Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 88

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 88
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 Directors serving a three (3) year term). The director designated by the Sponsor shall be a Class III Director. For additional information, see “The Business Combination Proposal — Merger Agreement — Termination”.

Related Agreements

In connection with the Business Combination, CSLM and Fusemachines have entered into, or intend to enter into on the Closing Date, several
agreements, including the Sponsor Support Agreement, Fusemachines Support Agreement, A&R Registration Rights Agreement, and the Transaction Bonus Agreement. For additional information about each of these agreements, see “The Business Combination Proposal — Related Agreements”.

Second Amendment to the Merger Agreement

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 and 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.

On February 4, 2025, in connection with
the 2nd Amendment, the parties, entered into the Subscription Agreement Amendment to revise the PIPE Investment Amount to $8,840,000.

Proposal No. 2 — The Domestication Merger Proposal

If the Business Combination Proposal is approved, then CSLM will ask the holders of CSLM Ordinary Shares to approve by a special resolution,
the Domestication Merger Proposal. As a condition to closing the Business Combination pursuant to the terms of the Merger Agreement, the CSLM Board has unanimously approved the Domestication Merger Proposal. The Domestic