Document:

Non-Standardized Adoption Agreement to the Company, dated January 29, 2005

 Exhibit 10.6 
  
 THE CORPORATE PLAN 
 FOR RETIREMENTSM 
  
 (PROFIT SHARING/401(K) PLAN) 
  
 A
FIDELITY PROTOTYPE PLAN 
  
 Non-Standardized Adoption Agreement No. 001 
 For use With 
 Fidelity Basic Plan Document No. 02 
  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  

 ADOPTION AGREEMENT 
 ARTICLE 1 
 NON-STANDARDIZED PROFIT SHARING/401(K) PLAN 
  

	1.01.	  PLAN INFORMATION 

  

	 	(a)	Name of Plan: 

  
 This is the Gregg Appliances, Inc. Employees Retirement Plan (the “Plan”) 
  

	 	(b)	Type of Plan: 

  

					
	 (1)
	 	 ̈	  	401(k) Only
			
	 (2)
	 	þ	  	401(k) and Profit Sharing
			
	 (3)
	 	 ̈	  	Profit Sharing Only

  

	 	(c)	Administrator Name (if not the Employer): 

  

			
	 	 	 
		
	 Address:
	 	 
		
	 	 	 

			
		
	 Telephone Number:
	 	 

  
 The
Administrator is the agent for service of legal process for the Plan. 
  

	 	(d)	Plan Year End
(month/day):                                 12/31 

  

	 	(e)	Three Digit Plan
Number:                                     001

  

	 	(f)	Limitation Year (check one): 

  

					
			
	 (1)
	 	þ	  	Calendar Year
			
	 (2)
	 	 ̈	  	Plan Year
			
	 (3)
	 	 ̈	  	Other:

  

	 	(g)	Plan Status (check appropriate box(es)): 

  

					
	 (1)
	 	 ̈	  	New Plan Effective Date:
			
	 (2)
	 	 þ
	  	Amendment Effective Date:                        
2/1/2005

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 1 

					
	 (A)
	 	þ	  	an amendment and restatement of a Basic Plan Document No. 02 Adoption Agreement previously executed by the Employer; or
			
	 (B)
	 	 ̈	  	a conversion to a Basic Plan Document No. 02 Adoption Agreement.

  
      The original effective date of the Plan: 1/1/1990 
  

					
	 (3)
	 	 ̈	  	This is an amendment and restatement of the Plan and the Plan was not amended prior to the effective date specified in Subsection 1.01(g)(2) above to comply with the requirements of the Acts
specified in the Snap Off Addendum to the Adoption Agreement. The provisions specified in the Snap Off Addendum are effective as of the dates specified in the Snap Off Addendum, which dates may be prior to the Amendment Effective Date. Please read
and complete, if necessary, the Snap Off Addendum to the Adoption Agreement.
			
	 (4)
	 	 ̈	  	Special Effective Dates - Certain provisions of the Plan shall be effective as of a date other than the date specified above. Please complete the Special Effective Dates Addendum to
the Adoption Agreement indicating the affected provisions and their effective dates.
			
	 (5)
	 	  ̈
	  	Plan Merger Effective Dates. Certain plan(s) were merged into the Plan and certain provisions of the Plan are effective with respect to the merged plan(s) as of a date other than the
date specified above. Please complete the Special Effective Dates Addendum to the Adoption Agreement indicating the plan(s) that have merged into the Plan and the effective date(s) of such merger(s).

  

	1.02.	  EMPLOYER 

  

					
	 (a)
	 	Employer Name:	  	Gregg Appliances, Inc.
			
	 	 	Address:	  	4151 East 96th Street
			
	 	 	 	  	Indianapolis, IN 46240
			
	 	 	Contact’s Name:	  	Ms. Julie McKinney
			
	 	 	Telephone Number:	  	(317) 571-7799 Ext. 1135

					
			
	 (1)
	 	 Employer’s Tax Identification Number:
	  	 35-1049508

			
	 (2)
	 	 Employer’s fiscal year end:
	  	 3/31

			
	 (3)
	 	 Date business commenced:
	  	 1/1/1955

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 2 

	 	(b)	The term “Employer” includes the following Related Employer(s) (as defined in Subsection 2.0I(rr)) (list each participating Related Employer and
its Employer Tax Identification Number): 

  
                                       
                                        
                                        
                                        
                                        
                                        

  
                                       
                                        
                                        
                                        
                                        
                                        

  
                                       
                                        
                                        
                                        
                                        
                                        

  
                                       
                                        
                                        
                                        
                                        
                                        

  

	1.03.	TRUSTEE 

  

					
	 (a)
	 	Trustee Name:	  	Fidelity Management Trust Company
	 	 	Address:	  	82 Devonshire Street
	 	 	 	  	Boston, MA 02109

  

	1.04.	COVERAGE 

  
 All Employees who meet the conditions specified below shall be eligible to participate in the Plan: 
  

	 	(a)	Age Requirement (check one): 

  

					
	 (1)
	 	  ̈
	  	no age requirement.
			
	 (2)
	 	 þ
	  	must have attained age: 21.0 (not to exceed 21).

  

	 	(b)	Eligibility Service Requirement 

  

							
	(1)	 	Eligibility to Participate in Plan (check one):
				
	 	 	 (A)
	  	 ̈	  	no Eligibility Service requirement.
				
	 	 	 (B)
	  	 ̈	  	(not to exceed 11) months of Eligibility Service requirement (no minimum number Hours of Service can be required).
				
	 	 	 (C)
	  	þ	  	one year of Eligibility Service requirement (at least 1,000 Hours of Service are required during the Eligibility Computation Period).
				
	 	 	 (D)
	  	 ̈	  	two years of Eligibility Service requirement (at least 1,000 Hours of Service are required during each Eligibility Computation Period). (Do not select if Option 1.01(b)(1), 401(k) Only, is
checked, unless a different Eligibility Service requirement applies to Deferral Contributions under Option 1.04(b)(2).)

  
 Note: If the
Employer selects the two year Eligibility Service requirement, then contributions subject to such Eligibility Service requirement must be 100% vested when made. 
  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 3 

											
	 	 	 (2)
	  	 ̈	  	Special Eligibility Service requirement for Deferral Contributions and/or Matching Employer Contributions:
				
	 	 	 	  	(A)	  	The special Eligibility Service requirement applies to (check the appropriate box(es)):
						
	 	 	 	  	 	  	(i)	  	 ̈	  	Deferral Contributions.
						
	 	 	 	  	 	  	(ii)	  	 ̈	  	Matching Employer Contributions.
				
	 	 	 	  	(B)	  	The special Eligibility Service requirement is:                      (Fill
in (A), (B), or (C) from Subsection 1.04 (b)(1) above).
		
	 (c)
	 	 Eligible Class of Employees (check one):

		
	 	 	Note: The Plan may not cover employees who are residents of Puerto Rico. These employees are automatically excluded from the eligible class, regardless of the Employer’s
selection under this Subsection 1.04(c).
				
	 	 	(1)	  	 ̈	  	includes all Employees of the Employer.
				
	 	 	(2)	  	þ	  	includes all Employees of the Employer except for (check the appropriate box(es)):
					
	 	 	 	  	(A)	  	 ̈	  	employees covered by a collective bargaining agreement.
					
	 	 	 	  	(B)	  	 ̈	  	Highly Compensated Employees as defined in Code Section 414(q).
					
	 	 	 	  	(C)	  	 ̈	  	Leased Employees as defined in Subsection 2.01(cc).
					
	 	 	 	  	(D)	  	 ̈	  	nonresident aliens who do not receive any earned income from the Employer which constitutes United States source income.
	 	 	 	  	(E)	  	þ	  	other: Excludes employees of Successor Company and its affiliates who are not employees of Gregg Appliances, Inc.
				
	 	 	 	  	 	  	Note: The Employer should exercise caution when excluding employees from participation in the Plan. Exclusion of employees may adversely affect the Plan’s satisfaction of
the minimum coverage requirements, as provided in Code Section 410(b).
		
	 (d)
	 	The Entry Dates shall be (check one):
				
	 	 	(1)	  	 ̈	  	immediate upon meeting the eligibility requirements specified in Subsections 1.04(a), (b), and (c).
				
	 	 	(2)	  	 ̈	  	the first day of each Plan Year and the first day of the seventh month of each Plan Year.

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

 4 

									
	 	 	 (3)
	 	 þ
	 	the first day of each Plan Year and the first day of the fourth, seventh, and tenth months of each Plan Year.
				
	 	 	 (4)
	 	  ̈
	 	the first day of each month.
				
	 	 	 (5)
	 	  ̈
	 	the first day of each Plan Year. (Do not select if there is an Eligibility Service requirement of more than six months in Subsection I.04(b) or if there is an age
requirement of more than 20 1/2 in Subsection I.04(a).)
			
	 (e)
	 	  ̈
	 	Special Entry Date(s) - In addition to the Entry Dates specified in Subsection 1.04(d) above, the following special Entry Date(s) apply for Deferral and/or Matching
Employer Contributions. (Special Entry Dates may only be selected if Option I.04(b)(2), special Eligibility Service requirement, is checked. The same Entry Dates must be selected for contributions that are subject to the same Eligibility
Service requirements.)
			
	 	 	 (1)
	 	The special Entry Date(s) shall apply to (check the appropriate box(es)):
					
	 	 	 	 	(A)	 	 ̈	  	Deferral Contributions.
					
	 	 	 	 	(B)	 	 ̈	  	Matching Employer Contributions.
			
	 	 	 (2)
	 	The special Entry Date(s) shall be:                      (Fill in (1), (2),
(3), (4), or (5) from Subsection 1.04(d) above).
		
	 (f)
	 	Date of Initial Participation - An Employee shall become a Participant unless excluded by Subsection 1.04(c) above on the Entry Date immediately following the date the
Employee completes the service and age requirement(s) in Subsections 1.04(a) and (b), if any, except (check one):
				
	 	 	 (1)
	 	þ	 	no exceptions.
				
	 	 	 (2)
	 	 ̈	 	Employees employed on the Effective Date in Subsection 1.01(g)(1) or (2) shall become Participants on that date.
				
	 	 	 (3)
	 	 ̈	 	Employees who meet the age and service requirement(s) of Subsections 1.04(a) and (b) on the Effective Date in Subsection 1.01(g)(1) or (2) shall become Participants on that
date.

  

	1.05.	COMPENSATION 

  
 Compensation for purposes of determining contributions shall be as defined in Section 5.02, modified as provided below. 
  

	 	(a)	Compensation Exclusions: Compensation shall exclude the item(s) listed below for purposes of determining Deferral Contributions, Employee Contributions, if any,
and Qualified Nonelective Employer Contributions, or, if Subsection 1.01(b)(3), Profit Sharing Only, is selected, Nonelective Employer Contributions. Unless otherwise indicated in Subsection 1.05(b), these exclusions shall also apply in determining
all other Employer-provided contributions. (Check the 

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 5 

							
	 	 	appropriate box(es); Options (2), (3), (4), (5), and (6) may not be elected with respect to Deferral Contributions if Option 1.10(a)(3), Safe Harbor Matching Employer Contributions,
is checked):
				
	 	 	 (1)
	 	 þ
	  	No exclusions.
				
	 	 	 (2)
	 	  ̈
	  	Overtime Pay.
				
	 	 	 (3)
	 	  ̈
	  	Bonuses.
				
	 	 	 (4)
	 	  ̈
	  	Commissions.
				
	 	 	 (5)
	 	  ̈
	  	The value of a qualified or a non-qualified stock option granted to an Employee by the Employer to the extent such value is includable in the Employee’s taxable income.
				
	 	 	 (6)
	 	  ̈
	  	Severance Pay.
		
	 (b)
	 	Special Compensation Exclusions for Determining Employer-Provided Contributions in Article 5 (either (1) or (2) may be selected, but not both):
				
	 	 	 (1)
	 	  ̈
	  	Compensation for purposes of determining Matching, Qualified Matching, and Nonelective Employer Contributions shall exclude:
                         (Fill in number(s) for item(s) from Subsection 1.05(a) above that apply.)
				
	 	 	 (2)
	 	  ̈
	  	Compensation for purposes of determining Nonelective Employer Contributions only shall exclude:
                     (Fill in number(s) for item(s) from Subsection 1.05(a) above that apply.)
			
	 	 	 	 	Note: If the Employer selects Option (2), (3), (4), (5), or (6) with respect to Nonelective Employer Contributions, Compensation must be tested to show that it meets the
requirements of Code Section 414(s) or 401(a)(4). These exclusions shall not apply for purposes of the “Top Heavy” requirements in Section 15.03, for allocating safe harbor Matching Employer Contributions if Subsection 1.10(a)(3) is
selected, for allocating safe harbor Nonelective Employer Contributions if Subsection 1.11(a)(3) is selected, or for allocating non-safe harbor Nonelective Employer Contributions if the Integrated Formula is elected in Subsection
1.11(b)(2).
		
	 (c)
	 	Compensation for the First Year of Participation - Contributions for the Plan Year in which an Employee first becomes a Participant shall be determined based on the
Employee’s Compensation (check one):
				
	 	 	(1)	 	  ̈
	  	for the entire Plan Year.
				
	 	 	(2)	 	 þ
	  	for the portion of the Plan Year in which the Employee is eligible to participate in the Plan.
		
	 	 	Note: If the initial Plan Year of a new Plan consists of fewer than 12 months from the Effective Date in Subsection 1.01(g)(1) through the end of the initial Plan Year,
Compensation for purposes

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 6 

 of determining the amount of contributions, other than non-safe harbor Nonelective Employer
Contributions, under the Plan shall be the period from such Effective Date through the end of the initial year. However, for purposes of determining the amount of non-safe harbor Nonelective Employer Contributions and for other Plan purposes, where
appropriate, the full 12-consecutive-month period ending on the last day of the initial Plan Year shall be used. 
  

	1.06. 	TESTING RULES 

  

	 	(a)	ADP/ACP Present Testing Method - The testing method for purposes of applying the “ADP” and “ACP” tests described in Sections 6.03 and 6.06
of the Plan shall be the (check one): 

  

					
	(1)	 	þ	  	Current Year Testing Method - The “ADP” or “ACP” of Highly Compensated Employees for the Plan Year shall be compared to the “ADP” or “ACP” of
Non-Highly Compensated Employees for the same Plan Year. (Must choose if Option 1.10(a)(3), Safe Harbor Matching Employer Contributions, or Option 1.11(a)(3), Safe Harbor Formula, with respect to Nonelective Employer Contributions is
checked.)
			
	(2)	 	 ̈	  	Prior Year Testing Method - The “ADP” or “ACP” of Highly Compensated Employees for the Plan Year shall be compared to the “ADP” or “ACP” of
Non-Highly Compensated Employees for the immediately preceding Plan Year. (Do not choose if Option 1.10(a)(3), Safe Harbor Matching Employer Contributions, or Option 1.11(a)(3), Safe Harbor Formula, with respect to Nonelective Employer
Contributions is checked.)
			
	(3)	 	 ̈	  	Not applicable. (Only if Option 1.01(b)(3), Profit Sharing Only, is checked or Option 1.04(c)(2)(B), excluding all Highly Compensated Employees from the eligible class of Employees, is
checked.)

  
 Note:
Restrictions apply on elections to change testing methods that are made after the end of the GUST remedial amendment period. 
  

	 	(b)	First Year Testing Method - If the first Plan Year that the Plan, other than a successor plan, permits Deferral Contributions or provides for either Employee or
Matching Employer Contributions, occurs on or after the Effective Date specified in Subsection 1.01(g), the “ADP” and/or “ACP” test for such first Plan Year shall be applied using the actual “ADP” and/or “ACP”
of Non-Highly Compensated Employees for such first Plan Year, unless otherwise provided below. 

  

					
	(1)	 	 ̈	  	The “ADP” and/or “ACP” test for the first Plan Year that the Plan permits Deferral Contributions or provides for either Employee or Matching Employer Contributions shall be
applied assuming a 3% “ADP” and/or “ACP” for Non-Highly Compensated Employees. (Do not choose unless Plan uses prior year testing method described in Subsection 1.06(a)(2).)

  

	 	(c)	HCE Determinations: Look Back Year - The look back year for purposes of determining which Employees are Highly Compensated Employees shall be the
12-consecutive-month period preceding the Plan Year, unless otherwise provided below. 

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 7 

					
	(1)	 	 ̈	  	Calendar Year Determination - The look back year shall be the calendar year beginning within the preceding Plan Year. (Do not choose if the Plan Year is the calendar
year.)

  

	 	(d)	HCE Determinations: Top Paid Group Election - All Employees with Compensation exceeding $80,000 (as indexed) shall be considered Highly Compensated Employees,
unless Top Paid Group Election below is checked. 

  

					
	(1)	 	 ̈	  	Top Paid Group Election - Employees with Compensation exceeding $80,000 (as indexed) shall be considered Highly Compensated Employees only if they are in the top paid group (the top 20%
of Employees ranked by Compensation).

  
 Note:
Effective for determination years beginning on or after January 1, 1998, if the Employer elects Option 1.06(c)(1) and/or 1.06(d)(1), such election(s) must apply consistently to all retirement plans of the Employer for determination years that begin
with or within the same calendar year (except that Option 1.06(c)(1), Calendar Year Determination, shall not apply to calendar year plans). 
  

	1.07. 	DEFERRAL CONTRIBUTIONS 

  

					
	(a)	 	þ	    	Deferral Contributions - Participants may elect to have a portion of their Compensation contributed to the Plan on a before-tax basis pursuant to Code Section
401(k).
			
	 	 	(1)	    	Regular Contributions - The Employer shall make a Deferral Contribution in accordance with Section 5.03 on behalf of each Participant who has an executed salary reduction agreement in
effect with the Employer for the payroll period in question, not to exceed 60% of Compensation for that period.

  
 Note:
For Limitation Years beginning prior to 2002, the percentage elected above must be less than 25% in order to satisfy the limitation on annual additions under Code Section 415 if other types of contributions are provided under the Plan. 

 

					
	(A)	 	 ̈	  	Instead of specifying a percentage of Compensation, a Participant’s salary reduction agreement may specify a dollar amount to be contributed each payroll period, provided such dollar amount
does not exceed the maximum percentage of Compensation specified in Subsection 1.07(a)(1) above.
		
	(B)	 	A Participant may increase or decrease, on a prospective basis, his salary reduction agreement percentage (check one):

  

					
	(i)	 	þ	  	as of the beginning of each payroll period.
			
	(ii)	 	 ̈	  	as of the first day of each month.
			
	(iii)	 	 ̈	  	as of the next Entry Date. (Do not select if immediate entry is elected with respect to Deferral Contributions in Subsection I.04(d) or 1.04(e).)

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 8 

					
	(iv)	  	 ̈	  	other. (Specify, but must be at least once per Plan Year)
			
	 	  	 	  	____________________________________________________________________________
			
	 	  	 	  	____________________________________________________________________________

  
 Note:
Notwithstanding the Employer’s election hereunder, if Option 1.10(a)(3), Safe Harbor Matching Employer Contributions, or 1.11(a)(3), Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked, the Plan provides that an
Active Participant may change his salary reduction agreement percentage for the Plan Year within a reasonable period (not fewer than 30 days) of receiving the notice described in Section 6.10. 
  

	 	(C)	A Participant may revoke, on a prospective basis, a salary reduction agreement at any time upon proper notice to the Administrator but in such case may not file a new salary
reduction agreement until (check one): 

  

					
	(i)	  	 ̈	  	the first day of the next Plan Year.
			
	(ii)	  	 ̈	  	any subsequent Entry Date. (Do not select if immediate entry is elected with respect to Deferral Contributions in Subsection 1.04(d) or I.04(e).)
			
	(iii)	  	þ	  	other. (Specify, but must be at least once per Plan Year) beginning of a payroll period

  

					
	(2)	  	 ̈	  	Additional Deferral Contributions - The Employer may allow Participants upon proper notice and approval to enter into a special salary reduction agreement to make additional Deferral
Contributions in an amount up to 100% of their Compensation for the payroll period(s) designated by the Employer.
			
	(3)	  	 ̈	  	Bonus Contributions - The Employer may allow Participants upon proper notice and approval to enter into a special salary reduction agreement to make Deferral Contributions in an amount up
to 100% of any Employer paid cash bonuses designated by the Employer on a uniform and non-discriminatory basis that are made for such Participants during the Plan Year. The Compensation definition elected by the Employer in Subsection 1.05(a) must
include bonuses if bonus contributions are permitted.

  
 Note: A
Participant’s contributions under Subsection 1.07(a)(2) and/or (3) may not cause the Participant to exceed the percentage limit specified by the Employer in Subsection 1.07(a)(1) for the full Plan Year. If the Administrator anticipates that the
Plan will not satisfy the “ADP” and/or “ACP” test for the year, the Administrator may reduce the rate of Deferral Contributions of Participants who are Highly Compensated Employees to an amount objectively determined by the
Administrator to be necessary to satisfy the “ADP” and/or “ACP” test. 
  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 9 

	1.08.  	EMPLOYEE CONTRIBUTIONS (AFTER-TAX CONTRIBUTIONS) 

  

					
	 (a)
	  	  ̈
	  	Employee Contributions - Either (1) Participants will be permitted to contribute amounts to the Plan on an after-tax basis or (2) the Employer maintains frozen Employee
Contributions Accounts (check one):

  

					
	 (1)
	  	  ̈
	  	Future Employee Contributions - Participants may make voluntary, non-deductible, after-tax Employee Contributions pursuant to Section 5.04 of the Plan. (Only if Option 1.07(a),
Deferral Contributions, is checked.)
			
	 (2)
	  	  ̈
	  	Frozen Employee Contributions - Participants may not currently make after-tax Employee Contributions to the Plan, but the Employer does maintain frozen Employee Contributions
Accounts.

  

	1.09.  	QUALIFIED NONELECTIVE CONTRIBUTIONS 

  

	 	  (a)	Qualified Nonelective Employer Contributions - If Option 1.07(a), Deferral Contributions, is checked, the Employer may contribute an amount which it designates
as a Qualified Nonelective Employer Contribution to be included in the “ADP” or “ACP” test. Unless otherwise provided below, Qualified Nonelective Employer Contributions shall be allocated to Participants who were eligible to
participate in the Plan at any time during the Plan Year and are Non-Highly Compensated Employees either (A) in the ratio which each Participant’s “testing compensation”, as defined in Subsection 6.01(t), for the Plan Year bears to
the total of all Participants’ “testing compensation” for the Plan Year or (B) as a flat dollar amount. 

  

					
	(1)	  	 ̈	  	Qualified Nonelective Employer Contributions shall be allocated to Participants as a percentage of the lowest paid Participant’s “testing compensation”, as defined in Subsection
6.01(t), for the Plan Year up to the lower of (A) the maximum amount contributable under the Plan or (B) the amount necessary to satisfy the “ADP” or “ACP” test. If any Qualified Nonelective Employer Contribution remains,
allocation shall continue in the same manner to the next lowest paid Participants until the Qualified Nonelective Employer Contribution is exhausted.

  

	1.10.  	MATCHING EMPLOYER CONTRIBUTIONS (Only if Option 1.07(a), Deferral Contributions, is checked) 

  

							
	   (a)
	 	 þ
	 	Basic Matching Employer Contributions (check one):

					
			
	 (1)
	 	  ̈
	  	Non-Discretionary Matching Employer Contributions - The Employer shall make a basic Matching Employer Contribution on behalf of each Participant in an amount equal to the
following percentage of a Participant’s Deferral Contributions during the Contribution Period (check (A) or (B) and, if applicable, (C)):

  
 Note:
Effective for Plan Years beginning on or after January 1, 1999, if the Employer elected Option 1.11(a)(3), Safe Harbor Formula, with respect to Nonelective Employer Contributions and meets the requirements for deemed satisfaction of the
“ADP” test in Section 6.10 for a Plan Year, 

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 10 

 
the Plan will also be deemed to satisfy the “ACP” test for such Plan Year with respect to Matching Employer Contributions if Matching Employer
Contributions hereunder meet the requirements in Section 6.11. 
  

			
	 (A)
	  	  ̈        Single Percentage Match:             %

		
	 (B)
	  	  ̈        Tiered Match:

		
	 	  	             %of the first
            % of the Active Participant’s Compensation contributed to the Plan,

		
	 	  	             %of the next
            % of the Active Participant’s Compensation contributed to the Plan,

		
	 	  	             %of the next
            % of the Active Participant’s Compensation contributed to the Plan.

		
	 	  	Note: The percentages specified above for basic Matching Employer Contributions may not increase as the percentage of Compensation contributed increases.

							
				
	 (C)
	  	  ̈
	  	 	  	Limit on Non-Discretionary Matching Employer Contributions (check the appropriate box(es)):
				
	 	  	 (i)
	  	  ̈
	  	Deferral Contributions in excess of             % of the Participant’s Compensation for the period in question
shall not be considered for non-discretionary Matching Employer Contributions.
			
	 	  	 	  	Note: If the Employer elected a percentage limit in (i) above and requested the Trustee to account separately for matched and unmatched Deferral Contributions made to the
Plan, the non-discretionary Matching Employer Contributions allocated to each Participant must be computed, and the percentage limit applied, based upon each payroll period.
				
	 	  	(ii)	  	 ̈	  	Matching Employer Contributions for each Participant for each Plan Year shall be limited to
$                    .

  

					
	 (2)
	 	 þ
	  	Discretionary Matching Employer Contributions - The Employer may make a basic Matching Employer Contribution on behalf of each Participant in an amount equal to the percentage declared
for the Contribution Period, if any, by a Board of Directors’ Resolution (or by a Letter of Intent for a sole proprietor or partnership) of the Deferral Contributions made by each Participant during the Contribution Period. The Board of
Directors’ Resolution (or Letter of Intent, if applicable) may limit the Deferral Contributions matched to a specified percentage of Compensation or limit the amount of the match to a specified dollar amount.

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 11 

					
	 (A)
	 	  ̈
	  	4% Limitation on Discretionary Matching Employer Contributions for Deemed Satisfaction of “ACP” Test - In no event may the dollar amount of the discretionary Matching Employer
Contribution made on a Participant’s behalf for the Plan Year exceed 4% of the Participant’s Compensation for the Plan Year. (Only if Option 1.11(a)(3), Safe Harbor Formula, with respect to Nonelective Employer Contributions is
checked.)

					
			
	 (3)
	 	  ̈
	  	Safe Harbor Matching Employer Contributions - Effective only for Plan Years beginning on or after January 1, 1999, if the Employer elects one of the safe harbor formula Options
provided in the Safe Harbor Matching Employer Contribution Addendum to the Adoption Agreement and provides written notice each Plan Year to all Active Participants of their rights and obligations under the Plan, the Plan shall be deemed to satisfy
the “ADP” test and, under certain circumstances, the “ACP” test.

							
			
	 (b)
	 	  ̈
	 	Additional Matching Employer Contributions - The Employer may at Plan Year end make an additional Matching Employer Contribution equal to a percentage declared by the
Employer, through a Board of Directors’ Resolution (or by a Letter of Intent for a sole proprietor or partnership), of the Deferral Contributions made by each Participant during the Plan Year. (Only if Option 1.10(a)(1) or (3) is
checked.) The Board of Directors’ Resolution (or Letter of Intent, if applicable) may limit the Deferral Contributions matched to a specified percentage of Compensation or limit the amount of the match to a specified dollar
amount.
				
	 	 	 (1)
	 	  ̈
	  	4% Limitation on Additional Matching Employer Contributions for Deemed Satisfaction of “ACP” Test - In no event may the dollar amount of the additional Matching Employer
Contribution made on a Participant’s behalf for the Plan Year exceed 4% of the Participant’s Compensation for the Plan Year. (Only if Option 1.10(a)(3), Safe Harbor Matching Employer Contributions, or Option 1.11(a)(3), Safe Harbor
Formula, with respect to Nonelective Employer Contributions is checked.)
		
	 	 	Note: If the Employer elected Option 1.10(a)(3), Safe Harbor Matching Employer Contributions, above and wants to be deemed to have satisfied the “ADP” test for Plan
Years beginning on or after January 1, 1999, the additional Matching Employer Contribution must meet the requirements of Section 6.10. In addition to the foregoing requirements, if the Employer elected either Option 1.10(a)(3), Safe Harbor Matching
Employer Contributions, or Option 1.11(a)(3), Safe Harbor Formula, with respect to Nonelective Employer Contributions, and wants to be deemed to have satisfied the “ACP” test with respect to Matching Employer Contributions for the Plan
Year, the Deferral Contributions matched may not exceed the limitations in Section 6.11.
		
	(c)	 	Contribution Period for Matching Employer Contributions - The Contribution Period for purposes of calculating the amount of basic Matching Employer Contributions
described in Subsection 1.10(a) is:
				
	 	 	(1)	 	  ̈
	  	each calendar month.

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 12 

							
				
	 	 	(2)	 	  ̈
	  	each Plan Year quarter.
				
	 	 	(3)	 	  ̈
	  	each Plan Year.
				
	 	 	(4)	 	 þ
	  	each payroll period.
		
	 	 	The Contribution Period for additional Matching Employer Contributions described in Subsection 1.10(b) is the Plan Year.
		
	(d)	 	Continuing Eligibility Requirement(s) - A Participant who makes Deferral Contributions during a Contribution Period shall only be entitled to receive Matching Employer
Contributions under Section 1.10 for that Contribution Period if the Participant satisfies the following requirement(s) (Check the appropriate box(es). Options (3) and (4) may not be elected together; Option (5) may not be elected with Option (2),
(3), or (4); Options (2), (3), (4), (5), and (7) may not be elected with respect to basic Matching Employer Contributions if Option 1.10(a)(3), Safe Harbor Matching Employer Contributions, is checked):
				
	 	 	(1)	 	 þ
	  	No requirements.
				
	 	 	(2)	 	  ̈
	  	Is employed by the Employer or a Related Employer on the last day of the Contribution Period.
				
	 	 	(3)	 	  ̈
	  	Earns at least 501 Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.)
				
	 	 	(4)	 	  ̈
	  	Earns at least 1,000 Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.)
				
	 	 	(5)	 	  ̈
	  	Either earns at least 501 Hours of Service during the Plan Year or is employed by the Employer or a Related Employer on the last day of the Plan Year. (Only if the Contribution Period
is the Plan Year.)
				
	 	 	(6)	 	  ̈
	  	Is not a Highly Compensated Employee for the Plan Year.
				
	 	 	(7)	 	  ̈
	  	Is not a partner or a member of the Employer, if the Employer is a partnership or an entity taxed as a partnership.
				
	 	 	(8)	 	  ̈
	  	Special continuing eligibility requirement(s) for additional Matching Employer Contributions. (Only if Option 1.10(b), Additional Matching Employer Contributions, is
checked.)
				
	 	 	 	 	(A)	  	The continuing eligibility requirement(s) for additional Matching Employer Contributions is/are: (Fill in number of applicable eligibility requirement(s) from above.)
		
	 	 	Note: If Option (2), (3), (4), or (5) above is selected, then Matching Employer Contributions can only be funded by the Employer after the Contribution Period or
Plan Year ends. Matching Employer Contributions funded during the Contribution Period or Plan Year shall not be subject

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 13 

							
		
	 	 	to the eligibility requirements of Option (2), (3), (4), or (5). If Option (2), (3), (4), or (5) is adopted during a Contribution Period or Plan Year, as applicable, such Option
shall not become effective until the first day of the next Contribution Period or Plan Year.
			
	(e)	 	 ̈	 	Qualified Matching Employer Contributions - Prior to making any Matching Employer Contribution hereunder (other than a safe harbor Matching Employer Contribution), the
Employer may designate all or a portion of such Matching Employer Contribution as a Qualified Matching Employer Contribution that may be used to satisfy the “ADP” test on Deferral Contributions and excluded in applying the “ACP”
test on Employee and Matching Employer Contributions. Unless the additional eligibility requirement is selected below, Qualified Matching Employer Contributions shall be allocated to all Participants who meet the continuing eligibility
requirement(s) described in Subsection 1.10(d) above for the type of Matching Employer Contribution being characterized as a Qualified Matching Employer Contribution.
				
	 	 	(1)	 	 ̈	  	To receive an allocation of Qualified Matching Employer Contributions a Participant must also be a Non-Highly Compensated Employee for the Plan Year.
		
	 	 	Note: Qualified Matching Employer Contributions may not be excluded in applying the “ACP” test for a Plan Year if the Employer elected Option 1.10(a)(3), Safe Harbor
Matching Employer Contributions, or Option 1.11(a)(3), Safe Harbor Formula, with respect to Nonelective Employer Contributions, and the “ADP” test is deemed satisfied under Section 6.10 for such Plan Year.

