Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 346

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 346
---
 member of one of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s
immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of
descent and distribution upon the death of the individual; (d) in the case of an individual, pursuant to a qualified domestic relations
order; (e) by private sales or transfers made in connection with the consummation of a business combination at prices no greater than
the price at which the founder shares or private shares, as applicable, were originally purchased; (f) by virtue of our Sponsor’s
organizational documents upon liquidation or dissolution of our Sponsor; (g) to the Company for no value for cancellation in connection
with the consummation of our initial business combination; (h) in the event of our liquidation prior to the completion of our initial
business combination; or (i) in the event of our completion of a liquidation, merger, share exchange or other similar transaction which
results in all of our public shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property
subsequent to our completion of our initial business combination; provided, however, that in the case of clauses (a) through
(f) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and the other
restrictions contained in the letter agreement. Our Sponsor has committed, pursuant to a Securities Transfer Agreement that will close
immediately prior to effectiveness of the registration statement of which this prospectus forms a part, to transfer 20,000 founder shares
(or 100,000 in the aggregate) to each of the Company’s director nominees, Christopher Bradley, Brian Rudick, Mathew August, Danel
Calvillo Armendariz and Dr. Jim Kyung Soo Liew, for the sum of $0.003 per share.

The letter agreement with
our Sponsor, officers and directors that includes the transfer restrictions described in the foregoing may be amended without shareholder
approval with our written consent as well as the written consent of the Sponsor and our directors and officers to the extent they are
the subject of any change, amendment, modification or waiver to the letter agreement. The written consent of the underwriter will also
be required for an amendment of a provision of the letter agreement that subjects the Sponsor and our directors and officers to certain
of