Document:

EXHIBIT 10.22

  
 Exhibit 10.22

  
 THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT

  
 THIS THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT
(this “Amendment”) is made and entered into this 28th day of February, 2003, by and among THE ROWE COMPANIES, a Nevada corporation, ROWE DIVERSIFIED, INC., a Delaware corporation, ROWE FURNITURE WOOD PRODUCTS, INC., a
California corporation, ROWE PROPERTIES, INC., a California corporation, STOREHOUSE, INC., a Georgia corporation, ROWE FURNITURE, INC., a Virginia corporation, and THE MITCHELL GOLD CO., a North Carolina corporation
(hereinafter referred to collectively as “Borrowers” and individually as a “Borrower”), the various financial institutions (collectively, “Lenders”) named in the Loan Agreement (as defined below), and FLEET CAPITAL
CORPORATION, a Rhode Island corporation in its capacity as collateral and administrative agent for itself and Lenders (together with its successors in such capacity, “Agent”). 
  
 Recitals: 
  
 Agent, Lenders and Borrowers are parties to a certain Loan and Security
Agreement dated May 15, 2002, as amended by that certain letter amendment dated as of June 17, 2002, and a certain Second Amendment to Loan and Security Agreement dated October 10, 2002 (as so amended, the “Loan Agreement”), pursuant to
which Agent and Lenders have made certain revolving credit and term loans and other financial accommodations to Borrowers. 
  
 Home Elements, Inc., a Virginia corporation and one of the original “Borrowers” under the Loan Agreement, merged into Storehouse, Inc. on May
31, 2002. 
  
 The parties desire to amend the Loan Agreement as
hereinafter set forth. 
  
 NOW, THEREFORE, for TEN DOLLARS
($10.00) in hand paid and other good and valuable consideration, the receipt and sufficiency of which are hereby severally acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 
  
 1. Definitions. All capitalized terms used in this Amendment,
unless otherwise defined herein, shall have the meaning ascribed to such terms in the Loan Agreement. 
  
 2. Amendment to Loan Agreement. The Loan Agreement is hereby amended by deleting Section 9.3.2 thereof in its entirety and by substituting
in lieu thereof the following: 
  
 9.3.2
Minimum Consolidated Adjusted Tangible Net Worth. 
  

 (a) During the period commencing on the Closing Date and ending on December 1, 2002,
maintain a Consolidated Adjusted Tangible Net Worth of not less than the amount shown below for the Fiscal Quarter ending on a date set forth below that corresponds thereto: 
  

				
	 Period

	  	Amount

		
	 June 2, 2002
	  	$	13,000,000
		
	 September 1, 2002
	  	$	14,000,000
		
	 December 1, 2002
	  	$	2,000,000

  
 (b)
At all times from and after December 1, 2002, maintain as of the last day of each Fiscal Quarter thereafter a Consolidated Adjusted Tangible Net Worth equal to the amount set forth above as of December 1, 2002 plus an amount equal to 50% of
Net Income during each such Fiscal Quarter, but no reduction in the foregoing amount shall be made if Net Income in any Fiscal Quarter is a negative number. 
  
 3. Ratification and Reaffirmation. Each Borrower hereby ratifies and reaffirms the Obligations, each of the Loan Documents and all of such
Borrower’s covenants, duties, indebtedness and liabilities under the Loan Documents. 
  
 4. Acknowledgments and Stipulations. Each Borrower acknowledges and stipulates that the Loan Agreement and the other Loan Documents executed by such Borrower are legal, valid and binding obligations of
such Borrower that are enforceable against such Borrower in accordance with the terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or
counterclaim on the date hereof, the same is hereby waived by such Borrower); the security interests and liens granted by such Borrower in favor of Agent are duly perfected, first priority security interests and liens (except as otherwise explicitly
provided in the Loan Agreement); and the unpaid principal amount of the Loans on and as of February 27, 2003 totaled $23,341,761.75. 
  
 5. Representations and Warranties. Each Borrower represents and warrants to Agent and Lenders, to induce Agent and Lenders to enter into
Amendment, that no Default or Event of Default exists on the date hereof; the execution, delivery and performance of this Amendment have been duly authorized by all requisite corporate action on the part of such Borrower; and all of the
representations and warranties made by such Borrower in the Loan Agreement are true and correct on and as of the date hereof. 
  
