<PAGE>





                                                                    Exhibit 10.2

            AGREEMENT FOR THE PURCHASE AND SALE OF PERSONAL GOODWILL

         This AGREEMENT FOR THE PURCHASE AND SALE OF PERSONAL GOODWILL (this
"Agreement") is made as of this 1st day of March, 2005, by and among Teiber
Lighting Products, Inc., a Delaware corporation ("Buyer") and Todd Teiber
("Seller").

                                    RECITALS

         WHEREAS, the Seller owns 1,920 shares of the issued and outstanding
capital stock of Bill Teiber Co., Inc., a Texas corporation (the "Company"); and

         WHEREAS, contemporaneously with this Agreement, Craftmade
International, Inc., a Delaware corporation ("Craftmade"), Buyer, the Company,
Seller and Edward Oberstein ("Oberstein") are simultaneously entering into that
certain Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which
the Company will be merged with and into the Buyer (the "Merger"), with the
Buyer being the surviving corporation; and

         WHEREAS, pursuant to the Merger Agreement, Craftmade is acquiring from
Seller and Oberstein all of the issued and outstanding capital stock of the
Company; and

         WHEREAS, the Seller has independently developed, owned and will
continue to own on the Closing Date (as defined in Section 2) close personal and
ongoing business relationships, trade secrets and knowledge in connection with
the Company's light bulb and complimentary lighting products business, through
the personal ability, personality, reputation, skill and integrity of Seller,
and other information relating thereto (collectively, the "Personal Goodwill"),
which the Seller desires to sell to the Buyer as hereinafter provided; and

         WHEREAS, Seller is not subject to an employment agreement,
noncompetition agreement, or similar restrictive covenant agreement relating to
the Personal Goodwill; and

         WHEREAS, the Buyer desires to acquire all of the Personal Goodwill, as
hereinafter provided.

         NOW, THEREFORE, in consideration of the foregoing and of the mutual
promises and covenants contained herein, and other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties agree as
follows:

         1. Purchase Price and Exchange of Consideration. The Seller shall sell,
assign, transfer, convey and deliver to the Buyer at the Closing the Personal
Goodwill including, but not limited to, all of the Seller's respective rights
and benefits related to the Personal Goodwill. In exchange for the Personal
Goodwill and subject to the terms and conditions of this Agreement, the Buyer
shall pay to the Seller on the Closing Date the total sum of Three Million and
00/100 Dollars ($3,000,000.00) for all of the Personal Goodwill (the "Purchase
Price"). The payment required by this Section 1 shall not be affected by the
death or disability of Seller.



<PAGE>


         2. Closing/Termination. The sale and assignment of the Personal
Goodwill (the "Closing") shall take place at the offices of Haynes and Boone,
LLP, at 201 Main Street, Suite 2200, Fort Worth, Texas, at 10:00 a.m. (local
time) on March 1, 2005, or at such other time and date as the Buyer and the
Seller may agree (the "Closing Date").

         3. Representations and Warranties. The Seller represents and warrants
to the Buyer as follows:

                  3.1 Personal Goodwill. All of the Personal Goodwill is owned,
         and immediately prior to the Closing will be owned, by the Seller, free
         and clear of all liens, encumbrances, claims, options, security
         interests, calls and commitments of any kind. The Seller has full legal
         right, power and authority to enter into this Agreement and to sell,
         assign and transfer the Personal Goodwill to the Buyer and, on the
         Closing Date, the sale and assignment of the Personal Goodwill to the
         Buyer hereunder will transfer to the Buyer valid title thereto, free
         and clear of all liens, encumbrances, claims, options, security
         interests and commitments of any kind.

                  3.2 No Restrictions. Seller is not currently a party to any
         contract, employment agreement, noncompetition agreement or any other
         contract or agreement, or subject to any restriction or condition
         contained in any permit, license, judgment, order, writ, injunction,
         decree or award which, singly or in the aggregate, materially and
         adversely affects or restricts, or is likely to materially and
         adversely affect or restrict the Personal Goodwill or the Buyer's
         acquisition, use or enjoyment thereof.

