Document:

Exhibit
10.53

 

EMPLOYMENT
AT WILL AGREEMENT

 

This
Employment at will agreement, made and entered into this August 3rd, 2020 by and between Blue Star Foods Corp & any/all of its affiliates
(Florida Corporations), a Delaware corporation (hereinafter referred to as “Employer”) and Silvia Alana (hereinafter referred
to as “Employee”). (Employment to begin upon the execution of signed agreement)

 

WITNESSETH:

 

WHEREAS,
Employer directly &/or through any of its affiliates desires to secure the services of Employee for its accounting books and records;

 

WHEREAS,
Employer directly &/or through any of its affiliates and Employee believe it to be in their best interest to create a definite and
certain employment agreement under the terms and conditions hereinafter set forth;

 

NOW,
THEREFORE, in consideration of the mutual promises of the parties hereto, and of the mutual benefits to be gained by the performances
thereof, the parties agree as follows:

 

1.
Employment. Employer hereby employs Employee as, and in the specific capacity of “Corporate Controller”, and Employee
hereby accepts said employment pursuant to the terms and conditions hereinafter set forth.

 

2.
Term. The term of this agreement (“Agreement/Contract”) shall commence upon the execution of this document. The term
of this agreement shall end exactly 3 (three) years from execution of this Amendment, subject to prior termination pursuant to the terms
and conditions of the Agreement. The term may be renewed annually (or for some other time frame as determined by the Employer) pursuant
to the same terms and conditions unless amended. This agreement is renewable, assignable and transferable at the option of the employer
only.

 

3.
Compensation. For all services rendered by Employee pursuant to this agreement and in addition to the other monetary or fringe
benefits referred to herein, Employer shall pay to Employee a Semi-monthly base salary in accordance with the salary schedule as hereto
attached in Schedule A. The salary schedule will be reviewed at anytime and may be adjusted with a 30 days notification.

 

4.
Additional Benefits. During the term of employment, the Employee shall receive the following benefits paid by Employer:

 

		a)	Company
                                            laptop, VOIP Phone.

		b)	Annual
                                            vacation (non-cumulative):3 weeks from 1st anniversary.

		c)	Sick
                                            & personal leave: 3 days non-cumulative per year

		d)	Maternity
                                            leave (6 weeks natural delivery/8 weeks C-section).

		e)	401
                                            K Plan

		f)	Health
                                            Insurance $450 per month for employee only. On any medical insurance enrolled with the current
                                            Paychex network.

		g)	Other
                                            Paychex benefit packages during employment.

 

    	 	-1-	 

     

    

 

5.
Duties.

 

a.
Employee agrees to devote at least forty (40) hours per week of Employee’s time and best efforts to the business of Employer
at the Employer’s offices or territory assigned. The expenditure of a reasonable amount of time for personal outside business,
charitable and professional activities shall not be deemed a breach of this Contract, provided such activities do not materially
interfere with the services required to be rendered to Employer hereunder.

 

b.
Employee shall not, without the express prior written consent of Employer, directly or indirectly, during the time this agreement remains
in force, except as provided in Section 5.a., engage in any activity competitive with and adverse to Employer’s practice, whether
alone, as a partner, officer, director, employee, shareholder or otherwise, of any other corporation, or as a trustee, fiduciary, or
other representative or agent or any other entity. The making of passive and personal investments and the conduct of private business
affairs shall not be prohibited hereunder.

 

c.
In the normal course of business, employer shall have the power to determine the specific duties to be performed by Employee, and to
determine, within reason, the means and manner by which those duties shall be performed. The Employer shall: (1) review, modify, cancel,
and otherwise oversee all contracts/accounts procured by Employee; (2) have the power to direct Employee in the performance of his duties,
and direct how and when the same shall be performed; (3) determine the days and hours during which Employee shall perform his professional
services; (4) the power to direct, control and supervise the duties to be performed, the manner of performing such duties, and the time
for performing such duties, shall be exercised always by Employer; and (5) Employee agrees and consents to any random sobriety and drug
test(s) by the employer.

 

6.
Accounting. All income generated by Employee from employee’s services to Employer shall belong to Employer.

 

7.
Working Facilities. At the option of the Employer, the Employer may furnish Employee with office space, technical and secretarial
assistance, the use of a cellular phone and other facilities and services which employer deems suitable to Employee’s position,
and adequate for the performance of Employee’s duties.

 

8.
Ownership of Records by Employer: Employer is the records owner of any and all account information, including without limitation,
all records, notes, correspondence, business leads and business contacts actually created or generated by Employee or employees accounts
or business leads.

 

9.
Termination. This Contract shall be terminated upon the happening of any of the following events:

 

		(a)	Whenever
                                            Employer and Employee shall mutually agree to terminate in writing;

 

    	 	-2-	 

     

    

 

		(b)	Upon
                                            the death of Employee;

 

		(c)	Upon
                                            thirty (30) Days notice given by either party to the other;

 

(d)
Upon notice by Employer, for Cause. For purposes of this Contract, the term “Cause” shall be defined to include: (i) moral
turpitude, dishonesty, criminal conduct, or immoral conduct; (ii) Employee’s failure or refusal, after ten (10) days’ notice
and an opportunity to cure, to: (A) comply with any reasonable policy, standard, or regulation of Employer from time to time established,
including, but not limited to, the adherence to Employer’s office policies and procedures and (B) discontinue conduct or behavior
which is offensive to other employees of Employer, thereby disrupting the harmonious functioning of Employer’s business, or, which
is offensive to Employer’s accounts, thereby causing the actual or threatened loss of business to Employer; (iii) Employee’s
continued absence from Employer’s office or Employee’s continued neglect of duty; (iv) incompetence in the performance of
Employee’s duties hereunder; (v) Employee’s material breach of any of the terms of this Contract;(vi) Employee’s positive
alcohol or drugs test results.

 

(e)
In the event of Employee’s disability.

 

(f)
In the event that employee violates Paragraph # 12 of this contract.

 

10.
Termination of Employment. In the event this Contract shall terminate for any reason, then Employee’s employment with Employer
shall terminate and, in lieu of the compensation otherwise provided for in this Contract, Employer shall pay Employee compensation on
bonus as accrued through the last day of the month of the termination date, regarding salary as accrued through date of termination of
employment. In the event this Contract shall be terminated pursuant to the provisions of Section 9(c). Hereof, by employee, Employer
at its option can terminate this Contract at any time during the thirty (30) day period following said notice of termination by selecting
a final work day within the 30 day period and making said date the termination date. Employee shall be paid the amount of compensation
accrued through the termination and the amount of compensation on bonus which would have accrued through the end of the month of the
termination date.

 

11.
Possession Employee agrees that upon request by Employer, and in any event upon termination of employment, Employee from time
to time, shall turn over to Employer all documents, papers or other material in his possession or under his control which may contain
or be derived from Confidential Information, together with all documents, notes or other work product which is connected with or derived
from Employee’s services to Employer including, without limitation all records described in paragraph #8 of this contract, including
all materials in computer read, written or any other form. Employee agrees that the Employee shall have no proprietary interest in any
work product developed or used by Employee during the time of his employment by Employer. Employee shall, from time to time as may be
requested by Employer, do all things which may be necessary to establish or document Employer’s ownership of any such work product,
including, but not limited to execution of appropriate copyright applications or assignments.

 

    	 	-3-	 

     

    

 

12.
Non-competition and Non-disclosure Covenants. Employee hereby acknowledges that employment with Employer will enable Employee
to gain skill and to form certain relationships with individuals and entities in the growth, development, distribution, marketing &
sales of employer’s products such but not limited to pasteurized, fresh, frozen and sterilized crabmeat and value added related
products; as such term is herein below defined and that this employment will give Employee access to confidential information and trade
secrets of the Employer, including, without limitation, financial and accounting information, client lists and data, suppliers, business
and other records and business techniques (all such information hereinafter referred to collectively as the “Confidential Information”).
Employee further acknowledges that the goodwill and other proprietary interests of Employer will suffer irreparable and continuing damage
in the event Employee enters into competition with Employer during Employee’s term of employment with Employer and for the twelve
(12) month period following Employee’s employment with Employer. Therefore, Employee agrees that Employee will not disclose or
divulge the Confidential Information to anyone or use it in any manner to compete with Employer and Employee further agrees that Employee
will not enter into or engage in or consult with any competitor, customer and/or supplier directly or indirectly, on Employee’s
own behalf or for any other employer, entity or individual or, as a partner, joint venture, or as an officer, director, stockholder,
agent, employee for any person, firm, partnership, joint venture, corporation or other entity, anywhere within the geographical area
of “The United States Of America” Territory (such geographical area hereinafter referred to as the “Covenant Area”):
(i) during the time that this Contract remains in force and (ii) for the twelve (12) month period following the termination of Employee’s
employment with Employer (such twelve (12) month period hereinafter referred to as the “Covenant Period”). Employee further
agrees that in the event of any breach of this paragraph by Employee, that it will be impossible to ascertain with any degree of accuracy
the damages which will be suffered by Employer and that Employer will suffer irreparable harm; therefore, Employer and Employee hereby
agree that in the event of any such breach by Employee, Employer shall be entitled to immediate injunctive relief and to such other relief
as may be proper, including all costs incurred to enforce this paragraph, including reasonable attorneys’ fees, whether suit be
brought or not, and if suit is brought, then including appellate attorneys’ fees. The covenants contained in this Paragraph on
the part of Employee shall be construed as agreements independent of any other provision of this Contract and the existence of any claim
or cause of action of Employee against Employer, whether predicated on this Contract or otherwise, shall not constitute a defense in
the enforcement by Employer of these covenants. It is agreed by the parties hereto that if any portion of this covenant not to compete
is held to be unreasonable, arbitrary, or against public policy, the covenant herein shall be considered divisible, as to time, geographical
area and monetary amount; and each month of the specified period shall be deemed a separate period of time so that the lesser period
of time shall remain effective so long as the same is not unreasonable, arbitrary or against public policy. The parties hereto agree
that, in the event any court determines that geographical area to be unreasonable, arbitrary, or against public policy, a lesser geographical
area which is determined to be reasonable, non arbitrary and not against public policy may be enforced against Employee. The parties
further agree that any period of time during which Employee acts in violation of these covenants shall not constitute satisfaction of
the specified period of non-competition and shall be added onto the duration of said period.

