Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 350

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 350
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. There are no other taxes likely to be material to us levied by the Government of the Cayman
Islands except for stamp duties which may be applicable on instruments executed in, or, after execution, brought within the jurisdiction
of the Cayman Islands. No stamp duty is payable in the Cayman Islands on the issue of shares by, or any transfers of shares of, Cayman
Islands companies (except those which hold interests in land in the Cayman Islands). There are no exchange control regulations or currency
restrictions in the Cayman Islands.

Payments of dividends and capital
in respect of our securities will not be subject to taxation in the Cayman Islands and no withholding will be required on the payment
of a dividend or capital to any holder of the securities nor will gains derived from the disposal of the securities be subject to Cayman
Islands income or corporate tax.

No stamp duty is payable in
respect of the issue of the warrants or the Class A ordinary shares. An instrument of transfer in respect of a warrant or a Class A ordinary
shares is stampable if executed in or brought into the Cayman Islands.

The Company has been incorporated
under the laws of the Cayman Islands as an exempted company with limited liability and, as such, has applied for and received an undertaking
from the Financial Secretary of the Cayman Islands in a form substantially similar to the following on October 22, 2024:

<div align='center'>“The Tax Concessions Act
(Revised)
Undertaking as to Tax Concessions</div>

In accordance with the Tax Concessions
Act (Revised), the following undertaking is hereby given to the Company:

| 1. | That no law which is hereafter enacted                                                                                                
 in the Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to the Company or its operations; 
 and                                                                                                                                   |
| 2. | In addition, that no tax to be levied                                                                                                 
 on profits, income, gains or appreciations or which is in the nature of estate duty or inheritance tax shall be payable:              |

| 2.1 | On or in respect of the shares, debentures 
 or other obligations of the Company; or    |

<div align='center'>206</div>

| 2.2 | by way of the withholding in whole                                                  
 or in part of any relevant payment as defined in the Tax Concessions Act (Revised). |

These