Company: BSFC
Filing Date: 2025-02-10
Form Type: POS AM
Source: 0001493152-25-005479
Chunk: 201

Company: Blue Star Foods Corp.
Filing Date: 2025-02-10
Form: POS AM
Chunk 201
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5. Commencing February 7, 2025, the Company is required to make weekly payments of $ 21,300until the due date.

British Columbia Lawsuit

On July 16, 2024, the Company, through TOBC, filed a lawsuit in the Supreme Court of British Columbia (the “Court”) against their landlords Steven Atkinson, Kathryn Atkinson and Janet Atkinson (the “Landlords”) requesting a declaration that their commercial lease located at 2904 and 2934 Jameson Road, Nanaimo, B.C. V9R 6W8 dated April 1, 2022 by and between TOBC and their Landlords is a valid lease and remains in full force and effect. The Company cannot provide any assurance as to the timing of resolution or outcome of this matter.

On January 17, 2025, the Company, through TOBC, filed a lawsuit in the Supreme Court of British Columbia against Harold Steven Atkinson, Janet Atkinson and Ben Atkinson (the “Defendants”) for breach of contract, tort of intentional interference with economic relations, breach of confidentiality and non-compete, breach of trust, breach of fiduciary duty, defamation, breach of duty of honest performance and good faith, and damages. The Company claims that Harold Steven Atkinson purposely hid the renewal process of the Fisheries and Oceans Canada – Freshwater / Land-based Aquaculture License (the “License”) and placed the License in his personal name when it should be in the name of TOBC. The License is required to operate the aquaculture farm, including the transfer of eggs and fingerlings to its facilities. The Company cannot provide any assurance as to the timing of resolution or outcome of this matter.

Vendor Agreement

On November 12, 2024 the Company entered into a vendor
agreement with Low Tide LLC (“LT”). The term of the agreement is 180 days, with will be automatically renewed for additional
successive 180 day terms unless either party gives 90 days written notice to terminate to the other.

LT has developed products, including but not limited
to seafood, under the Wicked Tuna brand using its licensing rights from Pilgrim and the Toby Keith brand, (collectively the “Products”).
We will, with LT, promote and sell the Products.

The Company may, at its discretion, provide funding
for the inventory to fulfill a purchase order (each a “PO”) for the Products sold, and the parties will each receive the