|  Principal | Loan      Date  | Maturity    | Loan      No  | Call      / Coll                  | Account  | Officer   | Initials  |
|-----------------|----------------------|------------------|---------------|----------------------------------------|---------------|---------------------|----------------|
|  $600,000  | 06-10-2009      | 06-10-2014  | 1764000  |            23 |          | GSS            |           |

| _____________________________________________________________________________________________________________________________________________________________________________ References in      the boxes above are for Lender's use only and do not limit the      applicability of this document to any particular loan oritem.Any item above containing      "***" has been omitted due to text length limitations._____________________________________________________________________________________________________________________________________________________________________________ |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Borrower:     | Champion      Industries, Inc.2450 1st      AvenueHuntington, WV         | Lender: | FIRST      SENTRY BANKP.O. BOX 2107823 8TH STREETHUNTINGTON, WV25721 |
|-----------------------------------|------------------------------------------------------------------------------------|---------|----------------------------------------------------------------------|

| Principal      Amount: $600,000 | Date      of Note: June 10, 2009  |
|---------------------------------|----------------------------------------|

|   | Payment      Default. Borrower fails to make any payment when due under this      Note.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Other      Defaults. Borrower fails to comply with or to perform any other      term, obligation, covenant or condition contained in this Note or in any      of the related documents or to comply with or to perform any term,      obligation, covenant or condition contained in any other agreement between      Lender and Borrower.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | False      Statements. Any warranty, representation or statement made or      furnished to Lender by Borrower or on Borrower’s behalf under this Note or      the related documents is false or misleading in any material respect,      either now or at the time made or furnished or becomes false or misleading      at any time thereafter.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | Insolvency.      The dissolution or termination of Borrower’s existence as a going      business, the insolvency of Borrower, the appointment of a receiver for      any part of Borrower’s property, any assignment for the benefit of      creditors, any type of creditor workout or the commencement of any      proceeding under any bankruptcy or insolvency laws by or against      Borrower.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Creditor or      Forfeiture Proceedings. Commencement of foreclosure or forfeiture      proceedings, whether by judicial proceeding, self-help, repossession or      any other method, by any creditor of Borrower or by any governmental      agency against any collateral securing the loan. This includes a      garnishment of any of Borrower’s accounts, including deposit accounts,      with Lender. However, this Event of Default shall not apply if there is a      good faith dispute by Borrower as to the validity or reasonableness of the      claim which is the basis of the creditor or forfeiture proceeding and if      Borrower gives Lender written notice of the creditor or forfeiture      proceeding and deposits with Lender monies or a surety bond for the      creditor or forfeiture proceeding, in an amount determined by Lender, in      its sole discretion, as being an adequate reserve or bond for the      dispute.  |
|   | Events Affecting      Guarantor. Any of the preceding events occurs with respect to any      guarantor, endorser, surety, or accommodation party of any of the      indebtedness or any guarantor, endorser, surety, or accommodation party      dies or becomes incompetent, or revokes or disputes the validity of, or      liability under, any guaranty of the indebtedness evidenced by this      Note.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | Change In      Ownership. Any change in ownership of twenty-five percent (25%) or      more of the common stock of Borrower.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | Adverse      Change. A material adverse change occurs in Borrower’s financial      condition, or Lender believes the prospect of payment or performance of      this Note is impaired.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | Cure      Provisions. If any default, other than a default in payment is      curable and if Borrower has not been given a notice of a breach of the      same provision of this Note within the preceding twelve (12) months, it      may be cured if Borrower, after receiving written notice from Lender      demanding cure of such default: (1) cures the default within ten (10)      days; or (2) if the cure requires more than ten (10) days, immediately      initiates steps which Lender deems in Lender’s sole discretion to be      sufficient to cure the default and thereafter continues and completes all      reasonable and necessary steps sufficient to produce compliance as soon as      reasonably practical.                                                                                                                                                                                                                             |