SEC Contract Filing

Filing Date: 2023-07-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2321712d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="margin: 0; text-align: right">EXECUTION VERSION</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>FIRST AMENDMENT TO</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EIGHTH AMENDED AND RESTATED CREDIT AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This <B>FIRST AMENDMENT TO
EIGHTH AMENDED AND RESTATED CREDIT AGREEMENT</B> (this &ldquo;<B><I>Agreement</I></B>&rdquo;) dated as of July&nbsp;18, 2023 is made
by and among <B>FREEDOMROADS, LLC</B>, a Minnesota limited liability company (the &ldquo;<B><I>Company</I></B>&rdquo;), each of the Subsidiaries
of the Company party hereto as borrowers (together with the Company, collectively, the &ldquo;<B><I>Borrowers</I></B>&rdquo;, and each
individually, a &ldquo;<B><I>Borrower</I></B>&rdquo;), <B>FREEDOMROADS INTERMEDIATE HOLDCO, LLC</B>, a Minnesota limited liability company
(&ldquo;<B><I>FRI</I></B>&rdquo;), and each of the Subsidiaries of the Company party hereto as guarantors (collectively, the &ldquo;<B><I>Subsidiary
Guarantors</I></B>&rdquo;, and together with <B>FRI</B>, collectively, the &ldquo;<B><I>Guarantors</I></B>&rdquo;, and each individually,
a &ldquo;<B><I>Guarantor</I></B>&rdquo;), <B>BANK OF AMERICA, N.A.</B>, a national banking association organized and existing under the
laws of the United States (&ldquo;<B><I>Bank of America</I></B>&rdquo;), in its capacity as administrative agent (in such capacity, the
 &ldquo;<B><I>Administrative Agent</I></B>&rdquo;), and each of the Lenders signatory hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>W I T N E S S E T H:</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B></FONT>,
the Borrowers, the Administrative Agent and the Lenders have entered into that certain Eighth Amended and Restated Credit Agreement dated
as of September&nbsp;30, 2021 (as previously amended, as hereby amended and as from time to time hereafter further amended, modified,
supplemented, restated, or amended and restated, the &ldquo;<B><I>Credit Agreement</I></B>&rdquo;), pursuant to which the Lenders have
made available to the Borrowers various credit facilities (capitalized terms used in this Agreement and not otherwise defined herein
shall have the respective meanings given thereto in the Credit Agreement);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B></FONT>,
the Company has requested that the Floor Plan Lenders party hereto increase their respective Floor Plan Commitments by an aggregate amount
of $150,000,000 (the &ldquo;<B><I>2023 Floor Plan Increase</I></B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B></FONT>,
the Loan Parties have advised the Administrative Agent and the Lenders that CWRV Finance Chelsea, LLC, a Minnesota limited liability
company (&ldquo;<B><I>CWRV Chelsea</I></B>&rdquo;) and a wholly owned Subsidiary of Burnside RV Centers, LLC, was formed on November&nbsp;8,
2021, and the Loan Parties failed to deliver the agreements, instruments and documents required by <U>Section&nbsp;6.15</U> of the Credit
Agreement with respect to the formation of CWRV Chelsea within the timeframes required therein (the &ldquo;<B><I>CWRV Chelsea Joinder
Requirement</I></B>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B></FONT>,
the Borrowers and the Guarantors have requested the Administrative Agent and the Lenders agree to (i)&nbsp;amend certain provisions of
the Credit Agreement, and (ii)&nbsp;waive any Default or Event of Default resulting from the failure to comply with the CWRV Chelsea
Joinder Requirement, and the Administrative Agent and the Lenders signatory hereto are willing to effect such amendment and waivers on
the terms and conditions contained in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE</B></FONT>, in consideration of the premises and further valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:</P>

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