Company: BSFC
Filing Date: 2025-03-05
Form Type: S-1
Source: 0001493152-25-009166
Chunk: 203

Company: Blue Star Foods Corp.
Filing Date: 2025-03-05
Form: S-1
Chunk 203
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 (i) | As relates to Wicked Tuna, if the Company obtains a PO of a Product from                                                               
 its customers, we will pay LT a five percent (5%) margin on the Net Sales Amount. Net Sales Amount shall mean gross sales less returns 
 and promotions and freight allowance.                                                                                                  |

| (ii) | As relates to the Toby Keith brand, if LT obtains a PO for the Products                                                                     
 from its customers and the Company funds the purchase of the inventory to fulfill the PO, the Company shall receive a fee of one percent    
 (1%) of the amount funded per month from LT from the first day of each month that the amount remains outstanding plus an allocation expense 
 which shall be a direct pass through of cost which shall be calculated to include the cost of the product as well expenses associated       
 with transportation, storage and miscellaneous expenses. The Company will be paid directly by LT’s customers. Thereafter, the Company       
 will pay LT its portion within 48 hours of receiving funds for each PO.                                                                     |

The parties agreed to certain customary covenants, including those relating to confidentiality and litigation. The
parties also agreed to certain mutual indemnification provisions for breaches or inaccuracies in their respective representations and
warranties or covenants.

NASDAQ Delisting

On December 18, 2024, the Company received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Nasdaq Hearings Panel (the “Panel”) had determined to delist the Company’s securities from Nasdaq based upon the Company’s violation of Listing Rule 5550(a)(2), the “Minimum Bid Price Requirement”. As a result of the Panel’s decision, Nasdaq suspended trading in the Company’s Common Stock effective with the open of business on Friday, December 20, 2024. Nasdaq will complete the delisting by filing a Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities and Exchange Act of 1934, as amended, on Form 25 with the U.S. Securities and Exchange Commission once all applicable Nasdaq appeal and review periods have expired.

The Company’s Common Stock is traded on the OTC Markets’ OTC Pink Current Information tier under the current symbol “BSFC”. The Company intends to apply to list its securities on the OTCQB as soon as practicable.

| F-50 |

<div align='center'>BLUE STAR FOODS CORP.

18,526,735shares of Common Stock

PRELIMINARY