Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 334

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 334
---
 are being brought elsewhere.

Special Considerations for Exempted Companies.We are an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between
ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly
outside of the Cayman Islands may apply to be registered as an exempted company. The requirements for an exempted company are essentially
the same as for an ordinary company except for the exemptions and privileges listed below:

| ● | annual reporting requirements are                                                                                                   
 minimal and consist mainly of a statement that the Company has conducted its operations mainly outside of the Cayman Islands and    
 has complied with the provisions of the Companies Act;                                                                              |
| ● | an exempted company’s register                                                                                                      
 of members is not open to inspection and can be kept outside of the Cayman Islands;                                                 |
| ● | an exempted company does not have                                                                                                   
 to hold an annual general meeting;                                                                                                  |
| ● | an exempted company may issue shares                                                                                                
 with no nominal or par value;                                                                                                       |
| ● | an exempted company may obtain an                                                                                                   
 undertaking against the imposition of any future taxation (such undertakings are usually given for 20 years in the first instance); 
 and                                                                                                                                 |
| ● | an exempted company may register by                                                                                                 
 way of continuation in another jurisdiction and be deregistered in the Cayman Islands;                                              |

“Limited liability”
means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the Company (except
in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose
or other circumstance in which a court may be prepared to pierce or lift the corporate veil).

<div align='center'>194</div>

Amended and Restated Memorandum and Articles of Association

Our amended and restated
memorandum and articles of association will contain provisions designed to provide certain rights and protections relating to this offering
that will apply to us until the completion of our initial business combination. These provisions cannot be amended without a special
resolution. As a matter of Cayman Islands law, a resolution is deemed to be a special resolution where it has been approved by either
(i) the affirmative vote of at least two-thirds (or any higher threshold specified in a company’s articles of association) of a
company’s shareholders entitled to vote and so voting at a shareholder meeting for which notice specifying the intention