Document:

Exhibit 10.3

 

SECURITIES PURCHASE
AGREEMENT

 

SECURITIES PURCHASE AGREEMENT (the “Agreement”),
dated as of August 31, 2018, by and among Applied DNA Sciences, Inc., a Delaware corporation, with headquarters located at 50 Health
Sciences Drive, Stony Brook, New York 11790 (the “Company”), and the investors listed on the Schedule of Buyers
attached hereto (individually, a “Buyer” and collectively, the “Buyers”).

 

WHEREAS:

 

A.       The
Company and each Buyer is executing and delivering this Agreement in reliance upon the exemption from securities registration afforded
by Section 4(a)(2) of the Securities Act of 1933, as amended (the “1933 Act”), and Rule 506(b) of Regulation
D (“Regulation D”) as promulgated by the United States Securities and Exchange Commission (the “SEC”)
under the 1933 Act.

 

B.        The
Company has authorized a new series of secured convertible notes of the Company which notes shall be convertible into the Company’s
common stock, $0.001 par value per share (the “Common Stock”), all in accordance with the terms of the Notes
(as defined below).

 

C.       Each
Buyer wishes to purchase on a several and not a joint basis, and the Company wishes to sell, upon the terms and conditions stated
in this Agreement, that principal amount of the Notes, in substantially the form attached hereto as Exhibit A (the “Notes”),
set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers attached hereto (which aggregate amount
for all Buyers shall be $1,650,000).

 

D.       Contemporaneously
with the execution and delivery of this Agreement, the parties hereto are executing and delivering a Registration Rights Agreement,
substantially in the form attached hereto as Exhibit B (the “Registration Rights Agreement”), pursuant to which
the Company has agreed to provide certain registration rights with respect to the Registrable Securities (as defined in the Registration
Rights Agreement) under the 1933 Act and the rules and regulations promulgated thereunder, and applicable state securities laws.

 

E.        The
Common Stock issued upon the conversion of the Notes shall be known as the “Conversion Shares.”

 

F.        The
Notes and the Conversion Shares are collectively referred to herein as the “Securities.”

 

G.        The
Notes will be secured by a security interest in substantially all of the assets of the Company, as evidenced by the security agreement,
substantially in the form attached hereto as Exhibit C (the “Security Document”), which shall be executed
within five (5) Business Days of the Closing.

 

NOW, THEREFORE, the Company and each
Buyer hereby agree as follows:

 

1.  
       PURCHASE AND SALE OF NOTES.

 

(a)       Purchase
of Notes. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall
issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from the Company on the applicable
Closing Date (as defined below), a principal amount of Notes as is set forth opposite such Buyer’s name in column (3) on
the Schedule of Buyers (the “Closing”).

 

(b)       Closing.
The Closing shall occur on the applicable Closing Date (as defined below) at the offices of Pepper Hamilton LLP, 620 Eighth Avenue,
New York, NY 10018.

 

(c)       Purchase
Price. The purchase price for each Buyer of the Notes to be purchased by each such Buyer at the Closing shall be the amount
set forth opposite such Buyer’s name in column (4) of the Schedule of Buyers (the “Purchase Price”).

 

     

     

    

 

(d)      Closing
Date. The date and time of each Closing (each, a “Closing Date”) shall be mutually agreed by the Company
and each Buyer after notification of satisfaction (or waiver) of the conditions to the Closing set forth in Sections 6 and 7 below.

 

(e)      Delivery
and Payment. On or prior to the Closing Date, each Buyer shall pay its Purchase Price for the Notes to be issued and sold to
such Buyer at the Closing by check or wire transfer of immediately available funds to such account or accounts of the Company as
the Company shall specify, and the Company shall deliver to each Buyer, the Notes (in the principal amounts as such Buyer shall
request) which such Buyer is then purchasing duly executed on behalf of the Company and registered in the name of such Buyer or
its designee.

 

2.           BUYER’S
REPRESENTATIONS AND WARRANTIES.

 

Each Buyer represents and warrants with respect
to only itself and no other Buyer that:

 

(a)       No
Public Sale or Distribution. Such Buyer is (i) acquiring the Notes and (ii) upon conversion of the Notes will acquire the Conversion
Shares issuable upon conversion of the Notes, for its own account and not with a view towards, or for resale in connection with,
the public sale or distribution thereof, except pursuant to sales registered or exempted under the 1933 Act. Except as previously
disclosed to the Company in writing, such Buyer (i) does not presently have any agreement or understanding, directly or indirectly,
with any Person (defined as any individual, limited liability company, partnership, joint venture, corporation, trust, unincorporated
organization, government or any department or agency thereof) to distribute any of the Securities, and (ii) is not a broker-dealer
registered with the SEC under the Securities Exchange Act of 1934, as amended (the “1934 Act”), or any entity
engaged in the business that would require it to be so registered as a broker-dealer.

 

(b)       Accredited
Investor Status. Such Buyer is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D.

 

(c)       Reliance
on Exemptions. Such Buyer understands that the Securities are being offered and sold to it in reliance on specific exemptions
from the registration requirements of United States federal and state securities laws and that the Company is relying in part upon
the truth and accuracy of, and such Buyer’s compliance with, the representations, warranties, agreements, acknowledgments
and understandings of such Buyer set forth herein in order to determine the availability of such exemptions and the eligibility
of such Buyer to acquire the Securities.

 

(d)       Information.
Such Buyer and its advisors, if any, have been furnished with all materials relating to the business, finances and operations of
the Company and materials relating to the offer and sale of the Securities, which have been requested by such Buyer. Such Buyer
and its advisors, if any, have reviewed a copy of the Company’s most recent Annual Report on Form 10-K (including any risk
factors), Quarterly Reports on Form 10-Q (including any risk factors), Proxy Statements on Form Def 14A and current reports on
Form 8-K. Such Buyer and its advisors, if any, have been afforded the opportunity to ask questions of the Company. Such Buyer understands
that its investment in the Securities involves a high degree of risk. Such Buyer has sought such accounting, legal and tax advice
as it has considered necessary to make an informed investment decision with respect to its acquisition of the Securities.

 

(e)       No
Governmental Review. Such Buyer understands that no United States federal or state agency or any other government or governmental
agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment
in the Securities nor have such authorities passed upon or endorsed the merits of the offering of the Securities. Any statement
to the contrary is unlawful.

 

(f)       Legends.
Buyer understands that the certificates or other instruments representing the Securities have been issued pursuant to an exemption
from registration or qualification under the 1933 Act and applicable state securities laws, and except as set forth below, the
Securities shall bear any legend as required by the “blue sky” laws of any state and a restrictive legend in substantially
the following form (and a stop-transfer order may be placed against transfer of such stock certificates):

 

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NEITHER THE ISSUANCE AND SALE OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR
ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR (B) AN OPINION OF COUNSEL TO THE HOLDER (IF REQUESTED BY THE COMPANY), IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY,
THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD OR ELIGIBLE TO BE SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER
SAID ACT.

 

Certificates evidencing Securities shall not
be required to contain the legend set forth above or any other legend (i) while a registration statement covering the resale of
such Securities is effective under the 1933 Act, (ii) following any sale of such Securities pursuant to Rule 144 (assuming the
transferor is not an affiliate of the Company), (iii) if such Securities are eligible to be sold, assigned or transferred under
Rule 144 (provided that Buyer provides the Company with reasonable assurances that such Securities are eligible for sale, assignment
or transfer under Rule 144), (iv) in connection with a sale, assignment or other transfer (other than under Rule 144), provided
that Buyer provides the Company with an opinion of counsel to Buyer from reputable counsel to the effect that such sale, assignment
or transfer of the Securities may be made without registration under the applicable requirements of the 1933 Act or (v) if such
legend is not required under applicable requirements of the 1933 Act (including, without limitation, controlling judicial interpretations
and pronouncements issued by the SEC).

 

If a legend is not required pursuant to the
foregoing, the Company shall no later than five (5) Business Days following the delivery by Buyer to the Company or the transfer
agent (with notice to the Company) of a legended certificate representing such Securities (endorsed or with stock powers attached,
signatures guaranteed, and otherwise in form necessary to affect the reissuance and/or transfer, if applicable), together with
any other deliveries from Buyer as may be required above in this Section 2(f), as directed by Buyer, either: (A) provided that
the Company’s transfer agent is participating in the DTC Fast Automated Securities Transfer Program and such Securities are
Conversion Shares, credit the aggregate number of shares of Common Stock to which Buyer shall be entitled to Buyer’s or its
designee’s balance account with DTC through its Deposit/Withdrawal at Custodian system or (B) if the Company’s transfer
agent is not participating in the DTC Fast Automated Securities Transfer Program or the Securities are not shares of Common Stock,
issue and deliver (via reputable overnight courier) to Buyer, a certificate representing such Securities that is free from all
restrictive and other legends, registered in the name of Buyer or its designee.

 

(g)       Validity;
Enforcement. This Agreement, the Registration Rights Agreement and the Security Document to which such Buyer is a party have
been duly and validly authorized, executed and delivered on behalf of such Buyer and shall constitute the legal, valid and binding
obligations of such Buyer enforceable against such Buyer in accordance with their respective terms, except as such enforceability
may be limited by general principles of equity or to applicable bankruptcy, insolvency, reorganization, moratorium, liquidation
or other similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights and remedies.

 

(h)       Residency.
Such Buyer is a resident of that jurisdiction specified below its address on the Schedule of Buyers.

 

(i)       Brokers
and Finders. No Person will have, as a result of the transactions contemplated by the Transaction Documents, as defined below,
any valid right, interest or claim against or upon the Company for any commission, fee or other compensation pursuant to any agreement,
arrangement or understanding with a placement agent entered into by or on behalf of such Buyer.

 

(j)       Confidentiality
Prior To The Date Hereof. Other than to other Persons party to this Agreement, such Buyer has maintained the confidentiality
of all disclosures made to it in connection with this transaction (including the existence and terms of this transaction).

 

(k)       Sold
to Various Buyers. Such Buyer understands that the Notes (i) may be sold to various Buyers in one or more Closings, (ii) will
generally be for a term of three years but may have varying maturity dates, (iii) may be purchased by officers and directors of
the Company, (iv) regardless of issue or sale date, will be secured on a pari passu basis by the same Security Document, and the
perfection of any related security interest is not required to occur until 30 days after the first Closing Date and (v) may be
issued in a principal amount of up to $3,500,000. In addition, Buyer understands that a majority of the principal amount of the
Notes may be purchased by the Chief Executive Officer of the Company (the “CEO”) and as a result the
CEO may have the ability to direct the actions of the Collateral Agent, direct the approval of amendments to the Transaction Documents
and control the demand rights under the Registration Rights Agreement.

 

    	 	- 3 -	 

     

    

 

(l)       No
Independent Counsel. Such Buyer understands that Pepper Hamilton LLP has represented the Company in the preparation of the
Transaction Documents and there is no independent counsel that has represented the Buyers.

 

3.           REPRESENTATIONS
AND WARRANTIES OF THE COMPANY.

 

The Company represents and warrants to each
of the Buyers as of the date hereof that:

 

(a)       Organization
and Qualification. The Company is duly organized and validly existing in good standing under the laws of the jurisdiction in
which it is formed, and has the requisite power and authorization to own its properties and to carry on its business as now being
conducted.

 

(b)       Authorization;
Enforcement; Validity. The Company and its Subsidiaries each has the corporate power and authority to enter into and perform
its obligations under this Agreement, the Notes, the Registration Rights Agreement, the Security Document, the Transfer Agent Instructions
(substantially in the Form of Exhibit D) to which it is a party, and each of the other agreements entered into by the parties hereto
in connection with the transactions contemplated by this Agreement (collectively, the “Transaction Documents”)
and to issue the Securities in accordance with the terms hereof and thereof. The execution and delivery of the Transaction Documents
by the Company and its Subsidiaries and the consummation by the Company and its Subsidiaries of the transactions contemplated hereby
and thereby, including, without limitation, the issuance of the Notes, the reservation for issuance and the issuance of the Conversion
Shares issuable upon conversion of the Notes, and the granting of a security interest in the Collateral (as defined
in the Security Document), have been duly authorized by the Company’s and such Subsidiaries’ respective Board of Directors
and no further consent, or authorization is required by the Company, such Subsidiaries, their respective Board of Directors or
their respective stockholders. This Agreement and the other Transaction Documents have been duly executed and delivered by the
Company and such Subsidiaries, and constitute the legal, valid and binding obligations of the Company and such Subsidiaries, enforceable
against the Company and such Subsidiaries in accordance with their respective terms, except (i) the perfection of any security
interest required by the Security Document need not occur until 45 days after the first Closing Date and (ii) as such enforceability
may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or
other similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights and remedies.

 

(c)       Issuance
of Securities. The issuance of the Notes are duly authorized and are free from all taxes, liens and charges with respect to
the issue thereof. As of the Closing, 660,000 shares of Common Stock shall have been duly authorized and reserved for issuance
which equals 100% of the maximum number of shares Common Stock issuable upon conversion of the Notes. Upon conversion in accordance
with the Notes, the Conversion Shares will be validly issued, fully paid and nonassessable and free from all preemptive or similar
rights, taxes, liens and charges with respect to the issue thereof, with the holders being entitled to all rights accorded to a
holder of Common Stock. Subject to the accuracy of the representations made by each Buyer in Section 2, the offer and issuance
by the Company of the Securities is exempt from registration under the 1933 Act.

 

(d)       No
Conflicts. The execution, delivery and performance of the Transaction Documents by the Company and its Subsidiaries and the
consummation by the Company and its Subsidiaries of the transactions contemplated hereby and thereby (including, without limitation,
the issuance of the Notes, the granting of a security interest in the Collateral and reservation for issuance and issuance of the
Conversion Shares) will not (i) result in a violation of the Certificate of Incorporation of the Company, as amended from time
to time and as in effect on the date hereof (the “Certificate of Incorporation”) or any certificate or articles
of incorporation, certificate of formation, any certificate of designations or other charter document of any of its Subsidiaries,
or the Bylaws of the Company, as amended from time to time and as in effect on the date hereof (the “Bylaws”),
or any of its Subsidiaries or (ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both
would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement,
indenture or instrument to which the Company or any of its Subsidiaries is a party, or (iii) result in a violation of any law,
rule, regulation, order, judgment or decree (including federal and state securities laws and regulations and the rules and regulations
of The NASDAQ Capital Market (the “Principal Market”)) applicable to the Company or any of its Subsidiaries
or by which any property or asset of the Company or any of its Subsidiaries is bound or affected, except in the case of
clauses (ii) and (iii) above, for such conflicts, defaults, rights or violations that would not, individually or in the aggregate,
have a Material Adverse Effect. As used in this Agreement, “Material Adverse Effect” means any material
adverse effect on the business, properties, assets, operations, results of operations, condition (financial or otherwise) or prospects
of the Company and its Subsidiaries, taken as a whole, or on the transactions contemplated by this Agreement and the other Transaction
Documents, or on the authority or ability of the Company to perform its obligations under the Transaction Documents.

 

    	 	- 4 -	 

     

    

 

(e)       Consents.
Except for the filing with the SEC of one or more Registration Statements in accordance with the requirements of the Registration
Rights Agreement, the filing with the SEC of a Current Report on Form 8-K describing the terms of the transactions contemplated
by the Transaction Documents, the filing of the Form D with the SEC and for such filings as shall be required under state securities
or “blue sky” laws, and the filing of any notice with the Financial Industry Regulatory Authority, neither the Company
nor any of its Subsidiaries is required to obtain any consent, authorization or order of, or make any filing or registration with,
any court, governmental agency or any regulatory or self-regulatory agency or any other Person in order for it to execute, deliver
or perform any of its obligations under or contemplated by the Transaction Documents, in each case in accordance with the terms
hereof or thereof, which have not been or will not be obtained or effected on or prior to the Closing Date, and the Company and
its Subsidiaries have no knowledge of any facts or circumstances which might prevent the Company from obtaining or effecting any
of the registration, application or filings pursuant to the preceding sentence.

