Document:

Exhibit
      4.4

     

    THE
      REGISTERED HOLDER OF THIS PURCHASE OPTION BY ITS ACCEPTANCE HEREOF, AGREES
      THAT
      IT WILL NOT SELL, TRANSFER OR ASSIGN THIS PURCHASE OPTION EXCEPT AS HEREIN
      PROVIDED AND THE REGISTERED HOLDER OF THIS PURCHASE OPTION AGREES THAT IT WILL
      NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS PURCHASE OPTION FOR
      A
      PERIOD OF ONE YEAR FOLLOWING THE EFFECTIVE DATE (DEFINED BELOW) TO ANYONE OTHER
      THAN (I) AN UNDERWRITER OR A SELECTED DEALER IN CONNECTION WITH THE OFFERING,
      OR
      (II) A BONA FIDE OFFICER OR PARTNER OF CGF OR OF ANY SUCH UNDERWRITER OR
      SELECTED DEALER.

     

    THIS
      PURCHASE OPTION IS NOT EXERCISABLE PRIOR TO THE LATER OF THE CONSUMMATION BY
      RESTAURANT ACQUISITION PARTNERS, INC. (THE “COMPANY”)
      OF A
      BUSINESS COMBINATION (AS DESCRIBED MORE FULLY IN THE COMPANY’S REGISTRATION
      STATEMENT (DEFINED HEREIN)) AND DECEMBER 20, 2007. VOID AFTER 5:00 P.M. NEW
      YORK
      CITY LOCAL TIME, DECEMBER 20, 2011.

     

    UNIT
      PURCHASE OPTION

     

    FOR
      THE PURCHASE OF

     

    105,000
      UNITS

     

    OF

     

    RESTAURANT
      ACQUISITION PARTNERS, INC.

     

    1. Purchase
      Option.

     

    THIS
      CERTIFIES THAT, in consideration of a total of $100.00 duly paid by or on behalf
      of Capital Growth Financial, LLC (“Holder”
or
      “CGF”),
      as
      registered owner of this Purchase Option, to Restaurant Acquisition Partners,
      Inc. (“Company”), Holder is entitled, at any time or from time to time upon the
      later of the consummation of a Business Combination (as defined in the
      Registration Statement) and December 20, 2007 (“Commencement
      Date”),
      and
      at or before 5:00 p.m., New York City local time, December 20, 2011
      (“Expiration
      Date”),
      but
      not thereafter, to subscribe for, purchase and receive, in whole or in part,
      up
      to a total of one hundred five thousand (105,000) units (“Units”)
      of the
      Company, each Unit consisting of one share of common stock of the Company,
      par
      value $0.0001 per share (“Common
      Stock”),
      and
      two warrants (“Warrant(s)”)
      expiring four years from the effective date (“Effective
      Date”)
      of the
      registration statement (“Registration
      Statement”)
      pursuant to which Units are offered for sale to the public (“Offering”).
      Each
      Warrant shall be substantially the same (other than the exercise price thereof
      and the “cashless exercise provisions” thereof) as the warrants included in the
      Units being registered for sale to the public by way of the Registration
      Statement (“Public
      Warrants”).
      If
      the Expiration Date is a day on which banking institutions are authorized by
      law
      to close, then this Purchase Option may be exercised on the next succeeding
      day
      which is not such a day in accordance with the terms herein. During the period
      ending on the Expiration Date, the Company agrees not to take any action that
      would terminate this Purchase Option. This Purchase Option is initially
      exercisable at $7.20 per Unit so purchased; provided, however, that upon the
      occurrence of any of the events specified in Section 6 hereof, the rights
      granted by this Purchase Option, including the exercise price per Unit and
      the
      number of Units (and shares of Common Stock and Warrants) to be received upon
      such exercise, shall be adjusted as therein specified. The term “Exercise
      Price”
shall
      mean the initial exercise price or the adjusted exercise price, depending on
      the
      context.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2. Exercise.

     

    2.1
      Exercise Form. In order to exercise this Purchase Option, the exercise
      form attached hereto must be duly executed and completed and delivered to the
      Company, together with this Purchase Option and payment of the Exercise Price
      for the Units being purchased payable in cash or by certified check or official
      bank check. If the subscription rights represented hereby shall not be exercised
      at or before 5:00 p.m., New York City local time, on the Expiration Date this
      Purchase Option shall become and be void without further force or effect, and
      all rights represented hereby shall cease and expire.

     

    2.2 Legend.
      Each certificate for the securities purchased under this Purchase Option shall
      bear a legend as follows unless such securities have been registered under
      the
      Securities Act of 1933, as amended (“Act”):

     

    “The
      securities represented by this certificate have not been registered under the
      Securities Act of 1933, as amended (“Act”),
      or
      applicable state law. The securities may not be offered for sale, sold or
      otherwise transferred except pursuant to an effective registration statement
      under the Act, or pursuant to an exemption from registration under the Act
      and
      applicable state law.”

     

    2.3 Cashless
      Exercise.

     

    2.3.1 Determination
      of Amount.
      In lieu
      of the payment of the Exercise Price multiplied by the number of Units for
      which
      this Purchase Option is exercisable (and in lieu of being entitled to receive
      Common Stock and Warrants) in the manner required by Section 2.1, the Holder
      shall have the right (but not the obligation) to convert any exercisable but
      unexercised portion of this Purchase Option into Units (“Conversion
      Right”)
      as
      follows: upon exercise of the Conversion Right, the Company shall deliver to
      the
      Holder (without payment by the Holder of any of the Exercise Price in cash)
      that
      number of Units (or that number of shares of Common Stock and Warrants
      comprising that number of Units) equal to the quotient obtained by dividing
      (x)
      the “Value” (as defined below) of the portion of the Purchase Option being
      converted by (y) the Current Market Value (as defined below). The “Value” of the
      portion of the Purchase Option being converted shall equal the remainder derived
      from subtracting (a) (i) the Exercise Price multiplied by (ii) the number of
      Units underlying the portion of this Purchase Option being converted from (b)
      the Current Market Value of a Unit multiplied by the number of Units underlying
      the portion of the Purchase Option being converted. As used herein, the term
      “Current Market Value” per Unit at any date means: (A) in the event that neither
      the Units nor Public Warrants are still trading, the remainder derived from
      subtracting (x) the exercise price of the Warrants multiplied by the number
      of
      shares of Common Stock issuable upon exercise of the Warrants underlying one
      Unit from (y) (i) the Current Market Price of the Common Stock multiplied by
      (ii) the number of shares of Common Stock underlying one Unit, which shall
      include the shares of Common Stock underlying the Warrants included in such
      Unit; (B) in the event that the Units, Common Stock and Public Warrants are
      still trading, (i) if the Units are listed on a national securities exchange
      or
      quoted on the Nasdaq National Market, Nasdaq SmallCap Market or NASD OTC
      Bulletin Board (or successor exchange), the last sale price of the Units in
      the
      principal trading market for the Units as reported by the exchange, Nasdaq
      or
      the NASD, as the case may be, on the last trading day preceding the date in
      question; or (ii) if the Units are not listed on a national securities exchange
      or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or the NASD
      OTC
      Bulletin Board (or successor exchange), but is traded in the residual
      over-the-counter market, the closing bid price for Units on the last trading
      day
      preceding the date in question for which such quotations are reported by the
      Pink Sheets, LLC or similar publisher of such quotations; and (C) in the event
      that the Units are not still trading but the Common Stock and Public Warrants
      underlying the Units are still trading, the Current Market Price of the Common
      Stock plus the product of (x) the Current Market Price of the Public Warrants
      and (y) the number of shares of Common Stock underlying the Warrants included
      in
      one Unit. The “Current Market Price” shall mean (i) if the Common Stock (or
      Public Warrants, as the case may be) is listed on a national securities exchange
      or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or NASD OTC
      Bulletin Board (or successor exchange), the last sale price of the Common Stock
      (or Public Warrants) in the principal trading market for the Common Stock as
      reported by the exchange, Nasdaq or the NASD, as the case may be, on the last
      trading day preceding the date in question; (ii) if the Common Stock (or Public
      Warrants, as the case may be) is not listed on a national securities exchange
      or
      quoted on the Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC
      Bulletin Board (or successor exchange), but is traded in the residual
      over-the-counter market, the closing bid price for the Common Stock (or Public
      Warrants) on the last trading day preceding the date in question for which
      such
      quotations are reported by the Pink Sheets, LLC or similar publisher of such
      quotations; and (iii) if the fair market value of the Common Stock cannot be
      determined pursuant to clause (i) or (ii) above, such price as the Board of
      Directors of the Company shall determine, in good faith. In the event the Public
      Warrants have expired and are no longer exercisable, no “Value” shall be
      attributed to the Warrants underlying this Purchase Option. Additionally, in
      the
      event that this Purchase Option is exercised pursuant to this Section 2.3 and
      the Public Warrants are still trading, the “Value” shall be reduced by the
      difference between the Warrant Exercise Price and the exercise price of the
      Public Warrants multiplied by the number of Warrants underlying the Units
      included in the portion of this Purchase Option being converted.

