Document:

Exhibit 10.8

 

EXECUTION VERSION

 

FIRST AMENDMENT TO INTELLECTUAL PROPERTY
SECURITY AGREEMENT

(APPLIED DNA SCIENCES, INC.)

 

This FIRST AMENDMENT
TO INTELLECTUAL PROPERTY SECURITY AGREEMENT (this “Amendment”), dated as of February 26, 2019, is between APPLIED
DNA SCIENCES, INC., a Delaware corporation (the “Grantor”) and 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 undersigned investors (each, a “Buyer” and collectively, the “Buyers”;
the Buyers and the Collateral Agent are collectively, together with their successors and assigns, referred to herein as the “Secured
Parties”) and the other Secured Parties.

 

WITNESSETH:

 

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 (as 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 (i) the Securities Purchase Agreement, dated as of August 31, 2018 (the “August Securities Purchase
Agreement”) and (ii) the Securities Purchase Agreement, dated as of November 29, 2018 (the “November Securities
Purchase Agreement” and together with the August 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.       Instruction
to Collateral Agent. Each of the Buyers, by its acknowledgement hereof, hereby directs the Collateral Agent to execute
and deliver this Amendment, and authorizes the Collateral Agent to take action as agent on its behalf and to exercise such powers
and discretion under the IP Security Agreement as are delegated to the Collateral Agent by the terms thereof, together with such
powers and discretion as are reasonably incidental. This Section 9 is solely for the benefit of the Collateral Agent and
the Buyers and neither the Grantor nor any other Person shall have rights as a third party beneficiary of the provisions in this
Section 9.

 

10.       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 and the Buyers in connection with the negotiation, preparation,
execution, delivery and administration of this Amendment.

 

[remainder of page intentionally left
blank]

 

     

     

    

 

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

 

[Signatures Continue on Following Page]

 

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

 

 

     

     

    

 

	 	COLLATERAL AGENT
	 	 
	 	DELAWARE TRUST COMPANY,
	 	as Collateral Agent
	 	 
	 	By	/s/ Alan R. Halpern
	 	Name: Alan R. Halpern
	 	Title: Vice President

 

[Signatures Continue on Following Page]

 

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

 

     

     

    

 

ACKNOWLEDGED AND CONSENTED TO BY BUYERS:

  

	By:  	/s/ James A. Hayward	 
	Print Name:  James A. Hayward	 
	 	 
	By:  	/s/ Judith Murrah	 
	Print Name:  Judith Murrah	 
	 	 
	By:  	/s/ Yavoc Shamash	 
	Print Name:  Yavoc Shamash	 
	 	 
	By:  	/s/ Robert Catell	 
	Print Name:  Robert Catell	 
	 	 
	By:	  /s/ Elizabeth Schmalz Ferguson	 
	Print Name:  Elizabeth Schmalz Ferguson	 
	 	 
	By:  	/s/ Gregg Baldwin	 
	Print Name:  Gregg Baldwin	 
	 	 
	By:  	/s/ William Montgomery 2/11/19	 
	Print Name:  William Montgomery	 
	 	 
	By:  	/s/ J van Eeden	 
	Print Name:  Johnette van Eeden	 
	 	 
	By:	/s/ John Cartier	 
	Print Name:  John Cartier	 

 

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

 

     

     

    

 

ACKNOWLEDGED AND CONSENTED TO BY BUYERS (continued):

 

	By: 	 /s/ Wayne Buchen	 
	Print Name:  Wayne Buchen	 
	 	 
	Delabarta II	 
	 	 
	By:  	/s/ John Bitzer III	 
	Print Name:  John F. Bitzer III	 
	Title:  President	 
	 	 
	The Rodgers Living Trust Dated April 7, 1995	 
	 	 
	By:  	/s/ Jay D. Rodgers	 
	Print Name:  Jay D. Rodgers	 
	Title:  Trustee	 

 

Signature Page to First Amendment to
IP Security Agreement (Issuer)Exhibit 10.9

 

EXECUTION VERSION

 

FIRST AMENDMENT TO INTELLECTUAL PROPERTY
SECURITY AGREEMENT

(APDN B.V.I. INC.)

