EMPLOYMENT AGREEMENT
 
This EMPLOYMENT AGREEMENT, dated as of July 1, 2017, is by and between
SCIENTIFIC INDUSTRIES, INC., a Delaware corporation with its principal executive
offices at 80 Orville Drive, Suite 102, Bohemia, New York 11716 (the “Company”)
and BROOKMAN MARCH, an individual residing at 2200 Kings Highway 3-L, #206, Port
Charlotte, Florida 33980 (“Employee”).
 
W I T N E S S E T H:
 
WHEREAS, the Company desires to continue to employ Employee as a senior
executive of the Company, and Employee desires to continue to serve in such
capacity, all on the terms and conditions set forth below.
 
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows:
 
1. Retention of Services; Term. The Company hereby retains the services of
Employee, and Employee agrees to furnish such services, upon the terms and
conditions hereinafter set forth. Subject to earlier termination on the terms
and conditions hereinafter provided, and further subject to certain provisions
hereof which survive the term of the employment of Employee by the Company, the
term of this Agreement shall be comprised of a three year period of employment
commencing on July 1, 2017 and ending on June 30, 2020 (the “Initial Term”), and
shall be extended thereafter for two additional one-year periods (each an
“Additional Term”, and together with the Initial Term, the “Term”) unless or
until the Company or Employee provides no less than 90 days’ prior notice to the
other party of the termination of this Agreement at the end of the then-current
Term.
 
2. Duties and Extent of Services During Period of Employment. During the Term,
Employee shall: (a) remain employed by the Company as Vice President of
Corporate Development and Strategy of the Company and Vice President of Sales
and Marketing of the Company’s wholly owned subsidiary Altamira Instruments,
Inc.; (b) perform such duties and services as are commensurate with Employee’s
positions; (c) devote Employee’s full business time and exclusive business
efforts to serving the Company; (d) perform all duties incident to Employee’s
position to the best of Employee’s ability and in compliance with the policies
and procedures of the Company, applicable law and past practice with respect to
Employee’s responsibilities; and (e) perform all of Employee’s responsibilities
and duties hereunder in southwestern Florida, Maine, or Pennsylvania as deemed
appropriate by Employee, subject, however, to the reasonable travel requirements
of Employee’s position, which travel requirements may include visits or
occasional work at other offices of the Company from time to time.
 
3. Remuneration. During the Term, the Company shall pay to Employee as
compensation for Employee’s services hereunder:
 
(a) a base salary equal to $155,000 per annum for the period from the date
hereof through June 30, 2018, payable in a manner consistent with the Company’s
payroll practices, which amount shall increase thereafter on first day of each
fiscal year, commencing as of July 1, 2018, by the greater of (i) three percent
(3%) per annum, or (ii) the percentage increase, if any, in the Consumer Price
Index for all urban consumers as published by the U.S. Bureau of Labor
Statistics (“CPI”) at the end of the immediate preceding year over the CPI as of
the beginning of such year (measured in each case from the nearest date on or
prior to the relevant anniversary date of the Term for which CPI data is
published);;
 
(b) an annual bonus of $10,000 for the fiscal year ending June 30, 2018, if
Employee is employed by the Company as of such date, and for each subsequent
fiscal year, such bonus or bonuses as may be determined by the Board of
Directors of the Company (the “Board”), or the compensation committee thereof
(the “Compensation Committee”), in its sole discretion, in each case payable not
later than the 97th day of the next fiscal year; and
 
