LETTER OF CREDIT AGREEMENTLetter of Credit Agreement • January 30th, 2006 • Rowe Companies • Household furniture • New York
LETTER OF CREDIT AGREEMENT (this “Agreement”), dated as of January 27, 2006, between Gerald M. Birnbach (the “Account Party”), and GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, as agent (in such capacity, herein the “Agent”) for certain lenders (the “Lenders”) under the Credit Agreement dated as of January 6, 2006 (as the same may be amended, modified or supplemented from time to time, the “Credit Agreement”) among (a) Agent, (b) Lenders, (c) The Rowe Companies, Rowe Furniture, Inc. and Storehouse, Inc., as Borrowers (individually, a “Borrower” and collectively, the “Borrowers”), and (d) the other credit parties signatory thereto. Unless otherwise defined all capitalized terms used herein shall have the meaning given to them in the Credit Agreement.
AGREEMENTAgreement • January 30th, 2006 • Rowe Companies • Household furniture • Maryland
THIS AGREEMENT is made this 26th day of January 2006 by and among Sidney J. Silver (“Silver”), Gerald M. Birnbach (“Birnbach”), The Rowe Companies (“Rowe”), Rowe Furniture, Inc. (“RF”), Storehouse, Inc. (“SH”), Rowe Diversified, Inc. (“RD”) and Rowe Properties, Inc. (“RP”). Silver and Birnbach may hereinafter be referred to collectively as the “Guarantors”, and Rowe, RF and SH may hereinafter be referred to collectively as the “Borrowers”, and the Borrowers, RD and RP may hereinafter be referred to collectively as the “Credit Parties”).
FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • January 30th, 2006 • Rowe Companies • Household furniture • New York
This FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of January 27, 2006, to the Credit Agreement (as defined below), among (a) The Rowe Companies, a Nevada corporation, Rowe Furniture, Inc., a Virginia corporation and Storehouse, Inc., a Georgia corporation (collectively, the “Borrowers”), (b) the other Credit Parties signatory thereto, (c) the lenders or other financial institutions party thereto (each a “Lender” and, collectively, the “Lenders”) and (d) General Electric Capital Corporation, a Delaware corporation, as agent (in such capacity, the “Agent” and, in its individual capacity, “GE Capital”) for the Lenders. All capitalized terms used in this Amendment and not otherwise defined herein shall have the same meanings herein as in the Credit Agreement (as defined below) or in Annex A thereto.
