Document:

f8k011108ex4b_eastern.htm

    THE
      UNITS SUBSCRIBED FOR BY THIS AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND TRANSFER
      OF THE INTERESTS IS RESTRICTED AS A RESULT THEREOF, AND ALSO BY THE TERMS OF
      THIS AGREEMENT

     

    SUBSCRIPTION
      AGREEMENT

     

     

    Name
      of
      Subscriber EQUITIES MEDIA ACQUISTION CORP INC.

     

    Meade
      Technologies, Inc.

    455
      Broadway

    4th
      Floor

    New
      York,
      New York 10012

     

    Ladies
      and Gentlemen:

     

    1. Subscription.  I
      (sometimes referred to herein as the “Investor”) hereby subscribe for and agree
      to purchase 10 Unit(s) (as
      defined below) of Meade Technologies, Inc, a Delaware corporation (the
“Company”), on the terms and conditions described herein and in the term sheet
      dated November 12, 2007 (“Term Sheet”) and draft Private Placement Memorandum
      prepared for the Private Placement described below (collectively, the “Offering
      Documents”), together with all supplements, if any, relating to this
      Offering.  Terms not defined herein are as defined in the Offering
      Documents.  The purchase price per Unit is $1,000,000.  The
      Offering is $10,000,000, or 10 Units.

     

    By
      execution of this Subscription Agreement the Investor accepts the terms of
      the
      Term Sheet and acknowledges the terms and conditions thereof.

     

    THE
      AGGREGATE AMOUNT SUBSCRIBED FOR HEREBY IS $10,000,000.

     

    2. Description
      of Units.  Each Unit consists of (i) 250,000 shares of Series A
      Preferred Stock (“Preferred Stock”) and (ii) 500,000 shares of common stock
      ("Common Stock") of the Company.  The Preferred Stock and Common Stock
      are herein called the Bridge Securities.  Following the completion of
      the sale of Bridge Securities pursuant to this Subscription Agreement, the
      Company intends to conduct a private placement (the “Private Placement”) of its
      common stock in the approximate amount of $30,000,000; although the Company
      can
      not provide any assurances that the Private Placement will be
      completed.  The proceeds of the Offering will be placed in a
      segregated, non-interest bearing escrow account described below, until
      subscriptions are received and accepted by the Company for the Offering, at
      which time the Closing (as defined below) will occur.  The offering
      will continue until all 10 Units have been sold or the Company determines to
      close the offering, but in any event the offering will close no later than
      the
      Termination Date, (as defined below).  If subscriptions for the
      Offering are not received and accepted by the Company on or prior to the
      Termination Date, the offering will not close and all investors’ funds will be
      returned without interest or deduction.

     

    3. Purchase.

     

    (a) I
      hereby
      tender to the Company cash or a check or wire transfer (information to be
      provided to me on my request) made payable to Meade Technologies, Inc. in the
      amount indicated above, an executed copy of this Subscription Agreement and
      an
      executed copy of my Investor Questionnaire.

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

     

    (b) This
      offering will continue until the earlier of (a) the sale of 10 Units or (b)
      November 30, 2007 (the “Termination Date”).  Payments delivered
      herewith will be held in an escrow account subject to the terms and conditions
      herein.  Upon the earlier of a closing for my subscription or
      completion of the offering, I will be notified promptly by the Company as to
      whether my subscription has been accepted by the Company.

     

    4. Acceptance
      or Rejection of
      Subscription.

     

    (a) I
      understand and agree that the Company reserves the right to reject this
      subscription for the Units, in whole or in part, for any reason and at any
      time
      prior to the Closing, notwithstanding prior receipt by me of notice of
      acceptance of my subscription.

     

    (b) In
      the
      event of the rejection of this subscription, my subscription payment will be
      promptly returned to me without interest or deduction and this Subscription
      Agreement shall have no force or effect.  In the event my subscription
      is accepted and the offering is completed, the funds specified above shall
      be
      released to the Company.

     

    5. Closing.  The
      closing (“Closing”) of this offering may occur any time and from time to time
      before the Termination Date.  If subscriptions for all 10 Units are
      not received and accepted by the Company on or prior to the Termination Date,
      the Offering will not close and all investors’ funds will be returned without
      interest or deduction.  The Units subscribed for herein shall not be
      deemed issued to or owned by me until one copy of this Subscription Agreement
      has been executed by me and countersigned by the Company and the Closing with
      respect to such Units has occurred.

     

    6. Disclosure.  Because
      this offering is limited to accredited investors as defined in Section 2(15)
      of
      the Act, and Rule 501 promulgated thereunder, in reliance upon the exemption
      contained in Section 4(2) of the Act and applicable state securities laws,
      the
      Units are being sold without registration under the Act.  I
      acknowledge receipt of the Offering Documents and all related documents and
      represent that I have carefully reviewed and understand the Offering Documents
      and its exhibits.  I have received all information and materials
      regarding the Company that I have requested.  I fully understand that
      the Company has a limited financial and operating history and that the Units
      are
      speculative investments, which involve a high degree of risk of the loss of
      my
      entire investment.  I fully understand the nature of the risks
      involved in purchasing the Units and I am qualified by my knowledge and
      experience to evaluate investments of this type.  I have carefully
      considered the potential risks relating to the Company and purchase of its
      Units
      and have, in particular, reviewed each of the risks set forth in the Offering
      Documents.  Both my advisors and I have had the opportunity to ask
      questions of and receive answers from representatives of the Company or persons
      acting on its behalf concerning the Company and the terms and conditions of
      a
      proposed investment in the Company and my advisors and I have also had the
      opportunity to obtain additional information necessary to verify the accuracy
      of
      information furnished about the Company.  Accordingly, I have
      independently evaluated the risks of purchasing the Units.

     

    7. Investor
      Representations and Warranties.  I acknowledge, represent and
      warrant to, and agree with, the Company as follows:

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

     

    (a) I
      am
      aware that my investment involves a high degree of risk as disclosed in the
      Offering Documents and have read carefully the Offering Documents and I
      understand that by signing this Subscription Agreement I am agreeing to be
      bound
      by all of the terms and conditions of the Term Sheet and Preferred Stock which
      are included in the Offering Documents, and my signature on this Subscription
      Agreement is deemed to be a signature on the Term Sheet.

     

    (b) I
      acknowledge and am aware that there is no assurance as to the future performance
      of the Company.

     

    (c) I
      acknowledge that there may be certain adverse tax consequences to me in
      connection with my purchase of Units, and the Company has advised me to seek
      the
      advice of experts in such areas prior to making this investment.

     

    (d) I
      am
      purchasing the Units for my own account for investment purposes and not with
      a
      view to or for sale in connection with the distribution of the Units, the
      Preferred Stock, or the Common Stock, nor with any present intention of selling
      or otherwise disposing of all or any part of the foregoing
      securities.  I agree that I must bear the entire economic risk of my
      investment for an indefinite period of time because, among other reasons, the
      Units have not been registered under the Securities Act or under the securities
      laws of any state and, therefore, cannot be resold, pledged, assigned or
      otherwise disposed of unless they are subsequently registered under the
      Securities Act and under applicable securities laws of certain states or an
      exemption from such registration is available.  Furthermore, I hereby
      acknowledge and agree that I will not sell, transfer, pledge, encumber, give
      or
      otherwise dispose of, either publicly or privately, the Units, the Preferred
      Stock, or the Common Stock.  I hereby authorize the Company to place a
      legend denoting the restrictions on the Units that may be issued to me, as
      well
      as the Preferred Stock and Common Stock.

     

    (e) Except
      as
      described in my Investor Questionnaire, I am not a member of the National
      Association of Securities Dealers, Inc. (“NASD”); I am not and have not, for a
      period of 12 months prior to the date of this Subscription Agreement, been
      affiliated or associated with any company, firm, or other entity which is a
      member of the NASD; and I do not own any stock or other interest in any member
      of the NASD (other than interests acquired in open market
      purchases).

     

    (f) I
      recognize that the Units, as an investment, involve a high degree of risk
      including, but not limited to, the risk of economic losses from operations
      of
      the Company and the total loss of my investment.  I believe that the
      investment in the Units is suitable for me based upon my investment objectives
      and financial needs, and I have adequate means for providing for my current
      financial needs and contingencies and have no need for liquidity with respect
      to
      my investment in the Company.

     

    (g) I
      have
      been given access to full and complete information regarding the Company and
      have utilized such access to my satisfaction for the purpose of obtaining
      information in addition to, or verifying information included in, the Offering
      Documents and related documents, and I have either met with or been given
      reasonable opportunity to meet with officers of the Company for the purpose
      of
      asking questions of, and receiving answers from, such officers concerning the
      terms and conditions of the offering of the Units and the business and
      operations of the Company and to obtain any additional information, to the
      extent reasonably available.

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

     

    (h) I
      have
      such knowledge and experience in financial and business matters as to be capable
      of evaluating the merits and risks of an investment in the Units and have
      obtained, in my judgment, sufficient information from the Company to evaluate
      the merits and risks of an investment in the Company.  I have not
      utilized any person as my purchaser representative as defined in Regulation
      D
      under the Securities Act in connection with evaluating such merits and
      risks.

     

    (i) I
      have
      relied solely upon my own investigation in making a decision to invest in the
      Company.

     

    (j) I
      have
      received no representation or warranty from the Company or any of its officers,
      directors, employees or agents in respect of my investment in the Company and
      I
      have received no information (written or otherwise) from them relating to the
      Company or its business other than as set forth in the Offering
      Documents.  I am not participating in the offer as a result of or
      subsequent to: (i) any advertisement, article, notice or other communication
      published in any newspaper, magazine or similar media or broadcast over
      television or radio or (ii) any seminar or meeting whose attendees have been
      invited by any general solicitation or general advertising.

     

    (k) I
      have
      had full opportunity to ask questions and to receive satisfactory answers
      concerning the offering and other matters pertaining to my investment and all
      such questions have been answered to my full satisfaction.

     

    (l) I
      have
      been provided an opportunity to obtain any additional information concerning
      the
      offering and the Company and all other information to the extent the Company
      possesses such information or can acquire it without unreasonable effort or
      expense.

     

    (m) I
      am an
“accredited investor” as defined in Section 2(15) of the Securities Act and in
      Rule 501 promulgated thereunder and have attached the completed Accredited
      Investor Questionnaire to indicate my “accredited investor”
category.  I can bear the entire economic risk of the investment in
      the Units for an indefinite period of time and I am knowledgeable about and
      experienced in investments in the equity securities of non-publicly traded
      companies, including early stage companies.  I am acquiring the Units
      for my own account for investment purposes only and not with a view to the
      resale or distribution of such securities within the meaning of the Securities
      Act of 1933, as amended.  I am not acting as an underwriter or a
      conduit for sale to the public or to others of unregistered securities, directly
      or indirectly, on behalf of the Company or any person with respect to such
      securities.

     

    (n) I
      understand that (1) the Units and the underlying securities have not been
      registered under the Securities Act, or the securities laws of certain states
      in
      reliance on specific exemptions from registration, (2) no securities
      administrator of any state or the federal government has recommended or endorsed
      this offering or made any finding or determination relating to the fairness
      of
      an investment in the Company and (3) the Company is relying on my
      representations and agreements for the purpose of determining whether this
      transaction meets the requirements of the exemptions afforded by the Securities
      Act and certain state securities laws.

     

    (o) I
      understand that (1) since neither the offer nor sale of the Units has been
      registered under the Securities Act or the securities laws of any state, the
      Units may not be sold, assigned, pledged or otherwise disposed of unless they
      are so registered or an exemption from such registration is available, and
      (2)
      it is not anticipated that there will be any market for the resale of the
      Units.

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

     

    (p) I
      have
      been urged to seek independent advice from my professional advisors relating
      to
      the suitability of an investment in the Company in view of my overall financial
      needs and with respect to the legal and tax implications of such
      investment.

     

    (q) If
      the
      Investor is a corporation, company, trust, employee benefit plan, individual
      retirement account, Keogh Plan, or other tax-exempt entity, it is authorized
      and
      qualified to become an Investor in the Company and the person signing this
      Subscription Agreement on behalf of such entity has been duly authorized by
      such
      entity to do so.

     

    (r) The
      information contained in my Investor Questionnaire, as well as any information
      which I have furnished to the Company with respect to my financial position
      and
      business experience, is correct and complete as of the date of this Subscription
      Agreement and, if there should be any material change in such information prior
      to the Closing of the offering, I will furnish such revised or corrected
      information to the Company.  I hereby acknowledge and am aware that
      except for any rescission rights that may be provided under applicable laws,
      I
      am not entitled to cancel, terminate or revoke this subscription and any
      agreements made in connection herewith shall survive my death or
      disability.

     

    8. Indemnification.  I
      hereby agree to indemnify and hold harmless the Company and its officers,
      directors, stockholders, employees, agents, and counsel against any and all
      losses, claims, demands, liabilities, and expenses (including reasonable legal
      or other expenses, including reasonable attorneys’ fees) incurred by each such
      person in connection with defending or investigating any such claims or
      liabilities, whether or not resulting in any liability to such person, to which
      any such indemnified party may become subject under the Securities Act, under
      any other statute, at common law or otherwise, insofar as such losses, claims,
      demands, liabilities and expenses (a) arise out of or are based upon any untrue
      statement or alleged untrue statement of a material fact made by me and
      contained in this Subscription Agreement or my Investor Questionnaire, or (b)
      arise out of or are based upon any breach by me of any representation, warranty,
      or agreement made by me contained herein or therein.

     

    9. Severability.  In
      the event any parts of this Subscription Agreement are found to be void, the
      remaining provisions of this Subscription Agreement shall nevertheless be
      binding with the same effect as though the void parts were deleted.

     

    10. Choice
      of
      Law and Jurisdiction.  This Subscription
      Agreement shall be governed by the laws of the State of Florida as applied
      to
      contracts entered into and to be performed entirely within the State of
      Florida.  Any action arising out of this Subscription Agreement shall
      be brought exclusively in a court of competent jurisdiction in Broward County,
      Florida, and the parties hereby irrevocably waive any objections they may have
      to venue in Broward County, Florida.

     

    11. Counterparts.  This
      Subscription
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original but all of which together shall constitute one and the same
      instrument.  The execution of this Subscription Agreement may be by
      actual or facsimile signature.

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

     

    12. Benefit.  This
      Subscription
      Agreement shall be binding upon and inure to the benefit of the parties
      hereto.

     

    13. Notices
      and Addresses.  All notices, offers, acceptance and any other
      acts under this Subscription Agreement (except payment) shall be in writing,
      and
      shall be sufficiently given if delivered to the addresses in person, by Federal
      Express or similar courier delivery or by facsimile delivery, as
      follows:

     

    Investor:                                                At
      the address designated on the signature

    page
      of this Subscription
      Agreement.

     

    The
      Company:                                      Meade
      Technologies, Inc.

    455
      Broadway

    4th
      Floor

    New
      York, New York 10012

    fax:
      305-520-0324

     

    or
      to
      such other address as any of them, by notice to the others may designate from
      time to time.  The transmission confirmation receipt from the sender’s
      facsimile machine shall be conclusive evidence of successful facsimile
      delivery.  Time shall be counted to, or from, as the case may be, the
      delivery in person or by mailing.

    

    14. Entire
      Agreement.  This Subscription Agreement constitutes the entire
      agreement between the parties with respect to the subject matter hereof and
      supersedes all prior oral and written agreements between the parties hereto
      with
      respect to the subject matter hereof.  This Subscription Agreement may
      not be changed, waived, discharged, or terminated orally but, rather, only
      by a
      statement in writing signed by the party or parties against which enforcement
      or
      the change, waiver, discharge or termination is sought.

     

    15. Section
      Headings.  Section headings herein have been inserted for
      reference only and shall not be deemed to limit or otherwise affect, in any
      matter, or be deemed to interpret in whole or in part, any of the terms or
      provisions of this Subscription Agreement.

     

    16. Survival
      of Representations, Warranties and Agreements.  The
      representations, warranties and agreements contained herein shall survive the
      delivery of, and the payment for, the Units.

     

    17. Acceptance
      of Subscription.  The Company may accept this Subscription
      Agreement at any time for all or any portion of the Units subscribed for by
      executing a copy hereof as provided and notifying me within a reasonable time
      thereafter.

     

    18. Inconsistencies.  If
      there are any
      inconsistencies between this Agreement and the Term Sheet, the terms of the
      Term
      Sheet shall govern.

     

    RESIDENTS
      OF ALL
      STATES: THE UNITS OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR
      OTHER
      JURISDICTION AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM
      THE
      REGISTRATION REQUIREMENTS OF SAID ACT AND SUCH LAWS.  THE UNITS ARE
      SUBJECT TO REGISTRATIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE
      TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SAID ACT AND SUCH LAWS PURSUANT
      TO REGISTRATION OR EXEMPTION THEREFROM.  INVESTORS SHOULD BE AWARE
      THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR
      AN
      INDEFINITE PERIOD OF TIME.  THE UNITS HAVE NOT BEEN APPROVED OR
      DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES
      COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING
      AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY
      OR ADEQUACY OF THE OFFERING DOCUMENTS.  ANY REPRESENTATION TO THE
      CONTRARY IS UNLAWFUL.

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

     

    RESIDENTS
      OF
      FLORIDA:  EACH FLORIDA RESIDENT WHO SUBSCRIBES FOR THE PURCHASE
      OF SECURITIES HEREIN HAS THE RIGHT, PURSUANT TO SECTION 517.061(11)(A)(5) OF
      THE
      FLORIDA SECURITIES ACT, TO WITHDRAW HIS SUBSCRIPTION FOR THE PURCHASE AND
      RECEIVE A FULL REFUND OF ALL MONIES PAID WITHIN THREE BUSINESS DAYS AFTER THE
      EXECUTION OF THE SUBSCRIPTION AGREEMENT OR PAYMENT FOR THE PURCHASE HAS BEEN
      MADE, WHICHEVER IS LATER.  WITHDRAWAL WILL BE WITHOUT ANY FURTHER
      LIABILITY TO ANY PERSON.  TO ACCOMPLISH THIS WITHDRAWAL, A SUBSCRIBER
      NEED ONLY SEND A LETTER OR TELEGRAM TO THE COMPANY AT THE ADDRESS SET FORTH
      IN
      THIS CONFIDENTIAL TERM SHEET INDICATING HIS INTENTION TO WITHDRAW.

     

    SUCH
      LETTER OR TELEGRAM SHOULD BE SET AND POSTMARKED PRIOR TO THE END OF THE
      AFOREMENTIONED THIRD BUSINESS DAY.  IT IS ADVISABLE TO SEND SUCH
      LETTER BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO ENSURE THAT IT IS
      RECEIVED AND ALSO TO EVIDENCE THE TIME IT WAS MAILED.  IF THE REQUEST
      IS MADE ORALLY, IN PERSON OR BY TELEPHONE TO AN OFFICER OF THE COMPANY, A
      WRITTEN CONFIRMATION THAT THE REQUEST HAS BEEN RECEIVED SHOULD BE
      REQUESTED.

     

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

     

    Manner
      in
      Which Title is to be Held.  (check one)

    

    —           
      Individual Ownership

    —           
      Community Property

    —           
      Joint Tenant with Right of Survivorship (both parties must sign)

    —           
      Partnership

    —           
      Tenants in common

    —           
      Corporation Trust

    —           
      IRA or Keogh

    
      X           
        Other (please indicate) Company

       

    

    
      
        	
                 

              	Dated:
                November 12,
                2007
	 	 
	 	 
	
                INDIVIDUAL
                  INVESTORS

              	
                ENTITY
                  INVESTORS

              
	                                                                         
                	Name
                of entity, if any
	
                 

              	
                EQUITIES
                  MEDIA ACQUISTION CORP
                  INC

              
	                                                                          	 
	
                Signature
                  (Individual)

              	
                By:  /s/Arne
                  Van Roon

              
	 	             
                *Signature
	                                                                          	Its:    
                Arne
                Van
                Roon
	Signature
                (Joint)	Title: 
                Director
	(all
                record holders must sign)	 
	
                 

              	 
	
                                                                                          

              	
                
                  Arne
                    Van
                    Roon             
                    

                

              
	Name(s)
                Typed or Printed	Name
                Typed or Printed
	 	 
	 	 
	
                
                  Address
                    to Which Correspondence 
                    Should
                      be Directed

                  

                

              	
                
                  Address
                    to Which Correspondence 
                    Should
                      be Directed

                  

                

              
	 	 
	                                                                          	
                World
                  Trade
                  Centre

              
	                                                                          	
                Lugano-Agno

              
	
                
                                                                                            

                

              	
                Switzerland

              
	City,
                State and Zip Code	City,
                State and Zip Code
	 	 
	N/A                                                                     	                                                                         
	Tax
                Identification or 
                
                  Social
                    Security Number

                

              	Tax
                Identification or 
                
                  Social
                    Security Number

                

              
	 	 

      

       

    

    *      
      If Units are being subscribed
      for by any entity, the Certificate of Signatory on the next page must also
      be
      completed

    

    The
      foregoing subscription is accepted and the Company hereby agrees to be bound
      by
      its terms on 5th day
      of November, 2007.

     

    MEADE
      TECHNOLOGIES, INC.

    Dated: 11/5/2007

     

    By: /s/Darren
      Rennick

    Name:
Darren
      Rennick

    Its:
      President

     

     

                                                                                                  

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
 

    

    CERTIFICATE
      OF SIGNATORY

     

    (To
      be
      completed if Units are being subscribed for by an entity)

    

    I,     
Arne
      Van
      Roon           ,
      the    Director       of 
      Equities
      Media Acquisition Corp
      Inc. (“Entity”), a Company

         
      (name
      of
      signatory)                    (title)                           
      (name of
      entity)                                           (type
      of entity)

    hereby
      certify that I am empowered and duly authorized by the Entity to execute the
      Subscription Agreement and to purchase the Units, and certify further that
      the
      Subscription Agreement has been duly and validly executed on behalf of the
      Entity and constitutes a legal and binding obligation of the
      Entity.

    

    IN
      WITNESS WHEREOF, I have set my hand this 12th day of November,
      2007.

     

     

    /s/Arne
      Van Roon

    

    (Signature)

     

     

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

     

     

    ACCREDITED
      INVESTOR QUESTIONNAIRE

     

    Purpose
      of this Questionnaire

     

    The
      Units
      (the “Units”) of Meade Technologies, Inc., a Delaware corporation (the
“Company”), (i) 250,000 shares of Series A Preferred Stock and (ii) 500,000
      shares of common stock of the Company are being offered under the Securities
      Act
      of 1933, as amended (the “1933 Act”), or the securities laws of any state, in
      reliance on the exemptions contained in Sections 4(2) and 4(6) and Regulation
      D
      Rule 506 of the 1933 Act and on similar exemptions under applicable state laws.
      Under Sections 4(2) and 4(6) and Regulation D Rule 506 and/or certain state
      laws, the Company may be required to determine that an individual, or an
      individual together with a “purchaser representative” or each individual equity
      owner of an investing entity meets certain suitability requirements before
      selling the Units to such individual or entity.  THE COMPANY MAY, AT
      ITS ELECTION, NOT SELL UNITS TO A SUBSCRIBER WHO HAS NOT COMPLETELY FILLED
      OUT
      THIS QUESTIONNAIRE.  This Questionnaire does not constitute an offer
      to sell or a solicitation of an offer to buy the Units or any other
      security.

     

    Instructions

     

    One
      (1)
      copy of this Questionnaire should be completed, signed, dated, and delivered
      to
      Meade Technologies, Inc.; Attn: Secretary, 455 Broadway, 4th Floor, New York,
      New York 10012.

     

    Please
      Answer All Questions

     

    If
      the
      appropriate answer is “None” or “Not Applicable,” so state.  Please
      print or type your answers to all questions.  Attach additional sheets
      if necessary to complete your answers to any item.

     

    Your
      answers will be kept strictly confidential at all times; however, the Company
      may present this Questionnaire to such parties as it deems appropriate,
      including its counsel, in order to assure itself that the offer and sale of
      the
      Units will not result in a violation of the registration provisions of the
      1933
      Act or a violation of the securities laws of any state.

     

    (1)           
      Please provide the following personal information:

     

    Name:  Arne
      van
      Roon                                              
Age:                                                               

     

    Residence
      Address

    (including
      zip code):  World
      Trade
      Centre Lugano-Agno Switzerland

     

    Telephone
      Numbers:

     

    Residence:                                                                  Business:                                                                
      

     

    Email
      Address:                                                                    
Cell Phone:                                                                
      

     

    (2)           
      Please describe your present or most recent business or occupation and indicate
      such information as the nature of your employment, the principal business of
      your employer, the principal activities under your management or supervision,
      and the scope (e.g., dollar volume, industry rank, etc.) of such
      activities.

     

                                                                                                                                                                        
 

     

                                                                                                                                                                        
 

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

     

     (3)           
      Please provide the following information concerning your financial
      experience.

     

    3.1           
      Indicate by check mark which of the following categories best describes the
      extent of your prior experience in the areas of investment listed
      below:

     

    
      
        	 	
                Substantial

                Experience

              	
                Limited

                Experience

              	
                No

                Experience

              
	
                Marketable
                  Securities

              	
                X

              	 	 
	
                Private
                  Placements

              	
                X

              	 	 
	
                Limited
                  Partnerships

              	 	
                X

              	 
	
                Initial
                  Public Offering

              	 	
                X

              	 

      

    

     

    3.2           
      Indicate by check mark whether or not you maintain any of the following types
      of
      accounts over which you, rather than a third party, exercise investment
      discretion, and the length of time you have maintained each type of
      account.

     

    Securities
      (cash)                                           
Yes    
X                        No
      _____

     

    Number
      of
      years                                                       20   

     

    Securities
      (margin)                                         Yes    
X                        No
      _____

     

    Number
      of
      years                                                       20   

     

    (4)           
      I am an accredited investor (as defined in Rule 501 (a) of Reg. D) because
      (check each appropriate description):

     

            —  I
      am a
      natural person whose individual net worth, or joint net worth with my spouse,
      exceeds $1,000,000. 

     

            —  I
      am a natural
      person who had individual income exceeding $200,000 in each of the two most
      recent years or joint income with my spouse exceeding $300,000 in each of those
      years and I have a reasonable expectation of reaching the same income level
      in
      the current year. 

     

            —  I
      am a
      broker-dealer registered pursuant to Section 15 of the Securities Exchange
      Act
      of 1934. 

     

            —  I
      am an organization
      described in Section 501(c)(3) of the Internal Revenue Code, not formed for
      the
      specific purpose of acquiring the Units, with total assets exceeding $5,000,000.
      

     

            —  I
      am a corporation,
      Massachusetts or similar business trust or partnership, not formed for the
      specific purpose of acquiring the Units, with total assets exceeding $5,000,000.
      

     

     

     

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
              —  I
        am a trust, not
        formed for the specific purpose of acquiring the Units, with total assets
        exceeding $5,000,000 and whose purchase is directed by a “sophisticated person,”
as defined in Rule 506(b)(2)(ii) of Reg. D. 

       

    

    (For
      the
      purposes of this questionnaire, a “sophisticated person” means any person who
      has such knowledge and experience in financial and business matters that he
      or
      she is capable of evaluating the merits and risks of the prospective
      investment.)

     

    
              —  I
        am an employee
        benefit plan within the meaning of the Employee Retirement Income Security
        Act
        of 1974 and (i) investment decisions for such plan are made by a plan fiduciary,
        as defined in Section 3(21) of such Act, which is a bank, savings and loan
        association, insurance company or registered investment advisor or (ii) such
        plan has total assets exceeding $5,000,000 or (iii) if a self directed plan,
        investment decisions are made solely by accredited investors.

       

              X 
          I
        am an
        entity in which all of the equity owners are accredited investors.

    

     

    I
      am an
      accredited investor for the following reasons:

     

    ______________________________________________________________

     

    ______________________________________________________________

     

    (5)           
      Check, if appropriate:

     

             X    I
      hereby
      represent and warrant that I have such knowledge and experience in financial
      and
      business matters that I am capable of evaluating the merits and risks of any
      prospective investment in the Company. 

     

    (6)           
      If you did not check the box to Question 5, please answer the following
      additional questions:

     

    6.1           
      Please describe any pre-existing personal or business relationship that you
      have
      with the Company or any of its officers and directors.

     

    ______________________________________________________________

     

    ______________________________________________________________

     

    6.2           
      Please describe any business or financial experience that you have had that
      would allow the Company to reasonably conclude that you are capable of
      protecting your interests in connection with your prospective investment in
      the
      Company. If none, so state.

     

    ______________________________________________________________

     

    ______________________________________________________________

     

    6.3           
      If your answer to Question 6.2 above was “None,” in order to evaluate the merits
      and risks of the investment, will you be relying upon the advice of any other
      person(s) who will be acting as your purchaser
      representative(s)?Yes  ____No  ____

     

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

     

    If
“yes,”
      please identify each such person and indicate his business address and telephone
      number in the space below (each such person must complete, and you must review
      and acknowledge, a separate purchaser representative questionnaire which will
      be
      supplied at your request and which must be returned to the Company prior to
      the
      sale of any Units to you).

     

    ______________________________________________________________

     

    ______________________________________________________________

     

    (7)           
      By signing this Questionnaire, I hereby confirm the following
      statements:

     

    I
      am
      aware that the offering of the Units will involve securities for which no market
      currently exists, thereby requiring any investment to be maintained for an
      indefinite period of time, and I have no need to liquidate the
      investment.

     

    I
      acknowledge that any delivery to me of any documentation relating to the Units
      prior to the determination by the Company of my suitability as an investor
      shall
      not constitute an offer of the Units until such determination of suitability
      shall be made, and I agree that I shall promptly return all such documentation
      to the Company upon request.

     

    Neither
      I
      nor any of my associates or affiliates: (i) are a member or a person associated
      with a member firm of the NASD, (ii) own any stock or other securities of any
      NASD member, or (iii) made subordinated loans to any NASD member.

     

    My
      answers to the foregoing questions are true and complete to the best of my
      information and belief, and I will promptly notify the Company of any changes
      in
      the information I have provided.

     

    I
      also
      understand and agree that, although the Company will use its best efforts to
      keep the information provided in answers to this Questionnaire strictly
      confidential, the Company may present this Questionnaire and the information
      provided in answers to it to such parties as it may deem advisable if called
      upon to establish the availability under any federal or state securities laws
      of
      an exemption from registration of the private placement or if the contents
      thereof are relevant to any issue in any action, suit, or proceeding to which
      the Company is a party or by which it or they are or may be bound.

     

     

    
      
        EQUITIES
          MEDIA ACQUISTION CORP INC.

        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

     

     

    I
      realize
      that this Questionnaire does not constitute an offer by the Company to sell
      the
      Units but is merely a request for information.

     

    

     

    

    
      Arne
        van Roon    

    

    Printed
      Name: 

    
       

      /s/Arne
        van Roon

    

    Signature

    

     N/A                                                

    Social
      Security Number or

    Employee
      Identification Number

     

    Date
      and
      Place Executed:

     

    Date: 
      November 12,
      2007                  Place: 
World
      Trade Centre Lugano-Agno
      Switzerland

     

     

     

    
       

      EQUITIES
        MEDIA ACQUISTION CORP
        INC.

    

     

     

    14f8k011108ex10a_eastern.htm

    
      

      

    

     

    Meade
      Technologies Inc.

    

    2007
      Stock Incentive Plan

    

    Adopted
      by the Board on December 27, 2007

    

     

    Approved
      by the Stockholders on December 27, 2007

     

    
      

      

    

    

    
      

       

      

    

    TABLE
      OF CONTENTS

     

     

    
      
        	
                
                

                SECTION
                  1.

              	
                
                

                PURPOSE.

              	
                
                

                1

              
	 	 	 
	
                
                

                SECTION
                  2.

              	
                
                

                DEFINITIONS.

              	
                
                

                1

              
	
                2.1

              	
                “162(m)
                  Employee”

              	
                1

              
	
                2.2

              	
                “Award”

              	
                1

              
	
                2.3

              	
                “Board”

              	
                1

              
	
                2.4

              	
                “Change
                  in Control”

              	
                1

              
	
                2.

              	
                “Code”

              	
                2

              
	
                2.6

              	
                “Committee”

              	
                2

              
	
                2.7

              	
                “Company”

              	
                2

              
	
                2.8

              	
                “Consultant”

              	
                2

              
	
                2.9

              	
                “Disability”

              	
                2

              
	
                2.10

              	
                “Employee”

              	
                2

              
	
                2.11

              	
                “Exchange
                  Act”

              	
                2

              
	
                2.12

              	
                “Exercise
                  Price”

              	
                2

              
	
                2.1

              	
                “Fair
                  Market Value”

              	
                2

              
	
                2.14

              	
                “ISO”

              	
                3

              
	
                2.15

              	
                “NSO”

              	
                3

              
	
                2.16

              	
                “Offeree”

              	
                3

              
	
                2.17

              	
                “Option”

              	
                3

              
	
                2.18

              	
                “Optionee”

              	
                3

              
	
                2.19

              	
                “Outside
                  Director”

              	
                3

              
	
                2.20

              	
                “Parent”

              	
                3

              
	
                2.21

              	
                “Participant”

              	
                3

              
	
                2.22

              	
                “Plan”

              	
                3

              
	
                2.23

              	
                “Purchase
                  Price”

              	
                3

              
	
                2.24

              	
                “Restricted
                  Share”

              	
                3

              
	
                2.25

              	
                “Restricted
                  Share Agreement”

              	
                3

              
	
                2.26

              	
                “SAR”

              	
                3

              
	
                2.27

              	
                “SAR
                  Agreement”

              	
                3

              
	
                2.28

              	
                “Securities
                  Act”

              	
                4

              
	
                2.29

              	
                “Service”

              	
                4

              
	
                2.30

              	
                “Share”

              	
                4

              
	
                2.31

              	
                “Stock”

              	
                4

              
	
                2.32

              	
                “Stock
                  Option Agreement”

              	
                4

              
	
                2.33

              	
                “Stock
                  Unit”

              	
                4

              
	
                2.34

              	
                “Stock
                  Unit Agreement”

              	
                4

              
	
                2.35

              	
                “Subsidiary”

              	
                4

              
	
                2.36

              	
                “Ten-Percent
                  Stockholder”

              	
                4

              

      

    

     

    
      
        	
                
                

                SECTION
                  3.

              	
                
                

                ADMINISTRATION.

              	
                
                

                4

              
	
                3.1

              	
                General
                  Rule

              	
                4

              
	
                3.2

              	
                Board
                  Authority and Responsibility

              	
                5

              

      

    

     

     

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

     

     

    
      
        	
                
                

                SECTION
                  4.

              	
                
                

                ELIGIBILITY.

              	
                
                

                5

              
	
                4.1

              	
                General
                  Rule

              	
                5

              

      

    

     

    
      
        	
                
                

                SECTION
                  5.

              	
                
                

                STOCK
                  SUBJECT TO PLAN.

              	
                
                

                5

              
	
                5.1

              	
                Share
                  Limit

              	
                5

              
	
                5.2

              	
                Additional
                  Shares

              	
                5

              

      

    

     

    
      
        	
                
                

                SECTION
                  6.

              	
                
                

                RESTRICTED
                  SHARES.

              	
                
                

                6

              
	
                6.1

              	
                Restricted
                  Share Agreement

              	
                6

              
	
                6.2

              	
                Payment
                  for Awards

              	
                6

              
	
                6.3

              	
                Vesting

              	
                6

              
	
                6.4

              	
                Voting
                  and Dividend Rights.  

              	
                6

              
	
                6.5

              	
                Restrictions
                  on Transfer of Shares.

              	
                6

              

      

    

     

    
      
        	
                
                

                SECTION
                  7.

              	
                
                

                STOCK
                  OPTIONS.

              	
                
                

                6

              
	
                7.1

              	
                Stock
                  Option Agreement

              	
                6

              
	
                7.2

              	
                Number
                  of Shares; Kind of Option

              	
                7

              
	
                7.3

              	
                Exercise
                  Price

              	
                7

              
	
                7.4

              	
                Term

              	
                7

              
	
                7.5

              	
                Exercisability

              	
                7

              
	
                7.6

              	
                Vestin

              	
                7

              
	
                7.7

              	
                Repurchase
                  Rights and Transfer Restrictions

              	
                7

              
	
                7.8

              	
                Transferability
                  of Options

              	
                7

              
	
                7.9

              	
                Exercise
                  of Options on Termination of Service

              	
                8

              
	
                7.10

              	
                No
                  Rights as a Stockholder

              	
                8

              
	
                7.11

              	
                Modification,
                  Extension and Renewal of Options

              	
                8

              
	
                7.12

              	
                Effect
                  of Change In Control

              	
                8

              

      

    

     

     

    
      
        	
                
                

                SECTION
                  8.

              	
                
                

                PAYMENT
                  FOR SHARES.

              	
                
                

                8

              
	
                8.1

              	
                General

              	
                8

              
	
                8.2

              	
                Surrender
                  of Stock

              	
                8

              
	
                8.3

              	
                Services
                  Rendered

              	
                9

              
	
                8.4

              	
                Promissory
                  Notes

              	
                9

              
	
                8.5

              	
                Exercise/Sale

              	
                9

              
	
                8.6

              	
                Exercise/Pledge

              	
                9

              
	
                8.7

              	
                Other
                  Forms of Payment

              	
                9

              
	
                8.8

              	
                Limitations
                  under Applicable Law

              	
                9

              

      

    

     

    
      
        	
                
                

                SECTION
                  9.

              	
                
                

                STOCK
                  APPRECIATION RIGHTS.

              	
                
                

                9

              
	
                9.1

              	
                SAR
                  Agreement

              	
                9

              
	
                9.2

              	
                Number
                  of Shares

              	
                9

              
	
                9.3

              	
                Exercise
                  Price

              	
                10

              
	
                9.4

              	
                Exercisability
                  and Term

              	
                10

              
	
                9.5

              	
                Effect
                  of Change in Control

              	
                10

              
	
                9.6

              	
                Exercise
                  of SARs

              	
                10

              
	
                9.7

              	
                Modification
                  or Assumption of SARs

              	
                10

              

      

    

     

     

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

     

     

    
      
        	
                
                

                SECTION
                  10.

              	
                
                

                STOCK
                  UNITS.

              	
                
                

                10

              
	
                10.1

              	
                Stock
                  Unit Agreement

              	
                10

              
	
                10.2

              	
                Payment
                  for Awards

              	
                11

              
	
                10.3

              	
                Vesting
                  Conditions

              	
                11

              
	
                10.4

              	
                Voting
                  and Dividend Rights

              	
                11

              
	
                10.5

              	
                Form
                  and Time of Settlement of Stock Units

              	
                11

              
	
                10.6

              	
                Creditors’
                  Rights

              	
                11

              

      

    

     

    
      
        	
                
                

                SECTION
                  11.

              	
                
                

                ADJUSTMENT
                  OF SHARES.

              	
                
                

                12

              
	
                11.1

              	
                General

              	
                12

              
	
                11.2

              	
                Dissolution
                  or Liquidation

              	
                12

              
	
                11.3

              	
                Mergers
                  and Consolidations

              	
                12

              
	
                11.4

              	
                Reservation
                  of Rights

              	
                12

              

      

    

     

    
      
        	
                
                

                SECTION
                  12.

              	
                
                

                PERFORMANCE
                  BASED-AWARDS.

              	
                
                

                13

              
	
                12.1

              	
                Company’s
                  Right to Grant Performance-Based Awards

              	
                13

              

      

    

     

    
      
        	
                
                

                SECTION
                  13.

              	
                
                

                REPURCHASE
                  RIGHTS.

              	
                
                

                13

              
	
                13.1

              	
                Company’s
                  Right To Repurchase Shares

              	
                13

              

      

    

     

    
      
        	
                
                

                SECTION
                  14.

              	
                
                

                WITHHOLDING
                  TAXES.

              	
                
                

                13

              
	
                14.1

              	
                General

              	
                13

              
	
                14.2

              	
                Share
                  Withholding

              	
                13

              
	
                14.3

              	
                Cashless
                  Exercise/Pledge

              	
                14

              
	
                14.4

              	
                Other
                  Forms of Payment

              	
                14

              

      

    

     

    
      
        	
                
                

                SECTION
                  15.

              	
                
                

                SECURITIES
                  LAW REQUIREMENTS.

              	
                
                

                14

              
	
                15.1

              	
                General

              	
                14

              
	
                15.2

              	
                Voting
                  and Dividend Rights

              	
                14

              

      

    

     

    
      
        	
                
                

                SECTION
                  16.

              	
                
                

                NO
                  RETENTION RIGHTS.

              	
                
                

                14

              

      

    

     

    
      
        	
                
                

                SECTION
                  17.

              	
                
                

                DURATION
                  AND AMENDMENTS.

              	
                
                

                14

              
	
                17.1

              	
                Term
                  of the Plan

              	
                14

              
	
                17.2

              	
                Right
                  to Amend or Terminate the Plan

              	
                14

              
	
                17.3

              	
                Effect
                  of Amendment or Termination

              	
                15

              

      

    

     

    
      
        
          	
                  
                  

                  SECTION
                    18.

                	
                  
                  

                  EXECUTION.

                	
                  
                  

                  15

                

        

      

    

     

     

    
      
        
        

      

      
        iii

        
          

        

      

      
        
        

      

    

     

    
      MEADE
        TECHNOLOGIES INC.

       

      2007
        STOCK INCENTIVE PLAN

       

      SECTION
        1. PURPOSE.

       

      The
        Plan
        was adopted by the Board of Directors effective December 27,
        2007.  The purpose of the Plan is to promote the long-term success of
        the Company and the creation of stockholder value by (a) encouraging selected
        Employees, Consultants and Outside Directors to focus on critical long-range
        objectives, (b) encouraging the attraction and retention of Employees,
        Consultants and Outside Directors with exceptional qualifications, and (c)
        linking Employees, Consultants and Outside Directors directly to stockholder
        interests through increased stock ownership.  The Plan seeks to
        achieve this purpose by providing for awards in the form of restricted shares,
        stock units, options (which may constitute incentive stock options or
        nonstatutory stock options) or stock appreciation rights.

       

      SECTION
        2. DEFINITIONS.

      
        	
                2.1  

              	
                “162(m)
                  Employee” shall mean an Employee
                  who is a “covered employee” within the meaning of Section 162(m)(3) of the
                  Code. 

              

      

       

      
        	
                2.2  

              	
                “Award”
                  shall mean any award of an Option,
                  a SAR,
                  a Restricted Share or a Stock Unit under the Plan.
                  

              

      

       

      
        	
                2.3  

              	
                 “Board”
                  shall
                  mean the Board of Directors of the Company, as constituted from
                  time to
                  time.

              

      

       

      
        	
                2.4  

              	
                “Change
                  in Control” shall mean the
                  occurrence of any of the following events:

              

      

       

      
        	
                (a)  

              	
                The
                  consummation of a merger or consolidation of the Company with or
                  into
                  another entity or any other corporate reorganization, if persons
                  who were
                  not stockholders of the Company immediately prior to such merger,
                  consolidation or other reorganization own immediately after such
                  merger,
                  consolidation or other reorganization fifty percent (50%) or more
                  of the
                  voting power of the outstanding securities of each of (A) the continuing
                  or surviving entity and (B) any direct or indirect parent corporation
                  of
                  such continuing or surviving
                  entity;

              

      

       

      
        	
                (b)  

              	
                The
                  consummation of the sale, transfer or other disposition of all
                  or
                  substantially all of the Company’s assets or the stockholders of the
                  Company approve a plan of complete liquidation of the Company;
                  or

              

      

       

      
        	
                (c)  

              	
                Any
                  “person” (as defined below) who, by the acquisition or aggregation of
                  securities, is or becomes the “beneficial owner” (as defined in Rule 13d-3
                  under the Exchange Act), directly or indirectly, of securities
                  of the
                  Company representing fifty percent (50%) or more of the combined
                  voting
                  power of the Company’s then outstanding securities ordinarily (and apart
                  from rights accruing under special circumstances) having the right
                  to vote
                  at elections of directors (the “Base Capital Stock”); except that any
                  change in the relative beneficial ownership of the Company’s securities by
                  any person resulting solely from a reduction in the aggregate number
                  of
                  outstanding shares of Base Capital Stock, and any decrease thereafter
                  in
                  such person’s ownership of securities, shall be disregarded until such
                  person increases in any manner, directly or indirectly, such person’s
                  beneficial ownership of any securities of the
                  Company.

              

      

       

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      For
        purposes of Section 2.3(c), the term “person” shall have the same meaning as
        when used in sections 13(d) and 14(d) of the Exchange Act but shall exclude
        (1)
        a trustee or other fiduciary holding securities under an employee benefit
        plan
        maintained by the Company or a Parent or Subsidiary and (2) a corporation
        owned
        directly or indirectly by the stockholders of the Company in substantially
        the
        same proportions as their ownership of the Stock.

       

      Notwithstanding
        the foregoing, the term “Change in Control” shall not include a transaction the
        sole purpose of which is (a) to change the state of the Company’s incorporation,
        (b) to form a holding company that will be owned in substantially the same
        proportions by the persons who held the Company’s securities immediately before
        such transaction; or (c) to make an initial public offering of the Company’s
        Stock.

       

      
        	
                2.5  

              	
                “Code”
                  shall mean the Internal Revenue
                  Code of 1986, as amended. 

              

      

       

      
        	
                2.6  

              	
                “Committee”
shall
                  mean the committee
                  designated by the Board, which is authorized to administer the
                  Plan, as
                  described in Section 3 hereof. 

              

      

       

      
        	
                2.7  

              	
                “Company”
                  shall mean Meade Technologies
                  Inc., a Delaware corporation. 

              

      

       

      
        	
                2.8  

              	
                “Consultant”
shall
                  mean a consultant or
                  advisor who provides bona fide services to the Company, a Parent,
                  or
                  Subsidiary as an independent contractor and who is not an Employee
                  or
                  Outside Director. 

              

      

       

      
        	
                2.9  

              	
                “Disability”
                  shall mean a condition that
                  renders an individual unable to engage in substantial gainful activity
                  by
                  reason of any medically determinable physical or mental impairment.
                  

              

      

       

      
        	
                2.10  

              	
                “Employee”
                  shall mean any individual who
                  is a common-law employee of the Company, a Parent or a Subsidiary
                  and who
                  is an “employee” within the meaning of section 3401(c) of the Code and
                  regulations issued thereunder. 

              

      

       

      
        	
                2.11  

              	
                “Exchange
                  Act” shall mean the U.S.
                  Securities and Exchange Act of 1934, as amended.
                  

              

      

       

      
        	
                2.12  

              	
                “Exercise
                  Price” shall mean, in the case
                  of an Option, the amount for which one Share may be purchased upon
                  the
                  exercise of such Option, as specified in the applicable Stock Option
                  Agreement. “Exercise Price,” in the case of a SAR, shall mean an amount,
                  as specified in the applicable SAR Agreement, which is subtracted
                  from the
                  Fair Market Value of one Share in determining the amount payable
                  upon the
                  exercise of such SAR. 

              

      

       

      
        	
                2.13  

              	
                “Fair
                  Market Value” means, with respect
                  to a Share, the market price of one Share of Stock, determined
                  by the
                  Board in good faith and in accordance with section 409A of the
                  Code and
                  the regulations thereunder.  Such determination shall be
                  conclusive and binding on all persons. If, at the time an Award
                  is granted
                  under the Plan, the Company’s Stock is publicly traded, “fair market
                  value” shall be determined as of the date of grant or, if the prices or
                  quotes discussed in this sentence are unavailable for such date,
                  the last
                  business day for which such prices or quotes are available prior
                  to the
                  date such Award is granted, and shall mean (i) the average (on
                  that date)
                  of the high and low prices of the Stock on the principal national
                  securities exchange on which such Stock is traded, if the Stock
                  is then
                  traded on a national securities exchange; or (ii) the last reported
                  sale
                  price (on that date) of the Stock on the Nasdaq National Market,
                  if the
                  Stock is not then traded on a national securities exchange; or
                  (iii) the
                  average of the closing bid and asked prices last quoted (on that
                  date) by
                  an established quotation service for over-the-counter securities,
                  if the
                  Stock is not reported on the Nasdaq National Market.
                  

              

      

       

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

      
        	
                2.14  

              	
                “ISO”
shall
                  mean an incentive stock
                  option described in section 422(b) of the Code.

              

      

       

      
        	
                2.15  

              	
                “NSO”
shall
                  mean a stock option that is
                  not an ISO. 

              

      

       

      
        	
                2.16  

              	
                “Offeree”
shall
                  mean an individual to
                  whom the Board has offered the right to acquire Shares under the
                  Plan
                  (other than upon exercise of an Option).

              

      

       

      
        	
                2.17  

              	
                 “Option”
                  shall
                  mean an ISO or NSO granted under the Plan and entitling the holder
                  to
                  purchase Shares. 

              

      

       

      
        	
                2.18  

              	
                “Optionee”
shall
                  mean an individual or estate that holds an Option or SAR.
                  

              

      

       

      
        	
                2.19  

              	
                “Outside
                  Director” shall mean a member
                  of the Board of the Company, a Parent or a Subsidiary who is not
                  an
                  Employee. 

              

      

       

      
        	
                2.20  

              	
                “Parent”shall
                  mean any corporation
                  (other than the Company) in an unbroken chain of corporations ending
                  with
                  the Company, if each of the corporations other than the Company
                  owns stock
                  possessing fifty percent (50%) or more of the total combined voting
                  power
                  of all classes of stock in one of the other corporations in such
                  chain.  A corporation that attains the status of a Parent on a
                  date after the adoption of the Plan shall be considered a Parent
                  commencing as of such date. 

              

      

       

      
        	
                2.21  

              	
                “Participant”
shall
                  mean an individual
                  or estate who holds an Award. 

              

      

       

      
        	
                2.22  

              	
                 “Plan”
                  shall mean the Meade Technologies Inc. 2007 Stock Incentive
                  Plan,
                  as amended from time to time.

              

      

       

      
        	
                2.23  

              	
                “Purchase
                  Price” shall mean the consideration for which one Share may be
                  acquired under the Plan (other than upon exercise of an Option),
                  as
                  specified by the Board.

              

      

       

      
        	
                2.24  

              	
                 “Restricted
                  Share” shall mean a
                  Share awarded under the Plan. 

              

      

       

      
        	
                2.25  

              	
                “Restricted
                  Share Agreement” shall mean
                  the agreement between the Company and the recipient of a Restricted
                  Share
                  which contains the terms, conditions and restrictions pertaining
                  to such
                  Restricted Share. 

              

      

       

      
        	
                2.26  

              	
                “SAR”
                  shall mean a stock appreciation right granted under the Plan.
                  

              

      

       

      
        	
                2.27  

              	
                “SAR
                  Agreement” shall mean the agreement
                  between the Company and an Optionee which contains the terms, conditions
                  and restrictions pertaining to such SAR.

              

      

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      
        	
                2.28  

              	
                “Securities
                  Act” shall mean the U.S.
                  Securities Act of 1933, as amended.

              

      

       

      
        	
                2.29  

              	
                “Service”shall
                  mean service as an Employee, a Consultant or an Outside
                  Director.  Service shall be deemed to continue during a bona
                  fide leave of absence approved by the Company in writing if and
                  to the
                  extent that continued crediting of Service for purposes of the
                  Plan is
                  expressly required by the terms of such leave or by applicable
                  law, as
                  determined by the Company.  However, for purposes of determining
                  whether an Option is entitled to ISO status, and to the extent
                  required
                  under the Code, an Employee’s Service will be treated as terminating
                  ninety (90) days after such Employee went on leave, unless such
                  Employee’s
                  right to return to active work is guaranteed by law or by a contract
                  or
                  such Employee immediately returns to active work.
                  

              

      

       

      
        	
                2.30  

              	
                “Share”
                  shall mean one share of Stock,
                  as adjusted in accordance with Section 11 (if applicable).
                  

              

      

       

      
        	
                2.31  

              	
                “Stock”
shall
                  mean the common stock of
                  the Company. 

              

      

       

      
        	
                2.32  

              	
                “Stock
                  Option Agreement”shall mean the agreement between the Company and
                  an Optionee which contains the terms, conditions and restrictions
                  pertaining to such Option. 

              

      

       

      
        	
                2.33  

              	
                “Stock
                  Unit” shall mean a bookkeeping
                  entry representing the equivalent of one Share, as awarded under
                  the Plan.
                  

              

      

       

      
        	
                 

              	
                 

              

      

       

      
        	
                2.34  

              	
                “Stock
                  Unit Agreement” shall mean the
                  agreement between the Company and the recipient of a Stock Unit
                  which
                  contains the terms, conditions and restrictions pertaining to such
                  Stock
                  Unit. 

              

      

       

      
        	
                2.35  

              	
                “Subsidiary”
                  means any corporation
                  (other than the Company) in an unbroken chain of corporations beginning
                  with the Company, if each of the corporations other than the last
                  corporation in the unbroken chain owns stock possessing fifty percent
                  (50%) or more of the total combined voting power of all classes
                  of stock
                  in one of the other corporations in such chain.  A corporation
                  that attains the status of a Subsidiary on a date after the adoption
                  of
                  the Plan shall be considered a Subsidiary commencing as of such
                  date.
                  

              

      

       

      
        	
                2.36  

              	
                “Ten-Percent
                  Stockholder” means an
                  individual who owns more than ten percent (10%) of the total combined
                  voting power of all classes of outstanding stock of the Company,
                  its
                  Parent or any of its Subsidiaries.  In determining stock
                  ownership for purposes of this Section 2.36, the attribution rules
                  of
                  section 424(d) of the Code shall be applied.

              

      

       

      SECTION
        3. ADMINISTRATION.

       

      
        	
                3.1  

              	
                General
                  Rule. The Plan shall be
                  administered by the Board. However, the Board may delegate any
                  or all
                  administrative functions under the Plan otherwise exercisable by
                  the Board
                  to one or more Committees. Each Committee shall consist of at least
                  one
                  member of the Board who has been appointed by the Board. In addition,
                  the
                  composition of the Committee shall satisfy (i) such requirements
                  as the
                  Securities and Exchange Commission may establish for administrators
                  acting
                  under plans intending to qualify for exemption under Rule 16b-3
                  (or its
                  successor) under the Exchange Act; (ii) such requirements as the
                  Code may
                  establish for outside directors acting under plans intended to
                  qualify for
                  exemption under section 162(m)(4)(C) of the Code; and (ii) such
                  rules as
                  the applicable national securities exchange may establish for directors
                  serving on the compensation committee of a company listed on such
                  exchange. Each Committee shall have the authority and be responsible
                  for
                  such functions as the Board has assigned to it. If a Committee
                  has been
                  appointed, any reference to the Board in the Plan shall be construed
                  as a
                  reference to the Committee to whom the Board has assigned a particular
                  function. The Board may also authorize one or more officers of
                  the Company
                  to designate Employees, other than such authorized officer or officers,
                  to
                  receive Awards and/or to determine the number of such Awards to
                  be
                  received by such persons; provided, however, that the Board shall
                  specify
                  the total number of Awards that such officer or officers may so
                  award.
                  

              

      

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      
        	
                3.2  

              	
                Board
                  Authority and Responsibility.
                  Subject to the provisions of the Plan, the Board shall have full
                  authority
                  and discretion to take any actions it deems necessary or advisable
                  for the
                  administration of the Plan. All decisions, interpretations and
                  any other
                  actions of the Board with respect to the Plan shall be final and
                  binding
                  on all persons deriving rights under the Plan.

              

      

       

      SECTION
        4. ELIGIBILITY.

       

      
        	
                4.1  

              	
                General
                  Rule. Only Employees shall be
                  eligible for the grant of ISOs. Only Employees, Consultants and
                  Outside
                  Directors shall be eligible for the grant of NSOs, Restricted Shares,
                  Stock Units or SARs. 

