Item 1.01. Entry into a Material Definitive Agreement.

Securities Purchase Agreement and Convertible Promissory Note with Redstart Holdings Corp

On January 8, 2020, Ozop Surgical Corp. a Nevada corporation (the "Company") entered into a securities purchase agreement (the "SPA") with Redstart Holdings Corp., a New York corporation (the "Investor" or "Redstart"), pursuant to which the Company agreed to issue to the Investor a 12% Convertible Promissory Note, (the "Note") in the principal amount of $38,000 in exchange for a purchase price of $35,000. The Note was funded by the Investor on January 13, 2020, and on such date pursuant to the SPA, the Company reimbursed the Investor for expenses for legal fees and due diligence of $3,000. The Note proceeds will be used by the Company for general working capital purposes. The SPA includes customary representations, warranties and covenants by the Company and customary closing conditions.

The Note matures 12 months after the date of issuance. The Note is convertible into shares of the Company's common stock beginning on the date which is 180 days from the issuance date of the Note, at a conversion price equal to 61% multiplied by the lowest trading price, as such term is defined in the Note, during the 20 trading day period ending on the last complete trading day prior to the date of conversion, provided, however, that the Investor may not convert the Note to the extent that such conversion would result in the Investor's beneficial ownership of the Company's common stock being in excess of 4.99% of the Company's issued and outstanding common stock. The beneficial ownership limitation may not be waived by the Investor.

The Note carries a pre-payment penalty if the Note is paid off in 30, 60, 90,120,150, or 180 days following the issue date. The pre-payment penalty is based on the then-outstanding principal at the time of payoff, plus accrued and unpaid interest, multiplied by 110%, 115%, 120%, 125%, 130%, and 135% respectively. After the expiration of 180 days following the issue date, the Company shall have no right of prepayment.

Pursuant to the Note, during any period where funds are owed under the Note, if the Company enters into any future financing transactions with a third party investor, excluding certain exempted issuances listed in the Note, the Company will be required to give notice of same to the Investor at least 10 days prior to closing of such future financing, and in the event that the Investor determines that the terms of the subsequent investment are preferable to the terms of the securities issued to the Investor pursuant to the terms of the SPA, the Company will have to amend and restate the securities issued to the Investor pursuant to the SPA (which may include the conversion terms of the Note), to be identical to the instruments evidencing the subsequent investment.

The foregoing descriptions of the SPA and the Note do not purport to be complete and are qualified in their entirety by reference to the full text of the SPA and the Note, copies of which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an


          Off-Balance Sheet Arrangement of a Registrant.

The information provided above in Item 1.01 herein is incorporated by reference into this Item 2.03.

Item 3.02 Unregistered Sales of Equity Securities.

On January 16, 2020, the Company issued 15,100,750 shares of common stock to Auctus Fund LLC ("Auctus") in partial satisfaction of its obligations under, and the holder's election to convert a $1,026 principal portion, a $256 interest portion and $500 of fees of, the Company's convertible promissory note issued to Auctus on November 15, 2018.

On January 21, 2020, the Company issued 17,287,931 shares of common stock to GS Capital Partners, LLC ("GS Capital") in partial satisfaction of its obligations under, and the holder's election to convert a $2,725 principal portion and $283 interest portion of, the Company's convertible promissory note issued to GS Capital on March 7, 2019.

On January 21, 2020, the Company issued 17,358,334 shares of common stock to Auctus in partial satisfaction of its obligations under, and the holder's election to convert a $157 principal portion, a $1,426 interest portion and $500 of fees of, the Company's convertible promissory note issued to Auctus on November 15, 2018.

On January 27, 2020, the Company issued 19,087,084 shares of common stock to Auctus in partial satisfaction of its obligations under, and the holder's election to convert a $80 principal portion, a $1,711 interest portion and $500 of fees of, the Company's convertible promissory note issued to Auctus on November 15, 2018.

On January 29, 2020, the Company issued 19,046,149 shares of common stock to GS Capital in partial satisfaction of its obligations under, and the holder's election to convert a $2,995 principal portion and $319 interest portion of, the Company's convertible promissory note issued to GS Capital on March 7, 2019.

These issuances of these shares of Company common stock were made in reliance on the exemption from registration provided by Sections 3(a)(9), 4(a)(1) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the registrant held by each shareholder for the requisite holding period, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits



Exhibit No.   Description

10.1          Securities Purchase Agreement, entered into between Ozop Surgical
              Corp. and Redstart Holdings Corp.  dated January 8, 2020. *

10.2          Convertible Promissory Note issued on January 8, 2020, by Ozop
              Surgical Corp. to Redstart Holdings Corp*

*Filed herewith.

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