Craftmade Letterhead]
Exhibit 99.2
[Craftmade Letterhead]
July 1, 2008
Xx. Xxxxxxx X. Xxxxx
1912 County Xxxx 0000
Xxxxxxxx, Xxxxx 00000
1912 County Xxxx 0000
Xxxxxxxx, Xxxxx 00000
Dear Xxxx:
Reference is made to that letter agreement dated February 5, 2008 (the “Consulting Agreement”)
between you and Craftmade International, Inc. (the “Company”).
Section 2 of the Consulting Agreement shall be amended in its entirety to read as follows:
“2. Term. This Agreement shall be effective as of February 1, 2008 and shall continue
until June 30, 2008. As of June 30, 2008, this Agreement shall continue at the discretion of the
Board, as determined by the Board at each successive regular Board meeting. This Agreement may be
terminated for any reason or no reason upon 30 days’ written notice by either party hereto.”
Section 4 of the Consulting Agreement shall be amended in its entirety to read as follows:
“4. Director Status. As stated in the preamble to the Consulting Agreement, the Board
requested you to provide consulting services to the Company to assist the Company through various
important transitions. The Board hereby clarifies that the performance of your duties under the
Consulting Agreement are directly related to your service as a member of the Board. Accordingly,
the Board hereby acknowledges that your service pursuant to the Consulting Agreement will not
preclude a finding by the Board that you are an “independent” director according to the standards
set forth in the NASDAQ Marketplace Rules. The Board further clarifies that your independence has
not been compromised as a result of your performance of services under the Consulting Agreement and
that you may serve as a member of the Company’s Nominating Corporate Governance, Audit Committee,
Compensation Committee and Qualified Legal Compliance Committee.”
Defined terms used herein shall have the same meanings ascribed to them in the Consulting
Agreement.
[Remainder of page intentionally left blank]
Please indicate your acceptance of the above terms and conditions by signing and returning the
enclosed copy of this Amendment to the Consulting Agreement as soon as possible.
| Sincerely, |
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| /s/ X. Xxxxxx Xxxxxxxx, | ||||
| Craftmade International, Inc. | ||||
Agreed as of July 1, 2008
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/s/ Xxxxxxx X. Xxxxx
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