Document:

Exhibit
10.21

 

THIRD
AMENDMENT AGREEMENT entered into as of the May 8, 2020 (the “Third Amendment”),

 

	BETWEEN:	KNIGHT
    THERAPEUTICS (BARBADOS) INC., a corporation formed under the laws of Barbados;

 

(hereinafter
called the “Lender”)

 

	AND:	SYNERGY
    CHC CORP., a corporation formed under the laws of the State of Nevada;

 

(hereinafter
called the “Borrower”)

 

WHEREAS
the Borrower and the Lender are parties to that certain loan agreement made as of the 21st day of January, 2015, as amended
by a first amending agreement dated November 12, 2015, as amended and restated as of the 9th day of August, 2017, as amended
by a loan amendment agreement to the amended and restated loan agreement dated May 14, 2018 and as amended by a second amendment to the
amended and restated loan agreement dated March 27, 2019 (such agreement, as amended, restated, amended and restated or otherwise modified
from time to time as of the date hereof, the “Loan Agreement”);

 

WHEREAS
the Borrower has requested (i) that the Lender advance an additional loan in the principal amount of Two Million Five Hundred Thousand
United States Dollars (US$2,500,000) in order to fund working capital needs (the “Additional Loan”) and (ii) certain
amendments to the Loan Agreement, including with respect to Maturity Date and the payment of the Third Tranche Success Fee (as hereinafter
defined);

 

WHEREAS
the Lender and the Borrower desire to amend the Loan Agreement to, inter alia, provide for the Additional Loan on the terms
and conditions set forth herein and to amend certain terms and conditions in the Loan Agreement;

 

NOW,
THEREFORE, IN CONSIDERATION of these presents and of the mutual covenants hereinafter contained, the parties have agreed as follows:

 

    	 

     

    

 

ARTICLE
1

INTERPRETATION

 

	1.1
    	Capitalized
    Terms

 

In
this Third Amendment (including the recitals), capitalized terms not otherwise defined herein shall have the meanings ascribed to such
terms in the Loan Agreement as if amended to include the amendments set out in this Third Amendment.

 

	1.2
    	To
    be Read with Loan Agreement

 

This
Third Amendment is an amendment to the Loan Agreement. Unless the context of the Third Amendment otherwise requires, the Loan Agreement
and this Third Amendment shall be read together and shall have effect as if the provisions of the Loan Agreement and this Third Amendment
were contained in one agreement.

 

ARTICLE
2

AMENDMENTS

 

	2.1
    	Amendments
    to the Loan Agreement

 

The
Borrower and the Lender hereby agree to amend the Loan Agreement as follows:

 

	 	2.1.1	 Section
    1.1 of the Loan Agreement is amended by inserting or restating the following definitions (as the case may be):
	 	 	 
	 	 	“Additional
    Loan” means the loan to the Borrower by the Lender in the principal amount of Two Million Five Hundred Thousand United
    States Dollars (US$2,500,000) pursuant to the Third Amendment.
	 	 	 
	 	 	“Additional
    Loan Success Fee” has the meaning set forth in Section 4.8. “Third Tranche Success Fee” has the meaning
    set forth in Section 4.8.
	 	 	 
	 	 	“Loan”
    means, collectively or individually, as the context requires, the First Tranche, the Second Tranche, the Third Tranche, the Additional
    Loan, any Additional Tranches and, starting August 9, 2020, the Third Tranche Success Fee.
	 	 	 
	 	 	“Loan
    Documents” means (i) this Agreement and the Loan Agreement, as amended hereby, and the Security Documents delivered by
    the Loan Parties pursuant to this Agreement and the Existing Loan Agreement or otherwise in connection with this Agreement and the
    Existing Loan Agreement, including any Loan Document delivered to Lender as general continuing collateral security for the payment
    and performance of the present and future Obligations (including obligations relating to the Second Tranche, the Third Tranche, the
    Additional Loan, any Additional Tranche and the Third Tranche Success Fee), as well as any amendments, replacements, supplements
    or other modifications hereto or thereto or any other documents or instruments contemplated hereby or thereby, (ii) all present and
    future security, agreements and documents labelled by the parties thereto as a Loan Document, (iii) all confirmation agreements delivered
    by the Loan Parties confirming the validity of any of the foregoing Loan Documents and (iv) Lender Distribution Agreements, in each
    case as the same may from time to time be supplemented, amended or restated, and “Loan Document” shall mean any one of
    the Loan Documents.

 

    	 

    	- 2 -

    

 

	 	 	“Maturity
    Date(s)” means: (i) with respect to the First Tranche, January 20, 2018, (ii) with respect to the Second Tranche, November
    11, 2017, (iii) with respect to the Third Tranche, December 31, 2020, (iv) with respect to the Additional Loan, the first anniversary
    of the Second Closing Date and (v) with respect to the Third Tranche Success Fee, August 31, 2022.
	 	 	 
	 	 	“Projected
    Sales Schedule” means the target revenues and projected sales of the Borrower attached to the Third Amendment as Schedule
    B.
	 	 	 
	 	 	“Repayment
    Schedule” means the Amended and Restated Schedule of Repayment of principal of the Loan attached to the Third Amendment
    as Schedule A.
	 	 	 
	 	 	“Second
    Closing Date” means May 8, 2020 or such other date on which the Additional Loan is advanced to the Borrower.
	 	 	 
	 	 	“Termination
    Date” means August 31, 2022.
	 	 	 
	 	 	“Third
    Amendment” means that certain Third Amendment to Loan Agreement dated as of May 8, 2020.

 

	 	2.1.2
    	The
    following shall be added as Section 2.1(d) immediately following Section 2.1(c) in respect of the Additional Loan:
	 	 	 
	 	 	“(d)
    Additional Loan. Subject to the terms and conditions of this Agreement and the other Loan Documents, the Lender agrees to
    loan to the Borrower in lawful money of the United States the Additional Loan on the terms hereof and the Borrower hereby irrevocably
    authorizes the Lender to advance the Additional Loan on the terms hereof. The Additional Loan shall bear interest as set forth in
    Section 4.1 of this Agreement.”
	 	 	 
	 	2.1.3	 Section
    4.1 (b) is hereby amended and restated as follows:
	 	 	 
	 	 	“(b)
    Third Tranche and Additional Loan. Subject to Section 4.3, the principal amount of the Third Tranche, the Additional Loan
    and other outstanding Obligations relating to the Third Tranche and the Additional Loan shall bear interest from the Second Closing
    Date to the date paid in full, at a rate equal to 12.5% per annum compounded quarterly. In each case such interest shall be payable
    in arrears in accordance with Section 4.2 and calculated in accordance with Section 4.4(b).

 

    	 

    	- 3 -

    

 

	 	2.1.4
    	Section
    4.1 is hereby amended by adding the following immediately after 4.1(c):
	 	 	 
	 	 	“(d)
    Third Tranche Success Fee. Subject to Section 4.3, the principal amount of the Third Tranche Success Fee and other outstanding
    Obligations relating to the Third Tranche Success Fee shall bear interest from August 9, 2020 to the date paid, at a rate equal to
    12.5% per annum compounded quarterly. In each case such interest shall be payable in arrears in accordance with Section 4.2 and calculated
    in accordance with Section 4.4(b).
	 	 	 
	 	2.1.5
    	Section
    4.4 is hereby amended by adding the following after 4.4(b):
	 	 	 
	 	 	“(c)
    Additional Loan and the Third Tranche Success Fee. With respect to the Additional Loan and the Third Tranche Success Fee,
    interest shall be determined daily and compounded quarterly not in advance, both before and after demand, default and judgment and
    shall be computed on a 360-day basis.”
	 	 	 
