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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the Borrower, promptly after the end of each calendar month, a summary statement (in the form from time to time used by the Administrative Agent) of the opening and closing daily balances in the Loan Account of the Borrower during such month, the amounts and dates of all Loans made to the Borrower during such month, the amounts and dates of all payments on account of the Loans to the Borrower during such month and the Loans to which such payments were applied, the amount of interest accrued on the Loans to the Borrower during such month, and the amount and nature of any charges to the Loan Account made during such month on account of fees, commissions, expenses and other Obligations. All entries on any such statement shall be presumed to be correct and, 30 days after the same is sent, shall be final and conclusive absent manifest error.

Section 4.2. Sharing
of Payments. Except as provided in Section 2.2, if any Lender shall obtain any payment (whether voluntary, involuntary, through
the exercise of any right of set-off or otherwise) on account of any Obligation in excess of its ratable share of payments on account
of similar obligations obtained by all the Lenders, such Lender shall forthwith purchase from the other Lenders such participations in
such similar obligations held by them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with
each of them; provided, however, that (a) if all or any portion of such excess payment is thereafter recovered from such purchasing Lender,
such purchase from each Lender shall be rescinded and each Lender shall repay to the purchasing Lender the purchase price to the extent
of such recovery together with an amount equal to such Lender’s ratable share (according to the proportion of (i) the amount of
such Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount
paid by the purchasing Lender in respect of the total amount so recovered, and (b) the provisions of this Section shall not be construed
to apply to (i) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement (including the
application of funds arising from the existence of a Defaulting Lender and any payment of an amendment, consent or waiver fee to consenting
Lenders pursuant to an effective amendment, consent or waiver with respect to this Agreement), or (ii) any payment obtained by a Lender
as consideration for the assignment of or sale of a participation in any of its Loans, other than to any Loan Party or any Subsidiary
thereof (as to which the provisions of this Section shall apply). The Borrower agrees that any Lender so purchasing a participation from
another Lender pursuant to this Section may, to the fullest extent permitted by law, exercise all of its rights (including the Lender’s
right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount
of such participation.

Section 4.3. Apportionment
of Payments. Subject to Section 2.2:

(a) All
payments of principal and interest in respect of outstanding Loans, all payments of fees (other than the fees set forth in Section 2.6
and to the extent set forth in any written agreement among the Agents and the Lenders) and all other payments in respect of any other
Obligations, shall be allocated by the Administrative Agent among such of the Lenders as are entitled thereto, in proportion to their
respective Pro Rata Shares or otherwise as provided herein or, in respect of payments not made on account of Loans, as designated by the
Person making payment when the payment is made.

(b) After
the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and upon the direction of the Collateral
Agent or the Required Lenders shall, apply all payments in respect of any Obligations, including without limitation, all proceeds of the
Collateral, subject to the provisions of this Agreement,

(i) first,
ratably to pay the Obligations in respect of any fees, expense reimbursements, indemnities and other amounts then due and payable to the
Agents until paid in full;

(ii) second,
to pay interest then due and payable in respect of the Agent Advances until paid in full;

(iii) third,
to pay principal of the Agent Advances until paid in full;

(iv) fourth,
ratably to pay the Obligations in respect of any fees (other than any Applicable Premium), expense reimbursements, indemnities and other
amounts then due and payable to the Term Loan Lenders until paid in full;

(v) fifth,
ratably to pay interest then due and payable in respect of the Term Loan until paid in full;

(vi) sixth,
ratably to pay principal of the Term Loan until paid in full;

(vii) seventh,
ratably to pay the Obligations in respect of any Applicable Premium then due and payable to the Lenders until paid in full; and

(viii) eighth,
to the ratable payment of all other Obligations then due and payable.

(c) For
purposes of Section 4.3(b) (other than clause (viii) thereof), “paid in full” means payment in cash of all amounts owing under
the Loan Documents according to the terms thereof, including loan fees, service fees, professional fees, interest (and specifically including
interest accrued after the commencement of any Insolvency Proceeding), default interest, interest on interest, and expense reimbursements,
whether or not the same would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding, except to the extent that
default or overdue interest (but not any other interest) and loan fees, each arising from or related to a default, are disallowed in any
Insolvency Proceeding; provided, however, that for the purposes of clause (viii), “paid in full” means payment in cash of
all amounts owing under the Loan Documents according to the terms thereof, including loan fees, service fees, professional fees, interest
(and specifically including interest accrued after the commencement of any Insolvency Proceeding), default interest, interest on interest,
and expense reimbursements, whether or not the same would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding.

the event of a direct conflict between the priority provisions of this Section 4.3 and other provisions contained in any other Loan Document,
it is the intention of the parties hereto that both such priority provisions in such documents shall be read together and construed, to
the fullest extent possible, to be in concert with each other. In the event of any actual, irreconcilable conflict that cannot be resolved
as aforesaid, the terms and provisions of this Section 4.3 shall control and govern.

Section 4.4. Defaulting
Lenders. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until
such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

(a) Such
Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted
as set forth in Section 11.2.

(b) The
Administrative Agent shall not be obligated to transfer to such Defaulting Lender any payments made by the Borrower to the Administrative
Agent for such Defaulting Lender’s benefit, and, in the absence of such transfer to such Defaulting Lender, the Administrative Agent
shall transfer any such payments to each other non-Defaulting Lender ratably in accordance with their Pro Rata Shares (without giving
effect to the Pro Rata Shares of such Defaulting Lender) (but only to the extent that such Defaulting Lender’s Loans were funded
by the other Lenders) or, if so directed by the Borrower and if no Default or Event of Default has occurred and is continuing (and to
the extent such Defaulting Lender’s Loans were not funded by the other Lenders), retain the same to be re-advanced to the Borrower
as if such Defaulting Lender had made such Loans to the Borrower. Subject to the foregoing, the Administrative Agent may hold and, in
its discretion, re-lend to the Borrower for the account of such Defaulting Lender the amount of all such payments received and retained
by the Administrative Agent for the account of such Defaulting Lender.