Document:

Exhibit 10.6

 

October 9, 2020

 

Applied DNA Sciences, Inc. (the “Company”)

Attn: Chief Financial Officer

50 Health Sciences Drive

Stony Brook, New York 11790

 

Re:         Securities Purchase Agreement,
dated July 16, 2019, between the Company and Dillon Hill Capital, LLC (the “Holder”) and Secured Convertible Note,
dated as of July 16, 2019 by the Company, in favor of Holder.

 

Dear Beth Jantzen,

 

Reference is made to (i) Securities
Purchase Agreement, dated July 16, 2019, between the Company, Holder and certain other Buyers (as defined in the Purchase
Agreement) (as amended, restated, supplemented or otherwise modified from time to time and in effect on the date hereof the “Purchase
Agreement”), (ii) Secured Convertible Note, dated as of July 16, 2019, by the Company in favor of the Holder (as
amended, restated, supplemented or otherwise modified from time to time and in effect on the date hereof, the “Note”),
(iii) Security Agreement, dated as of October 19, 2018, by the Company in favor of Delaware Trust Company (the “Collateral
Agent”) (the “Company Security Agreement”), (iv) Guaranty and Security Agreement dated as of October 19,
2018, by APDN (B.V.I) Inc. (the “Guarantor”) in favor of the Collateral Agent (as amended, restated, supplemented or
otherwise modified from time to time and in effect on the date hereof, the “Guarantor Security Agreement”), (v) Intellectual
Property Security Agreement, dated October 19, 2018, by the Company in favor of the Collateral Agent (“Company IP Security
Agreement”) and (vi) Intellectual Property Security Agreement dated as of October 19, 2018, by the Guarantor in
favor of the Collateral Agent (as amended, restated, supplemented or otherwise modified from time to time and in effect on the
date hereof, the “Guarantor IP Security Agreement”). Capitalized terms used but not otherwise defined herein shall
have the meanings given them in the Securities Purchase Agreement.

 

The Company has informed the Holder that
the Company intends to repay the Note and the obligations thereunder (the “Obligations”). The amount due and payable
under the Note on October 9, 2020 (the “Target Date”) which includes principal and accrued but unpaid interest
(the “Payoff Amount”) is $1,665,581.

 

Wire instructions:          [Intentionally
omitted.]

 

Holder and Collateral Agent agree that
upon Holder’s receipt of the full referenced amount above, (i) all of the obligations and liabilities of the Company
and the Guarantor under the Note, the Purchase Agreement, any security agreement, any guaranty agreement (including without limitation
the Company Security Agreement, the Guarantor Security Agreement, the Company IP Security Agreement, and the Guarantor IP Security
Agreement) and any other documents and instruments related thereto (“Documents”) will be automatically satisfied in
full, (ii) the Note and other Documents will be automatically terminated and of no further force or effect (other than any
provisions or terms of the Documents (including inchoate indemnity obligations) that are specified in any such agreement as surviving
that respective agreement’s termination, which shall continue to survive notwithstanding the foregoing), (iii) all liens,
mortgages and other security interests in or on the Company, the Guarantor, or any of the Company’s or Guarantor’s
assets or properties shall be automatically released and be of no further force or effect with no further action on our part, (iv) Collateral
Agent authorizes the Company and its respective agents and assignees to file termination statements of all UCC financing statements
and/or mortgages filed by the Collateral Agent covering the assets of the Company or Guarantor securing the Obligations, and (v) Collateral
Agent shall promptly return all original collateral in its possession to the Company or the Company’s designee. Upon the
Company’s request from time to time, Collateral Agent and Holder shall promptly execute and deliver such additional lien
and/or mortgage releases as may be necessary or requested to effectively terminate or evidence the termination of any and all of
Collateral Agent’s liens, mortgages and other security interests on any of the assets and properties of the Company.

 

    

     

    

 

This
letter agreement shall be governed by the laws of the State of New York.

 

This letter agreement may be executed in
any number of and by different parties hereto on separate counterparts, all of which, when so executed, shall be deemed an original,
but all such counterparts shall constitute one and the same agreement. Any signature executed and delivered by a party by facsimile
or electronic transmission (including email transmission of a PDF image or an electronic signature complying with the U.S. federal
ESIGN Act of 2000, e.g., docusign.com) shall be deemed to be an original signature hereto.

 

	 	Sincerely,
	 
	 	By:	/s/ Bruce Grossman
	 	Name:	 Bruce Grossman
	 	Title:	Chief Executive Officer
	 	 	Dillon Hill Capital, LLC 

200 Business Park Drive
    

Suite 306 
	 	 	Armonk, NY 10504
	 	
	 	By:	 /s/ Benjamin Hancock
	 	Name:	 Benjamin Hancock
	 	Title:	 Assistant Vice President
	 	 	Delaware Trust Company 

251 Little Falls Dr.

 Wilmington, DE 19808Exhibit 10.7

 

October 9, 2020

 

Applied DNA Sciences, Inc. (the “Company”) 

Attn: Chief Financial Officer 

50 Health Sciences Drive 

Stony Brook, New York 11790

 

Ladies and Gentlemen:

 

Reference is made to
(i) that certain Securities Purchase Agreement, dated July 16, 2019, between the Company and Dillon Hill Capital, LLC
(the “Holder”) (as amended, restated, supplemented or otherwise modified from time to time and in effect on
the date hereof, the “Purchase Agreement”), and (ii) that certain Secured Convertible Note, dated as of
July 16, 2019, by the Company in favor of the Holder (as amended, restated, supplemented or otherwise modified from time to
time and in effect on the date hereof, the “Note”). Capitalized terms used herein and not otherwise defined
herein shall have the meanings ascribed thereto in the Purchase Agreement.

 

The Company has informed
the Holder that it intends to pay to the Holder all principal and interest due under the Note (collectively, the “Requested
Action”), and has requested that the Holder consent to such Requested Action.

 

Notwithstanding any
provision of the Purchase Agreement and the Note to the contrary, including, without limitation, the limitation on prepayment of
the Note set forth in Section 1 of the Note, Holder consents to the Requested Action.

 

Except as expressly
set forth in this letter agreement, the foregoing consent shall not constitute (a) a modification or alteration of the terms,
conditions or covenants of the Purchase Agreement, the Note or any other instrument or agreement referred to therein, or (b) a
waiver, release or limitation upon the exercise by the Holder of its rights, legal or equitable, under the Purchase Agreement,
the Note or any other instrument or agreement referred to therein. This letter agreement shall be governed by, and construed in
accordance with, the internal laws of the State of New York and all applicable laws of the United States of America. Delivery of
an executed signature page to this letter agreement by electronic, email or facsimile delivery shall be effective as delivery
of an original executed manual signature page of this letter agreement.

 

[Signature Pages Follow]

 

     

     

    

 

	 	Very truly yours,	 

 

	 	HOLDER:
	 	 
	 	DILLON
    HILL CAPITAL, LLC

 

	 	By: 	/s/
    Bruce Grossman

 

	 	Name:
     Bruce Grossman
	 	Title:
      Chief Executive OfficerExhibit 4.1

 

	NUMBER	SHARES

C-

SEE REVERSE FOR CERTAIN DEFINITIONS

 

CUSIP _______

 

SKILLZ INC.

CLASS A COMMON STOCK

 

THIS CERTIFIES THAT          is
the owner of               fully paid and
non-assessable shares of Class A common stock, par value $0.0001 per share (the “Common Stock”),
of Skillz Inc., a Delaware corporation (the “Company”), transferable on the books of the Company in person
or by duly authorized attorney upon surrender of this certificate properly endorsed.

 

This certificate is
not valid unless countersigned by the Transfer Agent and registered by the Registrar of the Company. Witness the facsimile signature
of a duly authorized signatory of the Company.

 

	 	 	 
	 	 	 
	 	 	 
	Authorized Signatory	 	Transfer Agent

 

     

     

    

 

SKILLZ INC.

 

The Company will furnish
without charge to each stockholder who so requests, a statement of the powers, designations, preferences and relative, participating,
optional or other special rights of each class of equity or series thereof of the Company and the qualifications, limitations,
or restrictions of such preferences and/or rights. This certificate and the shares represented thereby are issued and shall be
held subject to all the provisions of the Company’s Third Amended and Restated Certificate of Incorporation and all amendments
thereto and resolutions of the Board of Directors providing for the issue of securities (copies of which may be obtained from the
secretary of the Company), to all of which the holder of this certificate by acceptance hereof assents.

 

The following abbreviations,
when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according
to applicable laws or regulations:

 

	TEN COM — 	as tenants in common	UNIF GIFT MIN ACT      —	
        _____________   Custodian   ________________

        (Cust)                                             (Minor)

	TEN ENT — 	as tenants by the entireties	 	under Uniform Gifts to Minors Act
	JT TEN —	as joint tenants with right
of survivorship and not as tenants in common	 	 
	 	 	 	
        (State)

 

Additional abbreviations may also be used
though not in the above list.

 

For value received, ___________ hereby
sells, assigns and transfers unto___________________

 

(PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER(S) OF ASSIGNEE(S))

(PLEASE PRINT OR TYPEWRITE NAME(S) AND ADDRESS(ES), INCLUDING ZIP CODE, OF ASSIGNEE(S))

 

___________ shares
of Common Stock represented by the within Certificate, and hereby irrevocably constitutes and appoints

 

___________ Attorney
to transfer the said shares of Common Stock on the books of the within named Company with full power of substitution in the premises.

 

	Dated ___________ 	

	 	Notice: The signature(s) to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

 

     

     

    

 

	

        Signature(s) Guaranteed:

        

	 
	 	 
	 	 
	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE).

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