---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-020261"
form_type: "8-K"
ticker: "BOF"
cik: "0001962481"
company_name: "BranchOut Food Inc."
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T21:49:36.176753+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BranchOut Food signs 10-year lease for 50,000 sq ft Peru plant, buys $1.27M mortgage

## Summary
- 10-year lease for 50,000 sq ft Peru food processing plant; rent escalates from $8,000/month to $25,000/month.
- Purchased $1.27M first-position mortgage on the facility; $275K paid, $992K due by Aug 10, 2024.
- Purchase option to buy the facility for $1,865,456; also 10-year renewal option.
- Company to use plant for dehydrated food manufacturing in Peru; may assign lease to new Peru branch.

## SEC filing metadata
- accession: 0001493152-24-020261
- form_type: 8-K
- ticker: BOF
- cik: 0001962481
- company_name: BranchOut Food Inc.
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1962481/000149315224020261/0001493152-24-020261-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1962481/000149315224020261/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-020261
- JSON: https://secwatch.observer/filing/0001493152-24-020261.json
- Plain text: https://secwatch.observer/filing/0001493152-24-020261.txt

## Key facts
- Material Agreements
  BranchOut Food Inc. entered into Assignment Of Credit and Substitution of Mortgagee with assignor valued at purchased a first position mortgage receivable in the amount of $1,267,000 for a purchase price of $ (effective 2024-05-10).
  - Action: entry
  - Counterparty: assignor
  - Value: purchased a first position mortgage receivable in the amount of $1,267,000 for a purchase price of $
  - Effective: 2024-05-10
  source text: In connection with the Company’s lease of the Peru Facility, on May 10, 2024 the Company entered into a Assignment Of Credit and Substitution of Mortgagee (the “Assignment Agreement”), under which the Company purchased a first position mortgage receivable in the amount of $1,267,000, which is secured by the Peru Facility and was owed by the landlord of the Peru Facility to the assignor, for a purchase price of $1,267,000, of which $275,000 was paid by the Company to the assignor on May 10, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1962481/000149315224020261/0001493152-24-020261-index.htm
- Material Agreements
  BranchOut Food Inc. entered into Lease Agreement with landlord of Peru Facility valued at monthly lease payments of $8,000 in first two years, $20,000 in third year, $22,000 in fourth year, (effective 2024-05-10).
  - Action: entry
  - Agreement: lease
  - Counterparty: landlord of Peru Facility
  - Value: monthly lease payments of $8,000 in first two years, $20,000 in third year, $22,000 in fourth year,
  - Effective: 2024-05-10
  source text: On May 10, 2024, BranchOut Food Inc. (the “Company”) entered into a Lease Agreement (the “Lease Agreement”) providing for the 10-year lease by the Company of a 50,000 square-foot food processing plant located in Peru (the “Peru Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1962481/000149315224020261/0001493152-24-020261-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.