Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 301

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 301
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 jurisdiction.

The Companies Act provides for a right of dissenting shareholders to be paid the fair
value of their shares upon their dissenting to the merger or consolidation in certain
circumstances if they follow a prescribed procedure. In essence, where such rights
apply, that procedure is as follows: (i) the shareholder must give his written objection
to the merger or consolidation to the constituent company before the vote on the merger
or consolidation, including a statement that the shareholder proposes to demand payment
for their shares if the merger or consolidation is authorized by the vote; (ii) within
20 days following the date on which the merger or consolidation is authorized by the
shareholders, the constituent company must give written notice to each shareholder
who made a written objection; (iii) a shareholder must within 20 days following receipt
of such notice from the constituent company, give the constituent company a written
notice of his intention to dissent including, among other details, a demand for payment
of the fair value of their shares; (iv) within seven days following the date of the
expiration of the period set out in paragraph (ii) above or seven days following the
date on which the plan of merger or consolidation is filed, whichever is later, the
constituent company, the surviving company or the consolidated company must make a
written offer to each dissenting shareholder to purchase their shares at a price that
the company determines is the fair value and if the company and the shareholder agree
the price within 30 days following the date on which the offer was made, the company
must pay the shareholder such amount; and (v) if the company and the shareholder fail
to agree on a price within such 30 day period, within 20 days following the date on
which such 30 day period expires, the company must (and any dissenting shareholder
may) file a petition with the Grand Court of the Cayman Islands to determine the fair
value of all dissenting shares and such petition must be accompanied by a list of
the names and addresses of the dissenting shareholders with whom agreements as to
the fair value of their shares have not been reached by the company. At the hearing
of that petition, the court has the power to determine the fair value of the shares
together with a fair rate of interest, if any, to be paid by the company upon the
amount determined to be the fair value. Any dissenting shareholder whose name appears
on the list filed by the