Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 274

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 274
---
 Business Combination” for a further discussion of these considerations.

159

THE EQUITY INCENTIVE PLAN PROPOSAL Overview In this Proposal No. 6, CSLM is asking its shareholders to approve the assumption and adoption by Pubco of the Fusemachines Inc. Equity Incentive Plan, or the “Equity Incentive Plan,” a copy of which is included as Annex C. The Plan is being adopted in connection with the Business Combination and will become effective, if at all, upon the closing of the Business Combination, and subject to shareholder approval. If the Business Combination Proposal is not approved by CSLM’s Shareholders, the Equity Incentive Plan is not approved by CSLM’s Shareholders, or if the Business Combination is terminated prior to the consummation of the Business Combination, the Plan will remain with Fusemachines and not be amended and restated as described herein. The Plan will allow Pubco to provide equity awards as part of Pubco’s compensation program, an important tool for motivating, attracting and retaining talented employees and for creating stockholder value. If the Plan is not approved it will compel Pubco to significantly increase the cash component of employee compensation needed to attract and retain key employees, which would therefore reduce Pubco’s operating cash flow. The Board believes that long-term incentive compensation programs align the interests of management, employees and stockholders to create long-term stockholder value. The Plan will increase Pubco’s ability to achieve this objective, and, by allowing for several different forms of long-term incentive awards, helps Pubco to recruit, reward, motivate, and retain talented personnel. The Board believes that the approval of the Plan is essential to Pubco’s continued success, and in particular, Pubco’s ability to attract and retain outstanding and highly skilled individuals in the extremely competitive labor marks in which Pubco will compete. Such awards are also crucial to Pubco’s ability to motivate employees to achieve its goals. Key Plan Provisions

| • |     | Unless terminated earlier by Pubco’s Board, the Equity Incentive Plan will continue until the 10th anniversary of earlier of the date the adoption of the Plan was approved by Pubco’s Board or the date the adoption of the Plan was approved by Pubco’s stockholders. |

| • |     | The Equity Incentive Plan provides for the grant of stock options, both incentive stock options and non-qualified stock options, restricted stock, restricted stock units, and other stock-based awards. |

| • |     |