# EDGAR Filing Document

**Accession Number:** 0001721741
**File Stem:** 0001493152-25-013677
**Filing Date:** 2025-9
**Character Count:** 88454
**Document Hash:** e5e8a80adcb0da33c0bdfe2fc1a3214a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-013677.hdr.sgml**: 20250916

**ACCESSION NUMBER**: 0001493152-25-013677

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250911

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250916

**DATE AS OF CHANGE**: 20250916

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lazydays Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001721741
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38424
- **FILM NUMBER:** 251316690

**BUSINESS ADDRESS:**
- **STREET 1:** 4042 PARK OAKS BLVD
- **STREET 2:** SUITE 350
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33610
- **BUSINESS PHONE:** 813-246-4999

**MAIL ADDRESS:**
- **STREET 1:** 4042 PARK OAKS BLVD
- **STREET 2:** SUITE 350
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33610

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Andina II Holdco Corp.
- **DATE OF NAME CHANGE:** 20171103

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934**

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| | |
|:---|:---|
| Date of Report (Date of earliest event reported): | **September 11, 2025** |

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**LAZYDAYS HOLDINGS, INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-38424** | **82-4183498** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

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| | |
|:---|:---|
| **4042 Park Oaks Blvd., Suite 350, Tampa, Florida** | **33610** |
| (Address of principal executive offices) | (Zip Code) |

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| | |
|:---|:---|
| Registrant's telephone number, including area code | **(813) 246-4999** |

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**N/A**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock | GORV | Nasdaq Capital Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

***Letter of Intent with Campers Inn***

On September 11, 2025, Lazydays Holdings, Inc., a Delaware corporation (the "***Company***"), entered into a letter of intent (the "***LOI***") with Campers Inn Holding Corporation, a Delaware corporation ("***Campers Inn***"). The LOI is nonbinding, except that it imposes binding obligations on Campers Inn and the Company regarding a deposit and binding obligations on the Company regarding exclusivity and a termination fee, as further summarized under the heading "*Binding Provisions*" below.

*Nonbinding Provisions*

The LOI contemplates that Campers Inn or a new holding company entity ("***NewCo***") owned by certain ultimate owners of Campers Inn, including Jeffrey M. Hirsch, will acquire all or substantially all of the assets of the Company and its subsidiaries (the "***Transaction***") for consideration to include: (i) $30,000,000 for furniture, fixtures, equipment, parts, goodwill, and other personal property other than recreational vehicle inventory; (ii) a price for recreational vehicle inventory based on pricing methodologies as stated in the LOI; and (iii) a price for owned real property based on a percentage of appraised value for the property as stated in the LOI.

The LOI states that, after the closing of the Transaction, Campers Inn or NewCo will take over the operation of the Company's dealerships in Tucson, Arizona; Johnstown, Colorado; Seffner, Florida; Knoxville, Tennessee (inclusive of the Company's Strawberry Plains, Airstream of Knoxville, and Turkey Creek sites); and St. George, Utah. The LOI further states that Campers Inn is assessing whether to continue to operate the Company's other dealerships after the closing of the Transaction. The LOI states that the Transaction may close in a series of site-by-site closings if mutually agreed by the parties, and that Campers Inn's target final closing date is before Thanksgiving (November 27, 2025) and no later than December 1, 2025.

The LOI states that Camper Inn's remaining diligence would focus on understanding potential liability exposures, completing a detailed inventory analysis (including site visits for major operations), working with landlords on the transfer of leases, and reviewing previous appraisals, with the potential to order new appraisals.

The LOI states that the Transaction would close without any post-closing recourse against the Company and without any escrows or holdbacks.

The LOI states that Campers Inn's only conditions to closing the Transaction are: (i) the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (if necessary); (ii) the assignment of leases and landlord consent thereto (if required under an applicable lease); (iii) good, marketable and clear title to the purchased assets (or, in the case of recent trades, powers of attorney and payoffs to allow Campers Inn to clear title); and (iv) approval of the Transaction by the Company's stockholders (if required under Delaware law) (the "***Closing Conditions***"). The LOI states that there will be no other conditions such as financing, OEM approvals, state licensing, or other third-party consents.

The LOI states that Campers Inn will provide, prior to the execution of a definitive asset purchase agreement for the Transaction, a definitive term sheet, along with enforceable committed acquisition financing letters subject to customary limited conditions, from a financing source to NewCo for the floorplan financing necessary to complete the purchase of the inventory (collectively the "***Committed Floorplan Financing***"). The LOI further states that, unless the Committed Floorplan Financing is effective simultaneously with such definitive asset purchase agreement, Campers Inn will be a party to the definitive asset purchase agreement and guarantee the obligations of NewCo to purchase the inventory thereunder. In addition, the LOI states that Jeffrey M. Hirsch will be a party to and guarantee performance of the obligations of NewCo under the definitive asset purchase agreement with respect to the purchase of the furniture, fixtures, equipment, parts, blue sky/goodwill and real estate. The LOI also states that Campers Inn has the capability, if needed, of funding the Transaction through current Campers Inn financing facilities and family resources.

*Binding Provisions*

Pursuant to a binding provision of the LOI, Campers Inn paid the Company a $1,000,000 deposit promptly after the execution of the LOI (the "***Deposit***"). The Company is required to refund the Deposit to Campers Inn if: (i) payment of the Breakup Fee (defined below) by the Company to Campers Inn is required pursuant to the LOI; (ii) at any time the Company abandons the Transaction; or (iii) if the Closing Conditions are not met. In any other case, the Company is entitled to retain the Deposit and, if the Transaction closes, the Deposit will be credited to the purchase price for the purchased assets.

The LOI contains a binding exclusivity provision pursuant to which the Company has agreed, during the Exclusivity Period (as defined below), to not, and to cause its subsidiaries and its and its subsidiaries' respective directors, managers, officers, employees, agents, representatives and financial and legal advisors (collectively, "***Representatives***") not to, directly or indirectly, solicit, negotiate, encourage or otherwise discuss with or provide information to or enter into any agreement with respect to any person or entity (other than Campers Inn and its representatives) for the purpose of effecting or evaluating the sale, transfer, recapitalization or other disposition, directly or indirectly, of any equity interests in, or assets of, the Company or any of its subsidiaries by asset sale, equity sale, joint venture, merger, consolidation, recapitalization or any other means or other transaction. The "***Exclusivity Period***" extends from the execution of the LOI through the earlier of (i) October 6, 2025, provided that the Company has delivered a first draft of the definitive asset purchase agreement for the Transaction to Campers Inn by September 18, 2025, and (ii) the execution of the definitive asset purchase agreement for the Transaction.

If, during the Exclusivity Period, the Company receives an offer from a third party that it reasonably determines may be a superior offer, and is advised by its counsel that the board of directors of the Company must, in the exercise of its fiduciary duties, consider such superior offer, then the Company and its Representatives may furnish to such third party information and access relating to the Company and its subsidiaries and their businesses and operations for the purpose of assisting with or facilitating such a superior offer and engage in related discussions and negotiations, and may enter into any agreement (including any letter of intent, term sheet or other similar document or any definitive agreement) relating to such superior offer with such third party and may consummate any transactions contemplated thereby (the "***Fiduciary Out***"), provided that (i) the Company shall provide notice to Campers Inn of the existence and general terms of such superior offer promptly, and (ii) the Company shall pay or cause to be paid to Campers Inn or its designee a breakup fee equal to $10,000,000 (the "***Breakup Fee***"). The Breakup Fee shall be due and payable when, in the exercise of the Fiduciary Out, the Company engages with and furnishes information and access to such third party.

The foregoing description of the LOI is qualified in its entirety by reference to the full text of such agreement, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.

 

***Amended and Restated Limited Waiver and Consent with Respect to Credit Agreement***

On September 12, 2025, the Company entered into an Amended and Restated Limited Waiver and Consent with Respect to Credit Agreement (the "***Waiver***"), related to that certain Second Amended and Restated Credit Agreement dated as of February 21, 2023 (as amended from time to time, the "***Credit Agreement***") with Manufacturers and Traders Trust Company, as Administrative Agent (the "***Administrative Agent***"), the lenders party thereto (the "***Lenders***"), the Company and certain subsidiaries of the Company party thereto as loan parties. The Waiver amends and restates the previously executed Limited Waiver and Consent with Respect to Credit Agreement dated July 31, 2025, as amended (the "***Original Waiver***"). The Credit Agreement provides the Company with a floor plan credit facility (the "***Floor Plan Credit Facility***").

