Document:

<PAGE>

                    NATIONAL FINANCIAL COMMUNICATIONS CORP.
                              CONSULTING AGREEMENT

      AGREEMENT made as of the 24th day of July, 2006 by and Ingen Technologies,
Inc.., maintaining its principal offices at 285 E. County Line Rd, Calimesa, CA
92320, (hereinafter referred to as "Client") and National Financial
Communications Corp. DBA/ OTC Financial Network, a Commonwealth of Massachusetts
corporation maintaining its principal offices at 300 Chestnut St, Suite 200,
Needham, MA 02492 (hereinafter referred to as the "Company").

                              W I T N E S S E T H :

      WHEREAS, Company is engaged in the business of providing and rendering
public relations and communications services and has knowledge, expertise and
personnel to render the requisite services to Client; and

      WHEREAS, Client is desirous of retaining Company for the purpose of
obtaining public relations and corporate communications services so as to
better, more fully and more effectively deal and communicate with its
shareholders and the investment banking community.

      NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements contained herein, it is agreed as follows:

            I.    Engagement of Company. Client herewith engages Company and
Company agrees to render to Client public relations, communications, advisory
and consulting services.

            A.    The consulting services to be provided by the Company shall
include, but are not limited to, the development, implementation and maintenance
of an ongoing program to increase the investment community's awareness of
Client's activities and to stimulate the investment community's interest in
Client. Client acknowledges that Company's ability to relate information
regarding Client's activities is directly related to the information provided by
Client to the Company.

            B.    Client acknowledges that Company will devote such time as is
reasonably necessary to perform the services for Client, having due regard for
Company's commitments and obligations to other businesses for which it performs
consulting services.

            II.   Compensation and Expense Reimbursement.

            A.    Client will pay the Company, as compensation for the services
provided for in this Agreement and as reimbursement for expenses incurred by
Company on Client's behalf, in the manner set forth in Schedule A annexed to
this Agreement which Schedule is incorporated herein by reference.

<PAGE>

            B.    In addition to the compensation and expense reimbursement
referred to in Section 2(A) above, Company shall be entitled to receive from
Client a "Transaction Fee", as a result of any Transaction (as described below)
between Client and any other company, entity, person, group or persons or other
party which is introduced to, or put in contact with, Client by Company, or by
which Client has been introduced to, or has been put in contact with, by
Company. A "Transaction" shall mean merger, sale of stock, sale of assets,
consolidation or other similar transaction or series or combination of
transactions whereby Client or such other party transfer to the other, or both
transfer to a third entity or person, stock, assets, or any interest in its
business in exchange for stock, assets, securities, cash or other valuable
property or rights, or wherein they make a contribution of capital or services
to a joint venture, commonly owned enterprise or business opportunity with the
other for purposes of future business operations and opportunities. To be a
Transaction covered by this section, the transaction must occur during the term
of this Agreement or the one year period following the expiration of this
Agreement.

            The calculation of a Transaction Fee shall be based upon the total
value of the consideration, securities, property, business, assets or other
value given, paid, transferred or contributed by, or to, the Client and shall
equal 10% of the dollar value of the Transaction. Such fee shall be paid by
certified funds at the closing of the Transaction.

            Term and Termination. This Agreement shall be for a period of one
year commencing July 24, 2006 and terminating July 23, 2007. If the Client does
not cancel the contract during the term, the contract will be automatically
extended for an additional three months. Either party hereto shall have the
right to terminate this Agreement upon 15 days prior written notice to the other
party after the first 90 days.

            Treatment of Confidential Information. Company shall not disclose,
without the consent of Client, any financial and business information concerning
the business, affairs, plans and programs of Client which are delivered by
Client to Company in connection with Company's services hereunder, provided such
information is plainly and prominently marked in writing by Client as being
confidential (the "Confidential Information"). The Company will not be bound by
the foregoing limitation in the event (i) the Confidential Information is
otherwise disseminated and becomes public information or (ii) the Company is
required to disclose the Confidential Informational pursuant to a subpoena or
other judicial order.

            Representation by Company of other clients. Client acknowledges and
consents to Company rendering public relations, consulting and/or communications
services to other clients of the Company engaged in the same or similar business
as that of Client.

<PAGE>

            Indemnification by Client as to Information Provided to Company.
Client acknowledges that Company, in the performance of its duties, will be
required to rely upon the accuracy and completeness of information supplied to
it by Client's officers, directors, agents and/or employees. Client agrees to
indemnify, hold harmless and defend Company, its officers, agents and/or
employees from any proceeding or suit which arises out of or is due to the
inaccuracy or incompleteness of any material or information supplied by Client
to Company.

            Independent Contractor. It is expressly agreed that Company is
acting as an independent contractor in performing its services hereunder. Client
shall carry no workers compensation insurance or any health or accident
insurance on Company or consultant's employees. Client shall not pay any
contributions to social security, unemployment insurance, Federal or state
withholding taxes nor provide any other contributions or benefits which might be
customary in an employer-employee relationship.

            Non-Assignment. This Agreement shall not be assigned by either party
without the written consent of the other party.

            Notices. Any notice to be given by either party to the other
hereunder shall be sufficient if in writing and sent by registered or certified
mail, return receipt requested, addressed to such party at the address specified
on the first page of this Agreement or such other address as either party may
have given to the other in writing.

            Entire Agreement. The within agreement contains the entire agreement
and understanding between the parties and supersedes all prior negotiations,
agreements and discussions concerning the subject matter hereof.

            Modification and Waiver. This Agreement may not be altered or
modified except by writing signed by each of the respective parties hereof. No
breach or violation of this Agreement shall be waived except in writing executed
by the party granting such waiver.

            Law to Govern; Forum for Disputes. This Agreement shall be governed
by the laws of the Commonwealth of Massachusetts without giving effect to the
principle of conflict of laws. Each party acknowledges to the other that courts
within the City of Boston, Massachusetts shall be the sole and exclusive forum
to adjudicate any disputes arising under this agreement. In the event of
deliquent fees owed to the Company, Client will be responsible for pay for all
fees associated with the collection of these fees.

<PAGE>

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

National Financial Communications Corp.

By:
     -------------------------------               -----------------------------
     Geoffrey Eiten, President                          Date

Ingen Technologies, Inc.

By:
     -------------------------------               -----------------------------
     Scott Sand, CEO                                    Date

SCHEDULE A-1    PAYMENT FOR SERVICES AND REIMBURSEMENT OF EXPENSES.