	 	2.1.6
    	Section
    4.8 is hereby amended and restated as follows:
	 	 	 
	 	 	The
    Borrower will pay to Lender (i) a success fee in the amount of US$1,000,000 with respect to the Third Tranche (the “Third
    Tranche Success Fee”), which amount shall be fully earned as of the Second Closing Date and payable no later than the Termination
    Date and (ii) a success fee in the amount of US$83,250 with respect to the Additional Loan (the “Additional Loan Success
    Fee”), which shall be fully no later than the Second Closing Date and payable on the first anniversary of the Second Closing
    Date. The Third Tranche Success Fee shall bear interest as set forth in Section 4.1 of this Loan Agreement and, for certainty, the
    Third Tranche Success Fee and the Additional Loan Success Fee shall be “Obligations” as defined in this Agreement and
    in the other Loan Documents.
	 	 	 
	 	2.1.7
    	The
    following shall be added as Section 9.1 (bb) immediately following Section 9.1 (aa):
	 	 	 
	 	 	9.1
    (bb) Weekly Sweep. Without limiting in any way the provisions of Section 9.2(q), the Loan Parties undertake and agree that any
    funds, Permitted Cash Investments, cash or Equity Interests deposited or held in a Deposit Account or a Security Account not subject
    to a Control Agreement shall be transferred to a Deposit Account or a Security Account subject to a Control Agreement on no less
    than a weekly basis.

 

    	 

    	- 4 -

    

 

	 	2.1.8
    	The
    following shall be added as Section 9.4 immediately following Section 9.3:
	 	 	 
	 	 	9.4.
    Agreements and other deliverables to be delivered following the Second Closing Date.
	 	 	 
	 	 	(a)
    Within thirty (30) days of the Second Closing Date (or such later date agreed to by the Lender), the Borrower shall enter into, and
    provide the Lender with an executed copy of, a third party logistics services agreement with Moulton Logistics, which agreement shall
    be on terms and conditions consistent with the current arrangements between the Borrower and Moulton Logistics as disclosed by the
    Borrower to the Lender prior to the date hereof (the “3PL Agreement”;
	 	 	 
	 	 	(b)
    Within thirty (30) days of the Second Closing Date (or such later date agreed to by the Lender), the Borrower shall obtain a consent,
    waiver and acknowledgement from Moulton Logistics, in form, scope and substance reasonably acceptable to the Lender;
	 	 	 
	 	 	(c)
    Within sixty (60) days of the Second Closing Date (or such later date agreed to by the Lender), the Borrower shall enter into, and
    provide the Lender with executed copies of, master quality agreements between the Borrower and each of its two principal suppliers
    with respect to FF Products, which agreements shall be in form, scope and substance satisfactory to the Lender, acting reasonably;
	 	 	 
	 	 	(d)
    Within fifteen (15) days of the Second Closing Date (or such later date agreed to by the Lender), the Borrower shall deliver evidence
    of the perfection of the Lender’s security in the State of Maine;
	 	 	 
	 	 	(e)
    Within ten (15) days of the Second Closing Date (or such later date agreed to by the Lender), the Borrower shall deliver a certificate
    of status or good standing, as applicable, for the State of Maine;
	 	 	 
	 	 	(f)
    Within twenty (20) days of the Second Closing Date (or such later date agreed to by the Lender), the Borrower shall deliver a certificate
    of insurance to the Lender evidencing appropriate property insurance, in form and substance satisfactory to the Lender, acting reasonably;
    and
	 	 	 
	 	 	(h)
    Within thirty (30) days of the Second Closing Date (or such later date agreed to by the Lender), the Borrower shall provide the Lender
    with evidence that notices of the Liens granted to the Lender have been duly filed with the United States Patent and Trademark Office
    and the Canadian Intellectual Property Office.

 

    	 

    	- 5 -

    

 

	 	2.1.9
    	Section
    9.1(z)(i) of the Loan Agreement is hereby amended and restated as follows:
	 	 	 
	 	 	“(i)
    Minimum EBITDA. The Borrower shall maintain a minimum EBITDA of Three Million Dollars (US$3,000,000) for the twelve (12) months
    ending on June 30, 2020 and Four Million Dollars (US$4,000,000) for the twelve (12) month period ending on the last day of each Fiscal
    Quarter thereafter.”
	 	 	 
	 	2.1.10
    	Section
    9.1(z)(iii) of the Loan Agreement is hereby amended and restated as follows:
	 	 	 
	 	 	“(iii)
    Cash Balance. The Borrower will maintain at all times a minimum positive cash balance equal to Six Hundred Thousand Dollars
    (US$600,000), and the Borrower shall prepare a statement in accordance with GAAP setting forth the aggregate amount of cash and cash
    equivalents so held by the Borrower, which statement shall be certified by the Chief Executive Officer and Chief Financial Officer
    of the Borrower (the “Cash Balance Statement”).”
	 	 	 
	 	2.1.11
    	Section
    9.2(q) of the Loan Agreement is amended by adding the following text at the end thereof.
	 	 	 
	 	 	“Notwithstanding
    the foregoing, the proceeds of the Additional Loan advanced by the Lender on the Second Closing Date shall be immediately deposited
    in and at all times thereafter held only in Deposit Accounts that are subject to Control Agreements and, for certainty, the transfer
    of all or any portion of the proceeds of the Additional Loan to any other Deposit Account, or any other account at any financial
    institution or any other institution (including securities firms) and brokerage accounts, at any time shall constitute an Event of
    Default hereunder.”
	 	 	 
	 	2.1.12
    	Section
    9.2 of the Loan Agreement is amended by adding the following text after subsection (t):
	 	 	 
	 	 	“(u)
    Covid-19 Covenant. Notwithstanding anything else set forth in this Agreement or in any other Loan Document, if the monthly
    Consolidated net revenues of the Borrower fall below the monthly revenue targets and projected sales set forth in the Projected Sales
    Schedule by an amount of more than 18%, then the Borrower shall immediately: (i) cease all consulting service payments otherwise
    payable to Kenek Brands Inc. pursuant to any written or oral employment service or consulting agreements (the “Suspension
    of Compensation”), (ii) implement such other cost-cutting measures proposed by the Borrower and approved by and satisfactory
    to the Lender, acting reasonably (the “Acceptable Cost-Cutting Measures”) and, unless otherwise confirmed by the
    Lender to the Borrower in writing, the Suspension of Compensation and Acceptable Cost-Cutting Measures shall remain in effect until
    the earlier of (i) the indefeasible repayment and performance in full of the Obligations and (ii) the Termination Date. For certainty,
    the failure of the Borrower to implement and maintain the Suspension of Compensation or establish, implement and maintain Acceptable
    Cost-Cutting Measures shall be an Event of Default.

 

    	 

    	- 6 -

    

 

	 	2.1.13
    	From
    and as of the Second Closing Date, (i) all references in the Loan Agreement to “this Agreement” shall mean the Loan Agreement
    as amended by this Third Amendment, and as may otherwise be amended, restated, supplemented or otherwise modified from time to time,
    and (ii) all references in the other Loan Documents to the “Loan Agreement” (or words of similar import) shall be deemed
    to be references to the Loan Agreement as amended by this Third Amendment, and as may otherwise be amended, restated, supplemented
    or otherwise modified from time to time. All references in any of the Loan Documents to the “Loan Documents” shall mean
    the Loan Documents as amended by this Third Amendment and as may otherwise be amended restated, supplemented or otherwise modified
    from time to time and, for certainty, shall include any security, agreements and documents executed and delivered by the Borrower
    or any of its Subsidiaries in connection with this Third Amendment.
	 	 	 
