SUBSCRIPTION AGREEMENTSubscription Agreement • April 20th, 2009 • Applied Dna Sciences Inc • Radio & tv broadcasting & communications equipment • New York
The undersigned (the “Subscriber”) hereby subscribes for $______________ of $100,000 principal amount 10% secured convertible promissory notes (each a “Note,” or collectively, the “Notes”) of Applied DNA Sciences, Inc., a Delaware corporation (the “Company”). This is an offering by the Company of up to a maximum aggregate amount of S1,500,000 in Notes to one or more subscribers (the “Offering”); provided that the Company may increase the size of the Offering, in its discretion, to $2.500,000. The Notes and accrued but unpaid interest thereon automatically convert into shares of the Company’s common stock, $0.001 par value (the “Common Stock”), on the first anniversary of the date of the closing of the purchase and sale of such Notes (the “Closing Date”) at a price equal to 80% of the average volume weighted average price of the Common Stock for the ten trading days prior to the Closing Date (the “Automatic Conversion Price”). The Notes are convertible at the option of the holder into s
