Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 8

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 8
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 Company Act; (11) information supplied; and (12) independent investigation.

None
of the representations and warranties of the parties to the EEW Business Combination Agreement shall survive the Closing and no party
has any post-Closing indemnification obligations.

Covenants
of the Parties

In
addition to customary covenants regarding the conduct of their respective businesses, efforts, access, confidentiality and public announcements,
notice of breaches, no insider trading, director and officer indemnification, Nasdaq listing, no solicitation, and other customary covenants,
the parties of the EEW Business Combination Agreement agreed to the following covenants:

Within
10 business days after signing the EEW Business Combination Agreement, EEW will amend its organizational documents to create drag-along
rights for EEW and its shareholders to drag-along minority shareholders who do not participate in a company sale transaction. Within
10 business days after such amendment, one of the Sellers, E.E.W. Global Holding Limited (“Global”), will transfer (the “Global
Transfer”) EEW Ordinary Shares to certain former shareholders of an affiliate of EEW (the “Global Transferred Shareholders”),
with such Global Transferred Shareholders taking such EEW Ordinary Shares free of the restrictions set forth in Global’s Lock-Up
Agreement, unless the Global Transferred Shareholder is an officer, director, affiliate or 5% holder of Pubco immediately after the Closing.
After the date that the EEW Registration Statement is declared effective by the SEC, EEW and the Sellers will use their commercially
reasonable efforts to cause the Global Transferred Shareholders to sign joinder agreements to become Sellers under the EEW Business Combination
Agreement, and within 5 business days after the EEW Registration Statement effective date, they will use their drag-along rights set
forth in EEW’s amended organizational documents to force all Global Transferred Shareholders that have not executed joinder agreements
to participate in the EEW Business Combination with respect to their EEW Ordinary Shares received in the Global Transfer.

Our
Company, Pubco and EEW also agreed to prepare the EEW Registration Statement to register the Pubco securities to be issued (i) in replacement
of our securities, and (ii) to Global Transferred Shareholders who either sign joinders or are dragged along after the effective date
of the EEW Registration Statement, which will also contain a proxy statement of our Company therein for the purpose of soliciting proxies
from our shareholders for the matters to be