	 	2.1.14
    	Except
    as expressly amended by this Third Amendment, all other provisions of the Loan Agreement and the Loan Documents not specifically
    amended hereby shall remain unchanged and in full force and effect.

 

ARTICLE
3

REPRESENTATIONS
AND WARRANTIES

 

	3.1
    	Representations
    and Warranties

 

In
order to induce the Lender to enter into this Third Amendment, the Borrower represents and warrants to the Lender as of the Second Closing
Date as follows, which representations and warranties shall survive the execution and delivery hereof:

 

	 	3.1.1
    	after
    giving effect to the updated disclosure schedules contemplated in subsection 3.1.4 of this Third Amendment, the representations and
    warranties set forth in Article 7 of the Loan Agreement are true and correct as of the Second Closing Date;
	 	 	 
	 	3.1.2
    	all
    consents and approvals required in connection with the execution and delivery by the Loan Parties of this Third Amendment and the
    other Loan Documents contemplated hereby have been obtained;
	 	 	 
	 	3.1.3
    	the
    execution and delivery of this Third Amendment and the other Loan Documents contemplated hereby do not conflict with or contravene
    any agreement to which any Loan Party is a party;
	 	 	 

    	 

    	- 7 -

    

 

	 	3.1.4
    	attached
    to this Third Amendment are updated disclosure schedules to the Loan Agreement in connection with each representation set forth in
    Section 11 of the Loan Agreement, which schedules reflect such representations being current to the Second Closing Date (as contrasted
    to the Closing Date);
	 	 	 
	 	3.1.5
    	all
    necessary action, corporate or otherwise, has been taken to authorize the execution, delivery and performance of this Third Amendment
    and the other Loan Documents contemplated hereby by the Loan Parties;
	 	 	 
	 	3.1.6
    	as
    of the Second Closing Date, no Default or Event of Default exists.

 

ARTICLE
4

CONDITIONS
PRECEDENT & CLOSING DATE

 

	4.1
    	Conditions
    to Loan by the Lender

 

The
effectiveness of this Third Amendment and the Lender’s obligation to fund the Additional Loan amount shall be subject to the following
conditions precedent having been met to the satisfaction of the Lender, or, alternatively, waived in writing by the Lender:

 

	 	4.1.1
    	the
    Borrower will pay to the Lender Thirty Six Thousand United States Dollars (US$36,000) as payment of the Work Fee in respect of the
    Additional Loan amount, (which, for certainty, shall be fully earned and payable on the date hereof, whether or not the Additional
    Loan is advanced);
	 	 	 
	 	4.1.2
    	the
    Borrower will pay to the Lender Five Hundred Thousand United States Dollars (US$500,000) as a partial repayment of the outstanding
    principal amount of the Third Tranche;
	 	 	 
	 	4.1.3
    	this
    Agreement shall have been executed and delivered by all parties hereto;
	 	 	 
	 	4.1.4	 the
    Borrower and its Subsidiaries shall have executed and delivered to the Lender a confirmation of guarantee and security agreement;
	 	 	 
	 	4.1.5
    	the
    Lender shall have received certified copies of the resolutions authorizing the execution, delivery and performance of Borrower’s
    obligations hereunder and copies of the resolutions of the Borrower authorizing the confirmation of guarantee and security agreement
    regarding the Loan Documents to which they are a party and the transactions contemplated therein, and the incumbency of the officers
    of Borrower;
	 	 	 
	 	4.1.6
    	certificates
    of status or good standing, as applicable, for all relevant jurisdictions of Borrower shall have been delivered to the Lender;
	 	 	 
	 	4.1.7
    	the
    Loan Parties shall be in compliance in all material respects with all (if any) Material Contracts and Material Licences to the satisfaction
    of the Lender and copies of all Material Contracts and Material Licences if any, applicable to the Loan Parties, shall have been
    delivered to the Lender;

 

    	 

    	- 8 -

    

 

	 	4.1.8
    	evidence
    that all necessary or required consents or approvals of any Governmental Authority or other Person in connection the delivery of
    the Loan Documents have been obtained;
	 	 	 
	 	4.1.9
    	US
    and Canadian Lien searches and reports thereon, and releases, discharges, estoppels and postponements with respect to all Liens which
    are not Permitted Liens, if any, shall have been delivered to the Lender;
	 	 	 
	 	4.1.10
    	payment
    of all amounts and fees payable to the Lender (for certainty, including fees of counsel to the Lender);
	 	 	 
	 	4.1.11
    	duly
    executed copies of the Security (including any additional Security required by the Lender further to the merger of the Borrower or
    otherwise) shall have been delivered to the Lender and such financing statements or other registrations of such Security, or notice
    thereof, shall have been filed, registered, entered or recorded in all offices of public record necessary or desirable in the opinion
    of the Lender to preserve or protect the charges and security interests created thereby;
	 	 	 
	 	4.1.12
    	a
    currently dated letter of opinion of US counsel to the Borrower shall have been delivered to the Lender. Such opinions shall, amongst
    other things, opine as to the enforceability of this Agreement and the Loan Agreement as amended hereby, that the existing Security
    delivered in connection with the Loan Agreement is first ranking perfected security in favour of the Lender in respect to all of
    the Obligations, including without limitation, the Additional Loan, and shall also address other customary enforceability, security
    and corporate matters;
	 	 	 
	 	4.1.13	 the
    Borrower shall have delivered to the Lender certificates of insurance acceptable to the Lender showing, inter alia, the Lender as
    a first loss payee as its interest may appear on all insurance policies that insure the assets to be secured by the Security;
	 	 	 
	 	4.1.14	 no
    Default or Event of Default shall have occurred and be continuing on the Second Closing Date or would result from making the Additional
    Loan and a senior officer of the Borrower shall have certified the same to the Lender;
	 	 	 
	 	4.1.15
    	no
    Material Adverse Effect shall have occurred;
	 	 	 
	 	4.1.16
    	the
    Lender shall have received such additional evidence, documents or undertakings as the Lender shall reasonably request to establish
    the consummation of the transactions contemplated hereby and be satisfied, acting reasonably, as to the taking of all proceedings
    in connection herewith in compliance with the conditions set forth in this Third Amendment; and
	 	 	 
	 	4.1.17
    	the
    Lender shall have completed all due diligence which it considers necessary or appropriate in its discretion in regard to the Loan
    Parties and their Property, books and records, operations, prospects and condition (financial or otherwise), including, without limitation,
    in regards to past and ongoing compliance with Applicable Laws (including Environmental Laws), union and labour relations and pension
    matters.

 

    	 

    	- 9 -

    

 

ARTICLE
5

MISCELLANEOUS

 

	5.1
    	Further
    Assurances

 

Each
of the Borrower and the Lender shall, from time to time hereafter and upon any reasonable request of the other party, execute and deliver
such further agreements and documents and do all such other acts and things as may be necessary or appropriate to give effect to the
foregoing.

 

	5.2
    	Time
    of the Essence 

 

Time
shall be of the essence of this Third Amendment.

 

	5.3
    	Severability
    

 

If
any provision of this Third Amendment is found by final judgment of a court of competent jurisdiction to be invalid or unenforceable
in whole or in part, such provision (or part thereof, as the case may be) shall be severable and such finding shall not affect the validity
or enforceability of the remainder of such provision or of any other provision hereof.

 

	5.4
    	Enurement

 

This
Third Amendment shall enure to the benefit of and be binding upon the parties hereto and their permitted assigns.

 

	5.5
    	Counterparts

 

This
Third Amendment may be executed in one or more counterparts, each of which shall be deemed an original and all of which, taken together,
shall constitute one and the same instrument.

