SEC Contract Filing

Filing Date: 2023-08-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>tm2324185d1_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.4</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>SUBSCRIPTION
AGREEMENT</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">The Growth for Good Acquisition Corporation<BR>
12 E 49th Street, 11th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">New York, New York 10017</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As previously disclosed,
The Growth for Good Acquisition Corporation, a Cayman Islands exempted company (&ldquo;<U>G4G</U>&rdquo;), Zero Nox,&nbsp;Inc., a Wyoming
corporation (&ldquo;<U>Zero Nox</U>&rdquo;), and G4G Merger Sub Inc., a Delaware corporation (&ldquo;<U>Merger Sub</U>&rdquo;) and subsidiary
of G4G, entered into an Agreement and Plan of Merger, dated as of March&nbsp;7, 2023 (as may be amended, supplemented or otherwise modified
or waived from time to time, the &ldquo;<U>Transaction Agreement</U>&rdquo;) to consummate a business combination, pursuant to which,
among other things, (i)&nbsp;Merger Sub shall merge with and into Zero Nox (the &ldquo;<U>Merger</U>&rdquo;), with Zero Nox surviving
the Merger as a wholly owned subsidiary of G4G, (ii)&nbsp;G4G shall domesticate as a Delaware corporation (the &ldquo;<U>Domestication</U>&rdquo;),
and (iii)&nbsp;as a result of the Merger, G4G will change its name to &ldquo;Zero Nox Holdings,&nbsp;Inc.&rdquo; (&ldquo;<U>New Zero
Nox</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with the proposed
business combination (the &ldquo;<U>Transaction</U>&rdquo;), the undersigned (the &ldquo;Investor&rdquo;) has agreed to purchase shares
of common stock, par value $0.0001 per share (the &ldquo;<U>Shares</U>&rdquo;), of New Zero Nox for a purchase price of $[___] per share
(the &ldquo;<U>Per Share Purchase Price</U>&rdquo;). The aggregate purchase price to be paid by the Investor for the subscribed Shares
(as set forth on the signature page&nbsp;hereto) is referred to herein as the &ldquo;<U>Subscription Amount</U>.&rdquo; By executing
this agreement (this &ldquo;<U>Subscription Agreement</U>&rdquo;), the Investor is agreeing to purchase on the closing date of the Transaction
an aggregate amount of [___] Shares, at a per share price equal to the Per Share Purchase Price.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection therewith,
and in consideration of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, set forth
herein, and intending to be legally bound hereby, the Investor and G4G agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Subscription</U>.
Subject to the terms and conditions set forth in this Subscription Agreement, (i)&nbsp;the Investor hereby subscribes for and agrees
to purchase from G4G at the Closing (as defined herein), and (ii)&nbsp;G4G hereby irrevocably agrees to issue and sell to the Investor,
in each case, the number of Shares set forth on the signature page&nbsp;of this Subscription Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing</U>.
The closing of the sale of the Shares contemplated hereby (the &ldquo;<U>Closing</U>&rdquo;) is contingent upon the substantially concurrent
consummation of the Transaction, as provided in the Transaction Agreement. The Closing shall occur on the date of, and substantially
concurrently with and conditioned upon the effectiveness of the Transaction. Upon (i)&nbsp;satisfaction or waiver in writing of the conditions
set forth in this <U>Section&nbsp;2</U> and <U>Section&nbsp;3</U> and (ii)&nbsp;delivery of written notice from (or on behalf of) G4G
to the Investor (the &ldquo;<U>Closing Notice</U>&rdquo;) that G4G reasonably expects all conditions to the closing of the Transaction
to be satisfied or waived on a date that is not less than two (2)&nbsp;business days from the date on which the Closing Notice is delivered
to the Investor (the &ldquo;<U>Closing Date</U>&rdquo;), the Investor shall, no later than one (1)&nbsp;business day after receipt of
the Closing Notice, commence delivery to G4G of the Subscription Amount by wire transfer of United States dollars in immediately available
funds to the account(s)&nbsp;specified by G4G in the Closing Notice (which account shall be an escrow account established with Continental
Stock Transfer and Trust Company). On the Closing Date, G4G shall issue (A)&nbsp;the number of Shares set forth on the signature