SEC Contract Filing

Filing Date: 2024-03-25

Document Content:
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<TYPE>EX-10.105
<SEQUENCE>13
<FILENAME>ea020103201ex10-105_hallof.htm
<DESCRIPTION>MODIFICATION AGREEMENT, DATED OCTOBER 6, 2023, BETWEEN HALL OF FAME RESORT & ENTERTAINMENT COMPANY, HOF VILLAGE NEWCO, LLC, HOF VILLAGE YOUTH FIELDS, LLC, AS BORROWERS AND JKP FINANCIAL, LLC, AS LENDER
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.105</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>MODIFICATION AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS MODIFICATION AGREEMENT
(this &ldquo;<U>Agreement</U>&rdquo;) is entered into as of October 6, 2023, by and among Hall of Fame Resort &amp; Entertainment Company,
a Delaware corporation (&ldquo;<U>HOFREC</U>&rdquo;), HOF&nbsp;Village Newco, LLC, a Delaware limited liability company (&ldquo;<U>HOFV&nbsp;Newco</U>&rdquo;),
and HOF&nbsp;Village Youth Fields, LLC, a Delaware limited liability company (&ldquo;<U>HOFV&nbsp;Youth Fields</U>&rdquo;; HOFREC, HOFV&nbsp;Newco,
and HOFV&nbsp;Youth Fields, are referred to herein, individually or collectively as the context may require, as &ldquo;<U>Borrower</U>&rdquo;)
and JKP&nbsp;Financial, LLC, a Delaware limited liability company (together with its successors and assigns, &ldquo;<U>Lender</U>&rdquo;).
Borrower and Lender are sometimes hereinafter collectively referred to as the &ldquo;<U>Parties</U>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B><U>RECITALS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following recitals constitute a material part
of this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A. The
following Notes and instruments were entered into by the Parties effective November 7, 2022:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42.55pt; text-indent: 36.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42.55pt; text-indent: 36.45pt">i. That
certain Joinder and Second Amended and Restated Secured Cognovit Promissory Note, dated effective as of the November 7, 2022, in the original
principal amount of $4,273,543.46, from Borrower to Lender (the &ldquo;<U>Split Note</U>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42.55pt; text-indent: 36.45pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42.55pt; text-indent: 36.45pt">ii. That
certain Secured Cognovit Promissory Note, dated effective as of the November 7, 2022, in the original principal amount of $9,097,203.95,
from Borrower to Lender (the &ldquo;<U>Hotel Note</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: 0in">(i-ii, collectively,
the &ldquo;<U>Financing Agreements</U>&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">B. The
Parties desire to modify the Financing Agreements as set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">NOW, THEREFORE, in consideration of the mutual
covenants and agreements set forth in this Agreement, Lender and Borrower agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1. <U>Recitals</U>.
The Recitals set forth above are true and accurate, are a material part of this Agreement, and are hereby incorporated by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2. <U>Interest
Payment</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">(a) The
Split Note corresponding to item (i) in the definition of Financing Agreements shall have <U>Section 3(c)</U> of such note deleted in
its entirety and replaced with the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&ldquo;Of the interest
payable pursuant to this Note, no interest shall be payable under this Note for the period beginning on July 1, 2023 until t