(c) As soon as reasonably practicable following the date of this Agreement, the
Company’s Stock Option Committee shall grant to Employee non-qualified options
(the “Stock Options”) to purchase 7,500 shares of common stock of the Company,
par value $0.05 per share (the “Common Stock”), exercisable at an exercise price
equal to the fair market value of the shares of Common Stock of the Company on
the date of grant, pursuant to the Company’s 2012 Stock Option Plan, as amended
(the “Plan”).. The Stock Options will (i) have a ten-year term, including for
the maximum period after any termination of Employee’s employment by the Company
permitted under the Plan, and (ii) become exercisable one-third on each of the
first, second and third anniversaries of the date of grant; provided, however,
such vesting shall be accelerated by 12 months upon the occurrence of a Change
in Control (as defined below) and shall contain a cashless exercise provision.
For purposes of this Agreement, a “Change in Control” of the Company shall be
deemed to have taken place (A) if as the result of, or in connection with, any
cash tender or exchange offer, merger or other business combination, sale of
assets or contested election, or any combination of the foregoing transactions,
the persons who were directors of the Company within twelve months before such
transaction shall cease to constitute a majority of the Board of the Company of
any successor entity; (B) the consummation of a merger or consolidation of the
Company, with or into another entity or any other corporate reorganization, if
more than 50% of the combined voting power of the contributing or surviving
entity’s issued shares or securities outstanding immediately after such merger,
consolidation or other reorganization is owned beneficially by persons other
than the shareholders who owned beneficially more than 50% of the combined
voting power of the Company’s securities immediately prior to such merger,
consolidation or other reorganization; (C) the sale, transfer of other
disposition of all or substantially all of the Company’s assets.
 
4. Employee Benefits; Expenses.
 
(a) During the Term, the Company shall provide to Employee the right to
participate in the Company’s then existing medical and dental insurance and all
other employee benefit plans and policies on the same terms as are then
generally available to the Company’s senior executive employees, and not less
than as currently provided to Employee, including without limitation, medical
insurance, disability insurance, life insurance, holiday and sick pay, and the
right to participate in and receive matching contributions pursuant to the
Company’s plan under Section 401(k) of the Internal Revenue Code.
 
(b) Employee shall be entitled to paid vacation each fiscal year during the Term
at the rate of twenty days per annum. Vacation shall be taken each year and, if
not taken, up to two weeks of unused vacation days shall be carried over per
year, for up to a maximum aggregate of 35 days carried over. In the event that
Employee’s employment by the Company is terminated for any reason whatsoever,
the Company shall pay to Employee an amount equal to the number of unused
vacation days, including carried over vacation days, times Employee’s
then-current daily rate of salary pursuant to Section 3(a) above, upon such
termination. Employee shall also be entitled to six (6) personal days per fiscal
year during the Term. In the event that Employee does not use all such personal
days, the Company shall pay to Employee for up to 3 unused personal days times
Employee’s then-current daily rate of salary pursuant to Section 3(a) above.
 
(c) The Company shall reimburse Employee, in accordance with the practice
followed from time to time for other executive officers of the Company, for a
cellular telephone, a laptop computer, including all expenses relating to
operating a laptop computer and wireless connections and suitable software
thereon, and all reasonable and necessary business and traveling expenses and
other disbursements incurred by Employee for or on behalf of the Company in the
performance of Employee’s duties hereunder, upon presentation by Employee to the
Company of appropriate documentation of such.
 
5.           Disability. This Agreement may be terminated at the option of the
Company if, as a result of any physical or mental disability, Employee is unable
to perform substantially all of Employee’s major duties hereunder for a
continuous period of four months or at least 90 days in any consecutive period
of 180 days. Employee shall continue to receive Employee’s full salary plus
bonus payments payable to Employee under Section 3 hereof regardless of any
illness or incapacity, unless and until this Agreement is terminated. If
Employee’s employment is terminated pursuant to this Section 5, Employee (or
Employee’s personal representative, in the case of Employee’s death) shall be
entitled to receive Employee’s full salary through the effective date of
termination.
 
6.            
Confidential Information; Proprietary Rights.
 
(a)           In the course of Employee's employment by the Company, Employee
will have access to and possession of valuable and important confidential or
proprietary data or information of the Company. Employee will not, during
Employee's employment by the Company or at any time thereafter, divulge or
communicate to any person, nor shall Employee direct any other employee,
representative or agent of the Company to divulge or communicate to any person
or entity (other than to a person or entity bound by confidentiality obligations
similar to those contained herein and other than as necessary in performing
Employee’s duties hereunder) or use to the detriment of the Company, or for the
benefit of any other person or entity, including, without limitation, any
competitor, supplier, licensor, licensee or customer of the Company, any of such
confidential or proprietary data or information or make or remove any copies
thereof, whether or not marked or otherwise identified as “confidential” or
“secret.” Employee shall take all reasonable precautions in handling the
confidential or proprietary data or information within the Company to a strict
need-to-know basis and shall comply with any and all security systems and
measures adopted from time to time by the Company to protect the confidentiality
of confidential or proprietary data or information.
 
