Document:

Exhibit 4.19

  

  

  

  
    THIRD AMENDMENT TO CREDIT AND GUARANTY AGREEMENT, dated as of December 12, 2019 (this “Amendment”), among (i) Atlantica Yield PLC, as borrower (the “Borrower”)
          under the Credit and Guaranty Agreement, dated as of May 10, 2018 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Guarantors, the L/C Issuers, the Lenders and the Administrative Agent (each as defined below), (ii) the guarantors party to the Credit Agreement (the “Guarantors”), (iii) Royal Bank of Canada and Canadian Imperial Bank of Commerce, London Branch, as L/C Issuers (the “L/C Issuers”), (iv) the lenders party to the Credit Agreement (the “Lenders”) and (v) Royal Bank of Canada, as administrative agent for
          the Lenders (in such capacity, the “Administrative Agent”).

    

    

    WHEREAS, the Borrower has requested the Administrative Agent and the Lenders to amend certain provisions of the
        Credit Agreement, and the Lenders are willing to accept such request upon the terms and subject to the conditions set forth herein.

    

    

    NOW THEREFORE, in consideration of the premises and the agreements, provisions and covenants set forth herein, the parties hereto agree as follows:

    

    

    ARTICLE I

     

    RATIFICATION; DEFINITIONS AND RULES OF CONSTRUCTION

    

    

    Section 1.1          Relation to Credit Agreement; Ratification.  This Amendment is entered into in accordance with Section 11.01
        of the Credit Agreement and constitutes an integral part of the Credit Agreement.  Except as amended by this Amendment, the provisions of the Credit Agreement are in all respects ratified and confirmed and shall remain in full force and effect.

    

    

    Section 1.2          Definitions.  Unless otherwise defined herein, terms defined in the Credit Agreement (as amended by this Amendment)
        are used herein as therein defined, and the rules of interpretation set forth in Section 1.02 of the Credit Agreement shall apply mutatis mutandis to this Amendment.

    

    

    ARTICLE II

     

    AMENDMENT TO CREDIT AGREEMENT

    

    

    Section 2.1          Amendment to Credit Agreement.  The parties hereto hereby agree that, effective as of the Amendment No. 3 Effective
        Date (as defined below),

     

    (a)          Section 1.01 of the Credit Agreement is hereby amended by,

     

    (i)          adding the definition of the following terms in the corresponding alphabetical order:

     

    
      

      
        

      

    

    
    ““Amendment No. 3 Effective Date” shall have the meaning
        ascribed to such term in the Third Amendment to Credit and Guaranty Agreement.”

     

    ““Secured Leverage Ratio” means, as of any date of determination, without duplication, the ratio of (a) Indebtedness of the Borrower and its Subsidiaries, (other than Non-Recourse Subsidiaries) secured by the Collateral, as of such date to (b) CAFD for the most recently completed Measurement Period. For purposes of this definition, (i) in the event that the Borrower or any of its
        Subsidiaries incurs, assumes, guarantees, redeems, repays, retires or extinguishes any Indebtedness secured by the Collateral (other than Indebtedness secured by the Collateral incurred or repaid under any revolving credit facility unless such
        Indebtedness has been permanently repaid and has not been replaced) subsequent to the commencement of the period for which the Secured Leverage Ratio is being calculated but prior to or simultaneously with the event for which the calculation of the
        Secured Leverage Ratio is made (the “Secured Leverage Ratio Calculation Date”), then the Secured Leverage Ratio shall be calculated giving pro forma effect to
        such incurrence, assumption, guarantee, redemption, repayment, retirement or extinguishment of Indebtedness secured by the Collateral, as if the same had occurred at the beginning of the applicable four-quarter period; provided that for purposes of
        making the computation referred to above, Investments, acquisitions, Dispositions, mergers, amalgamations, consolidations and discontinued operations (as determined in accordance with IFRS) that have been made by the Borrower or any of its
        Subsidiaries during the Measurement Period or subsequent to such Measurement Period and on or prior to or simultaneously with the Secured Leverage Ratio Calculation Date shall be calculated on a pro forma basis assuming that all such Investments,
        acquisitions, Dispositions, mergers, amalgamations, consolidations and discontinued operations (and the change in any associated fixed charge obligations and the change in CAFD resulting therefrom) had occurred on the first day of the Measurement
        Period; provided further that if since the beginning of such period any Person that subsequently became a Subsidiary of the Borrower or was merged with or into the Borrower or any of its Subsidiaries since the beginning of such period shall have
        made any Investment, acquisition, Disposition, merger, amalgamation, consolidation or discontinued operation that would have required adjustment pursuant to this definition, then the Secured Leverage Ratio shall be calculated giving pro forma
        effect thereto for such period as if such Investment, acquisition, Disposition, merger, amalgamation, consolidation or discontinued operation had occurred at the beginning of the applicable Measurement Period, (ii) whenever pro forma effect is to
        be given to an Investment, acquisition, Disposition, merger, amalgamation, consolidation or discontinued operation, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Borrower and shall
        comply with the requirements of Rule 11-02 of Regulation S-X promulgated by the U.S. Securities and Exchange Commission, except that such pro forma calculations may include
        operating expense reductions for such period resulting from the acquisition which is being given pro forma effect that has been realized or for which the steps necessary for realization have been taken or are reasonably expected to be taken within
        six (6) months following any such acquisition, including the execution or termination of any contracts, the termination of any personnel or the closing (or approval by the board of directors of the Borrower on any closing) of any facility, as
        applicable, provided that, in either case, such adjustments are set forth in an Officer’s Certificate signed by the Borrower’s chief financial officer and another

     

    
      

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    Responsible Officer which states (A)

          the amount of such adjustment or adjustments, (B) that such adjustment or adjustments are based on the reasonable good faith beliefs of the officers executing such Officer’s
          Certificate at the time of such execution and (C) that any related incurrence of Indebtedness secured by the Collateral is permitted pursuant to this Agreement, and (iii) if
          any Indebtedness secured by the Collateral bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness secured by the Collateral shall be calculated as if the rate in effect on the Secured Leverage
          Ratio Calculation Date had been the applicable rate for the entire period (taking into account any Swap Contract applicable to such Indebtedness); provided that for purposes of making the computation referred to above, interest on any
          Indebtedness secured by the Collateral under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period except as set forth in the first
          paragraph of this definition.”

     

    (ii)          replacing the definition of the term “CAFD” with the following:

     

    “"CAFD" means, for any Measurement Period and without duplication, Distributed Cash received by
        the Borrower minus cash expenses of the Borrower (other than Debt Service Obligations and transaction costs), in each case during such Measurement Period.”

     

    (iii)          replacing the definition of the term “Distributed Cash” with the following:

     

    “"Distributed Cash" means cash and Cash Equivalents distributed, directly or indirectly, to the Borrower in respect of Investments in  any Person, in
      each case, held, directly or indirectly, by the Borrower (other than (x) dividends or other distributions that are funded, directly or indirectly, with substantially concurrent cash Investments, or cash Investments that were not intended to be used
      by such Person for capital expenditures or for operational purposes, by the Borrower or any of its Subsidiaries in such Person and (y) withholding Taxes and amounts subject to, or reasonably expected to be subject to repatriation requirements)
      consisting of:  (a) dividends; (b) capital redemptions; (c) interest or principal repayments in respect of Indebtedness provided directly or indirectly by the Borrower; and (d) the proceeds of any loan to the Borrower from a Subsidiary of the
      Borrower; provided that, (i) to the extent permitted by Non-Recourse Indebtedness arrangements to which such Subsidiary is a party, the payment obligation of the Borrower under such loan is subordinated to the prior payment in full of the
      Obligations and (ii) any repayment of such loan prior to the Maturity Date is immediately succeeded by (A) entering into a substantially similar arrangement for an equal or greater amount; (B) payment of a dividend in an equal or greater amount than
      such loan by the

     

    
      

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    lender to the Borrower or a Guarantor; or (C) redemption of capital stock of the lender and remittance of the proceeds of such redemption in an equal or
      greater amount as such loan.”

     

    (b)          Section 7.02(xix) of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with the following:

     

    “additional Indebtedness of the Loan Parties and their respective Subsidiaries; provided that (i) the Borrower shall be in compliance with the covenants set forth in Section 7.11 immediately prior to and after giving
        effect to the incurrence of such Indebtedness on a pro forma basis, and (ii) the aggregate amount of Indebtedness  that may be secured by the Collateral at any one time outstanding shall not exceed the
        greater of (x) $550,000,000 and (y) an amount such that, after giving effect to the incurrence thereof, the Borrower could incur not less than $1.00 of additional Indebtedness and maintain a Secured Leverage Ratio no greater than 3.50:1.00; and”

     

    (c)          Section 7.03(e) of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with the following:

     

    “(i)Investments constituting Indebtedness to the extent that the Borrower is in compliance with Section 7.02 at the time such Indebtedness is incurred and (ii) Investments in the form of Indebtedness provided by such Loan Party or such Subsidiary; and”

     

    (d)          Item I.B.1. of Schedule 1 of the Exhibit D of the Credit Agreement  is hereby amended by deleting it in its entirety and
        replacing it with the following:

     

    “Distributed Cash received by the Borrower (limited pursuant to the definition of “Distributed Cash” in the Agreement and after giving pro forma effect to Investments,
      Acquisitions, Dispositions, mergers, amalgamations, consolidations and discontinued operations pursuant to the definition of “Leverage Ratio” in the Agreement):”

     

    ARTICLE III

     

    CONDITIONS TO EFFECTIVENESS

    

    

    Section 3.1          Conditions to Effectiveness.  This Amendment shall become effective on the date hereof (the “Amendment No. 3
          Effective Date”)subject to the Administrative Agent having received a true, correct and complete copy of this Amendment, duly executed and delivered by a duly authorized officer of each party hereto .

     

      

    
      

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    ARTICLE IV

     

    REPRESENTATIONS AND WARRANTIES

    

    

    Section 4.1          Representations and Warranties.  Each Loan Party represents and warrants to the Secured Parties as of the Amendment
        No. 3 Effective Date, that:

    

    

    (a)          Authorization; No Contravention.  The execution, delivery and performance by each Loan Party of this Amendment has been
        duly authorized by all necessary corporate or other organizational action, and do not and will not: (i) contravene the terms of any of such Person's Organization Documents; (ii) conflict with or result in any breach or contravention of, or the
        creation of any Lien under, or require any payment to be made under (A) any Contractual Obligation to which such Person or any of its Subsidiaries is a party or affecting such Person or any of its Subsidiaries or the properties of such Person or
        any of its Subsidiaries or (B) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or any of its Subsidiaries or the properties of such Person or any of its Subsidiaries is subject; or (c)
        violate any Law.

    

    

    (b)          Binding Effect.  This Amendment has been duly executed and delivered by each Loan Party that is party hereto. Subject to
        the Legal Reservations, this Amendment constitutes a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms.

     

    ARTICLE V

     

    MISCELLANEOUS

    

    

    Section 5.1          Notices.  All notices, requests and other communications to any party hereto shall be given or served in the manner
        contemplated in Section 11.02 of the Credit Agreement.

    

    

    Section 5.2          No

          Waiver; Status of Loan Documents.  This Amendment shall not constitute an amendment, supplement or waiver of any provision of the Credit Agreement not expressly referred to herein and shall not be
        construed as an amendment, supplement, waiver or consent to any action on the part of any party hereto that would require an amendment, supplement, waiver or consent of the Lenders except as expressly stated herein. Except as expressly amended,
        supplemented or waived hereby, the provisions of the Credit Agreement are and shall remain in full force and effect.  No failure or delay on the part of the Lenders in the exercise of any power, right or privilege hereunder or under any other Loan
        Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or
        of any other power, right or privilege. All rights and remedies existing under this Amendment and the other Loan Documents are cumulative to, and not exclusive of, any rights or remedies available at equity or law.  Nothing in this Amendment shall
        constitute a novation of the Loan Parties’ obligations under the Credit Agreement or any other Loan Document.

    
      

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    Section 5.3          Amendment.  This Amendment may be amended, waived, discharged or terminated only by an instrument in writing signed
        by the party against which enforcement of such change, waiver, discharge or termination is sought.

    

    

    Section 5.4          Amendment Binding.  This Amendment shall be binding upon and inure to the benefit of and be enforceable by the
        parties hereto and the respective successors and permitted assigns of the parties hereto.

    

    

    Section 5.5          Headings.  Section headings used herein are for convenience of reference only, are not part of this Amendment and
        shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.

    

    

    Section 5.6          Governing Law.

    

    

    (a)          This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

    

    

    (b)          Each of the undersigned hereto agrees that any dispute relating to this Amendment shall be determined in accordance with Sections

          11.14 and 11.15 of the Credit Agreement and the provisions of said Sections 11.14 and 11.15 of the Credit Agreement are incorporated herein by reference.

    

    

    Section 5.7          Counterparts.  This Amendment may be executed in counterparts (and by different parties hereto in different
        counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Amendment by e-mail in portable document format
        (.pdf) or facsimile (with acknowledgment of receipt) will be effective as delivery of a manually executed counterpart of this Amendment.

    

    

    [Remainder of this page intentionally left blank]

     

    

    
      

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    Signature Page

    Amendment No. 3 to Credit and Guaranty Agreement

     

    

    
      
        IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed and delivered as of the day and year first above written.

         

          

        Yours truly,

         

          

      

      	
               

            	
              
                ATLANTICA YIELD PLC,

                as the Borrower

              

            	 
	
               

            	By:  

            	
              /s/ Santiago Seage 

            
	
               

            	Name:	
              Santiago Seage

              

            
	 	Title:	CEO

            

      

      

    

    
      	
               

            	By:	
              /s/ Francisco Martinez Davis 

            
	
               

            	Name:

            	
              Francisco Martinez Davis

              

            
	 	Title:	CFO

            

      

      

    

    
      
        	
                 

              	
                
                  ABY CONCESSIONS

                  INFRASTRUCTURES S.L.U.,

                  as a Guarantor

                

              	 
	
                 

              	By:  

              	
                /s/ David Esteban Guitard 

              
	
                 

              	Name:	
                David Esteban Guitard

                

              
	 	Title:	Authorized representative

              

        

        

      

      
        	
                 

              	By:	
                /s/ Carlos Colón Lasso de la Vega 

              
	
                 

              	Name:

              	
                Carlos Colón Lasso de la Vega 

              
	 	Title:	Authorized representative

        

        

      

    

    
      
        	
                 

              	
                
                  ABY CONCESSIONSPERU S.A.,

                  as a Guarantor

                

              	 
	
                 

              	By:  

              	
                /s/ Antonio Merino Ciudad 

              
	
                 

              	Name:	
                Antonio Merino Ciudad

                

              
	 	Title:	Authorized representative

        

        

      

      
        	
                 

              	By:	
                /s/ Gracia Candau Sanchez de Ybargüen 

              
	
                 

              	Name:

              	
                Gracia Candau Sanchez de Ybargüen 

              
	 	Title:	Authorized representative

        

        

      

      
        
          	
                   

                	
                  
                    ACT HOLDING, S.A. DE C.V.,

                    as a Guarantor

                  

                	 
	
                   

                	By:  

                	
                  
                    /s/ Carlos Colón Lasso de la Vega 

                  

                
	
                   

                	Name:	
                  
                    Carlos Colón Lasso de la Vega 

                  

                
	 	Title:	Authorized representative

          

          

        

        
          	
                   

                	By:	
                  /s/ Irene María Hernandez 

                
	
                   

                	Name:

                	
                  Irene María Hernandez

                  

                
	 	Title:	Authorized representative

          

          

        

      

      
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        Signature Page

        Amendment No. 3 to Credit and Guaranty Agreement

      

      
        
          
            
               

                

            

            	
                     

                  	
                    
                      ASHUSA INC.,

                      as a Guarantor

                    

                  	 
	
                     

                  	By:  

                  	
                    /s/ Emiliano García Sanz 

                  
	
                     

                  	Name:	
                    Emiliano García Sanz

                    

                  
	 	Title:	Authorized representative

            

            

          

          
            	
                     

                  	By:	
                    /s/ Enrique Guillen 

                  
	
                     

                  	Name:

                  	
                    Enrique Guillen

                    

                  
	 	Title:	Authorized representative

            

            

          

        

        
          
            
              	
                       

                    	
                      
                        ASUSHI INC.,

                        as a Guarantor

                      

                    	 
	
                       

                    	By:  

                    	
                      /s/ Emiliano García Sanz 

                    
	
                       

                    	Name:	
                      Emiliano García Sanz 

                    
	 	Title:	Authorized representative

              

              

            

            
              	
                       

                    	By:	
                      /s/ Enrique Guillen 

                    
	
                       

                    	Name:

                    	
                      Enrique Guillen 

                    
	 	Title:	Authorized representative

              

              

            

          

          
            
              
                	
                         

                      	
                        
                          ATLANTICA INVESTMENTS LIMITED

                           (f.k.a. Atlantica Yield South Africa Limited),

                          as a Guarantor

                        

                      	 
	
                         

                      	By:  

                      	
                        /s/ David Esteban Guitard 

                      
	
                         

                      	Name:	
                        David Esteban Guitard 

                      
	 	Title:	Authorized representative

                

                

              

              
                	
                         

                      	By:	
                        
