Company: BOF
Filing Date: 2025-09-19
Form Type: 8-K
Source: 0001493152-25-014243
Chunk: 0

Company: BranchOut Food Inc.
Filing Date: 2025-09-19
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01.

Entry into a Material Definitive Agreement.

On
September 16, 2025, BranchOut Food Inc. (the “ Company”) and EnWave Corporation (“ EnWave”) entered into (i) a
Fifth Amendment to License Agreement (the “ Amendment”), which amended certain terms of the License Agreement between the
Company and EnWave originally dated May 7, 2021 (as amended, the “ License Agreement”), and (ii) an Equipment Purchase Agreement
(the “ Purchase Agreement”).

Pursuant
to the Amendment, among other things, EnWave granted the Company a global exclusive license (but subject to existing licenses
previously issued by EnWave to two other manufacturers) to manufacture Dragon Fruit products using EnWave’s technology under the
License Agreement.

Pursuant
to the Purchase Agreement, the Company purchased from EnWave a refurbished 120kW REV vacuum microwave (the “ Purchased Equipment”)
for a purchase price of $1,500,000. The purchase price is payable in 24 equal monthly installments, commencing April 1, 2026,
pursuant to a secured promissory note (the “ Promissory Note”) bearing interest at the rate of 8.00% per annum.

The
information set forth above is qualified in its entirety by reference to the actual terms of the License Agreement, the Purchase Agreement
and the Promissory Note, which have been filed as Exhibits 10.1, 10.2 and 10.3 hereto, respectively, and which are incorporated herein
by reference.

Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.