Consulting Agreement between Kisses from Italy, Inc. and HTR Holdings, LLC for Investor Relations Services

Summary

Kisses from Italy, Inc. has entered into a 12-month agreement with HTR Holdings, LLC, which will act as an independent consultant to provide investor relations and financial communications services. HTR Holdings will help develop messaging, expand investor awareness, manage shareholder communications, monitor market intelligence, and assist with press releases. The consultant will not be an employee and will be available during business hours to advise the company’s management. The agreement aims to enhance the company’s profile among investors and support its growth initiatives.

EX-10.1 2 kisses_ex1009.htm CONSULTING AGREEMENT

Exhibit 10.9

 

HIR HOLDINGS, LLC INVE STOR R ELATIONS CONSULTING AGREEMENT THIS CONSULTING AGRE E MENT ("Agreement") by and between Kisses from Ita l y, Inc . (OTC : KJTL) (hereinafter referre<I to as Che " Co mpany" or «KffL"), and HTR Hold i ngs, LLC (hereinafter refe,re d co as the "Consultant" or"HIRH ) . EXPLANATORY STATEMENT The Consultant aff ir ms 1 J,at it has successfully demonstrated financial and pub li c relatio n s C<>n s ult ing expertise, and po s sesses valuable knowle d ge, and experience in the areas of business finance an d corporate investor/pub I i c re l at i ons . 'I 'he Company believes tliat the Consult a nt's knowledge, expertise and experience wo u ld b enefit the Company, and t he Company desires to retain the Consu lta nt to perfonn consultingservices for the Company under th is Agreement . . . . ... - Pl'ogram Objectives : 11 te program i s designed to achieve these r esults thr ough numer o us activities as des cri bed below in Sections fl and ill : • Build a core messag i ng platform tha t properly positions KITL's long - t em1 value proposition to inv esrors; • Enhance/create investor focused content (investo r presentation . IR website, foetshc - ct etc . ) ; to focuson the strategic in i t i ativ es tha t the managemcnc team is im p lemen t ing which w ill d rive future growth ; • Expand awareness tofamily offices, he dge funds .. and individual investors to broaden KfrL's long - e t rm shareholder base, and increase in t ere s t from sophisticated,value dr i ven investors to meaningfully expand ow nershipover time ; • Achieve anappropr i ate va l ualion basedon p ee r gro up comparison a nd in - li ne with the financial ratios of compan ie s with similar financial mode l s. NOW, TH £ REFOR £ , in consideration of th eir mutual ag r eemen ts aod covena n L conta i ned h erei n, and for O th er valuable consideration , t he rece i pt and sufficiency of wh ich is hereby acknowledged, and in f u rther conside r a tion of thealuxat i on by the parti es of their respect i ve s i gna tu res below, the parties agree as follows : L CONSULTING SERVICF,S I . I HIRH agrees that for twelve ( 1 2 ) months, commencing o o May l 5 , 2020 , the Consu l tant will reasonably be avai l ab l e du . ring regular busine ss hours to adv i se , co unse l and i nfonn designated officers and employees of the Company about the various i ndustries and businesses in " 1 iich KJTL is engage d, financial markets and exchan ges, competitor .; , business acquisitions and oU,cr aspects of or concerning the Company's bus i nc, ; s about which HlRH has k n ow le dge orexpert i se .

 
 

