Document:

Exhibit
10.34

 

LOCK-UP
and resale restriction AGREEMENT

 

THIS
LOCK-UP AGREEMENT is made and entered into the 26th day of December 2019, by and between Blue Star Foods Corp., a Delaware
Corporation (the “Company”) and ___________ (“Holder”).

 

RECITALS

 

WHEREAS,
the Holder is the owner of a total of ______ shares of common stock of the Company, including ______ shares of common stock
that were registered as part of the Company’s S-1 Registration Statement (“Registered Shares”) originally filed
on January 14th, 2019, and declared effective on June 20th, 2019.

 

NOW
THEREFORE, for consideration received, the Holder agrees that as of the date hereof and during the pendency of this letter
agreement, the Holder will not transfer, sell, contract to sell, devise, gift, assign, pledge, hypothecate, distribute or grant
any option to purchase or otherwise dispose of, directly or indirectly the Registered Shares subject to a “trickle”
into market, except at a rate not to exceed five hundred (500) shares per month on a non-cumulative basis for a period of six
(6) months after which time this Agreement becomes null and void.

 

Any
attempted sale, transfer or other disposition in violation of this letter agreement shall be null and void.

 

The
Holder further agrees that if the Holder attempts to sell, transfer, or otherwise dispose of its shares in violation of this Agreement,
the Company (i) may instruct its transfer agent not to transfer such securities (ii) may provide a copy of this letter agreement
to the Company’s transfer agent for the purpose of instructing the Company’s transfer agent to place a legend on the
certificate(s) evidencing the securities subject hereto and disclosing that any transfer, sale, contract for sale, devise, gift,
assignment, pledge or hypothecation of such securities is subject to the terms of this letter agreement and (iii) may issue stop-transfer
instructions to its transfer agent for the period contemplated by this letter agreement for such securities.

 

This
letter agreement shall be binding upon the Holder, its agents, heirs, successors, assigns and beneficiaries.

 

Any
waiver by the Company of any of the terms and conditions of this letter agreement in any instance must be in writing and must
be duly executed by the Company and the Holder and shall not be deemed or construed to be a waiver of such term or condition for
the future, or of any subsequent breach thereof.

 

The
Holder agrees that any breach of this letter agreement will cause the Company and the third-party beneficiary’s irreparable
damage for which there is no adequate remedy at law. If there is a breach or threatened breach of this letter agreement by the
Holder, the Holder hereby agrees that the Company and the third-party beneficiaries shall be entitled to the issuance of an immediate
injunction without notice to restrain the breach or threatened breach. The Holder also agrees that the Company and all third-party
beneficiaries shall be entitled to pursue any other remedies for such a breach or threatened breach, including a claim for money
damages.

 

    	 

     

    

 

IN
WITNESS WHEREOF, the undersigned has duly executed and delivered this Agreement as of the day and year first above written.

 

	Blue Star Foods Corp. 	 
	 	 	 
	By:	               	 
	 	Name:
    John Keeler	 
	 	Title:
    Chairman & CEOExhibit
10.35

 

PROMISSORY
NOTE

 

	$100,000.00	Miami,
    Florida
	 	April
    1st, 2020

 

FOR
VALUE RECEIVED, BLUE STAR FOODS CORP., a Delaware corporation (the “Borrower”), promises to pay to the
order of Lobo Holding, LLC, a Florida Limited Liability Corporation (the “Lender”, the principal sum of One
Hundred thousand Dollars ($100,000.00), together with interest on the unpaid principal balance at the rate and on the terms provided
herein.

 

	 	1.	Interest
    Rate. Interest shall accrue on the unpaid principal balance of this Promissory Note (including all modifications,
    substitutions, renewals or extensions hereof, this “Note”) at the rate of 10% per annum (the “Interest
    Rate”) from the date hereof until the Note is paid in full. Interest shall be paid for the actual number of days
    elapsed based on a 360-day year and shall be payable together with payments of principal.
	 	 	 
	 	2.	Maturity
    Date. The term of the Note shall be the period commencing on the date hereof and ending on September 30, 2020 (the
    “Maturity Date”).
	 	 	 
	 	3.	Payment.
    The outstanding accrued, but unpaid, interest and principal balance due under the Note shall be due and payable on the Maturity
    Date. If the Maturity Date is not a Business Day, payments shall be due on the next Business Day. For purposes of this Note,
    “Business Day” means any day other than a Saturday, Sunday or other day on which banking institutions in New York
    are authorized or required by law to close. Amounts due under this Note shall be payable by certified or bank cashier’s
    check, or by wire transfer of immediately available funds to an account designated by Lender in writing.
	 	 	 
	 	4.	Pre-Payment.
    The Note may be prepaid in whole or in part at any time or from time to time during the term of the Note. Any such prepayment
    shall be applied first to interest accrued but unpaid to such date on the outstanding principal balance hereof immediately
    preceding such prepayment and then to reduction of the principal balance hereof. There will be no penalty for pre-payment
    of the Note.
	 	 	 
