Document:

Exhibit
      10.1

    

    September
      25, 2006

    

    Restaurant
      Acquisition Partners, Inc.

    5950
      Hazeltine National Drive, Suite 290

    Orlando,
      FL 32822

    

    Capital
      Growth Financial, LLC

    225
      NE
      Mizner Boulevard, Suite 750

    Boca
      Raton, FL 33432

    

    Re:
      Initial Public Offering

    

    Ladies
      and Gentlemen:

    

    Each
      of
      the undersigned officers, directors and stockholders of Restaurant Acquisition
      Partners, Inc. (the "Company"),
      in
      consideration of Capital Growth Financial, LLC (the "Underwriter")
      consummating the transactions contemplated by the underwriting agreement to
      be
      dated as of December 15, 2006 between the Company and the Underwriter (the
      "Underwriting
      Agreement")
      relating to the Company's initial public offering ("IPO"),
      hereby severally and jointly agree as follows (certain capitalized terms used
      herein are defined in paragraph 11 hereof):

    

    1. If
      the
      Company solicits approval of its stockholders of an Initial Transaction, each
      of
      the undersigned will vote all Insider Shares owned by him in accordance with
      the
      majority of the votes cast by the holders of the IPO Shares and all shares
      of
      Company Common Stock acquired by him in the IPO or in the aftermarket in favor
      of the Initial Transaction.

    

    2. Each
      of
      the undersigned will escrow his Insider Shares until one year after the date
      of
      the consummation of an Initial Transaction, subject to the terms of a Stock
      Escrow Agreement which the Company will enter into with the undersigned and
      Continental Stock Transfer & Trust Company as escrow
      agent.

    

    3. If
      the
      Company fails to consummate an Initial Transaction within 18 months from
      the initial closing of the IPO (or 24 months under the circumstances
      described in the prospectus relating to the IPO (the "Prospectus")), each of
      the
      undersigned will take all reasonable actions within his power to cause the
      Company to liquidate as soon as reasonably practicable. Each of the undersigned
      hereby waives any and all right, title, interest or claim of any kind
      ("Claim")
      in or
      to any distribution of the amount on deposit in the trust account at JPMorgan
      Chase (as described in the Prospectus) with respect to his Insider Shares and
      waives any Claim the undersigned may have in the future as a result of, or
      arising out of, any contracts or agreements with the Company to or against
      the
      trust account and will not seek recourse against the trust account for any
      reason whatsoever, in each case except in connection with exercising his rights
      with respect to any shares of Company common stock acquired by him in the IPO
      or
      in the aftermarket. Each of the undersigned (severally and not jointly) agrees
      to indemnify and hold harmless the Company against any and all loss, liability,
      claims, damage and expense whatsoever (including, but not limited to, any and
      all legal or other expenses reasonably paid in investigating, preparing or
      defending against any litigation, whether pending or threatened, or any claim
      whatsoever) which the Company may become subject to as a result of any claim
      by
      any vendor that is owed money by the Company for services rendered or products
      sold (the "Loss")
      but
      only to the extent necessary to ensure that the Loss does not reduce the amount
      in the trust account; provided, however, that each of the undersigned shall
      only
      be liable (severally and not jointly) for thirty-three and one-third percent
      of
      the total Loss. Nothing contained herein shall be construed to suggest that
      the
      undersigned may be held personally liable for any loss, liability claims, damage
      or expense which the Company may become subject to as a result of any claim
      by a
      prospective target if an Initial Transaction is not consummated with that
      prospective target, or for claims from any entity other than
      vendors.

    

    4. In
      order
      to minimize potential conflicts of interest which may arise from multiple
      affiliations, each of the undersigned agrees to present to the Company for
      its
      consideration, prior to presentation to any other person or entity, any suitable
      opportunity which may reasonably be required to be presented to the Company
      under Delaware law, until the earliest of the consummation by the Company of
      an
      Initial Transaction, the liquidation of the Company and such time as the
      undersigned ceases to be an officer of the Company, subject to any pre-existing
      fiduciary obligations any of the undersigned might have.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    5. Each
      of
      the undersigned acknowledges and agrees that the Company will not consummate
      any
      Initial Transaction which involves a company which is affiliated with any of
      the
      Insiders unless the Company obtains an opinion from an independent investment
      banking firm that the Initial Transaction is fair to the Company's stockholders
      from a financial point of view.

