Document:

Exhibit 10.1

 

AGREEMENT FOR PURCHASE AND SALE

OF REAL PROPERTY

 

this
agreement FOR PURCHASE AND SALE OF REAL PROPERTY (this “Agreement”) is made as of November
7, 2022 (the “Effective Date”), by and among HFAKOH001 LLC, a Delaware limited liability company (“Buyer”),
and HOF Village Waterpark, LLC, a Delaware
limited liability company (“Seller”).

 

RECITALS

 

A. Seller
is the owner of the Property (as hereinafter defined); and

 

B. Upon
and subject to the terms and conditions set forth in this Agreement, Seller desires to sell to Buyer and Buyer desires to purchase from
Seller the Property.

 

NOW
THEREFORE, for and in consideration of the mutual promises set forth herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

AGREEMENT

 

Section 1.
Terms and Definitions. The terms listed below shall have the respective meaning given them as set forth adjacent to
each term:

 

(a)
“Anti-Money Laundering and Anti-Terrorism Laws” has the meaning ascribed to such term in Section 8(l)
hereof.

 

(b)
“Assignment of Intangible Property” has the meaning ascribed to such term in Section 7(b) hereof.

 

(c)
“Business Day” or “business day” means any day other than Saturday, Sunday,
or any federal legal holiday.

 

(d)
“Buyer’s Notice Address” shall be as follows, except as same may be changed pursuant to Section
12 hereof:

 

HFAKOH001 LLC

c/o Oak Street Real Estate Capital, LLC

30 N. LaSalle St., Suite 4140

Chicago, IL 60602

Attn: Asset Management

Email: oakstreetAM@blueowl.com

 

With a copy to:

 

Kirkland & Ellis LLP

300 North LaSalle

Chicago, Illinois 60654

Attn: David A. Rosenberg, P.C. and David
P. Stanek

Email: david.rosenberg@kirkland.com and david.stanek@kirkland.com

 

     

     

    

 

(e)
“Closing” shall mean the consummation of the transactions contemplated by this Agreement.

 

(f) “Closing
Date” has the meaning ascribed to such term in Section 7 hereof.

 

(g)
“Claim Cap” has the meaning ascribed to such term in Section 6 hereof.

 

(h)
“Code” has the meaning ascribed to such term in Section 8(k) hereof.

 

(i) “Deed”
has the meaning ascribed to such term in Section 7(b) hereof.

 

(j) “Due
Diligence Materials” shall mean, collectively, the Title Report, the Survey, the Zoning Report, and any other information
provided to Buyer by Seller in connection with the Property.

 

(k)
“Environmental Laws” has the meaning ascribed to such term in Section 8(i) hereof.

 

(l) “ERISA”
has the meaning ascribed to such term in Section 8(k) hereof.

 

(m)
“Estoppel” has the meaning ascribed to such term in Section 7(b) hereof.

 

(n)
“Executive Order” has the meaning ascribed to such term in Section 8(l) hereof.

 

(o)
“FIRPTA” has the meaning ascribed to such term in Section 8(g) hereof.

 

(p)
“Ground Lease” shall mean the lease for the Property, to be entered into as of Closing, with Buyer (or
its affiliate), as landlord and Tenant, as tenant, in the form attached hereto as Exhibit C.

 

(q) “Hazardous
Substances” shall mean any hazardous or toxic materials, substances or wastes, such as (a) substances defined as “hazardous
substances”, “hazardous materials” or “toxic substances” in the Comprehensive Environmental Response, Compensation
and Liability Act of 1980, (42 USC Section 9601, et seq.) and/or the Hazardous Materials Transportation Act (49 USC Section 1801, et
seq.), as either of such acts are amended from time to time; (b) any materials, substances or wastes which are toxic, ignitable, corrosive
or reactive and which are regulated by any local governmental authority, any agency of the state in which the Property is located, or
any agency of the United States of America; (c) asbestos, petroleum and petroleum based products, urea formaldehyde foam insulation,
polychlorinated biphenyls (PCBs), and freon and other chlorofluorocarbons; and (d) those substances defined as any of the foregoing in
the regulations adopted and publications promulgated pursuant to each of the aforesaid laws.

 

    2

     

    

 

(r)
“Intangible Property” shall mean all intangible property and assets relating to the Property (including,
without limitation, all licenses, permits, entitlements, bonds, development rights, approvals, authorizations, certificates of occupancy,
utility agreements, plans, specifications, site plans, surveys, schematics, indemnities, warranties, and guaranties).

 

(s)
“Lease” and “Leases” shall mean, individually or collectively as the context may
require, any leases, subleases, licenses or other occupancy agreements affecting the Property or any portion thereof.

 

(t)  “Licenses
& Approvals” means all licenses, approvals, certificates, variances, ordinances, and permits issued in any
connection with the Property together with all other intangible rights and benefits in connection with or accruing from the
Property.

 

(u)
“Memorandum of Lease” has the meaning ascribed to such term in Section 7(b) hereof.

 

(v)
“Must Cure Items” has the meaning ascribed to such term in Section 5 hereof.

 

(w) “Permitted
Exceptions” has the meaning ascribed to such term in Section 5 hereof.

 

(x)
“Personal Property” shall mean all fixtures, equipment, and other personal property owned by Seller,
if any, located in or on, and exclusively relating to the maintenance or operation of the Property.

 

(y)
“Plan” has the meaning ascribed to such term in Section 8(k) hereof.

 

(z)
“Pledge” shall mean that certain Pledge and Security Agreement made by Pledgor in favor of Buyer, in
the form attached hereto as Exhibit F.

 

(aa) “Pledgor”
means HOF Village Newco, LLC, a Delaware limited liability company.

 

(bb)
“Pledged Collateral” shall mean the “Collateral” as described in the Pledge, including,
without limitation, the LLC Certificate and Ownership Transfer Power.

 

(cc)  “Pledged
Entity” shall mean HOF Village Stadium, LLC, a Delaware limited liability company, which is wholly-owned by
Pledgor

 

    3

     

    

 

(dd)
 “Post Closing Agreement” shall mean that certain Post-Closing Matters Agreement by and among Seller,
Buyer, and Pledgor, in the form attached hereto as Exhibit G.

 

(ee)
“Property” shall mean the Real Property, the Intangible Property, and the Personal Property.

 

(ff)  “Purchase
Option Agreement” shall mean that certain Purchase Option Agreement by and among Seller and Buyer, in the form
attached hereto as Exhibit H.

 

(gg)
“Purchase Price” shall mean $50,000,000.00, which the parties hereto agree is allocated among the Real
Property and the Pledged Collateral as described in Section 3(b) below.

 

(hh)
“Real Property” shall mean that certain real property commonly known as 2301 George Halas Drive NW, Canton,
Ohio 44178, more particularly described on Exhibit A attached hereto and incorporated herein by this reference, together with (i)
all structures and improvements owned by Seller and located on such land, (ii) any and all right, title and interest of Seller in and
to all privileges, rights, options, easements, hereditaments, entitlements and appurtenances thereto belonging, and (iii) any and all
right, title and interest of Seller in and to any streets, alleys, passages and other rights-of-way included therein or adjacent thereto
(before or after any vacation thereof).

 

(ii) “REAs”
has the meaning ascribed to such term in Section 8(r) hereof.

 

(jj) “Seller’s
Notice Address” shall be as follows, except as same may be changed pursuant to the Section 12 hereof:

 

HOF Village Waterpark, LLC

2014 Champions Gateway

Canton, OH 44708

Attn: General Counsel

Email: Tara.charnes@hofvillage.com

With a copy to:

 

Walter Haverfield LLP

1301 East Ninth Street

Suite 3500

Cleveland, Ohio 44114-1821

Attn: Nick Catanzarite

Email: ncatanzarite@walterhav.com

 

(kk)
“Settlement Statement” has the meaning ascribed to such term in Section 7(b) hereof.

 

(ll)
“Survey” shall mean a survey of the Property, prepared by a licensed professional surveyor in accordance
with the minimum standard detail requirements for ALTA/ACSM Land Title Surveys as adopted by the American Land Title Association, the American Congress on Surveying and Mapping and the
National Society of Professional Surveyors, including customary Table A items, dated within thirty (30) days of the Closing Date.

 

    4

     

    

 

(mm) “Survival
Period” has the meaning ascribed to such term in Section 6 hereof.

 

(nn)
“Tenant” shall mean HOF Village Waterpark, LLC, a Delaware limited liability company.

 

(oo)
“Title Insurer” and “Escrow Agent” shall mean Chicago Title Insurance Company,
1111 Superior Avenue, Suite 600, Cleveland, OH 44114.

 

(pp)
“Title Policy” has the meaning ascribed to such term in Section 10(c) hereof.

 

(qq)
“Title Report” shall mean a commitment for owner’s policy of title insurance, dated within thirty
(30) days of the Closing Date, with respect to the Property.

 

(rr)
“Zoning Report” shall mean a zoning report of the Property, dated within thirty (30) days of the Closing
Date, prepared by a nationally-recognized zoning company, including a copy of the applicable certificate of occupancy and letter
from the applicable municipality confirming no uncured building code, fire code or other code violations exist

 

 Section 2. Proration of Expenses and Payment of Costs and Recording Fees.

 

(a)
Proration of Taxes. All real estate taxes and assessments that are due and payable on or prior to the Closing Date
shall be paid by Seller on or prior to the Closing Date. Tenant shall be responsible for the payment of real estate taxes and assessments
that are due and payable after the Closing Date in accordance with the Ground Lease.

 

(b)
Proration of Expenses. Seller and Buyer agree that in connection with entering into the Ground Lease at Closing,
there shall be no proration of utility charges or other expenses, whether accruing or payable prior to or after the Closing Date, and
that all such utility charges, rent and other expenses concerning the Property shall be borne by Tenant, as tenant under the Ground Lease.

 

(c)
Payment of Costs and Recording Fees. At Closing, Seller shall pay: (i) one half of any escrow fees, (ii) recording
costs in connection with the removal of any encumbrances in accordance with this Agreement (including, without limitation, all Must Cure
Items), (iii) the cost of the Title Report, Survey and Zoning Report, (iv) all Title Policy premiums, (v) all state, county, local, and
municipal transfer taxes payable in connection with the conveyance of the Property hereunder, and (vi) all fees and other amounts charged
by any state, county, local, or municipal agency in connection with any requirements related to the recording of the Deed (as hereinafter
defined) or the consummation of the transfer of the Property hereunder (including, without limitation, the costs of those certain items described
in Section 7(b)(v) below). At Closing, Buyer shall pay: (i) the cost of any loan title insurance policy, (ii) one half
of any escrow fees, (iii) the cost third party due diligence reports ordered by Buyer, and (iv) any endorsements to the Title Policy,
except required in connection with the removal of encumbrances by Seller (including, without limitation, with respect to Must Cure Items).
Seller and Buyer shall be responsible for their own attorneys’ fees. All other closing costs and prorations not specifically referred
to herein shall be prorated between the parties in a manner customary for sales of real property similar to the Property in the jurisdiction
in which the Property is located.

 

    5

     

    

 

(d)
Reproration. If any of the foregoing items described in this Section 2 cannot be apportioned at the Closing
Date because of the unavailability of the amounts which are to be apportioned, such items shall be apportioned as soon as practicable
after the Closing Date and the parties shall reasonably cooperate with one another in connection with such apportionment. If, after the
Closing, the parties discover any errors in adjustments and apportionments, the same shall be corrected as soon as practicable after discovery
of the same. This Section 2 shall survive the Closing and delivery of the Deed.

 

Section 3.
Payment of Purchase Price.

 

(a)
Buyer shall pay the Purchase Price to Seller on the Closing Date in accordance with all the terms and conditions of this Agreement.

 

(b)
Notwithstanding anything to the contrary herein, Buyer and Seller hereby agree that the Purchase Price is allocated as follows:
(1) the sum of One Million and No/100 Dollars ($1,000,000.00) is being paid for and is hereby allocated to the Real Property, and (2)
the sum of Forty Nine Million and No/100 Dollars ($49,000,000.00) is being paid for and is hereby allocated to a portion of the sums due
under the Lease secured by the Pledge in the Pledged Collateral. Buyer and Seller intend that, for U.S. federal income tax purposes (and
applicable state and local tax purposes), the transfer of the Purchase Price be treated as an issuance of a loan secured by a mortgage
in the Real Property and Pledged Collateral.

 

Section 4.
Sale of Property. Seller agrees to sell and convey the Property to Buyer (or its permitted assignee), and Buyer has
agreed to accept the Property, each at the Closing and upon the terms and conditions set forth in this Agreement. At Closing, Tenant shall
enter into the Ground Lease, and Buyer acknowledges and agrees that the execution and delivery of the Ground Lease, and the tenancy created
thereby, is a condition to effectiveness of the sale of the Property to Buyer, without which Buyer would be unwilling to consummate the
transactions contemplated hereby.

 

Section 5. Title.
At Closing, Seller agrees to execute and deliver to Buyer (or its permitted assignee) a Deed in the form attached as Exhibit
B for the Property, which shall provide good and marketable, insurable title to Buyer, free and clear of all liens and
encumbrances, except for: (i) the Ground Lease; (ii) real estate taxes for the current year and subsequent years that are not yet
due or payable; (iii) assessments for municipal improvements, if any, for the current year and subsequent years that are not yet due
or payable; (iv) zoning ordinances and building codes, to the extent the Property is in compliance therewith; and (v) any and all
other exceptions set forth on Schedule 1 hereto (collectively, the “Permitted Exceptions”). In
no event shall the “Permitted Exceptions” include any (collectively, the “Must Cure Items”):
(a) monetary liens or encumbrances against the Property that are dischargeable by payment of a liquidated sum, including,
without limitation, all mortgages, financing instruments, mechanics liens and judgments affecting the Property; (b) encumbrances
against title which are created by or through Seller; (c) matters which Seller elects to cure; and (d) delinquent real property
taxes and/or special assessments with respect to the Property.

 

    6

     

    

 

Section 6.
Breach of Representation. All representations and warranties of Seller in this Agreement shall be deemed to have been
made as of the Closing Date and shall survive the Closing for a period of twelve (12) months after the Closing (the “Survival
Period”). Any right of action for the breach of any representation, warranty, or covenant contained herein shall not merge
with the deed delivered at the Closing but shall survive the Closing for the Survival Period. Following the Closing, Seller shall be liable
for any breach of its representations, warranties, or covenants expressly set forth in this Agreement; provided that: (i) following
Closing, the total liability of Seller for all such breaches of its representations and warranties under this Agreement shall not, in
the aggregate, exceed five percent (5%) of the Purchase Price (the “Claim Cap”); and (ii) following
Closing, the total liability of Buyer for all such breaches shall not, in the aggregate, exceed the Claim Cap. Buyer further agrees that,
following the Closing, no claim may or shall be made for any alleged breach of any representations or warranties made by Seller under
or relating to this Agreement unless the amount of such claim or claims, individually or in the aggregate, exceeds TWENTY-FIVE THOUSAND
AND NO/100 DOLLARS ($25,000.00) (in which event the full amount of such valid claims against Seller shall be actionable up to, but not
in excess of, the Claim Cap).

 

Section 7.
Closing.

 

(a)
Subject to the terms and conditions of this Agreement, the closing of the sale of the Property and the Pledged Collateral shall
take place on the date hereof (the “Closing Date”). The Closing shall consist of the execution and delivery
of documents by Seller, Buyer, and the Tenant, as set forth below, and delivery by Buyer to Seller of the Purchase Price in accordance
with the terms of this Agreement. The Closing shall be held through a customary, New York style escrow arrangement between the parties
and the Escrow Agent, or such other place or manner as the parties hereto may mutually agree.

 

(b)
Seller shall deliver to Buyer at Closing the following executed documents:

 

(i) one (1)
original deed in the form attached hereto as Exhibit B, from the Seller Entity to Buyer conveying the Real Property to
Buyer, subject only to the Permitted Exceptions (the “Deed”);

 

(ii) the Ground
Lease, executed by Tenant, together with an executed Limited Recourse Carveout Guaranty executed by Pledgor in form and substance as
attached to the Ground Lease;

 

    7

     

    

 

(iii) one (1) original
of the memorandum of Ground Lease in the form contemplated therein (the “Memorandum of Lease”);

 

(iv) one (1)
Assignment of Intangible Property with respect to the Property from the Seller in the form of Exhibit D attached hereto (the
“Assignment of Intangible Property”);

 

(v)
one (1) original Pledge, together with signatures to all exhibits attached to such Pledge;

 

(vi)  one
(1) original of a Second Amended and Restated Operating Agreement of Pledged Entity, in form and substance satisfactory to
Buyer;

 

(vii) one (1)
original of a Certificate of Limited Liability Company Interests in Pledged Entity (the “LLC
Certificate”), in form and substance satisfactory to Buyer;

 

(viii)
one (1) original of an Ownership Transfer Power relating to Pledged Entity (the “Ownership Transfer Power”),
in form and substance satisfactory to Buyer;

 

(ix) one (1) original
of the Purchase Option Agreement;

 

(x)
one (1) original of the Post Closing Agreement, executed by Seller and Pledgor;

 

(xi)  a
settlement statement setting forth the Purchase Price, all prorations and other adjustments to be made pursuant to the terms hereof,
and the funds required for Closing as contemplated hereunder (the “Settlement Statement”);

 

(xii)  all
transfer tax statements, declarations, residency certifications, filings, and notices as may be necessary or appropriate for
purposes of recordation of the Deed (including, without limitation, any water reading, water bill, certificate (including, without
limitation, water certificates, certificates of sewer compliance, and certificates of building compliance), inspection report,
evidence of required repairs, clearance letter, release, evidence of payment of all sums owed to any government, agency, or
municipality, and any other similar certificate, payment or deliverable customarily submitted or obtained in the jurisdiction in
which any portion of the Property is located in connection with sales of property similar to the Property).  In the event any
state, county, local or municipal agency requires any holdback in connection therewith, the required amount shall be set aside from
the Purchase Price and held in escrow with Escrow Agent in accordance with such Escrow Agent’s customary instructions and
procedures in such jurisdiction;

 

(xiii)
good standing certificates and corporate resolutions or member or partner consents, as applicable, and such other organization
or authority documents as reasonably requested by the Title Insurer;

 

    8

     

    

 

(xiv) a FIRPTA Affidavit
from Seller in the form of Exhibit E attached hereto, and approved by the Title Insurer;

 

(xv)
an owner’s affidavit and gap undertaking in the form reasonably and customarily required by the Title Insurer to issue the
Title Policy to Buyer;

 

(xvi) estoppel
certificates in the form provided by Buyer from any parties party to the REAs (collectively, the
“Estoppels”), which Estoppels shall not show any default by Seller or Tenant or any information that would
be reasonably expected to have a material adverse effect on the ownership, use, occupancy or maintenance of the Property; and

 

(xvii) such additional
documents, tax certificates, withholding forms, instructions or other items as may be necessary or appropriate to comply with the provisions
of this Agreement and to effect the transactions contemplated hereby.

 

(c)
Buyer shall deliver to Seller at Closing the following:

 

(i)  the
Purchase Price, as adjusted by the prorations and credits described herein;

 

(ii) the Settlement
Statement executed by Buyer;

 

(iii)
the Ground Lease executed by Buyer;

 

(iv) the Pledge executed
by Buyer;

 

(v)
the Purchase Option Agreement executed by Buyer;

 

(vi) the Post Closing
Agreement, executed by Buyer;

 

(vii) one (1) Assignment
of Intangible Property for the Property;

 

(viii)
one (1) original of the Memorandum of Lease;

 

(ix) all
transfer tax statements, declarations, residency certifications, and filings as may be necessary or appropriate for purposes of
recordation of the applicable deed;

 

(x)
good standing certificates and corporate resolutions or member or partner consents, as applicable, and such other organization
or authority documents as reasonably requested by the Title Insurer; and

 

(xi) such additional
documents, instructions or other items as may be necessary or appropriate to comply with the provisions of this Agreement and to effect
the transactions contemplated hereby.

 

Section 8.
Seller’s Representations. Seller represents and warrants to Buyer, effective as of the Closing Date, as follows:

 

(a)
 Seller is duly organized (or formed), validly existing and in good standing under the laws of the United States. Seller is authorized
to consummate the transaction set forth herein and fulfill all of its respective obligations hereunder and under all closing documents
to be executed by Seller, and has all necessary power to execute and deliver this Agreement, and all closing documents to be executed
by Seller, and to perform all of Seller’s obligations hereunder, and under such closing documents. Neither the execution and delivery
of this Agreement and all closing documents to be executed by Seller, nor the performance of the obligations of Seller hereunder or thereunder
will result in the violation of any law or any provision of the organizational documents of or will conflict with any order or decree
of any court or governmental instrumentality of any nature by which Seller is bound.

 

    9

     

    

 

(b)
Seller has obtained all necessary consents and permissions required to consummate the transactions contemplated herein. The execution
and delivery of this Agreement, the consummation of the transactions herein contemplated, and compliance with the terms of this Agreement
will not conflict with, result in a breach of, constitute (with or without due notice or lapse of time or both) a default under, violate,
or create in any person, entity, agency, district, or other authority (including, without limitation, governmental authorities) any right
to modify, terminate, accelerate or cancel any contract, agreement, instrument, document, or agreement, oral or written, to which Seller
is a party or by which Seller or the Property or the Pledged Collateral is bound.

 

(c)
Seller has not received any written notice of, nor does Seller have knowledge of, any current or pending tax appeals affecting
Seller or the Property, and Seller does not have any knowledge of any pending tax appeals against Seller or the Property; Seller has not
initiated, nor does Seller know of, any action for a change or modification in the current subdivision, site plan, zoning or other land
use permits for the Property and Seller has no knowledge that the Property may be rezoned.

 

(d)
There are no actions, suits or other proceedings or litigation of any kind pending or, to the best of Seller’s knowledge,
threatened against Seller or the Property or the Pledged Collateral which, if determined adversely to Seller, would have a material adverse
effect on the validity or enforceability of this Agreement or the ability of Seller to perform its obligations hereunder; and, Seller
has not received any written notice of any current or pending environmental investigations against the Property and Seller does not have
any actual knowledge of any pending environmental investigations against the Property.

 

(e)
Seller has not entered into any contracts, subcontracts or agreements, including but not limited to any service contracts or brokerage
agreements, affecting the Property which will be binding upon the Property or Buyer after the Closing.

 

(f) Seller has
not received any written notice from (or delivered any notice to) any governmental authority regarding any violation of any law
applicable to the Property or the Pledged Collateral and Seller does not have knowledge of any such violations.

 

(g)
There are no Leases affecting the Property.

 

    10

     

    

 

(h)
 Seller is not a “foreign person” under the Foreign Investment in Real Property Tax Act of 1980 (“FIRPTA”)
and upon consummation of the transaction contemplated hereby, Buyer will not be required to withhold from the Purchase Price any withholding
tax.

 

(i) Seller has
no knowledge of any pending or threatened condemnation proceedings affecting the Property and Seller has not received any written notice
that there is any pending or threatened condemnation of all or any part of the Property.

 

(j) (1) To Seller’s
knowledge no Hazardous Substances have been generated, stored, released, or disposed of on or about the Property in violation of any
law, rule or regulation applicable to the Property which regulates or controls matters relating to the environment or public health or
safety (collectively, the “Environmental Laws”); and (2) Seller has not received any written notice from
(nor delivered any notice to) any federal, state, county, municipal or other governmental department, agency or authority concerning
any petroleum product or other Hazardous Substance discharge or seepage.

 

(k)
There are no rights of first refusal, rights of first offer, purchase options or similar purchase rights with respect to the Property
or the Pledged Collateral.

 

(l) Seller is
not acting on behalf of, (a) an “employee benefit plan” (as defined in Section 3(3) of the Employment Retirement
Income Security Act of 1974 (“ERISA”)) that is subject to Title I of ERISA, (b) a “plan” as
defined in Section 4975(e) of the Internal Revenue Code of 1986 (the “Code”) that is subject to
Section 4975 of the Code (each of the foregoing a “Plan”), (c) an entity or account the assets of
which constitute “plan assets” of one or more such Plans within the meaning of Department of Labor Regulation 29 CFR
Section 2510.3-101, as modified by Section 3(42) of ERISA, or (d) a “governmental plan” within the meaning of
Section 3(32) of ERISA.

 

(m) Neither
Seller nor, to Seller’s actual knowledge, its affiliates, is in violation of any laws relating to terrorism, money laundering
or the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Action of 2001,
Public Law 107-56 and Executive Order No. 13224 (Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to
Commit, or Support Terrorism) (the “Executive Order”) (collectively, the “Anti-Money
Laundering and Anti-Terrorism Laws”). Neither Seller nor, to Seller’s actual knowledge, its affiliates, is
acting, directly or indirectly, on behalf of terrorists, terrorist organizations or narcotics traffickers, including those persons
or entities that appear on the Annex to the Executive Order, or are included on any relevant lists maintained by the Office of
Foreign Assets Control of U.S. Department of Treasury, U.S. Department of State, or other U.S. government agencies, all as may
be amended from time to time. Neither Seller nor, to Seller’s actual knowledge, its affiliates or, without inquiry, any of its
brokers or other agents, in any capacity in connection with the sale of the Property or the Pledged Collateral (A) conducts any
business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any person included
in the lists referenced above, (B) deals in, or otherwise engages in any transaction relating to, any property or interests in
property blocked pursuant to the Executive Order, or (C) engages in or conspires to engage in any transaction that evades or avoids, or
has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Money Laundering and Anti-Terrorism
Laws. Neither Seller, nor any person controlling or controlled by Seller, is a country, territory, individual or entity named on a Government
List, and the monies used in connection with this Agreement and amounts committed with respect thereto, were not and are not derived from
any activities that contravene any applicable anti-money laundering or anti-bribery laws and regulations (including funds being derived
from any person, entity, country or territory on a Government List or engaged in any unlawful activity defined under Title 18 of the United
States Code, Section 1956(c)(7)).

 

    11

     

    

 

(n)
Except for items being paid by Seller at Closing or prorated at Closing, there are no outstanding accounts payable or unpaid debts
relating to the Property or the Pledged Collateral that would be binding on Buyer or the Property or the Pledged Collateral, including,
without limitation, any unpaid charges, debts, liabilities, claims or obligations arising from the construction, occupancy, ownership,
use or operation of the Property, which could give rise to any mechanic’s or materialmen’s or other statutory liens against
any portion of the Property.

 

(o)
Seller does not have any employees, and following the Closing, Buyer shall have no obligation to employ or continue to employ any
individual employed by Seller or at the Property. There are no employment, collective bargaining or similar agreements or arrangements
with Seller or with respect to the Property, which will be binding on Buyer after the Closing.

 

(p)
The Due Diligence Materials consist of copies of the same documents that are used and relied upon by Seller in its ownership and
operation of the Property.

 

(q)
Seller currently possesses all requisite Licenses & Approvals necessary to own, maintain, operate and use the Property and
the Pledged Collateral, and has made available to Buyer true, correct and complete copies of the Licenses & Approvals. Seller has
not received any written notice from any governmental authority or other person or entity of (i) any violation, default, intended or threatened
non-renewal, suspension or revocation of any License or Approval, or (ii) any failure by Seller to obtain any of the Licenses & Approvals
required for the use, occupancy or operation of the Property that has not been cured, and there is no violation, default or any basis
for any non-renewal, suspension or revocation of any of the Licenses & Approvals.

 

(r) All
amounts due and payable by Seller under any declarations, development agreements, reciprocal and/or operating easement agreements,
or the like, impacting the Property (the “REAs”), if any, have been paid in full, all obligations of
Seller to be performed under the REAs prior to the Closing Date have been satisfied, and no default exists under any of the REAs by
Seller or any other party thereto.

 

(s) Terms such as “to Seller’s knowledge,” “to the best of Seller’s knowledge” or like
phrases mean the knowledge of [_________], the individual in Seller’s organization charged with responsibility for the
Property, and the matters otherwise addressed in the representations and warranties contained herein; provided that so
qualifying Seller’s knowledge shall in no event give rise
to any personal liability on the part of Seller’s property manager, any officer, director or employee of Seller or [_________],
on account of any breach of any representation or warranty made by Seller herein.

 

    12

     

    

 

(t) Seller has
not (i) made a general assignment for the benefit of creditors, (ii) filed any voluntary petition in bankruptcy or suffered the
filing of any involuntary petition by its creditors, (iii) suffered the appointment of a receiver to take possession of all, or
substantially all, of its assets, (iv) suffered the attachment or other judicial seizure of all, or substantially all, of its
assets, (v) admitted in writing its inability to pay its debts as they come due, or (vi) made an offer of settlement, extension or
composition to its creditors generally.

 

Section 9.
Buyer’s Representations. Buyer represents and warrants to Seller effective as of the Closing Date, as follows:

 

(a)
Buyer is duly formed, validly existing and in good standing under the laws of Delaware, is authorized to consummate the transaction
set forth herein and fulfill all of its obligations hereunder and under all closing documents to be executed by Buyer, and has all necessary
power to execute and deliver this Agreement and all closing documents to be executed by Buyer, and to perform all of Buyer’s obligations
hereunder and thereunder. This Agreement and all closing documents to be executed by Buyer have been duly authorized by all requisite
corporate or other required action on the part of Buyer and are the valid and legally binding obligation of Buyer, enforceable in accordance
with their respective terms. Neither the execution and delivery of this Agreement and all closing documents to be executed by Buyer, nor
the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any law or any provision of the organizational
documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer
is bound;

 

(b)
No petition has been filed by or against Buyer under the Federal Bankruptcy Code or any similar State or Federal Law;

 

(c)
Neither Buyer nor, to Buyer’s actual knowledge, its affiliates, is in violation of any Anti-Money Laundering and Anti-Terrorism
Laws. Neither Buyer nor, to Buyer’s actual knowledge, its affiliates, is acting, directly or indirectly, on behalf of terrorists,
terrorist organizations or narcotics traffickers, including those persons or entities that appear on the Annex to the Executive Order,
or are included on any relevant lists maintained by the Office of Foreign Assets Control of U.S. Department of Treasury, U.S. Department
of State, or other U.S. government agencies, all as may be amended from time to time. Neither Buyer nor, to Buyer’s actual knowledge,
its affiliates or, without inquiry, any of its brokers or other agents, in any capacity in connection with the sale of the Property (A)
conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any person
included in the lists referenced above, (B) deals in, or otherwise engages in any transaction relating to, the property or interests in
the property blocked pursuant to the Executive Order, or (C) engages in or conspires to engage in any transaction that evades or avoids,
or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Money Laundering and Anti-Terrorism Laws.
Neither Buyer, nor any person controlling or controlled by Buyer, is a country, territory, individual or entity named on a Government
List, and the monies used in connection with this Agreement and amounts committed with respect thereto, were not and are not derived from
any activities that contravene any applicable anti-money laundering or anti-bribery laws and regulations (including funds being derived
from any person, entity, country or territory on a Government List or engaged in any unlawful activity defined under Title 18 of the United
States Code, Section 1956(c)(7)); and

 

    13

     

    

 

(d)
Buyer is not, and is not acting on behalf of, (a) a Plan, (b) an entity or account the assets of which constitute “plan assets”
of one or more such Plans within the meaning of Department of Labor Regulation 29 CFR Section 2510.3-101, as modified by Section 3(42)
of ERISA or (c) a “governmental plan” within the meaning of Section 3(32) of ERISA.

 

(e)
For purposes of this Agreement, terms such as “to Buyer’s knowledge”, “to the best of Buyer’s knowledge”,
or like phrases mean the actual knowledge of Michael Reiter, with no duty of inquiry, an individual in Buyer’s organization expected
to have knowledge of the matters set forth in this Agreement; provided, however, that so qualifying Buyer’s knowledge shall
in no event give rise to any personal liability on the part of such individual (or any other officer, director or employee of Buyer or
its affiliates) on account of any breach of any representation, warranty or covenant by Buyer herein.

 

Section 10.
Conditions to Buyer’s Obligations. Buyer’s obligation to pay the Purchase Price, accept title to the Property
and the Pledged Collateral and proceed to Closing on the terms and conditions of this Agreement shall be subject to satisfaction of the
following conditions precedent on and as of the Closing Date, any one or more of which may be waived in whole or in part by Buyer in writing:

 

(a)
Seller shall deliver, or cause to be delivered, to Buyer on or before the Closing Date the documents set forth in Section 7(a)
above;

 

(b)
Each of the representations and warranties of Seller contained in this Agreement shall be true in all material respects at and
as of the Closing Date, and Seller shall have performed and complied in all material respects with all covenants, agreements and conditions
required by this Agreement; and

 

(c)
Buyer shall receive from the Title Insurer a current ALTA owner’s title insurance policy, or irrevocable and unconditional
binder to issue the same, with extended coverage for the Real Property in the amount of the Purchase Price, dated, or updated to, the
date of the Closing, to be updated to the date and time of recording of the Deed, insuring, or committing to insure, at its ordinary premium
rates, Buyer’s good and marketable title in fee simple to the Real Property and otherwise in such form approved by Buyer and subject
only to the Permitted Exceptions (the “Title Policy”).

 

 

    14

     

    

 

Section 11. Conditions to
Seller’s Obligations. Seller’s obligation to deliver title to the Property and the Pledged Collateral and
proceed to Closing on the terms and conditions of this Agreement shall be subject to satisfaction of the following conditions
precedent on and as of the Closing Date, any one or more of which may be waived in whole or in part by Seller in writing:

 

(a)
Buyer shall deliver to Seller upon the Closing the Purchase Price as adjusted pursuant to Section 2 hereof; and

 

(b)
The representations and warranties of Buyer contained in this Agreement shall have been true when made and shall be true in all
material respects at and as of the Closing Date as if such representations and warranties were made at and as of the Closing, and Buyer
shall have performed and complied in all material respects with all covenants, agreements and conditions required by this Agreement to
be performed or complied with by Buyer prior to or at the Closing.

 

Section
12.
Notices. All notices and other communications which may be or are required to be given or made by any
party to the other in connection herewith shall be in writing and shall be deemed to have been properly given on the date: (i) delivered
in person; (ii) deposited in the United States mail, registered or certified, return receipt requested; (iii) delivery via electronic
mail to the addresses set out in Section 1; or (iv) deposited with a nationally recognized overnight courier, to the addresses
set out in Section 1. Such notices shall be deemed effective upon receipt. Any address or name specified in Section 1 may
be changed by notice given to the addressee by the other party in accordance with this Section 12. Anything to the contrary notwithstanding,
if notice cannot be delivered because of a changed address of which no notice was given as provided, above, or because of rejection or
refusal to accept any notice, then receipt of such notice shall be deemed to be as of the date of inability to deliver or rejection or
refusal to accept. Any notice to be given by any party may be given by the counsel for such party.

 

Section 13.
Entire Agreement. This Agreement constitutes the sole and entire agreement among the parties hereto with regard to the
subject matter hereof, and no modification of this Agreement shall be binding unless in writing and signed by Buyer and Seller. No prior
agreement or understanding pertaining to the subject matter hereof (including, without limitation, any letter of intent executed prior
to this Agreement) shall be valid or of any force or effect from and after the date hereof.

 

Section 14. No
Representations or Warranties. Other than as expressly set forth in this Agreement or in any conveyance document(s)
delivered by Seller or its affiliates to Buyer at Closing (the “Closing Documents”), Seller is not making,
nor has it at any time made, any warranties or representations of any kind or character, expressed or implied, with respect to the
Property, including, but not limited to, any warranties or representations as to habitability, merchantability, fitness for a
particular purpose, title, zoning, tax consequences, latent or patent physical or environmental condition, utilities, operating
history or projections, valuation, governmental approvals, the compliance of the Property with governmental laws, the truth,
accuracy or completeness of the Property documents or any other information provided by or on behalf of Seller to Buyer, or any
other matter or thing regarding the Property. Buyer acknowledges and agrees that, upon Closing, Seller shall cause
the Property to be conveyed to Buyer and Buyer shall accept the Property “AS IS, WHERE IS, WITH ALL FAULTS, IF ANY, AND WITHOUT
ANY WARRANTY WHATSOEVER, EXPRESS OR IMPLIED” except to the extent otherwise expressly provided in this Agreement or in any Closing
Documents. Buyer represents to Seller that it has conducted or will conduct such investigations of the Property, including, but not limited
to, title, survey and the physical and environmental conditions of the Property (to the extent permitted hereunder) as Buyer deems necessary
to satisfy itself as to the condition of the Property and the existence or nonexistence or curative action to be taken with respect to
any conditions relating to the Property.

 

    15

     

    

 

Section 15.
Applicable Law. This Agreement shall be construed under the laws of the State of Illinois, without giving effect to
any conflict of laws or principles.

 

Section 16.
Brokers. Buyer and Seller each hereby represent that there are no brokers involved or that have a right to proceeds
in this transaction or under the Ground Lease, the commission for which shall be paid by Seller. Seller and Buyer each hereby agree to
indemnify and hold the other harmless from all loss, cost, damage or expense (including reasonable attorneys’ fees at both trial
and appellate levels) incurred by the other as a result of any claim arising out of the acts of the indemnifying party (or others on its
behalf) for a commission, finder’s fee or similar compensation made by any broker, finder or any party who claims to have dealt
with such party. The representations, warranties and indemnity obligations contained in this Section 16 shall survive the Closing
and delivery of the Deed or the earlier termination of this Agreement.

 

Section 17.
Attorneys’ Fees. In any action between Buyer and Seller as a result of failure to perform or a default under this
Agreement, the prevailing party shall be entitled to recover from the other party, and the other party shall pay to the prevailing party,
the prevailing party’s reasonable attorneys’ fees and disbursements and court costs incurred in such action.

 

Section 18.
No Recording. Buyer may not record this Agreement or any memorandum of short form hereof.

 

Section 19.
Computation of Time. If the last day of any time period stated herein shall fall on a Saturday, Sunday or legal holiday,
then the duration of such time period shall be extended so that it shall end on the next succeeding day which is not a Saturday, Sunday
or legal holiday. Unless preceded by the word “business,” the word “day” shall mean a calendar day. The phrase
“business day” or “business days” shall have the meaning set forth in Section 1. Time is of the essence
with respect to this Agreement and the transactions contemplated hereby.

 

Section 20.
Counterparts; Electronic Signatures. This Agreement may be executed in one or more counterparts, all of which shall
be considered one and the same agreement, and shall become a binding agreement when one or more counterparts have been signed by each
of the parties and delivered to the other party. Signatures to this Agreement, any amendment hereof and any notice given hereunder, delivered
electronically via .pdf, .jpeg, .TIF, .TIFF or similar electronic format shall be deemed an original signature and fully effective as
such for all purposes. Each party agrees to deliver promptly an executed original of this Agreement (and any amendment hereto) with its actual signature to the other
party, but a failure to do so shall not affect the enforceability of this Agreement (or any amendment hereto), it being expressly agreed
that each party to this Agreement shall be bound by its own electronically transmitted signature and shall accept the electronically transmitted
signature of the other party to this Agreement.

 

    16

     

    

 

Section 21.
Binding Effect. This Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their
respective successors and permitted assigns.

 

Section 22.
No Offer. This Agreement is of no force or effect unless it is signed by Seller and Buyer, and a signed copy of this
Agreement delivered by Seller to Buyer. The mailing, delivery or negotiation of this Agreement by Seller or Buyer or any agent or attorney
of Seller or Buyer prior to the execution and delivery of this Agreement as set forth in this clause shall not be deemed an offer by Seller
or Buyer to enter into this Agreement, whether on the terms contained in this Agreement or on any other terms.

 

Section 23.
Waiver of Trial by Jury. THE RESPECTIVE PARTIES HERETO SHALL AND HEREBY DO WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES HERETO AGAINST THE OTHER ON ANY MATTERS WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED
WITH THIS AGREEMENT, OR FOR THE ENFORCEMENT OF ANY REMEDY GRANTED IN THIS AGREEMENT. THIS WAIVER IS KNOWINGLY, WILLINGLY AND VOLUNTARILY
MADE BY SELLER AND BUYER, EACH OF WHOM HEREBY ACKNOWLEDGES THAT NO REPRESENTATIONS OF FACT OR OPINION HAVE BEEN MADE BY ANY INDIVIDUAL
TO INDUCE THIS WAIVER OF TRIAL BY JURY OR TO IN ANY WAY MODIFY OR NULLIFY ITS EFFECT. SELLER AND BUYER EACH FURTHER REPRESENT THAT IT
HAS BEEN REPRESENTED IN THE SIGNING OF THIS AGREEMENT IN THE MAKING OF THIS WAIVER BY INDEPENDENT LEGAL COUNSEL, SELECTED OF ITS OWN FREE
WILL, AND THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS WAIVER WITH COUNSEL.

 

Section 24.
Assignment. This Agreement may not be assigned by Buyer or Seller without the prior written consent of the other such
party. Notwithstanding the foregoing, Buyer may assign its rights under this Agreement, without the consent of Seller, to any entity which
controls, is controlled by, or is under common control with Buyer (control meaning the power, through ownership of voting rights or contract,
to manage the decision making of an entity). In addition, Buyer shall have the right to direct Seller, upon written notice to Seller prior
to Closing, to transfer the Property to one or more affiliates of Buyer in lieu of transferring the Property to Buyer at Closing. The
final documents to be delivered at Closing, including, without limitation, the Deed, shall be conformed to reflect the appropriate transferee
as communicated by Buyer in accordance herewith.

 

Section 25.
Further Assurances. From time to time, as and when requested by any party hereto, the other party shall execute and
deliver, or cause to be executed and delivered, all such documents and instruments and shall take, or cause to be taken, all further or
other actions as such other party may reasonably deem necessary or desirable to consummate the transactions contemplated by this Agreement.

 

 Section 26. Severability. If any term or
provision of this Agreement or the application thereof to any person or circumstances shall, to any extent, be invalid or
unenforceable, the remainder of this Agreement or the application of such term or provision to persons or circumstances other than
those as to which it is held invalid or unenforceable shall not be affected thereby, and each term and provision of this Agreement
shall be valid and enforceable to the fullest extent permitted by law.

 

[Remainder of Page Intentionally Left Blank;
Signatures Appear On The Following Pages]

 

    17

     

    

 

IN WITNESS WHEREOF, the parties
hereto have executed this Agreement for Purchase and Sale of Real Property as of the Effective Date.

 

	 	SELLER:
	 	 	 
	 	HOF VILLAGE WATERPARK, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	/s/
    Michael Crawford
	 	Name: 	Michael Crawford
	 	Title:	President and Chief Executive
    Officer

 

[Signature Page to Agreement for Purchase and
Sale of Real Property]

 

     

    

    

 

	 	BUYER:
	 	 	 
	 	HFAKOH001 LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	/s/ Michael Reiter
	 	Name: 	 Michael Reiter
	 	Title:	Authorized Officer

 

[Signature Page
to Agreement for Purchase and Sale of Real Property]

 

     

    

    

 

JOINDER
BY GUARANTOR

 

HOF Village Newco,
LLC, a Delaware limited liability company (“Guarantor”), has executed this Agreement to guaranty the performance
and discharge the obligations of Seller under this Agreement or any documents executed by any Seller and delivered to Buyer pursuant
to this Agreement which are specifically stated to survive Closing and delivery of the Deed in favor of and for the benefit of Buyer.

 

	 	GUARANTOR:
	 	 	 
	 	HOF VILLAGE NEWCO, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	/s/
    Michael Crawford
	 	Name: 	Michael Crawford
	 	Title:	President and Chief Executive
    Officer

 

[Signature Page
to Joinder by Guarantor]

 

     

    

    

 

JOINDER
BY ESCROW AGENT

 

Escrow Agent joins
in the execution of this Agreement to evidence its agreement to receive, hold and disburse funds and documents in accordance with the
terms and provisions of this Agreement. Title Insurer agrees to act as the “Reporting Person” for this transaction and as
defined in Section 6045(e) of the Internal Revenue Code and the regulations promulgated thereunder (collectively, the “Reporting
Requirements”) and to perform all duties that are required by the Reporting Requirements to be performed by the Reporting
Person with respect to this transaction.

 

	 	ESCROW AGENT:
	 	 	 
	 	CHICAGO TITLE INSURANCE COMPANY
	 	 	 
	 	By:	            
	 	Name:	
	 	Title:	

 

[Signature Page
to Joinder by Escrow Agent]

 

     

    

    

 

Exhibits
& Schedules

 

	Exhibit A	-	Legal Description
	 	 	 
	Exhibit B	-	Form of Deed
	 	 	 
	Exhibit C	-	Form of Ground Lease
	 	 	 
	Exhibit D	-	Form of Assignment of Intangible
    Property
	 	 	 
	Exhibit E	-	FIRPTA Affidavit
	 	 	 
	Schedule 1	-	Permitted Exceptions

 

     

    

    

 

EXHIBIT
A

 

LEGAL DESCRIPTION
OF THE PROPERTY

 

Situated in the
City of Canton, Stark County, State of Ohio, being all of O.L. 1469 on that certain HOF Village Replat recorded in the Office of the
Recorder of Stark County as Instrument Number 202203250013418, containing 4.9282 acres, more or less.

 

APN: 10014331

 

    Exhibit A - 1

     

    

 

EXHIBIT
B

 

FORM OF
LIMITED WARRANTY DEED

 

KNOW ALL MEN BY
THESE PRESENTS: That HOF VILLAGE WATERPARK, LLC, a Delaware limited liability company, whose mailing address is 2014 Champions Gateway,
Canton, OH 44708, Attn: General Counsel (“Grantor”), for valuable consideration paid, grants, with limited
warranty covenants, to HFAKOH001, LLC, a Delaware limited liability company (“Grantee”), whose tax-mailing
address is 30 North LaSalle Street, Suite 4140, Chicago, IL 60602, Attn: Asset Management, certain real property located in the County
of Stark, and State of Ohio, being more particularly described on Exhibit A attached hereto and made a part hereof (the “Property”),
together with all rights and appurtenances pertaining thereto, including any and all rights of Grantor in and to all oil, gas and other
minerals, air and development rights, roads, alleys, easements, streets and ways adjacent to the Property, rights of ingress and egress
thereto, any strips and gores within or bounding the Property and in profits or rights or appurtenances pertaining to the Property, and
together with the buildings and all other improvements, structures and fixtures placed, constructed or installed on the Property.

 

The
Property is conveyed subject to, and there are hereby excepted from the limited warranty covenants of Grantor, all matters of record.

 

Prior
Instrument Reference: File No. 202204140016402 of the Stark County, Ohio Records.

 

[Signature and
Acknowledgment Page Follows]

 

    Exhibit B - 1

     

    

 

EXECUTED
as of this ___ day of November, 2022.

 

		HOF VILLAGE WATERPARK, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	              
	 	Name:	
	 	Title:	

 

	STATE OF	)	 
	 	) SS:	 
	COUNTY OF	)	 

The foregoing instrument was acknowledged before me this ____ day of November, 2022 by ___________________,
the ___________________ of HOF VILLAGE WATERPARK, LLC, a Delaware limited liability company, on behalf of the company.

 

		 	 
		 	Notary Public

                                               

	My Commission Expires:

                                                                       
	 	Print Name of Notary

 

	This Instrument Prepared by:	 
	Kirkland & Ellis LLP	 
	300 North LaSalle Street	 
	Chicago, Illinois 60654	 
	Attn:  David A. Rosenberg, P.C.	 

    Exhibit B - 2

     

    

Exhibit A

 

Legal Description

 

Situated in the City of Canton, Stark County, State of Ohio, being all of O.L. 1469 on that certain HOF Village Replat recorded in
the Office of the Recorder of Stark County as Instrument Number 202203250013418, containing 4.9282 acres, more or less.

 

APN: 10014331

 

    Exhibit B - 3

     

    

 

EXHIBIT C

 

FORM OF GROUND LEASE

 

[See attached.]

 

    Exhibit C - 1

     

    

 

EXHIBIT D

 

FORM OF

 

ASSIGNMENT OF INTANGIBLE PROPERTY

 

THIS ASSIGNMENT OF INTANGIBLE
PROPERTY (this “Assignment”) is made as of November 7, 2022 (the “Effective Date”)
by and between HOF VILLAGE WATERPARK, LLC, a Delaware limited liability company (“Assignor”), and HFAKOH001
LLC, a Delaware limited liability company (“Assignee”).

 

WITNESSETH:

 

WHEREAS, pursuant to that
certain Agreement for Purchase and Sale of Real Property dated, November 7, 2022 (the “Purchase Agreement”)
by and between Assignor, as seller, and Assignee, as buyer, Assignor has agreed to convey to Assignee, and Assignee has agreed to accept
from Assignor, all of Assignor’s right, title and interest in and to the real property, and (i) all structures and improvements
owned by Seller and located on such land, (ii) any and all right, title and interest of Seller in and to all privileges, rights, options,
easements, hereditaments, entitlements and appurtenances thereto belonging, and (iii) any and all right, title and interest of Seller
in and to any streets, alleys, passages and other rights-of-way included therein or adjacent thereto (before or after any vacation thereof),
owned by Assignor and commonly known by the address of 2301 George Halas Drive NW, Canton, Ohio 44178 (the “Property”);
and

 

WHEREAS, pursuant to the
terms of the Purchase Agreement, Assignor is required to execute and deliver this Assignment in order to facilitate the assignment of
all right, title and interest of Seller, to all intangible property and assets relating to the Property, including, without limitation,
all licenses, permits, entitlements, bonds, development rights, approvals, authorizations, certificates of occupancy, utility agreements,
plans, specifications, site plans, surveys, schematics, indemnities, warranties, and guaranties (individually or collectively, as the
context may require, the “Intangible Property”); and

 

WHEREAS, simultaneously with the execution and delivery of this
Assignment, the transactions contemplated by the Purchase Agreement with respect to the Property are being consummated by Assignor and
Assignee.

 

NOW, THEREFORE, in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration paid by Assignee
to Assignor, the mutual receipt and legal sufficiency of which are hereby acknowledged, the parties hereto for themselves, their legal
representatives, successors and assigns, hereby agree as follows:

 

All capitalized terms used and not defined herein shall have the meanings
ascribed to them in the Purchase Agreement.

 

Effective as of the Effective Date, Assignor hereby assigns and transfers unto Assignee, its
successors and assigns, forever, in each case, to the extent the same are assignable and are not required to be maintained by Assignor
in order for Assignor to perform its obligations as tenant under the Ground Lease with respect to the Property, all of its right, title
and interest in, to and under the Intangible Property.

 

Assignee hereby assumes the obligations of Assignor in respect of such Intangible
Property to the extent arising from events occurring from and after the Effective Date.

 

Assignor shall defend, protect, indemnify, and
hold harmless Assignee and its partners, beneficial owners, affiliates, officers, agents, employees, representatives or other constituent
entities of Assignee from and against any and all loss, cost, liability, expense, claim, action, damages, and fines (including those arising
from the loss of life, personal injury and/or property damage), including reasonable attorneys’ fees, directly or indirectly arising
from or out of any failure by Assignor, on or before the Effective Date, to have performed Assignor’s obligations in respect of
such Intangible Property. The foregoing indemnification obligations shall be subject to the rights and obligations of Assignor and Assignee
pursuant to the Ground Lease.

 

Except as may be set forth in the Purchase Agreement, this Assignment is made without representation, warranty,
guarantee, or other assurance or covenant of any kind by Assignor, and without recourse with respect to Assignor or with respect to any
of the partners, beneficial owners, officers, agents, employees, representatives, affiliates, or other constituent entities of Assignor.

 

[SIGNATURE PAGE FOLLOWS]

 

    Exhibit D - 1

     

    

	 	ASSIGNOR:
	 	 
	 	HOF VILLAGE WATERPARK, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	              
	 	Name:	
	 	Title:	
	 	 	 
	 	ASSIGNEE:
	 	 
	 	HFAKOH001 LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	
	 	Name:	
	 	Title:	

    Exhibit D - 2

     

    

EXHIBIT E

FIRPTA AFFIDAVIT

Section 1445
of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign
person. To inform the transferee that withholding of tax is not required upon disposition of a U.S. real property interest by [_______________]
(“Transferor”), to [_________________], a [_________________] (“Transferee”), Transferor
hereby certifies the following:

 

Transferor
is not a foreign corporation, foreign partnership, foreign trust, or foreign estate (as those terms are defined in the Internal Revenue
Code and Income Tax Regulations).

 

Transferor
is not a disregarded entity for federal income tax purposes.

 

Transferor’s
U.S. taxpayer identification number is __________________.

 

Transferor’s office address is [________________], [___________], [_______]
[_______].

 

Transferor understands that this certification may be disclosed to the Internal Revenue Service by the transferee and that
any false statement contained herein could be punished by fine, imprisonment, or both.

 

[SIGNATURE
PAGE FOLLOWS]

 

    Exhibit E - 1

     

    

Transferor
declares that it has examined this certificate and to the best of its knowledge and belief it is true, correct, and complete, and that
the person signing below has authority to sign this document on behalf of Transferor.

 

Dated:November ___, 2022

 

	 	Transferor:
	 	 
	 	[●],
	 	a [___________]
	 	 	 
	 	By:	                   
	 	Name: 	
	 	Title:	

 

    Exhibit E - 2

     

    

 

NOTICE TO TRANSFEREE: You are required by law to
retain this Certificate until the end of the fifth taxable year following the taxable year in which the transfer takes place and to make
it available to the Internal Revenue Service if requested during that period.

 

 

Exhibit E - 3Exhibit 10.2

 

 

 

 

LEASE AGREEMENT

 

By and Between

 

HFAKOH001 LLC, a Delaware
limited liability company

 

(Landlord)

 

and

 

HOF VILLAGE WATERPARK, LLC,
a Delaware limited liability company

 

(Tenant)

 

 

 

 

 

 

 

 

 

 

 

Property:  See
Exhibit B

 

This Instrument Prepared by:

Kirkland & Ellis LLP

300 North LaSalle Street 

Chicago, Illinois 60654

Attn: David A. Rosenberg, P.C.

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	1.	BASIC TERMS	1
	2.	DEFINITIONS AND BASE PROVISIONS	2
	3.	GRANTING CLAUSE	12
	4.	USE	13
	5.	RENT	14
	6.	TRUE LEASE	16
	7.	NET LEASE	16
	8.	REAL ESTATE TAXES	17
	9.	PERSONAL PROPERTY TAXES	19
	10.	OPERATING EXPENSES	19
	11.	TENANT’S REPAIR AND MAINTENANCE RESPONSIBILITIES	20
	12.	COMPLIANCE WITH LAWS	22
	13.	SURRENDER OF PREMISES	22
	14.	ALTERATIONS	23
	15.	ENTRY BY LANDLORD	25
	16.	TENANT’S INSURANCE OBLIGATIONS	26
	17.	OFAC	30
	18.	WAIVER OF SUBROGATION	31
	19.	DESTRUCTION OF OR DAMAGE TO PREMISES	31
	20.	CONDEMNATION	32
	21.	INDEMNIFICATION	33
	22.	ASSIGNMENT AND SUBLETTING	34
	23.	TENANT’S DEFAULT	43
	24.	REMEDIES OF LANDLORD	44
	25.	RESERVED	46
	26.	ESTOPPEL CERTIFICATE	46
	27.	HAZARDOUS MATERIALS	47
	28.	PRESS RELEASES	50
	29.	HOLDING OVER	50
	30.	FINANCIAL COVENANTS	50
	31.	QUIET ENJOYMENT	51
	32.	NOTICES	51
	33.	PERSONAL LIABILITY	51
	34.	ENTIRE AGREEMENT	52
	35.	AMENDMENTS	52
	36.	LEGAL INTERPRETATION	52
	37.	INTENTIONALLY OMITTED	53
	38.	AUTHORITY TO ENTER INTO LEASE	53
	39.	PARTIES BOUND	53
	40.	COUNTERPARTS; ELECTRONIC SIGNATURES	53
	41.	SEVERABILITY	54
	42.	WAIVER OF JURY TRIAL; CONSEQUENTIAL DAMAGES	54
	43.	MEMORANDUM OF LEASE	54
	44.	BROKERS	54
	45.	GUARANTY	55
	46.	REIT PROTECTION	55
	47.	OHIO GOVERNMENTAL FINANCING PROGRAMS	56

 

    i

     

    

 

LEASE AGREEMENT

 

THIS LEASE
AGREEMENT (this “Lease”) is entered into as of the 7th day of November, 2022 (the “Effective Date”),
by and between HFAKOH001 LLC, a Delaware limited liability company (“Landlord”), and HOF VILLAGE WATERPARK, LLC, a
Delaware limited liability company (“Tenant”).

 

RECITALS

 

		A.	HOF VILLAGE WATERPARK, LLC, a Delaware limited liability
company (“Seller”), was the fee simple owner of the Property prior to the Effective Date. The Property is a part of
the larger entertainment related complex known as the Hall of Fame Village (the “HOFV Complex”).

 

		B.	Landlord purchased the Property from Seller pursuant to that certain Agreement for
Purchase and Sale of Real Property dated as of the Effective Date (the “Purchase Agreement”).

 

		C.	Landlord and Tenant are executing this Lease, pursuant to which Landlord shall lease
the Property to Tenant, on the terms and conditions set forth below.

 

NOW THEREFORE,
in consideration of the mutual promises, covenants, and agreements set forth herein, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows:

 

1.
BASIC TERMS.

 

		A.	“Base Rent”: Base Rent shall be paid in accordance
with and in the amounts set forth on Exhibit A attached hereto and made a part hereof, subject to increases as set forth
herein.

 

		B.	“Buildings”: The building or buildings located on the Property
from time to time.

 

		C.	“Commencement Date”: The Effective Date.

 

		D.	“Expiration Date”: November 30, 2121, or such earlier date resulting
from a termination of this Lease in accordance with the terms and conditions hereunder.

 

		E.	“Premises”: Collectively, the Buildings, the Property and all
other improvements now or hereafter located on or about the Property.

 

		F.	“Property”: Those certain tracts or parcels
of land described on Exhibit B attached hereto and made a part hereof.

 

		G.	“Term”: The period commencing on the Commencement Date and expiring
on the Expiration Date.

 

    1

     

    

 

2.
DEFINITIONS AND BASE PROVISIONS.

 

For purposes of this Lease, the following terms shall have the meanings
indicated below:

 

	 	A.	“ADA”: The Americans with Disabilities Act of 1990, 42 U.S.C. §§ 12101 et seq., as the same may be amended from time to time and any and all rules and regulations which have become effective prior to the date of this Lease under such statutes.

 

	 	B.	“Affiliate”: With respect to Landlord or Tenant, shall mean a person or entity that directly or indirectly through one or more intermediaries Controls, is Controlled by, or is under common Control with such person or entity.

 

	 	C.	“Alterations”: Defined in Section 14.A hereof.

 

	 	D.	“Anti-Money Laundering Laws”: The BSA and the United and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (commonly referred to as the USA Patriot Act), P.L. 107-56, as the same may be amended from time to time and any and all rules and regulations which have become effective prior to the date of this Lease under such statutes.

 

	 	E.	“Architect” shall mean an architect selected by Tenant to complete any applicable Tenant’s Work.

 

	 	F.	“Base Rent”: Defined in Section 1.A hereof.

 

	 	G.	“BSA”: The Bank Secrecy Act (otherwise known as the Currency and Foreign Transactions Reporting Act), 31. U.S.C. §§ 310 et seq., as the same may be amended from time to time and any and all rules and regulations which have become effective prior to the date of this Lease under such statutes.

 

	 	H.	“Building”: Defined in Section 1.B hereof.

 

	 	I.	“Code”: The Internal Revenue Code of 1986 and, to the extent applicable, the Treasury Regulations promulgated thereunder, each as amended from time to time.

 

	 	J.	“Commencement Date”: Defined in Section 1.C hereof.

 

	 	K.	“Comparable Buildings”: Buildings in the market in which the applicable Buildings are located that are comparable in size, design, use, age, location, class and quality to such Buildings.

 

		L.	“Condemnation”
means: (a) any temporary or permanent taking of all or part of (or of the right to use or occupy) the Premises by condemnation, exercise
of any right of eminent domain, or any similar proceeding; and/or (b) any action by any governmental authority not resulting in
an actual transfer of an interest in (or of the right to use or occupy) the Premises but creating a right to compensation for all or
a portion of the Premises, such as a change in the grade of any street upon which the Property abuts or the grant of a public non-exclusive
right of way or easement.

 

    2

     

    

 

	 	M.	“Condemnation Award” means the entire amount of any award paid or payable to Landlord and/or Tenant after the Commencement Date on account of any Condemnation, as compensation for any Condemnation, including: (1) any interest payable on account of such award; (2) any award made on account of any improvements that are the subject of a Condemnation, whether or not the value of such improvements is the subject of a separate award or otherwise separately determined by the applicable governmental authority; (3) the full amount paid or payable by such governmental authority on account of the estate that is the subject of the Condemnation, as determined pursuant to the Condemnation; and (4) any other sums payable on account of such Condemnation.

 

	 	N.	“Control” shall mean with respect to an entity that is a corporation, limited liability company, partnership or other entity, the right to exercise, directly or indirectly, more than fifty percent (50%) of the voting rights attributable to the ownership interests of the entity, with respect to any non-publicly traded company, and more than ten percent (10%) ownership, or management control, with respect to a publicly traded company.

 

	 	O.	“Default Rate”: The lesser of (i) the Prime Rate plus five percent (5%) per annum, compounding monthly, or (ii) the highest rate allowed by applicable Law.

 

	 	P.	“Effective Date”: Defined in the Preamble hereof.

 

	 	Q.	“Encumbrance”: Any claim, lien, pledge, option, charge, easement, security interest, deed of trust, mortgage, lease, sublease, attachment, conditional sales agreement, encumbrance, preemptive right, right of first refusal, right of first offer, covenant, condition, restriction, reciprocal easement agreement, development agreement, operations and maintenance agreement, declaration, TIF agreements, and any agreements similar to the foregoing, together with any other rights of third parties, all of the foregoing whether voluntarily incurred or arising by operation of Law, and includes any agreement to give or enter into any of the foregoing.

 

	 	R.	“Environmental
    Laws”: Each and every Law pertaining to environmental, health or safety matters or Hazardous Materials applicable to or
    which otherwise pertains to or affects the Premises or the use, ownership, occupancy or operation of the Premises or any portion
    thereof, and as the same have been or may be amended, modified or supplemented from time to time, including but not limited to the (1)
Comprehensive Environmental Response, Compensation and Liability Act of 1980 (42 U.S.C. §9601 et seq.), (2) Hazardous Substances
Transportation Act (49 U.S.C. §1802 et seq.), (3) Resource Conservation and Recovery Act (42 U.S.C. §6901 et seq.), as amended
by the Hazardous and Solid Wastes Amendments of 1984, (4) Water Pollution Control Act (33 U.S.C. §1251 et seq.), (5) Safe Drinking
Water Act (42 U.S.C. §300f et seq.), (6) Clean Water Act (33 U.S.C. §1321 et seq.), (7) Clean Air Act (42 U.S.C. §7401
et seq.), (8) Solid Waste Disposal Act (42 U.S.C. §6901 et seq.), (9) Toxic Substances Control Act (15 U.S.C. §2601 et seq.),
(10) Emergency Planning and Community Right-to-Know Act of 1986 (42 U.S.C. §11001 et seq.), (11) Radon Gas and Indoor Air Quality
Research Act of 1986 (42 U.S.C. §7401 et seq.), (12) National Environmental Policy Act (42 U.S.C. §4321 et seq.), (13) Superfund
Amendment Reauthorization Act of 1986 (42 U.S.C. §9601 et seq.), (14) Occupational Safety and Health Act (29 U.S.C. §651 et
seq.), (15) Refuse Act of 1999 (33 U.S.C. § 407 et seq.), (16) Federal Insecticide, Fungicide and Rodenticide Act (7 U.S.C. §
136 et seq.), (17) Marine Protection, Research and Sanctuaries Act (33 U.S.C. § 1401 et seq.), (18) Noise Control Act (42 U.S.C.
§ 4902 et seq.), (19) Atomic Energy Act (42 U.S.C. § 2011 et seq.) and (20) Nuclear Waste Policy Act of 1982 (42 U.S.C. §
10101 et seq.), and any similar state or local Laws and any and all rules and regulations in effect under such Laws.

 

	 	S.	“Event of Default”: Defined in Section 23 hereof.

 

	 	T.	“Expiration Date”: Defined in Section 1.D hereof.

 

	 	U.	“Fee Estate” means Landlord’s fee interest in the Property and this Lease and any reversionary and/or remainder interest in the improvements located on the Property.

 

	 	V.	“Final Completion” shall mean with respect to any Tenant’s Work (a) the completion of construction of such Tenant’s Work, including all “punch list” items, in accordance with the applicable Plans as certified by the applicable General Contractor, and (b) all permits and licenses required for the legal occupancy of such Tenant’s Work, if any, have been obtained.

 

	 	W.	“Final Completion Date” shall mean the date that Final Completion of the applicable Tenant’s Work occurs.

 

	 	X.	“General Construction Contract” shall mean with respect to any Tenant’s Work, the applicable construction contract by and between the applicable General Contractor and Tenant.

 

	 	Y.	“General Contractor” shall mean, with respect to any Tenant’s Work, a contractor selected by Tenant to complete such Tenant’s Work.

 

	 	Z.	“Guarantor” shall mean HOF Village Newco, LLC, a Delaware limited liability company.

 

    3

     

    

 

	 	AA.	“Guaranty”: Defined in Section 45 hereof.

 

	 	BB.	“Hazardous
    Materials”: shall mean (a) any toxic substance or hazardous waste, substance, solid waste or related material, or any
    pollutant or contaminant; (b) radon gas, asbestos, urea formaldehyde foam insulation, polychlorinated biphenyls, radiation, mold or
    other microbial matter, odors, noise, per- and poly-fluoroalkyl substances, or any petroleum product or additive; (c) any substance,
    gas, material or chemical which is now or hereafter defined as or included in the definition of “hazardous substances,”
    “toxic substances,” “hazardous materials,” “hazardous wastes,” “regulated
    substances” or words of similar import under any Environmental Laws; and (d) any other chemical, material, gas or substance,
the exposure to or release of which is or may be prohibited, limited or regulated by any governmental authority, or any chemical, material,
gas or substance that does or is reasonably likely to pose a hazard to human health or safety or to the environment.

 

	 	CC.	“Indemnified Party” shall mean, with respect to any indemnification obligation contained in this Lease, the individual or entity so indemnified by the indemnifying party.

 

	 	DD.	“Landlord”: Defined in the Preamble hereof.

 

	 	EE.	“Landlord Claim”: Defined in Section 21.A hereof.

 

	 	FF.	“Landlord Indemnified Parties”: Landlord and Landlord Mortgagee, and each of their respective successors and assigns, and their respective members, managers, partners, shareholders, officers, directors, agents, attorneys and representatives.

 

	 	GG.	“Landlord Mortgage”: any financing obtained by Landlord, as evidenced by any mortgage, deed of trust, assignment of leases and rents, financing statement or other instruments, and secured by the interest of Landlord in the Property or any portion thereof, including any extensions, modifications, amendments, replacements, supplements, renewals, refinancings and consolidations thereof.

 

	 	HH.	“Landlord Mortgagee”: the mortgagee (and its successors and assigns) under any Landlord Mortgage.

 

    4

     

    

 

	 	II.	“Landlord Notice Address”:

 

c/o
Oak Street Real Estate Capital, LLC

30 North LaSalle, Suite 4140

Chicago, IL 60602

Attention: Asset Management

Email:
oakstreetAM@blueowl.com

 

With
a copy to

 

Kirkland
& Ellis LLP

300
North LaSalle

Chicago,
Illinois 60654

Attention:
David A. Rosenberg and David P. Stanek

E-mail: david.rosenberg@kirkland.com and david.stanek@kirkland.com

 

	 	JJ.	“Landlord’s Representatives”:Landlord’s agents, attorneys, representatives, members, directors, officers and employees.

 

	 	KK.	“Late Charge”: Defined in Section 5.C hereof.

 

	 	LL.	“Law”: All applicable statutes, ordinances, rules, regulations, codes, orders, requirements, directives, binding written interpretations and binding written policies, common law, rulings, and decrees of all local, municipal, state and federal governments, departments, agencies, commissions, boards or political subdivisions.

 

	 	MM.	“Lease”: Defined in the Preamble hereof.

 

	 	NN.	“Leasehold Estate” means the leasehold interest of Tenant in the Property pursuant to this Lease.

 

	 	OO.	“Leasehold Mortgage” means any leasehold deed of trust, mortgage, deed to secure debt, assignment of leases and rents, assignment, security agreement, or other security document securing financing from a lender of Tenant and encumbering the Leasehold Estate.

 

	 	PP.	“Leasehold Mortgagee” means the holder of a Leasehold Mortgage pursuant to the terms of this Lease.

 

	 	QQ.	“Leasehold Mortgagee’s Cure Rights” means all rights of Leasehold Mortgagee(s) to cure any Event of Default by Tenant.

 

	 	RR.	“Monetary Default” means any failure by Tenant (without regard to any notice or cure periods) to: (1) pay when due any Rent or other sum(s) of money that this Lease requires Tenant to pay, whether to Landlord or to a third party; (2) pay when due all insurance premiums that this Lease requires Tenant to pay; (3) properly apply any sums of money, if any, that this Lease requires Tenant to apply in a particular manner or for a particular purpose; or (4) timely satisfy any other obligation of Tenant under this Lease that may be satisfied solely by the payment of money.

 

    5

     

    

 

	 	SS.	“Mortgage” means any mortgage, deed of trust, security deed, contract for deed, deed to secure debt, or other voluntary real property (including leasehold) security instrument(s) or agreement(s) intended to grant real property (including leasehold) security for any obligation (including a purchase-money or other promissory note) encumbering the Leasehold Estate or the Fee Estate (or portions thereof), as entered into, renewed, modified, consolidated, increased, decreased, amended, extended, restated, assigned, or supplemented from time to time. If two or more such mortgages are consolidated or restated as a single lien, then all such mortgages so consolidated or restated shall be treated as a single Mortgage. A Mortgage may be a Landlord Mortgage or a Leasehold Mortgage.

 

	 	TT.	“Mortgagee” means an institutional lender which is the holder of any Mortgage and its successors and assigns.

 

	 	UU.	“Mortgagee Protections” means, as to any Mortgagee, all rights, protections, and privileges of such Mortgagee as expressly provided for under this Lease, including the following: (1) any right to receive notices and/or to cure defaults (including, in the case of a Leasehold Mortgagee, all Leasehold Mortgagee’s Cure Rights); (2) any requirement for Leasehold Mortgagee’s consent to any matter; (3) in the case of a Leasehold Mortgagee, all provisions of this Lease relating to a New Lease and all rights of any New Tenant or Successor Tenant; and (4) all other rights, protections, and privileges of such Mortgagee under this Lease.

 

		VV.	“New Lease” means a new lease of the Property,
effective as of (or retroactively to) the termination date of this Lease, for the remainder of the Term of this Lease, considered as
if this Lease had not been terminated, with New Tenant, on all the same terms and provisions of this Lease and in the same form as this
Lease, but shall not include any Personal Obligations of a predecessor tenant or any obligations of Tenant that have already been performed,
it being agreed that such New Tenant will be responsible for its own Personal Obligations. Any New Lease shall include all rights, options
and privileges of Tenant under this Lease, but shall not include any obligations of Tenant that have already been performed. Any New
Lease or a memorandum thereof shall be in recordable form and shall include all Mortgagee Protections for the benefit of Mortgagees of
New Tenant.

 

		WW.	“New Lease Delivery Date” means the date
when Landlord and New Tenant enter into a New Lease.

 

		XX.	“New Lease Option Period” means, upon
the occurrence of a termination of this Lease (other than as the result of (1) the scheduled expiration date of the Term; or (2) a termination
pursuant to Section 20 of this Lease), a period that begins on the date of such termination and ends on the date thirty (30) calendar
days after such termination.

 

    6

     

    

 

	 	YY.	“New
Tenant” means the Leasehold Mortgagee that requests a New Lease, or such other tenant under a New Lease as such Leasehold Mortgagee
shall select (but excluding Tenant or any of its affiliates), all as designated by such Leasehold Mortgagee. Any New Tenant shall not
have (together with any Person Controlling, Controlled by or under Common Control with such Person) been convicted of any felony during
the five (5) year period prior to the date that such Person shall become a New Tenant, that is a is a violation of any law designed to
protect against terrorism, including without limitation the Uniting and Strengthening America by Providing Appropriate Tools Required
to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56) (The USA PATRIOT Act), Executive Order No. 13224 on Terrorist Financing,
effective September 24, 2001, and relating to Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit,
or Support Terrorism and implementing regulations thereto, the International Emergency Economic Power Act, 50 U.S.C. §1701
et. seq., and all other laws, regulations and executive orders administered by the Office of Foreign Assets Control.

 

		ZZ.	“NDA”: Defined in Section 22.A
hereof.

 

		AAA.	“NFA”: Defined in Section 27.H
hereof.

 

		BBB.	“Nonmonetary Default” means the occurrence
of either of the following, other than a Monetary Default: (1) any breach by Tenant of its obligations under this Lease; or (2) any event
or circumstance (not consisting of a breach of Tenant’s obligations under this Lease) that, with the passage of time or the giving
of notice, or both, or neither, would constitute an Event of Default.

 

		CCC.	“OFAC Laws and Regulations”: All Laws
administered by the Office of Foreign Asset Control (“OFAC”) of the Department of the Treasury, codified at 31 C.F.R.
Part 500 (including those named on OFAC’s Specially Designated and Blocked Persons list) or under any statute, executive order
(including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to
Commit, or Support Terrorism), or other governmental action regarding persons or entities with whom U.S. persons or entities are restricted
from doing business (including persons or entities who have violated the U.S. Foreign Corrupt Practices Act 15 U.S.C. §§78dd-1,
78dd-2 and 78dd-3), as same may be amended from time to time.

 

		DDD.	“Permitted Encumbrances”: Any and all
Encumbrances (i) affecting any portion of the Premises as of the Commencement Date, including, but not limited to, those Encumbrances
shown on Landlord’s title policy obtained on the Effective Date, (ii) consisting of current taxes and assessments with respect
to the Premises, not yet due or payable, (iii) arising or created by municipal and zoning ordinances, (iv) arising after the Commencement
Date that are approved in writing by Landlord in its reasonable discretion, and (v) any Leasehold Mortgages in accordance with this Lease.
As used herein, “Permitted Encumbrances” shall include, without limitation, (1) that certain Development Agreement
dated as of December 20, 2017, by and between the City of Canton, Ohio, and HOF Village, LLC (the “Development Agreement”),
(2) that certain Operations and Maintenance Agreement dated as of December 20, 2017, by and between the City of Canton, Ohio, and HOF
Village, LLC (the “Operations and Maintenance Agreement”), (3) that certain Reciprocal Easement and Restrictive Covenant
Agreement for the HOF Village Complex dated as of February 26, 2016, and recorded as of March 11, 2016, as Instrument No. 201603110009295
with the Stark County, Ohio Recorder’s Office, as amended by that certain First Amendment to Reciprocal Easement and Restrictive
Covenant Agreement dated as of July 19, 2022, and recorded as of July 20, 2022, as Instrument No. 202207200030836 with the Stark County,
Ohio Recorder’s Office (the “HOF Village REA”), (4) the Third Omnibus Amendment Agreement effective August 12,
2022 (Stark County Recorder Instrument No. 202208190035449), together with all agreements referenced therein (collectively, the “Omnibus
Agreement”), and (5) the Acknowledgment and Declaration Relating to Service Payments in Lieu of Taxes and Related Matters made
and executed by Tenant as of November 7, 2022, and recorded as Stark County Recorder Instrument No. [      ] (the “TIF
Declaration”).

 

    7

     

    

 

		EEE.	“Person” means any individual, partnership,
limited liability company, corporation, joint venture, association, trust, or other entity.

 

		FFF.	“Personal Default” means any Nonmonetary
Default of Tenant that is not reasonably susceptible of cure by a Leasehold Mortgagee, such as (to the extent, if any, that any of the
following may actually constitute a Default under this Lease) a bankruptcy proceeding affecting Tenant or any other Person; a prohibited
transfer; failure to deliver financial information within Tenant’s control; and any other Nonmonetary Default that by its nature
relates only to, or can reasonably be performed only by, Tenant or its Affiliates.

 

		GGG.	“Personal Obligation” means any obligation
under this Lease the breach of which would constitute a Personal Default.

 

		HHH.	“Personal Property”: All personal property
on the Premises, which shall include, without limitation, all business machinery and equipment, including, but not limited to, specialized
equipment unique to the nature of Tenant’s business, business records, furniture, furnishings, communications equipment, office
equipment, computer equipment, computer software, computer tapes, computer program tapes, computer program disks, computer program documentation
and manuals, computer program codes, customer accounts, customer lists, customer information, inventory and proprietary information which
may belong to Tenant or be in the possession of Tenant, which is located or used upon, in or about the Premises during the Term, or any
renewal or extension thereof. Any generator and associated equipment located at the Premises, if any, shall constitute a fixture and
shall not constitute Personal Property.

 

    8

     

    

 

	 	III.	“Plans” shall mean, with respect to any Tenant’s Work, the plans and specifications prepared by the Architect.

 

		JJJ.	“Premises”: Defined in Section 1.E
hereof.

 

		KKK.	“Prime Rate”: The interest rate per annum
as published, from time to time, in The Wall Street Journal as the “Prime Rate” in its column entitled “Money Rate”.
The Prime Rate may not be the lowest rate of interest charged by any “large U.S. money center commercial banks” and Landlord
makes no representations or warranties to that effect. In the event The Wall Street Journal ceases publication or ceases to publish the
“Prime Rate” as described above, the Prime Rate shall be the average per annum discount rate (the “Discount Rate”)
on ninety-one (91) day bills (“Treasury Bills”) issued from time to time by the United States Treasury at its most
recent auction, plus three hundred (300) basis points. If no such 91-day Treasury Bills are then being issued, the Discount Rate shall
be the discount rate on Treasury Bills then being issued for the period of time closest to ninety-one (91) days.

 

		LLL.	“Prohibited Persons”: Defined in Section
17.B hereof. MMM.“Property”: Defined in Section 1.F hereof.

 

		NNN.	“Qualified Sublease”: A means a sublease
entered into by Tenant (as sublandlord) with a Qualified Subtenant that satisfies the following criteria: (i) the sublease does not have
a scheduled expiration later than the calendar day immediately preceding the Expiration Date, (ii) provides that the amounts due thereunder
do not depend in whole or in part on the income or profits derived by any Person within the meaning of Section 856(d)(2)(A) of the Internal
Revenue Code, (iii) is disclosed to Landlord and is on market terms and conditions, (iv) the portion of the Premises subject to the sublease
is at least ten percent (10%) of the rentable square footage of the building in which the sublease premises is located, and (v) is otherwise
reasonably acceptable to Landlord. A “Qualified Sublease” shall also include any sublease required in connection with
any Ohio Government Financing Programs permitted under Section 47 below provided that such sublease is in reasonable and customary
form for the Ohio Governmental Financing Program in question.

 

    9

     

    

 

		OOO.	“Qualified Tenant” and “Qualified
Subtenant”: means a Person who shall not have (together with any Person Controlling, Controlled by or under Common Control
with such Person) been convicted of any felony during the five (5) year period prior to the date that such Person shall become a tenant
or subtenant, as applicable, that is a violation of any law designed to protect against terrorism, including without limitation the Uniting
and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)
(The USA PATRIOT Act), Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001, and relating to Blocking Property
and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism and implementing regulations thereto,
the International Emergency Economic Power Act, 50 U.S.C. §1701 et. seq., and all other laws, regulations and executive orders administered
by the Office of Foreign Assets Control. Tenant shall disclose to Lender any Qualified Subtenants and Qualified Tenants that are an Affiliate
of Tenant.

 

		PPP.	“Purchase Agreement”: Defined in Recital
B hereto. QQQ. “Real Estate Taxes”: Defined in Section 8.A hereof.

 

		RRR.	“Release”: Any spilling, leaking, pumping,
pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, migrating, presence of, exposure to or disposing into
the environment of any Hazardous Materials, including the abandonment or discarding of barrels, containers, and other closed receptacles
containing any Hazardous Materials.

 

		SSS.	“Rent”: Defined in Section 5.B
hereof.

 

		TTT.	“Repossessed Premises”: Defined in Section
24.C hereof. UUU. “Seller”: Defined in the Recitals hereto.

 

		VVV.	“Sublease NDA”: With respect to any Qualified
Sublease, a non- disturbance and attornment agreement among Landlord, Tenant, and the applicable Qualified Subtenant in a form reasonably
acceptable to Landlord and Tenant. Provided, any requirement herein for Landlord to provide a Sublease NDA shall be limited to Qualified
Subtenants that occupy the entire building in which the relevant subleased space is located.

 

		WWW.	“Substitute Tenant”: Defined in Section
24.C hereof.

 

		XXX.	“Successor Tenant” means (1) any purchaser,
transferee, or assignee of the Leasehold Estate pursuant to a foreclosure, including Leasehold Mortgagee or its successor, assignee,
designee or nominee (if applicable) and (2) such purchaser’s transferee’s or assignee’s direct and indirect successors
and assigns. Any Successor Tenant shall not have been convicted (nor shall any Person Controlling, Controlled by or under Common Control
with such Person have been convicted) of any felony during the five (5) year period prior to the date that such Person shall become a
Successor Tenant, that is a violation of any law designed to protect against terrorism, including without limitation the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56) (The
USA PATRIOT Act), Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001, and relating to Blocking Property and
Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism and implementing regulations thereto, the
International Emergency Economic Power Act, 50 U.S.C. §1701 et. seq., and all other laws, regulations and executive orders administered
by the Office of Foreign Assets Control.

 

    10

     

    

 

		YYY.	“Tanks”: Defined in Section 27.H
hereof.

 

		ZZZ.	“Taxes”: Defined in Section 8.D
hereof.

 

		AAAA.	“Temporary Condemnation” means a Condemnation
of the temporary right to use or occupy all or part of the Premises.

 

		BBBB.	“Tenant”: Defined in the Preamble hereto.

 

		CCCC.	“Tenant Notice Address”:

 

HOF Village Waterpark, LLC

2014 Champions Gateway

Canton, OH 44708 

Attn: General Counsel

Email: Tara.charnes@hofvillage.com

 

With a copy to:

 

Walter Haverfield LLP 

1301 East Ninth Street 

Suite 3500

Cleveland, Ohio 44114-1821 

Attn: Nick Catanzarite

Email: ncatanzarite@walterhav.com

 

		DDDD.	“Tenant’s Personal Property”: Defined
in Section 13 hereof.

 

		EEEE.	“Tenant’s Representatives”: Tenant’s
agents, attorneys, representatives, directors, officers and employees and any mortgagee of Tenant’s interest in this Lease or in
the Premises.

 

		FFFF.	“Tenant’s Work”: means any work
performed by Tenant (or an Affiliate of Tenant, as the case may be) on its own behalf, including Alterations or any casualty or condemnation
restoration.

 

    11

     

    

 

		GGGG.	“Term”: Defined in Section 1.G
hereof.

 

		HHHH.	“Transfer”: Defined in Section
22.B hereof.

 

		IV.	“Total
Loss” means a permanent Condemnation of all or substantially all of the Property.

 

		JJJJ.	“U.S. Publicly-Traded Entity”: Defined
in Section 17.A hereof.

 

		KKKK.	“Utility Charges”: Defined in Section
10.A hereof.

 

3.
GRANTING CLAUSE.

 

		A.	Landlord,
in consideration of the covenants and agreements to be performed by Tenant, and upon the terms and conditions contained in this Lease,
does hereby lease, demise, let and deliver to Tenant, and Tenant, in consideration of the covenants and agreements to be performed by
Landlord and upon the terms and conditions contained in this Lease, does hereby lease from Landlord, the Property, to have and to hold
for the Term. Tenant acknowledges receipt and delivery of complete and exclusive possession of the Property, subject to the Permitted
Encumbrances. Tenant acknowledges and confirms that for a substantial period prior to and up to and including the execution of this Lease,
Seller has been in continuous ownership and possession of the Premises, and, accordingly, Tenant is fully familiar therewith, and Tenant
has examined and otherwise has knowledge of the condition of the Premises prior to the execution and delivery of this Lease and has found
the same to be satisfactory for its purposes hereunder. Regardless, however, of any knowledge, examination or inspection made by Tenant
and whether or not any patent or latent defect or condition was revealed or discovered thereby, Tenant is leasing the Property “as
is,” “where is” and “with all faults” in its present condition. Tenant hereby irrevocably, unconditionally
and absolutely waives and relinquishes any claim or action against Landlord whatsoever in respect of the condition of the Premises as
of the Commencement Date, including any patent or latent defects or adverse conditions not discovered or discoverable or otherwise known
or unknown by Tenant as of the Commencement Date.

 

LANDLORD MAKES NO WARRANTY OR
REPRESENTATION, EXPRESS OR IMPLIED, IN FACT OR IN LAW, IN RESPECT OF THE PREMISES OR ANY PART THEREOF, EITHER AS TO ITS FITNESS FOR
USE, DESIGN OR CONDITION FOR ANY PARTICULAR USE OR PURPOSE OR OTHERWISE, OR AS TO THE NATURE OR QUALITY OF THE MATERIAL OR
WORKMANSHIP THEREIN, OR THE EXISTENCE OF ANY HAZARDOUS MATERIALS, IT BEING AGREED THAT ALL SUCH RISKS, KNOWN AND UNKNOWN, LATENT OR
PATENT, ARE TO BE BORNE SOLELY BY TENANT, INCLUDING ALL RESPONSIBILITY AND LIABILITY FOR ANY ENVIRONMENTAL CONDITION OF THE
PREMISES, ENVIRONMENTAL REMEDIATION AND COMPLIANCE WITH ALL ENVIRONMENTAL LAWS.

 

    12

     

    

 

Without limiting the foregoing, Tenant realizes
and acknowledges that factual matters existing as of the Commencement Date now unknown to it may have given or may hereafter give rise
to losses, damages, liabilities, costs and expenses that are presently unknown, unanticipated and unsuspected, and Tenant further agrees
that the waivers and releases herein have been negotiated and agreed upon in light of that realization and that Tenant nevertheless hereby
intends to release, discharge and acquit Landlord and Landlord Mortgagee, and each of their respective successors and assigns, and their
respective members, managers, partners, shareholders, officers, directors, agents, attorneys and representatives, from any and all such
unknown losses, damages, liabilities, costs and expenses.

 

		B.	Landlord
and Tenant covenant and agree that, except to the extent otherwise required by applicable Law: (i) each will treat this Lease in accordance
with U.S. generally accepted accounting principles, consistently applied, and as a true lease for state law reporting purposes;
and (ii) each party will not, nor will it permit any Affiliate to, at any time, take any action or fail to take any action with respect
to the preparation or filing of any statement or disclosure to any governmental authority, including without limitation, any income tax
return (including an amended income tax return), to the extent that such action or such failure to take action would be inconsistent
with the intention of the parties expressed in this Section 3.B.

 

	 	C.	Tenant acknowledges that fee simple title (both legal and equitable) to the Property is vested in Landlord and that Tenant has only the leasehold right of possession and use of the Property as provided herein, together with the option to repurchase the Property from Landlord as provided by that certain Purchase Option Agreement dated as of the date hereof between Landlord and Tenant.

 

4.
USE.

 

		A.	Tenant
may use the Premises for any uses that are in compliance with all Laws and Permitted Encumbrances, except as otherwise specifically prohibited
under the terms of this Lease. Tenant shall use the Premises only as provided by and in accordance with all Permitted Encumbrances, subject
to Landlord’s reservation of rights herein. Tenant shall not use or occupy the Premises, or any part thereof, nor permit or allow
the Premises or any part thereof to be used or occupied, for (i) any purpose or in any manner which is in violation of any Law or a violation
of the provisions set forth in Section 27 or any other provision of this Lease or (ii) in any manner which violates any certificates
of occupancy for the Premises or makes void or voidable any insurance then in force with respect thereto as is required pursuant to Section
16 hereof. Tenant’s occupancy of the Premises will be in compliance with all Laws and insurance requirements, and as otherwise
provided in this Lease. Tenant shall neither suffer nor permit the Premises or any portion thereof to be used, or otherwise act or fail
to act, in such a manner as (I) might impair Landlord’s title thereto or to any portion thereof, (II) may make possible
a claim of adverse use or possession or an implied dedication of the Premises or any portion of the Premises, or (III) may subject the
Premises or this Lease to any Encumbrances, other than Permitted Encumbrances. Notwithstanding anything herein to the contrary, Tenant
shall not (a) permit any unlawful or immoral practice to be carried on or committed in the Premises; (b) make any use of or allow the
Premises to be used for any purpose that might invalidate the insurance thereof; (c) reserved; (d) reserved; (e) commit or suffer any
material waste in or about the Premises; (f) use the Premises in any manner that is reasonably likely to diminish the value of the Premises
in any material respect; or (g) use the Premises for any of the following purposes without the Landlord’s prior consent (in its
sole and absolute discretion): (i) nightclub, adult bookstore or video shop or other adult entertainment establishment; (ii) incineration
or reduction of garbage or any garbage dumps on the Premises; (iii) mortuary; (iv) reserved; (v) laundry or dry cleaning plant or laundromat;
(vi) reserved; (vii) reserved; (viii) massage parlor; or (ix) permanent carnival. If Landlord is required to obtain and/or maintain any
license, permit, certificate, or other approval from governmental authorities or agencies with respect to any liquor, gambling, off-track
betting, or gaming uses (collectively, the “Restricted Uses”) that Tenant desires to undertake at the Property, or
otherwise undergo any regulatory review therefor, then Tenant shall not begin, permit, allow, or continue any such Restricted Use at
the Property unless Landlord has first obtained such license, permit, certificate, or other approval or completed such regulatory review.
Landlord shall be required to submit, execute, or consent to any application in connection with any Restricted Uses, or submit any information
in connection therewith, only if (v) any such application is reasonable, customary, and required by the applicable governmental or regulatory
authority for the applicable Restricted Use, (w) there is no obligation of a director, officer, employee, or other representative of
Landlord to share personal information in connection therewith, (x) neither Landlord nor any Affiliate of Landlord, nor any of their
directors, officers, employees, or other representatives, is required to disclose any financial or other confidential information in
connection therewith, (y) Tenant shall pay Landlord’s costs and expenses incurred in connection therewith, and (z) such submissions
are in compliance with Landlord’s customary internal confidentiality protocols.

 

    13

     

    

 

		B.	Tenant
will not enter into any agreements or consent to any transaction or instruments that will create an Encumbrance on the Property without
Landlord’s prior written consent in its sole discretion (other than customary utility easements or reciprocal types of easements
with the various entities comprising the HOFV Complex that relate to the overall operations and use of the HOFV Complex, that
do not materially and adversely affect the Premises, for which Landlord shall not unreasonably withhold consent). Tenant shall be responsible
for complying with the terms and conditions of, and paying the costs and expenses under, all Encumbrances on the Premises (other than
Landlord’s obligations to pay debt service to any Landlord Mortgagee under any Landlord Mortgage). Tenant shall not, without Landlord’s
prior written consent (in Landlord’s reasonable discretion), apply for or otherwise seek or obtain any zoning changes or variances
with respect to the Property; provided, however, Tenant may apply for and pursue any minor construction-related or building-related variances
required to construct the New Improvements and Landlord shall reasonably cooperate therewith at no cost or expense to Landlord. If Landlord
desires to seek or obtain any zoning changes or variances with respect to the Property, Tenant shall cooperate in all respects therewith,
at Landlord’s request, provided that such zoning change or variance will not prohibit Tenant’s use of the Property for its
then-current use.

 

	 	C.	Without limiting the foregoing, Tenant shall make all payments required under, implement the requirements of, complete all construction and development under, and otherwise comply in all respects with the Development Agreement, the Operations and Maintenance Agreement, the HOF Village REA, and the Omnibus Agreement, all at Tenant’s sole cost and expense.

 

5.
RENT.

 

	 	A.	Tenant shall pay Base Rent to Landlord in the manner provided in Section 5.B in equal consecutive monthly installments in advance on or before the first (1st) day of each calendar month commencing as of the Commencement Date and continuing through the Term. If the Term commences on a day other than the first day of a calendar month, or ends on a day other than the last day of a calendar month, Base Rent for such month shall be prorated by multiplying such Base Rent by a fraction, the numerator of which is the number of days of the Term within such calendar month and the denominator of which is the total number of days within such calendar month. Tenant shall pay its first monthly installment of Base Rent, which may be prorated pursuant to this Section 5.A, on the Commencement Date in connection with Landlord’s acquisition of the Property pursuant to the Purchase Agreement.

 

		B.	For
purposes of this Lease, the Base Rent, the Real Estate Taxes, the Utility Charges and any and all other amounts, sums, charges, liabilities
and obligations which Tenant assumes or agrees to pay or may become liable for under this Lease at any time and from time to time are
sometimes collectively referred to as “Rent”; and, in the event of any failure on the part of Tenant to pay any portion
of the Rent, every fine, penalty, interest and cost which may be added for nonpayment or late payment of such items, including,
without limitation, all amounts for which Tenant is or may become liable to indemnify Landlord and the Landlord Indemnified Parties under
this Lease (including reasonable attorneys’ fees and court costs) shall be deemed to be Rent. All Rent is payable in lawful money
of the United States of America and legal tender for the payment of public and private debts without notice, demand, abatement, deduction,
or setoff under any circumstances, in accordance with the wire or ACH information as Landlord designates to Tenant in writing from time
to time.

 

    14

     

    

 

	 	C.	Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent will cause Landlord to incur costs and administrative complications not contemplated hereunder, the exact amount and scope of which are presently anticipated to be extremely difficult to ascertain. Accordingly, if any installment of Rent due to Landlord is not paid on the date it is due for any reason, Tenant shall pay Landlord upon demand a late charge equal to the lesser of (i) seven percent (7%) of the delinquent installment of Rent and (ii) the highest amount allowed by applicable Law (each a “Late Charge”); provided, however, that such late charge shall be waived one (1) time per twenty-four (24) month period in the event that Tenant makes payment within three (3) days after the date such payment was due. The parties agree that this Late Charge represents a fair and reasonable estimate of the costs and expenses (including economic losses) that Landlord will incur by reason of late payment by Tenant. The parties further agree that such Late Charge is Rent and not interest and such assessment does not constitute a lender or borrower/creditor relationship between Landlord and Tenant. In addition, any amount of delinquent Rent (including the amount of any Late Charge) due to Landlord shall accrue interest at the Default Rate from the date on which such Rent was due up to the date that such Rent is paid. The payment of such Late Charge or such interest shall not constitute waiver of, nor excuse or cure, any default under this Lease, nor prevent Landlord from exercising any other rights and remedies available to Landlord. Without limitation of the foregoing, Tenant shall be responsible for payment of all interest, late charges, and other costs and fees imposed by third parties with respect to late payments of Utilities or other third party charges that are the responsibility of Tenant hereunder.

 

	 	D.	For any non-scheduled payment of Rent hereunder that is payable by Tenant on demand by Landlord, such shall be due ten (10) days following written demand therefor by Landlord, without abatement, deduction, or setoff under any circumstances.

 

    15

     

    

 

6.
TRUE LEASE

 

		A.	It
is the intent of Landlord and Tenant that this Lease establish a “true lease” of all parcels constituting the Property for
all purposes under the United States Bankruptcy Code and applicable state law purposes. This Lease is a “true lease”
and does not represent a financing statement, financing lease, financing agreement, device or arrangement, security interest, security
agreement, capital lease, mortgage, equitable mortgage, deed of trust, trust agreement, or other financing or trust arrangement or any
other non-lease transaction. Each of the parties (1) waives any claim or defense based upon the characterization of the Lease as anything
other than a “true lease”, (2) stipulates and agrees not to challenge, and is estopped from challenging, the validity, enforceability
or characterization of the lease of the Property under the Lease as a “true lease,” (3) stipulates and agrees, and is estopped
from challenging, that nothing contained in the Lease creates or is intended to create a joint venture, partnership, equitable mortgage,
trust, financing device or arrangement, security interest or the like and (4) shall support the intent of the parties that the lease
of the Property pursuant to this Lease is a “true lease” and does not create a joint venture, partnership, equitable mortgage,
trust, financing device or arrangement, security interest or the like, if, and to the extent that, any challenge occurs. The Lease may
not be construed in any manner to create any relationship between the parties other than a landlord-tenant relationship. For U.S. federal
income tax purposes (and applicable state and local tax purposes), Landlord and Tenant intend to treat this Lease as a loan secured by
a mortgage on real property or interests in real property.

 

7.
NET LEASE.

 

	 	A.	Landlord
    and Tenant acknowledge and agree that (i) this Lease is, and is intended to be, what is commonly referred to as a “net, net,
    net” or “triple net” lease, and (ii) the Rent shall be paid absolutely net to Landlord, so that this Lease shall
    yield to Landlord the full amount or benefit of the installments of Base Rent, Real Estate Taxes and all other Rent throughout the
    Term with respect to the entire Premises, all as more fully set forth in Section 5. All of the costs, expenses,
    responsibilities and obligations of every kind and nature whatsoever foreseen and unforeseen relating to the condition, use,
    operation, management, maintenance, repair, restoration and replacement of the Premises and all improvements and appurtenances
    related thereto or any part thereof shall be performed and paid by Tenant (including, without limitation, all charges under any
    reciprocal easement agreements, Tax Increment Financing documents, and the like), and Landlord shall have no responsibility or
    liability therefor. Tenant covenants to pay Base Rent, Real Estate Taxes and all other Rent hereunder are independent covenants, and
    Tenant shall have no right to hold back, offset, deduct, credit against or fail to pay in full any such amounts for claimed or
    actual default or breach by Landlord of whatsoever nature, for force majeure or for any other reason whatsoever. For the avoidance
    of doubt, Tenant shall not have, and hereby expressly and absolutely waives, relinquishes, and covenants not to assert, accept or
    take advantage of, any right to deposit or pay with or into any court or other third-party escrow, depository account or tenant
    account with respect to any disputed Rent, or any Rent pending resolution of any other dispute or controversy
with Landlord. Tenant hereby expressly waives any and all defenses it may have at law or in equity to payment of Rent, including, without
limitation, based on any theories of frustration of purpose, impossibility, or otherwise.

 

    16

     

    

 

	 	B.	Landlord is the owner of the Property. In furtherance of the foregoing, Landlord and Tenant intend that:

 

	 	1.	This Lease is intended to be a “true lease” and an “operating lease” and not a financing lease, capital lease, mortgage, equitable mortgage, deed of trust, trust agreement, security agreement or other financing or trust arrangement, and the economic realities of this Lease are those of a true lease. The business relationship created by this Lease and any related documents is solely that of a long term commercial lease between Landlord and Tenant, and none of the agreements contained herein is intended, or shall be deemed or construed, to create a partnership (de facto or de jure) between Landlord and Tenant, to make them joint venturers, to make Tenant an agent, legal representative, partner, subsidiary or employee of Landlord, or to make Landlord in any way responsible for the debts, obligations or losses of Tenant.

 

	 	2.	Landlord and Tenant acknowledge and agree that the Term, including any term extensions provided for in this Lease, is less than the remaining economic life of the Premises.

 

8.
REAL ESTATE TAXES.

 

		A.	During
the Term, Tenant shall promptly pay, or cause to be paid, on a cash basis when due to the applicable taxing authority one hundred percent
(100%) of all Taxes, including: (1) ad valorem, sales, use, Admissions, lodging, rent, gross receipts, and commercial activity taxes
(including, without limitation, the Ohio Commercial Activity Tax (CAT)), or similar taxes, including tax increases and re-assessments;
(2) statutory service payments, minimum service payments, payments in lieu of taxes and other charges pursuant to any statutory service
agreement, TIF declaration, payment-in-lieu-of-taxes agreement or the like; (3) school district compensation payments in lieu of real
property taxes; (4) general, special and supplemental assessments, including without limitation assessments to support PACE financing
and for public improvements or benefits, whether or not commenced or completed prior to the date hereof and whether or not to be completed
within the Term, and including assessments under Encumbrances; (5) conveyance and transfer taxes; (6) water, sewer and other utility
levies and charges; excise tax levies; (7) fees, including license, permit, inspection, authorization and similar fees; and all other
governmental and other charges, in each case whether general or special, ordinary or extraordinary, or foreseen or unforeseen, of every
character and any kind and nature whatsoever in respect of the Premises (including, without limitation, any Building and/or Property)
and/or the Rent; (8) all interest and penalties related to the foregoing items attributable to any failure in payment of said items by
Tenant which at any time prior to, during or in respect of the Term hereof may be assessed, levied, agreed to or imposed on or in respect
of or be a lien upon (i) the Premises or any part thereof or any appurtenance thereto, (ii) any Rent reserved or payable hereunder or
any other sums payable by Tenant hereunder, (iii) this Lease or the leasehold estate hereby created or the operation, possession, occupancy
or use of the Premises or any part thereof, (iv) any occupancy, operation, use or possession of, or sales from or activity conducted
on or in connection with the Premises or the leasing or use of the Premises or any part thereof, or (v) any document to which Tenant
is a party creating or transferring an interest or estate in the Premises, together with any interest or penalties thereon (the foregoing
items, individually and collectively are for purposes of this Lease “Real Estate Taxes”). Tenant shall make such payments
directly to the taxing authorities and shall promptly furnish to Landlord copies of official receipts or other satisfactory proof evidencing
such direct payments. Tenant’s obligation to pay Real Estate Taxes shall be absolutely fixed upon the date such Real Estate Taxes
become a lien upon the Premises or any part thereof, subject to Section 8.C. Tenant shall also be responsible for all Real Estate
Taxes which, on the Commencement Date, are a lien upon the Premises or any part thereof.

