Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 276

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 276
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 us (or underlying securities)
can elect to exercise these registration rights at any time after we consummate a
business combination. In addition, the holders have certain “piggy-back” registration
rights on registration statements filed after the Company’s consummation of a business combination.

<div align='center'>163</div>

<div align='center'>CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</div>

Our Sponsor has acquired 7,666,667 Class B ordinary shares, or “founder shares,” for a purchase price of $25,000 or $0.003 per share, of which up to 1,000,000 founder shares remain subject to surrender to us for no consideration depending on the extent to which the underwriter’s over-allotment option is exercised during this offering. The purchase price per founder share was determined by dividing the amount of cash
contributed to the Company by the number of founder shares issued. Prior to the investment
of $25,000 by our Sponsor, the Company had no assets, tangible or intangible.

The number of founder
shares, and the surrender mechanism underlying the founder shares, has been determined in order to ensure that the founder shares will
collectively represent 25% of the outstanding shares (excluding any shares underlying the private units) upon completion of this offering
and the exercise of the underwriter’s over-allotment option, if any. In connection with this offering, our Sponsor holds 7,666,667
founder shares, of which up to 1,000,000 founder shares are subject to surrender to us depending on the extent to which the underwriter’s
over-allotment option is exercised during this offering.

Our Sponsor and the underwriter
in this offering, have committed, pursuant to a written agreement, to purchase an aggregate of 775,000 private units in a private placement
(or 816,250 private units if the underwriter’s over-allotment option is exercised in full) at the price of $10.00 per private unit.
Of the 775,000 private units, our Sponsor has agreed to purchase 500,000 private units (including in the event that the underwriter’s
over-allotment option is exercised in full) and the underwriter has agreed to purchase 275,000 private units (or 316,250 private units
if the underwriter’s over-allotment option is exercised in full). These purchases of private units shall take place as a private
placement