Company: BOF
Filing Date: 2025-05-22
Form Type: S-3
Source: 0001641172-25-011992
Chunk: 23

Company: BranchOut Food Inc.
Filing Date: 2025-05-22
Form: S-3
Chunk 23
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, or an agreement made by the corporation, may provide that the expenses of officers and directors incurred in defending a civil or criminal action, suit or proceeding must be paid by the corporation as they are incurred and in advance of the final disposition of the action, suit or proceeding, upon receipt of an undertaking by or on behalf of the director or officer to repay the amount if it is ultimately determined by a court of competent jurisdiction that the director or officer is not entitled to be indemnified by the corporation.

| II-1 |

Under the NRS, the indemnification pursuant to NRS 78.7502 and advancement of expenses authorized in or ordered by a court pursuant to NRS 78.751:

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 Does not exclude any other rights to which a person seeking indemnification or advancement of expenses may be entitled under the      
 articles of incorporation or any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, for either an action 
 in the person’s official capacity or an action in another capacity while holding office, except that indemnification, unless          
 ordered by a court pursuant to NRS 78.7502 or for the advancement of expenses made pursuant to NRS 78.751(2), may not be made to      
 or on behalf of any director or officer if a final adjudication establishes that the director’s or officer’s acts or                  
 omissions involved intentional misconduct, fraud or a knowing violation of the law and was material to the cause of action; and       |
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 Continues for a person who has ceased to be a director, officer, employee or agent and inures to the benefit of the heirs, executors  
 and administrators of such a person.                                                                                                  |

A right to indemnification or to advancement of expenses arising under a provision of the articles of incorporation or any bylaw is not eliminated or impaired by an amendment to such provision after the occurrence of the act or omission that is the subject of the civil, criminal, administrative or investigative action, suit or proceeding for which indemnification or advancement of expenses is sought, unless the provision in effect at the time of such act or omission explicitly authorizes such elimination or impairment after such action or omission has occurred.

The articles of incorporation of the Company provide that to the fullest extent permitted under the NRS (including, without limitation, to the fullest extent permitted under NRS 78.7502 and 78.751(3)) and other applicable law, the Company shall indemnify directors and officers of the Company in their