---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-006110"
form_type: "8-K"
ticker: "KITL"
cik: "0001608092"
company_name: "Kisses From Italy Inc."
filed_at: "2023-08-28T23:59:59+00:00"
generated_at: "2026-06-11T02:52:56.163877+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Kisses from Italy issues $115K 10% promissory note to Coventry Enterprises with equity kickers

## Summary
- Issued $115,000 10% promissory note to Coventry Enterprises; net proceeds $105,000 after $10,000 original issue discount.
- Issued 500,000 commitment shares, warrant for 862,500 shares at $0.10 exercise price, and 1,500,000 returnable shares.
- Note converts at $0.01 per share; default triggers 24% interest and conversion price drops to $0.005.
- Note matures August 22, 2024; interest payable in common stock.
- Securities issued in unregistered transaction under Section 4(2) and Regulation D.

## SEC filing metadata
- accession: 0001683168-23-006110
- form_type: 8-K
- ticker: KITL
- cik: 0001608092
- company_name: Kisses From Italy Inc.
- filed_at: 2023-08-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1608092/000168316823006110/0001683168-23-006110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1608092/000168316823006110/kisses_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-006110
- JSON: https://secwatch.observer/filing/0001683168-23-006110.json
- Plain text: https://secwatch.observer/filing/0001683168-23-006110.txt

## Key facts
- Debt Financings
  Kisses From Italy Inc. incurred loan of $115,000.00 with Coventry Enterprises, LLC at 10% per annum maturing August 22, 2024.
  - Instrument: loan
  - Principal: $115,000.00
  - Counterparty: Coventry Enterprises, LLC
  - Rate: 10% per annum
  - Maturity: August 22, 2024
  - Event: incurrence
  source text: On August 22, 2023 (the “Issue Date”), Kisses from Italy, Inc., a Florida corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Coventry Enterprises, LLC, (the “Buyer”), pursuant to which the Company issued to the Buyer a 10% promissory note in the principal amount of $115,000.00 (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1608092/000168316823006110/0001683168-23-006110-index.htm
- Material Agreements
  Kisses From Italy Inc. entered into Securities Purchase Agreement with Coventry Enterprises, LLC valued at $115,000.00 (effective 2023-08-22).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Coventry Enterprises, LLC
  - Value: $115,000.00
  - Effective: 2023-08-22
  source text: On August 22, 2023 (the “Issue Date”), Kisses from Italy, Inc., a Florida corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Coventry Enterprises, LLC, (the “Buyer”), pursuant to which the Company issued to the Buyer a 10% promissory note in the principal amount of $115,000.00 (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1608092/000168316823006110/0001683168-23-006110-index.htm

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