Document:

Exhibit 10.24

   

  Execution Version

   

  LIMITED CONSENT AND SEVENTEENTH AMENDMENT TO

    CREDIT AND GUARANTY AGREEMENT

   

  This LIMITED CONSENT AND SEVENTEENTH AMENDMENT TO CREDIT AND GUARANTY AGREEMENT (this “Amendment”) is entered into as of August 29, 2019
    to be effective as of August 1, 2019, among ONE WATER MARINE Holdings, LLC, a Delaware limited liability company (“Holdings”), certain subsidiaries of Holdings, as borrowers
    (collectively “Companies”, and together with Holdings, the “Credit Parties”), GOLDMAN SACHS SPECIALTY LENDING GROUP, L.P., as administrative agent and as collateral agent (in such capacities, “Agent”), and the undersigned
    Lenders (as defined below). Unless otherwise defined herein, all capitalized terms used herein that are defined in the Credit Agreement referred to below shall have the meanings given to such terms in the Credit Agreement, as amended hereby.

   

  RECITALS

   

  WHEREAS, Companies, Holdings, Agent and the financial institutions party thereto as lenders (“Lenders”) are parties to that certain Credit
    and Guaranty Agreement dated as of October 28, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);

   

  WHEREAS, pursuant to the Credit Agreement, Lenders have made Loans to Companies and provided certain other credit accommodations to Companies;

   

  WHEREAS, Companies have advised Agent and Lenders that South Florida Assets & Operations, LLC, a Florida limited liability company (“Buyer”),

    desires to purchase certain assets (the “Proposed Acquisition”) from (i) Central Marine Service, Inc., a Florida corporation (“CMSI”), (ii) Central Marine Outboard, Inc., a Florida corporation (“CMOI”), (iii) Central Marine Sales
    of Stuart, LLC, a Florida limited liability company (“CMSS”), (iv) Central Marine Stuart, LLC, a Florida limited liability company (“CMSL” and together with CMSI, CMOI and CMSS, collectively, the “Selling Entities” and each,
    separately, a “Selling Entity”), and (v) William A. Geiger, Jr., individually (“Owner”), and together with the Selling Entities, a “Seller”), pursuant to that certain Asset Purchase Agreement to be entered into on or after the date
    hereof and with an effective date of August 1, 2019 (in form and substance approved by Agent prior to the effectiveness thereof, the “Proposed Acquisition Agreement”), by and among Seller, Buyer and certain other Persons party thereto;

   

  WHEREAS, Companies have requested that Agent and Lenders agree to (i) consent to the Proposed Acquisition, including the incurrence of the
    Proposed Seller Note (as defined below) and (ii) amend certain other terms and provisions of the Credit Agreement, in each case, as more particularly described in this Amendment; and

   

  WHEREAS, subject to the terms and conditions set forth herein, the undersigned Lenders have agreed to Companies’ requests as set forth in this
    Amendment.

   

  NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the
    receipt and sufficiency of which are hereby acknowledged and agreed, Holdings, Companies, Agent and the undersigned Lenders hereby agree as follows:

   

   

  
    
      
 

  

  
  SECTION 1.          Consent to Proposed Acquisition. Subject to the satisfaction or waiver in writing of each of the conditions set
    forth in this Section 1 and in Section 3 below and in reliance on the representations, warranties, covenants and agreements set forth in this Amendment, Agent and Lenders hereby consent to the Proposed Acquisition, including the
    incurrence of the Proposed Seller Note; provided that each of the following conditions is satisfied:

   

  (a)       the Credit Parties shall have complied with all of the terms and conditions of the Credit Agreement applicable for consummation of a
    Permitted Acquisition with respect to the Proposed Acquisition;

   

  (b)       the Proposed Acquisition shall be consummated in accordance with the Proposed Acquisition Agreement, and the Proposed Acquisition
    Agreement shall not have been amended or otherwise modified, amended or waived in a manner adverse to the interests of the Lenders;

   

  (c)       on or before the date on which the Proposed Acquisition is consummated, (i) evidence of payoff and lien releases and/or UCC-3
    terminations or amendments with respect to the Repaid Floorplan Debt (as defined in the Proposed Acquisition Agreement), each in form and substance satisfactory to Agent, (ii) evidence of assumption and lien releases and/or UCC-3 terminations or
    amendments with respect to the Assumed Floorplan Debt (as defined in the Proposed Acquisition Agreement), each in form and substance satisfactory to Agent and (iii) any other documents or agreements reasonably requested by Agent in connection
    therewith;

   

  (d)       on the date the Proposed Acquisition is consummated, prior to such consummation, the Credit Parties shall have delivered to Agent a
    certificate, in form and substance satisfactory to Agent, that each of the conditions set forth herein to the consummation of the Proposed Acquisition have been satisfied;

   

  (e)       the Credit Parties shall have caused the holders of the Proposed Seller Note to execute and deliver a debt subordination agreement in
    favor of Agent and Lenders in form and substance reasonably satisfactory to Agent and Lenders in their respective sole discretion; and

   

  (f)        the Credit Parties shall satisfy the requirements of Section 5.11 of the Credit Agreement with respect to each of the leased
    locations listed on Schedule 4.12 of the Proposed Acquisition Agreement.

   

  Notwithstanding anything to the contrary in the Credit Agreement or any other Credit Documents and effective upon the satisfaction of all of the conditions set
    forth in this Section 1 and Section 3 below, (x) the Proposed Acquisition shall be deemed to constitute a “Permitted Acquisition” for all purposes under the Credit Agreement and (y) the adjustable balloon promissory note delivered in
    connection with the Proposed Acquisition Agreement (the “Proposed Seller Note”) shall be deemed to be an “Approved Subordinated Debt Document” and the obligations thereunder shall be deemed to be “Approved Subordinated Debt”. Without limiting
    the foregoing, if the Proposed Acquisition is consummated without satisfying any of the conditions in this Section 1, such event shall constitute an immediate Event of Default under Section 8.1(c) of the Credit Agreement unless the specific
    failure is agreed to, waived or otherwise consented to in writing by Agent.

   

  SECTION 2.           Amendments. In reliance on the representations, warranties, covenants and agreements contained in this
    Amendment, the Credit Agreement shall be amended effective as of the Seventeenth Amendment Effective Date (as defined below) as follows:

   

  2.1.          Replacement of Schedules to Credit Agreement. Schedules 1.1(a), 1.1(b), and 4.13(b) of the Credit Agreement shall
    each be amended and restated in their respective entireties as Schedules 1.1(a), 1.1(b), and 4.13(b), attached hereto, respectively.

   

   

  
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  SECTION 3.          Conditions Precedent. The amendments contained in Section 2 hereof and the consent contained in Section

      1 hereof, in each case, shall become effective on the date (such date, the “Seventeenth Amendment Effective Date”) on which all of the following conditions precedent have been satisfied (or waived by Agent in writing):

   

  3.1.         Credit Agreement Amendment. Agent shall have received counterparts of this Amendment duly executed and delivered
    (which may be by email, facsimile or other electronic transmission (e.g., “.pdf”)) by Companies, Holdings and each Lender.

   

  3.2.         Pro Forma Compliance Certificate. Agent shall have received on or before the Proposed Acquisition Date (as defined
    below) a reasonably satisfactory pro forma Compliance Certificate from the Chief Financial Officer of the Companies demonstrating that, after giving effect to the closing of the Proposed Acquisition (including the incurrence of any Indebtedness and any
    payment in connection therewith), the Companies reasonably expect, after giving effect to any contemplated borrowing and based upon good faith determinations and projections consistent with the Financial Plan, to be in compliance with all operating and
    financial covenants set forth in the Credit Agreement.

   

  3.3.          Proposed Acquisition Closing. The closing of the Proposed Acquisition shall have occurred in accordance with this
    Amendment (the date thereof being the “Proposed Acquisition Date”).

   

  3.4.          Officer’s Closing Certificate. Agent shall have received a certificate from an Authorized Officer dated as of the
    Proposed Acquisition Date to the effect that:

   

  (a)       each representation and warranty of each Credit Party contained in this Amendment and each Credit Document is true and correct in all
    material respects as of the Proposed Acquisition Date (except (i) to the extent that any such representation and warranty is expressly limited to an earlier date, in which case, on the Proposed Acquisition Date, such representation and warranty shall
    continue to be true and correct in all material respects as of such specified earlier date and (ii) to the extent that any such representations and warranties are qualified by materiality, such representations and warranties shall continue to be true
    and correct in all respects);

   

  (b)       no injunction or other restraining order has been issued and no hearing to cause an injunction or other restraining order to be issued
    is pending or noticed with respect to any action, suit or proceeding seeking to enjoin or otherwise prevent the consummation of, or to recover any damages or obtain relief as a result of, the borrowing contemplated hereby;

   

  (c)       no event, circumstance, change or effect that, individually or in the aggregate, has had or would reasonably be expected to have a
    Material Adverse Effect has occurred since December 31, 2017;

   

  (d)       each Credit Party has received all Governmental Authorizations and all consents of other Persons, in each case that are necessary or
    advisable in connection with the effectuation of the transactions contemplated by this Amendment and the Credit Documents and each of the foregoing is in full force and effect and in form and substance reasonably satisfactory to Agent; and

   

  (e)       no event has occurred and is continuing or would result from the consummation of the borrowing contemplated hereby that would
    constitute an Event of Default or a Default.

   

   

  
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  3.5.         Officer’s Certificates; Other Documents. Agent shall have received in respect of each Credit Party on or prior to the
    Proposed Acquisition Date (i) sufficient copies of each Organizational Document as Agent shall request, in each case certified by an Authorized Officer of such Credit Party and, to the extent applicable, certified as of such date or a recent date prior
    thereto by the appropriate Governmental Authority or a certification made by such Authorized Officer that there have been no changes with respect to such matters since the date of the most recent Organizational Documents delivered to Agent; (ii)
    signature and incumbency certificates of the officers of each Credit Party executing this Amendment and the other Credit Documents to which it is a party or a certification made by such Authorized Person that there have been no changes with respect to
    such matters since the date of the most recent incumbency certificates delivered to Agent; (iii) resolutions of the board of directors or similar governing body of each Credit Party approving and authorizing the execution, delivery and performance of
    this Amendment and the other Credit Documents to which it is a party, certified as of such date by an appropriate Authorized Officer as being in full force and effect without modification or amendment; and (iv) a good standing certificate from the
    applicable Governmental Authority of such Credit Party’s jurisdiction of incorporation, organization or formation and in each jurisdiction in which it is qualified as a foreign corporation or other entity to do business, each dated a recent date prior
    to such certification date.

   

  3.6.          Fees and Expenses. Companies shall have paid to Agent and the Lenders (i) the fees payable on the date hereof
    referred to in Section 2.8(d) of the Credit Agreement (as amended hereby) and (ii) all fees and reimbursements due and owing to Agent or the Lenders in connection with this Amendment including, without limitation, all reasonable fees and expenses
    incurred by the Agent (including, without limitation, reasonable and documented fees and expenses of counsel to Agent) in the preparation, execution, review and negotiation of this Amendment and any other related documents for which Companies shall
    have been invoiced by Agent prior to the date hereof.

   

  3.7.          Absence of Defaults. No Default or Event of Default shall have occurred that is continuing after giving effect to
    this Amendment and the Proposed Acquisition.

   

  3.8.         Floorplan Lenders. The requisite lenders under any Approved Floorplan Financing shall have consented to or otherwise
    permitted the Proposed Acquisition and this Amendment pursuant to amendments of and/or consents under the Approved Floorplan Financing Documents that are in form and substance satisfactory to Agent and Requisite Lenders in their respective sole
    discretion.

   

  3.9.          No Litigation. On the Proposed Acquisition Date, there shall not exist any action, suit, investigation, litigation
    or proceeding, hearing, or other legal or regulatory developments, pending or threatened in any court or before any arbitrator or Governmental Authority that, in the reasonable opinion of Agent, singly or in the aggregate, materially impairs this
    Amendment, the financing thereof or any of the other transactions contemplated by the Credit Documents, or that could have a Material Adverse Effect.

   

  3.10.        Other Documents. Agent shall have received any other documents or agreements reasonably requested by Agent in
    connection herewith.

   

  SECTION 4.          Representations and Warranties. In order to induce Agent and the undersigned Lenders to enter into this
    Amendment, each Credit Party hereby represents and warrants to Agent and each Lender that:

   

  4.1.         Accuracy of Representations and Warranties. Each representation and warranty of each Credit Party contained in this
    Amendment and the Credit Documents is true and correct in all material respects as of the date hereof (except (a) to the extent that any such representation and warranty is expressly limited to an earlier date, in which case, on the date hereof, such
    representation and warranty shall continue to be true and correct in all material respects as of such specified earlier date and (b) to the extent that any such representations and warranties are qualified by materiality, such representations and
    warranties shall continue to be true and correct in all respects).

   

   

  
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  4.2.          Due Authorization. The execution, delivery and performance of this Amendment have been duly authorized by all
    necessary action on the part of each Credit Party.

   

  4.3.          No Conflicts. The execution, delivery and performance by each Credit Party of this Amendment shall not: (a) violate
    any provision of any law or any governmental rule or regulation applicable to Holdings or any of its Subsidiaries, any of the Organizational Documents of Holdings or any of its Subsidiaries, or any order, judgment or decree of any court or other agency
    of government binding on Holdings or any of its Subsidiaries; (b) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of Holdings or any of its Subsidiaries;
    (c) result in or require the creation or imposition of any Lien upon any of the properties or assets of Holdings or any of its Subsidiaries (other than any Liens created under any of the Credit Documents in favor of Collateral Agent, on behalf of
    Secured Parties); or (d) require any approval of stockholders, members or partners or any approval or consent of any Person under any Contractual Obligation of Holdings or any of its Subsidiaries.

   

  4.4.          Validity and Binding Effect. This Amendment constitutes the valid and binding obligations of each Credit Party
    enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditor’s rights generally, and subject to general principles of equity,
    regardless of whether considered in a proceeding in equity or law.

   

  4.5.          Absence of Defaults. No Default or Event of Default has occurred that is continuing.

   

  4.6.          No Defense. No Credit Party has any defenses to payment, counterclaims or rights of set-off with respect to the
    Obligations on the date hereof or any defenses to the validity, enforceability or binding effect against such Credit Party of the Credit Documents to which it is a party to or any Liens intended to be created thereby.

   

  4.7.          Review and Construction of Documents. Each Credit Party (a) has had the opportunity to consult with legal counsel of
    its own choice and has been afforded an opportunity to review this Amendment with its legal counsel, (b) has reviewed this Amendment and fully understands the effects thereof and all terms and provisions contained in this Amendment, and (c) has
    executed this Amendment of its own free will and volition. Furthermore, each Credit Party acknowledges that (i) this Amendment shall be construed as if jointly drafted by the Credit Parties and the Lenders, and (ii) the recitals contained in this
    Amendment shall be construed to be part of the operative terms and provisions of this Amendment.

   

  SECTION 5.           Miscellaneous.

   

  5.1.           Reaffirmation of Credit Documents and Liens. All of the terms and provisions of the Credit Agreement and any other
    Credit Documents shall, except as amended and modified hereby, remain in full force and effect and are hereby ratified and confirmed. Each Credit Party hereby reaffirms the Liens securing the Obligations until the Obligations have been paid in full,
    and agrees that the amendments and modifications herein contained shall in no manner adversely affect or impair the Obligations or the Liens securing payment and performance thereof.

   

  5.2.           Parties in Interest. All of the terms and provisions of this Amendment shall bind and inure to the benefit of the
    parties hereto and their respective successors and assigns.

   

  
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  5.3.           Counterparts. This Amendment may be executed in counterparts, all of which taken together shall constitute one and
    the same instrument. Delivery of a counterpart by facsimile or other electronic transmission (e.g., .pdf) shall be effective as delivery of a manually executed original counterpart.

   

  5.4.           COMPLETE AGREEMENT. THIS AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS REPRESENT THE FINAL
    AGREEMENT AMONG THE PARTIES WITH RESPECT TO THE SUBJECT MATTER THEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

   

  5.5.           Release. Companies and each other Credit Party on their own behalf and on behalf of their predecessors, successors,
    heirs, legal representatives and assigns (collectively, the “Releasing Parties”), hereby acknowledge and stipulate that as of the date hereof, none of the Releasing Parties has any claims or causes of action of any kind whatsoever against Agent,
    any other Secured Party or any of their officers, directors, employees, agents, attorneys or representatives, or against any of their respective predecessors, successors or assigns (each of the foregoing, collectively, the “Released Parties”).
    Each of the Releasing Parties hereby forever releases, remises, discharges and holds harmless the Released Parties from any and all claims, causes of action, demands and liabilities of any kind whatsoever, whether direct or indirect, fixed or
    contingent, liquidated or nonliquidated, disputed or undisputed, known or unknown, which any of the Releasing Parties has relating in any way to any event, circumstance, action or failure to act by the Released Parties through the date of this
    Amendment.

   

  5.6.           No Implied Waivers. No failure or delay on the part of Agent or the Lenders in exercising, and no course of dealing
    with respect to, any right, power or privilege under this Amendment, the Credit Agreement or any other Credit Document shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under this Amendment,
    the Credit Agreement or any other Credit Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

   

  5.7.           Arms-Length/Good Faith. This Amendment has been negotiated at arms-length and in good faith by the parties hereto.

   

  5.8.           Interpretation. Wherever the context hereof shall so require, the singular shall include the plural, the masculine
    gender shall include the feminine gender and the neuter and vice versa. The headings, captions and arrangements used in this Amendment are for convenience only, shall not affect the interpretation of this Amendment, and shall not be deemed to limit,
    amplify or modify the terms of this Amendment, nor affect the meaning thereof.

