Document:

Exhibit
10.5

 

SECURITIES
PURCHASE AGREEMENT

 

This
Securities Purchase Agreement (this “Agreement”), effective as of November 8, 2018, is made and entered into
by and between Roaring Fork Acquisition Corp., a Delaware corporation (the “Company”), and Roaring Fork Sponsor
LLC, a Delaware limited liability company (the “Buyer”).

 

RECITALS:

 

WHEREAS,
the Buyer wishes to purchase from the Company an aggregate of 2,875,000 shares (the “Shares”) of
the Company’s Class B Common Stock (as defined below), up to 375,000 of which are subject to forfeiture by the Buyer if
the underwriters of the Company’s initial public offering (the “IPO”) of units of the Company do not
fully exercise their over-allotment option (the “Over-allotment Option”).

 

WHEREAS,
the Company wishes to sell the Shares to the Buyer, on the terms and subject to the conditions set forth in this Agreement.

 

AGREEMENT:

 

NOW,
THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained in this
Agreement, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged,
the parties hereto agree as follows:

 

ARTICLE
I

DEFINITIONS

 

The
terms defined in this Article I shall have for all purposes of this Agreement the respective meanings set forth below:

 

“Agreement”
shall have the meaning set forth in the preamble to this Agreement. 

 

“Buyer”
shall have the meaning set forth in the preamble to this Agreement.

 

“Class
A Common Stock” shall mean the Class A Common Stock, $0.0001 par value per share, of the Company.

 

“Class
B Common Stock” shall mean the Class B Common Stock, $0.0001 par value per share, of the Company. Pursuant to
the Company’s certificate of incorporation, as amended to the date hereof, shares of Class B Common Stock will automatically
convert into shares of Class A Common Stock on a one-for-one basis, subject to adjustment, upon the terms and conditions set forth
therein.

 

 

“Closing”
shall have the meaning set forth in Section 2.3 of this Agreement.

 

“Closing
Date” shall have the meaning set forth in Section 2.3 of this Agreement.

 

“Company”
shall have the meaning set forth in the preamble to this Agreement.

 

“Consent”
means any consent, approval, notification, waiver, or other similar action that is necessary or convenient.

 

    1

     

    

 

“Governmental
Body” shall mean any legislature, agency, bureau, branch, department, division, commission, court, tribunal or other
similar recognized organization or body of any federal, state, county, municipal, local or foreign government or other similar
recognized organization or body exercising similar powers or authority.

 

“Law”
shall mean any law (statutory, common or otherwise), constitution, ordinance, rule, regulation, executive order or
other similar authority enacted, adopted, promulgated or applied by any Governmental Body.

 

“Lien”
shall mean a mortgage, deed of trust, pledge, hypothecation, assignment, encumbrance, charge, restriction, lien (statutory
or otherwise, including, without limitation, any lien for taxes), security interest, preference, participation interest, priority
or security agreement or preferential arrangement of any kind or nature whatsoever, including, without limitation, any conditional
sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing
and the filing of any document under the law of any applicable jurisdiction to evidence any of the foregoing, other than (i) statutory,
mechanics’ or other Liens incurred in the Company’s ordinary course of business or (ii) Liens for taxes incurred but
not yet due.

 

“Order”
shall mean an order, ruling, decision, award, judgment, injunction or other similar determination or finding by, before
or under the supervision of any Governmental Body or arbitrator.

 

“Permit”
shall mean a permit, license, certificate, waiver, notice or similar authorization.

 

“Purchase
Price” shall have the meaning set forth in Section 2.2 of this Agreement.

 

“SEC”
shall mean the United States Securities and Exchange Commission.

 

“Securities
Act” shall mean the United States Securities Act of 1933, as amended, or any successor federal statute, and the
applicable rules and regulations promulgated and in effect from time to time thereunder.

 

“Shares”
shall have the meaning set forth in the recitals to this Agreement. Unless the context otherwise requires, as used
in this Agreement “Shares” shall be deemed to include any shares of Class A Common Stock issued upon conversion of
the shares of Class B Common Stock comprising the Shares.

 

ARTICLE
II

PURCHASE
OF THE SHARES

 

Section
2.1     Purchase and Sale of the Shares. Subject to the terms and conditions hereof and in reliance
upon the representations and warranties of the parties contained or incorporated by reference herein, simultaneous with the execution
hereof, the Company shall sell and deliver to the Buyer, and the Buyer shall purchase from the Company, the Shares, in consideration
of the payment of the Purchase Price noted herein.

