Exhibit 10.1 AGREEMENT AND PLAN OF MERGER BY AND AMONG CRAFTMADE INTERNATIONAL, INC. BILL TEIBER CO., INC. TEIBER LIGHTING PRODUCTS, INC. TODD TEIBER AND EDWARD OBERSTEIN MARCH 1, 2005 TABLE OF CONTENTSMerger Agreement • March 7th, 2005 • Craftmade International Inc • Wholesale-electrical appliances, tv & radio sets • Delaware
AGREEMENT AND PLAN OF MERGER This Agreement and Plan of Merger ("Agreement") is made as of March 1, 2005, by and among Craftmade International, Inc., a Delaware corporation ("Buyer"), Teiber Lighting Products, Inc., a Delaware corporation ("Subsidiary"), Bill Teiber Co., Inc., a Texas corporation (the "Company"), Todd Teiber ("Teiber") and Edward Oberstein ("Oberstein") (Teiber and Oberstein are collectively referred to herein as the "Sellers"). RECITALS WHEREAS, the Sellers are the record and beneficial owners of all of the issued and outstanding shares of capital stock of the Company; and WHEREAS, Buyer wishes to acquire all of the outstanding capital stock of the Company for common stock of Buyer through a merger of the Company with and into the Subsidiary. NOW, THEREFORE, in consideration of the premises, mutual covenants and agreements set forth and for other good and valuable consideration, the adequacy, sufficiency and receipt of which are hereby acknowledged, the parties agree
RECITALSConsulting Agreement • March 7th, 2005 • Craftmade International Inc • Wholesale-electrical appliances, tv & radio sets • Texas
RECITALSEmployment Agreement • March 7th, 2005 • Craftmade International Inc • Wholesale-electrical appliances, tv & radio sets • Texas
RECITALSAgreement for the Purchase and Sale of Personal Goodwill • March 7th, 2005 • Craftmade International Inc • Wholesale-electrical appliances, tv & radio sets • Delaware
