Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 305

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 305
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 of which is,
contrary to natural justice or the public policy of the Cayman Islands (awards of
punitive or multiple damages may well be held to be contrary to public policy). A
Cayman Islands Court may stay enforcement proceedings if concurrent proceedings are
being brought elsewhere.

Special Considerations for Exempted Companies.We are an exempted company with limited liability under the Companies Act. The Companies
Act distinguishes between ordinary resident companies and exempted companies. Any
company that is registered in the Cayman Islands but conducts business mainly outside
of the Cayman Islands may apply to be registered as an exempted company. The requirements
for an exempted company are essentially the same as for an ordinary company except
for the exemptions and privileges listed below:

| ● | annual reporting requirements are minimal and consist mainly of a statement that the                      
 Company has conducted its operations mainly outside of the Cayman Islands and has                         
 complied with the provisions of the Companies Act;                                                        |
| ● | an exempted company’s register of members is not open to inspection and can be kept outside of the Cayman 
 Islands;                                                                                                  |
| ● | an exempted company does not have to hold an annual general meeting;                                      |
| ● | an exempted company may issue shares with no nominal or par value;                                        |
| ● | an exempted company may obtain an undertaking against the imposition of any future                        
 taxation (such undertakings are usually given for 20 years in the first instance);                        
 and                                                                                                       |
| ● | an exempted company may register by way of continuation in another jurisdiction and                       
 be deregistered in the Cayman Islands;                                                                    |

“Limited liability”
means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the Company (except
in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose
or other circumstance in which a court may be prepared to pierce or lift the corporate veil).

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Amended and Restated Memorandum and Articles of Association

Our amended and restated
memorandum and articles of association will contain provisions designed to provide certain rights and protections relating to this offering
that will apply to us until the completion of our initial business combination. These provisions cannot be amended without a special
resolution. As a matter of Cayman Islands law, a resolution is deemed to be a special resolution where it has been approved by either
(i) the