Document:

Exhibit 10.17

 

EMPLOYMENT AGREEMENT

 

Amendment No. 1

 

THIS AMENDMENT NO.
1 (this “Amendment”) to the Employment Agreement entered into by and between HOF Village Newco, LLC (the “Company”)
on the one hand, and Michael Levy, an individual (“Executive”) on the other hand (such agreement being the “Employment
Agreement”), is made by the parties as follows.

 

WHEREAS, the
Company and Executive are currently parties to the Employment Agreement effective June 15, 2020; and

 

WHEREAS, the
parties now desire to amend the Employment Agreement.

 

NOW, THEREFORE,
the Company and Executive hereby agree to amend the Employment Agreement as follows:

 

1. Annual
Bonus. Section 2.2 of the Employment Agreement is amended in its entirety and replaced to read as follows:

 

2.2. Annual Bonus.
For each calendar year during the Employment Period, Executive shall be eligible to receive an annual bonus (the “Annual
Bonus”). The target for the Annual Bonus opportunity shall be 40% of the Executive’s Annual Base Salary for each such
calendar year and be based on the Company’s achievement of commercially-reasonable Key Performance Indicators (“KPI’s”)
determined by the Company in writing. The Annual Bonus for calendar year 2020 shall be pro-rated. The Annual Bonus shall be paid
in cash, an equity award under the Company’s long-term incentive plan, or a combination thereof, determined in the sole discretion
of the Company. The Annual Bonus, whether payable and cash and/or equity, may be subject to a vesting schedule and other terms
and conditions, including a payment schedule, as determined by the Company in its sole discretion. In order to have earned the
Annual Bonus for a particular calendar year, the Executive must remain employed through the end of that calendar year and must
not (a) have been, as of the date of payment or settlement, terminated by the Company for Cause (as defined below) or (b)
as of the date of payment or settlement, have ended Executive’s employment with the Company without Good Reason (as defined
below), to be entitled to receive an Annual Bonus.

 

2. Force
and Effect. Except as otherwise set forth in this Amendment, the Employment Agreement shall remain in full force and effect.

 

3. Effective
Date. This Amendment shall become effective on December 22, 2020.

 

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IN WITNESS WHEREOF,
the Company and Executive have executed this Amendment effective as of the day set forth above.

 

	 	HOF VIllage newco, llc
	 	 	 
	 	By:	/s/ Michael Crawford
	 	Name: 	Michael Crawford
	 	Title:	Chief Executive Officer
	 	Date: 
	 	 	 
	 	MICHAEL LEVY 
	 	 	 
	 	/s/ Michael Levy
	 	Michael Levy, Individually
	 	 	 
	 	Date: 

 

 

 

Employment Agreement Amendment No. 1Exhibit 10.18

 

EMPLOYMENT AGREEMENT

 

Amendment No. 1

 

THIS AMENDMENT NO.
1 (this “Amendment”) to the Employment Agreement entered into by and between HOF Village Newco, LLC (the “Company”)
on the one hand, and Jason Krom, an individual (“Executive”) on the other hand (such agreement being the “Employment
Agreement”), is made by the parties as follows.

 

WHEREAS, the
Company and Executive are currently parties to the Employment Agreement effective September 16, 2019; and

 

WHEREAS, the
parties now desire to amend the Employment Agreement.

 

NOW, THEREFORE,
the Company and Executive hereby agree to amend the Employment Agreement as follows:

 

1. Annual
Bonus. Section 2.3 of the Employment Agreement is amended in its entirety and replaced to read as follows:

 

2.3. Annual Bonus.
For each calendar year during the Employment Period, Executive shall be eligible to receive an annual bonus (the “Annual
Bonus”). The target for the Annual Bonus opportunity shall be 40% of the Executive’s Annual Base Salary for each such
calendar year and be based on the Company’s achievement of commercially-reasonable Key Performance Indicators (“KPI’s”)
determined by the Company in writing. The Annual Bonus shall be paid in cash, an equity award under the Company’s long-term
incentive plan, or a combination thereof, determined in the sole discretion of the Company. The Annual Bonus, whether payable and
cash and/or equity, may be subject to a vesting schedule and other terms and conditions, including a payment schedule, as determined
by the Company in its sole discretion. In order to have earned the Annual Bonus for a particular calendar year, the Executive must
remain employed through the end of that calendar year and must not (a) have been, as of the date of payment or settlement,
terminated by the Company for Cause (as defined below) or (b) as of the date of payment or settlement, have ended Executive’s
employment with the Company without Good Reason (as defined below), to be entitled to receive an Annual Bonus.

 

2. Force
and Effect. Except as otherwise set forth in this Amendment, the Employment Agreement shall remain in full force and effect.

 

3.  Effective
Date. This Amendment shall become effective on December 22, 2020.

 

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IN WITNESS WHEREOF,
the Company and Executive have executed this Amendment effective as of the day set forth above.

 

	 	HOF VIllage newco, llc
	 	 
	 	By:	/s/ Michael Crawford
	 	Name:  	Michael Crawford
	 	Title:	Chief Executive Officer
	 	Date:	
	 	 	 
	 	JASON KROM 
	 	 
	 	/s/ Jason Krom
	 	Jason Krom, Individually
	 	 
	 	Date: 

 

Employment Agreement Amendment No. 1Exhibit 10.19

 

EMPLOYMENT AGREEMENT

 

Amendment No. 1

 

THIS AMENDMENT NO.
1 (this “Amendment”) to the Employment Agreement entered into by and between HOF Village Newco, LLC (the “Company”)
on the one hand, and B. Anne Zimmer-Graffice, an individual (“Executive”) on the other hand (such agreement being the
“Employment Agreement”), is made by the parties as follows.