SCHEDULE A-2    GRANT OF OPTIONS TO NATIONAL FINANCIAL COMMUNICATIONS CORP. IN
ADVANCE OF SERVICES RENDERED

<PAGE>

SCHEDULE A-1

PAYMENT FOR SERVICES
AND REIMBURSEMENT OF EXPENSES

      A.    For the services to be rendered and performed by Company during the
term of the Agreement, Client shall pay to Company the sum of $5,000 per month.

      If the Client decides to pay for the entire base fee with 100% shares vs.
cash, the Client must also issue three months worth of base fees at the signing
of this agreement in those shares. The amount of shares will be determined by
the bid price at the date of this contract. The Company will keep an accounting
of the sales of stock and deduct those net proceeds from the base fee per month
owed. If those net proceeds exceed the monthly fee, the excess amount will be
credited to the next month's monthly fee. If there are not enough dollars to
cover the monthly fee, the Client will either pay additional shares or cover the
deficit or the Client will pay the deficit in cash for that particular month.

      B.    Client shall also reimburse Company for all reasonable and necessary
out-of-pocket expenses incurred in the performance of its duties for Client upon
presentation of statements setting forth in reasonable detail the amount of such
expenses. Company shall not incur any expense for any single item in excess of
$250 either verbally or written except upon the prior approval of the Client.
Company agrees that any travel, entertainment or other expense which it may
incur and which may be referable to more than one of its clients (including
Client) will be prorated among the clients for whom such expense has been
incurred. Shares will be accepted for payment of expenses in the same manner as
the base fee per month in Paragraph A above.

National Financial Communications Corp.

By:
     -------------------------------               -----------------------------
     Geoffrey Eiten, President                          Date

Ingen Technologies, Inc.

By:
     -------------------------------               -----------------------------
     Scott Sand, CEO                                    Date

<PAGE>

SCHEDULE A-2

GRANT OF OPTIONS TO NATIONAL FINANCIAL COMMUNICATIONS CORP. IN ADVANCE OF
SERVICES RENDERED

      A.    Grant of Options and Option Exercise Price. As compensation for the
services to be rendered by Company hereunder, Client herewith issues and grants
to Company stock options (the "Options") to purchase an aggregate of 5,000,000
shares of Client's Common Stock at an exercise price of $.20 per share. The
Options are exercisable upon and subject to the terms and conditions contained
herein. The Options are exercisable during the period commencing on the date
hereof and ending three years subsequent to the termination date of this
Agreement. These restricted shares will be issued to the Company upon the
signing of this Agreement and held by the Client until payment is made.

      B.    Manner of Exercise. Exercise of any of the Options by Company shall
be by written notice to Client accompanied by Company's certified or bank check
for the purchase price of the shares being purchased. Upon receipt of such
notice and payment, Client shall promptly cause to be issued, without transfer
or issue tax to the option holder or other person entitled to exercise the
option, the number of shares for which the Option has been exercised, registered
in the name of Company. Such shares, when issued, shall be fully paid and
non-assessable.

      C.    Option Shares. Company acknowledges that any shares which it may
acquire from Client pursuant to the exercise of the Options provided for herein
will not have been registered pursuant to the Securities Act of 1933, as amended
(the "Securities Act"), and therefore may not be sold or transferred by Company
except in the event that such shares are the subject of a registration statement
or any future sale or transfer is, in the opinion of counsel for Client, exempt
from such registration provisions. Company acknowledges that any shares which it
may acquire pursuant to the exercise of the Options will be for its own account
and for investment purposes only and not with a view to the resale or
redistribution of same. Company further consents that the following legend be
placed upon all certificates for shares of Common Stock which may be issued to
Company upon the exercise of the Options:

"THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") AND MAY NOT BE SOLD OR OTHERWISE
TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT
OR AN OPINION OF COUNSEL SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION
IS NOT REQUIRED."

<PAGE>

Company further consents that no stop transfer instructions being placed against
all certificates may not be issued to it upon the exercise of the Options.

            (i)   If the Client executes a Registration during the term of the
contract, then the Company's shares will be added to this Registration at no
cost to the Company. The Client shall bear all costs and expenses attributable
to such registration, excluding fees and expenses of Company's counsel and any
underwriting or selling commission. Client shall maintain the effectiveness of
such registration throughout the term of this Agreement and for a 120 day period
thereafter.

            (ii)  Notwithstanding the foregoing, if the Shares issuable upon
exercise of the Options are not otherwise registered under the Securities Act
and the Client shall at any time after the date hereof propose to file a
registration statement under the Securities Act, which registration statement
shall include shares of Common Stock of Client or any selling shareholder,
Client shall give written notice to Company of such proposed registration and
will permit Company to include in such registration all Shares which it has
acquired as of the date of such notice. The Client shall bear all costs and
expenses attributable to such registration, excluding fees and expenses of
Company's counsel and any underwriting or selling commission.

D.    Adjustments in Option Shares.

            (i)   In the event that Client shall at any time sub-divide its
outstanding shares of Common Stock into a greater number of shares, the Option
purchase price in effect prior to such sub-division shall be proportionately
reduced and the number of shares of Common Stock purchasable shall be
proportionately increased. In case the outstanding shares of Common Stock of
Client shall be combined into a smaller number of shares, the Option purchase
price in effect immediately prior to such combination shall be proportionately
increased and the number of shares of Common Stock purchasable shall be
proportionately reduced.

            (ii)  In case of any reclassification or change of outstanding
shares of Common Stock issuable upon exercise of this Option (other than change
in par value, or from par value to no par value, or from no par value to par
value, or as a result or a subdivision or combination), or in case of any
consolidation or merger of the Client with or into another corporation (other
than a merger in which the Client is the continuing corporation and which does
not result in any reclassification or change of outstanding shares of Common
Stock, other than a change in number of the shares issuable upon exercise of the
Option) or in case of any sale or conveyance to another corporation of the
property of the Client as an entirety or substantially as an entirety, the
Holder of this Option shall have the right thereafter to exercise this Option
into the kind and amount of shares of stock and other securities and property
receivable upon such reclassification, change, consolidation, merger, sale or
conveyance by a holder of the number of shares of Common Stock of the Client for
which the Option might have been exercised immediately prior to such
reclassification, change, consolidation, merger, sale or conveyance. The above
provisions shall similarly apply to successive reclassifications and changes of
shares of Common Stock and to successive consolidations, mergers, sales or
conveyances.

<PAGE>

            (iii) The Company reserves the right to assign these options to a
third party at its own discretion.

National Financial Communications Corp.

