Document:

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                                                                   Exhibit 10.16

                         SECURITIES PURCHASE AGREEMENT

                                                      Dated as of March 19, 2001

          This Agreement sets forth the agreement of TurboChef Technologies,
Inc. (the "Company") and Grand Cheer Ltd. (the "Purchaser") with respect to the
purchase of the Shares (as hereinafter defined) by the Purchaser.

1.   Purchase of Shares.
     ------------------

     The Company hereby agrees to sell and issue to the Purchaser (i) an
aggregate of up to 20,000 shares (the "Shares") of Series B convertible
preferred stock, par value $1.00 per share (the "Preferred Stock"), of the
Company, and (ii) 1,000,000 warrants (the "Warrants"), each Warrant exercisable
to purchase one share of common stock, par value $.01 per share (the "Common
Stock") of the Company, at an exercise price of $1.20 per share, and the
Purchaser hereby agrees to purchase from the Company the Shares and the Warrants
for an aggregate purchase price of $2,000,000 on the date hereof (the "Closing
Date").  The form of the Warrant is attached as Exhibit A hereto.

2.   Payment for and Delivery of the Shares and Warrants.
     ---------------------------------------------------

     Payment of the $2,000,000 purchase price for the Shares and Warrants by the
Purchaser will be made by wire transfer by the Purchaser to the Company on the
Closing Date.  Within ten (10) business days following receipt of payment for
the full purchase price of the Shares and Warrants, the Company will issue and
deliver the Shares and Warrants to the Purchaser at the address written above.

3.   Restrictions on Transfer.
     ------------------------

     3.1  The Purchaser understands that the Shares, the Warrants, the shares of
Common Stock issuable upon conversion of the Shares (the "Conversion Shares")
and the shares of Common Stock issuable upon exercise of the Warrants (the
"Warrant Shares") are "restricted securities" with the meaning of Rule 144
promulgated under the Securities Act of 1933, as amended (the "Act").

     3.2  The Purchaser understands that the certificates representing the
Shares, the Warrants, the Conversion Shares and the Warrant Shares will bear a
restrictive legend thereon substantially as follows:

          "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
          REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"),
          OR ANY OTHER APPLICABLE SECURITIES LAWS, AND ARE RESTRICTED SECURITIES
          AS THAT TERM IS DEFINED UNDER RULE 144 PROMULGATED UNDER THE ACT.
          THESE SECURITIES MAY
<PAGE>

          NOT BE SOLD, PLEDGED, TRANSFERRED, DISTRIBUTED OR OTHERWISE DISPOSED
          OF IN ANY MANNER UNLESS THEY ARE REGISTERED UNDER THE ACT AND ANY
          APPLICABLE SECURITIES LAWS, OR UNLESS THE REQUEST FOR TRANSFER IS
          ACCOMPANIED BY AN OPINION OF COUNSEL, REASONABLY SATISFACTORY TO THE
          COMPANY, STATING THAT SUCH TRANSFER IS EXEMPT FROM REGISTRATION UNDER
          THE ACT AND ANY OTHER SECURITIES LAWS."

     3.3  The Purchaser understands that upon conversion of the Shares or
exercise of the Warrants, the Company will direct the transfer agent for the
Common Stock to place a stop transfer instruction against the certificates
representing the Conversion Shares or Warrant Shares, as the case may be, and
will instruct the transfer agent to refuse to effect any transfer thereof in the
absence of a registration statement declared effective by the Securities and
Exchange Commission ("SEC") with respect to the Conversion Shares or Warrant
Shares, as the case may be, or a favorable opinion of counsel, satisfactory to
the Company, that such transfer is exempt from registration under the Act and
any other applicable state securities laws ("Other Securities Laws").

     3.4  The Purchaser understands that, except as otherwise provided herein,
the Purchaser will have no rights whatsoever to request, and that the Company is
under no obligation whatsoever to furnish, a registration of the Shares,
Warrants, Conversion Shares or Warrant Shares under the Act or any Other
Securities Laws.

