Document:

Exhibit 10.1

 

AMENDMENT NUMBER 1

TO

CONVERTIBLE PROMISSORY NOTE

 

This Amendment No. 1 to
the Convertible Promissory Note (this "Amendment") is executed as of February 13, 2019 by OZOP SURGICAL CORP..,
a Nevada corporation (the “Maker”); and POWER UP LENDING GROUP LTD.,
a Virginia corporation ("Holder"), to amend the Convertible Promissory Note
dated October 19, 2018 in favor of Holder (the "Note").

 

The Maker and the Holder
desire to amend the Note and further agree as follows:

 

1.Capitalized Terms.Except
as expressly provided in this Amendment, all capitalized terms used in this Amendment have meanings ascribed to them in the Note
and those definitions are incorporated by reference into the Note.

 

2. Section 1.2 of the Note is hereby deleted
and replaced with the following:

 

“Conversion Price. The Conversion
Price shall be the lesser of: (i) the lowest Trading Price (as defined below) during the previous twenty (20) Trading Day period
ending on the last complete Trading Day prior to the Issue Date; and (ii) Variable Conversion Price (as defined herein) (subject
to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s
securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary
distributions and similar events) (also subject to adjustment as further described herein). The "Variable Conversion Price"
shall mean 65% multiplied by the Market Price (as defined herein) (representing a discount rate of 35%). “Market Price”
means the average of the three (3) lowest Trading Prices (as defined below) for the Common Stock during the twenty (20) Trading
Day period ending on the last complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security
as of any date, the closing bid price on the OTCQB, OTCQX, Pink Sheets electronic quotation system or applicable trading market
(the “OTC”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder
(i.e. Bloomberg) or, if the OTC is not the principal trading market for such security, the closing bid price of such security
on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of
such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such
security that are listed in the “pink sheets”(OTC markets). If the Trading Price cannot be calculated for such security
on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower
and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required
in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock
is tradable for any period on the OTC, or on the principal securities exchange or other securities market on which the Common
Stock is then being traded.

 

Holder shall be entitled to deduct $500.00 from the conversion amount in each Notice of Conversion
to cover Holder’s deposit fees associated with each Notice of Conversion “

 

3. Section 1.7 of the Note is hereby deleted
and replaced with the following:

 

“Prepayment. Notwithstanding
anything to the contrary contained in this Note, at any time during the periods set forth on the table immediately following this
paragraph (the “Prepayment Periods”), the Borrower shall have the right, exercisable on not more than three (3) Trading
Days prior written notice to the Holder of the Note to prepay the outstanding Note (principal and accrued interest), in full,
in accordance with this Section 1.7. Any notice of prepayment hereunder (an “Optional Prepayment Notice”) shall be
delivered to the Holder of the Note at its registered addresses and shall state: (1) that the Borrower is exercising its right
to prepay the Note, and (2) the date of prepayment which shall be not more than three (3) Trading Days from the date of the Optional
Prepayment Notice. On the date fixed for prepayment (the “Optional Prepayment Date”), the Borrower shall make payment
of the Optional Prepayment Amount (as defined below) to Holder, or upon the direction of the Holder as specified by the Holder
in a writing to the Borrower (which direction shall to be sent to Borrower by the Holder at least one (1) business day prior to
the Optional Prepayment Date). If the Borrower exercises its right to prepay the Note, the Borrower shall make payment to the
Holder of an amount in cash equal to the percentage (“Prepayment Percentage”) as set forth in the table immediately
following this paragraph opposite the applicable Prepayment Period, multiplied by the sum of: (w) the then outstanding principal
amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the Optional
Prepayment Date plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and (x) plus (z) any
amounts owed to the Holder pursuant to Section 1.4 hereof (the “Optional Prepayment Amount”). If the Borrower delivers
an Optional Prepayment Notice and fails to pay the Optional Prepayment Amount due to the Holder of the Note within two (2) business
days following the Optional Prepayment Date, the Borrower shall forever forfeit its right to prepay the Note pursuant to this
Section 1.7.

 

	Prepayment
    Period	Prepayment
    Percentage
	1. The
    period beginning on the Issue Date and ending on the date which is sixty (60) days following the Issue Date.	125%
	2. The
    period beginning on the date which is sixty-one (61) days following the Issue Date and ending on the date which is one hundred
    eighty (180) days following the Issue Date.	140%

 

After the expiration of
one hundred eighty (180) days following the Issue Date, the Borrower shall have no right of prepayment.”

 

4. Counterparts
and Electronic Means. This Amendment may be executed in any number of counterparts, each of which will be deemed to be an original
and all of which will together constitute one and the same instrument. Delivery of an executed copy of this Agreement by electronic
facsimile transmission or other means of electronic communication capable of producing a printed copy will be deemed to be execution
and delivery of this Agreement as of the day and year first written above.

 

5.Third Parties.Except as specifically
set forth or referred to herein, nothing herein express of implied is intended or shall be construed to confer upon or give to
any person other than the parties hereto and their permitted successors or assigns, any claims, rights, remedies under or by reason
of this Amendment.

 

6. Governing
Law. This Amendment shall be governed and construed in accordance with the laws of the State of Virginia applicable to agreements
made and to be performed entirely within such State and the federal laws of the United States of America, without regard to the
conflict of laws rules thereof.

    	 

    	 

    

IN WITNESS WHEREOF, the undersigned have executed this Amendment
as of the date set forth above.

 

OZOP SURGICAL CORP.

 

By: _______________________________

Barry Hollander

Chief Financial Officer

 

POWER UP LENDING GROUP LTD.

