On July 27, 2015 Blue Water received a Notice of Conversion in the amount of $5,000 and issued 497,451 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.01045 a share pursuant to the Union Capital, LLC convertible note described in detail the Form 8-K filed with the SEC on January 29, 2015.
The remaining principal balance on this note is $45,000.00.
Adar Bays, LLC (Note 2)
On July 21, 2015 Blue Water received a Notice of Conversion in the amount of $10,000 and issued 909,091 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.011 a share pursuant to the Adar Bays, LLC convertible note described in detail the Form 8-K filed with the SEC on December 23, 2014.
The remaining principal balance on this note is $14,426.16.
As of July 28, 2015, Blue Water had 126,012,706 shares of its common stock issued and outstanding.
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