(b)           The term "confidential or proprietary data or information" as used
in this Agreement shall mean information not generally available to the public,
including, without limitation, any patent, patent application, license,
sublicense, copyright, trademark, trade name, service mark, service name,
"know-how", trade secrets, customer lists, vendor lists, customer pricing or
terms, details of client or consultant contracts, pricing policies, cost
information, operational methods, marketing plans or strategies, product
development techniques or plans, business acquisition plans or any portion or
phase of any business, scientific or technical information, ideas, discoveries,
designs, computer programs (including source or object codes), processes,
procedures, formulae, improvements, information relating to the products
currently being sold, developed or contemplated, by the Company, or which
hereinafter may be sold, developed or contemplated, by the Company through the
date of termination of this Agreement, including, but not limited to, the
proprietary or intellectual property of the Company, whether or not in written
or tangible form, and whether or not registered, and including all memoranda,
notes, summaries, plans, reports, records, documents and other evidence thereof.
Notwithstanding the foregoing, data or information shall not constitute
"confidential or proprietary data or information" hereunder if it:
 
(i) is or becomes part of the public domain other than due to the breach of this
Agreement by Employee;
(ii) is already known to the Employee on a non-confidential basis at the time of
disclosure by the Company;
(iii) becomes known to the Employee from a source other than the Company,
provided that such source has not entered into a confidentiality agreement with
the Company with respect to such information or obtained the information from an
entity or person who is a party to a confidentiality agreement with the Company,
and without a breach of this Agreement or without a breach of duty owed by any
other person or entity to the Company;
(iv) is proven by competent evidence by the Employee that it was independently
conceived or discovered by the Employee without reference to or use of the
Company’s confidential or proprietary information; or
(v) is required by law to be disclosed by Employee.
 
(c)           Employee will at all times promptly disclose to the Company in
such form and manner as the Company may reasonably require, any inventions,
improvements or procedural or methodological innovations, including, without
limitation, those relating to programs, methods, forms, systems, services,
designs, marketing ideas, products or processes (whether or not capable of being
trademarked, copyrighted or patented) conceived or developed or created by
Employee during or in connection with Employee’s employment with the Company and
which relate to the business of the Company (the "Intellectual Property").
Employee agrees that all such Intellectual Property shall be the sole property
of the Company. Employee hereby assigns all of Employee’s right, title and
interest to the Intellectual Property to the Company. Employee further agrees
that Employee will execute such instruments and perform such acts as may
reasonably be requested by the Company to transfer to and perfect in the Company
all legally protectable rights in such Intellectual Property. To the extent any
moral rights or other Intellectual Property rights are not legally transferable
to the Company, Employee hereby waives and agrees to never assert any such
rights against the Company or any of its affiliates, even after termination of
employment with the Company.
 
(d)           All written materials, books, records and documents made by
Employee or coming into Employee’s possession during Employee’s employment by
the Company concerning any products, processes or systems used, developed,
investigated, purchased, sold or considered by the Company or otherwise
concerning the business or affairs of the Company, including, without
limitation, any files, customer records such as names, telephone numbers,
addresses and e-mail addresses, lists, firm records, brochures and literature,
shall be the sole property of the Company, shall not be removed from the
Company’s premises or transmitted to third parties by Employee, and upon
termination of Employee’s employment by the Company, or upon request of the
Company during Employee’s employment by the Company, Employee shall promptly
deliver the same to the Company. In addition, upon termination of Employee’s
employment by the Company, Employee will deliver to the Company all other
Company property in Employee’s possession or under Employee’s control,
including, but not limited to, financial statements, marketing and sales data,
customer and supplier lists and information, account lists and other account
information, database information, plans, designs and other documents, and
Employee shall not retain any electronically stored versions of the same.
 
