Document:

Exhibit
10.24

 

AMENDED
AND RESTATED

 

UNSECURED
PROMISSORY NOTE

 

(MEZZANINE
DEBT)

 

	$150,000,000.00	 	October
    15, 2017

 

FOR
VALUE RECEIVED, HOF VILLAGE, LLC, a Delaware limited liability company (“Borrower”), hereby unconditionally
promises to pay to the order of AMERICAN CAPITAL CENTER, LLC, a Delaware limited liability company (together, with its
successors and/or assigns, “Lender”), the principal amount of up to ONE HUNDRED FIFTY MILLION and NO/100
U.S. DOLLARS ($150,000,000.00), or so much thereof as may have been Advanced by Lender to Borrower in accordance with the
terms and conditions of this Amended and Restated Promissory Note (together with all amendments, modifications, supplements, renewals,
consolidations and extensions thereof, this “Note”), together with interest thereon as set forth below, in
lawful money of the United States of America, which, at the time of payment, shall be legal tender in payment of all debts and
dues, public and private. This Note amends, restates and supersedes that certain Unsecured Promissory Note, dated January 1, 2016,
between Borrower and Lender’s predecessor.

 

1.
Definitions. Any capitalized terms used but not otherwise defined herein shall have the meanings set forth below:

 

“Advance”
means any loan of funds from Lender to or on account of Borrower pursuant to this Note. Borrower acknowledges that Lender
may terminate future Advances at any time in its sole and absolute discretion.

 

“Default
Rate” means a rate of six percent (6%) per annum in addition to the Note Rate.

 

“Final
Payment” means the final payment due on the Maturity Date of all unpaid principal, interest, charges and other amounts
due under this Note.

 

“Maturity
Date” means the last day of the sixtieth (60th) month following the month in which the first Advance takes
place; the Maturity Date may be extended for two (2) one (1) year extensions (the “Extension”).

 

“Note
Rate” means twelve percent (12%) per annum compounded monthly.

 

“Payment”
means the Final Payment and/or any other payment required to be made by Borrower pursuant to the terms hereof.

 

“Term”
means the period commencing on the date hereof and ending on the Maturity Date, subject to the Extension(s) set forth herein.

 

     

     

    

 

2.
Rate of Interest. Interest on funds Advanced hereunder shall:

 

(a)
From and after the date of each Advance until the Maturity Date, accrue at the applicable Note Rate;

 

(b)
Be computed upon Advances of the Loan from and including the date of each Advance by Lender to or for the account of Borrower
(whether to an escrow account, an affiliate of Borrower or otherwise), on the basis of a three hundred sixty (360) day year and
the actual number of days elapsed in any portion of a month in which Interest is due; and

 

(c)
Be paid by Borrower to Lender on the first day of each month, in arrears, during the Term or deferred as provided in Section
3(g). If interest is not paid monthly, accrued interest outstanding on the last day of each month shall be added to principal
and compounded monthly thereafter.

 

In
addition, in the event that, and for so long as, any Event of Default shall have occurred and be continuing, (i) the outstanding
principal balance of the Loan and, to the extent permitted by applicable law, overdue Interest with respect to the Loan, each
shall accrue Interest at the Default Rate, and (ii) all references herein to the “Interest Rate” or the “Note
Rate” shall be deemed to refer to the Default Rate.

 

3.
Payments.

 

(a)
The Final Payment shall be due and payable in full on the Maturity Date.

 

(b)
Except as otherwise specifically provided herein, all payments and prepayments under this Note shall be made to Lender not later
than 5 p.m. (ET) on the date when due and shall be made in lawful money of the United States of America by wire transfer of immediately
available funds at Lender’s office or at such other place or to such other party or parties as Lender from time to time
may designate, and any funds received by Lender after such time, for all purposes hereof, shall be deemed to have been paid on
the next succeeding Business Day.

 

(c)
Prior to an Event of Default hereunder, all payments shall be applied first to fees and other costs due Lender, then to Interest
on the outstanding principal balance at the Note Rate and any remaining balance then shall be applied to reduction of principal.
Subsequent to an Event of Default, Lender shall be entitled to allocate all Payment(s) received by Lender to principal, interest,
fees and/or charges in such order as Lender may elect in its sole discretion.

 

(d)
Whenever any Payment to be made hereunder shall be stated to be due on a day that is not a Business Day, such Payment shall be
made on the next succeeding Business Day and such extension of time shall be included in the computation of the Interest due hereunder.

 

(e)
All Payments made on this Note shall be made irrespective of, and without deduction for, any setoff, claim or counterclaim, reduction,
deferral, abatement or rescission, free and clear of, and without deduction for, any taxes, fees or other charges of any nature
whatsoever.

 

    2

     

    

 

(f)
In addition to the payments required hereunder, Borrower shall also pay Lender an origination fee (“Origination Fee”)
in an amount equal to of one percent (1%) of each Advance of principal made by Lender which shall be due and payable at the time
of each Advance made under this Loan. Borrower may, however, elect to pay the Origination Fee, or any portion thereof, upon substantial
completion of construction, in which event the Origination Fee shall be added to principal and accrue interest thereon at the
Interest Rate from the date due until paid. Lender shall be entitled to revoke any deferral of the Origination Fee at any time
in its sole discretion on at least ten (10) days’ advance notice in which event Borrower shall commence paying the Origination
Fee on subsequent Advances immediately upon receipt of written notice from Lender.

 

(g)
Notwithstanding any other provision of this Note, Lender hereby allows Borrower to defer all or a portion of the interest payments
then due until the completion of construction of the Project in which event any accrued but unpaid interest shall be added to
the principal balance of the Loan and compound monthly. Lender shall be entitled to revoke any deferral of interest at any time
in its sole discretion on at least ten (10) days’ advance notice in which event Borrower shall commence making interest
payments on the outstanding Loan balance immediately upon receipt of written notice from Lender.

 

4.
Prepayment. The principal amount of the Loan may not be prepaid, either in whole or in part, whether voluntarily or involuntarily,
until the initial Maturity Date without the express written consent of Lender whose consent may be granted or withheld in its
sole discretion. Borrower may, however, pay any accrued interest at any time without any prepayment penalty, premium, restriction
or consent of Lender being required. In the event Lender permits a prepayment, any further Advance under this Note shall be treated
as a new Advance hereunder. From and after the initial Maturity Date, Borrower shall have the right to prepay all or any portion
of the outstanding principal amount of this Note at any time provided all of the following conditions have been satisfied:

 

(i)
Written notice of such prepayment is received by Lender not more than sixty (60) days and not less than thirty (30) days prior
to the date of such prepayment;

 

(ii)
No Event of Default shall have occurred and be continuing at the time Borrower gives notice of its intent to prepay or on the
date of such prepayment; provided, however, that, in the Event of Default (other than pursuant to bankruptcy, dissolution or insolvency),
Borrower may prepay all amounts then due and owing hereunder regardless of whether or not Lender has accelerated this Note and
the amounts due and owing hereunder;

 

(iii)
Such prepayment is accompanied by all Interest accrued hereunder, the Origination Fee and all other sums due hereunder with respect
to the amount being prepaid, including, without limitation, all reasonable costs and expenses incurred by Lender or its agents
in connection with such prepayment;

 

(iv)
For partial prepayments, the prepayment amount shall be in minimum principal amounts of Five Hundred Thousand and No/100 U.S.
Dollars ($500,000.00) and are in $500,000 segments (i.e. $500,000, $1,000,000, $1,500,000, etc.); and

 

    3

     

    

 

(v)
Borrower shall obtain and deliver to Lender, at Borrower’s sole cost and expense, such certificates, opinions, documents
or instruments as Lender may require.

