Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 276

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 276
---
 by the
Companies Law. The Companies Law is modeled on English law but does not follow recent English law statutory enactments, and differs from
laws applicable to United States corporations and their shareholders. Set forth below is a summary of the material differences between
the provisions of the Companies Law applicable to us and the laws applicable to companies incorporated in the United States and
their shareholders.

Mergers and Similar Arrangements.In certain circumstances, the Companies Law allows for mergers or consolidations between two Cayman
Islands companies, or between a Cayman Islands company and a company incorporated in another jurisdiction (provided that is facilitated
by the laws of that other jurisdiction).

Where the merger or consolidation is between
two Cayman Islands companies, the directors of each company must approve a written plan of merger or consolidation containing certain
prescribed information. That plan or merger or consolidation must then be authorized by either (i) a special resolution of the shareholders
of each company; and (ii) such other authorization, if any, as may be specified in such constituent company’s articles of
association. No shareholder resolution is required for a merger between a parent company (i.e., a company that holds issued shares that
together represent 90% of the votes at a general meeting of the subsidiary company) and its subsidiary company, provided the parent company
is the surviving entity and a copy of the plan of merger is given to every member of each subsidiary company to be merged unless that
member agrees otherwise. The consent of each holder of a fixed or floating security interest of a constituent company must be obtained,
unless the court waives such requirement. If the Cayman Islands Registrar of Companies is satisfied that the requirements of the Companies
Law (which includes certain other formalities) have been complied with, the Registrar of Companies will register the plan of merger or
consolidation.

Where the merger or consolidation involves a
foreign company, the procedure is similar, save that with respect to the foreign company, the directors of the Cayman Islands company
are also required to make a declaration to the effect that, having made due enquiry, they are of the opinion that certain requirements
have been met, including the following requirements: (i) that the merger or consolidation is permitted or not prohibited by the
constitutional documents of the foreign company and by the laws of the jurisdiction in which the foreign company is incorporated, and
that those laws and any requirements of those constitutional documents have been or will be complied with; (ii) that no petition