   

  5.9.           Severability. In case any one or more of the provisions contained in this Amendment shall for any reason be held to
    be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Amendment shall be construed as if such invalid, illegal, or unenforceable provision had never
    been contained herein.

   

  5.10.        Credit Document. Each Credit Party acknowledges and agrees that this Amendment is a Credit Document.

   

  5.11.        Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW
    YORK.

   

  [Signature Pages Follow]

   

   

  
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  IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers on the date and
    year first above written.

   

  	COMPANIES:	
          SINGLETON ASSETS & OPERATIONS, LLC 

          LEGENDARY ASSETS & OPERATIONS, LLC 

          SOUTH FLORIDA ASSETS & OPERATIONS, LLC

          651 S FEDERAL HIGHWAY, LLC 

        
	 	 	 
	 	By:	/s/ Philip Austin Singleton, Jr.
	 	Name:	Philip Austin Singleton, Jr.
	 	Title:	Manager

   

  	 	
          BOSUN’S ASSETS & OPERATIONS, LLC 

          ONE WATER ASSETS & OPERATIONS, LLC 

          SOUTH SHORE LAKE ERIE ASSETS & OPERATIONS, LLC 

        
	 	 	 
	 	By:	/s/ Philip Austin Singleton, Jr.
	 	Name:	Philip Austin Singleton, Jr.
	 	Title:	CEO

   

  	 	SUNDANCE LAUDERDALE REALTY, INC.
	 	 	 
	 	By:	/s/ Philip Austin Singleton, Jr.
	 	Name:	Philip Austin Singleton, Jr.
	 	Title:	President

   

  	 	MIDWEST ASSETS & OPERATIONS, LLC
	 	 	 
	 	By: One Water Assets & Operations, LLC, its Manager
	 	 	 
	 	By:	/s/ Philip Austin Singleton, Jr.
	 	Name:	Philip Austin Singleton, Jr.
	 	Title:	CEO

   

  	HOLDINGS:	ONE WATER MARINE HOLDINGS, LLC
	 	 	 
	 	By:	/s/ Philip Austin Singleton, Jr.
	 	Name:	Philip Austin Singleton, Jr.
	 	Title:	CEO

  

   

  

  Signature Page to

  Limited Consent And Seventeenth Amendment to Credit and Guaranty Agreement

  One Water Marine Holdings, LLC

   

  
    
      
 

  

   

   

  

  	AGENT:	GOLDMAN SACHS SPECIALTY LENDING
	 	GROUP, L.P., as Agent
	 	 	 
	 	By:	/s/ Greg Watts
	 	Name:	Greg Watts
	 	Title:	Senior Vice President

   

  

  Signature Page to 

  Limited Consent And Seventeenth Amendment to Credit and Guaranty Agreement 

  One Water Marine Holdings, LLC

  

   

  
    
      
 

  

   

  	LENDER:	GOLDMAN SACHS SPECIALTY LENDING
	 	GROUP, L.P., as Lender
	 	 	 
	 	By:	/s/ Greg Watts
	 	Name:	Greg Watts
	 	Title:	Senior Vice President

  

    

  

  Signature Page to

  Limited Consent and Seventeenth Amendment to Credit and Guaranty Agreement

  One Water Marine Holdings, LLC

   

  
    
      
 

  

   

  

  	LENDER:	OWM BIP INVESTOR, LLC,
	 	
           as a Lender

        
	 	 	 
	 	By:	/s/ John Troiano
	 	Name:	
          John Troiano

        
	 	Title:	
          Manager

        

   
  Signature Page to

  Limited Consent and Seventeenth Amendment to Credit and Guaranty Agreement

  One Water Marine Holdings, LLC

   

  
    
      
 

  

   

   Schedule 1.1(a)

   

  Certain Material Real Estate Assets

   

  The following is a list of all fee-owned Real Estate Asset having a fair market value in excess of $200,000 as of the date of the acquisition thereof:

   

  	Complete Address

            (including county)	Whether
            

            Improved or

            Unimproved	If
            Improved, 

            Type of 

            Improvements	Use
            of Property	Approximate
            

            Value
	19300 S.
          Tamiami Trail

          Fort Myers, FL 33908

          (Lee County)	Improved	Sales offices, service and parts warehouse	Marina Mike’s

          retail sale of new and used boats in Fort Myers, FL	$1,200,000
	102 Mastic
          Street

          Islamorada, FL 33036

          (Monroe County)	Improved	Marina apartments and other storage	Caribee Boat Sales & Marina storage and
          additional marina property	$1,897,000

   

  The following is a list of all Leasehold Properties other than those with respect to which the aggregate payments under the term of the lease are less than $35,000
    per annum, and any other Real Estate Asset that Requisite Lenders have determined is material to the business, operations, properties, assets, condition (financial or otherwise) or prospects of Holdings or any Subsidiary.

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	3977 Highway 59 South 

          Gulf Shores, AL 36542

          (Baldwin County)	
          Legendary Marine Alabama, LLC 

          

          4100 Legendary Dr.

            Suite 200

            Destin, FL 32541

           

        	Improved	Showroom & sales offices	
          Legendary Marine

            (Gulf Shores) – 

          

          Retail sale of new boats in Gulf Shores, Alabama 

          

          pursuant to that Lease Agreement, dated August 1, 2014, subject to its Assignment to LAO, dated October 1, 2014, and subject to Addendum No. 1, dated July 1,
            2015

           

        
	28791 US Highway 98 

          Daphne, AL 36526

          (Baldwin County)	
          A Proper Wash, LLC 

          

          145 Highpoint Dr.

            Gulf Breeze, FL 32561

           

        	Improved	Showroom & sales offices	
          Sunrise Marine of Alabama – 

          

          Retail sale of new boats in Gulf Shores, Alabama 

          

          pursuant to that Lease Agreement, dated November 1, 2016

           

        
	486 Parker Creek

          Marina Road

          Equality, AL 36026

          (Coosa County)	
          WillAnn, LLC 

          

          7280 Hwy 49 South

            Dadeville, AL 36853

           

        	Improved	Storage space, service garage, marine store	
          SMG Parker Creek – 

          

          Service department, merchandise store & boat storage on Lake Martin in Alabama (no boat sales) 

          

          pursuant to that Commercial Lease Agreement, dated July 24, 2014

           

        
	15904 Hwy 231-431 N.

          Hazel Green, AL 35750

          (Madison County)	
          Rambo HG Properties, LLC 

          

          17 Lake Forest Blvd SE

            Huntsville, AL 35824

           

        	Improved	Showroom & sales offices	
          Rambo (Huntsville) – 

          

          Retail sale of new boats near Huntsville, Alabama 

          

          pursuant to that Lease Agreement, dated July 1, 2015

           

        
	10396 Highway 280 East

          Westover, AL 35185

          (Shelby County)	
           

          Rambo BHM

            Properties, LLC 

          

          17 Lake Forest Blvd SE

            Huntsville, AL 35824

           

        	Improved	Showroom & sales offices	
          Rambo (Birmingham) – 

          

          Retail sale of new boats near Birmingham, Alabama 

          

          pursuant to that Lease Agreement, dated July 1, 2015

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	1-acre parcel adjacent to: 

          10396 Highway 280 East

          Westover, AL 35185

          (Shelby County)	
          Rambo BHM

            Properties, L.L.C. 

          

          17 Lake Forest Blvd SE

            Huntsville, AL 35824

           

        	Un-improved	N/A	
          Rambo (Birmingham) – 

          

          storage of boat inventory for retail sale at the adjacent lot near Birmingham, Alabama 

          

          pursuant to that Lease Agreement, dated July 1, 2015

           

        
	7280 Highway 49 South

          Dadeville, AL 36853

          (Tallapoosa County)	
          WillAnn, LLC 

          

          7280 Hwy 49 South

            Dadeville, AL 36853

           

        	Improved	Showroom, sales offices & storage	
          SMG Blue Creek Marina – 

          

          Retail sale of new boats on Lake Martin in Alabama 

          

          pursuant to that Commercial Lease Agreement, dated July 24, 2014

           

        
	5792 Highway 49 South

          Dadeville, AL 36853

          (Tallapoosa County)	
          Lord Genesh, Inc. 

          

          1402 Hwy 31

            Bay Minette, AL 36507

           

        	Un-improved	N/A -

          (trailer office used)	
          SMG Used Boat Supercenter

            (Lake Martin) – 

          

          Retail sale of pre-owned boats near Lake Martin in Alabama 

          

          pursuant to that Lease Agreement, dated March 16, 2017

           

        
	3829 Thomas Drive 

          Panama City, FL 32408

          (Bay County)	
          3829 Thomas Drive, LLC 

          

          4471 Legendary Dr.

            Destin, FL 32541

           

        	Improved	Showroom & sales offices	
          Legendary Marine 

            (Panama City) – 

          

          Old retail sale of new boats in Panama City, Florida 

          

          pursuant to that Lease Agreement, dated April 1, 2017

           

        
	4009 Thomas Drive 

          Panama City, FL 32408

          (Bay County)	
          4009 Thomas Drive, LLC 

          

          4471 Legendary Dr.

            Destin, FL 32541

           

        	Improved	Showroom & sales offices	
          Legendary Marine (Panama City) – 

          

          New retail sale of new boats in Panama City, Florida 

          

          pursuant to that Lease Agreement, dated April 1, 2016

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	491 South Federal Hwy

          Pompano Bch, FL 33062

          (Broward County)	
           

          LAC Marine Corp. 

          

          1719 SE 13th St.

            Ft. Lauderdale, FL 33316 

          

          & 

          

          1325 East Lake Dr.

            Ft. Lauderdale, FL 33316

           

        	Improved	Showroom & sales offices	
          SunDance Marine (Pompano Beach) – 

          

          Retail sale of new and pre-owned boats in Pompano Beach, Florida 

          

          pursuant to that Lease Agreement, dated February 1, 2016

           

        
	2660 Northeast 16th St.

          Pompano Bch, FL 33062

          (Broward County)	
          MMJC Realty, LLC 

          

          1719 SE 13th St.

            Ft. Lauderdale, FL 33316 

          

          & 

          

          1325 East Lake Dr.

            Ft. Lauderdale, FL 33316

           

        	Improved	Docks and slips	
          SunDance Marine (Pompano Beach) – 

          

          In-water new, pre-owned and brokered boat access in Pompano Beach, Florida 

          

          pursuant to that Lease Agreement, dated February 1, 2016

           

        
	2051 Griffin Road

          Ft Lauderdale, FL 33312

          (Broward County)	
          2051 Griffin Road, LLC 

          

          2200 N 30 Rd

            Hollywood, FL 33021

           

        	Improved	Service building and storage	
          SunDance Marine (Ft. Lauderdale) – 

          

          Full service department and storage on water in Ft. Lauderdale, Florida 

          

          pursuant to that Lease Agreement, dated November 14, 2014, subject to addendum, dated February 10, 2016

           

        
	801 NE Third St. 

             or

          821 NE Third St. 

          Dania Beach, FL 33004

          (Broward County)	
          Harbour Towne

            Marina, LLC 

          

          c/o Westrec

            Marina Mgmt., Inc. 

          

          16633 Ventura Blvd.

            6th Floor

            Encino, CA 91436

           

        	Improved	Retail office suite and marina slips	
          Grande Yachts (Dania Beach / Ft. Lauderdale) – 

          

          new boat sales location in Ft. Lauderdale, Florida 

          

          pursuant to that Lease, dated March 1, 2017

           

        
	2600 N. Federal Hwy.

          Lighthouse Pt, FL 33064

          (Broward County)	
          OBYS Holdings, LLC 

          

          821 SW Pine Tree Ln.

            Palm City, FL 34990

           

        	Improved	Showroom & sales offices	
          Ocean Blue Yacht Sales

            Retail sale of new boats in Broward Co., Florida 

          

          pursuant to that Lease Agreement, dated February 1, 2019.

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	84 W Airport Blvd.

          Pensacola, FL 32503

          (Escambia County)	
          84 W. Airport, LLC 

          

          2629 Del Mar Dr.

            Gulf Breeze, FL 32563

           

        	Improved	Showroom & sales offices	
          Legendary Marine (Pensacola) – 

          

          Retail sale of new boats in Pensacola, Florida 

          

          pursuant to that Lease Agreement, dated October 13, 2016.

           

        
	16171 Pine Ridge Rd.

          Unit B3-1 

          Ft. Myers, FL 33908

          (Lee County)	
          Ozinus Pine Ridge, LLC 

          

          12481 Brantley Common

            Ft. Myers, FL 33907

           

        	Improved	Storage	
          Marina Mike’s - Ft. Myers (storage warehouse) – 

          

          pursuant to that Lease Agreement, dated June 15, 2017

           

        
	3301 NE Indian River Dr.

          Jensen Beach, FL 34957

          (Martin County)	
          Sundance

            Marine Dixie, Inc. 

          

          1719 SE 13th St.

            Ft. Lauderdale, FL 33316 

          

          & 

          

          1325 East Lake Dr.

            Ft. Lauderdale, FL 33316

           

        	Un-improved	Parking lot	
          SunDance Marine

            (Jensen Beach) – 

          

          Retail sale of new boats and service department on water in Jensen Beach, Florida 

          

          pursuant to that Lease Agreement, dated February 1, 2016, which covers both: 

          

          3301 NE Indian River Dr.

            Jensen Beach, FL 34957 

          

          & 

          

          3321 NE Indian River Dr.

            Jensen Beach, FL 34957

           

        
	3321 NE Indian River Dr.

          Jensen Beach, FL 34957

          (Martin County)	
          Indian River Drive, Inc. 

          

          1719 SE 13th St.

            Ft. Lauderdale, FL 33316 

          

          & 

          

          1325 East Lake Dr.

            Ft. Lauderdale, FL 33316

           

        	Improved	Showroom, sales offices and marina	
          SunDance Marine

            (Jensen Beach) – 

          

          Retail sale of new boats and service department on water in Jensen Beach, Florida pursuant to that Lease Agreement, dated February 1, 2016, which covers both:

          3301 NE Indian River Dr.

            Jensen Beach, FL 34957 

          

          & 

          

          3321 NE Indian River Dr.

            Jensen Beach, FL 34957 

          

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	420 S.W. Federal Hwy. Stuart, FL 34994

          (Martin County)	
          DB South Florida

            Properties, LLC 

          

          821 SW Pine Tree Ln.

            Palm City, FL 34990

           

        	Improved	Showroom and sales offices	
          Ocean Blue Yacht Sales

            Retail sale of new boats in Martin Co., Florida 

          

          pursuant to that Lease Agreement, dated February 1, 2019.

           

        
	9595 NW 7th Avenue

          Miami, FL 33150

          (Miami-Dade County)	
          Ibanez Investment

            Group, Inc. 

          

          P.O. Box 614417

            North Miami, FL 33261

           

        	Improved	Showroom & sales offices	
          SunDance Marine (Miami) – 

          

          Retail sale of new boats in Miami, Florida 

          

          pursuant to that Lease Agreement, dated June 10, 2016

           

        
	2550 S. Bayshore Dr. 

          Coconut Grove, FL 33133

          (Miami-Dade County)	
          Aligned Bayshore

            Marina, LLC 

          

          2550 S. Bayshore Dr.

            Coconut Grove, FL 33133

           

        	Improved	Retail office space	
          Grande Yachts (Miami)- 

          

          new boat sales location in Miami, Florida 

          

          pursuant to that Lease Agreement, dated September 3, 2017

           

        
	4601 Legendary Marina

          Drive Destin, FL 32541

          (Okaloosa County)	
          LYC Destin, LLC 

          

          4100 Legendary Dr.

            Suite 200

            Destin, FL 32541

           

        	Improved	Showroom, sales offices & storage	
          Legendary Marine (Destin) – 

          

          Retail sale of new boats, full service & boat storage on water in Destin, Florida 

          

          pursuant to that Lease Agreement, dated October 1, 2014

           

        
	2620 Lakeshore Dr.

          Riviera Beach, FL 33404

          (Palm Beach County)	
          Riviera Beach SMI, LLC 

          

          17330 Preston Rd.

            Suite 220A

            Dallas, TX 75252

           

        	Improved	Showroom, sales offices	Ocean Blue Yacht Sales

          Retail sale of new boats in Palm Beach County, Florida pursuant to that Lease Agreement, dated September 7, 2017, which Ocean Blue Yacht Sales assigned, with Landlord’s consent, on February 25, 2019
	1095 N. Hwy A1A 

          Jupiter, FL 33477

          (Palm Beach County)	
          Jupiter Inlet Marina, LLC 

          

          1095 N. Hwy A1A

            Jupiter, FL 33477

           

        	Improved	Slip & sales office	
          Grande Yachts

            (Jupiter Inlet) – 

          

          pursuant to that Lease Agreement, dated May 17, 2017

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	9300 Emerald 

          Coast Parkway

          Miramar Bch, FL 32550

          (Walton County)	
          Sandestin Investments, LLC 

          

          c/o Sandestin Real Estate

            9300 Emerald Coast Pkwy

            Miramar Beach, FL 32550

           

        	Improved	bait & tackle shop	
          Legendary Marine

            (Miramar Beach) – 

          

          350 sq. ft. shack selling bait and tackle in Sandestin’s Baytown Marina in Miramar, Florida (no boats sales; intended to cross-market sales at other locations)
            

          

          pursuant to that Lease Agreement, dated March 1, 2016

           

        
	5820 Lake Oconee Pkwy

          Greensboro, GA 30642

          (Greene County)	
          Boats with Gusto, LLC 

          

          5820 Lake Oconee Pkwy

            Greensboro, GA 30642

           

        	Improved	Showroom	
          SMG at Lake Oconee – 

          

          Retail sale of new boats near Lake Oconee in Georgia 

          

          pursuant to that Lease Agreement, dated October 13, 2014

           

        
	5529 Lanier Islands Pkwy

          Buford, GA 30518 

          (Hall County)	
          AnnWill, LLC 

          

          7280 Hwy 49 South

            Dadeville, AL 36853

           

        	Improved	Showroom & sales offices	
          Cobalt Boats of Atlanta (Lake Lanier) – 

          

          Retail sale of new boats near Lake Lanier in Georgia 

          

          pursuant to that Commercial Lease Agreement, dated July 24, 2014

           

        
	adjacent to preceding prop.