1 . 2 HIRH shall render services to the Company as an i ndepen d ent c o n tr act or , and n ot as an employee . All serv ic es rendere d by H IRH on behalf of the Company s ha ll be performed to the best of HIRH's ability in concert w i lh the overa ll business pla, 1 of the Company an d th e goals ai 1 d o b ject iv es of the Co mp any's management and Boa rd of Di r ectors . Il . SCOPEOF SF, RVI C i .; S /PROGRAMS/ACTIVJ, : IES : HrRH will develop, i mp lem ent . and maintain anongo i ng stock market . su p portsys t emfo r KITL through a coordinated program of proactive outreach and non - dea l roa d show campaigns to expand awareness a mong all appropriate members of the investm ent comm u n i ty, including stoc kbrokers, analysts, ( m d m i cro - cap p o rtfolio/fund manage r s . The program will be pred ica ted on accw·ate, deliberale and direct di sclosure a nd i nformation flow from th e Com!)l!ny and dissemination to the appr opria te i ovestor aud i ences ; we will expand you r shareholder base bi marketing to tbe buy - s i de d i rec t ly as we ll as by mark eling LO L] 1 c c ll i dc a n d pu rsu i ng r esea r ch cove r age as appro p r i a t e . Key i nformation to be articu lated to the invest i ng public in c l ud es : • A better undersran i dngofrhe core growth opportun iti esand keyd r ivers fo r rhe end - market be i ng addressed - this will be a recast in g an d deve l opment of the i nvestment rh esis; • l'hc extent of th e Company ' s g r owthplans , capita l requireme n ts, and opera ting leverage; • Estab li shingand art i culati n g th e key operating, growth, and valuat i on me tr i cs that investors/ sha reholders s h ould focuson to judge future p crfonnance . Answeri ng t he quest i on, "w hyshou l d ao i nvestor i nvest in KJTL'?" Sha reho lder Communications On a regular basis H I RH will contact known key shareho l ders, research analys t s, and other prospective sources of cap ital markets supp ort and ga th er perception feedback for K ITL executive management on their viewsand expectations of results . val ation . and management's execution re lat ive to expecta i t ons . • . HIRH will open dialogue, expand a nd update a database of known an d potentia l sha r e h oldersand keep key i nvestors informe . d o nce mater i a l developments a r c repo 11 cd . • HLRH will during the first 30 days of t hisa,, . , . ecmcnt u ndertake an analys i s of K ITI . financia l s and a l l ope r ating metrics in d elail and keep u p d ated o n t h ese metr i cs allowing interac t ions witn new and current investors and articula ting the necessary information to assist professionals in comp l et i ns their d u e di li gence . • HJRH sha ll handle investor requests for t imely infom 1 a tion fulfillment via the telephone an d e mail . HJRH wi . 11 have a knowledgeable senior profoss i ona l avai la b l e d ur i n g m arket ho u rs to field and respond to a . II in vestor inquir i es and update the sha r eho lder database accor din g l y . T h is i s a t im e i nt e n s i ve service that a ll ows manageme nt to foc us on execut i ng while showing the Company i s shareholder friendly . ir,d proac i t ve in its communica i ton effo r b . 2

 
 

Ma rk e l In telli gence I P er e T ra cl<lng As pa rt o f our effo rt , HlR H wo u l d tak e responsib ili ty o f moo i iori . og the newswi r es a n d in dus try pub li cat i on s in real - t i m e for any r elevant n ews, events or sto ri es i nvolvingKITL, th e ove ra ll i n d us try o r its peers . Dur i ngo u r fo,t mo n th, we w ill rev i ew and outline with m anagement the key top i cs a n d peers that shou d l be in c luded in in t ellige n cemonitoring cffortS . ln addit i on, d uri n g earnings s e aso n , H f RH w i 11 t ake an ac t ive ro l e reviewing, ana l yzinga n d trac k i n g t h e quarterly re p o rt s of KJTL's rc l eva m pee r s . HIJUi can be counted on tosend ma n agement a summary of p eer earnings releas , es key themes a n d messaging and all supporting ma 1 erials . The Fin anci al Pr ess HT R H wi ll assis t executive managemeot i o drafting and supp , o t ing KJTL i , n fo l i vcr i ng , ; omp M e press relea s es on all materia l events as deemed by U 1 e Co m p any to t he i n ves t ing pu b l i c . Executive Manageme nt and corporate cou 11 s l c , when required by KITL's press release po li cy a nd procedu r es, w ill approve all press re l eases before they are sent to the wire . We have n ego t iated volume di scounts with a to p - t i er w i re service vendor and shall p ai ; s t hr ough those s ig n ificantly discounted pric i ng p l ans on a w id e range of services to KJTL . At Company's dis c retion, H!RH wjjj d i ssem i nate news re l eas e s th rough e - ma i l to our established d atabase o f fuia n cial professionals inc l uding : special i tuatio n analysts, bro k ers, fund managers, individual i nvestors,money rnanage r s, and current or prospective i n div i dual sh a reholders who are already invested or have expresse d an interest i n K ITL . Pu bli c Market fns i gbt P aramo un t to our collecti v e cffortS, HJRH wi l l discuss with exec u tive manageme n t th e im p ortance of es ta blish i ng conservative expec t atio n s and how various co rp orate acl i o n s rnay t>e perce i ved a nd i mpac t the public market . IIIRH has th e c a pa b il i ty to hel p assess acquisition candidates, di . sc uss the finan c ia l i mp a cts, in addition to the l onge r tenn implications . We will ass i st executive management in understandi n g t he life cyc l e of the finan c ial markets and how K ITL i s impacted d i rect l y and indirectly by different variables . The Team al H IRH l everages i ts collective expert i se ga i oed t h r ough rep r esenting ove r 200 pub l ic compa n ies to help oui - clients understand expectations, valuatio n s, perceptions, and i nvestme n t methodo l og i es u t i li zed by inves tm ent profess i onals . We believe tl 1 is co ns u lting aspeet of our b us in ess is ex t remely val u ablefor ma na gement t o optimize key o p portunitiesa n d to avoid p i t falls . ID . LNlTIAL MA RK ETING OUTLOOK & D ETAil .. ED AGENDA HIRH w ill incorpora t e all of the i n i t i at i ves and services out l ined above ao d build a month l y age n da tha t Km management will a p provea n d collective l y wor k off of . In addi t ion, H f RH shall pro vid e progress repo r ts t o senior management whe n app r o p r i ate to evaluate ach i ev , e nents a n d make ch ang - s to th e p la il wh e r e n ecessru . y . P rof es sio nalI n ve s tment Comm unit y Aware n ess 3