                          /s/ Carlos Colón Lasso de la Vega 

                        

                      
	
                         

                      	Name:

                      	
                        
                          Carlos Colón Lasso de la Vega 

                        

                      
	 	Title:	Authorized representative

                

                

              

            

          

        

      

    

    
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      Signature Page

      Amendment No. 3 to Credit and Guaranty Agreement

    

    
      
        
           

            

        

        	
                 

              	
                
                  ROYAL BANK OF CANADA,

                  as Administrative Agent

                

              	 
	 	 	 
	
                 

              	By:  

              	
                /s/ Susan Khokher 

              
	
                 

              	Name:	
                Susan Khokher

                

              
	 	Title:	Manager, Agency

              

        

        

      

    

    
      9

      
        

      

    

    
      
        Signature Page

        Amendment No. 3 to Credit and Guaranty Agreement

      

      
        
          
            
               

                

            

            	
                     

                  	
                    
                      ROYAL BANK OF CANADA,

                      as Lender and L/C Issuer

                    

                  	 
	 	 	 
	
                     

                  	By:  

                  	
                    /s/ Justin Painter 

                  
	
                     

                  	Name:	
                    Justin Painter

                    

                  
	 	Title:	Authorized Signatory

                  

            

            

          

        

      

      
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          Signature Page

          Amendment No. 3 to Credit and Guaranty Agreement

        

        
          
            
              
                 

                  

              

              	
                       

                    	
                      
                        
                          CANADIAN IMPERIAL BANK OF COMMERCE,

                          LONDON BRANCH,

                          as Lender and L/C Issuer

                        

                      

                    	 
	 	 	 
	
                       

                    	By:  

                    	 /s/ Farhad Merali
	
                       

                    	Name:	
                      Farhad Merali

                      

                    
	 	Title:	Authorized Signatory

              

              

            

          

        

      

      
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        Signature Page

        Amendment No. 3 to Credit and Guaranty Agreement

      

      

      

      
        
          
            
              	
                       

                    	
                      
                        
                          
                            BANCO SANTANDER, S.A., NEW YORK 

                            BRANCH

                            as Lender

                          

                        

                      

                    	 
	 	 	 
	
                       

                    	By:  

                    	
                      /s/ Pablo Urgoiti 

                    
	
                       

                    	Name:	
                      Pablo Urgoiti

                      

                    
	 	Title:	Managing Director

                    

            

            

            

            
              	
                       

                    	By:  

                    	
                      /s/ Rita Walz-Cuccioli

                    
	
                       

                    	Name:	Rita Walz-Cuccioli

                    
	 	Title:	Executive Director

                    

            

            

            

            
              12

              
                

              

            

            
              
                
                  
                    Signature Page

                    Amendment No. 3 to Credit and Guaranty Agreement

                  

                  

                    
                      	

                            	JPMORGAN CHASE BANK, N.A.,

                            	 
	 	as Lender

                            	 
	
                               

                            	By:  

                            	
                              /s/ Amit Gaur 

                            
	
                               

                            	Name:	
                              Amit Gaur

                              

                            
	 	Title:	Vice President

                            

                      

                      

                    

                  

                

                

              

            

            
              13

              
                

              

            

            Signature Page

            
              Amendment No. 3 to Credit and Guaranty Agreement

            

          

        

      

       

        
          	
                   

                	
                  
                    
                      
                        
                          
                            MUFG BANK, LTD.,

                            as Lender

                          

                        

                      

                    

                  

                	 
	 	 	 
	
                   

                	By:  

                	
                  /s/ Nietzsche Rodricks 

                
	
                   

                	Name:	
                  Nietzsche Rodricks

                  

                
	 	Title:	Managing Director

                

        

        

        

        
          14

          
            

          

        

      

      Signature Page
      
        Amendment No. 3 to Credit and Guaranty Agreement

         

        

      

      
        	
                 

              	
                
                  
                    
                      
                        
                          
                            BANK OF AMERICA, N.A.,

                            as Lender

                          

                        

                      

                    

                  

                

              	 
	 	 	 
	
                 

              	By:  

              	
                /s/ Jennifer Cochrane 

              
	
                 

              	Name:	
                Jennifer Cochrane

                

              
	 	Title:	Vice President

              

        

        

      

      
        15

        
          

        

      

      
        
          Signature Page

          Amendment No. 3 to Credit and Guaranty Agreement

           

          

        

      

      
        
          	
                   

                	
                  
                    
                      
                        
                          
                            
                              BANK OF MONTREAL, LONDON BRANCH,

                              as Lender

                            

                          

                        

                      

                    

                  

                	 
	 	 	 
	
                   

                	By:  

                	
                  /s/ Scott Matthews 

                
	
                   

                	Name:	
                  Scott Matthews

                  

                
	 	Title:	MD

                

          

          

          
            	
                     

                  	By:  

                  	
                    /s/ Tom Woolgar

                  
	
                     

                  	Name:	
                    Tom Woolgar

                    

                  
	 	Title:	Managing Director, Corporate Banking

                  

          

          

          

          

          

        

        18Exhibit 10.1

 

BINDING
LETTER OF INTENT 

The
present document is a Binding Letter of Intent (“Binding LOI”) between Ozop Surgical Corp. a Nevada corporation having
its principle place of business at 319 Clematis Street, Suite 714, West Palm Beach FL 33401 (“Pubco), Power Conversion Technologies,
Inc. a Pennsylvania Corporation, whose principal place of business is located at Schreiber Industrial Park Bldg. 1, 90 Halstead
Blvd, Zelienople, PA 16063 (“PCTI”) and Catherine Chis, President of PCTI (“CC”), in her capacity as President
and sole shareholder of PCTI and residing in Pennsylvania, (Pubco, PCTI and CC referred to herein as Parties or Party), whereby
Pubco shall purchase all of the outstanding shares in PCTI (“Transaction”) under the following terms and conditions:

 

		1.	Whereas,
                                         there are currently 1,000 (One Thousand) shares of common stock, no par value, issued
                                         and outstanding in PCTI (“PCTI Common Stock”);

		2.	Whereas,
                                         CC is the sole lawful holder of 1,000 (One Thousand) shares of PCTI Common Stock representing
                                         100% ownership in PCTI (“PCTI Shares”).

		3.	Whereas
                                         Pubco wishes to purchase from CC and CC wishes to sell to Pubco, all of the PCTI Shares.

		4.	The
                                         Parties agree that Pubco shall purchase from CC all of the PCTI Shares (the “Transaction”)
                                         for an aggregate amount of shares and cash, the whole as set out in Section 7. below.

		5.	The
                                         Parties agree and undertake to enter into mutually agreeable definitive agreements (“Definitive
                                         Agreement”) and any other documents necessary for the closing of the Transaction
                                         (“Closing”), within 120 days of the date of the execution of this Binding
                                         LOI (“Closing Deadline”), such Closing occurring upon the following conditions:

		a.	The
                                         Closing shall be contingent upon:

		i.	Pubco
                                         being current in all of its financial filings; and

		b.	The
                                         Closing of the Transaction shall occur no later than the Closing Deadline, at the time
                                         of the Execution of the Definitive Agreement or at such other date as is practicable
                                         following the execution of the Definitive Agreement.

		6.	The
                                         Parties further undertake that prior to the Closing, each of Pubco and PCTI shall have
                                         obtained all requisite consents and approvals including, without limitation, board of
                                         director approval and shareholder consent, as are necessary for the approval of the Transaction,
                                         and the execution of all related documents including, without limitation, the Definitive
                                         Agreement.