  

	1.11.  	NONELECTIVE EMPLOYER CONTRIBUTIONS 

  

							
	Note: An Employer may elect both a fixed formula and a discretionary formula. If both are selected, the discretionary formula shall be treated as an additional Nonelective
Employer Contribution and allocated separately in accordance with the allocation formula selected by the Employer.
			
	(a)	 	 ̈	 	Fixed Formula (An Employer may elect both the Safe Harbor Formula and one of the other fixed formulas. Otherwise, the Employer may only select one of the
following.)
				
	 	 	(1)	 	 ̈	  	Fixed Percentage Employer Contribution - For each Plan Year, the Employer shall contribute for each eligible Active Participant an amount equal to
            % (not to exceed 15% for Plan Years beginning prior to 2002 and 25% for Plan Years beginning on or after January 1, 2002) of such Active Participant’s
Compensation.
				
	 	 	(2)	 	 ̈	  	Fixed Flat Dollar Employer Contribution - The Employer shall contribute for each eligible Active Participant an amount equal to
$            .
			
	 	 	 	 	The contribution amount is based on an Active Participant’s service for the following period:
				
	 	 	 	 	(A)	  	  ̈   Each paid
hour.

				
	 	 	 	 	(B)	  	  ̈   Each payroll
period.

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 14 

							
				
	 	 	 	 	(C)	  	  ̈        Each Plan Year.

				
	 	 	 	 	(D)	  	  ̈        Other:
                                        
    

				
	 	 	(3)	 	 ̈	  	Safe Harbor Formula - Effective only with respect to Plan Years that begin on or after January 1, 1999, the Nonelective Employer Contribution specified in the Safe Harbor Nonelective
Employer Contribution Addendum is intended to satisfy the safe harbor contribution requirements under the Code such that the “ADP” test (and, under certain circumstances, the “ACP” test) is deemed satisfied. Please complete the
Safe Harbor Nonelective Employer Contribution Addendum to the Adoption Agreement. (Choose only if Option 1.07(a), Deferral Contributions, is checked.)
			
	(b)	 	 þ
	 	Discretionary Formula - The Employer may decide each Plan Year whether to make a discretionary Nonelective Employer Contribution on behalf of eligible Active
Participants in accordance with Section 5.10. Such contributions shall be allocated to eligible Active Participants based upon the following (check (1) (or (2)):
				
	 	 	(1)	 	 þ
	  	Non-Integrated Allocation Formula - In the ratio that each eligible Active Participant’s Compensation bears to the total Compensation paid to all eligible Active Participants for
the Plan Year.
				
	 	 	(2)	 	  ̈
	  	Integrated Allocation Formula - As (A) a percentage of each eligible Active Participant’s Compensation plus (B) a percentage of each eligible Active Participant’s
Compensation in excess of the “integration level” as defined below. The percentage of Compensation in excess of the “integration level” shall be equal to the lesser of the percentage of the Active Participant’s Compensation
allocated under (A) above or the “permitted disparity limit” as defined below.
			
	 	 	 	 	Note: An Employer that has elected the Safe Harbor formula in Subsection 1.11(a)(3) above may not take Nonelective Employer Contributions made to satisfy the safe harbor into
account in applying the integrated allocation formula described above. “Integration level” means the Social Security taxable wage base for the Plan Year, unless the Employer elects a lesser amount in (A) or (B) below.
				
	 	 	 	 	(A)	  	            % (not to exceed 100%) of the Social Security taxable wage base for the Plan Year, or
				
	 	 	 	 	(B)	  	$             (not to exceed the Social Security taxable wage base).

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 15 

 “Permitted disparity limit” means the percentage provided by the following table: 

 

			
	The “Integration Level” is         % of the Taxable Wage Base	  	The “Permitted Disparity Limit” is
		
	20% or less	  	5.7%
		
	More than 20%, but not more than 80%	  	4.3%
		
	More than 80%, but less than 100%	  	5.4%
		
	100%	  	5.7%

  
 Note: An
Employer who maintains any other plan that provides for Social Security Integration (permitted disparity) may not elect Option 1.11(b)(2). 
  

	 	(c)	Continuing Eligibility Requirement(s) - A Participant shall only be entitled to receive Nonelective Employer Contributions for a Plan Year under this Section
1.11 if the Participant satisfies the following requirement(s) (Check the appropriate box(es) - Options (3) and (4) may not be elected together; Option (5) may not be elected with Option (2), (3), or (4); Options (2), (3), (4), (5), and (7) may not
be elected with respect to Nonelective Employer Contributions under the fixed formula if Option 1.11(a)(3), Safe Harbor Formula, is checked): 

  

					
	 (1)
	 	 ̈	  	No requirements.
			
	 (2)
	 	  ̈
	  	Is employed by the Employer or a Related Employer on the last day of the Plan Year.
			
	 (3)
	 	  ̈
	  	Earns at least 501 Hours of Service during the Plan Year.
			
	 (4)
	 	  ̈
	  	Earns at least 1,000 Hours of Service during the Plan Year.
			
	 (5)
	 	 þ
	  	Either earns at least 501 Hours of Service during the Plan Year or is employed by the Employer or a Related Employer on the last day of the Plan Year.
			
	 (6)
	 	  ̈
	  	Is not a Highly Compensated Employee for the Plan Year.
			
	 (7)
	 	  ̈
	  	Is not a partner or a member of the Employer, if the Employer is a partnership or an entity taxed as a partnership.
			
	 (8)
	 	  ̈
	  	Special continuing eligibility requirement(s) for discretionary Nonelective Employer Contributions. (Only if both Options I.11(a) and (b) are checked.)
			
	 	 	 (A)
	  	The continuing eligibility requirement(s) for discretionary Nonelective Employer Contributions is/are:              (Fill in
number of applicable eligibility requirement(s) from above.)

  
 Note: If
Option (2), (3), (4), or (5) above is selected then Nonelective Employer Contributions can only be funded by the Employer after the Plan Year ends. Nonelective Employer Contributions funded during the Plan Year shall not be subject to
the eligibility requirements of Option (2), (3), (4), or (5). If Option (2), (3), (4), or (5) is adopted during a Plan Year, such Option shall not become effective until the first day of the next Plan Year. 
  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 16 

	1.12. 	EXCEPTIONS TO CONTINUING ELIGIBILITY REQUIREMENTS 

  

			
	  ̈	 	Death, Disability, and Retirement Exception to Eligibility Requirements - Active Participants who do not meet any last day or Hours of Service requirement under Subsection 1.10(d)
or 1.11(c) because they become disabled, as defined in Section 1.14, retire, as provided in Subsection 1.13(a), (b), or (c), or die shall nevertheless receive an allocation of Nonelective Employer and/or Matching Employer Contributions. No
Compensation shall be imputed to Active Participants who become disabled for the period following their disability.

  

	1.13. 	RETIREMENT 

  

											
	(a)	 	The Normal Retirement Age under the Plan is (check one):

  

							
	 	 	(1)	 	 þ
	  	age 65.
				
	 	 	(2)	 	  ̈
	  	age          (specify between 55 and 64).
				
	 	 	(3)	 	  ̈
	  	later of age          (not to exceed 65) or the fifth anniversary of the Participant’s Employment Commencement
Date.
			
	(b)	 	 þ
	 	The Early Retirement Age is the first day of the month after the Participant attains age 55.0 (specify 55 or greater) and completes 6.0 years of Vesting
Service.
		
	 	 	Note: If this Option is elected, Participants who are employed by the Employer or a Related Employer on the date they reach Early Retirement Age shall be 100% vested in their
Accounts under the Plan.
			
	(c)	 	 þ
	 	A Participant who becomes disabled, as defined in Section 1.14, is eligible for disability retirement.
		
	 	 	Note: If this Option is elected, Participants who are employed by the Employer or a Related Employer on the date they reach Early Retirement Age shall be 100% vested in their
Accounts under the Plan.

  

	1.14. 	DEFINITION OF DISABLED 

  
 A Participant is disabled if he/she (check the appropriate box(es)): 
  

							
	 	 	(a)	 	  ̈
	  	satisfies the requirements for benefits under the Employer’s long-term disability plan.
				
	 	 	(b)	 	 þ
	  	satisfies the requirements for Social Security disability benefits.
				
	 	 	(c)	 	  ̈
	  	is determined to be disabled by a physician approved by the Employer.

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 17 

	1.15. 	VESTING 

  

							
	A Participant’s vested interest in Matching Employer Contributions and/or Nonelective Employer Contributions, other than Safe Harbor Matching Employer and/or Nonelective
Employer Contributions elected in Subsection 1.10(a)(3) or 1.11(a)(3), shall be based upon his years of Vesting Service and the schedule(s) selected below, except as provided in Subsection 1.21(d) or in the Vesting Schedule Addendum to the Adoption
Agreement.

  

							
	(a)	 	  ̈
	 	Years of Vesting Service shall exclude:
				
	 	 	(1)	 	  ̈
	  	for new plans, service prior to the Effective Date as defined in Subsection 1.01(g)(1).
				
	 	 	(2)	 	  ̈
	  	for existing plans converting from another plan document, service prior to the original Effective Date as defined in Subsection 1.01(g)(2).
		
	(b)	 	Vesting Schedule(s)
		
	 	 	Note: The vesting schedule selected below applies only to Nonelective Employer Contributions and Matching Employer Contributions other than safe harbor contributions under
Option 1.11(a)(3) or Option 1.10(a)(3). Safe harbor contributions under Options 1.11(a)(3) and 1.10(a)(3) are always 100% vested immediately.

  

			
	 (1)    Nonelective Employer Contributions
 (check one)
	  	 (2)    Matching Employer Contributions
 (check one):

		
	 (A)    ̈ N/A -
No Nonelective
	  	 (A)    ̈ N/A
- No Matching

		
	 (B)    ̈ 100%
Vesting immediately
	  	 (B)    ̈ 100%
Vesting immediately

		
	 (C)    ̈ 3 year
cliff (see C below)
	  	 (C)    ̈ 3
year cliff (see C below)

		
	 (D)    ̈ 5 year
cliff (see D below)
	  	 (D)    ̈ 5
year cliff (see D below)

		
	 (E)   þ 6 year graduated (see E below)
	  	 (E)   þ 6 year graduated (see E below)

		
	 (F)    ̈ 7 year
graduated (see F below)
	  	 (F)    ̈ year
graduated (see F below)

		
	 (G)    ̈ Other
vesting
        (Complete G1 below)
	  	 (G)    ̈
Other vesting
        (Complete G1 below)

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 18 

																			
	 	  	Applicable Vesting Schedule(s)

	 
	 Years of Vesting Service

	  	C

	 	 	D

	 	 	E

	 	 	F

	 	 	G1

	 	 	G2

	 
	 0
	  	0	%	 	0	%	 	0	%	 	0	%	 	____	%	 	____	%
	 1
	  	0	%	 	0	%	 	0	%	 	0	%	 	____	%	 	____	%
	 2
	  	0	%	 	0	%	 	20	%	 	0	%	 	____	%	 	____	%
	 3
	  	100	%	 	0	%	 	40	%	 	20	%	 	____	%	 	____	%
	 4
	  	100	%	 	0	%	 	60	%	 	40	%	 	____	%	 	____	%
	 5
	  	100	%	 	100	%	 	80	%	 	60	%	 	____	%	 	____	%
	 6
	  	100	%	 	100	%	 	100	%	 	80	%	 	____	%	 	____	%
	 7 or more
	  	100	%	 	100	%	 	100	%	 	100	%	 	100	%	 	100	%

  
 Note: A
schedule elected under G1 or G2 above must be at least as favorable as one of the schedules in C, D, E or F above. 
  
 Note: If the Plan is being amended to provide a more restrictive vesting schedule, the more favorable vesting schedule shall continue to apply to
Participants who are Active Participants immediately prior to the later of (1) the effective date of the amendment or (2) the date the amendment is adopted. 
  

							
	(c)	  	 ̈	  	A vesting schedule more favorable than the vesting schedule(s) selected above applies to certain Participants. Please complete the Vesting Schedule Addendum to the
Adoption Agreement.
		
	(d)	  	Application of Forfeitures - If a Participant forfeits any portion of his non-vested Account balance as provided in Section 6.02, 6.04, 6.07, or 11.08, such
forfeitures shall be (check one):
				
	 	  	(1)	  	 ̈	  	N/A - Either (A) no Matching Employer Contributions are made with respect to Deferral Contributions under the Plan and all other Employer Contributions are 100% vested when made or (B) there are
no Employer Contributions under the Plan.
				
	 	  	(2)	  	þ	  	applied to reduce Employer contributions.
				
	 	  	(3)	  	 ̈	  	allocated among the Accounts of eligible Participants in the manner provided in Section 1.11. (Only if Option I.11(a) or (b) is checked.)

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 19 

	1.16. 	PREDECESSOR EMPLOYER SERVICE 

  

	 	þ	Service for purposes of eligibility in Subsection 1.04(b) and vesting in Subsection 1.15(b) of this Plan shall include service with the following predecessor
employer(s): 

  
 J.D. Rich, Inc.

  

	1.17. 	PARTICIPANT LOANS 

  
 Participant loans (check one): 
  

					
	 (a)
	 	 þ
	  	are allowed in accordance with Article 9 and loan procedures outlined in the Service Agreement
			
	 (b)
	 	  ̈
	  	are not allowed.

  

	1.18. 	IN-SERVICE WITHDRAWALS 

  
 Participants may make withdrawals prior to termination of employment under the following circumstances (check the appropriate
box(es)): 
  

					
	 (a)
	 	 þ
	  	Hardship Withdrawals - Hardship withdrawals from a Participant’s Deferral Contributions Account shall be allowed in accordance with Section 10.05, subject to a $500 minimum
amount.
			
	 (b)
	 	 þ
	  	Age 59 1/2 - Participants shall be entitled to receive a distribution of all or any portion of the following Accounts upon attainment of age 59 1/2 (check one):
			
	 	 	 (1)
	  	  ̈        Deferral Contributions Account.

			
	 	 	 (2)
	  	 þ       All vested account balances.

  

	 	(c)	Withdrawal of Employee Contributions and Rollover Contributions - 

  

	 	(1)	Unless otherwise provided below, Employee Contributions may be withdrawn in accordance with Section 10.02 at any time. 

  

					
	(A)	 	 ̈	  	Employees may not make withdrawals of Employee Contributions more frequently than:
                                        
        .

  

	 	(2)	Rollover Contributions may be withdrawn in accordance with Section 10.03 at any time. 

  

							
	 (d)
	 	  ̈
	 	Protected In-Service Withdrawal Provisions - Check if the Plan was converted by plan amendment or received transfer contributions from another defined contribution
plan, and benefits under the other defined contribution plan were payable as (check the appropriate box(es)):
				
	 	 	 (1)
	 	  ̈
	  	an in-service withdrawal of vested employer contributions maintained in a Participant’s Account (check (A) and/or (B)):
				
	 	 	 	 	 (A)
	  	  ̈        for at least              (24 or more) months.

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 20 

									
	 	 	 	 	 (i)
	 	  ̈
	  	Special restrictions applied to such in-service withdrawals under the prior plan that the Employer wishes to continue under the Plan as restated hereunder. Please complete the Protected
In-Service Withdrawals Addendum to the Adoption Agreement identifying the restrictions.
				
	 	 	 (B)
	 	  ̈
	 	after the Participant has at least 60 months of participation.
					
	 	 	 	 	 (i)
	 	  ̈
	  	Special restrictions applied to such in-service withdrawals under the prior plan that the Employer wishes to continue under the Plan as restated hereunder. Please complete the Protected
In-Service Withdrawals Addendum to the Adoption Agreement identifying the restrictions.
			
	 (2)
	 	  ̈
	 	another in-service withdrawal option that is a “protected benefit” under Code Section 411(d)(6) or an in-service hardship withdrawal option not otherwise described in
Section 1.18(a). Please complete the Protected In-Service Withdrawals Addendum to the Adoption Agreement identifying the in-service withdrawal option(s).

  

	1.19. 	FORM OF DISTRIBUTIONS 

  
 Subject to Section 13.01, 13.02 and Article 14, distributions under the Plan shall be paid as provided below. (Check the appropriate box(es)
and, if any forms of payment selected in (b), (c) and/or (d) apply only to a specific class of Participants, complete Subsection (b) of the Forms of Payment Addendum.) 
  

	 	(a)	Lump Sum Payments - Lump sum payments are always available under the Plan. 

  

					
	 (b)
	 	 þ
	  	Installment Payments - Participants may elect distribution under a systematic withdrawal plan (installments).
			