    

    6. Prior
      to
      the consummation of a Business Combination (as defined in the Company's
      Certificate of Incorporation, as amended (the "Certificate of Incorporation")),
      none of the undersigned will vote in favor of or otherwise consent to any
      amendment or waiver of any of the provisions of Article Fifth of the Certificate
      of Incorporation.

    

    7. Neither
      the undersigned, any member of the family of the undersigned or any affiliate
      of
      the undersigned will be entitled to receive or accept a finder's fee or any
      other compensation in the event the undersigned, any member of the family of
      the
      undersigned or any affiliate of the undersigned originates an Initial
      Transaction.

    

    8. Each
      of
      the undersigned intends to devote a minimum of forty percent of his business
      time each month on pursuing the Initial Transaction. Each of the undersigned's
      biographical information furnished to the Company and the Underwriter is true
      and accurate in all respects, does not omit any material information with
      respect to such undersigned's background and contains all of the information
      required to be disclosed pursuant to Section 401 of Regulation S-K,
      promulgated under the Securities Act of 1933. The Questionnaires furnished
      by
      each of the undersigned to the Company and the Underwriter are true and accurate
      in all respects. Each of the undersigned represents and warrants
      that:

    

    (a) he
      is not
      subject to or a respondent in any legal action for, any injunction
      cease-and-desist order or order or stipulation to desist or refrain from any
      act
      or practice relating to the offering of securities in any
      jurisdiction;

    

    (b) he
      has
      never been convicted of or pleaded guilty to any crime (i) involving any
      fraud, (ii) relating to any financial transaction or handling of funds of
      another person, or (iii) pertaining to any dealings in any securities and
      he is not currently a defendant in any such criminal proceeding;
      and

    

    (c) he
      has
      never been suspended or expelled from membership in any securities or
      commodities exchange or association or had a securities or commodities license
      or registration denied, suspended or revoked.

    

    9. Each
      of
      the undersigned has full right and power, without violating any agreement by
      which he is bound, to enter into this letter agreement and to serve as an
      executive officer and director of the Company as contemplated by the
      Prospectus.

    

    10. None
      of
      the undersigned, any member of the family of any of the undersigned nor any
      affiliate of any of the undersigned will be entitled to receive and will not
      accept any compensation for services rendered to the Company prior to the
      consummation of the Initial Transaction; provided that commencing on the
      Effective Date, Pacific Ocean Restaurants ("Related
      Party"),
      shall
      be allowed to charge the Company a portion of Related Party's overhead, $7,500
      per month, to compensate it for certain limited administrative, technology
      and
      secretarial services, as well as the use of certain limited office space located
      at 5950 Hazeltine National Drive, Suite 290, Orlando, Florida 32822, that it
      will provide to the Company. Related Party and each of the undersigned shall
      also be entitled to reimbursement from the Company for their out-of-pocket
      expenses incurred in connection with activities on the Company's behalf,
      including, without limitation, seeking, performing due diligence on and
      consummating an Initial Transaction.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    11. Each
      of
      the undersigned authorizes any employer, financial institution or consumer
      credit reporting agency to release to the Underwriter and its legal
      representatives or agents (including any investigative search firm retained
      by
      the Underwriter) any information they may have about such undersigned's
      background and finances ("Information"),
      purely for the purposes of the Company's IPO (and shall thereafter hold such
      information confidential). Neither the Underwriter nor its agents shall be
      violating any of the undersigned's right of privacy in any manner in requesting
      and obtaining the Information and each of the undersigned hereby releases them
      from liability for any damage whatsoever in that connection.

    

    12. As
      used
      herein, (i) an "Initial Transaction" shall mean an acquisition by merger,
      capital stock exchange, asset or stock acquisition or other similar business
      combination of one or more operating business or businesses, or a series of
      such
      transactions, that has a fair market value of at least 80% of the Company's
      net
      worth at the time of such transaction; (ii) "Insiders" shall mean all
      officers, directors and stockholders of the Company immediately prior to the
      IPO; (iii) "Insider Shares" shall mean all of the shares of Common Stock of
      the Company owned by an Insider prior to the IPO and (iv) "IPO Shares"
      shall mean the shares of Common Stock issued in the Company's IPO.