 
 

The key focus is w ill be finding t h e proper audience of micro - cap foc u se d, valuedriven investors who can invest in a company with your pr ofi le . Because of this, proa ct i ve ou r reach to we ll - ta rge t ed i nvestors and ana l y sts will be a vitalcomponen t of our program . For mo st micro - cap co mpan ie s , the audience of potential investors is li mited and accessing them can be challenging. Finding the r i ght investor at th e right t im e, a nd making sureyour pilcb" mirrors d i e ur i ique approa c h ofeach i nvestor i s c r itic al to attrac tin g long - term sha reho lders, c t'ea tin g reasonable l i qui di ty and driving shareholder va l ue. HIR . H has one of the most su ccessful track records for i ntr oducing i nves t ors a n d we maintain the strongest network of micro - cap i . nveslors i n the business . We cons i sten tly p u t ou r clie nts in front of in ves torswh o can take actio n imm e diate ly , and no t w h en the client is la rg er or fu 11 bcr along the co rpo rate l i fecycle . We target i nvestorsi n our ne twork for n ewc li enrs using th e following crit e r i a : • A track record of similar in vestme n ts made oradded to i n tl ie past six month s • A h i gh level of pre - qualified in 1 c rc st based on HIRH's phone conversations • And most important: a h i s tory with, and an understanding of , the investor, based ou inte ra c t ions b et ween that inves'tor a n d previous H1RH clien t s. Th is ou tcome of our pmcess is a h ighly targeted list of potentia l i nvestors with a hi gh l i ke li hood of intere st . We then make introductions . cultivate the in terest, and a rra ng e for face - to - face or conference call meetings . Fi nall y, we prepare manage 111 cnt for this i nteractio n , making s ure th e c lie nt unde r stands die iniportant cri teria each contact will uti li ze in the eval ua t i on . This a p proac h has been proven to de li ver resul ts in the short - tenn ( hi g)l . er qua li fy meet i ngs for management , ) as we ll as over the Jong - term (liq ui d i ty, a dive r se shareho l der base and improve d valuations . ) All interested parties will be conti . l)ually updated of the Com pa ny's progress v ia ph one conv ersat io n s and thro ugh our e - ma i l list for news releases . Tn addition, HIRH will screen all investment firm s for upcom n ig financial confere nc es, which would be appropriate for KITL . HIRH will work through the proper channels with lb c goal of receiv i ng invitations for man agement to present at fo ur t o six relevant conferences per year and ensuring that management's time is maximized w it h strong sc he du lesa t th ose co,uc rcnccs tha t they attend . JV . CONT RAC TUAL R F . l . ATI O N SHTP fn perfo r ming serv ices under this proposa l, HIRH shall operateas, a nd have the Sta tus of, an independen t c . ontractor . HIRH agrees tha t all i nform a tio n disclosed to it about th e KrfVs prod u cts, proces se s and s ervices are th e so l e property of KJTL . and it wi ll no t asse rt any rights of imy confiden ti al o r proprietary i n f<Jrma t i on or material, nor w ill it di rectl y or indirectly . except as requ i red in the conduct of its du t ies . V . T ER M This agreement s h all rem ain in effect fo r a period commencing o n the Eff e ctive D ale of May 15, 2020 with a twe lve (12) mo n th minimum guaran teedco mmi tme nt , cancellablc therea!ler o n a 3 0 days' n o t i c e by eit h er party. After tl ie i nitial twe l ve { 1 2) months, b otli parties will n ego tiate in go od fa i th regarding future compensation and term . ln d ie event that H IRH commits any material breach or vio la tionof rhe pr ovi si ons of a writt en Agreemen t between HlRH and KJTL, the n , the Company h as the r ig ht to tenn i nate i t s relationsh i p wit h HlRH a nytime during th e Tenn . KITL warrants tha t it will p rov ide its best efforts iu 4

