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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SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Reference Rate Term SOFR Determination Day; provided, further, that if Term SOFR determined as provided above (including pursuant to the proviso under clause (a) or clause (b) above) shall ever be less than the Floor, then Term SOFR shall be deemed to be the Floor. “Term SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion). “Term SOFR Rate Deadline” has the meaning specified therefor in Section 2.7(a).

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

“Term SOFR Rate Notice”
means a written notice substantially in the form of Exhibit F hereto.

“Term SOFR Rate Option”
has the meaning specified therefor in Section 2.7(a).

“Term SOFR Reference
Rate” means the forward-looking term rate based on SOFR.

“Title Insurance Policy”
means a mortgagee’s loan policy, in form and substance satisfactory to the Collateral Agent, together with all endorsements made
from time to time thereto, issued to the Collateral Agent by or on behalf of a title insurance company selected by or otherwise satisfactory
to the Collateral Agent, insuring the Lien created by a Mortgage in an amount and on terms and with such endorsements satisfactory to
the Collateral Agent, delivered to the Collateral Agent.

“Total Commitment”
means the sum of the Total Initial Term Loan Commitment, the Total Delayed Draw Term Loan Commitment and any Total Incremental Term Loan
Commitment.

“Total Delayed Draw
Term Loan Commitment” means the sum of the amounts of the Delayed Draw Term Loan Lenders’ Delayed Draw Term Loan Commitments.

“Total Incremental
Term Loan Commitment” means the sum of the amounts of the Incremental Term Loan Lenders’ Incremental Term Loan Commitments.

“Total Initial Term
Loan Commitment” means the sum of the amounts of the Initial Term Loan Lenders’ Initial Term Loan Commitments.

“Transaction Costs”
means the reasonable and documented out-of-pocket fees, costs and expenses incurred by Borrower and its subsidiaries in connection with
the consummation of the Transactions.

“Transactions”
means, collectively, the transactions to occur on or about the Effective Date pursuant to the Loan Documents, including (a) the execution,
delivery and performance of the Loan Documents and the making of the Loans hereunder and (b) the payment of all fees and expenses to be
paid on or prior to the Effective Date and owing in connection with the foregoing.

“UCC” or
“Uniform Commercial Code” has the meaning specified therefor in Section 1.4(b).

“UCC Filing Authorization
Letter” means a letter duly executed by each Loan Party authorizing the Collateral Agent to file appropriate financing statements
on Form UCC-1 without the signature of such Loan Party 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 and each Mortgage.

“Unadjusted Benchmark
Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

“Unrestricted Cash”
means, as of any date of determination, the aggregate amount of unrestricted cash on-hand of the Loan Parties maintained in deposit accounts
in the name of a Loan Party in the United States as of such date that are Controlled Accounts.

“USA PATRIOT Act”
means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (PATRIOT) Act
of 2001 (Title III of Pub. L. 107-56, Oct. 26, 2001) as amended by the USA Patriot Improvement and Reauthorization Act of 2005 (Pub. L.
109-177, March 9, 2006) and as the same may have been or may be further renewed, extended, amended, or replaced.

“U.S. Government Securities
Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial
Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in
United States government securities.

“U.S. Tax Compliance
Certificate” has the meaning specified therefor in Section 2.9(d)(i)(B)(3).

“U.S. Person”
means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Internal Revenue Code.

“Vitabest Settlement
Agreement” means that certain Confidential Settlement Agreement and Mutual General Release, dated effective as of March 27,
2024, by and between the Borrower and Vitabest Nutrition, Inc.

“WARN” has
the meaning specified therefor in Section 6.1(p).

“Withholding Agent”
means any Loan Party and the Administrative Agent.

“Working Capital”
means, at any date of determination thereof, (a) the sum, for any Person and its Subsidiaries, of (i) the unpaid face amount of all Accounts
of such Person and its Subsidiaries as at such date of determination, plus (ii) the aggregate amount of prepaid expenses and other current
assets of such Person and its Subsidiaries as at such date of determination (other than cash, Cash Equivalents and any Indebtedness owing
to such Person or any of its Subsidiaries by Affiliates of such Person), minus (b) the sum, for such Person and its Subsidiaries, of (i)
the unpaid amount of all accounts payable of such Person and its Subsidiaries as at such date of determination, plus (ii) the aggregate
amount of all accrued expenses of such Person and its Subsidiaries as at such date of determination (other than the current portion of
long-term debt and all accrued interest and taxes).

Section 1.2. Terms Generally.
The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require,
any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes”
and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will”
shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise, (a) any
definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument
or other document as from time to time amended, restated, amended and restated, supplemented or otherwise modified (subject to any restrictions
on such amendments, restatements, amendments and restatements, supplements or modifications set forth herein), (b) any reference herein
to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof”
and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any
particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles
and Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall
be construed to have the same meaning and effect and to refer to any right or interest in or to assets and properties of any kind whatsoever,
whether real, personal or mixed and whether tangible or intangible.