Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 233

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 233
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 assets or divisions.

We are not prohibited from pursuing an initial business combination with a company
that is affiliated with our Sponsor, directors or officers, or non-managing Sponsor investors or making the acquisition through a joint venture or other form of shared ownership
with our Sponsor, directors or officers, or non-managing Sponsor investors. Accordingly, such affiliated person(s) may have a conflict of interest in determining
whether a particular target business is an appropriate business with which to effectuate
our initial business combination as such affiliated person(s) would have interests
different from our public shareholders and would likely not receive any financial
benefit unless we consummated such business combination In the event we seek to complete an initial business combination with a target that
is affiliated with our Sponsor, directors or officers, we, or a committee of independent and disinterested directors,
would obtain an opinion from an independent investment banking firm or another independent
entity that commonly renders valuation opinions that such an initial business combination
is fair to our Company from a financial point of view. We are not required to obtain
such an opinion in any other context.

In the event our Sponsor or members of our management team provide loans to us to finance transaction costs
and/or incur expenses on our behalf in connection with an initial business combination,
such persons may have a conflict of interest in determining whether a particular target
business is an appropriate business with which to effectuate our initial business
combination as such loans may not be repaid and/or such expenses may not be reimbursed
unless we consummate such business combination.

Similarly, if we agree to pay our Sponsor or a member of our management team a finder’s fee, advisory fee, consulting fee or success fee in order to effectuate the completion
of our initial business combination, such persons may have a conflict of interest
in determining whether a particular target business is an appropriate business with
which to effectuate our initial business combination as any such fee may not be paid
unless we consummate such business combination.

As more fully discussed in “Management and Advisors — Conflicts of Interest,” if any of our directors or officers becomes
aware of a business combination opportunity that falls within the line of business
of any entity to which he or she has pre-existing fiduciary or contractual obligations, he or she may be required to present such business
combination opportunity to such entity prior to presenting such business combination
opportunity to us. Our directors and officers currently have fiduciary duties or contractual
obligations that may take priority over their