Warrant

This Warrant Will Be Void if Not Exercised Prior to 5:00 P.M. New York City Time on , 2009 Restaurant Acquisition Partners, Inc.

by Restaurant Acquisition Partners, Inc.
October 28th, 2005

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Exhibit 4.3

NUMBER   WARRANTS                        

[SYMBOL]

 

 

THIS WARRANT WILL BE VOID
IF NOT
EXERCISED PRIOR TO
5:00 P.M. NEW YORK CITY TIME
ON                        , 2009

RESTAURANT ACQUISITION
PARTNERS, INC.

CUSIP


WARRANT

        THIS CERTIFIES THAT, for value received

is the registered holder of a Warrant or Warrants expiring                        , 2009 (the "Warrant") to purchase one fully paid and non-assessable share of Common Stock, par value $.0001 per share ("Shares"), of Restaurant Acquisition Partners, Inc., a Delaware corporation (the "Company"), for each Warrant evidenced by this Warrant Certificate. The Warrant entitles the holder thereof to purchase from the Company, commencing on the later of (i) the consummation by the Company of a merger, capital stock exchange, asset acquisition or other similar business combination and (ii)                         , 2006, such number of Shares of the Company at the price of [$5.00/ $6.00] per share, upon surrender of this Warrant Certificate accompanied by the annexed duly executed exercise form and payment of the warrant price at the office or agency of the Warrant Agent, Continental Stock Transfer & Trust Company (such payment to be made by check made payable to the Warrant Agent), but only subject to the conditions set forth herein and in the Warrant Agreement between the Company and Continental Stock Transfer & Trust Company (the "Warrant Agreement"). [Solely in the Warrants included in the Units issuable pursuant to the Underwriters Option: In lieu of exercising the Warrant pursuant to the immediately preceding sentence, the Warrant holder shall have the right to require the Company to convert the Warrant, in whole or in part, into Shares, by surrendering this Warrant Certificate accompanied by the annexed duly executed exercise form, with the cashless exercise section completed, to the office or agency of the Warrant Agent, subject to the conditions set forth herein and in the Warrant Agreement.] The Warrant Agreement provides that upon the occurrence of certain events, the Warrant Price and the number of Warrant Shares purchasable hereunder, set forth on the face hereof, may, subject to certain conditions, be adjusted. The term Warrant Price as used in this Warrant Certificate refers to the price per Share at which Shares may be purchased at the time the Warrant is exercised.

        No fraction of a Share will be issued upon any exercise of a Warrant. If the holder of a Warrant would be entitled to receive a fraction of a Share upon any exercise of a Warrant, the Company shall, upon such exercise, round up or down to the nearest whole number the number of Shares to be issued to such holder.

        Upon any exercise of the Warrant for less than the total number of full Shares provided for herein, there shall be issued to the registered holder hereof or his assignee a new Warrant Certificate covering the number of Shares for which the Warrant has not been exercised.

        Warrant Certificates, when surrendered at the office or agency of the Warrant Agent by the registered holder hereof in person or by attorney duly authorized in writing, may be exchanged in the manner and subject to the limitations provided in the Warrant Agreement, but without payment of any



service charge, for another Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants.

        Upon due presentment for registration of transfer of the Warrant Certificate at the office or agency of the Warrant Agent, a new Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any applicable tax or other governmental charge.

        The Company and the Warrant Agent may deem and treat the registered holder as the absolute owner of this Warrant Certificate (notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the registered holder and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.

        This Warrant does not entitle the registered holder to any of the rights of a stockholder of the Company.

        The Company reserves the right to call the Warrant, in whole or in part, at any time prior to its exercise, with a notice of call in writing to the holders of record of the Warrant, giving 30 days' notice of such call at any time after the Warrant becomes exercisable if the last sale price of the Shares has been at least $8.50 per share on each of 20 trading days within any 30 trading day period ending on the third business day prior to the date on which notice of such call is given. The call price of the Warrants is to be $.01 per Warrant. Any Warrant either not exercised or tendered back to the Company by the end of the date specified in the notice of call shall be canceled on the books of the Company and have no further value except for the $.01 call price.

By: RESTAURANT ACQUISITION PARTNERS, INC.

 

 

 


President

 


Secretary

EXERCISE FORM

Form to be used to exercise Warrant:

Restaurant Acquisition Partners, Inc.
5950 Hazeltine National Drive, Suite 290
Orlando, FL 32822

Date:                        , 200

        The undersigned hereby elects irrevocably to exercise all or a portion of the within Warrants and to purchase            shares of Common Stock of Restaurant Acquisition Partners, Inc. and hereby makes payment of $                                           (at the rate of $                                           per share of Common Stock) in payment of the Warrant price pursuant thereto. Please issue the Common Stock as to which the within Warrants are exercised in accordance with the instructions given below.

        [Solely in the Warrants included in the Units issuable pursuant to the Underwriters Option: or

        The undersigned hereby elects irrevocably to convert its right to purchase                        shares of Common Stock purchasable under the within Warrants by surrender of the unexercised portion of the attached Warrants (with a "Value" of $                              based on a "Current Market Price" of

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$                              less the exercise price of $                              ). Please issue the shares of Common Stock as to which the within Warrants are exercised in accordance with the instructions given below.]

   
Signature

 

 


Signature Guaranteed
INSTRUCTIONS FOR REGISTRATION OF SECURITIES

Name

 


(Print in Block Letters)

 

 

Address

 



 

 



 

 

Social Security or Tax Identification Number

 

 



 

 

NOTICE: THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN WARRANT CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, OTHER THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR BY A FIRM HAVING MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES EXCHANGE.

ASSIGNMENT

To Be Executed by the Registered Holder in Order to Assign Warrants

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




(PLEASE TYPE OR PRINT NAME AND ADDRESS)




(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

and be delivered to    
   
(PLEASE PRINT OR TYPE NAME AND ADDRESS)

                        of the Warrants represented by this Warrant Certificate, and hereby irrevocably constitute and appoint                        Attorney to transfer this Warrant Certificate on the books of the Company, with full power of substitution in the premises.

Dated:        
   
 
(SIGNATURE)

THE SIGNATURE TO THE ASSIGNMENT OF THE SUBSCRIPTION FORM MUST CORRESPOND TO THE NAME WRITTEN UPON THE FACE OF THIS WARRANT

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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 THE AMERICAN STOCK EXCHANGE, NEW YORK STOCK EXCHANGE, PACIFIC STOCK EXCHANGE OR CHICAGO STOCK EXCHANGE.

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