Document:

Exhibit 10.14

 

Execution Version

 

 

AMENDMENT NUMBER 5 TO TERM LOAN AGREEMENT

 

Dated as of June 28, 2019

 

among

 

HOF VILLAGE,
LLC; HOF VILLAGE YOUTH FIELDS, LLC; HOF VILLAGE PARKING, LLC; HOF VILLAGE STADIUM, LLC AND THE OTHER PERSONS SIGNATORY HERETO AS

BORROWERS

 

and

 

THE LENDERS PARTY HERETO,

 

and

 

GACP FINANCE CO., LLC, as Administrative
Agent

 

 

     

    	 

    

 

AMENDMENT NUMBER 5 TO TERM LOAN AGREEMENT

 

This AMENDMENT NUMBER
5 TO TERM LOAN AGREEMENT (this “Amendment Number 5”) dated as of June 28, 2019 is made by and among: (i)
HOF VILLAGE, LLC, a Delaware limited liability company (the “Lead Borrower”); HOF VILLAGE YOUTH FIELDS, LLC,
a Delaware limited liability company; HOF VILLAGE PARKING, LLC, a Delaware limited liability company; HOF VILLAGE STADIUM, LLC,
a Delaware limited liability company; HOF VILLAGE LAND, LLC, a Delaware limited liability company; HOF VILLAGE HOTEL I, LLC, a
Delaware limited liability company; HOF VILLAGE SPORTS BUSINESS, IA,C, a Delaware limited liability company; HOF VILLAGE PARKING
MANAGEMENT I, LLC, a Delaware limited liability company; HOF VILLAGE RESIDENCES I, LLC, a Delaware limited liability company;
HOF VILLAGE CENTER FOR EXCELLENCE, LLC, a Delaware limited liability company; HOF VILLAGE CENTER FOR PERFORMANCE, LLC, a Delaware
limited liability company; HOF EXPERIENCE, LLC, a Delaware limited liability company; HOE VILLAGE MEDIA GROUP, LLC, a Delaware
limited liability company; and the other Persons signatory hereto as “Borrowers” (collectively, the “Borrowers”,
and each individually, a “Borrower”); (ii) the Lenders party hereto; and (iii) GACP FINANCE CO., LLC, as administrative
agent (in such capacity, the “Administrative Agent”).

 

PRELIMINARY STATEMENTS:

 

(1) The
Borrowers, the Lenders party thereto from time to time, the Administrative Agent, and the other patties named therein are parties
to the Term Loan Agreement, dated as of March 20, 2018 (as amended by: (v) that certain Delayed Draw Joinder Agreement Number 1,
dated as of April 11, 2018, (w) that certain Delayed Draw Joinder Agreement Number 2, dated as of May 18, 2018, (x) that
certain Amendment Number 3 to Term Loan Agreement, dated as of September 14, 2018, (y) that certain Amendment Number 4 to Term
Loan Agreement, dated as of February 19, 2019 and (z) 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 meanings ascribed to such terms in the Loan Agreement, as amended hereby).

 

(2) The
Administrative Agent, the Borrowers, and the Lenders desire to amend the Loan Agreement as set forth below, such amendment, except
as set forth herein, to become effective on the Amendment Number 5 Effective Date.

 

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

 

SECTION 1. Acknowledgments:

 

Each Borrower hereby
acknowledges and agrees that as of the date hereof, the outstanding principal amount of Loans (exclusive of interest, costs, fees
and other expenses payable by the Borrowers to the Administrative Agent and the other Secured Parties under the Loan Agreement
and the other Loan Documents) is $65,000,000 and such amounts are not subject to any offset, counterclaim or defense by any of
the Borrowers.

 

SECTION 2. Defined
Terms.

 

(a) Terms
defined in the preamble, preliminary statements and otherwise in this Amendment Number 5 shall have the meanings given to
such terries in such preamble, preliminary statements and Section 3 and Section 5, respectively.

 

    1

    	 

    

 

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

 

(a) Section 1.01
is amended as follows:

 

(i) The
definition of the term “Maturity Date” is amended and restated in its entirety to read as follows:

 

“Maturity
Date” shall mean the earlier of (a) August 15, 2019 and (b) the date that all Loans shall become due and payable in full
hereunder, whether by acceleration or otherwise.

 

(ii) The
following new defined term is added to Section 1.01 in alphabetical order:

 

“Amendment
Number 5” shall mean the Amendment Number 5 to this Agreement dated as of June 28, 2019.

