Document:

EX-10.10

 Exhibit 10.10 

SOFTWARE ACQUISITION GROUP INC. III 

CLASS A COMMON STOCK 

FORM OF SUBSCRIPTION AGREEMENT 
 Date:
August 26, 2022 
 1. Subscription: 

(a) The undersigned (the “Purchaser”) hereby agrees to
purchase                shares (the “Purchased Shares”) of Class A Common Stock, par value $0.0001 per share (the
“Class A Common Stock” ), of Software Acquisition Group Inc. III., a Delaware corporation (the “Company), in accordance with the terms and conditions of this Subscription Agreement (this
“Subscription”), at a nominal purchase price of $                per share of Class A Common Stock, subject to the adjustments set forth in
Section 1(iv) hereof. The Purchaser acknowledges and understands that this offering of the Class A Common Stock is being made without registration under the Securities Act of 1933, as amended (the “Securities Act”), or any
securities “blue sky” or other similar laws of any state. 
 (b) Prior to the consummation of the Subscription, the Purchaser must
complete, execute and deliver to the Company the following: 
 (i) An executed copy of this Subscription; and 

(ii) The Purchaser’s payment in the amount of
$                representing partial payment (the “Initial Payment Amount”) in exchange
for                shares of Class A Common Stock purchased, in the form of a wire transfer sent to the Company in accordance with wire transfer instructions which
the Company will provide at the request of the Purchaser. The Purchaser shall have no further obligation with respect to the payment or any consideration for the Purchase Shares except pursuant to clause (iv) below. 

(c) Disposal of Purchased Shares. 

(i) Upon the effectiveness of the Registration Statement (as defined below), the Purchaser may, in its sole discretion, from time to time,
offer the Purchased Shares for sale, subject only to the limitation that such daily dispositions shall not exceed twenty-five percent (25%) of the daily trading volume of the Class A Common Stock (as reported by The Nasdaq Stock Market LLC
(“Nasdaq”)) (the proceeds from each such sale, a “Disposition”). From and after the time the Purchaser receives aggregate Dispositions equal to Initial Payment Amount, sales of the Purchased Shares shall only be
permitted at prices equal to or in excess of $7.50 per Purchased Share. Any proposed sales of the Purchased Shares at prices less than $7.50 per Purchased Share shall require the mutual consent of the Company and the Purchaser. 

 (ii) The Purchaser shall retain one hundred percent (100%) of the Dispositions until the sum
of such Dispositions equals the Initial Payment Amount. Thereafter, as payment for the Purchased Shares, by no later than the third Business Day of each calendar month, the Purchaser shall remit to the Company an amount equal to the Dispositions
that settled on or before the last Business Day of the previous calendar month, net of (a) any applicable income and other taxes and (b) the Liquidity Fee. The “Liquidity Fee” shall mean a fee equal to the three and one-half percent (3.5%) of Dispositions for such previous calendar month. 
 (iii) On the earlier of
(i) September 2, 2026 and (ii) the date that (x) none of the Company’s 7.00% Convertible Senior Notes due 2026 are outstanding and (y) all of the Purchased Shares have been disposed of by the Purchaser in accordance with
this Section 1, the Company shall pay to the Purchaser the Commitment Fee. The “Commitment Fee” shall mean a fee equal to the Initial Payment Amount minus the amount by which the Initial Payment Amount is recovered by the
Purchaser through Dispositions in accordance with clause (iv) above (provided, for the avoidance of doubt, that in no circumstances shall the Commitment Fee be negative). 

(d) Registration. The Purchaser shall be entitled to all registration and procedural rights set forth in Sections 2 and 3 of that
certain Amended and Restated Registration Rights Agreement to be entered into on the date hereof, by and among the Company, the sponsor holders signatory thereto and the legacy Nogin holders signatory thereto (the “Registration Rights
Agreement”). The Purchased Shares shall be “Registrable Securities” (as such term is defined in the Registration Rights Agreement) and shall cease to be Registrable Securities in accordance with the Registration Rights Agreement.

 2. Representations by Purchaser. In consideration of the Company’s acceptance of the Subscription, Purchaser makes the following
representations and warranties to the Company and to its principals, jointly and severally, which warranties and representations shall survive any acceptance of the Subscription by the Company: 

(a) Purchaser acknowledges that the Class A Common Stock not been registered under the Securities Act, or qualified under any state
securities laws, or any other applicable blue sky laws, in reliance, in part, on Purchaser’s representations, warranties and agreements made herein. 

