SEC Contract Filing

Filing Date: 2018-11-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ozsc1121form8kexh10_2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>NEITHER THE ISSUANCE AND SALE OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR
ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION
IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING,
THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE
SECURITIES.</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 1in 0 0.5in; text-align: justify"><B>&nbsp;</B></P>

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 <TD STYLE="font: bold 12pt Times New Roman, Times, Serif; text-align: left; width: 53%">Principal Amount: US$500,000.00</TD>
 <TD STYLE="font: bold 12pt Times New Roman, Times, Serif; text-align: left; width: 47%">Issue Date: November 15, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
 <TD STYLE="font: bold 12pt Times New Roman, Times, Serif; text-align: left">Purchase Price: US$500,000.00&nbsp;</TD>
 <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>SENIOR SECURED CONVERTIBLE PROMISSORY
NOTE</U></B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>FOR VALUE RECEIVED</B>,
<B>OZOP SURGICAL CORP.</B>, a Nevada corporation (hereinafter called the &ldquo;Borrower&rdquo;) (Trading Symbol: OZSC), hereby
promises to pay to the order of <B>AUCTUS FUND, LLC</B>, a Delaware limited liability company, or registered assigns (the &ldquo;Holder&rdquo;)
the sum of US$500,000.00 together with any interest as set forth herein, on November 15, 2019 (the &ldquo;Maturity Date&rdquo;),
and to pay interest on the unpaid principal balance hereof at the rate of eight percent (8%) (the &ldquo;Interest Rate&rdquo;)
per annum from the date hereof (the &ldquo;Issue Date&rdquo;) until the same becomes due and payable, whether at maturity or upon
acceleration or by prepayment or otherwise. This Note may not be prepaid in whole or in part except as otherwise explicitly set
forth herein with the written consent of the Holder which may be withheld for any reason or for no reason. Any amount of principal
or interest on this Note which is not paid when due shall bear interest at the rate of the lesser of (i) twenty-four percent (24%)
per annum and (ii) the maximum amount permitted under law from the due date thereof until the same is paid (the &ldquo;Default
Interest&rdquo;). Interest shall commence accruing on the date that the Note is fully paid and shall be computed on the basis of
a 360-day year and the actual number of days elapsed. All payments due hereunder (to the extent not converted into common stock,
$0.001 par value per share (the &ldquo;Common Stock&rdquo;) in accordance with the terms hereof) shall be made in lawful money
of the United States of America. All payments shall be made at such address as the Holder shall hereafter give to the Borrower
by written notice made in accordance with the provisions of this Note. Whenever any amount expressed to be due by the terms of
this Note is due on any day which is not a business day, the same shall instead be due on the next succeeding day which is a business
day and, in the case of any interest payment date which is not the date on which this Note is paid in full, the extension of the
due date thereof shall not be taken into account for purposes of determining the amount of interest due on such date. As used in
this Note, the term &ldquo;business day&rdquo; shall mean any day other than a Saturday, Sunday or a day on which commercial banks
in the city of New York, New York are authorized or required by law or executive order to remain closed. Each capitalized term
used herein, and not otherwise defined, shall have the meaning ascribed thereto in that certain Securities Purchase Agreement dated
the date hereof, pursuant to which this Note was originally issued (the &ldquo;Purchase Agreement&rdquo;).</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Note is free from
all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights