Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 294

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 294
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 we issue the additional ordinary shares or equity-linked securities.

The warrants may be exercised upon surrender of the warrant certificate on or prior
to the expiration date at the offices of the warrant agent, with the exercise form
on the reverse side of the warrant certificate completed and executed as indicated,
accompanied by full payment of the exercise price (or on a cashless basis, if applicable),
by certified or official bank check payable to us, for the number of warrants being
exercised. The warrant holders do not have the rights or privileges of holders of
Class A ordinary shares and any voting rights until they exercise their warrants and receive
Class A ordinary shares. After the issuance of Class A ordinary shares upon exercise of the warrants, each holder will be entitled to one
vote for each share held of record on all matters to be voted on by shareholders.

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Under the terms of the warrant agreement, we have agreed that as soon as practicable,
but in no event later than 20 business days after the closing of our initial business
combination, we will use our best efforts to file with the SEC a registration statement
for the registration under the Securities Act of the warrant shares and thereafter
use its best efforts to cause the registration statement to become effective and to
maintain the effectiveness of such registration statement until the expiration of
the warrants. However, we cannot assure you that we will be able to do so and, if
we do not maintain a current prospectus relating to the warrant shares issuable upon
exercise of the warrants, holders will be unable to exercise their warrants for cash
and we will not be required to net cash settle or cash settle the warrant exercise.

No fractional shares will be issued upon exercise of the warrants. If, upon exercise
of the warrants, a holder would be entitled to receive a fractional interest in a
share, we will, upon exercise, round down to the nearest whole number of shares to
be issued to the warrant holder. As a result, warrant holders not purchasing an even
number of warrants must sell any odd number of warrants in order to obtain full value
from the fractional interest that will not be issued.

We have agreed that, subject to applicable law, any action, proceeding or claim against
us arising out of or relating in any way to the warrant agreement will be brought
and enforced in the courts of the State of New York or the United States District
Court for the Southern District of New York, and we irrevocably