 

	5.6
    	Paramountcy

 

In
the event of any conflict or inconsistency between the terms and conditions of this Third Amendment and the terms and conditions of any
other Loan Document, including the Loan Agreement, the terms and conditions of this Third Amendment shall prevail and be paramount to
the extent of such conflict or inconsistency.

 

	5.7
    	Continuance
    of Loan Agreement and Security

 

The
Loan Agreement, as changed, altered, amended or modified by this Third Amendment, shall be and continue in full force and effect and
is hereby confirmed and the rights and obligations of all parties thereunder shall not be affected or prejudiced in any manner except
as specifically provided for herein. Nothing in this Third Amendment shall constitute a release, settlement, extinguishment, rescission
or novation of any indebtedness or Loan outstanding under the Loan Agreement and all advances outstanding under the Loan Agreement shall
continue as advances following the execution and delivery of this Third Amendment.

 

    	 

    	- 10 -

    

 

	5.8
    	Performance;
    No Lender Defaults.

 

The
Borrower confirms that the Lender has fully and timely performed all of its respective obligations and duties in compliance with the
Loan Documents and applicable law, and has acted reasonably and in good faith. In further consideration of the Lender’s execution
of this Third Amendment, the Borrower, on behalf of itself, its successors, assigns, affiliates, members, officers, directors, employees,
agents and attorneys hereby forever, fully, unconditionally and irrevocably waive and release the Lender, and the respective successors,
assigns, parents, subsidiaries, affiliates, officers, directors, employees, attorneys and agents of each (each a “Releasee”)
from any and all claims, liabilities, obligations, debts, causes of action (whether at law or in equity or otherwise), defenses, counterclaims,
setoffs, of any kind, whether known or (to the maximum extent permitted by applicable law) unknown, whether liquidated or unliquidated,
matured or unmatured, fixed or contingent, directly or indirectly arising out of, connected with, resulting from or related to any act
or omission by the Lender, or any other Releasee, with respect to the Loan Documents and any collateral, other than Lender’s or
any Releasee’s gross negligence or willful misconduct, on or before the date of this Third Amendment (collectively, the “Claims”).
Borrower further agrees that it shall not commence, institute, or prosecute any lawsuit, action or other proceeding, whether judicial,
administrative or otherwise, to collect or enforce any Claim.

 

	5.9
    	Governing
    Law

 

This
Third Amendment will be governed by and construed in accordance with the laws of the Province of Quebec and the laws of Canada applicable
therein.

 

	5.10
    	Language

 

The
parties acknowledge that they have requested that this Third Amendment and all ancillary documents be drawn up in the English language
only. Les parties reconnaissent avoir exigé que cette convention ainsi que tous les documents y reliés soient rédigés
en anglais seulement.

 

(signature
page follows)

 

    	 

    	- 11 -

    

 

IN
WITNESS WHEREOF the parties hereto have duly executed this Third Amendment as of the date and at the place first hereinabove set
forth.

 

	 	KNIGHT
    THERAPEUTICS (BARBADOS) INC.
	 	 	 
	 	by	/s/
    Michel Loustric
	 	Name:	Michel
    Loustric
	 	Title:	President
	 	 	 
	 	SYNERGY CHC CORP.
	 	 	 
	 	by	/s/
    Jack Ross
	 	Name:	Jack
    Ross
	 	Title:	CEOExhibit
10.29

 

INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (the “Agreement”) is made and
entered into as of              , 2021 between Synergy CHC Corp., a Nevada corporation (the “Company”),
and ____________ (“Indemnitee”).

 

WITNESSETH
THAT:

 

WHEREAS,
highly competent persons have become more reluctant to serve corporations as directors, officers or in other capacities unless they are
provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against
them arising out of their service to and activities on behalf of the corporation;

 

WHEREAS,
the Board of Directors of the Company (the “Board”) has determined that, in order to attract and retain qualified
individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving
the Company and its subsidiaries from certain liabilities. Although the furnishing of such insurance has been a customary and widespread
practice among United States-based corporations and other business enterprises, the Company believes that, given current market conditions
and trends, such insurance may be available to it in the future only at higher premiums and with more exclusions. At the same time, directors,
officers, and other persons in service to corporations or business enterprises are being increasingly subjected to expensive and time-consuming
litigation relating to, among other things, matters that traditionally would have been brought only against the Company or business enterprise
itself. Chapter 78 of the Nevada Revised Statutes (the “NRS”) and the Amended and Restated Articles of Incorporation
of the Company (the “Articles”) authorize indemnification of the directors, officers, employees, fiduciaries
and agents of the Company. The Amended and Restated Bylaws of the Company (the “Bylaws”) provide that the Company
will indemnify the directors and officers of the Company. The NRS expressly provides that the indemnification provisions set forth therein
are not exclusive, and thereby contemplate that contracts may be entered into between the Company and persons acting on behalf of the
Company with respect to indemnification;

 

WHEREAS,
the uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining such persons;

 

WHEREAS,
the Board has determined that the increased difficulty in attracting and retaining such persons is detrimental to the best interests
of the Company’s stockholders and that the Company should act to assure such persons that there will be increased certainty of
such protection in the future;

 

WHEREAS,
it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf
of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from
undue concern that they will not be so indemnified;

 

WHEREAS,
this Agreement is a supplement to and in furtherance of any indemnification provisions in the Articles and/or the Bylaws of the Company
and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of
Indemnitee thereunder; and

 

WHEREAS,
Indemnitee does not regard the protection available under the NRS, the Bylaws and insurance as adequate in the present circumstances,
and may not be willing to serve as an officer or a director without adequate protection, and the Company desires Indemnitee to serve
in such capacity. Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Company
on the condition that he or she be so indemnified.

 

NOW,
THEREFORE, in consideration of Indemnitee’s agreement to serve as an officer and/or a director from and after the date of this
Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:

 

1.
Indemnity of Indemnitee. The Company hereby agrees to hold harmless and indemnify Indemnitee to the fullest extent permitted by
law, as such may be amended from time to time. In furtherance of the foregoing indemnification, and without limiting the generality thereof.

 

    	 

     

    

 

(a)
Proceedings Other Than Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification
provided in this Section l(a) if, by reason of his or her Corporate Status (as hereinafter defined), Indemnitee was or is a party,
or is threatened to be made a party, to any Proceeding (as hereinafter defined) other than a Proceeding by or in the right of the Company.
Pursuant to this Section 1(a), the Company shall indemnify Indemnitee against all Expenses (as hereinafter defined), judgments,
fines and amounts paid in settlement actually and reasonably incurred by him or her, or on his or her behalf, in connection with such
Proceeding or any claim, issue or matter therein, if Indemnitee either (i) is not liable pursuant to NRS 78.138 or (ii) acted in good
faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and with respect to
any criminal Proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful.

 

(b)
Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided in this
Section 1(b) if, by reason of his or her Corporate Status, Indemnitee is, or is threatened to be made, a party to or participant
in any Proceeding brought by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 1(b),
the Company shall indemnify Indemnitee against all Expenses and amounts paid in settlement actually and reasonably incurred by Indemnitee,
or on Indemnitee’s behalf, in connection with such Proceeding or any claim, issue or matters therein, if Indemnitee either (i)
is not liable pursuant to NRS 78.138 or (ii) acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed
to the best interests of the Company; provided, however, if applicable law so provides, no indemnification against such
Expenses or other amounts shall be made in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged by a
court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable to the Company or for amounts paid in settlement
to the Company, unless and only to the extent that the court in which the Proceeding was brought or other court of competent jurisdiction
shall determine that in view of all the circumstances in the case, Indemnitee is fairly and reasonably entitled to indemnity for such
expenses as the court deems proper.

