Document:

Exhibit 10.2

    
      

    

    Exhibit
      10.2

     

    

      SETTLEMENT
        AGREEMENT

      AND

      GENERAL
        RELEASE OF ALL CLAIMS

       

      This
        Settlement Agreement and General Release of All Claims (“Agreement”) is made by
        and between Applied DNA Sciences, Inc. (“ADNAS”), APDN (B.V.I.), Inc., Applied
        DNA Operations Management, Inc., James Hayward, and Jun-Jei Sheu (“Defendants”),
        on the one hand, and Angela Wiggins (“WIGGINS”) on the other hand (collectively
“the parties”) with respect to the following facts:

       

      	A.  	
              WIGGINS
                was at various times an employee of or consultant to Defendant
                ADNAS.

            

       

      	B.  	
              On
                April 10, 2007, WIGGINS filed Case No. BC369331 in Los Angeles Superior
                Court against Defendants (“WIGGINS’ Action”) arising out of WIGGINS’
                employment and/or consulting relationship with ADNAS, alleging breach
                of
                written contracts, breach of oral contracts, and
                fraud.

            

       

      	C.  	
              On
                March 15, 2007, ADNAS filed Case No. BC367661 against WIGGINS (“ADNAS’
                Action”), alleging unjust enrichment and breach of fiduciary
                duty.

            

       

      	D.  	
              Both
                ADNAS and WIGGINS believe that their own actions are meritorious
                and the
                actions against them are without merit. Notwithstanding this belief,
                in
                the interest of reaching a mutual negotiated resolution of all claims
                or
                possible claims between the parties, the parties now desire to settle
                all
                claims asserted or that could have been asserted in any action arising
                out
                of or in any way related to any acts, transactions or events that
                have
                occurred between them to date, including but not limited to any claims
                that may have arisen before, during, or after the employment or consulting
                relationships alleged in WIGGINS’ Action, and all claims brought in
                WIGGINS’ Action and ADNAS’ Action.

            

       

      THEREFORE,
        in consideration of the promises and mutual agreements hereinafter set forth,
        it
        is agreed by and between the undersigned as follows:

       

      1.    
Payment.
        ADNAS
        agrees to pay WIGGINS $40,000.00. Payment to WIGGINS will be made in five
        equal
        monthly installments in the amount of $8,000.00 by check made payable to
        “Makarem & Associates Attorney-Client trust account.” The first installment
        shall be due to be mailed by FedEx or other overnight courier service to
        Makarem
& Associates, 11601 Wilshire Blvd, Suite 2440, Los Angeles, California
        90025-1760, on or before June 1, 2007, with each subsequent monthly installment
        due to be mailed on or before the first business day of the following months,
        with the final installment due to be mailed on or before October 1,
        2007.

       

      WIGGINS
        acknowledges and agrees that the payments under this paragraph and the other
        agreements made herein by Defendants constitute adequate legal consideration
        for
        the promises and representations made by it in this Agreement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      2.    
Releases.

       

      2.1.  WIGGINS
        generally, unconditionally, irrevocably and absolutely releases and discharge
        Defendants, and any parent and subsidiary corporations, divisions and other
        affiliated or related entities of Defendants, past and present, as well as
        the
        past or present employees, officers, directors, agents, attorneys, insurers,
        successors and assigns of each (collectively, “Released Parties”), from all
        claims related in any way to the transactions or occurrences between them
        to
        date, to the fullest extent permitted by law, including, but not limited
        to,
        WIGGINS’ hiring by and employment or consulting relationship with ADNAS,
        WIGGINS’ compensation, wages or pay of any kind related to Defendants, her
        separation of employment from ADNAS, and all other losses, liabilities, claims,
        charges, demands and causes of action, known or unknown, suspected or
        unsuspected, arising directly or indirectly out of or in any way connected
        with
        WIGGINS’ employment with ADNAS. This release is intended to have the broadest
        possible application and includes, but is not limited to, any tort, contract,
        common law, constitutional or other statutory claims, including, but not
        limited
        to alleged violations of the California Labor Code or the federal Fair Labor
        Standards Act, the California Family Rights Act, Title VII of the Civil Rights
        Act of 1964 and the California Fair Employment and Housing Act, the Americans
        with Disabilities Act, the Age Discrimination in Employment Act of 1967,
        as
        amended, and all claims for attorneys’ fees, costs and expenses. This release
        unconditionally, irrevocably and absolutely releases and discharges the Released
        Parties from all of the claims asserted by WIGGINS in WIGGINS’ Action, and/or
        any other claims that she could have maintained in WIGGINS’ Action. WIGGINS
        represents and warrants that she is not a plaintiff or party to any suit,
        action
        or proceeding in which any Released Party is a party, other than WIGGINS’ Action
        and ADNAS’ Action.

