---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-004190"
form_type: "8-K"
ticker: "KITL"
cik: "0001608092"
company_name: "Kisses From Italy Inc."
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T22:47:08.989200+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Kisses from Italy issues $110K promissory note to Firstfire Global; receives $100K net

## Summary
- Issued $110,000 promissory note with 10% interest, due June 5, 2024; net proceeds $100,000 after $10,000 OID.
- Note convertible at $0.01/share; warrant to purchase 1,000,000 shares at $0.10/share exercisable for 5 years.
- Issued 500,000 commitment shares as additional consideration; sale exempt under Section 4(2) and Regulation D.
- Upon default, interest increases to lesser of 18% or maximum allowed by law; prepayment permitted without penalty.

## SEC filing metadata
- accession: 0001683168-23-004190
- form_type: 8-K
- ticker: KITL
- cik: 0001608092
- company_name: Kisses From Italy Inc.
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/0001683168-23-004190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/kisses_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-004190
- JSON: https://secwatch.observer/filing/0001683168-23-004190.json
- Plain text: https://secwatch.observer/filing/0001683168-23-004190.txt

## Key facts
- Debt Financings
  Kisses From Italy Inc. incurred loan of $110,000.00 with Firstfire Global Opportunity Fund, LLC at 10% per annum maturing June 5, 2024.
  - Instrument: loan
  - Principal: $110,000.00
  - Counterparty: Firstfire Global Opportunity Fund, LLC
  - Rate: 10% per annum
  - Maturity: June 5, 2024
  - Event: incurrence
  source text: Global Opportunity Fund, LLC, a Delaware limited liability company (“Lender”), pursuant to which the Company issued to the Lender a promissory note in the principal amount of $110,000.00 (the “Note”). The Company received $100,000 gross proceeds from Lender due to the original issue discount on the Note. In connection with the execution and delivery of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/0001683168-23-004190-index.htm
- Material Agreements
  Kisses From Italy Inc. entered into Securities Purchase Agreement with Firstfire Global Opportunity Fund, LLC valued at $110,000.00 (effective 2023-06-06).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Firstfire Global Opportunity Fund, LLC
  - Value: $110,000.00
  - Effective: 2023-06-06
  source text: On June 6, 2023, but effective on June 12, 2023, Kisses from Italy, Inc., a Florida corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Firstfire Global Opportunity Fund, LLC, a Delaware limited liability company (“Lender”), pursuant to which the Company issued to the Lender a promissory note in the principal amount of $110,000.00 (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/0001683168-23-004190-index.htm
- Material Agreements
  Kisses From Italy Inc. entered into Note with Firstfire Global Opportunity Fund, LLC valued at $110,000.00 (effective 2023-06-06).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Firstfire Global Opportunity Fund, LLC
  - Value: $110,000.00
  - Effective: 2023-06-06
  source text: pursuant to which the Company issued to the Lender a promissory note in the principal amount of $110,000.00 (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/0001683168-23-004190-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.