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Live Ventures Inc – ‘10-Q’ for 12/31/18 – ‘EX-10.2’

On:  Wednesday, 2/13/19, at 8:02am ET   ·   For:  12/31/18   ·   Accession #:  1683168-19-363   ·   File #:  1-33937

Previous ‘10-Q’:  ‘10-Q’ on 8/14/18 for 6/30/18   ·   Next:  ‘10-Q’ on 5/14/19 for 3/31/19   ·   Latest:  ‘10-Q’ on 5/14/24 for 3/31/24   ·   5 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/13/19  Live Ventures Inc                 10-Q       12/31/18   74:4.6M                                   GlobalOne Filings Inc/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    391K 
 2: EX-10.1     Security Agreement                                  HTML     38K 
 3: EX-10.2     Agreement and Guaranty                              HTML     21K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     25K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     25K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     21K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     21K 
14: R1          Document and Entity Information                     HTML     47K 
15: R2          Condensed Consolidated Balance Sheets (Unaudited)   HTML    118K 
16: R3          Condensed Consolidated Balance Sheets (Unaudited)   HTML     49K 
                (Parenthetical)                                                  
17: R4          Condensed Consolidated Statements of Income         HTML     77K 
                (Unaudited)                                                      
18: R5          Consolidated Statements of Cash Flows (Unaudited)   HTML    122K 
19: R6          1. Background and Basis of Presentation             HTML     28K 
20: R7          2. Summary of Significant Accounting Policies       HTML     59K 
21: R8          3. Comprehensive Income                             HTML     23K 
22: R9          4. Balance Sheet Detail Information                 HTML     48K 
23: R10         5. Acquisitions                                     HTML     51K 
24: R11         6. Intangibles                                      HTML     25K 
25: R12         7. Goodwill                                         HTML     22K 
26: R13         8. Long-Term Debt                                   HTML     87K 
27: R14         9. Notes payable, related parties                   HTML     35K 
28: R15         10. Stockholders' Equity                            HTML     32K 
29: R16         11. Warrants                                        HTML     40K 
30: R17         12. Stock-based Compensation                        HTML     57K 
31: R18         13. Earnings Per Share                              HTML     35K 
32: R19         14. Related Party Transactions                      HTML     31K 
33: R20         15. Commitments and Contingencies                   HTML     24K 
34: R21         16. Income Taxes                                    HTML     25K 
35: R22         17. Segment Reporting                               HTML     45K 
36: R23         18. Subsequent Events                               HTML     22K 
37: R24         2. Summary of Significant Accounting Policies       HTML    131K 
                (Policies)                                                       
38: R25         4. Balance Sheet Detail Information (Tables)        HTML     64K 
39: R26         5. Acquisition (Tables)                             HTML     41K 
40: R27         6. Intangibles (Tables)                             HTML     24K 
41: R28         8. Long-Term Debt (Tables)                          HTML     43K 
42: R29         9. Notes payable, related parties (Tables)          HTML     31K 
43: R30         11. Warrants (Tables)                               HTML     39K 
44: R31         12. Stock-Based Compensation (Tables)               HTML     61K 
45: R32         13. Earnings Per Share (Tables)                     HTML     33K 
46: R33         17. Segment Reporting (Tables)                      HTML     46K 
47: R34         2. Summary of Significant Accounting Policies       HTML     63K 
                (Details Narrative)                                              
48: R35         4. Balance Sheet Detail Information (Details)       HTML    142K 
49: R36         5. Acquisitions (Details - Purchase allocation)     HTML     90K 
50: R37         5. Acquisitions (Details - Pro forma information)   HTML     32K 
51: R38         6. Intangibles (Details)                            HTML     36K 
52: R39         6. Intangibles (Details Narrative)                  HTML     29K 
53: R40         8. Long Term Debt (Details - Long Term Debt)        HTML     84K 
54: R41         8. Long Term Debt (Details - Future Maturities)     HTML     40K 
55: R42         8. Long Term Debt (Details Narrative)               HTML    142K 
56: R43         9. Notes payable, related parties (Details -        HTML     37K 
                Long-term debt, related parties)                                 
57: R44         9. Notes payable, related parties (Details -        HTML     33K 
                Future maturities)                                               
58: R45         9. Notes payable, related parties (Details          HTML     38K 
                Narrative)                                                       
59: R46         10. Stockholders' Equity (Details Narrative)        HTML     54K 
60: R47         11. Warrants (Details - Warrants Outstanding)       HTML     43K 
61: R48         11. Warrants (Details - Exercise price)             HTML     41K 
62: R49         12. Stock-based Compensation (Details - Option      HTML     62K 
                activity)                                                        
63: R50         12. Stock-based Compensation (Details - Option      HTML     80K 
                price)                                                           
64: R51         12. Stock-based Compensation (Details - Non         HTML     39K 
                vested)                                                          
65: R52         12. Stock-based Compensation (Details -             HTML     30K 
                Assumptions)                                                     
66: R53         12. Stock-based Compensation (Details Narrative)    HTML     25K 
67: R54         13. Earnings Per Share (Details - Computation of    HTML     67K 
                loss per share)                                                  
68: R55         13. Earnings (Loss) Per Share (Details Narrative)   HTML     22K 
69: R56         14. Related Party Transactions (Details Narrative)  HTML     24K 
70: R57         16. Income Taxes (Details Narrative)                HTML     30K 
71: R58         17. Segment Reporting (Details)                     HTML     55K 
73: XML         IDEA XML File -- Filing Summary                      XML    128K 
72: EXCEL       IDEA Workbook of Financial Reports                  XLSX     91K 
 8: EX-101.INS  XBRL Instance -- live-20181231                       XML   1.31M 
10: EX-101.CAL  XBRL Calculations -- live-20181231_cal               XML    204K 
11: EX-101.DEF  XBRL Definitions -- live-20181231_def                XML    563K 
12: EX-101.LAB  XBRL Labels -- live-20181231_lab                     XML    966K 
13: EX-101.PRE  XBRL Presentations -- live-20181231_pre              XML    808K 
 9: EX-101.SCH  XBRL Schema -- live-20181231                         XSD    149K 
74: ZIP         XBRL Zipped Folder -- 0001683168-19-000363-xbrl      Zip    138K 


