Document:

Exhibit 10.1

 

 

CONSULTING
AGREEMENT

 

This Consulting
Agreement (“Agreement”) is entered into as of December 12th, 2019 (the “Effective Date”) by and
between Applied DNA Sciences, Inc. a Delaware corporation located at 50 Health Sciences Drive, Stony Brook, New York,
11790 (the “Company”) and Meadow Hill Place, LLC, with an address of [intentionally omitted]
(“Consultant”). The Company desires to retain Consultant as an independent contractor to perform consulting
services for the Company, and Consultant is willing to perform such services, on the terms described below.

 

In consideration of the mutual promises contained
herein, the parties agree as follows:

 

		1.	Consulting Services

 

Subject to the terms and
conditions of this Agreement, the Company hereby retains Consultant as a consultant to perform the consulting services specifically
set out in Exhibit A attached to this Agreement and made a part hereof (hereafter referred to as the “Services”),
and Consultant agrees, subject to the terms and conditions of this Agreement, to render such Services during the term of this Agreement.

 

		2.	Compensation

 

In consideration of the
Services to be provided by Consultant to the Company during the Initial Term, the Company shall compensate Consultant as described
in Exhibit B. Consultant’s compensation for any Renewal Term shall also be as described in Exhibit B.

 

		3.	Independent Contractor Status.

 

It is expressly agreed
that Company and Consultant shall be independent contractors and that the relationship between the parties shall not constitute
a partnership, joint venture or agency. Neither Company nor Consultant shall have the authority to make any statements, representations
or commitments of any kind, or to take any action, which shall be binding on the other party, without the prior written consent
of the other party.

 

		4.	Intellectual Property

 

		(a)	Consultant, its agents and employees, agree that all items prepared or originated in connection
with the Services, regardless of medium, and including but not limited to all materials, software, notes, records, drawings, designs,
inventions, proposals, improvements, developments, discoveries and trade secrets conceived, discovered, developed or reduced to
practice by Consultant, solely or in collaboration with others, during the Term of this Agreement that relate in any manner to
the business of the Company that Consultant may be directed to undertake, investigate or experiment with or that Consultant may
become associated with while performing the Services or through access to Company Confidential Information (collectively, “Inventions”),
are the sole property of the Company. Consultant hereby agrees to assign (or cause to be assigned) and hereby assigns fully to
the Company, all Inventions and any copyrights, patents, mask work rights or other intellectual property rights relating to all
Inventions. Consultant whether upon Company’s request or voluntarily, shall promptly disclose to the Company all Inventions
that Consultant has created.

 

     

     

    

 

		(b)	Consultant acknowledges and agrees that any work of authorship relating to any Invention shall
be deemed to be a "Work Made for Hire," to the extent permitted by the United States Copyright Act. To the extent that
any such work of authorship may not be deemed to be a Work Made for Hire, Consultant hereby irrevocably assigns all ownership rights
in and to such work to the Company. If any such work of authorship cannot be assigned, Consultant hereby grants to the Company
an exclusive, assignable, irrevocable, perpetual, worldwide, sub-licensable (through one or multiple tiers), royalty-free, unlimited
license to use, copy, reproduce, distribute, modify, adapt, alter, translate, improve, create derivative works of, practice, publicly
perform, publicly display and digitally perform and display such work in any media now known or hereafter known. To the extent
moral rights may not be assignable under applicable law and to the extent the following is allowed by the laws in the various countries
where moral rights exist, Consultant hereby irrevocably waives such moral rights and consents to any action of the Company that
would violate such moral rights in the absence of such consent.

 

		(c)	Consultant, its agents and employees, agree to assist Company, or its designee, to secure the Company’s
rights, titles and all interest in and to all Inventions and/or other intellectual property rights relating to all Inventions,
at the Company’s expense, in any and all countries, the execution of all documents, applications, specifications, oaths,
assignments and all other instruments that the Company may deem necessary in order to apply for and obtain such rights and in order
to assign and convey to the Company, its successors, assigns and nominees the sole and exclusive right, title and interest in and
to all Inventions, and/or other intellectual property rights relating to all Inventions. Consultant also agrees that Consultant’s
obligation to execute or cause to be executed any such instrument or papers shall continue after the termination of this Agreement.

 

		(d)	Consultant, its agents and employees, agree that if the Company is unable because of Consultant’s
unavailability, dissolution, mental or physical incapacity, or for any other reason, to secure Consultant’s signature for
the purpose of securing the Company’s rights, titles and all interest in and to all Inventions and/or other intellectual
property rights relating to all Inventions, Consultant hereby irrevocably designates and appoints the Company and its duly authorized
officers and agents as Consultant’s agent and attorney-in-fact, to act for and on Consultant’s behalf to execute and
file any such documents and instruments and to do all other lawfully permitted acts to further the securing of the Inventions and/or
other intellectual property rights relating to all Inventions, with the same legal force and effect as if executed by Consultant.

 

		(e)	Consultant, its agents and employees, acknowledge that the Company does not desire to acquire any
trade secrets, know-how, confidential information, or other intellectual property that the Consultant may have acquired from or
developed for any third party (“Third-Party IP”). The Company agrees that in the course of providing the Services,
the Consultant shall not be required to use or disclose any Third-Party IP, including without limitation any intellectual property
of (i) any former or current employer, (ii) any entity for whom the Consultant has performed or currently performs consulting
services, or (iii) any other person to whom the Consultant has a legal obligation regarding the use or disclosure of such
intellectual property.

 

    	 	1	 

     

    

 

		5.	Indemnification

 

		(a)	Consultant agrees to indemnify and hold harmless the Company and its directors, officers and employees
from and against all losses, damages, liabilities, costs and expenses, including attorneys’ fees and other legal expenses,
arising directly or indirectly from or in connection with (i) any grossly negligent, reckless or intentionally wrongful act
of Consultant or Consultant’s employees or agents; or (ii) any breach by the Consultant or Consultant’s employees
or agents of any of the representations, warranties, covenants and/or obligations contained in this Agreement.

 

The Company,
agrees, accepts and acknowledges that any legal proceedings arising from or in connection with this Agreement must be commenced
within eighteen (18) months from the termination of this Agreement, and that no action or claim will be brought against any member,
manager, interest holder, employee, officer, partner or agent of Consultant, unless a court of competent jurisdiction deems Consultant
to be a mere alter ego of any said member, manager, interest holder, employee, officer, partner or agent. The Company agrees that
no action or claims may be brought against of Consultant’s employees, officers, directors, members, managers, advisors, partners
or contractors personally, unless a court of competent jurisdiction deems Consultant to be a mere alter ego of any said employees,
officers, directors, members, managers, advisors, partners or contractors.

 

The Company
shall indemnify Consultant, and its directors, officers and employees (collectively, the “Consultant Indemnified Persons”)
from and against any and all claims, demands, suits, investigations, proceedings, judgments, awards, liabilities, losses, damages,
fees and expenses paid or incurred by any Consultant Indemnified Person in connection with, arising out of or related to (whether
from direct claims or third party claims) any breach by the Company of this Agreement (including but not limited to any Consultant
Indemnified Person’s reasonable external counsel fees and expenses when incurred). The foregoing indemnification obligations
shall not apply in the event that a court of competent jurisdiction fully and finally determines that such claims resulted directly
from the gross negligence, willful misconduct or fraudulent acts of Consultant.

 

		6.	Confidential Information

 

		(a)	The parties acknowledge that in connection with Consultant’s Services, the Company may disclose
to Consultant confidential and proprietary information and trade secrets of the Company, and that Consultant may also create such
information within the scope and in the course of performing the Services (hereinafter “Company Confidential Information”).
Such information may take the form of, for example: data concerning scientific discoveries made by the Company; the Company’s
know-how; the Company’s customer lists and customers; the Company’s manufacturing strategies and processes; the Company’s
marketing plans; data from the Company’s pilots or other studies; the Company’s past, present and future business plans
and pricing; the Company DNA amplification technology; the Company’s strategy for or status of regulatory approval; or the
Company’s forecasts of sales and sales data.

 

		(b)	Consultant recognizes that the Company has received, and in the future will receive, confidential
or proprietary information of third parties that is subject to a duty on the Company’s part to maintain the confidentiality
of such information and to use it only for certain limited
purposes. Such third-party confidential information shall be deemed Company Confidential Information and shall be subject to all
covenants and restrictions of this Section 6.

 

    	 	2	 

     

    

 

		(c)	Subject to the terms and conditions of this Agreement, Consultant hereby agrees that during the
term of this Agreement and for a period of ten (10) years thereafter: (i) Consultant shall not publicly divulge, disseminate,
publish or otherwise disclose any Company Confidential Information to third-party without the Company’s prior written consent;
and (ii) Consultant shall not use any such Company Confidential Information for any purposes other than the Services. Notwithstanding
the above, the Company and Consultant acknowledge and agree that the obligations set out in this Section 6 shall not apply
to any portion of Company Confidential Information which: (i) was at the time of disclosure to Consultant part of the public
domain by publication or otherwise; (ii) became part of the public domain after disclosure to Consultant by publication or
otherwise, except by breach of this Agreement by Consultant; (iii) was already properly and lawfully in Consultant’s
possession without obligation of confidentiality at the time it was received from the Company as evidenced by contemporaneous written
records; (iv) was or is lawfully received by Consultant from a third party who was under no obligation of confidentiality
with respect thereto as evidenced by contemporaneous written records; or (v) is required to be disclosed by law, regulation
or valid judicial or administrative process.

 

		(d)	Upon termination of the Agreement, or any other termination of Consultant’s Services for
the Company, all records, drawings, notebooks and other documents pertaining to any Company Confidential Information, whether prepared
by Consultant or others, and any material, specimens, equipment, tools or other devices owned by the Company then in Consultant’s
possession, and all copies of any documents, shall be returned to the Company.

 

		7.	Insider Information

 

In the course of the performance
of Consultant’s Services, it is expected that Consultant will receive information that is considered material inside information
within the meaning and intent of the U.S. federal securities laws, rules and regulations. Consultant will not disclose this
information directly or indirectly to any third party, nor will Consultant buy, sell or otherwise deal in the securities of Company
in violation of applicable law.

