Document:

Exhibit 10.10

 

CERTAIN INFORMATION HAS BEEN EXCLUDED
FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [***]
or [Redacted] INDICATES THAT INFORMATION HAS BEEN REDACTED.

 

Execution Version

   

 

  

DELAYED
DRAW JOINDER AGREEMENT NUMBER 1

 

 

Dated
as of April 11, 2018

 

among

 

HOF
VILLAGE, LLC; HOF VILLAGE YOUTH FIELDS, LLC; HOF VILLAGE PARKING, LLC;

HOF VILLAGE STADIUM, LLC AND THE OTHER PERSONS SIGNATORY HERETO AS

BORROWERS

 

and

 

THE
LENDERS PARTY HERETO,

 

and

 

GACP
FINANCE CO., LLC, as Administrative Agent

 

 

 

     

     

    

 

DELAYED
DRAW JOINDER AGREEMENT NUMBER 1

 

This
DELAYED DRAW JOINDER AGREEMENT NUMBER 1 (this “DDTL Joinder Number 1”) dated as of April 11, 2018 is made
by and among:

 

(i) HOF
VILLAGE, LLC, a Delaware limited liability company (the “Lead Borrower”); HOF VILLAGE YOUTH FIELDS, LLC, a
Delaware limited liability company; HOF VILLAGE PARKING, LLC, a Delaware limited liability company; HOF VILLAGE STADIUM, LLC,
a Delaware limited liability company; HOF VILLAGE LAND, LLC, a Delaware limited liability company; HOF VILLAGE HOTEL I, LLC, a
Delaware limited liability company; HOF VILLAGE SPORTS BUSINESS, LLC, a Delaware limited liability company; HOF VILLAGE PARKING
MANAGEMENT I, LLC, a Delaware limited liability company; HOF VILLAGE RESIDENCES I, LLC, a Delaware limited liability company;
HOF VILLAGE CENTER FOR EXCELLENCE, LLC, a Delaware limited liability company; HOF VILLAGE CENTER FOR PERFORMANCE, LLC, a Delaware
limited liability company; HOF EXPERIENCE, LLC, a Delaware limited liability company; HOF VILLAGE MEDIA GROUP, LLC, a Delaware
limited liability company; and the other Persons signatory hereto as “Borrowers”, (collectively, the “Borrowers”,
and each individually, a “Borrower”);

 

(ii) the
Delayed Draw Term Loan Lender party hereto;

 

(iii) the
other Lenders party hereto; and

 

(iv) GACP
FINANCE CO., LLC, as administrative agent (in such capacity, the “Administrative Agent”).

 

PRELIMINARY
STATEMENTS:

 

(1) The
Borrowers, the Lenders party thereto from time to time, the Administrative Agent, and the other parties named therein are parties
to the Loan Agreement, dated as of March 20, 2018 (as amended, restated, supplemented, waived or otherwise modified from time
to time, the “Loan Agreement”; capitalized terms used but not otherwise defined herein shall have the meanings
ascribed to such terms in the Loan Agreement, as amended hereby).

 

(2) The
Borrowers desire to borrow a Delayed Draw Term Loan pursuant to Section 2.01(c) of the Loan Agreement (it being understood that
such Delayed Draw Term Loan constitutes a Loan under the Loan Agreement).

 

(3) The
Borrowers and the Delayed Draw Term Loan Lender party hereto have informed the Administrative Agent that the terms of the Delayed
Draw Term Loan are substantially identical to those with respect to the Loans in effect immediately prior to the date hereof,
other than (a) treatment of the Delayed Draw Term Loan Lender as an Affiliated Lender, (b) the filing of the Mortgage Amendment
No. 1 (defined below) with respect to the Delayed Draw Term Loan, (c) modifications to the title insurance policy delivered to
the Administrative Agent on the Closing Date, and (d) increase in the outstanding principal balance of the Loans to $47,500,000.

 

(4) Each
Lender who executes and delivers this DDTL Joinder Number 1 as a Delayed Draw Term Loan Lender, which Lender represents that is
an Eligible Assignee but not currently a Lender under the Loan Agreement, will make a Delayed Draw Term Loan on the DDTL Joinder
Number 1 Effective Date (as defined below) to Borrower in an aggregate principal amount equal to $7,500,000.

 

(5) The
Administrative Agent, the Borrowers, the Delayed Draw Term Loan Lender and the other Lenders party hereto desire to memorialize
the terms of this DDTL Joinder Number 1 to become effective on the DDTL Joinder Number 1 Effective Date.

  

    2

     

    

 

NOW,
THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency
and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree
as follows:

 

SECTION
1. Defined Terms. Terms defined in the preamble, preliminary statements and otherwise in this DDTL Joinder Number 1
shall have the meanings given to such terms in such preamble, preliminary statements and Section 4, respectively.

 

SECTION
2. Delayed Draw Term Loan. On the DDTL Joinder Number 1 Effective Date, subject to the satisfaction or waiver (by each
Lender) of the conditions precedent set forth in Section 4 hereof, the Delayed Draw Term Loan Lender agrees to extend to the Borrowers
a Delayed Draw Term Loan in an aggregate principal amount equal to $7,500,000.

 

SECTION
3. Amendments to the Loan Agreement. Subject to the terms and conditions set forth herein, the Loan Agreement is hereby
amended as follows:

 

(a) Section
2.06 is amended as follows: “2%” in the proviso is replaced with “3%”.

 

(b) Section
10.04(1)(iii) is amended and restated to read as follows: “none of the Administrative Agent or any Lender or any of their
respective officers, partners, directors, employees or agents shall be liable to any Affiliated Lender for any action taken or
omitted by any Administrative Agent or any Lender under or in connection with any of the Loan Documents except to the extent caused
by the Administrative Agent or such Lender’s gross negligence or willful misconduct (as determined by a court of competent
jurisdiction by final and nonappealable judgment)”.

 

SECTION
4. Conditions to Effectiveness. This DDTL Joinder Number 1 shall become effective on the date (the “DDTL Joinder
Number 1 Effective Date”), when each of the conditions set forth in this Section 4 shall have been satisfied (or waived
by the Lenders):

 

(i) the
Administrative Agent shall have received counterparts of this DDTL Joinder Number 1, duly executed and delivered on behalf of
(a) each Borrower, (b) each Lender (including the Delayed Draw Term Loan Lender), and (c) the Administrative Agent;

 

(ii) Each
Delayed Draw Term Loan Lender that is an Affiliated Lender shall have executed and delivered the Affiliated Lender acknowledgment
accompanying the signature page to this DDTL Joinder Number 1;

 

(iii) the
Administrative Agent and the Delayed Draw Term Loan Lender shall have received a certificate of a Responsible Officer of Borrower,
dated the DDTL Joinder Number 1 Effective Date and certifying:

 

(a) that
attached thereto is a true and correct copy of the resolutions of the board of directors or equivalent governing body of each
Borrower approving the DDTL Joinder Number 1 and the transactions contemplated hereby; and

 

(b) that,
as of the DDTL Joinder Number 1 Effective Date, (1) each representation and warranty set forth in each Loan Document shall be
true and correct in all material respects on and as of the date of making of the Delayed Draw Term Loan with the same effect as
though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date,
in which case such representations and warranties shall have been true and correct in all material respects on and as of such
earlier date (provided that, if a representation and warranty contains a materiality or Material Adverse Effect qualification,
such representation and warranty is true and correct in all respects), and (2) each Borrower is in compliance with all the terms
and provisions set forth in each Loan Document on its part to be observed or performed, and, at the time of and immediately after
making of the Delayed Draw Term Loan, no Event of Default or Default shall have occurred and be continuing.

