On November 15, 2008, as approved by the Compensation Committee of the Board of Directors, Meade Instruments Corp. ("Meade" or the "Company") entered into First Amendments to the Executive Retention Agreements (collectively, the "Agreements," and each ("Agreement") dated January 10, 2008 with each of the Company's two executive officers; specifically, Mr. Steven L. Muellner, the Company's President and Chief Executive Officer and Mr. Paul E. Ross, the Company's Senior Vice President - Finance and Chief Financial Officer (collectively, the "Executives," and each an "Executive"). The Amendment extends the terms of the Agreements through March 31, 2009.

A copy of the First Amendments to the Executive Retention Agreements between the Company and Messrs. Muellner and Ross, are attached hereto as Exhibits 10.114 and 10.115, respectively, and are incorporated herein by reference.

(d) Exhibits.

Exhibit No.                        Exhibit Title or Description

  10.114      First Amendment to the Executive Retention Agreement, dated as of
              November 15, 2008, by and between the Company and Mr. Steven L.
              Muellner.

  10.115      First Amendment to the Executive Retention Agreement, dated as of
              November 15, 2008, by and between the Company and Mr. Paul E. Ross.