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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all necessary action, (ii) do not and will not contravene (A) any of its Governing Documents, (B) any applicable Requirement of Law or (C) any material Contractual Obligation binding on or otherwise affecting it or any of its properties (including the Material Contracts) by which such Loan Party is bound, (iii) do not and will not result in or require the creation of any Lien (other than pursuant to any Loan Document) upon or with respect to any of its properties, and (iv) do not and will not result in any default, noncompliance, suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to its operations or any of its properties, except, in the case of clauses (ii)(B), (ii)(C) and (iv), to the extent where such contravention, default, noncompliance, suspension, revocation, impairment, forfeiture or nonrenewal could not reasonably be expected to have a Material Adverse Effect.

(c) Governmental
Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required
in connection with the due execution, delivery and performance by any Loan Party of any Loan Document to which it is or will be a party
other than (i) filings and recordings with respect to Collateral to be made, or otherwise delivered to the Collateral Agent for filing
or recordation, on the Effective Date or (ii) such as have been obtained and are in full force and effect.

(d) Enforceability
of Loan Documents. This Agreement is, and each other Loan Document to which any Loan Party is or will be a party, when delivered
hereunder, will be, a legal, valid and binding obligation of such Person, enforceable against such Person in accordance with its terms,
except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
the enforcement of creditors’ rights generally and by general principles of equity.

(e) Capitalization.
On the Effective Date, after giving effect to the transactions contemplated hereby to occur on the Effective Date, the authorized Equity
Interests of the Borrower and each of its Subsidiaries and the issued and outstanding Equity Interests of the Borrower and each of its
Subsidiaries are as set forth on Schedule 6.1(e) hereto. All of the issued and outstanding shares of Equity Interests of the Borrower
and each of its Subsidiaries have been validly issued and are fully paid and nonassessable, and the holders thereof are not entitled
to any preemptive, first refusal or other similar rights. All Equity Interests of such Subsidiaries of the Borrower are owned by the
Borrower free and clear of all Liens (other than Permitted Specified Liens). Except as described on Schedule 6.1(e) hereto and
in the Lender Warrant, there are no outstanding debt or equity securities of the Borrower or any of its Subsidiaries and no outstanding
obligations of the Borrower or any of its Subsidiaries convertible into or exchangeable for, or warrants, options or other rights for
the purchase or acquisition from the Borrower or any of its Subsidiaries, or other obligations of the Borrower or any of its Subsidiaries
to issue, directly or indirectly, any shares of Equity Interests of the Borrower or any of its Subsidiaries.

(f) Litigation.
Except as set forth on Schedule 6.1(f), there is no pending or, to the knowledge of any Loan Party, threatened action, suit or proceeding
affecting any Loan Party or any of its properties before any court or other Governmental Authority or any arbitrator that (i) could reasonably
be expected to have a Material Adverse Effect or (ii) relates to this Agreement or any other Loan Document or any transaction contemplated
hereby or thereby.

Financial Statements.

(i) The
Financial Statements, copies of which have been delivered to each Agent and each Lender, fairly present the consolidated financial condition
of the Borrower and its Subsidiaries as at the respective dates thereof and the consolidated results of operations of the Borrower and
its Subsidiaries for the fiscal periods ended on such respective dates, all in accordance with GAAP. All material indebtedness and other
liabilities (including, without limitation, Indebtedness, liabilities for taxes, long-term leases and other unusual forward or long-term
commitments), direct or contingent, of the Borrower and its Subsidiaries are set forth in the Financial Statements. Since December 31,
2024, no event or development has occurred that has had or could reasonably be expected to have a Material Adverse Effect.

(ii) The
Borrower has heretofore furnished to each Agent and each Lender (A) projected monthly balance sheets, income statements and statements
of cash flows of the Borrower and its Subsidiaries for the Fiscal Year 2025, and (B) projected quarterly balance sheets, income statements
and statements of cash flows of the Borrower and its Subsidiaries for the Fiscal Years 2026 through 2028 which projected financial statements
shall be updated from time to time pursuant to Section 7.1(a)(vi).

(h) Compliance
with Law, Etc. No Loan Party or any of its Subsidiaries is in violation of (i) any of its Governing Documents, (ii) any material
Requirement of Law, or (iii) any material term of any material Contractual Obligation (including, without limitation, any Material Contract)
binding on or otherwise affecting it or any of its properties.

(i) ERISA.
(i) Each Loan Party and each Employee Plan is in compliance with all Requirements of Law in all material respects, including ERISA, the
Internal Revenue Code and the Patient Protection and Affordable Care Act of 2010, as amended by the Health Care and Education Reconciliation
Act of 2010, (ii) no ERISA Event has occurred nor is reasonably expected to occur with respect to any Employee Plan or Multiemployer
Plan, (iii) the most recent annual report (Form 5500 Series) with respect to each Pension Plan, including any required Schedule B (Actuarial
Information) thereto, copies of which have been filed with the Internal Revenue Service and delivered to the Agents, is complete and
correct and fairly presents the funding status of such Pension Plan, and since the date of such report, there has been no material adverse
change in such funding status, and (iv) each Employee Plan that is intended to be a qualified plan under Section 401(a) of the Internal
Revenue Code has been determined by the Internal Revenue Service to be qualified under Section 401(a) of the Internal Revenue Code and
the trust related thereto is exempt from federal income tax under Section 501(a) of the Internal Revenue Code. Copies of each agreement
entered into with the PBGC, the U.S. Department of Labor or the Internal Revenue Service with respect to any Employee Plan have been
delivered to the Agents. Other than as set forth on Schedule 6.1(p), no Loan Party or any of its ERISA Affiliates has incurred any liability
to the PBGC which remains outstanding other than the payment of premiums, and there are no premium payments which have become due which
are unpaid. There are no pending or, to the best knowledge of any Loan Party, threatened claims, actions, proceedings or lawsuits (other
than claims for benefits in the normal course) asserted or instituted against (A) any Employee Plan or its assets, (B) any fiduciary
with respect to any Employee Plan, or (C) any Loan Party or any of its ERISA Affiliates with respect to any Employee Plan. Except as
required by Section 4980B of the Internal Revenue Code, no Loan Party or any of its ERISA Affiliates maintains an employee welfare benefit
plan (as defined in Section 3(1) of ERISA) that provides health benefits (through the purchase of insurance or otherwise) for any retired
or former employee of any Loan Party or any of its ERISA Affiliates or has any obligation to provide any such benefits for any current
employee after such employee’s termination of employment.

(j) Taxes,
Etc. (i) All United States federal income Tax returns and all other material state and local Tax returns and other reports required
by applicable Requirements of Law to be filed by any Loan Party have been timely filed and (ii) all required Taxes imposed upon any Loan
Party or any property of any Loan Party which have become due and payable on or prior to the date hereof have been paid, except (A) unpaid
Taxes in an aggregate amount at any one time not in excess of $50,000, or (B) 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 on the Financial Statements in accordance with GAAP.