              

      

       

      SECTION
        5. STOCK
        SUBJECT TO
        PLAN.

       

      
        	
                5.1  

              	
                Share
                  Limit. Subject to Sections 5.2 and
                  11, the aggregate number of Shares authorized for issuance as Awards
                  under
                  the Plan shall not exceed five million fifty-five thousand (5,055,000)
                  Shares. The number of Shares which are subject to Options or other
                  Awards
                  outstanding at any time shall not exceed the number of Shares which
                  then
                  remain available for issuance under the Plan. The Company, during
                  the term
                  of the Plan, shall at all times reserve and keep available sufficient
                  Shares to satisfy the requirements of the Plan. Shares offered
                  under the
                  Plan may be authorized but unissued Shares or treasury Shares.
                  Subject to
                  the provisions of Section 11, no participant may receive Options
                  under the
                  Plan in any calendar year that relate to more than one million
                  six hundred
                  and eighty-five thousand (1,685,000) Shares.

              

      

       

      
        	
                5.2  

              	
                Additional
                  Shares. If Restricted
                  Shares or Shares issued upon the exercise of Options are forfeited,
                  then
                  such Shares shall again become available for Awards under the Plan.
                  If
                  Stock Units, Options or SARs are forfeited or terminate for any
                  other
                  reason before being exercised, then the corresponding Shares shall
                  again
                  become available for Awards under the Plan. If Stock Units are
                  settled,
                  then only the number of Shares (if any) actually issued in settlement
                  of
                  such Stock Units shall reduce the number available under Section
                  5.1 and
                  the balance shall again become available for Awards under the Plan.
                  If
                  SARs are exercised, then only the number of Shares (if any) actually
                  issued in settlement of such SARs shall reduce the number available
                  under
                  Section 5.1 and the balance shall again become available for Awards
                  under
                  the Plan. If a Share previously issued under the Plan is reacquired
                  by the
                  Company pursuant to a forfeiture provision, right of repurchase
                  or right
                  of first refusal, then such Share shall again become available
                  for Awards
                  under the Plan. 

              

      

       

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      SECTION
        6. RESTRICTED
        SHARES.

       

      
        	
                6.1  

              	
                Restricted
                  Share Agreement. Each grant
                  of Restricted Shares under the Plan shall be evidenced by a Restricted
                  Stock Agreement between the recipient and the Company. Such Restricted
                  Shares shall be subject to all applicable terms of the Plan and
                  may be
                  subject to any other terms that are not inconsistent with the Plan.
                  The
                  provisions of the various Restricted Stock Agreements entered into
                  under
                  the Plan need not be identical. 

              

      

       

      
        	
                6.2  

              	
                Payment
                  for Awards. Subject to the
                  following sentence, Restricted Shares may be sold or awarded under
                  the
                  Plan for such consideration as the Board may determine, including
                  (without
                  limitation) cash, cash equivalents, full-recourse promissory notes,
                  past
                  services and future services. To the extent that an Award consists
                  of
                  newly issued Restricted Shares, the Award recipient shall furnish
                  consideration with a value not less than the par value of such
                  Restricted
                  Shares in the form of cash, cash equivalents, or past services
                  rendered to
                  the Company (or a Parent or Subsidiary), as the Board may determine.
                  

              

      

       

      
        	
                6.3  

              	
                Vesting.
                  Each Award of Restricted Shares
                  may or may not be subject to vesting. Vesting shall occur, in full
                  or in
                  installments, upon satisfaction of the conditions specified in
                  the
                  Restricted Stock Agreement. A Restricted Stock Agreement may provide
                  for
                  accelerated vesting in the event of the Participant’s death, Disability or
                  retirement or other events.  The Board may determine, at the
                  time of granting Restricted Shares or thereafter, that all or part
                  of such
                  Restricted Shares shall become vested in the event that a Change
                  in
                  Control occurs with respect to the Company.

              

      

       

      
        	
                6.4  

              	
                Voting
                  and Dividend
                  Rights.  The holders of Restricted Shares awarded under
                  the Plan shall have the same voting, dividend and other rights
                  as the
                  Company’s other stockholders.  A Restricted Stock Agreement,
                  however, may require that the holders of Restricted Shares invest
                  any cash
                  dividends received in additional Restricted Shares.  Such
                  additional Restricted Shares shall be subject to the same conditions
                  and
                  restrictions as the Award with respect to which the dividends were
                  paid.

              

      

       

      
        	
                6.5  

              	
                Restrictions
                  on Transfer of
                  Shares.  Restricted Shares shall be subject to such
                  rights of repurchase, rights of first refusal or other restrictions
                  as the
                  Committee may determine.  Such restrictions shall be set forth
                  in the applicable Restricted Stock Agreement and shall apply in
                  addition
                  to any general restrictions that may apply to all holders of
                  Shares.

              

      

       

      SECTION
        7. STOCK
        OPTIONS.

       

      
        	
                7.1  

              	
                Stock
                  Option Agreement. Each grant of an
                  Option under the Plan shall be evidenced by a Stock Option Agreement
                  between the Optionee and the Company. Such Option shall be subject
                  to all
                  applicable terms and conditions of the Plan and may be subject
                  to any
                  other terms and conditions imposed by the Board, as set forth in
                  the Stock
                  Option Agreement, which are not inconsistent with the Plan. The
                  provisions
                  of the various Stock Option Agreements entered into under the Plan
                  need
                  not be identical. Options may be granted in consideration of a
                  reduction
                  in the Optionee’s other compensation.

              

      

       

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

       

      
        	
                7.2  

              	
                Number
                  of Shares; Kind of Option. Each
                  Stock Option Agreement shall specify the number of Shares that
                  are subject
                  to the Option and shall provide for the adjustment of such number
                  in
                  accordance with Section 11. The Stock Option Agreement shall also
                  specify
                  whether the Option is intended to be an ISO or an NSO.
                  

              

      

       

      
        	
                7.3  

              	
                Exercise
                  Price.  Each Stock Option
                  Agreement shall set forth the Exercise Price, which shall be payable
                  in a
                  form described in Section 8. The Exercise Price per Share of an
                  Option
                  shall not be less than one hundred percent (100%) of the Fair Market
                  Value
                  of a Share on the date of grant; provided, however, that the Exercise
                  Price per Share of an ISO granted to a Ten-Percent Stockholder
                  shall not
                  be less than one hundred ten percent (110%) of the Fair Market
                  Value of a
                  Share on the date of grant. Subject to the foregoing requirements,
                  the
                  Exercise Price under any Option shall be determined by the Board
                  in its
                  sole discretion. 

              

      

       

      
        	
                7.4  

              	
                Term.
                  Each Stock Option Agreement shall
                  specify the term of the Option. The term of an Option shall in
                  no event
                  exceed ten (10) years from the date of grant. The term of an ISO
                  granted
                  to a Ten-Percent Stockholder shall not exceed five (5) years from
                  the date
                  of grant. Subject to the foregoing, the Board in its sole discretion
                  shall
                  determine when an Option shall expire.

              

      

       

      
        	
                7.5  

              	
                Exercisability.
                  Each Stock Option
                  Agreement shall specify the date when all or any installment of
                  the Option
                  is to become exercisable; provided, however, that no Option shall
                  be
                  exercisable unless the Optionee has delivered to the Company an
                  executed
                  copy of the Stock Option Agreement. The Board in its sole discretion
                  shall
                  determine when all or any installment of an Option is to become
                  exercisable and may, in its discretion, provide for accelerated
                  exercisability in the event of the Optionee’s death, Disability or
                  retirement, or other events.  A Stock Option Agreement may
                  permit the Optionee to exercise the Option as to Shares that are
                  subject
                  to a right of repurchase by the Company in accordance with the
                  requirements of Section 13.1.  Options may be awarded in
                  combination with SARs, and such an Award may provide that the Options
                  will
                  not be exercisable unless the related SARs are forfeited.
                  

              

      

       

      
        	
                7.6  

              	
                Vesting.
                  Each Stock Option Agreement
                  shall specify the date or dates when the Option or the Shares subject
                  to
                  the Option shall be vested. The Board in its sole discretion shall
                  determine when all or any portion of the Option or the Shares subject
                  to
                  an Option shall be vested and may, in its discretion, provide for
                  accelerated vesting in the event of the Optionee’s death, Disability or
                  retirement or other events and may provide for the cessation of
                  vesting
                  prior to the end of its term in the event of the termination of
                  the
                  Optionee’s Service. 

              

      

       

      
        	
                7.7  

              	
                Repurchase
                  Rights and Transfer
                  Restrictions.  Shares purchased on exercise of Options shall
                  be subject to such forfeiture conditions, rights of repurchase,
                  rights of
                  first refusal and other transfer restrictions as the Board may
                  determine,
                  subject to the requirements of Section 13. Such restrictions shall
                  be set
                  forth in the applicable Stock Option Agreement and shall apply
                  in addition
                  to any restrictions otherwise applicable to holders of Shares generally.
                  

              

      

       

      
        	
                7.8  

              	
                Transferability
                  of Options. During an
                  Optionee’s lifetime, his or her Options shall be exercisable only by the
                  Optionee, and shall not be transferable other than by will or the
                  laws of
                  descent and distribution.  Notwithstanding the foregoing,
                  however, to the extent that a Stock Option Agreement so provides,
                  an NSO
                  may be transferred by the Optionee to one or more family members
                  or a
                  trust established for the benefit of the Optionee and/or one or
                  more
                  family members to the extent permitted by Rule 701 under the Securities
                  Act. 

              

      

       

       

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

       

      
        	
                7.9  

              	
                Exercise
                  of Options on Termination of
                  Service. Each Option shall set forth the extent to which the
                  Optionee shall have the right to exercise the Option following
                  termination
                  of the Optionee’s Service.  Such provisions shall be determined
                  in the sole discretion of the Board, need not be uniform among
                  all Options
                  issued pursuant to the Plan, and may reflect distinctions based
                  on the
                  reasons for termination of Service.

              

      

       

      
        	
                7.10  

              	
                No
                  Rights as a Stockholder. An Optionee,
                  or a transferee of an Optionee, shall have no rights as a stockholder
                  with
                  respect to any Shares covered by the Option until such person becomes
                  entitled to receive such Shares by filing a notice of exercise
                  and paying
                  the Exercise Price pursuant to the terms of the Option. No adjustments
                  shall be made, except as provided in Section 11.
                  

              

      

       

      
        	
                7.11  

              	
                Modification,
                  Extension and Renewal of
                  Options. Within the limitations of the Plan, the Board may modify,
                  extend or renew outstanding Options or may accept the cancellation
                  of
                  outstanding Options (to the extent not previously exercised), whether
                  or
                  not granted hereunder, in return for the grant of new Options for
                  the same
                  or a different number of Shares and at the same or a different
                  Exercise
                  Price; provided, however, that the Board shall not approve any
                  modification of the terms of Options that would be considered the
                  grant of
                  a new stock right under Treas. Reg. §1.409A-1(b)(5)(v) and constitute a
                  deferral of compensation subject to section 409A of the
                  Code.  The foregoing notwithstanding, no modification of an
                  Option shall, without the consent of the Optionee, impair his or
                  her
                  rights or increase the Optionee’s obligations under such Option.
                  

