Blue Water Global Group, Inc. (OTCBB:BLUU) announced that it has entered into a securities purchase agreement with existing accredited investor, Vis Vires Group, Inc. for gross proceeds of $53,500 on June 16, 2015. The note will carry fixed interest rate of 8% and will mature on March 18, 2016. The note has a principle value of $79,000.

The note may be pre-paid in whole or in part at any time until 180 from issue date, beginning at 115% of the outstanding principal and accrued interest increasing by 5% 30 days after the closing date, 5% 60 days after the closing date, 5% 90 days after the closing date, and 5% 120 days after the closing date, 5% 150 days after the closing date. Any amount of principal or interest on this note which is not paid when due shall bear interest at the rate of 22% per annum from the due date thereof until the same is paid. The note will be convertible into common shares of the company at the option of the investor at a 45% discount to the market price, which is equal to 58% of the average of the lowest three closing bid prices for the company's common share during the ten trading days prior to the conversion date.

Vis Virus Group will not acquire more than 9.99% stake in the company on conversion of the note. The company issued securities pursuant to exemption provided under Regulation D. The company will reimburse the investor up to $3,500 for its expenses in connection with the transaction.