 

5.
Late Charge Provision. Borrower acknowledges that late payment to Lender will cause Lender to incur costs not contemplated
by this loan. Such costs include, without limitation, processing and accounting charges and loss of use of funds. Therefore, if
any installment is not received by Lender within ten (10) days following its due date, Borrower shall pay to Lender an additional
sum equal to four percent (4%) of the overdue amount as a late fee. The late fee shall be paid to Lender within ten (10) days
after the date incurred or such failure to pay shall be a default hereunder. The parties agree that this late charge represents
a reasonable sum considering all the circumstances existing on the date of this Note represents a fair and reasonable estimate
of the costs that Lender will incur by reason of late payment. The parties further agree that proof of actual damages would be
costly or inconvenient. Acceptance of any late charge will not consist of a waiver of the default with respect to the overdue
amount and shall not prevent Lender from exercising any of its other rights and remedies available to Lender. No late fee shall
be charged on any deferred payments under Sections 3(f) or (g) hereof, unless Lender has revoked either such deferral provisions
as provided therein.

 

6.
Collection and Enforcement Costs. Borrower, upon demand, shall pay Lender for all costs and expenses (including, without
limitation, reasonable attorneys’ fees) paid or incurred by Lender in connection with the preparation and negotiation of
this loan transaction, the collection of any sum due or the enforcement of any of Lender’s rights or remedies or Borrower’s
obligations under this Note (including, without limitation, title, filing, recording, appraisal, environmental, trustee and other
costs and fees).

 

7.
Continuing Liability. The obligation of Borrower to pay the outstanding principal balance under this Note, Interest and
all other sums due hereunder shall continue in full force and effect and in no way be impaired until the actual payment thereof
to Lender.

 

8.
Waivers.

 

(a)
No provision in this Note (including, without limitation, the provisions for interest at the Default Rate) shall be construed
as in any way excusing Borrower from its obligation to make each Payment under this Note promptly when due. The acceptance by
Lender of any Payment under this Note after the date that such Payment is due shall not constitute a waiver of the right to require
prompt payment when due of future or succeeding Payment(s) or to declare a default as herein provided for any failure to so pay.
The acceptance by Lender of payment hereunder that is less than payment in full of all amounts due at the time of such payment
shall not, without the express written consent of Lender, (i) constitute a waiver of the right to exercise any of Lender’s
remedies at that time or at any subsequent time, (ii) constitute an accord and satisfaction, or (iii) nullify any prior exercise
of any remedy.

 

    4

     

    

 

(b)
Borrower and any future endorsers, sureties and guarantors hereof, jointly and severally, waive diligence, presentment for payment,
demand, notice of nonpayment, notice of dishonor, protest of any dishonor, notice of protest, and protest of this Note, and all
other notices in connection with the delivery, acceptance, performance, default (except notice of default or “Event of Default”
as are required hereby, if any), or enforcement of the payment of this Note, and they agree that the liability of each of them
shall be unconditional without regard to the liability of any other party and shall not be affected in any manner by an indulgence,
extension of time, renewal, waiver or modification granted or consented to by Lender. Borrower and all future endorsers, sureties
and guarantors hereof consent to any and all extensions of time, renewals, waivers or modifications that may be granted by Lender
with respect to the payment or other provisions of this Note, and to the release of the collateral, or any part thereof, with
or without substitution, and agree that additional borrowers, endorsers, guarantors or sureties may become parties hereto without
notice to them or affecting their liability hereunder. The release of any party liable hereon shall not operate to release any
other party liable hereon.

 

(c)
Lender shall not, by any act of omission or commission, be deemed to waive any of its rights or remedies hereunder unless such
waiver be in writing and signed by Lender, and then only to the extent specifically set forth therein; a waiver of one (1) event
shall not be construed as continuing or as a bar to or waiver of such right or remedy on a subsequent event.

 

(d)
To the maximum extent permitted by law, Borrower hereby waives and renounces for itself and for its heirs, successors and assigns
all rights to the benefits of any statute of limitations and any moratorium, reinstatement, marshalling, forbearance, valuation,
stay, extension, redemption, appraisement, exemption now provided, or that hereafter may be provided, by the Constitution and
laws of the United States of America and of the state of Ohio, both as to itself and in and to all of its property, real and personal,
against the enforcement and collection of the obligations evidenced by this Note.

 

9.
Default and Acceleration. The Loan, without notice, shall become due and payable immediately at the option of Lender if
any Payment required under this Note is not paid on or prior to the date when due (giving effect to applicable notice and grace
periods provided herein) or if not paid on the Maturity Date or on the happening of any other Event of Default.

 

10.
Event of Default. For purposes hereof, the following shall constitute an “Event of “Default”:

 

a.
The failure of Borrower to pay any installment of principal or interest on this Note within five (5) days of the date such payment
is due and payable.

 

b.
The failure of Borrower to pay any late fee within ten (10) days of the date such late fee is due and payable.

 

c.
The failure of Borrower to pay any other sum required to be paid by Borrower under this Note within five (5) days of the date
such payment becomes due and payable, unless an earlier date is provided therein.

 

d.
IRG Canton Village Manager, LLC, or an affiliate thereof, fails to maintain control, directly or indirectly of Borrower, without
the prior written consent of Lender whose consent may be withheld in Lender’s sole and absolute discretion.

 

e.
Borrower failing to comply with all the terms and conditions of the Note.

 

    5

     

    

 

11.
Notices. Any notice, payment, demand or other communication required or permitted to be given by any provision of this
Note shall be in writing and shall be given personally or by national overnight carrier to the last known address of the other
party.

 

12.
Entire Agreement. This Note constitutes the parties’ entire agreement with respect to the subject matter hereof and
supersedes all agreements, representations, warranties, statements, promises and understandings, whether oral or written, with
respect to the subject matter hereof or thereof.

 

13.
No Oral Changes. This Note may not be modified, amended, waived, extended, changed, discharged or terminated orally or
by any act or failure to act on the part of Borrower or Lender, but only by an agreement in writing signed by the party against
whom enforcement of any modification, amendment, waiver, extension, change, discharge or termination is sought. The provisions
of this Note shall extend and be applicable to all renewals, amendments, extensions, supplements, consolidations and modifications
hereof, and any and all references herein to the Note shall be deemed to include any such renewals, amendments, extensions, supplements,
consolidations or modifications thereof

 

14.
Interest Rate Limitation. Borrower and Lender stipulate and agree that none of the terms and provisions contained herein
shall be construed to create a contract for the use, forbearance or detention of money requiring payment of Interest at a rate
in excess of the maximum interest rate permitted to be charged by the laws of the state of Ohio. In the event Lender collects
monies that are deemed to constitute Interest that would have the effect of increasing the effective interest rate under this
Note to a rate in excess of the maximum interest rate permitted to be charged by the laws of the state of Ohio, the rate of Interest
of this Note shall be deemed to be reduced immediately to such maximum permitted interest rate and all sums previously collected,
at the option of Lender, shall be credited to the payment of principal due hereunder or returned to Borrower.