 

4.           COVENANTS.

 

(a)         Reasonable
Best Efforts. Each party shall use its reasonable best efforts timely to satisfy each of the covenants and conditions to be
satisfied by it as provided in Sections 6 and 7 of this Agreement.

 

(b)         Disclosure
of Transactions and Other Material Information. On or before 8:30 a.m., New York City time, by the fourth (4th)
Business Day following the date of this Agreement, the Company shall file a Current Report on Form 8-K describing the terms of
the transactions contemplated by the Transaction Documents in the form required by the 1934 Act and attaching the material Transaction
Documents (including, without limitation, this Agreement (and all schedules to this Agreement), the form of the Notes, the Registration
Rights Agreement and the Security Document) as exhibits to such filing (including all attachments, the “8-K Filing”).
As used herein, “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks
in The City of New York are authorized or required by law to remain closed.

 

(c)         Reservation
of Shares. So long as any Buyer owns any Securities, the Company shall take all action necessary to at all times have authorized,
and reserved for the purpose of issuance, no less than 100% of the number of shares of Common Stock issuable upon conversion of
the Notes then outstanding (without taking into account any limitations on the conversion of the Notes set forth in the Notes).

 

(d)         Collateral
Agent.

 

(i)       Corporation
Service Company (“CSC”) is hereby appointed Collateral Agent under the Security Document and each Buyer hereby authorizes
CSC, in such capacity, to act as its agent in accordance with the terms of the Security Document and this Agreement. The provisions
of this Section 4(d) are solely for the benefit of the Buyers and the Company and its Affiliates shall not have any rights as a
third party beneficiary of any of the provisions thereof. In performing its functions and duties under the Security Document and
this Agreement, the Collateral Agent shall act solely as an agent of Buyers and does not assume and shall not be deemed to have
assumed any obligation towards or relationship of agency or trust with the Company or any of its Affiliates. The Collateral Agent
shall be obligated, and shall have the powers and rights, to make demands, to give notices, to exercise or refrain from exercising
any rights, and to take or refrain from taking any action (including, without limitation, the release or substitution of Collateral),
solely in accordance with this Agreement and the Security Document. If any provision, duty, obligation or right under the Security
Document is in conflict with any provision, duty, obligation or right under this Agreement then this Agreement shall control. The
Collateral Agent shall not have any duties or responsibilities, except those expressly set forth herein and in the Security Document
and such powers as are incidental thereto.

 

    	 	- 5 -	 

     

    

 

(ii)       Each
Buyer irrevocably authorizes the Collateral Agent to take such action on such Buyer’s behalf and to exercise such powers,
rights and remedies hereunder as are specifically delegated or granted to the Collateral Agent by the terms of this Agreement and
the Security Document, together with such powers, rights and remedies as are reasonably incidental thereto. The Collateral Agent
shall have only those duties and responsibilities that are expressly specified herein and therein. The Collateral Agent may exercise
such powers, rights and remedies and perform such duties by or through its agents or employees. Notwithstanding any other provisions
hereof or of any provision of the Security Document, the Collateral Agent shall not have or be deemed to have any fiduciary relationship
with the Buyers or any other person or entity, and no implied covenants, functions, responsibilities, duties, obligations or liabilities
shall be read into this Agreement or the Security Document or otherwise exist against the Collateral Agent. Without limiting the
generality of the foregoing sentence, the use of the term “agent” in this Agreement or the Security Document with reference
to the Collateral Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency
doctrine of any applicable law.

 

(iii)       The
Collateral Agent may act in reliance upon any writing or instrument or signature which it, in good faith, believes to be genuine,
and may assume the validity and accuracy of any statement or assertion contained in such a writing or instrument and may assume
that any person or entity purporting to give any writing, notice, advice or instruction in connection with the provisions hereof
has been duly authorized to do so. The Collateral Agent may consult with counsel and shall be entitled to act, and shall be fully
protected in any action taken in good faith, in accordance with advice given by counsel. The Collateral Agent shall not be liable
to the Company or any of its Affiliates, or the Buyers for any recitals or warranties herein or in the Security Document, nor for
the effectiveness, enforceability, validity or due execution of the Security Document or any other agreement, document or instrument,
nor to make any inquiry respecting the performance by any party of their respective obligations thereunder. Any such inquiry which
may be made by the Collateral Agent shall not obligate it to make any further inquiry or to take any action.

 

(iv)       The
Collateral Agent shall not be required to take any action which, in the Collateral Agent’s sole and absolute judgment, could
involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion,
to be satisfactory. In the event the Collateral Agent receives conflicting instructions hereunder or under any of the Security
Document, the Collateral Agent shall be fully protected in refraining from acting until such conflict is resolved to the satisfaction
of the Collateral Agent. Neither the Collateral Agent nor any of its directors, officers, employees or agents shall be liable,
except for the Collateral Agent’s bad faith, negligence or willful misconduct as finally determined by a court of competent
jurisdiction for any action taken or omitted under or in connection with this Agreement, the Security Document or any other instrument
or document in connection herewith or therewith.

 

(v)       The
Collateral Agent may resign or be removed by the Buyers (by a vote of the holders of a majority of the outstanding principal of
the Notes) as Collateral Agent hereunder at any time upon at least thirty (30) days’ prior notice. If the Collateral Agent
at any time shall resign, the Buyers shall (by a vote of the holders of a majority of the outstanding principal of the Notes),
within ten (10) days after such notice appoint a successor Collateral Agent which shall thereupon become the Collateral Agent hereunder
and under the Security Document. If no successor Collateral Agent shall have been so appointed, and shall have accepted such appointment,
within the above time frame the retiring Collateral Agent may appoint a successor. Upon the acceptance of any appointment as Collateral
Agent hereunder by a successor Collateral Agent, such successor Collateral Agent shall be entitled to receive from the retiring
Collateral Agent such documents of transfer and assignment as such successor Collateral Agent may reasonably request, and shall
thereupon succeed to and become vested with all rights, powers, privileges and duties of the retiring Collateral Agent, and the
retiring Collateral Agent shall be discharged from its duties and obligations under this Agreement. After the effective date of
any retiring Collateral Agent’s resignation hereunder as collateral agent, the provisions of this section shall inure to
its benefit as to any actions taken or omitted to be taken by it while it was Collateral Agent under this Agreement.

 

(vi)       The
Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of any default unless the Collateral Agent has
received a copy of a notice thereof from a Buyer referring to this Agreement and describing such default. In the event that the
Collateral Agent receives such a notice, the Collateral Agent shall promptly give notice thereof to the other Buyers and to the
Company. The Collateral Agent shall be permitted to take such action with respect to any default as provided in this Agreement
and the Security Document.

 

    	 	- 6 -	 

     

    

 

(vii)       Each
Buyer, by its acceptance of the benefits hereof and of the Security Document, agrees that it shall have no right individually to
realize upon any of the Collateral, it being understood and agreed by each Buyer that all rights and remedies may be exercised
solely by the Collateral Agent for the benefit of the Buyer in accordance with the provisions of this Agreement and the Security
Document in the Collateral Agent’s sole and absolute discretion.

 

(viii)    Upon
any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, to its
creditors upon any dissolution or winding-up or total or partial liquidation or reorganization of the Company, whether voluntary
or involuntary or in bankruptcy, insolvency, receivership or other proceedings including, without limitation, all amounts received
by the Collateral Agent on behalf of the Buyers, or received by the Buyers, shall be paid by the in accordance with its outstanding
secured Obligations (as defined in the Security Document) to each of the Buyers in accordance with clause (xii) below. Any and
all amounts referred to in this clause (viii)or any other amounts or proceeds of collateral received by any of the Buyers shall
be held in trust for the benefit of all of the Buyers, shall be immediately delivered by the applicable Buyers to the Collateral
Agent in the amount and form received, and shall be apportioned, paid over or delivered among the Buyers in accordance with clause
(xi) of this Agreement.

 

(ix)       Except
as provided by law, the security interests in the Collateral shall be for the ratable benefit of the Buyers, shall rank equally
in priority, none being senior or subordinate to any other. No Buyer shall contest the validity, perfection, priority or enforceability
of the lien of any other Buyer in the Collateral. Each Buyer, by its acceptance of the benefits hereof, agrees that it shall have
no right individually to realize upon any of the Collateral under this Agreement, the Security Document, pursuant to applicable
law, or otherwise, it being understood and agreed by each Buyer that all rights and remedies under this Agreement, the Security
Document, pursuant to applicable law, or otherwise, may be exercised solely by the Collateral Agent for the benefit of Buyers in
accordance with the provisions of this Agreement and the Security Document.

 

(x)       Upon
any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, to creditors
upon any dissolution or winding-up or total or partial liquidation or reorganization of the Company, whether voluntary or involuntary
or in bankruptcy, insolvency, receivership or other proceedings (each such payment, distribution and/or amount is hereafter referred
to as a “Collateral Proceeds Amount”), shall be disbursed in accordance with clause (xi) below.

 

(xi)       Any
and all Collateral Proceeds Amount and any other amounts or proceeds of Collateral received by any of the Buyers shall be held
in trust for the benefit of all of the Buyers, shall be immediately delivered by the applicable Buyer to the Collateral Agent in
the amount and form received, and, subject to the rights to any of the Collateral Proceeds Amount or such other amounts or proceeds
of Collateral of the holders of the other security interests in the Collateral referred to in clause (x) above, shall be apportioned,
paid over or delivered as follows: first, to the Collateral Agent for the payment or reimbursement of any expenses and fees
of, or any other amount payable to, the Collateral Agent hereunder or under the Security Document, and next, among the Buyers
on a pro rata basis to each in accordance with the Company’s outstanding obligations to each of the Buyers which are secured
pursuant to this Agreement.

 

5.           REGISTER;
TRANSFER AGENT INSTRUCTIONS.

 

(a)       Register.
The Company shall maintain at its principal executive offices (or such other office or agency of the Company as it may designate
by notice to each holder of Securities), a register for the Notes in which the Company shall record the name and address of the
Person in whose name the Notes have been issued (including the name and address of each transferee), the aggregate number of Notes
held by such Person, and any tax related information required to be maintained. The Company shall keep the register open and available
at all times during business hours for inspection of any Buyer or its legal representatives.

 

(b)       Transfer
Agent Instructions. If a Buyer effects a sale, assignment or transfer of the Conversion Shares, the Company shall permit the
transfer, in compliance with applicable securities laws, and shall promptly instruct its transfer agent to issue one or more certificates
or credit shares to the applicable balance accounts at DTC in such name and in such denominations as specified by such Buyer to
effect such sale, transfer or assignment. In the event that such sale, assignment or transfer involves Conversion Shares sold,
assigned or transferred pursuant to an effective registration statement or in compliance with Rule 144, the transfer agent shall
issue such shares to such Buyer, assignee or transferee (as the case may be) without any restrictive legend in accordance with
Section 2(f). Any fees (with respect to the transfer agent, counsel to the Company or otherwise) associated with the issuance of
such opinion or the removal of any legends on any of the Securities as referred to in Section 2(f) shall be borne by the Company.

 

    	 	- 7 -	 

     

    

 

6.       
   CONDITIONS TO THE COMPANY’S OBLIGATION TO SELL.

 

The obligation of the Company hereunder to issue
and sell the Notes to each Buyer at the Closing is subject to the satisfaction, at or before the Closing Date, of each of the following
conditions, provided that these conditions are for the Company’s sole benefit and may be waived by the Company at any time
in its sole discretion by providing each Buyer with prior written notice thereof:

 

(i)       Such
Buyer and each other Buyer shall have executed each of the Transaction Documents to which it is a party and delivered the same
to the Company.

 

(ii)       Such
Buyer and each other Buyer shall have delivered to the Company the Purchase Price for the Notes being purchased by such Buyer and
each other Buyer at the Closing by check or wire transfer of immediately available funds.

 

(iii)       The
representations and warranties of such Buyer and each other Buyer shall be true and correct in all material respects as of the
date hereof and as of the Closing Date as though made at that time (except for representations and warranties that speak as of
a specific date), and such Buyer and each other Buyer shall have performed, satisfied and complied in all material respects with
the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by such Buyer and
each other Buyer at or prior to the Closing Date.

 

7.           CONDITIONS
TO EACH BUYER’S OBLIGATION TO PURCHASE.

 

The obligation of each Buyer hereunder to purchase
the Notes at the Closing is subject to the satisfaction, at or before the Closing Date, of each of the following conditions,
provided that these conditions are for each Buyer’s sole benefit and may be waived by such Buyer at any time in its sole
discretion by providing the Company with prior written notice thereof:

 

(i)       The
Company shall have executed and delivered to such Buyer (A) each of the Transaction Documents and (B) the Notes (in such principal
amounts as such Buyer shall request) being purchased by such Buyer at the Closing pursuant to this Agreement.

 

(ii)       The
Company shall have delivered to such Buyer a copy of the Transfer Agent Instructions, substantially in the form attached hereto
as Exhibit D, which instructions shall have been delivered to and acknowledged in writing by the Company’s transfer
agent.

 

(iii)       The
representations and warranties of the Company shall be true and correct in all material respects (except for those representations
and warranties that are qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects) as
of the date when made and as of the Closing Date as though made at that time (except for representations and warranties that speak
as of a specific date) and the Company shall have performed, satisfied and complied in all material respects with the covenants,
agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by the Company at or
prior to the Closing Date.

 

(iv)       The
Common Stock (I) shall be designated for quotation or listed on the Principal Market and (II) shall not have been suspended, as
of the Closing Date, by the SEC or the Principal Market from trading on the Principal Market nor shall suspension by the SEC or
the Principal Market have been threatened, as of the Closing Date.

 

(v)       The
Company shall have obtained all governmental, regulatory or third party consents and approvals, if any, necessary for the sale
of the Securities.

 

    	 	- 8 -	 

     

    

 

8.     
     TERMINATION. In the event that the Closing shall not have occurred with respect to a
Buyer on or before ten (10) Business Days from the date hereof due to the Company’s or such Buyer’s failure to
satisfy the conditions set forth in Sections 6 and 7 above (and the nonbreaching party’s failure to waive such
unsatisfied condition(s)), the nonbreaching party shall have the option to terminate this Agreement at the close of business
on such date without liability of any party to any other party.

 

9.           MISCELLANEOUS.

 

(a)       Governing
Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation of this
Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice of law or conflict
of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the
laws of any jurisdictions other than the State of New York. Each party hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in The City of New York, Borough of Manhattan, for the adjudication of any dispute hereunder
or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees
not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court,
that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is
improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit,
action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees
that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be
deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY
RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH
OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

(b)       Counterparts.
This Agreement may be executed in two or more identical counterparts, all of which shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to the other party; provided that a facsimile
signature shall be considered due execution and shall be binding upon the signatory thereto with the same force and effect as if
the signature were an original, not a facsimile signature.

 

(c)       Headings.
The headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this
Agreement.

 

(d)       Severability.
If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall
not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability
of any provision of this Agreement in any other jurisdiction.

