APPlife Digital Solutions issued a $60,000 convertible note

Item 1.01 Entry into a Material Definitive Agreement.

On October 22, 2026, APPlife Digital Solutions, Inc. (the Company ) entered into a Securities Purchase Agreement (the Purchase Agreement ) with 104, LLC, a Nevada limited liability company (the Investor ), and issued to the Investor a convertible promissory note dated October 22, 2026 in the principal amount of $60,000 (the Note ) for a purchase price of $54,000. The principal amount includes an original issue discount of $6,000. The Investor funded the purchase price on October 26, 2026, and the transaction closed on that date. After the Investor withheld $3,500 for its legal fees and paid $3,780 to Craft Capital Management LLC, a registered broker-dealer, the Company received net proceeds of $46,720³, which it intends to use for business development and general working capital.

The Note carries a one-time interest charge of 12% of the principal amount ($7,200), which was earned in full on the issue date, and matures on October 22, 2027¹. Any amount not paid when due bears default interest at the lesser of 16% per annum and the maximum rate permitted by law. The Note is an unsecured obligation of the Company².

Conversion. The Investor may convert all or any portion of the outstanding principal and interest into shares of the Company s common stock at any time at a conversion price equal to 65% of the lowest traded price of the common stock during the 20 trading days immediately preceding the conversion date⁴, subject to adjustment. If the average daily dollar trading volume of the common stock is less than $75,000 during four specified weekly periods in December 2026, or less than $150,000 during four specified weekly periods in March 2027, the 65% will be reduced to 50% from that point forward. This reduction is a pricing adjustment only and is not an event of default. The conversion price is also subject to reduction if the Company issues securities at a lower effective price⁵, and the Investor may deduct a $1,750

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 in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03. The Purchase Agreement and the Note were signed on October 22, 2026; the Company s direct financial obligation under the Note arose on October 26, 2026, when the Investor funded the purchase price⁶.

Item 3.02 Unregistered Sales of Equity Securities.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. The Note, and the shares of common stock issuable upon its conversion, were offered and sold to the Investor, an accredited investor, in a private transaction in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended⁷ (the Securities Act ), and/or Rule 506(b) of Regulation D under the Securities Act.