On November 26, 2019, John Keeler & Co. Inc., a Florida corporation (the "Purchaser"), and wholly-owned direct
subsidiary of Blue Star Foods Corp. (the "Company"), entered into an Agreement and Plan of Merger and
Reorganization (the "Merger Agreement") with Coastal Pride Company Inc., a South Carolina corporation ("Coastal Pride"), Coastal Pride Seafood, LLC, a Florida limited liability company and newly-formed, wholly-owned subsidiary of the Purchaser (the "Acquisition Subsidiary" and, upon the effective date of the Merger, the
"Surviving Company), and The Walter F. Lubkin, Jr. Irrevocable Trust dated 1/8/03 (the "Trust"), Walter F.
Lubkin III ("Lubkin III"), Tracy Lubkin Greco ("Greco") and John C. Lubkin ("Lubkin"), constituting all of the
shareholders of Coastal Pride immediately prior to the Merger (collectively, the "Sellers"). Pursuant to the
terms of the Merger Agreement, Coastal Pride merged with and into the Acquisition Subsidiary, with the
Acquisition Subsidiary being the surviving company (the "Merger"). In connection with the Merger, Lubkin III and Greco agreed to serve as president and chief financial officer, respectively, of the Surviving Company.