Document:

<PAGE>

                                                                   Exhibit 10.15

                                OMNIBUS AMENDMENT

     This Omnibus Amendment, dated as of May 15, 2002 (this "Amendment"), is
among ROWE FURNITURE, INC., a Virginia corporation ("Rowe Furniture"), THE ROWE
COMPANIES, a Nevada corporation ("Rowe Companies"), THE MITCHELL GOLD CO., a
North Carolina corporation, ROWE PROPERTIES, INC., a California corporation,
STOREHOUSE, INC., a Georgia corporation, HOME ELEMENTS, INC., a Virginia
corporation, ROWE DIVERSIFIED, INC., a Delaware corporation, and ROWE FURNITURE
WOOD PRODUCTS, INC. (formerly known as The Wexford Collection, Inc.), a
California corporation ("Guarantors"), ATLANTIC FINANCIAL GROUP, LTD., a Texas
limited partnership (the "Lessor"), certain financial institutions parties
hereto as a lender (individually, a "Lender" and collectively, the "Lenders")
and SUNTRUST BANK (as successor to Crestar Bank), a Georgia banking corporation,
as agent for the Lenders (in such capacity, the "Agent").

                                   BACKGROUND

     1. Rowe Furniture, the Guarantors, the Lessor, the Lenders and the Agent
are parties to that certain Master Agreement, dated as of August 27, 1999, as
amended by the First Modification to Synthetic Lease Financing Operative
Documents, dated as of October 11, 2000 (the "Master Agreement").

     2. The Lessor, Rowe Furniture and certain subsidiaries of Rowe Furniture
that may become parties thereto are parties to that certain Master Lease
Agreement, dated as of August 27, 1999, as amended by the First Modification to
Synthetic Lease Financing Operative Documents, dated as of October 11, 2000 (the
"Lease").

     3. The Lessor and Rowe Furniture are parties to that certain Construction
Agency Agreement, dated as of August 27, 1999, as amended by the First
Modification to Synthetic Lease Financing Operative Documents, dated as of
October 11, 2000 (the "Construction Agency Agreement").

     4. The Lessor, the Lenders and the Agent are parties to that certain Loan
Agreement, dated as of August 27, 1999, as amended by the First Modification to
Synthetic Lease Financing Operative Documents, dated as of October 11, 2000 (the
"Loan Agreement")

     5. The parties hereto desire to amend the Master Agreement, the Lease and
the Loan Agreement in certain respects as set forth herein.

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

     SECTION 1. Definitions. Capitalized terms used in this Amendment and not
otherwise defined herein shall have the meanings assigned thereto in the Master
Agreement.

<PAGE>

     SECTION 2. Covenants. The Master Agreement is hereby amended by deleting
Section 5.1(k) thereof in its entirety. The parties hereto hereby agree that the
covenants and continuing agreements set forth in Section 9.3 of the Fleet Loan
Agreement (as hereinafter defined), together with the defined terms used
therein, each as in effect on the date hereof, are hereby incorporated by
reference as if fully set forth herein. In the event that the Fleet Loan
Agreement is amended or terminated after the date hereof, Rowe Furniture shall
promptly notify the Agent thereof in writing, which notice shall be accompanied
by the form of such amendment or of any replacement loan or credit agreement, as
applicable. If requested by the Required Funding Parties, those portions of the
amendment to, or replacement of, the Fleet Loan Agreement as are designated by
the Required Funding Parties shall amend or replace the covenants incorporated
herein by reference. Unless amended or replaced pursuant to the foregoing
sentence, or otherwise with the written agreement of the Required Funding
Parties, the covenants and definitions incorporated herein by reference shall be
those covenants and definitions as they exist on the date of this Amendment, and
shall continue as such, notwithstanding any subsequent amendment or waiver
thereof or any subsequent termination of the Fleet Loan Agreement.

     The following definition shall be added to Appendix A, in appropriate
alphabetical order:

          "Fleet Loan Agreement" means the Loan and Security Agreement, dated as
     of May 15, 2002, among The Rowe Companies, Rowe Diversified, Inc., Rowe
     Elements, Inc., Rowe Furniture Wood Products, Inc., Rowe Properties, Inc.,
     Storehouse, Inc., Rowe Furniture, Inc., The Mitchell Gold Co., the various
     financial institutions party thereto and Fleet Capital Corporation, as
     Agent.

     SECTION 3. Indemnity. Section 7.6 of the Master Agreement is hereby deleted
in its entirety.

     SECTION 4. Basic Rent. The definition of "Basic Rent" that appears in
Appendix A is hereby amended by adding the following clause at the end thereof:
", plus (C) the Amortization Amount for such Payment Date".

