Document:

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                                                                    EXHIBIT 10.5

THE NOTE OFFERED HEREBY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933
(THE "SECURITIES ACT"), AND HAS NOT BEEN QUALIFIED UNDER THE SECURITIES LAWS OF
ANY OTHER STATE.  THE NOTE CANNOT BE SOLD OR TRANSFERRED WITHOUT SUCH
REGISTRATION OR QUALIFICATION UNLESS AN EXEMPTION FROM SUCH REGISTRATION OR
QUALIFICATION IS THEN AVAILABLE.

                          CONVERTIBLE PROMISSORY NOTE
                          ---------------------------

$1,731,919.60                                      March 1, 2000
                                                   Orlando, Florida

     FOR VALUE RECEIVED, the undersigned, HOLIDAY RV SUPERSTORES, INC., a
Delaware corporation ("Holiday RV") promises to pay to the order of ERNEST
                       ----------
DAVIS, JR. and LORI A. DAVIS (the "Holder"), or order, at 334 Old Grandview
                                   ------
Road, Beaver, West Virginia 25813, or at such other address as the Holder
designates, the principal sum of ONE MILLION SEVEN HUNDRED THIRTY ONE THOUSAND
NINE HUNDRED NINETEEN AND 60/100THS DOLLARS ($1,731,919.60), together with
interest as described below, on or before three (3) years from the date hereof
(the "Maturity Date").
      -------------

     1.   PAYMENTS AND INTEREST.
          ---------------------

          1.1  Interest Payments.  Holiday RV shall pay the interest on this
               -----------------
Note in arrears, quarterly commencing on the fifteenth (15th) day following each
fiscal quarter of Holiday RV.

          1.2  Computation.  Each payment shall be credited first to interest
               -----------
which became due during the quarter for which payment is being made.  Interest
will be computed on the basis of a 360-day year and a 30-day month.  If any sum
has not been paid when due, interest shall accrue upon that unpaid sum from its
due date until paid without extending such due date or waiving the default.

          1.3  Interest Rate.  This Note shall bear interest at Seven and one-
               -------------
half Percent (7.5%) per annum on the outstanding principal balance.

          1.4  Principal Payments.  The principal amount of this Note shall be
               ------------------
payable on or before the Maturity Date.

     2.   SECURITY.  This Note is unsecured.
          --------

     3.   ATTORNEYS' FEES.  Holiday RV agrees to pay the following costs,
          ---------------
expenses, and attorneys' fees paid or incurred by the Holder, or adjudged by a
court:  (i) reasonable costs of
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collection, costs, and expenses, and attorneys' fees paid or incurred in
connection with the collection or enforcement of this Note, whether or not suit
is filed; and (ii) costs of suit and such sum as the court may adjudge as
attorneys' fees in any action to enforce payment of this Note or any part of it.

     4.   BALLOON PAYMENT. THE TERMS OF THIS NOTE CONTAIN A BALLOON PAYMENT.
          ---------------

     5.   SEVERABILITY.  If any provision of this Note is invalid by operation
          ------------
of any law or interpretation placed thereon by any court, this Note shall be
construed as not containing such provision and all other provisions of this Note
which are otherwise lawful shall remain in full force and effect, and to this
end the provisions of this Note are declared to be severable.

     6.   GOVERNING LAW.  This Note shall be governed by and construed in
          -------------
accordance with the laws of the State of Florida as those laws are applied to
written contracts between residents of such jurisdiction to be performed within
such jurisdiction.

     7.   ASSIGNMENT.   The Holder shall have the right to sell, assign, or
          ----------
otherwise transfer, either in part or in its entirety, this Note, and any other
instrument evidencing or securing the indebtedness of this Note, without Holiday
RV's consent. Such transferee or transferees shall be deemed to be entitled, as
to Holiday RV, to be treated in all favorable respects as a holder or holders in
due course.

     8.   FORBEARANCE NOT A WAIVER.  No delay or omission on the part of the
          ------------------------
Holder in exercising any rights under this Note, on default by Holiday RV, shall
operate as a waiver of such right or of any other right under this Note or other
agreements, for the same default or any other default.

     9.   MANNER OF NOTIFICATION.  Any notice to Holiday RV provided for in this
          ----------------------
Note shall be given by personal delivery or by mailing such notice by first
class or certified mail, return receipt requested, addressed to Holiday RV at
the address stated below, or to such other address as Holiday RV may designate
by written notice to the Holder.  Any notice to the Holder shall be given by
personal delivery or by mailing such notice by first class or certified mail,
return receipt requested, to the Holder at the address stated in the first
paragraph of this Note, or at such other address as may have been designated by
written notice to Holiday RV.  Mailed notices shall be deemed delivered and
received on the delivery date as shown on the postal return receipt or the
receipt furnished by an independent courier service, and any notices transmitted
by confirmed facsimile transmission will be deemed delivered and received as of
the date of the transmission.

     10.  OPTIONAL CONVERSION OF NOTE. This Note, including principal and
          ---------------------------
interest, may be converted, in part or in whole, at the Holder's option, into
fully paid Common Stock at any time on the earlier of the following:  (i) within
ten (10) days' of receipt of written notice by Holiday RV of its intention to
prepay this Note, in whole or in part (to the extent of the amount of
prepayment), or (ii) after two (2) years from the date of this Note.  The number
of shares of

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Common Stock into which this Note may be converted (the "Conversion Shares")
                                                         ---------- ------
shall be determined by dividing the aggregate principal amount by the Conversion
Price (as set forth below) in effect at the time of such conversion. At the time
of any conversion, all accumulated and unpaid interest on the principal amount
converted will be paid to the Holder. The Conversion Price shall be SEVEN AND
50/100THS DOLLARS ($7.50) per share.

          10.1 Conversion Procedure; Notice of Conversion.  Before the Holder
               ------------------------------------------
shall be entitled to convert this Note into shares of the Common Stock, it shall
surrender this Note at the office of Holiday RV and shall give written notice by
mail, postage prepaid, to Holiday RV at its principal corporate office, of the
election to convert the same.  Holiday RV shall, as soon as practicable
thereafter, issue and deliver by mail to the Holder a certificate or
certificates for the number of shares of the Common Stock to which the Holder
shall be entitled as aforesaid (bearing such legends as are required by
applicable state and federal securities laws in the opinion of counsel to
Holiday RV), together with any other securities to which the Holder is entitled
upon such conversion under the terms of this Note, including a check payable to
the Holder for any cash amounts payable as described in Section 10.3.  Such
                                                        ------------
conversion shall be deemed to have been made immediately prior to the close of
business on the date of such surrender of this Note, and the Holder shall be
treated for all purposes as the record holder or holders of such shares of the
Common Stock as of such date.  Holiday RV will forthwith reissue a new Note to
the Holder for the balance of the Note not converted, if any.  In connection
therewith, the Holder will execute an Investment Agreement provided by Holiday
RV to assure Holiday RV's compliance with State and Federal securities laws.

          10.2 Delivery of Stock Certificates.  As promptly as practicable after
               ------------------------------
the conversion of this Note, Holiday RV at its expense will issue and deliver to
the Holder a certificate or certificates for the number of full shares of Common
Stock issuable upon such conversion.

          10.3 Mechanics and Effect of Conversion.  No fractional shares of the
               ----------------------------------
Common Stock shall be issued upon conversion of this Note.  In lieu of Holiday
RV issuing any fractional shares to the Holder upon the conversion of this Note,
Holiday RV shall pay to the Holder the amount of outstanding principal that is
not so converted because of a fractional share, such payment to be in the form
as provided below.  Upon the conversion of this Note pursuant to this Section
                                                                      -------
10, the Holder shall surrender this Note, duly endorsed, at the principal office
--
of Holiday RV.  At its expense, Holiday RV shall, as soon as practicable
thereafter, issue and deliver to such Holder by mail a certificate or
certificates for the number of shares of the Common Stock to which the Holder
shall be entitled upon such conversion.  Upon conversion of this Note, Holiday
RV shall be forever released from all of its obligations and liabilities under
this Note (or the portion thereof converted if less than the entire principal
amount is converted), except that Holiday RV shall be obligated to pay the
Holder, within ten (10) days after the date of such conversion, any interest
accrued and unpaid or unconverted to and including the date of such conversion,
and will reissue a new Note to the Holder in the same form as this Note to
represent the portion of this Note not so converted by the Holder, or to pay the
balance of the Note in cash at the option of Holiday RV.

                                       3
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          10.4 Conversion Price Adjustments.
               ----------------------------

               10.4.1    Adjustment for Stock Splits, Stock Dividends, and Sub-
                         -----------------------------------------------------
divisions.  In the event Holiday RV should at any time, or from time to time
---------
after the date of issuance hereof, fix a record date for the effectuation of a
split or subdivision of the outstanding shares of the Common Stock or the
determination of holders of the Common Stock entitled to receive a dividend or
other distribution payable in additional shares of the Common Stock, or other
securities or rights convertible into, or entitling the holder thereof to
receive directly or indirectly additional shares of the Common Stock
(hereinafter referred to as the "Common Stock Equivalents") without payment of
any consideration by such holder for the additional shares of the Common Stock
(or the Common Stock Equivalents issuable upon conversion or exercise thereof)
then, as of such record date (or the date of such dividend distribution, split
or subdivision if no record date is fixed), the Conversion Price shall be
appropriately decreased so that the number of shares of the Common Stock
issuable upon conversion of this Note shall be increased in proportion to such
increase of outstanding shares.

