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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period commencing at the end of the immediately preceding Fiscal Year and ending with the end of such fiscal month, setting forth in each case in comparative form the figures for the corresponding date or period set forth in (A) the financial statements for the immediately preceding Fiscal Year and (B) the Projections, all in reasonable detail and certified by an Authorized Officer of the Borrower as fairly presenting, in all material respects, the financial position of the Borrower and its Subsidiaries as at the end of such fiscal month and the results of operations, retained earnings and cash flows of the Borrower and its Subsidiaries for such fiscal month and for such year-to-date period, in accordance with GAAP applied in a manner consistent with that of the most recent audited financial statements furnished to the Agents and the Lenders, subject to the absence of footnotes and normal year-end adjustments;

soon as available and in any event within 45 days after the end of each fiscal quarter of the Borrower and its Subsidiaries commencing
with the first fiscal quarter of the Borrower and its Subsidiaries ending after the Effective Date, consolidated balance sheets, statements
of operations and retained earnings and statements of cash flows of the Borrower and its Subsidiaries as at the end of such quarter, and
for the period commencing at the end of the immediately preceding Fiscal Year and ending with the end of such quarter, setting forth in
each case in comparative form the figures for the corresponding date or period set forth in (A) the financial statements for the immediately
preceding Fiscal Year and (B) the Projections, all in reasonable detail and certified by an Authorized Officer of the Borrower as fairly
presenting, in all material respects, the financial position of the Borrower and its Subsidiaries as of the end of such quarter and the
results of operations, retained earnings and cash flows of the Borrower and its Subsidiaries for such quarter and for such year-to-date
period, in accordance with GAAP applied in a manner consistent with that of the most recent audited financial statements of the Borrower
and its Subsidiaries furnished to the Agents and the Lenders, subject to the absence of footnotes and normal year-end adjustments;

(iii) as
soon as available, and in any event within 120 days after the end of each Fiscal Year of the Borrower and its Subsidiaries, consolidated
balance sheets, statements of operations and retained earnings and statements of cash flows of the Borrower and its Subsidiaries as at
the end of such Fiscal Year, setting forth in each case in comparative form the figures for the corresponding date or period set forth
in (A) the financial statements for the immediately preceding Fiscal Year and (B) the Projections, all in reasonable detail and prepared
in accordance with GAAP, and accompanied by a report and an opinion, prepared in accordance with generally accepted auditing standards,
of independent certified public accountants of recognized standing selected by the Borrower and satisfactory to the Agents (which report
and opinion shall not include (1) any qualification, exception or explanatory paragraph expressing substantial doubt about the ability
of the Borrower or any of its Subsidiaries to continue as a going concern or any qualification or exception as to the scope of such audit
or (2) any qualification which relates to the treatment or classification of any item and which, as a condition to the removal of such
qualification, would require an adjustment to such item, the effect of which would be to cause any noncompliance with the provisions of
Section 7.3);

(iv) simultaneously
with the delivery of the financial statements of the Borrower and its Subsidiaries required by clauses (i),
(ii) and (iii) of this Section 7.1(a), a Compliance Certificate:

(A) stating
that such Authorized Officer has reviewed the provisions of this Agreement and the other Loan Documents and has made or caused to be made
under his or her supervision a review of the condition and operations of the Borrower and its Subsidiaries during the period covered by
such financial statements with a view to determining whether the Borrower and its Subsidiaries were in compliance with all of the provisions
of this Agreement and such Loan Documents at the times such compliance is required hereby and thereby, and that such review has not disclosed,
and such Authorized Officer has no knowledge of, the occurrence and continuance during such period of an Event of Default or Default or,
if an Event of Default or Default had occurred and continued or is continuing, describing the nature and period of existence thereof and
the action which the Borrower and its Subsidiaries propose to take or have taken with respect thereto,

the case of the delivery of the quarterly financial statements of the Borrower and its Subsidiaries required by clause (ii) of this Section
7.1(a), (x) attaching a schedule showing the calculation of each of the applicable financial covenants specified in Section 7.3, (y) confirmation
that there have been no changes to the information contained in the Information Certificate delivered on the Effective Date or the date
of the most recently updated Information Certificate delivered to the Agents and/or attaching an updated Information Certificate identifying
any such changes to the information contained therein, and (z) including a discussion and analysis of the financial condition and results
of operations of the Borrower and its Subsidiaries for the portion of the Fiscal Year then elapsed and discussing the reasons for any
significant variations from the Projections for such period and the figures for the corresponding period in the previous Fiscal Year,
as applicable, and

the case of the delivery of the annual audited financial statements of the Borrower and its Subsidiaries required by clause (iii) of this
Section 7.1(a), attaching (1) a summary of all insurance coverage maintained as of the date thereof by any Loan Party or any of its Subsidiaries
in accordance with the requirements set forth in Section 7.1, each Security Agreement and each Mortgage (if any), together with such other
related documents and information as the Administrative Agent may reasonably require, (2) the calculation of the Excess Cash Flow in accordance
with the terms of Section 2.5(c)(i) and (3) a discussion and analysis of the financial condition and results of operations of the Borrower
and its Subsidiaries for such Fiscal Year and discussing the reasons for any significant variations from the Projections for such Fiscal
Year and the figures for the previous Fiscal Year, as applicable;

soon as available and in any event within 10 days after the end of each fiscal quarter of the Borrower and its Subsidiaries commencing
with the first fiscal quarter of the Borrower and its Subsidiaries ending after the Effective Date, reports in form and detail satisfactory
to the Agents and certified by an Authorized Officer of the Borrower as being accurate and complete (A) listing all Accounts of the Loan
Parties as of such day, which shall include the amount and age of each such Account, showing separately those which are more than 30,
60, 90 and 120 days old and a description of all Liens, set-offs, defenses and counterclaims with respect thereto, and (B) listing all
accounts payable of the Loan Parties as of each such day which shall include the amount and age of each such account payable and such
other information as any Agent may request;

soon as available and in any event not later than December 31 each Fiscal Year, a certificate of an Authorized Officer of the Borrower
(A) attaching Projections for the Borrower and its Subsidiaries, supplementing and superseding the Projections previously required to
be delivered pursuant to this Agreement, prepared on a monthly basis and otherwise in form and substance satisfactory to the Agents, for
the immediately succeeding Fiscal Year for the Borrower and its Subsidiaries, and (B) certifying that the representations and warranties
set forth in Section 6.1(gg)(ii) are true and correct with respect to the Projections;

(vii) promptly
after submission to any Governmental Authority, all documents and information furnished to such Governmental Authority in connection with
any investigation of any Loan Party other than routine inquiries by such Governmental Authority;

(viii) as
soon as possible, and in any event within three (3) days after the occurrence of an Event of Default or Default or the occurrence of any
event or development that could reasonably be expected to have a Material Adverse Effect, the written statement of an Authorized Officer
of the Borrower setting forth the details of such Event of Default or Default or other event or development having a Material Adverse
Effect and the action which the affected Loan Party proposes to take with respect thereto;