Employment Agreement (2009)Full Document 

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                            EMPLOYMENT AGREEMENT


	Employment Agreement dated as of July 31, 2009 between SCIENTIFIC
INDUSTRIES, INC., a Delaware corporation 70 Orville Drive, Bohemia, New
York 11716 (the "Company") and ROBERT P. NICHOLS, an individual residing
at 16 Adams Street, Rocky Point, New York, 11778 ("Employee").

WITNESSETH:

	WHEREAS, Employee has been employed as Executive Vice President
and Secretary of the Company since May 2001 with the two year period
ended December 31, 2008 covered by an Employment Agreement dated December
29, 2006 and the Company and Employee desire that although he has
continued to be employed as Executive Vice President and Secretary of the
Company since January 1, 2009 through the date hereof, the Employee continue
to be employed through December 31, 2010 as a senior executive officer of
the Company with the employment for the two year period then ended be on
the terms and conditions hereinafter contained;

	NOW, THEREFORE, it is hereby agreed as follows:

1.	Employment.  The Company hereby employs and Employee agrees to be
employed as a senior executive officer of the Company for the Term as
defined in Section 2 to perform the duties described in Section 3 hereof.

2.	Term.  The employment of Employee by the Company pursuant hereto
shall be for the period from January 1, 2009 through December 31, 2010,
unless terminated earlier pursuant to the provisions of Section 7 hereof;
such period is herein referred to as the "Term".

3.	Duties.  Employee shall devote his full time to the affairs and
business of the Company for which he will serve in senior executive
positions or offices as the Board of Directors (the "Board") shall
designate with respect to the operations of the Company, including
engineering and product control of the Company, exclusive of the
Company's subsidiary Altamira Instruments Inc., for which Employee
shall perform such engineering duties as requested by its President.
For the purposes of this Agreement, executive offices means any one or
more of the following: Chief Operating Officer, Executive Vice President
and Secretary, it being agreed that Employee may hold more than one
executive office, provided that his duties will not require him to
devote more time to the performance of his duties on behalf of the
Company than is reasonable.  As a senior executive officer
Employee shall report directly to the President or Chief
Executive Officer of the Company.  Employee shall use his best
efforts to promote the interests and welfare of the Company.  The
duties shall be principally performed at the principal executive
offices of the Company.

4.	Salary.  As his compensation hereunder, Employee shall be paid
by the Company a base salary for the 12 months ended December 31, 2009
of $120,000 and for the 12 months ended December 31, 2010 a base salary
determined by the Board of Directors but not less than $120,000 per
annum.  The base salary shall be payable in equal weekly installments.
The Company shall also pay Employee a bonus of $5,000 with respect to
his services rendered and to be rendered during the first year of the
Term, payable no later than March 1, 2010 and may also pay to Employee
with respect to the 12 months ended December 31, 2010 a bonus determined
by the Board in its sole discretion.  The Board in determining the base
salary and for the 12 months ending December 31, 2010 and the amount of a
bonus, if any, and with respect to his services provided during such year
shall consider the achievement and surpassing of goals or projections set
forth or referred to in the operation plan for the relevant period
approved by the Board, including but not limited to, cash flow and
earnings; the Employee's performance of his executive responsibilities,

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