  

    3

     

    

 

(iv) the
Administrative Agent and the Delayed Draw Term Loan Lender shall have received executed legal opinions, dated the DDTL Joinder
Number 1 Effective Date, of (a) Skadden, Arps, Slate, Meagher & Flom LLP, counsel for the Borrowers, (b) Walter Haverfield
LLP, as special Ohio counsel for the Borrowers, and (c) Richards, Layton & Finger, P.A., as special Delaware counsel for the
Borrowers, in form and substance reasonably satisfactory to the Administrative Agent and covering such matters as the Administrative
Agent shall reasonably request;

 

(v) the
Administrative Agent and the Delayed Draw Term Loan Lender shall have received a duly executed amendment to the Mortgage filed
on the Closing Date (the “Mortgage Amendment No. 1”), confirming that the aggregate principal amount of the
Loans is not less than $47,500,000;

 

(vi) the
Borrowers shall have delivered an updated title insurance policy giving effect to title insurance coverage of not less than $47,500,000;

 

(vii) the
Delayed Draw Term Loan Lender shall have received a Note in the amount of $7,500,000;

 

(viii) as
of the DDTL Joinder Number 1 Effective Date, (x) the representations and warranties of Borrowers contained in Article III of the
Loan Agreement shall be true and correct in all material respects on the DDTL Joinder Number 1 Effective Date to the same extent
as though made on and as of such date, except to the extent such representations and warranties specifically relate to an earlier
date, in which case they shall have been true and correct in all material respects on and as of such earlier date, and (y) no
Default or Event of Default shall have occurred and be continuing, or would occur immediately after giving effect to the transactions
contemplated by this DDTL Joinder Number 1;

 

(ix) the
Administrative Agent and the Delayed Draw Term Loan Lender shall have received a Solvency Certificate from the Lead Borrower on
behalf of each Borrower;

 

(x) the
Administrative Agent and the Delayed Draw Term Loan Lender shall have received reaffirmation agreements in respect of the Mezzanine
Subordination Agreement and the subordination agreement executed by National Football Museum Inc.;

 

(xi) the
Borrowers shall have provided the Administrative Agent and the Delayed Draw Term Loan Lender with a notice of borrowing in accordance
with the requirements of Section 2.02 of the Loan Agreement;

 

(xii) the
Borrowers shall have paid (a) all fees payable to the Lenders, and (b) all fees and expenses of the Administrative Agent and the
Delayed Draw Term Loan Lender in connection with this DDTL Joinder Number 1;

 

(xiii) the
Interest Reserve Account shall have been funded by an aggregate amount that is not less than $5,151,993.28; provided, however,
any shortfall in the balance of the Interest Reserve Account shall be funded on the DDTL Joinder Number 1 Effective Date out of
the proceeds of the Delayed Draw Term Loan; and

   

(xiv) the
Delayed Draw Term Loan Lender shall have funded Loans in an aggregate amount of $7,500,000 in accordance with the terms of the
funds flow annexed hereto as Annex 1 and the “net” proceeds of the Delayed Draw Term Loan (after paying fees,
costs and expenses thereof and required funding of the Interest Reserve Account) shall have been deposited into the Loan Proceeds
Account.

  

    4

     

    

 

SECTION
5. Condition Subsequent. Not later than April 13, 2018 (or such later date as the Administrative Agent may reasonably
agree), the Administrative Agent shall have received a reaffirmation agreement in respect of the Recourse Guaranty in form and
substance reasonably satisfactory to the Administrative Agent; provided that the failure to deliver such reaffirmation
agreement by April 13, 2018 (or such later date as the Administrative Agent may reasonably agree) shall be an Event of Default
under the Loan Agreement.

 

SECTION
6. Confirmation of Representations and Warranties.

 

(a) Each
Borrower hereby represents and warrants, on and as of the DDTL Joinder Number 1 Effective Date, that the representations and warranties
of Borrowers contained in Article III of the Loan Agreement are true and correct in all material respects on such date to the
same extent as though made on and as of such date, except to the extent such representations and warranties specifically relate
to an earlier date, in which case they were true and correct in all material respects on and as of such earlier date (provided that, if a representation and warranty contains a materiality or Material Adverse Effect qualification, such representation
and warranty is true and correct in all respects).

 

(b) Each
Loan Party hereby represents and warrants, on and as of the DDTL Joinder Number 1 Effective Date, that it has the necessary corporate
power to execute, deliver and perform this DDTL Joinder Number 1, and it has duly authorized all corporate or other action required
to be taken by it for the execution, delivery and performance of this DDTL Joinder Number 1 and the consummation of the transaction
contemplated hereby.

 

SECTION
7. Consent and Affirmation. Each Borrower hereby (i) consents to the execution, delivery and performance of this DDTL
Joinder Number 1 and agrees that each Loan Document is, and shall continue to be, in full force and effect and is hereby in all
respects ratified and confirmed on the DDTL Joinder Number 1 Effective Date, except that, on and after the DDTL Joinder Number
1 Effective Date, each reference to the “Loan Agreement”,“thereunder”, “thereof’”, “therein”
or words of like import referring to the Loan Agreement shall mean and be a reference to the Loan Agreement as amended and
otherwise modified by this DDTL Joinder Number 1, and (ii) confirms that the Loan Documents to which each of the Borrowers is
a party and all of the Collateral described therein do, and shall continue to, secure the payment of all of the Obligations.

 

SECTION
8. Waiver of Prospective Delayed Draw Loan Notice and terms of the Delayed Draw Term Loan. By their signatures to this
DDTL Joinder No. 1, the Borrowers and the Delayed Draw Term Loan Lender each agree to waive the requirements of the delivery of
a Prospective Delayed Draw Loan Notice, and the Administrative Agent and the Lenders agree to waive the requirement for delivery
of a Prospective Delayed Draw Loan Notice based upon the representation by each of the Borrowers and the Delayed Draw Term Loan
Lender that the terms of the Delayed Draw Term Loan are substantially identical to those with respect to the Loans in effect immediately
prior to the date hereof, other than (a) treatment of the Delayed Draw Term Loan Lender as an Affiliated Lender, (b) the filing
of the Mortgage Amendment No. 1 with respect to the Delayed Draw Term Loan, (c) modifications to the title insurance policy delivered
to the Administrative Agent on the Closing Date and (d) increase in the outstanding principal balance of the Loans to $47,500,000.

 

SECTION
9. Reference to and Effect on the Loan Documents.

