Company: KOYNU
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001829126-25-005283
Chunk: 358

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-22
Form: S-1/A
Chunk 358
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aking as to Tax Concessions</div>

In accordance with the Tax Concessions Act (Revised), the following undertaking is hereby given to the Company:

| 1. | That no law which is hereafter enacted in the Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to the Company or its operations; and |
| 2. | In addition, that no tax to be levied on profits, income, gains or appreciations or which is in the nature of estate duty or inheritance tax shall be payable:                   |

| 2.1 | On or in respect of the shares, debentures or other obligations of the Company; or |

<div align='center'>206</div>

| 2.2 | by way of the withholding in whole or in part of any relevant payment as defined in the Tax Concessions Act (Revised). |

These concessions shall be for a period of 20 years from the 22 day of October 2024.”

Material United States Federal Income Tax Considerations

General

The following discussion summarizes material United States federal income tax considerations generally applicable to the acquisition, ownership and disposition of our public units (each consisting of one Class A ordinary share and half of one redeemable warrant) that are purchased in this offering, which we refer to collectively as our securities, by U.S. Holders (as defined below) and Non-U.S. Holders (as defined below).

Because the components of a public unit are generally separable at the option of the holder, the holder of a public unit generally should be treated, for United States federal income tax purposes, as the owner of the underlying public share or public warrant components of the public unit. As a result, the discussion below with respect to holders of public shares and public warrants should also apply to holders of public units (as the deemed owners of the underlying public shares and public warrants that constitute the public units).

This discussion is limited to material United States federal income tax considerations to beneficial owners of our securities who are initial purchasers of a public unit pursuant to this offering and hold the public unit and each component of the public unit as a capital asset under the U.S. Internal Revenue Code of 1986, as amended (the “Code”). This discussion assumes that the public shares and public warrants will trade separately and that any distributions made (or deemed made) by us on our public shares and any consideration received (or deemed received) by a holder in consideration for the sale or other