Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 269

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 269
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 have conflicts of interest in allocating their time among various business activities. |

| ● | In the course of their other business activities, our Sponsor,                                                                              
 officers and directors may become aware of investment and business opportunities which may be appropriate for presentation to our Company   
 as well as the other entities with which they are affiliated. However, our officers and directors have agreed to present to us all suitable 
 target business opportunities, subject to any fiduciary or contractual obligations.                                                         |

| ● | Unless we consummate our initial business combination, our executive                                                                   
 officers, directors and Sponsor will not receive reimbursement for any out-of-pocket expenses incurred by them to the extent that such 
 expenses exceed the amount of available proceeds not deposited in the trust account.                                                   |

| ● | Pursuant                                                                                                                                   
 to a letter agreement entered into with us, our initial shareholders, directors and officers have agreed to waive their redemption rights  
 with respect to any founder shares and public shares held by them in connection with the consummation of our initial business combination. 
 Additionally, our initial shareholders have agreed to waive their redemption rights with respect to their founder shares if we fail to     
 consummate our initial business combination within 24 months after the closing of this offering. However, if our initial shareholders      
 (or any of our directors, officers or affiliates) acquire public shares, they will be entitled to liquidating distributions from the       
 trust account with respect to such public shares if we fail to consummate our initial business combination within the prescribed time      
 frame. If we do not complete our initial business combination within such applicable time period, the proceeds of the sale of the private  
 units held in the trust                                                                                                                    |

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account will be used to fund the redemption of our public shares, and the private units will expire worthless. With certain limited exceptions, pursuant to such letter agreement, our initial shareholders, directors and officers have agreed not to transfer, assign or sell and of their founder shares until the earlier of: (1) one year after the completion of our initial business combination; and (2) subsequent to our initial business combination (x) if the last reported sale price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share capitalization, share subdivisions, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination or (y) the date on which we complete a