Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 288

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 288
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 management’s motivation in identifying or selecting a target business but we do
not believe that the ability of our management to remain with us after the consummation of our initial business combination will be a
determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our officers
and directors that provide for benefits upon termination of employment.

Committees of the Board of Directors

Upon the effective date
of the Registration Statement of which this prospectus forms a part, our Board of Directors will have two standing committees: an audit
committee and a compensation committee. Each of our audit committee and our compensation committee will be composed solely of independent
directors. Each committee will operate under a charter that will be approved by our Board of Directors and will have the composition
and responsibilities described below. The charter of 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 Christopher Bradley, Dr. Jim Liew and Danel Calvillo Armendariz. Christopher
Bradley 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 Christopher Bradley 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