 

    17

     

    

 

	 	B.	Tenant shall pay the Real Estate Taxes prior to when due. Tenant shall provide Landlord with reasonable evidence that such Real Estate Taxes have been paid. If Tenant shall default in the payment of any Real Estate Taxes, Landlord shall have the right (but not the obligation) to pay the same together with any penalties and interest, in which event the amount so paid by Landlord shall be paid by Tenant to Landlord upon demand with interest thereon at the Default Rate. Tenant may pay any Real Estate Taxes in installments, if payment may be so made without penalty, fine, premium or interest, except that on the termination of this Lease any Real Estate Taxes which Tenant has elected to pay in installments shall be apportioned between Landlord and Tenant based on the time remaining in the Term. All Real Estate Taxes for the tax year in which this Lease shall terminate shall be apportioned between Landlord and Tenant on a cash basis.

 

		C.	Tenant
shall have the right, before delinquency occurs, of protesting, contesting, objecting to or opposing, at Tenant’s sole cost and
expense, by appropriate legal proceedings conducted in good faith and with due diligence, the legality or amount of any such Real Estate
Taxes, assessments or assessed valuations in its own or in Landlord’s name as the case may be, and upon Tenant’s written
request, Landlord will, at no cost or expense to Landlord, reasonably cooperate with Tenant; provided, however, that (i) in the case
of any unpaid Real Estate Taxes, lien, attachment, levy, encumbrance, charge or claim pursuant to any Law, the commencement and continuation
of such proceedings shall suspend the collection or enforcement thereof from or against Landlord and the Premises, which suspension may
be caused by the payment by Tenant of a bond or some other form of security for payment; (ii) neither the Premises, the Rent therefrom
nor any part or interest in either thereof would be in any danger of being sold, forfeited, attached or lost pending the outcome of such
proceedings solely based on the outcome of the proceeding and not if Tenant has the right to make a curative payment following the outcome
of the proceeding to avoid any of the foregoing consequences; (iii) in the case of any requirement of Law, neither Landlord nor Tenant
would be in any danger of civil or criminal liability for failure to comply therewith pending the outcome of such proceedings; (iv) the
insurance coverage required by Section 16 shall be maintained; (v) Tenant shall keep Landlord reasonably informed as to the status
of and with copies of all documents in the proceedings, upon request by Landlord; (vi) if such contest shall be finally resolved against
Landlord or Tenant, Tenant shall promptly pay the amount required to be paid, together with all interest and penalties accrued thereon,
or comply with the applicable requirement of law or insurance requirements of Section 16, and (vii) Tenant shall fund without
reimbursement from Landlord any bond, deposit or such other security required by a taxing authority, Landlord Mortgagee, or other party
in connection with any protest or contest contemplated by this Section 8. Landlord shall execute and deliver to Tenant such authorizations
and other documents as may reasonably be required in any such contest, provided Tenant shall reimburse Landlord for its actual out-of-pocket
costs associated with such execution, and, if reasonably requested by Tenant, Landlord shall join as a party therein (and at no cost
or expense to Landlord). The provisions of this Section 8.C shall not be construed to permit Tenant to contest the payment of
Rent or any other amount payable by Tenant to Landlord hereunder. Without limiting any other provision of this Lease, Tenant shall indemnify,
defend, protect and save harmless Landlord and all Landlord Indemnified Parties and the Premises from and against any and all liability,
costs, fees, damages, expenses, penalties, fines and charges of any kind (including reasonable attorneys’ fees, including those
incurred in the enforcement of this indemnity) that may be imposed upon Landlord or the Premises or any portion thereof in connection
with any such contest and any loss resulting therefrom. Any refund due from any taxing authority in respect of any Real Estate Taxes
paid by or on behalf of Tenant shall be paid over to or retained by Tenant.

 

    18

     

    

 

		D.	Tenant
will indemnify Landlord and/or any Landlord Indemnified Parties, on an after-tax basis, against any fees or taxes, including, but not
limited to, Real Estate Taxes and any fees or taxes directly attributable to the Premises on a site level basis, including, without limitation,
the Ohio Commercial Activity Tax (CAT) (“Taxes”) imposed by the United States or any taxing jurisdiction or authority
of or in the United States or any state in connection with this Lease, Landlord’s ownership of the Property and/or Tenant’s
use of the Premises.

 

	 	E.	Landlord and Tenant shall, upon request of the other, promptly provide such data as is maintained by the party to whom the request is made with respect to the Premises as may be necessary to prepare any required tax returns and reports required by a governmental authority.

 

9.
PERSONAL PROPERTY TAXES.

 

Tenant shall be liable for
and shall promptly pay when due all personal property taxes related to Personal Property and Tenant’s Personal Property placed in
the Premises. Tenant may, without Landlord’s consent, before delinquency occurs, contest any such taxes related to the Personal
Property.

 

10.
OPERATING EXPENSES.

 

	 	A.	Utilities. During the Term, Tenant agrees to pay all fees, costs, expenses and charges for electricity, power, gas, oil, water, sanitary and storm sewer, septic system refuse collection, landscaping, telephone, internet, trash removal, security, and other utilities and services consumed, rendered or used on or about the Premises (or any portion thereof) and such utility franchises as may be appurtenant to the use of the Premises (or any portion thereof) (collectively, “Utility Charges”). Landlord acknowledges and agrees that Tenant may enter into contracts for any of the foregoing services or the like without Landlord’s prior consent during the Term; provided, that any such contract shall be terminable by Tenant (or Landlord following termination of this Lease in accordance with its terms) at or prior to the expiration or sooner termination of the Lease. Any resulting termination premium, fee or penalty shall be the sole responsibility of Tenant.

 

	 	B.	Third Party Management. Tenant shall have the right to manage and operate the Premises (or any portion thereof) utilizing third parties for the management and operation thereof, without obtaining Landlord’s prior written consent of such third party; provided, that any such contract shall be terminable by Tenant (or Landlord following termination of this Lease in accordance with its terms) at or prior to the expiration or sooner termination of the Lease or upon no more than thirty (30) days’ prior notice to the third- party manager. Any resulting termination premium, fee or penalty shall be the sole responsibility of Tenant. Notwithstanding the appointment of any third-party manager, Tenant shall remain fully responsible for the Premises in accordance with the terms hereof.

 

    19

     

    

 

11.
TENANT’S REPAIR AND MAINTENANCE RESPONSIBILITIES.

 

		A.	Throughout
the Term, Tenant, at its sole cost and expense and subject to Tenant’s right to make Alterations in accordance with this Lease,
will keep the Premises in good condition and repair and in no event in less good condition as generally exists throughout the remainder
of the HOFV Complex and in accordance with the terms of this Lease (reasonable wear and tear, damage from fire or other casualty excepted),
whether or not the need for such repairs occurs as a result of Tenant’s use, the elements, or the age of the applicable Building,
the applicable Property or Tenant’s Personal Property, or otherwise, and will commit or allow no physical waste with respect thereto,
and with reasonable promptness, will make all necessary and appropriate repairs and replacements thereto of every kind and nature, including
without limitation those necessary to ensure continuing compliance with all Laws and insurance requirements, whether interior or exterior,
structural or nonstructural, ordinary or extraordinary, foreseen or unforeseen. Tenant’s maintenance, repair and replacement obligations
shall extend to and include, without limitation, all systems serving the Premises and, subject to any Permitted Encumbrances, any Parking
Areas and landscaping on the Property. The necessity for and adequacy of repairs to any Building or other improvements forming a part
of the Premises shall be measured by the standard which is appropriate for and equivalent in quality to such Building’s Comparable
Buildings. Tenant’s obligations under this Section 11 shall, without limitation, include the maintenance, repair and replacement
(a) at all times, of any and all building systems, machinery and equipment which exclusively serve the Premises, and (b) the bearing
walls, floors, foundations, roofs and all structural elements of the Premises. Tenant will not take or omit to take any action the taking
or omission of which would reasonably be expected to (i) create (or permit to continue) any dangerous condition, or (ii) create (or permit
to continue) any condition which might reasonably be expected to involve any loss, damage or injury to any person or property. All repairs
and replacements shall be in quality and class at least equal to the original work and shall be made promptly as and when necessary.
Any repairs and replacements called for as a result of fire and/or other casualty and condemnation shall be made pursuant to the provisions
of Sections 19 and 20 hereof, respectively. In connection with the foregoing, Tenant’s obligations shall include without
limitation with respect to the Premises, to the extent applicable:

 

	 	1.	Maintaining, repairing, and replacing, as necessary, the roof of the Buildings on the Property;

 

	 	2.	Maintaining and repairing the bearing walls, floors, foundations, and all structural elements of the Buildings on the Property;

 

	 	3.	Maintaining (including periodic window washing and periodic painting) and repairing the facade and exterior walls of the Buildings on the Property;

 

	 	4.	Repairing and replacing, as necessary, the doors (including, without limitation, any overhead doors) and windows of the Buildings on the Property, and the mechanisms therefor;

 

    20

     

    

 

	 	5.	Causing the regular removal of garbage and refuse from the Premises;

 

	 	6.	Causing the regular spraying for and control of insect, rodent, animal and pest infestation, and maintaining in good working order and condition all doors (both swinging and roll-up doors), including, without limitation, all weather seals;

 

	 	7.	Servicing, maintaining, repairing and replacing all systems and equipment serving the Premises, including, without limitation, heating, ventilation, and air-conditioning equipment, and generators;

 

	 	8.	Regular sweeping, cleaning and removal of trash, debris, other materials and stains from the Premises and from the immediately adjacent sidewalks, service drives and loading or delivery areas, if any, of such Premises, as necessary to keep the same clean and in good order and condition;

 

	 	9.	Regular sweeping, cleaning and washing of the interior of the Buildings, including, without limitation, floors, windows and fixtures, and periodic washing and painting of interior walls;

 

	 	10.	Repairing broken, damaged or leaking walls, bathrooms, ceilings, or fixtures and equipment in the interior of the Buildings, including, without limitation, plate glass windows, windows, floors and lighting fixtures; and

 

	 	11.	Irrigating and performing all gardening and landscaping of all lawns, trees, shrubs and plantings comprising part of the Premises.

 

		B.	Landlord
shall not be required to furnish any services or facilities or make any repairs or alterations in or to the Premises, and Landlord shall
not under any circumstances be required to (i) build or rebuild any improvements on the Premises; (ii) make any repairs, replacements,
alterations, restorations or renewals of any nature to the Premises, whether ordinary or extraordinary, structural or non-structural,
foreseen or unforeseen, or to make any expenditure whatsoever with respect thereto; or (iii) maintain the Premises (including any parking
or common areas which comprise part of the Premises) in any way. Tenant hereby expressly and unconditionally waives, to the fullest extent
now or hereafter permitted by Law, the right to make repairs or perform any maintenance at the expense of Landlord which right may be
provided for in any Law in effect at the time of the execution and delivery of this Lease or which may hereafter be enacted. Tenant hereby
assumes the full and sole responsibility for the condition, operation, repair, replacement, maintenance and management of the Premises.
However, on default of Tenant beyond the expiration of any applicable notice and cure periods in making such repairs or replacements,
Landlord may, but shall not be required to, make such repairs and replacements for Tenant’s account and the expense thereof shall
be paid by Tenant to Landlord upon demand with interest at the Default Rate.

 

    21

     

    

 

		C.	Except
as expressly set forth herein, nothing contained in this Lease and no action or inaction by Landlord shall be construed as (i) constituting
the consent or request of Landlord, expressed or implied, to any contractor, subcontractor, laborer, materialman or vendor to or for
the performance of any labor or services or the furnishing of any materials or other property for the construction, alteration, addition,
repair or demolition or maintenance of or to the Premises or any part thereof or any improvements thereto; or (ii) giving Tenant any
right, power or permission to contract for or permit the performance of any labor or services or the furnishing of any materials or other
property in such fashion as would permit the making of any claim against Landlord in respect thereof.

 

12.
COMPLIANCE WITH LAWS.

 

Tenant shall, at its sole
cost and expense, use and maintain the Premises in compliance with all Laws, and Tenant shall, at its sole cost and expense, comply with
all Laws applicable to or having jurisdiction over the use, occupancy, operation, and maintenance of the Premises, including without limitation,
all Environmental Laws, the ADA and other access laws and those which require the making of any structural, unforeseen or extraordinary
changes and including those which involve a change of policy on the part of the governmental body enacting the same. Tenant shall, at
its sole cost and expense, comply with all Encumbrances affecting the Premises or any portion thereof (other than Landlord’s obligations
to pay debt service to any Landlord Mortgagee under any Landlord Mortgage and any Encumbrances caused by Landlord without Tenant’s
consent (not to be unreasonably withheld) that would not otherwise be payable by Tenant hereunder). Tenant, at its sole expense, shall
comply with the requirements of policies of special form insurance coverage at any time in force with respect to the Premises as required
pursuant to Section 16 hereof and with the provisions of all contracts, agreements and restrictions affecting the Premises or any
part thereof in effect as of the date hereof or the ownership, occupancy or use thereof. Without diminishing the obligations of Tenant,
if Tenant shall at any time fail to comply as promptly as reasonably practicable with any Law applicable to the Premises, or the use and
occupation thereof, Landlord may cause the Premises to so comply and the reasonable costs and expenses of Landlord in such compliance
shall be paid by Tenant to Landlord upon demand with interest thereon at the Default Rate.

 

13.
SURRENDER OF PREMISES.

 

Upon the expiration of this
Lease pursuant to its terms (or, in the event of a termination of this Lease on a date other than the scheduled Expiration Date of this
Lease, as promptly as commercially practicable thereafter (but in any event within ten (10) days thereafter)), Tenant shall surrender
to Landlord the Premises, including all Alterations constructed by Tenant therein that Landlord has not requested that Tenant remove
in accordance with Section 14 below, with all fixtures appurtenant thereto (but not including furnishings, trade fixtures, furniture,
computers, telephone systems, machinery, equipment and other Personal Property installed or placed on the Premises by Tenant or any tenant
or subtenant of Tenant, all of the foregoing used in or related to Tenant’s business, but not for the operation of the Buildings
or the Premises (collectively, “Tenant’s Personal Property”)), free and clear of any occupants or tenancies
(including subtenancies) (other than subtenants under subleases as in effect on the date hereof or entered into in accordance herewith)
and in compliance with Laws (including, without limitation, Environmental Laws) and in as good (or better) condition and repair as exists
upon the final completion of the Construction Work in accordance with the terms of this Lease, reasonable wear and tear and damage from
fire or other casualty excepted, and any new buildings, alterations, improvements, replacements or additions constructed by Tenant and
remaining at the Premises, in the same or better condition as when completed, reasonable wear and tear and damage from fire or other
casualty excepted. Without limitation to the foregoing, at Landlord’s request, if Landlord has reasonable grounds to believe that
a violation of Environmental Laws or a Release or threatened Release of Hazardous Materials has occurred at or affecting the Premises,
Tenant shall commission and provide to Landlord, or Landlord may commission, in each event, at Tenant’s sole cost and expense,
a Phase I site assessment or compliance review, and, if warranted based on the findings of such assessment or review, a Phase II site
assessment of the Premises, each of the foregoing at Tenant’s sole cost and expense, for purposes of confirming the environmental
condition of the Premises and Tenant’s compliance with the terms of the Lease with respect to environmental matters. Any of Tenant’s
Personal Property installed or placed on the Premises by Tenant or any subtenant or assignee of Tenant, if not removed within ten (10)
days after termination or expiration of this Lease shall be deemed abandoned and become the property of Landlord without any payment
or offset therefor if Landlord so elects. If Landlord shall not so elect, Landlord may remove such property from the Premises and have
it stored at Tenant’s risk and expense. Tenant shall repair and restore and save Landlord harmless from all damage to the Premises
caused by such removal by Landlord.

 

    22

     

    

 

14.
ALTERATIONS.

 

		A.	So
long as no Event of Default has occurred and is continuing, Tenant shall be permitted to make any alterations, renovations, additions
or improvements to the Premises or any portion thereof (including the construction of new buildings or improvements), or to demolish,
remove, reconfigure, or rebuild (in the same or another location on the Property) any of the existing Buildings or other improvements
located on the Property (provided that buildings or improvements replacing the demolished or removed Buildings or improvements are of
similar or better construction than what is being replaced or removed) as Tenant may reasonably determine from time-to-time (“Alterations”)
without requiring the consent of Landlord, provided, however, that Tenant shall provide Landlord with prior written notice accompanied
with (1) full and complete drawings and Plans for the proposed Tenant’s Work prepared by the Architect or engineer; and (2) notice
of whether the Tenant’s Work will involve or affect Hazardous Materials. Notwithstanding the foregoing, Tenant may not make any
Alterations that diminish the value of the Property. For any Alterations that require Landlord’s consent, Tenant shall reimburse
Landlord upon demand for any reasonable out-of-pocket costs, including, without limitation, attorney’s fees and engineering advisor’s
fees, related to Landlord’s review of any Tenant’s Work requested by Tenant.

 

	 	B.	All Tenant’s Work shall be constructed by Tenant, without expense to Landlord, in a good, professional and workmanlike manner so as not to void or make voidable any roof or other warranties, employing materials of good quality, free of material defects, and in compliance with all Laws, all applicable Encumbrances, and all regulations and orders, rules and regulations of the Board of Fire Insurance Underwriters or any other body exercising similar functions, and in compliance with the terms and conditions of this Lease. Tenant shall, at all times, keep or cause to be kept the Premises and the surrounding area free from accumulations of waste materials and/or rubbish caused by it or its contractors’ employees or workers. Tenant and/or its contractors shall provide dumpsters and maintenance of said dumpsters during the construction period in a secure, neat and orderly condition and shall remove and empty the same on a regular basis to avoid unsightly, obstructive or hazardous accumulations or conditions.

 

		C.	Prior
to the commencement of construction of any Tenant’s Work costing more than $1,000,000, Tenant shall deliver to Landlord certificates
evidencing the existence of (a) statutory workmen’s compensation insurance with coverage limits not less than statutory limits
covering all persons employed for such work. If location is located within a monopolistic worker’s compensation state, worker’s
compensation coverage must be maintained by the State Worker’s Compensation Fund with an endorsement for Stop-Gap Employer’s
Liability. All worker’s compensation policies will include a waiver of subrogation in favor of the Landlord, its designees and
Tenant; (b) commercial general liability insurance with minimum limits of $1,000,000 per occurrence and $2,000,000 general aggregate,
for ongoing and completed operations insuring against bodily injury and property damage and naming Landlord, its designees and Tenant
as additional insured parties, (c) umbrella or excess liability with minimum limits of $5,000,000 each occurrence and general aggregate
naming Landlord, its designees and Tenant as additional insured parties and (d) all-risk property coverage, either under its own property
policy or a separate builder’s risk policy for full replacement value of such Alterations on a completed value form including permission
to occupy, covering all physical loss or damages in an amount in an amount no less than the full replacement value of the Tenant’s
Work in question.

 

    23

     

    

 

		D.	Promptly
upon the completion of construction of any Alteration costing more than $1,000,000 and that is permanently affixed to the Premises and
alters the existing footprint or elevation of a Building (and, in all events, promptly after the completion of the water park to be constructed
by Tenant at the Property), Tenant shall deliver to Landlord one complete set of “as built” drawings thereof (and if the
Tenant’s Work involves any change to the footprint of the applicable Building or the erection of a new building, an ALTA
survey for the Premises certified to Landlord and any Landlord Mortgagee (to the extent obtained by Tenant)). Not later than ninety (90)
days after the Final Completion of the applicable Tenant’s Work (and, in all events, promptly after the completion of the water
park to be constructed by Tenant at the Property), Tenant shall deliver or cause to be delivered to Landlord (with a copy to Landlord’s
consultant) each of the following (1) a certificate addressed to Landlord, signed by a duly authorized officer of Tenant and the applicable
Architect or General Contractor (but only if such General Contractor is a design-builder for the applicable Tenant’s Work), stating
that the Tenant’s Work (and any equipment therein) including all “punch list” items have been completed and installed
in accordance with the applicable Plans therefor; (2) a complete release of liens for the Premises signed by the General Contractor and
all subcontractors of the Tenant’s Work and Tenant shall, if a release is not obtainable, in lieu of such release cause such lien
to be removed of record by bond or otherwise so that such lienor has no recourse for recovery from or collection out of the Premises;
(3) evidence of receipt of a certificate of occupancy, if available, or comparable instruments, by all governmental authorities whose
approval is required of the applicable completed Tenant’s Work for the occupancy thereof and the intended uses thereof; (4) if
applicable, a volume containing all warranties and indemnities from the applicable General Contractor or manufacturer for the applicable
Tenant’s Work or equipment therein (excepting therefrom any of Tenant’s Personal Property), each of which shall be enforceable
by Landlord and all in customary form for the jurisdiction in which the Premises is situated; and (5) a title commitment dated no earlier
than the date that is thirty (30) days after Final Completion and which title commitment shall not disclose any mechanics’ liens
affecting the Property, except that with respect to any bona fide dispute with the applicable General Contractor or any such subcontractor
that has resulted in a lien, Tenant shall, if a release is not obtainable, in lieu of such release cause such lien to be removed of record
by bond or otherwise so that such lienor has no recourse for recovery from or collection out of the Premises.

 

		E.	Tenant
hereby agrees to indemnify, save harmless, pay, protect and defend Landlord from and against any and all liabilities, losses, damages,
penalties, costs, expenses (including Landlord’s reasonable counsel fees and costs of suit), causes of action, suits, claims, demands
or judgments of any nature whatsoever under this Lease or Landlord’s ownership of the Premises arising from or in connection with
(a) any General Construction Contract, if any, and any and all construction contracts or architect’s agreement or resulting from
the failure of Tenant to discharge Tenant’s obligations thereunder or resulting from the failure of Tenant to perform its obligations
under this Lease with respect to any instance of any Tenant’s Work, and (b) construction and completion of any Tenant’s Work,
whether by reason of any act or omission of Tenant, the General Contractor, Architect or by any other contractor, subcontractor or by
anyone directly or indirectly employed by any of them, or by anyone for whose acts any of them may be liable.

 

    24

     

    

 

	 	F.	All Tenant’s Work, whether temporary or permanent in character, made in or upon the Premises by Tenant (or its subtenants) shall be Tenant’s (or its subtenants’) property during the term of this Lease and will automatically become the property of Landlord upon expiration or termination of this Lease; provided, however, that Tenant shall promptly deliver any and all conveyance instruments necessary by applicable law or reasonably requested by Landlord to further effect the same.

 

	 	G.	Notwithstanding anything to the contrary herein, Tenant shall achieve Substantial Completion (as hereinafter defined) of the construction of the water park buildings, improvements, and related appurtenances (the “New Improvements”) in accordance with plans and specifications and a budget that is reasonably acceptable to Landlord (the “Water Park Construction Documents”) on or before December 31, 2023, and Tenant shall thereafter fully complete such construction as soon as possible using all commercially reasonable efforts. “Substantial Completion” shall mean the point in time when the progress of the construction of the New Improvements is sufficiently complete and functional in accordance with the Water Park Construction Documents such that the Property (as improved with such New Improvements) is ready to be utilized for its intended purpose, and Tenant has received (i) a certificate of occupancy or a temporary certificate of occupancy or other approval from governmental authorities responsible for permitting occupancy, and (ii) a standard AIA certificate issued by the Architect of the New Improvements for the benefit of Landlord and Tenant. Tenant shall keep Landlord reasonably apprised of the preparation of the Water Park Construction Documents and, upon finalization thereof, shall submit the same to Landlord for Landlord’s reasonable approval.

 

15.
ENTRY BY LANDLORD.

 

Landlord or
Landlord’s Representatives shall have the right to enter, from time to time and upon not less than twenty-four (24)
hours’ prior notice, the Premises or any portion thereof during normal business hours (or at such other times as approved by
Tenant in advance, which approval shall not be unreasonably withheld or delayed, or as may be reasonably necessary in emergency
situations) to (i) inspect the Premises, (ii) exercise its rights and/or obligations under this Lease, or (iii) show the Premises to
prospective purchasers, lenders or prospective tenants (but, solely with respect to the Buildings, only during the last two (2)
years of the Term with respect to prospective tenants); and Tenant shall not be entitled to any abatement or reduction of Base Rent
by reason thereof, nor shall such entry or action by Landlord constitute an actual or constructive eviction or repossession, without
Landlord’s express intention to do so as expressed in writing. No such entry shall be deemed an eviction of Tenant. At any
time during which Landlord or Landlord’s Representatives are on the Premises, they shall use commercially reasonable efforts
to not unreasonably interrupt or interfere with Tenant’s or any subtenant’s use of the Premises and shall not cause any
damage or injury to persons or property on the Premises or violate the reasonable terms of any sublease of which Landlord is made
aware.

 

    25

     

    

 

16.
TENANT’S INSURANCE OBLIGATIONS.

 

		A.	During
the Term, Tenant shall provide and maintain property insurance on the Building and other improvements on the Premises on an all-risk
basis against physical loss or damage by fire and all other risks and perils, including but not limited to, flood, earthquake, and windstorm,
in amounts no less than the full replacement cost, excluding excavations, footings and foundations, and with a deductible no greater
than One Hundred Thousand and No/100 Dollars ($100,000), which deductible amount shall be subject to increase from time-to-time to reflect
the usual and customary deductible amount for similar entertainment properties in the Midwest United States. Such insurance shall be
on terms (i) that have an agreed amount endorsement or with no co-insurance provisions; and (ii) with no exclusions for vandalism, malicious
mischief, sprinkler leakage or terrorism. Boiler and Machinery Coverage shall be procured either by endorsement to the property policy
or under a separate placement in an amount no less than one hundred percent (100%) of the replacement cost or as otherwise approved in
writing by Landlord. The property insurance required hereunder shall (a)  cover loss sustained when access to all or a portion
of a Building is prevented due to an insured peril at a location in the vicinity of the Premises; (b)  cover loss sustained due
to the action of a public authority preventing access to a Building provided such order is the direct result of physical damage of the
type insured against at such Building or within 1,000 feet of it; (c) insure loss caused by damage or mechanical breakdown; (d) provide
an ordinance or law extension with the undamaged portion of the building included up to the building limit and at least a limit equal
to 20% of the building limit for demolition and increased cost of construction; (e) cover loss sustained due to the accidental interruption
or failure of supplies of electricity, gas, sewers, water or telecommunication up to the terminal point of the utility supplier with
the Premises; and (f) contain an endorsement providing coverage for cleanup of sudden and accidental pollution releases, with a sub-limit
of at least One Hundred Thousand and No/100 Dollars ($100,000). In addition to the foregoing coverages on each Building and other improvements
upon the Premises, Tenant shall maintain property insurance covering Tenant’s machinery, equipment, furniture, fixtures, and all
other Tenant’s Personal Property at a limit of liability determined by Tenant in its sole discretion. During the period of any
restoration and repair of the Premises or any portion thereof, Tenant shall maintain an “all-risk” property policy or an
“all-risk” Builder’s Risk policy on a completed value basis for the full replacement cost of the property being repaired
and restored, if and when there is a structural restoration and/or major repair required at any Building. To the extent any portion of
the Premises is located within a Special Flood Hazard Area, Tenant shall maintain NFIP flood insurance for the Premises.

 

    26

     

    

 

	 	B.	During the Term, Tenant shall also provide and maintain the following insurance at the terms and in the limits specified below for the Premises:

 

	 	1.	Commercial General Liability Insurance against claims for third party Bodily Injury, Personal/Advertising Injury, Property Damage, and Products/Completed Operations Liability. Such insurance shall be written on an occurrence basis and such coverage shall include, but not be limited to, assumed contractual liability for the performance by Tenant of the indemnity agreements set forth in this Lease to which this insurance applies, and separation of insureds. Limits shall be no less than One Million and No/100 Dollars ($1,000,000) per occurrence and Two Million and No/100 Dollars ($2,000,000) general aggregate with no retention or self-insurance provision unless otherwise agreed to in writing in advance by the Landlord. Tenant shall cause Landlord and its lenders or other designees to be named as additional insureds under such insurance.

 

	 	2.	Workers Compensation and Employer’s Liability Insurance insuring against and satisfying Tenant’s obligations and liabilities under the workers compensation laws of the jurisdiction in which the Premises are located, with Employers Liability minimum limits per insured of One Million and No/100 Dollars ($1,000,000) Bodily Injury each accident; One Million and No/100 Dollars ($1,000,000) Bodily Injury by disease, each employee; and One Million and No/100 Dollars ($1,000,000) Bodily Injury by disease policy limit. Policies shall include Voluntary Coverage. The tenant’s worker’s compensation policy shall include a waiver of subrogation in favor of the Landlord and its lenders or other designees.

 

	 	3.	Automobile Liability Insurance for liability arising out of claims for bodily injury and property damage arising from owned (if any), leased (if any), non-owned and hired vehicles used in the performance of the business upon the Premises, with a combined single limit of One Million and No/100 Dollars ($1,000,000) combined single limit per accident for bodily injury and property damage and containing appropriate no-fault insurance provisions wherever applicable.

 

		4.	Umbrella
or Excess Liability Insurance written on an occurrence basis and covering claims in excess of the underlying insurance described in the
foregoing subsections (1), (2) and (3) above, with (i)      before the construction of the water park
at the property is substantially completed, a Twenty Five Million and No/100 Dollars ($25,000,000) minimum limit per occurrence, (b)
after the construction of the water park at the Property is substantially completed, a Fifty Million and No/100 Dollars ($50,000,000)
minimum limit per occurrence. Such insurance shall contain a provision that it will drop down as primary and noncontributory insurance
in the event that the underlying insurance policy aggregate is exhausted.

 

    27

     

    

 

	 	5.	As and to the extent Tenant engages in:

 

(i)  the sale of alcoholic
beverages upon the Premises, liquor liability insurance with a minimum limit of One Million and No/100 Dollars ($1,000,000), with Landlord
and its lenders or other designees endorsed as an additional insured; and/or

 

(ii)  the sale or use of gasoline or other
petroleum products upon the Premises, Tenant shall procure pollution legal liability insurance covering each location with a retroactive
date corresponding to the first occupation by Tenant and an extended reporting period of not less than three (3) years, with a minimum
limit of One Million and No/100 Dollars ($1,000,000) with a deductible not greater than Twenty-five Thousand and No/100 Dollars ($25,000)
for each incident which coverage shall be primary and non-contributory and should also include coverage for any underground storage tanks
located on the Premises.

 

		6.	Business
interruption insurance insuring that the Base Rent will be paid to Landlord for a minimum of twenty-four (24) months if the Premises
is destroyed or rendered untenantable by any cause insured against (it being understood that the existence of such insurance does not
reduce Tenant’s obligation to pay Base Rent without diminution). Business Income policy will be endorsed to include Landlord as
a Loss Payee.

 

		C.	The
required limits and coverages of all insurance set forth in Sections 16.A and 16.B above (including all deducible amounts) shall
be reasonably adjusted by Landlord from time to time (but not more frequently than once every five (5) years) in conformity with the
then prevailing custom of insuring liability in Comparable Buildings.

 

		D.	Tenant
shall also cause all such property policies to permit Tenant’s waiver of claims against Landlord under Section 18 for matters
covered thereby. Tenant shall cause Landlord, and Landlord’s designees and lenders to be named as an Additional Insured, as their
interests may appear, under all property insurance policies and shall cause the coverage to continue for Landlord’s benefit notwithstanding
any act or omission on Tenant’s part. By this Section 16, Tenant intends that the risk of loss or damage to the Premises
and all property thereon, including Personal Property and Tenant’s Personal Property described above, be borne by responsible property
insurance carriers and Tenant hereby agrees to look solely to, and to seek recovery only from, its respective property insurance carriers,
in the event of a loss of a type described above to the extent that such coverage is agreed to be provided hereunder. For this purpose,
any applicable deductible shall be treated as though it were recoverable under such policies.

 

    28

     

    

 

		E.	All
insurance required to be maintained by Tenant pursuant to Section 16.A and 16.B must be maintained with insurers authorized to
do business in the jurisdiction in which the Premises is located and which have an A.M. Best Company Rating of at least A/VIII or Standard
and Poor’s Rating of at least A. Tenant shall provide to Landlord, and at each renewal of expiring policies, such certificates
as may be reasonably required to establish that the insurance coverage required by this Section 16 is in effect from time to time
and that, to the extent commercially available, the insurer(s) have agreed to give Landlord and Landlord Mortgagees at least thirty (30)
days’ notice prior to any non-renewal or cancellation of, or material modification to, the required coverages. Landlord and Tenant
shall cooperate with each other in the collection of any insurance proceeds which may be payable in the event of any loss, including
the execution and delivery of any proof of loss or other actions required to effect recovery. Tenant shall cause all liability and property
policies maintained by Tenant to be written as primary policies, not contributing with and not supplemental or excess to any coverage
that Landlord or Landlord Mortgagee may carry.

 

	 	F.	If Tenant fails to obtain the insurance coverage, as set forth in this Section 16 and does not cure its failure within five (5) days after written notice from Landlord, Landlord may, at its option, obtain such insurance for Tenant, and Tenant shall, upon demand, pay, as additional Rent, the cost thereof.

 

		G.	All
policies of insurance required to be maintained pursuant to this Lease shall be endorsed, if commercially available, so that if at any
time should they be not renewed, canceled, coverage be reduced (by any party including the insured) which affects the interests of the
Landlord or Landlord Mortgagee, such non-renewal cancellation or reduction shall not be effective as to Landlord and Landlord Mortgagee
for thirty (30) days, except for non-payment of premium which shall be for ten (10) days after receipt by Landlord of written notice
from such insurer of such cancellation or reduction. In addition to the foregoing, all policies of insurance required to be maintained
pursuant to this Lease shall contain terms in accordance with Tenant’s normal business practice and reasonably acceptable to Landlord
and shall (i) contain a separation of insureds clause; (ii) name Landlord, Landlord Mortgagees, any ground lessor of the Premises and
other entities as mortgagee, additional insureds and/or loss payees, as required by contract; and (iii) be endorsed to waive any rights
of subrogation against Landlord, its lenders, and their respective officers, directors, employees, agents, partners, and assigns. All
policies of insurance required to be maintained pursuant to this Lease (other than in respect to automobile liability or workers compensation
insurance) shall insure the interests of Landlord and Tenant regardless of any breach or violation by Tenant or any other party of warranties,
declarations or conditions contained in such policies, any action or inaction of Tenant or others.

