SEC Contract Filing

Filing Date: 2021-07-20

Document Content:
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<TYPE>EX-10.13
<SEQUENCE>11
<FILENAME>tm2122603d1_ex10-13.htm
<DESCRIPTION>EXHIBIT 10.13
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.13</B></P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">____________, 2021</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">Hillman Solutions Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">[10590 Hamilton Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">Cincinnati, Ohio 45231]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reference is hereby made to
that certain Agreement and Plan of Merger, dated January 24, 2021, by and among Landcadia Holdings III, Inc., a Delaware corporation (&ldquo;<B><I>Parent</I></B>&rdquo;),
Helios Sun Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent (&ldquo;<B><I>Merger Sub</I></B>&rdquo;), HMAN
Group Holdings Inc., a Delaware corporation (&ldquo;<B><I>Hillman</I></B>&rdquo;), and the stockholder representative thereunder (the
 &ldquo;<B><I>Merger Agreement</I></B>&rdquo;). Capitalized terms used but not defined herein shall have the meanings ascribed to such
terms in the Merger Agreement.</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">The undersigned understands
that (i) pursuant to the Merger Agreement, Merger Sub shall merge with and into Hillman, with Hillman being the surviving corporation
of the merger, and (ii) upon the closing of the transactions contemplated by the Merger Agreement, each share of common stock, par value
$0.01 per share, of Hillman (the &ldquo;<B><I>Hillman Common Stock</I></B>&rdquo;) held by the undersigned shall be cancelled and automatically
deemed for all purposes to represent the right to receive a portion of the Aggregate Stock Consideration, with the undersigned being entitled
to receive with respect to each such share of Hillman Common Stock, a number of shares of common stock, par value $0.0001 per share (the
 &ldquo;<B><I>Common Stock</I></B>&rdquo;), of Hillman Solutions Corp. (f/k/a Landcadia Holdings III, Inc.), a Delaware corporation (the
 &ldquo;<B><I>Company</I></B>&rdquo;), subject to and in accordance with the terms and conditions set forth in the Merger Agreement.</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">In consideration of the foregoing,
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees
as follows:</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify">The undersigned agrees that they shall not Transfer any shares of Common Stock for six (6) months following
the Closing Date (the &ldquo;<B><I>Lock-Up Period</I></B>&rdquo;); <U>provided</U>, (x) that 33% of the Common Stock shall be transferable
as part of an Underwritten Offering following 90 days after the Closing Date if the last closing price of the Common Stock equals or exceeds
$12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days
within any 30-trading day period after the Closing, and (y) each executive officer and director of the Company shall be permitted to establish
a plan to acquire and sell shares of Common Stock pursuant to Rule 10b5-1 under the Exchange Act, provided that such plan does not provide
for the Transfer of shares of Common Stock during the Lock-Up Period. The foregoing restrictions shall not apply to Permitted Transfers
or Transfers made by a Permitted Transferee.</TD></TR></TABLE>

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