Reference: [Proposal] DayOneDream × CONX K-Content Pilot Fund (submitted and passed on July 8, 2026)

1. Status as of this Amendment

This Amendment is submitted by MDW Media, Inc. (the "Issuer") with respect to the proposal referenced above (the "Original Proposal"), which was submitted and passed on July 8, 2026. The status of the fund as of the date of this Amendment is as follows.

• The Original Proposal was submitted and passed by CONX governance on July 8, 2026.
• Disbursement was completed on July 15, 2026, in the amount of 29,264,698 $CONX, calculated in accordance with Section 4 of the Original Proposal.
• The entire amount received remains unsold and is held in the Issuer's designated wallet. No portion has been liquidated as of the date of this Amendment.

In light of current market liquidity conditions, the Issuer has consulted with the CONX Foundation on the practical standards for execution and settlement, and this Amendment reflects the outcome of that consultation.

This fund is a K-Content production partnership rather than a mutual wager on token price. Settlement on an actual-execution basis removes the gap between published and realized prices from settlement, establishing a symmetrical structure in which neither party gains nor loses from price variables.

The purpose of this Amendment is twofold: (i) to clarify the basis on which the principal is determined and repaid, and (ii) to establish a framework for supplementary funding. All other provisions of the Original Proposal remain in full force and effect, and the maturity date is confirmed as July 8, 2027, calculated from the submission date of the Original Proposal.

2. Amendments

The following provisions of the Original Proposal are hereby replaced or newly established as set out below.

Amendment 1. Replacement of the Repayment Standard in Section 4

The following provision in Section 4 of the Original Proposal:

"Repayment Standard: $CONX equivalent to KRW 250,000,000. The $CONX quantity shall be calculated based on the TWAP published on CoinMarketCap over the 7 days immediately preceding July 8, 2027."

is hereby replaced with the following:

"Cumulative Realized Proceeds: The total KRW proceeds realized from liquidation executed pursuant to this fund, on a gross basis before deduction of OTC fees, accumulated across all liquidation tranches. Full execution records (date, quantity, unit price, realized amount) shall be submitted as supporting documentation.

Confirmed Principal: The Cumulative Realized Proceeds as at the earliest of: (i) the Cumulative Realized Proceeds reaching KRW 250,000,000; (ii) the Issuer's written notice waiving further supplementary requests; or (iii) January 29, 2027. Upon determination of the Confirmed Principal, no further supplementary requests may be made, and repayment purchases may commence at any time thereafter.

Repayment Basis: At maturity, the Issuer shall repay by converting a KRW amount equal to the Confirmed Principal into $CONX through split market purchases, and shall remit the same to the CONX community designated wallet within seven (7) business days after maturity. Repayment shall be made solely in $CONX."

Amendment 2. Replacement of the Settlement Waterfall in Section 5.1

The following provision in Section 5.1 of the Original Proposal:

"All revenues generated from this fund shall be applied in full toward CONX recovery until 100% of the KRW 250,000,000 principal is recovered."

is hereby replaced with the following:

"All revenues generated from this fund shall be applied in full toward CONX recovery until 100% of the Confirmed Principal is recovered."

Amendment 3. Replacement of the Settlement Process in Section 5.3

The provisions of Section 5.3 of the Original Proposal governing Fund Receipt, Execution, Confirmed Principal, Repayment, and Repayment Contingency are hereby replaced with the following. The Production and Distribution provisions of Section 5.3 remain unchanged.

"Execution (Liquidation): The Issuer shall commence liquidation of the received amount on July 27, 2026. Liquidation shall be executed through split market sales without any lump-sum disposal, applying a daily sell limit to minimize price impact, and the entire amount received shall be liquidated. For the purposes of this Amendment, the liquidation of any tranche shall be deemed completed upon the earlier of (i) liquidation of the entire tranche, or (ii) the ninetieth (90th) day following commencement of that tranche's liquidation. Any unliquidated $CONX upon such deemed completion, or upon determination of the Confirmed Principal, shall be returned in kind to the CONX community designated wallet in full discharge of the corresponding portion.

Confirmed Principal: The Confirmed Principal, as defined in Amendment 1, shall constitute the principal of this fund. The realized KRW proceeds shall be disbursed for production costs through Pledge Inc., MDW's settlement agent, and repayment obligations and asset segregation shall remain with MDW.

Repayment: At maturity, the Issuer shall convert a KRW amount equal to the Confirmed Principal into $CONX through split market purchases, applying the same execution and disclosure principles as at liquidation, and remit it to the CONX community designated wallet. Full execution records shall be submitted as supporting documentation with on-chain disclosure.

Disclosure: The Issuer shall disclose to the community on a monthly basis the sell and buy quantities, execution records, and realized amounts of liquidation and repayment transactions, separately from the quarterly reporting obligation."

Amendment 4. New provision in Section 4(Supplementary Funding)

The following provision is hereby newly established in Section 4 of the Original Proposal:

"Supplementary Funding: Where the Cumulative Realized Proceeds upon completion of any liquidation fall short of KRW 250,000,000, the Issuer may request supplementary $CONX in a quantity reasonably estimated to realize the shortfall amount upon liquidation. Each request shall be executed through a separate Community Pool Spend proposal submitted in accordance with CONX governance procedures. All proceeds realized from liquidating supplementary amounts shall accrue to the Cumulative Realized Proceeds."

Amendment 5. Replacement of the Recovery Period reference in Section 6

References to the "KRW 250,000,000 principal" in Section 6 of the Original Proposal are hereby replaced with the "Confirmed Principal." The target recovery period remains one year from the submission date of the Original Proposal, with maturity on July 8, 2027.

Amendment 6. Replacement of the Reporting Obligations in Section 4

The following provision in Section 4 of the Original Proposal:

"Reporting Obligations: The Issuer will publicly disclose production progress and distribution contract status to the CONX community on a quarterly basis."

is hereby replaced with the following:

"Reporting Obligations: The Issuer will publicly disclose production progress, distribution contract status, and recovery progress to the CONX community on a quarterly basis, and will separately disclose execution records of liquidation and repayment transactions on a monthly basis."

3. Effect of this Amendment

Except for the provisions expressly amended or newly established herein, all provisions of the Original Proposal remain in full force and effect.