 

    29

     

    

 

	 	H.	Prior to the Commencement Date, and at least ten (10) days prior to each policy anniversary, Tenant shall furnish Landlord with certificates of insurance or binders, in a form reasonably acceptable to Landlord, evidencing all of the insurance required by the provisions of this Lease for the benefit of Landlord and required to be in force by the provisions of this Lease. Such certificates of insurance/binders shall be executed by each insurer in the case of the property policies, and in the case of liability policies, by each insurer or by an authorized representative of each insurer where it is not practical for such insurer to execute the certificate itself. Such certificates of insurance/binders shall identify underwriters, the type of insurance, the insurance limits and deductibles and the policy term and shall specifically list the special provisions enumerated for such insurance required by this Lease.

 

17.
OFAC.

 

	 	A.	Tenant has taken all reasonable measures, in accordance with all applicable Anti-Money Laundering Laws, with respect to each holder of a direct or indirect ownership interest in the Tenant, to assure that funds invested by such holders in the Tenant are derived from legal sources; provided, however, none of the foregoing shall apply to any person to the extent that such person’s interest in Tenant is in or through an entity whose stock or shares are listed and traded on any recognized stock exchange located in the United States (a “U.S. Publicly-Traded Entity”).

 

	 	B.	Tenant hereby represents and warrants that neither Tenant, nor, to the actual knowledge of Tenant, any persons or entities holding any legal or beneficial ownership interest (direct or indirect) whatsoever in Tenant (1) has been designated by the President of the United States or OFAC pursuant to the Trading with the Enemy Act, 50 U.S.C. App. § 5, the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-06, the Patriot Act, Public Law 107-56, Executive Order 13224 (September 23, 2001) or any Executive Order of the President issued pursuant to such statutes; or named on the following list that is published by OFAC: “List of Specially Designated Nationals and Blocked Persons” (collectively, “Prohibited Persons”), (2) is under investigation by any governmental authority for, or has been charged with, or convicted of, any violation of any Anti-Money Laundering Laws, or drug trafficking, terrorist-related activities or other money laundering predicated crimes or a violation of the BSA, (3) has been assessed civil penalties under these or related laws, or (4) has had any of its funds seized or forfeited in an action under these or related laws; provided, however, none of the foregoing shall apply to any person to the extent that such person’s interest is in or through a U.S. Publicly-Traded Entity.

 

    30

     

    

 

	 	C.	Tenant has taken reasonable steps, consistent with industry practice for comparable organizations and in any event as required by Law, to ensure that Tenant is and shall be in compliance with all (1) Anti-Money Laundering Laws and (2) OFAC Laws and Regulations. Tenant will not during the Term knowingly engage in any transactions or dealings, or knowingly be otherwise associated, with any Prohibited Persons in connection with the use or occupancy of the Premises.

 

	 	D.	A breach of the representations contained in this Section 17 by Tenant, which remains uncured 20 days after Tenant obtains knowledge that such representations have been breached, as a result of which Landlord suffers actual damages shall constitute an immediate Event of Default and shall entitle Landlord to any and all remedies available hereunder, or at law or in equity.

 

18.
WAIVER OF SUBROGATION.

 

Notwithstanding anything
to the contrary set forth in this Lease, to the fullest extent permitted by Law, neither Landlord nor Tenant shall be liable (by way
of subrogation or otherwise) to the other party (or to any insurance company insuring the other party) for any loss or damage to the
property of the releasing party to the extent the loss or damage is covered by property insurance carried or required by this Lease
to be carried by the releasing party EVEN THOUGH SUCH LOSS MIGHT HAVE BEEN OCCASIONED BY THE NEGLIGENCE OR WILLFUL ACTS OR
OMISSIONS OF LANDLORD OR TENANT OR THEIR RESPECTIVE EMPLOYEES, AGENTS, CONTRACTORS OR INVITEES. Landlord and Tenant shall give
each insurance company which issues policies of insurance, with respect to the items covered by this waiver, written notice of the
terms of this mutual waiver, and shall have such insurance policies properly endorsed, if necessary, to prevent the invalidation of
any of the coverage provided by such insurance policies by reason of such mutual waiver. For the purpose of the foregoing waiver,
the amount of any deductible or self-insured retention applicable to any loss or damage shall be deemed covered by, and recoverable
by the insured under the insurance policy to which such deductible or self-insured retention relates. Each party shall pay any
additional expense, if any, for obtaining such waiver.

 

19.
DESTRUCTION OF OR DAMAGE TO PREMISES.

 

	 	A.	If the Premises or any portion thereof is damaged by fire or other casualty, whether or not from a risk covered by insurance, Tenant shall give Landlord prompt written notice thereof and Rent shall continue unabated notwithstanding any casualty. Tenant waives any statutory rights of termination or rent abatement which may arise by reason of any damage or destruction of the Premises or any portion thereof.

 

		B.	In
the event of a fire or other casualty, Tenant shall use any insurance proceeds actually received by Tenant from the applicable insurance
carriers (or the amount that Tenant would have received had Tenant carried the insurance required hereunder) and any other proceeds necessary
(regardless of whether such insurance proceeds are adequate for the restoration) to cause the Premises to be repaired, restored
or otherwise improved in accordance with the general terms and conditions of Section 11 and Section 14, and otherwise in accordance
with all Law and in a good workmanlike manner, such that the Premises are restored to a condition as nearly as practicable to that which
existed immediately prior to the occurrence of such fire or other casualty.

 

    31

     

    

 

	 	C.	No damage or destruction of the Premises or any portion thereof as a result of fire or any other hazard, risk or casualty whatsoever shall relieve Tenant from Tenant’s liability and obligation to timely pay the full Rent payable under this Lease and Rent shall continue unabated notwithstanding any casualty.

 

	 	D.	The provisions of this Lease, including this Section 19 constitute an express agreement between Landlord and Tenant with respect to any and all damage to, or destruction of, all or any part of the Premises, and any Law with respect to any rights or obligations concerning damage or destruction in the absence of an express agreement between the parties, and any similar or successor Laws now or hereinafter in effect, shall have no application to this Lease or any damage or destruction to all or any part of the Premises.

 

20.
CONDEMNATION.

 

		A.	If
a Condemnation that is not a Total Loss shall occur, Tenant will, without regard to the adequacy of any Condemnation Award for such purpose
either (i) restore, repair, replace or rebuild the Buildings or otherwise modify the Buildings in accordance with the general
terms and conditions of Section 11 and Section 14, and otherwise in accordance with all Law and in a good workmanlike manner,
such that the Premises are restored to a condition as nearly as practicable to that which existed immediately prior to the occurrence
of such fire or other casualty or (ii) if any Buildings are required to be removed as a result of such Condemnation, remove the applicable
Buildings. If a Condemnation is neither a Total Loss nor a Temporary Condemnation but affects a material portion of the Premises, then
Rent shall be abated proportionately to the portion of the Premises taken in connection with such Condemnation; provided, notwithstanding
anything herein to the contrary, in such event, Landlord shall be entitled to the entire Condemnation Award awarded to Tenant solely
with respect to the Property. In performing its restoration obligations hereunder, Tenant shall be entitled to the entire Condemnation
Award awarded to Tenant in connection with Tenant’s claim related to the Leasehold Estate. Landlord shall be entitled to the entire
Condemnation Award awarded to Landlord in connection with Landlord’s claim related to the Fee Estate. The full amount of any Condemnation
Award received by Tenant shall be paid to Tenant, subject to the terms of any Leasehold Mortgage. Subject to the rights of any Leasehold
Mortgagee under any Leasehold Mortgage, Tenant shall, at its sole cost and expense, negotiate and settle the amount of the Condemnation
Award with regard to the Leasehold Estate, and Landlord shall, at its sole cost and expense, negotiate and settle the amount of the Condemnation
Award with regard to the Fee Estate. If a Temporary Condemnation occurs, the Condemnation Award from such Temporary Condemnation shall
belong to Tenant (subject to the rights of Leasehold Mortgagees and this Lease shall not be affected in any way). If at any time during
the Term the condemning authority shall not make separate Condemnation Awards to Tenant with respect to the Leasehold Estate and to Landlord
with respect to the Fee Estate, Landlord and Tenant agree that the Condemnation Award shall be remitted to Tenant (or, in the event of
a Leasehold Mortgage, in accordance with such Leasehold Mortgage) and Landlord, respectively in the same proportion that the diminution
in value of Tenant’s interest in the Property resulting from such Condemnation bears to the diminution in value of the Fee Estate
resulting from such Condemnation, both as determined in accordance with Exhibit H.

 

    32

     

    

 

	 	B.	If a Condemnation that is a Total Loss shall occur, which Total Loss is not a Temporary Condemnation, then this Lease shall terminate as of the date the transfer of title to the Land pursuant to such Condemnation. In the event of any such termination, the Rent payable by Tenant hereunder shall be apportioned as of the date of such termination. Notwithstanding any termination of this Lease pursuant to this Section 20, Landlord and Tenant shall be permitted to make separate claims to the condemning authority for the Fee Estate and Leasehold Estate, respectively, and the Condemnation Award shall be paid in respect of such separate claims. If at any time during the Term, the applicable condemning authority cannot or will not make separate awards for the Fee Estate and the Leasehold Estate, then any Condemnation Awards shall be combined into a single award and shall be allocated between Landlord (subject to the rights of Landlord Mortgagees) and Tenant (subject to the rights of Leasehold Mortgagees) pro rata in accordance with the fair market value of the Leasehold Estate that is subject to the Condemnation and the fair market value of the Fee Estate that is subject to the Condemnation. If the preceding sentence is applicable, Tenant and any Leasehold Mortgagee shall have the right to participate in Condemnation proceedings with Landlord and fair market values for purposes of the preceding sentence of this Section 20 will be determined in accordance with Exhibit H. The obligations of Landlord and Tenant to allocate the Condemnation Award shall survive termination of this Lease.

 

21.
INDEMNIFICATION.

 

		A.	Notwithstanding
the existence of any insurance required to be provided hereunder (but not in duplication thereof), and without regard to the policy limits
of any such insurance, and in addition to and not in limitation of any other indemnity provided in this Lease, Tenant shall protect,
indemnify, defend and hold harmless all Landlord Indemnified Parties from and against any and all liabilities, obligations, claims, damages,
penalties, causes of action, losses, costs, fees and expenses, including without limitation reasonable counsel fees and court costs,
to the maximum extent permitted by Law, imposed upon, asserted against or suffered or incurred by any Indemnified Party directly or indirectly
by reason of any claim, suit or judgment obtained or brought by or on behalf of any person or persons against any Landlord Indemnified
Party, for damage, loss or expense, which arise out of, are occasioned by, or are in any way attributable to or related to the following:
(i) Tenant’s (or its tenants’ or subtenants’) use or occupancy of the Premises; (ii) the conduct of Tenant’s
(or its tenants’ or subtenants’) business at the Premises; (iii) any activity, work or thing done or permitted by or on behalf
of Tenant or its agents, contractors, tenants or subtenants in or about the Premises; (iv) the condition of the Premises; (v) the Lease
or any breach or default in the performance of any obligation to be performed by Tenant under the terms of this Lease or arising from
any act, neglect, fault or omission of Tenant or Tenant’s Representatives; (vi) any and all claims arising under the Development
Agreement, the Operations and Maintenance Agreement, the HOF Village REA, and/or the Omnibus Agreement, and/or (vii) the Premises or
any accident, injury to or death of any person or damage to any property howsoever caused in or on the Premises, except to the extent
that any of the foregoing are directly caused by the gross negligence or willful misconduct of Landlord and/or any Landlord Indemnified
Parties. Tenant, at its expense, shall contest, resist and defend any such claim, action or proceeding asserted or instituted against
any Landlord Indemnified Party (“Landlord Claim”). If at any time a Landlord Indemnified Party shall have received
written notice of or shall otherwise be aware of any Landlord Claim which is subject to indemnity under this Section 21.A, such
Landlord Indemnified Party shall give reasonably prompt written notice of such Landlord Claim to Tenant; provided, that, except to the
extent Tenant is materially prejudiced in its defense of such Landlord Claim, (I) such Landlord Indemnified Party shall have no liability
for a failure to give notice of any Landlord Claim, and (II) the failure of such Landlord Indemnified Party to give such a notice to
Tenant shall not limit the rights of such Landlord Indemnified Party or the obligations of Tenant with respect to such Landlord Claim.
Landlord shall have the right to reasonably control the defense or settlement of any Landlord Claim. Tenant’s liability under this
Section 21 shall survive the expiration or earlier termination of this Lease.

 

		B.	Except
to the extent prohibited by Law or directly caused by the gross negligence or willful misconduct of Landlord or any Landlord Indemnified
Parties, Tenant hereby expressly releases Landlord and Landlord Mortgagee and all other Landlord Indemnified Parties from, and waives
all claims for, damage or injury to person, theft, loss of use of or damage to property and loss of business sustained by Tenant and
resulting from the Premises, including the Building, Property, Personal Property or Tenant’s Personal Property or any part thereof
or any equipment therein or appurtenances thereto becoming in disrepair, or resulting from any damage, accident or event in or
about the Premises. Without limiting the generality of the foregoing, this Section 21.B shall apply particularly, but not exclusively,
to flooding, damage caused by Building equipment and apparatuses, water, snow, frost, steam, excessive heat or cold, broken glass, sewage,
gas, odors, excessive noise or vibration, death, loss, conversion, theft, robbery, or the bursting or leaking of pipes, plumbing fixtures
or sprinkler devices.

 

    33

     

    

 

22.
ASSIGNMENT AND SUBLETTING.

 

	 	A.	LANDLORD ASSIGNMENT AND MORTGAGE FINANCING

 

	 	1.	Landlord has the absolute and unconditional right, without the consent of Tenant, to assign, at any time and from time to time, this Lease to any Person, including any Fee Mortgagee. Tenant shall execute, acknowledge and deliver any documents reasonably requested by Landlord, any such transferee, or Mortgagee relating to such assignment of this Lease by Landlord or the Mortgage financing.

 

		2.	Landlord
has the absolute and unconditional right, without Tenant’s consent, to execute and deliver one (1) or more Fee Mortgage(s) at any
time and from time to time during the Term, provided that the Fee Mortgage complies with all other applicable requirements of this Section
22. Upon a foreclosure under a Fee Mortgage, this Lease shall continue in full force and effect, subject to the terms and conditions
hereof. Tenant shall attorn to the successor holder of the Fee Estate (“Successor Landlord”), provided that such Successor
Landlord has assumed in writing all obligations of Landlord under this Lease. Tenant shall not be required to join in any Fee Mortgage
or to subordinate this Lease to any Fee Mortgage. If requested by Landlord, Tenant shall deliver a non-disturbance and attornment agreement
(“NDA”) to Landlord on the Commencement Date in the form attached hereto as Exhibit F, which NDA shall be effective
and binding upon Tenant once executed and delivered by the applicable Landlord Mortgagee. If requested by Landlord, Tenant shall promptly
and in no event later than fifteen (15) days after such request from Landlord, execute and deliver to Landlord an NDA with Landlord Mortgagee
in form suitable for recording, and in form reasonably acceptable to Tenant, Landlord and Landlord Mortgagee. Each Fee Mortgage shall
be subject and subordinate to this Lease and any New Lease, subject to the terms of any NDA. No Fee Mortgagee shall be entitled to any
Mortgagee Protections unless and until written notice of the Landlord Mortgage in question has been given to Tenant together with the
name and address of such Landlord Mortgagee. No change of address of such Landlord Mortgagee, or assignment of such Landlord Mortgage,
shall be effective against Tenant unless and until such Landlord Mortgagee shall have given Tenant written notice of such change or assignment.

 

	 	3.	Notwithstanding the foregoing or anything to the contrary in this Lease, it is agreed that: (i) any Leasehold Mortgage shall only attach to the Leasehold Estate; (ii) any Landlord Mortgage shall only attach to the Fee Estate (including any reversionary and/or remainder interest in any improvements thereon); (iii) under no circumstances shall any foreclosure event with respect to any Leasehold Mortgage impair any estate or right of Landlord or any Landlord Mortgagee under any Landlord Mortgage or result in any transfer or conveyance of any interest in the Premises other than the Leasehold Estate; and (iv) under no circumstances shall any foreclosure event with respect to any Landlord Mortgage impair any estate or right of Tenant under this Lease or result in any transfer or conveyance of any interest in the Premises other than Landlord’s Fee Estate therein.

 

    34

     

    

 

		B.	Tenant
acknowledges that Landlord has relied both on the business experience and creditworthiness of Tenant and Guarantor and upon the particular
purposes for which Tenant intends to use the Premises in entering into this Lease. Without the prior written consent of Landlord, which
consent may be granted or withheld in Landlord’s reasonable discretion: (i) Tenant shall not assign, transfer, convey, sublease
(except as provided in Section 22.F), pledge or mortgage (except as otherwise expressly provided herein) this Lease or any interest
herein, whether by operation of law or otherwise; (ii) no direct interest in Tenant shall be pledged, encumbered, hypothecated or collaterally
assigned as collateral for any obligation of Tenant; (iii) no transfer shall occur which results in Guarantor failing to own at least
fifty-one percent (51%) of the direct interests in Tenant; (iv) no other change of Control of Tenant or Guarantor shall occur (each of
items (i) through (iv) are hereinafter referred to as a “Transfer”). Notwithstanding the foregoing, a Transfer under
clauses (iii) or (iv) above shall be permitted so long as either (x) Guarantor’s obligations under the Guaranty shall continue
in full force and effect, (y) the Transfer is one in which IRG Value Fund, LLC, or an affiliate of IRG Value Fund, LLC becomes the owner
of at least fifty-one percent (51%) of the direct interests in Tenant and/or HOF Village Newco, LLC (provided, however, that in such
instance, such transferee shall comply with and satisfy any and all procedures and requirements necessary for such transfer under any
and all agreements relating to the Property, including, without limitation, any development agreements, or necessary so as not to default
or cause any termination or cancellation under any such agreements), or (z) Guarantor may be released from its obligations under the
Guaranty so long as a replacement guarantor (“Replacement Guarantor”) is provided, which Replacement Guarantor must
(i) meet the Net Worth Threshold (as hereinafter defined), (ii) execute and deliver to Landlord a guaranty in form and substance identical
(in all non-de minimis respects) to the Guaranty delivered to Landlord on the Effective Date (a “Replacement Guaranty”),
and (iii) execute and deliver to Landlord a pledge and security agreement in form and substance identical (in all non-de minimis respects)
to the Pledge and Security Agreement delivered to Landlord on the Effective Date (the “Pledge”), together with related
documents, certificates, and financing statements as may be reasonably required in connection with such replacement pledge (collectively,
“Replacement Pledge Documents”). In addition, no interest in Tenant or Guarantor, or in any individual or person owning
directly or indirectly any interest in Tenant or Guarantor, shall be transferred, assigned or conveyed to any individual or person whose
property or interests are subject to being blocked under any of the OFAC Laws and Regulations and/or who is in violation of any of the
OFAC Laws and Regulations, and any such transfer, assignment or conveyance shall not be effective until the transferee has provided written
certification to Tenant or Guarantor (as applicable) and Landlord that (A) the transferee or any person who owns directly or indirectly
any interest in transferee, is not an individual or entity whose property or interests are subject to being blocked under any of the
OFAC Laws and Regulations or is otherwise in violation of the OFAC Laws and Regulations, and (B) the transferee has taken reasonable
measures to assure than any individual or entity who owns directly or indirectly any interest in transferee, is not an individual or
entity whose property or interests are subject to being blocked under any of the OFAC Laws and Regulations or is otherwise in violation
of the OFAC Laws and Regulations; provided, however, the covenant contained in this sentence shall not apply to any person to the extent
that such person’s interest is in or through a U.S. Publicly-Traded Entity. Notwithstanding the foregoing, (A) Landlord acknowledges
and approves that CH Capital Lending, LLC currently holds a pledge of membership interests in Guarantor for the benefit of itself and
certain Affiliates, and (B) this Section 22.B shall not have the effect of superseding the right of Guarantor to be released pursuant
to and in accordance with the terms and provisions of (A) Section 8(c) of the Pledge, and (B) Section 2.D of the Guaranty.

 

The “Net Worth Threshold”
shall mean and refer to a Net Worth (as hereinafter defined) equal to or greater than $150,000,000. As used herein, “Net
Worth” means, as of a given date, without duplication: (i) the fair market value of the total assets of such Person
(excluding any interest in the Premises, any interest in that certain property commonly known as 400 15th Street SW, Auburn,
Washington 98001 and all improvements thereon and appurtenances thereof (the “Auburn Property”), receivables from
Affiliates, goodwill, patents, trademarks, trade names, organization expense, treasury stock, unamortized debt discount and expense,
deferred research and development costs, deferred marketing expenses, and other intangibles), minus (ii) such Person’s total
liabilities debt and debt-like equivalents, such as subleases and special assessments, Tourism Development District
(“TDD”) bonds, tax increment financing (“TIF”) regimes and any minimum service payments thereunder, PACE
loans, and any other Ohio Governmental Financing Programs as of such date (exclusive of any liabilities associated with any assets
of such Person excluded pursuant to clause (i) above), as determined in accordance with GAAP. The fair market value with respect to
any real property shall mean the value of such real property as determined by the most recent Appraisal (as hereinafter defined) of
such real property as of the valuation date set forth therein. Such Person shall provide an Appraisal for each real property not
less often than every two years, and at any other time Landlord shall deem an updated Appraisal to be reasonably necessary. For each
real property in the process of being developed and which has one or more fully executed leases in place at the time of the
Appraisal, the fair market value shall be based upon the completed development with such leases in place (i.e., the stabilized value
of the real property, as improved and leased). Notwithstanding the foregoing, neither any value derived from the Premises nor any
value derived from the Auburn Property shall be applied towards the calculation of the Net Worth Threshold. For purposes of
calculating such Person’s net worth, Landlord shall have the right to obtain updated Appraisals of the property directly or
indirectly owned by such Person, at Tenant’s or Guarantor’s sole cost and expense. “Appraisal” means,
with respect to any real property, a written valuation of such real property issued by an independent and nationally recognized MAI
appraiser duly licensed in the jurisdiction in which such real property is located.

 

    35

     

    

 

		C.	Landlord’s
consent to a Transfer shall be subject to the satisfaction of such conditions as Landlord shall determine in its reasonable discretion,
including, without limitation, the proposed transferee having satisfactory creditworthiness as determined by Landlord in its reasonable
discretion. In addition, any such consent shall be conditioned upon the payment by Tenant to Landlord of all reasonable out-of-pocket
costs and expenses incurred by Landlord in connection with such consent, including, without limitation, reasonable attorneys’ fees.
The provisions of this Section 22 shall apply to every Transfer regardless of whether voluntary or not, or whether or not Landlord
has consented to any previous Transfer. No Transfer (including, without limitation, any Transfer permitted by this Lease) shall relieve
Tenant of its obligations under this Lease or Guarantor of its obligations under the Guaranty, it being understood that the initial Tenant
under this Lease shall always remain liable and responsible for the obligations of the tenant hereunder and the initial Guarantor under
the Guaranty shall always remain liable and responsible for the obligations of the guarantor under the Guaranty; provided, however, that
upon Landlord’s consent of a Transfer and the assumption by the assignee of Tenant’s obligations hereunder and the execution
by a Replacement Guarantor that meets the Net Worth Threshold of a Replacement Guaranty and Replacement Pledge Documents, Tenant and
Guarantor shall be relieved of all further obligations hereunder except for those first arising prior to the Transfer or those that specifically
survive the termination of the Lease.

 

	 	D.	Any Transfer shall not relieve Tenant, or any person claiming by, through or under Tenant, of the obligation to obtain the consent of Landlord, pursuant to this Section 22, to any further Transfer. In the event of a sublease, if there exists an Event of Default, Landlord may collect rent from the subtenant without waiving any rights under this Lease while such Event of Default is continuing. Any rent Landlord may collect from any such subtenant will be first applied to the Rent due and payable under this Lease and any other amounts then due and payable and then applied to the Rent as it becomes due and payable under this Lease. The collection of the Rent and any other sums due and payable under this Lease, from a person other than Tenant shall not be a waiver of any of Landlord’s rights under this Section 22.D, an acceptance of assignee or subtenant as Tenant, or a release of Tenant from the performance of Tenant’s obligations under this Lease. Except as specifically set forth herein, no Transfer shall affect the liability of Guarantor under the Guaranty.

 

	 	E.	No Transfer shall impose any additional obligations on Landlord under this Lease. Tenant shall reimburse Landlord (and Landlord’s Mortgagee, if applicable) for Landlord’s reasonable costs and expenses (including reasonable attorneys’ fees) incurred in conjunction with the reviewing and processing and documentation of any Transfer requiring Landlord’s consent regardless of whether such Transfer is consummated.

 

		F.	Tenant
may, upon at least ten (10) business days’ prior written notice to Landlord (but without the requirement of obtaining Landlord’s
consent) sublease Tenant’s interest in this Lease, including any sublease required in connection with any Ohio Government Financing
Programs permitted under Section 47 below provided that such sublease is in reasonable and customary form for the Ohio Governmental
Financing Program in question. At Tenant’s request, Landlord shall provide a Sublease NDA to Qualified Subtenants who are subleasing
a portion of the Premises pursuant to any Qualified Sublease. With respect to any sublease, (a) such sublease, by its terms, must be
expressly subordinate to and subject to the terms of this Lease (and all future amendments to this Lease) (except as otherwise provided
in any Sublease NDA); (b) the use contemplated under such sublease must not breach the use restrictions herein; (c) such sublease shall
not impose any additional obligations on Landlord under this Lease; and (d) except as otherwise provided in any Sublease NDA, Landlord
shall have no obligation to recognize any or to agree to not disturb any subtenant or other occupant of Tenant upon any Event of Default
of Tenant under this Lease. For the avoidance of doubt, Tenant and Guarantor shall remain fully liable under this Lease for the entire
Premises, notwithstanding any such sublease. In the event this Lease is terminated prior to the scheduled Expiration Date, subject to
any Sublease NDA, Landlord, may, in its sole discretion (without any obligation to do so), subject to the terms of the applicable sublease,
elect to recognize any one or more of the subleases as a direct lease between Landlord and such subtenant and, if Landlord elects not
to recognize a subtenant, Landlord shall have no liability under such sublease. Except as otherwise provided in any Sublease NDA or similar
agreement entered into by Landlord and any subtenant under a sublease, should Landlord so elect to recognize a sublease as a direct lease
between Landlord and such subtenant, neither Landlord nor anyone claiming by, through or under Landlord shall be: (i) liable for any
act or omission of any prior landlord under the sublease (including, without limitation, the then landlord under the sublease); (ii)
subject to any offsets, claims or defenses which the subtenant may have against any prior landlord (including, without limitation, the
then landlord under the sublease); (iii) bound by any payment of rent which the subtenant might have made for more than one month in
advance to any prior landlord under the sublease (including, without limitation, the then landlord under the sublease); (iv) bound by
any covenant to undertake or complete any construction; (v) bound by any covenant or obligation to repair, restore or rebuild after a
casualty or condemnation; (vi) bound by any obligation to make any payment to the subtenant; (vii) bound by any obligation to assign,
transfer or sell the leasehold estate or the improvements thereon to the subtenant; or (vii) bound to operate or maintain the Premises
for any particular use. So long as no Event of Default has occurred, upon not less than ten (10) Business Days’ request by written
notice from Tenant to Landlord, Landlord shall execute and deliver to Tenant and the applicable Qualified Subtenant a Sublease NDA, in
recordable form, which written notice from Tenant to Landlord shall be accompanied by such evidence as Landlord may reasonably require
that (i) the sublease in question is a Qualified Sublease, (ii) the subtenant in question is a Qualified Subtenant and (iii) written
confirmation from each Leasehold Mortgagee that such Leasehold Mortgagee has consented to Landlord’s execution and delivery of
such Sublease NDA or that such consent is not required. Tenant shall pay (or cause payment of) all costs and expenses of recording the
applicable Sublease NDA, all reasonable costs and expenses incurred by Landlord in connection with determining whether or not the applicable
sublease is a Qualified Sublease, that such subtenant is a Qualified Sublease and in reviewing, preparing, executing and delivering the
applicable Sublease NDA.

 

    36

     

    

 

	 	G.	Intentionally Omitted.

 

	 	H.	Tenant represents and warrants that, as of the date hereof, Tenant has not leased, subleased, licensed, or otherwise granted any other right of occupancy with respect to the Property.

 

	 	I.	LEASEHOLD MORTGAGES

 

	 	1.	Notwithstanding anything in this Lease to the contrary, Tenant has the absolute and unconditional right, without Landlord’s consent, at any time and from time to time during the Term, to: (1) execute and deliver one or more Leasehold Mortgage(s) encumbering Tenant’s interest in this Lease and the Leasehold Estate; (2) assign Tenant’s rights in this Lease and the Leasehold Estate to a Leasehold Mortgagee for collateral purposes as collateral security; and (3) assign any or all of Tenant’s rights under this Lease to any Leasehold Mortgagee for collateral purposes. No Leasehold Mortgagee shall be entitled to any Mortgagee Protections unless and until notice of the Leasehold Mortgage in question has been given to Landlord together with the name and address of such Leasehold Mortgagee. At all times during the Term in which there is a Leasehold Mortgage encumbering this Lease and the Leasehold Estate, Tenant shall cause the current notice address for the Leasehold Mortgagee to be delivered to Landlord.

 

	 	2.	Tenant’s making of a Leasehold Mortgage shall not be deemed to constitute an assignment or transfer of the Leasehold Estate, nor shall any Leasehold Mortgagee, as such, or in the exercise of its rights under this Lease, be deemed to be an assignee, transferee, or mortgagee in possession of the Leasehold Estate so as to require such Leasehold Mortgagee, as such, to assume or otherwise be obligated to perform any of Tenant’s obligations under this Lease except when, and then only for so long as, such Leasehold Mortgagee has acquired ownership and possession of the Leasehold Estate pursuant to a foreclosure under its Leasehold Mortgage (as distinct from its exercise of Leasehold Mortgagee’s Cure Rights).

 

	 	3.	Notwithstanding anything to the contrary in this Lease, any foreclosure under any Leasehold Mortgage, or any exercise of rights or remedies under or pursuant to any Leasehold Mortgage, including the appointment of a receiver, shall not in and of itself be deemed to violate this Lease or, in and of itself, entitle Landlord to exercise any rights or remedies, but the foregoing shall not limit Landlord’s rights and remedies (subject to all other Mortgagee Protections) if any Event of Default occurs.

 

		4.	If
Tenant enters into any Leasehold Mortgage that complies with the definition of such term, then the Leasehold Mortgagee under such Leasehold
Mortgage shall be entitled to all Mortgagee Protections (as against both Landlord and any successor holder of the Fee Estate) from and
after such date as Tenant or the Leasehold Mortgagee has given Landlord notice of such Leasehold Mortgage and Leasehold Mortgagee, accompanied
by a copy of the Leasehold Mortgage, recorded or unrecorded. No change of address of such Leasehold Mortgagee, or assignment of such
Leasehold Mortgage, shall be effective against Landlord unless and until such Leasehold Mortgagee shall have given Landlord notice of
such change or assignment.

 

    37

     

    

 

	 	5.	If a Leasehold Mortgagee is entitled to Mortgagee Protections, then such entitlement shall not terminate unless and until such time, if any, as either (1) the Leasehold Mortgage shall have been satisfied and discharged of record, except through a foreclosure; (2) such Leasehold Mortgagee has consented in writing to the termination of its Mortgagee Protections; or (3) after Landlord has complied with the applicable Mortgagee Protections, Landlord has validly terminated this Lease, no Leasehold Mortgagee has validly requested (and is entitled to) a New Lease, and the New Lease Option Period has expired.

 

	 	6.	Any Mortgage of all or any part of the Leasehold Estate that is not a Leasehold Mortgage shall require Landlord’s consent, which may be given or withheld in Landlord’s sole discretion.

 

	 	7.	No Leasehold Mortgage shall attach to: (1) Landlord’s interest in this Lease, in the Fee Estate; (2) Landlord’s interest in any New Lease and the Fee Estate thereunder; (3) any judgment arising from Tenant’s breach of this Lease; (4) Landlord’s and any Landlord Mortgagee’s rights and remedies under this Lease; and (5) any rights of a Landlord Mortgagee with respect to the Fee Estate. Any Leasehold Mortgagee in the event of a foreclosure or the grantee or successful bidder at the foreclosure, shall succeed only to the Leasehold Estate under this Lease.

 

		J.	OPERATIONALPROTECTIONSFORLEASEHOLD
MORTGAGEES. Notwithstanding anything to the contrary in this Lease, but subject to Section 22.I.5, if Tenant
at any time or from time to time enters into any Leasehold Mortgage, and Tenant or a Leasehold Mortgagee has given Landlord notice of
such Leasehold Mortgage, then:

 

	 	1.	No cancellation, termination (including Tenant’s termination of this Lease pursuant to any express right of termination in this Lease or under applicable law, but excluding termination under Section 20, termination pursuant to the following sentence or termination by lapse of time), surrender or rejection of this Lease shall bind a Leasehold Mortgagee if done without Leasehold Mortgagee’s consent. Nothing in this paragraph shall limit the right of Landlord to terminate this Lease upon occurrence of an Event of Default and the expiration of all Leasehold Mortgagee’s Cure Rights without cure of such Event of Default.

 

    38

     

    

 

	 	2.	If Landlord gives any written notice to Tenant of an Event of Default hereunder, then Landlord shall, contemporaneously (and by a means permitted by this Lease) give a copy of such written notice to Leasehold Mortgagee. No written notice to Tenant of an Event of Default hereunder shall be effective unless and until so given to each Leasehold Mortgagee. No Event of Default or termination of this Lease (other than termination at the Expiration Date or pursuant to Section 20), shall be enforceable against Leasehold Mortgagee unless like written notice shall have been so given to such Leasehold Mortgagee.

