Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 275

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 275
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 period of time than non-managing Sponsor investors, the non-managing Sponsor investors’ lock-up period shall be reduced to the shortest lock-up period or terminated, as
the case may be, unless such exclusion from the lock-up obligations is required in
compliance with the listing rules of Nasdaq or any other national stock exchange.

<div align='center'>162</div>

Notwithstanding the
foregoing, during their respective lock-up periods, the initial shareholders may transfer, assign or sell any of the aforenamed
securities (1) amongst the Sponsor and its affiliates, to our executive officers or directors, or to any affiliate or family member
of any of our executive officers or directors, (2) in the case of an entity, as a distribution to its partners, shareholders or
members upon its liquidation, (3) in the case of an individual, (i) by bona fide gift to such person’s immediate family or to
a trust, the beneficiary of which is a member of such person’s immediate family, an affiliate of such person or to a
charitable organization, (ii) by virtue of the laws of descent and distribution upon the death of such person, (iii) pursuant to a
qualified domestic relations order, (4) by certain pledges to secure obligations incurred in connection with purchases of the
Company’s securities, (5) through private sales or transfers made in connection with the consummation of our initial business
combination at prices no greater than the price at which such securities were originally purchased, or (6) to us for no value for
cancellation in connection with the consummation of our initial business combination; provided, that, in each such case
(except clause (6)), these transferees (the “permitted transferees”) shall enter into a written agreement with us
agreeing to be bound by the transfer restrictions agreed to by the original holder in connection with the purchase of the securities
being transferred.

Registration Rights

Our initial shareholders, the non-managing Sponsor investors and their permitted transferees can demand that we register the founder
shares, the private units and underlying securities and any securities issued upon conversion of working capital
loans, pursuant to an agreement to be signed prior to or on the date of this prospectus.
The holders of a majority of these securities are entitled to make up to three demands
that we register such securities. The holders of a majority of these securities or
units issued in payment of working capital loans made to