Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 279

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 279
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 transaction that it is). However, 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 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 $20,000 per month to our Sponsor for company administration,
office space