Document:

Unassociated Document

    EXHIBIT
4.1

     

    THESE
SECURITIES AND THE UNDERLYING SHARES OF COMMON STOCK HAVE NOT BEEN REGISTERED
WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY
STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED
OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION
NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN
ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION
OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE
REASONABLY ACCEPTABLE TO THE COMPANY.  THESE SECURITIES MAY BE PLEDGED
IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR
OTHER LOAN WITH A FINANCIAL INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS
DEFINED IN RULE 501(a) UNDER THE SECURITIES ACT.

     

    COMMON
STOCK PURCHASE WARRANT

    

    To
Purchase 703,455 Shares of Common Stock of

     

    SRKP
20, Inc.

     

    THIS
COMMON STOCK PURCHASE WARRANT CERTIFIES that, for value received, [WARRANT
HOLDER] (the “Holder”), is
entitled, upon the terms and subject to the limitations on exercise and the
conditions hereinafter set forth, at any time on or after the date hereof (the
“Initial Exercise
Date”) and on or prior to the close of business on the earlier of (i) the
tenth anniversary of the Initial Exercise Date or (ii) five years from the date
the Company (as defined below) consummates a merger or other business
combination with an operating business or any other event pursuant to which the
Company ceases to be a “shell company,” as defined by Rule 12b-2 under the
Securities Exchange Act of 1934 and a “blank check company,” as defined by Rule
419 of the Securities Act (the “Termination Date”)
but not thereafter, to subscribe for and purchase from SRKP 20, Inc., a Delaware
corporation (the “Company”), up to
703,455 shares (the
“Warrant
Shares”) of the Company’s common stock, par value $.0001 per share (the
“Common
Stock”).  The purchase price of one share of Common Stock (the
“Exercise
Price”) under this Warrant shall be $0.0001, subject to adjustment
hereunder.  The Exercise Price and the number of Warrant Shares for
which the Warrant is exercisable shall be subject to adjustment as provided
herein.

    

    1.      Title to
Warrant.  At any time after the Repurchase Period (as defined
in Section 4 herein), prior to the Termination Date and subject to compliance
with applicable laws and Section 8 of this Warrant, this Warrant and all rights
hereunder are transferable, in whole or in part, at the office or agency of the
Company by the Holder in person or by duly authorized attorney, upon surrender
of this Warrant together with the Assignment Form annexed hereto properly
endorsed.  The transferee shall sign an investment letter in form and
substance reasonably satisfactory to the Company.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.      Authorization of
Shares.  The Company covenants that all Warrant Shares which
may be issued upon the exercise of the purchase rights represented by this
Warrant will, upon exercise of the purchase rights represented by this Warrant,
be duly authorized, validly issued, fully paid and nonassessable and free from
all taxes, liens and charges in respect of the issue thereof (other than taxes
in respect of any transfer occurring contemporaneously with such
issue).

     

    3.      Exercise
of Warrant.

     

    (a)           Except
as provided in Section 5 herein, exercise of the purchase rights represented by
this Warrant may be made at any time or times on or after the Initial Exercise
Date and on or before the Termination Date by the surrender of this Warrant and
the Notice of Exercise Form annexed hereto duly executed, at the office of the
Company (or such other office or agency of the Company as it may designate by
notice in writing to the registered Holder at the address of such Holder
appearing on the books of the Company).  Upon payment of the Exercise
Price of the shares thereby purchased by wire transfer or cashier’s check drawn
on a United States bank, the Holder shall be entitled to receive a certificate
for the number of Warrant Shares so purchased.  Certificates for
Warrant Shares purchased hereunder shall be delivered to the Holder within five
(5) business days after the date on which this Warrant shall have been exercised
as aforesaid. This Warrant shall be deemed to have been exercised and such
certificate or certificates shall be deemed to have been issued, and Holder or
any other person so designated to be named therein shall be deemed to have
become a holder of record of such Warrant Shares for all purposes, as of the
date the Warrant has been exercised by payment to the Company of the Exercise
Price and all taxes required to be paid by the Holder, if any, pursuant to
Section 6 prior to the issuance of such shares, have been paid.  If
the Company fails to deliver to the Holder a certificate or certificates
representing the Warrant Shares pursuant to this Section 3(a) by the fifth
business day after the date of exercise, then the Holder will have the right to
rescind such exercise by written notice to the Company.

     

    (b)           If
this Warrant shall have been exercised in part, the Company shall, at the time
of delivery of the certificate or certificates representing Warrant Shares,
deliver to Holder a new Warrant evidencing the rights of Holder to purchase the
unpurchased Warrant Shares called for by this Warrant, which new Warrant shall
in all other respects be identical with this Warrant.

     

    
      
         

      

      
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    (c)              This
Warrant may also be exercised, in whole or in part, at any time prior to the
Termination Date, by means of a “cashless exercise” in which the Holder shall be
entitled to receive a certificate for the number of Warrant Shares equal to the
quotient obtained by dividing [(A-B) (X)] by (A), where:

     

    
      	
               
      

            	
              (A)
      = the closing bid price on the trading day preceding the date of such
      election;

            

    

    

    
      	
               
      

            	
              (B)
      = the Exercise Price of the Warrants, as adjusted;
  and

            

    

    

    
      	
                
      

            	
               
      (X) = the number of Warrant Shares issuable upon exercise of the Warrants
      in accordance
      with the terms of 

                         
      this Warrant.

            

    

    

    4.      Repurchase Option.
For a period of one year from the date of this Agreement (the “Repurchase
Period”), the Company shall have an irrevocable, exclusive option, but not the
obligation, to repurchase all or any portion of this Warrant (the "Repurchase
Option").  The Repurchase Option shall be exercisable at a price equal to
the purchase price as set forth in that certain Warrant Purchase Agreement,
dated November 3,
2010 by and between the Company and the HOLDER (the "Repurchase
Price"). The Repurchase Option shall be exercisable by the Company, at any time,
by delivering written notice (the “Repurchase Notice”) to the Purchaser of its
election to exercise its Repurchase Option. The Repurchase Notice shall provide
(i) that the Company is exercising its Repurchase Option in connection with this
Agreement; (ii) whether the Company is repurchasing all of or a portion of, the
Warrant (the Repurchased Warrant”) and (iii) the aggregate Repurchase Price to
be paid for the Repurchased Warrant.  The Repurchase Notice shall be
accompanied by a check made out in the name of the Purchaser, or other
immediately available funds, for an amount equal to the Repurchase Price. Upon
delivery of the Repurchase Notice and the Repurchase Price, the Warrant so
repurchased and all rights and interests therein or relating thereto shall be
deemed canceled and the Company shall have the right to retain and transfer to
its own name the Repurchased Warrant. The Repurchase Option set forth in this
Section may be assigned by the Company in whole or in part in its sole
discretion. If at any time during the Repurchase Period, the Company consummates
(a) a merger or other business combination with an operating business or (b) a
transaction pursuant to which the Company ceases to be a “shell company,” as
defined by Rule 12b-2 under the Securities Exchange Act of 1934, as amended and
a “blank check company” as defined by Rule 419 of the Securities Act of 1933, as
amended, the Repurchase Option shall terminate thereupon.

     

    5.      No Fractional Shares or
Scrip.  No fractional shares or scrip representing fractional
shares shall be issued upon the exercise of this Warrant.  As to any
fraction of a share which Holder would otherwise be entitled to purchase upon
such exercise, the Company shall pay a cash adjustment in respect of such final
fraction in an amount equal to such fraction multiplied by the Exercise
Price.

     

    6.      Charges, Taxes and
Expenses.  Issuance of certificates for Warrant Shares shall be
made without charge to the Holder for any issue or transfer tax or other
incidental expense in respect of the issuance of such certificate, all of which
taxes and expenses shall be paid by the Company, and such certificates shall be
issued in the name of the Holder or in such name or names as may be directed by
the Holder; provided, however, that in the event certificates for Warrant Shares
are to be issued in a name other than the name of the Holder, this Warrant when
surrendered for exercise shall be accompanied by the Assignment Form attached
hereto duly executed by the Holder; and the Company may require, as a condition
thereto, the payment of a sum sufficient to reimburse it for any transfer tax
incidental thereto.

     

    
      
         

      

      
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    7.      Closing of
Books.  The Company will not close its stockholder books or
records in any manner which prevents the timely exercise of this Warrant,
pursuant to the terms hereof.

     

    8.      Transfer, Division and
Combination.

     

    (a)           Subject
to compliance with any applicable securities laws and the conditions set forth
in Sections 1 and 8(e) hereof, this Warrant and all rights hereunder are
transferable, in whole or in part, upon surrender of this Warrant at the
principal office of the Company, together with a written assignment of this
Warrant substantially in the form attached hereto duly executed by the Holder or
its agent or attorney and funds sufficient to pay any transfer taxes payable
upon the making of such transfer.  Upon such surrender and, if
required, such payment, the Company shall execute and deliver a new Warrant or
Warrants in the name of the assignee or assignees and in the denomination or
denominations specified in such instrument of assignment, and shall issue to the
assignor a new Warrant evidencing the portion of this Warrant not so assigned,
and this Warrant shall promptly be cancelled.  A Warrant, if properly
assigned, may be exercised by a new holder for the purchase of Warrant Shares
without having a new Warrant issued.

     

    (b)      
   This Warrant may be divided or combined with other Warrants
upon presentation hereof at the aforesaid office of the Company, together with a
written notice specifying the names and denominations in which new Warrants are
to be issued, signed by the Holder or its agent or attorney.  Subject
to compliance with Section 8(a), as to any transfer which may be involved in
such division or combination, the Company shall execute and deliver a new
Warrant or Warrants in exchange for the Warrant or Warrants to be divided or
combined in accordance with such notice.

     

    (c)           The
Company shall prepare, issue and deliver at its own expense (other than transfer
taxes) the new Warrant or Warrants under this Section 8.

     

    (d)           The
Company agrees to maintain, at its aforesaid office, books for the registration
and the registration of transfer of the Warrants.

