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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generation, storage, treatment, Release or disposal of Hazardous Materials at any property owned, leased or operated by it or any of its Subsidiaries, except in compliance with Environmental Laws (other than any noncompliance that could not reasonably be expected to have a Material Adverse Effect). (q) Accounting Methods. Modify or change, or permit any of its Subsidiaries to modify or change, its method of accounting or accounting principles from those utilized in the preparation of the Financial Statements (other than as may be required to conform to GAAP). (r) [Reserved]. (s) Sanctioned Persons; Anti-Corruption Laws; Anti-Money Laundering Laws. (i) Conduct, nor permit any of its Subsidiaries to conduct, any business or engage in any transaction or deal with or for the benefit of any Sanctioned Person, including the making or receiving of any contribution of funds, goods or services to, from or for the benefit of any Sanctioned Person; or

(ii) Use,
nor permit any of its Subsidiaries to use, directly or indirectly, any of the proceeds of any Loan, (A) to fund any activities or business
of or with any Sanctioned Person or in any other manner that would result in a violation of any Sanctions by any Person, or (B) for the
purpose of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person
in violation of any Anti-Corruption Law.

(t) Foreign
Exchange Availability. Fail to maintain in full force and effect and comply with the terms of all Requirements of Law required to
enable it to pay solely and exclusively in Dollars all amounts which a Loan Party is or may be required to pay under the Loan Documents.

(u) Canadian
Pension Plan. No Loan Party or any of its Subsidiaries shall establish, sponsor, maintain, participate in, contribute to, assume or
have or otherwise incur liability under, a Canadian Pension Plan or amalgamate with any Person if such Person sponsors, maintains, contributes
to, participates in or has liability under, any Canadian Pension Plan.

(v) Pari
Passu. Fail to take all actions necessary to cause all Obligations to rank at all times at least pari passu in priority in right of
payment and in all other respects with all other of unsecured and unsubordinated Indebtedness of any Loan Party.

Section 7.3. Financial
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 shall not, unless the
Required Lenders shall otherwise consent in writing:

(a) Consolidated
Senior Net Leverage Ratio. Permit the Consolidated Senior Net Leverage Ratio of the Borrower and its Subsidiaries for any trailing
four fiscal quarters of the Borrower and its Subsidiaries for which the last fiscal quarter for such period ends on a date set forth below
to be greater than the ratio set forth opposite such date:

Fiscal Quarter End	Consolidated
Senior Net Leverage Ratio

September 30, 2025	3.25:1.00

December 31, 2025	3.25:1.00

March 31,  2026	3.00:1.00

June 30, 2026	2.75:1.00

September 30, 2026	2.75:1.00

December 31, 2026 and each fiscal quarter ended thereafter	2.50:1.00

(b) Fixed Charge Coverage
Ratio. Permit the Fixed Charge Coverage Ratio of the Borrower and its Subsidiaries for any trailing four fiscal quarters of the Borrower
and its Subsidiaries for which the last fiscal quarter for such period ends on a date set forth below to be less than the ratio set forth
opposite such date:

Fiscal Quarter End	Fixed
Charge Coverage Ratio

September 30, 2025 and each fiscal quarter ended thereafter	1.20

Article

EVENTS OF DEFAULT

Section 8.1. Events
of Default. Each of the following events shall constitute an event of default (each, an “Event of Default”):

(a) the
Borrower shall fail to pay, when due (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), (i) any
interest on any Loan, any Agent Advance, or any fee, indemnity or other amount payable under this Agreement (other than any portion thereof
constituting principal of the Loans) or any other Loan Document, and such failure continues for a period of three (3) Business Days or
(ii) all or any portion of the principal of the Loans;

(b) any
representation or warranty made or deemed made by or on behalf of any Loan Party or by any officer of the foregoing under or in connection
with any Loan Document or under or in connection with any certificate or other writing delivered to any Secured Party pursuant to any
Loan Document shall have been incorrect in any material respect (or in any respect if such representation or warranty is qualified or
modified as to materiality or “Material Adverse Effect” in the text thereof) when made or deemed made;

(c) any
Loan Party shall fail to perform or comply with any covenant or agreement contained in Sections 7.1(a), 7.1(b), 7.1(c), 7.1(d), 7.1(f),
7.1(h), 7.1(j), 7.1(l) 7.1(n), 7.1(o), 7.2 or 7.3, or any Loan Party shall fail to perform or comply with any covenant or agreement contained
in any Security Agreement to which it is a party or any Mortgage to which it is a party;

(d) any
Loan Party shall fail to perform or comply with any other term, covenant or agreement contained in any Loan Document to be performed or
observed by it and, except as set forth in subsections (a), (b) and (c) of this Section 8.1, such failure, if capable of being remedied,
shall remain unremedied for 30 days after the earlier of the date a senior officer of any Loan Party has knowledge of such failure and
the date written notice of such default shall have been given by any Agent to such Loan Party;

(e) the
Borrower or any of its Subsidiaries shall fail to pay when due (whether by scheduled maturity, required prepayment, acceleration, demand
or otherwise) any principal, interest or other amount payable in respect of Material Indebtedness (excluding Indebtedness evidenced by
this Agreement), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating
to such Indebtedness, or any other default under any agreement or instrument relating to any such Indebtedness, or any other event, shall
occur and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such default
or event is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness; or any such Indebtedness shall be declared
to be due and payable, or required to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased
or an offer to prepay, redeem, purchase or defease such Indebtedness shall be required to be made, in each case, prior to the stated maturity
thereof;

(f) the
Borrower or any of its Subsidiaries (i) shall institute any proceeding or voluntary case seeking to adjudicate it a bankrupt or insolvent,
or seeking dissolution, liquidation, winding-up, reorganization, arrangement, adjustment, protection, relief or composition of it or its
debts under any law relating to bankruptcy, insolvency, reorganization or relief of debtors, or seeking the entry of an order for relief
or the appointment of a receiver, trustee, custodian or other similar official for any such Person or for any substantial part of its
property, (ii) shall be generally not paying its debts as such debts become due or shall admit in writing its inability to pay its debts
generally, (iii) shall make a general assignment for the benefit of creditors or (iv) shall take any action to authorize or effect any
of the actions set forth above in this subsection (f);

(g) any
proceeding shall be instituted against the Borrower or any of its Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking
dissolution, liquidation, winding up, reorganization, arrangement, adjustment, protection, relief of debtors, or seeking the entry of
an order for relief or the appointment of a receiver, trustee, custodian or other similar official for any such Person or for any substantial
part of its property, and either such proceeding shall remain undismissed or unstayed for a period of 45 days or any of the actions sought
in such proceeding (including, without limitation, the entry of an order for relief against any such Person or the appointment of a receiver,
trustee, custodian or other similar official for it or for any substantial part of its property) shall occur;