13D Filing: Magnolia Capital Fund, LP and Boston Omaha Corp (BOMN)

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Page 12 of 12 – SEC Filing

Exhibit 1

JOINT FILING AGREEMENT

Pursuant to Rule 13d-1(k)(1) under the
Securities Exchange act of 1934, the undersigned agree, as of March 5, 2018, that only one statement containing the information
required by Schedule 13D, and each amendment thereto, need to be filed with respect to the ownership by each of the undersigned
of shares of Common Stock of Boston Omaha Corporation, and such statement to which this Joint Filing Agreement is attached as Exhibit
1 is filed on behalf of each of the undersigned.

Dated: March 5, 2018
Magnolia Capital Fund, LP
By: The Magnolia Group, LLC, General Partner
By: /s/ Adam K. Peterson
Adam K. Peterson, Manager
Magnolia BOC I, LP
By: The Magnolia Group, LLC, General Partner

By:

/s/ Adam K. Peterson
Adam K. Peterson, Manager
Magnolia BOC II, LP
By: The Magnolia Group, LLC, General Partner

By:

/s/ Adam K. Peterson
Adam K. Peterson, Manager
The Magnolia Group, LLC
By: /s/ Adam K. Peterson
Adam K. Peterson, Manager
By: /s/ Adam K. Peterson
Adam K. Peterson
CUSIP No. 101044105 13D Page 11 of 11 Pages

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