		7.	The
                                         Definitive Agreement will incorporate the Parties’ understandings with respect
                                         to the terms of the Transaction, among other things, the following:

		a.	Pubco
                                         shall receive all of the PCTI Shares from CC. CC shall deliver to Pubco the respective
                                         certificates representing CC’s respective PCTI Shares upon execution of the Definitive
                                         Agreement or at such other date as shall be specified by the Parties.

		b.	In
                                         exchange for the PCTI Shares, Pubco shall issue the following (“Payment Shares”):

		i.	CC
                                         shall receive:

		a.	47,500
                                         (forty- seven thousand five hundred) shares of Series C (as defined in Section 9 (a)
                                         herein below); and

		b.	18,667
                                         (eighteen thousand six hundred sixty- seven) shares of Series D (as defined in Section
                                         9 (a) herein below).

		c.	500
                                         (five hundred) shares of Series E (as defined in Section 9 (a) herein below).

		c.	Pubco
                                         shall deliver the Payment Shares to CC upon execution of the Definitive Agreement or
                                         at such other date as shall be specified by the Parties;

		d.	In
                                         addition, Pubco shall pay an amount equal to $400,000 USD (four hundred thousand dollars
                                         US) (“Payment”) to PCTI in multiple tranches with an initial tranche or tranches
                                         totaling $100,000 USD within 90 days from the signing of this Binding LOI and with the
                                         total Payment amount being paid in full at the latest upon execution of the Definitive
                                         Agreement or at such other date as shall be specified by the Parties;

		8.	Pubco
                                         represents and warrants the following:

		a.	Other
                                         than for the undesignated authorized shares of Preferred Stock as stated in Pubco’s
                                         financial filings, Pubco has no other authorized or issued classes or series of shares
                                         other than the following:

		i.	Common
                                         Stock, of which 617,186 shares were issued and outstanding as of the date of this Binding
                                         LOI;

		ii.	Series
                                         C Preferred Stock which bears the preferences as set forth in Exhibit A
                                         attached hereto (“Series C Preferred Stock”);

		b.	Pursuant
                                         to the terms of this Binding LOI including but not limited to Section 9e. herein below,
                                         and other than for its Common Stock and remaining undesignated Preferred Stock, Pubco
                                         undertakes to take all necessary corporate actions to effect the following:

		i.	An
                                         amendment to its Series C Preferred Stock which shall bear the preferences as set forth
                                         in Exhibit B attached hereto (“Series C”), of which a total
                                         of 50,000 shares including the Payment Shares to be issued pursuant to Section 7b. herein
                                         above, shall be issued and outstanding at Closing,

		ii.	Designation
                                         of a Series D Preferred Stock bearing the preferences as set forth in Exhibit C
                                         attached hereto (“Series D”), of which a total of 20,000 shares including
                                         the Payment Shares to be issued herein, shall be issued and outstanding at Closing.

		iii.	Designation
                                         of a Series E Preferred Stock bearing the preferences as set forth in Exhibit D
                                         attached hereto (“Series E”), of which a total of 1,000 shares including
                                         the Payment Shares to be issued herein, shall be issued and outstanding at Closing.

		c.	Pubco
                                         further warrants that other than the changes pertaining to Series C and the designation
                                         of Series D and E, envisaged in this herein Section 9, no other series or classes of
                                         shares shall be created or designated and no amendments shall be made to any of the rights
                                         and preferences of any classes or series of shares existing at the time of execution
                                         of this Binding LOI.

		d.	It
                                         has the necessary consent, legal authority and power to enter into this Binding LOI and,
                                         shall at the time of execution of the Definitive Agreement have all necessary power to
                                         enter into same.

		e.	Each
                                         of Exhibits B, C and D representing the respective designations of the series of Preferred
                                         Stock pursuant to this Section 9, shall be filed by Pubco with the Secretary of State,
                                         no later than 10 business days prior to the Execution of the Definitive Agreement.

		f.	Pubco
                                         shall use its best efforts to reduce the overall debt of Pubco by up to $1,000,000.

		9.	PCTI
                                         represents and warrants the following:

		a.	PCTI
                                         has no other authorized or issued classes or series of shares other than 10,000 authorized
                                         Common Stock, of which 1,000 shares are currently issued and outstanding.

		b.	No
                                         changes shall have been made to the share capital of PCTI at the time of the consummation
                                         of the contemplated Transaction and Section 9a. herein above shall hold true as of such
                                         consummation.

		c.	It
                                         has the necessary consent, legal authority and power to enter into this Binding LOI and
                                         shall at the time of execution of the Definitive Agreement have all necessary power to
                                         enter into same.

		d.	Each
                                         of PCTI and/or CC shall not intentionally take any action that may adversely affect the
                                         financial performance and/or financial situation of PCTI;

		e.	From
                                         the Execution of this Binding LOI and until the execution of the Definitive Agreement,
                                         and as long as no breach has occurred pursuant to Section 10a. herein below, CC further
                                         undertakes and warrants that CC shall not:

		i.	sell,
                                         transfer, assign, offer, pledge, contract to sell, sell any option or contract to purchase,
                                         grant any option or right to purchase, or otherwise transfer, assign or dispose of, directly
                                         or indirectly, any of the assets of PCTI outside the normal scope of business and/or
                                         any portion of the PCTI Shares;

		ii.	enter
                                         into any swap or other arrangement that transfers or assigns to another person or entity,
                                         in whole or in part, any of the economic benefits, obligations or other consequences
                                         of any nature of ownership of any portion of the PCTI Shares;

		10.	The
                                         Parties acknowledge that the following shall be deemed a material breach of this Binding
                                         LOI:

		a.	A
                                         breach by any of PCTI and/or CC of any of their respective obligations under any of Sections
                                         6, 7a. and/or 9 and/or any subsections therein (“Sections”), shall result
                                         in irreparable damage to Pubco. In the event of any such breach, Pubco shall be entitled
                                         to:

		i.	An
                                         initial penalty equal to $500,000 USD (five hundred thousand dollars US) to be paid by
                                         CC and/or PCTI, in addition to specific performance and immediate injunctive and any
                                         and all other relief, by way of monetary damages or any other remedy in equity or at
                                         law against CC and/or PCTI, its affiliates and their respective officers, employees,
                                         agents, or other representatives;

		ii.	A
                                         reimbursement of any amounts of Payment made to PCTI; and

		iii.	A
                                         reimbursement of any and all fees incurred by Pubco pursuant to Section 15 herein below.

		b.	If
                                         any of the Parties make an assignment for the benefit of creditors or commence proceedings
                                         for its dissolution; apply for or consent to the appointment of a trustee, liquidator
                                         or receiver for its or for a substantial part of its property or business; file a petition
                                         for bankruptcy relief, consent to the filing of such petition or have filed against it
                                         an involuntary petition for bankruptcy relief, all under federal or state laws as applicable.

		11.	The
                                         Parties hereby acknowledge that PCTI shall have the right to immediately terminate this
                                         Binding LOI, upon any breach by Pubco of any of Sections 5, 5a., 6, 7b., 7c.,7d., 8b.,
                                         8c., 8d., 8e., or 13, upon which termination, the Parties agree that the Binding LOI
                                         shall no longer be binding unto the Parties herein, save for Sections 12, 14, 15 and
                                         16, which shall survive the termination of this Binding LOI. The Parties agree that either
                                         party shall have the right to immediately terminate this Binding LOI if the other Party
                                         shall be in breach of Section 10b. of this Binding LOI.

		12.	Other
                                         than what appears in the public domain, the Parties understand and agree that this Binding
                                         LOI, the terms of the Transaction and the negotiations thereof and any other information
                                         relating to the contemplated transactions herein, are confidential and shall not be disclosed
                                         to any third party, without the express written consent of the Parties.

		13.	The
                                         Parties agree that Pubco shall bear the cost of all required fees associated with the
                                         contemplated Transaction, including but not limited to legal and accounting fees, (excluding
                                         the audit of PCTI; which PCTI is 100% responsible for) regardless of whether or not the
                                         contemplated transactions herein are consummated.

		14.	The
                                         Parties agree that this Binding LOI shall be construed and governed by the laws of the
                                         State of Pennsylvania. Subject to Section 15 herein below, the Parties hereby agree to
                                         submit the resolution of any disputes or controversies relating hereto to the Courts
                                         of the State of Pennsylvania.

		15.	Notwithstanding
                                         the above, in the event of any disputes and/or controversies arising out of or relating
                                         to this Binding LOI and upon mutual written agreement by the Parties, the Parties shall
                                         submit any such disputes and/or controversies to binding arbitration in lieu of litigation,
                                         and upon any such submission, the Parties consent to the resolution thereof by such arbitration.

		16.	The
                                         Parties acknowledge the binding nature of this Binding LOI and agree to be bound by the
                                         terms of this Binding LOI. This Binding LOI may be signed in one or more counterparts,
                                         each of which so signed shall be deemed to be an original and such counterparts together
                                         shall constitute one and the same instrument.

 

[SIGNATURE
PAGE TO FOLLOW]

    	 	 	 

     

    

IN
WITNESS THEREOF, the Parties agree on the content of this Binding LOI and, as evidence thereof, have signed this Binding LOI
on this 28th day of February 2020.

 

	PCTI	Ozop Surgical Corp.
	 	 
	By: /s/ Catherine Chis	By: /s/Michael Chermak
	Catherine A. Chis	Michael Chermak
	President	Chief Executive Officer

    	 

    	 

    

 

EXHIBIT
A

AMENDED
AND RESTATED

CERTIFICATE
OF DESIGNATION OF PREFERENCES, 

RIGHTS
AND LIMITATIONS

OF

SERIES
C PREFERRED STOCK

FOR

OZOP
SURGICAL CORP.

