Compass Digital Acquisition Corp. announced a private placement of an unsecured promissory note in the principal amount of up to $1,000,000 to YAS International, LLC on December 30, 2021. The note bears no interest and is repayable in full upon consummation of the transactions.

Investor has the option to convert any unpaid balance of the note into warrants to purchase one share of Class A common stock equal to the principal amount of the note so converted divided by $1.50.