 
 

comp l ying with H!RH i n the perfonnance of i ts duties and ob li gat i ons and to not unre asonabl y withhold information or ae< : ess of KffL's executi ve management which c o u l d cause HlRH t o no t fu l fill i ts duties under i ts o b ligati ons herew i t h . VI. COMPENSATION Re ga rdin g co mp en sa t io n, it is our in tent i on t o propose parameters tJ 1 a 1 arc murually acceptable to both KITL and HlRH i n or der to accomp lis h o ur collective miss i on . Based on a comm itm em of reso ur ces necessary t o perfonn successfully o n behalf of KITL . HIRH proposes th e foUowing comp ens a t i on t e r ms : • Equ i 1)': 2,000,000 Million shares of Rule 144 res tricte d stock due upo n the execution of the agreement. T h is agreement will remain in eff ect for a 1 2 months per i od. • E:xpe nses : On l y expenses t b at would ordinarily be i n cur red b y th e Client w ill be bille - d ck on a m onth ly basis . App lic able n':hnburscrnents 'tQlllll 1ilt fi 1 de - : cr - e. tioo ·,t> ri•.1 \ i ng and · · · po stage for investor packages, fees fornews wire s e r v ic es, and foes for fax - bro adcas \ iog news releases. Any packages requ i ringadd itio nal photoco pyin g/printing will be billed back to t he C lient at cosr (w i th no mark - u1>) . Any cxtraord i n , a y i (cms , such a:; brok er l un ch pre sentatio n s, a i r trav el, hotel, g ro und t ran sportai i on o r media campaigns, etc . sha ll be paid by t h e C li ent. VII. PRIOR R E STRICTION H(RH represents to the Company that it is not subject 10 , or bound by, any agre emen t whic h setS fo n b o r contains any p rovis i on, th e ex i s ten ce o r enforcement of which would in any way restric t or h in d e r H I RH fr o m per form in g 1 he services on behalf of the Compan y that H I RH is h ere i n ag ; ee . i n g to pcrfo 1 m . VIII - A SS IG NMENT Th is Agreement is pe r sonal to HTRH and may not be assigned in any way by HlRH wi thout the prior written consent o f the Company . Subje< : t t o t he foregoi ng, th e ri ghts and obligations unde r th is Agreement s hall inure to the benefit of , and shall be bind i ng upon, the h e irs, legatees, s u ccessors and permitted ass i gn s of HIRH , and upon thesue< : essors and assig n s of the Co m pan y . IX . CONFIDF . NTfALlTY Exc ept as re quired by l aw or court order , HlRH will keepcon fiden t ial any trade secrets or confident i a l or pro p r i etary info 1 ma 1 i o n of th e Company w h i ch are now know n t o HIR H or w hi ch herei nafter may become knom 1 to BIRII an d I l lR . H s h a ll not a t any time directly o r i ndi rec lly disclose o r perm i t to be di s cJo ; e d any such in fo rma t io n to any person, finn, orcorporation or othe r entity, or us e th e same i n any way o th e r t h an i n connection wilh the business of the Com pa ny and i n any case on ly wil h p rior wri tt en permission of KlTL . F o r purposes of this Ag reem ent, " l rade se crets or confidential or pro pri e tary infonnation" inc l u des informa t io n un ique to or about the Com pa ny in cl ud i n g but not lim i ted to i ts bus ine s s and is no t known or ge ner a ll y ava il able to tl 1 c pub li c . HIR!l sha ll r eturn t o Company all informat i on and proper t y of Com pan y promp l t y upon terminat ion or expi ratio n of t h is Agre emen t . This i ncludes but is not lim ited to, shar eholder lists , inve sto r package s, annu a l reports, annual b udge ts, an d an y ot h er documentat io n tllat w as generated by o r for K I T L during ou r con 1 rac 1 l ueangagement . 5

 
 