 

(a) On
and after the DDTL Joinder Number 1 Effective Date, each reference in the Loan Agreement to “hereunder”, “hereof’
or words of like import referring to the Loan Agreement, and each reference in the other transaction documents to the “Loan
Agreement”, “thereunder”, “thereof” or words of like import referring to the Loan Agreement,
shall mean and be a reference to the Loan Agreement as modified by this DDTL Joinder Number 1. From and after the DDTL Joinder
Number 1 Effective Date, this DDTL Joinder Number 1 shall be a Loan Document under the Loan Agreement.

  

    5

     

    

 

(b) The
Loan Agreement and the other Loan Documents, as specifically amended by this DDTL Joinder Number 1, are and shall continue to
be in full force and effect and are hereby in all respects ratified and confirmed, and the respective guarantees, pledges, grants
of security interests and other agreements, as applicable, under each of the Loan Documents, notwithstanding the consummation
of the transactions contemplated hereby, shall continue to be in full force and effect and shall accrue to the benefit of the
Administrative Agent and the Lenders under the Loan Agreement. Without limiting the generality of the foregoing, the Collateral
described in the Loan Documents do and shall continue to secure the payment of all Obligations of the Borrowers under the Loan
Documents, in each case, as amended by this DDTL Joinder Number 1.

 

(c) The
execution, delivery and effectiveness of this DDTL Joinder Number 1 shall not, except as expressly provided herein, operate as
a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute
a waiver of any provision of any of the Loan Documents.

 

SECTION
10. Execution in Counterparts; Order of Amendments. This DDTL Joinder Number 1 may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and
all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature
page to this DDTL Joinder Number 1 by .pdf or other electronic form shall be effective as delivery of a manually executed original
counterpart of this DDTL Joinder Number 1.

 

SECTION
11. Amendments; Headings; Severability. This DDTL Joinder Number 1 may not be amended nor may any provision hereof be
waived except pursuant to a writing signed by the Borrowers, the Administrative Agent and the Lenders. The Section headings used
herein are for convenience of reference only, are not part of this DDTL Joinder Number 1 and are not to affect the construction
of, or to be taken into consideration in interpreting this DDTL Joinder Number 1. Any provision of this DDTL Joinder Number 1
held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining
provisions hereof, and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision
in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable
provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable
provisions.

 

SECTION
12. Cost and Expenses. Borrowers agree to pay on demand all costs and expenses of the Administrative Agent in connection
with the preparation, execution, delivery and administration, modification and amendment of this DDTL Joinder Number 1 and the
other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of
counsel for the Administrative Agent) in accordance with the terms of Section 10.05 of the Loan Agreement.

 

SECTION
13. Governing Law; Etc. This DDTL Joinder Number 1 shall be governed by, and construed in accordance with, the laws
of the State of New York, and shall be subject to the jurisdictional, service and waiver of jury trial provisions of the Loan
Agreement, as if they were set forth herein.

 

SECTION
14. No Novation. This DDTL Joinder Number 1 shall not extinguish the obligations for the payment of money outstanding
under the Loan Agreement or discharge or release the Lien or priority of any Loan Document or any other security therefor. Nothing
herein contained shall be construed as a substitution or novation of the obligations outstanding under the Loan Agreement or instruments
securing the same, which shall remain in full force and effect, except to any extent modified hereby or by instruments executed
concurrently herewith and except to the extent repaid as provided herein. Nothing implied in this DDTL Joinder Number 1 or in
any other document contemplated hereby shall be construed as a release or other discharge of any of the Borrowers under any Loan
Document from any of its obligations and liabilities as a Borrower, guarantor or pledgor under any of the Loan Documents.

 

[SIGNATURES
FOLLOW]

  

    6

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this DDTL Joinder Number 1 to be executed by their respective officers thereunto
duly authorized, as of the date first above written.

  

	 	HOF VILLAGE, LLC, a Delaware limited liability company
	 	 
	 	By:	 /s/ Brian Parisi
	 	Name: 	 Brian Parisi
	 	Title:	 Chief Financial Officer
	 	 
	 	HOF VILLAGE PARKING, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/ Brian Parisi
	 	Name:	Brian Parisi
	 	Title:	Chief Financial Officer
	 	 
	 	HOF VILLAGE YOUTH FIELDS, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/ Brian Parisi
	 	Name:	Brian Parisi
	 	Title:	Chief Financial Officer
	 	 
	 	HOF VILLAGE STADIUM, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/ Brian Parisi
	 	Name:	Brian Parisi
	 	Title:	Chief Financial Officer
	 	 
	 	HOF VILLAGE LAND, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/ Brian Parisi
	 	Name:	Brian Parisi
	 	Title:	Chief Financial Officer

   

[SIGNATURE PAGE TO HOFV – DDTL JOINDER
NUMBER 1]

     

     

    

  

	 	HOF VILLAGE HOTEL I, LLC, a Delaware limited liability company
	 	 
	 	By:	 /s/ Brian Parisi
	 	Name:	Brian Parisi
	 	Title:	Chief Financial Officer
	 	 
	 	HOF VILLAGE SPORTS BUSINESS, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/ Brian Parisi
	 	Name:	Brian Parisi
	 	Title:	 Chief Financial Officer
	 	 
	 	HOF VILLAGE PARKING MANAGEMENT I, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/ Brian Parisi
	 	Name:	Brian Parisi
	 	Title:	Chief Financial Officer
	 	 
	 	HOF VILLAGE RESIDENCES I, LLC, a Delaware limited liability company
	 	 
	 	By:	 /s/ Brian Parisi
	 	Name:	Brian Parisi
	 	Title:	Chief Financial Officer
	 	 
	 	HOF VILLAGE CENTER FOR EXCELLENCE, LLC, a Delaware limited liability company
	 	 
	 	By:	 /s/ Brian Parisi
	 	Name:	 Brian Parisi
	 	Title:	Chief Financial Officer

  

[SIGNATURE PAGE TO HOFV – DDTL JOINDER
NUMBER 1]

     

     

    

  

	 	HOF VILLAGE CENTER FOR PERFORMANCE, LLC, a Delaware limited liability company
	 	 
	 	By:	 /s/ Brian Parisi
	 	Name:	Brian Parisi
	 	Title:	 Chief Financial Officer
	 	 
	 	HOF EXPERIENCE, LLC, a Delaware limited liability company
	 	 
	 	By:	 /s/ Brian Parisi
	 	Name:	Brian Parisi
	 	Title:	Chief Financial Officer
	 	 
	 	HOF VILLAGE MEDIA GROUP, LLC, a Delaware limited liability company
	 	 
	 	By:	 /s/ Brian Parisi
	 	Name:	Brian Parisi
	 	Title:	Chief Financial Officer

  

[SIGNATURE PAGE TO HOFV – DDTL JOINDER
NUMBER 1]

     

     

    

  

	 	GACP FINANCE CO., LLC, as Administrative Agent
	 	 
	 	By:	/s/ Harry Chung
	 	Name: 	Harry Chung
	 	Title:  	Authorized Signatory
	 	 
	 	GACP II, L.P., as a Lender (holding an Initial Term Loan)
	 	 
	 	By:	 /s/ Harry Chung
	 	Name: 	Harry Chung
	 	Title:  	Authorized Signatory

  

[SIGNATURES CONTINUE ON NEXT PAGE]

 

     

     

    

  

	 	DELAYED DRAW TERM LOAN LENDER:
	 	 
