Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 341

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 341
---
as described under “— U.S. Holders — Exercise, Lapse or Redemption of a Warrant,” above, although to the extent
a cashless exercise results in a taxable exchange, the consequences would be similar to those described in the preceding paragraphs above
for a Non-U.S. Holder’s gain on the sale or other disposition of our Class A ordinary shares, warrants and rights.

<div align='center'>199</div>

Information Reporting and Backup Withholding

Dividend payments with respect to our Class A ordinary shares and proceeds from the sale, exchange or redemption of our Class A ordinary shares may be subject to information reporting to the IRS and possible
United States backup withholding. Backup withholding will not apply, however, to a U.S. Holder who furnishes a correct taxpayer identification number and makes other required
certifications, or who is otherwise exempt from backup withholding and establishes
such exempt status. A Non-U.S. Holder generally will eliminate the requirement for backup withholding by providing
certification of its foreign status, under penalties of perjury, on a duly executed
applicable IRS Form W-8 or by otherwise establishing an exemption.

Backup withholding is not an additional tax. Amounts withheld as backup withholding
may be credited against a holder’s United States federal income tax liability, and a holder generally may obtain a refund of
any excess amounts withheld under the backup withholding rules by timely filing the
appropriate claim for refund with the IRS and furnishing any required information.

Certain U.S. Holders may
be required to file an IRS Form 926 (Return by a U.S. Transferor of Property to a Foreign Corporation) to report a transfer of property
(including cash) to us. Substantial penalties may be imposed on a U.S. Holder that fails to comply with this reporting requirement, and
the period of limitations on assessment and collection of United States federal income taxes will be extended in the event of a failure
to comply. Furthermore, certain U.S. Holders who are individuals and certain entities will be required to report information with respect
to such U.S. Holder’s investment in “specified foreign financial assets” on IRS Form 8938 (Statement of Specified Foreign
Financial Assets), subject to certain exceptions. Specified foreign financial assets generally include any financial account maintained
with a non-U.S. financial institution and should also include our units, Class A ordinary shares, warrants and rights if they are not
held in an account maintained with a U.S. financial institution.

Persons who are required