EX-10.5




 Exhibit 10.5 

COMPASS DIGITAL ACQUISITION CORP. 

3626 N Hall St 
 Suite 910 

Dallas, TX 75219 
 October 14, 2021

 Compass Digital SPAC LLC 
 3626 N Hall St, Suite 910 

Dallas, Texas 75219 
 Re: Administrative
Services Agreement 
 Ladies and Gentlemen: 

This letter agreement (this “Agreement”) by and between Compass Digital Acquisition Corp. (the
“Company”) and Compass Digital SPAC LLC (the “Sponsor”), dated as of the date hereof, will confirm our agreement that, commencing on the date the securities of the Company are first listed on the
NASDAQ (the “Listing Date”), pursuant to a Registration Statement on Form S-1 and prospectus filed with the U.S. Securities and Exchange Commission (the “Registration
Statement”) and continuing until the earlier of the consummation by the Company of an initial business combination or the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date
hereinafter referred to as the “Termination Date”): 
 1.    The Sponsor shall make
available, or cause to be made available, to the Company, at 3626 N Hall St, Suite 910, Dallas, TX 75219 (or any successor location), office space and secretarial and administrative services and other obligations of the Sponsor as may be reasonably
required by the Company. In exchange therefor, the Company may pay the Sponsor up to $10,000 per month on the Listing Date and continuing monthly thereafter until the Termination Date; and 

2.    The Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as
a result of, or arising out of, this Agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out of, the trust account established for the benefit of the public shareholders of the
Company and into which substantially all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”), and hereby irrevocably waives any Claim it may have in the future as a result of,
or arising out of, this Agreement, which Claim would reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction
of any Claim against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever. 
 This Agreement
constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they
relate in any way to the subject matter hereof or the transactions contemplated hereby. 
 This Agreement may not be amended, modified or
waived as to any particular provision, except by a written instrument executed by the parties hereto. 
 No party hereto may assign either
this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer
or assign any interest or title to the purported assignee. 
 This Agreement shall be governed by and construed in accordance with the laws
of the State of New York for agreements made and to be wholly performed within such state, without regards to the conflicts of laws principles thereof. 

[Signature Page Follows]











 
					
	Very truly yours,
	
	COMPASS DIGITAL ACQUISITION CORP.
		
	By:	 	 /s/ Burhan Jaffer

		 	Name:	 	Burhan Jaffer
		 	Title:	 	Chief Financial Officer


  

					
	AGREED AND ACCEPTED BY:
	
	COMPASS DIGITAL SPAC LLC
		
	By	 	 /s/ Abidali Neemuchwala

		 	Name:	 	Abidali Neemuchwala
		 	Title:	 	Authorized Person

 [Signature Page to Administrative Services Agreement]