# EDGAR Filing Document

**Accession Number:** 0001721741
**File Stem:** 0001641172-25-021971
**Filing Date:** 2025-8
**Character Count:** 31312
**Document Hash:** a1de034db1a959107cd0c47dbf2e338d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-021971.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0001641172-25-021971

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250731

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

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250804

**DATE AS OF CHANGE**: 20250801

**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:** 251177717

**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): | **July 31, 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** |

---

**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 |

---

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.**

*Waiver and Consent with Respect to Credit Agreement*

On July 31, 2025, Lazydays Holdings, Inc. (the "***Company***") entered into a 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 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 on or about August 1, 2025; (b) the failure to make certain interest payments on July 31 and August 1, 2025; (c) the failure to repay certain 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 inaccuracy of the Company's solvency representation; 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 July 31, 2025 and lasting until the earlier to occur of (x) 11:59 P.M. (Eastern Time) on September 12, 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 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 Administrative Agent and the Lenders may agree in their sole discretion to release funds from the Cash Collateral Reserve to the Company upon its written request. At the end of the Waiver Period, funds in the Cash Collateral Reserve may be applied to obligations outstanding under the Credit Agreement.

Among other covenants, the Waiver requires the Company to (i) by August 15, 2025, negotiate with the Administrative Agent to assist the Administrative Agent in developing and finalizing contingency procedures for the Company's business and assets and deliver a contingency budget for the business and (ii) by August 22, 2025, either (x) deliver one or more indications of interest with respect to a transaction acceptable to the Administrative Agent and the Lenders pursuant to which the Company will raise new capital through one or more asset sales and/or debt or equity capital raises or (y) deliver to the Administrative Agent drafts of any initial filings the Company intends to make in connection with any potential action under applicable debtor relief laws.

The Waiver also permanently decreases the lenders' aggregate commitments in respect of the Floor Plan Credit Facility from $245,000,000 to $225,000,000.

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 10.1 hereto and incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

(d) *Exhibits* 

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Limited Waiver and Consent with Respect to Credit Agreement, dated July 31, 2025, by and among LDRV Holdings Corp., the other loan parties party thereto, each of the lenders and Manufacturers and Traders Trust Company.](ex10-1.htm) |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). |

---

**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.

---

| | | |
|:---|:---|:---|
|  | **LAZYDAYS HOLDINGS, INC.** | **LAZYDAYS HOLDINGS, INC.** |
| August 1, 2025 | By: | */s/ Ronald K. Fleming* |
| Date |  | Ronald K. Fleming |
|  |  | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

***Execution Version***

Dated and effective as of July 31, 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>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 and (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>"), 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;&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 Date occurring on or about August 1, 2025, (b) the Interest Payment Covenant for the Interest Payment Dates occurring on July 31, 2025 and August 1, 2025 (as applicable) and (c) the Mandatory Prepayment Covenant and the Tulsa Proceeds Covenant with respect the sale of the Tulsa Facility, (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 (as defined below) 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;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Limited Waiver</u>

Subject to the satisfaction of the conditions set forth in <u>Section 6</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 September 12, 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;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Cash Collateral Reserve</u>

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>"). Administrative Agent and the Lenders may agree in their sole and absolute discretion to release funds from the Cash Collateral Reserve to the Borrowers upon the Borrowers' prior written request (which request may be by electronic mail) together with any related information requested by Administrative Agent and the Lenders.

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;&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 $225,000,000 effective as of the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Covenants</u>

In addition to and without limitation of the covenants contained in the Credit Documents (including, without limitation, <u>Section 8</u> of the Fourth Amendment), 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. On
 or before August 15, 2025 (or such later date approved by the Required Lenders in their sole discretion (which approval may be by
 electronic mail)), the Loan Parties shall (a) to the extent permitted by Delaware law, negotiate with the Administrative Agent to
 assist the Administrative Agent in developing and finalizing contingency procedures for the Loan Parties' business and assets,
 and (b) deliver a contingency budget for the Loan Parties' businesses, in each case in form and substance acceptable to the
 Administrative Agent.

ii. On
 or before August 22, 2025 (or such later date approved by the Required Lenders in their sole discretion (which approval may be by
 electronic mail)), the Loan Parties shall either (x) deliver to the Administrative Agent one or more IOIs for one or more Transactions
 (as such terms are defined in the Fourth Amendment), in each case acceptable to the Administrative Agent, the Lenders and the Loan
 Parties (collectively, an " <u>Acceptable IOI</u> ") or (y) if the Loan Parties fail to timely deliver an Acceptable IOI,
 comply with Section 5(iv) below.

