Document:

exhibit4_1.htm

    
      

    

     

    Exhibit
      4.1

    
 

    Execution
      Copy

    

    
      
        
          

        

    

     

    Cabela’s
      Incorporated

    Cabela’s
      Catalog, Inc.

    Cabela’s
      Retail, Inc.

    Cabela’s
      Outdoor Adventures, Inc.

    Cabelas.com,
      Inc.

    Cabela’s
      Wholesale, Inc.

    Cabela’s
      Ventures, Inc.

    Wild
      Wings, LLC

    Cabela’s
      Lodging, LLC

    Van
      Dyke
      Supply Company, Inc.

    Cabela’s
      Marketing and Brand Management, Inc.

    Cabela’s
      Retail LA, LLC

    Cabela’s
      Trophy Properties, LLC

     Original
      Creations, LLC

    Cabela’s
      Retail TX, L.P.

    Cabela’s
      Retail GP, LLC

    Legacy
      Trading Company

    CRLP,
      LLC

    Cabela’s
      Retail MO, LLC

    Cabela’s
      Retail IL, Inc.

    

    

    

    First
      Supplement to Note Purchase Agreement

    

    

    Dated
      as
      of June 15, 2007

    

     

    
      	
               Re: 

            	 	 $60,000,000
              6.08% Series 2007-A Senior Notes

    

                                                                                                      

    Due
      June 15, 2017

    

    

    
      
        
          

        

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Cabela’s
      Incorporated

    Cabela’s
      Catalog, Inc.

    Cabela’s
      Retail, Inc.

    Cabela’s
      Outdoor Adventures, Inc.

    Cabelas.com,
      Inc.

    Cabela’s
      Wholesale, Inc.

    Cabela’s
      Ventures, Inc.

    Wild
      Wings, LLC

    Cabela’s
      Lodging, LLC

    Van
      Dyke
      Supply Company, Inc.

    Cabela’s
      Marketing and Brand Management, Inc.

    Cabela’s
      Retail LA, LLC

    Cabela’s
      Trophy Properties, LLC

     Original
      Creations, LLC

    Cabela’s
      Retail TX, L.P.

    Cabela’s
      Retail GP, LLC

    Legacy
      Trading Company

    CRLP,
      LLC

    Cabela’s
      Retail MO, LLC

    Cabela’s
      Retail IL, Inc.

    

    

    Dated
      as
      of

    June 15,
      2007

    

    To
      the
      Purchaser(s) named in

    Schedule A
      hereto

    

     

    Ladies
      and Gentlemen:

     

    This
      First Supplement to Note Purchase Agreement (the “First Supplement”) is
      among (i) Cabela’s Incorporated, a Delaware corporation (the
“Company”), (ii) Cabela’s Catalog, Inc., a Nebraska corporation
      (“Catalog”), (iii) Cabela’s Retail, Inc., a Nebraska corporation
      (“Retail”), (iv) Cabela’s Outdoor Adventures, Inc., a Nebraska
      corporation (“Adventures”), (v) Cabelas.com, Inc., a Nebraska
      corporation (“Cabelas.com”), (vi) Cabela’s Wholesale, Inc., a
      Nebraska corporation (“Wholesale”), (vii) Cabela’s Ventures, Inc.,
      a Nebraska corporation (“Ventures”), (viii) Wild Wings, LLC, a
      Minnesota limited liability company (“Wild Wings”), (ix) Cabela’s
      Lodging, LLC, a Nebraska limited liability company (“Lodging”),
      (x) Van Dyke Supply Company, Inc., a South Dakota corporation (“Van
      Dyke”), (xi) Cabela’s Marketing and Brand Management, Inc., a Nebraska
      corporation (“Marketing”), (xii) Cabela’s Retail LA, LLC, a
      Nebraska limited liability company (“Retail LA”), (xiii) Cabela’s
      Trophy Properties, LLC, a Nebraska limited liability company
      (“Trophy”), (xiv) Original Creations, LLC, a Minnesota limited
      liability company (“Creations”), (xv) Cabela’s Retail TX, L.P., a
      Nebraska limited partnership (“Retail TX”), (xvi) Cabela’s Retail
      GP, LLC, a Nebraska limited liability company (“Retail GP”),
      (xvii) Legacy Trading Company, a South Dakota corporation
      (“Legacy”), (xviii) CRLP, LLC, a Nebraska limited liability
      company (“CRLP”), (xix) Cabela’s Retail MO, LLC, a Nebraska
      limited liability company (“Retail MO”), and (xx) Cabela’s Retail IL,
      Inc., an Illinois corporation (“Retail Illinois,” and, together with
      the Company, Catalog, Retail, Adventures, Cabelas.com, Wholesale, Ventures,
      Wild
      Wings, Lodging, Van Dyke, Marketing, Retail LA, Trophy, Creations, Retail TX,
      Retail GP, Legacy, CRLP, Retail MO and Retail Illinois are individually referred
      to as an “Obligor” and collectively as the “Obligors”) and the
      institutional investors named on Schedule A attached hereto (the
“Purchasers”).

