Document:

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                                                                    Exhibit 10.3

            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 Edward Oberstein
("Seller").

                                    RECITALS

         WHEREAS, the Seller owns 640 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 Todd Teiber ("Teiber") 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 Teiber 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 that restricts Seller's use of 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 One Million and
00/100 Dollars ($1,000,000.00) 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.

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         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

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         Personal Goodwill pursuant to any material contract, law, ordinance,
         regulation, order, 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.

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         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

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                           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:

                           Edward Oberstein
                           2055 Luna Road, Suite 156
                           Carrollton, TX 75006

                           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.

                                      *****

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

SELLER:

     /s/ Edward Oberstein
------------------------------------------
Edward Oberstein, individually

BUYER:

TEIBER LIGHTING PRODUCTS, INC.,
a Delaware corporation

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

                                                                    Exhibit 10.4

                              CONSULTING AGREEMENT

         THIS CONSULTING AGREEMENT ("Agreement") is effective as of the 1st day
of March, 2005, by and among Teiber Lighting Products, Inc., a Delaware
corporation (the "Company"), Craftmade International, Inc., a Delaware
corporation ("Craftmade"), and Todd Teiber, an individual resident in Collin
County ("Consultant").

                                    RECITALS

         WHEREAS, concurrently with the execution and delivery of this
Agreement, Craftmade is acquiring all of the outstanding capital stock of Bill
Teiber Co., Inc., a Texas corporation doing business as Teiber Lighting Products
("Teiber Lighting"), through a merger (the "Merger") of Teiber Lighting with and
into the Company, pursuant to a Merger Agreement dated as of March 1, 2005 among
Craftmade, the Company, Consultant, Edward Oberstein and Teiber Lighting (the
"Merger Agreement").

         WHEREAS, the Company recognizes the knowledge and experience of
Consultant and desires to secure the services of Consultant with respect to the
operations of the Company; and

         WHEREAS, Consultant desires to perform such services for the Company,
all on the terms and conditions as hereinafter set forth.

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

         1. Duties of Consultant.

         (a) Consultant shall, from time to time upon the request of the Company
and subject to the terms hereof, render assistance, advice, and consultation to
the Company concerning the conduct of the business of the Company (collectively,
the "Services"). The Services shall include, but shall not be limited to, (i)
providing design support services; (ii) the education and instruction of the
Company's employees with the business as conducted by the Company; and (iii)
investigation, analysis, and the preparation of recommendations and advice
concerning purchasing, sales, marketing, organization, management, operations,
and personnel issues of concern to the Company.

         (b) Consultant shall perform such duties in Coppell, Texas, or at such
other place or places as Company may, from time to time, reasonably deem
appropriate.

         (c) Consultant shall be available to perform services under this
Agreement on such days during the Term (as defined below) as reasonably
requested by the Company.

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         2. Compensation.

         (a) The Consultant will be paid an annual consulting fee of
$100,000.00, which will be payable in equal monthly installments.

         (b) The Consultant will be paid royalties on certain future products
absorbed into the Company's product offering, pursuant to Craftmade's normal
royalty agreements.

         3. Independent Contractor Status.

         (a) The parties hereby terminate as of the effective date of this
Agreement all prior relationships between them and hereby create the
relationship of the Company and independent contractor. The parties (i)
acknowledge and covenant that Consultant is an independent contractor and will
act exclusively as an independent contractor and not as an employee of the
Company or Craftmade in performing the duties assigned hereunder, and (ii) do
not intend, and will not hold out that there exists, any partnership, joint
venture, undertaking for a profit or other form of business venture or any
employment relationship among the parties other than that of an independent
contractor relationship.

         (b) The Consultant, as an independent contractor under this Agreement,
is responsible for all employment taxes of any nature whether incurred as a
result of the Consultant's services and remuneration paid hereunder or as a
result of the employment of any other individuals by the Consultant (such
employment taxes to be referred to herein as the "Taxes"). The Taxes include,
but are not limited to, federal, state, provincial and local income, social
security, self-employment and unemployment taxes.

         (c) With respect to the Taxes, the Company shall not treat the
Consultant as an employee, and in no event shall the Company be liable to the
Consultant or the Consultant's heirs, assigns, successors or legal
representatives, nor any governmental agency, for the withholding or payment of
any Taxes.