 

    	 	-4-	 

     

    

 

13.
Saving Provision. Employer and Employee agree and stipulate that the agreements and covenants not to compete contained in the
preceding paragraph are fair and reasonable in light of all of the facts and circumstances of the relationship between Employee and Employer;
however, Employee and Employer are aware that in certain circumstances courts have refused to enforce certain agreements not to compete.
Therefore, in furtherance of and not in derogation of the provisions of the preceding paragraph Employer and Employee agree that in the
event a court should decline to enforce the provisions of the preceding paragraph, that paragraph shall be deemed to be modified to restrict
Employee’s competition with Employer to the maximum extent, in both time and geography, which the court shall find enforceable;
however, in no event shall the provisions of the preceding paragraph be deemed to be more restrictive to Employee than those contained
therein.

 

14.
Law Applicable. This Contract shall be governed by and construed pursuant to the laws of the State of Florida, where it is made
and executed. If any term or part of this Contract shall be determined to be invalid, illegal or unenforceable in whole or in part, the
validity of the remaining parts and terms of this Contract shall not in any way be affected.

 

15.
Notices. All notices, consents, demands, requests, approvals, waivers and other communications which are required or may be given
hereunder shall be in writing and shall be deemed to have been duly given:

 

a.
When personally hand delivered,

 

b.
Five (5) days after having been mailed to such party by certified mail, return receipt requested, postage prepaid, addressed as follows:

 

	If to Employee:  	Silvia Alana
	 	_________________
	 	_________________
	 	_________________
	 	 
	If to Employer:  	Blue Star Foods Corp
	 	Attn: John Keeler, CEO
	 	3000 NW 109 Ave.
	 	Miami, FL 33172

 

16.
Succession. This Contract shall inure to the benefit of and be binding upon the parties hereto, and their successors in interest
of any kind whatsoever.

 

17.
Amendment. No amendment or variation of the terms of this Contract shall be valid unless made in writing and signed by the parties
hereto.

 

    	-5-

    	 

    

 

18.
Entire Agreement. This Contract represents the entire Agreement between Employer and Employee with respect to the subject matter
hereof, and it shall serve as a mutual agreement in writing by them to terminate any pre-existing employment contract entered into by
them.

 

19.
Counterparts. This Contract may be executed in multiple counterparts each of which shall be an original, but all of which shall
be deemed to constitute one instrument.

 

20.
Interpretation and Construction. The Section and Subsection headings and captions contained in this Contact are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Contract, Whenever the context shall require, all
words herein in the masculine gender shall be deemed to include the feminine or neuter gender, all singular words shall include the plural,
and all plural words shall include the singular. The parties acknowledge and agree that each party has reviewed this Contract and that
any rule of construction resolving ambiguities against the drafting party shall not be employed in the interpretation of this Contract
or any amendment, exhibit or schedule hereto.

 

21.
Legal Fees. In the event it becomes necessary for any party hereto to institute litigation in order to enforce the terms and conditions
of this Agreement, then the losing party to such litigation shall pay to the prevailing party all costs incurred therein, including reasonable
attorneys’ fees at the trial, appellate, post-judgment and bankruptcy levels.

 

 22. Severability. If any provision of this Contract shall be determined by a court of competent jurisdiction to be invalid illegal or unenforceable, such determination shall not affect or impair the validity, legality, or enforceability of the remaining provisions contained herein.

 

IN
WITNESS WHEREOF, the undersigned have hereunto set their hands and seal on the day and year first hereinbefore mentioned.

 

	 	EMPLOYER:
	 	 
	 	Blue
    Star Foods Corp &/or any/all its Affiliates
	 	 	 
	 	By:	/s/
    John Keeler 
	 	 	John
    Keeler, CEO
	 	 	 
	 	EMPLOYEE:
	 	 
	 	By:	/s/
    Silvia Alana
	  	 	Silvia
    Alana

 

    	-6-

    	 

    

 

SCHEDULE
A

 

-Based
Annual Salary $127,500.00

-Increased
of 10% after 6 months of commencing, subject to Satisfactory performance by employee with a minimum of preparing and submitting all tax
forms for 2019 for the employer &/or any of its affiliates.