     

    
      
        
        

      

      
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    2.3.2 Mechanics
      of Cashless Exercise.
      The
      Cashless Exercise Right may be exercised by the Holder on any business day
      on or
      after the Commencement Date and not later than the Expiration Date by delivering
      the Purchase Option with the duly executed exercise form attached hereto with
      the cashless exercise section completed to the Company, exercising the Cashless
      Exercise Right and specifying the total number of Units the Holder will purchase
      pursuant to such Cashless Exercise Right.

     

    2.4
No
      Obligation to Net Cash Settle. Notwithstanding anything to the contrary
      contained in this Purchase Option, in no event will the Company net cash settle
      the exercise of the Purchase Option or the Warrants underlying the Purchase
      Option. The holder of the Purchase Option and the Warrants underlying the
      Purchase Option may not exercise the Purchase Option or the Warrants underlying
      such Purchase Option unless a registration statement is effective with respect
      to the Common Stock underlying the Public Warrants and, if the holder is not
      able to exercise the Purchase Option or underlying Warrants prior to their
      expiration, the Purchase Option and/or the underlying Warrants, as applicable,
      will expire worthless.

     

    
      
        
        

      

      
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    3. Transfer.

     

    3.1
      General Restrictions. The registered Holder of this Purchase Option, by
      its acceptance hereof, agrees that it will not sell, transfer, assign, pledge
      or
      hypothecate this Purchase Option for a period of one year following the
      Effective Date to anyone other than (i) CGF or an underwriter or a selected
      dealer in connection with the Offering or (ii) a bona fide officer or partner
      of
      CGF or of any such underwriter or selected dealer. On and after the first
      anniversary of the Effective Date, transfers to others may be made subject
      to
      compliance with or exemptions from applicable securities laws. In order to
      make
      any permitted assignment, the Holder must deliver to the Company the assignment
      form attached hereto duly executed and completed, together with this Purchase
      Option and payment of all transfer taxes, if any, payable in connection
      therewith. The Company shall within five business days transfer this Purchase
      Option on the books of the Company and shall execute and deliver a new Purchase
      Option or Purchase Options of like tenor to the appropriate assignee(s)
      expressly evidencing the right to purchase the aggregate number of Units
      purchasable hereunder or such portion of such number as shall be contemplated
      by
      any such assignment.

     

    3.2
      Restrictions Imposed by the Act. The securities evidenced by this
      Purchase Option shall not be transferred unless and until (i) the Company has
      received the opinion of counsel for the Holder that the securities may be
      transferred pursuant to an exemption from registration under the Act and
      applicable state securities laws, the availability of which is established
      to
      the reasonable satisfaction of the Company (the Company hereby agreeing that
      the
      opinion of Pillsbury Winthrop Shaw Pittman LLP shall be deemed satisfactory
      evidence of the availability of an exemption), or (ii) a registration statement
      or a post-effective amendment to the Registration Statement relating to such
      securities has been filed by the Company and declared effective by the
      Securities and Exchange Commission (the “Commission”)
      and
      compliance with applicable state securities law has been established. The
      Company agrees that prior to the Commencement Date, it shall file with the
      Commission a post-effective amendment to the Registration Statement, or a new
      registration statement, for the registration, under the Act, of, and it shall
      take such action as is necessary to qualify for sale, in those states in which
      the Warrants were initially offered by the Company, the Common Stock issuable
      upon exercise of the Warrants. In either case, the Company will use its best
      efforts to cause the same to become effective and to maintain the effectiveness
      of such registration statement until the expiration or redemption of the
      Warrants in accordance with the provisions of this Agreement. The provisions
      of
      this paragraph may not be modified, amended or deleted without the prior written
      consent of CGF.

     

    4. New
      Purchase Options to be Issued.

     

    4.1
      Partial Exercise or Transfer. Subject to the restrictions in Section 3
      hereof, this Purchase Option may be exercised or assigned in whole or in part.
      In the event of the exercise or assignment hereof in part only, upon surrender
      of this Purchase Option for cancellation, together with the duly executed
      exercise or assignment form and funds sufficient to pay any Exercise Price
      and/or transfer tax, the Company shall cause to be delivered to the Holder
      without charge a new Purchase Option of like tenor to this Purchase Option
      in
      the name of the Holder evidencing the right of the Holder to purchase the number
      of Units purchasable hereunder as to which this Purchase Option has not been
      exercised or assigned.

     

    
      
        
        

      

      
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    4.2
      Lost Certificate. Upon receipt by the Company of evidence satisfactory to
      it of the loss, theft, destruction or mutilation of this Purchase Option and
      of
      reasonably satisfactory indemnification or the posting of a bond, the Company
      shall execute and deliver a new Purchase Option of like tenor and date. Any
      such
      new Purchase Option executed and delivered as a result of such loss, theft,
      mutilation or destruction shall constitute a substitute contractual obligation
      on the part of the Company.

     

    5. Warrant
      Redemption.

     

    Notwithstanding
      anything to the contrary contained herein or in that certain Warrant Agreement,
      dated as of December 15, 2006, between the Company and Continental Stock
      Transfer & Trust Company, as Warrant Agent (the “Warrant
      Agreement”),
      (i)
      this Purchase Option shall, to the extent not earlier exercised in full, be
      automatically exercised, immediately prior to a redemption of the Company’s
      outstanding warrants pursuant to Section 6 of the Warrant Agreement (provided
      that notice is provided to the Holder on the same terms as provided to the
      holders of Warrants pursuant to the Warrant Agreement), and (ii) each Warrant
      that is part of a Unit issued hereunder upon such automatic conversion shall
      be
      redeemed by the Company as part of such redemption for the Redemption
      Price.

     

    As
      provided in the Warrant Agreement, the Company may not issue or deliver any
      securities pursuant to the exercise of a Warrant and may not settle the Warrant
      exercise unless a registration statement under the Act with respect to the
      Common Stock underlying the Public Warrants is effective. In the event that
      a
      registration statement with respect to the Common Stock underlying the Public
      Warrants is not effective under the Act, no holder of any Warrant shall be
      entitled to exercise such Warrant and such Warrant may have no value and expire
      worthless. In no event may the Company net cash settle the warrant exercise.
      Warrants may not be exercised by, or securities issued to, any registered holder
      in any state in which such exercise would be unlawful. In the event that a
      registration statement is not effective for the exercised Warrants, the
      purchaser of a unit containing such Warrant will have paid the full purchase
      price for the unit solely for the shares included in such unit.

     

    6. Adjustments.

     

    6.1
      Adjustments to Exercise Price and Number of Securities. The Exercise
      Price and the number of Units underlying this Purchase Option shall be subject
      to adjustment from time to time as hereinafter set forth:

     

    6.1.1 Stock
      Dividends—Split-Ups.
      If
      after the date hereof, and subject to the provisions of Section 6.3 below,
      the
      number of outstanding shares of Common Stock is increased by a stock dividend
      payable in shares of Common Stock or by a split-up of shares of Common Stock
      or
      other similar event, then, on the effective date thereof, the number of shares
      of Common Stock underlying each of the Units purchasable hereunder shall be
      increased in proportion to such increase in outstanding shares. In such case,
      the number of shares of Common Stock, and the exercise price applicable thereto,
      underlying the Warrants underlying each of the Units purchasable hereunder
      shall
      be adjusted in accordance with the terms of the Warrants (even though such
      Warrants shall not yet have been issued). For example, if the Company declares
      a
      two-for-one stock dividend and at the time of such dividend this Purchase Option
      is for the purchase of one Unit at $7.20 per whole Unit (and each Warrant
      underlying the Units is exercisable for $6.00 per share), upon effectiveness
      of
      the dividend, this Purchase Option will be adjusted to allow for the purchase
      of
      one Unit at $7.20 per Unit, each Unit entitling the holder to receive two shares
      of Common Stock and four Warrants (each Warrant exercisable for $3.00 per
      share).

     

    
      
        
        

      

      
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    6.1.2 Aggregation
      of Shares.
      If
      after the date hereof, and subject to the provisions of Section 6.3, the number
      of outstanding shares of Common Stock is decreased by a consolidation,
      combination or reclassification of shares of Common Stock or other similar
      event, then, on the effective date thereof, the number of shares of Common
      Stock
      underlying each of the Units purchasable hereunder shall be decreased in
      proportion to such decrease in outstanding shares. In such case, the number
      of
      shares of Common Stock, and the exercise price applicable thereto, underlying
      the Warrants underlying each of the Units purchasable hereunder shall be
      adjusted in accordance with the terms of the Warrants (even though such Warrants
      shall not yet have been issued).