	 	5.	Default.
    The unpaid principal, interest and other amounts and charges due under the Note shall be immediately due and payable upon
    the occurrence of the following:

 

	 	a.	Default
    in any payment of principal or interest due on the Note or default under any other provision of the Note; or
	 	 	 
	 	b.	The
    Borrower makes an assignment for the benefit of creditors, files a petition in bankruptcy, is adjudicated insolvent or bankrupt,
    petitions or applies to any tribunal for any receiver of any trustee for the Borrower or any substantial part of its property,
    commences any proceeding relating to the Borrower under any reorganization, arrangement, readjustment of debt, dissolution
    or liquidation law or statute of any jurisdiction, whether now or hereafter in effect, or there is commenced against the Borrower
    any such action or proceeding which remains undismissed for a period of thirty (30) days, or the Borrower by any act indicates
    its consent to, approval of or acquiescence in any such action or proceeding or the appointment of any receiver of or any
    trustee for the Borrower or any substantial part of its property, or suffers any such receivership or trusteeship to continue
    undischarged for a period of thirty (30) days.

 

    	 

     

    

 

	 	6.	Waiver.
    Presentment for payment and demand for payment, notice of dishonor, protest and notice of protest, notice of non-payment,
    notice of intent to accelerate the maturity and acceleration are hereby waived.
	 	 	 
	 	7.	Amendment.
    The Note cannot be modified, discharged or terminated except in writing signed by the parties hereto.
	 	 	 
	 	8.	Cost
    of Collection. The Borrower shall pay all reasonable costs and expenses, including reasonable attorneys’ fees,
    incurred by the Lender in collecting or enforcing the Note.
	 	 	 
	 	9.	Governing
    Law. The Note shall be governed by, and construed in accordance with, the laws of the State of Florida applicable
    to contracts made and to be performed in such State, without giving effect to the conflicts of laws principles thereof.
	 	 	 
	 	10.	Savings
    Clause. Any provision herein or in any other agreement or commitment between the Borrower and the Lender, whether
    written or oral, expressed or implied, to the contrary notwithstanding, the Lender shall never be entitled to charge, receive,
    or collect, nor shall amounts received hereunder be credited as interest so that the Lender shall be paid, a sum greater than
    interest at the maximum nonusurious interest rate, if any, that at any time may be contracted for, charged, received, or collected
    on the indebtedness evidenced by the Note under applicable law (the “Maximum Rate”). It is the intention
    of the parties that the Note shall comply with applicable law. If the Lender ever contracts for, charges, receives, or collects,
    anything of value which is deemed to be interest under applicable law, and if the occurrence of any circumstance or contingency,
    whether acceleration of maturity of the Note, delay in advancing proceeds of the Note; or other event, should cause such interest
    to exceed interest at the Maximum Rate, any such excess amount shall be applied to the reduction of the unpaid principal balance
    of the Note or any other indebtedness owed to the Lender by the Borrower, and if the Note and such other indebtedness is paid
    in full, any remaining excess shall be paid to the Borrower. In determining whether or not the interest hereon exceeds interest
    at the Maximum Rate, the total amount of interest shall be spread throughout the entire term of the Note until its payment
    in full in a manner which will cause the interest rate on the Note not to exceed the Maximum Rate.
	 	 	 
	 	11.	Independent
    Legal Counsel. Each party hereto has been advised and has had the opportunity to consult with independent legal counsel
    regarding its rights and obligations under the Note and acknowledges that it fully understandings the terms and conditions
    contained herein.

 

    	 

     

    

 

The
Borrower agrees to the terms of the Note by signing below.

 

BLUE
STAR FOODS CORP.

 

	 	By:	 /s/
    John Keeler 
	 	Name:	John
    Keeler
	 	Title:	Executive
    ChairmanExhibit
10.36

 

Loan
Amendment

 

Loan
Amendment (this “Amendment”) dated May 21, 2020 to the Promissory Note dated March 26th,
2019 (the “Promissory Note”) issued by Blue Star Foods Corp., a Delaware corporation (the “Borrower”
or the “Company”), to Kenar Overseas Corp, a company registered in Panama (the “Lender”).

 

W
I T N E S S E T H

 

WHEREAS,
on March 26, 2019 the Borrower issued to the Lender an unsecured promissory note in the principal amount of $1,000,000, which
was extended on a month-to-month basis after its maturity on July 26, 2019;

 

WHEREAS,
as of the date hereof the Borrower owes a total of $872,500, and accrued interest of $70,431.23 thereon, to the Lender;

 

WHEREAS,
the Borrower’s principal executive officer has pledged 5,000,000 of his shares of common stock of the Company to secure
the Company’s obligations under the Note (the “Pledge”); and

 

WHEREAS,
the parties desire to amend certain provisions of the Note (capitalized terms used herein not otherwise defined shall have the
meanings given to such terms in the Note) on the terms and provisions contained in this Amendment.