    

    [Remainder
      of Page Intentionally Left Blank.]

    
 

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, each of the undersigned has executed this Letter Agreement
      as
      of the date first written above.

     

    
      	 	 	 	 
	
            	 	 	
              /s/
                Christopher R. Thomas

            
	
            	 	 	
              

              Name:
                Christopher R. Thomas

            

       

      
        	 	 	 	 
	
              	 	 	
                /s/
                  Clyde E. Culp III

              
	
              	 	 	
                

                
                  Name:
                    Clyde E. Culp III

                

              

         

        
          	 	 	 	 
	
                	 	 	
                  /s/
                    John Creed

                
	
                	 	 	
                  

                  
                    
                      Name:
                        John
                        Creed

                    

                  

                

 

      

    

    [SIGNATURE
      PAGE TO LETTER AGREEMENT]

     

    
      
         

      

      
        4Exhibit
      10.3

     

    INVESTMENT
      MANAGEMENT TRUST AGREEMENT

     

    This
      Agreement is made as of December 15, 2006 by and between Restaurant Acquisition
      Partners, Inc., a Delaware corporation (the “Company”),
      and
Continental
      Stock Transfer & Trust Company,
      a New
      York corporation (the “Trustee”).

     

    WHEREAS,
      the Company's Registration Statement, No. 333-129316 on Form S-1 (“Registration
      Statement”),
      for
      its initial public offering of securities (“IPO”)
      has
      been declared effective as of December 14, 2006 by the Securities and Exchange
      Commission (“Effective
      Date”);

     

    WHEREAS,
      concurrently with the IPO the initial stockholders are purchasing an aggregate
      of 1,500,000 warrants of the Company for aggregate consideration of $960,000
      (the “Insider
      Warrants”);
      and

     

    WHEREAS,
      as described in the Company's Registration Statement, and in accordance with
      the
      Company's Fourth Amended and Restated Certificate of Incorporation, $19,535,000
      of the gross proceeds of the IPO and the Insider Warrants ($22,392,500 if the
      underwriter’s over-allotment option is exercised in full) will be delivered to
      the Trustee to be deposited and held in a trust account for the benefit of
      the
      Company and the holders of the Company's common stock, par value $.0001 per
      share, issued in the IPO as hereinafter provided (the amount to be delivered
      to
      the Trustee will be referred to herein as the “Property;”
the
      stockholders for whose benefit the Trustee shall hold the Property will be
      referred to as the “Public
      Stockholders,”
and
      the
      Public Stockholders and the Company will be referred to together as the
“Beneficiaries”);
      and

     

    WHEREAS,
      the Company and the Trustee desire to enter into this Agreement to set forth
      the
      terms and conditions pursuant to which the Trustee shall hold the
      Property;

     

    IT
      IS
      AGREED:

     

    1. Agreements
      and Covenants of Trustee.
      The
      Trustee hereby agrees and covenants:

     

    (a) That
      the
      recitals above are made a part of this Agreement;

     

    (b) To
      hold
      the Property in trust for the Beneficiaries in accordance with the terms of
      this
      Agreement, including the terms of Section 11-51-302(6) of the Colorado Revised
      Statutes, in segregated trust accounts (collectively, the “Trust
      Account”)
      established by the Trustee at JPMorgan Chase and Morgan Stanley;

     

    (c) To
      manage, supervise and administer the Trust Account subject to the terms and
      conditions set forth herein;

     

    (d) In
      a
      timely manner, upon the instruction of the Company, to invest and reinvest
      the
      Property in any “Government
      Security.”
      As used
      herein, Government Security means any Treasury Bill issued by the United States,
      having a maturity of one hundred and eighty days or less;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (e) To
      collect and receive, when due, all principal and income arising from the
      Property, which shall become part of the “Property,”
      as such
      term is used herein;

     

    (f) To
      release to the Company from time to time, upon the instruction of the Company,
      interest and other earnings on the Trust Account, up to maximum aggregate amount
      of $1,025,000, after giving effect to applicable taxes.