 

15.
No Assignment. This Note may not be assigned by Borrower unless Lender consents, in writing, to such assignment or assumption.
No such assignment shall release Borrower of its obligations hereunder.

 

16.
Successors and Assigns. This Note shall be binding upon and shall inure to the benefit of Borrower and Lender and their
respective successors and assigns.

 

17.
Choice of Law. This Note, the rights of the parties hereunder and any documents, instruments or agreements mentioned or
referred to herein shall be governed by and construed in accordance with the laws of the state of Ohio without reference to conflict
of laws doctrines. The parties hereto acknowledge that such courts have the jurisdiction to interpret and enforce the provisions
of this Note, and the parties waive any and all objections that they may have related thereto, subject to the parties right and
obligation to arbitrate disputes as set forth herein.

 

18.
Severability. Wherever possible, each provision of this Note shall be interpreted in such manner as to be effective and
valid under applicable law(s), but if any provision of this Note shall be prohibited by or invalid under applicable law(s), such
provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision
or the remaining provisions of this Note.

 

    6

     

    

 

19.
Exempted Transaction. Borrower agrees that (i) the payment obligations evidenced by this Note and the other instruments
securing this Note are exempted transactions under the Truth in Lending Act 15 USC § 1601, et seq.; (ii) the proceeds of
the indebtedness evidenced by this Note will not be used for the purchase of registered equity securities within the purview of
Regulation “U” issued by the Board of Governors of the Federal Reserve System; and (iii) on the Maturity Date, Lender
shall not have any obligation to refinance the indebtedness evidenced by this Note or to extend further credit to Borrower.

 

20.
Waiver. BORROWER AND LENDER HEREBY AGREE NOT TO ELECT A TRIAL BY JURY OF ANY ISSUE TRIABLE OF RIGHT BY JURY, AND WAIVE
ANY RIGHT TO TRIAL BY JURY FULLY TO THE EXTENT THAT ANY SUCH RIGHT NOW OR HEREAFTER SHALL EXIST WITH REGARD TO THIS NOTE, OR ANY
CLAIM, COUNTERCLAIM OR OTHER ACTION ARISING IN CONNECTION THEREWITH. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS GIVEN KNOWINGLY
AND VOLUNTARILY BY BORROWER AND LENDER, AND IS INTENDED TO ENCOMPASS INDIVIDUALLY EACH INSTANCE. AND EACH ISSUE AS TO WHICH THE
RIGHT TO A TRIAL BY JURY OTHERWISE WOULD ACCRUE. BORROWER AND LENDER EACH HEREBY ARE AUTHORIZED TO FILE A COPY OF THIS PARAGRAPH
IN ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER.

 

    7

     

    

 

IN
WITNESS WHEREOF, Borrower has duly executed this Amended and Restated Unsecured Promissory Note as of the day and year first
above written.

 

	 	BORROWER:
	 	 
	 	HOF
    VILLAGE, LLC,
	 	a
    Delaware limited liability company
	 	 	 	 
	 	By:	IRG
    Canton Village Manager, LLC, a Delaware limited liability company
	 	Its:	Manager
	 	 	 	 
	 	 	By:
     	/s/
    Stuart Lichter
	 		 	Stuart
    Lichter, President

 

 

8Exhibit 10.25

 

EMPLOYMENT
agreement

 

This Employment Agreement
(this “Agreement”) is made and entered into by and between HOF Village Newco, LLC, a Delaware limited liability company
(the “Company”), and Michael Crawford (the “Executive”) and shall be effective on the Effective Date (defined
below).

 

RECITALS

 

1. The Executive is
currently engaged as the Chief Executive Officer of HOF Village, LLC, a Delaware limited liability company (“HOF Village”)
pursuant to the Services Agreement between Executive and HOF Village dated December 6, 2019 (the “Services Agreement”).

 

2. Pursuant to the
transactions set forth in that certain Agreement and Plan of Merger dated as of September 16, 2019, by and among Gordon Pointe
Acquisition Corp, GPAQ Acquisition Holdings, Inc., GPAQ Acquiror Merger Sub, Inc., GPAQ Company Merger Sub, LLC, HOF Village, and
the Company, among other things, the assets and operations of HOF Village will be transferred to the Company, and the Company will
merge with GPAQ Company Merger Sub, with the Company continuing as the surviving entity in the merger (the “Transaction”).

 

3. The Company desires
to employ the Executive, and the Executive desires to be employed by the Company, on the terms and subject to the conditions set
forth herein.

 

4. The Executive’s
execution of this Agreement, which will take effect on the date on which the consummation of the Transaction occurs (the “Effective
Date”), is a condition to the consummation of the Transaction.

 

5. The Executive is
willing to enter into this Agreement in consideration of the terms, conditions, and benefits that the Executive will receive under
the terms hereof, and the Company is willing to enter into this Agreement in consideration of the promises and covenants by Executive
contained herein.

 

6. The Company will
adopt an Omnibus Incentive Plan following the closing of the Transaction, a draft form of which has been provided to the Executive.
Short Term and Long Term incentive awards, both cash and equity, will be governed by the terms of the Omnibus Incentive Plan adopted
by the Company’s Board of Directors (the “Board”).

 

AGREEMENTS

 

In consideration of
the mutual covenants contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto agree as follows:

 

1. 
EMPLOYMENT OF EXECUTIVE.

 

1.1. 
Duties and Status. The Company hereby engages the Executive as Chief Executive Officer for the Employment
Period, as defined in Section 3.1 hereof, and the Executive accepts such employment, on the terms and subject to the conditions
set forth in this Agreement. The Executive shall faithfully exercise in good faith such authority and perform such duties on behalf
of the Company that are typically associated with such positions and all other duties that may be assigned to the Executive by
the Board from time to time.

 

     

     

    

 

1.2. 
Time and Effort. During the Employment Period, the Executive shall devote the Executive’s entire working
time, energy, and efforts to the performance of the Executive’s duties hereunder in a manner that will faithfully and diligently
further the business and interests of the Company. Notwithstanding the foregoing, this Section 1.2 shall not be interpreted to
prohibit the Executive from making personal investments of time that do not require more than a de minimis time commitment,
performing charitable or civic acts or services or serving on the board of a non-profit organization, or conducting private business
affairs if those activities do not materially interfere with the services required under this Agreement or violate the provisions
of Section 4.

 

2. 
COMPENSATION AND BENEFITS.

 

2.1. 
Annual Base Salary. For all of the services rendered by the Executive to the Company during the Employment
Period, the Company shall pay the Executive an annual base salary (“Annual Base Salary”) equal to $800,000.00 through
December 31, 2020 and $850,000.00 from January 1, 2021 through December 31, 2021. For any years thereafter during the Employment
Period, the Annual Base Salary shall be at least $850,000.00 and shall be determined by the Compensation Committee of the Board
based on the Company’s and the Executive’s achievement of performance metrics as agreed-upon in writing by the Executive
and the Compensation Committee of the Board. The Annual Base Salary shall be pro-rated for any partial year of employment. The
Annual Base Salary shall be payable in accordance with the practice of the Company in effect from time to time for the payment
of salaries to employees of the Company and shall be subject to applicable withholdings and deductions.

