Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 229

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 229
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 more of which we may desire
to pursue as an initial business combination, but we have not (nor has anyone on our
behalf) engaged in any substantive discussions, directly or indirectly, with any business
combination target with respect to a business combination transaction with us.

As described in “Proposed Business—Sourcing of Potential Business Combination Targets” and “Management—Conflicts of Interest,” each of our officers and directors presently has, and any of them in the future
may have additional, fiduciary, contractual or other obligations or duties to one
or more other entities pursuant to which such officer or director may be required
to present a business combination opportunity to such entities. Our amended and restated
memorandum and articles of association provide that, to the fullest extent permitted
by applicable law: (i) no individual serving as a director or an officer shall have
any duty, except and to the extent expressly assumed by contract, to refrain from
engaging directly or indirectly in the same or similar business activities or lines
of business as us; and (ii) we renounce any interest or expectancy in, or in being
offered an opportunity to participate in, any potential transaction or matter which
may be a corporate opportunity for any director or officer, on the one hand, and us,
on the other. Accordingly, if any of our officers or directors becomes aware of a
business combination opportunity which is suitable for one or more entities to which
he or she has fiduciary, contractual or other obligations or duties, he or she may
be required to honor these obligations and duties to present such business combination
opportunity to such entities first, and only present it to us if such entities reject
the opportunity and he or she determines to present the opportunity to us.

We do not believe, however, based on the other companies with which our directors and officers are affiliated
and their respective businesses, that the fiduciary, contractual or other obligations or duties of our officers or
directors will materially affect our ability to complete our initial business combination.

Our initial shareholders and members of our management team may participate in the
formation of, invest in (on behalf of themselves, their affiliates or its and their
clients), or become an officer or director of, any other blank check company prior
to completion of our initial business combination. As a result, our initial shareholders
and members of our management team could have conflicts of interest in determining
whether to present business combination opportunities to us or to