Tiger Reef, Inc. (OTCPK:TGRR) announced that it has entered into a securities purchase agreement for private placement of a $110,000 convertible promissory note for $103,500 with new investor, Crown Bridge Partners, LLC and a 10% $42,500 convertible promissory note for $40,000 with new investor, EMA Financial, LLC for aggregate gross proceeds of $143,500 on April 3, 2017. The note being issued to EMA Financial, LLC will mature on April 3, 2018 and note being issued to Crown Bridge Partners, LLC will matures 365 days after each tranche financing. The note being issued to Crown Bridge Partners, LLC will carry fixed interest rate of 12% per annum and note being issued to EMA Financial, LLC will bear interest at a fixed rate of 10% per annum. The notes may be repaid at any time during the first six months of each tranche at a rate of 135% of the unpaid principal amount during the first 90 days and 150% of the unpaid principal amount between days 91 and 180 and is convertible into common shares of the company at a price per share equal to 55% of the lowest daily closing bid with a 15 day look back immediately preceding and including the date of conversion. In connection with the note being issued to Crown Bridge Partners, LLC, the company may prepay any amount outstanding under each respective tranche of the note, during the initial 90 day period after the holder’s funding of the respective tranche, by making a payment to the holder of an amount in cash equal to 135% multiplied the amount that the company is prepaying, subject to the holder’s prior written acceptance. The company may prepay any amount outstanding under each respective tranche of this note, during the 91st through 180 day period after the holder’s funding of the respective tranche, by making a payment to the holder of an amount in cash equal to 150% multiplied the amount that the company is prepaying. The company may not prepay any amount outstanding under each respective tranche of this note after the 180th day after the holder’s funding of the respective tranche. In connection with the note being issued to EMA Financial, LLC, the company may prepay the note at any time during the period beginning on the issue date and ending on the date which is six months following the issue date. The company shall have the right, exercisable on not less than five trading days prior written notice to the holder of the note, to prepay the outstanding balance on the note in full.