Company: BOF
Filing Date: 2025-07-03
Form Type: S-3
Source: 0001641172-25-017784
Chunk: 10

Company: BranchOut Food Inc.
Filing Date: 2025-07-03
Form: S-3
Chunk 10
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man Kapital. The loan under the Secured Note bears interest at a rate of 15% per annum,
and our obligations under the Secured Note are secured by a lien on our assets pursuant to the Security Agreement.

On June 1, 2025, we entered into a Warrant
Exercise and Amendment to Notes and Warrant Agreement with Kaufman Kapital, pursuant to which (i) Kaufman Kapital exercised in full the
$1.00 Warrant, for a cash payment to the Company of $1,000,000, (ii) the expiration date of the $1.50 Warrant was extended to December
31, 2026, (iii) the maturity date of the Convertible Note was extended from December 31, 2025 to December 31, 2026, (iv) the maturity
date of the Secured Note was extended to December 31, 2025, (v) we agreed not to make any prepayment under the Convertible Note at any
time amounts are outstanding under the Secured Note or any other non-convertible notes of the Company (excluding notes issued pursuant
to equipment financing), and (vi) we agreed not to prepay more than $2,400,000 of principal outstanding under the Convertible Note prior
to September 30, 2026.

On July 15, 2024, we entered into Subscription
Agreements (the “Subscription Agreements”) with three investors, consisting of Eric Healy, our Chief Executive Officer; Eagle
Vision Fund LP, an affiliate of John Dalfonsi, our Chief Financial Officer; and Christopher Coulter, our President, pursuant to which
such investors purchased $525,000 of “Units” from us, each Unit consisting of (i) 100 shares of Common Stock, and (ii) a warrant
to purchase 125 shares of Common Stock over the following ten years at an exercise price of $1.00 per share, at a purchase price per Unit
equal to $75.82. We completed the sale of the Units to Eric Healy and Christopher Coulter on July 23, 2024, and the sale of the Units to Eagle Vision on August 30, 2024, resulting in the issuance of an aggregate of 692,429 shares of common stock and warrants to purchase 865,536 shares of common stock.

<div align='center'>7</div>

On January 10, 2024, we completed