SEC Contract Filing

Filing Date: 2023-03-01

Document Content:
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<TYPE>EX-10.7
<SEQUENCE>3
<FILENAME>ex10-7.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U></U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.7</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>TRANSITION
AGREEMENT</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Transition Agreement (this &ldquo;Agreement&rdquo;) is entered into between Nicholas Tomashot (the &ldquo;Employee&rdquo;) and Lazydays
Holdings, Inc., a Delaware corporation, and its subsidiaries (the &ldquo;Employer&rdquo;) (the Employer and the Employee may each be
referred to individually as a &ldquo;Party&rdquo; or collectively as the &ldquo;Parties&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>BACKGROUND</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Employee is employed as Chief Financial Officer of the Employer (the &ldquo;Employment&rdquo;). The Employee has voluntarily elected
to resign as Chief Financial Officer of the Employer on November 15, 2022 (the &ldquo;Transition Date&rdquo;). After the Transition Date,
the Employee will continue as an employee of the Employer until November 1, 2023 (the &ldquo;Separation Date&rdquo;). The Parties desire
to amicably separate in accordance with the terms and conditions of this Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accordingly,
in consideration of the mutual covenants and agreements set forth in this Agreement, the Parties agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TERMS</B></FONT></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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 <TD STYLE="padding: 0pt; font: 10pt/107% Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 107%"></FONT></TD>
 <TD STYLE="width: 0.25in">1.</TD>
 <TD STYLE="text-align: justify; padding: 0pt; font: 10pt/107% Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 107%"><B>Payment.
 </B>In exchange for the promises and consideration provided in this Agreement, and conditioned upon the Employee&rsquo;s execution
 and non-revocation of this Agreement and the documentation contemplated by this Agreement, the Parties agrees to the following: </FONT></TD></TR>
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 <TD STYLE="text-align: justify; padding: 0pt; font: 10pt/107% Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 107%">(a)</FONT></TD>
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