(A
NEVADA CORPORATION)

 

 

Section
1. Definitions. For the purposes hereof, the following terms shall have the following meanings:

 

“Bankruptcy
Event” means any of the following events: (a) the Corporation or any Significant Subsidiary (as such term is defined
in Rule 1.02(s) of Regulation S-X) thereof commences a case or other proceeding under any bankruptcy, reorganization, arrangement,
adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the
Corporation or any Significant Subsidiary thereof; (b) there is commenced against the Corporation or any Significant Subsidiary
thereof any such case or proceeding that is not dismissed within 60 days after commencement; (c) the Corporation or any Significant
Subsidiary thereof is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding
is entered; (d) the Corporation or any Significant Subsidiary thereof suffers any appointment of any custodian or the like for
it or any substantial part of its property that is not discharged or stayed within 60 days; (e) the Corporation or any Significant
Subsidiary thereof makes a general assignment for the benefit of creditors; (f) the Corporation or any Significant Subsidiary
thereof calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts; or
(g) the Corporation or any Significant Subsidiary thereof, by any act or failure to act, expressly indicates its consent to, approval
of or acquiescence in any of the foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing.

 

“Commission”
means the Securities and Exchange Commission.

“Common
Stock" means the Corporation's common stock, par value $0.001 per share, and stock of any other class into which
such shares may hereafter have been reclassified or changed.

“Common
Stock Equivalents” means any securities of the Corporation or the Subsidiaries which would entitle the holder thereof
to acquire at any time Common Stock, including without limitation, any debt, preferred stock, rights, options, warrants or other
instrument that is at any time convertible into or exchangeable for, or otherwise entitles the holder thereof to receive, Common
Stock.

“Conversion
Date” shall have the meaning set forth in Section 6(a).

 

“Conversion
Ratio” shall have the meaning set forth in Section 6(a).

 

“Conversion
Shares” means, collectively, the shares of Common Stock into which the shares of Preferred Stock are convertible
in accordance with the terms hereof.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Holder”
shall have the meaning given such term in Section 2 hereof.

 

“Junior
Securities” means the Common Stock and all other equity or equity equivalent securities of the Corporation other
than those securities that are explicitly senior in rights or liquidation preference to the Preferred Stock.

 

“Original
Issue Date” shall mean the date of the first issuance of any shares of the Preferred Stock regardless of the number
of transfers of any particular shares of Preferred Stock and regardless of the number of certificates which may be issued to evidence
such Preferred Stock.

 

“Person”
means a corporation, an association, a partnership, a limited liability company, a business association, an individual, a government
or political subdivision thereof or a governmental agency.

 

“Preferred
Stock” shall have the meaning set forth in Section 2.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Subsidiary”
shall mean a corporation, limited liability company, partnership, joint venture or other business entity of which the Corporation
owns beneficially or of record more than 19% of the equity interest.

 

“Trading
Day” means a day on which the Common Stock is traded on a Trading Market.

“Trading
Market” means the following markets or exchanges on which the Common Stock is listed or quoted for trading on the
date in question: the Nasdaq SmallCap Market, the American Stock Exchange, the New York Stock Exchange, the Nasdaq National Market
or the OTC Bulletin Board.

Section
2. Designation, Amount and Par Value. The series of preferred stock shall be designated as the Corporation’s
Series C Preferred Stock (the “Preferred Stock”), and the number of shares so designated shall be fifty
thousand (50,000) shares, which shall not be subject to increase without the consent of all of the Holders of the Preferred Stock
(the “Holders). Each share of such Preferred Stock shall have a par value of $0.001 per share. Capitalized
terms not otherwise defined herein shall have the meaning given such terms in Section 1 hereof.

 

Section
3. Dividends and Other Distributions. When and as any dividend or distribution is declared or paid by the Corporation
on Common Stock, whether payable in cash, property, securities or rights to acquire securities, the Holders will be entitled to
participate with the holders of Common Stock in such dividend or distribution as set forth in this Section 3. At the time such
dividend or distribution is payable to the holders of Common Stock, the Corporation will pay to each Holder such holder’s
share of such dividend or distribution equal to the amount of the dividend or distribution per share of Common Stock payable at
such time multiplied by the number of shares of Common Stock the shares of Preferred Stock held by such holder are convertible
into pursuant to Section 6 herein.

 

Section
4. Voting Rights and Holder Approvals.

 

(a)
 Subject to the provision for adjustment hereinafter set forth, each share of Preferred
Stock shall entitle the holder thereof to have voting rights equal to two times the sum of all the number of shares of other classes
of Corporation capital stock eligible to vote on all matters submitted to a vote of the stockholders of the Corporation, divided
by the number of shares of Preferred Stock issued and outstanding at the time of voting. In the event the Corporation shall at
any time on or after the date that Preferred Stock has been issued (“Distribution Date”) declare or
pay any dividend on Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of
the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock)
into a greater or lesser number of shares of Common Stock, then in each such case the number of votes per share to which holders
of shares of Preferred Stock were entitled immediately prior to such event shall be adjusted by multiplying such number by a fraction
the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of
which is the number of shares of Common Stock that were outstanding immediately prior to such event.

 

(b)
 Except as otherwise provided herein, in the Articles of Incorporation, in any other
Certificate of Designations creating a series of preferred stock, or by law, the holders of shares of Preferred Stock and the
holders of shares of Common Stock and any other capital stock of the Corporation having general voting rights shall vote together
as one class on all matters submitted to a vote of stockholders of the Corporation.

(c)
In addition to any other rights provided by law, so long as any Preferred Stock is outstanding, the Corporation, without first
obtaining the affirmative vote or written consent of the holders of not less than a majority of such outstanding shares of Preferred
Stock, will not amend or repeal any provision of, or add any provision to, the Corporation’s amended Articles of Incorporation
or By-Laws if such action would materially adversely affect the voting rights of, or the other rights, preferences or restrictions
provided for the benefit of, any Preferred Stock.

(d)
 Except as set forth herein, holders of Preferred Stock shall have no special voting
rights, and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as
set forth herein) for taking any corporate action.

Section
5. Liquidation. Upon any liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary
(a “Liquidation”), the Holder shall be entitled to receive out of the assets of the Corporation, whether
such assets are capital or surplus, for each share of Preferred Stock an amount equal to par value (the “Liquidation
Value”) before any distribution or payment shall be made to the holder of any Junior Securities, and if the assets
of the Corporation shall be insufficient to pay in full such amounts, then the entire assets to be distributed to the Holder shall
be distributed among the Holder ratably in accordance with the respective amounts that would be payable on such shares if all
amounts payable thereon were paid in full. A Fundamental Transaction or Change of Control Transaction shall not be treated as
a Liquidation. The Corporation shall mail written notice of any such Liquidation, not less than 70 days prior to the payment date
stated therein, to each record Holder.

 

Section
6. Conversion.

 

(a) Right
to Convert. Subject to Paragraphs 6(c)–(e) below, each share of Preferred Stock shall be convertible, at the option
of the holder thereof, at any time after the date of issuance of such share, at the office of the Corporation or any transfer
agent for such stock, into one share of fully paid and non-assessable Common Stock (the “Conversion Rate”).

(b) Mechanics
of Conversion. Before any holder of Preferred Stock shall be entitled to convert the same into shares of Common Stock, he
shall surrender the certificate or certificates therefor, duly endorsed, at the office of the Corporation or of any transfer agent
for the Preferred Stock, and shall give written notice to the Corporation at its principal corporate office, of the election to
convert the same and shall state therein the name or names in which the certificate or certificates for shares of Common Stock
are to be issued. The Corporation shall, as soon as practicable thereafter, issue and deliver at such office to such holder of
Preferred Stock, or to the nominee or nominees of such holder, a certificate or certificates for the number of shares of Common
Stock to which such holder shall be entitled as aforesaid. Such conversion shall be deemed to have been made immediately prior
to the close of business on the date of such surrender of the shares of Preferred Stock to be converted and the person or persons
entitled to receive the shares of Common Stock issuable upon such conversion shall be treated for all purposes as the record holder
or holders of such shares of Common Stock as of such date. If the conversion is in connection with an underwritten offering of
securities registered pursuant to the Securities Act, the conversion may, at the option of any holder tendering Preferred Stock
for conversion, be conditioned upon the closing with the underwriters of the sale of securities pursuant to such offering, in
which event the person(s) entitled to receive Common Stock upon conversion of such Preferred Stock shall not be deemed to have
converted such Preferred Stock until immediately prior to the closing of such sale of securities.

(c) Split,
Subdivision and Distribution Adjustments. In the event the Corporation should at any time or from time to time after the Distribution
Date fix a record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock or the determination
of holders of Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock or
other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares
of Common Stock (hereinafter referred to as “Common Stock Equivalents”) without payment of any consideration
by such holder for the additional shares of Common Stock or the Common Stock Equivalents (including the additional shares of Common
Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such dividend distribution,
split or subdivision if no record date is fixed), the applicable Conversion Rate of the Preferred Stock shall be appropriately
adjusted so that the number of shares of Common Stock issuable on conversion of each share of Preferred Stock shall be increased
in proportion to such increase of the aggregate number of shares of Common Stock outstanding and those issuable with respect to
such Common Stock Equivalents.