               10.4.2    Adjustments for Reverse Stock Splits.  If the number of
                         ------------------------------------
shares of the Common Stock outstanding at any time after the date hereof is
decreased by a combination of the outstanding shares of the Common Stock then,
following the record date of such combination, the Conversion Price shall be
appropriately increased so that the number of shares of the Common Stock
issuable on conversion hereof shall be decreased in proportion to such decrease
in outstanding shares.

               10.4.3    Notices of Record Date, Etc.  In the event of:
                         ----------------------------

                         (a) Any making by Holiday RV of a record of the holders
     of any class of securities of Holiday RV for the purpose of determining the
     holders thereof who are entitled to receive any dividend (other than a cash
     dividend payable out of earned surplus at the same rate as that of the last
     such cash dividend theretofore paid) or other distribution, or any right to
     subscribe for, purchase or otherwise acquire any shares of stock of any
     class of any other securities or property, or to receive any other right;
     or

                         (b) Any voluntary or involuntary dissolution,
     liquidation or winding up of Holiday RV.

     Holiday RV will mail to the Holder at least ten (10) days prior to the
     earliest date specified therein, a notice specifying:

                             (i) The date on which any such record is to be
     taken for the purpose of such dividend, distribution or right, and the
     amount and character of such dividend, distribution or right; and

                                       4
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                             (ii) The date on which any such reorganization,
     reclassification, transfer, consolidation, merger, dissolution, liquidation
     or winding up is expected to become effective and the record date for
     determining shareholders entitled to vote thereon.

          10.5 Reservation of Stock Issuable Under Conversion.  Holiday RV shall
               ----------------------------------------------
at all times reserve and keep available out of its authorized but unissued
shares of Common Stock, solely for the purpose of effecting the conversion of
this Note, such number of its shares of Common Stock as shall, from time to
time, be sufficient to effect the conversion of this Note in its entirety; and
if at any time the number of authorized but unissued shares of the Common Stock,
for issuance on conversion of such Common Stock shall not be sufficient to
effect the conversion of the entire outstanding principal amount of this Note,
in addition to such other remedies as shall be available to the holder of this
Note, Holiday RV will use its best efforts to take such corporate actions as
may, in the opinion of its counsel, be necessary to increase its authorized but
unissued shares of Common Stock to such number of shares as shall be sufficient
for such purposes.  In the event Holiday RV is unable or unwilling to provide
the Common Shares within thirty (30) days of the notice provided in Section 10.1
                                                                    ------------
above, the Holder may demand payment by Holiday RV of the difference between the
Conversion Price and the closing price on the last trading day immediately
preceding the date of the notice in Section 10.1 above, in which case the Holder
                                    ------------
shall not be entitled to receive the Shares.

     11.  SET-OFF.  Holiday RV may set-off against principal and interest due
          -------
hereunder any amounts due to Holiday RV from the Holder (including any
adjustment to the Purchase Price) pursuant to the Stock Purchase Agreement dated
March 1, 2000.

     12.  HEADING; REFERENCES.   All headings used herein are used for
          -------------------
convenience only and shall not be used to construe or interpret this Note.
Except where otherwise indicated, all references herein to Sections refer to
Sections hereof.

                           (Signatures on next page)

                                       5
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                           Holiday RV:

                           HOLIDAY RV SUPERSTORES, INC.

                           By:_______________________________
                                Name:   Ronald Huneycutt
                                Title:  President

                           Address
                           -------
                           7851 Greenbriar Parkway
                           Orlando, FL 32819

                                       6
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                             NOTICE OF CONVERSION
                 (To be signed only upon Conversion of Note)]

TO:  _____________________________

     The undersigned, the holder of the foregoing Note, hereby surrenders such
Note for conversion into shares of the Common Stock of HOLIDAY RV SUPERSTORES,
INC., a Florida corporation, to the extent of ________________________________
DOLLARS ($__________) unpaid principal amount of such Note, and requests that
the certificates for such shares be issued in the name of, and delivered to,
__________________________ whose address is __________________________________,
and to deliver a new Note in the amount of ____________________________ DOLLARS
($__________) to the extent the foregoing Note is not fully converted.

Dated: ____________________

                           _________________________________
                           (Signature must conform in all
                           respects to name of Holder as
                           specified on the face of the Note)

                           Address:

                           _________________________________

                           _________________________________

                                        7<PAGE>

                                                                    EXHIBIT 10.6

                          Debt Conversion and Mutual
                       Settlement and Release Agreement

     This Debt Conversion and Mutual Settlement and Release Agreement
("Conversion Agreement") is entered into at Orlando, Florida, effective as of
March 1, 2001 ("Effective Date"), between Holiday RV Superstores, Inc., a
Delaware corporation ("Holiday RV") and County Line Select Cars, Inc., a Florida
corporation ("County Line" and collectively with Holiday RV, the "Holiday RV
Group"), and Armando Alonso, an individual ("Armando") and Francisco Alonso, an
individual ("Francisco" and collectively with Armando, the "Investor Group").

                                  WITNESSETH:

     Whereas, Holiday RV (as "Purchaser"), County Line (as "Company"), and the
Investor Group (as "Stockholders") are parties to an agreement entitled Stock
Purchase Agreement made and entered into on November 11, 1999 ("Stock Purchase
Agreement").

     Whereas, in connection with the Stock Purchase Agreement, Holiday RV
executed a convertible promissory note dated November 11, 1999 (the "Armando
Note"), pursuant to which Holiday RV promised to pay to the order of Armando (as
"Holder") the principal sum of seven hundred and fifty thousand dollars
($750,000) together with interest as described therein on or before November 11,
2002.

     Whereas, in connection with the Stock Purchase Agreement, Holiday RV
executed a convertible promissory note dated November 11, 1999 (the "Francisco
Note" and collectively with the Armando Note the "Purchase Notes"), pursuant to
which Holiday RV promised to pay to the order of Francisco (as "Holder") the
principal sum of seven hundred and fifty thousand dollars ($750,000) together
with interest as described therein on or before November 11, 2002.

     Whereas, in connection with the Stock Purchase Agreement, County Line (as
the "Company") entered into an employment agreement dated November 11, 1999 (the
"Armando Employment Agreement") with Armando (as "Employee"), pursuant to which
County Line agreed, among other things, to employ Armando for a period of three
years as Senior Vice President and General Manager - Florida Division, at a
salary of one hundred and twenty-five thousand dollars ($125,000) per year.

     Whereas, in connection with the Stock Purchase Agreement, County Line (as
the "Company") entered into an employment agreement dated November 11, 1999 (the
"Francisco Employment Agreement" and collectively with the Armando Employment
Agreement the "County Line Employment Agreements") with Francisco (as
"Employee"), pursuant to which the County Line agreed, among other things, to
employ Francisco for a period of three years as Vice President and Assistant
General Manager - Florida Division, at a salary of one hundred and twenty-five
thousand dollars ($125,000) per year.

     Whereas, the Holiday RV Group with respect to the Investor Group, and the
Investor Group with respect to the Holiday RV Group, desire to finally settle
all of their respective rights and obligations under the Stock Purchase
Agreement, the Purchase Notes, the County Line Employment Agreements and all
amendments thereto, and all other related agreements (collectively the "Former
Agreements"), terminate and release all of their respective rights and
obligations under the
<PAGE>

Former Agreements, and settle all other disputes of any kind that may or could
exist between the Holiday RV Group and the Investor Group with respect to the
Former Agreements, all upon the terms and conditions set forth in this
Conversion Agreement. For purposes of this Agreement, the parties acknowledge
and agree that the term "Former Agreements" does not include the indebtedness
and obligation of Holiday RV secured by the mortgages on real property described
in Schedule 3.3 hereto, and (ii) the obligations of Holiday RV to make rental
   ------------
payments to or for the benefit of the Investor Group in exchange for the use of
two CD-3000-406 Key Systems (one located in Clermont and one located in Ocala),
two (2) electric signs (one located in Clermont and one located in Ocala) and
one other sign located in Clermont (collectively, the "Investor Group Leases").

     Now Therefore, in consideration of the mutual agreements contained herein
and for other good and sufficient consideration, the receipt and sufficiency of
which is hereby acknowledged, Holiday RV, County Line, Armando, and Francisco
agree as follows:

     1.   Defined Terms.  In addition to those terms that may be defined
elsewhere in this Conversion Agreement, the following terms shall have the
meanings defined in this Section 1.
                         ---------

          1.1   "Common Stock" means the common stock, par value $.001 of
Holiday RV.

