Document:

Exhibit 10.1

 

FORM OF

NON-QUALIFIED STOCK OPTION AGREEMENT

 

This Non-Qualified
Stock Option Agreement (this “Agreement”) is made this ____ day of _____________, 2020, between CuriosityStream
Inc., a Delaware corporation (formerly Software Acquisition Group Inc, the “Company”), and ______________
(the “Optionee”).

 

[PREMIUM PRICED
STOCK OPTIONS: WHEREAS, on October 14, 2020, the Company a merger pursuant to that certain Agreement and Plan of Merger, dated
August 10, 2020, by and among the Company, CS Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company,
CuriosityStream Operating Inc., a Delaware corporation and Hendricks Factual Media LLC, a Delaware limited liability company;

 

WHEREAS, simultaneously
with the Company’s initial public offering on November 22, 2019, the Company sold to Software Acquisition Holdings LLC, a
Delaware limited liability company (the “Sponsor”), an aggregate of 4,740,000 warrants to purchase shares
of Class A common stock at a price of $11.50 per share, subject to certain adjustments;

 

WHEREAS, in
connection with the merger, 711,000 of the warrants held by the Sponsor were forfeited and, in connection with such forfeiture,
certain employees of the Company, as determined by the Compensation Committee, received fully vested stock options;]

 

WHEREAS, each
stock option granted hereunder shall be subject to the terms and conditions of the Company’s 2020 Omnibus Incentive Plan
(the “Plan”);

 

WHEREAS, the
Company desires to grant to the Optionee the stock options as provided herein; and

 

WHEREAS, the
Company and the Optionee understand and agree that any capitalized terms used herein, if not otherwise defined, shall have the
same meanings as in the Plan (the Optionee being referred to in the Plan as a “Participant”).

 

NOW, THEREFORE,
in consideration of the forgoing and following mutual covenants and for other good and valuable consideration, the parties agree
as follows:

 

1. Grant of Option.
The Company grants to the Optionee the right and option to purchase all or any part of an aggregate of __________ Shares (the “Option”)
on the terms and conditions and subject to all the limitations set forth herein and in the Plan, which is incorporated herein by
reference. The Optionee acknowledges receipt of a copy of the Plan and acknowledges that the definitive records pertaining to the
grant of this Option, and exercises of rights hereunder, shall be retained by the Company. The Option granted herein is intended
to be a Nonstatutory Option as defined in the Plan.

 

2. Exercise Price.
The purchase price of the Shares subject to the Option shall be $______ per Share (the “Exercise Price”).

 

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3. Vesting.
[PREMIUM PRICED STOCK OPTIONS: The Option is fully vested as of the date hereof, and may be exercised at any time and from
time to time on or after November 22, 2020 and prior to the 5th anniversary of the date hereof, or such earlier time as is provided
in the Plan. Options may only be exercised with respect to whole Shares.][CEO STOCK OPTIONS: To the extent not previously
forfeited and except as set forth in the Plan, the Option shall become vested as follows: ___________ if the Grantee is continuously
employed by the Company through the applicable vesting date. Except as provided in in the Plan, in the event the Grantee’s
employment terminates prior to the applicable vesting date, the Option that would have vested on such date shall be forfeited by
the Grantee. Notwithstanding the forgoing, if the Optionee is terminated without Cause, or resigns for Good Reason (in each case
as defined in Section 5 of the employment agreement (the “Employment Agreement”), dated August 7, 2020,
between the Optionee and CuriosityStream Operating Inc., a Delaware corporation (formerly named CuriosityStream Inc.), or dies
or becomes disabled (as described in Section 5(a)(ii) of the Employment Agreement), all unvested Options shall become vested as
of the date of termination. Once vested, the Option may be exercised at any time and from time to time prior to the 10th anniversary
of the date hereof, or such earlier time as is provided in the Plan. Options may only be exercised with respect to whole Shares.]

 

4. Manner of
Exercise. Subject to such reasonable administrative regulations as the Administrator may adopt from time to time, the exercise
of the Option by the Optionee shall be pursuant to procedures set forth in the Plan or established by the Administrator from time
to time and shall include the Optionee specifying the proposed date on which the Optionee desires to exercise the Option (the “Exercise
Date”), the number of whole Shares with respect to which the Option is being exercised (the “Exercise
Shares”) and the aggregate Exercise Price for such Exercise Shares or such other or different requirements as may
be imposed by the Company. Unless otherwise determined by the Administrator, and subject to such other terms, representations and
warranties as the Administrator may deem appropriate, (i) on or before the Exercise Date, the Optionee shall deliver to the Company
full payment for the Exercise Shares in United States dollars in cash, or cash equivalents satisfactory to the Company, in an amount
equal to the aggregate Exercise Price plus, if required by the Administrator, any required withholding taxes or other similar taxes,
charges or fees (including, if available, pursuant to a broker-assisted cashless exercise program established by the Company whereby
the Optionee may exercise the Option by an exercise-and-sell procedure in which the Exercise Price (together with any required
withholding taxes or other similar taxes, charges or fees) is obtained from the sale of shares in the public market) and (ii) the
Company shall register the issuance of the Exercise Shares on its records (or direct such issuance to be registered by the Company’s
transfer agent). The Company may require the Optionee to furnish or execute such other documents as the Company shall reasonably
deem necessary (i) to evidence such exercise or (ii) to comply with or satisfy the requirements of the Securities Act, applicable
state or non-U.S. securities laws or any other law.

 

5. Non-Assignability.
The Option shall not be transferable by the Optionee and shall be exercisable only by the Optionee, except as the Plan or this
Agreement may otherwise provide.

 

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6. Notices.
Any notices required or permitted by the terms of this Agreement or the Plan shall be given by registered or certified mail, return
receipt requested, addressed as follows:

 

	 	To the Company:	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	Attention:	 
	 	 	 	 	 
	 	To the Optionee:	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

or to such other address or addresses
of which notice in the same manner has previously been given. Any such notice shall be deemed to have been given when mailed in
accordance with the foregoing provisions.

 

7. Governing
Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware.

 

8. Waiver of
Jury Trial. Each of the parties hereto hereby irrevocably waives any and all right to trial by jury of any claim or cause
of action in any legal proceeding arising out of or related to this Agreement or the transactions or events contemplated hereby
or any course of conduct, course of dealing, statements (whether verbal or written) or actions of any party hereto. The parties
hereto each agree that any and all such claims and causes of action shall be tried by a court trial without a jury. Each of the
parties hereto further waives any right to seek to consolidate any such legal proceeding in which a jury trial has been waived
with any other legal proceeding in which a jury trial cannot or has not been waived.

 

9. Binding Effect.
This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

 

10. Authorization
To Share Personal Data. The Optionee authorizes any the Company and any Affiliate of the Company that employs the Optionee
or that otherwise has or lawfully obtains personal data relating to the Optionee to divulge or transfer such personal data to the
Company or to a third party, in each case in any jurisdiction, if and to the extent appropriate in connection with this Agreement
or the administration of the Plan.

 

11. No Rights
as Stockholder; No Voting Rights. The Optionee shall have no rights as a stockholder of the Company with respect to any
Shares covered by the New Option until the exercise of the New Option and delivery of the Exercise Shares.