     

    (g) To
      notify
      the Company of all communications received by it with respect to any Property
      requiring action by the Company;

     

    (h) To
      supply
      any necessary information or documents as may be requested by the Company in
      connection with the Company's preparation of the tax returns for the Trust
      Account;

     

    (i) To
      participate in any plan or proceeding for protecting or enforcing any right
      or
      interest arising from the Property if, as and when instructed by the Company
      to
      do so;

     

    (j) To
      render
      to the Company, at the addresses specified in Section 5(e) of this Agreement,
      and to such other person as the Company may instruct, monthly written statements
      of the activities of and amounts in the Trust Account reflecting all receipts
      and disbursements of the Trust Account; and

     

    (k) To
      commence liquidation of the Trust Account only after receipt of and only in
      accordance with the terms of a letter (“Termination
      Letter”),
      in a
      form substantially similar to that attached hereto as either Exhibit A or
      Exhibit B, signed on behalf of the Company by its Chief Executive Officer,
      President, Secretary or Chairman of the Board, and complete the liquidation
      of
      the Trust Account and distribute the Property in the Trust Account only as
      directed in the Termination Letter and the other documents referred to
      therein.

     

    2. Agreements
      and Covenants of the Company.
      The
      Company hereby agrees and covenants to:

     

    (a) Give
      all
      instructions to the Trustee hereunder in writing, signed by the Company's Chief
      Executive Officer, President, Secretary or Chairman of the Board. In addition,
      except with respect to its duties under paragraph 1(j) above, the Trustee shall
      be entitled to rely on, and shall be protected in relying on, any verbal or
      telephonic advice or instruction which it in good faith believes to be given
      by
      any one of the persons authorized above to give written instructions, provided
      that the Company shall promptly confirm such instructions in
      writing;

     

    (b) Hold
      the
      Trustee harmless and indemnify the Trustee from and against, any and all
      expenses, including reasonable counsel fees and disbursements, or loss suffered
      by the Trustee in connection with any action, suit or other proceeding brought
      against the Trustee involving any claim, or in connection with any claim or
      demand which in any way arises out of or relates to this Agreement, the services
      of the Trustee hereunder or the Property or any income earned from investment
      of
      the Property, except for expenses and losses resulting from the Trustee's breach
      of any provision of this Agreement or gross negligence or willful misconduct.
      Promptly after the receipt by the Trustee of notice of demand or claim or the
      commencement of any action, suit or proceeding, pursuant to which the Trustee
      intends to seek indemnification under this paragraph, it shall notify the
      Company in writing of such claim (hereinafter referred to as the “Indemnified
      Claim”),
      and
      the Company shall have no liability for any Indemnified Claim to the extent
      prejudiced by the failure of the Trustee to give notice promptly. The Trustee
      shall have the right to conduct and manage the defense against such Indemnified
      Claim, provided, that the Trustee shall obtain the prior written consent of
      the
      Company with respect to both the selection of counsel and the settlement of
      any
      claim, which consent shall not be unreasonably withheld. The Company may
      participate in such action with its own counsel; and

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (c) Pay
      the
      Trustee an initial acceptance fee of $1,000 and an annual fee of $1,200 (it
      being expressly understood that the Property shall not be used to pay such
      fee).
      The Company shall pay the Trustee the initial acceptance fee and first year's
      fee at the consummation of the IPO and thereafter on the anniversary of the
      Effective Date. The Trustee shall refund to the Company the fee (on a pro rata
      basis) with respect to any period after the liquidation of the Trust Fund.
      The
      Company shall not be responsible for any other fees or charges of the Trustee
      except as may be provided in paragraph 2(b) hereof (it being expressly
      understood that the Property shall not be used to make any payments to the
      Trustee under such paragraph).

     

    3. Limitations
      of Liability.
      The
      Trustee shall have no responsibility or liability to:

     

    (a) Take
      any
      action with respect to the Property, other than as directed in paragraph 1
      hereof and the Trustee shall have no liability to any party except for liability
      arising out of its own gross negligence or willful misconduct;

     

    (b) Institute
      any proceeding for the collection of any principal and income arising from,
      or
      institute, appear in or defend any proceeding of any kind with respect to,
      any
      of the Property unless and until it shall have received instructions from the
      Company given as provided herein to do so and the Company shall have advanced
      or
      guaranteed to it funds sufficient to pay any expenses incident
      thereto;

     

    (c) Change
      the investment of any Property, other than in compliance with paragraph
      1(c);