     

    (e)           If,
at the time of the surrender of this Warrant in connection with any transfer of
this Warrant, the transfer of this Warrant shall not be registered pursuant to
an effective registration statement under the Securities Act and under
applicable state securities or blue sky laws, the Company may require, as a
condition of allowing such transfer, (i) that the Holder or transferee of this
Warrant, as the case may be, furnish to the Company a written opinion of counsel
reasonably acceptable to the Company (which opinion shall be in form, substance
and scope customary for opinions of counsel in comparable transactions) to the
effect that such transfer may be made without registration under the Securities
Act and under applicable state securities or blue sky laws and (ii) that the
holder or transferee execute and deliver to the Company an investment letter in
form and substance acceptable to the Company.

     

    
      
         

      

      
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    9.   
No Rights as
Shareholder until Exercise.  This Warrant does not entitle the
Holder to any voting rights or other rights as a shareholder of the Company
prior to the exercise hereof.  Upon the surrender of this Warrant and
the payment of the aggregate Exercise Price, the Warrant Shares so purchased
shall be and be deemed to be issued to such Holder as the record owner of such
shares as of the close of business on the later of the date of such surrender or
payment.

     

    10. 
Loss, Theft,
Destruction or Mutilation of Warrant.  The Company covenants
that upon receipt by the Company of evidence reasonably satisfactory to it of
the loss, theft, destruction or mutilation of this Warrant or any stock
certificate relating to the Warrant Shares, and in case of loss, theft or
destruction, of indemnity or security reasonably satisfactory to it (which, in
the case of the Warrant, shall not include the posting of any bond), and upon
surrender and cancellation of such Warrant or stock certificate, if mutilated,
the Company will make and deliver a new Warrant or stock certificate of like
tenor and dated as of such cancellation, in lieu of such Warrant or stock
certificate.

     

    11.   Saturdays, Sundays,
Holidays, etc.  If the last or appointed day for the taking of
any action or the expiration of any right required or granted herein shall be a
Saturday, Sunday or a legal holiday, then such action may be taken or such right
may be exercised on the next succeeding day not a Saturday, Sunday or legal
holiday.

     

    12.   Adjustments of Exercise
Price and Number of Warrant Shares.  The number and kind of
securities purchasable upon the exercise of this Warrant and the Exercise Price
shall be subject to adjustment from time to time upon the happening of any of
the following.  In case the Company shall (i) pay a dividend in shares
of Common Stock or make a distribution in shares of Common Stock to holders of
its outstanding Common Stock, (ii) subdivide its outstanding shares of Common
Stock into a greater number of shares, (iii) combine its outstanding shares of
Common Stock into a smaller number of shares of Common Stock, or (iv) issue any
shares of its capital stock in a reclassification of the Common Stock, then in
each such case the number of Warrant Shares purchasable upon exercise of this
Warrant immediately prior thereto shall be adjusted so that the Holder shall be
entitled to receive the kind and number of Warrant Shares or other securities of
the Company which it would have owned or have been entitled to receive had such
Warrant been exercised in advance thereof.  Upon each such adjustment
of the kind and number of Warrant Shares or other securities of the Company
which are purchasable hereunder, the Holder shall thereafter be entitled to
purchase the number of Warrant Shares or other securities resulting from such
adjustment at an Exercise Price per Warrant Share or other security obtained by
multiplying the Exercise Price in effect immediately prior to such adjustment by
the number of Warrant Shares purchasable pursuant hereto immediately prior to
such adjustment and dividing by the number of Warrant Shares or other securities
of the Company resulting from such adjustment.  An adjustment made
pursuant to this paragraph shall become effective immediately after the
effective date of such event retroactive to the record date, if any, for such
event.

     

    
      
         

      

      
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    13.        
   Reorganization,
Reclassification, Merger, Consolidation or Disposition of
Assets.  In case the Company shall reorganize its capital,
reclassify its capital stock, consolidate or merge with or into another
corporation (where the Company is not the surviving corporation or where there
is a change in or distribution with respect to the Common Stock of the Company),
or sell, transfer or otherwise dispose of all or substantially all its property,
assets or business to another corporation and, pursuant to the terms of such
reorganization, reclassification, merger, consolidation or disposition of
assets, shares of common stock of the successor or acquiring corporation, or any
cash, shares of stock or other securities or property of any nature whatsoever
(including warrants or other subscription or purchase rights) in addition to or
in lieu of common stock of the successor or acquiring corporation (“Other
Property”), are to be received by or distributed to the holders of Common Stock
of the Company, then the Holder shall have the right thereafter to receive, at
the option of the Holder, upon exercise of this Warrant, the number of shares of
Common Stock of the successor or acquiring corporation or of the Company, if it
is the surviving corporation, and Other Property receivable upon or as a result
of such reorganization, reclassification, merger, consolidation or disposition
of assets by a Holder of the number of shares of Common Stock for which this
Warrant is exercisable immediately prior to such event.  In case of
any such reorganization, reclassification, merger, consolidation or disposition
of assets, the successor or acquiring corporation (if other than the Company)
shall expressly assume the due and punctual observance and performance of each
and every covenant and condition of this Warrant to be performed and observed by
the Company and all the obligations and liabilities hereunder, subject to such
modifications as may be deemed appropriate (as determined in good faith by
resolution of the Board of Directors of the Company) in order to provide for
adjustments of Warrant Shares for which this Warrant is exercisable which shall
be as nearly equivalent as practicable to the adjustments provided for in this
Section 13.  For purposes of this Section 13, “common stock of the
successor or acquiring corporation” shall include stock of such corporation of
any class which is not preferred as to dividends or assets over any other class
of stock of such corporation and which is not subject to redemption and shall
also include any evidences of indebtedness, shares of stock or other securities
which are convertible into or exchangeable for any such stock, either
immediately or upon the arrival of a specified date or the happening of a
specified event and any warrants or other rights to subscribe for or purchase
any such stock.  The foregoing provisions of this Section 13 shall
similarly apply to successive reorganizations, reclassifications, mergers,
consolidations or disposition of assets.