 

2.2. 
Closing Bonus. The Company shall pay the Executive a Closing Bonus of $400,000.00 less applicable withholdings
and deductions. The Closing Bonus shall be paid in four quarterly installments of $100,000, less applicable withholdings and deductions,
at the end of each calendar quarter in 2020.

 

2.3. 
Annual Bonus. For the calendar year beginning January 1, 2020 and for each subsequent calendar year during
the Employment Period thereafter, the Executive shall be eligible to receive an annual bonus pursuant to the Omnibus Incentive
Plan (the “Annual Bonus”). The target for the Annual Bonus opportunity for each calendar year shall be 100% of the
Executive’s Annual Base Salary for each such calendar year. Each Annual Bonus shall be payable based on the Company’s
achievement of performance metrics as agreed-upon by the Executive and the Compensation Committee of the Board for each calendar
year, such performance targets to be agreed in writing by Executive and approved by the Compensation Committee prior to February
15 of each year; provided, however, that the Executive’s Annual Bonus for calendar year 2020 shall not be less than $400,000
and provided further that the Executive’s Annual Base Salary and Annual Bonus for calendar year 2020 shall not exceed $1,500,000.00
unless the Board approves otherwise. Each Annual Bonus shall be paid in a single cash payment and shall be paid no later than March
15 of the year after the calendar year for which the Annual Bonus is earned. To earn and be entitled to the Annual Bonus for any
given calendar year, (a) the Executive must have been employed by the Company continuously throughout the calendar year for which
the Annual Bonus is earned; (b) the Executive must not have been terminated by the Company for Cause after the end of the applicable
calendar year but before the Annual Bonus is paid; and (c) the Executive must not have ended Executive’s employment with
the Company without Good Reason (as defined below) after the end of the applicable calendar year but before the Annual Bonus is
paid.

 

    2

     

    

 

2.4. 
Common Stock Award. The Executive shall be granted shares of Hall of Fame Resort & Entertainment Company
(“Hall of Fame Resort”) common stock (each such grant, a “Stock Award”) in accordance with this Section
2.4.

 

(a)
On the Effective Date, the Executive shall receive a Stock Award for the number of whole shares of Hall of Fame Resort common
stock that most nearly equals 2.25% of the outstanding shares of Hall of Fame Resort common stock on the Effective Date.

 

(b)
The Stock Award shall be evidenced by an award agreement between Hall of Fame Resort and the Executive. The award agreement
shall provide that the Executive’s rights in the Stock Award shall be vested and transferable in equal or nearly equal installments
on each of the first, second, and third anniversaries of the grant date if the Executive remains in the continuous employ or service
of the Company or an affiliate of the Company from the Effective Date until the applicable anniversary of the grant date. The award
agreement shall provide that any Stock Awards that have not vested on or before the date the Executive ceases to be an employee
of, or providing services to, the Company or an affiliate shall be forfeited on the date that such employment or services ends
for any reason.

 

2.5. 
Benefits. The Executive shall be entitled to participate in such benefit plans including, without limitation,
any and all retirement, disability, group life, sickness, accident, vision, dental, and health insurance programs, as the Company
may provide from time to time to its employees generally.

 

2.6. 
Vacation. The Executive shall be entitled to 25 days of paid vacation per calendar year. Unused vacation days
for a particular calendar year shall roll over to, and be available for Executive’s use during, the first quarter of the
following calendar year, and any such carry-over vacation days not used by the Executive during the first quarter of the following
calendar year shall be paid out as compensation to the Executive on the first regularly-scheduled payroll date following the end
of the applicable first quarter. Any unused vacation as of the Termination Date will not be paid out upon termination of the Executive’s
employment by either party for any reason.

 

2.7. 
Vehicle Allowance. Upon presentation of an appropriate receipt or such other supporting information as the
Company may require, the Company shall reimburse the Executive for the lease expense for a vehicle with a retail value of up to
$70,000.00. Executive shall be solely responsible for any tax consequences associated with his receipt of the vehicle allowance
payments under this Section 2.7.

 

2.8. 
Expenses. Subject to, and in accordance with, such policies as may, from time to time, be established by the
Company, the Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by the Executive
in the furtherance of or in connection with the performance of the Executive’s duties under this Agreement, upon presentation
of expense statements or vouchers or such other supporting information as the Company may reasonably require.

 

    3

     

    

 

3. 
TERM AND TERMINATION.

 

3.1. 
Employment Period. Subject to Section 3.2 hereof, the Executive’s employment under this Agreement (the
“Employment Period”) shall commence on the Effective Date and shall terminate on the earlier of: (a) December
31, 2022 (such period, the “Initial Term”); provided, however, that on December 31, 2022 and December 31st of
each year thereafter, the term shall automatically renew for successive 12-month periods unless either party provides written notice
of non-renewal to the other party at least 90 days in advance of the expiration of the Initial Term or the then-current 12-month
period (the Initial Term, as may be automatically extended as provided herein, the “Term”); or (b) termination of this
Agreement and the Executive’s employment pursuant to Section 3.2 hereof. The Company and the Executive agree that, in the
event that the Term is automatically renewed pursuant to Section 3.1(a), the parties will, at the request of either party during
the 90-day period before the expiration of the then-current Term, negotiate in good faith over modifications to this Agreement
to be applicable, if agreed to, during the 12-month period following the expiration of the then-current Term.

 

3.2. 
Termination of Employment. Each party shall have the right to terminate this Agreement and the Executive’s
employment hereunder before the Term expires as permitted by this Section 3.2.

 

(a)
By the Company.

 

(i)
For Cause. The Company shall have the right to terminate this Agreement and the Executive’s employment hereunder
at any time upon delivery of written notice of termination for Cause (as defined below) to the Executive by the Company, such employment
to terminate immediately upon delivery of such notice for a termination under 3.2(a)(i)(A) or (B), unless otherwise specified in
such notice, or upon expiration of the notice and cure period described herein for a termination under 3.2(a)(i)(C) or (D). As
used herein, “Cause” means that the Board has determined that the Executive: (A) has misappropriated, stolen,
or embezzled funds or property from the Company or, without the permission of the Board, secured or attempted to secure personally
any profit in connection with any transaction entered into on behalf of the Company; (B) has been charged with a felony which in
the reasonable opinion of the Board brings the Executive into disrepute or is likely to cause material harm to the Company’s
business, customer, or supplier relations, financial condition, prospects, or reputation; (C) has failed to perform the Executive’s
duties to the Company in a manner reasonably satisfactory to the Board; or (D) has violated or breached any provision of this Agreement,
any Company policy or written code of conduct, or any law or regulation, where, in the reasonable opinion of the Board, such violation
or breach is to the material detriment of the Company or its business. A termination by the Company shall not be for Cause under
Section 3.2(a)(i)(C) or (D) unless: (1) the Board gives the Executive written notice specifying the event or condition that the
Board asserts authorizes termination for Cause under Section 3.2(a)(i)(C) or (D) and (2) during the 30 days following receipt of
such notice, the Executive fails to remedy or cure the event or condition if such event or condition can be cured. Any termination
of employment pursuant to this Section 3.2(a)(i) shall entitle the Executive to receive only the payments referred to in Section
3.3(a) hereof.

