Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 267

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 267
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aling, or to otherwise benefit
as a result of their position at the expense of the Company. However, in some instances what would otherwise be a breach of this duty
can be forgiven and/or authorized in advance by the shareholders; provided that there is full disclosure by the directors. This can be
done by way of permission granted in the amended and restated memorandum and articles of association or alternatively by shareholder approval
at general meetings.

Our team, in their capacities as directors, officers or employees of our Sponsor or its affiliates or in their other endeavors, may choose to present potential business
combinations to the related entities described above, current or future entities affiliated
with or managed by our Sponsor, or third parties, before they present such opportunities to us, subject to his or
her fiduciary duties under Cayman Islands law and any other applicable fiduciary duties.

Certain members of our team have fiduciary and contractual duties to Consilium and
to certain companies in which Consilium has invested. These entities may compete with
us for acquisition opportunities. If these entities decide to pursue any such opportunity,
we may be precluded from pursuing such opportunities. None of the members of our team
who are also employed by our Sponsor or its affiliates have any obligation to present us with any opportunity for a potential
business combination of which they become aware, subject to his or her fiduciary duties
under Cayman Islands law. Our Sponsor and members of our team are also not prohibited from Sponsoring, investing or otherwise becoming involved with, any other blank check companies,
including in connection with their initial business combinations, prior to us completing
our initial business combination, and certain of them expect to do so in the future.
Any such involvement may result in conflicts of interests as described above.

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Our directors and
officers presently have, and any of them in the future may have, additional, fiduciary or contractual obligations to other entities pursuant
to which such officer or director is or will be required to present a business combination opportunity to such entity. Accordingly, if
any of our directors or officers becomes aware of a business combination opportunity that is suitable for an entity to which he or she
has then-current fiduciary or contractual obligations, he or she may need to honor these fiduciary or contractual obligations to present
such business combination opportunity to such entity, or in the case of a non-compete restriction, may not present such opportunity to
us at all