SEC Contract Filing

Filing Date: 2024-08-20

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d873661dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>THIS PROMISSORY NOTE (THIS &#147;NOTE&#148;) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &#147;SECURITIES ACT&#148;), OR
UNDER THE SECURITIES LAWS OF ANY STATE. THIS NOTE IS SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND
THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. THE MAKER MAY REQUIRE AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE MAKER TO THE EFFECT THAT ANY SALE OR OTHER DISPOSITION IS
IN COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS. </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONSILIUM ACQUISITION CORP. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDED AND RESTATED PROMISSORY NOTE </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">Principal Amount: Up to $2,750,000.00</TD>
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<TD VALIGN="top" ALIGN="right">Dated as of August&nbsp;19, 2024</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Second Amended and Restated Promissory Note amends in full, extends and modifies that certain Promissory Note dated
February 28, 2023 (the &#147;<B>Original Note</B> &#148;), as amended on January&nbsp;18, 2024, in the principal amount of Two Million Dollars ($2,000,000) made by CSLM Acquisition Corp. (formerly Consilium Acquisition Corp. I, Ltd., a Cayman
Islands exempted company, the &#147;<B>Maker</B>&#148;), in favor of Consilium Acquisition Sponsor I, LLC, a Cayman Islands limited liability company (&#147;<B>Payee</B>&#148;). The debt evidenced herein shall replace and discharge the debt
evidenced by the Original Note, plus any accrued and unpaid interest thereon. This Amended and Restated Promissory Note is referred to herein as the &#145;<B>Note</B>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREFORE</B>: Maker promises to pay Payee, or order, the principal balance as set forth on Schedule A hereto, together with all accrued
and unpaid interest due on such outstanding balance, in cash in lawful money of the United States of America, on the terms and conditions described below; which schedule shall be updated from time to time by the parties hereto to reflect all
advances and <FONT STYLE="white-space:nowrap">re-advances</FONT> of principal outstanding under this Note; provided that at no time shall the aggregate of all advances and <FONT STYLE="white-space:nowrap">re-advances</FONT> of principal outstanding
under this note exceed TWO MILLION SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS ($2,750,000.00) (the &#147;<B>Maximum Amount</B>&#148;). Any advance hereunder shall be made by the Payee upon a request of Maker and shall be set forth on Schedule A. All
payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by Maker to such account as Payee may from time to time designate by written notice in accordance with the provisions of this
Note. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <B>Principal</B>. All unpaid principal, together with all accrued and unpaid interest, under this Note shall be due and payable
in full on the earlier of: (i)&nbsp;the date by which Maker has to complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a &#147;<B>Business
Combination</B>&#148;) pursuant to Article 166 of its Amended and Restated Memorandum of Association (as it may be amended </P>
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from time to time), and (ii)&nbsp;the effective date of a Business Combination (such earlier date of (i)&nbsp;and (ii), the &#147;<B>Maturity Date</B>&#148;), unless accelerated upon the
occurrence of an Event of Default (as defined below). Any outstanding principal, together with all accrued and unpaid interest, under this Note may be prepaid at any time by Maker, at its election and without penalty. Under no circumstances shall
any individual, including, but not limited to, any officer, director, employee or stockholder of Maker, be obligated personally for any obligations or liabilities of Maker hereunder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <B>Drawdown Requests</B>. Maker and Payee agree that Maker may request, from time to time, up to the Maximum Amount in drawdowns under this
Note to be use