Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 92

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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ative Services Agreement

The Company entered into a support services agreement, commencing
on the effective date of the initial public offering, pursuant to which the Company will pay the Sponsor a total of $10,000 per
month for office space, administrative and support services. The Sponsor has waived all payments under the support services
agreement. The Company has recorded the waived payments as capital contributions from the Sponsor and has recorded $30,000 and
$30,000 to the consolidated statements of operations for the three months ended June 30, 2025 and 2024, respectively, and $60,000
and $60,000 to the consolidated statements of operations for the six months ended June 30, 2025 and 2024, respectively.

Promissory Note — Related Party

In July 2021, the Sponsor issued an unsecured promissory note to the
Company (the “Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal amount of $300,000.
On January 18, 2022, the Company repaid $206,313 for amounts outstanding under the Promissory Note balance, resulting in an overpayment
of $25,000. The Company also made payments related to Sponsor invoices. These items are recorded within due from related party on the
condensed balance sheet as of June 30, 2025 and December 31, 2024.

In February 2023, the Sponsor issued an unsecured promissory note to
the Company (the “WC Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal amount of $1,500,000.
The WC Promissory Note bears interest at a rate of 4.75% per annum and is payable on the earlier of the date by which the Company has
to complete a business combination or the effective date of a business combination. On January 18, 2024, the Company issued an amended
and restated promissory note (the “A&R WC Promissory Note”), pursuant to which the Company may borrow up to an aggregate
principal amount of $2,000,000. The A&R WC Promissory Note does not amend any other existing terms.

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On February 4, 2025, the Company issued a third amended and restated
promissory note (the “3rd A&R WC Promissory Note”) pursuant to which the Company may borrow up to an aggregate