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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any division or business line of such other Person), (b) the purchase or ownership of any futures contract or liability for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or (c) any investment in any other items that are or would be classified as investments on a balance sheet of such Person prepared in accordance with GAAP. “Joinder Agreement” means a Joinder Agreement, substantially in the form of Exhibit A hereto, duly executed by a Subsidiary of a Loan Party and made a party hereto as a Borrower or a Guarantor pursuant to Section 7.1(b). “Knight” means Knight Therapeutics International S.A. “Knight Agreement” means that certain Distribution, License and Supply Agreement made in favor of Knight, dated as of January 22, 2015 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof).

“Lease” means
any lease, sublease or license of, or other agreement granting a possessory interest in, real property to which any Loan Party or any
of its Subsidiaries is a party as lessor, lessee, sublessor, sublessee, licensor or licensee.

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

“Lien” means
any mortgage, deed of trust, deed to secure debt, pledge, lien (statutory or otherwise), security interest, charge or other encumbrance
or security or preferential arrangement of any nature, including, without limitation, any conditional sale or title retention arrangement,
any Capitalized Lease and any assignment, deposit arrangement or financing lease intended as, or having the effect of, security.

“Liquidity”
means, as of any date of determination, the sum of (a) any availability under any ABL Facility, if applicable, on such date and (b) aggregate
amount of Unrestricted Cash.

“Loan” means
the Term Loans or any portion thereof, or any Agent Advance made by an Agent or a Lender to the Borrower pursuant to Article II or Section
9.8, as the case may be.

“Loan Account”
means an account maintained hereunder by the Administrative Agent on its books of account at the Payment Office, and with respect to the
Borrower, in which the Borrower will be charged with all Loans made to, and all other Obligations incurred by, the Borrower.

“Loan Document”
means this Agreement, any Control Agreement, the Disbursement Letter, any Guaranty, the Fee Letter, the Intercompany Subordination Agreement,
any Joinder Agreement, any Mortgage, any Security Agreement, any Intellectual Property Security Agreement, any UCC Filing Authorization
Letter, any PPSA financing statements, any Subordination Agreement, any other pledge or security agreement, any other subordination agreement,
any landlord waiver, any collateral access agreement, any Information Certificate and any other agreement, instrument, certificate, report
and other document executed and delivered pursuant hereto or thereto or otherwise evidencing or securing any Loan or any other Obligation.

“Loan Party”
means the Borrower and any Guarantor.

“Material Adverse Effect”
means a material adverse effect on any of (a) the operations, assets, liabilities, or financial condition of the Loan Parties taken as
a whole, (b) the ability of the Loan Parties taken as a whole to perform any of their obligations under any Loan Document, (c) the legality,
validity or enforceability of this Agreement or any other Loan Document, (d) the rights and remedies of any Agent or any Lender under
any Loan Document, or (e) the validity, perfection or priority of any Lien in favor of the Collateral Agent for the benefit of the Agents
and the Lenders on any Collateral.

“Material Contract”
means, with respect to any Person, (a) each of the Sanders Notes, (b) the Consulting Services Agreement, (c) each contract or agreement
to which such Person or any of its Subsidiaries is a party involving aggregate consideration payable to or by such Person or such Subsidiary
of $500,000 or more in any Fiscal Year, and (d) all other contracts or agreements as to which the breach, nonperformance, cancellation
or failure to renew by any party thereto could reasonably be expected to have a Material Adverse Effect.

“Material Indebtedness”
means (a) any Indebtedness in an amount equal to or greater than $500,000 and (b) any Sanders Note.

“Moody’s”
means Moody’s Investors Service, Inc. and any successor thereto.

“Mortgage”
means a mortgage, deed of trust or deed to secure debt, covering a fee interest, in form and substance satisfactory to the Collateral
Agent, made by a Loan Party in favor of the Collateral Agent for the benefit of the Agents and the Lenders, securing the Obligations and
delivered to the Collateral Agent.

“Multiemployer Plan”
means a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA to which any Loan Party or any of its ERISA Affiliates
has contributed, or has been obligated to contribute, to at any time during the preceding the six calendar years.

“Net Cash Proceeds”
means, with respect to, any issuance or incurrence of any Indebtedness, any Equity Issuance, any Disposition or the receipt of any Extraordinary
Receipts by any Person or any of its Subsidiaries, the aggregate amount of cash received (directly or indirectly) from time to time (whether
as initial consideration or through the payment or disposition of deferred consideration) by or on behalf of such Person or such Subsidiary,
in connection therewith after deducting therefrom only (a) in the case of any Disposition or the receipt of any Extraordinary Receipts
consisting of insurance proceeds or condemnation awards, the amount of any Indebtedness secured by any Permitted Lien on any asset (other
than Indebtedness assumed by the purchaser of such asset) which is required to be, and is, repaid in connection therewith (other than
Indebtedness under this Agreement), (b) reasonable expenses related thereto incurred by such Person or such Subsidiary in connection therewith
(including, but not limited to, sales commissions and legal, accounting and investment banking fees, commissions and expenses), (c) transfer
Taxes paid to any taxing authorities by such Person or such Subsidiary in connection therewith, (d) any portion of such proceeds deposited
in an escrow account pursuant to the documentation relating to any Disposition (provided that such amounts shall be treated as Net Cash
Proceeds upon their release from such escrow account to the applicable Loan Party) and (e) net income Taxes to be paid in connection therewith
(after taking into account any Tax credits or deductions and any tax sharing arrangements), in each case, to the extent, but only to the
extent, that the amounts so deducted are (i) actually paid to a Person that, except in the case of reasonable out-of-pocket expenses,
is not an Affiliate of such Person or any of its Subsidiaries and (ii) properly attributable to such transaction or to the asset that
is the subject thereof.

“New Facility”
has the meaning specified therefor in Section 7.1(n).

“Notice of Borrowing”
has the meaning specified therefor in Section 2.2(a).

“Obligations”
means all present and future indebtedness (including Agent Advances), obligations, and liabilities of each Loan Party to the Agents and
the Lenders arising under or in connection with this Agreement or any other Loan Document, whether or not the right of payment in respect
of such claim is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, disputed, undisputed, legal, equitable, secured,
unsecured, and whether or not such claim is discharged, stayed or otherwise affected by any proceeding referred to in Section 8.1. Without
limiting the generality of the foregoing, the Obligations of each Loan Party under the Loan Documents include (a) the obligation (irrespective
of whether a claim therefor is allowed in an Insolvency Proceeding) to pay principal, interest, charges, expenses, fees, premiums (including
the Applicable Premium), attorneys’ fees and disbursements, indemnities and other amounts payable by such Person under the Loan
Documents, and (b) the obligation of such Person to reimburse any amount in respect of any of the foregoing that any Agent or any Lender
(in its sole discretion) may elect to pay or advance on behalf of such Person. Notwithstanding any of the foregoing, Obligations shall
not include any Excluded Swap Obligations.

“OFAC” means
the Office of Foreign Assets Control of the U.S. Department of the Treasury.

“Other Connection Taxes”
means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction
imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations
under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced
any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

“Other Taxes”
means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made
under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest
under, or otherwise with respect to, any Loan Document.

“Participant Register”
has the meaning specified therefor in Section 11.7(i).