Document:

Exhibit
10.1

 

PROMISSORY
NOTE

 

	$425,000.00	March
    7, 2017

 

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 800 West Main Street, Suite 204,
Freehold, New Jersey 07728 (or such other address specified by Payee to Maker) the sum of Four Hundred Twenty-Five Thousand Dollars
and Zero Cents ($425,000.00) 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. This Note replaces and supersedes in its entirety the note
issued by the Company to the Payee dated August 5, 2016 in the principal amount of Two Hundred Fifty Thousand Dollars ($250,000).

 

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.

 

    	 

    	 	 	 

    

 

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.

 

EXECUTED
AND AGREED as of the date first above written.

 

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

 

    	2Exhibit
10.12

 

JOINDER
TO

AND
AGREEMENT TO BE BOUND BY STOCK ESCROW AGREEMENT AND LETTER AGREEMENT

 

Stewart
Martin (the “Transferee”), who is the proposed transferee of 4,000 shares (the “Shares”) of the common
stock, $.0001 par value per share (“Common Stock”) of Jensyn Acquisition Corp., a Delaware corporation (the “Company”),
comprised of (a) 1,000 shares registered in the name of Jeffrey J. Raymond, (b) 1,000 Shares registered in the name of Rebecca
Irish, (c) 1,000 Shares registered in the name of Joseph J. Raymond and (d) 1,000 shares registered in the name of Peter Underwood
(each a “Transferor” and collectively the “Transferors”), hereby acknowledges that he has read and reviewed
(i) the Stock Escrow Agreement dated as of March 2, 2016 (the “Escrow Agreement”) by and among the Company, Continental
Stock Transfer & Trust Company (the “Escrow Agent”) and each of the shareholders of the Company that is a signatory
thereto filed as Exhibit 10.4 to the Company’s Report on Form 8-K which was filed with the Securities and Exchange Commission
on March 11, 2016 (the “Form 8-K”) and (ii) each of the Letter Agreements dated March 2, 2016 between the Company
and the Transferors filed as Exhibits 10.3(a), 10.3(b), 10.3(c) and 10.3(d), respectively, to the Form 8-K. Transferee hereby
agrees that the Shares shall be held by the Escrow Agent pursuant to the Escrow Agreement and Transferee hereby agrees to, and
upon transfer of the Shares to Transferee, Transferee shall be bound by, the terms and conditions of the Escrow Agreement and
the Letter Agreements applicable to the Transferors.

 

The
Transferee hereby represents and warrants to the Transferors as follows:

 

	1.	The
    Transferee understands that (i) the Shares have not been registered under the Securities Act of 1933, as amended (the “Act”),
    and (ii) the Shares may not be sold except pursuant to an effective registration statement or pursuant to a duly available
    exemption from such registration requirements.
	 	 
	2.	The
    Transferee is acquiring the Shares for his own account and not with a view to or for distribution in a manner that would violate
    the Act.
	 	 
	3.	The
    Transferee is an “accredited investor,” as such term is defined in Rule 501(a)(1) of Regulation D under the Act,
    and has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks
    of the acquisition of the Shares and, having had access to or having been furnished with all such information as he has considered
    necessary, has concluded that he is able to bear those risks.
	 	 
	4.	The
    Shares were not offered or sold to the Transferee by any form of general solicitation or general advertising.
	 	 
	5.	The
    Transferee acknowledges that, so long as appropriate, a legend similar to the following may appear on the certificates representing
    the Shares: “These securities have not been registered under the Securities Act of 1933 and may be reoffered and sold
    only if registered or if an exemption from registration is available.”

 

(signature
page follows)

 

    	 

    	 	 	 

    

 

Dated:
November 11, 2016

 

	 	TRANSFEREE
	 	 
	 	/s/
    Stewart Martin
	 	Stewart
    Martin

 

Signature
Page to Joinder AgreementExhibit
10.13

 

Guaranty
of Funding

 

This
Guaranty of Funding is made as of March 7, 2017 by _______________, an individual having a business address at ____________________
(the “Guarantor”) in favor of JENSYN ACQUISITION CORP., a Delaware corporation (the “Company”).

 

WHEREAS,
the Company has issued to the Guarantor a promissory note dated March 7, 2017 (the “Note”) which contemplates that
the Guarantor may loan to the Company up to Four Hundred Twenty-Five Thousand Dollars ($425,000) on the terms and conditions set
forth on the Note;

 

WHEREAS,
Jeffrey J. Raymond, Rebecca Irish and Peter Underwood (the “Other Guarantors”) have each executed a Guaranty of Funding
in form and substance substantially identical to this Guaranty of Funding (the “Other Guarantees”);

 

WHEREAS,
as of the date hereof, the Guarantor has loaned an aggregate of Two Hundred Seventeen Thousand Three Hundred Thirty Dollars ($217,330)
to the Company;

 

NOW,
THEREFORE, the Guarantor and the Company hereby agree as follows:

 

	1.	Guaranty
    of Funding. The Guarantor hereby agrees that if a request for funding under the Note is made by the Company (after approval
    of any such request by a majority of the members of the Company’s Board of Directors), the Guarantor will fund such
    loan request within fifteen (15) days of the date of the request provided that (i) the sum of the amount requested and the
    principal amount then outstanding under the Note shall not exceed the Maximum Commitment (as defined below) and (ii) each
    of the Other Guarantors funds a loan request in an equal or greater amount pursuant to the Other Guarantees. The Maximum Commitment
    shall be (i) $325,000 from the date of this Guaranty of Funding through October 1, 2017, (ii) $375,000 from October 2, 2017
    through January 1, 2018 and (iii) $425,000 from January 2, 2018 through April 1, 2018.
	 	 
	2.	Extension
    of Business Combination. The Company agrees that the Company shall not extend the date by which it shall consummate its
    initial Business Combination (as defined in the Company’s Amended and Restated Certificate of Incorporation) without
    the prior written consent of the Guarantor.

 

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

 

	 	 
	 	Name
    of Guarantor

 

	 	JENSYN ACQUISITION CORP.
	 	 	 
	 	By:	              
	 	Name:	 
	 	Title:

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