 

		8.	Term

 

		(a)	The term of this Agreement will begin on the Effective Date and will continue for a period of six
(6) months (the “Initial Term”). This Agreement may be renewed for an additional 6 month term (the “Renewal
Term”) at the option of the Company. The Company shall provide written notice to Consultant of its election of the Renewal
Term at least thirty (30) days before the expiration of the Initial Term.

 

		(b)	Notwithstanding Section 8(a), above, during any Renewal Term, either party may terminate this
Agreement upon 30 days’ prior written notice to the other party. This Agreement may also be terminated by the Company during
the Initial Term or any Renewal Term immediately and with 30 days prior written notice if Consultant refuses to or is unable to
perform the Services or is in breach of any material provision of this Agreement.

 

    	 	3	 

     

    

 

		(c)	Sections 2, 3, 4, 5, 6, 7, 8, 9 and 10 will survive termination of this Agreement

 

		9.	Non-solicitation/Non-Competition

 

		(a)	From the date of this Agreement until six (6) months after the termination of this Agreement
(the “Restricted Period”), Consultant shall not, without the Company’s prior written consent, directly or indirectly,
as an owner, principal, partner, member, shareholder, independent contractor, agent, finder, consultant, joint venture, investor,
licensor, lender, employee or in any other capacity whatsoever, alone, or in association with any other person: (a) carry
on, be engaged or take part in, or render services or advice to, own, share in the earnings of, invest in the stocks, bonds or
other securities of, or otherwise become financially interested in, any person, firm, corporation or other business organization
engaged in business that competes with the Company (other than by owning of record or beneficially up to two percent (2%) of the
shares of any third-party firm, corporation or other business organization whose shares are publicly traded on a national securities
exchange or in the over-the-counter market), or (b) solicit or encourage any employee or contractor of the Company or its
affiliates to terminate employment with, or cease providing services to, the Company or its affiliates. During the Restricted Period,
Consultant will not, whether for Consultant’s own account or for the account of any other person, firm, corporation or other
business organization, intentionally interfere with any person who is or during the period of Consultant’s engagement by
the Company was a partner, supplier, customer or client of the Company or its affiliates. The Restricted Period will extend to
twelve (12) months after the termination of this Agreement at such time as Consultant has been engaged by the Company for a period
of more than 6 months. For the purposes of this Section 9, a person, firm, corporation or other business organization shall
be deemed to compete with the Company if they provide molecular and/or DNA based product or supply chain security/traceability
systems, products and/or services, and/or nucleic-acid based biotherapeutics incorporating non-plasmid derived DNA.

 

		(b)	In view of Consultant’s access to the Company’s trade secrets and proprietary know-how,
Consultant agrees that Consultant will not, without Company’s prior written approval, design identical or substantially similar
designs as those owned, sold or under development by the Company during the term of this Agreement and the Restricted Period. Consultant
acknowledges that the obligations in this Section 9(b) are ancillary to Consultant’s nondisclosure/nonuse obligations
under Section 6.

 

		(c)	Consultant acknowledges that the foregoing restrictions are a reasonable and appropriate means
of protecting Company’s proper interests, which will not unreasonably interfere with Consultant’s ability to make a
living. If any Court determines that the foregoing restrictions are excessive in duration or scope, or is unreasonable or unenforceable
under applicable law, it is the intention of the parties that such restriction may be modified or amended by the Court to render
it enforceable to the maximum extent permitted by law.

 

		10.	Warranties

 

Consultant represents and
warrants that: (a) Consultant has full right, power, and authority to enter into and perform this Agreement without the consent
of any third party; (b) Consultant, its agents and employees, have the full right, power, and authority to comply with the
obligations of Section 4; and (c) Consultant will not, in the course of performing the Services, infringe or misappropriate any intellectual property right
of any third party.

 

    	 	4	 

     

    

 

		11.	Conflicting Obligations

 

Consultant certifies that
Consultant has no outstanding agreement or obligation that conflicts with any of the provisions of this Agreement or that would
preclude Consultant from complying with the provisions of this Agreement. Consultant will not enter into any such conflicting agreement
during the term of this Agreement. Consultant’s violation of this Section will be considered a material breach under
Section 8(b).

 

		12.	Miscellaneous

 

		(a)	Any notice or other communication required or permitted by this Agreement to be given to a party
shall be in writing and shall be deemed given if delivered personally or by commercial messenger or courier service, or mailed
by U.S. registered or certified mail (return receipt requested), or sent via facsimile (with receipt of confirmation of complete
transmission) to the party at the party’s address or facsimile number written below or at such other address or facsimile
number as the party may have previously specified by like notice. If by mail, delivery shall be deemed effective 3 business days
after mailing in accordance with this Section.

 

If to the Company, to:

 

Applied DNA Sciences, Inc.