By:
     -------------------------------               -----------------------------
     Geoffrey Eiten, President                          Date

Ingen Technologies, Inc.

By:
     -------------------------------               -----------------------------
     Scott Sand, CEO                                    DateQuickLinks
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Exhibit 10.2    
    

 
 

[Execution Copy]    
    

 
 

STOCK PURCHASE AGREEMENT    
    
    BY AND AMONG    
    
    PFI HOLDINGS CORP.    
    
    AND    
    
    EACH OF THE PURCHASERS NAMED HEREIN    
    
    DATED AS OF NOVEMBER 3, 2003

    

 
 
 

TABLE OF CONTENTS    
    

	Section 1.	 	Authorization and Closing	 	1
	1A.	 	Authorization of the Preferred Stock and Common Stock	 	1
	1B.	 	Purchase and Sale of the Preferred Stock and Common Stock	 	1
	1C.	 	The Closing	 	1
	

Section 2.	
 	

Conditions of Each Purchaser's Obligation at the Closing	
 	

2
	2A.	 	Representations and Warranties; Covenants	 	2
	2B.	 	Certificate of Incorporation	 	2
	2C.	 	Stockholders Agreement	 	2
	2D.	 	Registration Agreement	 	2
	2E.	 	Stock Option Plan	 	2
	2F.	 	Employment Agreements	 	2
	2G.	 	Executive Stock Agreements	 	2
	2H.	 	Nonsolicitation and Confidentiality Agreements	 	2
	2I.	 	Director Indemnification Agreements	 	2
	2J.	 	Intentionally Omitted	 	3
	2K.	 	Sale of the Preferred Stock and Common Stock to Each Purchaser	 	3
	2L.	 	Acquisition Agreement	 	3
	2M.	 	Bank Agreement	 	3
	2N.	 	Litigation	 	3
	2O.	 	Filings	 	3
	2P.	 	Governmental Consents and Approvals	 	3
	2Q.	 	Waiver	 	3
	

Section 3.	
 	

Representations and Warranties of the Company	
 	

3
	3A.	 	Organization, Corporate Power and Licenses	 	3
	3B.	 	Capital Stock and Related Matters	 	3
	3C.	 	Subsidiaries; Investments	 	4
	3D.	 	Authorization; No Breach	 	4
	3E.	 	Conduct of Business; Liabilities	 	5
	

Section 4.	
 	

Definitions	
 	

5
	4A.	 	Definitions	 	5
	

Section 5.	
 	

Miscellaneous	
 	

6
	5A.	 	Expenses	 	6
	5B.	 	Remedies	 	6
	5C.	 	Purchaser's Investment Representations	 	6
	5D.	 	Consent to Amendments	 	7
	5E.	 	Survival of Representations and Warranties	 	7
	5F.	 	Successors and Assigns	 	8
	5G.	 	Severability	 	8
	5H.	 	Entire Agreement	 	8
	5I.	 	Counterparts	 	8
	5J.	 	Descriptive Headings; Interpretation	 	8
	5K.	 	Governing Law	 	8
	5L.	 	Notices	 	9
	5M.	 	No Strict Construction	 	9

i

 
 
 

SCHEDULES AND EXHIBITS    
    

Schedule
of Purchasers 

	Exhibit A	 	—	 	Certificate of Incorporation
	Exhibit B	 	—	 	Stockholders Agreement
	Exhibit C	 	—	 	Registration Agreement
	Exhibit D-1	 	—	 	Stock Option Plan
	Exhibit D-2	 	—	 	Form of Time Vesting Stock Option Agreement
	Exhibit D-3	 	—	 	Form of Qualified Sale Vesting Stock Option Agreement
	Exhibit E-1	 	—	 	Form of Employment Agreement for Ingrid Jackel-Marken
	Exhibit E-2	 	—	 	Form of Employment Agreement for Jeff Rogers
	Exhibit E-3	 	—	 	Secondment Agreement
	Exhibit F	 	—	 	Form of Executive Stock Agreement
	Exhibit G-1	 	—	 	Form of Protection of Trade Secrets, Nonsolicitation and Confidentiality Agreement for Ingrid Jackel-Marken and Jeff Rogers
	Exhibit G-2	 	—	 	Form of Protection of Trade Secrets, Nonsolicitation and Confidentiality Agreement for André Pieters
	Exhibit H	 	—	 	Form of Director Indemnification Agreement

ii

PFI HOLDINGS CORP.
 STOCK PURCHASE AGREEMENT

        THIS
STOCK PURCHASE AGREEMENT is made as of November 3, 2003, by and among PFI Holdings Corp., a Delaware corporation (the
"Company"), and the Persons listed on the Schedule of Purchasers attached hereto (collectively referred
to herein as the "Purchasers" and individually as a "Purchaser"). Except as otherwise indicated herein,
capitalized terms used herein are defined in Section 4 hereof. 

        WHEREAS,
pursuant to this Agreement, the Company desires to issue and sell and the Purchasers desire to purchase an aggregate of 29,875.349 shares of the Company's Series A
Preferred Stock, par value $0.01 per share (the "Preferred Stock"), for an aggregate purchase price of $29,875,349, and an aggregate of 8,000,000 shares
of the Company's common stock, par value $0.01 per share, par value $.01 per share (the "Common Stock"), for an aggregate purchase price of $800,000; 

        WHEREAS,
pursuant to that certain Stock Purchase Agreement, dated as of the date hereof, by and among the Company, Pierre Fabre, Inc., a New York corporation
("Target"), PFI Acquisition Corp., a New York corporation and a wholly owned subsidiary of the Company ("Acquisition
Corp.") and Pierre Fabre Dermo-Cosmetique, S.A., a French société anonyme ("Seller") (as such
agreement may be amended or modified from time to time in accordance with its terms, the "Acquisition Agreement"), Acquisition Corp. will purchase (the
"Acquisition") all of the outstanding capital stock of Target; 

        WHEREAS,
the Purchasers are purchasing the Preferred Stock and Common Stock hereunder in order to provide a portion of the financing necessary to consummate the Acquisition; and 

        WHEREAS,
the purchase and sale of the Preferred Stock and the Common Stock contemplated by this Agreement will be consummated contemporaneously with the consummation of the Acquisition
pursuant to the terms of the Acquisition Agreement. 

        NOW,
THEREFORE, in consideration of the mutual covenants, agreements and understandings herein contained, the Purchasers and the Company hereby agree as follows: 

        Section 1.    Authorization and Closing.    

