diff --git a/utils/lvm2/Makefile b/utils/lvm2/Makefile
index 2bc8c9231..1a2af874b 100644
--- a/utils/lvm2/Makefile
+++ b/utils/lvm2/Makefile
@@ -9,13 +9,13 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=LVM2
-PKG_VERSION:=2.02.122
+PKG_VERSION:=2.02.124
 PKG_RELEASE:=1
 PKG_LICENSE:=GPL-2.0 LGPL-2.1
 
 PKG_SOURCE:=$(PKG_NAME).$(PKG_VERSION).tgz
 PKG_SOURCE_URL:=ftp://sources.redhat.com/pub/lvm2
-PKG_MD5SUM:=a88bf7d68955635d009a5aec1ffecc48
+PKG_MD5SUM:=da8d81a6a2ea235025795d9e001a6ae3
 PKG_MAINTAINER:=Daniel Golle <daniel@makrotopia.org>
 PKG_BUILD_DIR:=$(BUILD_DIR)/$(PKG_NAME).$(PKG_VERSION)
 
@@ -74,10 +74,14 @@ endef
 
 define Package/lvm2/install
 	$(INSTALL_DIR) $(1)/sbin
-	$(INSTALL_BIN) $(PKG_BUILD_DIR)/tools/lvm $(1)/sbin
+	$(INSTALL_BIN) $(PKG_INSTALL_DIR)/usr/sbin/lvm $(1)/sbin
+	$(INSTALL_BIN) $(PKG_INSTALL_DIR)/usr/sbin/dmsetup $(1)/sbin
 	$(INSTALL_DIR) $(1)/etc/lvm
-	$(SED) '/^[[:space:]]*\(#\|$$$$\)/d; /cache_dir/s@.*@    cache_dir = "/tmp/lvm/cache"@' $(PKG_BUILD_DIR)/conf/example.conf
-	$(INSTALL_CONF) $(PKG_BUILD_DIR)/conf/example.conf $(1)/etc/lvm/lvm.conf
+	$(SED) '/^[[:space:]]*\(#\|$$$$\)/d; /cache_dir/s@.*@	cache_dir = "/tmp/lvm/cache"@' $(PKG_INSTALL_DIR)/etc/lvm/lvm.conf
+	$(INSTALL_CONF) $(PKG_INSTALL_DIR)/etc/lvm/lvm.conf $(1)/etc/lvm/
+	$(INSTALL_CONF) $(PKG_INSTALL_DIR)/etc/lvm/lvmlocal.conf $(1)/etc/lvm/
+	$(INSTALL_DIR) $(1)/etc/lvm/profile
+	$(INSTALL_CONF) $(PKG_INSTALL_DIR)/etc/lvm/profile/* $(1)/etc/lvm/profile/
 	$(INSTALL_DIR) $(1)/etc/init.d
 	$(INSTALL_BIN) ./files/lvm2.init $(1)/etc/init.d/lvm2
 	$(FIND) $(PKG_INSTALL_DIR)/usr/sbin/ -type l -exec $(CP) -a {} $(1)/sbin/ \;
diff --git a/utils/lvm2/patches/002-const-stdio.patch b/utils/lvm2/patches/002-const-stdio.patch
index e7625b6c6..b8fae3163 100644
--- a/utils/lvm2/patches/002-const-stdio.patch
+++ b/utils/lvm2/patches/002-const-stdio.patch
@@ -1,6 +1,6 @@
 --- a/lib/commands/toolcontext.c
 +++ b/lib/commands/toolcontext.c
-@@ -1637,8 +1637,10 @@ struct cmd_context *create_toolcontext(u
+@@ -1690,8 +1690,10 @@ struct cmd_context *create_toolcontext(u
  				       unsigned threaded)
  {
  	struct cmd_context *cmd;
@@ -11,7 +11,7 @@
  
  #ifdef M_MMAP_MAX
  	mallopt(M_MMAP_MAX, 0);
-@@ -1674,7 +1676,7 @@ struct cmd_context *create_toolcontext(u
+@@ -1727,7 +1729,7 @@ struct cmd_context *create_toolcontext(u
  	/* FIXME Make this configurable? */
  	reset_lvm_errno(1);
  
@@ -20,7 +20,7 @@
  	/* Set in/out stream buffering before glibc */
  	if (set_buffering) {
  		/* Allocate 2 buffers */
-@@ -2047,7 +2049,7 @@ void destroy_toolcontext(struct cmd_cont
+@@ -2100,7 +2102,7 @@ void destroy_toolcontext(struct cmd_cont
  	if (cmd->libmem)
  		dm_pool_destroy(cmd->libmem);
  
@@ -31,7 +31,7 @@
  		if (is_valid_fd(STDIN_FILENO) &&
 --- a/tools/lvmcmdline.c
 +++ b/tools/lvmcmdline.c
-@@ -1635,6 +1635,7 @@ int lvm_split(char *str, int *argc, char
+@@ -1688,6 +1688,7 @@ int lvm_split(char *str, int *argc, char
  /* Make sure we have always valid filedescriptors 0,1,2 */
  static int _check_standard_fds(void)
  {
@@ -39,7 +39,7 @@
  	int err = is_valid_fd(STDERR_FILENO);
  
  	if (!is_valid_fd(STDIN_FILENO) &&
-@@ -1661,6 +1662,12 @@ static int _check_standard_fds(void)
+@@ -1714,6 +1715,12 @@ static int _check_standard_fds(void)
  		       strerror(errno));
  		return 0;
  	}