	 (c)
	 	  ̈
	  	Annuities (Check if the Plan is retaining any annuity form(s) of payment.)

  

	 	(1)	An annuity form of payment is available under the Plan for the following reason(s) (check (A) and/or (B), as applicable): 

  

					
	 (A)
	 	  ̈
	  	As a result of the Plan’s receipt of a transfer of assets from another defined contribution plan or pursuant to the Plan terms prior to the Amendment Effective Date specified in Section
1.01(g)(2), benefits were previously payable in the form of an annuity that the Employer elects to continue to be offered as a form of payment under the Plan.
	 (B)
	 	  ̈
	  	The Plan received a transfer of assets from a defined benefit plan or another defined contribution plan that was subject to the minimum funding requirements of Code Section 412 and therefore
an annuity form of payment is a protected benefit under the Plan in accordance with Code Section 411(d)(6).

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 21 

	 	(2)	The normal form of payment under the Plan is (check (A) or (B)): 

  

									
	(A)	 	 ̈	 	A lump sum payment.
			
	 	 	(i)	 	Optional annuity forms of payment (check (I) and/or (II), as applicable). (Must check and complete (I) if a life annuity is one of the optional annuity forms of payment
under the Plan.)
					
	 	 	 	 	(I)	 	 ̈	  	A married Participant who elects an annuity form of payment shall receive a qualified joint and        % (at least 50%) survivor annuity. An
unmarried Participant shall receive a single life annuity, unless a different form of payment is specified below:
					
	 	 	 	 	(II)	 	 ̈	  	Other annuity form(s) of payment. Please complete Subsection (a) of the Forms of Payment Addendum describing the other annuity form(s) of payment available under the Plan.
			
	 (B)
	 	 ̈	 	A life annuity (complete (i) and (ii) and check (iii) if applicable).
			
	 	 	(i)	 	The normal form for married Participants is a qualified joint and         % (at least 50%) survivor annuity. The normal form for
unmarried Participants is a single life annuity, unless a different annuity form is specified below:
			
	 	 	 	 	___________________________________________
			
	 	 	(ii)	 	The qualified preretirement survivor annuity provided to a Participant’s spouse is purchased with ____% (at least 50%) of the Participant’s Account.
				
	 	 	(iii)	 	 ̈	 	Other annuity form(s) of payment. Please complete Subsection (a) of the Forms of Payment Addendum describing the other annuity form(s) of payment available under the
Plan.

  

					
	 (d)
	 	  ̈
	  	Other Non-Annuity Form(s) of Payment - As a result of the Plan’s receipt of a transfer of assets from another plan or pursuant to the Plan terms prior to the Amendment
Effective Date specified in 1.01(g)(2), benefits were previously payable in the following form(s) of payment not described in (a), (b) or (c) above and the Plan will continue to offer these form(s) of payment:
			
	 	 	 	  	________________________________________
			
	(e)	 	 ̈	  	Eliminated Forms of Payment Not Protected Under Code Section 411(d)(6). Check if either (1) under the Plan terms prior to the Amendment Effective Date or (2) under the terms of
another plan from which assets were transferred, benefits were payable in a form of payment that will cease to be offered after a specified date. Please complete

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 22 

 Subsection (c) of the Forms of Payment Addendum describing the forms of payment previously available and
the effective date of the elimination of the form(s) of payment. 
  

	1.20.	 TIMING OF DISTRIBUTIONS 

  
 Except as provided in Subsection 1.20(a) or (b) and the Postponed Distribution Addendum to the Adoption Agreement, distribution shall be made to an
eligible Participant from his vested interest in his Account as soon as reasonably practicable following the date the Participant’s application for distribution is received by the Administrator. 
  

	 	(a)	Required Commencement of Distribution - If a Participant does not elect to receive benefits as of an earlier date, as permitted under the Plan, distribution of
a Participant’s Account shall begin as of the Participant’s Required Beginning Date. 

  

					
	(b)	  	 ̈	  	Postponed Distributions - Check if the Plan was converted by plan amendment from another defined contribution plan that provided for the postponement of certain distributions from
the Plan to eligible Participants and the Employer wants to continue to administer the Plan using the postponed distribution provisions. Please complete the Postponed Distribution Addendum to the Adoption Agreement indicating the types of
distributions that are subject to postponement and the period of postponement.

  
 Note: An
Employer may not provide for postponement of distribution to a Participant beyond the 60th day following the close of the Plan Year in which (1) the Participant attains Normal Retirement Age under the Plan, (2) the Participant’s 10th
anniversary of participation in the Plan occurs, or (3) the Participant’s employment terminates, whichever is latest. 
  

	1.21.	 TOP HEAVY STATUS 

  

	 	(a)	The Plan shall be subject to the Top-Heavy Plan requirements of Article 15 (check one): 

  

					
	 (1)
	 	  ̈
	  	for each Plan Year, whether or not the Plan is a “top-heavy plan” as defined in Subsection 15.01(f).
			
	 (2)
	 	 þ
	  	for each Plan Year, if any, for which the Plan is a “top-heavy plan” as defined in Subsection 15.01(f).
			
	 (3)
	 	  ̈
	  	Not applicable. (Choose only if Plan covers only employees subject to a collective bargaining agreement)

  

	 	(b)	In determining whether the Plan is a “top-heavy plan” for an Employer with at least one defined benefit plan, the following assumptions shall apply:

  

					
	 (1)
	 	  ̈
	  	Interest rate:         % per annum.
			
	 (2)
	 	  ̈
	  	Mortality table:                    
			
	 (3)
	 	 þ
	  	Not applicable. (Choose only if either (A) Plan covers only employees subject to a collective bargaining agreement or (B) Employer does not maintain and

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 23 

 has not maintained any defined benefit plan during the five-year period ending on the applicable
“determination date”, as defined in Subsection 15.01(a).) 
  

	 	(c)	If the Plan is or is treated as a “top-heavy plan” for a Plan Year, each non-key Employee shall receive an Employer Contribution of at least 5.0 (3, 4, 5, or
71/2) % of Compensation for the Plan Year in accordance with Section 15.03. The minimum Employer Contribution provided in this Subsection 1.21(c) shall be made under this Plan only if the Participant is not entitled to such contribution under
another qualified plan of the Employer, unless the Employer elects otherwise below: 

  

					
	 (1)
	 	  ̈
	  	The minimum Employer Contribution shall be paid under this Plan in any event.
			
	 (2)
	 	  ̈
	  	Another method of satisfying the requirements of Code Section 416. Please complete the 416 Contribution Addendum to the Adoption Agreement describing the way in which the minimum contribution
requirements will be satisfied in the event the Plan is or is treated as a “top-heavy plan”.
			
	 (3)
	 	  ̈
	  	Not applicable. (Choose only if Plan covers only employees subject to a collective bargaining agreement.)

  
 Note:
The minimum Employer contribution may be less than the percentage indicated in Subsection 1.21(c) above to the extent provided in Section 15.03. 
  

	 	(d)	If the Plan is or is treated as a “top-heavy plan” for a Plan Year, the following vesting schedule shall apply instead of the schedule(s) elected in
Subsection 1.15(6) for such Plan Year and each Plan Year thereafter (check one): 

  

					
	 (1)
	 	  ̈
	  	Not applicable. (Choose only if either (A) Plan provides for Nonelective Employer Contributions and the schedule elected in Subsection 1.15(b)(1) is at least as favorable in all cases as
the schedules available below or (B) Plan covers only employees subject to a collective bargaining agreement.)
			
	 (2)
	 	  ̈
	  	100% vested after              (not in excess of 3) years of Vesting Service.
			
	 (3)
	 	 þ
	  	Graded vesting:

  

							
	 Years of Vesting Service

	  	Vesting
Percentage

	 	 	Must
be at
Least

	 
	 0
	  	0.00	%	 	0	%
	 1
	  	0.00	%	 	0	%
	 2
	  	20.00	%	 	20	%
	 3
	  	40.00	%	 	40	%
	 4
	  	60.00	%	 	60	%
	 5
	  	80.00	%	 	80	%
	 6 or more
	  	100.00	%	 	100	%

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 24 

							
				
	 	  	 	  	 	  	Note: If the Plan provides for Nonelective Employer Contributions and the schedule elected in Subsection 1.15(b)(1) is more favorable in all cases than the schedule elected in Subsection
1.21(d) above, then the schedule in Subsection 1.15(b)(1) shall continue to apply even in Plan Years in which the Plan is a “top-heavy plan”.

  

	1.22. 	CORRECTION TO MEET 415 REQUIREMENTS UNDER MULTIPLE DEFINED CONTRIBUTION PLANS 

  
 If the Employer maintains other defined contribution plans, annual additions to a Participant’s Account shall be
limited as provided in Section 6.12 of the Plan to meet the requirements of Code Section 415, unless the Employer elects otherwise below and completes the 415 Correction Addendum describing the order in which annual additions shall be limited among
the plans. 
  

							
	(a)	  	 ̈	  	Other Order for Limiting Annual Additions

  

	1.23. 	INVESTMENT DIRECTION 

  
 Investment Directions - Participant Accounts shall be invested (check one): 
  

							
	(a)	  	 ̈	  	in accordance with the investment directions provided to the Trustee by the Employer for allocating all Participant Accounts among the Options listed in the Service
Agreement.
			
	(b)	  	þ	  	in accordance with the investment directions provided to the Trustee by each Participant for allocating his entire Account among the Options listed in the Service
Agreement.
			
	(c)	  	 ̈	  	in accordance with the investment directions provided to the Trustee by each Participant for all contribution sources in his Account, except that the following sources shall be
invested in accordance with the investment directions provided by the Employer (check (1) and/or (2)):
				
	 	  	(1)	  	 ̈	  	Nonelective Employer Contributions
				
	 	  	(2)	  	 ̈	  	Matching Employer Contributions
			
	 	  	 	  	The Employer must direct the applicable sources among the same investment options made available for Participant directed sources listed in the Service Agreement.

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 25 

	1.24. 	RELIANCE ON OPINION LETTER 

  
 An adopting Employer may rely on the opinion letter issued by the Internal Revenue Service as evidence that this Plan is qualified under Code Section 401
only to the extent provided in Announcement 2001-77, 2001-30 I.R.B. The Employer may not rely on the opinion letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the opinion letter
issued with respect to this Plan and in Announcement 2001-77. In order to have reliance in such circumstances or with respect to such qualification requirements, application for a determination letter must be made to Employee Plans Determinations of
the Internal Revenue Service. Failure to fill out the Adoption Agreement properly may result in disqualification of the Plan. 
  
 This Adoption Agreement may be used only in conjunction with Fidelity Basic Plan Document No. 02. The Prototype Sponsor shall inform the adopting Employer
of any amendments made to the Plan or of the discontinuance or abandonment of the prototype plan document. 
  

	1.25. 	PROTOTYPE INFORMATION: 

  

			
	 Name of Prototype Sponsor:
	  	Fidelity Management & Research Company
	 Address of Prototype Sponsor:
	  	 82 Devonshire Street
 Boston, MA
02109

  
 Questions regarding
this prototype document may be directed to the following telephone number: 1-800-343-9184. 
  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 26 

 EXECUTION PAGE 
 (Fidelity’s Copy) 
  
 IN WITNESS
WHEREOF, the Employer has caused this Adoption Agreement to be executed this 29 day of January, 2005. 
  

			
	 Employer: 
	 	 Gregg Appliances, Inc.

		
	By:	 	 /s/ Michael D. Stout

	 Title:
	 	 Secretary

		
	 Employer: 
	 	 
		
	By:	 	 
	 Title:
	 	 

  

									
	 Accepted by:
	 	 	 	 
			
	 Fidelity Management Trust Company, as Trustee
	 	 	 	 
					
	By:	 	 /s/ Joan M. Berning
	 	 	 	 Date: 
	 	 February 11, 2005

	 Title:
	 	 Authorized Signatory
	 	 	 	 	 	 

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 27 

 EXECUTION PAGE 
 (Employer’s Copy) 
  
 IN WITNESS
WHEREOF, the Employer has caused this Adoption Agreement to be executed this 29 day of January, 2005. 
  

			
	 Employer: 
	 	 Gregg Appliances, Inc.

		
	By:	 	 /s/ Michael D. Stout

	 Title:
	 	 Secretary

		
	 Employer: 
	 	 
		
	By:	 	 
	 Title:
	 	 

  

									
	 Accepted by:
	 	 	 	 
			
	 Fidelity Management Trust Company, as Trustee
	 	 	 	 
					
	By:	 	 /s/ Joan M. Berning
	 	 	 	 Date: 
	 	 February 11, 2005

	 Title:
	 	 Authorized Signatory
	 	 	 	 	 	 

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 28 

 ADDENDUM 
  

Re: SPECIAL EFFECTIVE DATES 
 for

  

											
	Plan Name:	  	Gregg Appliances, Inc. Employees Retirement Plan
			
	 (a)  
	  	 ̈  	  	Special Effective Dates for Other Provisions - The following provisions (e.g., new eligibility requirements, new contribution formula, etc.) shall be effective as of
the dates specified herein:
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 (b)  
	  	 ̈  	  	Plan Merger Effective Dates - The following plan(s) were merged into the Plan after the Effective Date indicated in Subsection 1.01(g)(1) or (2), as applicable. The
provisions of the Plan are effective with respect to the merged plan(s) as of the date(s) indicated below:
					
	 	  	 	  	(1)	 	Name of merged plan:	  	_____________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	Effective Date: _______________________________________________________________________________
					
	 	  	 	  	(2)	 	Name of merged plan:	  	_____________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	Effective Date: _______________________________________________________________________________
					
	 	  	 	  	(3)	 	Name of merged plan:	  	_____________________________________________________________

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 29 

											
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	Effective Date: _______________________________________________________________________________
					
	 	  	 	  	(4)	 	Name of merged plan:	  	_____________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	Effective Date: _______________________________________________________________________________
					
	 	  	 	  	(5)	 	Name of merged plan:	  	_____________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	___________________________________________________________________________________________
			
	 	  	 	  	Effective Date: _______________________________________________________________________________

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 30 

 ADDENDUM 
  

Re: SAFE HARBOR MATCHING EMPLOYER CONTRIBUTION 
 for 
  
 Plan Name: Gregg Appliances, Inc. Employees Retirement Plan 
  

	(a)	Safe Harbor Matching Employer Contribution Formula 

  
 Note: Matching Employer Contributions made under this Option must be 100% vested when made and may only be distributed because of death,
disability, separation from service, age 59 1/2, or termination of the Plan without the establishment of a successor plan. In addition, each Plan Year, the Employer must provide written notice to all Active Participants of their rights and
obligations under the Plan. 
  

							
	 (1)
	 	  ̈
	  	100% of the first 3% of the Active Participant’s Compensation contributed to the Plan and 50% of the next 2% of the Active Participant’s Compensation contributed to the
Plan.
				
	 	 	 (A)
	  	  ̈
	    	Safe harbor Matching Employer Contributions shall not be made on behalf of Highly Compensated Employees.
			
	 	 	 	  	Note: If the Employer selects this formula and does not elect Option 1.10(b), Additional Matching Employer Contributions, Matching Employer Contributions will automatically
meet the safe harbor contribution requirements for deemed satisfaction of the “ACP” test. (Employee Contributions must still be tested.)
				
	 (2)
	 	 	  	 ̈	    	Other Enhanced Match:
			
	 	 	 	  	        % of the first         % of the Active Participant’s Compensation
contributed to the plan,
			
	 	 	 	  	        % of the next         % of the Active Participant’s Compensation
contributed to the plan,
			
	 	 	 	  	        % of the next         % of the Active Participant’s Compensation
contributed to the plan.
			
	 	 	 	  	Note: To satisfy the safe harbor contribution requirement for the “ADP” test, the percentages specified above for Matching Employer Contributions may not increase as
the percentage of Compensation contributed increases, and the aggregate amount of Matching Employer Contributions at such rates must at least equal the aggregate amount of Matching Employer Contributions which would be made under the percentages
described in (a)(1) of this Addendum.

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 31 

							
				
	 	 	 (A)
	  	  ̈
	    	Safe harbor Matching Employer Contributions shall not be made on behalf of Highly Compensated Employees.
				
	 	 	 (B)
	  	  ̈
	    	The formula specified above is also intended to satisfy the safe harbor contribution requirement for deemed satisfaction of the “ACP” test with respect to Matching Employer
Contributions. (Employee Contributions must still be tested.)
			
	 	 	 	  	Note: To satisfy the safe harbor contribution requirement for the “ACP” test, the Deferral Contributions and/or Employee Contributions matched cannot exceed 6% of a
Participant’s Compensation.