(b) Purchaser represents that Purchaser is an “accredited investor” within the meaning of Rule 501 of Regulation D under the
Securities Act. 
 (c) Each security representing Class A Common Stock issuable pursuant to this Subscription will be endorsed with the
following legend (or a substantially similar legend): 
 THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES, THE TRANSFER IS MADE IN COMPLIANCE WITH RULE 144 PROMULGATED
UNDER SUCH ACT OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE 

 
SECURITIES WHICH IS REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF
SUCH ACT. 
 3. Representations and Warranties by the Company. The Company represents and warrants that: 

(a) The Class A Common Stock is currently quoted on Nasdaq. The Company has not, in the 12 months preceding the date hereof, received
notice from Nasdaq to the effect that the Company is not in compliance with the listing or maintenance requirements of Nasdaq. To the Company’s knowledge, it is in compliance with all such listing and maintenance requirements. 

(b) The Company has been duly incorporated and is validly existing as a corporation, in good standing under the laws of the State of Delaware,
with full power and authority (corporate and other) to own, lease and operate its properties and conduct its business as described in the Commission Documents (defined below), and to enter into and perform its obligations under this Agreement, and
has been duly qualified as a foreign corporation for the transaction of business and is in good standing under the laws of each other jurisdiction in which it owns or leases properties or conducts any business so as to require such qualification,
except where the failure so to qualify or be in good standing would not have a material adverse effect on the general affairs, business, prospects, management, financial position, shareholders’ equity or results of operations of the Company and
the Subsidiaries (as defined below), considered as one enterprise (a “Material Adverse Effect”). 
 (c) Each subsidiary of
the Company (collectively, the “Subsidiaries” and each a “Subsidiary”) has been duly incorporated, formed or organized, as applicable, and is validly existing as a corporation, limited liability company, general or
limited partnership or other organization, as applicable, in good standing under the laws of the jurisdiction of its incorporation, formation or organization, as applicable, with full power and authority to own, lease and operate its properties and
conduct its business as described in the Commission Documents, and has been duly qualified as a foreign corporation, limited liability company, general or limited partnership or other organization, for the transaction of business and is in good
standing under the laws of each other jurisdiction in which it owns or leases properties or conducts any business so as to require such qualification, except where the failure so to qualify or be in good standing would not have a Material Adverse
Effect; all of the issued and outstanding capital stock, member interests, general or limited partner interest or other ownership interests of each Subsidiary have been duly and validly authorized and issued, are fully paid and non-assessable (except, in the case of a limited liability company or limited partnership, as such non-assessability may be affected by applicable law) and are owned by the Company, directly or through Subsidiaries,
free and clear of any lien. 
 (d) The Company has all necessary power and authority to execute, deliver, and perform its obligations under
this Subscription. This Subscription has been duly authorized, executed and delivered by Company and constitutes legally valid and binding obligations of Company, enforceable against the Company in accordance with its respective terms, except as
such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of creditors generally or by general equitable principles. 

 (e) Neither the execution and delivery by the Company of this Subscription, nor the
performance by the Company of its obligations under this Subscription requires the consent, approval, order or authorization of, or registration with, or the giving notice to, any Governmental Authority or Person, except such as have been obtained,
made or given or are otherwise set forth in this Subscription. 
 (f) The statements in the Commission Documents under the heading
“Description of Capital Stock” are true and correct in all material respects. 
 (g) Neither the Company, nor to the
Company’s knowledge, any of its affiliates, has taken or may take, directly or indirectly, any action designed to cause or result in, or which has constituted or which might reasonably be expected to constitute, the stabilization or
manipulation of the price of the shares of any securities of the Company to facilitate the sale or resale of the Purchased Shares. 
 (h)
The execution of this Subscription by the Company and the performance by the Company of the provisions of this Subscription and the consummation of the transactions herein contemplated will not conflict with or result in a breach or violation of any
of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company or any of the Subsidiaries is a party or by which the Company or any of the
Subsidiaries is bound or to which any of the property or assets of the Company or any of the Subsidiaries is subject, nor will such action result in any violation of the provisions of the certificate or articles of incorporation or by-laws (or other organization documents) of the Company or any of the Subsidiaries or any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over the Company or
any of the Subsidiaries or any of their properties; and no consent, approval, authorization, order, registration or qualification of or with any such court or governmental agency or body is required for the performance by the Company of its
obligations hereunder or the consummation by the Company of the transactions contemplated by this Subscription. 
 (i) Marcum, LLP, who has
certified certain financial statements of the Company and the Subsidiaries, is an independent public accounting firm as required by the Securities Act. The financial statements, together with related schedules and notes thereto, included in the
Commission Documents, comply in all material respects with the requirements of the Securities Act and present fairly the consolidated financial position, results of operations and changes in financial position of the Company and the Subsidiaries on
the basis stated therein at and as of the respective dates or for the respective periods to which they apply; and such statements and related schedules and notes have been prepared in accordance with generally accepted accounting principles
consistently applied throughout the periods involved, except as disclosed therein. All other financial information included in the Commission Documents has been derived from the accounting records of the Company and presents fairly in all material
respects the information shown thereby. The Company does not have any material liabilities or obligations, direct or contingent (including any off-balance sheet obligations), that are not described in the
Commission Documents. All disclosures contained in the Commission Documents regarding “non-GAAP financial measures” (as such term is defined by the Rules and Regulations) comply with Regulation G
promulgated under the Exchange Act and Item 10 of Regulation S-K promulgated under the Securities Act, to the extent applicable. 

