Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 49

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 49
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’ obligations under the Sponsor Convertible Notes. The Sponsor Convertible Notes (i) may convert into                         
 shares of Preferred Stock of Fusemachines prior to the Closing of Merger at the option of the Sponsor in the event of a Qualified Financing, as defined in the Sponsor Convertible Notes, or (ii) automatically convert into shares of Common Stock      
 of Fusemachines prior to the Closing of the Merger, at the Conversion Price set forth and defined in the Sponsor Convertible Notes, upon receipt of five days’ notice the date of the Closing. On February 4, 2025 Fusemachines issued to an             
 affiliate of the Sponsor, the Escrow Note in the amount of $2,160,000, which 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) at any time after 
 July 12, 2025 at the option of the holder, if not, payable in cash. The funds shall be released to Pubco upon the consummation of the Business Combination. In addition, the maturity dates on the Sponsor Convertible Notes issued on January 25, 2024  
 were extended to July 12, 2025.                                                                                                                                                                                                                          |

15

On February 4, 2025, the Sponsor or an affiliate of the Sponsor has issued an unsecured promissory note to CSLM up to an aggregate amount of $3,000,000 (the “ Working Capital Loans”). The Working Capital Loans 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.

| Q. | Does the Sponsor, any of its affiliates or promoters have any prior experience in organizing special 
 purpose acquisition companies?                                                                       |

| A. | No. None