Document:

Amended and Restated Rights Agreement dated June 4, 2012

 EXHIBIT 10.1 
 AMENDED AND RESTATED RIGHTS AGREEMENT 
 This AMENDED AND RESTATED RIGHTS
AGREEMENT (the “Agreement”) dated as of June 4, 2012 is by and between Penske Automotive Group, Inc., a Delaware corporation (“PAG”) and Penske Truck Leasing Corporation, a Delaware corporation
(“PTLC”). Capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in the Partnership Agreement. 
 RECITALS 
 WHEREAS, PTLC, PTLC’s former wholly-owned
subsidiaries, PTLC Holdings Co., LLC, a Delaware limited liability company (“PTLC-LLC”) and PTLC2 Holdings Co., LLC, a Delaware limited liability Company (“PTLC2-LLC”), and PAG are parties to the Rights Agreement dated as of
June 26, 2008 (the “Rights Agreement”); 
 WHEREAS, PTLC-LLC and PTLC2-LLC were merged into PTLC with PTLC
as the surviving entity; 
 WHEREAS, PAG and PTLC are partners under the Fourth Amended and Restated Agreement of Limited
Partnership of Penske Truck Leasing Co., L.P. dated April 30, 2012 (the “New Partnership Agreement”) which amended and restated in its entirety the Third Amended and Restated Agreement of Limited Partnership of Penske Truck Leasing
Co., L.P. dated March 26, 2009 which, in turn, amended and restated in its entirety that Amended and Restated Agreement of Limited Partnership of Penske Truck Leasing Co., L.P. dated July 18, 1988, as amended by a series of amendments and
restatements. 
 WHEREAS, PAG and PTLC are members under the Amended and Restated Limited Liability Agreement of LJ VP
Holdings LLC dated April 30, 2012 (the “LLC Agreement”). 
 WHEREAS, PTLC and PAG desire to amend and
restate the Rights Agreement to reflect the existence of the New Partnership Agreement and the LLC Agreement and to conform paragraph cross-references to the text of the New Partnership Agreement. 

NOW, THEREFORE, in consideration of the mutual promises and obligations hereinafter set forth and in the other agreements executed
between the parties on April 30, 2012, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 
 ARTICLE I RIGHTS 
 Section 1.1 Notice Right. PAG, on the one
hand, and PTLC, on the other hand, hereby agree that in the event either of them receives any Offers or written notices under Article 9 of the New Partnership Agreement or under Article 9 of the LLC Agreement that each will promptly forward a copy
of the related correspondence to the other. 

 Section 1.2 Additional Rights. Neither PAG nor PTLC shall exercise any of its rights in Sections
9.3 and 9.4 of the New Partnership Agreement or the corresponding sections of the LLC Agreement without providing the other with a reasonable period of time under the circumstances to consider the necessary action and respond accordingly.
Specifically, (1) PTLC shall not commence any Offer under Sections 9.3(c)(I) or 9.3(c)(II) or the corresponding sections of the LLC Agreement or accept an offer from a third party to acquire such party’s Partnership Interest without first
notifying PAG of the proposed Transfer opportunity and providing PAG with a pro rata opportunity to join in such Transfer under the terms offered, (2) PAG shall not commence any Offer under Sections 9.3(c)(I), 9.3(c)(II), 9.3(d) or 9.3(e) or
the corresponding section of the LLC Agreement or accept an offer from a third party to acquire PAG’s Partnership Interest or Member Interest without first notifying PTLC of the proposed Transfer opportunity and providing PTLC with a right of
first refusal of all or a portion of the proposed Transfer under the terms proposed, (3) neither party shall accept or decline any Offer under Sections 9.3 (c)(I), 9.3(c)(II), 9.3(d) or 9.3(e) of the New Partnership Agreement or the
corresponding section of the LLC Agreement without first consulting with the other party and assuring in any response, such other party’s response is conveyed in accordance with their instruction on a pro rata basis, and (4) neither party
shall exercise any right under Section 9.4(b) of the New Partnership Agreement or Section 9.4(b) of the LLC Agreement without first consulting with the other party and assuring in any response, such other party’s response is conveyed
in accordance with their instruction. 
 ARTICLE II TERMINATION 
 Section 2.1 Termination. This Agreement may be terminated at any time by mutual written consent of the parties and shall terminate at such time as either PAG or PTLC have no further limited or
general partnership ownership interest under the Partnership Agreement and further member interest under the LLC Agreement. 
 ARTICLE III
MISCELLANEOUS 
 Section 3.1 Amendments and Waivers. This Agreement may be amended, modified, supplemented or
waived only upon the written agreement of the parties to the Agreement at that time. 
 Section 3.2 Successors and
Assign. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and the personal representatives and assigns of the parties hereto, whether so expressed or not.

