Document:

Exhibit 10.22

 

January __, 2020

 

HOF Village, LLC

c/o IRG Realty Advisors, LLC

4020 Kinross Lakes Parkway, Suite 200

Richfield, Ohio 44286

 

	Re:	Letter Agreement re Payment Terms as a result of the
Gordon Pointe Merger

 

Reference is made to that certain Loan
Agreement, dated as of March 20, 2018, by, among others, HOF VILLAGE, LLC, a Delaware limited liability company, the other Borrowers
thereto, the Lenders from time to time party thereto, and GACP FINANCE CO., LLC, in its capacity as Administrative Agent (in such
capacity, together with its successors and assigns in such capacity, “Administrative Agent”), as amended by:
(i) that certain Delayed Draw Joinder Agreement Number 1, dated as of April 11, 2018, (ii) that certain Delayed
Draw Joinder Agreement Number 2, dated as of May 18, 2018, (iii) that certain Amendment Number 3 to Term Loan Agreement, dated
as of September 14, 2018, (iv) that certain Amendment Number 4 to Term Loan Agreement, dated as of February 19, 2019, (v) that
certain Amendment Number 5 to Term Loan Agreement, dated as of June 28, 2019, (vi) that certain Amendment Number 6 to Term Loan
Agreement, dated as of August 15, 2019, (vii) that certain Amendment Number 7 to Term Loan Agreement, dated as of November 16,
2019 (the “7th Amendment”) and (viii) as further amended, restated, supplemented, waived or otherwise modified
from time to time, the “Loan Agreement”; capitalized terms used but not otherwise defined herein shall have
the respective meanings ascribed to such terms in the Loan Agreement).

 

Further
reference is made to (i) that certain Promissory Note entered into by Borrowers and payable to the order of Industrial Realty
Group, LLC, a Nevada limited liability company (“Industrial Realty Group”), a copy of which Promissory Note
is attached hereto as Exhibit A  (the “IRG November Note”), (ii) the IRGMH Guaranty,
(iii) the substantially completed form of Loan Purchase and Assumption Agreement, attached hereto as Exhibit B
(the “LPAA”), which LPAA has not yet been executed but is anticipated to be entered into by and among Lenders,
Administrative Agent, Borrowers and Purchasing Lender (as defined in the LPAA) on or before the consummation of the Gordon Pointe
Transaction, and (iv) the Gordon Pointe Merger Agreement. The IRG November Note, the IRGMH Guaranty, and the LPAA are herein
referred to collectively as the “IRG Advancement Documents.”

 

Borrowers,
Industrial Realty Group and IRGMH hereby agree, on behalf of themselves and on behalf of Purchasing Lender (as such term is defined
in the LPAA) to the extent such Purchasing Lender is an IRG Entity (as defined below), as follows:

 

If,
in connection with the consummation of the Gordon Pointe Transaction, (a) Industrial Realty Group, IRGMH, or any of their
respective affiliates (each, including Industrial Realty Group and IRGMH, an “IRG Entity”) advances funds
or purchases the Tranche 1 Loan and/or the Tranche 2 Loan from GACP II, L.P. and/or DemoMode Marketing, LLC (pursuant
to the IRG Advancement Documents, the Loan Agreement or any other instrument) in order to pay off GACP II, L.P. and/or DemoMode
Marketing, LLC in full pursuant to the requirements of Section 2.10(e) of the Loan Agreement, and (b) as a result of
such advancement of funds or such purchase of the Tranche 1 Loan and/or the Tranche 2 Loan, any IRG Entity becomes a
Lender or shall have the rights of a Lender pursuant to the Loan Agreement, then (i) Sections 2.10(b) through 2.10(e)
(inclusive) of the Loan Agreement shall be deleted in their entirety and shall no longer be applicable, and (ii) notwithstanding
the terms of the Loan Agreement, (A) any interest due to any IRG Entity under the Loan Agreement shall be payable in kind
(and shall not payable in cash) until June 1, 2020, following which date interest under the Loan Agreement shall be payable
in cash on each Interest Payment Date, and (B) all principal, interest and other Obligations due under the Loan Agreement
shall be payable in full on the Maturity Date.

 

[SIGNATURES ON FOLLOWING PAGES]

 

     

     

    

 

	Industrial Realty Group:	 
	 	 
	INDUSTRIAL REALTY GROUP, LLC,	 
	a Nevada limited liability company	 
	 	 	 
	By:	 	 
	 	Name:  Stuart Lichter	 
	 	Title:  President	 
	 	 	 
	IRGMH:	 
	 	 
	IRG MASTER HOLDINGS, LLC,	 
	a Delaware limited liability company	 
	 	 	 
	By:	 	 
	 	Name:  Stuart Lichter	 
	 	Title:  President	 

 

[SIGNATURES CONTINUE ON FOLLOWING PAGES]

 

     

     

    

 

	 	Borrowers:
	 	 
	 	HOF VILLAGE, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer
	 	 	 
	 	HOF VILLAGE PARKING, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer
	 	 	 
	 	HOF VILLAGE YOUTH FIELDS, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer
	 	 	 
	 	HOF VILLAGE STADIUM, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer

 

[SIGNATURES CONTINUE ON FOLLOWING PAGES]

 

     

     

    

 

	 	Borrowers, cont.:
	 	 
	 	HOF VILLAGE LAND, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer
	 	 	 
	 	HOF VILLAGE HOTEL I, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer
	 	 	 
	 	HOF VILLAGE SPORTS BUSINESS, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer
	 	 	 
	 	HOF Village Parking Management I, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer

 

[SIGNATURES CONTINUE ON FOLLOWING PAGES]

 

     

     

    

 

	 	Borrowers, cont.:
	 	 	 
	 	HOF VILLAGE RESIDeNCES I, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer
	 	 	 
	 	HOF Village Center for Excellence, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer
	 	 	 
	 	HOF Village Center for Performance, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer
	 	 	 
	 	HOF EXPERIENCE, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

     

     

    

 

	 	Borrowers, cont.:
	 	 
	 	HOF Village Media Group, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name:  Michael Crawford
	 	 	Title:  Chief Executive Officer

 

[END OF SIGNATURES]

 

     

     

    

 

Exhibit A

 

FORM OF NOTE

 

[See Attached]

 

     

     

    

 

Exhibit B

 

FORM OF LPAA

 

[See Attached]Exhibit 10.23

HOF VILLAGE, LLC

(and affiliates)

c/o IRG Canton Village Manager, LLC

11100 Santa Monica Boulevard, Suite 850

Los Angeles, CA 90025

 

LETTER
OF REPRESENTATIONS

March ___, 2018

	TO:	Board of Education of the Canton City School District (“CCSD”)
	 	Attention:	John M. Rinaldi, President
	 	 	Adrian E. Allison, Superintendent, Canton City School District

 

	 	Stark County Port Authority (“Stark Port”)
	 	Attention:	Roger L. Mann, Chairperson, Board of Directors
	 	 	Ray Hexamer, Administrator

 

	RE:	Up to $100,000,000 bridge term loan (“Loan”) for the Johnson Controls Hall of
Fame Village Complex (“HOF Village Complex”) under Loan Agreement dated as of March ____, 2018 (“Loan
Agreement”) by and among HOF Village, LLC (“HOF Village”), HOF Village Stadium, LLC (“HOFV
Stadium”), HOF Village Youth Fields, LLC (“HOFV Youth Fields”), HOF Village Parking, LLC (“HOFV
Parking”), each a Delaware limited liability company authorized to transact business in Ohio (collectively “Borrowers”
or “HOF Village Companies”), GACP Finance Co., LLC, a Delaware limited liability company authorized to transact
business in Ohio, as “Administrative Agent”, and GACP II, L.P., a Delaware limited partnership (“Lender”).

 

Ladies and Gentlemen:

 

Pursuant to the Loan
Agreement, in order to procure and secure the Loan, the Borrowers have agreed, among other things, to: execute, deliver (to Administrative
Agent for the benefit of the Lender) and record a certain Open-End Fee and Leasehold Mortgage, Assignment of Leases and Rents,
Security Agreement and Fixture Filing, dated as of March ____, 2018 (as the same may be amended, restated, extended, consolidated,
replaced, split, severed, spread, supplemented or otherwise modified from time to time, the “Mortgage”) against
all of the interests of the Borrowers in the real property comprising the HOF Village Complex including, without limitation, their
leasehold interests in those parcels of real property described in Exhibit A attached hereto and incorporated herein (the
“Stadium Parcel”, “Parking Parcel” and “Youth Fields Parcel”, as respectively
identified therein, and collectively the “Demised Premises”).