 

		K.	LEASEHOLD
MORTGAGEES’ NOTICE AND OPPORTUNITY TO CURE. Notwithstanding anything to the contrary in this Lease, but subject
to Section 22.I.5, if Tenant at any time or from time to time enters into any Leasehold Mortgage, and Tenant or a Leasehold Mortgagee
has given Landlord notice of such Leasehold Mortgage, then:

 

	 	1.	If an Event of Default occurs, then Landlord shall, substantially concurrently with the giving of written notice of such Event of Default to Tenant, give each Leasehold Mortgagee written notice of such Event of Default but Landlord will not have any liability for any failure to give written notice to Leasehold Mortgagees pursuant to this sentence. If an Event of Default occurs, Landlord shall not terminate the Lease until Landlord has given written notice of such Event of Default to any Leasehold Mortgagee and until the curative periods afforded pursuant to Section 23 have ended without cure of the applicable Event of Default. Any Leasehold Mortgagee shall have the right, but not the obligation, to perform any obligation of Tenant under this Lease and to cure any Event of Default. Landlord shall accept performance by or at the instigation of a Leasehold Mortgagee in fulfillment of Tenant’s obligations, for the account of Tenant and with the same force and effect as if performed by Tenant.

 

	 	2.	If any Event of Default occurs, then any Leasehold Mortgagee shall have the same cure period (which cure period for the Leasehold Mortgagee shall commence upon the date Leasehold Mortgagee receives written notice of any such Event of Default) available to Tenant under this Lease, plus the additional time provided for below (regardless of the original time fixed for performance by Tenant), within which to take whichever of the actions set forth below shall apply to such Event of Default:

 

(i)
In the case of a Monetary Default, Leasehold Mortgagee shall be entitled (but not required) to cure such Event of Default within a cure
period ending on the later of (x) the end of Tenant’s cure period under this Lease or (y) the fifth (5th) business day
after Landlord gives written notice of such Event of Default to Leasehold Mortgagee. Any such cure shall be accompanied by payment to
Landlord of interest at the Default Rate and Late Charge.

 

    39

     

    

 

(ii)
In the case of any Nonmonetary Default that a Leasehold Mortgagee is reasonably capable of curing without obtaining possession of the
Premises (excluding in any event a Personal Default), Leasehold Mortgagee shall be entitled, but not required, to: within a period ending
on the later of (x) the final calendar day of Tenant’s cure period for the Event of Default (if Tenant is entitled to any such
cure period) or (y) the date that occurs thirty (30) calendar days after Leasehold Mortgagee receives written notice of such Event of
Default, to cure such Event of Default, provided, however, if such Nonmonetary Default is inherently not susceptible to cure within such
thirty (30) calendar day period, such cure period shall be extended to the extent reasonably necessary to cure such Event of Default
so long as the Leasehold Mortgagee is proceeding with reasonable diligence to cure such Event of Default, but not more than an additional
ninety (90) days.

 

(iii)
In the case of (1) any Nonmonetary Default that is not reasonably susceptible of being cured by a Leasehold Mortgagee without
obtaining possession of the Premises or (2) any Personal Default, Leasehold Mortgagee shall be entitled (but not required) to do the
following, so long as, for all other Events of Default, such Leasehold Mortgagee has exercised or is exercising, within the
applicable periods, the applicable Leasehold Mortgagee’s Cure Rights as provided in this Lease:

 

(i) At any time during
a period ending on the later of (i) the cure period (if any) applicable to Tenant, or (ii) thirty (30) calendar days after Landlord gives
to the Leasehold Mortgagee notice of the Nonmonetary Default, Leasehold Mortgagee shall be entitled to institute proceedings to obtain
control of the Premises, and (subject to any stay in any bankruptcy proceedings affecting Tenant, or any injunction, so long as such
stay or injunction has not been lifted) then with reasonable diligence prosecute the same to completion (but not necessarily within such
thirty (30) calendar day period or, if applicable, cure period of Tenant).

 

(ii) Upon obtaining control of the Premises (whether before
or after expiration of any otherwise applicable cure period), Leasehold Mortgagee or Successor Tenant shall then be entitled (but not
required) to proceed with reasonable diligence to cure such Nonmonetary Defaults (excluding Personal Defaults of Tenant, which neither
Leasehold Mortgagee nor Successor Tenant need cure at any time). A Leasehold Mortgagee or Successor Tenant having control of the Premises
shall not be bound by any deadline for completion of any construction or Alterations, or other performance, required of Tenant under
this Lease, provided that such Leasehold Mortgagee or Successor Tenant shall with reasonable diligence prosecute completion of same and
shall cure all Monetary Defaults within the period provided for under this Lease for such cure.

 

    40

     

    

 

(iv)
So long as the period for a Leasehold Mortgagee to exercise Leasehold Mortgagee’s Cure Rights for any Event of Default has not
expired, Landlord shall not bring a proceeding on account of such Event of Default to (x) dispossess Tenant or subtenants under
subleases, (y) reenter the Premises, or (z) terminate this Lease or the Leasehold Estate. Nothing in the Mortgagee Protections
shall, however, be construed to either (i) extend the Term beyond the expiration date provided for in this Lease that would have
applied if no Event of Default had occurred, (ii) preclude Landlord from seeking and obtaining actual damages or injunctive and
other equitable relief against Tenant on account of such Event of Default, (iii) require any Leasehold Mortgagee to cure any
Personal Default as a condition to preserving this Lease or to obtaining a New Lease (but this shall not limit a Leasehold
Mortgagee’s obligation to seek to obtain control of the Premises, and then consummate a foreclosure, by way of the exercise of
Leasehold Mortgagee’s Cure Rights, if Leasehold Mortgagee desires to preclude Landlord from terminating this Lease on account
of a Personal Default).

 

		3.	LEASEHOLD
MORTGAGEE’S RIGHT TO A NEW LEASE.

 

If this Lease terminates before its
stated expiration date including due to an Event of Default or is successfully rejected in a bankruptcy proceeding commenced by any
party hereto or its heirs, personal representatives, successors and permitted assigns, but excluding a termination, with or without
Leasehold Mortgagee’s consent, as the result of Section 20, then Landlord shall, within ten (10) Business Days, give
written notice of such termination to each Leasehold Mortgagee that satisfies the conditions of Section 22.I.5, but Landlord
shall not be liable for a failure to timely provide such written notice, provided, however, it is agreed that the New Lease Option
Period will not commence until such written notice is given. Upon a Leasehold Mortgagee’s request given within the New Lease
Option Period, Landlord shall enter into a New Lease with New Tenant that is a Qualified Tenant that is not an Affiliate of Tenant
under the terminated Lease, provided that such Leasehold Mortgagee shall, on the New Lease Delivery Date: (1) pay to Landlord any
and all sums then due under this Lease as if this Lease had not been terminated including interest at the Default Rate and any Late
Charges; (2) agree to cure all then-uncured Nonmonetary Defaults (other than Personal Defaults of the predecessor Tenant) within a
reasonable period after the New Lease Delivery Date with reasonable diligence; (3) provide evidence, reasonably satisfactory to
Landlord, that such New Tenant is a New Tenant permitted under this Section 22.K.3; and (4) pay to Landlord all sums expended
by Landlord, or that Landlord may be liable for, with respect to any Subleases not terminated under Section 22.K.3(d). The
following additional provisions shall apply to any New Lease:

 

(i)
Any New Lease shall be prior to any lien, encumbrance, or mortgage on the Fee Estate voluntarily created by Landlord after the date on
which the Leasehold Mortgage of the Leasehold Mortgagee that is (or designated) the New Tenant was first granted other than at the request,
or with the consent, of Tenant.

 

(ii)
Between the termination date and the New Lease Delivery Date (or the expiration of the New Lease Option Period, if no Leasehold Mortgagee
requests a New Lease): (1) the parties agree that Landlord will not terminate any Sublease (except if a termination as the result of Section
20 occurs or the Lease term would have expired by virtue of the Expiration Date), (2) no sublease will be a direct lease with Landlord;
or (3) enter into any new leases of the Premises or any portion thereof, except with Leasehold Mortgagee’s written consent (which
shall not be unreasonably withheld). Nothing contained herein will preclude Landlord from termination of any such subleases on account
of a default thereunder or preclude termination of any sublease in accordance with its terms. Landlord will not be required to pay or
perform any obligations under any such subleases and will not be liable to any Person in the event any sublease is terminated by the applicable
subtenant or such subtenant claims constructive eviction and shall not be required to assign any such Subleases (or direct leases) to
any Person. Landlord will not have any liability under such subleases. Unless a security or other deposit provided under or with respect
to a sublease (or such direct lease) is actually delivered to Landlord, Landlord will not have any obligation to return or deliver any
such deposit to the New Tenant, the subtenant or any other Person.

 

(iii) If a
Leasehold Mortgagee requires Landlord to enter into a New Lease, then such Leasehold Mortgagee shall pay all reasonable expenses,
including transfer, documentary, stamp, recording or similar taxes and legal costs incurred by Landlord in connection with any Event
of Default and termination of this Lease, recovery of possession of the Premises, and preparation, execution, and delivery of the
New Lease and any memorandum of the New Lease requested by New Tenant.

 

(iv)
All rights of any Leasehold Mortgagee, and obligations of Landlord, regarding a New Lease shall survive the termination of this Lease
for the duration of the New Lease Option Period.

 

    41

     

    

 

	 	L.	INTERACTION OF MORTGAGES WITH OTHER ESTATES AND PARTIES.

 

	 	1.	A Leasehold Mortgage shall not encumber or attach to the Fee Estate or affect, limit, or restrict Landlord’s rights and remedies under this Lease except as expressly provided in this Lease. Any Leasehold Mortgage shall attach solely to the Leasehold Estate and not the Fee Estate. If this Lease terminates and the New Lease Option Period has expired without any Leasehold Mortgagee requesting a New Lease, then the obligations formerly secured by the Leasehold Mortgage shall be unsecured. Upon a foreclosure under a Leasehold Mortgage, the Leasehold Mortgagee or Successor Tenant shall succeed only to the Leasehold Estate. Under no circumstances shall any foreclosure event with respect to any Landlord Mortgage impair any estate or right of Tenant under this Lease or result in any transfer or conveyance of any interest in the Premises other than Landlord’s Fee Estate therein.

 

	 	2.	If a Leasehold Mortgage expressly limits the related Leasehold Mortgagee’s exercise of any Mortgagee Protections, then as between Tenant and such Leasehold Mortgagee the terms of such Leasehold Mortgage shall govern. A Leasehold Mortgagee may, by written notice to Landlord, temporarily or permanently waive any Mortgagee Protections as specified in such written notice. Any such waiver shall be effective in accordance with its terms as against such Leasehold Mortgagee and its successors and assigns. Any such waiver shall not bind any subsequent Leasehold Mortgagee under a subsequent Leasehold Mortgage granted by Tenant.

 

	 	M.	LIENS.
    Tenant will not, directly or indirectly, create or permit to be created or to remain, and will promptly discharge, at its expense,
    any mechanic’s, supplier’s or vendor’s lien, encumbrance or charge on the Property or any part hereof. The
    existence of any mechanic’s, supplier’s or vendor’s lien, or any right in respect thereof, shall not constitute a
    violation of this Section 22 if payment is not yet due upon the contract or for the goods or services in respect of which any
    such lien has arisen or, if Tenant is protesting or challenging such lien in good faith and has, within thirty (30) days after
    Tenant receives actual notice of such lien, bonded over such lien. Nothing contained in this Lease shall be construed as
    constituting the consent or request of Landlord, expressed or implied, of any contractor, subcontractor, laborer, materialman or
    vendor to or for the performance of any labor or services or the furnishing of any materials for any construction, alteration,
    addition, repair or demolition of or to the Premises or any part thereof, and any such contractor, subcontractor, laborer,
    materialman or vendor shall look solely to Tenant and Tenant’s interest in the Premises to secure the payment of any bills for
    any labor, services, or materials furnished. Notice is hereby given that Landlord will not be liable for any labor, services or
    materials furnished or to be furnished to Tenant, or to anyone holding the Premises or any part thereof through or under Tenant, and
    that no mechanic’s or other liens for any such labor, services or materials shall attach to or affect the interest
of Landlord in and to the Premises. If Tenant has not removed any such lien or other encumbrance described above within thirty (30) days
after written notice thereof to Tenant, Landlord may, but shall not be obligated to, pay the amount of such lien or other encumbrance
or discharge the same by deposit, and the amount so paid or deposited shall constitute additional Rent and be collectible upon demand
with interest at the Default Rate. Landlord hereby consents to the granting of a lien or security interest on the fixtures, furnishings,
trade fixtures, furniture, computers, telephone systems, machinery, equipment and other of Tenant’s Personal Property installed
or placed on the Premises by Tenant in connection with any customary credit facility that Tenant has or may have during the Term hereof,
and Tenant shall give Landlord written notice of any such lien.

 

    42

     

    

 

23.
TENANT’S DEFAULT.

 

Each of the following events
shall be deemed to be an “Event of Default” under this Lease: (i) failure to pay Rent or any other monetary obligation
as and when due, and such failure continues for (a) three (3) days after Tenant’s receipt of Landlord’s written notice thereof
with respect to Base Rent, and (b) ten (10) days after Tenant’s receipt of Landlord’s written notice thereof with respect
to any other monetary obligation; (ii) reserved; (iii) Guarantor or Tenant makes an assignment for the benefit of creditors, or institutes
a proceeding under state or federal bankruptcy laws (or successor laws) or Guarantor or Tenant shall be adjudged bankrupt or insolvent
in proceedings filed against Guarantor or Tenant; (iv) a writ of attachment or execution is levied on this Lease, or a receiver is appointed
with authority to take possession of the Premises, which attachment, execution or receiver is not removed within ninety (90) days of
filing or appointment of a receiver; (v) Guarantor or Tenant shall be liquidated or dissolved; (vi) Tenant shall violate Sections
14.G or 22 hereof; (vii) the estate or interest of Tenant in the Premises or any part thereof shall be levied upon or attached
in any proceeding relating to more than Five Hundred Thousand and No/100 Dollars ($500,000.00), and the same shall not be vacated, discharged
or stayed pending appeal (or bonded or otherwise similarly secured payment) within the earlier of sixty (60) days after commencement
thereof or ninety (90) days after receipt by Tenant of notice thereof from Landlord or any earlier period provided by Law for obtaining
any stay pending appeal or to prevent foreclosure or sale; (viii) Tenant fails to maintain any insurance required by this Lease for the
earlier to occur of five (5) days after (i) Tenant’s receipt of Landlord’s written notice or (ii) the date Tenant becomes
aware of its failure to maintain such insurance (provided, such cure shall also include insurance coverage for any period where insurance
required by this Lease was not in effect); (ix) failure by Tenant to perform any other covenant, agreement or undertaking of the Tenant
contained in this Lease if the failure to perform is not cured within thirty (30) days after Tenant’s receipt of Landlord’s
written notice thereof; provided, however, if the breach cannot reasonably be cured within thirty (30) days, the same shall not result
in an Event of Default if Tenant commences to cure the breach within thirty (30) days of receipt of Landlord’s written notice and
diligently and in good faith continues to prosecute the cure of said breach to completion, provided such breach is cured within one hundred
twenty (120) days after Tenant’s receipt of Landlord’s written notice thereof; and (x) an event of default beyond all applicable
notice and cure periods by Guarantor under the Guaranty, specifically including Guarantor’s failure to deliver the financial statements
required to be delivered by Guarantor to Landlord or a breach by Guarantor of Section 2(D) of the Guaranty.

 

    43

     

    

 

24.
REMEDIES OF LANDLORD.

 

		A.	From
and after the occurrence of any Event of Default, Landlord shall have the option to pursue any one or more of the following remedies
as well as any other remedy available at Law or in equity for such Event of Default: (i) terminate this Lease, in which event
Tenant shall immediately surrender the Premises to Landlord; (ii) using lawful means, enter upon and take possession of the Premises
without terminating this Lease and without being liable for prosecution or claim for damages, and relet, upon reasonable terms, all or
a portion of the Premises (if Landlord elects to enter and relet the Premises, Landlord may at any time thereafter elect to terminate
this Lease); (iii) sue periodically to recover damages during the period corresponding to the portion of the Term for which suit is instituted,
and if Landlord elects to sue and is successful in such suit, Landlord shall be entitled to recover all costs and expenses of such suit,
including reasonable attorneys’ fees, together with interest at the Default Rate; (iv) re-enter the Premises or any portion thereof
and attempt to cure any default of Tenant, or make any such payment or perform such act for the account of and at the expense of Tenant,
in which event Tenant shall, upon demand, reimburse Landlord as additional Rent for all reasonable costs and expenses which Landlord
incurs to cure such default, together with interest at the Default Rate accruing from the date such costs and expenses were incurred,
and Tenant agrees that no such entry or action by Landlord shall constitute an actual or constructive eviction or repossession, without
Landlord’s express intention to do so as expressed in writing, and no such entry shall be deemed an eviction of Tenant; (v) to
the extent permitted by applicable Law, accelerate and recover from Tenant all Rent and other monetary sums scheduled to become due and
owing under this Lease after the date of such breach for the entire Term; and (vi) enforce the provisions of this Lease by a suit or
suits in equity or at law for the specific performance of any covenant or agreement contained herein, or for the enforcement of any other
appropriate legal or equitable remedy. Tenant shall reimburse Landlord for any out-of-pocket expenses which Landlord actually incurs
in complying with the terms of this Lease on behalf of Tenant, together with interest at the Default Rate.

 

		B.	If
Landlord elects to terminate this Lease, Landlord shall be entitled to recover from Tenant all Rent accrued and unpaid for the period
up to and including such termination date, as well as all other additional Rent payable by Tenant, or for which Tenant is liable or for
which Tenant has agreed to indemnify Landlord, which may be then owing and unpaid, and all costs and expenses, including court costs
and reasonable attorneys’ fees, incurred by Landlord in the enforcement of its rights and remedies hereunder, together with interest
at the Default Rate. In addition, Landlord shall be entitled to recover as damages for loss of the bargain and not as a penalty the lesser
of (i) the sum of (1) the amount by which the unpaid Rent for the period which otherwise would have constituted the unexpired portion
of the Term during which such termination occurred exceeds the then fair market rental value of the Premises, both discounted to present
value at the discount rate of the Federal Reserve Bank of San Francisco at the time of the award plus one percent (1%), and (2) any damages
in addition thereto, including without limitation reasonable attorneys’ fees and court costs, which Landlord sustains as a result
of the breach of any of the covenants of this Lease other than for the payment of Rent, and interest at the Default Rate or (ii) the
greatest amount permitted by applicable Law.

 

    44

     

    

 

	 	C.	Unless required by applicable Law, Landlord shall have no obligation to mitigate damages upon the occurrence of an Event of Default. However, if Landlord is required by applicable Law to mitigate Tenant’s damages, Landlord’s obligation shall be satisfied in full if Landlord undertakes to lease the Property (the “Repossessed Property”) to another tenant (a “Substitute Tenant”) in accordance with the following criteria: (1) Landlord shall have no obligation to solicit or entertain negotiations with any other prospective tenants for such Repossessed Property until Landlord obtains full and complete possession of such Repossessed Property including, without limitation, the final and unappealable legal right to relet such Repossessed Property free of any claim of Tenant; (2) Landlord shall not be obligated to lease or show such Repossessed Property, on a priority basis, or offer such Repossessed Property to a prospective tenant when other properties owned by Landlord suitable for that prospective tenant’s use are (or will be) available; (3) Landlord shall not be obligated to lease such Repossessed Property to a Substitute Tenant for a rent less than the current fair market rent then prevailing for similar properties, nor shall Landlord be obligated to enter into a new lease under other terms and conditions that are unacceptable to Landlord under Landlord’s then current leasing policies for comparable properties; (4) Landlord shall not be obligated to enter into a lease with a Substitute Tenant whose use would: (i) violate any restriction, covenant, or requirement contained in the lease of another tenant of the Property; or (ii) adversely affect the reputation of the Property; and (5) Landlord shall not be obligated to enter into a lease with any proposed Substitute Tenant which does not have, in Landlord’s reasonable opinion, sufficient financial resources to operate such Repossessed Property in a first-class manner and to fulfill all of the obligations in connection with the lease thereof as and when the same become due. No reletting shall be construed as an election on the part of Landlord to terminate this Lease unless a written notice of such intention is given to Tenant by Landlord. Notwithstanding any such reletting without termination, Landlord may at any time thereafter elect to terminate this Lease for such previous default and/or exercise its rights under Section 24.A and Section 24.B.

 

	 	D.	Pursuit of any of the above stated remedies by Landlord after an Event of Default shall not preclude pursuit of any other remedy provided in this Lease or at Law or in equity, nor shall pursuit of any remedy constitute forfeiture or waiver of any remedy of Landlord or payment due to Landlord. No waiver by Landlord of any violation or breach of any of the terms, provisions and covenants herein contained shall be deemed or construed to constitute a waiver of any other violation or breach of any of the terms, provisions and covenants herein contained. Forbearance by Landlord to enforce one or more of the remedies herein provided upon an Event of Default shall not be deemed or construed to constitute a waiver of any other violation or default. Once an Event of Default occurs, Landlord shall not be obligated to accept any cure of such Event of Default, and such Event of Default shall continue unless and until Landlord states in writing, in its sole and absolute discretion, that no Event of Default exists under this Lease.

 

    45

     

    

 

25.
RESERVED.

 

26.
ESTOPPEL CERTIFICATE.

 

	 	A.	At any time, and from time to time, Tenant shall, promptly and in no event later than ten (10) days after a request from Landlord, execute, acknowledge and deliver to Landlord a certificate in the form attached hereto as Exhibit D or such other form as may be supplied by Landlord certifying: (i) that Tenant has accepted the Premises; (ii) that this Lease is in full force and effect and has not been modified (or if modified, setting forth all modifications); (iii) the commencement and expiration dates of the Term, including the terms of any extension options of Tenant; (iv) the date to which the rentals have been paid under this Lease and the amount thereof then payable; (v) whether there are then any existing defaults by Landlord in the performance of its obligations under this Lease, and, if there are any such defaults, specifying the nature and extent thereof; (vi) that Tenant is not in default under this Lease beyond any grace or cure periods, except as to defaults specified in the certificate; (vii) the capacity of the person executing such certificate, and that such person is duly authorized to execute the same on behalf of Tenant; (viii) that Landlord has no actual involvement in the management or control of decision making related to the operational aspects or the day-to-day operations of the Premises; and (ix) any other information reasonably requested by Landlord.

 

	 	B.	At any time, and from time to time, Tenant shall, at Landlord’s request, use commercially reasonable efforts to obtain estoppel certificates, in a form requested by Landlord or any Landlord Mortgagee, from any applicable counterparties under any applicable declarations, covenants, conditions and restrictions, reciprocal easement agreements, development agreements, operations and maintenance agreements, or other encumbrances.

 

    46

     

    

 

27.
HAZARDOUS MATERIALS.

 

Notwithstanding anything contained herein to the contrary:

 

		A.	Tenant
covenants and agrees that it shall not cause, conduct, authorize or allow (i) the presence, generation, transportation, storage, treatment,
or usage at the Premises, or any portion thereof, of any Hazardous Material in violation of or as would give rise to liability under
any Environmental Laws; (ii) a Release or threat of Release of any Hazardous Material on, under, about or in the Premises; or
(iii) any violation of or liability under any Environmental Law at or with respect to the Premises or activities conducted thereon. For
avoidance of doubt, nothing in this Section 27.A shall prohibit Tenant from using at the Premises (I) cleaning materials, pesticides,
and other common household, office products, and general industrial products and/or (II) materials in connection with any fuel tanks,
generators or the like on the Premises, solely to the extent, with respect to each of the preceding clauses (I) and (II), that any such
use thereof is in compliance with Environmental Laws.

 

	 	B.	Tenant shall, at its own cost, comply and ensure that the Premises and all operations and activities at the Premises comply with all Environmental Laws, the terms of this Lease with respect to Hazardous Materials, and the terms of any applicable Encumbrances. Tenant shall, at its own cost, obtain all permits, licenses and authorizations required under Environmental Laws for the operations and activities conducted at the Premises.

 

	 	C.	Tenant shall promptly provide Landlord with written notice of any actual or potential violation of Environmental Laws, any Release of Hazardous Materials in or around the Premises that could impact the Premises or require any investigation, remediation or other response action under Environmental Law, and any claim or threat of a claim asserting any liability under Environmental Laws relating to the Premises, and copies of all reports, site assessments, and material communications, permits or agreements to, from or with any governmental authority or other third party relating to such violation, Release or claim; and

 

	 	D.	If Landlord has reasonable grounds to believe that a violation of Environmental Laws or a Release or threatened Release of Hazardous Materials has occurred at or affecting the Premises, Landlord and Landlord’s Representatives, including such environmental consultants as Landlord may designate, shall have the right upon reasonable prior notice, and subject to Section 15 hereof, to enter the Premises and/or conduct a Phase I site assessment or compliance review, and, if warranted based on the findings of such assessment or review, a Phase II site assessment of the Premises for the purpose of assessing the condition of the Premises or ascertaining that Tenant complies with the terms of this Lease and with all applicable Environmental Laws that relate in any way to the Premises.

 

    47

     

    

 

		E.	If
the presence, Release, threat of Release, presence or placement on, in or around the Premises, or the generation, transportation, storage,
use, treatment, or disposal at or around the Premises of any Hazardous Material by Tenant, Tenant’s Representatives, or by any
third party other than Landlord or Landlord’s Representatives: (i) gives rise to any liability or obligation (including, but not
limited to, any investigatory, remedial, removal, reporting, or other response action) under any Environmental Law, (ii) causes
or threatens to cause any adverse effect on public health or occupational safety and health, (iii) pollutes or threatens to pollute the
environment, or endanger human health, or (iv) otherwise violates Environmental Law, Tenant shall promptly take any and all remedial
and removal actions required by Environmental Laws or otherwise necessary to clean up the Premises to comply with all environmental standards
applicable to the Premises given its use at the time of the remediation and mitigate exposure to liability arising from the Hazardous
Material.

 

		F.	Tenant
shall promptly notify Landlord upon Tenant becoming aware of: (i) any enforcement action, investigation, cleanup, notice of violation,
or other regulatory action taken or threatened against either party or otherwise related to the Premises by any governmental authority
with respect to the presence of any Hazardous Material at the Premises, or the migration thereof from or to other property, (ii) any
demands or claims made or threatened by any governmental authority or other person against either party hereto or otherwise relating
to any actual or alleged violation of or liability under Environmental Laws or relating to any loss or injury resulting from any Hazardous
Material or based on Environmental Laws, (iii) any Release of Hazardous Materials, unlawful discharge, or non-routine, improper or unlawful
disposal or transportation of any Hazardous Material on or from the Premises, and (iv) any matters where Tenant is required by Environmental
Law to give a notice to any governmental authority respecting any Hazardous Materials in, at, on, under or about the Premises, and Tenant
shall thereafter keep Landlord reasonably apprised with respect to the status and Tenant’s actions to resolve such matters, and
shall furnish Landlord with such other documents and information as Landlord may reasonably request with respect thereto. At such times
as Landlord may reasonably request, Tenant shall provide Landlord with a written list identifying any Hazardous Material then actually
known by Tenant to be used, stored, or maintained in, on or upon the Premises. In such case, Tenant shall, if requested by Landlord,
use its commercially reasonable efforts to provide Landlord with information with respect to the use and approximate quantity of each
such material, a copy of any Material Safety Data Sheet issued by the manufacturer therefor, written information concerning the removal,
transportation, and disposal of the same, and such other information as the Landlord may reasonably require or as may be required by
Environmental Laws.

 

    48

     

    

 

	 	G.	Tenant
    shall indemnify, defend and hold Landlord and the Landlord Indemnified Parties harmless, in the manner specified in Section
    21, from and against any and all liability, claim, expense, cause of action, fines, judgments, settlements, investigation,
    monitoring and remediation costs, penalties, losses and damages (including reasonable attorney’s, consultant’s and contractor’s
    fees) resulting or arising from (i) the breach by Tenant of its covenants and agreements set forth in this Section 27, (ii)
    the presence, Release, placement on, in or around the Premises, or the generation, transportation, storage, use, treatment or disposal
    at or around the Premises of any Hazardous Materials before or during the Term by Tenant or any third party other than Landlord or
    Landlord’s Representatives, (iii) any violation of or obligation under Environmental Law before or during the Term by Tenant
    or any third party other than Landlord or Landlord’s Representatives, and (iv) claims by governmental authorities or other
    third parties associated with Hazardous Materials or violations of or obligations under Environmental Laws by Tenant or any third
    party other than Landlord or Landlord’s Representatives, or Hazardous Materials present at, on, under or about the Premises
    before or during the Term, including, without limitation those that were discovered during the Term, which were caused prior to the
    Term by Tenant or its agents, representatives, employees, contractors, subcontractors, licensees or invitees or any third party other
    than Landlord or Landlord’s Representatives. The foregoing indemnity obligations shall survive the expiration or earlier termination
    of this Lease.

 

	 	H.	Without limitation to the foregoing, Tenant shall, at its sole cost and expense, comply with all Environmental Laws relating to the operation and use of all aboveground and underground storage tanks (“Tanks”) at any time located at the Premises, such compliance to include without limitation ensuring that all Tanks are equipped with leak detection systems and otherwise meet all applicable construction standards and technical requirements, are subject to regular inspections and tightness tests to confirm Tank integrity, and are covered by pollution insurance policies or other financial assurance mechanisms to the extent required under Environmental Laws. Tenant shall upon request provide Landlord copies of inspection reports, insurance policies, and other documentation reasonably necessary to confirm the compliance status of such Tanks. In the event of any spills, releases or evidence of leakage from or associated with the use of the Tanks, Tenant shall report the same to the appropriate regulatory agency and shall conduct testing of environmental media to confirm the nature and extent of contamination, complete all remedial and corrective actions required under Environmental Laws with respect to such spill, release or leakage, and upon completion of work provide Landlord a copy of a No Further Action letter or the equivalent determination from the applicable regulatory agency (“NFA”) with respect to the remedial work.

 

		I.	Upon
the expiration or earlier termination of the Lease, at Landlord’s request, Tenant, at its sole expense, shall remove from the Premises
all Tanks in accordance with all Environmental Laws and applicable commercial guidelines, perform post-removal testing of soil and groundwater
to confirm the presence or absence of contamination associated with such Tanks, and to the extent that such removal involves any excavation
or remedial work at the Premises, Tenant shall perform such remediation and restore the Premises to the same grade level as immediately
prior to excavation using clean fill soil, and Tenant shall obtain and provide Landlord a copy of a NFA with respect to the Tank removal
and remedial work, as applicable.

 

    49

     

    

 

28.
PRESS RELEASES.

 

Except for any announcement
intended solely for internal distribution by Landlord or Tenant or any disclosure required by legal, accounting or regulatory requirements
beyond the reasonable control of the disclosing party, all media releases or public announcements (including, but not limited to, promotional
or marketing material) by Landlord or Tenant or either party’s employees or agents relating to this Lease or its subject matter,
or including the name, trade name, trade mark, or symbol of Tenant or an Affiliate of Tenant, or Landlord or an Affiliate of Landlord,
shall be coordinated with and approved in writing by the other party prior to the release thereof; provided, that nothing herein is intended
to require Tenant’s consent to the identification of Tenant or the particulars of this Lease in connection with any marketing of
the Property or any portion thereof by Landlord.

 

29.
HOLDING OVER.

 

Except as set forth below,
if Tenant continues to occupy the Premises or any portion thereof after the expiration or other termination of this Lease or the termination
of Tenant’s right of possession with respect to the Premises, such occupancy shall be that of a tenancy at sufferance. Tenant shall,
throughout the entire holdover period, be subject to all the terms and provisions of this Lease (other than provisions relating to length
of the Term) and shall pay for its use and occupancy an amount (on a per month basis without reduction for any partial months during any
such holdover) equal to (i) one hundred percent (100%) of the additional Rent due under this Lease for the holdover period, and (ii) one
hundred fifty percent (150%) of the monthly Base Rent due in the month immediately prior to the expiration or earlier termination of the
Term. Except as set forth below, no holding over by Tenant or payments of money by Tenant to Landlord after the expiration of the Term
shall be construed to extend the Term or prevent Landlord from recovery of immediate possession of the Premises by summary proceedings
or otherwise. In the event that Tenant continues to occupy the Premises or any portion thereof after the expiration or termination of
this Lease, such occupancy shall be that of a tenancy at sufferance and Tenant shall be liable to Landlord for all direct and consequential
damages which Landlord may suffer by reason of any holding over by Tenant.

 

30.
FINANCIAL COVENANTS.

 

		A.	Within ninety (90) days
                                                                                                                                                               after the end of each calendar quarter, Tenant shall deliver to Landlord complete unaudited financial statements of Guarantor by a
                                                                                                                                                               nationally or regionally recognized public accounting firm, including a balance sheet, profit and loss statement, statement of
                                                                                                                                                               changes in financial condition, income statement with respect to the Property, annual EBITDA projections for the then-current fiscal
                                                                                                                                                               year of Tenant and all other related schedules for the fiscal period then ended.

 

    50

     

    

 

	 	B.	Unless Tenant is a publicly held company (in which case the Tenant’s financial statements are filed with the Securities and Exchange Commission (“SEC”)), within one hundred twenty (120) days after the end of each fiscal year of Tenant, Tenant shall deliver to Landlord, at Tenant’s expense, complete audited financial statements of the Tenant by a nationally or regionally recognized public accounting firm, including a balance sheet as of the year-end and statements of operations, changes in equity and cash flows for the twelve (12) months ended, and related notes to the financial statements thereto (the “Financial Statements”). If Landlord or its Affiliate is a publicly-traded company, the Financial Statements may be included in Landlord’s required public filings with the SEC on an annual basis in satisfaction of the requirements of SEC Regulation S-X.

