Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 300

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 300
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Where the merger or consolidation involves a foreign company, the procedure is similar,
save that with respect to the foreign company, the directors of the Cayman Islands
company are also required to make a declaration to the effect that, having made due
enquiry, they are of the opinion that certain requirements have been met, including
the following requirements: (i) that the merger or consolidation is permitted or not
prohibited by the constitutional documents of the foreign company and by the laws
of the jurisdiction in which the foreign company is incorporated, and that those laws
and any requirements of those constitutional documents have been or will be complied
with; (ii) that no petition or other similar proceeding has been filed and remains
outstanding or order made or resolution adopted to wind up or liquidate the foreign
company in any applicable jurisdictions; (iii) that no receiver, trustee, administrator
or other similar person has been appointed in any jurisdiction and is acting in respect
of the foreign company, its affairs or its property or any part thereof; (iv) that
no scheme, order, compromise or other similar arrangement has been entered into or
made in any jurisdiction whereby the rights of creditors of the foreign company are
and continue to be suspended or restricted; and (v) there is no other reason why it
would be against the public interest to permit the merger or consolidation.

Where the surviving company is the Cayman Islands exempted company, the directors
of the Cayman Islands exempted company are further required to make a declaration
to the effect that, having made due enquiry, they are of the opinion that the following
requirements have been met: (i) that the foreign company is able to pay its debts
as they fall due and that the merger or consolidation is bona fide and not intended
to defraud unsecured creditors of the foreign company; (ii) that in respect of the
transfer of any security interest granted by the foreign company to the surviving
or consolidated company (A) consent or approval to the transfer has been obtained,
released or waived; (B) the transfer is permitted by and has been approved in accordance
with the constitutional documents of the foreign company; and (C) the laws of the
jurisdiction of the foreign company with respect to the transfer have been or will
be complied with; and (iii) that the foreign company will, upon the merger or consolidation
becoming effective, cease to be incorporated, registered or exist under the laws of
the relevant foreign