 

Section
2.2     Purchase Price. As payment in full for the Shares being purchased under this Agreement
and against delivery of the certificates therefor, simultaneous with the execution hereof, the Buyer shall pay $25,000 to the
Company by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company
(the “Purchase Price”).

 

    2

     

    

 

Section
2.3      Closing. The closing of the purchase and sale of the Shares (the “Closing”)
shall be held on the date of this Agreement (“Closing Date”) at the offices of Kirkland & Ellis LLP,
601 Lexington Avenue, New York, NY 10022, or such other place as may be agreed upon by the parties hereto.

 

Section
2.4      Closing Deliveries. All actions taken at the Closing shall be deemed to have been
taken simultaneously.

 

(a)             
Buyer Deliveries. At the Closing the Buyer shall deliver to the Company the Purchase Price.

 

(b)            
Company Deliveries. At the Closing, the Company shall deliver to the Buyer evidence that appropriate notations reflecting
the ownership of the Shares by the Buyer has been made on the books and records of the Company.

 

Section
2.5      Further Assurances. The parties hereto shall execute and deliver such additional
documents and take such additional actions as any party reasonably may deem to be practical and necessary in order to consummate
the transactions contemplated by this Agreement.

 

Section
2.6      Legend. Each certificate or book-entry position evidencing the Shares and each certificate
or book-entry position issued in exchange for or upon the transfer of any Shares shall bear or shall be stamped or otherwise imprinted
with a legend in substantially the following form:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS.”

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER SET FORTH IN THE LETTER AGREEMENT
BY AND BETWEEN THE COMPANY AND THE SPONSOR. COPIES OF SUCH AGREEMENT MAY BE OBTAINED FROM THE COMPANY AT THE COMPANY’S PRINCIPAL
PLACE OF BUSINESS WITHOUT CHARGE.”

 

ARTICLE
III

REPRESENTATIONS
AND WARRANTIES OF THE BUYER

 

The
Buyer represents and warrants that the statements contained in this ARTICLE III are correct and complete as of the date
of this Agreement.

 

Section
3.1     Organization and Good Standing. The Buyer is a limited liability company duly organized, validly
existing, and in good standing under the laws of the state of Delaware.

 

Section
3.2       Power and Authority; Enforceability. This Agreement constitutes the legal,
valid, and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms. The Buyer has full entity
power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer has taken all actions
necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation
of the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by, and is enforceable
against, the Buyer.

 

    3

     

    

 

Section
3.3      Investment Representations.

 

(a)            
The Buyer is an “accredited investor” as defined in Rule 501 of Regulation D under the Securities Act.

 

(b)            
The Buyer has received, has thoroughly read, is familiar with and understands the contents of this Agreement.

 

(c)            
The Buyer hereby acknowledges that an investment in the Shares involves certain significant risks. The Buyer acknowledges
that there is a substantial risk that it will lose all or a portion of its investment and that it is financially capable of bearing
the risk of such investment for an indefinite period of time. The Buyer has no need for liquidity in its investment in the Shares
for the foreseeable future and is able to bear the risk of that investment for an indefinite period. The Buyer understands that
there presently is no public market for the Shares and none is anticipated to develop in the foreseeable future. The Buyer’s
present financial condition is such that the Buyer is under no present or contemplated future need to dispose of any portion of
the Shares subscribed for hereby to satisfy any existing or contemplated undertaking, need or indebtedness. The Buyer’s
overall commitment to investments which are not readily marketable is not disproportionate to its net worth and the investment
in the Company will not cause such overall commitment to become excessive.

 

(d)            
The Buyer acknowledges that the Shares have not been and will not be registered under the Securities Act, or any state
securities act, and are being sold on the basis of exemptions from registration under the Securities Act and applicable state
securities acts, except those state securities acts that require registration of the Shares thereunder. Reliance on such exemptions,
where applicable, is predicated in part on the accuracy of the Buyer’s representations and warranties set forth herein.
The Buyer acknowledges and hereby agrees that the Shares will not be transferable under any circumstances unless the Buyer either
registers the Shares in accordance with federal and state securities laws or finds and complies with an available exemption under
such laws. Accordingly, the Buyer hereby acknowledges that there can be no assurance that it will be able to liquidate its investment
in the Company.

