# EDGAR Filing Document

**Accession Number:** 0001708176
**File Stem:** 0001140361-25-036988
**Filing Date:** 2025-10
**Character Count:** 24753
**Document Hash:** c780843ca550b15be80292658355149c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-036988.hdr.sgml**: 20251001

**ACCESSION NUMBER**: 0001140361-25-036988

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250930

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251001

**DATE AS OF CHANGE**: 20251001

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hall of Fame Resort & Entertainment Co
- **CENTRAL INDEX KEY:** 0001708176
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 843235695
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38363
- **FILM NUMBER:** 251364663

**BUSINESS ADDRESS:**
- **STREET 1:** 2626 FULTON DRIVE NW
- **CITY:** CANTON
- **STATE:** OH
- **ZIP:** 44718
- **BUSINESS PHONE:** (412) 960-4687

**MAIL ADDRESS:**
- **STREET 1:** 2626 FULTON DRIVE NW
- **CITY:** CANTON
- **STATE:** OH
- **ZIP:** 44718

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gordon Pointe Acquisition Corp.
- **DATE OF NAME CHANGE:** 20180122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gordon Pointe Acqusition Corp.
- **DATE OF NAME CHANGE:** 20170601

?xml version='1.0' encoding='ASCII'?

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### PURSUANT TO SECTION 13 OR 15(d) OF

#### THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): **September 30, 2025**

## HALL OF FAME RESORT & ENTERTAINMENT COMPANY
(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware**<br>| **001-38363**  | **84-3235695**<br>|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

#### 2014 Champions Gateway, Suite 100

#### Canton, OH 44708
(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: **(330) 458-9176**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.0001 par value per share<br>| HOFV | OTC Pink Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 1.01.** | **Entry into a Material Definitive Agreement.** |

---

On September 30, 2025, Hall of Fame Resort & Entertainment Company, a Delaware corporation (the "<u>Company</u>"), and its subsidiaries HOF Village Newco, LLC, a Delaware limited liability company ("<u>Newco</u>"), HOF Village Retail I, LLC, a Delaware limited liability company ("<u>Retail I</u>"), and HOF Village Retail II, LLC, a Delaware limited liability company ("<u>Retail II</u>," and collectively with the Company, Newco and Retail I, "<u>Borrowers</u>"), entered into an Eleventh Amendment ("<u>Eleventh Amendment</u>") to Note and Security Agreement ("<u>Note</u>"), with CH Capital Lending, LLC, a Delaware limited liability company ("<u>CHCL</u>"). CHCL is an affiliate of Stuart Lichter, a director of the Company.

The Eleventh Amendment modifies the definition of "Facility Amount" in Section 1 of the original Note and Security Agreement (as amended prior to the Eleventh Amendment) to increase the facility amount from $17,000,000 to $20,000,000 allowing the Borrowers to request an additional $3,000,000 for general corporate purposes, subject to certain restrictions, and extends the definition of "Maturity Date". In the event that the Take Private Transaction (as defined in the Note) is not consummated on or prior to October 17, 2025, for any reason including, without limitation, the continuing failure to obtain the consent of the holders of the Company's 8% Convertible Notes due 2025, the Eleventh Amendment includes certain covenants, among them, the Company's obligation to facilitate the expeditious transfer of all collateral granted to Lender and any of its affiliates under this Note and any of the IRG Affiliate Debt Documents as well as certain other rights with respect to foreclosure proceedings. The Eleventh Amendment also acknowledges that the Company's Board of Directors has authorized and directed management to cooperate with Lender in the preparation of the necessary agreements, instruments and documents relating to the foreclosure of various properties that provide collateral for the loans and other financial accommodations issued and outstanding pursuant to the Note and the IRG Affiliate Debt Documents.

The foregoing description of the Eleventh Amendment does not purport to be complete and is qualified in its entirety by the full text of the Eleventh Amendment, attached hereto as Exhibit 10.1 to this Current Report on Form 8-K.