       

      2.2.  Defendants
        unconditionally, irrevocably and absolutely release and discharge WIGGINS
        from
        all claims related in any way to the transactions or occurrences between
        them to
        date, to the fullest extent permitted by law, including, but not limited
        to,
        WIGGINS’ hiring by and employment with or consulting relationship with ADNAS,
        WIGGINS’ compensation, wages or pay of any kind related to Defendants, her
        separation of employment from ADNAS, and all other losses, liabilities, claims,
        charges, demands and causes of action, known or unknown, suspected or
        unsuspected, arising directly or indirectly out of or in any way connected
        with
        WIGGINS’ employment with ADNAS. This release is intended to have the broadest
        possible application and includes, but is not limited to, any tort, contract,
        common law, constitutional or other statutory claims. This release
        unconditionally, irrevocably and absolutely releases and discharges WIGGINS
        from
        all of the claims asserted by ADNAS in ADNAS’ Action, and/or any other claims
        could have been maintained in ADNAS’ Action.

       

      2.3.  The
        parties acknowledge that they may discover facts or law different from, or
        in
        addition to, the facts or law that they know or believe to be true with respect
        to the claims released in this Agreement and agree, nonetheless, that this
        Agreement and the releases contained in it shall be and remain effective
        in all
        respects notwithstanding such different or additional facts or the discovery
        of
        them.

       

      2.4.  The
        parties declare and represent that they intend this Agreement to be complete
        and
        not subject to any claim of mistake, and that the releases herein express
        full
        and complete releases, and that they intend that the releases herein shall
        be
        final and complete. All parties execute these releases with the full knowledge
        that these releases cover all possible claims against WIGGINS or the Released
        Parties, to the fullest extent permitted by law.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      2.5.  WIGGINS
        expressly waives her right to recovery of any type, including damages,
        penalties, or reinstatement, in any administrative or court action, whether
        state or federal, and whether brought by WIGGINS or on WIGGINS’ behalf, related
        in any way to the matters released herein. Defendants similarly waive their
        rights against WIGGINS to recovery of any type, including damages or penalties,
        in any administrative or court action, whether state or federal, and whether
        brought by Defendants or on Defendants’ behalf, related in any way to the
        matters released herein.

       

      3.    
California
        Civil Code section 1542 Waiver.
        The
        parties expressly acknowledge and agree that, with respect to their respective
        release of claims as set forth above, they expressly waive all rights under
        Section 1542 of the California Civil Code. That section provides:

       

      A
        GENERAL
        RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT
        TO
        EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF
        KNOWN
        BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE
        DEBTOR.

       

      4.    
Dismissal
        of WIGGINS’ Action and ADNAS’ Action.
        The
        parties agree to obtain the dismissal of WIGGINS’ Action in its entirety and
        ADNAS’ Action as to WIGGINS, with prejudice, by taking all necessary steps to
        secure such dismissals. No payment shall be made pursuant to paragraph 1
        herein
        until WIGGINS’ Action is dismissed with prejudice.

       

      5.    
Default.

       

      5.1.  If
        any
        required payment is not received by the close of business on the tenth business
        day of any month when due, ADNAS shall be deemed in default of this Agreement.
        Counsel for WIGGINS shall give notice of default in writing by e-mail or
        facsimile to counsel for ADNAS, and ADNAS shall have ten business days from
        the
        date when notice of default is sent to its counsel to cure the default by
        payment of the full amount of the overdue installment.

