Modification letter to promissory note between Bourque Printing and Hibernia National Bank, Inc. dated December 28, 2004.

Janet Olson Rack

Senior Vice President

Hibernia National Bank

Post Office Box 3597

Baton Rouge, LA 70821

(225) 381-2140

December 28, 2004

Mr. Todd Fry, VP & CFO

Champion Industries, Inc.

P.O. Box 2968

Huntington, WV 25728

Re: Bourque Printing

Dear Todd:

Hibernia National Bank ('Bank') extended a loan to Bourque Printing, Inc., a subsidiary of Champion Industries, on March 19, 2003 as evidenced by a promissory note of the same date and in the amount of $1,440,000. This not contains language that allows the note to be paid on demand. The bank hereby agrees to delete the following from this note, Borrower will pay this loan on demand. The repayment terms of 83 regular payments of $10,876.57 each on one irregular payment estimated at $892,791.97 remain in effect.

Let me know if you have any questions.

Sincerely,

Janet Olson Rack

Senior VP