SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): June 5, 2013 SCIENTIFIC INDUSTRIES, INC. _________________________________________________ (Exact name of registrant as specified in its charter) Delaware 000-6658 04-2217279 ___________ ____________ __________________ (State or other (Commission (IRS Employer No.) jurisdiction of File Number) incorporation) 70 Orville Drive Bohemia, New York 11716 __________________________________________________ (Address of principal executive offices) (631) 567-4700 __________________________________________________ Registrant's telephone number, including area code Not Applicable __________________________________________________ (Former name or former address, if changed since last report) ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On June 5, 2013, JPMorgan Chase Bank, N.A. (the "Bank") agreed to extend the Companies $700,000 line of credit facility to June 14, 2014 on the same terms except that the interest on advances will be 3.05% per annum (a decrease from 3.08% per annum) over the LIBOR Index, currently 3.24% per annum. Advances are to be secured by a pledge of Collateral consisting of the inventory, accounts, chattel paper, equipment and general intangibles of the Company. Principal along with interest are payable at maturity. Maturity of principal and interest accelerate upon the occurrence of an event of default. The events specified include failure to pay outstanding obligations under the Note, a material adverse change in the Company's financial condition or prospects and acts of insolvency. During the period of default the interest rate increase by 3% per annum. The Company is required to reduce the outstanding principal balance to zero during the 30 day period ending on the anniversary date of the Note. ITEM 9.01 Financial Statements and Exhibits (a) and (b) not applicable (c) Exhibits Exhibit No. Exibit ___________ _____________________________ 99.1 Business Loan Agreement (Filed as an Exhibit to the current Report on Form 8-K, dated June 14, 2011) 99.2 Additional Terms 99.3 Promissory Note SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SCIENTIFIC INDUSTRIES, INC. (Registrant) Date: June 5, 2013 By: /s/ Helena R. Santos ________________________ Helena R. Santos, President and Chief Executive Officer