ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

(e) On May 24, 2022, the Director's Service Agreement by and between aquila biolabs GmbH ("Aquila") and Mr. Daniel Grunes was amended in connection with his appointment as Chief Executive Officer and President of Aquila and Scientific Bioprocessing, Inc ("SBI"). SBI and Aquila are wholly owned subsidiaries of Scientific Industries, Inc. The amended Director's Service Agreement reflects an increase in Mr. Grunes' base salary by €20,000 euros to 170,000 euros per year, a minimum annual bonus of 10,000 euros and an increase in advance termination notice requirement from 6 to 12 months.

ITEM 9.01 Financial Statements and Exhibits





(a),(b),(c) not applicable



(d) Exhibits



Exhibit No   Description

  10.2         D. Grunes Amended Director's Service Agreement





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