(d) Combination
Adjustments. If the number of shares of Common Stock outstanding at any time after the Distribution Date is decreased by a
combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Rate
for the Preferred Stock shall be appropriately adjusted so that the number of shares of Common Stock issuable on conversion of
each share of such series shall be decreased in proportion to such decrease in outstanding shares.

(e) Recapitalizations.
If at any time or from time to time there shall be a recapitalization of the Common Stock (other than a subdivision, combination
or merger or sale of assets transaction provided for elsewhere in this Section 6) provision shall be made so that the holders
of the Preferred Stock shall thereafter be entitled to receive upon conversion of the Preferred Stock the number of shares of
stock or other securities or property of the Company or otherwise, to which a holder of the number of shares of Common Stock deliverable
upon conversion of the Preferred Stock would have been entitled on such recapitalization. In any such case, appropriate adjustment
shall be made in the application of the provisions of this Section 6 with respect to the rights of the holders of the Preferred
Stock after the recapitalization to the end that the provisions of this Section 4(e) (including adjustment of the Conversion Rate
then in effect and the number of shares issuable upon conversion of the Preferred Stock) shall be applicable after that event.

(f) No
Impairment. The Corporation will not, by amendment of its Articles of Incorporation or through any reorganization, recapitalization,
transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek
to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Corporation, but will
at all times in good faith assist in the carrying out of all the provisions of this Section 6 and in the taking of all such action
as may be necessary or appropriate in order to protect the Conversion Rights of the holders of Preferred Stock against impairment.

(g) Reservation
of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but
unissued shares of Common Stock, solely for the purpose of effecting the conversion of the shares of the Preferred Stock, such
number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares
of Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to
effect the conversion of all then outstanding shares of Preferred Stock, in addition to such other remedies as shall be available
to the holder of such Preferred Stock, the Corporation will take such corporate action as may, in the opinion of its counsel,
be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for
such purposes, including, without limitation, engaging in best efforts to obtain the requisite shareholder approval of any necessary
amendment to the Corporation’s Articles of Incorporation.

(h) Exempt
Issuance. Notwithstanding the foregoing, no adjustment will be made under this Section 7 in respect of an Exempt Issuance.

Section
8. Miscellaneous.

 

(a)
Notices. Any and all notices or other communications or deliveries to be provided by the Holder hereunder, including,
without limitation, any notice of conversion, shall be in writing and delivered personally, by facsimile, sent by a nationally
recognized overnight courier service, addressed to the Corporation, at the address of record. Any and all notices or other communications
or deliveries to be provided by the Corporation hereunder shall be in writing and delivered personally, by facsimile, sent by
a nationally recognized overnight courier service addressed to each Holder at the facsimile telephone number or address of such
Holder appearing on the books of the Corporation, or if no such facsimile telephone number or address appears, at the principal
place of business of the Holder. Any notice or other communication or deliveries hereunder shall be deemed given and effective
on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile telephone
number specified in this Section prior to 5:30 p.m. (New York City time), (ii) the date after the date of transmission, if such
notice or communication is delivered via facsimile at the facsimile telephone number specified in this Section later than 5:30
p.m. (New York City time) on any date and earlier than 11:59 p.m. (New York City time) on such date, (iii) the second Business
Day following the date of mailing, if sent by nationally recognized overnight courier service, or (iv) upon actual receipt by
the party to whom such notice is required to be given.

 

(b)
Absolute Obligation. Except as expressly provided herein, no provision of this Certificate of Designation shall
alter or impair the obligation of the Corporation, which is absolute and unconditional, to pay the liquidated damages (if any)
on, the shares of Preferred Stock at the time, place, and rate, and in the coin or currency, herein prescribed.

 

(c)
Lost or Mutilated Preferred Stock Certificate. If a Holder’s Preferred Stock certificate shall be mutilated,
lost, stolen or destroyed, the Corporation shall execute and deliver, in exchange and substitution for and upon cancellation of
a mutilated certificate, or in lieu of or in substitution for a lost, stolen or destroyed certificate, a new certificate for the
shares of Preferred Stock so mutilated, lost, stolen or destroyed but only upon receipt of evidence of such loss, theft or destruction
of such certificate, and of the ownership thereof, and indemnity, if requested, all reasonably satisfactory to the Corporation.

 

(d)
Next Business Day. Whenever any payment or other obligation hereunder shall be due on a day other than a Business
Day, such payment shall be made on the next succeeding Business Day.

 

(e)
Headings. The headings contained herein are for convenience only, do not constitute a part of this Certificate of
Designations and shall not be deemed to limit or affect any of the provisions hereof.

 

    	 

    	 

    

EXHIBIT
B

 

AMENDMENT
TO CERTIFICATE OF DESIGNATION

OF

OZOP
SURGICAL CORP.

Pursuant
to Section 78.1955 of the

Nevada
Revised Statutes

______________________________________

 

SERIES
C PREFERRED STOCK 

 

I. DESIGNATION;
RANK. 

There
shall be a series of preferred stock designated as “Series C Preferred Stock”, and the number of shares constituting
such series shall be 50,000 par value $0.001. Such series is referred to herein as the “Series C Preferred Stock”.

The
Series C Preferred Stock shall be subordinate to and rank junior to all indebtedness of the Corporation now or hereafter outstanding.

 II. DIVIDENDS.

The
holders of shares of Series C Preferred Stock have no dividend rights.

 III. LIQUIDATION
PREFERENCE.

(a) In
the event of any dissolution, liquidation or winding up of the Corporation (a “Liquidation”), whether voluntary or
involuntary, the holders of Series C Preferred Stock shall be entitled to participate in any distribution out of the assets of
the Corporation on an equal basis per share with the holders of the Common Stock, and any other Series of Preferred Stock bearing
liquidation rights.

(b)
A sale of all or substantially all of the Corporation’s assets or an acquisition of the Corporation by another entity by
means of any transaction or series of related transactions (including, without limitation, a reorganization, consolidated or merger)
that results in the transfer of fifty percent (50%) or more of the outstanding voting power of the Corporation (a “Change
in Control Event”), shall not be deemed to be a Liquidation for purposes of this Designation.

 IV. VOTING.

The
holders of Series C Preferred Stock shall have the rights as described in this Section 4 or as required by law. For so long as
any shares of the Series C Preferred Stock remain issued and outstanding, the Holder thereof, voting separately as a class, shall
have the right to vote on all shareholder matters equal to sixty-seven (67%) percent of the total vote. By way of illustration,
if there are 10,000 shares of the Corporation’s common stock issued and outstanding at the time of a shareholder vote, the
holders of the Series C Preferred Stock, voting separately as a class, will have the right to vote an aggregate of 20,300 shares,
out of a total number of 30,300 shares voting. For the sake of clarity and in an abundance of caution, the total voting shares
outstanding at the time of any and all shareholder votes (i.e., the total shares eligible to vote on any and all shareholder matters)
shall be deemed to include (a) the total common shares outstanding, (b) the voting rights applicable to any outstanding shares
of preferred stock, other than the Series C Preferred Stock, if any, and (c) the voting rights attributable to the Series C Preferred
Stock, as described herein, whether such Series C Preferred Stock shares are voted or not.

 V. NO
PREEMPTIVE RIGHTS.

No
holder of the Series C Preferred Stock shall be entitled to rights to subscribe for, purchase or receive any part of any new or
additional shares of any class, whether now or hereinafter authorized, or of bonds or debentures, or other evidences of indebtedness
convertible into or exchangeable for shares of any class, but all such new or additional shares of any class, or any bond, debentures
or other evidences of indebtedness convertible into or exchangeable for shares, may be issued and disposed of by the Board of
Directors on such terms and for such consideration (to the extent permitted by law), and to such person or persons as the Board
of Directors in their absolute discretion may deem advisable.

  VI. ADDITIONAL
RIGHTS OF PREFERRED STOCK.

So
long as any Series C Preferred Stock are outstanding, the Corporation shall not, without first obtaining the unanimous approval
of all of the holders of the Series C Preferred Stock: (a) alter or change the rights, preferences or privileges of the Series
C Preferred Stock; (b) alter or change the rights, preferences or privileges of any capital stock of the Corporation so as to
adversely affect the Series C Preferred Stock; (c) create or designate any series or class of shares; (d) issue any shares of
any series of preferred stock; (e) increase the authorized number of shares of Series C Preferred Stock; (f) amend, repeal or
modify the bylaws; (g) sell or otherwise dispose of any of the assets of the Corporation not in the ordinary course of business;
(h) incur debt not in the ordinary course of business; and (i) effect or undergo any change of control of the Corporation. So
long as any Series C Preferred Stock are outstanding, the Corporation shall not, without first obtaining the majority approval
of all of the holders of the Series C Preferred Stock: (a) elect members to the Board of Directors.

