Document:

Exhibit 10.5

 

		 	[●], 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 420,000 units of the Company (“Initial Units”) at $10.00 per Initial
Unit for an aggregate purchase price of $4,200,000 (the “Initial Purchase Price”). Additionally, if the
underwriters in the IPO (“Underwriters”) exercise their over-allotment option in full or part, the undersigned
further commits to purchase up to an additional 45,000 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 $450,000 (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 [●], 20[●] 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:	 
	 	 	Name: Axel Molet Warschawski
	 	 	Title: Chief Financial Officer  

 

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

 

[Signature Page to Subscription Agreement for Private Units]Exhibit 10.6

 

STOCK ESCROW AGREEMENT

 

STOCK ESCROW AGREEMENT,
dated as of [●], 2021 (the “Agreement”), by and among Bite
Acquisition Corp., a Delaware corporation (the “Company”), smart
dine, LLC, a Delaware limited liability company (the “Sponsor”), the stockholders of the Company
listed on Exhibit A hereto (together with Sponsor and any permitted transferee of the Sponsor or such stockholders after the date
hereof in accordance with the terms hereof being referred to as, the “Founders”) and CONTINENTAL STOCK
TRANSFER & TRUST COMPANY, a New York limited purpose trust company (the “Escrow Agent”).

 

WHEREAS, the Company
was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization,
reorganization or other similar business combination (a “Business Combination”) with one or more businesses
or entities.

 

WHEREAS, the Company
has entered into an Underwriting Agreement, dated as of [●], 2021 (the “Underwriting Agreement”),
with EarlyBirdCapital, Inc. (the “Representative”) acting as representative of the several
underwriters (collectively, the “Underwriters”), pursuant to which, among other matters, the Underwriters
have agreed to purchase 15,000,000 units (the “Units”) of the Company, plus an additional 2,250,000 Units
if the Underwriters exercise their over-allotment option in full. Each Unit consists of one share of the Company’s common
stock, par value $0.0001 per share (“Common Stock”), and one-half of one warrant (“Warrant”),
each whole Warrant to purchase one share of Common Stock, all as more fully described in the Company’s final Prospectus,
dated [●], 2021 (the “Prospectus”) comprising part of the Company’s Registration Statement
on Form S-1 (File No. 333-252406) under the Securities Act of 1933, as amended (the “Registration Statement”),
declared effective on [●], 2021 (the “Effective Date”).

 

WHEREAS, the Founders
have agreed as a condition of the sale of the Units to deposit their shares common stock, par value $0.0001 per share, of the Company
(the “Founder Shares”) in escrow as hereinafter provided.

 

WHEREAS, the Company
and the Founders desire that the Escrow Agent accept the Founder Shares, in escrow, to be held and disbursed as hereinafter provided.

 

IT IS AGREED:

 

1. Appointment
of Escrow Agent. The Company and the Founders hereby appoint the Escrow Agent to act in accordance with and subject to the
terms of this Agreement and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with and subject to
such terms.

 

2. Deposit
of Shares. On or before the Effective Date, the Founders’ respective Founder Shares set forth on Exhibit A hereto shall
be deposited in escrow, to be held and disbursed subject to the terms and conditions of this Agreement. The Founders acknowledge
that the shares deposited in escrow will be legended to reflect the deposit of such shares under this Agreement.

 

3. Disbursement
of the Escrow Shares.

 

3.1 If the over-allotment
option to purchase all or a portion of the additional 2,250,000 Units of the Company is not exercised in full within 45 days of
the date of the Prospectus (as described in the Underwriting Agreement), the Sponsor agrees that the Escrow Agent shall return
to the Company for cancellation, at no cost, the number of Founder Shares held by the Sponsor determined by multiplying 562,500
by a fraction, (i) the numerator of which is 2,250,000 minus the number of Units purchased by the Underwriters upon the exercise
of the over-allotment option, and (ii) the denominator of which is 2,250,000. The Company shall promptly provide notice to the
Escrow Agent of the expiration or termination of the over-allotment option and the number of Units, if any, purchased by the Underwriters
in connection with the exercise thereof.