---

| | |
|:---|:---|
| **Item 2.03.** | **Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.** |

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The information set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 2.03.

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| | |
|:---|:---|
| **Item 8.01** | **Other Events.** |

---

As previously disclosed, on September 5, 2025, the Company received a Notice of Intent to Terminate Merger Agreement and Non-Extension of Note & Security Agreement (the "<u>Notice</u>") from the HOFV Holdings, LLC ("<u>Parent</u>"), Omaha Merger Sub, Inc. (the "Merger Sub" and together with Parent, the "<u>Buyer Parties</u>") and certain of their affiliates. Pursuant to the Notice, the Buyer Parties and CHCL provided written notice of their intention to terminate that certain Agreement and Plan of Merger, dated May 7, 2025, by and among the Company, the Buyer Parties, and CHCL solely as guarantor (the "<u>Merger Agreement</u>") under Section 8.1(e) on September 17, 2025, due to the Company's failure to perform its obligations thereunder. On September 16, 2025, the Company received a letter from the Buyer Parties and certain of their affiliates that extended such termination date to September 30, 2025.

On September 30, 2025, the Company received an additional letter (the "<u>Letter</u>") from the Buyer Parties and certain of their affiliates providing that in consideration of the agreements set forth in the Eleventh Amendment, the termination date of September 30, 2025 had been extended to October 17, 2025, and further, Parent agreed to forbear from exercising its rights and remedies under the Merger Agreement, prior to such date, absent any earlier default by the Company of any of its obligations under and pursuant to the Merger Agreement other than the obligations arising under Section 7.2(g) of the Merger Agreement with respect to receipt of third party consents to the transaction from the holders of the Company's 8% Convertible Notes due 2025.

If the Company is unable to obtain the consent of the holders of the Company's 8% Convertible Notes due 2025 to resolve the asserted default under the Merger Agreement, the foregoing would be expected to have a material adverse effect on the Company's liquidity and financial condition and may render the Company insolvent and unable to sustain its operations and continue as a going concern. No assurance can be provided that the Company will be able to refinance, restructure or repay its indebtedness or to continue as a going concern.

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The foregoing information is a summary of the material terms of the Letter described above, is not complete, and is qualified in its entirety by reference to the full text of the Letter, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference. Readers should review the Letter for a complete understanding of the terms and conditions thereto.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [10.1](ef20056539_ex10-1.htm) | Eleventh Amendment to Note & Security Agreement, dated September 30, 2025, between Hall of Fame Resort & Entertainment Company, HOF Village Newco, LLC, HOF Village Retail I, LLC and HOF Village Retail II, LLC, as borrowers and CH Capital Lending, LLC, as lender |
| [99.1](ef20056539_ex99-1.htm) | Letter, dated September 30, 2025, from HOFV Holdings, LLC, CH Capital Lending, LLC, IRG, LLC, and Midwest Lender Fund, LLC |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  | **HALL OF FAME RESORT & ENTERTAINMENT COMPANY** | **HALL OF FAME RESORT & ENTERTAINMENT COMPANY** | **HALL OF FAME RESORT & ENTERTAINMENT COMPANY** |
|  | By: | /s/ Lisa Gould | /s/ Lisa Gould |
|  |  | Name: | Lisa Gould |
|  |  | Title: | Interim Chief Executive Officer |
| Dated: October 1, 2025 |  |  |  |