     

    (d) Refund
      any depreciation in principal of any Property;

     

    (e) Assume
      that the authority of any person designated by the Company to give instructions
      hereunder shall not be continuing unless provided otherwise in such designation,
      or unless the Company shall have delivered a written revocation of such
      authority to the Trustee;

     

    (f) The
      other
      parties hereto or to anyone else for any action taken or omitted by it, or
      any
      action suffered by it to be taken or omitted, in good faith and in the exercise
      of its own best judgment, except for the Trustee's breach of any provision
      of
      this Agreement or its gross negligence or willful misconduct. The Trustee may
      rely conclusively and shall be protected in acting upon any order, notice,
      demand, certificate, opinion or advice of counsel (including counsel chosen
      by
      the Trustee), statement, instrument, report or other paper or document (not
      only
      as to its due execution and the validity and effectiveness of its provisions,
      but also as to the truth and acceptability of any information therein contained)
      which is believed by the Trustee, in good faith, to be genuine and to be signed
      or presented by the proper person or persons. The Trustee shall not be bound
      by
      any notice or demand, or any waiver, modification, termination or rescission
      of
      this agreement or any of the terms hereof, unless evidenced by a written
      instrument delivered to the Trustee signed by the proper party or parties and,
      if the duties or rights of the Trustee are affected, unless it shall give its
      prior written consent thereto;

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (g) Verify
      the correctness of the information set forth in the Registration Statement
      or to
      confirm or assure that any acquisition made by the Company or any other action
      taken by it is as contemplated by the Registration Statement; and

     

    (h) Pay
      any
      taxes on behalf of the Trust Account (it being expressly understood that the
      Property shall not be used to pay any such taxes and that such taxes, if any,
      shall be paid by the Company from funds not held in the Trust
      Account).

     

    4. Termination.
      This
      Agreement shall terminate as follows:

     

    (a) If
      the
      Trustee gives written notice to the Company that it desires to resign under
      this
      Agreement, the Company shall use its reasonable efforts to locate a successor
      trustee. At such time that the Company notifies the Trustee that a successor
      trustee has been appointed by the Company and has agreed to become subject
      to
      the terms of this Agreement, the Trustee shall transfer the management of the
      Trust Account to the successor trustee, including but not limited to the
      transfer of copies of the reports and statements relating to the Trust Account,
      whereupon this Agreement shall terminate; provided, however, that, in the event
      that the Company does not locate a successor trustee within ninety days of
      receipt of the resignation notice from the Trustee, the Trustee may submit
      an
      application to have the Property deposited with the United States District
      Court
      for the Southern District of New York and upon such deposit, the Trustee shall
      be immune from any liability whatsoever;

     

    (b) At
      such
      time that the Trustee has completed the liquidation of the Trust Account in
      accordance with the provisions of paragraph 1(j) hereof, and distributed the
      Property in accordance with the provisions of the Termination Letter, this
      Agreement shall terminate except with respect to Paragraph 2(b); or

     

    (c) On
      such
      date after June 20, 2008, when the Trustee deposits the Property with the United
      States District Court for the Southern District of New York in the event that,
      prior to such date, the Trustee has not received a Termination Letter from
      the
      Company pursuant to paragraph 1(j).

     

    5. Miscellaneous.

     

    (a) The
      Company and the Trustee each acknowledge that the Trustee will follow the
      security procedures set forth below with respect to funds transferred from
      the
      Trust Account. Upon receipt of written instructions, the Trustee will confirm
      such instructions with an Authorized Individual at an Authorized Telephone
      Number listed on the attached Exhibit C. The Company and the Trustee will each
      restrict access to confidential information relating to such security procedures
      to authorized persons. Each party must notify the other party immediately if
      it
      has reason to believe unauthorized persons may have obtained access to such
      information, or of any change in its authorized personnel. In executing funds
      transfers, the Trustee will rely upon account numbers or other identifying
      numbers of a beneficiary, beneficiary's bank or intermediary bank, rather than
      names. The Trustee shall not be liable for any loss, liability or expense
      resulting from any error in an account number or other identifying number,
      provided it has accurately transmitted the numbers provided.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (b) This
      Agreement 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. It
      may
      be executed in several counterparts, each one of which shall constitute an
      original, and together shall constitute but one instrument.

