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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Secured Party from time to time such additional amounts as will compensate such Secured Party for such cost of maintaining such increased capital or such reduction in the rate of return on such Secured Party’s or such other controlling Person’s capital. (c) All amounts payable under this Section 2.10 shall bear interest from the date that is ten (10) days after the date of demand by any Secured Party until payment in full to such Secured Party at the Reference Rate. A certificate of such Secured Party claiming compensation under this Section 2.10, specifying the event herein above described and the nature of such event shall be submitted by such Secured Party to the Borrower, setting forth the additional amount due and an explanation of the calculation thereof, and such Secured Party’s reasons for invoking the provisions of this Section 2.10, and shall be final and conclusive absent manifest error.

(d) Failure
or delay on the part of any Lender to demand compensation pursuant to the foregoing provisions of this Section 2.10 shall not constitute
a waiver of such Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender
pursuant to the foregoing provisions of this Section 2.10 for any increased costs incurred or reductions suffered more than nine months
prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of
such Lender’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or
reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect
thereof).

(e) The
obligations of the Loan Parties under this Section 2.10 shall survive the termination of this Agreement and the payment of the Loans and
all other amounts payable hereunder.

Section 2.12. Changes
in Law; Impracticability or Illegality.

(a) Term
SOFR may be adjusted by the Administrative Agent with respect to any Lender on a prospective basis to take into account any additional
or increased costs to such Lender of maintaining or obtaining any deposits or increased costs due to changes in applicable law occurring
subsequent to the commencement of the then applicable Interest Period, including changes in tax laws (except changes of general applicability
in corporate income tax laws) and changes in the reserve requirements imposed by the Board of Governors of the Federal Reserve System
(or any successor), which additional or increased costs would increase the cost of funding loans bearing interest at Term SOFR. In any
such event, the affected Lender shall give the Borrower and the Administrative Agent notice of such a determination and adjustment and
the Administrative Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the affected
Lender, the Borrower may, by notice to such affected Lender (i) require such Lender to furnish to the Borrower a statement setting forth
the basis for adjusting Term SOFR and the method for determining the amount of such adjustment or (ii) repay the Term SOFR Rate Loans
with respect to which such adjustment is made (together with any amounts due under Section 2.9).

the event that any change in market conditions or any law, regulation, treaty, or directive, or any change therein or in the interpretation
of application thereof, shall at any time after the date hereof, in the reasonable opinion of any Lender, make it unlawful or impractical
for such Lender to fund or maintain Term SOFR Rate Loans or to continue such funding or maintaining, or to determine or charge interest
rates at Term SOFR, such Lender shall give notice of such changed circumstances to the Borrower and the Administrative Agent, and the
Administrative Agent promptly shall transmit the notice to each other Lender and (i) in the case of any Term SOFR Rate Loans of such Lender
that are outstanding, the date specified in such Lender’s notice shall be deemed to be the last day of the Interest Period of such
Term SOFR Rate Loans, and interest upon the Term SOFR Rate Loans of such Lender thereafter shall accrue interest at the rate then applicable
to Reference Rate Loans of the same type hereunder and (ii) the Borrower shall not be entitled to elect the Term SOFR Rate Option (including
in any borrowing, conversion or continuation then being requested) until such Lender determines that it would no longer be unlawful or
impractical to do so.

(c) The
obligations of the Loan Parties under this Section 2.11 shall survive after the occurrence of the Termination Date and the termination
of this Agreement.

Section 2.13. Replacement
of Lenders.

(a) [Reserved].

any Lender is a Defaulting Lender, then the Borrower may, upon notice to such Lender and the Administrative Agent, require such Lender
to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section
11.7), all of its interests, rights and obligations under this Agreement and the other Loan Documents to an assignee that shall assume
such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that:

(i) the
Borrower shall have paid to the Agents any assignment fees specified in Section 11.7;

(ii) such
Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees
and all other amounts then due and payable to it hereunder and under the other Loan Documents (including any amounts under Sections 2.8
and 2.9) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of
all other amounts);

(iii) [reserved];
and

(iv) such
assignment does not conflict with applicable law. Prior to the effective date of such assignment, the assigning Lender shall execute and
deliver an Assignment and Acceptance, subject only to the conditions set forth above. If the assigning Lender shall refuse or fail to
execute and deliver any such Assignment and Acceptance prior to the effective date of such assignment, the assigning Lender shall be deemed
to have executed and delivered such Assignment and Acceptance. Any such assignment shall be made in accordance with the terms of Section

A Lender shall not be required
to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling
the Borrower to require such assignment and delegation cease to apply.

Section 2.14. Incremental
Facilities.

(a) From
time to time, the Borrower may by written notice to Administrative Agent request the establishment of one or more Incremental Term Loan
Commitments, in each case, in a minimum amount of $1,000,000 and integral multiples of $500,000 in excess thereof, and in an aggregate
amount of all such Commitments not to exceed $2,500,000 during the term of this Agreement. Each such notice shall (x) specify the date
(an “Increased Amount Date”) on which the Borrower proposes that the Incremental Term Loan Commitments shall be effective,
which shall be a date not less than twenty (20) Business Days after the date on which such notice is delivered to the Administrative Agent
and (y) include an outline, in reasonable detail, of the proposed use of proceeds of such Incremental Term Loans, which such proposed
use shall be subject to the approval of the Administrative Agent in its sole discretion. Upon receipt of such notice, and in any event
within five (5) Business Days thereafter, the Administrative Agent shall advise the Borrower if the proposed use of proceeds are acceptable
to the Administrative Agent and shall promptly notify the Lenders holding Term Loans of the requested increase and each Lender holding
Term Loans shall have the right to commit to the Incremental Term Loan Commitments in proportion to its Pro Rata Share of the Term Loans
outstanding immediately before giving effect to such Incremental Term Loans. Each Lender holding Term Loans shall notify the Administrative
Agent within five (5) Business Days following such notice from the Administrative Agent, if and to what extent, such Lender holding Term
Loans commits to the requested Incremental Term Loan Commitments. Any Lender holding Term Loans not responding within such period shall
be deemed to have declined to provide an Incremental Term Loan Commitment. If a Lender holding Term Loans fails to so commit to the full
requested Incremental Term Loan Commitments, the Administrative Agent may, in its sole discretion, arrange for one or more other lenders
to provide such remainder of the requested Incremental Term Loan Commitments, which such other lenders may be existing Lenders or any
other Persons that are eligible assignees pursuant to Section 11.7.