	 	 	IRG, LLC,
	 	 	a Nevada limited liability company
	 	 
	 	 	By:	S.L. Properties, Inc.,
	 	 	 	a Delaware corporation,
	 	 	 	its Manager
	 	 
	 	 	 	By:	 /s/ Stuart Lichter
	 	 	 	 	Name: 	 Stuart Lichter
	 	 	 	 	Title:	 President

  

[SIGNATURE PAGE TO HOFV – DDTL JOINDER
NUMBER 1]

     

     

    

 

Acknowledgment
by IRG, LLC as a Delayed Draw Term Loan Lender:

 

By
the execution and delivery of this DDTL Joinder Number 1, the undersigned Delayed Draw Term Loan Lender hereby represents and
warrants that (i) it is an Affiliated Lender and (ii) it has received a copy of and has reviewed the Loan Agreement and the other
Loan Documents, and hereby agrees to be bound by the terms of the Loan Agreement as fully as if the undersigned had executed and
delivered the Loan Agreement as of the original date thereof. Accordingly, and without limiting the provisions of the Loan Agreement
and the other Loan Documents, the undersigned Delayed Draw Term Loan Lender hereby acknowledges, covenants and agrees that all
provisions of the Loan Agreement that apply to Affiliated Lenders (including, without limitation and to the extent applicable,
the relevant provisions of Sections 2.13 and 10.04 of the Loan Agreement) shall apply to the undersigned Delayed Draw Term Loan
Lender, as an Affiliated Lender. More specifically the Delayed Draw Term Loan Lender consents and agreed as follows:

 

(i) For
purposes of determining whether the Required Lenders or all Lenders have (a) consented (or not consented) to any amendment, modification,
waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Borrower therefrom
unless the action in question affects any Affiliated Lender in a disproportionately adverse manner than its effect on the other
Lenders, (b) otherwise acted on any matter related to any Loan Document or (c) directed or required the Administrative Agent or
any Lender to undertake any action (or refrain from taking any action) with respect to or under any Loan Document, no Affiliated
Lender shall have any right to consent (or not consent), otherwise act or direct or require the Administrative Agent or any Lender
to take (or refrain from taking) any such action,

 

(x)
all Loans held by any Affiliated Lenders shall be deemed to be not outstanding for all purposes of calculating whether the Required
Lenders have taken any actions; and

 

(y)
all Loans held by Affiliated Lenders shall be deemed to be not outstanding for all purposes of calculating whether all Lenders
have taken any action unless the action in question affects such Affiliated Lender in a disproportionately adverse manner than
its effect on other Lenders; provided that if a proceeding under any Debtor Relief Law shall be commenced by or against
any Borrower, neither any Affiliated Lender (nor any Assignee of any Affiliated Lender) shall be entitled to vote with respect
to the Loans held by such Affiliated Lender (or its Assignee) in any such proceeding under any Debtor Relief Law (other than in
accordance with the direction of the Administrative Agent), including in connection with any plan (or plan or reorganization)
even if any such plan (or plan or reorganization) proposes to treat any Obligations held by such Affiliated Lender (or its Assignee)
in a disproportionately adverse manner to such Affiliated Lender (or its Assignee) than the proposed treatment of similar Obligations
held by Lenders that are not Affiliated Lenders (or Assignees of any such Affiliated Lender).

 

(ii) (a)
that it shall not receive information provided solely to Lenders by the Administrative Agent or any Lender and will not be permitted
to attend or participate in conference calls or meetings attended solely by the Lenders and the Administrative Agent, other than
the right to receive notices of prepayments and other administrative notices in respect of its Loans required to be delivered
to Lenders pursuant to Article II of the Loan Agreement, and shall not be permitted to challenge the Administrative Agent’s
or any Lender’s attorney-client privilege, (b) as a condition to each assignment by it, the Assignee of such assignment
would agree that it shall constitute an Affiliated Lender and it (or its Assignee) shall not at any time be entitled to or permitted
to assign (or sell a participation in) any Loans held by it other than to another Affiliated Lender and (c) none of the Administrative
Agent or any Lender or any of their respective officers, partners, directors, employees or agents shall be liable to any Affiliated
Lender for any action taken or omitted by any Administrative Agent or any Lender under or in connection with any of the Loan Documents
except to the extent caused by the Administrative Agent or such Lender’s gross negligence or willful misconduct (as determined
by a court of competent jurisdiction by final and nonappealable judgment).

  

     

     

    

 

(iii) The
Affiliated Lenders (or Assignees of any such Affiliated Lender) shall not be entitled to the benefit of Section 2.13 of
the Loan Agreement in the event they receive disproportionately adverse treatment in a proceeding under Debtor Relief Laws, Affiliated
Lenders (or Assignees of any such Affiliated Lender) shall not object to receiving proportionately lesser payment and any payment
received by any Affiliated Lender (or Assignees of any such Affiliated Lender) in excess of less than ratable treatment (or proportionately
lesser payment) provided for such Person in such proceeding shall be deemed “proportionately greater payment” to such
Person and shall be turned over to the Administrative Agent for application to Obligations held by Lenders that are not Affiliated
Lenders (or Assignees of any such Affiliated Lender).

 

(iv) If
a proceeding under any Debtor Relief Law shall be commenced by or against any Borrower, such Affiliated Lender (or its Assignee)
irrevocably authorizes and empowers the Administrative Agent to vote on behalf of such Affiliated Lender (or its Assignee) with
respect to the Loans held by such Affiliated Lender (or its Assignee) in any manner in the Administrative Agent’s sole discretion,
unless the Administrative Agent instructs such Affiliated Lender (or its Assignee) to vote, in which case such Affiliated Lender
(or its Assignee) shall vote with respect to the Loans held by it as the Administrative Agent directs whether or not the result
of such vote (including in connection with any plan (or plan of reorganization) proposes to treat any Obligations held by such
Affiliated Lender (or its Assignee) in a disproportionately adverse manner to such Affiliated Lender (or its Assignee) than the
proposed treatment of similar Obligations held by Lenders that are not Affiliated Lenders (or Assignees of any such Affiliated
Lender).

 

The
Affiliated Lenders hereby irrevocably and unconditionally submit, for themselves and their property, to the exclusive jurisdiction
of any New York State court or Federal court of the United States of America sitting in the County of New York, City of New York,
and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or the other
Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally
agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the
extent permitted by law, in such Federal court.

 

This
acknowledgment shall constitute a Loan Document for all purposes and shall be governed by, and construed in accordance with, the
laws of the State of New York.

 

The
terms and provisions hereof shall be binding upon the undersigned and its successors and assigns and shall inure to the benefit
of the Administrative Agent, the Lenders and their respective successors and assigns.

 

[SIGNATURE
FOLLOWS]

  

     

     

    

  

	 	DELAYED DRAW TERM LOAN LENDER:
	 	 
	 	 	IRG, LLC,
	 	 	a Nevada limited liability company
	 	 
	 	 	By:	S.L. Properties, Inc.,
	 	 	 	a Delaware corporation,
	 	 	 	its Manager
	 	 
	 	 	 	By:	 /s/ Stuart Lichter
	 	 	 	 	Name: 	 Stuart Lichter
	 	 	 	 	Title:	 President

  

 [SIGNATURE
PAGE TO ACKNOWLEDGMENT BY IRG, LLC TO DDTL JOINDER NUMBER 1]

     

     

    

 

Annex
1

 

[Redacted]Exhibit
10.11

 

CERTAIN INFORMATION HAS BEEN EXCLUDED
FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.
[***] or [Redacted] INDICATES THAT INFORMATION HAS BEEN REDACTED. 

