Document:

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                                                                   Exhibit 10.14

                 SECOND AMENDMENT TO CHANGE IN CONTROL AGREEMENT
                 -----------------------------------------------

       THIS AMENDMENT (the "Amendment") is made effective as of the 3rd day of
October, 2000, by and between BALDWIN PIANO & ORGAN COMPANY, a Delaware
corporation (the "Company") and DUANE D. KIMBLE (the "Executive").

       WHEREAS, the parties entered into a Change in Control Agreement, dated
July 5, 1998 which was amended as of the 24th day of September, 1999 (as
amended, the "Change in Control Agreement") and

       WHEREAS, the parties desire to further amend the Change in Control
Agreement to reflect the Company's sale of its finance business and amend the
definition of "Change in Control".

       NOW, THEREFORE, in consideration of the premises and the mutual promises
and covenants contained herein, the parties agree as follows:

       1. AMENDMENT TO SECTION III. DEFINITIONS - Subsection 3 of Section III,
       Definitions, shall be amended by deleting the period at the end of
       subsection 3(v) and substituting "; or" and inserting a new subsection
       (vi) as follows:

              (vi) the Company shall sell or transfer all or substantially all
              of the assets or operations of either one of its two businesses,
              music or contract electronics."

       2. REAFFIRMATION - Except as expressly modified in this Amendment, the
       Company and the Executive hereby ratify and confirm each and every
       provision of the Change of Control Agreement.

       3. ENTIRE AGREEMENT - The terms and provision of the Change of Control
       Agreement and this Amendment constitute the entire agreement between the
       Company and the Executive with respect to the subject matter hereof. This
       Amendment may be amended or modified only by a written instrument
       executed by the Company and the Executive.

       4. GOVERNING LAW - This Amendment shall be governed in all respects by
       the law of the State of Ohio.

       IN WITNESS WHEREOF, the parties have executed this Second Amendment to
Change in Control Agreement as of the day and year first above written.

                                       BALDWIN PIANO & ORGAN COMPANY

                                       By: /s/ Karen L. Hendricks
                                          -----------------------
                                       Printed Name: Karen L. Hendricks
                                                     ------------------
                                       Title: Chairman, Ceo & President
                                              -------------------------

                                       EXECUTIVE
                                       ---------

                                       /s/ Duane D. Kimble
                                       --------------------------------
                                       DUANE D. KIMBLE<PAGE>   1
                                                                   Exhibit 10.15

                 THIRD AMENDMENT TO CHANGE IN CONTROL AGREEMENT
                 ----------------------------------------------

       THIS AMENDMENT (the "Amendment") is made effective as of the 14th day of
March, 2001, by and between BALDWIN PIANO & ORGAN COMPANY, a Delaware
corporation (the "Company") and DUANE D. KIMBLE (the "Executive").

       WHEREAS, the parties entered into a Change in Control Agreement, dated
July 5, 1998 which was amended as of the 24th day of September, 1999 and further
amended as of 3rd day of October, 2000 (as amended, the "Change in Control
Agreement") and

       WHEREAS, the parties desire to further amend the Change in Control
Agreement to reflect the Company's sale of its contract electronics business and
to acknowledge that a "Change in Control" has occurred for purposes of the
Change in Control Agreement.

       NOW, THEREFORE, in consideration of the premises and the mutual promises
and covenants contained herein, the parties agree as follows:

       1. AMENDMENT TO ARTICLE IV. BENEFITS UPON TERMINATION FOLLOWING A CHANGE
       IN CONTROL - Section 1 of Article IV, Benefits Upon Termination Following
       a Change in Control, shall be amended by such subsection in its entirety
       and inserting a new Section (1) as follows:

              "1. TERMINATION - The Executive shall be entitled to, and the
              Company shall pay or provide to the Executive, the benefits
              described in Section 2 below if, following January 26, 2001 (on
              which date a Change in Control occurred for purposes of this
              Agreement by virtue of the Company's sale of its contract
              electronics business), the Company terminates the Executive's
              employment, either by actual termination or constructive
              termination, prior to the expiration of the term of this
              Agreement, other than termination for Cause. For purposes of this
              Agreement, (i) "actual termination" includes any termination
              except for the Executive's death, disability, willful misconduct,
              or retirement after the normal retirement date, and (ii)
              "constructive termination" includes the Company (A) diminishing
              the Executive's title of President and Chief Financial Officer
              and/or the Executive's duties and responsibilities that relate to
              such title, (B) reducing the Executive's annual salary to an
              amount less than $250,000, (C) materially changing the Executive's
              assigned site location, and (D) failing to provide the Executive
              with substantially the same level of retirement and welfare
              benefits and perquisites that were provided to the Executive prior
              to January 26, 2001. For the purposes of this Agreement, "Cause"
              shall be defined to mean alcohol or other drug dependence or
              addiction; indictment or conviction for any crime involving moral
              turpitude, fraud or misrepresentation; commission of any act which
              would constitute a felony; neglect of duty; misappropriation,
              embezzlement or theft of Company funds or property; conduct with
              is materially injurious to the reputation, business or business
              relationships of the Company; or violation of law or Company
              policy or procedure."

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              2. REAFFIRMATION - Except as expressly modified in this Amendment,
              the Company and the Executive hereby ratify and confirm each and
              every provision of the Change in Control Agreement.

              3. ENTIRE AGREEMENT - The terms and provision of the Change in
              Control Agreement and this Amendment constitute the entire
              agreement between the Company and the Executive with respect to
              the subject matter hereof. All references in the Change in Control
              Agreement and this Amendment to the term "Agreement" shall mean
              the Change in Control Agreement and all amendments thereto,
              including without limitation this Amendment. This Amendment may be
              amended or modified only by a written instrument executed by the
              Company and the Executive.

              4. GOVERNING LAW - This Amendment shall be governed in all
              respects by the law of the State of Ohio.

       IN WITNESS WHEREOF, the parties have executed this Third Amendment to
Change in Control Agreement as of the day and year first above written.

                                       BALDWIN PIANO & ORGAN COMPANY

                                       By:  /s/Karen L. Hendricks
                                          -----------------------
                                       Printed Name:  Karen L. Hendricks
                                                    --------------------
                                       Title:  Chairman & CEO
                                             ----------------

                                       EXECUTIVE

                                       /s/ Duane D. Kimble
                                       ---------------------------------
                                       Duane D. Kimble<PAGE>   1
                                                                   Exhibit 10.33

                                                                       EXECUTION

                          BALDWIN PIANO & ORGAN COMPANY

                     SECOND AMENDMENT AND LIMITED WAIVER TO
                                CREDIT AGREEMENT

     This SECOND AMENDMENT AND LIMITED WAIVER TO CREDIT AGREEMENT (this
"AMENDMENT") is dated as of December 15, 2000 and entered into by and among
BALDWIN PIANO & ORGAN COMPANY, a Delaware corporation ("BORROWER"), GENERAL
ELECTRIC CAPITAL CORPORATION, as agent for itself and Lenders ("AGENT"), the
financial institutions listed on the signature pages hereof (the "LENDERS"),
and, for purposes of Section 5 hereof, the Credit Parties listed on the
signature pages hereof, and is made with reference to that certain Credit
Agreement dated as of March 24, 2000, by and among Borrower, the other Credit
Parties party thereto, Lenders and Agent (as modified by the First Amendment and
Limited Waiver thereto dated as of August 11, 2000 (the "FIRST AMENDMENT"), the
Limited Waiver and Consent thereto dated as of September 28, 2000 (the "LIMITED
WAIVER"), the Extension of Limited Waiver thereto dated as of October 30, 2000
(the "EXTENSION") and as such agreement may have otherwise been amended,
restated, supplemented or otherwise modified from time to time prior to the date
hereof, the "CREDIT AGREEMENT"). Capitalized terms used herein without
definition shall have the same meanings herein as set forth in the Credit
Agreement.

                                 R E C I T A L S
                                 - - - - - - - -

     WHEREAS, Borrower has requested that Agent and Requisite Lenders extend the
limited waiver of Borrower's compliance with certain financial covenants as set
forth in Section 2 of the First Amendment (as previously extended to October 31,
2000 by the Limited Waiver and to December 15, 2000 by the Extension) to January
31, 2001.

     WHEREAS, Agent and Requisite Lenders have agreed to extend such limited
waiver and to make certain amendments to the Credit Agreement, but only on the
terms and conditions hereinafter set forth.

