Document:

Exhibit 10.2

 

ACTION BY WRITTEN CONSENT OF THE SHAREHOLDERS
OF

INTERNET SCIENCES, INC.

 

September 8, 2021

 

The undersigned, constituting
the majority shareholder(s) (the “Shareholders”) of Internet Sciences, Inc., a Delaware Corporation (the “Corporation”),
do hereby consent to the corporate actions specified below pursuant to the Company's bylaws, Section 228 of the Delaware General Corporate
Law and and all other applicable laws of the State of Delaware.

 

WHEREAS, John Malone and Mark
T. Maybury have been nominated to serve on the Board of Directors of the Corporation;

 

NOW, THEREFORE, BE IT RESOLVED
that the undersigned majority Shareholders of the Corporation hereby elect John Malone and Mark T. Maybury as members of the Board of
Directors;

 

RESOLVED FURTHER, that the
officers of the Corporation are, and each acting alone is, hereby authorized to do and perform any and all such acts, including execution
of any and all documents and certificates, as said officers shall deem necessary or advisable, to carry out the purposes of the foregoing
resolutions.

 

RESOLVED FURTHER, that any
actions taken by such officers prior to the date of the foregoing resolutions adopted hereby that are within the authority conferred thereby
are hereby ratified, confirmed and approved as the acts and deeds of the Corporation.

 

This written consent shall be filed in the Minute
Book of the Corporation and become a part of the records of the Corporation as of the date first appearing above. This written consent
may be signed electronically, by counterpart, and by fax.

 

IN WITNESS WHEREOF, the undersigned has executed
this Action by Written Consent as of the date first written above.

 

 

 

	 	/s/ Lynda Chervil	 
	 	Lynda Chervil	 
	 	Ownership: 62.7%unam_ex101.htm

EXHIBIT 10.1
  
 
 RICARDO LARA
 CALIFORNIA INSURANCE COMMISSIONER
  
 	 September 7, 2021  
	  
	  via email to mbudnitsky@unicoamerican.com

  
 Mr. Michael Budnitsky
 President and CEO
 Crusader Insurance Company
 26050 Mureau Road
 Calabasas, CA 91302-3171
   
 	 SUBJECT: 
	 Crusader Insurance Company – Appointment of Special Examiner; Administrative Supervision Agreement

  
 Dear Mr. Budnitsky:
  
 As you know, the California Department of Insurance’s (“CDI”) examination of Crusader Insurance Company’s (“Crusader”) financial books and records is ongoing. CDI acknowledges that Crusader is preparing a response that addresses the deficiencies in Crusader’s Revised Risk-Based Capital (“RBC”) Plan, and that such response is due by October 4, 2021 (45 days from CDI’s August 19 letter). However, notwithstanding the preceding, CDI has significant concerns about Crusader’s financial stability. CDI also has significant concerns about the effects on Crusader and Crusader’s California policyholders of a potential bankruptcy of Unico American Corporation (“Unico”), the parent company of Crusader, as addressed in Unico’s “Going Concern” memo, dated August 15, 2021 (received by CDI on August 20, 2021).
  
 Therefore, in accordance with California Insurance Code (“CIC”) Section 733(g), please be advised that the California Insurance Commissioner (“Commissioner”) has appointed Mr. Joseph B. Holloway as Special Examiner to be the onsite supervisor of CDI’s examination of Crusader. Mr. Holloway will contact you directly to make the necessary arrangements.
  
 Further, in order to protect Crusader’s policyholders and the general public, CDI requests that Crusader enter into this Administrative Supervision Agreement (“Agreement”), the terms of which are as follows:
  
 FINANCIAL SURVEILLANCE BRANCH 
1901 Harrison Street – 6th Floor 
Oakland, CA 94612 
Susan Bernard – Deputy Insurance Commissioner 
(415) 538-4073 
Susan.Bernard@Insurance.ca.gov
  
 	 
	
	

	 

  
 M. Budnitsky
 Crusader – Supervision Agreement 
 September 7, 2021
 Page 2
  
 	  
	 1.
	 It is understood that senior officers and members of the Board of Directors of Crusader will communicate freely with the Special Examiner and that the Special Examiner will have unfettered access to and the full cooperation of such individuals as may be requested by the Special Examiner.

	  
	  
	  

	  
	 2.
	 This Agreement and all working papers, recorded information, documents and copies thereof and other information obtained by or disclosed to the Special Examiner in the course of the examination shall receive confidential treatment as provided in CIC Section 735.5(c), except that CDI may share such information and documents with other state regulators pursuant to a confidentiality agreement. This provision does not apply to documents already deemed public by law or regulations, including but not limited to, quarterly financial statements.