 (j) Neither the Company nor any Subsidiary has sustained since the date of the latest
audited financial statements included in the Commission Documents any material loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or
governmental action, order or decree; and (1) there has not been any change in the capital stock or long-term indebtedness of the Company or any of the Subsidiaries, (2) there has not been any material adverse change in or affecting the
general affairs, business, prospects, management, financial position, shareholders’ equity or results of operations of the Company and the Subsidiaries, considered as one enterprise, (3) there have been no transactions entered into by, and
no obligations or liabilities, contingent or otherwise, incurred by the Company or any of the Subsidiaries, whether or not in the ordinary course of business, that are material to the Company and the Subsidiaries, considered as one enterprise or
(4) there has been no dividend or distribution of any kind declared, paid or made by the Company on any class of its capital stock, in each case, otherwise than as set forth in the Commission Documents. 

(k) Neither the Company nor any of the Subsidiaries is (i) in violation of its certificate or articles of incorporation or bylaws (or
other organization documents) or (ii) in violation of any law, ordinance, administrative or governmental rule or regulation applicable to the Company or any of the Subsidiaries, or (iii) in violation of any decree of any court or
governmental agency or body having jurisdiction over the Company or any of the Subsidiaries, or (iv) in default in the performance of any obligation, agreement or condition contained in any bond, debenture, note or any other evidence of
indebtedness or in any agreement, indenture, lease or other instrument to which the Company or any of the Subsidiaries is a party or by which any of them or any of their respective properties may be bound, except, in the case of clauses (ii), (iii)
and (iv), where any such violation or default, individually or in the aggregate, would not have a Material Adverse Effect. 
 (l) Each of
the Company and each Subsidiary has good and marketable title to all real and personal property owned by it, in each case free and clear of all liens, encumbrances and defects except such as are described in the Commission Documents or such as do
not materially affect the value of such property and do not interfere with the use made and proposed to be made of such property by the Company or any Subsidiary; and any real property and buildings held under lease by the Company or any Subsidiary
are held under valid, subsisting and enforceable leases with such exceptions as are not material and do not interfere with the use made and proposed to be made of such property and buildings by the Company or any Subsidiary. 

(m) Other than as set forth in the Commission Documents, there is no action, suit, proceeding, inquiry or investigation before or brought by
any arbitrator, court, governmental body, regulatory body, administrative agency or other authority, body or agency having jurisdiction over the Company or any of the Subsidiaries or any of their respective properties, assets or operations or
self-regulatory organization or other non-governmental regulatory authority (including, without limitation, Nasdaq) now pending or, to the knowledge of the Company, threatened, against the Company or any of
the Subsidiaries, which could reasonably be expected to result in a Material Adverse Effect, or which could reasonably be expected to materially and adversely affect the consummation of the transactions contemplated by this Subscription or which are
required to be described in the Commission Documents. 