        1A.    Authorization of the Preferred Stock and Common Stock.    The Company shall authorize the issuance and sale to
the Purchasers of an aggregate of 29,875.349 shares of Preferred Stock and an aggregate of 8,000,000 shares of Common Stock, each having the rights and preferences set forth in the Certificate of
Incorporation (as defined below). 

        1B.    Purchase and Sale of the Preferred Stock and Common Stock.    At the Closing (as defined below), the Company
shall sell to each Purchaser and, subject to the terms and conditions set forth herein, each Purchaser shall purchase from the Company the number of shares of Preferred Stock and Common Stock set
forth opposite such Purchaser's name on the Schedule of Purchasers attached hereto at the price set forth opposite such Purchaser's name on the  Schedule of
Purchasers attached hereto. The sale of the Preferred Stock and Common Stock to each Purchaser shall constitute a separate sale hereunder. 

        1C.    The Closing.    The closing of the separate purchases and sales of the Preferred Stock and Common Stock (the
"Closing") shall take place at the offices of Kirkland & Ellis LLP, 200 East Randolph Drive, Chicago, Illinois 60601, or at such other place as
may be mutually agreeable to each of the Purchasers and the Company, at 10:00 a.m., local time, on the date hereof or at such other time as may be mutually agreeable to each of the Purchasers
and the Company. At the Closing, the Company shall deliver to each Purchaser stock certificates evidencing the Preferred Stock and Common Stock to be purchased by such Purchaser registered in such
Purchaser's name, upon payment of the purchase price therefor by wire transfer of immediately available funds to an account designated by the Company prior to the Closing, in the amounts set forth
opposite such Purchaser's name on the Schedule of Purchasers attached hereto. 

 

        Section 2.    Conditions of Each Purchaser's Obligation at the Closing.    The obligation of each Purchaser to
purchase and pay for the Preferred Stock and Common Stock to be purchased by such Purchaser at the Closing is subject to the satisfaction as of the Closing of the following conditions: 

        2A.    Representations and Warranties; Covenants.    The representations and warranties contained in Section 3
hereof shall be true and correct at and as of the Closing as though then made and the Company shall have performed all of the covenants required to be performed by it hereunder prior to the Closing. 

        2B.    Certificate of Incorporation.    The Company's Certificate of Incorporation (the
"Certificate of Incorporation") shall include the provisions set forth in Exhibit A attached
hereto, shall be in full force
and effect under the laws of the State of Delaware as of the Closing and shall not have been amended or modified. 

        2C.    Stockholders Agreement.    The Company, the Purchasers and Seller shall have entered into a stockholders
agreement in the form of Exhibit B attached hereto (the "Stockholders Agreement"), and the
Stockholders Agreement shall be in full force and effect as of the Closing and shall not have been amended or modified. 

        2D.    Registration Agreement.    The Company, the Purchasers and Seller shall have entered into a registration
agreement in the form of Exhibit C attached hereto (the "Registration Agreement"), and the
Registration Agreement shall be in full force and effect as of the Closing and shall not have been amended or modified. 

        2E.    Stock Option Plan.    The Company shall have adopted a stock option plan in the form of  Exhibit D-1 attached hereto
(the "Stock Option Plan"), and forms of stock option
agreements in the form of Exhibit D-2 and Exhibit D-3 attached
hereto (the "Stock Option Agreements"), and the Stock Option Plan shall be in full force and effect as of the Closing and shall not have been amended or
modified. 

        2F.    Employment Agreements.    Target shall have entered into employment agreements with each of Ingrid
Jackel-Marken and Jeff Rogers in the form of Exhibits E-1 and E-2 attached
hereto (the "Employment Agreements"), respectively, and each of the Employment Agreements shall be in full force and effect as of the Closing. Target
shall have entered into a Secondment Agreement with Seller and André Pieters in the form of Exhibits E-3 attached hereto (the
"Secondment Agreement"), and the Secondment Agreement shall be in full force and effect as of the Closing. 

        2G.    Executive Stock Agreements.    The Company shall have entered into executive stock purchase agreements, in the
form of Exhibit F attached hereto (the "Executive Stock Agreements"), with each of Ingrid
Jackel-Marken and Jeff Rogers, and the Executive Stock Agreements shall not have been amended or modified and shall be in full force and effect as of the Closing and the transactions contemplated
thereby shall have been consummated simultaneously with the Closing hereunder in accordance with the terms of the Executive Stock Agreements. 

        2H.    Nonsolicitation and Confidentiality Agreements.    Target and each of Ingrid Jackel-Marken and Jeff Rogers
shall have entered into a protection of trade secrets, nonsolicitation and confidentiality agreement in the form of Exhibit G-1
attached hereto, and Target and André Pieters shall have entered into a protection of trade secrets, nonsolicitation and confidentiality agreement in the form of  Exhibit G-2 attached hereto
(each, a "Nonsolicitation Agreement"), and each of the
Nonsolicitation Agreements shall be in full force and effect as of the Closing. 

        2I.    Director Indemnification Agreements.    The Company and each of the directors designated pursuant to the
Stockholders Agreement shall have entered into a director indemnification agreement in the form of Exhibit H attached hereto (the
"Director Indemnification Agreements"), and the Director Indemnification Agreements shall be in full force and effect as of the Closing. 

2

 

        2J.    Intentionally Omitted.    

        2K.    Sale of the Preferred Stock and Common Stock to Each Purchaser.    The Company shall have simultaneously sold
to each Purchaser the Preferred Stock and Common Stock to be purchased by such Purchaser hereunder at the Closing and shall have received payment therefor in full as provided herein. 

        2L.    Acquisition Agreement.    The Acquisition Agreement shall be in full force and effect as of the Closing and
shall not have been amended or modified and the Acquisition shall have been consummated simultaneously with the Closing hereunder in accordance with the terms of the Acquisition Agreement. 

        2M.    Bank Agreement.    Acquisition Corp. and Bank shall have entered into the Senior Loan Documents providing for
loans to Acquisition Corp. in form and substance satisfactory to each Purchaser, and the Senior Loan Documents shall be in full force and effect as of the Closing and shall not have been amended or
modified and the financing contemplated thereby shall have been consummated simultaneously with the Closing hereunder in accordance with the terms of the Senior Loan Documents. 

        2N.    Litigation.    No suit, action or other proceeding shall be pending before any court or governmental or
regulatory official, body or authority in which it is sought to restrain or prohibit the transactions contemplated hereby and no injunction, judgment, order, decree or ruling with respect thereto
shall be in effect. 