         (d) The Consultant shall release, hold harmless and indemnify
Craftmade, the Company and their respective directors, officers, affiliates,
employees and agents (collectively, the "Indemnitees"), from and against any and
all obligations, losses, costs, claims, judgments, damages, attorneys' fees and
expenses suffered or incurred by the Indemnitees arising out of or reasonably
attributable to any claim related to or concerning the Taxes.

         (e) With regard to the Services rendered by Consultant hereunder, the
Company and Craftmade shall not be liable to the Consultant nor to any third
party who may claim any right due to the Consultant's relationship with the
Company or with Craftmade, for any acts or omissions in the performance of the
Services on the part of the Consultant or due to the Consultant's misconduct or
negligence. The Consultant shall indemnify, defend and hold harmless the
Indemnitees from and

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against any and all obligations, losses, costs, claims, judgments, damages,
attorneys' fees and expenses suffered or incurred by the Indemnitees arising out
of or attributable to such Services rendered by the Consultant.

         4. Term; Termination.

         (a) Subject to the provisions of this Section 4, the term (the "Term")
of this Agreement shall initially be for the period beginning on the effective
date of this Agreement (the "Effective Date") and ending on the third
anniversary of the Effective Date (the "Initial Term"). After the Initial Term,
the Agreement shall be extended for two additional one-year terms (the "First
Additional Term" and the "Second Additional Term," respectively), unless the
Consultant provides written notice of election not to renew at least 45 days
before the commencement of the First Additional Term and the Second Additional
Term, respectively.

         (b) This Agreement may be terminated immediately with the mutual
written agreement of the Company, Craftmade and the Consultant. Upon termination
of this Agreement pursuant to this provision, the Consultant shall be entitled
to receive only such compensation payable through the effective date of
termination, payable in full on the effective date of such termination of this
Agreement.

         (c) Notwithstanding the preceding, the Company or Craftmade may
terminate this Agreement for Cause with respect to the Consultant. Termination
for "Cause" shall mean termination because of the Consultant's (A) death, (B)
breach of this Agreement, (C) Disability (as defined below), (D) willful
misconduct that causes material economic harm to the Company or Craftmade or
that brings substantial discredit to the Company's or Craftmade's reputation,
(E) failure to follow directions of the Company that are consistent with the
Consultant's duties under this Agreement, or (F) final, nonappealable conviction
of a felony involving moral turpitude; provided, however, that subsections (D)
or (E) shall not constitute Cause unless the Company or Craftmade notifies the
Consultant thereof in writing, specifying in reasonable detail the basis
therefor and stating that it is grounds for Cause, and unless Consultant fails
to cure such matter within 10 days after such notice is sent or given under this
Agreement.

         "Disability" shall exist if because of ill health, physical or mental
disability or any other reason beyond his control, and notwithstanding
reasonable accommodations made by the Company, Consultant shall have been unable
or shall have failed to perform his services under this Agreement, as determined
in good faith by the Company or Craftmade, for a period of 120 consecutive days,
or, if in any 12-month period, Consultant shall have been unable or shall have
failed to perform the Services for a period of 180 days, irrespective of whether
or not such days are consecutive.

         5. Non-Disclosure.

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         (a) Confidential Information. Upon Consultant's execution of this
Agreement, the Company and Craftmade agree that they will immediately provide
Consultant with specialized knowledge and training regarding the business in
which the Company and Craftmade are involved, and will immediately provide
Consultant with Confidential Information (as hereinafter defined) and trade
secrets of the Company and Craftmade. The Company and Craftmade also agree to
provide Consultant with Confidential Information on an on-going basis.

         Consultant understands and acknowledges that (a) such Confidential
Information has been developed and/or acquired by the Company and Craftmade
through the expenditure of substantial time, effort and money, (b) such
Confidential Information gives the Company and Craftmade a competitive advantage
over others who do not have this information, (c) the Company and Craftmade
would be irreparably harmed if the Confidential Information were disclosed; (d)
Craftmade has required that the Consultant make the covenants in this Section 5
as a condition to the Merger; and (e) the provisions of this Section 5 are
reasonable and necessary to prevent the improper use or disclosure of
Confidential Information.

         (b) Disclosure of Confidential Information and Return of Company
Property. In exchange for the Company and Craftmade's promises to provide
Consultant with specialized training and Confidential Information, Consultant
agrees that he will hold all Confidential Information of the Company and
Craftmade in trust for the Company and will not: (a) use the information for any
purpose other than the benefit of the Company; or (b) disclose to any person or
entity any Confidential Information of the Company or Craftmade except as
necessary during Consultant's work with the Company to perform services on
behalf of the Company.