     

    14.      
     Voluntary Adjustment by the
Company.  The Company may at any time during the term of this
Warrant reduce the then current Exercise Price to any amount and for any period
of time deemed appropriate by the Board of Directors of the
Company.

     

    15.      
     Notice of
Adjustment.  Whenever the number of Warrant Shares or number or
kind of securities or other property purchasable upon the exercise of this
Warrant or the Exercise Price is adjusted, as herein provided, the Company shall
give notice thereof to the Holder, which notice shall state the number of
Warrant Shares (and other securities or property) purchasable upon the exercise
of this Warrant and the Exercise Price of such Warrant Shares (and other
securities or property) after such adjustment, setting forth a brief statement
of the facts requiring such adjustment and setting forth the computation by
which such adjustment was made.

     

    16.       
    Notice of Corporate Action.  If at any
time:

     

    (a)           the
Company shall take a record of the holders of its Common Stock for the purpose
of entitling them to receive a dividend or other distribution, or any right to
subscribe for or purchase any evidences of its indebtedness, any shares of stock
of any class or any other securities or property, or to receive any other right,
or

     

    
      
         

      

      
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    (b)           there
shall be any capital reorganization of the Company, any reclassification or
recapitalization of the capital stock of the Company or any consolidation or
merger of the Company with, or any sale, transfer or other disposition of all or
substantially all the property, assets or business of the Company to, another
corporation or,

     

    (c)           there
shall be a voluntary or involuntary dissolution, liquidation or winding up of
the Company;

     

    then, in
any one or more of such cases (but not in such cases if the rights of the Holder
or holders of Common Stock will not be materially affected thereby, as for
example in the case of a merger to effect a change of domicile), the Company
shall give to Holder (i) at least 5 business days’ prior notice of the date on
which a record date shall be selected for such dividend, distribution or right
or for determining rights to vote in respect of any such reorganization,
reclassification, merger, consolidation, sale, transfer, disposition,
liquidation or winding up, and (ii) in the case of any such reorganization,
reclassification, merger, consolidation, sale, transfer, disposition,
dissolution, liquidation or winding up, at least 5 business days’ prior notice
of the date when the same shall take place.  Such notice in accordance
with the foregoing clause also shall specify (i) the date on which any such
record is to be taken for the purpose of such dividend, distribution or right,
the date on which the holders of Common Stock shall be entitled to any such
dividend, distribution or right, and the amount and character thereof, and (ii)
the date on which any such reorganization, reclassification, merger,
consolidation, sale, transfer, disposition, dissolution, liquidation or winding
up is to take place and the time, if any such time is to be fixed, as of which
the holders of Common Stock shall be entitled to exchange their Warrant Shares
for securities or other property deliverable upon such disposition, dissolution,
liquidation or winding up.  Each such written notice shall be
sufficiently given if addressed to Holder at the last address of Holder
appearing on the books of the Company and delivered in accordance with Section
18(d).

     

    17.  Authorized
Shares.  The Company covenants that during the period the
Warrant is outstanding, it will reserve from its authorized and unissued Common
Stock a sufficient number of shares to provide for the issuance of the Warrant
Shares upon the exercise of any purchase rights under this
Warrant.  The Company further covenants that its issuance of this
Warrant shall constitute full authority to its officers who are charged with the
duty of executing stock certificates to execute and issue the necessary
certificates for the Warrant Shares upon the exercise of the purchase rights
under this Warrant.  The Company will take all such reasonable action
as may be necessary to assure that such Warrant Shares may be issued as provided
herein without violation of any applicable law or regulation, or of any
requirements of the trading market upon which the Common Stock may be
listed.

     

    
      
         

      

      
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    Except and to the extent as waived or
consented to by the Holder, the Company shall not by any action, including,
without limitation, amending its certificate of incorporation or through any
reorganization, transfer of assets, consolidation, merger, dissolution, issue or
sale of securities or any other voluntary action, avoid or seek to avoid the
observance or performance of any of the terms of this Warrant, but will at all
times in good faith assist in the carrying out of all such terms and in the
taking of all such actions as may be necessary or appropriate to protect the
rights of Holder as set forth in this Warrant against
impairment.  Without limiting the generality of the foregoing, the
Company will (a) not increase the par value of any Warrant Shares above the
amount payable therefor upon such exercise immediately prior to such increase in
par value, (b) take all such action as may be necessary or appropriate in order
that the Company may validly and legally issue fully paid and nonassessable
Warrant Shares upon the exercise of this Warrant, and (c) use commercially
reasonable efforts to obtain all such authorizations, exemptions or consents
from any public regulatory body having jurisdiction thereof as may be necessary
to enable the Company to perform its obligations under this
Warrant.