(e)            During the term of this Agreement, Employee shall comply in all
respects with all applicable federal and state securities laws, including
without limitation with respect to insider trading, and all policies and codes
of conduct or ethics of the Company and its affiliates with respect thereto.
 
7.            
Non-Competition; Non-Interference; Non-Solicitation.
 
(a)            During the Term and for a period of twelve months thereafter (the
"Restricted Period"), Employee shall not, without the written consent of the
Company, directly or indirectly, (i) become associated with, render services to,
invest in, represent, advise or otherwise participate in as an officer,
employee, director, stockholder, partner, member, promoter, agent of, consultant
for or otherwise, any business, wherever conducted, which is directly
competitive with the business conducted by the Company; or (ii) for Employee’s
own account or for the account of any other person or entity (A) interfere with
the Company’s relationship with any of its suppliers, customers, accounts,
brokers, representatives or agents or (B) solicit or transact any business with
any customer, account or supplier of the Company who or which transacts or has
transacted business with the Company at any time during the Term; or (iii)
employ or otherwise engage, or solicit, entice or induce on behalf of Employee
or any other person or entity, the services, retention or employment of any
person who has been an employee, principal, partner, stockholder, sales
representative, trainee, consultant to or agent of the Company within one year
of the date of such offer or solicitation. Notwithstanding any provisions in
this Section 7, (1) this Section 7 shall not prohibit Employee from purchasing
or owning up to five percent (5%) of the outstanding capital stock of a company
which is listed or authorized for trading on any national securities exchange,
Nasdaq or the over-the-counter markets or has a class of securities registered
under Section 12 of the Securities Act of 1934, as amended and (2) to the extent
not inconsistent with Employee’s obligations under this Agreement, Employee may
engage in charitable or civic activities and make passive investments in
businesses which are not competitive with the business of the Company.
 
(b)           If any one or more of the restrictions contained in this Section 7
shall for any reason be held to be unreasonable with regard to time, duration,
geographic scope or activity, the parties contemplate and hereby agree that such
restriction shall be modified and shall be enforced to the full extent
compatible with applicable law. The parties hereto intend that the covenants
contained in this Section 7 shall be deemed a series of separate covenants for
each country, state, county and city. If, in any judicial proceeding, a court
shall refuse to enforce all the separate covenants deemed included in this
Section 7 because, taken together, they cover too extensive a geographic area,
the parties intend that those of such covenants (taken in order of the cities,
counties, states and countries therein which are least populous) which if
eliminated would permit the remaining separate covenants to be enforced in such
proceeding shall, for the purpose of such proceeding, be deemed eliminated from
the provisions of this Section 7.
 
8.           Remedies. Employee acknowledges that the covenants contained in
Sections 6 and 7 are fair and reasonable in order to protect the Company’s
business and were a material and necessary inducement for the Company to agree
to the terms of this Agreement and to the employment of Employee by the Company.
Employee further acknowledges that any remedy at law for any breach or
threatened or attempted breach of the covenants contained in Sections 6 and 7
may be inadequate and that the violation of any of the covenants contained in
Sections 6 and 7 will cause irreparable and continuing damage to the Company.
Accordingly, the Company shall be entitled to specific performance or any other
mode of injunctive and/or other equitable relief to enforce its rights
hereunder, including, without limitation, an order restraining any further
violation of such covenants, or any other relief a court might award, without
the necessity of showing any actual damage or irreparable harm or the posting of
any bond or furnishing of other security, and that such injunctive relief shall
be cumulative and in addition to any other rights or remedies to which the
Company may be entitled. The covenants in Sections 6 and 7 shall run in favor of
the Company and its affiliates, successors and assigns. The provisions of
Sections 6 and 7 and this Section 8 shall survive the termination of this
Agreement.
 