 

(e)            
There are substantial risk factors pertaining to an investment in the Company. The Buyer acknowledges that it has read
the information set forth above regarding certain of such risks and is familiar with the nature and scope of all such risks, including,
without limitation, risks arising from the fact that the Company is an entity with limited operating history and financial resources;
and the Buyer is fully able to bear the economic risks of such investment for an indefinite period, and can afford a complete
loss thereof.

 

    4

     

    

 

(f)             
The Buyer has been given the opportunity to (i) ask questions of and receive answers from the Company and its designated
representatives concerning the terms and conditions of the offering, the Company and the business and financial condition of the
Company and (ii) obtain any additional information that the Company possesses or can acquire without unreasonable effort or expense
that is necessary to assist the Buyer in evaluating the advisability of the purchase of the Shares and an investment in the Company.
The Buyer further represents and warrants that, prior to signing this Agreement, it has asked such questions, received such answers
and obtained such information as it has deemed necessary or advisable to evaluate the merits and risks of the purchase of the
Shares and an investment in the Company. The Buyer is not relying on any oral representation made by any person as to the Company
or its operations, financial condition or prospects.

 

(g)       The
Buyer understands that no federal, state or other governmental authority has made any recommendation, findings or determination
relating to the merits of an investment in the Company.

 

ARTICLE
IV

REPRESENTATIONS
AND WARRANTIES OF THE COMPANY

 

Section 4.1    
Organization and Good Standing. The Company is a corporation duly organized, validly existing, and in good standing under
the laws of the State of Delaware.

 

Section
4.2     Power and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding
obligation of the Company, enforceable against the Company in accordance with its terms. The Company has full power and authority
to execute and deliver this Agreement and to perform its obligations hereunder. The Company has taken all actions necessary to
authorize the execution and delivery of this Agreement, the performance of its obligations hereunder, and the consummation of
the transactions contemplated hereby. This Agreement has been duly authorized, executed, and delivered by, and is enforceable
against, the Company.

 

Section
4.3     No Violation; Necessary Approvals. Neither the execution and delivery of this Agreement by
the Company, nor the consummation or performance by the Company of any of transactions contemplated hereby, will: (a) with or
without notice or lapse of time, constitute, create or result in a breach or violation of, default under, loss of benefit or right
under or acceleration of performance of any obligation required under any Law, Order, contract or Permit to which the Company
is a party or by which it is bound or any of its assets are subject, or any provision of the Company’s organizational documents
as in effect on the Closing Date, (b) result in the imposition of any lien, claim or encumbrance upon any assets owned by the
Company; (c) require any Consent under any contract or organizational document to which the Company is a party or by which it
is bound; or (d) require any Permit under any Law or Order other than (i) required filings, if any, with the SEC and (ii) notifications
or other filings with state or federal regulatory agencies after the Closing that are necessary or convenient and do not require
approval of the agency as a condition to the validity of the transactions contemplated hereunder; or (e) trigger any rights of
first refusal, preferential purchase or similar rights with respect to any of the Shares.

 

Section
4.4     Authorization of the Shares. The Shares have been duly authorized and, when issued in accordance
with this Agreement, the Shares will be duly and validly issued, fully paid and non-assessable shares of Class B Common Stock
and will be free and clear of all Liens and claims, other than restrictions on transfer imposed by the Securities Act and applicable
state securities laws.

 

    5

     

    

 

ARTICLE
V

FORFEITURE
OF SHARES

 

Section
5.1     Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option
granted to the representative(s) of the underwriters of the Company’s IPO is not exercised in full, the Buyer acknowledges
and agrees that it shall forfeit any and all rights to such number of Shares (up to an aggregate of 375,000 Shares and pro rata
based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Buyer (and
all other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares (not including common stock issuable
upon exercise of any warrants or any common stock purchased by the Buyer in the Company’s IPO or in the aftermarket) equal
to 20% of the issued and outstanding common stock of the Company immediately following the IPO.

 

Section
5.2     Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with
this ARTICLE V, then after such time the Buyer (or successor in interest), shall no longer have any rights as a holder
of such Shares, and the Company shall take such action as is appropriate to cancel such Shares.