Attn: Beth Jantzen, CFO

50 Health Sciences Drive,

Stony Brook, New York 11790

Telephone: (631) 240-8800

Facsimile: (631) 240-8900

 

If to the Consultant, to

 

Scott Anchin

Meadow Hill Place, LLC

[intentionally omitted]

 

		(b)	This Agreement (a) contains the entire understanding between the parties with respect to subject
matter hereof, (b) supersedes all prior communications and understandings with respect thereto, whether written or oral, (c) may
not be modified in any manner, except by written amendment duly executed by the authorized representatives of each party hereto,
and (d) may be executed by facsimile or electronic signature which shall be deemed to be an original for all purposes. It
is further understood and agreed that no failure or delay by a party in exercising any right, power or privilege hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or
the exercise of any right, power or privilege hereunder. The headings and subheading contained herein shall not be considered a
part of this Agreement.

 

    	 	5	 

     

    

 

		(c)	Although the restrictions and terms contained in this Agreement are considered by the parties to
be reasonable for the protection of Company’s proper interests, if any such restriction and/or term is found by a court of
competent jurisdiction to be unenforceable, such provision will be modified, rewritten or interpreted to include as much of its
nature and scope as will render it enforceable. If it cannot be so modified, written or interpreted to be enforceable in any respect,
it will not be given effect, and the remainder of the Agreement will be enforced as if such provision was not included.

 

		(d)	This Agreement shall be construed in accordance with the laws of the State of New York without
regard to any provisions of conflicts of laws. The New York State Supreme Court, County of New York, or the United States District
Court for the Southern District of New York shall have exclusive jurisdiction to adjudicate any dispute arising in connection with
this Agreement and each party hereby consents to such jurisdiction. This Agreement may not be assigned by a party without the advance
written consent of the other party.

 

[Signature
Page Follows]

 

IN WITNESS WHEREOF, the
parties have executed this Agreement on the dates indicated below.

 

	APPLIED DNA SCIENCES, INC.	 	MEADOW HILL PLACE, LLC
	 	 	 
	By:	/s/ James A. Hayward	 	By:	/s/ Scott L Anchin
	Name:  James A. Hayward	 	Name:  Scott Anchin
	Title:    CEO 	 	Date:    12/9/19
	Date:   12/9/2019	 	 

 

    	 	6	 

     

    

 

EXHIBIT A

 

Services

 

Intentionally omitted. 

 

    	 	7	 

     

    

 

EXHIBIT B

 

Consultant Compensation

 

Intentionally omitted. 

 

    	 	8Exhibit 10.2

 

  

AGREEMENT OF
LEASE

 

LONG ISLAND HIGH TECHNOLOGY INCUBATOR, INC

 

APPLIED DNA SCIENCES, INCORPORATED

 

November 1, 2015
- October 31, 2016

 

 

    	 	Page 1 of 12	 

     

    

 

AGREEMENT OF LEASE

 

This Lease dated
this First day of November, Two Thousand Fifteen is by and between LONG ISLAND HIGH TECHNOLOGY INCUBATOR, INC., a nonprofit
educational corporation existing under the laws of the State of New York, having its principal place of business located at 25
Health Sciences Drive, Stony Brook, New York 11790, hereinafter referred to as " Landlord," and APPLIED DNA SCIENCES, INCORPORATED
, having its principal place of business located at 25 Health Sciences Drive, Stony Brook, New York 11790, hereinafter referred
to as" Tenant".

 

WHEREAS, by
terms of a certain ground lease Agreement between the State University of New York and Landlord, the State University of New York
has granted to Landlord the authority to construct a facility on certain land on the campus of Stony Brook, hereinafter referred
to as the "Incubator," and to lease space in such facility for emerging high technology enterprises. Such space, specifically
suites 103, and 112 are the designated premises under this Lease; and

 

WHEREAS, the
Tenant has developed competence and expertise in encryption technology , the Field (as hereinafter defined); and

 

WHEREAS, Landlord
wishes to promote and foster economic development in the Field, and

 

WHEREAS, Landlord
wishes to make available to the faculty and students, at the State University of New York at Stony Brook (SBU), additional opportunities
for practical application and study in the Field; and

 

WHEREAS, the
Tenant qualifies as a start-up company in the area of technology, as provided in the January 22, 1986 Resolution of the State
University of New York Board of Trustees "Use of University Facilities by Emerging Technology Enterprises" (SUNY Document
Number 5604; furnished upon request); and the Incubator Guidelines and Procedures of the State University of New York at Stony
Brook (furnished upon request); and

 

WHEREAS, Tenant
agrees to provide information on revenues and employment during occupancy and for a period of 5 years following graduation from
the program. This information will be combined with data from other graduate companies and used in aggregate form for the purposes
of demonstrating economic development success of the Incubator; and

 

WHEREAS, Tenant
wishes to stimulate future companies in the Incubator program and will make every effort to contribute to the Incubator corporation
in some fashion following graduation; and

 

NOW, THEREFORE, Landlord and
Tenant hereby agree as follows:

 

    	 	Page 2 of 12	 

     

    

 

1.            Grant

 

Landlord hereby
leases to Tenant, and Tenant hereby leases from Landlord, upon and subject to the terms and conditions contained herein, the Premises
(as hereinafter defined)

 

2.            Premises

 

The Premises are
more particularly described under the State University Board of Trustees resolution of January 22, 1986 and further referenced
in paragraph (b) of the Patents and Inventions Policy of State University of New York dated September 19, 1979, and amended
November 16, 1988 such facilities are considered Tenant facilities and not State University facilities for purposes of patent
and copyright ownership (documents furnished upon request).

