Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 220

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 220
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 the best interest of the Company not to have to
pay the Sponsor for the 2 A&R Note in cash at the closing of the Business Combination, so the Sponsor agreed to take partial payment for a portion of the 2 A&R Note in CSLM’s Class A ordinary shares at a share price of Four Dollars ($4.00), and the balance shall in cash at the closing of the Business Combination.

On February 4, 2025, CSLM issued the 3rd A&R Note to increase the amount the Company may borrow from $2,750,000 to $3,000,000. The
3rd A&R Note bears interest at a rate of 4.75% per annum, and is payable on the earlier to occur of (i) the date by which the Company has to complete a business combination or (ii) the effective date of a business combination. In the event of a
Business Combination, the outstanding balance payable may be repaid as follows: $1,491,000 of the Principal and its accrued and unpaid interest shall be converted into CSLM’s Class A ordinary shares at a share price of Four Dollars ($4.00), and
the balance shall be payable in cash at the closing of the Business Combination. On May 23, 2025, the 3rd A&R Note was amended to increase the amount the Company may borrow to $4,000,000.

On February 4, 2025, CSLM entered into the Second Amendment to Merger Agreement to (a) amend the definition of the “PIPE Investment
Amount” to mean the sum of (i) $8,840,000, and (ii) the Contingent PIPE Investment Amount, if any; and (b) remove the delay fees incurred in connection with delivery of Fusemachines’ financial statements.

In connection with the 2nd Amendment, the Sponsor Affiliate issued the Escrow Note to Fusemachines in the amount of $2,160,000, in exchange
for a new convertible note which note shall convert into shares of common stock of Fusemachines at a price of $0.44 per share (a) automatically at the time of the Business Combination, or (b) on July 12, 2025 at the option of the holder,
if not, then payable in cash. The funds from the Escrow Note shall be put in an escrow account held CST pursuant to the Escrow Agreement. The funds shall be released to Pubco upon