Document:

Exhibit 10.1

 

THIS PROMISSORY NOTE (THIS “NOTE”)
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).  THIS NOTE HAS
BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF
UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE MAKER THAT SUCH REGISTRATION
IS NOT REQUIRED.  

 

PROMISSORY NOTE

 

	Principal Amount:  Up to $250,000	Dated as of December 31, 2020

 

Cartesian Growth Corporation,
a Cayman Islands exempted company (the “Maker”), promises to pay to the order of CGC Sponsor LLC, a Cayman Islands
limited liability company, or its registered assigns or successors in interest (the
“Payee”), or order, the principal sum of Two Hundred Fifty Thousand Dollars ($250,000), or such lesser amount
as shall have been advanced by Payee to Maker and shall remain unpaid under this Note, in lawful money of the United States of
America, on the terms and conditions described below.  All payments on this Note shall be made by check or wire transfer
of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to time designate
by written notice in accordance with the provisions of this Note.

 

1. Principal. The
principal balance of Note shall be payable on the earlier of: (i) June 30, 2021 and (ii) the date on which Maker consummates an
initial public offering of its securities (the “IPO”). The principal balance may be prepaid at any time.
Under no circumstances shall any individual, including but not limited to any officer, director, employee or shareholder of the
Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

 

2.
Interest. No interest shall accrue on the unpaid principal balance of this Note.

 

3. Drawdown
Requests. The principal of this Note may be drawn down from time to time prior to the earlier of: (i) June 30,
2021 and (ii) the date on which Maker consummates the IPO, upon request from Maker to Payee (each, a “Drawdown Request”).
Payee shall fund each Drawdown Request within two (2) business days after receipt of a Drawdown Request; provided, however,
that the maximum amount of drawdowns collectively under this Note is Two Hundred Fifty Thousand Dollars ($250,000). Once an amount
is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other
amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.

 

4. Application
of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum
due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges
and finally to the reduction of the unpaid principal balance of this Note.

 

     

     

    

 

5. Events
of Default. The following shall constitute an event of default (“Event of Default”):

 

(a) Failure
to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business
days of the date specified in Section 1 above.

 

(b) Voluntary
Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or
the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts
become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 

(c) Involuntary
Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker
in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering
the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period
of 60 consecutive days.

 

6. Remedies.

 

(a) Upon
the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note
to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable thereunder,
shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b) Upon
the occurrence of an Event of Default specified in Sections 5(b) or 5(c), the unpaid principal balance of this Note, and all other
sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action
on the part of Payee.

 

7. Waivers. Maker
and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest,
and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under
the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property,
real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution,
or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any
real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued hereon, may
be sold upon any such writ in whole or in part in any order desired by Payee.

 

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8. Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other
party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted
by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors,
or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

9. Notices. 
All notices, statements or other documents which are required or contemplated by this Agreement shall be in writing and delivered:
(i) personally or sent by first class registered or certified mail, overnight courier service to the address designated in writing
by such party, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may
be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such
party or such other electronic mail address as may be designated in writing by such party.  Any notice or other communication
so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following
receipt of written confirmation, if sent by facsimile or electronic mail, one (1) business day after delivery to an overnight courier
service or five (5) days after mailing if sent by mail.

 

10. Construction. THIS
NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS
THEREOF.

 

11. Severability. Any
provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

12. Trust
Waiver.  Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest
or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in which
the proceeds of the IPO and the proceeds of the sale of the units issued in private placements to occur prior to the consummation
of the IPO are to be deposited, as described in greater detail in the registration statement and prospectus to be filed with the
Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or
satisfaction for any Claim against the trust account for any reason whatsoever.

 

13. Amendment;
Waiver.  Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent
of the Maker and the Payee.

 

14. Assignment.  No
assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law
or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required consent
shall be void.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF,
Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year
first above written.