 

3.            Term

 

The terms of this Lease shall be for
one year commencing November 1, 2015 and ending October 31, 2016. The Incubator Selection and Review Committee (ISRC)
will review your business annually prior to lease renewal. Any concerns about the incubator management and operations may be brought
directly to the ISRC Chair or any member of the ISRC. Current information on the membership of the ISRC and their contact information
are posted on the LIHTI website (www.lihti.org). In the event that the Landlord determines in its sole discretion that the Incubator
project is abandoned or that an order is received from a government agency to vacate the Premises, the ending date may be accelerated
to such date as determined to be reasonable by the Landlord. However, under no circumstances will the lease be terminated without
"Cause" (as defined in 14a) unless 60 days written notice is provided to Tenant.

 

4.            Rent

 

		a)	The rent payable hereunder is $49,500 per year, which sum shall be payable in monthly installments of $4,125 due on the first
day of each month during the term. Rent payable by Tenant under this Lease shall be paid when due without prior demand therefore,
without any deductions or setoffs or counterclaims whatsoever. Rent will be due on the first day of the month and a 5% late fee
on balance due will be charged for any rent that is not received by the 15th of each month.

 

		b)	Tenant shall pay before delinquency all taxes, assessments, license fees and public charges levied, assessed or imposed upon
its business operation, as well as upon its leasehold interest, trade fixtures, furnishings, equipment, leasehold improvements
made by Tenant, alterations, changes and additions made by Tenant, merchandise and personal property of any kind owned, installed
or used by Tenant in, on or upon the Premises. Tenant shall be responsible for making any necessary returns for and
paying any other property taxes separately levied or assessed against the improvements constructed by Tenant on the Premises.

 

    	 	Page 3 of 12	 

     

    

 

5.            Indemnification and Hold Harmless

 

		a)	Tenant agrees to save Landlord harmless from, and indemnify Landlord against, any and
                                                               all injury, loss or damage and any and all claims for injury, loss or damage, caused by, resulting from, or claimed to
                                                               have been caused by or to have resulted from (i) the use, occupancy, or enjoyment of the Premises or (ii) any
                                                               act, omission or negligence of Tenant or anyone claiming under Tenant (including, without limitation, employees,
                                                               contractors, invitees, successors and assigns or Tenant).

 

		i)	Comprehensive general liability insurance will be held
by Tenant in the amount of $2,000,000 combined single limit. Such policy shall name the Long Island High Technology Incubator, Inc.
(Landlord), SUNY at Stony Brook, and the State of New York as an additional insured and loss payee.

		ii)	Workers Compensation Insurance and New York State Disability
Insurance according to and in amounts required under New York State laws.

 

		b)	All policies of insurance provided for in this Section shall be issued in a form acceptable
to Landlord by insurance companies qualified to do business in the State of New York. Each such policy shall be issued in the names
of Landlord and Tenant and any other party listed above. Said policies shall be for the mutual and joint benefit and protection
of Landlord and Tenant and any such other parties in interest, and executed copies of each such policy of insurance or a certificate
thereof shall be delivered to each of Landlord within ten (10) days after delivery of possession of the Premises to Tenant
and renewals or replacements thereof shall be so delivered at least thirty (30) days prior to the expiration of each said policy.
All such policies of insurance shall contain a provision that the company writing said policy will give to Landlord and other said
parties in interest at least ten (10) days prior written notice of any cancellation, lapse, or reduction in the amounts of
insurance. All such policies shall contain a provision that Landlord and any such other parties in interest, although named as
an insured, shall nevertheless be entitled to recover under said policies for any loss occasioned to it, its servants, agents and
employees by reason of the negligence of Tenant.

 

		c)	Tenant shall not do nor suffer to be done, nor keep nor suffer to be kept anything in, upon or
about the Premises which could (i) contravene Landlord's policies insuring against loss or damage by fire or other hazards,
(ii) prevent Landlord from procuring such policies from companies acceptable to Landlord (iii) cause an increase in the
insurance rates upon any portion of the Premises. If Tenant violates any prohibition provided for in the first sentence of this
Section, Landlord may without notice to Tenant, correct the same at Tenant's expense. Tenants shall pay to Landlord as additional
rent forthwith upon demand the amount of any increase in premiums for insurance resulting from any violation of the first sentence
of this Section, even if Landlord
shall have consented to the doing of, or keeping of, anything on the Premises which constituted such a violation (but the payment
of such additional rent shall
not entitle Tenant to violate the provisions of the first sentence of this paragraph.)

 

    	 	Page 4 of 12	 

     

    

 

6.           Security

 

		a)	Tenant shall have deposit with Landlord a security deposit equal to two (2) months' rent.
If rent changes, Landlord will bill Tenant so security deposit is maintained as two (2) months of updated rent.

 

		b)	If Tenant pays the rent and performs all of its other obligations under this Lease, Landlord will
return the unused portion of this security deposit within thirty (30) days after the end of the term.

 

7.            Services

 

Landlord shall
provide the following services to Tenant; all ordinary and necessary water, gas, electrical services, heating, cooling, sewage
and internet access services. Telephone services will be provided in accordance with SBU policy at the expense of the Tenant. Tenant
may avail itself of other campus facilities and services at the established third-party rates.

 

Tenant understands
and agrees that services offered by SBU to Tenant shall be equivalent to those provided to campus academic and administrative offices,
unless otherwise agreed in writing by both parties. All activities of the Tenant involving facilities and services of SBU will
be consistent with applicable policies and guidelines of SBU.

 

8.            Use
of Premises

 

		a)	Tenant may only use the Premises for an office or laboratory in accordance with the terms hereof
and the rules and regulations now or hereafter adopted by Landlord for the Incubator.

 

		b)	Tenant agrees to keep the Premises in good order and condition during the term of this agreement.

 

		c)	Tenant shall use the Premises only in connection with the Tenant's business; as such business was
described and presented to the Executive Director, or the Incubator Selection and Review Committee, and for no other business without
Landlord's prior, written consent.

 

		d)	Tenant specifically agrees not to hold itself out as representing the State of New York, The State
University of New York, or SBU in connection with the use of State-owned property to which this Lease relates, nor shall the name
of the State of New York, the State University of New York, or SBU be used by Tenant for any purpose without prior, specific written
approval of the party whose name is to be used.

 

    	 	Page 5 of 12	 

     

    

 

		e)	Tenant shall meet with Landlord & ISRC at least annually, at a time determined by Landlord,
for the purpose of reviewing the Tenant's business plan or part thereof and compare the proposed plan of action against reality.
Should the Tenant fail to develop a business plan or equivalent the lease may not be renewed.

 

		f)	Tenant will contract through the Research Foundation of the State University of New York, hereinafter
referred to as the "Foundation", for any business and research-related tasks to be performed by faculty or staff of SBU
utilizing University facilities. Faculty and staff are permitted to consult with Tenant in accordance with the SUNY Policy (Title
J. Patents, Inventions and Copyright Policy, furnished upon request); described in SUNY Policies of the Board of Trustees,
2006 (amended July 26, 2006), and also described by the SBU Office of Technology Licensing and Industry Relations.

 

		g)	Tenant may seek and submit proposals for collaborative efforts and joint ventures to Economic Development
Groups at SBU for mutual benefit. Accepted proposals will be administered by separate contracts which shall in no way diminish
or change any provision of this Lease. The failure of Tenant to fulfill its obligations herewith or the breach of any of the terms
hereof or any misrepresentation made by Tenant in connection with this Lease shall constitute a default hereunder and Landlord
shall have the right, at its option, to terminate this Lease, in addition to any and all other remedies and rights available to
it in equality and at law.

 

9.            Right of Entry

 

		a)	Contact information for tenant representative should be posted next to laboratory entry door along with MSDS information about
materials and potential safety risks within the Premises for businesses that have chemicals or materials. Landlord or Landlord's
agents shall have the right (but shall not be obligated) to enter the Premises in any emergency at any time, and, at other reasonable
times, to examine the same and to make such repairs, replacements and improvements as Landlord may deem necessary and reasonably
desirable to the Premises or to any other portion of the Building or which Landlord may elect to perform. Fire Marshall inspections
will not be scheduled but will be performed at least annually with escort by Landlord or Landlords agents. In an emergency Landlord
or Landlord's agents, will make best efforts to contact the tenant representative at the time of the emergency, and prior to entry.
If Tenant is not present to open and permit an entry into the Premises, Landlord or Landlord's agents may enter the same whenever
such entry may be necessary or permissible by master key or forcibly and provided reasonable care is exercised to safeguard Tenant's
property. Landlord will communicate information about entry if any emergency entry does take place.

 

		b)	Landlord or Landlord's agents will make best efforts to contact the tenant representative to schedule repairs and maintenance
in advance. Throughout the term hereof Landlord shall have the right to enter the Premises at reasonable hours for the purpose
of showing the same to visitors, prospective purchasers or mortgagees of the Building, and during the last six months of the term
for the purpose of showing the same
to prospective tenants. Landlord will schedule these visits in advance with Tenant to determine a mutually agreed upon time during
which a Tenant representative will be present on site. Tenant agrees that it will exercise good faith efforts to schedule visits
for these purposes.

 

    	 	Page 6 of 12	 

     

    

 

		c)	Tenant agrees that Landlord may conduct construction work in the immediate area surrounding the demised
Premises. Landlord agrees that it will exercise good faith efforts to conduct such construction work so as not to unreasonably
interfere with Tenant.

 

10.          No
Assignment or Sublease

 

Due to the fact
that the LIHTI Incubator is intended to benefit specific types of companies in the developmental stages, and because Tenant has
been specifically approved for participation in the LIHTI Incubator project, Tenant agrees that it cannot assign this agreement,
or sublease the Premises nor any portion thereof without Landlord's consent, which may be granted or withheld in Landlord's sole
discretion.

