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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with respect to any of the foregoing. Without limitation of the foregoing or any other provision of any Loan Document: (x) the Borrower agrees to pay all broker fees that may become due in connection with the transactions contemplated by this Agreement and the other Loan Documents, and (y) if the Borrower fails to perform any covenant or agreement contained herein or in any other Loan Document, any Agent is expressly permitted or authorized to perform or cause performance of such covenant or agreement pursuant to such Loan Document, and the expenses of such Agent incurred in connection therewith shall be reimbursed on written demand by such Agent to the Borrower. The obligations of the Borrower under this Section 11.4 shall survive after the occurrence of the Termination Date, the discharge of any Liens granted under the Loan Documents and the termination of this Agreement and the other Loan Documents.

Section 11.5. Right
of Set-off. Upon the occurrence and during the continuance of any Event of
Default, any Agent or any Lender may, and is hereby authorized to, at any time and from time to time, without notice to any Loan
Party (any such notice being expressly waived by the Loan Parties) and to the fullest extent permitted by law, set off and apply any
and all deposits (general or special, time or demand, provisional or final) at any time held and other Indebtedness at any time
owing by such Agent or such Lender or any of their respective Affiliates to or for the credit or the account of any Loan Party
against any and all obligations of the Loan Parties either now or hereafter existing under any Loan Document, irrespective of
whether or not such Agent or such Lender shall have made any demand hereunder or thereunder and although such obligations may be
contingent or unmatured; provided that in the event that any Defaulting Lender shall exercise any such right of set-off, (a) all
amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the
provisions of Section 4.4 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed
held in trust for the benefit of the Agents and the Lenders, and (b) the Defaulting Lender shall provide promptly to the
Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it
exercised such right of set-off. Each Agent and each Lender agrees to notify such Loan Party promptly after any such set-off and
application made by such Agent or such Lender or any of their respective Affiliates provided that the failure to give such notice
shall not affect the validity of such set-off and application. The rights of the Agents and the Lenders under this Section 11.5 are
in addition to the other rights and remedies (including other rights of set-off) which the Agents and the Lenders may have under
this Agreement or any other Loan Documents of law or otherwise.

Section 11.6. Severability.
Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting
the validity or enforceability of such provision in any other jurisdiction.

Section 11.7. Assignments
and Participations.

(a) This
Agreement and the other Loan Documents shall be binding upon and inure to the benefit of each Loan Party and each Agent and each Lender
and their respective successors and assigns; provided, however, that none of the Loan Parties may assign or transfer any of its rights
hereunder or under the other Loan Documents without the prior written consent of each Lender and any such assignment without the Lenders’
prior written consent shall be null and void.

(b) Subject
to the conditions set forth in clause (c) below, each Lender may assign to one or more other lenders or other entities all or a portion
of its rights and obligations under this Agreement with respect to all or a portion of its Commitments and any Loan made by it with the
written consent of the Administrative Agent, and so long as no Event of Default has occurred and is continuing at the time of such assignment,
the Borrower (such consent not to be unreasonably conditioned, withheld or delayed); provided, however, that no written consent of the
Administrative Agent or the Borrower shall be required (i) in connection with any assignment by a Lender to a Lender, an Affiliate of
such Lender or a Related Fund of such Lender or (ii) if such assignment is in connection with any merger, consolidation, sale, transfer,
or other disposition of all or any substantial portion of the business or loan portfolio of such Lender.

(c) Assignments
shall be subject to the following additional conditions:

(i) Each
such assignment shall be in an amount which is at least $1,000,000 or in increments of $500,000 in excess thereof (or the remainder of
such Lender’s Commitment) (except such minimum amount shall not apply to an assignment by a Lender to (A) a Lender, an Affiliate
of such Lender or a Related Fund of such Lender or (B) a group of new Lenders, each of whom is an Affiliate or Related Fund of each other
to the extent the aggregate amount to be assigned to all such new Lenders is at least $1,000,000 or a multiple of $500,000 in excess thereof);

(ii) The
parties to each such assignment shall execute and deliver to the Administrative Agent for its acceptance, an Assignment and Acceptance,
together with any promissory note subject to such assignment and such parties shall deliver to the Administrative Agent, for the benefit
of the Collateral Agent, a processing and recordation fee of $3,500 (except the payment of such fee shall not be required in connection
with an assignment by a Lender to a Lender, an Affiliate of such Lender or a Related Fund of such Lender); and

(iii) No
such assignment shall be made to (A) any Loan Party or any of their respective Affiliates, (B) any natural Person, or (C) any Defaulting
Lender or any of its Affiliates, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described
in this clause (C). In the event any such assignment is made, such assignment shall be null and void ab initio.

(d) Upon
such execution, delivery and acceptance, from and after the effective date specified in each Assignment and Acceptance and recordation
on the Register, which effective date shall be at least three Business Days after the delivery thereof to the Administrative Agent (or
such shorter period as shall be agreed to by the Administrative Agent and the parties to such assignment), (A) the assignee thereunder
shall become a “Lender” hereunder and, in addition to the rights and obligations hereunder held by it immediately prior to
such effective date, have the rights and obligations hereunder that have been assigned to it pursuant to such Assignment and Acceptance
and (B) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to
such Assignment and Acceptance, relinquish its rights and be released from its obligations under this Agreement (and, in the case of an
Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement,
such Lender shall cease to be a party hereto).