Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 238

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 238
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 implicit waiver, from a provision of the Code
of Ethics applicable to our principal executive officer, principal financial officer, principal accounting officer or controller or persons
performing similar functions requiring disclosure under applicable SEC or Nasdaq rules, we will disclose the nature of such amendment
or waiver on our website. The information included on our website is not incorporated by reference into this Form S-1 or in any
other report or document we file with the SEC, and any references to our website are intended to be inactive textual references only.

Conflicts of Interest

Under Cayman Islands law, directors and officers
owe the following fiduciary duties:

| · | duty                                                                                      
 to act in good faith in what the director or officer believes to be in the best interests 
 of the company as a whole;                                                                |

| · | duty                                                                                               
 to exercise powers for the purposes for which those powers were conferred and not for a collateral 
 purpose;                                                                                           |

| · | duty                                                        
 to not improperly fetter the exercise of future discretion; |

| · | duty                                                                                          
 to exercise authority for the purpose for which it is 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,