     Appendix A is further amended by adding the following definitions thereto,
in appropriate alphabetical order:

          "Amortization Amount" means, with respect to (1) any Monthly Payment
     Date, (i) $22,500 for each Monthly Payment Date occurring prior to December
     1, 2002 and (ii) $45,000 for each Monthly Payment Date occurring on or
     after December 1, 2002. (2) any Free Cash Mandatory Payment Date, an amount
     equal to 45% of the Free Cash Flow for the fiscal quarter related to such
     Free Cash Mandatory Payment Date, provided, however, that the Lessees shall
     not be required to make a payment pursuant to the foregoing clause (2) to
     the extent that, after giving effect to such payment, (a) the Consolidated
     Fixed Charge Coverage Ratio (as defined in the Fleet Loan Agreement as in
     effect on the date of the

                                       -2-

<PAGE>

     Omnibus Amendment) calculated for the related Calculation Period would be
     less than 1.10 to 1.00 or (b) the Availability, as defined in the Fleet
     Loan Agreement, as in effect on the date of the Omnibus Amendment is less
     than $8,000,000, and (3) for the Reserve Payment Date, the Sylmar Escrow
     Prepayment of $225,000; and provided, further, that once the Amortizing
     Portion of the Funded Amounts has been reduced to zero, the Amortization
     Amount for any Payment Date shall be zero.

          "Amortizing Portion" means, as of any date, the aggregate Funded
     Amounts outstanding on such date, minus the Non-Amortizing Portion
     (provided that such amount shall never be less than zero). The Amortizing
     Portion as of the date of the Omnibus Amendment, and after giving effect to
     the payments contemplated thereby, is $8,220,962.81, and shall not
     increase.

          "Calculation Period" means (i) for the fiscal quarter ending on the
     date closest to May 31, 2002, the fiscal quarter ending on such date, (ii)
     for the fiscal quarter ending on the date closest to August 31, 2002, the
     two consecutive fiscal quarters ending on that date, (iii) for the fiscal
     quarter ending on the date closest to November 30, 2002, the three
     consecutive fiscal quarters ending on that date and (iv) for any fiscal
     quarter ending on a date after November 30, 2002, the four consecutive
     fiscal quarters ending on that date.

          "Free Cash Flow" means, for any fiscal quarter, an amount equal to (A)
     (1) the sum of (i) Consolidated EBITDA (as defined in the Fleet Loan
     Agreement as in effect on the date of the Omnibus Amendment) for such
     quarter, minus (ii) Capital Expenditures paid during such quarter, minus
     (iii) cash tax payments made during such quarter, divided by (2) 1.1, minus
     (B) the Consolidated Fixed Charges (as defined in the Fleet Loan Agreement
     as in effect on the date of the Omnibus Amendment) for such fiscal quarter.

          "Free Cash Mandatory Payment Date" means the earlier of 10 days after
     the delivery by Rowe Companies of its financial statements for any fiscal
     quarter and 55 days (or 100 days in the case of the last fiscal quarter of
     each fiscal year) after the end of each fiscal quarter, commencing with the
     fiscal quarter ending on the date closest to May 31, 2002.

          "Monthly Payment Date" means (i) the first Business Day of each
     calendar month, commencing with June 1, 2002 and (ii ) the date of the
     Omnibus Amendment.

          "Non-Amortizing Portion" means an amount equal to $15,251,660.90,
     which shall not be decreased unless the Funded Amounts are paid in full on
     or after the date due.

                                       -3-

<PAGE>

          "Omnibus Amendment" means that certain Omnibus Amendment, dated as of
     May 15, 2002, among Rowe Furniture, the Guarantors, the Lessor, the Lenders
     and the Agent.

          "Reserve Payment Date" means the earlier of (i) June 15, 2002 and (ii)
     the date all of the funds subject to the Sylmar Escrow are released.

          "Sylmar Escrow" means the escrow of $500,000 of the proceeds of the
     refinancing of the property owned by Rowe Furniture, or any of the
     Guarantors, or any Subsidiary of any of the foregoing, located at 15148
     Bledsoe Street, Sylmar, California, which escrow is to secure the payment
     of certain repairs to the extent such repairs relate to conditions existing
     on the date of the Omnibus Amendment, but excluding an additional escrow
     for roof repairs and skylight repairs in the amount of $215,058.75.

          "Sylmar Escrow Prepayment" means the payment of $225,000 from the
     Sylmar Escrow to be made on the Reserve Payment Date as provided in the
     definition of Amortization Amount.

     SECTION 5. Base Term. The definition of "Base Term" that appears in
Appendix A is hereby amended by deleting the phrase "August 27, 2004" where it
appears in clause (a) thereof and substituting therefor the phrase "the earlier
of (i) December 1, 2003 and (ii) the date of any sale, transfer or other
disposition of The Mitchell Gold Co., whether by stock or asset sale, or of any
division of Rowe Furniture's business (other than mergers or consolidations of
any Subsidiary of Rowe Furniture with another Subsidiary of Rowe Furniture).

     SECTION 6. Remarketing Option. Section 14.6 of the Lease is hereby deleted
in its entirety. Any reference in the Operative Documents to the Remarketing
Option shall be of no force or effect. Rowe Furniture hereby unconditionally
agrees that it shall be obligated to exercise the Purchase Option pursuant to
Section 14.1 of the Lease on the Lease Termination Date. The definition of
"Recourse Deficiency Amount" set forth in Appendix A is hereby deleted in its
entirety.