 

11.         Alterations

 

Tenant may make
no changes in or to the Premises of any nature without Landlord's prior written consent. All fixtures and all paneling, partitions,
railings and like installations, installed in the Premises at any time, either by Tenant or by Landlord on Tenant's behalf, shall,
upon installation, become the property of Landlord and shall remain upon and be surrendered with the Premises unless Landlord,
by notice to Tenant no later than twenty days prior to the date fixed as the termination of this Lease, elects to relinquish Landlord's
right thereto and to have them removed by Tenant, in which event the same shall be removed from the Premises by Tenant prior to
the expiration of this Lease at Tenant's expense. Upon removal of such installations as may be required by Landlord; Tenant shall
immediately and at its expense, repair and restore the Premises to the condition existing prior to installation and repair any
damage to the Premises or the Building due to such removal. All property permitted or required to be removed by Tenant at the end
of the term remaining in the Premises after Tenant's removal shall be deemed abandoned and may, at the election of Landlord, either
be retained as Landlord's property or may be removed from the Premises by Landlord, at Tenant's expense.

 

12.         Rules and
Regulations

 

Tenant agrees
to adhere to and abide by any rules and regulations that may be adopted or modified by the Landlord.

 

		a)	Tenant shall not install any signage; awnings or structure of any kind whatsoever in the interior
or exterior of the Building without Landlord's written consent.

 

		b)	Tenant shall not connect any apparatus, equipment or device to the water, plumbing, and HVAC lines
without first obtaining the written consent of the Landlord.

 

    	 	Page 7 of 12	 

     

    

 

		c)	Tenant shall not operate any electric powered machines or equipment, except normal office equipments
such as copiers, calculators, personal computers, or printers, without first obtaining the written consent of the Landlord.

 

		d)	Tenant shall not operate or permit to be operated any musical or sound-producing device, which
may be heard outside of Tenant's Premises. Tenant shall not bring or permit to be brought into the building any animals or birds
whether alive or dead. SBU has an authorized animal control facility for such use.

 

		e)	No toxic or hazardous substances shall be used, stored or brought into the Building by Tenant without
written declaration.

 

		f)	Tenant shall not perform or hire any contractors or installation technicians rendering any construction
or building services including, but not limited to, electrical, installation of electrical devices, plumbing, HVAC, and installation
of any and every nature affecting floors, walls, ceilings, equipment or other physical portions or services of the Building. No
outside telecommunications service or provider will be permitted to install communications equipment on Premises without prior
written approval.

 

		g)	Tenant assumes all risk of damage to any and all articles moved or installed, as well as all injury
to any person or property in such movement, and hereby agrees to indemnify Landlord against any loss resulting there from.

 

		h)	Landlord shall not be responsible for any loss or stolen
property, equipment, money, jewelry from the leased Premises or the public areas of the Building or grounds.

 

		i)	Landlord shall have the right to determine the maximum
weight and proper position of any heavy equipment, including safes, large files, etc. that are to be placed in the Building,
and only those which, in the opinion of the Landlord, will not do damage to the floors, structures or elevators may be moved into
the Building.

 

		j)	Tenant shall not allow any violation of fire or safety
regulations. Tenant agrees at its own expense to comply with, and to indemnify and hold Landlord harmless with respect to any
violation of, all recommendations and requirements with respect to the Premises, or its use or occupancy, of the insurance underwriters
or any similar public or private body, and any governmental authority, having jurisdiction over insurance rates with respect to
the use or occupancy of the Building.

 

		k)	Appliances including but not limited to refrigerators,
freezers, cooking equipment (microwaves) are not permitted without first obtaining the consent of the Landlord.

 

    	 	Page 8 of 12	 

     

    

 

13.         Mechanics' Liens

 

Tenant will not
permit to be created or to remain undischarged any lien, encumbrance or charge arising out of any work done or materials or supplies
furnished by any contractor, mechanic, laborer or materialman by or for Tenant or any mortgage, conditional sale, security agreement
or chattel mortgage. If any such lien shall be filed against the Building or any part thereof, Tenant will cause the same to be
discharged of record by payment, deposit, bond, order of a court of competent jurisdiction or otherwise within thirty (30)
days after the filing thereof. If Tenant shall fail to cause such lien or notice of lien to be discharged within the period aforesaid,
then, in addition to any other right or remedy Landlord may, but shall not be obligated to, discharge the same either by paying
the amounts claimed to be due or by procuring the discharge of such lien by deposit or by bonding proceedings and in any such
event Landlord shall be entitled, if Landlord so elects, to compel the prosecution of an action for the foreclosure of such lien
by the lienor and to pay the amount of judgment in favor of the lienor with the interest, costs and allowances. Any amount so
paid by Landlord and all costs and expenses, including attorney's fees, incurred by Landlord in connection therewith, shall constitute
Additional Rent payable by Tenant under this Lease and. Shall be paid by Tenant to Landlord on demand.

 

14.         Termination

 

		a)	This Lease shall be terminated
by:

 

		i)	expiration of this agreement or

 

	 	ii)	revocation by the Landlord, subject to the provision of 60 days notice in writing to the Tenant unless revocation is for non-payment of rent, repeat code and lease term violations or other such breaches of the Tenancy Agreement.

