13D Filing: Coliseum Capital and Lazydays Holdings Inc (LAZY)

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CUSIP No. 52110H 100

The Issuer may call CCPs or the Separate Accounts Warrants for redemption at a price of $0.01 per
Warrant, if each of the following conditions is met:

the reported last sale price of the Common Stock equals or exceeds $24.00 per share, for any 20 trading days within a 30-day trading period ending on the third business day prior to the notice of redemption to holders of Warrants;

the Issuer provides not less than 30 days prior irrevocable written notice of redemption to the holder of not less than all of the holders unexercised Warrants, and the Issuer honors all of the holders exercises of its Warrants through the 30-day period;

there is a current registration statement in effect as of the end of the 30-day period with respect to the Common Stock underlying such Warrants;

the Common Stock underlying the Warrants is listed or quoted for trading; and

the Issuer has not provided the Holder any information that constitutes, or might constitute, material non-public information;

The foregoing summary of the Warrants does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the form of
Warrants received by each of CPP and the Separate Account , a copy of which is filed as Exhibit 4, respectively, to this Schedule 13D and are incorporated by reference herein.

Registration Rights Agreement

On March 15,
2018, in connection with the Closing and the entry into the Securities Purchase Agreement, the Issuer entered into a Registration Rights Agreement (the Registration Rights Agreement) with CCP and the Separate Account, providing
for the registration under the Securities Act of 1933, as amended (the Securities Act), of (i) the Preferred Stock, (ii) the Warrants, (iii) all shares issuable upon the exercise of the Warrants and upon the
conversion of the Preferred Stock, and (iv) any securities issued or then issuable upon any stock split, dividend or other distribution, recapitalization or similar even with respect to the foregoing.

The foregoing summary of the Registration Rights Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text
of the form of Registration Rights Agreement, which is filed as Exhibit 5 to this Schedule 13D and is incorporated by reference herein.

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