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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to any Person, each debtor, customer or obligor in any way obligated on or in connection with any Account of such Person. “ACP” has the meaning specified therefor in the preamble to this Agreement. “Acquisition” means the acquisition (whether by means of a merger, consolidation or otherwise) of all of the Equity Interests of any Person or all or substantially all of the assets of any Person or any division or business line of any other Person. “Action” has the meaning specified therefor in Section 11.12. “Administrative Agent” has the meaning specified therefor in the preamble to this Agreement. “Administrative Agent’s Account” means an account at a bank designated by the Administrative Agent from time to time as the account into which the Loan Parties shall make all payments to the Administrative Agent for the benefit of the Agents and the Lenders under this Agreement and the other Loan Documents.

“Affiliate”
means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries, controls, is controlled
by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power,
directly or indirectly, either to (a) vote 10% or more of the Equity Interests having ordinary voting power for the election of members
of the Board of Directors of such Person or (b) direct or cause the direction of the management and policies of such Person whether by
contract or otherwise. Notwithstanding anything herein to the contrary, in no event shall any Agent or any Lender be considered an “Affiliate”
of any Loan Party.

“Agent” and
“Agents” have the respective meanings specified therefor in the preamble to this Agreement

“Agent Advances”
has the meaning specified therefor in Section 9.8(a).

“Aggregate Payments”
has meaning specified therefor in Section 10.6.

“Agreement”
means this Term Loan Credit Agreement, including all amendments, restatements, amendments and restatements, modifications and supplements
and any exhibits or schedules to any of the foregoing, and shall refer to this Agreement as the same may be in effect at the time such
reference becomes operative.

“Anti-Corruption Laws”
means all Requirements of Law concerning or relating to bribery or corruption, including, without limitation, the United States Foreign
Corrupt Practices Act of 1977, as amended (the “FCPA”), the UK Bribery Act of 2010, and the anti-bribery and anti-corruption
laws and regulations of those jurisdictions in which the Loan Parties do business.

“Anti-Money Laundering
Laws” means all Requirements of Law concerning or relating to terrorism or money laundering, including, without limitation,
the Money Laundering Control Act of 1986 (18 U.S.C. §§ 1956-1957), the USA PATRIOT Act and the Currency and Foreign Transactions
Reporting Act (also known as the “Bank Secrecy Act”, 31 U.S.C. §§ 5311-5332 and 12 U.S.C. §§ 1818(s),
1820(b) and §§ 1951-1959) and the rules and regulations thereunder, and any law prohibiting or directed against the financing
or support of terrorist activities (e.g., 18 U.S.C. §§ 2339A and 2339B), and the anti-terrorism and anti-money laundering
laws and regulations of those jurisdictions in which the Loan Parties do business.

“Applicable Margin”
means, as of any date of determination, with respect to the interest rate of (a) any Reference Rate Loan or any portion thereof, 7.50%
per annum, and (b) any Term SOFR Rate Loan or any portion thereof, 8.50% per annum.

“Applicable Premium”
means as of the date of the occurrence of an Applicable Premium Trigger Event:

(i) during
the period from and after the Effective Date up to and including the date that is the first anniversary of the Effective Date (the “First
Period”), an amount equal to the greater of (A) the aggregate amount of interest (including interest payable in cash, in kind
or deferred) which would have otherwise been payable on the amount of all Obligations (other than the Applicable Premium) outstanding
on the date of such Applicable Premium Trigger Event from such date until the date that is the first anniversary of the Effective Date,
and (B) 3.0% times the aggregate amount of the outstanding principal amount of the Term Loan on the date of such Applicable Premium Trigger
Event;

(ii) during
the period after the first anniversary of the Effective Date up to and including the date that is the second anniversary of the Effective
Date (the “Second Period”), an amount equal to 2.0% times the aggregate amount of the outstanding principal amount
of the Term Loan on the date of such Applicable Premium Trigger Event;

(iii) during
the period after the second anniversary of the Effective Date up to and including the date that is the third anniversary of the Effective
Date (the “Third Period”), an amount equal to 1.0% times the aggregate amount of the outstanding principal amount of
the Term Loan on the date of such Applicable Premium Trigger Event; and

(iv) thereafter,
zero.

“Applicable Premium
Trigger Event” means:

(a) any
payment by any Loan Party of all, or any part, of the principal balance of any Term Loan for any reason (including, without limitation,
any optional prepayment or mandatory prepayment (other than (x) any regularly scheduled quarterly amortization payment made pursuant to
Section 2.3(a) and (y) any mandatory prepayment required pursuant to Sections 2.5(c)(i), 2.5(c)(iv), 2.5(c)(v) and 2.5(c)(vii)) whether
before or after (i) the occurrence of an Event of Default, or (ii) the commencement of any Insolvency Proceeding, and notwithstanding
any acceleration (for any reason) of the Obligations;

(b) the
acceleration of the Obligations for any reason, including, without limitation, acceleration in accordance with Section 8.1, including
as a result of the commencement of an Insolvency Proceeding;

(c) the
satisfaction, release, payment, restructuring, reorganization, replacement, reinstatement, defeasance or compromise of any of the Obligations
in any Insolvency Proceeding, foreclosure (whether by power of judicial proceeding or otherwise) or deed in lieu of foreclosure or the
making of a distribution of any kind in any Insolvency Proceeding to any Agent for the account of the Lenders in full or partial satisfaction
of the Obligations; or

(d) the
termination of this Agreement for any reason.

“ASPE” means
Accounting Standards for Private Enterprises.

“Assignment and Acceptance”
means an assignment and acceptance entered into by an assigning Lender and an assignee, and accepted by the Collateral Agent (and the
Administrative Agent, if applicable), in accordance with Section 11.7 and substantially in the form of Exhibit D or such other
form acceptable to the Collateral Agent.

“Atrium Settlement
Agreement” means that certain Confidential Settlement Agreement and Mutual General Release, dated effective as of December 28,
2023, by and between the Borrower and HVL, LLC d/b/a Atrium Innovations.

“Authorized Officer”
means, with respect to any Person, the chief executive officer, chief operating officer, chief financial officer, treasurer or other financial
officer performing similar functions, president or executive vice president of such Person.

“Available Tenor”
means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (x) if such Benchmark is a term
rate, any tenor for such Benchmark (or component thereof) that is or may be used for determining the length of an interest period pursuant
to this Agreement or (y) otherwise, any payment period for interest calculated with reference to such Benchmark (or component thereof)
that is or may be used for determining any frequency of making payments of interest calculated with reference to such Benchmark pursuant
to this Agreement, in each case, as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed
from the definition of “Interest Period” pursuant to Section 2.7(e).

“Bankruptcy Code”
means Title 11 of the United States Code, as amended from time to time and any successor statute or any similar federal or state law for
the relief of debtors.

“Benchmark”
means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR
Reference Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that
such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.7(e).

“Benchmark Replacement”
means, with respect to any Benchmark Transition Event, the sum of: (i) the alternate benchmark rate that has been selected by the Administrative
Agent (in consultation with the Borrower) giving due consideration to (A) any selection or recommendation of a replacement benchmark rate
or the mechanism for determining such a rate by the Relevant Governmental Body or (B) any evolving or then-prevailing market convention
for determining a benchmark rate as a replacement to the then-current Benchmark for Dollar-denominated syndicated credit facilities and
(ii) the related Benchmark Replacement Adjustment; provided, that if the Benchmark Replacement would be less than the Floor, such Benchmark
Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.