Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 261

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 261
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 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 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 three standing committees: an audit committee;
a compensation committee; and a nominating and corporate governance committee. Each
of our audit committee, our compensation committee and our nominating and corporate
governance 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