	  
	  
	  

	  
	 3.
	 The costs for the Special Examiner, and any staff he may retain to assist him, shall be borne by Crusader, in accordance with CIC Section 733(g). In that regard, the Special Examiner requires a retainer of $50,000 to be deposited with the Commissioner’s designee within three (3) business days of execution of this Agreement. The retainer will be returned at the end of the period of examination, net of any unpaid invoices relating to the examination.

	  
	  
	  

	  
	 4.
	 While this Agreement is in effect, Crusader shall not do any of the following without the prior written approval of the Commissioner, the Special Examiner or the Special Examiner’s appointed representative:

  
 	  
	 a. 
	 Make any payments to, engage in any transaction or enter into any agreement with, any affiliated or otherwise related person or entity if the cost to Crusader is an individual payment of more than $5,000, or aggregate payments of more than $20,000. The Special Examiner will meet with Crusader to develop a list of recurring payments that may not require prior written approval.

	  
	  
	  

	  
	 b. 
	 Make any payments to, engage in any transaction or enter into any agreement with, any non-affiliated or otherwise unrelated person or entity if the cost to Crusader is an individual payment of more than $5,000, or aggregate payments of more than $20,000. The Special Examiner will meet with Crusader to develop a list of recurring payments that may not require prior written approval.

	  
	  
	  

	  
	 c.  
	 Pay any dividend of any amount.

	  
	  
	  

	  
	 d. 
	 Except as provided in 4.a. above, make any payments to or on behalf of Unico in connection with any agreement entered into between Crusader and Unico.

  
 	 
	
	

	 

  
 M. Budnitsky
 Crusader – Supervision Agreement 
 September 7, 2021
 Page 3
    
 	  
	 e. 
	 Make any loans to affiliates, officers, directors, shareholders, or third parties.

	  
	  
	  

	  
	 f.   
	 Incur any debt, obligation or liability greater than $5,000.

	  
	  
	  

	  
	 g. 
	 Enter into any new reinsurance contract or treaty or amend any existing reinsurance contract or treaty.

	  
	  
	  

	  
	 h. 
	 Make any material changes in management and essential staffing.

	  
	  
	  

	  
	 i.   
	 Increase salaries or benefits of officers or directors or make any preferential payment of bonuses or other payments considered legally preferential.

	  
	  
	  

	  
	 j.   
	 Make any other material changes in its normal course of operations, including but not limited to, entering into new lines of business, making major corporate reorganizations, redomesticating from California, etc.

  
 Nothing in this Agreement shall restrict Crusader or Unico from pursuing a sale or a restructuring of Crusader subject to regulatory approvals and requirements.
  
 Except as otherwise provided in this Agreement, Crusader shall immediately notify the Commissioner or the Special Examiner in writing of any adverse corporate events or developments, including but not limited to, any event or development that could have a material adverse effect on the business, operations, property, assets, liabilities or condition of Crusader or its affiliates.
  
 The Commissioner reserves the right to amend or supplement the conditions of this Agreement and to take further regulatory action, in his sole discretion, as the Commissioner deems necessary and appropriate.
  
 This Agreement shall remain in effect until the Commissioner provides written notice to Crusader that the Agreement is terminated, or until such time that an Administrative Order or Superior Court order supersedes this Agreement.
  
 Within five business days of the date of this letter, Crusader shall obtain a resolution from its Board of Directors in which they consent to the terms of this Agreement and that authorizes Mr. Michael Budnitsky, President and CEO of Crusader, to execute this Agreement on behalf of Crusader.
  
 	 
	
	

	 

  
 M. Budnitsky 
 Crusader – Supervision Agreement 
 September 7, 2021 
 Page 4
  
 Should you have any questions about this letter, please contact Jack Hom, Senior Attorney, at Jack.Hom@insurance.ca.gov.
  
 Please sign the acknowledgment below to indicate Crusader’s agreement and acceptance of this voluntary oversight arrangement.
  
 Thank you. 
  
 Sincerely,
  
 /s/ Susan Bernard
  
 Susan Bernard
  
 Acknowledged and Agreed by:
  
 CRUSADER INSURANCE COMPANY
  
 	 /s/ Michael Budnitsky 
	  
	 9/10/2021

	 Michael Budnitsky 
	  
	 Date

	 President and CEOExhibit 4.1

 

 

	NUMBER	UNITS
	U-	 

SEE REVERSE FOR CERTAIN DEFINITIONS

 

CUSIP [●]

 

COMPASS DIGITAL ACQUISITION CORP.