 

(e)       Entire
Agreement; Amendments. This Agreement and the other Transaction Documents supersede all other prior oral or written agreements
between the Buyers, the Company, their affiliates and Persons acting on their behalf with respect to the matters discussed herein,
and this Agreement, the other Transaction Documents and the instruments referenced herein and therein contain the entire understanding
of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein,
neither the Company nor any Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No
provision of this Agreement may be amended other than by an instrument in writing signed by the Company and the Required Holders
(as defined in the Note), and any amendment to this Agreement made in conformity with the provisions of this Section 9(e) shall
be binding on all Buyers and holders of Securities, as applicable. No provision hereof may be waived other than by an instrument
in writing signed by the party against whom enforcement is sought. No such amendment shall be effective to the extent that it applies
to less than all of the holders of the applicable Securities then outstanding. No consideration shall be offered or paid to any
Person to amend or consent to a waiver or modification of any provision of any of the Transaction Documents unless the same consideration
also is offered to all of the parties to the Transaction Documents or holders of Notes. The Company has not, directly or indirectly,
made any agreements with any Buyers relating to the terms or conditions of the transactions contemplated by the Transaction Documents
except as set forth in the Transaction Documents. Without limiting the foregoing, the Company confirms that, except as set forth
in this Agreement, no Buyer has made any commitment or promise or has any other obligation to provide any financing to the Company
or otherwise.

 

    	 	- 9 -	 

     

    

 

(f)       Notices.
Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must
be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when
sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending
party); or (iii) one Business Day after deposit with an overnight courier service, in each case properly addressed to the party
to receive the same. The addresses and facsimile numbers for such communications shall be:

 

	 	If to the Company:
	 	 	 
	 	 	Applied DNA Sciences, Inc.
	 	 	50 Health Sciences Drive
	 	 	Stony Brook, New York 11790
	 	 	Telephone: (631) 240-8800
	 	 	Attention: Chief Financial Officer
	 	 	 
	 	With copies to:
	 	 	 
	 	 	Pepper Hamilton LLP
	 	 	620 Eighth Street, Floor 37
	 	 	New York, NY 10018
	 	 	Telephone: 212-808-2724
	 	 	Attention: Merrill Kraines, Esq.
	 	 	 
	 	If to the Transfer Agent:
	 	 	 
	 	 	American Stock Transfer and Trust Company
	 	 	6201 15th Ave.
	 	 	Brooklyn, New York 11219
	 	 	Telephone: (718) 921-8210
	 	 	Facsimile: (718) 921-8355
	 	 	Attention: Vito Cirone
	 	 	 
	 	If to the Collateral Agent:
	 	 
	 	 	CSC
	 	 	251 Little Falls Drive
	 	 	Wilmington, DE 19808
	 	 	Telephone: (866) 403-5272
	 	 	Facsimile: (302) 636-5454
	 	 	Attention: [●]

 

If to a Buyer, to its address and facsimile number set forth on
the Schedule of Buyers, with copies to such Buyer’s representatives as set forth on the Schedule of Buyers, or to such other
address and/or facsimile number and/or to the attention of such other Person as the recipient party has specified by written notice
given to each other party five (5) days prior to the effectiveness of such change. Written confirmation of receipt (A) given by
the recipient of such notice, consent, waiver or other communication, (B) mechanically or electronically generated by the sender’s
facsimile machine containing the time, date, recipient facsimile number and an image of the first page of such transmission or
(C) provided by an overnight courier service shall be rebuttable evidence of personal service, receipt by facsimile or receipt
from an overnight courier service in accordance with clause (i), (ii) or (iii) above, respectively.

 

    	 	- 10 -	 

     

    

 

(g)       Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns, including any purchasers of the Notes. The Company shall not assign this Agreement or any rights or obligations hereunder
without the prior written consent of the Required Holders, including by way of a Fundamental Transaction (unless the Company is
in compliance with the applicable provisions governing Fundamental Transactions set forth in the Notes). A Buyer may assign some
or all of its rights hereunder without the consent of, but upon prompt written notice to, the Company, in which event such assignee
shall be deemed to be a Buyer hereunder with respect to such assigned rights.

 

(h)       No
Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted
successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

(i)       Reliance
by the Collateral Agent. The parties agree and acknowledge that the Collateral Agent may rely on the representations, warranties,
agreements and covenants of the Company contained in this Agreement and may rely on the representations and warranties to the respective
Buyer set forth in this Agreement as if such representations, warranties, agreements and covenants, as applicable, were made directly
to the Collateral Agent. In addition, no representation, warranty or covenant, express or implied, is or will be made by the Collateral
Agent with respect to the Company or the transactions contemplated by this Agreement; and no responsibility of any kind exists
with the Collateral Agent with respect to the completeness or accuracy of, or any other matter concerning, any other information
made or provided by the Company or its representatives to the Buyer (as to diligence matters or otherwise) or with respect to any
statements made regarding any such information by the Company, its representatives or the Collateral Agent to the Buyers.

 

(j)       Survival.
Unless this Agreement is terminated under Section 8, the representations and warranties of the Company and the Buyers contained
in Sections 2 and 3 and the agreements and covenants set forth in Sections 4, 5 and 9 shall survive the Closing for a period of
one (1) year from the date hereof. Each Buyer shall be responsible only for its own representations, warranties, agreements and
covenants hereunder.

 

(k)       Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as any other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

(l)       No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

(m)       Remedies.
Each Buyer and each holder of the Securities shall have all rights and remedies set forth in the Transaction Documents and all
rights and remedies which such holders have been granted at any time under any other agreement or contract and all of the rights
which such holders have under any law. Any Person having any rights under any provision of this Agreement shall be entitled to
enforce such rights specifically (without posting a bond or other security), to recover damages by reason of any breach of any
provision of this Agreement and to exercise all other rights granted by law. Furthermore, the Company recognizes that in the event
that it fails to perform, observe, or discharge any or all of its obligations under the Transaction Documents, any remedy at law
may prove to be inadequate relief to the Buyers. The Company therefore agrees that the Buyers shall be entitled to seek temporary
and permanent injunctive relief in any such case without the necessity of proving actual damages and without posting a bond or
other security.

 

(n)       Rescission
and Withdrawal Right. Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of)
the Transaction Documents, whenever any Buyer exercises a right, election, demand or option under a Transaction Document and the
Company does not timely perform its related obligations within the periods therein provided, then such Buyer may rescind or withdraw,
in its sole discretion from time to time upon written notice to the Company, any relevant notice, demand or election in whole or
in part without prejudice to its future actions and rights.

 

(o)       Payment
Set Aside. To the extent that the Company makes a payment or payments to the Buyers hereunder or pursuant to any of the other
Transaction Documents or the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments or the
proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential,
set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee,
receiver or any other Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common
law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended
to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement
or setoff had not occurred.

 

    	 	- 11 -	 

     

    

 

(p)       Independent
Nature of Buyers’ Obligations and Rights. The obligations of each Buyer under any Transaction Document are several and
not joint with the obligations of any other Buyer, and no Buyer shall be responsible in any way for the performance of the obligations
of any other Buyer under any Transaction Document. Nothing contained herein or in any other Transaction Document, and no action
taken by any Buyer pursuant hereto or thereto, shall be deemed to constitute the Buyers as a partnership, an association, a joint
venture or any other kind of entity, or create a presumption that the Buyers are in any way acting in concert or as a group with
respect to such obligations or the transactions contemplated by the Transaction Documents and the Company acknowledges that the
Buyers are not acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction
Documents. Each Buyer confirms that it has independently participated in the negotiation of the transaction contemplated. Each
Buyer shall be entitled to independently protect and enforce its rights, including, without limitation, the rights arising out
of this Agreement or out of any other Transaction Documents, and it shall not be necessary for any other Buyer to be joined as
an additional party in any proceeding for such purpose.

 

[Signature Page Follows]

 

    	 	- 12 -	 

     

    

 

IN WITNESS WHEREOF, each Buyer and the
Company have caused their respective signature page to this Securities Purchase Agreement to be duly executed as of the date first
written above.

 

	 	COMPANY:
	 	 
	 	APPLIED DNA SCIENCES, INC.
	 	 
	 	By:	
	 	 	Name: Beth Jantzen
	 	 	Title: Chief Financial Officer

 

[Signature Page to Securities Purchase Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, each Buyer and the
Company have caused their respective signature page to this Securities Purchase Agreement to be duly executed as of the date first
written above.

 

Attestation of Receipt of Documents

 

Each Buyer hereby attests to receipt and review of the following
documents:

 

		1)	Purchase Agreement (including all exhibits and schedules)

 

		2)	Registration Rights Agreement

 

		3)	Security Agreement

 

		4)	Form of Note

 

	 	BUYERS:	 
	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 

 

[Signature Page to Securities Purchase Agreement]

 

     

     

    

 

SCHEDULE OF
BUYERS

 

	(1)	(2)	(3)	(4)	(5)
	Buyer	Address and

Facsimile Number	Aggregate

Principal

Amount of

Notes	Purchase

Price	Legal Representative’s

Address and

Facsimile Number
	James A. Hayward	1 Emmet Dr

Stony Brook, NY 11790	$ 1,000,000	$2.50	 
	Judith Murrah	8 Old Post La

Saint James, NY 11780	25,000	$2.50	 
	Delabarta II	c/o Delaware Corporate  Management

1105 North Market Street

Suite 1300

Wilmington, DE  19801	100,000	$2.50	 
	Yavoc Shamash	7 Quaker Hill Rd

Stony Brook, NY 11790	25,000	$2.50	 
	Robert Catell	62 Osborne Rd

Garden City, NY 11530	25,000	$2.50	 
	Elizabeth Schmalz Ferguson	101 Jersey Ave

Spring Lake, NJ 07762	10,000	$2.50	 
	The Rodgers Living Trust Dated April 7, 1995	1277 Porter Rd

Flower Mound, TX 75022	100,000	$2.50	 
	Gregg Baldwin	3391 Ichabod Way

The Villages, FL 32163	50,000	$2.50	Schedule
	William Montgomery	34211 Seavey Loop Rd

Eugene, OR 97405	200,000	$2.50	 
	Johnette van Eeden	451 Westpark Way, Ste 5

Euless, TX 76040	100,000	$2.50	 
	John Cartier	PO Box ____

East Hampton, NY 11937	15,000	$2.50	 

  

     

     

    

 

EXHIBITS

 

	Exhibit A	 	Form of Notes
	Exhibit B	 	Registration Rights Agreement
	Exhibit C	 	Form of Security Agreement of the Company
	Exhibit D	 	Transfer Agent Instructions

 

     

     

    

 

Exhibit A

 

Form of Notes

 

    	 	Exhibit A-1	 

     

    

 

Exhibit B

 

Registration Rights Agreement

 

    	 	Exhibit B-1	 

     

    

 

Exhibit C

 

Form of Security Agreement of the Company

 

    	 	Exhibit C-1	 

     

    

 

Exhibit D

 

TRANSFER AGENT
INSTRUCTIONS

APPLIED DNA SCIENCES, INC.

 

August 31, 2018

 

American Stock Transfer and Trust Company, LLC

Operations Center

6201 15th Avenue, Third Floor

Brooklyn, NY 11219

Attention: [●]

 

Ladies and Gentlemen:

 

Reference is made to that certain Securities
Purchase Agreement, dated as of August 31, 2018 (the “Agreement”), by and among Applied DNA Sciences, Inc.,
a Delaware corporation (the “Company”), and the investors listed on the Schedule of Buyers attached thereto
(collectively, the “Buyers”), pursuant to which the Company is issuing to the Buyers secured convertible notes
of the Company (the “Notes”), which will be convertible into shares of the Company’s common stock, $0.001
par value per share (the “Common Stock”). The shares of Common Stock to be converted thereunder are referred
to herein as the “Conversion Shares.”

 

This letter shall serve as our authorization
and direction to you (provided that you are the transfer agent of the Company at such time) to issue the Conversion
Shares to or upon the order of a Buyer from time to time upon delivery to you of a properly completed and duly executed Conversion
Notice, in the form attached hereto as Exhibit I, which has been acknowledged by the Company as indicated by the signature
of a duly authorized officer of the Company thereon.

 

Specifically, upon receipt by the Company of
a copy of a Conversion Notice, the Company shall as soon as practicable, but in no event later than two (2) Business Days (as defined
below) after receipt of such Conversion Notice, deliver a Conversion Notice, which shall constitute an irrevocable instruction
to you to process such Conversion Notice in accordance with the terms of these instructions. Upon your receipt of a copy of the
executed Conversion Notice, you shall use your best efforts to, (A) provided you are participating in the DTC Fast Automated Securities
Transfer Program, credit the aggregate number of shares of Common Stock to which Buyer shall be entitled to Buyer’s or its
designee’s balance account with DTC through its Deposit/Withdrawal at Custodian system or (B) issue and deliver (via reputable
overnight courier) to Buyer, a certificate representing such Securities that is free from all restrictive and other legends, registered
in the name of Buyer or its designee (the date by which such credit is so required to be made to the balance account of Buyer’s
or Buyer’s nominee with DTC or such certificate is required to be delivered to Buyer pursuant to the foregoing is referred
to herein as the “Required Delivery Date”).

 

You acknowledge and agree that so long as you
have previously received (a) written confirmation from the outside legal counsel of the Company that either (i) a registration
statement covering resales of the Conversion Shares has been declared effective by the Securities and Exchange Commission (the
“SEC”) under the Securities Act of 1933, as amended (the “1933 Act”), or (ii) that sales
of the Conversion Shares may be made in conformity with Rule 144 under the 1933 Act, and (b) if applicable, a copy of such registration
statement, then, as soon as practicable after your receipt of a notice of transfer or Conversion Notice, you shall issue the certificates
representing the Conversion Shares and such certificates shall not bear any legend restricting transfer of the Conversion Shares
thereby and should not be subject to any stop-transfer restriction; provided, however, that if such Conversion Shares
are not registered for resale under the 1933 Act or able to be sold under Rule 144, then the certificates for such Conversion Shares
shall bear the following legend:

 

    	 	Exhibit D-1	 

     

    

 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE
OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL TO THE HOLDER (IF REQUESTED BY THE COMPANY), IN A FORM
REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD OR ELIGIBLE TO BE SOLD
PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH
A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

A form of written confirmation from the Company’s
outside legal counsel that a registration statement covering resales of the Conversion Shares has been declared effective by the
SEC under the 1933 Act is attached hereto as Exhibit II.

 

Please execute this letter in the space indicated
to acknowledge your agreement to act in accordance with these instructions. Should you have any questions concerning this matter,
please contact me at (631) 240-8800.

 

	 	Very truly yours,	 
	 	 	 	 
	 	APPLIED DNA SCIENCES, INC.	 
	 	 	 	 
	 	By:	 	 
	 	 	Name: Beth Jantzen	 
	 	 	Title: Chief Financial Officer	 

 

    	 	Exhibit D-2	 

     

    

 

THE FOREGOING INSTRUCTIONS ARE

ACKNOWLEDGED AND AGREED TO

this 31st day of August, 2018

 

AMERICAN STOCK TRANSFER AND TRUST COMPANY,
LLC

 

	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

 

Enclosures

 

    	 	Exhibit D-3	 

     

    

 

EXHIBIT I

 

APPLIED DNA
SCIENCES, INC.

CONVERSION NOTICE

 

Reference is made to the Secured Convertible Note (the “Note”)
issued to the undersigned by Applied DNA Sciences, Inc. (the “Company”). In accordance with and pursuant to
the Note, the undersigned hereby elects to convert the Conversion Amount (as defined in the Note) of the Note indicated below into
Conversion Shares (as defined in the Note) of the Company, as of the date specified below.

