<SEC-DOCUMENT>0001104659-25-031359.txt : 20250403
<SEC-HEADER>0001104659-25-031359.hdr.sgml : 20250403
<ACCEPTANCE-DATETIME>20250403063339
ACCESSION NUMBER:		0001104659-25-031359
CONFORMED SUBMISSION TYPE:	S-1/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250403
DATE AS OF CHANGE:		20250403

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cartesian Growth Corp III
		CENTRAL INDEX KEY:			0002049662
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-1/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-284565
		FILM NUMBER:		25807444

	BUSINESS ADDRESS:	
		STREET 1:		505 FIFTH AVENUE, 15TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		917-294-1353

	MAIL ADDRESS:	
		STREET 1:		505 FIFTH AVENUE, 15TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-1/A
<SEQUENCE>1
<FILENAME>tm253430d6_s1a.htm
<DESCRIPTION>S-1/A
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As filed with the Securities and Exchange
Commission on April 2, 2025.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration No.&nbsp;333-284565</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>UNITED
STATES</B></FONT><B><BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDMENT NO. 3 TO</B><BR>
<B>FORM&nbsp;S-1<BR>
REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>CARTESIAN
GROWTH CORPORATION III</B></FONT><B><FONT STYLE="font-size: 14pt"><BR>
</FONT></B><FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 32%; padding-bottom: 2.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Cayman
    Islands</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-bottom: 2.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6770</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="width: 34%; padding-bottom: 2.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>N/A</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State
    or other jurisdiction of <BR>
    incorporation or organization)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Primary
    Standard Industrial <BR>
    Classification Code Number)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(I.R.S.&nbsp;Employer
    <BR>
    Identification Number)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>505
Fifth Avenue, 15th Floor<BR>
New York, New York 10017<BR>
Tel: (212) 461-6363<BR>
</B></FONT>(Address,&nbsp;including&nbsp;zip&nbsp;code,&nbsp;and&nbsp;telephone&nbsp;number,&nbsp;including&nbsp;area&nbsp;code,&nbsp;of&nbsp;registrant&rsquo;s&nbsp;principal&nbsp;executive&nbsp;offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Peter
Yu, Chief Executive Officer<BR>
Cartesian Growth Corporation III<BR>
505 Fifth Avenue, 15th Floor<BR>
New York, New York 10017<BR>
Tel: (212) 461-6363<BR>
</B></FONT>(Name,&nbsp;address,&nbsp;including&nbsp;zip&nbsp;code,&nbsp;and&nbsp;telephone&nbsp;number,&nbsp;including&nbsp;area&nbsp;code,&nbsp;of&nbsp;agent&nbsp;for&nbsp;service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Copies to:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Alan I.
    Annex,&nbsp;Esq.<BR>
    Tricia Branker,&nbsp;Esq.<BR>
    Thomas R. Martin, Esq.<BR>
    Greenberg Traurig, P.A.<BR>
    333 S.E. 2nd Avenue, Suite&nbsp;4400<BR>
    Miami, Florida 33131<BR>
    Tel: (305) 579-0576<BR>
    Fax: (305) 579-0717</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 51%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Douglas
    S. Ellenoff,&nbsp;Esq.<BR>
    Stuart Neuhauser,&nbsp;Esq.<BR>
    Anthony Ain,&nbsp;Esq.<BR>
    Ellenoff Grossman&nbsp;&amp; Schole LLP<BR>
    1345&nbsp;Avenue&nbsp;of&nbsp;the&nbsp;Americas,&nbsp;11<SUP>th</SUP>&nbsp;Floor<BR>
    New&nbsp;York, New&nbsp;York 10105<BR>
    Tel: (212) 370-1300<BR>
    Fax: (212) 370-7889</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Approximate
date of commencement of proposed sale to the public: </B></FONT>As soon as practicable after the effective date of this registration
statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If any of the securities being registered on
this Form&nbsp;are to be offered on a delayed or continuous basis pursuant to Rule&nbsp;415 under the Securities Act&nbsp;of&nbsp;1933
check the following box.&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If this Form&nbsp;is filed to register additional
securities for an offering pursuant to Rule&nbsp;462(b)&nbsp;under the Securities Act, please check the following box and list the Securities
Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If this Form&nbsp;is a post-effective amendment
filed pursuant to Rule&nbsp;462(c)&nbsp;under the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering.&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If this Form&nbsp;is a post-effective amendment
filed pursuant to Rule&nbsp;462(d)&nbsp;under the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering.&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.
See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company&rdquo;
and &ldquo;emerging growth company&rdquo; in Rule&nbsp;12b-2 of the Exchange&nbsp;Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large&nbsp;accelerated&nbsp;filer</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="width: 28%; padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="width: 18%; padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated&nbsp;filer</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 3%; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-accelerated&nbsp;filer</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Wingdings">&#120;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Smaller&nbsp;reporting&nbsp;company</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Wingdings">&#120;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging&nbsp;growth&nbsp;company</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Wingdings">&#120;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section&nbsp;7(a)(2)(B)&nbsp;of the Securities Act.&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>The
Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the
Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective
in accordance with Section&nbsp;8(a)&nbsp;of the Securities Act&nbsp;of&nbsp;1933, as amended, or until the Registration Statement shall
become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section&nbsp;8(a), </B></FONT><B>may
determine.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>EXPLANATORY
NOTE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Amendment No. 3 (this &ldquo;Amendment&rdquo;)
to the Registration Statement on Form S-1 (File No. 333-284565) (the &ldquo;Registration Statement&rdquo;) of Cartesian Growth Corporation
III is being filed solely for the purpose of filing Exhibit 1.1 to the Registration Statement. Accordingly, this Amendment consists solely
of the facing page, this explanatory note, Part II of the Registration Statement and the signature pages to the Registration Statement,
and is not intended to amend or delete any part of the Registration Statement except as specifically noted herein.<BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Part&nbsp;II</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Information
not required in prospectus</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item&nbsp;13. <I>Other Expenses of Issuance
and Distribution.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The estimated expenses payable by us in connection
with the offering described in this registration statement (other&nbsp;than the underwriting discount and commissions) will be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Legal
    fees and expenses</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">300,000</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Printing and engraving
    expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">40,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Trustee fees and
    expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">40,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Accounting fees
    and expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">50,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">SEC/FINRA expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">110,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Travel and road
    show expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt; padding-left: 10pt">Nasdaq listing
    fees</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">85,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">Miscellaneous</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">118,000</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">Total</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">750,000</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item&nbsp;14. <I>Indemnification of Directors
and Officers.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cayman Islands law does not limit the extent
to which a company&rsquo;s memorandum and articles of association may provide for indemnification of officers and directors, except to
the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification
against willful default, willful neglect, actual fraud or the consequences of committing a crime. Our amended and restated memorandum
and articles of association provide for indemnification of our officers and directors to the maximum extent permitted by law, including
for any liability incurred in their capacities as such, except through their own actual fraud, willful default or willful neglect. We
will enter into agreements with our directors and officers to provide contractual indemnification in addition to the indemnification
provided for in our amended and restated memorandum and articles of association. We expect to purchase a policy of directors&rsquo; and
officers&rsquo; liability insurance that insures our officers and directors against the cost of defense, settlement or payment of a judgment
in some circumstances and insures us against our obligations to indemnify our officers and directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our officers and directors have agreed to waive
any right, title, interest or claim of any kind in or to any monies in the trust account, and have agreed to waive any right, title,
interest or claim of any kind they may have in the future as a result of, or arising out of, any services provided to us and will not
seek recourse against the trust account for any reason whatsoever (except to the extent they are entitled to funds from the trust account
due to their ownership of public shares). Accordingly, any indemnification provided will only be able to be satisfied by us if (i)&nbsp;we
have sufficient funds outside of the trust account or (ii)&nbsp;we consummate an initial business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have
been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is
therefore unenforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item&nbsp;15. <I>Recent Sales of Unregistered
Securities.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to certain subscription agreements dated
October&nbsp;29, 2024, on November&nbsp;12, 2024, CGC III Sponsor LLC, our sponsor, and CGC III Sponsor DirectorCo LLC, or DirectorCo,
paid an aggregate of $25,000, or approximately $0.004 per share, to cover certain of our offering costs in exchange for an aggregate
of 5,750,000 Class&nbsp;B ordinary shares. Such securities were issued in connection with our organization pursuant to the exemption
from registration contained in Section&nbsp;4(a)(2)&nbsp;of the Securities Act. The number of founder shares outstanding was determined
based on the expectation that the total size of this offering would be a maximum of 23,000,000&nbsp;units if the underwriters&rsquo;
over-allotment option is exercised in full and therefore that such founder shares would represent 20% of the outstanding ordinary shares
after this offering. Up to 750,000 of these shares will be surrendered by our sponsor to us for no consideration depending on the extent
to which the underwriters&rsquo; over-allotment option is exercised.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each of our sponsor and DirectorCo is an accredited
investor for purposes of Rule&nbsp;501 of Regulation&nbsp;D.&nbsp;Each of the equity holders in our sponsor and DirectorCo is an accredited
investor under Rule&nbsp;501 of Regulation&nbsp;D.&nbsp;The business of our sponsor is focused on investing in our company, and the business
of DirectorCo is solely to hold founder shares, including for the benefit of our independent directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our sponsor and Cantor Fitzgerald&nbsp;&amp;
Co., the representative of the underwriters, have committed to, pursuant to written agreements, purchase an aggregate of 6,000,000 warrants,
each exercisable to purchase one Class&nbsp;A ordinary share at $11.50 per share, at a price of $1.00 per warrant, or $6,000,000 in the
aggregate, in a private placement that will close simultaneously with the closing of this offering. Of those 6,000,000 private placement
warrants, our sponsor has agreed to purchase 4,000,000&nbsp;private placement warrants and Cantor Fitzgerald&nbsp;&amp; Co. has agreed
to purchase 2,000,000 private placement warrants. This issuance will be made pursuant to the exemption from registration contained in
Section&nbsp;4(a)(2)&nbsp;of the Securities Act. The private placement warrants will be worthless if we do not complete our initial business
combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No underwriting discounts or commissions have
been or will be paid with respect to such sales.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item&nbsp;16. <I>Exhibits and Financial Statement
Schedules.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(a)&nbsp;The following exhibits are filed as
part of this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding-bottom: 2.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit&nbsp;No.</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="width: 90%; border-bottom: Black 1pt solid; padding-bottom: 2.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="tm253430d6_ex1-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1**</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="tm253430d6_ex1-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Underwriting Agreement.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex3-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex3-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Memorandum
    and Articles of Association.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex3-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2*    </FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex3-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Amended and Restated Memorandum and Articles of Association.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex4-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex4-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specimen
    Unit Certificate.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex4-2.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex4-2.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specimen
    Class&nbsp;A Ordinary Share Certificate.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex4-4.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex4-4.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specimen
    Warrant Certificate (included in Exhibit&nbsp;4.4).</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex4-4.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.4*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex4-4.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Warrant Agreement between Continental Stock Transfer&nbsp;&amp; Trust Company and the Registrant.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex5-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex5-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opinion
    of Maples and Calder.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex5-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.2*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex5-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opinion
    of Greenberg Traurig, P.A.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promissory
    Note, dated October&nbsp;29, 2024, issued to CGC III Sponsor LLC.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-2.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.2*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-2.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Securities
    Purchase Agreement, dated October&nbsp;29, 2024, between CGC III Sponsor LLC and the Registrant.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.3*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Securities
    Purchase Agreement, dated October&nbsp;29, 2024, between CGC III Sponsor DirectorCo LLC and the Registrant.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex10-4.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.4*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex10-4.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Letter Agreement between the Registrant and CGC III Sponsor LLC.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex10-5.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.5*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex10-5.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Letter Agreement among the Registrant, CGC III Sponsor DirectorCo LLC, and each director, director nominee and executive officer
    of the Registrant.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-6.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.6*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-6.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Investment Management Trust Agreement between Continental Stock Transfer&nbsp;&amp; Trust Company and the Registrant.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex10-7.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.7*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex10-7.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Registration Rights Agreement among the Registrant and certain security holders.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex10-8.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.8*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex10-8.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Private Placement Warrants Purchase Agreement between the Registrant and CGC III Sponsor LLC.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex10-9.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.9*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex10-9.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Private Placement Warrants Purchase Agreement between the Registrant and Cantor Fitzgerald&nbsp;&amp; Co.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-10.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.10*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-10.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Administrative Services Agreement between the Registrant and CGC III Sponsor LLC.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-11.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.11*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex10-11.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Indemnity Agreement.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex14-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.1*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex14-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Code of Ethics.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex23-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.1*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex23-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
    of CBIZ CPAs P.C.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex5-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex5-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
    of Maples and Calder (included in Exhibit&nbsp;5.1).</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex5-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.3*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex5-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
    of Greenberg Traurig, P.A. (included in Exhibit&nbsp;5.2).</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_s1.htm#a_001" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24.1*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_s1.htm#a_001" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Power
    of Attorney (included on the signature page&nbsp;of the initial filing).</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Audit Committee Charter.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex99-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.2*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925026623/tm253430d4_ex99-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of
    Compensation Committee Charter.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex99-3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.3*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex99-3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
    of Ali Bouzarif to be named as director nominee.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex99-4.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.4*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex99-4.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
    of Kevin Gold to be named as director nominee.</FONT></A></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex99-5.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.5*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex99-5.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
    of Sanford Litvack to be named as director nominee.</FONT></A></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex-filingfees.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107*</FONT></A></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 2.25pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/2049662/000110465925006780/tm253430d1_ex-filingfees.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filing
    Fee Table.</FONT></A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD>*</TD><TD STYLE="text-align: justify">Previously filed.</TD></TR>
                                                                                                                                          <TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in">**</TD><TD STYLE="text-align: justify">Filed herewith.</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item&nbsp;17. <I>Undertakings.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD STYLE="text-align: justify">The undersigned registrant hereby undertakes
                                            to provide to the underwriters at the closing specified in the underwriting agreement, certificates
                                            in such denominations and registered in such names as required by the underwriters to permit
                                            prompt delivery to each purchaser.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD STYLE="text-align: justify">Insofar as indemnification for liabilities
                                            arising under the Securities Act&nbsp;of&nbsp;1933 may be permitted to directors, officers
                                            and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise,
                                            the registrant has been advised that in the opinion of the Securities and Exchange Commission
                                            such indemnification is against public policy as expressed in the Act and is, therefore,
                                            unenforceable. In the event that a claim for indemnification against such liabilities (other
                                            than the payment by the registrant of expenses incurred or paid by a director, officer or
                                            controlling person of the registrant in the successful defense of any action, suit or proceeding)
                                            is asserted by such director, officer or controlling person in connection with the securities
                                            being registered, the registrant will, unless in the opinion of its counsel the matter has
                                            been settled by controlling precedent, submit to a court of appropriate jurisdiction the
                                            question whether such indemnification by it is against public policy as expressed in the
                                            Act and will be governed by the final adjudication of such issue.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD STYLE="text-align: justify">The undersigned registrant hereby undertakes
                                            that:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">For purposes of determining any liability
                                            under the Securities Act&nbsp;of&nbsp;1933, the information omitted from the form of prospectus
                                            filed as part of this registration statement in reliance upon Rule&nbsp;430A and contained
                                            in a form of prospectus filed by the registrant pursuant to Rule&nbsp;424(b)(1)&nbsp;or (4)&nbsp;or
                                            497(h)&nbsp;under the Securities Act shall be deemed to be part of this registration statement
                                            as of the time it was declared effective.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">For the purpose of determining any liability
                                            under the Securities Act&nbsp;of&nbsp;1933, each post-effective amendment that contains a
                                            form of prospectus shall be deemed to be a new registration statement relating to the securities
                                            offered therein, and the offering of such securities at that time shall be deemed to be the
                                            initial <I>bona fide</I> offering thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">For the purpose of determining liability
                                            under the Securities Act&nbsp;of&nbsp;1933 of any purchaser, if the registrant is subject
                                            to Rule&nbsp;430C, each prospectus filed pursuant to Rule&nbsp;424(b)&nbsp;as part of a registration
                                            statement relating to an offering, other than registration statements relying on Rule&nbsp;430B
                                            or other than prospectuses filed in reliance on Rule&nbsp;430A, shall be deemed to be part
                                            of and included in the registration statement as of the date it is first used after effectiveness.
