On January 23, 2023, Scott's Liquid Gold-Inc. entered into the Consent and Seventh Amendment to Loan and Security Agreement, amending its Loan and Security Agreement with UMB Bank, N.A., dated July 1, 2020. The Seventh Amendment consents to the sale of Scott's Liquid Gold Wood Care and Scott's Liquid Gold Floor Restore assets, and updates defined terms and financial covenants under the UMB Agreement. On January 25, 2023, the Company entered into the First Amendment to La Plata Capital Loan Agreement, amending its Loan Agreement with La Plata Capital, LLC, dated November 9, 2021.

The First Amendment states interest-only payments are required on a monthly basis through March 31, 2023. The First Amendment revises the timing of principal and interest payments and provides updated financial covenants.