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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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).

Section
1.2. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires
otherwise, (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to
such agreement, instrument or other document as from time to time amended, restated, amended and restated, supplemented or otherwise
modified (subject to any restrictions on such amendments, restatements, amendments and restatements, supplements or modifications set
forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the
words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer
to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits
and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e) the words
“asset” and “property” shall be construed to have the same meaning and effect and to refer to any right or interest
in or to assets and properties of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible.

Section
1.3. Certain Matters of Construction. References in this Agreement to “determination” by any Agent include good
faith estimates by such Agent (in the case of quantitative determinations) and good faith beliefs by such Agent (in the case of qualitative
determinations). A Default or Event of Default shall be deemed to exist at all times during the period commencing on the date that such
Default or Event of Default occurs to the date on which such Default or Event of Default is waived in writing pursuant to this Agreement
or, in the case of a Default, is cured within any period of cure expressly provided for in this Agreement; and an Event of Default shall
“continue” or be “continuing” until such Event of Default has been waived in writing by the Required Lenders.
Any Lien referred to in this Agreement or any other Loan Document as having been created in favor of any Agent, any agreement entered
into by any Agent pursuant to this Agreement or any other Loan Document, any payment made by or to or funds received by any Agent pursuant
to or as contemplated by this Agreement or any other Loan Document, or any act taken or omitted to be taken by any Agent, shall, unless
otherwise expressly provided, be created, entered into, made or received, or taken or omitted, for the benefit or account of the Agents
and the Lenders. Wherever the phrase “to the knowledge of any Loan Party” or words of similar import relating to the knowledge
or the awareness of any Loan Party are used in this Agreement or any other Loan Document, such phrase shall mean and refer to (i) the
actual knowledge of a senior officer of any Loan Party or (ii) the knowledge that a senior officer would have obtained if such officer
had engaged in good faith and diligent performance of such officer’s duties, including the making of such reasonably specific inquiries
as may be necessary of the employees or agents of such Loan Party and a good faith attempt to ascertain the existence or accuracy of
the matter to which such phrase relates. All covenants hereunder shall be given independent effect so that if a particular action or
condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or otherwise within the
limitations of, another covenant shall not avoid the occurrence of a default if such action is taken or condition exists. In addition,
all representations and warranties hereunder shall be given independent effect so that if a particular representation or warranty proves
to be incorrect or is breached, the fact that another representation or warranty concerning the same or similar subject matter is correct
or is not breached will not affect the incorrectness of a breach of a representation or warranty hereunder.

Section
1.4. Accounting and Other Terms.

(a) Unless
otherwise expressly provided herein, each accounting term used herein shall have the meaning given it under GAAP. For purposes of determining
compliance with any incurrence or expenditure tests set forth in Section 7.1, 7.2 and 7.3, any amounts so incurred or expended (to the
extent incurred or expended in a currency other than Dollars) shall be converted into Dollars on the basis of the exchange rates (as
shown on the Bloomberg currency page for such currency or, if the same does not provide such exchange rate, by reference to such other
publicly available service for displaying exchange rates as may be reasonably selected by the Agents or, in the event no such service
is selected, on such other basis as is reasonably satisfactory to the Agents) as in effect on the date of such incurrence or expenditure
under any provision of any such Section that has an aggregate Dollar limitation provided for therein (and to the extent the respective
incurrence or expenditure test regulates the aggregate amount outstanding at any time and it is expressed in terms of Dollars, all outstanding
amounts originally incurred or spent in currencies other than Dollars shall be converted into Dollars on the basis of the exchange rates
(as shown on the Bloomberg currency page for such currency or, if the same does not provide such exchange rate, by reference to such
other publicly available service for displaying exchange rates as may be reasonably selected by the Agents or, in the event no such service
is selected, on such other basis as is reasonably satisfactory to the Agents) as in effect on the date of any new incurrence or expenditures
made under any provision of any such Section that regulates the Dollar amount outstanding at any time). Notwithstanding the foregoing,
(i) with respect to the accounting for leases as either operating leases or capital leases and the impact of such accounting in accordance
with FASB ASC 842 on the definitions and covenants herein, GAAP as in effect on December 31, 2018 shall be applied, (ii) for purposes
of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the
Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB
ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded and (iii) with respect to revenue recognition and the impact
of such accounting in accordance with FASB ASC 606 on the definitions and covenants herein, GAAP as in effect on December 31, 2017 shall
be applied.

(b) All
terms used in this Agreement which are defined in Article 8 or 9 of the Uniform Commercial Code as in effect from time to time in the
State of New York (the “UCC” or “Uniform Commercial Code”) and which are not otherwise defined
herein shall have the same meanings herein as set forth therein; provided that terms used herein which are defined in the Uniform Commercial
Code as in effect in the State of New York on the date hereof shall continue to have the same meaning notwithstanding any replacement
or amendment of such statute, except as any Agent may otherwise determine.

Section
1.5. Pro Forma Calculations.

connection with the calculation of any ratio or other financial covenant hereunder (including any component definitions thereof) on a
“pro forma basis”, or giving “pro forma effect” to compliance of any transaction for a particular period: