SEC Contract Filing

Filing Date: 2023-02-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>3
<FILENAME>onesix_ex107.htm
<DESCRIPTION>REGISTRATION RIGHTS AGREEMENT
<TEXT>
<html><head><title>onesix_ex107.htm</title><!--Document created using EDGARMaster--></head><body style="TEXT-ALIGN: justify; FONT: 10pt times new roman; MARGIN-LEFT: 7%; MARGIN-RIGHT: 7%"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"><strong>EXHIBIT 10.7</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>&nbsp;REGISTRATION RIGHTS AGREEMENT</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px">This Registration Rights AGREEMENT (the &#8220;<strong>Agreement</strong>&#8221;), dated as of February 6th, 2023 (the &#8220;<strong>Execution Date</strong>&#8221;), is entered into by and between <strong>1606 Corp</strong>., a Nevada corporation with its principal executive office at 2425 E Camelback Rd. Suite 150 Phoenix, AZ 85016&nbsp;(the &#8220;<strong>Company</strong>&#8221;), and <strong>GHS Investments LLC</strong>, a Nevada limited liability company, with offices at 420 Jericho Turnpike, Suite 102 Jericho, NY 11753 (the<strong> &#8220;Investor&#8221;</strong>).</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>RECITALS:</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Whereas, pursuant to the Equity Financing Agreement entered into by and between the Company and the Investor of even date (the &#8220;<strong>Equity Financing Agreement</strong>&#8221;), the Company has agreed to issue and sell to the Investor an indeterminate number of shares of the Company&#8217;s common stock, par value $0.___ per share (the &#8220;<strong>Common Stock</strong>&#8221;), up to an aggregate purchase price of Twenty Million Dollars ($20,000,000);</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px">Whereas, as an inducement to the Investor to execute and deliver the Equity Financing Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the &#8220;<strong>1933 Act</strong>&#8221;), and applicable state securities laws, with respect to the shares of Common Stock issuable pursuant to the Equity Financing Agreement.</p> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px">&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px">Now therefore, in consideration of the foregoing promises and the mutual covenants contained hereinafter and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Investor hereby agree as follows:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>SECTION I</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>DEFINITIONS</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 45px; text-align:justify;">As used in this Agreement, the following terms shall have the following meanings:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 45px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 45px; text-align:justify;">&#8220;<strong>Execution Date</strong>&#8221; shall have the meaning set forth in the preambles.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 45px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 45px; text-align:justify;">&#8220;<strong>Investor</strong>&#8221; shall have the meaning set forth in the preambles.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 45px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 45px; text-align:justify;">&#8220;<strong>Person</strong>&#8221; means a corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a governmental or political subdivision thereof or a governmental agency.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 45px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 45px; text-align:justify;">&#8220;<strong>Register</strong>,&#8221; &#8220;<strong>Registered</strong>,&#8221; and &#8220;<strong>Registration</strong>&#8221; refer to the Registration effected by preparing and filing one (1) or more Registration Statements in compliance with the 1933 Act and pursuant to Rule 415 under the 1933 Act or any successor rule providing for offering securities on a continuous basis (&#8220;<strong>Rule 415</strong>&#8221;), and the declaration or ordering of effectiveness of such Registration Statement(s) by the United States Securities and Exchange Com