Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 277

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 277
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 count against the
overall share limit described above, except as may be required by reason of Section 422 of the Code or applicable securities exchange rules.

In connection with the Business Combination, outstanding awards for stock options for Fusemachines common stock that were issued prior to the
Closing of the Business Combination will be converted into options to acquire Pubco common stock such that the number of shares of Fusemachines underlying each such option award prior to the Closing date will be converted into an option to purchase
1,689,115 and 1,664,923 shares of Pubco common stock in the No Additional Redemption Scenario and Maximum Redemption Scenario, respectively at an exercise price per share that will be the exercise price per share of Fusemachines common stock
immediately prior to the conversion divided by 0.6621 and 0.6526 shares of Pubco common stock in the No Additional Redemption Scenario and Maximum Redemption Scenario, respectively. The shares underlying such converted options will count against the
shares reserved for issuance under the Plan.

161

Equity Incentive Plan Administration

Pubco’s Board or a committee appointed by Pubco’s Board will administer the Plan and are referred to as the Administrator. The
Administrator may delegate certain duties and authorities of the Administrator to officers of Fusemachines but the full Board must approve the grant of any award to a non-employee director. Grants to executive
officers of Pubco must be approved by the full Board or by a committee comprised of “non-employee directors” under Rule 16b-3 of the Securities Exchange Act.

Subject to the terms of the Equity Incentive Plan and applicable laws, the Administrator shall have authority to determine which
employees, non-employee directors and consultants will receive Awards, to grant Awards and to set all terms and conditions of Awards (including, but not limited to, vesting, exercise and forfeiture
provisions). In addition, the Administrator shall have the authority to take all actions and make all determinations contemplated by the Equity Incentive Plan and to adopt, amend and repeal such administrative rules, guidelines and practices
relating to the Plan as it shall deem advisable. The Administrator may correct any defect or ambiguity, supply any omission or reconcile any inconsistency in the Equity Incentive Plan or any Award in the manner and to the extent it shall deem
necessary or appropriate to carry the Plan and any Awards into effect, as determined by the Administrator. The Administrator shall make all determinations under the Equity Incentive Plan in the Administrator’s