 

UNITS CONSISTING OF ONE CLASS A ORDINARY SHARE
AND ONE-THIRD OF ONE REDEEMABLE WARRANT, 

EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE
ONE CLASS A ORDINARY SHARE

 

THIS CERTIFIES THAT            is
the owner of               Units of Compass Digital Acquisition
Corp., a Cayman Islands exempted company (the “Company”), transferrable on the books of the Company in person
or by duly authorized attorney upon surrender of this certificate properly endorsed.

 

Each Unit (“Unit”)
consists of one (1) Class A ordinary share, par value $0.0001 per share (“Ordinary Share”), of the Company and
one-third of one redeemable warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder
to purchase one Ordinary Share (subject to adjustment) for $11.50 per share (subject to adjustment). Each Warrant will become exercisable
on the later of (i) thirty (30) days after the Company’s completion of a merger, share exchange, asset acquisition, share purchase,
reorganization or other similar business combination with one or more businesses (each a “Business Combination”),
and (ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised before 5:00
p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes its initial Business Combination,
or earlier upon redemption or liquidation (the “Expiration Date”). The Ordinary Shares and Warrants comprising
the Units represented by this certificate are not transferable separately prior to            ,
2021, unless Citigroup Global Markets Inc. and J.P. Morgan Securities LLC elect to allow separate trading earlier, subject to the Company’s
filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the
Company’s receipt of the gross proceeds of the Company’s initial public offering and issuing a press release announcing when
separate trading will begin. No fractional Warrants will be issued upon separation of the Units. The terms of the Warrants are governed
by a Warrant Agreement, dated as of            , 2021 (the “Warrant
Agreement”), between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to
the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance
hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York
10004, and are available to any Warrant holder on written request and without cost.

 

This certificate is not valid unless
countersigned by the Transfer Agent and registered by the Registrar of the Company.

 

This certificate shall be governed by
and construed in accordance with the internal laws of the State of New York.

 

Witness the facsimile signature
of a duly authorized signatory of the Company.

 

	 	 
	 	Authorized Signatory

 

	 	 
	 	Transfer Agent

 

     

     

    

Compass Digital Acquisition Corp.

 

The Company will furnish without
charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional
or other special rights of each class of equity or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights.

 

The following abbreviations,
when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to
applicable laws or regulations:

 

	TEN COM	— 	as tenants in common	 	UNIF GIFT MIN ACT	— 	___________ Custodian ___________
	 	 	 	 	 	 	      (Cust)                               (Minor)
	TEN ENT	—	as tenants by the entireties	 	 	 	 
	 	 	 	 	 	 	Under Uniform Gifts to Minors Act
	JT TEN	—	as joint tenants with right of survivorship and not as tenants in common	 	 	 	
    _____________________________

    

    (State)

     

Additional abbreviations may also be used though
not in the above list.

 

For value received,             
hereby sell, assign and transfer unto

 

(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING
NUMBER OF ASSIGNEE)

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING
ZIP CODE, OF ASSIGNEE)

 

            
     Units represented by the within certificate, and do hereby irrevocably constitute and appoint

 Attorney to transfer the said Units on the books of
the within named Company with full power of substitution in the premises.

 

Dated 

 

	 	 	 
	 	Notice: 	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

	Signature(s) Guaranteed:	 
	 	 
	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).	 

 

     

     

    

 

As more fully described in,
and subject to the terms and conditions described in, the Company’s final prospectus for its initial public offering dated            
the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account established
in connection with the Company’s initial public offering in the event that (i) the Company redeems the Ordinary Shares sold in its
initial public offering and liquidates because it does not consummate an initial Business Combination within the time period set forth
in the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time, or (ii)
if the holder(s) properly redeem for cash his, her or its respective Ordinary Shares included in the Units represented by this certificate
in connection with (x) a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder approval of the proposed
initial Business Combination) setting forth the details of a proposed initial Business Combination or (y) a shareholder vote to amend
the Company’s Amended and Restated Memorandum and Articles of Association (A) to modify the substance or timing of the Company’s
obligation to allow redemption in connection with our initial business combination or to redeem 100% of the Ordinary Shares if it does
not consummate an initial Business Combination within the time set forth in the Company’s Amended and Restated Memorandum and Articles
of Association or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial Business Combination
activity, as the same may be amended from time to time. In no other circumstances shall the holder(s) have any right or interest of any
kind in or to the trust account.

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