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    Reference
      is hereby made to the Note Purchase Agreements dated as of February 27,
      2006 (the “Note Purchase Agreements”) among the Obligors and the
      purchasers listed on Schedule A thereto.  All capitalized terms
      not otherwise defined herein shall have the same meaning as specified in the
      Note Purchase Agreement.  Reference is further made to
      Section 4.13 of the Note Purchase Agreement which requires that, prior to
      the delivery of any Additional Notes, the Obligors and each Additional Purchaser
      shall execute and deliver a Supplement.

     

    Each
      Obligor hereby jointly and severally agrees with the Purchaser(s) as
      follows:

     

        Section 1.    Each
      Obligor has authorized the issue and sale of $60,000,000 aggregate principal
      amount of its 6.08% Series 2007-A Senior Notes due June 15, 2017 (the
“Series 2007-A Notes”).  The Series 2007-A Notes,
      together with the Series 2006-A Notes initially issued pursuant to the Note
      Purchase Agreement and each series of Additional Notes which may from time
      to
      time hereafter be issued pursuant to the provisions of Section 2.2 of the
      Note Purchase Agreement, are collectively referred to as the “Notes”
      (such term shall also include any such notes issued in substitution therefor
      pursuant to Section 13 of the Note Purchase Agreement).  The
      Series 2007-A Notes shall be substantially in the form set out in
      Exhibit 1 hereto with such changes therefrom, if any, as may be approved by
      the Purchaser(s) and the Obligors.  

     

        Section 2.    Subject
      to
      the terms and conditions hereof and as set forth in the Note Purchase Agreement
      and on the basis of the representations and warranties hereinafter set forth,
      the Obligors agree to issue and sell to each Purchaser, and each Purchaser
      agrees to purchase from the Obligors, Series 2007-A Notes in the principal
      amount set forth opposite such Purchaser’s name on Schedule A hereto at a
      price of 100% of the principal amount thereof on the closing date hereafter
      mentioned.

     

        Section 3.    The
      sale
      and purchase of the Series 2007-A Notes to be purchased by each Purchaser
      shall occur at the offices of Chapman and Cutler LLP, 111 West Monroe Street,
      Chicago, Illinois 60603, at 10:00 a.m. Chicago time, at a closing (the
“Closing”) on June 15, 2007 or on such other Business Day
      thereafter on or prior to June 18, 2007 as may be agreed upon by the
      Company and the Purchasers.  At the Closing, the Obligors will deliver
      to each Purchaser the Series 2007-A Notes to be purchased by such Purchaser
      in the form of a single Series 2007-A Note (or such greater number of
      Series 2007-A Notes in denominations of at least $100,000 as such Purchaser
      may request) dated the date of the Closing and registered in such Purchaser’s
      name (or in the name of such Purchaser’s nominee), against delivery by such
      Purchaser to the Obligors or their order of immediately available funds in
      the
      amount of the purchase price therefor by wire transfer of immediately available
      funds for the account of the Company to account number 149401303867 at US Bank,
      233 South 13th Street, Lincoln, Nebraska  68508, ABA No. 104000029,
      Swift Code:  USBKUS441MT, Account Name:  Cabela’s
      Inc.  If, at the Closing, the Obligors shall fail to tender such
      Series 2007-A Notes to any Purchaser as provided above in this
      Section 3, or any of the conditions specified in Section 4 shall not
      have been fulfilled to any Purchaser’s satisfaction, such Purchaser shall, at
      such Purchaser’s election, be relieved of all further obligations under this
      Agreement, without thereby waiving any rights such Purchaser may have by reason
      of such failure or such nonfulfillment.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

