EXHIBIT 10.2


September 3, 2003

Hydron Technologies, Inc.
2201 West Sample Road
Building 9, Suite 7B
Pompano Beach FL 33073
Attn:    Mr. William A. Lauby
         Chief Financial Officer

Re:      Subscription Agreement
         ----------------------

Ladies and Gentlemen:

1.1      The Offering. The undersigned ("Subscriber") understands that Hydron
Technologies, Inc., a New York corporation (the "Company"), is offering for
purchase (the "Offering") on a limited and private basis to "accredited
investors," as such term is defined in Rule 501(a) under the Securities Act of
1933, as amended (the "Securities Act"), up to ___________ units ("Units") (each
a "Unit" and collectively, the "Units"), comprised of (i) one (1) share (each a
"Share" and collectively, the "Shares") of its Common Stock, $.01 par value per
share (the "Common Stock"), and (ii) a warrant to purchase one (1) share of
Common Stock (each a "Warrant" and collectively, the "Warrants"), exercisable in
whole or in part at any time or from time to time, for a five-year period ending
on the fifth anniversary of the date of the closing of the Offering (the
"Closing Date") at an exercise price of $1.00 per share. The purchase price for
each Unit shall be $0.50 and the maximum aggregate proceeds if all Units being
offered are purchased is $2,000,000. The offering period for the Offering will
commence on the date of this subscription agreement (the "Subscription
Agreement") and will end on September 30, 2003 at 5:00 P.M (unless extended by
the Company for up to ninety (90) additional days or earlier terminated by
reason of sale of the full offering amount or otherwise (the "Offering Period").
Subscribers must make a minimum investment of Fifty Thousand Dollars ($50,000)
(100,000 Units), subject to waiver by the Company in its sole discretion (the
"Minimum Commitment"). Investors may subscribe for Units in excess of the
Minimum Commitment.

1.2      Minimum Offering Condition. The Company will accept or reject
subscriptions for Units and will schedule one or more closings of the purchase
and sale of Units after 1,500,000 Units having a minimum aggregate purchase
price of $750,000 (the "Minimum Amount") have been accepted. Subscription
proceeds will be held in escrow, pursuant to the Company's Escrow Agreement with
the law firm of Ruden, McClosky, Smith, Schuster & Russell, P.A. dated as of
September 15, 2003 (the "Escrow Agreement"), a copy of which is attached as
Exhibit A hereto, and will only be released to the Company if the Company
receives and accepts subscriptions for the Minimum Amount ("Minimum Offering
Condition"). By execution of this Subscription Agreement, each Subscriber agrees
to be bound by the terms of the Escrow Agreement.

1.3      Closings. The Company will accept subscriptions for Units once the
Minimum Offering Condition is satisfied. Closings of sales of Units following
satisfaction of the Minimum Offering Condition will occur periodically on a

                                        1
<PAGE>

business day during the Offering Period that is designated by the Company, in
its sole discretion. The final closing will occur not more than thirty (30) days
following the end of the Offering Period or earlier termination of the Offering
if all the Units have been sold. You will be notified of the satisfaction or
failure of the Minimum Offering Condition, the acceptance or rejection in whole
or part of your subscription and, if your subscription is accepted in whole or
part and the Minimum Offering Condition is satisfied, the date of closing by
notice in writing.

1.4      Issuance of Certificates. Following the closing of a purchase of Units,
the Company will issue to the undersigned certificates representing (i) such
number of fully-paid, validly issued and non-assessable shares of the Common
Stock of the Company and (ii) a Warrant representing the right to purchase such
number of shares of Common Stock as are included in the number of Units accepted
by the Company.

1.5      Securities Law Issues. None of the Units, the Shares, the Warrants or
the Warrant Shares (collectively, the "Securities") has been registered under
the Securities Act, nor any applicable state securities or "blue sky" laws. This
Offering is being made in reliance on Rule 506 of Regulation D under the
Securities Act, which pertains to private placements of securities, and/or
Regulation S under the Securities Act, which pertains to offerings to "non-U.S.
persons" in transactions occurring outside of the United States. Subscribers for
Units are required to make certain representations on which the Company will
rely in connection with these safe harbors from the registration requirements of
the Securities Act.

2.1      Subscription for Units. Subscriber hereby subscribes to purchase the
number of Units set forth on the signature page of this Subscription Agreement.