 

NOW,
THEREFORE, in consideration of the mutual covenants herein and other good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, the parties hereby agree as follows:

 

1. Maturity
Date. Section 2 of the Note is hereby deleted in its entirety and replaced by the following:

 

“The
outstanding principal of $872,500 shall be due and payable on March 31, 2021 (the “Maturity Date”). At any
time within the term of the Loan, at the Lender’s Exclusive Option, the Lender may elect to move the Maturity Date to September
31, 2021. Notwithstanding, the Borrower agrees that one-third of the net proceeds of any capital raised by the Company in the
form of Equity, Preferred Stock, or Convertible Preferred Stock after the date hereof shall be utilized to reduce the outstanding
principal of the Note.”

 

2. Interest
Rate and Payments. Section 1 of the Note is hereby deleted in its entirety and replaced by the following:

 

“Interest
shall accrue on the unpaid principal balance of this Promissory Note at the rate of 18.0% per annum, payable monthly commencing
October 1, 2020. Interest shall be paid for the actual number of days elapsed based on a 360-day year.”

 

3. Shares.
As additional consideration for forbearance on the obligations of the Borrower pursuant to the Promissory Note and for
execution and delivery of this Amendment, the Borrower shall issue to the Lender 1,021,266 shares of common stock (the
“Shares”) of the Borrower.

 

    	 	 	 

    	 

    

 

In
connection therewith, the Lender agrees and acknowledges that (i) it is an accredited investor, as such term is defined in Rule
501under the Securities Act of 1933, as amended (the “Securities Act”); (ii) it understands that the Shares
are “restricted securities” and have not been registered under the Securities Act or any applicable state securities
law and the Borrower has no obligation therewith; (iii) it is acquiring the Shares as principal for its own account and not with
a view to or for distributing or reselling such Shares or any part thereof; (iv) it has no present intention of distributing any
of the Shares in violation of the Securities Act or any applicable state securities law and has no direct or indirect arrangement
or understandings with any other persons to distribute or regarding the distribution of such Shares in violation of the Securities
Act or any applicable state securities law; (v) it, either alone or together with its representatives, has such knowledge, sophistication
and experience in business and financial matters so as to be capable of evaluating the merits and risks of an investment in the
Shares, and has so evaluated the merits and risks of such investment and (vi) it has been furnished with or has access to the
information about the Borrower that it has determined is sufficient to accept the Shares. The Lender is able to bear the economic
risk of an investment in the Shares and, at the present time, is able to afford a complete loss of such investment.

 

4.
Pledge. The Lender agrees that the 5,000,000 shares of common stock of the Borrower
owned by Mr. Keeler which are the subject of the Pledge is hereby reduced to 4,000,000 shares of his stock.

 

5. Reference.
On and after the date hereof, each reference in the Note to “this Note”, “hereunder”,
“hereof”, “herein” or words of like import, and each reference to the Note or any other agreement,
document or other instrument, shall mean, and be a reference to the Note, as amended by this Amendment. No other term or
provision of the Note shall be affected by this Amendment other than as expressly provided herein.

 

6. Counterparts.
This Amendment may be executed in one or more counterparts and by facsimile or other electronic means, and all of said
counterparts taken together shall be deemed to constitute one and the same instrument.

 

7. Captions.
The captions used in this Amendment are intended for convenience of reference only, shall not constitute any part of this
Amendment and shall not modify or affect in any manner the meaning or interpretation of any of the provisions of this
Amendment.

 

8. Binding
Effect. This Amendment shall be binding upon and inure to the benefit of the respective heirs, executors, administrators,
representatives and the permitted successors and assigns of the parties hereto.

 

9. Governing
Law. This Amendment and the rights and obligations of the parties under the Promissory Note shall be governed by and
construed in accordance with the laws of the State of Florida, without regard to conflict of laws rules applied in such
state.

 

Remainder
of Page Intentionally Omitted; Signature Pages to Follow

 

    	 	 	 

    	 

    

 

IN
WITNESS WHEREOF, with the intent to be legally bound hereby, the parties have executed this Amendment as of the date first
written above.

 

	 	BLUE
    STAR FOODS CORP.
	 	 	 
	 	By:	 /s/ John
    Keeler 
	 	Name:	John
    Keeler
	 	Title:	Chairman
    & CEO
	 	 	 
	 	KENAR
    OVERSEAS CORP
	 	 	 
	 	By:	 /s/
    Marcos Hermani 
	 	Name:	 Marcos
    Hermani 
	 	Title:	 Director 

 

Agreed
and Acknowledged only with

respect
to Section 4 above:

 

	 /s/
    John Keeler 	 
	John
    Keeler

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00309-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00309-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00309-of-00352.parquet"}]]