                                            Provided, however, that no statement made in a registration statement or prospectus that
                                            is part of the registration statement or made in a document incorporated or deemed incorporated
                                            by reference into the registration statement or prospectus that is part of the registration
                                            statement will, as to a purchaser with a time of contract of sale prior to such first use,
                                            supersede or modify any statement that was made in the registration statement or prospectus
                                            that was part of the registration statement or made in any such document immediately prior
                                            to such date of first use.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">For the purpose of determining liability
                                            of a registrant under the Securities Act&nbsp;of&nbsp;1933 to any purchaser in the initial
                                            distribution of the securities, the undersigned registrant undertakes that in a primary offering
                                            of securities of the undersigned registrant pursuant to this registration statement, regardless
                                            of the underwriting method used to sell the securities to the purchaser, if the securities
                                            are offered or sold to such purchaser by means of any of the following communications, the
                                            undersigned registrant will be a seller to the purchaser and will be considered to offer
                                            or sell such securities to such purchaser:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">any preliminary prospectus or prospectus
                                            of the undersigned registrant relating to the offering required to be filed pursuant to Rule&nbsp;424;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">any free writing prospectus relating to
                                            the offering prepared by or on behalf of the undersigned registrant or used or referred to
                                            by the undersigned registrant;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">the portion of any other free writing
                                            prospectus relating to the offering containing material information about the undersigned
                                            registrant or its securities provided by or on behalf of the undersigned registrant; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">any other communication that is an offer
                                            in the offering made by the undersigned registrant to the purchaser.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><A NAME="a_001"></A>Signatures</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Act&nbsp;of&nbsp;1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in New&nbsp;York, New&nbsp;York, on the 2<SUP>nd</SUP> day of April, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Cartesian
    Growth Corporation III</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 2.25pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid; padding-bottom: 2.25pt"><P STYLE="margin: 0pt 0">/s/ Peter Yu</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Peter
    Yu</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Executive Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Act&nbsp;of&nbsp;1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on
the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 36%; border-bottom: Black 1pt solid; padding-bottom: 2.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="width: 36%; border-bottom: Black 1pt solid; padding-bottom: 2.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="width: 26%; border-bottom: Black 1pt solid; padding-bottom: 2.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: left">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 2.25pt">/s/ Peter Yu</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman
    of the Board and Chief Executive Officer</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: center">April 2, 2025</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Peter
    Yu</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Principal
    Executive Officer)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: left">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 2.25pt">/s/ Rafael de Luque</TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Financial Officer</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: center">April 2, 2025</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rafael
    de Luque</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Principal
    Financial and Accounting Officer)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Authorized
representative IN THE UNITED STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of Section&nbsp;6(a)&nbsp;of
the Securities Act&nbsp;of&nbsp;1933, the undersigned has signed this registration statement, solely in its capacity as the duly authorized
representative of Cartesian Growth Corporation III, in New&nbsp;York, New&nbsp;York, on the 2<SUP>nd</SUP> day of April, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 50%; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%; padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 45%; border-bottom: Black 1pt solid; padding-bottom: 2.25pt">/s/ <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Peter
    Yu&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Peter
    Yu</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-bottom: 2.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Executive Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>tm253430d6_ex1-1.htm
<DESCRIPTION>EXHIBIT 1.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 1.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNDERWRITING AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">between</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CARTESIAN GROWTH CORPORATION III</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">and</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CANTOR FITZGERALD &amp; CO.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dated: [ ], 2025</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CARTESIAN GROWTH CORPORATION III</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNDERWRITING AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">New&nbsp;York, New&nbsp;York<BR>
[ ], 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Cantor Fitzgerald &amp; Co.<BR>
499&nbsp;Park Avenue<BR>
New&nbsp;York, New&nbsp;York 10022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>As Representative of the Several Underwriters<BR>
named on <U>Schedule&nbsp;A</U> hereto</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned, Cartesian
Growth Corporation III, a Cayman Islands exempted company (the &#8220;<B>Company</B>&#8221;), hereby confirms its agreement with Cantor
Fitzgerald &amp; Co. (&#8220;<B>Cantor</B>&#8221; or the &#8220;<B>Representative</B>&#8221;) and with the other underwriters named on
<I><U>Schedule&nbsp;A</U></I> hereto (if any), for which the Representative is acting as representative (the Representative and such other
underwriters being collectively referred to herein as the &#8220;<B>Underwriters</B>&#8221; or, each underwriter individually, an &#8220;<B>Underwriter</B>,&#8221;
provided that, if only Cantor is listed on such <I><U>Schedule&nbsp;A</U></I>, any references to Underwriters shall refer exclusively
to Cantor) as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Purchase and Sale of Securities</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Firm Securities</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.1.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Purchase of Firm Units</U>. On the basis of the representations and warranties contained herein, but subject to the terms and
conditions set forth herein, the Company agrees to issue and sell to the several Underwriters, severally and not jointly, and the Underwriters
agree to purchase from the Company, severally and not jointly, an aggregate of 20,000,000 units (the &#8220;<B>Firm Units</B>&#8221;)
of the Company, as set forth opposite the respective names of the Underwriters on <I><U>Schedule&#8239;A</U></I> hereto, at a purchase
price (net of discounts and commissions and the Deferred Underwriting Commission described in <U>Section&#8239;1.3</U> below) of $9.35
per Firm Unit. The Firm Units are to be offered initially to the public (the &#8220;<B>Offering</B>&#8221;) at the offering price of $10.00
per Firm Unit. Each Firm Unit consists of one Class A ordinary share (&#8220;<B>Ordinary Share</B>&#8221;), $0.0001 par value, of the
Company (the &#8220;<B>Public Shares</B>&#8221;), and one-half of one redeemable warrant (the &#8220;<B>Public Warrants</B>&#8221;). The
Public Shares and the Public Warrants included in the Firm Units will trade separately on the fifty second (52<FONT STYLE="font-size: 10pt"><SUP>nd</SUP></FONT>)
day following the date hereof (or if such date is not a Business Day (as defined in <U>Section&#8239;1.1.2</U>), the following Business
Day) unless the Representative determines to allow earlier separate trading. Notwithstanding the immediately preceding sentence, in no
event will the Public Shares and the Public Warrants included in the Firm Units trade separately until the Company has filed with the
Securities and Exchange Commission (the &#8220;<B>Commission</B>&#8221;) a Current Report on Form&#8239;8-K that includes an audited balance
sheet reflecting the Company&#8217;s receipt of the proceeds of the Offering and the Private Placement (as defined in <U>Section&#8239;1.4.2</U>)
and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined
below) if such option is exercised prior to the filing of the Form&#8239;8-K. Each whole Warrant entitles its holder to purchase one Ordinary
Share for $11.50 per share, subject to adjustment, at any time commencing 30 days after the consummation by the Company of a merger, amalgamation,
share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities
(the &#8220;<B>Business Combination</B>&#8221;), and expiring on the five year anniversary of the consummation by the Company of its initial
Business Combination (such consummation, the &#8220;<B>Business Combination Closing</B>&#8221;), or earlier upon redemption of the Public
Shares or liquidation of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.1.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Payment
and Delivery</U>. Delivery and payment for the Firm Units shall be made at 10:00 a.m., New&#8239;York City time, on the first (1<FONT STYLE="font-size: 10pt"><SUP>st</SUP></FONT>)
Business Day (as defined below) following the commencement of trading of the Units, or at such earlier time as shall be agreed upon
by the Representative and the Company, at the offices of Ellenoff Grossman &amp; Schole LLP, counsel to the Underwriters
(&#8220;<B>EGS</B>&#8221;), or at such other place as shall be agreed upon by the Representative and the Company. The hour and date
of delivery and payment for the Firm Units is called the &#8220;<B>Closing Date</B>.&#8221; Payment for the Firm Units shall be made
on the Closing Date by wire transfer in Federal (same day) funds, payable as follows: $200,000,000 of the proceeds received by the
Company for the Firm Units and the sale of the Placement Warrants (as defined in <U>Section&#8239;1.4.2</U>) shall be deposited in
the trust account (&#8220;<B>Trust Account</B>&#8221;) established by the Company for the benefit of the Public Shareholders (as
defined below), as described in the Registration Statement (as defined in <U>Section&#8239;2.1.1</U>) pursuant to the terms of an
Investment Management Trust Agreement (the &#8220;<B>Trust Agreement</B>&#8221;) between the Company and Continental Stock Transfer
 &amp; Trust Company (&#8220;<B>CST</B>&#8221;). The funds deposited in the Trust Account shall include an aggregate of $9,000,000
($0.45 per Firm Unit), payable to the Representative as Deferred Underwriting Commission, in accordance with <U>Section&#8239;1.3</U>
hereof. The remaining proceeds received by the Company for the Firm Units (less commissions and actual expense payments or other
fees payable pursuant to this Agreement), if any, shall be paid to the order of the Company upon delivery to the Representative of
certificates (in form and substance satisfactory to the Representative) representing the Firm Units (or through the facilities of
the Depository Trust Company (&#8220;<B>DTC</B>&#8221;)) for the account of the Underwriters. The Firm Units shall be registered in
such name or names and in such authorized denominations as the Representative may request in writing at least two (2) full Business
Days prior to the Closing Date. If delivery is not made through the facilities of DTC, the Company will permit the Representative to
examine and package the Firm Units for delivery, at least one (1) full Business Day prior to the Closing Date. The Company shall not
be obligated to sell or deliver any of the Firm Units except upon tender of payment by the Representative for all the Firm Units. As
used herein, the term &#8220;<B>Public Shareholders</B>&#8221; means the holders of Public Shares sold as part of the Units (as
defined below) in the Offering or acquired in the aftermarket, including Sponsor (defined below) and any officer or director of the
Company, to the extent, he, she or it acquires such Ordinary Shares in the aftermarket (and solely with respect to such Ordinary
Shares). &#8220;<B>Business Day</B>&#8221; means any day other than a Saturday, a Sunday, or other day on which commercial banks in
The City of New&#8239;York are authorized or required by law to remain closed; provided, however, that for clarification, commercial
banks shall not be deemed to be authorized or required by law to remain closed due to &#8220;stay at home&#8221;,
 &#8220;shelter-in-place&#8221;, &#8220;non-essential employee&#8221; or any other similar orders or restrictions or the closure of
any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems
(including for wire transfers) of commercial banks in The City of New&#8239;York are generally open for use by customers on such
day.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Over-Allotment Option</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.2.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Option Units</U>. The Representative is hereby granted an option (the &#8220;<B>Over-allotment Option</B>&#8221;) to purchase
up to an additional 3,000,000 units (the &#8220;<B>Option Units</B>&#8221;), the net proceeds of which will be deposited in the Trust
Account, solely for the purposes of covering any over-allotments, if any, in connection with the distribution and sale of the Firm Units.
Such Option Units shall be identical in all respects to the Firm Units. Such Option Units shall, at the Representative&#8217;s election,
be purchased for each account of the several Underwriters in the same proportion as the number of Firm Units, set forth opposite such
Underwriter&#8217;s name on Schedule&#8239;A hereto, bears to the total number of Firm Units (subject to adjustment by the Representative
to eliminate fractions). The Firm Units and the Option Units are hereinafter collectively referred to as the &#8220;<B>Units</B>,&#8221;
and the Units, the Public Shares, the Public Warrants included in the Units, and the Public Shares issuable upon exercise of the Public
Warrants are hereinafter referred to collectively as the &#8220;<B>Public Securities</B>.&#8221; No Option Units shall be sold or delivered
unless the Firm Units previously have been, or simultaneously are, sold and delivered. The right to purchase the Option Units, or any
portion thereof, may be exercised from time to time and to the extent not previously exercised may be surrendered and terminated at any
time upon notice by the Representative to the Company. The purchase price to be paid for each Option Unit will be the same price per Firm
Unit set forth in <U>Section&#8239;1.1.1</U> hereof.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.2.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Exercise
of Option</U>. The Over-allotment Option granted pursuant to <U>Section&#8239;1.2.1</U> hereof may be exercised by the Representative
as to all (at any time) or any part (from time to time) of the Option Units within 45 days after the effective date
(&#8220;<B>Effective Date</B>&#8221;) of the Registration Statement (as defined in <U>Section&#8239;2.1.1</U> hereof). The
Underwriters will not be under any obligation to purchase any Option Units prior to the exercise of the Over-allotment Option. The
Over-allotment Option granted hereby may be exercised by the giving of oral notice to the Company by the Representative, which must
be confirmed in accordance with <U>Section&#8239;9.1</U> herein setting forth the number of Option Units to be purchased and the date
and time for delivery of and payment for the Option Units (the &#8220;<B>Option Closing Date</B>&#8221;), which will not be later
than five (5) full Business Days after the date of the notice or such other time and in such other manner as shall be agreed upon by
the Company and the Representative, at the offices of EGS or at such other place (including remotely by facsimile or other
electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option
Units does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the
Over-allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set
forth herein, the Underwriters will become obligated to purchase, the number of Option Units specified in such notice.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.2.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Payment and Delivery</U>. Payment for the Option Units shall be made on the Option Closing Date by wire transfer in Federal
(same day) funds, payable as follows: $10.00 per Option Unit shall be deposited in the Trust Account pursuant to the Trust Agreement upon
delivery to the Representative of certificates (in form and substance satisfactory to the Representative) representing the Option Units
(or through the facilities of DTC) for the account of the Representative. The amount of the payments for the Option Units to be deposited
in the Trust Account will include $0.65 per Option Unit (up to $1,950,000), payable to the Representative, as Deferred Underwriting Commission,
in accordance with <U>Section&#8239;1.3</U> hereof. The certificates representing the Option Units to be delivered will be in such denominations
and registered in such names as the Representative requests in writing not less than two full Business Days prior to the Closing Date
or the Option Closing Date, as the case may be, and will be made available to the Representative for inspection, checking and packaging
at the aforesaid office of the Company&#8217;s transfer agent or correspondent not less than one full Business Day prior to such Closing
Date. The Company shall not be obligated to sell or deliver the Option Units except upon tender of payment by the Representative for applicable
Option Units.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Deferred Underwriting Commission</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.3.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>The Representative agrees that 4.5% of the gross proceeds from the sale of the Firm Units ($9,000,000) and 6.5% of the gross proceeds
from the sale of the Option Units (up to $1,950,000) (collectively, the &#8220;<B>Deferred Underwriting Commission</B>&#8221;) will be
deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representative for
its own account upon consummation of the Company&#8217;s initial Business Combination. The Trust Agreement shall provide that the trustee
is required to obtain a joint written instruction signed by both the Company and the Representative with respect to the transfer of the
funds held in the Trust Account, including the payment of the Deferred Underwriting Commission from the Trust Account, prior to commencing
any liquidation of the assets of the Trust Account in connection with the consummation of any Business Combination, and such provision
of the Trust Agreement shall not be permitted to be amended without the prior written consent of the Representative. In the event that
the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the &#8220;<B>Trustee</B>&#8221;),
commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i)&#8239;the Underwriters
shall forfeit any rights or claims to the Deferred Underwriting Commission, including any accrued interest thereon; and (ii)&#8239;the
Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata
basis among the Public Shareholders. The Representative shall have the right to agree to any further modifications to the Deferred Underwriting
Commission on behalf of the Underwriters and any decisions relating to such modifications shall be made exclusively by the Representative
on behalf of the Underwriters. Any amounts paid in Deferred Underwriting Commission will be fully earned by each Underwriter upon the
payment of the purchase price for the Units purchased by such Underwriter on the closing of this Offering (including payment of the purchase
price of any Option Units) and will be paid if and when the Company consummates its Business Combination, and for the avoidance of doubt,
no Underwriter shall have any obligations hereunder to provide any services in connection with an initial Business Combination, without
any further conditions. Notwithstanding anything to the contrary in this Agreement, each Underwriter may at any time prior to the Business
Combination Closing and in its sole and absolute discretion, by written notice to the Company, elect to forfeit any right or claim to
its Deferred Underwriting Commission, in which case the Company agrees to instruct the Trustee not to pay such Underwriter its Deferred
Underwriting Commission upon the occurrence of a Business Combination Closing. For the avoidance of doubt, any such election by an Underwriter
shall be without prejudice to any right or claim of any other Underwriter to its respective portion of the Deferred Underwriting Commission
or to any other right such Underwriter may have under this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.3.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>In the event that, prior to or in lieu of a Business Combination Closing, the Company and/or Sponsor become entitled to receive
a &#8220;break-up&#8221; or &#8220;busted-deal&#8221; fee or any other similar payment (any such fee or payment, a &#8220;<B>Break Fee</B>&#8221;),
in connection with or as a result of either (i) the termination, abandonment or cancellation of a proposed Business Combination (or any
effort to effect a proposed Business Combination), or (ii) settlement of, or judgment in, any litigation or dispute relating to a proposed
Business Combination, then, in each case, the Company shall discuss in good faith with the Representative regarding a minority portion
of such Break Fee being paid to the Representative in connection with or in lieu of an equivalent portion of the Deferred Underwriting
Fee.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT> <U>Private Placements</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.4.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Founder Shares</U>. Pursuant to certain subscription agreements dated October 29, 2024, on November 12, 2024, CGC III Sponsor
LLC (&#8220;<B>Sponsor</B>&#8221;) and CGC III Sponsor DirectorCo LLC (together with Sponsor, the &#8220;<B>Initial Shareholders</B>&#8221;)
paid an aggregate of $25,000 to subscribe for an aggregate of 5,750,000 Class B ordinary shares, par value $0.0001 per share (&#8220;<B>Founder
Shares</B>&#8221;), in a private placement exempt from registration under Section&#8239;4(a)(2) of the Securities Act of 1933, as amended
(the &#8220;<B>Act</B>&#8221;). No underwriting discounts, commissions or placement fees have been or will be payable in connection with
the purchase of Founder Shares. Except as described in the Registration Statement, none of the Founder Shares may be sold, assigned or
transferred by the Initial Shareholders until the earlier to occur of: (A)&#8239;one year after the completion of the Company&#8217;s Business
Combination; and (B)&#8239;subsequent to the Company&#8217;s Business Combination (x)&#8239;if the last reported sale price of the Ordinary
Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company&#8217;s Business
Combination or (y)&#8239;the date on which the Company completes a liquidation, merger, share exchange or other similar transaction that
results in all of the Company&#8217;s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property.
The holders of Founder Shares shall have no right to any liquidating distributions with respect to any portion of the Founder Shares in
the event the Company fails to consummate a Business Combination. The holders of the Founder Shares shall not have redemption rights with
respect to the Founder Shares. In the event that the Over-allotment Option is not exercised in full, Sponsor will be required to forfeit
such number of Founder Shares (up to 750,000 Founder Shares) such that the Founder Shares then outstanding will comprise 20.0% of the
issued and outstanding ordinary shares of the Company after giving effect to the Offering and exercise, if any, of the Over-allotment
Option.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.4.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Private Placement</U>. Simultaneously with the Closing Date, (i) Sponsor will purchase from the Company, pursuant to a Sponsor
Purchase Agreement (as defined in <U>Section&#8239;2.21.2</U> hereof), 4,000,000 private placement warrants (the &#8220;<B>Sponsor Placement
Warrants</B>&#8221;, and together with the Representative Placement Warrants (as defined below), the &#8220;<B>Placement Warrants</B>&#8221;),
and (ii)&#8239;the Representative will purchase from the Company, pursuant to the Representative Purchase Agreement (as defined in <U>Section&#8239;2.21.3</U>
hereof), 2,000,000 private placement warrants (the &#8220;<B>Representative Placement Warrants,</B>&#8221; and, together with the Sponsor
Placement Warrants and the Public Warrants, the &#8220;<B>Warrants</B>&#8221;), which Placement Warrants are substantially identical to
the Public Warrants, subject to certain exceptions described in <U>Section 1.4.3</U>, each at a purchase price of $1.00 per Placement
Warrant, in a private placement intended to be exempt from registration under the Act pursuant to Section&#8239;4(a)(2) of the Act. The
private placement of the Placement Warrants to Sponsor and the Representative is referred to herein as the &#8220;<B>Private Placement</B>.&#8221;
None of the Placement Warrants (or the underlying Ordinary Shares) may be sold, assigned or transferred by Sponsor or the Representative,
other than to their permitted transferees, until thirty (30) days after consummation of a Business Combination. Certain proceeds from
the sale of the Placement Warrants shall be deposited into the Trust Account. The Representative acknowledges and agrees that the Representative
Placement Warrants (and the underlying Ordinary Shares) acquired by the Representative pursuant to the Representative Purchase Agreement
(as defined below) will be deemed compensation by the Financial Industry Regulatory Authority (&#8220;<B>FINRA</B>&#8221;) and will therefore
be subject to lock-up for a period of 180 days from the commencement of sales of the Offering, subject to certain limited exceptions,
pursuant to FINRA Rule&#8239;5110(e)(1). Accordingly, the Representative Placement Warrants (and the underlying Ordinary Shares) acquired
by the Representative pursuant to the Representative Purchase Agreement may not be sold, transferred, assigned, pledged or hypothecated
nor may they be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic
disposition of the securities by any person for 180 days from the commencement of sales of the Offering, except to any FINRA member participating
in the Offering and the officers, partners, registered persons or affiliates thereof, if all securities so transferred remain subject
to the lock-up restriction for the remainder of the time period.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.4.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT>The
Placement Warrants and Ordinary Shares issuable upon exercise of the Placement Warrants are hereinafter referred to collectively as
the &#8220;<B>Placement Securities</B>&#8221;. No underwriting discounts, commissions, or placement fees have been or will be
payable in connection with the Placement Securities. The Placement Warrants are identical to the Public Warrants except that
(1)&#8239;they (including the Ordinary Shares issuable upon exercise of these warrants) may not, subject to certain limited
exceptions, be transferred, assigned or sold until 30 days after the completion of the Company&#8217;s initial Business Combination;
and (2)&#8239;they (including the Ordinary Shares issuable upon exercise of these warrants) are entitled to registration rights. In
addition, with respect to Representative Placement Warrants held by the Representative and/or its designees, such Representative
Placement Warrants will be subject to the lock-up and registration rights limitations imposed by FINRA Rule&#8239;5110 and will not
be exercisable more than five years from the commencement of sales in the Offering in accordance with FINRA Rule&#8239;5110(g)(8).
