SCOTT'S LIQUID GOLD-INC.
This Agreement is made and entered into as of July 12, 2000 between Scott's Liquid Gold-Inc., a Colorado
corporation (the "Corporation"), and Jeffrey R. Hinkle of Denver, Colorado ("Director").
A. At the request of the Corporation, Director currently serves as a director of the Corporation (as defined
below), as well as an officer of the Corporation. As such, Director may be subjected to claims, suits or
B. Director has indicated that it was and is a condition of Director's acceptance and continuing in such service
that, among other things, the Corporation agrees to indemnify Director against liabilities, expenses and costs
incurred in connection with any such claims, suits or proceedings, in accordance with, and to the fullest extent
permitted by, the Colorado Business Corporation Act; and
C. The Corporation's Articles of Incorporation and the Colorado Business Corporation Act contemplate that
contracts may be made between the Corporation and members of its Board of Directors and officers with
respect to indemnification.
Now, therefore, in consideration of Director's acceptance and continuation of service as a director and continued
service as an officer after the date of this Agreement, and in consideration of the mutual covenants stated herein,
the parties agree as follows:
1. DEFINITIONS. As used in this Agreement, the following terms have the following meanings:
(a) ACT. The term "Act" means the Colorado Business Corporation Act as it exists on the date of this
Agreement and as it may be hereafter amended from time to time. In the case of any amendment of the Colorado
Business Corporation Act after the date of this Agreement, when used in reference to an act or omission
occurring prior to effectiveness of such amendment, the term "Act" shall include such amendment only to the
extent that the amendment permits the Corporation to provide broader indemnification rights than the C