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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of the initial Loans shall not contravene any law, rule or regulation applicable to any Secured Party. (d) Delivery of Documents. The Agents shall have received on or before the Effective Date the following, each in form and substance satisfactory to the Agents and, unless indicated otherwise, dated the Effective Date and, if applicable, duly executed by the Persons party thereto: (i) subject Section 5.3, a Security Agreement, together with (A) the original stock certificates representing all of the Equity Interests and all promissory notes required to be pledged thereunder, accompanied by undated stock powers executed in blank and other proper instruments of transfer, and registration pages and executed irrevocable proxies with respect to such Equity Interests, and (B) each Intellectual Property Security Agreement, executed by each Loan Party as required thereunder, for filing in the United States Patent and Trademark Office or the United States Copyright Office, as applicable;

UCC Filing Authorization Letter, dated and effective as of May 29, 2025, authorizing the Collateral Agent (or its designee) to complete
the filing of appropriate financing statements on Form UCC-1 in such office or offices as may be necessary or, in the opinion of the
Collateral Agent, desirable to perfect the security interests purported to be created by each Security Agreement;

(iii) the
results of searches for any effective UCC financing statements, tax Liens or judgment Liens filed against any Loan Party or its property,
which results shall not show any such Liens (other than Permitted Liens acceptable to the Collateral Agent);

the Canadian Security Documents duly executed by the parties thereto;

an acknowledgment of PPSA verification statements dated and effective as of the Effective Date, confirming receipt by the Loan Parties
of all appropriate PPSA financing statements in such office or offices as may be necessary or, in the opinion of the Collateral Agent,
desirable to perfect the security interests purported to be created by the Canadian Security Documents;

(vi) the
results of searches for any effective PPSA financing statements filed against any Loan Party or its property, which results shall not
show any such Liens (other than Permitted Liens acceptable to the Collateral Agent);

(vii) an
executed notice of security interest in Intellectual Property to be registered with CIPO in respect of the security interests purported
to be created by the Canadian Security Documents;

(viii)
[reserved];

the Information Certificate;

the Disbursement Letter;

the Fee Letter;

(xii)
the Intercompany Subordination Agreement;

(xiii)
the Sanders Subordination Agreements;

(xiv)
a certificate of an Authorized Officer of each Loan Party, certifying (A) as to copies of the Governing Documents of such Loan Party,
together with all amendments thereto (including, without limitation, a true and complete copy of the charter, certificate of formation,
certificate of limited partnership or other publicly filed organizational document of each Loan Party certified as of a recent date not
more than 30 days prior to the Effective Date by an appropriate official of the jurisdiction of organization of such Loan Party which
shall set forth the same complete name of such Loan Party as is set forth herein and the organizational number of such Loan Party, if
an organizational number is issued in such jurisdiction), (B) as to a copy of the resolutions or written consents of such Loan Party
authorizing (1) the borrowings hereunder and the transactions contemplated by the Loan Documents to which such Loan Party is or will
be a party, and (2) the execution, delivery and performance by such Loan Party of each Loan Document to which such Loan Party is or will
be a party and the execution and delivery of the other documents to be delivered by such Person in connection herewith and therewith,
(C) the names and true signatures of the representatives of such Loan Party authorized to sign each Loan Document (in the case of a Borrower,
including, without limitation, Notices of Borrowing, Term SOFR Rate Notices and all other notices under this Agreement and the other
Loan Documents) to which such Loan Party is or will be a party and the other documents to be executed and delivered by such Loan Party
in connection herewith and therewith, together with evidence of the incumbency of such authorized officers and (D) as to the matters
set forth in Section 5.1(b);

certificate of the chief financial officer of the Borrower (A) certifying that all tax returns required to be filed by the Loan Parties
have been filed and that all taxes upon the Loan Parties or their properties, assets, and income (including real property taxes and payroll
taxes) have been paid, (B) attaching a copy of the Financial Statements and the Projections described in Section 6.1(g) and certifying
as to the compliance with the representations and warranties set forth in Section 6.1(g) and Section 6.1(gg)(ii) and as to satisfaction
of the minimum Liquidity requirements in Section 5.1(i) and (C) certifying that after giving effect to all Loans to be made on the Effective
Date all liabilities of the Loan Parties are current;

(xvi) a
certificate of the chief financial officer of each Loan Party, certifying that each such Loan Party (after giving effect to the Loans
made on the Effective Date) is Solvent;

(xvii) a
certificate of an Authorized Officer of the Borrower certifying that (A) the Material Contracts (delivered separately to the Agents on
or prior to the Effective Date), in each case as in effect on the Effective Date, are true, complete and correct copies thereof, and
(B) such agreements remain in full force and effect and that none of the Loan Parties has breached or defaulted in any of its obligations
under such agreements;

(xviii)
a certificate of the appropriate official(s) of the jurisdiction of organization and, except to the extent such failure to be so qualified
could not reasonably be expected to have a Material Adverse Effect, each jurisdiction of foreign qualification of each Loan Party certifying
as of a recent date not more than 30 days prior to the Effective Date as to the subsistence in good standing of, and, if applicable,
the payment of taxes by, such Loan Party in such jurisdictions;

(xix)
an opinion of (A) Nelson Mullins Riley & Scarborough LLP, counsel to the Loan Parties, (B) Fennemore Law, Nevada special local counsel
to the Borrower, and (C) Stewart McKelvey, counsel to the Canadian Guarantors, in each case as to such matters as the Agents may reasonably
request;

subject to Section 5.3, evidence of the insurance coverage required by Section 7.1 and the terms of each Security Agreement, in each
case, where requested by the Collateral Agent, with such endorsements as to the named insureds or loss payees thereunder as the Collateral
Agent may request and providing that such policy may be terminated or canceled (by the insurer or the insured thereunder) only upon 30
days’ prior written notice to the Collateral Agent and each such named insured or loss payee, together with evidence of the payment
of all premiums due in respect thereof for such period as the Collateral Agent may request;

(xxi)
subject to Section 5.3, landlord waivers, in form and substance satisfactory to the Collateral Agent, executed by each landlord with
respect to each of the Leases set forth on Schedule III to the Security Agreement and collateral access agreements to the extent required
by Section 7.1(m);

(xxii) subject
to Section 5.3, all Control Agreements required for the Loan Parties to comply with the Loan Documents, each duly executed by, in addition
to the applicable Loan Party, the applicable financial institution;

(xxiii)
to the extent requested at least three (3) Business Days prior to the Effective Date, all documentation and other information required
by regulatory authorities under applicable “know your customer” rules and Anti-Money Laundering Laws, including the USA PATRIOT
Act;

(xxiv)
evidence satisfactory to the Agents that a Process Agent has been properly appointed by each Canadian Guarantor in accordance with Section

(xxv)
copies of the Consulting Services Agreement and the Material Contracts as in effect on the Effective Date, certified as true and correct
copies thereof by an Authorized Officer of the Borrower, together with a certificate of an Authorized Officer of the Borrower stating
that such agreements remain in full force and effect and that none of the Loan Parties have breached or defaulted in any of their obligations
under the Material Contracts; and

(xxvi)
such other agreements, instruments, approvals, opinions and other documents, each satisfactory to the Agents in form and substance, as
any Agent may reasonably request.

(e) Material
Adverse Effect. The Agents shall have determined, in their reasonable judgment, that no event or development shall have occurred
since December 31, 2024 which could reasonably be expected to have a Material Adverse Effect.