Compass Digital Acquisition Corp. issues up to $1M promissory note to affiliate for working capital

Compass Digital Acquisition Corp.

Principal amount up to $1,000,000, non-interest bearing, payable upon business combination.
Initial drawdown of $60,000 on Dec 30, 2021.
Unpaid balance convertible into warrants at $1.50 per warrant, identical to existing private placement warrants.
Note issued to YAS International LLC (d/b/a Gupta Capital Group), an affiliate of sponsor Compass Digital SPAC LLC.
Waives claims against trust account; repayment from trust proceeds only upon business combination.

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