 (n) Each of the Company and each of the Subsidiaries possesses all permits, licenses,
approvals, consents and other authorizations (collectively, “Permits”) issued by the appropriate federal, state, local or foreign regulatory agencies or bodies necessary to conduct the businesses now operated by each of them; each
of the Company and each of the Subsidiaries is in compliance with the terms and conditions of all such Permits; all of the Permits are valid and in full force and effect, except, in each case, where the failure so to comply or where the invalidity
of such Permits or the failure of such Permits to be in full force and effect, individually or in the aggregate, would not have a Material Adverse Effect; and none of the Company nor any Subsidiary has received any notice of proceedings relating to
the revocation or material modification of any such Permits. 
 (o) Each of the Company and each of the Subsidiaries own or possess, or can
acquire on reasonable terms, adequate patents, patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential
information, systems or procedures), trademarks, service marks, trade names or other intellectual property (collectively, “Intellectual Property”) necessary to carry on the business now operated by them, except to the extent
that the failure to own, possess or have other rights in such Intellectual Property would not, singly or in the aggregate, reasonably be expected to have a Material Adverse Effect, and none of the Company or any of the Subsidiaries has received any
notice or is otherwise aware of any infringement of or conflict with asserted rights of others with respect to any Intellectual Property or of any facts or circumstances which would render any Intellectual Property invalid or inadequate to protect
the interest of the Company or any of the Subsidiaries therein, and which infringement or conflict (if the subject of any unfavorable decision, ruling or finding) or invalidity or inadequacy, singly or in the aggregate, would result in a Material
Adverse Effect. 
 (p) No labor dispute with the employees of any of the Company or any of the Subsidiaries exists or, to the knowledge of
the Company, is imminent, and none of the Company or any of the Subsidiaries is aware of any existing or imminent labor disturbance by the employees of any of their respective principal suppliers, manufacturers, customers or contractors, which, in
any case, would result in a Material Adverse Effect. 
 (q) The Company and the Subsidiaries are insured by insurers of recognized financial
responsibility against such losses and risks and in such amounts as are prudent and customary in the respective businesses in which they are engaged; none of the Company nor any Subsidiary has been refused any insurance coverage sought or applied
for; and the Company has no reason to believe that either it or any Subsidiary will not be able to renew its or their respective existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may
be necessary to continue its business at a cost that would not have a Material Adverse Effect. 
 (r ) The Company and each of the
Subsidiaries have made and keep books, records and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company and the Subsidiaries. The Company maintains a system of internal
accounting controls sufficient to provide reasonable assurance that (1) transactions are executed 

 
in accordance with management’s general or specific authorizations; (2) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally
accepted accounting principles and to maintain accountability for assets; (3) access to assets is permitted only in accordance with management’s general or specific authorization; and (4) the recorded accountability for assets is
compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. 
 (s) Except as
set forth or contemplated in the Commission Documents, since the date of the latest audited financial statements included in the Commission Documents, (a) the Company has not been advised of (1) any material weaknesses or significant
deficiencies in the design or operation of internal controls that could reasonably be expected to adversely affect the ability of the Company and each of the Subsidiaries to record, process, summarize and report financial data, or any material
weaknesses in internal controls and (2) any fraud, whether or not material, that involves management or other employees who have a significant role in the internal controls of the Company and each of the Subsidiaries, and (b) since that
date, there has been no change in the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting. 

(t) The Company maintains disclosure controls and procedures (as such term is defined in Rule
13a-15(e) of the Exchange Act) that comply with the requirements of the Exchange Act; such disclosure controls and procedures are effective in all material respects to perform the functions for which they were
established. 
 (v) All United States federal income tax returns of the Company and the Subsidiaries required by law to be filed have been
filed (or extensions have been obtained with respect thereto) and all taxes shown by such returns or otherwise assessed, which are due and payable, have been paid, except assessments against which appeals have been or will be promptly taken and as
to which adequate reserves have been provided. The Company and the Subsidiaries have filed all other tax returns that are required to have been filed by them pursuant to applicable foreign, state, local or other law, except insofar as the failure to
file such returns, individually or in the aggregate, would not result in a Material Adverse Effect, and have paid all taxes due pursuant to such returns or pursuant to any assessment received by the Company or any Subsidiary except for such taxes,
if any, as are being contested in good faith and as to which adequate reserves have been provided. The charges, accruals and reserves on the books of the Company and the Subsidiaries in respect of any income and corporation tax liability for any
years not finally determined are adequate to meet any assessments or re-assessments for additional income tax for any years not finally determined. 