 

By: _______________________________

Curt Kramer

Chief Executive OfficerExhibit 10.2

 

AMENDMENT NUMBER 1

TO

CONVERTIBLE PROMISSORY NOTE

 

This Amendment No. 1 to
the Convertible Promissory Note (this "Amendment") is executed as of February 13, 2019 by OZOP SURGICAL CORP..,
a Nevada corporation (the “Maker”); and POWER UP LENDING GROUP LTD.,
a Virginia corporation ("Holder"), to amend the Convertible Promissory Note
dated December 5, 2018 in favor of Holder (the "Note").

 

The Maker and the Holder
desire to amend the Note and further agree as follows:

 

1.Capitalized Terms.Except
as expressly provided in this Amendment, all capitalized terms used in this Amendment have meanings ascribed to them in the Note
and those definitions are incorporated by reference into the Note.

 

2. Section 1.2 of the Note is hereby deleted
and replaced with the following:

 

“Conversion Price. The
Conversion Price shall be the lesser of: (i) the lowest Trading Price (as defined below) during the previous twenty (20) Trading
Day period ending on the last complete Trading Day prior to the Issue Date; and (ii) Variable Conversion Price (as defined herein)
(subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s
securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary
distributions and similar events) (also subject to adjustment as further described herein). The "Variable Conversion Price"
shall mean 65% multiplied by the Market Price (as defined herein) (representing a discount rate of 35%). “Market Price”
means the average of the three (3) lowest Trading Prices (as defined below) for the Common Stock during the twenty (20) Trading
Day period ending on the last complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security
as of any date, the closing bid price on the OTCQB, OTCQX, Pink Sheets electronic quotation system or applicable trading market
(the “OTC”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder
(i.e. Bloomberg) or, if the OTC is not the principal trading market for such security, the closing bid price of such security
on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of
such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such
security that are listed in the “pink sheets”(OTC markets). If the Trading Price cannot be calculated for such security
on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower
and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required
in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock
is tradable for any period on the OTC, or on the principal securities exchange or other securities market on which the Common
Stock is then being traded.

 

Holder shall be entitled to deduct $500.00 from the conversion amount in each Notice of Conversion
to cover Holder’s deposit fees associated with each Notice of Conversion “

 

3. Section 1.7 of the Note is hereby deleted
and replaced with the following:

 

“Prepayment. Notwithstanding
anything to the contrary contained in this Note, at any time during the periods set forth on the table immediately following this
paragraph (the “Prepayment Periods”), the Borrower shall have the right, exercisable on not more than three (3) Trading
Days prior written notice to the Holder of the Note to prepay the outstanding Note (principal and accrued interest), in full,
in accordance with this Section 1.7. Any notice of prepayment hereunder (an “Optional Prepayment Notice”) shall be
delivered to the Holder of the Note at its registered addresses and shall state: (1) that the Borrower is exercising its right
to prepay the Note, and (2) the date of prepayment which shall be not more than three (3) Trading Days from the date of the Optional
Prepayment Notice. On the date fixed for prepayment (the “Optional Prepayment Date”), the Borrower shall make payment
of the Optional Prepayment Amount (as defined below) to Holder, or upon the direction of the Holder as specified by the Holder
in a writing to the Borrower (which direction shall to be sent to Borrower by the Holder at least one (1) business day prior to
the Optional Prepayment Date). If the Borrower exercises its right to prepay the Note, the Borrower shall make payment to the
Holder of an amount in cash equal to the percentage (“Prepayment Percentage”) as set forth in the table immediately
following this paragraph opposite the applicable Prepayment Period, multiplied by the sum of: (w) the then outstanding principal
amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the Optional
Prepayment Date plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and (x) plus (z) any
amounts owed to the Holder pursuant to Section 1.4 hereof (the “Optional Prepayment Amount”). If the Borrower delivers
an Optional Prepayment Notice and fails to pay the Optional Prepayment Amount due to the Holder of the Note within two (2) business
days following the Optional Prepayment Date, the Borrower shall forever forfeit its right to prepay the Note pursuant to this
Section 1.7.

 

	Prepayment
    Period	Prepayment
    Percentage
	1. The
    period beginning on the Issue Date and ending on the date which is sixty (60) days following the Issue Date.	125%
	2. The
    period beginning on the date which is sixty-one (61) days following the Issue Date and ending on the date which is one hundred
    eighty (180) days following the Issue Date.	140%

 

After the expiration of
one hundred eighty (180) days following the Issue Date, the Borrower shall have no right of prepayment.”

 

4. Counterparts
and Electronic Means. This Amendment may be executed in any number of counterparts, each of which will be deemed to be an original
and all of which will together constitute one and the same instrument. Delivery of an executed copy of this Agreement by electronic
facsimile transmission or other means of electronic communication capable of producing a printed copy will be deemed to be execution
and delivery of this Agreement as of the day and year first written above.

 

5.Third Parties.Except as specifically
set forth or referred to herein, nothing herein express of implied is intended or shall be construed to confer upon or give to
any person other than the parties hereto and their permitted successors or assigns, any claims, rights, remedies under or by reason
of this Amendment.

 

6. Governing
Law. This Amendment shall be governed and construed in accordance with the laws of the State of Virginia applicable to agreements
made and to be performed entirely within such State and the federal laws of the United States of America, without regard to the
conflict of laws rules thereof.

    	 

    	 

    

IN WITNESS WHEREOF, the undersigned have executed this Amendment
as of the date set forth above.

 

OZOP SURGICAL CORP.

 

By: _______________________________

Barry Hollander

Chief Financial Officer

 

POWER UP LENDING GROUP LTD.

 

By:________________________________

Curt Kramer

Chief Executive Officer

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