Document:

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                                                                   Exhibit 10.48

                             Meade Instruments Corp.
                     Up to 3,296,000 Shares of Common Stock

                             SUBSCRIPTION AGREEMENT
                             ----------------------

                                                                October 22, 2002

TO EACH OF THE PURCHASERS NAMED ON THE
SIGNATURE PAGES HEREOF

Ladies and Gentlemen:

                  Meade Instruments Corp., a Delaware corporation (the
"COMPANY"), hereby confirms its agreement with you (the "PURCHASERS"), as set
forth below.

                  1. THE SHARES. Subject to the terms and conditions herein
contained, the Company proposes to issue and sell to each Purchaser the number
of shares of its Common Stock, par value $0.01 per share (the "Common Stock"),
set forth on the signature page of such Purchaser hereto (collectively, the
"Shares").

                  The Shares will be offered and sold to the Purchasers without
such offers and sales being registered under the Securities Act of 1933, as
amended (together with the rules and regulations of the Securities and Exchange
Commission (the "COMMISSION") promulgated thereunder, the "SECURITIES ACT"), in
reliance on exemptions therefrom.

                  In connection with the sale of the Shares, the Company has
made available its periodic reports filed with the Securities and Exchange
Commission under the Securities Exchange Act of 1934, as amended (together with
the rules and regulations of the COMMISSION promulgated thereunder, the
"EXCHANGE ACT") since January 1, 2002. These reports and filings are
collectively referred to as the "DISCLOSURE DOCUMENTS". All references in this
Agreement to financial statements and schedules and other information which is
"contained," "included" or "stated" in the Disclosure Documents (or other
references of like import) shall be deemed to mean and include all such
financial statements and schedules and other information which is incorporated
by reference in the Disclosure Documents.

                  The Purchasers and their direct and indirect transferees of
the Shares will be entitled to the benefits of the Registration Rights Agreement
to be dated as of the date hereof among the parties hereto (the "REGISTRATION
RIGHTS AGREEMENT") pursuant to which the Company has agreed, among other things,
to file a shelf registration statement (the "SHELF REGISTRATION STATEMENT")
pursuant to Rule 415 under the Securities Act relating to the resale of the
Shares (as defined herein) by holders thereof.

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                  The Registration Rights Agreement, the Engagement Letter dated
August 21, 2002 with Roth Capital Partners, LLC, and this Agreement are herein
collectively referred to as the "BASIC DOCUMENTS".

                  2. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company
represents and warrants to and agrees with each Purchaser that:

                           (a) The Disclosure Documents as of their respective
dates did not, and any amendment or supplement thereto as of its date did not,
contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading. The Disclosure Documents, at the
time they were filed with the Commission, complied in all material respects with
the requirements of the Securities Act and/or the Exchange Act, as the case may
be (collectively, the "SECURITIES ACTS"), as applicable.

                           (b) Each of the Company and its subsidiaries (the
"SUBSIDIARIES") has been duly incorporated and each of the Company and the
Subsidiaries is validly existing in good standing as a corporation under the
laws of its jurisdiction of incorporation, with the requisite corporate power
and authority to own its properties and conduct its business as now conducted as
described in the Disclosure Documents and is duly qualified to do business as a
foreign corporation in good standing in all other jurisdictions where the
ownership or leasing of its properties or the conduct of its business requires
such qualification, except where the failure to be so qualified is not
reasonably likely to have a material adverse effect on the business, condition
(financial or otherwise), business prospects or results of operations of the
Company and the Subsidiaries, taken as a whole (any such event, a "MATERIAL
ADVERSE EFFECT"); as of the Closing Date, the Company will have the authorized,
issued and outstanding capitalization set forth in the Disclosure Documents
(subject to the issuance of shares pursuant to this Agreement or pursuant to
options outstanding under the Company's stock option plans or outstanding
warrants or other rights to acquire shares described in the Disclosure
Documents); all of the outstanding shares of capital stock of the Company and
the Subsidiaries have been duly authorized and validly issued, are fully paid
and nonassessable and were not issued in violation of any preemptive or similar
rights; except as set forth in the Disclosure Documents, all of the outstanding
shares of capital stock of the Subsidiaries are owned, directly or indirectly,
by the Company; the shares of capital stock of the Company and the Subsidiaries
that are reserved for issuance pursuant to stock option plans or other equity
incentive plans is as set forth in the Disclosure Documents; and except as may
be outstanding under stock option plans or other equity incentive plans that are
described in the Disclosure Documents, there are no outstanding options,
warrants or other rights to purchase shares of capital stock of the Company or
the Subsidiaries.

                           (c) The Company has the requisite corporate power and
authority to execute, deliver and perform its obligations under the Basic
Documents. Each of the Basic Documents has been duly and validly authorized by
the Company and, when executed and delivered by the Company, will constitute a
valid and legally binding agreement of the Company, enforceable against the
Company in accordance with its terms except as (i) the enforcement thereof may
be limited by (A) bankruptcy, insolvency, reorganization, fraudulent conveyance,

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moratorium or other similar laws now or hereafter in effect relating to or
affecting creditors' rights generally or (B) general principles of equity and
the discretion of the court before which any proceeding therefore may be brought
(regardless of whether such enforcement is considered in a proceeding at law or
in equity) (collectively, the "ENFORCEABILITY EXCEPTIONS"), and (ii) any rights
to indemnity, or contribution under the Registration Rights Agreement may be
limited by federal and state securities laws and public policy considerations.

                           (d) The Shares have been duly authorized and, when
issued upon payment thereof in accordance with this Agreement, will have been
validly issued, fully paid and nonassessable. The capital stock of the Company,
including the Common Stock, conforms to the description thereof contained in the
Disclosure Documents. The stockholders of the Company have no preemptive or
similar rights with respect to the Common Stock.

                           (e) No consent, approval, authorization, license,
qualification, exemption or order of any court or governmental agency or body or
third party is required for the performance of the Basic Documents by the
Company or for the consummation by the Company of any of the transactions
contemplated thereby, or the application of the proceeds of the issuance of the
Shares as described in the Disclosure Documents, except for such consents,
approvals, authorizations, licenses, qualifications, exemptions or orders (i) as
have been obtained on or prior to the Closing Date, (ii) as are not required to
be obtained on or prior to the Closing Date that will be obtained when required,
or (iii) the failure to obtain which would not, individually or in the
aggregate, have a Material Adverse Effect; all such consents, approvals,
authorizations, licenses, qualifications, exemptions and orders set forth in the
Disclosure Documents which are required to be obtained by the Closing Date will
be in full force and effect as of the Closing Date and not the subject of any
pending or, to the best knowledge of the Company, threatened attack by appeal or
direct proceeding or otherwise.

                           (f) None of the Company or the Subsidiaries is (i) in
violation of its certificate of incorporation or bylaws (or similar
organizational document), (ii) in breach or violation of any statute, judgment,
decree, order, rule or regulation applicable to it or any of its properties or
assets, or (iii) in default (nor has any event occurred which with notice or
passage of time, or both, would constitute a default) in the performance or
observance of any obligation, agreement, covenant or condition contained in any
contract, indenture, mortgage, deed of trust, loan agreement, note, lease,
license, franchise agreement, permit, certificate or agreement or instrument to
which it is a party; which breach, violation, or default (with respect to any of
clauses (i) - (iii) of this Section 2(f)) would, individually or in the
aggregate, have a Material Adverse Effect.

                           (g) The execution, delivery and performance by the
Company of the Basic Documents and the consummation by the Company of the
transactions contemplated thereby and the fulfillment of the terms thereof will
not (a) violate, conflict with or constitute or result in a breach of or a
default under (or an event that, with notice or lapse of time, or both, would
constitute a breach of or a default under) any of (i) the terms or provisions of
any contract, indenture, mortgage, deed of trust, loan agreement, note, lease,
license, franchise agreement, permit, certificate or agreement or instrument to

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which any of the Company or the Subsidiaries is a party or to which any of their
respective properties or assets are subject, (ii) the certificate of
incorporation or bylaws of any of the Company or the Subsidiaries (or similar
organizational document) or (iii) any statute, judgment, decree, order, rule or
regulation of any court or governmental agency or other body applicable to the
Company or the Subsidiaries or any of their respective properties or assets or
(b) result in the imposition of any lien upon or with respect to any of the
properties or assets now owned or hereafter acquired by the Company or any of
the Subsidiaries; which violation, conflict, breach, default or lien (with
respect to any of clauses (a) or (b) of this Section 2(g)) would, individually
or in the aggregate, have a Material Adverse Effect.

                           (h) The audited consolidated financial statements
included in the Disclosure Documents present fairly the consolidated financial
position, results of operations, cash flows and changes in stockholders' equity
of the Company, at the dates and for the periods to which they relate and have
been prepared in accordance with generally accepted accounting principles
applied on a consistent basis; the interim unaudited consolidated financial
statements included in the Disclosure Documents present fairly the consolidated
financial position, results of operations and cash flows of the Company, at the
dates and for the periods to which they relate, subject to year-end audit
adjustments, and have been prepared in accordance with generally accepted
accounting principles applied on a consistent basis with the audited
consolidated financial statements included therein; the selected financial and
statistical data included in the Disclosure Documents present fairly the
information shown therein and have been prepared and compiled on a basis
consistent with the audited financial statements included therein, except as
otherwise stated therein; and PricewaterhouseCoopers LLP, which has examined
certain of such financial statements as set forth in its report included in the
Disclosure Documents, is an independent public accounting firm as required by
the Securities Act for an offering registered thereunder.

                           (i) Except as described in the Disclosure Documents,
there is not pending or, to the best knowledge of the Company, threatened any
action, suit, proceeding, inquiry or investigation, governmental or otherwise,
to which any of the Company or the Subsidiaries is a party, or to which their
respective properties or assets are subject, before or brought by any court,
arbitrator or governmental agency or body, that, if determined adversely to the
Company or any such Subsidiary, would, individually or in the aggregate, have a
Material Adverse Effect or that seeks to restrain, enjoin, prevent the
consummation of or otherwise challenge the issuance or sale of the Shares to be
sold hereunder or the application of the proceeds therefrom or the other
transactions described in the Disclosure Documents.

                           (j) None of the Company or the Subsidiaries has, or,
after giving effect to the issuance and sale of the Shares, will have, any
liability for any prohibited transaction (as defined in Section 406 of the
Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or
Section 4975 of the Internal Revenue Code of 1986, as amended (the "CODE")),
accumulated funding deficiency (as defined in Section 302 of ERISA) or any
complete or partial withdrawal from a multiemployer plan (as defined in Section
4001(a)(3) of ERISA), with respect to any plan (as defined in Section 3(3) of
ERISA) as to which the Company or any of the Subsidiaries has any liability.
With respect to such plans, the Company and the Subsidiaries are, and, after
giving effect to the issuance and sale of the Shares, will be, in compliance in
all material respects with all applicable provisions of the Code and ERISA.

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                           (k) The Company and the Subsidiaries own or possess
adequate licenses or other rights to use all patents, trademarks, service marks,
trade names, copyrights and know-how that are necessary to conduct their
businesses as described in the Disclosure Documents. Except as disclosed in the
Disclosure Documents, none of the Company or the Subsidiaries has received any
written notice of infringement of or conflict with (or knows of any such
infringement of or conflict with) asserted rights of others with respect to any
patents, trademarks, service marks, trade names, copyrights or know-how that, if
such assertion of infringement or conflict were sustained, would, individually
or in the aggregate, have a Material Adverse Effect.

                           (l) Each of the Company and the Subsidiaries
possesses all licenses, permits, certificates, consents, orders, approvals and
other authorizations from, and has made all declarations and filings with, all
federal, state, local and other governmental authorities, all self-regulatory
organizations and all courts and other tribunals presently required or necessary
to own or lease, as the case may be, and to operate its respective properties
and to carry on its respective businesses as now or proposed to be conducted as
set forth in the Disclosure Documents ("PERMITS"), except where the failure to
obtain such Permits would not, individually or in the aggregate, have a Material
Adverse Effect; each of the Company and the Subsidiaries has fulfilled and
performed all of its obligations with respect to such Permits and no event has
occurred which allows, or after notice or lapse of time would allow, revocation
or termination thereof or results in any other impairment of the rights of the
holder of any such Permit, except where such revocation, termination or
impairment would not, individually or in the aggregate, have a Material Adverse
Effect; and none of the Company or the Subsidiaries has received any written
notice of any proceeding relating to revocation or modification of any such
Permit, except as described in the Disclosure Documents and except where such
revocation or modification would not, individually or in the aggregate, have a
Material Adverse Effect.

                           (m) Subsequent to the respective dates as of which
information is given in the Disclosure Documents and except as described
therein, (i) the Company and the Subsidiaries have not incurred any material
liabilities or obligations, direct or contingent, or entered into any material
transactions not in the ordinary course of business, (ii) the Company and the
Subsidiaries have not purchased any of their respective outstanding capital
stock, or declared, paid or otherwise made any dividend or distribution of any
kind on any of their respective capital stock or otherwise (other than, with
respect to any of such Subsidiaries, the purchase of, or a dividend or
distribution on, capital stock owned by the Company), (iii) there has not been
any material change in the capital stock or any increase in the long-term
indebtedness of the Company or any of the Subsidiaries, (iv) there has not
occurred any event or condition, individually or in the aggregate, that has a
Material Adverse Effect and (v) the Company and the Subsidiaries have not
sustained any material loss or interference with respect to their respective
businesses or properties from fire, flood, hurricane, earthquake, accident or
other calamity, whether or not covered by insurance, or from any labor dispute
or any legal or governmental proceeding.

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                           (n) There are no legal or governmental proceedings
nor are there any contracts or other documents required by the Securities Act to
be described in a prospectus that are not described in the Disclosure Documents.
Except as described in the Disclosure Documents, none of the Company or the
Subsidiaries is in default under any of the contracts described in the
Disclosure Documents, has received a notice or claim of any such default or has
knowledge of any breach of such contracts by the other party or parties thereto,
except such defaults or breaches as would not, individually or in the aggregate,
have a Material Adverse Effect.

