Document:

Exhibit 10.10

 

RIGHT OF FIRST REFUSAL AND

CORPORATE OPPORTUNITIES AGREEMENT

 

THIS RIGHT OF FIRST
REFUSAL AND CORPORATE OPPORTUNITIES AGREEMENT (this “Agreement”) is made as of [______], 2015 by and between
Jensyn Acquisition Corp., a Delaware corporation (the “Company”), and Jensyn Integration Services, LLC, a Delaware
limited liability company (the “Affiliate”), in connection with the Company’s proposed public offering
of units consisting of shares of common stock, par value $0.0001 per share (the “Shares”), rights to receive
one-tenth of one Share automatically on the consummation of an initial business combination by the Company, and warrants to purchase
one-half of one Share at a price of $11.50 per full Share, as more fully described in a registration statement on Form S-1, filed
by the Company with the Securities and Exchange Commission (as amended, the “Registration Statement”).

 

RECITALS

 

WHEREAS, the Affiliate
is an affiliate of certain officer, directors and stockholder of the Company: 

 

WHEREAS, the Company
will be attempting to consummate a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization
or other similar business combination involving the Company and one or more businesses or entities (a “Business Transaction”);

 

WHEREAS, the Affiliate
may also be seeking investment opportunities which may be a part of, in connection with or deemed a Business Transaction; and

 

WHEREAS, the Company
and the Affiliate each believes it is in their best interests to clarify any potential Business Transaction and investment opportunities
for which each party shall have the right of first refusal.

 

NOW, THEREFORE, in consideration
of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

 

		1.	Right of First Refusal.

 

For the term specified
in Section 2 of this Agreement and subject to subsections (b), (c) and (d) of this Section 1, Affiliate hereby grants
to the Company a right of first refusal as follows:

 

(a) The Affiliate shall
not enter into any agreement to acquire 50% or more of the outstanding voting securities of any company or business in the insurance
sector whose fair market value is at least equal to 80% of the balance in the trust account that holds the proceeds of the Company’s
initial public offering (less the deferred underwriting fees and taxes payable) at such time, without first presenting such suitable
opportunity to a committee of the Company’s independent directors, and will not enter into any such agreement until a majority
of the Company’s independent directors determine, within the time frame and in the manner specified below, not to pursue
such Business Transaction opportunity.

 

(b) After review of
any potential Business Transaction or investment opportunity, the Company, upon direction from a majority of the Company’s
independent directors, may release the right of first refusal set forth in this Section 1(a) with respect to such Business Transaction
or suitable opportunity.

 

(c) The Affiliate shall
provide written notice to the Company of any such suitable opportunity brought to its attention by its current partners, principals,
directors, officers or employees within ten (10) business days of its identification of such suitable opportunity. Any right of
first refusal granted shall expire forty-five (45) days from the date of the written notice unless earlier released pursuant to
Section 1(c), provided that, during such forty-five (45)-day period, the Company has failed to commence discussions
with any third party regarding the specified Business Transaction or suitable opportunity.

 

     

     

    

 

	 	2.	Term. This Agreement shall become effective on its execution and shall remain in effect for a period to expire upon the earlier of: (i) the consummation by the Company of a Business Transaction or (ii) 24 months from the closing of the Company's initial public offering.

 

	 	3.	Notices. All notices or communications hereunder shall be addressed as follows:

 

To the Company:

 

Jensyn Acquisition Corp.

800 West Main Street, Suite
204

Freehold, New Jersey 07728

Attn: Jeffrey J. Raymond, President
and Chief Executive officer

Fax No.: (732) 303-6947

 

with copies to (which shall
not constitute notice):

 

Giordano, Halleran & Ciesla,
P.C.

125 Half Mile Road, Suite 300

Red Bank, New Jersey 07701

Attention: Philip D. Forlenza

 

If to the Affiliate:

Jensyn Integration Services,
LLC.

