SEC Contract Filing

Filing Date: 2021-09-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>6
<FILENAME>tm2127420d1_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 10.4</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: right"><FONT STYLE="text-transform: none"><B><I>Execution
Version</I></B></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This SUBSCRIPTION AGREEMENT
(this &#8220;<U>Subscription Agreement</U>&#8221;) is entered into this 13<SUP>th</SUP> day of September, 2021, by and between Motive
Capital Corp, a Cayman Islands exempted company (the &#8220;<U>Issuer</U>&#8221;), which shall be domesticated as a Delaware corporation
prior to the closing of the Transactions (as defined herein), and the undersigned (&#8220;<U>Subscriber</U>&#8221;).</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">WHEREAS, substantially concurrently
with the execution and delivery of this Subscription Agreement, the Issuer is entering into that certain Merger Agreement, dated as of
the date of this Subscription Agreement (as may be amended or supplemented from time to time, the &#8220;<U>Transaction Agreement</U>&#8221;),
among the Issuer, FGI Merger Sub, Inc., a Delaware corporation and a direct wholly-owned subsidiary of the Issuer (&#8220;<U>Merger Sub</U>&#8221;),
and Forge Global, Inc., a Delaware corporation (&#8220;<U>Forge</U>&#8221;), whereby, among other things, Merger Sub will merge with and
into Forge, with Forge continuing as the surviving entity and a wholly-owned subsidiary of the Issuer (the &#8220;<U>Merger</U>&#8221;),
on the terms and subject to the conditions set forth therein (the transactions contemplated by the Transaction Agreement, &#8220;<U>Transactions</U>&#8221;);</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">WHEREAS, prior to the closing
of the Transactions (and as more fully described in, and on the terms and subject to the conditions set forth in, the Transaction Agreement),
the Issuer will domesticate as a Delaware corporation in accordance with Section 388 of the General Corporation Law of the State of Delaware
and Part XII of the Cayman Islands Companies Law (2020 Revision) (the &#8220;<U>Domestication</U>&#8221;);</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">WHEREAS, in connection with
the Transactions, the Issuer is seeking commitments from interested investors to purchase, on the Closing Date following the Domestication
but immediately prior to the effective time of the Merger, the Issuer&#8217;s Class A ordinary shares, par value $0.0001 per share, as
such shares will exist as common stock following the Domestication (the &#8220;<U>Class A Shares</U>&#8221;);</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">WHEREAS, in connection with
the Transactions, on the terms and subject to the conditions set forth in this Subscription Agreement, Subscriber desires to subscribe
for and purchase from the Issuer the number of Class A Shares set forth on the signature page hereto (the &#8220;<U>Acquired Shares</U>&#8221;)
for a purchase price of $10.00 per Class A Share (the &#8220;<U>Share Purchase Price</U>&#8221; and the aggregate purchase price set forth
on the signature page hereto for the Acquired Shares, the &#8220;<U>Purchase Price</U>&#8221;), and the Issuer desires to issue and sell
to Subscriber the Acquired Shares in consideration of the payment of the Purchase Price by or on behalf of Subscriber to the Issuer at
the Closing (as defined herein); and</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">WHEREAS, in connection
with the Transactions, certain institutional &#8220;accredited investors&#8221; (as such term is defined in Rule 501 under the
Securities Act of 1933, as amended (the &#8220;<U>Securities Act</U>&#8221;)) or &#8220;qualified institutional buyers&#8221; (as
defined in Rule 144A promulgated under the Securities Act) other than the Subscriber (each, an &#8220;<U>Other
Subscriber</U>&#8221;), have entered into subscription agreements substantially similar to this Subscription Agreement with the
Issuer pursuant to which such Other Subscribers have agreed to subscribe for and purchase, and the Issuer has agreed to issue and
sell to such Other Subscribers, on the Closing Date (as defined herein), Class A Shares at the Share Purchase Price (the
 &#8220;<U>Other Subscription Agreements</U>&#8221;) with an aggregate purchase price of $68.5 million, inclusive of the Purchase
Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;