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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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. “Lender Warrant” means that certain Common Stock
Purchase Warrant, issued by the Borrower to the Lender, in the form attached as Exhibit B to the Second Amendment, as the same may be
amended, restated, supplemented or otherwise modified or assigned, in accordance with the terms thereof.

“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, the
Lender Warrant, 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).