 Section 3.3 Entire Agreement. This Agreement (with the documents referred to herein or delivered pursuant hereto
and together with the Agreement) embodies the entire agreement and understanding between the parties hereto and supersedes all prior agreements and understandings relating to the subject matter hereof. 

Section 3.4 Governing Law. This Agreement shall be construed and enforced in accordance with and governed by the laws of the
State of Michigan without giving effect to the conflicts of law principles thereof which might result in the application of the laws or any other jurisdiction. 
 Section 3.5 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. All
signatures need not appear on any one counterpart. 

 Section 3.6 Severability. Any term or provision of this Agreement which is
invalid or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or
affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. 

Section 3.7 Specific Performance. The parties hereto acknowledge that there would be no adequate remedy at law if any party
fails to perform any of its obligations hereunder, and accordingly agree that each party, in addition to any other remedy to which it may be entitled at law or in equity, shall be entitled to injunctive relief, including specific performance, to
enforce such obligations without the posting of any bond, and, if any action should be brought in equity to enforce any of the provisions of this Agreement, none of the parties hereto shall raise the defense that there is an adequate remedy at law.

 Section 3.8 Further Assurances. Each party hereto shall do and perform or cause to be done and performed all such further acts
and things and shall execute and deliver all such other agreements, certificates, instruments, and documents as any other party hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement and the
consummation of the transactions contemplated hereby. 
 IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the date first above written. 
  

									
	PENSKE TRUCK LEASING CORPORATION	  		  	PENSKE AUTOMOTIVE GROUP, INC.
		 		  		  		 	
	By:	 	 /s/ Walter P. Czarnecki
	  		  	By:	 	 /s/ David K. Jones

	Name:	 	Walter P. Czarnecki	  		  	Name:	 	David K. Jones
	Title:	 	Exec. V.P.	  		  	Title:	 	EVP & CFOEX-10.21.1

 Exhibit 10.21(1) 

AMENDMENT NUMBER THREE 
 THIS AMENDMENT NUMBER THREE dated this 25th day of July, 2012 is to that certain Inventory Financing Agreement entered into by and between GE Commercial Distribution Finance Corporation
(“CDF”) and the undersigned Dealers (each, individually, a “Dealer” and, collectively, “Dealers”) dated June 24, 2010 (as amended, supplemented or otherwise modified from time to time, the
“Financing Agreement”). 
 WHEREAS, the parties hereto desire to amend the Financing Agreement in certain
respects; 
 NOW THEREFORE, in consideration of the premises and of other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the parties, the parties hereby agree as follows: 
 1. The first sentence of
Section 17 of the Financing Agreement is hereby deleted and is replaced with the following: 
 “Unless sooner
terminated as provided in this Agreement, the term of this Agreement shall commence on the date hereof and continue until June 24, 2015 and, if CDF provides written notice to Dealers of CDF’s intent to renew the current term at least
ninety (90) days prior to the end of the then current term, at CDF’s sole election and subject to Dealer’s consent, the term of this Agreement shall automatically renew for up to two successive one year periods thereafter.”

 2. Each reference in the Financing Agreement, the RCCRA Agreement, the Program Terms Letter, and any other document,
instrument or agreement related thereto or executed in connection therewith (collectively, the “Documents”) to the Financing Agreement shall be deemed to refer to the Financing Agreement as amended by this Amendment Number Three.
Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Financing Agreement. 