              

      

       

      
        	
                7.12  

              	
                Effect
                  of Change In Control. The Board
                  may determine, at the time of granting an Option or thereafter,
                  that such
                  Option shall become exercisable as to all or part of the Shares
                  subject to
                  such Option in the event that a Change in Control occurs with respect
                  to
                  the Company. 

              

      

       

      SECTION
        8. PAYMENT
        FOR
        SHARES.

       

      
        	
                8.1  

              	
                General.
                  The entire Purchase Price or Exercise Price of Shares issued under
                  the
                  Plan shall be payable in cash, cash equivalents or one of the other
                  forms
                  provided in this Section 8. 

              

      

       

      
        	
                8.2  

              	
                Surrender
                  of Stock. To the extent that a
                  Stock Option Agreement so provides, payment may be made in whole
                  or in
                  part by surrendering, or attesting to ownership of, Shares which
                  have
                  already been owned by the Optionee; provided, however, that payment
                  may
                  not be made in such form if such action would cause the Company
                  to
                  recognize any (or additional) compensation expense with respect
                  to the
                  Option for financial reporting purposes. Such Shares shall be surrendered
                  to the Company in good form for transfer and shall be valued at
                  their Fair
                  Market Value on the date of Option exercise.

              

      

       

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      
        	
                8.3  

              	
                Services
                  Rendered. As determined by the
                  Board in its discretion, Shares may be awarded under the Plan in
                  consideration of past services rendered to the Company, Parent
                  or
                  Subsidiary. 

              

      

       

      
        	
                8.4  

              	
                Promissory
                  Notes. To the extent that a
                  Stock Option Agreement or Restricted Share Agreement so provides,
                  payment
                  may be made in whole or in part with a full-recourse promissory
                  note
                  executed by the Optionee or Offeree. The interest rate payable
                  under the
                  promissory note shall not be less than the minimum rate required
                  to avoid
                  the imputation of income for U.S. federal income tax purposes.
                  Shares
                  shall be pledged as security for payment of the principal amount
                  of the
                  promissory note, and interest thereon; provided that if the Optionee
                  or
                  Offeree is a Consultant, such note must be collateralized with
                  such
                  additional security as required by applicable laws. In no event
                  shall the
                  stock certificate(s) representing such Shares be released to the
                  Optionee
                  or Offeree until such note is paid in full. Subject to the foregoing,
                  the
                  Board shall determine the term, interest rate and other provisions
                  of the
                  note. 

              

      

       

      
        	
                8.5  

              	
                Exercise/Sale.
                  To the extent that a
                  Stock Option Agreement so provides and a public market for the
                  Shares
                  exists, payment may be made in whole or in part by delivery (on
                  a form
                  prescribed by the Company) of an irrevocable direction to a securities
                  broker approved by the Company to sell Shares and to deliver all
                  or part
                  of the sale proceeds to the Company in payment of all or part of
                  the
                  Exercise Price and any withholding taxes.

              

      

       

      
        	
                8.6  

              	
                Exercise/Pledge.
                  To the extent that a
                  Stock Option Agreement so provides and a public market for the
                  Shares
                  exists, payment may be made in whole or in part by delivery (on
                  a form
                  prescribed by the Company) of an irrevocable direction to a securities
                  broker or lender approved by the Company to pledge Shares, as security
                  for
                  a loan, and to deliver all or part of the loan proceeds to the
                  Company in
                  payment of all or part of the Exercise Price and any withholding
                  taxes.
                  

              

      

       

      
        	
                8.7  

              	
                Other
                  Forms of Payment

              

      

       

      
        	
                 

              	
                .
                  To the extent provided in the Stock Option Agreement or Restricted
                  Share
                  Agreement, payment may be made in any other form that is consistent
                  with
                  applicable laws, regulations and rules.

              

      

       

      
        	
                8.8  

              	
                Limitations
                  under Applicable Law.
                  Notwithstanding anything herein or in a Stock Option Agreement
                  or
                  Restricted Share Agreement to the contrary, payment may not be
                  made in any
                  form that is unlawful, as determined by the Board in its sole discretion.
                  

              

      

       

      SECTION
        9. STOCK
        APPRECIATION
        RIGHTS.

       

      
        	
                9.1  

              	
                SAR
                  Agreement. Each grant of a SAR under
                  the Plan shall be evidenced by a SAR Agreement between the Optionee
                  and
                  the Company. Such SAR shall be subject to all applicable terms
                  of the Plan
                  and may be subject to any other terms that are not inconsistent
                  with the
                  Plan. The provisions of the various SAR Agreements entered into
                  under the
                  Plan need not be identical. SARs may be granted in consideration
                  of a
                  reduction in the Optionee’s other compensation.

              

      

       

      
        	
                9.2  

              	
                Number
                  of Shares. Each SAR Agreement
                  shall specify the number of Shares to which the SAR pertains and
                  shall
                  provide for the adjustment of such number in accordance with Section
                  11.
                  

              

      

       

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

      
        	
                9.3  

              	
                Exercise
                  Price. Each SAR Agreement shall
                  specify the Exercise Price. A SAR Agreement may specify an Exercise
                  Price
                  that varies in accordance with a predetermined formula while the
                  SAR is
                  outstanding. In no event, however, shall the Exercise Price of
                  a SAR be
                  less than one hundred percent (100%) of the Fair Market Value of
                  a Share
                  on the date of grant. 

              

      

       

      
        	
                9.4  

              	
                Exercisability
                  and Term.  Each
                  SAR Agreement shall specify the date when all or any installment
                  of the
                  SAR is to become exercisable. The SAR Agreement shall also specify
                  the
                  term of the SAR, which shall not exceed ten (10) years from the
                  date of
                  grant. A SAR Agreement may provide for accelerated exercisability
                  in the
                  event of the Optionee’s death, Disability or retirement or other events
                  and may provide for expiration prior to the end of its term in
                  the event
                  of the termination of the Optionee’s Service.  SARs may be
                  awarded in combination with Options, and such an Award may provide
                  that
                  the SARs will not be exercisable unless the related Options are
                  forfeited.  A SAR may be included in an ISO only at the time of
                  grant but may be included in an NSO at the time of grant or
                  thereafter.  A SAR granted under the Plan may provide that it
                  will be exercisable only in the event of a Change in Control.
                  

              

      

       

      
        	
                9.5  

              	
                Effect
                  of Change in Control. The
                  Committee may determine, at the time of granting a SAR or thereafter,
                  that
                  such SAR shall become fully exercisable as to all Shares subject
                  to such
                  SAR in the event that a Change in Control occurs with respect to
                  the
                  Company. 

              

      

       

      
        	
                9.6  

              	
                Exercise
                  of SARs. Upon exercise of a
                  SAR, the Optionee (or any person having the right to exercise the
                  SAR
                  after his or her death) shall receive from the Company (a) Shares,
                  (b)
                  cash or (c) a combination of Shares and cash, as the Board shall
                  determine
                  in its sole discretion. The amount of cash and/or the Fair Market
                  Value of
                  Shares received upon exercise of SARs shall, in the aggregate,
                  be equal to
                  the amount by which the Fair Market Value (on the date of exercise)
                  of the
                  Shares subject to the SARs exceeds the Exercise Price.
                  

              

      

       

      
        	
                9.7  

              	
                Modification
                  or Assumption of SARs.
                  Within the limitations of the Plan, the Board may modify, extend
                  or assume
                  outstanding SARs or may accept the cancellation of outstanding
                  SARs
                  (whether granted by the Company or by another issuer) in return
                  for the
                  grant of new SARs for the same or a different number of shares
                  and at the
                  same or a different exercise price; provided, however, that the
                  Board
                  shall not approve any modification of the terms of a SAR that would
                  be
                  considered the grant of a new stock right under Treas. Reg.
                  §1.409A-1(b)(5)(v) and constitute a deferral of compensation subject
                  to
                  section 409A of the Code.  The foregoing notwithstanding, no
                  modification of a SAR shall, without the consent of the holder,
                  materially
                  impair his or her rights or obligations under such SAR
                  

              

      

       

      SECTION
        10. STOCK
        UNITS.

       

      
        	
                10.1  

              	
                Stock
                  Unit Agreement. Each grant of
                  Stock Units under the Plan shall be evidenced by a Stock Unit Agreement
                  between the recipient and the Company. Such Stock Units shall be
                  subject
                  to all applicable terms of the Plan and may be subject to any other
                  terms
                  that are not inconsistent with the Plan. The provisions of the
                  various
                  Stock Unit Agreements entered into under the Plan need not be identical.
                  Stock Units may be granted in consideration of a reduction in the
                  recipient’s other compensation. 

              

      

       

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

       

      
        	
                10.2  

              	
                Payment
                  for Awards. To the extent that
                  an Award is granted in the form of Stock Units, no cash consideration
                  shall be required of the Award recipients.

              

      

       

      
        	
                10.3  

              	
                Vesting
                  Conditions. Each Award of Stock
                  Units may or may not be subject to vesting. Vesting shall occur,
                  in full
                  or in installments, upon satisfaction of the conditions specified
                  in the
                  Stock Unit Agreement. A Stock Unit Agreement may provide for accelerated
                  vesting in the event of the Participant’s death, Disability or retirement
                  or other events.  The Board may determine, at the time of
                  granting Stock Units or thereafter, that all or part of such Stock
                  Units
                  shall become vested in the event that a Change in Control occurs
                  with
                  respect to the Company. 

              

      

       

      
        	
                10.4  

              	
                Voting
                  and Dividend Rights. The
                  holders of Stock Units shall have no voting rights. Prior to settlement
                  or
                  forfeiture, any Stock Unit awarded under the Plan may, at the Board’s
                  discretion, carry with it a right to dividend equivalents.  Such
                  right entitles the holder to be credited with an amount equal to
                  all cash
                  dividends paid on one Share while the Stock Unit is
                  outstanding.  Dividend equivalents may be converted into
                  additional Stock Units.  Settlement of dividend equivalents may
                  be made in the form of cash, in the form of Shares, or in a combination
                  of
                  both.  Prior to distribution, any dividend equivalents which are
                  not paid shall be subject to the same conditions and restrictions
                  (including without limitation, any forfeiture conditions) as the
                  Stock
                  Units to which they attach.  Dividend equivalent arrangements
                  shall be structured in a manner to comply with section 409A of
                  the Code
                  and regulations promulgated thereunder.

              

      

       

      
        	
                10.5  

              	
                Form
                  and Time of Settlement of Stock
                  Units. Settlement of vested Stock Units may be made in the form
                  of
                  (a) cash, (b) Shares or (c) any combination of both, as determined
                  by the
                  Board in its sole discretion. The actual number of Stock Units
                  eligible
                  for settlement may be larger or smaller than the number included
                  in the
                  original Award, based on predetermined performance factors. Methods
                  of
                  converting Stock Units into cash may include (without limitation)
                  a method
                  based on the Fair Market Value of Shares. Vested Stock Units may
                  be
                  settled in a lump sum or in installments. The distribution may
                  occur or
                  commence when all vesting conditions applicable to the Stock Units
                  have
                  been satisfied or have lapsed, or it may be deferred to any later
                  date.
                  The amount of a deferred distribution may be increased by an interest
                  factor or by dividend equivalents. Deferrals of distributions,
                  including
                  any interest or dividend equivalents credited thereon, shall be
                  structured
                  in a manner to comply with section 409A of the Code and regulations
                  promulgated thereunder. Until an Award of Stock Units is settled,
                  the
                  number of such Stock Units shall be subject to adjustment pursuant
                  to
                  Section 11. 

