Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 449

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 449
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 subsequent to CSLM’s completion of its initial business combination. Pubco will bear the expenses incurred in connection with the filing of any such registration statements.

In connection with the Business Combination, the registration rights agreement will be amended and restated. For additional information, see
“Business Combination Proposal — Related Agreements — Amended and Restated Registration Rights Agreement.”

Fusemachines Inc.

In January 2021, Fusemachines Nepal Private Limited entered into an investment agreement with Gyanu Maskey, an immediate family
member of Sameer Maskey (the “January 2021 Related Party Investment Agreement”) and Mrs. Maskey agreed to subscribe for 433,728 ordinary shares of Fusemachines Nepal Private Limited ordinary shares (the “January 2021 Subscription Shares”) over a term of three years (the “Completion Date”) and provided an advance amount of $376,400 to Fusemachines Nepal Private Limited during 2021. According to the terms of the January 2021 Related Party
Investment Agreement, Fusemachines could opt to refund Mrs. Maskey prior to the Completion Date without having to issue the January 2021 Subscription Shares. In 2021 the Company opted to refund Mrs. Maskey, not issue the January 2021
Subscription Shares, and agreed to provide a refund in monthly payments. During 2023 and 2022, there were $178,300 and $160,500 payments made, respectively. In February 2023, the January 2021 Related Party Investment Agreement concluded in
accordance with its terms, and neither party has any further rights or obligations under the agreement.

In October 2015, Fusemachines
issued a convertible promissory note to Sanjay Shrestha, a member of Fusemachines’ board of directors, with a principal amount of $25,000, that was convertible to 38,037 shares of Series Seed-2
Convertible Preferred Stock at a conversion rate of $0.6704 per share (the “October 2015 Convertible Note”). On February 7, 2023, Fusemachines’ board of directors formally approved the conversion of the October 2015
Convertible Note and issued the shares to Mr. Shrestha.

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On February 8, 2023, Fusemachines and Sameer Maskey entered into a Partial Recourse
Promissory Note which provided for the loan of $874,000 from Fusemachines to Mr. Maskey (the “