9.            
Termination.
 
(a)           The Company may terminate Employee’s services hereunder "for
cause" by delivering to Employee not less than ten (10) days prior to the date
on which the termination is to be effective, a written notice of termination for
cause specifying the act, acts or failure to act that constitute the cause. For
the purposes of this Agreement, “for cause” shall mean: (i) any act of material
fraud or embezzlement, (ii) commission by Employee of any felony or entry of a
plea of nolo contendere to a felony charge; (iii) commission by Employee of a
crime involving moral turpitude or any knowing violation of any federal or state
banking or securities law, (iii) any repeated refusal by Employee to perform
Employee’s duties consistent with the terms of this Agreement after reasonable
notice and opportunity to cure, (iv) any material breach by Employee of this
Agreement, if such material breach, if capable of cure, is not cured within
twenty (20) days after written notice thereof, (v) the gross negligence or gross
misconduct (including conflict of interest in carrying out Employee's duties
under this Agreement), or (vi) the death of Employee.
 
(b)           If (i) the Company terminates Employee’s employment hereunder "for
cause" as set forth in Section 9(a) hereof or (ii) Employee voluntarily
terminates Employee’s employment by the Company other than for “Good Reason” (as
defined below), the Company shall pay to Employee any unpaid compensation
payable pursuant to Section 3 hereof, which payment (y) shall include all
compensation earned up until and including the date on which the termination is
effective, and (z) shall be made within 30 days after the termination date, and
no other compensation shall be payable to Employee.
 
(c)           If the Company terminates Employee’s employment hereunder for any
reason other than "for cause" as set forth in Section 9(a) hereof, or Employee
terminates Employee’s employment hereunder for “Good Reason” (as defined below),
the Company shall pay to Employee compensation payable pursuant to Section 3 and
Section 4 hereof, as specified herein, for one calendar year from the date of
termination (the “Severance Payments”), including any accrued but unused
vacation and sick time, and provide the Employee with health insurance benefits
at the cost of the Company for one year after date of termination . Employee and
the Company acknowledge that the foregoing provisions of this Section 9(c) are
reasonable and are based upon the facts and circumstances of the parties at the
time of entering into this Agreement, and with due regard to future
expectations.
 
(d)           Resignation for Good Reason. Employee may terminate Employee's
employment hereunder for "Good Reason". For purposes of this Agreement, "Good
Reason" shall mean (i) a substantial diminution or change of the duties of the
Employee which is materially inconsistent with Employee's duties and services
provided for in Section 2 hereof, (ii) a material breach by the Company of this
Agreement after notice and such breach has not been cured within twenty days
after receipt of such notice, or (iii) any purported termination by the Company
of Employee's employment otherwise than expressly permitted by this Agreement.
 
10.           Indemnification; Insurance.
 
(a)           The Company agrees to indemnify Employee and hold Employee
harmless against any and all losses, claims, damages, liabilities and costs (and
all actions in respect thereof and any legal or other expenses in giving
testimony or furnishing documents in response to a subpoena or otherwise),
including, without limitation, the reasonable costs of investigating, preparing
or defending any such action or claim, whether or not in connection with
litigation in which Employee is a party, as and when incurred, directly or
indirectly caused by, relating to, based upon or arising out of any work
performed by Employee in connection with this Agreement to the full extent
permitted by the Delaware General Corporation Law and by the Certificate of
Incorporation and Bylaws of the Company, as may be amended from time to time.
 
(b)           The indemnification provision of this Section 10 shall be in
addition to any liability which the Company may otherwise have to Employee.
 
(c)           If any action, proceeding or investigation is commenced as to
which Employee proposes to demand such indemnification, Employee shall notify
the Company with reasonable promptness. The Company shall have the right to
retain counsel of its own choice to represent Employee, subject to Employee’s
reasonable consent, and the Company shall pay all reasonable fees and expenses
of such counsel; and such counsel shall, to the fullest extent consistent with
such counsel’s professional responsibilities, cooperate with the Company and any
counsel designated by the Company. The Company shall be liable for any
settlement of any claim against Employee made with the Company’s written
consent, to the fullest extent permitted by the Delaware General Corporation Law
and any other applicable law, the Certificate of Incorporation and Bylaws of the
Corporation, as may be amended from time to time. No such settlement of any
claim shall be made by Employee without the written consent of the Company.
 
