Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 298

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 298
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| ● | the date on which the name of any person was entered on the register as a member; 
 and                                                                               |

| ● | the date on which any person ceased to be a member. |

<div align='center'>174</div>

For these purposes, “voting
rights” means rights conferred on shareholders, including the right to appoint directors, in respect of their shares to vote at
general meetings of the Company on all or substantially all matters. A voting right is conditional where the voting right arises only
in certain circumstances.

Under Cayman Islands law,
the register of members of our Company is prima facie evidence of the matters set out therein (i.e. the register of members will raise
a presumption of fact on the matters referred to above unless rebutted) and a member registered in the register of members will be deemed
as a matter of Cayman Islands law to have legal title to the shares as set against its name in the register of members. Upon the closing
of this public offering, the register of members will be immediately updated to reflect the issue of shares by us. Once our register of
members has been updated, the shareholders recorded in the register of members will be deemed to have legal title to the shares set against
their name. However, there are certain limited circumstances where an application may be made to a Cayman Islands court for a determination
on whether the register of members reflects the correct legal position. Further, the Cayman Islands court has the power to order that
the register of members maintained by a company should be rectified where it considers that the register of members does not reflect the
correct legal position. If an application for an order for rectification of the register of members were made in respect of our ordinary
shares, then the validity of such shares may be subject to re-examination by a Cayman Islands court.

Dividends

We have not paid any cash dividends on our shares to date and do not intend to pay
cash dividends prior to the completion of a business combination. The payment of cash
dividends in the future will be dependent upon our revenues and earnings, if any,
capital requirements and general financial condition subsequent to completion of a
business combination. The payment of any dividends subsequent to a business combination
will be within the discretion of our then Board of Directors. It is the present intention
of our Board of Directors to retain all earnings, if any, for use in our business
operations and, accordingly, our Board of Directors does