     

    6.1.3 Replacement
      of Securities upon Reorganization, etc.
      In case
      of any reclassification or reorganization of the outstanding shares of Common
      Stock other than a change covered by Section 6.1.1 or 6.1.2 hereof or that
      solely affects the par value of such shares of Common Stock, or in the case
      of
      any merger or consolidation of the Company with or into another corporation
      (other than a consolidation or merger in which the Company is the continuing
      corporation and that does not result in any reclassification or reorganization
      of the outstanding shares of Common Stock), or in the case of any sale or
      conveyance to another corporation or entity of the property of the Company
      as an
      entirety or substantially as an entirety in connection with which the Company
      is
      dissolved, the Holder of this Purchase Option shall have the right thereafter
      (until the expiration of the right of exercise of this Purchase Option) to
      receive upon the exercise hereof, for the same aggregate Exercise Price payable
      hereunder immediately prior to such event, the kind and amount of shares of
      stock or other securities or property (including cash) receivable upon such
      reclassification, reorganization, merger or consolidation, or upon a dissolution
      following any such sale or transfer, by a Holder of the number of shares of
      Common Stock of the Company obtainable upon exercise of this Purchase Option
      and
      the underlying Warrants immediately prior to such event; and if any
      reclassification also results in a change in shares of Common Stock covered
      by
      Section 6.1.1 or 6.1.2, then such adjustment shall be made pursuant to Sections
      6.1.1, 6.1.2 and this Section 6.1.3. The provisions of this Section 6.1.3 shall
      similarly apply to successive reclassifications, reorganizations, mergers or
      consolidations, sales or other transfers.

     

    6.1.4 Changes
      in Form of Purchase Option.
      This
      form of Purchase Option need not be changed because of any change pursuant
      to
      this Section, and Purchase Options issued after such change may state the same
      Exercise Price and the same number of Units as are stated in the Purchase
      Options initially issued pursuant to this Agreement. The acceptance by any
      Holder of the issuance of new Purchase Options reflecting a required or
      permissive change shall not be deemed to waive any rights to an adjustment
      occurring after the Commencement Date or the computation thereof.

     

    
      
        
        

      

      
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    6.2
      Substitute Purchase Option. In case of any consolidation of the Company
      with, or merger of the Company with, or merger of the Company into, another
      corporation (other than a consolidation or merger which does not result in
      any
      reclassification or change of the outstanding Common Stock), the corporation
      formed by such consolidation or merger shall execute and deliver to the Holder
      a
      supplemental Purchase Option providing that the holder of each Purchase Option
      then outstanding or to be outstanding shall have the right thereafter (until
      the
      stated expiration of such Purchase Option) to receive, upon exercise of such
      Purchase Option, the kind and amount of shares of stock and other securities
      and
      property receivable upon such consolidation or merger, by a holder of the number
      of shares of Common Stock of the Company for which such Purchase Option might
      have been exercised immediately prior to such consolidation, merger, sale or
      transfer. Such supplemental Purchase Option shall provide for adjustments which
      shall be identical to the adjustments provided in Section 6. The above provision
      of this Section shall similarly apply to successive consolidations or
      mergers.

     

    6.3
      Elimination of Fractional Interests. The Company shall not be required to
      issue certificates representing fractions of shares of Common Stock or Warrants
      upon the exercise of this Purchase Option, nor shall it be required to issue
      scrip or pay cash in lieu of any fractional interests, it being the intent
      of
      the parties that all fractional interests shall be eliminated by rounding any
      fraction up or down to the nearest whole number of Warrants, shares of Common
      Stock or other securities, properties or rights.

     

    7. Reservation
      and Listing.

     

    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 exercise of
      this
      Purchase Option or the Warrants underlying this Purchase Option, such number
      of
      shares of Common Stock or other securities, properties or rights as shall be
      issuable upon the exercise thereof. The Company covenants and agrees that,
      upon
      exercise of this Purchase Option and payment of the Exercise Price therefor,
      all
      shares of Common Stock and other securities issuable upon such exercise shall
      be
      duly and validly issued, fully paid and non-assessable and not subject to
      preemptive rights of any stockholder. The Company further covenants and agrees
      that upon exercise of the Warrants underlying this Purchase Option and payment
      of the respective Warrant exercise price therefor, all shares of Common Stock
      and other securities issuable upon such exercise shall be duly and validly
      issued, fully paid and non-assessable and not subject to preemptive rights
      of
      any stockholder. As long as this Purchase Option shall be outstanding, the
      Company shall use its best efforts to cause all (i) Units issuable upon exercise
      of this Purchase Option, (ii) shares of Common Stock included in the Units
      issuable upon exercise of this Purchase Option, (iii) Warrants included in
      the
      Units issuable upon exercise of this Purchase Option and (iv) shares of Common
      Stock issuable upon exercise of the Warrants included in the Units issuable
      upon
      exercise of this Purchase Option to be listed (subject to official notice of
      issuance) on all securities exchanges (or, if applicable on the Nasdaq National
      Market, SmallCap Market, OTC Bulletin Board or any successor trading market)
      on
      which the Units, the Common Stock or the Public Warrants issued to the public
      in
      connection herewith may then be listed and/or quoted.

     

    
      
        
        

      

      
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    8. Certain
      Notice Requirements.

     

    8.1
      Holder’s Right to Receive Notice. Nothing herein shall be construed as
      conferring upon the Holders the right to vote or consent as a stockholder for
      the election of directors or any other matter, or as having any rights
      whatsoever as a stockholder of the Company. If, however, at any time prior
      to
      the expiration of this Purchase Option and its exercise, any of the events
      described in Section 8.2 shall be proposed, then, in one or more of said events,
      the Company shall give written notice of such event at least fifteen days prior
      to the date fixed as a record date or the date of closing the transfer books
      for
      the determination of the stockholders entitled to such dividend, distribution,
      conversion or exchange of securities or subscription rights, or entitled to
      vote
      on (or notice of) such proposed dissolution, liquidation, winding up or sale,
      or
      entitled to such notice of redemption pursuant to Section 5 hereof. Such notice
      shall specify such record date or the date of the closing of the transfer books,
      as the case may be. Notwithstanding the foregoing, the Company shall deliver
      to
      each Holder a copy of each notice given to the other stockholders of the Company
      at the same time and in the same manner that such notice is given to the
      stockholders.

     

    8.2
      Events Requiring Notice. The Company shall be required to give the notice
      described in this Section 8 upon one or more of the following events: (i) if
      the
      Company shall take a record of the holders of its shares of 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 retained earnings, as indicated by the accounting treatment of
      such
      dividend or distribution on the books of the Company, (ii) the Company shall
      offer to all the holders of its Common Stock any additional shares of capital
      stock of the Company or securities convertible into or exchangeable for shares
      of capital stock of the Company, or any option, right or warrant to subscribe
      therefor, (iii) 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 shall be proposed, (iv)
      if the Company shall delivery a notice to holders of the warrants of a
      redemption pursuant to Section 6.2 of the Warrant Agreement or (v) if the
      Company shall deliver a notice to the Holder pursuant to Section 5 of this
      Purchase Option.

     

    8.3
      Notice of Change in Exercise Price. The Company shall, promptly after an
      event requiring a change in the Exercise Price pursuant to Section 6 hereof,
      send notice to the Holders of such event and change (“Price
      Notice”).
      The
      Price Notice shall describe the event causing the change and the method of
      calculating same and shall be certified as being true and accurate by the
      Company’s President and Chief Executive Officer.

     

    8.4
      Transmittal of Notices. All notices, requests, consents and other
      communications under this Purchase Option shall be in writing and shall be
      deemed to have been duly made when hand delivered, or mailed by express mail
      or
      private courier service: (i) if to the registered Holder of this Purchase
      Option, to the address of such Holder as shown on the books of the Company,
      with
      a copy to:

     

    Greenberg
      Traurig, P.A.

    777
      South
      Flagler Drive

    Suite
      300
      East

    West
      Palm
      Beach, Florida 33401

    Attention:
      Morris C. Brown, Esq.

     

    
      
        
        

      

      
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    or
      (ii)
      if to the Company, to the following address or to such other address as the
      Company may designate by notice to the Holders:

     

    Restaurant
      Acquisition Partners, Inc.

    5950
      Hazeltine National Drive, Suite 290

    Orlando,
      Florida 32822

    Attention:
      Christopher R. Thomas

    

    With
      a
      copy to:

     

    Pillsbury
      Winthrop Shaw Pittman LLP

    1540
      Broadway

    New
      York,
      New York 10036

    Attn:
      Ronald A. Fleming, Jr., Esq.

    

    9. Miscellaneous.

     

    9.1
      Amendments. The Company and CGF may from time to time supplement or amend
      this Purchase Option without the approval of any of the Holders in order to
      cure
      any ambiguity, to correct or supplement any provision contained herein that
      may
      be defective or inconsistent with any other provisions herein, or to make any
      other provisions in regard to matters or questions arising hereunder that the
      Company and CGF may deem necessary or desirable and that the Company and CGF
      deem shall not adversely affect the interest of the Holders. All other
      modifications or amendments shall require the written consent of and be signed
      by the party against whom enforcement of the modification or amendment is
      sought.

     

    9.2
      Headings. The headings contained herein are for the sole purpose of
      convenience of reference, and shall not in any way limit or affect the meaning
      or interpretation of any of the terms or provisions of this Purchase
      Option.