 

    

     

    

 

3.2 Except as
otherwise set forth herein, the Escrow Agent shall hold the Founder Shares remaining after any cancellation required pursuant
to Section 3.1 above (such remaining shares to be referred to herein as the “Escrow Shares”) until
the earlier of one year after the date of the consummation of an initial Business Combination and the date on which the
closing price of the Common Stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends,
reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing 150 days after the
consummation of an initial Business Combination (such period of time during which the Escrow Shares are held in escrow, the
 “Escrow Period”). The Company shall promptly provide notice of the consummation of an initial
Business Combination to the Escrow Agent. Upon completion of the Escrow Period, the Escrow Agent shall disburse such amount
of each Founder’s Escrow Shares to the applicable Founder; provided, however, that if, after the consummation of an
initial Business Combination and during the Escrow Period, the Company (or the surviving entity) consummates a liquidation,
merger, stock exchange or other similar transaction which results in all of the stockholders of such entity having the right
to exchange their shares of Common Stock for cash, securities or other property, then the Escrow Agent will, upon receipt of
a notice executed by the Chairman of the Board, Chief Executive Officer or other authorized officer of the Company (or the
surviving entity), in form reasonably acceptable to the Escrow Agent, certifying that such transaction is then being
consummated or such conditions have been achieved, as applicable, release the Escrow Shares to the Founders. The Escrow Agent
shall have no further duties hereunder after the disbursement of the Escrow Shares in accordance with this Section 3.2.

 

3.3 If the Escrow
Agent is notified by the Company pursuant to Section 6.7 hereof that the Company’s Trust Account (as defined in that certain
Investment Management Trust Agreement, dated as of the date hereof, by and between the Company and the Escrow Agent as trustee
thereunder) is being liquidated, then the Escrow Agent shall deliver the certificates representing the Escrow Shares to the Founders
promptly after the public stockholders are paid the liquidating distributions and shall have no further duties hereunder.

 

4. Rights of
Founders in Escrow Shares.

 

4.1 Voting Rights
as a Stockholder. Subject to the terms of the Insider Letter described in Section 4.4 hereof and except as herein provided,
the Founders shall retain all of their rights as stockholders of the Company as long as any shares are held in escrow pursuant
to this Agreement, including, without limitation, the right to vote such shares.

 

4.2 Dividends
and Other Distributions in Respect of the Escrow Shares. For as long as any shares are held in escrow pursuant to this Agreement,
all dividends payable in cash with respect to the Escrow Shares shall be paid to the Founders, but all dividends payable in stock
or other non-cash property (“Non-Cash Dividends”) shall be delivered to the Escrow Agent to hold in accordance
with the terms hereof. As used herein, the term “Escrow Shares” shall be deemed to include the Non-Cash Dividends distributed
thereon, if any.

 

4.3 Restrictions
on Transfer. During the Escrow Period, the only permitted transfers of the Escrow Shares will be (i) among the Founders or
to the Company’s or the Founders’ members, officers, directors, consultants or their affiliates, (ii) to a Founder’s
stockholders or members upon such Founder’s liquidation, in each case if the Founder is an entity, (iii) by bona fide gift
to a member of a Founder’s immediate family or to a trust, the beneficiary of which is a Founder or a member of a Founder’s
immediate family, in each case for estate planning purposes, (iv) by virtue of the laws of descent and distribution upon death,
(v) pursuant to a qualified domestic relations order, or (vi) to the Company for no value for cancellation in connection with the
consummation of a Business Combination, (vii) in connection with the consummation of a Business Combination at prices no greater
than the price at which the Escrow Shares were originally purchased; provided, however, that except for clause (vi) or with the
Company’s prior written consent, such permitted transfers may be implemented only upon the respective transferee’s
written agreement to be bound by the terms and conditions of this Agreement and of the Insider Letter.

 

4.4 Insider Letter.
The Founders have executed a letter agreement with the Company, dated as of the date hereof, the form of which is filed as an exhibit
to the Registration Statement (“Insider Letter”), respecting the rights and obligations of such Founders
in certain events, including, but not limited to, the liquidation of the Company.

