This doesn't do what you think it does.  You are setting O_CLOEXEC
on the fd for /dev/ptm (which is immediately closed), not on the
pty master or slave fds.  You will need to explicitly set the
close-on-exec flag on the master using something like:

    fcntl(ptm.cfd, F_SETFD, FD_CLOEXEC);

 - todd

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