Blue Water Global Group, Inc. (OTCBB:BLUU) announced the signing of a definitive agreement for private placement of 1 8% convertible redeemable note at $50,000 per note for gross proceeds of $50,000 on January 26, 2015. The transaction includes participation from new accredited investor Union Capital, LLC. The note holds an interest payment of fixed 8% per annum commencing on January 26, 2015, which shall be paid by the company in common stock and will mature on January 26, 2016. The note is exchangeable for an equal aggregate principal amount of notes of different authorized denominations, as requested by the holder surrendering the same and is convertible any time after 180 days, to convert all or any amount of the principal face amount of the note then outstanding into shares of the company's common stock at a price equal to 55% of the lowest daily closing bid with a 20 day look back immediately preceding and including the date of conversion. There is no minimum conversion price. The company shall reimburse investor expenses, which shall be $2,500 in legal fees.

On January 26, 2015, Blue Water Global Group, Inc. closed the transaction.