INDEMNIFICATION AGREEMENT SCOTT'S LIQUID GOLD-INC.Indemnification Agreement • April 15th, 2003 • Scotts Liquid Gold Inc • Perfumes, cosmetics & other toilet preparations • Colorado
This Agreement is made and entered into as of May 6, 1987 between Scott's Liquid Gold-Inc., a Colorado corporation (the "Corporation"), and Mark E. Goldstein, of Denver, Colorado ("Director").
QuickLinks -- Click here to rapidly navigate through this documentScotts Liquid Gold Inc • April 15th, 2003 • 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 2002. Accordingly, we and you agree that the following phrase in clause 8(1)(v) of the Agreement is hereby deleted and that there is no replacement minimum sales level for the calendar year 2002: "calendar year two (2002) to be 12 million USD." In all other respects, the Agreement remains in full force and effect.
