Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 308

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 308
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and Advisors — Conflicts of Interest,” if any of our directors or officers becomes aware of a business combination opportunity
that falls within the line of business of any entity to which he or she has then-current fiduciary or contractual obligations, he or
she may be required to present such business combination opportunity to such entity prior to presenting such business combination opportunity
to us. Our directors and officers currently have certain relevant fiduciary duties or contractual obligations that may take priority
over their duties to us. We do not believe, however, based on the other companies with which our directors and officers are affiliated
and their respective businesses, that any of the foregoing fiduciary duties or contractual obligations will materially affect our ability
to identify and pursue business combination opportunities or complete our initial business combination.

We will enter into an Administrative
Services Agreement with our Sponsor, pursuant to which we will pay a total of $30,000 per month for company administration, office space,
utilities, and secretarial and administrative support to such affiliate. Upon completion of our initial business combination or our liquidation,
we will cease paying these monthly fees. Accordingly, in the event the consummation of our initial business combination takes the maximum
24 months, our Sponsor will be paid a total of $720,000 per year ($30,000 per month) for company administration, office space, utilities,
and secretarial and administrative support.

We may, at times, pay compensation
or fees, including finder’s, consulting fees and other similar fees, to our Sponsor, members of our management team or their respective
affiliates, for services rendered prior to or in connection with the consummation of our initial business combination (regardless of
the type of transaction that it is) but no such fees are currently contemplated. In addition, such individuals will receive the repayment
of any loans from our Sponsor, officers and directors for working capital purposes and reimbursement for any out-of-pocket expenses incurred
by them in connection with activities on our behalf, such as identifying potential target businesses, performing business due diligence
on suitable target businesses and business combinations as well as traveling to and from the offices, plants or similar locations of
prospective target businesses to examine their operations. Our Board of Directors may also approve the payment of advisory fees for such
activities, including board committee service, and extraordinary administrative and analytical services. There is no limit on the amount
of out-of-pocket expenses reimbursable by us. Our independent directors will review on a quarterly basis all payments that