          1.2   "Note Conversion" means the conversion of indebtedness in the
original principal amount of $1,500,000, excluding any accrued but unpaid
interest (which is the entire principal amount Holiday RV and the Investor Group
have agreed is due and payable pursuant to the Stock Purchase Agreement and the
Purchase Notes), into four hundred twelve thousand (412,000) shares of Common
Stock (the "Conversion Shares") at a price per share of $3.05 and a $60,000
merchandise credit.

     2.   Termination of County Line Employment Agreements.  In consideration of
the Note Conversion and as of the Effective Date:

          2.1.  Armando Employment Agreement.  The Armando Employment Agreement
shall be terminated and of no further force and effect, and any amounts
previously earned, due or payable, or amounts which could be earned or which
could become due or payable upon the happening of future events, including but
not limited to compensation (pursuant to Section 3.1 of the Armando Employment
Agreement), Bonuses, Reimbursements, Fringe Benefits, Compensated Leave, and
Severance Pay (as defined in and pursuant to Sections 3.2, 3.3, 3.4, 6, and 10,
respectively, of the Armando Employment Agreement) is irrevocably waived and the
obligation of any member of the Holiday RV Group to make such payments or any
other payments related in any way to the Former Agreements, or Armando's
employment at County Line is forever discharged and released, as set forth in
more detail pursuant to Section 7 of this Conversion Agreement; provided,
                        ---------
however, that the Holiday RV Group shall provide, at its sole cost, medical
insurance coverage for Armando comparable in all material respects to the
medical insurance coverage provided to Armando pursuant to the Armando
Employment Agreement, which medical insurance coverage shall apply at all times
beginning on the Effective Date and ending on November 11, 2002.

          2.2.  Francisco Employment Agreement.  The Francisco Employment
Agreement shall be terminated and of no further force and effect, and any
amounts previously earned or amounts which could be earned upon the happening of
future events, including but not limited to

                                       2
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compensation (pursuant to Section 3.1 of the Francisco Employment Agreement),
Bonuses Bonuses, Reimbursements, Fringe Benefits, Compensated Leave, and
Severance Pay (as defined in and pursuant to Sections 3.2, 3.3, 3.4, 6, and 10,
respectively, of the Francisco Employment Agreement) is irrevocably waived and
the obligation of any member of the Holiday RV Group to make such payments or
any other payments related in any way to the Former Agreements or Francisco's
employment at County Line is forever discharged and released, as set forth in
more detail pursuant to Section 7 of this Conversion Agreement; provided,
                        ---------
however, that the Holiday RV Group shall provide, at its sole cost, medical
insurance coverage for Francisco comparable in all material respects to the
medical insurance coverage provided to Armando pursuant to the Francisco
Employment Agreement, which medical insurance coverage shall apply at all times
beginning on the Effective Date and ending on November 11, 2002.

     3.   Completion of Conversion.  Concurrently with or as soon as practicable
after the execution of this Conversion Agreement, Holiday RV and the Investor
Group shall complete the Note Conversion by concurrently taking the following
actions:

          3.1   Actions By Holiday RV.

                (a)  Holiday RV shall deliver to the Investor Group stock
certificates, with the legends set forth in Section 4.1 hereof, representing the
                                            -----------
Conversion Shares to be issued by Holiday RV to the Investor Group in the
following names and numbers of shares:

                     (i)  Armando Alonso for 206,000 shares; and
                     (ii) Francisco Alonso for 206,000 shares.

                (b)  Holiday RV shall pay to each member of the Investor Group,
by wire transfer of immediately available U.S. Dollars, the interest owed by
Holiday RV to such member of the Investor Group and accrued as of the Effective
Date.

          3.2   Actions By Investor Group.

                (a)  Each member of the Investor Group shall duly deliver to
Holiday RV the original Purchaser Note.

                (b)  Armando and Francisco shall resign from their positions as
Senior Vice President and General Manager - Florida Division and Vice President
and Assistant General Manager - Florida Division, respectively, of County Line,
as evidenced by their written resignations in the form of the resignations
attached as Exhibit A hereto.

          3.3   Effect of Conversion.  Upon the Effective Date, (a) except as
provided in Section 3.1(a), any and all amounts owed by the Holiday RV Group
            --------------
under the Former Agreements to the members of the Investor Group shall be deemed
to have been converted, respectively, into the number of shares of Common Stock
issued to each respective member of the Investor Group, as set forth in Section
                                                                        -------
3.1(b); (b) as of and after the Effective Date no member of the Holiday RV Group
------
shall owe any debt or have any obligation of any kind to any of the members of
the Investor Group, except for (i) the indebtedness and obligation of Holiday RV
secured by the mortgages on real property set forth in Schedule 3.3 hereto, (ii)
                                                       ------------
the obligation of Holiday RV to make rental

                                       3
<PAGE>

payments pursuant to the Investor Group Leases; and (iii) the obligations of the
Holiday RV Group under this Conversion Agreement; and (c) each and all of the
Former Agreements shall be terminated and of no further force or effect.

     4.   Lock-Up.  Except as provided in Section 4.2, below, the Investor Group
                                          -----------
agrees that they will not, without Holiday RV's prior written consent, offer,
sell, transfer, pledge, hypothecate, contract to sell, grant any option for the
sale of the Conversion Shares or otherwise dispose of (collectively, a
"Transfer"), directly or indirectly, any Conversion Shares beginning on the
Effective Date and ending on the twenty-ninth (29th) monthly anniversary of the
Effective Date.

          4.1   Legends.  Each member of the Investor Group understands that,
subject to Sections 4.2 and 7.8 hereof, until such time as the Conversion Shares
           ------------     ---
acquired by the Investor Group pursuant to this Conversion Agreement are subject
to a Permitted Disposition in accordance with the terms of Section 4.2 hereof or
                                                           -----------
registered pursuant to Section 7.8 hereof, as applicable, the certificates for
                       -----------
the Conversion Shares will bear one or more restrictive legends (the "Stock
Legends") in the following forms:

     THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD,
     TRANSFERRED, ASSIGNED, DISPOSED OF, LOANED, OR HYPOTHECATED
     EXCEPT IN ACCORDANCE WITH THE TERMS OF THE DEBT CONVERSION AND
     SETTLEMENT AGREEMENT DATED AS OF MARCH 1, 2001 ("CONVERSION
     AGREEMENT") BETWEEN THE COMPANY AND THE OTHER PARTIES NAMED
     THEREIN. A TRUE AND CORRECT COPY OF THE CONVERSION AGREEMENT IS
     AVAILABLE FROM THE COMPANY UPON REQUEST.

     THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
     REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
     "ACT"), OR ANY STATE SECURITIES LAW, AND SUCH SECURITIES MAY NOT
     BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS THE SAME ARE
     REGISTERED AND QUALIFIED IN ACCORDANCE WITH THE ACT AND ANY
     APPLICABLE STATE SECURITIES LAWS, OR IN THE OPINION OF COUNSEL
     REASONABLY SATISFACTORY TO THE COMPANY SUCH REGISTRATION AND
     QUALIFICATION ARE NOT REQUIRED UNDER THE ACT AND APPLICABLE STATE
     SECURITIES LAW.

          4.2   Permitted Dispositions.  Subject to compliance with Section 5
                                                                    ---------
below, on the Effective Date and upon the following 29 monthly anniversaries of
such date, each member of the Investor Group shall be permitted to effect
Transfers of the Conversion Shares (a "Permitted Disposition") with regard to
1/30/th/ of the number of initial Conversion Shares issued to such member of the
Investor Group. By way of example, and assuming no prior Permitted Dispositions,
upon the fourth and ninth monthly anniversary following the Effective Date, each
member of the Investor Group shall be entitled to Transfer an aggregate of
5/30/ths/ and 1/3rd/, respectively, of the initial Conversion Shares issued to
such individual, subject to compliance with the procedures set forth in Section
                                                                        -------
5,
-
below.

                                       4
<PAGE>

          4.3   Put Rights.  Subject to the terms and conditions herein, each
member of the Investor Group shall have the right (the "Investor Group Put
Right") to require Holiday RV to purchase any or all of the Conversion Shares
then-owned by such member of the Investor Group (the "Selling Member") and not
then-subject to the lock-up provision of Section 4.2, above. The Selling Member
shall notify Holiday RV of his exercise of the Investor Group Put Right by
providing Holiday RV with written notice thereof (the "Election Notice"). In the
event of the exercise of the Investor Group Put Right, Holiday RV shall be
obligated to pay to the Selling Member for the Conversion Shares subject to such
exercise (the "Put Conversion Shares") a per share purchase price (the "Per
Share Put Price") equal to the greater of (i) the closing price on the business
day immediately preceding the date of the Election Notice for one share of
Common Stock as reported in the Wall Street Journal, or (ii) Three and 05/100
Dollars ($3.05). The settlement of the purchase and sale of the Put Conversion
Shares shall be held at the principal office of Holiday RV at such time and date
as shall be provided in the Election Notice but which date shall in no event be
more than ten (10) days following the date of the Election Notice, unless a
later date is mutually agreed to in writing by the Selling Member and Holiday
RV. At settlement, the Selling Member shall deliver to Holiday RV the
certificate or certificates representing the Put Conversion Shares, free and
clear of any liens, claims or other encumbrances, and Holiday RV shall pay to
the Selling Member an amount equal to the Per Share Put Price multiplied by the
number of Put Conversion Shares, by wire transfer of immediately available
United States Dollars. In the event that the certificate or certificates
delivered by the Selling Member to Holiday RV represent a number of Conversion
Shares that exceeds the number of Put Conversion Shares, then Holiday RV shall
issue to the Selling Member a new certificate representing that number of shares
of Common Stock as shall equal such excess, which shares shall be considered
Conversion Shares and, as such, shall be subject to the terms and provisions of
this Conversion Agreement in the same manner and to the same extent as were the
Put Conversion Shares, and which new certificate shall bear the Stock Legends.

