Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 255

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 255
---
 Sponsor,
or third parties, before they present such opportunities to us. Our amended and restated memorandum and articles of association provide
that, to the fullest extent permitted by applicable law: (i) no individual serving as a director or an officer shall have any duty, except
and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities
or lines of business as us; and (ii) we renounce any interest or expectancy in, or in being offered an opportunity to participate in,
any potential transaction or matter which may be a corporate opportunity for any director or officer, on the one hand, and us, on the
other. In addition, our amended and restated memorandum and articles of association will contain provisions to exculpate and indemnify,
to the maximum extent permitted by law, such persons in respect of any liability, obligation or duty to the Company that may arise as
a consequence of such persons becoming aware of any business opportunity or failing to present such business opportunity. For more information, see the section entitled “Management and Advisors — Conflicts of Interest.”

Our directors and officers presently have, and any of them in the future may have,
additional, fiduciary or contractual obligations to other entities pursuant to which
such officer or director is or will be required to present a business combination
opportunity to such entity. Accordingly, if any of our directors or officers becomes
aware of a business combination opportunity that is suitable for an entity to which
he or she has then-current fiduciary or contractual obligations, he or she may need to honor these fiduciary
or contractual obligations to present such business combination opportunity to such
entity, or in the case of a non-compete restriction, may not present such opportunity to us at all, subject to his or her
fiduciary duties under Cayman Islands law. See “Risk Factors — Risks Related to Our Team and Their Respective Affiliates and to the Post-Business Combination Company — Certain of our directors and officers are now, and all of them may in the future become, affiliated with entities engaged in business activities similar to those intended to be conducted by us and, accordingly, may have conflicts of interest in determining to which entity a particular business opportunity should be presented.”

We do not believe, however, based on the other companies with which our directors and officers are affiliated
and their respective businesses, that the fiduciary duties or contractual obligations of our directors or officers
will materially affect