Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 299

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 299
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and directors of a corporation incorporated under the laws of the Cayman Islands are required to present business opportunities to a
corporation if:

| ● | the corporation could financially undertake the opportunity; |

| ● | the opportunity is within the corporation’s line of business; and |

| ● | it would not be fair to the corporation and its shareholders for the opportunity not to be brought 
 to the attention of the corporation.                                                               |

Accordingly, as a result of
multiple business affiliations, our officers and directors may have similar legal obligations relating to presenting business opportunities
meeting the above-listed criteria to multiple entities. In addition, conflicts of interest may arise when our Board of Directors evaluates
a particular business opportunity with respect to the above-listed criteria. We cannot assure you that any of the above-mentioned conflicts
will be resolved in our favor.

In order to minimize potential
conflicts of interest which may arise from multiple corporate affiliations, each of our officers and directors has contractually agreed,
pursuant to a written agreement with us, until the earliest of our execution of a definitive agreement for a business combination, our
liquidation or such time as he or she ceases to be an officer or director, to present to our Company for our consideration, prior to
presentation to any other entity, any suitable business opportunity which may reasonably be required to be presented to us, subject to
any fiduciary or contractual obligations he or she might have in the event their respective business combinations are not consummated.
Accordingly, our amended and restated memorandum and articles of association will provide that the doctrine of corporate opportunity
will not apply with respect to any of our executive officers or directors in circumstances where the application of the doctrine would
conflict with any fiduciary duties or contractual obligations they may have.

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Below is a table summarizing
the entities to which our executive officers and directors currently have fiduciary duties or contractual obligations.

| Individual                |     | Entity                                |     | Entity’s                                   
 Business                                   |     | Affiliation                                  |
| Charles T. Cassel III     |     | Consilium Investment                  
 Management, LLC(1)                    
 CSLM Acquisition Corp.                |     | Investment management                      
 company                                    
 Special Purpose Acquisition Company        |     | Co-Founder                                   
 Director, Chief Executive Officer and Chief  
 Financial Officer                            |
| Jonathan M. Binder        |     | Consilium Investment                  
 Management, LLC(1)