Item 1.02 Termination of a Material Definitive Agreement.
On July 12, 2022 Neoteric Cosmetics, Inc., a wholly-owned subsidiary of Scott's
Liquid Gold-Inc., (the "Company") issued a notice to HK NFS Limited, a Hong Kong
limited company ("HK NFS"), of its termination of the distribution agreement
with HK NFS initially entered into on January 1, 2018 (the "Distribution
Agreement"). We plan to continue to sell products to consumers in the People's
Republic of China and do not anticipate a material impact on our level of sales.
The foregoing description of the Distribution Agreement is a summary only and
qualified in its entirety by reference to the full text of the Distribution
Agreement, a conformed copy of which is incorporated by reference to Exhibit
10.16 of the Company's Annual Report on Form 10-K, filed on March 31, 2022.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses