Document:

Exhibit 10.11

 

			[●], 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 30,000 units of the Company (“Private Units”) at $10.00 per Initial
Unit for an aggregate purchase price of $300,000 (the “Purchase Price”). The Private Units and underlying
private warrants (the “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 (the “Registration
Statement”).

 

On the date of the
closing of the IPO (the “Closing Date”), the Company shall issue and sell to the undersigned, and the
undersigned shall purchase from the Company, the Private Units for the 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 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.

  

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 further acknowledges and agrees that the Private Units and underlying securities will be deemed compensation by the Financial
Industry Regulatory Authority (“FINRA”) and will therefore, pursuant to Rule 5110(e)(1) of the FINRA Manual, be subject to
lock-up for a period of 180 days immediately following the date of effectiveness or commencement of sales in the IPO, subject to FINRA
Rule 5110(e)(2). Additionally, the Private Units and underlying securities may not be sold, transferred, assigned, pledged or hypothecated
during the foregoing 180 day period following the effective date of the Registration Statement except to any underwriter or selected dealer
participating in the IPO and the bona fide officers or partners of the undersigned and any such participating underwriter or selected
dealer. Additionally, the Private Units and underlying securities will not be the subject of any hedging, short sale, derivative, put
or call transaction that would result in the economic disposition of such securities by any person for a period of 180 days immediately
following the date of effectiveness or commencement of sales in the Public Offering. Additionally, the undersigned may not exercise demand
or piggyback rights with respect to the Private Units and underlying securities after five (5) and seven (7) years, respectively, from
the effective date of the Registration Statement and may not exercise demand rights on more than one occasion.

 

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 the 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;

 

		(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.”;

 

		(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 the Closing Date (i) conflict with or result in a breach by the
undersigned of the terms, conditions or provisions of, (ii) constitute a default under, (iii) result in the creation of any
lien, security interest, charge or encumbrance upon the undersigned’s equity or assets under, (iv) result in a
violation of, or (v) 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 the 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]

 

     

     

    

 

	 	Very truly yours,  
	 	 
	 	EARLYBIRDCAPITAL, INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:  

 

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

 

[Signature Page to Subscription Agreement for Private Units]Exhibit 4.1

 

	 	NUMBER UNITS

U-
	SEE REVERSE FOR CERTAIN

DEFINITIONS	CUSIP 

 

RMG
ACQUISITION CORP. III

 

UNITS CONSISTING OF ONE CLASS A ORDINARY
SHARE AND ONE-FIFTH OF ONE

 REDEEMABLE WARRANT, EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE

 ONE CLASS A ORDINARY SHARE

 

	THIS CERTIFIES THAT	is the owner of	Units.

 

Each Unit
(“Unit”) consists of one (1) Class A Ordinary Share, par value $0.0001 per share
(“Class A Ordinary Shares”), of RMG Acquisition Corp. III, a Cayman Islands exempted company
(the “Company”), and one-fifth (1/5) of one redeemable warrant (the
 “Warrant”). Each whole Warrant entitles the holder to purchase one (1) Class A Ordinary Share
(subject to adjustment) for $11.50 per share (subject to adjustment). Only whole Warrants are exercisable. Each Warrant will
become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, amalgamation, share
exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses
(each a “Business Combination”), and (ii) twelve (12) months from the closing of the
Company’s initial public offering, and will expire, unless exercised before 5:00 p.m., New York City Time, on the date
that is five (5) years after the date on which the Company completes its initial Business Combination, or earlier upon
redemption or liquidation. The Class A Ordinary Shares and Warrants comprising the Units represented by this certificate
will begin separate trading on
                      ,
2021 unless BofA Securities, Inc. and Barclays Capital Inc. elect to allow separate trading earlier, subject to the
Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited
balance sheet reflecting the Company’s receipt of the gross proceeds of its initial public offering and issuing a press
release announcing when separate trading will begin. No fractional Warrants will be issued upon separation of the Units. The
terms of the Warrants are governed by a Warrant Agreement, dated as
of                   , 2021,
between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and
provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance
hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at One State Street, 30th Floor, New
York, New York 10004, and are available to any Warrant holder on written request and without cost.

  

Upon the consummation of the Business Combination,
the Units represented by this certificate will automatically separate into the Class A Ordinary Shares and Warrants comprising
such Units.

 

This certificate is not valid unless countersigned
by the Transfer Agent and registered by the Registrar of the Company.

 

This certificate shall be governed by and
construed in accordance with the laws of the State of New York.

 

Witness the facsimile signature of its duly
authorized officers.

 

	 	 	 
	[TITLE]  	 	[TITLE]  

 

     

     

    

 

RMG Acquisition Corp. III

 

The Company will furnish without charge
to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional
or other special rights of each class of shares or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights.

 

The following abbreviations, when used in
the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable
laws or regulations:

 

	TEN COM	—   as tenants in common	UNIF GIFT MIN ACT —	________Custodian

________
	 	 	 	 
	TEN ENT	—   as tenants by the entireties	 	(Cust)

(Minor)

under Uniform Gifts to 

Minors
	 	 	 	 
	JT TEN	—   as joint tenants with right of survivorship and not as tenants in common	 	Act       __________

(State)

 

Additional abbreviations may also be used though not in the
above list.

 

For value received, ______________ hereby sell, assign and
transfer unto ______________

 

	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	 
	 
	____ Units represented by the within Certificate, and does hereby irrevocably constitute and appoint
	____________________ Attorney to transfer the said Units on the register of members of the within named Company with full power of substitution in the premises.	 
	Dated:     _____________

 

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	 	Notice:  The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.
	 	 
	Signature(s) Guaranteed:
	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED) (OR ANY SUCCESSOR RULE). 	 

 

In each case, as more fully described in the Company’s
final prospectus dated               , 2021, the holder(s)
of this certificate shall be entitled to receive a pro rata portion of certain funds held in the trust account established in connection
with its initial public offering only in the event that (i) the Company redeems the Class A Ordinary Shares sold in its initial
public offering and liquidates because it does not consummate an initial business combination by                     ,
2023, or by such later date approved by the Company’s shareholders in accordance with the Company’s amended and restated
memorandum and articles of association, (ii) the Company redeems the Class A Ordinary Shares sold in its initial public offering
in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association
(A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s
initial business combination or to redeem 100% of the Class A Ordinary Shares if it does not complete its initial business combination
by                     , 2023,
or by such later date approved by the Company’s shareholders in accordance with the Company’s amended and restated
memorandum and articles of association, or (B) with respect to any other provision relating to the holder(s)’(s) rights or
pre-initial business combination activity, or (iii) if the holder(s) seek(s) to redeem for cash his, her, its or their respective
Class A Ordinary Shares in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder
approval of the proposed initial business combination) setting forth the details of a proposed initial business combination. In
no other circumstances shall the holder(s) have any right or interest of any kind to or in the trust account.

 

    3

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