-30%
of Salary earned in common stock options at each anniversary date at market price BSF Symbol. With a 3 years exercisable period

 

    	-7-Exhibit
10.54

 

 

INVESTMENT
BANKING ENGAGEMENT AGREEMENT

 

July
8th, 2021

 

CONFIDENTIAL

 

John
Keeler | Chairman / CEO

Blue
Star Foods Corp.

3000
NW 109th Ave, Doral, FL 33172

United
States

 

Dear
Mr. Keeler:

 

This
letter (the “Agreement”) confirms Newbridge Securities Corporation’s (“Newbridge”, “NSC”, “we”
or “us”) engagement as the Lead Managing Underwriter for a Registered Securities Offering of up to Five Million USD ($5,000,000)
for Blue Star Foods Corp., a Delaware corporation, its subsidiaries, affiliates, beneficiaries, successors, and assigns (collectively,
the “Company”), pursuant to a registration statement which will be filed with the U.S. Securities and Exchange Commission
(“SEC”) (the “Offering” or the “Transaction”).

 

Based
upon our discussions and the preliminary information the Company furnished to us, we confirm in principle our interest in selling the
Company’s securities on a “firm commitment” basis, upon the following terms and conditions:

 

1.
Services to be Rendered. In connection with the Offering, as requested, Newbridge will assist the Company in structuring the
proposed Offering, coordinating and working with the Company’s legal counsel, auditors, and other advisors to draft the relevant
SEC registration documents, creating and preparing marketing materials, identifying, and contacting potential investors, creating a retail
syndicate (if appropriate), facilitating potential investors’ due diligence investigations, analyzing and advising on the financial
implications of offers, preparing and making presentations to the Company’s Board of Directors, formulating negotiation strategies
and conducting negotiations (as appropriate), and in such other matters as may be agreed upon from time to time by Newbridge and the
Company (the “Services”).

 

In
connection with this Agreement, the Company agrees to keep Newbridge up to date and apprised of all material business, market and current
legal practices and developments related to the Company and its operations and management, including, but not limited to providing Newbridge
with lists of current shareholders and investors and potential investors. Newbridge shall devote such time and effort, as it deems commercially
reasonable under the circumstances in rendering the Services. Newbridge cannot guarantee results on behalf of the Company but shall use
its best efforts to pursue all avenues that it deems reasonable through its network of contacts.

 

NSC
shall be the Lead Underwriter with regard to the Offering and upon the Company’s request, NSC shall work to enter into selected
dealer agreements with other broker-dealers in the capacity of potential co-underwriters or members of a selling group syndicate to participate
in the Offering who are reasonably acceptable to both the Company and NSC; provided further that the appointment of any such selected
dealer shall not modify any obligation of NSC under this Agreement.

 

Investment
Advisory Services offered through Newbridge Financial Services Group, Inc. an SEC Registered Investment Advisor 1200 North Federal Highway,
Suite 400, Boca Raton, FL 33432 | Telephone: 561.395.1220 Fax: 561.229.1531

www.newbridgesecurities.com

 

    	 	 	 

     

    

 

2.
Term of Agreement. The term of our engagement hereunder shall be for a period commencing on the date hereof and expiring
on the earlier of six (6) months from the date hereof or the final closing of an Offering, unless sooner terminated or extended pursuant
to the terms of this section (the “Term”). This Agreement may be terminated prior to expiration of the Term, by Newbridge
for any reason at any time upon thirty (30) days prior written notice. Notwithstanding the foregoing, it is understood that the provisions
of paragraphs 3 (to the extent fees are payable prior to, or after termination), 4 (to the extent expenses have been incurred prior to
termination), and sections 6 through 18 of this Agreement shall remain operative and in full force and effect regardless of any termination
or expiration of this Agreement. In the event of termination, Newbridge shall be immediately paid in full on all items of compensation
and expenses payable to Newbridge pursuant hereto, as of the date of termination.

 

3.
Compensation. For Newbridge’s services hereunder, the Company agrees to pay Newbridge the fees outlined below upon closing
of a sale of any of the Securities (in each instance, a “Closing”):

 

		a)	Cash
                                            Fee: At the closing of the Offering, the Company will pay to Newbridge a fee equal to
                                            seven percent (7.0%) of the gross offering proceeds received by the Company (“Cash
                                            Fee”) from the sale of the Securities placed by Newbridge pursuant to the Offering.
                                            Newbridge may in its discretion apportion such Fee in whole or in part to any selected dealer
                                            engaged by Newbridge in connection with the Offering.

 

		b)	Non-Accountable
                                            Expenses: A non-accountable expense allowance equal to one (1.0%) of the gross offering
                                            proceeds received by the Company, payable by wire transfer at the closing of the Transaction.