 

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12. Recoupment.
The Options (and gains earned or accrued in connection with the Options) shall be subject to such generally applicable policies
as to forfeiture and recoupment (including, without limitation, upon the occurrence of material financial or accounting errors,
financial or other misconduct or Competitive Activity) as may be adopted by the Administrator or the Board (or committee thereof)
from time to time. Any such policies may (in the discretion of the Administrator or the Board) be applied to the Options at the
time of adoption of such policies, or on a prospective basis only. The Optionee shall also forfeit and disgorge to the Company
the Options and any gains earned or accrued due to the exercise of the Options or the sale of any Company Common Stock to the extent
required by applicable law or as required by any stock exchange or quotation system on which the Company Common Stock is listed
or quoted, in each case in effect on or after the Effective Date, including but not limited to Section 304 of the Sarbanes-Oxley
Act of 2002 and Section 10D of the Exchange Act. The implementation of policies and procedures pursuant to this Section 12 and
any modification of the same shall not be subject to any restrictions on amendment or modification of Awards.

 

13. No Right
to Continued Employment. Nothing in this Agreement shall be deemed to confer on the Optionee any right to continue in the
employ of the Company or any Subsidiary, or to interfere with or limit in any way the right of the Company or any Subsidiary to
terminate such employment at any time.

 

14. Waiver; Amendment.
Any party hereto or beneficiary hereof may by written notice to the other parties (A) extend the time for the performance of any
of the obligations or other actions of the other parties under this Agreement, (B) waive compliance with any of the conditions
or covenants of the other parties contained in this Agreement and (C) waive or modify performance of any of the obligations of
the other parties under this Agreement. Except as provided in the preceding sentence, no action taken pursuant to this Agreement,
including, without limitation, any investigation by or on behalf of any party or beneficiary, shall be deemed to constitute a waiver
by the party or beneficiary taking such action of compliance with any representations, warranties, covenants or agreements contained
herein. The waiver by any party hereto or beneficiary hereof of a breach of any provision of this Agreement shall not operate or
be construed as a waiver of any preceding or succeeding breach and no failure by a party or beneficiary to exercise any right or
privilege hereunder shall be deemed a waiver of such party’s or beneficiary’s rights or privileges hereunder or shall
be deemed a waiver of such party’s or beneficiary’s rights to exercise the same at any subsequent time or times hereunder.
This Agreement may not be amended, modified or supplemented orally, but only by a written instrument executed by the Optionee and
the Company.

 

[remainder of this page intentionally
blank; signature page follows]

 

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IN WITNESS WHEREOF,
the Company and the Optionee have caused this Agreement to be executed on their behalf, by their duly authorized representatives,
all on the day and year first above written.

 

	CURIOSITYSTREAM INC.	 	OPTIONEE
	 	 	 
	By:	                 	 	 
	Its:	 	 	 

 

 

Page 5 of 5Exhibit 10.2

 

FORM OF

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

This Restricted Stock
Unit Award Agreement (this “Agreement”) is made this ____ day of _____________, 2020, between CuriosityStream
Inc., a Delaware corporation (formerly Software Acquisition Group Inc, the “Company”), and ______________
(the “Grant”).

 

WHEREAS, the
Company maintains the CuriosityStream Inc. 2020 Omnibus Incentive Plan (the “Plan”), pursuant to which
the Compensation Committee may grant, among other awards, Restricted Stock Units, which are subject to certain forfeiture provisions
and/or certain restrictions on transferability selected by the Committee pursuant to the terms of the Plan (capitalized terms used
in this Agreement without definition shall have the meanings ascribed to such terms in the Plan);

 

WHEREAS, the
Company desires to grant to the Grantee Restricted Stock Units as provided herein; and

 

NOW, THEREFORE,
in consideration of the forgoing and following mutual covenants and for other good and valuable consideration, the parties agree
as follows:

 

1. Grant of Restricted
Stock Units. The Company grants to the Grantee __________ Restricted Stock Units on the terms and conditions and subject
to all the limitations set forth herein and in the Plan, which is incorporated herein by reference. The Grantee acknowledges receipt
of a copy of the Plan and acknowledges that the definitive records pertaining to the grant of the Restricted Stock Units, and rights
hereunder, shall be retained by the Company.

