THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Unifi, Inc. (UFI)

9/26/2005 Proxy Information

Mr. Langone is a Director, stockholder, and Chairman of the Board of Salem National Corporation. In fiscal year 2005, the Company paid Salem Leasing Corporation, a wholly owned subsidiary of Salem National Corporation, $3,402,008 on leases of tractors and trailers, and for services thereto. The terms of the CompanyŐs leases with Salem Leasing Corporation are, in ManagementŐs opinion, no less favorable than the Company would have been able to negotiate with an independent third party for similar equipment and services.

Mr. OrrŐs son, Donald Fraser Orr, Jr., is the General Manager of the CompanyŐs Polyester Business Unit, and earned an aggregate salary and bonus of approximately $202,599 for his services during fiscal 2005. Donald Fraser Orr, Jr. is not considered an executive officer of the Company.

9/20/2004 Proxy Information

Mr. Langone is a Director, stockholder, and Chairman of the Board of Salem National Corporation. In fiscal year 2004, the Company paid Salem Leasing Corporation, a wholly owned subsidiary of Salem National Corporation, $3,112,804 on leases of tractors and trailers, and for services thereto. The terms of the CompanyŐs leases with Salem Leasing Corporation are, in ManagementŐs opinion, no less favorable than the Company would have been able to negotiate with an independent third party for similar equipment and services.

Mr. OrrŐs son, Donald Fraser Orr, Jr., is the General Manager of the CompanyŐs Polyester Business Unit, and earned an aggregate salary and bonus of approximately $157,000 for his services during fiscal 2004 (the bonus portion of his compensation was based upon certain predetermined performance criteria for the Polyester Business Unit). Donald Fraser Orr, Jr. is not an executive officer of the Company.

10/22/2003 Proxy Information

Mr. Langone is a Director, stockholder, and Chairman of the Executive Committee of Salem National Corporation. In fiscal year 2003, the Company paid Salem Leasing Corporation, a wholly owned subsidiary of Salem National Corporation, $3,588,373 on leases of tractors and trailers, and for services thereto. The terms of the CompanyŐs leases with Salem Leasing Corporation are, in ManagementŐs opinion, no less favorable than the Company would have been able to negotiate with an independent third party for similar equipment and services.

Mr. OrrŐs son, Donald Fraser Orr, Jr., is the General Manager of the CompanyŐs Polyester Business Unit, and earned an aggregate salary and bonus of approximately $253,000 for his services during fiscal 2003 (the bonus portion of his compensation was based upon certain predetermined performance criteria for the Polyester Business Unit).

Mr. Langone is Chairman of the Board of Directors, principal Shareholder, President and Chief Executive Officer of Invemed Associates, Inc., an investment firm. During fiscal year 2003, such firm performed certain advisory services for the Company. The fees of $30,000 paid to Invemed Associates, Inc. during the fiscal year ended in 2003 were, in the opinion of Management, fair and reasonable and as favorable to the Company as could have been obtained from unrelated third parties.

On December 31, 2000, the Company made loans to Mr. Webster in the amount of $39,150, Mr. Delaney in the amount of $25,653, Mr. Moore in the amount of $41,851, Mr. Little in the amount of $34,291, Mr. Caudle in the amount of $13,502 and Mr. Smith in the amount of $2,971 in connection with the payment of income taxes relating to stock awards granted to them under the 1999 Plan. These loans bear interest at a rate of 5.87% per annum and are evidenced by Promissory Notes that are payable as follows: (a) interest only on December 31, 2001, December 31, 2002, December 31, 2003 and December 31, 2004; and (b) the principal of said loan plus all accrued interest on December 31, 2005.

Effective January 1, 2000, the Company made a loan to Mr. Delaney in the amount of $27,352 in connection with the payment of income taxes relating to a stock award granted to him under the 1999 Plan. This loan bears interest at a rate of 6.20% per annum and is evidenced by a Promissory Note that is payable as follows: (a) interest only on December 30, 2000, December 30, 2001, December 30, 2002 and December 30, 2003; and (b) the principal of said loan plus all accrued interest on December 30, 2004.

On December 16, 1999, the Company made a loan to Mr. Caudle in the amount of $17,620 in connection with the payment of income taxes relating to a stock award granted to him under the 1999 Plan. This loan bears interest at a rate of 6.08% per annum and is evidenced by a Promissory Note that is payable as follows: (a) interest only on December 30, 2000, December 30, 2001, December 30, 2002 and December 30, 2003; and (b) the principal of said loan plus all accrued interest on December 30, 2004.

On October 21, 1999, the Company made loans to Mr. Parke in the amount of $37,758, to Mr. Webster, Mr. Moore and Mr. Little in the amount of $25,172, and to Mr. Caudle and Mr. Smith in the amount of $7,552 in connection with the payment of income taxes relating to stock awards granted to them under the 1999 Plan. These loans bear interest at a rate of 6.08% per annum and are evidenced by Promissory Notes that are payable as follows: (a) interest only on December 30, 2000, December 30, 2001, December 30, 2002 and December 30, 2003; and (b) the principal of said loan plus all accrued interest on December 30, 2004.

The Company made a personal loan on October 22, 1999 to Mr. Little in the amount of $75,000. The loan was evidenced by a Promissory Note in the principal amount of $75,000 with interest at the rate of 6.5% per annum and was secured by the pledge of 5,000 shares of the CompanyŐs common stock. The loan was payable as follows: (a) interest only on October 22, 2000, October 22, 2001 and October 22, 2002; and (b) the principal and interest of said loan payable in thirty-six (36) monthly installments of $2,298.68 each beginning on November 22, 2002.

Each of the above referenced loans to Mr. Webster and Mr. Little were satisfied in full effective on April 30, 2003, pursuant to the terms of their respective Severance Agreements with the Company, as more fully described under the Employment and Termination Agreements section of this Proxy Statement.