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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Loan Commitments in proportion to its Pro Rata Share of the Term Loans outstanding immediately before giving effect to such Incremental Term Loans. Each Lender holding Term Loans shall notify the Administrative Agent within five (5) Business Days following such notice from the Administrative Agent, if and to what extent, such Lender holding Term Loans commits to the requested Incremental Term Loan Commitments. Any Lender holding Term Loans not responding within such period shall be deemed to have declined to provide an Incremental Term Loan Commitment. If a Lender holding Term Loans fails to so commit to the full requested Incremental Term Loan Commitments, the Administrative Agent may, in its sole discretion, arrange for one or more other lenders to provide such remainder of the requested Incremental Term Loan Commitments, which such other lenders may be existing Lenders or any other Persons that are eligible assignees pursuant to Section 11.7.

(b) Such
Incremental Term Loan Commitments shall become effective as of such Increased Amount Date; provided that (i) no Default or Event of Default
shall exist on such Increased Amount Date before or after giving effect to such Incremental Term Loan Commitments; (ii) each of the conditions
set forth in Section 5.2 shall be satisfied; (iii) the Borrower and its Subsidiaries shall be in compliance on a pro form basis with each
of the covenants set forth in Section 7.3 as of the last day of the most recently ended Fiscal Quarter after giving effect to the funding
of such Incremental Term Loans, as if made on the last day of such recently ended Fiscal Quarter; (iv) the Incremental Term Loans shall
be effected pursuant to one or more amendment or joinder agreements (each, and “Incremental Amendment”) executed and
delivered by the Loan Parties, the Agents and each Incremental Term Loan Lender, and each of which such Incremental Term Loans shall be
recorded in the Register and shall be subject to the requirements set forth in Section 2.9; (v) the Borrower shall deliver a certificate
of an Authorized Officer certifying the proposed use of the proceeds the Incremental Term Loan, as approved by the Administrative Agent,
and certifying that the conditions precedent to the making of such Incremental Term Loan under this Section 2.13 have been satisfied,
and (vi) the Borrower shall deliver or cause to be delivered any legal opinions or other documents reasonably requested by the Administrative
Agent in connection with any such transaction. In the event any Incremental Term Loans are not funded on the applicable Increased Amount
Date, the Borrower shall make any payments required pursuant to Section 2.8(c) in connection with such Incremental Term Loan Commitments.
In no event shall the provisions of this Section 2.13 or any other provision of this Agreement or any other Loan Document be deemed to
create any obligation on the part of any Lender to agree to any increase in any Commitment and the Borrower and the other Loan Parties
each agree that any such increase shall be at the sole option of each Lender.

any Increased Amount Date on which any Incremental Term Loan Commitments of any tranche are effective, subject to the satisfaction of
the foregoing terms and conditions, (i) each Incremental Term Loan Lender shall make an Incremental Term Loan to the Borrower in an amount
equal to its Incremental Term Loan Commitment, and (ii) each Incremental Term Loan Lender shall become a Lender hereunder with respect
to the Incremental Term Loan Commitment and the Incremental Term Loans made pursuant thereto.

(d) The
Incremental Term Loans and Incremental Term Loan Commitments shall be on the same terms and conditions as the Term Loans (including as
to security) and such other terms and conditions as shall be agreed by the Incremental Term Loan Lenders and the Agents. The maturity
date of any Incremental Term Loan shall be the Term Loan Maturity Date. Each Incremental Amendment may, without the consent of any other
Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the
Administrative Agent, to effect the provisions of this Section 2.13.

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Article

APPLICATION OF PAYMENTS; DEFAULTING LENDERS

Section 4.1. Payments;
Computations and Statements.

(a) The
Borrower will make each payment under this Agreement not later than 3:00 pm (New York City time) on the day when due, in lawful money
of the United States of America and in immediately available funds, to the Administrative Agent’s Account. All payments received
by the Administrative Agent after 3:00 pm (New York City time) on any Business Day will be credited to the Loan Account on the next succeeding
Business Day. All payments shall be made by the Borrower without set-off, counterclaim, recoupment, deduction or other defense to the
Agents and the Lenders. Except as provided in Section 2.2, after receipt, the Administrative Agent will promptly thereafter cause to be
distributed like funds relating to the payment of principal ratably to the Lenders in accordance with their Pro Rata Shares and like funds
relating to the payment of any other amount payable to any Lender to such Lender, in each case to be applied in accordance with the terms
of this Agreement. The Lenders and the Borrower hereby authorize the Administrative Agent to, and the Administrative Agent may, from time
to time, charge the Loan Account of the Borrower with any amount due and payable by the Borrower under any Loan Document. Each of the
Lenders and the Borrower agrees that the Administrative Agent shall have the right to make such charges whether or not any Default or
Event of Default shall have occurred and be continuing or whether any of the conditions precedent in Section 5.2 have been satisfied.
Any amount charged to the Loan Account of the Borrower shall be deemed Obligations. The Lenders and the Borrower confirm that any charges
which the Administrative Agent may so make to the Loan Account of the Borrower as herein provided will be made as an accommodation to
the Borrower and solely at the Administrative Agent’s discretion, provided that the Administrative Agent shall from time to time
upon the request of the Collateral Agent, charge the Loan Account of the Borrower with any amount due and payable under any Loan Document.
Whenever any payment to be made under any such Loan Document shall be stated to be due on a day other than a Business Day, such payment
shall be made on the next succeeding Business Day and such extension of time shall in such case be included in the computation of interest
or fees, as the case may be. All computations of fees shall be made by the Administrative Agent on the basis of a year of 360 days for
the actual number of days. Each determination by the Administrative Agent of an interest rate or fees hereunder shall be conclusive and
binding for all purposes in the absence of manifest error.

(b) The
Administrative Agent shall provide the Borrower, promptly after the end of each calendar month, a summary statement (in the form from
time to time used by the Administrative Agent) of the opening and closing daily balances in the Loan Account of the Borrower during such
month, the amounts and dates of all Loans made to the Borrower during such month, the amounts and dates of all payments on account of
the Loans to the Borrower during such month and the Loans to which such payments were applied, the amount of interest accrued on the Loans
to the Borrower during such month, and the amount and nature of any charges to the Loan Account made during such month on account of fees,
commissions, expenses and other Obligations. All entries on any such statement shall be presumed to be correct and, 30 days after the
same is sent, shall be final and conclusive absent manifest error.