Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 292

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 292
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 of the Nasdaq rules, all such directors are independent. As
there is no standing nominating committee, we do not have a nominating committee charter in place.

The board of directors will
also consider director candidates recommended for nomination by our shareholders during such times as they are seeking proposed nominees
to stand for appointment at the next annual general meeting (or, if applicable, an extraordinary general meeting). Our shareholders that
wish to nominate a director for appointment to our board of directors should follow the procedures set forth in our amended and restated
memorandum and articles of association.

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, our 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 our shareholders. Prior to our initial business combination, holders of our public shares will not have the right to recommend director
candidates for nomination to our board of directors.

Clawback Policy

We will adopt a compensation
recovery policy that is compliant with Nasdaq listing rules as required by the Dodd-Frank Act.

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Code of Conduct and Ethics

Upon the effectiveness of the
registration statement of which this prospectus forms a part, we will adopt a code of conduct and ethics applicable to our directors,
officers and employees in accordance with applicable federal securities laws. We will file a copy of our form of Code of Business Conduct
and our board committee charters as exhibits to the registration statement. You will be able to review these documents by accessing our
public filings at the SEC’s web site at www.sec.gov. In addition, a copy of the Code of Business Conduct will be provided
without charge upon request from us. We intend to disclose any amendments to or waivers of certain provisions of our Code of Business
Conduct in a Current Report on Form 8-K. See “Where You Can Find Additional Information.”

Conflicts of Interest

Under Cayman Islands law, directors
and officers owe fiduciary duties to the Company including the following:

| ● | duty to act in good faith in what the director or officer believes to be in the best interests of 
 the Company as a whole;                                                                           |

| ● | duty to exercise authority for the purpose for which it is conferred; |

| ● | duty to not improperly fetter