2.2      Payment of Purchase Price. The aggregate purchase price for the Units
subscribed as set forth on the signature page is hereby tendered herewith by (x)
delivery of a check payable to "Hydron Technologies, Inc." or (y) confirmation
of a wire transfer to the Company of immediately available funds through the
United States Federal Reserve System.

3.1      PRIVATE PLACEMENT. THE OFFER AND SALE OF THE UNITS, COMPRISED OF THE
SHARES, THE WARRANTS AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF
THE WARRANTS (COLLECTIVELY, THE "SECURITIES"), HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT, OR ANY STATE SECURITIES OR "BLUE SKY" LAWS (COLLECTIVELY,
"SECURITIES LAWS"), AND THE SECURITIES ARE BEING OFFERED AND SOLD IN RELIANCE ON
EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES LAWS. THE
SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE
COMMISSION, ANY STATE SECURITIES COMMISSION OR ANY OTHER REGULATORY AUTHORITY,
NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF
THE OFFER AND SALE OF THE SECURITIES OR THE ACCURACY OR ADEQUACY OF ANY
INFORMATION PROVIDED TO THE SUBSCRIBER. ANY REPRESENTATION TO THE CONTRARY IS
UNLAWFUL.

                                        2
<PAGE>

3.2      RELIANCE BY COMPANY. THE SUBSCRIBER RECOGNIZES AND ACKNOWLEDGES THAT
THE RELIANCE BY THE COMPANY AND ITS OFFICERS AND DIRECTORS UPON SUCH EXEMPTIONS
FROM REGISTRATION ARE, IN PART, BASED UPON THE ACCURACY OF THE REPRESENTATIONS
AND AGREEMENTS OF THE SUBSCRIBER SET FORTH IN THIS SUBSCRIPTION AGREEMENT.

4.       Representations and Warranties of the Subscriber. The undersigned
acknowledges, represents and warrants to, and agrees with, the Company as
follows:

         a.       The undersigned has adequate means of providing for current
                  needs and possible contingencies, and anticipates no need now
                  or in the foreseeable future to sell the Securities;

         b.       The undersigned has such knowledge and experience in financial
                  and business matters that makes the undersigned capable of
                  evaluating the merits and risks of investment in the Company
                  and of making an informed investment decision;

         c.       The undersigned is aware that no federal or state agency has
                  passed upon the Units or any of the Securities or made any
                  finding or determination concerning the fairness of this
                  investment;

         d.       The undersigned has had an opportunity to ask questions of and
                  receive answers from representatives of the Company,
                  concerning the terms and conditions of this investment, and
                  all such questions have been answered to the full satisfaction
                  of the undersigned. Such representatives have not, however,
                  rendered any investment advice to the undersigned with respect
                  to the suitability of an investment in the Units;

         e.       The Units for which the undersigned hereby subscribes, the
                  Shares, the Warrants, and the Shares of Common Stock for which
                  such Warrants may be exercised (the "Warrant Shares") will be
                  acquired for the undersigned's own account, for investment
                  only and not with a view toward resale or distribution in a
                  manner which would require registration under the Securities
                  Act;

         f.       The undersigned has been made aware by the Company that
                  investment in the Units involves a high degree of risk and the
                  possible loss of the total amount invested;

         g.       The undersigned acknowledges that neither the Company nor any
                  representative of the Company has made any representations or
                  warranties in respect of the Company's business or
                  profitability;

         h.       The undersigned, if a corporation, partnership, trust or other
                  form of business entity is authorized and otherwise duly
                  qualified to purchase and hold the subscribed for Units. Such
                  entity has its principal place of business as set forth on the
                  signature page hereof and if such entity has been formed for

                                        3
<PAGE>

                  the specific purpose of acquiring the Units subscribed to
                  hereunder, it hereby agrees to supply any additional written
                  information that may be required by the Company;

         i.       All of the information that the undersigned has furnished in
                  this Subscription Agreement, including Section 5 or Section 6
                  (if a "Non-U.S. Person") hereof, and if an officer or director
                  of the Company, has furnished to the Company for inclusion in
                  reports of the Company filed with the Securities and Exchange
                  Commission ("SEC") pursuant to Section 13(a) of the Securities
                  Exchange Act of 1934, as amended (the "Exchange Act"),
                  including without limitation, the Company's Annual Report on
                  Form 10-K for the fiscal year ended December 31, 2002, is
                  correct and complete as of the date of this Subscription
                  Agreement. In the event that there is a material change in
                  such information prior to the time that the Company sells
                  Units to the Subscriber, the undersigned agrees to immediately
                  furnish revised or corrected information to the Company.

