SEC Filing Document

Company: Synergy CHC Corp.
Ticker: SNYR
CIK: 1562733
Filing Type: 8-K
Document Type: EX-10.1
Date Filed: 2025-06-04
Accession Number: 0001213900-25-050984
Exchange: Nasdaq
SIC Code: 2833
SIC Description: Medicinal Chemicals & Botanical Products
URL: https://www.sec.gov/Archives/edgar/data/1562733/000121390025050984/ea024464201ex10-1_synergy.htm

Chunk 52 of 63
Word Count: 1260
Character Count: 7883

Document Content:

the Borrower, any Lender, or any other Person is determined by such Agent in its sole discretion to have been made in error as determined by such Agent (any such payment or other distribution, an “Erroneous Distribution”), then the relevant Borrower, Lender, or other Person shall forthwith on written demand (accompanied by a reasonably detailed calculation of such Erroneous Distribution) repay to such Agent the amount of such Erroneous Distribution received by such Person. Any determination by any Agent, in its sole discretion, that all or a portion of any payment or other distribution to the Borrower, any Lender, or any other Person was an Erroneous Distribution shall be conclusive absent manifest error. The Borrower, each Lender, and each other potential recipient of an Erroneous Distribution hereunder waives any claim of discharge for value and any other claim of entitlement to, or in respect of, any Erroneous Distribution. Article GUARANTY

Section 10.1. Guaranty.
Each Guarantor hereby jointly and severally and unconditionally and irrevocably guarantees the punctual payment when due, whether at
stated maturity, by acceleration or otherwise, of all Obligations of the Borrower now or hereafter existing under any Loan Document,
whether for principal, interest (including, without limitation, all interest that accrues after the commencement of any Insolvency Proceeding
of the Borrower, whether or not a claim for post-filing interest is allowed in such Insolvency Proceeding), fees, commissions, expense
reimbursements, indemnifications or otherwise (such obligations, to the extent not paid by the Borrower, being the “Guaranteed
Obligations”), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by the Secured
Parties in enforcing any rights under the guaranty set forth in this Article X. Without limiting the generality of the foregoing, each
Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by the Borrower
to the Secured Parties under any Loan Document but for the fact that they are unenforceable or not allowable due to the existence of
an Insolvency Proceeding involving the Borrower. Notwithstanding any of the foregoing, Guaranteed Obligations shall not include any Excluded
Swap Obligations.

Section 10.2. Guaranty
Absolute. Each Guarantor jointly and severally guarantees that the Guaranteed
Obligations will be paid strictly in accordance with the terms of the Loan Documents, regardless of any law, regulation or order now
or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Secured Parties with respect thereto. Each
Guarantor agrees that this Article X constitutes a guaranty of payment when due and not of collection and waives any right to require
that any resort be made by any Agent or any Lender to any Collateral. The obligations of each Guarantor under this Article X are independent
of the Guaranteed Obligations, and a separate action or actions may be brought and prosecuted against each Guarantor to enforce such
obligations, irrespective of whether any action is brought against any Loan Party or whether any Loan Party is joined in any such action
or actions. The liability of each Guarantor under this Article X shall be irrevocable, absolute and unconditional irrespective of, and
each Guarantor hereby irrevocably waives any defenses it may now or hereafter have (except for payment in full in cash of the Guaranteed
Obligations) in any way relating to, any or all of the following:

(a) any
lack of validity or enforceability of any Loan Document or any agreement or instrument relating thereto;

(b) any change in the time,
manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations, or any other amendment or waiver of
or any consent to departure from any Loan Document, including, without limitation, any increase in the Guaranteed Obligations resulting
from the extension of additional credit to any Loan Party or otherwise;

(c) any
taking, exchange, release or non-perfection of any Collateral, or any taking, release or amendment or waiver of or consent to departure
from any other guaranty, for all or any of the Guaranteed Obligations;

(d) the
existence of any claim, set-off, defense or other right that any Guarantor may have at any time against any Person, including, without
limitation, any Secured Party;

(e) any
change, restructuring or termination of the corporate, limited liability company or partnership structure or existence of any Loan Party;

(f) any
other circumstance (including, without limitation, any statute of limitations) or any existence of or reliance on any representation by
the Secured Parties that might otherwise constitute a defense available to, or a discharge of, any Loan Party or any other guarantor or
surety.

This Article X shall continue to be effective
or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must otherwise be
returned by Secured Parties or any other Person upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, all as
though such payment had not been made.

Section 10.3. Waiver. Each
Guarantor hereby waives (i) promptness and diligence, (ii) notice of acceptance and any other notice with respect to any of the
Guaranteed Obligations and this Article X and any requirement that the Secured Parties exhaust any right or take any action against
any Loan Party or any other Person or any Collateral, (iii) any right to compel or direct any Secured Party to seek payment or
recovery of any amounts owed under this Article X from any one particular fund or source or to exhaust any right or take any action
against any other Loan Party, any other Person or any Collateral, (iv) any requirement that any Secured Party protect, secure,
perfect or insure any security interest or Lien on any property subject thereto or exhaust any right to take any action against any
Loan Party, any other Person or any Collateral, and (v) any other defense (except for payment in full in cash of the Guaranteed
Obligations) available to any Guarantor. Each Guarantor agrees that the Secured Parties shall have no obligation to marshal any
assets in favor of any Guarantor or against, or in payment of, any or all of the Obligations. Each Guarantor acknowledges that it
will receive direct and indirect benefits from the financing arrangements contemplated herein and that the waiver set forth in this
Section 10.3 is knowingly made in contemplation of such benefits. Each Guarantor hereby waives any right to revoke this Article X,
and acknowledges that this Article X is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in
the future.

Section 10.4. Continuing
Guaranty; Assignments. This Article X is a continuing guaranty and shall (a)
remain in full force and effect until the later of the cash payment in full of the Guaranteed Obligations (other than Contingent
Indemnity Obligations) and all other amounts payable under this Article X and the Termination Date shall have occurred, (b) be
binding upon each Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Secured Parties
and their successors, pledgees, transferees and assigns. Without limiting the generality of the foregoing clause (c), any Lender may
pledge, assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without
limitation, all or any portion of its Commitments or its Loans owing to it) to any other Person, and such other Person shall
thereupon become vested with all the benefits in respect thereof granted such Lender herein or otherwise, in each case as provided
in Section 11.7.