 

(b) Section
2.04 (e)(i) is hereby amended by amending and restating the proviso at the end thereof to read as follows:

 

“; provided
that so long as no Default or Event of Default exists, the Borrower may defer the payment of the interest that is otherwise due
and payable on March 31, 2019, April 30, 2019, May 31, 2019, June 30, 2019 and July 31, 2019 respectively, on the Loans until the
Maturity Date. In addition, the Borrowers shall pay to the Administrative Agent for the benefit of the Lenders a deferral fee in
the amount $86,000, which deferral fee shall be immediately due and earned and shall be paid on the Maturity Date.”

 

SECTION 4. Representations.
The Borrowers represent and warrant that as of the date hereof, each of the December 24, 2018 Convertible Subordinated Notes is
held by a Person that not an Affiliate of any Borrower or M. Klein and Company LLC.

 

SECTION 5. Conditions
to Effectiveness. This Amendment Number 5 shall become effective on the date (the “Amendment Number 5 Effective
Date”), when each of the conditions set forth in this Section 5 shall have been satisfied (or waived by the Lenders):

 

(a) the
Administrative Agent shall have received counterparts of this Amendment Number 5, duly executed and delivered on behalf of
(i) each Borrower, (ii) each Lender, and (iii) the Administrative Agent;

 

(b) the
Administrative Agent shall have received a certificate of a Responsible Officer of Borrower, dated the Amendment Number 5
Effective Date and certifying:

 

(i) that
attached thereto is a true and correct copy of the resolutions of the board of directors or equivalent governing body of each Borrower,
approving this Amendment Number 5 and the transactions contemplated hereby;

 

    2

    	 

    

 

(ii) that,
as of the Amendment Number 5 Effective Date, and except for the Escrow Funding Failure (as defined in Amendment Number 4),
(1) each representation and warranty set forth in each Loan Document is true and correct in all material respects on and as of
the Amendment Number 5 Effective Date with the same effect as though made on and as of such date, except to the extent such
representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have
been true and correct in all material respects on and as of such earlier date (provided that, if a representation and warranty
contains a materiality or Material Adverse Effect qualification, such representation and warranty is true and correct in all respects),
and (2) each Borrower is in compliance with all the terms and provisions set forth in each Loan Document on its part to be observed
or performed, and, immediately after giving effect to this Amendment Number 5, no Event of Default or Default shall have occurred
and be continuing;

 

(iii) that,
as of the Amendment Number 5 Effective Date and, except for the Escrow Funding Failure (as defined in Amendment Number 4),
the Borrowers are in compliance with the terms and conditions of the Letter of Representations; and

 

(iv) that,
as of the Amendment Number 5 Effective Date, the Borrowers are in compliance with the terms and conditions of each Ground
Lease (to the extent applicable to the Borrowers) and each Project Lease;

 

(c) as
of the Amendment Number 5 Effective Date, (x) the representations and warranties of Borrowers contained in Article III of
the Loan Agreement shall be true and correct in all material respects on the Amendment Number 5 Effective Date to the same
extent as though made on and as of such date, except to the extent such representations and warranties specifically relate to an
earlier date, in which case they shall have been true and correct in all material respects on and as of such earlier date, and
(y) no Default or Event of Default shall have occurred and be continuing, or would occur immediately after giving effect to the
transactions contemplated by this Amendment Number 5;

 

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

 

(e) the
Administrative Agent and the Lenders shall have received reaffirmation agreements in respect of the Recourse Guaranty, the Mezzanine
Subordination Agreement and the subordination agreements executed by National Football Museum Inc., CI-1 Capital Lending, LLC and
M. Klein and Company, LLC; and

 

(f) the
Borrowers shall have paid all fees and expenses of the Administrative Agent and the Lenders in connection with this Amendment Number 5.

 

SECTION 6. Confirmation
of Representations and Warranties.

 

(a) Each
Borrower hereby represents and warrants, on and as of the Amendment Number 5 Effective Date, that the representations and
warranties of Borrowers contained in Article III of the Loan Agreement are true and correct in all material respects on such date
to the same extent as though made on and as of such date, except to the extent such representations and warranties specifically
relate to an earlier date, in which case they were true and correct in all material respects on and as of such earlier date (provided
that, if a representation and warranty contains a materiality or Material Adverse Effect qualification, such representation and
warranty is true and correct in all respects).

 

(b) Each
Loan Party hereby represents and warrants, on and as of the Amendment Number 5 Effective Date, that it has the necessary corporate
power to execute, deliver and perform this Amendment Number 5, and it has duly authorized all corporate or other action required
to be taken by it for the execution, delivery and performance of this Amendment Number 5 and the consummation of the transaction
contemplated hereby.