         j.       The Subscriber understands that the Company has no obligation
                  to register the Securities, except as expressly hereinafter
                  set forth, and the Company may not be able to effect such
                  registration;

         k.       The Subscriber acknowledges that he has had the opportunity to
                  ask questions of, and receive answers from, the Company
                  concerning the business and financial condition of the
                  Company; and the opportunity to review the Company's Annual
                  Report on Form 10-K for fiscal year ended December 31, 2002,
                  together with all other reports filed by the Company pursuant
                  to Section 13 of the Exchange Act subsequent to the filing of
                  such Form 10-K through the date of the execution and delivery
                  of this agreement;

         l.       No warranties or representations have been made to the
                  Subscriber by any officer, director, employee or agent of the
                  Company, except as expressly set forth herein;

         m.       The Subscriber has evaluated the risks of purchasing the
                  Units; determined that the purchase of the Units is a suitable
                  investment; has adequate financial resources for an investment
                  of such character; the Subscriber alone or with his
                  representative, has such knowledge and experience in financial
                  and business matters that the Subscriber is capable of
                  evaluating the merits and risks of the purchase of the Units;

         n.       The warranties and representations made herein by the
                  Subscriber are accurate, true and correct, and may be relied
                  upon by the Company in connection with the issuance of the
                  Units hereunder to the Subscriber; and

         o.       The undersigned, if a corporation, partnership, trust or other
                  form of business entity, is authorized and otherwise duly
                  qualified to purchase and hold the subscribed for Units. Such
                  entity has its principal place of business as set forth on the
                  signature page hereof and if such entity has been formed for

                                        4
<PAGE>

                  the specific purpose of acquiring the Units subscribed to
                  hereunder, it hereby agrees to supply any additional written
                  information that may be required by the Company.

5.       "Accredited Investor" Status. In accordance with paragraph i of Section
4 of this Subscription Agreement, the undersigned has placed an (X) in each of
the applicable spaces provided below:

_________________ (a)      The undersigned is an Institutional Investor (within
the list provided under Section 2(15)(i) of the Securities Act; e.g., a bank,
registered investment company, insurance company, business development company
or an employee benefit plan).

_________________ (b)      The undersigned is a natural person whose individual
net worth, or joint net worth with spouse, exceeds $1,000,000.

_________________ (c)      The undersigned is a natural person who had an
individual =income (less related expenses) in excess of $200,000 in each of the
last two years (2001 and 2002) or joint income with spouse in excess of $300,000
in each of those years and reasonably expects a net income in excess of $200,000
or $300,000, as the case may be, in the current year.

_________________ (d)      The undersigned is a director or executive officer of
the Company.

_________________ (e)      The undersigned is an entity owned entirely by any of
the persons described in subparagraphs (a) through (d) above.

_________________ (f)      None of the above.

6.       Non-U.S. Person Subscribers. In accordance with paragraph i of Section
4 of this Subscription Agreement, the undersigned, if a "non-U.S. person", has
placed an (X) at the end of this sentence and hereby represents and warrants as
provided below _____________:

         a.       The Subscriber represents and warrants that it is not a "U.S.
                  person" (as defined in Schedule A attached hereto).

         b.       The Subscriber acknowledges that the offer and sale of the
                  Securities consisting of the Units, and including the Shares,
                  Warrant and the Warrant Shares comprised in the Units, is not
                  taking place within the United States. The offer and sale of
                  the Units is taking place in an "offshore transaction" within
                  the meaning of Regulation S, under the Securities Act. For
                  purposes of this Subscription Agreement, "United States" means
                  the United States of America, its territories and possessions
                  and any state of the United States and District of Columbia.

         c.       The Subscriber acknowledges that the none of the Securities
                  have been registered under the Act and cannot be offered or
                  sold or otherwise transferred in the United States or to, or
                  for the account or benefit of "U.S. Persons" (as defined on
                  Schedule A attached hereto) for a period of not less than 40
                  days after the Closing Date (the "Restricted Period") unless
                  the Securities are registered under the Securities Act or an