    

    Before taking any action which would
result in an adjustment in the number of Warrant Shares for which this Warrant
is exercisable or in the Exercise Price, the Company shall obtain all such
authorizations or exemptions thereof, or consents thereto, as may be necessary
from any public regulatory body or bodies having jurisdiction
thereof.

    

    18.          Miscellaneous.

    

    (a)           Jurisdiction.  This
Warrant shall constitute a contract under the laws of Delaware, without regard
to its conflicts of laws principles or rules.

     

    (b)           Restrictions.  The
Holder acknowledges that the Warrant Shares acquired upon the exercise of this
Warrant, if not registered, will have restrictions upon resale imposed by state
and federal securities laws.

     

    (c)           Nonwaiver and
Expenses.  No course of dealing or any delay or failure to
exercise any right hereunder on the part of Holder shall operate as a waiver of
such right or otherwise prejudice Holder’s rights, powers or remedies,
notwithstanding all rights hereunder terminate on the Termination
Date.  If the Company willfully and knowingly fails to comply with any
provision of this Warrant, which results in any material damages to the Holder,
the Company shall pay to Holder such amounts as shall be sufficient to cover any
costs and expenses including, but not limited to, reasonable attorneys’ fees,
including those of appellate proceedings, incurred by Holder in collecting any
amounts due pursuant hereto or in otherwise enforcing any of its rights, powers
or remedies hereunder.

     

    (d)           Notices.  Any
notice, request or other document required or permitted to be given or delivered
pursuant to this Warrant shall be deemed to have been sufficiently given and
received for all purposes when delivered by hand or by telecopy that has been
confirmed as received by 5:00 P.M. on a business day, one (1) business day after
being sent by nationally recognized overnight courier or received by telecopy
after 5:00 P.M. on any day, or five (5) business days after being sent by
certified or registered mail, postage and charges prepaid, return receipt
requested, to the following addresses:

     

    If to the
Company:             SRKP 20,
Inc.

    4737 North Ocean Drive, Suite
207

    Lauderdale
by the Sea, FL 33308

    Attn:
Anthony C. Pintsopoulos, CFO

    

      
        
           

        

        
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    If to the
Holder:    At the Holder’s address in the Company’s Warrant
register.

    

    (e)           Limitation of
Liability.  No provision hereof, in the absence of any
affirmative action by Holder to exercise this Warrant or purchase Warrant
Shares, and no enumeration herein of the rights or privileges of Holder, shall
give rise to any liability of Holder for the purchase price of any Common Stock
or as a stockholder of the Company, whether such liability is asserted by the
Company or by creditors of the Company.

     

    (f)            Remedies.  Holder,
in addition to being entitled to exercise all rights granted by law, including
recovery of damages, will be entitled to specific performance of its rights
under this Warrant.  The Company agrees that monetary damages would
not be adequate compensation for any loss incurred by reason of a breach by it
of the provisions of this Warrant and hereby agrees to waive the defense in any
action for specific performance that a remedy at law would be
adequate.

     

    (g)           Successors and
Assigns.  Subject to applicable securities laws, this Warrant
and the rights and obligations evidenced hereby shall inure to the benefit of
and be binding upon the successors of the Company and the successors and
permitted assigns of Holder.  The provisions of this Warrant are
intended to be for the benefit of all Holders from time to time of this Warrant
and shall be enforceable by any such Holder or holder of Warrant
Shares.

     

    (h)           Amendment.  This
Warrant may be modified or amended or the provisions hereof waived with the
written consent of the Holder and the Company.

     

    (i)            Severability.  Wherever
possible, each provision of this Warrant shall be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this
Warrant shall be prohibited by or invalid under applicable law, such provision
shall be ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provisions or the remaining provisions of
this Warrant.

     

    (j)            Headings.  The
headings used in this Warrant are for the convenience of reference only and
shall not, for any purpose, be deemed a part of this Warrant.

     

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    IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its
officer thereunto duly authorized.

    

    Dated:  November
3, 2010

    
      
        
          
            
              
                
                  
                    
                      	 
      	
                               SRKP
      20, INC.

                            
	 
      	 
      
	 
      	
                              By:

                            	    
	  
      	 
      	
                              Richard
      Rappaport

                            
	  
      	  
      	
                              President

                            

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
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    NOTICE
OF EXERCISE

    

    To:           SRKP
20, Inc.

    

    (1)    The
undersigned hereby elects to purchase ________ Warrant Shares of SRKP 20, Inc.
pursuant to the terms of the attached Warrant, and tenders herewith payment of
the exercise price in full, together with all applicable transfer taxes, if
any.

