Document:

EXHIBIT
10.2

 

REGISTRATION
RIGHTS AGREEMENT

 

This
Registration Rights Agreement (this “Agreement”) is made as of June 20, 2019, by and among Jensyn Acquisition
Corp., a Delaware corporation (the “Company”), and the stockholders identified on the signature page hereto
(the “Stockholders”). The Company and the Stockholders are, from time to time, referred to individually herein as
a “Party”, and collectively as the “Parties”. Unless otherwise defined herein, capitalized
terms used in this Agreement have the respective meanings ascribed to them in Section 1.

 

RECITALS

 

WHEREAS,
reference is hereby made to that certain Share Exchange Agreement, dated as of February 26, 2018 (the “Exchange Agreement”),
by and among the Company, the Stockholders and Peck Electric Co., a Vermont corporation (“Peck Electric”), pursuant
to which the Company has acquired all of the outstanding capital stock of Peck Electric;
and

 

WHEREAS,
the Company and Stockholders wish to provide for certain arrangements with respect to the registration of the Registrable Securities
(as defined below) by the Company under the Securities Act.

 

NOW,
THEREFORE, in consideration of the mutual promises and covenants set forth herein, and other consideration, the receipt and
adequacy of which are hereby acknowledged, the Parties agree as follows:

 

1.
DEFINITIONS. The following capitalized terms used herein have the following meanings:

 

“Agreement”
means this Agreement, as amended, restated, supplemented, or otherwise modified from time to time.

 

“Business
Combination” shall have the meaning given to such term in the Exchange Agreement.

 

“Commission”
means the Securities and Exchange Commission, or any other Federal agency then administering the Securities Act or the Exchange
Act.

 

“Common
Stock” means the common stock, par value $0.0001 per share, of the Company.

 

“Company”
is defined in the preamble to this Agreement.

 

“Demand
Registration” is defined in Section 2.1.1.

 

“Demanding
Holder” is defined in Section 2.1.1.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder, all as the same shall be in effect at the time.

 

    	 	 	 

    	 

    

 

“Form
S-3” is defined in Section 2.3.

 

“Indemnified
Party” is defined in Section 4.3.

 

“Indemnifying
Party” is defined in Section 4.3.

 

“Initial
Securities” means (i) the shares of Common Stock issued prior to the consummation of the Company’s IPO and
(ii) the Private Units (and underlying warrants and shares of Common Stock).

 

“IPO”
means the Company’s initial public offering consummated on March 7, 2016.

 

“Maximum
Number of Shares” is defined in Section 2.1.4.

 

“Notices”
is defined in Section 6.3.

 

“Option
Securities” means the shares of Common Stock or other securities registrable pursuant to the terms of the unit purchase
option issued by the Company to Chardan Capital Markets, LLC and Maxim Group LLC and/or their respective designees in connection
with the IPO.

 

“Piggy-Back
Registration” is defined in Section 2.2.1.

 

“Private
Units” means the 294,500 units purchased in the private placement consummated simultaneously with the consummation
of the IPO.

 

“Exchange
Agreement” is defined in the first recital to this Agreement.

 

“Register,”
“Registered” and “Registration” mean a registration effected by preparing
and filing a registration statement or similar document in compliance with the requirements of the Securities Act, and the applicable
rules and regulations promulgated thereunder, and such registration statement becoming effective.

 

“Registrable
Securities” means shares of Common Stock issued or issuable to the Stockholders pursuant to the Exchange Agreement
and the Commitment Shares paid to Riverside Merchant Partners LLC pursuant to a certain letter agreement dated March 7, 2019 between
Riverside Merchant Partners LLC and the individuals signatory thereto. As to any particular Registrable Securities, such securities
shall cease to be Registrable Securities when: (a) a Registration Statement with respect to the sale of such securities shall
have become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged
in accordance with such Registration Statement; (b) such securities shall have been otherwise transferred, new certificates for
them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public distribution
of them shall not require registration under the Securities Act; (c) such securities shall have ceased to be outstanding, or (d)
the Registrable Securities are freely saleable under Rule 144 under the Securities Act without volume limitations.

 

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“Registration
Statement” means a registration statement filed by the Company with the Commission in compliance with the Securities
Act and the rules and regulations promulgated thereunder for a public offering and sale of equity securities, or securities or
other obligations exercisable or exchangeable for, or convertible into, equity securities (other than a registration statement
on Form S-4 or Form S-8, or their successors, or any registration statement covering only securities proposed to be issued in
exchange for securities or assets of another entity).

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder,
all as the same shall be in effect at the time.

 

“Stockholder”
is defined in the preamble of this Agreement.

 

“Stockholder
Indemnified Party” is defined in Section 4.1.

 

“Underwriter”
means a securities dealer who purchases any Registrable Securities as principal in an underwritten offering and not as part of
such dealer’s market-making activities.

 

2.
REGISTRATION RIGHTS.

 

	 	2.1	Demand
    Registration.

 

	 	2.1.1	Request
    for Registration. At any time and from time to time on or after 180 days of the date of the consummation of the Business
    Combination, the holders of a majority-in-interest of the Registrable Securities may make a written demand for registration
    under the Securities Act of all or part of their Registrable Securities (a “Demand Registration”).
    Any demand for a Demand Registration shall specify the number of shares of Registrable Securities proposed to be sold and
    the intended method(s) of distribution thereof. The Company will notify all holders of Registrable Securities of the demand,
    and each holder of Registrable Securities who wishes to include all or a portion of such holder’s Registrable Securities
    in the Demand Registration (each such holder including shares of Registrable Securities in such registration, a “Demanding
    Holder”) shall so notify the Company within fifteen (15) days after the receipt by such holder of such notice
    from the Company. Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities included
    in the Demand Registration, subject to Section 2.1.4 and the provisos set forth in Section 3.1.1. The Company shall not be
    obligated to effect more than an aggregate of two (2) Demand Registrations under this Section 2.1.1 in respect of all Registrable
    Securities.

 

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	 	2.1.2	Effective
    Registration. A registration will not count as a Demand Registration until the Registration Statement filed with the Commission
    with respect to such Demand Registration has been declared effective and the Company has complied with all of its obligations
    under this Agreement with respect thereto; provided, however, that if, after such Registration Statement has been declared
    effective, the offering of Registrable Securities pursuant to a Demand Registration is interfered with by any stop order or
    injunction of the Commission or any other governmental agency or court, the Registration Statement with respect to such Demand
    Registration will be deemed not to have been declared effective, unless and until, (i) such stop order or injunction is removed,
    rescinded or otherwise terminated, and (ii) a majority-in-interest of the Demanding Holders thereafter elect to continue the
    offering; provided, further, that the Company shall not be obligated to file a second Registration Statement until a Registration
    Statement that has been filed is counted as a Demand Registration or is terminated.
	 	 	 
