AMENDMENT
NO. 1 TO


 


SUBSCRIPTION
AGREEMENT


 


THIS
AMENDMENT (this “Amendment”) is made as of November 18, 2018, by and between Blue Star Foods Corp.,
a Delaware corporation (the “Company”), and the Purchasers set forth on the signature pages affixed hereto
(individually, a “Purchaser” or collectively, the “Purchasers”).


 


W
I T N E S S E T H


 


WHEREAS,
each of the Purchasers subscribed to purchase or intends to subscribe to purchase Units from the Company in the Offering;


 


WHEREAS,
the Initial Closing of the Offering has not yet occurred; and


 


WHEREAS,
the Company and the Purchasers wish to amend the Agreement on the terms set forth herein.


 


NOW,
THEREFORE, the parties hereto, in consideration of the mutual promises herein contained and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, hereby agree to amend the Agreement as follows:


 


1.
Definitions; References; Continuation of Agreement. Unless otherwise specified herein, each term used herein that is
defined in the Agreement shall have the meaning assigned to such term in the Agreement. Each reference to “hereof,”
“hereto,” “hereunder,” “herein” and “hereby” and each other similar reference,
and each reference to “this Agreement” and each other similar reference, contained in the Agreement shall from and
after the date hereof refer to the Agreement as amended hereby. Except as amended hereby, all terms and provisions of the Agreement
shall continue unmodified and remain in full force and effect.


 


2.
Change to Offering Amounts. The parties hereto hereby agree that the terms “Minimum Offering” and “Maximum
Offering,” as defined in the first preamble of the Agreement, shall be amended to mean a minimum of $700,000 and a maximum
of $3,200,000, respectively.


 


3.
Extension of Offering Period. The parties hereto hereby agree that the eleventh preamble of the Agreement shall be
deleted and replaced in its entirety by the following:


 


“Thereafter,
the Company may conduct one or more additional Closings for the sale of the Units until the termination of the Offering. The Company
anticipates consummating an initial closing of the Offering (the “Initial Closing”) on or before November
14, 2018. The Units will be offered through November 30, 2018 (the “Initial Offering Period”), which
period may be extended by the Company in its sole discretion, without notice to any Purchaser or prospective Purchaser, to a date
not later than ninety (90) days after the final day of the Initial Offering Period (any such additional period and the Initial
Offering Period are referred to collectively as the “Offering Period”). The final day of the Offering
Period shall be referred to as the “Termination Date.””


 


4.
Miscellaneous.


 


4.1
Except as specifically amended or modified as set forth herein, all other terms of the Agreement are ratified and confirmed and
remain in full force and effect, to the extent they are in full force and effect as of the date of this Amendment.


 


4.2
This Amendment may be executed in two or more counterparts, all of which when taken together shall be considered one and the same
agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being
understood that both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission
or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of
the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf”
signature page were an original thereof.


 


4.3
This Amendment shall be governed by and construed in accordance with the laws of the State of New York.


 


(Signature
page to follow)


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed on the date first above written.


 


	 	BLUE STAR FOODS CORP.
	 	 	 
	 	By: 	/s/ John Keeler
	 	Name: 	John Keeler
	 	Title: 	Executive Chairman


 


Acknowledged
and Agreed to:


 


	BUYER
    (individual)	 	BUYER
    (entity)
	 	 	 
	 	 	 
	Signature	 	Name
    of Entity
	 	 	 
	 	 	 
	Print
    Name	 	Signature
	 	 	 
	 	 	 
	Signature
    (if Joint Tenants or Tenants in Common)	 	Print
    Name
	 	 	 
	 	 	Title


 


[Signature
Page to Amendment No. 1 to Subscription Agreement]


 




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