Document:

SHARE CONTRIBUTION AGREEMENT

 

THIS AGREEMENT
is made and entered on December 6, 2018 by and between Exceed World, Inc, a Delaware corporation, (the "Transferor")
and Force Internationale Limited, a Cayman Island limited company ( the "Transferee");

 

WHEREAS, the Transferor
is the one hundred percent (100%) of record owner and holder of the issued and outstanding shares of the capital stock of School
TV Co., Ltd, a Japan corporation, (“School TV”) which the Transferor has issued capital stock of 10 shares of no par
value common stock; and

 

WHEREAS, the Transferee
desires to acquire from the Transferor and the Transferor desires to .transfer to the Transferee 10 shares of common stock of School
TV (the “School TV Stock”) without consideration, upon the terms and subject to the conditions hereinafter set forth;

 

NOW, THEREFORE,
in consideration of the mutual covenants and agreements contained in this Agreement, and in order to consummate the transfer of
the School TV's Stock aforementioned, it is hereby agreed as follows:

  

1. TRANSFER. Subject
to the terms and conditions hereinafter set forth, at the closing of the transaction contemplated hereby, the Transferor shall
convey, transfer, and deliver to the Transferee certificates representing the School TV's Stock, and the the Transferee shall acquire
from the Transferor the School TV's Stock without consideration. The closing of the transactions contemplated by this Agreement
("Closing") shall be held at Osaka, Japan, on December 6, 2018, or such other place, date and time as the parties hereto
may otherwise agree.

 

2. EFFECTIVE DATE.
The effective date of this Agreement shall be December 6, 2018.

 

3. REPRESENTATIONS
AND WARRANTIES OF SELLER. The Transferor hereby warrants and represents:

 

(a) Organization and
Standing. School TV is a corporation duly organized, validly existing and in good standing under the laws of Japan and has
the corporate power and authority to carry on its business as it is now being conducted.

 

(b) Restrictions on Stock.

 

i. The Transferor is not
a party to any agreement, written or oral, creating rights in respect to the School TV's Stock in any third person or relating
to the voting of the School TV's Stock.

 

ii. Transferor is the lawful
owner of the School TV's Stock, free and clear of all security interests, liens, encumbrances, equities and other charges.

 

iii. There are no existing
warrants, options, stock purchase agreements, redemption agreements, restrictions of any nature, calls or rights to subscribe of
any character relating to the stock, nor are there any securities convertible into such stock.

 

4. REPRESENTATIONS
AND WARRANTIES OF TRANSFEROR AND TRANSFEREE. The Transferor and the Transferee hereby represent and warrant that there has
been no act or omission by he Transferor, the Transferee or School TV which would give rise to any valid claim against any of the
parties hereto for a brokerage commission, finder's fee, or other like payment in connection with the transactions contemplated
hereby.

 

5. GENERAL PROVISIONS

 

(a) Entire Agreement.
This Agreement (including the exhibits hereto and any written amendments hereof executed by the parties) constitutes the entire
Agreement and supersedes all prior agreements and understandings, oral and written, between the parties hereto with respect to
the subject matter hereof.

 

(b) Sections and Other
Headings. The section and other headings contained in this Agreement are for reference purposes only and shall not affect the
meaning or interpretation of this Agreement.

 

(c) Governing Law.
This agreement and all transactions contemplated hereby, shall be governed by, construed and enforced in accordance with the laws
of Japan. The parties herein waive trial by jury and agree to submit to the personal jurisdiction and venue of a court of subject
matter jurisdiction located in Tokyo, Japan. In the event that litigation results from or arises out of this Agreement or the performance
thereof, the parties agree to reimburse the prevailing party's reasonable attorney's fees, court costs, and all other expenses,
whether or not taxable by the court as costs, in addition to any other relief to which the prevailing party may be entitled.

 

 

 

IN WITNESS WHEREOF,
this Agreement has been executed by each of the individual parties hereto on the date first above written.

 

Signed, sealed and delivered in the presence
of:

 

Transferor: Exceed World, Inc.

By: /s/ Tomoo Yoshida

Chie Executive Officer

Transferee: Force Internationale
Limited

By: /s/ Tomoo Yoshida

DirectorExhibit 10.1

 

SECOND
AMENDMENT

TO
CREDIT AGREEMENT

 

THIS
SECOND AMENDMENT TO CREDIT AGREEMENT (“Amendment”) is dated to be effective as of the 6th day of
December, 2018 (“Effective Date”), by and between: (a) MANUFACTURERS AND TRADERS TRUST COMPANY, a New York banking
corporation, as Administrative Agent (“Administrative Agent”); (b) the undersigned lender (the “Lender”)
which is a party to the “Credit Agreement” (as defined below); and (c) LDRV HOLDINGS CORP., a Delaware corporation,
LAZYDAYS RV AMERICA, LLC, LAZYDAYS RV DISCOUNT, LLC, LAZYDAYS MILE HI RV, LLC, and LAZYDAYS OF MINNEAPOLIS LLC, each a Delaware
limited liability company (each a “Borrower” and, collectively, the “Borrowers”), and (c) LAZYDAYS HOLDINGS,
INC., a Delaware corporation (“Pubco Guarantor”), LAZY DAYS’ R.V. CENTER, INC., a Delaware corporation (“Parent
Guarantor”), and LAZYDAYS LAND HOLDINGS, LLC, a Delaware limited liability company (together with Pubco Guarantor and Parent
Guarantor, collectively, the “Guarantors”). The Borrowers and the Guarantors are collectively referred to in this
Amendment as the “Obligors.” The Administrative Agent and the Lender are collectively referred to in this Amendment
as the “Credit Parties.” The Borrowers, the Guarantors, and the Credit Parties are collectively referred to as the
“Parties.”

 

RECITALS

 

The
Administrative Agent, the Lender party thereto, and the Borrowers have entered into a Credit Agreement dated as of March 15, 2018,
as amended pursuant to the First Amendment to Credit Agreement dated as of June 30, 2018, and modified pursuant to the Joinder
Agreement and Counterpart dated August 7, 2018 by Lazydays of Minneapolis LLC as an additional co-Borrower (as so amended and
modified, the “Credit Agreement”), and the various other “Credit Documents,” as such term is defined in
the Credit Agreement. All terms used in this Amendment without definition shall have the respective meanings given such terms
in the Credit Agreement.

 

The
Guarantors have executed and delivered to the Credit Parties a Guaranty Agreement dated as of March 15, 2018 (the “Guaranty
Agreement”) and various other Credit Documents in connection with the Credit Agreement.

 

The
Borrowers have requested that, in connection with the acquisition (“TN Acquisition”) of the assets of Tennessee RV
Sales and Service, LLC (“Seller”) by LDRV of Tennessee, LLC, a Delaware corporation (“LDVR TN”), and new
Subsidiary of the Borrower, which will join the into the Credit Agreement as a joint and several co-Borrower effective as of December
6, 2018, (a) the Letter of Credit Sublimit be increased from $500,000 to $1,000,000, (b) the present Dollar limitation
on unsecured Indebtedness set forth in the Credit Agreement be increased from $5,000,000 to $15,000,000, and (c) certain other
amendments be made to the Credit Agreement in connection therewith.

 

The
Administrative Agent and the Lender have agreed to enter into this Amendment with the Obligors in order to amend the Credit Agreement
to provide for the requested amendments upon the terms and conditions set forth herein.

 

NOW,
THEREFORE, in consideration of the premises, and other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the Parties hereby agree as follows.

 

AGREEMENT

 

Section
1. Acknowledgment And Reaffirmation Of Obligations. Each of the Obligors acknowledges and affirms that: (a) the Credit
Documents are the valid and binding obligation of each of them that is a signatory thereto; (b) the Credit Documents are enforceable
in accordance with all stated terms; and (c) none of them has any defenses, claims of offset, or counterclaims against the enforcement
of the Credit Documents in accordance with all stated terms.