The Public Securities, the Placement Securities and the Founder Shares are hereinafter referred to collectively as the
 &#8220;<B>Securities</B>&#8221;. The Representative has agreed that it shall have the right to exercise Representative Placement
Warrants only until and shall forfeit to the Company for cancellation any Placement Warrants held by it on the date that is five
years after the Effective Date.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Working Capital</U>. Upon consummation of the Offering, it is intended that approximately $1,250,000 of the proceeds from the
Offering and Private Placement will be available to the Company and held outside of the Trust Account to fund the working capital requirements
of the Company.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Interest Income</U>. Prior to the Company&#8217;s consummation of a Business Combination or the Company&#8217;s liquidation,
interest earned on the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement
to pay any taxes payable by the Company and up to $100,000 for dissolution expenses, all as more fully described in the Prospectus (as
defined below); provided that, the proceeds placed in the Trust Account and the interest earned thereon shall not be used to pay for possible
excise tax or any other similar fees or taxes that may be levied on the Company pursuant to any current, pending or future rules or laws,
including without limitation any excise tax due under the Inflation Reduction Act of 2022 on any redemptions or stock buybacks by the
Company.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Representations and Warranties of the Company</U>. The Company represents and warrants to the Underwriters as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Filing of Registration Statement</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.1.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Pursuant
to the Act</U>. The Company has filed with the Securities and Exchange Commission (the &#8220;<B>Commission</B>&#8221;) a
registration statement and an amendment or amendments thereto, on Form&#8239;S-1 (File No.&#8239;333-284565), including any related
preliminary prospectus (&#8220;<B>Preliminary Prospectus</B>&#8221;), including any prospectus that is included in the Registration
Statement immediately prior to the effectiveness of the Registration Statement, for the registration of the Units, Public Shares and
Public Warrants under the Act, which registration statement and amendment or amendments have been prepared by the Company in
conformity with the requirements of the Act, and the rules and regulations (the &#8220;<B>Regulations</B>&#8221;) of the Commission
under the Act. The conditions for use of Form&#8239;S-1 to register the Offering under the Act, as set forth in the General
Instructions to such Form, have been satisfied. Except as the context may otherwise require, such registration statement, as
amended, on file with the Commission at the time the registration statement becomes effective (including the prospectus, financial
statements, schedules, exhibits and all other documents filed as a part thereof or incorporated therein and all information deemed
to be a part thereof as of such time pursuant to Rule&#8239;430A of the Regulations), is hereinafter called the
 &#8220;<B>Registration Statement</B>,&#8221; and the form of the final prospectus dated the Effective Date included in the
Registration Statement (or, if applicable, the form of final prospectus containing information permitted to be omitted at the time
of effectiveness by Rule&#8239;430A of the Regulations, filed by the Company with the Commission pursuant to Rule&#8239;424 of the
Regulations), is hereinafter called the &#8220;<B>Prospectus</B>.&#8221; For purposes of this Agreement, &#8220;<B>Time of
Sale</B>,&#8221; as used in the Act, means 4:00&#8239;p.m. New&#8239;York City time, on the date of this Agreement. Prior to the Time
of Sale, the Company prepared a Preliminary Prospectus dated [ ], 2025, for distribution by the Underwriters (such Preliminary
Prospectus used most recently prior to the Time of Sale, the &#8220;<B>Sale Preliminary Prospectus</B>&#8221;). If the Company has
filed, or is required pursuant to the terms hereof to file, a Registration Statement pursuant to Rule&#8239;462(b) under the Act
registering additional securities of any type or an amendment to a Registration Statement (a &#8220;<B>Rule&#8239;462(b) Registration
Statement</B>&#8221;), then, unless otherwise specified, any reference herein to the term &#8220;Registration Statement&#8221; shall
be deemed to include such Rule&#8239;462(b) Registration Statement. Other than a Rule&#8239;462(b) Registration Statement, which, if
filed, becomes effective upon filing, no other document with respect to the Registration Statement has been filed with the
Commission. All of the Units, Public Shares and Public Warrants have been registered for public sale under the Act pursuant to the
Registration Statement and, if any Rule&#8239;462(b) Registration Statement is filed, will be duly registered for public sale under
the Act with the filing of such Rule&#8239;462(b) Registration Statement. The Registration Statement has been declared effective by
the Commission on the date hereof. If, subsequent to the date of this Agreement, the Company or the Representative determines that
at the Time of Sale, the Sale Preliminary Prospectus included an untrue statement of a material fact or omitted a statement of
material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading,
and the Company and the Representative have agreed to provide an opportunity to purchasers of the Units to terminate their old
purchase contracts and enter into new purchase contracts, then the Sale Preliminary Prospectus will be deemed to include any
additional information available to purchasers at the time of entry into the first such new purchase contract.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.1.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Pursuant to the Exchange Act</U>. The Company has filed with the Commission a Registration Statement on Form&#8239;8-A (File
Number 001-[ ]) providing for the registration under the Securities Exchange Act of 1934, as amended (the &#8220;<B>Exchange Act</B>&#8221;),
of the Units, the Public Shares and the Public Warrants. The registration of the Units, Public Shares and Public Warrants under the Exchange
Act has been declared effective by the Commission on the date hereof and the Units, the Public Shares and the Public Warrants have been
registered pursuant to Section&#8239;12(b) of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.1.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>No Stop Orders, Etc</U>. Neither the Commission nor, to the Company&#8217;s knowledge, assuming reasonable inquiry, any federal,
state or other regulatory authority has issued any order or threatened to issue any order preventing or suspending the use of the Registration
Statement, any Preliminary Prospectus, the Sale Preliminary Prospectus or Prospectus or any part thereof, or has instituted or, to the
Company&#8217;s knowledge, assuming reasonable inquiry, threatened to institute any proceedings with respect to such an order.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Disclosures in Registration Statement</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.2.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>10b-5 Representation</U>. At the time of effectiveness of the Registration Statement (or at the time of any post-effective amendment
to the Registration Statement) and at all times subsequent thereto up to the Closing Date and the Option Closing Date, if any, the Registration
Statement, the Sale Preliminary Prospectus and the Prospectus do and will contain all material statements that are required to be stated
therein in accordance with the Act and the Regulations, and did or will, in all material respects, conform to the requirements of the
Act and the Regulations. The Registration Statement, as of the Effective Date, did not, and the amendments and supplements thereto, as
of their respective dates, will not, contain any untrue statement of a material fact or omit to state any material fact required to be
stated therein, or necessary to make the statements therein, not misleading. The Prospectus, as of its date and the Closing Date or the
Option Closing Date, as the case may be, did not, and the amendments and supplements thereto, as of their respective dates, will not,
include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in
the light of the circumstances under which they were made, not misleading. The Sale Preliminary Prospectus, as of the Time of Sale (or
such subsequent Time of Sale pursuant to <U>Section&#8239;2.1.1</U>), did not include any untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading. When any Preliminary Prospectus or the Sale Preliminary Prospectus was first filed with the Commission (whether filed
as part of the Registration Statement for the registration of the Units, Public Shares and Public Warrants or any amendment thereto or
pursuant to Rule&#8239;424(a) of the Regulations) and when any amendment thereof or supplement thereto was first filed with the Commission,
such Preliminary Prospectus or the Sale Preliminary Prospectus and any amendments thereof and supplements thereto complied or will have
been corrected in the Sale Preliminary Prospectus and the Prospectus to comply in all material respects with the applicable provisions
of the Act and the Regulations and did not and will not contain an untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they
were made, not misleading. The representation and warranty made in this <U>Section&#8239;2.2.1</U> does not apply to statements made or
statements omitted in reliance upon and in conformity with written information furnished to the Company with respect to the Underwriters
by the Underwriters expressly for use in the Registration Statement, the Sale Preliminary Prospectus or the Prospectus or any amendment
thereof or supplement thereto. The parties acknowledge and agree that such information provided by or on behalf of the Underwriters consists
solely of the following: the names of the Underwriters, the information with respect to dealers&#8217; concessions and reallowances contained
in the section entitled &#8220;Underwriting,&#8221; the information with respect to short positions and stabilizing transactions contained
in the section entitled &#8220;Underwriting&#8221; and the identity of counsel to the Underwriters contained in the section entitled &#8220;Legal
Matters&#8221; (such information, collectively, the &#8220;<B>Underwriters&#8217; Information</B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.2.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Disclosure
of Agreements</U>. The agreements and documents described in the Registration Statement, the Sale Preliminary Prospectus and the
Prospectus conform to the descriptions thereof contained therein in all material respects and there are no agreements or other
documents required to be described in the Registration Statement, the Sale Preliminary Prospectus or the Prospectus or to be filed
with the Commission as exhibits to the Registration Statement, that have not been so described or filed. Each agreement or other
instrument (however characterized or described) to which the Company is a party or by which its property or business is or may be
bound or affected and (i)&#8239;that is referred to in the Registration Statement, Sale Preliminary Prospectus or the Prospectus or
attached as an exhibit thereto, or (ii)&#8239;that is material to the Company&#8217;s business, has been duly authorized and validly
executed by the Company, is in full force and effect and is enforceable against the Company and, to the Company&#8217;s knowledge,
assuming reasonable inquiry, the other parties thereto, in accordance with its terms, except (x)&#8239;as such enforceability may be
limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors&#8217; rights generally, (y)&#8239;as
enforceability of any indemnification or contribution provision may be limited under the foreign, federal and state securities laws,
and (z)&#8239;that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the
equitable defenses and to the discretion of the court before which any proceeding therefor may be brought, and no such agreement or
instrument has been assigned by the Company, and neither the Company nor, to the Company&#8217;s knowledge, assuming reasonable
inquiry, any other party is in breach or default thereunder and, to the Company&#8217;s knowledge, assuming reasonable inquiry, no
event has occurred that, with the lapse of time or the giving of notice, or both, would constitute a breach or default thereunder.
To the Company&#8217;s knowledge, assuming reasonable inquiry, the performance by the Company of the material provisions of such
agreements or instruments will not result in a violation of any existing applicable law, rule, regulation, judgment, order or decree
of any governmental agency or court, domestic or foreign, having jurisdiction over the Company or any of its assets or businesses,
including, without limitation, those relating to environmental laws and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.2.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Prior Securities Transactions</U>. No securities of the Company have been sold by the Company or by or on behalf of, or for
the benefit of, any person or persons controlling, controlled by, or under common control with the Company since the date of the Company&#8217;s
formation, except as disclosed in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.2.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Regulations</U>. The disclosures in the Registration Statement, the Sale Preliminary Prospectus and Prospectus concerning the
effects of federal, foreign, state, and local regulation on the Company&#8217;s business as currently contemplated are correct in all
material respects and do not omit to state a material fact necessary to make the statements therein, in the light of the circumstances
in which they were made, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Changes After Dates in Registration Statement</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.3.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>No Material Adverse Change</U>. Since the respective dates as of which information is given in the Registration Statement, the
Sale Preliminary Prospectus and the Prospectus, except as otherwise specifically stated therein, (i)&#8239;there has been no material adverse
change in the condition, financial or otherwise, or business prospects of the Company, (ii)&#8239;there have been no material transactions
entered into by the Company, other than as contemplated pursuant to this Agreement, (iii)&#8239;no member of the Company&#8217;s board
of directors (the &#8220;<B>Board of Directors</B>&#8221;) or management has resigned from any position with the Company and (iv)&#8239;no
event or occurrence has taken place which materially impairs, or would likely materially impair, with the passage of time, the ability
of the members of the Board of Directors or management to act in their capacities with the Company as described in the Registration Statement,
the Sale Preliminary Prospectus and the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.3.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Recent Securities Transactions</U>. Subsequent to the respective dates as of which information is given in the Registration
Statement, the Sale Preliminary Prospectus and the Prospectus, and except as may otherwise be indicated or contemplated herein or therein,
the Company has not (i)&#8239;issued any securities or incurred any liability or obligation, direct or contingent, for borrowed money;
or (ii)&#8239;declared or paid any dividend or made any other distribution on or in respect to its share capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Independent Registered Public Accounting Firm</U>. To the Company&#8217;s knowledge, assuming reasonable inquiry, CBIZ CPAs
P.C. (&#8220;<B>CBIZ</B>&#8221;), whose report is filed with the Commission as part of, and is included in, the Registration Statement,
the Sale Preliminary Prospectus and the Prospectus, is an independent registered public accounting firm as required by the Act, the Regulations
and the Public Company Accounting Oversight Board (the &#8220;<B>PCAOB</B>&#8221;), including the rules and regulations promulgated by
such entity. To the Company&#8217;s knowledge, assuming reasonable inquiry, CBIZ is currently registered with the PCAOB. CBIZ has not,
during the periods covered by the financial statements included in the Registration Statement, the Sale Preliminary Prospectus and the
Prospectus, provided to the Company any non-audit services, as such term is used in Section&#8239;10A(g) of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Financial Statements; Statistical Data</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.5.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Financial
Statements</U>. The financial statements, including the notes thereto and supporting schedules (if any) included in the Registration
Statement, the Sale Preliminary Prospectus and the Prospectus fairly present the financial position, the results of operations and
the cash flows of the Company at the dates and for the periods to which they apply; such financial statements have been prepared in
conformity with United States generally accepted accounting principles (&#8220;<B>GAAP</B>&#8221;), consistently applied throughout
the periods involved; and the supporting schedules included in the Registration Statement, the Sale Preliminary Prospectus and the
Prospectus present fairly the information required to be stated therein in conformity with the Regulations. No other financial
statements or supporting schedules are required to be included or incorporated by reference in the Registration Statement, the Sale
Preliminary Prospectus or the Prospectus. The Registration Statement, the Sale Preliminary Prospectus and the Prospectus disclose
all material off-balance sheet transactions, arrangements, obligations (including contingent obligations), and other relationships
of the Company with unconsolidated entities or other persons that may have a material current or future effect on the
Company&#8217;s financial condition, changes in financial condition, results of operations, liquidity, capital expenditures, capital
resources, or significant components of revenues or expenses. There are no pro forma or as adjusted financial statements that are
required to be included in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus in accordance with
Regulation S-X or Form&#8239;S-1 that have not been included as required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.5.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Statistical Data</U>. The statistical, industry-related and market-related data included in the Registration Statement, the
Sale Preliminary Prospectus, and/or the Prospectus are based on or derived from sources that the Company reasonably and in good faith
believes are reliable and accurate, and such data materially agree with the sources from which they are derived.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Authorized Capital; Options</U>. The Company had at the date or dates indicated in each of the Registration Statement, the Sale
Preliminary Prospectus, and the Prospectus, as the case may be, duly authorized, issued and outstanding capitalization as set forth in
the Registration Statement, the Sale Preliminary Prospectus, and the Prospectus. Based on the assumptions stated in the Registration Statement,
the Sale Preliminary Prospectus, and the Prospectus, the Company will have on the Closing Date or on the Option Closing Date, as the case
may be, the adjusted share capitalization set forth therein. Except as set forth in, or contemplated by the Registration Statement, the
Sale Preliminary Prospectus and the Prospectus, on the Effective Date and on the Closing Date or Option Closing Date, as the case may
be, there will be no options, warrants, or other rights to purchase or otherwise acquire any authorized but unissued Ordinary Shares or
any security convertible into Ordinary Shares, or any contracts or commitments to issue or sell Ordinary Shares or any such options, warrants,
rights or convertible securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Valid Issuance of Securities</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.7.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Outstanding Securities</U>. All issued and outstanding securities of the Company issued prior to the transactions contemplated
by this Agreement have been duly authorized and validly issued and are fully paid and non-assessable; the holders thereof have no rights
of rescission with respect thereto, and are not subject to personal liability by reason of being such holders; and none of such securities
was issued in violation of the preemptive rights of any holders of any security of the Company or similar contractual rights granted by
the Company. The authorized and outstanding securities of the Company conform in all material respects to all statements relating thereto
contained in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus. All offers and sales and any transfers of
the outstanding securities of the Company were at all relevant times either registered under the Act and the applicable state securities
or Blue Sky laws or, based in part on the representations and warranties of the purchasers of such securities, exempt from such registration
requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.7.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Securities
Sold</U>. The Public Securities have been duly authorized and reserved for issuance and when issued and paid for in accordance with
this Agreement, will be validly issued, and the Ordinary Shares will be fully paid and non-assessable; the holders thereof are not
and will not be subject to personal liability by reason of being such holders; the Public Securities are not and will not be subject
to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all
corporate action required to be taken for the authorization, issuance and sale of the Public Securities has been duly and validly
taken. The form of certificates for the Public Securities conform to the corporate law of the jurisdiction of the Company&#8217;s
incorporation and applicable securities laws. The Public Securities conform in all material respects to the descriptions thereof
contained in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus, as the case may be. When paid for and
issued, the Public Warrants included in the Units will constitute valid and binding obligations of the Company to issue and deliver
the number and type of securities of the Company called for thereby in accordance with the terms thereof and such Public Warrants
are enforceable against the Company in accordance with their respective terms, except: (i)&#8239;as such enforceability may be
limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors&#8217; rights generally; (ii)&#8239;as
enforceability of any indemnification or contribution provision may be limited under foreign, federal and state securities laws; and
(iii)&#8239;that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the
equitable defenses and to the discretion of the court before which any proceeding therefor may be brought. The Ordinary Shares
issuable upon exercise of the Public Warrants have been reserved for issuance upon the exercise of the Public Warrants and upon
payment of the consideration therefor, and when issued and delivered in accordance with the terms thereof and the Warrant Agreement
(as defined in <U>Section&#8239;2.23</U>) such Ordinary Shares will be duly and validly authorized, validly issued, fully paid and
non-assessable, and the holders thereof are not and will not be subject to personal liability by reason of being such holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.7.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Placement Securities</U>. The Placement Warrants constitute valid and binding obligations of the Company to issue the number
and type of securities of the Company called for thereby in accordance with the terms thereof, and are, or will be, enforceable against
the Company in accordance with their terms, except: (i)&#8239;as such enforceability may be limited by bankruptcy, insolvency, reorganization
or similar laws affecting creditors&#8217; rights generally; (ii)&#8239;as enforceability of any indemnification or contribution provision
may be limited under foreign, federal and state securities laws; and (iii)&#8239;that the remedy of specific performance and injunctive
and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding
therefor may be brought. The Ordinary Shares issuable upon exercise of the Placement Warrants have been reserved for issuance and, when
issued and delivered in accordance with the terms of the Placement Warrants and the Warrant Agreement (as defined in <U>Section&#8239;2.23</U>),
such Ordinary Shares will be duly and validly authorized, validly issued and upon payment therefor, fully paid and non-assessable, and
the holders thereof are not and will not be subject to personal liability by reason of being such holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.7.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>No Integration</U>. Neither the Company nor any of its affiliates has, prior to the date hereof, made any offer or sale of any
securities which are required to be or may be &#8220;integrated&#8221; pursuant to the Act or the Regulations with the Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.8<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Registration Rights of Third Parties</U>. Except as set forth in the Registration Statement, the Sale Preliminary Prospectus
and the Prospectus, no holders of any securities of the Company or any rights exercisable for or convertible or exchangeable into securities
of the Company have the right to require the Company to register any such securities of the Company under the Act or to include any such
securities in a registration statement to be filed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.9<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Validity and Binding Effect of Agreements</U>. This Agreement, the Insider Letters (as defined in <U>Section&#8239;2.21.1</U>),
the Warrant Agreement (as defined in <U>Section&#8239;2.23</U>), the Trust Agreement, the Services Agreement (as defined in <U>Section&#8239;2.21.4</U>),
the Registration Rights Agreement (as defined in <U>Section&#8239;2.21.5</U>) and the Purchase Agreements (as defined in <U>Section&#8239;2.21.3</U>)
(collectively with this Agreement, the &#8220;<B>Transaction Documents</B>&#8221;) have been duly and validly authorized by the Company
and, when executed and delivered, will constitute the valid and binding agreements of the Company, enforceable against the Company in
accordance with their respective terms, except: (i)&#8239;as such enforceability may be limited by bankruptcy, insolvency, reorganization
or similar laws affecting creditors&#8217; rights generally, (ii)&#8239;with respect to this Agreement only, as enforceability of any indemnification
or contribution provision may be limited under the foreign, federal and state securities laws and (iii)&#8239;that the remedy of specific
performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court
before which any proceeding therefor may be brought.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.10<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>No Conflicts, Etc</U>. The execution, delivery, and performance by the Company of the Transaction Documents, the consummation
by the Company of the transactions herein and therein contemplated and the compliance by the Company with the terms hereof and thereof
do not and will not, with or without the giving of notice or the lapse of time or both: (i)&#8239;result in a breach or violation of, or
conflict with any of the terms and provisions of, or constitute a default under, or result in the creation, modification, termination
or imposition of any lien, charge or encumbrance upon any property or assets of the Company pursuant to the terms of any agreement, obligation,
condition, covenant or instrument to which the Company is a party or bound or to which its property is subject except pursuant to the
Trust Agreement; (ii)&#8239;result in any violation of the provisions of the Amended and Restated Memorandum and Articles of Association,
as amended, of the Company (collectively, the &#8220;<B>Charter Documents</B>&#8221;); or (iii)&#8239;violate any existing applicable statute,
law, rule, regulation, judgment, order or decree of any governmental agency or court, domestic or foreign, having jurisdiction over the
Company or any of its properties, assets or business constituted as of the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.11<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT> <U>No Defaults; Violations</U>. No default or violation exists in the due performance and observance of any term, covenant or
condition of any license, contract, indenture, mortgage, deed of trust, note, loan or credit agreement, or any other agreement or instrument
evidencing an obligation for borrowed money, or any other agreement or instrument to which the Company is a party or by which the Company
may be bound or to which any of the properties or assets of the Company is subject. The Company is not in violation of any term or provision
of its Charter Documents or in violation of any franchise, license, permit, applicable law, rule, regulation, judgment or decree of any
governmental agency or court, domestic or foreign, having jurisdiction over the Company or any of its properties or businesses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.12<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Corporate Power; Licenses; Consents</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.12.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Conduct of Business</U>. The Company has all requisite corporate power and authority, and has all necessary authorizations,
approvals, orders, licenses, certificates and permits of and from all governmental regulatory officials and bodies that it needs as of
the date hereof to conduct its business for the purposes as described in the Registration Statement, the Sale Preliminary Prospectus and
the Prospectus. The disclosures in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus concerning the effects
of foreign, federal, state and local regulation on the Offering and the Company&#8217;s business purpose as currently contemplated are
correct in all material respects and do not omit to state a material fact required to be stated therein or necessary in order to make
the statements therein, in light of the circumstances under which they were made, not misleading. Since its formation, the Company has