(w) Except as described in the Commission Documents, neither the Company nor any of the Subsidiaries is in violation of any statute or any
rule, regulation, decision or order of any governmental agency or body or any court, domestic or foreign, relating to the use, production, disposal or release of hazardous or toxic substances or relating to the protection or restoration of the
environment or human exposure to hazardous or toxic substances (collectively, “environmental laws”), owns or operates any real property contaminated with any substance that is subject to any environmental laws, is liable for
any off-site disposal or contamination pursuant to any environmental laws, or is subject to any claim relating to any environmental laws, which violation, contamination, liability or claim, individually or in
the aggregate, would have a Material Adverse Effect; and, to the best of the Company’s knowledge, no pending investigation which might lead to such a claim exists or has been threatened. 

 (x) Each employee benefit plan, within the meaning of Section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), for which the Company would have any liability, that is maintained, administered or contributed to by the Company or any Subsidiary for employees or former employees of
the Company and its affiliates has been maintained in compliance with its terms and the requirements of any applicable statutes, orders, rules and regulations, including but not limited to ERISA and the Internal Revenue Code of 1986, as amended (the
“Code”), except to the extent that failure to so comply, individually or in the aggregate, would not have a Material Adverse Effect. No prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975 of
the Code has occurred with respect to any such plan excluding transactions effected pursuant to a statutory or administrative exemption, that would have or may reasonably be expected to have a Material Adverse Effect. 

(y) None of the Company nor any of the Subsidiaries, nor any director, officer, agent, employee or other person associated with or acting on
behalf of the Company or any of its Subsidiaries, has (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful
payment to any foreign or domestic government official or employee from corporate funds, (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, or (iv) made any bribe, unlawful rebate, payoff,
influence payment, kickback or other unlawful payment. 
 (z) There is and has been no failure on the part of the Company or any of the
Company’s directors or officers, in their capacities as such, to comply with any provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith. 

(aa) The Company is not an “investment company” as such term is defined in the Investment Company Act of 1940, as amended; 

(bb) The statistical and market and industry-related data included in the Commission Documents are based on or derived from sources which the
Company believes to be reliable and accurate or represent the Company’s good faith estimates that are made on the basis of data derived from such sources, and the Company has obtained the written consent to the use of such data from sources to
the extent required. 
 (cc) The Class A Common Stock is listed on Nasdaq. 

(dd) The Company has no debt security or preferred stock that is rated by any “nationally recognized statistical rating agency” (as
that term is defined by the Commission (defined below) for purposes of Rule 436(g)(2) under the Securities Act). 
 (ee) The operations of
the Company and each of the Subsidiaries are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money
laundering statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any Governmental Entity (collectively, the “Money Laundering
Laws”); and no action, suit or proceeding by or before any Governmental Entity involving the Company or any of the Subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened. 

 (ff) None of the Company nor any of the Subsidiaries nor, to the knowledge of any of the
Company, any director, officer, agent, employee, affiliate or representative or other person acting on behalf of or providing services to the Company or any Subsidiary is an individual or entity (“Person”) currently the subject or
target of any sanctions administered or enforced by the United States Government, including, without limitation, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security
Council (“UNSC”), the European Union, Her Majesty’s Treasury (“HMT”), or other relevant sanctions authority (collectively, “Sanctions”), nor is the Company or any Subsidiary located, organized
or resident in a country or territory that is the subject of Sanctions. 
 (gg) The Company is not entering into the transactions
contemplated hereby to create actual or apparent trading activity in the Class A Common Stock (or any security convertible into or exchangeable for the Class A Common Stock) or to raise or depress or otherwise manipulate the price of the
Class A Common Stock (or any security convertible into or exchangeable for the Class A Common Stock) for the purpose of inducing the purchase or sale of such securities or otherwise in violation of the Exchange Act. 

(hh) The Company agrees that it will not seek to control or influence Purchaser’s decision to make any “purchases or sales”
(within the meaning of Rule 10b5-1(c)(1)(i)(B)(3)), including, without limitation, Purchaser’s decision to enter into any hedging transactions. 

(ii) The Company is not entering into this Subscription to facilitate a distribution of the Purchased Shares (or any security that may be
converted into or exercised or exchanged for Purchased Shares, or whose value under its terms may in whole or in significant part be determined by the value of the Purchased Shares) or in connection with any future issuance of securities. 

