EXECUTION COPY] CREDIT AGREEMENTCredit Agreement • April 11th, 2000 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina
Contract Type FiledApril 11th, 2000 Company Industry Jurisdiction
CREDIT AGREEMENTCredit Agreement • February 22nd, 2001 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • London
Contract Type FiledFebruary 22nd, 2001 Company Industry Jurisdiction
andRights Agreement • July 6th, 1998 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
Contract Type FiledJuly 6th, 1998 Company Industry Jurisdiction
FIRST AMENDMENT TO CREDIT AGREEMENT THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is made as of the 5th day of October, 2001, by and among BASSETT FURNITURE INDUSTRIES, INCORPORATED, a Virginia corporation (the "Borrower"), BRANCH...Credit Agreement • February 21st, 2002 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina
Contract Type FiledFebruary 21st, 2002 Company Industry Jurisdiction
ASSET PURCHASE AGREEMENT by and among ZENITH FREIGHT LINES, LLC and With BASSETT FURNITURE INDUSTRIES, INCORPORATED signing for the limited purposes expressed herein dated as of January 31, 2022Asset Purchase Agreement • February 1st, 2022 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Delaware
Contract Type FiledFebruary 1st, 2022 Company Industry JurisdictionThis Asset Purchase Agreement (this “Agreement”), dated as of January 31, 2022, is entered into by and among ZENITH FREIGHT LINES, LLC, a North Carolina limited liability company (“Seller”), and J.B. HUNT TRANSPORT, INC., a Georgia corporation (“Buyer”), with BASSETT FURNITURE INDUSTRIES, INCORPORATED, a Virginia corporation and the owner of 100% of Seller (“Parent”), made a party hereto for the limited purposes of (i) making the representations and warranties regarding Parent in Sections 4.01 and 4.02 and (ii) agreeing to the covenants contained in Sections 3.02 and 6.03 and the indemnification obligations set forth in ARTICLE VIII.
THIRD AMENDED AND RESTATED CREDIT AGREEMENT dated as of October 31, 2007 among BASSETT FURNITURE INDUSTRIES, INCORPORATED, The Initial Guarantors Listed Herein, The Banks Listed Herein and BRANCH BANKING AND TRUST COMPANY, as AgentCredit Agreement • February 7th, 2008 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina
Contract Type FiledFebruary 7th, 2008 Company Industry JurisdictionTHIRD AMENDED AND RESTATED CREDIT AGREEMENT dated as of October 31, 2007 among BASSETT FURNITURE INDUSTRIES, INCORPORATED, BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, INC., THE E.B. MALONE CORPORATION, BASSETT DIRECT STORES, INC., BASSETT DIRECT NC, LLC, BASSETT DIRECT SC, LLC, the BANKS listed on the signature pages hereof and BRANCH BANKING AND TRUST COMPANY, as Agent.
FIFTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of December 5, 2015 among BASSETT FURNITURE INDUSTRIES, INCORPORATED, The Initial Guarantors Listed Herein, and BRANCH BANKING AND TRUST COMPANYCredit Agreement • March 31st, 2016 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
Contract Type FiledMarch 31st, 2016 Company Industry JurisdictionFIFTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of December 5, 2015, among BASSETT FURNITURE INDUSTRIES, INCORPORATED, BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, LLC, BASSETT DIRECT STORES, LLC. BASSETT DIRECT NC, LLC, BASSETT DIRECT SC, LLC and BRANCH BANKING AND TRUST COMPANY.
THIRD AMENDED AND RESTATED GENERAL SECURITY AGREEMENTGeneral Security Agreement • February 7th, 2008 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina
Contract Type FiledFebruary 7th, 2008 Company Industry JurisdictionTHIS THIRD AMENDED AND RESTATED GENERAL SECURITY AGREEMENT, dated as of the 31st day of October, 2007 (the “Agreement”), is made among BASSETT FURNITURE INDUSTRIES, INCORPORATED (the “Borrower”), BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, INC., THE E.B. MALONE CORPORATION, BASSETT DIRECT STORES, INC., BASSETT DIRECT NC, LLC AND BASSETT DIRECT SC, LLC (collectively, the “Guarantors,” the Borrower and the Guarantors being collectively called the “Grantors”), and BRANCH BANKING AND TRUST COMPANY, as agent (in such capacity, the “Agent”) for the Secured Parties as defined herein.
INDEMNIFICATION AGREEMENTIndemnification Agreement • October 18th, 2022 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
Contract Type FiledOctober 18th, 2022 Company Industry JurisdictionTHIS INDEMNIFICATION AGREEMENT (“Agreement”) is made as of October 12, 2022, by and between Bassett Furniture Industries Inc., a Virginia corporation (the “Company”), and [ ] (“Indemnitee”).
