SEC Contract Filing

Filing Date: 2021-02-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ea135022ex10-2_emmauslife.htm
<DESCRIPTION>GUARANTY DATED DECEMBER 9, 2020 BY EMMAUS LIFE SCIENCES, INC. IN FAVOR OR PRESTIGE CAPITAL, INC
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>GUARANTY</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: right">DATE: December 9, 2020</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: left; text-indent: 0in">Prestige Capital Finance,
LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">400 Kelby Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">10th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Fort Lee, New Jersey
07024</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">To induce Prestige Capital
Finance, LLC (&ldquo;Prestige&rdquo;) to make advances or other financial accommodations to <B>Emmaus Medical, Inc. </B>(&ldquo;Client&rdquo;),
now or in the future, and with full knowledge that said advances or other financial accommodations would not be made without this
Guaranty, the undersigned (sometimes &ldquo;Guarantor&rdquo;) agrees as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">The undersigned guarantees
full, prompt and unconditional payment when due of each and every Liability of the Client to Prestige, now existing or hereafter
incurred, whether direct or indirect, contingent or absolute, joint or several, matured or unmatured and the full, prompt, and
unconditional performance of every term and condition of any transaction to be kept and performed by the Client. This Guaranty
is a primary obligation of the undersigned and shall be a continuing inexhaustible Guaranty without limitation as to the amount
or duration and may not be revoked except by notice in writing to Prestige and received by Prestige at least ninety (90) days prior
to the date set for such revocation. No such notice shall affect the liability under this Guaranty for any such loan or advance
or other financial accommodations to the Client occurring prior to the date set for revocation whether made after notice or revocation
or not.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">The term &ldquo;Liability
of the Client&rdquo; shall include all liabilities, direct or indirect, absolute or contingent, joint or several, now or hereafter
existing, due or to become due to, or held or to be held by Prestige for its own account or as agent for others, whether created
directly or acquired by assignment or otherwise. In the event that Client is a partnership, the term &ldquo;Liability of the Client&rdquo;
as used herein shall include all liabilities of any successor partnership or partnerships of the Client, direct or contingent,
joint or several, now or hereafter existing, due or to become due to, or held or to be held by, Prestige, whether created directly
or acquired by assignment or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">Without incurring responsibility
to the undersigned and without impairing or releasing the obligations of the undersigned hereunder, Prestige may at any time and
from time to time (whether or not after revocation or termination of this Guaranty) without the consent of, or notice to the undersigned,
upon any terms or conditions and in whole or in part:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">1. change the manner,
place or terms of payment, and/or change or extend the time for payment or renew or alter, any Liability of the Client or any security
therefor, and the Guaranty herein made shall apply to the Liability of the Client as so changed, extended, renewed or altered;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">2. sell, exchange, release,
surrender, realize upon or otherwise deal with in any manner and in any order any property by whomsoever at any time pledged, mortgaged
or in which a security interest is given to secure, or howsoever securing, the Liability of the Client, as permitted by the documents
between the Client and Prestige or by applicable law;</P>

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

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