Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 223

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 223
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he or she has then-current fiduciary or contractual obligations, he or she may need to honor these fiduciary
or contractual obligations to present such business combination opportunity to such
entity, or in the case of a non-compete restriction, may not present such opportunity to us at all, subject to his or her
fiduciary duties under Cayman Islands law. Our directors and officers are also not
required to commit any specified amount of time to our affairs, and, accordingly,
will have conflicts of interest in allocating management time among various business
activities, including identifying potential business combinations and monitoring the
related due diligence.

For example, Mr. Binder
is the co-Founder of CIM and Chief Investment Officer and Portfolio Manager for CIM, Mr. Cassel is the co-Founder and Chief Executive
Officer of CIM. CIM is an SEC-registered investment management firm, and each of Mr. Binder and Mr. Cassel owes fiduciary duties
to CIM. In addition, all of our officers and directors are officers and directors of CSLM Acquisition Corp. (Nasdaq: CSLM), a special
purpose acquisition company focused on new economy sectors. Our Sponsor and directors and officers are also not prohibited from Sponsoring,
investing or otherwise becoming involved with, any other blank check companies, including in connection with their initial business combinations,
prior to us completing our initial business combination. Any other special purpose acquisition company may also have terms that are the
same or different than our terms, including terms that are more favorable to its investors and/or potential target businesses. Moreover,
entities in which our directors and officers are affiliated with may enter into agreements or other arrangements with businesses, which
agreements or arrangements may limit or restrict our ability to enter into a business combination with such business.

Our amended and restated
memorandum and articles of association provide that, to the fullest extent permitted by applicable law: (i) no individual serving as a
director or an officer shall have any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly
or indirectly in the same or similar business activities or lines of business as us; and (ii) we renounce any interest or expectancy in,
or in being offered an opportunity to participate in, any potential transaction or matter which may be a corporate opportunity for any
director or officer, on the one hand, and us, on the other. In addition, our amended and restated memorandum and articles of association
will contain provisions to