 

 

 

  

DELAYED
DRAW JOINDER AGREEMENT NUMBER 2

 

Dated
as of May 18, 2018

 

among

 

HOF
VILLAGE, LLC; HOF VILLAGE YOUTH FIELDS, LLC; HOF VILLAGE PARKING, LLC; HOF

VILLAGE STADIUM, LLC AND THE OTHER PERSONS SIGNATORY HERETO AS BORROWERS

 

and

 

THE
LENDERS PARTY HERETO,

 

and

 

GACP
FINANCE CO., LLC, as Administrative Agent

  

 

 

 

 

     

     

    

 

DELAYED
DRAW JOINDER AGREEMENT NUMBER 2

 

This
DELAYED DRAW JOINDER AGREEMENT NUMBER 2 (this “DDTL Joinder Number 2”) dated as of May 18, 2018 is made by and among:

 

(i)
HOF VILLAGE, LLC, a Delaware limited liability company (the “Lead Borrower”); HOF VILLAGE YOUTH FIELDS, LLC,
a Delaware limited liability company; HOF VILLAGE PARKING, LLC, a Delaware limited liability company; HOF VILLAGE STADIUM, LLC,
a Delaware limited liability company; HOF VILLAGE LAND, LLC, a Delaware limited liability company; HOF VILLAGE HOTEL I, LLC, a
Delaware limited liability company; HOF VILLAGE SPORTS BUSINESS, LLC, a Delaware limited liability company; HOF VILLAGE PARKING
MANAGEMENT I, LLC, a Delaware limited liability company; HOF VILLAGE RESIDENCES I, LLC, a Delaware limited liability company;
HOF VILLAGE CENTER FOR EXCELLENCE, LLC, a Delaware limited liability company; HOF VILLAGE CENTER FOR PERFORMANCE, LLC, a Delaware
limited liability company; HOF EXPERIENCE, LLC, a Delaware limited liability company; HOF VILLAGE MEDIA GROUP, LLC, a Delaware
limited liability company; and the other Persons signatory hereto as “Borrowers” (collectively, the “Borrowers”,
and each individually, a “Borrower”);

 

(ii)
the Delayed Draw Term Loan Lenders party hereto;

 

(iii)
the other Lenders party hereto; and

 

(iv)
GACP FINANCE CO., LLC, as administrative agent (in such capacity, the “Administrative Agent”).

 

PRELIMINARY
STATEMENTS:

 

(1)
The Borrowers, the Lenders party thereto from time to time, the Administrative Agent, and the other parties named therein are
parties to the Term Loan Agreement, dated as of March 20, 2018, as amended by that certain Delayed Draw Joinder Agreement Number
1, dated as of April 11, 2018 (as so amended and as it may be further amended, restated, supplemented, waived or otherwise modified
from time to time, the “Loan Agreement”; capitalized terms used but not otherwise defined herein shall have
the meanings ascribed to such terms in the Loan Agreement, as amended hereby).

 

(2)
The Borrowers desire to borrow two (2) additional Delayed Draw Term Loans (each a “Second Delayed Draw Term Loan,”
and together, the “Second Delayed Draw Term Loans”) pursuant to Section 2.01(c) of the Loan Agreement (it being
understood that each Second Delayed Draw Term Loan constitutes a Loan under the Loan Agreement).

 

(3)
The Borrowers and the Delayed Draw Term Loan Lenders party hereto have informed the Administrative Agent that the terms of the
Second Delayed Draw Term Loans are substantially identical to those with respect to the Loans in effect immediately prior to the
date hereof, other than (a) treatment of IRG, LLC, a Nevada limited liability company (the “IRG Lender”), which
is one of the Delayed Draw Term Loan Lenders, as an Affiliated Lender, (b) the filing of the Mortgage Amendment No. 2 (defined
below) with respect to the Second Delayed Draw Term Loans, (c) modifications to the title insurance policy delivered to the Administrative
Agent on the Closing Date, and (d) increase in the outstanding principal balance of the Loans to $65,000,000.

 

    1

     

    

 

(4)
On the DDTL Joinder Number 2 Effective Date (as defined below), the Delayed Draw Term Loan Lenders party hereto will make the
Second Delayed Draw Term Loans to Borrowers, in an aggregate principal amount equal to $17,500,000, as follows: (a) DemoMode Marketing,
LLC, a New York limited liability company (the “DemoMode Lender”), shall make a Second Delayed Draw Term Loan
in the principal amount of $10,000,000, and (b) the IRG Lender shall make a Second Delayed Draw Term Loan in the principal amount
of $7,500,000. IRG Lender represents that it is an Eligible Assignee. The Administrative Agent and the existing Lenders (including
IRG Lender) acknowledge and agree that the DemoMode Lender is and shall be considered an Eligible Assignee for all purposes of
the this DDTL Joinder Number 2, the Loan Agreement and the Loan Documents, as applicable, notwithstanding anything to the contrary
in the definition of “Eligible Assignee” in the Loan Agreement.

 

(5)
The Administrative Agent, the Borrowers, the Delayed Draw Term Loan Lenders and the other Lenders party hereto desire to memorialize
the terms of this DDTL Joinder Number 2 to become effective on the DDTL Joinder Number 2 Effective Date.

 

NOW,
THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency
and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree
as follows:

 

SECTION
1 Defined Terms. Terms defined in the preamble, preliminary statements and otherwise in this DDTL Joinder Number 2 shall
have the meanings given to such terms in such preamble, preliminary statements and Section 4, respectively.

 

SECTION
2 Second Delayed Draw Term Loans. On the DDTL Joinder Number 2 Effective Date, subject to the satisfaction or waiver (by
each Lender) of the conditions precedent set forth in Section 4 hereof, the Delayed Draw Term Loan Lenders party hereto
will make the Second Delayed Draw Term Loans to Borrowers, in an aggregate principal amount equal to $17,500,000, as follows:
(a) the DemoMode Lender shall make a Second Delayed Draw Term Loan in the principal amount of $10,000,000, and (b) the IRG Lender
shall make a Second Delayed Draw Term Loan in the principal amount of $7,500,000. The obligation of each Delayed Draw Term Loan
Lender to make its Second Delayed Draw Term Loan to Borrowers is several and not joint. No Delayed Draw Term Loan Lender shall
have any liability arising from any other Delayed Draw Term Loan Lender’s failure to fund its Second Delayed Draw Term Loan.

 

SECTION
3 [Reserved].

