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

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to other Canadian federal or provincial legislation with respect to pension benefit standards, which is or was sponsored, administered or contributed to, or required to be contributed to, by any obligated party or under which any obligated party has any actual or potential liability, including, without limitation, a Canadian Defined Benefit Pension Plan, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively. “Canadian Security Documents” means, collectively, the Canadian form of (i) Guaranty from the Canadian Guarantors, (ii) Security Agreement from the Canadian Guarantors and any Loan Parties with Collateral in Canada as determined by the Agents and (iii) Intellectual Property Security Agreement from the Canadian Guarantors and any Loan Parties with Registered Intellectual Property in Canada with CIPO as determined by the Agents, each in form and substance satisfactory to the Agents.

“Capital
Expenditures” means, with respect to any Person for any period, the sum of (a) the aggregate of all expenditures by such Person
and its Subsidiaries during such period that in accordance with GAAP are or should be included in “property, plant and equipment”
or in a similar fixed asset account on its balance sheet, whether such expenditures are paid in cash or financed, including all Capitalized
Lease Obligations, obligations under synthetic leases and capitalized software costs that are paid or due and payable during such period
and (b) to the extent not covered by clause (a) above, the aggregate of all expenditures by such Person and its Subsidiaries during such
period to acquire by purchase or otherwise the business or fixed assets of, or the Equity Interests of, any other Person; provided
that the term “Capital Expenditures” shall not include any such expenditures which constitute (i) expenditures by a Loan
Party made in connection with the acquisition, replacement, substitution or restoration of such Loan Party’s assets pursuant to
Section 2.5(c)(vi) from the Net Cash Proceeds of Dispositions and Extraordinary Receipts consisting of insurance proceeds or condemnation
awards, (ii) expenditures financed with the proceeds received from the sale or issuance of Equity Interests so long as (A) the Borrower
is not required to make a prepayment of the Loans with such proceeds pursuant to Section 2.5(c)(iii) and (B) such proceeds are not commingled
with any Loan Party’s funds and are deposited in an account subject to a Control Agreement and used exclusively to fund such expenditures,
(iii) [reserved], (iv) expenditures that are accounted for as capital expenditures of such Person and that actually are paid for by a
third party (excluding any Loan Party) and for which no Loan Party has provided or is required to provide or incur, directly or indirectly,
any consideration or obligation to such third party or any other person (whether before, during or after such period), and (v) the purchase
price of equipment that is purchased substantially contemporaneously with the trade in of existing equipment to the extent that the gross
amount of such purchase price is reduced by the credit granted by the seller of such equipment for the equipment being traded in at such
time.

“Capitalized
Lease” means, with respect to any Person, any lease of (or other arrangement conveying the right to use) real or personal property
by such Person as lessee that is required under GAAP to be capitalized on the balance sheet of such Person.

“Capitalized
Lease Obligations” means, with respect to any Person, obligations of such Person and its Subsidiaries under Capitalized Leases,
and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP.

“Cash
Equivalents” means (a) marketable direct obligations issued or unconditionally guaranteed by the United States Government or
issued by any agency thereof and backed by the full faith and credit of the United States, in each case, maturing within six months from
the date of acquisition thereof; (b) commercial paper, maturing not more than one year after the date of issue rated P 1 by Moody’s
or A 1 by Standard & Poor’s; (c) certificates of deposit maturing not more than one year after the date of issue, issued by
commercial banking institutions and money market or demand deposit accounts maintained at commercial banking institutions, each of which
is a member of the Federal Reserve System and has a combined capital and surplus and undivided profits of not less than $500,000,000;
(d) repurchase agreements entered into with major money center banks included in the commercial banking institutions described in clause
(c) above and which are secured by readily marketable direct obligations of the United States Government or any agency thereof; (e) money
market accounts maintained with mutual funds having assets in excess of $2,500,000,000, which assets are primarily comprised of Cash
Equivalents described in another clause of this definition; (f) marketable Tax exempt securities rated A or higher by Moody’s or
A+ or higher by Standard & Poor’s, in each case, maturing within one year from the date of acquisition thereof; and (g) in
the case of any Canadian Guarantor, cash and cash equivalents that are substantially equivalent in such jurisdiction to those described
in clauses (a) through (f) above in respect of each country that is a member of the Organization for Economic Co-operation and Development.

“Change
in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect
of any law, rule, regulation, judicial ruling, judgment or treaty, (b) any change in any law, rule, regulation or treaty or in the administration,
interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule,
guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything
herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives
thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives concerning capital adequacy promulgated
by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the
United States or foreign regulatory authorities shall, in each case, be deemed to be a “Change in Law”, regardless of the
date enacted, adopted or issued.

“Change
of Control” means each occurrence of any of the following:

[reserved];

the acquisition, directly or indirectly, by any person or group (within the meaning of Section 13(d)(3) of the Exchange Act) (other than
Mr. Jack Ross) of beneficial ownership of more than 3040%
of the aggregate outstanding voting or economic power of the Equity Interests of the Borrower;

during any period of 24 consecutive months, individuals who at the beginning of such period constituted the Board of Directors of
the Borrower (together with any new directors whose election by such Board of Directors or whose nomination for election by the
shareholders of the Borrower was approved by, or subsequently ratified by, a vote of at least a majority of the directors of the
Borrower then still in office who were either directors at the beginning of such period, or whose election or nomination for
election was previously approved) cease for any reason to constitute a majority of the Board of Directors of the
Borrower;

the Borrower shall cease to have beneficial ownership (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of 100%
of the aggregate voting and economic power of the Equity Interests of each other Loan Party and each of its Subsidiaries (other than
in connection with any transaction permitted pursuant to Section 7.2(c)), free and clear of all Liens (other than Permitted Specified
Liens); or

a “Change of Control” (or any comparable term or provision) under or with respect to any Material Indebtedness of the Borrower
or any of its Subsidiaries.

“CIP
Regulations” has the meaning specified therefor in Section 9.10.

“CIPO”
means Canadian Intellectual Property Office.

“Collateral”
means all of the property and assets and all interests therein and proceeds thereof now owned or hereafter acquired by any Person upon
which a Lien is granted or purported to be granted by such Person as security for all or any part of the Obligations; provided that and
for the avoidance of doubt, “Collateral” shall not include property and assets specifically excluded from such definition
in the Security Agreement.

“Collateral
Agent” has the meaning specified therefor in the preamble to this Agreement.

“Collateral
Documents” has the meaning specified therefor in Section 11.2(b)(iii).

“Collections”
means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental
proceeds, and Tax refunds).

“Commitments”
means, with respect to each Lender, such Lender’s Initial Term Loan Commitment, Delayed Draw Term Loan Commitment and any Incremental
Term Loan Commitment.

“Commodity
Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor
statute.