Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 454

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 454
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 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 forum provisions may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for certain
disputes with us or our directors, officers, employees or agents, which may discourage such lawsuits against us and our directors, officers,
employees and agents. Stockholders who do bring a claim in the Nevada Eighth Judicial District Court of Clark County, Nevada could face
additional litigation costs in pursuing any such claim, particularly if they do not reside in or near the State of Nevada. The Nevada
Eighth Judicial District Court of Clark County Nevada may also reach different judgments or results than would other courts, including
courts where a stockholder considering an action may be located or would otherwise choose to bring the action, and such judgments or
results may be more favorable to us than to our stockholders. Alternatively, if a court were to find the