On May 23, 2024, BranchOut Food Inc. entered into a Third Amendment to License Agreement with EnWave Corporation, which amended certain terms of the License Agreement between the Company and EnWave originally dated May 7, 2021. Among other things, the Amendment adds additional products for which the Company is provided with both exclusive and non-exclusive licenses to manufacture products using EnWave?s technology under the License Agreement, and eliminates the minimum annual royalty payment required to be paid by the Company in 2024 to maintain the exclusive rights granted under the License Agreement.
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