Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1323

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1323
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 under the Company’s 2022 Equity Plan to its securities counsel for services
performed. The fair value of the shares was $44,278, based on the closing traded price of the common
stock on the date of grant.

On
January 26, 2024, the Company issued 60,258 shares under the 2022 Equity Plan, to its securities counsel for services performed. The
fair value of the shares was $69,297, based on the closing traded price of the common stock on
the date of grant.

On
January 5, 2024, the Company retained PCG to provide strategic advisory and investor relations services pursuant to an Advisory Agreement
under which the Company agreed to issue PCG an aggregate 22,500 shares of the Company’s common stock as payment for services in
lieu of cash for the months of January, February, and March 2024. The aggregate fair value of the shares was $36,019, based on the
closing traded price of the common stock on the dates of grant. The shares were subsequently issued on April 15, 2024 under the
2022 Equity Plan.

Common
Stock Issued for Services for the Year Ended December 31, 2023

On
November 1, 2023, the Company issued 24,478 shares under the 2022 Equity Plan to its securities counsel for services performed. The aggregate
fair value of the shares was $40,389, based on the closing traded price of the common stock on
the date of grant.

On
October 26, 2023, the Company issued 12,500 shares under the 2022 Equity Plan to a consultant, who later became a Company director, for
services performed. The aggregate fair value of the shares was $19,000, based on the closing traded
price of the common stock on the date of grant.

    F-24

BRANCHOUT
                                            FOOD INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

On
August 17, 2023, the Company issued 44,334 shares under the 2022 Equity Plan, to its securities counsel for services performed. The aggregate
fair value of the shares was $99,751, based on the closing traded price of the common stock on
the date of grant.

Debt
Conversions

In
connection with the IPO in June 2023, a total of $6,029,204 of convertible