EXHIBIT
4.2


 


DESCRIPTION
OF THE REGISTRANT’S SECURITIES


REGISTERED
PURSUANT TO SECTION 12 OF THE


SECURITIES
EXCHANGE ACT OF 1934


 


As
of December 31, 2020, Blue Star Foods Corp. (the “Company”) had one class of securities registered under Section 12
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), being its common stock, $0.0001 par value.
The following description of the Company’s common stock is a summary and does not purport to be complete. It is subject
to and qualified in its entirety by reference to the Company’s Amended and Restated Certificate of Incorporation and Amended
and Restated By-laws, each of which are incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this
Exhibit 4.2 is a part. We encourage you to read the Charter, Bylaws and the applicable provisions of Delaware law for additional
information.


 


Authorized
Capital Stock


 


The
Company’s authorized capital stock consists of 100,000,000 shares of common stock, par value $0.0001 per share, and 10,000
shares of preferred stock designated 8% Series A convertible preferred stock, par value $0.0001 per share.


 


Common
Stock


 


The
holders of outstanding shares of common stock are entitled to receive dividends out of assets or funds legally available for the
payment of dividends, subject to any preferences that may be applicable to any shares of preferred stock that may be outstanding
at that time, at such times and in such amounts as the board of directors from time to time may determine. Holders of common stock
are entitled to one vote for each share held on all matters submitted to a vote of stockholders. There is no cumulative voting
of the election of directors then standing for election. The common stock is not entitled to pre-emptive rights and is not subject
to conversion or redemption. Upon liquidation, dissolution or winding up of the Company, the assets legally available for distribution
to stockholders are distributable ratably among the holders of the common stock after payment of liquidation preferences, if any,
on any outstanding payment of other claims of creditors.


 


Listing


 


Our
common stock is quoted on the OTC pink sheets under the symbol “BSFC”.


 


Transfer
Agent


 


The
transfer agent and registrar for our common stock is VStock Transfer, LLC, with an address of 18 Lafayette Place, Woodmere, New
York 11598 and its telephone number is (212) 828-8436.


 


Delaware
Anti-Takeover Statute


 


We
are subject to Section 203 of the Delaware General Corporation Law, which prohibits a person deemed an “interested stockholder”
from engaging in a “business combination” with a publicly held Delaware corporation for three years following the
date such person becomes an interested stockholder unless the business combination is, or the transaction in which the person
became an interested stockholder was, approved in a prescribed manner or another prescribed exception applies. Generally, an “interested
stockholder” is a person who, together with affiliates and associates, owns, or within three years prior to the determination
of interested stockholder status did own, 15% or more of a corporation’s voting stock. Generally, a “business combination”
includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the interested stockholder. The
existence of this provision may have an anti-takeover effect with respect to transactions not approved in advance by the board
of directors, such as discouraging takeover attempts that might result in a premium over the price of our common stock.


 




    	 



    	 



    

 


Undesignated
Preferred Stock


 


The
ability to authorize undesignated preferred stock makes it possible for our board of directors to issue preferred stock with voting
or other rights or preferences that could impede the success of any attempt to change control of the company. These and other
provisions may have the effect of deterring hostile takeovers or delaying changes in control or management of the company.


 


Special
Stockholder Meetings


 


Our
certificate of incorporation bylaws provide that a special meeting of stockholders may be called only by a majority of our board
of directors.


 


Requirements
for Advance Notification of Stockholder Nominations and Proposals


 


Our
certificate of incorporation and bylaws establish advance notice procedures with respect to stockholder proposals and the nomination
of candidates for election as directors, other than nominations made by or at the direction of the board of directors or a committee
of the board of directors.


 


The
provisions of the Delaware General Corporation Law, our certificate of incorporation and our bylaws could have the effect of discouraging
others from attempting hostile takeovers and, as a consequence, they may also inhibit temporary fluctuations in the price of our
common stock that often result from actual or rumored hostile takeover attempts. These provisions may also have the effect of
preventing changes in our management. It is possible that these provisions could make it more difficult to accomplish transactions
that stockholders may otherwise deem to be in their best interests.