	 	2.1.3	Underwritten
    Offering. If a majority-in-interest of the Demanding Holders so elect and such holders so advise the Company as part of
    their written demand for a Demand Registration, the offering of such Registrable Securities pursuant to such Demand Registration
    shall be in the form of an underwritten offering. In such event, the right of any holder to include its Registrable Securities
    in such registration shall be conditioned upon such holder’s participation in such underwriting and the inclusion of
    such holder’s Registrable Securities in the underwriting to the extent provided herein. All Demanding Holders proposing
    to distribute their Registrable Securities through such underwriting shall enter into an underwriting agreement in customary
    form with the Underwriter or Underwriters selected for such underwriting by a majority-in-interest of the holders initiating
    the Demand Registration.
	 	 	 
	 	2.1.4	Reduction
    of Offering. If the managing Underwriter or Underwriters for a Demand Registration that is to be an underwritten offering
    advises the Company and the Demanding Holders in writing that the dollar amount or number of shares of Registrable Securities
    which the Demanding Holders desire to sell, taken together with all other shares of Common Stock or other securities which
    the Company desires to sell and the shares of Common Stock, if any, as to which registration has been requested pursuant to
    written contractual piggy-back registration rights held by other stockholders of the Company who desire to sell, exceeds the
    maximum dollar amount or maximum number of shares that can be sold in such offering without adversely affecting the proposed
    offering price, the timing, the distribution method, or the probability of success of such offering (such maximum dollar amount
    or maximum number of shares, as applicable, the “Maximum Number of Shares”), then the Company shall
    include in such registration: (i) first, the Registrable Securities as to which Demand Registration has been requested by
    the Demanding Holders (pro rata in accordance with the number of shares that each such Person has requested be included in
    such registration, regardless of the number of shares held by each such Person (such proportion is referred to herein as “Pro
    Rata”)) that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent that the
    Maximum Number of Shares has not been reached under the foregoing clause (i), the shares of Common Stock or other securities
    that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (iii) third, to the extent
    that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), the Option Securities and
    the Initial Securities as to which “piggy-back” registration has been requested by the holders thereof, Pro Rata,
    that can be sold without exceeding the Maximum Number of Shares; and (iv) fourth, to the extent that the Maximum Number of
    Shares have not been reached under the foregoing clauses (i), (ii), and (iii), the shares of Common Stock or other securities
    for the account of other persons that the Company is obligated to register pursuant to written contractual arrangements with
    such persons and that can be sold without exceeding the Maximum Number of Shares.

 

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	 	2.1.5	Withdrawal.
    If a majority-in-interest of the Demanding Holders disapprove of the terms of any underwriting or are not entitled to include
    all of their Registrable Securities in any offering, such majority-in-interest of the Demanding Holders may elect to withdraw
    from such offering by giving written notice to the Company and the Underwriter or Underwriters of their request to withdraw
    prior to the effectiveness of the Registration Statement filed with the Commission with respect to such Demand Registration.
    If the majority-in-interest of the Demanding Holders withdraws from a proposed offering relating to a Demand Registration,
    then such registration shall not count as a Demand Registration provided for in Section 2.1.

 

	 	2.2	Piggy-Back
    Registration.

 

	 	2.2.1	Piggy-Back
    Rights. If at any time on or after the date of this Agreement the Company proposes to file a Registration Statement under
    the Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable
    for, or convertible into, equity securities, by the Company for its own account or for stockholders of the Company for their
    account (or by the Company and by stockholders of the Company), other than a Registration Statement (i) filed in connection
    with any employee stock option or other benefit plan, (ii) for an exchange offer or offering of securities solely to the Company’s
    existing stockholders, (iii) for an offering of debt that is convertible into equity securities of the Company or (iv) for
    a dividend reinvestment plan, then the Company shall (x) give written notice of such proposed filing to the holders of Registrable
    Securities as soon as practicable but in no event less than ten (10) days before the anticipated filing date, which notice
    shall describe the amount and type of securities to be included in such offering, the intended method(s) of distribution,
    and the name of the proposed managing Underwriter or Underwriters, if any, of the offering, and (y) offer to the holders of
    Registrable Securities in such notice the opportunity to register the sale of such number of shares of Registrable Securities
    as such holders may request in writing within five (5) days following receipt of such notice (a “Piggy-Back Registration”).
    The Company shall cause such Registrable Securities to be included in such registration and shall use its best efforts to
    cause the managing Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable Securities requested
    to be included in a Piggy-Back Registration on the same terms and conditions as any similar securities of the Company and
    to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution
    thereof. All holders of Registrable Securities proposing to distribute their securities through a Piggy-Back Registration
    that involves an Underwriter or Underwriters shall enter into an underwriting agreement in customary form with the Underwriter
    or Underwriters selected for such Piggy-Back Registration.

 

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	 	2.2.2	Reduction
    of Offering. If the managing Underwriter or Underwriters for a Piggy-Back Registration that is to be an underwritten offering
    advises the Company and the holders of Registrable Securities in writing that the dollar amount or number of shares of Common
    Stock which the Company desires to sell, taken together with the shares of Common Stock, if any, as to which registration
    has been demanded pursuant to written contractual arrangements with persons other than the holders of Registrable Securities
    hereunder, the Registrable Securities as to which registration has been requested under this Section 2.2, and the shares of
    Common Stock, if any, as to which registration has been requested pursuant to the written contractual piggy-back registration
    rights of other stockholders of the Company, exceeds the Maximum Number of Shares, then the Company shall include in any such
    registration:

 

a)
If the registration is undertaken for the Company’s account: (A) first, the shares of Common Stock or other securities that
the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the
Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or other securities,
if any, comprised of Option Securities and Initial Securities, as to which registration has been requested pursuant to the applicable
written contractual piggy-back registration rights of such security holders, Pro Rata, that can be sold without exceeding the
Maximum Number of Shares; and (C) third, to the extent that the Maximum Number of shares has not been reached under the foregoing
clauses (A) and (B), the Registrable Securities Pro Rata, that can be sole without exceeding the Maximum Number of Shares and
(D) fourth, to the extent that the Maximum Number of shares has not been reached under the foregoing clauses (A), (B) and (C),
shares of Common Stock or other securities for the account of other persons that the Company is obligated to register pursuant
to written contractual piggy-back registration rights with such persons and that can be sold without exceeding the Maximum Number
of Shares;