 

(c)
Termination of Proceeding. The termination of any Proceeding by judgment, order, settlement, conviction or upon a plea of nolo
contendere or its equivalent, shall not, of itself, adversely affect the right of Indemnitee to indemnification or create an inference
or presumption either that Indemnitee is liable pursuant to NRS 78.138, that Indemnitee did not act in good faith and in a manner which
he or she reasonably believed to be in or not opposed to the best interests of the corporation, or, with respect to any criminal action
or proceeding, that Indemnitee had reasonable cause to believe that the conduct was unlawful. The Company acknowledges that such a resolution,
short of final judgment, may be successful on the merits if it permits a party to avoid expense, delay, distraction, disruption and uncertainty.
In the event that any Proceeding to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee
(including, without limitation, settlement of such Proceeding with or without payment of money or other consideration) it shall be presumed
that Indemnitee has been successful on the merits or otherwise in such Proceeding. Anyone seeking to overcome this presumption shall
have the burden of proof and the burden of persuasion by clear and convincing evidence.

 

(d)
Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement,
to the extent that Indemnitee is, by reason of his or her Corporate Status, a party to and is successful, on the merits or otherwise,
in any Proceeding, the Company shall indemnify Indemnitee to the maximum extent permitted by law, as such may be amended from time to
time, against all Expenses actually and reasonably incurred by him or her on his or her behalf in connection with the defense of the
Proceeding. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more
but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually
and reasonably incurred by him or her, or on his or her behalf, in connection with each successfully resolved claim, issue or matter.
For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal,
with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

 

2.
Additional Indemnity. In addition to, and without regard to any limitations on, the indemnification provided for in Section
1 of this Agreement, the Company shall and hereby does indemnify and hold harmless Indemnitee, to the fullest extent permitted by
law, as may be amended from time to time, against all Expenses, judgments, fines and amounts paid in settlement actually and reasonably
incurred by him or her, or on his or her behalf, if, by reason of his or her Corporate Status, he or she was or is a party, or is threatened
to be made a party, to any Proceeding (including a Proceeding by or in the right of the Company), including, without limitation, all
liability arising out of the simple or gross negligence, recklessness, or active or passive wrongdoing of Indemnitee. The only limitation
that shall exist upon the Company’s obligations pursuant to this Agreement shall be that the Company shall not be obligated to
make any payment to Indemnitee that is finally determined (under the procedures, and subject to the presumptions, set forth in Section
6 and Section 7 hereof) to be unlawful.

 

    	 

     

    

 

3.
Contribution.

 

(a)
Whether or not the indemnification provided in Section 1 and Section 2 hereof is available, in respect of any Proceeding
in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), the Company shall pay the entire amount
of any judgment or settlement of such Proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives
and relinquishes any right of contribution it may have against Indemnitee. The Company shall not enter into any settlement of any Proceeding
in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement provides for
a full and final release of all claims asserted against Indemnitee.

 

(b)
Without diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason, Indemnitee
shall elect or be required to pay all or any portion of any judgment or settlement in any Proceeding in which the Company is jointly
liable with Indemnitee (or would be if joined in such Proceeding), the Company shall contribute to the amount of Expenses, judgments,
fines and amounts paid in settlement actually and reasonably incurred and paid or payable by Indemnitee in proportion to the relative
benefits received by the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable
with Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction
from which such Proceeding arose; provided, however, that the proportion determined on the basis of relative benefit may,
to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all officers, directors
or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such Proceeding),
on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such expenses, judgments, fines or
settlement amounts, as well as any other equitable considerations which applicable law may require to be considered. The relative fault
of the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee
(or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the other hand, shall be determined by reference to,
among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which
their liability is primary or secondary and the degree to which their conduct is active or passive.

 

(c)
The Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claims of contribution which may be brought by officers,
directors, or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee.

 

(d)
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee
for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether
for judgments, fines, amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim relating to an indemnifiable
event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding
in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s)
giving cause to such Proceeding and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and
Indemnitee in connection with such event(s) and/or transaction(s).

 

(e)
The Company hereby acknowledges that Indemnitee may have rights to indemnification for payment of the judgment or settlement amount provided
by another entity (“Other Indemnitor(s)”). The Company agrees with Indemnitee that the Company is the indemnitor
of first resort of Indemnitee with respect to matters for which indemnification is provided under this Agreement and that the Company
will be obligated to make all payments due to or for the benefit of Indemnitee under this agreement without regard to any rights that
Indemnitee may have against the Other Indemnitor(s). The Company hereby waives any equitable rights to contribution or indemnification
from the Other Indemnitor in respect of any amounts paid to Indemnitee hereunder until such time as the Indemnitee has been fully and
finally indemnified. The Company further agrees that no payment of Expenses or losses by the Other Indemnitor(s) to or for the benefit
of Indemnitee shall affect the obligations of the Company hereunder.

 

    	 

     

    

 

4.
Indemnification for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee,
by reason of his or her Corporate Status, is a witness, or is made (or asked) to respond to discovery requests or otherwise asked to
participate in any Proceeding to which Indemnitee is not a party, the Company shall indemnify Indemnitee against all Expenses actually
and reasonably incurred by him or her, or on his or her behalf, in connection therewith.

 

5.
Advancement of Expenses. Notwithstanding any other provision of this Agreement, the Company shall advance all Expenses incurred
by or on behalf of Indemnitee in connection with defending any Proceeding within thirty (30) days after the receipt by the Company of
a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition
of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and Indemnitee shall also
submit a written undertaking to repay any Expenses advanced if it shall ultimately be determined by a court of competent jurisdiction
that Indemnitee is not entitled to be indemnified by the Company against such Expenses. Any advances and undertakings to repay pursuant
to this Section 5 shall be unsecured and interest free. In furtherance of the foregoing, Indemnitee hereby undertakes to repay
such amounts advanced if, and to the extent that, it shall ultimately be determined by a court of competent jurisdiction that Indemnitee
is not entitled to be indemnified by the Company pursuant to the terms of this Agreement.

 

6.
Procedures and Presumptions for Determination of Entitlement to Indemnification. It is the intent of this Agreement to secure
for Indemnitee rights of indemnity that are as favorable as may be permitted under the NRS and public policy of the State of Nevada.
Accordingly, the parties agree that the following procedures and presumptions shall apply in the event of any question as to whether
Indemnitee is entitled to indemnification under this Agreement:

 

(a)
To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith
such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what
extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification,
advise the Board in writing that Indemnitee has requested indemnification. Notwithstanding the foregoing, any failure of Indemnitee to
provide such a request to the Company, or to provide such a request in a timely fashion, shall not relieve the Company of any liability
that it may have to Indemnitee unless, and to the extent that, the Company is actually and materially prejudiced as a result of such
failure.

 

(b)
Upon written request by Indemnitee for indemnification pursuant to the first sentence of Section 6(a) hereof, a determination
with respect to Indemnitee’s entitlement thereto shall be made in the specific case by one of the following three methods, which
shall be at the election of the Board (i) by a majority vote of a quorum consisting of Disinterested Directors (as defined below), (ii)
if a majority vote of a quorum consisting of Disinterested Directors so orders, or if a quorum of Disinterested Directors cannot be obtained,
by Independent Counsel (as defined below) in a written opinion to the Board, a copy of which shall be delivered to Indemnitee, or (iii)
by the stockholders of the Company.