     

    (2)    Please
issue a certificate or certificates representing said Warrant Shares in the name
of the undersigned or in such other name as is specified below:

     

    Name:              
     _______________________________

    

    Address:       
         _______________________________

    
         
_______________________________

     

    SS:                    
     _______________________________

    

    The
Warrant Shares shall be delivered to the following:

    

    _______________________________

    

    _______________________________

    

    _______________________________

    

    
      
        
          
            	 
      	
                    HOLDER

                  
	 
      	 
      
	 
      	
                    By:

                  	
                     
        

                  
	 
      	
                    Name:

                  
	 
      	
                    Title:

                  

          

        

      

    

    

    
      
        
          	 
      	
                  Dated:

                	
                   
        

                

        

      

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    ASSIGNMENT
FORM

    

    (To
assign the foregoing warrant, execute

    this form
and supply required information.

    Do not
use this form to exercise the warrant.)

    

    FOR VALUE
RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby
assigned to

    

    _______________________________________________
whose address is

    

    _______________________________________________________________.

    

    _______________________________________________________________

    

    Dated:  ______________,
_______

    

    Holder's
Signature:            
_____________________________

    

    Holder's
Address:              
_____________________________

    

    _____________________________

    

    Signature
Guaranteed:  ___________________________________________

    

    NOTE:  The
signature to this Assignment Form must correspond with the name as it appears on
the face of the Warrant, without alteration or enlargement or any change
whatsoever, and must be guaranteed by a bank or trust
company.  Officers of corporations and those acting in a fiduciary or
other representative capacity should file proper evidence of authority to assign
the foregoing Warrant.Unassociated Document

    Exhibit
10.1

    COMMON
STOCK PURCHASE AGREEMENT

    

    AGREEMENT entered into as of
the 3rd day of
November, 2010, by and between SRKP 20, Inc., a
Delaware corporation with an address at 4737 North Ocean Drive, Suite 207,
Lauderdale by the Sea, FL 33308 (the “Company”) and [PURCHASER NAME AND ADDRESS]
(the “Purchaser”).

    

    WHEREAS,
the Purchaser desires to purchase, and the Company desires to sell, an aggregate
of 478,601 (the
“Shares”) of the Company’s common stock, par value $.0001 per share (the “Common
Stock”) upon the terms and conditions hereof.

    

    NOW,
THEREFORE, in consideration of the premises and the mutual agreements herein
contained, the Purchaser and the Company hereby agree as follows:

    

    SECTION
1:  SALE OF THE SHARES

    

    1.1 Sale of the
Shares.  Subject to the terms and conditions hereof, the
Company will sell and deliver to the Purchaser and the Purchaser will purchase
from the Company, upon the execution and delivery hereof, the Shares for a per
share purchase price equal to $0.0007046 (the “Purchase
Price”).

    

    1.2  Repurchase Option.
For a period of one year from the date of this Agreement (the “Repurchase
Period”), the Company shall have an irrevocable, exclusive option, but not the
obligation, to repurchase all or any portion of the Shares (the "Repurchase
Option").  The Repurchase Option shall be exercisable at a price equal to
the sum of (a) the Purchase Price and (b) any additional cash contributions to
capital made by the Purchaser (the "Repurchase Price"). The Repurchase Option
shall be exercisable by the Company, at any time, by delivering written notice
(the “Repurchase Notice”) to the Purchaser of its election to exercise its
Repurchase Option. The Repurchase Notice shall provide (i) that the Company is
exercising its Repurchase Option in connection with this Agreement; (ii) the
number of Shares the Company is repurchasing (the “Repurchased Shares”) and
(iii) the aggregate Repurchase Price to be paid for the Repurchased
Shares.  The Repurchase Notice shall be accompanied by a check made out in
the name of the Purchaser, or other immediately available funds, for an amount
equal to the Repurchase Price. Upon delivery of the Repurchase Notice and the
Repurchase Price, the Shares so repurchased and all rights and interests therein
or relating thereto shall be deemed canceled and the Company shall have the
right to retain and transfer to its own name the Repurchased Shares. The
Repurchase Option set forth in this Section may be assigned by the Company in
whole or in part in its sole discretion. If at any time during the
Repurchase Period, the Company consummates (a) a merger or other business
combination with an operating business or (b) a transaction pursuant to which
the Company ceases to be a “shell company,” as defined by Rule 12b-2 under the
Securities Exchange Act of 1934, as amended and a “blank check company,” as
defined by Rule 419 of the Securities Act of 1933, as amended, the Repurchase
Option shall terminate thereupon.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    SECTION
2:  CLOSING DATE; DELIVERY

    

    2.1  Closing
Date.  The closing of the purchase and sale of the Shares
hereunder (the “Closing”) shall be held immediately following the execution and
delivery of this Agreement.

    

    2.2  Delivery at Closing.
At the Closing, the Company will deliver to the Purchaser a stock certificate
registered in the Purchaser’s name, representing the number of Shares to be
purchased by Purchaser hereunder, against payment of the purchase price
therefore as indicated above.