 

    	1

     

    

 

As a condition to entering
into the Loan Agreement, accepting the Mortgage and providing and funding the Loan, the Administrative Agent and the Lender have
requested that (i) CCSD (also referred to herein as “School District”), as fee owner and ground lessor of the
Demised Premises exclusive of certain improvements owned, in fee simple, by Stark Port (herein “Canton Schools Property”)
and (ii) Stark Port, as ground lessee of the Canton Schools Property, fee owner of the Demised Premises exclusive of the Canton
Schools Property (herein “Stark Port Property”), and lessor of the Demised Premises to certain Borrowers, each
execute and deliver to the Administrative Agent one or more estoppel certificate and consent documents (“Public Partner
Estoppels”) relating to the “Ground Leases” and “Project Leases” (both terms defined
below), and you have agreed to provide the Public Partner Estoppels on the following conditions:

 

(a) that
the HOF Village Companies execute and deliver this Letter of Representations (“this Letter”) detailing certain
matters pertaining to the Ground Leases, the Project Leases, the Demised Premises (and certain obligations of the HOF Village Companies
relating to the Demised Premises and the “District Property” under and as defined in the Ground Leases) and
certain applications of proceeds of the Loan;

 

(b) that
The National Football Museum, Inc., doing business as the Pro Football Hall of Fame (“PFHOF”) provide the CCSD
with an estoppel certificate as lessee under the “PFHOF Stadium Lease” (Stark County Records Instrument No.
210603110009296), the “PFHOF District Property Lease” (Stark County Records Instrument No, 210603110009304),
the “PFHOF Parking Lease” (Stark County Records Instrument No. 210603110009298) and the “PFHOF Scott
Field Lease” (Stark County Records Instrument No. 210603110009300) (each as defined in the Ground Leases and collectively
the “PFHOF Leases”) and as sublessor under the “PFHOF Stadium Sublease” (Stark County Records
Instrument No. 210603110009297), the “PFHOF District Property Sublease” (Stark County Records Instrument No.
210603110009305), the “PFHOF Parking Sublease” (Stark County Records Instrument No. 210603110009299) and the
“PFHOF Scott Field Sublease” (Stark County Records Instrument No. 210603110009301) (each as defined in the Ground
Leases and collectively the “PFHOF Subleases”): and

 

(c) that
the Administrative Agent and Lender be advised in writing that all interests of the Borrowers, and all interests mortgaged to the
Administrative Agent under the Mortgage, are subject and subordinate to, among other things, all right, title and interest of:

 

(i) the
City of Canton, Ohio (“City”) (A) under the Deed from the City to CCSD dated August 6, 1936 and recorded August
26, 1936 in Stark County Records at Volume 1160, Page 417, as modified to the date hereof (“City Deed”), including
by the Waiver, Termination and Quitclaim of Right of Reversion dated as of February 26, 2016 (Stark County Records Instrument No.
201603110009289) by and between the City and the School District (“North Parcel Release”), as the North Parcel
Release was then modified by the Omnibus First Amendment Agreement effective August 24, 2017 (Stark County Records Instrument No.
201708240035505) among CCSD, Stark Port, PFHOF, the HOF Village Companies, the Guarantor (as defined in the Ground Leases), the
City, The Huntington National Bank (“Huntington”), The State of Ohio, acting by and through the Ohio Facilities
Construction Commission (“State”) and Stuart Lichter, as an individual and as Trustee of the Stuart Lichter
Trust U/D/T dated November 13, 2011 (“Amendment Agreement”) and (B) under or pursuant to Ordinance No. 262/2015
enacted by the City on December 28, 2015 and amended by Ordinance No. 145/2017 enacted by the City on July 3, 2017 (as further
amended from time to time, the “TIF Ordinance”);

 

    	2

     

    

 

(ii) the
School District under each of the following: (A) the Operations and Use Agreement for HOF Village Complex dated as of February
26, 2016 by and among PFHOF, CCSD, Stark Port and the HOF Village Companies and recorded against the Demised Property as part of
the Reciprocal Easement Agreement referred to below (as modified by the Amendment Agreement, “Operations and Use Agreement”),
(B) the Reciprocal Easement and Restrictive Covenant Agreement for the HOF Village Complex dated as of February 26, 2016 (Stark
County Records Instrument No. 201603110009295) by and among PFHOF, CCSD, Stark Port and the HOF Village Companies (as modified
by the Amendment Agreement, “Reciprocal Easement Agreement”), (C) the “Compensation Agreement”
and each related “TIF Declaration”, if any (as referenced in the Reciprocal Easement Agreement, and as supplemented
and amended, the “TIF Covenants”), and (D) the Ground Leases, each dated as of February 26, 2016, between the
School District, as ground lessor, and Stark Port, as ground lessee, and recorded as Stark County Records Instrument No. 201603110009308
(as amended by the Amendment Agreement, “Stadium Ground Lease”), Instrument No. 201603110009308 (“Parking
Ground Lease”) and Instrument No. 201603110009310 (“Youth Fields Ground Lease” and, together with
the Stadium Ground Lease and Parking Ground Lease, the “Ground Leases”);

 

(iii) Stark
Port under the Reciprocal Easement Agreement, the Ground Leases and the following leases (collectively, “Project Leases”):
(A) Project Lease with HOF Village Stadium, LLC (“HOFV Stadium”), as lessee (Stark County Records Instrument
No, 201603110009307) (as amended by the Amendment Agreement, “Stadium Project Lease”), (B) Project Lease with
HOF Village Parking, LLC (“HOFV Parking”), as lessee (Instrument No. 201603110009309 and herein “Parking
Project Lease”), (C) Project Lease with HOF Village Youth Fields, LLC (“HOFV Youth Fields”), as lessee
(Instrument No. 201603110009311) (“Youth Fields Project Lease” and, together with the Stadium Project Lease
and Parking Project Lease, the “Project Leases”) and (D) Operations and Use Agreement;

 

(iv) PFHOF
under each of the following: (A) Operations and Use Agreement, (B) the Reciprocal Easement Agreement, (C) the PFHOF Leases and
PFHOF Subleases (collectively, as modified to the extent applicable by the Amendment Agreement, the “PFHOF Lease Agreements”),
and (D) the Ground Leases and Project Leases;

 

(v) the
State under (A) use and operation rights granted to the State under the PFHOF Lease Agreements and certain use agreements between
PFHOF and the State, executed in connection with certain grants from the State to PFHOF for improvements to the Demised Premises
(“State Use Interest”), and (B) certain non-disturbance and estoppel agreements relating to the State Use Interest,
including (1) Non-Disturbance and Estoppel Agreement – National Football Museum made effective as of February 26, 2016 by
and among the State, PFHOF, CCSD, Stark Port, HOF Village, HOFV Stadium, HOFV Parking and Huntington and (2) a Non-Disturbance
and Estoppel Agreement made effective as of November 19, 2007 by and among the State, CCSD, PFHOF and a lender, the interest of
which was purchased by HOF Village and later terminated (together “State NDE Agreements”);

 

    	3

     

    

 

(vi) the
Canton Symphony Orchestra (“CSO”) under the Operations and Use Agreement, the Reciprocal Easement Agreement
and the Use and Management Agreement referred to therein (the “CSO Use Interest”);

 

(vii) Plain
Local School District (“Plain Local”) under the TIF Covenants; and

 

(viii) Any
other Persons (including the City, County officials, issuers and holders of tax increment financing revenue bonds and any trustee
therefor) identified as a benefited party under any TIF Declaration (“TIF Beneficiary”).

 

In order to induce
CCSD and Stark Port to execute and deliver the Public Partner Estoppels, PFHOF has executed and delivered the Estoppel Certificate
and Consent included as Attachment II hereto (“PFHOF Estoppel”) and the HOF Village Companies have each executed
and delivered this Letter and hereby represent and warrant to, and jointly and severally covenant and agree with, the School District
and Stark Port that (and, as applicable, hereby give written notice to the Administrative Agent and Lender that):

 

1. This
Letter, and each of the representations, warranties, covenants and agreements herein made, have been duly authorized on behalf
of each of the HOF Village Companies, and each official signing this Letter is authorized to sign this Letter on behalf of the
HOF Village Company or Companies indicated below and to bind each such HOF Village Company or Companies by this Letter and to the
representations, warranties, covenants and agreements herein made.

 

2. Each
of the HOF Village Companies acknowledges and agrees that, in executing and delivering the Public Partner Estoppels, CCSD and Stark
Port are authorized to rely on all of the statements made in this Letter and in the PFHOF Estoppel, and each of the HOF Village
Companies acknowledges and agrees that it shall defend and indemnify CCSD, Stark Port, and their respective directors, officers,
officials, employees, agents, successors and assigns (collectively, “Indemnified Parties”) against, and hold
the Indemnified Parties harmless from, any and all claims, losses, costs, expenses, charges and liabilities that arise from such
reliance and the failure of the HOF Village Companies, and any successor or assign of HOF Village Companies (including, without
limitation, the Administrative Agent, the Lender, any purchaser or transferee of any interest of any Borrower in or to the Demised
Premises, and any successor or assign of any of the foregoing), to comply in all material respects with the representations, warranties,
covenants, agreements and acknowledgments contained in this Letter; excepting only, in each case, any such claims, losses, costs,
expenses, charges and liabilities finally adjudicated to have been solely attributable to the gross negligence or willful misconduct
of the Indemnified Party.

 

3. Each
of the HOF Village Companies acknowledges and agrees, for itself and for its successors and assigns (including, without limitation,
the Administrative Agent, the Lender, any purchaser or transferee of any interest of any Borrower in or to the Demised Premises,
and any successor or assign of any of the foregoing), that the lien of the Mortgage, and any other security interest or lien granted
by the Borrowers to the Administrative Agent or the Lenders, will attach only to such right, title and interest that the Borrowers
may hold in and to any property subject to the Mortgage, including the leasehold interests granted under the Project Leases in
and to the Demised Premises, and the lien of the Mortgage (and any other such security interests or liens) will not attach to title
to, or to any interest of any kind or nature of CCSD, Stark Port or PFHOF in, the Demised Premises or any other property of any
kind or nature of CCSD, Stark Port or PFHOF (other than to any HOF Village Company’s interest in the same).

 

    	4

     

    

 

4. Each
of the HOF Village Companies hereby specifically advises and notifies the Administrative Agent and Lender that, and, for itself
and its successors and assigns (including, without limitation, the Administrative Agent, the Lender, any purchaser or transferee
of any interest of any Borrower in or to the Demised Premises, and any successor or assign of any of the foregoing), acknowledges
and agrees that, the rights and interests of the City, the School District, Stark Port, PFHOF, the State, Plain Local, the CSO
and the TIF Beneficiaries (collectively “Priority Interest Holders”) expressly identified above in sub-paragraph
(c) of the second [un-numbered] paragraph of this Letter (collectively, the “Priority Interests”), are: (x)
superior to, and may not be disturbed by the holder of, any interest of the HOF Village Companies in or to the Demised Premises,
and (y) superior to the interests of, and may not be disturbed by, anyone taking by, through or under any of the HOF Village Companies,
any agent or representative of any thereof, or any successor or assignee of any of the foregoing (including, without limitation,
the Administrative Agent, the Lender, any purchaser or transferee of any interest of any Borrower in or to the Demised Premises,
and any successor or assign of the foregoing).

