GPAQ Gordon Pointe Acquisition Corporation

Amendment of Michael Crawford’s Employment Agreement

On April 14, 2023, Michael Crawford, President and Chief Executive Officer of Hall of Fame Resort & Entertainment Company (the “Company”), voluntarily determined to reduce his base salary by $50,000 for each of fiscal years 2023-2026. Mr. Crawford decided to take the salary reduction as part of a focus on lowering Company costs. The salary reduction will not modify any Company employee benefits or other rights provided to Mr. Crawford under his employment agreement that are determined by reference to his base salary. Such provisions will continue to be applied based on the base salary rate in effect prior to the reduction. The voluntary salary reduction is set forth in an amendment to Mr. Crawford’s employment agreement, effective May 1, 2023 (the “Amendment”).

The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

Non-Renewal of Michael Levy Employment Agreement

On April 17, 2023, the Company and Michael Levy, President of Operations, mutually agreed that Mr. Levy’s employment agreement with HOF Village Newco, LLC (“HOFV Newco”), a subsidiary of the Company, dated June 22, 2020 and amended December 20, 2022, would not be renewed. Mr. Levy’s separation will be effective May 5, 2023 (the “Separation Date”). Michael Crawford, President and Chief Executive Officer of the Company, will assume Mr. Levy’s responsibilities on the Separation Date. In connection with Mr. Levy’s separation, HOFV Newco entered into a Severance Agreement with Mr. Levy, dated April 19, 2023 (the “Levy Severance Agreement”). Under the Levy Severance Agreement: (i) the Company will pay Mr. Levy an amount equal to his current annual base salary for twenty-six weeks following the Separation Date; (ii) the Company will pay Mr. Levy the value of any paid time off accrued and unused through the Separation Date; (iii) the Company will pay Mr. Levy the second and final installment of his bonus award for 2022 in the amount of $32,500, in conformity with the Company’s normal payout procedures; and (iv) the Company will accelerate vesting to the Separation Date of 9,346 unvested restricted stock units (“Levy RSUs”) granted to Mr. Levy under the Hall of Fame Resort & Entertainment Company Amended 2020 Omnibus Incentive Plan. The Levy Severance Agreement additionally includes a customary general release of claims by Mr. Levy in favor of the Company and certain related persons and parties.

The foregoing description of the Levy Severance Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Levy Severance Agreement, which is attached as Exhibit 10.2 to this Current Report on Form 8-K, and is incorporated herein by reference.