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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hereto without any duty to account to the other Lenders. Section 9.7. Successor Agent. (a) Any Agent may at any time give at least 30 days prior written notice of its resignation to the Lenders and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right to appoint a successor Agent. If no such successor Agent shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Agent may (but shall not be obligated to), on behalf of the Lenders, appoint a successor Agent. Whether or not a successor Agent has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date.

(b) With
effect from the Resignation Effective Date, (i) the retiring Agent shall be discharged from its duties and obligations hereunder and under
the other Loan Documents (except that in the case of any Collateral held by such Agent on behalf of the Lenders under any of the Loan
Documents, the retiring Agent shall continue to hold such collateral security until such time as a successor Agent is appointed) and (ii)
all payments, communications and determinations provided to be made by, to or through such retiring Agent shall instead be made by or
to each Lender directly, until such time, if any, as a successor Agent shall have been appointed as provided for above. Upon the acceptance
of a successor’s Agent’s appointment as Agent hereunder, such successor shall succeed to and become vested with all of the
rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from all of its duties and obligations
hereunder or under the other Loan Documents. After the retiring Agent’s resignation hereunder and under the other Loan Documents,
the provisions of this Article, Sections 11.4 and 11.15 shall continue in effect for the benefit of such retiring Agent, its sub-agents
and their respective Related Parties in respect of any actions taken or omitted to be taken by it while the retiring Agent was acting
as Agent.

Section 9.8. Collateral
Matters.

(a) Each Agent may from
time to time make such disbursements and advances (“Agent Advances”) which such Agent, in its sole discretion, deems
necessary or desirable to preserve, protect, prepare for sale or lease or dispose of the Collateral or any portion thereof, to enhance
the likelihood or maximize the amount of repayment by the Borrower of the Loans and other Obligations or to pay any other amount chargeable
to the Borrower pursuant to the terms of this Agreement, including, without limitation, costs, fees and expenses as described in Section
11.4. The Agent Advances shall be repayable on demand and be secured by the Collateral and shall bear interest at a rate per annum equal
to the rate then applicable to Term Loans that are Reference Rate Loans. The Agent Advances shall constitute Obligations hereunder which
may be charged to the Loan Account in accordance with Section 4.1. The Collateral Agent shall notify each Lender and the Borrower in
writing of each such Agent Advance, which notice shall include a description of the purpose of such Agent Advance. Without limitation
to its obligations pursuant to Section 9.5, each Lender agrees that it shall make available to the Collateral Agent, upon such Agent’s
demand, in Dollars in immediately available funds, the amount equal to such Lender’s Pro Rata Share of each such Agent Advance.
If such funds are not made available to the Collateral Agent by such Lender, such Agent shall be entitled to recover such funds on demand
from such Lender, together with interest thereon for each day from the date such payment was due until the date such amount is paid to
such Agent, at the Federal Funds Rate for three Business Days and thereafter at the Reference Rate.

(b) The
Lenders hereby irrevocably authorize the Collateral Agent, at its option and in its discretion, to release any Lien granted to or held
by the Collateral Agent upon any Collateral upon termination of the Total Commitment and payment and satisfaction of all Loans and all
other Obligations (other than Contingent Indemnity Obligations) in accordance with the terms hereof; or constituting property being sold
or disposed of in the ordinary course of any Loan Party’s business or otherwise in compliance with the terms of this Agreement and
the other Loan Documents; or constituting property in which the Loan Parties owned no interest at the time the Lien was granted or at
any time thereafter; or if approved, authorized or ratified in writing by the Lenders in accordance with Section 11.2. Upon request by
the Collateral Agent at any time, the Lenders will confirm in writing the Collateral Agent’s authority to release particular types
or items of Collateral pursuant to this Section 9.8(b).

(c) Without
in any manner limiting the Collateral Agent’s authority to act without any specific or further authorization or consent by the Lenders
(as set forth in Section 9.8(b)), each Lender agrees to confirm in writing, upon request by the Collateral Agent, the authority to release
Collateral conferred upon the Collateral Agent under Section 9.8(b). Upon receipt by the Collateral Agent of confirmation from the Lenders
of its authority to release any particular item or types of Collateral, and upon prior written request by any Loan Party, the Collateral
Agent shall (and is hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence the release
of the Liens granted to the Collateral Agent for the benefit of the Agents and the Lenders upon such Collateral; provided, however, that
(i) the Collateral Agent shall not be required to execute any such document on terms which, in the Collateral Agent’s opinion, would
expose the Collateral Agent to liability or create any obligations or entail any consequence other than the release of such Liens without
recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Obligations or any Lien upon (or obligations
of any Loan Party in respect of) all interests in the Collateral retained by any Loan Party.

(d) Notwithstanding
anything contained in any of the Loan Documents to the contrary, the Loan Parties, each Agent and each Lender hereby agree that no Lender
shall have any right individually to realize upon any of the Collateral under any Loan Document or to enforce any Guaranty, it being understood
and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Collateral Agent for the benefit
of the Lenders in accordance with the terms thereof