ARTICLE
VI

WAIVER
OF LIQUIDATION DISTRIBUTIONS

 

Section
6.1     Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the
Buyer hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the
trust account which will be established for the benefit of the Company’s public stockholders and into which substantially
all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the
Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event
the Buyer purchases common stock in the IPO or in the aftermarket, any additional shares of common stock so purchased shall be
eligible to receive any liquidating distributions by the Company. However, in no event will the Buyer have the right to redeem
any common stock for funds held in the Trust Account upon the successful completion of an initial business combination.

 

ARTICLE
VII

MISCELLANEOUS

 

Section
7.1     Voting and Tender of Shares. The Buyer agrees to vote the Shares in favor of an initial business
combination that the Company negotiates and submits for approval to the Company’s stockholders. Additionally, the Buyer
agrees not to tender any Shares in connection with a tender offer presented to the Company’s stockholders in connection
with an initial business combination negotiated by the Company.

 

Section
7.2    Entire Agreement. This Agreement, together with the certificates, documents, instruments and
writings that are delivered pursuant hereto, constitutes the entire agreement and understanding of the parties hereto in respect
of its subject matter and supersedes all prior understandings, agreements, or representations by or among the parties hereto,
written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby.

 

    6

     

    

 

Section
7.3    Successors. All of the terms, agreements, covenants, representations, warranties, and conditions
of this Agreement are binding upon, and inure to the benefit of and are enforceable by, the parties hereto and their respective
successors.

 

Section
7.4     Assignments. Except as otherwise provided herein, no party hereto may assign either this Agreement
or any of its rights, interests, or obligations hereunder without the prior written approval of the other party. Any purported
assignment in violation of this Section 7.4 shall be void and ineffectual and shall not operate to transfer or assign any interest
or title to the purported assignee.

 

Section
7.5     Waiver of Jury Trial. THE PARTIES HERETO EACH HEREBY AGREE TO WAIVE THE RESPECTIVE RIGHTS TO
JURY TRIAL OF ANY DISPUTE BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OTHER AGREEMENTS RELATING HERETO OR ANY DEALINGS
AMONG THEM RELATING TO THE TRANSACTIONS. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL ACTIONS THAT
MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THE TRANSACTIONS, INCLUDING, CONTRACT CLAIMS, TORT CLAIMS,
BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THE PARTIES HERETO EACH ACKNOWLEDGE THAT THIS WAIVER IS
A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP AND THAT THEY WILL CONTINUE TO RELY ON THE WAIVER IN THEIR RELATED
FUTURE DEALINGS. EACH PARTY HERETO FURTHER REPRESENTS AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND
THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. NOTWITHSTANDING ANYTHING
TO THE CONTRARY HEREIN, THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED ORALLY OR IN WRITING, AND THE WAIVER WILL
APPLY TO ANY AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING
HERETO. IN THE EVENT OF AN ACTION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO TRIAL BY A COURT.

 

Section
7.6 Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original
but all of which together will constitute one and the same instrument.

 

Section
7.7 Headings. The article and section headings contained in this Agreement are inserted for convenience only and will not
affect in any way the meaning or interpretation of this Agreement.

 

Section
7.8 Governing Law. This Agreement, the entire relationship of the parties hereto, and any litigation between the parties
(whether grounded in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted
pursuant to the laws of the State of Delaware, without giving effect to its choice of laws principles.

 

    7

     

    

 

Section
7.9 Amendments. This Agreement may not be amended, modified or waived as to any particular provision, except by a written
instrument executed by the parties hereto.

 

Section
7.10 Severability. The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of
any provision will not affect the validity or enforceability of the other provisions hereof; provided that if any provision of
this Agreement, as applied to any party hereto or to any circumstance, is adjudged by a Governmental Body, arbitrator, or mediator
not to be enforceable in accordance with its terms, the parties hereto agree that the Governmental Body, arbitrator, or mediator
making such determination will have the power to modify the provision in a manner consistent with its objectives such that it
is enforceable, and/or to delete specific words or phrases, and in its reduced form, such provision will then be enforceable and
will be enforced.

 

Section
7.11 Expenses. Except as otherwise expressly provided in this Agreement, each party hereto will bear its own costs and
expenses incurred in connection with the preparation, execution and performance of this Agreement and the consummation of the
transactions contemplated hereby, including all fees and expenses of agents, representatives, financial advisors, legal counsel
and accountants.