        2O.    Filings.    The Company and Acquisition Corp. shall have made all filings required to be made by the Company
and Acquisition Corp., respectively, and shall have obtained all permits and other authorizations required to be obtained by the Company and Acquisition Corp., respectively, under all applicable
federal and state securities laws to consummate the transactions contemplated by this Agreement in compliance with such laws. 

        2P.    Governmental Consents and Approvals.    The Company, Acquisition Corp. and the Purchasers shall have received
or obtained all governmental and regulatory consents and approvals that are necessary for the consummation of the transactions contemplated hereby, in each case on terms and conditions satisfactory to
the Purchasers. 

        2Q.    Waiver.    Any condition specified in this Section 2 may be waived if consented to by the Purchasers. 

        Section 3.    Representations and Warranties of the Company.    As a material inducement to the Purchasers to
enter into this Agreement and purchase the Preferred Stock and Common Stock hereunder, the Company hereby represents and warrants that: 

        3A.    Organization, Corporate Power and Licenses.    The Company is a corporation duly organized, validly existing
and in good standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material
adverse effect on the financial condition, operating results, assets or operations of the Company and its Subsidiaries taken as a whole. The Company possesses all requisite corporate power and
authority and all material licenses, permits and authorizations necessary to own and operate its properties, to carry on its businesses as now conducted and presently proposed to be conducted and to
carry out the transactions contemplated by this Agreement. 

        3B.    Capital Stock and Related Matters.    

          (i)  As
of the Closing and after giving effect to the transactions contemplated by this Agreement and the transactions contemplated by the Acquisition Agreement, the
authorized capital stock of the Company shall consist of (a) 40,000 shares of Preferred Stock, of which 37,432.710 shares shall be issued and outstanding, and (b) 13,000,000 shares of
Common Stock, of which 10,023,750 shares shall 

3

 

be
issued and outstanding and 2,500,000 of which shall be reserved for issuance upon exercise of stock options to be issued under the Stock Option Plan. As of the Closing, neither the Company nor any
of its Subsidiaries shall have outstanding any stock or securities convertible or exchangeable for any shares of its capital stock or containing any profit participation features, nor shall it have
outstanding any rights or options to subscribe for or to purchase its capital stock or any stock or securities convertible into or exchangeable for its capital stock or any stock appreciation rights
or phantom stock plans, except for the Common Stock and except for any options issued under the Stock Option Plan as of the Closing. As of the Closing, neither the Company nor any of its Subsidiaries
shall be subject to any obligation (contingent or otherwise) to repurchase or otherwise acquire or retire any shares of its capital stock or any warrants, options or other rights to acquire its
capital stock, except as set forth in the Certificate of Incorporation and except pursuant to any rights exercised by the Company pursuant to the Stockholders Agreement or the Executive Stock
Agreements. As of the Closing, all of the outstanding shares of the Company's capital stock shall be validly issued, fully paid and nonassessable. 

         (ii)  There
are no statutory or contractual stockholders preemptive rights or rights of refusal with respect to the issuance of the Preferred Stock or Common Stock hereunder.
The Company has not violated any applicable federal or state securities laws in connection with the offer, sale or issuance of any of its capital stock, and the offer, sale and issuance of the
Preferred Stock and Common Stock hereunder does not require registration under the Securities Act or any applicable state securities laws. 

        3C.    Subsidiaries; Investments.    Each of Acquisition Corp. and Target are corporations duly formed, validly
existing and in good standing under the laws of the State of New York. Each of the Subsidiaries of Acquisition Corp. and Target are corporations duly formed, validly existing and in good standing
under the laws of their respective states of incorporation. Effective at the Closing, upon merger of Acquisition Corp. with and into Target, all of the equity interests of Target shall be owned by the
Company, free and clear of any Lien (other than the Liens in favor of the Bank pursuant to the Senior Loan Documents and any inchoate tax Liens) and are not subject to any option or right to purchase
any such equity interests. 

        3D.    Authorization; No Breach.    The execution, delivery and performance of this Agreement and all other agreements
and instruments contemplated hereby to which the Company is a party and the offering, sale and issuance of the Preferred Stock and Common Stock hereunder have been duly authorized by the Company. This
Agreement and all other agreements and instruments contemplated hereby to which the Company is a party each constitutes a valid and binding obligation of the Company, enforceable in accordance with
its terms (except to the extent that enforcement may be affected by laws relating to bankruptcy, reorganization, insolvency and creditor's rights). The execution and delivery by the Company of this
Agreement and all other agreements and instruments contemplated hereby to which the Company is a party, the offering, sale and issuance of the Preferred Stock and Common Stock hereunder and the
fulfillment of and compliance with the respective terms hereof and thereof by the Company, do not and shall not (i) conflict with or result in a breach of the terms, conditions or provisions
of, (ii) constitute a default under, (iii) result in the creation of any Lien (other than any Lien in favor of the lenders under the Senior Loan Documents and any inchoate tax Liens)
upon the Company's or any of its Subsidiaries' capital stock or assets pursuant to, (iv) give any third party the right to modify, terminate or accelerate any obligation under,
(v) result in a violation of, or (vi) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative
or governmental body or agency pursuant to, the charter or bylaws of the Company or any of its Subsidiaries, or any law, statute, rule or regulation to which the Company or any of its Subsidiaries is
subject, or any agreement, instrument, order, judgment or decree to which the Company or any of its Subsidiaries is subject. 

        3E.    Conduct of Business; Liabilities.    Except as contemplated by this Agreement and all other agreements and
instruments contemplated hereby to which the Company is a party (including the Acquisition Agreement) and the consummation of the transactions contemplated herein and therein, 

4

 

prior
to the Closing, the Company has not conducted any business, incurred any expenses, obligations or liabilities or entered into any contracts or agreements. 

        Section 4.    Definitions.    

        4A.    Definitions.    For the purposes of this Agreement, the following terms have the meanings set forth below: 

        "Bank" means Union Bank of California, N.A., as agent for the lenders pursuant to the Senior Loan Documents. 

        "Lien" means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other
title retention agreement or lease in the nature thereof), any sale of receivables with recourse against the Company, any filing or agreement to a file a financing statement as debtor under the
Uniform Commercial Code or any similar statute (other that to reflect ownership by a third party of property leased to the Company under a lease which is not in the nature of a conditional sale or
title retention agreement), or any subordination arrangements in favor of another Person. 