---

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## Exhibit 10.1

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#### Exhibit 10.1<br>

#### <br>

#### ELEVENTH AMENDMENT

#### TO

#### NOTE AND SECURITY AGREEMENT
This ELEVENTH AMENDMENT (this "***Amendment***") TO NOTE AND SECURITY AGREEMENT effective as of September 30, 2025 amends that certain Note and Security Agreement dated November 14, 2024, as amended, restated, supplemented and otherwise modified from time to time up to the date hereof (the "***Note***"), among CH CAPITAL LENDING, LLC, a Delaware limited liability company (the "***Lender***"), HALL OF FAME RESORT & ENTERTAINMENT COMPANY, a Delaware corporation ("***HOFREC***"), HOF VILLAGE NEWCO, LLC, a Delaware limited liability company ("***NewCo***"), HOF VILLAGE RETAIL I, LLC, a Delaware limited liability company ("***HOF VR I***"), HOF VILLAGE RETAIL II, LLC, a Delaware limited liability company ("***HOF VR II***", and collectively with HOFREC, NewCo and HOF VR I, each a "***Borrower***" and, collectively, jointly and severally, "***Borrowers***"). Capitalized terms not otherwise defined herein shall have the meaning set forth in the Note.

WHEREAS, on May 7, 2025, HOFREC, HOFV Holdings, LLC ("***Parent***") and certain other parties entered into the Agreement and Plan of Merger (the "***Merger Agreement***") relating to the Take Private Transaction;

WHEREAS, on September 5, 2025, Parent and Lender delivered to HOFREC, among other things, a Notice of Termination of the Merger Agreement (the "***Termination Notice***") effective September 17, 2025 (the "***Termination Date***"), absent the earlier cure by HOFREC of the defaults under the Merger Agreement enumerated in the Termination Notice;

WHEREAS, on September 30, 2025, Parent and Lender delivered to HOFREC a notice of extension of the Termination Date to October 17, 2025 (the "***Extension***"), pursuant to which the Parent agreed to forbear from exercising its rights and remedies under the Merger Agreement until October 17, 2025 absent any earlier default by HOFREC of its obligations under and pursuant to the Merger Agreement other than the obligations arising under Section 7.2(g) of the Merger Agreement;

WHEREAS, Lender's willingness to grant the Extension is subject to the Lender and the Borrowers amending certain provisions of the Note to, among other things, reflect the foregoing agreements; and

WHEREAS, pursuant to Section 7.05 of the Note, the Note may be amended by a written agreement signed by the Borrowers and Lender.

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein made and other good and valuable consideration, the undersigned agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The definition of "***Facility Amount***" in Section 1 of the Note is amended and restated in its entirety to read as follows: ""***Facility Amount***" means $20,000,000."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The definition of "***Maturity Date***" in Section 1 of the Note is amended and restated in its entirety to read as follows: ""***Maturity Date***" means the earliest to occur of (i) October 17, 2025, (ii) the closing of the Take Private Transaction, (iii) the Termination Date, as such term is defined in any definitive agreement and plan of merger entered in connection with the Take Private Transaction, if applicable, and (iv) the occurrence of an Event of Default."

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 5.06 of the Note is hereby amended and restated in its entirety to read as follows:

"5.06<u> </u><u>**Milestones.**</u> HOFREC and Lender will use their respective commercially reasonable best efforts to achieve the Take Private Transaction deal milestones mutually agreed by the parties hereto including, without limitation, Lender will cooperate and support HOFREC's efforts to obtain the necessary consents from the holders of the 8% Convertible Notes due 2025 and, in the event a proposal is forthcoming, Lender will direct its management and legal and financial advisors to promptly evaluate the proposed terms and respond with respect to the feasibility of any such proposal from the perspective of the capital structure of HOFV Holdings, LLC post-merger and any recommended adjustments thereto; provided that the failure by either HOFREC or Lender to comply with this covenant shall not give rise to a breach under the Merger Agreement or impact the determination of whether the condition to closing set forth in Section 7.2(g) of the Merger Agreement has been satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HOFREC will and will cause each of its affiliates to use its and their best efforts to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; cooperate and support Lender's and its affiliates preparation of the documentation necessary to facilitate the expeditious transfer of all collateral granted to Lender and any of its affiliates under this Note and any of the IRG Affiliate Debt Documents to Lender and/or its designees pursuant to appropriate foreclosure proceedings selected by Lender, such proceedings to be initiated on October 20, 2025 or such later date as Lender shall stipulate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; assist Lender and its affiliates in discussions with various other creditors of HOFREC and/or its affiliates regarding outstanding indebtedness and liens held by such creditors, and any consents, amendments or modifications necessary in connection with the contemplated foreclosure proceedings <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp; effective with the initiation of any foreclosure proceedings, grant Lender and/or its affiliates a license to use specified trade names owned by HOFREC and its affiliates; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp; effective with the initiation of any foreclosure proceedings, enter into a transition services agreement with Lender and/or its affiliates in form and substance satisfactory to Lender pursuant to which Lender and/or its affiliates, following the completion of the foreclosure process, will continue to support the day-to-day operations of HOFREC utilizing existing employees and facilities to enable HOFREC to continue operation of the business in the ordinary course of business, including, without limitation, fulfilling HOFEC's contractual commitments for various events scheduled for October."