 

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b)
If the registration is a “demand” registration undertaken at the demand of holders of Option Securities, (A) first,
the shares of Common Stock or other securities for the account of the demanding persons, Pro Rata, that can be sold without exceeding
the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clause (A), the shares of Common Stock or other securities that the Company desires to sell that can be sold without exceeding
the Maximum Number of Shares; (C) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clauses (A) and (B), the shares of Initial Securities, Pro Rata, as to which registration has been requested that can be sold
without exceeding the Maximum Number of Shares; (D) fourth, to the extent that the Maximum Number of Shares has not been reached
under the foregoing clauses (A), (B) and (C) shares of Registrable Securities, Pro Rata, as to which registration has been requested
pursuant to the terms hereof that can be sold without exceeding the Maximum Number of Shares; and (E) fourth, to the extent that
the Maximum Number of Shares has not been reached under the foregoing clauses (A), (B), (C) and (D), the shares of Common Stock
or other securities for the account of other persons that the Company is obligated to register pursuant to written contractual
arrangements with such persons, that can be sold without exceeding the Maximum Number of Shares; and

 

c)
If the registration is a “demand” registration undertaken at the demand of holders of Initial Securities, (A) first,
the shares of Common Stock or other securities for the account of the demanding persons, Pro Rata, that can be sold without exceeding
the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clause (A), the shares of Common Stock or other securities that the Company desires to sell that can be sold without exceeding
the Maximum Number of Shares; (C) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clauses (A) and (B), the shares of Option Securities, Pro Rata, as to which registration has been requested that can be sold without
exceeding the Maximum Number of Shares; (D) fourth, to the extent that the Maximum Number of Shares has not been reached under
the foregoing clauses, the shares of Registrable Securities, Pro Rata, as to which registration has been requested pursuant to
the terms hereof, that can be sold without exceeding the Maximum Number of Shares and (E) fifth, to the extent that the Maximum
Number of Shares has not been reached under the foregoing clauses (A), (B), (C) and (D), the shares of Common Stock or other securities
for the account of other persons that the Company is obligated to register pursuant to written contractual arrangements with such
persons, that can be sold without exceeding the Maximum Number of Shares; and

 

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d)
If the registration is a “demand” registration undertaken at the demand of persons other than either the holders of
Registrable Securities or of Option Securities or the Initial Securities, (A) first, the shares of Common Stock or other securities
for the account of the demanding persons that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent
that the Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or other securities
that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (C) third, to the extent that
the Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), collectively the shares of Common Stock
or other securities comprised of Initial Securities and Option Securities, Pro Rata, as to which registration has been requested,
that can be sold without exceeding the Maximum Number of Shares; (D) fourth, to the extent that the Maximum Number of Shares has
not been reached under the foregoing clauses (A), (B) and (C), the Registrable Securities, Pro Rata, as to which registration
has been requested pursuant to the terms hereof; and (E) fifth, to the extent that the Maximum Number of Shares has not been reached
under the foregoing clauses (A), (B), (C) and (D), the shares of Common Stock or other securities for the account of other persons
that the Company is obligated to register pursuant to written contractual arrangements with such persons, that can be sold without
exceeding the Maximum Number of Shares.

 

	 	2.2.3	Withdrawal.
    Any holder of Registrable Securities may elect to withdraw such holder’s request for inclusion of Registrable Securities
    in any Piggy-Back Registration by giving written notice to the Company of such request to withdraw prior to the effectiveness
    of the Registration Statement. The Company (whether on its own determination or as the result of a withdrawal by persons making
    a demand pursuant to written contractual obligations) may withdraw a Registration Statement at any time prior to the effectiveness
    of such Registration Statement. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred by the holders
    of Registrable Securities in connection with such Piggy-Back Registration as provided in Section 3.3.
	 	 	 
	 	2.2.4	Registrations
    on Form S-3. The holders of Registrable Securities may at any time and from time to time, request in writing that the
    Company register the resale of any or all of such Registrable Securities on a Registration Statement on Form S-3 or any similar
    short-form registration statement which may be available at such time (“Form S-3”); provided, however,
    that the Company shall not be obligated to effect such request through an underwritten offering. Upon receipt of such written
    request, the Company will promptly give written notice of the proposed registration to all other holders of Registrable Securities,
    and, as soon as practicable thereafter, effect the registration of all or such portion of such holder’s or holders’
    Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities or
    other securities of the Company, if any, of any other holder or holders joining in such request as are specified in a written
    request given within fifteen (15) days after receipt of such written notice from the Company; provided, however, that the
    Company shall not be obligated to effect any such registration pursuant to this Section 2.2.4: (i) if Form S-3 is not available
    for such offering; or (ii) if the holders of the Registrable Securities, together with the holders of any other securities
    of the Company entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities
    (if any) at any aggregate price to the public of less than $500,000. Registrations effected pursuant to this Section 2.3 shall
    not be counted as Demand Registrations effected pursuant to Section 2.1.

 

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3.
REGISTRATION PROCEDURES.

 

	 	3.1	Filings;
    Information. Whenever the Company is required to effect the registration of any Registrable Securities pursuant to Section
    2, the Company shall use its best efforts to effect the registration and sale of such Registrable Securities in accordance
    with the intended method(s) of distribution thereof as expeditiously as practicable, and in connection with any such request:

 

	 	3.1.1	Filing
    Registration Statement. The Company shall use its best efforts to, as expeditiously as possible after receipt of a request
    for a Demand Registration pursuant to Section 2.1, prepare and file with the Commission a Registration Statement on any form
    for which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available
    for the sale of all Registrable Securities to be registered thereunder in accordance with the intended method(s) of distribution
    thereof, and shall use its best efforts to cause such Registration Statement to become effective and use its best efforts
    to keep it effective for the period required by Section 3.1.3; provided, however, that the Company shall have the right to
    defer any Demand Registration for up to thirty (30) days, and any Piggy-Back Registration for such period as may be applicable
    to deferment of any demand registration to which such Piggy-Back Registration relates, in each case if the Company shall furnish
    to the holders a certificate signed by the President or Chairman of the Company stating that, in the good faith judgment of
    the Board of Directors of the Company, it would be materially detrimental to the Company and its stockholders for such Registration
    Statement to be effected at such time; provided further, however, that the Company shall not have the right to exercise the
    right set forth in the immediately preceding proviso more than once in any 365-day period in respect of a Demand Registration
    hereunder.
	 	 	 