 

    4

     

    

 

(ii) 
Without Cause. The Company shall have the right to terminate this Agreement and the Executive’s employment
hereunder without Cause after 60 days’ prior written notice by the Company to the Executive. Any termination of employment
pursuant to this Section 3.2(a)(ii) shall entitle the Executive to receive the payments referred to in Section 3.3(a) and (b) hereof.

 

(iii) 
Upon Total Disability. The Company shall have the right to terminate this Agreement and the Executive’s employment
hereunder upon 30 days’ prior written notice to the Executive if the Board determines that the Executive is unable to perform
the Executive’s duties by reason of Total Disability. As used herein, “Total Disability” shall mean the inability
of the Executive, due to physical or mental illness or injury, and with the benefit of any reasonable accommodation requested by
and provided to the Executive, to perform the Executive’s essential duties hereunder for any period of 90 consecutive days. 
The return of the Executive to the Executive’s duties for periods of 30 days or less shall not interrupt such 90 day period.
Upon any termination of employment pursuant to this Section 3.2(a)(iii), the Executive shall only be entitled to receive the payments
referred to in Section 3.3(a) hereof.

 

(b)
By the Executive.

 

(i)
For Good Reason. The Executive shall have the right to terminate this Agreement and his employment hereunder for
Good Reason, such employment to terminate upon expiration of the notice and cure period described herein. As used herein, “Good
Reason” shall mean: (A) any material failure by the Company to comply with any provision of this Agreement; (B) the relocation
of the Executive’s principal place of employment to a location that is more than 50 miles from Canton, Ohio; or (C) substantial
interference with the day to day operations of the Company by a director of the Company, acting in the director’s individual
capacity, that is inconsistent with formal actions taken by the Board or that impairs the Executive’s ability to deliver
agreed upon results for the Company. A termination by the Executive shall not be for Good Reason unless: (1) the Executive gives
the Board written notice specifying the event or condition that the Executive asserts authorizes termination for Good Reason; (2)
the Executive did not cause the event or condition that Executive asserts authorizes Executive’s termination for Good Reason
or knowingly allow such event or condition to occur; (3) such notice is given no more than 30 days after the occurrence of the
event or the initial existence of the condition that Executive asserts authorizes termination for Good Reason; (4) during the 30
days following receipt of such notice, the Company and/or the Board fail to remedy or cure the event or condition; and (5) Executive
terminates Executive’s employment within 30 days after the end of such cure period. In the event that the Executive elects
to terminate his employment pursuant to Section 3.2(b)(i)(A) or (B) and in accordance with the notice and cure requirements in
subparts (1) through (5) above, the Executive shall be entitled to receive the payments referred to in Section 3.3(a) and (b) hereof.
In the event that the Executive elects to terminate his employment pursuant to Section 3.2(b)(i)(C) and in accordance with the
notice and cure requirements in subparts (1) through (5) above, the Executive shall be entitled to receive the payments referred
to in Section 3.3(a) and (c) hereof.

 

(ii) 
Without Good Reason. The Executive shall have the right to terminate this Agreement and his employment hereunder
without Good Reason after 60 days’ prior written notice by the Executive to the Board. If the Executive gives 60 days’
notice of termination without Good Reason under this Section 3.2(b)(ii), the Board in its sole discretion can elect to make the
Executive’s resignation of his employment effective immediately at any time during the 60-day notice period, and any such
termination by the Board shall not convert Executive’s resignation into a termination by the Company without Cause. In the
event the Executive elects to terminate his employment pursuant to Section 3.2(b)(ii), the Executive shall be entitled to receive
only the payments referred to in Section 3.3(a) hereof.

 

    5

     

    

 

(c)
By Expiration of Agreement. This Agreement and the Executive’s employment hereunder shall terminate
upon the date of the expiration of the then-current Term in the event either party elects not to renew the then-current Term pursuant
to Section 3.1. In the event the employment of the Executive is terminated by the expiration of the then-current Term, the Executive
shall be entitled to receive only the payments referred to in Section 3.3(a) hereof.

 

(d)
Death of Executive. This Agreement and the Executive’s employment hereunder shall terminate upon the death
of the Executive. In such an event, the Executive’s surviving spouse, or if none, the Executive’s estate shall be
entitled to receive only the payments referred to in Section 3.3(a) hereof.

 

3.3. 
Compensation and Benefits Following Termination. Except as specifically provided in this Section 3.3, any
and all obligations of the Company to make payments to the Executive under this Agreement shall cease as of the date the Employment
Period expires under Section 3.1 or as of the date the Executive’s employment is terminated under Section 3.2, as the case
may be (either such date, the “Termination Date”). From the date of any notice of termination through the Termination
Date (to the extent they are different), the Executive shall continue to perform the normal duties of the Executive’s employment
hereunder (unless waived by the Company) and shall be entitled to receive when due all compensation and benefits applicable to
the Executive hereunder.

 

(a) Standard
Termination Payments. In the event that the Executive’s employment terminates for any reason under
any provision in Section 3.2, the Company shall, within the period prescribed by applicable State law but no later than 30
days after the Termination Date, pay the Standard Termination Payments (as defined below) to the Executive or, in the case
of termination pursuant to Section 3.2(d) on account of the death of the Executive, to the Executive’s spouse or estate
as appropriate. For purposes of this Section 3.3, “Standard Termination Payments” shall mean (i) a lump-sum
amount equal to the sum of the Executive’s earned and unpaid Annual Base Salary through the Termination Date and (ii)
any unreimbursed business and entertainment expenses that are reimbursable through the Termination Date. Moreover, for any
such termination, the Executive shall be entitled to receive any vested benefits to which the Executive has a right under
the Company’s benefit plans and programs, including without limitation continuation coverage under the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended, which benefits will be provided in accordance with the applicable
plan terms.

 

    6

     

    

 

(b)
By Company Without Cause under Section 3.2(a)(ii) or by Executive for Good Reason Under Section 3.2(b)(i)(A) or (B).
In the event that the Company elects to terminate this Agreement and the Executive’s employment hereunder without Cause under
Section 3.2(a)(ii) or the Executive elects to terminate this Agreement and his employment hereunder for Good Reason under Section
3.2(b)(i)(A) or (B), in addition to the Standard Termination Payments provided in Section 3.3(a), and subject to the Executive’s
execution of a release on or after the Termination Date that becomes effective and irrevocable as described in Section 3.4, the
Company shall: (i) pay the Executive a severance payment in the amount of $850,000.00, less applicable deductions and withholdings,
payable in a single lump-sum payment within 10 days after the date that the release described in Section 3.4 becomes effective
and irrevocable and (ii) subject to the Executive’s timely election of continuation coverage under the Consolidated Omnibus
Budget Reconciliation Act of 1985, as amended (“COBRA”) and the Executive’s copayment of premiums associated
with such coverage, reimburse the Executive, on a monthly basis, for the excess of the premium for himself and his covered dependents
over the amount paid by active employees for the same coverage during the period from the Termination Date through the 12-month
anniversary of such date, or such earlier date on which COBRA coverage for the Executive and his covered dependents terminates
in accordance with COBRA.