          McEver Road

          Buford, GA 30518

          (Hall County)	
          CBD Investments, LLC 

          

          Two Ravinia Dr. Ste. 850

            Atlanta, GA 30346

           

        	Un-improved	N/A	
          Cobalt Boats of Atlanta (Lake Lanier) – 

          

          Inventory storage for Cobalt Boats of Atlanta above (no boat sales) 

          

          pursuant to that Lease Agreement, dated August 8, 2014

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	6900 Lanier Islands Pkwy

          Buford, GA 30518 

          (Hall County)	
          PS Marinas I, LP

            c/o Westrec Marina

            Management, Inc. 

          

          16633 Ventura Blvd.

            6th Floor

            Encino, CA 91436

           

        	Improved	Showroom, sales offices & marina	
          Yacht Center of Lake Lanier Islands – 

          

          Yacht sales on Lake Lanier in Georgia 

          

          pursuant to that Lease Agreement, dated March 1, 2010, as amended May 31, 2012, as amended April 15, 2013, as amended July 24, 2015, subject to assignment,
            dated October 1, 2016

           

        
	6900 Lanier Islands Pkwy

          Buford, GA 30518 

          (Hall County)	
          PS Marinas I, LP

            c/o Westrec Marina

            Management, Inc. 

          

          16633 Ventura Blvd.

            6th Floor

            Encino, CA 91436

           

        	Improved	Corporate offices	
          Yacht Center of Lake Lanier Islands – 

          

          Yacht sales on Lake Lanier in Georgia 

          

          pursuant to that Lease Agreement, dated April 1, 2017

           

        
	6700 Lanier Islands Pkwy

          Buford, GA 30518 

          (Hall County)	
          Holiday Marina, LLC

            c/o Westrec Marina

            Management., Inc. 

          

          16633 Ventura Blvd.

            6th Floor

            Encino, CA 91436

           

        	Improved	Service garage & parts storage	
          Lazy Days at Holiday Marina – 

          

          on-water boat service on Lake Lanier, in Georgia 

          

          pursuant to that Lease Agreement, dated July 1, 2016

           

        
	6275 Lanier Islands Pkwy

          Buford, GA 30518 

          (Hall County)	
          Linda C. Singleton, LLC 

          

          2876 Hamilton Rd

            Auburn, AL 36830

           

        	Improved	Corporate office & service garage	
          OWMH Corp. Headquarters (Lake Lanier) – 

          

          corporate offices and used-boat reconditioning near Lake Lanier in Georgia (no boat sales) 

          

          pursuant to that Commercial Lease Agreement, dated July 24, 2014

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	3149 Shoreland Dr.

          Buford, GA 30518 

          (Hall County)	
          Blue Creek Marina, LLC 

          

          2876 Hamilton Rd

            Auburn, AL 36830

           

        	Improved	Showroom & sales offices	
          SMG Used Boat Supercenter

            (Lake Lanier) – 

          

          Retail sale of pre-owned boats near Lake Lanier in Georgia 

          

          pursuant to that Commercial Lease Agreement, dated July 24, 2014

           

        
	6516 Lanier Islands Pkwy

          Buford, GA 30518 

          (Hall County)	
          Lawrence Sosnow

            & Sharon Sosnow 

          

          5563 Brendlynn Dr.

            Suwannee, GA 30024

           

        	Improved	Sales office	
          American Boat Brokers

            (Lake Lanier) – 

          

          Retail sale of pre-owned boats near Lake Lanier in Georgia 

          

          pursuant to that Lease Agreement, dated March 31, 2015

           

        
	45 Bartlett Ferry Road

          Fortson, GA 31808

          (Harris County)	
          Sing Properties, LLC 

          

          2876 Hamilton Rd

            Auburn, AL 36830

           

        	Improved	Showroom & sales offices	
          SMG Lake Harding – 

          

          Retail sale of pre-owned boats near Lake Harding in Georgia 

          

          pursuant to that Commercial Lease Agreement, dated May 1, 2015

           

        
	2540 E. Highway 90

          Bronston, KY 42518

          (Pulaski County)	
          Jimmy and Ruth Troxtell 

          

          228 Club House Dr.

            Monticello, KY 42633

           

        	Improved	Service building and storage	
          Lookout Marine – 

          

          Full service department and storage near Lake Cumberland in Kentucky

          pursuant to that Lease Agreement, dated June 1, 2016

           

        
	6590 S. Highway 27 

          Somerset, KY 42501

          (Pulaski County)	
          Jimmy and Ruth Troxtell 

          

          228 Club House Dr.

            Monticello, KY 42633

           

        	Improved	Showroom & sales offices	
          Lookout Marine –

          Retail sale of new boats near Lake Cumberland in Kentucky 

          

          pursuant to that Lease Agreement, dated June 1, 2016

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	
          100 Falmouth Road

            Mashpee, MA 02649

            (Barnstable County) 

          

               & 

          

          0 Falmouth Road

            Mashpee, MA 02649

            (Barnstable County) 

          

              & 

          

          17 Bowdoin Road

            Mashpee, MA 02649

            (Barnstable County)

           

        	
          T & C NOMINEE TRUST

            u/d/t dated Sept. 22, 2010 

          

          61 Amy Brown Road

            Mashpee, MA 02649

           

        	Improved	Showroom, sales office, and service	
          Bosun’s Marine

            (Cape Cod Showroom) – 

          

          Retail sale of new and used boats, showroom and full service department in Mashpee, Massachusetts 

          

          pursuant to that Lease Agreement, dated June 1, 2018

           

        
	
          205 Newbury Street

            Peabody, MA 01960

            (Essex County) 

          

               & 

          

          207 Newbury Street

            Peabody, MA 01960

            (Essex County)

           

        	
          BOSUN’S NEWBURY NOMINEE TRUST

            u/d/t dated Aug. 2, 2006 

          

          61 Amy Brown Road

            Mashpee, MA 02649

           

        	Improved	Showroom, sales office, and service	
          Bosun’s Marine

            (Boston/North Shore) – 

          

          Retail sale of new and used boats, showroom and full service department in Peabody, Massachusetts 

          

          pursuant to that Lease Agreement, dated June 1, 2018

           

        
	1209 E. Falmouth Hwy.

          East Falmouth, MA 02536

          (Barnstable County)	
          R & G REALTY TRUST

            u/d/t dated Dec. 6, 2011 

          

          61 Amy Brown Road

            Mashpee, MA 02649

           

        	Improved	Sales office, service, and marina	
          Bosun’s Marine

            (East Falmouth Marina)- 

          

          Retail sale of new and used boats, and full service & boat storage on water in East Falmouth, Massachusetts 

          

          pursuant to that Lease Agreement, dated June 1, 2018

           

        
	21 Frog Pond Close

          Mashpee, MA 02649

          (Barnstable County)	
          SHOESTRING BAY

            NOMINEE TRUST

            u/d/t dated Dec. 12, 2001 

          

          61 Amy Brown Rd.

            Mashpee, MA 02649

           

        	Improved	Slip rental	
          Bosun’s Marine

            (Mashpee Neck Marina) – 

          

          Retail slips and on water boat storage in Mashpee, Massachusetts 

          

          pursuant to that Lease Agreement, dated June 1, 2018

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	411 Winchester Creek Rd. 

          Grasonville, MD  21638

          (Queen Anne’s County)	
          GYI, LLC 

          

          183 Prince George St.

            Annapolis, MD 21401

           

        	Improved	Showroom, sales offices, service garage, and marina	
          Grande Yachts (HQ / Grasonville) – 

          

          Retail sale of new and used boats, full service & boat storage on water in Grasonville, Maryland 

          

          pursuant to that Lease Agreement, dated March 1, 2017

           

        
	301 Pier One Road

          Stevensville, MD  21666

          (Queen Anne’s County)	
          Great American

            Life Insurance Co.

            c/o Property Brothers Management Corp. 

          

          357 Pier One Road

            Stevensville, MD 21666

           

        	Improved	Retail sales office and marina slips	
          Grande Yachts (Stevensville / Annapolis) – 

          

          Retail sale of new and used boats on water near Annapolis, Maryland 

          

          pursuant to that Lease for Commercial Office Space at Bay Bridge Marina, dated May 1, 2015, as amended by the First Amendment to Lease for Commercial Office
            Space at Bay Bridge Marina, dated February 1, 2016, and the Second Amendment to Lease for Commercial Office Space at Bay Bridge Marina, dated March 1, 2017

           

        
	1 Icard Lane

          New Rochelle, NY 10805

          (Westchester County)	
          Giacobbe Enterprises, Inc. 

          

          583 Davenport Ave.

            New Rochelle, NY 10805

           

        	Improved	Retail sales office	
          Grande Yachts (New York) – 

          

          Retail sale of new and used boats on water near New York City 

          

          pursuant to that Lease Agreement, dated April 25, 2017

           

        
	1322 & 1324 Airlie Rd.

          Wilmington, NC  28403

          (New Hanover County)	
          Crocker’s Landing

            Association, Inc. 

          

          P.O. Box 1304

            Wrightsville, NC 28480

           

        	Improved	Retail sales office and marina slips	
          Grande Yachts (Wilmington) – 

          

          Retail sale of new and used boats on water near Wrightsville Beach, North Carolina 

          

          pursuant to that Commercial Lease Agreement, dated April 1, 2017

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	1611 Sawmill Parkway

          Huron, OH 44839 

          (Erie County)	
          Three SeaSons

            Partners, LLC 

          

          26600 Jefferson Ct.

            Bay Village, OH 44140

           

        	Improved	Showroom, sales offices, service, and storage facilities	
          South Shore Marine – 

          

          Retail sale of new and used boats near the water in Huron, Ohio 

          

          pursuant to that Commercial Lease Agreement, dated August 1, 2017

           

        
	
          9481 State Route 708 N.

            Lakeview, OH 43331

            (Logan County) 

          

               & 

          

          9488 State Route 708

            Lakeview, OH 43331

            (Logan County) 

          

               & 

          

          9494 State Route 708

            Lakeview, OH 43331

            (Logan County) 

          

               & 

          

          9506 State Route 708

            Lakeview, OH 43331

            (Logan County) 

          

               & 

          

          9637 State Route 235 N.

            Lakeview, OH 43348

            (Logan County) 

          

               & 

          

          8967 Court St.

            Lakeview, OH 43331

            (Logan County) 

          

               & 

          

          Chestnut St.

            Lakeview, OH 43331

            (Logan County) 

          

               & 

          

          8852 Chautauqua Blvd.

            Lakeview, OH 43331

            (Logan County) 

          

               & 

          

          8866 Chautauqua Blvd.

            Lakeview, OH 43331

            (Logan County) 

          

               & 

          

          8875 Chautauqua Blvd.

            Lakeview, OH 43331

            (Logan County) 

          

               & 

          

          525 Washington Ave.

            Russells Point, OH 43348

            (Logan County) 

          

               & 

          

          539 Washington Ave.

            Russells Point, OH 43348

            (Logan County)

           

        	
          REBO, Inc. 

          

          9481 State Route 708 N.

            Lakeview, OH 43331

           

        	Improved	Showroom, sales offices, service department and garage, dry storage, wet slips, other
          storage facilities, and multiple RV trailer or mobile home lots	
          Spend A Day Marina – 

          

          Retail sale of new and used boats, rental boats, rental RV lots, full service garage, and boat storage on and off water on Indian Lake in Ohio 

          

          pursuant to that Commercial Lease Agreement, dated April 1, 2018

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	33 Lockwood Dr. 

          Charleston, SC 29401

          (Charleston County)	
          AMH–Ashley Marina, LLC 

          

          33 Lockwood Dr.

            Charleston, SC 29401

           

        	Improved	Retail sales office	Grande Yachts (Charleston) - 

          FORMER retail sale of new and used boats on water in Charleston, South Carolina pursuant to that Office Lease Agreement, dated April 22, 2017
	24 Patriots Point Rd.

          Mt. Pleasant, SC 29464

          (Charleston County)	
          Patriots Point

            Development Authority

            c/o Brothers Property Management Corp. d/b/a

            Charleston Harbor

            Resort and Marina 

          

          20 Patriots Point Rd.

            Mt. Pleasant, SC 29464

           

        	Improved	Retail sales office	Grande Yachts (Charleston) - 

          Retail sale of new and used boats on water in Charleston, SC pursuant to that Lease Agreement, dated March 1, 2019
	3216 Highway 378

          Leesville, SC 29070 

          (Lexington County)	
          A & M Properties, LLC 

          

          210 Tom Drafts Cir.

            Gilbert, SC 29054

           

        	Improved	Showroom & sales offices	
          Captain’s Choice -

            Retail sale of new boats on Lake Murray in South Carolina 

          

          pursuant to that Lease Agreement, dated June 1, 2015

           

        
	3214 Highway 378 

          Leesville, SC 29070

          (Lexington County)	
          Edith D. Giddens Rev. Trust, dated 11/27/13 

          

          William H. Giddens Trust, dated 11/27/13

           

        	Improved	Storage adjacent to 3216 Hwy 378

          Leesville, SC 29070	
          Captain’s Choice -

            Boat storage on Lake Murray in South Carolina 

          

          pursuant to that Lease Agreement, dated January 1, 2018

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	15597 North Hwy 11

          Salem, SC 29676

          (Oconee County)	
          North Keowee Land, LLC 

          

          2876 Hamilton Rd

            Auburn, AL 36830

           

        	Improved	Showroom & sales office	
          SMG Keowee North Marine -

            Retail sale of new boats near Lake Keowee in South Carolina 

          

          pursuant to that Commercial Lease Agreement, dated July 24, 2014

           

        
	
          152 Mariner Circle

            Sunset, SC 29685

            (Pickens County) 

          

               & 

          

          135 Mariner Circle

            Sunset, SC 29685

            (Pickens County)

           

        	
          The Cliffs Club at Keowee Vineyards, LLC 

          

          341 Keowee

            Baptist Church Rd.

            Six Mile, SC 29682

           

        	Improved	Storage space, and fuel dock	
          SMG Keowee Vineyards -

            Storage, fuel sales, boat rentals on Lake Keowee in South Carolina (no boat sales) 

          

          pursuant to that Lease Agreement, dated June 13, 2013

           

        
	10439 Broad River Rd.

          Irmo, SC 29063

          (Richland County)	
          Clepper Brothers, LLC 

          

          208 Rucker Rd.

            Chapin, SC 29036 

          

          & 

          

          1016 Gates Rd.

            Irmo, SC 29063

           

        	Improved	Showroom & sales offices	
          Ray Clepper Boat Ctr – 

          

          Retail sale of new boats near Irmo, South Carolina 

          

          pursuant to that Lease Agreement, dated February 1, 2019

           

        
	1520 N. Stemmons Fwy

          Lewisville, TX 75067

          (Denton County)	
          Phil Dill Boats, Inc. 

          

          2016 Justin Rd Suite 300

            Lewisville, TX 75077 

          

          Payment via Sublandlord:

            North Keowee Land, LLC

            2876 Hamilton Rd

            Auburn, AL 36830 

          

          Leasehold rights secured through Sub-Sublandlord:

            Cobalt Boats of Atlanta, LLC 

          

          2876 Hamilton Rd

            Auburn, AL 36830

           

        	Improved	Showroom & sales offices	
          Phil Dill Boats -

            Retail sale of new boats near Dallas, Texas 

          

          pursuant to that Lease Agreement, dated October 30, 2011, subject to sublease, dated October 31, 2011, subject to sub-sublease, dated September 26, 2014

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	
          2908 N. Stemmons Fwy

            Lewisville, TX 75077 

          

          (Denton County)

           

        	
          Trett Enterprises, LLC

            (Concessionaire to 

            Army Corps of Engineers) 

          

          1 Eagle Point Road

            Lewisville, TX 75077

           

        	Improved	Showroom & sales offices	
          The Slalom Shop – 

          

          Retail sale of new boats near Dallas/Fort Worth, Texas 

          

          pursuant to that Consent to the Assignment of

            the Sales, Lease, and Operating Agreement,

            Pursuant to the Extension and Modification Agreement, dated December 1, 2018

           

        
	
          2700 NASA Rd.

            Seabrook, TX 77586

            (Harris County) 

          

               & 

          

          1921 Larrabee St.

            Seabrook, TX 77586

            (Harris County)

           

        	
          2700 NASA Parkway, LP 

          

          P.O. Box 627

            Seabrook, TX 77586

           

        	Improved	Showroom & sales offices	
          Texas Marine (Seabrook/Clear Lake) – 

          

          pursuant to that Commercial Lease Agreement, dated December 10, 2007 as amended by the First Amendment to Lease dated November 30, 2015 as amended by the
            Second Amendment to Lease dated April 28,2017

           

        
	1140 Interstate 10 N.

          Beaumont, TX 77702

          (Jefferson County)	
          JHMH REALTY, LLC -

            BEAUMONT SERIES 

          

          1140 Interstate 10 N.

            Beaumont, TX 77702

           

        	Improved	Showroom, sales offices, and service	
          Texas Marine (Beaumont) – 

          

          pursuant to that Commercial Lease Agreement, dated February 1, 2018

           

        
	
          1107 Interstate 45 S.

            Conroe, TX 77301

            (Montgomery County) 

          

               & 

          

          300 Austin Road

            Conroe, TX 77301

            (Montgomery County)

           

        	
          JHMH REALTY, LLC -

            CONROE SERIES 

          

          1140 Interstate 10 N.

            Beaumont, TX 77702

           

        	Improved	Showroom, sales offices, and service	
          Texas Marine (Conroe/Houston) – 

          

          pursuant to that Commercial Lease Agreement, dated February 1, 2018

           

        
	1219 Interstate 45 S. 

          Conroe, TX 77301

          (Montgomery County)	
          Ben Perdue 

          

          5055 Dunfries

            Houston, TX 77096

           

        	Un-improved	N/A	
          Texas Marine (Conroe/Houston) – 

          

          pursuant to that Commercial Lease Agreement, dated February 2, 2015

           

        

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	319 Post Oak Dr. 