 

(c)
Notwithstanding anything to the contrary set forth in this Agreement, if a request for indemnification is made after a Change in Control,
at the election of Indemnitee made in writing to the Company, and if the Board by a majority vote of a quorum consisting of Disinterested
Directors orders the determination of Indemnitee’s entitlement to indemnification to be made by an Independent Counsel, or if a
quorum of Disinterested Directors cannot be obtained, any determination required to be made pursuant to Section 6(b) above as
to whether Indemnitee is entitled to indemnification shall be made by Independent Counsel selected as provided in this Section 6(c).
The Independent Counsel shall be selected by Indemnitee, unless Indemnitee shall request that such selection be made by the Board. The
party making the selection shall give written notice to the other party advising it of the identity of the Independent Counsel so selected.
The party receiving such notice may, within seven (7) days after such written notice of selection shall have been given, deliver to the
other party a written objection to such selection. Such objection may be asserted only on the ground that the Independent Counsel so
selected does not meet the requirements of “Independent Counsel” as defined in Section 13 hereof, and the objection shall
set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall
act as Independent Counsel. If a written objection is made, the Independent Counsel so selected may not serve as Independent Counsel
unless and until a court has determined that such objection is without merit. If, within twenty (20) days after submission by Indemnitee
of a written request for indemnification pursuant to Section 6(a) hereof, no Independent Counsel shall have been selected (or,
if selected, such selection shall have been objected to) in accordance with this paragraph, then either the Company or Indemnitee may
petition the courts of the State of Nevada or other court of competent jurisdiction for resolution of any objection which shall have
been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent
Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom an
objection is favorably resolved or the person so appointed shall act as Independent Counsel under Section 6(c) hereof. The Company
shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting
pursuant to Section 6(b) hereof. The Company shall pay any and all reasonable and necessary fees and expenses incident to the
procedures of this Section 6(c), regardless of the manner in which such Independent Counsel was selected or appointed.

 

    	 

     

    

 

(d)
If the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 6(b) hereof, the
Independent Counsel shall be selected as provided in this Section 6(d). The Independent Counsel shall be selected by the Board.
Indemnitee may, within ten (10) days after such written notice of selection shall have been given, deliver to the Company a written objection
to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel
so selected does not meet the requirements of “Independent Counsel” as defined in Section 13 of this
Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection,
the person so selected shall act as Independent Counsel. If a written objection is made and substantiated, the Independent Counsel selected
may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without
merit. If, within twenty (20) days after submission by Indemnitee of a written request for indemnification pursuant to Section 6(a)
hereof, no Independent Counsel shall have been selected (or, if selected, such selection shall have been objected to) in accordance
with this paragraph, then either the Company or Indemnitee may petition the appropriate courts of the State of Nevada or other court
of competent jurisdiction for resolution of any objection which shall have been made by Indemnitee to the Company’s selection of
Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the
court shall designate, and the person with respect to whom an objection is favorably resolved or the person so appointed shall act as
Independent Counsel under Section 6(b) hereof. The Company shall pay any and all reasonable fees and expenses of Independent Counsel
in connection with acting pursuant to Section 6(b) hereof, and the Company shall pay any and all reasonable fees and expenses
incident to the procedures of this Section 6(d), regardless of the manner in which such Independent Counsel was selected or appointed.

 

(e)
In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination
shall presume that Indemnitee is entitled to indemnification under this Agreement. Anyone seeking to overcome this presumption shall
have the burden of proof and the burden of persuasion by clear and convincing evidence. Neither the failure of the Company (including
by its directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this
Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual
determination by the Company (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard
of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct.

 

(f)
Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the
Enterprise (as hereinafter defined), including financial statements, or on information supplied to Indemnitee by the officers of the
Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records given or
reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert selected with reasonable
care by the Enterprise. In addition, the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of
the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. Whether
or not the foregoing provisions of this Section 6(f) are satisfied, it shall in any event be presumed that Indemnitee has at all
times acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company.
Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence.
The Company will promptly advise Indemnitee in writing with respect to any determination that Indemnitee is or is not entitled to indemnification,
including a description of any reason or basis for which indemnification has been denied.

 

    	 

     

    

 

(g)
Notwithstanding anything to the contrary set forth in this Agreement, if the person, persons or entity empowered or selected under Section
6 to determine whether Indemnitee is entitled to indemnification shall not have been appointed or shall not have made a determination
within sixty (60) days after receipt by the Company of the request therefor, the requisite determination of entitlement to indemnification
shall be deemed to have been made and Indemnitee shall be entitled to such indemnification, unless the Company establishes by written
opinion of Independent Counsel (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary
to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition
of such indemnification under applicable law; provided, however, that such sixty (60) day period may be extended for a
reasonable time, not to exceed an additional thirty (30) days, if the person, persons or entity making such determination with respect
to entitlement to indemnification in good faith requires such additional time to obtain or evaluate documentation and/or information
relating thereto; and provided, further, that the foregoing provisions of this Section 6(g) shall not apply if the
determination of entitlement to indemnification is to be made by the stockholders pursuant to Section 6(b) of this Agreement and
if (A) within fifteen (15) days after receipt by the Company of the request for such determination, the Disinterested Directors resolve
as required by Section 6(b)(iii) of this Agreement to submit such determination to the stockholders for their consideration at
an annual meeting thereof to be held within seventy five (75) days after such receipt and such determination is made thereat, or (B)
a special meeting of stockholders is called within fifteen (15) days after such receipt for the purpose of making such determination,
such meeting is held for such purpose within sixty (60) days after having been so called and such determination is made thereat.

 

(h)
Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement
to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information
which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary
to such determination. Any Independent Counsel or member of the Board or stockholder of the Company shall act reasonably and in good
faith in making a determination regarding Indemnitee’s entitlement to indemnification under this Agreement. Any costs or expenses
(including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making
such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification)
and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

 

7.
Remedies of Indemnitee.

 

(a)
In the event that (i) a determination is made pursuant to Section 6 of this Agreement that Indemnitee is not entitled to indemnification
under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 5 of this Agreement, (iii) no determination
of entitlement to indemnification is made pursuant to Section 6(b) or Section 6(c) of this Agreement within sixty (60)
days after receipt by the Company of the request for indemnification, or such longer period, not to exceed an additional thirty (30)
days, to which the period may be extended pursuant to Section 6(g), (iv) payment of indemnification is not made pursuant to this
Agreement within ten (10) days after receipt by the Company of a written request therefor or (v) payment of indemnification is not made
within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed
to have been made pursuant to Section 6 of this Agreement, Indemnitee shall be entitled to an adjudication of Indemnitee’s
entitlement to such indemnification or advancement of expenses either, at Indemnitee’s sole option, in (1) an appropriate court
of the State of Nevada, or any other court of competent jurisdiction or (2) an arbitration to be conducted by a single arbitrator, selected
by mutual agreement of the Company and Indemnitee, pursuant to the rules of the American Arbitration Association. The Company shall not
oppose Indemnitee’s right to seek any such adjudication.

 

(b)
In the event that a determination shall have been made pursuant to Section 6(b) or Section 6(c) of this Agreement that
Indemnitee is not entitled to indemnification, (i) any judicial proceeding or arbitration commenced pursuant to this Section 7
shall be conducted in all respects de novo on the merits, and Indemnitee shall not be prejudiced by reason of any adverse determination
under Section 6(b) or Section 6(c); and (ii) in any such judicial proceeding or arbitration, the Company shall have the
burden of proving that Indemnitee is not entitled to indemnification under this Agreement.

 

    	 

     

    

 

(c)
If a determination shall have been made pursuant to Section 6(b) or Section 6(c), or shall have been deemed to have been
made pursuant to Section 6(g), of this Agreement that Indemnitee is entitled to indemnification, the Company shall be obligated
to pay the amounts constituting such indemnification within five (5) days after such determination has been made or has been deemed to
have been made and shall be conclusively bound by such determination in any judicial proceeding commenced pursuant to this Section
7, unless the Company establishes by written opinion of Independent Counsel (i) a misstatement by Indemnitee of a material fact,
or an omission of a material fact necessary to make Indemnitee’s misstatement not materially misleading in connection with the
request for indemnification or (ii) a prohibition of such indemnification under applicable law.