 

Section
7.12 Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an
ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties
hereto and no presumption or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of
any provision of this Agreement. Any reference to any federal, state, local, or foreign Law will be deemed also to refer to Law
as amended and all rules and regulations promulgated thereunder, unless the context requires otherwise. The words “include,”
“includes,” and “including” will be deemed to be followed by “without limitation.” Pronouns
in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form will
be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,”
“herein,” “hereof,” “hereby,” “hereunder,” and words of similar import refer to
this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend that each
representation, warranty, and covenant contained herein will have independent significance. If any party hereto has breached any
representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty
or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has
not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty,
or covenant.

 

Section
7.13 Waiver. No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder,
whether intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty
or covenant hereunder or affect in any way any rights arising because of any prior or subsequent occurrence.

 

    8

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the date first set forth above.

 

	 	COMPANY:
	 	 
	 	ROARING FORK ACQUISITION CORP.
	 	 
	 	 
	 	By:	/s/ Tyson Taylor
	 	Name: 	Tyson Taylor
	 	Title:	Secretary 
	 	 
	 	BUYER:
	 	 
	 	ROARING FORK SPONSOR LLC
	 	 
	 	 
	 	By: 	/s/ Eric
    Scheyer
	 	Name:	Eric Scheyer
	 	Title:	Authorized SignatoryExhibit 10.6

 

PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT

 

THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT (as it may
from time to time be amended and including all exhibits referenced herein, this “Agreement”), dated as
of August [·], 2020, is entered into by and among Star Peak Energy Transition Corp., a Delaware corporation (the “Company”),
and Star Peak Sponsor LLC, a Delaware limited liability company (the “Purchaser”).

 

WHEREAS, the Company intends to consummate an initial public
offering of the Company’s units (the “Public Offering”), each unit consisting of one share of Class
A common stock of the Company, par value $0.0001 per share (each, a “Share”), and one-third of one warrant,
each whole warrant entitling the holder to purchase one Share at an exercise price of $11.50 per Share, as set forth in the Company’s
Registration Statement on Form S-1, filed with the U.S. Securities and Exchange Commission (the “SEC”),
File Number 333-240267 (the “Registration Statement”), under the Securities Act of 1933, as amended (the
“Securities Act”).

 

WHEREAS, the Purchaser has agreed to purchase an aggregate of
6,733,333 warrants (and up to 700,000 additional warrants if the underwriters in the Public Offering exercise their over-allotment
option in full) (the “Private Placement Warrants”), each Private Placement Warrant entitling the holder
to purchase one Share at an exercise price of $11.50 per Share, at a price of $1.50 per warrant, subject to adjustment.

 

NOW THEREFORE, in consideration of the mutual promises contained
in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties to this Agreement hereby, intending legally to be bound, agree as follows:

 

AGREEMENT 

 

Section 1. Authorization, Purchase and Sale; Terms of the
Private Placement Warrants. 

 

A. Authorization of the Private Placement Warrants. The
Company has duly authorized the issuance and sale of the Private Placement Warrants to the Purchaser.

 

B. Purchase and Sale of the Private Placement Warrants.

 

(i) On the date of the consummation of the Public Offering (the
“IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase
from the Company, 6,733,333 Private Placement Warrants at a price of $1.50 per warrant for an aggregate purchase price of $10,100,000
(the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately available
funds in the following amounts: (i) $3,100,000 to the Company, at a financial institution to be chosen by the Company, and (ii)
$7,000,000 to the trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee (the “Trust
Account”), in each case in accordance with the Company’s wiring instructions, at least one (1) business day
prior to the IPO Closing Date. On the IPO Closing Date, subject to the receipt of funds pursuant to the immediately prior sentence,
the Company, at its option, shall deliver a certificate evidencing the Private Placement Warrants purchased on such date duly registered
in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

 

(ii) On the date of the closing of the option to purchase
additional units, if any, in connection with the Public Offering or on such earlier time and date as may be mutually agreed
by the Purchaser and the Company (the “Option Closing Date”, and each Option Closing Date (if any)
and the IPO Closing Date, a “Closing Date”), the Company shall issue and sell to the Purchaser, and
the Purchaser shall purchase from the Company, up to 700,000 Private Placement Warrants (or, to the extent the option to
purchase additional units is not exercised in full, a lesser number of Private Placement Warrants in proportion to portion of
the option that is exercised) at a price of $1.50 per warrant for an aggregate purchase price of up to $1,050,000 (the
“ Option Purchase Price”). The Purchaser shall pay the Option Purchase Price in accordance with the
Company’s wire instruction by wire transfer of immediately available funds to the Trust Account, at least one (1)
business day prior to the Option Closing Date. On the Option Closing Date, subject to the receipt of funds pursuant to the
immediately prior sentence, the Company shall, at its option, deliver a certificate evidencing the Private Placement Warrants
purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry
form.

