Promissory Note, dated February 10, 2022, by Synergy CHC Corp. in favor of Don Sanders

Contract Categories: Business Finance - Note Agreements
EX-10.33 41 ea020832401ex10-33_synergy.htm PROMISSORY NOTE, DATED FEBRUARY 10, 2022, BY SYNERGY CHC CORP. IN FAVOR OF DON SANDERS

Exhibit 10.33

 

 

865 Spring Street, Westbrook, ME 04092

(207) 321-2350 / Synergychc.com

 

 

PROMISSORY NOTE FINANCING OF

SYNERGY CHC CORP.
FEBRUARY 10TH 2022

 

This promissory note summarizes the principal terms of the Promissory Note Financing of Synergy CHC Corp., a Nevada corporation (the “Company”), located at 865 Spring Street, Westbrook, Maine 04092 and Don Sanders, an individual. This promissory note shall be governed in all respects by the laws of the State of Delaware.

 

Note Terms    
     
Closing Date:   February 10th, 2022 (the “Closing”).
     
Amount To Be Raised:   $2,000,000 (Two Million) United States Dollars
     
Repayment Date:   Approximately 7 days (1 Week) from date of Closing
     
Fee:   Fee associated with this note will be $25,000 (Twenty Five Thousand United States Dollars) per week outstanding, calculated from closing date
     
Details:   This promissory note is for $2,000,000 (Two Million United States Dollars) and will be repaid with proceeds of the 5,000,000 (Five Million United Sates Dollar) note. This note is anticipated to be short term in nature and repaid approximately I week from date of closing

 

Signatures to Follow

 

SYNERGY CHC CORP   DON SANDERS  
     
Per: /s/ Jack Ross    
  Jack Ross, Chairman & CEO   Don Sanders, Individual