Full Press Release Details
CONSULTING AGREEMENT
This Consulting Agreement ("Agreement")
is entered into as of October 1, 2025 (the "Effective Date") by and between Applied DNA Sciences, Inc. a Delaware corporation
located at 50 Health Sciences Drive, Stony Brook, New York, 11790 (the "Company") and Patrick Horsman, with an address of
[_______] ("Consultant"). The Company desires to retain Consultant as an independent contractor to perform consulting services
for the Company, and Consultant is willing to perform such services, on the terms described below.
In consideration of the mutual promises contained
herein, the parties agree as follows:
Subject to the terms and conditions
of this Agreement, the Company hereby retains Consultant as a consultant to perform the consulting services specifically set out in Exhibit
A attached to this Agreement and made a part hereof (hereafter referred to as the "Services"), and Consultant agrees, subject
to the terms and conditions of this Agreement, to render such Services during the term of this Agreement.
In consideration of the Services to be
provided by Consultant to the Company during the Initial Term, the Company shall compensate Consultant as described in Exhibit B. Consultant's
compensation for each Renewal Term, if any, shall be negotiated in good faith by the parties, but shall be no less than as set forth on
It is expressly agreed that Company
and Consultant shall be independent contractors and that the relationship between the parties shall not constitute a partnership, joint
venture or agency. Neither Company nor Consultant shall have the authority to make any statements, representations or commitments of any
kind, or to take any action, which shall be binding on the other party, without the prior written consent of the other party.
In the course of the performance of
Consultant's Services it is expected that Consultant will receive information that is considered material inside information within
the meaning and intent of the U.S. federal securities laws, rules and regulations. Consultant will not disclose this information directly
or indirectly to any third party, nor will Consultant buy, sell or otherwise deal in the securities of Company in violation of applicable
Consultant represents and warrants
that: (a) Consultant has full right, power, and authority to enter into and perform this Agreement without the consent of any third party;
(b) Consultant is not in violation of any noncompete agreement by entering into this Agreement; (c) Consultant has the full right, power,
and authority to comply with the obligations of Section 4; (d) Consultant will not, in the course of performing the Services, infringe
or misappropriate any intellectual property right of any third party; and (e) Consultant will devote no less than seventy-five percent
(75%) of his work time to rendering the Services, however, Consultant may choose when he performs the Services in his reasonable discretion.
Consultant agrees to promptly disclose
to the Company any actual, potential, or perceived conflict of interest that may arise in connection with the performance of services
under this Agreement. Consultant shall not engage in any activity, investment, or relationship-whether personal, professional, or
financial-that would reasonably be expected to interfere with Consultant's independent judgment or loyalty to the Company,
or that could compromise the integrity of the Company's digital asset treasury strategy (a "Conflict of Interest").
The Company reserves the right to terminate this Agreement pursuant to Section 8(b) in the event of a Conflict of Interest and the Conflict
of Interest is not cured within thirty (30) days after Consultant's receipt of written notice thereof from the Company.
| If to the Company, to: | |
| Applied DNA Sciences, Inc. 50 Health Sciences Drive, | |
| Stony Brook, New York 11790 Telephone: (631) 240-8800 | |
| Facsimile: (631) 240-8900 Email: clay.shorrock@adnas.com | |
| If to the Consultant, to Patrick Horsman | |
| [________] | |
| [________] | |
| Email: [________] | |
| CC:[_________] |
[Signature Page Follows]
IN WITNESS WHEREOF, the parties have executed this Agreement
on the dates indicated below.
| APPLIED DNA SCIENCES, INC. | PATRICK HORSMAN | |||
| By: | By: | |||
| Name: Clay Shorrock | Name: Patrick Horsman, CFA | |||
| Title:CEO | Date: | |||
| Date: |
Contact. Consultant's
principal Company contacts:
Clay D. Shorrock, CEO
Services. Consultant shall serve
as Chief Investment Officer in a strategic advisory capacity. The agreement provides for oversight of the Company's digital asset
treasury strategy, including providing strategic guidance and operational support, including integration of digital assets such as BNB,
capital allocation frameworks, evaluation of various yield opportunities within the Binance ecosystem and other blockchain- based platforms,
and investor-facing financial communication (which shall include the role of the Company's primary media and public relations and
public speaking personality, at conferences, pod casts, media appearances, interviews and other Company events). Consultant shall perform
Services in a professional and diligent manner, consistent with industry standards and applicable laws. .
Consultant Compensation