Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 393

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 393
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 Company evaluated the above amendment agreement entered on
January 31, 2025, under the guidance in ASC 470-50 Debt - Modifications and Extinguishments, and it was determined that the terms of the amendment were not substantially different than the terms of the
convertible notes prior to amendment. Accordingly, the aforesaid amendment was accounted for as a debt modification.

2024 Convertible Notes at fair value

On February 4, 2025, the maturity date of January 2024 convertible note was extended to July 12, 2025 pursuant to the
second amendment

The Company evaluated the above amendment agreement entered on February 4, 2025, under the guidance in ASC 470-50 Debt - Modifications and Extinguishments, and it was determined that the terms of the amendment were not substantially different than the terms of the convertible notes prior to amendment. Accordingly, the
aforesaid amendment was accounted for as a debt modification.

Related Party loan payable

On February 12, 2025, an amendment to the seven promissory notes was entered into between the Company and the CEO, Mr. Sameer Maskey.
As per the original agreement, the maturity date was earlier of (1) the occurrence of an Event of Default and (2) December 31, 2024. Pursuant to the amendment agreement, the maturity date was extended to earlier of (1) the
occurrence of an Event of Default and (2) December 31, 2025.

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Others- February 2025 Convertible Notes

In connection with the second amendment to the Merger Agreement, an entity provided financing to Fusemachines in the amount of $2,160,000, in
exchange for a 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.

Pursuant to the terms of the Note and related Escrow Agreement, the proceeds are required to be
deposited into an escrow account and will be released to the Company only upon the consummation of the Business Combination. As of March 31, 2025, no funds had been deposited into escrow and the closing conditions had not been met. If the
Merger Agreement is terminated, the proceeds