 

	 	CARTESIAN GROWTH CORPORATION
	 	 	 
	 	By:	/s/ Peter Yu
	 	Name: 	Peter Yu
	 	Title:	Chief Executive Officer

 

[Signature
Page to Promissory Note]Exhibit 10.2

 

Cartesian
Growth Corporation

PO
Box 309, Ugland House

Grand
Cayman

KY1-1104

Cayman
Islands

 

December
31, 2020

 

CGC
Sponsor LLC

Maples
Corporate Services Limited

PO
Box 309, Ugland House

Grand
Cayman

KY1-1104

Cayman
Islands

 

RE:
Securities Purchase Agreement

 

Ladies
and Gentlemen:

 

We
are pleased to accept the offer you (the “Subscriber”) have made to purchase an aggregate of 7,187,500 Class
B ordinary shares (the “Founder Shares”) of par value $0.0001 per share, up to 937,500 of which Founder Shares
are subject to complete or partial forfeiture (the “forfeiture”) if the underwriters of the initial public
offering (“IPO”) of Cartesian Growth Corporation, a Cayman Islands exempted company (the “Company”)
do not fully exercise their over-allotment option (the “Over-allotment Option”). For the purposes of this Agreement
(this “Agreement”), references to “Ordinary Shares” are to, collectively, the Class B ordinary
shares of the Company, including the Founder Shares, and the Class A ordinary shares of the Company, $0.0001 par value per share
(the “Class A Ordinary Shares”). Pursuant to the Company’s memorandum and articles of association (the
“Articles”), the Founders Shares will automatically convert into Class A Ordinary Shares, upon the terms and
conditions set forth in the Articles and unless the context otherwise requires, as used herein, Founder Shares shall be deemed
to include any Class A Ordinary Shares issued upon conversion of the Founder Shares. The terms on which the Company is willing
to sell the Founder Shares to the Subscriber, and the Company’s and the Subscriber’s agreements regarding such Founder
Shares, are as follows:

 

1.
Purchase of Founders Shares. For the aggregate sum of $25,000 (the “Purchase Price”), which the Company
acknowledges receiving in cash, the Company hereby sells and issues to the Subscriber, and the Subscriber hereby purchases from
the Company 7,187,500 Founder Shares, for a purchase price of approximately $0.003 per share, to be issued fully paid but subject
to forfeiture by the Subscriber, on the terms and subject to the conditions set forth in this Agreement. Following the Subscriber’s
execution of this Agreement and if the Subscriber so requests, the Company shall deliver to the Subscriber a share certificate
(the “Original Certificate”) evidencing the Founder Shares registered in the Subscriber’s name pursuant
to its subscription under this Agreement.

 

     

     

    

 

2.
Representations, Warranties and Agreements.

 

2.1
Subscriber’s Representations, Warranties and Agreements. To induce the Company to issue the Founder Shares to the
Subscriber, the Subscriber hereby represents and warrants to the Company and agrees with the Company as follows:

 

2.1.1.
No Government Recommendation or Approval. The Subscriber understands that no United States federal or state agency or similar
agency of any other country has passed upon or made any recommendation or endorsement of the offering of the Founder Shares.

 

2.1.2.
No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Subscriber of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (i) the registration statement or limited
liability company agreement of the Subscriber; (ii) any agreement, indenture or instrument to which the Subscriber is a party;
or (iii) any law, statute, rule or regulation to which the Subscriber is subject, or any agreement, order, judgment or decree
to which the Subscriber is subject.

 

2.1.3.
Organization and Authority. The Subscriber is a limited liability company duly formed, validly existing and in good
standing under the laws of the Cayman Islands and possesses all requisite power and authority necessary to carry out the transactions
contemplated by this Agreement.

 

2.1.4
Experience, Financial Capability and Suitability. The Subscriber is sufficiently experienced in financial and business
matters to be capable of evaluating the merits and risks of this investment and to make an informed decision relating thereto.
The Subscriber is aware its investment in the Company is a speculative investment that has limited liquidity, because there may
never be an established market for the Company’s securities. The Subscriber has the financial capability for making the
investment and the investment is a suitable one for the Subscriber. The Subscriber can, without impairing its financial condition,
hold the Founder Shares for an indefinite period of time and can afford a complete loss of the investment. The Subscriber acknowledges
that the Company has urged the Subscriber to seek independent advice from professional advisors relating to the suitability of
an investment in the Company and in connection with this Agreement, and that the Subscriber has sought and received such independent
professional advice with respect to such investment and this Agreement or, after careful consideration, the Subscriber has determined
to waive its right to seek and/or receive such independent professional advice.

 

2.1.5.
Access to Information. Prior to the execution of this Agreement, the Subscriber has had the opportunity to ask questions
of and receive answers from representatives of the Company concerning an investment in the Company, as well as the finances, operations,
business and prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of all information
so obtained.