     SECTION 7. Interest; Yield. Section 2.4(a) of the Loan Agreement is hereby
amended by deleting the text thereof in its entirety and substituting therefor
the following: "Each Lender's pro rata share of the Non-Amortizing Portion of
the Funded Amounts shall bear interest during each Rent Period at a rate equal
to the sum of the Prime Rate, computed using the actual number of days elapsed
in a 360 day year, plus (ii) 1.00% per annum. Each Lender's pro rata share of
the Amortizing Portion of the Funded Amounts shall bear interest during each
Rent Period at a rate equal to the sum of (i) the Prime Rate computed using the
actual number of days elapsed in a 360 day year plus (ii) 3.00% per annum, until
the date upon which the Amortizing Portion has been reduced to $6,323,000 or
less, 2.00% per annum until the date upon which the Amortizing Portion has been
reduced to $4,073,000 or less, and 1.00% per annum thereafter.

                                       -4-

<PAGE>

     The Lessor Side Letter is hereby amended to provide that Yield on the
Lessor's Invested Amount shall be calculated at the same rate as the interest
rate on the Loans (it being understood that the Lessor's Invested Amount shall
be allocated on a pro rata basis to the Amortizing Portion and the
Non-Amortizing Portion).

     Notwithstanding anything to the contrary set forth in the Operative
Documents, LIBOR Advances shall not be available; all of the Funded Amounts
shall be Prime Rate Advances.

     The definition of "Rent Period" that appears in Appendix A is hereby
amended by deleting it in its entirety and substituting therefor the following:

          "Rent Period" means each period from, and including, a Monthly Payment
     Date, to, but excluding, the next succeeding Monthly Payment Date.

     The definition of "Payment Date" that appears in Appendix A is hereby
amended by deleting it in its entirety and substituting therefor the following:

          "Payment Date" means each Monthly Payment Date, each Free Cash
     Mandatory Payment Date and the Reserve Payment Date.

     SECTION 8. Distribution of Rent Payments. Section 3.1(a) of the Loan
Agreement is hereby amended by adding the following sentence at the beginning
thereof: "Each payment of an Amortization Amount with respect to any Leased
Property received by the Agent shall be distributed to the Funding Parties on a
pro rata basis (based on such party's outstanding Funded Amount) to be applied
to reduce such Funding Party's Funded Amount; all payments of Amortization
Amounts shall be applied to reduce the Amortizing Portion." The second sentence
of Section 3.1(a) of the Loan Agreement is hereby amended by adding the phrase
"that does not constitute an Amortization Amount" after the phrase "payment of
Basic Rent" where it appears therein.

     Sections 3.3 and 3.4 of the Loan Agreement are hereby deleted in their
entirety.

     Section 3.5(a) of the Loan Agreement is hereby amended by(i) deleting the
word "Lenders" where it appears in clause second thereof and substituting
therefor the phrase "Funding Parties", (ii) deleting clause third thereof in its
entirety and (iii) changing clause fourth to clause third.

     SECTION 9. Cross Default. Paragraph (e) of Article XII of the Lease is
hereby amended by deleting the text thereof in its entirety, and substituting
therefor the following: "Any Obligor shall default in any payment of principal
of, or interest on, any Indebtedness or in the payment of any Guarantee
Obligation beyond the period of grace (not to exceed 30 days), if any, provided
in the instrument or agreement under which such Indebtedness or Guarantee
Obligation was created, or default in the observance or performance of any other
agreement or condition relating to any such Indebtedness or Guarantee Obligation
or contained in any

                                       -5-

<PAGE>

instrument or agreement evidencing, securing or related thereto, and the effect
of such default is to cause, or to permit the holder of such Indebtedness or
Guarantee Obligation to cause, such Indebtedness to become due or require to be
purchased, redeemed or otherwise defeased prior to its stated maturity;".

     SECTION 10. Construction Agency Agreement. The parties hereto hereby
acknowledge that the construction of all of the Leased Properties has been
completed and that, therefore, the terms and provisions of the Construction
Agency Agreement are no longer in effect.

     SECTION 11. Payment on the Date Hereof. On the date hereof, the Lessee
shall make a payment to the Agent in the amount of $1,527,370.29, plus the
Amortization Amount due on the date hereof, which amount shall be distributed to
the Funding Parties, on a pro rata basis, for application to their Funded
Amounts.

     SECTION 12. Prepayment. Section 2.6 of the Loan Agreement is hereby amended
by deleting the phrase "a Construction Failure Payment" where it appears therein
and substituting therefor the phrase "an Amortization Amount".

     SECTION 13. Reaffirmation of Guaranty. Each Guarantor hereby affirms that
the Guaranty remains in full force and effect, and that such Guaranty continues
to be secured by the collateral pledged in connection therewith, after giving
effect to this Amendment.

     SECTION 14. Subordinated Liens. Notwithstanding anything to the contrary in
the Operative Documents, the Funding Parties hereby consent to the granting by
Lessee of a Lien on its interest in the Leased Properties to secure its
obligations under the Fleet Loan Agreement and the Amended and Restated Credit
Agreement, dated as of May 15, 2002, with Bank of America, N.A., provided that
such Lien is subject and subordinate to the Lease and the other Operative
Documents in a manner, and pursuant to documentation, reasonably satisfactory to
the Agent.