 

	 	Date of Conversion:	 

  

	 	Aggregate Conversion Amount to be converted:	 

 

Please confirm the following information:

 

	 	Conversion Price:	 

 

	 	Number of shares of Common Stock to be issued:	 

 

Please issue the Common Stock into which the
Conversion Amount of the Note is being converted in the following name and to the following address:

 

	 	Issue to:	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

	 	Facsimile Number:	 

 

	 	Authorization:	 

 

	 	By:	 
	 	 	 
	 	Title:	 

 

	 	Dated:	 

 

	 	Account Number:	 
	 	(if electronic book entry transfer)

 

	 	Transaction Code Number:	 
	 	(if electronic book entry transfer)

 

    	 	Exhibit I-1	 

     

    

 

ACKNOWLEDGMENT

 

The Company hereby acknowledges this Conversion
Notice and hereby directs American Stock Transfer and Trust Company, LLC to issue the above indicated number of shares of Common
Stock in accordance with the Transfer Agent Instructions dated August 31, 2018 from the Company and acknowledged and agreed to
by American Stock Transfer and Trust Company, LLC.

 

	 	APPLIED DNA SCIENCES, INC
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

     

     

    

 

EXHIBIT II

 

FORM OF NOTICE
OF EFFECTIVENESS

OF REGISTRATION STATEMENT

 

American Stock Transfer and Trust Company, LLC

Operations Center

6201 15th Avenue, Third Floor

Brooklyn, NY 11219

Telephone: (718) 921-8210

Attention: [●]

 

Re: Applied DNA Sciences, Inc.

 

Ladies and Gentlemen:

 

We are counsel to Applied DNA Sciences, Inc.,
a Delaware corporation (the “Company”), and have represented the Company in connection with that certain Securities
Purchase Agreement, dated as of [●], 2018 (the “Securities Purchase Agreement”), entered into by and among
the Company and the buyers named therein (collectively, the “Holders”) pursuant to which the Company issued
to the Holders secured convertible notes (the “Notes”) which are convertible into the Company’s common
stock, $0.001 par value per share (the “Common Stock”). Pursuant to the Securities Purchase Agreement, the Company
also has entered into a Registration Rights Agreement with the Holders (the “Registration Rights Agreement”)
pursuant to which the Company agreed, among other things, to register the resale of the Registrable Securities (as defined in the
Registration Rights Agreement), including the shares of Common Stock issuable upon conversion of the Notes under the Securities
Act of 1933, as amended (the “1933 Act”). In connection with the Company’s obligations under the Registration
Rights Agreement, on _______, 201_, the Company filed a Registration Statement on Form S-1 (File No. 333-_____________) (the “Registration
Statement”) with the Securities and Exchange Commission (the “SEC”) relating to the Registrable Securities
which names each of the Holders as a selling shareholder thereunder.

 

In connection with the foregoing, we advise you
that the SEC has entered an order declaring the Registration Statement effective under the 1933 Act at [ENTER TIME OF EFFECTIVENESS]
on [ENTER DATE OF EFFECTIVENESS] and we have no knowledge, based upon our review of the list of current stop orders available
on the SEC’s website, that any stop order suspending its effectiveness has been issued or that any proceedings for that purpose
are pending before, or threatened by, the SEC and the Registrable Securities are available for resale under the 1933 Act pursuant
to the Registration Statement.

 

    	 	Exhibit II-1	 

     

    

 

This letter shall serve as our standing instruction
to you that the shares of Common Stock are freely transferable by the Holders pursuant to the Registration Statement. You need
not require further letters from us to effect any future legend-free issuance or reissuance of shares of Common Stock to the Holders
as contemplated by the Company’s Irrevocable Transfer Agent Instructions dated August 31, 2018, provided at the time of such
reissuance, the Company has not otherwise notified you that the Registration Statement is unavailable for the resale of the Registrable
Securities.

 

	 	Very truly yours,
	 	 
	 	[ISSUER’S COUNSEL]

 

	 	By:	
	cc: [LIST NAMES OF BUYERS]	 

 

    	 	Exhibit II-2Exhibit 10.1

  

   

  

  
    INCREMENTAL TERM LOAN LENDER JOINDER AGREEMENT, INCREASE AGREEMENT AND FIRST AMENDMENT TO CREDIT AGREEMENT

     

    THIS INCREMENTAL TERM LOAN LENDER JOINDER AGREEMENT, INCREASE AGREEMENT AND FIRST AMENDMENT TO CREDIT AGREEMENT dated as
        of December 7, 2018 (this “Agreement”) is by and among each of the Persons identified as an “Incremental Term A-1 Lender” on the signature pages hereto
        (each, an “Incremental Term A-1 Lender”), each of the Persons identified as an “Incremental Term A-2 Lender” on the signature pages hereto (each, an “Incremental Term A-2 Lender”), each of the Persons identified as an “Increasing Revolver A Lender” on the signature pages hereto (each, an “Increasing Revolver A Lender”), each of the Persons identified as an “Increasing Revolver B Lender” on the signature pages hereto (each, an “Increasing Revolver B Lender” and together with the Incremental Term A-1 Lenders, the Incremental Term A-2 Lenders, and the Increasing Revolver A Lenders, the “Incremental Lenders”), EnerSys, a Delaware corporation (the “Company”),

        1180899 B.C. Ltd., a British Columbia company (the “Merger Sub”), the Guarantors party hereto, and Bank of America, N.A., as Administrative Agent.

     

    W I T N E S S E T H

     

    WHEREAS, pursuant to that certain Credit Agreement, dated as of August 4, 2017 (as amended, restated, amended and
        restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among the Borrowers party thereto, the
        Guarantors party thereto, the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, the Lenders have agreed to provide the Borrowers with the credit facilities provided for
        therein;

     

    WHEREAS, the Company, Alpha Innovations Limited, a Cyprus company, Alphatec Limited, a Cyprus company, Radiant Energy
        Systems Limited, a Cyprus company, and Fortis Advisors LLC, a Delaware limited liability company, entered into that certain Share Purchase Agreement, dated October 29, 2018 (including all schedules, exhibits and amendments thereto, the “Acquisition Agreement”), pursuant to which, inter alia, the Company has designated (a) the Merger Sub to purchase all of the issued and outstanding Equity
        Interests of Alpha Technologies Ltd., a British Columbia company (“Alpha Technologies Ltd. (Pre-Amalgamation”), (b) EnerSys Capital Inc. to purchase all of
        the issued and outstanding Equity Interests of Alpha Technologies Services, Inc., a Nevada corporation (“Alpha Technologies Services”; Alpha Technologies
        Services, together with Alpha Technologies Ltd. (Pre-Amalgamation), collectively, the “Target”), and (c) Optimus Acquisition LLC, a Delaware limited
        liability company, to purchase certain assets of certain affiliates of the Target (collectively, the “Alpha Acquisition”);

     

    WHEREAS, the Merger Sub and Alpha Technologies Ltd. (Pre-Amalgamation) will amalgamate (the “Amalgamation”) on the date hereof to form Alpha Technologies Ltd., a corporation amalgamated under the laws of the Province of British Columbia (“Alpha Technologies”);

     

    WHEREAS, pursuant to Section 2.18(c) of the Credit Agreement, the Company has requested that each Incremental Term A-1
        Lender provide to the Company a portion of an Incremental Term Loan under the Credit Agreement in the amount of $200,000,000 (the “Incremental Term A-1 Loan”);

     

    WHEREAS, each Incremental Term A-1 Lender has agreed to provide a portion of the Incremental Term A-1 Loan on the terms
        and conditions set forth herein and to become an “Incremental Term Lender” under the Credit Agreement in connection therewith;

     

    WHEREAS, pursuant to Section 2.18(c) of the Credit Agreement, the Company has requested that each Incremental Term A-2
        Lender provide to the Canadian Borrower a portion of an Incremental Term Loan under the Credit Agreement in Canadian Dollars the amount of C$133,050,000.00 (the “Incremental

            Term A-2 Loan”);

     

     

    

    
      
        

    

     

    

    WHEREAS, each Incremental Term A-2 Lender has agreed to provide a portion of the Incremental Term A-2 Loan on the terms
        and conditions set forth herein and to become an “Incremental Term Lender” under the Credit Agreement in connection therewith;

     

    WHEREAS, in accordance with Section 10.01 of the Credit Agreement, the Credit Parties, the Incremental Term A-2 Lenders,
        and the Administrative Agent have agreed to amend the Credit Agreement as set forth herein to implement the Incremental Term A-2 Loan and to add the Canadian Borrower as a Designated Borrower;

     

    WHEREAS, pursuant to Section 2.18(a) of the Credit Agreement, the Company has requested that the Aggregate Revolving A
        Commitments be increased to $643,500,000.00 (the “Revolver A Increase”);

     

    WHEREAS, each Increasing Revolver A Lender has agreed to provide a portion of the Revolver A Increase on the terms and
        conditions set forth herein;

     

    WHEREAS, pursuant to Section 2.18(b) of the Credit Agreement, the Company has requested that the Aggregate Revolving B
        Commitments be increased to $56,500,000.00 (the “Revolver B Increase”); and

     

    WHEREAS, each Increasing Revolver B Lender has agreed to provide a portion of the Revolver B Increase on the terms and
        conditions set forth herein.

     

    NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of
        which are hereby acknowledged, the parties hereto agree as follows:

     

    1.          Defined Terms.  Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.  In addition, the following terms shall have the
        meanings set forth below:

     

    “Beneficial Ownership
            Certification” means a certification regarding beneficial ownership required by the Beneficial Ownership Regulation.

     

    “Beneficial Ownership
            Regulation” means 31 C.F.R. § 1010.230.

     

    “Benefit Plan”
        means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or
        otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

     

    “Canadian Borrower”
        means (a) prior to the consummation of the Amalgamation, the Merger Sub, and (b) upon consummation of the Amalgamation and at all times thereafter, Alpha Technologies.

     

    “PTE” means
        a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

     

      

     

      

    
      
        

    

     

    2.          Incremental Term A-1 Loan.

     

    (a)          Each
        Incremental Term A-1 Lender severally agrees to make a portion of the Incremental Term A-1 Loan in a single advance to the Company on the date hereof in the amount of such Incremental Term A-1 Lender’s Incremental Term Loan Commitment for the
        Incremental Term A-1 Loan (each Incremental Term A-1 Lender’s Incremental Term Loan Commitment for the Incremental Term A-1 Loan being such Incremental Term A-1 Lender’s “Incremental

            Term A-1 Loan Commitment”); provided, that, after
        giving effect to such advances, the Outstanding Amount of the Incremental Term A-1 Loan shall not exceed the aggregate amount of the Incremental Term A-1 Loan Commitments of the Incremental Term A-1 Lenders.  The Incremental Term A-1 Loan
        Commitment of each Incremental Term A-1 Lender and the Applicable Percentage of the portion of the Incremental Term A-1 Loan for each Incremental Term A-1 Lender shall be as set forth on Schedule 2.01 attached hereto.  The existing Schedule 2.01 to the Credit Agreement shall be deemed to be amended to include the information set forth on Schedule 2.01 attached hereto.

     

    (b)          The
        Applicable Rate with respect to the Incremental Term A-1 Loan shall be the following percentages per annum, based upon the Consolidated Total Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative
        Agent pursuant to Section 6.01(c) of the Credit Agreement:

     

    	
            Pricing

                Level

          	
            Consolidated 

            Total Net Leverage Ratio

          	
            Eurocurrency

                Rate Loans

          	
            Base

                Rate Loans

          
	
            1

          	
            < 2.00 to 1.00

          	
            1.25%

          	
            0.25%

          
	
            2

          	
            > 2.00 to 1.00 but

            < 2.50 to 1.00

          	
            1.50%

          	
            0.50%

          
	
            3

          	
            > 2.50 to 1.00 but

            < 3.25 to 1.00

          	
            1.75%

          	
            0.75%

          
	
            4

          	
            > 3.25 to 1.00

          	
            2.00%

          	
            1.00%

          

     

    Any increase or decrease in the Applicable Rate with respect to the Incremental Term A-1 Loan resulting from a change in
        the Consolidated Total Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.01(c) of the Credit Agreement; provided, that, if a Compliance Certificate is not delivered when due in accordance with such
        Section, then, upon the request of the Required Lenders, Pricing Level 4 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on
        which such Compliance Certificate is delivered.  Subject to the proviso in the immediately preceding sentence, the Applicable Rate with respect to the Incremental Term A-1 Loan in effect from the date hereof through the first Business Day
        immediately following the date a Compliance Certificate is delivered pursuant to Section 6.01(c) of the Credit Agreement for the fiscal quarter of the Company ending December 31, 2018 (the “December Compliance Certificate”) shall be determined based upon Pricing Level 1.  Notwithstanding anything to the contrary contained in this Section 2(b), the determination of the Applicable Rate with respect to the Incremental Term A-1 Loan for any period shall be subject to the provisions of Section 2.10(b) of the Credit Agreement.

     

    (c)          The
        Incremental Term Loan Maturity Date for the Incremental Term A-1 Loan shall be September 30, 2022.

     

    (d)          The
        currency of the Incremental Term A-1 Loan shall be Dollars.

     

      

     

      

     

      

    
      
        

    

     

    (e)          The
        Company shall repay to the Incremental Term A-1 Lenders the outstanding principal amount of the Incremental Term A-1 Loan in installments on the dates and in the amounts set forth in the table below (as such installments may hereafter be adjusted
        as a result of prepayments of the Incremental Term A-1 Loan made pursuant to Section 2.05 of the Credit Agreement), unless accelerated sooner pursuant to Section 8.01 of the Credit Agreement:

     

    	
            Payment Dates

          	
            Principal

            Amortization Payment (% of Outstanding Amount of Incremental Term A-1 Loan on the Date Hereof)

          	
            Payment Dates

          	
            Principal

            Amortization Payment (% of Outstanding Amount of Incremental Term A-1 Loan on the Date Hereof)

          
	
            December 31, 2018

          	
            1.250%

          	
            December 31, 2020

          	
            2.500%

          
	
            March 31, 2019

          	
            1.250%

          	
            March 31, 2021

          	
            2.500%

          
	
            June 30, 2019

          	
            1.250%

          	
            June 30, 2021

          	
            2.500%

          
	
            September 30, 2019

          	
            1.250%

          	
            September 30, 2021

          	
            2.500%

          
	
            December 31, 2019

          	
            1.875%

          	
            December 31, 2021

          	
            2.500%

          
	
            March 31, 2020

          	
            1.875%

          	
            March 31, 2022

          	
            2.500%

          
	
            June 30, 2020

          	
            1.875%

          	
            June 30, 2022

          	
            2.500%

          
	
            September 30, 2020

          	
            1.875%

          	
            Incremental Term Loan Maturity Date for the Incremental Term A-1 Loan

          	
            Outstanding Principal Balance of the Incremental Term A-1 Loan

          

     

    If any date set for payment is not a Business Day, the payment to be made on such payment date shall be
        made on the immediately prior Business Day.

     

     

    (f)          Each
        Incremental Term A-1 Lender (i) represents and warrants that (A) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby and to become an
        Incremental Term Lender under the Credit Agreement, (B) it meets all requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (C) from and after the date
        hereof, it shall be bound by the provisions of the Credit Agreement as an Incremental Term Lender thereunder and shall have the obligations of an Incremental Term Lender thereunder, (D) it has received a copy of the Credit Agreement, together with
        copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this
        Agreement on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Incremental Term A-1 Lender, (E) if it is a Foreign Lender, it has delivered any documentation
        required to be delivered by it pursuant to the terms of the Credit Agreement, (F) it has reviewed the DQ List, and (G) is not a Disqualified Institution; and (ii) agrees that (A) it will, independently and without reliance on the Administrative
        Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (B) it will perform in
        accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as an Incremental Term Lender.

