Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 271

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 271
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 until the earliest of our execution of a
definitive agreement for a business combination, our liquidation or such time as he
or she ceases to be an officer or director, to present to our Company for our consideration,
prior to presentation to any other entity, any suitable business opportunity which
may reasonably be required to be presented to us, subject to any fiduciary or contractual
obligations he or she might have in the event their respective business combinations
are not consummated. Accordingly, our amended and restated memorandum and articles
of association will provide that the doctrine of corporate opportunity will not apply
with respect to any of our executive officers or directors in circumstances where
the application of the doctrine would conflict with any fiduciary duties or contractual
obligations they may have.

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Below is a table summarizing the entities to which our executive officers and directors
currently have fiduciary duties or contractual obligations.

| Individual            |     | Entity                                  |     | Entity’s Business             |     | Affiliation                                  |
| Charles T. Cassel III |     | Consilium Investment Management, LLC(1) |     | Investment management company |     | Co-Founder                                   |
| Jonathan M. Binder    |     | Consilium Investment Management, LLC(1) |     | Investment management company |     | Co-Founder                                   |
| Vikas Mittal          |     | Meteora Capital                         |     | Investment management company |     | Managing Member and Chief Investment Officer |
| Christopher Bradley   |     | Mistral Equity Partners                 |     | Investment firm               |     | Managing Director                            |

| (1) | Includes certain other affiliates and portfolio companies |

If we submit our initial business combination to our public shareholders for a vote,
our initial shareholders have agreed to vote any shares held by them in favor of our
initial business combination. In addition, they have agreed to waive their respective
rights to participate in any liquidation distribution with respect to their founder
shares, insider shares or private shares. If they purchase Class A ordinary shares as part of this offering or in the open market, however, they would be entitled to participate in any liquidation distribution
in respect of such shares but have agreed not to convert or sell such shares to us
in connection with the consummation of an initial business combination.

All ongoing and future transactions between us and any of our Sponsor, executive officers
and directors or their respective affiliates will be