SEC Contract Filing

Filing Date: 2018-06-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>live_8k-ex1002.htm
<DESCRIPTION>LIMITED GUARANTY
<TEXT>
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 <TITLE></TITLE>
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<P STYLE="margin: 0">Exhibit 10.2</P>

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

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center">LIMITED
GUARANTY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This <B>LIMITED GUARANTY</B>
(this &ldquo;<U>Guaranty</U>&rdquo;), dated as of June 7, 2018, is made by <FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>Live
Ventures Incorporated</B></FONT>, a Nevada corporation (the &ldquo;<U>Guarantor</U>&rdquo;), in favor of <B>COMVEST CAPITAL IV,
L.P.</B>, a Delaware limited partnership, as agent for the Lender Group (as defined below) (in such capacity, together with its
successors and assigns, if any, in such capacity, &ldquo;<U>Agent</U>&rdquo;).</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>,
reference is made to that certain Amended and Restated Credit Agreement, dated as of the date hereof (as amended, restated, supplemented
or otherwise modified from time to time, the &ldquo;<U>Credit Agreement</U>&rdquo;), entered into by and among <B>VINTAGE STOCK,
INC.</B>, a Missouri corporation (the &ldquo;<U>Borrower</U>&rdquo;), <B>VINTAGE STOCK AFFILIATED HOLDINGS LLC</B>, a Nevada limited
liability company and sole equity holder of the Borrower (the &ldquo;<U>Parent</U>&rdquo;), the lenders from time to time party
thereto and Agent. Capitalized terms used but not defined herein have the meanings assigned to such terms in the Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>,
the Lenders have agreed to make certain loans to the Borrower pursuant to the Credit Agreement and, in connection therewith, have
required that Guarantor execute and deliver this Guaranty.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>,
Guarantor has determined that valuable benefits will be derived by it as a result of the consummation of the transactions contemplated
under the Credit Agreement and has further determined that the benefits accruing to it from the consummation of the transactions
contemplated under the Credit Agreement exceed its anticipated liability under this Guaranty.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">D. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>NOW,
THEREFORE, </B>in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Guarantor hereby agrees as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 73.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 73.8pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
induce the Agent and the Lenders to enter into the transactions contemplated under the Credit Agreement with the Borrower upon
the terms and subject to the conditions in the Credit Agreement, Guarantor hereby agrees (subject to the limitations set forth
in <U>clause (b)</U> below), to be unconditionally liable during the Guaranty Period (as defined below) in the amount of (collectively,
the &ldquo;<U>Guaranteed Obligations</U>&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: 37.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: 37.8pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
payment of any and all Obligations under the Credit Agreement (including amounts that would become due but for the operation of
the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. &sect;&nbsp;362(a)) and all losses, liabilities, injuries,
damages, costs and expenses of any and every kind whatsoever (&ldquo;<U>Losses</U>&rdquo;), including court costs and reasonable
fees and expenses of external counsel, incurred at any time or from time to time by the Agent, the Lenders or any other Secu