 

(c)
By Executive for Good Reason Under Section 3.2(b)(i)(C). In the event that the Executive elects to terminate
this Agreement and his employment hereunder for Good Reason under Section 3.2(b)(i)(C), in addition to the Standard Termination
Payments provided in Section 3.3(a), and subject to the Executive’s execution of a release on or after the Termination Date
that becomes effective and irrevocable as described in Section 3.4, the Company shall pay the Executive a severance payment in
the amount of $2,000,000.00, less applicable deductions and withholdings, payable in a single lump-sum payment within 10 days after
the date that the release described in Section 3.4 becomes effective and irrevocable.

 

3.4. 
Release. The Company will have no obligation to the Executive under Section 3.3(b) or (c) unless the Executive
has executed, on or after the Termination Date, and delivered to the Company, on or before the 50th day following the Termination
Date, an effective and irrevocable general release and waiver of claims that releases the Company and all of its related entities,
affiliates, investors, owners, and employees from, and promises not to sue them for, all claims and liabilities arising on or before
the date the Executive signs the release, including claims related to the Executive’s employment with and separation from
the Company, in the form of Exhibit A attached hereto with such changes as may be necessary under applicable law or as agreed to
by the parties.

 

3.5. 
Resignation. Upon termination of the Executive’s employment for any reason by either party, the Executive
hereby agrees that the Executive shall automatically be treated as having resigned from any offices or positions related to the
Company or any of its affiliates.

 

    7

     

    

 

4. 
RESTRICTIVE COVENANTS.

 

4.1. 
Recitals. While employed with the Company, the Executive will be employed in a position of trust and confidence,
and as a result, the Executive will be provided with the Company’s trade secrets and confidential or proprietary information,
including but not limited to information related to (a) reports, pricing, selling, purchasing, and pricing procedures, and
financing methods of the Company, and any specific and proprietary techniques utilized by the Company in designing, developing,
testing, or marketing its products or in performing services for clients, customers, and accounts of the Company; (b) the business
plans and financial statements, reports, and projections of the Company; (c) identities, addresses, contact persons, purchasing
habits, and all other information related to the Company’s customers, clients, and investors, purchasers, lenders, or any
other confidential information relating to or dealing with the business operations or activities of the Company; and (d) information
concerning the licenses, permits, or other authorizations relevant to the Company’s business, made known to the Executive
or acquired by the Executive in the course of the Executive’s employment at the Company (collectively, “Confidential
Information”). Notwithstanding the foregoing, Confidential Information shall not include information or materials (a) that
was or becomes generally available to the public other than as a result of breach of this Agreement by the Executive or (b) which
the Executive had in his possession prior to disclosure by the Company or receives from a third party who, to the Executive’s
knowledge, is not bound by a duty of confidentiality to the Company. The Executive acknowledges that the Company takes reasonable
steps to protect its Confidential Information and to prevent disclosure of its Confidential Information to the public. Moreover,
the Executive acknowledges that during Executive’s employment with the Company, the Executive will be put in a position of
trust and confidence with the Company’s customers, employees, and consultants. The Executive agrees and acknowledges, therefore,
that it is fair and reasonable for the Company to take steps necessary to protect its Confidential Information; protect against
the risk of misappropriation of such Confidential Information; and protect the Company’s relationship with its customers,
employees, and consultants.

 

4.2. 
Non-Recruitment. By and in consideration of the Company’s entering into this Agreement, and in further
consideration of the Executive’s exposure to the Confidential Information of the Company and its affiliates, the Executive
agrees that the Executive shall not, during the Executive’s employment with the Company and for a period of twelve (12) months
after the Executive’s employment with the Company is terminated by either party for any reason: (a) directly or indirectly
hire, induce, or solicit (or assist any person or entity to hire, induce, or solicit) for employment any person who is, or within
twelve (12) months prior to the date of such hiring, inducement, or solicitation was, an employee of the Company or (b) induce
or solicit (or assist any person or entity to induce or solicit) any person who is an employee of the Company to terminate his/her
employment relationship with the Company. The foregoing does not apply to any employee who responds to any general public advertisement
by the Executive or is referred by an employment agency, so long as the advertisement or agency search was not directed towards
any such employee or group of employees of the Company.

 

4.3. 
Non-Competition. By and in consideration of the Company’s entering into this Agreement, and in further
consideration of the Executive’s exposure to the Confidential Information of the Company and its affiliates, the Executive
agrees that the Executive shall not, during the Executive’s employment with the Company and for a period of six (6) months
after the Executive’s employment with the Company is terminated by either party for any reason, engage in Competition with
the Company. In the event termination is pursuant to 3.2(b)(i) and the Company pays the amount prescribed in Section 3.2(b)(i)
then the restricted period in the prior sentence shall be extended to twelve (12) months after such termination. “Competition”
for purposes of this Section 4.3 shall mean owning, operating, or otherwise providing services to a pro sports themed destination
resort that includes entertainment and media components.

 

    8

     

    

 

4.4. 
Confidential Information. This covenant is independent of, and in addition to, those set forth above.

 

(a)
To protect the Company’s Confidential Information, the Executive hereby covenants and agrees that the Executive will
at all times hold the Confidential Information in confidence, will take all reasonable and necessary measures to prevent the disclosure
of the Confidential Information, and will not use or disclose any Confidential Information, except for the benefit of the Company
and to authorized representatives of the Company, to professional advisors (including without limitation attorneys, accountants,
and financial advisors), or except as required by any governmental, regulatory, or judicial authority.

 

(b)
The Executive acknowledges that all Confidential Information are and shall remain the sole, exclusive, and valuable property
of the Company and that the Executive has and shall acquire no right, title, or interest therein. Any and all printed, typed, written,
or other material that the Executive may have or obtain with respect to Confidential Information shall be and remain the exclusive
property of the Company, and any and all material (including any copies) shall, upon request of the Board, be promptly delivered
by the Executive to the Company.

 

(c)
If the Executive becomes compelled by law, by regulatory or judicial process or by any other proceeding to make any disclosure
that is prohibited by this Section 4.4, the Executive shall, to the extent legally permissible, provide the Board with prompt notice
of such compulsion so that the Company may seek an appropriate protective order or other appropriate remedy or waive compliance
with the provisions of this Section 4.4. In the absence of a protective order or other remedy, the Executive may disclose that
portion (and only that portion) of the Confidential Information that, based upon the opinion of the Executive’s counsel,
the Executive is legally compelled to disclose; provided, however, that the Executive shall use commercially reasonable
efforts to obtain written assurance that any person to whom any Confidential Information is so disclosed shall accord confidential
treatment to such Confidential Information.

