SEC Contract Filing

Filing Date: 2018-11-02

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10-2.htm
<DESCRIPTION>GUARANTY COMPENSATION AGREEMENT
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<P STYLE="margin: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="mkgi-8k_102518.htm">Monaker Group, Inc. 8-K</A></FONT></P>

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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>GUARANTY
COMPENSATION AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Guaranty Compensation Agreement (this &ldquo;<B><U>Agreement</U></B>&rdquo;) dated October 31, 2018 and effective November
1, 2018 (the &ldquo;<B><U>Effective Date</U></B>&rdquo;), is by and among <B>Donald P. Monaco</B>, an individual
(&ldquo;<B><U>Monaco</U></B>&rdquo;) and <B>Monaker Group, Inc.</B>, a Nevada corporation
(&ldquo;<B><U>Monaker</U></B>&rdquo;), each a &ldquo;<B><U>Party</U></B>&rdquo; and collectively the
&ldquo;<B><U>Parties.</U></B>&rdquo;</FONT></P>

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I T N E S S E T H</U>:</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
Monaco, as a member of the Board of Directors and as a significant shareholder of Monaker, has previously entered into a personal
guarantee with a financial institution providing a line of credit to the Company, on behalf of and at the request of Monaker (collectively,
the &ldquo;<B><U>Guarantees</U></B>&rdquo;);</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Guarantees were entered into solely for the benefit of Monaker and were, and are still, of substantial benefit to Monaker;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
Monaker desires for Monaco to continue to maintain such Guarantees and provide certain additional guarantees in the future; and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Parties desire to enter into this Agreement to provide Monaco consideration for providing, and continuing to maintain, the
Guarantees, as set forth in greater detail below.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE</B>, in consideration of the premises and the mutual covenants, agreements, and considerations herein contained, and
other consideration, which consideration the Parties hereby acknowledge and confirm the receipt and sufficiency thereof, the Parties
hereto agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Guarantee
Consideration</U>. </B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For as long as Monaco continues to s