Item 1.02. Termination of a Material Definitive Agreement

On December 1, 2020, The Peck Company Holdings, Inc. (the "Company") received notice of forgiveness for the full amount of the loan (the "Loan") that it had obtained under the Small Business Administration Paycheck Protection Program of the Coronavirus Aid, Relief and Economic Security Act of 2020 from NBT Bank (the "Lender"). The terms of the Loan are described in the Form 8-K filed on April 28, 2020. The Company previously applied to the Lender for forgiveness of the Loan, and the full amount of the Loan at the time of forgiveness was $1,496,468.23, including principal and interest.




Item 8.01 Other Events

On December 3, 2020, the Board of Directors of The Peck Company Holdings, Inc., a Delaware corporation (the "Company"), adopted a determination made by the Special Committee of the Board of Directors that the conditions for issuance of "earnout shares" pursuant to Section 2.6 of that certain Share Exchange Agreement by and among Jensyn Acquisition Corp., Peck Electric Co. and the stockholders of Peck Electric Co., dated February 26, 2019 (the "Share Exchange Agreement"), had not been satisfied and as a result the "earnout shares" under the Share Exchange Agreement will not be issued. The Board's adoption of the determination was made by the affirmative vote of a majority of the disinterested directors.

Item 9.01. Financial Statements and Exhibits






Exhibit
No.       Description

10.1        Share Exchange Agreement by and among Jensyn Acquisition Corp., Peck
          Electric Co. and the stockholders of Peck Electric Co., dated February
          26, 2019 (Incorporated by reference to Form 8-K filed on March 1,
          2019)

99.1        Letter from NBT Bank, dated December 1, 2020

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