          Conroe, TX 77301

          (Montgomery County)	
           

          

          Pine Ridge

            Apartments, LLC 

          

          407 Gladstell

            Conroe, TX 77301

           

        	Un-improved	N/A	
          Texas Marine (Conroe/Houston) – 

          

          pursuant to that Commercial Lease Agreement, dated February 1, 2018

           

        
	15096 Interstate 45 S.

          Conroe, TX 77384

          (Montgomery County)	
          Sing Properties, LLC 

          

          2876 Hamilton Rd

            Auburn, AL 36830

           

        	Improved	Showroom & sales offices	
          SMG Wake Houston – 

          

          Retail sale of new boats near Houston, Texas 

          

          pursuant to that Commercial Lease Agreement, dated July 24, 2014

           

        
	801 S. Interstate 45

          Conroe, TX 77301

          (Montgomery County)	
          Gene & Betty Wolf 

          

          PO Box 2908

            Conroe, TX 77305

           

        	Improved	Showroom & sales offices	
          SMG Texas Sport Boats – 

          

          Retail sale of new boats near Houston, Texas 

          

          pursuant to that Commercial Lease Agreement, dated October 13, 2016

           

        
	118 Lavilla Road

          Graford, TX 76449

          (Palo Pinto County)	
          Martin Properties, LLC 

          

          804 N. Shore Drive

            Lewisville, TX 75077

           

        	Improved	Showroom & sales offices	
          The Slalom Shop – 

          

          Retail sale of new boats near Dallas/Fort Worth, Texas on Possum Kingdom Lake

           

        
	
          1460 Hwy 98 West (Okaloosa County) 

          

          or 

          

          1450 Highway 98 W. Mary Esther, FL 32569 (Okaloosa County) 

          

          & 

          

          1 Rush Road 

          

          Mary Esther, FL 32569 

          

          (Okaloosa County)

           

        	
          OWM Mary Esther FL Landlord, LLC

            c/o SunTrust Equity Funding, LLC 

          

          3333 Peachtree Road, NE, 10th Floor 

          

          MC 3951 

          

          Atlanta, Georgia 30326 

          

          Attention: Lachlan Carlyle

           

        	Improved	Sales offices, service and parts warehouse	Destin Marine Sunrise Marine’s service and retail sales of new and used boats in
          Destin, Florida

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	651 South Federal Hwy. Pompano Beach, FL 33060	
          OWM Pompano Beach FL Landlord, LLC

            c/o SunTrust Equity Funding, LLC 

          

          3333 Peachtree Road, NE, 10th Floor 

          

          MC 3951 

          

          Atlanta, Georgia 30326 

          

          Attention: Lachlan Carlyle

           

        	Improved	Sales offices, service and parts warehouse 	Grande Yacht’s retail sales location in Pompano Beach, FL (former Top Notch
            location)
	
          81500 Overseas Hwy, Islamorada FL 33060

            (Broward County) 

          

          101 Mastic Street Islamorada, FL 33036

            (Monroe County)

           

        	
          OWM Islamorada FL Landlord, LLC 

          

          c/o SunTrust Equity Funding, LLC 

          

          3333 Peachtree Road, NE, 10th Floor 

          

          MC 3951 

          

          Atlanta, Georgia 30326 

          

          Attention: Lachlan Carlyle

           

        	Improved	Sales offices, services and parts warehouse	Caribee Boat Sales & Marina retail sales, storage and marina in Islamorada, FL
	100 Ridge Rd. Canton, GA  30114

          (Cherokee County)	
          OWM Canton GA Landlord, LLC

            c/o SunTrust Equity Funding, LLC 

          

          3333 Peachtree Road, NE, 10th Floor 

          

          MC 3951 

          

          Atlanta, Georgia 30326 

          

          Attention: Lachlan Carlyle

           

        	Improved	Sales offices, services and parts warehouse	Singleton Marine Lake Allatoona retail sales, service & parts location
	
          2501 72nd St. N 

          

          St. Petersburg, FL 33707 

          

          (Pinellas County)

           

        	Central Marine Service, Inc.

          7977 9th Ave.

          South St Petersburg, FL 33707

          Attention: William A. Geiger, Jr.

          

        	Improved	Sales offices, services and parts warehouse	Central Marine Boat Sales & Marina retail sales, storage and marina in St.
          Petersburg, FL

   

   

  
    
      
 

  

   

  	Complete Address
            (including county)	Owner/Landlord’s Name and Complete Address	Whether Improved or Un-improved	If Improved, Type	Use of Property
	
           

          

          3515 Tyrone Blvd N 

          

          St. Petersburg, FL 

          

          33707 

          

          (Pinellas County) 

          

          & 

          

          3535 Tyrone Blvd N 

          

          St. Petersburg, FL 

          

          33707 

          

          (Pinellas County) 

          

          & 

          

          3545 Tyrone Blvd N 

          

          St. Petersburg, FL 

          

          33707 (Pinellas County)

           

        	Central Marine Service, Inc.

          7977 9th Ave.

          South St Petersburg, FL 33707

          Attention: William A. Geiger, Jr.	Improved	Sales offices, services and parts warehouse	Central Marine Boat Sales & Marina retail sales, storage and marina
          in St. Petersburg, FL
	
          200 NW Alice Ave. 

          

          Stuart, FL 34994 

          

          (Martin County)

           

        	Central Marine Properties East, LLC

          7977 9th Ave.

          South St Petersburg, FL 33707

          Attention: William A. Geiger, Jr.	Improved	Sales offices, services and parts warehouse	Central Marine Properties East Boat Sales & Marina retail sales, storage and
          marina in Stuart, FL

   

   

  
    
      
 

  

  

  

  Schedule 1.1(b)

   

  Closing Date EBITDA Adjustment

   

  OneWater Marine Holdings 

   
  EBITDA Reconciliation 

   
  June 30, 2019

   

  	Consolidated Financials ($000)	May 2018	Jun 2018	Jul 2018	Aug 2018	Sep 2018	Oct 2018	Nov 2018	Dec 2018	Jan 2019	Feb 2019	Mar 2019	Apr 2019	May 2019	Jun 2019	TTM
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Adjustments to EBITDA:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Permitted Addbacks (ii) Warrant or Preferred Holders	 	 	-	1.9	163.1	-	-	26.5	-	223.7	2.6	-	-	3.2	420.9
	Permitted Addbacks (iv) Other	 	 	55.9	15.4	304.6	293.7	147.1	25.1	225.0	(28.0)	26.2	33.9	383.3	18.0	1,500.2
	Non-cash Revaluation of Warrants	 	 	-	-	6,004.4	-	-	(4,694.8)	-	-	12,294.8	-	-	-	13,604.4
	Board of Director fees	 	 	25.0	25.0	25.0	25.0	25.0	25.0	25.0	25.0	25.0	25.0	25.0	25.0	300.0
	Consulting agreement (Rambo-Term no earlier than 7/1/18)	 	 	12.5	12.5	12.5	12.5	12.5	12.5	12.5	12.5	12.5	12.5	12.5	12.5	150.5
	Consulting agreement (Sundance-Term no earlier than 2/1/18)	 	 	25.0	25.0	25.0	25.0	25.0	25.0	25.0	25.0	25.0	25.0	25.0	25.0	300.0
	Consulting agreement (Sunrise-Term no earlier than 11/1/21)	 	 	16.7	16.7	16.7	16.7	16.7	16.7	16.7	16.7	16.7	16.7	16.7	16.7	200.0
	Consulting agreement (Lookout-Term no earlier than 6/1/23)	 	 	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	79.0
	Owner equity draws	 	 	(25.0)	(25.0)	(25.0)	(25.0)	(25.0)	(25.0)	(25.0)	(25.0)	(25.0)	(25.0)	(25.0)	(25.0)	(300.0)
	Adjustments	 	 	116.7	78.1	6,532.9	354.5	207.9	(4,582.5)	285.8	256.5	12,384.4	94.7	444.1	82.0	16,255.1
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Adjusted EBITDA	 	 	4,618.1	6,657.5	325.3	82.2	3,026.2	(1,926.5)	1,078.8	3,286.9	7,981.5	7,348.6	8,097.3	10,119.8	50,695.8
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Acquisition Target	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Caribee (to be acquired 5.1.19) EBITDA	227	198	395	451	232	329	248	(1,000)	103	157	521	503	 	 	2,364
	Caribee- QofE adjustments	(128) 	(31)	12	(201)	29	(6)	23	434	9	(6)	(29)	95	 	 	201
	Caribee - Company Adjustments	13.0	25.0	33.0	20.0	26.0	23.0 	-	-	-	-	-	-	 	 	140
	 	112 	192	440	270	287	346	271	(566)	112	151	492	598	-	-	2,705
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	EBITDA after Caribee	112.3 	191.8	5,057.7	6,927.1	612.1	428.0	3,297.4	(2,492.0)	1,190.9	3,438.1	8,473.2	7,946.6	8,097.3	10,119.8	53,400.4

   

   

  
    
      
 

  

  Schedule 4.13(b)

   

  Real Estate Assets

   

  The following is a list of all Real Estate Assets owned by Holdings and its Subsidiaries in fee-simple:

   

  	Complete Address (including county)	Whether Improved or Unimproved	If Improved, Type of Improvements	Use of Property	Approximate Value
	19300 S. Tamiami Trail

          Fort Myers, FL 33908

          (Lee County)	Improved	Sales offices, service and parts warehouse	Marina Mike’s

          retail sale of new boats in Fort Myers, FL	$1,200,000
	
           

          

          102 Mastic Street

            Islamorada, FL 33036

            (Monroe County)

           

            

        	Improved	Marina apartments and other storage	Caribee Boat Sales & Marina storage and additional marina property	$1,897,000

   

  The following is a list of all leases, subleases or assignments of leases (together with all amendments, modifications, supplements, renewals or
    extensions of any thereof) affecting each Real Estate Asset of any Credit Party, regardless of whether such Credit Party is the landlord or tenant (whether directly or as an assignee or successor in interest) under such lease, sublease or assignment:

   

  	Description of Instrument	Address of the 

          Subject Real Estate

          (including county)	Lessor’s Name 

          and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Lease Agreement, dated Aug. 1, 2014

          (subject to its Addendum No. 1, dated July 1, 2015)	3977 Hwy 59 S.

          Gulf Shores, AL 36542

          (Baldwin County)	Legendary Marine 

          Alabama, LLC

          (Owner & Landlord)	One Water Marine Holdings, LLC

          (Tenant & Assignor)	10/01/2014	9/30/2029	NONE
	Assignment and Assumption of Lease, dated October 1, 2014	SAME AS ABOVE	One Water Marine Holdings, LLC

          (Assignor)	Legendary Assets & Operations, LLC

          (Assignee)	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE
	Lease Agreement, dated Nov. 1, 2016	28791 US Hwy 98 

          Daphne, AL 36526

          (Baldwin County)	A Proper Wash, LLC

          (Owner & Landlord)	Legendary Assets & Operations, LLC

          (Tenant)	11/01/2016	11/01/2021	two 5-year extensions
	Lease Agreement, dated March 13, 2016	27844 Canal Road

          Orange Beach, AL 36561

          (Baldwin County)	Sportsman Marina, LP

          (Owner and Landlord)	
          Legendary Assets & Operations, LLC 

          

          (Tenant)

           

        	03/13/2016	Month-to-month	NONE

   

   

  
    
      
 

  

  	Description of Instrument	Address of the 

          Subject Real Estate

          (including county)	Lessor’s Name 

          and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Commercial Lease Agreement, dated July 24, 2014	486 Parker Creek Marina Rd.

          Equality, AL 36026

          (Coosa County)	WillAnn, LLC

          (Owner and Lessor)	Singleton Assets & Operations, LLC

          (Lessee)	08/01/2014	07/31/2029	NONE
	Land and Building Lease Agreement, dated July 1, 2015	15904 Hwy 231-431 N.

          Hazel Green, AL 35750

          (Madison County)	Rambo HG 

          Properties, LLC

          (Owner and Landlord)	Singleton Assets & Operations, LLC

          (Tenant)	07/01/2015	06/30/2030	two 5-year extensions
	Land and Building Lease Agreement, dated July 1, 2015	10396 Highway 280 E.

          Westover, AL 35185

          (Shelby County)	Rambo BHM 

          Properties, LLC

          (Owner and Landlord)	Singleton Assets & Operations, LLC

          (Tenant)	07/01/2015	06/30/2030	two 5-year extensions
	Land and Building Lease Agreement, dated August 1, 2015	One Acre adjacent to:

          10396 Highway 280 E.

          Westover, AL 35185

          (Shelby County)	Rambo BHM 

          Properties, LLC

          (Owner and Landlord)	Singleton Assets & Operations, LLC

          (Tenant)	07/01/2015	06/30/2030	two 5-year extensions
	Commercial Lease Agreement, dated July 24, 2014	7280 Highway 49 S. 

          Dadeville, AL 36853

          (Tallapoosa County)	WillAnn, LLC

          (Owner and Lessor)	Singleton Assets & Operations, LLC

          (Lessee)	08/01/2014	07/31/2029	NONE
	Real Property Lease Agreement, dated March 16, 2017	5792 Highway 49 S. 

          Dadeville, AL 36853

          (Tallapoosa County)	Lord Genesh, Inc.

          (Owner and Landlord)	Singleton Assets & Operations, LLC

          (Tenant)	03/16/2017	03/16/2019	one 2-year extension
	Lease Agreement and Option to Purchase, dated April 1, 2017	3829 Thomas Dr.

          Panama City, FL 32408

          (Bay County)	3829 Thomas 

          Drive, LLC

          (Owner and Landlord)	Legendary Assets & Operations, LLC

          (Tenant)	04/01/2017	3/31/2032	two 5-year extensions
	Lease Agreement and Option to Purchase, dated April 1, 2017	4009 Thomas Dr. 

          Panama City, FL 32408

          (Bay County)	4009 Thomas 

          Drive, LLC

          (Owner and Landlord)	Legendary Assets & Operations, LLC

          (Tenant)	04/01/2017	04/01/2032	two 5-year extensions
	Amendment to April 1, 2017 Lease, dated July 1, 2017	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE	07/01/2017	04/01/2032	SAME AS ABOVE
	Triple Net Lease Agreement, dated February 1, 2016	491 S. Federal Hwy

          Pompano Beach, FL 33062

          (Broward County)	LAC Marine Corp.

          (Owner and Landlord)	One Water Marine Holdings, LLC

          (Tenant)	02/01/2016	01/31/2026	one 5-year renewal option
	Triple Net Lease Agreement, dated February 1, 2016	2660 Northeast 16th St.

          Pompano Beach, FL 33062

          (Broward County)	MMJC Realty, LLC

          (Owner and Landlord)	One Water Marine Holdings, LLC

          (Tenant)	02/01/2016	01/31/2026	one 5-year renewal option
	Commercial Lease Agreement, dated November 14, 2014	2051 Griffin Road

          Fort Lauderdale, FL 33312

          (Broward County)	2051 Griffin 

          Road, LLC

          (Owner and Landlord)	Sundance Lauderdale 

          Realty, Inc.

          (Tenant)	01/01/2015	12/31/2017	no extension

   

   

  
    
      
 

  

   

  	Description of Instrument	Address of the 

          Subject Real Estate

          (including county)	Lessor’s Name 

          and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Addendum to 11/14/2014 Lease, dated February 1, 2016	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE	Term extension	12/01/2019	no additional extensions
	Amendment to November 14, 2014 Lease, dated January 1, 2018	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE	01/01/2018	12/01/2019	no additional extensions
	Lease, dated March 1, 2017	801 & 821 NE Third St.

          Dania Beach, FL 33004

          (Broward County)	Harbour Towne Marina, LLC (Owner)

          &

          Westrec 

          Investors, Inc.

          (Landlord)	Midwest Assets & Operations, LLC

          (Tenant)	03/01/2017	02/29/2020	one 3-year extension
	Lease Agreement, dated February 1, 2019	2600 N. Federal Hwy.

          Lighthouse Pt, FL 33064

          (Broward County)	
          OBYS Holdings, LLC

           

          (Owner and Landlord)

           

        	South Florida Assets & Operations, LLC

          (Tenant)	02/01/2019	01/31/2034	two 5-year renewal options
	Lease Agreement, dated October 13, 2016	84 W Airport Blvd.

