Document:

Exhibit 4.2

    

  

  
  
  

  

  
    SPECIMEN CLASS A COMMON STOCK CERTIFICATE

     

    

    	
            NUMBER

          	
            SHARES

          

    

    

    SOFTWARE ACQUISITION GROUP INC. III

      INCORPORATED UNDER THE LAWS OF DELAWARE

      CLASS A COMMON STOCK

     

    

    SEE REVERSE FOR

      CERTAIN DEFINITIONS

    CUSIP 83407J 103

     

    

    This Certifies that                                               is the owner of

     

    

    FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF US$0.0001 EACH OF THE CLASS A COMMON STOCK OF SOFTWARE ACQUISITION GROUP INC.
      III (THE “COMPANY”)

     

    

    subject to the Company’s amended and restated certificate of incorporation, as the same may be amended from time to time, and
      transferable on the books of the Company in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

     

    

    The Company will be forced to redeem all of its shares of Class A common stock if it is unable to complete a business combination within
      the period set forth in the Company’s amended and restated certificate of incorporation as the same may be amended from time to time, all as more fully described in the Company’s final prospectus dated [●], 2021.

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

    Witness the seal of the Company and facsimile signatures of its duly authorized officers.

     

    

    	
            Dated:

          	
             

          	
             

          
	
             

          	 	
             

          

     

    	
            Secretary

          	
            [Corporate Seal]

             

            Delaware

          	
            Chief Financial Officer

          
	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          

    

    

    
      
        

    

    SOFTWARE ACQUISITION GROUP INC. III

     

    

    The Company will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating, optional or
      other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. This certificate and the shares represented thereby are issued and shall be held
      subject to all the provisions of the Company’s amended and restated certificate of incorporation, as the same may be amended from time to time, and resolutions of the Board of Directors providing for the issue of securities (copies of which may be
      obtained from the secretary of the Company), to all of which the holder of this certificate by acceptance hereof assents. 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

          	
             

          
	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          	
             

          	
             

          	
            (Cust)

          	
             

          	
            (Minor)

          
	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          
	
            TEN ENT

          	
            —

          	
            as tenants by the entireties

          	
             

          	
             

          	
            under Uniform Gifts to Minors Act

          
	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
            (State)

          	
             

          
	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          
	
            JT TEN

          	
            —

          	
            as joint tenants with right of survivorship and not as tenants in common

          	
             

          	
             

          	
             

          	
             

          	
             

          

    

    

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

    
      
        

    

    For value received,                                            hereby sells, assigns and transfers unto

     

    

    (PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER(S) OF ASSIGNEE(S))

     

    

    (PLEASE PRINT OR TYPEWRITE NAME(S) AND ADDRESS(ES), INCLUDING ZIP CODE, OF ASSIGNEE(S))

     

    

    Shares of the capital stock represented by the within Certificate, and does hereby irrevocably constitute and appoint
                                                  Attorney to transfer the said stock on the books of the within named Company with full power of substitution in the premises.

     

    

    	
            Dated:

          	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          	
            Shareholder

          
	
             

          	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          	
            NOTICE: THE SIGNATURE(S) 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:

          	
             

          
	
             

          	
             

          
	
            By

          	
             

          
	
             

          	
             

          
	
             

          	
             

          
	
             

          	
             

          
	
             

          	
             

          

     

    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 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 shares of Class A common stock sold in its initial public offering and
      liquidates because it does not consummate an initial business combination within the period of time set forth in the Company’s amended and restated certificate of incorporation, as the same may be amended from time to time, (ii) the Company redeems
      the shares of Class A common stock sold in its initial public offering in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation (A) that would modify the substance or timing of the Company’s
      obligation to provide holders of the Class A common stock the right to have their shares redeemed in connection with the Company’s initial business combination or to redeem 100% of the Class A common stock if the Company does not complete its initial
      business combination within the time period set forth therein or (B) with respect to any other provision relating to the rights of holders of the Class A common stock, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective
      shares of Class A common stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder 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 in or to the trust account.Exhibit 4.3

   

  [FACE]

   

  Number

   

  Warrants

   

  THIS WARRANT SHALL BE VOID IF NOT EXERCISED PRIOR TO

      THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR

      IN THE WARRANT AGREEMENT DESCRIBED BELOW

   

  Software Acquisition Group Inc. III

    Incorporated Under the Laws of the State of Delaware

   