The Waiver grants the Company temporary waivers of potential defaults or events of default resulting from the following: (a) the failure to make certain vehicle curtailment payments due and owing during the months ended August 31, 2025, September 30, 2025, October 31, 2025 and November 30, 2025; (b) the failure to make certain interest payments during the months ended August 31, 2025, September 30, 2025, October 31, 2025 and November 30, 2025; (c) the failure to repay certain revolving loans outstanding under the Credit Agreement with certain net cash proceeds received in connection with the sale of the Company's Tulsa, Oklahoma facility (the "***Specified Tulsa Real Estate Net Proceeds***"); (d) the failure to comply with the minimum liquidity financial covenant during the Waiver Period (defined below); (e) the failure to repay certain revolving loans outstanding under the Credit Agreement as a result of the Lenders' revolving credit exposure exceeding the line cap during the Waiver Period; (f) the failure to comply with the covenant prohibiting the aggregate value of all consigned vehicles to exceed 10% of the aggregate principal balance of the Floor Plan Credit Facility (the "***Consignment Covenant Waiver***") prior to September 26, 2025, (g) the inaccuracy of the Company's solvency representation during the Waiver Period; and (e) certain cross-defaults under the Company's mortgage with First Horizon Bank relating to the foregoing. The foregoing waivers apply for a period (the "***Waiver Period***") beginning September 12, 2025 and lasting until the earlier to occur of (x) 11:59 P.M. (Eastern Time) on December 1, 2025 and (y) the failure of the Company or any other loan party to comply timely with any term, condition or covenant set forth in the Waiver or the occurrence of any other default or event of default under the Credit Agreement. At the end of the Waiver Period, the waivers described above will cease to be of any force or effect.

Pursuant to the Original Waiver, the Company deposited the Specified Tulsa Real Estate Net Proceeds into a blocked account maintained with and subject to the sole dominion and control of the Administrative Agent from which the Company has no rights of access or withdrawal (the "***Cash Collateral Reserve***"). The Waiver provides that, during the Waiver Period, the Administrative Agent shall release funds from the Cash Collateral Reserve to the Company upon its written request, provided that the following conditions are met: (a) the Company and the other loan parties project liquidity to be less than $5,000,000 (the "***Minimum Liquidity Amount***") at any time during the week following the request; (b) the amount of the release request does not exceed the amount needed to cause liquidity as of the end of the week in which such release occurs to equal the Minimum Liquidity Amount; (c) only one such request may be submitted per week; (d) such release request is submitted no later than the Friday immediately preceding the week in which the release is requested and specifies the requested release date, which shall be no earlier than Tuesday of such week; and (e) no default or event of default (except those temporarily waived under the Waiver) is occurring. At the end of the Waiver Period, funds in the Cash Collateral Reserve may be applied to obligations outstanding under the Credit Agreement.

Under the Waiver, the Administrative Agent and the Lenders consented to the Transaction subject to the terms and conditions set forth in the Waiver, including, among others: (a) the terms and conditions of the Transaction (including the purchase price) shall be consistent in all material respects with the Waiver and the LOI; (b) on the closing date of each sale pursuant to the Transaction, all proceeds of the Transaction, net of certain costs and expenses, shall be applied to repay the obligations under the Credit Agreement, except that proceeds from the sale of assets other than certain vehicle inventory may be applied to repay the Company's mortgage owing to First Horizon Bank; and (c) the Company shall deliver to the Administrative Agent the definitive purchase agreement at least three business days prior to the execution thereof.

Among other covenants, the Waiver requires the Company to (a) between September 15, 2025 and October 5, 2025, and continuing as of the end of each week thereafter (for the cumulative period of time beginning with September 15, 2025), not to permit certain disbursements and payments to be greater than 110% of the amount as set forth in a 13-week cash flow forecast delivered to the Administrative Agent (the "***Budget***"), tested pursuant to the variance analysis delivered in connection with the Credit Agreement; (b) comply with the following milestones: (i) on or before October 6, 2025, execute and deliver the definitive purchase agreement for the Transaction, and (ii) on or before the end of the Waiver Period, complete the Transaction and repay the outstanding obligations under the Credit Agreement in full with the proceeds therefrom; and (c) refrain from (i) engaging in transactions, including investments or dispositions, or making any payments other than in the ordinary course of business consistent with past practice or the Transaction, and (ii) except for amounts included in the Budget, grant, agree to grant or make any payment on account of any additional or increase in wages, salary, bonus, commissions, benefits, pension, severance or other compensation of any employee, officer or director.

The termination of the LOI or the definitive purchase agreement for the Transaction constitutes an immediate event of default under the Credit Agreement.

Under the Waiver, the Company agreed to pay to the Administrative Agent, for the ratable benefit of the Lenders, (a) a fee equal to 0.25% of the outstanding principal amount of the Lenders' loans and commitments as of the date of the Waiver (the "***Outstanding Amount***"), payable on the date of the Waiver, and (b) a fee equal to 0.75% of the Outstanding Amount, payable on the earlier of (a) the date all outstanding loans become due under the Credit Agreement, (b) the consummation of the Transaction and (c) the end of the Waiver Period.

The Waiver also permanently decreases the Lenders' aggregate commitments in respect of the Floor Plan Credit Facility, effective as of September 12, 2025, from $225,000,000 to $200,000,000. In addition, with respect to any floor plan unit sold in the Transaction, the Lenders' aggregate commitments in respect of the Floor Plan Credit Facility will be automatically and permanently reduced, on a dollar-for-dollar basis, by the principal balance of the Floor Plan Credit Facility (if any) outstanding with respect to such floor plan unit at the time it is sold.

The foregoing description of the Waiver is qualified in its entirety by reference to the full text of such agreement, a copy of which is attached as Exhibit 10.2 hereto and incorporated herein by reference.

**Item 7.01 Regulation FD Disclosure.**

On September 16, 2025, the Company and Campers Inn issued a joint press release announcing, among other things, the entry into the LOI described herein. A copy of the joint press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

**Item 8.01 Other Events.**

*WARN Act Notification*

 

On September 16, 2025, in compliance with the Worker Adjustment and Retraining Notification Act of 1988, as amended, and applicable state law, the Company notified affected employees and requisite state and local authorities that the Company expects to terminate employees providing services at the Company's corporate headquarters in Tampa, Florida effective November 16, 2025 or within 14 days thereafter in connection with the closing of the Transaction.

*Additional Risk Factors*

 

The risk factors below describe additional risks to supplement the risks described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and its Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2025 and June 30, 2025 and risks described elsewhere in such reports and elsewhere in the Company's public reporting under the Securities Exchange Act of 1934.

● **Risks exist regarding whether the Transaction will close.** Other than as outlined above in Item 1.01 under the heading "*Binding Provisions,*" the LOI is nonbinding. As such, no party is or will be obligated to consummate the Transaction unless and until a definitive asset purchase agreement is executed and delivered, subject to its terms and conditions. Campers Inn continues to conduct due diligence, and the terms of a definitive asset purchase agreement have not yet been negotiated except as set forth in the LOI, most of which terms are non-binding. It is possible that the terms of the Transaction could change materially, and it is possible the Transaction (or one or more of the closings contemplated thereby) may not close.

● **If the LOI or the purchase agreement for the Transaction is terminated, or if the Company does not comply with the Waiver, it would be an event of default under the Credit Agreement and may cause other material adverse effects.** If the LOI or the definitive asset purchase agreement for the Transaction is terminated by any party thereto, or if the Company fails to comply with the Waiver, including the milestones in the Waiver regarding steps in the process for the Transaction and its closing, any such event would constitute an immediate event of default under the Credit Agreement and an immediate end of the Waiver Period specified in the Waiver, such that the Administrative Agent and the Lenders could begin exercising their rights and remedies under the Credit Agreement, the related loan documents and applicable law. The occurrence of such an event of default may also constitute an event of default under the Company's mortgage with First Horizon Bank. The Administrative Agent holds, for the benefit of the Lenders, security interests and liens in all or substantially all of the Company's and its subsidiaries' real and personal property (including deposit accounts), and if an event of default occurs that is not waived, then the Administrative Agent could seek to enforce its security interests and liens in such assets in accordance with the loan documents and applicable law. First Horizon Bank holds a mortgage over certain of the Company's real property located in Knoxville, Tennessee, and if such event of default constitutes a cross default under First Horizon Bank's mortgage, First Horizon Bank could seek to enforce its mortgage in accordance with its loan documents and applicable law. Any such enforcement could result in the sale of some or all of the Company's and its subsidiaries' assets and the application of the proceeds thereof to obligations outstanding under the Credit Agreement or First Horizon Bank's mortgage, as applicable. In addition, upon the occurrence of an event of default under the Credit Agreement that is not waived, among other remedies: (a) the Lenders would be permitted to accelerate the loans outstanding under the Credit Agreement, (b) the Administrative Agent would be permitted to apply all remaining funds in the Cash Collateral Reserve, described above, to obligations outstanding under the Credit Agreement, and (c) the Lenders would no longer be obligated to extend loans pursuant to the Floor Plan Credit Facility, which is credit facility is critically important to the Company and its subsidiaries. If the Lenders refuse to continue extending loans pursuant to the Floor Plan Credit Facility, or if a new event of default arises for which the relevant Lender or Lenders are not willing to waive the default and seeks to enforce remedies, the Company likely would not be able to continue operating and may need to seek debtor protection pursuant to the federal Bankruptcy code or other applicable law.