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp; HOFREC represents and warrants that on September 15, 2025 and September 30, 2025, the HOFREC Board authorized and directed HOFREC management to take appropriate steps to cooperate with Lender in the preparation of the necessary agreements, instruments and documents relating to the foreclosure of various properties that provide collateral for the loans and other financial accommodations issued and outstanding pursuant to the Note and the IRG Affiliate Debt Documents, pursuant to one or more warranty deeds and such other documents, instruments, agreements and certificates, and upon such terms and conditions as may be required by Lender and the applicable title company insuring such conveyance, in each case at any time after the occurrence of any event of default under the Subject IRG Debt Instruments (as defined in the Termination Notice) (including non-payment of the balance of all loans made pursuant to the Note and the Subject IRG Debt Instruments in full) and directed HOFREC management to take all appropriate action to carry out and make effective such action as approved by the HOFREC Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp; Except as expressly amended in accordance with this Amendment, the Note and the Loan Documents (as defined in the Note) shall remain unmodified and in full force and effect. Any reference to the Note in any other document shall refer to the Note as amended hereby. In the event of any conflict between the terms of the Note and the terms of this Amendment, the terms of this Amendment shall control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp; This Amendment may be executed, including by electronic transmission, in one or more counterparts, each of which when so executed shall be deemed to be an original and all of which together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp; This Amendment shall be construed and enforced in accordance with the laws of the State of New York without regard to the application of the principles of conflicts or choice or laws (other than New York General Obligations Law 5-1401 and 5-1402).

[Signature Pages Follow]

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IN WITNESS WHEREOF, the undersigned have executed this Amendment on the day and year first indicated above.

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| | |
|:---|:---|
| **BORROWERS:** | **BORROWERS:** |
| HALL OF FAME RESORT & ENTERTAINMENT COMPANY, a Delaware corporation | HALL OF FAME RESORT & ENTERTAINMENT COMPANY, a Delaware corporation |
| By:<br>| /s/ Lisa Gould |
| Name: Lisa Gould<br> Title: Executive Vice President of Business Administration | Name: Lisa Gould<br> Title: Executive Vice President of Business Administration |
| HOF VILLAGE NEWCO, LLC, a Delaware limited liability company | HOF VILLAGE NEWCO, LLC, a Delaware limited liability company |
| By:<br>| /s/ Lisa Gould |
| Name: Lisa Gould<br> Title: Executive Vice President of Business Administration | Name: Lisa Gould<br> Title: Executive Vice President of Business Administration |
| HOF VILLAGE RETAIL I, LLC, a Delaware limited liability company | HOF VILLAGE RETAIL I, LLC, a Delaware limited liability company |
| By:<br>| /s/ Lisa Gould |
| Name: Lisa Gould<br> Title: Executive Vice President of Business Administration | Name: Lisa Gould<br> Title: Executive Vice President of Business Administration |
| HOF VILLAGE RETAIL II, LLC, a Delaware limited liability company | HOF VILLAGE RETAIL II, LLC, a Delaware limited liability company |
| By:<br>| /s/ Lisa Gould |
| Name: Lisa Gould<br> Title: Executive Vice President of Business Administration | Name: Lisa Gould<br> Title: Executive Vice President of Business Administration |

