SEC Contract Filing

Filing Date: 2020-11-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea129377ex10-1_curiosity.htm
<DESCRIPTION>FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><U>Exhibit 10.1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NON-QUALIFIED STOCK OPTION AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Non-Qualified
Stock Option Agreement (this &ldquo;<B><U>Agreement</U></B>&rdquo;) is made this ____ day of _____________, 2020, between CuriosityStream
Inc., a Delaware corporation (formerly Software Acquisition Group Inc, the &ldquo;<B><U>Company</U>&rdquo;</B>), and ______________
(the &ldquo;<B><U>Optionee</U>&rdquo;</B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>[PREMIUM PRICED
STOCK OPTIONS: WHEREAS</B>, 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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, simultaneously
with the Company&rsquo;s initial public offering on November 22, 2019, the Company sold to Software Acquisition Holdings LLC, a
Delaware limited liability company (the &ldquo;<B><U>Sponsor</U></B>&rdquo;), 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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, 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;]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, each
stock option granted hereunder shall be subject to the terms and conditions of the Company&rsquo;s 2020 Omnibus Incentive Plan
(the &ldquo;<B><U>Plan</U></B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Company desires to grant to the Optionee the stock options as provided herein; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, 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 &ldquo;Participant&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the forgoing and following mutual covenants and for other good and valuable consideration, the parties agree
as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1. <B><U>Grant of Option</U></B>.
The Company grants to the Optionee the right and option to purchase all or any part of an aggregate of __________ Shares (the &ldquo;<B><U>Option</U></B>&rdquo;)
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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2. <B><U>Exercise Price</U></B>.
The purchase price of the Shares subject to the Option shall be $______ per Share (the &ldquo;<B><U>Exercise Price</U></B>&rdquo;).</P>

<P STYLE="font: 10pt Times N