 

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5. Concerning
the Escrow Agent.

 

5.1 Good
Faith Reliance. The Escrow Agent shall not be liable for any action taken or omitted by it in good faith and in the
exercise of its own best judgment, and may rely conclusively and shall be protected in acting upon any order, notice, demand,
certificate, opinion or advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report or
other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as
to the truth and acceptability of any information therein contained) which is believed by the Escrow Agent in good faith to
be genuine and to be signed or presented by the proper person or persons. The Escrow Agent shall not be bound by any notice
or demand, or any waiver, modification, termination or rescission of this Agreement unless evidenced by a writing delivered
to the Escrow Agent signed by the proper party or parties and, if the duties or rights of the Escrow Agent are affected,
unless it shall have given its prior written consent thereto.

 

5.2 Indemnification.
Subject to Section 5.8 below, the Escrow Agent shall be indemnified and held harmless by the Company from and against any expenses,
including reasonable counsel fees and disbursements, or loss suffered by the Escrow Agent in connection with any action, suit or
other proceeding involving any claim which in any way, directly or indirectly, arises out of or relates to this Agreement, the
services of the Escrow Agent hereunder, or the Escrow Shares held by it hereunder, other than expenses or losses arising from the
gross negligence, fraud or willful misconduct of the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of
any demand or claim or the commencement of any action, suit or proceeding, the Escrow Agent shall notify the other parties hereto
in writing. In the event of the receipt of such notice, the Escrow Agent, in its sole discretion, may commence an action in the
nature of interpleader in an appropriate court to determine ownership or disposition of the Escrow Shares or it may deposit the
Escrow Shares with the clerk of any appropriate court or it may retain the Escrow Shares pending receipt of a final, non-appealable
order of a court having jurisdiction over all of the parties hereto directing to whom and under what circumstances the Escrow Shares
are to be disbursed and delivered. The provisions of this Section 5.2 shall survive in the event the Escrow Agent resigns or is
discharged pursuant to Sections 5.5 or 5.6 below.

 

5.3 Compensation.
Subject to Section 5.8 below, the Escrow Agent shall be entitled to reasonable compensation from the Company for all services rendered
by it hereunder. The Escrow Agent shall also be entitled to reimbursement from the Company for all reasonable expenses paid or
incurred by it in the administration of its duties hereunder including, but not limited to, all counsel, advisors’ and agents’
fees and disbursements and all taxes or other governmental charges.

 

5.4 Further Assurances.
From time to time on and after the date hereof, the Company and the Founders shall deliver or cause to be delivered to the Escrow
Agent such further documents and instruments and shall do or cause to be done such further acts as the Escrow Agent shall reasonably
request to carry out more effectively the provisions and purposes of this Agreement, to evidence compliance herewith or to assure
itself that it is protected in acting hereunder.

 

5.5 Resignation.
The Escrow Agent may resign at any time and be discharged from its duties as escrow agent hereunder by its giving the other parties
hereto written notice and such resignation shall become effective as hereinafter provided. Such resignation shall become effective
at such time that the Escrow Agent shall turn the Escrow Shares over to a successor escrow agent appointed by the Company and approved
by the Representative, which approval will not be unreasonably withheld, conditioned or delayed. If no new escrow agent is so appointed
within the 60-day period following the giving of such notice of resignation, the Escrow Agent may deposit the Escrow Shares with
any court it reasonably deems appropriate in the State of New York.

 

5.6 Discharge
of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested
in writing at any time by all of the other parties hereto; provided, however, that such resignation shall become effective only
upon the appointment of a successor escrow agent selected by the Company and approved by the Representative, which approval will
not be unreasonably withheld, conditioned or delayed.

 

5.7 Liability.
Notwithstanding anything herein to the contrary, the Escrow Agent shall not be relieved from liability hereunder for its own gross
negligence, fraud or willful misconduct.

 

5.8 Waiver.
The Escrow Agent hereby waives any right of set-off or any other right, title, interest or claim of any kind (“Claim”)
in, or to any distribution of, the Trust Account and hereby agrees not to seek recourse, reimbursement, payment or satisfaction
for any Claim against the Trust Account for any reason whatsoever.