1964 Howell Branch Road, Suite
#205 | 

Winter Park, Florida 32792

Attn: Rebecca Irish, Managing
Partner

Fax No.: (732) 303-6947

 

All notices, statements or other
documents which are required or contemplated by this Agreement shall be: (i) in writing and delivered personally or sent by first
class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated
in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be
designated in writing by such party and (iii) by electronic mail, to the electronic mail address most recently provided to such
party or such other electronic mail address as may be designated in writing by such party. Any notice or other communication so
transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt
of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier
service or five (5) days after mailing if sent by mail.

 

	 	4.	Severability. If any term or provision of this Agreement or the performance thereof shall be invalid or unenforceable to any extent, such invalidity or unenforceability shall not affect or render invalid or unenforceable any other provision of this Agreement, and this Agreement shall be valid and enforced to the fullest extent permitted by law.

 

	 	5.	Entire Agreement. This Agreement, as the same may be amended from time to time in accordance with the terms hereof, contains the entire agreement among the parties hereto relating to the subject matter hereof and supersedes in all respects any prior or other agreement or understanding concerning the subject matter hereof between the Company and Affiliate.

 

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

 

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	 	7.	Amendment. This Agreement may only be amended by written agreement of the parties hereto.

 

	 	8.	Survival. The respective rights and obligations of the parties hereunder shall survive any termination of this Agreement to the extent necessary to the intended preservation of such rights and obligations. The provisions of this Section 8 are in addition to the survivorship provisions of any other section of this Agreement.

 

	 	9.	Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic transmission shall constitute valid and sufficient delivery thereof.

 

	 	10.	Headings. The headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the meaning or interpretation of, this Agreement.

 

	 	11.	Mutual Drafting. This Agreement is the joint product of the Company and Affiliate, and each provision hereof has been subject to the consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto.

 

	 	12.	Governing Law; Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed by and construed and enforced in accordance with the laws of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The parties hereby (i) agree that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced first in the U.S. District Court for the Southern District of New York, then to such other federal or state courts located in the State of New York, and irrevocably submits to such jurisdiction in New York, which jurisdiction shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. THE PARTIES HERETO, TO THE FULLEST EXTENT PERMITTED BY LAW, WAIVE ANY RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM BASED UPON, ARISING OUT OF, OR IN CONNECTION WITH, THIS AGREEMENT.

 

	 	13.	Trust Waiver. Notwithstanding anything herein to the contrary, Affiliate hereby waives any and all right, title, interest or claim of any kind, regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability (“Claim”) in or to any distribution from the trust account in which the proceeds of the Company’s initial public offering will be deposited and held for the benefit of the Company’s public shareholders (the “Trust Account”) and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

		14.	Third Party Beneficiary. Chardan Capital Markets,
LLC shall be deemed a third party beneficiary of this Agreement and shall be entitled to enforce the provisions hereof to the
same extent as if it were a party hereto.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties hereto have
executed this Right of First Refusal and Corporate Opportunities Agreement as of the date first specified above.

 

	 	JENSYN ACQUISITION CORP. 
	 	 
	 	By:	 
	 	 	Name: Jeffrey J. Raymond
	 	 	Title: President, Chief Executive Officer and Director
	 	 
	 	JENSYN INTEGRATION SERVICES, LLC
	 	 
	 	By:	 
	 	 	Name:  Rebecca Irish
	 	 	Title:    Managing Partner

 

[Signature Page to Right of First Refusal
and Corporate Opportunities Agreement]

 

    4Exhibit 10.11

Jensyn Acquisition Corp.

800 West Main Street, Suite 204

Freehold, New Jersey 07728

 

June 11, 2015

 

Corinthian Partners, LLC.

10 East 53rd Street, 28th Floor

New York, New York 10022

Attention: Demetrios Mallios

 

Gentlemen:

 

This letter sets forth
the terms and conditions of the engagement (the “Engagement”) of Corinthian Partners, LLC (the “Banker”)
by Jensyn Acquisition Corp.(the “Company”) to act as placement agent in connection with the private placement (the
“Private Placement”) of up to $2,750,000 of (A) private units (“Units”) comprised of (i) one (1) share
of common stock, (ii) one right to receive one-tenth (1/10) of a share of common stock upon consummation of the Company’s
initial business combination and (iii) a warrant to purchase one-half share of common stock and (B) $15 Exercise Price Sponsor
Warrants (collectively, the Securities) with Jensyn Capital, LLC (“Jensyn Capital”) and provide the other services
described herein.