     NOW, THEREFORE, in consideration of the premises and the terms and
conditions herein contained, Borrower, Agent and Requisite Lenders hereby agree
pursuant to Section 11.2 of the Credit Agreement as follows:

                                   SECTION 1.
                       AMENDMENTS TO THE CREDIT AGREEMENT

     On the basis of the representations and warranties contained in this
Amendment, and subject to the terms and the satisfaction of the conditions set
forth in this Amendment, Agent and Requisite Lenders hereby agree as follows:

                                       1
<PAGE>   2

     A. AMENDMENT TO SECTION 1.5(a). Section 1.5(a) of the Credit Agreement is
hereby amended by deleting the last paragraph thereof in its entirety and
inserting the following new paragraph at the end thereof as follows:

     "Notwithstanding anything in the foregoing to the contrary, (A) during the
period from August 1, 2000 to but excluding December 15, 2000, the Applicable
Index Margin and Applicable L/C Margin shall be fixed at 3.00% and 2.50%,
respectively, and (B) from and after December 15, 2000, the Applicable Index
Margin and Applicable L/C Margin shall be fixed at 3.50% and 2.50%,
respectively, in each case without further adjustment."

     B. AMENDMENTS TO ANNEX F.

             (1) Annex F of the Credit Agreement is hereby amended by deleting
Paragraphs (a) and (b) thereof in their entirety and inserting new Paragraphs
(a) and (b) thereto as follows:

     "(a) To Agent, upon its request, and in no event less frequently than every
other calendar week to be delivered no later than the Wednesday of each such
second calendar week (together with a copy of all or any part of such delivery
requested by any Lender in writing after the Closing Date), each of the
following, in each case as of the Friday of the calendar week immediately
preceding each such Wednesday:

          (i) each of the items described in clauses (i), (ii) and (iii) of
     PARAGRAPH (B) below;

          (ii) a Borrowing Base Certificate calculating Eligible Accounts,
     accompanied by such supporting detail and documentation as shall be
     requested by Agent in its reasonable discretion;

          (iii) collateral reports with respect to Borrower, Baldwin Trading and
     Baldwin Canada, including all additions and reductions (cash and non-cash)
     with respect to Accounts of Borrower and Baldwin Canada, in each case
     accompanied by such supporting detail and documentation as shall be
     requested by Agent in its reasonable discretion; and

          (iv) with respect to Borrower and its Subsidiaries, a weekly trial
     balance showing Accounts outstanding aged from invoice due date as follows:
     1 to 30 days, 31 to 60 days, 61 to 90 days and 91 days or more, accompanied
     by such supporting detail and documentation as shall be requested by Agent
     in its reasonable discretion;

     (b) To Agent, upon its request, and in no event less frequently than on a
weekly basis to be delivered no later than Wednesday of each calendar week
(together with a copy of all or any part of such delivery requested by any
Lender in writing after the Closing Date), each of the following, in each case
as of the Friday of the calendar week immediately preceding such Wednesday:

          (i) a Borrowing Base Certificate calculating Borrower's and Baldwin
     Trading's Eligible Inventory and Borrower's Eligible Raw Materials and
     Eligible

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<PAGE>   3

     Fixed Assets, accompanied by such supporting detail and documentation as
     shall be requested by Agent in its reasonable discretion;

          (ii) with respect to Borrower and its Subsidiaries, a summary of
     Inventory by location and type with a supporting perpetual Inventory
     report, in each case accompanied by such supporting detail and
     documentation as shall be requested by Agent in its reasonable discretion;
     and

          (iii) with respect to Borrower and its Subsidiaries, a summary of Raw
     Materials by location and type with a supporting perpetual Raw Materials
     report, in each case accompanied by such supporting detail and
     documentation as shall be requested by Agent in its reasonable discretion;"

             (2) Annex F of the Credit Agreement is hereby further amended by
deleting Paragraph (f) thereof in its entirety and inserting a new Paragraph (f)
as follows:

     "Borrower, at its own expense, shall deliver to Agent such appraisals and
audits of its assets as Agent may request, such appraisals and audits to be
conducted by an appraiser and auditor, as applicable, and in form and substance,
satisfactory to Agent. All such appraisals and audits will be updated from time
to time in Agent's discretion; and"