 

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6. Miscellaneous.

 

6.1 Governing
Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without
giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.
The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York, Borough
of Manhattan, for purposes of resolving any disputes hereunder. As to any claim, cross-claim, or counterclaim in any way relating
to this Agreement, each party waives the right to trial by jury.

 

6.2 Third Party
Beneficiaries. Each of the parties to this Agreement hereby acknowledges that the Representative is a third party beneficiary
of this Agreement.

 

6.3 Entire Agreement.
This Agreement contains the entire agreement of the parties hereto with respect to the subject matter hereof and, except as expressly
provided herein, may only be changed, amended, or modified by a writing signed by each of the parties hereto.

 

6.4 Headings.
The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation
thereof.

 

6.5 Binding Effect.
This Agreement shall be binding upon and inure to the benefit of the respective parties hereto and their legal representatives,
successors and assigns.

 

6.6 Notices.
Any notice, consent or request to be given in connection with any of the terms or provisions of this 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,
by email or by electronic transmission:

 

If to the Company, to:

 

Bite Acquisition Corp.

30 West Street, No.
28F

New York, New York
10004

Attn: Alberto Ardura
Gonzalez and Axel Molet Warschawski

Email:
alberto.ardura@yahoo.com

Email: axelmolet@gmail.com

 

If to a Founder, to his/her/its
address set forth in Exhibit A.

 

and if to the Escrow
Agent, to:

 

Continental Stock Transfer
 & Trust Company

1 State Street

New York, New York
10004

Attn: Chairman

Fax No.: [●]

Email: [●]

 

A copy of any notice
sent hereunder shall be sent to:

 

EarlyBirdCapital,
Inc.

366 Madison
Ave., 8th Floor

New York, NY
10017

Attn: Steven
Levine

Fax No.: [●]

Email: slevine@ebccap.com

 

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with a copy to: 

 

Greenberg Traurig,
P.A.

333 S.E. 2nd
Avenue 

Miami, FL 33131

Attn: Alan
I. Annex, Esq.

Fax No.: (305)
579-0717

Email: annexa@gtlaw.com

 

and:

 

Graubard Miller

The Chrysler Building

405 Lexington Avenue

New York, New York 10174

Attn: David Alan Miller, Esq.

Fax No.: (212) 818-8881

Email: dmiller@graubard.com

 

The parties may change
the persons and addresses to which the notices or other communications are to be sent by giving written notice to any such change
in the manner provided herein for giving notice.

 

6.7 Liquidation
of the Trust Account. The Company shall give the Escrow Agent written notification of the liquidation of the Trust Account
in the event that the Company fails to consummate a Business Combination within the time period specified in the Company’s
Amended and Restated Certificate of Incorporation, as the same may be amended from time to time.

 

6.8 Counterparts.
This Agreement may be executed in several counterparts, each one of which shall constitute an original and may be delivered by
facsimile transmission and together shall constitute one instrument.

 

[Signature Page Follows]

 

    5

     

    

 

WITNESS the execution
of this Agreement as of the date first above written.

 

	 	BITE ACQUISITION CORP. 
	 	 
	 	By: 	 
	 	 	Name:  Alberto Ardura Gonzalez 
	 	 	Title:    Chief Executive Officer
	 	 
	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST

COMPANY, as Escrow Agent
	 	 
	 	By: 	 
	 	 	Name:  
	 	 	Title:    
	 	 
	 	FOUNDERS:
	 	 
	 	SMART DINE, LLC
	 	 
	 	By: 	 
	 	 	Name:  Axel Molet Warschawski
	 	 	Title:    Chief Financial Officer
	 	 
	 	 
	 	
	 	[●]

 

[Signature Page to Stock Escrow Agreement]

 

    

     

    

 

EXHIBIT A

 

	Name and Address of Founder	 	Number of 

Shares
	Smart Dine, LLC 
30 West Street, No. 28F 
New York, New York 10004	 	 	[4,312,500]
	 	 	 	 
	[●]	 	 	[●]

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