 

Services

 

The Banker’s
services will include assisting management with structuring the Private Placement and strategic planning process including an analysis
of markets, financial models, organizational structure and capital requirements. The Banker will provide such other services in
connection with the Private Placement as the Company and the Banker may agree from time to time.

 

The Banker will use
its best efforts in performing its obligations hereunder.

 

Engagement Terms

 

The Banker’s
compensation from the Company will consist of a financing fee paid in cash at each closing of the Private Placement equal to ten
percent (10%) of the gross proceeds of the Private Placement purchased by Jensyn Capital at that closing.

 

In addition to any
fees payable to the Banker pursuant to this Engagement, and contingent upon a closing of the Private Placement, the Company will
pay to the Banker at each closing of the Private Placement a non-accountable expense allowance in an amount equal to three percent
(3%) of the gross proceeds of the Private Placement purchased at that closing by Jensyn Capital.

 

     

     

    

 

Confidentiality

 

Except as contemplated
by the terms hereof or as required by applicable law, the Banker shall keep confidential all nonpublic information provided to
it by the Company, and shall not disclose such information to any third party without the prior consent of the Company, other than
to such of its partners, officers, directors, agents, and employees as the Banker determines to have a need to know such information
and who are bound by written agreements to maintain the confidentiality of such information on substantially identical terms to
those provided herein. Moreover, the Banker will not use any confidential information for
purposes other than those contemplated hereunder.

 

Banker’s Additional Obligations

 

The Banker represents,
warrants and covenants that:

 

		(a)	The Banker will not offer, offer to sell or sell any Securities on the basis of any written communications
or documents relating to the Company or its business other than written materials furnished by the Company or previously approved
by the Company in writing (the “Offering Materials”). No communications (whether oral or written) or documents relating
to the Company or its business made or delivered by the Banker will be inconsistent with the Offering Materials. The Banker will
not utilize the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on a confidential
basis on March 13, 2015 (the “Registration Statement”) or any amendment thereto or portion thereof, to offer the Securities.

 

		(b)	The Banker is duly licensed and registered as a broker-dealer under, and in compliance with, the
Securities Exchange Act of 1934, as amended and the rules and regulations promulgated thereunder, and the securities laws in effect
in any state or other jurisdiction in which Securities are offered by the Banker and the rules, regulations and orders of any securities
administrator existing or adopted thereunder.

 

		(c)	The Banker shall cooperate fully with the Company and its counsel with respect to compliance with
all applicable federal, state and foreign securities and “blue sky” laws applicable to the offer and sale of Securities.

 

Indemnification

 

The Company agrees
to indemnify and hold harmless the Banker, and its affiliates and the respective directors, officers, controlling persons, if any,
agents and employees of Banker or any of its affiliates, from and against any claims, liabilities, losses, damages, proceedings
or actions (whether pending or threatened) related to or arising out of the Engagement or Banker’s role in connection therewith,
and will reimburse Banker and any such parties for all reasonable costs and expenses, including counsel fees, as they are incurred
in connection with investigating, preparing for and defending any such claim, proceeding or action (whether pending or threatened).
The Company will not, however, be responsible for any claims, liabilities, losses, damages or expenses which are finally judicially
determined to have resulted primarily from Banker’s gross negligence or intentional or reckless misconduct or breach of this
agreement.

 

    	 	2	 

     

    

 

Banker agrees to indemnify
and hold harmless the Company and its affiliates and the respective directors, officers, controlling persons, if any, agents and
employees of the Company or any of its affiliates from and against any claims, liabilities, losses, damages, proceedings or actions
(whether pending or threatened) related to or arising out of the breach by Banker of its representations, warranties or agreements
set forth in this Engagement letter or the exercise by a person of any right under the Securities Act of 1933 or the Securities
Exchange Act of 1934 or the securities or “blue sky” laws of any state on account of violations by Banker of its representations,
warranties or agreements set forth in this Engagement letter.