 

Section
2. Amendment And Modification of Credit Agreement. The Credit Agreement is hereby amended and modified as follows:

 

a.       Section
1.01 of the Credit Agreement is hereby amended to amend and restate in their entirety, the respective definitions set forth below:

 

    	 	1	 

    	 

    

 

“Eligible
Assignee” means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund, and (d) any other Person (other than
those Persons expressly excluded below) approved (each such approval not to be unreasonably withheld or delayed) by (i) in all
cases, the Administrative Agent, (ii) in the case of any assignment of a Floor Plan Loan Commitment, M&T Bank as the provider
of M&T Advances, (iii) in the case of any assignment of a Revolving Credit Commitment, the Issuing Bank, and the Swingline
Lender, and (iv) unless either a Default or Event of Default has occurred and is continuing, the Borrowers; provided that
notwithstanding the foregoing, the definition of “Eligible Assignee” shall not include (A) any Defaulting Lender or
a Subsidiary thereof, (B) any natural Person (or a holding company, investment vehicle or trust for, or owned and operated for
the primary benefit of a natural Person), or (C) any Loan Party or any Affiliate or Subsidiary of a Loan Party. The Borrowers
shall be deemed to have approved any proposed assignee unless the Borrowers object to such proposed assignee by written notice
to the Administrative Agent within five (5) Business Days after having received notice of the proposal of such assignee.

 

“Letter
of Credit Sublimit” means an amount equal to One Million Dollars ($1,000,000.00).

 

“Required
Lenders” means, as of any date of determination, (a) if there are one or two Lenders, all Lenders; (b) if there are
three Lenders, at least two Lenders who hold in the aggregate at least sixty-six and two-thirds percent (66.67%) of either (i)
the total Commitments of all Lenders, or (ii) in the event the Commitments have been terminated, the aggregate outstanding Loans
of all Lenders, and (c) if there are four or more Lenders, at least two Lenders who hold in the aggregate more than fifty percent
(50%) of either (i) the total Commitments of all Lenders, or (ii) in the event the Commitments have been terminated, the aggregate
outstanding Loans of all Lenders, including the Administrative Agent; provided that for purposes of calculating the “Required
Lenders,” the Commitments and Loans of any Defaulting Lenders shall be deemed zero.

 

b.       Article
1 of the Credit Agreement is also hereby amended to add a new Section 1.05 thereto as set forth below:

 

Section
1.05. Proforma Calculations. (a) All pro forma calculations required to be made hereunder giving effect to any Permitted Acquisition,
Disposition, or issuance, incurrence or assumption of Indebtedness, or other transaction made during the Fiscal Quarter or Fiscal
Year to which the required calculation relates shall, in each case, be calculated (i) as if such transaction was consummated on
the first day of the relevant period and (ii) giving pro forma effect thereto and to the historical earnings and cash flows associated
with the assets acquired or disposed of and any Indebtedness incurred and repaid in connection therewith, and any synergies or
cost savings, in each case, in a method consistent with Regulation S-X of the Securities Act of 1933.

 

(b)
As at any date that any financial covenants are required to be calculated under this Agreement (each, a “date of determination”),
if the Borrowers or any of their Subsidiaries has consummated a Permitted Acquisition or a Disposition on or after the first day
of the period as to which the calculation is required to be made, then the calculation of the applicable financial covenants on
the date of determination shall be made as if such Permitted Acquisition or Disposition had occurred on the first day of the applicable
period (including, the inclusion of the EBITDA of the Acquisition Target, excluding the EBITDA of the division or assets disposed
of, the inclusion of the Indebtedness incurred for the Permitted Acquisition and the exclusion of the Indebtedness repaid with
the disposition).

 

    	 	2	 

    	 

    

 

	 	c.	Section
    6.03 clause (k) of the Credit Agreement is hereby replaced with the following:
	 	 	(k)
    unsecured Indebtedness in an aggregate amount not to exceed Fifteen Million Dollars ($15,000,000.00) at any time outstanding.

