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                                                                    EXHIBIT 10.6

                           HILLMAN INVESTMENT COMPANY
                        EMPLOYEE SECURITIES PURCHASE PLAN

                                   ARTICLE 1

                                 PURPOSE OF PLAN

                  This Employee Securities Purchase Plan (this "Plan") of
Hillman Investment Company, a Delaware corporation (the "Company"), adopted by
the Board of Directors of the Company on March 31, 2004, is for certain
executives and other key employees of the Company and its subsidiaries and is
intended to foster and promote the long-term financial success of the Company
and its subsidiaries and materially increase stockholder value by (a) motivating
superior performance by encouraging and providing for the acquisition of an
ownership interest in the Company by executives and employees and (b) enabling
the Company's subsidiaries to attract and retain the services of an outstanding
management team upon whose judgment, interest and special effort the successful
conduct of its operations is largely dependent. The Plan became effective as of
the date of approval by the Board of Directors set forth above and, unless
sooner terminated pursuant to the terms hereof, the Plan shall terminate on
March 31, 2014 (the "Termination Date").

                  All securities purchased under the Plan are intended to
qualify for an exemption (the "Exemptions") from the registration requirements
(i) under the Securities Act of 1933, as amended (the "Act"), pursuant to Rule
701 of the Act and (ii) under applicable state securities laws. In the event
that any provision of the Plan would cause any securities purchased under the
Plan to not qualify for any Exemptions, the Plan shall be deemed automatically
amended to the extent necessary to cause all securities purchased under the Plan
to qualify for such Exemptions.

                                    ARTICLE 2

                                   DEFINITIONS

                  2.1      Definitions. Whenever used herein, the following
terms shall have the respective meanings set forth below:

                  2.2      "Board" means the Board of Directors of the Company.

                  2.3      "Class A Preferred Stock" means the Company's Class A
Preferred Stock, par value $0.01 per share.

                  2.4      "Committee" means the compensation committee of the
Board.

                  2.5      "Employee" means any present or future officer or
other key employee of the Company, its parents or its subsidiaries, as may be
selected in the sole discretion of the Committee.

                  2.6      "Executive Securities" means any Options and the
shares of Class A Preferred Stock issued upon exercise thereof issued under this
Plan.

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                  2.7      "Participant" means an Employee, selected by the
Committee in its sole discretion, who purchases Executive Securities under this
Plan.

                  2.8      "Plan" means this Hillman Investment Company Employee
Securities Purchase Plan, as set forth herein and as the same may be amended
from time to time in accordance with its terms.

                  2.9      "Stockholders Agreement" means the Stockholders
Agreement, dated as of March 31, 2004, among the Company and its stockholders,
as amended from time to time in accordance with its terms.

                  2.10     Gender and Number. Except when otherwise indicated by
the context, words in the masculine gender used in the Plan shall include the
feminine gender, the singular shall include the plural and the plural shall
include the singular.

                                   ARTICLE 3

                          ELIGIBILITY AND PARTICIPATION

                  Only those Employees who are selected by the Committee in its
sole discretion may participate in this Plan.

                                   ARTICLE 4

                                 ADMINISTRATION

                  4.1      Power to Sell Securities and Establish Terms. The
Committee shall have the discretionary power and authority to sell to any
Employee any Executive Securities at any time prior to the termination of this
Plan in such quantity, at such price, on such terms and subject to such
conditions that are consistent with this Plan and established by the Committee.
Executive Securities sold under this Plan shall be subject to such terms of, and
evidenced by, an Executive Securities Agreement (as defined below).

                  4.2      Administration. The Committee shall be responsible
for the administration of this Plan. The Committee shall have discretionary
power and authority to prescribe, amend and rescind rules, procedures and
regulations relating to this Plan, to provide for conditions deemed necessary or
advisable to protect the interests of the Company, to interpret this Plan and to
make all other determinations necessary or advisable for the administration and
interpretation of this Plan and to carry out its provisions and purposes.
Determinations, interpretations or other actions made or taken by the Committee
in good faith pursuant to the provisions of this Plan shall be final, binding
and conclusive for all purposes and upon all persons and shall be given
deference in any proceeding with respect thereto. The Committee may consult with
legal counsel, who may be counsel to the Company, and shall not incur any
liability for any action taken in good faith.

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                                   ARTICLE 5

                           SECURITIES SUBJECT TO PLAN

                  5.1      Options to Purchase Shares of Class A Preferred
Stock. Options to purchase shares of Class A Preferred Stock may be granted
under this Plan (the "Options"), and the aggregate number of shares of Class A
Preferred Stock with respect to which the Options may be granted and which may
be issued upon the exercise thereof shall not exceed 4,836 shares.

                  5.2      Stockholders Agreement. All of the Executive
Securities issued under this Plan shall be, in all respects, subject to the
terms of the Stockholders Agreement.

