Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 262

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 262
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 each committee
will be available on our website following the closing of this offering.

Audit Committee

We will establish and maintain an audit committee, which will be composed entirely
of independent directors as and when required by the rules of Nasdaq and Rule 10A of the Exchange Act. The members of our audit committee will be _____________________. _______ will serve as chair of the audit committee.

Each member of the audit committee is financially literate and our board of directors
has determined that qualifies as an “audit committee financial expert” as defined in applicable SEC rules
and has accounting or related financial management expertise.

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We will adopt an audit committee charter, which will detail the purpose and principal
functions of the audit committee, including:

| ● | assisting the Board of Directors in the oversight of (1)                                                                                          
 the accounting and financial reporting processes of the Company and the audits of the financial statements of the Company, (2) the preparation    
 and integrity of the financial statements of the Company, (3) the compliance by the Company with financial statement and regulatory requirements, 
 (4) the performance of the Company’s internal finance and accounting personnel and its independent registered public accounting                   
 firms, and (5) the qualifications and independence of the Company’s independent registered public accounting firms;                               |

| ● | reviewing with each of the internal and independent registered                                                                         
 public accounting firms the overall scope and plans for audits, including authority and organizational reporting lines and adequacy of 
 staffing and compensation;                                                                                                             |

| ● | reviewing and discussing with management and internal auditors                                                                 
 the Company’s system of internal control and discussing with the independent registered public accounting firm any significant 
 matters regarding internal controls over financial reporting that have come to its attention during the conduct of its audit;  |

| ● | reviewing and discussing with management, internal auditors                                                                            
 and the independent registered public accounting firm the Company’s financial and critical accounting practices, and policies relating 
 to risk assessment and management;                                                                                                     |

| ● | receiving and reviewing reports of the independent registered                                                                                    
 public accounting firm and discussing 1) all critical accounting policies and practices to be used in the firm’s audit of the Company’s          
 financial statements, 2) all alternative treatments of financial information within GAAP that have been discussed with management, ramifications 
 of the use of such alternative disclosures and treatments, and the treatment preferred by the independent registered public accounting           
 firm, and 3) other material written communications between the independent registered public accounting firm and