SEC Contract Filing

Filing Date: 2021-05-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>tm2115705d1_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<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: right"><FONT STYLE="font-size: 10pt"><B>Exhibit
10.3</B></FONT></P>

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

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS LOCK-UP AGREEMENT (this
&#8220;<U>Agreement</U>&#8221;) is made and entered into as of [&#8226;], 2021 by and among (i) Star Peak Corp II, a Delaware corporation
(together with its successors, &#8220;<U>STPC</U>&#8221;), (ii) Benson Hill, Inc., a Delaware corporation (the &#8220;<U>Company</U>&#8221;),
and (iii) the undersigned (&#8220;<U>Holder</U>&#8221;). Any capitalized term used but not defined in this Agreement will have the meaning
ascribed to such term in the Merger Agreement (as defined below).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, STPC, STPC II Merger
Sub Corp., a Delaware corporation and a direct wholly-owned subsidiary of STPC (&#8220;<U>Merger Sub</U>&#8221;), and the Company [entered
into that // are substantially contemporaneously entering into that] certain Agreement and Plan of Merger, [dated as of [&#8226;], 2021
// on or about the date hereof] (as amended from time to time in accordance with the terms thereof, the &#8220;<U>Merger Agreement</U>&#8221;),
pursuant to which, among other matters, upon the consummation of the transactions contemplated thereby (the &#8220;<U>Closing</U>&#8221;),
Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity and a wholly-owned subsidiary of
STPC (the &#8220;<U>Merger</U>&#8221;), and as a result of which all of the issued and outstanding capital stock of the Company immediately
prior to the Closing shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, in exchange for the
right to receive newly issued STPC Common Shares and [STPC Options], all upon the terms and subject to the conditions set forth in the
Merger Agreement and in accordance with the applicable provisions of the DGCL;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, as of the date hereof,
Holder is a holder of equity securities of the Company in such amounts and classes or series as set forth underneath Holder&#8217;s name
on the signature page hereto; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, pursuant to the Merger
Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties desire
to enter into this Agreement, pursuant to which the STPC Common Shares (including any Earn Out Shares), STPC Options and STPC Converted
Warrants, as applicable, to be received by Holder as consideration in the Merger, including any STPC Common Shares (including any Earn
Out Shares) underlying the STPC Options or STPC Converted Warrants (all such securities, together with any securities paid as dividends
or distributions with respect to such securities or into which such securities are exchanged or converted, the &#8220;<U>Restricted Securities</U>&#8221;)
shall become subject to limitations on disposition as set forth herein.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and intending to be legally bound
hereby, the parties hereby agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Lock-up Provisions.</U></P>

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