                  3.3 Approval and Authorization. The execution and delivery of
         this Agreement by Seller and the performance of the transactions
         contemplated herein have been duly and validly authorized by Seller,
         and this Agreement is a legal, valid and binding obligation of Seller,
         enforceable against Seller in accordance with its respective terms
         subject to bankruptcy, insolvency, reorganization, moratorium and
         similar laws of general application relating to or affecting creditor's
         rights and general equity principles.

                  3.4 Economic Benefits. To the best of Seller's knowledge,
         Seller is not aware of any present facts or any pending events, which
         would prevent the Buyer from realizing the economic benefits associated
         with the Personal Goodwill in the same manner as presently enjoyed by
         the Seller.

                  3.5 No Conflicts. The execution and delivery of this Agreement
         by Seller does not, and the consummation by Seller of the transactions
         contemplated hereby does not and will not, violate or conflict with, or
         result (with the giving of notice or the lapse of time or both) in the
         violation of, or constitute a default under any provision of, or result
         in the acceleration or termination of, or entitle any party to
         accelerate or terminate (whether after giving of notice or lapse of
         time or both), any obligation or benefit under, or result in the
         creation or imposition of any lien, pledge, security interest or other
         encumbrance upon the Personal Goodwill pursuant to any material
         contract, law, ordinance, regulation, order,



<PAGE>


         arbitration award, judgment or decree to which the Seller is a party,
         or by which Seller or his assets (including the Personal Goodwill) are
         bound and to Seller's knowledge, does not and will not violate or
         conflict with any other material restriction of any kind or character
         to which the Seller is subject or by which any of Seller's assets
         (including the Personal Goodwill) may be bound.

         4. Representations and Covenants of Buyer. The Buyer represents and
warrants as follows:

                  4.1 Existence and Good Standing. The Buyer has been duly
         organized and validly exists in good standing as a corporation under
         the laws of the State of Delaware.

                  4.2 No Default. The execution of this Agreement by the Buyer
         and the performance of its obligations hereunder will not violate or
         result in a breach of, or constitute a default under any material
         agreement to which the Buyer is a party or by which it or its assets
         are bound.

                  4.3 Approval and Authorization. The execution and delivery of
         this Agreement and the performance of the transactions contemplated
         herein have been duly and validly authorized by all necessary action on
         the part of the Buyer and is a legal, valid and binding obligation of
         the Buyer, enforceable against the Buyer in accordance with its terms
         subject to bankruptcy, insolvency, reorganization, moratorium and
         similar laws of general application relating to, or affecting
         creditor's rights and general equity principles.

         5. Additional Agreements and Covenants: The Buyer and Seller covenant
as follows:

                  5.1 Preservation and Maintenance of Personal Goodwill. The
         Seller shall cooperate with the Buyer after the Closing Date in
         connection with all reasonable actions deemed necessary by the Buyer to
         transition the economic value of the Personal Goodwill to the Buyer.

                  5.2 Breaches of Representation and Warranties by Seller. Any
         Breach (as defined in the Merger Agreement) of a representation,
         warranty, covenant, obligation or other provision of this Agreement by
         the Seller shall be subject to the indemnification and escrow
         provisions of Sections 11.2 and 11.8 of the Merger Agreement,
         respectively.

                   5.3 Breaches of Representation and Warranties by Buyer. Any
         Breach (as defined in the Merger Agreement) of a representation,
         warranty, covenant, obligation or other provision of this Agreement by
         the Buyer shall be subject to the indemnification provisions of Section
         11.7 of the Merger Agreement.

         6. Survival. The representations, warranties and covenants of the
parties contained in this Agreement shall survive the Closing Date for two (2)
years thereafter.