     

    (g)          Each
        of the Administrative Agent, the Company, the Canadian Borrower, and each Guarantor agrees that, as of the date hereof, each Incremental Term A-1 Lender shall (i) be a party to the Credit Agreement and the other Loan Documents, (ii) be an
        “Incremental Term Lender” for all purposes of the Credit Agreement and the other Loan Documents and (iii) have the rights and obligations of an Incremental Term Lender under the Credit Agreement and the other Loan Documents.

     

     

    

    
      
        

    

     

    

    (h)          (i) Each Incremental Term
        A-1 Lender (x) represents and warrants, as of the date hereof, to, and (y) covenants, from the date hereof to the date such Person ceases being a Lender party to the Credit Agreement, for the benefit of the Administrative Agent, and not, for the
        avoidance of doubt, to or for the benefit of any Borrower or any other Credit Party, that at least one of the following is and will be true:

     

    (A)          such
        Incremental Term A-1 Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Incremental Term A-1 Lender’s entrance into, participation in, administration of
        and performance of the Incremental Term A-1 Loan, the Incremental Term A-1 Loan Commitments, this Agreement or any other Loan Document,

     

    (B)          the
        transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving
        insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or
        PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Incremental Term A-1 Lender’s entrance into, participation in, administration of and performance of the Incremental
        Term A-1 Loan, the Incremental Term A-1 Loan Commitments, this Agreement and the Credit Agreement,

     

    (C)          (1)
        such Incremental Term A-1 Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (2) such Qualified Professional Asset Manager made the investment decision on behalf of such
        Incremental Term A-1 Lender to enter into, participate in, administer and perform the Incremental Term A-1 Loan, the Incremental Term A-1 Loan Commitments, this Agreement and the Credit Agreement, (3) the entrance into, participation in,
        administration of and performance of the Incremental Term A-1 Loan, the Incremental Term A-1 Loan Commitments, this Agreement and the Credit Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (4) to the
        best knowledge of such Incremental Term A-1 Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Incremental Term A-1 Lender’s entrance into, participation in, administration of and performance of the
        Incremental Term A-1 Loan, the Incremental Term A-1 Loan Commitments, this Agreement and the Credit Agreement, or

     

    (D)          such
        other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Incremental Term A-1 Lender.

     

     

    

    
      
        

    

     

    

    (ii)          In
        addition, unless either (A) clause (h)(i)(A) above is true with respect to an Incremental Term A-1 Lender, or (B) such Incremental Term A-1 Lender has
        provided another representation, warranty and covenant in accordance with clause (h)(i)(D) above, such Incremental Term A-1 Lender further (x) represents
        and warrants, as of the date hereof, to, and (y) covenants, from the date hereof to the date such Person ceases being a Lender party to the Credit Agreement, for the benefit of the Administrative Agent, and not, for the avoidance of doubt, to or
        for the benefit of any Borrower or any other Credit Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Incremental Term A-1 Lender involved in such Incremental Term A-1 Lender’s entrance into, participation
        in, administration of and performance of the Incremental Term A-1 Loan, the Incremental Term A-1 Loan Commitments, this Agreement and the Credit Agreement (including in connection with the reservation or exercise of any rights by the Administrative
        Agent under the Credit Agreement, any other Loan Document or any documents related hereto or thereto).

     

    3.          Incremental Term A-2 Loan.

     

    (a)          Each
        Incremental Term A-2 Lender severally agrees to make a portion of the Incremental Term A-2 Loan in a single advance to the Merger Sub on the date hereof in the amount of such Incremental Term A-2 Lender’s Incremental Term Loan Commitment for the
        Incremental Term A-2 Loan (each Incremental Term A-2 Lender’s Incremental Term Loan Commitment for the Incremental Term A-2 Loan being such Incremental Term A-2 Lender’s “Incremental

            Term A-2 Loan Commitment”); provided, that, after
        giving effect to such advances, the Outstanding Amount of the Incremental Term A-2 Loan shall not exceed the aggregate amount of the Incremental Term A-2 Loan Commitments of the Incremental Term A-2 Lenders.  The Incremental Term A-2 Loan
        Commitment of each Incremental Term A-2 Lender and the Applicable Percentage of the portion of the Incremental Term A-2 Loan for each Incremental Term A-2 Lender shall be as set forth on Schedule 2.01 attached hereto.  The existing Schedule 2.01 to the Credit Agreement shall be deemed to be amended to include the information set forth on Schedule 2.01 attached hereto.

     

    (b)          The
        Applicable Rate with respect to the Incremental Term A-2 Loan shall be the following percentages per annum, based upon the Consolidated Total Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative
        Agent pursuant to Section 6.01(c) of the Credit Agreement:

     

    	
            Pricing

                Level

          	
            Consolidated Total Net Leverage Ratio

          	
            Eurocurrency

                Rate Loans

          	
            Canadian Prime Rate Loans

          
	
            1

          	
            < 2.00 to 1.00

          	
            1.25%

          	
            0.25%

          
	
            2

          	
            > 2.00 to 1.00 but

            < 2.50 to 1.00

          	
            1.50%

          	
            0.50%

          
	
            3

          	
            > 2.50 to 1.00 but

            < 3.25 to 1.00

          	
            1.75%

          	
            0.75%

          
	
            4

          	
            > 3.25 to 1.00

          	
            2.00%

          	
            1.00%

          

     

    Any increase or decrease in the Applicable Rate with respect to the Incremental Term A-2 Loan resulting from a change in
        the Consolidated Total Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.01(c) of the Credit Agreement; provided, that, if a Compliance Certificate is not delivered when due in accordance with such
        Section, then, upon the request of the Required Lenders, Pricing Level 4 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on
        which such Compliance Certificate is delivered.  Subject to the proviso in the immediately preceding sentence, the Applicable Rate with respect to the Incremental Term A-2 Loan in effect from the date hereof through the first Business Day
        immediately following the date the December Compliance Certificate is delivered pursuant to Section 6.01(c) of the Credit Agreement shall be determined based upon Pricing Level 1.  Notwithstanding anything to the contrary contained in this Section 3(b), the determination of the Applicable Rate with respect to the Incremental Term A-2 Loan for any period shall be subject to the provisions of Section
        2.10(b) of the Credit Agreement.

     

     

    

    
      
        

    

     

    

    (c)          The
        Incremental Term Loan Maturity Date for the Incremental Term A-2 Loan shall be September 30, 2022.

     

    (d)          The
        currency of the Incremental Term A-2 Loan shall be Canadian Dollars.

     

    (e)          The
        Canadian Borrower shall repay to the Incremental Term A-2 Lenders the outstanding principal amount of the Incremental Term A-2 Loan in installments on the dates and in the amounts set forth in the table below (as such installments may hereafter be
        adjusted as a result of prepayments of the Incremental Term A-2 Loan made pursuant to Section 2.05 of the Credit Agreement), unless accelerated sooner pursuant to Section 8.01 of the Credit Agreement:

     

    	
            Payment Dates

          	
            Principal

            Amortization Payment (% of Outstanding Amount of Incremental Term A-2 Loan on the Date Hereof)

          	
            Payment Dates

          	
            Principal

            Amortization Payment (% of Outstanding Amount of Incremental Term A-2 Loan on the Date Hereof)

          
	
            December 31, 2018

          	
            1.250%

          	
            December 31, 2020

          	
            2.500%

          
	
            March 31, 2019

          	
            1.250%

          	
            March 31, 2021

          	
            2.500%

          
	
            June 30, 2019

          	
            1.250%

          	
            June 30, 2021

          	
            2.500%

          
	
            September 30, 2019

          	
            1.250%

          	
            September 30, 2021

          	
            2.500%

          
	
            December 31, 2019

          	
            1.875%

          	
            December 31, 2021

          	
            2.500%

          
	
            March 31, 2020

          	
            1.875%

          	
            March 31, 2022

          	
            2.500%

          
	
            June 30, 2020

          	
            1.875%

          	
            June 30, 2022

          	
            2.500%

          
	
            September 30, 2020

          	
            1.875%

          	
            Incremental Term Loan Maturity Date for the Incremental Term A-2 Loan

          	
            Outstanding Principal Balance of the Incremental Term A-2 Loan

          

     

    If any date set for payment is not a Business Day, the payment to be made on such payment date shall be
        made on the immediately prior Business Day.

     

     

    (f)          Each
        Incremental Term A-2 Lender (i) represents and warrants that (A) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby and to become an
        Incremental Term Lender under the Credit Agreement, (B) it meets all requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (C) from and after the date
        hereof, it shall be bound by the provisions of the Credit Agreement as an Incremental Term Lender thereunder and shall have the obligations of an Incremental Term Lender thereunder, (D) it has received a copy of the Credit Agreement, together with
        copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this
        Agreement on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Incremental Term A-2 Lender, (E) if it is a Foreign Lender, it has delivered any documentation
        required to be delivered by it pursuant to the terms of the Credit Agreement, (F) it has reviewed the DQ List, and (G) is not a Disqualified Institution; and (ii) agrees that (A) it will, independently and without reliance on the Administrative
        Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (B) it will perform in
        accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as an Incremental Term A-2 Lender.

     

     

    

    
      
        

    

     

    

    (g)          Each
        of the Administrative Agent and the Incremental Term A-2 Lenders hereby agrees that upon funding of the Incremental Term A-2 Loan to the Canadian Borrower, the requirements set forth in Section 2.16 of the Credit Agreement with respect to the
        designation of the Canadian Borrower as a “Borrower” under the Credit Agreement shall be deemed satisfied.  Each of the Administrative Agent and the Incremental Term A-2 Lenders hereby further agrees that upon consummation of the Amalgamation and
        at all times thereafter, Alpha Technologies shall be successor to the Merger Sub as the “Canadian Borrower” under the Credit Agreement.

     

    (h)          Each
        of the Administrative Agent, the Company, the Canadian Borrower, and each Guarantor agrees that, as of the date hereof, each Incremental Term A-2 Lender shall (i) be a party to the Credit Agreement and the other Loan Documents, (ii) be an
        “Incremental Term Lender” for all purposes of the Credit Agreement and the other Loan Documents and (iii) have the rights and obligations of an Incremental Term Lender under the Credit Agreement and the other Loan Documents.

     

    (i)          (i) Each Incremental Term
        A-2 Lender (x) represents and warrants, as of the date hereof, to, and (y) covenants, from the date hereof to the date such Person ceases being a Lender party to the Credit Agreement, for the benefit of the Administrative Agent, and not, for the
        avoidance of doubt, to or for the benefit of any Borrower or any other Credit Party, that at least one of the following is and will be true:

     

    (A)          such
        Incremental Term A-2 Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Incremental Term A-2 Lender’s entrance into, participation in, administration of
        and performance of the Incremental Term A-2 Loan, the Incremental Term A-2 Loan Commitments, this Agreement or any other Loan Document,

     

    (B)          the
        transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving
        insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or
        PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Incremental Term A-2 Lender’s entrance into, participation in, administration of and performance of the Incremental
        Term A-2 Loan, the Incremental Term A-2 Loan Commitments, this Agreement and the Credit Agreement,

     

     

    

    
      
        

    

     

    

    (C)          (1)
        such Incremental Term A-2 Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (2) such Qualified Professional Asset Manager made the investment decision on behalf of such
        Incremental Term A-2 Lender to enter into, participate in, administer and perform the Incremental Term A-2 Loan, the Incremental Term A-2 Loan Commitments, this Agreement and the Credit Agreement, (3) the entrance into, participation in,
        administration of and performance of the Incremental Term A-2 Loan, the Incremental Term A-2 Loan Commitments, this Agreement and the Credit Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (4) to the
        best knowledge of such Incremental Term A-2 Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Incremental Term A-2 Lender’s entrance into, participation in, administration of and performance of the
        Incremental Term A-2 Loan, the Incremental Term A-2 Loan Commitments, this Agreement and the Credit Agreement, or

     

    (D)          such
        other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Incremental Term A-2 Lender.

     

    (ii)          In
        addition, unless either (A) clause (h)(i)(A) above is true with respect to an Incremental Term A-2 Lender, or (B) such Incremental Term A-2 Lender has
        provided another representation, warranty and covenant in accordance with clause (h)(i)(D) above, such Incremental Term A-2 Lender further (x) represents
        and warrants, as of the date hereof, to, and (y) covenants, from the date hereof to the date such Person ceases being a Lender party to the Credit Agreement, for the benefit of the Administrative Agent, and not, for the avoidance of doubt, to or
        for the benefit of any Borrower or any other Credit Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Incremental Term A-2 Lender involved in such Incremental Term A-2 Lender’s entrance into, participation
        in, administration of and performance of the Incremental Term A-2 Loan, the Incremental Term A-2 Loan Commitments, this Agreement and the Credit Agreement (including in connection with the reservation or exercise of any rights by the Administrative
        Agent under the Credit Agreement, any other Loan Document or any documents related hereto or thereto).

     

    4.          Amendments to Credit Agreement.

     

    (a)          The
        following definitions in Section 1.01 of the Credit Agreement are hereby amended and restated to read as follows:

     

    “Administrative Agent”
          means Bank of America (or any of its designated branch offices or affiliates, including Bank of America acting through its Canada branch for the Incremental Term A-2 Loan) in its capacity as administrative agent under any of the Loan Documents,
          or any successor administrative agent.

     

    “Applicable Time”
          means (a) with respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the L/C Issuer, as the case may be, to
          be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment, and (b) with respect to any borrowings and payments in Canadian Dollars, the local time in the place of settlement for
          Canadian Dollars as may be determined by the Administrative Agent to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

     

     

    

    
      
        

    

     

    

    “Business Day” means

        any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office with respect to Obligations denominated in Dollars
        is located and:

     

    (a)          if
        such day relates to any interest rate settings as to a Eurocurrency Rate Loan denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect of any such Eurocurrency Rate Loan, or any other dealings in Dollars
        to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means any such day on which dealings in deposits in Dollars are conducted by and between banks in the London interbank eurodollar market;

     

    (b)          if
        such day relates to any interest rate settings as to a Eurocurrency Rate Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such Eurocurrency Rate Loan, or any other dealings in Euro to be
        carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means a TARGET Day;

     

    (c)          if
        such day relates to any interest rate settings as to a Eurocurrency Rate Loan denominated in a currency other than Dollars or Euro, means any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the
        London or other applicable offshore interbank market for such currency;

     

    (d)          if
        such day relates to any fundings, disbursements, settlements and payments in a currency other than Dollars or Euro in respect of a Eurocurrency Rate Loan denominated in a currency other than Dollars or Euro, or any other dealings in any currency
        other than Dollars or Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan (other than any interest rate settings), means any such day on which banks are open for foreign exchange business in the principal
        financial center of the country of such currency; and

     

    (e)          if
        such day relates to any fundings, disbursements, settlements and payments in Canadian Dollars in respect of a Loan denominated in Canadian Dollars, or any other dealings in Canadian Dollars to be carried out pursuant to this Agreement in respect of
        any such Loan, means any such day on which banks are open for foreign exchange business in Toronto, Ontario.

     

    “Debtor Relief Laws”
          means the Bankruptcy Code of the United States, the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada), the Winding-Up and Restructuring Act (Canada), and all other liquidation, conservatorship, bankruptcy,
          assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the
          rights of creditors generally.