 

In any case in which
it is finally judicially determined that indemnification or reimbursement, as set forth in the paragraphs above, may not be enforced
or is otherwise unavailable, then the Company and Banker agree to contribute to the aggregate claims, liabilities, losses, damages
or expenses which may be incurred in such proportion as is appropriate to reflect the relative benefits received by the Company
on the one hand, and Banker on the other, from the transactions provided for in this Engagement letter. Such relative benefits
shall be determined by reference to the total value of the proposed transaction in relation to the fee received or that would be
received in the transaction was consummated by Banker.

 

In case any action
shall be brought against any person entitled to indemnity hereunder (an “Indemnified Person”), such Indemnified Person
shall notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein
and, to the extent that it wishes, to assume the defense thereof, with counsel satisfactory to such Indemnified Person, and after
notice from the indemnifying party to such Indemnified Person of its election so to assume the defense thereof, the indemnifying
party shall not be liable to such Indemnified Person for any legal or other expenses subsequently incurred by such Indemnified
Person in connection with the defense thereof other than reasonable costs of any investigation; provided, however, that if the
named parties to any such action include both the Indemnified Person on the one hand and the indemnifying party on the other hand,
and the Indemnified Person shall have reasonably concluded that there may be one or more legal defenses available to it which are
different from or additional to those available to the indemnifying party, the Indemnified Person shall have the right to select
separate counsel to assume such defense on behalf of the Indemnified Person; provided, further, however, that the indemnifying
party shall not, in connection with any one such action or separate but substantially similar or related actions arising out of
the same general allegations or circumstances, be liable for the fees and expenses of more than one separate firm of attorneys
in any point in time for the Indemnified Person and all persons controlling, controlled by or otherwise affiliated with the Indemnified
Person. The indemnifying party shall not be liable for any settlement of any such action or proceeding effected without its written
consent.

 

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Notwithstanding any
provision herein to the contrary, no person adjudged guilty of fraudulent misrepresentation (within the meaning of Section 11(f)
of the Securities Act of 1933) by a court of competent jurisdiction shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation. Any party entitled to contribution will, promptly after receipt of notice of commencement
of any action, suit or proceeding against such party in respect of which a claim for contribution may be made against another party
or parties under this subparagraph, notify such party or parties from whom contribution may be sought; and the omission so to notify
such party or parties will relieve the party or parties from whom contribution may be sought from any obligation it or they may
have under this paragraph as to the particular item for which contribution is then being sought but not from any other liability
which it may have to any person entitled to contribution. The Company’s indemnity obligations shall survive any termination
of this Agreement.

 

Duration of Engagement

 

The period of this
Engagement will extend from the date hereof until terminated. The Company may terminate this Engagement (i) at any time upon not
less than five days’ prior written notice; and (ii) immediately upon written notice to the Banker, if the Company has terminated
the Private Placement; provided, however, the Company will remain obligated to pay the Banker the fees described above should a
private placement with Jensyn Capital occur within one year of termination.

 

Miscellaneous

 

The Banker acknowledges
and agrees that the Banker shall not participate as an underwriter in connection with the Company’s proposed offering of
units pursuant to the Registration Statement.

 

The Company and the
Banker agree that this Engagement letter will be governed by and construed in accordance with the laws of the State of New York
and will be binding upon, inure to the benefit of and be enforceable by the parties or their respective successors. This letter
constitutes the entire agreement of the parties with respect to the subject matter hereof.

 

If you agree to the
terms of this letter of Engagement, please sign and date the enclosed copies of this letter. One set of signed originals should
be returned to the Company and the other retained for your files.

 

	 	 	Very truly yours,
	 	 	 
	 	 	Jensyn Acquisition Corp.
	 	 	 
	 	By:	/s/Jeffrey J. Raymond
	 	 	Jeffrey J. Raymond
	 	 	President

 

    	 	4	 

     

    

 

	Agreed and Accepted as of	 
	the date set forth above by:	 
	 	 
	Corinthian Partners, LLC	 
	 	 	 
	By:	/s/ Demetrious Mallios	 
	 	Demetrios Mallios	 
	 	Head of Investing Banking	 

 

    	 	5

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