Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 280

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 280
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, utilities, and secretarial and administrative support. Upon the earlier of consummation of our initial business combination
and our liquidation, we will cease paying these monthly fees. Accordingly, in the event the consummation of our initial business combination
takes 24 months, our Sponsor will be paid a total of $480,000 ($20,000 per month) for these services.

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Related Party Policy

We have not yet adopted a formal policy for the review, approval or ratification of
related party transactions. Accordingly, the transactions discussed above were not
reviewed, approved or ratified in accordance with any such policy.

Prior to the closing of this offering, we will adopt our Code of Ethics requiring
us to avoid, wherever possible, 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