SEC Contract Filing

Filing Date: 2023-08-03

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea182771ex10-1_partsidinc.htm
<DESCRIPTION>FIRST AMENDMENT TO SECURITIES PURCHASE AGREEMENT, DATED AS OF AUGUST 2, 2023, BY AND BETWEEN PARTS ID, INC. AND LIND GLOBAL FUND II LP
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FIRST AMENDMENT TO SECURITIES PURCHASE AGREEMENT</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">This First Amendment (this
&ldquo;<B>Amendment</B>&rdquo;) to that certain Securities Purchase Agreement, dated as of July 14, 2023 (as amended and in effect from
time to time, including by this Amendment, the &ldquo;<B>Purchase Agreement</B>&rdquo;), by and between PARTS iD, Inc., a Delaware corporation
(the &ldquo;<B>Company</B>&rdquo;) and Lind Global Fund II LP, a Delaware limited partnership (the <B>&ldquo;Investor&rdquo;</B>), is
made and entered into as of August 2, 2023, by and between the Company and the Investor. Capitalized terms used but not defined herein
shall have the meanings given to them in the Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the parties
desire to amend the Purchase Agreement as set forth herein; and</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: left; text-indent: 0.5in"><B>WHEREAS</B>, pursuant to
Section 11.9 of the Purchase Agreement, each of the Company and the Investor may amend the Purchase Agreement in a written instrument
signed by the Company and the Investor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><B>NOW THEREFORE</B>, in consideration
of the premises and covenants set forth herein and in the Purchase Agreement and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree, pursuant to Section 11.9 of the Purchase Agreement, to
amend the Purchase Agreement 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: left; text-indent: 40.5pt">1. <U>Definition
of &ldquo;First Funding Amount&rdquo;</U>. The definition of &ldquo;First Funding Amount&rdquo; is hereby restated to read as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in 0pt 1in; text-align: justify">&ldquo;<B>First Funding Amount</B>&rdquo;
means an amount equal to Four Million Seven Hundred Fifty Thousand Dollars ($4,750,000), payable as (a) Three Million Seven Hundred Fifty
Thousand Dollars ($3,750,000), less the Commitment Fee, at the Closing, (b) Five Hundred Thousand Dollars ($500,000), less a commitment
fee equal to $15,000, as of the execution date of the First Amendment to this Agreement, dated August 2, 2023, and (c) Five Hundred Thousand
Dollars ($500,000), less a commitment fee equal to $15,000, within five (5) Business Days following the later of (i) the Company providing
written confirmation to the Investor that the Registration Statement has been declared effective by the SEC and (ii) the receipt of Stockholder
Approval, in each case, the Company shall also confirm to the Investor that there is no Event of Default that has occurred or will occur
as a result of such additional funding.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left; text-indent: 0.25in">2. <U>Amendment
to Section 7.1 of the Purchase Agreement</U>. Section 7.1 of the Purchase Agreement is hereby amended to add a new subsection 7.1(d) as
follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in 0pt 1in; text-align: justify">(d) a
failure by the Company to have filed a preliminary proxy statement with the SEC on or before August 10, 2023 for the purpose of obtaining
Stockholder Approval.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 40.5pt">3. <U>Conditions
to Effectiveness</U>. This Amendment shall be effective as of the date first written above upon the receipt by the Investor of this Amendment,
duly executed and delivered by the Investor and the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 40.5pt">4. <U>Continued
Validity of Purchase Agreement</U>. Except as specifically amended hereby, the Purchase Agreement shall remain in full force and effect
and all of the rights and obligations of each of the Investor and the Company under the Purchase Ag