 6. Reference to Loan Agreement. Upon the effectiveness of this Amendment, each reference in the Loan Agreement to “this
Agreement,” “hereunder,” or words of like import shall mean and be a reference to the Loan Agreement, as amended by this Amendment. 
  
 7. Breach of Amendment. This Amendment shall be part of the Loan Agreement and a breach of any representation, warranty or covenant herein
shall constitute an Event of Default. 
  

 - 2 - 

 8. Expenses of Agent and Lenders. Borrowers jointly and severally agree to pay on
demand, all costs and expenses incurred by Agent and Lenders in connection with the preparation, negotiation and execution of this Amendment and any other Loan Documents executed pursuant hereto and any and all amendments, modifications, and
supplements thereto, including, without limitation, the costs and fees of Agent’s and Lenders’ legal counsel and any taxes or expenses associated with or incurred in connection with any instrument or agreement referred to herein or
contemplated hereby. 
  
 9. Effectiveness: Governing
Law. This Amendment shall be effective upon acceptance by Agent and Lenders (notice of which acceptance each Borrower hereby waives), Whereupon the same shall be governed by and construed in accordance with the internal laws of the State of
Georgia. 
  
 10. Successors and Assigns. This
Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 
  
 11. No Novation, etc. Except as otherwise expressly provided in this Amendment, nothing herein shall be deemed to amend or modify any
provision of the Loan Agreement or any of the other Loan Documents, each of which shall remain in full force and effect. This amendment is not intended to be, nor shall it be construed to create, a novation or accord and satisfaction, and the Loan
Agreement as herein modified shall continue in full force and effect. 
  
 12. Counterparts; Telecopied Signatures. This Amendment may be executed in any number of counterparts and by different parties to this Amendment on separate counterparts, each of which, when so executed, shall be deemed an
original, but all such counterparts shall constitute one and the same agreement. Any signature delivered by a party by facsimile transmission shall be deemed to be an original signature hereto. 
  
 13. Further Assurances. Each Borrower agrees to take such
further actions as Agent or Lenders shall reasonably request from time to time in connection herewith to evidence or give effect to the amendments set forth herein or any of the transactions contemplated hereby. 
  
 14. Section Titles. Section titles and references used in this
Amendment shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreements among the parties hereto. 
  
 15. Waiver of Jury Trial. To the fullest extent permitted by Applicable Law, the parties hereto each hereby waives the right to trial by jury in
any action, suit, counterclaim or proceeding arising out of or related to this Amendment. 
  
 [Signatures commence on following page] 
  

 - 3 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed under seal and
delivered by their respective duly authorized officers on the date first written above. 
  

									
	 	 	 	 	 BORROWERS:

			
	 	 	 	 	THE ROWE COMPANIES
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Garry W. Angle
	 	 	 	By:	 	 /s/ Gerald M. Birnbach

	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	Gerald M. Birnbach,
	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board and President

  

									
	 	 	 	 	ROWE DIVERSIFIED, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Debbie Jacks
	 	 	 	By:	 	 /s/ Gerald M. Birnbach

	 Debbie Jacks, Secretary
	 	 	 	 	 	Gerald M. Birnbach,
	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board and President

  

									
	 	 	 	 	ROWE FURNITURE WOOD PRODUCTS, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Garry W. Angle
	 	 	 	By:	 	 /s/ Gerald M. Birnbach

	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	Gerald M. Birnbach,
	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board and President

  

									
	 	 	 	 	ROWE PROPERTIES, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Garry W. Angle
	 	 	 	By:	 	 /s/ Gerald M. Birnbach

	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	Gerald M. Birnbach,
	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board and President

  
 [Signature continued on
following page] 
  

 - 4 - 

									
	 	 	 	 	STOREHOUSE, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Garry W. Angle
	 	 	 	By:	 	 /s/ Gerald M. Birnbach

	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	Gerald M. Birnbach,
	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board

  

									
	 	 	 	 	ROWE FURNITURE, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Garry W. Angle
	 	 	 	By:	 	 /s/ Gerald M. Birnbach

	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	Gerald M. Birnbach,
	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board

  

									
	 	 	 	 	THE MITCHELL GOLD CO.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Garry W. Angle
	 	 	 	By:	 	 /s/ Gerald M. Birnbach

	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	Gerald M. Birnbach,
	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board

  

											
	 	 	 	 	 	 	 LENDERS:
  