● **If the Transaction closes, the Company expects to cease operations.** As the Company has previously disclosed, substantial doubt has existed regarding the Company's ability to continue as a going concern. This substantial doubt continues to exist. The Transaction as described in the LOI would constitute the sale of all or substantially all of the assets of the Company and its subsidiaries, including inventory. The Company and its subsidiaries expect that, after closing, they would cease all operations and seek to wind up their affairs. In this situation, the Company may seek debtor protection pursuant to the federal Bankruptcy code or other applicable law.

● **If the Transaction closes, a significant portion of the proceeds from the Transaction will be required to be used to satisfy the Company's substantial secured debt and other obligations, and the Transaction may result in no recovery for stockholders of the Company.** As of August 31, 2025, the Company had approximately $182.3 million in senior secured floorplan debt outstanding, $27.8 million in senior secured revolving debt obligations outstanding, and $12.6 million in secured mortgage debt outstanding. As of August 31, 2025, the Company had approximately $37.4 million in trade payables and other unsecured obligations. The estimated purchase price for the Transaction under the terms of the LOI is projected to be less than the total amount of our secured and unsecured liabilities. If the Transaction closes, proceeds from the Transaction would be applied in accordance with the Waiver and definitive asset purchase agreement based on existing contractual priorities, including expected payments to holders of senior indebtedness necessary to obtain releases of their senior liens on the assets to be sold. The Company expects that, after any such payments, the Company may not have sufficient cash to repay all unsecured creditors of the Company in full depending on numerous uncertain future factors and developments, including the performance of the Company's business while the parties pursue the Transaction. If the Transaction closes and thereafter the Company does not have sufficient cash to repay all unsecured creditors of the Company in full, the Company would not provide any return to the stockholders of the Company, based on their junior priority relative to the priority of the Company's secured and unsecured claimants. Accordingly, the Company cautions that trading in its common stock and other securities is highly speculative and poses substantial risks. Trading prices for the Company's common stock and other securities may bear little or no relationship to the actual recovery, if any, by holders of the Company's common stock and other securities after the closing of the Transaction. In particular, the Company expects that if the Transaction closes, its stockholders could experience a significant or complete loss of their investment, depending on the final amount of proceeds available from the Transaction, the size of the secured and unsecured claims on the Company's assets and the performance of the Company's business through the closing of the Transaction, among other uncertain future factors and developments.

● **The pending Transaction, the risk that the Transaction may not close and/or the terms of the Waiver could cause material adverse effects on the operations and results of the Company's business while the parties pursue the Transaction**. The pending Transaction, risk that it may not close and/or the terms of the Waiver could cause material adverse effects on the Company's operations and the results of its business while the parties pursue the Transaction, including due to the Waiver's reduction in the Company's Floor Plan Credit Facility capacity and due to increased uncertainty regarding the Company's relationships with recreational vehicle manufacturers, customers, employees, landlords and other business counterparts.

**Cautionary Note Regarding Forward-Looking Statements**

This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding the Company's goals, plans, projections and guidance regarding its common stock, financial and liquidity position, results of operations, market position, pending and potential future transactions and business strategy, and often contain words such as "may," "will," "possible," "project," "outlook," "expect," "anticipate," "intend," "plan," "believe," "estimate," "seek," "would," "should," "likely," "goal," "strategy," "future," "maintain," "continue," "remain," or "target" and similar references to future periods. Examples of forward-looking statements herein include, among others, all nonbinding statements in the LOI, statements regarding the consummation of the proposed Transaction and the anticipated effects on the Company thereof, including the timing and anticipated closing date of the Transaction and the use of proceeds therefrom.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events that depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future results or occurrences, and the actual results or occurrences may differ materially from those made in the forward-looking statements in this Current Report on Form 8-K. The risks and uncertainties that could cause actual results or occurrences to differ materially from forward-looking statements include, without limitation: future economic and financial conditions (both nationally and locally); changes in customer demand; the Company's relationship with, and the financial and operational stability of, vehicle manufacturers and other suppliers; risks associated with the Company's indebtedness (including the Company's ability to obtain further waivers or amendments to credit agreements, the actions or inactions of its lenders, available borrowing capacity, its compliance with covenants and its ability to refinance or repay indebtedness on terms acceptable to the Company); acts of God or other incidents which may adversely impact the Company's operations and financial performance; government regulations; legislation; the risk that the Transaction does not close when expected or at all; the risk that the benefits from the Transaction may not be fully realized or may take longer to realize than expected; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risks and potential adverse reactions of the Company's customers, employees or other business partners; the diversion of the Company's management's attention and time from ongoing business operations and opportunities due to the Transaction; and the risks set forth above under the heading "*Additional Risk Factors*" and other risks and uncertainties set forth throughout under the headers "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and in the notes to the Company's financial statements, in the Company's most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and from time to time in its other filings with the U.S. Securities and Exchange Commission. The Company urges you to carefully consider this information and not place undue reliance on forward-looking statements. The Company undertakes no duty to update its forward-looking statements, which are made as of the date hereof.

**Item 9.01 Financial Statements and Exhibits.**

(d) *Exhibits* 

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Letter of Intent, dated September 11, 2025, by and among Lazydays Holdings, Inc. and Campers Inn Holding Corporation.](ex10-1.htm) |
| 10.2 | [Amended and Restated Limited Waiver and Consent, dated September 12, 2025, by and among LDRV Holdings Corp., the other loan parties party thereto, each of the lenders and Manufacturers and Traders Trust Company.](ex10-2.htm) |
| 99.1 | [Press Release, dated September 16, 2025.](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **LAZYDAYS HOLDINGS, INC.** | **LAZYDAYS HOLDINGS, INC.** |
| September 16, 2025 | By: | */s/ Ronald K. Fleming* |
| Date |  | Ronald K. Fleming |
|  |  | Chief Executive Officer |

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## Exhibit 10.1

**Exhibit 10.1**

![](ex10-1_001.jpg)

Campers Inn Holding Corp.

6200 Lake Gray Blvd

Jacksonville FL 32244

September 11, 2025

Mr. Robert DeVincenzi, Chairman of the Board

Mr. Ronald Fleming, CEO & Director

Lazydays Holdings, Inc.

4042 Park Oaks Boulevard

Suite 350

Tampa, FL 33610

CC:

Mr. James Doak

Miller Buckfire

**Final Non-Binding Letter of Intent**

Dear Mr. DeVincenzi and Mr. Fleming,

Thank you for providing Campers Inn Holding Corporation, a Delaware corporation ("**Campers Inn**", "**us**", "**our**", or "**we**"), with the opportunity to present this non-binding letter of intent (this "**LOI**") with respect to the acquisition by us or NewCo (as defined below) of assets of Lazydays Holdings, Inc., a Delaware corporation ("**Lazydays**" or "**Company**"), and its subsidiaries.

**<u>Background on Campers Inn</u>**

Established in 1966, Campers Inn is the nation's largest family-operated RV dealer with multiple locations across the U.S. Over its nearly 60-year history, Campers Inn has successfully integrated 16 acquisitions comprising 22 rooftops (not including startups or partnerships) and firmly established itself as an industry leader.

Campers Inn comes with an industry leading approach, including a people-first culture and an innovative operating methodology in areas such as AI. In addition, we have a track record of acquiring dealerships, improving their performance, and bringing them under our cultural philosophy and operating structure. Our company is still family operated, and we are able to bring a personal touch to our multi-dealer operations. Finally, we have a strong capital structure for continued growth.

**<u>Contemplated Transaction</u>**

&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction Structure**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Asset Purchase Price**: Campers Inn or NewCo to purchase the assets of Lazydays and its subsidiaries
 for $30 million. This includes FF&E, parts, equipment, goodwill, etc. This amount is
 separate from the amounts paid for the real estate or inventory (outlined below).

1 \|

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Locations to Operate**: Campers Inn or NewCo to continue to operate, and assume underlying leases,
 in the following locations – Seffner, the three Knoxville locations (Strawberry, Airstream
 Knoxville, and Turkey Creek), Tucson, St George, and Johnstown. We are assessing whether
 to operate the other locations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Real Estate Purchases:** Campers Inn or NewCo to purchase the following real estate for 85%
 of appraised value – Turkey Creek, Airstream of Knoxville, Knoxville Storage Facility.
 We propose to purchase the following real estate at 60% of appraised value – Las Vegas,
 Waller, and Aurora. We propose to buy the Wilmington, OH property for 50% of appraised value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. **New Inventory:** Campers Inn or NewCo to purchase all of the company's new inventory
 (all locations). New inventory purchased at the following values: 100% of invoice for Model
 Year 2026s, 90% of invoice for Model Year 2025s, 80% of invoice for Model year 2024s. Any
 remaining 2023s to be purchased as used inventory - see valuation in paragraph e. Any remaining
 inventory denoted as specified units by Lazydays to Campers Inn to be purchased at $50,000
 per unit or Lazydays can sell as they see fit (wholesale, auction, etc.).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. **Used Inventory:** Campers Inn or NewCo to purchase all the company's used inventory (all
 locations). Used inventory to be purchased at 85% of wholesale book value. We would purchase
 all used inventory subject to ensuring each unit must have a clean title and normal wear
 and tear.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. **Transportation Deductions:** All inventory in Oregon, Minnesota, Iowa, and Ohio would be further reduced
 by $1,000 per unit in order to transport the inventory to other locations. Inventory remaining
 in Wildwood would be further reduced by $400 to transport to other locations.

&nbsp;&nbsp;&nbsp;&nbsp;2. **Timeline**:
 Campers Inn is prepared to expeditiously move forward. Our target signing date for the definitive
 asset purchase agreement is October 6, 2025, provided the Company's counsel delivers
 a first draft of the asset purchase agreement within seven days of mutual signing of this
 letter of intent ()"**APA Milestone** "). The closings may occur in a series
 of site-specific closings if and as agreed by the parties. Our target final closing date
 is before Thanksgiving and no later than December 1<sup>st</sup>, and we would work diligently
 to ensure we hit that date.

&nbsp;&nbsp;&nbsp;&nbsp;3. **Structure and Source of Proceeds**: Certain ultimate owners of Campers Inn, including Jeffrey M.
 Hirsh, intend to utilize a new holding company entity ()"**NewCo**") to effectuate
 the transaction, with financing from a combination of longstanding blue-chip relationships
 and family resources. We also have the capability, if needed, of funding this transaction
 through current Campers Inn financing facilities and family resources. Our only conditions
 to close would be (i) HSR clearance (if needed); (ii) assignment of leases per Section 1.b
 in their current form, together with landlord consents (if landlord consent is required under
 the applicable lease); (iii) good, marketable and clear title to the purchased assets and
 real estate (or, in the case of recent trades, powers of attorney and payoffs to allow us
 to clear title); and (iv) the Lazydays stockholder vote approving the transactions (if required
 under Delaware law). There will be no other conditions such as financing, OEM approvals,
 state licensing, or other third-party consents. We will provide, prior to the execution of
 the definitive asset purchase agreement, a definitive term sheet, along with enforceable
 committed acquisition financing letters subject to customary limited conditions, from a financing
 source to Newco for the floorplan financing necessary to complete the purchase of the inventory
 (collectively the "**Committed Floorplan Financing** "). Unless the Committed
 Floorplan Financing is effective simultaneously with the definitive asset purchase agreement,
 Campers Inn Holding Corporation will be a party to the definitive asset purchase agreement
 and guarantee the obligations of NewCo to purchase the inventory thereunder. In addition,
 Jeffrey M. Hirsch will be a party to and guarantee performance of the obligations of such
 NewCo under the definitive asset purchase agreement with respect to the purchase of the FF&E,
 parts, equipment, blue sky/goodwill and real estate.

2 \|

&nbsp;&nbsp;&nbsp;&nbsp;4. **Remaining Diligence:** We appreciate the quick responsiveness of the Company and their advisors to
 our diligence requests thus far. Our remaining diligence would focus on (i) understanding
 any potential liability exposures; (ii) detailed inventory analysis including site visits
 for major operations, (iii) working with landlords on transfer of leases, and (iv) review
 of previous appraisals and potentially order new appraisals. The transaction would close
 without any post-closing recourse against Lazydays and without any escrows or holdbacks.

&nbsp;&nbsp;&nbsp;&nbsp;5. **Other Items and Assumptions:** In addition to the above, we would note the following for the
 Company's awareness:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Exclusivity**:
 In consideration of the time and costs we will incur in connection with conducting due diligence
 on the Company and negotiating a transaction, the Company and its subsidiaries hereby agree
 to an Exclusivity Period as follows. The "**Exclusivity Period**" shall extend
 from the time of mutual execution and delivery of this LOI on September 11, 2025 through
 the earlier of (i) October 6, 2025 if the Company has satisfied the APA Milestone or (ii)
 execution and delivery of the definitive asset purchase agreement, after which it shall,
 pursuant to such asset purchase agreement, extend through to closing, unless the Company
 receives an offer from a third party that it reasonably determines may be a superior offer,
 and is advised by counsel that the Board of Directors of the Company must, in the exercise
 of its fiduciary duties, consider such superior offer (the "**Fiduciary Out** ").
 In the case of the Fiduciary Out, (a) the Company shall provide notice to Campers Inn of
 the existence and general terms of such superior offer promptly, (b) the Company and its
 Representatives may furnish to such third party information and access relating to the Company
 and its subsidiaries and their businesses and operations for the purpose of assisting with
 or facilitating such a superior offer and engage in related discussions and negotiations
 and (c) if the Company pays or causes to be paid to Campers Inn or its designee a breakup
 fee equal to $10 million USD, the Company may enter into any agreement (including any letter
 of intent, term sheet or other similar document or any definitive agreement) relating to
 such superior offer with such third party and may consummate any transactions contemplated
 thereby. The breakup fee shall be due and payable when, in the exercise of the Fiduciary
 Out, the Company engages with and furnishes the information and access to such third party
 pursuant to Section 5.a(b) hereof. Nothing in this Section 5.a shall obligate Newco or us
 to match or top any superior offer, or to continue negotiations with the Company in response
 to a superior offer. Except as otherwise provided herein, the Company hereby agrees that
 the Company will not, and the Company will cause its subsidiaries and its and its subsidiaries'
 respective directors, managers, officers, employees, agents, representatives and financial
 and legal advisors (collectively "**Representatives** "), during the Exclusivity
 Period to not, directly or indirectly, solicit, negotiate, encourage or otherwise discuss
 with or provide information or enter into any agreement with respect to (including but not
 limited to continuing any current discussions or negotiations or continuing to allow access
 to any online or physical data room) any person or entity (other than Campers Inn and our
 respective representatives) for the purpose of effecting or evaluating the sale, transfer,
 recapitalization or other disposition, directly or indirectly, of any equity interests in,
 or assets of, the Company or any of its subsidiaries by asset sale, equity sale, joint venture,
 merger, consolidation, recapitalization or any other means or other transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. We
 will provide a $1 million USD deposit promptly after full execution of this LOI, which is
 fully refundable if (i) payment of the break up fee is triggered pursuant to Section 5.a
 hereof; or (ii) if at any time Lazydays abandons the transaction, or (iii) if the closing
 conditions in Section 3 of this letter are not met. Otherwise the deposit will be nonrefundable
 or, if closing occurs, will be credited to the purchase price for the purchased assets. We
 understand the deposit will be held by the Company in an M&T Bank-based pledged account,
 subject to the obligation to refund the deposit per the terms of this Section 5.b.

We appreciate all of the time spent to date and look forward to hearing back regarding this further updated LOI. We acknowledge this LOI will be publicly filed by the Company with the SEC. Nothing in this letter (except Sections 5.a and 5.b, which shall be binding) constitutes a binding offer and no party shall be bound unless and until definitive documents are executed by both parties.

*Signature Page Follows*

3 \|

We look forward to continuing to work with the Company toward a potential transaction. If there are any questions, feel free to contact us or our advisor KeyBanc.

Sincerely,

---

| | | | |
|:---|:---|:---|:---|
| **CAMPERS INN HOLDING CORPORATION** | **CAMPERS INN HOLDING CORPORATION** | **LAZYDAYS HOLDINGS, INC.** | **LAZYDAYS HOLDINGS, INC.** |
| By: | */s/ Jeff Hirsch* | By: | */s/ Robert DeVincenzi* |
| Jeff Hirsch<br> Chief Executive Officer and Owner<br> Campers Inn Holding Corp. | Jeff Hirsch<br> Chief Executive Officer and Owner<br> Campers Inn Holding Corp. | Robert DeVincenzi<br> Chairman of the Board<br> Lazydays Holdings, Inc. | Robert DeVincenzi<br> Chairman of the Board<br> Lazydays Holdings, Inc. |
| By: | */s/ Ben Hirsch* | By: | */s/ Ronald K. Fleming* |
| Ben Hirsch<br> Chief Operating Officer and Owner<br> Campers Inn Holding Corp. | Ben Hirsch<br> Chief Operating Officer and Owner<br> Campers Inn Holding Corp. | Ronald K. Fleming<br> Chief Executive Officer and Director<br> Lazydays Holdings, Inc. | Ronald K. Fleming<br> Chief Executive Officer and Director<br> Lazydays Holdings, Inc. |