(jj) The Company is acting for its own account, and it has made its own independent decisions to enter into this Subscription and as to whether the
transactions contemplated hereby are appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written or oral) of Purchaser or any of its
affiliates, representatives, advisors or counsel, as investment advice or as a recommendation to enter into this Subscription, it being understood that information and explanations related to the terms and conditions of this Subscription will not be
considered investment advice or a recommendation to enter into this Subscription or the transactions contemplated hereby. 

“Commission” shall mean U.S. Securities and Exchange Commission. 

“Commission Documents” shall mean (1) the Company’s registration statement on Form
S-4 (File No. 333- 262723) initially filed with the Commission on February 14, 2022, including any related prospectus or prospectuses, for the registration of
the Common Stock to be issued in connection with the Merger, (2) the proxy statement/prospectus, dated July 27, 2022, including all documents incorporated or deemed incorporated therein by reference, included in the Registration Statement,
as it may be supplemented, in the form in which such proxy statement/prospectus has most recently been filed with the Commission pursuant to Rule 424(b) 

 
under the Securities Act, (3) all reports, schedules, registrations, forms, statements, information and other documents filed with or furnished to the Commission by the Company pursuant to
the reporting requirements of the Exchange Act, including all material filed with or furnished to the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, since July 1, 2021, including, without limitation, the
Company’s Annual Report on Form 10-K for its fiscal year ended December 31, 2021 filed by the Company with the Commission on March 30, 2022 (the “2021 Form
10-K”), and which hereafter shall be filed with or furnished to the Commission by the Company, and (4) all information contained in such filings and all documents and disclosures that have been
and heretofore shall be incorporated by reference therein. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the Commission thereunder. 
  

	4.	 Indemnification. 

(a) The Company shall indemnify and hold harmless Purchaser, and each of its affiliates, directors, officers, stockholders, members, managers,
partners, employees, representatives, agents and advisors (and any other Persons with a functionally equivalent role of a Person holding such titles notwithstanding the lack of such title or any other title), each Person, if any, who controls the
Purchaser (within the meaning of Section 15 of the Securities Act or Section 20(a) of the Exchange Act, as defined below), and each of their respective directors, officers, stockholders, members, managers, partners, employees,
representatives, agents and advisors (and any other Persons with a functionally equivalent role of a Person holding such titles notwithstanding the lack of such title or any other title) of such controlling Persons (each, an “Indemnified
Party”), from and against all losses, liabilities, obligations, claims, contingencies, damages, costs and expenses (including all judgments, amounts paid in settlement, court costs, reasonable attorneys’ fees and costs of defense and
investigation) (collectively, “Damages”) that any Indemnified Party may suffer or incur as a result of or relating to (a) any breach of any of the representations, warranties, covenants or agreements made by the Company in this
Subscription, or (b) any action, suit, claim or proceeding (including for these purposes a derivative action brought on behalf of the Company) instituted against such Indemnified Party arising out of or resulting from the execution, delivery,
performance or enforcement of this Subscription; provided, however, that (x) the foregoing indemnity shall not apply to any Damages to the extent, but only to the extent, that such Damages resulted directly and primarily from a breach of any of
such Indemnified Party’s, and (y) the Company shall not be liable under subsection (a) of this Section 4 to the extent, but only to the extent, that a court of competent jurisdiction shall have determined by a final judgment
(from which no further appeals are available) that such Damages resulted directly and primarily from any acts or failures to act, undertaken or omitted to be taken by such Indemnified Party through its fraud, bad faith, gross negligence, or willful
or reckless misconduct. 
 (b) The Company shall reimburse any Indemnified Party promptly upon demand (with accompanying presentation of
sufficiently detailed documentary evidence) for all legal and other costs and expenses reasonably incurred by such Indemnified Party in connection with (i) any action, suit, claim or proceeding, whether at law or in equity, to enforce
compliance by the Company with any provision of this Subscription or (ii) any other any action, suit, claim or proceeding, whether at law or in equity, with respect to which it is entitled to indemnification under this Section 4; provided
that the Purchaser shall promptly reimburse the Company for all such legal and other costs and expenses to the extent a court of competent jurisdiction determines that any Indemnified Party was not entitled to such reimbursement. 

 (c) An Indemnified Party’s right to indemnification or other remedies based upon the
representations, warranties, covenants and agreements of the Company set forth in this Subscription shall not in any way be affected by any investigation or knowledge of such Indemnified Party. Such representations, warranties, covenants and
agreements shall not be affected or deemed waived by reason of the fact that an Indemnified Party knew or should have known that any representation or warranty might be inaccurate or that the Company failed to comply with any agreement or covenant.
Any investigation by such Indemnified Party shall be for its own protection only and shall not affect or impair any right or remedy hereunder. 

