Document:

Second Amendment to the Employment Michael D. Beverly

 Exhibit 10.6 
  
 SECOND AMENDMENT TO 
 EXECUTIVE EMPLOYMENT AGREEMENT 
  
 SECOND AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT, dated as of August 12, 2005, between Chesapeake Corporation, a Virginia corporation (the “Company”), and Michael D. Beverly (the “Executive”). 
  
 WHEREAS, the Company and the Executive entered into an amended and
restated Executive Employment Agreement (the “Agreement”) dated April 22, 2003, amended on January 3, 2005; and 
  
 WHEREAS, pursuant to the Agreement, the Agreement may be amended by mutual consent of the Company and the Executive; and 
  
 WHEREAS, the Company and the Executive desire to amend the Agreement;

  
 NOW THEREFORE, the Agreement is hereby amended in the
following respects: 
  
 Section 1 (b) is amended to read as
follows: 
  
 (b) The period described in paragraph (a) shall be
extended for an additional twelve months unless the Company, before each November 1 of any year, provides written notice to the Executive that the period will not be extended. The preceding sentence shall first be effective to extend the period
described in paragraph (a) until December 31, 2007, unless written notice to the contrary is provided to the Executive by the Company before November 1, 2005. 
  

Except as provided above, the terms of the Agreement, dated April 22, 2003, and amended January 3, 2005 shall remain in effect. 
  
 IN WITNESS WHEREOF, the Company has caused this Second Amendment to
Executive Employment Agreement to be duly executed on its behalf and the Executive has duly executed this Second Amendment to Executive Employment Agreement, all as of the date first above written. 
  

			
	EXECUTIVE	 	CHESAPEAKE CORPORATION
		
	 /s/ Michael D. Beverly

	 	 /s/ J.P. Causey Jr.

	Michael D. Beverly	 	J.P. Causey Jr.
	 	 	 Executive Vice President, Secretary &
 General
CounselFirst Amendment to the Employment with Candace Formacek

 Exhibit 10.7 
  
 FIRST AMENDMENT TO 
 EXECUTIVE EMPLOYMENT AGREEMENT 
  
 FIRST
AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT, dated as of August 12, 2005, between Chesapeake Corporation, a Virginia corporation (the “Company”), and Candace C. Formacek (the “Executive”). 
  
 WHEREAS, the Company and the Executive entered into an Executive
Employment Agreement (the “Agreement”) dated January 3, 2005; and 
  
 WHEREAS, pursuant to the Agreement, the Agreement may be amended by mutual consent of the Company and the Executive; and 
  

WHEREAS, the Company and the Executive desire to amend the Agreement; 
  
 NOW THEREFORE, the Agreement is hereby amended in the following respects: 
  
 Section 1 (b) is amended to read as follows: 
  
 (b) The period described in paragraph (a) shall be extended for an
additional twelve months unless the Company, before each November 1 of any year, provides written notice to the Executive that the period will not be extended. The preceding sentence shall first be effective to extend the period described in
paragraph (a) until December 31, 2007, unless written notice to the contrary is provided to the Executive by the Company before November 1, 2005. 
  
 Except as provided above, the terms of the Agreement, dated January 3, 2005, shall remain in effect. 
  
 IN WITNESS WHEREOF, the Company has caused this First Amendment to
Executive Employment Agreement to be duly executed on its behalf and the Executive has duly executed this First Amendment to Executive Employment Agreement, all as of the date first above written. 
  

			
	EXECUTIVE	 	CHESAPEAKE CORPORATION
		
	 /s/ Candace C. Formacek

	 	 /s/ J.P. Causey Jr.

	Candace C. Formacek	 	J.P. Causey Jr.
	 	 	 Executive Vice President, Secretary &
 General
CounselFirst Amendment to the Employment  with Thomas G. Hayes

 Exhibit 10.8 
  
 FIRST AMENDMENT TO 
 EXECUTIVE EMPLOYMENT AGREEMENT 
  
 FIRST
AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT, dated as of August 12, 2005, between Chesapeake Corporation, a Virginia corporation (the “Company”), and Thomas G. Hayes (the “Executive”). 
  
 WHEREAS, the Company and the Executive entered into an Executive
Employment Agreement (the “Agreement”) dated March 28, 2005; and 
  
 WHEREAS, pursuant to the Agreement, the Agreement may be amended by mutual consent of the Company and the Executive; and 
  

WHEREAS, the Company and the Executive desire to amend the Agreement; 
  
 NOW THEREFORE, the Agreement is hereby amended in the following respects: 
  
 Section 1 (b) is amended to read as follows: 
  
 (b) The period described in paragraph (a) shall be extended for an
additional twelve months unless the Company, before each November 1 of any year, provides written notice to the Executive that the period will not be extended. The preceding sentence shall first be effective to extend the period described in
paragraph (a) until December 31, 2007, unless written notice to the contrary is provided to the Executive by the Company before November 1, 2005. 
  
