August 15, 2001 Neoteric Cosmetics, Inc. 4880 Havana Street Denver, CO 80239 Attention: Mark E. Goldstein, President Ladies and Gentlemen:Sales Distribution Rights Agreement • November 9th, 2001 • Scotts Liquid Gold Inc • Perfumes, cosmetics & other toilet preparations
This letter agreement concerns the Sales Distribution Rights Agreement (the "Agreement") dated as of December 1, 2000 between you and us. We and you wish to waive mutually the provision in clause 8 dealing with the minimum net sales in calendar year 2001. Accordingly, we and you agree that the following sentence in clause 8(1)(v) of the Agreement is hereby deleted and that there is no replacement "calendar year (2001) is $8 million USD." In all other respects, the Agreement remains in full force and effect.