---

4 \|

## Exhibit 10.2

**Exhibit 10.2**

***Execution Version***

 ****

Dated and effective as of September 12, 2025

LDRV Holdings Corp., as Borrower Representative

4042 Park Oaks Blvd., Suite 350

Tampa, Florida 33610

Attention: Ron Fleming, Chief Executive Officer

**<u>Re</u>**: **<u>Amended and Restated Limited Waiver and Consent with Respect to Credit Agreement</u>**

Ladies and Gentlemen:

Reference is made to (i) that certain Second Amended and Restated Credit Agreement, dated as of February 21, 2023 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the "<u>Credit Agreement</u>"), by and among LDRV Holdings Corp., a Delaware corporation (the "<u>Borrower Representative</u>"), the Loan Parties party thereto, the lenders from time to time party thereto (each, a "<u>Lender</u>" and collectively, the "<u>Lenders</u>"), and Manufacturers and Traders Trust Company, a New York banking corporation, as Administrative Agent, Swingline Lender and Issuing Bank, (ii) that certain Limited Waiver and Fourth Amendment to Second Amended and Restated Credit Agreement and Consent, dated and effective as of June 12, 2025 (the "<u>Fourth Amendment</u>"), and (iii) that certain letter agreement, dated and effective as of July 31, 2025 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the "<u>Limited Waiver</u>"), by and among the Borrowers, the Guarantors, the Lenders party thereto, and the Administrative Agent. Capitalized terms used in this letter agreement (this "<u>Agreement</u>") and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement or, if not defined therein, the Fourth Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.**  **<u>Preliminary Statements</u>** 

Pursuant to <u>Sections 2.01.7</u>, <u>2.01.8</u> and <u>2.01.9</u> of the Credit Agreement, the Borrowers are required to make certain curtailment payments with respect to the Floor Plan Loans (the "<u>Curtailment Covenant</u>").

Pursuant to <u>Section 2.07</u> of the Credit Agreement, the Borrowers are required to pay to the Administrative Agent for the ratable benefit of the Lenders in each Class all accrued interest owing in respect of such Class of Loans in arrears on the applicable Interest Payment Dates (the "<u>Interest Payment Covenant</u>").

Pursuant to <u>Section 2.03.3</u> of the Credit Agreement, the Revolving Credit Borrowers are required to pay to the Administrative Agent, for the account of the Revolving Credit Lenders, 100% of the Net Available Proceeds (less, without duplication, costs, fees and expenses payable to Coliseum) received by the Loan Parties from the Disposition of any real estate as a prepayment of the Revolving Credit Loans then outstanding (the "<u>Mandatory Prepayment Covenant</u>").

Pursuant to <u>Section 6(c)(ii)</u> of the Fourth Amendment, the Loan Parties are required to pay any Net Available Proceeds (after paying the outstanding principal and other amounts owing under the Coliseum Agreement to Coliseum) from the sale of the owned real property at the Tulsa Facility (as defined in the Fourth Amendment) to the Administrative Agent as a prepayment of the Revolving Credit Loans then outstanding (the "<u>Tulsa Proceeds Covenant</u>").

The Loan Parties acknowledge and agree that if not for the waiver provided for in <u>Section 2</u> below, one or more existing or potential Defaults or Events of Default would have occurred and be continuing (collectively, the "<u>Specified Defaults</u>") as a result of (i) the Borrowers' failure to comply with (a) the Curtailment Covenants for the applicable payments due and owing on the Applicable Curtailment Dates occurring during the months ended August, 31, 2025, September 30, 2025, October 31, 2025 and November 30, 2025, (b) the Interest Payment Covenant for the Interest Payment Dates occurring during the months ended August, 31, 2025, September 30, 2025, October 31, 2025 and November 30, 2025, (c) the Mandatory Prepayment Covenant and the Tulsa Proceeds Covenant with respect the sale of the Tulsa Facility, (d) the minimum Liquidity covenant set forth in <u>Section 6.19</u> of the Credit Agreement prior to the Waiver End Date (as defined below), (e) the mandatory prepayment covenant set forth in <u>Section 2.03.7</u> of the Credit Agreement prior to the Waiver End Date, and (f) the maximum consigned vehicles covenant set forth in <u>Section 6.20</u> of the Credit Agreement prior to September 26, 2025, (ii) the Borrowers' representation under <u>Section 3.19</u> of the Credit Agreement (the "<u>Solvency Representation</u>") being false when made or deemed made prior to the Waiver End Date, and (iii) any of the foregoing Defaults or Events of Default resulting in defaults or cross defaults under the Knoxville mortgage in favor of First Horizon Bank.

The Loan Parties have requested that the Lenders agree to temporarily waive the Specified Defaults and consent to the funding of the Cash Collateral Reserve (as defined below) with certain Tulsa Facility sale proceeds, and the undersigned Lenders have agreed to such temporary waiver and consent, in each case on the terms and subject to the conditions set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.**   **<u>Limited Waiver</u>** 

Subject to the satisfaction of the conditions set forth in <u>Section 8</u> hereof, the Lenders hereby temporarily waive the Specified Defaults for a period beginning from the date hereof and extending to the earliest to occur of (i) 11:59 P.M. (Eastern Time) on December 1, 2025 and (ii) the failure of any Loan Party to comply timely with any term, condition, or covenant set forth in this Agreement or the occurrence of a Default or Event of Default under the Credit Agreement (other than the Specified Defaults) (the "<u>Waiver End Date</u>" and such period, the "<u>Temporary Waiver Period</u>").

On and as of the Waiver End Date, the limited and temporary waiver of the Specified Defaults set forth in this <u>Section 2</u> shall automatically and without further notice cease to be of any force or effect and the Specified Defaults shall, from and after the Waiver End Date, be deemed to have occurred and be continuing as if never temporarily waived pursuant to this Agreement. The Loan Parties each agree that on and from the Waiver End Date, the Administrative Agent, the Lenders and the other Secured Parties may at any time proceed to exercise any and all of the respective rights and remedies under the Credit Agreement, any other Credit Document and/or applicable law to the extent that a Default or an Event of Default (including the Specified Defaults) has occurred and is continuing. The Loan Parties further agree that nothing herein shall be construed to limit any rights or remedies available to the Administrative Agent, the Lenders and the other Secured Parties pursuant to the Credit Agreement or the other Credit Documents in connection with the occurrence of any Default or Event of Default other than, during the Temporary Waiver Period, the Specified Defaults.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Cash Collateral Reserve** 

Notwithstanding anything to the contrary in the Credit Documents, the Tulsa Sale Proceeds (as defined in the Fourth Amendment) payable to the Administrative Agent pursuant to <u>Section 6(c)(ii)</u> of the Fourth Amendment shall be deposited by the Loan Parties in a blocked account maintained with and subject to the sole dominion and control of the Administrative Agent from which the Borrowers shall have no rights of access or withdrawal (the "<u>Cash Collateral Reserve</u>"). During the Temporary Waiver Period, Administrative Agent shall release funds from the Cash Collateral Reserve to the Borrowers (the "<u>Specified Cash</u>"), subject to the following terms and conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Loan
 Parties shall submit to Administrative Agent a written request (which request may be by email) (each a " <u>Release Request</u> ")
 for each release of Specified Cash no later than two (2) Business Days prior to the requested release date, together with any related
 supporting information reasonably requested by Administrative Agent (including a written certification from the CAO of compliance
 with the conditions set forth in <u>clause (ii)</u> below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The
 Loan Parties' right to submit a Release Request shall be subject to the following conditions: (a) the Loan Parties shall project
 Liquidity to be less than $5,000,000 (the " <u>Minimum Liquidity Amount</u> ") at any time during the week following the
 Release Request date, (b) the amount of such Release Request shall not exceed the amount, determined by the CAO, necessary to cause
 Liquidity as of the end of the week in which such Specified Cash is released (after giving effect to all receipts and disbursements
 expected in such week including the receipt of such Specified Cash) to equal the Minimum Liquidity Amount, (c) the Loan Parties may
 submit a Release Request no more than once per calendar week, (d) such Release Request shall be submitted no later than 5:00 PM ET
 on the Friday immediately preceding the week in which such release is requested and shall specify the requested release date, which
 shall be no earlier than Tuesday of such week, and (e) no Default or Event of Default (other than the Specified Defaults) shall have
 occurred or be continuing as of the Release Request date.

Upon the Waiver End Date, the Administrative Agent shall be permitted to apply any and all funds in the Cash Collateral Reserve to the outstanding Obligations in accordance with the Credit Agreement without notice and/or any other precondition.

