Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 296

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 296
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 capital in respect
of our securities will not be subject to taxation in the Cayman Islands and no withholding will be required on the payment of a dividend
or capital to any holder of the securities nor will gains derived from the disposal of the securities be subject to Cayman Islands income
or corporate tax.

No stamp duty is payable in respect of the issue
of the warrants, the units or the Class A ordinary shares. An instrument of transfer in respect of a warrant, a unit or a Class A
ordinary share is stampable if executed in or brought into the Cayman Islands.

The company has been incorporated under the laws
of the Cayman Islands as an exempted company with limited liability and, as such, has applied for and received an undertaking from the
Financial Secretary of the Cayman Islands in a form substantially similar to the following on November 1, 2024:

<div align='center'>“The Tax Concessions Law
Undertaking as to Tax Concessions</div>

In accordance with the Tax Concessions Law, the
following undertaking is hereby given to the Company:

| (a) | That no Law which is hereafter enacted                                                        
 in the Islands imposing any tax to be levied on profits, income, gains or appreciations shall 
 apply to the Company or its operations; and                                                   |

| (b) | In addition, that no tax to be levied                                                              
 on profits, income, gains or appreciations or which is in the nature of estate duty or inheritance 
 tax shall be payable:                                                                              |

| (i) | on or in respect of the shares, debentures 
 or other obligations of the Company; or    |

| (ii) | by way of the withholding in whole                                        
 or in part of any relevant payment as defined in the Tax Concessions Law. |

These concessions shall be for a period of 30 years
from the 1st day of November 2024.”

United States Federal Income Tax Considerations

General

The following discussion summarizes certain United States
federal income tax considerations generally applicable to the acquisition, ownership and disposition of our units (each consisting of
one Class A ordinary share and one-half of one redeemable warrant) that are purchased in this offering by U.S. Holders (as
defined below) and Non-U.S. Holders (as defined below). Because the components of a unit are generally separable at the option of
the holder, the holder of a unit generally should be treated, for