 FLEET CAPITAL CORPORATION
 (“Lender”)

	 	 	 	 	 	 
	 	 	 	 	 	 
						
	 	 	  	 	 	 	By:	 	 	 	 
						
	 	 	 	 	 	 	 	 	Title:	 	 

  

											
			
	 	 	 	 	THE CIT GROUP/COMMERCIAL SERVICES, INC.
	 	 	 	 	 (“Lender”)

					
	 	 	 	 	By:	 	 	 	 
					
	 	 	 	 	 	 	 Title:
	 	 

  
 [Signatures continued
on following page] 
  

 - 5 - 

					
	 AGENT:

	
	 FLEET CAPITAL CORPORATION, as Agent

	 (“Agent”)

		
	By:	 	 
			
	 	 	 Title:
	 	 

  

 - 6 -EXHIBIT 10.23

 Exhibit 10.23 
  
 FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT AND 
 OTHER LOAN DOCUMENTS 
  
 THIS FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT AND OTHER LOAN DOCUMENTS (this “Amendment”) is made and entered into this 3rd day of April, 2003, by and among THE ROWE COMPANIES, a Nevada corporation, ROWE DIVERSIFIED, INC., a Delaware corporation, ROWE FURNITURE
WOOD PRODUCTS, INC., a California corporation, ROWE PROPERTIES, INC., a California corporation, STOREHOUSE, INC., a Georgia corporation, and ROWE FURNITURE, INC., a Virginia corporation, (hereinafter referred to collectively
as “Borrowers” and individually as a “Borrower”), the various financial institutions (collectively, “Lenders”) named in the Loan Agreement (as defined below), and FLEET CAPITAL CORPORATION, a Rhode Island
corporation, in its capacity as collateral and administrative agent for itself and Lenders (together with its successors in such capacity, “Agent”). 
  

Recitals: 
  
 Agent, Lenders and Borrowers are parties to a certain Loan and Security Agreement dated May 15, 2002, as amended by a certain letter amendment dated as of
June 17, 2002, a certain Second Amendment to Loan and Security Agreement dated October 10, 2002 and a certain Fourth Amendment to Loan and Security Agreement dated February 28, 2003 (as otherwise amended at any time, the “Loan Agreement”),
pursuant to which Agent and Lenders have made certain revolving credit and term loans and other financial accommodations to Borrowers. 
  
 Home Elements, Inc., a Virginia corporation and one of the original “Borrowers” under the Loan Agreement (“Home Elements”), merged
into Storehouse, Inc. on May 31, 2002. 
  
 All the equity
interests of The Mitchell Gold Co., a North Carolina corporation and one of the original “Borrowers” under the Loan Agreement (“Mitchell Gold Co.”), have been sold to Furniture Acquisition Corp., a Delaware corporation.

  
 The parties desire to amend the Loan Agreement as hereinafter
set forth. 
  
 NOW, THEREFORE, for TEN DOLLARS ($10.00) in hand
paid and other good and valuable consideration, the receipt and sufficiency of which are hereby severally acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 
  
 1. Definitions. All capitalized terms used in this Amendment,
unless otherwise defined herein, shall have the meaning ascribed to such terms in the Loan Agreement. 
  
 2. Global Amendments to Loan Documents. Mitchell Gold Co. and Home Elements are no longer “Borrowers” under the Loan Agreement.
All references to “The Mitchell Gold Co.,” “Mitchell Gold Co.,” “Home Elements, Inc.,” “Home Elements” or names of similar import in the Loan Agreement and the other Loan Documents are 

  

 
hereby deleted. All references to a “Borrower,” “Borrowers” or terms of similar import in the Loan Agreement and the other Loan Documents
shall no longer be deemed to include or refer to Mitchell Gold Co. or Home Elements. 
  