         To execute and enforce the terms of this Section 5, Consultant
covenants as follows:

                  (vi) During and following the Term, the Consultant will hold
         in confidence the Confidential Information and will not disclose it to
         any person except (A) with the specific prior written consent of the
         Company and Craftmade, (B) as necessary to carry out the Consultant's
         duties under this Agreement or (C) except as otherwise expressly
         permitted by the terms of this Agreement.

                  (vii) Any trade secrets of the Company and Craftmade will be
         entitled to all of the protections and benefits under applicable law.
         If any information that the Company and Craftmade deem to be a trade
         secret is found by a court of competent jurisdiction not to be a trade
         secret for purposes of this Agreement, such information will,
         nevertheless, be considered Confidential Information for purposes of
         this Agreement. The Consultant hereby waives any requirement that the
         Company and Craftmade submit proof of the economic value of any trade
         secret or post a bond or other security.

                  (viii) None of the foregoing obligations and restrictions
         applies to any part of the Confidential Information that the Consultant
         demonstrates was or became generally available to the public other than
         as a result of a direct or indirect disclosure by the Consultant.

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                  (ix) The Consultant will not remove from the Company and
         Craftmade's premises (except to the extent such removal is for purposes
         of the performance of the Consultant's duties at home or while
         traveling, or except as otherwise specifically authorized by the
         Company and Craftmade) any document, record, notebook, plan, model,
         component, device, or computer software or code, whether embodied in a
         disk or in any other form (collectively, the "Proprietary Items"). The
         Consultant recognizes that, as between the Company, Craftmade and the
         Consultant, all of the Proprietary Items, whether or not developed by
         the Consultant, are the exclusive property of the Company and
         Craftmade. Upon termination of this Agreement by either party, or upon
         the request of the Company and Craftmade during the Term, the
         Consultant will return to the Company and Craftmade all of the
         Proprietary Items in the Consultant's possession or subject to the
         Consultant's control, and the Consultant shall not retain any copies,
         abstracts, sketches, or other physical embodiment of any of the
         Proprietary Items.

                  (x) Consultant will take reasonable steps to safeguard all
         Confidential Information and prevent its disclosure to unauthorized
         persons.

         (c) Disputes or Controversies. Consultant recognizes that should a
dispute or controversy arising from or relating to this Agreement be submitted
for adjudication to any court, arbitration panel, or other third party, the
preservation of the secrecy of Confidential Information may be jeopardized. All
pleadings, documents, testimony, and records relating to any such adjudication
will be maintained in secrecy and will be available for inspection by the
Company and Craftmade, the Consultant, and its attorneys and experts, who will
agree, in advance and in writing, to receive and maintain all such information
in secrecy, except as may be limited by them in writing.

         (d) Definitions. For purposes of this Agreement:

                  (i) "Confidential Information" means any and all:

                           (1) trade secrets concerning the business and affairs
                  of the Company, Craftmade, and their respective affiliates,
                  product specifications, data, know-how, formulae,
                  compositions, processes, designs, sketches, photographs,
                  graphs, drawings, samples, inventions and ideas, past,
                  current, and planned research and development, current and
                  planned manufacturing or distribution methods and processes,
                  customer lists, current and anticipated customer requirements,
                  price lists, market studies, business plans, computer software
                  and programs (including object code and source code), computer
                  software and database technologies, systems, structures, and
                  architectures (and related formulae, compositions, processes,
                  improvements, devices, know-how, inventions, discoveries,
                  concepts, ideas, designs, methods and information), and any
                  other information, however documented, that is a trade secret
                  within the meaning of applicable trade secret laws; and

<PAGE>

                           (2) information concerning the business and affairs
                  of the Company, Craftmade and their respective affiliates
                  (which includes historical financial statements, financial
                  projections and budgets, historical and projected sales,
                  capital spending budgets and plans, the names and backgrounds
                  of key personnel, personnel training and techniques and
                  materials), however documented; and

                           (3) notes, analysis, compilations, studies,
                  summaries, and other material prepared by or for the Company,
                  Craftmade, or their respective affiliates, containing or
                  based, in whole or in part, on any information included in the
                  foregoing.

                  (ii) "Person" includes any individual, corporation (including
         any non-profit corporation), general or limited partnership, limited
         liability company, joint venture, estate, trust, association,
         organization, or governmental body.

