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

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be perfected, first priority security interests (subject only to Permitted Liens) in assets that can be perfected by such filings or recordings, and (ii) no further recordings or filings are or will be required in connection with the creation, perfection or enforcement of such security interests and Liens, other than (A) the filing of continuation statements in accordance with applicable law, and (B) the recording of intellectual property security agreements or other applicable intellectual property security documents in the appropriate U. S. intellectual property filing or registration office, as applicable, with respect to after-acquired patent and trademark applications and registrations and copyrights. (dd) Canadian Pension Plans. No Loan Party or any of its Subsidiaries sponsors, maintains, participates in, contributes to, or has otherwise incurred liability under, a Canadian Pension Plan nor has any liabilities or obligations in respect of a Canadian Pension Plan that has been terminated or wound up.

(ee) Sanctions; Anti-Corruption
and Anti-Money Laundering Laws. None of any Loan Party, any Subsidiary thereof, any of their respective directors, officers, employees,
nor, to the knowledge of any Loan Party, any of their respective shareholders, owners, agents or Affiliates, (i) is a Sanctioned
Person or currently the subject or target of any Sanctions, (ii) has assets located in a Sanctioned Country, (iii) conducts any business
with or for the benefit of any Sanctioned Person, (iv) directly or indirectly derives revenues from investments in, or transactions with,
Sanctioned Persons, (v) is a “Foreign Shell Bank” within the meaning of the USA PATRIOT Act, i.e., a foreign bank that does
not have a physical presence in any country and that is not affiliated with a bank that has a physical presence and an acceptable level
of regulation and supervision, or (vi) is a Person that resides in or is organized under the laws of a jurisdiction designated by the
United States Secretary of the Treasury under Section 311 or 312 of the USA Patriot Act as warranting special measures due to money
laundering concerns. Each Loan Party and its Subsidiaries has implemented and maintains in effect policies and procedures designed to
ensure compliance by each Loan Party and its Subsidiaries and their respective directors, officers, employees, agents and Affiliates with
all applicable Sanctions, Anti-Corruption Laws and Anti-Money Laundering Law. Each Loan Party and each Subsidiary is in compliance with
all Sanctions, Anti-Money Laundering Laws and Anti-Corruption Laws in all material respects. Each Loan Party and each Affiliate, officer,
employee or director acting on behalf of any Loan Party is (and is taking no action that would result in any such Person not being) in
compliance with (A) all applicable OFAC rules and regulations, (B) all applicable United States of America, United Kingdom,
United Nations, European Union, German, Canadian, Australian and all other internationally respected national autonomous sanctions, embargos
and trade restrictions and (C) all applicable provisions of the USA PATRIOT Act. In addition, no Loan Party or any Subsidiary is
engaged in any kind of activities or business of or with any Person or in any country or territory that is subject to any sanctions administered
by OFAC, the United Kingdom, the European Union, Germany, Canada, Australia or the United Nations.

(ff) Anti-Bribery and
Corruption.

(i) Neither
any Loan Party nor, to the best knowledge of any Loan Party, any director, officer, employee or any other Person acting on behalf of any
Loan Party, has offered, promised, paid, given or authorized the payment or giving of any money or other thing of value, directly or indirectly,
to or for the benefit of any Person, including, without limitation, any employee, official or other Person acting on behalf of any Governmental
Authority, or otherwise engaged in any activity that may violate any Anti-Corruption Law.

(ii) Neither
any Loan Party nor, to the best knowledge of any Loan Party, any director, officer, employee or any other Person acting on behalf of any
Loan Party, has engaged in any activity that would breach any Anti-Corruption Laws.

(iii) To
the best of each Loan Party’s knowledge and belief, there is no pending or, to the best knowledge of any Loan Party, threatened
action, suit, proceeding or investigation before any court or other Governmental Authority against any Loan Party or any of its directors,
officers, employees or other Person acting on its behalf that relates to a potential violation of any Anti-Corruption Laws, Anti-Money
Laundering Laws or Sanctions.

(iv) The
Loan Parties will not directly or indirectly, use, lend or contribute the proceeds of the Loans for any purpose that would breach the
Anti-Corruption Laws.

(gg) Full Disclosure.

(i) Each
Loan Party has disclosed to the Agents all agreements, instruments and corporate or other restrictions to which it is subject, and all
other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.
None of the reports, financial statements, certificates or other information furnished in writing by or on behalf of any Loan Party to
the Agents (other than forward-looking information and projections and information of a general economic nature and general information
about Borrower’s industry) in connection with the negotiation of this Agreement or delivered hereunder (as modified or supplemented
by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the
statements therein, in the light of the circumstances under which it was made, not misleading.

(ii) Projections
have been prepared on a reasonable basis and in good faith based on assumptions, estimates, methods and tests that are believed by the
Loan Parties to be reasonable at the time such Projections were prepared and information believed by the Loan Parties to have been accurate
based upon the information available to the Loan Parties at the time such Projections were furnished to the Lenders, and Borrower is not
be aware of any facts or information that would lead it to believe that such Projections are incorrect or misleading in any material respect;
it being understood that (A) Projections are by their nature subject to significant uncertainties and contingencies, many of which are
beyond the Loan Parties’ control, (B) actual results may differ materially from the Projections and such variations may be material
and (C) the Projections are not a guarantee of performance.

Article

COVENANTS OF THE LOAN PARTIES AND OTHER COLLATERAL MATTERS

Section 7.1. Affirmative
Covenants. So long as any principal of or interest on any Loan or any other Obligation (whether or not due) shall remain unpaid
(other than Contingent Indemnity Obligations) or any Lender shall have any Commitment hereunder, each Loan Party will, unless the Required
Lenders shall otherwise consent in writing:

(a) Reporting
Requirements. Furnish to each Agent and each Lender:

soon as available, and in any event within 30 days after the end of each fiscal month of the Borrower and its Subsidiaries commencing
with the first fiscal month of the Borrower and its Subsidiaries ending after the Effective Date, internally prepared consolidated balance
sheets, statements of operations and retained earnings and statements of cash flows as at the end of such fiscal month, and for the period
commencing at the end of the immediately preceding Fiscal Year and ending with the end of such fiscal month, setting forth in each case
in comparative form the figures for the corresponding date or period set forth in (A) the financial statements for the immediately
preceding Fiscal Year and (B) the Projections, all in reasonable detail and certified by an Authorized Officer of the Borrower as fairly
presenting, in all material respects, the financial position of the Borrower and its Subsidiaries as at the end of such fiscal month and
the results of operations, retained earnings and cash flows of the Borrower and its Subsidiaries for such fiscal month and for such year-to-date
period, in accordance with GAAP applied in a manner consistent with that of the most recent audited financial statements furnished to
the Agents and the Lenders, subject to the absence of footnotes and normal year-end adjustments;