This <u>Section 3</u> shall survive the termination or expiration of the Temporary Waiver Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.**  **<u>Floor Plan Commitment</u>.** 

The aggregate Floor Plan Loan Commitments and the Floor Plan Line of Credit Dollar Cap shall be automatically and permanently reduced to $200,000,000 effective as of the date hereof. With respect to any Floor Plan Unit sold in a Sale Transaction (as defined below), the aggregate Floor Plan Loan Commitments and Floor Plan Line of Credit Dollar Cap shall be automatically and permanently reduced on a dollar-for-dollar basis by the principal balance of the Floor Plan Loans (if any) outstanding with respect to such Floor Plan Unit at the time it is sold in such Sale Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;**5.**  **<u>Consent to Sale Transactions</u>** 

Subject to the terms and conditions set forth herein, the Administrative Agent and the Lenders hereby consent to the Loan Parties' and their Subsidiaries' sale of their assets in one or more sale transactions (collectively, the "<u>Sale Transactions</u>") to a newly formed entity ("<u>Newco</u>") having certain common ownership with Campers Inn Holdings Corp. ("<u>Campers Inn</u>"), subject to the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. <u>Material Terms</u>. The terms and conditions of the Sale Transactions (including the aggregate purchase price for the Sale Transactions) and
 all documentation executed in connection therewith shall be consistent in all material respects with this Agreement and the letter
 of intent, dated as of September 11, 2025 (the " <u>Letter of Intent</u> "), between Campers Inn and Pubco Guarantor.

ii. <u>Use of Proceeds</u>. On the closing date of each Sale Transaction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All
 proceeds thereof received by any Loan Party or Subsidiary thereof, net of reasonable out-of-pocket costs, expenses and fees payable
 to third parties and Taxes associated therewith, shall be applied to repay Obligations then outstanding; provided, that in connection
 with the sale of the Loan Parties' and their Subsidiaries' real property located at 11730 Snyder Road, Knoxville, Tennessee,
 proceeds of the Sale Transactions (except proceeds received in respect of the sale of any Floor Plan Unit) may be applied to repay
 the outstanding mortgage loan payable to First Horizon Bank; and

b. With
 respect to any Floor Plan Unit sold in a Sale Transaction, 100% of the principal balance of the Floor Plan Loans (if any) made with
 respect to such Floor Plan Unit shall be paid in full upon the closing of such Sale Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. <u>Purchase Agreement</u>. The Loan Parties shall deliver to the Administrative Agent the definitive purchase agreement for the Sale Transactions
 (the " <u>Purchase Agreement</u> ") no later than 3 Business Days prior to the execution thereof and the sources and uses
 for each Sale Transaction closing no later than 3 Business Days prior to the applicable closing date.

iv. <u>Purchase Agreement Amendments</u>. Without the prior written consent of the Administrative Agent, the Loan Parties shall not amend or otherwise
 modify the Purchase Agreement to include any terms that are inconsistent in any material respect with the consent provided in this
 Section 5.

v. <u>Information</u>.
 The Borrowers shall promptly deliver to the Administrative Agent such financial and other information regarding the Sale Transactions
 as the Administrative Agent may reasonably request from time to time.

Upon the request of the Borrower Representative, which request shall be made no later than 3 Business Days prior to the anticipated closing date of the applicable Sale Transaction, the Administrative Agent shall promptly deliver a customary payoff letter in connection with each Sale Transaction that will (x) specify the amount of the Obligations that must be repaid in connection with such Sale Transaction in order for the Administrative Agent's Liens on the assets to be sole in such Sale Transaction to be released and terminated (consistent with this Section 5) and (y) provide that the Administrative Agent's Liens on such assets shall be released and terminated upon the Administrative Agent's receipt of such amount in accordance with the provisions of such payoff letter.

Each Loan Party acknowledges and agrees that the consent contained in the foregoing shall not waive or amend (or be deemed to be or constitute an amendment to or waiver of) any other covenant, term or provision in the Credit Agreement or hinder, restrict or otherwise modify the rights and remedies of the Lenders and the Administrative Agent following the occurrence of any other present or future Default or Event of Default under the Credit Agreement or any other Credit Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.**  **<u>Covenants</u>** 

In addition to and without limitation of the covenants contained in the Credit Documents, the Loan Parties hereby covenant and agree that they shall perform, observe and comply with each of the following covenants:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. With
 respect to the period beginning September 15, 2025 (the " <u>Budget Variance Test Start Date</u> ") and ending October
 5, 2025, and continuing as of the end of each week thereafter (in each case, for the cumulative period of time beginning with the
 Budget Variance Test Start Date and ending as of the end of the applicable week), the Borrowers shall not permit "Operating
 Disbursements" and "Non-Operating Activity" (excluding cash flow consisting of disbursements to pay legal fees,
 financial adviser fees and other professional fees of the Administrative Agent and the Lenders) for any such period to be greater
 than 110% of the "Operating Disbursements" and "Non-Operating Activity" set forth in the Budget (as defined
 below), in each case tested pursuant to the variance analysis delivered pursuant to <u>Section 5.09.15</u> of the Credit Agreement.

---

| | |
|:---|:---|
|  | The Budget may only be amended or modified with the prior written consent of the Required Lenders. |
| ii. | The Loan Parties shall comply with the following milestones (the "<u>Milestones</u>") with respect to the Sale Transactions, <u>provided that</u> the dates for compliance may be extended by the written approval of the Required Lenders in their sole discretion (which written approval may be by electronic mail): |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. on
 or before October 6, 2025, the Loan Parties and Newco shall execute and deliver to the Administrative Agent the Purchase Agreement;
 and

b. on
 or before the Waiver End Date, the Loan Parties shall complete the Sale Transactions and repay the then outstanding Obligations,
 in full in cash, with the proceeds therefrom.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Until
 the Sale Transactions are closed, the Loan Parties shall cause the Investment Banker and the CAO to host a weekly telephonic meeting
 with the Administrative Agent and/or its professionals to discuss the status of the Sale Transactions.

iv. Until
 the expiration or termination of the Temporary Waiver Period, no Loan Party and no other Subsidiary shall, directly or indirectly,
 without the approval of the Administrative Agent and the Required Lenders, (a) engage in (and shall cause each Subsidiary not to
 engage in) any transactions, including any Investments or Dispositions, or make any payments, in each case other than (1) in the
 ordinary course of business and consistent with past practice and (2) the Sale Transactions or (b) except for amounts included in
 the Budget, grant, agree to grant, or make any payment on account of (including pursuant to a key employee retention or incentive
 plan or similar arrangement) any additional or any increase in the wages, salary, bonus, commissions, benefits, pension, severance
 or other compensation of any employee, officer or director.

v. The
 Borrowers shall, within five (5) Business Days of receipt of an invoice therefor, pay all reasonable out-of-pocket expenses incurred
 by the Administrative Agent (including the reasonable and invoiced fees and expenses of Morgan, Lewis & Bockius LLP and FTI Consulting,
 Inc.).

The (i) termination of the Letter of Intent or the Purchase Agreement by any party thereto or (ii) failure of the Loan Parties to comply with the agreements set forth in this <u>Section 5</u> hereof shall constitute an immediate Event of Default under the Credit Agreement, without further action or notice by or any behalf of the Administrative Agent, the Lenders or any other Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.**  **<u>Waiver Fees</u>** 

In consideration for the Lenders entering into this Agreement, the Borrowers hereby agree to pay to the Administrative Agent, for the ratable benefit of each Lender, (i) a fee equal to 0.25% (the "<u>Upfront Fee</u>") of the aggregate outstanding principal amount of the Lenders' Loans and Commitments as of the date hereof (the "<u>Outstanding Amount</u>"), which Upfront Fee shall be deemed fully earned, payable and nonrefundable as of the date hereof; and (ii) a fee equal to 0.75% of the Outstanding Amount (the "<u>Deferred Fee</u>"), which Deferred Fee shall be deemed fully earned and nonrefundable on the date hereof and payable on the earlier of (x) the date upon which all of the outstanding Loans have become due and payable in immediately available funds under the Credit Agreement, whether by scheduled maturity, acceleration or otherwise, (y) the consummation of all Sale Transactions, and (z) the Waiver End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.**  **<u>Conditions Precedent</u>** 

---

| | |
|:---|:---|
| This Agreement shall become effective upon: | This Agreement shall become effective upon: |
| i. | the Administrative Agent's receipt of a counterpart of this Agreement duly executed and delivered by the Loan Parties and the Lenders; |
| ii. | the Loan Parties' delivery to the Administrative Agent of an updated 13-week cash flow forecast in the form required by <u>Section 5.09.15</u> of the Credit Agreement (the "<u>Budget</u>"), in form and substance acceptable to the Administrative Agent; |
| iii. | the Loan Parties' delivery to the Administrative Agent of an executed copy of the Letter of Intent; and |
| iv. | the Borrowers' payment of (a) the Upfront Fee and (b) all outstanding reasonable out-of-pocket expenses of the Administrative Agent (including the reasonable and invoiced fees and expenses of Morgan, Lewis & Bockius LLP and FTI Consulting, Inc.) that have been presented to the Borrowers for payment prior to the date of this Agreement. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.**  **<u>D&O Tail Funding</u>** 

Notwithstanding anything to the contrary in this Agreement or any other Credit Document, the Administrative Agent and the Lenders hereby consent to the payment by the Loan Parties of the "D&O Tail Funding" amount specified in Budget on the earlier of (a) the occurrence of the week specified for such payment in the Budget and (b) the Waiver End Date, whether or not any Default or Event of Default shall then exist.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.**  **<u>Miscellaneous</u>** 

This Agreement may be executed in any number of counterparts (and by different parties hereto on different counterparts), each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by electronic transmission will be effective as delivery of a manually executed counterpart thereof.

