Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 186

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 186
---
ii) reimburse each such indemnified party, as incurred, for any legal or
other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that CSLM will be liable in any such case to the extent that any such loss, claim, damage
or liability arises out of or is based upon any such untrue statement or alleged untrue statement or omission or alleged omission made therein in reliance upon and in conformity with written information furnished to CSLM by or on behalf of any
underwriter through BTIG specifically for inclusion therein.

Further, the Underwriting Agreement contains a contribution provision in the
event the indemnification obligations described above are unavailable or otherwise prohibited by law. The contribution obligations of the underwriters under the Underwriting Agreement are limited to the total underwriting discounts and commissions
paid, in the aggregate, by CSLM to the underwriters upon the consummation of CSLM’s IPO, and the

101

underwriters otherwise have no further contribution liability under the Underwriting Agreement because BTIG waived its rights to any deferred underwriting discounts. Therefore, in contrast to
other transactions where the underwriters did not waive rights to fees or deferred underwriting discounts, as the case may be, the potential financial liability of CSLM with respect to an indemnified loss where such indemnification is otherwise
unavailable to the indemnified party may be higher under the respective agreements than it would have been had BTIG not refused to serve and waived their rights to any fees or deferred underwriting discounts.

There is no dispute among CSLM and BTIG with respect to BTIG’s role as underwriter of CSLM’s IPO. The services of BTIG as
underwriter in the IPO were complete. BTIG had no role in connection with this Business Combination. BTIG waived its entitlement to the deferred fees at the request of CSLM. Accordingly, CSLM does not believe that the waiver of fees will impact the
consummation of the Business Combination, other than by reducing transaction expenses payable at the Closing. BTIG has not been involved in the preparation of any disclosure that is included in this proxy statement/prospectus, or any business
analysis underlying such disclosure, and CSLM Shareholders do not have the benefit of any such involvement. CSLM Shareholders should not place any reliance on the fact that BTIG was involved with CSLM’s IPO.

There are risks to CSLM shareholders who are not affiliates of the Sponsor of becoming stockholders of Pubco