Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 270

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 270
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 liquidation, merger, share exchange, reorganization or other similar transaction that results in all of our public shareholders having the right to exchange their ordinary shares for cash, securities or other property. With certain limited exceptions, the private units and the ordinary shares underlying such warrants, will not be transferable, assignable or saleable by our Sponsor until 30 days after the completion of our initial business combination. Since our Sponsor and our team may directly or indirectly own ordinary shares, rights and warrants following this offering, our directors and officers may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination.

| ● | Our directors and officers may negotiate employment or consulting                                                                        
 agreements with a target business in connection with a particular business combination. These agreements may provide for them to receive 
 compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining     
 whether to proceed with a particular business combination.                                                                               |

| ● | Our directors and officers may have a conflict of interest with                                                                         
 respect to evaluating a particular business combination if the retention or resignation of any such directors and officers was included 
 by a target business as a condition to any agreement with respect to our initial business combination                                   |

For the foregoing reasons, our Board of Directors may have a conflict of interest in determining whether
a particular target business is appropriate to effect a business combination with
the Company.

In general, executive officers and directors of a corporation incorporated under the
laws of the Cayman Islands are required to present business opportunities to a corporation
if:

| ● | the corporation could financially undertake the opportunity; |

| ● | the opportunity is within the corporation’s line of business; 
 and                                                           |

| ● | it would not be fair to the corporation and its shareholders               
 for the opportunity not to be brought to the attention of the corporation. |

Accordingly, as a result of multiple business affiliations, our officers and directors
may have similar legal obligations relating to presenting business opportunities meeting
the above-listed criteria to multiple entities. In addition, conflicts of interest
may arise when our Board of Directors evaluates a particular business opportunity
with respect to the above-listed criteria. We cannot assure you that any of the above-mentioned
conflicts will be resolved in our favor.

In order to minimize potential conflicts of interest which may arise from multiple
corporate affiliations, each of our officers and directors has contractually agreed,
pursuant to a written agreement with us,