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Exhibit 4.7  

 
 

AFFINITY GROUP, INC.    
    
    $200,000,000    
    
    9.00% Senior Subordinated Notes due 2012    
    
    PURCHASE AGREEMENT    
    

        February 6, 2004 

CIBC
WORLD MARKETS CORP.

c/o CIBC World Markets Corp.

425 Lexington Avenue, 3rd Floor

New York, New York 10017 

Ladies
and Gentlemen: 

        Affinity
Group, Inc., a Delaware corporation (the "Company"), and each of the Company's subsidiaries listed in  Exhibit A-1 hereto (each, a "Guarantor" and, collectively, the
"Guarantors" and, together with the Company, the "Issuers") hereby confirm their agreement with you (the
"Initial Purchaser"), as set forth below. 

        1.    The Securities.    Subject to the terms and conditions herein contained, the Company proposes to issue and sell
to the Initial Purchaser $200,000,000 aggregate principal amount of its 9.00% Senior Subordinated Notes due 2012 (the "Notes"). The obligations of the
Company under the Indenture (as hereinafter defined) and the Notes will be unconditionally guaranteed (the "Guarantees"), on a joint and several basis,
by each Guarantor. The Notes and the Guarantees are to be issued pursuant to the Indenture (the "Indenture"), to be dated as of February 18,
2004, among the Company, the Guarantors and The Bank of New York, as trustee (the "Trustee"). The Notes and the Guarantees are hereinafter referred to
collectively as the "Securities." 

        The
Securities will be offered and sold to the Initial Purchaser without such offers and sales being registered under the Securities Act of 1933, as amended (together with the rules and
regulations of the Securities and Exchange Commission (the "Commission") promulgated thereunder, the "Securities
Act"), in reliance on exemptions therefrom. 

        In
connection with the sale of the Securities, the Company has prepared a preliminary offering memorandum dated January 26, 2004 (the "Preliminary
Memorandum") and a final offering memorandum dated February 6, 2004 (the "Final Memorandum"; the Preliminary Memorandum
and the Final Memorandum each herein being referred to as a "Memorandum"), each setting forth or including a description of the terms of the Securities,
the terms of the offering of the Securities, a description of the Company and its subsidiaries and any material developments relating to the Company and its subsidiaries occurring after the date of
the most recent historical financial statements included therein. 

        The
Company and the Guarantors understand that the Initial Purchaser proposes to make an offering of the Notes only on the terms and in the manner set forth in the Memorandum and
Section 9 hereof as soon as the Initial Purchaser deems advisable after this Agreement has been executed and delivered, (i) to persons in the United States whom the Initial Purchaser
reasonably believes to be qualified institutional buyers ("QIBs") as defined in Rule 144A under the Securities Act, as such rule may be amended
from time to time ("Rule 144A"), in transactions under Rule 144A and (ii) outside the United States to certain persons in reliance
on Regulation S under the Securities Act ("Regulation S"). 

        The
Initial Purchaser and its direct and indirect transferees of the Securities will be entitled to the benefits of the Registration Rights Agreement to be dated as of
February 18, 2004 among the parties hereto (the "Registration Rights Agreement") pursuant to which the Issuers have agreed, among other 

 

things,
to file (i) a registration statement (the "Registration Statement") with the Commission registering the Securities or the Exchange Notes
(as defined in the Registration Rights Agreement) under the Securities Act or (ii) a shelf registration statement pursuant to Rule 415 under the Securities Act relating to the resale of
the Securities by holders thereof or, if applicable, relating to the resale of Private Exchange Notes (as defined in the Registration Rights Agreement) by the Initial Purchaser pursuant to an exchange
of the Notes for Private Exchange Notes. 

        In
connection with the Issuers' issuance and sale of the Securities, on January 20, 2004, the Company's parent, Affinity Group Holding, Inc.
("AGHI") (i) commenced a cash tender offer (the "Tender Offer") for any and all of its
outstanding 11% Senior Notes due 2007 (the "AGHI Notes") and (ii) concurrently therewith initiated a consent solicitation relating to the
adoption of certain proposed amendments to the indenture, dated as of April 2, 1997, under which the AGHI Notes were issued. 

        The
Securities, the Exchange Notes, the Private Exchange Notes, the Indenture, the Registration Rights Agreement and this Agreement are herein collectively referred to as the
"Basic Documents". The Issuers propose to issue the Securities simultaneously with the amendment of the Company's senior credit facility (the
"Amendment"), allowing for, among other things, the issuance and sale of the Securities and permitting (i) the distribution of the proceeds
thereof to AGHI to fund the Tender Offer and the repurchase or redemption of any AGHI Notes that remain outstanding after the completion of the Tender Offer and (ii) the distribution by the
Company of a dividend to its principal stockholder in the amount of $60.0 million (the "Transactions") (the Amendment and each other agreement
entered into in connection therewith or in connection with the Transactions are hereinafter referred to as the "Transaction Documents"). Following the
Transactions, the Company shall merge with AGHI and the Company shall remain as the surviving entity of that merger. 

        2.    Representations and Warranties of the Issuers.    The Issuers, jointly and severally, represent and warrant to
and agree with the Initial Purchaser that: 

        (a)   Neither
the Preliminary Memorandum as of the date thereof nor the Final Memorandum nor any amendment or supplement thereto as of the date thereof and at all times
subsequent thereto up to the Closing Date (as defined in Section 3 below) contained or contains any untrue statement of a material fact or omitted or omits to state a material fact necessary to
make the statements therein, in the light of the circumstances under which they were made, not misleading, except that the representations and warranties set forth in this Section 2 do not
apply to statements or omissions made in reliance upon and in conformity with information relating to the Initial Purchaser furnished to the Company in writing by the Initial Purchaser expressly for
use in the Preliminary Memorandum, the Final Memorandum or any amendment or supplement thereto. 

        (b)   Each
of the Company and its subsidiaries set forth in Exhibit A-2 hereto (the
"Subsidiaries") has been duly incorporated and each of the Company and the Subsidiaries is validly existing in good standing as a corporation,
partnership or limited liability company, as the case may be, under the laws of its jurisdiction of incorporation, organization or formation, as the case may be, with the requisite corporate or other
power and authority to own its properties and conduct its business as now conducted as described in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary
Memorandum) and is duly qualified to do business as a foreign corporation in good standing in all other jurisdictions where the ownership or leasing of its properties or the conduct of its business
requires such qualification, except where the failure to be so qualified would not, individually or in the aggregate, have a material adverse effect on the general affairs, management, business,
condition (financial or other), properties, prospects or results of operations of the Company and the Subsidiaries, taken as a whole (any such event, a "Material Adverse
Effect"); as of the Closing Date, the Company will have the authorized, issued and outstanding capitalization set forth in the Final Memorandum (or, if the Final Memorandum is
not in existence, the most recent Preliminary Memorandum); except as set forth in Exhibit A-2

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hereto,
the Company does not have any subsidiaries or own directly or indirectly any of the capital stock or other equity or long-term debt securities of or have any equity interest in any
other person; all of the outstanding shares of capital stock of the Company and the Subsidiaries have been duly authorized and validly issued, are fully paid and nonassessable and were not issued in
violation of any preemptive or similar rights and are owned free and clear of all liens, encumbrances, equities and restrictions on transferability (other than those imposed by the Securities Act and
the state securities or "Blue Sky" laws) or voting; except as set forth in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum), all of the
outstanding shares of capital stock of the Subsidiaries are owned, directly or indirectly, by the Company; except as set forth in the Final Memorandum (or, if the Final Memorandum is not in existence,
the most recent Preliminary Memorandum), no options, warrants or other rights to purchase from the Company or any Subsidiary, agreements or other obligations of the Company or any Subsidiary to issue
or other rights to convert any obligation into, or exchange any securities for, shares of capital stock of or ownership interests in the Company or any Subsidiary are outstanding and no holder of
securities of the Company or any Subsidiary is entitled to have such securities registered under the Securities Act; and except as set forth in the Final Memorandum (or, if the Final Memorandum is not
in existence, the most recent Preliminary Memorandum), there is no agreement, understanding or arrangement among the Company or any Subsidiary and each of their respective stockholders or any other
person relating to the ownership or disposition of any capital stock of the Company or any Subsidiary or the election of directors of the Company or any Subsidiary or the governance of the Company's
or any Subsidiary's affairs, and, if any, such agreements, understandings and arrangements will not be breached or violated as a result of the execution and delivery of, or the consummation of the
transactions contemplated by, this Agreement, the other Basic Documents and the Transaction Documents. 

        (c)   Each
of the Issuers has the requisite corporate or similar power and authority to execute, deliver and perform its respective obligations under the Securities, the
Exchange Notes and the Private Exchange Notes. The Notes, the Exchange Notes and the Private Exchange Notes have each been duly and validly authorized by the Company for issuance and, when executed by
the Company and authenticated by the Trustee in accordance with the provisions of the Indenture, and, in the case the Notes, delivered to and paid for by the Initial Purchaser in accordance with the
terms hereof, will have been duly executed, issued and delivered and will constitute valid and legally binding obligations of the Company, entitled to the benefits of the Indenture and enforceable
against the Company in accordance
with their terms except that the enforcement thereof may be limited by (i) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or hereafter in
effect relating to or affecting creditors' rights generally or (ii) general principles of equity and the discretion of the court before which any proceeding therefor may be brought (regardless
of whether such enforcement is considered in a proceeding at law or in equity) (collectively, the "Enforceability Exceptions"); the Guarantees endorsed
on the Notes and the guarantees to be endorsed on the Exchange Notes and the Private Exchange Notes have each been duly and validly authorized by each of the Guarantors and, when the Notes are
executed by the Company and authenticated by the Trustee in accordance with the provisions of the Indenture, and delivered to and paid for by the Initial Purchaser in accordance with the terms hereof,
will have been duly executed, issued and delivered and will constitute valid and legally binding obligations of the Guarantors, entitled to the benefits of the Indenture and enforceable against the
Guarantors in accordance with their terms except that the enforcement thereof may be limited by the Enforceability Exceptions; the Securities are in the form contemplated by the Indenture. 

        (d)   Each
of the Issuers has the requisite corporate or similar power and authority to execute, deliver and perform its obligations under the Indenture. The Indenture has
been duly and validly authorized by the Issuers and meets the requirements for qualification under the Trust Indenture 

3

 

Act
of 1939, as amended (the "Trust Indenture Act"), and, when executed and delivered by the Issuers (assuming the due authorization, execution and
delivery by the Trustee), will constitute a valid and legally binding agreement of the Issuers, enforceable against the Issuers in accordance with its terms except that the enforcement thereof may be
limited by the Enforceability Exceptions. 

        (e)   Each
of the Issuers has the requisite corporate or similar power and authority to execute, deliver and perform its obligations under this Agreement. This Agreement has
been duly and validly authorized by the Issuers and, when executed and delivered by the Issuers, will constitute a valid and legally binding agreement of the Issuers, enforceable against the Issuers
in accordance with its terms except that the enforcement thereof may be limited by the Enforceability Exceptions and except as any rights to indemnity or contribution hereunder may be limited by
federal and state securities laws and public policy considerations. 

        (f)    Each
of the Issuers has the requisite corporate or similar power and authority to execute, deliver and perform its obligations under the Registration Rights Agreement.
The Registration Rights Agreement has been duly and validly authorized by the Issuers and, when executed and delivered by the Issuers, will constitute a valid and legally binding agreement of the
Issuers, enforceable against the Issuers in accordance with its terms except that the enforcement thereof may be limited by the Enforceability Exceptions and except as any rights to indemnity or
contribution hereunder may be limited by federal and state securities laws and public policy considerations. The Securities, the Indenture and the Registration Rights Agreement conform in all material
respects to the descriptions thereof in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum). 

        (g)   Each
of the Issuers has the requisite corporate or similar power and authority to execute, deliver and perform its obligations under the Transaction Documents. The
Transaction Documents have been duly and validly authorized by the Issuers and, when executed and delivered by the Issuers, will constitute valid and legally binding agreements of the Issuers,
enforceable against the Issuers in accordance with their terms except that the enforcement thereof may be limited by the Enforceability Exceptions and except as any rights to indemnity or contribution
thereunder may be limited by federal and state securities laws and public policy considerations. Each of the Transaction Documents conforms in all material respects to the description thereof in the
Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum). 

        (h)   The
Issuers have delivered to the Initial Purchaser a true and correct copy of each of the Transaction Documents that has been executed and delivered prior to the date
of this Agreement, if any, and each other Transaction Document in the form substantially as it will be executed and delivered on, prior to or after the Closing Date, together with all related
agreements and all schedules and exhibits thereto, and as of the date hereof there have been no amendments, alterations, modifications or waivers of any of the provisions of any of the Transaction
Documents since their date of execution or from the form in which any such Transaction Document has been delivered to the Initial Purchaser; and there exists as of the date hereof (after giving effect
to the transactions contemplated by each of the Transaction Documents) no event or condition that would constitute a default or an event of default (in each case as defined in each of the Transaction
Documents) under any of the Transaction Documents that would result in a Material Adverse Effect or materially adversely affect the ability of the Company to consummate the Transactions. 