          4.4   Prohibited Transactions. Each member of the Investor Group
agrees that unless and until all of the Conversion Shares are no longer subject
to the lock-up provisions set forth in Article 4 of this Conversion Agreement,
                                       ---------
such member shall not lend or enter into, directly or indirectly, any short sale
or similar transaction involving the Common Stock or any derivative security
related thereto.

     5.   Holiday RVOption.  Subject to the terms and conditions herein, each
member of the Investor Group shall issue to Holiday RV an option in the form of
Exhibit B hereto (the "Holiday RV Option") to purchase the Conversion Shares
then-owned by a member of the Investor Group and then-subject to the lock-up
provisions set forth in Article 4 for a purchase price of Eight Dollars ($8.00)
                        ---------
per share (the "Exercise Price").

     6.   Settlement and Mutual Release.  As of the Effective Date, the Holiday
RV Group and the Investor Group agree that the terms and conditions of this
Section 6 shall be in effect with respect to the Former Agreements and all of
---------
the respective rights and obligations of the Holiday RV Group and the Investor
Group pursuant to the Former Agreements and all other related agreements:

          6.1   The Former Agreements shall be deemed to have been voluntarily
terminated pursuant to the mutual agreement of Holiday RV, County Line, Armando,
and Francisco, without any remaining liability to either Holiday RV, County
Line, Armando, or Francisco. Without limiting the generality of the foregoing
provisions of this section, Holiday RV,

                                       5
<PAGE>

County Line and each member of the Investor Group agree that the Holiday RV
Group shall no longer have any obligations of any kind under the Former
Agreements to pay any amount to the Investor Group, and the Investor Group shall
no longer have any rights of any kind under the Former Agreements to collect
from the Holiday RV Group or their predecessors, successors, former and current
subsidiaries, affiliates, shareholders, directors, officers, agents, attorneys,
representatives, insurers, employees and assigns (collectively, "Related
Parties") any amounts owed under the Former Agreements or convert such amounts
into, or to otherwise obtain ownership of, shares of Common Stock.

          6.2   The Holiday RV Group with respect to the Investor Group, and the
Investor Group with respect to the Holiday RV Group, shall be deemed to have
forever released and discharged each other and each other's Related Parties from
and against any and all claims, damages and causes of action, in law or equity,
whether or not known, suspected, or claimed, direct or indirect fixed or
contingent, whether now existing or hereafter arising that they may have against
each other with respect to and in connection with the Former Agreements and any
matter arising out of the terms and conditions thereof, including without
limitation, any breach of any representation or warranty or noncompliance or
nonfulfillment of any covenant or agreement contained in or arising out of the
Former Agreements.

     7.   Representations, Warranties and Agreements of Holiday RV and County
Line. In addition to any representations and warranties Holiday RV and County
Line may make to the Investor Group elsewhere in this Conversion Agreement, or
in any other document delivered to the Investor Group in connection herewith,
each of Holiday RV and County Line represents and warrants to the Investor Group
that the statements contained in this Section 7 are true, accurate, complete,
                                      ---------
and not misleading in any material respect, and also shall be so as of the
Effective Date.

          7.1   Organization and Good Standing, and Other Status.  Holiday RV is
a corporation, legally and validly incorporated, organized and existing under
the laws of the State of Delaware and County Line is a corporation legally and
validly incorporated, organized and existing under the laws of the State of
Florida.

          7.2   Authority to Conduct Business.  Each of Holiday RV and County
Line possesses full corporate power and lawful authority to own, lease and
operate its assets, and to carry on its business as presently conducted. Each of
Holiday RV and County Line is duly and legally qualified to do business and is
in good standing in each country, state, county, city or other jurisdiction in
which the failure to so qualify would have a material adverse impact on Holiday
RV's or County Line's business.

          7.3   Authority Regarding this Agreement.

                7.3.1  Each of Holiday RV and County Line has the complete and
unrestricted right, power, authority and capacity to (a) execute and deliver
this Conversion Agreement, and every other document executed and delivered by
Holiday RV and County Line to the Investor Group in connection therewith
(collectively the "Transaction Documents"); and (b) carry out and perform each
of Holiday RV's or County Line's obligations pursuant to the Transaction
Documents.

                                       6
<PAGE>

                7.3.2  This Conversion Agreement has been, and, as of the
Effective Date all of the other Transaction Documents will have been, duly and
validly executed and delivered by each of Holiday RV and County Line, and when
so executed and delivered, will constitute legal, valid and binding obligations
of each of Holiday RV and County Line, enforceable in accordance with their
terms, except (i) as limited by applicable bankruptcy, insolvency,
reorganization, moratorium, and other laws of general application affecting
enforcement of creditors' rights generally, and (ii) as limited by laws relating
to the availability of specific performance, injunctive relief, or other
equitable remedies.

          7.4   Valid Issuance of Common Stock.  The Conversion Shares, when
issued and delivered in accordance with the terms of this Conversion Agreement,
will be duly and validly issued, fully paid, and nonassessable, and will be free
of restrictions on transfer other than those stated in this Conversion Agreement
and/or that may arise under applicable state and federal securities laws.

          7.5   Disclosure.  Each of Holiday RV and County Line has fully
provided each member of the Investor Group with all information each such party
has requested for deciding whether to enter into the transactions contemplated
by the Transaction Documents, including without limitation, the acquisition of
the Common Stock.

          7.8   Restricted Securities; Registration.  The Investor Group agrees
and acknowledges that the Conversion Shares are "restricted securities" within
the meaning of Rule 144 under the Securities Act of 1933, as amended (the
"Act"), and may not be resold or transferred without registration under the Act
and applicable state securities laws or an exception from such registration.
Holiday RV agrees to file a registration statement under the Act covering the
Conversion Shares as promptly as practicable after the Effective Date and will
use commercially reasonable efforts to cause such registration statement to be
declared effective by the Securities and Exchange Commission no later than the
120th day following the Effective Date.  Holiday RV shall not be required to
maintain the effectiveness of such registration statement after any of the
Conversion Shares may be resold pursuant to Rule 144 under the Act.

     8.   Representations, Warranties and Agreements of the Investor Group.  In
addition to any representations and warranties the Investor Group may make to
the Holiday RV Group elsewhere in this Conversion Agreement, or in any other
document delivered to Holiday RV or County Line in connection herewith, the
members of the Investor Group, jointly and severally represent and warrant to
Holiday RV and County Line that the statements contained in this Section 8 are
                                                                 ---------
true, accurate, complete, and not misleading in any material respect.

          8.1   Authority Regarding this Agreement.

                8.1.1  Each member of the Investor Group has the complete and
unrestricted right, power, authority and capacity to (a) execute and deliver
each Transaction Document to which it is a party; and (b) carry out and perform
each of their respective obligations pursuant to such Transaction Documents.

                8.1.2  This Conversion Agreement has been, and, as of the
Effective Date all of the other Transaction Documents will have been, duly and
validly executed and delivered by each member of the Investor Group which is a
party to such agreements or documents, and when

                                       7
<PAGE>

so executed and delivered, will constitute legal, valid and binding obligations
of each member of the Investor Group which is a party to such agreements or
documents, enforceable in accordance with their terms, except (i) as limited by
applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of
general application affecting enforcement of creditors' rights generally, and
(ii) as limited by laws relating to the availability of specific performance,
injunctive relief, or other equitable remedies.

          8.2   Purchase Entirely For Own Account.  Each member of the Investor
Group is aware that Holiday RV is entering into the Transaction Documents in
reliance on the representation made by each member of the Investor Group, which
representation is respectively confirmed by each such member's execution of this
Conversion Agreement, and each such member hereby confirms, that the Conversion
Shares will be acquired for investment and not with a view to the resale or
distribution of any part thereof, and that such member has no present intention
of selling, granting any participation in, or otherwise distributing the same.
By executing this Conversion Agreement, each member of the Investor Group
further represents that such member does not have any contract, undertaking,
agreement or arrangement with any person to sell, transfer or grant
participations to such person or to any third person, with respect to any of the
Conversion Shares.