4.   Registration Rights.
     -------------------

     4.1  At any time following the Closing Date, the Purchaser shall have the
right (the "Demand Right"), exercisable by written notice to the Company, to
have the Company prepare and file with the SEC, on one occasion, a registration
statement and such other documents, including a prospectus, as may be necessary,
in order to comply with the provisions of the Act, so as to permit a public
offering and sale of the Conversion Shares and Warrant Shares by the holders
thereof; provided, however, that the Demand Right will not apply to any
Conversion Shares or Warrant Shares which in the opinion of counsel to the
Company may be freely traded (without limitation or restriction as to quantity
or timing and without registration under the Act) under Rule 144(k) promulgated
under the Act or otherwise.

     4.2  The Company shall pay all costs, fees and expenses in connection with
the Demand Right, including the Company's legal and accounting fees, printing
fees, registration and filing fees and blue sky fees and expenses; provided
however, that the Purchaser shall be solely responsible for the fees of any
counsel or other advisor retained by it in connection with the Demand Right and
any transfer taxes or underwriting or brokerage discounts, commissions or fees
applicable to the Conversion Shares or Warrant Shares.

                                      -2-
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5.   Purchaser's Representations and Warranties.
     ------------------------------------------

     In order to induce the Company to execute this Agreement and to consummate
the transactions set forth herein, the Purchaser hereby represents and warrants
with and covenants to the Company as follows:

     5.1  The Purchaser acknowledges that representatives of the Purchaser have
received and reviewed copies of the Company's Form 10-KSB for the year ended
December 31, 1999, as amended, and Form 10-QSB for the quarter ended September
30, 2000, including, in each case, the exhibits thereto and all of the documents
incorporated by reference therein, and the Designation (as hereinafter defined);
the Purchaser's representatives have had the opportunity to ask questions of and
receive answers from qualified representatives of the Company concerning the
business and financial condition of the Company and the terms and conditions of
this Agreement; and all of such questions have been answered to the satisfaction
of the Purchaser's representatives.

     5.2  The Purchaser represents that its representatives are sophisticated
investor familiar with the type of risks inherent in the acquisition of
securities such as the Shares and Warrants and that, by reason of the
Purchaser's representatives' knowledge and experience in financial and business
matters in general, and investments of this type in particular, the Purchaser's
representatives are capable of evaluating the merits and risks of an investment
in the Shares and Warrants.

     5.3  The Purchaser is able to bear the economic risk of an investment in
the Shares and Warrants, including, without limiting the generality of the
foregoing, the risk of losing part or all of the Purchaser's investment in the
Shares and Warrants and the Purchaser's possible inability to sell or transfer
the Shares and Warrants for an indefinite period of time.

     5.4  The Purchaser is acquiring the Shares and Warrants for its own account
and for the purpose of investment and not with a view to, or for resale in
connection with, any distribution within the meaning of the Act or any Other
Securities Laws, in violation of the Act.

     5.5  The Purchaser acknowledges that the Shares and Warrants have not been
registered under the Act or any of the Other Securities Laws, and may not be
sold, transferred or otherwise disposed of, except if an effective registration
statement is then in effect or pursuant to an exemption from registration under
said Act and such Other Securities Laws.

     5.6  The Purchaser is an "accredited investor" as that term is defined in
Rule 501(a) of Regulation D promulgated under the Act (a copy of which
definition is attached hereto).

     5.7  The Purchaser has all requisite power and authority to enter into this
Agreement and subscribe for the Shares pursuant hereto.

     5.8  This Agreement has been duly authorized, executed and delivered by or
on behalf of the Purchaser and constitutes the valid and binding obligation of
the Purchaser, enforceable against the Purchaser in accordance with its terms.

                                      -3-
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     5.9  The Purchaser acknowledges that the terms of the Shares are governed
by the Certificate of Designation of Series B Convertible Preferred Stock, a
copy of which is attached as Exhibit B hereto (the "Designation"), and that the
Warrants are governed by the Warrant Certificate, the form of which is attached
as Exhibit A hereto.

     5.10 The Purchaser acknowledges that the Company has relied on the
representations contained herein and that the statutory basis for exemption from
the requirements of Section 5 of the Act may not be present if, notwithstanding
such representations, the Purchaser were acquiring the Shares and Warrants for
resale or distribution upon the occurrence or non-occurrence of some
predetermined event.

