Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 327

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 327
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 the name of any                   
 person was entered on the register as a member; and |

| ● | the date on which any person ceased 
 to be a member.                     |

For these purposes, “voting
rights” means rights conferred on shareholders, including the right to appoint directors, in respect of their shares to vote at
general meetings of the Company on all or substantially all matters. A voting right is conditional where the voting right arises only
in certain circumstances.

Under Cayman Islands law,
the register of members of our Company is prima facie evidence of the matters set out therein (i.e. the register of members will raise
a presumption of fact on the matters referred to above unless rebutted) and a member registered in the register of members will be deemed
as a matter of Cayman Islands law to have legal title to the shares as set against its name in the register of members. Upon the closing
of this public offering, the register of members will be immediately updated to reflect the issue of shares by us. Once our register
of members has been updated, the shareholders recorded in the register of members will be deemed to have legal title to the shares set
against their name. However, there are certain limited circumstances where an application may be made to a Cayman Islands court for a
determination on whether the register of members reflects the correct legal position. Further, the Cayman Islands court has the power
to order that the register of members maintained by a company should be rectified where it considers that the register of members does
not reflect the correct legal position. If an application for an order for rectification of the register of members were made in respect
of our ordinary shares, then the validity of such shares may be subject to re-examination by a Cayman Islands court.

Dividends

We have not paid any cash dividends
on our shares to date and do not intend to pay cash dividends prior to the completion of a business combination. The payment of cash
dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition
subsequent to completion of a business combination. The payment of any dividends subsequent to a business combination will be within
the discretion of our then Board of Directors. It is the present intention of our Board of Directors to retain all earnings, if any,
for use in our business operations and, accordingly, our Board of Directors does not anticipate declaring any dividends in the foreseeable
future.

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