Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 278

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 278
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 agreement
to be signed prior to or on the effective date of this offering. The holders of a majority of these securities are entitled to make up to
three demands that we register such securities. The holders of a majority of these
securities or units issued in payment of working capital loans made to us can elect to exercise these registration rights at any time after we consummate a
business combination. In addition, the holders have certain “piggy-back” registration
rights with respect to registration statements filed subsequent to our consummation of a business combination. We will bear the expenses incurred in connection
with the filing of any such registration statements.

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As more fully discussed in “Management and Advisors — Conflicts of Interest,” if any
of our directors or officers becomes aware of a business combination opportunity that
falls within the line of business of any entity to which he or she has then-current fiduciary or contractual obligations, he or she may be required to present such business
combination opportunity to such entity prior to presenting such business combination
opportunity to us. Our directors and officers currently have certain relevant fiduciary
duties or contractual obligations that may take priority over their duties to us. We do not believe, however, based on the other companies with which our directors and officers are affiliated
and their respective businesses, that any of the foregoing fiduciary duties or contractual obligations will materially
affect our ability to identify and pursue business combination opportunities or complete
our initial business combination.

We will enter into an Administrative
Services Agreement with our Sponsor, pursuant to which we will pay a total of $20,000 per month for company administration, office space,
utilities, and secretarial and administrative support to such affiliate. Upon completion of our initial business combination or our liquidation,
we will cease paying these monthly fees. Accordingly, in the event the consummation of our initial business combination takes the maximum
24 months, our Sponsor will be paid a total of $480,000 per year ($20,000 per month) for company administration, office space, utilities,
and secretarial and administrative support.

Other than the foregoing and as described in this paragraph, no compensation or fees
of any kind, including finder’s, consulting fees and other similar fees, will be paid to our Sponsor, members of
our management team or their respective affiliates, for services rendered prior to
or in connection with the consummation of our initial business combination (regardless
of the type of