	 	3.1.2	Copies.
    The Company shall, prior to filing a Registration Statement or prospectus, or any amendment or supplement thereto, furnish
    without charge to the holders of Registrable Securities included in such registration, and such holders’ legal counsel,
    copies of such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement
    (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in
    such Registration Statement (including each preliminary prospectus), and such other documents as the holders of Registrable
    Securities included in such registration or legal counsel for any such holders may request in order to facilitate the disposition
    of the Registrable Securities owned by such holders.

 

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	 	3.1.3	Amendments
    and Supplements. The Company shall prepare and file with the Commission such amendments, including post-effective amendments,
    and supplements to such Registration Statement and the prospectus used in connection therewith as may be necessary to keep
    such Registration Statement effective and in compliance with the provisions of the Securities Act until all Registrable Securities
    and other securities covered by such Registration Statement have been disposed of in accordance with the intended method(s)
    of distribution set forth in such Registration Statement or such securities have been withdrawn or until such time as the
    Registrable Securities cease to be Registrable Securities as defined by the Agreement.
	 	 	 
	 	3.1.4	Notification.
    After the filing of a Registration Statement, the Company shall promptly, and in no event more than two (2) business days
    after such filing, notify the holders of Registrable Securities included in such Registration Statement of such filing, and
    shall further notify such holders promptly and confirm such advice in writing in all events within two (2) business days of
    the occurrence of any of the following: (i) when such Registration Statement becomes effective; (ii) when any post-effective
    amendment to such Registration Statement becomes effective; (iii) the issuance or threatened issuance by the Commission of
    any stop order (and the Company shall take all actions required to prevent the entry of such stop order or to remove it if
    entered); and (iv) any request by the Commission for any amendment or supplement to such Registration Statement or any prospectus
    relating thereto or for additional information or of the occurrence of an event requiring the preparation of a supplement
    or amendment to such prospectus so that, as thereafter delivered to the purchasers of the securities covered by such Registration
    Statement, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required
    to be stated therein or necessary to make the statements therein not misleading, and promptly make available to the holders
    of Registrable Securities included in such Registration Statement any such supplement or amendment; except that before filing
    with the Commission a Registration Statement or prospectus or any amendment or supplement thereto, including documents incorporated
    by reference, the Company shall furnish to the holders of Registrable Securities included in such Registration Statement and
    to the legal counsel for any such holders, copies of all such documents proposed to be filed sufficiently in advance of filing
    to provide such holders and legal counsel with a reasonable opportunity to review such documents and comment thereon, and
    the Company shall not file any Registration Statement or prospectus or amendment or supplement thereto, including documents
    incorporated by reference, to which such holders or their legal counsel shall object.

 

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	 	3.1.5	State
    Securities Laws Compliance. The Company shall use its best efforts to (i) register or qualify the Registrable Securities
    covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in the United
    States as the holders of Registrable Securities included in such Registration Statement (in light of their intended plan of
    distribution) may request and (ii) take such action necessary to cause such Registrable Securities covered by the Registration
    Statement to be registered with or approved by such other governmental authorities as may be necessary by virtue of the business
    and operations of the Company and do any and all other acts and things that may be necessary or advisable to enable the holders
    of Registrable Securities included in such Registration Statement to consummate the disposition of such Registrable Securities
    in such jurisdictions; provided, however, that the Company shall not be required to qualify generally to do business in any
    jurisdiction where it would not otherwise be required to qualify but for this paragraph or subject itself to taxation in any
    such jurisdiction.
	 	 	 
	 	3.1.6	Agreements
    for Disposition. The Company shall enter into customary agreements (including, if applicable, an underwriting agreement
    in customary form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition
    of such Registrable Securities. The representations, warranties and covenants of the Company in any underwriting agreement
    which are made to or for the benefit of any Underwriters, to the extent applicable, shall also be made to and for the benefit
    of the holders of Registrable Securities included in such registration statement. No holder of Registrable Securities included
    in such registration statement shall be required to make any representations or warranties in the underwriting agreement except,
    if applicable, with respect to such holder’s organization, good standing, authority, title to Registrable Securities,
    lack of conflict of such sale with such holder’s material agreements and organizational documents, and with respect
    to written information relating to such holder that such holder has furnished in writing expressly for inclusion in such Registration
    Statement.
	 	 	 
	 	3.1.7	Cooperation.
    The principal executive officer of the Company, the principal financial officer of the Company, the principal accounting officer
    of the Company and all other officers and members of the management of the Company shall cooperate fully in any offering of
    Registrable Securities hereunder, which cooperation shall include, without limitation, the preparation of the Registration
    Statement with respect to such offering and all other offering materials and related documents, and participation in meetings
    with Underwriters, attorneys, accountants and potential investors.
	 	 	 
	 	3.1.8	Records.
    The Company shall make available for inspection by the holders of Registrable Securities included in such Registration Statement,
    any Underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other
    professional retained by any holder of Registrable Securities included in such Registration Statement or any Underwriter,
    all financial and other records, pertinent corporate documents and properties of the Company, as shall be necessary to enable
    them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to supply
    all information requested by any of them in connection with such Registration Statement.

 

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	 	3.1.9	Opinions
    and Comfort Letters. The Company shall furnish to each holder of Registrable Securities included in any Registration Statement
    a signed counterpart, addressed to such holder, of (i) any opinion of counsel to the Company delivered to any Underwriter
    and (ii) any comfort letter from the Company’s independent public accountants delivered to any Underwriter. In the event
    no legal opinion is delivered to any Underwriter, the Company shall furnish to each holder of Registrable Securities included
    in such Registration Statement, at any time that such holder elects to use a prospectus, an opinion of counsel to the Company
    to the effect that the Registration Statement containing such prospectus has been declared effective and that no stop order
    is in effect.

 

	 	3.1.10	Earnings
    Statement. The Company shall comply with all applicable rules and regulations of the Commission and the Securities Act,
    and make available to its stockholders, as soon as practicable, an earnings statement covering a period of twelve (12) months,
    which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder.

 

	 	3.1.11	Listing.
    The Company shall use its best efforts to cause all Registrable Securities included in any registration to be listed on such
    exchanges or otherwise designated for trading in the same manner as similar securities issued by the Company are then listed
    or designated or, if no such similar securities are then listed or designated, in a manner satisfactory to the holders of
    a majority of the Registrable Securities included in such registration.

