Attached files
EXTENSION
Scientific Industries, Inc., a Delaware corporation, 80 Orville
Drive, Suite 102, Bohemia, New York 11716 (the "Company"),
and Helena R. Santos (the ?Employee?) hereby agree that the
Employment Agreement between the Company and the Employee dated
September 13, 2011 as amended by the Amended Employment Agreement,
dated May 20, 2013 be amended in the following particulars only:
1. The period of employment is extended through June 30, 2016.
2. The compensation to be paid to Employee for the period
commencing July 1, 2015 ending June 30, 2016 shall be the greater
of: (i) $157,080, or (ii) an amount which represents the same
percentage increase, if any, in the Consumer Price Index for the
year ending June 30, 2015 from that of June 30, 2014. The
Company at the sole and absolute discretion of the Board may
pay to Employee a bonus for her services during each of the
fiscal years ending June 30, 2015, and June 30, 2016
All other terms and provisions shall remain in full form and effect.
Dated: June 9th, 2015
SCIENTIFIC INDUSTRIES, INC.
By: /s/ Robert P. Nichols
_____________________
Robert P. Nichols,
Executive Vice President
HELENA R. SANTOS
/s/ Helena R. Santos
_________________________