       

      5.2.  If
        ADNAS
        fails to cure the default in the manner provided by Paragraph 5.1 above by
        the
        close of business on the tenth business day after notice of default is sent
        to
        their counsel, Defendants stipulate and agree that WIGGINS may cause judgment
        to
        be entered forthwith in the Action against Defendants Applied DNA Sciences,
        Inc., APDN Operations Management, Inc., and APDN (B.V.I.), Inc., (collectively
        “ADNAS Defendants”) in an amount equal to three times the remaining balance on
        the date of default, plus interest on said judgment from the date of default,
        enforceable against any or each of the ADNAS Defendants, in WIGGINS’ sole
        discretion, ADNAS Defendants to be liable for all costs of
        collection.

       

      5.3.  The
        Parties stipulate and agree that their respective counsel shall execute and
        submit to the Court where the Actions are pending a “Notice of Settlement;
        Request that Court Retain Jurisdiction Under CCP §664.6; Stipulation for
        Judgment on Default; Order Thereon” in the form attached hereto as Exhibit A,
        and further stipulate and agree that in the event of Defendants’ default, the
        Stipulated Judgment to be entered shall be in the form attached hereto as
        Exhibit B.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      6.    
Promise
        Not to Prosecute.
        The
        parties agree that they will not prosecute, nor allow to be prosecuted on
        their
        behalf, in any administrative agency, whether state or federal or in any
        court,
        whether state or federal, any claim or demand of any type related to the
        matters
        released above, it being the intention of the parties that with the execution
        of
        this release, WIGGINS and the Released Parties will be absolutely,
        unconditionally and forever discharged of and from all obligations to the
        other
        party related in any way to the matters discharged herein.

       

      7.    
No
        Admissions.
        By
        entering in to this Agreement, neither WIGGINS nor Defendants make any admission
        that they have engaged, or are now engaging, in any unlawful conduct. The
        parties understand and acknowledge that this Agreement is not an admission
        of
        liability and shall not be used or construed as such in any legal or
        administrative proceeding.

       

      8.    
[Intentionally
        left blank.]

       

      9.    
Severability.
        In the
        event that any provision of this Agreement shall be found unenforceable by
        a
        court of competent jurisdiction, the provision shall be deemed modified to
        the
        extent necessary to allow enforceability of the provision as so limited,
        it
        being intended that WIGGINS and the Released Parties shall receive the benefits
        contemplated herein to the fullest extent permitted by law. If a deemed
        modification is not satisfactory in the judgment of such court, the
        unenforceable provision shall be deemed deleted, and the validity and
        enforceability of the remaining provisions shall not be affected
        thereby.

       

      10.   Attorneys’
        Fees and Costs.
        All
        parties to this Agreement agree that they will bear their own attorneys’ fees,
        costs and all other expenses in connection with WIGGINS’ Action and ADNAS’
Action.

       

      11.   No
        Assignment.
        WIGGINS
        warrants and represents that she has not assigned or transferred to any person
        not a party to this Agreement any released matter or any right to any of
        the
        payments or other consideration provided by Defendants pursuant to this
        Agreement. WIGGINS agrees to defend, indemnify and hold Defendants and all
        Released Parties harmless from any and all claims based on or in connection
        with
        or arising out of any such assignment or transfer made, purported or
        claimed.

       

      12.   Joint
        Drafters.
        Counsel
        for WIGGINS and counsel for ADNAS have jointly drafted this Agreement. Thus,
        no
        rule of law that ambiguity in an Agreement will be construed against the
        drafter
        shall be applied in interpreting this Agreement.

       

      13.   Applicable
        Law.
        The
        validity, interpretation and performance of this Agreement shall be construed
        and interpreted according to the laws of the United States of America and
        the
        State of California.