     

    (c) This
      Agreement contains the entire agreement and understanding of the parties hereto
      with respect to the subject matter hereof. This Agreement or any provision
      hereof may only be changed, amended or modified by a writing signed by each
      of
      the parties hereto. As to any claim, cross claim or counterclaim in any way
      relating to this Agreement, each party waives the right to trial by
      jury.

     

    (d) The
      parties hereto consent to the jurisdiction and venue of any state or federal
      court located in the State of New York for purposes of resolving any disputes
      hereunder.

     

    (e) Any
      notice, consent or request to be given in connection with any of the terms
      or
      provisions of this Agreement shall be in writing and shall be sent by express
      mail or similar private courier service, by certified mail (return receipt
      requested), by hand delivery or by facsimile transmission:

     

    if
      to the
      Trustee, to:

     

    Continental
      Stock Transfer & Trust Company

    17
      Battery Place

    New
      York,
      NY 10004

    Attn:
      Steven G. Nelson

    Tel:
      (212) 845-3200 

    Fax:
      (212) 509-5150

     

    if
      to the
      Company, to:

     

    Restaurant
      Acquisition Partners, Inc.

    5950
      Hazeltine National Drive, Suite 290

    Orlando,
      Florida 32822

    Attn:
      Christopher R. Thomas, Chief Executive Officer and President

    Tel:
      (407) 240-9190

    Fax:
      (407) 240-9176

     

    With
      a
      copy to:

     

    Pillsbury
      Winthrop Shaw Pittman LLP

    1540
      Broadway

    New
      York,
      New York 10036

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

    Tel:
      (212) 858-1000

    Fax:
      (212) 298-9931

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    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

     

    and:

     

    Greenberg
      Traurig, P.A.

    777
      South
      Flagler Drive

    Suite
      300
      East

    West
      Palm
      Beach, FL 33401

    Attn:
      Morris C. Brown, Esq.

     

    (f) This
      Agreement may not be assigned by the Trustee without the prior consent of the
      Company.

     

    (g) Each
      of
      the Trustee and the Company hereby represents that it has the full right and
      power and has been duly authorized to enter into this Agreement and to perform
      its respective obligations as contemplated hereunder.

     

    (h) The
      Trustee acknowledges and agrees that it shall not make any claims or proceed
      against the Trust Account, including by way of set-off, and shall not be
      entitled to any funds in the Trust Account under any circumstance.

     

    [Remainder
      of Page Intentionally Left Blank.]

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

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

    
      	 	 	 
	 	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/
              Frank A. DiPaolo  
	 	
              
Name:
              Frank A. DiPaolo
	 	Title:
              CFO

    

    

    [Signature
      Page to Investment Management Trust
      Agreement]

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

     

    RESTAURANT
      ACQUISITION PARTNERS, INC.

     

    [Insert
      Date]

     

    Attn:

     

    Re:
      Trust
      Account No.
      [                                ]—Termination
      Letter

     

    Ladies
      and Gentlemen:

     

    Pursuant
      to paragraph 1(k) of the Investment Management Trust Agreement between
      Restaurant Acquisition Partners, Inc., a Delaware corporation (“Company”),
      and
      Continental Stock Transfer & Trust Company
      Transfer
      Agent, a New York corporation (“Trustee”),
      dated
      as of December 15, 2006 (“Trust
      Agreement”),
      this
      is to advise you that the Company has entered into an agreement (“Business
      Agreement”)
      with
      [Insert Name of Target] (“Target
      Business”)
      to
      consummate a business combination with Target Business (“Business
      Combination”)
      on or
      about [Insert Date]. The Company shall notify you at least 48 hours in advance
      of the actual date of the consummation of the Business Combination (“Consummation
      Date”).

     

    In
      accordance with the terms of the Trust Agreement, we hereby authorize you to
      commence liquidation of the Trust Account to the effect that, on the
      Consummation Date, all of the funds held in the Trust Account will be
      immediately available for transfer to the account or accounts that the Company
      shall direct on the Consummation Date.

