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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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.;
provided that, if on or before September 30, 2026 the Borrower shall have failed to raise at least $10,000,000 of Net Cash Proceeds pursuant
to Equity Issuances made on or after the Second Amendment Effective Date, with such Net Cash Proceeds applied in accordance with Section
2.5(c)(v), then, commencing on October 1, 2026, the Applicable Margin shall be increased by 2.00% per annum with respect to each such
category of Loans and shall remain so increased until such time as the Borrower shall have raised at least $10,000,000 of Net Cash Proceeds
pursuant to Equity Issuances made on or after the Second Amendment Effective Date and applied such Net Cash Proceeds in accordance with
Section 2.5(c)(v), at which time such 2.00% per annum increase shall cease to apply.

“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

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.