    

    SECTION
3: REPRESENTATIONS AND WARRANTIES OF PURCHASER

    

    The
undersigned Purchaser hereby represents and warrants to the Company as
follows:

    

    3.1  Transfer of
Shares.  The Shares have not been registered under the
Securities Act and cannot be sold or otherwise transferred without an effective
registration or an exemption therefrom, and as of the date of this Agreement,
may not be sold pursuant to the exemptions provided by Section 4(1) of the
Securities Act in accordance with the letter from Richard K. Wulff, Chief of the
Office of Small Business Policy of the Securities and Exchange Commission’s
Division of Corporation Finance, to Ken Worm of NASD Regulation, Inc., dated
January 21, 2000.

    

    3.2  Experience. The
undersigned has such knowledge and experience in financial and business matters
that the undersigned is capable of evaluating the merits and risks of investment
in the Company and of making an informed investment decision.  The
undersigned has adequate means of providing for the undersigned's current needs
and possible future contingencies and the undersigned has no need, and
anticipates no need in the foreseeable future, to sell the Shares for which the
undersigned subscribes.  The undersigned is able to bear the economic
risks of this investment and, consequently, without limiting the generality of
the foregoing, the undersigned is able to hold the Shares for an indefinite
period of time and has sufficient net worth to sustain a loss of the
undersigned's entire investment in the Company in the event such loss should
occur. Except as otherwise indicated herein, the undersigned is the sole party
in interest as to its investment in the Company, and it is acquiring the Shares
solely for investment for the undersigned's own account and has no present
agreement, understanding or arrangement to subdivide, sell, assign, transfer or
otherwise dispose of all or any part of the Shares subscribed for to any other
person.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    3.3  Investment; Access to
Data.  The undersigned has carefully reviewed and understands
the risks of, and other considerations relating to, a purchase of the Common
Stock and an investment in the Company. The undersigned has been furnished
materials relating to the Company, the private placement of the Common Stock or
anything else that it has requested and has been afforded the opportunity to ask
questions and receive answers concerning the terms and conditions of the
offering and obtain any additional information which the Company possesses or
can acquire without unreasonable effort or expense.  Representatives
of the Company have answered all inquiries that the undersigned has made of them
concerning the Company, or any other matters relating to the formation and
operation of the Company and the offering and sale of the Common Stock.The
undersigned has not been furnished any offering literature other than the
materials that the Company may have provided at the request of the undersigned;
and the undersigned has relied only on such information furnished or made
available to the undersigned by the Company as described in this Section. The
undersigned is acquiring the Shares for investment for the undersigned's own
account, not as a nominee or agent and not with the view to, or for resale in
connection with, any distribution thereof.  The undersigned
acknowledges that the Company is a start-up company with no current operations,
assets or operating history, which may possibly cause a loss of Purchaser’s
entire investment in the Company.

    

    3.4  Authorization.  (a)
This Agreement, upon execution and delivery thereof, will be a valid and binding
obligation of Purchaser, enforceable in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization and moratorium laws and other
laws of general application affecting enforcement of creditors' rights
generally.

    

    (b)  The
execution, delivery and performance by Purchaser of this Agreement and
compliance therewith and the purchase and sale of the Shares will not result in
a violation of and will not conflict with, or result in a breach of, any of the
terms of, or constitute a default under, any provision of state or Federal law
to which Purchaser is subject, or any mortgage, indenture, agreement,
instrument, judgment, decree, order, rule or regulation or other restriction to
which the Purchaser is a party or by which the undersigned Purchaser is bound,
or result in the creation of any mortgage, pledge, lien, encumbrance or charge
upon any of the properties or assets of Purchaser pursuant to any such
term.

    

    3.5  Accredited
Investor.  Purchaser is an accredited investor as defined in
Rule 501(a) of Regulation D under the Securities Act of 1933, as amended and has
executed the statement of accredited investor annexed hereto as Exhibit
A.

    

    SECTION
4:  MISCELLANEOUS

    

    4.1  Governing
Law.  This Agreement shall be governed in all respects by the
laws of the State of Delaware, without regard to conflicts of laws principles
thereof.

    

    4.2 Survival.  The
terms, conditions and agreements made herein shall survive the
Closing.

     

    4.3 Notice.  All
notices provided for in this Agreement shall be in writing signed by the party
giving such notice, and delivered personally or sent by overnight courier, mail
or messenger against receipt thereof or sent by registered or certified mail, or
by facsimile transmission or similar means of communication. Notices shall be
deemed to have been received on the date of personal delivery or telecopy or
attempted delivery.  Notice shall be delivered to the parties at the
following addresses:

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    If to the
Company:             SRKP
20, Inc.

    4737
North Ocean Drive,

    Suite
207

    Lauderdale
by the Sea, FL 33308

    Attn:
Tony Pintsopoulos

    

    With a
copy
to:                   Richardson
& Patel LLP

    420
Lexington Avenue, Suite 2620

    New York,
NY 10170

    Attention:
David N. Feldman, Esq.

    

    If to
Purchaser:                   [PURCHASER
NAME AND ADDRESS]

    

    Either
party may, by like notice, change the address, person or telecopier number to
which notice shall be sent.

     

    4.4  Successors and
Assigns.  Except as otherwise expressly provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties
hereto.