          8.3   Disclosure of Information.  Each member of the Investor Group is
an insider of Holiday RV and has received all the information it considers
necessary or appropriate in making an investment decision with respect to the
Conversion Shares. Each member of the Investor Group has had an opportunity to
ask questions and has received answers from Holiday RV regarding the terms and
conditions of the Transaction Documents and the business, properties, prospects
and financial condition of Holiday RV.

          8.4   Investment Experience.  Each member of the Investor Group
acknowledges that it is able to fend for itself, can bear the economic risk of
its investment, and has such knowledge and experience in financial or business
matters that it is capable of evaluating the merits and risks of the investment
in the Conversion Shares. Each member of the Investor Group has carefully
evaluated such member's financial resources and investment position and the
risks associated with an investment in the Conversion Shares, and acknowledges
that such member is able to bear the economic risks of this investment. Each
member of the Investor Group further acknowledges that such member's financial
condition is such that the member is not under any present necessity or
constraint to dispose of the securities to satisfy any existing or contemplated
debt or undertaking.

          8.5   Further Restrictions on Transfer.  Without in any way limiting
the representations set forth above in this Section 8, each member of the
                                            ---------
Investor Group further agrees not to make any disposition of all or any portion
of the Conversion Shares unless and until either (a) the Registration Statement
is then in effect covering such proposed disposition and such disposition is
made in accordance with such Registration Statement or (b) such member shall
have furnished Holiday RV with an opinion of counsel, reasonably satisfactory to
Holiday RV, that such disposition will not require registration of the
Conversion Shares in question under the Act.

     Notwithstanding the provisions of paragraphs (a) and (b) above, no such
registration statement or opinion of counsel shall be required: (i) for any
transfer of any Conversion Shares in compliance with SEC Rule 144 or Rule 144A;
or (ii) for any transfer of any Conversion Shares by a holder thereof that is a
partnership or a corporation to: (1) a partner of such partnership or a
shareholder of such corporation; (2) a retired partner of such partnership who
retires after the date

                                       8
<PAGE>

hereof; or (3) the estate of any such partner or shareholder; provided, that in
each of the foregoing cases (1) - (3) of Section 8.5(ii), the transferee agrees
in writing to be subject to the terms of this Section 8 and Sections 4 and 5 to
                                              ---------     ----------     -
the same extent as if the transferee were an original transferee of Conversion
Shares hereunder.

     9.   Representations, Warranties and Agreements of the Parties with Regard
to Insider Status. In addition to any representations and warranties any member
of the Holiday RV Group and any member of the Investor Group may make elsewhere
in this Conversion Agreement, or in any other document delivered to any party in
connection herewith, Holiday RV, County Line, Armando and Francisco, jointly and
severally represent and warrant to each other party that the statements
contained in this Section 9 are true, accurate, complete, and not misleading in
                  ---------
any material respect, and acknowledge that each of them are relying upon such
representations, warranties and agreements in entering into this Conversion
Agreement and the transactions contemplated herein.

          9.1   Possession of Material Non-Public Information.

                9.1.1  The parties acknowledge that Armando and/or Francisco may
have possession of, or may have received, confidential or material non-public
information concerning the Common Stock and/or Holiday RV that the Holiday RV
and/or County Line  do not possess or have access to (the "Buyer Information").
In addition, the parties acknowledge that Holiday RV and/or County Line may have
possession of, or may have received, confidential or material non-public
information concerning the Common Stock and/or Holiday RV, that Armando and/or
Francisco do no possess or have access to (the "Seller Information");

                9.1.2  The Holiday RV Group and the Investor Group have each
requested that the other not disclose to it any of the Buyer Information or the
Seller Information;

                9.1.3  The Holiday RV Group and the Investor Group have each
complied with the other's request not to disclose to it any of the Buyer
Information or the Seller Information; and

                9.1.4  As a consequence of such non-disclosure of the Buyer
Information or the Seller Information, as the case may be, there may exist a
disparity of information between the Holiday RV Group and the Investor Group
with respect to the Common Stock and/or Holiday RV.

          9.2   Indemnification.  As a condition to the Investor Group's
agreement to purchase, and the Holiday RV Group's agreement to sell the
Conversion Shares, each agree to waive against the other, and hereby release and
agree to indemnify and hold harmless the other from, claims, if any the other
could otherwise have with respect to the non-disclosure of the Buyer Information
or the Seller Information.

     10.  Miscellaneous Provisions.

          10.1  Exhibits.  All exhibits described in this Conversion Agreement
are incorporated by reference as if fully set forth herein, and constitute a
material part of this Conversion Agreement, whether or not such exhibits are
attached hereto.

                                       9
<PAGE>

          10.2  Governing Law.  This Conversion Agreement shall in all respects
be construed, interpreted and enforced in accordance with and governed by the
laws of the State of Florida, United States of America. Any legal action between
the parties regarding this Conversion Agreement shall be brought in, and the
parties hereby consent to the jurisdiction of and venue in the federal and state
courts located in the State of Florida, United States of America.

          10.3  Notices.  Any notice, demand or other communication required or
permitted under this Conversion Agreement shall be deemed given and delivered
when in writing and (a) personally served upon the receiving party, or (b) upon
the third (3rd) calendar day after mailing to the receiving party by either (i)
United States registered or certified mail, postage prepaid, or (ii) Federal
Express or other comparable overnight delivery service, delivery charges
prepaid, and addressed as follows:

     To Holiday RV:       Holiday RV Superstores, Inc.
                          200 E. Broward, Suite 920
                          Ft. Lauderdale, FL 33301
                          Attn:  Michael S. Riley
                          Telephone: 954-522-9903
                          Facsimile: 954-523-9006

     To any member of
     the Investor Group:  Armando Alonso
                          36007 Lake Unity Nursey Road
                          Fruitland Park, FL 34731
                          Telephone: 352-728-3978
                          Facsimile: 352-728-5562

                          Francisco Alonso
                          36007 Lake Unity Nursey Road
                          Fruitland Park, FL 34731
                          Telephone: 352-728-3978
                          Facsimile: 352-728-5562

     with a copy to:      Byrd F. Marshall, Jr., Esq.
                          Gray, Harris & Robinson, P.A.
                          301 East Pine Street, Suite 1400
                          Orlando, FL 32802
                          Telephone: 407-843-8880
                          Facsimile: 407-244-5690

Any party may change the address specified in this section by giving the other
party notice of such new address in the manner set forth herein.

          10.4  Severability.  In the event that any provision of this
Conversion Agreement becomes or is declared by a court of competent jurisdiction
to be illegal, unenforceable or invalid, then this Conversion Agreement shall
continue in full force and effect without said provision. If this Conversion
Agreement continues in full force and effect as provided above, the parties
shall replace

                                       10
<PAGE>

the invalid provision with a valid provision which corresponds as far as
possible to the spirit and purpose of the invalid provision.

          10.5    Counterparts.  This Conversion Agreement may be executed in
any number of counterparts, each of which may be executed by less than all of
the parties hereto, each of which shall be enforceable against the parties
actually executing such counterparts, and all of which together shall constitute
one document.

          10.6    Entire Agreement.  This Conversion Agreement, and the
documents and agreements contemplated herein and therein, constitute the entire
agreement between the parties with respect to the subject matter hereof, and
supersede all prior oral or written agreements, representations or warranties
between the parties other than those set forth herein or herein provided for.

          10.7    Successors and Assigns.  Except as specifically permitted
pursuant to the terms and conditions hereof, no party shall be permitted to
assign their respective rights or obligations under this Conversion Agreement
without the prior written consent of the other parties. The provisions hereof
shall inure to the benefit of, and be binding upon, the permitted successors and
assigns, heirs, executors, and administrators of the parties hereto.

          10.8    Amendment and Waiver.  No modification or waiver of any
provision of this Conversion Agreement shall be binding upon the party against
whom it is sought to be enforced, unless specifically set forth in writing
signed by an authorized representative of that party. A waiver by any party of
any of the terms or conditions of this Conversion Agreement in any one instance
shall not be deemed or construed to be a waiver of such terms or conditions for
the future, or of any subsequent breach thereof. The failure by any party hereto
at any time to enforce any of the provisions of this Conversion Agreement, or to
require at any time performance of any of the provisions hereof, shall in no way
to be construed to be a waiver of such provisions or to affect either the
validity of this Conversion Agreement or the right of any party to thereafter
enforce each and every provision of this Conversion Agreement.

                            [Signature Page Follows]

                                       11
<PAGE>

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

                              HOLIDAY RV SUPERSTORES, INC.

                              By: ________________________________
                                    Michael S. Riley
                                    Chief Executive Officer

                              COUNTY LINE SELECT CARS, INC.