     

     

    

    
      
        

    

     

    

     

    

    “Default Rate”
          means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the
        Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum; provided, however, that (A) with respect to a Eurocurrency Rate Loan, the Default Rate shall be an interest rate equal to the
        interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted by
        applicable Laws, and (B) with respect to a Canadian Prime Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted by applicable Laws; and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum.

     

    “Dollar Equivalent”
          means, at any time, (a) with respect to any amount denominated in Dollars, such amount, (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or
          the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency, and (c) with respect to any amount denominated
          in Canadian Dollars, the equivalent amount thereof in Dollars as determined by the Administrative Agent at such time for the purchase of Dollars with Canadian Dollars.

     

    “Eurocurrency Base Rate”
        means:

     

    (a)          for
        any Interest Period with respect to a Eurocurrency Rate Loan:

     

    (i)          in
        the case of a Eurocurrency Rate Loan denominated in a LIBOR Quoted Currency, the rate per annum equal to the London Interbank Offered Rate (“LIBOR”) or, if
        not available, a comparable or successor rate, which rate is approved by the Administrative Agent, as published by Bloomberg (or such other commercially available source providing such quotations as may be designated by the Administrative Agent
        from time to time) (in such case, the “LIBOR Rate”) at or about 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period,
        for deposits in the relevant currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period;

     

    (ii)          in
        the case of a Eurocurrency Rate Loan denominated in Canadian Dollars, the rate per annum equal to the Canadian Dollar Offered Rate, or a comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable
        Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) (in such case, the “CDOR Rate”) at or about 10:00a.m. (Toronto, Ontario time) on the first day of such Interest Period (or if such day is not a Business Day, then on the immediately preceding Business Day) with a term equivalent to such
        Interest Period;

     

     

    

    
      
        

    

     

    

    (iii)          in
        the case of a Eurocurrency Rate Loan denominated in any other Non-LIBOR Quoted Currency (other than Canadian Dollars), the rate designated and disclosed to the Company in writing with respect to such Alternative Currency at the time such
        Alternative Currency is approved by the Administrative Agent and the Lenders pursuant to Section 1.06; and

     

    (b)          for
        any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the LIBOR Rate, at about 11:00 a.m., London time determined two Business Days prior to such date for Dollar deposits for a term of one month
        commencing that day;

     

    provided that to the extent a
        comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice and disclosed to the Company prior to such application; provided, further that to the extent such market practice is not
        administratively feasible for the Administrative Agent, such approved rate shall be applied as otherwise reasonably determined by the Administrative Agent and disclosed to the Company prior to such application; provided, further, the Eurocurrency Base Rate shall in no event be less than zero at any
        time.

     

    “Eurocurrency Rate Loan”
        means a Loan that bears interest at a rate based on the “Eurocurrency Rate”.  Eurocurrency Rate Loans may be denominated in Dollars, Canadian Dollars (to the extent such Eurocurrency Rate Loan is a portion of the Incremental Term A-2 Loan) or in an
        Alternative Currency.  All Loans denominated in Alternative Currencies must be Eurocurrency Rate Loans.

     

    “Interest Payment Date”
        means, (a) as to any Loan other than a Base Rate Loan or a Canadian Prime Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date; provided,
        however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three months, the respective dates that fall every three months after the beginning
        of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan (including a Swing Line Loan) or any Canadian Prime Rate Loan, the last Business Day of each March, June, September and December, and the Maturity Date.

     

    “Loan Notice” means
        a notice of (a) a Borrowing of Loans, (b) a conversion of Loans from one Type to another Type, or (c) a continuation of Eurocurrency Rate Loans, in each case pursuant to Section 2.02(a), which shall be substantially in the form of Exhibit A-1 or such other form as may be approved by the Administrative
        Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent) appropriately completed and signed by an Authorized Officer of the applicable Borrower.

     

    “Overnight Rate”
        means, for any day, (a) with respect to any amount denominated in Dollars, the greater of (i) the Federal Funds Effective Rate and (ii) an overnight rate determined by the Administrative Agent, the L/C Issuer, or the Swing Line Lender, as the case
        may be, in accordance with banking industry rules on interbank compensation, (b) with respect to any amount denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative Currency,
        in an amount approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by a branch or Affiliate of Bank of America in the applicable offshore interbank market for such currency to major
        banks in such interbank market, and (c) with respect to any amount denominated in Canadian Dollars, the rate of interest per annum at which overnight deposits in Canadian Dollars, in an amount approximately equal to the amount with respect to which
        such rate is being determined, would be offered for such day by a branch or Affiliate of Bank of America in the applicable interbank market for Canadian Dollars to major banks in such interbank market.

     

     

    

    
      
        

    

     

    

    “Same Day Funds”
        means (a) with respect to disbursements and payments in Dollars, immediately available funds, (b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be reasonably determined by the Administrative
        Agent or the L/C Issuer, as the case may be, to be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant Alternative Currency, and (c) with respect to disbursements and payments
        in Canadian Dollars, same day or other funds as may be reasonably determined by the Administrative Agent to be customary in the place of disbursement or payment for the settlement of international banking transactions in Canadian Dollars.

     

    “Type”
        means, with respect to a Loan, its character as a Base Rate Loan, a Canadian Prime Rate Loan or a Eurocurrency Rate Loan.

     

    (b)          Section

        1.01 of the Credit Agreement is hereby amended to add the following definitions in the appropriate alphabetical order:

     

    “Canadian AML Acts”
        means applicable Canadian law regarding anti-money laundering, anti-terrorist financing, government sanction and “know your client” matters, including the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada).

     

    “Canadian Borrower”
        has the meaning specified in the Incremental Term Loan and Increase Agreement.

     

    “Canadian Defined
            Benefit Pension Plan” means a Foreign Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

     

    “Canadian Dollar”
          or “C$” means the lawful currency of Canada.

     

    “Canadian Prime Rate”
        means, for any day, a fluctuating rate of interest per annum equal to the greater of (a) the per annum rate of interest quoted or established as the “prime rate” of the Administrative Agent which it quotes or establishes for such day as its
        reference rate of interest in order to determine interest rates for commercial loans in Canadian Dollars in Canada to its Canadian borrowers; and (b) the average CDOR Rate for a 30-day term plus 1⁄2 of 1% per annum, adjusted automatically with each quoted or established change in such rate, all without the necessity of any notice to any Borrower or any other Person.  Such prime rate is based on
        various factors including cost and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate.  Any change in the prime rate
        shall take effect at the opening of business on the day specified in the public announcement of such change.  Notwithstanding anything to the contrary contained herein, if the Canadian Prime Rate shall be less than zero, such rate shall be deemed
        zero for purposes of this Agreement.

     

     

    

    
      
        

    

     

    

    “Canadian Prime Rate
            Loan” means any portion of the Incremental Term A-2 Loan that bears interest based on the Canadian Prime Rate.  All Canadian Prime Rate Loans shall only be available to the Canadian Borrower and shall be denominated in Canadian
        Dollars.

     

    “CDOR Rate”
        has the meaning specified in the definition of “Eurocurrency Base Rate”.

     

    “Incremental Term A-2
            Loan” means the Incremental Term Loan identified as the “Incremental Term A-2 Loan” and established pursuant to Section 2.18(c) and the
        Incremental Term Loan and Increase Agreement.

     

    “Incremental Term Loan
            and Increase Agreement” means that certain Incremental Term Loan Lender Joinder Agreement, Increase Agreement and First Amendment to Credit Agreement, dated as of December 7, 2018 by and among the Lenders party thereto, the Credit
        Parties party thereto, and the Administrative Agent.

     

    (c)          The
        last sentence of Section 2.01(d) of the Credit Agreement is hereby amended to read as follows:

     

    Each Incremental Term Loan may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein; provided, that, the Incremental Term A-2 Loan may be comprised of
        Canadian Prime Rate Loans and/or Eurocurrency Rate Loans in Canadian Dollars, but not Base Rate Loans.

     

    (d)          Section

        2.02(a) of the Credit Agreement shall be amended to read as follows:

     

    (a)          Each
        Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or
        (B) a Loan Notice; provided that any telephonic notice must be
        confirmed promptly by delivery to the Administrative Agent of a Loan Notice.  Each such notice must be received by the Administrative Agent not later than (i) 11:00 a.m. on the requested date of any Borrowings of Base Rate Loans or Canadian Prime
        Rate Loans, (ii) 1:00 p.m. three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurocurrency Rate Loans denominated in Dollars, of any conversion of Eurocurrency Rate Loans denominated in Dollars to
        Base Rate Loans or of any conversion of Eurocurrency Rate Loans denominated in Canadian Dollars to Canadian Prime Rate Loans, and (iii) 11:00 a.m. four Business Days prior to the requested date of any Borrowing or continuation of Eurocurrency Rate
        Loans denominated in any Alternative Currency or Canadian Dollars (or five Business Days in the case of a Special Notice Currency); provided, however, that if such Borrower wishes to request Eurocurrency Rate Loans having an Interest Period other than one week or one, two, three or six months in
        duration as provided in the definition of “Interest Period,” the applicable notice must be received by the Administrative Agent not later than (i) 1:00 p.m. four Business Days prior to the requested date of such Borrowing, conversion or
        continuation of Eurocurrency Rate Loans denominated in Dollars, or (ii) 11:00 a.m. five Business Days prior to the requested date of such Borrowing, conversion or continuation of Eurocurrency Rate Loans denominated in any Alternative Currency or
        Canadian Dollars, whereupon the Administrative Agent shall give prompt notice to the applicable Lenders of such request and determine whether the requested Interest Period is acceptable to all of them.  In the case of a request pursuant to the
        proviso in the preceding sentence, not later than (i) 1:00 p.m. three Business Days before the requested date of such Borrowing, conversion or continuation of Eurocurrency Rate Loans denominated in Dollars, or (ii) 11:00 a.m. four Business Days
        prior to the requested date of such Borrowing, conversion or continuation of Eurocurrency Rate Loans denominated in any Alternative Currency or Canadian Dollars, the Administrative Agent shall notify such Borrower (which notice may be by telephone)
        whether or not the requested Interest Period has been consented to by all the applicable Lenders.  Each Borrowing of, conversion to or continuation of Eurocurrency Rate Loans shall be in a principal amount of $5,000,000 (or C$5,000,000, in the case
        of any Eurocurrency Rate Loans denominated in Canadian Dollars) or a whole multiple of $1,000,000 in excess thereof (or C$1,000,000, in the case of any Eurocurrency Rate Loans denominated in Canadian Dollars).  Each Borrowing of or conversion to
        Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.  Each Borrowing of or conversion to Canadian Prime Rate Loans shall be in a principal amount of C$500,000 or a whole multiple of C$100,000
        in excess thereof.   Each Loan Notice shall specify (i) whether such Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing,
        conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, (v) if
        applicable, the duration of the Interest Period with respect thereto, (vi) the currency of the Loans to be borrowed and (vii) whether the Loans to be borrowed are Revolving A Loans, Revolving B Loans or an Incremental Term Loan.  If the applicable
        Borrower fails to specify a Type of Loan in a Loan Notice or if such Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans (or, in the case of
        the Incremental Term A-2 Loan, Canadian Prime Rate Loans); provided, however,
        that in the case of a failure to timely request a continuation of Eurocurrency Rate Loans denominated in an Alternative Currency or Canadian Dollars, such Loans shall be continued as Eurocurrency Rate Loans in such Alternative Currency or Canadian
        Dollars, as applicable, with an Interest Period of one month.  Any automatic conversion to Base Rate Loans or Canadian Prime Rate Loans, as applicable, shall be effective as of the last day of the Interest Period then in effect with respect to the
        applicable Eurocurrency Rate Loans.  If the applicable Borrower requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified
        an Interest Period of one month.  No Loan may be converted into or continued as a Loan denominated in a different currency.

     

     

    

    
      
        

    

     

    

    (e)          Section

        2.02(b) of the Credit Agreement shall be amended to read as follows:

     

    (b)          Following

        receipt of a Loan Notice, the Administrative Agent shall promptly notify each applicable Lender of the amount (and currency) of its Applicable Percentage of the applicable Loans, and if no timely notice of a conversion or continuation is provided
        by the applicable Borrower, the Administrative Agent shall notify each applicable Lender of the details of any automatic conversion to Base Rate Loans or Canadian Prime Rate Loans, as applicable, or continuation of Eurocurrency Rate Loans
        denominated in an Alternative Currency or Canadian Dollars, as applicable, in each case as described in the preceding subsection.  In the case of a Borrowing, each applicable Lender shall make the amount of its Loan available to the Administrative
        Agent in Same Day Funds at the Administrative Agent’s Office for the applicable currency not later than (i) 1:00 p.m., in the case of any Loan denominated in Dollars, (ii) 1:00 p.m., in the case of any Canadian Prime Rate Loans, or (iii) the
        Applicable Time specified by the Administrative Agent in the case of any Eurocurrency Rate Loan denominated in an Alternative Currency or in Canadian Dollars, in each case on the Business Day specified in the applicable Loan Notice.  Upon
        satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the applicable Borrower in like funds as received by the Administrative Agent either by (i)
        crediting the account of such Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative
        Agent by such Borrower; provided, however, that if, on the date
        of a Borrowing of Revolving A Loans, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in
        full of any such L/C Borrowings and second, shall be made available to such Borrower as provided above.  Each Lender, at its option, may make any
        Eurocurrency Rate Loans by causing any domestic or, if such Loan is denominated in an Alternative Currency or Canadian Dollars, foreign branch or Affiliate of such Lender to make such Eurocurrency Rate Loan (and in the case of an Affiliate, the
        provisions of Sections 3.01, 3.02, 3.03, 3.04 and 3.05 shall apply to such Affiliate to the same extent as they apply to such Lender).

     

     

    

    
      
        

    

     

    

    (f)          Section

        2.02(d) of the Credit Agreement shall be amended to read as follows:

     

    (d)          The
        Administrative Agent shall promptly notify the applicable Borrower and the applicable Lenders of the interest rate applicable to any Interest Period for Eurocurrency Rate Loans upon determination of such interest rate.  At any time that Base Rate
        Loans or Canadian Prime Rate Loans are outstanding, the Administrative Agent shall notify the Company and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate or Canadian Prime Rate, as applicable, promptly
        following the public announcement of such change.

     

    (g)          The
        first sentence of Section 2.05(a)(i) of the Credit Agreement is hereby amended to read as follows:

     

    Any Borrower may, upon notice from such Borrower to the Administrative Agent, at any time or from time to time voluntarily
        prepay Revolving Loans or Term Loans in whole or in part without premium or penalty; provided, in each case, that (v) such notice must be in a form
        acceptable to the Administrative Agent and be received by the Administrative Agent not later than (A) 1:00 p.m. three Business Days prior to any date of prepayment of Eurocurrency Rate Loans denominated in Dollars, (B) 11:00 a.m. four Business Days
        prior to any date of prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies or Canadian Dollars, (C) 11:00 a.m. on the date of prepayment of Base Rate Loans, and (D) 11:00 a.m. on the date of prepayment of Canadian Prime Rate
        Loans; (w) any prepayment of Eurocurrency Rate Loans shall be in a principal amount of $5,000,000 (or C$5,000,000, in the case of Eurocurrency Rate Loans denominated in Canadian Dollars) or a whole multiple of $1,000,000 in excess thereof (or
        C$1,000,000, in the case of Eurocurrency Rate Loans denominated in Canadian Dollars) or, if less, the entire principal amount thereof then outstanding; (x) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole
        multiple of $100,000 in excess thereof or, if less, the entire principal amount thereof then outstanding; (y) any prepayment of Canadian Prime Rate Loans shall be in a principal amount of C$500,000 or a whole multiple of C$100,000 in excess thereof
        or, if less, the entire principal amount thereof then outstanding; and (z) any prepayment of the Term Loans shall be applied ratably to the Term Loans to the remaining principal amortization payments thereof as directed by such Borrower.

