Bassett Furniture Industries Inc Sample Contracts

EXECUTION COPY] CREDIT AGREEMENT
Credit Agreement • April 11th, 2000 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina
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CREDIT AGREEMENT
Credit Agreement • February 22nd, 2001 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • London
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Rights Agreement • July 6th, 1998 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia
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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
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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, 2022
Asset Purchase Agreement • February 1st, 2022 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Delaware

This 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.

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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 Agent
Credit Agreement • February 7th, 2008 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina

THIRD 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.

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THIRD AMENDED AND RESTATED GENERAL SECURITY AGREEMENT
General Security Agreement • February 7th, 2008 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina

THIS 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.

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INDEMNIFICATION AGREEMENT
Indemnification Agreement • October 18th, 2022 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia

THIS INDEMNIFICATION AGREEMENT (“Agreement”) is made as of October 12, 2022, by and between Bassett Furniture Industries Inc., a Virginia corporation (the “Company”), and [ ] (“Indemnitee”).

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EMPLOYMENT AGREEMENT
Employment Agreement • April 9th, 2015 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)

This 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”).

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SIXTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of June 15, 2020 among BASSETT FURNITURE INDUSTRIES, INCORPORATED, The Initial Guarantors Listed Herein, and TRUIST BANK
Credit Agreement • July 9th, 2020 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia

THIS 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.

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FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT
Credit Agreement • August 14th, 2008 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina

THIS 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”).

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BASSETT FURNITURE INDUSTRIES, INCORPORATED PERFORMANCE SHARE AWARD AGREEMENT
Performance Share Award Agreement • January 23rd, 2014 • 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 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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SECOND AMENDMENT AND WAIVER TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT AND OMNIBUS AMENDMENT TO GUARANTY AND NOTE PURCHASE AGREEMENTS
Guaranty and Note Purchase Agreements • October 8th, 2009 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina

THIS 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”).

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BASSETT FURNITURE INDUSTRIES, INCORPORATED FORM STOCK OPTION AWARD AGREEMENT
Stock Option Award Agreement • January 30th, 2006 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)

This 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.

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FIRST AMENDMENT TO FIFTH AMENDED AND RESTATED CREDIT AGREEMENT
Credit Agreement • January 17th, 2019 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia

THIS 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”).

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FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT
Credit Agreement • November 23rd, 2005 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina

THIS 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”).

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BASSETT FURNITURE INDUSTRIES INC. EMPLOYMENT CONTINUITY AGREEMENT
Employment Continuity Agreement • January 28th, 2009 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)

THIS 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”).

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AGREEMENT
Agreement • April 16th, 2008 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia

This 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”).

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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 and General Release • April 11th, 2000 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)
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THIRD AMENDED AND RESTATED CREDIT AGREEMENT
Credit Agreement • July 7th, 2011 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina

THIS 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”).

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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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BASSETT FURNITURE INDUSTRIES, INCORPORATED PERFORMANCE SHARE AWARD AGREEMENT
Performance Share Award Agreement • January 22nd, 2014 • 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 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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Branch Banking & Trust Co. Commercial February 11, 2009 2120 Langhorne Road Lynchburg, VA 24501
Bassett Furniture Industries Inc • February 18th, 2009 • Wood household furniture, (no upholstered)
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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....
10f Severance Agreement and General Release • April 11th, 2000 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered)
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FOURTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT
Credit Agreement • April 12th, 2011 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina

THIS 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”).

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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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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 COMPANY
Credit Agreement • February 4th, 2013 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia

FOURTH 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.

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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 COMPANY
Credit Agreement • March 31st, 2016 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Virginia

FIFTH 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.

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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, 2011
Stock Purchase Agreement • March 1st, 2011 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • North Carolina

STOCK 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”).

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