        Section 4.    The
      obligation of each Purchaser to purchase and pay for the Series 2007-A
      Notes to be sold to such Purchaser at the Closing is subject to the fulfillment
      to such Purchaser’s satisfaction, prior to the Closing, of the conditions set
      forth in Section 4 of the Note Purchase Agreement with respect to the
      Series 2007-A Notes to be purchased at the Closing, and to the following
      additional conditions:

     

        (a)    Except
      as
      supplemented, amended or superceded by the representations and warranties set
      forth in Exhibit A hereto, each of the representations and warranties of
      the Obligors set forth in Section 5 of the Note Purchase Agreement shall be
      correct as of the date of Closing and the Obligors shall have delivered to
      each
      Purchaser an Officer’s Certificate, dated the date of the Closing certifying
      that such condition has been fulfilled.

     

        (b)    Contemporaneously
      with the Closing, the Obligors shall sell to each Purchaser, and each Purchaser
      shall purchase, the Series 2007-A Notes to be purchased by such Purchaser
      at the Closing as specified in Schedule A.

     

        Section 5.    Maturity.  As
      provided therein, the entire unpaid principal balance of the Series 2007-A
      Notes
      shall be due and payable on the stated maturity date thereof.

     

        Section
      6.    Optional Prepayments
      with Make-Whole Amount.  The Obligors may, at their option, upon
      notice as provided below, prepay at any time all, or from time to time any
      part
      of, the Series 2007-A Notes, in an amount not less than 5% of the aggregate
      principal amount of the Series 2007-A Notes then outstanding in the case of
      a partial prepayment, at 100% of the principal amount so prepaid, together
      with
      interest accrued thereon to the date of such prepayment, plus the Make-Whole
      Amount determined for the prepayment date with respect to such principal
      amount.  The Company will give each holder of Series 2007-A Notes
      written notice of each optional prepayment under this Section 6 not less
      than 30 days and not more than 60 days prior to the date fixed for such
      prepayment.  Each such notice shall specify such date (which shall be
      a Business Day), the aggregate principal amount of the Series 2007-A Notes
      to be prepaid on such date, the principal amount of each Series 2007-A Note
      held by such holder to be prepaid (determined in accordance with Section 7
      of this First Supplement), and the interest to be paid on the prepayment date
      with respect to such principal amount being prepaid, and shall be accompanied
      by
      a certificate of a Senior Financial Officer as to the estimated Make-Whole
      Amount due in connection with such prepayment (calculated as if the date of
      such
      notice were the
      date
      of the prepayment), setting forth the details of such
      computation.  Two Business Days prior to such prepayment, the Company
      shall deliver to each holder of Series 2007-A Notes a certificate of a
      Senior Financial Officer specifying the calculation of such Make-Whole Amount
      as
      of the specified prepayment date.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

        Section 7.    Allocation
      of
      Partial Prepayments for Series 2007-A Notes.  In the case of each
      partial prepayment of the Series 2007-A Notes pursuant to Section 6 of
      this First Supplement, the principal amount of the Series 2007-A Notes to
      be prepaid shall be allocated among all of the Series 2007-A Notes at the
      time outstanding in proportion, as nearly as practicable, to the respective
      unpaid principal amounts thereof.

     

        Section
      8.    Maturity; Surrender,
      etc.  In the case of each prepayment of Series 2007-A Notes
      pursuant to Section 6 of this First Supplement the principal amount of each
      Series 2007-A Note to be prepaid shall mature and become due and payable on
      the date fixed for such prepayment (which shall be a  Business Day),
      together with interest on such principal amount accrued to such date and the
      applicable Make-Whole Amount, if any.  From and after such date,
      unless the Obligors shall fail to pay such principal amount when so due and
      payable, together with the interest and Make-Whole Amount, if any, as aforesaid,
      interest on such principal amount shall cease to accrue.  Any
      Series 2007-A Note paid or prepaid in full shall be surrendered to the
      Obligors and cancelled and shall not be reissued, and no Series 2007-A Note
      shall be issued in lieu of any prepaid principal amount of any
      Series 2007-A Note.