conducted no business and has incurred no liabilities other than in connection with its formation and in furtherance of the Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.12.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Transactions Contemplated</U>. The Company has all requisite corporate power and authority to enter into the Transaction Documents
and to carry out the provisions and conditions hereof and thereof, and all consents, authorizations, approvals and orders required in
connection herewith and therewith have been obtained. No consent, authorization, or order of, and no filing with, any court, government
agency or other body, foreign or domestic, is required for the valid issuance, sale, and delivery, of the Securities and the consummation
of the transactions and agreements contemplated by the Transaction Documents and as contemplated by the Registration Statement, the Sale
Preliminary Prospectus and the Prospectus, except with respect to applicable foreign, federal and state securities laws, the rules of
the Nasdaq Global Market tier of The Nasdaq Stock Market LLC (&#8220;<B>Nasdaq</B>&#8221;), and the rules and regulations promulgated
by FINRA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.12.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Jurisdiction and Designation</U>. The Company has the power to submit, and pursuant to <U>Section&#8239;9.7</U> of this Agreement
has, to the extent permitted by law, legally, validly and irrevocably submitted, to the jurisdiction of any New&#8239;York State or United
States Federal court sitting in The City of New&#8239;York, Borough of Manhattan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.13<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>D&amp;O Questionnaires</U>. To the Company&#8217;s knowledge, assuming reasonable inquiry, all information contained in the
questionnaires (the &#8220;<B>Questionnaires</B>&#8221;) completed by each of the Company&#8217;s officers and directors and by each person
or entity who was a shareholder of the Company prior to the Offering (the &#8220;<B>Insiders</B>&#8221;) and provided to the Representative
and its counsel and the biographies of the Insiders contained in the Registration Statement, Sale Preliminary Prospectus and the Prospectus
(to the extent a biography is contained) is true and correct and the Company has not become aware of any information which would cause
the information disclosed in the Questionnaires completed by each Insider to become inaccurate, incorrect or incomplete.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.14<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Litigation; Governmental Proceedings</U>. There is no action, suit, proceeding, inquiry, arbitration, investigation, litigation
or governmental proceeding pending, or to the Company&#8217;s knowledge, assuming reasonable inquiry, threatened against or involving
the Company or, to the Company&#8217;s knowledge, assuming reasonable inquiry, any Insider or any shareholder or member of an Insider
that has not been disclosed, that is required to be disclosed, in the Registration Statement, the Sale Preliminary Prospectus, the Prospectus
or the Questionnaires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.15<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Good Standing</U>. The Company has been duly organized and is validly existing as a corporation and is in good standing under
the laws of its jurisdiction of incorporation. The Company is duly qualified to do business and is in good standing as a foreign corporation
in each jurisdiction in which its ownership or lease of property or the conduct of business requires such qualification, except where
the failure to qualify would not have a material adverse effect on the condition (financial or otherwise), earnings, assets, prospects,
business, operations or properties of the Company, whether or not arising from transactions in the ordinary course of business (a &#8220;<B>Material
Adverse Effect</B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.16<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT> <U>No Contemplation of a Business Combination</U>. As of the date of this Agreement, the Company has not selected any specific
Business Combination target (each a &#8220;<B>Target Business</B>&#8221;) and it has not, nor has anyone on its behalf, initiated any
substantive discussions, directly or indirectly, with any Target Business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.17<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Transactions Requiring Disclosure to FINRA</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.17.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Finder&#8217;s Fees</U>. Except as described in the Registration Statement, the Sale Preliminary Prospectus or the Prospectus,
there are no claims, payments, arrangements, agreements or understandings relating to the payment of a brokerage commission or finder&#8217;s,
consulting or origination fee by the Company or any Insider with respect to the sale of the Securities hereunder or any other arrangements,
agreements or understandings of the Company or to the Company&#8217;s knowledge, assuming reasonable inquiry, any Insider, that may affect
the Underwriters&#8217; compensation, as determined by FINRA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.17.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Payments Within 180 Days</U>. The Company has not made any direct or indirect payments (in cash, securities or otherwise) to:
(i)&#8239;any person, as a finder&#8217;s fee, consulting fee or otherwise, in consideration of such person raising capital for the Company
or introducing to the Company persons who raised or provided capital to the Company; or (ii)&#8239; any &#8220;participating member,&#8221;
as defined in FINRA Rule&#8239;5110(j)(15) (a &#8220;<B>Participating Member</B>&#8221;), within the 180-day period prior to the initial
filing of the Registration Statement, other than the prior payments to the Representative in connection with the Offering. The Company
has not issued any warrants or other securities, or granted any options, directly or indirectly, to anyone who is a Participating Member
within the 180-day period prior to the initial filing date of the Registration Statement. No person to whom securities of the Company
have been privately issued within the 180-day period prior to the initial filing date of the Registration Statement has any relationship
or affiliation or association with any Participating Member. Except with respect to the Representative in connection with the Offering,
the Company has not entered into any agreement or arrangement (including, without limitation, any consulting agreement or any other type
of agreement) during the 180-day period prior to the initial filing date of the Registration Statement with the Commission, which arrangement
or agreement provides for the receipt of any &#8220;underwriting compensation,&#8221; as defined in FINRA Rule&#8239;5110, by any Participating
Member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.17.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>FINRA Affiliation</U>. No officer or director or any direct beneficial owner (including the Insiders) of any class of the Company&#8217;s
unregistered securities (whether debt or equity, registered or unregistered, regardless of the time acquired or the source from which
derived), or any indirect beneficial owner (including the Insiders) of 10% or more of any class thereof, has any direct or indirect affiliation
or association with any Participating Member (as determined in accordance with the rules and regulations of FINRA). The Company will advise
the Representative and EGS if it learns that any officer or director or any direct or indirect beneficial owner (including the Insiders)
is or becomes an affiliate or associated person of a Participating Member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.17.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Share Ownership</U>. No officer or director or any direct beneficial owner (including the Insiders) of any class of the Company&#8217;s
unregistered securities, or any indirect beneficial owner (including the Insiders) of 10% or more of any class thereof, is an owner of
shares or other securities of any Participating Member (other than securities purchased on the open market).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.17.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Loans</U>. No officer or director or any direct beneficial owner (including the Insiders) of any class of the Company&#8217;s
unregistered securities, or any indirect beneficial owner (including the Insiders) of 10% or more of any class thereof, has made a subordinated
loan to any Participating Member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.17.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Proceeds of the Offering</U>. No proceeds from the sale of the Public Securities (excluding underwriting compensation) or the
Placement Warrants will be paid to any Participating Member, or any persons associated or affiliated with a Participating Member, except
as specifically authorized herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.17.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Conflicts of Interest</U>. To the Company&#8217;s knowledge, assuming reasonable inquiry, no Participating Member has a conflict
of interest with the Company. For this purpose, a &#8220;<B>conflict of interest</B>&#8221; exists when a Participating Member and/or
its associated persons, parent or affiliates in the aggregate beneficially own 10% or more of the Company&#8217;s outstanding subordinated
debt or common equity, or 10% or more of the Company&#8217;s preferred equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.18<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT> <U>Taxes</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.18.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>There are no transfer taxes or other similar fees or charges under U.S.&#8239;federal law or the laws of any U.S.&#8239;state or
any political subdivision of the United States, or under the laws of any non-U.S.&#8239;jurisdiction, required to be paid in connection
with the execution and delivery of this Agreement or the issuance or sale by the Company of the Public Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.18.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>The Company has filed all U.S.&#8239;federal, state and local, and non-U.S., tax returns required to be filed with taxing authorities
prior to the date hereof in a timely manner or has duly obtained extensions of time for the filing thereof. The Company has paid all taxes
shown as due on such returns that were filed and has paid all taxes imposed on it and any other assessment, fine or penalty levied against
it, to the extent that any of the foregoing is due and payable. The Company has made appropriate provisions in the applicable financial
statements referred to in <U>Section&#8239;2.5.1</U> above in respect of all federal, state, local and foreign income and franchise taxes
for all current or prior periods as to which the tax liability of the Company has not been finally determined.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.19<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Foreign Corrupt Practices Act; Anti-Money Laundering; Patriot Act</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.19.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Foreign Corrupt Practices Act</U>. Neither the Company nor to the Company&#8217;s knowledge, assuming reasonable inquiry, any
of the Insiders or any other person acting on behalf of the Company has, directly or indirectly, given or agreed to give any money, gift
or similar benefit (other than legal price concessions to customers in the ordinary course of business) to any customer, supplier, employee
or agent of a customer or supplier, or official or employee of any governmental agency or instrumentality of any government (domestic
or foreign) or any political party or candidate for office (domestic or foreign) or other person who was, is, or may be in a position
to help or hinder the business of the Company (or assist it in connection with any actual or proposed transaction) that (i)&#8239;might
subject the Company to any damage or penalty in any civil, criminal or governmental litigation or proceeding, (ii)&#8239;if not given in
the past, might have had a Material Adverse Effect, or (iii)&#8239;if not continued in the future, might adversely affect the assets, business
or operations of the Company. The Company has taken reasonable steps to ensure that its accounting controls and procedures are sufficient
to cause the Company to comply in all material respects with the Foreign Corrupt Practices Act of 1977, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.19.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Currency and Foreign Transactions Reporting Act</U>. The operations of the Company are and have been conducted at all times
in compliance with (i)&#8239;the requirements of the U.S.&#8239;Treasury Department Office of Foreign Asset Control and (ii)&#8239;applicable
financial recordkeeping and reporting requirements of the Currency and Foreign Transaction Reporting Act of 1970, as amended, including
the Money Laundering Control Act of 1986, as amended, the rules and regulations thereunder and any related or similar money laundering
statutes, rules, regulations or guidelines, issued, administered or enforced by any Federal governmental agency (collectively, the &#8220;<B>Money
Laundering Laws</B>&#8221;) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any
arbitrator involving the Company with respect to the Money Laundering Laws is pending or, to the Company&#8217;s knowledge, assuming reasonable
inquiry, threatened.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.19.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Patriot Act</U>. Neither the Company nor to the Company&#8217;s knowledge, assuming reasonable inquiry, any Insider has violated
the Bank Secrecy Act of 1970, as amended, or Uniting and Strengthening of America by Providing Appropriate Tools Required to Intercept
and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, and/or the rules and regulations promulgated under any such law, or any successor
law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.20<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Officers&#8217; Certificate</U>. Any certificate signed by any duly authorized officer of the Company in connection with the
Offering and delivered to the Representative or to EGS shall be deemed a representation and warranty by the Company to the Underwriters
as to the matters covered thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.21<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Agreements With Insiders</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.21.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Insider
Letters</U>. The Company has caused to be duly executed legally binding and enforceable agreements (except (i)&#8239;as such
enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors&#8217; rights generally,
(ii)&#8239;as enforceability of any indemnification, contribution or non-compete provision may be limited under foreign, federal and
state securities laws, and (iii)&#8239;that the remedy of specific performance and injunctive and other forms of equitable relief may
be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought), the
forms of which are annexed as exhibits to the Registration Statement (the &#8220;<B>Insider Letters</B>&#8221;), pursuant to which
each of the Insiders of the Company agree to certain matters. The Insider Letters shall not be amended, modified or otherwise
changed without the prior written consent of the Representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.21.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Sponsor Purchase Agreement</U>. Sponsor has executed and delivered a Private Placement Warrants Purchase Agreement, the form
of which is annexed as an exhibit to the Registration Statement (the &#8220;<B>Sponsor Purchase Agreement</B>&#8221;), pursuant to which
Sponsor will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Sponsor Placement
Warrants to be sold to Sponsor described in <U>Section&#8239;1.4.2</U>. Pursuant to the applicable Insider Letter, Sponsor has waived any
and all rights and claims it may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Sponsor Placement
Warrants. Certain proceeds from the sale of the Sponsor Placement Warrants will be deposited by the Company in the Trust Account in accordance
with the terms of the Trust Agreement on the Closing Date as provided for in the Sponsor Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.21.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Representative Purchase Agreement</U>. The Representative has executed and delivered a Private Placement Warrants Purchase Agreement,
the form of which is annexed as an exhibit to the Registration Statement (the &#8220;<B>Representative Purchase Agreement</B>&#8221;,
and together with the Sponsor Purchase Agreement, the &#8220;<B>Purchase Agreements</B>&#8221;), pursuant to which the Representative
will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Representative Placement
Warrants to be sold to the Representative described in <U>Section&#8239;1.4.2</U>. Pursuant to the Representative Purchase Agreement, the
Representative has waived any and all rights and claims it may have to any proceeds, and any interest thereon, held in the Trust Account
in respect of the Representative Placement Warrants. Certain proceeds from the sale of the Representative Placement Warrants will be deposited
by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date as provided for in the Representative
Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.21.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Administrative Services</U>. The Company and Sponsor have entered into an agreement (&#8220;<B>Services Agreement</B>&#8221;)
substantially in the form annexed as an exhibit to the Registration Statement pursuant to which Sponsor will make available to the Company
office space, utilities and secretarial and administrative support for the Company&#8217;s use for $10,000 per month payable until the
earlier of the consummation by the Company of a Business Combination or the liquidation of the Trust Account, on the terms and subject
to the conditions set forth in the Services Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.21.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Registration Rights Agreement</U>. The Company, Sponsor, the Representative and the other security holders party thereto have
entered into a Registration Rights Agreement (&#8220;<B>Registration Rights Agreement</B>&#8221;) substantially in the form annexed as
an exhibit to the Registration Statement, whereby such parties will be entitled to certain registration rights with respect to the securities
they hold or may hold, as set forth in such Registration Rights Agreement and described more fully in the Registration Statement, the
Sale Preliminary Prospectus and the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.21.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Loans</U>. Sponsor has agreed to make loans to the Company in the aggregate amount of up to $250,000 (&#8220;<B>Insider Loans</B>&#8221;)
pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not
bear any interest and are repayable by the Company on the earlier of March 31, 2025 or the consummation of the Offering. The loan will
be repaid out of the $750,000 of offering proceeds that has been allocated to the payment of offering expenses. As of December 31, 2024,
the Company had borrowed $41,626 under the promissory note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.22<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Investment Management Trust Agreement</U>. The Company has entered into the Trust Agreement with respect to certain proceeds
of the Offering and the Private Placement substantially in the form annexed as an exhibit to the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.23<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Warrant Agreement</U>. The Company has entered into a warrant agreement with CST with respect to the Public Warrants underlying
the Units, the Placement Warrants and certain other warrants that may be issued by the Company substantially in the form annexed as an
exhibit to the Registration Statement (&#8220;<B>Warrant Agreement</B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.24<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>No Existing Non-Competition Agreements</U>. No Insider is subject to any non-competition agreement or non-solicitation agreement
with any employer or prior employer which could materially affect his ability to be an employee, officer and/or director of the Company,
except as disclosed in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.25<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT> <U>Investments</U>. No more than 45% of the &#8220;value&#8221; (as defined in Section&#8239;2(a)(41) of the Investment Company
Act of 1940, as amended (&#8220;<B>Investment Company Act</B>&#8221;)) of the Company&#8217;s total assets consist of, and no more than
45% of the Company&#8217;s net income after taxes is derived from, securities other than &#8220;Government Securities&#8221; (as defined
in Section&#8239;2(a)(16) of the Investment Company Act) or money market funds meeting the conditions of Rule&#8239;2a-7 of the Investment
Company Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.26<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Investment Company Act</U>. The Company is not required, and upon the issuance and sale of the Securities as herein contemplated
and the application of the net proceeds therefrom as described in the Sale Preliminary Prospectus and Prospectus will not be required,
to register as an &#8220;investment company&#8221; under the Investment Company Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.27<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Subsidiaries</U>. The Company does not own an interest in any corporation, partnership, limited liability company, joint venture,
trust or other business entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.28<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Related Party Transactions</U>. No relationship, direct or indirect, exists between or among the Company, on the one hand, and
any Insider, on the other hand, which is required by the Act, the Exchange Act or the Regulations to be described in the Registration
Statement, the Sale Preliminary Prospectus and the Prospectus which is not so described as required. There are no outstanding loans, advances
(except normal advances for business expenses in the ordinary course of business), or guarantees of indebtedness by the Company to or
for the benefit of any of the officers or directors of the Company or any of their respective family members, except as disclosed in the
Registration Statement, the Sale Preliminary Prospectus and Prospectus. The Company has not extended or maintained credit, arranged for
the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or officer of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.29<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>No Influence</U>. The Company has not offered, or caused the Underwriters to offer, the Firm Units to any person or entity with
the intention of unlawfully influencing: (a)&#8239;a customer or supplier of the Company or any affiliate of the Company to alter the customer&#8217;s
or supplier&#8217;s level or type of business with the Company or such affiliate or (b)&#8239;a journalist or publication to write or publish
favorable information about the Company or any such affiliate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.30<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Sarbanes-Oxley</U>. The Company is, and on the Closing Date will be, in material compliance with the provisions of the Sarbanes-Oxley
Act of 2002, as amended (the &#8220;<B>Sarbanes-Oxley Act</B>&#8221;), and the rules and regulations promulgated thereunder and related
or similar rules or regulations promulgated by any governmental or self-regulatory entity or agency, that are applicable to it as of the
date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.31<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Distribution of Offering Material by the Company</U>. The Company has not distributed and will not distribute, prior to the
later of the Closing Date and the completion of the distribution of the Units, any offering material in connection with the offering and
sale of the Units other than the Sale Preliminary Prospectus and the Prospectus, in each case as supplemented and amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.32<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Nasdaq</U>. The Units, Public Shares and Public Warrants have been authorized for listing, subject to official notice of issuance
and evidence of satisfactory distribution, on the Nasdaq Global Market and the Company knows of no reason or set of facts that is likely
to adversely affect such authorization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.33<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Board of Directors</U>. As of the Effective Date, the Board of Directors of the Company will be comprised of the persons set
forth as &#8220;Directors&#8221; or &#8220;Director nominees&#8221; under the heading of the Sale Preliminary Prospectus and the Prospectus
captioned &#8220;Management.&#8221; As of the Effective Date, the qualifications of the persons serving as board members and the overall
composition of the board will comply with the Sarbanes-Oxley Act and the rules promulgated thereunder and the rules of Nasdaq that are,
in each case, applicable to the Company. As of the Effective Date, the Company will have an Audit Committee that satisfies the applicable
requirements under the Sarbanes-Oxley Act and the rules promulgated thereunder and the rules of Nasdaq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.34<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Emerging Growth Company</U>. From its formation through the date hereof, the Company has been and is an &#8220;emerging growth
company,&#8221; as defined in Section&#8239;2(a) of the Act (an &#8220;<B>Emerging Growth Company</B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.35<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>No
Disqualification Events</U>. Neither the Company, nor any of its predecessors or any affiliated issuer, nor any director, executive
officer, or other officer of the Company participating in the Offering, nor any beneficial owner of 20% or more of the
Company&#8217;s outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is
defined in Rule&#8239;405 under the Act) connected with the Company in any capacity at the time of sale (each, a &#8220;<B>Company
Covered Person</B>&#8221; and, together, &#8220;<B>Company Covered Persons</B>&#8221;) is subject to any of the &#8220;Bad
Actor&#8221; disqualifications described in Rule&#8239;506(d)(1)(i) to (viii) under the Act (a &#8220;Disqualification Event&#8221;),
except for a Disqualification Event covered by Rule&#8239;506(d)(2) or (d)(3). The Company has exercised reasonable care to determine
whether any Company Covered Person is subject to a Disqualification Event. The Company has complied, to the extent applicable, with
its disclosure obligations under Rule&#8239;506(e), and has furnished to the Underwriters a copy of any disclosures provided
thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.36<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Free-Writing Prospectus and Testing-the-Waters</U>. The Company has not made any offer relating to the Public Securities that
would constitute an issuer free writing prospectus, as defined in Rule&#8239;433 under the Act, or that would otherwise constitute a &#8220;free
writing prospectus&#8221; as defined in Rule&#8239;405. The Company: (a)&#8239;has not engaged in any Testing-the-Waters Communication other
than Testing-the-Waters Communications with the consent of the Representative with entities that are qualified institutional buyers within
the meaning of Rule&#8239;144A under the Act or institutions that are accredited investors within the meaning of Rule&#8239;501 under the
Act and (b)&#8239;has not authorized anyone to engage in Testing-the-Waters Communications other than its officers and the Representative
and individuals engaged by the Representative. The Company has not distributed any written Testing-the-Waters Communications other than
those listed on <U>Schedule B</U> hereto. &#8220;<B>Testing-the-Waters Communication</B>&#8221; means any oral or written communication
with potential investors undertaken in reliance on Section&#8239;5(d) of the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.37<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Other Covered Persons</U>. The Company is not aware of any person (other than any Company Covered Person or Underwriter) that
has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with the sale of any Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.38<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>No Fee Arrangements</U>. As of the date hereof, the Company has not entered into any agreement, written or oral, pursuant to
which the Company will be obligated to pay any Insider or an affiliate of any Insider a consulting, finder or success fees for assisting
the Company in consummating a Business Combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.39<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Underwriter Engagement</U>. The Company does not have any expectation, understanding or agreement with any Underwriter for such
Underwriter to provide any additional services to the Company after the consummation of the Offering relating to the initial Business
Combination, the financing thereof or other related transactions. Any Underwriter&#8217;s provision of any such additional services in
connection with the initial Business Combination will require the Company&#8217;s separate engagement of such Underwriter in connection
with the initial Business Combination and the entry into a related written engagement agreement between such Underwriter and the Company
setting forth the terms and conditions of the additional services to be provided by such Underwriter to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Covenants of the Company</U>. The Company covenants and agrees as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Amendments to Registration Statement</U>. The Company will deliver to the Representative, prior to filing, any amendment or
supplement to the Registration Statement, any Preliminary Prospectus or the Prospectus proposed to be filed after the Effective Date and
the Company shall not file any such amendment or supplement to which the Representative reasonably objects in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Federal Securities Laws</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.2.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Compliance</U>.
