Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 663

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 3
Chunk 663
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 an annual basis the corporate goals and objectives relevant to our Chief Executive Officer’s compensation,
    evaluating our Chief Executive Officer’s performance in light of such goals and objectives and determining and approving the
    remuneration (if any) of our Chief Executive Officer based on such evaluation; 

    ●
     reviewing
    and making recommendations to our Board of Directors with respect to the compensation, and any incentive compensation and equity
    based plans that are subject to Board approval of all of our other officers; 

    ●
     reviewing
    our executive compensation policies and plans; 

    ●
    implementing
    and administering our incentive compensation equity-based remuneration plans; 

    ●
     assisting
    Management in complying with our proxy statement and annual report disclosure requirements; 

    ●
     approving
    all special perquisites, special cash payments and other special compensation and benefit arrangements for our officers and employees;

    ●
    producing
    a report on executive compensation to be included in our annual proxy statement; and 

    ●
    reviewing,
    evaluating and recommending changes, if appropriate, to the remuneration for directors. 

44

Notwithstanding
the foregoing, as indicated above, other than (i) the payment to our Sponsor of up to $10,000 per month pursuant to the Administrative
Services Agreement for office space, utilities, salaries or other cash compensation paid to consultants to our Sponsor, secretarial and
administrative support, other expenses, (ii) obligations of our Sponsor and reimbursement of expenses and (iii) the payment of an aggregate
of $20,500 and $22,00 to our Chief Financial Officer, for services provided to us in 2024 and 2023, respectively, no compensation of
any kind, including finders, consulting or other similar fees, is paid to any of our existing shareholders, officers, directors or any
of their respective affiliates, prior to, or for any services they render in order to effectuate the closing of an initial Business Combination.
Accordingly, it is likely that prior to the closing of an initial Business Combination, the Compensation Committee will only be responsible
for the review and recommendation of any compensation arrangements entered into in connection with such initial Business Combination.

The
charter of the Compensation Committee also provides that the Compensation Committee may, in its sole discretion, retain or obtain the
advice of a compensation consultant, independent legal counsel or other adviser and will be directly responsible for the appointment,