Document:

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                                                                     Exhibit 4.5

                                     [Date]

Ryan Beck & Co., Inc.
BB&T Capital Markets
    As Representatives of the
    Several Underwriters
c/o Ryan, Beck & Co., LLC
380 Madison Avenue
New York, New York 10017

Ladies and Gentlemen:

         Reference is made to that certain proposed Underwriting Agreement (the
"Underwriting Agreement") among Bakers Footwear Group, Inc., a Missouri
corporation (the "Company"), Ryan Beck & Co., Inc. ("Ryan Beck") and BB&T
Capital Markets, a Division of Scott & Stringfellow, Inc., as representatives of
the several Underwriters named in Schedule A thereto, relating to a proposed
firm commitment underwritten public offering of shares of the Company's Common
Stock (the "Offering"). Capitalized terms used herein and not otherwise defined
shall have the meanings ascribed to them in the Underwriting Agreement.

         In order to induce the Underwriters to enter into the Underwriting
Agreement and to consummate the transactions contemplated therein, and for other
good and valuable consideration, receipt of which is hereby acknowledged, the
undersigned hereby agrees not to, without the prior written consent of Ryan Beck
& Co., Inc., during the Lock-Up Period (as defined below), directly or
indirectly offer, sell, contract to sell, sell any option or contract to
purchase, purchase any option or contract to sell, grant any option, right or
warrant for the sale of or otherwise dispose of or transfer (collectively, a
"Disposition") any shares of the Company's Common Stock or securities
convertible into or exchangeable for shares of the Company's Common Stock
(collectively, the "Company Securities"), or file any registration statement
with respect to any of the foregoing, or enter into any swap or other agreement
that transfers, in whole or in part, directly or indirectly, the economic
consequences of ownership of the Company Securities, whether any such swap or
transaction is to be settled by delivery of Company Securities, in cash or
otherwise, except that the undersigned may (i) transfer Company Securities as a
bona fide gift or gifts, provided that the donee or donees thereof agree(s) to
be bound by the restrictions set forth herein, (ii) transfer Company Securities
to the undersigned's Family Group ("Family Group" means an individual's spouse,
ex-spouse, lineal descendants, father, mother, brother, sister or domestic
partner, whether by law or otherwise, or any grandparent, mother- inlaw, father-
in-law, daughter- in- law, brother- in- law, stepchild, grandchild, step-
grandchild, uncle, niece or nephew, including adoptive relationships, and any
family limited partnership, limited liability company or trust or other
fiduciary relationship solely for the benefit of such individual and/or any of
the foregoing), (iii) transfer Company Securities by will or the laws of descent
and distribution upon the death of the undersigned to his/her executors or
administrators or legal successors, including without limitation trustee(s), or
pursuant to a divorce decree or (iv) exercise options to purchase the Company's
Common Stock, which options have been issued

<PAGE>

before the consummation of the Offering or otherwise as described in the
prospectus in the form first used to confirm sales in connection with the
Offering.

         For purposes hereof, the "Lock-Up Period" shall mean the period
commencing on the date hereof and ending on the date that is three hundred
sixty-five (365) days following the date of the prospectus in the form first
used to confirm sales in connection with the Offering.

         The foregoing restriction has been expressly agreed to preclude the
undersigned holder of the Company Securities from engaging in any hedging or
other transaction which is designed to or reasonably expected to lead to or
result in a Disposition of Company Securities during the Lock-Up Period, even if
such Company Securities would be disposed of by someone other than such holder.
Such prohibited hedging or other transactions would include, without limitation,
any short sale (whether or not against the box) or any purchase, sale or grant
of any right (including, without limitation, any put or call option) with
respect to any Company Securities or with respect to any security (other than a
broad-based market basket or index) that included, relates to or derives any
significant part of its value from the Company Securities.

         Furthermore, the undersigned hereby agrees and consents to the entry of
stop transfer instructions with the Company's transfer agent against the
transfer of the Company Securities in violation of this agreement.

         In addition, the undersigned hereby agrees that for a period of twelve
(12) months from the date of the final prospectus in the form used to confirm
sales in connection with the Offering, Ryan Beck shall have a right of first
refusal to purchase for its account or to sell for the account of the
undersigned, within seven (7) business days, any Company Securities sold by the
undersigned pursuant to Rule 144 under the Securities Act of 1933, as amended.
The undersigned hereby agrees to consult (at no cost to the undersigned or the
Company) with Ryan Beck with regard to any such sales and will offer Ryan Beck
the exclusive opportunity to purchase or sell such securities on terms
(including without limitation the price, commissions, mark-ups or other charges
or expenses, and the terms of execution) that are at least as favorable to the
undersigned as can be secured elsewhere. If Ryan Beck fails to accept in writing
any such offer within three (3) business days after receipt of a notice
containing such proposal, then Ryan Beck shall have no claim or right with
respect to any such sales contained in the notice. If, thereafter, such proposal
is modified in any material respect in a manner that is not adverse to the
undersigned, the undersigned shall adopt the same procedure as with respect to
the original proposal.

