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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during such measurement period. “Exchange Act” means the Securities Exchange Act of 1934, as amended. “Excluded Account” means any (a) deposit account specifically and exclusively used for payroll, payroll Taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees, (b) zero balance accounts which are swept into a Controlled Account (both before and after giving effect to any exercise of cash dominion or control over such Controlled Account), and (c) other deposit accounts with funds on deposit averaging less than $100,000; provided, however, that if, as of the last Business Day of any calendar month, the balance in any such deposit account described in this clause (c) exceeds $50,000, then the Loan Parties shall, within five (5) Business Days after the end of such month, transfer or cause to be transferred the portion of such excess above $50,000 to a Controlled Account.

“Excluded
Equity Issuance” means (a) in the event that the Borrower or any of its Subsidiaries forms any Subsidiary in accordance with
this Agreement, the issuance by such Subsidiary of Equity Interests to the Borrower or such Subsidiary, as applicable, (b) the issuance
of Equity Interests by the Borrower to any Person that is an equity holder of the Borrower prior to such issuance (an “Equity
Holder”) so long as (i) such Equity Holder did not acquire any Equity Interests of the Borrower so as to become an Equity Holder
concurrently with, or in contemplation of, the issuance of such Equity Interests to such Equity Holder and (ii) such issuance does not
result in the receipt of cash proceeds by the Borrower or any of its Subsidiaries, (c) the issuance of Equity Interests of the Borrower
to directors, officers and employees of the Borrower and its Subsidiaries pursuant to employee stock option plans (or other employee
incentive plans or other compensation arrangements) approved by the Board of Directors of the Borrower, and in each case in accordance
with this Agreement, and (d) the issuance of Equity Interests by a Subsidiary of the Borrower to its parent or member in connection with
the contribution by such parent or member to such Subsidiary of the proceeds of an issuance described in clauses (a) – (c) above.

“Excluded
Subsidiary” means any Foreign Subsidiary which is not organized or incorporated in a Qualified Jurisdiction and which is a
“controlled foreign corporation” as defined under Section 957 of the Internal Revenue Code (“CFC”); provided
that immediately upon the effectiveness of any amendment of the Internal Revenue Code to allow any such Person described herein to guarantee
the Obligations, without material adverse tax consequences to the Borrower and its Subsidiaries, such Person shall not be an Excluded
Subsidiary and (unless the Collateral Agent consents otherwise in writing), shall execute and deliver the agreements, instruments and
other documents required by Section 7.1(b).

“Excluded
Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of
the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any guarantee
thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission
(or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason not to constitute
an “eligible contract participant” as defined in the Commodity Exchange Act at the time the guarantee of such Guarantor becomes
effective with respect to such related Swap Obligation.

“Excluded
Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from
a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes,
in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the
case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof)
or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or
for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date
on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower
under Section 2.12(b)) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.9,
amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party
hereto or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to
comply with Section 2.9(d) and (d) any withholding Taxes imposed under FATCA.

“Executive
Order No. 13224” means the Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001, as the same has
been, or shall hereafter be, renewed, extended, amended or replaced.

“Extraordinary
Receipts” means any cash received by the Borrower or any of its Subsidiaries not in the ordinary course of business (and not
consisting of proceeds described in Section 2.5(c)(ii) or (iii)), including, without limitation, (a) foreign, United States, state or
local Tax refunds, (b) pension plan reversions, (c) proceeds of insurance (other than to the extent such insurance proceeds are (i) immediately
payable to a Person that is not the Borrower or any of its Subsidiaries in accordance with applicable Requirements of Law or with Contractual
Obligations entered into in the ordinary course of business or (ii) proceeds of business interruption insurance to the extent such proceeds
constitute compensation for lost earnings), (d) judgments, proceeds of settlements or other consideration of any kind in connection with
any cause of action, (e) condemnation awards (and payments in lieu thereof), (f) indemnity payments (other than to the extent such indemnity
payments are immediately payable to a Person that is not an Affiliate of the Borrower or any of its Subsidiaries) and (g) any purchase
price adjustment received in connection with any purchase agreement.

“Facility”
means the real property owned or leased by a Loan Party and identified on Schedule 6.1(o) and any New Facility hereafter acquired by
the Borrower or any of its Subsidiaries, including, without limitation, in the case of a fee interest, the land on which each such facility
is located, all buildings and other improvements thereon, and all fixtures located thereat or used in connection therewith.

“Fair
Share” has the meaning specified therefor in Section 10.6.

“Fair
Share Contribution Amount” has the meaning specified therefor in Section 10.6.

“FASB
ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board.

“FATCA”
means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations
thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code and any fiscal, Tax or regulatory legislation,
rules or official practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of
Sections 1471 through 1474 of the Internal Revenue Code and the Treasury Regulations thereunder.

“FCPA”
has the meaning specified therefor in the definition of “Anti-Corruption Laws”.

“Federal
Funds Rate” means, for any period, a fluctuating interest rate per annum equal to, for each day during such period, the weighted
average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers,
as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any
day which is a Business Day, the average of the quotations for such day on such transactions received by the Administrative Agent from
three federal funds brokers of recognized standing selected by it.

“Fee
Letter” means the amended and restated fee letter, dated
as of the date hereofMarch
24, 2026, among the Loan Parties and the AgentsAdministrative
Agent.

“Financial
Statements” means (a) the audited consolidated balance sheet of the Borrower and its Subsidiaries for the Fiscal Years ended
December 31, 2023 and December 31, 2024, and the related consolidated statement of operations, shareholders’ equity and cash flows
for the Fiscal Years then ended, and (b) the unaudited consolidated balance sheet of the Borrower and its Subsidiaries for the three
months ended March 31, 2025, and the related consolidated statement of operations, shareholder’s equity and cash flows for such
period.

“Fiscal
Year” means the fiscal year of the Borrower and its Subsidiaries ending on December 31 of each year.