     

    9.3
      Entire Agreement. This Purchase Option (together with the other
      agreements and documents being delivered pursuant to or in connection with
      this
      Purchase Option) constitutes the entire agreement of the parties hereto with
      respect to the subject matter hereof, and supersedes all prior agreements and
      understandings of the parties, oral and written, with respect to the subject
      matter hereof.

     

    9.4
      Binding Effect. This Purchase Option shall inure solely to the benefit of
      and shall be binding upon, the Holder and the Company and their permitted
      assignees, respective successors, legal representative and assigns, and no
      other
      person shall have or be construed to have any legal or equitable right, remedy
      or claim under or in respect of or by virtue of this Purchase Option or any
      provisions herein contained.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    9.5
      Governing Law; Submission to Jurisdiction. This Purchase Option shall be
      governed by and construed and enforced in accordance with the laws of the State
      of New York, without giving effect to conflict of laws. The Company hereby
      agrees that any action, proceeding or claim against it arising out of, or
      relating in any way to this Purchase Option may be brought and enforced in
      the
      courts of the State of New York or of the United States of America for the
      Southern District of New York, and irrevocably submits to such jurisdiction.
      Any
      process or summons to be served upon the Company may be served by transmitting
      a
      copy thereof by registered or certified mail, return receipt requested, postage
      prepaid, addressed to it at the address set forth in Section 8 hereof. Such
      mailing shall be deemed personal service and shall be legal and binding upon
      the
      Company in any action, proceeding or claim. The Company and the Holder agree
      that the prevailing party(ies) in any such action shall be entitled to recover
      from the other party(ies) all of its reasonable attorneys’ fees and expenses
      relating to such action or proceeding and/or incurred in connection with the
      preparation therefor.

     

    9.6
      Waiver, Etc. The failure of the Company or the Holder to at any time
      enforce any of the provisions of this Purchase Option shall not be deemed or
      construed to be a waiver of any such provision, nor to in any way affect the
      validity of this Purchase Option or any provision hereof or the right of the
      Company or any Holder to thereafter enforce each and every provision of this
      Purchase Option. No waiver of any breach, non-compliance or non-fulfillment
      of
      any of the provisions of this Purchase Option shall be effective unless set
      forth in a written instrument executed by the party or parties against whom
      or
      which enforcement of such waiver is sought; and no waiver of any such breach,
      non-compliance or non-fulfillment shall be construed or deemed to be a waiver
      of
      any other or subsequent breach or non-compliance.

     

    9.7
      Execution in Counterparts. This Purchase Option may be executed in one or
      more counterparts, and by the different parties hereto in separate counterparts,
      each of which shall be deemed to be an original, but all of which taken together
      shall constitute one and the same agreement, and shall become effective when
      one
      or more counterparts has been signed by each of the parties hereto and delivered
      to each of the other parties hereto.

     

    9.8
      Exchange Agreement. As a condition of the Holder’s receipt and acceptance
      of this Purchase Option, Holder agrees that, at any time prior to the complete
      exercise of this Purchase Option by Holder, if the Company and CGF enter into
      an
      agreement (“Exchange
      Agreement”)
      pursuant to which they agree that all outstanding Purchase Options will be
      exchanged for securities or cash or a combination of both, then Holder shall
      agree to such exchange and become a party to the Exchange
      Agreement.

     

    [Remainder
      of this page intentionally left blank; signature page
      follows.]

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

     

     

    IN
      WITNESS WHEREOF, the Company has caused this Purchase Option to be signed by
      its
      duly authorized officer as of the 20th day of December, 2006.

    
      	 	 	 
	 	
              RESTAURANT
                ACQUISITION PARTNERS, INC.

            
	 
 	 
 	 
 
	
            	By:  	/s/
              Christopher R. Thomas
	 	
              

              Name:
                Christopher R. Thomas

            
	 	
              Title:
                Chief Executive Officer and
                President

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    Form
      to
      be used to exercise Purchase Option:

    

    Restaurant
      Acquisition Partners, Inc.

    5950
      Hazeltine National Drive, Suite 290

    Orlando,
      Florida 32822

    

    Date:
      ____________,
      200__

    

    The
      undersigned hereby elects irrevocably to exercise all or a portion of the within
      Purchase Option and to purchase _________Units of Restaurant Acquisition
      Partners, Inc. and hereby makes payment of $____________
      (at the
      rate of $7.20 per Unit) in payment of the Exercise Price pursuant thereto.
      Please issue the Common Stock and Warrants as to which this Purchase Option
      is
      exercised in accordance with the instructions given below.

     

    or

    

    The
      undersigned hereby elects irrevocably to convert its right to purchase
      _________Units purchasable under the within Purchase Option by surrender of
      the
      unexercised portion of the attached Purchase Option (with a “Value” based of
      $____________ based on a “Market Price” of $____________).
      Please issue the securities comprising the Units as to which this Purchase
      Option is exercised in accordance with the instructions given
      below.

     

    
      	 	
              NOTICE:
                The signature to this assignment must correspond with the name as
                written
                upon the face of the purchase option in every particular, without
                alteration or enlargement or any change whatever.

            
	
              Signature(s)
                Guaranteed: 

            	 

    

    

    THE
      SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
      STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP
      IN
      AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE
      17Ad-15).

    

    INSTRUCTIONS
      FOR REGISTRATION OF SECURITIES 

     

    
      	
              Name
                

            	        
	 
	 	
              (Print
                in Block Letters)

               

            	 
	
              Address
                

            	    
	 
	 	     
	 

    

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    Form
      to
      be used to assign Purchase Option:

    

    ASSIGNMENT

    

    (To
      be
      executed by the registered Holder to effect a transfer of the within Purchase
      Option):

     

    FOR
      VALUE
      RECEIVED, _____________________ does hereby sell, assign and transfer unto
      the
      right to purchase ____________Units of Restaurant Acquisition
      Partners, Inc. (“Company”)
      evidenced by the within Purchase Option and does hereby authorize the Company
      to
      transfer such right on the books of the Company.

     

    Dated:
      ____________
      ,
      200__

    

    
      	 	
               

              Signature
                _________________________________

            
	 	
               

              NOTICE:
                The signature to this assignment must correspond with the name as
                written
                upon the face of the purchase option in every particular, without
                alteration or enlargement or any change whatever.

            
	
              Signature(s)
                Guaranteed: 

            	 

    

    

    THE
      SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
      STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP
      IN
      AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE
      17Ad-15).

     

    
      
        
        

      

      
        13Exhibit
      4.5

    WARRANT
      AGREEMENT

     

    This
      Agreement made as of December 15, 2006 between Restaurant Acquisition Partners,
      Inc., a Delaware corporation, with offices at 5950 Hazeltine National Drive,
      Suite 290, Orlando, Florida 32822 (“Company”),
      and
      Continental Stock Transfer & Trust Company, a New York corporation, with
      offices at 17 Battery Place, New York, New York 10004 (“Warrant
      Agent”).

     

    WHEREAS,
      the Company is engaged in a public offering (“Public
      Offering”)
      of
      Units (“Units”)
      and,
      in connection therewith, has determined to issue and deliver (i) up to 7,666,666
      Warrants, including 1,000,000 Warrants that may be issued to Capital Growth
      Financial, LLC (the “Underwriter”)
      upon
      exercise of its over-allotment option (“Public
      Warrants”)
      to the
      public investors, (ii) 210,000 Warrants to the Underwriter or its designees
      (“Underwriter’s
      Warrants”)
      and
      (iii) in a concurrent private placement 1,500,000 Warrants to existing
      stockholders of the Company (“Insider
      Warrants”,
      and
      together with the Underwriter’s Warrants and the Public Warrants, the
“Warrants”),
      each
      Warrant evidencing the right of the holder thereof to purchase one share of
      common stock, par value $.0001 per share, of the Company’s Common Stock
      (“Common
      Stock”)
      for
      $4.50 in the case of the Public Warrants and the Insider Warrants, and $6.00
      in
      the case of the Underwriter’s Warrants, in each case subject to adjustment as
      described herein; and

     

    WHEREAS,
      the Company has filed with the Securities and Exchange Commission a Registration
      Statement, No. 333-129316 on Form S-1 (“Registration
      Statement”)
      for the
      registration, under the Securities Act of 1933, as amended (“Act”),
      of,
      among other securities, the Warrants and the Common Stock issuable upon exercise
      of the Warrants; and

     

    WHEREAS,
      the Company desires the Warrant Agent to act on behalf of the Company, and
      the
      Warrant Agent is willing to so act, in connection with the issuance,
      registration, transfer, exchange, redemption and exercise of the Warrants;
      and

     

    WHEREAS,
      the Company desires to provide for the form and provisions of the Warrants,
      the
      terms upon which they shall be issued and exercised, and the respective rights,
      limitation of rights and immunities of the Company, the Warrant Agent and the
      holders of the Warrants; and

     

    WHEREAS,
      all acts and things have been done and performed which are necessary to make
      the
      Warrants, when executed on behalf of the Company and countersigned by or on
      behalf of the Warrant Agent, as provided herein, the valid, binding and legal
      obligations of the Company, and to authorize the execution and delivery of
      this
      Agreement;

     

    NOW,
      THEREFORE, in consideration of the mutual agreements herein contained, the
      parties hereto agree as follows:

     

    1. Appointment
      of Warrant Agent.

     

    The
      Company hereby appoints the Warrant Agent to act as agent for the Company for
      the Warrants, and the Warrant Agent hereby accepts such appointment and agrees
      to perform the same in accordance with the terms and conditions set forth in
      this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2. Warrants.

