SEC Contract Filing

Filing Date: 2016-03-11

Document Content:
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<TYPE>EX-10.3D
<SEQUENCE>12
<FILENAME>s102777_ex10-3d.htm
<DESCRIPTION>EXHIBIT 10.3D
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<P STYLE="margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.3(d)&nbsp;</B></P>

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 <TD STYLE="width: 40%; font-size: 10pt">March 2, 2016</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jensyn Acquisition Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">800 West Main Street, Suite 204</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Freehold, New Jersey 07728</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chardan Capital Markets, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">17 State Street, Suite 1600</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New York, New York 10004</P>

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 <TD STYLE="width: 96px; font-size: 10pt">&nbsp;</TD>
 <TD STYLE="width: 48px; font-size: 10pt">Re:</TD>
 <TD STYLE="font-size: 10pt; text-decoration: underline"><U>Initial Public Offering</U></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Gentlemen:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">This letter is being
delivered to you in accordance with the Underwriting Agreement (the &ldquo;<B><I>Underwriting Agreement</I></B>&rdquo;) entered
into by and between Jensyn Acquisition Corp., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), and Chardan Capital
Markets, LLC, as Representative (the &ldquo;<B><I>Representative</I></B>&rdquo;) of the several Underwriters named in Schedule
I thereto (the &ldquo;<B><I>Underwriters</I></B>&rdquo;), relating to an underwritten initial public offering (the &ldquo;<B><I>IPO</I></B>&rdquo;)
of the Company&rsquo;s units (the &ldquo;<B><I>Units</I></B>&rdquo;), each comprised of one share of the Company&rsquo;s common
stock, par value $0.0001 per share (the &ldquo;<B><I>Common Stock</I></B>&rdquo;), one right (&ldquo;<B><I>Right</I></B>&rdquo;)
to receive one-tenth of one share of Common Stock upon consummation of the Company&rsquo;s initial Business Combination, and one
warrant to purchase one-half of one share of Common Stock (&ldquo;<B><I>Warrant</I></B>&rdquo;). Certain capitalized terms used
herein are defined in paragraph 14 hereof.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">In order to induce the
Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit
that such IPO will confer upon the undersigned as a stockholder of the Company, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify">If the Company solicits approval of its stockholders of a Business Combination, the undersigned
will vote all shares of Common Stock beneficially owned by him, her or it, whether acquired before, in or after the IPO, in favor
of such Business Combination.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify">(a) In the event that the Company fails to consummate a Business Combination within the time period
required by the Company&rsquo;s Amended and Restated Certificate, the undersigned shall take all reasonable steps to (i) cause
the Company to cease all operations except for the purpose of winding up, (ii) as promptly as possible, but no more than ten business
days after the expiration of such period, redeem 100% of the outstanding IPO Shares for a pro rata portion of the funds held in
the Trust Account and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company&rsquo;s
remaining holders of Common Stock and the Board of Directors, cause the Company to dissolve and liquidate, subject (in the case
of (ii) and (iii) above) to the Company&rsquo;s obligations under Delaware law to provide for claims of creditors and the requirements
of other applicable law.</TD></T