Exhibit 10.2


                                   CULP, INC.

                                OPTION AGREEMENT

      Notice is hereby given of the  following  option  grant (the  "Option") to
purchase shares of Common Stock of Culp, Inc. (the "Company") to the undersigned
individual.  Capitalized  terms used but not otherwise defined herein shall have
the same meanings given them in the Culp,  Inc. 2007 Equity  Incentive Plan (the
"Plan"). The terms of the Option are as follows:

      Optionee:
      --------

      Option Grant Date:
      -----------------

      Exercise Price:  $(   )
      --------------

      Number of Option Shares:
      -----------------------

      Option Expiration Date:
      ----------------------

      Type of Option:
      --------------

      Option  Subject to Plan.
      -----------------------
                                The Optionee  acknowledges  and agrees that this
Option  is  subject  to  the  terms  and  conditions  of  the  Plan,  which  are
incorporated  herein by reference.  The Optionee hereby  acknowledges that he or
she has previously been provided with a copy of the Plan.

      Exercise  of  Option.
      --------------------
                             This  Option  must  be  exercised  by  signing  and
delivering  to the  Company  an  Option  Exercise  Form,  a copy of which may be
obtained  from the  Company.  During the lifetime of the  Optionee,  this Option
shall be  exercisable  only by the  Optionee  and  shall  not be  assignable  or
transferable  other  than by will or by the  laws of  descent  and  distribution
following the Optionee's death.

      TRANSFER  RESTRICTIONS.
      ----------------------
                                 THE  OPTIONEE  HEREBY  ACKNOWLEDGES  AND AGREES
THAT THIS OPTION IS SUBJECT TO CERTAIN TRANSFER RESTRICTIONS  SPECIFIED IN THE
PLAN.

      No Employment or Service  Contract.
      ----------------------------------
                                           Nothing in this Notice or in the Plan
shall  confer upon the  Optionee any right to continue in Service for any period
of specific  duration or  interfere  with or  otherwise  restrict in any way the
rights of the Company (or any Parent or  Subsidiary  employing or retaining  the
Optionee) or of the Optionee to terminate the Optionee's Service at any time for
any reason, with or without cause.


                                   CULP, INC.

                                    By:
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                                    OPTIONEE

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