 

    

     

    

 

C. Terms of the Private Placement Warrants.

 

(i) Each Private Placement Warrant shall have the terms set
forth in a Warrant Agreement to be entered into by the Company and a warrant agent on the IPO Closing Date, in connection with
the Public Offering (the “Warrant Agreement”).

 

(ii) On the IPO Closing Date, the Company and the Purchaser
shall enter into a registration and stockholder rights agreement (the “Registration and Stockholder Rights Agreement”)
pursuant to which the Company will grant certain registration rights to the Purchaser relating to the Private Placement Warrants
and the Shares underlying the Private Placement Warrants.

 

Section 2. Representations and Warranties of the Company.
As a material inducement to the Purchaser to enter into this Agreement and purchase the Private Placement Warrants, the Company
hereby represents and warrants to the Purchaser (which representations and warranties shall survive each Closing Date) that:

 

A. Incorporation and Corporate Power. The Company is
a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware and is qualified
to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse
effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power
and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

 

B. Authorization; No Breach.

 

(i) The execution, delivery and performance of this Agreement
and the Private Placement Warrants have been duly authorized by the Company as of the Closing Date. This Agreement constitutes
the valid and binding obligation of the Company, enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights
and to general equitable principles (whether considered in a proceeding in equity or law). Upon issuance in accordance with, and
payment pursuant to, the terms of the Warrant Agreement and this Agreement, the Private Placement Warrants will constitute valid
and binding obligations of the Company, enforceable in accordance with their terms as of the Closing Date.

 

(ii) The execution and delivery by the Company of this
Agreement and the Private Placement Warrants, the issuance and sale of the Private Placement Warrants, the issuance of the
Shares upon exercise of the Private Placement Warrants and the fulfillment of and compliance with the respective terms hereof
and thereof by the Company, do not and will not as of the Closing Date (a) conflict with or result in a breach of the terms,
conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest,
charge or encumbrance upon the Company’s capital stock or assets under, (d) result in a violation of, or (e) require
any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or
administrative or governmental body or agency pursuant to the amended and restated certificate of incorporation of the
Company (in effect on the date hereof or as may be amended prior to completion of the Public Offering) or any material law,
statute, rule or regulation to which the Company is subject, or any agreement, order, judgment or decree to which the Company
is subject, except for any filings required after the date hereof under federal or state securities laws.

 

C. Title to Securities. Upon issuance in accordance with,
and payment pursuant to, the terms hereof and the Warrant Agreement, the Shares issuable upon exercise of the Private Placement
Warrants will be duly and validly issued, fully paid and nonassessable. On the date of issuance of the Private Placement Warrants,
the Shares issuable upon exercise of the Private Placement Warrants shall have been reserved for issuance. Upon issuance in accordance
with, and payment pursuant to, the terms hereof and the Warrant Agreement, the Purchaser will have good title to the Private Placement
Warrants purchased by it and the Shares issuable upon exercise of such Private Placement Warrants, free and clear of all liens,
claims and encumbrances of any kind, other than (i) transfer restrictions hereunder and under the other agreements contemplated
hereby, (ii) transfer restrictions under federal and state securities laws, and (iii) liens, claims or encumbrances imposed due
to the actions of the Purchaser.

 

    

     

    

 

D. Governmental Consents. No permit, consent, approval
or authorization of, or declaration to or filing with, any governmental authority is required in connection with the execution,
delivery and performance by the Company of this Agreement or the consummation by the Company of any other transactions contemplated
hereby.

 

E. Regulation D Qualification. Neither the Company nor,
to its actual knowledge, any of its affiliates, members, officers, directors or beneficial stockholders of 20% or more of its outstanding
securities, has experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act.