----------------------------
[Name]

<PAGE>

[The lock-up agreement was executed prior to the initial public offering by all
the then existing shareholders, directors and officers of the Company on
December 19, 2003, including the following individuals:

1.       Peter A. Edison

2.       Bernard A. Edison Revocable Trust
         Dated 6/18/91

3.       Bernard A. Edison, Co-Trustee
         Beatrice C. Edison Irrevocable Trust F/B/O Bernard A. Edison

4.       Robin Haar, Co-Trustee
         Beatrice C. Edison Irrevocable Trust F/B/O Bernard A. Edison

5.       Beatrice C. Edison Trust F/B/O
         Bernard A. Edison

6.       Susan H. Edison

7.       David A. Edison
         Trustee of David A. Edison Revocable Trust

8.       Bernard A. Edison
         Trustee of David A. Edison Revocable Trust

9.       Julian Edison

10.      Marilyn Sue Edison

11.      Joseph Russell

12.      Michele Bergerac
         Trustee of Michele A. Bergerac Revocable Trust

13.      Mark Jenkins

14.      Andrew N. Baur Trust

15.      Stanley K. Tusman, Joint Trustee
         The Stanley K. Tusman and Gail F. Tusman Declaration of Trust Dated
         December 1, 1999

16.      Gail F. Tusman, Joint Trustee
         The Stanley K. Tusman and Gail F. Tusman Declaration of Trust Dated
         December 1. 1999

17.      Mark H. Brown

18.      Elizabeth Brown

19.      Joseph R. Vander Pluym

20.      Janice K. Vander Pluym

21.      Mark D. Ianni

22.      Kathy M. Ianni

<PAGE>

23.      Lawrence Spanley

24.      Linda K. Spanley

25.      Sanford W. Weiss, Voting Trustee of the Class B Shareholder Voting
         Trust Agreement

26.      Sanford W. Weiss, as Trustee U/I
         Sanford W. Weiss

27.      Sanford W. Weiss, as Trustee of
         Richard S. Weiss Marital Trust

28.      Sanford W. Weiss, as Trustee U/I/T of Charles H. Weiss

29.      Ellen Weiss

30.      Rochelle Weiss

31.      Stephen Weiss

32.      David Weiss

33.      Michael Weiss

34.      Alyson Weiss

35.      Jennifer Weiss

36.      Colby Oliver

The lock-up agreement was executed by all newly appointed outside directors on
March 9, 2004, including the following individuals:

1.       Scott C. Schnuck
2.       Harry E. Rich
3.       Timothy F. Finley.

Copies of each executed lock-up agreement have been omitted. The Company
undertakes to furnish supplementally a copy of each such lock-up agreement upon
request.]<PAGE>
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                                                                   EXHIBIT 4.6

                              FORM OF COMMON STOCK CERTIFICATE

<Table>
<S>                               <C>                                                                             <C>

         NUMBER                                                                                                        SHARES
         BF

                                                 (BAKERS FOOTWEAR GROUP, INC. LOGO)

                                                    BAKERS FOOTWEAR GROUP, INC.

                                        INCORPORATED UNDER THE LAWS OF THE STATE OF MISSOURI                       SEE REVERSE FOR
                                                                                                                 CERTAIN DEFINITIONS

                                                            COMMON STOCK                                    CUSIP   057465  10  6

THIS CERTIFIES THAT:

IS THE OWNER OF

                   FULLY-PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF $.0001 PAR VALUE EACH OF

                                                    BAKERS FOOTWEAR GROUP, INC.

transferable on the books of the Corporation in person or by attorney upon surrender of this certificate duly endorsed or assigned.
This certificate and the shares represented hereby are subject to the laws of the State of Missouri, and to the Articles of
Incorporation and Bylaws of the Corporation as now or hereafter amended. This certificate is not valid until countersigned by the
Transfer Agent.

        WITNESS the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers.

                                                                      COUNTERSIGNED:
DATED:                                                                               CONTINENTAL STOCK TRANSFER & TRUST COMPANY
                                                                                                                JERSEY CITY, NJ
                                                                                                   TRANSFER AGENT AND REGISTRAR

                                         (BAKERS FOOTWEAR GROUP, INC. SEAL 2001)

                                                                      BY:
                                                                                                             AUTHORIZED OFFICER

                /s/ LAWRENCE L SPANLEY JR.                                            /s/ PETER A. EDISON
        VICE PRESIDENT FINANCE-SECRETARY/TREASURER                           CHAIRMAN AND CHIEF EXECUTIVE OFFICER
</Table>
<PAGE>
         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:

<Table>
<Caption>
<S>                                                     <C>
         TEN COM -- as tenants in common                UNIF GIFT MIN ACT -- _____________ Custodian _____________
         TEN ENT -- as tenants by the entireties                                   (Cust)                  (Minor)
         JT TEN  -- as joint tenants with right of                                   under Uniform Gifts to Minors
                    survivorship and not as tenants
                    in common                                                                    Act _____________
                                                                                                           (State)
</Table>

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

    For Value Received, _____________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
   IDENTIFYING NUMBER OF ASSIGNEE
[                                    ]

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

________________________________________________________________________________

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

Dated ___________________

                        ________________________________________________________
                        NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND
                        WITH THE NAME WRITTEN UPON THE FACE OF THE CERTIFICATE
                        IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT
                        OR ANY CHANGE WHATSOEVER.

THE SIGNATURE TO THE ASSIGNMENT MUST CORRESPOND TO THE NAME AS WRITTEN UPON THE
FACE OF THIS CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT
OR ANY CHANGE WHATSOEVER. AND MUST BE GUARANTEED BY A COMMERCIAL BANK OR TRUST
COMPANY OR A MEMBER FIRM OF A NATIONAL OR REGIONAL OR OTHER RECOGNIZED STOCK
EXCHANGE IN CONFORMANCE WITH A SIGNATURE GUARANTEE MEDALLION PROGRAM.
________________________________________________________________________________

STOCK MARKET INFORMATION                        COLUMBIA FINANCIAL PRINTING CO.,
www.stockinformation.com                        P.O. BOX 219, BETHPAGE, NY 11714

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