During the time when a Prospectus is required to be delivered under the Act, the Company will use its best efforts to comply with
all requirements imposed upon it by the Act, the Regulations, and the Exchange Act, and by the regulations under the Exchange Act,
as from time to time in force, so far as necessary to permit the continuance of sales of or dealings in the Securities in accordance
with the provisions hereof and the Sale Preliminary Prospectus and the Prospectus. If at any time when a Prospectus relating to the
Securities is required to be delivered under the Act, any event shall have occurred as a result of which, in the opinion of counsel
for the Company or counsel for the Underwriters, the Prospectus, as then amended or supplemented, includes an untrue statement of a
material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend or supplement the
Prospectus to comply with the Act, the Company will notify the Representative promptly and prepare and file with the Commission,
subject to <U>Section&#8239;3.1</U> hereof, an appropriate amendment or supplement in accordance with Section&#8239;10 of the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.2.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Filing of Final Prospectus</U>. The Company will file the Prospectus (in form and substance satisfactory to the Underwriters)
with the Commission pursuant to the requirements of Rule&#8239;424 of the Regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.2.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Exchange Act Registration</U>. The Company will use its best efforts to maintain the registration of the Units, Public Shares
and Public Warrants under the provisions of the Exchange Act (except in connection with a going-private transaction) for a period of five
years from the Effective Date, or until the Company is required to be liquidated or is acquired, if earlier, or, in the case of the Public
Warrants, until the Public Warrants expire and are no longer exercisable or have been exercised or redeemed in full. The Company will
not deregister the Public Securities under the Exchange Act (except in connection with a going private transaction after the completion
of a Business Combination) without the prior written consent of the Representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.2.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Exchange Act Filings</U>. From the Effective Date until the earlier of the Company&#8217;s initial Business Combination, or
its liquidation and dissolution, the Company shall timely file with the Commission via the Electronic Data Gathering, Analysis and Retrieval
System (&#8220;<B>EDGAR</B>&#8221;) such statements and reports as are required to be filed by a company registered under Section&#8239;12(b)
of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.2.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Sarbanes-Oxley Compliance</U>. As soon as it is legally required to do so, the Company shall take all actions necessary to obtain
and thereafter maintain material compliance with each applicable provision of the Sarbanes-Oxley Act and the rules and regulations promulgated
thereunder and related or similar rules and regulations promulgated by any other governmental or self-regulatory entity or agency with
jurisdiction over the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Free-Writing Prospectus; Emerging Growth Company Status</U>. The Company agrees that it will not make any offer relating to
the Public Securities that would constitute an issuer free writing prospectus, as defined in Rule&#8239;433 under the Act, or that would
otherwise constitute a &#8220;free writing prospectus&#8221; as defined in Rule&#8239;405, without the prior consent of the Underwriters.
The Company will promptly notify the Representative if the Company ceases to be an Emerging Growth Company at any time prior to the earlier
of the time period set forth in the Charter Documents (the &#8220;<B>Termination Date</B>&#8221; or, if the Company extends the period
during which it may enter into a Business Combination, the &#8220;<B>Extended Termination Date</B>&#8221;) or the liquidation of the Trust
Account if a Business Combination is not consummated by the Termination Date or Extended Termination Date, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Delivery to Underwriters of Prospectuses</U>. The Company will deliver to the Underwriters, without charge and from time to
time during the period when the Prospectus is required to be delivered under the Act or the Exchange Act, such number of copies of each
Preliminary Prospectus and the Prospectus as the Underwriters may reasonably request and, as soon as the Registration Statement or any
amendment or supplement thereto becomes effective, deliver to the Underwriters, upon their request, two manually executed Registration
Statements, including exhibits, and all post-effective amendments thereto and copies of all exhibits filed therewith or incorporated therein
by reference and all manually executed consents of certified experts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Effectiveness and Events Requiring Notice to the Representative</U>. The Company will use its best efforts to cause the Registration
Statement to remain effective and will notify the Representative immediately and confirm the notice in writing: (i)&#8239;of the effectiveness
of the Registration Statement and any amendment thereto; (ii)&#8239;of the issuance by the Commission of any stop order suspending the
effectiveness of the Registration Statement or any post-effective amendment thereto or preventing or suspending the use of any Preliminary
Prospectus or the Prospectus or of the initiation, or the threatening, of any proceeding for that purpose; (iii)&#8239;of the issuance
by any foreign or state securities commission of any proceedings for the suspension of the qualification of the Public Securities for
offering or sale in any jurisdiction or of the initiation, or the threatening, of any proceeding for that purpose; (iv)&#8239;of the mailing
and delivery to the Commission for filing of any amendment or supplement to the Registration Statement or Prospectus; (v)&#8239;of the
receipt of any comments or request for any additional information from the Commission; and (vi)&#8239;of the happening of any event that,
in the reasonable judgment of the Company, makes any statement of a material fact made in the Registration Statement or the Prospectus
untrue or that requires the making of any changes in the Registration Statement or the Prospectus in order to make the statements therein,
and in light of the circumstances under which they were made, not misleading. If the Commission or any foreign or state securities commission
shall enter a stop order or suspend such qualification at any time, the Company will make every reasonable effort to obtain promptly the
lifting of such order.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT> <U>Affiliated Transactions</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.6.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Business Combinations</U>. The Company will not consummate a Business Combination with any entity that is affiliated with any
Insider unless (i)&#8239;the Company obtains an opinion from an independent investment banking firm which is a member of FINRA or from
an independent entity that commonly renders valuation opinions stating that such a Business Combination is fair to the Company from a
financial point of view, and (ii)&#8239;such transaction is approved by a majority of the Company&#8217;s disinterested and independent
directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.6.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Compensation to Insiders</U>. Except as disclosed in the Prospectus or unless consented to by the Representative, the Company
shall not pay any of the Insiders or any of their affiliates any fees or compensation from the Company, for services rendered to the Company
prior to, or in connection with, the consummation of a Business Combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>[<U>Reserved</U>.]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.8<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Reports to the Representative</U>. For a period of five years from the Effective Date or until such earlier time upon which
the Company is required to be liquidated or is no longer required to file reports under the Exchange Act, the Company will furnish to
the Representative and its counsel copies of such financial statements and other periodic and special reports as the Company from time
to time furnishes generally to holders of any class of its securities, and promptly furnish to the Underwriters: (i)&#8239;a copy of each
periodic report the Company shall be required to file with the Commission, (ii)&#8239;a copy of every press release and every news item
and article with respect to the Company or its affairs that was released by the Company, (iii)&#8239;a copy of each current Report on Form&#8239;8-K
or Schedules&#8239;13D, 13G, 14D-1 or 13E-4 received or prepared by the Company, (iv)&#8239;two (2) copies of each registration statement
filed by the Company with the Commission under the Act, and (v)&#8239;such additional documents and information with respect to the Company
and the affairs of any future subsidiaries of the Company as the Representative may from time to time reasonably request; provided that
the Representative shall sign, if requested by the Company, a Regulation FD compliant confidentiality agreement which is reasonably acceptable
to the Representative and its counsel in connection with the Representative&#8217;s receipt of such information. Documents filed with
the Commission pursuant to its EDGAR system shall be deemed to have been delivered to the Representative pursuant to this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.9<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Transfer Agent</U>. For a period of five years following the Effective Date or until such earlier time upon which the Company
is required to be liquidated, the Company shall retain a transfer agent and warrant agent acceptable to the Representative. CST is acceptable
to the Representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.10<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Payment
of Expenses</U>. The Company hereby agrees to pay on each of the Closing Date and the Option Closing Date, if any, to the extent not
paid at the Closing Date, all Company expenses incident to the performance of the obligations of the Company under this Agreement,
including but not limited to (i)&#8239;the Company&#8217;s legal and accounting fees and disbursements, (ii)&#8239;the preparation,
printing, filing, mailing and delivery (including the payment of postage with respect to such mailing) of the Registration
Statement, the Preliminary Sale Prospectus and the Prospectus, including any pre- or post-effective amendments or supplements
thereto, and the printing and mailing of this Agreement and related documents, including the cost of all copies thereof and any
amendments thereof or supplements thereto supplied to the Underwriters in quantities as may be required by the Underwriters,
(iii)&#8239;the preparation, printing, engraving, issuance and delivery of the Units, the Ordinary Shares and the Warrants included
in the Units, including any transfer or other taxes payable thereon, (iv)&#8239;filing fees incurred in registering the Offering with
FINRA and the reasonable fees of counsel to the Underwriters (including the fees and expenses of legal counsel to the Underwriters
incurred in clearing the Offering with FINRA (&#8220;<B>FINRA Legal Expenses</B>&#8221;), provided that FINRA Legal Expenses shall
not exceed $15,000, (v)&#8239;fees, costs and expenses incurred in listing the Securities on Nasdaq or such other stock exchanges as
the Company and the Underwriters together determine, (vi)&#8239;all fees and disbursements of the transfer and warrant agent,
(vii)&#8239;all of the Company&#8217;s expenses associated with &#8220;due diligence&#8221; and &#8220;road show&#8221; meetings
arranged by the Representative and any presentations made available by way of a netroadshow, including without limitation trips for
the Company&#8217;s management to meet with prospective investors, all travel, food and lodging expenses associated with such trips
incurred by the Company or such management; and (viii)&#8239;all other costs and expenses customarily borne by an issuer incident to
the performance of its obligations hereunder which are not otherwise specifically provided for in this <U>Section&#8239;3.10</U>;
provided that the expenses reimbursed to or paid on behalf of the Underwriters (as governed by FINRA Rule&#8239;5110.01) shall not
exceed an aggregate of $75,000. If the Offering is consummated, the Representative may deduct from the net proceeds of the Offering
payable to the Company on the Closing Date the expenses set forth above (which shall be mutually agreed upon between the Company and
the Representative prior to Closing) to be paid by the Company to the Representative and others. If the Offering is not consummated
for any reason (other than a breach by the Representative of any of their obligations hereunder), then the Company shall reimburse
the Representative in full for its reasonable and documented out-of-pocket accountable expenses actually incurred through such date,
including, without limitation, reasonable fees and disbursements of counsel to the Representative. In addition, in the event that
the Company requests that any of the Underwriters undertake any financial or capital markets advisory activities or services (such
activities, the &#8220;Business Combination Services,&#8221; and such Underwriters, &#8220;Business Combination Advisors&#8221;),
the Company hereby agrees to pay at the closing of the Business Combination, all reasonable and documented out of pocket expenses
(including, for the avoidance of doubt, background checks and legal expenses of external counsel) incurred by such Business
Combination Advisors in connection therewith and with supporting such Business Combination Advisor&#8217;s Due Diligence Defense (as
defined below); provided further, however, that the aggregate amount of such expenses (including legal expenses) reimbursable by the
Company shall not exceed $400,000 if the Business Combination is consummated, and $250,000 if the Business Combination is not
consummated, without the Company&#8217;s prior written consent (such consent not to be unreasonably withheld, conditioned or
delayed). The Underwriter will notify the Company when it proposes to engage legal counsel to assist in supporting its Due Diligence
Defense; however, for the avoidance of doubt, failure to timely notify the Company of such engagement shall not negate the
Company&#8217;s expense reimbursement obligations set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.11<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Application of Net Proceeds</U>. The Company will apply the net proceeds from the Offering and Private Placement received by
it in a manner consistent with the application described under the caption &#8220;Use of Proceeds&#8221; in the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.12<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Delivery of Earnings Statements to Security Holders</U>. The Company will make generally available to its security holders as
soon as practicable, but not later than the first day of the fifteenth full calendar month following the Effective Date, an earnings statement
(which need not be certified by independent public or independent certified public accountants unless required by the Act or the Regulations,
but which shall satisfy the provisions of Rule&#8239;158(a) under Section&#8239;11(a) of the Act) covering a period of at least twelve consecutive
months beginning after the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.13<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Notice to the Representative or FINRA</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.13.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Notice to the Representative</U>. For a period of sixty (60) days after the date of the Prospectus, in the event any person
or entity (regardless of any FINRA affiliation or association) is engaged, in writing, to assist the Company in its search for a Target
Business or to provide any other services in connection therewith, the Company will provide the following to the Representative prior
to the consummation of the Business Combination: (i)&#8239;complete details of all services and copies of agreements governing such services;
and (ii)&#8239;justification as to why the person or entity providing the merger and acquisition services should not be considered a Participating
Member with respect to the Offering. The Company also agrees that, if required by law, proper disclosure of such arrangement or potential
arrangement will be made in the tender offer documents or proxy statement which the Company will file with the Commission in connection
with the Business Combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.13.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>FINRA</U>. The Company shall advise the Representative (who shall make an appropriate filing with FINRA) if it is aware that
any 10% or greater shareholder of the Company becomes an affiliate or associated person of a Participating Member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.13.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Broker/Dealer</U>. In the event the Company intends to register as a broker/dealer, merge with or acquire a registered broker/dealer,
or otherwise become a member of FINRA, it shall promptly notify FINRA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.14<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Stabilization</U>. Neither the Company, nor, to its knowledge, assuming reasonable inquiry, any of its employees, directors
or shareholders (without the consent of the Representative) has taken and the Company will not take, and has directed its employees, directors
or shareholders not to take, directly or indirectly, any action designed to or that has constituted or that might reasonably be expected
to cause or result in, under the Exchange Act, or otherwise, stabilization or manipulation of the price of any security of the Company
to facilitate the sale or resale of the Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.15<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT> <U>Existing Lock-Up Agreement</U>. The Company will enforce all existing agreements between the Company and any of its security
holders that prohibit the sale, transfer, assignment, pledge or hypothecation of any of the Securities in connection with the Offering.
In addition, the Company will direct the Company&#8217;s transfer agent to place stop transfer restrictions upon any such Securities of
the Company that are bound by such existing &#8220;lock-up&#8221; agreements for the duration of the periods contemplated in such agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.16<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Payment of Deferred Underwriting Commission on Business Combination</U>. Upon the consummation of the Business Combination,
the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative
for its own account, in accordance with <U>Section&#8239;1.3,</U> <FONT STYLE="background-color: white">after the Representative has signed
the instruction letter described in&#8239;<U>Section 3.28</U>. The Representative shall have no claim to payment of any interest earned
on the portion of the proceeds held in the Trust Account representing the Deferred Underwriting Commission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.17<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Internal Controls</U>. The Company will maintain a system of internal accounting controls sufficient to provide reasonable assurances
that: (i)&#8239;transactions are executed in accordance with management&#8217;s general or specific authorization, (ii)&#8239;transactions
are recorded as necessary in order to permit preparation of financial statements in accordance with GAAP and to maintain accountability
for assets, (iii)&#8239;access to assets is permitted only in accordance with management&#8217;s general or specific authorization, and
(iv)&#8239;the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken
with respect to any differences.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.18<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Accountants</U>. Until the earlier of five years from the Effective Date or until such earlier time upon which the Company is
required to be liquidated, the Company shall retain CBIZ or another independent registered public accounting firm.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.19<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Form&#8239;8-K</U>. The Company shall, on or prior to the date hereof, retain its independent registered public accounting firm
to audit the balance sheet of the Company as of the Closing Date (&#8220;<B>Audited Financial Statements</B>&#8221;) reflecting the receipt
by the Company of the proceeds of the Offering and the Private Placement. Within four (4) Business Days after the Closing Date, the Company
shall file a Current Report on Form&#8239;8-K with the Commission, which Report shall contain the Company&#8217;s Audited Financial Statements.
