JOINDER TO LETTER AGREEMENT
Exhibit 10.28
Execution Version
THIS JOINDER TO LETTER AGREEMENT (this “Joinder”) is made and entered into as of March 29, 2024 by the undersigned parties hereto, and effective as of August 31, 2023. Reference is hereby made to that certain (i) Letter Agreement (as it may be amended from time to time, including by this Joinder and the Amendment (as defined below), the “Insider Letter”) dated as of October 14, 2021, by and among Compass Digital Acquisition Corp., a Cayman Islands exempted company with limited liability (the “Company”), Compass Digital SPAC LLC, a Delaware limited liability company (the “Prior Sponsor”) and the prior officers and directors of the Company and (ii) Amendment to Letter Agreement (the “Amendment”), dated as of August 31, 2023, by and among the Company, the Prior Sponsor and HCG Opportunity, LLC, a Delaware limited liability company.
WITNESSETH THAT:
WHEREAS, as of August 31, 2023, following persons were appointed to the following positions of the Company: (i) Xxxxxx Xxxxxxxx - Chairman of the Board, (ii) Xxxxxx Xxxxxxxx - Chief Executive Officer and Director, (iii) Xxxx Xxxxx - Chief Financial Officer, and (iv) Xxxxxx Xxxx, Xxxx Xxxxxxxx, Xxxx Xxxxx and Xxxx Xxxxxxxx were each appointed as independent directors of the Company (collectively, the “Officers and Directors”); and
WHEREAS, the Officers and Directors wish to become parties to the Insider Letter and bound by the terms thereof in accordance with the terms of the Insider Letter and this Xxxxxxx.
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Pursuant to the Insider Letter, each Officer and Director hereby: (i) acknowledges that such Officer and Director has received and reviewed a complete copy of the Insider Letter; and (ii) acknowledges and agrees that upon execution and delivery of this Joinder to the Company, such Officer and Director shall become a party to the Insider Letter, and will be fully bound by, and subject to, all of the terms and conditions of the Insider Letter, as amended or modified by the Amendment and this Xxxxxxx, as a party thereunder as though an original party thereto for all purposes of the Insider Letter.
2. Each Officer and Director agrees to execute and deliver such further instruments and documents and do such further acts as the Company may deem reasonably necessary or proper to carry out more effectively the purposes of the Insider Letter, the Amendment or this Xxxxxxx.
3. THIS JOINDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES. This Joinder, the Amendment and the Insider Letter, together with the other documents or instruments attached hereto or thereto or referenced herein or therein, constitutes the entire agreement by the Officers and Directors with respect to the subject matter of hereof and thereof, and supersedes all prior agreements and understandings, both oral and written, by the Officers and Directors with respect to its subject matter. The terms of this Joinder shall be governed by, enforced, construed and interpreted in a manner consistent with the provisions of the Insider Letter.
[Signature Page Follows]
IN WITNESS WHEREOF, the undersigned, by authority xxxx xxxxx, has caused this Xxxxxxx to be executed and delivered by the undersigned or by its duly authorized officer as of the date first written above.
OFFICERS AND DIRETORS: | ||
/s/ Xxxxxx X. Xxxxxxxx | ||
Name: | Xxxxxx X. Xxxxxxxx | |
/s/ Xxxx Xxxxx | ||
Name: | Xxxx Xxxxx | |
/s/ Xxxxxx X. Xxxxxxxx | ||
Name: | Xxxxxx X. Xxxxxxxx | |
/s/ Xxxxxx Xxxx | ||
Name: | Xxxxxx Xxxx | |
/s/ Xxxx Xxxxxxxx | ||
Name: | Xxxx Xxxxxxxx | |
/s/ Xxxx Xxxxx | ||
Name: | Xxxx Xxxxx | |
/s/ Xxxx Xxxxxxxx | ||
Name: | Xxxx Xxxxxxxx |
Acknowledged and Accepted as of the date first set forth above:
THE COMPANY: | ||
Compass Digital Acquisition Corp. | ||
By: | /s/ Xxxxxx X. Xxxxxxxx | |
Name: | Xxxxxx X. Xxxxxxxx | |
Title: | Chief Executive Officer |