                                        5
<PAGE>

                  exemption under the Securities Act is available, and that any
                  proposed transferee of Subscriber during the Restricted Period
                  will be required to execute and deliver to the Company an
                  instrument in form and substance satisfactory to the Company
                  agreeing to be bound by the foregoing restrictions and to
                  sell, transfer or otherwise dispose of the any of the
                  Securities only in accordance with Regulation S, a
                  registration statement under the Securities Act covering the
                  specific Security or otherwise in accordance with an exemption
                  from the registration requirements under the Securities Act.
                  Furthermore, if the Subscriber is acting on behalf of an
                  undisclosed principal, the Subscriber understands that by
                  purchasing Units the Subscriber represents and warrants and
                  agrees that the Securities cannot and will not be offered,
                  sold, resold or delivered in whole or part without compliance
                  with all applicable laws and regulations in force in any
                  jurisdiction to which such offer, sale, resale or delivery of
                  the Securities is subject, and that the Subscriber will
                  deliver to any person on behalf of which it is acting as agent
                  written notice to the foregoing effect.

         d.       The Subscriber has no present intent to offer, transfer or
                  sell any of the Securities in the United States or to any
                  "U.S. person" (as defined in Schedule A attached hereto) or in
                  a transaction other than an "offshore transaction" (as defined
                  in Schedule B attached hereto) after the expiration of the
                  Restricted Period.

         e.       The Subscriber is not a resident of any country or
                  jurisdiction where the offer or sale of the Securities
                  prohibited or requires registration or qualification. The
                  Subscriber acknowledges and agrees that it must comply with
                  all applicable laws and regulations in force in any
                  jurisdiction in which it purchases, offers or sells the
                  Securities or possesses or distributes this Subscription
                  Agreement or any of the related Offering materials and must
                  obtain any consent, approval or permission required by it for
                  the purchase, offer or sale by it of the Securities under the
                  laws and regulations in force in any jurisdiction to which it
                  is subject or in which it makes such purchases, offers or
                  sales, and the Company shall not have any responsibility
                  therefor. The Subscriber further acknowledges and agrees that
                  it will comply with all U.S. federal and state or "blue sky"
                  laws applicable to any resale of any of the Securities, as
                  applicable, after the Restricted Period.

7.       No Advertising or Representations. The Subscriber hereby represents and
warrants that the Subscriber is not acquiring the Units as a result of any
advertisement, article, notice or other communication published in any
newspaper, magazine or similar media, any seminar or any solicitation by a
person not previously known to the Subscriber. The Subscriber acknowledges and
agrees that no representations or warranties have been made to the Subscriber by
the Company, or any agent, Director, officer, employee or affiliate of the
Company, regarding the Company's capital stock or the Company's future financial
performance, and in subscribing for the Units, the Subscriber is not relying
upon any representation or warranty, verbal or written. Although the Subscriber
may have had access to projections and predictive, and forward looking
information prepared by the Company for its internal use and Subscriber may have
received copies of that information, Subscriber acknowledges and agrees that
Subscriber cannot rely upon any such projections, or predictive or forward
looking information in making a decision to purchase Units, and the Company
expressly disclaims responsibility for the accuracy or completeness of all such
information.

                                        6
<PAGE>

8.       No Commission or Brokerage Fee. The Subscriber represents that the
Subscriber has no knowledge of any commission, brokerage fee or other
remuneration being paid or to be paid directly or indirectly related to the sale
or solicitation of the sale of the Units.

9.       Reliance on Representations. The Subscriber understands the Company and
its officers and directors will be relying on the accuracy and completeness of
all representations and agreements of the Subscriber set forth in this
Subscription Agreement, and the Subscriber represents and warrants to the
Company and its officers and directors that the information, representations,
warranties, acknowledgments and all other matters with respect to the Subscriber
set forth herein are complete, true and correct and may be relied upon by the
Company and its officers and directors in determining whether the offer and sale
of the Common Stock to the Subscriber is exempt from registration under the
Securities Laws. The Subscriber agrees to notify the Company immediately of any
change in any representations and agreements of the Subscriber made herein that
occurs prior to the closing of the purchase of the Units.

10.      Consultation with Independent Counsel and Tax Advisor. Subscriber has
been advised that Subscriber should consult with his or her own legal and tax
advisors prior to executing this Subscription Agreement and consummating the
transactions contemplated hereby. Subscriber understands that the law firm of
Ruden McClosky Smith Schuster & Russell, P.A. represents only the Company in
connection with the transactions contemplated by this Subscription Agreement,
does not represent the Subscriber, and makes no representation regarding the
Company or this investment.