 

    3

    	 

    

 

SECTION 7. Consent
and Affirmation. Each Borrower hereby (a) consents to the execution, delivery and performance of this Amendment Number 5
and agrees that each Loan Document is, and shall continue to be, in full force and effect and is hereby in all respects ratified
and confirmed on the Amendment Number 5 Effective Date, except that, on and after the Amendment Number 5 Effective Date,
each reference to the “Loan Agreement”, “thereunder”, “thereof”, “therein”
or words of like import referring to the Loan Agreement shall mean and be a reference to the Loan Agreement as amended and otherwise
modified by this Amendment Number 5, and (b) confirms that the Loan Documents to which each of the Borrowers is a party and
all of the Collateral described therein do, and shall continue to, secure the payment of all of the Obligations.

 

SECTION 8. Reference
to and Effect on the Loan Documents.

 

(a) On
and after the Amendment Number 5 Effective Date, each reference in the Loan Agreement to “hereunder”, “hereof”
or words of like import referring to the Loan Agreement, and each reference in the other transaction documents to the “Loan
Agreement”, “thereunder”, “thereof” or words of like import referring to the Loan
Agreement, shall mean and be a reference to the Loan Agreement as modified by this Amendment Number 5. From and after the
Amendment Number 5 Effective Date, this Amendment Number 5 shall be a Loan Document under the Loan Agreement.

 

(b) The
Loan Agreement and the other Loan Documents, as specifically amended by this Amendment Number 5, are and shall continue to
be in full force and effect and are hereby in all respects ratified and confirmed, and the respective guarantees, pledges, grants
of security interests and other agreements, as applicable, under each of the Loan Documents, notwithstanding the consummation of
the transactions contemplated hereby, shall continue to be in full force and effect and shall accrue to the benefit of the Administrative
Agent and the Lenders under the Loan Agreement. Without limiting the generality of the foregoing, the Collateral described in the
Loan Documents do and shall continue to secure the payment of all Obligations of the Borrowers under the Loan Documents, in each
case, as amended by this Amendment Number 5.

 

(c) The
execution, delivery and effectiveness of this Amendment Number 5 shall not, except as expressly provided herein, operate as
a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute
a waiver of any provision of any of the Loan Documents.

 

SECTION 9. Execution
in Counterparts: Order of Amendments. This Amendment Number 5 may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken
together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment
Number 5 by .pdf or other electronic form shall be effective as delivery of a manually executed original counterpart of this
Amendment Number 5.

 

SECTION 10. Amendments;
Headings; Severability. This Amendment Number 5 may not be amended nor may any provision hereof be waived except pursuant
to a writing signed by the Borrowers, the Administrative Agent and the Lenders. The Section headings used herein are for convenience
of reference only, are not part of this Amendment Number 5 and are not to affect the construction of, or to be taken into
consideration in interpreting this Amendment Number 5. Any provision of this Amendment Number 5 held to be invalid, illegal
or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality
or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof, and the invalidity
of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties
shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the
economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

 

    4

    	 

    

 

SECTION 11. Cost
and Expenses. Borrowers agree to pay on demand all costs and expenses of the Administrative Agent in connection with the preparation,
execution, delivery and administration, modification and amendment of this Amendment Number 5 and the other instruments and
documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the Administrative
Agent) in accordance with the terms of Section 10.05 of the Loan Agreement.

 

SECTION 12. Governing
Law; Etc. This Amendment Number 5 shall be governed by, and construed in accordance with, the laws of the State of New
York, and shall be subject to the jurisdictional, service and waiver of jury trial provisions of the Loan Agreement, as if they
were set forth herein.

 

SECTION 13. No
Novation. This Amendment Number 5 shall not extinguish the obligations for the payment of money outstanding under the
Loan Agreement or discharge or release the Lien or priority of any Loan Document or any other security therefor. Nothing herein
contained shall be construed as a substitution or novation of the obligations outstanding under the Loan Agreement or instruments
securing the same, which shall remain in full force and effect, except to any extent modified hereby or by instruments executed
concurrently herewith and except to the extent repaid as provided herein. Nothing implied in this Amendment Number 5 or in
any other document contemplated hereby shall be construed as a release or other discharge of any of the Borrowers under any Loan
Document from any of its obligations and liabilities as a Borrower, guarantor or pledgor under any of the Loan Documents.

 

SECTION 14. Waiver
of Claims. Each Borrower on behalf of itself, its Affiliates and their respective officers, direct and indirect members, directors,
shareholders, employees, agents, insurers, heirs, successors and assigns (collectively, the “Releasing Parties”),
hereby waives, releases, remises and forever discharges the Administrative Agent, the Lenders and each other Secured Party from
any and all claims, suits, actions, investigations, proceedings or demands arising out of or in connection with the Loan Agreement:
and any other Loan Document (collectively, “Claims”), whether based in contract, tort, implied or express warranty,
strict liability, criminal or civil statute or common law of any kind or character, known or unknown, which any Releasing Party
ever had, now has or might hereafter have against the Administrative Agent, the Lenders and each other Secured Party which relates,
directly or indirectly, to any acts or omissions of the Administrative Agent, the Lenders and each other Secured Party on or prior
to the Amendment Number 5 Effective Date, in each case, in respect to the Loan Agreement, the other Loan Documents and the
transactions contemplated hereby and thereby.