3. Each Dealer represents and warrants to CDF that (a) all representations and warranties of Dealer in the Financing Agreement and
the other Documents are true and correct as of the date hereof, (b) such Dealer has all the necessary authority to enter into and perform this Amendment Number Three, (c) this Amendment Number Three, the Financing Agreement, the RCCRA
Agreement, and the Program Terms Letter are the legal, valid and binding obligations of such Dealer, enforceable against Dealer in accordance with their terms, (d) the execution, delivery and performance of this Amendment Number Three will not
violate (i) such Dealer’s organizational documents, (ii) any agreement binding upon it, unless such violation could not result, individually or in the aggregate, in a Material Adverse Effect, or (iii) any law, rule, regulation,
order or decree, unless such violation could not result, individually or in the aggregate, in a Material Adverse Effect, (e) neither a Default nor an event which, with the giving of notice, the passage of time, or both, would result in a
Default has occurred and is continuing, and (f) the obligations of Dealer to repay the Advances and to perform the Obligations are absolute and unconditional, and there exists no right of setoff or recoupment, counterclaim or defense of any
nature whatsoever to payment or performance of the Obligations. 

  

					
	 Amendment Number Three to

Inventory Financing Agreement
  
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	  	1	  	

 4. All other terms and provisions of the Financing Agreement shall remain in full force and
effect except as modified pursuant to this Amendment Number Three. In the event of any inconsistency between the terms of this Amendment Number Three and any Document, this Amendment Number Three shall govern. Each Dealer acknowledges that it has
consulted with counsel and with such other experts and advisors as it has deemed necessary in connection with the negotiation, execution and delivery of this Amendment Number Three. This Amendment Number Three shall be construed without regard to
any presumption or rule requiring that it be construed against the party causing this Amendment Number Three or any part hereof to be drafted. 
 5. This Amendment Number Three shall not be construed to: (a) impair the validity, perfection or priority of any lien or security interest securing the Obligations; (b) waive or impair any
rights, powers or remedies of CDF under the Documents; (c) constitute an election of remedies to the exclusion of any other remedies; (d) constitute an agreement by CDF or require CDF to waive any existing or future Default or any event
which, with the giving of notice, the passage of time, or both, would result in a Default, to grant any forbearance period, or to extend the term of the Financing Agreement or the time for payment of the Obligations; or (e) constitute an
agreement by CDF to make any further Advances or other extensions of credit to Dealers except as required by and subject to the terms and conditions of the Financing Agreement as amended hereby. The execution of this Amendment Number Three and
acceptance of any documents related hereto shall not be deemed to be a waiver of any Default or any event which, with the giving of notice, the passage of time, or both, would result in a Default, under the Financing Agreement or breach, default or
event of default under any other Document, whether or not known to CDF and whether or not existing on the date hereof. 
 6.
Dealers hereby confirm that Dealers have formed the following additional Dealer Affiliates: My Web Services, LLC, a Delaware limited liability company wholly owned by MarineMax, Inc., MarineMax Charter Services LLC, a Delaware limited liability
company wholly owned by MarineMax East, Inc. and MarineMax Vacations Ltd., a BVI entity wholly owned by MarineMax East, Inc. (collectively, the “New Subsidiaries”). Dealers hereby covenant and agree that, within thirty
(30) days of written request from CDF, Dealers will take all actions requested by CDF to address the creation of the New Subsidiaries, which actions may include but will not be limited to delivery to CDF of due diligence information with
respect to the New Subsidiaries, amendments to the Documents, authorizations for the filing of UCC-1 financing statements with respect to the New Subsidiaries and opinions of counsel and delivery of such further documents and taking of such further
actions as may be requested by CDF. 
 7. Each Dealer hereby ratifies and confirms the Financing Agreement, as amended hereby,
and each other Document executed by such Dealer in all respects. 
 8. Dealers hereby release, remise, acquit and forever
discharge CDF and its affiliates, employees, agents, representatives, consultants, attorneys, fiduciaries, servants, officers, directors, partners, participants, predecessors, successors and assigns, subsidiary corporations, parent corporations and
related corporate divisions (collectively, “Released Parties”) from any and all actions and causes of action, judgments, executions, suits, debts, claims, demands, liabilities, obligations, damages and expenses of any and every
character, 