  CUSIP [       ]

   

  Warrant Certificate

   

  This Warrant Certificate certifies that [               ], or registered assigns, is the registered holder of [               ] warrant(s) (the “Warrants”
    and each, a “Warrant”) to purchase shares of Class A common stock, $0.0001 par value (“Common Stock”), of Software Acquisition Group Inc. III, a Delaware corporation (the “Company”). Each Warrant entitles the
    holder, upon exercise during the period set forth in the Warrant Agreement referred to below, to receive from the Company that number of fully paid and nonassessable shares of Common Stock as set forth below, at the exercise price (the “Exercise
        Price”) as determined pursuant to the Warrant Agreement, payable in lawful money (or through “cashless exercise” as provided for in the Warrant Agreement) of the United States of America upon surrender of this Warrant
    Certificate and payment of the Exercise Price at the office or agency of the Warrant Agent referred to below, subject to the conditions set forth herein and in the Warrant Agreement. Defined terms used in this Warrant Certificate but not defined herein
    shall have the meanings given to them in the Warrant Agreement.

   

  Each whole Warrant is initially exercisable for one fully paid and non-assessable share of Common Stock. Fractional shares shall not be issued upon exercise of any
    Warrant. If, upon the exercise of Warrants, a holder would be entitled to receive a fractional interest in a share of Common Stock, the Company shall, upon exercise, round down to the nearest whole number the number of shares of Common Stock to be
    issued to the Warrant holder. The number of shares of Common Stock issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events as set forth in the Warrant Agreement.

   

  The initial Exercise Price per one share of Common Stock for any Warrant is equal to $11.50 per share. The Exercise Price is subject to adjustment upon the occurrence
    of certain events as set forth in the Warrant Agreement.

   

  Subject to the conditions set forth in the Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the extent not exercised by the end
    of such Exercise Period, such Warrants shall become void. The Warrants may be redeemed, subject to certain conditions, as set forth in the Warrant Agreement.

   

  Reference is hereby made to the further provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions shall for all purposes have
    the same effect as though fully set forth at this place.

   

  This Warrant Certificate shall not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement. This Warrant Certificate shall be
    governed by and construed in accordance with the internal laws of the State of New York. 

  

   

  
     

    
      
 

  

  
   

  	 	SOFTWARE ACQUISITION GROUP INC. III

   

  	 	By:	 
	 	Name:	Jonathan S. Huberman
	 	Title:	Chief Executive Officer and Chief Financial Officer

   

  	 	CONTINENTAL STOCK TRANSFER &
	 	TRUST COMPANY, as Warrant Agent
	 	 	 
	 	By:	                  
	 	Name:	 
	 	Title:	 

   

  
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  [Form of Warrant Certificate]

   

  [Reverse]

   

  The Warrants evidenced by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive [               ] shares
    of Common Stock and are issued or to be issued pursuant to a Warrant Agreement dated as of [●], 2021 (the “Warrant Agreement”), duly executed and delivered by the Company to Continental Stock Transfer & Trust Company, a New York
    corporation, as warrant agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument and is hereby referred to for a description of the rights, limitation of rights,
    obligations, duties and immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders” or “holder” meaning the Registered Holders or Registered Holder, respectively) of the Warrants. A copy of
    the Warrant Agreement may be obtained by the holder hereof upon written request to the Company. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

   

  Warrants may be exercised at any time during the Exercise Period set forth in the Warrant Agreement. The holder of Warrants evidenced by this Warrant Certificate may
    exercise them by surrendering this Warrant Certificate, with the form of Election to Purchase set forth hereon properly completed and executed, together with payment of the Exercise Price as specified in the Warrant Agreement (or through “cashless
      exercise” as provided for in the Warrant Agreement) at the principal corporate trust office of the Warrant Agent. In the event that upon any exercise of Warrants evidenced hereby the number of Warrants exercised shall be less than the total
    number of Warrants evidenced hereby, there shall be issued to the holder hereof or his, her or its assignee, a new Warrant Certificate evidencing the number of Warrants not exercised.

   

  Notwithstanding anything else in this Warrant Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration
    statement covering the issuance of the shares of Common Stock to be issued upon exercise is effective under the Securities Act and (ii) a prospectus thereunder relating to the shares of Common Stock is current, except through “cashless exercise”
    as provided for in the Warrant Agreement.

   

  The Warrant Agreement provides that upon the occurrence of certain events the number of shares of Common Stock issuable upon exercise of the Warrants set forth on the
    face hereof may, subject to certain conditions, be adjusted. If, upon exercise of a Warrant, the holder thereof would be entitled to receive a fractional interest in a share of Common Stock, the Company shall, upon exercise, round down to the nearest
    whole number of shares of Common Stock to be issued to the holder of the Warrant.

   

  Warrant Certificates, when surrendered at the principal corporate trust office of the Warrant Agent by the Registered Holder thereof in person or by legal
    representative or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates
    of like tenor evidencing in the aggregate a like number of Warrants.

   

  Upon due presentation for registration of transfer of this Warrant Certificate at the office of the Warrant Agent a new Warrant Certificate or Warrant Certificates of
    like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any tax or other
    governmental charge imposed in connection therewith.

   

  The Company and the Warrant Agent may deem and treat the Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation
    of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s) hereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the
    contrary. Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a stockholder of the Company.

   

  
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  Election to Purchase

   

  (To Be Executed Upon Exercise of Warrant)

   

  The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive [               ] shares of Common Stock and
    herewith tenders payment for such shares of Common Stock to the order of Software Acquisition Group Inc. III (the “Company”) in the amount of $[               ] in accordance with the terms hereof. The undersigned requests that a
    certificate for such shares of Common Stock be registered in the name of [               ], whose address is [               ] and that such shares of Common Stock be delivered to [               ] whose address is [               ]. If said
    [               ] number of shares of Common Stock is less than all of the shares of Common Stock purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares of Common Stock be
    registered in the name of [               ], whose address is [               ] and that such Warrant Certificate be delivered to [               ], whose address is [               ].

   

  In the event that the Warrant has been called for redemption by the Company pursuant to Section 6.2 of the Warrant Agreement and a holder thereof elects to
    exercise its Warrant pursuant to a Make-Whole Exercise, the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) or Section 6.2 of the Warrant Agreement, as
    applicable.

   

  In the event that the Warrant is a Private Placement Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of the Warrant
    Agreement, the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) of the Warrant Agreement.

   

  In the event that the Warrant is to be exercised on a “cashless” basis pursuant to Section 7.4 of the Warrant Agreement, the number of shares of Common Stock
    that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of the Warrant Agreement.

   

  In the event that the Warrant may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise (i) the number of shares of Common Stock that
    this Warrant is exercisable for would be determined in accordance with the relevant section of the Warrant Agreement which allows for such cashless exercise and (ii) the holder hereof shall complete the following: The undersigned hereby irrevocably
    elects to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement, to receive shares of Common Stock. If said number of shares is less than all of the shares of Common Stock
    purchasable hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares of Common Stock be registered in the name of [               ], whose
    address is [               ] and that such Warrant Certificate be delivered to [               ], whose address is [               ].

   

  [Signature Page Follows]

   

  
    4 

    
      
 

  

   

  Date: [            ], 2021

   

  

  	 	 
	 	(Signature)
	 	 
	 	(Address)
	 	 
	 	(Tax Identification Number)
	 	 
	 	Signature Guaranteed:
	 	 

   

  THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION THE SIGNATURE(S) SHOULD 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).

  

   

  
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  EXHIBIT B

  

  LEGEND

   

  THE SECURITIES REPRESENTED BY THIS CERTIFICATE 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 SOFTWARE ACQUISITION GROUP INC. III (THE “COMPANY”), SOFTWARE ACQUISITION HOLDINGS III LLC AND THE OTHER PARTIES THERETO, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR
    TO THE DATE THAT IS THIRTY (30) DAYS AFTER THE DATE UPON WHICH THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN SECTION 3 OF THE WARRANT AGREEMENT REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED IN SECTION 2 OF THE
    WARRANT AGREEMENT) WHO AGREES IN WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS.

   

  SECURITIES EVIDENCED BY THIS CERTIFICATE AND SHARES OF CLASS A COMMON STOCK OF THE COMPANY ISSUED UPON EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED TO REGISTRATION RIGHTS UNDER A
    REGISTRATION AND STOCKHOLDER RIGHTS AGREEMENT TO BE EXECUTED BY THE COMPANY.

  	 	 	 
	No.	 	Warrants

   

   

  6

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