     

    On
      the
      Consummation Date (i) the Company shall deliver to you written notification
      that
      (a) the Business Combination has been consummated and (b) the provisions of
      Section 11 51 302(6) and Rule 51 3.4 of the Colorado Revised Statutes have
      been
      met, and (ii) the Company shall deliver to you written instructions with respect
      to the transfer of the funds held in the Trust Account (“Instruction
      Letter”).
      [Such
      Instruction Letter to include instructions to pay the deferred underwriting
      discount the deferred non-accountable expense to the Underwriter.] You are
      hereby directed and authorized to transfer the funds held in the Trust Account
      immediately upon your receipt of the Instruction Letter, in accordance with
      the
      terms of the Instruction Letter. In the event that certain deposits held in
      the
      Trust Account may not be liquidated by the Consummation Date without penalty,
      you will notify the Company of the same and the Company shall issue written
      instructions directing you as to whether such funds should remain in the Trust
      Account and distributed after the Consummation Date to the Company. Upon the
      distribution of all the funds in the Trust Account pursuant to the terms hereof,
      the Trust Agreement shall be terminated.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    In
      the
      event that the Business Combination is not consummated on the Consummation
      Date
      described in the notice thereof and we have not notified you on or before the
      original Consummation Date of a new Consummation Date, then the funds held
      in
      the Trust Account shall be reinvested as provided in the Trust Agreement on
      the
      business day immediately following the Consummation Date as set forth in the
      notice.

    
      	 	 	 
	 	
              Very
                truly
                yours,

              Restaurant
                Acquisition Partners, Inc.

            
	 
 	 
 	 
 
	 	By:  	 
	 	 	
              

            
	 	By:	 
	 	 	
              

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

    

    EXHIBIT
      B

     

    RESTAURANT
      ACQUISITION PARTNERS, INC.

     

    [Insert
      Date]

     

    Attn:

     

    Re:
      Trust
      Account No.
      [              
]—Termination Letter

     

    Ladies
      and Gentlemen:

     

    Pursuant
      to paragraph 1(k) of the Investment Management Trust Agreement between
      Restaurant Acquisition Partners, Inc., a Delaware corporation (“Company”),
      and
Continental
      Stock Transfer & Trust Company,
      a New
      York corporation (“Trustee”),
      dated
      as of December 15, 2006 (“Trust
      Agreement”),
      this
      is to advise you that the Board of Directors of the Company has voted to
      dissolve and liquidate the Company. Attached hereto is a copy of the minutes
      of
      the meeting of the Board of Directors of the Company relating thereto, certified
      by the Secretary of the Company as true and correct and in full force and
      effect.

     

    In
      accordance with the terms of the Trust Agreement, we hereby (a) certify to
      you
      that the provisions of Section 11 51 302(6) and Rule 51 3.4 of the Colorado
      Revised Statutes have been met and (b) authorize you, to commence liquidation
      of
      the Trust Account. You will notify the Company and JPMorgan Chase (“Designated
      Paying Agent”)
      in
      writing as to when all of the funds in the Trust Account will be available
      for
      immediate transfer (“Transfer
      Date”).

     

    The
      Designated Paying Agent shall thereafter notify you as to the account or
      accounts of the Designated Paying Agent that the funds in the Trust Account
      should be transferred to on the Transfer Date so that the Designated Paying
      Agent may commence distribution of such funds in accordance with the Company's
      instructions. You shall have no obligation to oversee the Designated Paying
      Agent's distribution of the funds. Upon the payment to the Designated Paying
      Agent of all the funds in the Trust Account, the Trust Agreement shall be
      terminated.

    
      	 	 	 
	 	
              Very
                truly
                yours,

              Restaurant
                Acquisition Partners, Inc.

            
	 
 	 
 	 
 
	 	By:  	 
	 	 	
              

            
	 	By:	 
	 	 	
              

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      C

     

    AUTHORIZED
      INDIVIDUAL(S)

    AUTHORIZED
      FOR TELEPHONE CALL BACK TELEPHONE NUMBER(S)

     

    COMPANY:

     

    Restaurant
      Acquisition Partners, Inc.

    5950
      Hazeltine National Drive, Suite 290

    Orlando,
      Florida 32822

    Attn:
      Christopher R. Thomas, Chief Executive Officer and President

     

    TRUSTEE:

     

    Continental
      Stock Transfer & Trust Company

    17
      Battery Place

    New
      York,
      NY 10004

    Attention:
      Steven G. Nelson

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