Nogin SPAC Presentation Deck

TRANSACTION SUMMARY ($and shares in millions) Pro Forma Enterprise Value of $646M based on 6.0x 2022E Pro Forma Revenue of $107M Existing Nogin equity holders will roll 96% of their equity into the post- combination company and will own approximately 67% of the post- combination company on a non-fully diluted basis (1) Cash Held in Trust (1) Issuance of SWAG III Equity Total Sources Source of Funds nogin Transaction Highlights Source: Nogin Financials. 1) 2) 3) $231 546 $777 Uses of Funds Cash to Balance Sheet (1) Rollover Equity Cash to existing Nogin equity holders Estimated Fees Total Uses $191 546 20 20 $777 Nogin Illustrative Share Price Pro Forma Shares Outstanding Cash Consideration Equity Value Net Debt (2) Pro Forma Valuation Total Enterprise Value TEV/CY'22E Revenue ($107M) TEV / CY'23E Revenue ($175M) 28% 5% At-Transaction Pro Forma Ownership % @ $10 / Share (³) 67% $10.00 54.6 20 $566 $24 $590 5.5x 3.4x Assumes no stockholder redemptions. Based on Nogin balance sheet as of February 9, 2022. Based on pro forma share count of 81.4 million shares which includes 54.6 million legacy Nogin shares, 22.8 million SWAG III public shares and 4.0 million SWAG III founder shares. Pro forma shares do not reflect impact from the SWAG III warrants, an additional 1.75 million SWAG III founder shares subjected to earnout or shares underlying equity awards that may be issued pursuant to an equity incentive plan to be adopted at closing and assumes no redemptions. Pro Forma $10.00 81.4 ΝΑ $814 ($168) $646 6.0x 3.7x Current Nogin Equity holders Public Stockholders SWAG III Sponsor O 2 28

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