     

        Section 9.    Purchase
      of
      Series 2007-A Notes.  The Obligors will not and will not permit
      any Affiliate to purchase, redeem, prepay or otherwise acquire, directly or
      indirectly, any of the outstanding Series 2007-A Notes except upon the payment
      or prepayment of the Series 2007-A Notes in accordance with the terms of the
      Note Purchase Agreement and the Series 2007-A Notes.  The Obligors
      will promptly cancel all Series 2007-A Notes acquired by them or any Affiliate
      pursuant to any payment, prepayment or purchase of Series 2007-A Notes pursuant
      to any provision of the Note Purchase Agreement and no Series 2007-A Notes
      may
      be issued in substitution or exchange for any such Series 2007-A
      Notes.

     

        Section 10.    Make-Whole
      Amount.  The term “Make-Whole Amount” means, with
      respect to any Series 2007-A Note, an amount equal to the excess, if any,
      of the Discounted Value of the Remaining Scheduled Payments with respect to
      the
      Called Principal of such Series 2007-A Note over the amount of such Called
      Principal, provided that the Make-Whole Amount may in no event be less
      than zero.  For the purposes of determining the Make-Whole Amount, the
      following terms have the following meanings:

     

    “Called
      Principal” means, with respect to any Series 2007-A Note, the
      principal of such Series 2007-A Note that is to be prepaid pursuant to
      Section 6 of this First Supplement or has become or is declared to be
      immediately due and payable pursuant to Section 12.1 of the Note Purchase
      Agreement, as the context requires.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Discounted
      Value” means, with respect to the Called Principal of any
      Series 2007-A Note, the amount obtained by discounting all Remaining
      Scheduled Payments with respect to such Called Principal from their respective
      scheduled due dates to the Settlement Date with respect to such Called
      Principal, in accordance with accepted financial practice and at a discount
      factor (applied on the same periodic basis as that on which interest on the
      Series 2007-A Notes is payable) equal to the Reinvestment Yield with
      respect to such Called Principal.

     

    “Reinvestment
      Yield” means, with respect to the Called Principal of any
      Series 2007-A Note, .50% over the yield to maturity implied by (i) the
      yields reported, as of 10:00 A.M. (New York City time) on the second Business
      Day preceding the Settlement Date with respect to such Called Principal, on
      the
      display designated as “Page PX1” (or such other display as may replace Page
      PX1) on Bloomberg Financial Markets for the most recently issued actively traded
      on the run U.S. Treasury securities having a maturity equal to the Remaining
      Average Life of such Called Principal as of such Settlement Date, or
      (ii) if such yields are not reported as of such time or the yields reported
      as of such time are not ascertainable (including by way of interpolation),
      the
      Treasury Constant Maturity Series Yields reported, for the latest day for which
      such yields have been so reported as of the second Business Day preceding the
      Settlement Date with respect to such Called Principal, in Federal Reserve
      Statistical Release H.15 (or any comparable successor publication) for U.S.
      Treasury securities having a constant maturity equal to the Remaining Average
      Life of such Called Principal as of such Settlement Date.  In the case
      of determination under clause (i) or clause (ii), as the case may be,
      of the preceding paragraph, such implied yield will be determined, if necessary,
      by (a) converting U.S. Treasury bill quotations to bond-equivalent yields
      in accordance with accepted financial practice and (b) interpolating
      linearly between (1) the U.S. Treasury security with the maturity closest
      to and greater than such Remaining Average Life and (2) the U.S. Treasury
      security with the maturity closest to and less than such Remaining Average
      Life.  The Reinvestment Yield shall be rounded to the number of
      decimal places as appears in the interest rate of the applicable
      Series 2007-A Note.