        (i)    No
consent, approval, authorization, license, qualification, exemption or order of any court or governmental agency or body or third party is required for the
performance of this Agreement, the Registration Rights Agreement, the Securities, the Indenture or any Transaction Document by the Issuers or for the consummation by the Issuers of any of the
transactions 

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contemplated
hereby and thereby, or the application of the proceeds of the issuance of the Securities as described in the Final Memorandum (or, if the Final Memorandum is not in existence, the most
recent Preliminary Memorandum), except as has already been acquired or as may be required under state securities or "Blue Sky" laws in connection with the purchase and distribution of the Securities
by the Initial Purchaser; all such consents, approvals, authorizations, licenses, qualifications, exemptions and orders set forth in the Final Memorandum (or, if the Final Memorandum is not in
existence, the most recent Preliminary Memorandum) which are required to be obtained by the Closing Date have been obtained or made, as the case may be, and are in full force and effect and not the
subject of any pending or, to the best knowledge of the Issuers, threatened attack by appeal or direct proceeding or otherwise. 

        (j)    None
of the Company or the Subsidiaries is (i) in violation of its certificate of incorporation or bylaws (or similar organizational document), (ii) in
breach or violation of any statute, judgment, decree, order, rule or regulation applicable to it or any of its properties or assets, which breach or violation would, individually or in the aggregate,
have a Material Adverse Effect, or (iii) in default in (nor has any event
occurred which with notice or passage of time, or both, would constitute a default), has received any notice or claim of any such default or has knowledge of any breach of or in the performance or
observance of any obligation, agreement, covenant or condition contained in this Agreement, the Registration Rights Agreement, the Securities, the Indenture or any Transaction Document or any other
contract, indenture, mortgage, deed of trust, loan agreement, note, lease, license, franchise agreement, permit, certificate or agreement or instrument to which it is a party or to which it is
subject, which default or breach would, individually or in the aggregate, have a Material Adverse Effect. 

        (k)   The
execution, delivery and performance by the Issuers of this Agreement, the Registration Rights Agreement, the Securities, the Indenture and the Transaction Documents
and the consummation by the Issuers of the transactions contemplated hereby and thereby and by the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary
Memorandum) and the fulfillment of the terms hereof and thereof will not (i) violate, conflict with or constitute or result in a breach of or a default under (or an event that, with notice or
lapse of time, or both, would constitute a breach of or a default under) any of (A) the terms or provisions of any contract, indenture, mortgage, deed of trust, loan agreement, note, lease,
license, franchise agreement, permit, certificate or agreement or instrument to which any of the Company or the Subsidiaries is a party or to which any of their respective properties or assets are
subject, (B) the certificate of incorporation or bylaws (or other similar organizational documents) of any of the Company or the Subsidiaries or (C) (assuming compliance with all
applicable state securities or "Blue Sky" laws) any statute, judgment, decree, order, rule or regulation of any court or governmental agency or other body applicable to the Company or the Subsidiaries
or any of their respective properties or assets or (ii) result in the imposition of any lien upon or with respect to any of the properties or assets now owned or hereafter acquired by the
Company or any of the Subsidiaries, which violation, conflict, breach, default or lien would, individually or in the aggregate, have a Material Adverse Effect. 

        (l)    The
audited consolidated financial statements included in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum)
present fairly the consolidated financial position, results of operations and cash flows of such entities at the dates and for the periods to which they relate and have been prepared in accordance
with generally accepted accounting principles applied on a consistent basis; the interim unaudited consolidated financial statements included in the Final Memorandum (or, if the Final Memorandum is
not in existence, the most recent Preliminary Memorandum) present fairly the consolidated financial position, results of operations and cash flows of such entities at the dates and for the periods to
which they relate subject to year-end audit adjustments and have been 

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prepared
in accordance with generally accepted accounting principles applied on a consistent basis with the audited consolidated financial statements included therein; the summary and selected
financial and statistical data included in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum) present fairly the information shown therein
and have been prepared and compiled on a basis consistent with the audited financial statements included therein, except as otherwise stated therein; and (i) Ernst & Young LLP, which has
examined certain of such financial statements as set forth in its reports included in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum), is
an independent public accounting firm as required by the Securities Act and (ii) Arthur Andersen LLP, at the time of each respective audit of the consolidated financial statements of the
Company included in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum) was an independent public accounting firm as required by the
Securities Act. 

        (m)  The
pro forma financial statements and other pro forma financial information (including the notes thereto) included in the Final Memorandum (or, if the Final Memorandum
is not in existence, the most recent Preliminary Memorandum) (i) have been prepared in accordance with applicable requirements of Regulation S-X promulgated under the
Securities Exchange Act of 1934, as amended (together with the rules and regulations of the Commission promulgated thereunder, the "Exchange Act") and
(ii) have been properly computed on the bases described therein; and the assumptions used in the preparation of the pro forma financial statements and other pro forma financial information
included in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum) are reasonable and the adjustments used therein are appropriate to give
effect to the transactions or circumstances referred to therein. 

        (n)   Except
as described in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum), there is not pending or, to the
best knowledge of the Issuers, threatened any action, suit, proceeding, inquiry or investigation, governmental or otherwise, to which any of the Company or the Subsidiaries is a party, or to which
their respective properties or assets are subject, before or brought by any court, arbitrator or governmental agency or body, that, if determined adversely to the Company or any such Subsidiary would,
individually or in the aggregate, have a Material Adverse Effect or that seeks to restrain, enjoin, prevent the consummation of or otherwise challenge the Transactions or the issuance or sale of the
Securities to be sold hereunder or the application of the proceeds therefrom or the other transactions described in the Final Memorandum (or, if the Final Memorandum is not in existence, the most
recent Preliminary Memorandum). 

        (o)   None
of the Company or the Subsidiaries has, and, after giving effect to Transactions or the issuance and sale of the Securities and the application of the proceeds
therefrom, none of the Company or the Subsidiaries will have, any liability for any prohibited transaction (as defined in Section 406 of the Employee Retirement Income Security Act of 1974, as
amended ("ERISA"), or Section 4975 of the Internal Revenue Code of 1986, as amended ("Code")),
accumulated funding deficiency (as defined in Section 302 of ERISA) or any complete or partial withdrawal from a multiemployer plan (as defined in Section 4001(a)(3) of ERISA), with
respect to any plan (as defined in Section 3(3) of ERISA) as to which the Company or the Subsidiaries has or could have any direct or indirect, actual or contingent liability. With respect to
such plans, the Company and the Subsidiaries are, and, after giving effect to the Transactions and the issuance and sale of the Securities and the application of proceeds therefrom, will be, in
compliance in all material respects with all provisions of the Code and ERISA. 

        (p)   The
Company and the Subsidiaries own or possess adequate licenses or other rights to use all patents, trademarks, service marks, trade names, copyrights and
know-how that are 

6

 

necessary
to conduct their respective businesses as described in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum). None of the Company or
the Subsidiaries has received any notice of infringement of or conflict with (or knows of any such infringement of or conflict with) asserted rights of others with respect to any patents, trademarks,
service marks, trade names, copyrights or know-how that, if such assertion of infringement or conflict were sustained, would, individually or in the aggregate, have a Material Adverse
Effect. 

        (q)   Each
of the Company and the Subsidiaries possesses all licenses, permits, certificates, consents, orders, approvals and other authorizations from, and has made all
declarations and filings with, all federal, state, local and other governmental authorities, all self-regulatory organizations and all courts and other tribunals presently required or
necessary to own or lease, as the case may be, and to operate its respective properties and to carry on its respective businesses as now or proposed to be conducted as set forth in the Final
Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum) ("Permits"), except where the failure to obtain
such Permits would not, individually or in the aggregate, have a Material Adverse Effect; each of the Company and the Subsidiaries has fulfilled and performed all of its obligations with respect to
such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the
holder of any such Permit; and none of the Company or the Subsidiaries has received any notice of any proceeding relating to revocation or modification of any such Permit, except as described in the
Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum) and except where such revocation or modification would not, individually or in the aggregate,
have a Material Adverse Effect. 

        (r)   Subsequent
to the respective dates as of which information is given in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary
Memorandum) and except as described therein, (i) the Company and the Subsidiaries have not incurred any material liabilities or
obligations, direct or contingent, or entered into any material transactions, in either case whether or not in the ordinary course of business, (ii) the Company and the Subsidiaries have not
purchased any of their respective outstanding capital stock, or declared, paid or otherwise made any dividend or distribution of any kind on any of their respective capital stock or otherwise (other
than, with respect to any of such Subsidiaries, the purchase of, or dividend or distribution on, capital stock owned by the Company), (iii) there has not been any other change in the capital
stock or any change in the long-term indebtedness of the Company or any of the Subsidiaries, (iv) there has not occurred any material change, or any development involving a
prospective material change, in or affecting the general affairs, management, business, condition (financial or other), properties, prospects or results of operations of the Company and the
Subsidiaries, taken as a whole, not contemplated by the Final Memorandum and (v) the Company and the Subsidiaries have not sustained any material loss or interference with respect to their
respective businesses or properties from fire, flood, hurricane, earthquake, accident or other calamity, whether or not covered by insurance, or from any labor dispute or any legal or governmental
proceeding. 

        (s)   There
are no legal or governmental proceedings, nor are there any contracts or other documents required by the Securities Act to be described in a prospectus that are
not described in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum). Except as described in the Final Memorandum (or, if the Final
Memorandum is not in existence, the most recent Preliminary Memorandum), none of the Company or the Subsidiaries is in default under any of the contracts described in the Final Memorandum (or, if the
Final Memorandum is not in existence, the most recent Preliminary Memorandum), has received a notice or claim of any such default or has knowledge of any breach of such contracts by the other party or
parties thereto, except such defaults or breaches as would not, individually or in the aggregate, have a Material Adverse Effect. 

7

  

        (t)    None
of the Company or the Subsidiaries has taken or will take any action that would cause this Agreement or the issuance or sale of the Securities to violate
Regulation T, U or X of the Board of Governors of the Federal Reserve System, in each case as in effect, or as the same may hereafter be in effect, on the Closing Date. 

        (u)   Each
of the Company and the Subsidiaries has good and marketable title to all real property described in the Final Memorandum (or, if the Final Memorandum is not in
existence, the most recent Preliminary Memorandum) as being owned by it and good and marketable title to the leasehold estate in the real property described therein as being leased by it, free and
clear of all liens, charges, encumbrances or restrictions, except, in each case, as described in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary
Memorandum) or such as would not, individually or in the aggregate, have a Material Adverse Effect. All leases, contracts and agreements, including those referred to in the Final Memorandum (or, if
the Final Memorandum is not in existence, the most recent Preliminary Memorandum) to which the Company or any of the Subsidiaries is a party or by which any of them is bound are valid and enforceable
against the Company or any such Subsidiary, are, to the knowledge of the Issuers, valid and enforceable against the other party or parties thereto and are in full force and effect. 

        (v)   Each
of the Company and the Subsidiaries has filed all necessary federal, state and foreign income and franchise tax returns, except where the failure to so file such
returns would not, individually or in the aggregate, have a Material Adverse Effect, and have paid all taxes shown as due thereon; and other than tax deficiencies which the Company or any Subsidiary
is contesting in good faith and for which adequate reserves have been provided in accordance with generally accepted accounting principles, there is no tax deficiency that has been asserted against
the Company or any Subsidiary that would, individually or in the aggregate, have a Material Adverse Effect. 

        (w)  (i) Immediately
after the consummation of the Transactions and the other transactions contemplated by this Agreement, the other Basic Documents and the
Transaction Documents, the fair value and present fair saleable value of the assets of each of the Company and the Subsidiaries will exceed the sum of its probable liabilities and identified
contingent liabilities; and (ii) each of the Company and the Subsidiaries is not, nor will it be, after giving effect to the execution, delivery and performance of this Agreement, the other
Basic Documents and the Transaction Documents, and the consummation of the Transactions and the other transactions contemplated hereby and thereby, (A) left with unreasonably small capital with
which to carry on its business as it is proposed to be conducted, (B) unable to pay its debts (contingent or otherwise) as they mature or (C) otherwise insolvent. 

