Company: BOF
Filing Date: 2025-07-14
Form Type: 424B3
Source: 0001641172-25-018902
Chunk: 7

Company: BranchOut Food Inc.
Filing Date: 2025-07-14
Form: 424B3
Chunk 7
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 registering the shares of common stock in order to permit the selling stockholders to offer the shares for resale from time
to time. Except as described below, the selling stockholders have not had any material relationship with us within the past three years.

On July 15, 2024, we entered into a
Securities Purchase Agreement (as amended, the “SPA”) with Daniel L. Kaufman, pursuant to which Mr. Kaufman agreed to purchase
from us, in a private placement (i) a 12% Senior Secured Convertible Promissory Note in the principal amount of up to $3,400,000 (the
“Convertible Note”), convertible into shares of the Company’s common stock at a fixed price of $0.7582 per share
of common stock, a (ii) a warrant to purchase 1,000,000 shares of common stock at an exercise price of $1.00 per share
(the “$1.00 Warrant”), and (iii) a warrant to purchase 500,000 shares of common stock at an exercise price
of $1.50 per share (the “$1.50 Warrant” and, together with the $1.00 Warrant, the “Kaufman Warrants”
and together with the Convertible Note, the “Purchased Securities”), in consideration of an initial loan in the principal
amount of $2,000,000 (the “Initial Loan”) to be made to us under the Convertible Note, subject to the terms and conditions
thereof. On July 19, 2024, the Company, Mr. Kaufman and Kaufman Kapital LLC (“Kaufman Kapital”) entered into an amendment
to the SPA, which among other things, replaced Mr. Kaufman with Kaufman Kapital as the “Investor” under the SPA.

On July 24, 2024, we issued the Purchased
Securities to Kaufman Kapital in consideration of the making of the Initial Loan to the Company. Our obligations under the Convertible
Note are secured by a lien granted to Kaufman Kapital on substantially all of our assets pursuant to a Security Agreement entered between
the Company and Kaufman Kapital (the “Security Agreement”). In addition, the Convertible Note includes affirmative and negative
covenants, events of defaults and other terms and conditions, customary in transactions of this nature.

On August 30, 2024, we borrowed an additional
$1,200