Material Agreement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

On April 13, 2026, 1606 Corp., a Nevada corporation (the "Company"), and Jefferson Enterprise Energy, LLC, a Texas limited liability company ("Seller"), entered into the First Amendment to Purchase and Sale Agreement (the "First Amendment"), amending that certain Purchase and Sale Agreement effective as of March 12, 2026 (the "Agreement"), relating to the Company's purchase of certain real property and related assets located in Angelina County, Texas.

The First Amendment extends the closing date under the Agreement from April 15, 2026 to May 22, 2026. The total purchase price of $11,168,864 remains unchanged.

As consideration for the closing date extension, the $250,000 previously deposited by the Company as earnest money shall be deemed fully earned by Seller as a non-refundable extension fee and shall not be credited against the purchase price at closing, regardless of whether the closing occurs or the Agreement is terminated.

From April 13, 2026 through the closing date, the Company is required, upon Seller's written request, to provide information reasonably requested by Seller to verify the Company's financial ability to close, including term sheets, commitment letters, or evidence of available funds.