David Marsh

Jack Vander Aarde

Michael Diana

- Hall of Fame Resort & Entertainment Company (HOFV) entered into an **Eleventh Amendment to its Note and Security Agreement**, increasing the **Facility Amount from $17,000,000 to $20,000,000** and extending the **Maturity Date to October 17, 2025**.  **[1708176_0001140361-25-036988_ef20056539_ex10-1.htm:0]** **[1708176_0001140361-25-036988_ef20056539_8k.htm:1]** 
- The termination date for the **Take Private Transaction Merger Agreement** was also extended to **October 17, 2025**, with the Parent agreeing to forbear from exercising its rights and remedies until that date, unless there is an earlier default by HOFV.  **[1708176_0001140361-25-036988_ef20056539_ex99-1.htm:0]** **[1708176_0001140361-25-036988_ef20056539_8k.htm:3]** 
- If the Take Private Transaction is not consummated by October 17, 2025, HOFV is obligated to facilitate the transfer of collateral to the Lender, with foreclosure proceedings to be initiated on **October 20, 2025**, or a later stipulated date, and the company's Board has authorized management to cooperate with this process.  **[1708176_0001140361-25-036988_ef20056539_8k.htm:1]** **[1708176_0001140361-25-036988_ef20056539_ex10-1.htm:2]** 
- The company explicitly stated that its inability to obtain consent from holders of its **8% Convertible Notes due 2025** could have a **material adverse effect on its liquidity and financial condition**, potentially rendering it **insolvent and unable to continue as a going concern**.  **[1708176_0001140361-25-036988_ef20056539_8k.htm:3]**

Hall of Fame Resort & Entertainment Co Amends Debt Agreement and Extends Merger Termination Date

- Hall of Fame Resort & Entertainment Company (HOFV) entered into a **Tenth Amendment to its Note and Security Agreement** on **September 16, 2025**, increasing the **"Facility Amount" from $15,000,000 to $17,000,000**, providing an additional **$2,000,000** for general corporate purposes.  **[1708176_0001140361-25-035156_ef20055661_8k.htm:1]** 
- The **Maturity Date** for the debt instruments was updated to the earliest of **September 30, 2025**, the closing of the Take Private Transaction, the Termination Date, or an Event of Default.  **[1708176_0001140361-25-035156_ef20055661_ex10-1.htm:1]**  Concurrently, the termination date of the Merger Agreement was extended from **September 17, 2025, to September 30, 2025**.  **[1708176_0001140361-25-035156_ef20055661_ex99-1.htm:0]** **[1708176_0001140361-25-035156_ef20055661_8k.htm:4]** 
- The company's Board of Directors authorized management to prepare agreements for the **transfer of collateral to lenders** upon an event of default under the debt instruments, potentially through a deed in lieu of foreclosure.  **[1708176_0001140361-25-035156_ef20055661_ex10-1.htm:0]** **[1708176_0001140361-25-035156_ef20055661_8k.htm:1]** **[1708176_0001140361-25-035156_ef20055661_ex10-1.htm:2]** 
- A special meeting of stockholders on **September 16, 2025**, was **adjourned until September 24, 2025**, to solicit additional proxies for the Merger Proposal.  **[1708176_0001140361-25-035156_ef20055661_8k.htm:3]** 
- HOFV warned that failure to resolve the asserted default under the Merger Agreement could have a **material adverse effect on liquidity and financial condition**, potentially leading to insolvency and inability to continue as a going concern.  **[1708176_0001140361-25-035156_ef20055661_8k.htm:4]**

Hall of Fame Resort & Entertainment (HOFV)