 3. Specific Amendments to Loan Agreement. The Loan Agreement is hereby amended as follows: 
  
 (a) By deleting the reference to “$45,000,000.00” on the cover page thereof and by substituting in lieu thereof a reference to
“$35,000,000.00” 
  
 (b) By deleting
the introductory paragraph in Section 1 of the Loan Agreement and by substituting in lieu thereof the following: 
  
 Subject to the terms and conditions of, and in reliance upon the representations and warranties made in, this Agreement and the other Loan
Documents, Lenders severally agree to the extent and in the manner hereinafter set forth to make their respective Pro Rata shares of the Commitments available to Borrowers, in an aggregate amount up to $35,000,000, as follows: 
  
 (c ) By deleting Section 9.2.9 thereof in its entirety and
by substituting in lieu thereof the following: 
  
 9.2.9. Capital Expenditures. Make Capital Expenditures (including expenditures by way of capitalized leases but excluding (i) the effect of any SunTrust Lease Adjustment and (ii) amounts expensed to repair or restore damaged or
destroyed Equipment or Real Estate, to the extent of insurance or condemnation proceeds received for application (and actually applied) for such purpose pursuant to Section 7.1.2(ii) hereof which in the aggregate, as to all Borrowers and
their Subsidiaries, exceed $4,000,000 during Borrowers’ 2002 Fiscal Year, $4,000,000 during Borrowers’ 2003 Fiscal Year, $6,000,000 during Borrowers’ 2004 Fiscal Year or $7,000,000 during any Fiscal Year of Borrowers thereafter.

  
 (d) By deleting the definitions of
“Inventory Formula Amount” and “Revolver Commitment” in Appendix A to the Loan Agreement and by inserting in lieu thereof the following: 
  
 Inventory Formula Amount - on any date of determination thereof, an amount equal to the lesser of (i) the lesser of (a) $22,000,000
or (b) 90% (or such lesser percentage as Agent may in its reasonable credit judgment determine from time to time) of the net liquidation value of Eligible Inventory (as determined from time to time based upon appraisals conducted by Ozer Valuation
Services or such other independent appraisers acceptable to Agent) or (ii) 

  

 
the sum of (a) 14% (or such lesser percentage as Agent may in its reasonable credit judgment determine from time to time) of the Value of Eligible Inventory
on such date consisting of raw materials plus (b) the lesser of (1) $2,000,000 or (2) 45% (or such lesser percentage as Agent may in its reasonable credit judgment determine from time to time) of the Value of Eligible Inventory on such date
consisting of work-in-process plus (c) 74% (or such lesser percentage as Agent may in its reasonable credit judgment determine from time to time) of the Value of Eligible Inventory on such date consisting of retail and manufactured finished goods.

  
 Revolver Commitment - at any date for
any Lender, the obligation of such Lender to make Revolver Loans and to purchase participations in LC Outstandings pursuant to the terms and conditions of the Agreement, which shall not exceed the principal amount set forth opposite such
Lender’s name under the heading “Revolver Commitment” on the signature pages of the Agreement or the signature page on the Assignment and Acceptance by which it became a Lender, as modified from time to time pursuant to the terms of
the Agreement or to give effect to any applicable Assignment and Acceptance; and “Revolver Commitments” means the aggregate principal amount of the Revolver Commitments of all Lenders, the maximum amount of which shall be
$30,000,000. 
  
 (e ) By adding the following new
definitions to Appendix A to the Loan Agreement in the proper alphabetical sequence: 
  
 Applicable Financial Lease - Master Lease Agreement No. AF10323 dated March 31, 2003, among Borrowers and Applied Financial LLC,
and Lease Schedule No. 001 thereto. 
  
 Applied Financial Leased Equipment - the Unisys CS 7211-S3 Main Frame System Hardware, Software and Services, as more particularly described in the Applied Financial Lease. 
  
 Operating Lease Transaction - the transaction in
which Borrowers have leased the Applied Financial Leased Equipment pursuant to the Applied Financial Lease Agreement. 
  
 (f) By deleting the principal amounts set forth as the “Revolver Commitment” for each Lender opposite each such Lender’s
name on the signature pages of the Loan Agreement and by inserting in lieu thereof the principal amounts set forth as the 

  

 
“Revolver Commitment” for each Lender opposite each such Lender’s name on the signature pages of this Amendment. 
  
 (g) Agent and Lenders hereby consent to Borrowers’
consummation of the Operating Lease Transaction and agree that Borrowers’ may assign all of their right, title and interest in and to the Applied Financial Leased Equipment free and clear of Agent’s Liens. 
  
 4. Accommodation Fee. To induce Agent and Lenders to enter into
this Amendment, simultaneously with the execution and delivery of this Amendment, Borrowers shall pay to Agent, for the Pro Rata benefit of Lenders party to the Loan Agreement as of the date hereof, an accommodation fee in the amount of $10,000.00.

