Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 435

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 435
---
 Warrants sold in the Proposed Public Offering except that, so long as they are held by the Sponsor, CCM, or their permitted
transferees, the Private Placement Warrants (i) may not (including the Class A ordinary shares issuable upon exercise of these Private
Placement Warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion
of the initial Business Combination, (ii) will be entitled to registration rights and (iii) with respect to Private Placement Warrants
held by CCM, LLC and/or its designees, will not be exercisable more than five years from the commencement of sales in this offering in
accordance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110(g)(8).

<div align='center'>F-32</div>

The Sponsor, officers and directors will enter
into a letter agreement with the Company, pursuant to which they will agree to (i) waive their redemption rights with respect to any
shares held by them in connection with the completion of the initial Business Combination; (ii) waive their redemption rights with respect
to any shares held by them in connection with a shareholder vote to approve an amendment to the amended and restated memorandum and articles
of association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial
Business Combination or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within
the Completion Window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial Business
Combination activity; (iii) waive their rights to liquidating distributions from the Trust Account with respect to their founder shares
and Private Placement Shares if the Company fails to complete an initial Business Combination within the Completion Window, although
they will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if the Company
fails to complete an initial Business Combination within the prescribed time frame and to liquidating distributions from assets outside
the Trust Account; and (iv) vote any founder shares and Private Placement Shares held by them and any Public Shares purchased during
or after this offering (including in open market and privately-negotiated transactions, aside from shares they may purchase in compliance
with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving the Business Combination transaction)
in favor of the initial