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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accordance with the terms of this Agreement. For the avoidance of doubt, upon the funding of any portion of the Delayed Draw Term Loan Commitments, the remaining unfunded portion of such Delayed Draw Term Loan Commitments shall automatically be terminated and permanently reduced to zero. “Delayed Draw Term Loan Commitments” means, with respect to the Delayed Draw Term Loan Lender, the commitment of such Delayed Draw Term Loan Lender to make the Delayed Draw Term Loan to the Borrower in the amount set forth in Schedule 1.1(A) hereto or in the Assignment and Acceptance pursuant to which such Delayed Draw Term Loan Lender became a Lender under this Agreement, as such commitment may be terminated or reduced from time to time in accordance with the terms of this Agreement. “Delayed Draw Term Loan Lender” means a Lender with a Delayed Draw Term Loan Commitment or a Delayed Draw Term Loan.

“Disbursement Letter”
means a disbursement letter, in form and substance satisfactory to the Collateral Agent, by and among the Loan Parties, the Agents, the
Lenders and the other Persons party thereto, and the related funds flow memorandum describing the sources and uses of all cash payments
in connection with the Transactions to occur on the Effective Date.

“Disposition”
means any transaction, or series of related transactions, pursuant to which any Person or any of its Subsidiaries sells, assigns, transfers,
leases, licenses (as licensor) or otherwise disposes of any property or assets (whether now owned or hereafter acquired) to any other
Person, in each case, whether or not the consideration therefor consists of cash, securities or other assets owned by the acquiring Person.
For purposes of clarification, “Disposition” shall include (a) the sale or other disposition for value of any contracts, (b)
any disposition of property through a “plan of division” under the Delaware Limited Liability Company Act or any comparable
transaction under any similar law, (c) the early termination or modification of any contract resulting in the receipt by any Loan Party
of a cash payment or other consideration in exchange for such event (other than payments in the ordinary course for accrued and unpaid
amounts due through the date of termination or modification) or (d), any sale of merchant accounts (or any rights thereto (including,
without limitation, any rights to any residual payment stream with respect thereto)) by any Loan Party.

“Disqualified Equity
Interests” means any Equity Interest that, by its terms (or by the terms of any security or other Equity Interest into which
it is convertible or for which it is exchangeable), or upon the happening of any event or condition, (a) matures or is mandatorily redeemable,
pursuant to a sinking fund obligation or otherwise, (b) is redeemable at the option of the holder thereof, in whole or in part, (c) provides
for the scheduled payments of dividends or distributions in cash, or (d) is convertible into or exchangeable for (i) Indebtedness or (ii)
any other Equity Interests that would constitute Disqualified Equity Interests, in each case of clauses (a) through (d), prior to the
date that is six months after the Stated Term Loan Maturity Date.

“Dollar”,
“Dollars” and the symbol “$” each means lawful money of the United States of America.

“Domestic Subsidiary”
means any Subsidiary that is organized and existing under the laws of the United States or any state or commonwealth thereof or under
the laws of the District of Columbia.

“Effective Date”
has the meaning specified therefor in Section 5.1.

“Effective Date Payoff
Debt” means all of the Indebtedness listed on Schedule 1.1(B).

“Employee Plan”
means an employee benefit plan within the meaning of Section 3(3) of ERISA (other than a Multiemployer Plan), that any Loan Party or any
of its ERISA Affiliates maintains, sponsors or contributes to or is obligated to contribute to.

“Environmental Claim”
means any complaint, investigation, summons, citation, notice, directive, order, claim, litigation, judicial or administrative proceeding,
judgment, letter or other communication by or from any Person or Governmental Authority involving any alleged or actual (a) violation
of or liability under any Environmental Law, or (b) manufacture, use, handling, generation, transportation, storage, treatment, Release,
threatened Release, or disposal or exposure to any Hazardous Materials.

“Environmental Law”
means any Requirement of Law relating to or concerning (i) the protection of the environment, natural resources, human health or safety,
or (ii) the manufacture, use, handling, generation, transportation, storage, treatment, Release, threatened Release, or disposal of or
exposure to any Hazardous Material.

“Environmental Liability”
means all liabilities (contingent or otherwise, known or unknown), monetary obligations, losses (including monies paid in settlement),
damages, natural resource damages, costs and expenses (including all reasonable fees, costs, client charges and expenses of counsel, experts
and consultants), fines, penalties, sanctions and interest arising directly or indirectly as a result of or based upon (a) any Environmental
Claim, (b) any actual, alleged or threatened non-compliance with Environmental Law or Environmental Permit, (c) any actual, alleged or
threatened Release of or exposure to Hazardous Materials, (d) any Remedial Action, (e) any environmental condition or (f) any contract,
agreement or other arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

“Environmental Lien”
means any Lien in favor of any Governmental Authority for Environmental Liability.

“Environmental Permit”
means any permit, license, authorization, approval, registration or entitlement required by or issued pursuant to any Environmental Law
or by any Governmental Authority pursuant to Environmental Law.

“Equity Interests”
means (a) all shares of capital stock (whether denominated as common stock or preferred stock), equity interests, beneficial, partnership
or membership interests, joint venture interests, participations, or other ownership, profit interests in or equivalents (regardless of
how designated) of or in a Person (other than an individual), whether voting or non-voting, and (b) all securities convertible into or
exchangeable for any of the foregoing and all warrants, options or other rights to purchase, subscribe for or otherwise acquire any of
the foregoing, whether or not presently convertible, exchangeable or exercisable.

“Equity Issuance”
means either (a) the sale or issuance by any Loan Party or any of its Subsidiaries of any shares of its Equity Interests or (b) the receipt
by the Borrower of any cash capital contributions.

“ERISA” means
the Employee Retirement Income Security Act of 1974, as amended, and any successor statute of similar import, and regulations thereunder,
in each case, as in effect from time to time. References to sections of ERISA shall be construed also to refer to any successor sections.

“ERISA Affiliate”
means, with respect to any Person, any trade or business (whether or not incorporated) which is a member of a group of which such Person
is a member and which would be deemed to be a “controlled group” or under “common control” within the meaning
of Sections 414(b), (c), (m) or (o) of the Internal Revenue Code or Sections 4001(a)(14) or 4001(b)(1) of ERISA.