1606 Corp. amends promissory note; principal raised to $1.74M, adds 25% discount conversion

1606 CORP.

Principal increased to $1,739,550 from $1,528,550, an increase of $211,000.
Holder can convert principal and accrued interest at 25% discount to closing bid price.
Conversion subject to 4.99% beneficial ownership limitation.
Note issued to former CEO Gregory Lambrecht; adds immediate dilution risk.

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