                           (o) Each of the Company and the Subsidiaries has good
title to all real property described in the Disclosure Documents as being owned
by it and valid and enforceable leases for all real property described therein
as being leased by it, free and clear of all liens, charges, encumbrances or
restrictions, except, in each case, as described in the Disclosure Documents or
such as would not, individually or in the aggregate, have a Material Adverse
Effect. All leases, contracts and agreements, including those referred to in the
Disclosure Documents, to which the Company or any of the Subsidiaries is a party
or by which any of them is bound are, to the knowledge of the Company, valid and
enforceable against the other party or parties thereto, except where the
invalidity or unenforceability would not, individually or in the aggregate, have
a Material Adverse Effect.

                           (p) Each of the Company and the Subsidiaries has
filed all necessary federal, state and foreign income and franchise tax returns,
except where the failure to so file such returns would not, individually or in
the aggregate, have a Material Adverse Effect, and has paid all taxes shown as
due thereon; and other than tax deficiencies which the Company or any Subsidiary
is contesting in good faith and for which adequate reserves have been provided
in accordance with generally accepted accounting principles, there is no tax
deficiency that has been asserted against the Company or any Subsidiary that
would, individually or in the aggregate, have a Material Adverse Effect.

                           (q) For purposes of this Agreement, the following
terms shall have the following meanings: "ENVIRONMENTAL LAW" means any federal,
state, local or municipal statute, law, rule, regulation, ordinance, code,
policy or rule of common law and any judicial or administrative interpretation
thereof, including any judicial or administrative order, consent decree or
judgment binding on any of the Company or the Subsidiaries, relating to
pollution or protection of the environment, natural resources or health or
safety including, without limitation, any relating to the release or threatened
release of any pollutant, contaminated substance, material, waste, chemical or
contaminant subject to regulation thereunder. Except as disclosed in the
Disclosure Documents and except as would not, individually or in the aggregate,
have a Material Adverse Effect, (A) each of the Company and the Subsidiaries is
in compliance with all, and is not subject to liability (including, without
limitation, fines or penalties) under any, applicable Environmental Laws, (B)
each of the Company and the Subsidiaries has made all filings and provided all
notices required under any applicable Environmental Law, and has all permits,
authorizations and approvals required under any applicable Environmental Laws
and is in compliance with their requirements, (C) there is no civil, criminal or
administrative action, suit, demand, claim, hearing, notice of violation,

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investigation, proceeding, notice or demand letter or request for information
pending or, to the best knowledge of the Company, threatened against the Company
or any of the Subsidiaries under any Environmental Law, (D) no lien, charge,
encumbrance or restriction has been recorded under any Environmental Law with
respect to any assets, facility or property owned, operated, leased or
controlled by the Company or any of the Subsidiaries, (E) neither the Company
nor any of the Subsidiaries is subject to any order, decree or agreement
requiring, or is otherwise obligated or required to perform any response or
corrective action relating to any hazardous material, (F) neither the Company
nor any of the Subsidiaries has received written notice that it has been
identified as a potentially responsible party under the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, as amended
("CERCLA"), or any comparable state law, (G) no property or facility of the
Company or any of the Subsidiaries is (i) listed or proposed for listing on the
National Priorities List under CERCLA or (ii) listed in the Comprehensive
Environmental Response, Compensation and Liability Information System List
promulgated pursuant to CERCLA, or on any comparable list maintained by any
state or local governmental authority and (H) there are no past or present
actions, events, operations or activities which could reasonably be expected to
prevent or interfere with compliance by the Company or any Subsidiary with any
applicable Environmental Law or to result in liability (including, without
limitation, fines or penalties) under any applicable Environmental Law.

                           (r) None of the Company or the Subsidiaries is, or
immediately after the Closing Date will be, required to register as an
"investment company" or a company "controlled by" an "investment company" within
the meaning of the Investment Company Act of 1940, as amended (the "INVESTMENT
COMPANY ACT").

                           (s) None of the Company or the Subsidiaries or any of
such entities' directors, officers, employees, agents or controlling persons has
taken, directly or indirectly, any action designed, or that might reasonably be
expected, to cause or result, under the Securities Acts or otherwise, in, or
that has constituted, stabilization or manipulation of the price of the Shares.

                           (t) None of the Company, the Subsidiaries or any of
their respective Affiliates (as defined in Rule 501(b) of Regulation D under the
Securities Act) has directly, or through any agent, (i) sold, offered for sale,
solicited offers to buy or otherwise negotiated in respect of any "security" (as
defined in the Securities Act) which is or could be integrated with the sale of
the Shares in a manner that would require the registration under the Securities
Act of the Shares or (ii) engaged in any form of general solicitation or general
advertising (as those terms are used in Regulation D under the Securities Act)
in connection with the offering of the Shares or in any manner involving a
public offering within the meaning of Section 4(2) of the Securities Act.
Assuming the accuracy of the representations and warranties of the Purchasers in
Section 8 hereof, it is not necessary in connection with the offer, sale and
delivery of the Shares to the Purchasers in the manner contemplated by this
Agreement to register any of the Shares under the Securities Act.

                           (u) Except as set forth in the Disclosure Documents,
there is no strike, labor dispute, slowdown or work stoppage with the employees
of the Company or any of the Subsidiaries which is pending or, to the best
knowledge of the Company, threatened.

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                           (v) Each of the Company and the Subsidiaries carries
insurance (including self-insurance) in such amounts and covering such risks as
in its reasonable determination is adequate for the conduct of its business and
the value of its properties.

                           (w) The Company (i) makes and keeps accurate books
and records and (ii) maintains internal accounting controls which provide
reasonable assurance that (A) transactions are executed in accordance with
management's authorization, (B) transactions are recorded as necessary to permit
preparation of its financial statements and to maintain accountability for its
assets, (C) access to its assets is permitted only in accordance with
management's authorization and (D) the reported accountability for its assets is
compared with existing assets at reasonable intervals.

                           (x) No holder of securities of the Company or any
Subsidiary will be entitled to have such securities (excluding the Shares)
registered under the Shelf Registration Statement.

                           (y) Except the fee payable to Roth Capital Partners,
LLC ("ROTH"), the Company does not know of any claims for services, either in
the nature of a finder's fee or financial advisory fee, with respect to the
offering of the Shares.

                           (z) The Common Stock is listed on the Nasdaq National
Market. The Company currently is not in violation of, and the consummation of
the transactions contemplated by the Basic Documents, will not violate, any rule
of the National Association of Securities Dealers, except that the Company may
issue the Shares prior to expiration of the full 15 day notice period set forth
in Section 4310(c)(17) of the NASD Manual.

                           (aa) The Company is eligible to use Form S-3 for the
resale of the Shares by Purchasers or their transferees. Any certificate signed
by any officer of the Company or any Subsidiary and delivered pursuant to this
Agreement shall be deemed a joint and several representation and warranty by the
Company to each Purchaser as to the matters covered thereby.

                           (bb) None of the Company, any of its Subsidiaries, or
to the Company's knowledge, any of its directors or officers (or any person
acting on behalf of the Company's directors or officers), has (i) made, paid or
received any unlawful bribes, kickbacks, stolen property or other similar
payments to or from any person or governmental authority, or (ii) made any
improper foreign payment (as defined in the Foreign Corrupt Practices Act).

                           (cc) Except as disclosed in Disclosure Documents,
none of the officers, directors, or, to the knowledge of the Company's officers,
the employees of the Company or any Subsidiary is presently a party to any
transaction with the Company or a Subsidiary or to a presently contemplated
transaction (other than for services as employees, officers and directors) that
would be required to be disclosed pursuant to Item 404 of Regulation S-K
promulgated under the Securities Act.

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                  3. AGREEMENT TO SELL AND PURCHASE THE SHARES.

                           (a) Subject to the terms of this Agreement, at the
Closing (as defined in Section 4(a)), the Company agrees to sell to each
Purchaser, and each Purchaser agrees to purchase from the Company, the number of
Shares set forth next to such Purchaser's signature on the counterpart execution
page hereof, at a purchase price of $2.40 per Share.

                           (b) Each Purchaser shall severally, and not jointly,
be liable for only the purchase of the number of Shares that appears next to
such Purchaser's signature on the counterpart execution page hereof. The
Company's agreement with each of the Purchasers is a separate agreement, and the
sale of Shares to each of the Purchasers is a separate sale. Except as provided
in Section 6(g), the obligations of each Purchaser hereunder are expressly not
conditioned on the purchase by any or all of the other Purchasers of the Shares
such other Purchasers have agreed to purchase.

                           (c) Each Purchaser understands and agrees that the
Company, in its sole discretion, reserves the right to accept or reject, in
whole or in part, any proposed purchase of Shares. The Company shall have no
obligation hereunder with respect to any Purchaser until the Company shall
execute and deliver to such Purchaser an executed copy of this Agreement. If
this Agreement is not executed and delivered by the Company or the offering is
terminated, this Agreement shall be of no further force and effect.

                  4. CLOSING; DELIVERY OF SHARES AT CLOSING.

                           (a) The closing of the purchase and sale of the
Shares pursuant to this Agreement (the "CLOSING") shall be held at 10:00 a.m.
(Pacific Time) on the date (the "CLOSING DATE") that all of the conditions to
closing set forth in Section 6 and Section 7 have been satisfied or waived by
the party in whose favor such conditions run, at the offices of O'Melveny &
Myers LLP, located at 114 Pacifica, Suite 100, Irvine, California, or on such
other date and place as may be agreed to by the Company and the Purchasers.

                           (b) At the Closing, the Company shall deliver to each
Purchaser stock certificates registered in the name of such Purchaser, or in
such nominee name(s) as designated by such Purchaser, representing the Shares to
be purchased by such Purchaser at the Closing, against payment by or on behalf
of the Purchasers, of the purchase price therefore by wire transfer of
immediately available funds to the account of the Company previously designated
to it by the Company in writing. The name(s) in which the stock certificates are
to be issued to each Purchaser as well as the number of Shares to be purchased
by each Purchaser are set forth in the Purchaser's counterpart execution page
hereto, as completed by each Purchaser.

                  5. CERTAIN COVENANTS. The Company covenants and agrees with
each Purchaser that:

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                           (a) None of the Company or any of its Affiliates will
sell, offer for sale or solicit offers to buy or otherwise negotiate in respect
of any "security" (as defined in the Securities Act) which would be integrated
with the sale of the Shares in a manner which would require the registration
under the Securities Act of the Shares.

                           (b) The Company will apply the net proceeds from the
sale of the Shares to pay a portion of the purchase price due in connection with
the Company's pending acquisition of all of the outstanding capital stock of
Simmons Outdoor Corporation, a Delaware corporation, ("SIMMONS").

                           (c) Except in connection with the filing of the Shelf
Registration Statement, the Company will not, and will not permit any of the
Subsidiaries to, engage in any form of general solicitation or general
advertising (as those terms are used in Regulation D under the Securities Act)
in connection with the offering of the Shares or in any manner involving a
public offering within the meaning of Section 4(2) of the Securities Act.

                           (d) The Company will not become, at any time prior to
the expiration of three years after the Closing Date, an open-end investment
company, unit investment trust, closed-end investment company or face-amount
certificate company that is or is required to be registered under Section 8 of
the Investment Company Act.

                           (e) The Company will file the additional listing
application for the Shares with the Nasdaq National Market prior to the Closing
Date and will use its best efforts to have the Shares listed on the Nasdaq
National Market on or prior to the effective date of the Shelf Registration
Statement.

                           (f) The Company will use its commercially reasonable
efforts to do and perform all things required to be done and performed by it
under this Agreement and the other Basic Documents prior to or after the Closing
Date and to satisfy all conditions precedent on its part to the obligations of
the Purchasers to purchase and accept delivery of the Shares.

                  6. CONDITIONS OF THE PURCHASERS' OBLIGATIONS. The obligation
of each Purchaser to purchase and pay for the Shares is subject to the following
conditions unless waived in writing by the relevant Purchaser:

                           (a) The representations and warranties of the Company
contained in this Agreement shall be true and correct in all material respects
(other than representations and warranties with a Material Adverse Effect
qualifier, which shall be true and correct as written) on and as of the Closing
Date; the Company shall have complied in all material respects with all
agreements and satisfied in all material respects all conditions on its part to
be performed or satisfied hereunder at or prior to the Closing Date.

                           (b) None of the issuance and sale of the Shares
pursuant to this Agreement or any of the transactions contemplated by any of the
other Basic Documents shall be enjoined (temporarily or permanently) and no
restraining order or other injunctive order shall have been issued in respect
thereof; and there shall not have been any legal action, order, decree or other
administrative proceeding instituted or, to the Company's knowledge, threatened
against the Company or against any Purchaser relating to the issuance of the
Shares or any Purchaser's activities in connection therewith or any other
transactions contemplated by this Agreement or the other Basic Documents.

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                           (c) The Purchasers shall have received certificates,
dated the Closing Date and signed by the chief financial officer of the Company,
to the effect of Sections 6(a) and (b).

                           (d) On or before the Closing Date, the Purchasers
shall have received the Registration Rights Agreement executed by the Company
and such agreement shall be in full force and effect at all times from and after
the Closing Date, subject to the Enforceability Exceptions.

                           (e) On or before the Closing Date, the Nasdaq
National Market shall have provided verbal confirmation that no approvals are
needed from such organization in order to consummate the sale of the Shares as
contemplated herein.

                           (f) The Purchasers shall have received an opinion of
Mark D. Peterson, Esq., counsel to the Company, with respect to the
authorization of the Shares and other customary matters in the form, with
respect to the opinions to be given, attached hereto as EXHIBIT A.

                           (g) The Company shall have issued and sold (or
concurrently issue and sell) at least 2,900,000 shares of its Common Stock to
the Purchasers at a purchase price of at least $2.40 per share.

