Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 309

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 309
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 were made
to our Sponsor, executive officers or our or their affiliates.

After 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 proxy solicitation materials furnished to our
shareholders. It is unlikely the amount of such compensation will be known at the time of a shareholder meeting held to consider an initial
business combination, as it will be up to the directors of the post-combination business to determine executive and director compensation.
In this event, such compensation will be publicly disclosed at the time of its determination in a Current Report on Form 8-K, as required
by the SEC.

All ongoing and future transactions
between us and any of our officers and directors or their respective affiliates will be on terms believed by us to be no less favorable
to us than are available from unaffiliated third parties. Such transactions will require prior approval by a majority of our uninterested
“independent” directors or the members of our Board of Directors who do not have an interest in the transaction, in either
case who had access, at our expense, to our attorneys or independent legal counsel. We will not enter into any such transaction unless
our disinterested “independent” directors determine that the terms of such transaction are no less favorable to us than those
that would be available to us with respect to such a transaction from unaffiliated third parties.

Administrative Services Agreement

We will enter into an Administrative
Services Agreement with our Sponsor pursuant to which we will pay a total of $30,000 per month to our Sponsor for company administration,
office space, 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 $720,000 ($30,000 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,