Exhibit 10.2





SEPARATION
AGREEMENT


This
Separation Agreement between Ozop Surgical Corp, a Nevada corporation with its principal office at 319 Clematis Street, Suite
714, West Palm Beach, FL 33401 (hereinafter referred to as “OZOP” or the Company” and Salman J. Chaudhry (hereinafter
referred to as “Chaudhry”). References to OZOP and the Company include any and all subsidiaries and predecessor companies.


RECITALS


		A.	Chaudhry
                                         has been an independent contractor of OZOP since January 2017 and currently hold the
                                         job title of Chief Commercial Officer, International (“CCO”) and is the Secretary
                                         and Member of the Company’s Board of Directors (the “Board”).



 


		B.	During
                                         the period January 2017 – end December 2018, Mr. Chaudhry accrued compensation
                                         at the monthly rate of $10,000 per month resulting in total compensation of $240,000,
                                         of which the amount of $227,200.61 is outstanding (hereinafter referred to as “Outstanding
                                         Fees”).



 


		C.	Due to
                                         personal reasons not related to any Company policy or actions, Mr. Chaudhry is immediately
                                         resigning from his position as CCO and Secretary of the Company and as a member of the
                                         Board and all positions of OZOP.



 


		D.	Based
                                         on recent discussions with investors, OZOP in the process of raising funds through the
                                         closing of an equity round which is expected to occur on or around 22 March 2019. For
                                         the avoidance of doubt, this clause D shall include any funds raised in excess of $500,000
                                         regardless of source and/or instrument type i.e. equity and/or debt subsequent to the
                                         date of this Agreement (hereinafter referred to as the “Funding”).



 


		E.	First
                                         Payment: Within 72 hours of receipt of first funds from the Funding, OZOP will pay Chaudhry
                                         the sum of $170,401 of the Outstanding Fees.



 


		F.	Other
                                         Fundings. In the event OZOP raises any funds less than $500,000 through any debt or equity
                                         financings (“Other Fundings”) prior to the Funding, OZOP will pay Chaudhry
                                         10% of the proceeds received by OZOP from the Other Fundings within 72 hours of the receipt
                                         of Other Fundings. Payments made to Chaudhry from Other Fundings reduces the balance
                                         due on the first payment of $170,401.



 


		G.	Second
                                         Payment: Within three months from the date of the First Payment, OZOP will pay Chaudhry
                                         the residual sum of $56,799.61 of the Outstanding Fees.



 


		H.	Other
                                         than the above there are no disputes, with respect to Mr. Chaudhry’s relationship
                                         as an independent contractor with OZOP and the termination of that relationship as set
                                         out in this Agreement.



 


AGREEMENT


NOW,
THEREFORE, in consideration of the mutual promises, covenants, and agreements set forth herein, the parties mutually agree as
follows:


		1.	Effective
                                         Date. This Agreement is effective on the latest signature date below.



 


		2.	Method
                                         of payment of Outstanding Fees. The Company will pay Mr. Chaudhry the Outstanding
                                         Fees through bank transfers to the following bank account:



 


Account
Name: Salman Javed Chaudhry


Bank
Name: JPMorgan Chase Bank NA


Account
No.: 288630632


Routing
Number: 322271627


 


		3.	Release
                                         of Claims by Chaudhry. Upon receipt of the Outstanding Dues, Chaudhry hereby unconditionally
                                         releases and discharges OZOP, its successors, assigns, agent, directors, officers, employees,
                                         representatives from any and all claims, demands, charges, damages, relating to Mr. Chaudhry’s
                                         period as an independent contractor. Furthermore, Chaudhry specifically waives any and
                                         all claims for back pay, front pay for his services except as set forth herein. The receipt
                                         of the Outstanding Fees will result in automatic termination of any further claims for
                                         compensation under any application laws or statutes existing in the United States. Nothing
                                         contained herein shall release the Company from its obligations set forth in this Agreement.
                                         This release and waiver of claims by Chaudhry covers, but is not limited to, all claims
                                         for misrepresentation, fraud, breach of implied or express contract, breach of implied
                                         covenant of good faith and fair dealing, defamation, and interference with economic relations.
                                         This release and waiver of claims by Chaudhry releases and waives all claims against
                                         Ozop which may accrue as of the date of this Agreement.



 


		4.	Release
                                         of Claims by OZOP. OZOP, for itself, its heirs, assigns and representatives, hereby
                                         releases and waives all claims it has or may have, whether known, unknown, actual, potential
                                         or contingent, against Chaudhry, including any of his agents and representatives, in
                                         any way arising out of or relating to Chaudhry's independent contractor relationship
                                         with OZOP and the termination of Chaudhry's independent contractor relationship with
                                         OZOP. This release and waiver of claims by OZOP covers, but is not limited to, all claims
                                         for misrepresentation, fraud, breach of implied or express contract, breach of implied
                                         covenant of good faith and fair dealing, defamation, and interference with economic relations.
                                         This release and waiver of claims by OZOP releases and waives all claims against Chaudhry
                                         which may accrue as of the date of this Agreement.



 


		5.	Amendment.
                                         This Agreement may not be supplemented, amended, or modified except through a new written
                                         agreement signed by both parties.



 


		6.	No
                                         Assignment of Claims. Chaudhry represents and warrants that he has not previously
                                         assigned or transferred, or attempted to assign or transfer, to any third party, any
                                         of the Claims waived and released herein.