         6. Non-Competition and Non-Interference.

         (a) Acknowledgements of the Consultant. The Consultant acknowledges
that: (a) the services to be performed by him under this Agreement are of a
special, unique, unusual, extraordinary, and intellectual character; (b) the
Company and Craftmade's business is international in scope and their products
are marketed throughout the world; (c) the Company and Craftmade compete with
other businesses that are or could be located in any part of the world; (d)
Craftmade has required that the Consultant make the covenants set forth in this
Section 6 as a condition to the Merger; and (e) the provisions of this Section 6
are reasonable and necessary to protect the Company's business.

         (b) Covenant Not to Compete. In order to protect the Company and
Craftmade's Confidential Information, it is necessary to enter into the
following restrictive covenant. Thus, except as set forth below, Consultant
covenants that he will not, directly or indirectly:

                  (i) during the Term, directly or indirectly, engage or invest
         in, own, manage, operate, finance, control, or participate in the
         ownership, management, operation, financing, or control of, be employed
         by, associated with, or in any manner connected with, lend Consultant's
         name or any similar name to, lend Consultant's credit to or render
         services or advice to, any business whose products, services or
         activities compete in whole or in part with the products, services or
         activities of the Company, Craftmade or any affiliate of the Company or
         Craftmade ("Competing Business"), anywhere in the world; provided,
         however, that Consultant may purchase or otherwise acquire up to (but
         not more than) one percent (1%) of any class of securities of any
         enterprise involved in the business of the Company (but without
         otherwise participating in the activities of such enterprise), if such
         securities are listed on any national or regional securities exchange
         or have been registered under Section 12(g) of the Securities Exchange
         Act of 1934;

<PAGE>

                  (ii) during the Post-Agreement Period (as defined below),
         directly or indirectly, engage or invest in, own, manage, operate,
         finance, control, or participate in the ownership, management,
         operation, financing, or control of, be employed by, associated with,
         or in any manner connected with, lend Consultant's name or any similar
         name to, lend Consultant's credit to or render services or advice to,
         any Competing Business in the market areas utilized by the Company,
         Craftmade or any affiliate of the Company or Craftmade on the last day
         this agreement remains in effect, which includes, but is not limited
         to, markets in the United States; provided, however, that Consultant
         may purchase or otherwise acquire up to (but not more than) one percent
         (1%) of any class of securities of any enterprise involved in the
         business of the Company (but without otherwise participating in the
         activities of such enterprise), if such securities are listed on any
         national or regional securities exchange or have been registered under
         Section 12(g) of the Securities Exchange Act of 1934;

                  (iii) whether for Consultant's own account or for the account
         of any other Person, at any time during the Term and the Post-Agreement
         Period, solicit business of the same or similar type and in the same
         market areas of that of the business being carried on by the Company,
         Craftmade or any affiliate of the Company or Craftmade, from any Person
         known by Consultant to be a customer of the Company, Craftmade or any
         affiliate of the Company or Craftmade, whether or not Consultant had
         personal contact with such Person during and by reason of Consultant's
         relationship with the Company;

                  (iv) whether for Consultant's own account or the account of
         any other Person (a) at any time during the Term and the Post-Agreement
         Period, solicit, employ, or otherwise engage as a consultant,
         independent contractor, or otherwise, any Person who is or was an
         employee of the Company, Craftmade or any affiliate of the Company or
         Craftmade at any time during the Term or in any manner induce or
         attempt to induce any employee of the Company, Craftmade or any
         affiliate of the Company or Craftmade to terminate his employment with
         the Company, Craftmade or any affiliate of the Company or Craftmade; or
         (b) at any time during the Term and the Post-Agreement Period,
         interfere with the Company's relationship with any Person, including
         any Person who at any time during the Term was an employee, agent,
         contractor, supplier, or customer of the Company, Craftmade or any
         affiliate of the Company or Craftmade; or

                  (v) at any time during the Term and the Post-Agreement Period,
         disparage the Company, Craftmade, or any of their respective
         interestholders, stockholders, managers, directors, officers,
         employees, or agents.

         Notwithstanding anything herein this Agreement, Consultant may during
the Term and the Post-Term Period engage in the activities described in
subsection 6(b)(i) and (ii) hereof for any Competing Business, provided that
Consultant shall not directly or indirectly sell ceiling fan products that
compete with the products listed on Exhibit "A" hereto, unless Craftmade
expressly consents to such representation. Craftmade may revise Exhibit "A" from
time to time, upon prior notice to

<PAGE>

Consultant. Consultant shall submit to Craftmade a list of companies it
represents (attached hereto as Exhibit "B") and shall update the list at least
quarterly.