 

This FIRST AMENDMENT
TO INTELLECTUAL PROPERTY SECURITY AGREEMENT (this “Amendment”), dated as of February 26, 2019, is between APDN
(B.V.I.) INC., a corporation organized under the laws of the British Virgin Islands (the “Grantor”) and
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 undersigned investors (each, a “Buyer” and
collectively, the “Buyers”; the Buyers and the Collateral Agent are collectively, together with their successors
and assigns, referred to herein as the “Secured Parties”) and the other Secured Parties.

 

WITNESSETH:

 

WHEREAS, the
Grantor and the Collateral Agent are parties to that certain Guaranty and 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 (as 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 a wholly owned subsidiary of APPLIED DNA SCIENCES, INC., a Delaware corporation (the “Company”) and
the Company is party to (i) the Securities Purchase Agreement, dated as of August 31, 2018 (the “August Securities Purchase
Agreement”) and (ii) the Securities Purchase Agreement, dated as of November 29, 2018 (the “November Securities
Purchase Agreement” and together with the August 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.       Instruction
to Collateral Agent. Each of the Buyers, by its acknowledgement hereof, hereby directs the Collateral Agent to execute
and deliver this Amendment, and authorizes the Collateral Agent to take action as agent on its behalf and to exercise such powers
and discretion under the IP Security Agreement as are delegated to the Collateral Agent by the terms thereof, together with such
powers and discretion as are reasonably incidental. This Section 9 is solely for the benefit of the Collateral Agent and
the Buyers and neither the Grantor nor any other Person shall have rights as a third party beneficiary of the provisions in this
Section 9.

 

10.       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 and the Buyers in connection with the negotiation, preparation,
execution, delivery and administration of this Amendment.

 

[remainder of page intentionally left
blank]

 

     

     

    

 

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

 

	 	GRANTOR:
	 	 
	 	APDN (B.V.I.) INC., a corporation formed under the laws of the British Virgin Islands 
	 	 
	 	By:	/s/ James A. Hayward
	 	Print Name:  James A. Hayward
	 	Its:  Authorized Signatory.

 

[Signatures Continue on Following Page]

 

Signature Page to First Amendment to
IP Security Agreement (Guarantor)

 

     

     

    

 

	 	COLLATERAL AGENT
	 	 
	 	DELAWARE TRUST COMPANY,
	 	as Collateral Agent
	 	 
	 	By:	/s/ Alan R. Halpern
	 	Name: Alan R. Halpern
	 	Title: Vice President

 

[Signatures Continue on Following Page]

 

Signature Page to First Amendment to
IP Security Agreement (Guarantor)

 

     

     

    

 

ACKNOWLEDGED AND CONSENTED TO BY
BUYERS:

 

	By:  	/s/ James A. Hayward	 
	Print Name:  James A. Hayward	 
	 	 
	By:  	/s/ Judith Murrah	 
	Print Name:  Judith Murrah	 
	 	 
	By:  	/s/ Yavoc Shamash	 
	Print Name:  Yavoc Shamash	 
	 	 
	By:  	/s/ Robert Catell	 
	Print Name:  Robert Catell	 
	 	 
	By:	  /s/ Elizabeth Schmalz Ferguson	 
	Print Name:  Elizabeth Schmalz Ferguson	 
	 	 
	By:  	/s/ Gregg Baldwin	 
	Print Name:  Gregg Baldwin	 
	 	 
	By:	  /s/ William Montgomery 2/11/19	 
	Print Name:  William Montgomery	 
	 	 
	By:  	/s/ J van Eeden	 
	Print Name:  Johnette van Eeden	 
	 	 
	By: 	 /s/ John Cartier	 
	Print Name:  John Cartier	 

 

Signature Page to First Amendment to
IP Security Agreement (Guarantor) 

 

     

     

    

 

ACKNOWLEDGED AND CONSENTED TO BY
BUYERS (continued):

 

	By: 	/s/ Wayne Buchen	 
	Print Name:  Wayne Buchen	 
	 	 
	Delabarta II	 
	 	 
	By: 	/s/ John Bitzer III	 
	Print Name:  John F. Bitzer III	 
	Title:  President	 
	 	 
	The Rodgers Living Trust Dated April 7, 1995	 
	 	 
	By:	/s/ Jay D. Rodgers	 
	Print Name:  Jay D. Rodgers	 
	Title:  Trustee	 

 

Signature Page to First Amendment to
IP Security Agreement (Guarantor)

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