Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 425

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 425
---
 deposit in the Trust Account, including
interest earned on the funds held in the Trust Account (net of amounts withdrawn to pay our taxes and up to $100,000 of interest to pay
dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will constitute full and complete payment
for the Public Shares and completely extinguish public shareholders’ rights as shareholders (including the right to receive further
liquidation or other distributions, if any), subject to the Company’s obligations under Cayman Islands law to provide for claims
of creditors and subject to the other requirements of applicable law.

<div align='center'>F-26</div>

The Sponsor, officers and directors will enter
into a letter agreement with the Company, pursuant to which they agree to waive their redemption rights with respect to any shares held
by them in connection with the completion of our initial Business Combination. Additionally, the Sponsor, officers and directors will
agree to waive their rights to liquidating distributions from the Trust Account with respect to their founder shares and Private Placement
Shares if we fail to complete our initial business combination within the prescribed time frame, although they will be entitled to liquidating
distributions from assets outside the Trust Account. If we do not complete the initial Business Combination within the prescribed time
frame, the Private Units (and the securities comprising such units) will be worthless. Furthermore, the Sponsor, officers and directors
will agree not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issuable upon conversion thereof
until the earlier to occur of: (i) six months after the completion of a Business Combination and (ii) subsequent to a Business Combination,
the date on which the Company consummates a subsequent liquidation, merger, share exchange or other similar transaction which results
in all of the Company’s shareholders having the right to exchange their Class A Ordinary Shares for cash, securities or other property.
Any permitted transferees will be subject to the same restrictions and other agreements of the Company’s initial shareholders with
respect to any founder shares (the “Lock-up”). Notwithstanding the foregoing, if the Company consummates a transaction after
the initial Business Combination which results in the Company’s shareholders having the right to exchange their shares for cash,
securities or other property, the founder shares will be released from the Lock-up.

The Company’s Sponsor will agree that it
will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company