                              By: ________________________________
                                    Michael S. Riley
                                    Chief Executive Officer

                              ___________________________________
                              Armando Alonso

                              ___________________________________
                              Francisco Alonso
<PAGE>

                                 SCHEDULE 3.3

                            Mortgaged Real Property

                            PARCEL 1 -MARION COUNTY
                          (Ocala North - CLRV Store)

A parcel of land lying in the North 1/2 of Section 6, Township 15 South, Range
22 East, Marion County, Florida, being more particularly described as follows:

Commence at the intersection of the East right of way line of N.W. 16th Avenue
and the South right of way line of N.W. 31st Street (not open), thence North 89
degrees 09 minutes 36 seconds East, along said South right of way line of N.W.
31st Street, 1034.85 feet to the point of beginning; thence continue North 89
degrees 09 minutes 36 seconds East, along said right of way line, 500.58 feet to
the West right of way line of Alternate U.S. Highway 441, thence South 32
degrees 31 minutes 25 seconds East, along said right of way line, 40.64 feet;
thence continuing along said right of way line, South 57 degrees 28 minutes 35
seconds West, 35.00 feet, thence continuing along said right of way line, South
32 degrees 41 minutes 21 seconds East, 434.36 feet, thence departing said right
of way line, South 89 degrees 26 minutes 46 seconds West, 531.90 feet, thence
North 25 degrees 09 minutes 23 seconds West, 460.09 feet to the point of
beginning.

Parcel ID#R25238-000-02

                           PARCEL 2 - MARION COUNTY
                   (Ocala North Retail Store (B & Q, Inc.))

Commencing at the Northwest corner of Section 6, Township 15 South, Range 22
East; thence run South 89 degrees 40 minutes 27 seconds East, along the North
line of said Section 6, a distance of 666.60 feet; thence run South 32 degrees
20 minutes 27 seconds East along the Easterly right of way line of S.R. 25, a
distance of 1630.48 feet to the Point of Beginning; thence continue South 32
degrees 20 minutes 27 seconds East a distance of 202.63 feet; thence run North
89 degrees 33 minutes 33 seconds East, a distance of 112.05 feet; thence run
South 32 degrees 20 minutes 27 seconds East, a distance of 198.99 feet to a
point on the Westerly right of way line of U.S. Highways 441 and 301; thence run
North 11 degrees 35 minutes 26 seconds West, along the chord of a curve, (said
curve having a radius of 5829.65 feet and a delta angle of 02 degrees 17 minutes
58 seconds) a chord distance of 233.94 feet to the P.T. of said curve; thence
run North 10 degrees 26 minutes 27 seconds West, along said right of way, a
distance of 108.71 feet; thence run North 89 degrees 29 minutes 35 seconds West,
a distance of 260.25 feet to the Point of Beginning; said property lying and
being all in the Northwest 1/4 of Section 6, Township 15 South, Range 22 East,
Marion County, Florida.

Parcel ID#R25226-003-01

LESS AND EXCEPT the lands conveyed in the Warranty Deed recorded in Official
Records Book 2442, Page 1568, Public Records of Marion County, Florida,
described as follows:
<PAGE>

A portion of the North Half of Section 6, Township 15 South, Range 22 East,
Marion County, Florida, being more particularly described as follows:

Commence at the Northwest corner of said Section 6; thence South 89 degrees 40
minutes 27 seconds East, along the North line of said Section, 666.60 feet to
the intersection with the Easterly right of way line of State Road 25A (width
varies); thence departing said North line, South 32 degrees 20 minutes 27
seconds East, along said Easterly right of way line 1,833.11 feet; thence North
89 degrees 33 minutes 33 seconds East along a deviation in said right of way
line, 112.05 feet to the POINT OF BEGINNING; thence departing said right of way
line, North 00 degrees 26 minutes 27 seconds West, 20.00 feet; thence North 89
degrees 33 minutes 33 seconds East, 67.22 feet to the intersection with the
Westerly right of way line of U.S. Highway No. 441-301 (200 feet width); said
point being on a curve concave Southerly and having as its elements a central
angle of 00 degrees 12 minutes 00 seconds and a radius of 5,829.65 feet; thence
Southerly along the arc of said curve and said right of way line, 20.34 feet;
thence departing said right of way line, South 89 degrees 33 minutes 33 seconds
West, 70.93 feet to the POINT OF BEGINNING.

(Parcel ID#R25226-003-02 - less out parcel)

                           PARCEL 3 - MARION COUNTY
                 (Ocala North Retail Sign at Accessory Store)

A portion of the North 1/2 of Section 6, Township 15 South, Range 22 East,
Marion County, Florida, being more particularly described as follows:

Commence at the Northwest corner of said Section 6; thence South 89 degrees 40
minutes 27 seconds East, along the North line of said Section, 666.60 feet to
the intersection with the Easterly right of way line of State Road 25A (width
varies); thence departing said North line, South 32 degrees 20 minutes 27
seconds East, along said Easterly right of way line, 1,833.11 feet, thence North
89 degrees 33 minutes 33 seconds East, along a deviation in said right of way
line, 112.05 feet to the Point of Beginning; thence departing said right of way
line, North 00 degrees 26 minutes 27 seconds West, 20.00 feet; thence North 89
degrees 33 minutes 33 seconds East, 67.22 feet to the intersection with the
Westerly right of way line of U.S. Highway 441-301 (200 feet wide), said point
being on a curve concave Southerly and having as its elements a central angle of
00 degrees 12 minutes 00 seconds and a radius of 5,829.65 feet; thence Southerly
along the arc of said curve and said right of way line, 20.34 feet; thence
departing said right of way line, South 89 degrees 33 minutes 33 seconds West,
70.93 feet to the Point of Beginning.

Parcel ID#R25226-003-02

                           PARCEL 4 - MARION COUNTY
                          (Ocala North Wild Frontier)

A portion of the Southwest 1/4 of the Northwest 1/4 of Section 6, Township 15
South, Range 22 East, Marion County, Florida, and a portion of Lots 20, 21 and
22, Homewood, as recorded in Plat Book C, Page 76 of the Public Records of
Marion County, Florida, being more particularly described as follows:
<PAGE>

Begin at the Northeast corner of the Southwest 1/4 of the Northwest 1/4 of said
Section 6, said point also being the Northwest corner of the aforementioned Lot
20; thence South 25 degrees 07 minutes 52 seconds East, 503.95 feet; thence
South 89 degrees 27 minutes 37 seconds West, 1249.30 feet to the East right of
way line of N.W. 16th Avenue (Bullock Avenue) (50 feet wide); thence North 00
degrees 01 minute 47 seconds East along said East right of way line of N.W. 16th
Avenue, 456.58 feet to the point of intersection with the South right of way
line of N.W. 31st Street (Burford Avenue)(50 feet wide), said point also being
on the North boundary of the Southwest 1/4 of the Northwest 1/4 of said Section
6; thence departing said East right of way line North 89 degrees 22 minutes 00
seconds East along said South right of way line and said North boundary, 1035.05
feet to the Point of Beginning.

Parcel ID#R25226-000-00

                        PARCELS 5 AND 6 - MARION COUNTY
               Parcel 5 - Ocala South (RV Sales Lot and Office)
                    Parcel 6 - Ocala South Mobile Home Park

Parcel 1:

Commencing at the Northwest corner of Section 10, Township 16 South, Range 22
East, thence South along the West boundary of said Section 967.39 feet, thence
North 68 degrees 36 minutes 20 seconds East, 686.11 feet for the Point of
Beginning; North 68 degrees 36 minutes 20 seconds East, 135.00 feet, thence
South 26 degrees 37 minutes 50 seconds East, 135.00 feet, thence South 68
degrees 36 minutes 20 seconds West, 135.00 feet, thence North 26 degrees 37
minutes 50 seconds West, 135.00 feet to the Point of Beginning; known as Lot 10
of an unrecorded subdivision in the Northwest 1/4 of the Northwest 1/4 of
Section 10, Township 16 South, Range 22 East, Marion County, Florida.

Portion of Parcel ID#R36501-000-00

Parcel 2:

Commencing at the intersection of the North boundary of Section 10, Township 16
South, Range 22 East, Marion County, Florida, with the West right of way line of
U.S. Highway 441, thence South 26 degrees 49 minutes 30 seconds East along said
West right of way line 950 feet to the Point of Beginning; thence South 76
degrees 22 minutes 30 seconds West 359.52 feet; thence South 26 degrees 49
minutes 30 seconds East and parallel to the aforementioned West right of way
line 174.26 feet; thence East 392.16 feet to the West right of way line of U.S.
Highway No. 441; thence North 26 degrees 49 minutes 30 seconds West along said
West right of way line 269.15 feet to the Point of Beginning.

Parcel ID#R36503-007-00

Parcel 3:

All that certain tract or parcel of land lying and being situate in the
Northwest 1/4 of Section 10, Township 16 South, Range 22 East, Marion County,
Florida, being more fully and particularly described as follows:
<PAGE>

For a Point of Reference commence at the Northwest corner of said Section 10,
from which proceed on the West line thereof South, a distance of 967.39 feet;
thence departing from said line North 68 degrees 36 minutes 20 seconds East, a
distance of 821.11 feet; thence South 26 degrees 37 minutes 50 seconds East a
distance of 135.00 feet to the Point of Beginning. From the Point of Beginning
thus described continue South 26 degrees 37 minutes 50 seconds East, a distance
of 339.26 feet; thence North 89 degrees 48 minutes 20 seconds West, a distance
of 150.64 feet; thence North 26 degrees 37 minutes 50 seconds West, a distance
of 283.63 feet; thence North 68 degrees 36 minutes 20 seconds East a distance of
135.00 feet to the Point of Beginning.