 

Section 3. Representations and Warranties of the Purchaser.
As a material inducement to the Company to enter into this Agreement and issue and sell the Private Placement Warrants to the Purchaser,
the Purchaser hereby represents and warrants to the Company (which representations and warranties shall survive each Closing Date)
that:

 

A. Organization and Requisite Authority. The Purchaser
possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.

 

B. Authorization; No Breach.

 

(i) This Agreement constitutes a valid and binding obligation
of the Purchaser, enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable principles
(whether considered in a proceeding in equity or law).

 

(ii) The execution and delivery by the Purchaser of this Agreement
and the fulfillment of and compliance with the terms hereof by the Purchaser does not and shall not as of each Closing Date (a)
conflict with or result in a breach by the Purchaser of the terms, conditions or provisions of, (b) constitute a default under,
(c) result in the creation of any lien, security interest, charge or encumbrance upon the Purchaser’s equity or assets under,
(d) result in a violation of, or (e) require authorization, consent, approval, exemption or other action by or notice or declaration
to, or filing with, any court or administrative or governmental body or agency pursuant to the Purchaser’s organizational
documents in effect on the date hereof or as may be amended prior to completion of the contemplated Public Offering, or any material
law, statute, rule or regulation to which the Purchaser is subject, or any agreement, instrument, order, judgment or decree to
which the Purchaser is subject, except for any filings required after the date hereof under federal or state securities laws.

 

C. Investment Representations.

 

(i) The Purchaser is acquiring the Private Placement Warrants
and, upon exercise of the Private Placement Warrants, the Shares issuable upon such exercise (collectively, the “Securities”)
for its own account, for investment purposes only and not with a view towards, or for resale in connection with, any public sale
or distribution thereof.

 

(ii) The Purchaser is an “accredited investor”
as such term is defined in Rule 501(a)(3) of Regulation D, and the Purchaser has not experienced a disqualifying event as enumerated
pursuant to Rule 506(d) of Regulation D under the Securities Act.

 

(iii) The Purchaser understands that the Securities are being
offered and will be sold to it in reliance on specific exemptions from the registration requirements of the United States federal
and state securities laws and that the Company is relying upon the truth and accuracy of, and the Purchaser’s compliance
with, the representations and warranties of the Purchaser set forth herein in order to determine the availability of such exemptions
and the eligibility of the Purchaser to acquire such Securities.

 

(iv) The Purchaser did not decide to enter into this Agreement
as a result of any general solicitation or general advertising within the meaning of Rule 502(c) under the Securities Act.

 

(v) The Purchaser has been furnished with all materials relating
to the business, finances and operations of the Company and materials relating to the offer and sale of the Securities which have
been requested by the Purchaser. The Purchaser has been afforded the opportunity to ask questions of the executive officers and
directors of the Company. The Purchaser understands that its investment in the Securities involves a high degree of risk and it
has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect
to the acquisition of the Securities.

 

(vi) The Purchaser understands that no United States
federal or state agency or any other government or governmental agency has passed on or made any recommendation or
endorsement of the Securities or the fairness or suitability of the investment in the Securities by the Purchaser nor have
such authorities passed upon or endorsed the merits of the offering of the Securities.

 

    

     

    

 

(vii) The Purchaser understands that: (a) the Securities have
not been and are not being registered under the Securities Act or any state securities laws, and may not be offered for sale, sold,
assigned or transferred unless (1) subsequently registered thereunder or (2) sold in reliance on an exemption therefrom; and (b)
except as specifically set forth in the Registration and Stockholder Rights Agreement, neither the Company nor any other person
is under any obligation to register the Securities under the Securities Act or any state securities laws or to comply with the
terms and conditions of any exemption thereunder. In this regard, the Purchaser understands that the SEC has taken the position
that promoters or affiliates of a blank check company and their transferees, both before and after an initial Business Combination,
are deemed to be “underwriters” under the Securities Act when reselling the securities of a blank check
company. Based on that position, Rule 144 adopted pursuant to the Securities Act would not be available for resale transactions
of the Securities despite technical compliance with the requirements of such Rule, and the Securities can be resold only through
a registered offering or in reliance upon another exemption from the registration requirements of the Securities Act.

 

(viii) The Purchaser has such knowledge and experience in financial
and business matters, knowledge of the high degree of risk associated with investments in the securities of companies in the development
stage such as the Company, is capable of evaluating the merits and risks of an investment in the Securities and is able to bear
the economic risk of an investment in the Securities in the amount contemplated hereunder for an indefinite period of time. The
Purchaser has adequate means of providing for its current financial needs and contingencies and will have no current or anticipated
future needs for liquidity which would be jeopardized by the investment in the Securities. The Purchaser can afford a complete
loss of its investments in the Securities.