          Pensacola, FL 32503

          (Escambia County)	Eugene Killinger, Trustee of the Douglas Eugene Killinger Rev. Mgmt. Trust

          (Owner)

          84 W. Airport, LLC

          (Prime Landlord)	LMIP Holding, LLC

          (Lessee/Assignor)	10/01/2016	09/30/2021	one 5-year renewal option
	Assignment, Assumption & Landlord Consent, dated October 1, 2016	SAME AS ABOVE	
          LMIP

            Holding, LLC

            (Assignor) 

          

          84 W. Airport, LLC

            (Prime Landlord)

           

        	Legendary Assets & Operations, LLC

          (Assignee)	10/01/2016	09/30/2021	one 5-year renewal option
	Lease Agreement, dated August 1, 2017	997 S. Palafox St.

          Pensacola, FL 32502

          (Escambia County)	Day Break Marina, Inc.	Legendary Assets & Operations, LLC	08/01/2018	08/31/2019	Annual
	Lease Agreement, dated June 15, 2017	16171 Pine Ridge Rd.

          Unit B3-1

          Ft. Myers, FL 33908

          (Lee County)	Ozinus Pine 

          Ridge, LLC	Legendary Assets & Operations, LLC	07/15/2017	06/30/2019	NONE
	Triple Net Lease Agreement, dated February 1, 2016	3301 NE Indian River Dr.

          Jensen Beach, FL 34957

            &

          3321 NE Indian River Dr.

          Jensen Beach, FL 34957

          (Martin County)	Sundance Marine Dixie, Inc.

          (Owner and Landlord of 3301 Indian River)

            &

          Indian River Drive, Inc.

          (Owner and Landlord of 3321 Indian River)	One Water Marine Holdings, LLC

          (Tenant)	02/01/2016	01/31/2026	one 5-year renewal option

   

   

  
    
      
 

  

   

  	Description of Instrument	Address of the 

          Subject Real Estate

          (including county)	Lessor’s Name 

          and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Lease Agreement, dated February 1, 2019	420 S.W. Federal Hwy.

          Stuart, FL 34994

          (Martin County)	DB South Florida Properties, LLC

          (Owner & Landlord)	South Florida Assets & Operations, LLC

          (Tenant)	02/01/2019	01/31/2034	two 5-year renewal options
	Lease Agreement, dated June 10, 2016	9595 NW 7th Avenue

          Miami, FL 33150

          (Miami-Dade County)	Ibanez Investment Group, Inc.

          (Owner & Landlord)	South Florida Assets & Operations, LLC	08/1/2016	07/1/2021	NONE
	Slip Rental Agreement

          (4 slips)	2890 NE 187th Street

          Aventura, FL 33180

          (Miami-Dade County)	AMP IV - Hidden Harbour, LLC

          (Landlord)	South Florida Assets & Operations, LLC

          (Tenant)	04/01/2019	03/31/2020	NONE
	Lease Agreement, dated September 9, 2017	2550 S. Bayshore Dr.

          Suite 207

          Coconut Grove, FL 33133

          (Miami-Dade County)	Aligned Bayshore Marina, LLC

          (Owner)

          &

          Prime Marina 

          Group, LLC

          (Landlord)	Lab Marine, Inc.

          d/b/a Grande Yachts International

          (Tenant)	09/01/2017	07/31/2022	NONE
	Assignment of Tenant Lease, dated September 9, 2017	SAME AS ABOVE	Lab Marine, Inc.

          d/b/a Grande Yachts International

          (Assignor)	Midwest Assets & Operations, LLC

          (Assignee)	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE
	Lease Agreement, dated November 1, 2016	15600 Collins Avenue

          Miami Beach, FL 33154

          (Miami-Dade County)	Haulover Marine Center, LLC	South Florida Assets & Operations, LLC	11/01/2016	Month-to-month	NONE
	Lease Agreement, dated October 1, 2014	4601 Legendary Marina Dr.

          Destin, FL 32541

          (Okaloosa County)	LYC Destin, LLC

          (Owner and Landlord)	One Water Marine Holdings, LLC

          (Tenant)	10/01/2014	10/31/2029	NONE
	Assignment and Assumption of Lease, dated October 1, 2014	SAME AS ABOVE	One Water Marine Holdings, LLC

          (Assignor)	Legendary Assets & Operations, LLC

          (Assignee)	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE
	Lease Agreement, dated September 7, 2017	2620 Lakeshore Dr.

          Riviera Beach, FL 33404

          (Palm Beach County)	Riviera Beach

          SMI, LLC

          (Owner and Landlord)	South Florida Assets & Operations, LLC

          (Tenant)	02/01/2019	08/31/2019	one 3-year renewal options
	Slip Rental Agreement

          (2 slips and 1 parking space)	105 Lake Shore Drive, Lake Park, FL 33403

          (Palm Beach County)	Town of Lake Park

          (Owner and Landlord)	South Florida Assets & Operations, LLC

          (Tenant)	04/01/2019	03/31/2020	NONE
	Lease Agreement, dated May 17, 2017	1095 N. Hwy A1A

          Jupiter, FL 33477

          (Palm Beach County)	Jupiter Inlet 

          Marina, LLC 

          (Owner and Landlord)	Midwest Assets & Operations, LLC

          (Tenant)	04/01/2017	30-day notice	NONE

   

   

  
    
      
 

  

   

  	Description of Instrument	Address of the 

          Subject Real Estate

          (including county)	Lessor’s Name 

          and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Lease Agreement, dated March 3, 2016	9300 Emerald Coast Pkwy

          Miramar Beach, FL 32550

          (Walton County)	
          Sandestin

            Investments, LLC

            (Owner) 

          

          c/o Sandestin

            Real Estate

            (Landlord)

           

        	Legendary Assets & Operations, LLC

          (Tenant)	03/14/2016	03/13/2021	one 5-year renewal
	Lease Agreement, dated October 13, 2014	5820 Lake Oconee Pkwy

          Greensboro, GA 30642

          (Greene County)	Boats with Gusto, LLC

          (Owner & Landlord)	Singleton Assets & Operations, LLC

          (Tenant)	10/13/2014	01/30/2022	No extension
	Commercial Lease Agreement, dated July 24, 2014	5529 Lanier Islands Pkwy

          Buford, GA 30518 

          (Hall County)	AnnWill, LLC

          (Owner & Lessor)	Singleton Assets & Operations, LLC

          (Lessee)	08/01/2014	07/31/2029	NONE
	Lease Agreement, dated August 8, 2014	adjacent to preceding prop.

          0 McEver Road

          Buford, GA 30518

          (Hall County)	CBD Investments, LLC

          (Owner & Landlord)	Cobalt Boats of Atlanta, LLC

          (Tenant)	08/11/2014	8/11/2017	NONE
	Assignment, Assumption & Landlord Consent, dated October 1, 2014	SAME AS ABOVE	
          Cobalt Boats of Atlanta, LLC 

          

          (Assignor)

           

        	
          Singleton Assets & Operations, LLC

           

          Assignee

           

        	SAME	SAME	NONE
	Lease Agreement, dated January 25, 2010	6900 Lanier Islands Pkwy

          Buford, GA 30518 

          (Hall County)	PS Marinas I, LP

          c/o Westrec Marina Management, Inc.

          (Master Landlord) - 

          the property is owned by the U.S. Army Corp of Engineers	Blue Creek Marina, LLC

          (Assignee & Tenant)	04/01/2017	12/31/2020	NONE
	First Amendment to Lease dated February 1, 2016	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE	05/31/2012	10/01/2016	NONE
	Second Amendment to Lease dated January 25, 2010	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE	07/24/2015	10/01/2026	NONE
	3rd Amendment to 01/25/2010 Lease, dated April 15, 2013	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE	No change to dates.  Permits SMG to install and operate a cable system at the marina.	 	 

   

   

  
    
      
 

  

   

  	Description of Instrument	Address of the 

          Subject Real Estate

          (including county)	Lessor’s Name 

          and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	4th Amendment to 01/25/2010 Lease, dated July 24, 2015	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE	Extension of Term	10/01/2026	NONE
	Assignment, Assumption & Landlord Consent, dated January 25, 2010	SAME AS ABOVE	
          Blue Creek Marina, LLC 

          

          Assignor

           

        	
          Singleton Assets & Operations, LLC 

          

          Assignee

           

        	SAME	SAME	NONE
	Lease Agreement, dated January 25, 2010	
          6900 Lanier Islands Pkwy

            Buford, GA 30518

            (Hall County)

           

          Corporate office space

           

        	PS Marinas I, LP

          c/o Westrec Marina Management, Inc.

          (Master Landlord) - 

          the property is owned by the U.S. Army Corp of Engineers	Singleton Assets & Operations, LLC

          (Assignee & Tenant)	04/01/2017	12/31/2020	NONE
	Lease Agreement, dated July 1, 2016	
          6700 Lanier Islands Pkwy

            Buford, GA 30518

            (Hall County)

           

          Lazy Dayz

           

        	Holiday Marina, LLC

          c/o Westrec Marina Management, Inc.

          (Master Landlord) - 

          the property is owned by the U.S. Army Corp of Engineers	Singleton Assets & Operations, LLC

          (Tenant)	07/01/2016	10/01/2026	NONE
	Commercial Lease Agreement, dated July 24, 2014	6275 Lanier Islands Pkwy

          Buford, GA 30518 

          (Hall County)	Linda C. Singleton, LLC

          (Owner & Lessor)	Singleton Assets & Operations, LLC

          (Lessee)	08/01/2014	07/31/2029	NONE
	Commercial Lease Agreement, dated July 24, 2014	3149 Shoreland Dr.

          Buford, GA 30518 

          (Hall County)	Blue Creek Marina, LLC

          (Owner & Lessor)	Singleton Assets & Operations, LLC

          (Lessee)	08/01/2014	07/31/2029	NONE
	Lease Agreement, dated March 31, 2015	6516 Lanier Islands Pkwy

          Buford, GA 30518 

          (Hall County)	Lawrence & Sharon Sosnow

          (Owner & Landlord)	Singleton Assets & Operations, LLC

          (Tenant)	03/31/2015	03/31/2020	one 5-year renewal
	Commercial Lease Agreement, dated May 1, 2015	45 Bartlett Ferry Rd.

          Fortson, GA 31808

          (Harris County)	Sing Properties, LLC

          (Owner & Lessor)	Singleton Assets & Operations, LLC

          (Lessee)	05/01/2015	05/01/2025	NONE
	Lease Agreement, dated June 1, 2016	2540 E. Highway 90

          Bronston, KY 42633

          (Pulaski County)	Jimmy H. Troxtell,

          Ruth F. Troxtell, and

          Jimmy H. Troxtell, Jr.

          (Owner & Landlord)	Singleton Assets & Operations, LLC

          (Tenant)	06/01/2016	06/01/2031	two 5-year extensions

   

   

  
    
      
 

  

   

  	Description of Instrument	Address of the 

          Subject Real Estate

          (including county)	Lessor’s Name 

          and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Lease Agreement, dated June 1, 2016	6590 S. Highway 27

          Somerset, KY 42501

          (Pulaski County)	Jimmy H. Troxtell,

          Ruth F. Troxtell

          (Owner & Landlord)	Singleton Assets & Operations, LLC

          (Tenant)	06/01/2016	06/01/2031	two 5-year extensions
	Lease Agreement, dated March 1, 2017	411 Winchester Creek Rd. 

          Grasonville, MD 21638

          (Queen Anne’s)	GYI, LLC

          (Owner & Landlord)	Midwest Assets & Operations, LLC

          (Tenant)	03/01/2017	03/31/2032	two 5-year extensions
	Lease for Commercial Office Space at Bay Bridge Marina, dated May 1, 2015	301 Pier One Rd. 

          Stevensville, MD 21666

          (Queen Anne’s)	Great American Life Ins. Co. (Owner)

             &

          Brothers Prop. Mgmt.

          (Landlord)	Midwest Assets & Operations, LLC

          (Tenant)	05/01/2015	4/30/2016	NONE
	First Amendment to Lease for Commercial Office Space at Bay Bridge Marina, dated
          February 1, 2016	SAME AS ABOVE	SAME AS ABOVE	Midwest Assets & Operations, LLC.	05/01/2016	4/30/2017	NONE
	Second Amendment to Lease for Commercial Office Space at Bay Bridge Marina, dated
          March 1, 2017	SAME AS ABOVE	SAME AS ABOVE	Midwest Assets & Operations, LLC

          (Tenant)	05/01/2017	04/30/2022	NONE
	Lease Agreement, dated June 1, 2018	
          100 Falmouth Rd.

            Mashpee, MA 02649

            (Barnstable County) 

          

          0 Falmouth Rd.

            Mashpee, MA 02649

            (Barnstable County) 

          

          17 Bowdoin Rd.

            Mashpee, MA 02649

            (Barnstable County)

           

        	T & C NOMINEE TRUST u/d/t dated September 22, 2010

          (Owner & Landlord)	Bosun’s Assets & Operations, LLC

          (Tenant)	06/01/2018	05/31/2028	two 5-year extensions
	Lease Agreement, dated June 1, 2018	
          205 Newbury St.

            Peabody, MA 01960

            (Essex County) 

          

          & 

          

          207 Newbury St.

            Peabody, MA 01960

            (Essex County)

           

        	BOSUN’S NEWBURY NOMINEE TRUST u/d/t dated 

          August 2, 2006

          (Owner & Landlord)	Bosun’s Assets & Operations, LLC

          (Tenant)	06/01/2018	05/31/2028	two 5-year extensions
	Lease Agreement, dated June 1, 2018	1209 E. Falmouth Hwy.

          East Falmouth, MA 02536

          (Barnstable County)	R & G REALTY TRUST u/d/t dated December 6, 2011

          (Owner & Landlord)	Bosun’s Assets & Operations, LLC

          (Tenant)	06/01/2018	05/31/2028	two 5-year extensions

    

    

  
    
      
 

  

  

  	Description of
              Instrument	Address of the 

            Subject Real Estate

            (including county)	Lessor’s Name 

            and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Slip Rental Agreement, dated June 1, 2018	21 Frog Pond
            Close

            Mashpee, MA 02649

            (Barnstable County)	SHOESTRING BAY
            NOMINEE TRUST u/d/t dated December 12, 2001

            (Owner & Landlord)	Bosun’s Assets
            & Operations, LLC

            (Tenant)	06/01/2018	10/31/2018	NONE
	Dockage Application and License Agreement	1 Pier 8 13th St.
            

            Boston, MA 02129

            (Suffolk County)	Charlestown 

            Marina, LLC

            (Owner & Landlord)	Bosun’s 

            Marine, Inc.

            (Tenant)	05/01/2018	10/31/2018	NONE
	Assignment, 

            dated June 1, 2018	SAME	Bosun’s 

            Marine, Inc.

            (Assignor)	Bosun’s Assets
            & Operations, LLC

            (Assignee)	06/01/2018	SAME	SAME
	2018 Summer Inquiry/Reservation dated Oct. 24, 2007	10 White St. 

            Salem, MA 01970

            (Essex County)	SHM Hawthorne
            Cove, LLC

            (Owner & Landlord)	Bosun’s 

            Marine, Inc.

            (Tenant)	05/01/2018	11/15/2018	NONE
	Assignment, 

            dated June 1, 2018	SAME	Bosun’s 

            Marine, Inc.

            (Assignor)	Bosun’s Assets
            & Operations, LLC

            (Assignee)	06/01/2018	SAME	SAME
	2018 Slip Agreement dated January 15, 2018	70 Green Harbor
            Rd. 

            East Falmouth, MA 02536

            (Barnstable County)	
          Green Pond Marina Associates, Inc.

              (Landlord) 

            

          Hoboken, LLC

              (Owner)

           

        	Bosun’s 

            Marine, Inc.

            (Tenant)	05/01/2018	10/31/2018	NONE
	Assignment, 

            dated June 1, 2018	SAME	Bosun’s 

            Marine, Inc.

            (Assignor)	Bosun’s Assets
            & Operations, LLC

            (Assignee)	06/01/2018	SAME	SAME
	Lease of Land, dated Jan. 1, 2012	614 East Falmouth
            Hwy. 

            East Falmouth, MA 02536

            (Barnstable County)	
          The Cinroc, LLC

              (Landlord) 

            

          Paulino P. Rodriques, Trustee of the Cinroc Realty Trust

              (Owner)

           

        	Bosun’s 

            Marine, Inc.

            (Tenant)	01/01/2012	12/31/2015	two 3-year
            extensions
	Assignment, 

            dated June 1, 2018	SAME	Bosun’s 

            Marine, Inc.

            (Assignor)	Bosun’s Assets
            & Operations, LLC

            (Assignee)	06/01/2018	SAME	SAME
	Lease Agreement, dated March 1, 2018	1 Icard Ln. 

            New Rochelle, NY 10805

            (Westchester)	Giacobbe 

            Enterprises, Inc.

            (Owner & Landlord)	Midwest Assets
            & Operations, LLC

            (Tenant)	03/01/2018	02/28/2019	NONE

   

  
    
      

  

  	Description of
              Instrument	Address of the 

            Subject Real Estate

            (including county)	Lessor’s Name 

            and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Commercial Lease Agreement, dated April 1, 2017	1322 & 1324
            Airlie Rd. 

            Wilmington, NC 28403

            (New Hanover)	Crocker’s Landing
            Association, Inc.

            (Owner)

            &

            Crocker’s 

            Landing, LLC

            (Landlord)	Midwest Assets
            & Operations, LLC

            (Tenant)	04/01/2017	03/31/2022	NONE
	Lease Agreement dated August 1, 2017	1611 Sawmill
            Parkway 

            Huron, OH 44839

            (Erie County)	Three SeaSons
            Partners, LLC

            (Owner and Landlord)	South Shore 

            Lake Erie Assets & Operations, LLC

            (Tenant)	08/01/2017	07/31/2032	two 5-year
            extensions
	Lease Agreement, dated June 1, 2017	1535 Sawmill Pkwy
            

            Huron, OH 44839

            (Erie County)	Al Sentzel

            (Owner and Landlord)	South Shore 

            Lake Erie Assets & Operations, LLC

            (Tenant)	06/01/2017	06/01/2018	NONE
	Business Property Lease, dated October 1, 2017	3994 E. Harbor
            Road

            Port Clinton, OH 43452

            (Ottawa County)	Knoll Crest 

            Investors, LTD

            (Owner and Landlord)	South Shore 

            Lake Erie Assets & Operations, LLC

            (Tenant)	10/01/2017	9/30/2018	one 12-month
            extension
	Summer Dock Agreement dated August 1,2017	350 Huron Street
            

            P.O. Box 176

            Huron, OH 44839

            (Erie County)	Huron Yacht 

            Club, Inc.

            (Owner and Landlord)	South Shore 

            Lake Erie Assets & Operations, LLC

            (Tenant)	08/01/2017	08/01/2018	NONE
	SonRise Summer Dockage Agreement dated October 15, 2016	1535 First Street
            

            Sandusky, OH 44870

            (Erie County)	Hoty Marine

            Group, LLC

            d/b/a SonRise Marina 

            (Owner and Landlord)	South Shore 

            Lake Erie Assets & Operations, LLC

            (Tenant)	10/01/2016	08/01/2018	NONE
	Lease Agreement, dated April 1, 2018	
          9481 State Route 708 N.

              Lakeview, OH 43331

              (Logan County) 

            

          & 

            

          9488 State Route 708

              Lakeview, OH 43331

              (Logan County) 

            

          & 

            

          9494 State Route 708

              Lakeview, OH 43331

              (Logan County) 

            

          & 

            

          9506 State Route 708

              Lakeview, OH 43331

              (Logan County) 

            

          & 

            

          9637 State Route 235 N.

              Lakeview, OH 43348

              (Logan County) 

            

          & 

            

          8967 Court St.

              Lakeview, OH 43331

              (Logan County) 

            

          &

           Chestnut St.

              Lakeview, OH 43331

              (Logan County) 

            

          & 

            

          8852 Chautauqua Blvd.

              Lakeview, OH 43331

              (Logan County) 

            

          & 

            

          8866 Chautauqua Blvd.

              Lakeview, OH 43331

              (Logan County) 

            

          & 

            

          8875 Chautauqua Blvd.

              Lakeview, OH 43331

              (Logan County) 

            

          & 

            

          525 Washington Ave.

              Russells Point, OH 43348

              (Logan County) 

            

          & 

            

          539 Washington Ave.

              Russells Point, OH 43348

              (Logan County) 

            

        	REBO, Inc.

            (Owner and Landlord)	Midwest Assets
            & Operations, LLC

            (Tenant)	04/01/2018	03/31/2033	two 5-year
            extensions

  
    
      

  

  	Description of
              Instrument	Address of the 

            Subject Real Estate

            (including county)	Lessor’s Name 

            and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Lease Agreement, dated May 18, 2017	405 Main St.

            Russells Point, OH 43348

            (Logan County)	Bruce A. Roby

            (Owner & Landlord)	Rebo, Inc. 

            (Tenant)	05/01/2017	04/30/2022	one 5-year
            extensions
	Assignment, Assumption & Landlord Consent, dated April 1, 2018	SAME AS ABOVE	Rebo, Inc.

            (Assignor)	Midwest Assets
            & Operations, LLC

            (Assignee)	SAME	SAME	SAME
	Lease Agreement, dated July 22, 2017	11520 Township
            Rd. 87

            Buildings 1, 2, 6 & 7

            Lakeview, OH 43331

            (Logan County)	
          TRD Leasing, LLC

              (Landlord) 

            

          87-93 W 9th

              Avenue, LLC

              (Owner of Bldg. 1&2) 

            

          Township Road 87

              Development II, LLC

              (Owner of Bldg. 6&7)

           

        	Rebo, Inc. 

            (Tenant)	09/10/2017	09/1/2018	four 1-year
            extensions

   

  
    
      

  

  	Description of
              Instrument	Address of the 

            Subject Real Estate

            (including county)	Lessor’s Name 

            and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Assignment, Assumption & Landlord Consent, dated April 1, 2018	SAME AS ABOVE	Rebo, Inc.

            (Assignor)	Midwest Assets
            & Operations, LLC

            (Assignee)	SAME	SAME	SAME
	Office Lease Agreement, dated April 1, 2017	33 Lockwood Dr. 

            Charleston, SC 29401

            (Charleston County)	AMH-Ashley 

            Marina, LLC 

            (Owner & Landlord)	Midwest Assets
            & Operations, LLC

            (Tenant)	04/01/2017	03/30/2018	two 24-month
            extensions
	Lease Agreement, dated February 27, 2019	24 Patriots Point
            Rd.

            Mt. Pleasant, SC 29464

            (Charleston County)	
          Patriots Point

              Development Authority

              (Owner) 

            

          Brothers Property Management Corp. d/b/a Charleston Harbor Resort &
              Marina at Patriot’s Point

              (Landlord)

           

        	Midwest Assets
            & Operations, LLC

            (Tenant)	03/01/2019	02/28/2020	NONE
	2019 Charleston Harbor Resort & Marina License Agreement for Dockage, dated February 26, 2019

            (50’ Dock Slip)	24 Patriots Point
            Rd.

            Mt. Pleasant, SC 29464

            (Charleston County)	
          Patriots Point

              Development Authority

              (Owner) 

            

          Brothers Property Management Corp. d/b/a Charleston Harbor Resort &
              Marina at Patriot’s Point

              (Landlord)

           

        	Midwest Assets
            & Operations, LLC

            (Tenant)	03/01/2019	02/28/2020	NONE
	2019 Charleston Harbor Resort & Marina License Agreement for Dockage, dated March 19, 2019

            (50’ Dock Slip)	24 Patriots Point
            Rd.

            Mt. Pleasant, SC 29464

            (Charleston County)	
          Patriots Point

              Development Authority

              (Owner) 

            

          Brothers Property Management Corp. d/b/a Charleston Harbor Resort &
              Marina at Patriot’s Point

              (Landlord)

           

        	Midwest Assets
            & Operations, LLC

            (Tenant)	04/01/2019	03/31/2020	NONE
	2019 Charleston Harbor Resort & Marina License Agreement for Dockage, dated March 19, 2019

            (40’ Dock Slip)	24 Patriots Point
            Rd.

            Mt. Pleasant, SC 29464

            (Charleston County)	
          Patriots Point

              Development Authority

              (Owner) 

            

          Brothers Property Management Corp. d/b/a Charleston Harbor Resort &
              Marina at Patriot’s Point

              (Landlord)

           

        	Midwest Assets
            & Operations, LLC

            (Tenant)	04/01/2019	03/31/2020	NONE

   

  
    
      

  

  	Description of
              Instrument	Address of the 

            Subject Real Estate

            (including county)	Lessor’s Name 

            and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Lease Agreement, dated June 1, 2015	3216 Highway 378

            Leesville, SC 29070 

            (Lexington County)	A & M 

            Properties, LLC

            (Owner & Landlord)	Singleton Assets
            & Operations, LLC

            (Tenant)	06/01/2015	06/01/2030	two 5-year
            extensions
	Lease Agreement, dated January 1, 2018	3214 Highway 378
            

            Leesville, SC 29070

            (Lexington County)	
          “Edith D. Giddens Rev. Trust, dated 11/27/13

           

          William H. Giddens Trust, dated 11/27/13”

              (Owner & Landlord)

           

        	Singleton Assets
            & Operations, LLC

            (Tenant)	01/01/2018	12/31/2020	NONE
	Commercial Lease Agreement, dated July 24, 2014	15597 North
            Highway 11

            Salem, SC 29676

            (Oconee County)	North Keowee
            Land, LLC

            (Owner & Lessor)	Singleton Assets
            & Operations, LLC

            (Lessee)	08/01/2014	07/31/2029	NONE
	Lease Agreement, June 13, 2013	152 & 135
            Mariner Circle

            Sunset, SC 29685

            (Pickens County)	The Cliffs Club 

            at Keowee 

            Vineyards, LLC

            (Owner & Landlord)	Singleton Assets
            & Operations, LLC

            (Tenant)	04/01/2013	10/31/2015	one 1-year
            extension
	Lease Agreement, dated February 1, 2019	
          10439 Broad River Road

              Irmo, SC 29063

           

          (Richland County)

           

        	Clepper Brothers,
            LLC

            (Owner & Landlord)	Singleton Assets
            & Operations, LLC

            (Tenant)	02/01/2019	01/312029	two 5-year
            extensions
	Lease Agreement, dated October 30, 2011	1520 N. Stemmons
            Fwy

            Lewisville, TX 75067

            (Denton County)	Phil Dill Boats,
            Inc.

            (Owner & Landlord)	North Keowee
            Land, LLC

            (Tenant)	10/30/2011	11/30/2021	two 5-year
            extensions
	Sublease Agreement, dated October 31, 2011	SAME AS ABOVE	North Keowee

            Land, LLC

            (Leaseholder & 

            Sublandlord)	Cobalt Boats of
            Atlanta, LLC

            (Subtenant)	10/31/2011	11/30/2021	two 5-year
            extensions
	Lease, dated April 27, 2000	2908 N. Stemmons
            Fwy

            Lewisville, TX 75077

            (Denton County)	U.S. Army Corps
            of Engineers

            (Owner)	City of
            Lewisville

            (Prime Landlord)	04/15/2000	04/14/2025	NONE
	Concession Agreement, dated December 11, 2000	SAME AS ABOVE	City of
            Lewisville

            (Prime Landlord)	L.J.H.
            Corporation

            (Concessionaire)	12/11/2000	SAME	NONE
	Lease Agreement, dated October 2, 2000	SAME AS ABOVE	L.J.H.
            Corporation

            (Concessionaire)	Trett
            Enterprises, Inc.

            (Sublandlord)	04/15/2000	SAME	NONE

   

  
    
      

  

   

  	Description of
              Instrument	Address of the 

            Subject Real Estate

            (including county)	Lessor’s Name 

            and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	
          Extension and Modification Agreement, dated November 14, 2000 

            

          (original - Sales, Lease and Operating Agreement, dated December 14, 1994)

           

        	SAME AS ABOVE	Trett 

            Enterprises, Inc.

            (Sublandlord)	The Slalom Shop,
            Inc.

            (Sub-Sublandlord)	04/15/2000	SAME	NONE
	Commercial Real Property Sublease, dated December 14, 2018	SAME AS ABOVE	The Slalom 

            Shop, Inc.

            (Sub-Sublandlord)	Singleton Assets
            & Operations, LLC

            (Tenant)	12/01/2018	SAME	NONE
	Commercial Lease Agreement, dated December 10, 2007	
          2700 NASA Rd.

              Seabrook, TX 77586 

            

          1921 Larrabee St.

              Seabrook, TX 77586

              (Harris County)

           

        	2700 NASA
            Parkway, LP

            (Owner & Landlord)	Texas Marine
            & Brokerage, Inc.

            (Tenant)	02/01/2008	01/31/2013	two 2-year
            extensions
	First Amendment to Lease Agreement, dated December 10, 2007	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE.	11/30/2015	01/31/2018	two 2-year
            extensions
	Second Amendment to Lease Agreement, dated December 10, 2007	SAME AS ABOVE	SAME AS ABOVE	SAME AS ABOVE	05/28/2017	01/31/2020	two 2-year
            extensions
	Assignment, Assumption & Landlord Consent, dated December 10, 2007	SAME AS ABOVE	Texas Marine
            & Brokerage, Inc (Assignor)	Singleton Assets
            & Operations, LLC

            (Assignee)	SAME	SAME	two 2-year
            extensions
	Lease Agreement, dated February 01, 2018	
          1140 Interstate 10 N.

              Beaumont, TX 77702 

            

          (Jefferson County)

           

        	JHMH REALTY, LLC
            - BEAUMONT SERIES

            (Owner & Landlord)	Singleton Assets
            & Operations, LLC

            (Tenant)	02/01/2018	01/31/2033	two 5-year
            extensions
	Commercial Lease Agreement, dated July 24, 2014	15096 Interstate
            45 S.

            Conroe, TX 77384

            (Montgomery County)	Sing Properties,
            LLC

            (Owner & Landlord)	Singleton Assets
            & Operations, LLC

            (Tenant)	08/01/2014	07/31/2029	NONE

   

  
    
      

  

  	Description of
              Instrument	Address of the 

            Subject Real Estate

            (including county)	Lessor’s Name 

            and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Commercial Lease Agreement, dated October 13, 2016	801 S. Interstate
            45

            Conroe, TX 77301

            (Montgomery County)	Gene & Betty
            Wolf

            (Owner & Landlord)	Singleton Assets
            & Operations, LLC

            (Tenant)	11/01/2016	11/30/2022	one 5-year
            extensions
	Commercial Lease Agreement, dated February 1, 2018	
          1107 Interstate 45 S.

              Conroe, TX 77301 & 

            

          300 Austin Road Conroe, TX 77301

              (Montgomery County)

           

        	JHMH REALTY, LLC
            - CONROE SERIES

            (Owner & Landlord)	Singleton Assets
            & Operations, LLC

            (Tenant)	02/01/2018	01/31/2033	two 5-year
            extensions
	Commercial Lease Agreement, dated February 2, 2015	1219 Interstate
            45 S. 

            Conroe, TX 77301

            (Montgomery County)	Ben Perdue

            (Owner & Landlord)	Texas Marine of
            Houston, Inc.

            (Tenant)	04/01/2015	03/31/2020	NONE
	Assignment, Assumption & Landlord Consent, dated February 2, 2015	SAME AS ABOVE	
          Texas Marine of Houston, Inc

           

          (Assignor)

           

        	Singleton Assets
            & Operations, LLC

            (Assignee)	SAME	SAME	NONE
	Commercial Lease Agreement, dated February 1, 2018	319 Post Oak Dr.
            

            Conroe, TX 77301

            (Montgomery County)	Pine Ridge
            Apartments, LLC

            (Owner & Landlord)	Singleton Assets
            & Operations, LLC

            (Tenant)	02/01/2018	10/01/2022	NONE
	Commercial Real Property Lease, dated December 14, 2018	118 Lavilla Road

            Graford, TX 76449

            (Palo Pinto County)	Martin 

            Properties, LLC

            (Owner & Landlord)	Singleton Assets
            & Operations, LLC

            (Tenant)	12/01/2018	12/01/2033	two 5-year
            extensions
	Lease Agreement, dated August 2, 2019	
          1460 Hwy 98 West (Okaloosa County) 

            

          or 

            

          1450 Highway 98 W. Mary Esther, FL 32569 (Okaloosa County) 

            

          & 

            

          1 Rush Road 

            

          Mary Esther, FL 32569 

            

          (Okaloosa County)

           

        	OWM Mary Esther
            FL Landlord, LLC (Owner & Landlord)	Legendary Assets
            & Operations, LLC (Tenant)	08/2/2019	08/2/2024	Four 5-year extensions
	Lease Agreement, dated August 2, 2019	651 South Federal
            Hwy. Pompano Beach, FL 33060	OWM Pompano Beach
            FL Landlord, LLC (Owner & Landlord)	Midwest Assets
            & Operations, LLC (Tenant)	08/2/2019	08/2/2024	Four 5-year extensions
	Lease Agreement, dated August 2, 2019	100 Ridge Rd.
            Canton, GA  30114	OWM Canton GA
            Landlord, LLC (Owner & Landlord)	Singleton Assets
            & Operations, LLC (Tenant)	08/2/2019	08/2/2024	Four 5-year extensions

   

  
    
      

  

  	
          

          Description of Instrument

        	Address of the 

            Subject Real Estate

            (including county)	Lessor’s Name 

            and Authority	Lessee’s Name	effective date	Termination date	any renewal term or extension available
	Lease Agreement, dated August 2, 2019	
          81500 Overseas Hwy. Islamorada, FL 33036 

            

          101 Mastic Street Islamorada, FL 33036

           

        	OWM Islamorada FL
            Landlord, LLC (Owner & Landlord)	South Florida
            Assets & Operations, LLC (Tenant)	08/2/2019	08/2/2024	Four 5-year extensions
	Lease Agreement, dated August 29, 2019	
          2501 72nd St. N 

            

          St. Petersburg, FL 33707 

            

          (Pinellas County)

           

        	Central Marine
            Service, Inc. (Owner & Landlord)	South Florida
            Assets & Operations, LLC (Tenant)	08/01/2019	07/31/2034	Two 5-year extensions
	Lease Agreement, dated August 29, 2019	
          3515 Tyrone Blvd N 

            

          St. Petersburg, FL 

            

          33707 

            

          (Pinellas County) 

            

          & 

            

          3535 Tyrone Blvd N 

            

          St. Petersburg, FL 

            

          33707 

            

          (Pinellas County) 

            

          & 

            

          3545 Tyrone Blvd N 

            

          St. Petersburg, FL 

            

          33707 (Pinellas County)

           

        	Central Marine
            Service, Inc. (Owner & Landlord)	South Florida
            Assets & Operations, LLC (Tenant)	08/01/2019	07/31/2034	Two 5-year extensions
	Lease Agreement, dated August 29, 2019	
          200 NW Alice Ave. 