              

      

       

      
        	
                10.6  

              	
                Creditors’
Rights.
                  A holder of Stock
                  Units shall have no rights other than those of a general creditor
                  of the
                  Company. Stock Units represent an unfunded and unsecured obligation
                  of the
                  Company, subject to the terms and conditions of the applicable
                  Stock Unit
                  Agreement. 

              

      

       

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

       

      SECTION
        11. ADJUSTMENT
        OF
        SHARES.

       

      
        	
                11.1  

              	
                General.
In
                  the event of a subdivision
                  of the outstanding Stock, a declaration of a dividend payable in
                  Shares, a
                  declaration of an extraordinary dividend payable in a form other
                  than
                  Shares in an amount that has a material effect on the Fair Market
                  Value of
                  the Stock, a combination or consolidation of the outstanding Stock
                  into a
                  lesser number of Shares, a recapitalization, a spin-off, a
                  reclassification, or a similar occurrence, the Board shall make
                  appropriate adjustments to one or more of the following: (i) the
                  number of Options, SARs, Restricted Shares and Stock Units available
                  for
                  future Awards under Section 5; (ii) the limitations set forth in
                  Section 5.1 and 5.2; (iii) the number of Shares covered by each
                  outstanding Option and SAR; (iv) the Exercise Price under each
                  outstanding Option and SAR; (v) the number of Stock Units included
                  in any
                  prior Award which has not yet been settled; or (iv) the price of
                  Shares subject to the Company’s right of repurchase.  No
                  adjustment shall be made with respect to Options granted to a 162(m)
                  Employee to the extent the adjustment would cause the Option to
                  fail to
                  qualify as performance-based compensation under section 162(m)
                  of the
                  Code.  

              

      

       

      
        	
                11.2  

              	
                Dissolution
                  or Liquidation. To the
                  extent not previously exercised or settled, Options, SARs, and
                  Stock Units
                  shall terminate immediately prior to the dissolution or liquidation
                  of the
                  Company. 

              

      

       

      
        	
                11.3  

              	
                Mergers
                  and Consolidations. In the event
                  that the Company is a party to a merger or other consolidation,
                  or in the
                  event of a transaction providing for the sale of all or substantially
                  all
                  of the Company’s stock or assets, outstanding Awards shall be subject to
                  the agreement of merger, consolidation or sale.  Such agreement
                  may provide for one or more of the following:  (i) the
                  continuation of the outstanding Awards by the Company, if the Company
                  is a
                  surviving corporation; (ii) the assumption of the Plan and
                  outstanding Awards by the surviving corporation or its parent;
                  (iii) the substitution by the surviving corporation or its parent of
                  its own awards with substantially the same terms as such outstanding
                  Awards; (iv) immediate exercisability of such outstanding Awards
                  followed by the cancellation of unexercised Awards; or (v) settlement
                  of the intrinsic value of the outstanding Awards (whether or not
                  then
                  exercisable) in cash or cash equivalents or equity (including cash
                  or
                  equity subject to deferred vesting and delivery consistent with
                  the
                  vesting restrictions applicable to such Awards or the underlying
                  Shares)
                  followed by the cancellation of such Awards; in each case without
                  the
                  recipient’s consent. 

              

      

       

      
        	
                11.4  

              	
                Reservation
                  of Rights. Except as
                  provided in this Section 11, an Optionee or Offeree shall have
                  no rights
                  by reason of any subdivision or consolidation of shares of stock
                  of any
                  class, the payment of any dividend or any other increase or decrease
                  in
                  the number of shares of stock of any class. Any issuance by the
                  Company of
                  shares of stock of any class, or securities convertible into shares
                  of
                  stock of any class, shall not affect, and no adjustment by reason
                  thereof
                  shall be made with respect to, the number or Exercise Price of
                  Shares
                  subject to an Option. The grant of an Option pursuant to the Plan
                  shall
                  not affect in any way the right or power of the Company to make
                  adjustments, reclassifications, reorganizations or changes of its
                  capital
                  or business structure, to merge or consolidate or to dissolve,
                  liquidate,
                  sell or transfer all or any part of its business or assets.
                  

              

      

       

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

      SECTION
        12. PERFORMANCE
        BASED-AWARDS.

       

      
        	
                12.1  

              	
                Company’s
                  Right to Grant Performance-Based
                  Awards. The Board, in its sole discretion, may condition the
                  granting, vesting or settlement of any Award under the Plan on
                  the
                  attainment by the Company or the Participant of one or more performance
                  goals over a specified period of time (a “performance
                  period”).  No later than 90 days after commencement of a
                  performance period (and before 25% of the performance period has
                  lapsed),
                  the Board shall establish in writing one or more performance goals
                  for the
                  performance period.  The Board may specify a minimum amount of
                  performance that must be achieved during the performance period
                  in order
                  for the granting, vesting or settlement of the Award to occur,
                  and how the
                  various levels of performance above the minimum level may affect
                  the
                  extent to which the Award is granted, vested or
                  settled.  Following the end of the performance period, the Board
                  shall certify in writing the extent to which the performance goals
                  for the
                  performance period have been attained.  The Board may retain the
                  discretion to reduce, but not to increase, on a recipient-by-recipient
                  basis, the extent to which an Award is granted, vested or settled
                  upon
                  attainment of the performance goals for a performance period.
                  

              

      

       

      SECTION
        13. REPURCHASE
        RIGHTS.

       

      
        	
                13.1  

              	
                Company’s
                  Right To Repurchase Shares.
                  The Company shall have the right to repurchase Shares that have
                  been
                  acquired through an Award upon termination of the Offeree’s or Optionee’s
                  Service if provided in the applicable Restricted Share
                  Agreement,  Stock Option Agreement, Stock Unit Agreement or SAR
                  Agreement.    The Board in its sole discretion shall
                  determine when the right to repurchase shall lapse as to all or
                  any
                  portion of the Shares.

              

      

       

      SECTION
        14. WITHHOLDING
        TAXES.

       

      
        	
                14.1  

              	
                General.
An
                  Optionee or Offeree or his
                  or her successor shall make arrangements satisfactory to the Board
                  for the
                  satisfaction of any federal, state, local or foreign withholding
                  tax
                  obligations that may arise in connection with the Plan. The Company
                  shall
                  not be required to issue any Shares or make any cash payment under
                  the
                  Plan until such obligations are satisfied.

              

      

       

      
        	
                14.2  

              	
                Share
                  Withholding. The Board may permit
                  a Participant to satisfy all or part of his or her withholding
                  or income
                  tax obligations by having the Company withhold all or a portion
                  of any
                  Shares that otherwise would be issued to him or her or by surrendering
                  all
                  or a portion of any Shares that he or she previously acquired;
                  provided,
                  however, that in no event may a Participant surrender Shares in
                  excess of
                  the legally required withholding amount based on the minimum statutory
                  withholding rates for federal and state tax purposes that apply
                  to
                  supplemental taxable income. Such Shares shall be valued at their
                  Fair
                  Market Value on the date when taxes otherwise would be withheld
                  in cash.
                  Any payment of taxes by assigning Shares to the Company may be
                  subject to
                  restrictions, including any restrictions required by rules of any
                  federal
                  or state regulatory body or other authority. All elections by Participants
                  to have Shares withheld for this purpose shall be made in such
                  form and
                  under such conditions as the Board may deem necessary or advisable.
                  

              

      

       

       

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

      
        	
                14.3  

              	
                Cashless
                  Exercise/Pledge. The Board may
                  provide that if Shares are publicly traded at the time of exercise,
                  arrangements may be made to meet the Participant’s withholding obligation
                  by cashless exercise or pledge. 

              

      

       

      
        	
                14.4  

              	
                Other
                  Forms of Payment. The Board may
                  permit such other means of tax withholding as it deems appropriate.
                  

              

      

       

      SECTION
        15. SECURITIES
        LAW
        REQUIREMENTS.

       

      
        	
                15.1  

              	
                General.
                  Shares shall not be issued
                  under the Plan unless the issuance and delivery of such Shares
                  complies
                  with (or is exempt from) all applicable requirements of law, including
                  (without limitation) the Securities Act, the rules and regulations
                  promulgated thereunder, state securities laws and regulations,
                  and the
                  regulations of any stock exchange or other securities market on
                  which the
                  Company’s securities may then be listed.

              

      

       

      
        	
                15.2  

              	
                Voting
                  and Dividend Rights. The holders
                  of Shares acquired under the Plan shall have the same voting, dividend
                  and
                  other rights as the holders of any other Shares. A Restricted Share
                  Agreement, however, may require that the holders of Shares invest
                  any cash
                  dividends received in additional Shares. Such additional Shares
                  shall be
                  subject to the same conditions and restrictions as the award with
                  respect
                  to which the dividends were paid. 

              

      

       

      SECTION
        16. NO
        RETENTION
        RIGHTS.

       

      No
        provision of the Plan, or any right or Award granted under the Plan, shall
        be
        construed to give any Participant any right to become an Employee, to be
        treated
        as an Employee, or to continue in Service for any period of time, or restrict
        in
        any way the rights of the Company (or Parent or Subsidiary to whom the
        Participant provides Service), which rights are expressly reserved, to terminate
        the Service of such person at any time and for any reason, with or without
        cause, without thereby incurring any liability to him or her.

       

      SECTION
        17. DURATION
        AND
        AMENDMENTS.

       

      
        	
                17.1  

              	
                Term
                  of the Plan. The Plan, as set forth
                  herein, shall become effective on the date of its adoption by the
                  Board,
                  subject to the approval of the Company’s stockholders.  In the
                  event that the stockholders fail to approve the Plan within twelve
                  (12)
                  months after its adoption by the Board, any grants, exercises or
                  sales
                  that have already occurred under the Plan shall be rescinded, and
                  no
                  additional grants, exercises or sales shall be made under the Plan
                  after
                  such date.  The Plan shall terminate automatically ten (10)
                  years after its adoption by the Board.  The Plan may be
                  terminated on any earlier date pursuant to Section 17.2 below.
                  

              

      

       

      
        	
                17.2  

              	
                Right
                  to Amend or Terminate the Plan.
                  The Board may amend, suspend, or terminate the Plan at any time
                  and for
                  any reason. An amendment of the Plan shall not be subject to the
                  approval
                  of the Company’s stockholders unless it (i) increases the number of
                  Shares available for issuance under the Plan (except as provided
                  in
                  Section 11), (ii) materially changes the class of persons who are
                  eligible for the grant of Awards, or (iii) is otherwise required
                  under
                  Rule 16b-3. 

              

      

       

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

       

       

      
        	
                17.3  

              	
                Effect
                  of Amendment or Termination. No
                  Shares shall be issued or sold under the Plan after the termination
                  thereof, except upon exercise of an Award granted prior to such
                  termination. The termination of the Plan, or any amendment thereof,
                  shall
                  not adversely affect any Shares previously issued or any Award
                  previously
                  granted under the Plan without the holder’s consent.
                  

              

      

       

      SECTION
        18. EXECUTION.

       

      To
        record
        the adoption of the Plan by the Board on December 27, 2007, effective on
        such
        date, the Company has caused its authorized officer to execute the
        same.

       

      Meade
        Technologies Inc .

      

      

      

      By :  /s/Daniel
        Klaus
         
                                                             

      Its
        :
        Acting CEO                                                       

      

       

      

       

       

       15

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