SUBSCRIPTION AGREEMENTSubscription Agreement • October 11th, 2007 • Applied Dna Sciences Inc • Biological products, (no disgnostic substances) • New York
The undersigned (the “Subscriber”) hereby subscribes for ________ unit(s) (the “Units”), at a price of $100,000 per Unit, each consisting of (i) a $100,000 principal amount 10% secured convertible promissory note (each a “Note,” or collectively, the “Notes”) of Applied DNA Sciences, Inc., a Nevada corporation (the “Company”), and (ii) a warrant (each a “Warrant,” or collectively, the “Warrants”) to purchase 200,000 shares of the Company’s common stock, $0.001 par value (the “Common Stock”), exercisable for a period of four years commencing on the first anniversary of the date of the closing of the first purchase and sale of such Units (the “Closing Date”) at a price of $0.50 per share. These Units are part of an offering of up to twenty (20) such Units by the Company to one or more subscribers (the “Offering”). Each Warrant may be redeemed at the option of the Company at a redemption price of $0.01 upon the earlier of (i) the date three years from issuance and (ii) the date the Company
