Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 317

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 317
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 value for cancellation in connection with the consummation of our initial business
combination; (h) in the event of our liquidation prior to the completion of our initial business combination; or (i) in the event of
our completion of a liquidation, merger, share exchange or other similar transaction which results in all of our public shareholders
having the right to exchange their Class A ordinary shares for cash, securities or other property subsequent to our completion of
our initial business combination; provided, however, that in the case of clauses (a) through (f) these permitted
transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions
contained in the letter agreement.

The letter agreement
with our Sponsor, officers and directors that includes the transfer restrictions described in the foregoing may be amended without
shareholder approval with our written consent as well as the written consent of the Sponsor and our directors and officers to the
extent they are the subject of any change, amendment, modification or waiver to the letter agreement. The written consent of the
underwriter will also be required for an amendment of a provision of the letter agreement that subjects the Sponsor and our
directors and officers to certain of the restrictions to be included in the underwriting agreement, pursuant to which the Sponsor
and our officers and directors will agree that, for a period of 180 days from the date of this prospectus, they will not, without
the prior written consent of the underwriter, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly,
Class A ordinary shares or any other securities convertible into, or exercisable, or exchangeable for, Class A ordinary shares (for
more information on the transfer restrictions to be included in the underwriting agreement, also see
“Underwriting—Contractual Transfer Restrictions”). While we do not expect our board to approve any
amendment to the letter agreement prior to our initial business combination, it may be possible that our board, in exercising its
business judgment and subject to its fiduciary duties, chooses to approve one or more amendments to the letter agreement. Any such
amendments to the letter agreement would not require approval from our shareholders and may have an adverse effect on the value of
an investment in our securities. The formation agreement of our Sponsor provides that its interests may only be transferred to our
officers or directors or other persons affiliated with our Sponsor, or in connection with estate planning transfers.

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