Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 238

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 238
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 Luque, will expire at the third annual general meeting.

Our officers are appointed by the board of directors
and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized
to vote to appoint officers as it deems appropriate pursuant to our amended and restated memorandum and articles of association.

Director Independence

Nasdaq rules require that a majority of our
board of directors be independent within one year of our initial public offering. An “independent director” is defined generally
as a person who, in the opinion of the company’s board of directors, has no material relationship with the listed company (either
directly or as a partner, shareholder or officer of an organization that has a relationship with the company). Upon the commencement of
trading of our units on Nasdaq, we expect to have three “independent directors” as defined in Nasdaq rules and applicable
SEC rules prior to completion of this offering. Our board of directors expects to determine that Ali Bouzarif, Kevin Gold and Sanford
Litvack are “independent directors” as defined in Nasdaq listing standards and applicable SEC rules. Our independent directors
will have regularly scheduled meetings at which only independent directors are present.

Executive Officer and Director Compensation

None of our executive officers or directors have
received any cash compensation for services rendered to us. We are not prohibited from paying any fees (including advisory fees), reimbursements
or cash payments to our initial shareholders, officers or directors, or our or their affiliates, for services rendered to us prior to
or in connection with the completion of our initial business combination, including the following payments, all of which, if made prior
to the completion of our initial business combination, will be paid from funds held outside the trust account:

| · | Repayment of up to an aggregate of $250,000 in loans made to us by our sponsor to cover offering-related 
 and organizational expenses;                                                                             |

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| · | reimbursement for office space, utilities and secretarial and administrative support made available to 
 us by our sponsor, in an amount equal to $10,000 per month;                                            |

| · | Payment of consulting, success or finder fees to our initial shareholders, officers or directors, or our 
 or their affiliates, in connection with the consummation of our initial business combination;            |

| · | We may engage our sponsor or an affiliate of our sponsor as an advisor or otherwise in connection with