HyperBlock Inc. — AGM Information 2020

May 16, 2020

CLEARWATER SEAFOODS INCORPORATED 757 Bedford Highway Bedford, Nova Scotia B4A 3Z7

NOTICE OF ANNUAL MEETING

NOTICE IS HEREBY GIVEN THAT:

The annual meeting (" Meeting ") of the shareholders of Clearwater Seafoods Incorporated (" Clearwater " or the " Corporation ") will be held at 757 Bedford Highway, Bedford, Nova Scotia, on Tuesday, June 23, 2020 at 10:00 a.m. (Atlantic time) to:

• a) receive the financial statements of the Corporation for the year ended December 31, 2019, together with the report of the auditor thereon;

• b) elect directors of the Corporation for the forthcoming year;

• c) appoint the auditor of the Corporation for the forthcoming year and to authorize the directors to fix the auditor's remuneration; and

• d) transact such further and other business as may properly come before the Meeting or any adjournment thereof.

Details of the matters proposed to be put before the Meeting are set forth in the management information circular (" Circular ") accompanying and forming part of this notice of meeting (" Notice of Meeting ").

Only shareholders of record as of the close of business on May 8, 2020 are entitled to receive notice of the Meeting and to vote at the Meeting.

To assure your representation at the Meeting as a Registered Shareholder , please complete, sign, date and return the enclosed proxy, whether or not you plan to personally attend. Sending your proxy will not prevent you from voting in person at the Meeting. All proxies completed by Registered Shareholders must be received by the Corporation's transfer agent, Computershare Investor Services Inc. , not later than Friday, June 19, 2020 at 10:00 a.m. (Atlantic time). A Registered Shareholder must return the completed proxy to Computershare Investor Services Inc., as follows:

• a) by mail in the enclosed envelope;

• b) by the internet or telephone as described on the enclosed proxy; or

• c) by registered mail , by hand or by courier to the attention of Computershare Proxy Department, 8[th] Floor, 100 University Avenue, Toronto, Ontario, M5J 2Y1.

Non-Registered Shareholders whose shares are registered in the name of an intermediary should carefully follow voting instructions provided by the intermediary. A more detailed description on returning proxies by Non-Registered Shareholders can be found on page 3 of the attached Circular.

If you receive more than one proxy or voting instruction form, as the case may be, for the Meeting, it is because your shares are registered in more than one name. To ensure that all of your shares are voted, you must sign and return all proxies and voting instruction forms that you receive.

In light of the ongoing public health concerns related to the COVID-19 outbreak and in order to comply with the measures imposed by the federal and provincial governments, the Corporation is encouraging shareholders and others not to attend the Meeting in person. Shareholders are urged to vote in advance of the Meeting by proxy or submitting their voting instructions. For more information on how to vote in advance of the Meeting, please refer to pages 3 and 4 of the Circular.

The Corporation is carefully monitoring the impact of the COVID-19 outbreak and may decide to modify the date, time or location of the Meeting in response to further developments. In the event we decide to modify the date, time or location of the Meeting, we will announce alternative arrangements for the meeting promptly via press release.

DATED at Bedford, in the Halifax Regional Municipality, Nova Scotia, this 13[th] day of May, 2020.

BY ORDER OF THE BOARD OF DIRECTORS

(signed) Colin MacDonald

Chairman