 

Section
3. Post-Closing Agreement/TN Acquisition. Within thirty (30) days after closing under the TN Acquisition, the Borrower
agrees to obtain and provide to the Lender record search reports of the federally- registered patents, trademarks, and copyrights
of the seller and, if any such patents, trademarks, or copyrights are located, will promptly execute and deliver to the Lender
a Notice of Grant of Security Interest covering each of same, in a form attached to the Security Agreement executed on the Closing
Date between the Loan Parties and the Administrative Agent, as and if such Notice is applicable.

 

Section
4. Representations And Warranties. As an inducement to the Credit Parties to enter into this Amendment and to agree to
the amendments and modifications set forth herein, each of the Obligors makes the following representations and warranties to
the Credit Parties:

 

Section
4.1. Authority And Good Standing. Each of them has the power to enter into this Amendment and to perform all of its obligations
hereunder. Each of the Obligors: (a) has duly authorized the entry into and performance of this Amendment; (b) is in good standing
in the jurisdiction of its organization; and (c) is duly licensed or qualified and in good standing in all jurisdictions where
the property owned or leased by it or the nature of the business transacted by it makes such licensing or qualification necessary.

 

Section
4.2. Accuracy Of Information. All information and data submitted by or on behalf of the Obligors in connection with this
Amendment and the amendments and other transactions contemplated herein is true, accurate and complete in all material respects
as of the date made and contains no knowingly false, incomplete or misleading statements.

 

Section
4.3. Pending Proceedings. There are no actions, suits, proceedings or investigations pending or, to the knowledge of any
of the Obligors threatened, against any Obligor or any assets of any Obligor, the adverse determination of which, individually
or in the aggregate, could be reasonably expected to result in any Material Adverse Change. No judgments have been entered against
any of the Obligors which would result in an Event of Default under Section 7.05 of the Credit Agreement.

 

Section
4.4. Events of Default. As of the Effective Date, no Defaults or Events of Default exist.

 

Section
5. Further Assurances. Each of the Obligors agrees to execute and deliver to the Administrative Agent such documents as
may, from time to time, be reasonably requested by the Administrative Agent in order to amend and modify the Credit Agreement
and the other Credit Documents as contemplated by this Amendment.

 

Section
6. No Novation; No Refinance; No Impairment of Security Interest. It is the intent of each of the Parties hereto that nothing
contained in this Amendment shall be deemed to effect or accomplish or otherwise constitute a novation of any of the Loans or
the Credit Documents or of any of the obligations owed by any of the Obligors to the Credit Parties or to be a refinance of any
of the Obligations. This Amendment shall not release, limit or impair in any way the effectiveness and priority of the security
interests, mortgages, pledges, assignments, and other Liens in the Collateral granted, described, and provided in the Credit Agreement
and the other Credit Documents for the benefit of the Secured Parties as security for the Obligations, all of which security interests,
mortgages, pledges, assignments, and other Liens shall continue unimpaired in full force and effect and are hereby ratified and
confirmed.

 

    	 	3	 

    	 

    

 

Section
7. Limited Amendment. Except to the extent amended pursuant to Section 2 of this Amendment, all of the terms, covenants,
conditions, and provisions of the Credit Agreement and the other Credit Documents shall remain in full force and effect and are
hereby ratified and confirmed by each of the Obligors which is a party thereto. Nothing herein shall constitute a waiver of any
provision of the Credit Agreement or any of the other Credit Documents, and each of the Obligors hereby ratifies and confirms
all of the Credit Documents to which it is a party, after giving effect to the amendments set forth herein. No failure or delay
by any of the Credit Parties in the exercise or enforcement of any of their rights under the Credit Agreement or any other Credit
Document shall be a waiver of such right or remedy nor shall a single or partial exercise or enforcement thereof preclude any
other or further exercise or enforcement thereof or the exercise or enforcement of any other right or remedy. Any such consent
or waiver must be specific and in writing to be binding upon the Credit Parties and no such consent or waiver shall constitute,
unless specifically so expressed in writing by the Administrative Agent, a future consent to, or waiver of, performance or exact
performance by the Obligors. No consent, amendment, or waiver shall constitute a course of dealing.