Portion of Parcel ID#R36501-000-00

Parcel 4:

Beginning at a point 250 feet North of the Northeast corner of the Northwest 1/4
of the Southwest 1/4 of the Northwest 1/4 of Section 10, Township 16 South,
Range 22 East, Marion County, Florida; thence run South 250 feet to said
Northeast corner of Northwest 1/4 of Southwest 1/4 of Northwest 1/4 of Section
10, Township 16 South, Range 22 East; thence run East 908.45 feet, more or less,
to the West right of way line of the Dixie Highway 441; thence run Northwesterly
with and along said West right of way line of said Dixie Highway to a point due
East of the Point of Beginning; thence run West to the Point of Beginning.

Portion of Parcel ID#R36501-000-00

Parcel 5 ID#R36503-007-00
Parcel 6 ID#R36501-000-00

                            PARCEL 7 - LAKE COUNTY
                            (Clermont - CLRV Store)

All that part of the Southeast 1/4 of the Southeast 1/4 of Section 22, Township
21 South, Range 25 East, lying South of Highway 27, Lake County, Florida.

Parcel ID#2221250004-000-01501

                            PARCEL 8 - LAKE COUNTY
                            (Clermont - CLRV Store)

That part of the West 400.00 feet of the Southwest 1/4 of the Southeast 1/4 of
Section 22, Township 21 South, Range 25 East in Lake County, Florida, lying
South of the Southerly line of the right of way of U.S. Highway 27, Lake County,
Florida.

Parcel ID#2221250004-000-01300
<PAGE>

                            PARCEL 9 - LAKE COUNTY
                                  (Clermont)

     INTENTIONALLY DELETED FROM TRANSACTION

                            PARCEL 10 - LAKE COUNTY
                                  (Clermont)

Commence at the Southwest corner of the Southeast 1/4 of Section 22, Township 21
South, Range 25 East, Lake County, Florida, thence run North 89 degrees 46
minutes 15 seconds East along the South line of the Southeast 1/4 of said
Section 22 for a distance of 400.00 feet to the Point of Beginning: thence
leaving said South line run North 00 degrees 29 minutes 04 seconds East for a
distance of 880.90 feet to the South right of way line of U.S. Highway No. 27;
thence run South 78 degrees 21 minutes 58 seconds East along said right of way
line for a distance of 441.39 feet; thence leaving said right of way line run
South 11 degrees 38 minutes 02 seconds West for a distance of 807.34 feet to the
aforesaid South line of the Southeast 1/4; thence run South 89 degrees 46
minutes 15 seconds West along said South line for a distance of 276.97 feet to
the Point of Beginning.

Parcel ID#2221250004-000-02400

                           PARCEL 11 - CITRUS COUNTY
                                  (Inverness)

Part of Lot 2, KAR-MAN-CHE HILLS, being more particularly described as follows:

Begin at the most Northerly corner of Lot 2, KAR-MAN-CHE HILLS as recorded in
Plat Book 4, Page 112, Public Records of Citrus County, Florida, said point
being on the Southwesterly right of way line of State Road No. 44, thence South
55 degrees 12 minutes 30 seconds East along said right of way line a distance of
249.00 feet, thence South 09 degrees 53 minutes 48 seconds West a distance of
136.69 feet, thence North 44 degrees 57 minutes 49 seconds West a distance of
5.92 feet, thence South 45 degrees 02 minutes 11 seconds West a distance of 4.75
feet, thence South 44 degrees 57 minutes 49 seconds East a distance of 9.26
feet, thence South 09 degrees 53 minutes 48 seconds West a distance of 80.06
feet to the Northerly right of way line of Crystal Boulevard as shown on said
plat, said right of way line also being the South line of said Lot 2, thence
North 89 degrees 08 minutes 15 seconds West along said South line a distance of
44.05 feet to the Southwesterly corner of Lot 2, thence North 18 degrees 43
minutes West along Southwesterly boundary of said Lot 2, a distance of 380.80
feet to the Point of Beginning: LESS AND EXCEPT that portion lying within a 100
foot Power Line Easement across the Westerly 50 feet thereof.

AND

Commence at the most Easterly corner of Lot 16, KAR-MAN-CHE HILLS as recorded in
Plat Book 4, Page 112, Public Records of Citrus County, Florida, thence South 89
degrees 08 minutes 15 seconds East along the Northerly right of way line of
Crystal Boulevard (33 feet wide) as shown on said plat a distance of 53.07 feet
to the Point of Beginning, said point also being the most Westerly corner of Lot
1 as shown on said plat, thence North 18 degrees 43 minutes West along the
Northeasterly line of a Power Line Easement 50 feet on each side of the
Northeasterly boundary of Lot 16 and 3 as shown on said plat a distance of 18.60
feet, thence North 09 degrees 53 minutes 48
<PAGE>

seconds East 25.06 feet, thence South 18 degrees 43 minutes East parallel to
said Power Line Easement a distance of 44.87 feet to the Northerly right of way
line of Crystal Boulevard as shown on said plat, thence North 89 degrees 08
minutes 15 seconds West 12.74 feet along said right of way line to the Point of
Beginning.

Parcel ID#R12-19S19E0030-0020

                           PARCEL 12 - CITRUS COUNTY
                            (Inverness CLRV Store)

Lot 1 and all that part of Lot 2 lying East of Power Line Easement, of KAR-MAN-
CHE HILLS, according to the map or plat thereof recorded in Plat Book 4, Page
112, Public Records of Citrus County, Florida, LESS AND EXCEPT the following:
Begin at the most Northerly corner of Lot 2, KAR-MAN-CHE HILLS as recorded in
Plat Book 4, Page 112, Public Records of Citrus County, Florida, said point
being the Southwesterly right of way of State Road No. 44, thence South 55
degrees 12 minutes 30 seconds East along said right of way line a distance of
249.00 feet, thence South 09 degrees 53 minutes 48 seconds West a distance of
136.69 feet, thence North 44 degrees 57 minutes 49 seconds West a distance of
5.92 feet, thence South 45 degrees 02 minutes 11 seconds West a distance of 4.75
feet, thence South 44 degrees 57 minutes 49 seconds East a distance of 9.26
feet, thence South 09 degrees 53 minutes 48 seconds West a distance of 80.06
feet to the Northerly right of way line of Crystal Boulevard as shown on said
Plat, said right of way line also being the South line of said Lot 2, thence
North 89 degrees 08 minutes 15 seconds West along said South line a distance of
44.05 feet to the Southwesterly corner of said Lot 2, thence North 18 degrees 43
minutes West along the Southwesterly boundary of said Lot 2 a distance of 380.80
feet to the Point of Beginning, LESS that portion of the above-described land
lying within the 100 foot wide Power Line Easement as shown on the Plat of said
KAR-MAN-CHE HILLS.

LESS AND EXCEPT

Commence at the most Easterly Corner of Lot 16, KAR-MAN-CHE HILLS as recorded in
Plat Book 4, Page 112, Public Records of Citrus County, Florida, thence South 89
degrees 08 minutes 15 seconds East along the Northerly right of way line of
Crystal Boulevard (33 feet wide) as shown on said plat a distance of 53.07 feet
to the Point of Beginning, said point also being the most Westerly Corner of Lot
1 as shown on said plat, thence North 18 degrees 43 minutes West along the
Northeasterly line of a Power Line Easement 50 feet on each side of the
Northeasterly boundary of Lots 16 and 3 as shown on said plat a distance of
18.60 feet, thence North 09 degrees 53 minutes 48 seconds East 25.06 feet,
thence South 18 degrees 43 minutes East parallel to said Power Line Easement a
distance of 44.87 feet to the Northerly right of way line of Crystal Boulevard
as shown on said plat, thence North 89 degrees 08 minutes 15 seconds West, 12.74
feet along said right of way line to the Point of Beginning.

ALSO LESS AND EXCEPT THE FOLLOWING DESCRIBED LAND TAKEN BY THE STATE OF FLORIDA
IN THE FINAL JUDGMENT RECORDED IN OFFICIAL RECORDS BOOK 1120, PAGE 1806, PUBLIC
RECORDS OF CITRUS COUNTY, FLORIDA, DESCRIBED AS FOLLOWS:
<PAGE>

That part of:

     Lot 1 and Lot 2, lying East of powerline easement, of KAR-MAN-CHE HILLS,
according to the map or plat thereof as recorded in Plat Book 4, Page 112,
Public Records of Citrus County, Florida, Section 12, Township 19 South, Range
19 East.

described as follows:

Commence at the Southwest corner of Section 12, Township 19 South, Range 19
East, Citrus County, Florida; thence run South 88 degrees 51 minutes 57 seconds
East along the South line of said Section 12, being the Northerly right of way
line of Crystal Blvd., a 33-foot platted street and the South line of KAR-MAN-
CHE HILLS, as recorded in Plat Book 4, Page 112, Public Records of Citrus
County, Florida, a distance of 1131.45 feet to a point that is North 88 degrees
51 minutes 57 seconds West, 230.06 feet from the center line of State Road 44,
as shown on Florida Department of Transportation Right of Way Map, Section
02050-2535, for the POINT OF BEGINNING; thence continue South 88 degrees 51
minutes 57 seconds East along said South line (Northerly right of way line)
140.00 feet to the Southerly existing right of way line of said State Road No.
44; thence North 54 degrees 57 minutes 49 seconds West along said right of way
line 105.00 feet; thence South 43 degrees 11 minutes 51 seconds West 78.89 feet
to the Point of Beginning.