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| | |
|:---|:---|
| **LENDER**: | **LENDER**: |
| CH CAPITAL LENDING, LLC, a Delaware limited liability company | CH CAPITAL LENDING, LLC, a Delaware limited liability company |
| By: Holdings SPE Manager, LLC, its Manager | By: Holdings SPE Manager, LLC, its Manager |
| By:<br>| /s/ Richard H. Klein |
| Name: Richard H. Klein<br> Title: Chief Financial Officer | Name: Richard H. Klein<br> Title: Chief Financial Officer |

---

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| | |
|:---|:---|
| **AGREED AND ACKNOWLEDGED**: | **AGREED AND ACKNOWLEDGED**: |
| IRG, LLC, a Nevada limited liability company | IRG, LLC, a Nevada limited liability company |
| By: S.L. Properties, Inc., its Manager | By: S.L. Properties, Inc., its Manager |
| By: | /s/ Stuart Lichter |
| Name: Stuart Lichter | Name: Stuart Lichter |
| Title: President | Title: President |
| MIDWEST LENDER FUND, LLC, a Delaware | MIDWEST LENDER FUND, LLC, a Delaware |
| limited liability company | limited liability company |
| By: S.L. Properties, Inc., its Manager | By: S.L. Properties, Inc., its Manager |
| By: | /s/ Stuart Lichter |
| Name: Stuart Lichter | Name: Stuart Lichter |
| Title: President | Title: President |

---

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## Exhibit 99.1

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**Exhibit 99.1**<br>

#### VIA ELECTRONIC MAIL

September 30, 2025

Hall of Fame Resort and Entertainment Company

2014 Champions Gateway, Suite 100

Canton, Ohio 44706

Attn: Karl Holz Tim Kelly

#### Re: Extension of Termination Date

Dear Karl and Tim:

Reference is made to our correspondence to the Company dated September 16, 2025, referencing "Extension of Termination Date" (the "**Termination Date Extension Notice**"). Terms used herein with an initial capital letter and not otherwise defined are used as defined in the Termination Date Extension Notice.

#### Extension of Termination Date

In consideration of the agreements set forth in that certain Amendment No. 11 to the Note & Security Agreement of even date herewith, by and among the Company, Newco, HOF Village Retail I, LLC, HOF Village Retail II, LLC, and the Bridge Lender, the Termination Date is extended to October 17, 2025, and Parent agrees to forbear from exercising its rights and remedies under the Merger Agreement absent any earlier default by the Company of any of its obligations under and pursuant to the Merger Agreement other than the obligations arising under Section 7.2(g) of the Merger Agreement.

[Remainder of page intentionally left blank; signature page follows]

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| | |
|:---|:---|
| Sincerely, | Sincerely, |
| HOFV Holdings, LLC | HOFV Holdings, LLC |
| By: | /s/ Stuart Lichter |
|  | Stuart Lichter |
|  | President |

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| | |
|:---|:---|
| **CH Capital Lending, LLC** | **CH Capital Lending, LLC** |
| By: | /s/ Richard Klein |
|  | Richard Klein |
|  | Chief financial Officer |

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| | |
|:---|:---|
| **IRG, LLC** | **IRG, LLC** |
| By: | S.L. Properties, Inc. its Manager |

---

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| | |
|:---|:---|
| By: | /s/ Stuart Lichter |
|  | Stuart Lichter |
|  | President |

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| | |
|:---|:---|
| **Midwest Lender Fund, LLC** | **Midwest Lender Fund, LLC** |
| By: | S.L. Properties, Inc. its Manager |
| By: | /s/ Stuart Lichter |
|  | Stuart Lichter |
|  | President |

---

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