 

(d)
Nothing in this Agreement prohibits Executive from (i) disclosing Confidential Information in confidence to a Federal, State,
or local government official or law enforcement, or to an attorney, solely for the purpose of reporting or investigating a suspected
violation of law; (ii) cooperating with any government investigation, making a truthful statement or complaint to law enforcement
or a government agency, or testifying under oath to law enforcement or a government agency; or (iii) disclosing Confidential Information
in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Moreover, if Executive
files a lawsuit for retaliation by an employer for reporting a suspected violation of law, Executive may disclose a Company trade
secret to the Executive’s attorney and use the trade secret information in the court proceeding if the Executive files any
document containing the trade secret under seal and does not disclose the trade secret except pursuant to court order.

 

4.5. 
Scope and Reasonableness.

 

(a)
The parties agree that it is not their intention to violate any public policy, rule of public order, or statutory or common
law. The parties intend that the provisions of this Agreement be enforced to the fullest extent permissible under the laws and
public policies applied in each jurisdiction in which enforcement is sought. If any provision of this Agreement is found by a court
to be unenforceable, the parties authorize the court to amend or modify the provision to make it enforceable in the most restrictive
fashion permitted by law.

 

    9

     

    

 

(b)
The Executive acknowledges that the restrictions contained in this Section 4, in view of the nature of the business in which
the Company is engaged and in view of the Confidential Information to which the Executive will be exposed, are reasonable and necessary
in order to protect the Confidential Information of the Company and the Company’s relationships with its customers, employees,
and consultants, and that any violation thereof would result in irreparable injuries to the Company, and the Executive therefore
acknowledges that, in the event of the Executive’s violation of any of these restrictions, the Company shall be entitled
to seek from any court of competent jurisdiction (in any jurisdiction) preliminary and permanent injunctive relief as well as damages
and an equitable accounting of all earnings, profits, and other rights or remedies to which the Company may be entitled. Notwithstanding
the foregoing to the contrary, under no circumstances shall the Executive be liable for special, consequential, or punitive damages
for any breach of this Agreement or otherwise. If the Executive violates any of the restrictions contained in the foregoing Sections
4.2 or 4.3, the restricted periods shall not run in favor of the Executive from the time of the commencement of any such violation
until such violation shall be cured by the Executive to the reasonable satisfaction of Company.

 

4.6. 
Survival. Any provision of this Agreement to the contrary notwithstanding, if this Agreement is terminated
for any reason, the provisions and covenants of this Section 4 shall nevertheless remain in full force and effect in accordance
with their respective terms.

 

5. 
MISCELLANEOUS.

 

5.1. 
Code Section 409A.

 

(a)
This Agreement and the amounts payable and other benefits provided under this Agreement are intended to comply with, or
otherwise be exempt from, Section 409A of the Internal Revenue Code (“Section 409A”), after giving effect to the exemptions
in Treasury Regulation section 1.409A-1(b)(3) through (b)(12). This Agreement shall be administered, interpreted and construed
in a manner consistent with the requirements and exemptions under Section 409A. If any provision of this Agreement is found not
to comply with, or otherwise not be exempt from, the provisions of Section 409A, it shall be modified and given effect, in the
sole reasonable discretion of the Employer and without requiring the Executive’s consent, in such manner as the Employer
reasonably determines to be necessary or appropriate to comply with, or to effectuate an exemption from, Section 409A; provided,
however, that in exercising its discretion, the Employer shall modify this Agreement in the least restrictive manner necessary
and provided further that the Employer have no obligation to indemnify the Executive or hold the Executive harmless from any adverse
tax consequences related to any failure to comply with Section 409A. Each payment under this Agreement shall be treated as a separate
identified payment for purposes of Section 409A.

 

(b)
With respect to any reimbursement of expenses of, or any provision of in-kind benefits to, the Executive, as provided under
this Agreement, such reimbursement of expenses or provision of in-kind benefits shall be subject to the following limitations:
(i) the expenses eligible for reimbursement or the amount of in-kind benefits provided in one taxable year shall not affect the
expenses eligible for reimbursement or the amount of in-kind benefits provided in any other taxable year, except for any medical
reimbursement arrangement providing for the reimbursement of expenses referred to in Section 105(b) of the Internal Revenue Code;
(ii) the reimbursement of an eligible expense shall be made as specified in this Agreement and in accordance with Employer’s
normal reimbursement procedures for senior management, and (iii) the right to reimbursement or in-kind benefit shall not be subject
to liquidation or exchange for another benefit.

 

    10

     

    

 

(c)
If a payment obligation under this Agreement arises on account of the Executive’s termination of his employment and
such payment obligation constitutes “deferred compensation” (as defined under Treasury Regulation section 1.409A-1(b)(1),
after giving effect to the exemptions in Treasury Regulation section 1.409A-1(b)(3) through (b)(12)), it shall be payable only
after the Executive’s “separation from service” (as defined under Treasury Regulation section 1.409A-1(h)); provided,
however, that if the Executive is a “specified employee” (as defined under Treasury Regulation section 1.409A-1(i)),
any such payment obligation that is scheduled to be paid within six months after such separation from service shall accrue without
interest and shall be paid on the first day of the seventh month beginning after the date of the Executive’s separation from
service or, if earlier, within fifteen days after the appointment of the personal representative or executor of the Executive’s
estate following the Executive’s death.

 

5.2. 
Applicable Law. This Agreement shall be construed and interpreted according to the laws of the State of Ohio,
without regard to the conflicts of law rules thereof.

 

5.3. 
Headings. The headings and captions set forth herein are for convenience of reference only and shall not affect
the construction or interpretation hereof.

 

5.4. 
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of successors and permitted
assigns of the parties. This Agreement may not be assigned, nor may performance of any duty hereunder be delegated, by either party
without the prior written consent of the other; provided, however, the Company may assign this Agreement to any successor
to its business or to any affiliate.

 

5.5. 
Entire Agreement; Termination of Services Agreement. This Agreement sets forth the entire agreement and understanding
of the parties with respect to the subject matter hereof, and there are no other contemporaneous written or oral agreements, undertakings,
promises, warranties, or covenants not specifically referred to or contained herein. This Agreement specifically supersedes any
and all prior agreements and understandings of the parties with respect to the subject matter hereof (including but not limited
to the Services Agreement), all of which prior agreements and understandings (including but not limited to the Services Agreement)
are hereby terminated and of no further force and effect. Moreover, this Agreement supersedes and replaces the Services Agreement.

 

5.6. 
Amendments. This Agreement may be amended, modified, or terminated only by a written instrument signed by
the parties hereto.

 

5.7. 
Waiver. The Company’s failure to enforce any provision or provisions in this Agreement shall not in
any way be construed as a waiver of any provision or provisions of this Agreement, or prevent the Company from thereafter enforcing
each and every provision of this Agreement.

 

5.8. 
Execution in Counterparts. This Agreement may be executed in two or more counterparts, each of which shall
be deemed an original and all of which together shall constitute one and the same Agreement. This Agreement may be delivered by
facsimile transmission or email attachment of an originally executed copy.

 

    11

     

    

 

5.9. 
Severability. If any section, provision, clause or part of this Agreement, or the applications thereof under
certain circumstances, is held invalid or unenforceable for any reason, the remainder of this Agreement, or the application of
such section, provision, clause or part under other circumstances, shall not be affected thereby.

