Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 451

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 451
---
 was paid out in cash and $902,722 was used to repay Fusemachines, the balance due under February Note 1.

During 2024, Fusemachines entered into seven unsecured promissory notes (the ‘2024 Related Party Promissory Notes’) with the
CEO of the Company for aggregate principal amount of $700,000 which accrues interest at a rate of 4.71% per annum. The company intends to repay the principal plus interest accrued either prior to the business combination or at the closing of
business combination.

Fusemachines and Dolma are parties to (i) that certain Note Purchase Agreement, dated October 15, 2019, as
amended on December 22, 2022 and as further amended on January 15, 2024 (the “Dolma 2019 Purchase Agreement”),and (ii) that certain Note Purchase Agreement, dated September 7, 2021, as amended on December 22, 2022 and as
further amended on January 15, 2024 (the “Dolma 2021 Purchase Agreement”).Fusemachines issued (i) a Convertible Promissory Note to the Holder pursuant to the terms of the Dolma 2019 Purchase Agreement on October 15, 2019,
as amended on December 22, 2022 and as further amended on January 15, 2024 (the “Dolma 2019 Note”),and (ii) a Convertible Promissory Note to the Holder pursuant to the terms of the 2021 Purchase Agreement on September 7, 2021,
as amended on December 22, 2022 and as further amended on January 15, 2024 (the “Dolma 2021 Note”and, together with the 2019 Purchase Agreement, the 2021 Purchase Agreement and the 2019 Note, the “Dolma Note Documents”).On January 31, 2025, Fusemachines and Dolma entered into an Omnibus Amendment to Note Documents, amending the Dolma Note Documents to (a) change the term “Maturity Date” in the Dolma Note Documents to
February 28, 2026, and (b) revise the conversion price of the Dolma 2019 Purchase Agreement and Dolma 2021 Purchase Agreement such that the conversion rate of each note is based on a valuation of $85,000,000 on a fully-dil