       

      14.   Full
        Defense.
        This
        Agreement may be pled as a full and complete defense to, and may be used
        as a
        basis for an injunction against, any action, suit or other proceeding that
        may
        be prosecuted, instituted or attempted by any party in breach hereof. The
        parties agree that in the event that an action or proceeding is instituted
        by
        any party in order to enforce the terms or provisions of this Agreement,
        the
        prevailing party in such proceeding shall be entitled to an award of reasonable
        costs and attorneys’ fees incurred in connection with enforcing this
        Agreement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      15.   Tax
        Issues.
        In the
        event that there is any federal, state or local tax assessed or to be paid
        as a
        result of any payments made pursuant to this Agreement, WIGGINS shall be
        solely
        responsible for the taxes, penalties, interest and assessments and hereby
        agrees
        to release and indemnify Defendants from any and all claims by any local,
        state
        or federal government agency for any unpaid taxes. Before any payment may
        be
        made pursuant to paragraph 1 of this Agreement, WIGGINS will provide to ADNAS
        an
        IRS Form W-9. ADNAS shall issue and file an IRS Form 1099 regarding any payments
        for which customary withholdings have not been taken.

       

      16.   Good
        Faith.
        The
        parties agree to do all things necessary and to execute all further documents
        necessary and appropriate to carry out and effectuate the terms and purposes
        of
        this Agreement.

       

      17.   Entire
        Agreement; Modification.
        This
        Agreement is intended to be the entire agreement between the parties and
        supersedes and cancels any and all other and prior agreements, written or
        oral,
        between the parties regarding this subject matter. It is agreed that there
        are
        no collateral agreements or representations, written or oral, regarding the
        settlement of all claims between the parties other than those set forth in
        this
        Agreement. This Agreement may be amended only by a written instrument executed
        by all parties hereto.

       

      18.   Counterparts.
        This
        Agreement may be executed in counterparts and shall be binding on all parties
        when each has signed either an original or copy of this Agreement. Facsimile
        signatures may be treated as originals.

       

      [The
        remainder of this page is intentionally left blank and is followed by the
        signature page.]

       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

       

      PARTIES
        TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND
        EACH
        AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED
        THIS
        AGREEMENT ON THE DATES SHOWN BELOW.

      
 

      
        Applied
          DNA Sciences, Inc.

        APDN
          (B.V.I.), Inc.

        APDN
          Operations Management, Inc. 

        

        

        Dated:
          ___________________          By:
          ____________________________

        Dr.
          James
          Hayward

        CEO
          and
          as an individual Defendant

        

         

        

        Dated:
          ___________________          By:
          ____________________________

        Dr.
          Jun-Jei Sheu

        Defendant

         

        

        Dated:
          ___________________          By:
          ____________________________

        Angela
          Wiggins

        Plaintiff

        

        Approved
          as to Form and Content:

         

        Makarem
          & Associates

        

        

        Dated:
          ___________________          By:
          ____________________________

        Peter
          M.
          Kunstler

        Attorney
          for Angela Wiggins

        

        Hansen
          & Taylor LLP

        

        

        Dated:
          ___________________          By:
          ____________________________

        Gregory
          S. Taylor

        Attorneys
          for DefendantsExhibit 10.3

    
      

    

    Exhibit
      10.3

     

    
       

      
        SETTLEMENT
          AGREEMENT

        AND

        GENERAL
          RELEASE OF ALL CLAIMS

        

        This
          Settlement Agreement and General Release of All Claims (“Agreement”) is made by
          and between Applied DNA Sciences, Inc. (“ADNAS”), APDN (B.V.I.), Inc., Applied
          DNA Operations Management, Inc., James Hayward, and Jun-Jei Sheu (“Defendants”),
          on the one hand, and Adrian Butash (“BUTASH”) on the other hand (collectively
“the parties”) with respect to the following facts:

        

        	A.  	
                BUTASH
                  was at various times an employee of or consultant to Defendant
                  ADNAS.