 

5.10. 
Incorporation of Recitals. The Recitals to this Agreement are an integral part of, and by this reference are
hereby incorporated into, this Agreement.

 

5.11. 
Withholdings. Each payment of compensation or benefits to or on behalf of the Executive under this Agreement
shall be reduced by authorized deductions.

 

[Signatures on Following
Page]

 

    12

     

    

 

IN WITNESS WHEREOF,
the parties have executed this Agreement as of the day and year first above written.

 

	 	[ENTITY NAME]
	 	 	 
	 	By:	           
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 
	 	 	 
	 	MICHAEL CRAWFORD
	 	 
	 	 
	 	Michael Crawford, Individually

 

[Signature Page to Crawford Employment Agreement]

 

    13

     

    

 

Exhibit A

 

Form of Release

 

GENERAL RELEASE
AND WAIVER

  

THIS GENERAL RELEASE
AND WAIVER (this “Release”) is entered into by and between [___] (the “Company”) and [●] (the “Executive”).
The Company and the Executive hereby agree as follows:

 

1. 
Employment Status. The Executive’s employment with the Company terminated effective as of [•].

 

2. 
Payment. The Company shall provide the Executive with the consideration specified in and subject to the provisions
of [Section 3.3(b) or Section 3.3(c)] of the Employment Agreement dated as of [●], by and between the Company and
the Executive (the “Employment Agreement”); provided, that such payment is subject to certain terms and conditions,
including without limitation this Release becoming effective, as provided in the Employment Agreement.

 

3. 
No Liability. This Release does not constitute an admission by any of the Company Releasees (as defined below) of
any unlawful acts or of any violation of federal, state, or local laws.

 

4. 
Release. In consideration of the benefits set forth in the Employment Agreement, the Executive, for the Executive,
the Executive’s heirs, administrators, representatives, executors, successors, and assigns (collectively, the “Executive
Releasors”), hereby irrevocably and unconditionally releases, acquits, and forever discharges the Company and its current
and former parents, affiliates, subsidiaries, divisions, successors, assigns, trustees, officers, directors, partners, shareholders,
agents, parents, employees, including without limitation all persons acting by, through, under, or in concert with any of them
(collectively, the “Company Releasees”) from any and all charges, complaints, claims, liabilities, obligations, promises,
agreements, controversies, damages, remedies, actions, causes of action, suits, rights, demands, costs, losses, debts, and expenses
(including attorneys’ fees and costs) of any nature whatsoever, known or unknown, whether in law or equity and whether arising
under federal, state, or local law that the Executive Releasors had, now have, or may hereafter claim to have had against each
or any of the Company Releasees by reason of any matter, cause, or thing occurring, done, or omitted to be done on or before the
date of Executive’s execution of this Release. Without limitation, this Release includes a knowing and voluntary waiver of
any and all rights, claims, and causes of action for discrimination based upon race, color, ethnicity, sex, national origin, religion,
disability, and age (including without limitation under the Age Discrimination in Employment Act of 1967 as amended by the Older
Workers Benefit Protection Act (“ADEA”), Title VII of the Civil Rights Act of 1964 as amended by the Civil Rights Act
of 1991, the Equal Pay Act of 1962, the Americans with Disabilities Act of 1990, and any other federal, state, or local anti-discrimination
law) or any other unlawful criterion or circumstance. Executive is not waiving or releasing any claims that may arise after the
date that the Executive executes this Release. Moreover, Executive is not waiving or releasing his right to receive the Standard
Termination Payments in the Employment Agreement. This Release does not cover the Executive’s right to file a charge with
or participate in a charge by the Equal Employment Opportunity Commission, or any other local, state, or federal administrative
body or government agency that is authorized to enforce or administer laws related to employment, against the Company Releasees
(with the understanding that any such filing or participation does not give the Executive the right to recover any monetary damages
against the Company Releasees; the Executive’s release of claims herein bars the Executive from recovering such monetary
relief from the Company Releasees).

 

    14

     

    

 

In addition, for purposes
of this Release, the Executive represents that the Executive is not aware of any claims against the Company Releasees.

 

5. 
Restrictive Covenants. The Executive expressly acknowledges and agrees that Executive will continue to be bound by
the obligations set forth in Section 4 of the Employment Agreement for the periods set forth therein.

 

6. 
Company Property. By signing this Release, the Executive acknowledges that the Executive has returned to the Company
all originals and copies of Company documents and all Company property, including without limitation, keys, computer files, diskettes,
database information, client information, sales documents, financial statements, budgets and forecasts, and any similar information.
The Executive further represents that the Executive has left intact all of the Company’s electronic files, including those
that Executive developed or helped develop during the Executive’s employment with the Company.

 

7. 
Bar. The Executive acknowledges and agrees that, if the Executive should hereafter make any claim or demand or commence
or threaten to commence any action, claim, or proceeding against the Company Releasees with respect to any cause, matter, or thing
which is the subject of the release under Paragraph 4 of this Release, this Release may be raised as a complete bar to any such
action, claim, or proceeding, and the applicable Company Releasee may recover from the Executive all expenses and costs incurred
in connection with such action, claim, or proceeding, including attorneys’ fees.

 

8. 
Non-Disparagement. The Executive agrees not to make any statement, oral or written, that would reasonably be considered
disparaging of the Company, its programs, or its services, or any of the Company Releasees.

 

9. 
Governing Law; Interpretation. This Release shall be governed by and construed in accordance with the laws of the
State of Ohio, without regard to the conflicts of law rules thereof. If for any reason any part of this Release shall be determined
to be unenforceable, the remaining terms and conditions shall be enforced to the fullest extent possible.

 

10. 
Acknowledgments. The Executive acknowledges that the Executive has been advised in writing to consult with an attorney
before signing this Agreement. The Executive further acknowledges that the Executive has been given sufficient time to review this
Release, the Executive has read and fully understands its provisions, the Executive voluntarily accepts its terms, and the Executive
has a period of twenty-one (21) days in which to consider entering into this Release. If the Executive executes the Release in
less than twenty-one (21) days, the Executive acknowledges that the Executive is doing so voluntarily and that the Executive is
waiving the Executive’s right to the full twenty-one (21) days to consider the Release.

 

    15

     

    

 

11. 
Revocation. The Executive has a period of seven (7) days following the execution of this Release during which the
Executive may revoke this Release, and this Release shall not become effective or enforceable until such revocation period has
expired.

 

12. 
Counterparts. This Release may be executed by the parties hereto in counterparts, which taken together shall be deemed
one original. This Release may be delivered by facsimile transmission or email attachment of an originally executed copy.

 

THE UNDERSIGNED HAVE CAREFULLY READ THIS
RELEASE; THEY KNOW AND UNDERSTAND ITS TERMS; THEY FREELY AND VOLUNTARILY AGREE TO ABIDE BY ITS TERMS; AND THEY HAVE NOT BEEN COERCED
INTO SIGNING THIS AGREEMENT.

 

  

 

[____]

 

 

 

Date

 

 

 

[___]

 

	By:	 	 
	 	 	 
	Title:	 	 
	 	 	 
	Date	 	 

 

 

16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}]]