                                   ARTICLE 6

                              SECURITIES OFFERINGS

                  6.1      Sale of Securities. The Executive Securities may be
sold to Participants at such time or times as shall be determined by the
Committee. The Committee shall determine the number of Executive Securities, if
any, to be offered for sale to a Participant. Each sale shall be evidenced by an
executive securities agreement (the "Executive Securities Agreement") that shall
be in substantially the form of the Executive Securities Agreement attached
hereto as Exhibit A, subject to such changes not inconsistent with this Plan as
the Committee shall determine, in its good faith judgment, to be equitable and
appropriate.

                  6.2      Offering Terms. All Executive Securities sold under
this Plan shall be sold on the terms set forth in the Executive Securities
Agreement.

                  6.3      Repurchase of Securities. Any Executive Securities
granted hereunder shall be subject to the repurchase rights set forth in the
Executive Securities Agreement.

                                   ARTICLE 7

                AMENDMENT, MODIFICATION, AND TERMINATION OF PLAN

                  The Committee may at any time terminate or suspend this Plan
and from time to time amend or modify this Plan, except that it may not, without
further approval by Code Hennessy & Simmons IV LP, in its capacity as a
stockholder and, for so long as Ontario Teachers' Pension Plan Board, an Ontario
corporation ("Teachers"), owns Stockholder Shares (as defined in the
Stockholders Agreement) and shares of Hillman Common Stock (as defined in the
Stockholders Agreement) and Hillman Preferred Stock (as defined in the
Stockholders Agreement) with an aggregate Original Cost (as defined in the
Stockholders Agreement) to Teachers of at least $25,000,000, Teachers, (a)
increase the maximum number of Executive Securities available for issuance under
this Plan or (b) extend the term of this Plan. No Executive Securities shall be
issued hereunder after the Termination Date or the termination of this Plan by
the Committee, whichever is earlier.

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                                   ARTICLE 8

                            MISCELLANEOUS PROVISIONS

                  8.1      Nontransferability of Securities. The Executive
Securities purchased under this Plan may not be sold, transferred, pledged,
assigned or otherwise alienated or hypothecated unless in accordance with such
Participant's Executive Securities Agreement.

                  8.2      No Guarantee of Employment or Participation. Nothing
in this Plan shall interfere with or limit in any way the right of the Company
to terminate any Participant's employment at any time, nor confer upon any
Participant any right to continue in the employ of the Company. No Employee
shall have a right to be selected as a Participant, or, having been so selected,
to receive any future invitations to purchase additional Executive Securities.

                  8.3      Indemnification. Each person who is or shall have
been a member of the Board or the Committee shall be indemnified and held
harmless by the Company against and from any loss, cost, liability or expense
that may be imposed upon or reasonably incurred by him in connection with or
resulting from any claim, action, suit or proceeding to which he may be made a
party or in which he may be involved by reason of any action taken or failure to
act under this Plan and against and from any and all amounts paid by him in
settlement thereof, with the Company's approval, or paid by him in satisfaction
of any judgment in any such action, suit or proceeding against him, provided he
shall give the Company an opportunity, at its own expense, to handle and defend
the same before he undertakes to handle and defend it on his own behalf. The
foregoing right of indemnification shall not be exclusive and shall be
independent of any other rights of indemnification to which such persons may be
entitled under the Limited Liability Agreement of the Company (as in effect at
the time of the initiation of the claim, action, suit or proceeding giving rise
to the right of indemnification), by contract, as a matter of law or otherwise.

                  8.4      No Limitation on Compensation. Nothing in this Plan
shall be construed to limit the right of the Company to establish other plans or
to pay compensation to its Employees in cash or property.

                  8.5      Requirements of Law. The issuance of the Executive
Securities shall be subject to all applicable laws, rules, and regulations and
to such approvals by any governmental agencies or national securities exchanges
as may be required.

                  8.6      Governing Law. This Plan shall be construed in
accordance with and governed by the laws of the State of Delaware.

                  8.7      Securities Law Compliance. Instruments evidencing the
sale and issuance of Executive Securities may contain such other provisions, not
inconsistent with this Plan, as the Committee deems advisable, including a
requirement that the Participant represent to the Company in writing when he
receives Executive Securities that he is acquiring such Executive Securities
(unless they are then covered by an effective registration statement filed under
the Act) for his own account for investment only and with no present intention
to transfer, sell or otherwise dispose of such Executive Securities except such
disposition by a legal representative as shall be required by will or the laws
of any jurisdiction in winding up the estate of the

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Participant. Such Executive Securities shall be transferable only if the
proposed transfer shall be permissible pursuant to this Plan, the Executive
Securities Agreement and if, in the opinion of counsel satisfactory to the
Company, such transfer at such time will be in compliance with all applicable
securities laws.

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                                    EXHIBIT A

                [FORM OF EXECUTIVE SECURITIES AGREEMENT ATTACHED]

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