Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 265

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 265
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 the Board of Directors any proposed changes to the charter or the committee; and |

| ● | undertaking all further actions and discharge all further responsibilities                                                              
 imposed upon the Committee from time to time by the Board of Directors, the federal securities laws or the rules and regulations of the 
 SEC.                                                                                                                                    |

The charter will also provide that the compensation committee may, in its sole discretion,
retain or obtain the advice of a compensation consultant, independent legal counsel
or other adviser and will be directly responsible for the appointment, compensation
and oversight of the work of any such adviser. However, before engaging or receiving
advice from a compensation consultant, external legal counsel or any other adviser,
the compensation committee will consider the independence of each such adviser, including
the factors required by Nasdaq and the SEC.

Nominating and Corporate Governance Committee

Upon the effectiveness of the registration statement of which this prospectus forms
a part, we will establish a nominating and corporate governance committee of the board
of directors. The members of our nominating and corporate governance committee will
be _________________. _____________ will serve as chair of the nominating and corporate governance committee. We will
adopt a nominating and corporate governance committee charter, which will detail the
purpose and responsibilities of the nominating and corporate governance committee,
including:

| ● | developing and recommending to the Board of Directors the criteria 
 for appointment and the removal as a director;                     |

| ● | identifying, considering, recruiting and recommending candidates 
 to fill new positions on the Board of Directors;                 |

| ● | reviewing candidates recommended by shareholders; |

| ● | conducting the appropriate and necessary inquiries into the 
 backgrounds and qualifications of possible candidates; and  |

| ● | recommending director nominees for approval by the Board of            
 Directors and election by the shareholders at the next annual meeting. |

The charter will also provide that the nominating and corporate governance committee
may, in its sole discretion, retain or obtain the advice of, and terminate, any search
firm to be used to identify director candidates and will be directly responsible for
approving the search firm’s fees and other retention terms.

We have not formally established any specific, minimum qualifications that must be
met or skills that are necessary for directors to possess. In general, in identifying
and evaluating nominees for director, the Board of Directors considers educational
background, diversity of professional experience, knowledge of our business, integrity,
professional reputation, independence, wisdom, and the ability to represent the best
interests of