(d) To the extent that the foregoing undertakings by the Company set forth in this Section 4 may be unenforceable for any reason,
the Company shall make the maximum contribution to the payment and satisfaction of each of the Damages which is permissible under applicable law. 

(e) Promptly after an Indemnified Party receives notice of a claim or the commencement of an action for which the Indemnified Party intends to
seek indemnification under Section 4, the Indemnified Party will notify the Company in writing of the claim or commencement of the action, suit or proceeding; provided, however, that failure to notify the Company will not relieve the Company
from liability under this Section 4, except to the extent it has been materially prejudiced by the failure to give notice. The Company will be entitled to participate in the defense of any claim, action, suit or proceeding as to which
indemnification is being sought, and if the Company acknowledges in writing the obligation to indemnify the Indemnified Party against whom the claim or action is brought, the Company may (but will not be required to) assume the defense against the
claim, action, suit or proceeding with counsel satisfactory to it. After the Company notifies the Indemnified Party that the Company wishes to assume the defense of a claim, action, suit or proceeding, the Company will not be liable for any further
legal or other expenses incurred by the Indemnified Party in connection with the defense against the claim, action, suit or proceeding except that if, in the opinion of counsel to the Indemnified Party, it would be inappropriate under the applicable
rules of professional responsibility for the same counsel to represent both the Company and such Indemnified Party. In such event, the Company will pay the reasonable fees and expenses of no more than one separate counsel for all such Indemnified
Parties promptly as such fees and expenses are incurred. Each Indemnified Party, as a condition to receiving indemnification as provided in this Section 4, will cooperate in all reasonable respects with the Company in the defense of any action
or claim as to which indemnification is sought. The Company will be not liable for any settlement of any action effected without its prior written consent, which consent shall not be unreasonably withheld, delayed or conditioned. The Company will
not, without the prior written consent of the Indemnified Party, effect any settlement of a pending or threatened action with respect to which an Indemnified Party is, or is informed that it may be, made a party and for which it would be entitled to
indemnification, unless the settlement includes an unconditional release of the Indemnified Party from all liability and claims which are the subject matter of the pending or threatened action. 

(f) The remedies provided for in this Section 4 are not exclusive and shall not limit any rights or remedies which may otherwise be
available to any Indemnified Party at law or in equity. 

 5. Adjustment in Share Numbers and Prices. In the event of any stock split, subdivision, dividend or
distribution payable in shares of Class A Common Stock (or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly shares of Class A Common Stock), combination or other similar
recapitalization or event occurring after the date hereof and prior to the issuance of the Class A Common Stock, each reference in the Subscription to a number of shares or price per share shall be deemed to be amended to appropriately account
for such event. 
 6. Governing Law. This Subscription shall be construed in accordance with the laws of the State of New York. 

7. Counterparts. This Subscription and any signed agreement or instrument entered into in connection with this Subscription, and any amendments hereto
or thereto, may be executed in one or more counterparts, all of which shall constitute one and the same instrument. Any such counterpart, to the extent delivered by means of a facsimile machine or by .pdf, .tif, .gif, .peg or similar attachment to
electronic mail (any such delivery, an “Electronic Delivery”) shall be treated in all manner and respects as an original executed counterpart and shall be considered to have the same binding legal effect as if it were the original
signed version thereof delivered in person. At the request of any party, each other party shall re execute the original form of this Subscription and deliver such form to all other parties. No party shall raise the use of Electronic Delivery to
deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each such party forever waives any such defense,
except to the extent such defense relates to lack of authenticity. 
  

	8.	 Investor Information: 

[        ] 

 Subject to acceptance by the Company, the undersigned has completed this Subscription to
evidence his/her/its subscription for the purchase of Securities of the Company, this 26th day of August, 2022. 

 

			
	[         ]
		
	By:	 	  

	Name:
	Title:

 The Company has accepted this subscription this 26th day August of 2022 

 

			
	SOFTWARE ACQUISITION GROUP INC. III
		
	By:	 	  

	Name:
	Title:Exhibit 10.1

 

THIS PROMISSORY
NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS
NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF
UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION
IS NOT REQUIRED.  

