Financial Obligation (Form 8-K)

On June 9, 2026, FIF Utah, LLC ("FIF Utah"), a wholly-owned subsidiary of Boston Omaha Broadband, LLC ("BOB"), received final funding approval from the United States Department of Agriculture of a grant and loan awards under the Rural Utilities Service ReConnect Program. The loan and the grant are each for $11,484,706, respectively. The loan will be in the form of long-term debt available as requested by BOB in multiple draw downs over a period not to exceed five years from the date of the award, to deploy fiber to approximately 3,000 locations within FIF Utah's surrounding qualifying markets. The loan portion is a 20 year term loan under the applicable U.S. Treasury rate then in effect at the time of drawdown and subject to customary events of default and remedies. Interest and principal payments are deferred for a period of three years from the specific drawdown with accrued interest amortized over the remaining term of the loan. Boston Omaha Corporation (the "Company"), as the ultimate parent of FIF Utah, has unconditionally guaranteed the sums due under the loan.

The foregoing description of the terms of the Guaranty is not complete and is qualified in its entirety by reference to the text of the Guaranty, a copy of which the Company intends to file as an exhibit to its Quarterly Report on Form 10-Q for the period ended June 30, 2026.