|   | Name of Subscriber |    |
|--------|--------------------|--------------|

|   | (a) | I am aware that my investment involves a high degree of risk; |
|--------|-----|---------------------------------------------------------------|

|   | (b) | I acknowledge and am aware that there is no assurance as to the future performance of the Company; |
|--------|-----|----------------------------------------------------------------------------------------------------|

|   | (c) | I am purchasing the Units for my own account for investment and not with a view to or for sale in connection with the distribution of the Units nor with any present intention of selling or otherwise disposing of all or any part of the Units.  I agree that I must bear the economic risk of my investment for an indefinite period of time because, among other reasons, the shares have not been registered under the Securities Act of 1933 (the “Securities Act”) or under the securities laws of any states and, therefore, cannot be resold, pledged, assigned or otherwise disposed of unless they are subsequently registered under the Securities Act and under applicable securities laws of such states or an exemption from such registration is available.  I hereby authorize the Company to place a legend denoting the restriction on the certificates to be issued.  I acknowledge that no public market may develop for the Warrants. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (d) | I further acknowledge my understanding that the Company’s reliance on such exemptions referred to in subsection (c) above are, in part, based upon the foregoing representations, warranties, and agreements by me and that the statutory basis for such exemptions would not be present, if, notwithstanding such representations, warranties and agreements, I were acquiring the Units for resale on the occurrence or non-occurrence of some pre-determined event.  In order to induce the Company to issue and sell the Units subscribed for hereby to me, it is agreed that the Company will have no obligation to recognize the ownership, beneficial or otherwise, of such Units or any part thereof by anyone, except as set forth herein; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | I have the financial ability to bear the economic risk of my investment in the Company (including its possible total loss), have adequate means for providing for my current needs and personal contingencies and have no need for liquidity with respect to my investment in the Company; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | I have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Units and have obtained, in my judgment, sufficient information from the Company to evaluate the merits and risks of an investment in the Company; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | I: _________________ |
|--------|-----|----------------------|

|   | (1) | Have carefully read this Subscription Agreement and the Company’s Prospectus dated November 29, 2010, and all subsequent filings filed with the Securities and Exchange Commission and press releases contained on the Company’s website and understand and have evaluated the risks of a purchase of the Units and have relied solely (except as indicated in subsection (2) and (3)) on the information contained in this Subscription Agreement; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Have been provided an opportunity to obtain any additional information concerning the Offering, the Company and all other information to the extent the Company possesses such information or can acquire it without unreasonable effort or expense; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Have been given the opportunity to ask questions of, and receive answers from, the Company concerning the terms and conditions of the Offering and other matters pertaining to this investment.  In addition, as required by Section 517.061(11)(a)(3), Florida Statutes and by Rule 3E-500.05(a) thereunder, I may have, at the offices of the Company, at any reasonable hour, after reasonable prior notice, access to the materials set forth in the Rule which the Company can obtain without unreasonable effort or expense.  |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (h) | If the undersigned is a corporation, trust, partnership, employee benefit plan, individual retirement account, Keogh Plan, or other tax-exempt entity, it is authorized and qualified to become an investor in the Company and the person signing this Subscription Agreement on behalf of such entity has been duly authorized by such entity to do so; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | No representations or warranties have been made to the undersigned by the Company, or any of their respective officers, employees, agents, affiliates or attorneys; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (j) | The information contained in Section 2.2 of this Subscription Agreement is true and correct including any information which I have furnished and furnish to the Company with respect to my financial position and business experience, is correct and complete as of the date of this Subscription Agreement and if there should be any material change in such information prior to acceptance of my subscription, I will furnish such revised or corrected information to the Company; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (k) | I hereby acknowledge and am aware that except for any rescission rights that may be provided under applicable state laws including the three day rights under Florida law, I am not entitled to cancel, terminate or revoke this subscription, and any agreements made in connection herewith shall survive my death or disability; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (l) | I have not received any general solicitation or advertising regarding the purchase of the Units and became aware of this investment through a substantive, pre-existing relationship with the Company; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (m) | Where applicable, I agree to be bound by any restrictions on resale of the Units required by applicable state laws. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------|

|   | (a) | The following information should be provided by the person making the investment decision whether on his own behalf or on behalf of an entity: |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                         | (1)           Name of Investor: |   | Age:   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|--------|--------|--------|
|                                                                                                                                                                                         |                                                                                   |
|                                                                                                                                                                                         |
|              (2)           Name of person making investment decision |
|                                                                                                                                                                                         |
|                                                                                                                                                                                         |                                                                                   | Age:   |   |
|                                                                                                                                                                                         | (Print)                                                                                |   |   |

|   | (3)           Principal residence address and telephone number: |
|--------|------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|
|   |
|   |
|   |   |

|   | (4)           Secondary residence address and telephone number: |
|--------|------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|
|   |
|   |
|   |
|   |

|   | I have no present intention of becoming a resident of any other state or jurisdiction. |
|--------|----------------------------------------------------------------------------------------|

|   | (5)           Name, address, telephone number and facsimile number of employer or business: |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|
|   |
|   |   |
|   |
|   |   |

|   | (i)           Nature of business |   |
|--------|-----------------------------------------------------------------------------------------|--------|

|   |   |
|--------|--------|

|   | (ii)           Position and nature of responsibilities |
|--------|---------------------------------------------------------------------------------------------------------------|
|   |
|   |                                                                                                          |

