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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warranty shall be true and correct on and as of such earlier date), (ii) at the time of and after giving effect to the making of such Loan and the application of the proceeds thereof, no Default or Event of Default has occurred and is continuing or would result from the making of the Loan to be made on such date and (iii) the conditions set forth in this Section 5.2 have been satisfied as of the date of such request. (c) Legality. The making of such Loan shall not contravene any law, rule or regulation applicable to any Secured Party. Notices. The Administrative Agent shall have received a Notice of Borrowing pursuant to Section 2.2. (e) Additional Conditions for Delayed Draw Term Loan. The proceeds of the Delayed Draw Term Loan will be used to repay in full the outstanding obligations of the Borrower under the Atrium Settlement Agreement.

Section
5.3. Conditions Subsequent to Effectiveness. As an accommodation to the Loan Parties, the Agents and the Lenders have agreed
to execute this Agreement and to make the Loans on the Effective Date notwithstanding the failure by the Loan Parties to satisfy the
conditions set forth below on or before the Effective Date. In consideration of such accommodation, the Loan Parties agree that, in addition
to all other terms, conditions and provisions set forth in this Agreement and the other Loan Documents, including, without limitation,
those conditions set forth in Section 5.1, the Loan Parties shall satisfy each of the conditions subsequent set forth below on or before
the date applicable thereto (it being understood that (i) the failure by the Loan Parties to perform or cause to be performed any such
condition subsequent on or before the date applicable thereto shall constitute an Event of Default and (ii) to the extent that the existence
of any such condition subsequent would otherwise cause any representation, warranty or covenant in this Agreement or any other Loan Document
to be breached, the Required Lenders hereby waive such breach for the period from the Effective Date until the date on which such condition
subsequent is required to be fulfilled pursuant to this Section 5.3):

(a) within
ten (10) Business Days after the Effective Date (or such longer period as the Collateral Agent may agree in its sole discretion), to
the extent not delivered by the Effective Date, deliver to the Collateral Agent the deliverables relating to Pledged Interests (as defined
in the Security Agreement) required pursuant to Section 4(a) of the Security Agreement;

(b) within
ten (10) days after the Effective Date (or such longer period as the Agents may agree in their sole discretion), to the extent not delivered
by the Effective Date, deliver to the Collateral Agent the evidence of insurance required pursuant to Section 5.1(d)(xx);

(c) within
thirty (30) days after the Effective Date (or such longer period as the Collateral Agent may agree in its sole discretion), to the extent
not delivered by the Effective Date, deliver to the Collateral Agent all landlord waivers and collateral access agreements, as the case
may be, required pursuant to Section 5.1(d)(xxi);

(d) within
thirty (30) days after the Effective Date (or such longer period as the Collateral Agent may agree in its sole discretion), to the extent
not delivered by the Effective Date, deliver to the Collateral Agent all Control Agreements required pursuant to Section 5.1(d)(xxii);

(e) within
five (5) Business Days after the Effective Date (or such longer period as the Agents may agree in their sole discretion), deliver to
the Agents a consent, in form and substance reasonably satisfactory to the Agents, providing that, notwithstanding any term, condition
or restriction set forth in the Knight Agreement, Knight consents to (i) the grant of the security interests in and Liens on the Collateral
(including the Intellectual Property associated with the Licensed Products (as defined in the Knight Agreement)) in favor the Secured
Parties pursuant to the Loan Documents, and (ii) the exercise by any of the Secured Parties of their rights and remedies under the Loan
Documents and applicable law with respect to the Collateral, including, without limitation, any foreclosure, sale, transfer or other
enforcement right of or with respect to the Collateral; provided that any such sale or transfer of the Intellectual Property associated
with the Licensed Products shall be made subject to the license granted in favor of Knight pursuant to the Knight Agreement;

(f) within
ten (10) Business Days after the Effective Date (or such longer period as the Agents may agree in their sole discretion), deliver to
the Agents (i) evidence that Hand MD Corp. has been reinstated and is in good standing with the Delaware Secretary of State and (ii)
executed copies of such agreements, instruments and other documents required by Section 7.1(b), in each case with respect to the foregoing
clauses (i) and (ii), in form and substance satisfactory to the Agents;

(g) within
five (5) Business Days after the Effective Date (or such longer period as the Collateral Agent may agree in its sole discretion), deliver
evidence satisfactory to the Agents that the Canadian Guarantor has filed the required registration under the Extra-Provincial Corporations
Act (Ontario), to the extent required under applicable law; and

(h) within
five (5) Business Days after the Effective Date (or such longer period as the Collateral Agent may agree in its sole discretion), deliver
to the Collateral Agent evidence of the filing of a UCC-3 termination statement with respect to the UCC-1 financing statement (Initial
Filing Number 2024402520-9) filed on May 1, 2024 with the Nevada Secretary of State by Middesk, Inc. as secured party against the Borrower
as debtor; and

(i) within
five (5) Business Days after the Effective Date (or such longer period as the Collateral Agent may agree in its sole discretion), deliver
evidence satisfactory to the Agents that the Borrower has filed the required transfer of all Registered Intellectual Property in the
name of any predecessor in interest with CIPO or the United States Patent and Trademark Office, as applicable, and with respect to such
Registered Intellectual Property in the United States, an executed Intellectual Property Security Agreement to be filed with the United
States Patent and Trademark Office and, forthwith upon receipt of confirmation from CIPO and the United States Patent and Trademark Office
that such Registered Intellectual Property was successfully transferred to the Borrower, evidence of such completed transfers, provided
further that the Collateral Agent shall thereafter be irrevocably authorized and directed to register its security interest in such Registered
Intellectual Property with CIPO in accordance with the Canadian Security Documents and to complete any and all ancillary documents in
connection therewith.

ARTICLE

REPRESENTATIONS
AND WARRANTIES

Section
6.1. Representations and Warranties. Each Loan Party hereby represents and warrants to the Secured Parties as follows:

(a) Organization,
Good Standing, Etc. Each Loan Party (i) is a corporation, limited liability company or limited partnership duly organized, validly
existing and in good standing under the laws of the state or jurisdiction of its organization, (ii) has all requisite power and authority
to conduct its business as now conducted and as presently contemplated and, in the case of the Borrower, to make the borrowings hereunder,
and to execute and deliver each Loan Document to which it is a party, and to consummate the transactions contemplated thereby, and (iii)
is duly qualified to do business and is in good standing in each jurisdiction in which the character of the properties owned or leased
by it or in which the transaction of its business makes such qualification necessary, except (solely for the purposes of this subclause
(iii)) where the failure to be so qualified and in good standing could not reasonably be expected to have a Material Adverse Effect.

(b) Authorization,
Etc. The execution, delivery and performance by each Loan Party of each Loan Document to which it is or will be a party, (i) have
been duly authorized by all necessary action, (ii) do not and will not contravene (A) any of its Governing Documents, (B) any applicable
Requirement of Law or (C) any material Contractual Obligation binding on or otherwise affecting it or any of its properties (including
the Material Contracts) by which such Loan Party is bound, (iii) do not and will not result in or require the creation of any Lien (other
than pursuant to any Loan Document) upon or with respect to any of its properties, and (iv) do not and will not result in any default,
noncompliance, suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable
to its operations or any of its properties, except, in the case of clauses (ii)(B), (ii)(C) and (iv), to the extent where such contravention,
default, noncompliance, suspension, revocation, impairment, forfeiture or nonrenewal could not reasonably be expected to have a Material
Adverse Effect.