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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both, would result in the suspension, revocation, impairment, forfeiture or non-renewal of any such permit, license, authorization, approval, entitlement or accreditation, and there is no claim that any thereof is not in full force and effect. (o) Properties. (i) Each Loan Party owns (with good and marketable title in the case of owned real property, subject only to the matters permitted by the following sentence), or has valid leasehold interests in or valid licenses to use, all property and assets material to its business, free and clear of all Liens except Permitted Liens and minor defects in title to the extent such defects do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes, in each case, in any material respect. All such property and assets are generally in good operating order and condition, ordinary wear and tear excepted.

(ii) Schedule
6.1(o) sets forth a complete and accurate list, as of the Effective Date, of the address of each Facility owned or leased by each Loan
Party, and identifies the interest (fee or leasehold) of such Loan Party therein. As of the Effective Date, each Loan Party has valid
leasehold interests in the Leases described on Schedule 6.1(o) to which it is a party. True, complete and correct copies of each such
Lease have been made available to the Administrative Agent on or prior to the Effective Date except as otherwise set forth on Schedule
6.1(o). As of the Effective Date, each such Lease is valid and enforceable in accordance with its terms in all material respects and is
in full force and effect subject to laws affecting the enforcement of creditors’ rights generally and by general principles of equity.
To the knowledge of each Loan Party, no consent or approval of any landlord or other third party in connection with any such Lease is
necessary for any Loan Party to enter into and execute the Loan Documents to which it is a party, except as set forth on Schedule 6.1(o).
Except as set forth on Schedule 6.1(o), to the knowledge of any Loan Party, as of the Effective Date, (A) no other party to any such Lease
is in default of its material obligations thereunder, (B) no Loan Party (or any other party to any such Lease) has at any time delivered
or received any notice of material default which remains uncured under any such Lease and (C) no event has occurred which, with the giving
of notice or the passage of time or both, would constitute a material default under any such Lease.

(p) Employee
and Labor Matters. Except as set forth on Schedule 6.1(p), (i) each Loan Party and its Subsidiaries is in compliance with all Requirements
of Law in all material respects pertaining to employment and employment practices, terms and conditions of employment, wages and hours,
and occupational safety and health, (ii) no Loan Party or any Subsidiary is party to any collective bargaining agreement, nor has any
labor union been recognized as the representative of the employees of any Loan Party of Subsidiary, (iii) there is no unfair labor practice
complaint pending or, to the best knowledge of any Loan Party, threatened against any Loan Party or any Subsidiary before any Governmental
Authority and no grievance or arbitration proceeding pending or threatened against any Loan Party or any Subsidiary which arises out of
or under any collective bargaining agreement, (iv) there has been no strike, work stoppage, slowdown, lockout, or other labor dispute
pending or threatened against any Loan Party or any Subsidiary, and (v) to the best knowledge of each Loan Party, no labor organization
or group of employees has made a pending demand for recognition or certification, and there are no representation or certification proceedings
or petitions seeking a representation proceeding presently pending or threatened to be brought or filed, with the National Labor Relations
Board or any other labor relations tribunal or authority. No Loan Party or Subsidiary has incurred any liability or obligation under the
Worker Adjustment and Retraining Notification Act (“WARN”) or any similar Requirement of Law, which remains unpaid
or unsatisfied. All material payments due from any Loan Party or Subsidiary on account of wages and employee health and welfare insurance
and other benefits have been paid or accrued as a liability on the books of such Loan Party or Subsidiary.

(q) Environmental
Matters. Except as set forth on Schedule 6.1(q) hereto, (i) no Loan Party or any of its Subsidiaries is in violation of any Environmental
Law, (ii) each Loan Party and its Subsidiaries has, and is in compliance with, all Environmental Permits for its respective operations
and businesses, except to the extent any failure to have or be in compliance therewith could not reasonably be expected to have a Material
Adverse Effect, (iii) there has been no Release of Hazardous Materials at any properties currently or formerly owned, leased or operated
by any Loan Party, its Subsidiaries or a respective predecessor in interest or at any disposal or treatment facility which received Hazardous
Materials generated by any Loan Party, its Subsidiaries or any respective predecessor in interest, which in any case of the foregoing
could reasonably be expected to have a Material Adverse Effect, (iv) there are no pending or threatened Environmental Claims against,
or Environmental Liability of, any Loan Party, its Subsidiaries or any respective predecessor in interest that could reasonably be expected
to have a Material Adverse Effect, (v) neither any Loan Party nor any of its Subsidiaries is performing or responsible for any Remedial
Action that could reasonably be expected to have a Material Adverse Effect, and (vi) the Loan Parties have provided to the Collateral
Agent and Lenders true and complete copies of all material environmental reports, audits and investigations in the possession or control
of any Loan Party or any of its Subsidiaries with respect to the operations and business of the Loan Parties and its Subsidiaries.

(r) Insurance.
Each Loan Party maintains all insurance required by Section 7.1(h). Schedule 6.1(r) sets forth a list of all such insurance maintained
by or for the benefit of each Loan Party on the Effective Date.

(s) Use
of Proceeds. The proceeds of the Initial Term Loans shall be used to (a) pay the Effective Date Payoff Debt, (b) pay the Transaction
Costs, and (c) for general corporate purposes of the Borrower. The proceeds of the Delayed Draw Term Loan will be used to repay in full
the outstanding obligations of the Borrower under each of the Atrium Settlement Agreement and the Vitabest Settlement Agreement.

(t) Solvency.
After giving effect to the transactions contemplated by this Agreement and before and after giving effect to each Loan, each Loan Party
is, and the Loan Parties on a consolidated basis are, Solvent. No transfer of property is being made by any Loan Party and no obligation
is being incurred by any Loan Party in connection with the transactions contemplated by this Agreement or the other Loan Documents with
the intent to hinder, delay or defraud either present or future creditors of such Loan Party.

(u) Location
of Deposit, Securities and Commodities Accounts. Schedule 6.1(u) sets forth a complete and accurate list as of the Effective Date
of all deposit accounts, all securities, commodities and other accounts maintained with any financial institution, securities intermediary
or broker dealer and all other similar accounts maintained by each Loan Party, together with a brief description thereof (i.e., the name
and address of the financial institution, intermediary or broker dealer at which such deposit or other account is maintained, the account
number, the purpose thereof and whether such account is (or will be) subject to a Control Agreement or is an Excluded Account).