 Except as provided above, the terms of the Agreement, dated March 28, 2005 shall remain in effect. 
  
 IN WITNESS WHEREOF, the Company has caused this First Amendment to
Executive Employment Agreement to be duly executed on its behalf and the Executive has duly executed this First Amendment to Executive Employment Agreement, all as of the date first above written. 
  

			
	EXECUTIVE	 	CHESAPEAKE CORPORATION
		
	 /s/ Thomas G. Hayes

	 	 /s/ J.P. Causey Jr.

	Thomas G. Hayes	 	J.P. Causey Jr.
	 	 	 Executive Vice President, Secretary &
 General
CounselForm of certificate of Exchange 9% Senior Notes due 2013

 Exhibit 4.8 
  

GREGG APPLIANCES, INC. 
  
 THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF,
AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.07 OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED PURSUANT TO SECTION
2.07(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE
COMPANY. 
  
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

 9% Senior Notes due 2013 
  

	No.	 	1 

 $ 165,000,000 
  
 CUSIP No. 397528AB6 
  
 Gregg Appliances, Inc., an Indiana corporation, promises to pay to CEDE & CO. or
registered assigns the principal sum of ONE HUNDRED SIXTY-FIVE MILLION DOLLARS on February 1, 2013. 
  
 Interest Payment Dates: February 1 and August 1, commencing August 1, 2005 
  
 Record Dates: January 15 and July 15. 
  
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions
shall for all purposes have the same effect as if set forth at this place. 
  

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 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile by its duly
authorized officers. 
  

			
	GREGG APPLIANCES, INC.
		
	 By:
	 	  

	 	 	 Name:  Jerry W. Throgmartin

	 	 	Title:   Chief Executive Officer

  
  

			
		
	 By:
	 	  

	 	 	 Name:  Dennis L. May

	 	 	Title:   President

  
  
 Dated: _______________, 2005 
  
 Certificate of Authentication: 
  
 Wells Fargo Bank, National Association, 
 as Trustee, certifies that this is one of 
 the Notes referred to in the within- 

mentioned Indenture. 
  
  

	By:                                      
          	 	

 Authorized Signatory 
  
  
  

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 [Reverse of Note] 
  
 GREGG APPLIANCES, INC. 
  
 9% Senior Notes due 2013 
  
 1.     Interest. Gregg Appliances, Inc., an Indiana corporation (the “Company”), promises to pay interest on
the principal amount of this Note at 9% per annum from February 3, 2005 until maturity; provided, however, that if a Registration Default (as defined in the Registration Rights Agreement) occurs, additional interest shall
accrue on this Note from and including the date on which any such Registration Default shall occur to but excluding the date on which all Registration Defaults have been cured at a rate of 0.25% per annum with respect to the first 90-day period
following such Registration Default, increasing by an additional 0.25% per annum with respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum amount of additional interest of 1.0% per
annum. Reference in this Note to “interest” with respect to this Note shall include additional interest, if any, that shall accrue pursuant to the Registration Rights Agreement. The Company shall pay interest semiannually on
February 1 and August 1 of each year (each an “Interest Payment Date”), or if any such day is not a Business Day, on the next succeeding Business Day. Interest on the Notes shall accrue from the most recent Interest
Payment Date on which interest has been paid or, if no interest has been paid, from February 3, 2005; provided that if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date
referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided further that the first Interest Payment Date shall be August 1, 2005. The
Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate equal to the interest rate on the Notes then in effect; it shall
pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

  
 2.     Method of Payment. For so
long as the notes remain in the form of a global security, the Company shall pay all principal, interest and premium on the notes to the applicable Depositary or its nominee as the registered holder of the global security representing the notes. All
other payments on the Notes shall be made at the office or agency of the Company maintained for such purpose or, at the option of the Company, payment of interest may be made by check mailed to the Holders at their addresses set forth in the
register of Holders. Holders must surrender Notes to a Paying Agent to collect principal payments. The Company shall pay principal of, premium, if any, and interest on the Notes in money of the United States of America that at the time of payment is
legal tender for payment of public and private debts. However, the Company may pay such amounts by check payable in such money. It may mail an interest check to a Holder’s registered address. 
  
 3.     Paying Agent and Registrar. Initially, the
Trustee shall act as Paying Agent and Registrar. The Company may change any Paying Agent, Registrar or co-registrar without notice. The Company or any of its domestically incorporated wholly owned Subsidiaries may act as Paying Agent or Registrar.

  

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 4.     Indenture. The Company issued the Notes under an Indenture, dated as of
February 3, 2005 (the “Indenture”), among the Company, HHG Distributing, LLC, as Subsidiary Guarantor, and the Trustee. Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. The terms of
the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S. Code Sections 77aaa-77bbb) as in effect on the date of the Indenture. Notwithstanding anything to the
contrary herein, the Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the
provisions of the Indenture shall govern and be controlling. The Indenture pursuant to which the Notes are issued provides that an unlimited aggregate principal amount of Notes may be issued thereunder. 
  
 5.     Guarantees. The Notes are general senior
unsecured obligations of the Company. The Company’s obligation to pay principal, premium, if any, and interest with respect to the Notes is unconditionally guaranteed on a senior basis, jointly and severally, by each Subsidiary Guarantor
pursuant to Article Eleven of the Indenture. Certain limitations to the obligations of each Subsidiary Guarantor are set forth in further detail in the Indenture. 
  
 6.     [intentionally omitted] 
  
 7.     Optional Redemption. Except as provided below, the Notes shall not be redeemable at the
Company’s option prior to February 1, 2009. On or after February 1, 2009, the Company may redeem all or a part of the Notes upon not less than 30 nor more than 60 days notice, at the redemption prices (expressed as percentages of
principal amount) set forth below plus accrued and unpaid interest and additional interest, if any, thereon, to the applicable redemption date, if redeemed during the twelve-month period beginning on February 1 of the years indicated below:

  
  

			
	 Year
	  	Percentage
	 2009 
	  	104.500%
	 2010 
	  	102.250%
	 2011 and thereafter 
	  	100.000%

  
 Notwithstanding the
foregoing, at any time prior to February 1, 2008, the Company may redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture at a redemption price of 109.000% of the principal amount thereof, plus accrued and unpaid
interest and additional interest, if any, to the redemption date, with the net cash proceeds of one or more Public Equity Offerings; provided that (1) at least 65% of the aggregate principal amount of Notes originally issued under the
Indenture remains outstanding immediately after the occurrence of such redemption (excluding Notes held by the Company and its Subsidiaries) and (2) the redemption must occur within 90 days of the date of the closing of such Public Equity
Offering. 
  
 8.     Mandatory
Redemption. The Company shall not be required to make mandatory redemption payments or sinking fund payments with respect to the Notes. 
  

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 9.     Selection and Notice of Redemption. Notice of redemption shall be
mailed to the Holder’s registered address at least 30 days but not more than 60 days before the redemption date to each Holder of Notes to be redeemed. If less than all Notes are to be redeemed, the Trustee shall select the Notes to be redeemed
in multiples of $1,000 pro rata, by lot or by any other method that the Trustee considers fair and appropriate; provided that if the Notes are listed on any securities exchange, that such method complies with the requirements of such
exchange. Notes in denominations larger than $1,000 may be redeemed in part. On and after the redemption date interest ceases to accrue on Notes or portions of them called for redemption (unless the Company shall default in the payment of the
redemption price or accrued interest). 
  
 10.
    Repurchase upon a Change of Control. Upon the occurrence of a Change of Control, each Holder of Notes shall have the right to require the Company to repurchase all or any part (equal to $1,000 or an integral multiple
thereof) of such Holder’s Notes pursuant to a Change of Control Offer at an offer price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest to the date of purchase. Within 30 days following any
Change of Control, the Company shall mail a notice to each Holder describing, among other things, the transaction or transactions that constitute the Change of Control and offering to repurchase Notes on the date specified in such notice, which date
shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed, pursuant to the procedures required by the Indenture and described in such notice. 
  
 11.     Asset Sales. Within 360 days after the receipt of any Net Proceeds from an Asset Sale,
the Company may apply such Net Proceeds at its option to (1) to repay Indebtedness secured by such assets and, if the Indebtedness repaid is revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto; or
(2) to purchase Replacement Assets or to make a capital expenditure. Any Net Proceeds from Asset Sales that are not applied or invested as provided in the preceding sentence shall constitute “Excess Proceeds.” Within 30 days after the
aggregate amount of Excess Proceeds exceeds $10.0 million, the Company shall make an Asset Sale Offer to all Holders and all holders of other Indebtedness that is pari passu with the Notes or any Subsidiary Guarantee containing provisions
similar to those set forth in the Indenture with respect to offers to purchase with the proceeds of sales of assets to purchase the maximum principal amount of Notes and such other pari passu Indebtedness that may be purchased out of the
Excess Proceeds. The offer price in any Asset Sale Offer shall be equal to 100% of principal amount plus accrued and unpaid interest to the date of purchase, and shall be payable in cash. If any Excess Proceeds remain after consummation of an Asset
Sale Offer, the Company may use such Excess Proceeds for any purpose not otherwise prohibited by the Indenture. If the aggregate principal amount of Notes and such other pari passu Indebtedness tendered into such Asset Sale Offer exceeds the
amount of Excess Proceeds, the Trustee shall select the Notes and such other pari passu Indebtedness to be purchased on a pro rata basis based on the principal amount of Notes and such other pari passu Indebtedness tendered. Upon
completion of each Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero. 
  
 12.     Denominations, Transfer, Exchange. The Notes are in registered form without coupons in denominations of $1,000 and whole multiples of $1,000. A Holder may transfer or
exchange Notes in accordance with the Indenture. The Registrar may require a 

  

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Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the
Indenture. The Registrar need not transfer or exchange any Notes selected for redemption. Also, it need not transfer or exchange any Notes for a period of 15 days before the mailing of a notice of redemption of Notes to be redeemed. 
  
 13.     Persons Deemed Owners. The registered
Holder of a Note may be treated as the owner of such Notes for all purposes and neither the Company, any Subsidiary Guarantor, the Trustee nor any Agent shall be affected by notice to the contrary. 
  
 14.     Amendment, Supplement,
Waiver. Subject to certain exceptions, the Indenture or the Notes may be amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the Notes, and any past default or noncompliance with any
provision may be waived with the consent of the Holders of a majority in aggregate principal amount of the Notes. Without the consent of any Holder, the Company may amend or supplement the Indenture or the Notes to: cure any ambiguity, defect or
inconsistency; provide for uncertificated Notes in addition to or in place of certificated Notes; provide for the assumption of the Company’s or any Subsidiary Guarantor’s Obligations to the Holders in the case of a merger or consolidation
or sale of all or substantially all of the Company’s or the Subsidiary Guarantor’s assets pursuant to the provisions of Section 5.01, or 4.19(c) of the Indenture; make any change that would provide any additional rights or benefits to
the Holders or that does not adversely affect in any material respect the legal rights under the Indenture of any such Holder; comply with requirements of the Commission in order to effect or maintain the qualification of the Indenture under the
TIA; comply with Section 4.19 of the Indenture; to conform the text of the Indenture or this Note to any provision of the section “Description of Notes” in the Offering Memorandum to the extent that such provision in such section was
meant to be a verbation recitation of a provision of the Indenture or this Note; or evidence and provide for the acceptance of appointment by a successor Trustee. 
  
 15.     Defaults and Remedies. If an Event of Default (other than an Event of Default related to
bankruptcy or insolvency of the Company or any Significant Subsidiary of the Company) under the Indenture occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the
outstanding Notes may declare the unpaid principal of, premium, if any, and accrued and unpaid interest on, all the Notes then outstanding to be due and payable immediately, by a notice in writing to the Company (and to the Trustee, if given by
Holders) specifying the relevant Event of Default and upon any such declaration such principal, premium, if any, and accrued and unpaid interest shall become immediately due and payable. If an Event of Default related to bankruptcy or insolvency of
the Company, any Significant Subsidiary of the Company or any Subsidiaries of the Company that, taken together as a whole, would constitute a Significant Subsidiary occurs, all unpaid principal of, and accrued interest on, the Notes then outstanding
shall become due and payable immediately, without any declaration or other act on the part of the Trustee or any Holder. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may require indemnity and
security satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Notes may direct the Trustee in its exercise of any trust or power. 
  

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 16.     Trustee Dealings with Company and Subsidiary Guarantor. The Trustee
under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Company, each Subsidiary Guarantor or their respective Subsidiaries or Affiliates with the same rights it would
have if it were not Trustee. 
  
 17.
    Authentication. This Note shall not be valid until the Trustee or an authenticating agent signs the certificate of authentication on the other side of this Note. 
  
 18.     CUSIP Numbers. Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company shall cause CUSIP numbers to be printed on this Note as a convenience to Holders. No representation is made as to the accuracy of such numbers as
printed on this Note and reliance may be placed only on the other identification numbers printed hereon. 
  
 19.     No Recourse Against Others. A director, officer, employee or stockholder, as such, of the Company, any Subsidiary
Guarantor or the Trustee, shall not have any liability for any obligations of the Company, any Subsidiary Guarantor or the Trustee under this Note, the Indenture, the Subsidiary Guarantees or for any claim based on, in respect of or by reason of,
such obligations or their creation. Each Holder by accepting this Note waives and releases all such liability. The waiver and release are part of the consideration for the issue of this Note. 
  
 20.     Abbreviations. Customary abbreviations may
be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (=
Uniform Gifts to Minors Act). 
  
 THIS NOTE SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
  
 The Company shall furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: Gregg Appliances, Inc., 4151 East 96th Street, Indianapolis, IN 46240, Facsimile: (317) 848-8768, Attention: Treasurer. 
  

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