                  7. CONDITIONS OF THE COMPANY'S OBLIGATIONS. The obligation of
the Company to issue the Shares is subject to the following conditions unless
waived in writing by the Company:

                           (a) None of the issuance and sale of the Shares
pursuant to this Agreement or any of the transactions contemplated by any of the
other Basic Documents shall be enjoined (temporarily or permanently) and no
restraining order or other injunctive order shall have been issued in respect
thereof; and there shall not have been any legal action, order, decree or other
administrative proceeding instituted or, to the Company's knowledge, threatened
against the Company or against any Purchaser relating to the issuance of the
Shares.

                           (b) On or before the Closing Date, the Nasdaq
National Market shall have provided verbal confirmation that no approvals are
needed from such organization in order to consummate the sale of the Shares as
contemplated herein.

                           (c) The closing of the Company's acquisition of
Simmons shall have occurred or shall concurrently occur with the Closing.

                           (d) The Company shall have issued and sold (or
concurrently issue and sell) at least 2,900,000 shares of its Common Stock to
the Purchasers at a purchase price of at least $2.40 per share.

                                       11
<PAGE>

                  8. REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS.

                           (a) Each Purchaser, severally and not jointly and as
to itself only, represents and warrants to the Company that the Shares to be
acquired by it hereunder are being acquired for its own account for investment
(and/or on behalf of managed accounts who are purchasing solely for their own
accounts for investment) and with no intention of distributing or reselling such
Shares or any part thereof or interest therein in any transaction which would be
in violation of the securities laws of the United States of America or any
State, without prejudice, however, to a Purchaser's right, subject to the
provisions of this Agreement and the Registration Rights Agreement, at all times
to sell or otherwise dispose of all or any part of such Shares under an
effective registration statement under the Securities Act and in compliance with
applicable state securities laws or under an exemption from such registration,
and subject, nevertheless, to the disposition of a Purchaser's property being at
all times within its control. By executing this Agreement, each Purchaser
further represents that such Purchaser does not have any contract, undertaking,
agreement or arrangement with any person to sell, transfer or grant
participation to any Person with respect to any of the Shares.

                           (b) Each Purchaser understands that the Shares have
not been registered under the Securities Act and may not be offered, resold,
pledged or otherwise transferred except (a) pursuant to an exemption from
registration under the Securities Act (and, if requested by the Company, based
upon an opinion of counsel acceptable to the Company) or pursuant to an
effective registration statement under the Securities Act and (b) in accordance
with all applicable securities laws of the states of the United States and other
jurisdictions.

                  Each Purchaser agrees to the imprinting, so long as
appropriate, of the following legend on the Shares:

                  THE SHARES OF COMMON STOCK EVIDENCED BY THIS CERTIFICATE HAVE
         NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED,
         AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED
         ("TRANSFERRED") IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE
         EXEMPTION THEREFROM. IN THE ABSENCE OF SUCH REGISTRATION, SUCH SHARES
         MAY NOT BE TRANSFERRED UNLESS, IF THE COMPANY REQUESTS, THE COMPANY HAS
         RECEIVED A WRITTEN OPINION FROM COUNSEL IN FORM AND SUBSTANCE
         SATISFACTORY TO THE COMPANY STATING THAT SUCH TRANSFER IS BEING MADE IN
         COMPLIANCE WITH ALL APPLICABLE FEDERAL AND STATE SECURITIES LAWS.

                  The legend set forth above may be removed if and when (i) the
Shares are disposed of pursuant to an effective registration statement under the
Securities Act, (ii) a registration statement registering the resale of the
Shares under the Securities Act has been declared effective by the Commission,
(iii) the Shares become available for resale under Rule 144(k) under the
Securities Act, or (iv) in the opinion of counsel to the Company experienced in
the area of United States Federal securities laws such legends are no longer
required under applicable requirements of the Securities Act. The Shares shall
also bear any other legends required by applicable Federal or state securities

                                       12
<PAGE>

laws, which legends may be removed when in the opinion of counsel to the Company
experienced in the applicable securities laws, the same are no longer required
under the applicable requirements of such securities laws. The Company agrees
that it will provide each Purchaser, upon request, with a substitute Share
certificate, not bearing such legend at such time as such legend is no longer
applicable. Each Purchaser agrees that, in connection with any transfer of
Shares by it pursuant to an effective registration statement under the
Securities Act, such Purchaser will comply with all prospectus delivery
requirements of the Securities Act. The Company makes no representation,
warranty or agreement as to the availability of any exemption from registration
under the Securities Act with respect to any resale of Shares.

                           (c) Each Purchaser is an institutional investor that
is an accredited investor within the meaning of Rule 501(a)(1), (2), (3) or (7)
of Regulation D under the Securities Act.

                           (d) Each Purchaser, severally and not jointly and as
to itself only, represents and warrants to the Company that it has such
knowledge, sophistication and experience in business and financial matters so as
to be capable of evaluating the merits and risks of the prospective investment
in the Shares, such Purchaser having been represented by counsel, and has so
evaluated the merits and risks of such investment and is able to bear the
economic risk of such investment and, at the present time, is able to afford a
complete loss of such investment.

                           (e) Each Purchaser, severally and not jointly and as
to itself only, represents and warrants to the Company that (i) the purchase of
the Shares to be purchased by it has been duly and properly authorized and this
Agreement has been duly executed and delivered by it or on its behalf and
constitutes the valid and legally binding obligation of such Purchaser,
enforceable against the Purchaser in accordance with its terms, subject to
bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and
similar laws of general applicability relating to or affecting creditors' rights
generally and to general principals of equity; (ii) the purchase of the Shares
to be purchased by it does not conflict with or violate its charter, by-laws or
any law, regulation or court order applicable to it; and (iii) the purchase of
Shares to be purchased by it does not impose any penalty or other onerous
condition on such Purchaser under or pursuant to any applicable law or
governmental regulation.

                           (f) Each Purchaser, severally and not jointly and as
to itself only, represents and warrants to the Company that neither it nor any
of its directors, officers, employees, agents, or controlling persons has taken,
directly or indirectly, any actions designed, or might reasonably be expected to
cause or result, under the Securities Acts or otherwise, in, or that has
constituted, stabilization, or manipulation of the price of the shares.

                           (g) Each Purchaser acknowledges receipt of the
Disclosure Documents and further acknowledges that it has been afforded (i) the
opportunity to ask such questions as it has deemed necessary of, and to receive
answers from, representatives of the Company concerning the terms and conditions
of the offering of the Shares and the merits and risks of investing in the
Shares; (ii) access to information about the Company and the Company's financial
condition, results of operations, business, properties, management and prospects

                                       13
<PAGE>

sufficient to enable it to evaluate its investment in the Shares; and (iii) the
opportunity to obtain such additional information which the Company possesses or
can acquire without unreasonable effort or expense that is necessary to verify
the accuracy and completeness of the information contained in the Disclosure
Documents. The foregoing shall not limit each Purchaser's right to rely on the
Company's representations and warranties contained in this Agreement.

                           (h) Each Purchaser understands and acknowledges that
(i) the net proceeds from the sale of the Shares will be used by the Company to
fund a portion of the purchase price for the Company's acquisition of all of the
outstanding capital stock of Simmons, (ii) such Purchaser has been afforded the
opportunity to ask such questions as it has deemed necessary of, and to receive
answers from, representatives of the Company concerning the terms and conditions
of the Simmons acquisition and the impact of such acquisition on the Company,
and (iii) neither financial statements or pro forma financial information with
respect to Simmons has been or will be made available to such Purchaser prior to
the Closing Date.

                           (i) Each Purchaser understands and acknowledges that
(i) the Shares are offered and sold without registration under the Securities
Act in a private placement that is exempt from the registration provisions of
the Securities Act and (ii) the availability of such exemption depends in part
on, and that the Company, its counsel and Roth will rely upon, the accuracy and
truthfulness of the foregoing representations and such Purchaser hereby consents
to such reliance.

                  9. SURVIVAL CLAUSE. The respective representations,
warranties, agreements and covenants of the Company and the Purchasers set forth
in this Agreement shall remain in full force and effect, regardless of (i) any
investigation made by or on behalf of the Company, any of its officers or
directors, or any Purchaser and (ii) delivery of, payment for or disposition of
the Shares, and shall be binding upon and shall inure to the benefit of any
successors, assigns, heirs or personal representatives of the Company and the
Purchasers.

                  10. TERMINATION.

                           (a) Unless the Closing has first occurred, this
Agreement shall terminate on October 31, 2002. Except as provided in Section
10(d), upon termination of this Agreement pursuant to this Section 10(a),
neither the Company nor any of the Purchasers shall have any obligation to the
other under this Agreement.

                           (b) This Agreement may be terminated in the sole
discretion of the Company by notice to each Purchaser severally and not jointly
if at the Closing Date:

                                    (i) the representations and warranties made
                           by such Purchaser in Section 8 are not true and
                           correct in all material respects; or

                                    (ii) as to the Company, the sale of the
                           Shares hereunder is prohibited or enjoined by any
                           applicable law or governmental regulation.

                                       14
<PAGE>

                           (c) This Agreement may be terminated in the sole
discretion of any Purchaser by notice to the Company given in the event that the
Company shall have failed, refused or been unable to satisfy all conditions on
its part to be performed or satisfied hereunder on or prior to the Closing Date
or if after the execution and delivery of this Agreement and prior to the
Closing Date:

                                    (i) trading in securities of the Company on
                           the NASDAQ National Market shall have been suspended;

                                    (ii) a banking moratorium shall have been
                           declared by New York or United States authorities; or

                                    (iii) there shall have been (A) an outbreak
                           or escalation of hostilities between the United
                           States and any foreign power, (B) an outbreak or
                           escalation of any other insurrection or armed
                           conflict involving the United States or any other
                           national or international calamity or emergency, or
                           (C) any material change in the financial markets of
                           the United States that, in the case of (A), (B) or
                           (C) above, in the sole judgment of any Purchaser,
                           makes it impracticable or inadvisable to proceed with
                           the delivery of the Shares as contemplated by this
                           Agreement.

                           (d) Nothing in this Section 10 shall be deemed to
release any party from any liability for any breach (prior to the termination of
this Agreement) by such party of the terms and provisions of this Agreement.

                  11. NOTICES. All communications hereunder shall be in writing
and, (i) if sent to a Purchaser, shall be hand delivered, mailed by first-class
mail, couriered by next-day air courier or telecopied and confirmed in writing
to their address on their signature page hereof and (ii) if sent to the Company,
shall be hand delivered, mailed by first-class mail, couriered by next-day air
courier or telecopied and confirmed in writing to Meade Instruments Corp., 6001
Oak Canyon, Irvine, CA 92618-5200, Attention: Legal Department, and with a copy
to J. Jay Herron, Esq., O'Melveny & Myers LLP, 114 Pacifica, Suite 100,Irvine,
CA 92618-3318.

                  All such notices and communications shall be deemed to have
been duly given: when delivered by hand, if personally delivered; five business
days after being deposited in the mail, postage prepaid, if mailed; one business
day after being timely delivered to a next-day air courier guaranteeing
overnight delivery; and when receipt is acknowledged by the addressee, if
telecopied.

                  12. SUCCESSORS. This Agreement shall not be assignable by any
Purchaser without the prior written consent of the Company, which consent shall
not be unreasonably withheld. This Agreement shall inure to the benefit of and
be binding upon each Purchaser and the Company and their respective permitted
successors and legal representatives, and nothing expressed or mentioned in this
Agreement is intended or shall be construed to give any other person any legal

                                       15
<PAGE>

or equitable right, remedy or claim under or in respect of this Agreement, or
any provisions herein contained; this Agreement and all conditions and
provisions hereof being intended to be and being for the sole and exclusive
benefit of such persons and for the benefit of no other person. No purchaser of
Shares from any Purchaser will be deemed a successor because of such purchase.

                  13. NO WAIVER; MODIFICATIONS IN WRITING. No failure or delay
on the part of the Company or any Purchaser in exercising any right, power or
remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any such right, power or remedy preclude any other or
further exercise thereof or the exercise of any other right, power or remedy.
The remedies provided for herein are cumulative and are not exclusive of any
remedies that may be available to the Company or any Purchaser at law or in
equity or otherwise. No waiver of or consent to any departure by the Company or
any Purchaser from any provision of this Agreement shall be effective unless
signed in writing by the party entitled to the benefit thereof, provided that
notice of any such waiver shall be given to each party hereto as set forth
below. Except as otherwise provided herein, no amendment, modification or
termination of any provision of this Agreement shall be effective unless signed
in writing by or on behalf of each of the Company and the relevant Purchaser.
Any amendment, supplement or modification of or to any provision of this
Agreement, any waiver of any provision of this Agreement, and any consent to any
departure by the Company or any Purchaser from the terms of any provision of
this Agreement shall be effective only in the specific instance and for the
specific purpose for which made or given. Except where notice is specifically
required by this Agreement, no notice to or demand on the Company in any case
shall entitle the Company to any other or further notice or demand in similar or
other circumstances.

                  14. ENTIRE AGREEMENT. This Agreement constitutes the entire
agreement among the parties hereto and supersedes all prior agreements,
understandings and arrangements, oral or written, among the parties hereto with
respect to the subject matter hereof.

                  15. APPLICABLE LAW. THE VALIDITY AND INTERPRETATION OF THIS
AGREEMENT, AND THE TERMS AND CONDITIONS SET FORTH HEREIN SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT
GIVING EFFECT TO PROVISIONS RELATING TO CONFLICTS OF LAW TO THE EXTENT THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

                  16. COUNTERPARTS. This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

                                       16
<PAGE>

                  If the foregoing correctly sets forth our understanding,
please indicate your acceptance thereof in the space provided below for that
purpose, whereupon this Agreement shall constitute a binding agreement among the
Company and the Purchasers.

                                          Very truly yours,

                                          MEADE INSTRUMENTS CORP.