 

WHEREAS, the
Company and Executive are currently parties to the Employment Agreement effective December 1, 2019; and

 

WHEREAS, the
parties now desire to amend the Employment Agreement.

 

NOW, THEREFORE,
the Company and Executive hereby agree to amend the Employment Agreement as follows:

 

1. Annual
Bonus. Section 2.2 of the Employment Agreement is amended in its entirety and replaced to read as follows:

 

2.2. Annual Bonus.
For each calendar year during the Employment Period, Executive shall be eligible to receive an annual bonus (the “Annual
Bonus”). The target for the Annual Bonus opportunity shall be 40% of the Executive’s Annual Base Salary for each such
calendar year and be based on the Company’s achievement of commercially-reasonable Key Performance Indicators (“KPI’s”)
determined by the Company in writing. The Annual Bonus shall be paid in cash, an equity award under the Company’s long-term
incentive plan, or a combination thereof, determined in the sole discretion of the Company. The Annual Bonus, whether payable and
cash and/or equity, may be subject to a vesting schedule and other terms and conditions, including a payment schedule, as determined
by the Company in its sole discretion. In order to have earned the Annual Bonus for a particular calendar year, the Executive must
remain employed through the end of that calendar year and must not (a) have been, as of the date of payment or settlement,
terminated by the Company for Cause (as defined below) or (b) as of the date of payment or settlement, have ended Executive’s
employment with the Company without Good Reason (as defined below), to be entitled to receive an Annual Bonus.

 

2. Force
and Effect. Except as otherwise set forth in this Amendment, the Employment Agreement shall remain in full force and effect.

 

3. Effective
Date. This Amendment shall become effective on December 22, 2020.

 

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IN WITNESS WHEREOF,
the Company and Executive have executed this Amendment effective as of the day set forth above.

 

	 	HOF VIllage newco, llc
	 	 
	 	By:	/s/ Michael Crawford
	 	Name:  	Michael Crawford                   
	 	Title:	Chief Executive Officer
	 	Date:	
	 	 
	 	 
	 	B. ANNE ZIMMER-GRAFFICE
	 	 
	 	/s/ B. Anne Zimmer-Graffice
	 	B. Anne Zimmer-Graffice, Individually
	 	 
	 	Date: 

 

Employment Agreement Amendment No. 1Exhibit 10.20

 

EMPLOYMENT AGREEMENT

 

Amendment No. 1

 

THIS AMENDMENT NO.
1 (this “Amendment”) to the Employment Agreement entered into by and between HOF Village Newco, LLC (“HOF Newco”)
and Hall of Fame Resort & Entertainment Company (“Hall of Fame Resort”) (Hall of Fame Resort, together with HOF
Newco, the “Company”) on the one hand, and Tara Charnes, an individual (“Executive”) on the other hand
(such agreement being the “Employment Agreement”), is made by the parties as follows.

 

WHEREAS, the
Company and Executive are currently parties to the Employment Agreement effective August 31, 2020; and

 

WHEREAS, the
parties now desire to amend the Employment Agreement.

 

NOW, THEREFORE,
the Company and Executive hereby agree to amend the Employment Agreement as follows:

 

1. Annual
Bonus. Section 2.2 of the Employment Agreement is amended in its entirety and replaced to read as follows:

 

2.2. Annual Bonus.
For each calendar year during the Employment Period, Executive shall be eligible to receive an annual bonus (the “Annual
Bonus”). The target for the Annual Bonus opportunity shall be 40% of the Executive’s Annual Base Salary for each such
calendar year and be based on the Company’s achievement of commercially-reasonable Key Performance Indicators (“KPI’s”)
determined by the Company in writing. The Annual Bonus for calendar year 2020 shall be pro-rated. The Annual Bonus shall be paid
in cash, an equity award under the Company’s long-term incentive plan, or a combination thereof, determined in the sole discretion
of the Company. The Annual Bonus, whether payable and cash and/or equity, may be subject to a vesting schedule and other terms
and conditions, including a payment schedule, as determined by the Company in its sole discretion. In order to have earned the
Annual Bonus for a particular calendar year, the Executive must remain employed through the end of that calendar year and must
not (a) have been, as of the date of payment or settlement, terminated by the Company for Cause (as defined below) or (b)
as of the date of payment or settlement, have ended Executive’s employment with the Company without Good Reason (as defined
below), to be entitled to receive an Annual Bonus.

 

2. Force
and Effect. Except as otherwise set forth in this Amendment, the Employment Agreement shall remain in full force and effect.

 

3. Effective
Date. This Amendment shall become effective on December 22, 2020.

 

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IN WITNESS WHEREOF,
the Company and Executive have executed this Amendment effective as of the day set forth above.

 

	 	HOF VIllage newco, llc
	 	 	 
	 	By	/s/ Michael Crawford
	 	Name:	Michael Crawford
	 	Title:	Chief Executive Officer
	 	Date:
	 	 	 
	 	Hall of Fame Resort & Entertainment Company
	 	 	 
	 	By:	/s/ Michael Crawford
	 	Name:	Michael Crawford
	 	Title:	President and Chief Executive Officer
	 	Date:
	 	 	 
	 	TARA CHARNES 
	 	 	 
	 	/s/ Tara Charnes
	 	Tara Charnes, Individually
	 	 	 
	 	Date:

 

 

 

Employment Agreement Amendment No. 1

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