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 32 

 ADDENDUM 
  

Re: SAFE HARBOR NONELECTIVE EMPLOYER CONTRIBUTION 
 for 
  
 Plan Name: Gregg Appliances,
Inc. Employees Retirement Plan 
  

	(a)	Safe Harbor Non elective Employer Contribution Election 

  

							
	 (1)
	 	  ̈
	 	For each Plan Year, the Employer shall contribute for each eligible Active Participant an amount equal to         % (not less than
3% nor more than 15%) of such Active Participant’s Compensation.
			
	 (2)
	 	  ̈
	 	The Employer may decide each Plan Year whether to amend the Plan by electing and completing (A) below to provide for a contribution on behalf of each eligible Active Participant in
an amount equal to at least 3% of such Active Participant’s Compensation.
	
	Note: An Employer that has selected Subsection (a)(2) above must amend the Plan by electing (A) below and completing the Amendment Execution Page no later than 30 days prior
to the end of each Plan Year for which safe harbor Nonelective Employer Contributions are being made.
				
	 	 	 (A)
	 	 ̈	  	For the Plan Year beginning ______, the Employer shall contribute for each eligible Active Participant an amount equal to  % (not less than 3% nor more than 15%) of such Active
Participant’s Compensation.
	
	Note: Safe harbor Nonelective Employer Contributions must be 100% vested when made and may only be distributed because of death, disability, separation from service, age 59
1/2, or termination of the Plan without the establishment of a successor plan. In addition, each Plan Year, the Employer must provide written notice to all Active Participants of their rights and obligations under the Plan.

							
			
	 (b)
	 	    ̈
	 	Safe harbor Nonelective Employer Contributions shall not be made on behalf of Highly Compensated Employees.
			
	 (c)
	 	    ̈
	 	In conjunction with its election of the safe harbor described above, the Employer has elected to make Matching Employer Contributions under Subsection 1.10 that are intended to meet
the requirements for deemed satisfaction of the “ACP” test with respect to Matching Employer Contributions.

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 33 

 ADDENDUM 
  

Re: PROTECTED IN-SERVICE WITHDRAWALS 
 for 
  
 Plan Name: Gregg Appliances, Inc. Employees
Retirement Plan 
  

	(a)	Restrictions on In-Service Withdrawals of Amounts Held for Specified Period - The following restrictions apply to in-service withdrawals made in accordance with
Subsection 1.18(d)(1)(A) (cannot include any mandatory suspension of contributions restriction): 

  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  

	(b)	Restrictions on In-Service Withdrawals Because of Participation in Plan for 60 or More Months - The following restrictions apply to in-service withdrawals made
in accordance with Subsection 1.18(d)(1)(B) (cannot include any mandatory suspension of contributions restriction): 

  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  

	(c)	Other In-Service Hardship Withdrawal Provisions - In-service hardship withdrawals are permitted from a Participant’s Deferral Contributions Account and the
other sub-accounts specified below, subject to the conditions otherwise applicable to hardship withdrawals from a Participant’s Deferral Contributions Account: 

  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 34 

                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  

	(d)	Other In-Service Withdrawal Provisions - In-service withdrawals from a Participant’s Accounts specified below shall be available to Participants who
satisfy the requirements also specified below: 

  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  

					
	(1)	 	 ̈	  	The following restrictions apply to a Participant’s Account following an in-service withdrawal made pursuant to (d) above (cannot include any mandatory suspension of contributions
restriction):

  
                                       
                                        
                                        
                                        
                                        
                                        

  
                                       
                                        
                                        
                                        
                                        
                                        

  
                                       
                                        
                                        
                                        
                                        
                                        

  
                                       
                                        
                                        
                                        
                                        
                                        

  
                                       
                                        
                                        
                                        
                                        
                                        

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 35 

 ADDENDUM 
  

Re: FORMS OF PAYMENT 
 for

  
 Plan Name: Gregg Appliances, Inc. Employees Retirement Plan

  

	(a)	The following optional forms of annuity will continue to be offered under the Plan: 

  
                                       
                                        
                                        
                                        
                                        
                                        
           
  

	(b)	The forms of payment described in Section 1.19(b), (c) and/or (d) apply to the following class(es) of Participants: 

  
 Note: Please indicate if different classes of Participants are subject
to different forms of payment. 
  

	(c)	The following forms of payment were previously available under the Plan but will be eliminated as of the date specified in subsection (4) below (check the applicable (box(es)
and complete (4)): 

  

							
	 (1)
	 	 ̈	 	Installment Payments.
			
	 (2)
	 	  ̈
	 	Annuities.
				
	 	 	 (A)
	 	  ̈
	  	The normal form of payment under the Plan was a lump sum and all optional annuity forms of payment not listed under Section 1.19(c)(2)(A)(i) are eliminated. The eliminated forms of payment
include the following:
				
	 	 	 (B)
	 	  ̈
	  	The normal form of payment under the Plan was a life annuity and all annuity forms of payment not listed under Section 1.19(c)(2)(B) are eliminated. (Complete (i) and (ii) and, if
applicable, (iii).)
				
	 	 	 	 	 (i)
	  	The normal form for married Participants was a qualified joint and         % (at least 50%) survivor annuity. The normal form for
unmarried Participants was a single life annuity, unless a different form is specified below:
				
	 	 	 	 	 	  	____________________________________________________________________________________________

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 36 

							
	 	 	 	 	 (ii)
	  	The qualified preretirement survivor annuity provided to a Participant’s spouse was purchased with ____% (at least 50%) of the Participant’s Account.
				
	 	 	 	 	 (iii)
	  	The other annuity form(s) of payment previously available under the Plan included the following:
				
	 	 	 	 	 	  	_______________________________________________________________________________________________
			
	 (3)  
	 	  ̈  
	 	Other Non-Annuity Forms of Payment. All other non-annuity forms of payment that are not listed in Section 1.19(d) but that were previously available under the Plan are
eliminated. The eliminated non-annuity forms of payment include the following:
			
	 	 	 	 	__________________________________________________________________________________________________
		
	 (4)
	 	The form(s) of payment described in this Subsection (c) will not be offered to Participants who have an Annuity Starting Date which occurs on or after ____________ (cannot be
earlier than September 6, 2000). Notwithstanding the date entered above, the forms of payment described in this Subsection (c) will continue to be offered to Participants who have an Annuity Starting Date that occurs (1) within 90 days following
the date the Employer provides affected Participants with a summary that satisfies the requirements of 29 CFR 2520.104b-3 and that notifies them of the elimination of the applicable form(s) of payment, but (2) no later than the first day of the
second Plan Year following the Plan Year in which the amendment eliminating the applicable form(s) of payment is adopted.

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 37 

 ADDENDUM 
  

Re: VESTING SCHEDULE 
 for

  
 Plan Name: Gregg Appliances, Inc. Employees Retirement Plan

  

	(a)	More Favorable Vesting Schedule 

  

	 	(1)	The following vesting schedule applies to the class of Participants described in (a)(2) below: 

  
                                       
                                        
                                        
                                        
                                        
                                        

  
                                       
                                        
                                        
                                        
                                        
                                        

  
                                       
                                        
                                        
                                        
                                        
                                        

  

	 	(2)	The vesting schedule specified in (a)(1) above applies to the following class of Participants: 

  
                                       
                                        
                                        
                                        
                                        
                                        

  

	(b)	 ̈     Additional Vesting
Schedule 

  

	 	(1)	The following vesting schedule applies to the class of Participants described in (b)(2) below: 

  
                                       
                                        
                                        
                                        
                                        
                                        

  
                                       
                                        
                                        
                                        
                                        
                                        

  
                                       
                                        
                                        
                                        
                                        
                                        

  

	 	(2)	The vesting schedule specified in (b)(1) above applies to the following class of Participants: 

  
                                       
                                        
                                        
                                        
                                        
                                        

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 38 

 ADDENDUM 
  

Re: POSTPONED DISTRIBUTIONS 
 for

  
 Plan Name: Gregg Appliances, Inc. Employees Retirement Plan

  
 Postponement of Certain Distributions to Eligible Participants -
The types of distributions specified below to eligible Participants of their vested interests in their Accounts shall be postponed for the period also specified below: 
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
  
 Notwithstanding the foregoing, if the Employer selected an Early Retirement Age in Subsection 1.14(b) that is the later of an attained age or completion of a specified
number of years of Vesting Service, any Participant who terminates employment on or after completing the required number of years of Vesting Service, but before attaining the required age shall be eligible to commence distribution of his vested
interest in his Account upon attaining the required age. 
  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 39 

 ADDENDUM 
  

Re: 415 CORRECTION 
 for

  
 Plan Name: Gregg Appliances, Inc. Employees Retirement Plan

  

	(a)	Other Formula for Limiting Annual Additions to Meet 415 - If the Employer, or any employer required to be aggregated with the Employer under Code Section 415,
maintains any other qualified defined contribution plans or any “welfare benefit fund”, “individual medical account”, or “simplified medical account”, annual additions to such plans shall be limited as follows to meet
the requirements of Code Section 415: 

                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 40 

 ADDENDUM 
  

Re: 416 CONTRIBUTION 
 for

  
 Plan Name: Gregg Appliances, Inc. Employees Retirement Plan

  

	(a)	Other Method of Satisfying the Requirements of 416 - If the Employer, or any employer required to be aggregated with the Employer under Code Section 416,
maintains any other qualified defined contribution or defined benefit plans, the minimum benefit requirements of Code Section 416 shall be satisfied as follows: 

                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  
                                       
                                        
                                        
                                        
                                        
                                        
           
  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 41 

 THE CORPORATE PLAN FOR RETIREMENTSM (PROFIT SHARING/401(K) PLAN) 
  
 ADDENDUM TO ADOPTION AGREEMENT 
  
 FIDELITY BASIC PLAN DOCUMENT No. 02 
  
 RE: ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001 (“EGTRRA”) AMENDMENTS for 
  
 Plan Name: Gregg Appliances, Inc. Employees Retirement Plan 
  
 PREAMBLE 
  
 Adoption and Effective Date of Amendment. This amendment of the Plan is adopted to reflect certain provisions of the Economic
Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”). This amendment is intended as good faith compliance with the requirements of EGTRRA and is to be construed in accordance with EGTRRA and guidance issued thereunder. Except as
otherwise provided below, this amendment shall be effective as of the first day of the first plan year beginning after December 31, 2001. 
  
 Supersession of Inconsistent Provisions. This amendment shall supersede the provisions of the Plan to the extent those provisions are inconsistent with the
provisions of this amendment. 
  

	(a)	Catch-up Contributions. The Employer must select either (1) or (2) below to indicate whether eligible Participants age 50 or older by the end of a calendar year
will be permitted to make catch-up contributions to the Plan, as described in Section 5.03(b)(1): 

  

	 	(1)	þ Catch-up contributions shall apply effective January 1, 2002, unless a later effective date is specified herein,
            . 

  

	 	(2)	 ̈ Catch-up contributions shall not apply. 

  
 Note: The Employer must not select (a)(1) above unless
all plans of all employers treated, with the Employer, as a single employer under subsections (b), (c), (m), or (o) of Code Section 414 also permit catch up contributions (except a plan maintained by the Employer that is qualified under Puerto Rico
law), as provided in Code Section 414(v)(4) and IRS guidance issued thereunder. The effective date applicable to catch-up contributions must likewise be consistent among all plans described immediately above, to the extent required in Code Section
414(v)(4) and IRS guidance issued thereunder. 
  

	(b)	Plan Limit on Elective Deferral for Plans Permitting Catch-up Contributions. This Section (b) is inapplicable if the Plan converted to this Fidelity document
from any other document effective after April 1, 2002. 

  
 For Plans that permit catch-up contributions beginning on or before April 1, 2002, pursuant to (a)(1) above, the 60% Plan Limit described in Section 5.03(b)(2) shall apply beginning April 1, 2002, unless (b)(1) or (b)(2) is selected below.
For Plans that permit catch up contributions beginning after April 1, 2002, pursuant to (a)(1) above, the Plan Limit set out in Section 1.07(a)(1) shall continue to apply unless and until the Employer’s election in (b)(2) below, if any,
provides for a change in the Plan Limit. 
  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

 1 

						
	(1)	  	 ̈	 	  	The Plan Limit set out in Section 1.07(a)(1) shall continue to apply on and after April 1, 2002.
			
	(2)    	  	 ̈	 	  	The Plan Limit set out in Section 1.07(a)(1) shall continue to apply until              (cannot be before April 1, 2002),
and the Plan Limit after that date shall be         % of Compensation each payroll period.

  

	(c)	Matching Employer Contributions on Catch-up Contributions. The Employer must select the box below only if the Employer selected (a)(1) above, and the Employer
wants to provide Matching Employer Contributions on catch-up contributions. In that event, the same rules that apply to Matching Employer Contributions on Deferral Contributions other than catch-up contributions will apply to Matching Employer
Contributions on catch-up contributions. 

  

	 	 ̈	Notwithstanding anything in 2.01(1) to the contrary, Matching Employer Contributions under Section 1.10 shall apply to catch-up contributions described in Section 5.03(b)(1).

  

	(d)	Vesting of Matching Employer Contributions. Complete this section (d) only if the vesting schedule for Matching Employer Contributions under the Plan must be
amended to comply with EGTRRA. This is the case if, in the absence of an amendment, the vesting schedule for Matching Employer Contributions would not be at least as rapid as Three-Year Cliff or Six-Year Graded Vesting, effective for Participants
with at least one Hour of Service on or after the first Plan Year beginning after December 31, 2001, subject to the rule described in (2) below. Complete (d)(1) to specify the new vesting schedule; any vesting schedule changes must conform to the
requirements of Section 16.04 of the Plan. Only complete (d)(2) if your Plan is maintained pursuant to a collective bargaining agreement ratified by June 7, 2001. Complete (d)(3) if the Employer wants to apply the vesting schedule selected in (d)(1)
to only the portion of a Participant’s accrued benefits derived from Matching Employer Contributions for Plan Years beginning after December 31, 2001. 

  

	 	(1)	Vesting Schedule for Matching Employer Contributions. Unless the Employer checks the box in (d)(3) of this EGTRRA Amendments Addendum, the Vesting Schedule set forth
below shall apply to all accrued benefits derived from Matching Employer Contributions for Participants who complete an Hour of Service under the Plan in a Plan Year beginning after December 31, 2001, regardless of the Plan Year for which such
contributions are made, subject to the Employer’s election of a later effective date as indicated in (d)(2) below: 

  

	 	 ̈	100% Vesting immediately 

  

	 	 ̈	3-Year Cliff (see C below) 

  

	 	 ̈	6-Year Graded (see E below) 

  

	 	 ̈	Other Vesting Schedule (complete G3 below, but must be at least as favorable as either C or E) 

  
 Applicable Vesting Schedule 
  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 2 

										
	 Years of Vesting Service

	  	C

	 	 	E

	 	 	G3

	 
	 0
	  	0	%	 	0	%	 	___	%
	 1
	  	0	%	 	0	%	 	___	%
	 2
	  	0	%	 	20	%	 	___	%
	 3
	  	100	%	 	40	%	 	___	%
	 4
	  	100	%	 	60	%	 	___	%
	 5
	  	100	%	 	80	%	 	___	%
	 6 or more
	  	100	%	 	100	%	 	100	%

  

	 	(2)	Delayed Effective Date for Plans Subject to Collective Bargaining. If the plan is maintained pursuant to one or more collective bargaining agreements ratified by June
7, 2001, the effective date for faster vesting of Matching Employer Contributions for Participants covered by such a collective bargaining agreement can be delayed by checking the box below and inserting the effective date, which is the first day of
the first Plan Year beginning on or after the earlier of (i) January 1, 2006, or (ii) the later of the date on which the last of the collective bargaining agreements described above terminates (without regard to any extension on or after June 7,
2001), or January 1, 2002. 

  

	 	 ̈	The vesting schedule elected by the Employer in (d)(1) above shall apply to those Participants covered by a collective bargaining agreement(s) ratified by June 7, 2001, who have at
least one Hour of Service on or after             . Unless the Employer selects the box in (d)(3) below, the vesting schedule selected in (d)(1) above shall apply to the entire
accrued benefit derived from Matching Employer Contributions of such Participants with an Hour of Service in a Plan Year beginning on or after the date specified herein. For all other Participants, the vesting schedule shall apply as of the date and
in the manner described in (d)(1) and, where applicable, (d)(3). 