 

		c)	Lead
                                            Underwriter’s Warrants: At each closing of the Offering, the Company shall issue
                                            to Newbridge, or its designee warrants to purchase that number of shares of common stock
                                            or units of securities as shall equal seven percent (7.0%) of the Securities issued and sold
                                            by the Company at such closing. The warrants shall be exercisable at a strike price equal
                                            to the public offering price of the securities sold in the Offering.

 

Any
and all warrants to be issued to Newbridge will be due and issuable upon the closing of the Offering and shall be issued to Newbridge
at the same time as and in conjunction with the closing of the Offering (unless otherwise agreed to in writing).

 

The
warrants shall be exercisable from the date of issuance, provided however that the warrants and any securities issuable thereunder shall
be subject to the lock-up requirements of FINRA Rule 5110(g); the warrants shall have a term of three (3) years from the effective date
of the registration statement filed for the Offering. The warrants shall contain cash exercise provisions and shall be non-callable and
non-cancelable with immediate piggy-back registration rights, so that they are registered in the S-1 being filed by the Company for its
Offering.

 

The
warrants shall also have customary provisions for stock dividends, splits, mergers, and any future stock issuances, etc., at a price(s)
differing from said exercise price per share. The warrants will contain such other terms and conditions no less favorable to Newbridge
than the term and conditions of any warrants issued to the participants in the Transaction.

 

At
Newbridge’s option and upon Newbridge’s written instructions to the Company, the Company shall issue all or a portion of
the Lead Underwriter’s Warrants due to Newbridge under this Agreement directly to specified Newbridge affiliates, employees or
any other third-party assignee.

 

Investment
Advisory Services offered through Newbridge Financial Services Group, Inc. an SEC Registered Investment Advisor 1200 North Federal Highway,
Suite 400, Boca Raton, FL 33432 | Telephone: 561.395.1220 Fax: 561.229.1531

www.newbridgesecurities.com

 

    	 	 	 

     

    

 

4.
Offering Expenses. The Company shall be responsible for all reasonable, necessary out-of-pocket expenses relating to the Offering
including, but not limited to: (a) all filing fees and communication expenses associated with the review of this offering by FINRA; (b)
all fees, expenses and disbursements relating to the registration, qualification or exemption of securities offered under the securities
laws of the U.S.; (c) the fees and expenses of the Lead Underwriter’s legal counsel up to a maximum of $25,000; (d) “road
show” expenses for the offering; and (e) for the costs of background checks on its senior management.

 

Newbridge
Securities will pre-approve any of its expenses with the Company, and once approved, the Company shall either pay the appropriate vendors
on behalf of Newbridge or reimburse Newbridge for all expenses due to it within 5 days of written receipt.

 

5.
Information. The Company will furnish Newbridge such information with respect to the Company and access to such Company
personnel and representatives, including the Company’s auditors and counsel, as Newbridge may request in order to permit Newbridge
to perform its internal due diligence, and to assist the Company in preparing offering materials for use in connection with the Offering,
including, but not limited to: an S-1 Registration Statement, an executive summary and an investor presentation (collectively, the “Offering
Materials”).

 

The
Company will be solely responsible for the contents of the Offering Materials and other information provided to investors in connection
with the Offering. The Company represents and warrants to Newbridge that the Offering Materials will not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which
they were made, not misleading. The Company agrees to advise Newbridge promptly upon the Company becoming aware of the occurrence of
any event or change in circumstance that results or might reasonably be expected to result in the Offering Materials containing any untrue
statement of a material fact or omitting to state a material fact necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading. The Company authorizes Newbridge to provide the Offering Materials to investors in connection
with the Offering. The Company and Newbridge shall both have the right to approve every form of letter, circular, notice, memorandum
or other written communication from the Company or any person acting on its behalf in connection with the Offering.

 

The
Company shall also make its Executive Chairman, Chief Executive Officer, Chief Financial Officer and other key management members available
to attend a reasonable number of investor presentations, as determined by Newbridge, and shall commit such time and other resources as
are reasonably necessary or appropriate to secure the reasonable and timely success of the Offering. The Company shall cooperate with
Newbridge in connection with and shall make available to Newbridge such documents and other information as Newbridge shall reasonably
request in order to satisfy its due diligence requirements.

 

6.
Right of First Refusal. In the event that Newbridge successfully completes a Registered Securities Offering wherein the Company
is listed on either the NYSE American or the NASDAQ, and Company determines, either during the Term or at any time during the 12 (twelve)
month period following the end of the Term, that it will require the services of an investment banker, financial advisor or similar professional,
Newbridge shall have the exclusive right, in its sole discretion, to provide such services assuming the key terms and conditions of a
proposal by Newbridge are substantially similar to such key terms and conditions provided by a qualified third party professional.