                                   SECTION 2.
                                 LIMITED WAIVER

     On the basis of the representations and warranties contained in this
Amendment, and subject to the terms and conditions of this Amendment, Agent and
Requisite Lenders hereby agree to waive any Default or Event of Default which
may have occurred, or may hereafter occur, under Section 8.1(b) of the Credit
Agreement solely as a result of the Borrower's failure to comply with (i) the
covenants contained in paragraphs (b) (Minimum Fixed Charge Coverage Ratio) and
(c) (Minimum EBITDA) of Annex G to the Credit Agreement for each Fiscal Quarters
ending on June 30, 2000, September 30, 2000 and December 31, 2000, respectively,
and (ii) the covenant contained in paragraph (d) (Minimum Tangible Net Worth) of
Annex G to the Credit Agreement for the period commencing on June 30, 2000 and
continuing to but excluding January 31, 2001; PROVIDED that, the waivers set
forth in this Section 2 shall automatically cease to be of any force and effect
on January 31, 2001.

                                   SECTION 3.
                              LIMITATION OF WAIVER

             Without limiting the generality of the provisions of Section 11.2
of the Credit Agreement, the waiver set forth above shall be limited precisely
as written and relates solely to noncompliance by Borrower with the provisions
of paragraphs (b), (c), and (d) of Annex G of the Credit Agreement in the manner
and to the extent described above and nothing in this Amendment shall be deemed
to:

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<PAGE>   4

             (a) constitute a waiver of compliance by Borrower with respect to
             (i) paragraphs (b), (c), and (d) of Annex G of the Credit
             Agreement in any other instance or (ii) any other term, provision
             or condition of the Credit Agreement or any other instrument or
             agreement referred to therein; or

             (b) prejudice any right or remedy that Agent or any Lender may now
             have (except to the extent such right or remedy was based upon
             existing defaults that will not exist after giving effect to this
             Amendment) or may have in the future under or in connection with
             the Credit Agreement or any other instrument or agreement
             referred to therein.

             Except as expressly set forth herein, the terms, provisions and
conditions of the Credit Agreement and the other Loan Documents shall remain in
full force and effect and in all other respects are hereby ratified and
confirmed.

                                   SECTION 4.
                         REPRESENTATIONS AND WARRANTIES

             In order to induce Agent and Lenders to enter into this Amendment,
Borrower hereby represents and warrants to Agent and Lenders that:

             A. AUTHORIZATION; BINDING OBLIGATIONS. Each Credit Party has all
requisite corporate power and authority to enter into this Amendment. The
execution, delivery and performance of this Amendment have been duly authorized
by all necessary corporate action by each Credit Party. This Amendment has been
duly executed and delivered by each Credit Party and is the legal, valid and
binding obligation of each Credit Party, enforceable against each Credit Party
in accordance with its terms, except to the extent that the enforceability
thereof may be limited by applicable bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium or similar laws generally affecting
creditors' rights and by equitable principles (regardless of whether enforcement
is sought in equity or at law). As of the Amendment Effective Date, the Credit
Agreement, as amended by this Amendment, will constitute the legal, valid and
binding obligation of each Credit Party, enforceable against each Credit Party
in accordance with its terms, except to the extent that the enforceability
thereof may be limited by applicable bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium or similar laws generally affecting
creditors' rights and by equitable principles (regardless of whether enforcement
is sought in equity or at law).

             B. INCORPORATION OF REPRESENTATIONS. Each representation and
warranty of each Credit Party contained in each of the Loan Documents is true,
correct and complete in all material respects on and as of the Amendment
Effective Date to the same extent as though made on and as of the Amendment
Effective, except to the extent such representations and warranties relate to an
earlier date, in which case they were true, correct and complete in all material
respects as of such earlier date.

             C. ABSENCE OF DEFAULTS. No event has occurred and is continuing or
would result from the execution, delivery or performance of this Amendment that
constitutes or would constitute a Default or Event of Default after giving
effect to this Amendment.

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<PAGE>   5

             D. PERFORMANCE. Borrower has performed in all material respects all
agreements to be performed on its part on or before the date hereof as set forth
in the Credit Agreement.

                                   SECTION 5.
                  ACKNOWLEDGEMENT AND CONSENT BY CREDIT PARTIES

             Borrower and each other Credit Party executing a counterpart hereto
agree to and acknowledge the terms and provisions of this Amendment and confirm
that each Loan Document to which such Credit Party is a party shall continue in
full force and effect and that all of its obligations thereunder shall be valid
and enforceable and shall not be impaired or affected by the execution of this
Amendment, except as specifically provided herein. Borrower and each other
Credit Party executing a counterpart hereof represent and warrant that, all
representations and warranties contained in each Loan Document to which such
Credit Party is a party are true, correct and complete in all material respects
as of the date hereof to the same extent as though made on each such date and
that Borrower and each such Credit Party has performed in all material respects
all agreements to be performed on its part on or before the date hereof as set
forth in the Loan Documents.