 

(ix) The Purchaser understands that the Private Placement Warrants
shall bear the legend substantially in the form set forth in the Warrant Agreement.

 

Section 4. Conditions of the Purchaser’s Obligations.
The obligations of the Purchaser to purchase and pay for the Private Placement Warrants are subject to the fulfillment, on or before
each Closing Date, of each of the following conditions:

 

A. Representations and Warranties. The representations
and warranties of the Company contained in Section 2 shall be true and correct at and as of the Closing Date as though then made.

 

B. Performance. The Company shall have performed and
complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied
with by it on or before such Closing Date.

 

C. No Injunction. No litigation, statute, rule, regulation,
executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental
authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby,
which prohibits the consummation of any of the transactions contemplated by this Agreement or the Warrant Agreement.

 

D. Warrant Agreement and Registration and Stockholder Rights
Agreement. The Company shall have entered into the Warrant Agreement, in the form of Exhibit A hereto, and the Registration
and Stockholder Rights Agreement, in the form of Exhibit B hereto, in each case on terms satisfactory to the Purchaser.

 

Section 5. Conditions of the Company’s Obligations.
The obligations of the Company to the Purchaser under this Agreement are subject to the fulfillment, on or before each Closing
Date, of each of the following conditions:

 

A. Representations and Warranties. The representations
and warranties of the Purchaser contained in Section 3 shall be true and correct at and as of such Closing Date as though then
made.

 

B. Performance. The Purchaser shall have performed and
complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied
with by the Purchaser on or before such Closing Date.

 

C. Corporate Consents. The Company shall have obtained
the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the Warrant Agreement
and the issuance and sale of the Private Placement Warrants hereunder.

 

    

     

    

 

D. No Injunction. No litigation, statute, rule, regulation,
executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental
authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby,
which prohibits the consummation of any of the transactions contemplated by this Agreement or the Warrant Agreement.

 

E. Warrant Agreement. The Company shall have entered
into the Warrant Agreement.

 

Section 6. Miscellaneous. 

 

A. Successors and Assigns. Except as otherwise expressly
provided herein, all covenants and agreements contained in this Agreement by or on behalf of any of the parties hereto shall bind
and inure to the benefit of the respective successors of the parties hereto whether so expressed or not. Notwithstanding the foregoing
or anything to the contrary herein, the parties may not assign this Agreement, other than assignments by the Purchaser to affiliates
thereof (including, without limitation one or more of its members).

 

B. Severability. Whenever possible, each provision of
this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this
Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of
such prohibition or invalidity, without invalidating the remainder of this Agreement.

 

C. Counterparts. This Agreement may be executed simultaneously
in two or more counterparts, none of which need contain the signatures of more than one party, but all such counterparts taken
together shall constitute one and the same agreement. Signatures to this Agreement transmitted via facsimile or e-mail shall be
valid and effective to bind the party so signing.

 

D. Descriptive Headings; Interpretation. The descriptive
headings of this Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement. The use
of the word “including” in this Agreement shall be by way of example rather than by limitation.

 

E. Governing Law. This Agreement shall be deemed to be
a contract made under the laws of the State of New York and for all purposes shall be construed in accordance with the internal
laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the
laws of another jurisdiction.

 

F. Amendments. This Agreement may not be amended, modified
or waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

[Signature page follows]

 

    

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

 

	 	COMPANY:
	 	STAR PEAK ENERGY TRANSITION CORP.
	 	 	 
	 	By:	 
	 	Name:	Eric Scheyer
	 	Title:	Chief Executive Officer
	 	 
	 	PURCHASER:
	 	STAR PEAK SPONSOR LLC

 

	 	By:	MTP Energy Management LLC
	 	Its:	Sole Member
	 	 	 
	 	By:	Magnetar Financial LLC
	 	Its:	Sole Member

 

	 	By:	 
	 	Name:  	Eric Scheyer
	 	Title:	Authorized Signatory

 

    

     

    

 

EXHIBIT A 

Warrant Agreement 

 

    

     

    

 

EXHIBIT B 

Registration and Stockholder Rights Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}]]