Item 1.01 Entry into a Material Agreement.

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.

Item 9.01. Financial Statements and Exhibits






(d) Exhibits



Exhibits
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.

104        Cover Page Interactive Data File (embedded within the Inline XBRL
           document).










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