6.   Miscellaneous.
     -------------

     6.1  All communications hereunder will be in writing and, except as
otherwise provided, will be delivered at, or mailed by certified mail, return
receipt requested, or telegraphed to, the following addresses: if to the
Purchaser, addressed to Grand Cheer Ltd., 13 F Gloucester Tower, The Landmark,
11 Pedder Street, Central, Hong Kong; if to the Company to: TurboChef
Technologies, Inc., 10500 Metric Drive, Suite 128, Dallas, Texas 75243,
Attention: Mr. Richard Caron, Chief Executive Officer, with a copy to Blank Rome
Tenzer Greenblatt, LLP, 405 Lexington Avenue, New York, New York 10174,
Attention: Robert J. Mittman, Esq.

     6.2  This Agreement shall be deemed to have been made and delivered in New
York City and shall be governed as to validity, interpretation, construction,
effect and in all other respects by the internal laws of the State of New York.
The Purchaser and the Company (1) agrees that any legal suit, action or
proceeding arising out of or relating to this Agreement, shall be instituted
exclusively in New York State Supreme Court, County of New York, or in the
United States District Court for the Southern District of New York, unless such
court shall have refused such jurisdiction, (2) waives any objection which the
Purchaser or the Company may have now or hereafter to the venue of any such
suit, action or proceeding, and (3) irrevocably consents to the jurisdiction of
the New York State Supreme Court, County of New York, and the United States
District Court for the Southern District of New York in any such suit, action or
proceeding. The Purchaser and the Company further agrees to accept and
acknowledge service of any and all process which may be served in any such suit,
action or proceeding in the New York State Supreme Court, County of New York, or
in the United States District Court for the Southern District of New York and
agrees that service of process upon the Purchaser or the Company, as the case
may be, mailed by certified mail to the Purchaser's address or the Company's
address, as the case may be, set forth in Section 6.1 of this Agreement shall be
deemed in every respect effective service of process upon the Purchaser or the
Company, as the case may be, in any such suit, action or proceeding.

     6.3  Each party hereto agrees to use its reasonable best efforts to take
any action which may be necessary or appropriate or reasonably requested by the
other party hereto in order to effectuate or implement the provisions of this
Agreement.

     6.4  The Purchaser's rights under this Agreement are not assignable, except
to a wholly-owned subsidiary or parent company of the Purchaser.

                                      -4-
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     6.5  The rights and obligations of the parties under this Agreement shall
bind and inure to the benefit of the parties and their respective successors and
assigns.

     6.6  The Purchaser understands that the Company intends to issue a press
release regarding the terms of this Agreement as soon as practical after each
closing date and consents to the Company's issuance of a press release relating
to this Agreement and the reference to the Purchaser in the press release.

     6.7  This Agreement may be executed in separate counterparts, all of which
shall constitute one agreement.

     6.8  All notices required or permitted to be given hereunder shall be
personally delivered, sent by courier service or mailed by certified or
registered mail, postage prepaid, to the respective parties at the addresses set
forth herein and shall be deemed given upon receipt.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first above written.

                                       PURCHASER:

                                       GRAND CHEER LTD.

                                       By:_____________________________________
                                           Name:
                                           Title:

                                       COMPANY:

                                       TURBOCHEF TECHNOLOGIES, INC.

                                       By:_____________________________________
                                         Name:  Richard Caron
                                         Title: President and Chief Executive
                                                Officer

                                      -5-<PAGE>

                                                                   Exhibit 10.17

THE WARRANTS REPRESENTED BY THIS CERTIFICATE AND THE SHARES OF COMMON STOCK
ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY
NOT BE OFFERED OR SOLD EXCEPT (i) PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR
(ii) UPON THE DELIVERY BY THE HOLDER TO THE COMPANY OF AN OPINION OF COUNSEL,
REASONABLY SATISFACTORY TO COUNSEL FOR THE COMPANY, STATING THAT AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS
IS AVAILABLE FOR THE OFFER AND SALE OF SUCH SECURITIES.

                              WARRANT CERTIFICATE
                                      OF
                         TURBOCHEF TECHNOLOGIES, INC.

