INVESTMENT ADVISORY AGREEMENT
This Investment Advisory Agreement made this 14th day of February 2005 is between Applied DNA Sciences,
Inc., a Nevada corporation located at 9229 West Sunset Blvd., Suite 830, Los Angeles, CA 9009
("APDNAS"), and First London Finance, Ltd. ("FLF"), located at The Akara Building, 24 De Castro St.,
Wickhams Cay I, Road Town, Tortola, British Virgin Islands and supersedes the previous Investment Advisory
Agreement between APDNAS and FLF of 8th December 2004. APDNAS and FLF agree as follows:
APDNAS hereby engages and retains FLF as its non-exclusive Investment Adviser to perform the services (as
that term is defined in III. Below, hereafter referred to as the "Services") and FLF accepts such appointment on
the terms and subject to the conditions hereinafter set forth and agrees to use its best efforts in providing such
II. INDEPENDENT CONTRACTOR
A. FLF shall be, and in all respects be deemed to be, an independent contractor in the performance of its duties
hereunder, any law of any jurisdiction to the contrary.
B. FLF shall not, by reason of this Agreement or the performance of the Services, be or be deemed to be, an
employee, agent, partner, co-venture or controlling person of APDNAS, and FLF shall not have any power to
enter into any agreement on behalf of or otherwise bind APDNAS.
C. FLF shall not have or be deemed to have fiduciary obligations or duties to APDNAS and shall be free to
pursue for their own account (or for the account of others) such activities, employments, ventures, businesses and
other pursuits as they at their sole discretion, may elect.
D. Notwithstanding the above provision, FLF shall not pursue for its own account (or for the account of others)
such activities, employments, ventures, businesses, financing, debt/equity funding, investment advisory and/or
brokerage services that are or may be perceived to be a conflict with FLF's obligations under this Agreement or
be adverse to APDNAS' interes