SEC Filing Document

Company: Synergy CHC Corp.
Ticker: SNYR
CIK: 1562733
Filing Type: S-3
Document Type: EX-4.5
Date Filed: 2025-11-26
Accession Number: 0001213900-25-115554
Exchange: Nasdaq
SIC Code: 2833
SIC Description: Medicinal Chemicals & Botanical Products
URL: https://www.sec.gov/Archives/edgar/data/1562733/000121390025115554/ea026681201ex4-5_synergy.htm

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of the Issuer’s Board of Directors, its president, any vice president, its treasurer, any assistant treasurer, its secretary or any assistant secretary, filed with the Trustee and each conversion agent) on such record date, and of which the denominator shall be such fair market value after deducting therefrom such liabilities and preferences, less the fair market value (as determined by the Board of Directors, whose determination shall be conclusive, and described in a statement filed with the Trustee and each conversion agent) of the assets or evidences of indebtedness, so distributed or of such subscription rights or warrants applicable, so distributed. Such adjustment shall be made successively whenever such a record date is fixed; and in the event that such distribution is not so made, the conversion rate shall again be adjusted to the conversion rate which would then be in effect if such record date had not been fixed.

(d) In case the
Issuer shall, by dividend or otherwise, distribute to all holders of its Capital Stock cash (excluding any dividend or distribution in
connection with the liquidation, dissolution or winding up of the Issuer, whether voluntary or involuntary), then, in such case, unless
the Issuer elects to reserve such cash for distribution to the Holders of the Securities upon the conversion of the Securities so that
any such Holder converting Securities will receive upon such conversion, in addition to the shares of Capital Stock to which such Holder
is entitled, the amount of cash which such Holder would have received if such Holder had, immediately prior to the record date for such
distribution of cash, converted its Securities into Capital Stock, the conversion rate shall be adjusted so that the same shall equal
the rate determined by multiplying the conversion rate in effect immediately prior to the record date by a fraction of which the denominator
shall be the current market price of the Capital Stock (determined as provided in Section 12.05(e)) on the record date less the amount
of cash so distributed (and not excluded as provided above) applicable to one share of Capital Stock and the numerator shall be such current
market price of the Capital Stock (determined as provided in Section 12.05(e)), such adjustment to be effective immediately prior to the
opening of business on the day following the record date; provided, however, that in the event the portion of the cash so distributed
applicable to one share of Capital Stock is equal to or greater than the current market price of the Capital Stock (determined as provided
in Section 12.05(e)) on the record date, in lieu of the foregoing adjustment, adequate provision shall be made so that each Securityholder
shall have the right to receive upon conversion the amount of cash such Holder would have received had such Holder converted each Security
on the record date. If such dividend or distribution is not so paid or made, the conversion rate shall again be adjusted to be the conversion
rate which would then be in effect if such dividend or distribution had not been declared.

(e) For the purpose
of any computation under subsections (b) and (d) above and Section 12.06, the current market price per share of the Capital Stock on any
date as of which such price is to be computed shall mean the average of the Closing Prices for the 30 consecutive Business Days commencing
45 Business Days before such date.

(f) No adjustment
in the conversion rate shall be required unless such adjustment would require a cumulative increase or decrease of at least 1% in such
rate; provided, however, that any adjustments which by reason of this subsection (f) are not required to be made shall be
carried forward and taken into account in any subsequent adjustment; and provided further, that adjustments shall be required and
made in accordance with the provisions of this Article 12 (other than this subsection (f)) not later than such time as may be required
in order to preserve the tax-free nature of a States income tax purposes to the Holders of Securities or the class of Capital Stock into
which such Securities are convertible. All calculations under this Article 12 shall be made to the nearest cent or to the nearest one-thousandth
of a share, as the case may be. Anything in this Section 12.05 to the contrary notwithstanding, the Issuer shall be entitled to make such
adjustments in the conversion rate, in addition to those required by this Section 12.05, as it in its discretion shall determine to be
advisable in order that any stock dividend, subdivision of shares, distribution of rights to purchase stock or securities, or distribution
of securities convertible into or exchangeable for stock hereafter made by the Issuer to its shareholders shall not be taxable for United
States income tax purposes.

(g) Whenever the
conversion rate is adjusted, as herein provided, the Issuer shall promptly file with the Trustee and with the office or agency maintained
by the Issuer for the conversion of Securities of such series pursuant to Section 3.02, a certificate of a firm of independent public
accountants of recognized national standing selected by the Board of Directors (who may be the regular accountants employed by the Issuer)
setting forth the conversion rate after such adjustment and setting forth a brief statement of the facts requiring such adjustment and
a computation thereof. Such certificate shall be conclusive evidence of the correctness of such adjustment. Neither the Trustee nor any
conversion agent shall be under any duty or responsibility with respect to any such certificate or any facts or computations set forth
therein, except to exhibit said certificate from time to time to any Securityholder of such series desiring to inspect the same. The Issuer
shall promptly cause a notice setting forth the adjusted conversion rate to be mailed to the Holders of Securities of such series, as
their names and addresses appear upon the register of the Issuer.

(h) In the event
that at any time, as a result of shares of any other class of Capital Stock becoming issuable in exchange or substitution for or in lieu
of shares of the class of Capital Stock into which such Securities are convertible or as a result of an adjustment made pursuant to subsection
(a) above, the Holder of any Security of such series thereafter surrendered for conversion shall become entitled to receive any shares
of the Issuer other than shares of the class of Capital Stock into which the Issuer of such series are convertible, thereafter the number
of such other shares so receivable upon conversion of any Security shall be subject to adjustment from time to time in a manner and on
terms as nearly equivalent as practicable to the provisions with respect to the class of Capital Stock into which the Securities of such
series are convertible contained in subsections (a) to (f), inclusive, above, and the provisions of this Article 12 with respect to the
class of Capital Stock into which the Securities of such series are convertible shall apply on like terms to any such other shares.

(i) The conversion
rate with respect to any Original Issue Discount Security, the terms of which provide for convertibility, shall not be adjusted during
the term of such Original Issue Discount Security for accrued original issue discount.

(j) In the event
that the Securities of any series are convertible into more than one class of Capital Stock, the provisions of this Section 12.05 shall
apply separately to events affecting each such class.

Section 12.06 No Fractional
Shares to Be Issued. No fractional shares of Capital Stock shall be issued upon conversions of Securities. If more than one Security
of any series shall be surrendered for conversion at one time by the same Holder, the number of full shares which shall be issuable upon
conversion thereof shall be computed on the basis of the aggregate Principal amount of the Securities of such series (or specified portions
thereof to the extent permitted hereby) so surrendered. Instead of a fraction of a share of Capital Stock which would otherwise be issuable
upon conversion of any Security or Securities (or specified portions thereof), the Issuer shall pay a cash adjustment in respect of such
fraction of a share in an amount equal to the same fractional interest of the current market price (as defined in Section 12.05) per share
of Capital Stock on the Business Day next preceding the day of conversion.