EXHIBIT 10.1


 


PROMISSORY NOTE


 


	Not to exceed $200,000.00	October 8, 2014


 


FOR VALUE RECEIVED,
Jensyn Acquisition Corp., a Delaware corporation (“Maker” or the “Company”), hereby unconditionally
promises to pay to the order of __________ (“Payee”), at Payee’s office at ___________________ (or such
other address specified by Payee to Maker) the sum of Two Hundred Thousand Dollars and Zero Cents ($200,000.00) or such
lesser amount as shall have been advanced by Payee to Maker and shall remain unpaid under this Note, in legal and lawful
money of the United States of America.


 


Payee may make advances
to Maker from time to time under this Note; provided, however, that notwithstanding anything to the contrary herein, at no time
shall the aggregate of all advances and readvances outstanding under this Note exceed $200,000.00.


 


This is a non-interest
bearing Note.


 


The entire unpaid principal
balance of this Note shall be due and payable no later than the date of the consummation of an initial business combination by
the Company.


 


If payment of this Note
or any installment of this Note is not made when due, the entire indebtedness hereunder, at the option of Payee, shall immediately
become due and payable, and Payee shall be entitled to pursue any and all remedies to which Payee is entitled hereunder, or at
law or in equity.


 


This Note may be
prepaid, in whole or in part, without penalty. This Note may not be changed, amended or modified, except in a writing expressly
intended for such purpose and executed by the party against whom enforcement of the change, amendment or modification is sought.
The loan evidenced by this Note is made solely for business purposes and is not for personal, family, household or agricultural
purposes.


EXCEPT TO THE EXTENT
THAT THE LAWS OF THE UNITED STATES MAY APPLY TO THE TERMS HEREOF, THE SUBSTANTIVE LAWS OF THE STATE OF DELAWARE SHALL GOVERN THE
VALIDITY, CONSTRUCTION, ENFORCEMENT AND INTERPRETATION OF THIS NOTE.


Service of any
notice by Maker to Payee or by Payee to Maker, shall be mailed, postage prepaid by certified United States mail, return receipt
requested, at the address for such party set forth in this Note, or at such subsequent address provided to the other party hereto
in the manner set forth in this paragraph for all notices. Any such notice shall be deemed given three (3 days after deposit thereof
in an official depository under the care and custody of the United States Postal Service.



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Should the indebtedness
represented by this Note or any part thereof be collected at law or in equity or through any bankruptcy, receivership, probate
or other court proceedings, or if this Note is placed in the hands of attorneys for collection after default, the undersigned and
all endorsers, guarantors and sureties of this Note jointly and severally agree to pay to the holder of this Note, in addition
to the principal and interest due and payable hereon, reasonable attorneys’ and collection fees.


The undersigned
and all endorsers, guarantors and sureties of this Note and all other persons liable or to become liable on this Note severally
waive presentment for payment, demand, notice of demand and of dishonor and nonpayment of this Note, notice of intention to accelerate
the maturity of this Note, notice of acceleration, protest and notice of protest, diligence in collecting, and the bringing of
suit against any other party, and agree to all renewals, extensions, modifications, partial payments, releases or substitutions
of security, in whole or in part, with or without notice, before or after maturity.


The undersigned
hereby expressly and unconditionally waives, in connection with any suit, action or proceeding brought by the payee on this Note,
any and every right it may have to (i) injunctive relief, (ii) a trial by jury, (iii) interpose any counterclaim therein and (iv)
have the same consolidated with any other or separate suit, action or proceeding. Nothing herein contained shall prevent or prohibit
the undersigned from instituting or maintaining a separate action against Payee with respect to any asserted claim.


This Note represents
the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements
of the parties.


[Signature page follows]


 




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EXECUTED AND AGREED as
of the date first above written.


 


	 	Jensyn Acquisition Corp.,
	 	a Delaware corporation
	 	 	 
	 	By:	 
	 	 	Name:  Jeffrey J. Raymond
	 	 	Title:    President and Chief Executive Officer


 




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