AMENDMENT TO CONSULTING AGREEMENT
AMENDMENT TO CONSULTING AGREEMENT
March 8, 2021
Xx. Xxxxxxxx Xxxx
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Societät Xxxxxxxx and Xxxx Xxxx AG o GmbH
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Dear Xxxxxxxx:
Please confirm your agreement by signing where indicated below that
the term of your engagement and the engagement of Societät
Xxxxxxxx and Xxxx Xxxx AG o GmbH (collectively, the
“Consultant”) pursuant to that certain Consulting
Agreement, dated as of July 20, 2020 (the
“Agreement”),
with Scientific Industries, Inc. (the “Company”), for services provided to Scientific
Bioprocessing, Inc, a wholly-owned subsidiary of the Company, is
hereby amended effective March 1, 2021, with revised section 3 as
amended and restated in its entirety below:
For
each full month that services are provided, the Company shall pay
or cause SBI to pay Consultant a fee of EUR €12,500 in cash.
Such compensation shall be pro-rated for services provided for a
partial month. In addition, subject to the procurement of any
requisite stockholder approvals, the Company shall issue to Xxxx as
soon as reasonably practicable 125,000 stock options of the Company
with a per-share exercise price equal to the last closing price of
one share of the Company’s common stock immediately prior to
the Effective Date. The options shall be issued in accordance with
the terms and conditions set forth in the Company’s 2012
Stock Option Plan, including vesting.
There are no other changes to the Agreement.
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Scientific
Industries, Inc.
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By:
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/s/ Xxxxxx X.
Xxxxxx
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Name:
Xxxxxx X. Xxxxxx
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Title:
President and CEO
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Scientific
Bioprocessing, Inc.
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By:
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/s/ Xxxx X.
Xxxxx
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Name:
Xxxx X. Xxxxx
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Title:
President
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Acknowledged
and agreed to:
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By:
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/s/ Xxxxxxxx
Xxxx
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Xxxxxxxx
Xxxx
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Societät
Xxxxxxxx and Xxxx Xxxx AG o GmbH
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By:
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/s/
Societät
Xxxxxxxx and Xxxx Xxxx AG o GmbH
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Name:
Title:
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