(d)           Further, the Company agrees to include Employee in the coverage of
any directors' and officers' liability it provides on behalf of its directors or
senior executive officers and, if Employee is a fiduciary under a Company plan,
coverage under the applicable fiduciary liability insurance policy.
 
11.            
Taxes and Compliance with Section 409A.
 
(a)            This Agreement is intended to comply with Section 409A of the
Internal Revenue Code (the “Code”) (as amplified by any regulations promulgated
thereunder (the “Treasury Regulations”) or other Internal Revenue Service or
U.S. Treasury Department guidance), and shall be construed and interpreted in
accordance with such intent. If either the Company or Employee reasonably
determine that the Agreement does not meet the requirements of Code Section 409A
and that the Agreement may be amended or modified to meet the requirements of
Code Section 409A, the Agreement shall be amended or modified in order to meet
the requirements of Code Section 409A; provided, that any such amendment or
modification shall be subject to the mutual agreement of Employee and the
Company. Moreover, if, upon Employee’s separation from service, Employee is then
a “specified employee” (as defined in Section 409A of the Code), then only to
the extent necessary to comply with Code Section 409A and avoid imposition of
taxes under Code Section 409A, the Company will defer payment of certain of the
amounts owed to Employee under this Agreement until the earlier of Employee’s
death or the first business day of the seventh month following Employee’s
separation from service.
 
(b)           Any right to a series of installment payments pursuant to this
Agreement is to be treated as a right to a series of separate payments. To the
extent permitted under Section 409A of the Code, any separate payment or benefit
under this Agreement or otherwise shall not be deemed “nonqualified deferred
compensation” subject to Section 409A of the Code to the extent provided in the
exceptions in Treasury Regulation Section 1.409A-1(b)(4), Section 1.409A-1(b)(9)
or any other applicable exception or provision of Section 409A of the Code.
 
(c)           To the extent that any payments or reimbursements provided to
Employee under this Agreement are deemed to constitute compensation to Employee
to which Treasury Regulation Section 1.409A-3(i)(1)(iv) would apply, such
amounts shall be paid or reimbursed reasonably promptly, but not later than the
75th day following the fiscal year in which the expense was incurred. The amount
of any such payments eligible for reimbursement in one year shall not affect the
payments or expenses that are eligible for payment or reimbursement in any other
taxable year, and Employee’s right to such payments or reimbursement of any such
expenses shall not be subject to liquidation or exchange for any other benefit.
No offset by the Company shall be permitted against amounts that constitute
deferred compensation subject to Code Section 409A.
 
12.           Notices. All notices, claims or other communications to be given
or delivered under or by reason of the provisions of this Agreement shall be in
writing and shall be deemed to have been given when delivered personally to the
recipient, when sent by email, facsimile or other electronic transmission, the
receipt of which is electronically confirmed, or one (1) day after being sent to
the recipient by reputable overnight courier service (charges prepaid). Such
notices, claims and other communications shall be sent to the addresses
indicated below or to such other address or to the attention of such other
Person as the recipient party has specified by prior written notice to the
sending party. All notices, claims and other communications hereunder may be
given by any other means, but shall not be deemed to have been duly given unless
and until it is actually received by the intended recipient:
 
If to the Employee, to:
Brookman March
 
2200 Kings Highway 3-L, #206
 
Port Charlotte, FL 33980
 
Telephone: 412-418-1833
 
Email: bmarch@altamirainstruments.com

 
With a copy to:
Kaufman & Associates, LLC
 
200 Motor Parkway, Suite B-13
 
Hauppauge, New York 11788
 
Attention: Neil M. Kaufman
 
Telephone: (631) 972-0042
 
Facsimile: (631) 410-1007
 
Email: nkaufman@kaufman-associates.com

 
If to the Company, to:
Scientific Industries, Inc.
 
