# EDGAR Filing Document

**Accession Number:** 0001608092
**File Stem:** 0001683168-23-001895
**Filing Date:** 2023-3
**Character Count:** 8938
**Document Hash:** 3b30ea245abbef1ac6e783b4f320f123
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-23-001895.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001683168-23-001895

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230327

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kisses From Italy Inc.
- **CENTRAL INDEX KEY:** 0001608092
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING & DRINKING PLACES [5810]
- **IRS NUMBER:** 462388377
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-55967
- **FILM NUMBER:** 23775441

**BUSINESS ADDRESS:**
- **STREET 1:** 80 SW 8TH STREET
- **STREET 2:** SUITE 2000
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33130
- **BUSINESS PHONE:** (305) 423-7024

**MAIL ADDRESS:**
- **STREET 1:** 80 SW 8TH STREET
- **STREET 2:** SUITE 2000
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Kisses From Italy, Inc.
- **DATE OF NAME CHANGE:** 20140514

?xml version="1.0" encoding="utf-8"?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **<u>March 27, 2023</u>**

**<u>KISSES FROM ITALY INC.</u>**

(Exact name of registrant as specified in charter)

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| | | |
|:---|:---|:---|
| **Florida** | **000-55967** | **46-2388377** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

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| | |
|:---|:---|
| **80 SW 8th Street** **, Suite 2000**<br> **Miami** **, FL** | **33130** |
| (Address of principal executive offices) | (Zip Code) |

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Registrant's telephone number, including area code: <u>**(305)** **423-7129**</u>

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| |
|:---|
| **N/A** |
| (Former name or former address, if changed since last report) |

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| **None** | **N/A** | **N/A** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Section 1 - Registrant's Business and Operations**

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| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Agreement.** |

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On March 27, 2023, Kisses From Italy Inc., a Florida corporation (the "Company"), entered into Amendment #1 (the "Amendment") to the Standby Equity Commitment Agreement, dated November 22, 2021 (the "Agreement"), with MacRab LLC, a Florida limited liability company (the "Investor"). As described below, the Amendment reduced the minimum purchase price pursuant to which the Company can require the Investor to purchase its shares.

Pursuant to the terms of the Agreement, the Company has the right to sell to the Investor up to $7,500,000 in shares of its common stock, subject to certain limitations, over a 24-month period ending on November 22, 2023. The price per share of Common Stock shall be ninety percent (90%) of the average of the volume weighted average price of the common stock for six trading days following the clearing date associated with the put notice delivered by the Company to the Investor. The minimum amount of each put shall be $10,000 and the maximum shall be the lower of 200% of the average daily trading volume and $250,000.

The Amendment amends the minimum price per share in the Agreement from $0.10 per share to $0.001. Accordingly, in order for any of the Company's sale of common stock to the Investor to occur, the closing price of the Company's common stock during each of the six trading days immediately preceding the respective "put date" must not be lower than $0.001 per share.

At the time the Agreement was executed and delivered by the parties, the Company issued to the Investor a five-year warrant to purchase 750,000 shares of common stock with standard anti-dilution provisions and cashless exercise.

Seventy-five million shares to be issued to the Investor pursuant to the terms of the Agreement, as amended by the Amendment, are registered pursuant to the Registration Statement declared effective by the Securities and Exchange Commission on September 9, 2022 (registration number 333-262277).

The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, which is attached hereto as Exhibit 10.15 and is incorporated herein in its entirety by reference. The Agreement was filed as Exhibit 10.2 to the Current Report on Form 8-K, filed by the Company with the Securities Exchange Commission on November 30, 2021.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits** |

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(d) Exhibits

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| | |
|:---|:---|
| Exhibits<br> Number | Description |
| 10.15 | [Amendment #1, dated March 27, 2003, to the Standby Equity Commitment Agreement, dated November 22, 2021, between Kisses from Italy Inc. and MacRab LLC.](kisses_ex1015.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: March 29, 2023 | **KISSES FROM ITALY INC.** | **KISSES FROM ITALY INC.** |
|  | By: | /s/ Claudio Ferri |
|  | Name: | Claudio Ferri |
|  | Title: | Chief Executive Officer |

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## Exhibit 10.15

Exhibit 10.15

**AMENDMENT #1 TO THE STANDBY EQUITY COMMITMENT AGREEMENT ENTERED INTO ON NOVEMBER 22, 2021**

THIS AMENDMENT #1 (the "Amendment") to the SECA (as defined below) is made effective as of March 27, 2023 (the "Effective Date"), by and between Kisses From Italy Inc., a Florida corporation (the "Company"), and MacRab LLC, a Florida limited liability company (the "Holder") (collectively the "Parties").

**BACKGROUND**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Company and Holder are the parties to that certain standby equity commitment agreement (the "SECA") originally entered into by the Company and Holder on November 22, 2021.

NOW THEREFORE, in consideration of the execution and delivery of the Amendment and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The reference to "$0.10" in Section 7.2(o) of the SECA shall be changed to "$0.001".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Section 10.1 of the SECA shall apply to this Amendment.

3. This
Amendment shall be deemed part of, but shall take precedence over and supersede any provisions to the contrary contained in the SECA.
Except as specifically modified hereby, all of the provisions of the SECA, which are not in conflict with the terms of this Amendment,
shall remain in full force and effect.

*[Signature page to follow]*

 

IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as of the date first above written.

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| | |
|:---|:---|
| **KISSES FROM ITALY INC.**<br>By: _<u>/s/ Claudi Ferri</u><br> Name: Claudio Ferri<br> Title: Co-Chief Executive Officer<br>| **MACRAB LLC** <br>By: <u>/s/ Mackey McFarlane</u><br> Name: Mackey McFarlane<br> Title: Member<br>|

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