11.      Registration of Securities.
         --------------------------

         a.       The Company shall, for the benefit of holders of "Registrable
                  Securities" (as defined below), at the Company's cost, (A)
                  prepare and, as soon as practicable but not later than 90 days
                  following the date of closing of the Offering (the "Closing
                  Date"), file with the SEC a registration statement on an
                  appropriate form under the Act with respect to the
                  registration of the Shares, the Warrants and the Warrant
                  Shares, and (B) use its reasonable efforts to cause the
                  registration statement to be declared effective under the
                  Securities Act within 180 days of the Closing Date.

         b.       For purposes of this Section 11, "Registrable Securities"
                  means (x) all Shares, Warrants or Warrant Shares acquired by a
                  Subscriber [or such Subscriber's "Permitted Transferee" (as
                  defined below)] in connection with the Offering contemplated
                  by this Subscription Agreement and (y) all (i) outstanding
                  shares of common stock of the Company, and (ii) shares
                  issuable upon (1) exercise of options to purchase shares of
                  common stock, (2) exercise of warrants to purchase shares of
                  Common Stock and (3) conversion of debt obligations of the
                  Company, in each case, in each case, as set forth on Schedule
                  1 to this Subscription Agreement. For purposes of this Section

                                        7
<PAGE>

                  11, a "Permitted Transferee" is a spouse, sibling, parent or
                  child of a Subscriber, or any entity in which the Subscriber
                  has the right to vote and dispose of the Registrable
                  Securities owned by such entity.

         c.       The Company agrees (x) to prepare and file with the SEC such
                  amendments and supplements to such registration statement and
                  the prospectus used in connection therewith as may be
                  necessary to keep such registration statement effective for a
                  period of not less than five years from the Closing Date (or
                  such lesser time as necessary to permit each seller of
                  Registrable Stock to complete the distribution described in
                  such registration statement); and (y) to comply with the
                  provisions of the Securities Act with respect to the
                  disposition of all securities covered by such registration
                  statement during such period in accordance with the intended
                  methods of distribution by the sellers thereof set forth in
                  such registration statement. In connection therewith, the
                  Company will as expeditiously as possible:

                  (i)      furnish to each seller of Registrable Stock such
                           number of copies of such registration statement, each
                           amendment and supplement thereto, the prospectus
                           included in such registration statement (including
                           each preliminary prospectus) and such other documents
                           as such seller may reasonably request in order to
                           facilitate the disposition of the Registrable Stock
                           owned by such seller;

                  (ii)     use its reasonable best efforts to register or
                           qualify such Registrable Stock under the securities
                           or blue sky laws of such jurisdictions as any seller
                           reasonably requests and do any and all other acts and
                           things which may be reasonably necessary or advisable
                           to enable such seller to consummate the disposition
                           in such jurisdictions of the Registrable Stock owned
                           by such seller, provided that the Company will not be
                           required (A) to qualify generally to do business in
                           any jurisdiction where it would not otherwise be
                           required to qualify but for this subparagraph, (B) to
                           subject itself to taxation in any such jurisdiction
                           or (C) to consent to general service of process in
                           any such jurisdiction;

                  (iii)    notify each seller of such Registrable Stock, at any
                           time when a prospectus relating thereto is required
                           to be delivered under the Securities Act, of the
                           happening of any event as a result of which the
                           prospectus included in such registration statement
                           contains an untrue statement of a material fact or
                           omits any fact necessary to make the statements
                           therein not misleading, and, at the request of any
                           such seller, the Company will prepare a supplement or
                           amendment to such prospectus so that, as thereafter
                           delivered to the purchasers of such Registrable
                           Stock, such prospectus will not contain an untrue
                           statement of a material fact or omit to state any
                           fact necessary to make the statements therein not
                           misleading;

                  (iv)     cause all such Registrable Stock to be listed on each
                           securities exchange on which similar securities
                           issued by the Company are then listed and to be

                                        8
<PAGE>

                           qualified for trading on each system on which similar
                           securities issued by the Company are from time to
                           time qualified;

                  (v)      provide a transfer agent and registrar for all such
                           Registrable Stock not later than the effective date
                           of such registration statement and thereafter
                           maintain such a transfer agent and registrar;

                  (vi)     use its reasonable best efforts promptly to obtain
                           the withdrawal of any stop order that is issued
                           suspending the effectiveness of such registration
                           statement, or of any order suspending or preventing
                           the use of any related prospectus or suspending the
                           qualification of any Registrable Stock included in
                           such registration statement for sale in any
                           jurisdiction; and

                  (vii)    indemnify holders of the Registrable Stock against
                           any liability based on material misstatements or
                           omissions in the registration statement, other than
                           with respect to information provided for inclusion in
                           the registration statement by holders of the
                           Registrable Stock.

         d.       As a condition to inclusion of the Registrable Stock in the
                  registration statement, the holders of the Registrable Stock
                  agree to (x) provide the Company with such information as the
                  Company may reasonably request for inclusion in the
                  registration statement and (y) indemnify the Company, its
                  officers, directors and shareholders against any liability
                  based on material misstatements or omission in the information
                  provided by the holders of Registrable Stock for inclusion in
                  the registration statement.