----

|   | (6)           Length of employment or in current position |   |
|--------|------------------------------------------------------------------------------------------------------------------|--------|

|   | (7)    Prior employment, positions or occupations during the past five years (and the inclusive dates of each) are as follows: |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| Nature of Employment,or Occupation |  Position/ Duties |  From/To |
|------------------------------------|------------------------|---------------|
|                               |                   |          |
|                               |
|                               |
|                               |
|                               |
|                               |

|   | Attach additional pages to answer any questions in greater detail, if necessary.  Each prospective investor should answer the following questions which pertain to income, tax rate, net worth, liquid assets, and non-liquid assets by including spousal contribution even though the investment will be held in single name. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (8) | Business or profes­sional educa­tion and the degree­(s) received are as follows: |
|--------|-----|-------------------------------------------------------------------------------------------------|

| School | Degree | Year Received |
|--------|--------|---------------|
|   |
|   |
|   |
|   |
|   |
|   |

|   |   | (b) | Investor Representations.  Must Initial One.  Initial all appropriate spaces on the following pages (please initial only where appropriate). |
|--------|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) ___ | I certify that I am an accredited investor because I have an individual net worth, or my spouse and I have combined net worth, in excess of $1,000,000.  For purposes of this question, “net worth” means the excess of total assets at fair market value over total liabilities.  The fair market value of my primary residence and the indebtedness on mortgages or deeds of trust related to such residence shall be excluded unless the indebtedness exceeds the fair market value. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2a) ___ | I certify that I am an accredited investor because I had individual income (exclusive of any income attributable to my spouse) of more than $200,000 in the two most recent calendar years and I reasonably expect to have an individual income in excess of $200,000 in the current year. |
|--------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2b) ___ | Alternatively, my spouse and I have joint income in excess of $300,000 in each applicable year. |
|--------|----------|-------------------------------------------------------------------------------------------------|

|   | (3) ___ | I am a director or executive officer of the Company. |
|--------|---------|------------------------------------------------------|

|   | (4) ___ | The undersigned certifies that it is one of the following:  any bank as defined in Section 3(a)(2) of the Securities Act whether acting in its individual or fiduciary capacity; any broker or dealer registered pursuant to section 15 of the Securities Exchange Act of 1934; insurance company as defined in Section 2(13) of the Securities Act; investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section 2(a)(48) of that Act; Small Business Investment Company licensed by the U.S.  Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000; employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such Act, which is either a bank, savings and loan association, insurance company, or registered investment advisor, or if the employee benefit plan has total assets in excess of $5,000,000, or if a self-directed plan, with investment decisions made solely by persons that are accredited investors. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (5) ___ | The undersigned certifies that it is a private business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (6) ___ | The undersigned certifies that it is a organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust or partnership, not formed for the specific purpose of acquiring the Units offered, with total assets in excess of $5,000,000. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (7) ___ | The undersigned certifies that it is a trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Units offered, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) of the Securities Act. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (8) ___ | The undersigned certifies that it is an entity in which all of the equity owners are accredited investors. |
|--------|---------|------------------------------------------------------------------------------------------------------------|

|   | (9) ___ | I am none of the above. |
|--------|---------|-------------------------|

----

| Investor:          | At the address designatedin Section 2.2 of thisSubscription Agreement                                                        |
|--------------------|------------------------------------------------------------------------------------------------------------------------------|
|               |                                                                                                                         |
| The Company:  | GelTech Solutions, Inc.1460 Park Lane South, Suite 1Jupiter, FL 33458Attention: Mr. Michael CordaniFacsimile: (561) 427-6182 |

----

----

|                   |   |                   |   |
|------------------------|--------|------------------------|--------|
| Social Security Number |   | Print Name of Investor |   |
|                   |   |                   |   |
|                   |   |                   |   |
|                   |   | Signature of Investor  |   |
|                   |   |                   |   |

|   |   |   |
|--------|--------|--------|

| _____ Individual Ownership                    | _____ Partnership             |
|-----------------------------------------------|-------------------------------|
|                                          |                          |
| _____ Tenants-in-Common                       | _____ Trust                   |
|                                          |                          |
| _____ Joint Tenant With Right of Survivorship | _____ Corporation             |
|                                          |                          |
| _____ Tenants by the Entirety                 | _____ Employee Benefit Plan   |
|                                          |                          |
| _____ Community Property                      | _____ Other (please indicate) |
|                                          |                          |
| _____ Separate Property                       |                          |

|              |   |                 |
|-------------------|--------|----------------------|
| Federal ID Number |   | Print Name of Entity |
|              |   |                 |
|              | By:    |                 |
|              |   | Signature, Title     |

| By:    |                                   |   | Dated: | ______ ___, 2010 |   |
|--------|----------------------------------------|--------|--------|------------------|--------|
|   | Michael CordaniChief Executive Officer |   |   |             |