     

     

    

    
      
        

    

     

    

    (h)          The
        reference to “first to Base Rate Loans and then to Eurocurrency Rate Loans” in Section 2.05(b)(iv) of the Credit Agreement is amended to read “first ratably to Base Rate Loans and Canadian Prime Rate Loans and then to Eurocurrency Rate Loans”.

     

    (i)          Section

        2.08(a) of the Credit Agreement is hereby amended as follows:

     

    (a)          Subject

        to the provisions of subsection (b) below, (i) each Eurocurrency Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest
        Period at a rate per annum equal to the Eurocurrency Rate for such Interest Period plus the Applicable Rate; (ii) each Base Rate Loan shall bear interest on
        the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate; (iii) each
        Canadian Prime Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Canadian Prime Rate plus the Applicable Rate; and (iv) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the sum of the Base Rate plus the Applicable Rate.

     

    (j)          Section

        2.08 of the Credit Agreement is hereby amended to add a new clause (d) immediately following clause (c) to read as follows:

     

    (d)          For
        the purposes of the Interest Act (Canada), (i) whenever a rate of interest or fee rate hereunder is calculated on the basis of a year (the “deemed year”) that contains fewer days than the actual number of days in the calendar year of calculation,
        such rate of interest or fee rate shall be expressed as a yearly rate by multiplying such rate of interest or fee rate by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year, (ii)
        the principle of deemed reinvestment of interest shall not apply to any interest calculation hereunder and (iii) the rates of interest stipulated herein are intended to be nominal rates and not effective rates or yields.  Each Credit Party hereby
        irrevocably agrees not to plead or assert, whether by way of defense or otherwise, in any proceeding relating to this Agreement and the other Loan Documents, that the interest payable under this Agreement and the calculation thereof has not been
        adequately disclosed to it, whether pursuant to section 4 of the Interest Act (Canada) or any other applicable law or legal principle.

     

    (k)          The
        first sentence of Section 2.10(a) of the Credit Agreement is hereby amended to read as follows:

     

    All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurocurrency
        Rate) and Loans denominated in Canadian Dollars shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.

     

    (l)          Each
        reference to “Dollars” in Section 2.12(a) of the Credit Agreement is hereby amended to read “Dollars or Canadian Dollars, as applicable”.

     

    (m)          Each
        of the first two references to “Base Rate Loans” in Section 2.12(b)(i) of the Credit Agreement is hereby amended to read “Base Rate Loans or Canadian Prime Rate Loans”.

     

     

    

    
      
        

    

     

    

    (n)          Section

        2.12(b)(i)(B) of the Credit Agreement is hereby amended to read as follows:

     

    (B) in the case of a payment to be made by such Borrower, the interest rate applicable to (x) Base Rate Loans, in the case
        of Loans denominated in Dollars, (y) Canadian Prime Rate Loans, in the case of Loans denominated in Canadian Dollars, or (z) in the case of Loans denominated in Alternative Currencies, in accordance with such market practice, in each case, as
        applicable.

     

    (o)          The
        first paragraph of Section 3.02 of the Credit Agreement is hereby amended to read as follows:

     

    If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is
        unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to the Eurocurrency Base Rate (whether denominated in Dollars, Canadian Dollars or Alternative Currencies) or the
        CDOR Rate, or to determine or charge interest rates based upon the Eurocurrency Base Rate or the CDOR Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of,
        Dollars, Canadian Dollars or any Alternative Currency in the applicable interbank market, then, on notice thereof by such Lender to the Company through the Administrative Agent, (i) any obligation of such Lender to make or continue Eurocurrency
        Rate Loans in the affected currency or currencies or, in the case of Eurocurrency Rate Loans in Dollars, to convert Base Rate Loans to Eurocurrency Rate Loans or, if such notice relates to the unlawfulness or asserted unlawfulness of charging
        interest based on the Eurocurrency Base Rate, to make Base Rate Loans as to which the interest rate is determined with reference to the Eurocurrency Base Rate, in each case, shall be suspended, or (ii) any obligation of such Lender, in the case of
        Eurocurrency Rate Loans in Canadian Dollars, to convert Canadian Prime Rate Loans to Eurocurrency Rate Loans or, if such notice relates to the unlawfulness or asserted unlawfulness of charging interest based on the CDOR Rate, to make Canadian Prime
        Rate Loans as to which the interest rate is determined with reference to the CDOR Rate, in each case, shall be suspended, in each case until such Lender notifies the Administrative Agent and the Company that the circumstances giving rise to such
        determination no longer exist.  Upon receipt of such notice, the Borrowers shall, upon demand from such Lender (with a copy to the Administrative Agent), either prepay such Loans or (A) if applicable and such Loans are denominated in Dollars,
        convert all such Eurocurrency Rate Loans of such Lender and Base Rate Loans as to which the interest rate is determined with reference to the Eurocurrency Base Rate to Base Rate Loans as to which the rate of interest is not determined with
        reference to the Eurocurrency Base Rate or (B) if applicable and such Loans are denominated in Canadian Dollars, convert all such Eurocurrency Rate Loans of such Lender to Canadian Prime Rate Loans, in each case either on the last day of the
        Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans or such Base Rate Loans as to
        which the interest rate is determined with reference to the Eurocurrency Base Rate.  Notwithstanding the foregoing and despite the illegality for such a Lender to make, maintain or fund Eurocurrency Rate Loans or Base Rate Loans as to which the
        interest rate is determined with reference to the Eurocurrency Base Rate, that Lender shall remain committed to make and maintain Base Rate Loans as to which the rate of interest is not determined with reference to the Eurocurrency Base Rate and
        shall be entitled to recover interest at such Base Rate.  Upon any such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted.

     

     

    

    
      
        

    

     

    

    (p)          Section

        3.03(a) of the Credit Agreement is hereby amended to read as follows:

     

    (a)          If in
        connection with any request for a Eurocurrency Rate Loan or a conversion to or continuation thereof, (i) the Administrative Agent determines that (A) deposits (whether in Dollars, Canadian Dollars or an Alternative Currency) are not being offered
        to banks in the applicable interbank market for such currency for the applicable amount and Interest Period of such Eurocurrency Rate Loan, or (B) adequate and reasonable means do not exist for determining the Eurocurrency Base Rate for any
        requested Interest Period with respect to a proposed Eurocurrency Rate Loan (whether denominated in Dollars, Canadian Dollars or an Alternative Currency) or the CDOR Rate with respect to a proposed Canadian Prime Rate Loan, or in connection with an
        existing or proposed Base Rate Loan or Canadian Prime Rate Loan (in each case with respect to clause (i), “Impacted Loans”), or (ii) the Administrative Agent or the Required Lenders determine that for any reason the Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate
        Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Company and each Lender.  Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency
        Rate Loans in the affected currency or currencies shall be suspended (to the extent of the affected Eurocurrency Rate Loans or Interest Periods), (y) in the event of a determination described in the preceding sentence with respect to the
        Eurocurrency Base Rate component of the Base Rate, the utilization of the Eurocurrency Base Rate component in determining the Base Rate shall be suspended and (z) in the event of a determination described in the preceding sentence with respect to
        the CDOR Rate component of the Canadian Prime Rate, the utilization of the CDOR Rate component in determining the Canadian Prime Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of the Required Lenders)
        revokes such notice (and during such period, (I) Base Rate Loans shall be made and continued based on the interest rate determined by the greater of clauses (a)
        and (b) in the definition of Base Rate, and (II) Canadian Prime Rate Loans shall be made and continued based on the interest rate determined by reference to
        clause (a) in the definition of Canadian Prime Rate).  Upon receipt of such notice, the Company may revoke any pending request for a Borrowing of, conversion
        to or continuation of Eurocurrency Rate Loans in the affected currency or currencies or, failing that, will be deemed to have converted such request into a request for a Borrowing of (or conversion to) Base Rate Loans in Dollars in the amount
        specified therein or Canadian Prime Rate Loans in Canadian Dollars in the amount specified therein, as applicable.

     

    (q)          Section

        3.05(a) of the Credit Agreement is hereby amended to read as follows:

     

    (a)          any
        continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan or a Canadian Prime Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of
        acceleration, or otherwise);

     

    (r)          Section

        3.05(b) of the Credit Agreement is hereby amended to read as follows:

     

    (b)          any
        failure by any Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan or a Canadian Prime Rate Loan on the date or in the amount notified by the
        applicable Borrower;

     

     

    

    
      
        

    

     

    

    (s)          Section

        3.05(c) of the Credit Agreement is hereby amended to read as follows:

     

    (c)          any
        failure by any Borrower to make payment of any Eurocurrency Rate Loan (or interest due thereon) denominated in an Alternative Currency or Canadian Dollars on its scheduled due date or any payment thereof in a different currency; or

     

    (t)          Section

        5.11 of the Credit Agreement is hereby amended to add a new clause (d) immediately following clause (c) to read as follows:

     

    (d)          No
        Credit Party maintains, contributes to, or has any liability or contingent liability with respect to, a Canadian Defined Benefit Pension Plan.

     

    (u)          A new
        Section 7.14 is hereby added to the Credit Agreement to read as follows:

     

    Section 7.14          Canadian Defined Benefit Pension Plan.  No Credit Party shall maintain, contribute to, or incur any liability or
        contingent liability in respect of a Canadian Defined Benefit Pension Plan.

     

    (v)          Section

        8.01(g) of the Credit Agreement is hereby amended to read as follows:

     

    (g)          the
        Company or any of its Material Subsidiaries shall commence a voluntary case concerning itself under Title 11 of the United States Code entitled “Bankruptcy,” as now or hereafter in effect, or any successor thereto (the “Bankruptcy Code”) or under any other Debtor Relief Law; or an involuntary case is commenced against the Company or any of its Material Subsidiaries and the petition is not
        controverted within 20 days, or is not dismissed within 90 days, after commencement of the case; or a custodian (as defined in the Bankruptcy Code), trustee, receiver or receiver-manager is appointed for, or takes charge of, all or substantially
        all of the property of the Company or any of its Material Subsidiaries; or the Company or any of its Material Subsidiaries commences any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution,
        insolvency or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating to the Company or any of its Material Subsidiaries; or the Company or any of its Material Subsidiaries makes a proposal to its creditors or
        files notice of its intention to do so, institutes any other proceeding under applicable Law seeking to adjudicate it a bankrupt or an insolvent, or seeking liquidation, dissolution, winding-up, reorganization, compromise, arrangement, adjustment,
        protection, moratorium, relief, stay of proceedings of creditors, composition of it or its debts or any other similar relief; or there is commenced against the Company or any of its Material Subsidiaries any such proceeding which remains
        undismissed for a period of 90 days; or the Company or any of its Material Subsidiaries is adjudicated insolvent or bankrupt; or any order of relief or other order approving any such case or proceeding is entered; or the Company or any of its
        Material Subsidiaries suffers any appointment of any custodian, trustee, receiver or receiver-manager or the like for it or any substantial part of its property to continue undischarged or unstayed for a period of 90 days; or the Company or any of
        its Material Subsidiaries makes a general assignment for the benefit of creditors; or any corporate action is taken by the Company or any of its Material Subsidiaries for the purpose of effecting any of the foregoing.

     

     

    

     

    

    
      
        

    

     

    

    (w)          Section

        10.18 of the Credit Agreement is hereby amended to read as follows:

     

    Section 10.18          USA PATRIOT Act and Canadian AML Acts.  Each Lender that is subject to the Act (as hereinafter defined) or any
        Canadian AML Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107 56 (signed into law October 26, 2001)) (the
        “Act”) and the Canadian AML Acts, it is required to obtain, verify and record information that identifies the Credit Parties, which information includes the
        name and address of each Credit Party, information concerning its direct and indirect holders of Equity Interests and other Persons exercising Control over it, and other information that will allow such Lender or the Administrative Agent, as
        applicable, to identify such Credit Party in accordance with the Act and the Canadian AML Acts.  Each Borrower shall (and the Company shall cause each Credit Party to), promptly following a request by the Administrative Agent or any Lender, provide
        all documentation and other information that the Administrative Agent or such Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti money laundering rules and regulations,
        including the Act and the Canadian AML Acts.

     

    5.          Revolver A Increase; Revolver B Increase.

     

    (a)          The
        Increasing Revolver A Lenders hereby agree that from and after the date hereof, the Increasing Revolver A Lenders shall have Revolving A Commitments under the Credit Agreement in the respective amounts set forth on Schedule 2.01 attached hereto.  The Company acknowledges and agrees that, upon the effectiveness of this Agreement, the “Aggregate Revolving A Commitments” under the Credit Agreement as
        of the date hereof equals SIX HUNDRED FORTY THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($643,500,000.00).

     

    (b)          The
        Increasing Revolver B Lenders hereby agree that from and after the date hereof, the Increasing Revolver B Lenders shall have Revolving B Commitments under the Credit Agreement in the respective amounts set forth on Schedule 2.01 attached hereto.  The Company acknowledges and agrees that, upon the effectiveness of this Agreement, the “Aggregate Revolving B Commitments” under the Credit Agreement as
        of the date hereof equals FIFTY SIX MILLION FIVE HUNDRED THOUSAND DOLLARS ($56,500,000.00).

     

    (c)          In
        connection with the Revolver A Increase and the Revolver B Increase, the Credit Agreement is hereby amended as follows:

     

    (i)          The
        definition of “Aggregate Revolving A Commitments” set forth in Section 1.01 of the Credit Agreement is hereby amended to read as follows:

     

    “Aggregate Revolving A
            Commitments” means the aggregate Revolving A Commitments of all the Revolving A Lenders.  The aggregate principal amount of the Aggregate Revolving A Commitments in effect on the 2018 Revolver Increase Effective Date is SIX HUNDRED
        FORTY THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($643,500,000.00).

     

    (ii)          The
        definition of “Aggregate Revolving B Commitments” set forth in Section 1.01 of the Credit Agreement is hereby amended to read as follows:

     

     

    

     

    

    
      
        

    

     

    

    “Aggregate Revolving B
            Commitments” means the aggregate Revolving B Commitments of all the Revolving B Lenders.  The aggregate principal amount of the Aggregate Revolving B Commitments in effect on the 2018 Revolver Increase Effective Date is FIFTY SIX
        MILLION FIVE HUNDRED THOUSAND DOLLARS ($56,500,000.00).

     

    (iii)          The
        following defined term is hereby added to Section 1.01 of the Credit Agreement in the appropriate alphabetical order:

     

    “2018 Revolver
            Increase Effective Date” means December 7, 2018.

     

    (iv)          The
        existing Schedule 2.01 to the Credit Agreement shall be deemed amended to include the information set forth on Schedule 2.01 attached hereto.

     

    6.          Notices.  The address of each Incremental Lender for purposes of all notices and other communications is as set forth on the Administrative Questionnaire delivered by such
        Incremental Lender to the Administrative Agent.

