Document:

Exhibit 10.5

 

Bite
Acquisition Corp.

30 West Street, No. 28F

New York, New York 10004

 

February 11, 2021

 

Smart Dine, LLC

30 West Street, No. 28F

New York, New York 1004

 

Ladies and Gentlemen:

 

This letter will confirm
our agreement that, commencing on the effective date (the “Effective Date”) of the registration statement
(the “Registration Statement”) for the initial public offering (the “IPO”)
of the securities of Bite Acquisition Corp. (the “Company”) and continuing until the earlier of (i) the
consummation by the Company of an initial business combination or (ii) the Company’s liquidation (in each case as described
in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”),
Smart Dine, LLC (the “Sponsor”) shall make available, or cause to be made available, to the Company certain
office space, utilities and administrative support as may be reasonably required by the Company from time to time, situated at
30 West Street, No. 28F, New York, New York 10004 (or any successor location). In exchange therefor, the Company shall pay
the Sponsor the sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. The
Sponsor hereby agrees that it does not have any right, title, interest, cause of action or claim of any kind (each, a “Claim”)
in or to any monies that may be set aside in a trust account (the “Trust Account”) to be established
upon the consummation of the IPO for the benefit of the public stockholders of the Company and hereby waives any Claim it may have
in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse
against the Trust Account for any reason whatsoever.

 

This letter 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 letter agreement
may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

 

No party hereto may
assign either this letter 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 letter agreement
constitutes the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract,
tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State
of New York, without giving effect to its choice of laws principles.

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	BITE ACQUISITION CORP.
	 	 
	 	 
	 	By:	/s/ Alberto Ardura Gonzalez
	 	 	Name:	Alberto Ardura Gonzalez
	 	 	Title:	Chief Executive Officer

 

 

	AGREED TO AND ACCEPTED BY:	 
	 	 
	SMART DINE, LLC	 
	 	 
	 	 
	By:	/s/ Axel Molet Warschawski	 
	 	Name:	Axel Molet Warschawski	 
	 	Title:	Chief Financial Officer	 

 

[Signature Page to Administrative
Services Agreement]Exhibit 10.6

 

February 11,
2021

 

Bite Acquisition
Corp.

30 West Street, No. 28F

New York, NY 10004

 

Ladies and Gentlemen:

 

Bite Acquisition Corp.
(the “Company”), a blank check company formed for the purpose of entering into a merger, capital stock
exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or
more businesses or entities (a “Business Combination”), intends to register its securities under the
Securities Act of 1933, as amended (the “Securities Act”), in connection with its initial public offering
(“IPO”). The Company currently anticipates selling units in the IPO, each comprised of one share of common
stock, par value $0.0001 per share, of the Company (“Common Stock”) and one-half of one warrant (“Warrant”),
each whole Warrant to purchase one share of Common Stock.

 

The undersigned hereby
commits to purchase an aggregate of 470,000 units of the Company (“Initial Units”) at $10.00 per Initial
Unit for an aggregate purchase price of $4,700,000 (the “Initial Purchase Price”). Additionally, if the
underwriters in the IPO (“Underwriters”) exercise their over-allotment option in full or in part, the
undersigned further commits to purchase up to an additional 52,500 Units (“Additional Units” and together
with the Initial Units, the “Private Units”) at $10.00 per Additional Unit, for an aggregate purchase
price of up to $525,000 (the “Over-Allotment Purchase Price” and together with the Initial Purchase Price,
the “Purchase Price”)). The Private Units and underlying private warrants (“Private Warrants”)
will be identical to the units and warrants to be sold in the IPO except as described in the Company’s registration statement
filed in connection with the IPO (“Registration Statement”).

 

On the date of the
closing of the IPO (the “IPO Closing Date”), the Company shall issue and sell to the undersigned, and
the undersigned shall purchase from the Company, the Initial Units for the Initial Purchase Price. At least one (1) business
day prior to the date the Registration Statement is declared effective, the undersigned will cause the Purchase Price to be delivered
by wire transfer of immediately available funds to the accounts designated by the Company, including to the trust account at a
financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as
trustee, in accordance with the Company’s wiring instructions. On the IPO Closing Date, the Initial Purchase Price shall
be released to the Company and the Company shall effect delivery of the Initial Units to the undersigned in book-entry form.

 

On the date of the
closing of the over-allotment option, if any, in connection with the IPO (each such date, an “Over-Allotment Closing
Date,” and each Over-Allotment Closing Date (if any) and the IPO Closing Date, a “Closing Date”),
the Over-Allotment Purchase Price shall be released to the Company and the Company shall issue and sell to the undersigned, and
the undersigned shall purchase from the Company, the Additional Units (or, to the extent the over-allotment option is not exercised
in full, a lesser number of Additional Units in proportion to portion of the over-allotment option that is exercised). On each
Over-Allotment Closing Date, if any, subject to receipt of funds pursuant to the immediately prior sentence, the Company shall
effect delivery of the Additional Units to the undersigned in book-entry form.

