Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 245

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 245
---
 to commit before the shareholder meeting, would become a “continuing”
right surviving past the consummation of the business combination until the holder delivered his, her or its certificate or shares. The
requirement for physical or electronic delivery prior to the meeting ensures that a holder’s election to convert his, her or its
shares is irrevocable once the business combination is approved.

Any request to redeem such shares once made, may be withdrawn at any time up to the
vote on the proposed business combination. Furthermore, if a holder of a public share
delivered his, her or its certificate in connection with an election of such shares’ redemption and subsequently decides prior to the vote on the proposed business combination
not to elect to exercise such rights, he, she or it may simply request that the transfer
agent return the certificate or shares (physically or electronically).

If the initial business
combination is not approved or completed for any reason, then our public shareholders who elected to exercise their redemption
rights would not be entitled to redeem their shares for the applicable pro rata share of the trust account, including interest
earned thereon (net of taxes payable and less up to $100,000 for dissolution expenses) as of two (2) business days prior to the
consummation of the initial business combination. In such case, we will promptly return any certificates or shares delivered by
public holders. Furthermore, if the initial business combination is not approved or completed for any reason, then our public
shareholders who elected to exercise their redemption rights will not be entitled to convert their shares into a full pro rata
portion of the trust account, including interest earned thereon (net of taxes payable and less up to $100,000 for dissolution
expenses), as applicable. We will thereafter promptly return any shares delivered by public shareholders. In such case, public
shareholders may only share in the assets of the trust account upon our liquidation. This may result in public shareholders
receiving less than they would have received if the business combination was completed and they had exercised redemption rights in
connection therewith due to potential claims of creditors. If we would be left with less than $5,000,001 of net tangible assets as a
result of the holders of public shares properly demanding redemption of their shares, we will likely be unable to consummate a
business combination.

<div align='center'>139</div>

Liquidation if No Business Combination

Our amended and restated memorandum and articles of association provides that