                                          By:      /S/ Mark D. Peterson
                                              ---------------------------------
                                              Name:  Mark D. Peterson
                                              Title: Senior Vice President and
                                                     General Counsel

                                       17
<PAGE>

                      SUBSCRIPTION AGREEMENT SIGNATURE PAGE

Accepted and Agreed
                                           Number of Shares Purchased:  ________
_________________________________          Total Investment:  $_________________
Name of Purchaser (Print)

By: __________________________
       Name:__________________
       Title:_________________

Date:    ____________________________

Address: ____________________________

         ____________________________

         ____________________________

Telephone:___________________________

Facsimile:___________________________

Please register Shares as follows:
Name:    ____________________________

         ____________________________

         ____________________________

Tax I.D. Number of Person in whose name
the Shares are to be registered:
________________________________________

                                       18
<PAGE>

                                    EXHIBIT A
                                    ---------

                            _________________________

         (a) The Company has been duly incorporated, and is validly existing in
good standing under the laws of the State of Delaware, with corporate power to
own its properties and assets and to carry on its business as described in the
Disclosure Documents.

         (b) Each corporation identified in the Company Certificate as a
subsidiary of the Company (the "Subsidiaries"), is validly existing in good
standing under the laws of its state of incorporation, with corporate power to
own its properties and assets and to carry on its business as described in the
Disclosure Documents.

         (c) The authorized capital stock of the Company consists of 50,000,000
shares of common stock, $0.01 par value per share. To our knowledge, except as
set forth in the Registration Rights Agreement, no holder of securities of the
Company is entitled to have such securities registered under the Shelf
Registration Statement.

         (d) The Shares have been duly authorized by all necessary corporate
action on the part of the Company and, upon payment for and delivery of the
Shares in accordance with the Subscription Agreement and the countersigning of
the certificate or certificates representing the Shares by a duly authorized
signatory of the registrar for the Company's Common Stock, the Shares will be
validly issued, fully paid and non-assessable, and will not be issued in
violation of any preemptive rights pursuant to any Material Agreement. Holders
of the capital stock of the Company are not entitled to any preemptive right to
subscribe to any additional shares of the Company's capital stock under the
Company's Certificate of Incorporation or By-laws or the corporate law of the
state of incorporation of the Company. The term "MATERIAL AGREEMENTS" shall mean
only those agreements to which the Company is a party and which are listed as an
exhibit to the Company's most recently filed Annual Report on Form 10-K and
Quarterly Report on Form 10-Q.

         (e) The execution, delivery and performance of the Transaction
Documents have been duly authorized by all necessary corporate action on the
part of the Company, and the Transaction Documents have been duly executed and
delivered by the Company. The Subscription Agreement, the Engagement Letter and
the Registration Rights Agreement are herein collectively referred to as the
"TRANSACTION DOCUMENTS."

         (f) Each of the Transaction Documents constitutes a valid and legally
binding obligation of the Company, enforceable against the Company in accordance
with their terms, except as may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to or affecting creditors'
rights generally (including, without limitation, fraudulent conveyance laws) and
by general principles of equity, including, without limitation, concepts of
materiality, reasonableness, good faith and fair dealing and the possible
unavailability of specific performance or injunctive relief, regardless of
whether considered in a proceeding in equity or at law.

                                      A-1
<PAGE>

         (g) No order, consent, permit or approval of any California or federal
governmental authority that we have, in the exercise of customary professional
diligence, recognized as applicable to the Company or to transactions of the
type contemplated by the Transaction Documents is required on the part of the
Company for the execution and delivery of, and performance of its obligations
under, the Transaction Documents, except such consents, approvals,
authorizations, licenses, qualifications, exemptions or orders as may be
required under (i) the Securities Act of 1933, as amended (the "SECURITIES
ACT"), and state securities or Blue Sky laws in connection with registration,
pursuant to the Registration Rights Agreement, of the resale of the Shares and
(ii) federal or state securities or Blue Sky laws in connection with the
issuance and sale of the Shares pursuant to the Subscription Agreement.

         (h) The execution and delivery by the Company of the Transaction
Documents do not, and the Company's performance of its obligations under the
Transaction Documents will not, (i) violate the Company's Certificate of
Incorporation or By-laws, (ii) violate, breach, or result in a default under,
any existing obligation of or restriction on the Company under any Material
Agreement, or (iii) breach or otherwise violate any existing obligation of or
restriction on the Company under any order, judgment or decree of any California
or federal court or governmental authority binding on the Company identified in
the Company Certificate. We express no opinion as to the effect of the Company's
performance of its obligations in the Transaction Documents on the Company's
compliance with financial covenants in the Material Agreements.

         (i) To our knowledge, except as described in the Disclosure Documents,
there is not pending or threatened any action, suit, proceeding, inquiry or
investigation, governmental or otherwise, that (i) seeks to restrain, enjoin,
prevent the consummation of or otherwise challenge the issuance or sale of the
Shares or the application of the proceeds therefrom by the Company in the manner
described in the Subscription Agreement or (ii) if determined adversely to the
Company, is reasonably likely to have a Material Adverse Effect.

         (j) Assuming the accuracy of your representations in Section 8 of the
Subscription Agreement, it is not necessary in connection with the sale of the
Shares under the circumstances contemplated by the Subscription Agreement to
register the Shares under the Securities Act, it being understood that no
opinion is expressed as to any subsequent resale of any of the Shares. We
express no opinion as to the securities laws of any jurisdiction.

                                      A-2<PAGE>

                                                                   Exhibit 10.49

                             MEADE INSTRUMENTS CORP.

                             UP TO 3,296,000 SHARES

                                  COMMON STOCK

                          REGISTRATION RIGHTS AGREEMENT
                          -----------------------------

                                                                October 22, 2002

TO EACH OF THE PURCHASERS
NAMED ON THE SIGNATURE PAGES HEREOF

Ladies and Gentlemen:

                  Meade Instruments Corp., a Delaware corporation (the
"Company"), proposes to issue and sell to the Purchasers (as defined herein)
upon the terms set forth in the Subscription Agreement (as defined herein) up to
3,296,000 shares of its common stock, par value $0.01 per share (the
"Securities"). As an inducement to the Purchasers to enter into the Subscription
Agreement and in satisfaction of a condition to the obligations of the
Purchasers thereunder, the Company agrees with the Purchasers for the benefit of
holders (as defined herein) from time to time of the Registrable Securities (as
defined herein) as follows:

                  1.       DEFINITIONS.

                           (a) Capitalized terms used herein without definition
shall have the meanings ascribed thereto in the Subscription Agreement. As used
in this Agreement, the following defined terms shall have the following
meanings:

                  "AFFILIATE" of any specified person means any other person
which, directly or indirectly, is in control of, is controlled by, or is under
common control with such specified person. For purposes of this definition,
control of a person means the power, direct or indirect, to direct or cause the
direction of the management and policies of such person whether by contract or
otherwise; and the terms "controlling" and "controlled" have meanings
correlative to the foregoing.

                  "BUSINESS DAY" means each Monday, Tuesday, Wednesday, Thursday
and Friday that is not a day on which banking institutions in New York, New York
are authorized or obligated by law or executive order to close.

<PAGE>

                  "CLOSING DATE" has the meaning in the Subscription Agreement.

                  "CLOSING PRICE" as of any date means the closing price of one
share of Common Stock as reported by the Nasdaq National Market on such date.

                  "COMMISSION" means the United States Securities and Exchange
Commission, or any other federal agency at the time administering the Exchange
Act or the Securities Act, whichever is the relevant statute for the particular
purpose.

                  "COMMON STOCK" means the Company's common stock, par value
$0.01 per share.

                  "DELAY CONDITIONS" means (i) the Company is in possession of
material non-public information the disclosure of which would have a material
adverse effect on the business, operations, prospects, condition (financial or
otherwise) of the Company and its subsidiaries, taken as a whole or (ii) the
Board of Directors of the Company determines in good faith that as a result of
the occurrence or existence of any pending corporate development with respect to
the Company, a failure by the Company to cause (A) a delay in the effectiveness
of the Shelf Registration Statement, (B) or the Shelf Registration Statement
ceasing to be effective, or (C) a Prospectus thereunder ceasing to be usable, as
the case may be, would have a material adverse effect on the business,
operations, prospects, condition (financial or otherwise) of the Company and its
subsidiaries, taken as a whole. The Delay Conditions shall not include any
material non-public information or corporate development known to the Company as
of the date hereof. The Delay Conditions shall be deemed to no longer exist if
(x) in the case of clause (i) above, the Board of Directors of the Company
determines in good faith that the disclosure of such material information would
not be prejudicial to or contrary to the interest of the Company and (y) in the
case of clause (ii) above, the Board of Directors of the Company determines in
good faith that such delay or cessation is no longer appropriate.

                  "EFFECTIVENESS PERIOD" has the meaning assigned thereto in
Section 2(b)(i) hereof.

                  "EFFECTIVE TIME" means the date on which the Commission
declares the Shelf Registration Statement effective or on which the Shelf
Registration Statement otherwise becomes effective.

                  "EFFECTIVENESS DEADLINE DATE" means the date which is 90 days
from the Closing Date if the Commission determines not to review the Shelf
Registration Statement, or if the Commission determines to review the Shelf
Registration Statement, then Effectiveness Deadline Date means the date which is
120 days from the Closing Date; PROVIDED that, in either case, the Effectiveness
Deadline Date may be postponed for up to 60 days if and so long as the Delay
Conditions exist.

                  "ELECTING HOLDER" has the meaning assigned thereto in Section
3(a)(ii) hereof.

                                       2
<PAGE>

                  "EXCHANGE ACT" means the United States Securities Exchange Act
of 1934, as amended.

                  "FILING DEADLINE DATE" means the date which is the earlier to
occur of (i) 30 days from the Closing Date or (ii) the date which is five (5)
business days following the later to occur of (A) the receipt by the Company of
audited financial statements of Simmons Outdoor Corporation, a Delaware
corporation ("SIMMONS"), meeting the requirements of Rule 3-05 of Regulation
S-X, and (B) the completion by the Company (including review by the Company's
independent auditors) of pro forma financial information (with respect to its
proposed acquisition of Simmons) meeting the requirements of Article 11 of
Regulation S-X.

                  "HOLDER" means, when used with respect to any Security, the
record holder of such Security.

                  "MANAGING UNDERWRITERS" means the investment banker or
investment bankers and manager or managers that shall administer an underwritten
offering, if any, conducted pursuant to Section 6 hereof.

                  "MAXIMUM DELAY PERIOD" means 60 consecutive days (or 60 days
in the aggregate in any calendar year); provided that the Maximum Delay Period
shall be reduced by the number of days in which the Effectiveness Deadline Date
was postponed pursuant to the proviso in the definitions thereof.

                  "NASD RULES" means the Rules of the National Association of
Securities Dealers, Inc., as amended from time to time.

                  "NOTICE AND QUESTIONNAIRE" means a Notice of Registration
Statement and Selling Securityholder Questionnaire, substantially in the form of
Exhibit A attached hereto, relating to the Securities.

                  "PERSON" means an individual, partnership, corporation, trust
or unincorporated organization, or a government or agency or political
subdivision thereof.

                  "PROSPECTUS" means the prospectus (including, without
limitation, any preliminary prospectus, any final prospectus and any prospectus
that discloses information previously omitted from a prospectus filed as part of
an effective registration statement in reliance upon Rule 430A under the
Securities Act) included in the Shelf Registration Statement, as amended or
supplemented by any prospectus supplement with respect to the terms of the
offering of any portion of the Registrable Securities covered by the Shelf
Registration Statement and by all other amendments and supplements to such
prospectus, including all material incorporated by reference in such prospectus
and all documents filed after the date of such prospectus by the Company under
the Exchange Act and incorporated by reference therein.

                  "PURCHASERS" means the Purchasers named on the signature pages
of the Subscription Agreement.

                                       3
<PAGE>

                  "REGISTRABLE SECURITIES" means all or any portion of the
Securities; PROVIDED, HOWEVER, that a security ceases to be a Registrable
Security when it is no longer a Restricted Security.

                  "RESTRICTED SECURITY" means any Security except any such
Security that (i) the resale of which has been registered pursuant to an
effective registration statement under the Securities Act and sold in a manner
contemplated by the Shelf Registration Statement, (ii) has been transferred in
compliance with Rule 144 under the Securities Act (or any successor provision
thereto) such that after such transfer the transferred securities are no longer
"restricted securities" as such term is defined under Rule 144, or is
transferable pursuant to paragraph (k) of Rule 144 (or any successor provision
thereto) or (iii) has otherwise been transferred and a new Security not subject
to transfer restrictions under the Securities Act has been delivered by or on
behalf of the Company.

                  "RULES AND REGULATIONS" means the published rules and
regulations of the Commission promulgated under the Securities Act or the
Exchange Act, as in effect at any relevant time.

                  "SECURITIES ACT" means the United States Securities Act of
1933, as amended.

                  "SHELF REGISTRATION" means a registration effected pursuant to
Section 2 hereof.

                  "SHELF REGISTRATION STATEMENT" means a "shelf" registration
statement filed under the Securities Act providing for the registration of the
resale of, on a continuous or delayed basis by the holders of, all of the
Registrable Securities pursuant to Rule 415 under the Securities Act and/or any
similar rule that may be adopted by the Commission, filed by the Company
pursuant to the provisions of Section 2 of this Agreement, including the
Prospectus contained therein, any amendments and supplements to such
registration statement, including post-effective amendments, and all exhibits
and all material incorporated by reference in such registration statement.

                  "SUBSCRIPTION AGREEMENT" means the Subscription Agreement,
dated as of the date hereof, between the Company and the Purchasers.

                  "UNDERWRITER" means any underwriter of Registrable Securities
in connection with an offering thereof under a Shelf Registration Statement.

                  2.       SHELF REGISTRATION.

                           (a) The Company shall, (1) use its reasonable best
efforts to file with the Commission a Shelf Registration Statement relating to
the offer and sale of the Registrable Securities on or prior to the Filing
Deadline Date and (2) use its reasonable best efforts to cause such Shelf
Registration Statement to be declared effective under the Securities Act on or
prior to the Effectiveness Deadline Date; provided, however, that no holder
shall be entitled to be named as a selling securityholder in the Shelf
Registration Statement or to use the Prospectus for resales of Registrable
Securities unless such holder is an Electing Holder.