 

Section
8. Enforceability. This Amendment shall inure to the benefit of and be enforceable against each of the Parties and their
respective successors and assigns.

 

Section
9. Reimbursement of Administrative Agent’s Expenses. The Borrowers agree to reimburse to the Administrative Agent
promptly upon receipt of an invoice therefor, all Credit Party Expenses incurred by the Administrative Agent in connection with
the negotiation and preparation of this Amendment, and all other expenses incurred by the Administrative Agent as of that date
in connection with the consummation of the transactions and matters described herein.

 

Section
10. Choice Of Law; Consent To Jurisdiction; Agreement As To Venue. This Amendment shall be construed, performed and enforced
and its validity and enforceability determined in accordance with the Laws of the State of New York (“Governing State”).
Each of the Parties irrevocably consents to the non-exclusive jurisdiction of the courts of the Governing State sitting in New
York County and the United States District Court for the Southern District of New York, and any appellate court from any thereof.
Each of the Parties agrees that venue shall be proper in any State court of the Governing State sitting in New York County or
in any United States District Court for the Southern District of New York and waives any right to object to the maintenance of
a suit in any of such state or federal courts of the Governing State on the basis of improper venue or of inconvenience of forum.

 

Section
11. RELEASE. IN ORDER TO INDUCE THE ADMINISTRATIVE AGENT AND THE LENDER TO ENTER INTO THIS AMENDMENT, EACH OF THE OBLIGORS
FOREVER RELEASES AND DISCHARGES THE ADMINISTRATIVE AGENT AND THE LENDER AND EACH OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES,
ATTORNEYS, AND AGENTS (COLLECTIVELY, THE “RELEASED PARTIES”) FROM ANY AND ALL CLAIMS, CAUSES OF ACTION, SUITS AND
DAMAGES (INCLUDING CLAIMS FOR ATTORNEYS’ FEES AND COSTS), ARISING OUT OF A COMMISSION OR OMISSION OF THE ADMINISTRATIVE
AGENT OR THE LENDER EXISTING OR OCCURRING ON OR PRIOR TO THE EFFECTIVE DATE, WHICH ANY OF THE OBLIGORS, JOINTLY OR SEVERALLY,
EVER HAD OR MAY NOW HAVE AGAINST ANY OF THE RELEASED PARTIES FOR ANY SUCH CLAIMS ARISING OUT OF OR RELATED IN ANY WAY TO THE OBLIGATIONS,
THE CREDIT DOCUMENTS, THIS AMENDMENT, OR THE ADMINISTRATION THEREOF, WHETHER KNOWN OR UNKNOWN, INCLUDING BUT NOT LIMITED TO ANY
AND ALL SUCH CLAIMS BASED UPON OR RELYING ON ANY ALLEGATIONS OR ASSERTIONS OF DURESS, ILLEGALITY, UNCONSCIONABILITY, BAD FAITH,
BREACH OF CONTRACT, REGULATORY VIOLATIONS, NEGLIGENCE, MISCONDUCT, OR ANY OTHER TORT, CONTRACT OR REGULATORY CLAIM OF ANY KIND
OR NATURE. THIS RELEASE IS INTENDED TO BE FINAL AND IRREVOCABLE AND IS NOT SUBJECT TO THE SATISFACTION OF ANY CONDITIONS OF ANY
KIND.

 

Section
12. Counterparts And Delivery. This Amendment may be executed and delivered in counterparts, (and by different Parties
hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute
a single contract. Delivery of an executed counterpart of a signature page to this Amendment electronically or via facsimile shall
be just as effective as the delivery of a manually executed counterpart of this Amendment.