iii. In
 the event the Loan Parties timely deliver an Acceptable IOI, the Loan Parties shall promptly (i) negotiate and enter into definitive
 documentation for the transactions contemplated thereby and (ii) deliver to the Administrative Agent (A) a projected budget for the
 Loan Parties through the anticipated closing of such transactions and (B) a proposed plan for the Loan Parties' remaining locations
 not included in such transactions, in each case in form and substance acceptable to the Administrative Agent.

iv. In
 the event the Loan Parties fail to timely deliver an Acceptable IOI:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the
 Loan Parties shall promptly deliver to the Administrative Agent (1) drafts of all initial filings that the Loan Parties intend to
 make in connection with any potential action under applicable debtor relief laws and (2) if applicable, a projected budget for the
 Loan Parties in connection with any such action; and

b. the
 Loan Parties shall incorporate any reasonable comments with respect to the terms of such documents and budget that reasonably impact
 the Administrative Agent and/or the Lenders and will negotiate with the Administrative Agent in good faith to attempt to reach an
 agreement regarding the material aspects of such action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Until
 the transactions contemplated by an Acceptable IOI are closed or the Loan Parties fail to timely deliver an Acceptable IOI, the Loan
 Parties shall cause the Investment Banker to provide the Administrative Agent or its advisors a written weekly update on the Transaction
 marketing process including: (a) a list of target parties contacted, including the nature of the target parties (e.g., prospective
 buyers, lenders and equity providers, etc.), (b) the status of the target parties (e.g., negotiating NDA, entered data room, attended
 management presentation, etc.), (c) a summary of data room activity by target parties, (d) a general diligence tracker and (e) a
 list of target parties that passed and reasoning (if applicable).

vi. Until
 the transactions contemplated by an Acceptable IOI are closed or the Loan Parties fail to timely deliver an Acceptable IOI, 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 marketing process and Transaction(s).

vii. 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 failure of the Loan Parties to comply with the agreements set forth in this <u>Section 5</u> hereof 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;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Conditions Precedent</u>

This Agreement shall become effective upon:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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' consummation of the Tulsa Sale and application of the Tulsa Sale Proceeds in accordance with <u>Section 6(c)(ii)</u> of the Fourth Amendment (other than as provided in <u>Section 3</u> above), including, without limitation, the repayment in full
 of the outstanding obligations under the Coliseum Agreement; and

iii. the
 Borrowers' payment of 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;&nbsp;&nbsp;&nbsp;&nbsp;7. <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*.

[*Signatures continued on following pages*]

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

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| | |
|:---|:---|
| 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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M&T / LAZYDAYS LIMITED WAIVER AND CONSENT

SIGNATURE PAGE

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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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M&T / LAZYDAYS LIMITED WAIVER AND CONSENT

SIGNATURE PAGE

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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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M&T / LAZYDAYS LIMITED WAIVER AND CONSENT

SIGNATURE PAGE

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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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M&T / LAZYDAYS LIMITED WAIVER AND CONSENT

SIGNATURE PAGE

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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 |

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M&T / LAZYDAYS LIMITED WAIVER AND CONSENT

SIGNATURE PAGE

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

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M&T / LAZYDAYS LIMITED WAIVER AND CONSENT

SIGNATURE PAGE

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| | |
|:---|:---|
| <u>Acknowledged and Agreed</u>: | <u>Acknowledged and Agreed</u>: |
| **LDRV HOLDINGS CORP.** | **LDRV HOLDINGS CORP.** |
| By: | */s/ Ron Fleming* |
| Name: | Ron Fleming |
| Title: | Chief Executive Officer |
| **LAZYDAYS RV AMERICA, LLC** | **LAZYDAYS RV AMERICA, LLC** |
| **LAZYDAYS RV DISCOUNT, LLC** | **LAZYDAYS RV DISCOUNT, 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 RV OF CHICAGOLAND, LLC** | **LAZYDAYS RV OF CHICAGOLAND, 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/ Ron Fleming* |
| Name: | Ron Fleming |
| Title: | Chief Executive Officer |

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| | |
|:---|:---|
| **<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/ Ron Fleming* |
| Name: | Ron Fleming |
| Title: | Chief Executive Officer |
|  | **LAZYDAYS RV OF MARYVILLE, LLC** |
|  | **LAZYDAYS RV OF RENO, LLC** |
|  | **LAZYDAYS SUPPORT SERVICES, LLC** |
| By: | */s/ Ron Fleming* |
| Name: | Ron Fleming |
| Title: | Chief Executive Officer |

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M&T / LAZYDAYS LIMITED WAIVER AND CONSENT

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