        (x)   Except
as disclosed in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum) and except as would not,
individually or in the aggregate, have a Material Adverse Effect, (i) each of the Company and the Subsidiaries is in compliance with all, and is not subject to liability (including, without
limitation, fines or penalties) under any, applicable Environmental Laws, (ii) each of the Company and the Subsidiaries has made all filings and provided all notices required under any
applicable Environmental Law, and has all permits, authorizations and approvals required under any applicable Environmental Laws and is in compliance with their requirements, (iii) there is no
civil, criminal or administrative action, suit, demand, claim, hearing, notice of violation, investigation, proceeding, notice or demand letter or request for information pending or, to the best
knowledge of the Issuers, threatened against the Company or any of the Subsidiaries under any Environmental Law (as defined below), (iv) no lien, charge, encumbrance or restriction has been
recorded under any Environmental Law with respect to any assets, facility or property owned, operated, leased or controlled by the Company or any of the Subsidiaries, (v) neither the Company
nor any of the 

8

 

Subsidiaries
is subject to any order, decree or agreement requiring, or otherwise obligated or required to perform any response or corrective action relating to any hazardous material,
(vi) neither the Company nor any of the Subsidiaries has received notice that it has been identified as a potentially responsible party under the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, as amended ("CERCLA") or any comparable state law, (vii) no property or facility of the Company or any of
the Subsidiaries is (A) listed or proposed for listing on the National Priorities List under CERCLA or (B) listed in the Comprehensive Environmental Response, Compensation, Liability
Information System List promulgated pursuant to CERCLA, or on any comparable list maintained by any state or local governmental authority and (viii) there are no past or present actions,
events, operations or activities which could reasonably be expected to prevent or interfere with compliance by the Company or any Subsidiary with any applicable Environmental Law or to result in
liability (including, without limitation, fines or penalties) under any applicable Environmental Law. 

        For
purposes of this Agreement, the following terms shall have the following meanings: "Environmental Law" means any federal, state, local
or municipal statute, law, rule, regulation, ordinance, code, policy or rule of common law and any judicial or administrative interpretation thereof, including any judicial or administrative order,
consent decree or judgment binding on any of the Company or the Subsidiaries, relating to pollution or protection of the environment, natural resources or health or safety including, without
limitation, any relating to the release or threatened release of any pollutant, contaminated substance, material, waste, chemical or contaminant subject to regulation thereunder. 

        (y)   None
of the Company or the Subsidiaries is, or immediately after the Closing Date will be, required to register as an "investment company" or a company "controlled by"
an "investment company" within the meaning of the Investment Company Act of 1940, as amended (the "Investment Company Act"). 

        (z)   None
of the Company or the Subsidiaries or any of such entities' directors, officers, employees, agents or controlling persons has taken, directly or indirectly, any
action designed, or that might reasonably be expected, to cause or result, under the Securities Act or otherwise, in, or that has constituted, stabilization or manipulation of the price of the
Securities. 

        (aa) None
of the Company, the Subsidiaries or any of their respective Affiliates (as defined in Rule 501(b) of Regulation D under the Securities Act) directly,
or through any agent, (i) sold, offered for sale, solicited offers to buy or otherwise negotiated in respect of any "security" (as defined in the Securities Act) which is or could be integrated
with the sale of the Securities in a manner that would require the registration under the Securities Act of the Securities or (ii) engaged in any form of general solicitation or general
advertising (as those terms are used in Regulation D under the Securities Act) in connection with the offering of the Securities or in any manner involving a public offering within the meaning
of Section 4(2) of the Securities Act. Assuming the accuracy of the representations and warranties of the Initial Purchaser in Section 9 hereof, it is not necessary in connection with
the offer, sale and delivery of the Securities to the Initial Purchaser in the manner contemplated by this Agreement to register any of the Securities under the Securities Act or to qualify the
Indenture under the Trust Indenture Act. 

        (bb) No
securities of any Issuer are of the same class (within the meaning of Rule 144A under the Securities Act) as the Securities and listed on a national
securities exchange registered under Section 6 of the Exchange Act, or quoted in a U.S. automated inter-dealer quotation system. 

        (cc) Except
as set forth in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum), there is no strike, labor
dispute, slowdown or work stoppage with the employees of the Company or any of the Subsidiaries which is pending or, to the best knowledge of the Company or any of the Subsidiaries, threatened. 

9

 

        (dd) Each
of the Company and the Subsidiaries carries insurance (including self-insurance) in such amounts and covering such risks as in its reasonable
determination is adequate for the conduct of its business and the value of its properties. 

        (ee) Each
of the Company and the Subsidiaries (i) makes and keeps accurate books and records and (ii) maintains internal accounting controls which provide
reasonable assurance that (A) transactions are executed in accordance with management's authorization, (B) transactions are recorded as necessary to permit preparation of its financial
statements and to maintain accountability for its assets, (C) access to its assets is permitted only in accordance with management's authorization and (D) the reported accountability for
its assets is compared with existing assets at reasonable intervals. 

        (ff)  No
holder of securities of the Company or any Subsidiary will be entitled to have such securities registered under the registration statements required to be filed by
the Company pursuant to the Registration Rights Agreement other than as expressly permitted thereby. 

        (gg) The
statistical and market and industry-related data included in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary
Memorandum) are based on or derived from sources which the Issuers believe to be reliable and accurate or represent the Issuers' good faith estimates that are made on the basis of data derived from
such sources. 

        (hh) Neither
the Company nor any of its affiliates does business with the government of Cuba or with any person or affiliate located in Cuba within the meaning of
Section 517.075, Florida Statutes. 

        (ii)   Except
as stated in the Final Memorandum (or, if the Final Memorandum is not in existence, the most recent Preliminary Memorandum), the Issuers do not know of any
claims for services, either in the nature of a finder's fee or financial advisory fee, with respect to the offering of the Securities and the transactions contemplated by the Final Memorandum. 

        (jj)   None
of the Company, the Subsidiaries, any of their respective Affiliates or any person acting on its or their behalf (other than the Initial Purchaser) has engaged in
any directed selling efforts (as that term is defined in Regulation S) with respect to the Securities and the Company, the Subsidiaries and their respective Affiliates and any person acting on
its or their behalf (other than the Initial Purchaser) have acted in accordance with the offering restrictions requirement of Regulation S. 

        Any
certificate signed by any officer of the Company or any Subsidiary and delivered to the Initial Purchaser or to counsel for the Initial Purchaser shall be deemed a joint and several
representation and warranty by the Issuers to the Initial Purchaser as to the matters covered thereby. 

        3.    Purchase, Sale and Delivery of the Securities.    On the basis of the representations, warranties, agreements
and covenants herein contained and subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the Initial Purchaser, and the Initial Purchaser agrees to purchase
from the Company, the Notes, at 97.25% of their principal amount. 

        One
or more certificates in definitive form for the Notes and the related Guarantees that the Initial Purchaser has agreed to purchase hereunder, and in such denomination or
denominations and registered in such name or names as the Initial Purchaser requests upon notice to the Company at least 48 hours prior to the Closing Date shall be delivered by or on behalf of
the Company, against payment by or on behalf of the Initial Purchaser, of the purchase price therefor by wire transfer of immediately available funds to the account of the Company previously
designated by it in writing. Such delivery of and payment for the Notes and the related Guarantees shall be made at the offices of Cahill Gordon & Reindel LLP, 80 Pine Street, New York, New
York 10005, at 9:00 A.M., New York time, on 

10

 

February 18,
2004, or at such date as the Initial Purchaser and the Company may agree upon, such time and date of delivery against payment being herein referred to as the
"Closing Date." The Company will make such certificate or certificates for the Notes and the related Guarantees available for checking and packaging by
the Initial Purchaser at the offices in New York, New York of CIBC World Markets Corp. at least 24 hours prior to the Closing Date. 

        4.    Offering by the Initial Purchaser.    The Initial Purchaser proposes to make an offering of the Securities at
the price and upon the terms set forth in the Final Memorandum as soon as practicable after this Agreement is entered into and as in the judgment of the Initial Purchaser is advisable. 

        5.    Certain Covenants.    The Issuers jointly and severally covenant and agree with the Initial Purchaser that: 

          (i)  The
Issuers will not amend or supplement the Final Memorandum or any amendment or supplement thereto of which the Initial Purchaser shall not have been advised and
furnished a copy for a reasonable period of time prior to the proposed amendment or supplement and as to which the Initial Purchaser shall not have given its consent (which consent shall not be
unreasonably withheld). The Issuers will promptly, upon the reasonable request of the Initial Purchaser or counsel for the Initial Purchaser, make any amendments or supplements to the Preliminary
Memorandum or the Final Memorandum that may be necessary in connection with the resale of the Securities by the Initial Purchaser. 

         (ii)  The
Issuers will cooperate with the Initial Purchaser in arranging for the qualification of the Securities for offering and sale under the securities or "Blue Sky" laws
of such jurisdictions as the Initial Purchaser may designate and will continue such qualifications in effect for as long as may be necessary to complete the resale of the Securities by the Initial
Purchaser; provided, however, that in connection therewith none of the Issuers shall be required to
qualify as a foreign corporation or to execute a general consent to service of process in any jurisdiction or to take any other action that would subject it to general service of process or to
taxation in excess of a nominal amount in respect of doing business in any jurisdiction in which it is not otherwise subject. 

        (iii)  If,
at any time prior to the completion of the resale by the Initial Purchaser of the Notes or the Private Exchange Notes, any event shall occur as a result of which
it is necessary, in the opinion of counsel for the Initial Purchaser, to amend or supplement the Final Memorandum in order to make such Final Memorandum not misleading in the light of the
circumstances existing at the time it is delivered to a purchaser, or if for any other reason it shall be necessary to amend or supplement the Final Memorandum in order to comply with applicable laws,
rules or regulations, the Issuers shall (subject to Section 5(i)) forthwith amend or supplement such Final Memorandum at its own expense so that, as so amended or supplemented, such Final
Memorandum will not include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the
time it is delivered to a purchaser, not misleading and will comply with all applicable laws, rules or regulations. 

        (iv)  The
Issuers will, without charge, provide to the Initial Purchaser and to counsel for the Initial Purchaser as many copies of each Preliminary Memorandum or Final
Memorandum or any amendment or supplement thereto as the Initial Purchaser may reasonably request. 

         (v)  None
of the Issuers or any of their respective Affiliates will sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any "security" (as
defined in the Securities Act) which could be integrated with the sale of the Securities in a manner which would require the registration under the Securities Act of the Securities. 

        (vi)  For
so long as any of the Securities remain outstanding, the Company will furnish to the Initial Purchaser (a) as soon as available, a copy of each report or
other communication (financial or otherwise) of the Company mailed to the Trustee or holders of the Securities or stockholders or 

11

 

filed
with the Commission or any national securities exchange on which any class of securities of the Company may be listed, and (b) from time to time such other information concerning the
Issuers as the Initial Purchaser may reasonably request. 

       (vii)  The
Company will apply the net proceeds from the sale of the Securities as set forth under "Use of Proceeds" in the Final Memorandum. 

      (viii)  Prior
to the Closing Date, the Company will furnish to the Initial Purchaser, as soon as they have been prepared by or are available to the Company, a copy of any
unaudited interim consolidated financial statements of the Company and the Subsidiaries, for any period subsequent to the period covered by the most recent financial statements appearing in the Final
Memorandum. 

        (ix)  The
Company will not, and will not permit any of the Subsidiaries to, engage in any form of general solicitation or general advertising (as those terms are used in
Regulation D under the Securities Act) in connection with the offering of the Securities or in any manner involving a public offering within the meaning of Section 4(2) of the Securities
Act. 

         (x)  For
so long as any of the Securities remain outstanding, the Company will make available at its expense, upon request, to any holder of Securities and any prospective
purchasers thereof the information specified in Rule 144A(d)(4) under the Securities Act, unless the Company is then subject to Section 13 or 15(d) of the Exchange Act. 

        (xi)  The
Issuers will use their best efforts to (i) permit the Securities to be designated PORTAL securities in accordance with the rules and regulations adopted by
the National Association of Securities Dealers, Inc. (the "NASD") relating to trading in the Private Offerings, Resales and Trading through
Automated Linkages market (the "Portal Market") and (ii) permit the Securities to be eligible for clearance and settlement through The Depository
Trust Company. 

       (xii)  In
connection with Securities offered and sold in an offshore transaction (as defined in Regulation S), the Issuers will not register any transfer of such
Securities not made in accordance with the provisions of Regulation S and will not, except in accordance with the provisions of Regulation S, if applicable, issue any such Securities in
the form of definitive securities. 

      (xiii)  If
this Agreement shall terminate or shall be terminated after execution pursuant to any provision hereof (other than by reason of a default or omission by the
Initial Purchaser of its obligations hereunder) or if this Agreement shall be terminated by the Initial Purchaser because of any failure or refusal on the part of the Issuers to comply with the terms
or fulfill any of the conditions of this Agreement, the Company agrees to reimburse the Initial Purchaser for all reasonable out-of-pocket expenses (including fees and expenses
of counsel for the Initial Purchaser) incurred by the Initial Purchaser in connection herewith, but in no event will the Company be liable to the Initial Purchaser for damages on account of loss of
anticipated profits from the sale of the Securities. 

      (xiv)  The
Issuers will not become, at any time prior to the expiration of three years after the Closing Date, an open-end investment company, unit investment
trust, closed-end investment company or face-amount certificate company that is or is required to be registered under Section 8 of the Investment Company Act. 

