Item 1.01 Entry into a Material Definitive Agreement.

On June 14, 2021, Ozop Energy Systems, Inc., a wholly owned subsidiary of the Company, entered into a Consulting Agreement (the "Agreement") with Clean Peak Energy Group, LLC, a Connecticut limited liability company ("Clean Peak"). Under the terms of the Agreement, Clean Peak shall pay the Company a commission fee equal to fifty percent (50%) of Clean Peak's net profit from each energy service contract procured by the Company. Net profit means the revenue earned by Clean Peak from each service contract, less all costs of Clean Peak to provide the services under each contract. The Agreement shall continue until terminated by either party by providing the other with thirty (30) days written notice.

The foregoing information is a summary of the Agreement described above, is not complete, and is qualified in its entirety by reference to the full text of the Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K. Readers should review the Agreement for a complete understanding of the terms and conditions of the transaction described above.

Item 7.01 Regulation FD Disclosure.

The Company issued a press release on June 15, 2021. A copy of the press release issued by the Company is attached as Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated by reference solely for purposes of this Item 7.01 disclosure.

Exhibit 99.1 contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements.

The information set forth under this Item 7.01, including Exhibit 99.1 is being furnished and, as a result, such information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.



Exhibit Number   Description
10.1               Consultant Agreement dated June 14, 2021
99.1               Press Release dated June 15, 2021

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