I mean that sometimes, certain decompressors don't respect folder structure. For now ignore destination drives, folders or whatever; go to the LifePlay_2_19_64bit.7z file and move it into a new empty folder (no matter the name), left click over it, and select "Extract here" if available in the contextual menu. Many of those aplications ask the users about using or not folder structure, if this is the case make sure about mantaining file folder tree.
Now check in the resulting directory if it appears like three folder named "Docs" "Engine" and "Lifeplay" and a bunch of files below, including the "LifePlay.exe". Should run fine.
Again, I didn't recommend using shareware software existing far much better freeware options. Just saying.