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EXHIBIT 10.6

SECOND AMENDMENT TO THE
SCOTT'S LIQUID GOLD-INC.
EMPLOYEE STOCK OWNERSHIP PLAN

        1.     Recitals. Pursuant to corporate resolution, Scott's Liquid
Gold-Inc. wishes to revise the distribution provisions of the Scott's Liquid
Gold-Inc. Employee Stock Ownership Plan and Trust Agreement (the "Plan").

        2.     Amendment of Plan. The following amendments to the Plan are
adopted, effective as provided in Paragraph 3 below:

        A.    Section 6.6(c) of the Plan is deleted and replaced in its entirety
with the following:

        (c)   Calculation of Distribution. Effective January 1, 2003, for
purposes of determining required minimum distributions for calendar years
beginning with the 2003 calendar year, all distributions required under this
article will be determined and made in accordance with the final and temporary
Treasury regulations under Code Section 401(a)(9), including the minimum
incidental death benefit requirement of Code Section 401(a)(9)(G) and the
related regulations. (Treasury Regulation Section 1.401(a)(9)-2.)
Notwithstanding the other provisions of this article, distributions may be made
under a designation made before January 1, 1984, in accordance with
section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA) and
the provisions of the Plan that relate to TEFRA Section 242(b)(2). The
requirements of this section shall take precedence over any provisions of the
Plan inconsistent with Code Section 401(a)(9).

        (1)   Amount of Distributions During Participant's Lifetime. During the
Participant's lifetime, the minimum amount that will be distributed for each
Distribution Calendar Year is the lesser of:

        (A)  the quotient obtained by dividing the Participant's Account Balance
by the distribution period in the Uniform Lifetime Table set forth in Treasury
Regulations Section 1.401(a)(9)-9, using the Participant's age as of the
Participant's birthday in the Distribution Calendar Year; or

        (B)  if the Participant's sole Beneficiary for the Distribution Calendar
Year is the Participant's Spouse, the quotient obtained by dividing the
Participant's Account Balance by the number in the Joint and Last Survivor Table
set forth in Treasury Regulations Section 1.401(a)(9)-9, using the Participant's
and Spouse's attained ages as of the Participant's and Spouse's birthdays in the
Distribution Calendar Year.

        (2)   Amount of Distributions After Participant's Death. Required
minimum distributions will be determined under subsection (c)(2) beginning with
the first Distribution Calendar Year and up to and including the Distribution
Calendar Year that includes the Participant's date of death. Subsequent
distributions shall be determined under Section 6.7.

        (d)   Definitions. For purposes of this section and Section 6.7, the
following capitalized terms shall have the specified meanings:

        (1)   Designated Beneficiary: the individual who is designated as the
Beneficiary under Section 6.7(a) and is the designated beneficiary under Code
Section 401(a)(9) and Treasury Regulations Section 1.401(a)(9)-1, Q&A-4.

        (2)   Distribution Calendar Year: a calendar year for which a minimum
distribution is required. For distributions beginning before the Participant's
death, the first Distribution Calendar Year is the calendar year immediately
preceding the calendar year that contains

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the Participant's Required Beginning Date. For distributions beginning after the
Participant's death, the first Distribution Calendar Year is the calendar year
in which distributions are required to begin under subsection (b). The required
minimum distribution for the Participant's first Distribution Calendar Year will
be made on or before the Participant's Required Beginning Date. The required
minimum distribution for other Distribution Calendar Years, including the
required minimum distribution for the Distribution Calendar Year in which the
Participant's Required Beginning Date occurs, will be made on or before
December 31 of that Distribution Calendar Year.

        (3)   Life Expectancy: life expectancy as computed by use of the Single
Life Table in Treasury Regulations Section 1.401(a)(9)-9.

        (4)   Participant's Account Balance: the account balance as of the last
valuation date in the calendar year immediately preceding the Distribution
Calendar Year (valuation calendar year), increased by the amount of any
contributions made and allocated or forfeitures allocated to the account balance
as of dates in the valuation calendar year after the valuation date and
decreased by distributions made in the valuation calendar year after the
valuation date. The Account Balance for the valuation calendar year includes any
amounts rolled over or transferred to the Plan either in the valuation calendar
year or in the Distribution Calendar Year if distributed or transferred in the
valuation calendar year.

