SEC Contract Filing

Filing Date: 2016-11-03

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>t1600699_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Page 1 of 13</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">PLACEMENT AGENCY
AGREEMENT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in">November 2, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Applied DNA Sciences, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">50 Health Sciences Drive</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stony Brook, New York 11790</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ladies and Gentlemen:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This letter (the &ldquo;<U>Agreement</U>&rdquo;)
constitutes the agreement among Maxim Group LLC (&ldquo;<U>Maxim</U>&rdquo; or the &ldquo;<U>Lead Placement Agent</U>&rdquo;),
Imperial Capital, LLC (&ldquo;<U>Imperial</U>&rdquo; or the &ldquo;<U>Co-Placement Agent</U>&rdquo; and, together with Maxim, the
&ldquo;<U>Placement Agents</U>&rdquo;) and Applied DNA Sciences, Inc. (the &ldquo;<U>Company</U>&rdquo;), that the Placement Agents
shall serve as the exclusive placement agents for the Company, on a &ldquo;reasonable best efforts&rdquo; basis, in connection
with the proposed private placement (the &ldquo;<U>Placement</U>&rdquo;) of shares (the &ldquo;<U>Shares</U>&rdquo;) of the Company&rsquo;s
common stock, par value $0.001 per share (the &ldquo;<U>Common Stock</U>&rdquo;) and warrants to purchase shares of Common Stock
(the &ldquo;<U>Warrants</U>&rdquo;). The Shares, the Warrants and the shares of Common Stock underlying the Warrants (the &ldquo;<U>Warrant
Shares</U>&rdquo;) are hereinafter referred to collectively as the &ldquo;<U>Securities</U>&rdquo;). The terms of the Placement
and the Securities shall be mutually agreed upon by the Company and the purchasers (each, a &ldquo;<U>Purchaser</U>&rdquo; and
collectively, the &ldquo;<U>Purchasers</U>&rdquo;) and nothing herein shall be construed to provide either that the Placement Agents
have the power or authority to bind the Company or any Purchaser or an obligation for the Company to issue any Securities or complete
the Placement. This Agreement and the documents executed and delivered by the Company and the Purchasers in connection with the
Placement shall be collectively referred to herein as the &ldquo;<U>Transaction Documents</U>.&rdquo; The date of the closing of
the Placement shall be referred to herein as the &ldquo;<U>Closing Date</U>.&rdquo; The Company expressly acknowledges and agrees
that the Placement Agents&rsquo; obligations hereunder are on a reasonable best efforts basis only and that the execution of this
Agreement does not constitute a commitment by the Placement Agents to purchase the Securities and does not ensure the successful
placement of the Securities or any portion thereof or the success of the Placement Agents with respect to securing any other financing
on behalf of the Company. The Placement Agents may retain other brokers or dealers to act as sub-agents or selected-dealers on
their behalf in connection with the Placement.&nbsp;&nbsp;The sale of the Securities to any Purchaser will be evidenced by a purchase
agreement (the &ldquo;<U>Securities Purchase Agreement</U>&rdquo;) between the Company and such Purchasers in a form reasonably
acceptable to the Company and the Lead Placement Agent.&nbsp;&nbsp;Capitalized terms that are not otherwise defined herein have
the meanings given to such terms in the Securities Purchase Agreement. Prior to the signing of any Securities Purchase Agreement,
officers of the Company will be reasonably available to answer inquiries from prospective Purchasers.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Notwithstanding anything
herein to the contrary, in the event the Placement Agents determine that any of the terms provided for hereunder shall not comply
with a FINRA rule, including but not limited to FINRA Rule 5110, then the Company shall agree to amend this Agreement in writing
upon the request of the Lead Placement Agent to comply with any such rules; provided that any such amendments shall not provide
for terms that are less favorable to the Company.</P>

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