0001437749-22-001938 Sample Contracts

ASSETT FURNITURE INDUSTRIES, INCORPORATED PERFORMANCE SHARE AWARD AGREEMENT
Performance Share Award Agreement • January 31st, 2022 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia

This 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.

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SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of January 27, 2022 among BASSETT FURNITURE INDUSTRIES, INCORPORATED, The Initial Guarantors Listed Herein, and TRUIST BANK
Credit Agreement • January 31st, 2022 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia

THIS 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.

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