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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of another secured party) and each Agent and each Lender hereby acknowledges that it holds possession of or otherwise controls any such Collateral for the benefit of the Agents and the Lenders as secured party. Should the Administrative Agent or any Lender obtain possession or control of any such Collateral, the Administrative Agent or such Lender shall notify the Collateral Agent thereof, and, promptly upon the Collateral Agent’s request therefor shall deliver such Collateral to the Collateral Agent or in accordance with the Collateral Agent’s instructions. In addition, the Collateral Agent shall also have the power and authority hereunder to appoint such other sub-agents as may be necessary or required under applicable state law or otherwise to perform its duties and enforce its rights with respect to the Collateral and under the Loan Documents. Each Loan Party by its execution and delivery of this Agreement hereby consents to the foregoing.

Section 9.10. No Reliance
on any Agent’s Customer Identification Program. Each Lender acknowledges and agrees that neither such Lender, nor any of
its Affiliates, participants or assignees, may rely on any Agent to carry out such Lender’s, Affiliate’s, participant’s
or assignee’s customer identification program, or other requirements imposed by the USA PATRIOT Act or the regulations issued thereunder,
including the regulations set forth in 31 C.F.R. §§ 1010.100(yy), (iii), 1020.100, and 1020.220 (formerly, 31 C.F.R. § 103.121),
as hereafter amended or replaced (“CIP Regulations”), or any other Anti-Money Laundering Laws, including any programs
involving any of the following items relating to or in connection with any of the Loan Parties, their Affiliates or their agents, the
Loan Documents or the transactions hereunder or contemplated hereby: (1) any identity verification procedures, (2) any recordkeeping,
(3) comparisons with government lists, (4) customer notices or (5) other procedures required under the CIP Regulations or other
regulations issued under the USA PATRIOT Act. Each Lender, Affiliate, participant or assignee subject to Section 326 of the USA PATRIOT
Act will perform the measures necessary to satisfy its own responsibilities under the CIP Regulations.

Section 9.11. No Third-Party
Beneficiaries. The provisions of this Article are solely for the benefit of the Secured
Parties, and no Loan Party shall have rights as a third-party beneficiary of any of such provisions.

Section 9.12. No
Fiduciary Relationship. It is understood and agreed that the use of the
term “agent” herein or in any other Loan Document (or any other similar term) with reference to any Agent is not
intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law.
Instead, such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship
between contracting parties.

Section 9.13. Reports;
Confidentiality; Disclaimers. By becoming a party to this Agreement, each
Lender:

deemed to have requested that each Agent furnish such Lender, promptly after it becomes available, a copy of each field audit or examination
report with respect to the Borrower or any of its Subsidiaries (each, a “Report”) prepared by or at the request of
such Agent, and each Agent shall so furnish each Lender with each such Report;

(b) expressly
agrees and acknowledges that the Agents (i) do not make any representation or warranty as to the accuracy of any Reports, and (ii) shall
not be liable for any information contained in any Reports;

(c) expressly
agrees and acknowledges that the Reports are not comprehensive audits or examinations, that any Agent or other party performing any audit
or examination will inspect only specific information regarding the Borrower and its Subsidiaries and will rely significantly upon the
Borrower’s and its Subsidiaries’ books and records, as well as on representations of their personnel;

(d) agrees
to keep all Reports and other material, non-public information regarding the Borrower and its Subsidiaries and their operations, assets,
and existing and contemplated business plans in a confidential manner in accordance with Section 11.19; and

(e) without
limiting the generality of any other indemnification provision contained in this Agreement, agrees: (i) to hold any Agent and any other
Lender preparing a Report harmless from any action the indemnifying Lender may take or fail to take or any conclusion the indemnifying
Lender may reach or draw from any Report in connection with any loans or other credit accommodations that the indemnifying Lender has
made or may make to the Borrower, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of,
a loan or loans of the Borrower, and (ii) to pay and protect, and indemnify, defend and hold any Agent and any other Lender preparing
a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including, attorneys’
fees and costs) incurred by any such Agent and any such other Lender preparing a Report as the direct or indirect result of any third
parties who might obtain all or part of any Report through the indemnifying Lender.

Section 9.14. Collateral
Custodian. Upon the occurrence and during the continuance of any Default or Event of Default, the Collateral Agent or its designee
may at any time and from time to time employ and maintain on the premises of any Loan Party a custodian selected by the Collateral Agent
or its designee who shall have full authority to do all acts necessary to protect the Agents’ and the Lenders’ interests.
Each Loan Party hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Collateral
Agent or its designee may reasonably request to preserve the Collateral. All costs and expenses incurred by the Collateral Agent or its
designee by reason of the employment of the custodian shall be the responsibility of the Borrower and charged to the Loan Account.

Section 9.15. Collateral
Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding
relative to any Loan Party, the Collateral Agent (irrespective of whether the principal of any Loan shall then be due and payable as
herein expressed or by declaration or otherwise and irrespective of whether any Agent shall have made any demand on the Borrower) shall
be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise:

file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations
that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Secured
Parties (including any claim for the compensation, expenses, disbursements and advances of the Secured Parties and their respective agents
and counsel and all other amounts due the Secured Parties hereunder and under the other Loan Documents) allowed in such judicial proceeding;
and

collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Secured Party to make
such payments to the Collateral Agent and, in the event that the Collateral Agent shall consent to the making of such payments directly
to the Secured Parties, to pay to the Collateral Agent any amount due for the reasonable compensation, expenses, disbursements and advances
of the Collateral Agent and its agents and counsel, and any other amounts due the Collateral Agent hereunder and under the other Loan
Documents.

Section 9.16. Erroneous
Distribution. If all or any part of any payment or other distribution by or on behalf of any Agent to the Borrower, any Lender,
or any other Person is determined by such Agent in its sole discretion to have been made in error as determined by such Agent (any such
payment or other distribution, an “Erroneous Distribution”), then the relevant Borrower, Lender, or other Person shall
forthwith on written demand (accompanied by a reasonably detailed calculation of such Erroneous Distribution) repay to such Agent the
amount of such Erroneous Distribution received by such Person. Any determination by any Agent, in its sole discretion, that all or a portion
of any payment or other distribution to the Borrower, any Lender, or any other Person was an Erroneous Distribution shall be conclusive
absent manifest error. The Borrower, each Lender, and each other potential recipient of an Erroneous Distribution hereunder waives any
claim of discharge for value and any other claim of entitlement to, or in respect of, any Erroneous Distribution.

Article

GUARANTY