Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 268

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 268
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. Our amended and restated memorandum and articles of association provide that, to the fullest extent permitted by applicable
law: (i) no individual serving as a director or an officer shall have any duty, except and to the extent expressly assumed by contract,
to refrain from engaging directly or indirectly in the same or similar business activities or lines of business as us; and (ii) we renounce
any interest or expectancy in, or in being offered an opportunity to participate in, any potential transaction or matter which may be
a corporate opportunity for any director or officer, on the one hand, and us, on the other. In addition, our amended and restated memorandum
and articles of association will contain provisions to exculpate and indemnify, to the maximum extent permitted by law, such persons
in respect of any liability, obligation or duty to the Company that may arise as a consequence of such persons becoming aware of any
business opportunity or failing to present such business opportunity. Our directors and officers are also not required to commit any
specified amount of time to our affairs, and, accordingly, will have conflicts of interest in allocating management time among various
business activities, including identifying potential business combinations and monitoring the related due diligence. See “Risk Factors — Risks Related to our Team and Their Respective Affiliates and to the Post-Business Combination Company — Certain of our directors and officers are now, and all of them may in the future become, affiliated with entities engaged in business activities similar to those intended to be conducted by us and, accordingly, may have conflicts of interest in determining to which entity a particular business opportunity should be presented.”

In addition, our Sponsor, its members, our officers or our directors or their respective affiliates
may be investors, or have other direct or indirect interests, in a business with which
we may enter into a business combination agreement and/or in certain funds or other
persons that may purchase shares in this offering or that may otherwise purchase our
Class A ordinary shares in the public market.

We do not believe, however, based on the other companies with which our directors and officers are affiliated
and their respective businesses, that the fiduciary duties or contractual obligations of our directors or officers
will materially affect our ability to identify and pursue business combination opportunities
or complete our initial business combination.

Investors should be aware of the following potential conflicts of interest:

| ● | None of our officers and directors is required to commit their                                                                             
 full time to our affairs and, accordingly, they may