Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 243

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 243
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 conferred and a duty to exercise powers 
 fairly as between different sections of shareholders;                                         |

| · | duty                                                                                       
 not to put themselves in a position in which there is a conflict between their duty to the 
 company and their personal interests; and                                                  |

| · | duty                              
 to exercise independent judgment. |

In addition to the above, directors also owe
a duty of care which is not fiduciary in nature. This duty has been defined as a requirement to act as a reasonably diligent person having
both the general knowledge, skill and experience that may reasonably be expected of a person carrying out the same functions as are carried
out by that director in relation to the company and the general knowledge, skill and experience of that director.

As set out above, directors have a duty not to
put themselves in a position of conflict and this includes a duty not to engage in self-dealing, or to otherwise benefit as a result
of their position at the expense of the company. However, in some instances what would otherwise be a breach of this duty can be forgiven
and/or authorized in advance by the shareholders provided that there is full disclosure by the directors. This can be done by way of
permission granted in the memorandum and articles of association or alternatively by shareholder approval at general meetings. Each of
our officers and directors presently has, and any of them in the future may have additional, fiduciary, contractual or other obligations
or duties to one or more other entities, including CGC II, pursuant to which such officer or director is or will be required to present
a business combination opportunity to such entities. Accordingly, if any of our officers or directors becomes aware of a business combination
opportunity which is suitable for an entity to which he or she has then current fiduciary or contractual obligations, including CGC II,
he or she will honor his or her fiduciary or contractual obligations to present such business combination opportunity to such other entity,
subject to their fiduciary duties under Cayman Islands law. Our amended and restated memorandum and articles of association provide that,
to the fullest extent permitted by law: (i) no individual serving as a director or an officer, among other persons, shall have any
duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar
business activities or lines of business as us, and (ii) we renounce any interest or expectancy in, or in being offered an opportunity
to participate in, any