 

2. Vesting.
To the extent not previously forfeited and except as set forth in the Plan, the Restricted Stock Units shall become vested as follows:
___________ if the Grantee is continuously employed by the Company through the applicable vesting date. Except as provided in in
the Plan, in the event the Grantee’s [employment] [service] terminates prior to the applicable vesting date, the Restricted
Stock Units that would have vested on such date shall be forfeited by the Grantee. [FOR CEO RESTRICTED STOCK UNITS: Notwithstanding
the forgoing, if the Grantee is terminated without Cause, or resigns for Good Reason (in each case as defined in Section 5 of the
employment agreement (the “Employment Agreement”), dated August 7, 2020, between the Grantee and CuriosityStream
Operating Inc., a Delaware corporation (formerly named CuriosityStream Inc.), or dies or becomes disabled (as described in Section
5(a)(ii) of the Employment Agreement), all unvested Restricted Stock Units shall become vested as of the date of termination.]

 

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3. Settlement.
Subject to Section 6, Section 8, and as otherwise provided in the Plan, the Company shall deliver to the Grantee one Share in settlement
of each Restricted Stock Unit that has vested as provided in Section 2 on the vesting date (or within 30 days thereafter) (the
“Settlement Date”), by either, (x) issuing one or more certificates evidencing the Share to the Grantee
or (y) registering the issuance of the Share in the name of the Participant through a book entry credit in the records of the Company’s
transfer agent. No fractional Shares shall be issued in settlement of Restricted Stock Units. Fractional Restricted Stock Units
shall be settled through a cash payment equal to the Fair Market Value of a Share on the settlement date. The issuance and transfer
of Shares in connection with the Restricted Stock Units shall be subject to compliance by the Company and Grantee with all applicable
requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Shares
may be listed. No Shares shall be issued or transferred unless and until any then applicable requirements of state and federal
laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel.

 

4. Non-Assignability.
The Restricted Stock Unit shall not be transferable by the Grantee, except as the Plan or this Agreement may otherwise provide.

 

5. No Shareholder
Rights. The Grantee shall not be, nor have any of the rights or privileges of, a stockholder in respect of Restricted Stock
Units awarded pursuant to the Plan unless and until the Shares attributable to such Restricted Stock Units have been issued to
the Grantee.

 

6. Withholding.
In addition to any rights or obligations with respect to the federal, state, local or foreign income taxes, withholding taxes or
employment taxes required to be withheld under applicable law, the Company or any Affiliate employing the Grantee shall have the
right to withhold from the Grantee, or otherwise require the Grantee or an assignee to pay, any such required withholding obligations
arising as a result of grant or vesting and settlement of the Restricted Stock Units or any other taxable event occurring pursuant
to this Agreement, including, without limitation, to the extent permitted by law, the right to deduct any such withholding obligations
from any payment of any kind otherwise due to the Grantee or to take such other actions (including, without limitation, withholding
any Shares or cash deliverable pursuant to the Plan or any Award) as may be necessary to satisfy such withholding obligations.

 

7. Notices.
Any notices required or permitted by the terms of this Agreement or the Plan shall be given by registered or certified mail, return
receipt requested, addressed as follows:

 

	 	To the Company:	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	Attention:	 
	 	 	 	 	 
	 	To the Grantee:	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

or to such other address or addresses of
which notice in the same manner has previously been given. Any such notice shall be deemed to have been given when mailed in accordance
with the foregoing provisions.

 

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8. Specified
Employee Delay. If the Grantee is deemed a “specified employee” within the meaning of Section 409A of the Code,
as determined by the Company, at a time when the Grantee becomes eligible for settlement of the Restricted Stock Units upon his
or her “separation from service” within the meaning of Section 409A of the Code, then to the extent necessary to prevent
any accelerated or additional tax under Section 409A of the Code, such settlement will be delayed until the earlier of: (a) the
date that is six months following the Grantee’s “separation from service” and (b) the Grantee’s death.