 

31.
QUIET ENJOYMENT.

 

So long as Tenant is not in
default under this Lease, Landlord shall not take any action to disturb in any material respect Tenant’s quiet enjoyment of the
Premises (subject, however, to the exceptions, reservations and conditions of this Lease). Except to the extent expressly set forth in
this Section 31, Tenant hereby waives any right or defense it may have at law or in equity relating to Tenant’s quiet enjoyment
of the premises.

 

32.
NOTICES.

 

Any notice, demand, request,
or other communication that any party hereto may be required or may desire to give hereunder shall be in writing and shall be deemed
properly given (a) if hand delivered, when delivered; (b) if mailed by United States Certified Mail (postage prepaid, return receipt
requested), three (3) business days after mailing; (c) if by Federal Express or other nationally recognized overnight courier service,
on the next business day after delivered to such courier service for delivery on the next business day; or (d) if by facsimile or e-mail
transmission, on the day of transmission so long as a copy is sent on the same day (or prior thereto) by Federal Express or other nationally
recognized overnight courier service for delivery on the next business day, to the addresses set forth in Section 2 hereof, or
at such other address as the party to be served with notice has furnished in writing to the party seeking or desiring to serve notice
as a place for the service of notice. Attorneys for either party hereto may provide notice of behalf of such party, provided that all
other requirements of this Section 32 are satisfied.

 

33.
PERSONAL LIABILITY.

 

Notwithstanding anything
to the contrary provided in this Lease, it is specifically understood and agreed, such agreement being a primary consideration for
the execution of this Lease by Landlord and Tenant that (i) there shall be absolutely no personal liability on the part of the
direct and indirect members, partners, shareholders, officers, directors, employees and agents of either Landlord or Tenant or their
successors or assigns, to the other party with respect to any of the terms, covenants and conditions of this Lease, (ii) each of
Landlord and Tenant waives against the other party all claims, demands and causes of action against the direct and indirect members,
partners, shareholders, officers, directors, employees and agents of Landlord and its successors or assigns in the event of any
breach of any of the terms, covenants and conditions of this Lease to be performed by the other party, and (iii) Tenant shall look
solely to Landlord’s interest in the Property for the satisfaction of each and every remedy of Tenant in the event of any
breach by Landlord of any of the terms, covenants and conditions of this Lease to be performed by Landlord, or any other matter in
connection with this Lease or the Premises, such exculpation of liability to be absolute and without any exception whatsoever.
Notwithstanding anything to the contrary provided in this Lease, nothing in this Section 33 or otherwise in the Lease shall
limit the obligations of Guarantor under the Guaranty. No breach by Landlord of any provision of this Lease shall give rise to a
right of Tenant to terminate this Lease, it being understood and agreed that Tenant’s sole remedy for any such breach shall be
a claim for actual damages (if any). Furthermore, each of Landlord and Tenant hereby knowingly, voluntarily and intentionally waives
any right it may have to seek punitive, consequential, special and indirect damages from the other party and any of such other
party’s direct and indirect members, partners, shareholders, officers, directors, employees and agents of Landlord and its
successors or assigns with respect to any matter arising out of or in connection with this Lease or any document contemplated herein
or related hereto. The waiver by Landlord and Tenant of any right it may have to seek punitive, consequential, special and indirect
damages has been negotiated by the parties hereto and is an essential aspect of their bargain.

 

    51

     

    

 

34.
ENTIRE AGREEMENT.

 

This Lease represents the
entire agreement and understanding between Landlord and Tenant with respect to the subject matter herein, and there are no representations,
understandings, stipulations, agreements or promises not incorporated in writing herein.

 

35.
AMENDMENTS.

 

No amendments or modifications
of this Lease shall be effective unless such amendment or modification is in writing and executed and delivered by and between Tenant
and Landlord, nor shall any custom, practice or course of dealing between the parties be construed to waive the right to require specific
performance by the other party in compliance with this Lease.

 

36.
LEGAL INTERPRETATION.

 

Each of Landlord and
Tenant hereby agree that the State of Ohio has a substantial relationship to the parties and to the underlying transaction embodied
hereby, and in all respects (including, without limiting the foregoing, matters of construction, validity and performance), this
Lease and the obligations arising hereunder shall be governed by, and construed in accordance with, the laws of the State of Ohio
applicable to contracts made and performed therein and all applicable law of the United States of America; except that, at all
times, the provisions for the creation of the leasehold estate created by this Lease, enforcement of Landlord’s rights and
remedies with respect to right of re-entry and repossession, surrender, delivery, ejectment, dispossession, eviction or other in-rem
proceeding or action regarding the Premises pursuant to Section 24 hereunder shall be governed by and construed according to
the Laws of the State in which the Premises is located, it being understood that, to the fullest extent permitted by law of such
State where the Premises is located, the law of the State of Ohio shall govern the validity and enforceability of this Lease, and
the obligations arising hereunder. To the fullest extent permitted by law, Tenant and Landlord hereby unconditionally and
irrevocably waive any claim to assert that the law of any other jurisdiction governs this Lease. Words of any gender shall be
construed to include any other gender, and words in the singular number shall be construed to include the plural, unless the context
otherwise requires. The headings of the sections have been inserted for convenience only and are not to be considered in any way in
the construction or interpretation of this Lease. Except as otherwise herein expressly provided, the terms of this Lease shall apply
to, inure to the benefit of, and be binding upon, the parties and their respective assigns, successors and legal representatives.
Any legal suit, action or proceeding against Tenant arising out of or relating to this Lease may be instituted in any federal court
in the Northern District of Ohio or state court sitting in Stark County, State of Ohio, and Landlord and Tenant each waives any
objection which it may now or hereafter have to the laying of venue of any such suit, action or proceeding in such federal district
or county and state, and Landlord and Tenant each hereby expressly and irrevocably submits to the jurisdiction of any such court in
any suit, action or proceeding. In this Lease, the words “include”, “includes” or “including”
mean “include without limitation”, “includes without limitation” and “including without
limitation”, respectively, and the words following “include”, “includes” or “including”
shall not be considered to set forth an exhaustive list.

 

    52

     

    

 

37.
INTENTIONALLY OMITTED.

 

38.
AUTHORITY TO ENTER INTO LEASE.

 

Each of Tenant and Landlord
represents and warrants (a) that the individual executing this Lease on its behalf is duly authorized to execute and deliver this Lease
on behalf of the corporation, limited liability company or partnership, as the case may be, and (b) that this Lease is binding on the
corporation, limited liability company and the partnership in accordance with its terms.

 

39.
PARTIES BOUND.

 

The preparation and submission
of a draft of this Lease by either party to the other party shall not constitute an offer, nor shall either party be bound to any terms
of this Lease or the entirety of this Lease, until both parties have fully executed a final document. Until such time as described in
the previous sentence, either party is free to terminate negotiations without penalty or any further obligation to the other party.

 

40.
COUNTERPARTS; ELECTRONIC SIGNATURES.

 

This Lease may be
executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become a binding
agreement when one or more counterparts have been signed by each of the parties and delivered to the other party. Signatures to this
Lease, any amendment hereof and any notice given hereunder, delivered electronically via .pdf, .jpeg, .TIF, .TIFF or similar
electronic format shall be deemed an original signature and fully effective as such for all purposes. Each party agrees to deliver
promptly an executed original of this Lease (and any amendment hereto) with its actual signature to the other party, but a failure
to do so shall not affect the enforceability of this Lease (or any amendment hereto), it being expressly agreed that each party to
this Lease shall be bound by its own electronically transmitted signature and shall accept the electronically transmitted signature
of the other party to this Lease.

 

    53

     

    

 

41.
SEVERABILITY.

 

If any term or other provision
of this Lease is invalid, illegal, or incapable of being enforced by any rule of law or public policy, all of the other conditions and
provisions of this Lease will nevertheless remain in full force and effect. Upon such determination that any term or other provision is
invalid, illegal, or incapable of being enforced, the parties hereto will negotiate in good faith to modify this Lease so as to reflect
the original intent of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby
are fulfilled to the extent possible.

 

42.
WAIVER OF JURY TRIAL; CONSEQUENTIAL DAMAGES.

 

LANDLORD AND TENANT HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT EITHER MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY AND ALL ISSUES PRESENTED
IN ANY ACTION, PROCEEDING, CLAIM OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES HERETO AGAINST THE OTHER OR ITS SUCCESSORS WITH RESPECT
TO ANY MATTER ARISING OUT OF OR IN CONNECTION WITH THIS LEASE, THE RELATIONSHIP OF LANDLORD AND TENANT, TENANT’S USE OR OCCUPANCY
OF THE PREMISES, AND/OR ANY CLAIM FOR INJURY OR DAMAGE, OR ANY EMERGENCY OR STATUTORY REMEDY. THIS WAIVER BY THE PARTIES HERETO OF ANY
RIGHT EITHER MAY HAVE TO A TRIAL BY JURY HAS BEEN NEGOTIATED AND IS AN ESSENTIAL ASPECT OF THEIR BARGAIN.

 

43.
MEMORANDUM OF LEASE. This Lease shall not be recorded, either independently or as an exhibit, schedule, annex, or addendum
to any other document. However, at Tenant’s or Landlord’s election, a Memorandum of Lease in the form annexed hereto as Exhibit
E, shall be executed, acknowledged and delivered for recording in the county in which the Premises is located by both parties with
the costs of recording the Memorandum of Lease to be borne by Tenant. Tenant shall execute, acknowledge and deliver to Landlord a release
of the Memorandum of Lease in recordable form within five (5) days following the expiration or earlier termination of this Lease in accordance
with its terms. If Tenant fails to so execute, acknowledge and deliver the release within such five (5) day period, Landlord shall hereby
be deemed to be Tenant’s attorney-in-fact for the sole purpose of executing and recording the release on behalf of Tenant. Tenant
shall pay any and all recording and other costs, fees and taxes in connection with the execution and recordation of the Memorandum of
Lease.

 

44. BROKERS.
Tenant warrants that it has had no dealings with any broker or agent in connection with this Lease, the commission for which shall
be paid by Tenant. Tenant covenants and agrees to pay, hold harmless and indemnify Landlord and Landlord Mortgagee for any
compensation, commissions and charges claimed by any other broker or agent with respect to this Lease, based on Tenant’s
actions. Landlord covenants and agrees to pay, hold harmless and indemnify Tenant for any compensation, commissions and charges
claimed by any broker or agent with respect to this Lease, based on Landlord’s actions.

 

    54

     

    

 

45.
GUARANTY. Simultaneously with the execution of this Lease, Tenant shall deliver to Landlord a fully executed copy of the
Unconditional Guaranty of Payment and Performance attached hereto as Exhibit G (the “Guaranty”) executed by
the Guarantor named in Section 2 hereof.

 

46.
REIT PROTECTION. The parties hereto intend that Rent and other amounts paid by Tenant hereunder will qualify as “rents
from real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto and this Lease
shall be interpreted consistent with this intent.

 

		A.	Anything
contained in this Lease to the contrary notwithstanding, Tenant shall not without Landlord’s advance written consent (which consent
shall not be unreasonably withheld) (i) sublet, assign or enter into a management arrangement for the Premises on any basis such that
the rental or other amounts to be paid by the subtenant, assignee or manager thereunder would be based, in whole or in part, on either
(x) the income or profits derived by the business activities of the subtenant, assignee or manager or (y) any other formula such that
any portion of any amount received by Landlord would fail to qualify as “rents from real property” within the meaning of
Section 856(d) of the Code, or any similar or successor provision thereto; (ii) furnish or render any services to the subtenant, assignee
or manager or manage or operate the Premises so subleased, assigned or managed; (iii) sublet, assign or enter into a management arrangement
for the Premises to any Person (other than a “taxable REIT subsidiary” (within the meaning of Section 856(l) of the Code)
of OSREC) in which Landlord or OSREC owns an interest, directly or indirectly (by applying constructive ownership rules set forth in
Section 856(d)(5) of the Code); or (iv) sublet, assign or enter into a management arrangement for the Premises in any other manner which
could cause any portion of the amounts received by Landlord pursuant to this Lease or any sublease to fail to qualify as “rents
from real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto, or which could
cause any other income of Landlord to fail to qualify as income described in Section 856(c)(2) of the Code. The requirements of this
Section 40.1(a) shall likewise apply to any further subleasing by any subtenant.

 

		B.	Anything
contained in this Lease to the contrary notwithstanding, the parties acknowledge and agree that Landlord, in its sole discretion, may
assign this Lease or any interest herein to another person or entity (including without limitation, a “taxable REIT subsidiary”
(within the meaning of Section 856(l) of the Code)) in order to maintain Landlord’s status as a “real estate investment trust”
(within the meaning of Section 856(a) of the Code); provided, however, Landlord shall be required to (i) comply with any applicable legal
requirements related to such transfer and (ii) give Tenant notice of any such assignment; and provided, further, that any such assignment
shall be subject to all of the rights of Tenant hereunder.

 

    55

     

    

 

	 	C.	Notwithstanding any provision contained in this Lease to the contrary, upon request of Landlord, Tenant shall cooperate with Landlord in good faith and at no cost or expense to Tenant, and provide such documentation and/or information as may be in Tenant’s possession or under Tenant’s control and otherwise readily available to Tenant as shall be reasonably requested by Landlord in connection with verification of its “real estate investment trust” (within the meaning of Section 856(a) of the Code) compliance requirements. Notwithstanding any provision contained in this Lease to the contrary, Tenant shall take such reasonable action as may be requested by Landlord from time to time in order to ensure compliance with the Internal Revenue Service requirement that Rent allocable for purposes of Section 856 of the Code to personal property, if any, at the beginning and end of a calendar year does not exceed fifteen percent (15%) of the total Rent due hereunder as long as such compliance does not (i) increase Tenant’s monetary obligations under this Lease or (ii) materially and adversely increase Tenant’s nonmonetary obligations under this Lease or (iii) materially diminish Tenant’s rights under this Lease.

 

	 	D.	Tenant acknowledges that Landlord’s direct or indirect parent intends to qualify as a “real estate investment trust” (within the meaning of Section 856(a) of the Code). Tenant agrees that it will not knowingly or intentionally take or omit to take any action, or permit any status or condition to exist at the Premises, which Tenant actually knows (acting in good faith) would or could result in the Rent payable under this Lease not qualifying as “rents from real property” within the meaning of Section 856(d) of the Code.

 

47. OHIO
GOVERNMENTAL FINANCING PROGRAMS. Notwithstanding anything to the contrary in this Lease, Tenant may enter into or
permit any future Encumbrances on the Property related to governmental related financing programs including Ohio PACE related
financing, Tax Increment Financing (TIF), Resort and Tourism Development District Tax related financing (TDD), payments in lieu of
taxes arrangements, and Transformational Mixed-Use Development (TMUD) related financing (collectively, the “Ohio Government
Financing Programs”) without Landlord’s prior written consent, so long as (1) the total principal amount of any Ohio
PACE related financing (or any other Ohio Government Financing Programs other than TIF financing that would result in an Encumbrance
on Landlord’s fee estate in the Property) does not exceed $40,000,000.00 in the aggregate for all such arrangements, (2) as a
condition to the funding of amounts under Ohio PACE related financing or Tax Increment Financing (TIF) related financing (or similar
financing that would result in an Encumbrance on Landlord’s fee estate in the Property), Tenant shall be required to have
funded Tenant’s portion of the applicable improvements, (3) with respect to any Tax Increment Financing (TIF), the Minimum
Service Payments described in the TIF Declaration are not increased or expanded as a result of such financing, and (4) all
documentation relating to Ohio Government Financing Programs, including, without limitation, the TIF Cooperative Agreement
contemplated by the TIF Declaration, shall subject to Landlord’s prior written approval (such approval not to be unreasonably
withheld). Any Encumbrances resulting from an Ohio Government Financing Program permitted under this Section 47 shall be a
“Permitted Encumbrance” under this Lease.

 

[Signatures on following page]

 

    56

     

    

 

IT WITNESS WHEREOF, the undersigned have
executed this Lease Agreement effective as of the date first written above.

 

	 	LANDLORD:
	 	 
	 	HFAKOH00I LLC,
	 	a Delaware limited liability company
	 	 
	 	By:	/s/ Michael Reiter
	 	Name: 	Michael Reiter
	 	Title: 	Authorized Officer

 

State of Illinois0

County of Cooke)

 

I, the undersigned authority,
a Notary Public in and for said County in said State, hereby certify that Michael Reiter, whose name as Authorized Officer of HFAKOH00I
LLC, a Delaware limited liability company, is signed to the foregoing instrument, and who is known to me, acknowledged before me on this
day that, being informed of the contents of said instrument, he, as such Authorized Officer and with full authority, executed the same
voluntarily for and as the act of said limited liability company, acting in its capacity as Authorized Officer of said limited liability
company as aforesaid.

 

Given under my hand and
official seal, this 7th day of November, 2022.

 

	 	 	 	 
		 	Notary Public	 

 

AFFIX SEAL

 

	My commission expires:  	 	 

 

HEATHER PATRICIA BEA

Officfal Seal

Notary
Publfc • State of lll!riols

My
Commission Expires Feb 10, 2024

 

    57

     

    

 

	 	TENANT:
	 	 	 
	 	HOF VILLAGE WATERPARK, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	/s/ Michael Crawford
	 	Name: 	Michael Crawford
	 	Title:	President and Chief Executive Officer

 

    58

     

    

 

EXHIBIT A

TO

LEASE AGREEMENT

 

BASE RENT SCHEDULE 

 

	Lease Year	 	Base Rent	 
	1	 	$	4,375,000.00	 
	2	 	$	4,484,375.00	 
	3	 	$	4,596,484.38	 
	4	 	$	4,711,396.48	 
	5	 	$	4,829,181.40	 
	6	 	$	4,949,910.93	 
	7	 	$	5,073,658.70	 
	8	 	$	5,200,500.17	 
	9	 	$	5,330,512.68	 
	10	 	$	5,463,775.49	 
	11	 	$	5,600,369.88	 
	12	 	$	5,740,379.13	 
	13	 	$	5,883,888.61	 
	14	 	$	6,030,985.82	 
	15	 	$	6,181,760.47	 
	16	 	$	6,336,304.48	 
	17	 	$	6,494,712.09	 
	18	 	$	6,657,079.89	 
	19	 	$	6,823,506.89	 
	20	 	$	6,994,094.56	 
	21	 	$	7,168,946.93	 
	22	 	$	7,348,170.60	 
	23	 	$	7,531,874.86	 
	24	 	$	7,720,171.74	 
	25	 	$	7,913,176.03	 
	26	 	$	8,111,005.43	 
	27	 	$	8,313,780.57	 
	28	 	$	8,521,625.08	 
	29	 	$	8,734,665.71	 
	30	 	$	8,953,032.35	 
	31	 	$	9,176,858.16	 
	32	 	$	9,406,279.61	 
	33	 	$	9,641,436.60	 
	34	 	$	9,882,472.52	 
	35	 	$	10,129,534.33	 
	36	 	$	10,382,772.69	 
	37	 	$	10,642,342.01	 
	38	 	$	10,908,400.56	 
	39	 	$	11,181,110.57	 
	40	 	$	11,460,638.33	 
	41	 	$	11,747,154.29	 
	42	 	$	12,040,833.15	 
	43	 	$	12,341,853.98	 
	44	 	$	12,650,400.33	 
	45	 	$	12,966,660.34	 
	46	 	$	13,290,826.85	 
	47	 	$	13,623,097.52	 
	48	 	$	13,963,674.95	 
	49	 	$	14,312,766.83	 
	50	 	$	14,670,586.00	 

 

    59

     

    

 

	Lease Year	 	Base Rent	 
	51	 	$	15,037,350.65	 
	52	 	$	15,413,284.41	 
	53	 	$	15,798,616.53	 
	54	 	$	16,193,581.94	 
	55	 	$	16,598,421.49	 
	56	 	$	17,013,382.02	 
	57	 	$	17,438,716.57	 
	58	 	$	17,874,684.49	 
	59	 	$	18,321,551.60	 
	60	 	$	18,779,590.39	 
	61	 	$	19,249,080.15	 
	62	 	$	19,730,307.15	 
	63	 	$	20,223,564.83	 
	64	 	$	20,729,153.95	 
	65	 	$	21,247,382.80	 
	66	 	$	21,778,567.37	 
	67	 	$	22,323,031.56	 
	68	 	$	22,881,107.35	 
	69	 	$	23,453,135.03	 
	70	 	$	24,039,463.41	 
	71	 	$	24,640,449.99	 
	72	 	$	25,256,461.24	 
	73	 	$	25,887,872.77	 
	74	 	$	26,535,069.59	 
	75	 	$	27,198,446.33	 
	76	 	$	27,878,407.49	 
	77	 	$	28,575,367.68	 
	78	 	$	29,289,751.87	 
	79	 	$	30,021,995.67	 
	80	 	$	30,772,545.56	 
	81	 	$	31,541,859.20	 
	82	 	$	32,330,405.68	 
	83	 	$	33,138,665.82	 
	84	 	$	33,967,132.46	 
	85	 	$	34,816,310.77	 
	86	 	$	35,686,718.54	 
	87	 	$	36,578,886.51	 
	88	 	$	37,493,358.67	 
	89	 	$	38,430,692.64	 
	90	 	$	39,391,459.95	 
	91	 	$	40,376,246.45	 
	92	 	$	41,385,652.61	 
	93	 	$	42,420,293.93	 
	94	 	$	43,480,801.28	 
	95	 	$	44,567,821.31	 
	96	 	$	45,682,016.84	 
	97	 	$	46,824,067.26	 
	98	 	$	47,994,668.94	 
	99	 	$	  49,194,535.67	 

 

    60

     

    

 

EXHIBIT B

TO

LEASE
AGREEMENT

 

PREMISES

 

Situated in the City of Canton, Stark County,
State of Ohio, being all of O.L. 1469 on that certain HOF Village Replat recorded in the Office of the Recorder of Stark County as Instrument
Number 202203250013418, containing 4.9282 acres, more or less.

 

APN: 10014331

 

    61

     

    

 

EXHIBIT C

TO

LEASE AGREEMENT

 

RESERVED

 

    62

     

    

 

EXHIBIT D

TO

LEASE AGREEMENT

 

FORM ESTOPPEL CERTIFICATE 

ESTOPPEL CERTIFICATE

 

This ESTOPPEL CERTIFICATE (this “Estoppel”)
is made as of ______________, by HOF VILLAGE WATERPARK, LLC, a Delaware limited liability company (“Tenant”), based upon the
following facts and understandings of Tenant:

 

RECITALS

 

		A.	Tenant is the tenant under
                                                                                                                                                               that certain Lease Agreement (the “Lease”), dated as of November ________ , 2022, between Tenant and HFAKOH001
                                                                                                                                                               LLC, a Delaware limited liability company, as landlord (“Landlord”) of certain real property commonly known
                                                                                                                                                               as ______________, and as more particularly described in the Lease (the “Property”).

 

		B.	HOF Village Newco, LLC, a
                                                                                                                                                               Delaware limited liability company (“Guarantor”) is the guarantor under that certain Unconditional Guaranty of
                                                                                                                                                               Payment and Performance, dated as of November ___________ , 2022, by Guarantor in favor of Landlord (the
                                                                                                                                                               “Guaranty”, and together with the Lease, collectively, the “Agreements”).

 

		C.	Landlord
has requested that Tenant provide this Estoppel pursuant to Section 27 of the Lease and Section 10 of the Guaranty.

 

		D.	[IF
APPLICABLE] Landlord has agreed to convey the Property to ______________, a ______________ (“Purchaser”). As
a condition to Purchaser purchasing the Property, Purchaser has required that Tenant furnish certain assurances to, and make certain
agreements with, Purchaser, as set forth below.

 

		E.	[IF APPLICABLE] [Landlord]
                                                                                                                                                               [Purchaser], as borrower or as co-borrower with one or more other co-borrower(s), has applied to ______________, a ______________
                                                                                                                                                               (together with its successors and assigns, “Lender”) for a loan (“Loan”), which will be
                                                                                                                                                               secured by, among other things, a mortgage, encumbering the Property. As a condition to making the Loan, Lender has required that
                                                                                                                                                               Tenant furnish certain assurances to, and make certain agreements with, Lender, as set forth below.

 

		F.	Capitalized
terms used but not otherwise defined herein shall have the definitions given such terms pursuant to the terms of the Lease.

 

    63

     

    

 

THEREFORE, [as a material inducement to Lender
to make the Loan and Purchaser to purchase the Property], Tenant warrants and represents to, and agrees with, Landlord, [Lender] and [Purchaser]
as follows:

 

1.
ESTOPPEL.

 

Tenant and Guarantor each warrant and represent to Landlord, [Lender]
and [Purchaser], as of the date hereof, that:

 

		1.1	Agreements
Effective. Attached hereto as Exhibit A-1 is a true, complete and accurate copy of the Lease. Attached hereto as Exhibit
A-2 is a true, complete and accurate copy of the Guaranty. The Agreements have been duly executed and delivered by Tenant and are
in full force and effect, the obligations of Tenant thereunder are valid and binding, and there have been no modifications or additions
to the Agreements, written or oral, other than those, if any, which are attached on Exhibit A-1 and Exhibit A-2 attached
hereto and made a part hereof. There are no other promises, agreements, understandings or commitments between Landlord and Tenant relating
to the Property, and Tenant has not given Landlord any notice of termination under the Lease.

 

	 	1.2	Possession.
    Tenant is in full and complete possession of the Property and has accepted the Property, including any tenant improvements or other
    work of Landlord performed thereon pursuant to the terms and provisions of the Lease, and the Property is in compliance with the
    Lease. There are no contributions, credits, free rent, rent abatements, deductions, concessions, rebates, unpaid or unreimbursed
    construction allowances, offsets or other sums due to Tenant from LandlordundertheLease,except ________________________________________________________.

.

		1.3	Minimum Rent. The
                                                                                                                                                                  current monthly Base Rent under the Lease is $ __________, subject to any escalation and/or additional Rent charges provided
                                                                                                                                                                  in the Lease, and such Base Rent is current as of the date hereof.

 

		1.4	Additional
Rent.The current monthly additional Rent under the Lease is $ ______________, and such additional Rent is current
within thirty (30) days as of the date hereof.

 

		1.5	Rental
Payment Commencement Date. The Base Rent stated in Section 1.3 above began on November __, 2022.

 

		1.6	Rentable
Area. The rentable area of the Building located upon the Premises is ___________ square feet.

 

		1.7	Commencement
Date. The Term of the Lease commenced on November __, 2022.

 

		1.8	Expiration
Date. The Term of the Lease will expire on November 30, 2121 (unless sooner terminated or extended in accordance with the Lease).

 

		1.9	Options
to Renew or Extend. Tenant has no option to renew or extend the Term of the Lease.

 

		1.10	No
Default. There exists no breach, default, or event or condition which, with the giving of notice or the passage of time or both,
would constitute a breach or default under the Agreements by Tenant or, to Tenant’s knowledge, Landlord, except as follows:
______________ (if none, write “None”). Tenant has no existing claims, defenses or offsets against Rent due or to become
due under the Lease, except as follows: ______________ (if none, write “None”).

 

    64

     

    

 

	 	1.11	Entire
    Agreement. The Agreements constitute the entire agreement between Landlord and Tenant with respect to the Property, and Tenant
    claims no rights of any kind whatsoever with respect to the Property, other than as set forth in the Lease, except as follows:
    ______________ (if none, write “None”).

 

		1.12	No
Deposits or Prepaid Rent. No deposits, including security deposits, or prepayments of Rent have been made in connection with the
Lease, except: ________________ (if none, write “None”). None of the Rent has been paid more than one (1) month in
advance.

 

		1.13	[No ] Purchase Option
                                                                                                                                                                   or Preferential Right to Purchase. Tenant [does][does not] have any option or preferential right to purchase all or any part of
                                                                                                                                                                   the Property. [Note: depends on date of estoppel certificate.]

 

	 	1.14	Authority. The undersigned representatives of Tenant are each duly authorized and fully qualified to execute this instrument on behalf of Tenant thereby binding Tenant.

 

	 	1.15	Financial Condition; Bankruptcy. There are no voluntary or involuntary actions pending against Tenant under the bankruptcy laws of the United States or any state thereof.

 

2.
HEIRS, SUCCESSORS AND ASSIGNS. The covenants herein shall be binding upon, and inure to the benefit of, the heirs, successors
and assigns of the parties hereto. Whenever necessary or appropriate to give logical meaning to a provision of this Estoppel, the term
“Landlord” shall be deemed to mean the then current owner of the Property and the landlord’s interest in the Lease.

 

[Signature Page to Follow]

 

    65

     

    

 

IN WITNESS WHEREOF, Tenant has executed this instrument as of the date
first listed above.

 

	 	TENANT:
	 	 
	 	HOF VILLAGE WATERPARK, LLC, a Delaware
	 	limited liability company
	 	 
	 	By:	 
	 	Name: 	 
	 	Title:	 
	 	 
	 	GUARANTOR:
	 	 
	 	HOF VILLAGE NEWCO, LLC,
	 	a Delaware limited liability company
	 	 
	 	By:	 
	 	Name:	                      
	 	Title:	 

 

    66

     

    

 

EXHIBIT A-1

TO ESTOPPEL CERTIFICATE

 

LEASE AND AMENDMENTS
(IF ANY)

 

[Attached]

 

    67

     

    

 

EXHIBIT A-2

TO ESTOPPEL CERTIFICATE

 

GUARANTY AND AMENDMENTS (IF ANY)

 

[Attached]

 

    68

     

    

 

EXHIBIT B

TO ESTOPPEL CERTIFICATE

 

SUBLEASES (IF ANY)

 

[Attached]

 

    69

     

    

 

EXHIBIT E

TO

LEASE AGREEMENT

 

FORM OF MEMORANDUM OF LEASE

 

THIS INSTRUMENT PREPARED BY, 

AND RECORD AND RETURN TO:

 

Kirkland & Ellis LLP

300 North LaSalle

Chicago, IL 60654

ATTN: David A. Rosenberg, P.C.

 

MEMORANDUM OF LEASE AGREEMENT

 

	Grantor:	HFAKOH001 LLC, a Delaware limited liability company (Landlord):
	Grantee:	HOF Village Waterpark, LLC (Tenant)
	Legal Description:	See legal description on Exhibit A
	Assessor’s Tax Parcel No.	10014331

 

THIS MEMORANDUM OF LEASE AGREEMENT
(this “Memorandum”) is made as of this 7th day of November, 2022, by and between HFAKOH001 LLC, a Delaware limited
liability company (“Landlord”), and HOF VILLAGE WATERPARK, LLC, a Delaware limited liability company (“Tenant”).

 

1. Memorandum of
Lease of Premises. This Memorandum is recorded in connection with, and as evidence of, that certain Lease Agreement (the
“Lease”) dated as of November 7, 2022, as may be amended from time to time, by and between Landlord and Tenant
for that certain real property and the improvements thereon described on Exhibit A attached hereto and made a part hereof
(the “Premises”). The Lease is incorporated by reference into this Memorandum. Capitalized terms used herein and
not otherwise defined shall have the meanings ascribed to such terms in the Lease.

 

2. Lease Term and
Certain Other Provisions. The initial Term of the Lease commenced on November 7, 2022 and expires on November 30, 2121. Tenant
has no options to extend the initial Term of the Lease. Tenant has an option to purchase the Property that may be exercised during
the period beginning on December 1, 2027, and ending on November 30, 2034 pursuant to and in accordance with the terms and
conditions of a certain Purchase Option Agreement.

 

3. Purpose of
Memorandum; Conflicting Provisions. The purpose of this Memorandum is to make the Lease a matter of public record. If a
provision of this Memorandum conflicts with a provision in the Lease, the provision in the Lease will control.

 

4. Counterparts.
This Memorandum may be executed in multiple counterparts, each of which shall be deemed an original instrument, and all of which,
taken together, shall constitute one and the same instrument. The signature of a party hereto to any counterpart hereof shall be
deemed a signature to, and may be appended to, any other counterpart hereof.

 

[Signature Pages Follow]

 

    70

     

    

 

IN WITNESS WHEREOF, Landlord and Tenant have duly
executed this Memorandum of Lease Agreement as of the day and year first above written.

 

	 	LANDLORD:
	 	 
	 	HFAKOH001 LLC, 

a Delaware limited liability company
	 	 
	 	By:	 
	 	Name: 	 
	 	Title:	               

 

STATE OF ________________)

COUNTY OF _______________)

 

I, the undersigned authority,
a Notary Public in and for said County in said State, hereby certify that ________________________
, whose name as _______________________ of HFAKOH001 LLC, a Delaware limited liability company, is signed to the foregoing instrument,
and who is known to me, acknowledged before me on this day that, being informed of the contents of said instrument, he, as such [officer]
and with full authority, executed the same voluntarily for and as the act of said limited liability company, acting in its capacity as
_______________________ of said limited liability company as aforesaid.

 

Given under my hand and official
seal, this  _______ day of November, 2022.

 

	 	 
		Notary Public

 

AFFIX SEAL

 

My commission expires: ____________________________

 

    71

     

    

 

EXHIBIT A

Legal Description of Premises

 

Situated in the City of Canton, Stark County,
State of Ohio, being all of O.L. 1469 on that certain HOF Village Replat recorded in the Office of the Recorder of Stark County as Instrument
Number 202203250013418, containing 4.9282 acres, more or less.

 

APN: 10014331

 

    72

     

    

 

EXHIBIT F

TO

LEASE AGREEMENT

 

INTENTIONALLY OMITTED

 

    73

     

    

 

EXHIBIT G

TO

LEASE AGREEMENT

 

FORM OF GUARANTY

 

[See attached]

 

    74

     

    

 

LIMITED RECOURSE CARVEOUT GUARANTY

 

THIS LIMITED RECOURSE CARVEOUT
GUARANTY (this “Guaranty”) is made as of November 7, 2022 by HOF VILLAGE NEWCO, LLC, a Delaware
limited liability company (“Guarantor”), to HFAKOH001 LLC, a Delaware limited liability company
(“Landlord”).

