Blue Water Acquisition III amends working capital note to $750K; sponsor advances $250K

Blue Water Acquisition Corp. III

Amended and restated convertible promissory note issued Aug 11, 2026 to sponsor Yorkville BW Acquisition Sponsor, LLC.
Prior $500K note (Jan 26, 2026) replaced; additional $250K advance brings total principal to $750,000.
Note bears no interest; principal due at earlier of initial business combination or winding up.
Convertible at sponsor's option at $10.00/unit into max 75,000 New Units, identical to private placement units.
Issued under Section 4(a)(2) exemption; sponsor waives claims against trust account.

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