Blue Water Global Group, Inc. (OTCBB:BLUU) announced a private placement of a convertible promissory note with an existing accredited investor, JSJ Investments Inc. for gross proceeds of $95,000 on May 12, 2015. The investor signed an agreement with the investor. The note has a face value of $100,000 and has been issued at a discount of $5,000.

The note will carry fixed interest rate of 12% and will mature on November 12, 2015. The note may be prepaid in whole or in part, at any time beginning at 140% of the outstanding principal and accrued interest during the first 90 days, 150% between days 91 and 180 after the closing date. After 180 days from the closing date until the maturity date the note may be prepaid at 150% of the outstanding principal and accrued interest with the permission of the investor.

The note is convertible into the common shares of the company at investor's option, at the lesser of 50% of the lowest trade occurring during 20 consecutive trading day immediately preceding the applicable conversion date or 50% of the lowest trade occurring during 20 consecutive trading days immediately preceding the closing date.