       (xv)  During
the period of three years after the Closing Date, the Company will not, and will not permit any of its "affiliates" (as defined in Rule 144 under the
Securities Act) to, resell any of the Securities which constitute "restricted securities" under Rule 144 that have been reacquired by any of them. 

      (xvi)  The
Issuers will use their best efforts to do and perform all things required to be done and performed by them under this Agreement and the other Basic Documents prior
to or after the 

12

 

Closing
Date and to satisfy all conditions precedent on their part to the obligations of the Initial Purchaser to purchase and accept delivery of the Securities. 

        6.    Expenses.    Notwithstanding any termination of this Agreement (pursuant to Section 11 or otherwise), the
Issuers jointly and severally agree to pay the following costs and expenses and all other costs and expenses incident to the performance by the Issuers of their obligations hereunder: (i) the
printing, typing, reproduction, execution and delivery of this Agreement and of the other Basic Documents, any amendment or supplement to or modification of any of the foregoing and any and all other
documents furnished pursuant hereto or thereto or in connection herewith or therewith; (ii) the printing or reproduction of each Preliminary Memorandum, the Final Memorandum and each amendment
or supplement to any of them; (iii) the printing (or reproduction) and delivery (including postage, air freight charges and charges for counting and packaging) of such copies of each
Preliminary Memorandum, the Final Memorandum and all amendments or supplements to any of them as may be reasonably requested for use in connection with the offering and sale of the Securities;
(iv) the printing, authentication, issuance and delivery of certificates for the Notes and the related Guarantees, including any stamp taxes in connection with the original issuance and sale of
the Securities and trustees' fees; (v) the reproduction and delivery of this Agreement and the other Basic Documents, the preliminary and supplemental "Blue Sky" memoranda and all other
agreements or documents reproduced and delivered in connection with the offering of the Securities; (vi) the registration or qualification of the Securities for offer and sale under the
securities or Blue Sky laws of the several states (including filing fees and the fees, expenses and disbursements of Cahill Gordon & Reindel LLP, counsel to the Initial Purchaser, relating to
such registration and qualification); (vii) the transportation and other expenses incurred by or on behalf of Company employees in connection with presentations to prospective purchasers of the
Securities; (viii) the fees and expenses of the Company's accountants and the fees and expenses of counsel (including local and special counsel) retained by the Issuers; (ix) fees and
expenses of the Trustee including fees and expenses of its counsel; (x) all expenses and listing fees incurred in connection with the application for quotation of the Securities on the PORTAL
Market; and (xi) any fees charged by investment rating agencies for the rating of the Securities. 

        7.    Conditions of the Initial Purchaser's Obligations.    The obligation of the Initial Purchaser to purchase and
pay for the Securities is subject to the accuracy of the representations and warranties contained herein, to the performance by the Issuers of their respective covenants and agreements hereunder and
to the following additional conditions unless waived in writing by the Initial Purchaser: 

          (i)  The
Initial Purchaser shall have received an opinion of counsel to the Issuers in form and substance satisfactory to the Initial Purchaser and Cahill Gordon &
Reindel LLP, counsel to the Initial Purchaser, dated the Closing Date, of Kaplan, Strangis and Kaplan P.A., substantially in the form of  Exhibit B hereto. In rendering such opinion, Kaplan,
Strangis and Kaplan P.A. shall have received and may rely upon such certificates and other
documents and information, including one or more opinions of local counsel reasonably acceptable to the Initial Purchaser and Cahill Gordon & Reindel LLP, counsel to the Initial Purchaser, as
they may reasonably request to pass upon such matters. 

         (ii)  The
Initial Purchaser shall have received an opinion, dated the Closing Date, of Cahill Gordon & Reindel LLP, counsel to the Initial Purchaser, with respect to
the sufficiency of certain legal matters relating to this Agreement and such other related matters as the Initial Purchaser may require. In rendering such opinion, Cahill Gordon & Reindel LLP
shall have received and may rely upon such certificates and other documents and information as they may reasonably request to pass upon such matters. In addition, in rendering their opinion, Cahill
Gordon & Reindel LLP may state that their opinion is limited to matters of New York, Delaware corporate and federal law. 

13

 

        (iii)  The
Initial Purchaser shall have received (a) from Ernst & Young LLP, independent public accountants for the Issuers, "comfort" letters dated the date
hereof and the Closing Date and (b) from the Chief Financial Officer and Comptroller of the Company, a letter, dated the date hereof, relating to the financial statements and other financial
information contained in the Final Memorandum previously audited by Arthur Andersen LLP, addressed to the Initial Purchaser and in form and substance reasonably satisfactory to the Initial Purchaser
and Cahill Gordon & Reindel LLP, counsel to the Initial Purchaser. 

        (iv)  The
representations and warranties of the Issuers contained in this Agreement shall be true and correct on and as of the Closing Date; the Issuers shall have complied
in all material respects with all agreements and satisfied all conditions on their part to be performed or satisfied hereunder at or prior to the Closing Date. 

         (v)  There
shall not have been any change in the capital stock of the Company or the Subsidiaries or any material increase in the consolidated short-term or
long-term debt of the Company from that set forth or contemplated in the Final Memorandum and the Company and the Subsidiaries shall not have any liabilities or obligations, contingent or
otherwise (whether or not in the ordinary course of business), that are material to the Company and the Subsidiaries, taken as a whole, other than those reflected in the Final Memorandum. 

        (vi)  None
of the issuance and sale of the Securities pursuant to this Agreement or any of the transactions contemplated by any of the other Basic Documents or the
Transaction Documents shall be enjoined (temporarily or permanently) and no restraining order or other injunctive order shall have been issued; and there shall not have been any legal action, order,
decree or other administrative proceeding instituted or threatened against any of the Issuers or against the Initial Purchaser relating to the issuance of the Securities or the Initial Purchaser's
activities in connection therewith or any other transactions contemplated by this Agreement or the Final Memorandum, the other Basic Documents or the Transaction Documents. 

       (vii)  Subsequent
to the date of this Agreement and since the date of the most recent financial statements in the Final Memorandum (exclusive of any amendment or supplement
thereto after the date hereof), there shall not have occurred (i) any change, or any development involving a prospective change, in or affecting the general affairs, management, business,
condition (financial or other), properties, prospects or results of operations of the Company and the Subsidiaries, taken as a whole, not contemplated by the Final Memorandum that, in the opinion of
the Initial Purchaser, would materially adversely affect the market for the Securities, or (ii) any event or development relating to or involving any of the Company or the Subsidiaries or any
of the officers or directors of the Company or the Subsidiaries that makes any statement made in the Final Memorandum untrue or that, in the opinion of the Issuers and their counsel or the Initial
Purchaser and its counsel, requires the making of any addition to or change in the Final Memorandum in order to state a material fact required by any applicable law, rule or regulation to be stated
therein or necessary in order to make the statements made therein not misleading. 

      (viii)  The
Initial Purchaser shall have received certificates, dated the Closing Date and signed by the chief executive officer and the chief financial officer of the
Company, to the effect that: 

        a.     All
of the representations and warranties of the Issuers set forth in this Agreement are true and correct as if made on and as of the Closing Date and the Issuers have
complied in all material respects with all agreements and satisfied all conditions on their part to be performed or satisfied at or prior to the Closing Date. 

14

  

        b.     The
issuance and sale of the Securities pursuant to this Agreement or the Final Memorandum and the consummation of the transactions contemplated by the Transaction
Documents have not been enjoined (temporarily or permanently) and no restraining order or other injunctive order has been issued and there has not been any legal action, order, decree or other
administrative proceeding instituted or threatened against any of the Issuers relating to the issuance of the Securities or the Initial Purchaser's activities in connection therewith or in connection
with any other transactions contemplated by this Agreement or the Final Memorandum, the other Basic Documents or the Transaction Documents. 

        c.     Subsequent
to the date of this Agreement and since the date of the most recent financial statements in the Final Memorandum (exclusive of any amendment or supplement
thereto after the date hereof), there has not occurred (i) any change, or any development involving a prospective change, in or affecting the general affairs, management, business, condition
(financial or other), properties, prospects or results of operations of the Company and the Subsidiaries, taken as a whole, not contemplated by the Final Memorandum, or (ii) any event or
development relating to or involving any of the Company or the Subsidiaries or any of the respective officers or directors of the Company or the Subsidiaries that makes any statement made in the Final
Memorandum untrue or that requires the making of any addition to or change in the Final Memorandum in order to state a material fact required by any applicable law, rule or regulation to be stated
therein or necessary in order to make the statements made therein not misleading. 

        d.     There
has not been any change in the capital stock of the Company or the Subsidiaries nor any material increase in the consolidated short-term or
long-term debt of the Company from that set forth or contemplated in the Final Memorandum and the Company and the Subsidiaries have no liabilities or obligations, contingent or otherwise
(whether or not in the ordinary course of business), that are material to the Company and the Subsidiaries, taken as a whole, other than those reflected in the Final Memorandum. 

        e.     At
the Closing Date and after giving effect to the consummation of the transactions contemplated by this Agreement, the other Basic Documents and the Transaction
Documents, there exists no Default or Event of Default (as defined in the Indenture). 

        (ix)  Each
of the Transaction Documents and each other agreement or instrument executed in connection with the Transactions shall be reasonably satisfactory in form and
substance to the Initial Purchaser and shall have been executed and delivered by all the respective parties thereto and shall be in full force and effect, and there shall have been no material
amendments, alterations, modifications or waivers of any provision thereof since the date of this Agreement. 

         (x)  All
proceedings taken in connection with the issuance of the Securities and the transactions contemplated by this Agreement, the other Basic Documents and the
Transaction Documents and all documents and papers relating thereto shall be reasonably satisfactory to the Initial Purchaser and counsel to the Initial Purchaser. The Initial Purchaser and counsel to
the Initial Purchaser shall have received copies of such papers and documents as they may reasonably request in connection therewith, all in form and substance reasonably satisfactory to them. 

        (xi)  The
Company shall apply the proceeds necessary from the issuance and sale of the Notes as described under "Use of Proceeds" in the Final Memorandum. 

       (xii)  There
shall not have been any announcement by any "nationally recognized statistical rating organization," as defined for purposes of Rule 436(g) under the
Securities Act, that (A) it is downgrading its rating assigned to any debt securities of the Company, or (B) it is reviewing its rating assigned to any debt securities of the Company
with a view to possible downgrading, or with negative implications, or direction not determined. 

15

 

      (xiii)  On
or before the Closing Date, the Initial Purchaser shall have received the Registration Rights Agreement executed by the Issuers and such agreement shall be in full
force and effect at all times from and after the Closing Date. 

      (xiv)  On
or before the Closing Date, the Indenture shall be executed by the Issuers and the Trustee and such agreement shall be in full force and effect at all times from
and after the Closing Date. 

       (xv)  The
Issuers shall have furnished or caused to be furnished to the Initial Purchaser such further certificates and documents as the Initial Purchaser shall have
reasonably requested. 

        All
such opinions, certificates, letters, schedules, documents or instruments delivered pursuant to this Agreement will comply with the provisions hereof only if they are reasonably
satisfactory in all material respects to the Initial Purchaser and counsel to the Initial Purchaser. The Issuers shall furnish to the Initial Purchaser such conformed copies of such opinions,
certificates, letters, schedules, documents and instruments in such quantities as the Initial Purchaser shall reasonably request. 