 

SECTION 15. Advice
of Counsel. The Borrowers acknowledge that they have reviewed this Amendment Number 5 in its entirety, having consulted
such legal, tax or other advisors as they deem appropriate; and understand and agree to each of the provisions of this
Amendment Number 5, and further acknowledge that they have entered into this Amendment Number 5 voluntarily.

 

SECTION 16. Rules
of Construction. The parties hereto agree that any rule of construction to the effect that ambiguities are resolved against
the drafting party shall not apply to the interpretation of this Amendment Number 5.

 

SECTION 17. Effect
of this Amendment Number 5. Except as expressly set forth herein, (a) this Amendment Number 5 shall not by implication
or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Administrative Agent, the
Lenders and the other Secured Parties, (b) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations,
covenants or agreements contained in the Loan Agreement or any other Loan Document. Nothing contained in this Amendment Number 5
shall constitute or be deemed to constitute a course of dealing or other basis for altering any rights or obligations of Lender
under the Loan Documents, or any obligations of the Borrowers or any other party under the Loan Documents (in each instance, except
as expressly set forth herein), (c) the Administrative Agent, the Lenders and the other Secured Parties have not and are not waiving
their rights against any Person (including the Borrowers), including as a result of any Default or Event of Defaults that exists
(notwithstanding the Borrowers’ representation that no Default or Event of Default exists) and (d) the Administrative Agent,
the Lenders and the other Secured Parties have not and are not waiving their rights and remedies against any Person (including
the Borrowers) as a result of any Default or Event of Default or as a result of any other breach of any Loan Documents or otherwise,
including as a result of any past, present or future event or circumstance.

 

[SIGNATURES FOLLOW]

 

    5

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Amendment Number 5 to be executed by their respective officers thereunto duly authorized,
as of the date first above written. 

 

	 	Borrowers: 
	 	 
	 	HOF VILLAGE, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

	 	HOF VILLAGE PARKING, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

	 	HOF VILLAGE YOUTH FIELDS, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

	 	HOF VILLAGE STADIUM, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

[SIGNATURES CONTINUE ON NEXT PAGE]

 

     

    	 

    

 

	 	Borrowers, cont.:
	 	 
	 	HOF VILLAGE LAND, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

	 	HOF VILLAGE HOTEL I, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

	 	HOF VILLAGE SPORTS BUSINESS, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

	 	HOF VILLAGE PARKING MANAGEMENT I, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

[SIGNATURES CONTINUE ON NEXT PAGE]

 

     

    	 

    

 

	 	Borrowers, cont.:
	 	 
	 	HOF VILLAGE RESIDENCES I, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

	 	HOF VILLAGE CENTER FOR EXCELLENCE, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

	 	HOF VILLAGE CENTER FOR PERFORMANCE, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

	 	HOF EXPERIENCE, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

[SIGNATURES CONTINUE ON NEXT PAGE]

 

     

    	 

    

 

	 	Borrowers, cont.:
	 	 
	 	HOF VILLAGE MEDIA GROUP, LLC,
	 	a Delaware limited liability company

 

	 	By:	/s/
	 	 	Name:	Brian Parisi
	 	 	Title:	Chief Financial Officer

 

[SIGNATURES CONTINUE ON NEXT PAGE]

 

     

    	 

    

 

	 	Administrative Agent:
	 	 
	 	GACP FINANCE CO., LLC,
	 	as Administrative Agent

 

	 	By:	/s/
	 	 	Name:	Robert A. Louzan
	 	 	Title:	Authorized Signatory

 

	 	Lenders (and by their signatures below, the Lenders direct the Administrative Agent to execute this Amendment Number 5):
	 	 
	 	GACP II, L.P.

 

	 	By:	/s/
	 	 	Name:	Robert A. Louzan
	 	 	Title:	Authorized Signatory

 

	 	IRG, LLC,
	 	a Nevada limited liability company

 

	 	By:	S.L. Properties, Inc.,
	 		a Delaware corporation,
	 	 	its Manager

 

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

 

[SIGNATURES CONTINUE ON NEXT PAGE]

 

     

    	 

    

 

	 	Lenders, cont. (and by their signatures below, the Lenders direct the Administrative Agent to execute this Amendment Number 5):
	 	 
	 	DLMOMODE MARKETING, LLC,
	 	a New York limited liability company

 

	 	By:	/s/
	 	 	Name:	Mark Bezos
	 	 	Title:	SignatoryExhibit
10.15

 

Execution
Version

 

 

  

 