                                       4
<PAGE>

                  If (x) such Shelf Registration Statement covering the
Registrable Securities is not filed with the Commission on or prior to the
Filing Deadline Date, (y) such Shelf Registration Statement covering the
Registrable Securities is not declared effective by the Commission on or prior
to the Effectiveness Deadline Date or (z) such Shelf Registration Statement
ceases to be effective or any Prospectus thereunder ceases to be usable with
respect to any Registrable Securities, the Company will make pro rata payments
to each Purchaser, as liquidated damages and not as a penalty, in an amount per
30-day period (or pro rata portion thereof) equal to 2.0% of the aggregate
amount paid by such Purchaser on the Closing Date to the Company in respect of
the then Registrable Securities (i) in the case of clause (x), for the period
from the Filing Deadline Date to the date on which such Shelf Registration
Statement is filed, (ii) in the case of clause (y), for the period from the
Effectiveness Deadline Date to the date on which such Shelf Registration
Statement becomes effective and (iii) in the case of clause (z), for any period
in excess of the Maximum Delay Period in which such Shelf Registration Statement
ceases to be effective or any Prospectus thereunder ceases to be usable with
respect to any Registrable Securities. No such payments shall be payable in
respect of any Securities that are not Registrable Securities. Such payments
shall be made to each Purchaser in cash not later than three Business Days
following the end of each 30-day period.

                           (b) The Company shall use all reasonable efforts:

                                    (i) to keep the Shelf Registration Statement
                           continuously effective in order to permit the
                           Prospectus to be usable by holders for resales of
                           Registrable Securities until the earlier of (A) the
                           sale under the Shelf Registration Statement of all
                           the Registrable Securities registered thereunder and
                           (B) all of the Securities ceasing to be Restricted
                           Securities (such period being referred to herein as
                           the "Effectiveness Period");

                                    (ii) after the Effective Time, promptly upon
                           the request of any transferee that is a holder of
                           Registrable Securities that did not have an
                           opportunity to become an Electing Holder prior to the
                           Effective Time, to take any action reasonably
                           necessary to enable such holder to use the Prospectus
                           for resales of Registrable Securities, including
                           without limitation any action necessary to identify
                           such holder as a selling securityholder in the Shelf
                           Registration Statement; PROVIDED, HOWEVER, that
                           nothing in this subparagraph shall relieve such
                           holder of the obligation to return a completed and
                           signed Notice and Questionnaire to the Company in
                           accordance with Section 3(a) hereof; and

                                    (iii) after the Effective Time, so long as
                           the Company is obligated to add holders pursuant to
                           clause (ii) immediately above, upon the request of
                           any other holder of Registrable Securities that is
                           not then an Electing Holder, to take any action
                           reasonably necessary to enable such holder to use the
                           Prospectus for resales of Registrable Securities,
                           including without limitation any action necessary to
                           identify such holder as a selling securityholder in
                           the Shelf Registration Statement; PROVIDED, HOWEVER,

                                       5
<PAGE>

                           that nothing in this subparagraph shall relieve such
                           holder of the obligation to return a completed and
                           signed Notice and Questionnaire to the Company in
                           accordance with Section 3(a) hereof.

                  3. REGISTRATION PROCEDURES. In connection with the Shelf
Registration Statement, the following provisions shall apply:

                           (a) The Company shall mail the Notice and
Questionnaire to the holders of Registrable Securities. No holder shall be
entitled to be named as a selling securityholder in the Shelf Registration
Statement as of the Effective Time, and no holder shall be entitled to use the
Prospectus for resales of Registrable Securities at any time unless such holder
has returned a completed and signed Notice and Questionnaire to the Company by
the deadline for response set forth therein; PROVIDED, HOWEVER, holders of
Registrable Securities shall have at least 10 calendar days from the date on
which the Notice and Questionnaire is first mailed to such holders to return a
completed and signed Notice and Questionnaire to the Company. The term "Electing
Holder" shall mean any holder of Registrable Securities that has returned a
completed and signed Notice and Questionnaire to the Company in accordance with
Section 3(a) hereof.

                           (b) The Company shall furnish to each Electing
Holder, counsel to the Electing Holders, and the Managing Underwriters, if any,
no fewer than five Business Days prior to the initial filing of the Shelf
Registration Statement, a copy of such Shelf Registration Statement, and shall
furnish to such holders, counsel to such holders, and the Managing Underwriters,
if any, no fewer than two Business Days prior to the filing of any amendment or
supplement to the Prospectus, a copy of such amendment or supplement and shall
use all reasonable efforts to reflect in each such document when so filed with
the Commission such comments as such holders and their respective counsel
reasonably may propose; provided, however, that the Company shall make the final
decision as to the form and content of each such document. If any such Shelf
Registration Statement refers to any Electing Holder by name or otherwise as the
holder of any securities of the Company, then such Electing Holder shall have
the right to require (i) the insertion therein of language, in form and
substance reasonably satisfactory to such Electing Holder, to the effect that
the holding by such Electing Holder of such securities is not to be construed as
a recommendation by such Electing Holder of the investment quality of the
Company's securities covered thereby and that such holding does not imply that
such Electing Holder will assist in meeting any future financial requirements of
the Company or (ii) in the event that such reference to such Electing Holder by
name or otherwise is not required by the Securities Act or any similar Federal
statute then in force, the deletion of the reference to such Electing Holder in
any amendment or supplement to the Registration Statement filed or prepared
subsequent to the time that such reference ceases to be required.

                           (c) From the date hereof until the end of the
Effectiveness Period, the Company shall (subject to paragraph (j) below)
promptly take such action as may be necessary so that (i) each of the Shelf
Registration Statement and any amendment thereto and the Prospectus and any
amendment or supplement thereto (and each report or other document incorporated
by reference therein in each case) complies in all material respects with the
Securities Act and the Exchange Act and the respective rules and regulations

                                       6
<PAGE>

thereunder, (ii) each of the Shelf Registration Statement and any amendment
thereto does not, when it becomes effective, contain an untrue statement of a
material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading and (iii) each of the Prospectus and any
amendment or supplement to the Prospectus does not at any time during the
Effectiveness Period include an untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading.

                           (d) The Company shall promptly (but in any event no
later than one Business Day after such occurrence) advise each Electing Holder,
and shall confirm such advice in writing if so requested by any such holder
(which notice pursuant to clauses (ii) through (iv) hereof shall be accompanied
by an instruction to suspend the use of the Prospectus until the requisite
changes have been made):

                                    (i) when the Shelf Registration Statement
                           and any amendment thereto has been filed with the
                           Commission and when the Shelf Registration Statement
                           or any post-effective amendment thereto has become
                           effective;

                                    (ii) of the issuance by the Commission or
                           any other federal or state governmental authority of
                           any stop order suspending the effectiveness of the
                           Shelf Registration Statement or the initiation of any
                           proceedings for such purpose;

                                    (iii) of the receipt by the Company of any
                           notification with respect to the suspension of the
                           qualification of the securities included in the Shelf
                           Registration Statement for sale in any jurisdiction
                           or the initiation of any proceeding for such purpose;
                           and

                                    (iv) if changes in the Shelf Registration
                           Statement or the Prospectus are required in order
                           that the Shelf Registration Statement and Prospectus
                           do not contain an untrue statement of a material fact
                           and do not omit to state a material fact required to
                           be stated therein or necessary to make the statements
                           therein (in the case of the Prospectus, in light of
                           the circumstances under which they were made) not
                           misleading.

                           (e) The Company shall use its reasonable efforts to
prevent the issuance, and if issued to obtain the withdrawal, of any order
suspending the effectiveness of the Shelf Registration Statement at the earliest
possible time.

                                       7
<PAGE>

                           (f) The Company shall furnish to each requesting
Electing Holder, without charge, at least one copy of the Shelf Registration
Statement and all post-effective amendments thereto, including financial
statements and schedules, and, if such holder so requests in writing, all
reports, other documents and exhibits that are filed with or incorporated by
reference in the Shelf Registration Statement.

                           (g) The Company shall, during the Effectiveness
Period, deliver to each Electing Holder, without charge, as many copies of the
Prospectus (including each preliminary Prospectus) and any amendment or
supplement thereto as such Electing Holder may reasonably request; and the
Company consents (except during the continuance of any event described in
Section 3(d)(iv) above) to the use of the Prospectus and any amendment or
supplement thereto by each of the Electing Holders in connection with the
offering and sale of the Registrable Securities covered by the Prospectus and
any amendment or supplement thereto during the Effectiveness Period.

                           (h) Prior to any offering of Registrable Securities
pursuant to the Shelf Registration Statement, the Company shall (i) register or
qualify or cooperate with the Electing Holders and a single counsel for the
Electing Holders in connection with the registration or qualification of such
Registrable Securities for offer and sale under the securities or "blue sky"
laws of such jurisdictions within the United States as any Electing Holder may
reasonably request, (ii) keep such registrations or qualifications in effect and
comply with such laws so as to permit the continuance of offers and sales in
such jurisdictions for so long as may be necessary to enable any Electing Holder
or underwriter, if any, to complete its distribution of Registrable Securities
pursuant to the Shelf Registration Statement, and (iii) take any and all other
actions necessary or advisable to enable the disposition in such jurisdictions
of such Registrable Securities; PROVIDED, HOWEVER, that in no event shall the
Company be obligated to (A) qualify as a foreign corporation or as a dealer in
securities in any jurisdiction where it would not otherwise be required to so
qualify but for this Section 3(h) or (B) file any general consent to service of
process in any jurisdiction where it is not as of the date hereof so subject.

                           (i) The Company shall cooperate with the Electing
Holders to facilitate the timely preparation and delivery of certificates
representing Registrable Securities to be sold pursuant to the Shelf
Registration Statement, which certificates shall not bear any restrictive
legends and shall meet the requirements of any securities exchange on which the
Company's Common Stock is then listed and which certificates shall be in such
permitted denominations and registered in such names as Electing Holders may
request in connection with the sale of Registrable Securities pursuant to the
Shelf Registration Statement.

                           (j) Upon the occurrence of any fact or event
contemplated by paragraph 3(d)(iv) above, the Company shall (subject to the next
sentence) promptly prepare a post-effective amendment or supplement to the Shelf
Registration Statement or the Prospectus, or any document incorporated therein
by reference, or file any other required document so that, as thereafter
delivered to purchasers of the Registrable Securities included therein, the
Prospectus will not include an untrue statement of a material fact or omit to
state any material fact necessary to make the statements therein, in the light
of the circumstances under which they were made, not misleading. If the Company
notifies the Electing Holders in accordance with clauses (ii) through (iv) of
paragraph 3(d) above to suspend the use of the Prospectus until the requisite
changes to the Prospectus have been made, then each Electing Holder shall

                                       8
<PAGE>

suspend the use of the Prospectus until (i) such Electing Holder has received
copies of the supplemented or amended Prospectus contemplated by the preceding
sentence or (ii) such Electing Holder is advised in writing by the Company that
the use of the Prospectus may be resumed and has received copies of any
additional or supplemental filings that are incorporated by reference in the
Prospectus. Notwithstanding the foregoing, but subject to Section 6 hereof, the
Company may suspend the use of the Prospectus and shall not be required to amend
or supplement the Shelf Registration Statement, any related Prospectus or any
document incorporated by reference, for a period not to exceed the Maximum Delay
Period if and so long as the Delay Conditions exist.

                           (k) The Company shall use all reasonable efforts to
comply with all applicable Rules and Regulations, and to make generally
available to its securityholders as soon as practicable, but in any event not
later than eighteen months after (i) the effective date (as defined in Rule
158(c) under the Securities Act) of the Shelf Registration Statement, (ii) the
effective date of each post-effective amendment to the Shelf Registration
Statement, and (iii) the date of each filing by the Company with the Commission
of an Annual Report on Form 10-K that is incorporated by reference in the Shelf
Registration Statement, an earnings statement of the Company and its
subsidiaries complying with Section 11(a) of the Securities Act and the Rules
and Regulations of the Commission thereunder (including, at the option of the
Company, Rule 158).

                           (l) In the event of an underwritten offering
conducted pursuant to Section 6 hereof, the Company shall (subject to paragraph
3(j) above), if requested, promptly include or incorporate in a Prospectus
supplement or post-effective amendment to the Shelf Registration Statement such
information as the Managing Underwriters reasonably agree should be included
therein and to which the Company does not reasonably object and shall (subject
to paragraph 3(j) above) make all required filings of such Prospectus supplement
or post-effective amendment as soon as practicable after it is notified of the
matters to be included or incorporated in such Prospectus supplement or
post-effective amendment.

                           (m) The Company shall enter into such customary
agreements (including an underwriting agreement in customary form in the event
of an underwritten offering conducted pursuant to Section 6 hereof) and take all
other appropriate action in order to expedite and facilitate the registration
and disposition of the Registrable Securities, and in connection therewith, if
an underwriting agreement is entered into, cause the same to contain
indemnification provisions and procedures substantially identical to those set
forth in Section 5 hereof with respect to all parties to be indemnified pursuant
to Section 5 hereof; provided, however, the Company shall not be required to
facilitate an underwritten offering pursuant to the Shelf Registration Statement
by any holders unless the offering relates to at least 25% of the Securities
sold pursuant to the Subscription Agreement.