              

        

        	B.  	
                On
                  April 17, 2006, BUTASH filed Case No. BC350904 in Los Angeles Superior
                  Court against Defendants (“BUTASH’s Action”) arising out of BUTASH’s
                  employment and/or consulting relationship with ADNAS, alleging
                  breach of
                  written contracts, breach of oral contracts, fraud, California
                  Labor Code
                  violations, and wrongful termination. 

              

        

        	C.  	
                On
                  March 15, 2007, ADNAS filed Case No. BC367661 against BUTASH (“ADNAS’
                  Action”), alleging unjust enrichment and breach of fiduciary
                  duty.

              

        

        	D.  	
                Both
                  ADNAS and BUTASH believe that their own actions are meritorious
                  and the
                  actions against them are without merit. Notwithstanding this belief,
                  in
                  the interest of reaching a mutual negotiated resolution of all
                  claims or
                  possible claims between the parties, the parties now desire to
                  settle all
                  claims asserted or that could have been asserted in any action
                  arising out
                  of or in any way related to any acts, transactions or events that
                  have
                  occurred between them to date, including but not limited to any
                  claims
                  that may have arisen before, during, or after the employment or
                  consulting
                  relationships alleged in BUTASH’s Action, and all claims brought in
                  BUTASH’s Action and ADNAS’ Action.

              

        

        THEREFORE,
          in consideration of the promises and mutual agreements hereinafter set
          forth, it
          is agreed by and between the undersigned as follows:

        

        1.    Payment.
          ADNAS
          agrees to pay BUTASH $225,000.00. Payment to BUTASH will be made in five
          equal
          monthly installments in the amount of $45,000.00 by check made payable
          to
“Makarem & Associates Attorney-Client trust account.” The first installment
          shall be due to be mailed by FedEx or other overnight courier service to
          Makarem
& Associates, 11601 Wilshire Blvd, Suite 2440, Los Angeles, California
          90025-1760, on or before June 1, 2007, with each subsequent monthly installment
          due to be mailed on or before the first business day of the following months,
          with the final installment due to be mailed on or before October 1, 2007.
          

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

           

        

        BUTASH
          acknowledges and agrees that the payments under this paragraph and the
          other
          agreements made herein by Defendants constitute adequate legal consideration
          for
          the promises and representations made by it in this Agreement.

        

        2.    Releases.

         

        2.1. BUTASH
          generally, unconditionally, irrevocably and absolutely releases and discharge
          Defendants, and any parent and subsidiary corporations, divisions and other
          affiliated or related entities of Defendants, past and present, as well
          as the
          past or present employees, officers, directors, agents, attorneys, insurers,
          successors and assigns of each (collectively, “Released Parties”), from all
          claims related in any way to the transactions or occurrences between them
          to
          date, to the fullest extent permitted by law, including, but not limited
          to,
          BUTASH’s hiring by and employment or consulting relationship with ADNAS,
          BUTASH’s compensation, wages or pay of any kind related to Defendants, his
          separation of employment from ADNAS, and all other losses, liabilities,
          claims,
          charges, demands and causes of action, known or unknown, suspected or
          unsuspected, arising directly or indirectly out of or in any way connected
          with
          BUTASH’s employment with ADNAS. This release is intended to have the broadest
          possible application and includes, but is not limited to, any tort, contract,
          common law, constitutional or other statutory claims, including, but not
          limited
          to alleged violations of the California Labor Code or the federal Fair
          Labor
          Standards Act, the California Family Rights Act, Title VII of the Civil
          Rights
          Act of 1964 and the California Fair Employment and Housing Act, the Americans
          with Disabilities Act, the Age Discrimination in Employment Act of 1967,
          as
          amended, and all claims for attorneys’ fees, costs and expenses. This release
          unconditionally, irrevocably and absolutely releases and discharges the
          Released
          Parties from all of the claims asserted by BUTASH in BUTASH’s Action, and/or any
          other claims that he could have maintained in BUTASH’s Action. BUTASH represents
          and warrants that he is not a plaintiff or party to any suit, action or
          proceeding in which any Released Party is a party, other than BUTASH’s Action
          and ADNAS’ Action. This Agreement is not intended to have any effect on any
          unemployment benefits that BUTASH may be receiving as of the date that
          this
          Agreement is executed.