‘EX-10.2’   —   Agreement and Guaranty


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 10.2

 

AGREEMENT AND GUARANTY

 

For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in consideration of ApplianceSmart Holdings LLC, a Nevada limited liability company (“Holdings”), parent of ApplianceSmart Contracting Inc., a Nevada corporation (“Guarantor”), having agreed to the terms of the outstanding amount owed by Holdings to Appliance Recycling Centers of America, Inc., a Nevada corporation (“ARCA”), in connection with the sale of Guarantor from ARCA to Holdings, as documented by that certain Amended and Restated Promissory Note, effective as of April 1, 2018 and amended and restated on December 26, 2018, issued by Holdings in the original principal amount at April 1, 2018 of $3,919,494.46 and $3,821,507.10 at December 26, 2018, for the benefit of ARCA (the “Note”), Guarantor does hereby unconditionally guarantee to ARCA full and prompt payment and performance of all obligations of Holdings to ARCA under the Note. Guarantor also agrees to pay in addition thereto all costs, expenses and reasonable attorney’s fees at any time paid or incurred by ARCA in endeavoring to enforce this Guaranty.

 

Upon any default by Holdings with respect to any of the obligations herein guaranteed, the liability of the Guarantor hereunder shall be deemed to have become immediately due and payable, without demand, presentment, protest or notice of any kind, all of which are hereby waived, and without any suit or action against Holdings or the Guarantor and without further steps to be taken or further conditions to be performed by ARCA. Failure of ARCA to make any demand or otherwise to proceed against the Guarantor in respect to any default by Holdings or the Guarantor, or any delay by ARCA in doing so, shall not constitute a waiver of ARCA right to proceed in respect to any or all other defaults by the Company or the Guarantor.

 

Guarantor further acknowledges and agrees that until such time as the Note has been paid in full, it shall not create, incur, assume, or suffer to exist any indebtedness secured by a material amount of Guarantor’s assets without the prior written consent of ARCA, which consent shall not be unreasonably withheld, conditioned, or delayed.

 

This Guaranty and Agreement shall be governed by and construed in accordance with the laws of the State of Nevada (without reference to the conflicts of law provisions thereof). The invalidity or unenforceability of any provision hereof shall not limit the validity or enforceability of any other provision hereof. This Guaranty and Agreement may not be amended except by an instrument in writing signed by the party to be charged.

 

Executed on this 28th day of December, 2018.

 

APPLIANCESMART CONTRACTING INC.

 

 

By: /s/ Virland A. Johnson

Name: Virland A. Johnson

Title: Chief Financial Officer


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:2/13/198-K
For Period end:12/31/18
12/26/18
4/1/18
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/22/23  Live Ventures Inc.                10-K        9/30/23  126:14M                                    Workiva Inc Wde… FA01/FA
12/16/22  Live Ventures Inc.                10-K        9/30/22  124:21M                                    Donnelley … Solutions/FA
12/28/21  Live Ventures Inc.                10-K        9/30/21  122:21M                                    Donnelley … Solutions/FA
 1/13/21  Live Ventures Inc.                10-K        9/30/20  117:17M                                    ActiveDisclosure/FA
 8/27/20  Live Ventures Inc.                1-A                    6:464K                                   GlobalOne Filings Inc/FA
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Filing Submission 0001683168-19-000363   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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