 

5. Each
of the HOF Village Companies for itself and for its successors and assigns (including, without limitation, the Administrative Agent,
the Lender, any purchaser or transferee of any interest of any Borrower in or to the Demised Premises, and any successor or assign
of any of the foregoing), acknowledges and agrees with the School District and Stark Port that the HOF Village Companies remain
obligated to fulfill all of their respective obligations under the Ground Leases, the Project Leases, the Operations and Use Agreement,
the Cooperative Agreement (referred to in the Ground Leases), the School Compensation Agreement and the Reciprocal Easement Agreement,
all of which continuing obligations of the HOF Village Companies are hereby ratified and confirmed. Without limiting the generality
of the foregoing, the HOF Village Companies covenant and agree with respect to the following continuing obligations of the HOF
Village Companies, that (with all terms used as defined terms being used as defined in the Ground Leases):

 

    	5

     

    

 

a. At
or prior to execution and delivery of the Loan Agreement and Mortgage and the funding by the Lender of the Loan (“Loan
Closing”), all amounts due as Additional Ground Lessee Payments under the Ground Leases shall be paid to the School District
or its designee, such amounts being herein identified as follows: (i) with respect to the Interim Lease and Construction Period,
$72,800.97 to be paid to CCSD with respect to the District Revenue Guaranty Amount, $31,521.84 to be paid to CCSD with respect
to the District Relocation Cost Reimbursement Amount (collectively, “District Payment Amount”), and (ii) $70,254.42
to be paid to Squire Patton Boggs (US) LLP, as counsel to CCSD (“CCSD Counsel”), for services rendered to CCSD
through February 28, 2018 and related disbursements; provided, that the District Payment Amount need not be paid at Loan Closing
unless (and only to the extent that) the maximum “Outstanding HOFV Charges” (amounts (i) invoiced with respect
to the Stadium, and (ii) anticipated to be invoiced with respect to the Youth Fields, and owed by the School District to the HOF
Village Companies for facilities use through December 31, 2017) are less than the District Payment Amount, it being understood
and agreed that, as of the date hereof, based on existing invoices for Stadium usage and anticipated invoices for Youth Fields
usage, along with follow-up discussions between the School District and the HOF Village Companies, the maximum Outstanding HOFV
Charges are not in excess of $130,000.00 for the Stadium and $35,000.00 for the Youth Fields. The HOF Village Companies and the
School District will work in good faith to resolve remaining issues and establish, as promptly as practicable, the agreed amount
of Outstanding HOFV Charges and thereupon subtract the District Payment Amount from the Outstanding HOFV Charges and (x) if the
result is positive, the School District will promptly pay the difference to HOF Village (for credit to the applicable HOF Village
Companies) and (y) if the difference is negative, HOF Village (on behalf of the applicable HOF Village Companies) will promptly
pay the difference to the School District. In consideration of the foregoing agreements, and based on the related agreements in
the School District’s Public Partner Estoppel (“Ground Lessor Estoppel”), it is hereby agreed that the
Outstanding HOFV Charges are not yet due and payable and will not be due and payable until the amount of those charges is resolved
pursuant to this paragraph. In addition, to induce CCSD to execute and deliver the Ground Lessor Estoppel, the HOF Village Companies
(I) agree with the School District to promptly discuss, in good faith, and resolve issues raised by the School District relating
to the direct charges payable by the School District under the Operations and Use Agreement and to “right-size” such
charges as promptly as is practicable after Loan Closing; (II) acknowledge that, in addition to any other amounts due and owing
under the Ground Leases or otherwise, CCSD Counsel will render a supplemental invoice for additional services rendered, and any
disbursement charges posting, after February 28, 2018 in connection with (a) the Loan, (b) the transactions and agreements contemplated
in this Letter, (c) representation of CCSD’s interests with respect to the proposed issuance of tax increment financing revenue
bonds based on revenues derived from the Demised Premises or with respect to any further amendments or supplements to the TIF Ordinance
or Compensation Agreement, and (d) other documentation necessary or desirable in connection with any such tax increment financing;
and (III) acknowledge and agree that, under the terms of the Ground Leases, they are responsible to pay for all such services and
reasonable charges of CCSD Counsel, and further agree that any invoices for such services tendered by CCSD Counsel and not paid
within thirty (30) days thereafter, shall bear interest at an annual interest rate of 6% per year from the date tendered and until
paid, and CCSD Counsel may include all such interest in a subsequent invoice tendered to the HOF Village Companies.

 

b. At
or prior to Loan Closing, in accordance with the Ground Leases, the HOF Village Companies will pay or otherwise provide for the
release of all existing mechanics’ liens and attested account claims relating to or based on any construction on the Demised
Premises, including the construction of turf fields or other improvements on the Youth Fields Parcel, the Phase II reconstruction
of Tom Benson Hall of Fame Stadium (“Stadium”) and any other construction thereon or improvements thereto (collectively,
the “Work”). The HOF Village Companies shall obtain unconditional lien waivers and/or releases from all subcontractors
of each contractor that contracted with either the Stark Port or any of the HOF Village Companies to perform any of the Work and
either (i) filed an attested account claim or a purported mechanics’ lien against the funds for any such contract or any
interest in the Demised Premises, or (ii) gave written notice of its intent to file any such attested account or mechanics’
lien claim, and shall provide copies thereof to the School District and Stark Port, together with an affidavit or other acceptable
documentation regarding the completeness of such lien waivers and/or releases. Nothing herein shall require that the HOF Village
Companies settle any legitimate disputes as to the amounts owed under any contract or subcontract so long as the HOF Village Companies
fund an attested account with the Port Authority sufficient to provide for the applicable claim, and the applicable subcontractor
provides an unconditional lien waiver with respect to the Demised Premises (but no release with respect to the attested account);
provided, however, that the HOF Village Companies shall be entitled to bond the mechanics’ lien claims filed by Freedom Companies,
Inc. (“Freedom Claims”) without funding such an attested account or providing an unconditional lien waiver if,
at Loan Closing, the title company issues its loan policy of title insurance to the Administrative Agent insuring the Mortgage
(of the HOF Village Companies’ leasehold estate in the Demised Premises) without taking any exceptions relating to the Freedom
Claims.

 

    	6

     

    

 

c. Promptly
after Loan Closing, and in any event prior to April 15, 2018, in accordance with the Stadium Ground Lease, the Operations and Use
Agreement and the Reciprocal Easement Agreement, the HOF Village Companies, at their sole cost, shall: (i) work with the Superintendent
of CCSD to develop a detailed plan, including a timeline approved by the Superintendent, for presentation to the Board of Education
regarding the steps they will take to comply with their obligations to preserve and honor the athletic and academic programs, and
the history, traditions and heritage of CCSD and the Stadium consistent with the resolutions of the Board of Education relating
to and authorizing the transactions contemplated herein and relating to the Demised Property including, without limitation, Resolution
No. 14-145 adopted by the Board of Education on December 22, 2014, and (ii) promptly, and in any event, not later than November
1, 2018 (“Heritage Deadline”), complete all such steps in a manner satisfactory to the Superintendent and certify
that completion to the School District, with a copy to the Administrative Agent. If the HOF Village Companies are delayed in performing
their obligations with respect to the history, traditions and heritage of CCSD and the Stadium due to (i) Force Majeure (as such
term is defined in the Ground Leases) or (ii) delays directly attributed to the School District’s acts or omissions, then
the Heritage Deadline shall be extended by a period of time equal to such delay.

 

d. At
or prior to Loan Closing, in accordance with the Ground Leases, the Operations and Use Agreement and the Reciprocal Easement Agreement,
the HOF Village Companies shall, working with the Superintendent of the School District, develop a specific plan approved by the
Superintendent, including a preliminary budget and approximate timeline acceptable to the Superintendent, for construction (or
rehabilitation of existing space) to provide temporary accommodations acceptable to the School District for its football operations
facilities displaced from the Stadium for such period as is required to complete the permanent facilities described in subparagraph
(e) below (“Temporary Accommodations”). The HOF Village Companies understand that if such Temporary Accommodations
are comprised of improvements to the Smith Annex, such improvements must (as previously discussed with the School District) include
adequate air conditioning in areas required by CCSD (which may be in the form of spot cooling, rental units, roof top units, window
units, or a combination thereof), increased ventilation, the addition of a shower room, a fresh coat of paint, removal of existing
lockers and bleachers in the gymnasium, the addition of “open” lockers, walling off the stage area, a combined washer
and dryer room for team laundry, partitioning off of the freshman locker room for privacy, slip-proof flooring from the shower
area to the lockers, window[s] in the coaches’ office bathroom, fix leaks including roof, and address safety issues. Upon
Loan Closing, the HOF Village Companies shall immediately fund an amount equal to the agreed budget for the Temporary Accommodations
into a separate and segregated escrow fund (“Escrow Fund I”) to be established with Huntington National Bank
(“Escrow Agent”) for the sole purpose of paying for costs of the Temporary Accommodations. Amounts in Escrow
Fund I shall be made available to the HOF Village Companies pursuant to monthly draw requests, supported by documentation reasonably
acceptable to the Escrow Agent, School District and HOF Village Companies, to pay for costs of the Temporary Accommodations periodically
throughout construction and until substantial completion of same; provided, that upon completion and acceptance of the Temporary
Accommodations, any amounts remaining in Escrow Fund I shall be promptly released from Escrow Fund I and delivered as directed
by an authorized representative of HOF Village. The HOF Village Companies shall, promptly thereafter commence, and at their sole
cost diligently construct and, not later than April 30, 2018 (“TA Completion Date”), substantially complete
the Temporary Accommodations and certify that substantial completion (including provision of any necessary temporary or permanent
certificate of occupancy) to the School District, with copies to the Administrative Agent; provided, however, the HOF Village Companies
shall have a reasonable time after the TA Completion Date (but not later than June 1, 2018) to furnish the Temporary Accommodations
with the appropriate furniture, fixtures and equipment. If the HOF Village Companies are delayed in performing their obligations
with respect to the Temporary Accommodations due to (i) Force Majeure (as such term is defined in the Ground Leases), (ii) delays
attributed to the issuance of permits by the City of Canton (provided the HOF Village Companies have timely filed permit applications
and diligently pursued approval of the same until permit issuance), or (iii) delays directly attributed to the School District’s
acts or omissions, then the TA Completion Date shall be extended by a period of time equal to such delay but, in no event, shall
the TA Completion Date be later than June 1, 2018.