 

7.
Confidentiality of Advice. Except as otherwise provided in this paragraph, any written or other advice rendered by Newbridge
pursuant to its engagement hereunder are solely for the use and benefit of the Company’s executive management team and Board of
Directors and shall not be publicly disclosed in whole or in part, in any manner or summarized, excerpted from or otherwise publicly
referred to or made available to third parties, other than representatives and agents of the Company’s executive management team
and Board of Directors who also shall not disclose such information, in each case, without Newbridge’s prior approval, unless in
the opinion of counsel and after consultation with Newbridge, such disclosure is required by law. In addition, Newbridge may not be otherwise
publicly referred to without its prior written consent. The Company acknowledges that Newbridge and its affiliates are in the business
of providing financial services and consulting advice to others. Nothing herein contained shall be construed to limit or restrict Newbridge
in conducting such business with respect to others, or in rendering such advice to others, except as such advice may relate to matters
relating to the Company’s business and properties and that might compromise confidential information delivered by the Company to
Newbridge.

 

Investment
                                            Advisory Services offered through Newbridge Financial Services Group, Inc. an SEC Registered
                                            Investment Advisor 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432 | Telephone: 561.395.1220
                                            Fax: 561.229.1531

www.newbridgesecurities.com

 

    	 	 	 

     

    

 

8.
Obligations Limited. Newbridge shall have no obligation to make any independent appraisals of assets or liabilities, or any independent
verification of the accuracy or completeness of any information provided it in the course of this engagement and shall have no liability
in regard thereto.

 

9.
Third-Party Beneficiaries. This Agreement is made solely for the benefit of the Board of Directors of the Company, Newbridge
and other Indemnified Persons (as defined herein), and their respective successors, assigns, heirs and personal representatives, and
no other person shall acquire or have any right under or by virtue of this Agreement.

 

10.
Representations and Warranties. The Company represents and warrants that this Agreement has been duly authorized, executed and
delivered by the Company and constitutes a legal, valid and binding obligation of the Company.

 

Newbridge
represents and warrants that it has full legal right to enter into and perform this Agreement and that its entry into and performance
under this Agreement do not and will not violate any fiduciary or other duty it may have to any other person. Newbridge represents and
warrants that it has and will maintain during this Agreement all licenses, registrations, permits and other authorizations required for
it to perform the activities and receive the compensation contemplated by this Agreement in each jurisdiction in which Newbridge proposes
to engage in such activities. In particular, but without limiting the generality of the foregoing, Newbridge is and will be duly licensed
or registered as a broker dealer or registered representative of a broker dealer under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”) and under the laws of each jurisdiction requiring such licensing or registration. This Agreement, when
executed and delivered by the parties hereto, shall constitute a valid and binding obligation of Newbridge, enforceable in accordance
with its terms, subject to laws of general application relating to bankruptcy, insolvency, the relief of debtors and federal and state
securities laws.

 

Newbridge
shall act in a manner consistent with the instructions of the Company and comply with all applicable laws, whether foreign or domestic,
of each jurisdiction in which Newbridge proposes to carry on the business contemplated by this Agreement. Newbridge shall not take any
action or omit to take any action that would cause the Company to violate any law or any applicable exemption from registration under
the Securities Act of 1933, as amended, or the Exchange Act. Newbridge is a member firm of FINRA, has all authority and approvals needed
to engage in securities trading and brokerage activities, as well as providing investment banking and financial advisory services. Newbridge
represents, warrants and agrees that it shall at all times provide its services under this Agreement in compliance with applicable law,

 

Newbridge
represents that it has an anti-money laundering program in place reasonably designed to comply with Section 352 of the USA Patriot Act,
NASD Rule 3011, and NYSE Rule 445 including (i) Anti-Money Laundering/”Know Your Customer” policies and procedures; (ii)
the designation of an Anti-Money Laundering Compliance Officer; (iii) recording-keeping and reporting practices in accordance with applicable
law; (iv) reporting of suspicious activity to government authorities in accordance with applicable law; (v) anti-money laundering training;
and (vi) independent testing for compliance. We will provide such periodic reports or certifications to the Company regarding this program
as the Company may reasonably request.

 

Investment
                                            Advisory Services offered through Newbridge Financial Services Group, Inc. an SEC Registered
                                            Investment Advisor 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432 | Telephone: 561.395.1220
                                            Fax: 561.229.1531

www.newbridgesecurities.com

 

    	 	 	 

     

    

 

11.
Indemnification. In connection with and as part of the engagement contemplated herein, the Company agrees to indemnify, defend
and hold Newbridge harmless in accordance with the indemnification rider attached hereto as Exhibit A.

 

12.
Non-Circumvention. The Company agrees not to circumvent, avoid, bypass, or obviate, directly or indirectly, the intent of this
Agreement, including ensuring that the subsidiaries and other affiliated entities of the Company shall not sell securities with the effect
of avoiding payment of fees under this Agreement. The Company agrees not to accept any business opportunity from any third party to whom
we introduce to the Company without our prior written consent, unless for each business opportunity accepted by the Company from a third
party introduced by Newbridge or otherwise, the Company remits a term sheet providing for compensation to Newbridge in accordance herewith,
or which otherwise provides for a compensation structure agreeable to Newbridge, in its sole discretion.