        "Officer's Certificate" means a certificate signed by the Company's chief executive officer, president or its chief financial officer,
stating that (i) the officer signing such certificate has made or has caused to be made such investigations as are reasonably necessary in order to permit him to verify the accuracy of the
information set forth in such certificate and (ii) to the best of such officer's knowledge, such certificate does not misstate any material fact and does not omit to state any fact necessary to
make the certificate not misleading. 

        "Options" means options to purchase Common Stock which are issued under the Stock Option Agreements in accordance with the Stock Option
Plan. 

        "Person" means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a
joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof. 

        "Restricted Securities" means (i) the Preferred Stock and Common Stock issued hereunder, (ii) the Common Stock and Preferred
Stock issued under the Executive Stock Agreements, (iii) the Common Stock issued upon exercise of the Options, and (iv) any securities issued with respect to the securities referred to
in clauses (i), (ii) or (iii) above by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other
reorganization. As to any particular Restricted Securities, such securities shall cease to be Restricted Securities when they have (a) been effectively registered under the Securities Act and
disposed of in accordance with the registration statement covering them, (b) been distributed to the public through a broker, dealer or
market maker pursuant to Rule 144 (or any similar provision then in force) under the Securities Act or become eligible for sale pursuant to Rule 144(k) (or any similar provision then in
force) under the Securities Act or (c) been otherwise transferred and new certificates for them not bearing the Securities Act legend set forth in paragraph 5C have been delivered by the
Company in accordance with the Stockholders Agreement. Whenever any particular securities cease to be Restricted Securities, the holder thereof shall be entitled to receive from the Company, without
expense, new securities of like tenor not bearing a Securities Act legend of the character set forth in paragraph 5C. 

        "Securities Act" means the Securities Act of 1933, as amended, or any similar federal law then in force. 

        "Securities and Exchange Commission" includes any governmental body or agency succeeding to the functions thereof. 

5

 

        "Senior Loan Documents" means the Credit Agreement, of even date herewith, by and among Acquisition Corp., the Bank and the Lenders named
therein, and all other agreements and instruments contemplated thereby, in each case as the same may be amended and modified from time to time in accordance with their respective terms. 

        "Subsidiary" means, with respect to any Person, any corporation, limited liability company, partnership, association or other business
entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or
(ii) if a limited liability company, partnership, association or other business entity, a majority of the partnership or other similar ownership interest thereof is at the time owned or
controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority
ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons shall be allocated a majority of the limited liability company,
partnership, association or other business entity gains or losses or shall be or control any managing member or general partner of such limited liability company, partnership, association or other
business entity. 

        Section 5.    Miscellaneous.    

        5A.    Expenses.    The Company shall pay, and hold each Purchaser and its affiliates and all holders of Preferred
Stock and Common Stock purchased hereunder harmless against liability for the payment of, (i) all costs, fees and expenses incurred by the Purchasers or any of their respective affiliates in
connection with the negotiation and execution of this Agreement, the Acquisition Agreement and that certain Note Purchase Agreement dated the date hereof by and among Acquisition Corp. and the
purchasers named therein (the "Note Purchase Agreement") and the consummation of the transactions contemplated hereby and thereby (including fees and
expenses of legal counsel, accountants, consultants and other representatives and consultants and due diligence (including travel-related) fees and expenses) and the fees and expenses incurred by the
Purchasers with respect to any amendments or waivers (whether or not the same became effective) under or in respect of this Agreement, the Note Purchase Agreement, the agreements and instruments
contemplated hereby and thereby, the Certificate of Incorporation or the Notes (as defined in the Note Purchase Agreement) (including, without limitation, in connection with any proposed merger, sale
or recapitalization of the Company, Acquisition Corp. or Target), (ii) the reasonable fees and expenses incurred with respect to the enforcement of the rights granted under this Agreement, the
Note Purchase Agreement, the agreements contemplated hereby and thereby, the Certificate of Incorporation and the Notes, (iii) stamp and other taxes which may be payable in respect of the
execution and delivery of this Agreement, the Note Purchase Agreement or the issuance, delivery or acquisition of any Preferred Stock, Common Stock or Notes and (iv) the reasonable fees and
expenses incurred by each Purchaser in any filing with any governmental agency with respect to its investment in the Company, Acquisition Corp. or Target or in any other filing with any governmental
agency with respect to the Company or any of its Subsidiaries which mentions such Person. 

        5B.    Remedies.    Each holder of Preferred Stock and Common Stock shall have all rights and remedies set forth in
this Agreement or the Certificate of Incorporation and all rights and remedies which such holders have been granted at any time under any other agreement or contract and all of the rights which such
holders have under any law. Any Person having any rights under any provision of this Agreement shall be entitled to enforce such rights specifically (without posting a bond or other security), to
recover damages by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law. 

6

 

        5C.    Purchaser's Investment Representations.    

          (i)  Each
Purchaser hereby represents that it is acquiring the Restricted Securities purchased hereunder or acquired pursuant hereto for its own account with the present
intention of holding such securities for purposes of investment, and that it has no intention of selling such securities in a public distribution in violation of the federal securities laws or any
applicable state securities laws; provided that nothing contained herein shall prevent any Purchaser and subsequent holders of Restricted Securities
from transferring such securities in compliance with the provisions of Section 4 hereof. Each certificate or instrument representing Restricted Securities shall be imprinted with a legend in
substantially the following form: 

"The
securities represented by this certificate were originally issued on November 3, 2003, have not been registered under the Securities Act of 1933, as amended (the "Act"), and may not be
sold or
transferred in the absence of an effective registration statement under the Act or an exemption from registration thereunder. The transfer of the securities represented by this certificate is subject
to the conditions specified in the Stock Purchase Agreement, dated as of November 3, 2003, and as amended and modified from time to time, between the issuer (the "Company") and certain
investors, and the Company reserves the right to refuse the transfer of such securities until such conditions have been fulfilled with respect to such transfer. A copy of such conditions shall be
furnished by the Company to the holder hereof upon written request and without charge." 

         (ii)  Each
Purchaser has been given full access to all information regarding the Company (including access to the Acquisition Agreement and the Senior Loan Documents) that it
has requested from the Company and has had the opportunity to ask questions and receive answers concerning the terms and conditions of the Preferred Stock and Common Stock to be purchased by it
hereunder. Each Purchaser is capable of evaluating and has evaluated the merits and risks of its purchase of the Preferred Stock and Common Stock hereunder and is able to bear the economic risk of its
investment in the Preferred Stock and Common Stock. 

        (iii)  Each
Purchaser is an "accredited investor" as defined in Rule 501(a) under the Securities Act and has such knowledge, sophistication and experience in business
and financial matters so as to be capable of evaluating the merits and risks of its prospective investment in the Preferred Stock and Common Stock, is able to bear the economic risk of such investment
and, at the present time, is able to afford a complete loss of such investment. 

