Specimen Warrant Certificate



 Exhibit 4.3 
  


					
	NUMBER	  	(SEE REVERSE SIDE FOR LEGEND)	  	WARRANTS
			
	[SYMBOL]	  	 THIS WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO
 5:00 P.M. NEW YORK CITY TIME,                     , 2010
 OR UPON EARLIER REDEMPTION
	  	 

  
 BUILDER ACQUISITON
CORP. 
  
 CUSIP ___________ 
  
 WARRANT 
  
 THIS CERTIFIES THAT, for value received 
  
 is the registered holder of a Warrant or Warrants expiring at 5:00 p.m., New York City Time,
                    , 2010, or upon earlier redemption (the “Warrant”), to purchase one fully paid and non-assessable share of Common
Stock, par value $.0001 per share (“Shares”), of Builder Acquisition Corp., a Delaware corporation (the “Company”), for each Warrant evidenced by this Warrant Certificate. If such expiration date is in the State of New York
a holiday or a day on which banking institutions are authorized or obligated by law or executive order to close, then the expiration date shall mean 5:00 P.M., New York City Time, the next following day which in the State of New York is not a
holiday or day on which banking institutions are authorized or obligated by law or executive order to close. The Warrant entitles the holder thereof to purchase from the Company, commencing on the later of
(i)                     , 2007 or (ii) the consummation by the Company of an acquisition through merger, capital stock exchange, asset
acquisition, stock purchase or other business combination transaction, or a combination of any of the foregoing, of one or more operating businesses in the homebuilding industry that is its initial business combination and which meets the size,
timing and other criteria outlined in the Company’s registration statement on Form S-1 initially filed with the Securities and Exchange Commission on ________, 2006 (File No. 333-________), as amended (“Business Combination”),
such number of Shares of the Company at the price of $6.00 per share, upon surrender of this Warrant Certificate accompanied by the annexed duly executed subscription 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”). 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 Certificate does not entitle the registered holder to any of the rights of a stockholder of the Company. 
  
 The Company reserves the right to redeem all (but not part) of the then outstanding Warrants, with a notice of redemption in writing to the holders of record of the
Warrants then outstanding, giving 30 days’ notice of such redemption at any time after such Warrants become exercisable if the last sale price of the Shares has been at least $11.50 per share (the “Trigger Price”) on each of 20
trading days within a 30 trading day period ending on the third business day prior to the date on which notice of such redemption is given. The redemption 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 redemption shall be canceled on the books of the Company and have no further value except for the $.01 redemption price. The Trigger Price is subject to adjustments as
provided in the Warrant Agreement. 
  
 This
Warrant Certificate shall be governed by and construed in accordance with the laws of the State of New York. 
  

							
	 	 	 	 	 By: 
	 	BUILDER ACQUISITION CORP.
				
	  	 	 	 	  	 	  
	Secretary	 	 	 	 	 	Chairman of the Board

  
 COUNTERSIGNED 
  
 CONTINENTAL STOCK
TRANSFER & TRUST COMPANY, 
  
 as Warrant
Agent 
  
 __________________________________ 
 Authorized Officer 







 SUBSCRIPTION FORM 
  
 To Be Executed by the Registered Holder in Order to Exercise Warrants 
  
 The undersigned Registered Holder irrevocably elects to exercise
                         Warrants represented by this Warrant Certificate, and to purchase the shares of Common Stock issuable
upon the exercise of such Warrants, and requests that Certificates for such shares shall be issued in the name of 
  
 (PLEASE TYPE OR PRINT NAME AND ADDRESS) 
  
 (SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER) 
  
 and be delivered to 
  
 (PLEASE PRINT OR TYPE NAME AND ADDRESS) 
  
 and, if such number of Warrants shall not be all the Warrants evidenced by this Warrant Certificate, that a new Warrant Certificate for the balance of such Warrants be
registered in the name of, and delivered to, the Registered Holder at the address stated below: 
  

	Dated:	                                 

  

	
	
	  
	(SIGNATURE)
	
	  
	(ADDRESS)
	
	  
	(TAX IDENTIFICATION NUMBER)









 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 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.