 

13.
Governing Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation
of this Agreement shall be governed by the internal laws of the State of Florida, without giving effect to any choice of law or conflict
of law provision or rule (whether of the State of Florida or any other jurisdictions) that would cause the application of the laws of
any jurisdictions other than the State of Florida. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and
federal courts sitting in Palm Beach County, Florida, for the adjudication of any dispute hereunder or in connection herewith or with
any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action
or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding
is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives
personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to
such party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any
manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT TO A JURY TRIAL, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR
THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

14.
Legal Fees and Costs. If a legal action is initiated by any party to this Agreement against another, arising out of or relating
to the alleged performance or non-performance of any right or obligation established hereunder, or any dispute concerning the same, any
and all fees, costs and expenses reasonably incurred by each successful party or his, her or its legal counsel in investigating, preparing
for, prosecuting, defending against, or providing evidence, producing documents or taking any other action in respect of such action
shall be the joint and several obligation of and shall be paid or reimbursed by the unsuccessful party(ies).

 

15.
Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree
to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement
for such provision, then (a) such provision shall be excluded from this Agreement, (b) the balance of the Agreement shall be interpreted
as if such provision were so excluded and (c) the balance of the Agreement shall be enforceable in accordance with its terms.

 

16.
Independent Contractor. Newbridge will perform its services hereunder as an independent contractor, and nothing in this Agreement
will in any way be construed to constitute Newbridge the agent, employee or representative of the Company. Neither Newbridge nor any
agent acting on behalf of Newbridge will enter into any agreement or incur any obligations on the Company’s behalf or commit the
Company in any manner or make any representations, warranties or promises on the Company’s behalf or hold itself (or allow itself
to be held) as having any authority whatsoever to bind the Company without the Company’s prior written consent, or attempt to do
any of the foregoing.

 

Investment
                                            Advisory Services offered through Newbridge Financial Services Group, Inc. an SEC Registered
                                            Investment Advisor 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432 | Telephone: 561.395.1220
                                            Fax: 561.229.1531

www.newbridgesecurities.com

  

    	 	 	 

     

    

 

17.
Notices. Any notice, demand, offer, request or other communication required or permitted to be given by either the Company or
Newbridge pursuant to the terms of this Agreement must be in writing and will be deemed effectively given the earlier of (i) when received,
(ii) when delivered personally, (iii) one business day after being delivered by facsimile (with receipt of appropriate confirmation)
to the number provided to the other party or such other number as a party may request by notifying the other in writing, (iv) one business
day after being deposited with an overnight courier service or (v) four days after being deposited in the U.S. mail, First Class with
postage prepaid, and addressed to the party at the address previously provided to the other party or such other address as a party may
request by notifying the other in writing.

 

18.
Future Advertisements. The Company agrees that Newbridge has the right to place advertisements describing its services to the
Company under this Agreement in its own marketing materials as well as financial and other newspapers and journals at its own expense
following the final closing of the Offering.

 

19.
Miscellaneous. (a) This Agreement and the documents referred to herein constitute the entire agreement between the parties hereto
pertaining to the subject matter hereof, and any and all other written or oral agreements existing between the parties hereto are expressly
cancelled; (b) Only an instrument in writing executed by the parties hereto may amend this Agreement; (c) The failure of any party to
insist upon strict performance of any of the provisions of this Agreement shall not be construed as a waiver of any subsequent default
of the same or similar nature, or any other nature; (d) This Agreement may be executed in two (2) or more counterparts, each of which
shall be deemed an original and all of which together shall constitute one (1) instrument; (e) This Agreement shall be binding on and
inure to the benefit of the parties hereto and their respective successors and permitted assigns. The rights and obligations of the parties
under this Agreement may not be assigned or delegated without the prior written consent of both parties, and any purported assignment
without such written consent shall be null and void.

 

The
remainder of this page is intentionally left blank.

 

If
the foregoing correctly sets forth the understanding between Newbridge and the Company, please so indicate in the space provided below
for that purpose within five business (5) days of the date hereof or this Agreement shall be withdrawn and become null and void. The
undersigned parties hereto have caused this Agreement to be duly executed by their authorized representatives, pursuant to corporate
board approval and intend to be legally bound.

 

Investment
                                            Advisory Services offered through Newbridge Financial Services Group, Inc. an SEC Registered
                                            Investment Advisor 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432 | Telephone: 561.395.1220
                                            Fax: 561.229.1531

www.newbridgesecurities.com

 

    	 	 	 

     

    

 

	Newbridge
    Securities Corporation	 
	 	 	 
	By:	/s/
    Robert Abrams	 
	 	Robert
    Abrams	 
	 	General
    Counsel & Chief Compliance Officer	 
	 	Managing
    Director, Investment Banking	 

 

	Blue
    Star Foods Corp.	 
	 	 	 