    

    4.5  Entire Agreement; Amendment;
Waiver.  This Agreement constitutes the entire and full
understanding and agreement between the parties with regard to the subject
matter hereof.  Neither this Agreement nor any term hereof may be
amended, waived, discharged or terminated, except by a written instrument signed
by all the parties hereto.

    

    4.6  Counterparts.  This
Agreement may be executed in any number of counterparts, each of which shall be
an original, but all of which together, shall constitute one
instrument.

    

    [The
remainder of this page has been intentionally left blank.]

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    IN WITNESS WHEREOF, the
undersigned have hereunto set their hands as of the day and year first above
written.

    

    
      
        
          
            
              
                
                  
                    	 
      	
                            SRKP
      20, INC.

                          	 
	 
      	 
      	 
	 
      	
                            By:

                          	 
        	 
       
	 
      	 
      	
                            Richard
      A. Rappaport

                          	 
	 
      	 
      	
                            CEO
      and Chairman

                          	 
	 
      	 
      	 
	 
      	
                            PURCHASER

                          	 
	 
      	 
      	 
	 
      	
                            By:

                          	 
        	 
       
	 
      	
                            Name:

                          	 
	 
      	
                            Title:

                          	 

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
      Exhibit
A

      
 

      STATEMENT
OF ACCREDITED INVESTOR

      

      To:        
SRKP 20, Inc. (the “Company”)

      

      Ladies
and Gentlemen:

      

      The
undersigned hereby refers to the Securities Purchase Agreement executed and
delivered to the Company by the undersigned as of the date hereof.  In
connection with the subscription thereunder by the undersigned to purchase
securities of the Company, the undersigned hereby represents and warrants that
such individual or entity meets at least one of the tests listed below for an
“accredited investor” (as such term is defined under Regulation D promulgated
pursuant to the Securities Act of 1933, as amended).

      

      “Accredited Investors” are accorded
special status under the federal securities laws. Individuals who hold certain
positions with an issuer or its affiliates, or who have certain minimum
individual income or certain minimum net worth (each as described below) may
qualify as Accredited Investors.  Partnerships, corporations or other
entities may qualify as Accredited Investors if they fulfill certain financial
and other standards, or if all of their equity owners have incomes and/or net
worth which qualify them individually as Accredited Investors, and trusts may
qualify as Accredited Investors if they meet certain financial and other tests
(as described below).

      

      You may
qualify as an Accredited Investor under Regulation D promulgated under the
Securities Act of 1933 (the “1933 Act”) if you meet any of the following tests
(please check all that apply):

      

      
        	
                 ̈

              	
                The undersigned is an
      individual who is a director or executive officer of the
      Company.  An “executive officer” is the president, a vice
      president in charge of a principal business unit, division or function
      (such as sales, administration or finance), any other officer who performs
      a policy making function or any other person who performs similar policy
      making functions for the Company.

              

      

      

      
        	
                 ̈

              	
                The undersigned is an
      individual that (1) had individual income of more than $200,000 in each of
      the two most recent fiscal years and reasonably expects to have individual
      income in excess of $200,000 in the current year, or (2) had joint income
      together with the undersigned’s spouse in excess of $300,000 in each of
      the two most recent fiscal years and reasonably expects to have joint
      income in excess of $300,000 in the current
      year.  “Income” means adjusted gross income, as reported
      for federal income tax purposes, increased by the following
      amounts:  (i) any tax exempt interest income under Section 103
      of the Internal Revenue Code (the “Code”) received, (ii) any losses
      claimed as a limited partner in a limited partnership as reported on
      Schedule E of Form 1040, (iii) any deduction claimed for depletion under
      Section 611 of the Code or (iv) any amount by which income has been
      reduced in arriving at adjusted gross income pursuant to the provisions of
      Section 1202 of the Code.  In determining personal income,
      however, unrealized capital gains should not be
  included.

              

      

      

      
        	
                 ̈

              	
                The undersigned is an
      individual with individual net worth, or combined net worth together with
      the undersigned’s spouse, in excess of $1,000,000.  “Net
      worth” means the excess of total assets at fair market value over total
      liabilities, excluding principal
home.

              

      

      

      
        	
                 ̈

              	
                The undersigned is a Trust with
      total assets in excess of $5,000,000, was not formed for the
      specific purpose of acquiring securities of the Company, and the purchase
      of the securities is directed by a person with such knowledge and
      experience in financial and business matters that he is capable of
      evaluating the risks and merits of the prospective investment in such
      securities.

              

      

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      

      
        	
                 ̈

              	
                The undersigned is a
      corporation, partnership, limited liability company or limited liability
      partnership that has total assets in excess of $5,000,000 and was
      not formed for the specific purpose of acquiring securities of the
      Company.

              

      

      

      
        	
                 ̈

              	
                The undersigned is an entity in
      which all of its equity owners are “accredited
      investors”.

              

      

      

      Dated:
_______________, 2010

      

      
        
          
            	 
      	
                    Very
      truly yours,

                  
	 
      	 
      
	 
      	
                    [NAME
      OF PURCHASER]

                  
	 
      	 
      
	 
      	
                    By:

                  	
                     
      

                  
	 
      	
                    Name:

                  
	 
      	
                    Title:

                  

          

        

      

       

      
        
           

        

        
          7

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