  
 5. Ratification and Reaffirmation. Each Borrower
hereby ratifies and reaffirms the Obligations, each of the Loan Documents and all of such Borrower’s covenants, duties, indebtedness and liabilities under the Loan Documents. 
  
 6. Acknowledgements and Stipulations. Each Borrower acknowledges and stipulates that the Loan Agreement and
the other Loan Documents executed by such Borrower are legal, valid and binding obligations of such Borrower that are enforceable against such Borrower in accordance with the terms thereof; all of the Obligations are owing and payable without
defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by such Borrower); the security interests and liens granted by such Borrower in favor of Agent are
duly perfected, first priority security interests and liens (except as otherwise explicitly provided in the Loan Agreement); and the unpaid principal amount of the Loans on and as of April 1, 2003, totaled $30,430,680.30. 
  
 7. Representations and Warranties. Each Borrower represents and
warrants to Agent and Lenders, to induce Agent and Lenders to enter into this Amendment, that no Default or Event of Default exists on the date hereof; the execution, delivery and performance of this Amendment have been duly authorized by all
requisite corporate action on the part of such Borrower and this Amendment has been duly executed and delivered by such Borrower; and all of the representations and warranties made by such Borrower in the Loan Agreement are true and correct on and
as of the date hereof. 
  
 8. Reference to Loan
Agreement. Upon the effectiveness of this Amendment, each reference in the Loan Agreement to “this Agreement,” “hereunder,” or words of like import shall mean and be a reference to the Loan Agreement, as amended by this
Amendment. 
  
 9. Breach of Amendment. This
Amendment shall be part of the Loan Agreement and a breach of any representation, warranty or covenant herein shall constitute an Event of Default. 
  
 10. Expenses of Agent and Lenders. Borrowers jointly and severally agree to pay, on demand, all costs and expenses incurred by Agent
and Lenders in connection with the preparation, negotiation and execution of this Amendment and any other Loan 

  

 
Documents executed pursuant hereto and any and all amendments, modifications, and supplements thereto, including, without limitation, the costs and fees of
Agent’s and Lenders’ legal counsel and any taxes or expenses associated with or incurred in connection with any instrument or agreement referred to herein or contemplated hereby. 
  
 11. Effectiveness; Governing Law. This Amendment shall be
effective upon acceptance by Agent and Lenders (notice of which acceptance each Borrower hereby waives), whereupon the same shall be governed by and construed in accordance with the internal laws of the State of Georgia. 
  
 12. Successors and Assigns. This Amendment shall be binding
upon and more to the benefit of the parties hereto and their respective successors and assigns. 
  
 13. No Novation, etc. Except as otherwise expressly provided in this Amendment, nothing herein shall be deemed to amend or modify any
provision of the Loan Agreement or any of the other Loan Documents, each of which shall remain in full force and effect. This Amendment is not intended to be, nor shall it be construed to create, a novation or accord and satisfaction, and the Loan
Agreement as herein modified shall continue in full force and effect. 
  
 14. Counterparts; Telecopied Signatures. This Amendment may be executed in any number of counterparts and by different parties to this Amendment on separate counterparts, each of which, when so executed, shall be deemed an
original, but all such counterparts shall constitute one and the same agreement. Any signature delivered by a party by facsimile transmission shall be deemed to be an original signature hereto. 
  
 15. Further Assurances. Each Borrower agrees to take such
further actions as Agent or Lenders shall reasonably request from time to time in connection herewith to evidence or give effect to the amendments set forth herein or any of the transactions contemplated hereby. 
  
 16. Section Titles. Section titles and references used in this
Amendment shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreements among the parties hereto. 
  
 17. Waiver of Jury Trial. To the fullest extent permitted by Applicable Law, the parties hereto each hereby waives the right to trial by jury in
any action, suit, counterclaim or proceeding arising out of or related to this Amendment. 
  
 [Signatures commence on following page] 
  

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed under seal and
delivered by their respective duly authorized officers on the date first written above. 
  

