Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 14

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 14
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 EEW and its subsidiaries, taken as a whole, or Pubco which is uncured and continuing; (v)
by either our Company or EEW if we hold our shareholder meeting to approve the EEEW Business Combination Agreement and the EEW Business
Combination and such approval is not obtained; and (vi) by our Company if (a) EEW fails to deliver the required PCAOB audits prior to
the Audit Delivery Date (with that termination right expiring upon their delivery) or (b) when the PCAOB audits are delivered, they are
materially different in an adverse manner from the draft 2023 and 2024 financials that were provided to us prior to the signing of the
EEW Business Combination Agreement, including the consolidated revenues, assets and liabilities deviating by more than 20%.

If
the EEW Business Combination Agreement is terminated, all further obligations of the parties under the EEW Business Combination Agreement
(except for certain obligations related to publicity, confidentiality, fees and expenses, Trust Account waiver, termination and general
provisions) will terminate, and no party to the EEW Business Combination Agreement will have any further liability to any other party
thereto except for liability for fraud or for willful breach of the EEW Business Combination Agreement prior to termination.

Trust
Account Waiver, Non-Recourse and Releases

Each
of EEW, Pubco, the Sellers and the Seller Representative has agreed that it and its affiliates will not have any right, title, interest
or claim of any kind in or to any monies in our Trust Account , and have agreed not to, and waived any right to, make any claim against
the Trust Account (including any distributions therefrom).

The
parties of the EEW Business Combination Agreement agreed that all claims or actions that may be based upon, arise out of or relate to
the EEW Business Combination Agreement or any of the ancillary documents may only be made against the parties to the EEW Business Combination
Agreement and not against any of their past present or future directors, officers, employees, members, managers, partners affiliates,
agents, attorneys or representatives.

Purchaser
Representative and Seller Representative

The
Sponsor is serving as the Purchaser Representative under the EEW Business Combination Agreement, and in such capacity will represent
the interests of our shareholders and their respective successors and assignees after the Closing (other than the Sellers and their respective
successors and assigns) with respect to certain post-C