Material Agreement, Financial Obligation (Form 8-K)

Item 1.01. Entry into a Material Definitive Agreement.

On November 1, 2024, 1606 Corp., a Nevada corporation (the "Company"), issued to Gregory Lambrecht, the Company's former Chief Executive Officer and director, an Amended and Restated Promissory Note in the principal amount of $1,220,550.

Due to additional amounts loaned by Mr. Lambrecht to the Company, on March 17, 2026 the board of directors of the Company approved the issuance to Mr. Lambrecht (the "Holder") an Amended and Restated Promissory Note in the principal amount of $1,885,050 (the "Note"). The Note is issued effective December 31, 2025, matures December 31, 2025, and, subject to a 9.99% beneficial ownership limitation and at the option of the Holder, is convertible, into shares of the Company's Common Stock at a discount of 25%)of the closing bid price of the Common Stock on the date of conversion

The foregoing summary of the Note does not purport to be complete statements of the terms and conditions under the Note, of which are qualified in their entirety by the full terms and conditions of the Note, which is filed hereto as Exhibit 4.1.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.