 

AMENDED AND RESTATED
PROMISSORY NOTE

 

	Principal Amount: Up to $300,000	
    Dated as of August 26, 2022

    New York, New York

 

WHEREAS,
on September 30, 2021, ABRI SPAC 2, Inc., a Delaware corporation and blank check company (the “Maker”), promised
to pay to the order of ABRI Ventures 2, LLC, or its registered assigns or successors in interest (the
“Payee”), or order, the principal sum of up to Three Hundred Thousand Dollars ($300,000) in lawful money of the United
States of America (the “Original Note”;

 

WHEREBY,
the Payee has agreed to extend the date of the Original Note, on the same terms and conditions as described herein, which note (hereinafter
the “Note”) supersedes and replaces the Original Note.  All payments on this Note shall be made by check or wire
transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to time designate
by written notice in accordance with the provisions of this Note.

 

1. Principal. The
principal balance of this Note shall be payable by the Maker on the earlier of: (i) August 31, 2023 or (ii) the date on which Maker consummates
an initial public offering of its securities. The principal balance may be prepaid at any time. Under no circumstances shall any
individual, including but not limited to any officer, director, employee or shareholder of the Maker, be obligated personally for any
obligations or liabilities of the Maker hereunder.

 

2. Interest. No
interest shall accrue on the unpaid principal balance of this Note.

 

3. Drawdown Requests. Maker
and Payee agree that Maker may request up to Three Hundred Thousand Dollars ($300,000) for costs reasonably related to Maker’s initial
public offering of its securities. The principal of this Note may be drawn down from time to time prior to the earlier of: (i) August
31, 2023 or (ii) the date on which Maker consummates an initial public offering of its securities, upon written request from Maker to
Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount to be drawn down, and must not be an
amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee. Payee shall fund each Drawdown Request no later
than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively
under this Note is Three Hundred Thousand Dollars ($300,000). Once an amount is drawn down under this Note, it shall not be available
for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result
of, any Drawdown Request by Maker. Notwithstanding the foregoing, all payments shall be applied first to payment in full of any costs
incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorneys’ fees, and then to
the reduction of the unpaid principal balance of this Note.

 

4. Application
of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under
this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges and finally
to the reduction of the unpaid principal balance of this Note.

 

5. Events of
Default. The following shall constitute an event of default (“Event of Default”):

 

(a) Failure
to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of
the date specified above.

 

(b) Voluntary
Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation
or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian,
sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for
the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action
by Maker in furtherance of any of the foregoing.

 

(c) Involuntary
Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an
involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation
of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

 

     

     

    

 

6. Remedies.

 

(a) Upon
the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be
due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become
immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived,
anything contained herein or in the documents evidencing the same to the contrary notwithstanding. 

 

(b) Upon
the occurrence of an Event of Default specified in Sections 5(b) and 5(c), the unpaid principal balance of this Note, and all other sums
payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part
of Payee.

 

7. Waivers. Maker
and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and
notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms
of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or personal,
or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for
any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate that may
be levied upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued hereon, may be sold upon any such writ
in whole or in part in any order desired by Payee.

 

8. Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party,
and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to
by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect
to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties
hereto without notice to Maker or affecting Maker’s liability hereunder.

 

9. Notices. All
notices, statements or other documents which are required or contemplated by this Note shall be made in writing and delivered: (i) personally
or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address
designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may
be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such party
or such other electronic mail address as may be designated in writing by such party. Any notice or other communication so transmitted
shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation,
if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days
after mailing if sent by mail.

 

10. Construction. THIS
NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF DELAWARE, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

11. Severability. Any
provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

12. Trust Waiver.  Notwithstanding
anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”)
in or to any distribution of or from the trust account to be established in which the proceeds of the initial public offering (the “IPO”)
to be conducted by the Maker (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants
to be issued in a private placement to occur prior to the closing of the IPO are to be deposited, as described in greater detail in the
registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees
not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever.

 

13. Amendment;
Waiver.  Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of
the Maker and the Payee.

 

14. Assignment.
No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or
otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required consent shall
be void.

 

[Signature page follows]

 

     

     

    

 

IN WITNESS WHEREOF,
Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first
above written.

 

	 	ABRI SPAC 2, INC.
	 	 	 
	 	By:	/s/ Jeffrey Tirman
	 	 	Name: Jeffrey Tirman
	 	 	Title: Chief Executive Officer

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