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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that (i) interest on Indebtedness bearing a floating interest rate will be computed as if the rate at the time of computation had been the applicable rate for the entire period, (ii) if such Indebtedness bears, at the option of such Person and its Subsidiaries, a fixed or floating rate of interest, interest thereon will be computed by applying, at the option of such Person, either the fixed or floating rate and (iii) the amount of Indebtedness under a revolving credit facility will be computed based upon the average daily balance of such Indebtedness during such period; and (b) the Acquisition (whether by purchase, merger or otherwise) or Disposition (whether by sale, merger or otherwise) of any property or assets acquired or disposed of by such Person and its Subsidiaries since the first day of such period shall be deemed to have occurred on the first day of such period.

Section 1.6. Time References.
Unless otherwise indicated herein, all references to time of day refer to Eastern Standard Time or Eastern Daylight Saving Time, as in
effect in New York City on such day. For purposes of the computation of a period of time from a specified date to a later specified date,
the word “from” means “from and including” and the words “to” and “until” each means
“to but excluding”; provided, however, that with respect to a computation of fees or interest payable to any Secured Party,
such period shall in any event consist of at least one full day.

Section 1.7. Obligation
to Make Payments in Dollars. All payments to be made by any Loan Party of principal, interest, fees and other Obligations under
any Loan Document shall be made in Dollars in same day funds, and no obligation of any Loan Party to make any such payment shall be discharged
or satisfied by any payment other than payments made in Dollars in same day funds.

Section 1.8. Interest
Rates Disclaimer. The Administrative Agent does not warrant or accept responsibility for, and shall not have any liability with
respect to (a) the continuation of, administration of, submission of, calculation of or any other matter related to the Reference Rate,
the Term SOFR Reference Rate or Term SOFR, any component definition thereof or rates referred to in the definition thereof, or any alternative,
successor or replacement rate thereto (including any Benchmark Replacement), including whether the composition or characteristics of
any such alternative, successor or replacement rate (including any Benchmark Replacement) will be similar to, or produce the same value
or economic equivalence of, or have the same volume or liquidity as, the Reference Rate, the Term SOFR Reference Rate, Term SOFR or any
other Benchmark prior to its discontinuance or unavailability, or (b) the effect, implementation or composition of any Conforming Changes.
The Administrative Agent and its Affiliates or other related entities may engage in transactions that affect the calculation of the Reference
Rate, the Term SOFR Reference Rate, Term SOFR or any other Benchmark, any alternative, successor or replacement rate (including any Benchmark
Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The Administrative Agent may select
information sources or services in its reasonable discretion to ascertain the Reference Rate or the Benchmark, in each case pursuant
to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other Person for damages of any kind,
including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract
or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such
information source or service.

Article

THE LOANS

Section 2.1. Commitments.

(a) Subject
to the terms and conditions and relying upon the representations and warranties herein set forth herein, (i) each Initial Term Loan Lender
severally agrees to make the Initial Term Loan to the Borrower on the Effective Date, in an aggregate principal amount not to exceed the
amount of such Lender’s Initial Term Loan Commitment and (ii) each Delayed Draw Term Loan Lender severally agrees to make the Delayed
Draw Term Loan to the Borrower during the Delayed Draw Term Loan Availability Period, in an aggregate principal amount not to exceed the
amount of such Lender’s Delayed Draw Term Loan Commitment.

(b) Notwithstanding
the foregoing, the aggregate principal amount of the Term Loans shall not exceed the Total Commitment. Any principal amount of the Term
Loan which is repaid or prepaid may not be reborrowed.

Section 2.2. Making
the Loans.

(a) The
Borrower shall give the Administrative Agent prior written notice (in substantially the form of Exhibit E hereto (a “Notice
of Borrowing”)), not later than 12:00 noon (New York City time) on the date which is twelve (12) Business Days prior to the
date of the proposed Loan (or such shorter period as the Administrative Agent is willing to accommodate from time to time, but in no event
later than 12:00 noon (New York City time) on the borrowing date of the proposed Loan). Such Notice of Borrowing shall be irrevocable
and shall specify (i) the principal amount of the proposed Loan, (ii) in the case of Loans requested on the Effective Date, (iii) whether
the Loan is requested to be a Reference Rate Loan or a Term SOFR Rate Loan and, in the case of a Term SOFR Rate Loan, the initial Interest
Period with respect thereto, (iv) the use of proceeds of such proposed Loan, and (v) the proposed borrowing date, which must be a Business
Day, and, (x) with respect to the Initial Term Loan, must be the Effective Date and (y) with respect to the Delayed Draw Term Loan, must
be during the Delayed Draw Term Loan Availability Period. The Administrative Agent and the Lenders may act without liability upon the
basis of written, telecopied or telephonic notice believed by the Administrative Agent in good faith to be from the Borrower (or from
any Authorized Officer thereof designated in writing purportedly from the Borrower to the Administrative Agent). Each Borrower hereby
waives the right to dispute the Administrative Agent’s record of the terms of any such telephonic Notice of Borrowing. The Administrative
Agent and each Lender shall be entitled to rely conclusively on any Authorized Officer’s authority to request a Loan on behalf of
the Borrower until the Administrative Agent receives written notice to the contrary. The Administrative Agent and the Lenders shall have
no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing.

(b) Each
Notice of Borrowing pursuant to this Section 2.2 shall be irrevocable and the Borrower shall be bound to make a borrowing in accordance
therewith. The Delayed Draw Term Loan shall be made in a minimum amount of $500,000 or in an integral multiple of $500,000 in excess thereof
up to the amount of the Total Delayed Draw Term Loan Commitment.

(c) All
Loans under this Agreement shall be made by the Lenders simultaneously and proportionately to their Pro Rata Shares, it being understood
that no Lender shall be responsible for any default by any other Lender in that other Lender’s obligations to make a Loan requested
hereunder, nor shall the Commitment of any Lender be increased or decreased as a result of the default by any other Lender in that other
Lender’s obligation to make a Loan requested hereunder, and each Lender shall be obligated to make the Loans required to be made
by it by the terms of this Agreement regardless of the failure by any other Lender.

Section 2.3. Repayment
of Loans; Evidence of Debt.

(a) The
outstanding principal amount of the Term Loan shall be repayable on the following dates and in the following amounts set forth opposite
such dates:

Date	Amount

January 1, 2026
April 1, 2026
July 1, 2026
October 1, 2026	$175,000

January 1, 2027 and the first day
of each quarter thereafter	$350,000

; provided, however, that the
last such installment shall be in the amount necessary to repay in full the unpaid principal amount of the Term Loan. The outstanding
unpaid principal amount of the Term Loan and all Agent Advances, and all accrued and unpaid interest thereon, shall be due and payable
on the Term Loan Maturity Date.

(b) Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrower to such
Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from
time to time hereunder.