 

	 	3.1.12	Road
    Show. If the registration involves the registration of Registrable Securities involving gross proceeds in excess of $10,000,000,
    the Company shall use its reasonable efforts to make available senior executives of the Company to participate in customary
    “road show” presentations that may be reasonably requested by the Underwriter in any underwritten offering.

 

	 	3.2	Obligation
    to Suspend Distribution. Upon receipt of any notice from the Company of the happening of any event of the kind described
    in Section 3.1.4(iv), or, in the case of a resale registration on Form S-3 pursuant to Section 2.3 hereof, upon any suspension
    by the Company, pursuant to a written insider trading compliance program adopted by the Company’s Board of Directors,
    of the ability of all “insiders” covered by such program to transact in the Company’s securities because
    of the existence of material non-public information, each holder of Registrable Securities included in any registration shall
    immediately discontinue disposition of such Registrable Securities pursuant to the Registration Statement covering such Registrable
    Securities until such holder receives the supplemented or amended prospectus contemplated by Section 3.1.4(iv) or the restriction
    on the ability of “insiders” to transact in the Company’s securities is removed, as applicable, and, if
    so directed by the Company, each such holder will deliver to the Company all copies, other than permanent file copies then
    in such holder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt
    of such notice.

 

    	12

    	 

    

 

	 	3.3	Registration
    Expenses. The Company shall bear all costs and expenses incurred in connection with any Demand Registration pursuant to
    Section 2.1, any Piggy-Back Registration pursuant to Section 2.2, and any registration on Form S-3 effected pursuant to Section
    2.3, and all expenses incurred in performing or complying with its other obligations under this Agreement, whether or not
    the Registration Statement becomes effective, including, without limitation: (i) all registration and filing fees; (ii) fees
    and expenses of compliance with securities or “blue sky” laws (including fees and disbursements of counsel in
    connection with blue sky qualifications of the Registrable Securities); (iii) printing expenses; (iv) the Company’s
    internal expenses (including, without limitation, all salaries and expenses of its officers and employees); (v) the fees and
    expenses incurred in connection with the listing of the Registrable Securities as required by Section 3.1.11; (vi) Financial
    Industry Regulatory Authority, Inc. fees; (vii) fees and disbursements of counsel for the Company and fees and expenses for
    independent certified public accountants retained by the Company (including the expenses or costs associated with the delivery
    of any opinions or comfort letters requested pursuant to Section 3.1.9); (viii) the fees and expenses of any special experts
    retained by the Company in connection with such registration; and (ix) the fees and expenses of one legal counsel selected
    by the holders of a majority-in-interest of the Registrable Securities included in such registration. The Company shall have
    no obligation to pay any underwriting discounts or selling commissions attributable to the Registrable Securities being sold
    by the holders thereof, which underwriting discounts or selling commissions shall be borne by such holders. Additionally,
    in an underwritten offering, all selling stockholders and the Company shall bear the expenses of the Underwriter pro rata
    in proportion to the respective amount of shares each is selling in such offering.

 

	 	3.4	Information.
    The holders of Registrable Securities shall provide such information as may reasonably be requested by the Company, or the
    managing Underwriter, if any, in connection with the preparation of any Registration Statement, including amendments and supplements
    thereto, in order to effect the registration of any Registrable Securities under the Securities Act pursuant to Section 2
    and in connection with the Company’s obligation to comply with Federal and applicable state securities laws.

 

    	13

    	 

    

 

4. INDEMNIFICATION
AND CONTRIBUTION.

 

	 	4.1	Indemnification
    by the Company. The Company agrees to indemnify and hold harmless each Stockholder and each other holder of Registrable
    Securities, and each of their respective officers, employees, affiliates, directors, partners, members, attorneys and agents,
    and each person, if any, who controls an Stockholder and each other holder of Registrable Securities (within the meaning of
    Section 15 of the Securities Act or Section 20 of the Exchange Act) (each, a “Stockholder Indemnified Party”),
    from and against any expenses, losses, judgments, claims, damages or liabilities, whether joint or several, arising out of
    or based upon any untrue statement (or allegedly untrue statement) of a material fact contained in any Registration Statement
    under which the sale of such Registrable Securities was registered under the Securities Act, any preliminary prospectus, final
    prospectus or summary prospectus contained in the Registration Statement, or any amendment or supplement to such Registration
    Statement, or arising out of or based upon any omission (or alleged omission) to state a material fact required to be stated
    therein or necessary to make the statements therein not misleading, or any violation by the Company of the Securities Act
    or any rule or regulation promulgated thereunder applicable to the Company and relating to action or inaction required of
    the Company in connection with any such registration; and the Company shall promptly reimburse the Stockholder Indemnified
    Party for any legal and any other expenses reasonably incurred by such Stockholder Indemnified Party in connection with investigating
    and defending any such expense, loss, judgment, claim, damage, liability or action; provided, however, that the Company will
    not be liable in any such case to the extent that any such expense, loss, claim, damage or liability arises out of or is based
    upon any untrue statement or allegedly untrue statement or omission or alleged omission made in such Registration Statement,
    preliminary prospectus, final prospectus, or summary prospectus, or any such amendment or supplement, in reliance upon and
    in conformity with information furnished to the Company, in writing, by such selling holder expressly for use therein. The
    Company also shall indemnify any Underwriter of the Registrable Securities, their officers, affiliates, directors, partners,
    members and agents and each person who controls such Underwriter on substantially the same basis as that of the indemnification
    provided above in this Section 4.1.

 

	 	4.2	Indemnification
    by Holders of Registrable Securities. Each selling holder of Registrable Securities will, in the event that any registration
    is being effected under the Securities Act pursuant to this Agreement of any Registrable Securities held by such selling holder,
    indemnify and hold harmless the Company, each of its directors and officers and each Underwriter (if any), and each other
    selling holder and each other person, if any, who controls another selling holder or such Underwriter within the meaning of
    the Securities Act, against any losses, claims, judgments, damages or liabilities, whether joint or several, insofar as such
    losses, claims, judgments, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue
    statement or allegedly untrue statement of a material fact contained in any Registration Statement under which the sale of
    such Registrable Securities was registered under the Securities Act, any preliminary prospectus, final prospectus or summary
    prospectus contained in the Registration Statement, or any amendment or supplement to the Registration Statement, or arise
    out of or are based upon any omission or the alleged omission to state a material fact required to be stated therein or necessary
    to make the statement therein not misleading, if the statement or omission was made in reliance upon and in conformity with
    information furnished in writing to the Company by such selling holder expressly for use therein, and shall reimburse the
    Company, its directors and officers, and each other selling holder or controlling person for any legal or other expenses reasonably
    incurred by any of them in connection with investigation or defending any such loss, claim, damage, liability or action. Each
    such selling holder’s indemnification obligations hereunder shall be several and not joint and shall be limited to the
    amount of any net proceeds actually received by such selling holder.

