Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 256

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 256
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 our ability to complete our initial business combination.

Indemnity

Our Sponsor has agreed that it will be liable to us if and to the extent any claims by a third
party (other than our independent registered public accounting firm) for services
rendered or products sold to us, or a prospective target business with which we have
discussed entering into a transaction agreement, reduce the amount of funds in the
trust account to below (1) $10.05 per public share or (2) such lesser amount per public share held in the trust account as of the date of the
liquidation of the trust account due to reductions in the value of the trust assets,
in each case net of interest which may be withdrawn to pay taxes, except as to any
claims by a third party who executed a waiver of any and all rights to seek access
to the trust account and except as to any claims under our indemnity of the underwriter of this offering against certain liabilities, including liabilities under the Securities
Act. Moreover, in the event that an executed waiver is deemed to be unenforceable
against a third party, our Sponsor will not be responsible to the extent of any liability for such third-party claims. We have not independently verified whether our Sponsor has sufficient funds to satisfy its indemnity obligations and believe that our Sponsor’s only assets are securities of our Company and, therefore, our Sponsor may not be able to satisfy those obligations. We have not asked our Sponsor to reserve for such obligations.

<div align='center'>150</div>

<div align='center'>MANAGEMENT AND ADVISORS</div>

Directors, Director Nominees, Officers and Advisors

| Name                |     | Age |     | Title                                |
| Charles Cassel      |     |  61 |     | Chief Executive Officer              |
| Vikas Mittal        |     |  45 |     | Chairman and Chief Financial Officer |
| Jonathan Binder     |     |  62 |     | Director                             |
| Christopher Bradley |     |  47 |     | Director nominee                     |

Our directors, director nominees and officers are as follows:

Charles T. Cassel III
has been Chief Executive Officer since March 28, 2025. Mr. Cassel is the co-Founder and Chief Executive Officer of CIM. Mr.
Cassel is responsible for the risk management for CIM’s investment strategies, the day-to-day operations of CIM and all non-equity
portfolio management initiatives and also serves as the Chief Compliance