Company: BSFC
Filing Date: 2025-02-10
Form Type: POS AM
Source: 0001493152-25-005479
Chunk: 9

Company: Blue Star Foods Corp.
Filing Date: 2025-02-10
Form: POS AM
Chunk 9
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Company has engaged in an at-the-market offering in connection with which HC Wainwright & Co, LLC or an affiliate thereof will act
as placement agent (the “HCW ATM”).

Pursuant
to the Waiver Agreement, it is agreed, solely as it relates to the HCW ATM to the wavier of Sections 3.4(a)(v) (Adjustments for Issuance
of Additional Shares of Common Stock) and 4.1(f) (Prohibited Transactions) of the note and Section 5.9 (Prohibited Transactions) of the
Securities Purchase Agreement. The waiver is subject to the following conditions: (i) the Company may not make any sales of securities
under the HCW ATM until 3 Trading Days have elapsed from the date that the terms of this Agreement are publicly announced, (ii) for the
period beginning on the date hereof and ending on that the day that is 60 days thereafter, the aggregate amount of gross proceeds receivable
under the HCW ATM for the sale of securities by the Company may not exceed $1,000,000, and (iii) for the period beginning on the date
that is 61 days following the date hereof and ending on that the day that is 150 days thereafter, the aggregate amount of total gross
proceeds receivable under the HCW ATM for the sale of securities by the Company may not exceed an additional $1,000,000. Additionally,
on the date that is the earlier of (i) the date that gross the proceeds for the sale of securities by the Company under the HCW ATM equals
or is in excess of $500,000.00, or (ii) the date that is 120 days from the date hereof, the Company shall pay to Lind $100,000.00 and
an additional $3,000.00 for the Lind’s legal expenses relating to the preparation of this Agreement.

If
the Company sells securities prior to the date permitted, in excess of the amounts agreed to, or if the Company fails to make the payments
as required the Waiver Agreement will be deemed to have not been given.

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1800 Diagonal Notes

On September 9, 2024, pursuant to a securities purchase agreement, the Company issued to 1800 Diagonal Lending LLC, a Virginia limited liability company (“Diagonal”) a convertible promissory note in the principal amount of $179,400 with an original