 

    	14

    	 

    

 

	 	4.3	Conduct
    of Indemnification Proceedings. Promptly after receipt by any person of any notice of any loss, claim, damage or liability
    or any action in respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such person (the “Indemnified
    Party”) shall, if a claim in respect thereof is to be made against any other person for indemnification hereunder,
    notify such other person (the “Indemnifying Party”) in writing of the loss, claim, judgment, damage,
    liability or action; provided, however, that the failure by the Indemnified Party to notify the Indemnifying Party shall not
    relieve the Indemnifying Party from any liability which the Indemnifying Party may have to such Indemnified Party hereunder,
    except and solely to the extent the Indemnifying Party is actually prejudiced by such failure. If the Indemnified Party is
    seeking indemnification with respect to any claim or action brought against the Indemnified Party, then the Indemnifying Party
    shall be entitled to participate in such claim or action, and, to the extent that it wishes, jointly with all other Indemnifying
    Parties, to assume control of the defense thereof with counsel satisfactory to the Indemnified Party. After notice from the
    Indemnifying Party to the Indemnified Party of its election to assume control of the defense of such claim or action, the
    Indemnifying Party shall not be liable to the Indemnified Party for any legal or other expenses subsequently incurred by the
    Indemnified Party in connection with the defense thereof other than reasonable costs of investigation; provided, however,
    that in any action in which both the Indemnified Party and the Indemnifying Party are named as defendants, the Indemnified
    Party shall have the right to employ separate counsel (but no more than one such separate counsel) to represent the Indemnified
    Party and its controlling persons who may be subject to liability arising out of any claim in respect of which indemnity may
    be sought by the Indemnified Party against the Indemnifying Party, with the fees and expenses of such counsel to be paid by
    such Indemnifying Party if, based upon the written opinion of counsel of such Indemnified Party, representation of both parties
    by the same counsel would be inappropriate due to actual or potential differing interests between them. No Indemnifying Party
    shall, without the prior written consent of the Indemnified Party, consent to entry of judgment or effect any settlement of
    any claim or pending or threatened proceeding in respect of which the Indemnified Party is or could have been a party and
    indemnity could have been sought hereunder by such Indemnified Party, unless such judgment or settlement includes an unconditional
    release of such Indemnified Party from all liability arising out of such claim or proceeding.

 

	 	4.4	Contribution.

 

	 	4.4.1	If
    the indemnification provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect
    of any loss, claim, damage, liability or action referred to herein, then each such Indemnifying Party, in lieu of indemnifying
    such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such loss,
    claim, damage, liability or action in such proportion as is appropriate to reflect the relative fault of the Indemnified Parties
    and the Indemnifying Parties in connection with the actions or omissions which resulted in such loss, claim, damage, liability
    or action, as well as any other relevant equitable considerations. The relative fault of any Indemnified Party and any Indemnifying
    Party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material
    fact or the omission or alleged omission to state a material fact relates to information supplied by such Indemnified Party
    or such Indemnifying Party and the parties’ relative intent, knowledge, access to information and opportunity to correct
    or prevent such statement or omission.

 

    	15

    	 

    

 

	 	4.4.2	The
    parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 4.4 were determined
    by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred
    to in the immediately preceding Section 4.4.1.

 

	 	4.4.3	The
    amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to in
    the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other
    expenses incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding
    the provisions of this Section 4.4, no holder of Registrable Securities shall be required to contribute any amount in excess
    of the dollar amount of the net proceeds (after payment of any underwriting fees, discounts, commissions or taxes) actually
    received by such holder from the sale of Registrable Securities which gave rise to such contribution obligation. No person
    guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution
    from any person who was not guilty of such fraudulent misrepresentation.

 

5.
UNDERWRITING AND DISTRIBUTION.

 

	 	5.1	Rule
    144. The Company covenants that it shall file any reports required to be filed by it under the Securities Act and the
    Exchange Act and shall take such further action as the holders of Registrable Securities may reasonably request, all to the
    extent required from time to time to enable such holders to sell Registrable Securities without registration under the Securities
    Act within the limitation of the exemptions provided by Rule 144 under the Securities Act, as such Rules may be amended from
    time to time, or any similar rule or regulation hereafter adopted by the Commission.

 

6.
MISCELLANEOUS.

 

	 	6.1	Other
    Registration Rights. The Company represents and warrants that no person, other than the holders of the Registrable Securities,
    the Initial Securities and the Option Securities, has any right to require the Company to register any shares of the Company’s
    capital stock for sale or to include shares of the Company’s capital stock in any registration filed by the Company
    for the sale of shares of capital stock for its own account or for the account of any other person.

 

    	16

    	 

    

 

	 	6.2	Assignment;
    No Third Party Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder may not be
    assigned or delegated by the Company in whole or in part. This Agreement and the rights, duties and obligations of the holders
    of Registrable Securities hereunder may be freely assigned or delegated by such holder of Registrable Securities in conjunction
    with and to the extent of any transfer of Registrable Securities by any such holder. This Agreement and the provisions hereof
    shall be binding upon and shall inure to the benefit of each of the parties hereto, to the permitted assigns of the Stockholders
    or holder of Registrable Securities or of any assignee of the Stockholders or holder of Registrable Securities. This Agreement
    is not intended to confer any rights or benefits on any persons that are not party hereto other than as expressly set forth
    in Article 4 and this Section 6.2.

 

	 	6.3	Notices.
    All notices, demands, requests, consents, approvals or other communications (collectively, “Notices”)
    required or permitted to be given hereunder or which are given with respect to this Agreement shall be in writing and shall
    be personally served, delivered by reputable air courier service with charges prepaid, or transmitted by hand delivery, telegram,
    telex or facsimile, addressed as set forth below, or to such other address as such party shall have specified most recently
    by written notice. Notice shall be deemed given on the date of service or transmission if personally served or transmitted
    by telegram, telex or facsimile; provided, that if such service or transmission is not on a business day or is after normal
    business hours, then such notice shall be deemed given on the next business day. Notice otherwise sent as provided herein
    shall be deemed given on the next business day following timely delivery of such notice to a reputable air courier service
    with an order for next-day delivery.

