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

Chunk 17 of 68
Word Count: 1433
Character Count: 9129

Document Content:

certain Amended and Restated Promissory Note, dated August 28, 2024, made by Boombod Ltd., a UK Corporation, to the order of the Borrower, in the original principal amount of $4,424,547. “Post-Default Rate” means a rate of interest per annum equal to the rate of interest otherwise in effect from time to time pursuant to the terms of this Agreement plus 2.0%, or, if a rate of interest is not otherwise in effect, interest at the highest rate specified herein for any Loan then outstanding prior to an Event of Default plus 2.0%. “PPSA” shall mean the Personal Property Security Act (or any successor statutes) as the same may, from time to time, be in effect in the Province of Ontario or a similar act or statute as in effect in such other jurisdiction in Canada for purposes of the provisions of this Agreement. “Pro Rata Share” means, with respect to:

Initial Term Loan Lender’s obligation to make the Initial Term Loan and the right to receive payments of interest, fees, and principal
with respect thereto, the percentage obtained by dividing (i) such Initial Term Loan Lender’s Initial Term Loan Commitment, by
(ii) the Total Initial Term Loan Commitment, provided that if the Total Initial Term Loan Commitment has been reduced to zero, the numerator
shall be the aggregate unpaid principal amount of such Lender’s portion of the Initial Term Loan and any Agent Advances and the
denominator shall be the aggregate unpaid principal amount of the Initial Term Loan and any Agent Advances;

Delayed Draw Term Loan Lender’s obligation to make the Delayed Draw Term Loan and the right to receive payments of interest, fees,
and principal with respect thereto, the percentage obtained by dividing (i) such Delayed Draw Term Loan Lender’s Delayed Draw Term
Loan Commitment, by (ii) the Total Delayed Draw Term Loan Commitment, provided that if the Total Delayed Draw Term Loan Commitment has
been reduced to zero, the numerator shall be the aggregate unpaid principal amount of such Lender’s portion of the Delayed Draw
Term Loan and any Agent Advances and the denominator shall be the aggregate unpaid principal amount of the Delayed Draw Term Loan and
any Agent Advances;

Incremental Term Loan Lender’s obligation to make any Incremental Term Loan and the right to receive payments of interest, fees,
and principal with respect thereto, the percentage obtained by dividing (i) such Incremental Term Loan Lender’s Incremental Term
Loan Commitment, by (ii) the Total Incremental Term Loan Commitment, provided that if the Total Incremental Term Loan Commitment has
been reduced to zero, the numerator shall be the aggregate unpaid principal amount of such Lender’s portion of the Incremental
Term Loan and any Agent Advances and the denominator shall be the aggregate unpaid principal amount of the Incremental Term Loan and
any Agent Advances; and

(d) all
other matters (including, without limitation, the indemnification obligations arising under Section 9.5), the percentage obtained by
dividing (i) (i) such Lender’s portion of the unpaid principal amount of the Loans and the Agent Advances, by (ii) the aggregate
unpaid principal amount of the Loans and the Agent Advances held by all Lenders.

“Process
Agent” has the meaning specified therefor in Section 11.10(c).

“Projections”
means financial projections of the Borrower and its Subsidiaries delivered pursuant to Section 6.1(g)(ii), as updated from time to time
pursuant to Section 7.1(a)(vi).

“Qualified
Equity Interests” means, with respect to any Person, all Equity Interests of such Person that are not Disqualified Equity Interests.

“Qualified
Jurisdictions” means the United States and Canada, in each case, including any states, provinces or other similar local units
therein.

“Real
Property Deliverables” means each of the following agreements, instruments and other documents in respect of each Facility,
each in form and substance reasonably satisfactory to the Collateral Agent:

a Mortgage duly executed by the applicable Loan Party;

(b) evidence
of the recording of each Mortgage in such office or offices as may be necessary or, in the reasonable opinion of the Collateral Agent,
desirable to perfect the Lien purported to be created thereby or to otherwise protect the rights of the Collateral Agent and the Lenders
thereunder;

a Title Insurance Policy with respect to each Mortgage;

current ALTA survey and a surveyor’s certificate, certified to the Collateral Agent and to the issuer of the Title Insurance Policy
with respect thereto by a professional surveyor licensed in the state in which such Facility is located and reasonably satisfactory to
the Collateral Agent;

a certificate of an Authorized Officer of the applicable Loan Party certifying as to a true, correct and complete list, as of the date
of such certificate, of all “Buildings” (as defined by the applicable Flood Insurance Laws) located on real property that
is subject to a Mortgage, (ii) a life of loan flood hazard determination with respect to all such Buildings, or such other evidence reasonably
satisfactory to the Collateral Agent that such Buildings are not then located in a flood hazard area, (iii) if such real property is
located in a special flood hazard area, evidence of flood insurance in such amounts as are acceptable to the Collateral Agent and required
under applicable Flood Insurance Laws, and (iv) such other certificates or notices reasonably required by the Collateral Agent to facilitate
compliance with any applicable Flood Insurance Laws;

opinion of counsel, satisfactory to the Collateral Agent, in the state where such Facility is located with respect to the enforceability
of the Mortgage to be recorded and such other matters as the Collateral Agent may reasonably request;

ASTM 1527-13 Phase I Environmental Site Assessment (“Phase I ESA”) (and if reasonably requested by the Collateral
Agent based upon the results of such Phase I ESA, a Phase II Environmental Site Assessment), by an independent firm reasonably satisfactory
to the Collateral Agent; and

(h) such
other agreements, instruments, appraisals and other documents (including guarantees and opinions of counsel) as the Collateral Agent
may reasonably require.

“Recipient”
means any Agent, any Lender, as applicable.

“Reference
Rate” means, for any period, the greatest of (a) 6.0% per annum, (b) the Federal Funds Rate plus 0.50% per annum, (c) Term
SOFR (which rate shall be calculated based upon an Interest Period of one month and shall be determined on a daily basis) plus 1.00%
per annum, and (d) the rate last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if
The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board
in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate
is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the
Federal Reserve Board (as determined by the Administrative Agent). Each change in the Reference Rate shall be effective from and including
the date such change is publicly announced as being effective.

“Reference
Rate Loan” means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

“Reference
Rate Term SOFR Determination Day” has the meaning specified in the definition of “Term SOFR”.

“Register”
has the meaning specified therefor in Section 11.7(f).

“Registered
Intellectual Property” means Intellectual Property that is issued, registered, renewed or the subject of a pending application.

“Registered
Loans” has the meaning specified therefor in Section 11.7(f).

“Regulation
T”, “Regulation U” and “Regulation X” mean, respectively, Regulations T, U and X of the
Board of Governors or any successor, as the same may be amended or supplemented from time to time.

“Related
Fund” means, with respect to any Person, an Affiliate of such Person, or a fund or account managed by such Person or an Affiliate
of such Person.

“Related
Parties” means, with respect to any Person, such Person’s Affiliates and the direct and indirect equityholders, partners,
directors, officers, employees, agents, consultants, trustees, administrators, managers, advisors and representatives of such Person
and of such Person’s Affiliates.

“Release”
means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, seeping, migrating, dumping
or disposing of any Hazardous Material (including the abandonment or discarding of barrels, containers and other closed receptacles containing
any Hazardous Material) into the indoor or outdoor environment, including, without limitation, the movement of Hazardous Materials through
or in the ambient air, soil, surface or ground water, or property.

“Relevant
Governmental Body” means the Board or the Federal Reserve Bank of New York, or a committee officially endorsed or convened
by the Board or the Federal Reserve Bank of New York, or any successor thereto.