     

    7.          Conditions Precedent to Effectiveness.  This Agreement shall be effective on the date hereof upon the satisfaction of all of the conditions set forth below:

     

    (a)          the
        Administrative Agent shall have received copies of this Agreement duly executed by the Company, the Merger Sub, the Guarantors and the Incremental Lenders;

     

    (b)          the
        conditions to increasing the Aggregate Revolving A Commitments set forth in Section 2.18(a)(v) of the Credit Agreement shall have been satisfied;

     

    (c)          the
        conditions to increasing the Aggregate Revolving B Commitments set forth in Section 2.18(b)(v) of the Credit Agreement shall have been satisfied;

     

    (d)          the
        conditions to the making of the Incremental Term A-1 Loan and the Incremental Term A-2 Loan set forth in Section 2.18(c)(x) of the Credit Agreement shall have been satisfied;

     

    (e)          the
        Canadian Borrower shall have been added as a Borrower under the Credit Agreement in accordance with Section 2.16 of the Credit Agreement, solely with respect to the Incremental Term A-2 Loan;

     

    (f)          the
        Administrative Agent shall have received favorable opinions of legal counsel to the Credit Parties, addressed to the Administrative Agent and each Lender, dated as of the date hereof;

     

    (g)          the
        Administrative Agent shall have received a certificate from an Authorized Officer of the Company certifying that the Alpha Acquisition shall have been consummated substantially concurrently with the advance of the Incremental Term A-1 Loan and the
        Incremental Term A-2 Loan in accordance with the Acquisition Agreement;

     

    (h)          the
        Company shall have delivered to the Administrative Agent a copy of the Acquisition Agreement, certified by an Authorized Officer of the Company to be true and correct as of the date hereof;

     

     

    

    
      
        

    

     

    

    (i)          the
        Company shall have paid all fees and expenses related to the Incremental Term A-1 Loan, the Incremental Term A-2 Loan, the Revolver A Increase and the Revolver B Increase required to be paid on or before the date hereof (to the extent invoiced at
        least two (2) Business Days (or such lesser time as agreed to by the Company) prior to the date hereof);

     

    (j)          (i)
        the Credit Parties shall have provided (at least three (3) Business Days before the date hereof) to the Administrative Agent and the Incremental Lenders the documentation and other information requested by the Administrative Agent and the
        Incremental Lenders in order to comply with applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act and the Canadian AML Acts, to the extent requested in writing at least ten (10) days prior to the
        date hereof and (ii) at least 3 days prior to the date hereof, if a Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, such Borrower shall deliver, to each Incremental Lender that shall have made such request
        in writing at least 10 days prior to the date hereof, a Beneficial Ownership Certification in relation to such Borrower;

     

    (k)          the
        Company shall prepay any Revolving A Loans outstanding on the date hereof (and pay any additional amounts required pursuant to Section 3.05 of the Credit Agreement) to the extent necessary to keep the Revolving A Loans outstanding on the date
        hereof ratable with any revised Revolving A Commitments after giving effect to this Agreement; and

     

    (l)          the
        Company shall prepay any Revolving B Loans outstanding on the date hereof (and pay any additional amounts required pursuant to Section 3.05 of the Credit Agreement) to the extent necessary to keep the Revolving B Loans outstanding on the date
        hereof ratable with any revised Revolving B Commitments after giving effect to this Agreement.

     

    8.          Waivers.   The Lenders party hereto hereby waive the requirements in Section 2.18 of the Credit Agreement that the Incremental Term A-2 Loan, the Revolver A Increase, and the
        Revolver B Increase be in integral multiples of $1,000,000 and the Incremental Term A-2 Lenders hereby waive the proviso in Section 2.16(a) of the Credit Agreement prohibiting the submission of a Loan Notice by the Merger Sub until the date five
        (5) Business Days after the date hereof.  The waivers set forth in this Section 8 are one-time waivers and shall not establish a custom or course of dealing
        or conduct between the Administrative Agent, any Lender, or any Credit Party.

     

    9.          Counterparts.  This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of
        which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging means (e.g., “pdf” or “tif”) shall be effective as delivery of a
        manually executed counterpart of this Agreement.  This Agreement is a Loan Document.

     

    10.        GOVERNING LAW.  THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS
        AGREEMENT OR AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES THAT WOULD CAUSE THE APPLICATION OF LAWS OF ANY
        OTHER JURISDICTION.

     

     

    

    
      
        

    

     

    

     

    

    11.          Alpha Acquisition and Amalgamation.  The Company’s designated affiliates, the Merger Sub and EnerSys Capital Inc., undertake to consummate the Alpha Acquisition and the
        Amalgamation, as applicable, on the date hereof.  It is the intention of the parties that, upon consummation of the Amalgamation, all of the rights, obligations, duties and liabilities of the Merger Sub as the Canadian Borrower under this
        Agreement, the Credit Agreement and the other Loan Documents shall automatically become rights, obligations, duties and liabilities of Alpha Technologies as the Canadian Borrower under this Agreement, the Credit Agreement and the other Loan
        Documents as a matter of law.  All references to the “Canadian Borrower” herein and in any other Loan Document shall, upon and after the Amalgamation, be references to Alpha Technologies.  After consummating the Amalgamation, the Canadian Borrower
        agrees to deliver promptly, and in any event, within five (5) Business Days of the date hereof (or such later date as may be agreed by the Administrative Agent in its sole discretion), an acknowledgment and confirmation and such supporting
        resolutions, incumbency certificates, opinions of counsel and other documents or information, in form, content and scope reasonably satisfactory to the Administrative Agent, as may be required by the Administrative Agent in its reasonable
        discretion.  The failure to comply with this Section 11 shall result in an Event of Default.

     

    [signature pages follow]

    

    

    
      
        

    

    IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed by a duly authorized officer as of
        the date first written above.

     

      

     

    
      	
              INCREMENTAL LENDERS:

            	
              BANK OF AMERICA, N.A.,

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender,

              an Increasing Revolver A Lender, and an Increasing Revolver B Lender

            
	 	 
	 	
              By: /s/ Matthew N. Walt

            
	 	
              Name: Matthew N. Walt

            
	 	
              Title: Director

            

    

    

     

     

    

     

    

     [Signature Page to Incremental Agreement] 

     

    

     

    

    
      
        

    

     

    

    
      	 	
              BANK OF AMERICA, N.A., CANADA BRANCH,

            
	 	
              as an Incremental Term A-2 Lender

            
	 	 
	 	
              By: /s/ Medina Sales de Andrade

            
	 	
              Name: Medina Sales de Andrade

            
	 	
              Title: Vice President

            

    

     

    

     

     

    

     

    

     

    

    [Signature Page to Incremental Agreement]

    

     

    

    
      
        

    

    

    

     

    
      	 	
              WELLS FARGO BANK, NATIONAL ASSOCIATION,

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender,

              and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ Susan Youngs

            
	 	
              Name: Susan Youngs

            
	 	
              Title: Senior Vice President

            

      

      

      

    

     

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              TD BANK, N.A.,

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender,

              and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ Bernadette Collins

            
	 	
              Name: Bernadette Collins

            
	 	
              Title: Senior Vice President

            

    

    

    

    

     

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              PNC BANK, NATIONAL ASSOCIATION,

            
	 	
              as an Incremental Term A-1 Lender and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ John M. DiNapoli

            
	 	
              Name: John M. DiNapoli

            
	 	
              Title: Senior Vice President

            

      

      

      

    

     

    

     

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              PNC BANK CANADA BRANCH,

            
	 	
              as an Incremental Term A-2 Lender

            
	 	 
	 	
              By: /s/ Caroline Stade

            
	 	
              Name: Caroline Stade

            
	 	
              Title: Senior Vice President

              PNC Bank Canada Branch

            

      

      

      

      

      

    

     

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              JPMORGAN CHASE BANK, N.A.,

            
	 	
              as an Incremental Term A-1 Lender, and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/Anthony Galea

            
	 	
              Name: Anthony Galea

            
	 	
              Title: Executive Director

            
	 	 
	 	
              JPMORGAN CHASE BANK, N.A., TORONTO BRANCH,

            
	 	
              as an Incremental Term A-2 Lender

            
	 	 
	 	
              By: /s/ Michael Tam

            
	 	
              Name: Michael Tam

            
	 	
              Title: Authorized Officer

            
	 	 

      

      

      

    

    
       

        

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              BRANCH BANKING AND TRUST COMPANY,

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender, and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ J. Carlos Navarrete

            
	 	
              Name: J. Carlos Navarrete

            
	 	
              Title: Vice President

            

      

      

      

      

      

    

     

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              CITIZENS BANK OF PENNSYLVANIA,

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender, and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ Pamela Hansen

            
	 	
              Name: Pamela Hansen

            
	 	
              Title: Senior Vice President

            

      

      

      

      

      

      

      

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

    

    

    
      	 	
              HSBC BANK USA, NATIONAL ASSOCIATION,

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender, and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ Emily Barker

            
	 	
              Name: Emily Barker

            
	 	
              Title: Vice President (22403)

            

      

      

      

      

      

      

      

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              MUFG BANK, LTD. (f/k/a The Bank of Tokyo-Mitsubishi UFJ, Ltd.),

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender, and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ George Stoecklein

            
	 	
              Name: George Stoecklein

            
	 	
              Title: Managing Director

            

      

      

      

      

      

      

      

    

     

    

     

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              SANTANDER BANK, N.A.,

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender, and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ Larry Bardo

            
	 	
              Name: Larry Bardo

            
	 	
              Title: Vice President

            

      

      

      

      

      

    

     

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              U.S. BANK NATIONAL ASSOCIATION,

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender, and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ Kenneth R. Fieler

            
	 	
              Name: Kenneth R. Fieler

            
	 	
              Title: Vice President

            

      

      

      

      

      

    

     

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              FIFTH THIRD BANK,

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender, and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ Will Batchelor

            
	 	
              Name: Will Batchelor

            
	 	
              Title: Vice President

            

      

      

      

      

      

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              THE HUNTINGTON NATIONAL BANK,

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender, and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ Michael Kiss

            
	 	
              Name: Michael Kiss

            
	 	
              Title: Vice President

            

      

      

      

      

      

      

    

     

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              DZ BANK AG,

            
	 	
              as an Incremental Term A-1 Lender and an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ Oliver Hildenbrand

            
	 	
              Name: Oliver Hildenbrand

            
	 	
              Title: Deputy General Manager

            
	 	 
	 	
              By: /s/ Heiko Voss

            
	 	
              Name: Heiko Voss

            
	 	
              Title: Assistant Vice President

            

      

      

      

    

     

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

      

       

    

    
      
        

    

    

    

     

    
      	 	
              FULTON BANK, N.A.,

            
	 	
              as an Incremental Term A-1 Lender and an Increasing Revolver B Lender

            
	 	 
	 	
              By: /s/ Bruce G. Smith

            
	 	
              Name: Bruce G. Smith

            
	 	
              Title: Senior Vice President

            

      

      

      

    

     

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

    

     

    
      
        

    

    

    

     

    
      	 	
              FIRST NATIONAL BANK OF PENNSYLVANIA,

            
	 	
              as an Incremental Term A-1 Lender, an Incremental Term A-2 Lender,

              and an Increasing Revolver B Lender

            
	 	 
	 	
              By: /s/ Iqbal Singh

            
	 	
              Name: Iqbal Singh

            
	 	
              Title: Assistant Vice President

            

      

      

      

      

      

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

    

     

    
      
        

    

    

    

     

    
      	 	
              SVENSKA HANDELSBANKEN AB (publ), New York Branch,

            
	 	
              as an Increasing Revolver A Lender

            
	 	 
	 	
              By: /s/ Steve Cox

            
	 	
              Name: Steve Cox

            
	 	
              Title: Senior Vice President

            
	 	 
	 	
              By: /s/ Mark Emmett

            
	 	
              Name: Mark Emmett

            
	 	
              Title: Vice President

            

      

      

      

      

    

     

    

    
       

      

       

      

       [Signature Page to Incremental Agreement]

    

     

    
      
        

    

    

    

    
      	
              COMPANY:

            	
              ENERSYS,

            
	 	
              a Delaware corporation

            
	 	 
	 	
              By: /s/ Michael J. Schmidtlein 

                

            
	 	
              Name: Michael J. Schmidtlein

            
	 	
              Title: Executive Vice President and Chief Financial

              Officer

            
	 	 
	
              CANADIAN BORROWER:

            	
              1180899 B.C. LTD.,

            
	 	
              a British Columbia company

            
	 	 
	 	
              By: /s/ Michael J. Schmidtlein

            
	 	
              Name: Michael J. Schmidtlein

            
	 	
              Title: President and Director

            
	 	 
	
              GUARANTORS:

            	
              ENERSYS ADVANCED SYSTEMS INC.,

            
	 	
              a Delaware corporation

            
	 	 
	 	
              By: /s/ Michael J. Schmidtlein

            
	 	
              Name: Michael J. Schmidtlein

            
	 	
              Title: Vice President

            
	 	 
	 	
              ENERSYS CAPITAL INC.,

            
	 	
              a Delaware corporation

            
	 	 
	 	
              By: /s/ Michael J. Schmidtlein

            
	 	
              Name: Michael J. Schmidtlein

            
	 	
              Title: Executive Vice President and Chief Operating

              Officer

            
	 	 
	 	
              ENERSYS DELAWARE INC.,

            
	 	
              a Delaware corporation

            
	 	 
	 	
              By: /s/ Michael J. Schmidtlein

            
	 	
              Name: Michael J. Schmidtlein

            
	 	
              Title: Executive Vice President and Chief Financial

              Officer

            
	 	 
	 	
              ENERSYS ENERGY PRODUCTS INC.,

            
	 	
              a Delaware corporation

            
	 	 
	 	
              By: /s/ Michael J. Schmidtlein

            
	 	
              Name: Michael J. Schmidtlein

            
	 	
              Title: Vice President

            

    

    

    
      
         

        

         

        

         [Signature Page to Incremental Agreement]

      

    

    
      
        

    

    

    

    
      	 	
              PURCELL SYSTEMS, INC.,

            
	 	
              a Delaware corporation

            
	 	 
	 	
              By: /s/ Todd M. Sechrist

                

            
	 	
              Name: Todd M. Sechrist

            
	 	
              Title: President

            
	 	 
	 	
              ESFINCO, INC.,

            
	 	
              a Delaware corporation

            
	 	 
	 	
              By: /s/ Todd M. Sechrist
                                                   

            
	 	
              Name: Todd M. Sechrist

            
	 	
              Title: Vice President

            
	 	 
	 	
              ESRMCO, INC.,

            
	 	
              a Delaware corporation

            
	 	 
	 	
              By: /s/ Todd M. Sechrist

            
	 	
              Name: Todd M. Sechrist

            
	 	
              Title: Vice President

            
	 	 
	 	
              HAWKER POWERSOURCE, INC.,

            
	 	
              a Delaware corporation

            
	 	 
	 	
              By: /s/ Todd M. Sechrist

            
	 	
              Name: Todd M. Sechrist

            
	 	
              Title: Vice President

            

    

     

    

    
      
         

        

         [Signature Page to Incremental Agreement]

         

        

      

    

    
      
        

    

    

    

    

    

    
      	
              ADMINISTRATIVE AGENT:

            	
              BANK OF AMERICA, N.A.,

            
	 	
              as Administrative Agent

            
	 	 
	 	
              By: /s/ Ronaldo Naval

            
	 	
              Name: Ronaldo Naval

            
	 	
              Title: Vice President

            
	 	 
	 	
              BANK OF AMERICA, N.A., acting through its Canada Branch,

              as Canadian Administrative Agent

            
	 	 
	 	
              By: /s/ Medina Sales de Andrade

            
	 	
              Name: Medina Sales de Andrade

            
	 	
              Title: Vice President

            

      

      

      

      

      

    

    
       

       

      

      
         

        

         

        

         [Signature Page to Incremental Agreement]

      

    

     

    

    

     

    
      
        

    

  

  
     

      

    Schedule 2.01

    

     

      

    On file with the Administrative Agent.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}]]