     SECTION 15. Sole Lender. As of the date of this Amendment, SunTrust Bank is
the sole Lender.

     SECTION 16. Miscellaneous. This Amendment shall be governed by, and
construed in accordance with, the laws of the Commonwealth of Virginia. This
Amendment may be executed by the parties hereto in separate counterparts
(including by facsimile) each of which when so executed and delivered shall be
an original, but all such counterparts shall together constitute one and the
same agreement. Each of the Master Agreement, the Lease and the Loan Agreement,
as amended hereby, remains in full force and effect. Any reference to the Master
Agreement, the Lease or the Loan Agreement from and after the date hereof shall
be deemed to refer to the Master Agreement, the Lease or the Loan Agreement, as
the case may be, as amended hereby, unless otherwise expressly stated. Rowe
Furniture shall promptly pay, or shall reimburse the Agent for, all
out-of-pocket costs and expenses incurred by the Agent in connection with this
Amendment, including, without limitation, reasonable legal fees and expenses.

                                       -6-

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective duly authorized officers as of the year first above
written.

                                         ROWE FURNITURE, INC., as Lessee

                                         By: /s/ Garry W. Angle
                                             -----------------------------------
                                         Name Printed: Garry W. Angle
                                         Title: Asst. Secretary

                                         THE ROWE COMPANIES, as a Guarantor

                                         By: /s/ Garry W. Angle
                                             -----------------------------------
                                         Name Printed: Garry W. Angle
                                         Title: Vice President-Treasury ______

                                         THE MITCHELL GOLD CO. as a Guarantor

                                         By: /s/ Garry W. Angle
                                             -----------------------------------
                                         Name Printed: Garry W. Angle
                                         Title: Asst. Secretary

                                         ROWE PROPERTIES, INC., as a Guarantor

                                         By: /s/ Garry W. Angle
                                             -----------------------------------
                                         Name Printed: Garry W. Angle
                                         Title: Asst. Secretary

                                         STOREHOUSE, INC., as a Guarantor

                                         By: /s/ Garry W. Angle
                                             -----------------------------------
                                         Name Printed: Garry W. Angle
                                         Title: Asst. Secretary

                                                               OMNIBUS AMENDMENT

                                      S-l

<PAGE>

                                         HOME ELEMENTS, INC., as a Guarantor

                                         By: /s/ Garry W. Angle
                                             -----------------------------------
                                         Name Printed: Garry W. Angle
                                         Title: Asst. Secretary

                                         ROWE DIVERSIFIED, INC., as a Guarantor

                                         By: /s/ Garry W. Angle
                                             -----------------------------------
                                         Name Printed: Garry W. Angle
                                         Title: Treasurer

                                         ROWE FURNITURE WOOD PRODUCTS, INC.,
                                         as a Guarantor

                                         By: /s/ Garry W. Angle
                                             -----------------------------------
                                         Name Printed: Garry W. Angle
                                         Title: Asst. Secretary

                                         SUNTRUST BANK, as Lender and as Agent

                                         By: /s/ Illegible
                                             -----------------------------------
                                         Name Printed:
                                                       -------------------------
                                         Title:
                                                --------------------------------

                                         ATLANTIC FINANCIAL GROUP, LTD.,
                                         as Lessor

                                         By: Atlantic Financial Managers, Inc.,
                                             its General Partner

                                             By:
                                                 -------------------------------
                                             Name Printed:
                                                           ---------------------
                                             Title:
                                                    ----------------------------

                                                               OMNIBUS AMENDMENT

                                       S-2

<PAGE>

                                         HOME ELEMENTS, INC., as a Guarantor

                                         By:
                                             -----------------------------------
                                         Name Printed:
                                                       -------------------------
                                         Title:
                                                --------------------------------

                                         ROWE DIVERSIFIED, INC., as a Guarantor

                                         By:
                                             -----------------------------------
                                         Name Printed:
                                                       -------------------------
                                         Title:
                                                --------------------------------

                                         ROWE FURNITURE WOOD PRODUCTS, INC.,
                                         as a Guarantor

                                         By:
                                             -----------------------------------
                                         Name Printed:
                                                       -------------------------
                                         Title:
                                                --------------------------------

                                         SUNTRUST BANK, as Lender and as Agent

                                         By:
                                             -----------------------------------
                                         Name Printed:
                                                       -------------------------
                                         Title:
                                                --------------------------------

                                         ATLANTIC FINANCIAL GROUP, LTD.,
                                         as Lessor

                                         By: Atlantic Financial Managers, Inc.,
                                             its General Partner

                                             By: /s/ Stephen S. Brookshire
                                                 -------------------------------
                                             Name Printed: Stephen S. Brookshire
                                             Title: President

