Item 1.01 Entry into a Material Definitive Agreement.

Amendment to Loan and Security Agreement

On December 15, 2022, Scott's Liquid Gold-Inc., a Colorado corporation (the "Company"), entered into the Consent and Sixth Amendment to Loan and Security Agreement (the "Amendment"), amending its Loan and Security Agreement with UMB Bank, N.A., dated July 1, 2020 (as previously amended, the "Agreement"). The Amendment consents to the sale of Prell® assets (described below) and updates the borrowing base calculation under the Agreement. The foregoing description of the Amendment is a summary only and is qualified in its entirety by reference to the terms of the Amendment, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Sale of Prell Assets

On December 15, 2022, Neoteric Cosmetics, Inc., a Colorado corporation, ("Neoteric") and wholly owned subsidiary of Scott's Liquid Gold Inc., entered into an Asset Purchase Agreement (the "Purchase Agreement") with AFAM Concept, Inc, an Illinois corporation ("Buyer"), pursuant to which the Company agreed to sell to Buyer all of Neoteric's right, title and interest in and to certain assets of the Prell® product line, which includes shampoo and conditioner (the "Business"), together with certain obligations and liabilities relating to the Business. The transactions contemplated by the Purchase Agreement were consummated on December 15, 2022.

Item 2.01. Completion of Acquisition or Disposition of Assets.

The description of the Disposition contained in Item 1.01 above is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits: The following exhibits are filed as part of this report:



Exhibit No.    Description
10.1             Consent and Sixth Amendment to Loan and Security Agreement, dated
               December 15, 2022
104            Cover Page Interactive Data File

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