 

To
the Company:

 

Jensyn
Acquisition Corp.

4050
Williston Road, #511

South
Burlington, VT 05403

Facsimile:
(___) ___-____

Attention:
Chief Financial Officer

 

with
a copy to:

 

Sullivan
& Worcester LLP

1633
Broadway

New
York, New York 10019

Attention:
David E. Danovitch, Esq.

Facsimile:
(202) 660-3001

 

To
a Stockholder, to the address set forth below such Stockholder’s name on Exhibit A attached hereto.

 

	 	6.4	Severability.
    This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not
    affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of
    any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this
    Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible that is valid and
    enforceable.

 

    	17

    	 

    

 

	 	6.5	Counterparts.
    This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which taken
    together shall constitute one and the same instrument.

 

	 	6.6	Entire
    Agreement. This Agreement (including all agreements entered into pursuant hereto and all certificates and instruments
    delivered pursuant hereto and thereto) constitute the entire agreement of the parties hereto with respect to the subject matter
    hereof and supersede all prior and contemporaneous agreements, representations, understandings, negotiations and discussions
    between the parties hereto, whether oral or written.

 

	 	6.7	Modifications
    and Amendments. No amendment, modification or termination of this Agreement shall be binding upon any party hereto unless
    executed in writing by such party.

 

	 	6.8	Titles
    and Headings. Titles and headings of sections of this Agreement are for convenience only and shall not affect the construction
    of any provision of this Agreement.

 

	 	6.9	Waivers
    and Extensions. Any party to this Agreement may waive any right, breach or default which such party has the right to waive,
    provided that such waiver will not be effective against the waiving party unless it is in writing, is signed by such party,
    and specifically refers to this Agreement. Waivers may be made in advance or after the right waived has arisen or the breach
    or default waived has occurred. Any waiver may be conditional. No waiver of any breach of any agreement or provision herein
    contained shall be deemed a waiver of any preceding or succeeding breach thereof nor of any other agreement or provision herein
    contained. No waiver or extension of time for performance of any obligations or acts shall be deemed a waiver or extension
    of the time for performance of any other obligations or acts.

 

	 	6.10	Remedies
    Cumulative. In the event that the Company fails to observe or perform any covenant or agreement to be observed or performed
    under this Agreement, the Stockholder or any other holder of Registrable Securities may proceed to protect and enforce its
    rights by suit in equity or action at law, whether for specific performance of any term contained in this Agreement or for
    an injunction against the breach of any such term or in aid of the exercise of any power granted in this Agreement or to enforce
    any other legal or equitable right, or to take any one or more of such actions, without being required to post a bond. None
    of the rights, powers or remedies conferred under this Agreement shall be mutually exclusive, and each such right, power or
    remedy shall be cumulative and in addition to any other right, power or remedy, whether conferred by this Agreement or now
    or hereafter available at law, in equity, by statute or otherwise.

 

	 	6.11	Governing
    Law. This Agreement shall be governed by, interpreted under, and construed in accordance with the internal laws of the
    State of Delaware applicable to agreements made and to be performed within the State of Delaware, without giving effect to
    any choice-of-law provisions thereof that would compel the application of the substantive laws of any other jurisdiction.

 

	 	6.12	Waiver
    of Trial by Jury. Each party hereto hereby irrevocably and unconditionally waives the right to a trial by jury in any
    action, suit, counterclaim or other proceeding (whether based on contract, tort or otherwise) arising out of, connected with
    or relating to this Agreement, the transactions contemplated hereby, or the actions of the Stockholder in the negotiation,
    administration, performance or enforcement hereof.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    	18

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Registration Rights Agreement to be executed and delivered by their duly
authorized representatives as of the date first written above.

 

	 	COMPANY:
	 	 	 
	 	Jensyn Acquisition Corp
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	                    
	 	STOCKHOLDERS:
	 	 	 
	 	 
	 	Jeffrey Peck
	 	 	 
	 	 
	 	Frederick Myrick
	 	 	 
	 	 
	 	Diane Cone
	 	 	 
	 	 
	 	Neil Cone
	 	 	 
	 	Mooers Partners, LLC
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Branton Partners, LLC
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Veroma, LLC
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Corondum AB
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 
	 	Joseph Bobier
	 	 	 
	 	Riverside Merchant Partners LLC
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	19

    	 

    

 

EXHIBIT
A

 

	Name	 	Address
	 	 	 
	Jeffrey
    Peck	 	618
    Brennan Woods Drive, Williston, VT 05495
	Frederick
    Myrick	 	1
    Hickory Lane, Essex Junction, VT 05452
	Diane
    Cone	 	227
    Linger Lane, Sun City Center, FL 33573
	Neil
    Cone	 	227
    Linger Lane, Sun City Center, FL 33573
	Mooers
    Partners, LLC	 	3
    Shawandassee Rd., Waterford, CT 06385
	Branton
    Partners, LLC	 	8496
    Eagle Preserve Way, Sarasota, FL 34241
	Veroma,
    LLC	 	208
    Midwood St., Brooklyn, NY 11225
	Corundum
    AB	 	Box
    57, 182 05 Djursholm, Sweden
	Joseph
    Bobier	 	1815
    Bone Creek Road, Berea, WV 26327
	Riverside
    Merchant Partners LLC	 	1581
    Franklin Avenue, Garden City, NY 11530

 

    	20EXHIBIT
10.3

 

FORM

OF

LOCKUP
AGREEMENT 

 

This
Stockholder Lockup Agreement (this “Agreement”) is made and entered into as of June 20, 2019, by and among Jensyn
Acquisition Corp., a Delaware corporation (“JAC”), and the person set forth on the signature page attached hereto
(“Stockholder”). Each capitalized term used, but not otherwise defined, herein has the respective meaning ascribed
to such term in the Share Exchange Agreement, dated as of February 26, 2019, by and among JAC, Peck Electric Co. (“Peck
Electric”) and the stockholders of Peck Electric (the “Exchange Agreement”). 

 

WHEREAS,
JAC has agreed to issue and deliver to the stockholders of Peck Electric a certain number of shares of JAC Common Stock in consideration
for the consummation of the transactions contemplated by the Exchange Agreement (“Exchange Shares”); 

 

WHEREAS,
JAC has agreed that the shares of JAC Common Stock issued to the Peck Electric stockholders as Exchange Shares shall be subject
to a lockup agreement; 

 

WHEREAS,
Stockholder is entitled to receive _________ (_________) Exchange Shares (the “Shares”) pursuant to the Exchange Agreement;
and 

 

WHEREAS,
the execution and delivery of this Agreement by Stockholder is a condition precedent to the obligations of JAC to consummate the
transactions contemplated by the Exchange Agreement. 