                                                               OMNIBUS AMENDMENT

                                       S-2<PAGE>

                                                                   Exhibit 10.16

                            SECOND OMNIBUS AMENDMENT

     This Second Omnibus Amendment, dated as of December 1,2003 (this
"Amendment"), is among ROWE FURNITURE, INC., a Virginia corporation ("Rowe
Furniture"), THE ROWE COMPANIES, a Nevada corporation ("Rowe Companies"), ROWE
PROPERTIES, INC., a California corporation, STOREHOUSE, INC., a Georgia
corporation, ROWE DIVERSIFIED, INC., a Delaware corporation, and ROWE FURNITURE
WOOD PRODUCTS, INC. (formerly known as The Wexford Collection, Inc.), a
California corporation ("Guarantors"). ATLANTIC FINANCIAL GROUP, LTD., a Texas
limited partnership (the "Lessor"), certain financial institutions parties
hereto as a lender (individually, a "Lender" and collectively, the "Lenders")
and SUNTRUST BANK (as successor to Crestar Bank), a Georgia banking corporation,
as agent for the Lenders (in such capacity, the "Agent").

                                   BACKGROUND

     1. Rowe Furniture, the Guarantors, The Mitchell Gold Co. (subsequently
released from its obligations thereunder), the Lessor, the Lenders and the Agent
entered into that certain Master Agreement, dated as of August 27,1999, as
amended by the First Modification to Synthetic Lease Financing Operative
Documents, dated as of October 11, 2000, and by the Omnibus Amendment, dated as
of May 15,2002 (the "Master Agreement").

     2. The parties hereto desire to amend the Master Agreement and certain of
the other Operative Documents.

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

     SECTION 1 Definitions. Capitalized terms used in this Amendment and not
otherwise defined herein shall have the meanings assigned thereto in the Master
Agreement.

     SECTION 2. Covenants From Fleet Loan Agreement. The parties hereto hereby
agree that the covenants and continuing agreements set forth in Sections 9.2.9
and 9.3 of the Fleet Loan Agreement (as hereinafter defined), together with the
defined terms used therein, each as in effect on the date hereof, are hereby
incorporated by reference as if fully set forth herein. In the event that the
Fleet Loan Agreement is amended or terminated after the date hereof, Rowe
Furniture shall promptly notify the Agent thereof in writing, which notice shall
be accompanied by the form of such amendment or of any replacement loan or
credit agreement, as applicable. If requested by the Required Funding Parties,
those portions of the amendment to, or replacement of, the Fleet Loan Agreement
as are designated by the Required Funding Parties shall amend or replace the
covenants incorporated herein by reference. Unless amended or replaced pursuant
to the foregoing sentence, or otherwise with the written agreement of the
Required Funding Parties, the covenants and definitions incorporated herein by
reference shall be those covenants and

                                        1

<PAGE>

definitions as they exist on the date of this Amendment, and shall continue as
such, notwithstanding any subsequent amendment or waiver thereof, or any
subsequent termination of the Fleet Loan Agreement.

     The definition of "Fleet Loan Agreement" set forth in Appendix A to the
Master Agreement is hereby deleted, and the following shall be substituted
therefore, in appropriate alphabetical order:

     "Fleet Loan Agreement" means the Loan and Security Agreement, dated as of
     May 15,2002, among The Rowe Companies, Rowe Diversified, Inc., Rowe
     Furniture Wood Products, Inc., Rowe Properties, Inc., Storehouse, Inc.,
     Rowe Furniture, Inc., The Mitchell Gold Co. (subsequently released from its
     obligations thereunder), the various financial institutions party thereto
     and Fleet Capital Corporation, as Agent, as amended by that certain letter
     amendment dated as of June 17, 2002, the Second Amendment to Loan and
     Security Agreement dated October 10,2002, the Third Amendment to Loan and
     Security Agreement dated February 28,2003, the Fourth Amendment to Loan and
     Security Agreement dated April 2,2003 and the Fifth Amendment to Loan and
     Security Agreement dated as of November30,2003.

     SECTION 3 Amoritization Amount. The definition of "Amoritization Amount"
that appears in Appendix A is hereby amended by deleting it in its entirety, and
substituting therefore the following: "Amortization Amount" means, with respect
to each Monthly Payment Date $72,300.

     The definitions of "Amortizing Portion", "Free Cash Flow", "Free Cash
Mandatory Payment Date", "Non-Amortizing Portion", "Reserve Payment Date",
"Sylmar Escrow" and "Sylmar Escrow Prepayment" set forth in Appendix A are
hereby deleted.

     SECTION 4 Base Term. The definition of "Base Term" that appears in Appendix
A is hereby amended by deleting the text of clause (a) thereof and substituting
therefor the date "December 1,2008".

     SECTION 5 Interest. Yield. Section 2.4(a) of the Loan Agreement is hereby
amended by deleting the text thereof in its entirety and substituting therefor
the following: "Each Loan shall bear interest during each Rent Period at a rate
equal to the sum of (i) the Adjusted LIBOR Rate for such Rent Period, plus (ii)
the Applicable Margin per annum, computed using the actual number of days
elapsed and a 360-day year."

     The Lessor Side Letter is hereby amended to provide that Yield on the
Lessor's Invested Amount shall be calculated at the same rate as the interest
rate on the Loans.