 

(d)
In the event that Indemnitee, pursuant to this Section 7, seeks a judicial adjudication of, or an award in arbitration to enforce,
his or her rights under, or to recover damages for breach of, this Agreement, or to recover under any directors’ and officers’
liability insurance policies maintained by the Company, the Company shall pay to him or her, or on his or her behalf, in advance, and
shall indemnify him or her against, any and all expenses (of the types described in the definition of Expenses in Section 13 of this
Agreement) actually and reasonably incurred by him or her in such judicial adjudication or arbitration, regardless of whether Indemnitee
ultimately is determined to be entitled to such indemnification, advancement of expenses or insurance recovery.

 

(e)
The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 7 that
the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before
any such arbitrator that the Company is bound by all the provisions of this Agreement. The Company shall indemnify Indemnitee against
any and all Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company of a written request therefore)
advance, to the extent not prohibited by law, such expenses to Indemnitee, which are incurred by Indemnitee in connection with any action
brought by Indemnitee for indemnification or advance of Expenses from the Company under this Agreement or under any directors’
and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined
to be entitled to such indemnification, advancement of Expenses or insurance recovery, as the case may be.

 

8.
Non-Exclusivity; Survival of Rights; Insurance; Subrogation.

 

(a)
The rights of indemnification and advancement of expenses as provided by this Agreement shall not be deemed exclusive of, and shall be
in addition to, any other rights to which Indemnitee may at any time be entitled under applicable law, the Articles or the Bylaws of
the Company, any agreement, a vote of stockholders, a resolution of directors of the Company, or otherwise, and nothing in this Agreement
shall diminish or otherwise restrict Indemnitee’s rights to indemnification or advancement of expenses under any of the foregoing.
No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under
this Agreement in respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration
or repeal. To the extent that a change in the NRS, whether by statute or judicial decision, permits greater indemnification than would
be afforded currently under the Articles, the Bylaws and this Agreement, it is the intent of the parties hereto that Indemnitee shall
enjoy by this Agreement the greater benefits so afforded by such change and Indemnitee shall be deemed to have such greater benefits
hereunder. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy
shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity
or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion
or employment of any other right or remedy. The Company shall not adopt any amendments to its Articles or Bylaws, the effect of which
would be to deny, diminish or encumber Indemnitee’s right to indemnification or advancement of expenses under this Agreement, any
other agreement or otherwise, without the prior written consent of the Indemnitee.

 

(b)
The Company shall use commercially reasonable efforts to obtain and maintain in effect one or more policies of insurance with reputable
insurance companies to provide the officers/directors of the Company with coverage for losses from wrongful acts and omissions and to
ensure the Company’s performance of its indemnification obligations under this Agreement. The Indemnitee shall be covered by such
policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director or officer
under such policy or policies. In all such insurance policies, the Indemnitee shall be named as an insured in such a manner as to provide
the Indemnitee with the same rights and benefits as are accorded to the most favorably insured of the Company’s directors and officers.

 

    	 

     

    

 

(c)
In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution
of such documents as are necessary to enable the Company to bring suit to enforce such rights (with all of Indemnitee’s reasonable
expenses, including, without limitation, attorneys’ fees and charges, related thereto to be reimbursed by or, at the option of
Indemnitee, advanced by the Company).

 

(d)
The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent
that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

 

(e)
The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the request of the Company
as a director, officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from such other
corporation, partnership, joint venture, trust, employee benefit plan or other enterprise.

 

9.
Exception to Right of Indemnification. Notwithstanding any provision in this Agreement, the Company shall not be obligated under
this Agreement to make any indemnity in connection with any claim made against Indemnitee:

 

(a)
for which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except
with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision; or

 

(b)
for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within
the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
or similar provisions of state statutory law or common law; or

 

(c)
for any reimbursement of the Company by Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits
realized by Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act (including any such
reimbursements that arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the
“Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase and sale by Indemnitee
of securities in violation of Section 306 of the Sarbanes-Oxley Act); or

 

(d)
for any reimbursement of the Company by Indemnitee of any compensation pursuant to any compensation recoupment or clawback policy adopted
by the Board or the compensation committee of the Board, including but not limited to any such policy adopted to comply with stock exchange
listing requirements implementing Section 10D of the Exchange Act; or

 

(e)
in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any
Proceeding) initiated by Indemnitee against the Company (other than to enforce Indemnitee’s rights under this Agreement) or its
directors, officers, employees or other indemnitees, unless (i) the Board of the Company authorized the Proceeding (or such part of the
Proceeding) prior to its initiation, or (ii) the Company indemnifies Indemnitee, in its sole discretion, independently of this Agreement
pursuant to the powers vested in the Company under applicable law.

 

10.
Retroactive Effect; Duration of Agreement; Successors and Binding Agreement. All agreements and obligations of the Company contained
herein shall be deemed to have become effective upon the date Indemnitee first had Corporate Status; shall continue during the period
Indemnitee has Corporate Status; and shall continue thereafter so long as Indemnitee may be subject to any Proceeding (or any action
commenced under Section 7 hereof) by reason of his or her Corporate Status, whether or not he or she is acting or serving in any
such capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement. This Agreement
shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors (including
any direct or indirect successor by purchase, merger, consolidation, reorganization or otherwise to all or substantially all of the business
or assets of the Company), assigns, spouses, heirs, executors and personal and legal representatives. The Company shall require any such
successor to all or substantially all of the business or assets of the Company, by agreement in form and substance satisfactory to Indemnitee
and his or her counsel, expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company
would be required to perform if no such succession had taken place. Except as otherwise set forth in this Section 10, this Agreement
shall not be assignable or delegable by the Company.

 

    	 

     

    

 

11.
Security. To the extent requested by Indemnitee and approved by the Board of the Company, the Company may at any time and from
time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit,
funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written
consent of Indemnitee.

 

12.
Enforcement.

 

(a)
The Company expressly confirms and agrees that it has entered into this Agreement and assumes the obligations imposed on it hereby in
order to induce Indemnitee to serve, or continue to serve, as an officer or a director of the Company, and the Company acknowledges that
Indemnitee is relying upon this Agreement in serving or continuing to serve as an officer or a director of the Company.

 

(b)
This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all
prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof.

 

13.
Definitions. For purposes of this Agreement:

 

(a)
“Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of
any of the following events:

 

(i)
Acquisition of Stock by Third Party. Other than Jack Ross and Knight Therapeutics (Barbados) Inc., any Person (as defined below)
is or becomes the “beneficial owner” as defined in Rule 13d-3 under the Exchange Act (a “Beneficial Owner”),
directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s
then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial
Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares
of securities entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing
Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this definition;

 

(ii)
Change in Board of Directors. Individuals who, as of the date hereof, constitute the Board, and any new director whose election
by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two thirds of the directors
then still in office who were directors on the date hereof or whose election for nomination for election was previously so approved (collectively,
the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board;

 