 

    	7

     

    

 

e. At
or prior to March 15, 2018, in accordance with the Ground Leases, the Operations and Use Agreement and the Reciprocal Easement
Agreement, the HOF Village Companies shall, at their sole cost, working with the Superintendent of the School District, develop
a conceptual plan, including site, site-plan, timeline, budget (including “CCSD Costs”, as defined below), acceptable
conceptual design, survey and funding allocations and mechanisms, for construction of a permanent football operations center, in
substantial conformity to the preliminary design provided in October 2017, with such changes as are reasonably acceptable to the
HOF Village Companies and the Superintendent of the School District (“Football Operations Center”) to replace
the football operations facilities displaced from the Stadium and replace the Temporary Accommodations. Upon the Loan Closing,
the HOF Village Companies shall immediately fund, or arrange for the funding of, $1,000,000 into a separate and segregated escrow
fund (“Escrow Fund II”) to be established with the Escrow Agent for the sole purpose of paying for costs of
the Football Operations Center. Amounts in Escrow Fund II shall be made available to the HOF Village Companies pursuant to monthly
draw requests, supported by documentation reasonably acceptable to the Escrow Agent, School District and HOF Village Companies,
to pay for costs of the Football Operations Center on such terms and conditions (including percentage completion, as certified
by the architect, and reasonable retainage) as shall be acceptable to the Superintendent; provided, that upon completion and acceptance
of the Football Operations Center, any amounts remaining in Escrow Fund II shall be promptly released from Escrow Fund II and delivered
as directed by an authorized representative of HOF Village. The final design for the Football Operations Center and the method
for paying or providing for CCSD Costs shall be mutually agreed upon by the HOF Village Companies and the Superintendent of the
School District no later than April 1, 2018 (“Design Deadline”), otherwise the FOC Start Date and the FOC Completion
Date (both defined below) shall be extended one day for each day of delay obtaining the final, mutually agreeable design of the
Football Operations Center. From and after the Design Deadline, the HOF Village Companies shall promptly work in good faith with
the Superintendent to finalize construction plans and specifications reasonably acceptable to the HOF Village Companies and the
Superintendent of the School District, and pursue such licenses, permits and/or agreements as shall be necessary to permit the
prompt construction and completion of the Football Operations Center on the agreed site.

 

    	8

     

    

 

f. On
or prior to June 1, 2018 (as it may have been extended, the “FOC Start Date”), September 1, 2018 and December
1, 2018, the HOF Village Companies shall fund, or arrange for the funding of, an additional $1,000,000 on each such date into Escrow
Fund II, and shall promptly thereafter commence, diligently construct and, not later than March 1, 2019 (as it may have been extended,
“FOC Completion Date”), substantially complete the Football Operations Center and certify that substantial completion
(including provision of any necessary temporary or permanent certificate of occupancy) to the School District, with copies to the
Administrative Agent. If the HOF Village Companies are delayed in performing their obligations with respect to the Football Operations
Center due to (i) Force Majeure (as such term is defined in the Ground Leases), (ii) delays attributed to issuance of permits by
the City of Canton (provided the HOF Village Companies have timely filed permit applications and diligently pursued approval of
the same until permit issuance), or (iii) delays directly attributed to the School District’s acts or omissions, then the
FOC Completion Date shall be extended by a period of time equal to such delay. “CCSD Costs” shall mean all costs
and expenses agreed upon by CCSD and the HOF Village Companies, for which CCSD shall bear responsibility in connection with its
requested changes, modifications, upgrades, additions or alterations to the Football Operations Center, including but not limited
to, improvements being incorporated into the Football Operations Center which were not present in the previous stadium football
operations area (i.e. amphitheater style meeting room, weight room, etc).

 

g. Anything
in the Ground Leases or the Operations and Use Agreement to the contrary notwithstanding: (i) in the event that the Temporary Accommodations
are not completed and available to the School District by the TA Completion Date, the School District shall have the right, until
such time as the Temporary Accommodations are completed and available to the School District, at no cost whatsoever to the School
District, to use the locker rooms, offices, field and other facilities at the Stadium for purposes of conducting School District
football operations at such times as shall be designated by the Superintendent of the School District, and the HOF Village Companies
shall, upon notice from the Superintendent, accommodate such use; and (ii) in the event that the Football Operations Center is
not completed and available to the School District by the FOC Completion Date, the School District shall have the right, until
such time as the Football Operations Center is completed and available to the School District, at no cost whatsoever to the School
District, to use the locker rooms, offices, field and other facilities at the Stadium for purposes of conducting School District
football operations at such times as shall be designated by the Superintendent of the School District, and the HOF Village Companies
shall, upon notice from the Superintendent, accommodate such use.

 

    	9

     

    

 

6. Reference
is hereby made to (i) the Operations and Use Agreement, which provides (in Section 2 thereof) that the School District shall have
the right to use the Demised Premises (referred to therein as the “Ground Leased O/U Property”), “pursuant
to the Base Level of Usage, commensurate with its current level of use thereof, as described or summarized on Exhibit A, plus four
(4) additional . . . [Canton CSD Days]”, (ii) Exhibit A to the Operations and Use Agreement, which identified the then-current
level of use of, among other things, the Stadium, and (iii) in particular, to the footnote in Exhibit A labeled “**”
(herein “BLU Footnote 2”), which noted that “most [of the 119 footnoted] events or recurrences could be
moved to Don Scott Field locations depending on number of turf fields available, but such a shift of football operatons [sic] would
necessitate addressing locker-room, coach’s office space, meeting room and storage issues”. With reference thereto,
each of the HOF Village Companies hereby specifically advises and notifies the Administrative Agent and Lender that, and, for itself
and its successors and assigns (including, without limitation, the Administrative Agent, the Lender, any purchaser or transferee
of any interest of any Borrower in or to the Demised Premises, and any successor or assign of any of the foregoing), represents,
acknowledges and agrees that:

 

a. The
HOF Village Companies are, as described in paragraph 5 above, obligated under the Ground Leases, the Operations and Use Agreement
and the Reciprocal Easement Agreement, to replace the football operations facilities destroyed upon the demolition of the then-existing
stadium facilities within the Stadium (the “Phase II Existing Stadium Improvements”), and the agreement of the
School District to accept the Temporary Accommodations (if completed by the TA Completion Date) and the Football Operations Center
(if completed by the FOC Completion Date), in lieu of replacement football operations facilities within the Stadium, is intended
by the School District, and is acknowledged by each of the HOF Village Companies, for itself and its successors and assigns (including,
without limitation, the Administrative Agent, the Lender, any purchaser or transferee of any interest of any Borrower in or to
the Demised Premises, and any successor or assign of any of the foregoing) to be solely as a voluntary accommodation by the School
District to the HOF Village Companies, and is not required by any agreement signed or approved by the School District.

 

b. Consistent
with the foregoing subparagraphs, it has never been and, to the knowledge of the HOF Village Companies, it is not now the intention
of any of the parties to the Operations and Use Agreement that the provision by the HOF Village Companies of the Football Operations
Center (or, to state the obvious, the Temporary Accommodations) would have any effect on the right of the School District to use
the Stadium in accordance with the Base Level of Usage under and as defined and described in the Operations and Use Agreement,
as amended, modified or supplemented.

 

    	10

     

    

 

c. Notwithstanding
the foregoing, the HOF Village Companies, for themselves and their successors and assigns (including, without limitation, the Administrative
Agent, the Lender, any purchaser or transferee of any interest of any Borrower in or to the Demised Premises, and any successor
or assign of any of the foregoing), have now requested that the School District make further accommodations to the HOF Village
Companies relating to the Stadium usage identified in Exhibit A to the Operations and Use Agreement (regardless of whether such
usage was subject to BLU Footnote 2, and herein “Exhibit A Stadium Uses”) by stating its present intentions
regarding the Exhibit A Stadium Uses, but subject to the conditions stated in BLU Footnote 2 including, in such conditions, that
a football operations center and sufficient turf fields be available to the School District for any Exhibit A Stadium Uses that
the School District agrees that it (i) intends to exclude from the Base Level of Usage of the Stadium, while remaining part of
the Base Level of Usage of the Demised Premises (herein “Ex-Stadium Base Level Uses”) or (ii) will treat as
Base Level of Usage of the Stadium, but conditioned on notice from the School District not more than 60 days prior to intended
use and the availability of the Stadium at the time of notice (herein “Conditional Stadium Base Level Uses”).

 

d. Anything
herein or in the Ground Leases, the Operations and Use Agreement or the Reciprocal Easement Agreement to the contrary notwithstanding,
it is understood, acknowledged and agreed that all Ex-Stadium Base Level Uses and Conditional Stadium Base Level Uses (collectively
“Modified Stadium Base Level Uses”) shall continuously constitute and be treated as part of the Base Level of
Usage by the School District of the “Ground Leased O/U Property” under and as defined in the Operations and
Use Agreement, and shall be accommodated as such, at no cost to the School District other than as set forth in the Operations and
Use Agreement.