     Notwithstanding anything to the contrary set forth in the Operative
Documents, all of the Funded Amounts shall be LIBOR Advances.

                                        2

<PAGE>

     Each of the definitions of "Applicable Margin", "Monthly Payment Date" and
"Payment Date" that appears in Appendix A is hereby amended by deleting it in
its entirety and substituting therefor the following:

     "Applicable Margin" means with respect to each day for each LIBOR Advance
the applicable percentage set forth below for the corresponding Consolidated
Leverage Ratio (as defined in the Fleet Loan Agreement) as most recently
determined based on Rowe Companies' most recent audited annual or unaudited
quarterly consolidated financial statements, tested each quarter on a rolling
four quarter basis:

     Applicable Margin for LIBOR Advances
-----------------------------------------------
Consolidated Leverage Ratio   Applicable Margin
---------------------------   -----------------
            >3.75                    4.00%
           <=3.75                    3.75%
           <=3.25                    3.50%
           <=2.75                    3.25%
           <=2.25                    3.00%
           <=1.75                    2.75%

Notwithstanding the foregoing, until receipt by the Agent of Rowe Companies'
audited financial statements for the 2003 fiscal year, the Applicable Margin
shall be 4.00%.

     "Monthly Payment Date" means the first Business Day of each calendar month.

     "Payment Date" means each Monthly Payment Date.

     SECTION 6 Default. Article XII of the Lease is hereby amended by (i)
deleting the period after paragraph (m) thereof and substituting therefore
";or" and (ii) adding an additional paragraph thereto as follows: "(n) the Fleet
Loan Agreement is terminated or is not renewed at its scheduled maturity date
(unless such credit facility is refinanced upon substantially the same terms and
conditions with a comparable lender and extended through the conclusion of the
Base Term), or the Borrowers (as defined in the Fleet Loan Agreement) have less
than $3,000,000 in availability under (and as defined in) the Fleet Loan
Agreement."

     SECTION 7 Prepayment. As of December 1,2003, the Lessee shall make a
payment to the Agent in the amount of $1,304,326.90, so that, after giving
effect thereto, the outstanding Funded Amounts shall be equal to $13,000,000.
The Agent shall distribute such payment to the Funding Parties, on a pro rata
basis, for application to their outstanding Funded Amounts.

     SECTION 8 Modification Fee. As of December 1,2003, the Lessee shall pay to
the Agent, for its own account, a modification fee in the amount of $130,000.

                                       3

<PAGE>

     SECTION 9 Document Deliveries. The Lessee shall promptly deliver to the
Agent the following, each of which shall be satisfactory in form and substance
to the Agent: (i) the certificate of the secretary or an assistant secretary of
the Lessee and of the Guarantors certifying to the incumbency of the officers
executing this Amendment and attaching resolutions of each of such Persons
authorizing the execution and delivery hereof and (ii) an opinion of counsel to
the Lessee and the Guarantors.

     SECTTON 10 Reaffirmation of Guaranty. Each Guarantor hereby represents,
warrants and affirms that, after giving effect to this Amendment (i) the
Guaranty remains in full force and effect and guaranties all of the payment and
performance obligations of Rowe Furniture under the Operative Documents, and
(ii) the Guaranty continues to be secured by the collateral pledged in
connection therewith.

     SECTION 11 Representations. The Lessee hereby represents, warrants and
affirms that, after giving effect to this Amendment, (i) no Event of Default or
Potential Event of Default has occurred and is continuing, (ii) the Operative
Documents remain in full force and effect and (iii) the deeds of trust executed
by Rowe Furniture and dated May 15, 2001 with respect to properties in
Christiansburg, Virginia, Salem, Virginia and Butler County, Missouri remain in
full force and effect and secure all of the obligations of the Lessee under the
Operative Documents.

     SECTION 12 Miscellaneous. This Amendment shall be governed by, and
construed in accordance with, the laws of the Commonwealth of Virginia. This
Amendment may be executed by the parties hereto in separate counterparts
(including by facsimile) each of which when so executed and delivered shall be
an original, but all such counterparts shall together constitute one and the
same agreement. Each of the Master Agreement, the Lease and the Loan Agreement,
as amended hereby, remains in full force and effect. Any reference to the Master
Agreement, the Lease or the Loan Agreement from and after the date hereof shall
be deemed to refer to the Master Agreement, the Lease or the Loan Agreement, as
the case may be, as amended hereby, unless otherwise expressly stated. Rowe
Furniture shall promptly pay, or shall reimburse the Agent for, all
out-of-pocket costs and expenses incurred by the Agent in connection with this
Amendment, including, without limitation, reasonable legal fees and expenses,
appraisal costs and environmental assessment fees and expenses.

                                       4

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective duly authorized officers as of the year first above
written.

                                       ROWE FURNITURE, INC., as Lessee

                                       By: /s/ Garry W. Angle
                                           -------------------------------------
                                       Name Printed: Garry W. Angle
                                       Title: Asst. Sec.