        8.    Indemnification and Contribution.    (a) Each Issuer jointly and severally agrees to indemnify and hold
harmless the Initial Purchaser, each director, officer, employee or agent of the Initial Purchaser and
each person, if any, who controls the Initial Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, against any losses, claims, damages,
liabilities or expenses to which the Initial Purchaser or such director, officer, employee, agent or controlling person may become subject under the Securities Act, the Exchange Act or otherwise,
insofar as any such losses, claims, damages, liabilities or expenses (or actions in respect thereof) arise out of or are based upon: 

          (i)  any
untrue statement or alleged untrue statement of any material fact contained in (A) any Preliminary Memorandum or the Final Memorandum or any amendment or
supplement thereto or (B) any of the Basic Documents or any application or other document, or any amendment or supplement thereto, executed by any Issuer or based upon written information
furnished by or on behalf of any Issuer filed in any jurisdiction in order to qualify the Securities under the securities or "Blue Sky" laws thereof or filed with the Commission or any securities
association or securities exchange (collectively, the "Documents"); or 

         (ii)  the
omission or alleged omission to state, in any Preliminary Memorandum or the Final Memorandum or any amendment or supplement thereto, or any of the Documents, a
material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and will reimburse, as incurred, the
Initial Purchaser and each such director, officer, employee, agent or controlling person for any legal or other expenses reasonably incurred by the Initial Purchaser or such director, officer,
employee, agent or controlling person in connection with investigating, defending against or appearing as a third-party witness in connection with any such loss, claim, damage, liability, expense or
action; provided, however, that none of the Issuers will be liable under this paragraph (a) to
the extent that any such loss, claim, damages, liability expense or action arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in any
of the documents referred to in this paragraph (a), in reliance upon and in conformity with written information furnished to the Issuers by or on behalf of the Initial Purchaser specifically
for use therein; and provided, further, that none of the Issuers will be liable under this
paragraph (a) with respect to any such untrue statement or omission made in any Preliminary Memorandum that is corrected in the Final Memorandum (or any amendment or supplement thereto) if the
person asserting any such loss, claim, damage, expense or liability purchased Securities from the Initial Purchaser in reliance upon the Preliminary Memorandum but was not sent or given a copy of the
Final Memorandum (as amended or supplemented) that was made available by the Issuers to the Initial Purchaser at or prior to the written confirmation of the 

16

 

sale
of the Securities to such person unless such failure to deliver such Final Memorandum (as amended or supplemented) was a result of noncompliance by the Issuers with Section 5(iv) of
this Agreement. This indemnity agreement will be in addition to any liability that the Issuers may otherwise have to the indemnified parties. The Issuers further agree that the indemnification,
contribution and reimbursement commitments set forth in this Section 8 shall apply whether or not the Initial Purchaser is a formal party to any such lawsuits, claims or other proceedings. None
of the Issuers will, without the prior written consent of the Initial Purchaser, settle or compromise or consent to the entry of any judgment in any pending or threatened claim, action, suit or
proceeding in respect of which indemnification by the Initial Purchaser may be sought hereunder (whether or not the Initial Purchaser or any person who controls the Initial Purchaser within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act is a party to such claim, action, suit or proceeding), unless such settlement, compromise or consent
(i) includes an unconditional release of the Initial Purchaser and each such director, officer, employee, agent or controlling person from all liability arising out of such claim, action, suit
or proceeding and (ii) does not include a statement as to, or an admission of, fault, culpability or a failure to act, by or on behalf of the Initial Purchaser or any such director, officer,
employee, agent or controlling person. 

        (b)   The
Initial Purchaser will indemnify and hold harmless the Issuers, each of their respective directors, officers, employees and agents and each person, if any, who
controls any of the Issuers within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, against any losses, claims, damages, liabilities or expenses to
which any of the Issuers or any such director, officer, employee, agent or controlling person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses,
claims, damages, liabilities or expenses (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement or omission or alleged omission of any material
fact contained in any Preliminary Memorandum or the Final Memorandum or any amendment or supplement thereto or any Document, in each case to the extent, but only to the extent, that such untrue
statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to any of the Issuers by or on behalf of the
Initial Purchaser specifically for use therein; and will reimburse, as incurred, the Issuers and each such director, officer, employee, agent or controlling person for any legal or other expenses
reasonably incurred by any of the Issuers or any such director, officer, employee, agent or controlling person in connection with investigating or defending against or appearing as a third-party
witness in connection with any such loss, claim, damage, liability, expense or action in respect thereof. This indemnity agreement will be in addition to any liability that the Initial Purchaser may
otherwise have to the indemnified parties. The Initial Purchaser further agrees that the indemnification, contribution and reimbursement commitments set forth in this Section 8 shall apply
whether or not any of the Issuers is a formal party to any such lawsuits, claims or other proceedings. The Initial Purchaser will not, without the prior written consent of each of the Issuers, settle
or compromise or consent to the entry of any judgment in any pending or threatened claim, action, suit or proceeding in respect of which indemnification by any of the Issuers may be sought hereunder
(whether or not any of the Issuers or any person who controls any of the Issuers within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act is a party to
such claim, action, suit or proceeding), unless such settlement, compromise or consent (i) includes an unconditional release of each of the Issuers and each of their respective directors,
officers, employees, agents or controlling persons from all liability arising out of such claim, action, suit or proceeding and (ii) does not include a statement as to, or an admission of,
fault, culpability or a failure to act, by or on behalf of each of the Issuers or each of their respective directors, officers, employees, agents or controlling persons. 

        (c)   Promptly
after receipt by an indemnified party under this Section 8 of notice of the commencement of any action, such indemnified party will, if a claim in
respect thereof is to be made against the indemnifying party under this Section 8, notify the indemnifying party of the 

17

 

commencement
thereof; but the omission so to notify the indemnifying party will not relieve it from any liability that it may have to any indemnified party under Section 8(a) or
(b) except to the extent that the indemnifying party has been prejudiced materially by such failure. In case any such action is brought against any indemnified party, and such indemnified party
notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish, jointly with any other indemnifying
party similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party; provided,  however, that if the
named parties in any such action (including any impleaded parties) include both the indemnified party and the indemnifying party
and the indemnified party shall have been advised in writing by counsel that there may be one or more legal defenses available to it that are different from or additional to those available to any
such indemnifying party, then the indemnifying parties shall not have the right to direct the defense of such action on behalf of such indemnified party or parties and such indemnified party or
parties shall have the right to select separate counsel to defend such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its
election so to assume the defense thereof and approval by such indemnified party of counsel appointed to defend such action, the indemnifying party will not be liable to such indemnified party under
this Section 8 for any legal or other expenses, other than reasonable out-of-pocket costs of investigation, incurred by such indemnified party in connection with the
defense thereof, unless (i) the indemnified party shall have employed separate counsel in accordance with the proviso to the immediately preceding sentence (it being understood, however, that
in connection with such action the indemnifying party shall not be liable for the expenses of more than one separate counsel (in addition to local counsel) in any one action or separate but
substantially similar actions in the same jurisdiction arising out of the same general allegations or circumstances, representing the indemnified parties under such paragraph (a) or
paragraph (b), as the case may be, who are parties to such action or actions); (ii) the indemnifying party has authorized in writing the employment of counsel for the indemnified party
at the expense of the indemnifying parties; or (iii) the indemnifying party shall have failed to assume the defense or retain counsel reasonably satisfactory to the indemnified party. No
indemnifying party shall be liable for the costs and expenses of any settlement of any such claim or action effected without its written consent, but if settled with the written consent of such
indemnifying party, such indemnifying party agrees to indemnify and hold harmless the indemnified party from and against any loss or liability by reason of such settlement. Notwithstanding the
foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by the third
sentence of this paragraph, then the indemnifying party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is
entered into more than 60 days after receipt by such indemnifying party of the aforesaid request, (ii) such indemnifying party shall not have reimbursed the indemnified party in
accordance with such request prior to the date of such settlement and (iii) such indemnified party shall have given the indemnifying party at least 30 days' prior notice of its intention
to settle. 

        (d)   In
circumstances in which the indemnity agreement provided for in the preceding paragraphs of this Section 8 is unavailable or insufficient to hold harmless an
indemnified party in respect of any losses, claims, damages, expenses or liabilities (or actions in respect thereof), each indemnifying party, in order to provide for just and equitable contribution,
shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages, expenses or liabilities (or actions in respect thereof) in such proportion as is
appropriate to reflect (i) the relative benefits received by the indemnifying party or parties on the one hand and the indemnified party on the other from the offering of the Securities or
(ii) if the allocation provided by the foregoing clause (i) is not permitted by applicable law, not only such relative benefits but also the relative fault of the indemnifying party or
parties on the one hand and the indemnified party on the other in connection with the statements or omissions or alleged statements or omissions that resulted in such losses, claims, damages, expenses
or 

18

 

liabilities
(or actions in respect thereof). The relative benefits received by the Issuers on the one hand and the Initial Purchaser on the other shall be deemed to be in the same proportion as the
total proceeds from the offering of the Securities (before deducting expenses) received by the Issuers bear to the total discounts and commissions received by the Initial Purchaser. The relative fault
of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Issuers on the one hand or the Initial Purchaser on the other, the parties' relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission, and any other equitable considerations appropriate in the circumstances. The amount paid or payable by a party as a result of the losses, claims, damages and
liabilities referred to above shall be deemed to include any legal or other fees or expenses incurred by such party in connection with investigating or defending any such claim. The Issuers and the
Initial Purchaser agree that it would not be equitable if the amount of such contribution were determined by pro rata or per capita allocation (even if the Issuers on the one hand and the Initial
Purchaser on the other hand were treated as one entity for such purpose) or by any other method of allocation that does not take into account the equitable considerations referred to in the first
sentence of this paragraph (d). Notwithstanding any other provision of this paragraph (d), the Initial Purchaser shall not be obligated to make contributions hereunder that in the
aggregate exceed the total discounts and commissions received by the Initial Purchaser under this Agreement, less the aggregate amount of any damages that the Initial Purchaser has otherwise been
required to pay by reason of the untrue or alleged untrue statements, and no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this paragraph (d), each director, officer, employee or agent of and each
person, if any, who controls the Initial Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act shall have the same rights to contribution as
the Initial Purchaser, and each director, officer, employee and agent of any of the Issuers and each person, if any, who controls any of the Issuers within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act shall have the same rights to contribution as the Issuers. 

        (e)   Notwithstanding
anything to the contrary in this Section 8, the indemnification and contribution provisions of the Registration Rights Agreement shall govern any
claim with respect thereto. 

        9.    Offering of Securities; Restrictions on Transfer.    (a) The Initial Purchaser represents and warrants
that it is a QIB. The Initial Purchaser agrees with the Issuers that (i) it has not and will not solicit offers for, or offer or sell, the Securities by any form of general solicitation or
general advertising (as those terms are used in Regulation D under the Securities Act) or in any manner involving a public offering within the meaning of Section 4(2) of the Securities
Act; and (ii) it has and will solicit offers for the Securities only from, and will offer the Securities only to, (A) in the case of offers inside the United States (x) persons
whom the Initial Purchaser reasonably believes to be QIBs or, if any such person is buying for one or more institutional accounts for which such person is acting as fiduciary or agent, only when such
person has represented to the Initial Purchaser that each such account is a QIB, to whom notice has been given that such sale or delivery is being made in reliance on Rule 144A and, in each
case, in transactions under Rule 144A and (B) in the case of offers outside the United States, to persons other than U.S. persons ("foreign purchasers," which term shall include dealers
or other professional fiduciaries in the United States acting on a discretionary basis for foreign beneficial owners (other than an estate or trust));  provided, however, that, in the case of this clause (B), in purchasing such Securities such
persons are deemed to have represented and agreed as provided under the caption "Notice to Investors" contained in the Final Memorandum (or, if the Final Memorandum is not in existence, the most
recent Preliminary Memorandum). 

19

 

        (b)   The
Initial Purchaser represents and warrants with respect to offers and sales outside the United States that (i) it has and will comply with all applicable laws
and regulations in each jurisdiction in which it acquires, offers, sells or delivers Securities or has in its possession or distributes any Memorandum or any such other material, in all cases at its
own expense; (ii) the Securities have not been and will not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in accordance with
Regulation S or pursuant to an exemption from the registration requirements of the Securities Act; (iii) it has offered the Securities and will offer and sell the Securities
(A) as part of its distribution at any time and (B) otherwise until 40 days after the later of the commencement of the offering and the Closing Date, only in accordance with
Rule 903 of Regulation S and, accordingly, neither it nor any persons acting on its behalf have engaged or will engage in any directed selling efforts (within the meaning of
Regulation S) with respect to the Securities, and any such persons have complied and will comply with the offering restrictions requirement of Regulation S; and (iv) it agrees
that, at or prior to confirmation of sales of the Securities, it will have sent to each distributor, dealer or person receiving a selling concession, fee or other remuneration that purchases
Securities from it during the restricted period a confirmation or notice to substantially the following effect: 

"The
securities covered hereby have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be
offered and sold within the United States or to, or for the account or benefit of, U.S. persons (i) as part of the distribution of the securities at any time or (ii) otherwise until
40 days after the later of the commencement of the offering and the closing date of the offering, except in either case in accordance with Regulation S (or Rule 144A if available)
under the Securities Act. Terms used above have the meaning given to them in Regulation S under the Securities Act." 

        Terms
used in this Section 9 and not defined in this Agreement have the meanings given to them in Regulation S. 

        10.    Survival Clause.    The respective representations, warranties, agreements, covenants, indemnities and other
statements of the Issuers, their respective officers and the Initial Purchaser set forth in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement shall remain in
full force and effect, regardless of (i) any investigation made by or on behalf of the Issuers, any of their respective officers or directors, the Initial Purchaser or any controlling person
referred to in Section 8 hereof and (ii) delivery of, payment for or disposition of the Securities, and shall be binding upon and shall inure to the benefit of any successors, assigns,
heirs or personal representatives of the Issuers, the Initial Purchaser and indemnified parties referred to in Section 8 hereof. The respective agreements, covenants, indemnities and other
statements set forth in Sections 6 and 8 hereof shall remain in full force and effect, regardless of any termination or cancellation of this Agreement. 