 


		7.	Confidential
                                         Information. As a further material inducement to OZOP to enter into this Agreement,
                                         Chaudhry agrees that he will not divulge the following information or types of information
                                         to anyone without the prior written consent of OZOP which will not be unreasonably withheld:
                                         trade secrets, salaries, financial information, franchise information, marketing information,
                                         pricing, products, product lists, product information, sales information, personal employee
                                         information, or any other information of a similar confidential, sensitive or competitive
                                         nature. Chaudhry acknowledges that he has previously signed a confidentiality agreement
                                         with OZOP that remains in effect and under which he continues to be obliged to not disclose
                                         or make use of confidential or proprietary company information.



 


		8.	No
                                         disparagement. Chaudhry agrees not to damage, disparage or criticize, orally or in
                                         writing, OZOP, its officers, executives, management or operations to any third person
                                         or entity. OZOP agrees, through its executives and officers, not to damage, disparage
                                         or criticize, orally or in writing, Chaudhry to any third person or entity.



 


		9.	Entire
                                         Agreement. This Agreement contains the entire agreement and understanding of OZOP
                                         and Chaudhry concerning the subject matter hereof and this Agreement supersedes and replaces
                                         all prior negotiations, proposed agreements, agreements or representations whether written
                                         or oral. OZOP and Chaudhry agree and acknowledge that neither OZOP nor Chaudhry, including
                                         any agent or attorney of either, has made any representation, guarantee or promise whatsoever
                                         not contained in this Agreement to induce the other to execute this Agreement, and neither
                                         party is relying on any representations, guarantee, or promise not contained in this
                                         Agreement in entering into this Agreement.



 


		10.	Governing
                                         Law. This Agreement shall be governed by and construed in accordance with the laws
                                         of the State of California.



 


		11.	Submission
                                         to Jurisdiction. Chaudhry and OZOP each submits to the jurisdiction of any state
                                         or federal court sitting in the State of California in any action or proceeding arising
                                         out of or relating to this Agreement, and each party agrees that all claims of whatever
                                         type relating to or arising out of this Agreement may be heard and determined only in
                                         a state or federal court sitting in the State of California. Chaudhry and OZOP each waives
                                         any defense of inconvenient forum to the maintenance of any action or proceeding so brought,
                                         and waives any bond, surety, or other security that might be required of any other party
                                         with respect thereto. Chaudhry and OZOP each agrees that if any action or proceeding
                                         relating to or arising out of this Agreement is brought in any other court or forum other
                                         than a state or federal court sitting in the State of California, the action or proceeding
                                         shall be dismissed with prejudice and the party bringing the action or proceeding shall
                                         pay the other party's legal fees and costs.



 


		12.	Consultation
                                         with Attorney. Chaudhry understands and acknowledges that OZOP has advised Chaudhry
                                         to consult with an attorney of Chaudhry's choice prior to signing this Agreement.



 


		13.	Right
                                         of Revocation. Chaudhry acknowledges that OZOP advised Chaudhry of Chaudhry’s
                                         right to consider the terms of this Agreement for 21 days after its delivery, and Chaudhry,
                                         after consulting counsel, hereby irrevocably waives that right.



 


		14.	Revocation
                                         Period. Pursuant to federal law, this Agreement is revocable by Chaudhry for seven
                                         days following Chaudhry’s execution of the Agreement ("Revocation Period").
                                         To be effective, such revocation must be in writing signed by Chaudhry and must be delivered
                                         to the Chief Executive Officer before 11 :59 p.m., on the last day of the Revocation
                                         Period. If an effective revocation is delivered in the foregoing manner and timeframe,
                                         this Agreement shall be of no force or effect and shall be null and void ab initio. Chaudhry
                                         understands that if Chaudhry revokes this Agreement, Chaudhry will lose all benefits
                                         of this Agreement. The promises of OZOP in this Agreement will go into effect only if
                                         Chaudhry has not revoked the Agreement within the Revocation Period.



 


		15.	Default.
                                         In the event OZOP defaults in either or both of its payment obligations after the Funding,
                                         OZOP shall deemed to be in default and additional interest at the rate of 15% per annum
                                         of the amount in default, shall accrue from the date of default. Upon such default, Chaudhry
                                         shall be entitled to receive from OZOP all costs of collection, including without limitation,
                                         attorneys’ fees and disbursements, and full costs of any legal action undertaken
                                         by Chaudhry. Furthermore, Chaudhry will no longer be bound per the terms of this Agreement
                                         until such time the default has been cured.



 


		16.	Miscellaneous.



 


		16.1.	If
                                         either party initiates proceedings for the other’s breach of this Agreement, the
                                         prevailing party shall recover attorneys' fees and costs, including such fees and costs
                                         on any enforcement or appeal proceedings.



 


		16.2.	If
                                         one or more paragraphs of this Agreement are ruled invalid or unenforceable, such invalidity
                                         or unenforceability shall not affect any other provision of the Agreement, which shall
                                         remain in full force and effect.



 


		16.3.	This
                                         Agreement may be modified only by a writing signed by both parties.



 


		16.4.	This
                                         Agreement may be executed in two counterparts, each of which shall constitute an original,
                                         but all of which together shall constitute one and the same document.



 


IN
WITNESS WHEREOF, the parties have executed this Agreement on the dates indicated below by each of their signatures, to be effective
for all purposes as of the date of the latest signature below.


 


	OZOP SURGICAL CORP.	 	SALMAN J. CHAUDHRY
	 	 	 
	By:
                                         /s/ Michael Chermak	 	/s/
                           Salman Chaudhry 

	Its: Chief Executive Officer	 	 
	 	 	 
	Date: March 4, 2019	 	Date: March 4, 2019