  

					
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Inventory Financing Agreement
  
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known or unknown, direct and/or indirect, at law or in equity, of whatsoever kind or nature, whether heretofore or hereafter arising, for or because of any matter or thing done, omitted or
suffered to be done by any Released Party prior to and including the date of execution hereof and in any way directly or indirectly arising out of or in any way connected to this Amendment Number Three and the Documents, including without limitation
claims relating to any settlement negotiations (collectively, the “Released Matters”). Dealers acknowledge that the agreements in this Section 7 are intended to be in full satisfaction of all or any alleged injuries or
damages arising in connection with the Released Matters. Dealers represent and warrant to CDF that they have not purported to transfer, assign or otherwise convey any right, title or interest in any Released Matter to any other person or entity and
that the foregoing constitutes a full and complete release of all Released Matters. 
 9. This Amendment Number Three shall be
binding upon, inure to the benefit of and be enforceable by the parties hereto and their participants, successors and assigns. No other person or entity shall be entitled to claim any right or benefit hereunder, including the status of a third-party
beneficiary of this Amendment Number Three. 
 10. Except as expressly set forth herein, there are no agreements or
understandings, written or oral, among the parties hereto relating to this Amendment Number Three or the Financing Agreement that are not fully and completely set forth herein or therein. All representations, warranties, covenants, agreements,
undertakings, waivers, and releases of Dealers contained herein shall survive the payment and performance in full of the Obligations. 
 11. Any provision of this Amendment Number Three which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or
unenforceability without invalidating the remaining provisions of this Amendment Number Three or affecting the validity or enforceability of such provision in any other jurisdiction. 

12. This Amendment Number Three may be executed in any number of counterparts, each of which counterparts, once they are executed and
delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same agreement. This Amendment Number Three may be executed by any party to this Amendment Number Three by original
signature, facsimile and/or electronic signature. 
 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment
Number Three as of the date first above written. 
 DEALERS: 
  

			
	MARINEMAX, INC.
		
	By:	 	 /s/ Kurt M. Frahn

	Print Name:	 	Kurt M. Frahn
	Title:	 	Vice President of Finance, Treasurer and Assistant Secretary

  

					
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Inventory Financing Agreement
  
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	MARINEMAX EAST, INC.
		
	By:	 	 /s/ Kurt M. Frahn

	Print Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary
	
	MARINEMAX SERVICES, INC.
		
	By:	 	 /s/ Kurt M. Frahn

	Print Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary
	
	MARINEMAX NORTHEAST, LLC
		
	By:	 	 /s/ Kurt M. Frahn

	Print Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary
	
	BOATING GEAR CENTER, LLC
	By: MARINEMAX EAST, INC., the sole member of Boating Gear Center, LLC
			
	        By:	 		 	 /s/ Kurt M. Frahn

	        Print Name:	 		 	Kurt M. Frahn
	        Title:	 		 	Assistant Secretary
	
	US LIQUIDATORS, LLC
		
	By:	 	 /s/ Kurt M. Frahn

	Print Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary

  

					
	 Amendment Number Three to

Inventory Financing Agreement
  
 KCP-4244375-5
	  	4	  	

			
	NEWCOAST FINANCIAL SERVICES, LLC
		
	By:	 	 /s/ Kurt M. Frahn

	Print Name:	 	Kurt M. Frahn
	Title:	 	Assistant Secretary
	
	CDF:
	
	GE COMMERCIAL DISTRIBUTION FINANCE CORPORATION
		
	By:	 	 /s/ John Zeblacki

	Print Name:	 	John Zeblacki
	Title:	 	Underwriting Leader

  

					
	 Amendment Number Three to

Inventory Financing Agreement
  
 KCP-4244375-5
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