 

The Private Units and
underlying Private Warrants will be identical to the units and warrants to be sold by the Company in the IPO, except that:

 

		·	the undersigned agrees to vote the shares of Common Stock included in the Private Units (“Private
Shares”) in favor of any proposed Business Combination;

 

		·	the Private Warrants included in the Private Units (i) will not be redeemable by the Company
and (ii) may be exercised for cash or on a cashless basis, as described in the Registration Statement, in each case so long
as they are held by the undersigned or any of its permitted transferees;

 

     

     

    

 

		·	the undersigned agrees not to seek conversion, or seek to sell such shares in any tender offer,
in connection with any proposed Business Combination with respect to the Private Shares;

 

		·	the Private Units and underlying securities will not be transferable by the undersigned until the
consummation of a Business Combination (subject to certain exceptions as described in the Registration Statement and set forth
in the warrant agreement governing the Private Warrants (the “Warrant Agreement”));

 

		·	the Private Units and underlying securities will be subject to customary registration rights, pursuant
to a registration rights agreement on terms agreed upon by the Company and the Underwriters to be filed as an exhibit to the Registration
Statement (the “Registration Rights Agreement”);

 

		·	the undersigned will not participate in any liquidation distribution with respect to the Private
Units or the underlying securities (but will participate in liquidation distributions with respect to any units or shares of Common
Stock purchased by the undersigned in the IPO or in the open market after the IPO) if the Company fails to consummate a Business
Combination; and

 

		·	the Private Units and the underlying securities will include any additional terms or restrictions
as is customary in other similarly structured blank check company offerings or as may be reasonably required by the Underwriters
in order to consummate the IPO, which terms or restrictions will be described in the Registration Statement.

 

The undersigned acknowledges
and agrees that it will execute agreements in form and substance typical for transactions of this nature necessary to effectuate
the foregoing agreements and obligations prior to the consummation of the IPO as are reasonably acceptable to the undersigned,
including but not limited to (i) an insider letter and (ii) the Registration Rights Agreement.

 

The undersigned hereby
represents and warrants to the Company (which representations and warranties shall survive each Closing Date) that:

 

		(a)	it has been advised that the Private Units, including the Private Shares and the Private Warrants
included in the Private Units, and, upon exercise of the Private Warrants, the shares of Common Stock issuable upon such exercise
(collectively, the “Securities”), have not been registered under the Securities Act;

 

		(b)	it is acquiring the Securities for its own account, for investment purposes only and not with a
view towards, or for resale in connection with, any public sale or distribution thereof;

 

		(c)	it understands that the Securities are being offered and will be sold to it in reliance on specific
exemptions from the registration requirements of the United States federal and state securities laws and that the Company is relying
upon the truth and accuracy of, and the undersigned’s compliance with, the representations and warranties of the undersigned
set forth herein in order to determine the availability of such exemptions and the eligibility of the undersigned to acquire such
Securities;

 

		(d)	it is an “accredited investor” as defined by Rule 501(a)(3) of Regulation
D promulgated under the Securities Act, and it has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of
Regulation D under the Securities Act. The undersigned did not decide to enter into this letter agreement as a result of any general
solicitation or general advertising within the meaning of Rule 502(c) of Regulation D under the Securities Act;

 

		(e)	it has been furnished with all materials relating to the business, finances and operations of the
Company and materials relating to the offer and sale of the Securities which have been requested by the undersigned. The undersigned
has been afforded the opportunity to ask questions of the executive officers and directors of the Company. The undersigned understands
that its investment in the Securities involves a high degree of risk and it has sought such accounting, legal and tax advice as
it has considered necessary to make an informed investment decision with respect to the acquisition of the Securities;

 

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		(f)	it understands that no United States federal or state agency or any other government or governmental
agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment
in the Securities by the undersigned nor have such authorities passed upon or endorsed the merits of the offering of the Securities;

 

		(g)	it understands that: (A) the Securities have not been and are not being registered under the
Securities Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently
registered thereunder or (2) sold in reliance on an exemption therefrom; and (B) except as specifically set forth in
the Registration Rights Agreement, neither the Company nor any other person is under any obligation to register the Securities
under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder. In
this regard, the undersigned understands that the U.S. Securities and Exchange Commission has taken the position that promoters
or affiliates of a blank check company and their transferees, both before and after an initial Business Combination, are deemed
to be “underwriters” under the Securities Act when reselling the securities of a blank check company. Based on that
position, Rule 144 adopted pursuant to the Securities Act would not be available for resale transactions of the Securities
despite technical compliance with the requirements of such Rule, and the Securities can be resold only through a registered offering
or in reliance upon another exemption from the registration requirements of the Securities Act;