 

9. Governing
Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware.

 

10. Waiver of
Jury Trial. Each of the parties hereto hereby irrevocably waives any and all right to trial by jury of any claim or cause
of action in any legal proceeding arising out of or related to this Agreement or the transactions or events contemplated hereby
or any course of conduct, course of dealing, statements (whether verbal or written) or actions of any party hereto. The parties
hereto each agree that any and all such claims and causes of action shall be tried by a court trial without a jury. Each of the
parties hereto further waives any right to seek to consolidate any such legal proceeding in which a jury trial has been waived
with any other legal proceeding in which a jury trial cannot or has not been waived.

 

11. Binding Effect.
This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

 

12. Recoupment.
The Restricted Stock Units (and gains earned or accrued in connection with the Restricted Stock Units) shall be subject to such
generally applicable policies as to forfeiture and recoupment (including, without limitation, upon the occurrence of material financial
or accounting errors, financial or other misconduct or Competitive Activity) as may be adopted by the Administrator or the Board
(or committee thereof) from time to time. Any such policies may (in the discretion of the Administrator or the Board) be applied
to the Restricted Stock Units at the time of adoption of such policies, or on a prospective basis only. The Grantee shall also
forfeit and disgorge to the Company the Restricted Stock Units and any gains earned or accrued due to the sale of any Company Common
Stock to the extent required by applicable law or as required by any stock exchange or quotation system on which the Company Common
Stock is listed or quoted, in each case in effect on or after the Effective Date, including but not limited to Section 304 of the
Sarbanes-Oxley Act of 2002 and Section 10D of the Exchange Act. The implementation of policies and procedures pursuant to this
Section 12 and any modification of the same shall not be subject to any restrictions on amendment or modification of Awards.

 

13. Authorization
To Share Personal Data. The Grantee authorizes any the Company and any Affiliate of the Company that employs the Grantee
or that otherwise has or lawfully obtains personal data relating to the Grantee to divulge or transfer such personal data to the
Company or to a third party, in each case in any jurisdiction, if and to the extent appropriate in connection with this Agreement
or the administration of the Plan.

 

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14. No Right
to Continued Employment. Nothing in this Agreement shall be deemed to confer on the Grantee any right to continue in the
employ of the Company or any Subsidiary, or to interfere with or limit in any way the right of the Company or any Subsidiary to
terminate such employment at any time.

 

15. Waiver; Amendment.
Any party hereto or beneficiary hereof may by written notice to the other parties (A) extend the time for the performance of any
of the obligations or other actions of the other parties under this Agreement, (B) waive compliance with any of the conditions
or covenants of the other parties contained in this Agreement and (C) waive or modify performance of any of the obligations of
the other parties under this Agreement. Except as provided in the preceding sentence, no action taken pursuant to this Agreement,
including, without limitation, any investigation by or on behalf of any party or beneficiary, shall be deemed to constitute a waiver
by the party or beneficiary taking such action of compliance with any representations, warranties, covenants or agreements contained
herein. The waiver by any party hereto or beneficiary hereof of a breach of any provision of this Agreement shall not operate or
be construed as a waiver of any preceding or succeeding breach and no failure by a party or beneficiary to exercise any right or
privilege hereunder shall be deemed a waiver of such party’s or beneficiary’s rights or privileges hereunder or shall
be deemed a waiver of such party’s or beneficiary’s rights to exercise the same at any subsequent time or times hereunder.
This Agreement may not be amended, modified or supplemented orally, but only by a written instrument executed by the Grantee and
the Company.

 

[remainder of this page intentionally
blank; signature page follows]

 

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IN WITNESS WHEREOF,
the Company and the Grantee have caused this Agreement to be executed on their behalf, by their duly authorized representatives,
all on the day and year first above written.

 

	CURIOSITYSTREAM INC.	 	GRANTEE
	 	 	 
	By:	                              	 	 
	Its:	 	 	 

 

 

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