AMENDMENT
NUMBER 6 TO TERM LOAN AGREEMENT

 

Dated as
of August 15, 2019

 

among

 

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

HOF VILLAGE PARKING, LLC; HOF VILLAGE STADIUM, LLC AND THE OTHER

 PERSONS SIGNATORY HERETO AS BORROWERS

 

and

 

THE LENDERS
PARTY HERETO,

 

and

 

GACP FINANCE
CO., LLC, as Administrative Agent

  

 

 

 

     

     

    

 

AMENDMENT
NUMBER 6 TO TERM LOAN AGREEMENT

 

This
AMENDMENT NUMBER 6 TO TERM LOAN AGREEMENT (this “Amendment Number 6”) dated as of August 15, 2019 is made by
and among: (i) HOF VILLAGE, LLC, a Delaware limited liability company (the “Lead Borrower”); HOF VILLAGE YOUTH
FIELDS, LLC, a Delaware limited liability company; HOF VILLAGE PARKING, LLC, a Delaware limited liability company; HOF VILLAGE
STADIUM, LLC, a Delaware limited liability company; HOF VILLAGE LAND, LLC, a Delaware limited liability company; HOF VILLAGE HOTEL
I, LLC, a Delaware limited liability company; HOF VILLAGE SPORTS BUSINESS, LLC, a Delaware limited liability company; HOF VILLAGE
PARKING MANAGEMENT I, LLC, a Delaware limited liability company; HOF VILLAGE RESIDENCES I, LLC, a Delaware limited liability company;
HOF VILLAGE CENTER FOR EXCELLENCE, LLC, a Delaware limited liability company; HOF VILLAGE CENTER FOR PERFORMANCE, LLC, a Delaware
limited liability company; HOF EXPERIENCE, LLC, a Delaware limited liability company; HOF VILLAGE MEDIA GROUP, LLC, a Delaware
limited liability company; and the other Persons signatory hereto as “Borrowers” (collectively, the “Borrowers”,
and each individually, a “Borrower”); (ii) the Lenders party hereto; and (iii) GACP FINANCE CO., LLC, as administrative
agent (in such capacity, the “Administrative Agent”).

 

PRELIMINARY
STATEMENTS:

 

(1)
The Borrowers, the Lenders party thereto from time to time, the Administrative Agent, and the other parties named therein are
parties to the Term Loan Agreement, dated as of March 20, 2018 (as amended by: (u) that certain Delayed Draw Joinder Agreement
Number 1, dated as of April 11, 2018, (v) that certain Delayed Draw Joinder Agreement Number 2, dated as of May 18, 2018, (w)
that certain Amendment Number 3 to Term Loan Agreement, dated as of September 14, 2018, (x) that certain Amendment Number 4 to
Term Loan Agreement, dated as of February 19, 2019, (y) that certain Amendment Number 5 to Term Loan Agreement, dated as of June
28, 2019 and (z) 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 meanings ascribed to such terms in
the Loan Agreement, as amended hereby).

 

(2)
The Administrative Agent, the Borrowers, and the Lenders desire to amend the Loan Agreement as set forth below, such amendment,
except as set forth herein, to become effective on the Amendment Number 6 Effective Date.

 

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

 

SECTION
1.Acknowledgments.

 

Each
Borrower hereby acknowledges and agrees that as of the date hereof, the outstanding principal amount of Loans (exclusive of interest,
costs, fees and other expenses payable by the Borrowers to the Administrative Agent and the other Secured Parties under the Loan
Agreement and the other Loan Documents) is $65,000,000 and such amounts are not subject to any offset, counterclaim or defense
by any of the Borrowers.

 

    1

     

    

 

SECTION
2. Defined Terms.

 

(a)
Terms defined in the preamble, preliminary statements and otherwise in this Amendment Number
6 shall have the meanings given to such terms in such preamble, preliminary statements and Section 3 and Section 5, respectively.

 

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

 

Section 1.01 is amended
as follows:

 

(i)
The definition of the term “Maturity Date” is amended and restated in its entirety to read as follows:

 

“Maturity
Date” shall mean the earlier of (a) September 13, 2019 and (b) the date that all Loans shall become due and payable
in full hereunder, whether by acceleration or otherwise.

 

(ii)
The following new defined term is added to Section 1.01 in alphabetical order:

 

“Amendment
Number 6” shall mean the Amendment Number 6 to this Agreement dated as of August 15, 2019.

 

SECTION
4.Representations. The Borrowers represent and warrant that as of the date hereof,
each of the December 24, 2018 Convertible Subordinated Notes is held by a Person that not an Affiliate of any Borrower or M. Klein
and Company LLC.