 

		(h)	it has such knowledge and experience in financial and business matters, knowledge of the high degree
of risk associated with investments in the securities of companies in the development stage such as the Company, is capable of
evaluating the merits and risks of an investment in the Securities and is able to bear the economic risk of an investment in the
Securities in the amount contemplated hereunder for an indefinite period of time. The undersigned has adequate means of providing
for its current financial needs and contingencies and will have no current or anticipated future needs for liquidity which would
be jeopardized by the investment in the Securities. The undersigned can afford a complete loss of its investments in the Securities;

 

		(i)	it understands that the Private Units and the Private Shares included in the Private Units shall
bear the legend substantially in the form of the following and be subject to appropriate “stop transfer restrictions”:

 

“THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE
OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE
STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS ON TRANSFER
DESCRIBED IN THE LETTER AGREEMENT BY AND AMONG BITE ACQUISITION CORP. (THE “COMPANY”), SMART DINE, LLC AND THE OTHER
PARTIES THERETO, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE UPON WHICH
THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN ITS AMENDED AND RESTATED CERTIFICATE OF INCORPORATION) EXCEPT
TO A PERMITTED TRANSFEREE WHO AGREES IN WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS.

 

SECURITIES EVIDENCED HEREBY SHALL
BE ENTITLED TO REGISTRATION RIGHTS UNDER A REGISTRATION RIGHTS AGREEMENT WITH THE COMPANY.”;

 

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		(j)	it understands that the Private Warrants shall bear the legend substantially in the form set forth
in the Warrant Agreement and be subject to appropriate “stop transfer restrictions”;

 

		(k)	it has full power, authority and legal capacity to execute and deliver this letter agreement and
any documents contemplated herein or needed to consummate the transactions contemplated in this letter agreement;

 

		(l)	this letter agreement constitutes a legal, valid and binding obligation of the undersigned, enforceable
in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws
of general applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered
in a proceeding in equity or law); and

 

(m) the
execution and delivery by the undersigned of this letter agreement and the fulfillment of and compliance with the terms hereof
by the undersigned do not and shall not as of each Closing Date (a) conflict with or result in a breach by the undersigned
of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security
interest, charge or encumbrance upon the undersigned’s equity or assets under, (d) result in a violation of, or (e) require
any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative
or governmental body or agency pursuant to the undersigned’s organizational documents in effect on the date hereof or as
may be amended prior to completion of the contemplated IPO, or any material law, statute, rule or regulation to which the
undersigned is subject, or any agreement, instrument, order, judgment or decree to which the undersigned is subject, except for
any filings required after the date hereof under federal or state securities laws.

 

All of the representations
and warranties contained herein shall survive each Closing Date. Except as otherwise expressly provided herein, all covenants and
agreements contained in this letter agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit
of the respective successors of the parties hereto whether so expressed or not. Notwithstanding the foregoing or anything to the
contrary herein, the parties may not assign this letter agreement, other than assignments by the undersigned to affiliates thereof
(including, without limitation one or more of its members). This letter agreement may not be amended, modified or waived as to
any particular provision, except by a written instrument executed by the parties hereto.

 

Whenever possible,
each provision of letter agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if
any provision of this letter agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective
only to the extent of such prohibition or invalidity, without invalidating the remainder of this letter agreement. This letter
agreement may be executed simultaneously in two or more counterparts, none of which need contain the signatures of more than one
party, but all such counterparts taken together shall constitute one and the same agreement.

 

Any notice, consent
or request to be given in connection with any of the terms or provisions of this letter agreement shall be in writing and shall
be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or electronic
transmission.

 

This letter agreement
shall be deemed to be a contract made under the laws of the State of New York and for all purposes shall be construed in accordance
with the internal laws of the State of New York, without giving effect to conflicts of law principles that would result in the
application of the laws of another jurisdiction.

 

This letter agreement
may be terminated by the Company or the undersigned at any time after February 26, 2021 upon written notice to the other party
hereto if the closing of the IPO does not occur prior to such date.

 

[Signature Page Follows]

 

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	 	Very truly yours,
	 	 	 	 
	 	SMART DINE, LLC
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Axel Molet Warschawski
	 	 	Name:	Axel Molet Warschawski 
	 	 	Title:	Chief Financial Officer

 

 

	Accepted and Agreed:	 
	 	 	 	 
	Bite ACQUISITION CORP.	 
	 	 	 	 
	 	 	 	 
	By:	/s/ Alberto Ardura Gonzalez	 
	 	Name:	Alberto Ardura Gonzalez	 
	 	Title:	Chief Executive Officer	 

 

[Signature Page to Subscription Agreement for Private Units]

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