        B.    Section 6.7(b), (c) and (d) of the Plan are deleted and replaced
in their entirety with the following:

        (b)   Distributions Beginning Before Death.

        (A)  Participant Survived by Beneficiary. If the Participant dies on or
after the date distributions begin, the remaining Account Balance shall be
distributed at least as rapidly as under the method in use on the date of the
Participant's death. If the Participant dies on or after the date distributions
begin and there is a Beneficiary designated, the minimum amount that will be
distributed for each Distribution Calendar Year after the year of the
Participant's death is the quotient obtained by dividing the Participant's
Account Balance by the longer of the remaining Life Expectancy of the
Participant or the remaining Life Expectancy of the Participant's Beneficiary,
determined as follows:

        (i)    The Participant's remaining Life Expectancy is calculated using
the age of the Participant in the year of death, reduced by one for each
subsequent year.

        (ii)   If the Participant's Spouse is the Participant's sole
Beneficiary, the remaining Life Expectancy of the Spouse is calculated for each
Distribution Calendar Year after the year of the Participant's death using the
Spouse's age as of the Spouse's birthday in that year. For Distribution Calendar
Years after the year of the Spouse's death, the remaining Life Expectancy of the
Spouse is calculated using the age of the Spouse as of the Spouse's birthday in
the calendar year of the Spouse's death, reduced by one for each subsequent
calendar year.

        (iii)  If the Participant's Spouse is not the Participant's sole
Beneficiary, the Beneficiary's remaining Life Expectancy is calculated using the
age of the Beneficiary in the year following the year of the Participant's
death, reduced by one for each subsequent year.

        (B)  No Designated Beneficiary. If the Participant dies on or after the
date distributions begin and there is no Beneficiary designated as of
September 30 of the year after the year of the Participant's death, the minimum
amount that will be distributed for

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each Distribution Calendar Year after the year of the Participant's death is the
quotient obtained by dividing the Participant's Account Balance by the
Participant's remaining Life Expectancy calculated using the age of the
Participant in the year of death, reduced by one for each subsequent year.

        (c)   Distributions Beginning After Participant's Death. If the
Participant dies before distributions begin, the Participant's entire interest
will be distributed, regardless of whom is the Beneficiary designated or whether
there is a Beneficiary designated by December 31 of the calendar year containing
the fifth anniversary of the Participant's death. For purposes of this
subsection, distributions are considered to begin on the Participant's Required
Beginning Date. If the Participant's Spouse is the Participant's sole
Beneficiary, and the Spouse dies before distributions are required to begin to
the Spouse, this subsection will apply as if the Spouse were the Participant.

        3.     Effective Date. The Effective Date of this Second Amendment shall
be January 1, 2003, unless otherwise specified above.

        4.     Terms and Conditions of Plan. Except for the amendment(s) in
paragraph 2, all terms and conditions of the Plan are unamended and shall remain
in full force and effect.

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        5.     Execution. Scott's Liquid Gold-Inc. has executed this Second
Amendment as of this 22 day of December, 2003.

 
 
SCOTT'S LIQUID GOLD-INC.
Company
 
 
By:
 
/s/  JEFFRY B. JOHNSON      

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Jeffry B. Johnson, C.F.O. & Treasurer
 
 
Participating Employers
 
 
SLG CHEMICALS, INC.
 
 
By:
 
/s/  JEFFRY B. JOHNSON      

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Jeffry B. Johnson, C.F.O. & Treasurer
 
 
SLG PLASTICS, INC.
 
 
By:
 
/s/  JEFFRY B. JOHNSON      

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Jeffry B. Johnson, C.F.O. & Treasurer
 
 
SLG TOUCH-A-LITE, INC.
 
 
By:
 
/s/  JEFFRY B. JOHNSON      

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Jeffry B. Johnson, C.F.O. & Treasurer
 
 
ADVERTISING PROMOTIONS INCORPORATED
 
 
By:
 
/s/  JEFFRY B. JOHNSON      

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Jeffry B. Johnson, C.F.O. & Treasurer
 
 
NEOTERIC COSMETICS, INC.
 
 
By:
 
/s/  JEFFRY B. JOHNSON      

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Jeffry B. Johnson, C.F.O. & Treasurer

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SECOND AMENDMENT TO THE SCOTT'S LIQUID GOLD-INC. EMPLOYEE STOCK OWNERSHIP PLAN