Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 384

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 384
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 to a relevant person pursuant to Section 275(1),
or any person pursuant to Section 275(1A), and in accordance with the conditions specified in Section 275, of the SFA, or (iii)
otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.

Where the securities are subscribed
or purchased under Section 275 of the SFA by a relevant person which is:

| ● | a corporation (which is not an accredited                                                                                      
 investor (as defined in Section 4A of the SFA)) the sole business of which is to hold investments and the entire share capital 
 of which is owned by one or more individuals, each of whom is an accredited investor; or                                       |

| ● | a trust (where the trustee is not                                                                                                         
 an accredited investor) whose sole purpose is to hold investments and each beneficiary of the trust is an individual who is an accredited 
 investor, securities (as defined in Section 239(1) of the SFA) of that corporation or the beneficiaries’ rights and interest              
 (howsoever described) in that trust shall not be transferred within six months after that corporation or that trust has acquired          
 the securities pursuant to an offer made under Section 275 of the SFA except:                                                             |

| (i) | to an institutional investor or to                                                                                            
 a relevant person defined in Section 275(2) of the SFA, or to any person arising from an offer referred to in Section 275(1A) 
 or Section 276(4)(i)(B) of the SFA;                                                                                           |

| (ii) | where no consideration is or will 
 be given for the transfer;        |

| (iii) | where the transfer is by operation 
 of law;                            |

| (iv) | as specified in Section 276(7) 
 of the SFA; or                 |

| (v) | as specified in Regulation 32 of the                                                                  
 Securities and Futures (Offers of Investments) (Shares and Debentures) Regulations 2005 of Singapore. |

Notice to Prospective Investors in the Cayman Islands

No offer or invitation, whether
directly or indirectly may be made to the public in the Cayman Islands to subscribe for our securities.

<div align='center'>226</div>

<div align='center'>LEGAL MATTERS</div>

Loeb & Loeb LLP, is acting
as counsel in connection with the registration of our securities under the Securities Act,