     

    2.1 Form
      of Warrant.
      Each
      Warrant shall be issued in registered form only, shall be in substantially
      the
      form of Exhibit A hereto, the provisions of which are incorporated herein and
      shall be signed by, or bear the facsimile signature of, the Chairman of the
      Board, Chief Executive Officer or President, and Chief Financial Officer,
      Secretary or Assistant Secretary of the Company and shall bear a facsimile
      of
      the Company’s seal. In the event the person whose facsimile signature has been
      placed upon any Warrant shall have ceased to serve in the capacity in which
      such
      person signed the Warrant before such Warrant is issued, it may be issued with
      the same effect as if he or she had not ceased to be such at the date of
      issuance.

     

    2.2 Effect
      of Countersignature.
      Unless
      and until countersigned by the Warrant Agent pursuant to this Agreement, a
      Warrant shall be invalid and of no effect and may not be exercised by the holder
      thereof.

     

    2.3 Registration.

     

    2.3.1 Warrant
      Register.
      The
      Warrant Agent shall maintain books (“Warrant
      Register”),
      for
      the registration of original issuance and the registration of transfer of the
      Warrants. Upon the initial issuance of the Warrants, the Warrant Agent shall
      issue and register the Warrants in the names of the respective holders thereof
      in such denominations and otherwise in accordance with instructions delivered
      to
      the Warrant Agent by the Company.

     

    2.3.2 Registered
      Holder.
      Prior
      to due presentment for registration of transfer of any Warrant, the Company
      and
      the Warrant Agent may deem and treat the person in whose name such Warrant
      shall
      be registered upon the Warrant Register (“Registered
      Holder”),
      as the
      absolute owner of such Warrant and of each Warrant represented thereby
      (notwithstanding any notation of ownership or other writing on the Warrant
      Certificate made by anyone other than the Company or the Warrant Agent), for
      the
      purpose of any exercise thereof, and for all other purposes, and neither the
      Company nor the Warrant Agent shall be affected by any notice to the
      contrary.

     

    2.4 Detachability
      of Warrants.
      The
      securities comprising the Units will not be separately transferable until 90
      days after the date hereof unless the Underwriter informs the Company of its
      decision to allow earlier separate trading, but in no event will the Underwriter
      allow separate trading of the securities comprising the Units until the Company
      files a Current Report on Form 8-K which includes an audited balance sheet
      reflecting the receipt by the Company of the gross proceeds of the Public
      Offering including the proceeds received by the Company from the exercise of
      the
      Underwriter’s over-allotment option, if the over-allotment option is exercised
      prior to the filing of the Form 8-K.

     

    2.5 Warrants
      and Underwriter’s Warrants.
      The
      Underwriter’s Warrants and the Insider Warrants shall have the same terms and be
      in the same form as the Public Warrants except that the exercise price of the
      Underwriter’s Warrants shall be $6.00 per whole share, subject to the
      adjustments provided in the last sentence of Section 3.1 and Section 4 hereof,
      and the Underwriter’s Warrants and the Insider Warrants will have a “cashless
      exercise” provision.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    3. Terms
      and Exercise of Warrants.

     

    3.1 Warrant
      Price.
      Each
      Warrant shall, when countersigned by the Warrant Agent, entitle the registered
      holder thereof, subject to the provisions of such Warrant and of this Warrant
      Agreement, to purchase from the Company the number of shares of Common Stock
      stated therein, at a price of $4.50 per whole share in the case of Public
      Warrants and the Insider Warrants and $6.00 per whole share in the case of
      Underwriter’s Warrants, subject in each case to the adjustments provided in the
      last sentence of Section 3.1 and Section 4 hereof. The term “Warrant
      Price”
      as used
      in this Warrant Agreement refers to the price per share at which Common Stock
      may be purchased at the time a Warrant is exercised. The Company in its sole
      discretion may lower the Warrant Price at any time prior to the Expiration
      Date;
      provided, however, that any change in the Warrant Price must apply equally
      to
      all of the Warrants.

     

    3.2 Duration
      of Warrants.
      A
      Warrant may be exercised only during the period (“Exercise
      Period”)
      commencing on the later of (a) the consummation by the Company of a merger,
      capital stock exchange, asset acquisition or other similar business combination
      (as described more fully in the Registration Statement) and (b) December 20,
      2007, and terminating at 5:00 p.m., New York City local time on the earlier
      to
      occur of (i) December 20, 2010 and (ii) the date fixed for redemption of the
      Warrants as provided in Section 6 of this Agreement (“Expiration
      Date”).
      Except
      with respect to the right to receive the Redemption Price (as set forth in
      Section 6 hereunder), each Warrant not exercised on or before the Expiration
      Date shall become void, and all rights thereunder and all rights in respect
      thereof under this Agreement shall cease at the close of business on the
      Expiration Date. The Company in its sole discretion may extend the duration
      of
      the Warrants by delaying the Expiration Date; provided, however, that any
      extension of the duration of the Warrants must apply equally to all of the
      Warrants.

     

    3.3 Exercise
      of Warrants.

     

    3.3.1 Payment.
      Subject
      to the provisions of the Warrant and this Warrant Agreement, a Warrant, when
      countersigned by the Warrant Agent, may be exercised by the registered holder
      thereof by surrendering it, at the office of the Warrant Agent, or at the office
      of its successor as Warrant Agent, in the Borough of Manhattan, City and State
      of New York, with the exercise form, as set forth in the Warrant, duly executed,
      and by paying in full, in lawful money of the United States, in cash, good
      certified check or good bank draft payable to the order of the Company (or
      as
      otherwise agreed to by the Company), the Warrant Price for each full share
      of
      Common Stock as to which the Warrant is exercised and any and all applicable
      taxes due in connection with the exercise of the Warrant, the exchange of the
      Warrant for the Common Stock, and the issuance of the Common Stock.

     

    Solely
      in
      the case of the Underwriter’s Warrants and the Insider Warrants, in lieu of the
      payment of the Warrant Price in cash, the registered holder of the Warrant
      shall
      have the right (but not the obligation), during the Exercise Period, to require
      the Company to convert any exercisable but unexercised portion of the Warrant
      (the “Conversion
      Right”),
      in
      whole but not in part, into the shares of Common Stock as provided for in this
      subsection (the “Net
      Exercise Shares”).
      Upon
      exercise of the Conversion Right, the Company shall deliver to the registered
      holder thereof (without payment in cash of the Warrant Price) that number of
      Net
      Exercise Shares equal to (i) the number of shares of Common Stock issuable
      upon
      exercise of the portion of the Warrant being converted, multiplied by (ii)
      the
      quotient obtained by dividing (x) the value of the Warrant (on a per share
      basis) at the time the Conversion Right is exercised (determined by subtracting
      the Warrant Price (as adjusted) from the average Current Market Price (as
      defined below) for the 10 trading days ending on the business day prior to
      date
      of notice of exercise of the Conversion Right is sent to the Company for the
      shares of Common Stock issuable upon exercise of the Warrant immediately prior
      to the exercise of the Conversion Right) by (y) the average Current Market
      Price
      of one share of Common Stock for the 10 trading days ending on the business
      day
      prior to the date of notice of exercise of the Conversion Right is sent to
      the
      Company, or in the event the Company has called the Warrants for redemption
      pursuant to Section 6 hereof, the average Current Market Price of one share
      of
      Common Stock for the 10 trading days ending on the business day prior to the
      date on which the notice of redemption is sent to holders of the Warrant
      pursuant to Section 6 hereof. The Conversion Right may be exercised by
      surrendering the Warrant at the office of the Warrant Agent, or at the office
      of
      its successor as Warrant Agent, in the Borough of Manhattan, City and State
      of
      New York, with the duly executed exercise form, as set forth in the Warrant,
      with the cashless exercise section completed, exercising the Conversion Right
      and specifying the total number of shares of Common Stock the holder thereof
      will purchase pursuant to such Conversion Right. The presentation and surrender
      shall be deemed a waiver of the holder’s obligation to pay all or any portion of
      the aggregate Warrant Price payable for the shares of Common Stock being issued
      upon such exercise of the Warrant. The Warrant (or so much thereof as shall
      have
      been surrendered for conversion) shall be deemed to have been converted
      immediately prior to the close of business on the day of surrender of the
      Warrant for conversion in accordance with the foregoing provisions.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    The
      “Current Market Price” of a share of Common Stock shall mean (i) if the Common
      Stock is listed on a national securities exchange, including the American Stock
      Exchange, or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or
      NASD OTC Bulletin Board (or successor trading market), the last sale price
      of
      the Common Stock in the principal trading market for the Common Stock as
      reported by the exchange, Nasdaq or the NASD, as the case may be; (ii) if the
      Common Stock is not listed on a national securities exchange or quoted on the
      Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin Board
      (or successor trading market), but is traded in the residual over-the-counter
      market, the closing bid price for the Common Stock on the last trading day
      preceding the date in question for which such quotations are reported by the
      Pink Sheets, LLC or similar publisher of such quotations; and (iii) if the
      fair
      market value of the Common Stock cannot be determined pursuant to clause (i)
      or
      (ii) above, such price as the Board of Directors of the Company shall determine,
      in good faith.

