PARTS iD, Inc. announced that it has entered into a note purchase agreement for a private placement of a junior secured promissory note in the aggregate principal amount of $1,000,000 on November 2, 2023. The transaction involved participation from new investor 2642186 Ontario Inc. The junior secured note bears interest at the rate of 7.75% per annum, compounded semi-annually, and matures on November 2, 2024. The Note was issued by the Company in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and has not been registered under the Securities Act.

This Note is a junior secured promissory note (the ? Note ?) issued pursuant to the terms of that certain Note Purchase Agreement, dated as of November 2, 2023, by and among the Company and the Purchaser, as the same may be amended from time to time (the ? Purchase Agreement ?).

Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Purchase Agreement or other Loan Documents (as defined in the Purchase Agreement).