 

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2.1.6.
Private Offering. The Subscriber represents that it is (a) an “accredited investor” as such term is defined
in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) or (b) not
a “U.S. Person” as defined in Rule 902 of Regulation S (“Regulation S”) under the Securities Act.
The Subscriber acknowledges the sale contemplated hereby is being made in reliance on a private placement exemption to “Accredited
Investors” within the meaning of Section 501(a) of Regulation D under the Securities Act or similar exemptions under state
law or to a non-U.S. Person under Regulation S. Accordingly, the Founder Shares will be “restricted securities” within
the meaning of Rule 144(a)(3) under the Securities Act, and therefore, other than the transfer by the Subscriber of the aggregate
amount of 75,000 Founder Shares to the independent directors of the Company pursuant to securities assignment agreements to be
entered into by the Subscriber and each such independent director (the “Independent Director Founder Shares Transfers”),
may not be offered, pledged or sold by the Subscriber, directly or indirectly, in the United States without registration under
United States federal and state securities laws or an exemption therefrom and the Subscriber understands the certificates representing
the Founder Shares will contain a legend in respect of such restrictions. The Subscriber did not decide to enter into this Agreement
as a result of any general solicitation or general advertising within the meaning of Rule 502 under the Securities Act or as a
result of any “directed selling efforts” within the meaning of Rule 902 under Regulation S.

 

2.1.7
Investment Purposes. The Subscriber is purchasing the Founder Shares solely for investment purposes, for the Subscriber’s
own account and not for the account or benefit of any U.S. Person, and not with a view towards the distribution thereof and, other
than the Independent Director Founder Shares Transfers, the Subscriber has no present arrangement to sell the Founder Shares to
or through any person or entity. The Subscriber shall not engage in hedging transactions with regard to the Founder Shares unless
in compliance with the Securities Act.

 

2.1.8.
Restrictions on Transfer. The Subscriber understands the Founder Shares are being offered in a transaction not involving
a public offering within the meaning of the Securities Act. The Founder Shares have not been registered under the Securities Act,
and, other than the Independent Director Founder Shares Transfers, if in the future the Subscriber decides to offer, resell, pledge
or otherwise transfer the Founder Shares, such Founder Shares may be offered, resold, pledged or otherwise transferred only (a)
in accordance with the provisions of Regulation S (Rule 901 through 905), (b) pursuant to a registration under the Securities
Act, or (c) pursuant to an available exemption from registration. Other than the Independent Director Founder Shares Transfers,
Subscriber agrees that if any transfer of its Founder Shares or any interest therein is proposed to be made, as a condition precedent
to any such transfer, Subscriber may be required to deliver to the Company an opinion of counsel satisfactory to the Company.
Absent registration or an exemption, the Subscriber agrees not to resell the Founder Shares. The Subscriber further acknowledges
that because the Company is a shell company and Rule 144 may not be available to the Subscriber for the resale of the Founder
Shares until one year following the consummation of a business combination despite technical compliance with the requirements
of Rule 144 and the release or waiver of any contractual transfer restrictions.

 

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2.2
Company’s Representations, Warranties and Agreements. To induce the Subscriber to purchase the Founder Shares, the
Company hereby represents and warrants to the Subscriber and agrees with the Subscriber as follows:

 

2.2.1
Organization and Corporate Power. The Company is an exempted company duly incorporated, validly existing and in good standing
under the laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify
would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the
Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated
by this Agreement.

 

2.2.2.
No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (a) the memorandum and articles of association
of the Company, (b) any agreement, indenture or instrument to which the Company is a party or (c) any law, statute, rule
or regulation to which the Company is subject, or any agreement, order, judgment or decree to which the Company is subject.

 

2.2.3.
Title to Founder Shares. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Founder Shares
will be duly and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the
terms hereof the Subscriber will have or receive good title to the Founder Shares, free and clear of all liens, claims and encumbrances
of any kind, other than (a) transfer restrictions hereunder and under the other agreements contemplated hereby, (b) transfer restrictions
under federal and state securities laws, and (c) liens, claims or encumbrances imposed due to the actions of the Subscriber.