 

e. In
addition, and without limiting the foregoing, all Modified Stadium Base Level Uses shall be accommodated within the Stadium by
the HOF Village Companies (and any other party in possession of or managing the Stadium), as follows: (i) at all times prior to
certification of completion of the Football Operations Center, (ii) at any time when sufficient turf fields are not available to
accommodate all Modified Stadium Base Level Uses, and (iii) subject to the conditions stated in Section 3 of the Operations and
Use Agreement, at any time not included within clause (i) or (ii), as “Additional Usage” of the Stadium under
and as defined in the Operations and Use Agreement; provided, that any such usage of the Stadium under clause (i) or (ii) shall
be treated as usage of the turf fields for purposes of any direct charges that may be payable by the School District under the
Operations and Use Agreement (i.e., there will be no additional charges to the School District for using the Stadium instead of
the turf fields as a back-up for Modified Stadium Base Level Uses if the decision to use the Stadium is not made by the School
District).

 

f. To
induce the School District to agree to the following request, and in consideration of the School District executing and delivering
the Ground Lessor Estoppel and this Letter of Representations, HOF Village, for itself and its successors and assigns (including,
without limitation, the Administrative Agent, the Lender, any purchaser or transferee of any interest of any Borrower in or to
the Demised Premises, and any successor or assign of any of the foregoing), to benefit the Canton McKinley High School and the
students thereof, hereby covenants and agrees to pay or reimburse the School District annually for (x) the direct costs incurred
by the School District to provide the Canton McKinley football team with a football camp at a college or university campus or other
suitable off-site location, not to exceed $20,000.00 and (y) the direct costs incurred by the School District to provide the Canton
McKinley High School marching band with a band camp at a college or university campus or other suitable off-site location, not
to exceed $20,000.00.

 

    	11

     

    

 

Based upon and subject to the foregoing,
the HOF Village Companies hereby request that the School District conform its Base Level of Usage of the Stadium to the estimated
usages and intentions identified in the Table included as Attachment I hereto and labeled “OPERATIONS AND USE AGREEMENT
--- BASE LEVEL OF USAGE (STADIUM)”, incorporated herein by this reference (“HOFV BLU Request”), and
the School District, by its signature below, hereby accepts the HOFV BLU Request, and agrees that the accommodations of the Modified
Stadium Base Level Uses identified or described in that Table (“Stadium Base Level Usage Table”) are acceptable
to the School District and, subject to the conditions stated herein, will be accepted by the School District as satisfying the
requirements of the Operations and Use Agreement relating thereto. By way of clarification and not of modification, and subject
to all applicable conditions referenced herein, the HOFV BLU Request is that all uses included in the column labeled “Accommodate
on Fields” in Attachment I hereto (or referenced in the footnotes to such column) be treated as Ex-Stadium Base Level Uses
and that all uses included in the column labeled “Stadium Use Conditional” in Attachment I hereto be treated as Conditional
Stadium Base Level Uses. Anything herein or in the Ground Lessor Estoppel to the contrary notwithstanding, it is further acknowledged
and agreed by each of the HOF Village Companies, for itself and its successors and assigns (including, without limitation, the
Administrative Agent, the Lender, any purchaser or transferee of any interest of any Borrower in or to the Demised Premises, and
any successor or assign of any of the foregoing), that (x) except to the extent expressly set forth herein, nothing herein or in
the Ground Lessor Estoppel shall affect any rights of the School District to use the Stadium under the Operations and Use Agreement,
and (y) the continued agreement by the School District to the HOFV BLU Request shall be subject to compliance by the HOF Village
Companies, in all material respects, with all terms and conditions of this Letter (including, without limitation, the conditions
stated in BLU Footnote 2) or to the prompt and diligent cure of any such non-compliance, whether by HOF Village Companies, Administrative
Agent, Lender or any other Project Leasehold Mortgagee, as defined in the applicable Ground Lease, or otherwise.

 

7. At
or prior to (i) Loan Closing, the amount of $349,631.82 shall be paid to Stark Port or its designee, and (ii) May 15, 2018, $99,955.98
shall be paid to Stark Port or its designee, together aggregating $449,587.80, for reimbursement of costs and expenses incurred
by Stark Port through February 28, 2018. In addition, to induce Stark Port to execute and deliver the Project Lessor Estoppel,
the HOF Village Companies (I) acknowledge that, in addition to any other amounts due and owing under the Project Leases or otherwise,
Stark Port’s respective counsel, Krugliak, Wilkins, Griffiths & Dougherty Co., L.P.A. and Squire Patton Boggs (US) LLP,
each will render a supplemental invoice for services rendered, and any out-of-pocket charges posted, after February 28, 2018 in
connection with (a) the Loan, (b) the transactions and agreements contemplated in this Letter, and (II) acknowledge and agree that,
under the terms of the Project Leases, they are responsible to pay for all such services and reasonable charges of Stark Port’s
respective counsel, and further agree that any invoices for such services tendered by Stark Port’s respective counsel and
not paid within thirty (30) days thereafter, shall bear interest at an annual interest rate of 6% per year from the date tendered
and until paid, and Stark Port’s respective counsel may include all such interest in a subsequent invoice tendered to the
HOF Village Companies.

 

    	12

     

    

 

8. This
Letter is executed by the HOF Village Companies for the benefit and protection of the School District and Stark Port, and with
full knowledge of each of the HOF Village Companies that the School District and Stark Port are relying on this Letter in executing
the Public Partner Estoppels to facilitate the transactions contemplated by the Loan Agreement and Mortgage, all of which is to
the direct benefit of each of the HOF Village Companies.

 

9. Time
is of the essence of this Letter.

 

10. All
of the representations, warranties, covenants and agreements contained in this Letter shall survive execution and delivery of the
Public Partner Estoppels and the Loan Closing.

 

11. The
laws of the State of Ohio shall govern all matters relating to this Letter. The Demised Premises are, and all obligations hereunder
are performable, in Stark County, Ohio, and any claim or action hereunder shall be brought in the courts of that county.

 

12. Notwithstanding
anything herein to the contrary, the School District and HOF Village Companies hereby acknowledge and agree that this Letter of
Representations shall serve as escrow instructions for the Escrow Agent with respect to the funding and disbursement of the amounts
deposited into Escrow Fund I and Escrow Fund II. The parties agree to reasonably cooperate in good faith to complete any forms
or agreements required by the Escrow Agent to open said escrow accounts and comply with the terms of this Letter of Representations
as it relates to the escrow funding and disbursement,

 

[Balance of Page Intentionally Left Blank
– Signature pages follow]

 

    	13

     

    

 

The undersigned duly
authorized representatives of HOF Village Stadium, LLC, HOF Village Parking, LLC, HOF Village Youth Fields, LLC and HOF Village,
LLC, have signed and delivered this Letter of Representation for and in the name and on behalf of HOF Village Stadium, LLC, HOF
Village Parking, LLC, HOF Village Youth Fields, LLC and HOF Village, LLC, as of the date first set forth above.

 

	HOF VILLAGE PARKING, LLC,	 	HOF VILLAGE STADIUM, LLC,
	a Delaware limited liability company	 	a Delaware limited liability company
	 	 	 	 	 
	By:	HOF Village, LLC,	 	By:	HOF Village, LLC,
	 	a Delaware limited liability company, its sole Manager	 	 	a Delaware limited liability company, its sole Manager
	 	 	 	 	 
	By:	 	 	By	 
	 	 	 	 	 
	And by:	IRG Canton Village Manager, LLC,	 	And by:	IRG Canton Village Manager, LLC,
	 	a Delaware limited liability company, Manager of HOF Village, LLC	 	 	a Delaware limited liability company, Manager of HOF Village, LLC
	 	 	 	 	 
	By:	 	 	By:	 
	 	Tracy Green, Senior Vice President	 	 	Tracy Green, Senior Vice President
	 	 	 
	HOF VILLAGE YOUTH FIELDS, LLC,	 	HOF VILLAGE, LLC,
	a Delaware limited liability company	 	a Delaware limited liability company
	 	 	 
	By:	HOF Village, LLC,	 	 	 
	 	a Delaware limited liability company, its sole Manager	 	 	 
	 	 	 	 	 
	By:	 	 	By:	 
	 	Brian Parisi, Chief Financial Officer	 	 	Brian Parisi, Chief Financial Officer
	 	 	 	 	 
	And by:	IRG Canton Village Manager, LLC,	 	And by:	IRG Canton Village Manager, LLC,
	 	a Delaware limited liability company, Manager of HOF Village, LLC	 	 	a Delaware limited liability company, Manager of HOF Village, LLC
	 	 	 	 	 
	By:	 	 	By:	 
	 	Tracy Green, Senior Vice President	 	 	Tracy Green, Senior Vice President

 

    	14

     

    

 

The undersigned hereby acknowledge, agree,
and consent to the terms and conditions of, and accept the duties, responsibilities and obligations of the School District set
forth in, this Letter of Representation.

