Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 287

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 287
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encing on the date that
our securities are first listed on Nasdaq through the earlier of consummation of our initial business combination and our liquidation,
we will pay our Sponsor, a monthly fee of $30,000 per month for office space and general and administrative services until the consummation
of an initial business combination. The officers and directors shall be entitled to reimbursement from the Company for their out-of-pocket
expenses incurred and advisory fees shall be paid to the directors and advisors in connection with certain activities on the Company’s
behalf.

Except as set forth above and
in this paragraph, no compensation will be paid to our Sponsor, executive officers and directors, or any of their respective affiliates,
prior to or in connection with the consummation of our initial business combination. Additionally, these individuals will be reimbursed
for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and
performing due diligence on suitable business combinations. Our Board of Directors may also approve the payment of advisory fees to directors
in connection with such activities, including board committee service, and extraordinary administrative and analytical services. Our
independent directors will review on a quarterly basis all payments that were made to our Sponsor, executive officers, directors or our
or their affiliates.

After the completion of our
initial business combination, members of our management team who remain with us, may be paid consulting, management or other fees from
the combined company with any and all amounts being fully disclosed to shareholders, to the extent then known, in the tender offer materials
or proxy solicitation materials furnished to our shareholders in connection with a proposed business combination. It is unlikely the
amount of such compensation will be known at the time, as it will be up to the directors of the post-combination business to determine
executive and director compensation. Any compensation to be paid to our officers will be determined, or recommenced, to the Board of
Directors for determination, either by a committee constituted solely of independent directors or by a majority of the independent directors
on our Board of Directors.

We do not intend to take any
action to ensure that members of our management team maintain their positions with us after the consummation of our initial business
combination, although it is possible that some or all of our officers and directors may negotiate employment or consulting arrangements
to remain with us after the initial business combination. The existence or terms of any such employment or consulting arrangements to
retain their positions with us may influence our