  

	 	(3)	Grandfathered Application of Prior Vesting Schedule. The Employer must check the box below only if the Employer wants to grandfather an existing vesting schedule and
apply the vesting schedule that the Employer selected in (d)(1) above to only that portion of a Participant’s accrued benefit derived from Matching Employer Contributions for Plan Years beginning after December 31, 2001, (and/or for Plan Years
beginning on or after the date specified in (d)(2), for any Participants subject to (d)(2), if selected by the Employer). 

  

	 	 ̈	The Vesting Schedule in (d)(1) above shall apply only to the portion of a Participant’s accrued benefits derived from Matching Employer Contributions under the Plan in a Plan
Year beginning after December 31, 2001, or such later date applicable to the Participant if specified in (d)(2) above. 

  

	(e)	 Rollovers of After-Tax Employee Contributions to the Plan. The Employer must mark the box below only if the Employer does not want the Plan to
accept Participant Rollover Contributions of qualified plan after-tax 

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 3 

	 	 
employee contributions, as described in Section 5.06, which would otherwise be effective for distributions after December 31, 2001:

  

	 	 ̈	Participant Rollover Contributions or direct rollovers of qualified plan after-tax employee contributions shall not be accepted by the Plan at any time. 

  

	(f)	Application of the Same Desk Rule. The Employer must mark the box below only if the Employer wants to discontinue the application of the same desk rule set
forth in Section 12.01(a). 

  

	 	 ̈	Effective for distributions from the Plan after December 31, 2001, or such later date as specified herein
            , a Participant’s elective deferrals, qualified nonelective contributions and qualified matching contributions, if applicable, and earnings attributable to such
amounts shall be distributable, upon a severance from employment as described in Section 12.01(b), effective only for severances occurring after              (or, if no date is
entered, regardless of when the severance occurred). 

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 4 

 Amendment Execution 
  
 (Fidelity’s Copy) 
  
 IN WITNESS WHEREOF, the Employer has caused this Amendment to be executed this 29th day of January, 2005. 
  

									
					
	 Employer:
	 	 Gregg Appliances, Inc.
	 	 	 	 Employer:
	 	 
					
	 By:
	 	 /s/ Michael D. Stout
	 	 	 	 By:
	 	 
	 Title:
	 	 Secretary
	 	 	 	 Title:
	 	 
	 	 	 	 	 	 	 	 	 

  
 Accepted by: Fidelity
Management Trust Company, as Trustee 
  

									
					
	 By:
	 	 Joan M. Berning
	 	 	 	 Date:
	 	 February 11, 2005

	 Title:
	 	 Authorized Signatory
	 	 	 	 	 	 

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 5 

 Amendment Execution 
  
 (Employer’s Copy) 
  
 IN WITNESS WHEREOF, the Employer has caused this Amendment to be executed this 29th day of January, 2005. 
  

									
					
	 Employer:
	 	 Gregg Appliances, Inc.
	 	 	 	 Employer:
	 	 
					
	 By:
	 	 Michael D. Stout
	 	 	 	 By:
	 	 
	 Title:
	 	 Secretary
	 	 	 	 Title:
	 	 

  
 Accepted by: Fidelity
Management Trust Company, as Trustee 
  

									
					
	 By:
	 	 /s/ Joan M. Berning
	 	 	 	 Date:
	 	 February 11, 2005

	 Title:
	 	 Secretary
	 	 	 	 	 	 

  

			
	 Plan Number: 31022
 The CORPORATEplan for RetirementSM
	  	 Non-Std PS Plan
 10/09/2003

	 ©2003 FMR Corp.
 All rights reserved.

  
 6Form of 6% Junior Subordinated Note

 Exhibit 10.7 
  
 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF
SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SAID ACT AND APPLICABLE STATE SECURITIES LAWS. 
  
 6% JUNIOR SUBORDINATED NOTE 
  

			
	 $________________
	  	February 3, 2005

  
 FOR VALUE RECEIVED,
the undersigned, Gregg Appliances, Inc., an Indiana corporation (“Borrower”), HEREBY PROMISES TO PAY to the order of
                                     (the
“Holder”), the principal amount of
                                        
         ($                        ), together with interest accrued on the
unpaid principal amount of this Note, payable as provided herein. This Note is being issued to the Holder pursuant to the Merger Agreement. Simultaneously with the execution and delivery of this Note by Borrower and pursuant to the Merger Agreement,
Borrower is executing and delivering certain other Junior Creditor Agreements in favor of the other Junior Creditors. 
  
 Certain capitalized terms used in this Note are defined in Schedule A attached hereto. 
  
 ARTICLE I 
  
 TERMS OF PAYMENT 
  
 SECTION 1.01. Payment of Principal. The full principal amount of this Note and any interest accrued, but unpaid, as of such date shall be payable
on February 3, 2015 (the “Maturity Date”). 
  
 SECTION
1.02. Interest. (a) Interest shall accrue on the outstanding principal amount of this Note at a rate per annum equal to six percent (6%). Interest shall be payable in cash in arrears semiannually on February 1 and August 1 of each year,
unless prohibited by Section 2.02 below, and on the date on which the principal amount of this Note is paid in full. The first interest payment shall be made on August 1, 2005. 
  
 (b) Notwithstanding the foregoing, the outstanding principal amount of this Note will be increased by the amount of any
interest payment not paid on the date due in full in cash pursuant to Section 1.02(a) as a result of the prohibition of such payment pursuant to Section 2.02 below. 
  

 SECTION 1.03. Optional Prepayments. Subject to the provisions of Articles II and III below,
Borrower may, on any Business Day, prepay the then outstanding principal amount of this Note, in whole or in part, together with accrued interest to the date of such prepayment on the principal amount prepaid. Borrower shall give the Holder written
notice of the optional prepayment under this Section 1.02 not less than 10 days and not more than 30 days prior to the Business Day fixed for such prepayment. Any prepayments made to the Holder pursuant to this Section 1.03 shall be made on a pro
rata basis with the other Junior Creditors, unless the Holder and the other Junior Creditors otherwise consent in writing. All sums received as prepayment shall first be applied in payment of accrued but unpaid interest, if any, and the excess
shall be applied to the unpaid principal amount. 
  
 SECTION 1.04.
Mandatory Prepayment. Subject to the provisions of the Senior Debt Agreements and Articles II and III below, Borrower shall pay this Note in full, together with all accrued and unpaid interest to the date of such prepayment on the principal
amount outstanding, in connection with (i) a Change of Control or (ii) a Public Equity Offering, in each case on a Business Day not more than 30 days after the date of occurrence of the Change of Control or consummation of the Public Equity
Offering, as applicable, as provided in a written notice from Borrower to the Holder not less than 10 days and not more than 30 days prior to the date fixed for such prepayment; provided that in the case of a mandatory prepayment pursuant to
clause (ii) above, the principal amount of this Note that may be prepaid with the proceeds of a Public Equity Offering shall be subject to the restrictions set forth in Section 2.2 below. 
  
 SECTION 1.05. Payments and Computations. (a) Borrower shall make each payment hereunder not later than at 11:00 A.M.
(New York City time) on the day when due in United States dollars to the Holder in same day funds. 
  
 (b) All computations of interest shall be made on the basis of a 360-day year comprised of twelve 30-day months for the actual number of days (including
the first day but excluding the last day) occurring in the period for which such interest is payable. 
  
 (c) Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding
Business Day, and such extension of time shall in such case be included in the computation of payment of interest. 
  
 SECTION 1.06. Default Notice. So long as any principal amount of this Note shall remain unpaid, Borrower shall, unless the Holder shall otherwise
consent in writing, furnish to the Holder as soon as possible and, in any event, within two days after the occurrence of each Event of Default, as defined below, continuing on the date of such statement, a statement of the chief financial officer of
Borrower setting forth the details of such Event of Default and the action that Borrower has taken and proposes to take with respect thereto. 
  
 SECTION 1.07. Events of Default. If any of the following events shall occur and be continuing (in each case, an “Event of Default”):

  
 (a) Borrower shall fail to pay any principal of, or, subject
to Section 1.02(b) above, interest on, this Note within three (3) Business Days of the date due; or 
  

 2 

 (b) An involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of
competent jurisdiction seeking (i) relief in respect of Borrower, or of a substantial part of the property or assets of Borrower, under any applicable bankruptcy, insolvency, receivership or similar law, (ii) the appointment of a receiver, trustee,
custodian, sequestrator, conservator or similar official for Borrower or for a substantial part of the property or assets of Borrower or (iii) the winding-up or liquidation of either Borrower or any of its subsidiaries; and such proceeding or
petition shall continue undismissed or unstayed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 
  
 (c) Borrower shall (i) voluntarily commence any Insolvency Proceeding, (ii) consent to the institution of, or fail to contest in a timely and appropriate
manner or file an answer admitting the material allegations of a petition filed against it, in any Insolvency Proceeding, (iii) admit in writing its inability or fail generally to pay its debts as they become due or (iv) take any corporate action
for the purpose of effecting any of the foregoing; or 
  
 (d)
Prior to the consummation of a Public Equity Offering, Borrower’s board of directors declares a dividend or other distribution in favor of the shareholders of Borrower other than the repurchase, redemption or other acquisition or retirement for
value of any Equity Interests of Borrower or any subsidiary of Borrower held by any current or former officer, director or employee of Borrower or any of its subsidiaries pursuant to any equity subscription agreement, stock option agreement,
shareholders agreement or similar agreement; 
  
 (e) Borrower
loans money or otherwise pays any fees to Freeman Spogli & Co. LLC (or any successor entity thereof or other entity controlled by the principals of Freeman Spogli & Co. LLC) other than payment of fees by Borrower for any financial or mergers
and acquisitions advisory, financing, underwriting or placement services (whether structured as a fee or an underwriting discount) in connection with financings, acquisitions or divestitures (provided that such fees for any such transaction (a) do
not exceed the greater of 2% of the transaction value or 5% of the amount of any new equity invested by Freeman Spogli & Co. LLC in connection with such transaction and (b) shall be approved by a majority of the disinterested members of the
Board of Directors of the Company); 
  
 then, and in any such event, the Holder
may, by notice to Borrower, declare this Note, all interest thereon and all other amounts payable under this Note, subject to the terms and conditions of Article II below, to be forthwith due and payable, whereupon this Note, all such interest and
all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by Borrower. In addition, if an Event of Default has occurred and is
continuing, from and after the date such Event of Default occurred the entire outstanding principal amount of this Note, and to the extent permitted by applicable law, any unpaid interest from time to time due thereon will bear interest, payable on
demand, at the rate of eight percent (8%) per annum. Interest payable pursuant to this section 1.07 that is in excess of, or at a time other than, regularly scheduled interest payments shall not be paid in cash or otherwise and the outstanding
principal amount of this Note shall be increased by such amount. 
  

 3 

 ARTICLE II 
  
 SUBORDINATION OF NOTE 
  
 SECTION 2.01. Subordination. Except as specifically set forth in Section 2.02 below, the Holder hereby subordinates its right to payment and
satisfaction of this Note and the payment thereof, directly or indirectly, by any means whatsoever, is deferred, to the Payment in Full of all of the Senior Debt, to the extent and manner provided herein. The Holder agrees that, notwithstanding any
rights or remedies available to it under this Note, applicable law or otherwise, until the Payment in Full of the Senior Debt, the Holder shall not, directly or indirectly, (a) seek to collect from Borrower under this Note or commence any legal
proceeding for such purpose or exercise any of its rights or remedies upon a default or event of default by Borrower under the this Note or (b) commence any Insolvency Proceedings against Borrower or its properties or (c) take any other action
against Borrower or its properties. 
  
 SECTION 2.02. Permitted
Payments. Notwithstanding anything to the contrary contained in Section 2.01 hereof, unless a Default or an Event of Default as defined in and under any of the Senior Debt Agreements has occurred and is continuing, (a) Borrower may make and the
Holder may receive and retain only regularly scheduled payments of interest, on an unaccelerated basis, in respect of this Note in accordance with its terms as in effect on the date hereof and payment of principal on the Maturity Date, and (b)
Borrower may make a prepayment in respect of the outstanding principal amount of this Note upon the occurrence of a Change of Control or Public Equity Offering, as provided in Section 1.04; provided, that, on the date of any such payment and after
giving effect thereto, each of the following conditions is satisfied (prior to the Payment in Full of the Senior Debt arising under the Senior Loan Documents, in the determination of Senior Loan Agent): (i) the principal amount of this Note that may
be prepaid with the proceeds of a Public Equity Offering shall be subject to reduction by such amount as the lead underwriter of such Public Equity Offering shall determine to be appropriate in order to ensure the successful execution and
consummation of such Public Equity Offering, (ii) prior to the Payment in Full of the Senior Debt arising under the Senior Loan Documents, Excess Availability (as defined in the Senior Loan Agreement) of Borrower shall not be less than $15,000,000,
and (iii) no Default or Event of Default as defined in and under any of the Senior Debt Agreements shall exist or have occurred and be continuing. 
  
 SECTION 2.03. Distributions. 
  
 (a) In the event of any distribution, division, or application, partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or
any part of the assets of Borrower or the proceeds thereof to the creditors of Borrower or readjustment of the obligations and indebtedness of Borrower in any Insolvency Proceeding or upon the sale of all or substantially all of Borrower’s
assets, then, and in any such event, (i) Senior Creditors shall first receive Payment in Full of all of the Senior Debt prior to the payment of all or any part of this Note, and (ii) Senior Creditors shall be entitled to receive any payment or
distribution of any kind or character, whether in cash, securities or other property, which is payable or deliverable in respect of any or all of this Note, ratably in accordance with the amount of the Senior Debt owed to each Senior Creditor, after
giving effect to all the payments Senior Loan Agent and Senior 

  

 4 

 
Loan Lenders are entitled to receive as a secured creditor of Borrower, and in accordance with applicable law. 
  
 (b) The Holder hereby authorizes and empowers Senior Loan Agent in any
Insolvency Proceeding to file a proof of claim on behalf of the Holder with respect to this Note (i) if the Holder fails to file such proof of claim prior to thirty (30) days before the expiration of the time period during which such claims must be
submitted, or (ii) if Senior Loan Agent, in good faith, determines that any statements or assertions in a proof of claim filed by the Holder are not consistent with the terms and conditions hereof; provided, that any failure of Senior Loan Agent to
file such proof of claim shall not be deemed to be a waiver by Senior Creditors of any of the rights and benefits granted herein by the Holder. The Holder shall provide Senior Loan Agent with a copy of any proof of claim filed by the Holder in any
Insolvency Proceeding. 
  
 (c) The Holder hereby irrevocably
grants Senior Loan Agent the authority and power in any Insolvency Proceeding, unless and until the Payment in Full of all of the Senior Debt is made: (i) to accept and receive any payment or distribution which may be payable or deliverable at any
time upon or in respect of this Note; and (ii) to take such other action as may be necessary or advisable to effectuate the foregoing, which distributions and payments shall be shared by the Senior Creditors in accordance with Section 2.03(a)
hereof. The Holder shall provide to the Senior Loan Agent, the Senior Note Trustee and the other representatives of the Senior Creditors, if any, all information and documents necessary to present claims or seek enforcement as described in the
immediately preceding sentence. To the extent necessary for Senior Creditors to realize the benefits of the subordination of this Note provided for herein (including the right to receive any payment and distributions which might otherwise be payable
or deliverable in respect of this Note in any Insolvency Proceeding or otherwise), the Holder shall execute and deliver to the Senior Loan Agent and the Senior Note Trustee, as the case may be, such instruments or documents (together with such
assignments or endorsements as the Senior Loan Agent or the Senior Note Trustee, as the case may be, shall deem necessary), as may be requested by the Senior Loan Agent or the Senior Note Trustee, as the case may be. 
  