                                       THE ROWE COMPANIES, INC., as a Guarantor

                                       By: /s/ Garry W. Angle
                                           -------------------------------------
                                       Name Printed: VP Treasury MGMT
                                       Title: Garry W. Angle

                                       ROWE PROPERTIES, INC., as a Guarantor

                                       By: /s/ Garry W. Angle
                                           -------------------------------------
                                       Name Printed: Garry W. Angle
                                       Title: Asst. Sec.

                                       STOREHOUSE, INC., as a Guarantor

                                       By: /s/ Garry W. Angle
                                           -------------------------------------
                                       Name Printed: Garry W. Angle
                                       Title: Asst. Sec.

                                                        Second Omnibus Amendment

                                       5

<PAGE>

                                       ROWE DIVERSIFIED, INC., as a Guarantor

                                       By: /s/ Garry W. Angle
                                           -------------------------------------
                                       Name Printed: Garry W. Angle
                                       Title: Treasurer

                                       ROWE FURNITURE WOOD PRODUCTS, INC.,
                                       as a Guarantor

                                       By: /s/ Garry W. Angle
                                           -------------------------------------
                                       Name Printed: Garry W. Angle
                                       Title: Asst. Sec.

                                       SUNTRUST BANK, as Lender and as Agent

                                       By: /s/ Illegible
                                           -------------------------------------
                                       Name Printed: Illegible
                                                     ---------------------------
                                       Title: SVP

                                       ATLANTIC FINANCIAL GROUP, LTD., as Lessor

                                       By: Atlantic Financial Managers, Inc.,
                                           its General Partner

                                           By:
                                               ---------------------------------
                                           Name Printed:
                                                         -----------------------
                                           Title:
                                                  ------------------------------

                                                        Second Omnibus Amendment

                                       6

<PAGE>

                                       ROWE DIVERSIFIED, INC., as a Guarantor

                                       By:
                                           -------------------------------------
                                       Name Printed:
                                                     ---------------------------
                                       Title:
                                              ----------------------------------

                                       ROWE FURNITURE WOOD PRODUCTS, INC., as a
                                       Guarantor

                                       By:
                                           -------------------------------------
                                       Name Printed:
                                                     ---------------------------
                                       Title:
                                              ----------------------------------

                                       SUNTRUST BANK, as Lender and as Agent

                                       By:
                                           -------------------------------------
                                       Name Printed:
                                                     ---------------------------
                                       Title:
                                              ----------------------------------

                                       ATLANTIC FINANCIAL GROUP, LTD., as Lessor

                                       By: Atlantic Financial Managers, Inc.,
                                           its General Partner

                                           By: /s/ Stephen S. Brookshire
                                               ---------------------------------
                                           Name Printed: Stephen S. Brookshire
                                           Title: President

                                       6

<PAGE>

                              As of December 1,2003

The Rowe Companies
Rowe Diversified, Inc.
Rowe Furniture Wood Products, Inc.
Rowe Properties, Inc.
Storehouse, Inc.
Rowe Furniture, Inc.
1650 Tysons Boulevard
Suite 710
McLean, Virginia 22102
Attention: Mr. Gerald M. Birnbach

Ladies and Gentlemen:

     Reference is made to the Loan and Security Agreement dated May 15, 2002 (as
amended from time to time, the "Loan Agreement"), among The Rowe Companies, Rowe
Diversified, Inc., Rowe Furniture Wood Products, Inc., Rowe Properties, Inc.,
Storehouse, Inc. and Rowe Furniture, Inc. (Home Elements, Inc. having been
merged with and into Storehouse, Inc. and all of the capital stock of The
Mitchell Gold Co. having been divested by The Rowe Companies) (hereinafter
referred to individually as a "Borrower" and collectively as "Borrowers"), the
various financial institutions party thereto as lenders (collectively,
"Lenders") and Fleet Capital Corporation, a Rhode Island corporation in its
capacity as collateral and administrative agent for the Lenders (together with
its successors in such capacity, "Agent"). Capitalized terms herein, unless
otherwise defined herein, shall have the meanings ascribed to them in the Loan
Agreement.

     Agent and Lenders hereby consent to Borrowers' execution and delivery of
the Second Omnibus Amendment (and performance in accordance therewith) in the
form annexed hereto as Exhibit A and acknowledge and agree that the execution
and delivery thereof by Borrowers shall not constitute a Default or an Event of
Default under the Loan Agreement or other Loan Documents. Agent and Lenders
further acknowledge and agree that the terms of such Second Omnibus Amendment
(which, among other things, provide for the extension of the term of the
SunTrust Lease through December 1,2008 and allow for an accelerated cash payment
of $1,304,326.90 and an increased Amortization Amount (as such term is defined
in the SunTrust Lease) of $72,300) are acceptable to Agent and Lenders for
purposes of Sections 9.2.22 and 11.1.19 of the Loan Agreement.