 

3.
Forfeiture of Founder Shares.

 

3.1.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option is not exercised in full, the
Subscriber shall forfeit any and all rights to up to 937,500 Founder Shares (based upon the percentage of the Over-allotment Option
not exercised) such that immediately following such forfeiture, the Subscriber and all other initial shareholders, including the
independent directors, prior to the IPO will own an aggregate number of Founder Shares (not including Class A Ordinary Shares
issuable upon exercise of any warrants or any shares purchased by the Subscriber in the Company’s IPO or in the aftermarket)
equal to 20% of the issued and outstanding Ordinary Shares of the Company immediately following the IPO.

 

3.2.
Termination of Rights as Shareholder. If any of the Founder Shares are forfeited by the Subscriber in accordance with this
Section 3, then after such time, the Subscriber (or successor in interest), shall no longer have any rights as a holder of such
Founder Shares, and the Company shall take such action as is appropriate to cancel such Founder Shares which may include by way
of the surrender and cancellation of such Founder Shares for nil consideration. In addition, the Subscriber hereby irrevocably
grants the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all actions
reasonably requested by the Company necessary to effect any adjustment in this Section 3 (including any such surrender as is referred
to herein above).

 

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3.3 Share
Certificates. In the event an adjustment to the Original Certificate, if any, is required pursuant to this
Section 3, then the Subscriber shall return such Original Certificate to the Company or its designated agent as soon as
practicable upon its receipt of notice from the Company advising Subscriber of such adjustment, following which a new
certificate (the “New Certificate”), if any, shall be issued in such amount representing the adjusted
number of Founder Shares held by the Subscriber. The New Certificate, if any, shall be returned to the Subscriber as soon as
practicable. Any such adjustment for any uncertificated securities held by the Subscriber shall be made in book-entry
form.

 

4.
Waiver of Liquidation Distributions; Redemption Rights. In connection with the Founder Shares purchased pursuant to this
Agreement and any other Company securities purchased on a private placement basis, the Subscriber hereby waives any and all right,
title, interest or claim of any kind in or to any distributions by the Company from the Trust Account (as such term will be defined
in the Investment Management Trust Agreement to be entered by and between the Company and the trustee thereunder), in the event
of a liquidation of the Company upon the Company’s failure to timely complete a business combination. For purposes of clarity,
in the event the Subscriber purchases Class A Ordinary Shares in the IPO or in the aftermarket, any additional Class A Ordinary
Shares so purchased shall be eligible to receive their pro rata portion of any liquidating distributions by the Company. However,
in no event will the Subscriber have the right to redeem any Founder Shares, or any Class A Ordinary Shares purchased in the IPO
or in the aftermarket, for funds held in the Trust Account upon the successful completion of a business combination.

 

5.
Restrictions on Transfer.

 

5.1.
Securities Law Restrictions. In addition to any restrictions to be contained in the Letter Agreement (as defined in Section
5.4 below) and other than the Independent Director Founder Shares Transfers, the Subscriber agrees not to sell, transfer, pledge,
hypothecate or otherwise dispose of all or any part of the Founder Shares unless, prior thereto (a) a registration statement on
the appropriate form under the Securities Act and applicable state securities laws with respect to the Founder Shares proposed
to be transferred shall then be effective or (b) the Company shall have received an opinion from counsel reasonably satisfactory
to the Company, that such registration is not required because such transaction is exempt from registration under the Securities
Act and the rules promulgated by the United States Securities and Exchange Commission (the “SEC”) thereunder
and with all applicable state securities laws.

 

5.2
Restrictive Legends. All certificates representing the Founder Shares shall have endorsed thereon legends substantially
as follows:

 

“THESE
SECURITIES (i) HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
AND THESE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT FILED UNDER THE SECURITIES ACT, (B) TO A NON-U.S. PERSON IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE
904 OF REGULATION S UNDER THE SECURITIES ACT, (C) PURSUANT TO THE RESALE LIMITATIONS SET FORTH IN RULE 905 OF REGULATIONS S UNDER
THE SECURITIES ACT, (D) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE)
OR (E) PURSUANT TO ANY OTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH
ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER JURISDICTION. HEDGING TRANSACTIONS INVOLVING THESE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.”

 

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“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A LETTER AGREEMENT AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED
OR OTHERWISE DISPOSED DURING THE TERM OF THE LETTER AGREEMENT, EXCEPT IN ACCORDANCE WITH THE TERMS THEREOF.”