EMPLOYMENT AGREEMENTEmployment Agreement • April 9th, 2015 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)
Contract Type FiledApril 9th, 2015 Company IndustryThis Employment Agreement (“Agreement”) is made this 2nd day of February, 2015 between Zenith Freight Lines, LLC, a North Carolina limited liability company (the “Company”), and Jack L. Hawn, Jr., a resident of Catawba County, North Carolina (“Employee”).
SIXTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of June 15, 2020 among BASSETT FURNITURE INDUSTRIES, INCORPORATED, The Initial Guarantors Listed Herein, and TRUIST BANKCredit Agreement • July 9th, 2020 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
Contract Type FiledJuly 9th, 2020 Company Industry JurisdictionTHIS SIXTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of June 15, 2020, is by and among BASSETT FURNITURE INDUSTRIES, INCORPORATED, BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, LLC, BASSETT DIRECT STORES, LLC. BASSETT DIRECT NC, LLC, BASSETT DIRECT SC, LLC and TRUIST BANK, formerly known as Branch Banking and Trust Company.
FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • August 14th, 2008 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina
Contract Type FiledAugust 14th, 2008 Company Industry JurisdictionTHIS FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is made as of the 7 day of August, 2008, by and among BASSETT FURNITURE INDUSTRIES, INCORPORATED, Virginia corporation (the “Borrower”), BRANCH BANKING AND TRUST COMPANY, as agent (the “Agent”), the banks listed on the signature pages hereof (collectively referred to herein as the “Banks”) and BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, LLC (formerly Bassett Furniture Industries of North Carolina, Inc.), THE E.B. MALONE CORPORATION, BASSETT DIRECT STORES, LLC (formerly Bassett Direct Stores, Inc.), BASSETT DIRECT NC, LLC, and BASSETT DIRECT SC, LLC (collectively referred to herein as the “Guarantors”).
BASSETT FURNITURE INDUSTRIES, INCORPORATED PERFORMANCE SHARE AWARD AGREEMENTPerformance Share Award Agreement • January 23rd, 2014 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
Contract Type FiledJanuary 23rd, 2014 Company Industry JurisdictionThis Performance Share Award Agreement (this “Agreement”) is made between Bassett Furniture Industries, Incorporated, a Virginia corporation (“Bassett”), and you, an employee of Bassett or one of its Subsidiaries, pursuant to the Bassett Furniture Industries, Incorporated Stock Incentive Plan (the “Plan”). A Prospectus describing the Plan is attached as Exhibit A. When used herein, the terms which are defined in the Plan shall have the meanings given to them in the Plan.
SECOND AMENDMENT AND WAIVER TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT AND OMNIBUS AMENDMENT TO GUARANTY AND NOTE PURCHASE AGREEMENTSCredit Agreement • October 8th, 2009 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina
Contract Type FiledOctober 8th, 2009 Company Industry JurisdictionTHIS SECOND AMENDMENT AND WAIVER TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT AND OMNIBUS AMENDMENT TO GUARANTY AND NOTE PURCHASE AGREEMENTS (this “Amendment”) is made as of the 6th day of October, 2009, by and among BASSETT FURNITURE INDUSTRIES, INCORPORATED, a Virginia corporation (the “Borrower”), BRANCH BANKING AND TRUST COMPANY (“BB&T”), as agent (in such capacity, the “Agent”) and Licensee Lender (as defined in the Credit Agreement identified below), the banks listed on the signature pages hereof (collectively referred to herein as the “Banks”) and BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, LLC (formerly Bassett Furniture Industries of North Carolina, Inc.), THE E.B. MALONE CORPORATION (“Malone Corporation”), BASSETT DIRECT STORES, LLC (formerly Bassett Direct Stores, Inc.), BASSETT DIRECT NC, LLC, and BASSETT DIRECT SC, LLC (collectively referred to herein as the “Guarantors”).
BASSETT FURNITURE INDUSTRIES, INCORPORATED FORM STOCK OPTION AWARD AGREEMENTStock Option Award Agreement • January 30th, 2006 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)
Contract Type FiledJanuary 30th, 2006 Company IndustryThis Stock Option Award Agreement is made between Bassett Furniture Industries, Incorporated, a Virginia corporation (“Bassett”), and you, an employee of Bassett or one of its Subsidiaries.