     

    “Remaining
      Average Life” means, with respect to any Called Principal, the number of
      years (calculated to the nearest one-twelfth year) obtained by dividing
      (i) such Called Principal into (ii) the sum of the products obtained
      by multiplying (a) the principal component of each Remaining Scheduled
      Payment with respect to such Called Principal by (b) the number of years
      (calculated to the nearest one-twelfth year) that will elapse between the
      Settlement Date with respect to such Called Principal and the scheduled due
      date
      of such Remaining Scheduled Payment.

     

    “Remaining
      Scheduled Payments” means, with respect to the Called Principal of any
      Series 2007-A Note, all payments of such Called Principal and interest
      thereon that would be due after the Settlement Date with respect to such Called
      Principal if no payment of such Called Principal were made prior to its
      scheduled due date, provided that if such Settlement Date is not a date
      on which interest payments are due to be made under the terms of the
      Series 2007-A Notes, then the amount of the next succeeding scheduled interest
      payment will be reduced by the amount of interest accrued to such Settlement
      Date and required to be paid on such Settlement Date pursuant to Section 6
      of this First Supplement or Section 12.1 of the Note Purchase
      Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    “Settlement
      Date” means, with respect to the Called Principal of any Series 2007-A
      Note, the date on which such Called Principal is to be prepaid pursuant to
      Section 6 of this First Supplement or has become or is declared to be
      immediately due and payable pursuant to Section 12.1 of the Note Purchase
      Agreement, as the context requires.

     

        Section 11.    Each
      Purchaser represents and warrants that the representations and warranties set
      forth in Section 6 of the Note Purchase Agreement are true and correct on
      the date hereof with respect to the purchase of the Series 2007-A Notes by
      such Purchaser.

     

        Section 12.    The
      Obligors and each Purchaser agree to be bound by and comply with the terms
      and
      provisions of the Note Purchase Agreement as fully and completely as if such
      Purchaser were an original signatory to the Note Purchase
      Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    The
      execution hereof shall constitute a contract between the Obligors and the
      Purchasers for the uses and purposes hereinabove set forth, and this agreement
      may be executed in any number of counterparts, each executed counterpart
      constituting an original but all together only one agreement.

    

    
      	 	
              Cabela’s
                Incorporated

              Cabela’s
                Catalog, Inc.

              Cabela’s
                Retail, Inc.

              Cabela’s
                Outdoor Adventures, Inc.

              Cabelas.com,
                Inc.

              Cabela’s
                Wholesale, Inc.

              Cabela’s
                Ventures, Inc.

              Wild
                Wings, LLC

              Cabela’s
                Lodging, LLC

              Cabela’s
                Marketing and Brand Management, Inc. Cabela’s Retail LA, LLC

              Original
                Creations, LLC

              Cabela’s
                Trophy Properties, LLC

              Cabela’s
                Retail GP, LLC

              Legacy
                Trading Company

              CRLP,
                LLC

              Cabela’s
                Retail MO, LLC

              Cabela’s
                Retail IL, Inc.

            
	 
	 	
              By:

            	
              /s/
                Ralph W. Castner

            
	 	
              Name:

            	
              Ralph
                W. Castner

            
	 	
              Title:

            	
              Vice
                President, CFO, Secretary or Treasurer

            
	 
	 	
              Cabela’s
                Retail TX, L.P.

            
	 
	 	
              By:

            	
              Cabela’s
                Retail GP, LLC

            
	 	
              Its:

            	
              General
                Partner

            
	 
	 	
              By:

            	
              /s/
                Ralph W. Castner

            
	 	
              Name:

            	
              Ralph
                W. Castner

            
	 	
              Title:

            	
              Secretary
                and Treasurer

            
	 
	 	
              Van
                Dyke Supply Company, Inc.