        11.    Termination.    (a) This Agreement may be terminated in the sole discretion of the Initial Purchaser by
notice to the Issuers given in the event that the Issuers shall have failed, refused or been unable to satisfy all conditions on their part to be performed or satisfied hereunder on or prior to the
Closing Date or if at or prior to the Closing Date: 

          (i)  any
of the Company or the Subsidiaries shall have sustained any loss or interference with respect to their respective businesses or properties from fire, flood,
hurricane, earthquake, accident or other calamity, whether or not covered by insurance, or from any labor dispute or any legal or governmental proceeding, which loss or interference, in the sole
judgment of the Initial Purchaser, has had or has a material adverse effect on the general affairs, management, business, condition (financial or other), properties, prospects or results of operations
of the Company and the Subsidiaries, taken as a whole, or there shall have been any material adverse change, or any development involving a prospective material adverse change (including without
limitation a 

20

 

change
in management or control of the Company or any Subsidiary), in the general affairs, management, business, condition (financial or other), properties, prospects or results of operations of the
Company and the Subsidiaries, taken as a whole, except as described in or contemplated by the Final Memorandum (exclusive of any amendment or supplement thereto); 

         (ii)  trading
in securities of the Company or any Subsidiary or in securities generally on the New York Stock Exchange, the American Stock Exchange or the NASDAQ National
Market shall have been suspended or minimum or maximum prices shall have been established on any such exchange; 

        (iii)  a
banking moratorium shall have been declared by New York or United States authorities; 

        (iv)  there
shall have been (A) an outbreak or escalation of hostilities between the United States and any foreign power, (B) an outbreak or escalation of any
other insurrection or armed conflict involving the United States or any other national or international calamity or emergency, or (C) any material change in the financial markets of the United
States that, in the case of (A), (B) or (C) above, in the sole judgment of the Initial Purchaser, makes it impracticable or inadvisable to proceed with the delivery of the Securities as
contemplated by the Final Memorandum, as amended as of the date hereof; or 

         (v)  any
securities of the Company or any of the Subsidiaries shall have been downgraded or placed on any "watch list" for possible downgrading by any nationally recognized
statistical rating organization. 

        (b)   Termination
of this Agreement pursuant to this Section 11 shall be without liability of any party to any other party except as provided in Section 10
hereof. 

        12.    Notices.    All communications hereunder shall be in writing and, (i) if sent to the Initial Purchaser,
shall be hand delivered, mailed by first-class mail, couriered by next-day air courier or telecopied and confirmed in writing to CIBC World Markets Corp., 425 Lexington Avenue, 3rd Floor,
New York, New York 10017, Attention: Leveraged Finance Group, and with a copy to Cahill Gordon & Reindel LLP, 80 Pine Street, New York, New York 10005, Attention: Roger Meltzer, Esq. and
(ii) if sent to any of the Issuers, shall be hand delivered, mailed by first-class mail, couriered by next-day air courier or telecopied and confirmed in writing to Affinity
Group, Inc., 2575 Vista Del Mar Drive, Ventura, California 93001, Attention: Thomas Wolfe, and with a copy to Kaplan, Strangis & Kaplan, P.A., 5500 Wells Fargo Center, 90 South Seventh
Street, Minneapolis, Minnesota 55402, Attention: Robert York, Esq.. 

        All
such notices and communications shall be deemed to have been duly given: when delivered by hand, if personally delivered; five business days after being deposited in the mail,
postage prepaid, if mailed; one business day after being timely delivered to a next-day air courier guaranteeing overnight delivery; and when receipt is acknowledged by the addressee, if
telecopied. 

        13.    Successors.    This Agreement shall inure to the benefit of and be binding upon the Initial Purchaser and each
of the Issuers and their respective successors and legal representatives, and nothing expressed or mentioned in this Agreement is intended or shall be construed to give any other person any legal or
equitable right, remedy or claim under or in respect of this Agreement, or any provisions herein contained; this Agreement and all conditions and provisions hereof being intended to be and being for
the sole and exclusive benefit of such persons and for the benefit of no other person except that (i) the indemnities of the Issuers contained in Section 8 of this Agreement shall also
be for the benefit of the directors, officers, employees and agents and any person or persons who control the Initial Purchaser within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act and (ii) the indemnities of the Initial Purchaser contained in Section 8 of this Agreement shall also be for the benefit of the directors, officers,
employees and agents of the Issuers and any person or 

21

 

persons
who control any Issuer within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act. No purchaser of Securities from the Initial Purchaser will be
deemed a successor because of such purchase. 

        14.    No Waiver; Modifications in Writing.    No failure or delay on the part of any Issuer or the Initial Purchaser
in exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise
thereof or the exercise of any other right, power or remedy. The remedies provided for herein are cumulative and are not exclusive of any remedies that may be available to any Issuer or the Initial
Purchaser at law or in equity or otherwise. No waiver of or consent to any departure by any Issuer or the Initial Purchaser from any provision of this Agreement shall be effective unless signed in
writing by the party entitled to the benefit thereof, provided that notice of any such waiver shall be given to each party hereto as set forth below.
Except as otherwise provided herein, no amendment, modification or termination of any provision of this Agreement shall be effective unless signed in writing by or on behalf of each of the Issuers and
the Initial Purchaser. Any amendment, supplement or modification of or to any provision of this Agreement, any waiver of any provision of this Agreement, and any consent to any departure by the
Issuers or the Initial Purchaser from the terms of any provision of this Agreement shall be effective only in the specific instance and for the specific purpose for which made or given. Except where
notice is specifically required by this Agreement, no notice to or demand on the Issuers in any case shall entitle the Issuers to any other or further notice or demand in similar or other
circumstances. 

        15.    Information Supplied by the Initial Purchaser.    The statements set forth in the fourth and fifth sentences of
the seventh paragraph and the fifth and ninth paragraphs, in each case under the heading "Plan of Distribution" in the Final Memorandum (to the extent such statements relate to the Initial Purchaser)
constitute the only information furnished by the Initial Purchaser to the Issuers for purposes of Section 8 hereof. 

        16.    Entire Agreement.    This Agreement constitutes the entire agreement among the parties hereto and supersedes
all prior agreements, understandings and arrangements, oral or written, among the parties hereto with respect to the subject matter hereof. 

        17.    APPLICABLE LAW.    THE VALIDITY AND INTERPRETATION OF THIS AGREEMENT, AND THE TERMS AND CONDITIONS SET FORTH
HEREIN SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY PROVISIONS RELATING TO CONFLICTS OF LAW. 

        18.    Counterparts.    This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. 

        19.    Joint and Several Obligations.    All of the obligations of the Issuers hereunder shall be joint and several
obligations of each of them. 

22

   
        If the foregoing correctly sets forth our understanding, please indicate your acceptance thereof in the space provided below for that purpose, whereupon this Agreement shall constitute a
binding agreement among the Issuers and the Initial Purchaser. 

	 	 	Very truly yours,
	

 	
 	

AFFINITY GROUP, INC.
	

 	
 	

By:	
 	

          
 Name:  Thomas F. Wolfe

Title:    Chief Financial Officer
	

 	
 	

GUARANTORS:
	

 	
 	

AFFINITY ADVERTISING, LP
	

 	
 	

By:	
 	

VBI, INC., its General Partner
	

 	
 	

By:	
 	

          
 Name:  Thomas F. Wolfe

Title:    Chief Financial Officer
	

 	
 	

AFFINITY BROKERAGE, INC.

AFFINITY ROAD AND TRAVEL CLUB, INC.

CAMP COAST TO COAST, INC.

CAMPING REALTY, INC.

CAMPING WORLD, INC.

CAMPING WORLD INSURANCE SERVICES OF

    NEVADA, INC.

COAST MARKETING GROUP, INC.

CWI, INC.

CW MICHIGAN, INC.

EHLERT PUBLISHING GROUP, INC.

GOLF CARD INTERNATIONAL CORP.

GOLF CARD RESORT SERVICES, INC.

GSS ENTERPRISES, INC.

POWER SPORTS MEDIA, INC.

TL ENTERPRISES, INC.

VBI, INC.
	

 	
 	

By:	
 	

          
 Name:  Thomas F. Wolfe

Title:    Chief Financial Officer

        The
foregoing Agreement is hereby confirmed and accepted as of the date first above written. 

	CIBC WORLD MARKETS CORP.	 	 
	By:	 	          
 Name:

Title:	 	 

S-1

Exhibit A-1  

Guarantors  

AFFINITY
ADVERTISING, LP 

AFFINITY
BROKERAGE, INC. 

AFFINITY
ROAD AND TRAVEL CLUB, INC. 

CAMP
COAST TO COAST, INC. 

CAMPING
REALTY, INC. 

CAMPING
WORLD, INC. 

CAMPING
WORLD INSURANCE SERVICES OF NEVADA, INC. 

COAST
MARKETING GROUP, INC. 

CWI, INC.

CW
MICHIGAN, INC. 

EHLERT
PUBLISHING GROUP, INC. 

GOLF
CARD INTERNATIONAL CORP. 

GOLF
CARD RESORT SERVICES, INC. 

GSS
ENTERPRISES, INC. 

POWER
SPORTS MEDIA, INC. 

TL
ENTERPRISES, INC. 

VBI, INC.

Exhibit A-2  

Subsidiaries  

AFFINITY
ADVERTISING, LP 

AFFINITY
BROKERAGE, INC. 

AFFINITY
ROAD AND TRAVEL CLUB, INC. 

CAMP
COAST TO COAST, INC. 

CAMPING
REALTY, INC. 

CAMPING
WORLD, INC. 

CAMPING
WORLD INSURANCE SERVICES OF NEVADA, INC. 

COAST
MARKETING GROUP, INC. 

CWI, INC.

CW
MICHIGAN, INC. 

EHLERT
PUBLISHING GROUP, INC. 

GOLF
CARD INTERNATIONAL CORP. 

GOLF
CARD RESORT SERVICES, INC. 

GSS
ENTERPRISES, INC. 

POWER
SPORTS MEDIA, INC. 

TL
ENTERPRISES, INC. 

VBI, INC.

Exhibit B  

 
 

Form of Opinion of Kaplan, Strangis and Kaplan, P.A.    
    

        The opinion, dated the Closing Date and addressed to the Initial Purchaser, of Kaplan, Strangis and Kaplan, P.A., counsel to the Issuers, to be delivered pursuant
to Section 7(i) of the Purchase Agreement, shall be to the effect that: 

        (a)   Each
of the Company and its Subsidiaries has been duly organized and are validly existing and in good standing as a corporation or partnership, as the case may be, under
the laws of its jurisdiction of incorporation or formation, as the case may be, and is authorized to do business in each jurisdiction in which the ownership or leasing of any property or the character
of its operations makes such qualification necessary and in which the failure so to qualify could have a Material Adverse Effect. 

        (b)   Each
of the Issuers has all requisite power and authority to execute, issue, deliver and perform its obligations under the Notes, the Exchange Notes (as defined in the
Registration Rights Agreement), the Private Exchange Notes (as defined in the Registration Rights Agreement) and the Guarantees endorsed thereon to which it is a party, to execute, issue and deliver
the Basic Documents and the Transaction Documents to which it is a party, to incur and perform all of its obligations thereunder and to consummate the transactions contemplated thereby. Each of the
Issuers has the requisite power and authority to own and operate its property and assets and to transact its business as described in the Memorandum. 

        (c)   The
beneficial ownership of the equity interests in the Issuers, AGHI and AGHC is as set forth in the Final Memorandum under the heading "Security Ownership of Certain
Beneficial Owners." 

        (d)   The
Purchase Agreement has been duly authorized by the Issuers and the Issuers have all requisite power and authority to execute, issue and deliver the Purchase
Agreement and to incur and perform their respective obligations provided for therein. The Purchase Agreement, when executed and delivered by the Issuers (assuming the due authorization, execution and
delivery by the Initial Purchaser), will constitute a valid and legally binding agreement of the Issuers, enforceable against each of them in accordance with its terms except (i) that the
enforcement hereof may be subject to bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or
hereafter in effect relating to creditors' rights generally, and to general principles of equity and the discretion of the court before which any proceeding therefor may be brought and (ii) as
any rights to indemnity or contribution hereunder may be limited by federal and state securities laws and public policy considerations. 

        (e)   The
Indenture has been duly authorized by the Issuers and the Issuers have all requisite power and authority to execute, issue and deliver the Indenture and to incur and
perform their respective obligations provided for therein. The Indenture, when executed and delivered by the Issuers (assuming the due authorization, execution and delivery by the Trustee), will
constitute a valid and legally binding agreement of the Issuers, enforceable against each of them in accordance with its terms except that the enforcement thereof may be subject to
(i) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or hereafter in effect relating to creditors' rights generally, and (ii) general
principles of equity and the discretion of the court before which any proceeding therefor may be brought. The Indenture is in sufficient form for due qualification under the Trust Indenture Act of
1939, as amended. 