 

5.3.
Additional Ordinary Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration
of an extraordinary dividend payable in a form other than share, a spin-off, a share split, an adjustment in conversion ratio,
a recapitalization or a similar transaction affecting the Company’s outstanding share capital without receipt of consideration,
any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect
to any Founder Shares subject to this Section 5 or into which such Founder Shares thereby become convertible shall immediately
be subject to this Section 5 and Section 3. Appropriate adjustments to reflect the distribution of such securities or property
shall be made to the number and/or class of Founder Shares subject to this Section 5 and Section 3.

 

5.4
Lock-up. The Subscriber acknowledges that the Founder Shares will be subject to lock-up provisions (the “Lock-up”)
contained in a Letter Agreement, to be entered into prior to the date of the preliminary prospectus in connection with the IPO
between the Subscriber and the Company (the “Letter Agreement”). Pursuant to the Letter Agreement and other
than the Independent Director Founder Shares Transfers, the Subscriber shall not sell, transfer or otherwise assign of any or
all of its Founder Shares until the earlier of (a) one year after the date of the consummation of the Company’s initial
business combination (the “Consummation Date”) and (b) the date on which the last reported sale price of the
Class A Ordinary Shares of the Company equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, reorganizations
and recapitalizations) for any 20 trading days within a 30-trading day period commencing at least 150 days after the Consummation
Date. Notwithstanding the foregoing, the aforesaid restrictions shall lapse if, subsequent to the Consummation Date, the Company
consummates a subsequent liquidation, merger, capital stock exchange or other similar transaction which results in all of the
Company’s shareholders having the right to exchange their Class A Ordinary Shares for cash, securities or other property.

 

5.5
Registration Rights. The Subscriber acknowledges that the Founder Shares are being purchased pursuant to an exemption from
the registration requirements of the Securities Act and will become freely tradable only after they are registered pursuant to
a Registration Rights Agreement to be entered into with the Company prior to the closing of the IPO (“Registration Rights
Agreement”). The Subscriber is entitled to make such number of demands that the Company registers the Founder Shares
pursuant to the terms and restrictions as set forth in the Registration Rights Agreement.

 

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6.
Other Agreements.

 

6.1.
Further Assurances. The Subscriber agrees to execute such further instruments and to take such further action as may reasonably
be necessary to carry out the intent of this Agreement.

 

6.2
No Obligation as to Employment. The Company is not by reason of this Agreement obligated to employ, or continue to employ,
the Subscriber in any capacity.

 

6.3.
Notices. All notices, requests, consents and other communications hereunder shall be in writing, shall be addressed to
the receiving party’s address set forth on the signature page of this Agreement or to such other address as a party may
designate by notice hereunder, and shall be either (a) delivered by hand, (b) sent by overnight courier, (c) sent by certified
mail, return receipt requested, postage prepaid, or (d) sent by electronic email. All notices, requests, consents and other communications
hereunder shall be deemed to have been given either (i) if by hand, at the time of the delivery thereof to the receiving party
at the address of such party set forth on the signature page hereto, (ii) if sent by overnight courier, on the next business day
following the day such notice is delivered to the courier service, (iii) if sent by certified mail, on the fifth business day
following the day such mailing is made, or (iv) if sent by electronic mail, at the time of the delivery thereof to the receiving
party at the address of such party set forth on the signature page hereto.

 

6.4.
Entire Agreement. This Agreement, together with the Letter Agreement, substantially in the form to be filed as an exhibit
to the Company’s registration statement on Form S-1 with the SEC, embodies the entire agreement and understanding between
the Subscriber and the Company with respect to the subject matter hereof and supersedes all prior oral or written agreements and
understandings relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement of any kind
not expressly set forth in this Agreement shall affect, or be used to interpret, change or restrict, the express terms and provisions
of this Agreement.

 

6.5.
Modifications and Amendments. The terms and provisions of this Agreement may be modified or amended only by written agreement
executed by all parties hereto.

 

6.6.
Waivers and Consents. The terms and provisions of this Agreement may be waived, or consent for the departure therefrom
granted, only by written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or
consent shall be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement,
whether or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which
it was given, and shall not constitute a continuing waiver or consent.

 

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6.7.
Assignment. The rights and obligations under this Agreement may not be assigned by either party hereto without the prior
written consent of the other party.