Promptly, and no later than four (4) Business Days, after the Option Closing Date, if the Over-allotment Option is exercised after the
Closing Date, the Company shall file with the Commission a Current Report on Form&#8239;8-K or an amendment to the Form&#8239;8-K, which
report shall disclose the Company&#8217;s sale of the Option Units and its receipt of the proceeds therefrom, unless the receipt of such
proceeds is reflected in the Current Report on Form&#8239;8-K referenced in the immediately prior sentence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.20<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Corporate Proceedings</U>. All corporate proceedings and other legal matters necessary to carry out the provisions of this Agreement
and the transactions contemplated hereby shall have been effected, except where failure to do so would not individually or in the aggregate,
have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.21<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Investment Company</U>. The Company shall cause the proceeds of the Offering to be held in the Trust Account to be invested
only as provided for in the Trust Agreement and disclosed in the Prospectus. The Company will otherwise conduct its business in a manner
so that it will not become subject to the Investment Company Act. Furthermore, once the Company consummates a Business Combination, it
shall be engaged in a business other than that of investing, reinvesting, owning, holding or trading securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.22<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Amendments to Charter Documents</U>. The Company covenants and agrees, that, prior to its initial Business Combination, it will
not seek to amend or modify its Charter Documents, except as set forth therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.23<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Press Releases</U>. The Company agrees that it will not issue press releases or engage in any other publicity, without the Representative&#8217;s
prior written consent (not to be unreasonably withheld), for a period of twenty-five (25) days after the Closing Date. Notwithstanding
the foregoing, in no event shall the Company be prohibited from issuing any press releases or engaging in any other publicity required
by law, except that including the name of any Underwriter therein shall require the prior written consent of such Underwriter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.24<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Insurance</U>. The Company will maintain directors&#8217; and officers&#8217; insurance (including, without limitation, insurance
covering the Company&#8217;s directors and officers for liabilities or losses arising in connection with this Offering, including, without
limitation, liabilities or losses arising under the Act, the Exchange Act, the Regulations and any applicable foreign securities laws).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.25<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT> <U>Electronic Prospectus</U>. The Company shall cause to be prepared and delivered to the Underwriters, at the Company&#8217;s
expense, promptly, but in no event later than two (2) Business Days from the effective date of this Agreement, an Electronic Prospectus
to be used by the Underwriters in connection with the Offering. As used herein, the term &#8220;<B>Electronic Prospectus</B>&#8221; means
a form of prospectus, and any amendment or supplement thereto, that meets each of the following conditions: (i)&#8239;it shall be encoded
in an electronic format, satisfactory to the Representative, that may be transmitted electronically by the Underwriters to offerees and
purchasers of the Units for at least the period during which a prospectus relating to the Units is required to be delivered under the
Act; (ii)&#8239;it shall disclose the same information as the paper prospectus and prospectus filed pursuant to EDGAR, except to the extent
that graphic and image material cannot be disseminated electronically, in which case such graphic and image material shall be replaced
in the electronic prospectus with a fair and accurate narrative description or tabular representation of such material, as appropriate;
and (iii)&#8239;it shall be in or convertible into a paper format or an electronic format, satisfactory to the Representative, that will
allow recipients thereof to store and have continuously ready access to the prospectus at any future time, without charge to such recipients
(other than any fee charged for subscription to the Internet as a whole and for on-line time).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.26<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Private Placement Proceeds</U>. On or prior to the Effective Date, certain of the proceeds from the Private Placement provided
by Sponsor shall be deposited into the Trust Account in accordance with the Sponsor Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.27<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Future Financings</U>. The Company agrees that neither it, nor any successor or subsidiary of the Company, will consummate any
public or private equity or debt financing prior to or in connection with the consummation of a Business Combination, unless all investors
in such financing expressly waive, in writing, any rights in or claims against the Trust Account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.28<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Amendments to Agreements</U>. The Company shall not amend, modify or otherwise change any of the Insider Letters and the Trust
Agreement without the prior written consent of the Representative. Furthermore, the Trust Agreement shall provide that the trustee is
required to obtain a joint written instruction signed by both the Company and the Representative with respect to the transfer of the funds
held in the Trust Account from the Trust Account, prior to commencing any liquidation of the assets of the Trust Account in connection
with the consummation of any Business Combination, and such provision of the Trust Agreement shall not be permitted to be amended without
the prior written consent of the Representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.29<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Nasdaq</U>. Until the consummation of a Business Combination, the Company will use its best efforts to maintain the listing
of the Units, Public Shares and Public Warrants on Nasdaq or a national securities exchange acceptable to the Representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.30<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Reservation of Shares</U>. The Company will reserve and keep available that maximum number of its authorized but unissued securities
which are issuable upon exercise of the Warrants outstanding from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.31<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Notice of Disqualification Events</U>. The Company will notify the Underwriters in writing, prior to the Closing Date, of (i)&#8239;any
Disqualification Event relating to any Company Covered Person and (ii)&#8239;any event that would, with the passage of time, become a Disqualification
Event relating to any Company Covered Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.32<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Disqualification of S-1</U>. Until the earlier of seven years from the date hereof or until the Warrants have either expired
and are no longer exercisable or have all been exercised, the Company will not take any action or actions that prevent or disqualify the
Company&#8217;s use of Form&#8239;S-1 (or other appropriate form) for the registration of the Ordinary Shares issuable upon exercise of
the Warrants under the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.33<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Business
Combination Securities Disclosure Documents</U>. If any Underwriter may be deemed, in its sole judgment, to be an underwriter of any
securities issued pursuant to any registration statement or tender offer document filed with the Commission in connection with the
consummation of the Business Combination by the Company, a Target Business or any direct or indirect parent or subsidiary of any of
them (any such issuer, co-issuer or co-registrant, a &#8220;<B>Registrant</B>,&#8221; and any such securities, the
 &#8220;<B>Business Combination Securities</B>&#8221;), the Company shall provide or cause to be provided to such Underwriter
information and access to all persons, properties and documents to the extent necessary for such Business Combination Advisor to
complete a due diligence investigation sufficient (in the view of such Underwriter in its sole discretion) to provide such
Underwriter with a &#8220;reasonable due diligence&#8221; defense in respect of any claims that could be brought against an
underwriter of the applicable Business Combination Securities under federal and state securities laws, rules and regulations,
including, without limitation, Section&#8239;11 of the Act (a &#8220;<B>Due Diligence Defense</B>&#8221;). As used herein, the term
 &#8220;reasonable due diligence&#8221; means a reasonable investigation that provides the investigating person a reasonable ground
to believe that at the time of the applicable offer, issuance or distribution of any Business Combination Securities, no
registration statement, preliminary or final prospectus, proxy statement, tender offer document or offering memorandum, including,
without limitation, any document incorporated by reference into any of the foregoing, or any amendment or supplement to any of the
foregoing, or any other marketing document used by any Registrant, filed with or furnished by the Company to the Commission in
connection with the Business Combination but excluding any filing under Rule&#8239;425 of the Act or Rule&#8239;14a-12 of the Exchange
Act (each, a &#8220;<B>Business Combination Securities Disclosure Document</B>&#8221;), in each case relating to such offer,
issuance or distribution, contained an untrue statement of a material fact or omitted to state a material fact required to be stated
therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading.
The Company agrees that it will provide to such Underwriter notice of each filing under Rule&#8239;425 of the Act or Rule&#8239;14a-12
of the Exchange Act and each other form of public communication about the Business Combination reasonably in advance of such filing
or public communication. The Company further covenants that it will use its best efforts to ensure that any projections provided to
such Underwriter by any Registrant or prepared by any Registrant or any representative of such Registrant (a &#8220;<B>Registrant
Representative</B>&#8221;) and contained in any Business Combination Securities Disclosure Document, in each case, at the time they
were prepared, will have been prepared in good faith and will be based upon assumptions which, in light of the circumstances under
which they are made, are reasonable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.34<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Obligations in Connection with Business Combination</U>. If requested in writing by an Underwriter, if it may be deemed, in
its sole judgment, to be an underwriter of any Business Combination Securities, the following shall apply:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.34.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Prior to entering into any definitive agreement with respect to the Business Combination (or amendment thereto) and until such
time as such Business Combination is consummated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>The Company agrees to notify such Underwriter with respect to, and to permit such Underwriter, at its request, to participate in,
all diligence sessions with any Registrant or any Registrant Representative and all drafting sessions in respect of any Business Combination
Securities Disclosure Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>The Company shall provide drafts of all Business Combination Securities Disclosure Documents to such Underwriter and its legal
counsel reasonably in advance of the filing by the Company (or, if such filing is to be made by a Registrant other than the Company, any
filing which is required to be approved by the Company) of any Business Combination Securities Disclosure Document with the Commission
or the circulation by any Registrant of any Business Combination Securities Disclosure Document to any prospective investor, sufficient
to allow such Underwriter and its legal counsel to request changes determined by them to be reasonably necessary to such Business Combination
Securities Disclosure Document before its filing or circulation. The Company shall not effect a filing or furnishing to the Commission
of any Business Combination Securities Disclosure Document without the consent of such Underwriter, which consent shall not unreasonably
be withheld, delayed or conditioned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.34.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Notwithstanding any provision to the contrary herein, the Company agrees (i)&#8239;that such Underwriter shall have the right, in
connection with its reasonable due diligence under <U>Section&#8239;3.33</U>, (i)&#8239;to retain counsel and other consultants and experts
as it may deem necessary or desirable in connection with its reasonable due diligence under <U>Section&#8239;3.34.1</U> (it being understood
that the retention of any such consultant or expert or other advisor, other than outside legal counsel, will be made with the prior written
approval of the Company, which approval will not be unreasonably withheld, conditioned or delayed); (ii)&#8239;to use its reasonable best
efforts to ensure that each counsel to the Company and to any other Registrant provides customary legal opinions and negative assurance
letters to such Underwriter dated as of (x)&#8239;the date of effectiveness of the Business Combination Securities Disclosure Document,
and (y)&#8239;the date of the shareholder vote to approve the Business Combination, in form and substance reasonably satisfactory to the
such Underwriter, (iii)&#8239;to use its reasonable best efforts to ensure that each accounting firm or firms that were retained by the
Company or by any other Registrant and that have audited any financial statements set forth in any Business Combination Securities Disclosure
Document provide customary &#8220;comfort letters&#8221; to such Underwriter dated as of (x)&#8239;the date of effectiveness of the Business
Combination Securities Disclosure Document, and (y)&#8239;the date of the shareholder vote to approve the Business Combination; and (iv)&#8239;to
take and shall use its reasonable best efforts to take any other actions reasonably requested by such Underwriter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.34.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT> In connection with the Business Combination, to the extent the Company retains an unaffiliated party (&#8220;the <B>Fairness Opinion
Provider</B>&#8221;) to prepare a report and provide an opinion (the &#8220;<B>Fairness Opinion</B>&#8221;) concerning the fairness, from
a financial point of view, of the Business Combination to the Company and its unaffiliated shareholders, the Company shall use commercially
reasonable efforts to, pursuant to, and in accordance with, applicable law, disclose in reasonable detail in a Business Combination Securities
Disclosure Document the results of that report and as required by the applicable rules and regulations (provided that consent is obtained
from such Fairness Opinion Provider), a copy of that report. Each Registrant shall provide the Fairness Opinion Provider with all information
and access to persons and documents that the Fairness Opinion Provider deems reasonably necessary and appropriate in connection with the
preparation of its Fairness Opinion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.34.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Prior to the consummation of the Business Combination, the Company shall include in the definitive agreement for the Business Combination
(i)&#8239;a covenant for the assignment and assumption, by the public entity resulting from the initial Business Combination, of all of
the Company&#8217;s obligations hereunder and (ii)&#8239;that such Underwriter may rely on the representations and warranties contained
therein as if it were a party thereto. The Company shall use its reasonable best efforts to ensure that each Target Business in the Business
Combination agrees to deliver to the Underwriter a certificate of an officer of such Target Business stating that to such officer&#8217;s
knowledge the representations and warranties made by the Target Business in the definitive agreement for the Business Combination are
true and correct as of the date of such certificate, subject to (i)&#8239;a customary materiality standard, (ii)&#8239;any applicable carve-out
with reference to disclosure included in the Business Combination Securities Disclosure Document and (iii)&#8239;required adjustments for
such representations and warranties that speak as of a specific date. In addition, in connection with the Business Combination, the Company
will, and will use its reasonable best efforts to cause each Registrant to, comply in all material respects (i)&#8239;with the obligations
and covenants of the Company which relate to the period following the Business Combination Closing set forth in <U>Sections&#8239;3</U>
and <U>5</U> of this Agreement and (ii)&#8239;with all laws, rules and regulations applicable either to the Registrant and its business
activities or to the Business Combination, as such laws, rules and regulations may be in effect at the time of the consummation of the
Business Combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.34.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Nothing herein shall be deemed to require the Underwriters to limit their rights to compensation or to reimbursement of expenses
without their express agreement or otherwise to assume any liability other than as may be expressly required under the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.34.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>The Company acknowledges and agrees that nothing in this <U>Section&#8239;3.34</U> shall be interpreted to obligate the Underwriters
to take any action, or to refrain from taking any action, in connection with the Business Combination and any such actions will be undertaken
by each Underwriter, in respect of itself, in its sole discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Conditions of Underwriters&#8217; Obligations</U>. The obligations of the Underwriters to purchase and pay for the Units, as
provided herein, shall be subject to the continuing accuracy of the representations and warranties of the Company as of the date hereof
and as of each of the Closing Date and the Option Closing Date, if any, to the accuracy of the statements of officers of the Company made
pursuant to the provisions hereof and to the performance by the Company of its obligations hereunder and to the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Regulatory Matters</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.1.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Effectiveness of Registration Statement</U>. The Registration Statement shall have become effective not later than 4:00&#8239;p.m.,
New&#8239;York time, on the date of this Agreement or such later date and time as shall be consented to in writing by the Representative,
and, at each of the Closing Date and the Option Closing Date, no stop order suspending the effectiveness of the Registration Statement
shall have been issued and no proceedings for the purpose shall have been instituted or shall be pending or contemplated by the Commission
and any request on the part of the Commission for additional information shall have been complied with to the reasonable satisfaction
of EGS.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.1.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>FINRA Clearance</U>. By the Effective Date, the Underwriters shall have received a letter of no objections from FINRA as to
the terms and arrangement and amount of compensation allowable or payable to the Underwriters as described in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.1.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT> <U>No Commission Stop Order</U>. At the Closing Date and on each Option Closing Date, the Commission has not issued any order
or threatened to issue any order preventing or suspending the use of any Preliminary Prospectus, the Prospectus or any part thereof, and
has not instituted or, to the Company&#8217;s knowledge, assuming reasonable inquiry, threatened to institute any proceedings with respect
to such an order. To the Company&#8217;s knowledge, (i) no order suspending the sale of the Units shall have been issued in any jurisdiction
within which Units are intended to be sold in the Offering on either the Closing Date or the Option Closing Date, and (ii)&#8239;no proceedings
for the purpose of issuing such a suspension order shall have been instituted or contemplated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.1.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Approval for Listing on Nasdaq</U>. The Securities shall have been approved for listing on Nasdaq, subject to official notice
of issuance and evidence of satisfactory distribution, satisfactory evidence of which shall have been provided to the Representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Company Counsel Matters</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.2.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Closing Date and Option Closing Date Opinions of Counsel</U>. On each of the Closing Date and the Option Closing Date, if any,
the Representative shall have received the favorable opinion and negative assurance statement of Greenberg Traurig, P.A. and the favorable
opinion of Maples and Calder, dated the Closing Date and the Option Closing Date, as the case may be, addressed to the Representative
as representative for the several Underwriters and in form and substance reasonably satisfactory to the Representative and EGS. On each
of the Closing Date and the Option Closing Date, the Representative shall have received the favorable opinion and negative assurance statement
of EGS, dated the Closing Date or the Option Closing Date, as the case may be, addressed to the Representative as representative for the
several Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.2.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Reliance</U>. In rendering such opinions, such counsel may rely as to matters of fact, to the extent they deem proper, on certificates
or other written statements of officers of the Company and officers of departments of various jurisdictions having custody of documents
respecting the corporate existence or good standing of the Company, provided that copies of any such statements or certificates shall