12.      Limitation on Transfer of Shares. THERE ARE SUBSTANTIAL RESTRICTIONS ON
THE TRANSFERABILITY OF THE SHARES, THE WARRANTS AND THE WARRANT SHARES, AND THE
SUBSCRIBER MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THE INVESTMENT FOR AN
INDEFINITE PERIOD OF TIME. The undersigned acknowledges that the Shares, the
Warrants and the Warrant Shares may not be sold unless such sale is registered
or exempt from registration under the Securities Act. The undersigned further
agree to be responsible for compliance with all conditions on transfer imposed
by any applicable state Blue Sky or securities law. Each certificate
representing Shares shall bear a legend in the form of Annex A hereto stating
that such shares are subject to restrictions on transfer pursuant to applicable
federal and state securities law.

13.      Call Option and Transfer Restrictions. The Warrants shall be subject to
a right to repurchase by the Company at any time after the price of a share of
Common Stock equals or exceeds the "Call Price" (as such term is defined in the
Warrant, a copy of which is attached as Exhibit B hereto and made a part
hereof).

14.      Indemnification. The undersigned understands the meaning and legal
consequences of the representations and warranties in this Subscription
Agreement, and hereby agrees to indemnify and hold harmless the Company, its
officers, directors, attorneys and agents, from and against any and all loss,
damage or liability due to or arising out of a breach of any such
representations or warranties.

                                        9
<PAGE>

15.      Miscellaneous.
         -------------

         a.       This Agreement and the Warrant constitutes the entire
                  agreement and understanding of the parties hereto with respect
                  to the subject matter hereof and no amendment, modification of
                  waiver of any provision herein shall be effective unless in
                  writing, executed by the party charged therewith.

         b.       This Agreement shall be construed, interpreted and enforced in
                  accordance with and shall be governed by the laws of the State
                  of Florida without regard to the principles of conflicts of
                  laws.

         c.       No party has incurred, nor will incur any liability for
                  brokerage fees or commissions in connection with the
                  transactions contemplated hereby, and all parties warrant that
                  no third party was instrumental in consummating this
                  transaction so as to earn any such fee.

         d.       Any notice or other communication under the provisions of this
                  Agreement shall be in writing, and shall be given by postage
                  prepaid, registered or certified mail, return receipt
                  requested, by hand delivery with an acknowledgement copy
                  requested, or by the Express Mail service offered by the
                  United States Post Office, directed to the addresses set forth
                  herein, or to any new address of which any party hereto shall
                  have informed the others by the giving of notice in the manner
                  provided herein. Such notice or communications shall be
                  effective, if sent by mail, three (3) days after it is mailed
                  within the continental United States; if sent by Express Mail
                  Service, one (1) day after it is mailed; or by hand delivery,
                  upon receipt.





                         [THE REMAINDER OF THIS PAGE IS

                            INTENTIONALLY LEFT BLANK]


                                       10
<PAGE>

       IN WITNESS WHEREOF, the undersigned has executed this Subscription
                  Agreement for the following number of Units:

Number of Units subscribed for:                               __________________

Total purchase price (number of shares x $0.50):              $_________________


_________________________________________________
(Signature of Subscriber)


_________________________________________________
(Please print name, if signing for
corporation or other entity, please
also print title of signature and name of entity)


_________________________________________________
(Social Security or Tax Identification
Number, if applicable)

Execution Date:_____________________, 2003

Mailing address of Subscriber (please print):


_________________________________________________


_________________________________________________


_________________________________________________
(City) (State) (Zip Code)

_________________________________________________
(Telephone Number)

(If less than the entire subscription is accepted)

Number of Units accepted:                                     __________________

Total purchase price (number of Units x $0.50)                $_________________

HYDRON TECHNOLOGIES, INC.