 

6.8.
Benefit. All statements, representations, warranties, covenants and agreements in this Agreement shall be binding on the
parties hereto and shall inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing
in this Agreement shall be construed to create any rights or obligations except among the parties hereto, and no person or entity
shall be regarded as a third-party beneficiary of this Agreement.

 

6.9.
Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance
with and governed by the laws of the State of New York, without giving effect to the conflict of law principles thereof.

 

6.10.
Severability. In the event that any court of competent jurisdiction shall determine that any provision, or any portion
thereof, contained in this Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed
limited to the extent that such court deems it reasonable and enforceable, and as so limited shall remain in full force and effect.
In the event that such court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions
of this Agreement shall nevertheless remain in full force and effect.

 

6.11.
No Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy
under this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power
or remedy of such party. No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor
any abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other
or further exercise thereof or the exercise of any other right, power or remedy hereunder. The election of any remedy by a party
hereto shall not constitute a waiver of the right of such party to pursue other available remedies. No notice to or demand on
a party not expressly required under this Agreement shall entitle the party receiving such notice or demand to any other or further
notice or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such notice or demand
to any other or further action in any circumstances without such notice or demand.

 

6.12.
Survival of Representations and Warranties. All representations and warranties made by the parties hereto in this Agreement
or in any other agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery
hereof and any investigations made by or on behalf of the parties.

 

6.13.
No Broker or Finder. Each of the parties hereto represents and warrants to the other that no broker, finder or other financial
consultant has acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such a way as
to create any liability on the other. Each of the parties hereto agrees to indemnify and save the other harmless from any claim
or demand for commission or other compensation by any broker, finder, financial consultant or similar agent claiming to have been
employed by or on behalf of such party and to bear the cost of legal expenses incurred in defending against any such claim.

 

    8

     

    

 

6.14.
Headings and Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of reference
only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

 

6.15.
Counterparts. This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party, it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered
by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid
and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as
if such facsimile or “.pdf” signature page were an original thereof.

 

7.
Voting and Tender of Shares. The Subscriber agrees to vote the Founder Shares as well as any Class A Ordinary Shares acquired
in the IPO or the aftermarket in favor of a business combination that the Company negotiates and presents for approval to the
Company’s shareholders and shall not seek redemption with respect to the Founder Shares. Additionally, the Subscriber agrees
not to seek the redemption or repurchase of any Founder Shares in connection with a redemption or tender offer respectively presented
to the Company’s shareholders in connection with an initial business combination negotiated by the Company.

 

8.
Indemnification. Each party shall indemnify the other against any loss, cost or damages (including reasonable attorney’s
fees and expenses) incurred as a result of such party’s breach of any representation, warranty, covenant or agreement in
this Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

    9

     

    

 

If
the foregoing accurately sets forth our understanding and agreement, please sign the enclosed copy of this agreement and return
it to us.

 

	 	Very
    truly yours,
	 	 
	 	CARTESIAN
    GROWTH CORPORATION
	 	 	 
	 	By:	/s/ Peter Yu
	 	 	Name: Peter Yu
	 	 	Title: Chief Executive
    Officer
	 	 	 
	 	 	Address for Notices:
	 	 	 
	 	 	Cartesian Growth
    Corporation
	 	 	Maples Corporate Services Limited
	 	 	PO Box 309, Ugland House
	 	 	Grand Cayman
	 	 	KY1-1104
	 	 	Cayman Islands
	 	 	Attention: Peter
    Yu
	 	 	Email: peter.yu@cartesiangroup.com

 

Accepted
and agreed this

December
31, 2020

 

	CGC SPONSOR LLC	 
	 	 	 
	By:	/s/ Paul Hong	 
	 	Name: Paul Hong	 
	 	Title:
    Manager, Vice President and Secretary	 
	 	 	 
	 	Address
    for Notices: 	 
	 	CGC
    Sponsor LLC	 
	 	Maples
    Corporate Services Limited	 
	 	PO
    Box 309	 
	 	Ugland
    House, Grand Cayman	 
	 	KY1-1104	 
	 	Cayman
    Islands	 
	 	Attention:
    Paul Hong	 
	 	Email:
    paul.hong@cartesiangroup.com	 

 

 

 

 

[Signature
Page to Securities Purchase Agreement]

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