Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 329

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 329
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 the Cayman Islands
company are also required to make a declaration to the effect that, having made due enquiry, they are of the opinion that certain requirements
have been met, including the following requirements: (i) that the merger or consolidation is permitted or not prohibited by the constitutional
documents of the foreign company and by the laws of the jurisdiction in which the foreign company is incorporated, and that those laws
and any requirements of those constitutional documents have been or will be complied with; (ii) that no petition or other similar proceeding
has been filed and remains outstanding or order made or resolution adopted to wind up or liquidate the foreign company in any applicable
jurisdictions; (iii) that no receiver, trustee, administrator or other similar person has been appointed in any jurisdiction and is acting
in respect of the foreign company, its affairs or its property or any part thereof; (iv) that no scheme, order, compromise or other similar
arrangement has been entered into or made in any jurisdiction whereby the rights of creditors of the foreign company are and continue
to be suspended or restricted; and (v) there is no other reason why it would be against the public interest to permit the merger or consolidation.

<div align='center'>191</div>

Where the surviving company
is the Cayman Islands exempted company, the directors of the Cayman Islands exempted company are further required to make a declaration
to the effect that, having made due enquiry, they are of the opinion that the following requirements have been met: (i) that the foreign
company is able to pay its debts as they fall due and that the merger or consolidation is bona fide and not intended to defraud unsecured
creditors of the foreign company; (ii) that in respect of the transfer of any security interest granted by the foreign company to the
surviving or consolidated company (A) consent or approval to the transfer has been obtained, released or waived; (B) the transfer is
permitted by and has been approved in accordance with the constitutional documents of the foreign company; and (C) the laws of the jurisdiction
of the foreign company with respect to the transfer have been or will be complied with; and (iii) that the foreign company will, upon
the merger or consolidation becoming effective, cease to be incorporated, registered or exist under the laws of the relevant foreign
jurisdiction.

The Companies Act provides for
a right of dissenting shareholders to be paid the fair value of their shares upon their