Common Contracts

Certain identified information has been excluded from this exhibit because it is both not material and is the type that the registration treats as private or confidential. In this exhibit “[***]” indidcates where such information has been omitted....

Option Agreement • June 1st, 2026 • CONX Corp. • Real estate operators (no developers) & lessors • Nevada

• Contract Type
  Option Agreement
• Filed
  June 1st, 2026
• Company
  CONX Corp.
• Industry
  Real estate operators (no developers) & lessors
• Jurisdiction
  Nevada

This Option Agreement (this “Agreement”) is made and entered into as of May 29, 2026, by and among CONX Corp., a Nevada corporation (“Parent”), HC2 Merger Sub, LLC, a Delaware limited liability company (“SPV LLC”), HC2 Broadcasting Holdings Inc., a Delaware corporation (the “Company”), HC2 Broadcasting Holdco, LLC, a Delaware limited liability company (“Innovate”) and Innovate Corp., a Delaware corporation (“Innovate Parent”). All capitalized terms used but not defined in this Agreement shall have the meanings ascribed to them in the Merger Agreement (as defined below).

OPTION AGREEMENT

Option Agreement • June 1st, 2026 • INNOVATE Corp. • Fabricated structural metal products • Nevada

• Contract Type
  Option Agreement
• Filed
  June 1st, 2026
• Company
  INNOVATE Corp.
• Industry
  Fabricated structural metal products
• Jurisdiction
  Nevada

This Option Agreement (this “Agreement”) is made and entered into as of May 29, 2026, by and among CONX Corp., a Nevada corporation (“Parent”), HC2 Merger Sub, LLC, a Delaware limited liability company (“SPV LLC”), HC2 Broadcasting Holdings, Inc., a Delaware corporation (the “Company”), HC2 Broadcasting Holdco LLC, a Delaware limited liability company (“Innovate”) and Innovate Corp., a Delaware corporation (“Innovate Parent”). All capitalized terms used but not defined in this Agreement shall have the meanings ascribed to them in the Merger Agreement (as defined below).