     

    3.3.2 Issuance
      of Common Stock.
      As soon
      as practicable after the exercise of any Warrant and the clearance of the funds
      in payment of the Warrant Price, the Company shall issue to the registered
      holder of such Warrant for the number of full shares of Common Stock to which
      he
      or she is entitled, registered in such name or names as may be directed by
      him,
      her or it, and if such Warrant shall not have been exercised in full, a new
      countersigned Warrant for the number of shares as to which such Warrant shall
      not have been exercised. Notwithstanding the foregoing, the Company may not
      issue or deliver any securities pursuant to the exercise of a Warrant and may
      not settle any Warrant exercise unless a registration statement under the Act
      with respect to the Common Stock underlying the Public Warrants is effective.
      In
      the event that a registration statement with respect to the Common Stock
      underlying the Public Warrants is not effective under the Act, no holder of
      any
      Warrant shall be entitled to exercise such Warrant and such Warrant may have
      no
      value and expire worthless. In no event will the Company net cash settle the
      warrant exercise. Warrants may not be exercised by, or securities issued to,
      any
      registered holder in any state in which such exercise would be unlawful. In
      the
      event that a registration statement is not effective for the exercised Public
      Warrants, the purchaser of a unit containing such Warrant will have paid the
      full purchase price for the unit solely for the shares included in such
      unit.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    3.3.3 Valid
      Issuance.
      All
      shares of Common Stock issued upon the proper exercise of a Warrant in
      conformity with this Agreement shall be validly issued, fully paid and
      nonassessable.

     

    3.3.4 Date
      of Issuance.
      Each
      person in whose name any such shares of Common Stock are issued shall for all
      purposes be deemed to have become the holder of record of such shares on the
      date on which the Warrant was surrendered and payment of the Warrant Price
      was
      made, irrespective of the date of issuance of such shares, except that, if
      the
      date of such surrender and payment is a date when the stock transfer books
      of
      the Company are closed, such person shall be deemed to have become the holder
      of
      such shares at the close of business on the next succeeding date on which the
      stock transfer books are open.

     

    4. Adjustments.

     

    4.1 Stock
      Dividends—Split-Ups.
      If
      after the date hereof, and subject to the provisions of Section 4.6 below,
      the
      number of outstanding shares of Common Stock is increased by a stock dividend
      payable in shares of Common Stock, or by a split-up of shares of Common Stock
      or
      other similar event, then, on the effective date of such stock dividend,
      split-up or similar event, the number of shares of Common Stock issuable on
      exercise of each Warrant shall be increased in proportion to such increase
      in
      outstanding shares of Common Stock.

     

    4.2 Aggregation
      of Shares.
      If
      after the date hereof, and subject to the provisions of Section 4.6, the number
      of outstanding shares of Common Stock is decreased by a consolidation,
      combination, reverse stock split or reclassification of shares of Common Stock
      or other similar event, then, on the effective date of such consolidation,
      combination, reverse stock split, reclassification or similar event, the number
      of shares of Common Stock issuable on exercise of each Warrant shall be
      decreased in proportion to such decrease in outstanding shares of Common
      Stock.

     

    4.3 Adjustments
      in Exercise Price.
      Whenever the number of shares of Common Stock purchasable upon the exercise
      of
      the Warrants is adjusted, as provided in Section 4.1 and 4.2 above, the Warrant
      Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price
      immediately prior to such adjustment by a fraction (x) the numerator of which
      shall be the number of shares of Common Stock purchasable upon the exercise
      of
      the Warrants immediately prior to such adjustment, and (y) the denominator
      of
      which shall be the number of shares of Common Stock so purchasable immediately
      thereafter.

     

    4.4 Replacement
      of Securities upon Reorganization, etc. In
      case
      of any reclassification or reorganization of the outstanding shares of Common
      Stock (other than a change covered by Section 4.1 or 4.2 hereof or that solely
      affects the par value of such shares of Common Stock), or in the case of any
      merger or consolidation of the Company with or into another corporation (other
      than a consolidation or merger in which the Company is the continuing
      corporation and that does not result in any reclassification or reorganization
      of the outstanding shares of Common Stock), or in the case of any sale or
      conveyance to another corporation or entity of the assets or other property
      of
      the Company as an entirety or substantially as an entirety in connection with
      which the Company is dissolved, the Warrant holders shall thereafter have the
      right to purchase and receive, upon the basis and upon the terms and conditions
      specified in the Warrants and in lieu of the shares of Common Stock of the
      Company immediately theretofore purchasable and receivable upon the exercise
      of
      the rights represented thereby, the kind and amount of shares of stock or other
      securities or property (including cash) receivable upon such reclassification,
      reorganization, merger or consolidation, or upon a dissolution following any
      such sale or transfer, that the Warrant holder would have received if such
      Warrant holder had exercised his, her or its Warrant(s) immediately prior to
      such event; and if any reclassification also results in a change in shares
      of
      Common Stock covered by Section 4.1 or 4.2, then such adjustment shall be made
      pursuant to Sections 4.1, 4.2, 4.3 and this Section 4.4. The provisions of
      this
      Section 4.4 shall similarly apply to successive reclassifications,
      reorganizations, mergers or consolidations, sales or other
      transfers.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    4.5 Notices
      of Changes in Warrant.
      Upon
      every adjustment of the Warrant Price or the number of shares issuable upon
      exercise of a Warrant, the Company shall give written notice thereof to the
      Warrant Agent, which notice shall state the Warrant Price resulting from such
      adjustment and the increase or decrease, if any, in the number of shares
      purchasable at such price upon the exercise of a Warrant, setting forth in
      reasonable detail the method of calculation and the facts upon which such
      calculation is based. Upon the occurrence of any event specified in Sections
      4.1, 4.2, 4.3 or 4.4, then, in any such event, the Company shall give written
      notice to the Warrant holder, at the last address set forth for such holder
      in
      the warrant register, of the record date or the effective date of the event.
      Failure to give such notice, or any defect therein, shall not affect the
      legality or validity of such event.

     

    4.6 No
      Fractional Shares.
      Notwithstanding any provision contained in this Warrant Agreement to the
      contrary, the Company shall not issue fractional shares upon exercise of
      Warrants. If, by reason of any adjustment made pursuant to this Section 4,
      the
      holder of any Warrant would be entitled, upon the exercise of such Warrant,
      to
      receive a fractional interest in a share, the Company shall, upon such exercise,
      round up or down to the nearest whole number the number of the shares of Common
      Stock to be issued to the Warrant holder.

     

    4.7 Form
      of Warrant.
      The
      form of Warrant need not be changed because of any adjustment pursuant to this
      Section 4, and Warrants issued after such adjustment may state the same Warrant
      Price and the same number of shares as is stated in the Warrants initially
      issued pursuant to this Agreement. However, the Company may at any time in
      its
      sole discretion make any change in the form of Warrant that the Company may
      deem
      appropriate and that does not affect the substance thereof, and any Warrant
      thereafter issued or countersigned, whether in exchange or substitution for
      an
      outstanding Warrant or otherwise, may be in the form as so changed.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    5. Transfer
      and Exchange of Warrants.

     

    5.1 Registration
      of Transfer.
      The
      Warrant Agent shall register the transfer, from time to time, of any outstanding
      Warrant upon the Warrant Register, upon surrender of such Warrant for transfer,
      properly endorsed with signatures properly guaranteed and accompanied by
      appropriate instructions for transfer. Upon any such transfer, a new Warrant
      representing an equal aggregate number of Warrants shall be issued and the
      old
      Warrant shall be cancelled by the Warrant Agent. The Warrants so cancelled
      shall
      be delivered by the Warrant Agent to the Company from time to time upon
      request.

     

    5.2 Procedure
      for Surrender of Warrants.
      Warrants may be surrendered to the Warrant Agent, together with a written
      request for exchange or transfer, and thereupon the Warrant Agent shall issue
      in
      exchange therefor one or more new Warrants as requested by the registered holder
      of the Warrants so surrendered, representing an equal aggregate number of
      Warrants; provided, however, that in the event that a Warrant surrendered for
      transfer bears a restrictive legend, the Warrant Agent shall not cancel such
      Warrant and issue new Warrants in exchange therefor until the Warrant Agent
      has
      received an opinion of counsel for the Company stating that such transfer may
      be
      made and indicating whether the new Warrants must also bear a restrictive
      legend.

     

    5.3 Fractional
      Warrants.
      The
      Warrant Agent shall not be required to effect any registration of transfer
      or
      exchange which will result in the issuance of a warrant certificate for a
      fraction of a warrant.