        (iv)  Each
Purchaser recognizes that it must bear the economic risk of the investment represented by its purchase of the Preferred Stock and Common Stock for an indefinite
period. Each Purchaser understands that neither the Preferred Stock nor the Common Stock has been registered under the Securities Act on the basis that the sale provided for in this Agreement is
exempt from the registration provisions thereof and that the Company's reliance on such exemption is predicated upon the representations of the Purchasers set forth herein. 

         (v)  Each
Purchaser has the requisite power and authority to purchase the Restricted Securities to be purchased by such Purchaser hereunder. This Agreement is a valid and
binding obligation of such Purchaser enforceable in accordance with its terms. 

        (vi)  The
representations and warranties in this paragraph 5C are made severally by each Purchaser with respect to such Purchaser and not jointly with respect to all
Purchasers. 

        5D.    Consent to Amendments.    The provisions of this Agreement may be amended and the Company may take any action
herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company has obtained the written consent of the holders of a majority of the Preferred Stock and a
majority of the Common Stock issued and sold hereunder; provided that if there is no Preferred Stock outstanding, the provisions of this Agreement may
be amended and the 

7

 

Company
may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company has obtained the written consent of the holders of a majority of
the Common Stock issued and sold hereunder. No course of dealing between the Company and the holder of any Preferred Stock or Common Stock issued and sold hereunder or any delay in exercising any
rights hereunder or under the Certificate of Incorporation shall operate as a waiver of any rights of any such holders hereunder. For purposes of this Agreement, shares of Preferred Stock or Common
Stock held by the Company or any of its Subsidiaries shall not be deemed to be outstanding. 

        5E.    Survival of Representations and Warranties.    All representations and warranties contained herein or made in
writing by any party to this Agreement in connection herewith shall survive the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, regardless of any
investigation made by any Purchaser or on its behalf. 

        5F.    Successors and Assigns.    Except as otherwise expressly provided herein, all covenants and agreements
contained in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not.
In addition, and whether or not any express assignment has been made, the provisions of this Agreement which are for any Purchaser's benefit as a purchaser or holder of Restricted Securities are also
for the benefit of, and enforceable by, any subsequent holder of such Restricted Securities. If a sale, transfer, assignment or other disposition of any Restricted Securities is made in accordance
with the provisions of this Agreement to any Person and such Restricted Securities remain Restricted Securities immediately after such disposition, such Person shall, at or prior to the time such
Restricted Securities are acquired, execute a counterpart of this Agreement with such modifications thereto as may be necessary to reflect such Person's agreement to become a party to, and to be bound
by, all covenants, terms and conditions of this Agreement as theretofore amended. 

        5G.    Severability.    Whenever possible, each provision of this Agreement shall be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Agreement or the application of any such provision to any Person or circumstance shall be held to be prohibited by, illegal or
unenforceable under applicable law in any respect by a court of competent jurisdiction, such provision shall be ineffective only to the extent of such prohibition or illegality or unenforceability,
without invalidating the remainder of such provision or the remaining provisions of this Agreement. 

        5H.    Entire Agreement.    This Agreement and the agreements and documents referred to herein contain the entire
agreement and understanding between the parties with respect to the subject matter hereof and
supersede all prior agreements and understandings, whether written or oral, relating to such subject matter in any way. 

        5I.    Counterparts.    This Agreement may be executed simultaneously in two or more counterparts (including by means
of telecopied signature pages), any one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same Agreement. 

        5J.    Descriptive Headings; Interpretation.    The descriptive headings of this Agreement are inserted for
convenience only and do not constitute a substantive part of this Agreement. The use of the word "including" in this Agreement shall be by way of example rather than by limitation and shall mean in
each instance "including without limitation." 

        5K.    Governing Law.    All issues and questions concerning the construction, validity, enforcement and
interpretation of this Agreement and the exhibits and schedules hereto shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to any choice of
law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of
Delaware. 

8

 

        5L.    Notices.    All notices, demands or other communications to be given or delivered under or by reason of the
provisions of this Agreement shall be in writing and shall be deemed to have been given when delivered personally, sent by telecopy (with receipt confirmed) on a business day during regular business
hours of the recipient (or, if not, on the next succeeding business day) or two business days after being sent by reputable overnight courier service (charges prepaid). Such notices, demands and other
communications shall be sent to each Purchaser at the address indicated on the Schedule of Purchasers and to the Company at the address indicated below: 

	 	 Pierre Fabre, Inc.

1055 West 8th Street

Azusa, California 91702

Attn: Chief Executive Officer

Telephone: (626) 334-3395

Telecopy: (626) 812-9462	 	 
	 	
with copies to (which shall not constitute notice to the Company):	
 	

 
	 	
 Summit Partners, L.P.

499 Hamilton Avenue

Palo Alto, California 94301	
 	

 
	 	Attention:	Walter G. Kortschak

Craig D. Frances	 	 
	 	Telephone:	(415) 321-1166	 	 
	 	Telecopy:	(415) 321-1188	 	 
	 	
 Kirkland & Ellis LLP

200 East Randolph Drive

Chicago, Illinois 60601	
 	

 
	 	Attention:	Ted H. Zook, P.C.	 	 
	 	Telephone:	(312) 861-2000	 	 
	 	Telecopy:	(312) 861-2200	 	 

or
to such other address or to the attention of such other person as the recipient party has specified by prior written notice to the sending party. 

        5M.    No Strict Construction.    The parties have participated jointly in the negotiation and drafting of this
Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall
arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 

*        *        *        *        * 

9

 

        IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first written above. 

	 	 	PFI HOLDINGS CORP.
	

 	
 	

By:	
 	

/s/ Andre Pieters

	 	 	Its:	 	President
	

 	
 	

SUMMIT VENTURES V, L.P.
	

 	
 	

By:	
 	

Summit Partners V, L.P.,

its General Partner
	

 	
 	

By:	
 	

Summit Partners, LLC,

its General Partner
	

 	
 	

By:	
 	

/s/ Walter Kortschak
 Member
	

 	
 	

SUMMIT V COMPANION FUND, L.P.
	

 	
 	

By:	
 	

Summit Partners V, L.P.,
	 	 	Its	 	General Partner
	

 	
 	

By:	
 	

Summit Partners, LLC,
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

/s/ Walter Kortschak
 Member
	

 	
 	

SUMMIT V ADVISORS (QP) FUND, L.P.
	