         For purposes of this Section 6, the term "Post-Agreement Period" means
two years after the Term.

         If any covenant in this Section 6 is held to be unreasonable,
arbitrary, or against public policy, such covenant will be considered to be
divisible with respect to scope, time, and geographic area, and such lesser
scope, time, or geographic area, or all of them, as a court of competent
jurisdiction may determine to be reasonable, not arbitrary, and not against
public policy, will be effective, binding, and enforceable against the
Consultant.

         The period of time applicable to any covenant in this Section 6 with
respect to Consultant will be extended by the duration of any violation by
Consultant of such covenant.

         Consultant will, while the covenant under this Section 6 is in effect,
give notice to the Company, within ten days after accepting any employment, of
the identity of Consultant's employer. Craftmade or the Company may notify such
employer that Consultant is bound by this Agreement and, at the Company's
election, furnish such employer with a copy of this Agreement or relevant
portions thereof.

         7. Injunctive Relief and Additional Remedy. Consultant acknowledges
that the injury that would be suffered by the Company and Craftmade as a result
of a breach of the provisions of this Agreement (including any provision of
Sections 5 and 6) would be irreparable and that an award of monetary damages to
the Company or Craftmade for such a breach would be an inadequate remedy.
Consequently, the Company and Craftmade will have the right, in addition to any
other rights it may have, to obtain injunctive relief to restrain any breach or
threatened breach or otherwise to specifically enforce any provision of this
Agreement, and the Company and Craftmade will not be obligated to post bond or
other security in seeking such relief.

         8. Covenants of Sections 5 and 6 Are Essential and Independent
Covenants. The covenants by Consultant in Sections 5 and 6 are essential
elements of this Agreement, and without the Consultant's agreement to comply
with such covenants, the Company and Craftmade would not have entered into this
Agreement or the Merger Agreement or obtained the Services of the Consultant.
The Company, Craftmade and Consultant have been advised in all respects
concerning the reasonableness and propriety of such covenants, with specific
regard to the nature of the business conducted by the Company and Craftmade.
Consultant's covenants in each of Section 5 and in Section 6 are independent
covenants and the existence of any claim by Consultant against the Company or
Craftmade under this Agreement or otherwise, will not excuse Consultant's breach
of any covenant in Section 5 or Section 6. This Agreement will continue in full
force and effect as is necessary or appropriate to enforce the covenants and
agreements of Consultant in Sections 5 and 6.

<PAGE>

         9. Representations and Warranties by the Consultant. Consultant
represents and warrants to the Company and to Craftmade that the execution and
delivery by Consultant of this Agreement do not, and the performance by
Consultant of its obligations hereunder will not, with or without the giving of
notice or the passage of time, or both: (a) violate any judgment, writ,
injunction, or order of any court, arbitrator, or governmental agency applicable
to Consultant; or (b) conflict with, result in the breach of any provisions of
or the termination of, or constitute a default under, any agreement to which
Consultant is a party or by which Consultant is or may be bound.

         10. Obligations Contingent on Performance. The obligations of the
Company and Craftmade hereunder, including the Company's obligation to pay the
compensation provided for herein, are contingent upon Consultant's performance
of its obligations hereunder.

         11. Amendment. This Agreement may be amended only by a writing signed
by all parties.

         12. Waiver. A waiver of any clause of this Agreement by either party
shall not be construed as a waiver of any other clause. Neither the failure nor
any delay on the party of either party to exercise any right, remedy, power or
privilege under this Agreement shall operate as a waiver thereof, nor shall any
single or partial exercise of any right, remedy, power or privilege preclude any
other or further exercise of the same or of any right, remedy, power or
privilege, nor shall any waiver of any right, remedy, power or privilege with
respect to any occurrence be construed as a waiver of such right, remedy, power
or privilege with respect to any other occurrence.

         13. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Texas without regard to conflicts of
law principles.

         14. Successors and Assignment. This Agreement shall be binding upon and
shall inure to the benefit of the parties hereto and upon their respective
successors-in-interest and assigns. It is agreed that the Company may assign
this Agreement to a subsidiary of the Company or Craftmade (or a subsidiary of
any affiliate of the Craftmade which is directly or indirectly in a line of
corporate ownership with the Craftmade) now in or hereinafter to come into
existence. If such assignment is made, Consultant agrees to substitute assignee
for the Company and assignee shall succeed to all the rights and privileges of
the Company under this Agreement, provided that no such assignment shall relieve
the Company of its obligations hereunder.

         15. Jurisdiction; Service of Process. Any action or proceeding seeking
to enforce any provision of, or based on any right arising out of, this
Agreement may be brought against any of the parties in the courts of the State
of Texas, County of Dallas, or, if it has or can acquire jurisdiction, in the
United States District Court for the Northern District of Texas, Dallas
Division, and each of the parties consents to the jurisdiction of such courts
(and of the appropriate appellate courts) in any such action or proceeding and
waives any objection to venue laid therein. Process in any action or proceeding
referred to in the preceding sentence may be served on any party anywhere in the
world.

<PAGE>

         16. Severability. If any portion or portions of this Agreement shall,
for any reason, be declared by a court of competent jurisdiction to be invalid
or unenforceable, the remaining portion or portions of this Agreement shall
remain valid and enforceable and shall be carried into effect, unless to do so
would clearly violate the present legal and valid intention of the parties
hereto.

         17. Notices. All notices and other communications hereunder must be
delivered in writing and shall be deemed to have been given if delivered by hand
or mailed by first class, registered mail, return receipt requested, postage and
registered fees prepaid, and addressed as follows:

                  If to the Company:

                           Teiber Lighting Products, Inc.
                           650 South Royal Lane
                           Suite 100
                           P.O. Box #1037
                           Coppell, Texas 75019-1037
                           Attention: Brad D. Heimann

                  If to Craftmade:

                           Craftmade International, Inc.
                           650 South Royal Lane, Suite 100
                           Coppell, Texas  75019
                           Attention:  Brad D. Heimann

                  If to Consultant:

                           Todd Teiber
                           2055 Luna Road, Suite 156
                           Carrollton, TX 75006

         18. Entire Agreement. This Agreement embodies the entire understanding
among the parties hereto respecting the subject matter hereof and no change,
alteration or modification may be made except in writing signed by both parties
hereto.

         19. Legal Fees. If any legal action is brought by either of the parties
hereto, it is expressly agreed that the party in whose favor final judgment
shall be entered shall be entitled to recover from the other party reasonable
attorney's fees in addition to any other relief which may be awarded, including
attorneys fees on appeal.

<PAGE>

         20. Construction. The parties understand and acknowledge that they have
each been represented by (or have had the opportunity to be represented by)
counsel in connection with the preparation, execution and delivery of this
Agreement. This Agreement shall not be construed against any party for having
drafted it.

         21. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original, but all of which
shall together constitute one and the same Agreement.

                                      *****

<PAGE>

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

                                    TEIBER LIGHTING PRODUCTS, INC.

                                    By:     /s/ James R. Ridings
                                       -----------------------------------------
                                    Name:  James R. Ridings
                                    Title: Chairman of the Board, President and
                                           Chief Executive Officer

                                    CRAFTMADE INTERNATIONAL, INC.

                                    By:      /s/ James R. Ridings
                                       -----------------------------------------
                                    Name:  James R. Ridings
                                    Title: Chairman of the Board, President and
                                           Chief Executive Officer

                                    /s/ Todd Teiber
                                    --------------------------------------------
                                    Todd Teiber

<PAGE>

                                    EXHIBIT A

                                LIST OF PRODUCTS

                             CRAFTMADE CEILING FANS

                              CRAFTMADE LIGHT KITS

                              CRAFTMADE ACCESSORIES

                        CRAFTMADE UNDER-CABINET LIGHTING

                             ACCOLADE BATH LIGHTING

                            ACCOLADE OUTDOOR LIGHTING

                                 ACCOLADE LAMPS

                                   FLUSHMOUNTS

                               TEIBER LIGHT BULBS

                                   LIGHT BULBS

                                   DOOR CHIMES

                              VENTILATION PRODUCTS

                                 SMOKE DETECTORS

                             TEIBER OUTDOOR LIGHTING

<PAGE>

                                    EXHIBIT B

                   LIST OF COMPANIES REPRESENTED BY CONSULTANT

                        AMERICAN FLUORESCENT CORPORATION

                             CRAFTMADE INTERNATIONAL

                                HINKLEY LIGHTING

                                 KALCO LIGHTING

                           SEA GULL LIGHTING PRODUCTS

                            TEIBER LIGHTING PRODUCTS

                             WEINSTOCK LAMP COMPANY

                                  DOLAN DESIGNS

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