 

SECTION
5.Conditions to Effectiveness. This Amendment Number 6 shall become effective
on the date (the “Amendment Number 6 Effective Date”), when each of the conditions set forth in this Section
5 shall have been satisfied (or waived by the Lenders):

 

(a)
the Administrative Agent shall have received counterparts of this Amendment Number 6, duly
executed and delivered on behalf of (i) each Borrower, (ii) each Lender, and (iii) the Administrative Agent;

 

(b)
the Administrative Agent shall have received a certificate of a Responsible Officer of Borrower,
dated the Amendment Number 6 Effective Date and certifying:

 

(i)
that attached thereto is a true and correct copy of the resolutions of the board of directors
or equivalent governing body of each Borrower, approving this Amendment Number 6 and the transactions contemplated hereby;

 

    2

     

    

 

(ii)
that, as of the Amendment Number 6 Effective Date, and except for the Escrow Funding Failure
(as defined in Amendment Number 4), (1) each representation and warranty set forth in each Loan Document is true and correct in
all material respects on and as of the Amendment Number 6 Effective Date with the same effect as though made on and as of such
date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations
and warranties shall have been true and correct in all material respects on and as of such earlier date (provided that,
if a representation and warranty contains a materiality or Material Adverse Effect qualification, such representation and warranty
is true and correct in all respects), and (2) each Borrower is in compliance with all the terms and provisions set forth in each
Loan Document on its part to be observed or performed, and, immediately after giving effect to this Amendment Number 6, no Event
of Default or Default shall have occurred and be continuing;

 

(iii)
that, as of the Amendment Number 6 Effective Date and, except for the Escrow Funding Failure
(as defined in Amendment Number 4), the Borrowers are in compliance with the terms and conditions of the Letter of Representations;
and

 

(iv)
that, as of the Amendment Number 6 Effective Date, the Borrowers are in compliance with the
terms and conditions of each Ground Lease (to the extent applicable to the Borrowers) and each Project Lease;

 

(c)
as of the Amendment Number 6 Effective Date, (x) the representations and warranties of Borrowers
contained in Article III of the Loan Agreement shall be true and correct in all material respects on the Amendment Number 6 Effective
Date to the same extent as though made on and as of such date, except to the extent such representations and warranties specifically
relate to an earlier date, in which case they shall have been true and correct in all material respects on and as of such earlier
date, and (y) no Default or Event of Default shall have occurred and be continuing, or would occur immediately after giving effect
to the transactions contemplated by this Amendment Number 6;

 

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

 

(e)
the Administrative Agent and the Lenders shall have received reaffirmation agreements in
respect of the Recourse Guaranty, the Mezzanine Subordination Agreement and the subordination agreements executed by National
Football Museum Inc., CH Capital Lending, LLC and M. Klein and Company, LLC.

 

SECTION
6.Confirmation of Representations and Warranties.

 

(a)
Each Borrower hereby represents and warrants, on and as of the Amendment Number 6 Effective
Date, that the representations and warranties of Borrowers contained in Article III of the Loan Agreement are true and correct
in all material respects on such date to the same extent as though made on and as of such date, except to the extent such representations
and warranties specifically relate to an earlier date, in which case they were true and correct in all material respects on and
as of such earlier date (provided that, if a representation and warranty contains a materiality or Material Adverse Effect
qualification, such representation and warranty is true and correct in all respects).

 

    3

     

    

 

(b)
Each Loan Party hereby represents and warrants, on and as of the Amendment Number 6 Effective
Date, that it has the necessary corporate power to execute, deliver and perform this Amendment Number 6, and it has duly authorized
all corporate or other action required to be taken by it for the execution, delivery and performance of this Amendment Number
6 and the consummation of the transaction contemplated hereby.

 

SECTION
7.Consent and Affirmation. Each Borrower hereby (a) consents to the
execution, delivery and performance of this Amendment Number 6 and agrees that each Loan Document is, and shall continue to
be, in full force and effect and is hereby in all respects ratified and confirmed on the Amendment Number 6 Effective Date,
except that, on and after the Amendment Number 6 Effective Date, each reference to the “Loan Agreement”,
“thereunder”, “thereof’”, “therein” or words of like import referring to the Loan
Agreement shall mean and be a reference to the Loan Agreement as amended and otherwise modified by this Amendment Number 6,
and (b) confirms that the Loan Documents to which each of the Borrowers is a party and all of the Collateral described
therein do, and shall continue to, secure the payment of all of the Obligations.

 

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

 

(a)
On and after the Amendment Number 6 Effective Date, each reference in the Loan Agreement
to “hereunder”, “hereof’ or words of like import referring to the Loan Agreement, and each reference
in the other transaction documents to the “Loan Agreement”, “thereunder”, “thereof’ or
words of like import referring to the Loan Agreement, shall mean and be a reference to the Loan Agreement as modified by this
Amendment Number 6. From and after the Amendment Number 6 Effective Date, this Amendment Number 6 shall be a Loan Document under
the Loan Agreement.

