SEC Filing Document

Company: Synergy CHC Corp.
Ticker: SNYR
CIK: 1562733
Filing Type: 8-K
Document Type: EX-10.1
Date Filed: 2026-03-25
Accession Number: 0001213900-26-034072
Exchange: Nasdaq
SIC Code: 2833
SIC Description: Medicinal Chemicals & Botanical Products
URL: https://www.sec.gov/Archives/edgar/data/1562733/000121390026034072/ea028322301ex10-1.htm

Chunk 20 of 68
Word Count: 1419
Character Count: 8805

Document Content:

paid in full in cash and all of the Commitments of the Lenders are terminated. “Term Loan” means, collectively, the Initial Term Loans, the Delayed Draw Term Loans and any Incremental Term Loans (including, without limitation, the Second Amendment PIK Fee added to the principal amount of the Term Loan pursuant to the Fee Letter). “Term Loan Commitment” means, collectively, the Initial Term Loan Commitment, the Delayed Draw Term Loan Commitment and any Incremental Term Loan Commitment. “Term Loan Lender” means a Lender with (a) a Term Loan Commitment or a Term Loan or (b) an Incremental Term Loan Commitment or an Incremental Term Loan. “Term Loan Maturity Date” means the earlier of (a) the Stated Term Loan Maturity Date, and (b) the date on which the Term Loan (including any Incremental Term Loan) shall become due and payable in accordance with the terms of this Agreement. “Term SOFR” means:

(a) for
any calculation with respect to a Term SOFR Rate Loan, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest
Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities
Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however,
that if as of 5:00 p.m. (New York City time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable
tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference
Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator
on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by
the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government
Securities Business Days prior to such Periodic Term SOFR Determination Day; and

(b) for
any calculation with respect to a Reference Rate Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such
day, the “Reference Rate Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior
to such day, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time)
on any Reference Rate Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the
Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR
will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government
Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as
such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior
to such Reference Rate Term SOFR Determination Day;

provided,
further, that if Term SOFR determined as provided above (including pursuant to the proviso under clause (a) or clause (b) above) shall
ever be less than the Floor, then Term SOFR shall be deemed to be the Floor.

“Term
SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference
Rate selected by the Administrative Agent in its reasonable discretion).

“Term
SOFR Rate Deadline” has the meaning specified therefor in Section 2.7(a).

“Term
SOFR Rate Loan” means each portion of a Loan that bears interest at a rate determined by reference to Term SOFR.

“Term
SOFR Rate Notice” means a written notice substantially in the form of Exhibit F hereto.

“Term
SOFR Rate Option” has the meaning specified therefor in Section 2.7(a).

“Term
SOFR Reference Rate” means the forward-looking term rate based on SOFR.

“Title
Insurance Policy” means a mortgagee’s loan policy, in form and substance satisfactory to the Collateral Agent, together
with all endorsements made from time to time thereto, issued to the Collateral Agent by or on behalf of a title insurance company selected
by or otherwise satisfactory to the Collateral Agent, insuring the Lien created by a Mortgage in an amount and on terms and with such
endorsements satisfactory to the Collateral Agent, delivered to the Collateral Agent.

“Total
Commitment” means the sum of the Total Initial Term Loan Commitment, the Total Delayed Draw Term Loan Commitment and any Total
Incremental Term Loan Commitment.

“Total
Delayed Draw Term Loan Commitment” means the sum of the amounts of the Delayed Draw Term Loan Lenders’ Delayed Draw Term
Loan Commitments.

“Total
Incremental Term Loan Commitment” means the sum of the amounts of the Incremental Term Loan Lenders’ Incremental Term
Loan Commitments.

“Total
Initial Term Loan Commitment” means the sum of the amounts of the Initial Term Loan Lenders’ Initial Term Loan Commitments.

“Transaction
Costs” means the reasonable and documented out-of-pocket fees, costs and expenses incurred by Borrower and its subsidiaries
in connection with the consummation of the Transactions.

“Transactions”
means, collectively, the transactions to occur on or about the Effective Date pursuant to the Loan Documents, including (a) the execution,
delivery and performance of the Loan Documents and the making of the Loans hereunder and (b) the payment of all fees and expenses to
be paid on or prior to the Effective Date and owing in connection with the foregoing.

“UCC”
or “Uniform Commercial Code” has the meaning specified therefor in Section 1.4(b).

“UCC
Filing Authorization Letter” means a letter duly executed by each Loan Party authorizing the Collateral Agent to file appropriate
financing statements on Form UCC-1 without the signature of such Loan Party in such office or offices as may be necessary or, in the
opinion of the Collateral Agent, desirable to perfect the security interests purported to be created by each Security Agreement and each
Mortgage.

“Unadjusted
Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

“Unrestricted
Cash” means, as of any date of determination, the aggregate amount of unrestricted cash on-hand of the Loan Parties maintained
in deposit accounts in the name of a Loan Party in the United States as of such date that are Controlled Accounts.

“USA
PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism (PATRIOT) Act of 2001 (Title III of Pub. L. 107-56, Oct. 26, 2001) as amended by the USA Patriot Improvement and Reauthorization
Act of 2005 (Pub. L. 109-177, March 9, 2006) and as the same may have been or may be further renewed, extended, amended, or replaced.

Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities
Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for
purposes of trading in United States government securities.

Tax Compliance Certificate” has the meaning specified therefor in Section 2.9(d)(i)(B)(3).

Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Internal Revenue
Code.

“Vitabest
Settlement Agreement” means that certain Confidential Settlement Agreement and Mutual General Release, dated effective as of
March 27, 2024, by and between the Borrower and Vitabest Nutrition, Inc.

“WARN”
has the meaning specified therefor in Section 6.1(p).

“Withholding
Agent” means any Loan Party and the Administrative Agent.

“Working
Capital” means, at any date of determination thereof, (a) the sum, for any Person and its Subsidiaries, of (i) the unpaid face
amount of all Accounts of such Person and its Subsidiaries as at such date of determination, plus (ii) the aggregate amount of prepaid
expenses and other current assets of such Person and its Subsidiaries as at such date of determination (other than cash, Cash Equivalents
and any Indebtedness owing to such Person or any of its Subsidiaries by Affiliates of such Person), minus (b) the sum, for such Person
and its Subsidiaries, of (i) the unpaid amount of all accounts payable of such Person and its Subsidiaries as at such date of determination,
plus (ii) the aggregate amount of all accrued expenses of such Person and its Subsidiaries as at such date of determination (other than
the current portion of long-term debt and all accrued interest and taxes).