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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on the Effective Date. (ii) Delayed Draw Term Loan. The Total Delayed Draw Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Delayed Draw Term Loan Commitment Expiration Date. Optional Prepayment. (i) Term Loan; Agent Advances. The Borrower may, at any time and from time to time, upon at least three (3) Business Days’ prior written notice to the Administrative Agent, prepay the principal of the Term Loan or any Agent Advance, in whole or in part. Each prepayment made pursuant to this Section 2.5(b)(i) shall be accompanied by the payment of (A) accrued interest to the date of such payment on the amount prepaid and (B) the Applicable Premium, if any, payable in connection with such prepayment of the Term Loan. Each such prepayment shall be applied against the remaining installments of principal due on the Term Loan in the inverse order of maturity.

Termination of Agreement. The Borrower may, upon at least ten (10) Business Days prior written notice to the Administrative Agent,
terminate this Agreement by paying to the Administrative Agent, in cash, the Obligations in full, plus the Applicable Premium, if any,
payable in connection with such termination of this Agreement; provided that such notice may provide that it is conditioned upon the
consummation of other financing or the consummation of a sale of Equity Interests, in which case, such notice may be revoked or extended
by the Borrower if any such condition is not satisfied prior to the date of termination of this Agreement in such notice. If the Borrower
has sent a notice of termination pursuant to this Section 2.5(b)(ii), then the Lenders’ obligations to extend credit hereunder
shall terminate and the Borrower shall be obligated to repay the Obligations in full, plus the Applicable Premium, if any, payable in
connection with such termination of this Agreement on the date set forth as the date of termination of this Agreement in such notice.

Mandatory Prepayment.

(i) Within
ten (10) calendar days of the date that audited annual financial statements are required to be delivered to the Agents and the Lenders
pursuant to Section 7.1(a)(iii), commencing with the delivery to the Agents and the Lenders of the financial statements for the Fiscal
Year ended December 31, 2025 or, if such financial statements are not delivered to the Agents and the Lenders on the date such statements
are required to be delivered pursuant to Section 7.1(a)(iii), on the date such statements are required to be delivered to the Agents
and the Lenders pursuant to Section 7.1(a)(iii), the Borrower shall, if the Consolidated Senior Net Leverage Ratio of the Borrower and
its Subsidiaries as of the end of such Fiscal Year is (A) equal to or greater than 3.00 to 1.00, prepay the outstanding principal amount
of the Loans in accordance with Section 2.5(d) in an amount equal to 50% of the Excess Cash Flow of the Borrower and its Subsidiaries
for such Fiscal Year, (B) less than 3.00 to 1.00 but equal to or greater than 2.75 to 1.00, prepay the outstanding principal amount of
the Loans in accordance with Section 2.5(d) in an amount equal to 25% of the Excess Cash Flow of the Borrower and its Subsidiaries for
such Fiscal Year, and (C) less than 2.75 to 1.00, there shall be no such repayment obligation; provided that, the Excess Cash Flow prepayment
for the Fiscal Year ended December 31, 2025 shall be calculated based solely on the portion of such Fiscal Year occurring on and after
the Effective Date, and Excess Cash Flow for the portion of such Fiscal Year ending prior to the Effective Date shall be excluded from
the calculation of the Excess Cash Flow prepayment amount.

(ii) Immediately
upon (A) any Disposition (excluding Dispositions which qualify as
Permitted Dispositions under clauses (a), (b), (c), (d), (e), (f) (provided in respect of clauses (e) and (f) such exclusion shall not
exclude such proceeds from constituting Extraordinary Receipts), or (g) of the definition of “Permitted Disposition”) by
any Loan Party or its Subsidiaries, the Borrower shall prepay the outstanding principal amount of the Loans in accordance with Section
2.5(d) in an amount equal to 100% of the Net Cash Proceeds received by such Person in connection with such Disposition to the extent
that the aggregate amount of Net Cash Proceeds received by all Loan Parties and their Subsidiaries shall exceed $50,000 for all such
Dispositions in any Fiscal Year and (B) the Flat Tummy Disposition, the
Borrower shall prepay the outstanding principal amount of the Loans in accordance with Section 2.5(d) in an amount equal to 50% of the
Net Cash Proceeds received by such Person in connection with the Flat Tummy Disposition. Nothing contained in this Section 2.5(c)(ii)
shall permit any Loan Party or any of its Subsidiaries to make a Disposition of any property other than in accordance with Section 7.2(c)(ii).

(iii) Upon
the issuance or incurrence by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Permitted Indebtedness), the
Borrower shall prepay the outstanding amount of the Loans in accordance with Section 2.5(d) in an amount equal to 100% of the Net Cash
Proceeds received by such Person in connection therewith. The provisions of this Section 2.5(c)(iii) shall not be deemed to be implied
consent to any such issuance or incurrence otherwise prohibited by the terms and conditions of this Agreement.

(iv) Upon
the receipt by any Loan Party or any of its Subsidiaries of any Extraordinary Receipts, the Borrower shall prepay the outstanding principal
of the Loans in accordance with Section 2.5(d) (A) if any Default or Event of Default has occurred and is continuing on the date such
Person receives such Net Cash Proceeds, in an amount equal to 100% of the Net Cash Proceeds received by such Person in connection therewith
and (B) so long no Default or Event of Default has occurred and is continuing on the date such Person receives such Net Cash Proceeds,
an amount equal to 100% of the Net Cash Proceeds received by such Person in connection therewith to the extent the aggregate amount of
Extraordinary Receipts received by all Loan Parties and their Subsidiaries shall exceed $50,000 in any Fiscal Year.

(v) Upon
anany Equity Issuance
(other than any Excluded Equity Issuances), the Borrower shall apply the
Net Cash Proceeds received on or after the Second Amendment Effective Date as follows: (A) the first $6,000,000 of such Net Cash Proceeds
may be retained by the Borrower to be used for general corporate purposes, (B) the next $4,000,000 of such Net Cash Proceeds shall be
applied to prepay the outstanding principal amount of the Term Loan in accordance with Section 2.5(d), and (C) with respect to any Net
Cash Proceeds received in excess of $10,000,000, the Borrower shall prepay the outstanding amount of the Loans in accordance with
Section 2.5(d) in an amount equal to (A) 251)
50% of the Net Cash Proceeds received by such Person in connection therewith if the Consolidated Senior Net Leverage Ratio of
the Borrower and its Subsidiaries as of the end of such fiscal quarter of the Borrower ending on or most recently preceding the date
of the receipt of such proceeds was equal to or greater than 3.002.50
to 1.00 and (B2)
0% of the Net Cash Proceeds received by such Person in connection therewith if the Consolidated Senior Net Leverage Ratio of the Borrower
and its Subsidiaries as of the end of such fiscal quarter of the Borrower ending on or most recently preceding the date of the receipt
of such proceeds was less than 3.002.50
to 1.00. TheFor the avoidance
of doubt, the provisions of this Section 2.5(c)(v)Section
2.5(c)(v) shall govern the application of such Net Cash Proceeds notwithstanding any other provisions in this Section 2.5(c), and
shall not be deemed to be impliedconstitute
consent to any such issuance or sale otherwise prohibited by the terms and conditions of this Agreement.