									
	 	 	 	 	THE ROWE COMPANIES
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Garry W. Angle
	 	 	 	By:	 	 /s/ Gerald M. Birnbach

	 Garry W. Angle, Assistant Secretary
 [CORPORATE SEAL]
	 	 	 	 	 	 Gerald M. Birnbach,
 Chairman of the Board and President

			
	 	 	 	 	ROWE DIVERSIFIED, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Debbie Jacks
	 	 	 	By:	 	 /s/ Gerald M. Birnbach

	 Debbie Jacks, Secretary
 [CORPORATE SEAL]
	 	 	 	 	 	 Gerald M. Birnbach,
 Chairman of the Board and President

			
	 	 	 	 	ROWE FURNITURE WOOD PRODUCTS, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Garry W. Angle
	 	 	 	By:	 	 /s/ Gerald M. Birnbach

	 Garry W. Angle, Assistant Secretary
 [CORPORATE SEAL]
	 	 	 	 	 	 Gerald M. Birnbach,
 Chairman of the Board and President

			
	 	 	 	 	ROWE PROPERTIES, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Garry W. Angle
	 	 	 	By:	 	 /s/ Gerald M. Birnbach

	 Garry W. Angle, Assistant Secretary
 [CORPORATE SEAL]
	 	 	 	 	 	 Gerald M. Birnbach,
 Chairman of the Board and President

  
 [Signatures continued
on following page] 
  

											
	 	 	 	 	STOREHOUSE, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Garry W. Angle
	 	 	 	 By:
	 	 /s/ Gerald M. Birnbach

	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	Gerald M. Birnbach,
	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board

			
	 	 	 	 	ROWE FURNITURE, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 /s/ Garry W. Angle
	 	 	 	 By:
	 	 /s/ Gerald M. Birnbach

	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	 Gerald M. Birnbach,

	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board

			
	 	 	 	 	FLEET CAPITAL CORPORATION
	 	 	 	 	 (“Lender”)

				
	 Revolver Commitment: $16,666,667.00
	 	 	 	 By:
	 	 
					
	 	 	 	 	 	 	 Title:
	 	 
			
	 	 	 	 	THE CIT GROUP/COMMERCIAL
	 	 	 	 	SERVICES, INC.
	 	 	 	 	 (“Lender”)

				
	 Revolver Commitment: $13,333,333.00
	 	 	 	 By:
	 	 
					
	 	 	 	 	 	 	 Title:
	 	 

  
 [Signatures continued
on following page] 
  

											
	 	 	 	 	STOREHOUSE, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 	 	 	 	 By:
	 	 
	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	Gerald M. Birnbach,
	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board

			
	 	 	 	 	ROWE FURNITURE, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 	 	 	 	 By:
	 	 
	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	 Gerald M. Birnbach,

	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board

			
	 	 	 	 	FLEET CAPITAL CORPORATION
	 	 	 	 	 (“Lender”)

				
	 Revolver Commitment: $16,666,667.00
	 	 	 	 By:
	 	 /s/ Illegible

					
	 	 	 	 	 	 	 Title:
	 	 Vice President

			
	 	 	 	 	THE CIT GROUP/COMMERCIAL
	 	 	 	 	SERVICES, INC.
	 	 	 	 	 (“Lender”)

				
	 Revolver Commitment: $13,333,333.00
	 	 	 	 By:
	 	 
					
	 	 	 	 	 	 	 Title:
	 	 

  
 [Signatures continued
on following page] 
  

											
	 	 	 	 	STOREHOUSE, INC.
	 ATTEST:
	 	 	 	 (“Borrower”)

				
	 	 	 	 	 By:
	 	 
	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	Gerald M. Birnbach,
	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board

				
	 	 	 	 	 By:
	 	 
	 Garry W. Angle, Assistant Secretary
	 	 	 	 	 	 Gerald M. Birnbach,

	 [CORPORATE SEAL]
	 	 	 	 	 	 Chairman of the Board

			
	 	 	 	 	FLEET CAPITAL CORPORATION
	 	 	 	 	 (“Lender”)

				
	 Revolver Commitment: $16,666,667.00
	 	 	 	 By:
	 	 
					
	 	 	 	 	 	 	 Title:
	 	 
			
	 	 	 	 	THE CIT GROUP/COMMERCIAL
	 	 	 	 	SERVICES, INC.
	 	 	 	 	 (“Lender”)

				
	 Revolver Commitment: $13,333,333.00
	 	 	 	 By:
	 	 /s/ Illegible

				
	 	 	 	 	 	 	 Title: Vice President

  
 [Signatures continued
on following page] 
  

			
	FLEET CAPITAL CORPORATION
	 as agent (“Agent”)

		
	 By:
	 	 /s/ Illegible

		
	 	 	 Title: Vice President

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