 

	 	Canton City School District, acting by and through its Board of Directors
	 	 	 
	 	By:	 
	 	 	John Rinaldi
	 	 	President, Board of Education

 

	 	And by:	 
	 	 	Jeffrey Gruber
	 	 	Treasurer, Board of Education
	 	 	 
	 	And by:	 
	 	 	Adrian E. Allison, Superintendent

 

    	15

     

    

 

Exhibit A

 

Legal Descriptions

 

I. Stadium
Parcel (as amended in Omnibus First Amendment Agreement)

 

Adjusted Stadium Parcel (Stark County Permanent Parcel
No. 10009054):

 

Situated in the City of Canton, Stark County,
and State of Ohio, also known as being part of Out Lots No. 1377 and 1378 as shown on “Replat of Canton City Lots 34196-34207,
Part of Lot 34965, Out Lot 704, and Part of Out Lot 537, 705” as recorded in Instrument No. 201602170005863 of Stark
County Records, also known as being part of parcel now or formerly owned by Canton CSD (Parcel 10-007445 and 10-007447) as recorded
in Deed Volume 1160, Page 417 of Stark County Records, and bounded and described follows:

 

Commencing at a 5/8” iron pin found
with cap “Atwell LLC” at a Southwesterly corner of said Out Lot No. 1377 also being known as the intersection of an
easterly line of Blake Avenue, 50 feet wide, and a northerly line of 19th Street, 50 feet wide, said point also being the Place
of Beginning of the parcel herein to be described;

 

		1.	Thence North 1° 37’ 34” East, along said easterly line of Blake Avenue, a distance
of 10.27 feet to a 5/8” iron pin set thereon;

 

		2.	Thence North 58° 09’ 15” East, a distance of 141.16 feet to a 5/8” iron pin
set;

 

		3.	Thence North 31° 50’ 45” West, a distance of 25.00 feet to a 5/8” iron pin
set;

 

		4.	Thence North 58° 09’ 15” East, a distance of 22.87 feet to a 5/8” iron pin
set at a point of curvature;

 

		5.	Thence northeasterly along the arc of curve deflecting to the left, 53.50 feet to a 5/8”
iron pin set, said arc having a radius of 88.68 feel, a delta angle of 34° 34’ 05” and a chord which bears North
40° 52’ 25” East, a distance of 52.69 feet;

 

		6.	Thence North 67° 06’ 58” West, a distance of 8.99 feet to a 5/8” iron pin
set;

 

		7.	Thence North 22° 53’ 02” East, a distance of 26.19 feet to a 5/8” iron pin
set at a point of curvature;

 

		8.	Thence northeasterly along the arc of curve deflecting to the right, 121.44 feet to a 5/8”
iron pin set, said arc having a radius of 497.32 feet, a delta angle of 13° 59’ 30” and a chord which bears North
28° 25’ 07” East, a distance of 121.14 feet;

 

		9.	Thence North 35° 47’ 34” East, a distance of 37.00 feet to a 5/8” iron pin
set;

 

		10.	Thence South 54° 12’ 26” East, a distance of 9.08 feet to a 5/8” iron pin
set at a point of curvature;

 

    	A-1

     

    

 

		11.	Thence northeasterly along the arc of curve deflecting to the right, 31.25 feet to a 5/8”
iron pin set, said arc having a radius of 200.39 feet, a delta angle of 8° 56’ 04” and a chord which bears North
42° 47’ 29” East, a distance of 31.22 feet;

 

		12.	Thence North 48° 08’ 33” East, a distance of 38.02 feet to a 5/8” iron pin
set;

 

		13.	Thence South 48° 06’ 46” East, a distance of 26.59 feet to a 5/8” iron pin
set to an easterly line of Out Lot 1377;

 

		14.	Thence North 41° 53’ 14” East, along said easterly line of said Out Lot 1377, a
distance of 91.20 feet to a 5/8” iron pin found with cap “Atwell LLC” at a southwesterly corner of Out Lot 711
of Plat of Extension to City of Canton Corporation Limits as recorded in Plat Book 35, Page 126 of Stark County Records;

 

		15.	Thence southeasterly along southwesterly line of said Out Lot 711 and along the arc of a curve
deflecting to the left, 100.87 feet to a 5/8” iron pin found with cap “Atwell LLC”, said arc having a radius
of 307.08 feet, a delta angle of 18° 49’ 14” and a chord which bears South 49° 23’ 01” East, a
distance of 100.42 feet;

 

		16.	Thence South 58° 47’ 38” East, continuing along southwesterly line of said Out
Lot 711, a distance of 259.88 feet to a 5/8” iron pin found with cap “Atwell LLC” a point of curvature thereon;

 

		17.	Thence southeasterly along a westerly line of Out Lot 711 and along the arc of a curve deflecting
to the right, 253.91 feet to a 5/8” iron pin found with cap “Atwell LLC”, said arc having a radius of 225.40
feet, a delta angle of 64° 32’ 38’ and a chord which bears South 26° 31’ 19” East, a distance of
240.70 feet;

 

		18.	Thence South 05° 45’ 01” West, along said westerly line of Out Lot 711, a distance
of 72.92 feet to a 3/4” iron rod found at a point of curvature thereon;

 

		19.	Thence southwesterly along a westerly line of Out Lot 711 and along the arc of a curve deflecting
to the left, 90.70 feet to a 5/8” iron pin found with cap “Atwell LLC” at northeasterly corner of Out Lot 1379,
said arc having a radius of 361.90 feet, a delta angle of 14° 21’ 33” and a chord which bears South 1° 25’
46” East, a distance of 90.46 feet;

 

		20.	Thence South 88° 52’ 35” West, along said northerly line of Out Lot 1379, a distance
of 29.90 feet to a 5/8” iron pin found with cap “Atwell LLC”;

 

		21.	Thence South 68° 05’ 52” West, along said northerly line of Out Lot 1379, a distance
of 187.98 feet to a 5/8” iron pin found with cap “Atwell LLC”;

 

		22.	Thence South 80° 02’ 50” West, along said northerly line of Out Lot 1379, a distance
of 112.10 feet to a 5/8” iron pin found with cap “Atwell LLC”;

 

		23.	Thence North 85° 28’ 13” West, along said northerly line of Out Lot 1379, a distance
of 28.20 feet to a 5/8” iron pin found with cap “Atwell LLC”;

 

    	A-2

     

    

 

		24.	Thence North 58° 48’ 41” West, along said northerly line of Out Lot 1379, a distance
of 60.82 feet to a 5/8” iron pin found with cap “Atwell LLC”;

 

		25.	Thence South 37° 42’ 14” West, along said northerly line of Out Lot 1379, a distance
of 97.50 feet to a 5/8” iron pin found with cap “Atwell LLC”;

 

		26.	Thence North 88° 26’ 46” West, along said northerly line of Out Lot 1379, a distance
of 215.66 feet to a 5/8” iron pin found with cap “Atwell LLC” at an easterly line of Lot 287 of Fulton Heights
as recorded in Plat Book 9, Page 54 of Stark County Records;

 

		27.	Thence North 01° 34’ 24” East, along an easterly line of Lots 287, 288, 289, 290,
291, and an easterly line of 19th Street, a distance of 287.60 feet to a 5/8” iron pin found with cap “Atwell LLC”
at a northerly line of 19th Street;

 

		28.	Thence North 88° 22’ 26” West, along said northerly line of 19th Street, a distance
of 118.48 feet to the Place of Beginning of the land herein described, containing 8.1322 Acres, 354,239 Square Feet of land (0.2893
Acres, 12,598 Square Feet from Out Lot No. 1377; 7,8430 Acres, 341,642 Square Feet from Out Lot No. 1378) according to a survey
by Alex Marks P.S. 8616 for Atwell, LLC dated May 23, 2017, and being the same more or less and being subject to all legal highways
and easements. No acreage in road right-or-way.

 

The basis of bearings for this survey is
State Plane Coordinate System NAD 83 Zone Ohio North, established by O.D.O.T. VRS observation on December 30, 20 l4. Bearings,
as shown, are used to describe angular measurements only.

 

All pins set are 5/8 inch by 30 inch steel
pin with cap “Atwell, LLC”

 

II. Parking
Parcel

 

Ground Leased Parking Land:

 

Situated in the City of Canton, County
of Stark and State of Ohio:

 

Known as and being Out Lot No. 1380 in
the City of Canton, consisting of approximately 5.9760 acres more or less, as established by a Replat recorded as Instrument No.
201602170005863 of the Stark County Official Records.

 

The subject premises is also described
as follows:

 

Situated in the City of Canton, Stark County,
and State of Ohio, also known as being part of Out Lot 705 as recorded in Annexation Plat, Plat Book 28, Page 79 of Stark County
Plat Records, also known as being part of parcel now or formerly owned by Canton CSD (10-007191) as recorded in Volume 1469, Page
124 of Stark County Records, parcel and bounded and described as follows:

 

Commencing at the intersection of an easterly
line of Clarendon Avenue, 50 feet wide, and a northerly line of 17th Street, 50 feet wide, said point also being the Place of Beginning
of the parcel herein to be described;

 

    	A-3

     

    

 

Thence North 01° 28’ 47”
East, along an easterly line of Clarendon Avenue, a distance of 490.86 feet to a southwesterly corner of Lot 267 of Fulton Heights
Addition as recorded in Plat Book 9, Page 54 of Stark County Records;

 

Thence South 88° 34’ 05”
East, along southerly line of Lots 267, 273, 274, 285, a southerly line of Clearview Avenue, 50 feet wide, and a southerly line
of Blake Avenue, 50 feet wide, a distance of 580.00 feet to an easterly line of Blake Avenue, said point also being a southwesterly
corner of Lot 286;

 

Thence South 01° 37’ 34”
West, a distance of 496.21 feet to a northerly line of 17th Street;

 

Thence North 88° 02’ 18”
West, along a northerly line of 17th Street, a distance of 50.00 feet to a southeasterly corner of parcel now or formerly owned
by Ohio Power Company (24-3225) as recorded in Volume 2178, Page 126 of Stark County Records;

 

Thence North 01° 37’ 34”
East, along an easterly line of Ohio Power Company parcel, a distance of 125.00 feet to a northeasterly corner of said Ohio Power
Company parcel;

 

Thence North 88° 02’ 18”
West, along a northerly line of said Ohio Power Company parcel and along parcel now or formerly owned by Ohio Power Company (10-007192)
as recorded in Instrument No. 201511060044872 of Stark County Records, a distance of 205.00 feet to a northwesterly corner of Ohio
Power Company parcel (10-007192);

 

Thence South 01° 37’ 34”
West, along a westerly line of said Ohio Power Company parcel, a distance of 125.00 feet to a northerly line of 17th Street, said
point also being a southwesterly corner of Said Ohio Power Company;

 

Thence North 88° 02’ 18”
East, along a northerly line of 17th Street, a distance of 323.76 feet to the Place of Beginning of the land herein described,
containing 5.9760 Acres, 260,315 Square Feet of land according to a survey by Alex Marks P.S. 8616 for Atwell, LLC dated February
16, 2016, and being the same more or less and being subject to all legal highways and easements.