                                   SECTION 6.
                           CONDITIONS TO EFFECTIVENESS

             This Amendment shall become effective (the "AMENDMENT EFFECTIVE
DATE") only upon receipt of the following items by Agent:

                  (1) counterparts hereof duly executed by each Credit Party
and Requisite Lenders (or, in the case of any Lender, telex or telephone
confirmation from such Lender of its execution hereof); and

                  (2) an amendment fee equal to $75,000 payable to Agent for
the ratable benefit of the Lenders.

                                   SECTION 7.
                                  MISCELLANEOUS

             A. EFFECT OF AMENDMENT. Except as specifically provided herein,
this Amendment does not in any way waive, amend, modify, affect or impair the
terms and conditions of the Credit Agreement or the other Loan Documents, and
all terms and conditions of the Credit Agreement and the other Loan Documents
are hereby ratified and confirmed and shall remain in full force and effect
unless otherwise specifically amended, waived, modified or changed pursuant to
the terms and conditions of this Amendment.

             On and after the Amendment Effective Date, each reference in the
Credit Agreement to "this Agreement", "hereunder", "hereof", "herein" or words
of like import referring to the Credit Agreement, and each reference in the
other Loan Documents to the "Credit Agreement", "thereunder", "thereof", or
words of like import referring to the Credit

                                       5
<PAGE>   6

Agreement shall mean and be a reference to the Credit Agreement as modified by
this Amendment.

             B. FEES AND EXPENSES. Borrower acknowledges that all costs, fees
and expenses as described in Section 11.3 of the Credit Agreement incurred by
Agent, Lenders and their respective counsel with respect to this Amendment and
the documents and transactions contemplated hereby shall be for the account of
Borrower.

             C. HEADINGS. Section and subsection headings in this Amendment are
included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose or be given any substantive effect.

             D. APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL
BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE AND ANY APPLICABLE LAWS
OF THE UNITED STATES OF AMERICA.

             E. COUNTERPARTS. This Amendment may be executed in any number of
counterparts, including by telecopy, and by different parties hereto in separate
counterparts, each of which when so executed and delivered shall be deemed an
original, but all such counterparts together shall constitute but one and the
same instrument; signature pages may be detached from multiple separate
counterparts and attached to a single counterpart so that all signature pages
are physically attached to the same document.

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<PAGE>   7

             IN WITNESS WHEREOF, the parties hereto have caused this Amendment
to be duly executed and delivered by their respective officers thereunto duly
authorized as of the date first written above.

                                       BORROWER:

                                       BALDWIN PIANO & ORGAN COMPANY

                                       By: /s/ Duane D. Kimble
                                           -------------------------------------
                                           Name:   Duane D. Kimble
                                                --------------------------------
                                           Title:  Executive Vice President
                                                 -------------------------------

                                       AGENT AND LENDERS:

                                       GENERAL ELECTRIC CAPITAL CORPORATION,
                                       AS AGENT FOR ITSELF AND LENDERS

                                       By: /s/ Charles Chiodo
                                          --------------------------------------
                                          Name: Charles Chiodo
                                          Title:  Its Duly Authorized Signatory

                                       OTHER CREDIT PARTIES:

                                       THE WURLITZER COMPANY

                                       By: /s/ Duane D. Kimble
                                          --------------------------------------
                                          Name:    Duane D. Kimble
                                               ---------------------------------
                                          Title:   Executive Vice President
                                                --------------------------------

                                      S-1

<PAGE>   8

                                       BALDWIN TRADING COMPANY

                                       By: /s/ Duane D. Kimble
                                          --------------------------------------
                                       Name:    Duane D. Kimble
                                            ------------------------------------
                                       Title:   Executive Vice President
                                             -----------------------------------

                                       THE BALDWIN PIANO COMPANY (CANADA)
                                       LIMITED

                                       By:  /s/ Duane D. Kimble
                                          --------------------------------------
                                          Name:   Duane D. Kimble
                                               ---------------------------------
                                          Title:  Executive Vice President
                                                --------------------------------

                                      S-2

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