  VII. LOST
OR STOLEN CERTIFICATES.

Upon
receipt by the Company of evidence satisfactory to the Company of the loss, theft, destruction or mutilation of any Preferred
Stock Certificates representing the shares of Series C Preferred Stock, and, in the case of loss, theft or destruction, of any
indemnification undertaking by the holder to the Company and, in the case of mutilation, upon surrender and cancellation of the
Preferred Stock Certificate(s), the Company shall execute and deliver new preferred stock certificate(s) of like tenor and date; provided, however,
that the Company shall not be obligated to re-issue Preferred Stock Certificates if the holder contemporaneously requests the
Company to convert such shares of Series C Preferred Stock into Common Stock.

  VIII. FAILURE
OR INDULGENCE NOT WAIVER.

No
failure or delay on the part of a holder of Series C Preferred Stock in the exercise of any power, right or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other
or further exercise thereof or of any other right, power or privilege.

    	 

    	 

    

 

EXHIBIT
C

 

CERTIFICATE
OF DESIGNATION

OF

OZOP
SURGICAL CORP.

Pursuant
to Section 78.1955 of the

Nevada
Revised Statutes

______________________________________

 

SERIES
D PREFERRED STOCK 

 

 

I.
DESIGNATION AND AMOUNT

There
shall be a series of preferred stock designated as “Series D Convertible Preferred Stock”, and the number of shares
constituting such series shall be 20,000 par value $0.001. Such series is referred to herein as the “Series D Convertible
Preferred Stock”.

 

 

II.
DIVIDENDS

The
holders of the Series D Convertible Preferred Stock shall not be entitled to receive dividends.

 

III.
CONVERSION

 

(a)
Conversion. The holders as a group may, at any
time convert all of the shares of Series D Convertible Preferred Stock into a number of fully paid and nonassessable shares of
common stock determined by multiplying the number of issued and outstanding shares of common stock of the Company on the date
of conversion, by 3.00 (Conversion Price”). 

 

(b)
Mechanics of Conversion. To convert the Series
D Convertible Preferred Stock, a holder shall: (i) email, fax (or otherwise deliver by other means resulting in notice) a copy
of a fully executed notice of conversion in the form provided by the Company and (ii) within three (3) business days surrender
or cause to be surrendered to the Company the certificates representing the Series D Convertible Preferred Stock being converted
(the “Preferred Stock Certificates”) accompanied by duly executed stock powers and the original executed version of
a notice of conversion. The date of the Company’s receipt of the notice of conversion shall be the “Conversion Date”.

 

(c)
Conversion Disputes. In the case of any dispute
with respect to a conversion, the Company shall promptly issue such number of shares of common stock as are not disputed in accordance
with the other provisions of this Article III. If such dispute involves the calculation of the Conversion Price, the Company shall
submit the disputed calculations to an independent accounting firm, acceptable to holder, via facsimile within two (2) business
days of receipt of the notice of conversion. The accounting firm shall audit the calculations and notify the Company and the holder
of the results no later than two (2) business days from the date it receives the disputed calculations.

 

The
accounting firm’s calculation shall be deemed conclusive, absent manifest error. The Company shall then issue the appropriate
number of shares of common stock in accordance with this Article III.

 

(d)
Timing of Conversion. No later than the third
business day following the Conversion Date (the “Delivery Period”), provided that the Company has received prior to
such date the Preferred Stock Certificates, the Company shall deliver to the holder (or at its direction) (x) that number of shares
of common stock issuable upon conversion of the number of Series D Convertible Preferred Stock being converted and (y) a certificate
representing the number of Series D Convertible Preferred Stock not being converted, if any. The person or persons entitled to
receive shares of common stock issuable upon such conversion shall be treated for all purposes as the record holder of such shares
at the close of business on the Conversion Date and such shares shall be issued at such time, unless the notice of conversion
is revoked as provided in Section III(e). The Delivery Period shall be extended until the business day following the date of delivery
to the Company of the Preferred Stock Certificates to be converted.

(e)
Revocation of notice of conversion. In addition
to any other remedies which may be available to the holder, in the event the Company fails for any reason to
effect delivery to the holder of certificates representing the shares of common stock receivable upon conversion of the
Series D Convertible Preferred Stock by the business day following the expiration of the Delivery Period, the holder may revoke
the notice of conversion by delivering a notice to such effect to the Company. Upon receipt by the Company of such a revocation
notice, the Company shall immediately return the subject Preferred Stock Certificates and other conversion documents, if any,
delivered by holder, to the holder, and the Company and the holder shall each be restored to their respective positions held immediately
prior to delivery of the notice of conversion.

(f)
Stamp, Documentary and Other Similar Taxes. The
Company shall pay all stamp, documentary, issuance and other similar taxes which may be imposed with respect to the issuance and
delivery of the shares of common stock pursuant to conversion of the Series D Convertible Preferred Stock; provided that the Company
will not be obligated to pay stamp, transfer or other taxes resulting from the issuance of common stock to any person other than
the registered holder of the Series D Convertible Preferred Stock.

 

(g)
No Fractional Shares. No fractional shares of
common stock are to be issued upon the conversion of Series D Convertible Preferred Stock, but the Company shall pay a cash adjustment
in respect of any fractional share which would otherwise be issuable in an amount equal to the same fraction of the Closing Bid
Price on the Conversion Date of a share of common stock; provided that in the event that sufficient funds are not legally available
for the payment of such cash adjustment any fractional shares of common stock shall be rounded up to the next whole number.

 

(h)
Electronic Transmission. In lieu of delivering
physical certificates representing the common stock issuable upon conversion, provided the Company’s transfer agent is participating
in the Depository Trust Company (“DTC”) Fast Automated Securities Transfer program (the “FAST Program”),
upon request of a holder who shall have previously instructed such holder’s
prime broker to confirm such request to the Company’s transfer agent and upon the holder’s compliance with Section
III(b), the Company shall use its commercially reasonable efforts to cause its transfer agent to electronically transmit the common
stock issuable upon conversion to the holder by crediting the account of holder’s prime broker with DTC through its Deposit
Withdrawal Agent Commission (“DWAC”) system. Subject to the foregoing, the Company will use its commercially reasonable
efforts to maintain the eligibility of its common stock for the FAST Program.

 

IV.
RESERVATION OF AUTHORIZED SHARES OF COMMON
STOCK

Subject
to the provisions of this Article IV, the Company shall at all times reserve and keep available out of its authorized but unissued
shares of common stock, solely for the purpose of effecting the conversion of the Series D Convertible Preferred Stock a sufficient
number of shares of common stock to provide for the conversion of all outstanding Series D Convertible Preferred Stock upon issuance
of shares of common stock (the “Reserved Amount”). If the Reserved Amount for any ten (10) consecutive trading days
(the last of such ten (10) trading days being the “Authorization Trigger Date”) is less than one hundred percent (100%)
of the number of shares of common stock issuable on such trading days upon conversion of the outstanding Series D Convertible
Preferred Stock (without giving effect to any limitation on conversion or exercise thereof) then the Company shall take all necessary
action (including stockholder approval to authorize the issuance of additional shares of common stock) to increase the Reserved
Amount to a sufficient number of shares of common stock to provide for the conversion of all outstanding Series D Convertible
Preferred Stock (without giving effect to any limitation on conversion or exercise thereof).

 

V.
FAILURE TO CONVERT

If,
at any time, (x) the Conversion Date has occurred and the Company fails for any reason to deliver, on or prior to the second business
day following the expiration of the Delivery Period for such conversion (said period of time being the “Extended Delivery
Period”), such number of shares of common stock to which such holder is entitled upon such conversion, or (y) the Company
provides notice (including by way of public announcement) to any holder at any time of its intention not to issue shares of common
stock upon exercise by any holder of its conversion rights in accordance with the terms of this Certificate of Designation (other
than because such issuance would exceed such holder’s allocated portion of the Reserved Amount) (each of (x) and (y) being
a “Conversion Default”), then the Company shall pay to the affected holder, in the case of a Conversion Default described
in clause (x) above, and to all holders, in the case of a Conversion Default described in clause (y) above, an amount equal to
1% of the Face Amount of the Series D Convertible Preferred Stock with respect to which the Conversion Default exists (which amount
shall be deemed to be the aggregate Face Amount of all outstanding Series D Convertible Preferred Stock in the case of a Conversion
Default described in clause (y) above) for each day thereafter until the Cure Date. “Cure Date” means (i) with respect
to a Conversion Default described in clause (x) of its definition, the date the Company effects the conversion of the portion
of the Series D Convertible Preferred Stock submitted for conversion and (ii) with respect to a Conversion Default described in
clause (y) of its definition, the date the Company undertakes in writing to issue common stock in satisfaction of all conversions
of Series D Convertible Preferred Stock in accordance with the terms of this Certificate of Designation (provided that the Company
thereafter so performs such obligations). The Company shall promptly provide each holder with notice of the occurrence of a Conversion
Default with respect to any of the other holders.