80 Orville Drive, Suite 102
 
Bohemia, New York 11716
 
Attention: Chairman of Compensation Committee
 
Telephone: (631) 567-4700
 
Facsimile: (631) 567-5896
 
Email: gmorin@altamirainstruments.com

 
13.           Successors and Assigns; Third Party Beneficiaries. This Agreement
shall be binding upon and inure to the benefit of the successors and assigns of
the Company, and unless clearly inapplicable, all references herein to the
Company shall be deemed to include any such successor. In addition, this
Agreement shall be binding upon and inure to the benefit of Employee and
Employee’s heirs, executors, legal representatives and assigns; provided,
however, that the obligations of Employee hereunder may not be delegated without
the prior written approval of the Company. In the event of any consolidation or
merger of the Company into or with any other corporation during the term of this
Agreement, or the sale of all or substantially all of the assets of the Company
to another corporation, person or entity during the term of this Agreement, such
successor corporation shall assume this Agreement and become obligated to
perform all of the terms and provisions hereof applicable to the Company, and
Employee's obligations hereunder shall continue in favor of such successor
corporation.
 
14.            Acknowledgment. Employee acknowledges that Employee has carefully
read this Agreement, has had an opportunity to consult counsel regarding this
Agreement and hereby represents and warrants to the Company that Employee’s
entering into this Agreement, and the obligations and duties undertaken by
Employee hereunder, will not conflict with, constitute a breach of or otherwise
violate the terms of any other agreement to which Employee is a party and that
Employee is not required to obtain the consent of any person, firm, corporation
or other entity in order to enter into and perform Employee’s obligations under
this Agreement.
 
15.            
Waiver of Jury Trial.
 
EACH PARTY TO THIS AGREEMENT HEREBY UNCONDITIONALLY WAIVES ITS RIGHT TO A JURY
TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF, DIRECTLY OR
INDIRECTLY, THIS AGREEMENT, ANY RELATED DOCUMENTS, ANY DEALINGS BETWEEN OR AMONG
THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT.
 
16.            Enforcement. It is the desire and intent of the parties hereto
that the provisions of this Agreement shall be enforced to the fullest extent
permissible under the laws and public policies applied in each jurisdiction in
which enforcement is sought. Accordingly, to the extent that a restriction
contained in this Agreement is more restrictive than permitted by the laws of
any jurisdiction where this Agreement may be subject to review and
interpretation, the terms of such restriction, for the purpose only of the
operation of such restriction in such jurisdiction, shall be the maximum
restriction allowed by the laws of such jurisdiction and such restriction shall
be deemed to have been revised accordingly herein. If any provision of this
Agreement shall be held by a court of competent jurisdiction to be contrary to
law or public policy, the remaining provisions shall remain in full force and
effect.
 
17.           Miscellaneous. This Agreement shall be governed by, construed and
enforced in accordance with the laws of the State of New York, without regard to
conflicts of laws. The parties hereto hereby irrevocably submit to the exclusive
jurisdiction of any New York State or Federal court sitting in Suffolk County,
New York over any suit, action or proceeding arising out of or relating to this
Agreement. This Agreement contains the entire agreement of the parties relating
to the subject matter hereof and supersedes any other agreements entered into
between Employee and the Company prior to the date of this Agreement relating
thereto. This Agreement may not be altered, modified, amended or terminated
except by a written instrument signed by each of the parties hereto. No term or
provision hereof shall be deemed waived and no breach consented to or excused,
unless such waiver, consent or excuse shall be in writing and signed by the
party claimed to have waived, consented or excused. A consent, waiver or excuse
of any breach shall not constitute a consent to, waiver or, or excuse of any
other or subsequent breach whether or not of the same kind of the original
breach. This Agreement may be executed and delivered by facsimile signature and
in two or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. Counterparts may
be delivered via facsimile, electronic mail (including pdf or any electronic
signature complying with the U.S. federal ESIGN Act of 2000, e.g.,
www.docusign.com) or other transmission method and any counterpart so delivered
shall be deemed to have been duly and validly delivered and be valid and
effective for all purposes. The headings in this Agreement are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.
 
[SIGNATURE PAGE TO FOLLOW]
 
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day of and year first above written.
 
 
Scientific Industries, Inc.
 
 
 
 
 
By: 
/s/ Helena R. Santos
 
 
 
Name: Helena R. Santos
 
 
 
Title: President
 
 
 
 
 
 
 
/s/ Brookman March
 
 
 
Brookman March