SEC Filing Document

Company: Synergy CHC Corp.
Ticker: SNYR
CIK: 1562733
Filing Type: S-3
Document Type: EX-4.5
Date Filed: 2025-11-26
Accession Number: 0001213900-25-115554
Exchange: Nasdaq
SIC Code: 2833
SIC Description: Medicinal Chemicals & Botanical Products
URL: https://www.sec.gov/Archives/edgar/data/1562733/000121390025115554/ea026681201ex4-5_synergy.htm

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in respect of letters of credit or other similar instruments (including reimbursement obligations with respect thereto); (iv) all obligations of such Person to pay the deferred and unpaid purchase price of property or services (but excluding trade accounts payable or accrued liabilities arising in the ordinary course of business); (v) all obligations of such Person as lessee under Capitalized Leases; (vi) all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person; provided that the amount of such Indebtedness shall be the lesser of: (1) the fair market value of such asset at such date of determination; and (2) the amount of such Indebtedness; (vii) all Indebtedness of other Persons to the extent Guaranteed by such Person; and (viii) to the extent not otherwise included in this definition, obligations under Currency Agreements and Interest Rate Agreements.

Notwithstanding the foregoing,
in no event shall the term “Indebtedness” be deemed to include letters of credit or bonds that secure performance or surety
bonds or similar instruments that are issued in the ordinary course of business.

The amount of Indebtedness
of any Person at any date shall be the outstanding balance at such date of all unconditional obligations as described above and, with
respect to contingent obligations, the maximum liability upon the occurrence of the contingency giving rise to the obligation; provided
that:

(x) the amount outstanding
at any time of any Indebtedness issued with original issue discount is the face amount of such Indebtedness less the remaining unamortized
portion of the original issue discount of such Indebtedness at such time as determined in conformity with GAAP; and

(y) Indebtedness shall not
include any liability for federal, state, local, or other taxes.

“Indenture”
means this instrument as originally executed and delivered or, if amended or supplemented as herein provided, as so amended or supplemented
or both, and shall include the forms and terms of particular series of Securities established as contemplated hereunder.

“Interest”
means, when used with respect to non-interest bearing Securities, interest payable after maturity.

“Interest Rate Agreement”
means any obligation of any Person pursuant to any interest rate swap, cap, collar or similar arrangement providing protection against
fluctuations in interest rates. For purposes of the Indenture, the amount of such obligation shall be the amount determined in respect
thereof as of the end of the then most recently ended fiscal quarter of such Person, based on the assumption that such obligation had
terminated at the end of such fiscal quarter, and in making such determination, if any agreement relating to such obligation provides
for the netting of amounts payable by and to such Person thereunder or if any such agreement provides for the simultaneous payment of
amounts by and to such Person, then in each such case, the amount of such obligation shall be the net amount so determined, plus any premium
due upon default by such Person.

“Issuer”
means the Person identified as “Issuer” in the first paragraph hereof and, subject to Article 8, its successors and assigns.

“Lien”
means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind, or any other type
of preferential arrangement that has the practical effect of creating a security interest, in respect of such asset. For the purposes
of this Indenture, the Issuer shall be deemed to own subject to a Lien any asset that it has acquired or holds subject to the interest
of a vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement relating to such asset.

“Officers’
Certificate” means a certificate signed by the chairman of the Issuer’s Board of Directors, its president or any vice
president, and by its treasurer, any assistant treasurer, its secretary or any assistant secretary of the Issuer, and delivered to the
Trustee. Each such certificate shall comply with Section 314 of the Trust Indenture Act of 1939 and include the statements provided for
in Section 10.05.

“Opinion of Counsel”
means an opinion in writing signed by legal counsel who may be an employee of or counsel to the Issuer and who shall be satisfactory to
the Trustee. Each such opinion shall comply with Section 314 of the Trust Indenture Act of 1939 and include the statements provided for
in Section 10.05, if and to the extent required hereby.

“Original Issue Date”
of any Security (or portion thereof) means the earlier of (i) the date of such Security or (ii) the date of any Security (or portion thereof)
for which such Security was issued (directly or indirectly) on registration of transfer, exchange or substitution.

“Original Issue Discount
Security” means any Security that provides for an amount less than the Principal amount thereof to be due and payable upon a
declaration of acceleration of the maturity thereof pursuant to Section 4.01.

“Outstanding”,
when used with reference to Securities, shall, subject to the provisions of Section 6.04, mean, as of any particular time, all Securities
authenticated and delivered by the Trustee under this Indenture, except:

(i) Securities theretofore
canceled by the Trustee or delivered to the Trustee for cancellation;

(ii) Securities, or portions thereof,
for the payment or redemption of which monies in the necessary amount shall have been deposited in trust with the Trustee or with any
paying agent (other than the Issuer) or shall have been set aside, segregated and held in trust by the Issuer for the Holders of such
Securities (if the Issuer shall act as its own paying agent), provided that if such Securities, or portions thereof, are to be redeemed
prior to the maturity thereof, notice of such redemption shall have been given as herein provided, or provision satisfactory to the Trustee
shall have been made for giving such notice; and

(iii) Securities in substitution for
which other Securities shall have been authenticated and delivered, or which shall have been paid, pursuant to the terms of Section 2.09
(except with respect to any such Security as to which proof satisfactory to the Trustee is presented that such Security is held by a person
in whose hands such Security is a legal, valid and binding obligation of the Issuer).

In determining whether the
Holders of the requisite Principal amount of Outstanding Securities of any or all series have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, the Principal amount of an Original Issue Discount Security that shall be deemed to be
Outstanding for such purposes shall be the amount of the Principal thereof that would be due and payable as of the date of such determination
upon a declaration of acceleration of the maturity thereof pursuant to Section 4.01.

“Person”
means any individual, corporation, partnership, limited liability company, joint venture, association, joint stock company, trust, unincorporated
organization or government or any agency or political subdivision thereof or any other entity.

“Preferred Stock”
means any and all shares, interests, participations or other equivalents (however designated, whether voting or non-voting) of the Issuer’s
preferred stock, par value $0.00001 per share, whether now outstanding or issued after the date of the Indenture, including, without limitation,
all series and classes of such preferred stock.

“Principal”
means, with respect to the Securities or any Security or any portion thereof, the principal amount of such Securities, Security or portion
thereof, and shall be deemed to include “and premium, if any”.

“record date”
as used with respect to any interest payment date (except a date for payment of defaulted interest), has the meaning specified in Section

“Registered Global
Security” means a Security evidencing all or a part of a series of Registered Securities, issued to the Depositary for such
series in accordance with Section 2.04, and bearing the legend prescribed in Section 2.04.

“Registered Security”
means any Security registered on the register maintained by the Issuer pursuant to Section 2.08.

“Responsible Officer”
when used with respect to the Trustee means any officer within the corporate trust department of the Trustee, including any vice president,
assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily
performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate
trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct
responsibility for the administration of this Indenture.

“Security”
or “Securities” has the meaning stated in the first recital of this Indenture, or, as the case may be, Securities that
have been authenticated and delivered under this Indenture.

“Subsidiary”
means, with respect to any Person, any corporation, association or other business entity of which more than 50% of all votes represented
by all classes of outstanding Voting Stock is owned, directly or indirectly, by such Person and one or more other Subsidiaries of such
Person.