SEC Contract Filing

Filing Date: 2021-04-30

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>6
<FILENAME>finalspaform.htm
<DESCRIPTION>PURCHASE AGREEMENT BY AND AMONG THE COMPANY AND THE INVESTORS
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Execution Version</font></div>
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THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE &#x201C;<font style="text-decoration: underline">SECURITIES ACT</font>&#x201D;), OR THE
SECURITIES LAWS OF ANY STATE AND ARE BEING OFFERED AND SOLD IN
RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT. THE SECURITIES PURCHASED HEREUNDER MAY NOT BE
TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT
AND OTHER APPLICABLE LAWS PURSUANT TO REGISTRATION OR EXEMPTION
FROM REGISTRATION REQUIREMENTS THEREUNDER.</font></div>
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SECURITIES PURCHASE AGREEMENT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">This
Securities Purchase Agreement (the &#x201C;<font style="text-decoration: underline">Agreement</font>&#x201D;) is entered
into as of April [__], 2021 by and among Scientific Industries,
Inc., a Delaware corporation (the &#x201C;<font style="text-decoration: underline">Company</font>&#x201D;), and each of
the purchasers, severally and not jointly, listed on <font style="text-decoration: underline">Annex A</font> hereto (collectively,
the &#x201C;<font style="text-decoration: underline">Purchasers</font>&#x201D; and each, a
&#x201C;<font style="text-decoration: underline">Purchaser</font>&#x201D;).</font></div>
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BACKGROUND</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
Company proposes to acquire all the registered share capital of
aquila biolabs GmbH, a German limited liability company (the
&#x201C;<font style="text-decoration: underline">Acquisition</font>&#x201D;).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
Company desires to sell, and each Purchaser desires to purchase,
shares of the Company&#x2019;s common stock, par value $0.05 per
share (the &#x201C;<font style="text-decoration: underline">Common
Stock</font>&#x201D;) and warrants to purchase shares of Common
Stock, on the terms and subject to the conditions contained herein,
and to apply the purchase price received for the shares of Common
Stock to the purchase price payable by the Company in the
Acquisition.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
issuance of the shares of Common Stock and warrants to purchase
shares of Common Stock hereunder is being made in a private
placement, without registration under the Securities Act of 1933,
as amended (the &#x201C;<font style="text-decoration: underline">Securities Act</font>&#x201D;) or any
other applicable securities Laws (as defined below), in reliance on
one or more exemptions from registration and other requirements
thereunder.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Therefore, in
consideration of the foregoing, and the representations,
warranties, covenants and conditions set forth below, the parties
hereto, intending to be legally bound, hereby agree as
follows:</font></div>
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<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">1.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Purchase and Sale of Common
Stock</font>.</font></div>
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<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">1.1</font><font id="t