By:______________________________________________
         Name:  William A. Lauby
         Title: Chief Financial Officer


                                       11
<PAGE>

<TABLE>
<CAPTION>
                                                 SCHEDULE 1
                                           Registrable Securities

                                          Executive                           Number of      Number of Shares
                                         Officer or         Number of         Warrants/      under Warrants/
Name of Holder                            Director           Shares          Options (A)     /Options in (A)
--------------                         ---------------   ---------------   ---------------   ---------------

<S>                                                <C>         <C>               <C>               <C>
Life International Products Inc.                    No           325,000                 0                 0

Richard Banakus                                    Yes         1,250,000         1,250,000         1,250,000

Ronald J. Saul and Antonette G. Saul               Yes           125,000           125,000           125,000

Andrew A. Darmstadter                               No           250,000           250,000           250,000

Regis Synan                                         No           125,000           125,000           125,000

Ronald J. Saul                                     Yes                 0           125,000           125,000

Richard Banakus                                    Yes                 0           125,000           125,000

                                                         ---------------   ---------------   ---------------
                                                               2,075,000         2,000,000         2,000,000
</TABLE>


                                       12
<PAGE>

                                     ANNEX A

                            RESTRICTIVE STOCK LEGEND


         The number of units (each a "Unit" and collectively, the "Units") set
forth on the signature page of this Subscription Agreement comprised of (i) one
(1) share (each a "Share" and collectively, the "Shares") of the Common Stock,
$0.01 par value per share ("Common Stock"), of Hydron Technologies, Inc., a New
York corporation (the "Company"), and (ii) a Warrant to purchase one (1) share
of Common Stock (each and "Warrant" and, collectively, the "Warrants") at any
time or from time to time exercisable in whole or in part for a [five (5)] year
period ending on the [fifth] anniversary of the date of this letter agreement at
an exercise price of $1.00 per share, are subject to certain restrictions on
transfer under federal and applicable state securities law. Certificates
evidencing Shares, Warrants and shares of Common Stock to be issued upon
exercise of the Warrants shall each bear one (if a U.S. subscriber) or both of
the following restrictive legends with respect to such restrictions:

                "THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
                    ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
                    APPLICABLE STATE SECURITIES LAWS. THEY MAY NOT BE SOLD,
                    OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF
                    A REGISTRATION IN EFFECT WITH RESPECT TO THE SECURITIES
                    UNDER THE SECURITIES ACT AND REGISTRATION OR QUALIFICATION
                    UNDER APPLICABLE STATE SECURITIES LAWS OR, IF REASONABLY
                    REQUESTED BY THE COMPANY, AN OPINION OF COUNSEL SATISFACTORY
                    TO THE COMPANY THAT SUCH REGISTRATION OR QUALIFICATION IS
                    NOT REQUIRED."

NON-U.S. SUBSCRIBER:
-------------------

         THESE SECURITIES ARE BEING OFFERED IN ACCORDANCE WITH REGULATION S
         UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
         STATES OR TO U.S. PERSONS (AS DEFINED IN REGULATION S) UNLESS THE
         SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT OR AN EXEMPTION FROM
         THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. THESE
         SECURITIES ARE SUBJECT RESTRICTIONS ON TRANSFER AND RESALE AND MY NOT
         BE OFFERED, TRANSFERRED OR RESOLD UNLESS THE SECURITIES ARE REGISTERED
         UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION
         REQUIRMENTS OF THE SECURITIES ACT IS AVAILABLE.

                                       13
<PAGE>

                                   SCHEDULE A
                                   ----------

The term "U.S. Person" means:

1.       Any natural person resident in the United States;

2.       Any partnership or corporation organized or incorporated under the laws
of the United States;

3.       Any estate of which any executor or administrator is a U.S. person;

4.       Any trust of which any trustee is a U.S. person;

5.       Any agency or branch of a foreign entity located in the United States;

6.       Any non-discretionary account or similar account (other than estate or
trust) held by a dealer or other fiduciary for the benefit or account of a U.S.
person;

7.       Any discretionary account or similar account (other than an estate or
trust) held by a dealer or other fiduciary for the benefit or account of a U.S.
person;

8.       Any partnership or corporation if: (A) organized or incorporated under
the laws of any foreign jurisdiction; and (B) formed by a U.S. person
principally for the purpose of investment in securities not registered under the
Securities Act, unless it is organized or incorporated, and owned, by accredited
investors (as defined in Rule 501(a) under the Securities Act) who are not
natural persons, estates or trusts.

9.       Notwithstanding paragraphs 1-8 above, any discretionary account or
similar account (other than an estate or trust) held for the benefit or account
of a non-U.S. person by a dealer or other professional fiduciary organized,
incorporated, or (if an individual) resident in the United States shall not be
deemed a "U.S. person."