                           (n) The Company shall:

                                       9
<PAGE>

                                    (i) (A) make reasonably available for
                           inspection by requesting Electing Holders, any
                           underwriter participating in any disposition pursuant
                           to the Shelf Registration Statement, and any attorney
                           selected in accordance with Section 4(b) hereof, one
                           accountant and any other agent retained by such
                           holders or any such underwriter all relevant
                           financial and other records, pertinent corporate
                           documents and properties of the Company and its
                           subsidiaries and (B) cause the Company's officers,
                           directors and employees to supply all information
                           reasonably requested by such holders or any such
                           underwriter, attorney, accountant or agent in
                           connection with the Shelf Registration Statement, in
                           each case, as is customary for similar due diligence
                           examinations; PROVIDED, HOWEVER, that all records,
                           information and documents that are designated in
                           writing by the Company, in good faith, as
                           confidential shall be kept confidential by such
                           holders and any such underwriter, attorney,
                           accountant or agent, unless such disclosure is made
                           in connection with a court proceeding or required by
                           law, or such records, information or documents become
                           available to the public generally or through a third
                           party without an accompanying obligation of
                           confidentiality; and PROVIDED, FURTHER that, if the
                           foregoing inspection and information gathering would
                           otherwise disrupt the Company's conduct of its
                           business, such inspection and information gathering
                           shall, to the greatest extent possible, be
                           coordinated on behalf of the requesting Electing
                           Holders and the other parties entitled thereto by one
                           counsel designated by and on behalf of Electing
                           Holders and other parties;

                                    (ii) in connection with any underwritten
                           offering conducted pursuant to Section 6 hereof, make
                           such representations and warranties to the Electing
                           Holders participating in such underwritten offering
                           and to the Managing Underwriters, in form, substance
                           and scope as are customarily made by the Company to
                           underwriters in comparable underwritten offerings of
                           equity securities;

                                    (iii) in connection with any underwritten
                           offering conducted pursuant to Section 6 hereof,
                           obtain opinions of counsel to the Company (which
                           counsel and opinions (in form, scope and substance)
                           shall be reasonably satisfactory to the Managing
                           Underwriters) addressed to each requesting Electing
                           Holder, covering such matters as are customarily
                           covered in opinions requested in comparable
                           underwritten offerings of equity securities (it being
                           agreed that the matters to be covered shall include,

                                       10
<PAGE>

                           without limitation, as of the date of the opinion and
                           as of the Effective Time or the date of the most
                           recent post-effective amendment thereto, as the case
                           may be, comment of such counsel as to the absence, to
                           such counsel's knowledge, from the Shelf Registration
                           Statement and the Prospectus, including the documents
                           incorporated by reference therein, of an untrue
                           statement of a material fact or the omission of a
                           material fact required to be stated therein or
                           necessary to make the statements therein (in the case
                           of the Prospectus, in light of the circumstances
                           under which they were made) not misleading);

                                    (iv) in connection with any underwritten
                           offering conducted pursuant to Section 6 hereof,
                           obtain "cold comfort" letters and updates thereof
                           from the independent public accountants of the
                           Company (and, if necessary, from the independent
                           public accountants of any subsidiary of the Company
                           or of any business acquired by the Company for which
                           financial statements and financial data are, or are
                           required to be, included in the Shelf Registration
                           Statement), addressed to each requesting Electing
                           Holder (if such Electing Holder has provided such
                           letter, representations or documentation, if any,
                           required for such cold comfort letter to be so
                           addressed) and the underwriters, in customary form
                           and covering matters of the type customarily covered
                           in "cold comfort" letters in connection with
                           comparable underwritten offerings;

                                    (v) in connection with any underwritten
                           offering conducted pursuant to Section 6 hereof,
                           deliver such documents and certificates as may be
                           reasonably requested by any Electing Holders and the
                           Managing Underwriters, if any, including without
                           limitation certificates to evidence compliance with
                           Section 3(j) hereof and with any conditions contained
                           in the underwriting agreement or other agreements
                           entered into by the Company in connection therewith.

                           (o) The Company will use all reasonable efforts to
cause the Securities to be listed on the Nasdaq National Market or other stock
exchange or trading system, if any, on which the Common Stock primarily trades
on or prior to the Effective Time.

                           (p) The Company shall use all reasonable efforts to
take all other steps necessary to effect the registration, offering and sale of
the Registrable Securities covered by the Shelf Registration Statement
contemplated hereby.

                  4.       REGISTRATION EXPENSES.

                           (a) All fees and expenses incident to the performance
of or compliance with this Agreement by the Company shall be borne by it whether
or not any Shelf Registration Statement is filed or becomes effective and
whether or not any securities are issued or sold pursuant to any Shelf
Registration Statement. The fees and expenses referred to in the foregoing
sentence shall include, without limitation, (i) all registration and filing fees
(including without limitation fees and expenses (A) with respect to filings
required to be made with the National Association of Securities Dealers, Inc.
and (B) in compliance with securities or Blue Sky laws (including without
limitation and in addition to that provided for in (b) below, reasonable fees
and disbursements of counsel for the underwriters or counsel for the holders of
Registrable Securities in connection with Blue Sky qualifications of the
Registrable Securities )), (ii) printing expenses (including without limitation
expenses of printing certificates for Registrable Securities and of printing
Prospectuses if the printing of Prospectuses is in the opinion of the Managing

                                       11
<PAGE>

Underwriters, if any, appropriate to consummate the offering), (iii) fees and
disbursements of counsel for the Company and one counsel for the holders of
Registrable Securities, in accordance with the provisions of Section 4(b)
hereof, (iv) fees and disbursements of all independent certified public
accountants referred to in Section 3(n)(iv) hereof (including without limitation
the expenses of any special audit and "cold comfort" letters required by or
incident to such performance), (v) Securities Act liability insurance, if the
Company desires such insurance, and (vi) fees and expenses of all other persons
retained by the Company. In addition, the Company shall pay its internal
expenses (including without limitation all salaries and expenses of its officers
and employees performing legal or accounting duties), the expense of any annual
audit, and the fees and expenses incurred in connection with the listing of the
Securities on the Nasdaq National Market. Notwithstanding the foregoing or
anything in this Agreement to the contrary, each holder of the Registrable
Securities being registered shall pay all commissions, placement agent fees and
underwriting discounts and commissions with respect to any Registrable
Securities sold by it and the fees and disbursements of any counsel or other
advisors or experts retained by such holders (severally or jointly), other than
counsel referred to in clause (iii) above.

                           (b) In connection with any registration hereunder,
the Company shall reimburse the holders of the Registrable Securities being
registered in such registration for the reasonable fees and disbursements of not
more than one counsel chosen by the holders of a majority of the Registrable
Securities for whose benefit the applicable Shelf Registration Statement is
being prepared, in an amount not to exceed $25,000.

                  5.       INDEMNIFICATION AND CONTRIBUTION.

                           (a) Indemnification by the Company.

                                    (i) The Company shall indemnify and hold
                           harmless each Electing Holder and each underwriter,
                           selling agent or other securities professional, if
                           any, which facilitates the disposition of Registrable
                           Securities, and each of their respective officers and
                           directors and each person who controls such Electing
                           Holder, underwriter, selling agent or other
                           securities professional within the meaning of Section
                           15 of the Securities Act or Section 20 of the
                           Exchange Act (each such person being sometimes
                           referred to as an "Indemnified Person") against any
                           losses, claims, damages or liabilities, joint or
                           several, to which such Indemnified Person may become
                           subject under the Securities Act or otherwise,
                           insofar as such losses, claims, damages or
                           liabilities (or actions in respect thereof) arise out
                           of or are based upon an untrue statement or alleged
                           untrue statement of a material fact contained in any
                           Shelf Registration Statement or any Prospectus
                           contained therein or furnished by the Company to any
                           Indemnified Person, or any amendment or supplement
                           thereto, or arise out of or are based upon the
                           omission or alleged omission to state therein a
                           material fact required to be stated therein or

                                       12
<PAGE>

                           necessary to make the statements therein, in light of
                           the circumstances in which they were made, not
                           misleading, and

                                    (ii) the Company hereby agrees to reimburse
                           such Indemnified Person for any legal or other
                           expenses reasonably incurred by them in connection
                           with investigating or defending any such action or
                           claim as such expenses are incurred; provided,
                           however, that the Company shall not be liable to any
                           such Indemnified Person in any such case under
                           Section 5(a)(i) above or this Section 5(a)(ii) to the
                           extent that any such loss, claim, damage or liability
                           arises out of or is based upon an untrue statement or
                           alleged untrue statement or omission or alleged
                           omission made in such Shelf Registration Statement or
                           Prospectus, or amendment or supplement thereto, in
                           reliance upon and in conformity with written
                           information relating to such Indemnified Person
                           furnished to the Company by or on behalf of such
                           Indemnified Person expressly for use therein;
                           provided, further, however, that the foregoing
                           indemnity agreement with respect to any Prospectus
                           shall not inure to the benefit of any Indemnified
                           Person who failed to deliver a final Prospectus or an
                           amendment or supplement thereto (provided by the
                           Company to the several Indemnified Persons in the
                           requisite quantity and on a timely basis to permit
                           proper delivery on or prior to the relevant
                           transaction date) to the person asserting any losses,
                           claims, damages and liabilities and judgments caused
                           by any untrue statement or alleged untrue statement
                           of a material fact contained in any Prospectus, or
                           caused by any omission or alleged omission to state
                           therein a material fact required to be stated therein
                           or necessary to make the statements therein, in light
                           of the circumstances under which they were made, not
                           misleading, if such material misstatement or omission
                           or alleged material misstatement or omission was
                           cured in the final Prospectus or an amendment or
                           supplement thereto.

                           (b) INDEMNIFICATION BY THE HOLDERS AND ANY AGENTS AND
UNDERWRITERS. Each Electing Holder agrees, as a consequence of the inclusion of
any of such holder's Registrable Securities in any Shelf Registration Statement,
severally and not jointly, to (i) indemnify and hold harmless the Company, its
directors, officers who sign such Shelf Registration Statement and each person,
if any, who controls the Company within the meaning of either Section 15 of the
Securities Act or Section 20 of the Exchange Act, against any losses, claims,
damages or liabilities to which the Company or such other persons may become
subject, under the Securities Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based
upon an untrue statement or alleged untrue statement of a material fact
contained in such Shelf Registration Statement or Prospectus, or any amendment
or supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, in each case to the
extent, but only to the extent, that such untrue statement or alleged untrue
statement or omission or alleged omission was made in reliance upon and in
conformity with written information relating to such holder (or any underwriter,

                                       13
<PAGE>

selling agent or other securities professional, if any, which facilitates the
disposition of Registrable Securities for such holder) furnished to the Company
by or on behalf of such holder (or any underwriter, selling agent or other
securities professional, if any, which facilitates the disposition of
Registrable Securities for such holder) expressly for use therein and (ii)
reimburse the Company and its directors and officers who sign such Shelf
Registration Statement for any legal or other expenses reasonably incurred by
the Company and such directors and officers in connection with investigating or
defending any such action or claim as such expenses are incurred.

                           (c) NOTICES OF CLAIMS, ETC. Promptly after receipt by
an indemnified party under subsection (a) or (b) of this Section 5 of notice of
the commencement of any action, such indemnified party shall, if a claim in
respect thereof is to be made against an indemnifying party under this Section
5, notify such indemnifying party in writing of the commencement thereof; but
the omission so to notify the indemnifying party shall not relieve it from any
liability which it may have to any indemnified party under this Section 5 unless
the indemnifying party is materially prejudiced by the delay. In case any such
action shall be brought against any indemnified party and it shall notify an
indemnifying party of the commencement thereof, such indemnifying party shall be
entitled to participate therein and, to the extent that it shall wish, jointly
with any other indemnifying party similarly notified, to assume the defense
thereof, with counsel satisfactory to such indemnified party (who shall not,
except with the consent of the indemnified party, be counsel to the indemnifying
party), and, after notice from the indemnifying party to such indemnified party
of its election so to assume the defense thereof, such indemnifying party shall
not be liable to such indemnified party under this Section 5 for any legal
expenses of other counsel or any other expenses, in each case subsequently
incurred by such indemnified party, in connection with the defense thereof other
than reasonable costs of investigation. No indemnifying party shall, without the
written consent of the indemnified party, which consent will not be unreasonably
withheld, effect the settlement or compromise of, or consent to the entry of any
judgment with respect to, any pending or threatened action or claim in respect
of which indemnification or contribution may be sought hereunder (whether or not
the indemnified party is an actual or potential party to such action or claim)
unless such settlement, compromise or judgment (i) includes an unconditional
release of the indemnified party from all liability arising out of such action
or claim and (ii) does not include a statement as to, or an admission of, fault,
culpability or a failure to act, by or on behalf of any indemnified party.

                           (d) CONTRIBUTION. If the indemnification provided for
in this Section 5 is unavailable to or insufficient to hold harmless an
indemnified party under subsection (a) or (b) of this Section 5 in respect of
any losses, claims, damages or liabilities (or actions in respect thereof)
referred to therein, then each indemnifying party shall contribute to the amount
paid or payable by such indemnified party as a result of such losses, claims,
damages or liabilities (or actions in respect thereof) in such proportion as is
appropriate to reflect the relative fault of the indemnifying party and the
indemnified party in connection with the statements or omissions which resulted
in such losses, claims, damages or liabilities (or actions in respect thereof),
as well as any other relevant equitable considerations. The relative fault of
such indemnifying party and indemnified party shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact relates
to information about such indemnifying party or indemnified party supplied by

                                       14
<PAGE>

such indemnifying party or by such indemnified party, and the parties' relative
intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission. The parties hereto agree that it would not be just
and equitable if contribution pursuant to this Section 5(d) were determined by
PRO RATA allocation (even if the Electing Holders or any underwriters, selling
agents or other securities professionals or all of them were treated as one
entity for such purpose) or by any other method of allocation which does not
take account of the equitable considerations referred to in this Section 5(d).
The amount paid or payable by an indemnified party as a result of the losses,
claims, damages or liabilities (or actions in respect thereof) referred to above
shall be deemed to include any legal or other fees or expenses reasonably
incurred by such indemnified party in connection with investigating or defending
any such action or claim. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation. The obligations of the Electing Holders and any underwriters,
selling agents or other securities professionals in this Section 5(d) to
contribute shall be several in proportion to the percentage of Registrable
Securities registered or underwritten, as the case may be, by them and not
joint.

                           (e) Notwithstanding any other provision of this
Section 5, in no event will any Electing Holder be required to undertake any
liability or obligation under this Section 5 for an aggregate amount in excess
of the dollar amount of the proceeds (after deducting any fees, discounts and
commissions applicable thereto) received by such holder from the sale of such
holder's Registrable Securities giving rise to such liability or obligation.

                           (f) The obligations of the Company under this Section
5 shall be in addition to any liability that the Company may otherwise have to
any Indemnified Person and the obligations of any Indemnified Person under this
Section 5 shall be in addition to any liability that such Indemnified Person may
otherwise have to the Company. The remedies provided in this Section 5 are not
exclusive and shall not limit any rights or remedies that may otherwise be
available to an indemnified party at law or in equity.

