Document:

Guaranty by LM Funding, LLC, Carollinn Gould and Bruce M. Rodgers

 Exhibit 10.19 

GUARANTY 
 FOR
VALUE RECEIVED, LM FUNDING, LLC, a Florida limited liability company whose address is 302 Knights Run Ave., Suite 1000, Tampa, FL 33602, CAROL LINN GOULD, an individual, whose address is 1109 S. Rome Avenue, Tampa, Florida 33606 and BRUCE M.
RODGERS, an individual, whose address is 1109 S. Rome Avenue, Tampa, Florida 33606”). (each, “Guarantor” and collectively, “Guarantors”), hereby unconditionally jointly and severally guarantee the due and punctual payment of
the $2,000,000.00 Promissory Note (as such amount may be increased thereunder), of which LMF October 2010 Fund, LLC, a Florida limited liability company, is the Maker and David A. Straz, Jr. Revocable Living Trust of 1986 is the Holder (the
“Note”), and all extensions or renewals thereof and all sums payable under or by virtue thereof including, without limitation, all amounts of principal and interest and all expenses (including attorneys’ fees, whether incurred in
trial or appellate proceedings) incurred in the collection thereof, the enforcement of rights thereunder or with respect to any security therefor and the enforcement hereof, and each Guarantor waives presentment, demand, notice of dishonor, protest,
and notice of protest. Guarantors hereby acknowledge and agree that the consideration received by Guarantors is adequate and sufficient for the obligations of Guarantors hereunder, and that Guarantors are deriving a significant benefit from the loan
evidenced by the Note. 
 Each of the undersigned hereby consents and agrees that each Guarantor is bound as Guarantor under the terms of,
and is subject to all provisions set forth in the Note as fully as though Guarantor were a Maker thereof, and to the exercise by the Holder of each and every right therein set forth or permitted by law, all without notice to or consent of and
without effecting the liability of the undersigned. 
 The obligations of each Guarantor hereunder shall be absolute and unconditional,
shall not be subject to any counterclaim, set-off, deduction or defense, and shall remain in full force and effect without regard to, and the obligations of each Guarantor hereunder shall not be released, discharged or terminated or in any other way
affected or impaired by, any circumstance or condition, whether or not such Guarantor shall have notice or knowledge thereof, including, without limitation, (a) any amendment or modification of or addition or supplement to the Note or the
Security Agreement dated the date hereof (“Security Agreement”); (b) any compromise, release, consent, extension, indulgence or other action or inaction in respect of the Note or Security Agreement; (c) any default by Maker or
Guarantors under, or any invalidity or unenforceability of, or any irregularity or any defect in the Note or the Security Agreement; (d) any exercise or nonexercise of any right, remedy, power or privilege under or in respect of this Guaranty,
the Note or the Security Agreement (e) any assignment or transfer of the assets of the Guarantors to, or any consolidation or merger of the Guarantors with or into any other person or corporation; (f) any bankruptcy, insolvency,
reorganization, arrangement, adjustment, composition, liquidation or similar proceeding involving or affecting Maker; (g) any assignment, sale, mortgage, sublease, surrender, forfeiture or other transfer in respect of any or all of the
Collateral under the Security Agreement (as such term is particularly defined in the Security Agreement); (h) the release, regardless of consideration, of the whole or any part of the Collateral; (i) any partial prepayment, assignment or
transfer of the Note; or (j) any limitation of Maker’s liability which may now or hereafter be imposed by any statute, regulation or rule of law, or any invalidity or unenforceability, in whole or in part, of any of the terms of the Note.

 Each Guarantor unconditionally waives any right it may have to (a) all notices which may be
required by statute, rule or law or otherwise to preserve intact any rights of any holder of the Note against Guarantor, including, without limitation, notice to Maker of default, presentment to and demand of payment from Maker and protest for
nonpayment or dishonor, (b) require Holder to proceed against Maker or the Guarantors, (c) require Holder to proceed against the Collateral or other security granted by Maker or Guarantors, or (d) require Holder to pursue any other
remedy within the power of Holder, and each Guarantor agrees that all of its obligations under this Guaranty are independent of the obligations of Maker and that a separate action may be brought against Guarantors whether or not an action is
commenced against Maker. 
 This Guaranty shall inure to the benefit of Holder, Holder’s successors and assigns, and the owners and
holder of the Note. 
 The obligations under this Guaranty shall be construed in accordance with the laws of the State of Florida and shall
bind the heirs, executors, legal representatives, successors and assigns of the undersigned. Venue for any action in connection with this Guaranty shall be the same as provided for in the Note. 

REMAINDER OF THE PAGE LEFT BLANK INTENTIONALLY 

  
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 DATED EFFECTIVE the      day of January, 2015. 