        (f)    The
Registration Rights Agreement has been duly authorized by the Issuers and the Issuers have all requisite power and authority to execute, issue and deliver the
Registration Rights Agreement and to incur and perform their respective obligations provided for therein. The Registration Rights Agreement, when executed and delivered by the Issuers (assuming the
due authorization, execution and delivery by the Initial Purchaser), will constitute a valid and legally binding agreement of the Issuers, enforceable against each of them in accordance with its terms 

 

except
(i) that the enforcement thereof may be subject to bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or hereafter in effect relating to
creditors' rights generally, and to general principles of equity and the discretion of the court before which any proceeding therefor may be brought and (ii) as any rights to indemnity or
contribution thereunder may be limited by federal and state securities laws and public policy considerations. 

        (g)   The
Notes have each been duly authorized by the Company and the Company has all requisite power and authority to execute, issue and deliver the Notes and to incur and
perform its obligations provided for therein. The Notes, when executed and delivered by the Company (assuming the due authorization, execution and delivery by the Trustee) in accordance with the
provisions of the Indenture and delivered to and paid for by the Initial Purchaser in accordance with the terms of the Purchase Agreement, will be entitled to the benefits of the Indenture and will
constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms, except that the enforcement thereof may be subject to
(i) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or hereafter in effect relating to creditors' rights
generally, (ii) general principles of equity and the discretion of the court before which any proceeding therefor may be brought. 

        (h)   The
execution and delivery of the Exchange Notes and the Private Exchange Notes has been duly authorized by all necessary corporate action of the Company, and the
Exchange Notes and the Private Exchange Notes, when duly executed and delivered by the Company, all in accordance with the terms of the Registration Rights Agreement and the Indenture, and assuming
due authentication by the Trustee, will be the legal, valid, and binding obligations of the Company entitled to the benefits of the Indenture and will be enforceable in accordance with their terms
except that the enforcement thereof may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or hereafter in effect relating to
creditors rights generally, and (ii) general principles of equity and the discretion of the court before which any proceeding therefor may be brought. 

        (i)    The
Guarantees endorsed on the Notes and the guarantees to be endorsed on the Exchange Notes and the Private Exchange Notes have each been duly authorized by each of the
Guarantors and each Guarantor has all requisite power and authority to endorse and deliver all such guarantees and to incur and perform their respective obligations thereunder, and when the Notes are
executed by the Company and authenticated by the Trustee in accordance with the provisions of the Indenture, and delivered to and paid for by the Initial Purchaser in accordance with the terms of the
Purchase Agreement, will have been duly executed, issued and delivered and will constitute valid and legally binding obligations of the Guarantors, entitled to the benefits of the Indenture and
enforceable against the Guarantors in accordance with their terms except that the enforcement thereof may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance,
moratorium or other similar laws now or hereafter in effect relating to creditors' rights generally, and (ii) general principles of equity and the discretion of the court before which any
proceeding therefor may be brought. 

        (j)    Each
of the Transaction Documents has been duly authorized by the Issuers party thereto and the Issuers have all requisite power and authority to execute, issue and
deliver each Transaction Document to which they are a party and to incur and perform their respective obligations provided for therein. Each of the Transaction Documents, when executed and delivered
by the Issuers party thereto (assuming the due authorization, execution and delivery by the other parties thereto), will constitute a valid and legally binding agreement of the Issuers party thereto,
enforceable against each of them in accordance with its terms except that the enforcement thereof may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium
or other similar laws now or hereafter in effect relating to creditors' rights generally, and (ii) general 

2

 

principles
of equity and the discretion of the court before which any proceeding therefor may be brought. 

        (k)   To
the best of such counsel's knowledge and other than as described in the Final Memorandum, there is no action, suit, investigation or proceeding, governmental or
otherwise, pending or, to the best
of such counsel's knowledge, threatened to which the Issuers are or would be a party or of which the properties of the Issuers are or may be subject, that (i) seeks to restrain, enjoin, prevent
the consummation of or otherwise challenge the issuance and sale of the Securities by the Issuers, or (ii) could have any effect on the power or ability of the Issuers to perform their
respective obligations under the Basic Documents or the Transaction Documents or to consummate the transactions contemplated hereby or thereby including application of the proceeds of the issuance of
the Securities as set forth in the Final Memorandum. 

        (l)    To
such counsel's knowledge, none of the Issuers is (i) in violation of its certificate of incorporation or bylaws (or similar organizational document),
(ii) in breach or violation of any statute, judgment, decree, order, rule or regulation applicable to it or any of its properties or assets, which breach or violation would, individually or in
the aggregate, have a Material Adverse Effect, or (iii) in default (nor has any event occurred which with notice or passage of time, or both, would constitute a default) in the performance or
observance of any obligation, agreement, covenant or condition contained in any Basic Document or any Transaction Document or any other contract, indenture, mortgage, deed of trust, loan agreement,
note, lease, license, franchise agreement, permit, certificate or agreement or instrument to which it is a party or to which it is subject, which default would, individually or in the aggregate, have
a Material Adverse Effect. 

        (m)  The
execution, delivery and performance by the Issuers of the Basic Documents, the Transaction Documents, the issuance and sale by the Issuers of the Securities and the
execution, delivery and performance by the Issuers of all other agreements and instruments to be executed and delivered by the Issuers, pursuant hereto or thereto or in connection herewith or
therewith, and compliance by the Issuers with the terms and provisions hereof and thereof, do not and will not (i) violate any provision of any law, rule or regulation (including, without
limitation, Regulation G, T, U or X of the Board of Governors of the Federal Reserve System), order, writ, judgment, decree, determination or award known to such counsel presently in effect or
in effect on the Closing Date having applicability to the Issuers, (ii) conflict with, constitute or result in a breach or violation of (A) any of the terms or provisions of, or
constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) by the Issuers or give rise to any right to accelerate the maturity or require the prepayment
of any indebtedness under any contract, indenture, mortgage, deed of trust, loan agreement, note, lease, license, franchise agreement, authorization, permit, certificate or other agreement or document
known to such counsel to which any of the Issuers is a party or by which any of them may be bound, or to which any of them or any of their respective assets or businesses is subject, (B) the
articles of incorporation and bylaws or the certificate of limited partnership and limited partnership agreement, as the case may be (each, an "Organizational Document"), of any of the Issuers or
(C) any statute, judgment, decree, order, rule or regulation of any court or governmental agency or other body applicable each of the Issuers or any of their respective properties or assets, or
(iii) except as contemplated by the Transaction Documents, result in, or require the creation or imposition of, any Lien upon or with respect to any of the properties now owned or hereafter
acquired by any of the Issuers, except, in each case, where such violation, conflict, breach, default or creation or imposition of any Lien would not (individually or in the aggregate) (1) have
a Material Adverse Effect, (2) materially impair either Issuer's ability to perform the obligations contemplated by the Transaction Documents and the Final Memorandum or (3) materially
affect the consummation of the transactions contemplated by the Transaction Documents and the Final Memorandum. 

3

 

        (n)   Except
as set forth in the Final Memorandum, to such counsel's knowledge no authorization, consent, approval, license, qualification or formal exemption from, nor any
filing, declaration or registration with, any court, governmental agency or regulatory authority or any securities exchange is required (i) in connection with the execution, delivery or
performance by the Issuers of any of the Basic Documents or the Transaction Documents or (ii) to permit the Issuers to effect payments of principal of, premium and interest on the Securities
except (A) as may be required under state securities or "Blue Sky" laws or the laws of any foreign jurisdiction in connection with the offer and sale of the Notes or (B) as would not
(individually or in the aggregate) have a Material Adverse Effect; all such consents, approvals, authorizations, licenses, qualifications, exemptions and orders set forth in the Final Memorandum which
are required to be obtained by the Closing Date have been obtained or made, as the case may be, and are in full force and effect and not the subject of any pending or, to the best of such counsel's
knowledge, threatened attack by appeal or direct proceeding or otherwise. 

        (o)   No
Issuer is nor immediately after the Closing Date will be an "investment company" or a company "controlled" by an "investment company" within the meaning of the
Investment Company Act of 1940, as amended. 

        (p)   The
statements set forth under the headings "Description of the Notes" and "Description of Other Indebtedness" in the Final Memorandum, insofar as such statements
purport to summarize certain provisions of the Securities and the Indenture, provide a fair summary of such provisions and information with respect thereto. 

        (q)   Assuming
the accuracy of the Initial Purchaser's representations and warranties set forth in the Purchase Agreement and the due performance by the Initial Purchaser of
the covenants and agreements set forth in the Purchase Agreement, the offer, sale and delivery of the Securities to the Initial Purchaser in the manner contemplated by the Purchase Agreement and the
Final Memorandum or in connection with the initial resale of the Securities by the Initial Purchaser in accordance with Section 9 of the Purchase Agreement does not require registration under
the Act and the Indenture does not require qualification under the Trust Indenture Act of 1939, as amended. 

        (r)   No
securities of any Issuer are of the same class (within the meaning of Rule 144A under the Securities Act) as the Securities and listed on a national securities
exchange registered under Section 6 of the Exchange Act, or quoted in a U.S. automated inter-dealer quotation system. 

        (s)   To
such counsel's knowledge, there are no legal or governmental proceedings, nor any contracts or other documents required by the Securities Act to be described in a
prospectus that have not been described in the Final Memorandum. 

        Such
counsel shall additionally state that in its capacity as counsel to the Issuers, it has participated in the preparation of the Final Memorandum and in conferences with officers and
other representatives of the Issuers and representatives of the independent public accountants for the Issuers at which the contents of the Final Memorandum and related matters were discussed and,
although its is not passing upon and does not assume any responsibility for the accuracy, completeness or fairness of the statements contained in the Final Memorandum (except as otherwise indicated in
clauses (a) through (s) above) on the foregoing basis, no facts have come to its attention that leads it to believe that, as of the date of the Final Memorandum or as of date hereof, the
Final Memorandum (other than the financial statements and other financial and statistical data and information included therein or omitted therefrom, as to which we express no opinion) contained or
contains an untrue statement of a material fact or omitted or omits to state a material fact necessary to make the statements therein, in light of the circumstances in which they were made, not
misleading. 

4

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AFFINITY GROUP, INC. $200,000,000 9.00% Senior Subordinated Notes due 2012 PURCHASE AGREEMENT

Form of Opinion of Kaplan, Strangis and Kaplan, P.A.QuickLinks
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Exhibit 4.8  

EXHIBIT A  

        CUSIP No.:                    

 
 

AFFINITY GROUP, INC.    
    
    SERIES A 9.0% SENIOR SUBORDINATED NOTE DUE 2012    
    

	No.	 	$                    

        AFFINITY
GROUP, INC., a Delaware corporation (the "Company", which term includes any successor entity), for value received promises
to pay to                        or registered assigns, the principal sum of $
[                        ] on February 15, 2012. 

        Interest
Payment Dates: February 15 and August 15, commencing August 15, 2004. 

        Record
Dates: February 1 and August 1. 

        Reference
is made to the further provisions of this Note contained on the reverse hereof and the Indenture (as defined), which will for all purposes have the same effect as if set forth
at this place. 

        This
Note shall not be valid or obligatory for any purpose until the certificate of authentication hereon shall have been executed by the Trustee under the Indenture by the manual
signature of one of its authorized officers. 

        IN
WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile by its duly authorized officers. 

	 	 	AFFINITY GROUP, INC.
	

 	
 	

By:	
 	

          
 Name:

Title:
	

 	
 	

By:	
 	

          
 Name:

Title:

Dated:
February 18, 2004 

1

 

Certificate of Authentication  

        This is one of the Series A 9.0% Senior Subordinated Notes due 2012 referred to in the within-mentioned Indenture. 

	 	 	THE BANK OF NEW YORK,

as Trustee
	

 	
 	

By:	
 	

          
 Authorized Signatory

Dated:
February 18, 2004 

2

  

 
 

(REVERSE OF SECURITY)    
    
    9.0% SENIOR SUBORDINATED NOTE DUE 2012    
    

        1.    Interest.    AFFINITY GROUP, INC., a Delaware corporation (the
"Company") promises to pay interest on the principal amount of this Note at the rate per annum shown
above. Interest on the Notes will accrue from the most recent date on which interest has been paid or, if no interest has been paid, from the date of the original issuance of the Notes. The Company
will pay interest semi-annually in arrears on each Interest Payment Date, commencing August 15, 2004. Interest will be computed on the basis of a 360-day year of twelve
30-day months. 

        The
Company shall pay interest on overdue principal and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful from time to time on
demand at the rate borne by the Notes. 

        2.    Method of Payment.    The Company shall pay interest on the Notes (except defaulted interest) to the Persons who
are the registered Holders at the close of business on February 1 or August 1 immediately preceding the Interest Payment Date (whether or not such day is a Business Day) even if the
Notes are cancelled on registration of transfer or registration of exchange after such Record Date. Holders must surrender Notes to a Paying Agent to collect principal payments. Payments of principal,
premium, if any, and interest will be made (on presentation of such Notes if in certificated form) in money of the United States that at the time of payment is legal tender for payment of public and
private debts; provided, however, that the Company may pay principal, premium, if any, and interest by
check payable in such money. The Company may deliver any such interest payment to the Paying Agent or to a Holder at the Holder's registered address. 