(iii)
Corporate Transactions. The effective date of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination, involving the Company and one or more businesses or assets (a “Business Combination”),
in each case, unless, following such Business Combination: (1) all or substantially all of the individuals and entities who were the
Beneficial Owners of securities entitled to vote generally in the election of directors immediately prior to such Business Combination
beneficially own, directly or indirectly, more than 51% of the combined voting power of the then outstanding securities of the Company
entitled to vote generally in the election of directors resulting from such Business Combination (including, without limitation, a corporation
which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through
one or more Subsidiaries (as defined below)) in substantially the same proportions as their ownership immediately prior to such Business
Combination, of the securities entitled to vote generally in the election of directors; (2) other than the Sponsor or an affiliate thereof,
no Person (excluding any corporation resulting from such Business Combination) is the Beneficial Owner, directly or indirectly, of fifteen
percent (15%) or more of the combined voting power of the then outstanding securities entitled to vote generally in the election of directors
of the surviving corporation except to the extent that such ownership existed prior to the Business Combination; and (3) at least a majority
of the Board of Directors of the corporation resulting from such Business Combination were Continuing Directors at the time of the execution
of the initial agreement, or of the action of the Board of Directors, providing for such Business Combination;

 

    	 

     

    

 

(iv)
Liquidation. The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement or series
of agreements for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than factoring
the Company’s current receivables or escrows due (or, if such stockholder approval is not required, the decision by the Board to
proceed with such a liquidation, sale, or disposition in one transaction or a series of related transactions); or

 

(v)
Other Events. There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule
14A of Regulation 14A (or any successor rule) (or a response to any similar item on any similar schedule or form) promulgated under the
Exchange Act, whether or not the Company is then subject to such reporting requirement.

 

(b)
“Corporate Status” means the fact that a person is or was a director, officer, employee, agent or fiduciary
of the Company or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise.

 

(c)
“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in
respect of which indemnification is sought by Indemnitee.

 

(d)
“Enterprise” shall mean the Company, and any other corporation, constituent corporation (including any constituent
of a constituent) absorbed in a consolidation or merger to which the Company (or any of its wholly owned subsidiaries) is a party, partnership,
joint venture, trust, employee benefit plan or other enterprise that Indemnitee is or was serving at the express written request of the
Company as a director, officer, trustee, partner, manager, managing member, employee, agent or fiduciary.

 

(e)
“Expenses” shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees
of experts and other professionals, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges,
postage, delivery service fees, ERISA excise taxes and penalties, and all other disbursements or expenses of the types customarily incurred
or actually incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, participating, or being
or preparing to be a witness in a Proceeding, or responding to, or objecting to, a request to provide discovery in a Proceeding. Expenses
also shall include Expenses incurred in connection with any appeal resulting from any Proceeding, including, without limitation, the
premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Should any
payments by the Company to or for the account of Indemnitee under this Agreement be determined to be subject to any federal, state or
local income or excise tax, Expenses shall also include such amounts as are necessary to place Indemnitee in the same after-tax position
(after giving effect to all applicable taxes) Indemnitee would have been in had no such tax been determined to apply to those payments.
The parties agree that for the purposes of any advancement of Expenses for which Indemnitee has made written demand to the Company in
accordance with this Agreement, all Expenses included in such demand that are certified by affidavit of Indemnitee’s counsel as
being reasonable in the good faith judgment of such counsel shall be presumed conclusively to be reasonable. Expenses, however, shall
not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

(f)
“Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation
law and neither presently is, nor in the past five (5) years has been, retained to represent (i) the Company or Indemnitee in any matter
material to either such party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees
under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards
of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action
to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees of the Independent Counsel
referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out of or
relating to this Agreement or its engagement pursuant hereto.

 

    	 

     

    

 

(g)
“Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act as in effect on
the date hereof; provided, however, that “Person” shall exclude: (i) the Company; (ii) any Subsidiaries (as defined below)
of the Company; (iii) any employment benefit plan of the Company or of a Subsidiary (as defined below) of the Company or of any corporation
owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of
the Company; and (iv) any trustee or other fiduciary holding securities under an employee benefit plan of the Company or of a Subsidiary
(as defined below) of the Company or of a corporation owned directly or indirectly by the stockholders of the Company in substantially
the same proportions as their ownership of stock of the Company.

 

(h)
“Proceeding” includes any threatened, pending or completed action, suit, claim, counterclaim, cross claim,
arbitration, mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened
or completed proceeding, whether brought by or in the right of the Company or otherwise and whether civil, criminal, administrative,
legislative or investigative (formal or informal); in each case whether or not Indemnitee’s Corporate Status existed at the time
any liability or expense is incurred for which indemnification can be provided under this Agreement; including one pending on or before
the date of this Agreement, but excluding one initiated by an Indemnitee pursuant to Section 7 of this Agreement to enforce his
or her rights under this Agreement.

 

(i)
“Subsidiary,” with respect to any Person, shall mean any corporation, limited liability company, partnership,
joint venture, trust or other entity of which a majority of the voting power of the voting equity securities or equity interest is owned,
directly or indirectly, by that Person.

 

14.
Severability. The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability
of any other provision. Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee indemnification
rights to the fullest extent permitted by applicable laws. In the event any provision hereof conflicts with any applicable law, such
provision shall be deemed modified, consistent with the aforementioned intent, to the extent necessary to resolve such conflict.

 

15.
Modification and Waiver. No supplement, modification, termination or amendment of this Agreement shall be binding unless executed
in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a
waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

16.
Notice by Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with or otherwise receiving
any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may
be subject to indemnification covered hereunder. The failure to so notify the Company shall not relieve the Company of any obligation
which it may have to Indemnitee under this Agreement unless, and only to the extent that, the Company is actually and materially prejudiced
as a result of such delay or failure.

 

17.
Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed
effectively given (a) upon personal delivery to the party to be notified, (b) when sent by confirmed facsimile, or (c) upon delivery
when sent by a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications
shall be sent:

 

(a)
To Indemnitee at the address set forth below Indemnitee’s signature hereto.

 

(b)
To the Company at:

	 	 	Synergy
    CHC Corp.
	 	 	865
    Spring Street
	 	 	Westbrook,
    Maine 04092

 

or
to such other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be.

 

    	 

     

    

 

18.
Counterparts. This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same the same instrument. Counterparts may be delivered via facsimile, electronic mail
(including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other
transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective
for all purposes.

 

19.
Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute
part of this Agreement or to affect the construction thereof.

 

20.
Successors and Assigns. The terms of this Agreement shall be binding upon the Company and its successors and assigns (including
any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets
of the Company) and shall inure to the benefit of Indemnitee and Indemnitee’s spouse, assigns, heirs, devisees, executors, administrators
and other legal representatives.

 

21.
Governing Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and
construed and enforced in accordance with, the laws of the State of Nevada, without regard to its conflict of laws rules. The Company
and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this
Agreement (other than an arbitration pursuant to Section 7 hereof) shall be brought only in the Eighth Judicial District Court
of Clark County (the “Nevada Court”), and not in any other state or federal court in the United States of America
or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Nevada Court for purposes of such action
or proceeding, (iii) waive any objection to the laying of venue of any such action or proceeding in the Nevada Court, and (iv) waive,
and agree not to plead or to make, any claim that any such action or proceeding brought in the Nevada Court has been brought in an improper
or inconvenient forum.

 

22.
Waiver of Claims to Trust Account. Notwithstanding anything contained herein to the contrary, Indemnitee hereby agrees that it
does not have any right, title, interest or claim of any kind (each, a “Claim”) in or to any monies in the
trust account established in connection with the Company’s initial public offering for the benefit of the Company and holders of
shares issued in such offering, and hereby waives any Claim it may have in the future as a result of, or arising out of, any services
provided to the Company and will not seek recourse against such trust account for any reason whatsoever.

 

[Remainder
of page intentionally left blank]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year first above written.

 

	 	COMPANY
	 	 
	 	SYNERGY
    CHC CORP. 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	INDEMNITEE
	 	 	          
	 	Name:	 
	 	Address:	 

 

[Signature
Page to Indemnification Agreement]

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