EXHIBIT 10.3
ASSET PURCHASE AGREEMENT
This Asset Purchase Agreement (this “Agreement”), dated as of June 30, 2023 (the “Effective Date”), is by and among Alpha Skin LLC, a New York limited liability company (“Buyer”), Neoteric Cosmetics, Inc., a corporation organized and existing under the laws of the State of Colorado (“Seller” or a “Seller Group Member”), and for the limited purposes stated herein, Scott’s Liquid Gold-Inc., a Colorado corporation (“SLG” or a “Seller Group Member”). Buyer and Seller (and for the limited purposes stated herein, SLG) shall be collectively referred to herein as the “Parties” and, each, individually, a “Party.”
RECITALS
NOW, THEREFORE, in consideration of the promises and for other good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, the Parties, intending to be legally bound hereby, agree as follows.
AGREEMENT
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If to Seller or SLG: | Scott’s Liquid Gold-Inc. 8400 E. Crescent Parkway, Suite 450 Greenwood Village, CO 80111 Attention: Chief Financial Officer E-mail: darndt@slginc.com
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with a copy (which shall not be deemed notice) to: | Holland & Hart LLP 555 17th Street Denver, CO 80202 Attention: Amy L. Bowler, Esq. E-mail: abowler@hollandhart.com
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If to Buyer: | Alpha Skin LLC 15 Holt Drive Stony Point, NY 10980 Attention: Joe Indig, CEO Email: joe@silberequity.com
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with a copy (which shall not be deemed notice) to: | Krieger & Prager, LLP 39 Broadway, Suite 920 New York, NY 10006 Attention: Samuel Krieger, Esq. Email: skrieger@kplawfirm.com
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[Remainder of page intentionally left blank; Signatures on following page]
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IN WITNESS WHEREOF, the Parties hereto have caused this Asset Purchase Agreement to be executed as of the Effective Date by their respective officers thereunto duly authorized.
“SELLER”
Neoteric Cosmetics, Inc.
By: /s/ Tisha Pedrazzini
Printed Name: Tisha Pedrazzini
Title: President
“SLG”
Scott’s Liquid Gold-Inc.
By: /s/ Tisha Pedrazzini
Printed Name: Tisha Pedrazzini
Title: President
“BUYER”
ALPHA SKIN LLC
By: /s/ Joseph Indig
Printed Name: Joseph Indig
Title: CEO
Signature Page to Asset Purchase Agreement