Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 290

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 290
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’ rights or pre-initial business combination activity; and (iii) their rights to liquidating distributions from the trust account with respect to any
founder shares and private shares they hold if we fail to complete our initial business
combination within the completion window (although they will be entitled to liquidating
distributions from the trust account with respect to any public shares they hold if
we fail to complete our initial business combination within the completion window);
and (3) the founder shares are entitled to registration rights. If we submit our initial business
combination to our public shareholders for a vote, our initial shareholders, directors
and officers have agreed (and their permitted transferees will agree), pursuant to
the terms of a letter agreement entered into with us, to vote any shares held by them
in favor of our initial business combination.

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Pursuant to a letter
agreement that our initial shareholders, directors and officers have entered into with us, with certain limited exceptions, the founder
shares are not transferable, assignable or salable (except to our directors and officers and other persons or entities affiliated with
our initial shareholders, each of whom will be subject to the same transfer restrictions) until the earlier of: (i) one year after the
completion of our initial business combination; and (ii) subsequent to our initial business combination, the date on which we complete
a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of our public shareholders having
the right to exchange their ordinary shares for cash, securities or other property

Public Warrants

No warrants are currently outstanding.
Each whole warrant entitles the registered holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment
as discussed below, at any time commencing on 30 days after the completion of our initial business combination. Pursuant to the warrant
agreement, a warrant holder may exercise its warrants only for a whole number of Class A ordinary shares. This means that only a whole
warrant may be exercised at any given time by a warrant holder. No fractional warrants will be issued upon separation of the units and
only whole warrants will trade. The warrants will expire at 5:00 p.m., New York City time, on the fifth anniversary of our completion
of an initial business combination, or earlier upon redemption.

No public warrants
will be exercisable for cash unless we have an effective and current registration statement covering