             Warrant to Purchase 1,000,000 Shares of Common Stock
                            par value $.01 per share
                  Void after 5:00 p.m., New York Local Time,
                   March 19, 2011, or if not a business day,
                   after 5:00 p.m., New York Local Time, on
                        the next following business day

        Pursuant to the securities purchase agreement dated as of March 19, 2001
between TurboChef Technologies, Inc., a Delaware corporation (the "Company"),
and Grand Cheer Ltd. ("Grand Cheer"), the Company hereby certifies that Grand
Cheer or its registered assigns (the "Holder"), is the registered holder of
Warrants to purchase, up to 1,000,000 fully paid and nonassessable shares,
subject to adjustment in accordance with Section 5 hereof (the "Warrant Shares")
of Common Stock, at the exercise price per Warrant Share, and in the manner and
subject to the conditions and adjustments, hereinafter provided.

     1.   Exercise of Warrant.
          -------------------

          (a)  The Warrants represented by this Warrant Certificate shall become
exercisable as to (i) 333,333 Warrant Shares on March 19, 2002, (ii) 333,333
Warrant Shares on March 19, 2003 and (iii) 333,334 Warrant Shares on March 19,
2004, and shall thereafter be exercisable until 5:00 P.M., New York City local
time on March 19, 2011.

          (b)  The Warrants represented by this Warrant Certificate are each
initially exercisable to purchase one Warrant Share at a price of $1.20 per
Warrant Share payable in cash or by check to the order of the Company, or any
combination thereof, subject to adjustment as provided in Section 5 hereof. Upon
surrender of this Warrant Certificate with the annexed Form of Election to
Purchase duly executed, together with payment of the Exercise Price (as
hereinafter defined) for the Warrant Shares purchased, at the Company's
principal offices (currently located at 10500 Metric Drive, Suite 128, Dallas,
Texas 75243), the Holder shall be entitled to receive a certificate or
certificates for the Warrant Shares so purchased. The purchase rights
represented by this Warrant Certificate are exercisable at the option of the
Holder, in
<PAGE>

whole or in part (but not as to fractional Warrant Shares). In the case of the
purchase of less than all the Warrant Shares purchasable under this Warrant
Certificate, the Company shall cancel this Warrant Certificate upon its
surrender to the Company and shall execute and deliver a new Warrant Certificate
of like tenor and date for the balance of the Warrant Shares purchasable
hereunder.

     2.   Issuance of Warrant Shares.  Upon the exercise of all or part of the
          --------------------------
Warrants, the issuance of certificates for the Warrant Shares purchased shall be
made, without charge to the Holder, including, without limitation, for any tax
which may be payable in respect of the issuance thereof, and such certificates
shall be issued in the name of, or in such names as may be directed by, the
Holder; provided, however, that the Company shall not be required to pay any tax
which may be payable in respect of any transfer involved in the issuance and
delivery of any such certificates in a name other than that of Grand Cheer and
the Company shall not be required to issue or deliver such certificates unless
or until the Holder shall have paid to the Company the amount of such tax or
shall have established to the satisfaction of the Company that such tax has been
paid.

     3.   Investment Representation and legend.
          ------------------------------------

          The Holder, by its acceptance hereof, covenants and agrees that the
Warrants have been acquired as an investment and not with a view to the
distribution thereof. In addition, the Company may require the Holder, as a
condition to the exercise of the Warrants, to (i) give written assurance
satisfactory to the Company that the Warrant Shares are being acquired for the
Holder's own account, for investment only, with no view to the distribution of
same, and that any subsequent resale of any such Warrant Shares either shall be
made pursuant to a registration statement under the Securities Act which has
become effective and is current with regard to the Warrant Shares being sold, or
shall be pursuant to an exemption from registration under the Securities Act and
(ii) deliver to the Company an opinion of counsel satisfactory to the Company
that the Warrant Shares may be issued upon such particular exercise in
compliance with the Securities Act without registration thereunder. Unless and
until registered under the Securities Act, any Warrant Certificates issued
pursuant hereto and, upon exercise of the Warrants, in part or in whole, any
certificates representing the Warrant Shares so purchased shall bear a legend
substantially similar to the legend set forth on the facing page of this Warrant
Certificate. Without limiting the generality of the foregoing, the Company may
delay issuance of the Warrant Shares until completion of any action or obtaining
of any consent, which the Company deems necessary under any applicable law
(including without limitation state securities or "blue sky" laws).