 

Section
13. Waiver of Jury Trial. All Parties to this Amendment waive the right to a trial by jury in any action brought to enforce
or construe this Amendment or which otherwise arises out of or relates to this Amendment or the transactions contemplated herein.

[Signatures
Begin On The Following Page]

 

    	 	4	 

    	 

    

 

Signature
Page to Second Amendment to Credit Agreement:

 

IN
WITNESS WHEREOF, the Parties have executed this Amendment with the specific intention of creating a document under seal to be
effective as of the date first above written.

 

	 	BORROWERS:
	 	 	 
	 	LDRV
    HOLDINGS CORP.,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    NICHOLAS TOMASHOT
	 	Name:	Nicholas
    Tomashot
	 	Title:	Chief
    Financial Officer
	 	 	 
	 	LAZYDAYS
    RV AMERICA, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	LDRV
    Holdings Corp.,
	 	 	a
    Delaware limited liability company,
	 	 	its
    Manager
	 	 	 
	 	By:	/s/
    NICHOLAS TOMASHOT
	 	Name:	Nicholas
    Tomashot
	 	Title:	Chief
    Financial Officer
	 	 	 
	 	LAZYDAYS
    RV DISCOUNT, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	LDRV
    Holdings Corp.,
	 	 	a
    Delaware limited liability company,
	 	 	its
    Manager
	 	 	 
	 	By:	/s/
    NICHOLAS TOMASHOT
	 	Name:	Nicholas
    Tomashot
	 	Title:	Chief
    Financial Officer
	 	 	 
	 	LAZYDAYS
    MILE HI RV, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	LDRV
    Holdings Corp.,
	 	 	a
    Delaware limited liability company,
	 	 	its
    Manager
	 	 	 
	 	By:	/s/
    NICHOLAS TOMASHOT
	 	Name:	Nicholas
    Tomashot
	 	Title:	Chief
    Financial Officer
	 	 	 
	 	LAZYDAYS
    OF MINNEAPOLIS LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	LDRV
    Holdings Corp.,
	 	 	a
    Delaware limited liability company,
	 	 	its
    Manager
	 	 	 
	 	By:	/s/
    NICHOLAS TOMASHOT
	 	Name:	Nicholas
    Tomashot
	 	Title:	Chief
    Financial Officer

 

    	 

    	 

    

 

Signature
Page To Second Amendment to Credit Agreement-Continued:

 

	 	GUARANTORS:
	 	 
	 	LAZYDAYS
    HOLDINGS, INC.,
	 	a
    Delaware corporation
	 	 
	 	By:	/s/
    NICHOLAS TOMASHOT
	 	Name:	Nicholas
    Tomashot
	 	Title:	Chief
    Financial Officer
	 	 
	 	LAZYDAYS’
    R.V. CENTER, INC.,
	 	a
    Delaware corporation
	 	 
	 	By:	/s/
    NICHOLAS TOMASHOT
	 	Name:	Nicholas
    Tomashot
	 	Title:	Chief
    Financial Officer
	 	 
	 	LAZYDAYS
    LAND HOLDINGS, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	/s/
    NICHOLAS TOMASHOT
	 	Name:	Nicholas
    Tomashot
	 	Title:	Chief
    Financial Officer

 

    	 

    	 

    

 

Signature
Page To Second Amendment to Credit Agreement – Continued:

 

	 	ADMINISTRATIVE
    AGENT:
	 	 	 
	 	MANUFACTURERS
    AND TRADERS TRUST COMPANY,
	 	A
    New York Banking Corporation,
	 	In
    Its Capacity As Administrative Agent
	 	 	 
	 	By:	/s/ Brendan
    Kelly
	 	 	Brendan
    Kelly,
	 	 	Vice
    President
	 	 	 
	 	LENDER:
	 	 	 
	 	MANUFACTURERS
    AND TRADERS TRUST COMPANY,
	 	As
    A Lender
	 	 	 
	 	By:	/s/ Brendan
    Kelly
	 	 	Brendan
    Kelly,
	 	 	Vice
    President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}]]