 

(b)
The Loan Agreement and the other Loan Documents, as specifically amended by this Amendment
Number 6, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed, and the
respective guarantees, pledges, grants of security interests and other agreements, as applicable, under each of the Loan Documents,
notwithstanding the consummation of the transactions contemplated hereby, shall continue to be in full force and effect and shall
accrue to the benefit of the Administrative Agent and the Lenders under the Loan Agreement. Without limiting the generality of
the foregoing, the Collateral described in the Loan Documents do and shall continue to secure the payment of all Obligations of
the Borrowers under the Loan Documents, in each case, as amended by this Amendment Number 6.

 

(c)
The execution, delivery and effectiveness of this Amendment Number 6 shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any
of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.

 

SECTION
9.Execution in Counterparts; Order of Amendments. This Amendment Number 6 may
be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of
an executed counterpart of a signature page to this Amendment Number 6 by .pdf or other electronic form shall be effective as
delivery of a manually executed original counterpart of this Amendment Number 6.

 

    4

     

    

 

SECTION
10.Amendments; Headings; Severability. This Amendment Number 6 may not be amended
nor may any provision hereof be waived except pursuant to a writing signed by the Borrowers, the Administrative Agent and the
Lenders. The Section headings used herein are for convenience of reference only, are not part of this Amendment Number 6 and are
not to affect the construction of, or to be taken into consideration in interpreting this Amendment Number 6. Any provision of
this Amendment Number 6 held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof, and the invalidity of a particular provision in a particular jurisdiction shall not invalidate
such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal
or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid,
illegal or unenforceable provisions.

 

SECTION
11.Cost and Expenses. Borrowers agree to pay on demand all costs and expenses
of the Administrative Agent in connection with the preparation, execution, delivery and administration, modification and amendment
of this Amendment Number 6 and the other instruments and documents to be delivered hereunder (including, without limitation, the
reasonable fees and expenses of counsel for the Administrative Agent) in accordance with the terms of Section 10.05 of the Loan
Agreement.

 

SECTION
12.Governing Law; Etc. This Amendment Number 6 shall be governed by, and construed
in accordance with, the laws of the State of New York, and shall be subject to the jurisdictional, service and waiver of jury
trial provisions of the Loan Agreement, as if they were set forth herein.

 

SECTION
13.No Novation. This Amendment Number 6 shall not extinguish the obligations for
the payment of money outstanding under the Loan Agreement or discharge or release the Lien or priority of any Loan Document or
any other security therefor. Nothing herein contained shall be construed as a substitution or novation of the obligations outstanding
under the Loan Agreement or instruments securing the same, which shall remain in full force and effect, except to any extent modified
hereby or by instruments executed concurrently herewith and except to the extent repaid as provided herein. Nothing implied in
this Amendment Number 6 or in any other document contemplated hereby shall be construed as a release or other discharge of any
of the Borrowers under any Loan Document from any of its obligations and liabilities as a Borrower, guarantor or pledgor under
any of the Loan Documents.

 

SECTION
14.Waiver of Claims. Each Borrower on behalf of itself, its Affiliates and their
respective officers, direct and indirect members, directors, shareholders, employees, agents, insurers, heirs, successors and
assigns (collectively, the “Releasing Parties”), hereby waives, releases, remises and forever discharges the
Administrative Agent, the Lenders and each other Secured Party from any and all claims, suits, actions, investigations, proceedings
or demands arising out of or in connection with the Loan Agreement and any other Loan Document (collectively, “Claims”),
whether based in contract, tort, implied or express warranty, strict liability, criminal or civil statute or common law of any
kind or character, known or unknown, which any Releasing Party ever had, now has or might hereafter have against the Administrative
Agent, the Lenders and each other Secured Party which relates, directly or indirectly, to any acts or omissions of the Administrative
Agent, the Lenders and each other Secured Party on or prior to the Amendment Number 6 Effective Date, in each case, in respect
to the Loan Agreement, the other Loan Documents and the transactions contemplated hereby and thereby.

 

    5

     

    

 

SECTION
15.Advice of Counsel. The Borrowers acknowledge that they have reviewed this Amendment
Number 6 in its entirety, having consulted such legal, tax or other advisors as they deem appropriate, and understand and agree
to each of the provisions of this Amendment Number 6, and further acknowledge that they have entered into this Amendment Number
6 voluntarily.

 

SECTION
16.Rules of Construction. The parties hereto agree that any rule of construction
to the effect that ambiguities are resolved against the drafting party shall not apply to the interpretation of this Amendment
Number 6.