     4.   Exercise Price. The exercise price of each Warrant is $1.20 per
          --------------
Warrant Share, subject to adjustment as set forth in Section 5 below (the
"Exercise Price").

     5.   Adjustments of Exercise Price and Number of Warrant Shares.
          ----------------------------------------------------------

          5.1  Subdivision and Combination.  In case the Company shall at any
               ---------------------------
time subdivide or combine the outstanding shares of Common Stock, the Exercise
Price shall forthwith be proportionately decreased in the case of subdivision or
increased in the case of combination.

                                      -2-
<PAGE>

          5.2  Adjustment in Number of Warrant Shares.  Upon each adjustment of
               --------------------------------------
the Exercise Price pursuant to the provisions of this Section 5, the number of
Warrant Shares issuable upon the exercise of each Warrant shall be adjusted to
the nearest full Warrant Share by multiplying a number equal to the Exercise
Price in effect immediately prior to such adjustment by the number of Warrant
Shares issuable upon exercise of the Warrants immediately prior to such
adjustment and dividing the product so obtained by the adjusted Exercise Price.

          5.3  Reclassification, Consolidation, Merger, etc.  In case of any
               --------------------------------------------
reclassification or change of the outstanding shares of Common Stock (other than
a change in par value to no par value, or from no par value to par value, or as
a result of a subdivision or combination), or in the case of any consolidation
of the Company with, or merger of the Company into, another corporation (other
than a consolidation or merger in which the Company is the surviving corporation
and which does not result in any reclassification or change of the outstanding
shares of Common Stock, except a change as a result of a subdivision or
combination of such shares or a change in par value, as aforesaid), or in the
case of a sale or conveyance to another corporation of the property of the
Company as an entirety, the Holders shall thereafter have the right to purchase
the kind and number of shares of stock and other securities and property
receivable upon such reclassification, change, consolidation, merger, sale or
conveyance as if the Holders were the owners of the Warrant Shares underlying
the Warrants immediately prior to any such events at a price equal to the
product of (x) the number of Warrant Shares issuable upon exercise of the
Holder's Warrants and (y) the Exercise Price in effect immediately prior to the
record date for such reclassification, change, consolidation, merger, sale or
conveyance as if such Holders had exercised the Warrants.

     6.   Exchange and Replacement of Warrant Certificate. This Warrant
          -----------------------------------------------
Certificate is exchangeable without expense, upon the surrender hereof by the
registered Holder at the principal executive office of the Company, for a new
Warrant Certificate of like tenor and date representing in the aggregate the
right to purchase the same number of Warrant Shares in such denominations as
shall be designated by the Holder hereof at the time of such surrender.

        Upon receipt by the Company of evidence reasonably satisfactory to it of
the loss, theft, destruction or mutilation of this Warrant Certificate, and, in
case of loss, theft or destruction, of indemnity or security reasonably
satisfactory to it, and reimbursement to the Company of all reasonable expenses
incidental thereto, and upon surrender and cancellation of the Warrant
Certificate, if mutilated, the Company will make and deliver a new Warrant
Certificate of like tenor, in lieu hereof.

     7.   Fractional Warrant Shares. No fractional Warrant Shares will be issued
          -------------------------
upon the exercise of the Warrants. As to any fraction of a Warrant Share which
the Holder would otherwise be entitled to purchase upon such exercise, the
Company shall pay to such Holder the cash value thereof.

     8.   Reservation of Shares. The Company shall at all times reserve and keep
          ---------------------
available out of its authorized shares of Common Stock, solely for the purpose
of issuance upon the exercise of the Warrants, such number of Warrant Shares as
shall be issuable upon the exercise thereof.  The Company covenants and agrees
that, upon exercise of the Warrants and payment of the Exercise Price therefor,
all Warrant Shares issuable upon such exercise shall be

                                      -3-
<PAGE>

duly and validly issued, fully paid, non-assessable and not subject to the
preemptive rights of any shareholder.