 (d) The Holder hereby agrees that, while it shall retain the right to vote
its claims and, except as otherwise provided in this Note, otherwise act in any Insolvency Proceeding relative to Borrower (including, without limitation, the right to vote to accept or reject any plan of partial or complete liquidation,
reorganization, arrangement, composition, or extension), the Holder shall not: (i) take any action or vote in any way so as to directly or indirectly challenge or contest (A) the validity or the enforceability of any of the Senior Debt Agreements or
the liens and security interests granted to Senior Loan Agent with respect to the Senior Debt under the Senior Loan Documents and any other secured Senior Debt, (B) the rights and duties of the Senior Creditors established in any of the Senior Debt
Agreements, or (C) the validity or enforceability of this Note; (ii) seek, or acquiesce in any request, to dismiss any Insolvency Proceeding or to convert an Insolvency Proceeding under Chapter 11 of the Bankruptcy Code to a case under Chapter 7 of
the Bankruptcy Code; (iii) seek, or acquiesce in any request for, the appointment of a trustee or examiner with expanded powers for Borrower; (iv) propose, vote in favor of or otherwise approve a plan of reorganization, arrangement or liquidation,
or file any motion or pleading in support of any plan of reorganization, arrangement or liquidation, unless it provides that for the Payment in Full of the Senior Debt or unless Senior Creditors have approved of the treatment of their claims with
respect to the Senior Debt under 

  

 5 

 
such plan; (v) object to the treatment under a plan of reorganization or arrangement of the claims with respect to the Senior Debt; (vi) seek relief from the
automatic stay of Section 362 of the Bankruptcy Code or any other stay in any Insolvency Proceeding in respect of any portion of the Collateral (as defined in the Senior Loan Agreement); or (vii) directly or indirectly oppose any relief requested or
supported by Senior Creditors, including any sale or other disposition of property free and clear of the liens and security interests of the Holder under Section 363(f) of the Bankruptcy Code or any other similar provision of applicable law.

  
 (e) Senior Creditors shall not in any event be liable for: (i)
any failure to prove this Note; (ii) any failure to exercise any rights with respect thereto; (iii) any failure to collect any sums payable thereon; or (iv) any impairment or nonpayment of this Note that results, directly or indirectly, from the
exercise by Senior Creditors of any of their rights or remedies under this Note, any of the Senior Debt Agreements or under applicable law. 
  
 (f) (i) Upon the Payment in Full of the Senior Debt arising under the Senior Loan Documents and prior to Payment in Full of the Senior Debt arising under
the Senior Note Documents, (A) the authorization of the Senior Loan Agent to take all actions permitted under Sections 2.03(a), (b) and (c) and 2.04 hereof shall terminate, (B) each Senior Creditor hereby authorizes and empowers Senior Note Trustee
to take all actions permitted under Sections 2.03(a), (b) and (c) and 2.04 hereof and (C) the Holder shall make all payments otherwise required to be made to Senior Loan Agent pursuant to Section 2.04 hereof to the Senior Note Trustee and (ii) upon
the Payment in Full of the Senior Debt arising under the Senior Note Agreements, the authorization of the Senior Note Trustee to take all actions permitted under Sections 2.03(a), (b) and (c) and 2.04 hereof shall terminate. 
  
 SECTION 2.04. Payments Received by the Holder. Except for payments
received by the Holder as permitted in Section 2.02 hereof, and subject to Section 2.03(a) hereof, should any payment or distribution or security or instrument or proceeds thereof be received by the Holder in respect of the this Note, the Holder
shall receive and hold the same in trust, as trustee, for the benefit of Senior Creditors, segregated from other funds and property of the Holder and shall (a) at all times prior to the Payment in Full of the Senior Debt arising under the Senior
Loan Documents, forthwith deliver the same to Senior Loan Agent (together with any endorsement or assignment of the Holder where necessary), for application to any of the Senior Debt arising under the Senior Loan Documents and (b) at all times after
the Payment in Full of the Senior Debt arising under the Senior Loan Documents, forthwith deliver the same to Senior Note Trustee (together with any endorsement or assignment of the Holder where necessary), for application to any of the Senior Debt
arising under the Senior Note Agreements. In the event of the failure of the Holder to make any such endorsement or assignment to Senior Loan Agent or Senior Note Trustee, as applicable, Senior Loan Agent or Senior Note Trustee, as applicable, or
any of their respective officers or employees, are hereby irrevocably authorized on behalf of the Holder to make the same. 
  
 SECTION 2.05. Term of Subordination. The provisions of this Article II shall remain in full force and effect until the Payment in Full of all of
the Senior Debt. 
  

 6 

 ARTICLE III 
  
 COVENANTS 
  
 SECTION 3.01. Additional Covenants. The Holder and Borrower agree in favor of Senior Creditors that: 
  
 (a) except as specifically set forth in Section 2.02 hereof, Borrower shall
not, directly or indirectly, make and the Holder shall not, directly or indirectly, accept or receive any payment of principal or interest or any prepayment or non-mandatory payment or any payment pursuant to acceleration or claims of breach;

  
 (b) Borrower shall not grant to the Holder, and the Holder
shall not acquire, any security interest, lien, claim or encumbrance on any assets or properties of Borrower or any guarantees for any of this Note; 
  
 (c) The Holder and Borrower shall execute and deliver to Senior Loan Agent and Senior Note Trustee such additional agreements, documents and instruments
and take such further actions as may be necessary or desirable in the opinion of Senior Loan Agent or Senior Note Trustee to effectuate the provisions and purposes of Article II of this Note; and 
  
 (d) The Holder and Borrower shall, at any time or times upon the request of
Senior Loan Agent or Senior Note Trustee, promptly furnish to Senior Loan Agent or Senior Note Trustee, as applicable, a true, correct and complete statement of the aggregate principal amount outstanding of this Note. 
  
 SECTION 3.02. Additional Representations and Warranties. The Holder
and Borrower represent and warrant to Senior Creditors that: 
  
 (a) the Holder has no security interest, lien, claim or encumbrance on any assets and properties of Borrower and this Note is unsecured; 
  
 (b) as of the date hereof, no Event of Default, or event which with notice or passage of time or both would constitute an Event of Default exists or has
occurred under this Note; 
  
 (c) the Holder is the exclusive
legal and beneficial owner of this Note; 
  
 (d) this Note is not
subject to any lien, security interest, financing statements, subordination, assignment or other claim, except in favor of Senior Creditors; and 
  
 (e) this Note constitutes the legal, valid and binding obligation of the Holder, enforceable in accordance with its terms. 
  
 SECTION 3.03. Waivers. Notice of acceptance hereof, the making of
loans, advances and extensions of credit or other financial accommodations to, and the incurring of any expenses by or in respect of, Borrower by Senior Creditors, and presentment, demand, protest, notice of protest, notice of nonpayment or default
and all other notices to which the Holder and 

  

 7 

 
Borrower are or may be entitled are hereby waived (except as expressly provided for herein or as to Borrower, in any of the Senior Debt Agreements). The
Holder also waives notice of, and hereby consents to, (a) any amendment, modification, supplement, renewal or restatement of any of the Senior Debt Agreements or extensions of time of payment of or increase or decrease in the amount of any of the
Senior Debt or any collateral at any time granted to or held by Senior Loan Agent, (b) the taking, exchange, surrender and releasing of collateral at any time granted to or held by Senior Loan Agent or guarantees now or at any time held by or
available to Senior Creditors in respect of the Senior Debt or any other person at any time liable for or in respect of the Senior Debt, (c) the exercise of, or refraining from the exercise of any rights against Borrower or any other obligor or any
collateral at any time granted to or held by Senior Loan Agent, (d) the settlement, compromise or release of, or the waiver of any default with respect to, any of the Senior Debt, and/or (e) Senior Creditors’ election, in any proceeding
instituted under the Bankruptcy Code of the application of Section 1111(b)(2) of the Bankruptcy Code. Any of the foregoing shall not, in any manner, affect the terms hereof or impair the obligations of the Holder hereunder. The Holder acknowledges
and agrees that all of the Senior Debt shall be deemed to have been made or incurred, and Senior Creditors have entered into the Senior Loan Documents and the Senior Note Agreements, respectively, in reliance upon the provisions of this Note,
including without limitation Articles II and III hereof, and Senior Creditors are and shall be deemed to be third party beneficiaries of this Note. 
  
 SECTION 3.04. Subrogation; Marshalling. The Holder shall not be subrogated to, or be entitled to any assignment of any Senior Debt or of any
collateral for or guarantees or evidence of any thereof until all of the Payment in Full of all of the Senior Debt. The Holder hereby waives any and all rights to have any collateral or any part thereof granted to or held by Senior Loan Agent
marshaled upon any foreclosure or other disposition of such collateral by Senior Loan Agent or Borrower with the consent of Senior Loan Agent. 
  
 SECTION 3.05. No Offset. In the event the Holder at any time incurs any obligation to pay money to Borrower, the Holder hereby irrevocably agrees
that it shall pay such obligation in cash or cash equivalents in accordance with the terms of the contract governing such obligation and shall not deduct from or setoff against any amounts owed by the Holder to Borrower in connection with any such
transaction any amounts the Holder claims are due to it with respect to this Note. In the event that either (a) Borrower has an indemnification claim against the Holder pursuant to Article X of the Merger Agreement or (b) Borrower has a claim
against the Holder relating to an actual or claimed breach or other violation by the Holder of any contract to which Borrower and the Holder are parties (including, without limitation, the Merger Agreement), Borrower hereby irrevocably agrees that
it shall proceed against the Holder in accordance with Article X of the Merger Agreement or the terms of the contract governing such breach or violation, as the case may be, and shall not deduct from or setoff against any amounts owed by Borrower to
the Holder in connection with any amounts due with respect to this Note. 
  
 ARTICLE IV 
  
 MISCELLANEOUS 
  
 SECTION 4.01. Amendments, Etc. (a) No amendment, modification or
waiver of any provision of this Note, and no consent to any departure by Borrower herefrom, shall in 

  

 8 

 
any event be effective unless the same shall be in writing and signed by the Holder, the Senior Loan Agent (at all times prior to the Payment in Full of the
Senior Debt arising under the Senior Loan Documents) and the Senior Note Trustee (at all times prior to the Payment in Full of the Senior Debt arising under the Senior Note Documents), and then such amendment, modification, waiver or consent shall
be effective only in the specific instance and for the specific purpose for which given. 
  
 (b) Subject to the rights of any Senior Creditors set forth herein, which shall not be affected by this Section 4.01(b), (i) this Note may be modified or amended only by an agreement in writing signed by Borrower and
the Stockholders Representative (as defined in the Merger Agreement) acting on behalf of the Holder; (ii) any waiver of any term, covenant or provision of this Note shall be effective only if given in writing by the Stockholders Representative
acting on behalf of the Holder; and (iii) no action on or with respect to this Note (including those contemplated in Section 2.03(d) hereof) may be taken except by the Stockholders Representative acting on behalf of the Holder. 
  
 SECTION 4.02. Expenses. Borrower hereby agrees upon demand to pay to
the Holder the amount of any and all reasonable expenses, including the reasonable fees and expenses of its counsel, which the Holder may incur in connection with the exercise or enforcement of any of the rights of the Holder hereunder. 

 
 SECTION 4.03. Waivers; Remedies. No failure on the part of the
Holder to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right.
The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 
  
 SECTION 4.04. Assignment. 
  
 (a) This Note shall not be negotiable, assignable or transferable; provided that upon the death of the Holder, this Note may be transferred to the Holder’s successors, assigns, heirs, executors or administrators. Any assignment or
transfer in contradiction of this Section shall be null and void. 
  
 (b) This Note shall be binding upon the parties hereto and their respective successors and assigns and shall inure to the benefit of the Holder and Senior Creditors and their respective successors, participants and assigns. 
  
 (c) In connection with any participation or other transfer or assignment of
the Senior Debt arising pursuant to the Senior Loan Documents, Senior Loan Agent and Senior Loan Lenders (i) may disclose to such assignee, participant or other transferee or assignee all documents and information which Senior Loan Agent or any
Senior Loan Lenders now or hereafter may have relating to the Senior Debt or any Collateral (as defined in the Senior Loan Documents) and (ii) may disclose to such participant or other transferee or assignee the existence and terms and conditions of
this Note. 
  
 (d) In connection with any assignment or transfer
of any or all of the Senior Debt, or any or all rights of Senior Creditors in the property of Borrower (other than pursuant to 

  

 9 

 
a participation), the Holder agrees to execute and deliver an agreement containing terms substantially identical to those contained herein in favor of any
such assignee or transferee and, in addition, will execute and deliver an agreement containing terms substantially identical to those contained herein in favor of any third person who succeeds to or replaces or refinances any or all of Senior
Creditors’ financing of Borrower, whether such successor financing or replacement or refinancing occurs by transfer, assignment, refinancing, “takeout” or any other means. 
  
 SECTION 4.05. Insolvency. The terms of this Note shall be applicable both before and after the filing of any petition
by or against Borrower under the Bankruptcy Code and all converted or succeeding cases in respect thereof, and all references herein to Borrower shall be deemed to apply to a trustee for Borrower and Borrower as debtor-in-possession. The relative
rights of Senior Creditors and the Holder to repayment of the Senior Debt and the Indebtedness arising pursuant to this Note, respectively, and in or to any distributions from or in respect of Borrower or any proceeds of Borrower’s property and
assets, shall continue after the filing thereof on the same basis as prior to the date of the petition, subject to any court order approving the financing of, or use of cash collateral by, Borrower as debtor-in-possession. 
  
 SECTION 4.06. Bankruptcy Financing. If Borrower shall become subject
to a proceeding under the Bankruptcy Code and if Senior Loan Agent and Senior Loan Lenders desire to permit the use of cash collateral or to provide financing to Borrower under either Section 363 or Section 364 of the Bankruptcy Code, the Holder
agrees as follows: (a) adequate notice to the Holder shall have been provided for such financing or use of cash collateral if the Holder receives notice two (2) business days prior to the entry of the order approving such financing or use of cash
collateral and (b) no objection will be raised by such the Holder to any such use of cash collateral or financing. 
  
 SECTION 4.07. Notices. All notices, requests and demands to or upon the respective parties hereto shall be in writing and shall be deemed to have
been duly given or made: if delivered in person, immediately upon delivery; if by telex, telegram or facsimile transmission, immediately upon sending and upon confirmation of receipt; if by nationally recognized overnight courier service with
instructions to deliver the next business day, one (1) business day after sending; and if mailed by certified mail, return receipt requested, five (5) days after mailing. All notices, requests and demands are to be given or made to the respective
parties at their addresses set forth below (or to such other addresses as any party may designate by notice in accordance with the provisions of this Section: 
  

	 	(a)	to Senior Creditors: 

  
 Congress Financial Corporation (Central), as Agent 
 150 South Wacker Drive 
 Chicago, Illinois 60606 
 Attention: Portfolio Manager — Gregg Appliances 
  
 and 
  

 10 

 Wells Fargo Bank, N.A. 
 213 Court Street 
 Suite 703 
 Middletown, CT 06457 
 Attention: Corporate Trust Services 
  

	 	(b)	to Holder: 

  
 [Namee] 
 [Address] 
 [Address] 
  

	 	(c)	to Borrower: 

  
 Gregg Appliances, Inc. 
 4151 East 96th Street

 Indianapolis, Indiana 46240 
 Attention: Chief Executive Officer 
  
 With notice to
Freeman Spogli & Co. LLC: 
  
 Freeman Spogli & Co. LLC

 299 Park Avenue 
 20th Floor

 New York, NY 10171 
  
 SECTION 4.08. Severability. In case any provision or obligation under this Note shall be invalid, illegal or unenforceable in any jurisdiction, the
validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 
  
 SECTION 4.09. Consent to Jurisdiction; Waiver of Jury Trial. Each of
the parties hereto hereby irrevocably consents to the non-exclusive jurisdiction of the Supreme Court of the State of New York for New York County, New York and the United States District Court for the Southern District of New York and waives trial
by jury in any action or proceeding with respect to this Note. 
  
 SECTION 4.10. Governing Law. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT EXCLUDING (to the greatest extent permitted by law) ANY PRINCIPLES OF CONFLICTS OF LAW OR OTHER RULE
OF LAW THAT WOULD RESULT IN THE APPLICATION OF THE LAW OF ANY JURISDICTION OTHER THAN THE LAWS OF THE STATE OF NEW YORK. 
  
 SECTION 4.11. No Third Parties Benefited. Except as expressly provided in Section 4.04 hereof, this Note is solely for the benefit of Borrower, the
Holder and the Senior Creditors and their respective successors, participants and assigns, and no other person shall have any right, benefit, priority or interest under, or because of the existence of, this Note. 
  

 11 

 IN WITNESS WHEREOF, the parties hereto have caused this Note to be duly executed as of the date first
above written. 
  

			
	 GREGG APPLIANCES, INC.

		
	By:	 	 
	 	 	 Name:

	 	 	 Title:

	
	 [NAME OF HOLDER]

		
	By:	 	 
	 	 	 Name:

  

 12 

  
 Schedule A

  
 Definitions 
  
 “Bankruptcy Code” means the United States Bankruptcy Code, being Title 11 of
the United States Code as enacted in 1978, as the same has heretofore been or may hereafter be amended, recodified, modified or supplemented, together with all rules, regulations and interpretations thereunder or related thereto. 
  