FIRST AMENDMENT TO FIFTH AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • January 17th, 2019 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
Contract Type FiledJanuary 17th, 2019 Company Industry JurisdictionTHIS FIRST AMENDMENT TO FIFTH AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is dated as of this 15th day of November, 2018, by and among BASSETT FURNITURE INDUSTRIES, INCORPORATED (“Borrower”), BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, LLC, BASSETT DIRECT STORES, LLC, BASSETT DIRECT NC, LLC, BASSETT DIRECT SC, LLC (collectively, the “Guarantors”) and BRANCH BANKING AND TRUST COMPANY (the “Bank”).
FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • November 23rd, 2005 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina
Contract Type FiledNovember 23rd, 2005 Company Industry JurisdictionTHIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is made as of the 21st day of November, 2005, by and among BASSETT FURNITURE INDUSTRIES, INCORPORATED, a Virginia corporation (the “Borrower”), BRANCH BANKING AND TRUST COMPANY, as Agent and Issuing Bank, BRANCH BANKING AND TRUST COMPANY OF VIRGINIA, as an Issuing Bank, Swing Line Lender and as a Bank and BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, INC., THE E.B. MALONE CORPORATION, BASSETT DIRECT STORES, INC., BASSETT DIRECT NC, LLC and BASSETT DIRECT SC, LLC (collectively referred to herein as the “Guarantors”).
BASSETT FURNITURE INDUSTRIES INC. EMPLOYMENT CONTINUITY AGREEMENTEmployment Continuity Agreement • January 28th, 2009 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)
Contract Type FiledJanuary 28th, 2009 Company IndustryTHIS EMPLOYMENT CONTINUITY AGREEMENT (the “Agreement”) dated as of January 22, 2009 (the “Effective Date”) is made by and between Bassett Furniture Industries, Inc. (the “Company”), a Virginia corporation, and Robert H. Spilman, Jr. (the “Executive”).
AGREEMENTAgreement • April 16th, 2008 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
Contract Type FiledApril 16th, 2008 Company Industry JurisdictionThis AGREEMENT (this “Agreement”) is entered into as of this 10th day of April 2008, by and among Costa Brava Partnership III, L.P., a Delaware limited partnership, and the persons and entities affiliated with it and listed on the signature pages hereof (“Costa Brava”), and Basset Furniture Industries, Inc., a Virginia corporation (“Bassett” or the “Company”).
1 EXHIBIT 10G SEVERANCE AGREEMENT AND GENERAL RELEASE This AGREEMENT is made between BASSETT FURNITURE INDUSTRIES, INC., and its affiliates, subsidiaries and predecessors (referred to herein, collectively and individually, as "Company") and JOHN S....Severance Agreement • April 11th, 2000 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)
Contract Type FiledApril 11th, 2000 Company Industry
THIRD AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • July 7th, 2011 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina
Contract Type FiledJuly 7th, 2011 Company Industry JurisdictionTHIS FIFTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is made as of the fifth day of July, 2011, by and among BASSETT FURNITURE INDUSTRIES, INCORPORATED, a Virginia corporation (the “Borrower”), BRANCH BANKING AND TRUST COMPANY (“BB&T”), as agent (in such capacity, the “Agent”) and Licensee Lender (as defined in the Credit Agreement identified below), the banks listed on the signature pages hereof (collectively referred to herein as the “Banks”) and BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, LLC (formerly Bassett Furniture Industries of North Carolina, Inc.), THE E.B. MALONE CORPORATION, BASSETT DIRECT STORES, LLC (formerly Bassett Direct Stores, Inc.), BASSETT DIRECT NC, LLC, and BASSETT DIRECT SC, LLC (collectively referred to herein as the “Guarantors”).
ASSETT FURNITURE INDUSTRIES, INCORPORATED PERFORMANCE SHARE AWARD AGREEMENTPerformance Share Award Agreement • January 31st, 2022 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
Contract Type FiledJanuary 31st, 2022 Company Industry JurisdictionThis Performance Share Award Agreement (this “Agreement”) is made between Bassett Furniture Industries, Incorporated, a Virginia corporation (“Bassett”), and you, an employee of Bassett or one of its Subsidiaries, pursuant to the Bassett Furniture Industries, Incorporated 2021 Stock Incentive Plan (the “Plan”). A Prospectus describing the Plan is attached as Exhibit A. When used herein, the terms which are defined in the Plan shall have the meanings given to them in the Plan.
BASSETT FURNITURE INDUSTRIES, INCORPORATED PERFORMANCE SHARE AWARD AGREEMENTPerformance Share Award Agreement • January 22nd, 2014 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
Contract Type FiledJanuary 22nd, 2014 Company Industry JurisdictionThis Performance Share Award Agreement (this “Agreement”) is made between Bassett Furniture Industries, Incorporated, a Virginia corporation (“Bassett”), and you, an employee of Bassett or one of its Subsidiaries, pursuant to the Bassett Furniture Industries, Incorporated Stock Incentive Plan (the “Plan”). A Prospectus describing the Plan is attached as Exhibit A. When used herein, the terms which are defined in the Plan shall have the meanings given to them in the Plan.