  

		b)	In the event this agreement is terminated and the Tenant
fails to vacate the Premises, the Tenant agrees to pay holdover rental in the amount of $40 per square foot of the Premises and
allocated Common Area Space.

 

15.         Notice

 

Any Notice hereunder
must be in a signed writing and served by certified mail, return receipt requested as follows:

 

a)   Landlord:

 

Long Island High Technology
Incubator, Inc, 

25 Health Sciences Drive, Mail Box 100 

Stony Brook, NY 11790-3350 

Attn.: Executive Director

 

b) Tenant:

 

James A. Hayward, Ph.D.

Chairman,
President and CEO 

Applied DNA Sciences, Inc. 

50 Health Sciences Drive 

Stony Brook, NY 11790

 

    	 	Page 9 of 12	 

     

    

 

16.         No Encumbrances

 

Tenant agrees
that it cannot mortgage nor encumber neither the Premises nor any portion thereof.

 

17.         Default

 

		a)	Failure of Tenant to pay rent by the 15th day of any month or to otherwise adhere to the terms
and conditions herein shall be deemed an event of default.

 

		b)	Landlord's Remedies. If any Event of Default occurs, then and in each such case, Landlord may treat
the occurrence of such Event of Default as a breach of this Lease, and in addition to any and all other rights or remedies of Landlord
in this Lease or by law or in equity provided, Landlord shall have, in its option, without further notice of demand of any kind
to Tenant or any other person:

 

		i)	the right to charge late fees;

		ii)	the right to terminate this Lease;

		iii)	the right to bring suit for the collection of Rent, as
it accrues pursuant to the terms of this Lease, and damages (including without limitation)

 

18.         No
Modification

 

This Agreement
may not be changed, amended or modified except in a writing duly executed by all parties herein.

 

19.         No
Waiver

 

Failure of the
Landlord to exercise a right or remedy to which it is entitled to exercise pursuant to this agreement shall not be deemed a waiver
of its right to later exercise the right or remedy.

 

20.         Estoppel
Certificates

 

Within ten (10) days
after Tenant takes possession of the Premises, and from time to time thereafter within ten (10) days after request in writing
there for from Landlord, Tenant agrees to execute and deliver to Landlord, or to such other addressee or addressees as Landlord
may designate (and any such addressee may rely thereon), a statement in writing in a form and substance prepared by Landlord,
certifying (i) that this Lease is unamended and in full force and effect (or identifying any amendments), (ii) whether
either party hereto is in default hereof (and specifying any such default), (iii) the date(s) to which Rent has been
paid, and (iv) such other matters as Landlord shall reasonably request. In the event that Tenant fails to provide such statement
within ten (10) days after Tenant takes possession of the Premises and from time to time thereafter within ten (10) days
after Landlord's written request therefore, Tenant does hereby irrevocably appoint Landlord as attorney-in-fact of Tenant, coupled
with an interest, in Tenant's name, place and stead so to do in each and every case.

 

    	 	Page 10 of 12	 

     

    

 

21.         Subordination

 

Tenant agrees
that this Lease and the Tenant's interest herein shall be subordinate to any mortgage, deed of trust, ground or underlying lease,
or any method of financing or refinancing now or hereafter placed against the Premises and/or any or all of the Building of which
the Premises is a part and/or the land upon which the Building is located; and to all renewals, increases, modifications, replacements,
consolidations and extensions thereof. Upon request of Landlord, Tenant agrees to execute and deliver any and all documents as
Landlord shall request to evidence such subordination as aforesaid.

 

22.         Destruction

 

In the event of
the destruction of the Building to such a degree that Landlord shall elect to demolish or substantially renovate or rehabilitate
the Building, Landlord shall have the right to terminate this Lease upon notice to Tenant.

 

23.         Building
Alterations and Management

 

Landlord shall
have the right at anytime without the same constituting an eviction and without incurring liability to Tenant therefore to change
the arrangement and/or location of public entrances, passageways, doors, doorways, corridors, elevators, stairs, toilets or other
public parts of the Building and to change the name, number or designation by which the Building may be known.

 

There shall be
no allowance to Tenant for dimmution of rental value and no liability on the part of Landlord by reason of inconvenience, annoyance
or injury to business arising from Landlord or other Tenants making any repairs in the Building or any such alterations, additions
and improvements.

 

    	 	Page 11 of 12	 

     

    

 

Agreement of Lease: Signature page September, 2015

 

	
        Long Island High Technology Incubator, Inc.

        (Landlord)
	 	
        Applied DNA Sciences, Inc.

        (Tenant)

	 	 	 
	By:	/s/ Jeffrey K. Saelens	 	By:	/s/ James A. Hayward
	 	Jeffrey K. Saelens, Ph.D.	 	 	James A. Hayward, Ph.D.
	 	Interim Executive Director	 	 	Chairman, President & CEO
	 	 	 	 	 
	Date:	10/2/2015	 	Date:	10/16/2015

 

    	 	Page 12 of 12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}]]