 

III. Youth
Fields Parcel

 

Ground Leased Scott Field Land:

 

Situated in the City of Canton, Stark County,
and State of Ohio, also known as being part of Out Lots No. 706 and 535 in the City of Canton as recorded in a Dedication Plat
recorded in Plat Book Volume 31, Page 77 of Stark County Plat Records, also known as being part of parcels now or formerly owned
by Canton CSD (Parcel 28-0033) and (Parcel 28-0017) as recorded in Volume 1893, Page 534 of Stark County Records and bounded and
described as follows:

 

Commencing at the intersection of centerline
of Clarendon Avenue, varies in width, and the centerline of 17th Street, 50 feet wide; thence South 88° 02’ 18”
East, along said centerline of 17th Street, a distance of 50.38 feet to a point thereon; thence South 01° 57’ 42”
West, a distance of 25.00 feet to a point on a southerly line or 17th Street, said point also being the Place of Beginning of the
land herein to be described;

 

    	A-4

     

    

 

Thence South 88° 02’ 18”
East, along said southerly line of 17th Street, a distance of 1270.91 feet to a point on a westerly line of I-77, varies in width,
as recorded in a ODOT STA.-8-11.17 Plat in Plat Book Volume 32, Page 202 of Stark County Plat Records;

 

Thence South 37° 22’ 38”
East, along said westerly line of I-77, a distance of 39.25 feet to a point thereon;

 

Thence South 09° 05’ 30”
West, continuing along westerly line of I-77, a distance of 225.00 feet to a point thereon;

 

Thence South 14° 52’ 09”
West, continuing along westerly line of I-77, a distance of 597.90 feet to a point on a northerly line of Helen Place, 50 feet
wide;

 

Thence North 88° 05’ 51”
West, along said northerly line of Helen Place, a distance of 1127.58 feet to a point of curvature;

 

Thence northwesterly along the arc of a
curve deflecting to the right, 31.27 feet, said arc having a radius of 20.00 feet and a chord which bears North 43° 18’
32” West, a distance of 28.18 feet to a point on the easterly line of Clarendon Avenue;

 

Thence North 01° 28’ 47”
East, along said easterly line of Clarendon Avenue, a distance of 797.60 feet to a point of curvature;

 

Thence northeasterly along the arc of a
curve deflecting to the right, 31.58 feet, said arc having a radius of 20.00 feet and a chord which bears North 46° 43’
15” East, a distance of 28.40 feet to the Place of Beginning of the land herein described, containing 23.8650 Acres, 1,039,558
Square Feet of land.

 

    	A-5

     

    

 

ATTACHMENT I

 

CANTON CITY SCHOOL DISTRICT

 

OPERATIONS AND USE AGREEMENT--- BASE LEVEL
OF USAGE (STADIUM)

 

	 	 	Accommodate

on Fields1	 	Stadium Use

Conditional2	 	Mandatory

Stadium Use	 	Notes
	McKinley Regular Season (home games)	 	0	 	0	 	6	 	Estimated/Average – All Home Games and Jamboree are Mandatory. Typical Regular Season and Jamboree = 6+/- on Friday Evenings; Add’l Home Game if Host 1st Round Playoff3
	McKinley FB Practice 

(In-Season)	 	16-204	 	17	 	13-17	 	M, W, Th after School (3:00-6:00) from mid-August through October with Band Optionality; Mandatory is for full Massillon Week (M/T/W/Th) and all other Thursday walk-throughs. Plus 4 is for Thursday walk-throughs in November (only if in playoffs).
	McKinley FB Summer Camp/Other	 	35-40	 	9	 	6	 	Estimated/Average – Generally before mid-August week begins Reg. Season; Optionality for Youth/Middle School Camps, and McK FB/Band practice days. Mandatory includes: Host FB Camp, 2 FB scrimmages, 1 combo picture day/Band practice, 1 Middle-School game and 1 Massillon 9th grade game
	Youth Football Camp	 	2	 	0	 	0	 	Included in McKinley FB Camp/Summer/Other
	Youth Football	 	11	 	1	 	0	 	Youth championship game
	Spring Baseball/Softball (Back-up)	 	20	 	0	 	0	 	Not footnoted, but agreed to accommodate.
	CCSD Walk-a-Thons	 	2	 	0	 	0	 	One Weekend Day in October and May
	Family Fun Day	 	0	 	0	 	2	 	One Saturday in Early October plus set-up on Friday Evening
	SUB-TOTAL (EXHIBIT A)	 	102-1114	 	27	 	27-31	 	Reflects Stadium Base Use shown in original Table (and Exhibit A)
	Canton CSD Days	 	0	 	0	 	4	 	Non-Exhibit-A Stadium Base Use (subject to Enshrinement Activities use by PFHOF or other conflicting uses, to be resolved per the Operations and Use Agreement).
	TOTAL	  	102-1114	  	27	  	31-35	 	 

 

1 Mandatory alternative accommodations on Turf Fields; Stadium use is only as a back-up if fields are unavailable (or other conditions are not met – e.g., Football Operations Center).

2 Mandatory alternative accommodations on Turf Fields; Stadium use is generally conditioned on availability; i.e., lack of other scheduled uses (in addition to other conditions referenced in fn1); cooperative procedure to be established whereby if no alternative Stadium Use is scheduled before later of 60 days in advance and notice from CCSD of intended use, Stadium Use becomes mandatory (unless otherwise agreed by CCSD).

3 Need to use Press-Box for pre-game meal for all McKinley Varsity games - home, away and playoff games (3:00 – 5:00 for away games).

4 16-20 represents agreed reduction in mandatory or conditional use of Stadium in after-school timeslots originally identified as Base Level Usage; please note that actual reduction in McKinley FB practices, and related need for Fields accommodation is approximately 33-37 events (in addition to JV, Freshman and Middle School team practices identified as Base Level Usage of Fields in Exhibit A to Op-Use Agreement) so 102-111 represents necessary accommodations.  Most band practices were identified as Base Usage of Fields but have not always been accommodated there, so optionality for conditional Stadium usage has been reserved here; however there can be and have been alternative accommodations in event of conflict.

 

    	 

    	 

    

 

ATTACHMENT II

 

NATIONAL FOOTBALL MUSEUM, INC.

DBA PRO FOOTBALL HALL OF FAME

2121 George Halas Drive NW

Canton, OH 44708

 

ESTOPPEL CERTIFICATE
AND CONSENT

 

March ___, 2018

 

Stark County Port Authority

400 3rd Street SE, Suite 310

Canton, OH 44702

Attention: Chairperson

 

GACP FINANCE CO., LLC

as Administrative Agent

11100 Santa Monica Blvd.

Los Angeles, CA 90025

 

Ladies and Gentlemen:

 

Reference is hereby made to the following
instruments and agreements:

 

· That
certain Loan Agreement dated as of March __, 2018 (as the same may be amended, restated, extended, replaced, supplemented, consolidated
or otherwise modified from time to time, “Loan Agreement”), by and among (i) GACP Finance Co., LLC, a Delaware
limited liability company, as administrative agent (together with its successors and/or assigns, “Administrative Agent”),
(ii) GACP II, L.P., a Delaware limited partnership, as initial lender (together with its successors and/or assigns and any other
lender party from time to time to the Loan Agreement, collectively, the “Lender”), and (iii) the borrowers party
from time to time to the Loan Agreement (each a “Borrower” and collectively the “Borrowers”),
including HOF Village, LLC (“HOF Village”), HOF Village Stadium, LLC (“HOFV Stadium”), HOF
Village Parking, LLC (“HOFV Parking”) and HOF Village Youth Fields, LLC (“HOFV Youth Fields”),
each a Delaware limited liability company (collectively, “HOF Village Companies”);

 

· Certain
Ground Leases, each dated as of February 26, 2016, by and between Canton City School District, a political subdivision organized
and existing under Chapter 3311 of the Ohio Revised Code, acting by and through its Board of Education, as ground lessor (“Ground
Lessor” or “CCSD”) and Stark County Port Authority, an Ohio port authority and a body corporate and
politic duly organized and validly existing under Sections 4582.21 et seq., Ohio Revised Code, as ground lessee (“Ground
Lessee” or “Stark Port”), recorded in Stark County Official Records as Instrument No. 201603110009306
(as amended by Amendment Agreement referred to below, “Stadium Ground Lease”), Instrument No. 201603110009308
(“Parking Ground Lease”) and Instrument No. 201603110009310 (“Youth Fields Ground Lease”
and, together with the Stadium Ground Lease and Parking Ground Lease, the “Ground Leases”), relating to the
real property described therein and located in the City of Canton, County of Stark and State of Ohio (collectively, the “Demised
Premises”);

 

     

     

    

 

· Certain
Project Leases, each dated as of February 26, 2016, and with the Ground Lessee as lessor, and one of the Borrowers, as lessee,
and recorded in Stark County Official Records, including a Project Lease between the Ground Lessee and HOFV Stadium recorded as
Instrument No. 201603110009307 (as amended by the Amendment Agreement, “Stadium Project Lease”), a Project Lease
between the Ground Lessee and HOFV Parking recorded as Instrument No. 201603110009309 (“Parking Project Lease”)
and a Project Lease between the Ground Lessee and HOFV Youth Fields recorded as Instrument No. 201603110009311 (“Youth
Fields Project Lease” and, together with the Stadium Project Lease and Parking Project Lease, the “Project Leases”)
relating to the Demised Premises;

 

· Certain
leases identified in the Ground Lease as the “PFHOF Stadium Lease”, the “PFHOF District Property Lease”,
the “PFHOF Parking Lease” and the “PFHOF Scott Field Lease” (each as defined in the Ground
Leases and collectively the “PFHOF Leases”) and Certain subleases identified in the Ground Lease as the “PFHOF
Stadium Sublease”, the “PFHOF District Property Sublease”, the “PFHOF Parking Sublease”
and the “PFHOF Scott Field Sublease” (each as defined in the Ground Leases and collectively the “PFHOF
Subleases” and, together with the PFHOF Leases, the “PFHOF Lease Agreements”);

 

· that
certain Open-End Fee and Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated as of
March ____, 2018 (as the same may be amended, restated, extended, replaced, supplemented, consolidated, split, severed, spread
or otherwise modified from time to time, “Mortgage”), executed and delivered by the Borrowers to Administrative
Agent, for the benefit of the Lender, encumbering, among other things, all right, title and interest of each of the HOF Village
Companies in or to the Demised Premises.

