Item 1.01 Entry into a Material Agreement

On November 29, 2021, Kisses From Italy Inc., a Florida corporation (the "Company"), entered into a Standby Equity Commitment Agreement (the "Purchase Agreement"), dated November 22, 2021, together with a registration rights agreement (the "Registration Rights Agreement") with MacRab LLC, a Florida limited liability company (the "Investor"), pursuant to which the Company has the right to sell to the Investor up to $7,500,000 in shares of its common stock ("Common Stock"), subject to certain limitations. The Investor was also issued a five-year warrant (the "Warrant") to purchase 750,000 shares of Common Stock (the "Warrant Shares") with standard anti-dilution provisions and cashless exercise.

Under the terms and subject to the conditions of the Purchase Agreement, the Investor is obligated to purchase up to $7,500,000 in shares of Common Stock (subject to certain limitations) from time to time over the 24-month period commencing on November 22, 2021. 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 Company's sales of shares of Common Stock to the Investor under the Purchase Agreement are limited to no more than the number of shares that would result in the beneficial ownership by the Investor and its affiliates, at any single point in time, of more than 4.99% of the then outstanding shares of the Common Stock.

The Company agreed with the Investor that it will not enter into any other credit equity line agreements without the prior consent of the Investor.

Pursuant to the terms of the Registration Rights Agreement, the Company shall file a registration statement with the SEC with respect to the shares of Common Stock issuable to the Investor pursuant to the Purchase Agreement and the Warrant Shares within 60 calendar days.

The Purchase Agreement and the Registration Rights Agreement contain customary representations, warranties and agreements of the Company and the Investor and customary conditions to completing future sale transactions, indemnification rights and obligations of the parties.

J.H. Darbie acted as placement agent in connection with the execution and delivery of the agreements with the Investor.

The foregoing descriptions of the Warrant, the Purchase Agreement and the Registration Rights Agreement and the transactions contemplated thereby are qualified in their entirety by reference to the full text of the Warrant, the Purchase Agreement and the Registration Rights Agreement, copies of which are attached hereto as Exhibit 4.1, 10.2 and 10.3, respectively, each of which is incorporated herein in its entirety by reference.




Item 3.02   Unregistered Sale of Equity Securities.

The information contained above in Item 1.01 is hereby incorporated by reference into this Item 3.02.

The issuance and sale of the Warrant by the Company to the Investor under the Purchase Agreement was made without registration under the Securities Act of 1933, as amended (the "Act"), or the securities laws of the applicable state, in reliance on the exemptions provided by Section 4(2) of the Act and Regulation D promulgated thereunder, and in reliance on similar exemptions under applicable state law, based on the offering of such securities to one investor, the lack of any general solicitation or advertising in connection with such issuance, the representations of the Investor to the Company that, among others, it was an accredited investor (as that term is defined in Rule 501(a) of Regulation D), and that it was purchasing the shares for its own account and without a view to distribute them.

Item 7.01 Regulation FD Disclosure.

On November 30, 2021, the Company issued a press release reporting its entry into the Purchase Agreement with the Investor. The text of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.

The information in this Item 7.01 of this Report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any of the Company's filings under the Securities Act, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to this Report in such filing.




Item 9.01   Financial Statements and Exhibits.



Exhibit No.   Description
4.1             Warrant dated as of November 22, 2021, issued by Kisses from Italy Inc. to
              MacRab LLC
10.2            Standby Equity Commitment Agreement, dated as of November 22, 2021,
              between Kisses from Italy Inc. and MacRab LLC
10.3            Registration Rights Agreement, dated as of November 22, 2021, between
              Kisses from Italy Inc. and MacRab LLC
99.1            Press Release issued by Kisses from Italy Inc. dated November 30, 2021
104           Cover Page Interactive Data File (embedded within the Inline XBRL document).








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