Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 310

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 310
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 all conflicts of interests, except under guidelines
or resolutions approved by our board of directors (or the appropriate committee of our board of directors) or as disclosed in our public
filings with the SEC. Under our Code of Ethics, conflict of interest situations will include any financial transaction, arrangement or
relationship (including any indebtedness or guarantee of indebtedness) involving the Company.

In addition, our audit committee,
pursuant to a written charter that we will adopt prior to the consummation of this offering, will be responsible for reviewing and approving
related party transactions to the extent that we enter into such transactions. An affirmative vote of a majority of the members of the
audit committee present at a meeting at which a quorum is present will be required in order to approve a related party transaction. A
majority of the members of the entire audit committee will constitute a quorum. Without a meeting, the unanimous written consent of all
of the members of the audit committee will be required to approve a related party transaction. Our audit committee will review on a quarterly
basis all payments that were made to our Sponsor, directors or officers, or our or any of their respective affiliates.

These procedures are intended
to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on
the part of a director, employee or officer.

To further minimize conflicts
of interest, we have agreed not to consummate an initial business combination with an entity that is affiliated with any of our Sponsor,
directors or officers unless we, or a committee of independent and disinterested directors, have obtained an opinion from an independent
investment banking firm or another independent entity that commonly renders valuation opinions that our initial business combination
is fair to our Company from a financial point of view. Unless we complete our initial business combination with an affiliated entity,
we are not required to obtain an opinion that the price we are paying is fair to our Company from a financial point of view. We will
also make the following payments, none of which will be made from the proceeds of this offering and the sale of the private units held
in the trust account prior to the completion of our initial business combination:

| ● | Repayment of an aggregate of up to $300,000 in loans made to us by our Sponsor to cover offering-related 
 and organizational expenses;                                                                             |

| ● | payment to our Sponsor of a total of $30,000 per month                                                                      
 for company administration, office space, utilities, and secretarial and