 

SECTION
4 Conditions to Effectiveness. This DDTL Joinder Number 2 shall become effective on the date (the “DDTL Joinder
Number 2 Effective Date”), when each of the conditions set forth in this Section 4 shall have been satisfied
(or waived by the Lenders):

 

(i)
the Administrative Agent shall have received counterparts of this DDTL Joinder Number 2, duly executed and delivered on behalf
of (a) each Borrower, (b) each Lender (including each Delayed Draw Term Loan Lender), and (c) the Administrative Agent;

 

    2

     

    

 

(ii)
Each Delayed Draw Term Loan Lender that is an Affiliated Lender shall have executed and delivered the Affiliated Lender acknowledgment
accompanying the signature page to this DDTL Joinder Number 2;

 

(iii)
the Administrative Agent and each Lender shall have received a certificate of a Responsible Officer of Borrower, dated the DDTL
Joinder Number 2 Effective Date and certifying:

 

(a)
that attached thereto is a true and correct copy of the resolutions of the board of directors or equivalent governing body of
each Borrower approving this DDTL Joinder Number 2 and the transactions contemplated hereby; and

 

(b)
that, as of the DDTL Joinder Number 2 Effective Date, (1) each representation and warranty set forth in each Loan Document shall
be true and correct in all material respects on and as of the date of making of the Second Delayed Draw Term Loans with the same
effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an
earlier date, in which case such representations and warranties shall have been true and correct in all material respects on and
as of such earlier date (provided that, if a representation and warranty contains a materiality or Material Adverse Effect
qualification, such representation and warranty is true and correct in all respects), and (2) each Borrower is in compliance with
all the terms and provisions set forth in each Loan Document on its part to be observed or performed, and, at the time of and
immediately after making of the Second Delayed Draw Term Loans, no Event of Default or Default shall have occurred and be continuing;

 

(iv)
the Administrative Agent and each Lender shall have received a duly executed amendment to the Mortgage (the “Mortgage
Amendment No. 2”), confirming that the aggregate principal amount of the Loans is not less than $65,000,000;

 

(v)
the Borrowers shall have delivered an updated title insurance policy giving effect to title insurance coverage of not less than
$65,000,000;

 

(vi)
(a) the DemoMode Lender shall have received a Note in the amount of $10,000,000 and (b) the IRG Lender shall have received a Note
in the amount of $7,500,000;

 

(vii)
as of the DDTL Joinder Number 2 Effective Date, (x) the representations and warranties of Borrowers contained in Article III of
the Loan Agreement and any representations and warranties set forth in any other Loan Document shall be true and correct in all
material respects on the DDTL Joinder Number 2 Effective Date to the same extent as though made on and as of such date, except
to the extent such representations and warranties specifically relate to an earlier date, in which case they shall have been true
and correct in all material respects on and as of such earlier date, and (y) no Default or Event of Default shall have occurred
and be continuing, or would occur immediately after giving effect to the transactions contemplated by this DDTL Joinder Number
2;

 

(viii)
the Administrative Agent and each Lender shall have received a Solvency Certificate from the Lead Borrower on behalf of each Borrower;

 

    3

     

    

 

(ix)
the Administrative Agent and each Lender shall have received reaffirmation agreements in respect of the Recourse Guaranty, the
Mezzanine Subordination Agreement and the subordination agreement executed by National Football Museum Inc.;

 

(x)
the Borrowers shall have provided the Administrative Agent and the Delayed Draw Term Loan Lenders with a notice of borrowing in
accordance with the requirements of Section 2.01(c) of the Loan Agreement;

 

(xi)
the Borrowers shall have paid (a) all fees payable to the Lenders, and (b) all fees and expenses of the Administrative Agent and
the Delayed Draw Term Loan Lenders in connection with this DDTL Joinder Number 2;

 

(xii)
the Interest Reserve Account shall have been funded by an aggregate amount that is not less than $6,842,838.421;
provided, however, any shortfall in the balance of the Interest Reserve Account shall be funded on the DDTL Joinder Number
2 Effective Date out of the proceeds of the Second Delayed Draw Term Loans; and

 

(xiii)
the Delayed Draw Term Loan Lenders shall have funded the Second Delayed Draw Term Loans in an aggregate amount of $17,500,000
in accordance with the terms of the funds flow annexed hereto as Annex 1, and the “net” proceeds of the Second
Delayed Draw Term Loans (after paying fees, costs and expenses thereof and required funding of the Interest Reserve Account) shall
have been deposited into the Loan Proceeds Account.

 

SECTION
5 [Reserved].

 

SECTION
6 Confirmation of Representations and Warranties.

 

(a)
Each Borrower hereby represents and warrants, on and as of the DDTL Joinder Number 2 Effective Date, that the representations
and warranties of Borrowers contained in Article III of the Loan Agreement and any representations and warranties set forth in
any other Loan Document are true and correct in all material respects on such date to the same extent as though made on and as
of such date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they
were true and correct in all material respects on and as of such earlier date (provided that, if a representation and warranty
contains a materiality or Material Adverse Effect qualification, such representation and warranty is true and correct in all respects).

 

(b)
Each Loan Party hereby represents and warrants, on and as of the DDTL Joinder Number 2 Effective Date, that it has the necessary
corporate power to execute, deliver and perform this DDTL Joinder Number 2, and it has duly authorized all corporate or other
action required to be taken by it for the execution, delivery and performance of this DDTL Joinder Number 2 and the consummation
of the transaction contemplated hereby.

 

 

1 This amount
represents an aggregate finding without giving effect to amounts drawn to date for interest payments.

 

    4

     

    

 

SECTION
7 Consent and Affirmation. Each Borrower hereby (i) consents to the execution, delivery and performance of this DDTL Joinder
Number 2 and agrees that each Loan Document is, and shall continue to be, in full force and effect and is hereby in all respects
ratified and confirmed on the DDTL Joinder Number 2 Effective Date, except that, on and after the DDTL Joinder Number 2 Effective
Date, each reference to the “Loan Agreement”, “thereunder”, “thereof”,
“therein” or words of like import referring to the Loan Agreement shall mean and be a reference to the Loan
Agreement as amended and otherwise modified by this DDTL Joinder Number 2, (ii) confirms that the Loan Documents to which each
of the Borrowers is a party and all of the Collateral described therein do, and shall continue to, secure the payment of all of
the Obligations, and (iii) confirms that the Second Delayed Draw Term Loans contemplated hereby shall constitute “Loans”
for all purposes under the Loan Agreement and the other Loan Documents.

 

SECTION
8 Waiver of Prospective Delayed Draw Loan Notice and terms of the Delayed Draw Term Loan. By their signatures to this DDTL
Joinder Number 2, the Borrowers and the Delayed Draw Term Loan Lenders each agree to waive the requirements of the delivery of
a Prospective Delayed Draw Loan Notice, and the Administrative Agent and the Lenders agree to waive the requirement for delivery
of a Prospective Delayed Draw Loan Notice based upon the representation by each of the Borrowers and the Delayed Draw Term Loan
Lenders that the terms of the Second Delayed Draw Term Loans are substantially identical to those with respect to the Loans in
effect immediately prior to the date hereof, other than (a) treatment of the IRG Lender, which is one of the Delayed Draw Term
Loan Lenders, as an Affiliated Lender, (b) the filing of the Mortgage Amendment No. 2 with respect to the Second Delayed Draw
Term Loans, (c) modifications to the title insurance policy delivered to the Administrative Agent on the Closing Date, and (d)
increase in the outstanding principal balance of the Loans to $65,000,000.

