Blue Water Global Group, Inc. (OTCBB:BLUU) announced that it has entered into a securities purchase agreement with existing accredited investor, Auctus Private Equity Fund, LLC, a fund managed by Auctus Private Equity Management, Inc. for a private placement of a convertible promissory note for gross proceeds of $56,500 and with new accredited investor, Vis Vires Group, Inc. for a private placement of a convertible promissory note for gross proceeds of $79,000 for aggregate gross proceeds of $135,500 on May 8, 2015. The note to be issued to Auctus Private Equity Management, Inc. will bear interest at the fixed rate of 8% per annum and will mature on February 8, 2016. The note may be pre-paid in whole or in part at any time until 180 from issue date, beginning at 125% 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.

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 55% of the average of the lowest two closing bid prices for the company's common share during the 25 trading days prior to the conversion date. Auctus Private Equity Management, Inc. will not acquire more than 4.99% stake in the company on conversion of the note. The note to be issued to Vis Vires Group, Inc. will bear interest at the fixed rate of 8% per annum and will mature on February 9, 2016.

The note may be pre-paid in whole or in part at any time until 180 days 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 until the maturity date. The note will be convertible into common shares of the company after 180 days from issuance at the option of the investor at a 42% 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 10 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 pay Auctus Private Equity Management, Inc. advance fees of $3,500. The company will reimburse Vis Vires Group, Inc. up to $4,000 for its expenses in connection with the transaction.