 

R E C I T A L S

 

A.
Concurrently with the delivery of this Guaranty, (i) Landlord has purchased from HOF Village Waterpark, LLC, a Delaware limited liability
company (“Tenant”, and collectively with Guarantor and any affiliate of the same, “Tenant Parties”),
certain real property located in Canton, Ohio, with an APN of 10014331, pursuant to that certain Agreement of Purchase and Sale (“Purchase
Agreement”) by and between Tenant, as seller, and Landlord, as buyer, and (ii) Landlord and Tenant have entered into that certain
Lease Agreement dated as of the date hereof (the “Lease”), for the Premises (as defined in the Lease).

 

B.
Tenant is an affiliate of Guarantor and Guarantor will derive substantial economic benefit from the execution and delivery of the Lease.

 

C.
Guarantor acknowledges that Landlord would not enter into the Lease unless this Guaranty accompanied the execution and delivery of the
Lease.

 

D.
Guarantor hereby acknowledges receipt of a copy of the Lease.

 

NOW, THEREFORE, in
consideration of the execution and delivery of the Lease and of other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Guarantor covenants and agrees as follows:

 

1. DEFINITIONS.
Defined terms used in this Guaranty and not otherwise defined herein have the meanings assigned to them in the Lease.

 

2.
COVENANTS OF GUARANTOR.

 

		A.	Guarantor
absolutely, unconditionally and irrevocably guarantees, as a primary obligor and not merely as a surety:

 

(i) payment of losses, costs,
liabilities, expenses, claims, actions, damages, and fines, including reasonable attorneys’ fees, sustained by Landlord as a
result of (a) fraud, intentional misrepresentation, or intentional failure to disclose a material fact concerning the Property or
Tenant by Tenant or any of its Affiliates; (b) the gross negligence, willful misconduct, or illegal acts of Tenant or its Affiliates
with respect to the Property or the Lease; (c) the breach of any representation, warranty, covenant or indemnification provision in
the Purchase Agreement concerning environmental laws or hazardous substances, or any indemnification of Landlord and other
applicable indemnified parties with respect thereto, in any of the Purchase Agreement or the Lease; (d) intentional physical waste
of the Property by any Tenant Party or any Person at the direction of any of the foregoing; (e) the removal or disposal of any
portion of the Property during the existence of an Event of Default; (f) failure to pay charges for labor or materials or other
charges that create a Lien on any portion of the Property; (g) Tenant’s failure to obtain and maintain the fully paid for
insurance policies in accordance with the Lease; (h) Tenant’s failure to pay all Taxes prior to the same becoming delinquent;
(i) Tenant filing a voluntary petition under the Bankruptcy Code or any other Federal or state bankruptcy or insolvency law; (j) the
filing of an involuntary petition against Tenant under the Bankruptcy Code or any other Federal or state bankruptcy or insolvency
law by a Tenant Party or any other Person at the direction of any of the foregoing, or by any other Person with respect to which any
Tenant Party colludes with or otherwise assists;

 

    75

     

    

 

(ii) except to the extent of
Landlord’s proportionate share of costs attributable to the Property relating to ongoing operation and maintenance of
infrastructure and improvements in existence as of the date hereof that serve the Property, payment of losses, costs, liabilities,
expenses, claims, actions, damages, and fines, including reasonable attorneys’ fees, sustained by Landlord as a result of a
claim by any party that Landlord, during the entire Term of the Lease (notwithstanding any earlier termination thereof) owes any
payment, assessment, liability, or other obligation under the following agreements in connection with the development of the larger
entertainment related complex known as the Hall of Fame Village: (a) Reciprocal Easement and Restrictive Covenant Agreement for the
HOF Village Complex dated as of February 26, 2016, and recorded in Instrument No. 201603110009295 of the Stark County Official
Records, as amended by that First Amendment to Reciprocal Easement and Restrictive Covenant Agreement dated as of July 19, 2022, and
recorded in Instrument No. 202207200030836 of the Stark County Official Records, (b) Operations and Use Agreement dated as of
February 26, 2016, (c) Omnibus First Amendment Agreement dated as of August 22, 2017, and recorded as Instrument No. 201708240035505
of the Stark County Official Records, (d) Omnibus Amendment Agreement dated as of December 1, 2018, and recorded as Instrument No.
201901100001002 of the Stark County Official Records, (e) Third Omnibus Amendment Agreement, Affecting Operating Agreement, Lease,
Subleases, Reciprocal Easements and Restrictions Covenant Agreements, Guaranties and other Instruments and Agreements dated as of
August 12, 2022, and recorded as Instrument No. 202208190035449 of the Stark County Official Records, (f) Cooperative Agreement
dated as of September 3, 2015, as supplemented by that certain First Supplemental Cooperative Agreement dated as of November 3,
2015, (g) Construction Agency Agreement dated as of September 3, 2015, as amended and restated by that certain Amended and Restated
Construction Agency Agreement dated as of February 26, 2016, as supplemented by that certain First Supplement to Amended and
Restated Construction Agency Agreement dated as of January 26, 2017, (h) Development Agreement dated as of December 20, 2017, and
recorded in Instrument No. 201806270025180 of the Stark County Official Records, (i) Operations and Maintenance Agreement dated as
of December 20, 2017, and recorded in Instrument No. 201806270025180 of the Stark County Official Records, (j) Letter of
Representations dated as of March 20, 2018, (k) License Agreement dated as of June 24, 2019, (l) Payment, Estoppel and Lease
Modification Agreement dated as of December 1, 2020, (m) Acknowledgment and Declaration Relating to Service Payments in Lieu of
Taxes and Related Matters (as to Tom Benson Stadium) dated as of June 27, 2018, and recorded as Instrument No. 201806270025181 of
the Stark County Official Records, (n) Acknowledgment and Declaration Relating to Service Payments in Lieu of Taxes and Related
Matters (as to Youth Fields/Scott Field) dated as of June 27, 2018, and recorded as Instrument No. 201806270025182 of the Stark
County Official Records, (o) Acknowledgment and Declaration Relating to Service Payments in Lieu of Taxes and Related Matters dated
as of April 1, 2022, by HOF Center for Excellence LLC, recorded as Instrument No. 202205090020213 of the Stark County Official
Records, (p) Acknowledgment and Declaration Relating to Service Payments in Lieu of Taxes and Related Matters dated as of April 1,
2022, by HOF Center for Performance LLC, recorded as Instrument No. 202204140016471 of the Stark County Official Records, (q)
Acknowledgment and Declaration Relating to Service Payments in Lieu of Taxes and Related Matters dated as of April 1, 2022, by HOF
Retail I LLC, recorded as Instrument No. 202204180016907 of the Stark County Official Records, (r) Acknowledgment and Declaration
Relating to Service Payments in Lieu of Taxes and Related Matters dated as of April 1, 2022, by HOF Retail II LLC, recorded as
Instrument No. 202204180016906 of the Stark County Official Records, (s) Compensation Agreement dated as of December 31, 2015, as
supplemented by that First Supplement to Compensation Agreement dated as of October 20, 2017, as further supplemented by that Second
Supplement to Compensation Agreement dated as of August 31, 2021, and/or (t) any other agreement or instrument governing the
construction, development, maintenance, or payment of amounts in connection with the development of the larger entertainment related
complex known as the Hall of Fame Village (it being understood and agreed that Guarantor shall indemnify, defend, protect, and hold
harmless Landlord for the same);

 

    76

     

    

 

(iii)
all liabilities and obligations of Guarantor under this Agreement; and

 

(iv)
all costs, expenses and liabilities (including reasonable attorneys’ fees and expenses, documentation and diligence fees and legal
expenses, and search, audit, recording, professional and filing fees and expenses) that may be incurred or advanced by Landlord in any
way in connection with the foregoing (collectively, such items in clauses (i) through (iv) being the “Obligations”).

 

		D.	Upon receipt by Landlord of a FIRREA-compliant appraisal
in form and substance reasonably acceptable to Landlord, performed by an appraiser reasonably satisfactory to Landlord (but in all events
having at least ten (10) years’ experience appraising properties similar to the Property in the greater Canton, Ohio area), and
evidencing that Tenant’s interest in the Property (taking into consideration liabilities, debt and debt-like equivalents, such
as subleases and special assessments, Tourism Development District (“TDD”) bonds, tax increment financing (“TIF”)
regimes and any minimum service payments thereunder, PACE loans, and any other Ohio Governmental Financing Programs) has a fair market
value of at least One Hundred Fifty Million and No/100 Dollars ($150,000,000.00), this Guaranty shall terminate.

 

		3.	GUARANTOR’S
OBLIGATIONS UNCONDITIONAL.

 

		A.	This
Guaranty is an absolute and unconditional guaranty of payment and of performance, and not of collection, and shall be enforceable against
Guarantor without the necessity of the commencement by Landlord of any action, suit or proceeding of any kind or nature whatsoever (an
“Action”) against Tenant, and without the necessity of any notice of nonpayment, nonperformance or nonobservance,
or any notice of acceptance of this Guaranty, or of any other notice or demand to which Guarantor might otherwise be entitled, all of
which Guarantor hereby expressly waives in advance. The obligations of Guarantor hereunder are independent of, and may exceed, the obligations
of Tenant.

 

		B.	This
Guaranty is a continuing guarantee and will remain in full force and effect notwithstanding, and the liability of Guarantor hereunder
shall be absolute and unconditional irrespective of any or all of the following: (i) any renewals, extensions, modifications, alterations
or amendments of the Lease (regardless of whether Guarantor consented to or had notice of same); (ii) any releases or discharges of Tenant
other than the full release and complete discharge of all of the Obligations; (iii) Landlord’s failure or delay to assert any claim
or demand or to enforce any of its rights against Tenant; (iv) any extension of time that may be granted by Landlord to Tenant; (v) any
assignment or transfer of all or any part of Tenant’s interest under the Lease (whether by Tenant, by operation of law, or otherwise);
(vi) any subletting, concession, franchising, licensing or permitting of the Premises or any portion thereof; (vii) any changed or different
use of the Premises (or any portion thereof); (viii) any other dealings or matters occurring between Landlord and Tenant; (ix) the taking
by Landlord of any additional guarantees, or the receipt by Landlord of any collateral, from Tenant or any other persons or entities;
(x) the release by Landlord of any other guarantor; (xi) Landlord’s release of any security provided under the Lease; (xii)
Landlord’s failure to perfect any Landlord’s lien or other lien or security interest available under any applicable statutes,
ordinances, rules, regulations, codes, orders, requirements, directives, binding written interpretations and binding written policies,
rulings, and decrees of all local, municipal, state and federal governments, departments, agencies, commissions, boards or political
subdivisions (“Laws”); (xiii) any assumption by any person of any or all of Tenant’s obligations under the Lease,
or Tenant’s assignment of any or all of its rights and interests under the Lease; (xiv) the power or authority or lack thereof
of Tenant to execute, acknowledge or deliver the Lease; (xv) the existence, non-existence or lapse at any time of Tenant as a legal entity
or the existence, non-existence or termination of any corporate, ownership, business or other relationship between Tenant and Guarantor;
(xvi) any sale or assignment by Landlord of either or both of this Guaranty and the Lease (including, but not limited to, any direct
or collateral assignment by Landlord to any mortgagee); (xvii) the solvency or lack of solvency of Tenant at any time or from time to
time; or (xviii) any other cause, whether similar or dissimilar to any of the foregoing, that might constitute a legal or equitable discharge
of Guarantor (whether or not Guarantor shall have knowledge or notice thereof). Without in any way limiting the generality of the foregoing,
Guarantor specifically agrees that (A) if Tenant’s obligations under the Lease are modified or amended with the express written
consent of Landlord, this Guaranty shall extend to such obligations as so amended or modified without notice to, consideration to, or
the consent of, Guarantor, and (B) this Guaranty shall be applicable to any obligations of Tenant arising in connection with a termination
of the Lease, whether voluntary or otherwise. Guarantor hereby consents, prospectively, to Landlord’s taking or entering into any
or all of the foregoing actions or omissions.

 

    77

     

    

 

	 	C.	Guarantor hereby expressly agrees that the validity of this Guaranty and the obligations of Guarantor hereunder shall in no way be terminated, affected, diminished or impaired by reason of the assertion or the failure to assert by Landlord against Tenant, of any of the rights or remedies reserved to Landlord pursuant to the provisions of the Lease or by relief of Tenant from any of Tenant’s obligations under the Lease or otherwise by (i) the release or discharge of Tenant in any state or federal creditors’ proceedings, receivership, bankruptcy or other proceeding; (ii) the impairment, limitation or modification of the liability of Tenant or the estate of Tenant in bankruptcy, or of any remedy for the enforcement of Tenant’s liability under the Lease, resulting from the operation of any present or future provision of the United States Bankruptcy Code (11 U.S.C. § 101 et seq., as amended), or from other statute, or from the order of any court; or (iii) the rejection, disaffirmance or other termination of the Lease in any such proceeding. This Guaranty shall continue to be effective if at any time the payment of any amount due under the Lease or this Guaranty is rescinded or must otherwise be returned by Landlord for any reason, including, without limitation, the insolvency, bankruptcy, liquidation or reorganization of Tenant, Guarantor or otherwise, all as though such payment had not been made, and, in such event, Guarantor shall pay to Landlord an amount equal to any such payment that has been rescinded or returned.

 

		4.	WAIVERS
OF GUARANTOR.

 

		A.	Without
limitation of the foregoing, Guarantor waives (i) notice of acceptance of this Guaranty, protest, demand and dishonor, presentment, and
demands of any kind now or hereafter provided for by any statute or rule of law or equity, (ii) notice of any actions taken by Landlord
or Tenant under the Lease or any other agreement or instrument relating thereto, (iii) notice of any and all defaults by Tenant in the
payment of Base Rent, additional Rent or any other charges or amounts, or of any other defaults by Tenant under the Lease, (iv) all other
notices, demands and protests, and all other formalities of every kind in connection with the enforcement of the Obligations, omission
of or delay in which, but for the provisions of this Section 4, might constitute grounds for relieving Guarantor of its obligations
hereunder, (v) any requirement that Landlord protect, secure, perfect, insure or proceed against any security interest or lien, or any
property subject thereto, or exhaust any right or take any action against Tenant or any other person or entity (including any additional
guarantor or Guarantor) or against any collateral, and (vi) the benefit of any statute of limitations affecting Guarantor’s
liability under this Guaranty.

 

    78

     

    

 

		B.	GUARANTOR
HEREBY WAIVES TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY PERSON OR ENTITY WITH RESPECT TO ANY MATTER WHATSOEVER
ARISING OUT OF OR IN ANY WAY CONNECTED WITH: (A) THIS GUARANTY; (B) THE LEASE; (C) ANY LIABILITY OR OBLIGATION OF TENANT IN ANY MANNER
RELATED TO THE PREMISES OR ANY PORTION THEREOF; (D) ANY CLAIM OF INJURY OR DAMAGE IN ANY WAY RELATED TO THE LEASE AND/OR THE PREMISES
(OR ANY PORTION THEREOF); (E) ANY ACT OR OMISSION OF TENANT, ITS AGENTS, EMPLOYEES, CONTRACTORS,SUPPLIERS,SERVANTS,CUSTOMERS,
CONCESSIONAIRES, FRANCHISEES, PERMITTEES OR LICENSEES; OR (F) ANY ASPECT OF THE USE OR OCCUPANCY OF, OR THE CONDUCT OF BUSINESS
IN, ON OR FROM THE PREMISES (OR ANY PORTION THEREOF). GUARANTOR SHALL NOT IMPOSE ANY COUNTERCLAIM OR COUNTERCLAIMS OR CLAIMS FOR SET-OFF,
RECOUPMENT OR DEDUCTION OF RENT IN ANY ACTION BROUGHT BY LANDLORD AGAINST GUARANTOR UNDER THIS GUARANTY, EXCEPT TO THE EXTENT ANY SUCH
COUNTERCLAIM OR COUNTERCLAIMS OR CLAIMS FOR SET-OFF, RECOUPMENT OR DEDUCTION OF RENT IN ANY ACTION ARE MANDATORY PURSUANT TO APPLICABLE
LAWS. GUARANTOR HEREBY WAIVES, BOTH WITH RESPECT TO THE LEASE AND WITH RESPECT TO THIS GUARANTY, ANY AND ALL RIGHTS WHICH ARE WAIVED
BY TENANT UNDER THE LEASE, IN THE SAME MANNER AS IF ALL SUCH WAIVERS WERE FULLY RESTATED HEREIN. THE LIABILITY OF GUARANTOR UNDER THIS
GUARANTY IS PRIMARY AND UNCONDITIONAL.

 

		C.	Guarantor
expressly waives any and all rights to defenses arising by reason of (i) any “one-action” or “anti-deficiency”
law or any other law that may prevent Landlord from bringing any action, including a claim for deficiency, against Guarantor before or
after Landlord’s commencement or completion of any action against Tenant; (ii) ANY ELECTION OF REMEDIES BY LANDLORD (INCLUDING,
WITHOUT LIMITATION, ANY TERMINATION OF THE LEASE) THAT DESTROYS OR OTHERWISE ADVERSELY AFFECTS GUARANTOR’S SUBROGATION RIGHTS OR
GUARANTOR’S RIGHTS TO PROCEED AGAINST TENANT FOR REIMBURSEMENT; (iii) any disability, insolvency, bankruptcy, lack of authority
or power, death, insanity, minority, dissolution, or other defense of Tenant, of any other guarantor (or any other Guarantor), or of
any other person or entity, or by reason of the cessation of Tenant’s liability from any cause whatsoever; (iv) any right to claim
discharge of any or all of the Obligations on the basis of unjustified impairment of any collateral for the Obligations; (v) any change
in the relationship between Guarantor and Tenant or any termination of such relationship; (vi) any irregularity, defect or unauthorized
action by any or all of Tenant, any other guarantor (or Guarantor) or surety, or any of their respective officers, directors or other
agents in executing and delivering any instrument or agreements relating to the Obligations or in carrying out or attempting to carry
out the terms of any such agreements; (vii) any assignment, endorsement or transfer, in whole or in part, of the Obligations, whether
made with or without notice to or consent of Guarantor; (viii) the recovery from Tenant or any other Person (including without limitation
any other guarantor) becoming barred by any statute of limitations or being otherwise prevented; (ix) the benefits of any and all applicable
statutes, laws, rules or regulations which may require the prior or concurrent joinder of any other party to any action on this Guaranty;
(x) any release or other reduction of the Obligations arising as a result of the expansion, release, substitution, deletion, addition,
or replacement (whether or not in accordance with the terms of the Lease) of the Premises or any portion thereof; or (xi) any neglect,
delay, omission, failure or refusal of Landlord to take or prosecute any action for the collection or enforcement of any of the Obligations
or to foreclose or take or prosecute any action in connection with any lien or right of security (including perfection thereof) existing
or to exist in connection with, or as security for, any of the Obligations, it being the intention hereof that Guarantor shall remain
liable as a principal on the Obligations notwithstanding any act, omission or event that might, but for the provisions hereof, otherwise
operate as a legal or equitable discharge of Guarantor. Guarantor hereby waives all defenses of a surety to which it may be entitled
by statute or otherwise.

 

    79

     

    

 

5. SUBORDINATION
AND SUBROGATION. Guarantor shall not be subrogated, and hereby subordinates and postpones any claim or right against Tenant
by way of subrogation or otherwise, to any of the rights of Landlord under the Lease or otherwise, or in the Premises (or any
portion thereof), which may arise by any of the provisions of this Guaranty or by reason of the performance by Guarantor of any of
its Obligations hereunder. Guarantor shall look solely to Tenant for any recoupment of any payments made or costs or expenses
incurred by Guarantor pursuant to this Guaranty. If any amount shall be paid to Guarantor on account of such subrogation rights at
any time when all of the Obligations shall not have been paid and performed in full, Guarantor shall immediately deliver the payment
to Landlord for credit against the then outstanding balance of the Obligations, whether matured or unmatured.

 

6.
REPRESENTATIONS AND WARRANTIES OF GUARANTOR. Guarantor represents and warrants that:

 

		A.	Guarantor
is a company formed under the laws of the State of Delaware; has all requisite power and authority to enter into and perform its obligations
under this Guaranty; and this Guaranty is valid and binding upon and enforceable against Guarantor without the requirement of further
action or condition.

 

		B.	The
execution, delivery and performance by Guarantor of this Guaranty does not and will not (i) contravene any applicable Laws, the organizational
documents of Guarantor, if applicable, any order, writ, injunction, decree applicable to Guarantor, or any contractual restriction binding
on or affecting Guarantor or any of its properties or assets, nor (ii) result in or require the creation of any lien, security interest
or other charge or encumbrance upon or with respect to any of its properties or assets.

 

    80

     

    

 

	 	C.	No approval, consent, exemption, authorization or other action by, or notice to, or filing with, any governmental authority is necessary or required in connection with the execution, delivery or performance by, or enforcement against, Guarantor of this Guaranty or any other instrument or agreement required hereunder.

 

	 	D.	There is no action, suit or proceeding pending or, to Guarantor’s knowledge, threatened against or otherwise affecting Guarantor before any court or other governmental authority or any arbitrator that may materially adversely affect Guarantor’s ability to perform its obligations under this Guaranty.

 

	 	E.	Guarantor’s principal place of business is 2626 Fulton Drive NW, Canton, OH 44718.

 

	 	F.	Tenant is directly or indirectly owned and controlled by Guarantor.

 

	 	G.	Guarantor has derived or expects to derive financial and other advantages and benefits directly or indirectly, from the making of the Lease and the payment and performance of the Obligations. Guarantor hereby acknowledges that Landlord will be relying upon Guarantor’s limited recourse carveout guarantee, representations, warranties and covenants contained herein.

 

7.
FINANCIAL STATEMENTS. Within ninety (90) days after the end of each calendar quarter, Guarantor shall deliver to Landlord
(i) complete financial statements of the Guarantor and (ii) a Financial Covenants Certification, and, within ninety (90) days after the
end of each calendar year, Guarantor shall deliver to Landlord complete audited financial statements, in each case including a balance
sheet, profit and loss statement, top-line gross receipts report for the Premises showing unit-level EBITDAR, statement of changes in
financial condition, income statement with respect to the Premises, annual EBITDA projections for the then-current fiscal year of Tenant
and all other related schedules for the fiscal period then ended. As used herein, “Financial Covenants Certification”
shall mean a statement of Guarantor, if Guarantor is a natural person, or by an authorized officer of Guarantor (or its general partner),
if Guarantor is an entity, or by the trustee if Guarantor is a trust, in form and substance reasonably acceptable to Landlord, certifying
the Net Worth of Guarantor as of the end of the prior calendar quarter or year, as applicable.

 

8. NOTICES.
Any consents, notices, demands, requests, approvals or other communications given under this Guaranty shall be in writing and shall
be given as provided in the Lease, as follows or to such other addresses as either Landlord or Guarantor (as applicable) may
designate by notice given to the other in accordance with the provisions of this Section 8:

 

	If to Guarantor:	If to Landlord:
	 	 
	HOF Village Newco, LLC 

2014 Champions Gateway	c/o Oak Street Real Estate Capital, LLC 

30 North LaSalle, Suite 4140 

Chicago, IL 60602
	Canton , OH 44708 

Attn: General Counsel	Attention: Asset Management 

Email: oakstreetAM@blueowl.com
	Email: tara.charnes@hofvillage.com	 
	 	 
	With a copy to:	With a copy to:
	 	 
	Walter Haverfield LLP 	Kirkland & Ellis LLP 
	1301 East Ninth Street 

Suite 3500	300 North LaSalle 

Chicago, Illinois 60654
	Cleveland, Ohio 44114-1821 Attn: Nick
    Catanzarite	Attention: David A. Rosenberg and David P. Stanek
	Email: ncatanzarite@walterhav.com	E-mail: david.rosenberg@kirkland.com and david.stanek@kirkland.com

 

    81

     

    

 

9.
CONSENT TO JURISDICTION. Guarantor hereby (a) consents and submits to the jurisdiction of the courts of the State of Ohio
and the federal courts sitting in the State of Ohio with respect to any dispute arising, directly or indirectly, out of this Guaranty,
(b) waives any objections which the undersigned may have to the laying of venue in any such suit, action or proceeding in either such
court, (c) agrees to join Landlord in any petition for removal to either such court, and (d) irrevocably designates and appoints Tenant
as its authorized agent to accept and acknowledge on its behalf service of process with respect to any disputes arising, directly or indirectly,
out of this Guaranty. The undersigned hereby acknowledges and agrees that Landlord may obtain personal jurisdiction and perfect service
of process through Tenant as the undersigned agent, or by any other means now or hereafter permitted by Applicable Law.

 

10. ESTOPPEL
CERTIFICATE. Guarantor shall, from time to time within ten (10) days after receipt of Landlord’s request, execute,
acknowledge and deliver to Landlord an estoppel certificate in the form attached to the Lease as Exhibit D. Such certificate
may be relied upon by Landlord and any prospective purchaser, landlord or lender of all or a portion of the Premises (or any portion
thereof).

 

11.
MISCELLANEOUS.

 

		A.	Guarantor
further agrees that Landlord may, without notice, assign this Guaranty in whole or in part. If Landlord disposes of its interest in the
Lease, “Landlord,” as used in this Guaranty, shall mean Landlord’s successors and assigns.

 

		B.	Guarantor
promises to pay all costs of collection or enforcement incurred by Landlord in exercising any remedies provided for in this Guaranty
whether at law or in equity; provided, however, if any legal action or proceeding is commenced to interpret or enforce the terms of,
or obligations arising out of, this Guaranty, or to recover damages for the breach thereof, the party prevailing in any such action or
proceedings shall be entitled to recover from the non-prevailing party all attorneys’ fees and reasonable costs and expenses incurred
by the prevailing party. As used herein, “attorneys’ fees” shall mean the fees and expenses of counsel to the parties
hereto, which may include printing, photocopying, duplicating and other expenses, air freight charges, and fees billed for law clerks,
paralegals, librarians and others not admitted to the bar but performing services under the supervision of an attorney. The term “attorneys’
fees” shall also include, without limitation, all such fees and expenses incurred with respect to appeals, arbitrations and bankruptcy
proceedings.

 

    82

     

    

 

	 	C.	If any portion of this Guaranty shall be deemed invalid, unenforceable or illegal for any reason, such invalidity, unenforceability or illegality shall not affect the balance of this Guaranty, which shall remain in full force and effect to the maximum permitted extent.

 

	 	D.	The provisions, covenants and guaranties of this Guaranty shall be binding upon Guarantor and its heirs, successors, legal representatives and assigns (it being understood that Guarantor shall not have the right to assign its obligations under this Guaranty without the prior written consent of Landlord in Landlord’s sole and absolute discretion), and shall inure to the benefit of Landlord and its successors and assigns, and shall not be deemed waived or modified unless such waiver or modification is specifically set forth in writing, executed by Landlord or its successors and assigns, and delivered to Guarantor.

 

	 	E.	Whenever the words “include”, “includes”, or “including” are used in this Guaranty, they shall be deemed to be followed by the words “without limitation”, and, whenever the circumstances or the context requires, the singular shall be construed as the plural, the masculine shall be construed as the feminine and/or the neuter and vice versa. This Guaranty shall be interpreted and enforced without the aid of any canon, custom or rule of law requiring or suggesting construction against the party drafting or causing the drafting of the provision in question.

 

	 	F.	Each of the rights and remedies herein provided are cumulative and not exclusive of any rights or remedies provided by law or in the Lease or this Guaranty.

 

	 	G.	The provisions of this Guaranty shall be governed by and interpreted solely in accordance with the internal laws of the State of Ohio, without giving effect to the principles of conflicts of law.

 

	 	I.	The Recitals set forth above are hereby incorporated by this reference and made a part of this Guaranty. Guarantor hereby represents and warrants that the Recitals are true and correct.

 

SIGNATURE PAGE TO FOLLOW

 

    83

     

    

 

IN WITNESS WHEREOF, the undersigned has executed
this Limited Recourse Carveout Guaranty effective as of the date first written above.

 

	 	GUARANTOR:
	 	 	 
	 	HOF VILLAGE NEWCO, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Michael Crawford,
	 	 	President and Chief Executive Officer

 

    84

     

    

 

EXHIBIT H

 

Diminution in Value / Fair Market Value Determination

(For Purposes of Section 20)

 

Determination of diminution in value and fair market
value under Section 20 under of this Lease shall be made in accordance with the following procedures:

 

		(a)	The
                                            diminution in value or fair market value of the Fee Estate and Leasehold Estate, as applicable,
                                            shall be determined by the agreement of two (2) appraisers (each, an “Initial Appraiser”),
                                            one of which shall be selected by Landlord and the other of which shall be selected by Tenant
                                            as set forth in this Exhibit H Tenant shall give Landlord notice, not later than 90
                                            calendar days after the occurrence of the Condemnation described in Section 20,
                                            the identity of the Initial Appraiser selected and retained by Tenant and specifically identify
                                            such Initial Appraiser’s name, address, phone number and qualifications as an appraiser.
                                            Within thirty (30) calendar days after receipt of notice of Tenant’s Initial Appraiser,
                                            Landlord shall select its Initial Appraiser and give notice to Tenant of the name, address,
                                            electronic mail address, phone number and qualifications of such appraiser. Within five (5)
                                            calendar days after Tenant receives from Landlord such notice of Landlord’s Initial
                                            Appraiser, each of Landlord and Tenant shall direct, in writing with a copy to the other
                                            party, its Initial Appraiser to work with the other party’s Initial Appraiser to endeavor
                                            to determine and reach agreement upon the diminution in value or fair market value, as applicable,
                                            of the Fee Estate and Leasehold Estate, and thereafter to deliver in writing to Landlord
                                            and Tenant within thirty (30) calendar days (such 30-calendar day period, the “Valuation
                                            Period”) the agreed-upon diminution in value or fair market values, as applicable
                                            (the “Valuation Notice”). The costs and expenses of each Initial Appraiser
                                            shall be paid by the party selecting such Initial Appraiser. If Tenant fails to timely identify
                                            in writing an Initial Appraiser as required by this Exhibit H, Landlord shall give
                                            Notice of such failure to the Leasehold Mortgagees who shall be entitled to identify an Initial
                                            Appraiser on behalf of Tenant within 30 calendar days after the giving of such Notice and,
                                            if such Leasehold Mortgagees shall fail to appoint an Initial Appraiser within such 30-calendar
                                            day period, then Landlord shall identify an Initial Appraiser on behalf of Tenant; provided,
                                            however, Tenant shall be liable for the costs and expenses of such Initial Appraiser identified
                                            on Tenant’s behalf by Landlord as if Tenant had selected such Initial Appraiser.

 

		(b)	If
the Initial Appraisers are not able to reach agreement upon the diminution in value or fair market value, as applicable, within the Valuation
Period, within ten (10) calendar days after the end of the Valuation Period each Initial Appraiser shall deliver a written notice to
Landlord, Tenant, the Mortgagees, and the other Initial Appraiser setting forth (i) such Initial Appraiser’s valuation of
the diminution in value or fair market value, as applicable (each, an “Initial Valuation”) and (ii) the name, address
and qualifications of a third appraiser selected jointly by the Initial Appraisers (the “Third Appraiser”). The Initial
Appraisers shall, in writing with a copy to Landlord, the Mortgagees, and Tenant, direct the Third Appraiser (or substitute Third Appraiser)
to determine the diminution in value or fair market values, as applicable, and to deliver in writing to Landlord, Tenant, the Mortgagees
and the Initial Appraisers such valuation (the “Third Valuation”) within thirty (30) calendar days of the date of
the written direction retaining such Third Appraiser. The amount shall be the arithmetic mean of (A) the Third Valuation and (B) the
Initial Valuation closest to the Third Valuation. If the Third Valuation is exactly between the two Initial Valuations, then the amount
shall be the Third Valuation. If the Initial Appraisers are unable to agree upon the designation of a Third Appraiser within the requisite
time period or if the Third Appraiser selected does not make a valuation within twenty (20) calendar days after being directed by the
Initial Appraisers, then such Third Appraiser or a substitute Third Appraiser, as applicable, shall, at the request of Landlord or Tenant,
be appointed by the President or Chairman of the American Arbitration Association in Texas. The costs and expenses of the Third Appraiser
(and substitute Third Appraiser and the American Arbitration Association, if applicable) shall be divided evenly between, and paid for
by, Landlord and Tenant. If as of the date of the appointment of such Third Appraiser the American Arbitration Association does not exist,
either Landlord or Tenant shall apply to any state court in Texas for appointment of such Third Appraiser.

 

    85

     

    

 

	 	(c)	All appraisers selected or appointed pursuant to this Exhibit H shall be independent qualified appraisers with at least ten (10) years of experience in appraising commercial real estate and ground leases comparable to this Lease. Such appraisers shall have no right, power or authority to alter or modify the provisions of this Lease.

 

	 	(d)	Notwithstanding the foregoing, if Landlord and Tenant are able to agree upon the diminution in values or fair market values, as applicable, prior to the date on which Tenant receives Notice of Landlord’s Initial Appraiser, Landlord and Tenant shall execute an agreement setting forth such agreed-upon values and waiving each party’s right to have the valuation determined in accordance with the procedures set forth above in this Exhibit H.

 

	 	(e)	Fair market value shall be determined without regard to the Condemnation. Fair market value shall mean the amount that a willing purchaser would pay and a willing seller would accept as the purchase and sale price for the Fee Estate or Leasehold Estate, as applicable, through expiration of its stated term, each party (i) being unaffiliated with each other and (ii) without a compulsion to purchase or sell, and such price determined through an orderly marketing process. Fair market value for the Fee Estate and Leasehold Estate is to be determined giving effect to this Lease (without regard to the Condemnation) including the Fixed Rent obligations of Tenant to Landlord (without regard to the Condemnation).

 

	 	(f)	Diminution in value shall equal the difference of (i) the fair market value as determined in accordance with subsection (e) above without regard to the Condemnation minus (ii) the fair market value as so determined but with regard to the Condemnation.

 

 

86

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00350-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00350-of-00352.parquet"}]]