 

SECTION
9 Reference to and Effect on the Loan Documents.

 

(a)
On and after the DDTL Joinder Number 2 Effective Date, each reference in the Loan Agreement to “hereunder”,
“hereof” or words of like import referring to the Loan Agreement, and each reference in the other transaction
documents to the “Loan Agreement”, “thereunder”, “thereof” or words of
like import referring to the Loan Agreement, shall mean and be a reference to the Loan Agreement as modified by this DDTL Joinder
Number 2. From and after the DDTL Joinder Number 2 Effective Date, this DDTL Joinder Number 2 shall be a Loan Document under the
Loan Agreement.

 

(b)
The Loan Agreement and the other Loan Documents, as specifically amended by this DDTL Joinder Number 2, are and shall continue
to be in full force and effect and are hereby in all respects ratified and confirmed, and the respective guarantees, pledges,
grants of security interests and other agreements, as applicable, under each of the Loan Documents, notwithstanding the consummation
of the transactions contemplated hereby, shall continue to be in full force and effect and shall accrue to the benefit of the
Administrative Agent and the Lenders under the Loan Agreement. Without limiting the generality of the foregoing, the Collateral
described in the Loan Documents do and shall continue to secure the payment of all Obligations of the Borrowers under the Loan
Documents, in each case, as amended by this DDTL Joinder Number 2.

 

(c)
The execution, delivery and effectiveness of this DDTL Joinder Number 2 shall not, except as expressly provided herein, operate
as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute
a waiver of any provision of any of the Loan Documents.

 

    5

     

    

 

SECTION
10 Execution in Counterparts; Order of Amendments. This DDTL Joinder Number 2 may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and
all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature
page to this DDTL Joinder Number 2 by .pdf or other electronic form shall be effective as delivery of a manually executed original
counterpart of this DDTL Joinder Number 2.

 

SECTION
11 Amendments; Headings; Severability. This DDTL Joinder Number 2 may not be amended nor may any provision hereof be waived
except pursuant to a writing signed by the Borrowers, the Administrative Agent and the Lenders. The Section headings used herein
are for convenience of reference only, are not part of this DDTL Joinder Number 2 and are not to affect the construction of, or
to be taken into consideration in interpreting this DDTL Joinder Number 2. Any provision of this DDTL Joinder Number 2 held to
be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such
invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions
hereof, and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions
with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable
provisions.

 

SECTION
12 Cost and Expenses. Borrowers agree to pay on demand all costs and expenses of the Administrative Agent in connection
with the preparation, execution, delivery and administration, modification and amendment of this DDTL Joinder Number 2 and the
other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of
counsel for the Administrative Agent) in accordance with the terms of Section 10.05 of the Loan Agreement. In addition, Borrowers
agree to reimburse the DemoMode Lender for costs and expenses incurred in connection with the preparation, execution, and delivery
of this DDTL Joinder Number 2 in an amount not to exceed $10,000.

 

SECTION
13 Governing Law; Etc. This DDTL Joinder Number 2 shall be governed by, and construed in accordance with, the laws of the
State of New York, and shall be subject to the jurisdictional, service and waiver of jury trial provisions of the Loan Agreement,
as if they were set forth herein.

 

SECTION
14 No Novation. This DDTL Joinder Number 2 shall not extinguish the obligations for the payment of money outstanding under
the Loan Agreement or discharge or release the Lien or priority of any Loan Document or any other security therefor. Nothing herein
contained shall be construed as a substitution or novation of the obligations outstanding under the Loan Agreement or instruments
securing the same, which shall remain in full force and effect, except to any extent modified hereby or by instruments executed
concurrently herewith and except to the extent repaid as provided herein. Nothing implied in this DDTL Joinder Number 2 or in
any other document contemplated hereby shall be construed as a release or other discharge of any of the Borrowers under any Loan
Document from any of its obligations and liabilities as a Borrower, guarantor or pledgor under any of the Loan Documents.

 

[SIGNATURES
FOLLOW]

 

    6

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this DDTL Joinder Number 2 to be executed by their respective officers thereunto
duly authorized, as of the date first above written.

 

	 	HOF
    VILLAGE, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer
	 	 	 
	 	HOF
    VILLAGE PARKING, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer
	 	 	 
	 	HOF
    VILLAGE YOUTH FIELDS, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer
	 	 	 
	 	HOF
    VILLAGE STADIUM, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer
	 	 	 
	 	HOF
    VILLAGE LAND, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer

 

[SIGNATURES
CONTINUE ON NEXT PAGE]

 

 

[Signature
Page to Joinder Number 2]

     

     

    

 

	 	HOF
    VILLAGE HOTEL, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer
	 	 	 
	 	HOF
    VILLAGE SPORTS BUSINESS, LLC, a Delaware limited liability company  
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer
	 	 	 
	 	HOF
    VILLAGE PARKING MANAGEMENT, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer
	 	 	 
	 	HOF
    VILLAGE RESIDENCES I, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer
	 	 	 
	 	HOF
    VILLAGE CENTER FOR EXCELLENCE, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer

 

[SIGNATURES
CONTINUE ON NEXT PAGE]

 

 

 [Signature
Page to Joinder Number 2]

     

     

    

 

	 	HOF
    VILLAGE CENTER FOR PERFORMANCE, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer
	 	 	 
	 	HOF
    EXPERIENCE, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer
	 	 	 
	 	HOF
    VILLAGE MEDIA GROUP, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/
    Brian Parisi
	 	 	Name:
    Brian Parisi
	 	 	Title:
    Chief Financial Officer

 

[SIGNATURES
CONTINUE ON NEXT PAGE]

 

[Signature
Page to Joinder Number 2]

     

     

    

 

	 	Administrative
    Agent:
	 	 
	 	GACP
    FINANCE CO., LLC,
	 	as
    Administrative Agent
	 	 
	 	By:	/s/
    Harry Chung
	 	 	Name:
    Harry Chung
	 	 	Title:
    Authorized Signatory
	 	 	 
	 	Existing
    Lender:
	 	 
	 	GACP
    II, L.P.
	 	 