 “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and
Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” shall be deemed to have beneficial
ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent condition. The
terms “Beneficially Owns” and “Beneficially Owned” shall have a corresponding meaning. 
  
 “Borrower” means Gregg Appliances, Inc., an Indiana corporation, and its successors and assigns, including, without limitation, a receiver, trustee or debtor-in-possession on behalf of such person or
on behalf of any such successor or assign. 
  
 “Business Day”
means any day other than a Saturday, a Sunday or a day on which commercial banking institutions are authorized or required by law, regulation or executive order to close in New York City. 
  
 “Capital Stock” means: (1) in the case of a corporation, corporate stock; (2) in the case of an association or business
entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; (3) in the case of a partnership or limited liability company, partnership or membership interests (whether general or
limited) or membership interests; and (4) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 
  
 “Change of Control” means (1) the direct or indirect sale, transfer,
conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of Borrower and its subsidiaries, taken as a whole, to any
“person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than Permitted Holders; (2) the adoption of a plan relating to the liquidation or dissolution of Borrower; (3) (a) prior to the occurrence of a Public Market,
any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) other than a Permitted Holder becomes the ultimate beneficial owner, directly or indirectly, of more than 50% of the voting power of
the Voting Stock of Borrower; and (b) after the occurrence of a Public Market, any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) other than a Permitted Holder becomes the ultimate
Beneficial Owner, directly or indirectly, of 35% or more of the voting power of the Voting Stock of Borrower, and the Permitted Holders beneficially own a lesser percentage of such voting power of the Voting Stock than such Person and do not have
the right or ability by voting power, contract or otherwise to elect or designate for election a majority of Borrower’s board of directors; (4) the first day on which a majority of 

  

 A-1 

 
the members of the board of directors of Borrower are not Continuing Directors; or (5) Borrower consolidates with, or merges with or into, any Person, or any
Person consolidates with, or merges with or into Borrower, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of Borrower or such other Person is converted into or exchanged for cash, securities or other
property, other than any such transaction where (a) the Voting Stock of Borrower outstanding immediately prior to such transaction is converted into or exchanged for Voting Stock (other than Disqualified Stock) of the surviving or transferee Person
constituting a majority of the outstanding shares of such Voting Stock of such surviving or transferee Person (immediately after giving effect to such issuance) and (b) immediately after such transaction, no “person” or “group”
(as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than a Permitted Holder, becomes, directly or indirectly, the beneficial owner (as defined above) of 35% or more of the voting power of all classes of Voting Stock of
the surviving or transferee Person (unless the Permitted Holders beneficially own an equal or greater percentage of such voting power of the Voting Stock than such Person and have the right or ability by voting power, contract or otherwise to elect
or designate for election a majority of Borrower’s board of directors). 
  
 “Continuing Director” means, as of any date of determination, any member of the board of directors of Borrower who: (1) was a member of such board of directors on the date of the Note Indenture; or (2) was nominated for
election or elected to such board of directors with the approval of a majority of the Continuing Directors who were members of such board of directors at the time of such nomination or election. 
  
 “Equity Interests” means Capital Stock and all warrants, options or other
rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 
  
 “Guarantor” means HHG Distributing, LLC, an Indiana limited liability company, and its successors and assigns, including, without limitation, a receiver,
trustee or debtor-in-possession on behalf of such person or on behalf of any such successor or assign. 
  
 “Indebtedness” means, without duplication, with respect to any Person, any liability, whether or not contingent, in each case as determined in accordance with generally accepted accounting principles
set forth in the opinions and pronouncements of the Public Company Accounting Oversight Board, which are in effect on the date hereof (“GAAP”) (1) in respect of borrowed money (whether or not the recourse of the lender is to the whole of
the assets of such Person or only to a portion thereof) or evidenced by bonds, notes, debentures or similar instruments; (2) representing the balance deferred and unpaid of the purchase price of any property or services (except any such balance that
constitutes an account payable to a trade creditor created, incurred, assumed or guaranteed in the ordinary course of business in connection with obtaining goods, materials or services); (3) all obligations as lessee under leases which have been, or
should be, in accordance with GAAP capitalized on a balance sheet (“capital leases”); (4) any contractual obligation, contingent or otherwise, of such Person to pay or be liable for the payment of any indebtedness described in this
definition of another Person, including, without limitation, any such indebtedness, directly or indirectly guaranteed, or any agreement to purchase, repurchase, or otherwise acquire such indebtedness, obligation or liability or any security
therefor, or to provide funds for the payment or discharge thereof, or to maintain solvency, assets, level of 

  

 A-2 

 
income, or other financial condition; (5) all reimbursement obligations and other liabilities of such Person with respect to surety bonds (whether bid,
performance or otherwise), letters of credit, banker’s acceptances, drafts or similar documents or instruments issued for such Person’s account; (6) all Indebtedness of such Person in respect of indebtedness of another Person for borrowed
money or indebtedness of another Person otherwise described in this definition which is secured by any consensual lien, security interest, collateral assignment, conditional sale, mortgage, deed of trust, or other encumbrance on any assets of such
Person, whether or not such obligations, liabilities or indebtedness are assumed by or are a personal liability of such Person, all as of such time; provided, that, for the purposes hereof, to the extent such Indebtedness referred to in this clause
(6) is non-recourse to such Person, the amount of such Indebtedness shall not be deemed to exceed the lesser of (i) the principal amount of such Indebtedness or (ii) the value of the asset(s) securing such Indebtedness; and (7) all obligations,
liabilities and indebtedness of such Person (marked to market) arising under swap agreements, cap agreements and collar agreements and other agreements or arrangements designed to protect such person against fluctuations in interest rates or
currency or commodity values. 
  
 “Insolvency Proceeding” means,
as to any Person, any of the following: (a) any case or proceeding with respect to such Person under the Bankruptcy Code or any other federal or state bankruptcy, insolvency, reorganization or other law affecting creditors’ rights generally or
any other or similar proceedings seeking any stay, reorganization, arrangement, composition or readjustment of the obligations and indebtedness of such Person or (b) any proceeding seeking the appointment of any trustee, receiver, liquidator,
custodian or other insolvency official with similar powers with respect to such Person or any or all of its assets or properties or (c) any proceedings for liquidation, dissolution or other winding up of the business of such Person or (d) any
assignment for the benefit of creditors or any marshaling of assets of such Person. 
  
 “Inventory Financing Facilities” means any and all financial arrangements entered into from time to time by Borrower to finance the purchase of inventory sold in the ordinary course of business, including that certain
Agreement for Wholesale Financing dated September 8, 2000 by and between Borrower and GE Commercial Distribution Finance Corporation, as amended from time to time. 
  
 “Investor” means Gregg Investment Corporation, LLC, a Delaware limited liability company, and its successors and assigns.

  
 “Junior Creditor Agreements” means, collectively, the 6%
Junior Subordinated Notes, each dated of even date herewith, by Borrower in favor of each Junior Creditor, and all agreements, documents and instruments at any time executed and/or delivered by Borrower or any other person to, with or in favor of
Junior Creditors in connection therewith or related thereto, as all of the foregoing now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 
  
 “Junior Creditors” means, collectively, the Holder, Gregg William
Throgmartin, Kelli Throgmartin Ball, Sandra M. Throgmartin, Janice K. Malone, Monica L. Adams, William G. Throgmartin and Dennis L. May and their respective successors and assigns; each sometimes individually referred to herein as a “Junior
Creditor.” 
  

 A-3 

 “Merger Agreement” means that certain Agreement and Plan of Merger, dated October 19, 2004, by and among
Investor, GIC Corporation, Borrower and the sellers named therein, as amended, as the same now exists or may hereafter be amended, modified or supplemented. 
  
 “Note Indenture” means that certain Indenture, dated as of February 3, 2005, by and among Borrower, Guarantor and Senior Note Trustee, as the same now
exists or may hereafter be amended, modified, supplemented, extended, renewed, restated, refinanced or replaced. 
  
 “Payment in Full” means, as to any Senior Debt, the final payment and satisfaction in full in immediately available funds of all of such Senior Debt
arising under the applicable Senior Debt Agreements and the termination of the commitments of such applicable Senior Creditors thereunder (but not including for this purpose the refinancing or replacement of Senior Creditors). If after receipt of
any payment of, or proceeds of collateral applied to the payment of, any Senior Debt, any Senior Creditor is required to surrender or return such payment or proceeds to any person for any reason, then the Senior Debt intended to be satisfied by such
payment or proceeds shall be reinstated and continue as if such payment or proceeds had not been received by such holder. 
  
 “Permitted Holder” means (i) each of Jerry Throgmartin, Gregg Throgmartin and Dennis L. May for so long as such person is a shareholder in, and a member
of the senior management of, the Company and (ii)(a) Freeman Spogli & Co. LLC (and any successor entity thereof or other entity controlled by the principals of Freeman Spogli & Co. LLC (other than any of its portfolio companies)) and (b) FS
Equity Partners V, L.P., FS Affiliates V, L.P. and any other investment partnerships or limited liability companies formed by the Persons described in clause (ii)(a) for so long as any such investment partnership or limited liability company is
controlled by the Persons described in clause (ii)(a); provided, however, that, solely for purposes of determining whether or not a Change of Control under clause 3(b) of the definition thereof has occurred, the aggregate Voting Stock of the Company
Beneficially Owned, directly or indirectly, by any of the limited partners or members, as applicable, of FS Equity Partners V, L.P., of FS Affiliates V, L.P. or of any other investment partnerships or limited liability companies formed by the
Persons described in clause (ii)(a) that shall have invested as a co-investor or on a side-by-side basis with such investment funds in the Investor in connection with the recapitalization transaction contemplated by the Merger Agreement may be
treated as Voting Stock of the Persons described in clause (ii)(a) or (b) unless, on the relevant date of determination, such limited partners Beneficially Own, directly or indirectly, an equal or greater aggregate percentage of voting power of the
Voting Stock of Borrower than the aggregate percentage Beneficially Owned, directly or indirectly, by the Persons described in clause (ii)(a) or (b) without giving effect to this proviso. 
  
 “Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust,
unincorporated organization, limited liability company or government or other entity. 
  
 “Public Equity Offering” means an offer and sale of common stock of Borrower pursuant to a registration statement that has been declared effective by the Securities and Exchange Commission pursuant to the Securities Act
(other than a registration statement on Form S-8 or otherwise relating to equity securities issuable under any employee benefit plan of Borrower). 
  

 A-4 

 A “Public Market” shall be deemed to exist if (i) a Public Equity Offering has been consummated and (ii)
at least 15% of the total issued and outstanding common stock of Borrower has been distributed by means of an effective registration statement under the Securities Act or sales pursuant to Rule 144 under the Securities Act. 
  
 “Securities Act” means the Securities Act of 1933, or any comparable
statement under any similar federal statute then in force. 
  
 “Senior
Creditors” means, (i) in respect of the Senior Debt incurred pursuant to the Senior Loan Documents, the Senior Loan Agent and Senior Loan Lenders, (ii) in respect of the Senior Debt incurred pursuant to the Senior Note Agreements, the
holders from time to time of such Senior Notes and the Senior Note Trustee, (iii) in respect of the Senior Debt incurred pursuant to the Inventory Financing Facilities the creditors from time to time thereunder and (iv) any other holders from time
to time of any Senior Debt; each sometimes referred to individually as a “Senior Creditor.” 
  
 “Senior Debt” means all Indebtedness and all other obligations, liabilities and indebtedness of every kind, nature and description owing by Borrower and Guarantor to Senior Creditors and/or their
respective affiliates, or participants, including principal, interest, charges, fees, premiums, indemnities and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, whether now existing or hereafter arising,
whether arising before, during or after the initial or any renewal term of any of the Senior Debt Agreements or after the commencement of any case with respect to Borrower or Guarantor under the Bankruptcy Code or any similar statute or any other
Insolvency Proceeding (and including, without limitation, any principal, interest, fees, costs, expenses and other amounts, whether or not such amounts are allowable either in whole or in part, in any such case or similar proceeding), whether direct
or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, secured or unsecured, and whether arising directly or howsoever acquired by Senior Creditors, arising under (a) the Senior Loan
Documents and the Senior Note Agreements, or (b) any other Indebtedness of Borrower unless the instrument under which such Indebtedness is incurred expressly provides that it is on a parity with or subordinated in right of payment to the Junior
Creditor Agreements, in the case of each of (a) and (b), excluding (1) any liability for federal, state, local or other taxes owed or owing by Borrower or any guarantor of any Indebtedness of Borrower; (2) any Indebtedness of Borrower or any
guarantor of any Indebtedness of Borrower to any of its subsidiaries or other affiliates or, in the case of Indebtedness of any guarantor of any Indebtedness of Borrower, to Borrower; (3) any trade payables; (4) any Indebtedness of Borrower or any
guarantor of any Indebtedness of Borrower that, when incurred, was without recourse to the Borrower; or (5) any Indebtedness owed to any employee of the Borrower or any of its subsidiaries. 
  
 “Senior Debt Agreements” means, collectively, (i) the Senior Loan Documents,
(ii) the Senior Note Agreements, (iii) solely to the extent of any obligations thereunder as may with the passage of time become Senior Debt pursuant to the terms thereof, any Inventory Financing Facilities and (iv) all other agreements, documents
and instruments at any time executed and/or delivered by Borrower under which any other Senior Debt is issued, as each such agreement, document or instrument now exists or may hereafter be amended, modified, supplemented, extended, renewed,
restated, refinanced, replaced or restructured (in whole or in part and including any 

  

 A-5 

 
agreements with, to or in favor of any other lender or group of lenders that at any time refinances, replaces or succeeds to all or any portion of the Senior
Debt evidenced by the Senior Debt Agreements). 
  
 “Senior Loan
Agent” means Congress Financial Corporation (Central), an Illinois corporation, in its capacity as agent on behalf of Senior Loan Lenders pursuant to the Senior Loan Agreement, and its successors and assigns, and any successor or
replacement Senior Loan Agent for and on behalf of Senior Loan Lenders under the Senior Loan Agreement. 
  
 “Senior Loan Agreement” means that certain Loan and Security Agreement, dated as of February 3, 2005, by and among the Borrower, Guarantor, the Senior Loan Agent, Wachovia Capital Markets, LLC, as
Arranger, and Senior Loan Lenders, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated, refinanced or replaced. 
  
 “Senior Loan Documents” means, collectively, the Senior Loan Agreement and all agreements, documents and instruments at any
time executed and/or delivered by Borrower or Guarantor or any other person to, with or in favor of Senior Loan Agent or any Senior Loan Lenders in connection therewith or related thereto, as all of the foregoing now exist or may hereafter be
amended, modified, supplemented, extended, renewed, restated, refinanced, replaced or restructured (in whole or in part and including any agreements with, to or in favor of any other lender or group of lenders that at any time refinances, replaces
or succeeds to all or any portion of the Senior Debt arising under the Senior Loan Documents). 
  
 “Senior Loan Lenders” means Congress Financial Corporation (Central), an Illinois corporation, in its individual capacity, and any other party to the Senior Loan Agreement as a lender, and their
respective successors and assigns and any lender or group of lenders that at any time refinances, replaces or succeeds to all or any portion of the Senior Debt incurred pursuant to the Senior Loan Documents or is otherwise party, as a lender, to the
Senior Loan Documents. 
  
 “Senior Note Agreements” means,
collectively, the Note Indenture, the Senior Notes and all agreements, documents and instruments at any time executed and/or delivered by Borrower or Guarantor or any other person to, with or in favor of Senior Note Trustee or any holder of the
Senior Notes in connection therewith or related thereto, as all of the foregoing now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated, refinanced, replaced or restructured (in whole or in part and including any
agreements with, to or in favor of any other Person that at any time refinances, replaces or succeeds to all or any portion of the Senior Debt arising under the Senior Note Agreements). 
  
 “Senior Notes” means the 9% Senior Notes due 2013 of Borrower issued under the Note Indenture. 
  
 “Senior Note Trustee” means Wells Fargo Bank, N.A., as trustee under the
Note Indenture, and any successor, replacement or additional trustee and their respective successors and assigns; provided that if, and for so long as, any such indebtedness lacks such representative, then the Senior Note Trustee of the holders of
the Senior Notes shall at all times constitute the holders of a majority in outstanding principal amount of such indebtedness in respect of the Senior Notes. 
  

 A-6 

 “Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time
entitled to vote in the election of the board of directors of such Person. 
  

 A-7

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