Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 87

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 87
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 Merger Agreement is validly terminated by CSLM pursuant to Section 10.2(a) of the Merger Agreement, and at the time
of any such termination, Fusemachines is not permitted to terminate the Merger Agreement pursuant to Section 10.2(b) thereof, (such termination, a “CSLM Termination for Cause”), then Fusemachines shall pay to CSLM a termination fee in
the amount equal to $1,000,000 (which fee shall be payable within two (2) Business Days after such termination).

In the event that
the Merger Agreement is validly terminated by Fusemachines pursuant to Section 10.2(b) of the Merger Agreement, and at the time of any such termination, CSLM is not permitted to terminate the Merger Agreement pursuant to Section 10.2(a),
then Sponsor and CSLM shall pay to (and Sponsor and CSLM shall be jointly and severally liable for) Fusemachines a termination fee in the amount equal to $1,000,000 (which fee shall be payable within two (2) Business Days after such
termination).

38

Governance

The executive management of Fusemachines is expected to serve as the executive management of Pubco following the Closing. Pursuant to the
Merger Agreement, Pubco’s board of directors will consist of five members, with the Sponsor having the right to designate one independent director and the remaining directors shall be designated by Fusemachines. At least a majority of the board
of directors shall qualify as independent directors under the Securities Act and Nasdaq or Alternate Exchange rules, as applicable. Pursuant to the CSLM Certificate of Incorporation, the CSLM’s Board of Directors will be a classified board with
three classes of directors, with (I) one class of directors, the Class I Directors, initially serving until the first annual meeting of Pubco shareholders occurring after the Closing, such term effective from the Closing (but any subsequent
Class I Directors serving a three (3) year term), (II) a second class of directors, the Class II Directors, initially serving until the second annual meeting of Pubco shareholders occurring after the Closing, such term effective from the
Closing (but any subsequent Class II Directors serving a three (3) year term), and (III) a third class of directors, the Class III Directors, serving until the third annual meeting of Pubco shareholders occurring after the Closing, such term
effective from the Closing (and with any subsequent Class III