Promissory Note between Synergy CHC Corp. and Don Sanders dated February 10, 2022
Synergy CHC Corp., a Nevada corporation, has issued a $2,000,000 promissory note to Don Sanders. The note is short-term, with repayment expected approximately one week from the closing date of February 10, 2022. A fee of $25,000 per week will be charged for any outstanding balance. Repayment is to be made from the proceeds of a separate $5,000,000 note. The agreement is governed by Delaware law and is signed by both parties.
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 | ||