     9.   Rights Prior to Exercise of Warrants. Nothing contained in this
          ------------------------------------
Warrant Certificate shall be construed as conferring upon the Holder the right
to vote or to consent or to receive notice as a shareholder in respect of any
meetings of shareholders for the election of directors or any other matter, or
as having any rights whatsoever as a shareholder of the Company. If, however, at
any time prior to the expiration of the Warrants and their exercise, any of the
following events shall occur:

                    (a)  the Company shall take a record of the holders of its
               Common Stock for the purpose of entitling them to receive a
               dividend or distribution payable otherwise than in cash, or a
               cash dividend or distribution payable otherwise than out of
               current or retained earnings, as indicated by the accounting
               treatment of such dividend or distribution on the books of the
               Company; or

                    (b)  the Company shall offer to all the holders of its
               Common Stock any additional shares of Common Stock or other
               shares of capital stock of the Company or securities convertible
               into or exchangeable for Common Stock or other shares of capital
               stock of the Company, or any option, right or warrant to
               subscribe therefor;

                    (c)  a dissolution, liquidation or winding up of the Company
               (other than in connection with a consolidation or merger) or a
               sale of all or substantially all of its property, assets and
               business as an entirety shall be proposed; or

                    (d)  the Company or an affiliate of the Company shall
               propose to issue any rights to subscribe for shares of Common
               Stock or any other securities of the Company or of such affiliate
               to all the shareholders of the Company;

then, in any one or more of said events, the Company shall give written notice
of such event at least ten (10) days prior to the date fixed as a record date or
the date of closing the transfer books for the determination of the shareholders
entitled to such dividend, distribution, convertible or exchangeable securities
or subscription rights, options or warrants, or entitled to vote on such
proposed dissolution, liquidation, winding up or sale. Such notice shall specify
such record date or the date of closing the transfer books, as the case may be.
Failure to give such notice or any defect therein shall not affect the validity
of any action taken in connection with the declaration or payment of any such
dividend or distribution, or the issuance of any convertible or exchangeable
securities or subscription rights, options or warrants, or any proposed
dissolution, liquidation, winding up or sale.

     10.  Registration Rights. If, at any time prior to the Expiration Date, the
          -------------------
Company proposes to prepare and file one or more registration statements
covering any of the equity or debt securities of the Company held by the Company
or any of its shareholders on a form for which it would be appropriate to
include the Piggyback Securities (as hereinafter defined), in

                                      -4-
<PAGE>

such case other than pursuant to Form S-8 or Form S-4 or successor forms
(collectively, a "Registration Statement"), it will give written notice of its
intention to do so by registered mail ("Notice"), at least ten (10) days prior
to the filing of each such Registration Statement, to each Holder.

          Upon the written request of a Holder, made within ten (10) days after
receipt of the Notice, that the Company include all or a portion of the Warrant
Shares then beneficially held by such Holder ("Piggyback Securities") in the
proposed Registration Statement (each such Holder, a "Requesting Holder"), the
Company shall include the Piggyback Securities in the Registration Statement, at
the Company's sole expense (other than any underwriting discounts and expense
allowance relating to the Piggyback Securities and any broker's commissions and
fees).  However, if, in the written opinion of the Company's managing
underwriter, if any, for the offering evidenced by such Registration Statement,
the inclusion of all or a portion of the Piggyback Securities, when added to the
securities being registered, will exceed the maximum amount of the Company's
securities which can be marketed either (i) at a price reasonably related to
their then-current market value or (ii) without otherwise materially adversely
affecting the entire offering, then the Company may exclude from such offering
all or a portion of the Piggyback Securities.

          If securities are proposed to be offered for sale pursuant to such
Registration Statement by other security holders of the Company and the total
number of securities to be offered by the Requesting Holders and such other
selling security holders is required to be reduced pursuant to a request from
the managing underwriter (which request shall be made only for the reasons and
in the manner set forth above), the aggregate number of Piggyback Securities to
be offered by Requesting Holders pursuant to such Registration Statement shall
equal the number which bears the same ratio to the maximum number of securities
that the underwriter believes may be included for all the selling security
holders (including the Requesting Holders), after all securities requested to be
included by selling securityholders exercising demand registration rights to
include their securities (the "Demand Holders") are included in such
Registration Statement, as the original number of Piggyback Securities proposed
to be sold by the Requesting Holders bears to the total original number of
securities proposed to be offered by the Requesting Holders and the other
selling security holders (other than the Demand Holders).

