On March 13, 2009, Meade Instruments Corp. ("the Company") and Steven G. Murdock, the Company's Chief Executive Officer, entered into a Nonqualified Stock Option Agreement pursuant to which, among other matters, the Company granted Mr. Murdock the right and option to purchase all or any part of an aggregate of 500,000 shares of the Common Stock, at the price of $0.22 per share, subject to the terms and conditions of the Company's 2008 Stock Incentive Plan and to certain provisions outlined in the Nonqualified Stock Option Agreement.

In addition to the Nonqualified Stock Option Agreement referenced above, on March 13, 2009, the Company and Mr. Murdock entered into a Stand-Alone Stock Option Agreement, pursuant to which, among other matters, the Company granted Mr. Murdock the right and option to purchase all or any part of an aggregate of 750,000 shares of the Company's Common Stock, at the price of $0.22 per share, subject to stockholder approval at the Company's 2009 Annual Meeting of Stockholders and to certain provisions outlined in the Stand-Alone Stock Option Agreement. Each of these options vests in four equal installments on each of May 5, 2009, August 5, 2009, November 5, 2009 and February 5, 2010, and is accelerated on a change of control of the Company and other events.

The foregoing description of the Nonqualified Stock Option Agreement and the Stand-Alone Stock Option Agreement are not complete and are qualified in their entirety to the agreements attached hereto as Exhibit 10.126 and Exhibit 10.127, respectively, and incorporated herein by reference.

(d) Exhibits

The following exhibits are being furnished herewith:

Exhibit No.                        Exhibit Title or Description

  10.126       Nonqualified Stock Option Agreement, dated as of March 13, 2009, by
               and between Meade Instruments Corp. and Steven G. Murdock.

  10.127       Stand-Alone Stock Option Agreement, dated as of March 13, 2009, by
               and between Meade Instruments Corp. and Steven G. Murdock.