 	
 	

By:	
 	

Summit Partners V, L.P.,
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

Summit Partners, LLC,
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

/s/ Walter Kortschak
 Member
	

 	
 	

SUMMIT V ADVISORS FUND, L.P.
	

 	
 	

By:	
 	

Summit Partners V, L.P.
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

Summit Partners, LLC
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

/s/ Walter Kortschak
 Member
	 	 	 	 	 

10

 

	

 	
 	

SUMMIT VENTURES VI-A, L.P.
	

 	
 	

By:	
 	

Summit Partners VI (GP), L.P.
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

Summit Partners VI (GP), LLC
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

/s/ Walter Kortschak
 Member
	

 	
 	

SUMMIT VENTURES VI-B, L.P.
	

 	
 	

By:	
 	

Summit Partners VI (GP), L.P.
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

Summit Partners VI (GP), LLC
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

/s/ Walter Kortschak
 Member
	

 	
 	

SUMMIT VI ADVISORS FUND, L.P.
	

 	
 	

By:	
 	

Summit Partners VI (GP), L.P.
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

Summit Partners VI (GP), LLC
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

/s/ Walter Kortschak
 Member
	

 	
 	

SUMMIT VI ENTREPRENEURS FUND, L.P.
	

 	
 	

By:	
 	

Summit Partners VI (GP), L.P.
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

Summit Partners VI (GP), LLC
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

/s/ Walter Kortschak
 Member
	

 	
 	

SUMMIT INVESTORS VI, L.P.
	

 	
 	

By:	
 	

Summit Partners VI (GP), L.P.
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

Summit Partners, VI (GP), LLC
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

/s/ Walter Kortschak
 Member
	 	 	 	 	 

11

 

	

 	
 	

SUMMIT SUBORDINATED DEBT FUND II, L.P.
	

 	
 	

By:	
 	

Summit Partners SD II, LLC
	 	 	Its:	 	General Partner
	

 	
 	

By:	
 	

Stamps, Woodsum & Co. IV
	 	 	Its:	 	Managing Member
	

 	
 	

By:	
 	

/s/ Walter Kortschak
 General Partner

12

SCHEDULE OF PURCHASERS

	Name and Address
 
	 	Number of

Shares of

Series A

Preferred Stock
	 	Purchase Price

for Series A

Preferred Stock
	 	Number of Shares of

Common Stock
	 	Purchase Price for

Common Stock
	 	Total Purchase

Price

	Summit Ventures V, L.P.

c/o Summit Partners, L.P.

499 Hamilton Avenue

Suite 200

Palo Alto, CA 94301

Attn:  Walter G. Kortschak

           Craig D. Frances	 	5,520.647	 	$	5,520,647	 	1,419,000	 	$	141,900	 	$	5,662,547
	

Summit V Companion Fund, L.P.

c/o Summit Partners, L.P.

499 Hamilton Avenue

Suite 200

Palo Alto, CA 94301

Attn:  Walter G. Kortschak

           Craig D. Frances	
 	

3,744.617	
 	
$	

3,744,617	
 	

962,500	
 	
$	

96,250	
 	
$	

3,840,867
	

Summit V Advisors (QP)

Fund, L.P.

c/o Summit Partners, L.P.

499 Hamilton Avenue

Suite 200

Palo Alto, CA 94301

Attn:  Walter G. Kortschak

           Craig D. Frances	
 	

530.935	
 	
$	

530,935	
 	

136,470	
 	
$	

13,647	
 	
$	

544,582
	

Summit V Advisors Fund, L.P.

c/o Summit Partners, L.P.

499 Hamilton Avenue

Suite 200

Palo Alto, CA 94301

Attn:  Walter G. Kortschak

           Craig D. Frances	
 	

162.251	
 	
$	

162,251	
 	

41,700	
 	
$	

4,170	
 	
$	

166,421
	

Summit Ventures VI-A, L.P.

c/o Summit Partners, L.P.

499 Hamilton Avenue

Suite 200

Palo Alto, CA 94301

Attn:  Walter G. Kortschak

           Craig D. Frances	
 	

13,474.834	
 	
$	

13,474,834	
 	

3,463,490	
 	
$	

346,349	
 	
$	

13,821,183
	

Summit Ventures VI-B, L.P.

c/o Summit Partners, L.P.

499 Hamilton Avenue

Suite 200

Palo Alto, CA 94301

Attn:  Walter G. Kortschak

           Craig D. Frances	
 	

5,619.542	
 	
$	

5,619,542	
 	

1,444,442	
 	
$	

144,442	
 	
$	

5,763,984
	

Summit VI Advisors Fund, L.P.

c/o Summit Partners, L.P.

499 Hamilton Avenue

Suite 200

Palo Alto, CA 94301

Attn:  Walter G. Kortschak

           Craig D. Frances	
 	

280.239	
 	
$	

280,239	
 	

72,030	
 	
$	

7,203	
 	
$	

287,442
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	

Summit VI Entrepreneurs Fund, L.P.

c/o Summit Partners, L.P.

499 Hamilton Avenue

Suite 200

Palo Alto, CA 94301

Attn:  Walter G. Kortschak

           Craig D. Frances	
 	

430.261	
 	
$	

430,261	
 	

110,590	
 	
$	

11,059	
 	
$	

441,320
	

Summit Investors VI, L.P.

c/o Summit Partners, L.P.

499 Hamilton Avenue

Suite 200

Palo Alto, CA 94301

Attn:  Walter G. Kortschak

           Craig D. Frances	
 	

112.023	
 	
$	

112,023	
 	

28,790	
 	
$	

2,879	
 	
$	

114,902
	

Summit Subordinated Debt Fund II, L.P.

c/o Summit Partners, L.P.

499 Hamilton Avenue

Suite 200

Palo Alto, CA 94301

Attn:  Walter G. Kortschak

           Craig D. Frances	
 	

0.000	
 	
 	

—	
 	

321,010	
 	
$	

32,101	
 	
$	

32,101
	 	
 Totals:	
 	

29,875.349	
 	
$	

$29,875,349	
 	

8,000,000	
 	
$	

800,000	
 	
$	

30,675,349

QuickLinks

Exhibit 10.2

[Execution Copy]

STOCK PURCHASE AGREEMENT BY AND AMONG PFI HOLDINGS CORP. AND EACH OF THE PURCHASERS NAMED HEREIN DATED AS OF NOVEMBER 3, 2003

TABLE OF CONTENTS

SCHEDULES AND EXHIBITS

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