          Anything herein contained to the contrary notwithstanding, the Company
shall have the right at any time after it shall have given written notice
pursuant to this Section 10 (irrespective of whether any written request for
inclusion of Piggyback Securities shall have already been made) to elect not to
file any such proposed Registration Statement or to withdraw the same after its
filing but prior to the effective date thereof, and the provisions of this
Section 10 shall not apply to Warrant Shares after they have been sold pursuant
to an effective Registration Statement under the Securities Act or pursuant to
Rule 144 of the General Rules and Regulations promulgated under the Securities
Act.

     11.  Transferability.  This Warrant Certificate is not transferable by the
          ---------------
Holder at any time without the prior written consent of the Company, except that
Grand Cheer may assign all or a part of the Warrants represented by this Warrant
Certificate to its officers.  Any assignment by the Holder shall be effected by
presentation and surrender of this Warrant together with the duly executed
Assignment Form annexed hereto and, unless the Company's prior written consent
has been obtained, written certification by Grand Cheer that the assignee is an
officer of Grand Cheer.

                                      -5-
<PAGE>

     12.  Notices.  All notices, requests, consents and other communications
          -------
hereunder shall be in writing and shall be deemed to have been duly made when
delivered, or mailed by registered or certified mail, return receipt requested:

          (a)  If to a registered Holder of the Warrants, to the address of such
Holder as shown on the books of the Company; or

          (b)  If to the Company, to the address set forth in Section 1 above or
to such other address as the Company may designate by notice to the Holder.

     13.  Governing Law. This Warrant Certificate and any dispute, disagreement,
          -------------
or issue of construction or interpretation arising hereunder whether relating to
its execution or validity, the obligations provided herein or the performance
hereof shall be governed or interpreted according to the laws of the State of
Florida without regard to its conflicts of laws provisions.

     IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be
duly executed under its corporate seal on the date first written above.

                                      TURBOCHEF TECHNOLOGIES, INC.

[SEAL]                                By:_______________________________________
                                         Richard Caron,
                                         President and Chief Executive Officer

                                      -6-
<PAGE>

                        [FORM OF ELECTION TO PURCHASE]

          The undersigned hereby irrevocably elects to exercise the right,
represented by this Warrant Certificate, to purchase _________ shares of Common
Stock and herewith tenders in payment for such shares cash or a certified or
official bank check payable in New York Clearing House Funds to the order of
TurboChef Technologies, Inc. the amount of $ _____, all in accordance with the
terms hereof.  The undersigned requests that a certificate for such shares be
registered in the name of ___________________, whose address is
________________________
_____________________________, And that such Certificate be delivered to
______________________, whose address is
______________________________________________________________.

Dated:                   Signature: ____________

                              (Signature must conform in all respects to name of
                                holder as specified on the face of the Warrant
                                Certificate.)

                     ____________________________________
                     ____________________________________
                       (Insert Social Security or other
                         Identifying Number of Holder)
<PAGE>

                             [FORM OF ASSIGNMENT]

            (To be executed by the registered holder if such holder
                 Desires to transfer the Warrant Certificate.)

          FOR VALUE RECEIVED _________________

Hereby sells, assigns and transfers unto

____________________________________________________________________________
                (Please prints name and address of transferee)

This Warrant Certificate, together with all right, title and interest therein,

and does hereby irrevocably constitute and appoint _______________, Attorney, to

transfer the within Warrant Certificate on the books of the within-named

Company, with full power of substitution.

Dated:                   Signature: ___________

                              Signature must conform in all respects to name of
                              holder as specified on the face of the Warrant
                              Certificate)

                              (Insert Social Security or other
                               Identifying Number of Holder)

________________________________

________________________________
(Insert Social Security or other
Identifying Number of Assignee)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}]]