Parcel ID#R12-19S19E0030-0010
<PAGE>

                                   EXHIBIT A

                                 RESIGNATIONS
<PAGE>

                              OFFICER RESIGNATION

     I, Armando Alonso, do hereby resign as Senior Vice President and General
Manager - Florida Division of County Line Select, Inc.  My resignation becomes
effective immediately.

Dated: March 1, 2001                _______________________________
                                    Armando Alonso
<PAGE>

                              OFFICER RESIGNATION

     I, Francisco Alonso, do hereby resign as Vice President and General Manager
- Florida Division of County Line Select, Inc.  My resignation becomes effective
immediately.

Dated: March 1, 2001                ______________________________________
                                    Francisco Alonso
<PAGE>

                                   EXHIBIT B

                          [FORM OF OPTION CERTIFICATE]
<PAGE>

                          [FORM OF OPTION CERTIFICATE]

THE OPTIONS REPRESENTED BY THIS CERTIFICATE AND THE OTHER SECURITIES
TRANSFERABLE UPON EXERCISE THEREOF MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO
(i) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, (ii)
TO THE EXTENT APPLICABLE, RULE 144 UNDER SUCH ACT (OR ANY SIMILAR RULE UNDER
SUCH ACT RELATING TO THE DISPOSITION OF SECURITIES), OR (iii) AN OPINION OF
COUNSEL, IF SUCH OPINION SHALL BE REASONABLY SATISFACTORY TO COUNSEL FOR THE
ISSUER, THAT AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT IS AVAILABLE.

THE TRANSFER OR EXCHANGE OF THE OPTIONS REPRESENTED BY THIS CERTIFICATE IS
RESTRICTED IN ACCORDANCE WITH THE WARRANT EXCHANGE AGREEMENT REFERRED TO HEREIN.

                            EXERCISABLE ON OR BEFORE
               5:00 P.M., ORLANDO, FLORIDA TIME, November 1, 2003

Date: March 1, 2001                                          Options to Purchase
                                                     Up to 206,000 Common Shares

                               OPTION CERTIFICATE

     This Option Certificate certifies that Holiday RV Superstores, Inc., or
registered assigns, is the registered holder of Options to purchase, until 5:00
p.m. Orlando, Florida time on November 1, 2003 ("Expiration Date") from
______________ Alonso ("Alonso"), up to 206,000 shares (the "Option Shares") of
fully-paid and non-assessable shares of common stock, par value $0.001 (the
"Common Stock") of HOLIDAY RV SUPERSTORES, INC., a Delaware corporation
("Holiday RV"), at the initial exercise price, subject to adjustment in certain
events (the "Exercise Price"), of $8.00 per Option Share upon surrender of this
Option Certificate and payment of the Exercise Price, at an office or agency of
Alonso, but subject to the conditions set forth herein.  Payment of the Exercise
Price shall be made by certified or official bank check payable to the order of
Alonso or by surrender of this Option Certificate.

     The Options shall expire upon the following schedule:  On March 1, 2001,
and upon each of the following 29 monthly anniversaries after such date, the
Option shall expire with regard to 1/30th of the Option Shares initially subject
to this Option Certificate.

     No Option may be exercised after 5:00 p.m., Ft. Lauderdale, Florida time,
on the Expiration Date, at which time all Options evidenced hereby, unless
exercised prior thereto, hereby shall thereafter be void.

     The Options evidenced by this Option Certificate are part of a duly
authorized grant of Options pursuant to the Debt Conversion and Mutual
Settlement and Release Agreement ("Conversion Agreement"), which Conversion
Agreement is hereby incorporated by
<PAGE>

reference in and made a part of this instrument and is hereby referred to for a
description of the rights, limitation of rights, obligations, duties and
immunities thereunder of Alonso and the holders (the words "holders" or "holder"
meaning the registered holders or registered holder) of the Options.

     If the outstanding Common Stock shall be subdivided into a greater number
of shares of Common Stock, the Exercise Price and number of Option Shares in
effect at the opening of business on the day following the day upon which such
subdivision becomes effective shall be proportionately reduced and increased,
respectively, and, conversely, if the outstanding Common Stock shall be combined
into a smaller number of shares of Common Stock, the Exercise Price and number
of Option Shares in effect at the opening of business on the day following the
day upon which such combination becomes effective shall be proportionately
increased and reduced, respectively, such reduction and increase or increase and
reduction, as the case may be, to become effective immediately after the opening
of business on the day following the day upon which such subdivision or
combination becomes effective.

     If at any time after the date of this Option there shall be a merger or
consolidation of Holiday RV with or into or a transfer of substantially all of
the assets of Holiday RV to another entity, then the holder(s) hereof shall be
entitled to receive upon or after such transfer, merger or consolidation
becoming effective, and upon payment of the Exercise Price then in effect, the
number of shares or other securities or other property of Holiday RV or of the
successor corporation resulting from such merger or consolidation, which was
received by Alonso in exchange for the Option Shares.

     In the event the Exercise Price and the type and/or number of Holiday RV's
securities transferable thereupon are adjusted, in such event, Alonso will, at
the request of the holder, issue a new Option Certificate evidencing the
adjustment in the Exercise Price and the number and/or type of securities
transferable upon the exercise of the Options; provided, however, that the
failure of Alonso to issue such new Option Certificates shall not in any way
change, alter, or otherwise impair, the rights of the holder as set forth in the
Conversion Agreement.

     Upon due presentment for registration of transfer of this Option
Certificate at an office or agency of Alonso, a new Option Certificate or Option
Certificates of like tenor and evidencing in the aggregate a like number of
Options shall be issued to the transferee(s) in exchange for this Option
Certificate, subject to the limitations provided herein and in the Conversion
Agreement, without any charge except for any tax or other governmental charge
imposed in connection with such transfer.

     Upon the exercise of less than all of the Options evidenced by this
Certificate, Alonso shall forthwith issue to the holder hereof a new Option
Certificate representing such remaining unexercised Options.

     Alonso may deem and treat the registered holder(s) hereof as the absolute
owner(s) of this Option Certificate (notwithstanding any notation of ownership
or other writing hereon made by anyone), for the purpose of any exercise hereof,
and for all other purposes, and Alonso shall not be affected by any notice to
the contrary.
<PAGE>

     All terms used in this Option Certificate which are defined in the
Conversion Agreement shall have the meanings assigned to them in the Conversion
Agreement.

     IN WITNESS WHEREOF, Alonso has caused this Option Certificate to be duly
executed under its corporate seal.

     Dated as of March 1, 2001.

                                    ______________________________
                                    ________ Alonso
<PAGE>

                               NOTICE OF EXERCISE
                               ------------------

To:    __________________ Alonso ("Alonso")

(1)  The undersigned hereby elects to exercise the attached Option Certificate
     for and to purchase thereunder, _______ shares of Common Stock, and
     herewith makes payment therefor of $____________.

(2)  Please issue a certificate or certificates representing said shares of
     Common Stock in the name of the undersigned or in such other name as is
     specified below:

                    __________________________________
                    (Name)

                    __________________________________
                    (Address)
                    __________________________________

(3)  Please issue a new Option Certificate for the unexercised portion of the
     attached Option Certificate in the name of the undersigned or in such other
     name as specified below:

                              _____________________________________
                              (Name)

_____________________         _____________________________
(Date)                        (Signature)

                              ____________________________________
                              (Address)

Dated: _______________

_____________________________
Signature
<PAGE>

                                ASSIGNMENT FORM
                                ---------------

             (To assign the foregoing Option Certificate, execute
                  this form and supply required information.
           Do not use this form to exercise the Option Certificate.)

          FOR VALUE RECEIVED, the foregoing Option Certificate and all rights
evidenced thereby are hereby assigned to ______________________________________
whose address is ______________________________________.

Dated: _______________        Holder's Signature: __________________________

                              Holder's Address:   __________________________

                                                  __________________________

Signature Guaranteed: ____________________________________

NOTE:   The signature to this Assignment Form must correspond with the name as
it appears on the face of the Option Certificate, without alteration or
enlargement or any change whatsoever, and must be guaranteed by a bank or trust
company.  Officers of corporations and those acting in an fiduciary or other
representative capacity should file proper evidence of authority to assign the
foregoing Warrant.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}]]