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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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.

Notwithstanding the foregoing,
no Excluded Subsidiary shall be required to become a Guarantor hereunder (and, as such, shall not be required to deliver the documents
required by clause (i) above); provided, however, that (I) if the Equity Interests of a Foreign Subsidiary that is an Excluded Subsidiary
are owned by a Loan Party, such Loan Party shall deliver all such documents, instruments, agreements (including, without limitation, at
the reasonable request of the Collateral Agent, a pledge agreement governed by the laws of the jurisdiction of the organization of such
Excluded Subsidiary) and certificates described in clause (ii) above to the Collateral Agent, and take all commercially reasonable actions
reasonably requested by the Collateral Agent or otherwise necessary to grant and to perfect a first-priority Lien (subject to Permitted
Specified Liens) in favor of the Collateral Agent, for the benefit of the Agents and the Lenders, in 65% of the voting Equity Interests
of such Foreign Subsidiary and 100% of all other Equity Interests of such Foreign Subsidiary owned by such Loan Party, and (II) promptly
and in any event within 20 days after the effectiveness of any amendment of the Internal Revenue Code to allow for 100% of the voting
Equity Interests of such Foreign Subsidiary to be pledged to the Collateral Agent without material adverse tax consequences to the Borrower
and its Subsidiaries, 100% of such voting Equity Interests shall be pledged pursuant to clause (ii) above.

(c) Compliance
with Laws; Payment of Taxes.

(i) Comply,
and cause each of its Subsidiaries to comply, in all material respects with all Requirements of Law, judgments and awards (including any
settlement of any claim that, if breached, could give rise to any of the foregoing).

(ii) Pay,
and cause each of its Subsidiaries to pay, in full before delinquency or before the expiration of any extension period, all Taxes imposed
upon any Loan Party or any of its Subsidiaries or any property of any Loan Party or any of its Subsidiaries, except (i) unpaid Taxes in
an aggregate amount at any one time not in excess of $50,000, and (ii) Taxes contested in good faith by proper proceedings which stay
the imposition of any Lien resulting from the non-payment thereof and with respect to which adequate reserves have been set aside for
the payment thereof in accordance with GAAP.

(d) Preservation of Existence,
Etc. Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, its existence, rights and privileges, and
become or remain, and cause each of its Subsidiaries to become or remain, duly qualified and in good standing in each jurisdiction in
which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary,
except to the extent that the failure to be so qualified could not reasonably be expected to have a Material Adverse Effect.

(e) Keeping
of Records and Books of Account. Keep, and cause each of its Subsidiaries to keep, adequate records and books of account, with complete
entries made to permit the preparation of financial statements in accordance with GAAP.

(f) Inspection
Rights. Permit, and cause each of its Subsidiaries to permit, the agents and representatives of any Agent at any reasonable time following
reasonable advance written notice (but in no event less than two (2) Business Days unless an Event of Default has occurred and is continuing)
and from time to time during normal business hours, at the expense of the Borrower as provided in Section 2.6(b), to examine and make
copies of and abstracts from its records and books of account, to visit and inspect its properties, to verify materials, leases, notes,
accounts receivable, deposit accounts and its other assets, to conduct audits, physical counts, valuations, appraisals or examinations
and to discuss its affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants (in
the presence of Authorized Officers of such Loan Party as it may designate) or any of its other representatives. In furtherance of the
foregoing, each Loan Party hereby authorizes its independent accountants, and the independent accountants of each of its Subsidiaries,
to discuss the affairs, finances and accounts of such Person (independently or together with representatives of such Person) with the
agents and representatives of any Agent in accordance with this Section 7.1(f).

(g) Maintenance
of Properties, Etc. Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties which
are necessary or useful in the proper conduct of its business in good working order and condition, ordinary wear and tear and casualty
excepted, and comply, and cause each of its Subsidiaries to comply, at all times with the provisions of all leases to which it is a party
as lessee or under which it occupies property, so as to prevent any loss or forfeiture thereof or thereunder, except to the extent the
failure to so maintain and preserve or so comply could not reasonably be expected to have a Material Adverse Effect.