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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as from time to time amended, restated, amended and restated, supplemented or otherwise modified (subject to any restrictions on such amendments, restatements, amendments and restatements, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any right or interest in or to assets and properties of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible.

Section 1.3. Certain
Matters of Construction. References in this Agreement to “determination” by any Agent include good faith estimates
by such Agent (in the case of quantitative determinations) and good faith beliefs by such Agent (in the case of qualitative determinations).
A Default or Event of Default shall be deemed to exist at all times during the period commencing on the date that such Default or Event
of Default occurs to the date on which such Default or Event of Default is waived in writing pursuant to this Agreement or, in the case
of a Default, is cured within any period of cure expressly provided for in this Agreement; and an Event of Default shall “continue”
or be “continuing” until such Event of Default has been waived in writing by the Required Lenders. Any Lien referred to in
this Agreement or any other Loan Document as having been created in favor of any Agent, any agreement entered into by any Agent pursuant
to this Agreement or any other Loan Document, any payment made by or to or funds received by any Agent pursuant to or as contemplated
by this Agreement or any other Loan Document, or any act taken or omitted to be taken by any Agent, shall, unless otherwise expressly
provided, be created, entered into, made or received, or taken or omitted, for the benefit or account of the Agents and the Lenders.
Wherever the phrase “to the knowledge of any Loan Party” or words of similar import relating to the knowledge or the awareness
of any Loan Party are used in this Agreement or any other Loan Document, such phrase shall mean and refer to (i) the actual knowledge
of a senior officer of any Loan Party or (ii) the knowledge that a senior officer would have obtained if such officer had engaged in
good faith and diligent performance of such officer’s duties, including the making of such reasonably specific inquiries as may
be necessary of the employees or agents of such Loan Party and a good faith attempt to ascertain the existence or accuracy of the matter
to which such phrase relates. All covenants hereunder shall be given independent effect so that if a particular action or condition is
not permitted by any of such covenants, the fact that it would be permitted by an exception to, or otherwise within the limitations of,
another covenant shall not avoid the occurrence of a default if such action is taken or condition exists. In addition, all representations
and warranties hereunder shall be given independent effect so that if a particular representation or warranty proves to be incorrect
or is breached, the fact that another representation or warranty concerning the same or similar subject matter is correct or is not breached
will not affect the incorrectness of a breach of a representation or warranty hereunder.

Section 1.4. Accounting
and Other Terms.

(a) Unless
otherwise expressly provided herein, each accounting term used herein shall have the meaning given it under GAAP. For purposes of determining
compliance with any incurrence or expenditure tests set forth in Section 7.1, 7.2 and 7.3, any amounts so incurred or expended (to the
extent incurred or expended in a currency other than Dollars) shall be converted into Dollars on the basis of the exchange rates (as shown
on the Bloomberg currency page for such currency or, if the same does not provide such exchange rate, by reference to such other publicly
available service for displaying exchange rates as may be reasonably selected by the Agents or, in the event no such service is selected,
on such other basis as is reasonably satisfactory to the Agents) as in effect on the date of such incurrence or expenditure under any
provision of any such Section that has an aggregate Dollar limitation provided for therein (and to the extent the respective incurrence
or expenditure test regulates the aggregate amount outstanding at any time and it is expressed in terms of Dollars, all outstanding amounts
originally incurred or spent in currencies other than Dollars shall be converted into Dollars on the basis of the exchange rates (as shown
on the Bloomberg currency page for such currency or, if the same does not provide such exchange rate, by reference to such other publicly
available service for displaying exchange rates as may be reasonably selected by the Agents or, in the event no such service is selected,
on such other basis as is reasonably satisfactory to the Agents) as in effect on the date of any new incurrence or expenditures made under
any provision of any such Section that regulates the Dollar amount outstanding at any time). Notwithstanding the foregoing, (i) with respect
to the accounting for leases as either operating leases or capital leases and the impact of such accounting in accordance with FASB ASC
842 on the definitions and covenants herein, GAAP as in effect on December 31, 2018 shall be applied, (ii) for purposes of determining
compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Borrower and
its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and
FASB ASC 470-20 on financial liabilities shall be disregarded and (iii) with respect to revenue recognition and the impact of such accounting
in accordance with FASB ASC 606 on the definitions and covenants herein, GAAP as in effect on December 31, 2017 shall be applied.

(b) All
terms used in this Agreement which are defined in Article 8 or 9 of the Uniform Commercial Code as in effect from time to time in the
State of New York (the “UCC” or “Uniform Commercial Code”) and which are not otherwise defined herein
shall have the same meanings herein as set forth therein; provided that terms used herein which are defined in the Uniform Commercial
Code as in effect in the State of New York on the date hereof shall continue to have the same meaning notwithstanding any replacement
or amendment of such statute, except as any Agent may otherwise determine.

Section 1.5. Pro
Forma Calculations.

In connection with the calculation
of any ratio or other financial covenant hereunder (including any component definitions thereof) on a “pro forma basis”, or
giving “pro forma effect” to compliance of any transaction for a particular period:

(a) the
incurrence, repayment or retirement of any Indebtedness by such Person and its Subsidiaries since the first day of such period shall be
deemed to have been incurred, repaid or retired on the first day of such period; provided that (i) interest on Indebtedness bearing a
floating interest rate will be computed as if the rate at the time of computation had been the applicable rate for the entire period,
(ii) if such Indebtedness bears, at the option of such Person and its Subsidiaries, a fixed or floating rate of interest, interest thereon
will be computed by applying, at the option of such Person, either the fixed or floating rate and (iii) the amount of Indebtedness under
a revolving credit facility will be computed based upon the average daily balance of such Indebtedness during such period; and

(b) the
Acquisition (whether by purchase, merger or otherwise) or Disposition (whether by sale, merger or otherwise) of any property or assets
acquired or disposed of by such Person and its Subsidiaries since the first day of such period shall be deemed to have occurred on the
first day of such period.