        3.    Paying Agent and Registrar.    Initially, The Bank of New York, a New York banking corporation (the
"Trustee"), will act as Paying Agent and Registrar. The Company may change any Paying Agent, Registrar or co-Registrar without notice to the
Holders. The Company or any of its Subsidiaries or Affiliates may act as Paying Agent or Registrar. 

        4.    Indenture.    The Company issued this Note under an Indenture, dated as of February 18, 2004 (the
"Indenture"), by and among the Company, the Guarantors and the Trustee. This Note is one of a duly authorized issue of Initial Notes of the Company
designated as its Series A 9.0% Senior Subordinated Notes due 2012 (the "Notes"). The Notes include the Initial Notes, the Additional Notes and
the Exchange Notes (as defined below) issued in exchange for the Initial Notes and Additional Notes pursuant to the Indenture. The Initial Notes, the Additional Notes and the Exchange Notes are
treated as a single class of securities under the Indenture. Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. The terms of the Notes include those stated
in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S. Code Sections 77aaa-77bbbb) (the
"TIA"), as in effect on the date of the Indenture. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders
are referred to the Indenture and the TIA for a statement of them. The Notes are general unsecured Obligations of the Company. 

        5.    Subordination.    The Notes are unsecured obligations of the Company and subordinated in right of payment, in
the manner and to the extent set forth in the Indenture, to the prior payment in full in cash of all Senior Indebtedness of the Company, whether outstanding on the date of the Indenture or thereafter
created, incurred, assumed or guaranteed. Each Holder by his acceptance hereof agrees to be bound by such provisions and authorizes and expressly directs the Trustee, on his behalf, to take such
action as may be necessary or appropriate to effectuate the subordination provided for in the Indenture and appoints the Trustee his attorney-in-fact for such purposes. 

        6.    Guarantee.    The obligations of the Company hereunder are guaranteed on a senior subordinated basis by the
Guarantors. Each Guarantee by a Guarantor is subordinated in right of 

3

 

payment
to all Senior Indebtedness of such Guarantor to the same extent that the Notes are subordinated to Senior Indebtedness of the Company. 

        7.    Redemption.    

        Except
as set forth in this Section 7, the Company may not redeem the notes. 

        (a)    Optional Redemption.    The Company may redeem the Notes, at its option, in whole at any time or in part from
time to time, on and after February 15, 2008 at the following Redemption Prices (expressed as percentages of the principal amount thereof), plus accrued and unpaid interest, if any, to the
redemption date, if redeemed during the twelve-month period beginning on February 15 of each year listed below: 

	Year
 
	 	Percentage
	 
	2008	 	104.500	%
	2009	 	102.250	%
	2010 and thereafter	 	100.000	%

        (b)    Optional Redemption Upon Public Equity Offerings.    The Company may redeem in the aggregate up to 35% of the
aggregate principal amount of Notes originally issued at any time and from time to time prior to August 15, 2007 at a Redemption Price equal to 109.00% of the aggregate principal amount so
redeemed, plus accrued and unpaid interest, if any, to the Redemption Date out of the Net Proceeds of one or more Public Equity Offerings; provided that 

        (1)   at
least 65% of the principal amount of Notes originally issued remains outstanding immediately after the occurrence of any such redemption; and 

        (2)   any
such redemption occurs within 60 days following the closing of such Public Equity Offering. 

        8.    Notice of Redemption.    Notice of redemption under paragraphs of this Note will be mailed at least
30 days but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed at such Holder's registered address. 

        Except
as set forth in the Indenture, if monies for the redemption of the Notes called for redemption shall have been deposited with the Paying Agent for redemption on such Redemption
Date, then, unless the Company defaults in the payment of such Redemption Price plus accrued interest, if any, the Notes called for redemption will cease to bear interest from and after such
Redemption Date and the only right of the Holders of such Notes will be to receive payment of the Redemption Price plus accrued interest, if any. 

        9.    Offers to Purchase.    The Indenture provides that, after certain Asset Sales and upon the occurrence of a
Change of Control, and subject to further limitations contained therein, the Company will make an offer to purchase certain amounts of the Notes in accordance with the procedures set forth in the
Indenture. 

        10.    Registration Rights.    Pursuant to the Registration Rights Agreement by and among the Company, the Guarantors
and the Initial Purchaser, the Company has agreed to use its best efforts to consummate an exchange offer pursuant to which the Holder of this Note, if this Note is an Initial Note issued on the Issue
Date, subject to certain exceptions for certain types of Holders, shall have the right to exchange this Note for the Company's Series B 9.0% Senior Subordinated Notes due 2012 (the
"Exchange Notes"), which have been registered under the Securities Act, in like principal amount, representing the same continuing indebtedness as the
Initial Notes and having terms identical in all material respects to the Initial Notes. The Holders of the Initial Notes issued on the Issue Date shall be entitled to receive certain Additional
Interest payments in the event such exchange offer is not consummated and upon certain other conditions, all pursuant to and in accordance with the terms of 

4

 

the
Registration Rights Agreement. Additional Notes may from time to time be entitled to registration rights and Additional Interest as may be determined in connection with the issuance of such
Additional Notes. 

        11.    Denominations; Transfer; Exchange.    The Notes are in registered form, without coupons, in denominations of
$1,000 and integral multiples thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Registrar need not
register the transfer of or exchange of any Notes or portions thereof selected for redemption. 

        12.    Persons Deemed Owners.    The registered holder of a Note shall be treated as the owner of it for all purposes. 

        13.    Unclaimed Money.    If money for the payment of principal or interest remains unclaimed for two years, the
Trustee and the Paying Agent will pay the money back to the Company. After that, Holders entitled to money must look to the Company for payment as general creditors unless an "abandoned property" law
designates another person. 

        14.    Legal Defeasance and Covenant Defeasance.    If the Company at any time deposits with the Trustee U.S. legal
tender or U.S. Government Obligations sufficient to pay the principal of and interest on the Notes to redemption or maturity and complies with the other provisions of the Indenture relating to
defeasance, the Company will be discharged from certain provisions of the Indenture and the Notes (including certain covenants, but excluding its obligation to pay the principal of and interest on the
Notes). 

        15.    Amendments, Supplements, and Waivers.    Subject to certain exceptions, the Indenture or the Notes may be
amended or supplemented with the written consent of the Holders of at least a majority in aggregate principal amount of the Notes then outstanding, and any existing Default or Event of Default or
noncompliance with any provision may be waived with the written consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding. Without notice to or consent of any
Holder, the parties thereto may amend or supplement the Indenture or the Notes to, among other things, cure any ambiguity, defect or inconsistency, provide for uncertificated Notes in addition to or
in place of certificated Notes or make any other change that does not adversely affect in any material respect the rights of any Holder. 

        16.    Restrictive Covenants.    The Indenture imposes certain limitations on the ability of the Company and its
Subsidiaries to, among other things, incur additional Indebtedness, make payments in respect of its Capital Stock, enter into transactions with Affiliates, create dividend or other payment
restrictions affecting Restricted Subsidiaries, sell assets, create liens, issue capital stock, enter into sale and lease-back transactions, make certain Investments, merge or consolidate
with any other Person, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its assets. Such limitations are subject to a number of important qualifications and
exceptions. The Company must quarterly report to the Trustee on compliance with such limitations. 

        17.    Successor Entity.    When a successor entity assumes, in accordance with the Indenture, all the obligations of
its predecessor under the Notes and the Indenture, and immediately before and thereafter no Default or Event of Default exists and certain other conditions are satisfied, the predecessor entity will
be released from those obligations. 

        18.    Defaults and Remedies.    Events of Default are set forth in the Indenture. If an Event of Default (other than
an Event of Default pursuant to Section 6.01(f) or (g) of the Indenture with respect to the Company) shall have occurred and be continuing, then the Trustee or the Holders of not less
than 25% in aggregate principal amount of the Notes then outstanding, may declare to be 

5

 

immediately
due and payable the entire principal amount of all the Notes then outstanding plus accrued interest to the date of acceleration, subject to the provisions of the Indenture. In case an
Event of Default specified in Section 6.01(f) or (g) of the Indenture occurs with respect to the Company, such principal amount, together with premium, if any, and interest with respect
to all of the Notes, shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders. The Trustee is not obligated to enforce the Indenture or the
Notes unless it has received indemnity reasonably satisfactory to it. 

        19.    Trustee Dealings with Company.    The Trustee under the Indenture, in its individual or any other capacity, may
make loans to, accept deposits from, and perform services for the Company, and may otherwise deal with the Company, its Subsidiaries or their respective Affiliates as if it were not the Trustee. 

        20.    No Recourse Against Others.    As more fully described in the Indenture, no director, officer, employee,
stockholder or incorporator, as such, of the Company shall have any liability for any obligation of the Company under the Notes or the Indenture or for any claim based on, in respect of or by reason
of such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes. 

        21.    Authentication.    This Note shall not be valid until the Trustee or Authenticating Agent manually signs the
certificate of authentication on this Note. 

        22.    Governing Law.    THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE PARTIES TO THE INDENTURE HAS
AGREED TO SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE.

        23.    Abbreviations and Defined Terms.    Customary abbreviations may be used in the name of a Holder or an assignee,
such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (=
Uniform Gifts to Minors Act). 

        24.    CUSIP Numbers.    Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification
Procedures, the Company has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders. No representation is made as to the accuracy of such numbers as printed on the Notes and
reliance may be placed only on the other identification numbers printed hereon. 

        25.    Indenture.    Each Holder, by accepting a Note, agrees to be bound by all of the terms and provisions of the
Indenture, as the same may be amended from time to time. 

        The
Company will furnish to any Holder upon written request and without charge a copy of the Indenture, which has the text of this Note in larger type. Requests may be made to: Affinity
Group, Inc., 2575 Vista Del Mar Drive, Ventura, California 93001, Attention: Thomas Wolfe. 

6

 
 
 

FORM OF GUARANTEE    
    

        Each Guarantor (capitalized terms used herein have the meanings given such terms in the Indenture referred to in the Note upon which this notation is endorsed)
hereby unconditionally guarantees on a senior subordinated basis (such guarantee being referred to herein as the "Guarantee") the due and punctual
payment of the principal of, premium, if any, and interest on the Notes, whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on the overdue principal, premium
and interest on the Notes to the extent lawful, and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee, all in accordance with the terms set forth
in Article 10 of the Indenture. 

        The
obligations of each Guarantor to the Holders and to the Trustee pursuant to the Guarantee and the Indenture are expressly set forth in Article 10 of the Indenture, and are
expressly subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness of each Guarantor, to the extent and in the manner provided in Article 11 of the
Indenture. 

        This
Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Notes upon which this Guarantee is noted shall have been executed by the
Trustee under the Indenture by the manual signature of one of its authorized officers. 

        This
Guarantee shall be governed by and construed in accordance with the laws of the State of New York without regard to principles of conflicts of law. 

        This
Guarantee is subject to release upon the terms set forth in the Indenture. 

	 	 	[                        ]
	

 	
 	

By:	
 	

          
 Name:

Title:

7

 
 
 

ASSIGNMENT FORM    
    

        If you the Holder want to assign this Note, fill in the form below and have your signature guaranteed: 

        I
or we assign and transfer this Note to: 

	

	

	

 (Print or type name, address and zip code and

social security or tax ID number of assignee)

        and
irrevocably appoint                        , agent to transfer this Note on the books of the Company. The agent may substitute
another to act for him. 

	Date:	 	          
	 	Signed:	 	          
 (Sign exactly as your name appears on the other side of this Note)

	Medallion Guarantee:	 	          
	 	 

8

 
 
 

[OPTION OF HOLDER TO ELECT PURCHASE]    
    

        If you want to elect to have this Note purchased by the Company pursuant to Section 4.13 or Section 4.18 of the Indenture, check the appropriate
box: 

Section 4.13
o

Section 4.18 o 

        If you want to elect to have only part of this Note purchased by the Company pursuant to Section 4.13 or Section 4.18 of the Indenture, state the
amount you elect to have purchased: 

	$	 	 	 	 
	 	 	
	 	 
	Date:	 	 	 	 
	 	 	
	 	
 NOTICE: The signature on this assignment must correspond with the name as it appears upon the face of the within Note in every particular without alteration or enlargement or any change whatsoever and be
guaranteed by the endorser's bank or broker.
	Medallion Guarantee:              	 	 

9

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AFFINITY GROUP, INC. SERIES A 9.0% SENIOR SUBORDINATED NOTE DUE 2012

(REVERSE OF SECURITY) 9.0% SENIOR SUBORDINATED NOTE DUE 2012

FORM OF GUARANTEE

ASSIGNMENT FORM

[OPTION OF HOLDER TO ELECT PURCHASE]

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