Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 234

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 234
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 or recommended to the board of directors for determination, either by a compensation committee constituted
solely by 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
our 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 commencement of trading of our units
on Nasdaq, our board of directors will establish two standing committees: an audit committee and a compensation committee. Subject to
phase-in rules, the rules of Nasdaq and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company
be comprised solely of independent directors. Each committee will operate under a charter that will be approved by our board and will
have the composition and responsibilities described below.

Audit Committee

Upon the commencement of trading of our units
on Nasdaq, our board of directors will establish an audit committee of the board of directors. Ali Bouzarif, Kevin Gold and Sanford Litvack
will serve as the members of our audit committee. Under the Nasdaq listing standards and applicable SEC rules, we are required to have
three members of the audit committee, all of whom must be independent. Ali Bouzarif, Kevin Gold and Sanford Litvack are each independent.

Ali Bouzarif will serve as the chair of the audit
committee. Each member of the audit committee is financially literate and our board of directors has determined that Ali Bouzarif qualifies
as an “audit committee financial expert” as defined in applicable SEC rules.

We will adopt an audit committee charter, which
will detail the principal functions of the audit committee, including:

| · | assisting                                                                                         
 board oversight of (1) the integrity of our financial statements, (2) our compliance              
 with legal and regulatory requirements, (3) our