 

NOW,
THEREFORE, in consideration of the transactions contemplated by the Exchange Agreement and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Stockholder and JAC hereby agree as follows: 

 

	1.	Stockholder
    hereby acknowledges and agrees that, during the period beginning on the date hereof and ending upon the expiration of the
    Lockup Period (as defined below), Stockholder shall not: 

 

	 	(a)	sell,
    offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree
    to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call
    equivalent position within the meaning of Section 16 of the Exchange Act with respect to any portion of the Shares; 
	 	 	 
	 	(b)	enter
    into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership
    of any of the Shares, whether any such transaction is to be settled by delivery of Shares or such other securities, in cash
    or otherwise; or 
	 	 	 
	 	(c)	publicly
    announce any intention to effect any transaction specified in clauses (a) or (b). 

 

    	 	 	 

    	 	 	 

    

 

As
used herein, the term “Lockup Period” means the period beginning on the Closing Date and with respect to one hundred
percent (100%) of the Shares, ending on the date that is 180 days following the Closing Date 

 

	2.	Notwithstanding
    the provisions of paragraph 1 above, Stockholder may transfer any of the Shares: 

 

	 	(a)	by
    gift or other transfer to a member of Stockholder’s immediate family or to a trust, corporation, partnership or limited
    liability company established for estate planning purposes, the beneficiaries, stockholders, partners or members of which
    are members of such Stockholder’s immediate family or a charitable organization; 
	 	 	 
	 	(b)	by
    virtue of the applicable laws upon dissolution of Stockholder, or by virtue of the Laws of descent and distribution upon the
    death of Stockholder, as applicable; or 
	 	 	 
	 	(c)	to
    any of Stockholder’s Affiliates; 

 

provided,
however, that all such permitted transferees shall execute and deliver a lockup agreement substantially in the form of this Agreement
and shall be bound by the transfer restrictions contained herein. 

 

	3.	Stockholder
    hereby represents and warrants to JAC that such Stockholder has full power and authority to enter into this Agreement. 
	 	 
	4.	JAC
    shall cause each of the certificates evidencing the Shares to be legended with the applicable transfer restrictions. Stockholder
    agrees and consents to the entry of stop transfer instructions with transfer agent and registrar against the transfer of the
    Shares, except in compliance with this Agreement, and JAC and its transfer agent are hereby authorized to decline to make
    any transfer of securities if such transfer would constitute a violation or breach of this Agreement. 
	 	 
	5.	This
    Agreement constitutes the entire agreement by the parties hereto and supersedes all prior understandings, agreements, or representations
    by the parties hereto, written or oral, to the extent that they relate in any way to the subject matter hereof. 
	 	 
	6.	This
    Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted
    assigns. 
	 	 
	7.	This
    Agreement and any claim, controversy or dispute arising out of or related to this Agreement or the interpretation and enforcement
    of the rights and duties of the parties hereto, whether arising in law or equity, whether in contract, tort, under statute
    or otherwise, shall be governed by and construed in accordance with the domestic laws of the State of New York (including
    in respect of the statute of limitations or other limitations period applicable to any such claim, controversy or dispute),
    without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction)
    that would cause the application of the laws of any jurisdiction other than the State of New York. 

 

    	 	2	 

    	 	 	 

    

 

	8.	All
    notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice, request, demand, claim,
    or other communication hereunder shall be deemed duly given (a) when delivered personally to the recipient, (b) when sent
    by electronic mail or facsimile, on the date of transmission to such recipient, (c) one Business Day after being sent to the
    recipient by reputable overnight courier service (charges prepaid), or (d) four (4) Business Days after being mailed to the
    recipient by certified or registered mail, return receipt requested and postage prepaid, and addressed to the address or facsimile
    number indicated on the books and records of JAC or such other address as a party hereto shall subsequently provide. 
	 	 
	9.	No
    amendment of any provision of this Agreement shall be valid unless the same shall be in writing and signed by the parties
    hereto and approved in writing by the Audit Committee of the Board of Directors of JAC. No waiver by any party hereto of any
    provision of this Agreement or any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional
    or not, shall be valid unless the same shall be in writing and signed by the party making such waiver and, in the case of
    JAC, approved in writing by the audit committee of the JAC Board nor shall such waiver be deemed to extend to any prior or
    subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising
    by virtue of any prior or subsequent such occurrence. 
	 	 
	10.	Each
    of the parties hereto has been informed that irreparable damage would occur if any of the provisions of this Agreement are
    not performed in accordance with their specific terms and in the event of breach of this Agreement by a party hereto, the
    non-breaching party would not be adequately compensated in all cases by monetary damages alone. Accordingly, in addition to
    any other right or remedy to which the non-breaching party may be entitled, such party shall be entitled to seek to enforce
    any provision of this Agreement by a decree of specific performance and to temporary, preliminary and permanent injunctive
    relief to prevent breaches or threatened breaches of any of the provisions of this Agreement, without posting any bond or
    other undertaking. 
	 	 
	11.	If
    any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of Law, or public
    policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as
    the economic or legal substance of the transactions contemplated by this Agreement is not affected in any manner materially
    adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of
    being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent
    of such parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this
    Agreement be consummated as originally contemplated to the fullest extent possible. 
	 	 
	12.	This
    Agreement may be executed in one or more counterparts (including by means of electronic mail or facsimile), each of which
    shall be deemed an original but all of which together shall constitute one and the same instrument. This Agreement shall become
    effective when each party hereto shall have received a counterpart hereof signed by the other party hereto. The parties hereto
    agree that the delivery of this Agreement may be effected by means of an exchange of facsimile signatures or other electronic
    delivery. 

 

[Signature
Page Follows] 

 

    	 	3	 

    	 	 	 

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Stockholder Lockup Agreement on the date first written above. 

 

	 	Jensyn Acquisition Corp.
	 	 	 
	 	By:	                           
	 	Name:	Jeffrey
    J. Raymond
	 	Title:	President
	 	 	 
	 	Stockholder:
	 	 
	 	[________________]

 

	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	Name:	 

 

Signature
Page to Stockholder Lockup Agreement 

 

    	 	4

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