Branch Banking & Trust Co. Commercial February 11, 2009 2120 Langhorne Road Lynchburg, VA 24501Waiver of Covenant • February 18th, 2009 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)
Contract Type FiledFebruary 18th, 2009 Company Industry
1 EXHIBIT 10F SEVERANCE AGREEMENT AND GENERAL RELEASE This AGREEMENT is made between BASSETT FURNITURE INDUSTRIES, INC., and its affiliates, subsidiaries and predecessors (referred to herein, collectively and individually, as "Company") and DOUGLAS W....Severance Agreement • April 11th, 2000 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)
Contract Type FiledApril 11th, 2000 Company Industry
FOURTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • April 12th, 2011 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina
Contract Type FiledApril 12th, 2011 Company Industry JurisdictionTHIS FOURTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is made as of the fourth day of March, 2011, by and among BASSETT FURNITURE INDUSTRIES, INCORPORATED, a Virginia corporation (the “Borrower”), BRANCH BANKING AND TRUST COMPANY (“BB&T”), as agent (in such capacity, the “Agent”) and Licensee Lender (as defined in the Credit Agreement identified below), the banks listed on the signature pages hereof (collectively referred to herein as the “Banks”) and BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, LLC (formerly Bassett Furniture Industries of North Carolina, Inc.), THE E.B. MALONE CORPORATION, BASSETT DIRECT STORES, LLC (formerly Bassett Direct Stores, Inc.), BASSETT DIRECT NC, LLC, and BASSETT DIRECT SC, LLC (collectively referred to herein as the “Guarantors”).
EIGHTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of May 15, 2024 among BASSETT FURNITURE INDUSTRIES, INCORPORATED, The Initial Guarantors Listed Herein, and TRUIST BANKCredit Agreement • July 11th, 2024 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)
Contract Type FiledJuly 11th, 2024 Company IndustryTHIS EIGHTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of May 15, 2024, is by and among BASSETT FURNITURE INDUSTRIES, INCORPORATED (the “Borrower”), BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, LLC, BASSETT DIRECT STORES, LLC. BASSETT DIRECT NC, LLC, BASSETT DIRECT SC, LLC and TRUIST BANK.
SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of January 27, 2022 among BASSETT FURNITURE INDUSTRIES, INCORPORATED, The Initial Guarantors Listed Herein, and TRUIST BANKCredit Agreement • January 31st, 2022 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
Contract Type FiledJanuary 31st, 2022 Company Industry JurisdictionTHIS SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of January 27, 2022, is by and among BASSETT FURNITURE INDUSTRIES, INCORPORATED, BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, LLC, BASSETT DIRECT STORES, LLC. BASSETT DIRECT NC, LLC, BASSETT DIRECT SC, LLC and TRUIST BANK, formerly known as Branch Banking and Trust Company.
FOURTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of December 9, 2011 among BASSETT FURNITURE INDUSTRIES, INCORPORATED, The Initial Guarantors Listed Herein, and BRANCH BANKING AND TRUST COMPANYCredit Agreement • February 4th, 2013 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
Contract Type FiledFebruary 4th, 2013 Company Industry JurisdictionFOURTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of December ___, 2011 among BASSETT FURNITURE INDUSTRIES, INCORPORATED, BASSETT FURNITURE INDUSTRIES OF NORTH CAROLINA, LLC, BASSETT DIRECT STORES, LLC. BASSETT DIRECT NC, LLC, BASSETT DIRECT SC, LLC and BRANCH BANKING AND TRUST COMPANY.
STOCK PURCHASE AGREEMENT BY AND AMONG IHFC ACQUISITION COMPANY LLC, INTERNATIONAL HOME FURNISHINGS CENTER, INC., AND THE SHAREHOLDERS OF INTERNATIONAL HOME FURNISHINGS CENTER, INC. DATED FEBRUARY 25, 2011Stock Purchase Agreement • March 1st, 2011 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina
Contract Type FiledMarch 1st, 2011 Company Industry JurisdictionSTOCK PURCHASE AGREEMENT, dated as of February 25, 2011, is entered into by and among IHFC Acquisition Company LLC, a Delaware limited liability company (the “Purchaser”), International Home Furnishings Center, Inc., a North Carolina corporation (the “Company”), and each of the shareholders of the Company set forth on Exhibit A (collectively, the “Shareholders” and each, individually, a “Shareholder”).