be delivered to the Representative&#8217;s counsel if requested. The opinions of counsel for the Company shall include a statement to
the effect that they may be relied upon by counsel for the Underwriters in its opinion delivered to the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Comfort Letter</U>. At the time this Agreement is executed, and at the Closing Date and Option Closing Date, if any, the Representative
shall have received a letter, addressed to the Representative as representative for the several Underwriters and in form and substance
satisfactory in all respects (including the non-material nature of the changes or decreases, if any, referred to in <U>Section&#8239;4.3.3</U>
below) to the Representative and to EGS, from CBIZ dated, respectively, as of the date of this Agreement and as of the Closing Date and
Option Closing Date, if any:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.3.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Confirming that they are independent accountants with respect to the Company within the meaning of the Act and the applicable Regulations
and that they have not, during the periods covered by the financial statements included in the Registration Statement, Preliminary Prospectus,
Sale Preliminary Prospectus and the Prospectus, provided to the Company any non-audit services, as such term is used in Section&#8239;10A(g)
of the Exchange Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.3.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Stating that in their opinion the financial statements of the Company included in the Registration Statement, the Sale Preliminary
Prospectus and the Prospectus comply as to form in all material respects with the applicable accounting requirements of the Act and the
published Regulations thereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.3.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT>Stating
that, on the basis of their review, which included a reading of the latest available unaudited interim financial statements of the
Company (with an indication of the date of the latest available unaudited interim financial statements), a reading of the latest
available minutes of the shareholders and Board of Directors and the various committees of the Board of Directors, consultations
with officers and other employees of the Company responsible for financial and accounting matters and other specified procedures and
inquiries, nothing has come to their attention that would lead them to believe that (a)&#8239;the unaudited financial statements of
the Company included in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus do not comply as to form in
all material respects with the applicable accounting requirements of the Act and the Regulations or are not fairly presented in
conformity with GAAP applied on a basis substantially consistent with that of the audited financial statements of the Company
included in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus, or (b)&#8239;at a date not later than
five days prior to the Effective Date, Closing Date or Option Closing Date, as the case may be, there was any change in the share
capital or long-term debt of the Company, or any decrease in the shareholders&#8217; equity of the Company as compared with amounts
shown in the December 31, 2024 balance sheet included in the Registration Statement, the Sale Preliminary Prospectus and the
Prospectus, other than as set forth in or contemplated by the Registration Statement, the Sale Preliminary Prospectus and the
Prospectus or, if there was any decrease, setting forth the amount of such decrease, and (c)&#8239;during the period from December
31, 2024 to a specified date not later than five days prior to the Effective Date, Closing Date or Option Closing Date, as the case
may be, there was any decrease in revenues, net earnings or net earnings per Ordinary Share, in each case as compared with the
corresponding period in the preceding year and as compared with the corresponding period in the preceding quarter, other than as set
forth in or contemplated by the Registration Statement the Sale Preliminary Prospectus and the Prospectus, or, if there was any such
decrease, setting forth the amount of such decrease;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.3.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Setting forth, at a date not later than five (5) days prior to the Effective Date, the amount of liabilities of the Company (including
a break-down of commercial papers and notes payable to banks);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.3.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Stating that they have compared specific dollar amounts, numbers of shares, percentages of revenues and earnings, statements and
other financial information pertaining to the Company set forth in the Registration Statement, the Sale Preliminary Prospectus and the
Prospectus in each case to the extent that such amounts, numbers, percentages, statements and information may be derived from the general
accounting records, including work sheets, of the Company and excluding any questions requiring an interpretation by legal counsel, with
the results obtained from the application of specified readings, inquiries and other appropriate procedures (which procedures do not constitute
an examination in accordance with generally accepted auditing standards) set forth in the letter and found them to be in agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.3.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Stating that they have not, since the Company&#8217;s incorporation, brought to the attention of the Company&#8217;s management
any reportable condition related to internal structure, design or operation as defined in the Statement on Auditing Standards No. 60 &#8220;Communication
of Internal Control Structure Related Matters Noted in an Audit,&#8221; in the Company&#8217;s internal controls; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.3.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Statements as to such other matters incident to the transaction contemplated hereby as the Representative or EGS may reasonably
request, including: (i)&#8239;that CBIZ is registered with the Public Company Accounting Oversight Board; (ii)&#8239;that CBIZ has sufficient
assets and insurance to pay for any liability incurred by it relating to providing the letter; and (iii)&#8239;that CBIZ is not insolvent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Officers&#8217; Certificates</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.4.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Officers&#8217; Certificate</U>. At each of the Closing Date and the Option Closing Date, if any, the Representative shall have
received a certificate of the Company signed by the Chairman of the Board or the Chief Executive Officer, the President, the Chief Financial
Officer of the Company, or any similar or equivalent officer of the Company (in their capacities as such), dated the Closing Date or the
Option Closing Date, as the case may be, respectively, to the effect that the Company has performed all covenants and complied with all
conditions required by this Agreement to be performed or complied with by the Company prior to and as of the Closing Date, or the Option
Closing Date, as the case may be, and that the conditions set forth in <U>Section&#8239;4</U> hereof have been satisfied as of such date
and that, as of Closing Date and the Option Closing Date, as the case may be, the representations and warranties of the Company set forth
in <U>Section&#8239;2</U> hereof are true and correct. In addition, the Representative will have received such other and further certificates
of officers of the Company (in their capacities as such) as the Representative may reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.4.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Secretary&#8217;s
Certificate</U>. At each of the Closing Date and the Option Closing Date, if any, the Representative shall have received a
certificate of the Company signed by a director or an officer of the Company, dated the Closing Date or the Option Closing Date, as
the case may be, respectively, certifying (i)&#8239;that the Charter Documents are true and complete, have not been modified and are
in full force and effect, (ii)&#8239;that the resolutions of the Company&#8217;s Board of Directors relating to the public offering
contemplated by this Agreement are in full force and effect and have not been modified, (iii)&#8239;as to the accuracy and
completeness of all correspondence between the Company or its counsel and the Commission, (iv)&#8239;as to the accuracy and
completeness of all correspondence between the Company or its counsel and Nasdaq; and (v)&#8239;as to the accuracy and completeness,
to the Company&#8217;s knowledge (assuming reasonable inquiry) of the certificates specified in <U>Sections 4.2.2
and&#8239;4.4.1</U>; (vi)&#8239;as to the accuracy and completeness of all resolutions of the shareholders of the Company; and
(vii)&#8239;as to the incumbency of the officers of the Company. The documents referred to in such certificate shall be attached to
such certificate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>No Material Changes</U>. Prior to and on each of the Closing Date and the Option Closing Date, if any, (i)&#8239;there shall
have been no material adverse change or development involving a prospective material adverse change in the condition or prospects or the
business activities, financial or otherwise, of the Company from the latest dates as of which such condition is set forth in the Registration
Statement and the Prospectus, (ii)&#8239;no action suit or proceeding, at law or in equity, shall have been pending or threatened against
the Company or any Insider before or by any court or federal, foreign or state commission, board or other administrative agency wherein
an unfavorable decision, ruling or finding may materially adversely affect the business, operations, or financial condition or income
of the Company, except as set forth in the Registration Statement and the Prospectus, (iii)&#8239;no stop order shall have been issued
under the Act and no proceedings therefor shall have been initiated or, to the Company&#8217;s knowledge, assuming reasonable inquiry,
threatened by the Commission, and (iv)&#8239;the Registration Statement, the Sale Preliminary Prospectus and the Prospectus and any amendments
or supplements thereto shall contain all material statements which are required to be stated therein in accordance with the Act and the
Regulations and shall conform in all material respects to the requirements of the Act and the Regulations, and neither the Registration
Statement, the Sale Preliminary Prospectus nor the Prospectus nor any amendment or supplement thereto shall contain any untrue statement
of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light
of the circumstances under which they were made, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Delivery of Transaction Documents</U>. On the Effective Date, the Company shall have delivered to the Representative executed
copies of the Transaction Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Private Placements</U>. On the Closing Date, the Private Placement shall have been completed in accordance with <U>Sections&#8239;1.4</U>,
<U>2.21.2</U>, <U>2.21.3</U> and <U>3.26</U> of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.8<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Good Standing</U>. The Representative shall have received on and as of (i)&#8239;the Effective Date, and (ii)&#8239;the Closing
Date or the Option Closing Date, as the case may be, satisfactory evidence of the good standing of the Company in its jurisdiction of
organization in writing or any standard form of telecommunication from the appropriate governmental authorities of such jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.9<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Trust Waiver</U>. The Company has received waivers from all vendors and service providers to all claims on amounts in the Trust
Account which are to be distributed to the Company&#8217;s shareholders in accordance with the terms of the Trust Agreement, except for
(i)&#8239;CBIZ and (ii)&#8239;the Representative with respect to the Deferred Underwriting Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Indemnification and Contribution</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Indemnification</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.1.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Indemnification of the Underwriters</U>. The Company agrees to indemnify and hold harmless each Underwriter, its affiliates
and their respective partners, members, directors, officers, employees and agents, and each person, if any, who controls each Underwriter
or any affiliate within the meaning of Section&#8239;15 of the Act or Section&#8239;20 of the Exchange Act as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>against any and all loss, liability, claim, damage and expense whatsoever, as incurred, joint or several, arising out of or based
upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement (or any amendment thereto),
or the omission or alleged omission therefrom of a material fact required to be stated therein or necessary to make the statements therein
not misleading, or arising out of any untrue statement or alleged untrue statement of a material fact included in any preliminary prospectus,
Sale Preliminary Prospectus, any Testing-the-Waters Communication or the Prospectus or, in the event an Underwriter, in its sole judgment,
may be deemed to be an underwriter of any Business Combination Securities, any Business Combination Securities Disclosure Document (or
any amendment or supplement to the foregoing), or the omission or alleged omission therefrom of a material fact necessary in order to
make the statements therein, in the light of the circumstances under which they were made, not misleading;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT> against any and all loss, liability, claim, damage and expense whatsoever, as incurred, joint or several, to the extent of the
aggregate amount paid in settlement of any litigation, or any investigation or proceeding by any governmental authority, commenced or
threatened, or of any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or omission;
provided that (subject to <U>Section&#8239;5.1.4</U>) any such settlement is effected with the written consent of the Company, which consent
shall not unreasonably be delayed, conditioned or withheld;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>against any and all claims, actions, suits, proceedings, damages, liabilities and expenses incurred by any of them (including the
reasonable fees and expenses of counsel), as incurred, that are related to or arise out of any business combination marketing or capital
markets advisory activities by any Underwriter on the Company&#8217;s behalf in connection with a Business Combination, provided that
the Company will not, however, be responsible to an indemnified party for any portion of any such claim, action, suit, proceeding, damage,
liability or expense that is finally judicially determined by a court of competent jurisdiction (not subject to further appeal) to have
resulted primarily and directly from the bad faith, gross negligence or willful misconduct of the indemnified party seeking such indemnification;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>against any and all expense whatsoever, as incurred (including the fees and disbursements of counsel), reasonably incurred in investigating,
preparing or defending against any litigation, or any investigation or proceeding by any governmental authority, commenced or threatened,
or any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or omission (whether or
not a party), to the extent that any such expense is not paid under (a), (b) or (c) above; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>against any and all loss, liability, claim, damage and expense whatsoever, joint or several, arising out of the Company&#8217;s
failure to provide any of the information and access to persons, properties and documents required to be provided under Section 3.33 hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">provided, however, that the
foregoing agreement shall not apply to any loss, liability, claim, damage or expense to the extent arising out of any untrue statement
or omission or alleged untrue statement or omission made solely in reliance upon and in conformity with the Underwriters&#8217; Information
(and, in connection with any Business Combination, similar information provided by or on behalf of the Underwriters expressly for use
in any Business Combination Securities Disclosure Document).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.1.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Indemnification of the Company, its Directors and Officers</U>. Each Underwriter agrees, severally and not jointly, to indemnify
and hold harmless the Company, and its directors, each officer of the Company who signed the Registration Statement and each person, if
any, who controls the Company within the meaning of Section&#8239;15 of the Act or Section&#8239;20 of the Exchange Act, against any and
all loss, liability, claim, damage and expense described in the indemnity contained in <U>Section&#8239;5.1.1</U>, as incurred, but only
with respect to untrue statements or omissions, or alleged untrue statements or omissions, made in the Registration Statement, any preliminary
prospectus, the Sale Preliminary Prospectus, any Testing-the-Waters Communication or the Prospectus (or any amendment or supplement to
the foregoing), in reliance upon and in conformity with the Underwriters&#8217; Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.1.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Notifications
and Other Indemnification Procedures</U>. Any party that proposes to assert the right to be indemnified under this <U>Section&#8239;5.1</U>
will, promptly after receipt of notice of commencement of any action against such party in respect of which a claim is to be made
against an indemnifying party or parties under this <U>Section&#8239;5.1</U>, notify each such indemnifying party of the commencement
of such action, enclosing a copy of all papers served, but the omission so to notify such indemnifying party will not relieve the
indemnifying party from (i)&#8239;any liability that it might have to any indemnified party otherwise than under this <U>Section&#8239;5.1</U>
and (ii)&#8239;any liability that it may have to any indemnified party under the foregoing provision of this <U>Section&#8239;5.1</U>
unless, and only to the extent that, such omission results in the forfeiture of substantive rights or defenses by the indemnifying
party. If any such action is brought against any indemnified party and it notifies the indemnifying party of its commencement, the
indemnifying party will be entitled to participate in and, to the extent that it elects by delivering written notice to the
indemnified party promptly after receiving notice of the commencement of the action from the indemnified party, jointly with any
other indemnifying party similarly notified, to assume the defense of, the action, with counsel reasonably satisfactory to the
indemnified party, and after notice from the indemnifying party to the indemnified party of its election to assume the defense, the
indemnifying party will not be liable to the indemnified party for any other legal expenses except as provided below and except for
the reasonable costs of investigation subsequently incurred by the indemnified party in connection with the defense. The indemnified
party will have the right to employ its own counsel in any such action, but the fees, expenses and other charges of such counsel
will be at the expense of such indemnified party unless (A)&#8239;the employment of counsel by the indemnified party has been
authorized in writing by the indemnifying party, (B)&#8239;the indemnified party has reasonably concluded (based on advice of
counsel) that there may be legal defenses available to it or other indemnified parties that are different from or in addition to
those available to the indemnifying party, (C)&#8239;a conflict or potential conflict exists (based on advice of counsel to the
indemnified party) between the indemnified party and the indemnifying party (in which case the indemnifying party will not have the
right to direct the defense of such action on behalf of the indemnified party) or (D)&#8239;the indemnifying party has not in fact
employed counsel to assume the defense of such action or counsel reasonably satisfactory to the indemnified party, in each case,
within a reasonable time after receiving notice of the commencement of the action; in each of which cases the reasonable fees,
disbursements and other charges of counsel will be at the expense of the indemnifying party or parties. It is understood that the
indemnifying party or parties shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be
liable for the reasonable fees, disbursements and other charges of more than one separate firm admitted to practice in such
jurisdiction (plus local counsel) at any one time for all such indemnified party or parties. All such fees, disbursements and other
charges will be reimbursed by the indemnifying party promptly as they are incurred. An indemnifying party will not, in any event, be
liable for any settlement of any action or claim effected without its written consent. No indemnifying party shall, without the
prior written consent of each indemnified party, settle or compromise or consent to the entry of any judgment in any pending or
threatened claim, action or proceeding relating to the matters contemplated by this <U>Section&#8239;5</U> (whether or not any
indemnified party is a party thereto), unless such settlement, compromise or consent (x)&#8239;includes an express and unconditional
release of each indemnified party, in form and substance reasonably satisfactory to such indemnified party, from all liability
arising out of such litigation, investigation, proceeding or claim and (y)&#8239;does not include a statement as to or an admission
of fault, culpability or a failure to act by or on behalf of any indemnified party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.1.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Settlement Without Consent if Failure to Reimburse</U>. If an indemnified party shall have requested an indemnifying party to
reimburse the indemnified party for reasonable fees and expenses of counsel, such indemnifying party agrees that it shall be liable for
any settlement of the nature contemplated by <U>Section&#8239;5.1.1(b)</U> effected without its written consent if (i)&#8239;such settlement
is entered into more than 45 days after receipt by such indemnifying party of the aforesaid request, (ii)&#8239;such indemnifying party
shall have received notice of the terms of such settlement at least 30 days prior to such settlement being entered into and (iii)&#8239;such
indemnifying party shall not have reimbursed such indemnified party in accordance with such request prior to the date of such settlement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Contribution</U>.