 

· that
certain Pledge and Security Agreement, dated as of March ____, 2018 (as the same may be amended, restated, extended, replaced,
supplemented, or otherwise modified from time to time, “Pledge Agreement”), executed and delivered by the HOF
Village Companies to Administrative Agent, for the benefit of the Lender.

 

· that
certain: (A) the Operations and Use Agreement for HOF Village Complex dated as of February 26, 2016 by and among PFHOF, CCSD, Stark
Port and the HOF Village Companies and recorded against the Demised Property as part of the Reciprocal Easement Agreement referred
to below (as modified by the Amendment Agreement, “Operations and Use Agreement”), (B) the Reciprocal Easement
and Restrictive Covenant Agreement for the HOF Village Complex dated as of February 26, 2016 (Stark County Records Instrument No.
201603110009295) by and among PFHOF, CCSD, Stark Port and the HOF Village Companies (as modified by the Amendment Agreement, “Reciprocal
Easement Agreement”).

 

In connection with the proposed execution
and delivery of the Loan Agreement and Mortgage and the funding of the loan thereunder (“Loan Closing”), the
Administrative Agent, on behalf of the Lender, has requested that the Ground Lessor and Ground Lessee provide certain estoppel
certificates and consents relating to the Ground Leases and the Project Leases respectively (“Public Partner Estoppels”).
As a condition to providing the Public Partner Estoppels, the Ground Lessor and Ground Lessee have required, among other things,
that The National Football Museum, Inc., dba Pro Football Hall of Fame (“PFHOF”) provide an estoppel certificate
and consent relating to its interests under the PFHOF Lease Agreements (“this Estoppel”).

 

    	2

     

    

 

NOW, THEREFORE, PFHOF hereby declares,
represents, acknowledges and agrees to and with Ground Lessor, Ground Lessee, Administrative Agent and Lender, as of the date of
this Estoppel, that:

 

1. Except
to the extent amended by the Omnibus First Amendment Agreement effective August 24, 2017 (Stark County Records Instrument No. 201708240035505)
among CCSD, Stark Port, PFHOF, the HOF Village Companies, the Guarantor (as defined in the Ground Leases), the City, The Huntington
National Bank (“Huntington”), The State of Ohio, acting by and through the Ohio Facilities Construction Commission
(“State”) and Stuart Lichter, as an individual and as Trustee of the Stuart Lichter Trust U/D/T dated November
13, 2011 (“Amendment Agreement”), the PFHOF Lease Agreements have not been modified or amended. The PFHOF Lease
Agreements are in full force and effect.

 

2. PFHOF
is the holder of the lessees’ interests in, to and under the PFHOF Leases and of the sublessors’ interests in, to and
under the PFHOF Subleases.

 

3. The
lien of the Mortgage, and any other security interest or lien granted by the Borrowers to the Administrative Agent or the Lenders,
will attach only to such right, title and interest that the Borrowers hold in and to property subject to the Mortgage, including
the leasehold interests granted under the Project Leases in and to the Demised Premises (collectively “Borrower Interests”),
and the lien of the Mortgage (and any other such security interests or liens) will not attach to the right, title and interest
that PFHOF holds in and to the Demised Premises or to the right, title and interest that PFHOF holds in and to any other property
of any kind or nature. Upon any acquisition of title to the Borrower Interests pursuant to an exercise of remedies under the Mortgage
(or the Pledge Agreement, or transfer in lieu of foreclosure), the acquiring party shall succeed to such Borrower Interests subject
to all right, title and interest of PFHOF under each of the following: (A) Operations and Use Agreement, (B) the Reciprocal Easement
Agreement, (C) the PFHOF Lease Agreements, (D) the Ground Leases, and (E) the Project Leases.

 

4. Except
to the extent granted to the State (under (A) use and operation rights granted to the State under the PFHOF Lease Agreements and
certain use agreements between PFHOF and the State, executed in connection with certain grants from the State to PFHOF for improvements
to the Demised Premises (“State Use Interest”), and (B) certain non-disturbance and estoppel agreements relating
to the State Use Interest, including (1) Non-Disturbance and Estoppel Agreement – National Football Museum made effective
as of February 26, 2016 by and among the State, PFHOF, CCSD, Stark Port, HOF Village, HOFV Stadium, HOFV Parking and Huntington
and (2) a Non-Disturbance and Estoppel Agreement made effective as of November 19, 2007 by and among the State, CCSD, PFHOF and
a lender, the interest of which was purchased by HOF Village and later terminated) or subleased to CCSD under the PFHOF Subleases,
PFHOF holds the sole rights of the tenant under the PFHOF Leases.

 

    	3

     

    

 

5. All
rents required to be paid under the PFHOF Lease Agreements have been paid through the date of this Estoppel.

 

6. There
are no defaults, events of default or, to the knowledge of PFHOF, events which, with the giving of notice, the passage of time
or both, would constitute events of default by CCSD under any of the PFHOF Lease Agreements.

 

7. Notwithstanding
anything to the contrary that may be set forth in the Ground Leases or the Project Leases, PFHOF hereby acknowledges and agrees
that it will recognize (x) the Mortgage as a Project Leasehold Mortgage, (y) Administrative Agent and each Lender as a Project
Leasehold Mortgagee and (z) for purposes of Sections 6.4(d), 10.7, 13.3 and 13.4 of the Project Leases, the Mortgage as an “Affected
Leasehold Mortgage” and Administrative Agent and each Lender as an “Affected Leasehold Mortgagee” and for purposes
of Sections 13 and 19 of the Ground Leases, the Mortgage as an “Affected Leasehold Mortgage” and Administrative Agent
or the Lender as an “Affected Leasehold Mortgagee.” PFHOF hereby acknowledges and agrees that provisions that run to
the benefit of an “Affected Leasehold Mortgagee” under Section 13(e) of the Ground Leases and under Sections 10.7,
13.3 and 13.4 of the Project Leases shall equally apply to Administrative Agent and each Lender as Project Leasehold Mortgagees.

 

8. Notwithstanding
anything to the contrary that may be set forth in the Ground Leases or the Project Leases, PFHOF hereby acknowledges and agrees
that its rights under Section 13(e) of the Ground Leases and under Section 10.7 of the Project Leases are subject and subordinate
to the rights of Administrative Agent and each Lender under the Ground Leases and the Project Leases.

 

9. Notwithstanding
anything to the contrary that may be set forth in the Ground Leases or the Project Leases (including, without limitation, Article
XI of the Project Leases), PFHOF hereby consents to the execution and delivery of the Pledge Agreement, and agrees that the same
shall not constitute a breach or default by HOF Village Companies under the Ground Leases or the Project Leases. Notwithstanding
anything to the contrary that may be set forth in the Ground Leases or the Project Leases (including, without limitation, Article
XI of the Project Leases), PFHOF hereby acknowledges and agrees that a foreclosure or a transfer in lieu of foreclosure, whether
pursuant to the Mortgage or the Pledge Agreement, as well as an initial assignment by a Project Leasehold Mortgagee following such
foreclosure or transfer in lieu thereof, shall each be a permitted assignment under the Ground Leases and the Project Leases, without
the need to comply with the provisions of Section 8(a) of the Ground Leases (including, without limitation, any requirement that
the assignee constitute a Pre-Approved Assignee (as defined in the Ground Lease) or otherwise be approved by Ground Lessor) or
Section 11.1 of the Project Leases (including, without limitation, any requirement that the assignee constitute a Pre-Approved
Assignee (as defined in the Project Lease) or otherwise be approved by Project Lessor, Ground Lessor and Holder).

 

10. This
Estoppel and the statements made herein have been duly authorized on behalf of PFHOF and the officer of PFHOF signing this Estoppel
is fully authorized to sign this Estoppel on behalf of PFHOF.

 

    	4

     

    

 

11. This
Estoppel is executed by PFHOF for the benefit and protection of the Ground Lessor and Ground Lessee and with full knowledge of
PFHOF that the Ground Lessor and Ground Lessee are relying on this Estoppel in executing the Public Partner Estoppels to facilitate
the transactions contemplated by the Loan Agreement and the Mortgage, all of which is to the benefit of PFHOF. This Estoppel is
also executed by PFHOF for the benefit and protection of the Administrative Agent and Lender and with full knowledge of PFHOF that
the Administrative Agent and Lender are relying on this Estoppel are relying on this Certificate in entering into the transactions
contemplated by the Loan Agreement and the Mortgage, all of which is to the benefit of PFHOF.

 

	 	NATIONAL FOOTBALL MUSEUM, INC.,
	 	DBA PRO FOOTBALL HALL OF FAME,
	 	an Ohio nonprofit corporation
	 	 	 
	 	By:	 
	 	 	C. David Baker, President

 

 

5

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