Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 295

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 295
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 submit to such jurisdiction,
which jurisdiction will be the exclusive forum for any such action, proceeding or
claim. See “Risk Factors — Our warrant agreement will designate the courts of the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of our warrants, which could limit the ability of warrant holders to obtain a favorable judicial forum for disputes with our Company.” This provision applies to claims under the Securities Act but does not apply to claims
under the Exchange Act or any claim for which the federal district courts of the United
States of America are the sole and exclusive forum.

Private Warrants

The private warrants and working capital warrants will be identical to the public warrants sold in this offering except that, so long as they are held by our Sponsor or its permitted transferees, the private warrants and working capital warrants
(i) may not (including the Class A ordinary shares issuable upon exercise of these warrants), subject to certain limited
exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, and (ii) will be entitled to registration. Amending our warrant agreement will require a vote
of holders of at least 50% of the private warrants or working capital warrants (including,
for the avoidance of doubt, the forfeiture or cancellation of any private warrants
or working capital warrants) solely with respect to any amendment to the terms of
the private warrants or working capital warrants. All other modifications or amendments require the vote or written consent the holders
of at least 50% of the then-outstanding public warrants.

Rights

Except in cases where we are not the surviving company in a business combination,
each holder of a right will automatically receive one-twentieth (1/20) of one Class A ordinary share upon consummation of our initial business combination,
even if the holder of a public right redeemed all Class A ordinary shares held by
it in connection with the initial business combination or an amendment to our amended
and restated memorandum and articles of association with respect to our pre-business
combination activities. In the event we will not be the surviving company upon completion
of our initial business combination, each holder of a right will be required to affirmatively
convert its rights in order to receive the one-twentieth (1/20) of one Class A ordinary share underlying each right upon consummation of the business
combination. No additional consideration will be