GOVE RNI NGLAW; VFNUF.; OF.FAULT x . 10.1 111is Ag11..'<.:mCnl shall b e governed by I.he l aws of tl1e state of Arizona, wit11out rega r d to its co n flic t of law provisions . Any cla i m or co n troversy arising under or related to a n y of the provis i ons of th i s Agreement shall be brought o nl y in the state or federal courts sining in Arizona . Eac h of th e parti e s hereto c onsents to the persona l j u ri sdiction of the aforementioned courts and agrees not to raise any object i on to the laying of venue therein i nclud i ng, without l i mitation, any cla i m of fonim non c o n ve ni ens . 2. In the event that fllRH commits any material breach of any provision of this Agreeme n t, as determined by the Company i n good fa i th, the Company may, by inj u nctive action, compe l H . iRH to comply with, or r estrai n HIRH from v i olati ng,such prov i sion, a n d, in addition, and Ml i n the al t ernative, th e Company shall be entitle d to dec l are HI R H in defau l t hcreu n d r an d to terminate t h is Agree m ent and any further payments here u nder . H IR . H agree, ; to indem n ify , hold harmless and defend the Comp a ny, its direc t ors, otlicers , employees and agents from and aga i nst any aJ 1 d all claims , ac t ions, pr ocee d ings, los s es, li ab il ities, costsand expenses (inc l uding wit h out limita t ion, reasonable attorneys' fees) i ncu , Ted by any of them i n c onnection w i th,as a rc s 11 lt of andlor d u e to anyactions o r i n act i ons and/or missta te me nt s b y HIRll, its officers, age n ts and /or emp l oyees regarding andlot on behalf of t h e Com p any w!Jetlic r in co n nect i on with HIRH's perform a nce of its obligations a n d/or rendering of services pursuant to this Agreement orotbe r wise . 3. S i nce HIR . H m u st at all times rely upon the accuracy and completeness of i nfo r ma t ion supplie d to it by the Company ' s officers, di r e tors, agcnLS . and em p loyees, t he Company agrees to indctllni f y, hold harmless, aJ 1 d defend I URI!, its officers, agents , and e mp l oyees at the Com p any's expense, against any proceeding or suit which may arise out of and/or be due to any materia l misrepresentation in such i nfonnation supplied by the Company to HIRH ( or any material omission by the Company that caused suchs u pplied informatio n to be materially mis l eading) . XI . SEVERABI LI TY AND REFORMATION If any provision of this Agreement is he l d to be i llegal,inva li d, or unenforceab l e under present or future l aw, such provision sha JJ be fu ll y severable, and this Agreement shall be construe d an d enforced a s if such illegal . invalid or unenforceable provis i on we r e never 3 part hereof : and the remaining provi i sons shall remain i n full forceand shall not beaffected by the illega l , inva l id, or unenforceable p r ovision, or by i t s severance ; . but in any su c h event t h is Agreement shall be co n strued to give effec t to the sevci - ed provision to theexte n t l ega lly pe r missi b le . Xlt NOT I CES An y notices r e qu in> . d by this Agreement shall (i) be rnade i n writing and d e li vered to the party to whom i t is addressed by hand de li ve ry , by cert i fied ma il , re t urn recei p t req u ested, wi tl 1 adequate pos t age prepa i d, o r byco u rier delivery service ( i ncl u d in g majo r overn i ght de li very compa n i es s uc h as Federal Exp r es s and Airborne), ( ii ) be deemed given when received , an d (iii) i n the case of the Compa , ny be m ail ed to i ts pr inc i pal office at 80 SW 8 '' Stre , e t S u ite 200 , Miami, l'L 33130 and in the case of HJRH, b e maile d l o HIR Ho ld i n gs , LLC, 1 5879 N . 80 th St r eet, Suite 204 , Sc - 0 ttsdalc, A 7 . 852 - 60 . Xlll . MISCE L LANEOUS

 
 

1. This Agreeme n t may n ot oo amended, except by a written instnnnent signed a nd delivered by each of the parties hereto . 2. This Agreement cons titut es the e n tire understanding between the part i es hereto with respect to the subject matter h ereo f, and all other ag reement s re l at i ng to the subject matter hereof a re hereby superseded . 3. This Ag r eement may bee xecu ted in any numbe r of counterparts, each o f w hich sha ll b e deemed a n origina l , a n d al l of which t ogeth er shall constitute one and the sa m e i n str u me n t . S i gna tures delivered by facsimile tra n smission or by e - ma il delivery of a " . pdf'' format dam fi l e, shall be g iv en th e same l egal force a n d effect as o r i gina l signan , res . Jn Wirness Whereof, th parties have exec ut e d tltis Consu lt i 11 g Ag , ' 1 : - :. emcnt as of the day and year first above w 1 i tten . AGREED : 7