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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Year for the Borrower and its Subsidiaries, and (B) certifying that the representations and warranties set forth in Section 6.1(gg)(ii) are true and correct with respect to the Projections; (vii) promptly after submission to any Governmental Authority, all documents and information furnished to such Governmental Authority in connection with any investigation of any Loan Party other than routine inquiries by such Governmental Authority; (viii) as soon as possible, and in any event within three (3) days after the occurrence of an Event of Default or Default or the occurrence of any event or development that could reasonably be expected to have a Material Adverse Effect, the written statement of an Authorized Officer of the Borrower setting forth the details of such Event of Default or Default or other event or development having a Material Adverse Effect and the action which the affected Loan Party proposes to take with respect thereto;

(ix) as soon as possible
and in any event (A) within three (3) Business days after the occurrence of any ERISA Event, a certificate of an Authorized Officer of
the Borrower specifying the nature and period of existence of such ERISA Event and what action Borrower and its Subsidiaries have taken,
are taking and proposes to take with respect thereto, (B) within three days after receipt thereof by any Loan Party or any of its ERISA
Affiliates from the PBGC, copies of each notice received by any Loan Party or any of its ERISA Affiliates of the PBGC’s intention
to terminate any Pension Plan or to have a trustee appointed to administer any Pension Plan, (C) within ten days after the filing
thereof with the Internal Revenue Service, copies of each Schedule B (Actuarial Information) to the annual report (Form 5500 Series)
with respect to each Pension Plan, (D) within three days after receipt thereof by any Loan Party or any of its ERISA Affiliates from
a sponsor of a Multiemployer Plan or from the PBGC, a copy of each notice received by any Loan Party or any of its ERISA Affiliates concerning
the imposition or amount of withdrawal liability under Section 4202 of ERISA or indicating that such Multiemployer Plan may enter reorganization
status under Section 4241 of ERISA, and (E) within ten days after any Loan Party sends notice of a plant closing or mass layoff (as defined
in WARN) to employees, copies of each such notice sent by such Loan Party;

(x) promptly
after the commencement thereof but in any event not later than five days after service of process with respect thereto on, or the obtaining
of knowledge thereof by, any Loan Party, notice of each action, suit or proceeding before any court or other Governmental Authority or
other regulatory body or any arbitrator which, if adversely determined, could reasonably be expected to have a Material Adverse Effect;

soon as possible and in any event within ten (10) days after execution, receipt or delivery thereof, copies of any material notices that
any Loan Party executes or receives in connection with any Material Contract;

(xii) as
soon as possible and in any event within ten (10) days after execution, receipt or delivery thereof, copies of any material notices that
any Loan Party executes or receives in connection with the sale or other Disposition of the Equity Interests of, or all or substantially
all of the assets of, any Loan Party;

(xiii) [reserved];

(xiv) (A)
substantially concurrently with the sending or filing thereof, copies of all statements, reports and other information any Loan Party
sends to any holders of its Indebtedness or its securities or files with the SEC or any national (domestic or foreign) securities exchange,
and (B) promptly after the receipt thereof, a copy of any material notice received from any holder of its Indebtedness;

(xv) promptly
upon receipt thereof, copies of all financial reports (including, without limitation, management letters), if any, submitted to the board
of directors or equivalent governing body (or the audit committee of the board of directors or such equivalent governing body) of any
Loan Party by its auditors in connection with any annual or interim audit of the books thereof;

(xvi) promptly
upon request, any certification or other evidence requested from time to time by any Lender in its sole discretion, confirming the Borrower’s
compliance with Section 7.2(r);

(xvii) simultaneously
with the delivery of the financial statements of the Borrower and its Subsidiaries required by clauses (i), (ii) and (iii) of this Section
7.1(a), if, as a result of any change in accounting principles and policies from those used in the preparation of the Financial Statements
that is permitted by Section 7.2(q), the consolidated financial statements of the Borrower and its Subsidiaries delivered pursuant to
clauses (i), (ii) and (iii) of this Section 7.1(a) will differ from the consolidated financial statements
that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then,
together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such
prior financial statements in form and substance satisfactory to the Agents;

(xviii) promptly
following any request therefor, provide information and documentation reasonably requested by the Agents for purposes of compliance with
applicable “know your customer” requirements under the PATRIOT Act or other applicable Anti-Money Laundering Laws, Anti-Corruption
Laws, or Sanctions; and

(xix) promptly
upon request, such other information concerning the condition or operations, financial or otherwise, of any Loan Party as any Agent may
from time to time may reasonably request.

(b) Additional
Guarantors and Collateral Security. Cause:

(i) Hand
MD Corp. (subject to Section 5.3) and each Subsidiary of any Loan Party not in existence on the Effective Date, to execute and deliver
to the Collateral Agent promptly and in any event within three (3) days after the formation, acquisition or change in status thereof,
(A) a Joinder Agreement, pursuant to which such Subsidiary shall be made a party to this Agreement as a Guarantor, (B) a supplement to
the Security Agreement, together with (1) certificates evidencing all of the Equity Interests of any Person owned by such Subsidiary required
to be pledged under the terms of the Security Agreement, (2) undated stock powers for such Equity Interests executed in blank with signature
guaranteed, and (3) such opinions of counsel as the Agents may reasonably request, (C) to the extent required under the terms of this
Agreement, one or more Mortgages creating on the owned real property of such Subsidiary a perfected, first priority Lien (in terms of
priority, subject only to Permitted Specified Liens) on such real property and such other Real Property Deliverables as may be required
by the Collateral Agent with respect to each such real property and (D) such other agreements, instruments, approvals or other documents
reasonably requested by the Agents in order to create, perfect, establish the first priority of or otherwise protect any Lien purported
to be covered by any such Security Agreement or Mortgage or otherwise to effect the intent that such Subsidiary shall become bound by
all of the terms, covenants and agreements contained in the Loan Documents and that all applicable property and assets of such Subsidiary
shall become Collateral for the Obligations;

(ii) each
owner of the Equity Interests of any such Subsidiary to execute and deliver promptly and in any event within three (3) days after the
formation or acquisition of such Subsidiary a Pledge Amendment (as defined in the Security Agreement), together with (A) certificates
evidencing all of the Equity Interests of such Subsidiary required to be pledged under the terms of the Security Agreement, (B) undated
stock powers or other appropriate instruments of assignment for such Equity Interests executed in blank with signature guaranteed, together
with registration pages and executed irrevocable voting proxies for such Equity Interests, (C) such opinions of counsel as the Collateral
Agent may reasonably request and (D) such other agreements, instruments, approvals or other documents requested by the Collateral Agent;
and

(iii) with
respect to any Subsidiary to become a Guarantor hereunder, within three (3) Business Days prior to becoming a Guarantor, all information
and documentation reasonably requested by (and results satisfactory to the Agents and each Lender) for purposes of compliance with applicable
“know your customer” requirements under the PATRIOT Act or other applicable Anti-Money Laundering Laws to the extent such
information is requested by the Agents or the Lenders reasonably promptly after written notice to the Agents of the proposed joinder of
a Borrower or a Guarantor.