Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 313

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 313
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 interest on the indebtedness and will not be available for other purposes, including
    operations, capital expenditures and future business opportunities; and

    ●
    we may be vulnerable in a downturn in general
    economic conditions or in business or may be unable to carry on capital spending that is important to our growth.

Our
Articles of Incorporation provide that the Nevada Eighth Judicial District Court of Clark County, Nevada shall be the exclusive forum
for certain litigation that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable
judicial forum for disputes with us or our directors, officers or employees.

Our
Articles of Incorporation provide that, subject to limited exceptions, the Nevada Eighth Judicial District Court of Clark County, Nevada
shall be, to the fullest extent permitted by law, the sole and exclusive forum for (i) any derivative action or proceeding brought in
the name or right of the Corporation or on its behalf, (ii) any action asserting a claim for breach of a fiduciary duty owed by any of
our directors, officers, employees or agents to us or our stockholders, (iii) any action asserting a claim arising pursuant to any provision
of Nevada Revised Statutes (“NRS”) Chapters 78 or 92A, our Articles of incorporation or our bylaws, (iv) any action to interpret,
apply, enforce or determine the validity of our Articles of Incorporation or bylaws, or (v) any action asserting a claim governed by
the internal affairs doctrine.

Notwithstanding
these provisions of our Articles of Incorporation, Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits
brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder, and Section 22 of
the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability
created by the Securities Act or the rules and regulations thereunder, and notwithstanding the provisions of our Articles of Incorporation,
compliance with the federal securities laws and the rules and regulations thereunder may not be waived by our investors. Accordingly,
the exclusive forum provision of our Articles of Incorporation would not apply to suits brought to enforce any liability or duty created
by the Securities Act, the Exchange Act the rules and regulations thereunder or any other claim for which the federal courts have exclusive
or concurrent jurisdiction, which may cause us to incur additional costs associated with resolving such actions in other jurisdictions.

These
choice of