            

          Stuart, FL 34994 

            

          (Martin County)

           

        	Central Marine
            Properties East, LLC (Owner & Landlord)	South Florida
            Assets & Operations, LLC (Tenant)	08/01/2019	07/31/2034	Two 5-year extensions

   

  Each agreement listed herein above is in full force and effect and the Credit Parties do not have
        Knowledge of any default that has occurred and is continuing thereunder, and each such agreement constitutes the legally valid and binding obligation of each applicable Credit Party, enforceable against such Credit Party in accordance with its
        terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles.Exhibit 10.25

    

  

  
  Execution Version

   

  

   
  

  LIMITED CONSENT, WAIVER AND EIGHTEENTH AMENDMENT TO

      CREDIT AND GUARANTY AGREEMENT

   

  This LIMITED CONSENT, WAIVER AND EIGHTEENTH AMENDMENT TO CREDIT AND
      GUARANTY AGREEMENT (this “Amendment”) is entered into as of November 26, 2019 (the “Eighteenth Amendment Effective Date”), among ONE WATER MARINE Holdings, LLC, a Delaware limited
      liability company (“Holdings”), certain subsidiaries of Holdings, as borrowers (collectively “Companies”, and together with Holdings, the “Credit Parties”), GOLDMAN SACHS SPECIALTY LENDING GROUP, L.P., as administrative agent and
      as collateral agent (in such capacities, “Agent”), and the undersigned Lenders (as defined below). Unless otherwise defined herein, all capitalized terms used herein that are defined in the Credit Agreement referred to below shall have the
      meanings given to such terms in the Credit Agreement, as amended hereby.

   

  RECITALS

   

  WHEREAS, Companies, Holdings, Agent and the financial institutions party
      thereto as lenders (“Lenders”) are parties to that certain Credit and Guaranty Agreement dated as of October 28, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);

   

  WHEREAS, pursuant to the Credit Agreement, Lenders have made Loans to
      Companies and provided certain other credit accommodations to Companies;

   

  WHEREAS, Companies have requested that Agent and Lenders (i) consent to
      certain proposed floorplan financing documents delivered to Agent on or prior to the date hereof (such documents, whether consisting of new floorplan financing documents or amendments or restatements of any existing Approved Floorplan Financing
      Documents, the “Proposed Floorplan Financing Documents”) and (ii) agree to amend certain terms and provisions of the Credit Agreement to increase the maximum permitted outstanding principal amount of Indebtedness constituting Approved
      Floorplan Financing from $350,000,000 to $392,500,000, in each case, as more particularly described in this Amendment;

   

  WHEREAS, Companies have advised Agent and Lenders that Companies desire
      to effectuate, or have prior to the date hereof effectuated, the dissolution transactions described on Annex I hereto (collectively, the “Dissolution Transactions”) and have requested that Agent and Lenders consent to the Dissolution
      Transactions;

   

  WHEREAS, Companies have advised Agent and Lenders that the following
      Events of Default have occurred (collectively, the “Specified Defaults”):

   

  (a)         Companies formed OneWater Marine Inc., a Delaware
      corporation (“PubCo”) as a Subsidiary without causing PubCo to become a Guarantor under the Credit Agreement and a Grantor under the Pledge Agreement by executing and delivering to Agent a Counterpart Agreement and related documentation at the
      time that PubCo was formed as required under Section 5.10 of the Credit Agreement resulting in one or more Events of Default under Section 8.1(c) of the Credit Agreement.

   

  (b)         Companies failed to satisfy certain of the requirements
      listed on Schedule 5.17 of that certain Limited Consent, Waiver and Sixteenth Amendment to Credit and Guaranty Agreement dated as of August 5, 2019 (the “Sixteenth Amendment”), by and among Holdings, Companies, Agent and Lenders on or before
      the dates specified therein for such requirements, as required under Section 6 of the Sixteenth Amendment and Section 5.17 of the Credit Agreement (prior to giving effect to this Amendment), resulting in one or more Events of Default under Section
      8.1(c) of the Credit Agreement.

  
    
      

  

  
  (c)         Administrative personnel of Companies, in a failed attempt
      to qualify Midwest Assets & Operations, LLC, a Delaware limited liability company (“MAO”), as a foreign limited liability company authorized to transact business in the state of Maryland, mistakenly filed Maryland articles of organization,
      instead of the appropriate application by foreign limited liability company for authorization to transact business in Maryland, and, as a result, mistakenly created Midwest Assets & Operations, LLC, a Maryland limited liability company (“MAO
        Maryland”). Companies’ formation of MAO Maryland as a Subsidiary without causing MAO Maryland to become a Guarantor under the Credit Agreement and a Grantor under the Pledge Agreement by executing and delivering to Agent a Counterpart Agreement
      and related documentation at the time that MAO Maryland was formed as and when required under Section 5.10 of the Credit Agreement resulted in one or more Events of Default under Section 8.1(c) of the Credit Agreement.

   

  (d)         Companies failed to provide notice to Agent and the Lenders
      of the above-listed Events of Default as required pursuant to Section 5.1(f) of the Credit Agreement, which failures constitute Events of Default under Section 8.1(c) of the Credit Agreement.

   

  (e)          The foregoing Events of Default may separately constitute
      defaults under the Approved Floorplan Financing Documents, resulting in one or more Events of Default under Section 8.1(b) of the Credit Agreement.

   

  WHEREAS, Agent and Lenders agree to (i) consent to the Proposed
      Floorplan Financing Documents, (ii) consent to the Dissolution Transactions, (iii) waive the Specified Defaults and (iv) amend certain other terms and provisions of the Credit Agreement, in each case, as more particularly described in this Amendment.

   

  NOW THEREFORE, for and in consideration of the mutual covenants and
      agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and agreed, Holdings, Companies, Agent and the undersigned Lenders hereby agree as follows:

   

  SECTION 1.        Limited Consent. Subject to the
      satisfaction or waiver in writing of each of the conditions set forth in this Section 1 and in Section 4 below and in reliance on the representations, warranties, covenants and agreements set forth in this Amendment, (a)
      notwithstanding anything to the contrary in Sections 6.14, 6.15, and 6.24 of the Credit Agreement that may prohibit the execution and delivery of the Proposed Floorplan Financing Documents, Agent and Lenders hereby consent to the execution and
      delivery of the Proposed Floorplan Financing Documents (the “Floorplan Consent”), and (b) notwithstanding anything to the contrary in Section 6.9 of the Credit Agreement that may prohibit the Dissolution Transactions, Agent and Lenders hereby
      consent to the Dissolution Transactions (the “Restructuring Consent”; together with the Floorplan Consent, the “Limited Consent”), effective as of the date the Dissolution Transactions were consummated; provided that each of
      the following conditions is satisfied:

   

  (a)         Credit Parties shall have complied with all the other
      applicable terms and conditions of the Credit Agreement (other than Sections 6.14, 6.15 and 6.24 of the Credit Agreement) applicable with respect to the Proposed Floorplan Financing Documents.

   

  (b)        The Proposed Floorplan Financing Documents shall be entered
      into by the parties thereto in the same form and substance as delivered to Agent pursuant to Section 4.9 below, and the Proposed Floorplan Financing Documents shall not have been amended or otherwise modified by the parties thereto without
      the prior written consent of Agent.

  
    2

    
      

  

  (c)          Agent shall have received true, complete and executed
      copies of the 651 Certificate of Cancellation, the Sundance Articles of Dissolution and the MAO Maryland Articles of Cancellation (each as defined on Annex I hereto) in form and substance satisfactory to Agent in its sole discretion.

   

  (d)         The Dissolution Transactions shall have been consummated in
      compliance with all the other applicable terms and conditions of the Credit Agreement (other than Section 6.9 of the Credit Agreement) on or prior to November 29, 2019 (or such later date as agreed to by Agent in its sole discretion) in accordance
      with the documentation referred to in Section 1(c) above, and within one Business Day after each such consummation, Companies shall notify Agent that the Dissolution Transactions have been consummated.

   

  Nothing contained in this Section 1 shall be deemed a consent to
      or waiver of, any other action or inaction on the part of Holdings, Companies or any other Credit Party that constitutes (or would constitute) a violation of or departure from any covenant, condition or other obligations of Holdings, Companies, or
      any other Credit Party under the Credit Agreement and the other Credit Documents. Agent and Lenders shall not be obligated to grant any future consents, waivers or amendments with respect to any provision of the Credit Agreement or any other Credit
      Document. Without limiting the foregoing, (i) if the Proposed Floorplan Financing Documents are executed and delivered by the parties thereto without satisfying conditions (a) and (b) of this Section 1 or any of the conditions in Section
        4 hereof or (ii) if the Dissolution Transactions are consummated without satisfying conditions (c) and (d) of this Section 1 or any of the conditions in Section 4 hereof, in the case of each clause (i) and clause (ii), such
      event shall constitute an immediate Event of Default under Section 8.1(c) of the Credit Agreement unless the specific failure is agreed to, waived or otherwise consented to in writing by Agent.

   

  SECTION 2.          Limited Waiver to Specified Defaults. Subject to and upon the terms and conditions set forth herein, Agent and Lenders hereby
      waive the Specified Defaults, but no other Default or Event of Default. Except for the limited waiver set forth herein, nothing contained herein shall be deemed a consent to or waiver of any other action or inaction of any Credit Party that
      constitutes a violation of any provision of the Credit Agreement or any other Credit Document, or that has resulted or will result in a Default or an Event of Default under the Credit Agreement or any other Credit Document. Agent and Lenders shall
      not be obligated to grant any future consents, waivers or amendments with respect to the Credit Agreement or any other Credit Document. No failure or delay on the part of Agent or Lenders to exercise any right or remedy under the Credit Agreement,
      any other Credit Document or applicable law shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy preclude any other or further exercise of any right or remedy, all of which are cumulative and are hereby
      reserved.

   

  SECTION 3.         Amendments. In reliance on the
      representations, warranties, covenants and agreements contained in this Amendment, the Credit Agreement is hereby amended as follows:

   

  3.1.          Amendment to Preamble. The preamble of the
      Credit Agreement shall be amended and restated to read in full as follows:

   

  This CREDIT AND GUARANTY AGREEMENT, dated as of October 28, 2016, is
      entered into by and among ONE WATER MARINE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”), certain subsidiaries of Holdings, as Companies and Guarantors, as applicable, the Lenders party hereto from time to time, and
      GOLDMAN SACHS SPECIALTY LENDING GROUP, L.P. (“GSSLG”), as Administrative Agent (together with its successors and assigns in such capacity, “Administrative Agent”), Collateral Agent (together with its successors and assigns
      in such capacity, “Collateral Agent”), and Lead Arranger.

  
    3

    
      

  

  3.2.         Additional Definitions. Section 1.1 of the
      Credit Agreement is hereby amended to add each of the following definitions to such section in appropriate alphabetical order:

   

  “Eighteenth Amendment” means that certain Limited
      Consent, Waiver and Eighteenth Amendment to Credit and Guaranty Agreement dated as of November 26, 2019.

   

  “Eighteenth Amendment Effective Date” has the meaning
      assigned to such term in the Eighteenth Amendment.

   

  “PubCo” means OneWater Marine Inc., a Delaware corporation.

   

  3.3.          Deleted Definitions. The definitions of
      “651” and “Sundance” contained in Section 1.1 of the Credit Agreement are hereby deleted.

   

  3.4.         Restated Definitions. The definitions of the
      following terms contained in Section 1.1 of the Credit Agreement are hereby amended and restated to read in full as follows:

   

  “Company” or “Companies” means,
      individually or collectively, as the context may require, BAO, Intermediate Holdings, Legendary, Midwest, PubCo, South Florida, Singleton, SSAO, and each other Person that becomes a party to this Agreement as a borrower from time to time.

   

  “GS” means (a) GSSLG, and (b) any affiliate of Special
      Situations Investing Group II, LLC, including GSSLG and its predecessors in interest, in each case solely to the extent such Person described in this definition is a Lender hereunder.

   

  “Intermediate Holdings” means One Water Assets &
      Operations, LLC, a Delaware limited liability company.

   

  “Lead Arranger” means GSSLG, as the lead arranger of
      the Commitments.

   

  “Legendary” means Legendary Assets & Operations,
      LLC, a Florida limited liability company.

   

  “Midwest” means Midwest Assets & Operations, LLC,
      a Delaware limited liability company.

   

  “Preferred Holders” means Special Situations Investing
      Group II, LLC and OWM BIP Investor, LLC.

   

  “Singleton” means Singleton Assets & Operations,
      LLC, a Georgia limited liability company.

   

  “South Florida” means South Florida Assets &
      Operations, LLC, a Florida limited liability company.

   

  3.5.         Deletion of References to “651” and “Sundance”.
      Upon the date hereof and pursuant to this Amendment, all references to “651” and “Sundance” in the Credit Agreement and the Collateral Documents (including in the exhibits and schedules thereto) are deemed deleted in their respective entireties and
      replaced with references to their respective successors in interest.

  
    4

    
      

  

  3.6.         Amendments to Section 6.1 of the Credit Agreement.
      Section 6.1 of the Credit Agreement is hereby amended by (a) replacing the semi-colon at the end of clause (l) of such section with “; and”, (b) replacing the reference to “$350,000,000” appearing in clause (l) of such section with a reference to
      “$392,500,000” and (c) deleting clauses (n), (o) and (p) of such section, in each case in their respective entireties.

   

  3.7.         Addition of Restriction on Activities of PubCo.
      Section 6 of the Credit Agreement is hereby amended by adding a new Section 6.24 immediately after existing Section 6.23 of such section to read in full as follows:

   

  Section 6.24       Permitted Activities of PubCo. PubCo
      shall not (i) incur, directly or indirectly, any Indebtedness or any other obligation or liability whatsoever other than the Indebtedness and obligations under this Agreement, the other Credit Documents and the Approved Subordinated Debt Documents;
      (ii) create or suffer to exist any Lien upon any property or assets now owned or hereafter acquired by it other than the Liens created under the Collateral Documents to which it is a party or permitted pursuant to Section 6.2; (iii) engage in any
      business or activity or own any assets other than performing its obligations and activities incidental thereto under the Credit Documents, and to the extent not inconsistent therewith, the Approved Subordinated Debt Documents; (iv) consolidate with
      or merge with or into, or convey, transfer or lease all or substantially all its assets to, any Person; (v) own any Capital Stock of any Person; (vi) create or acquire any Subsidiary or make or own any Investment in any Person; or (vii) fail to hold
      itself out to the public as a legal entity separate and distinct from all other Persons.

   

  3.8.         Amendment to Schedule 6.12 of the Credit Agreement.
      Schedule 6.12 of the Credit Agreement is hereby amended by amending and restating item 6 thereof to read in full as follows:

   

  “6.         Monthly payments not to exceed $59,355 made to Philip
      Austin Singleton, Jr. in consideration of his personal guaranty required by Wells Fargo Commercial Distribution Finance, LLC (“CDF”) in connection with that certain Fifth Amended and Restated Inventory Financing Agreement dated as of November
      26, 2019 by and among CDF, as agent, the financial institutions party thereto as lenders, and Legendary Assets & Operations, LLC, Singleton Assets & Operations, LLC, South Florida Assets & Operations, LLC, Midwest Assets & Operations,
      LLC and Bosun’s Assets & Operations, LLC, collectively as dealers, and One Water Marine Holdings, LLC, One Water Assets & Operations, LLC, OneWater Marine Inc., Philip Austin Singleton, Jr. and Anthony Aisquith, collectively as guarantors.”

   

  SECTION 4.         Conditions Precedent. The amendments
      contained in Section 3 hereof, the Limited Consent and the limited waiver contained in Section 2 hereof, in each case, shall become effective on the date on which all of the following conditions precedent have been satisfied:

   

  4.1.        Credit Agreement Amendment. Agent shall have
      received counterparts of this Amendment duly executed and delivered (which may be by email, facsimile or other electronic transmission (e.g., “.pdf”)) by Companies, Holdings and each Lender.

   

  4.2.         Officer’s Closing Certificate. Agent shall
      have received a certificate from an Authorized Officer certifying as of the date hereof:

   

  (a)         that each representation and warranty of each Credit
      Party contained in this Amendment and each Credit Document is true and correct in all material respects as of the date hereof (except (i) to the extent that any such representation and warranty is expressly limited to an earlier date, in which case,
      on the date hereof, such representation and warranty shall continue to be true and correct in all material respects as of such specified earlier date and (ii) to the extent that any such representations and warranties are qualified by materiality,
      such representations and warranties shall continue to be true and correct in all respects);

   
  
    5

    
      

  

  (b)         that no injunction or other restraining order has been
      issued and no hearing to cause an injunction or other restraining order to be issued is pending or noticed with respect to any action, suit or proceeding seeking to enjoin or otherwise prevent the consummation of, or to recover any damages or obtain
      relief as a result of, this Amendment;

   

  (c)         that no event, circumstance, change or effect that,
      individually or in the aggregate, has had or would reasonably be expected to have a Material Adverse Effect has occurred since December 31, 2017;

   

  (d)        that each Credit Party has received all Governmental
      Authorizations and all consents of other Persons, in each case that are necessary or advisable in connection with the effectuation of the transactions contemplated by this Amendment and the Credit Documents and each of the foregoing is in full force
      and effect and in form and substance reasonably satisfactory to Agent; and

   

  (e)          that no event has occurred and is continuing or would
      result from the consummation of this Amendment that would constitute an Event of Default or a Default.

   

  4.3.         Counterpart Agreement. Agent shall have
      received from PubCo counterparts of the Counterpart Agreement dated as of the date hereof signed on behalf of such party.

   

  4.4.        Note Joinders. Agent shall have received from
      PubCo counterparts of the joinder agreements to the existing Multi-Draw Term Loan Notes and the existing Revolving Loan Notes (collectively, the “Note Joinders”), each dated as of the date hereof and signed on behalf of such party.

