Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 249

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 249
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. We cannot assure you that claims will not be
brought against us for these reasons.

Amended and Restated Memorandum and Articles of Association

Our amended and restated memorandum and articles of association will contain certain
requirements and restrictions relating to this offering that will apply to us until
the consummation of our initial business combination. These provisions cannot be amended
without the approval of a majority of our shareholders. If we seek to amend any provisions
of our amended and restated memorandum and articles of association that would stop
our public shareholders from converting or selling their shares to us in connection
with a business combination or affect the substance or timing of our obligation to
redeem 100% of our public shares if we do not complete a business combination within
24 months from the closing of this offering, we will provide dissenting public shareholders
with the opportunity to convert their public shares in connection with any such vote.
This redemption right shall apply in the event of the approval of any such amendment,
whether proposed by our Sponsor, any executive officer, director or director nominee,
or any other person. Our initial shareholders have agreed to waive any redemption
rights with respect to their founder shares and private shares held by them, and the Sponsor has agreed to waive its redemption rights with
respect to any public shares it may hold, in each case in connection with any vote
to amend our amended and restated memorandum and articles of association. Specifically,
our amended and restated memorandum and articles of association provides, among other
things, that:

| ● | we shall either (1) seek shareholder approval of our initial                                                                                                                  
 business combination at a meeting called for such purpose at which shareholders may seek to redeem their shares, regardless of whether                                        
 they vote for or against the proposed business combination, into their pro rata share of the aggregate amount then on deposit in the                                          
 trust account, including interest earned thereon (net of taxes payable), or (2) provide our shareholders with the opportunity to sell their shares to us by means of a tender 
 offer (and thereby avoid the need for a shareholder vote) for an amount equal to their pro rata share of the aggregate amount then on                                         
 deposit in the trust account (net of taxes payable), in each case subject to the limitations described herein;                                                                |

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| ● | we will consummate our initial business combination only if                                                                                
 we have net tangible assets of at least $5,000,001 upon such consummation