The Loan Parties hereby certify to the Administrative Agent and the Lenders that (a) as of the date hereof, no Default or Event of Default (other than the Specified Defaults) has occurred and is existing under the Credit Agreement or any other Credit Document, (b) each of the representations and warranties made by any Loan Party in the Credit Documents (other than the Solvency Representation) is true and correct in all material respects on the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date and (iii) except as expressly modified by this Agreement, each Loan Party acknowledges, ratifies, reaffirms, and agrees that each of the Credit Documents are and will remain in full force and effect and binding on the Loan Parties and are enforceable in accordance with their respective terms and applicable law.

The Loan Parties acknowledge that this Agreement applies only to the terms and provisions of the Credit Documents referenced above and shall not be construed to be a consent in connection with, or a waiver or amendment of, any of the other terms and conditions of the Credit Agreement or any of the other Credit Documents. Any references contained in the Credit Agreement or any other Credit Document to the "Credit Agreement" shall be deemed to refer to the Credit Agreement, as modified hereby and as further amended, restated or otherwise modified after the date hereof.

The agreements contained herein shall not be construed as a consent, waiver or extension of any future violation of the above-referenced provisions or any of the other terms and conditions of the Credit Agreement or any other Credit Documents nor shall the Loan Parties, by receipt of this Agreement, expect that any consent, waiver, forbearance or extension will be given in the future. This Agreement shall be deemed to be a "Credit Document" as such term is defined in the Credit Agreement.

In consideration of the agreements of the Administrative Agent and the Lenders contained in this Agreement and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each of the Loan Parties (collectively, the "<u>Releasors</u>"), on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges the Administrative Agent and each Lender, each of their successors and assigns, each of their respective affiliates, and their respective affiliates' present and former shareholders, members, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (the Administrative Agent, the Lenders and all such other Persons being hereinafter referred to collectively as the "<u>Releasees</u>," and individually as a "<u>Releasee</u>"), of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually a "<u>Claim</u>" and collectively, "<u>Claims</u>") of every name and nature, either known or unknown, both at law and in equity, which Releasors, or any of them, or any of their successors, assigns or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the date hereof, including, without limitation, for or on the account of, or in relation to, or in any way in connection with the Credit Agreement, or any of the other Credit Documents or transactions thereunder or related thereto.

<u>Sections 10.19</u>, <u>10.20</u>, <u>10.21</u>, <u>10.22</u> and <u>10.23</u> of the Credit Agreement apply to this Agreement, *mutatis mutandis*.

Upon the effectiveness hereof, the Limited Waiver shall be amended and restated in its entirety by this Agreement. In no event shall this Agreement be deemed to be or constitute a novation or release of the obligations of Loan Parties under the Limited Waiver.

[*Signatures continued on following pages*]

**IN WITNESS WHEREOF**, the parties have executed this Agreement as of the date first written above.

---

| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| **MANUFACTURERS AND TRADERS TRUST COMPANY**, | **MANUFACTURERS AND TRADERS TRUST COMPANY**, |
| as Administrative Agent and a Lender | as Administrative Agent and a Lender |
| By: | */s/ Shane I. Mitzner* |
| Name: | Shane I. Mitzner |
| Title: | SVP |

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| | |
|:---|:---|
| **FLAGSTAR BANK N.A., ASSIGNEE OF FLAGSTAR SPECIALTY FINANCE COMPANY, LLC (AS SUCCESSOR IN INTEREST TO NYCB SPECIALTY FINANCE COMPANY, LLC)**, | **FLAGSTAR BANK N.A., ASSIGNEE OF FLAGSTAR SPECIALTY FINANCE COMPANY, LLC (AS SUCCESSOR IN INTEREST TO NYCB SPECIALTY FINANCE COMPANY, LLC)**, |
| as a Lender | as a Lender |
| By: | */s/ Robert L. Marsh* |
| Name: | Robert L. Marsh |
| Title: | Senior Vice President |

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---

| | |
|:---|:---|
| **bmo bank n.a. (as successor in** | **bmo bank n.a. (as successor in** |
| **interest to BANK OF THE WEST)**, | **interest to BANK OF THE WEST)**, |
| as a Lender | as a Lender |
| By: | */s/ Brian Hankes* |
| Name: | Brian Hankes |
| Title: | Vice President |

---

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---

| | |
|:---|:---|
| **huntington national bank**, | **huntington national bank**, |
| as a Lender | as a Lender |
| By: | */s/ Barb Kennedy* |
| Name: | Barb Kennedy |
| Title: | Vice President |

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---

| | |
|:---|:---|
| **Wells Fargo Commercial Distribution Finance, LLC**, | **Wells Fargo Commercial Distribution Finance, LLC**, |
| as a Lender | as a Lender |
| By: | */s/ Scott M. Johnstone* |
| Name: | Scott M. Johnstone |
| Title: | Executive Director |

---

M&T / LAZYDAYS A&R LIMITED WAIVER AND CONSENT <br> SIGNATURE PAGE

---

| | |
|:---|:---|
| **rockland trust company**, | **rockland trust company**, |
| as a Lender | as a Lender |
| By: | */s/ Robert Clement* |
| Name: | Robert Clement |
| Title: | Vice President |

---

M&T / LAZYDAYS A&R LIMITED WAIVER AND CONSENT <br> SIGNATURE PAGE

---

| | |
|:---|:---|
| <u>Acknowledged and Agreed</u>: | <u>Acknowledged and Agreed</u>: |
| **LDRV HOLDINGS CORP.** | **LDRV HOLDINGS CORP.** |
| By: | */s/ Ronald K. Fleming* |
| Name: | Ronald K. Fleming |
| Title: | Chief Executive Officer |
| **LAZYDAYS RV AMERICA, LLC** | **LAZYDAYS RV AMERICA, LLC** |
| **LAZYDAYS MILE HI RV, LLC** | **LAZYDAYS MILE HI RV, LLC** |
| **LAZYDAYS OF MINNEAPOLIS LLC** | **LAZYDAYS OF MINNEAPOLIS LLC** |
| **LDRV OF TENNESSEE, LLC** | **LDRV OF TENNESSEE, LLC** |
| **LDRV OF NASHVILLE, LLC** | **LDRV OF NASHVILLE, LLC** |
| **LAZYDAYS OF CENTRAL FLORIDA, LLC** | **LAZYDAYS OF CENTRAL FLORIDA, LLC** |
| **LONE STAR DIVERSIFIED, LLC** | **LONE STAR DIVERSIFIED, LLC** |
| **LAZYDAYS RV OF PHOENIX, LLC** | **LAZYDAYS RV OF PHOENIX, LLC** |
| **LAZYDAYS RV OF ELKHART, LLC** | **LAZYDAYS RV OF ELKHART, LLC** |
| **LAZYDAYS RV OF OREGON, LLC** | **LAZYDAYS RV OF OREGON, LLC** |
| **LAZYDAYS RV OF WISCONSIN, LLC** | **LAZYDAYS RV OF WISCONSIN, LLC** |
| **LAZYDAYS RV OF IOWA, LLC** | **LAZYDAYS RV OF IOWA, LLC** |
| **LAZYDAYS RV OF OKLAHOMA, LLC** | **LAZYDAYS RV OF OKLAHOMA, LLC** |
| **LD OF LAS VEGAS, LLC** | **LD OF LAS VEGAS, LLC** |
| **LAZYDAYS RV OF KNOXVILLE, LLC** | **LAZYDAYS RV OF KNOXVILLE, LLC** |
| **LAZYDAYS RV OF WILMINGTON, LLC** | **LAZYDAYS RV OF WILMINGTON, LLC** |
| **LAZYDAYS RV OF LONGMONT, LLC** | **LAZYDAYS RV OF LONGMONT, LLC** |
| **LDL OF FORT PIERCE, LLC** | **LDL OF FORT PIERCE, LLC** |
| **LAZYDAYS RV OF ST. GEORGE, LLC** | **LAZYDAYS RV OF ST. GEORGE, LLC** |
| **LAZYDAYS RV OF SURPRISE, LLC** | **LAZYDAYS RV OF SURPRISE, LLC** |
| By: | LDRV Holdings Corp., |
|  | its Manager |
| By: | */s/ Ronald K. Fleming* |
| Name: | Ronald K. Fleming |
| Title: | Chief Executive Officer |