   

  4.5.         Legal Opinions. Agent shall have received
      favorable written opinions of counsel for the Credit Parties, as of the date hereof, covering such matters with respect to PubCo’s entry into the Counterpart Agreement and the Note Joinders and Agent’s perfected Liens as are requested by, and in form
      and substance satisfactory to, Agent.

   

  4.6.         Officer’s Certificates; Other Documents.
      Agent shall have received in respect of each Credit Party on or prior to the date hereof (i) sufficient copies of each Organizational Document as Agent shall request, in each case certified by an Authorized Officer of such Credit Party and, to the
      extent applicable, certified as of such date or a recent date prior thereto by the appropriate Governmental Authority or a certification made by such Authorized Officer that there have been no changes with respect to such matters since the date of
      the most recent Organizational Documents delivered to Agent; (ii) signature and incumbency certificates of the officers of each Credit Party executing this Amendment and the other Credit Documents to which it is a party or a certification made by
      such Authorized Person that there have been no changes with respect to such matters since the date of the most recent incumbency certificates delivered to Agent; (iii) resolutions of the board of directors or similar governing body of each Credit
      Party approving and authorizing the execution, delivery and performance of the Proposed Floorplan Financing Documents, the Dissolution Transactions, this Amendment and the other Credit Documents to which it is a party (including PubCo’s entry into
      the Counterpart Agreement and the Note Joinders), certified as of such date by an appropriate Authorized Officer as being in full force and effect without modification or amendment; and (iv) a good standing certificate from the applicable
      Governmental Authority of such Credit Party’s jurisdiction of incorporation, organization or formation and in each jurisdiction in which it is qualified as a foreign corporation or other entity to do business, each dated a recent date prior to such
      certification date.

   
  
    6

    
      

  

  4.7.       Fees and Expenses. Companies shall have paid
      to Agent and the Lenders (i) the fees payable on the date hereof referred to in Section 2.8(d) of the Credit Agreement (as amended hereby) and (ii) all fees and reimbursements due and owing to Agent or the Lenders in connection with this Amendment
      including, without limitation, all reasonable fees and expenses incurred by Agent (including, without limitation, reasonable and documented fees and expenses of counsel to Agent) in the preparation, execution, review and negotiation of this Amendment
      and any other related documents for which Companies shall have been invoiced by Agent prior to the date hereof.

   

  4.8.       Absence of Defaults. After giving effect to
      the limited waiver set forth in Section 2, no Default or Event of Default shall have occurred that is continuing after giving effect to this Amendment.

   

  4.9.       Floorplan Lenders. The requisite lenders under
      any Approved Floorplan Financing shall have (i) delivered to Agent substantially final copies of the Proposed Floorplan Financing Documents in form and substance satisfactory to Agent and Requisite Lenders in their respective sole discretion (and
      shall promptly provide executed copies when available), (ii) consented to or otherwise permitted this Amendment pursuant to amendments of and/or consents under the Approved Floorplan Financing Documents that are in form and substance satisfactory to
      Agent and Requisite Lenders in their respective sole discretion and (iii) waived any events of default under any Approved Floorplan Financing Documents in form and substance satisfactory to Agent and Requisite Lenders in their respective sole
      discretion.

   

  4.10.    Collateral Documents. On the date hereof, Agent
      shall have received from each party thereto executed counterparts to, amendments to, or restatements of all existing Collateral Documents, in each case, (a) to the extent necessary to reflect PubCo as a Company and (b) otherwise requested by and in
      form and substance satisfactory to Agent.

   

  4.11.     No Litigation. On the date hereof, there shall
      not exist any action, suit, investigation, litigation or proceeding, hearing, or other legal or regulatory developments, pending or threatened in any court or before any arbitrator or Governmental Authority that, in the reasonable opinion of Agent,
      singly or in the aggregate, materially impairs this Amendment, the financing thereof or any of the other transactions contemplated by the Credit Documents, or that could have a Material Adverse Effect.

   

  4.12.     Other Documents. Agent shall have received any
      other documents or agreements reasonably requested by Agent in connection herewith.

   

  SECTION 5.      Representations and Warranties. In order to
      induce Agent and the undersigned Lenders to enter into this Amendment, each Credit Party hereby represents and warrants to Agent and each Lender that:

   

  5.1.      Accuracy of Representations and Warranties.
      After giving effect to the limited waiver set forth in Section 2, each representation and warranty of each Credit Party contained in this Amendment and the Credit Documents is true and correct in all material respects as of the date hereof
      (except (a) to the extent that any such representation and warranty is expressly limited to an earlier date, in which case, on the date hereof, such representation and warranty shall continue to be true and correct in all material respects as of such
      specified earlier date and (b) to the extent that any such representations and warranties are qualified by materiality, such representations and warranties shall continue to be true and correct in all respects).

  
    7

    
      

  

  5.2.        Due Authorization. The execution, delivery
      and performance of this Amendment have been duly authorized by all necessary action on the part of each Credit Party.

   

  5.3.        No Conflicts. The execution, delivery and
      performance by each Credit Party of this Amendment shall not: (a) violate any provision of any law or any governmental rule or regulation applicable to Holdings or any of its Subsidiaries, any of the Organizational Documents of Holdings or any of its
      Subsidiaries, or any order, judgment or decree of any court or other agency of government binding on Holdings or any of its Subsidiaries; (b) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default
      under any Contractual Obligation of Holdings or any of its Subsidiaries; (c) result in or require the creation or imposition of any Lien upon any of the properties or assets of Holdings or any of its Subsidiaries (other than any Liens created under
      any of the Credit Documents in favor of Agent, on behalf of Secured Parties); or (d) require any approval of stockholders, members or partners or any approval or consent of any Person under any Contractual Obligation of Holdings or any of its
      Subsidiaries.

   

  5.4.        Validity and Binding Effect. This Amendment
      constitutes the valid and binding obligations of each Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
      creditor’s rights generally, and subject to general principles of equity, regardless of whether considered in a proceeding in equity or law.

   

  5.5.        Absence of Defaults. No Default or Event of
      Default has occurred that is continuing.

   

  5.6.        No Defense. No Credit Party has any defenses
      to payment, counterclaims or rights of set-off with respect to the Obligations on the date hereof or any defenses to the validity, enforceability or binding effect against such Credit Party of the Credit Documents to which it is a party to or any
      Liens intended to be created thereby.

   

  5.7.        Review and Construction of Documents. Each
      Credit Party (a) has had the opportunity to consult with legal counsel of its own choice and has been afforded an opportunity to review this Amendment with its legal counsel, (b) has reviewed this Amendment and fully understands the effects thereof
      and all terms and provisions contained in this Amendment, and (c) has executed this Amendment of its own free will and volition. Furthermore, each Credit Party acknowledges that (i) this Amendment shall be construed as if jointly drafted by the
      Credit Parties and the Lenders, and (ii) the recitals contained in this Amendment shall be construed to be part of the operative terms and provisions of this Amendment.

   

  SECTION 6.        Post-Closing Covenants. The Companies shall, and shall cause each of the Credit Parties to, satisfy the requirements listed on Schedule

        5.17 attached hereto, on or before the date specified for such requirements or such later date to be determined by Agent, and the deadlines set forth for such requirements in any Credit Document entered into prior to the date hereof shall be
      deemed extended and replaced by the deadlines set forth in such Schedule 5.17.

   

  SECTION 7.        Miscellaneous.

   

  7.1.       Reaffirmation of Credit Documents and Liens.
      All of the terms and provisions of the Credit Agreement and any other Credit Documents shall, except as amended and modified hereby, remain in full force and effect and are hereby ratified and confirmed. Each Credit Party hereby reaffirms the Liens
      securing the Obligations until the Obligations have been paid in full, and agrees that the amendments and modifications herein contained shall in no manner adversely affect or impair the Obligations or the Liens securing payment and performance
      thereof.

  
    8

    
      

  

  7.2.        Parties in Interest. All of the terms and
      provisions of this Amendment shall bind and inure to the benefit of the parties hereto and their respective successors and assigns.

   

  7.3.        Counterparts. This Amendment may be executed
      in counterparts, all of which taken together shall constitute one and the same instrument. Delivery of a counterpart by facsimile or other electronic transmission (e.g., .pdf) shall be effective as delivery of a manually executed original
      counterpart.

   

  7.4.       COMPLETE AGREEMENT. THIS AMENDMENT, THE CREDIT
      AGREEMENT AND THE OTHER CREDIT DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES WITH RESPECT TO THE SUBJECT MATTER THEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE
      ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

   

  7.5.        Release. Companies and each other Credit
      Party on their own behalf and on behalf of their predecessors, successors, heirs, legal representatives and assigns (collectively, the “Releasing Parties”), hereby acknowledge and stipulate that as of the date hereof, none of the Releasing
      Parties has any claims or causes of action of any kind whatsoever against Agent, any other Secured Party or any of their officers, directors, employees, agents, attorneys or representatives, or against any of their respective predecessors, successors
      or assigns (each of the foregoing, collectively, the “Released Parties”). Each of the Releasing Parties hereby forever releases, remises, discharges and holds harmless the Released Parties from any and all claims, causes of action, demands and
      liabilities of any kind whatsoever, whether direct or indirect, fixed or contingent, liquidated or nonliquidated, disputed or undisputed, known or unknown, which any of the Releasing Parties has relating in any way to any event, circumstance, action
      or failure to act by the Released Parties through the date of this Amendment.

   

  7.6.        No Implied Waivers. No failure or delay on
      the part of Agent or the Lenders in exercising, and no course of dealing with respect to, any right, power or privilege under this Amendment, the Credit Agreement or any other Credit Document shall operate as a waiver thereof, nor shall any single or
      partial exercise of any right, power or privilege under this Amendment, the Credit Agreement or any other Credit Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

   

  7.7.        Arms-Length/Good Faith. This Amendment has
      been negotiated at arms-length and in good faith by the parties hereto.

   

  7.8.        Interpretation. Wherever the context hereof
      shall so require, the singular shall include the plural, the masculine gender shall include the feminine gender and the neuter and vice versa. The headings, captions and arrangements used in this Amendment are for convenience only, shall not affect
      the interpretation of this Amendment, and shall not be deemed to limit, amplify or modify the terms of this Amendment, nor affect the meaning thereof.

   

  7.9.      Severability. In case any one or more of the
      provisions contained in this Amendment shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Amendment shall be
      construed as if such invalid, illegal, or unenforceable provision had never been contained herein.

   

  7.10.      Credit Document. Each Credit Party
      acknowledges and agrees that this Amendment is a Credit Document.

   
  
    9

    
      

  

  7.11.      Governing Law. THIS AMENDMENT SHALL BE
      CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

   

  [Signature Pages Follow]

   
  
    10

    
      

  

  IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
      duly executed by their respective authorized officers on the date and year first above written.

   

  	COMPANIES:	SINGLETON ASSETS & OPERATIONS, LLC
	 	LEGENDARY ASSETS & OPERATIONS, LLC
	 	SOUTH FLORIDA ASSETS & OPERATIONS, LLC

   

  	 	By:	/s/ Philip Austin Singleton, Jr.
	 	Name:	Philip Austin Singleton, Jr.
	 	Title:	Manager

   

  	 	BOSUN’S ASSETS & OPERATIONS, LLC
	 	ONE WATER ASSETS & OPERATIONS, LLC
	 	SOUTH SHORE LAKE ERIE ASSETS & OPERATIONS, LLC

   

  	
           

          

        	By:	/s/ Philip Austin Singleton, Jr.
	 	Name:	Philip Austin Singleton, Jr.
	 	Title:	CEO

   

  	 	MIDWEST ASSETS & OPERATIONS, LLC
	 	 	 
	 	By: One Water Assets & Operations, LLC, its Manager

   

  	 	By:	/s/ Philip Austin Singleton, Jr.
	 	Name:	Philip Austin Singleton, Jr.
	 	Title:	CEO

   

  	 	ONEWATER MARINE INC.
	 	 	 
	 	By:	/s/ Philip Austin Singleton, Jr.
	 	Name:	Philip Austin Singleton, Jr. 
	 	Title:	CEO

   

  	HOLDINGS:	ONE WATER MARINE HOLDINGS, LLC
	 	 	 
	 	By:	/s/ Philip Austin Singleton, Jr.
	 	Name:	Philip Austin Singleton, Jr.
	 	Title:	CEO

   

   

  Signature Page to

  Limited Consent, Waiver and Eighteenth Amendment to Credit and Guaranty Agreement

  One Water Marine Holdings, LLC

  
    
      

  

   

  

  	AGENT:	GOLDMAN SACHS SPECIALTY LENDING GROUP, L.P., as Agent 
	 	 	 
	 	By:	/s/ Greg Watts
	 	Name:	Greg Watts
	 	Title:	Senior Vice President

   

  Signature Page to

  Limited Consent, Waiver and Eighteenth Amendment to Credit and Guaranty Agreement

  One Water Marine Holdings, LLC

  
    
      

  

   

   

  

  	LENDER:	GOLDMAN SACHS SPECIALTY LENDING GROUP, L.P., as Lender 
	 	 	 
	 	By:	/s/ Greg Watts
	 	Name:	Greg Watts
	 	Title:	Senior Vice President

   

  Signature Page to

  Limited Consent, Waiver and Eighteenth Amendment to Credit and Guaranty Agreement

  One Water Marine Holdings, LLC

  
    
      

  

   

   

  

  	LENDER:	OWM BIP INVESTOR, LLC, as Lender 
	 	 	 
	 	By:	/s/ John Troiano
	 	Name:	John Troiano
	 	Title:	Manager

  

  

  Signature Page to

  Limited Consent, Waiver and Eighteenth Amendment to Credit and Guaranty Agreement

  One Water Marine Holdings, LLC

  
    
      

  

  ANNEX I

   

  Dissolution Transactions

   

  		1.	Philip Austin Singleton, Jr., as an authorized person of 651 S Federal Highway, LLC, a Delaware limited liability company (“651”), executed a certificate of
            cancellation (the “651 Certificate of Cancellation”) of 651 and filed the same with the Secretary of State of the State of Delaware on November 19, 2019 resulting in One Water Marine Holdings, LLC, a Delaware limited liability company
            becoming the successor in interest of 651 as a matter of law.

   

  		2.	Philip Austin Singleton, Jr., as a director of Sundance Lauderdale Realty, Inc., a Florida corporation (“Sundance”), executed articles
            of dissolution (the “Sundance Articles of Dissolution”) of Sundance and filed the same with the Florida Department of State on November 19, 2019 resulting in South Florida Assets & Operations, LLC, a Florida limited liability company
            becoming the successor in interest of Sundance as a matter of law.

   

  		3.	One Water Assets & Operations, LLC, a Delaware limited liability company (“Intermediate Holdings”), will execute an articles of
            cancellation (the “MAO Maryland Articles of Cancellation”) of Midwest Assets & Operations, LLC, a Maryland limited liability company (“MAO Maryland”), and file the same with the Maryland State Department of Assessments and
            Taxation resulting in Intermediate Holdings becoming the successor in interest of MAO Maryland as a matter of law.

   

  
  
    
      

  

  Schedule 5.17

   

  Post-Closing Matters

   

  		1.	Clepper Real Estate Matters. On or prior to February 29, 2020 (or such later date as agreed upon by Agent in its sole
            discretion), the Credit Parties shall deliver any and all real estate items previously requested or required to be delivered pursuant to Section 1(e) of the Limited Consent and Eleventh Amendment to Credit and Guaranty Agreement dated as of
            February 15, 2019 (the “Clepper Consent”), Section 5.11 of the Credit Agreement and Section 5.16 of the Credit Agreement, in each case, that were not delivered at or prior to the Proposed Acquisition Date (as defined in the Clepper
            Consent) including, without limitation, (i) recorded copies of the limited warranty deed and the deed to secure debt, together with all other documents and fees required by Chicago Title Insurance Company to issue owner’s and loan polices of
            title insurance and (ii) a new or updated survey sufficient to cause Chicago Title Insurance Company to issue new policies, or endorsements to existing policies providing for extended coverage and removal of the survey exception, in the case of
            each clause (i) and clause (ii), satisfactory to Agent.

   

  		2.	Ocean Blue Real Estate Matters. On or prior to February 29, 2020 (or such later date as agreed upon by Agent in its sole
            discretion), the Credit Parties shall deliver any and all real estate items previously requested or required to be delivered pursuant to Section 1(f) of the Limited Consent and Twelfth Amendment to Credit and Guaranty Agreement dated as of
            February 28, 2019 (the “Ocean Blue Consent”), Section 5.11 of the Credit Agreement and Section 5.16 of the Credit Agreement, in each case, that were not delivered at or prior to the Proposed Acquisition Date (as defined in the Ocean Blue
            Consent) including, without limitation, (i) recorded copies of the limited warranty deed and the deed to secure debt, together with all other documents and fees required by Chicago Title Insurance Company to issue owner’s and loan polices of
            title insurance and (ii) a new or updated survey sufficient to cause Chicago Title Insurance Company to issue new policies, or endorsements to existing policies providing for extended coverage and removal of the survey exception, in the case of
            each clause (i) and clause (ii), satisfactory to Agent.

   

  		3.	Other Outstanding Real Estate Matters. On or prior to February 29, 2020 (or such later date as agreed upon by Agent in its sole
            discretion), the Credit Parties shall delivery any and all real estate items previously requested or required to be delivered pursuant to Section 5.11, Section 5.16 and Section 5.17 of the Credit Agreement or under any other relevant provision
            of any other Credit Document, in each case, that were not delivered at or prior to the date hereof.

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