 

									
	Witnesses:						“GUARANTORS”:
				
							LM FUNDING, LLC
	  
				a Florida limited liability company
	Printed Name:		  
						
				
	  
				By:		  

	Printed Name:		  
						Carol Linn Gould, Manager
				
	  
						
	Printed Name:		  
						
							By:		  

	  
						Frank C. Silcox, Manager
	Printed Name:		  
						
				
	  
						
	Printed Name:		  
						
							  

	  
				Carol Linn Gould, Individually
	Printed Name:		  
						
				
	  
						
	Printed Name:		  
				  

							Bruce M. Rodgers, Individually
			
	  
				
	Printed Name:		  
						

  
 3Promissory Note

 Exhibit 10.20 

PROMISSORY NOTE 

			
	$2,000,000.00		January         , 2015

 FOR VALUE RECEIVED, the receipt and sufficiency of which is hereby acknowledged, the undersigned, LMF
OCTOBER 2010 FUND, LLC, a Florida limited liability company (hereinafter “Maker”) promises to pay to the order of DAVID A. STRAZ, JR. REVOCABLE LIVING TRUST OF
1986, (hereinafter “Holder”) the principal sum of TWO MILLION
DOLLARS AND 00/100 ($2,000,000.00), together with interest on the unpaid principal balance from this date at the
rate of fourteen percent (14%) per annum (the “Note”). 
 Interest on this Note shall commence accruing on the date hereof until
payment in full of the principal sum, together with all accrued and unpaid interest and other amounts which may become due hereunder, has been made. Interest shall be computed on the basis of a 365-day year and actual days elapsed and shall be
payable monthly, in arrears, on or before the first (1st) day of each month commencing in March 2015, based upon the outstanding principal balance except that, if any such date is not a Business Day, then such payment shall be due on the next
succeeding Business Day (each, an “Payment Date”). Amounts due under this Note shall be payable by the Maker on each Payment Date in lawful money of the United States of America at the rate of 14% per annum. Principal shall
be repayable on each Payment Date in an amount equal to the face amount on this Note divided by thirty six (36) months (or portion thereof) which equals a monthly principal amortization payment of Fifty Five Thousand Five Hundred Fifty Five Dollars
and 56/100 ($55,555.56) on each Payment Date. The entire unpaid principal balance plus all accrued interest shall be due and payable on the third anniversary of the date hereof (the “Maturity Date”) upon presentment of this
Note. 
 The Maker may prepay the loan in whole or in part at any time without payment of any prepayment penalty. 

This Note is secured by a Security Agreement (the “Security Agreement”) executed simultaneously herewith. The provisions of said
Security Agreement are by this reference made a part hereof. If required, Documentary Tax made payable to the State of Florida in the proper amount has been paid, and Documentary Stamps have been affixed to this Note and have been canceled. 

If there is a default in the payment of any of the sums mentioned herein or in the performance (whether monetary or not) of any of the
agreements contained herein or in the Security Agreement or the Loan Agreement, or in any other agreement or loan document executed in conjunction with the Note, then the entire principal sum, plus all accrued but unpaid interest, shall be at the
option of the Holder hereof at once due and payable without notice, time being of the essence; and said principal sum shall bear interest from the date of default at the highest rate allowable under the laws of the State of Florida. Failure to
exercise this option shall not constitute a waiver of the right to exercise the same in the event of a subsequent default. Each person liable hereon whether Maker or Guarantor, hereby waives presentment, protest, notice of protest and notice of
dishonor and agrees to pay all costs, including reasonable attorneys’ fees, including all appeals, if any, whether suit be brought or not if, after maturity of this Note or default hereunder, counsel shall be employed to collect this Note or to
protect the security of said loan or enforce the provisions of this Note or any agreements referenced herein. 

  
 1 

 Nothing herein contained nor any transaction related hereto shall be construed or so operate as
to require the Maker or any person liable for repayment of the same to pay interest at a greater rate than is lawful in such case to contract for or to make any payment or to do any act contrary to law. Such rate of interest shall never exceed the
maximum legal rate of interest which shall be permitted under the laws of the State of Florida from time to time; and if such rate of interest, computed in the amount hereinabove provided for, shall exceed the said maximum legal rate; then said rate
of interest shall be automatically reduced to such maximum legal rate. Should any interest or other charges paid by the Maker or parties liable for the payment of this Note or any other document delivered in connection with said loan result in the
computation or earning of interest in excess of the maximum legal interest which is legally permitted under the laws of the State of Florida, then any and all such excess shall be and the same is hereby waived by payee and any holder hereof and any
and all such excess shall be void automatically ab initio from the date of this Note and as of the date of the payment credited against and in reduction of the principal of said excess which exceeds the balance due under this indebtedness shall be
paid by the Holder hereof to the Maker and parties liable for the payment of this Note. 
 This Note shall be construed and enforced
according to the laws of the State of Florida, without regard to any conflicts of law. Any case, controversy, or conflict arising from or out of this Note shall be brought solely and exclusively in a court of competent jurisdiction within Tampa,
Hillsborough County, Florida. The Maker agrees to submit itself to personal jurisdiction in the State of Florida and Hillsborough County, Florida. 
  

			
	 WITNESSETH:
  

LMF OCTOBER 2010 FUND, LLC
 a Florida limited liability
company
  
 By: LM
FUNDING, LLC, a Florida limited company, its Manager

		
	By:		 
			Carol Linn Gould, Manager
		
	By:		 
			Frank C. Silcox, Manager

  
 2

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