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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(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;

(h) any
material provision of any Loan Document shall at any time for any reason (other than pursuant to the express terms thereof) cease to be
valid and binding on or enforceable against any Loan Party intended to be a party thereto, or the validity or enforceability thereof shall
be contested by any party thereto, or a proceeding shall be commenced by any Loan Party or any Governmental Authority having jurisdiction
over any of them, seeking to establish the invalidity or unenforceability thereof, or any Loan Party shall deny in writing that it has
any liability or obligation purported to be created under any Loan Document;

(i) any
Security Agreement, any Mortgage or any other security document, after delivery thereof pursuant hereto, shall for any reason fail or
cease to create a valid and perfected and, except to the extent permitted by the terms hereof or thereof, first priority Lien in favor
of the Collateral Agent for the benefit of the Agents and the Lenders on any Collateral purported to be covered thereby subject only to
Permitted Liens;

(j) one
or more judgments, orders or awards (or any settlement of any litigation or other proceeding that, if breached, could result in a judgment,
order or award) for the payment of money exceeding $250,000 in the aggregate (except to the extent fully covered (other than to the extent
of customary deductibles) by insurance pursuant to which the insurer has been notified and has not denied coverage) shall be rendered
against the Borrower or any of its Subsidiaries and remain unsatisfied and (i) enforcement proceedings shall have been commenced by any
creditor upon any such judgment, order, award or settlement or (ii) there shall be a period of 10 consecutive days after entry thereof
during which (A) a stay of enforcement thereof is not in effect or (B) the same is not vacated, discharged, stayed or bonded pending appeal
within the applicable appeal period;

(k) [reserved];

(l) any
material damage to, or loss, theft or destruction of, any Collateral, whether or not insured, or any strike, lockout, labor dispute, embargo,
condemnation, act of God or public enemy, or other casualty which causes, for more than 15 consecutive Business Days, the cessation or
substantial curtailment of revenue producing activities at any facility of any Loan Party, if any such event or circumstance could reasonably
be expected to have a Material Adverse Effect;

(m) the
loss, suspension or revocation of, or failure to renew, any license or permit now held or hereafter acquired by the Borrower or any of
its Subsidiaries, if such loss, suspension, revocation or failure to renew could reasonably be expected to have a Material Adverse Effect;

(n) the
indictment of the Loan Parties or any senior officer thereof under any criminal statute, or commencement of criminal or civil proceedings
against the Borrower or any of its Subsidiaries or any senior officer thereof, pursuant to which statute or proceedings the penalties
or remedies sought or available include forfeiture to any Governmental Authority of any material portion of the property of the Loan Parties;

there shall occur one or more ERISA Events that individually or in the aggregate results in, or could reasonably be expected to result
in liability of any Loan Party or any of its ERISA Affiliates in excess of $250,000, or (ii) there exists any fact or circumstance that
could reasonably be expected to result in the imposition of a Lien pursuant to Section 430(k) of the Internal Revenue Code or Section
4068 of ERISA upon the property or rights to property of any Loan Party or any of its ERISA Affiliates;

there shall occur and be continuing any “Event of Default” (or any comparable term) under, and as defined in the documents
evidencing or governing any Subordinated Indebtedness, including any Sanders Note, or any Subordination Agreement, including any Sanders
Subordination Agreement, (ii) any of the Obligations for any reason shall cease to be “Senior Indebtedness” or “Designated
Senior Indebtedness” (or any comparable terms) under, and as defined in the documents evidencing or governing any Subordinated Indebtedness,
including the Sanders Notes or any Subordination Agreement, including any Sanders Subordination Agreement, (iii) any Indebtedness other
than the Obligations shall constitute “Senior Indebtedness” or “Designated Senior Indebtedness” (or any comparable
term) under, and as defined in, the documents evidencing or governing any Subordinated Indebtedness, including any Sanders Note, or any
Subordination Agreement, including any Sanders Subordination Agreement, (iv) any holder of Subordinated Indebtedness shall fail to perform
or comply with any of the subordination provisions of the documents evidencing or governing such Subordinated Indebtedness, including
any Sanders Note, or any Subordination Agreement, including any Sanders Subordination Agreement, or (v) the subordination provisions of
the documents evidencing or governing any Subordinated Indebtedness, including any Sanders Note, or any Subordination Agreement, including
any Sanders Subordination Agreement, shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding
and enforceable against any holder of the applicable Subordinated Indebtedness;

Change of Control shall have occurred;

(r) the
Borrower or any of its Subsidiaries is enjoined, restrained or in any way prevented by the order of any court or any Governmental Authority
from conducting, or otherwise ceases to conduct for any reason whatsoever, all or any material part of its business for a period which
materially and adversely affects the ability of such Person to continue its business on a profitable basis; or

the event the Pledged Promissory Note is not paid in full by January 1, 2026 and, on or before such date, Mr. Jack Ross has failed to
deliver an equity pledge agreement in form and substance satisfactory to the Collateral Agent pledging such number of shares of the Borrower’s
stock with a market value equal to the amount of the outstanding obligations of the Pledged Promissory Note as of December 31, 2025, as
security for the Obligations (which equity pledge shall, for the purpose of clarity, be released upon payment in full of the Pledged Promissory
Note);

then, and in any such event, the Collateral Agent
may, and shall at the request of the Required Lenders, by notice to the Borrower, (i) terminate or reduce all Commitments, whereupon all
Commitments shall immediately be so terminated or reduced, (ii) declare all or any portion of the Loans then outstanding to be accelerated
and due and payable, whereupon all or such portion of the aggregate principal of all Loans, all accrued and unpaid interest thereon, all
fees and all other amounts payable under this Agreement and the other Loan Documents shall become due and payable immediately, together
with the payment of the Applicable Premium with respect to the Commitments so terminated and the Loans so repaid, without presentment,
demand, protest or further notice of any kind, all of which are hereby expressly waived by each Loan Party and (iii) exercise any
and all of its other rights and remedies under applicable law, hereunder and under the other Loan Documents; provided, however, that upon
the occurrence of any Event of Default described in subsection (f) or (g) of this Section 8.1 with respect to any Loan Party, without
any notice to any Loan Party or any other Person or any act by any Agent or any Lender, all Commitments shall automatically terminate
and all Loans then outstanding, together with all accrued and unpaid interest thereon, all fees and all other amounts due under this Agreement
and the other Loan Documents, including, without limitation, the Applicable Premium, shall be accelerated and become due and payable automatically
and immediately, without presentment, demand, protest or notice of any kind, all of which are expressly waived by each Loan Party.

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AGENTS