	By:
    	/s/
    John Keeler	 
	Name:
    	John
    Keeler	 
	Title:
    	Chairman
    / CEO	 

 

Investment
                                            Advisory Services offered through Newbridge Financial Services Group, Inc. an SEC Registered
                                            Investment Advisor 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432 | Telephone: 561.395.1220
                                            Fax: 561.229.1531

www.newbridgesecurities.com

 

    	 	 	 

     

    

 

EXHIBIT
A

 

INDEMNIFICATION
AND CONTRIBUTION

 

For
purposes of this Exhibit A, unless the context otherwise requires, “Newbridge” shall include Newbridge, any affiliated
entity, and each of their respective officers, directors, employees, partners and controlling persons within the meaning of the federal
securities laws and the successors, assigns, heirs and personal representatives of the foregoing persons (collectively, the “Indemnified
Persons”).

 

The
Company shall indemnify, defend and hold Newbridge harmless against any losses, claims, damages, liabilities, costs and expenses (including,
without limitation, any legal or other expenses incurred in connection with investigating, preparing to defend or defending against any
action, claim, suit or proceeding, whether commenced or threatened and whether or not Newbridge is a party thereto, or in appearing or
preparing for appearance as a witness), based upon, relating to or arising out of or in connection with advice or services rendered or
to be rendered pursuant to the Agreement, the transaction contemplated thereby or Newbridge’s actions or inactions in connection
with any such advice, services or transaction (including, but not limited to, any liability arising out of (i) any misstatement or alleged
misstatement of a material fact in any offering materials and (ii) any omission or alleged omission from any offering materials, including,
without limitation of a material fact necessary to make the statements therein, in light of the circumstances under which they were made,
not misleading), except to the extent that any such loss, claim, damage, liability, cost or expense results solely from the gross negligence
or bad faith of Newbridge in performing the services which are the subject of the Agreement. If for any reason the foregoing indemnification
is unavailable to Newbridge or insufficient to hold it harmless, then the Company shall contribute to the amount paid or payable by Newbridge
as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative benefits received by
the Company and its stockholders on the one hand and Newbridge on the other hand, or, if such allocation is not permitted by applicable
law, not only such relative benefits but also the relative fault of the Company and Newbridge, as well as any relevant equitable considerations;
provided, however, that, to the extent permitted by applicable law, Newbridge shall not be responsible for amounts which in the aggregate
are in excess of the amount of all fees actually received from the Company in connection with the engagement. No person guilty of fraudulent
misrepresentation (as such term has been interpreted under Section 11(f) of the Securities Act of 1933) shall be entitled to contribution
from any person who was not guilty of such fraudulent misrepresentation. Relative benefits to Newbridge, on the one hand, and the Company
and its stockholders, on the other hand, with respect to the engagement shall be deemed to be in the same proportion as (i) the total
value paid or proposed to be paid or received or proposed to be received by the Company or its stockholders, as the case may be, pursuant
to the potential transaction, whether or not consummated, contemplated by the engagement bears to (ii) all fees paid to Newbridge by
the Company in connection with the engagement. Newbridge shall not have any liability to the Company in connection with the engagement,
except to the extent of its gross negligence or willful misconduct.

 

The
Company also agrees to promptly upon demand reimburse Newbridge for its legal and other expenses reasonably incurred by it in connection
with investigating, preparing to defend, or defending any lawsuits, investigations, claims or other proceedings in connection with any
matter referred to in or otherwise contemplated by the Agreement; provided, however, that in the event a final judicial determination
is made to the effect that Newbridge is not entitled to indemnification hereunder, Newbridge will remit to the Company any amounts that
have been so reimbursed.

 

The
Company shall not be liable for any settlement of any action, claim, suit or proceeding (or for any related losses, damages, liabilities,
costs or expenses) if such settlement is effectuated without its written consent, which shall not be unreasonably withheld. The Company
further agrees that it will not settle or compromise or consent to the entry of any judgment in any pending or threatened action, claim,
suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not Newbridge is a party therein)
unless the Company has obtained an unconditional release of Newbridge, from all liability arising therefrom. The reimbursement, indemnity
and contribution obligations of the Company set forth in this Agreement shall be in addition to any liability which the Company may otherwise
have to Newbridge.

 

Any
Indemnified Persons that are not signatories to this Agreement shall be deemed to be third party beneficiaries of this Agreement.

 

Investment
                                            Advisory Services offered through Newbridge Financial Services Group, Inc. an SEC Registered
                                            Investment Advisor 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432 | Telephone: 561.395.1220
                                            Fax: 561.229.1531

www.newbridgesecurities.com

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