            
	 
	 	
              By:

            	
              /s/  Gregg
                Severinson

            
	 	
              Name:

            	
              Gregg
                Severinson

            
	 	
              Title:

            	
              Vice
                President

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	
              Accepted
                as of June 15, 2007

            	 
	 	
              Metropolitan
                Life Insurance Company

            
	 
	 	
              Metropolitan
                Tower Life Insurance Company

            
	 	 	
              By:  Metropolitan
                Life Insurance Company,

              its
                Investment Manager

            
	 	 	 
	 	
              By:

            	
              /s/
                Judith A. Gulotta

            
	 	
              Name:

            	
              Judith
                A. Gulotta

            
	 	
              Title:

            	
              Director

            
	 	
              (executed
                by Metropolitan Life Insurance Company (i) as to itself as a
                Purchaser and (ii) investment manager to Metropolitan Tower Life
                Insurance Company as a Purchaser)

            

    

    

     

    
Back
      to Form 8-Kexhibit4_2.htm

    
      

    

     

    Exhibit
      4.2

     

    

      

       

      [Form
        of
        Note]

       

      Cabela’s
        Incorporated

      Cabela’s
        Catalog, Inc.

      Cabela’s
        Retail, Inc.

      Cabela’s
        Outdoor Adventures, Inc.

      Cabelas.com,
        Inc.

      Cabela’s
        Wholesale, Inc.

      Cabela’s
        Ventures, Inc.

      Wild
        Wings, LLC

      Cabela’s
        Lodging, LLC

      Van
        Dyke
        Supply Company, Inc.

      Cabela’s
        Marketing and Brand Management, Inc.

      Cabela’s
        Retail LA, LLC

      Cabela’s
        Trophy Properties, LLC

       Original
        Creations, LLC

      Cabela’s
        Retail TX, L.P.

      Cabela’s
        Retail GP, LLC

      Legacy
        Trading Company

      CRLP,
        LLC

      Cabela’s
        Retail MO, LLC

      Cabela’s
        Retail IL, Inc.

      

      6.08%
        Senior Note, Series 2007-A Due June 15, 2017

      

      
        	
                No.
                  [______]

              	
                [Date]

              
	
                $[________]

              	
                PPN
                  12681#AB3

              

      

       

      For
        Value
        Received, the undersigned, Cabela’s Incorporated (herein called the
“Company”), a corporation organized and existing under the laws of the
        State of Delaware, and the Subsidiaries of the Company consisting of
        (i) Cabela’s Catalog, Inc., (ii) Cabela’s Retail, Inc.,
        (iii) Cabela’s Outdoor Adventures, Inc., (iv) Cabelas.com, Inc.,
        (v)  Cabela’s Wholesale, Inc., (vi) Cabela’s Ventures, Inc.,
        (vii) Wild Wings, LLC, (viii) Cabela’s Lodging, LLC, (ix) Van
        Dyke Supply Company, Inc., (x) Cabela’s Marketing and Brand Management,
        Inc.,  (xi) Cabela’s Retail LA, LLC, (xii) Cabela’s Trophy
        Properties, LLC, (xiii) Original Creations, LLC, (xiv) Cabela’s Retail
        TX, L.P., (xv) Cabela’s Retail GP, LLC, (xvi) Legacy Trading Company,
        (xvii) CRLP, LLC, (xviii) Cabela’s Retail MO, LLC, and (xix) Cabela’s
        Retail IL, Inc. (the Subsidiaries together with the Company being herein
        referred to collectively as the “Obligors”) hereby jointly and
        severally promise to pay to [__________], or registered assigns, the principal
        sum of [______________] on June 15, 2017, with interest (computed on the
        basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance
thereof
        at the rate of 6.08% per annum from the date hereof, payable semi-annually,
        on
        the 15th day of June and December in each year, commencing with the
        June or December next succeeding the date hereof, until the principal hereof
        shall have become due and payable, and (b) to the extent permitted by law
        on any overdue payment (including any overdue prepayment) of principal, any
        overdue payment of interest and any overdue payment of any Make-Whole Amount
        (as
        defined in the First Supplement referred to below), payable semi-annually,
        as
        aforesaid (or, at the option of the registered holder hereof, on demand),
        at a
        rate per annum from time to time equal to the greater of (i) 8.08% or
        (ii) 2% over the rate of interest publicly announced by US Bank, N.A.
        from time to time in Lincoln, Nebraska as its “base” or “prime”
rate.