	 	By:	/s/
    Harry Chung
	 	 	Name:
    Harry Chung
	 	 	Title:
    Authorized Signatory
	 	 	 
	 	IRG,
    LLC
	 	a
    Nevada limited liability company
	 	 
	 	By:	S.L.
    Properties, Inc.,
	 	 	a
    Delaware corporation,
	 	 	its
    Manager

 

	 		By:	
    /s/ Stuart Lichter 
	 	 		Name:
    Stuart Lichter
	 	 		Title:
    President

  

[SIGNATURE PAGE TO
HOFV – DDTL JOINDER NUMBER 2]

     

     

    

 

	 	Delayed
    Draw Term Loan Lenders:
	 	 
	 	IRG,
    LLC
	 	a
    Nevada limited liability company
	 	 
	 	By:	S.L.
    Properties, Inc.,
	 	 	a
    Delaware corporation,
	 	 	its
    Manager
	 	 	 
	 	By:	/s/
    Stuart Lichter
	 	 	Name:
    Stuart Lichter
	 	 	Title:
    President
	 	 	 
	 	DEMOMODE
    MARKETING, LLC,
	 	a
    New York limited liability company
	 	 
	 	By:	/s/
    Mark Bezos
	 	 	Name:
    Mark Bezos
	 	 	Title:
    Managing Member

  

[SIGNATURE PAGE TO
HOFV – DDTL JOINDER NUMBER 2]

     

     

    

 

Acknowledgment
by IRG, LLC as a Delayed Draw Term Loan Lender:

 

By
the execution and delivery of this DDTL Joinder Number 2, the undersigned Delayed Draw Term Loan Lender hereby represents and
warrants that (i) it is an Affiliated Lender and (ii) it has received a copy of and has reviewed the Loan Agreement and the other
Loan Documents, and hereby agrees to be bound by the terms of the Loan Agreement as fully as if the undersigned had executed and
delivered the Loan Agreement as of the original date thereof. Accordingly, and without limiting the provisions of the Loan Agreement
and the other Loan Documents, the undersigned Delayed Draw Term Loan Lender hereby acknowledges, covenants and agrees that all
provisions of the Loan Agreement that apply to Affiliated Lenders (including, without limitation and to the extent applicable,
the relevant provisions of Sections 2.13 and 10.04 of the Loan Agreement) shall apply to the undersigned Delayed Draw Term Loan
Lender, as an Affiliated Lender. More specifically the Delayed Draw Term Loan Lender consents and agreed as follows:

 

(i)
For purposes of determining whether the Required Lenders or all Lenders have (a) consented (or not consented) to any amendment,
modification, waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Borrower
therefrom unless the action in question affects any Affiliated Lender in a disproportionately adverse manner than its effect on
the other Lenders, (b) otherwise acted on any matter related to any Loan Document or (c) directed or required the Administrative
Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under any Loan Document, no
Affiliated Lender shall have any right to consent (or not consent), otherwise act or direct or require the Administrative Agent
or any Lender to take (or refrain from taking) any such action,

 

(x)
all Loans held by any Affiliated Lenders shall be deemed to be not outstanding for all purposes of calculating whether the Required
Lenders have taken any actions; and

 

(y)
all Loans held by Affiliated Lenders shall be deemed to be not outstanding for all purposes of calculating whether all Lenders
have taken any action unless the action in question affects such Affiliated Lender in a disproportionately adverse manner than
its effect on other Lenders; provided that if a proceeding under any Debtor Relief Law shall be commenced by or against
any Borrower, neither any Affiliated Lender (nor any Assignee of any Affiliated Lender) shall be entitled to vote with respect
to the Loans held by such Affiliated Lender (or its Assignee) in any such proceeding under any Debtor Relief Law (other than in
accordance with the direction of the Administrative Agent), including in connection with any plan (or plan or reorganization)
even if any such plan (or plan or reorganization) proposes to treat any Obligations held by such Affiliated Lender (or its Assignee)
in a disproportionately adverse manner to such Affiliated Lender (or its Assignee) than the proposed treatment of similar Obligations
held by Lenders that are not Affiliated Lenders (or Assignees of any such Affiliated Lender).

 

(ii)
(a) that it shall not receive information provided solely to Lenders by the Administrative Agent or any Lender and will not be
permitted to attend or participate in conference calls or meetings attended solely by the Lenders and the Administrative Agent,
other than the right to receive notices of prepayments and other administrative notices in respect of its Loans required to be
delivered to Lenders pursuant to Article II of the Loan Agreement, and shall not be permitted to challenge the Administrative
Agent’s or any Lender’s attorney-client privilege, (b) as a condition to each assignment by it, the Assignee of such
assignment would agree that it shall constitute an Affiliated Lender and it (or its Assignee) shall not at any time be entitled
to or permitted to assign (or sell a participation in) any Loans held by it other than to another Affiliated Lender and (c) none
of the Administrative Agent or any Lender or any of their respective officers, partners, directors, employees or agents shall
be liable to any Affiliated Lender for any action taken or omitted by any Administrative Agent or any Lender under or in connection
with any of the Loan Documents except to the extent caused by the Administrative Agent or such Lender’s gross negligence
or willful misconduct (as determined by a court of competent jurisdiction by final and nonappealable judgment).

 

(iii)
The Affiliated Lenders (or Assignees of any such Affiliated Lender) shall not be entitled to the benefit of Section 2.13 of the
Loan Agreement in the event they receive disproportionately adverse treatment in a proceeding under Debtor Relief Laws, Affiliated
Lenders (or Assignees of any such Affiliated Lender) shall not object to receiving proportionately lesser payment and any payment
received by any Affiliated Lender (or Assignees of any such Affiliated Lender) in excess of less than ratable treatment (or proportionately
lesser payment) provided for such Person in such proceeding shall be deemed “proportionately greater payment” to such
Person and shall be turned over to the Administrative Agent for application to Obligations held by Lenders that are not Affiliated
Lenders (or Assignees of any such Affiliated Lender).

 

(iv)
If a proceeding under any Debtor Relief Law shall be commenced by or against any Borrower, such Affiliated Lender (or its Assignee)
irrevocably authorizes and empowers the Administrative Agent to vote on behalf of such Affiliated Lender (or its Assignee) with
respect to the Loans held by such Affiliated Lender (or its Assignee) in any manner in the Administrative Agent’s sole discretion,
unless the Administrative Agent instructs such Affiliated Lender (or its Assignee) to vote, in which case such Affiliated Lender
(or its Assignee) shall vote with respect to the Loans held by it as the Administrative Agent directs whether or not the result
of such vote (including in connection with any plan (or plan of reorganization) proposes to treat any Obligations held by such
Affiliated Lender (or its Assignee) in a disproportionately adverse manner to such Affiliated Lender (or its Assignee) than the
proposed treatment of similar Obligations held by Lenders that are not Affiliated Lenders (or Assignees of any such Affiliated
Lender).

 

The
Affiliated Lenders hereby irrevocably and unconditionally submit, for themselves and their property, to the exclusive jurisdiction
of any New York State court or Federal court of the United States of America sitting in the County of New York, City of New York,
and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or the other
Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally
agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the
extent permitted by law, in such Federal court.

 

This
acknowledgment shall constitute a Loan Document for all purposes and shall be governed by, and construed in accordance with, the
laws of the State of New York.

 

The
terms and provisions hereof shall be binding upon the undersigned and its successors and assigns and shall inure to the benefit
of the Administrative Agent, the Lenders and their respective successors and assigns.

 

[SIGNATURE
FOLLOWS]

 

     

     

    

 

	 	Delayed
    Draw Term Loan Lenders:
	 	 
	 	IRG,
    LLC
	 	a
    Nevada limited liability company
	 	 
	 	By:	S.L.
    Properties, Inc.,
	 	 	a
    Delaware corporation,
	 	 	its
    Manager

 

	 	 	By:	/s/
    Stuart Lichter
	 	 	 	Name:
    Stuart Lichter
	 	 	 	Title:
    President

 

[SIGNATURE PAGE TO
ACKNOWLEDGMENT BY IRG, LLC

AS A DELAYED DRAW TERM LOAN LENDER]

     

     

    

 

Annex
1

 

[Redacted]

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