        

        2.2. Defendants
          unconditionally, irrevocably and absolutely release and discharge BUTASH
          from
          all claims related in any way to the transactions or occurrences between
          them to
          date, to the fullest extent permitted by law, including, but not limited
          to,
          BUTASH’s hiring by and employment with or consulting relationship with ADNAS,
          BUTASH’s compensation, wages or pay of any kind related to Defendants, his
          separation of employment from ADNAS, and all other losses, liabilities,
          claims,
          charges, demands and causes of action, known or unknown, suspected or
          unsuspected, arising directly or indirectly out of or in any way connected
          with
          BUTASH’s employment with ADNAS. This release is intended to have the broadest
          possible application and includes, but is not limited to, any tort, contract,
          common law, constitutional or other statutory claims. This release
          unconditionally, irrevocably and absolutely releases and discharges BUTASH
          from
          all of the claims asserted by ADNAS in ADNAS’ Action, and/or any other claims
          could have been maintained in ADNAS’ Action. 

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

           

        

        2.3. The
          parties acknowledge that they may discover facts or law different from,
          or in
          addition to, the facts or law that they know or believe to be true with
          respect
          to the claims released in this Agreement and agree, nonetheless, that this
          Agreement and the releases contained in it shall be and remain effective
          in all
          respects notwithstanding such different or additional facts or the discovery
          of
          them.

        

        2.4. The
          parties declare and represent that they intend this Agreement to be complete
          and
          not subject to any claim of mistake, and that the releases herein express
          full
          and complete releases, and that they intend that the releases herein shall
          be
          final and complete. All parties execute these releases with the full knowledge
          that these releases cover all possible claims against BUTASH or the Released
          Parties, to the fullest extent permitted by law.

        

        2.5. BUTASH
          expressly waives his right to recovery of any type, including damages,
          penalties, or reinstatement, in any administrative or court action, whether
          state or federal, and whether brought by BUTASH or on BUTASH’s behalf, related
          in any way to the matters released herein. Defendants similarly waive their
          rights against BUTASH to recovery of any type, including damages or penalties,
          in any administrative or court action, whether state or federal, and whether
          brought by Defendants or on Defendants’ behalf, related in any way to the
          matters released herein.

        

        3.     California
          Civil Code section 1542 Waiver.
          The
          parties expressly acknowledge and agree that, with respect to their respective
          release of claims as set forth above, they expressly waive all rights under
          Section 1542 of the California Civil Code. That section provides:

         

        A
          GENERAL
          RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT
          TO
          EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF
          KNOWN
          BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH
          THE
          DEBTOR.

        

        4.     Dismissal
          of BUTASH’s Action and ADNAS’ Action.
          The
          parties agree to obtain the dismissal of BUTASH’s Action in its entirety and
          ADNAS’ Action as to BUTASH, with prejudice, by taking all necessary steps to
          secure such dismissals. No payment shall be made pursuant to paragraph
          1 herein
          until BUTASH’s Action is dismissed with prejudice.

        

        5.     Default.
          

        

        5.1. If
          any
          required payment is not received by the close of business on the tenth
          business
          day of any month when due, ADNAS shall be deemed in default of this Agreement.
          Counsel for BUTASH shall give notice of default in writing by e-mail or
          facsimile to counsel for ADNAS, and ADNAS shall have ten business days
          from the
          date when notice of default is sent to its counsel to cure the default
          by
          payment of the full amount of the overdue installment.

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

           

        

        5.2. If
          ADNAS
          fails to cure the default in the manner provided by Paragraph 5.1 above
          by the
          close of business on the tenth business day after notice of default is
          sent to
          their counsel, Defendants stipulate and agree that BUTASH may cause judgment
          to
          be entered forthwith in the Action against Defendants Applied DNA Sciences,
          Inc., APDN Operations Management, Inc., and APDN (B.V.I.), Inc., (collectively
          “ADNAS Defendants”) in an amount equal to three times the remaining balance on
          the date of default, plus interest on said judgment from the date of default,
          enforceable against any or each of the ADNAS Defendants, in BUTASH’s sole
          discretion, ADNAS Defendants to be liable for all costs of collection.
          