10.      Notwithstanding paragraphs 1-8 above, any estate of which any
professional fiduciary acting as executor or administrator is a U.S. person
shall not be deemed a U.S. person if:

         (i)      an executor or administrator of the estate who is not a U.S.
                  person has sole or shared investment discretion with respect
                  to the assets of the estate; and

         (ii)     the estate is governed by foreign law.

11.      Notwithstanding paragraphs 1-8 above, any trust of which any
professional fiduciary acting as trustee is a U.S. person shall not be deemed a
U.S. person if a trustee who is not a U.S. person has sole or shared investment
discretion with respect to the trust assets, and no beneficiary of the trust
(and no settler if the trust is revocable) is a U.S. person.

                                       14
<PAGE>

12.      Notwithstanding paragraphs 1-8 above, any employee benefit plan
established and administered in accordance with the law of a country other than
the United States and customary practices and documentation of such country
shall not be deemed a U.S. person.

13.      Notwithstanding paragraphs 1-8 above, any agency or branch of a U.S.
person located outside the United States shall not be deemed a "U.S. person" if:

         (i)      the agency or branch operates for valid business reasons; and

         (ii)     the agency or branch is engaged in the business of insurance
                  or banking and is subject to subject to substantive insurance
                  or banking regulation, respectively, in the jurisdiction where
                  located.

14.      The International Monetary Fund, the International Bank for
Reconstruction and Development, the Inter-American Development Bank, the Asian
Development Bank, the African Development Bank, the United States, and their
agencies, affiliates and pension plans, and any other similar international
organizations; their agencies, affiliates and pension plans shall not be deemed
"U.S. person."

15.      For the purposes of this Schedule A, the term "United States" means the
United States of America, its territories and possessions, any state of the
United States and the District of Columbia.

                                       15
<PAGE>

                                   SCHEDULE B
                                   ----------

1.       An offer or sale of securities is made in an "offshore transaction" if:

         (i)      the offer is not made to a person in the United States; and

         (ii)     either:

                  (a)      at the time the buy order is originated the buyer is
                           outside the United States, or the seller and any
                           person acting on its behalf reasonably believes that
                           the buyer is outside the United States; or

                  (b)      the transaction is executed in, on or through the
                           facilities of a designated offshore securities market
                           described in paragraph 4 below, and neither the
                           seller nor any person acting on its behalf knows that
                           the transaction has been pre-arranged with a buyer in
                           the United States.

2.       Notwithstanding paragraph 1 above, offers and sales of securities
specifically targeted at identifiable groups of U.S. citizens abroad, such as
members of the U.S. armed forces serving overseas, shall not be deemed to be
made in "offshore transactions."

3.       Notwithstanding paragraph 1 above, offers and sales of securities to
persons excluded from the definition of "U.S. person" pursuant to paragraph 14
of Schedule A or person holding accounts excluded from the definition of "U.S.
person" pursuant to paragraph 9 of Schedule A, solely in their capacities as
holders of such accounts, shall be deemed to be made in "offshore transactions."

4.       The term "designated offshore securities market" means:

         (i)      the Eurobond market, as regulated by the Association of
                  International Bond Dealers; the Amsterdam Stock Exchange; the
                  Australian Stock Exchange Limited; the Bourse de Bruxelles;
                  the Frankfurt Stock Exchange; The Stock Exchange of Hong Kong
                  Limited; The International Stock Exchange of the United
                  Kingdom and the Republic of Ireland, Ltd.,; the Johannesburg
                  Stock Exchange; the Bourse de Luxembourg; the Borsa Valori di
                  Milan; the Montreal Stock Exchange; the Bourse de Paris; the
                  Stockholm Stock Exchange; the Tokyo Stock Exchange; the
                  Toronto Stock Exchange; the Vancouver Stock Exchange; and the
                  Zurich Stock Exchange; and

         (ii)     any foreign securities exchange or non-exchange market
                  designated by the Securities and Exchange Commission.
                  Attributes to be considered in determining whether to
                  designate such a foreign securities market, among others,
                  include:

                  (a)      organization under foreign law;

                                       16
<PAGE>

                  (b)      association with a generally recognized community of
                           brokers, dealers, banks or other professional
                           intermediaries with an established operating history;

                  (c)      oversight by a governmental or self-regulatory body;

                  (d)      oversight standards set by an existing body of law;

                  (e)      reporting of securities transactions on a regular
                           basis to a governmental or self-regulatory body;

                  (f)      a system for exchange of price quotations through
                           common communications media; and

                  (g)      an organized clearance and settlement system.

                                       17