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**<u> </u>**

---

| | |
|:---|:---|
| **<u>GUARANTORS</u>:** | **<u>GUARANTORS</u>:** |
| **LAZYDAYS HOLDINGS, INC.** | **LAZYDAYS HOLDINGS, INC.** |
| **LAZY DAYS' R.V. CENTER, INC.** | **LAZY DAYS' R.V. CENTER, INC.** |
| By: | */s/ Ronald K. Fleming* |
| Name: | Ronald K. Fleming |
| Title: | Chief Executive Officer |
| **LAZYDAYS RV OF RENO, LLC** | **LAZYDAYS RV OF RENO, LLC** |
| **LAZYDAYS SUPPORT SERVICES, LLC** | **LAZYDAYS SUPPORT SERVICES, LLC** |
| By: | */s/ Ronald K. Fleming* |
| Name: | Ronald K. Fleming |
| Title: | Chief Executive Officer |

---

M&T / LAZYDAYS A&R LIMITED WAIVER AND CONSENT <br> SIGNATURE PAGE

## Exhibit 99.1

**Exhibit 99.1**

Lazydays and Campers Inn RV Announce Intended Acquisition

Tampa, FL – September 16, 2025 – Lazydays Holdings, Inc. ("Lazydays") (NasdaqCM: GORV) <u>and</u> Campers Inn Holding Corp. ("Campers Inn RV"), the nation's largest family-operated RV dealership group, today announced the entry into a letter of intent ("LOI") for the acquisition by Campers Inn RV or its affiliate of substantially all of the assets of Lazydays and its subsidiaries (the "Transaction").

Ron Fleming, CEO of Lazydays, said:

*"Throughout our 49-year history, Lazydays has played a leading role in the RV industry, recognized for giving our customers a great sales and service experience, and being pivotal to their RV adventures. It has been a transformative few years as an industry, and within Lazydays, while navigating a rapidly evolving industry and an increasingly complex retail landscape. Lazydays was built on the core values of Customer First, Teamwork, Professionalism, Accountability, Family, and Fun, and we have no doubt Campers Inn RV will continue to uphold these values for many years to come with our customers, our employees, and our OEM partners."*

After the closing, Campers Inn RV plans to continue the operation of Lazydays' dealerships in Tucson, AZ; Johnstown, CO; Seffner, FL; Knoxville, TN; and St. George, UT. Campers Inn RV is assessing whether to continue to operate Lazydays' other dealerships after the closing of the Transaction. The LOI states that the Transaction may close in a series of site-by-site closings if mutually agreed by the parties, and that Campers Inn RV's target final closing date is before Thanksgiving and no later than December 1, 2025. The Transaction would expand Campers Inn RV's nationwide presence to 48 dealership locations across 22 states.

If consummated, the acquisition would provide Campers Inn RV with its first entry into Tennessee, Colorado, and Utah. After the closing of the Transaction, Lazydays' Tampa-area dealership in Seffner, FL is expected to operate under the name "Lazydays by Campers Inn RV." In addition, Campers Inn RV plans to grow the Tampa facility through numerous customer rallies, enhanced service, and a unique experience. Lazydays and Campers Inn RV customers alike will benefit from a larger coast-to-coast service network, a broader selection of new and pre-owned RVs, and the support of a dealership group that has been family-owned and operated since 1966.

**Jeff Hirsch, CEO of Campers Inn RV,** said:

 

*"The potential acquisition of Lazydays is more than a business decision; it's a reflection of our shared values and a continuation of the traditions that have guided Campers Inn RV since our founding nearly 60 years ago. Both companies have always believed in treating customers and employees with dignity, respect, and care. Together, we are creating a future that would not only expand our national presence but strengthen the culture of service and integrity that defines who we are.*

 

"*By uniting two legacies under one family of dealerships, Campers Inn RV aims to position itself for long-term success while remaining true to its roots. Customers will be able to expect the same dedication, care, and support they have always known, while employees will find new opportunities to grow in a company that values people first. This acquisition would ensure that the Campers Inn RV and Lazydays traditions will not only endure but thrive for generations to come.*"

 

 

**Ben Hirsch, COO of Campers Inn RV,** added:

*"The Lazydays story is truly a great one in our industry, and one that we are excited for the chance to continue for decades to come. The Tampa location, located on 129 acres, is the largest single-point RV dealership in the world and has a unique offering for customers – offerings that we are excited to enhance for customers' benefit. In addition, adding the locations in Tennessee, Colorado, Arizona, and Utah would enhance our national footprint and allow us to continue to be the largest family-operated RV dealership group. We are in the process of assessing Lazydays' other locations and will make further determinations as we progress through the process."*

 

**Important Additional Information and Risk Factors for Lazydays Stakeholders**

Lazydays urges its stakeholders to read the Current Report on Form 8-K filed by it today with the U.S. Securities and Exchange Commission ("SEC") for additional important information regarding the Transaction, including that the LOI is nonbinding, except with respect to a deposit, exclusivity provisions and a termination fee, and regarding risk factors, including that the estimated purchase price for the Transaction under the terms of the LOI is projected to be less than the total amount of secured and unsecured liabilities of Lazydays and the stockholders of Lazydays may receive no recovery in the Transaction, depending on various future factors and developments through any closing. Lazydays entered into the LOI following a thorough process coordinated by Lazydays' investment banker for Lazydays to evaluate its strategic options and alternatives.

**About Campers Inn RV**

Campers Inn RV is one of the most awarded RV dealers in the country, remains family owned and operated, and is focused on sustainable growth. The company has planned openings for the following locations over the coming months: Myrtle Beach Supercenter, Milford MA, Washington PA – and is expecting to surpass 50 locations in 2026.

For more information about Campers Inn RV, visit www.campersinn.com.

**About Lazydays**

Lazydays has been a prominent player in the RV industry since its inception in 1976, earning a stellar reputation for delivering exceptional RV sales, service, and ownership experiences. Lazydays' commitment to excellence has led to enduring relationships with RVers and their families who rely on Lazydays for all of their RV needs.

Lazydays' wide selection of RV brands from top manufacturers, state-of-the-art service facilities, and an extensive range of accessories and parts ensure that Lazydays is the go-to destination for RV enthusiasts seeking everything they need for their journeys on the road. Whether you're a seasoned RVer or just starting your adventure, the dedicated team is here to provide outstanding support and guidance, making your RV lifestyle truly extraordinary.

Lazydays is a publicly listed company on the Nasdaq stock exchange under the ticker "GORV."

**Forward Looking Statements**

This press release includes "forward-looking statements" within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding Campers Inn RV's and Lazydays' goals, plans, projections and guidance regarding the parties' financial and liquidity position, results of operations, market position, pending and potential future transactions and business strategy, and often contain words such as "may," "will," "possible," "project," "outlook," "expect," "anticipate," "intend," "plan," "believe," "estimate," "seek," "would," "should," "likely," "goal," "strategy," "future," "maintain," "continue," "remain," or "target" and similar references to future periods. Examples of forward-looking statements in this press release include, among others, all nonbinding statements in the LOI, statements regarding the consummation of the proposed Transaction and the anticipated benefits thereof, including the timing and anticipated closing date of the Transaction.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events that depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future results or occurrences, and the actual results or occurrences may differ materially from those made in the forward-looking statements in this press release. The risks and uncertainties that could cause actual results or occurrences to differ materially from forward-looking statements include, without limitation: future economic and financial conditions (both nationally and locally); changes in customer demand; the parties' relationship with, and the financial and operational stability of, vehicle manufacturers and other suppliers; risks associated with Lazydays' indebtedness (including its ability to obtain further waivers or amendments to credit agreements, the actions or inactions of its lenders, available borrowing capacity, its compliance with covenants and its ability to refinance or repay indebtedness on terms acceptable to Lazydays); acts of God or other incidents which may adversely impact the parties' operations and financial performance; government regulations; legislation; the risk that the Transaction does not close when expected or at all; the risk that the benefits from the Transaction may not be fully realized or may take longer to realize than expected; the ability to promptly and effectively integrate the operations of Lazydays' dealerships following the closing of the Transaction; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risks and potential adverse reactions of the parties' customers, employees or other business partners; the diversion of the parties' management's attention and time from ongoing business operations and opportunities due to the Transaction; and the risks set forth under the heading "Additional Risk Factors" in the Form 8-K filed by Lazydays with the SEC on the date hereof; and other risks and uncertainties set forth throughout under the headers "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and in the notes to Lazydays' financial statements, in Lazydays' most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and from time to time in its other filings with the SEC. We urge you to carefully consider this information and not place undue reliance on forward-looking statements.

There can be no assurance that the Transaction will be completed, or if it is completed, that it will close within the anticipated time period. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. The forward-looking statements relate only to events as of the date on which the statements are made. Neither Lazydays nor Campers Inn RV undertakes to update or revise, and expressly disclaims any obligation to update or revise, any of their forward-looking statements, whether resulting from circumstances or events that arise after the date the statements are made, new information, or otherwise, except as required by law.