Exhibit 10.1

AMENDMENT TO

EMPLOYEE AT WILL, NON-DISCLOSURE, NON-COMPETE, AND

DEVELOPMENT ASSIGNMENT AGREEMENT

This Amendment to EMPLOYEE AT WILL, NON-DISCLOSURE, NON-COMPETE, AND DEVELOPMENT ASSIGNMENT AGREEMENT (this “Amendment”) is made as of June 25, 2020 (the “Effective Date”), by and between Scott’s Liquid Gold-Inc., a Colorado corporation (“Employer”) and Kevin A. Paprzycki (“Employee”).  

Recitals

WHEREAS, Employer and Employee are parties to that certain Employee At Will, Non-Disclosure, Non-compete, and Development Assignment Agreement dated May 2, 2018 (the “Non-Compete Agreement”).  Capitalized terms used but not defined herein have the meaning ascribed to them in the Employment Agreement; and

WHEREAS, Employer and Employee desire to amend the Non-Compete Agreement to extend Employee’s severance period to 12 months.

Agreement

NOW, THEREFORE, in consideration of Employee’s continued employment with Employer, the compensation received by Employee from Employer from time to time, the mutual promises stated in this Amendment, and other good and valuable consideration, Employer and Employee agree as follows:

2.At Will Employment Status/Severance.  Your employment with us is subject to your right and our right to terminate your employment for any reason immediately at will, with no cause or prior notice and without severance pay, except as expressly set forth herein.  You will devote all of your working time to such services and duties as the Company directs, unless we give written permission to you to perform duties for others.  You will comply with rules and regulations adopted by us in regard to employment matters.  In the event the Company terminates your employment for any reason, other than for Cause, you will be entitled to severance pay equal to 12 months of your base salary.  Such severance amount, if any, will be subject to deductions for taxes and other applicable withholdings, and will be paid in accordance with the terms of a release, as set forth below.  If the termination of your employment with the Company is for Cause, or if you resign or terminate your employment, you will not be entitled to any severance pay.  As a condition to the receipt of the severance provided for herein, you will timely execute, return to the Company, and not revoke, if applicable, a release, in the form established by the Company and similar to the release attached hereto as Exhibit A, releasing the Company, and Company’s parent corporation, subsidiaries, affiliates, and

their respective shareholders, partners, officers, directors, managers, employees, attorneys and agents from any and all claims and from any and all causes of action of any kind or character including, but not limited to, all claims or causes of action arising out of your employment with Company or its affiliates or the separation of such employment, but excluding all claims to vested benefits and payments you may have under any compensation or benefit plan, program or arrangement, including this Agreement.

IN WITNESS WHEREOF, Employer and Employee have executed this Amendment effective as of the Effective Date.

Scott’s Liquid Gold-Inc.:

By: /s/ Mark E. Goldstein

Name: Mark E. Goldstein

Title:   President and Chief Executive Officer

Kevin A. Paprzycki:

/s/ Kevin A. Paprzycki

Kevin A. Paprzycki