In order to provide for just and equitable contribution in circumstances in which the indemnification provided for in the foregoing
paragraphs of <U>Section&#8239;5.1</U> is applicable in accordance with its terms but for any reason is held to be unavailable or
insufficient from the Company or the Underwriters, the Company and the Underwriters will contribute to the total losses, claims,
liabilities, expenses and damages (including any investigative, legal and other expenses reasonably incurred in connection with, and
any amount paid in settlement of, any action, suit or proceeding or any claim asserted) to which any indemnified party may be
subject in such proportion as shall be appropriate to reflect the relative benefits received by the Company on the one hand and the
Underwriters on the other hand. The relative benefits received by the Company on the one hand and the Underwriters on the other hand
shall be deemed to be in the same proportion as the total net proceeds from the sale of the Units (before deducting expenses)
received by the Company bear to the total compensation received by the Underwriters (before deducting expenses) from the sale of the
Units on behalf of the Company. If, but only if, the allocation provided by the foregoing sentence is not permitted by applicable
law, the allocation of contribution shall be made in such proportion as is appropriate to reflect not only the relative benefits
referred to in the foregoing sentence but also the relative fault of the Company, on the one hand, and the Underwriters, on the
other hand, with respect to the statements or omissions that resulted in such loss, claim, liability, expense or damage, or action
in respect thereof, as well as any other relevant equitable considerations with respect to such offering. Such relative fault shall
be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or
alleged omission to state a material fact relates to information supplied by the Company or the Underwriters, the intent of the
parties and their relative knowledge, access to information and opportunity to correct or prevent such statement or omission. The
Company and the Underwriters agree that it would not be just and equitable if contributions pursuant to this <U>Section&#8239;5.2</U>
were to be determined by pro rata allocation or by any other method of allocation that does not take into account the equitable
considerations referred to herein. The amount paid or payable by an indemnified party as a result of the loss, claim, liability,
expense or damage, or action in respect thereof, referred to above in this <U>Section&#8239;5.2</U> shall be deemed to include, for
the purpose of this <U>Section&#8239;5.2</U>, any legal or other expenses reasonably incurred by such indemnified party in connection
with investigating or defending any such action or claim to the extent consistent with <U>Section&#8239;5.1.3</U>. Notwithstanding
the foregoing provisions of <U>Section&#8239;5.1</U> and this <U>Section&#8239;5.2</U>, each Underwriter shall not be required to
contribute any amount in excess of the commissions actually received by it under this Agreement and no person found guilty of
fraudulent misrepresentation (within the meaning of Section&#8239;11(f) of the Act) will be entitled to contribution from any person
who was not guilty of such fraudulent misrepresentation. For purposes of this <U>Section&#8239;5.2</U>, any person who controls a
party to this Agreement within the meaning of the Act, any affiliates of the respective Underwriters and any officers, directors,
partners, employees or agents of the Underwriters or their respective affiliates, will have the same rights to contribution as that
party, and each director of the Company and each officer of the Company who signed the Registration Statement will have the same
rights to contribution as the Company, subject in each case to the provisions hereof. Any party entitled to contribution, promptly
after receipt of notice of commencement of any action against such party in respect of which a claim for contribution may be made
under this <U>Section&#8239;5.2</U>, will notify any such party or parties from whom contribution may be sought, but the omission to
so notify will not relieve that party or parties from whom contribution may be sought from any other obligation it or they may have
under this <U>Section&#8239;5.2</U> except to the extent that the failure to so notify such other party materially prejudiced the
substantive rights or defenses of the party from whom contribution is sought. Except for a settlement entered into pursuant to the
last sentence of <U>Section&#8239;5.1.3</U>, no party will be liable for contribution with respect to any action or claim settled
without its written consent if such consent is required pursuant to <U>Section&#8239;5.1.3</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Default by an Underwriter</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Default Not Exceeding 10% of Firm Units</U>. If any Underwriter or Underwriters shall default in its or their obligations to
purchase the Firm Units and if the number of the Firm Units with respect to which such default relates does not exceed in the aggregate
10% of the number of Firm Units that all Underwriters have agreed to purchase hereunder, then such Firm Units to which the default relates
shall be purchased by the non-defaulting Underwriters in proportion to their respective commitments hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Default Exceeding 10% of Firm Units</U>. In the event that the default addressed in <U>Section&#8239;6.1</U> above relates to
more than 10% of the Firm Units, the Representative may, in its discretion, arrange for it or for another party or parties to purchase
such Firm Units to which such default relates on the terms contained herein. If within one (1) Business Day after such default relating
to more than 10% of the Firm Units the Representative does not arrange for the purchase of such Firm Units, then the Company shall be
entitled to a further period of one (1) Business Day within which to procure another party or parties satisfactory to the Representative
to purchase said Firm Units on such terms. In the event that neither the Representative nor the Company arrange for the purchase of the
Firm Units to which a default relates as provided in this <U>Section&#8239;6</U>, this Agreement may be terminated by the Representative
or the Company without liability on the part of the Company (except as provided in <U>Sections&#8239;3.10</U>, <U>5</U>, and <U>9.3</U>
hereof) or the several Underwriters (except as provided in <U>Section&#8239;5</U> hereof); <I>provided</I> that nothing herein shall relieve
a defaulting Underwriter of its liability, if any, to the other several Underwriters and to the Company for damages occasioned by its
default hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Postponement of Closing Date</U>. In the event that the Firm Units to which the default relates are to be purchased by the non-defaulting
Underwriters, or are to be purchased by another party or parties as aforesaid, the Representative or the Company shall have the right
to postpone the Closing Date for a reasonable period, but not in any event exceeding five (5) Business Days, in order to effect whatever
changes may thereby be made necessary in the Registration Statement, and/or the Prospectus, as the case may be, or in any other documents
and arrangements, and the Company agrees to file promptly any amendment to, or to supplement, the Registration Statement and/or the Prospectus,
as the case may be, that in the reasonable opinion of counsel for the Underwriters may thereby be made necessary. The term &#8220;Underwriter&#8221;
as used in this Agreement shall include any party substituted under this <U>Section&#8239;6</U> with like effect as if it had originally
been a party to this Agreement with respect to such securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Additional Covenants</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Additional Shares or Options</U>. The Company hereby agrees that until the consummation of a Business Combination, it shall
not issue any Ordinary Shares or any options or other securities convertible into Ordinary Shares, or any preferred shares or other securities
of the Company which participate in any manner in the Trust Account or which vote as a class with the Ordinary Shares on a proposed Business
Combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Trust
Account Waiver Acknowledgments</U>. The Company hereby agrees that it will use commercially reasonable best efforts prior to
commencing its due diligence investigation of any prospective Target Business or prior to obtaining the services of any vendor to
have such Target Business or vendor acknowledge in writing whether through a letter of intent, memorandum of understanding or other
similar document (and subsequently acknowledges the same in any definitive document replacing any of the foregoing), that
(a)&#8239;it has read the Prospectus and understands that the Company has established the Trust Account, initially in an aggregate
amount of $200,000,000 (or an aggregate amount of $230,000,000 if the Over-allotment Option is exercised in full), representing
$10.00 per Unit sold hereunder for the benefit of the Public Shareholders and that, except for a portion of the interest earned on
the amounts held in the Trust Account, the Company may disburse monies from the Trust Account only: (i)&#8239;to the Public
Shareholders in the event they elect to redeem Public Shares in connection with the consummation of a Business Combination,
(ii)&#8239;to the Public Shareholders if the Company fails to consummate a Business Combination within the time period set forth in
the Charter Documents, or (iii)&#8239;to the Company after or concurrently with the consummation of a Business Combination and
(b)&#8239;for and in consideration of the Company (i)&#8239;agreeing to evaluate such Target Business for purposes of consummating a
Business Combination with it or (ii)&#8239;agreeing to engage the services of the vendor, as the case may be, such Target Business or
vendor agrees that it does not have any right, title, interest or claim of any kind in or to any monies in the Trust Account
(&#8220;<B>Claim</B>&#8221;) and waives any Claim it may have in the future as a result of, or arising out of, any negotiations,
contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Insider Letters</U>. The Company shall not take any action or omit to take any action which would cause a breach of any of the
Insider Letters and will not allow any amendments to, or waivers of, such Insider Letters without the prior written consent of the Representative,
which consent shall not be unreasonably withheld.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Rule&#8239;419</U>. The Company agrees that it will use its best efforts to prevent the Company from becoming subject to Rule&#8239;419
under the Act prior to the consummation of any Business Combination, including but not limited to using its best efforts to prevent any
of the Company&#8217;s outstanding securities from being deemed to be a &#8220;penny stock&#8221; as defined in Rule&#8239;3a-51-1 under
the Exchange Act during such period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Tender Offer Documents, Proxy Materials and Other Information</U>. The Company shall provide to the Representative or its counsel
(if so instructed by the Representative) with 10 copies of all tender offer documents or proxy information and all related material filed
with the Commission in connection with a Business Combination concurrently with such filing with the Commission. Documents filed with
the Commission pursuant to its EDGAR system shall be deemed to have been provided to the Representative pursuant to this Section. In addition,
the Company shall furnish any other state in which its initial public offering was registered, such information as may be requested by
such state.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Emerging Growth Company</U>. The Company shall promptly notify the Representative if the Company ceases to be an Emerging Growth
Company at any time prior to the completion of the distribution of the Securities within the meaning of the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Target Net Assets</U>. The Company agrees that, so long as the Company is listed on a national securities exchange, the Target
Business that it acquires must have a fair market value equal to at least 80% of the balance in the Trust Account at the time of signing
the definitive agreement for the Business Combination with such Target Business (excluding taxes payable and the Deferred Underwriting
Commissions). The fair market value of such business must be determined by the Board of Directors of the Company based upon standards
generally accepted by the financial community, such as actual and potential sales, earnings, cash flow and book value. If the Board of
Directors of the Company is not able to independently determine that the Target Business meets such fair market value requirement, the
Company will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation
opinions with respect to the satisfaction of such criteria. The Company is not required to obtain an opinion as to the fair market value
if the Company&#8217;s Board of Directors independently determines that the Target Business does have sufficient fair market value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.8<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Charter Documents</U>. The Company shall not take any action or omit to take any action that would cause the Company to be in
breach or violation of any of its Charter Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.9<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Representations
and Agreements to Survive Delivery</U>. Except as the context otherwise requires, all representations, warranties and agreements
contained in this Agreement shall be deemed to be representations, warranties and agreements as of the Closing Date or the Option
Closing Date, if any, and such representations, warranties and agreements of the Underwriters and the Company, including the
indemnity agreements contained in <U>Section&#8239;5</U> hereof, shall remain operative and in full force and effect regardless of
any investigation made by or on behalf of the Underwriters, the Company or any controlling person, and shall survive termination of
this Agreement or the issuance and delivery of the Public Securities to the Underwriters until the earlier of the expiration of any
applicable statute of limitations and the seventh (7th) anniversary of the later of the Closing Date or the Option Closing Date, if
any, at which time the representations, warranties and agreements shall terminate and be of no further force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Effective Date of This Agreement and Termination Thereof</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Effective Date</U>. This Agreement shall become effective on the Effective Date at the time the Registration Statement is declared
effective by the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Termination</U>. The Representative shall have the right to terminate this Agreement at any time prior to the Closing Date,
(i)&#8239;if any domestic or international event or act or occurrence has materially disrupted, or in the Representative&#8217;s opinion
will in the immediate future materially disrupt, general securities markets in the United States; or (ii)&#8239;if trading on Nasdaq or
quotation on the OTC Markets shall have been suspended, or minimum or maximum prices for trading shall have been fixed, or maximum ranges
for prices for securities shall have been fixed, or maximum ranges for prices for securities shall have been required by FINRA or by order
of the Commission or any other government authority having jurisdiction, or (iii)&#8239;if the United States shall have become involved
in a new war or an increase in existing major hostilities, or (iv)&#8239;if a banking moratorium has been declared by a New&#8239;York State
or Federal authority, or (v)&#8239;if a moratorium on foreign exchange trading has been declared which materially adversely impacts the
United States securities market, or (vi)&#8239;if the Company shall have sustained a material loss by fire, flood, accident, hurricane,
earthquake, theft, sabotage or other calamity (including, without limitation, a calamity relating to a public health matter or natural
disaster) or malicious act which, whether or not such loss shall have been insured, will, in the Representative&#8217;s sole opinion,
make it inadvisable to proceed with the delivery of the Units, or (vii)&#8239;if the Company is in material breach of any of its representations,
warranties or covenants hereunder, or (viii)&#8239;if the Representative shall have become aware after the date hereof of such a material
adverse change in the conditions of the Company, or such adverse material change in general market conditions, including without limitation
as a result of terrorist activities or any other calamity (including, without limitation, a calamity relating to a public health matter
or natural disaster) or crisis either within or outside the United States after the date hereof, or an increase in any of the foregoing,
as in the Representative&#8217;s sole judgment would make it impracticable to proceed with the offering, sale and/or delivery of the Units
or to enforce contracts made by the Underwriters for the sale of the Public Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Expenses</U>. In the event that this Agreement shall not be carried out for any reason whatsoever (other than solely because
of the termination of this Agreement pursuant to Section 6 hereof), within the time specified herein or any extensions thereof pursuant
to the terms herein, (i)&#8239;the obligations of the Company to pay the out of pocket expenses related to the transactions contemplated
herein shall be governed by <U>Section&#8239;3.10</U> hereof and (ii)&#8239;the Company shall reimburse the Representative for any costs
and expenses incurred in connection with enforcing any provisions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Indemnification</U>. Notwithstanding any contrary provision contained in this Agreement, any election hereunder or any termination
of this Agreement, and whether or not this Agreement is otherwise carried out, the provisions of <U>Section&#8239;5</U> shall not be in
any way affected by such election or termination or failure to carry out the terms of this Agreement or any part hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Miscellaneous</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Notices</U>. All communications hereunder, except as herein otherwise specifically provided, shall be in writing and shall be
mailed, delivered by hand or reputable overnight courier and confirmed or delivered by facsimile or electronic transmission (with printed
confirmation of receipt) and shall be deemed given when so delivered or faxed or e-mailed or, if mailed, two days after such mailing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">If to the Representative:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Cantor Fitzgerald &amp; Co.<BR>
499&#8239;Park Avenue<BR>
New&#8239;York, New&#8239;York 10022<BR>
Attn: General Counsel<BR>
Facsimile: (212) 829-4708<BR>
Email: #legal-IBD@cantor.com with a copy to spac@cantor.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Cantor Fitzgerald &amp; Co.<BR>
499&#8239;Park Avenue<BR>
New&#8239;York, New&#8239;York 10022<BR>
Attn: Head of Investment Banking<BR>
Attn: Head of SPACs<BR>
Facsimile: (212) 829-4708<BR>
Email: Sage.kelly@cantor.com; David.batalion@cantor.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Copy (which copy shall not constitute notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Ellenoff Grossman &amp; Schole LLP<BR>
1345 Avenue of the Americas<BR>
New&#8239;York, New&#8239;York 10105<BR>
Attn: Stuart Neuhauser, Esq.<BR>
Facsimile: (212) 370-7889<BR>
Email: sneuhauser@egsllp.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">If to the Company:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Cartesian Growth Corporation III<BR>
505 Fifth Avenue, 15<SUP>th</SUP> Floor<BR>
New York, New York 10017<BR>
Attn: Peter Yu, Chief Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Facsimile: [ ]<BR>
Email: peter3@cartesiangrowth.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Copy (which copy shall not constitute notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Greenberg Traurig, LLP<BR>
One Vanderbilt Avenue<BR>
New York, New York 10017<BR>
Attn: Alan I. Annex, Esq. and Adam Namoury, Esq.<BR>
Facsimile: (212) 801-6400<BR>
Email: annexa@gtlaw.com and namourya@gtlaw.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Headings</U>. The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit
or affect the meaning or interpretation of any of the terms or provisions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Amendment</U>. This Agreement may only be amended by a written instrument executed by each of the parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Entire Agreement</U>. This Agreement (together with the other agreements and documents being delivered pursuant to or in connection
with this Agreement) constitute the entire agreement of the parties hereto with respect to the subject matter hereof and thereof, and
supersede all prior agreements and understandings of the parties, oral and written, with respect to the subject matter hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>Binding
Effect</U>. This Agreement shall inure solely to the benefit of and shall be binding upon the Representative, the Underwriters, the
selected dealers, the Company and the controlling persons, directors, agents, partners, members, employees and officers referred to
in <U>Section&#8239;5</U> hereof, and their respective successors, legal representatives and assigns, and no other person shall have
or be construed to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Agreement or any
provisions herein contained. The term &#8220;successors and assigns&#8221; shall not include a purchaser, in its capacity as such,
of securities from any of the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 32; Value: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Waiver of Immunity</U>. To the extent that the Company may be entitled in any jurisdiction in which judicial proceedings may
at any time be commenced hereunder, to claim for itself or its revenues or assets any immunity, including sovereign immunity, from suit,
jurisdiction, attachment in aid of execution of a judgment or prior to a judgment, execution of a judgment or any other legal process
with respect to its obligations hereunder and to the extent that in any such jurisdiction there may be attributed to the Company such
an immunity (whether or not claimed), the Company hereby irrevocably agrees not to claim and irrevocably waives such immunity to the maximum
extent permitted by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Submission to Jurisdiction</U>. Each of the Company and the Representative irrevocably submit to the non-exclusive jurisdiction
of any New&#8239;York State or United States Federal court sitting in The City of New&#8239;York, Borough of Manhattan, over any suit, action
or proceeding arising out of or relating to this Agreement, the Registration Statement, the Sale Preliminary Prospectus and the Prospectus
or the offering of the Securities. Each of the Company and the Representative irrevocably waives, to the fullest extent permitted by law,
any objection that they may now or hereafter have to the laying of venue of any such suit, action or proceeding brought in such a court
and any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum. Any such process
or summons to be served upon the Company or the Representative may be served by transmitting a copy thereof by registered or certified
mail, return receipt requested, postage prepaid, addressed to it at the address set forth in <U>Section&#8239;9.1</U> hereof. Such mailing
shall be deemed personal service and shall be legal and binding upon the Company or the Representative in any action, proceeding or claim.
Each of the Company and the Representative waives, to the fullest extent permitted by law, any other requirements of or objections to
personal jurisdiction with respect thereto. Notwithstanding the foregoing, any action based on this Agreement may be instituted by the
Underwriters in any competent court. The Company agrees that the Underwriters shall be entitled to recover all of their reasonable attorneys&#8217;
fees and expenses relating to any action or proceeding and/or incurred in connection with the preparation therefor if any of them are
the prevailing party in such action or proceeding. EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.8<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Governing Law</U>. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of
New&#8239;York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another
jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.9<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Execution in Counterparts</U>. This Agreement may be executed in one or more counterparts, and by the different parties hereto
in separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the
same agreement, and shall become effective when one or more counterparts has been signed by each of the parties hereto and delivered to
each of the other parties hereto. Delivery of a signed counterpart of this Agreement by facsimile, electronic mail (including pdf or any
electronic signature complying with U.S.&#8239;federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law)
or other transmission method and any counterpart so delivered will be deemed to have been duly and validly delivered and valid and effective
for all purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.10<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Waiver</U>. The failure of any of the parties hereto to at any time enforce any of the provisions of this Agreement shall not
be deemed or construed to be a waiver of any such provision, nor to in any way affect the validity of this Agreement or any provision
hereof or the right of any of the parties hereto to thereafter enforce each and every provision of this Agreement. No waiver of any breach,
non-compliance or non-fulfillment of any of the provisions of this Agreement shall be effective unless set forth in a written instrument
executed by the party or parties against whom or which enforcement of such waiver is sought; and no waiver of any such breach, non-compliance
or non-fulfillment shall be construed or deemed to be a waiver of any other or subsequent breach, non-compliance or non-fulfillment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.11<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT><U>No
Fiduciary Relationship</U>. The Company acknowledges and agrees that (i)&#8239;the purchase and sale of the Units pursuant to this
Agreement is an arm&#8217;s-length commercial transaction pursuant to a contractual relationship between the Company and the
Underwriters, (ii)&#8239;in connection therewith and with the process leading to such transaction, each Underwriter is acting solely
as a principal and not the agent or fiduciary of the Company, (iii)&#8239;the Underwriters have not assumed an advisory or fiduciary
responsibility in favor of the Company with respect to the offering contemplated hereby or the process leading thereto (irrespective
of whether the Underwriters have advised or are currently advising the Company on other matters) or any other obligation to the
Company except the obligations expressly set forth in this Agreement, (iv)&#8239;in no event do the parties intend that the
Underwriters act or be responsible as a fiduciary to the Company, its management, shareholders, creditors or any other person in
connection with any activity that the Underwriters may undertake or have undertaken in furtherance of this Offering, either before
or after the date hereof and (v)&#8239;the Company has consulted its own legal and financial advisors to the extent it deemed
appropriate. The Underwriters hereby expressly disclaim any fiduciary or similar obligations to the Company, either in connection
with the transactions contemplated by this Agreement or any matters leading up to such transactions, and the Company hereby confirms
its understanding and agreement to that effect. The Company agrees that it will not claim that the Underwriters have rendered
advisory services of any nature or respect, or owe a fiduciary or similar duty to the Company, in connection with such transaction
or the process leading thereto. The Company and the Underwriters agree that they are each responsible for making their own
independent judgment with respect to any such transactions, and that any opinions or views expressed by the Underwriters to the
Company regarding such transactions, including but not limited to any opinions or views with respect to the price or market for the
Company&#8217;s securities, do not constitute advice or recommendations to the Company. The Company hereby waives and releases, to
the fullest extent permitted by law, any claims that the Company may have against the Underwriters with respect to any breach or
alleged breach of any fiduciary or similar duty to the Company in connection with the transactions contemplated by this Agreement or
any matters leading up to such transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.12<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT><U>Recognition of the U.S.&#8239;Special Resolution Regimes</U>. In the event that any Underwriter that is a Covered Entity (as
defined below) becomes subject to a proceeding under a U.S.&#8239;Special Resolution Regime (as defined below), the transfer from such
Underwriter of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the
transfer would be effective under the U.S.&#8239;Special Resolution Regime if this Agreement, and any such interest and obligation, were
governed by the laws of the United States or a state of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the event that any Underwriter
that is a Covered Entity or a BHC Act Affiliate (as defined below) of such Underwriter becomes subject to a proceeding under a U.S.&#8239;Special
Resolution Regime, Default Rights (as defined below) under this Agreement that may be exercised against such Underwriter are permitted
to be exercised to no greater extent than such Default Rights could be exercised under the U.S.&#8239;Special Resolution Regime if this
Agreement were governed by the laws of the United States or a state of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For purposes of this Agreement,
(a)&#8239;&#8220;<B>BHC Act Affiliate</B>&#8221; has the meaning assigned to the term &#8220;affiliate&#8221; in, and shall be interpreted
in accordance with, 12 U.S.C. &sect;&#8239;1841(k); (b)&#8239;&#8220;<B>Covered Entity</B>&#8221; means any of the following: (i)&#8239;a
 &#8220;covered entity&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &sect;&#8239;252.82(b); (ii)&#8239;a
 &#8220;covered bank&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &sect;&#8239;47.3(b); or (iii)&#8239;a
 &#8220;covered FSI&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &sect;&#8239;382.2(b); (c)&#8239;&#8220;<B>Default
Right</B>&#8221; has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. &sect;&sect;&#8239;252.81,
47.2 or 382.1, as applicable; and (d)&#8239;&#8220;<B>U.S.&#8239;Special Resolution Regime</B>&#8221; means each of (i)&#8239;the Federal
Deposit Insurance Act and the regulations promulgated thereunder and (ii)&#8239;Title II of the Dodd-Frank Wall Street Reform and Consumer
Protection Act and the regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>[Remainder of page intentionally left blank]</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If the foregoing correctly
sets forth the understanding between the Representative and the Company, please so indicate in the space provided below for that purpose,
whereupon this letter shall constitute a binding agreement between us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very
    truly yours,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CARTESIAN
    GROWTH CORPORATION III</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Peter Yu</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accepted
    on the date first above written.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CANTOR
    FITZGERALD &amp; CO., as</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Representative
    of the several underwriters</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
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    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#8239;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sage Kelly</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Global Head of Investment Banking</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.3in; text-indent: -0.3in">&#8239;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><I>[Signature page to Underwriting
Agreement]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.3in; text-indent: -0.3in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.3in; text-indent: -0.3in">&#8239;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE A</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Cartesian Growth Corporation III</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">20,000,000 Units</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold">Underwriters</TD><TD STYLE="font-size: 10pt; font-weight: bold">&#8239;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold">Number of<BR> Firm Units to<BR> be Purchased</TD><TD STYLE="font-size: 10pt; font-weight: bold">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Cantor Fitzgerald &amp; Co.</TD><TD STYLE="font-size: 10pt">&#8239;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD><TD STYLE="font-size: 10pt; text-align: right">&#8239;</TD><TD STYLE="font-size: 10pt; text-align: left">&#8239;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; width: 86%; font-size: 10pt; font-weight: bold">Total</TD><TD STYLE="width: 2%; font-size: 10pt">&#8239;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&#8239;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">20,000,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&#8239;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE B</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">[Testing the Water Communications [DATE]]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8239;</P>



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