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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due and payable to the Agents until paid in full; (ii) second, to pay interest then due and payable in respect of the Agent Advances until paid in full; (iii) third, to pay principal of the Agent Advances until paid in full; (iv) fourth, ratably to pay the Obligations in respect of any fees (other than any Applicable Premium), expense reimbursements, indemnities and other amounts then due and payable to the Term Loan Lenders until paid in full; (v) fifth, ratably to pay interest then due and payable in respect of the Term Loan until paid in full; sixth, ratably to pay principal of the Term Loan until paid in full; (vii) seventh, ratably to pay the Obligations in respect of any Applicable Premium then due and payable to the Lenders until paid in full; and (viii) eighth, to the ratable payment of all other Obligations then due and payable.

For purposes of Section 4.3(b) (other than clause (viii) thereof), “paid in full” means payment in cash of all amounts owing
under the Loan Documents according to the terms thereof, including loan fees, service fees, professional fees, interest (and specifically
including interest accrued after the commencement of any Insolvency Proceeding), default interest, interest on interest, and expense
reimbursements, whether or not the same would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding, except
to the extent that default or overdue interest (but not any other interest) and loan fees, each arising from or related to a default,
are disallowed in any Insolvency Proceeding; provided, however, that for the purposes of clause (viii), “paid in full” means
payment in cash of all amounts owing under the Loan Documents according to the terms thereof, including loan fees, service fees, professional
fees, interest (and specifically including interest accrued after the commencement of any Insolvency Proceeding), default interest, interest
on interest, and expense reimbursements, whether or not the same would be or is allowed or disallowed in whole or in part in any Insolvency
Proceeding.

the event of a direct conflict between the priority provisions of this Section 4.3 and other provisions contained in any other Loan Document,
it is the intention of the parties hereto that both such priority provisions in such documents shall be read together and construed,
to the fullest extent possible, to be in concert with each other. In the event of any actual, irreconcilable conflict that cannot be
resolved as aforesaid, the terms and provisions of this Section 4.3 shall control and govern.

Section
4.4. Defaulting Lenders. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting
Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

(a) Such
Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted
as set forth in Section 11.2.

(b) The
Administrative Agent shall not be obligated to transfer to such Defaulting Lender any payments made by the Borrower to the Administrative
Agent for such Defaulting Lender’s benefit, and, in the absence of such transfer to such Defaulting Lender, the Administrative
Agent shall transfer any such payments to each other non-Defaulting Lender ratably in accordance with their Pro Rata Shares (without
giving effect to the Pro Rata Shares of such Defaulting Lender) (but only to the extent that such Defaulting Lender’s Loans were
funded by the other Lenders) or, if so directed by the Borrower and if no Default or Event of Default has occurred and is continuing
(and to the extent such Defaulting Lender’s Loans were not funded by the other Lenders), retain the same to be re-advanced to the
Borrower as if such Defaulting Lender had made such Loans to the Borrower. Subject to the foregoing, the Administrative Agent may hold
and, in its discretion, re-lend to the Borrower for the account of such Defaulting Lender the amount of all such payments received and
retained by the Administrative Agent for the account of such Defaulting Lender.

(c) Any
such failure to fund by any Defaulting Lender shall constitute a material breach by such Defaulting Lender of this Agreement and shall
entitle the Borrower to replace the Defaulting Lender in accordance with Section 2.12 with one or more substitute Lenders, and the Defaulting
Lender shall have no right to refuse to be replaced hereunder. Such notice to replace the Defaulting Lender shall specify an effective
date for such replacement, which date shall not be later than 15 Business Days after the date such notice is given. Prior to the effective
date of such replacement, the Defaulting Lender shall execute and deliver an Assignment and Acceptance, subject only to the Defaulting
Lender being repaid its share of the outstanding Obligations without any premium or penalty of any kind whatsoever. If the Defaulting
Lender shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date of such replacement,
the Defaulting Lender shall be deemed to have executed and delivered such Assignment and Acceptance. The replacement of any Defaulting
Lender shall be made in accordance with the terms of Section 11.7.

(d) The
operation of this Section shall not be construed to increase or otherwise affect the Commitments of any Lender, to relieve or excuse
the performance by such Defaulting Lender or any other Lender of its duties and obligations hereunder, or to relieve or excuse the performance
by the Borrower of its duties and obligations hereunder to the Administrative Agent or to the Lenders other than such Defaulting Lender.

This Section shall remain effective with respect to such Lender until either (i) the Obligations under this Agreement shall have been
declared or shall have become immediately due and payable or (ii) the non-Defaulting Lenders, the Agents, and the Borrower shall have
waived such Defaulting Lender’s default in writing, and the Defaulting Lender makes its Pro Rata Share of the applicable defaulted
Loans and pays to the Agents all amounts owing by such Defaulting Lender in respect thereof; provided that no adjustments will be made
retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such Lender was a Defaulting Lender;
provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting
Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been
a Defaulting Lender.

ARTICLE

CONDITIONS
TO LOANS

Section
5.1. Conditions Precedent to Effectiveness. This Agreement shall become effective as of the Business Day (the “Effective
Date”) when each of the following conditions precedent shall have been satisfied in a manner satisfactory to the Agents:

(a) Payment
of Fees, Etc. The Borrower shall have paid on or before the Effective Date all fees, costs, expenses and taxes then payable pursuant
to Sections 2.6 (including the Fee Letter) and 11.4.

(b) Representations
and Warranties; No Event of Default. The following statements shall be true and correct: (i) the representations and warranties contained
in Article VI and in each other Loan Document, certificate or other writing delivered to any Secured Party pursuant hereto or thereto
on or prior to the Effective Date are true and correct on and as of the Effective Date as though made on and as of such date, except
to the extent that any such representation or warranty expressly relates solely to an earlier date (in which case such representation
or warranty shall be true and correct on and as of such earlier date) and (ii) no Default or Event of Default shall have occurred and
be continuing on the Effective Date or would result from this Agreement or the other Loan Documents becoming effective in accordance
with its or their respective terms.

(c) Legality.
The making 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;