        

        5.3. The
          Parties stipulate and agree that their respective counsel shall execute
          and
          submit to the Court where the Actions are pending a “Notice of Settlement;
          Request that Court Retain Jurisdiction Under CCP §664.6; Stipulation for
          Judgment on Default; Order Thereon” in the form attached hereto as Exhibit A,
          and further stipulate and agree that in the event of Defendants’ default, the
          Stipulated Judgment to be entered shall be in the form attached hereto
          as
          Exhibit B.

        

        6.     Promise
          Not to Prosecute.
          The
          parties agree that they will not prosecute, nor allow to be prosecuted
          on their
          behalf, in any administrative agency, whether state or federal or in any
          court,
          whether state or federal, any claim or demand of any type related to the
          matters
          released above, it being the intention of the parties that with the execution
          of
          this release, BUTASH and the Released Parties will be absolutely,
          unconditionally and forever discharged of and from all obligations to the
          other
          party related in any way to the matters discharged herein.

        

        7.    No
          Admissions.
          By
          entering in to this Agreement, neither BUTASH nor Defendants make any admission
          that they have engaged, or are now engaging, in any unlawful conduct. The
          parties understand and acknowledge that this Agreement is not an admission
          of
          liability and shall not be used or construed as such in any legal or
          administrative proceeding.

        

        8.     Older
          Workers’ Benefit Protection Act.
          This
          Agreement is intended to satisfy the requirements of the Older Workers’ Benefit
          Protection Act, 29 U.S.C. sec. 626(f). The following general provisions,
          along
          with the other provisions of this Agreement, are agreed to for this
          purpose:

        

        8.1. BUTASH
          acknowledges and agrees that he has read and understands the terms of this
          Agreement.

        

        8.2. BUTASH
          acknowledges that this Agreement advises him in writing that he may consult
          with
          an attorney before executing this Agreement, and that he has obtained and
          considered such legal counsel as he deems necessary, such that he is entering
          into this Agreement freely, knowingly, and voluntarily.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

           

        

        8.3. BUTASH
          acknowledges that he has been given at least twenty-one (21) days in which
          to
          consider whether or not to enter into this Agreement. BUTASH understands
          that,
          at his option, he may elect not to use the full 21-day period.

        

        8.4. This
          Agreement shall not become effective or enforceable until the eighth day
          after
          BUTASH signs this Agreement. BUTASH may revoke his acceptance of this Agreement
          within seven (7) days after the date he signs it. BUTASH’s revocation must be in
          writing and received by Defendants’ counsel, Gregory S. Taylor, by 5:00 p.m. on
          the seventh day in order to be effective. If BUTASH does not revoke acceptance
          within the seven (7) day period, BUTASH’s acceptance of this Agreement shall
          become binding and enforceable on the eighth day (“Effective Date”).

        

        8.5. This
          Agreement does not waive or release any rights or claims that BUTASH may
          have
          under the Age Discrimination in Employment Act that arise after the execution
          of
          this Agreement.

        

        9.     Severability.
          In the
          event that any provision of this Agreement shall be found unenforceable
          by a
          court of competent jurisdiction, the provision shall be deemed modified
          to the
          extent necessary to allow enforceability of the provision as so limited,
          it
          being intended that BUTASH and the Released Parties shall receive the benefits
          contemplated herein to the fullest extent permitted by law. If a deemed
          modification is not satisfactory in the judgment of such court, the
          unenforceable provision shall be deemed deleted, and the validity and
          enforceability of the remaining provisions shall not be affected
          thereby.

        

        10.   Attorneys’
          Fees and Costs.
          All
          parties to this Agreement agree that they will bear their own attorneys’ fees,
          costs and all other expenses in connection with BUTASH’s Action and ADNAS’
Action.

        

        11.   No
          Assignment.
          BUTASH
          warrants and represents that he has not assigned or transferred to any
          person
          not a party to this Agreement any released matter or any right to any of
          the
          payments or other consideration provided by Defendants pursuant to this
          Agreement. BUTASH agrees to defend, indemnify and hold Defendants and all
          Released Parties harmless from any and all claims based on or in connection
          with
          or arising out of any such assignment or transfer made, purported or
          claimed.

        

        12.   Joint
          Drafters.
          Counsel
          for BUTASH and counsel for ADNAS have jointly drafted this Agreement. Thus,
          no
          rule of law that ambiguity in an Agreement will be construed against the
          drafter
          shall be applied in interpreting this Agreement.

        

        13.   Applicable
          Law.
          The
          validity, interpretation and performance of this Agreement shall be construed
          and interpreted according to the laws of the United States of America and
          the
          State of California.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

           

        

        14.   Full
          Defense.
          This
          Agreement may be pled as a full and complete defense to, and may be used
          as a
          basis for an injunction against, any action, suit or other proceeding that
          may
          be prosecuted, instituted or attempted by any party in breach hereof. The
          parties agree that in the event that an action or proceeding is instituted
          by
          any party in order to enforce the terms or provisions of this Agreement,
          the
          prevailing party in such proceeding shall be entitled to an award of reasonable
          costs and attorneys’ fees incurred in connection with enforcing this
          Agreement.

        

        15.   Tax
          Issues.
          In the
          event that there is any federal, state or local tax assessed or to be paid
          as a
          result of any payments made pursuant to this Agreement, BUTASH shall be
          solely
          responsible for the taxes, penalties, interest and assessments and hereby
          agrees
          to release and indemnify Defendants from any and all claims by any local,
          state
          or federal government agency for any unpaid taxes. Before any payment may
          be
          made pursuant to paragraph 1 of this Agreement, BUTASH will provide to
          ADNAS an
          IRS Form W-9. ADNAS shall issue and file an IRS Form 1099 regarding any
          payments
          for which customary withholdings have not been taken.

        

        16.   Good
          Faith.
          The
          parties agree to do all things necessary and to execute all further documents
          necessary and appropriate to carry out and effectuate the terms and purposes
          of
          this Agreement.

        

        17.   Entire
          Agreement; Modification.
          This
          Agreement is intended to be the entire agreement between the parties and
          supersedes and cancels any and all other and prior agreements, written
          or oral,
          between the parties regarding this subject matter. It is agreed that there
          are
          no collateral agreements or representations, written or oral, regarding
          the
          settlement of all claims between the parties other than those set forth
          in this
          Agreement. This Agreement may be amended only by a written instrument executed
          by all parties hereto.

        

        18.   Counterparts.
          This
          Agreement may be executed in counterparts and shall be binding on all parties
          when each has signed either an original or copy of this Agreement. Facsimile
          signatures may be treated as originals.

        

        

        

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        

        

        

        PARTIES
          TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND
          EACH
          AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED
          THIS
          AGREEMENT ON THE DATES SHOWN BELOW.

        

        Applied
          DNA Sciences, Inc.

        APDN
          (B.V.I.), Inc.

        APDN
          Operations Management, Inc. 

        

        

        Dated:
          ___________________          By:
          ____________________________

        Dr.
          James
          Hayward

        CEO
          and
          as an individual Defendant

        

         

        

        Dated:
          ___________________          By:
          ____________________________

        Dr.
          Jun-Jei Sheu

        Defendant

         

        

        Dated:
          ___________________          By:
          ____________________________

        Adrian
          Butash

        Plaintiff

        

        Approved
          as to Form and Content:

         

        Makarem
          & Associates

        

        

        Dated:
          ___________________          By:
          ____________________________

        Peter
          M.
          Kunstler

        Attorney
          for Adrian BUTASH

        

        Hansen
          & Taylor LLP

        

        

        Dated:
          ___________________          By:
          ____________________________

        Gregory
          S. Taylor

        Attorneys
          for Defendants

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}]]