Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 291

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 291
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 long-term incentive compensation plans, including                                  
 the use of stock options and other equity-based plans, and, except as otherwise delegated by the Board of Directors, acting as the 
 “Plan Administrator” for equity-based and employee benefit plans;                                                                  |

| ● | approving all special perquisites, special cash payments and other special compensation and benefit 
 arrangements for the Company’s executive officers and employees;                                    |

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| ● | reviewing periodic reports from management on matters relating to the Company’s personnel appointments 
 and practices;                                                                                         |

| ● | assisting management in complying with the Company’s proxy statement and annual report disclosure 
 requirements;                                                                                     |

| ● | issuing an annual Report of the Compensation Committee on Executive Compensation for the Company’s 
 annual proxy statement in compliance with applicable SEC rules and regulations;                    |

| ● | annually evaluating the committee’s performance and the committee’s charter and recommending 
 to the Board of Directors any proposed changes to the charter or the committee; and          |

| ● | undertaking all further actions and discharging 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.

Director Nominations

We do not have a standing
nominating committee though we intend to form a corporate governance and nominating committee as and when required to do so by law or
Nasdaq rules. In accordance with Rule 5605(e)of the Nasdaq rules, a majority of the independent directors may recommend a director nominee
for selection by our board of directors. Our board of directors believes that the independent directors can satisfactorily carry out
the responsibility of properly selecting or approving director nominees without the formation of a standing nominating committee. The
directors who will participate in the consideration and recommendation of director nominees are Christopher Bradley, Dr. Jim Kyung-Soo
Liew and Danel Calvillo Armendariz. In accordance with Rule 5605(e)(1)(A)