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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case, prior to the stated maturity thereof; (f) the Borrower or any of its Subsidiaries (i) shall institute any proceeding or voluntary case seeking to adjudicate it a bankrupt or insolvent, or seeking dissolution, liquidation, winding-up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts under any law relating to bankruptcy, insolvency, reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for any such Person or for any substantial part of its property, (ii) shall be generally not paying its debts as such debts become due or shall admit in writing its inability to pay its debts generally, (iii) shall make a general assignment for the benefit of creditors or (iv) shall take any action to authorize or effect any of the actions set forth above in this subsection (f);

(g) any
proceeding shall be instituted against the Borrower or any of its Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking
dissolution, liquidation, winding up, reorganization, arrangement, adjustment, protection, relief of debtors, or seeking the entry of
an order for relief or the appointment of a receiver, trustee, custodian or other similar official for any such Person or for any substantial
part of its property, and either such proceeding shall remain undismissed or unstayed for a period of 45 days or any of the actions sought
in such proceeding (including, without limitation, the entry of an order for relief against any such Person or the appointment of a receiver,
trustee, custodian or other similar official for it or for any substantial part of its property) shall occur;

(h) any
material provision of any Loan Document shall at any time for any reason (other than pursuant to the express terms thereof) cease to
be valid and binding on or enforceable against any Loan Party intended to be a party thereto, or the validity or enforceability thereof
shall be contested by any party thereto, or a proceeding shall be commenced by any Loan Party or any Governmental Authority having jurisdiction
over any of them, seeking to establish the invalidity or unenforceability thereof, or any Loan Party shall deny in writing that it has
any liability or obligation purported to be created under any Loan Document;

(i) any
Security Agreement, any Mortgage or any other security document, after delivery thereof pursuant hereto, shall for any reason fail or
cease to create a valid and perfected and, except to the extent permitted by the terms hereof or thereof, first priority Lien in favor
of the Collateral Agent for the benefit of the Agents and the Lenders on any Collateral purported to be covered thereby subject only
to Permitted Liens;

(j) one
or more judgments, orders or awards (or any settlement of any litigation or other proceeding that, if breached, could result in a judgment,
order or award) for the payment of money exceeding $250,000 in the aggregate (except to the extent fully covered (other than to the extent
of customary deductibles) by insurance pursuant to which the insurer has been notified and has not denied coverage) shall be rendered
against the Borrower or any of its Subsidiaries and remain unsatisfied and (i) enforcement proceedings shall have been commenced by any
creditor upon any such judgment, order, award or settlement or (ii) there shall be a period of 10 consecutive days after entry thereof
during which (A) a stay of enforcement thereof is not in effect or (B) the same is not vacated, discharged, stayed or bonded pending
appeal within the applicable appeal period;

[reserved];

(l) any
material damage to, or loss, theft or destruction of, any Collateral, whether or not insured, or any strike, lockout, labor dispute,
embargo, condemnation, act of God or public enemy, or other casualty which causes, for more than 15 consecutive Business Days, the cessation
or substantial curtailment of revenue producing activities at any facility of any Loan Party, if any such event or circumstance could
reasonably be expected to have a Material Adverse Effect;

(m) the
loss, suspension or revocation of, or failure to renew, any license or permit now held or hereafter acquired by the Borrower or any of
its Subsidiaries, if such loss, suspension, revocation or failure to renew could reasonably be expected to have a Material Adverse Effect;

(n) the
indictment of the Loan Parties or any senior officer thereof under any criminal statute, or commencement of criminal or civil proceedings
against the Borrower or any of its Subsidiaries or any senior officer thereof, pursuant to which statute or proceedings the penalties
or remedies sought or available include forfeiture to any Governmental Authority of any material portion of the property of the Loan
Parties;

there shall occur one or more ERISA Events that individually or in the aggregate results in, or could reasonably be expected to result
in liability of any Loan Party or any of its ERISA Affiliates in excess of $250,000, or (ii) there exists any fact or circumstance that
could reasonably be expected to result in the imposition of a Lien pursuant to Section 430(k) of the Internal Revenue Code or Section
4068 of ERISA upon the property or rights to property of any Loan Party or any of its ERISA Affiliates;

there shall occur and be continuing any “Event of Default” (or any comparable term) under, and as defined in the documents
evidencing or governing any Subordinated Indebtedness, including (excluding
any Sanders Note), or any Subordination Agreement, including any
Sanders Subordination Agreement, (ii) any of the Obligations for any reason shall cease to be “Senior Indebtedness” or “Designated
Senior Indebtedness” (or any comparable terms) under, and as defined in the documents evidencing or governing any Subordinated
Indebtedness, including the Sanders Notes or any Subordination Agreement, including any Sanders Subordination Agreement, (iii) any Indebtedness
other than the Obligations shall constitute “Senior Indebtedness” or “Designated Senior Indebtedness” (or any
comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Indebtedness, including any Sanders
Note, or any Subordination Agreement, including any Sanders Subordination Agreement, (iv) any holder of Subordinated Indebtedness shall
fail to perform or comply with any of the subordination provisions of the documents evidencing or governing such Subordinated Indebtedness,
including any Sanders Note, or any Subordination Agreement, including any Sanders Subordination Agreement, or (v) the subordination provisions
of the documents evidencing or governing any Subordinated Indebtedness, including any Sanders Note, or any Subordination Agreement, including
any Sanders Subordination Agreement, shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding
and enforceable against any holder of the applicable Subordinated Indebtedness;

a Change of Control shall have occurred;

(r) the
Borrower or any of its Subsidiaries is enjoined, restrained or in any way prevented by the order of any court or any Governmental Authority
from conducting, or otherwise ceases to conduct for any reason whatsoever, all or any material part of its business for a period which
materially and adversely affects the ability of such Person to continue its business on a profitable basis; or

the event the Pledged Promissory Note is not paid in full by January 1, 2026 and, on or before such date, Mr. Jack Ross
has failed to deliver an equity pledge agreement in form and substance satisfactory to the Collateral Agent pledging such number of shares
of the Borrower’s stock with a market value equal to the amount of the outstanding obligations of the Pledged Promissory Note as
of December 31, 2025, as security for the Obligations (which equity pledge shall, for the purpose of clarity, be released upon payment
in full of the Pledged Promissory Note);[reserved];