Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 10

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 10
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 Information” and “ Proposal 1 — The Business Combination Proposal — Ownership After the Closing.” All of the relative percentages above are for illustrative purposes only and are based upon certain assumptions as described in the section entitled “ Unaudited Condensed Combined Pro Forma Financial Information”. For more information, including the ownership percentages in the no additional redemptions scenario and the effect of certain dilutive securities, see the section entitled “ The Business Combination Proposal — Ownership of Pubco after the Closing”.

Compensation Received by the Sponsor Within five (5) business days following the execution of the Merger Agreement, and as a condition to Closing, an affiliate of Consilium Acquisition Sponsor I, LLC, a Cayman Islands limited liability company and the Sponsor of CSLM (our “ Sponsor”) will provide to Fusemachines loans in an aggregate amount of $6.5 million in the form of convertible promissory notes, of which $4.5 million shall be used by Fusemachines for general corporate purposes, including debt repayment, and $2.0 million shall be used by Fusemachines to repurchase certain Fusemachines shares from Mr. Maskey, the Chief Executive Officer of Fusemachines (collectively, the “ Sponsor Convertible Notes”), and contemporaneously therewith, Mr. Maskey shall enter into a pledge agreement with the Sponsor and Fusemachines (the “ Pledge Agreement”), pursuant to which Mr. Maskey shall pledge certain shares of Fusemachines Common Stock held by him to secure Fusemachines ‘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. In addition, the Sponsor or an affiliate of the Sponsor has issued an unsecured promissory note to CSLM up to an aggregate amount of $4,000,000 (the “ Working Capital Loans”) as described below. On February 4, 2025, CSLM issued a 3rd amended and restated promissory note (the “ 3rd A&R Note”) to increase the amount the Company may borrow from $2,