                  6. UNDERWRITTEN OFFERING. Any holder of Registrable Securities
who desires to do so may, with the Company's prior written consent, which
consent may be withheld by the Company in its sole discretion, sell Registrable
Securities (in whole or in part) in an underwritten offering; provided, however,
the offering relates to at least 50% of the Securities sold pursuant to the
Subscription Agreement. In any such underwritten offering, the investment banker
or investment bankers and manager or managers that will administer the offering
will be selected by, and the underwriting arrangements with respect thereto
(including the size of the offering) will be approved by, the holders of a
majority of the Registrable Securities to be included in such offering;
provided, however, that such investment bankers and managers and underwriting
arrangements must be reasonably satisfactory to the Company. No holder may
participate in any underwritten offering contemplated hereby unless (a) such
holder agrees to sell such holder's Registrable Securities to be included in the

                                       15
<PAGE>

underwritten offering in accordance with any approved underwriting arrangements,
(b) such holder completes and executes all reasonable questionnaires, powers of
attorney, indemnities, underwriting agreements, lock-up letters and other
documents required under the terms of such approved underwriting arrangements
and (c) if such holder is not then an Electing Holder, such holder returns a
completed and signed Notice and Questionnaire to the Company in accordance with
Section 3(a) hereof within a reasonable amount of time before such underwritten
offering. The holders participating in any underwritten offering shall be
responsible for any underwriting discounts and commissions and fees and, subject
to Section 4 hereof, expenses of their own counsel. The Company shall pay all
expenses customarily borne by issuers, including but not limited to filing fees,
the fees and disbursements of its counsel and independent public accountants and
any printing expenses incurred in connection with such underwritten offering.
Notwithstanding the foregoing or the provisions of Section 3(l) hereof, upon
receipt of a request from the Managing Underwriter or a representative of
holders of a majority of the Registrable Securities to be included in an
underwritten offering to prepare and file an amendment or supplement to the
Shelf Registration Statement and Prospectus in connection with an underwritten
offering, the Company may delay the filing of any such amendment or supplement
for up to the Maximum Delay Period if and so long as the Delay Conditions exist.

                  7.       RULE 144.

                  The Company agrees, for so long as any Registrable Securities
remain outstanding during any period in which the Company is subject to Section
13 of 15 (d) of the Exchange Act, to make all filings required thereby in a
timely manner in order to permit resales of such Registrable Securities pursuant
to Rule 144 of the Securities Act.

                  8.       MISCELLANEOUS.

                  (a) REMEDIES. The Company acknowledges and agrees that any
failure by the Company to comply with its obligations under this Agreement may
result in material irreparable injury to the Purchasers or the holders of
Registrable Securities for which there is no adequate remedy at law, that it
will not be possible to measure damages for such injuries precisely and that, in
the event of any such failure, the Purchasers or any holder of Registrable
Securities may obtain such relief as may be required to specifically enforce the
Company's obligations hereunder. The Company further agrees to waive the defense
in any action for specific performance that a remedy at law would be adequate.

                  (b) OTHER REGISTRATION RIGHTS. The Company will not, on or
after the date of this Agreement, enter into any agreement with respect to its
securities that is inconsistent with the rights granted to the holders of
Registrable Securities in this Agreement or otherwise conflicts with the
provisions hereof. The Company shall not permit any securities other than the
Registrable Securities to be included in any Shelf Registration Statement.

                                       16
<PAGE>

                  (c) AMENDMENTS AND WAIVERS. The provisions of this Agreement
may not be amended, modified or supplemented, and waivers or consents to or
departures from the provisions hereof may not be given unless (i) in the case of
Section 2 hereof and this Section 8(c)(i), the Company has obtained the written
consent of holders of all outstanding Registrable Securities and (ii) in the
case of all other provisions hereof, the Company has obtained the written
consent of holders of a majority of the Registrable Securities (excluding
Registrable Securities held by the Company or its Affiliates). Notwithstanding
the foregoing, a waiver or consent to departure from the provisions hereof that
relates exclusively to the rights of holders whose Registrable Securities are
being sold pursuant to a Shelf Registration Statement and that does not affect
directly or indirectly the rights of other holders of Registrable Securities may
be given by the holders of a majority of Registrable Securities being sold by
such holders pursuant to such Shelf Registration Statement.

                  (d) NOTICES. All notices and other communications provided for
or permitted hereunder shall be given as provided in the Subscription Agreement.

                  (e) PARTIES IN INTEREST. The parties to this Agreement intend
that all holders of Registrable Securities shall be entitled to receive the
benefits of this Agreement and that any Electing Holder shall be bound by the
terms and provisions of this Agreement by reason of such election with respect
to the Registrable Securities that are included in a Shelf Registration
Statement. All the terms and provisions of this Agreement shall be binding upon,
shall inure to the benefit of and shall be enforceable by the respective
successors and assigns of the parties hereto and any holder from time to time of
the Registrable Securities to the aforesaid extent. In the event that any
transferee of any holder of Registrable Securities shall acquire Registrable
Securities, in any manner, whether by gift, bequest, purchase, operation of law
or otherwise, such transferee shall, without any further writing or action of
any kind, be entitled to receive the benefits of and, if an Electing Holder, be
conclusively deemed to have agreed to be bound by and to perform all of the
terms and provisions of this Agreement to the aforesaid extent.

                  (f) COUNTERPARTS. This Agreement may be executed in any number
of counterparts and by the parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

                  (g) HEADINGS. The headings in this agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning, construction or interpretation hereof.

                  (h) GOVERNING LAW. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York without giving
effect to provisions relating to conflicts of law to the extent the application
of the laws of another jurisdiction would be required thereby.

                  (i) SEVERABILITY. In the event that any one or more of the
provisions contained herein, or the application thereof in any circumstance, is
held invalid, illegal or unenforceable in any respect for any reason, the
validity, legality and enforceability of any such provision in every other
respect and of the remaining provisions hereof shall not be in any way impaired

                                       17
<PAGE>

or affected thereby, it being intended that all of the rights and privileges of
the parties hereto shall be enforceable to the fullest extent permitted by law.

                  (j) SURVIVAL. The respective indemnities, agreements,
representations, warranties and other provisions set forth in this Agreement or
made pursuant hereto shall remain in full force and effect, regardless of any
investigation (or any statement as to the results thereof) made by or on behalf
of any Electing Holder, any director, officer or partner of such holder, any
agent or underwriter, any director, officer or partner of such agent or
underwriter, or any controlling person of any of the foregoing, and shall
survive the transfer and registration of the Registrable Securities of such
holder.

                  (k) ENTIRE AGREEMENT. This Agreement is intended by the
parties as a final expression of their agreement and intended to be a complete
and exclusive statement of the agreement and understanding of the parties hereto
in respect of the subject matter hereof. There are no restrictions, promises,
warranties or undertakings, other than those set forth or referred to herein,
with respect to the registration rights granted with respect to the Registrable
Securities. This Agreement supersedes all prior agreements and understandings
between the parties with respect to such subject matter.

                                       18
<PAGE>

                  Please confirm by signing in the space provided below that the
foregoing correctly sets forth the agreement between the Company and you.

                                      Very truly yours,

                                      MEADE INSTRUMENTS CORP.

                                      By:       /S/ MARK D. PETERSON
                                           ----------------------------------
                                           Name:    Mark D. Peterson
                                           Title:   Senior Vice President and
                                                    General Counsel

                                       19
<PAGE>

                  REGISTRATION RIGHTS AGREEMENT SIGNATURE PAGE

Accepted and Agreed

______________________________

Name (Print)

By:__________________________________
       Name:_________________________
       Title:________________________

Date:  ______________________________

Address:_____________________________

        _____________________________

        _____________________________

Telephone:  _________________________

Facsimile:  _________________________

                                       20
<PAGE>

                                                                       EXHIBIT A

                             MEADE INSTRUMENTS CORP.

                        Notice of Registration Statement
                                       and
                      SELLING SECURITYHOLDER QUESTIONNAIRE
                      ------------------------------------

                                     (Date)

                  Reference is hereby made to the Registration Rights Agreement
(the "Registration Rights Agreement") between Meade Instruments Corp. (the
"Company") and the Purchasers named therein. Pursuant to the Registration Rights
Agreement, the Company [has filed/intends to file] with the United States
Securities and Exchange Commission (the "Commission") a registration statement
on Form S-_ (the "Shelf Registration Statement") for the registration and resale
under Rule 415 of the Securities Act of 1933, as amended (the "Securities Act"),
[ ] shares of the Company's common stock, par value $0.01 per share (the
"Securities"). A copy of the Registration Rights Agreement is attached hereto.
All capitalized terms not otherwise defined herein shall have the meanings
ascribed thereto in the Registration Rights Agreement.

                  Each beneficial owner of Registrable Securities (as defined
below) is entitled to have the Registrable Securities beneficially owned by it
included in the Shelf Registration Statement. In order to have Registrable
Securities included in the Shelf Registration Statement, this Notice of
Registration Statement and Selling Securityholder Questionnaire ("Notice and
Questionnaire") must be completed, executed and delivered to the Company's
counsel at the address set forth herein for receipt ON OR BEFORE [DEADLINE FOR
RESPONSE]. Beneficial owners of Registrable Securities who do not complete,
execute and return this Notice and Questionnaire by such date (i) will not be
named as selling securityholders in the Shelf Registration Statement and (ii)
may not use the Prospectus forming a part thereof for resales of Registrable
Securities.

                  Certain legal consequences arise from being named as a selling
securityholder in the Shelf Registration Statement and related Prospectus.
Accordingly, holders and beneficial owners of Registrable Securities are advised
to consult their own securities law counsel regarding the consequences of being
named or not being named as a selling securityholder in the Shelf Registration
Statement and related Prospectus.

                  The term "REGISTRABLE SECURITIES" is defined in the
Registration Rights Agreement to mean all or any portion of the Securities;
PROVIDED, HOWEVER, that a security ceases to be a Registrable Security when it
is no longer a Restricted Security.

                                      A-1
<PAGE>

                  The term "RESTRICTED SECURITY" is defined in the Registration
Rights Agreement to mean any Security except any such Security that (i) the
resale of which has been registered pursuant to an effective registration
statement under the Securities Act and sold in a manner contemplated by the
Shelf Registration Statement, (ii) has been transferred in compliance with Rule
144 under the Securities Act (or any successor provision thereto) or is
transferable pursuant to paragraph (k) of such Rule 144 (or any successor
provision thereto), or (iii) has otherwise been transferred and a new Security
not subject to transfer restrictions under the Securities Act has been delivered
by or on behalf of the Company.

                                    ELECTION

                  The undersigned holder (the "Selling Securityholder") of
Registrable Securities hereby elects to include in the Shelf Registration
Statement the Registrable Securities beneficially owned by it and the
Registrable Securities listed below in Item (3). The undersigned, by signing and
returning this Notice and Questionnaire, agrees to be bound with respect to such
Registrable Securities by the terms and conditions of this Notice and
Questionnaire and the Registration Rights Agreement, including without
limitation Section 5 of the Registration Rights Agreement as if the undersigned
Selling Securityholder were an original party thereto.

                  The Selling Securityholder hereby provides the following
information to the Company and represents and warrants that such information is
accurate and complete:

                                  QUESTIONNAIRE

                  Certain capitalized terms used in this Questionnaire are
defined in Appendix l attached hereto. Capitalized terms used in this
Questionnaire but not defined in Appendix 1 have the meanings given to them in
the accompanying letter.

(1) (a)            Full legal name of Selling Securityholder:

                   _____________________________________________________________

                   (i) Is such Selling Securityholder a:

                           [ ] Corporation           [ ] General Partnership

                           [ ] Individual            [ ] Limited Partnership

                           [ ] Other (please specify:____________________)

                  (ii) In what state is such Selling Securityholder organized or
                       domiciled?

                       _____________________________

                                      A-2
<PAGE>

         (b)      Full legal name of Registered Holder (if not the same as in
                  (a) above) of Registrable Securities listed in Item (4) below:

                  _________________________________________________________

(2)      Address for Notices to Selling Securityholder:

                           ____________________________
                           ____________________________
                           ____________________________
         Telephone:        ____________________________
         Fax:              ____________________________
         Contact Person:   ____________________________

(3)      Beneficial Ownership of Securities by Another Entity or Individual:

         (a)      Is another entity or individual the Beneficial Owner of any
                  Securities?

                  [ ] No (skip questions (b)-(e) below)

                  [ ] Yes (answer questions (b)-(e) below)

         (b)      What is the full legal name of such Beneficial Owner?

                  _____________________________________________________

         (c)      Is such Beneficial Owner a:

                  [ ] Corporation           [ ] General Partnership

                  [ ] Individual            [ ] Limited Partnership

                  [ ] Other (please specify:____________________)

         (d)      In what state is such Beneficial Owner organized or domiciled?

                  ___________________________________________________

         (e)      Please provide the name, address and telephone number of a
                  contact person for such Beneficial Owner.

                  ___________________________________________________

                  ___________________________________________________

                  ___________________________________________________

                  ___________________________________________________

                                      A-3
<PAGE>

(4)      Beneficial Ownership of Securities:

         EXCEPT AS SET FORTH BELOW IN THIS ITEM (4), THE UNDERSIGNED IS NOT A
         BENEFICIAL OWNER OF ANY SECURITIES.

         (a)      Number of Registrable Securities (as defined in the
                  Registration Rights Agreement) Beneficially Owned:
                  ___________________________________________ CUSIP No(s). of
                  such Registrable Securities: _______________________________

         (b)      Number of Securities other than Registrable Securities
                  Beneficially Owned:

                  ______________________________________________________________

                  CUSIP No(s). of such other Securities:
                  ____________________________________

         (c)      Number of Registrable Securities that the undersigned wishes
                  to be included in the Shelf Registration Statement:
                  __________________________________ CUSIP No(s). of such
                  Registrable Securities to be included in the Shelf
                  Registration Statement:
                  ___________________________________________________________

(5)      Beneficial Ownership of Other Securities of the Company:

         EXCEPT AS SET FORTH BELOW IN THIS ITEM (5), THE UNDERSIGNED SELLING
         SECURITYHOLDER IS NOT A BENEFICIAL OWNER OF ANY SHARES OF COMMON STOCK
         OR ANY OTHER SECURITIES OF THE COMPANY, OTHER THAN THE SECURITIES
         LISTED ABOVE IN ITEM (4).