     By their signatures hereinbelow, each Borrower acknowledges and agrees with
Agent and Lenders as follows:

<PAGE>

The Rowe Companies
Rowe Diversified, Inc.
Rowe Furniture Wood Products, Inc.
Rowe Properties, Inc.
Storehouse, Inc.
Rowe Furniture, Inc.
As of December 1,2003
Page 2

          (i) other than the SunTrust Lease Documents and the SunTrust Swap
     Documents, none of the Existing Lender Loan Documents are in effect as of
     the date hereof;

          (ii) other than that portion of the Existing Lender Obligations owing
     by Borrowers under, and evidenced or secured by, the SunTrust Lease
     Documents and the SunTrust Swap Documents, all of the Existing Lender
     Obligations have been indefeasibly paid in full;

          (iii) Borrowers no longer are required to make any Cash Flow Recapture
     payments;

          (iv) Section 9.2.21 of the Loan Agreement shall be of no further force
     or effect;

          (v) the consent of Agent and Lenders set forth herein is granted to
     each Borrower in this particular instance in light of the facts and
     circumstances that presently exist; and

          (vi) Agent's and Lenders' consent as herein granted shall not
     constitute (a) except as herein provided, a waiver of, or affect or
     diminish in any way, any of Agent's or Lenders' rights under the Loan
     Documents, (b) except as herein provided, an amendment, modification or
     alteration of the Loan Agreement or the other Loan Documents, and (c) a
     course of dealing or a waiver of Agent's or each Lender's right to withhold
     its consent for any similar request in the future.

     Agent and Lenders hereby acknowledge and agree that SunTrust Bank, a
Georgia banking corporation, is an intended third-party beneficiary hereof for
purposes of Sections 4(b) and 21 of the Intercreditor Agreement.

     This letter agreement shall be governed by and construed in accordance with
the internal laws of the State of Georgia. This letter agreement may be executed
in any number of counterparts or by different parties hereto 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 an original
signature hereto. 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 letter agreement.

                                Very truly yours,

                         [Signatures on following page]

<PAGE>

The Rowe Companies
Rowe Diversified, Inc.
Rowe Furniture Wood Products, Inc.
Rowe Properties, Inc.
Storehouse, Inc.
Rowe Furniture, Inc.
As of December 1, 2003
Page 3

                                       FLEET CAPITAL CORPORATION, as Agent

                                       By:
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       FLEET CAPITAL CORPORATION, as a Lender

                                       By:
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       THE CIT GROUP/COMMERCIAL SERVICES, INC.,
                                       as Lender

                                       By:
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       Accepted, acknowledged and agreed to as
                                       of December 1, 2003.

                                       THE ROWE COMPANIES

                                       By: /s/ Illegible
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       ROWE DIVERSIFIED INC.,

                                       By: /s/ Illegible
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                    [Signatures continued on following page]

<PAGE>

The Rowe Companies
Rowe Diversified, Inc.
Rowe Furniture Wood Products, Inc.
Rowe Properties, Inc.
Storehouse, Inc.
Rowe Furniture, Inc.
As of December 1, 2003
Page 4

                                       ROWE FURNITURE WOOD PRODUCTS, INC.

                                       By: /s/ Illegible
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       ROWE PROPERTIES, INC.

                                       By: /s/ Illegible
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       STOREHOUSE, INC.

                                       By: /s/ Illegible
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       ROWE FURNITURE, INC.

                                       By: /s/ Illegible
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

<PAGE>

The Rowe Companies
Rowe Diversified, Inc.
Rowe Furniture Wood Products, Inc.
Rowe Properties, Inc.
Storehouse, Inc.
Rowe Furniture, Inc.
As of December 1, 2003
Page 3

                                       FLEET CAPITAL CORPORATION, as Agent

                                       By: /s/ Illegible
                                           -------------------------------------
                                           Title: Senior Vice President

                                       FLEET CAPITAL CORPORATION, as a Lender

                                       By: /s/ Illegible
                                           -------------------------------------
                                           Title: Senior Vice President

                                       THE CIT GROUP/COMMERCIAL SERVICES, INC.,
                                       as Lender

                                       By:
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       Accepted, acknowledged and agreed to as
                                       of December 1, 2003.

                                       THE ROWE COMPANIES

                                       By:
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       ROWE DIVERSIFIED, INC.

                                       By:
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                    [Signatures continued on following page]

<PAGE>

The Rowe Companies
Rowe Diversified, Inc.
Rowe Furniture Wood Products, Inc.
Rowe Properties, Inc.
Storehouse, Inc.
Rowe Furniture, Inc.
As of December 1, 2003
Page 3

                                       FLEET CAPITAL CORPORATION, as Agent

                                       By:
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       FLEET CAPITAL CORPORATION, as a Lender

                                       By:
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       THE CIT GROUP/COMMERCIAL SERVICES, INC.,
                                       as Lender

                                       By: /s/ Illegible
                                           -------------------------------------
                                           Title: Vice President and
                                                  Senior Counsel

                                       Accepted, acknowledged and agreed to as
                                       of December 1, 2003.

                                       THE ROWE COMPANIES

                                       By:
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                                       ROWE DIVERSIFIED, INC.

                                       By:
                                           -------------------------------------
                                           Title:
                                                  ------------------------------

                    [Signatures continued on following page]

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