      
        
                

                 
    

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Payments
        of principal of, interest on and any Make-Whole Amount with respect to this
        Note
        are to be made in lawful money of the United States of America at US Bank,
        N.A. or at such other place as the Company shall have designated by written
        notice to the holder of this Note as provided in the Note Purchase Agreements
        referred to below.

       

      This
        Note
        is one of a series of Senior Notes (herein called the “Notes”) issued
        pursuant to that certain First Supplement dated as of June 15, 2007
        to  Note Purchase Agreements, dated as of February 27,
        2006 (as from time to time amended and supplemented, the “First
        Supplement”), between the Obligors and the respective Purchasers named
        therein and is entitled to the benefits thereof.  Each holder of this
        Note will be deemed, by its acceptance hereof, (i) to have agreed to the
        confidentiality provisions set forth in Section 20 of the Note Purchase
        Agreements (as defined in the First Supplement) and (ii) to
        have made the representation set forth in Section 6.2 of the Note Purchase
        Agreements (as defined in the First Supplement).

       

      This
        Note
        is a registered Note and, as provided in the Note Purchase Agreements, upon
        surrender of this Note for registration of transfer, duly endorsed, or
        accompanied by a written instrument of transfer duly executed, by the registered
        holder hereof or such holder’s attorney duly authorized in writing, a new Note
        for a like principal amount will be issued to, and registered in the name
        of,
        the transferee.  Prior to due presentment for registration of
        transfer, the Obligors may treat the person in whose name this Note is
        registered as the owner hereof for the purpose of receiving payment and for
        all
        other purposes, and the Obligors will not be affected by any notice to the
        contrary.

       

      This
        Note
        is subject to optional prepayment, in whole or from time to time in part,
        at the
        times and on the terms specified in the First Supplement, but not
        otherwise.

       

      If
        an
        Event of Default, as defined in the Note Purchase Agreements, occurs and
        is
        continuing, the principal of this Note may be declared or otherwise become
        due
        and payable in the manner, at the price (including any applicable Make-Whole
        Amount) and with the effect provided in the Note Purchase
        Agreements.

      
        
          
          

        

        
          -2-

          
            

          

        

        
          
          

        

      

       

      This
        Note
        shall be construed and enforced in accordance with, and the rights of the
        parties shall be governed by, the law of the State of Nebraska excluding
        choice-of-law principles of law of such State that would require the application
        of the laws of a jurisdiction other than such State.

      

      
        	 	
                Cabela’s
                  Incorporated

                Cabela’s
                  Catalog, Inc.

                Cabela’s
                  Retail, Inc.

                Cabela’s
                  Outdoor Adventures, Inc.

                Cabelas.com,
                  Inc.

                Cabela’s
                  Wholesale, Inc.

                Cabela’s
                  Ventures, Inc.

                Wild
                  Wings, LLC

                Cabela’s
                  Lodging, LLC

                Cabela’s
                  Marketing and Brand Management, Inc. 

                Cabela’s
                  Retail LA, LLC

                Original
                  Creations, LLC

                Cabela’s
                  Trophy Properties, LLC

                Cabela’s
                  Retail GP, LLC

                Legacy
                  Trading Company

                CRLP,
                  LLC

                Cabela’s
                  Retail MO, LLC

                Cabela’s
                  Retail IL, Inc.

              
	 
	 	
                By:

              	 
	 	
                Name:

              	
                Ralph
                  W. Castner

              
	 	
                Title:

              	
                Vice
                  President, CFO, Secretary or Treasurer

              
	 
	 	
                Cabela’s
                  Retail TX, L.P

              
	 
	 	
                By:

              	
                Cabela’s
                  Retail GP, LLC

              
	 	
                Its:

              	
                General
                  Partner

              
	 
	 	
                By:

              	 
	 	
                Name:

              	
                Ralph
                  W. Castner

              
	 	
                Title:

              	
                Secretary
                  and Treasurer

              
	 
	 	
                Van
                  Dyke Supply Company, Inc.

              
	 
	 	
                By:

              	 
	 	
                Name:

              	
                Jeff
                  Jung

              
	 	
                Title:

              	
                Secretary
                  and Treasurer

              

      

      

-3-

    Back
      to Form 8-K

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]