     

    5.4 Service
      Charges.
      No
      service charge shall be made for any exchange or registration of transfer of
      Warrants.

     

    5.5 Warrant
      Execution and Countersignature.
      The
      Warrant Agent is hereby authorized to countersign and to deliver, in accordance
      with the terms of this Agreement, the Warrants required to be issued pursuant
      to
      the provisions of this Section 5, and the Company, whenever required by the
      Warrant Agent, will supply the Warrant Agent with Warrants duly executed on
      behalf of the Company for such purpose.

     

    6. Redemption.

     

    6.1 Redemption.
      Subject
      to Section 6.4 hereof, the outstanding Warrants may be redeemed (in whole and
      not in part), at the option of the Company, at any time after, and from time
      to
      time, they become exercisable and prior to their expiration, at the office
      of
      the Warrant Agent, upon the notice referred to in Section 6.2, at the price
      of
      $.01 per Warrant (“Redemption
      Price”),
      provided that the last sales price of the Common Stock has been at least $8.50
      per share, on each of twenty (20) trading days within any thirty (30) trading
      day period ending on the third business day prior to the date on which notice
      of
      redemption is given. The provisions of this Section 6.1 may not be modified,
      amended or deleted without the prior written consent of the
      Underwriter.

     

    6.2 Date
      Fixed for, and Notice of, Redemption.
      In the
      event the Company shall elect to redeem all of the Warrants, the Company shall
      fix a date for the redemption (the “Redemption
      Date”).
      Notice of redemption shall be mailed by first class mail, postage prepaid,
      by
      the Company not less than 30 days prior to the date fixed for redemption to
      the
      registered holders of the Warrants to be redeemed at their last addresses as
      they shall appear on the registration books. Any notice mailed in the manner
      herein provided shall be conclusively presumed to have been duly given whether
      or not the registered holder received such notice.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    6.3 Exercise
      After Notice of Redemption.
      The
      Warrants may be exercised in accordance with Section 3 of this Agreement at
      any
      time after notice of redemption shall have been given by the Company pursuant
      to
      Section 6.2 hereof and prior to the Redemption Date. On and after the Redemption
      Date, the record holder of the Warrants shall have no further rights except
      to
      receive, upon surrender of the Warrants, the Redemption Price.

     

    6.4 Redemption
      of Purchase Option.
      Notwithstanding anything to the contrary contained herein or in that certain
      Unit Purchase Option, to be dated as of December 20, 2006 (the “Unit
      Purchase Option”),
      if
      the Company shall elect to redeem all of the Warrants, (i) the Underwriter’s
      option to purchase up to one hundred five thousand (105,000) Units (as described
      in more detail in the Unit Purchase Option), if not earlier exercised in full,
      shall be automatically exercised immediately prior to a redemption of the
      Company’s outstanding Warrants pursuant to Section 6.1 hereof and (ii) each
      Warrant that is part of a Unit issued thereunder upon such automatic conversion
      shall be redeemed by the Company as part of such redemption for the Redemption
      Price.

     

    7. Other
      Provisions Relating to Rights of Holders of Warrants.

     

    7.1 No
      Rights as Stockholder.
      A
      Warrant does not entitle the registered holder thereof to any of the rights
      of a
      stockholder of the Company, including, without limitation, the right to receive
      dividends, or other distributions, exercise any preemptive rights to vote or
      to
      consent or to receive notice as stockholders in respect of the meetings of
      stockholders or the election of directors of the Company or any other
      matter.

     

    7.2 Lost,
      Stolen, Mutilated, or Destroyed Warrants.
      If any
      Warrant is lost, stolen, mutilated or destroyed, the Company and the Warrant
      Agent may on such terms as to indemnity or otherwise as they may in their
      discretion impose (which shall, in the case of a mutilated Warrant, include
      the
      surrender thereof), issue a new Warrant of like denomination, tenor and date
      as
      the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall
      constitute a substitute contractual obligation of the Company, whether or not
      the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any
      time
      enforceable by anyone.

     

    7.3 Reservation
      of Common Stock.
      The
      Company shall at all times reserve and keep available a number of its authorized
      but unissued shares of Common Stock that will be sufficient to permit the
      exercise in full of all outstanding Warrants issued pursuant to this
      Agreement.

     

    7.4 Registration
      of Common Stock.
      The
      Company agrees that prior to the commencement of the Exercise Period, it shall
      file with the Securities and Exchange Commission a post-effective amendment
      to
      the Registration Statement, or a new registration statement, for the
      registration, under the Act, of, and it shall take such action as is necessary
      to qualify for sale, in those states in which the Warrants were initially
      offered by the Company, the Common Stock issuable upon exercise of the Warrants.
      In either case, the Company will use its best efforts to cause the same to
      become effective and to maintain the effectiveness of such registration
      statement until the expiration or redemption of the Warrants in accordance
      with
      the provisions of this Agreement. The provisions of this Section 7.4 may not
      be
      modified, amended or deleted without the prior written consent of the
      Underwriter.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    8. Concerning
      the Warrant Agent and Other Matters.

     

    8.1 Payment
      of Taxes.
      The
      Company will from time to time promptly pay all taxes and charges that may
      be
      imposed upon the Company or the Warrant Agent in respect of the issuance or
      delivery of shares of Common Stock upon the exercise of Warrants, but the
      Company shall not be obligated to pay any transfer taxes in respect of the
      Warrants or such shares.

     

    8.2 Resignation,
      Consolidation, or Merger of Warrant Agent.

     

    8.2.1 Appointment
      of Successor Warrant Agent.
      The
      Warrant Agent, or any successor to it hereafter appointed, may resign its duties
      and be discharged from all further duties and liabilities hereunder after giving
      sixty (60) days’ notice in writing to the Company. If the office of the Warrant
      Agent becomes vacant by resignation or incapacity to act or otherwise, the
      Company shall appoint in writing a successor Warrant Agent in place of the
      Warrant Agent. If the Company shall fail to make such appointment within a
      period of 30 days after it has been notified in writing of such resignation
      or
      incapacity by the Warrant Agent or by the holder of the Warrant (who shall,
      with
      such notice, submit his Warrant for inspection by the Company), then the holder
      of any Warrant may apply to the Supreme Court of the State of New York for
      the
      County of New York for the appointment of a successor Warrant Agent at the
      Company’s cost. Any successor Warrant Agent, whether appointed by the Company or
      by such court, shall be a corporation or other entity organized and existing
      under the laws of a state of the United States, in good standing and authorized
      under such laws to exercise corporate trust powers and be subject to supervision
      or examination by federal or state authority. After appointment, any successor
      Warrant Agent shall be vested with all the authority, powers, rights,
      immunities, duties, and obligations of its predecessor Warrant Agent with like
      effect as if originally named as Warrant Agent hereunder, without any further
      act or deed; but if for any reason it becomes necessary or appropriate, the
      predecessor Warrant Agent shall execute and deliver, at the expense of the
      Company, an instrument transferring to such successor Warrant Agent all the
      authority, powers, and rights of such predecessor Warrant Agent hereunder;
      and
      upon request of any successor Warrant Agent the Company shall make, execute,
      acknowledge, and deliver any and all instruments in writing for more fully
      and
      effectually vesting in and confirming to such successor Warrant Agent all such
      authority, powers, rights, immunities, duties, and obligations.

     

    8.2.2 Notice
      of Successor Warrant Agent.
      In the
      event a successor Warrant Agent shall be appointed, the Company shall give
      notice thereof to the predecessor Warrant Agent and the transfer agent for
      the
      Common Stock not later than the effective date of any such
      appointment.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    8.2.3 Merger
      or Consolidation of Warrant Agent.
      Any
      corporation into which the Warrant Agent may be merged or with which it may
      be
      consolidated or any corporation resulting from any merger or consolidation
      to
      which the Warrant Agent shall be a party shall be the successor Warrant Agent
      under this Agreement without any further act.

     

    8.3 Fees
      and Expenses of Warrant Agent.

     

    8.3.1 Remuneration.
      The
      Company agrees to pay the Warrant Agent reasonable remuneration for its services
      as such Warrant Agent hereunder and will reimburse the Warrant Agent upon demand
      for all expenditures that the Warrant Agent may reasonably incur in the
      execution of its duties hereunder.

     

    8.3.2 Further
      Assurances.
      The
      Company agrees to perform, execute, acknowledge, and deliver or cause to be
      performed, executed, acknowledged, and delivered all such further and other
      acts, instruments, and assurances as may reasonably be required by the Warrant
      Agent for the carrying out or performing of the provisions of this
      Agreement.

     

    8.4 Liability
      of Warrant Agent.

     

    8.4.1 Reliance
      on Company Statement.
      Whenever in the performance of its duties under this Warrant Agreement, the
      Warrant Agent shall deem it necessary or desirable that any fact or matter
      be
      proved or established by the Company prior to taking or suffering any action
      hereunder, such fact or matter (unless other evidence in respect thereof be
      herein specifically prescribed) may be deemed to be conclusively proved and
      established by a statement signed by the Chief Executive Officer, President
      or
      Chairman of the Board of the Company and delivered to the Warrant Agent. The
      Warrant Agent may rely upon such statement for any action taken or suffered
      in
      good faith by it pursuant to the provisions of this Agreement.