<PAGE>


         7. General.

                  7.1 Further Assurances. The Seller will cooperate with the
         Buyer on and after the Closing Date in furnishing information and other
         assistance in connection with any actions, proceedings, arrangements or
         disputes of any nature with respect to matters pertaining to all
         periods prior to the Closing Date and will take, or cause to be taken
         such further action, and will execute, deliver and file such further
         documents and instruments as the Buyer reasonably requests in order to
         effectuate fully the purposes, terms and conditions of this Agreement.

                  7.2 Assignment: Binding Effect. This Agreement and the rights
         of the Buyer hereunder may be assigned by the Buyer. This Agreement and
         the rights of the Seller hereunder may not be assigned by Seller. This
         Agreement shall be binding upon and shall inure to the benefit of the
         parties hereto, the successors and assigns of the Buyer and the heirs,
         beneficiaries and legal representatives of the Seller.

                  7.3 Execution. This Agreement may be executed simultaneously
         in two or more counterparts, each of which shall be deemed an original
         and all of which together shall constitute but one and the same
         instrument. Execution and delivery of this Agreement by delivery of a
         facsimile copy bearing the facsimile signature of a party shall
         constitute a valid and binding execution and delivery of this Agreement
         by such party. Such facsimile copies shall constitute enforceable
         original documents.

                  7.4 Brokers. Each party represents and warrants that it
         employed no broker or agent in connection with this transaction and
         shall indemnify the other against all loss, cost, damage or expense
         arising out of claims for fees or commissions of brokers or agents
         employed or alleged to have been employed by such indemnifying party.

                  7.5 Notices. Any notice or communication required or permitted
         hereunder shall be sufficiently given if sent by facsimile, or first
         class mail, postage prepaid to:

                  (a)      Buyer:

                           Teiber Lighting Products, Inc.
                           650 South Royal Lane
                           Suite 100
                           P.O. Box #1037
                           Coppell, Texas 75019-1037
                           Attention: Brad D. Heimann
                           Facsimile No.: (972) 304-3754



<PAGE>


                           with a copy to:

                           Brian D. Barnard
                           Haynes and Boone, LLP
                           201 Main Street
                           Suite 2200
                           Fort Worth, Texas 76102
                           Facsimile No.: (817) 347-6650


                  (b)      Seller:

                           Todd Teiber
                           2055 Luna Road, Suite 156
                           Carrollton, TX 75006
                           Facsimile No.: (972) 484-9006

                           with a copy to:

                           David W. Hammer
                           4419 Landpiper Court
                           Dallas, TX 75287
                           Facsimile No.: (972) 250-6926

                  7.6 Applicable Law. This Agreement will be governed by the
         laws of the State of Delaware without regard to conflicts of laws
         principles.

                  7.7 Captions. The captions in this Agreement are for
         convenience only and shall not be considered a part hereof, or affect
         the construction or interpretation of any provisions of this Agreement.

                  7.8 Entire Agreement. This Agreement shall constitute the
         entire agreement and understanding between the Seller and the Buyer and
         supersedes any prior agreement and understanding, written or oral,
         relating to the subject matter of this Agreement. The Seller
         acknowledges that he has (a) had the opportunity to seek the advice of
         independent counsel, including independent tax counsel, regarding the
         consequences of this Agreement; and (b) received no representations
         from the Buyer or its counsel regarding the tax consequences of this
         Agreement. This Agreement may be modified or amended only by a written
         instrument executed by the parties hereto.


                                      *****



<PAGE>


         IN WITNESS WHEREOF, the parties have entered into this Agreement as of
the day and year first above written.

SELLER:


  /s/ Todd Teiber
-----------------------------------------------------
Todd Teiber, individually


BUYER:


TEIBER LIGHTING PRODUCTS, INC.,
a Delaware corporation


By:      /s/ James R. Ridings
   --------------------------------------------------
Name: James R. Ridings
Title: President