| 1. | Deferred      Bonus Amounts.  The Executive shall be awarded a      designated deferred bonus (each, a “Deferred Bonus Amount”) in the amount      and at the date specified in the table below.  The vested      portion of each Deferred Bonus Amount shall be paid to the Executive (or      the Executive’s Beneficiary in the event of his death) on the Payment Date      designated in the table below. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| FiscalYear |   | Deferred BonusAmount |   | Award Date |                  | Payment Date |
|------------|--------|---------------------------|--------|-----------------|-----------------------|-------------------|
| 2009       |   | $                         | 50,000 |            | February      8, 2008 |              | January      31, 2010 |
| 2010       |   | $                         | 50,000 |            | February      1, 2009 |              | January      30, 2011 |
| 2011       |   | $                         | 50,000 |            | January      31, 2010 |              | January      29,2012 |

| 2. | Vesting      of Deferred Bonus Amounts.  The Executive shall be vested      in 33.33% of each Deferred Bonus Amount on the date on which such amount      is awarded.  The Executive shall be vested in 66.66% of each      Deferred Bonus Amount if he remains continuously employed by the Company      until the end of the first fiscal year in which the Deferred Bonus Amount      was awarded.  The Executive shall vest in 100% of each Deferred      Bonus Amount if he remains continuously employed by the Company from each      respective Award Date through the corresponding Payment Date, as set forth      in Section 1 above. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3. | Payment      of Deferred Bonus Amounts.  The Company shall pay the      Executive the vested portion the Executive’s Deferred Bonus Amounts within      fifteen (15) business days following the designated Payment Date for that      Deferred Bonus Amount, as specified in Section 1  above. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Designation      of Beneficiary.  The Executive may designate a      Beneficiary to receive any benefits due under this Agreement upon the      Executive's death.  Such designation must be made by executing a      Beneficiary designation form provided by the Company.  The      Executive may change a Beneficiary designation by executing a subsequent      Beneficiary designation form.  A Beneficiary designation is not      binding on the Company until the Beneficiary designation form is actually      delivered to the Company. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Other      Benefits and Employment.  Nothing contained herein shall      in any way limit the Executive’s right to participate in or benefit from      any pension, retirement, severance, disability, or other employee benefit      plan or arrangement under which he is or may become eligible for by reason      of his employment with the Company.  No provision of this      Agreement shall be construed as conferring upon the Executive the right to      continue in the employ of theCompany. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Withholding.  Notwithstanding      any of the foregoing provisions hereof, the Company may withhold from      payments to be made hereunder all applicable federal and state withholding      taxes. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Unfunded      Arrangement.  There is no fund associated with this      Agreement.  The Company shall be required to make payments only      as benefits become due and payable. The Executive and his Beneficiary      shall have no right, other than the right of an unsecured general      creditor, against the Company in respect to the benefits payable, or which      may be payable, to the Executive and his Beneficiary      hereunder.  If the Company, acting in its sole discretion,      establishes a reserve or other fund associated with this Agreement, the      Executive and his Beneficiary shall have no right to or interest in any      specific amount or asset of such reserve or fund by reason of amounts      which may be payable under this Agreement, and neither the Executive nor      his Beneficiary shall have any right to receive any payment under this      Agreement except as and to the extent expressly provided in this      Agreement. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | No      Assignment of Benefits.  Any benefits to which the      Executive or his Beneficiary may become entitled under this Agreement are      not subject in any manner to anticipation, alienation, sale, transfer,      assignment, pledge, encumbrance, charge, garnishment, execution or levy of      any kind, and any attempt to cause any such benefits to be so subjected      shall not be recognized.  Benefits are not subject to attachment      or legal process for the debts, contracts, liabilities, engagements or      torts of the Executive or his Beneficiary.  This Agreement does      not give the Executive any interest, lien or claim against any specific      asset of the Company. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 9. | Administration. |
|----|-----------------|

|   | (a) | This      Agreement shall be administered by the Company, which shall have the      express discretionary authority to interpret the terms of this Agreement      and to adopt such rules and regulations as it deems necessary to carry out      the Agreement.  Subject to subsection (b) below, the Company's      interpretation and construction of any provision of this Agreement shall      be final and conclusive. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Claims      Procedures. |
|--------|-----|-------------------------|

|   | (A) | Specific      reason or reasons for the denial, |
|--------|-----|-------------------------------------------------|

|   | (iii) | Claims      Review Procedure. |
|--------|-------|-------------------------------|

----

| 10. | Amendment or Termination.   This      Agreement may be amended or revoked at any time in whole or in part by the      mutual written agreement of the Executive and the Company subject to the      provisions of Section 15 presentedbelow. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 11. | Successors.  In      the event of the dissolution, merger, consolidation or reorganization of      the Company, the successor to all or a major portion of the Company’s      assets shall continue this Agreement, and the successor shall have all of      the powers, duties and responsibilities of the Foundation under this      Agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | Governing      Law.  This Agreement shall be construed and enforced in      accordance with and governed by the laws of the state of the Commonwealth      of Virginia, except to the extent preempted by applicable federal law, and      without regard to the conflicts of laws or provisions of any      jurisdiction. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | Construction.  For      construction, the singular and plural include each other where the meaning      would be appropriate.  The headings in this Agreement have been      inserted for convenience of reference only and are to be ignored in any      construction of the provisions. If a provision of this Agreement is not      valid, that invalidity shall not affect any other provisions of this      Agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | Counterparts.  This      Agreement may be executed in several counterparts, each of which shall be      deemed to be an original but all of which together will constitute one and      the same instrument. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15. | Code      Section 409A.  It is intended that this Agreement comply      with Section 409A and any regulations, guidance and transition rules      issued thereunder, and the Agreement shall be interpreted and operated      consistently with that intent.  If the Company shall determine      that any provisions of this Agreement do not comply with the requirements      of Section 409A, the Company shall have the authority to amend the      Agreement to the extent necessary (including retroactively) in order to      preserve compliance with said Section 409A.  The Company shall      also have the express discretionary authority to take such other actions      as may be permissible to correct any failures to comply with Section      409A. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16. | No      Effect on Offer Letter.  This Agreement shall exclusively      govern the terms of the deferred bonus and shall have no effect any other      terms of the Executive’s employment contained in the Offer      Letter.  Such other terms shall remain in full force and      effect. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | HOOKER      FURNITURE CORPORATE                   |
|--------|---------------------------------------------------|
|   |                                              |
|   | /s/ E. Larry Ryder                                |
|   | E.      Larry Ryder,                              |
|   | Executive      Vice President – Finance and |
|   | Administration                                    |

|   | EMPLOYEE                |
|--------|-------------------------|
|   |                    |
|   | /s/ Sekar Sundararajan  |
|   | Sekar      Sundararajan |

----