         State any exceptions here:

(6)      Relationships with the Company:

         EXCEPT AS SET FORTH BELOW, NEITHER THE SELLING SECURITYHOLDER NOR ANY
         OF ITS AFFILIATES, OFFICERS, DIRECTORS OR PRINCIPAL EQUITY HOLDERS (5%
         OR MORE) HAS HELD ANY POSITION OR OFFICE OR HAS HAD ANY OTHER MATERIAL
         RELATIONSHIP WITH THE COMPANY (OR ITS PREDECESSORS OR AFFILIATES)
         DURING THE PAST THREE YEARS.

         State any exceptions here:

                                      A-4
<PAGE>

(7)      Plan of Distribution:

         EXCEPT AS SET FORTH BELOW, THE UNDERSIGNED SELLING SECURITYHOLDER
         INTENDS TO DISTRIBUTE THE REGISTRABLE SECURITIES LISTED ABOVE IN ITEM
         (4) ONLY AS FOLLOWS (IF AT ALL): SUCH REGISTRABLE SECURITIES MAY BE
         SOLD FROM TIME TO TIME DIRECTLY BY THE UNDERSIGNED SELLING
         SECURITYHOLDER OR, ALTERNATIVELY, THROUGH UNDERWRITERS, BROKER-DEALERS
         OR AGENTS WHO MAY RECEIVE DISCOUNTS, CONCESSIONS OR COMMISSIONS FROM
         THE SELLING STOCKHOLDER OR THE PURCHASER. SUCH REGISTRABLE SECURITIES
         MAY BE SOLD IN ONE OR MORE TRANSACTIONS AT FIXED PRICES, AT PREVAILING
         MARKET PRICES AT THE TIME OF SALE, AT PRICES RELATING TO THE PREVAILING
         MARKET PRICES AT THE TIME OF SALE, AT VARYING PRICES DETERMINED AT THE
         TIME OF SALE, OR AT NEGOTIATED PRICES. SUCH SALES MAY BE EFFECTED IN
         TRANSACTIONS (WHICH MAY INVOLVE CROSSES OR BLOCK TRANSACTIONS) (I) ON
         ANY NATIONAL SECURITIES EXCHANGE OR QUOTATION SERVICE ON WHICH THE
         REGISTERED SECURITIES MAY BE LISTED OR QUOTED AT THE TIME OF SALE, (II)
         IN THE OVER-THE-COUNTER MARKET, (III) IN TRANSACTIONS OTHERWISE THAN ON
         SUCH EXCHANGES OR SERVICES OR IN THE OVER-THE-COUNTER MARKET, (IV)
         THROUGH THE WRITING OF OPTIONS, WHETHER SUCH OPTIONS ARE LISTED ON AN
         OPTION EXCHANGE OR OTHERWISE, OR (IV) THROUGH THE SETTLEMENT OF SHORT
         SALES. IN CONNECTION WITH SALES OF THE REGISTRABLE SECURITIES OR
         OTHERWISE, THE SELLING SECURITYHOLDER MAY ENTER INTO HEDGING
         TRANSACTIONS WITH BROKER-DEALERS OR OTHER FINANCIAL INSTITUTIONS, WHICH
         MAY IN TURN ENGAGE IN SHORT SALES OF THE REGISTRABLE SECURITIES IN THE
         COURSE OF HEDGING THE POSITIONS THEY ASSUME. THE SELLING SECURITYHOLDER
         MAY ALSO SELL REGISTRABLE SECURITIES SHORT AND DELIVER REGISTRABLE
         SECURITIES TO CLOSE OUT SUCH SHORT POSITIONS, OR LOAN OR PLEDGE
         REGISTRABLE SECURITIES TO BROKER-DEALERS THAT IN TURN MAY SELL SUCH
         SECURITIES.

         State any exceptions here:

(8)      Are you a Member, an affiliate of a Member, or a person associated with
         a Member, of the National Association of Securities Dealers, Inc. (the
         "NASD")?

                  Yes _____ No _____

         If the answer to Question 8 is "yes", state (a) the name of any such
         NASD Member, (b) the nature of your affiliation or association with
         such NASD Member, (c) information as to such NASD Member's
         participation in any capacity in the offering or the original placement
         of the Securities, (d) the number of shares of equity securities or
         face value of debt securities of the Company owned by you, (e) the date
         such securities were acquired and (f) the price paid for such
         securities.

         _____________________________________________________________________
         _____________________________________________________________________
         ____________________________________________.

                                      A-5
<PAGE>

(9)      If you answered "yes"to Question 8 above, please fill out the following
         table with respect to any purchases from the Company or any of its
         Affiliates in a private place- ment within twelve months prior to the
         date hereof (excluding your purchase of the Securities).

                                      A-6
<PAGE>

<TABLE>
<CAPTION>
         ======================== ===================== ========================= =========================

                                                        Amount and Name           Price or Other
         Date of Purchase         Seller                of Securities             Consideration

         <S>                      <C>                   <C>                       <C>
         ------------------------ --------------------- ------------------------- -------------------------

         ------------------------ --------------------- ------------------------- -------------------------

         ------------------------ --------------------- ------------------------- -------------------------

         ------------------------ --------------------- ------------------------- -------------------------

         ======================== ===================== ========================= =========================
</TABLE>

         Note: In no event may such method(s) of distribution take the form of
an underwritten offering of the Registrable Securities without the prior
agreement of the Company.

         By signing below, the Selling Securityholder acknowledges that it
understands its obligation to comply, and agrees that it will comply, with the
provisions of the Exchange Act and the rules and regulations thereunder,
particularly Regulation M. The Selling Securityholder also acknowledges that it
understands that the answers to this Questionnaire are furnished for use in
connection with the Registration Statement and any amendments or supplements
thereto filed with the SEC pursuant to the Securities Act of 1933, as amended.

         In the event that the Selling Securityholder transfers all or any
portion of the Registrable Securities listed in Item (3) above after the date on
which such information is provided to the Company, the Selling Securityholder
agrees to notify the transferee(s) at the time of the transfer of its rights and
obligations under this Notice and Questionnaire and the Registration Rights
Agreement.

         By signing below, the Selling Securityholder consents to the disclosure
of the information contained herein in its answers to Items (1) through (9)
above and the inclusion of such information in the Shelf Registration Statement
and related Prospectus. The Selling Securityholder understands that such
information will be relied upon by the Company in connection with the
preparation of the Shelf Registration Statement and related Prospectus.

         The Selling Securityholder acknowledges that material misstatements and
omissions of material facts in the Registration Statement and any amendments or
supplement thereto may give rise to civil and criminal liabilities to the
Company and to each officer and director of the Company signing the Registration
Statement and to other persons signing such document. As a result, in accordance
with the Selling Securityholder's obligation under Section 3(a) of the
Registration Rights Agreement to provide such information as may be required by
law for inclusion in the Shelf Registration Statement, the Selling
Securityholder agrees to promptly notify the Company of any inaccuracies or
changes in the information provided herein which may occur subsequent to the
date hereof at any time while the Shelf Registration Statement remains in
effect. All notices hereunder and pursuant to the Registration Rights Agreement
shall be made in writing, by hand-delivery, first-class mail, or air courier
guaranteeing overnight delivery as follows:

                                      A-7
<PAGE>

         (i)      to the Company:

                           Meade Instruments Corp.
                           6001 Oak Canyon
                           Irvine, CA 92618-5200
                           Attention:  Legal Department

         (ii)     with a copy to:

                           O'Melveny & Myers, LLP
                           114 Pacifica, Suite 100
                           Irvine, CA 92618-3318
                           Attention:  J. Jay Herron, Esq.

         Once this Notice and Questionnaire is executed by the Selling
Securityholder and received by the Company's counsel, the terms of this Notice
and Questionnaire, and the representations and warranties contained herein,
shall be binding on, shall inure to the benefit of and shall be enforceable by
the respective successors, heirs, personal representatives, and assigns of the
Company and the Selling Securityholder (with respect to the Registrable
Securities Beneficially Owned by such Selling Securityholder and the Registrable
Securities listed in Item (3) above). This Agreement shall be governed in all
respects by the laws of the State of California without giving effect to
provisions relating to conflicts of law to the extent the application of the
laws of another jurisdiction would be required thereby.

         I confirm that, to the best of my knowledge and belief, the foregoing
statements (including without limitation the answers to this Questionnaire) are
correct.

         IN WITNESS WHEREOF, the undersigned, by authority duly given, has
caused this Notice and Questionnaire to be executed and delivered either in
person or by its duly authorized agent.

Dated: __________________

                              _______________________________________
                              Selling Securityholder
                              (Print/type full legal name of beneficial owner of
                              Registrable Securities)

                              By:  __________________________________
                                    Name:
                                    Title:

                                      A-8
<PAGE>

PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT ON
OR BEFORE [DEADLINE FOR RESPONSE] TO THE COMPANY'S COUNSEL AT:

                           O'Melveny & Myers, LLP
                           114 Pacifica, Suite 100
                           Irvine, CA 92618-3318
                           Attention:  J. Jay Herron, Esq.

                                      A-9
<PAGE>

                                                                      APPENDIX I

                                   DEFINITIONS

                  For the purpose of this Questionnaire, the following
definitions apply:

                  1. AFFILIATE. As used in Questions 1 - 7 and Question 9, a
person is an "Affiliate" of a person if such person controls, is controlled by,
or is under common control with, another person. Please assume that an
"Affiliate" of the Company includes without limitation, any 5% stockholder of
the Company (including any person who owns, controls, or holds or holds an
option to acquire, and has the power to vote, 5% or more of the Company's
outstanding voting securities). "Control" is the possession, directly or
indirectly, of the power to direct or cause the direction of the management and
policies of an entity, whether through the ownership of voting securities, by
contract or otherwise.

                  As used in Question 8 of this Questionnaire, an "affiliate" of
an NASD member has the following meaning:

         (1) a company which controls, is controlled by or is under common
control with a member;

         (2) the term affiliate is presumed to include, but is not limited to,
the following:

                  (a)      a company will be presumed to control a member if the
                           company beneficially owns 10% or more of the
                           outstanding voting securities of a member which is a
                           corporation, or beneficially owns a partnership
                           interest in 10% or more of the distributable profits
                           or losses of a member which is a partnership;

                  (b)      a member will be presumed to control a company if the
                           member and persons associated with the member
                           beneficially own (i) 10% or more of the outstanding
                           subordinated debt of a company, (ii) 10% or more of
                           the outstanding voting securities of a company which
                           is a corporation or (iii) a partnership interest in
                           10% or more of the distributable profits or losses of
                           a company which is a partnership;

                  (c)      a company will be presumed to be under common control
                           with a member if:

                           (i)      the same natural person or company controls
                                    both the member and company by beneficially
                                    owning 10% or more of the outstanding voting
                                    securities of a member or company which is a
                                    corporation, or by beneficially owning a
                                    partnership interest in 10% or more of the
                                    distributable profits or losses of a member
                                    or company which is a partnership; or

                                      I-1
<PAGE>

                           (ii)     a person having the power to direct or cause
                                    the direction of the management or policies
                                    of the member or the company also has the
                                    power to direct or cause the direction of
                                    the management or policies of the other
                                    entity in question.

                  2. BENEFICIAL OWNER. A "Beneficial Owner" of a security
includes any person who, directly or indirectly, through any contract,
arrangement, understanding, relationship or otherwise, has or shares voting
power and/or investment power with respect to such security. Voting power
includes "the power to vote, or to direct the voting, of such security" and
investment power includes "the power to dispose, or to direct the disposition,
of such security."

                  A person is also a Beneficial Owner of a security if he has
the right to acquire beneficial ownership of such security, at any time within
sixty days, including but not limited to, any right to acquire through: (a) the
exercise of an option, warrant or right, (b) the conversion of a convertible
security, (c) the power to revoke a trust, discretionary account or similar
arrangement, or (d) the automatic termination of a trust, discretionary account
or similar arrangement; provided, however, that if the acquisition of an option,
warrant, right, convertible security or power described in (a), (b) or (c) is
for the purpose of maintaining or obtaining control over the issuer of the
security, the holder of the option, warrant, right, convertible security or
power shall, immediately upon such acquisition and regardless of when it is
exercisable, be deemed a beneficial owner of the underlying securities.

                  The possession of the legal power to vote and/or direct the
disposition of securities, absent unusual circumstances, will be sufficient to
confer beneficial ownership. Such power may be held directly, or indirectly,
through one or more controlled entities.

                  3. MATERIAL RELATIONSHIP. The term "material relationship" has
not been defined by the Securities and Exchange Commission (the "SEC"). The SEC,
however, is likely to construe as material any relationship which tends to
impact arm's length bargaining in dealings with a company, whether arising from
a close business connection, family relationship, a relationship of control or
otherwise. For example, you should conclude that you have such a relationship
with any organization of which you own, directly or indirectly, 10% more of the
outstanding voting stock, or in which you have some other substantial interest,
and with any person or organization with whom you have, or with whom any
relative (or any other person or organization as to which you have any of the
foregoing other relationships) has, a contractual relationship.

                  4. MEMBER. Rule 0120 of the NASD's Rules of Fair Practice
defines the term "member" to mean any individual, partnership, corporation or
other legal entity admitted to membership in the NASD, and Article l of the
NASD's By-Laws defines the term "person associated with a member" to mean every
sole proprietor, partner, officer, director, or branch manager of any member, or
any natural person occupying a similar status or performing similar functions,
or any natural person engaged in the investment banking or securities business
who is directly or indirectly controlling or controlled by such member (for
example, any employee), whether or not such person is registered or exempt from
registration with the NASD.

                                      I-2

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