EXHIBIT 10.8


EXECUTION VERSION







 


SECOND AMENDMENT TO INTELLECTUAL PROPERTY
SECURITY AGREEMENT

(APPLIED DNA SCIENCES, INC.)


 


This SECOND AMENDMENT
TO INTELLECTUAL PROPERTY SECURITY AGREEMENT (this “Amendment”), dated as of July 19, 2019, is made by APPLIED
DNA SCIENCES, INC., a Delaware corporation (the “Grantor”) in favor of DELAWARE TRUST COMPANY, a
Delaware corporation, as collateral agent (together with its successors and assigns, in such capacity, the “Collateral
Agent”) for the benefit of the Secured Parties (as defined in the Security Agreement referred to below).


 


W I T N E S S E T H:


 


WHEREAS, the
Grantor and the Collateral Agent are parties to that certain Security Agreement, dated as of October 19, 2018 (as amended, amended
and restated, supplemented or otherwise modified from time to time, the “Security Agreement”), whereby the Grantor
granted a security interest in substantially all of its tangible and intangible assets, whether real or personal property, now
or hereafter acquired (the “Collateral”), to the Collateral Agent for the ratable benefit of the Secured Parties;


 


WHEREAS, in
connection with the Security Agreement, the Issuer executed and delivered that certain Intellectual Property Security Agreement,
dated as of October 19, 2018 and amended by that certain First Amendment to Intellectual Property Security Agreement, dated February
26, 2019 (as so amended and as may be further amended, amended and restated, supplemented or otherwise modified from time to time,
the “IP Security Agreement”) in favor of the Collateral Agent for the ratable benefit of the Secured Parties;


 


WHEREAS, the
Grantor has requested and the Secured Parties, by their execution and acknowledgement hereof, have each agreed, subject to the
terms of this Amendment, to amend the Security Agreement as provided herein; and


 


NOW, THEREFORE,
the parties hereto hereby agree as follows, for good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged:


 


1.            
Definitions. Capitalized terms used and not otherwise defined in this Amendment shall have the respective
meanings given to such terms in the IP Security Agreement.


 


2.            
Amendment to the IP Security Agreement. The parties hereto agree, intending to be legally bound, the second
“WHEREAS” clause of the IP Security Agreement is hereby amended and restated, in its entirety, as follows:


 


“WHEREAS,
Grantor is party to the (i) Securities Purchase Agreement, dated as of August 31, 2018 (the “August Securities Purchase
Agreement”), (ii) the Securities Purchase Agreement, dated as of November 29, 2018 (the “November Securities
Purchase Agreement”), and (iii) the Securities Purchase Agreement, dated as of July 16, 2019 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “July Securities Purchase Agreement” and,
together with the August Securities Purchase Agreement and the November Securities Purchase Agreement, collectively, the “Securities
Purchase Agreement”), in each case, with the Buyers party thereto.”


 


 






     


     


    

 


3.            
Ratification. Except as specifically modified herein, the terms of the IP Security Agreement shall remain
in full force and effect. This Amendment shall be construed in connection with and as a part of the IP Security Agreement and,
except as expressly amended by this Amendment, all terms, conditions, covenants, representations and warranties contained in the
IP Security Agreement is hereby ratified and shall be and remain in full force and effect. Any and all notices, requests, certificates
and other instruments executed and delivered after the execution and delivery of this Amendment may refer to the IP Security Agreement
without making specific reference to this Amendment, but nevertheless all such references shall include this Amendment.


 


4.            
Parties Bound. This Amendment shall be binding on and inure to the benefit of (i) the Grantor and (ii) the
Secured Parties, as well as each of their respective heirs, executors, administrators, legal representatives, successors and assigns,
except as otherwise expressly provided for herein.


 


5.            Counterparts and Signatures. This Amendment may be executed in any number of counterparts, each of which when
so executed and delivered shall be deemed to be an original, and all of which taken together shall constitute but one and the same
instrument. The transmission or receipt of a facsimile or similar communication being a reproduction of a party’s signature
or initial shall produce the same legal result as the transmission or receipt of an original signature or initial.


 


6.            Severability of Provisions. Any provision of this Amendment which is prohibited and unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibitive or enforceability without invalidating the remaining
provisions hereof or affecting the validity or enforceability of such provisions in any other jurisdiction.


 


7.            Section Headings. The Section headings used in this Amendment are for convenience only and shall not affect
the construction of this Amendment.


 


8.            Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State
of New York.


 


9.            Costs and Expenses. Without limiting any expense or indemnity provisions set forth in the IP Security Agreement,
the Grantor agrees to pay on demand all reasonable and documented out-of-pocket expenses, fees, and disbursements (including reasonable
and documented attorneys’ fees and expenses) of the Collateral Agent in connection with the negotiation, preparation, execution,
delivery and administration of this Amendment.


 


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IN WITNESS WHEREOF, the parties have executed
this Amendment as of the day and year first above written.


 


	 	 	GRANTOR:
	 	 	 	 
	 	 	APPLIED DNA SCIENCES, INC., a Delaware corporation
	 	 	 	 
	 	 	By:	/s/ Beth Jantzen
	 	 	Print Name:  Beth Jantzen, CPA
	 	 	Its:  Chief Financial Officer




















 





Signature Page to Second Amendment to
IP Security Agreement (Issuer)