 

VI.
REDEMPTION. 

 

The
Series D Convertible Preferred Stock may not be redeemed.

 

VII.
RANK.

All
shares of the Series D Convertible Preferred Stock shall rank (i) prior to the common stock; (ii) prior to any class or series
of capital stock of the Company now outstanding or hereafter created (unless, with the consent of a majority of the holders obtained
in accordance with Article IX hereof, such hereafter created class or series of capital stock specifically, by its terms, ranks
senior to or pari passu with the Series D Convertible Preferred Stock) (collectively, with the common stock, “Junior Securities”);
and (iii) pari passu with any class or series of capital stock of the Company hereafter created (with the consent of a majority
of the holders obtained in accordance with Article IX hereof) specifically ranking, by its terms, on parity with the Series D
Convertible Preferred Stock (the “pari passu Securities”).

 

VIII.
VOTING RIGHTS. 

 

Subject
to Section X below, no holder of the Series D Convertible Preferred Stock shall be entitled to vote on any matter submitted to
the shareholders of the Company for their vote, waiver, release or other action.

 

IX.
LIQUIDATION RIGHTS.

 

The
Series D Convertible Preferred Stock shall not bear any liquidation rights.

 

X.
PROTECTION PROVISIONS. 

 

So
long as any Series D Convertible Preferred Stock are outstanding, the Company shall not, without first obtaining the approval
of a majority of the holders: (a) alter or change the rights, preferences or privileges of the Series D Convertible Preferred
Stock; (b) alter or change the rights, preferences or privileges of any capital stock of the Company so as to adversely affect
the Series D Convertible Preferred Stock; (c) increase the authorized number of shares of Series D Convertible Preferred Stock;
(f) do any act or thing not authorized or contemplated by this Certificate of Designation which would result in any taxation with
respect to the Series D Convertible Preferred Stock under Section 305 of the Internal Revenue Code of 1986, as amended, or any
comparable provision of the Internal Revenue Code as hereafter from time to time amended, (or otherwise suffer to exist any such
taxation as a result thereof).

 

XI.
MISCELLANEOUS.

A.
Lost or Stolen Certificates. Upon receipt by
the Company of (x) evidence of the loss, theft, destruction or mutilation of any Preferred Stock Certificate(s) and (y) in the
case of loss, theft or destruction, of indemnity reasonably satisfactory to the Company, or (z) in the case of mutilation, upon
surrender and cancellation of the Series D Convertible Preferred Stock Certificate(s), the Company shall execute and deliver new
Series D Convertible Preferred Stock Certificate(s) of like tenor and date. However, the Company shall not be obligated to reissue
such lost, stolen, destroyed or mutilated Preferred Stock Certificate(s) if the holder contemporaneously requests the Company
to convert such Series D Convertible Preferred Stock. Statements of Available Shares. Upon request, the Company shall deliver
to the holder a written report notifying the holder of any occurrence which prohibits the Company from issuing common stock upon
any such conversion. The report shall also specify (i) the total number of shares of common stock which are reserved for issuance
upon conversion of the Series D Convertible Preferred Stock as of the date of the request, and (ii) the total number of shares
of common stock which may thereafter be issued by the Company upon conversion of the Series D Convertible Preferred Stock before
the Company would exceed the Reserved Amount. The Company shall, within five (5) days after delivery to the Company of a written
request by any holder, provide all of the information enumerated in clauses (i) – (2) of this Section XI(B) and, at the
request of a holder, make public disclosure thereof.

 

    	 

    	 

    

 

EXHIBIT
D

 

CERTIFICATE
OF DESIGNATION

 OF

OZOP
SURGICAL CORP. 

Pursuant
to Section 78.1955 of the

Nevada
Revised Statutes

______________________________________

 

SERIES
E PREFERRED STOCK 

 

I.  
DESIGNATION AND AMOUNT.

There
shall be a series of Preferred Stock designated as “Series E Preferred Stock,” and the number of shares constituting
such series shall be 1000, par value $.001. Such series is referred to herein as the “Series E Preferred Stock”.

II.  
RANK.

All
shares of Series E Preferred Stock shall rank prior to all of the Corporation’s common stock, par value $.001 per share
(the “Common Stock”), now or hereafter issued, as to distributions of assets upon dissolution or winding up of the
Corporation, whether voluntary or involuntary. All shares of Series E Preferred Stock will rank subordinate and junior to all
shares of Series E and B of Preferred Stock of the Corporation and pari passu with any of the Corporation’s preferred stock
hereafter created as to distributions of assets upon dissolution or winding up of the Corporation, whether voluntary or involuntary.

III.  
DIVIDENDS.

The
holders of the Preferred Stock shall not be entitled to receive dividends.

IV.  
VOTING RIGHTS.

No
holder of the Series E Preferred Stock shall be entitled to vote on any matter submitted to the shareholders of the Corporation
for their vote, waiver, release or other action, except as may be otherwise expressly required by law.

		V.	OPTIONAL
                                         REDEMPTION BY THE CORPORATION. 

 

(1)
At any time, the Corporation may redeem for cash
out of funds legally available therefor, any or all of the outstanding Preferred Stock (“Optional Redemption”) at
$1000 (one thousand dollars) per share. 

 

(2)
Should the Corporation exercise the right of
Optional Redemption it shall provide any holders of Preferred Stock with at least 30 days’ notice of any proposed optional
redemption pursuant this Section V (an “Optional Redemption Notice”). Any optional redemption pursuant to this Section
V shall be made ratably among holders in proportion to the Liquidation Value of Preferred Stock then outstanding and held by such
holders. The Optional Redemption Notice shall state the Liquidation Value of Preferred Stock to be redeemed and the date on which
the Optional Redemption is to occur (which shall not be less than thirty (30) or more than sixty (60) Business Days after the
date of delivery of the Optional Redemption Notice) and shall be delivered by the Corporation to the holders at the address of
such holder appearing on the register of the Corporation for the Preferred Stock. Within seven (7) business days after the date
of delivery of the Optional Redemption Notice, each holder shall provide the Corporation with instructions as to the account to
which payments associated with such Optional Redemption should be deposited. On the date of the Optional Redemption, provided
for in the relevant Optional Redemption Notice, (A) the Corporation will deliver the redemption amount via wire transfer to the
account designated by the holders, and (B) the holders will deliver the certificates relating to that number of shares of Preferred
Stock being redeemed, duly executed for transfer or accompanied by executed stock powers, in either case, transferring that number
of shares to be redeemed. Upon the occurrence of the wire transfer (or, in the absence of a holder designating an account to which
funds should be transferred, delivery of a certified or bank cashier’s check in the amount due such holder in connection
with such Optional Redemption to the address of such holder appearing on the register of the Corporation for the Preferred Stock),
that number of shares of Preferred Stock redeemed pursuant to such Optional Redemption as represented by the previously issued
certificates will be deemed no longer outstanding.

 

		VI.	SECURITIES
                                         NOT REGISTERED.

 

The
shares of Series E Preferred Stock have not been registered under the Securities Act of 1933 or the laws of any state of the United
States and may not be transferred without such registration or an exemption from registration. Therefore, each certificate for
shares of Series E Preferred Stock and each preferred stock certificate issued upon the transfer of any such shares of Series
E Preferred Stock, shall be stamped or otherwise imprinted with a legend in substantially the following form:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”) OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE
SECURITIES ACT AND UNDER APPLICABLE STATE SECURITIES LAWS OR UNLESS THE CORPORATION SHALL HAVE RECEIVED AN OPINION OF COUNSEL
THAT REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES LAWS IS
NOT REQUIRED.”

		VII.	PREEMPTIVE
                                         RIGHTS.

 

The
Series E Preferred Stock is not entitled to any preemptive or subscription rights in respect of any securities of the Corporation.

 

		VIII.	SEVERABILITY
                                         OF PROVISIONS.

 

Whenever
possible, each provision hereof shall be interpreted in a manner as to be effective and valid under applicable law, but if any
provision hereof is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only the extent
of such prohibition or invalidity, without invalidating or otherwise adversely affecting the remaining provisions hereof. If a
court of competent jurisdiction should determine that a provision hereof would be valid or enforceable if a period of time were
extended or shortened or a particular percentage were increased or decreased, then such court may make such change as shall be
necessary to render the provision in question effective and valid under applicable law.

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