 

SECTION
17.Effect of this Amendment Number 6. Except as expressly set forth herein, (a)
this Amendment Number 6 shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights
and remedies of the Administrative Agent, the Lenders and the other Secured Parties, (b) shall not alter, modify, amend or in
any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Loan Agreement or any other
Loan Document. Nothing contained in this Amendment Number 6 shall constitute or be deemed to constitute a course of dealing or
other basis for altering any rights or obligations of Lender under the Loan Documents, or any obligations of the Borrowers or
any other party under the Loan Documents (in each instance, except as expressly set forth herein), (c) the Administrative Agent,
the Lenders and the other Secured Parties have not and are not waiving their rights against any Person (including the Borrowers),
including as a result of any Default or Event of Defaults that exists (notwithstanding the Borrowers’ representation that
no Default or Event of Default exists) and (d) the Administrative Agent, the Lenders and the other Secured Parties have not and
are not waiving their rights and remedies against any Person (including the Borrowers) as a result of any Default or Event of
Default or as a result of any other breach of any Loan Documents or otherwise, including as a result of any past, present or future
event or circumstance.

 

[SIGNATURES
FOLLOW]

 

    6

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment Number 6 to be executed by their respective officers thereunto
duly authorized, as of the date first above written.

 

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

 

[SIGNATURES
CONTINUE ON NEXT PAGE]

 

     

     

    

 

	 	Borrowers,
    cont.:
	 	 
	 	HOF
    VILLAGE LAND, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	/s/
	 	 	Name:
     Michael Crawford
	 	 	Title:
     Chief Executive Officer
	 	 	 
	 	HOF
    VILLAGE HOTEL I, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	/s/
	 	 	Name:
     Michael Crawford
	 	 	Title:
     Chief Executive Officer
	 	 	 
	 	HOF
    VILLAGE SPORTS BUSINESS, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	/s/
	 	 	Name:
     Michael Crawford
	 	 	Title:
     Chief Executive Officer
	 	 	 
	 	HOF
    VILLAGE PARKING MANAGEMENT I, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	/s/
	 	 	Name:
     Michael Crawford
	 	 	Title:
     Chief Executive Officer

 

[SIGNATURES
CONTINUE ON NEXT PAGE]

 

     

     

    

 

	 	Borrowers,
    cont.: 
	 	 
	 	HOF
    VILLAGE RESIDENCES I, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	/s/
	 	 	Name:
     Michael Crawford
	 	 	Title:
     Chief Executive Officer
	 	 	 
	 	HOF
    VILLAGE CENTER FOR EXCELLENCE, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	/s/
	 	 	Name:
     Michael Crawford
	 	 	Title:
     Chief Executive Officer
	 	 	 
	 	HOF
    VILLAGE CENTER FOR PERFORMANCE, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	/s/
	 	 	Name:
     Michael Crawford
	 	 	Title:
     Chief Executive Officer
	 	 	 
	 	HOF
    EXPERIENCE, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	/s/
	 	 	Name:
     Michael Crawford
	 	 	Title:
     Chief Executive Officer

  

[SIGNATURES
CONTINUE ON NEXT PAGE]

 

     

     

    

 

	 	Borrowers,
    cont.: 
	 	 
	 	HOF
    VILLAGE MEDIA GROUP, LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:	/s/
	 	 	Name:
     Michael Crawford
	 	 	Title:
     Chief Executive Officer

 

[SIGNATURES
CONTINUE ON NEXT PAGE]

 

     

     

    

 

	 	Administrative
    Agent
	 	 
	 	GACP
    FINANCE CO., LLC,
	 	as
    Administrative Agent
	 	 
	 	By:	/s/
	 	 	Name:
     Robert A. Louzan
	 	 	Title:
     Authorized Signatory
	 	 	 
	 	Lenders
    (and by their signatures below, the Lenders direct the Administrative Agent to execute this Amendment Number 6):
	 	 	 
	 	GACP
    II, L.P.
	 	 	 
	 	By:	/s/
	 	 	Name:
     Robert A. Louzan
	 	 	Title:
     Authorized Signatory
	 	 	 
	 	IRG,
    LLC,
	 	a
    Nevada limited liability company
	 	 
	 	By:	S.L.
    Properties, Inc.,
	 	 	a
    Delaware corporation
	 	 	its
    Manager
	 	 	 
	 		By:
    	/s/
	 	 	 	Name:
     Stuart Lichter
	 	 	 	Title:
     President

  

[SIGNATURES
CONTINUE ON NEXT PAGE]

 

     

     

    

 

	 	Lenders,
    cont. (and by their signatures below, the Lenders direct the Administrative Agent to execute this Amendment Number:
	 	 
	 	DEMOMODE
    MARKETING, LLC,
	 	a
    New York limited liability company
	 	 
	 	By:	/s/
	 	Name:	 
	 	Title:

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