     

    8.4.2 Indemnity.
      The
      Warrant Agent shall be liable hereunder only for its own negligence, willful
      misconduct or bad faith. The Company agrees to indemnify the Warrant Agent
      and
      save it harmless against any and all liabilities, including judgments, costs
      and
      reasonable counsel fees, for anything done or omitted by the Warrant Agent
      in
      the execution of this Agreement except as a result of the Warrant Agent’s
      negligence, willful misconduct or bad faith.

     

    8.4.3 Exclusions.
      The
      Warrant Agent shall have no responsibility with respect to the validity of
      this
      Agreement or with respect to the validity or execution of any Warrant (except
      its countersignature thereof); nor shall it be responsible for any breach by
      the
      Company of any covenant or condition contained in this Agreement or in any
      Warrant; nor shall it be responsible to make any adjustments required under
      the
      provisions of Section 4 hereof or be responsible for the manner, method, or
      amount of any such adjustment or the ascertaining of the existence of facts
      that
      would require any such adjustment; nor shall it by any act hereunder be deemed
      to make any representation or warranty as to the authorization or reservation
      of
      any shares of Common Stock to be issued pursuant to this Agreement or any
      Warrant or as to whether any shares of Common Stock will when issued be valid
      and fully paid and nonassessable.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    8.5 Acceptance
      of Agency.
      The
      Warrant Agent hereby accepts the agency established by this Agreement and agrees
      to perform the same upon the terms and conditions herein set forth and among
      other things, shall account promptly to the Company with respect to Warrants
      exercised and concurrently account for, and pay to the Company, all moneys
      received by the Warrant Agent for the purchase of shares of the Company’s Common
      Stock through the exercise of Warrants.

     

    9. Miscellaneous
      Provisions.

     

    9.1 Successors.
      All the
      covenants and provisions of this Agreement by or for the benefit of the Company
      or the Warrant Agent shall bind and inure to the benefit of their respective
      successors and assigns.

     

    9.2 Notices.
      Any
      notice, statement or demand authorized by this Warrant Agreement to be given
      or
      made by the Warrant Agent or by the holder of any Warrant to or on the Company
      shall be sufficiently given when so delivered if by hand or overnight delivery
      or if sent by certified mail or private courier service within five days after
      deposit of such notice, postage prepaid, addressed (until another address is
      filed in writing by the Company with the Warrant Agent), as
      follows:

     

    Restaurant
      Acquisition Partners, Inc.

    5950
      Hazeltine National Drive, Suite 290

    Orlando,
      Florida 32822

    Attention:
      Christopher R. Thomas

     

    With
      a
      copy to:

     

    Pillsbury
      Winthrop Shaw Pittman LLP

    1540
      Broadway

    New
      York,
      New York 10036

    Attn:
      Ronald A. Fleming, Jr., Esq.

     

    Any
      notice, statement or demand authorized by this Agreement to be given or made
      by
      the holder of any Warrant or by the Company to or on the Warrant Agent shall
      be
      sufficiently given when so delivered if by hand or overnight delivery or if
      sent
      by certified mail or private courier service within five days after deposit
      of
      such notice, postage prepaid, addressed (until another address is filed in
      writing by the Warrant Agent with the Company), as follows:

     

    Continental
      Stock Transfer & Trust Company

    17
      Battery Place

    New
      York,
      NY 10004

    Attn:
      Steven G. Nelson

     

    with
      a
      copy in each case to:

     

    Capital
      Growth Financial, LLC

    225
      NE
      Mizner Blvd., Suite 750

    Boca
      Raton, Florida 33432

    Attn:
      Alan L. Jacobs

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    and:

     

    Greenberg
      Traurig, P.A.

    777
      South
      Flagler Drive

    Suite
      300
      East

    West
      Palm
      Beach, FL 33401

    Attn:
      Morris C. Brown, Esq.

     

    9.3 Applicable
      law.
      The
      validity, interpretation, and performance of this Agreement and of the Warrants
      shall be governed in all respects by the laws of the State of New York, without
      giving effect to conflict of laws. The Company hereby agrees that any action,
      proceeding or claim against it arising out of or relating in any way to this
      Agreement shall be brought and enforced in the courts of the State of New York
      or the United States District Court for the Southern District of New York,
      and
      irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive.
      The Company hereby waives any objection to such exclusive jurisdiction and
      that
      such courts represent an inconvenience forum. Any such process or summons to
      be
      served upon the Company may be served by transmitting a copy thereof by
      registered or certified mail, return receipt requested, postage prepaid,
      addressed to it at the address set forth in Section 9.2 hereof. Such mailing
      shall be deemed personal service and shall be legal and binding upon the Company
      in any action, proceeding or claim.

     

    9.4 Persons
      Having Rights under this Agreement.
      Nothing
      in this Agreement expressed and nothing that may be implied from any of the
      provisions hereof is intended, or shall be construed, to confer upon, or give
      to, any person or corporation other than the parties hereto and the registered
      holders of the Warrants and, for the purposes of Sections 2.5, 3.1, 3.2, 6.1,
      6.4, 7.4 and 9.2 hereof, the Underwriter, any right, remedy or claim under
      or by
      reason of this Warrant Agreement or of any covenant, condition, stipulation,
      promise, or agreement hereof. The Underwriter shall be deemed to be a third
      party beneficiary of this Agreement with respect to Sections 2.5, 3.1, 3.2,
      6.1,
      6.4, 7.4 and 9.2 hereof. All covenants, conditions, stipulations, promises,
      and
      agreements contained in this Warrant Agreement shall be for the sole and
      exclusive benefit of the parties hereto (and the Underwriter with respect to
      the
      Sections 2.5, 3.1, 3.2, 6.1, 6.4, 7.4 and 9.2 hereof) and their successors
      and
      assigns and of the registered holders of the Warrants.

     

    9.5 Examination
      of the Warrant Agreement.
      A copy
      of this Agreement shall be available at all reasonable times at the office
      of
      the Warrant Agent, for inspection by the Underwriter or by the registered holder
      of any Warrant. The Warrant Agent may require any such holder to submit his
      Warrant for inspection by it.

     

    9.6 Counterparts.
      This
      Agreement may be executed in any number of counterparts and each of such
      counterparts shall for all purposes be deemed to be an original, and all such
      counterparts shall together constitute but one and the same
      instrument.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    9.7 Effect
      of Headings.
      The
      Section headings herein are for convenience only and are not part of this
      Warrant Agreement and shall not affect the interpretation thereof.

     

    [Remainder
      of this page intentionally left blank; signature page follows.]

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto
      as
      of the day and year first above written.

    
      	 	 	 
	 	RESTAURANT
              ACQUISITION PARTNERS, INC.
	 
 	 
 	 
 
	 	By:  	/s/
              Christopher R. Thomas
	 	
              
Name:
              Christopher R. Thomas
	 	Title:
              Chief Executive Officer and President

    

     

    
      	 	 	 
	 	CONTINENTAL
              STOCK TRANSFER & TRUST COMPANY
	 
 	 
 	 
 
	 	By:  	/s/
              Felix Orihuela
	 	
              
Name:
              Felix Orihuela
	 	Title:
              Vice President

    

     

    [Signature
      Page to Warrant Agreement]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      A

     

    
      	
              NUMBER

              W-

            	
              WARRANTS
                

            
	
              [SYMBOL]

            	 

    

    

    THIS
      WARRANT WILL BE VOID

    IF
      REDEEMED OR NOT

    EXERCISED
      PRIOR TO

    5:00 P.M.
      NEW YORK CITY TIME

    ON
      DECEMBER 20, 2010

    

    RESTAURANT
      ACQUISITION

    PARTNERS, INC.

    

    CUSIP
      761250
      11 7

    

    WARRANT

    

    THIS
      CERTIFIES THAT, for value received ____________________________ is the
      registered holder of a Warrant or Warrants expiring December 20, 2010 or earlier
      upon redemption (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) December
      20, 2007, such number of Shares of the Company at the price of $4.50 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 and in the Insider Warrants sold in the concurrent Private
      Placement]:
      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 but not 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 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.

     

    [Specimen
      Warrant Certificate]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    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 redeem the Warrant, in whole but not in part,
      at
      any time prior to its exercise, with a notice of redemption in writing to the
      holders of record of the Warrant, giving 30 days' notice of such redemption
      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 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.

    
      	 	 	 	 
	
              By:
                RESTAURANT ACQUISITION PARTNERS, INC.

            	 	 	 
	 	 	 	 
	By:	 	 	By:
	
              
                

              

              President
                

            	 	 	
              
                

              

              Secretary

            

    

     

    [Specimen
      Warrant Certificate]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    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 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 and in the Insider Warrants sold in the concurrent Private
      Placement:
      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 $ 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.

     

    [Specimen
      Warrant Certificate]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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.

     

    [Specimen
      Warrant Certificate]

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