Company: BSFC
Filing Date: 2025-03-05
Form Type: S-1
Source: 0001493152-25-009166
Chunk: 104

Company: Blue Star Foods Corp.
Filing Date: 2025-03-05
Form: S-1
Chunk 104
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 Ponce                                                           |     |              |       251 | -5 |     |               |    * |   |
| All                                                             
 current directors and executive officers as a group (6 persons) |     |              | 4,362,801 |    |     |               | 29.5 | % |

* Less than 1%

| (1) | 498,476                                                                                                                            
 of such shares are held with Mr. Keeler’s wife as tenants in the entirety and are subject to the terms of a lock-up agreement      
 pursuant to which Mr. Keeler may not sell more than one-third of the common stock held by him in any two-month period. Includes 14 
 shares underlying a stock option which are exercisable within 60 days.                                                             |
| (2) | Includes                                                                                                                           
 14 shares underlying stock options which are exercisable within 60 days.                                                           |
| (3) | Includes                                                                                                                           
 14 shares underlying stock options exercisable within 60 days.                                                                     |
| (4) | Includes                                                                                                                           
 14 shares underlying stock options which are exercisable within 60 days.                                                           |
| (5) | Includes                                                                                                                           
 250 shares underlying a stock option which is exercisable in 60 days                                                               |

| 66 |

Change-in-Control Agreements

The Company does not have any change-in-control agreements with any of its executive officers.

<div align='center'>CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND CORPORATE GOVERNANCE</div>

The following is a description of transactions since January 1, 2021 to which we have been a party, in which the amount involved exceeded or will exceed $120,000, and in which any of our directors, executive officers or holders of more than 5% of our capital stock, or an affiliate or immediate family member thereof, had or will have a direct or indirect material interest.

From January 2006 through May 2017, Keeler & Co issued an aggregate of $2,910,000, 6% demand promissory notes to John Keeler, our Chief Executive Officer, Executive Chairman and a director. We may prepay the notes at any time first against interest due thereunder. If an event of default occurs under the notes, interest will accrue at 18% per annum and if not paid within 10 days of payment becoming due, the holder of the note is entitled to a late fee of 5% of the amount of