Document:

EX-10.98

Exhibit 10.98

AMENDED AND RESTATED

CHARTER OF THE COMPENSATION COMMITTEE

OF THE BOARD OF DIRECTORS

OF

MEADE INSTRUMENTS CORP.

	1.	 	Purpose. The purpose of the Compensation Committee (the “Committee”) is to discharge the
responsibilities of the Board of Directors (the “Board”) of Meade Instruments Corp. (the
“Company”) relating to compensation of the Company’s executives and directors, to produce an
annual report on executive compensation for inclusion in the Company’s proxy statement, in
accordance with applicable rules and regulations, and to take such other actions within the
scope of this Charter as the Committee deems necessary or appropriate.

The Company’s compensation policies should be designed to allow the Company to recruit and
retain superior talent and create a significant direct relationship between pay and benefit
levels and performance. Compensation payable to the Company’s executives should provide
overall competitive pay and benefit levels, create proper incentives to enhance the value of
the Company, and reward superior performance.

	2.	 	Membership. The Committee will be comprised of two or more directors. All members of the
Committee will be independent directors (as determined by the Board) under the independence
requirements of the NASDAQ Stock Market and applicable law, and who qualify as nonemployee
directors under Rule 16b-3 and outside directors under Internal Revenue Code Section 162(m)
and applicable law. The members of the Committee will be appointed by and serve at the
discretion of the Board. The Chairperson of the Committee will be appointed by the Board.

	3.	 	Specific Responsibilities and Duties. The Board delegates to the Committee the express
authority to do the following, to the fullest extent permitted by applicable law and the
Corporation’s Certificate of Incorporation and Bylaws:

	 	(a)	 	Compensation Policies. Develop and review, evaluate and make recommendations to
the full Board with respect to management’s proposals regarding the Company’s overall
compensation policies.

	 	(b)	 	Chief Executive Officer (“CEO”) Compensation and Goals. Develop, review and
approve goals and objectives relevant to the CEO’s compensation, evaluate the CEO’s
performance in light of those goals and objectives, and set the CEO’s compensation level
(including, but not limited to, salary, long and short-term incentive plans, retirement
plans, deferred compensation plans, equity award plans, change in control or other
severance plans, as the Committee deems appropriate) based on this evaluation. In
determining the long-term incentive component of CEO compensation, the Committee should
consider the Company’s performance and relative stockholder return, the value of similar
incentive awards to CEOs at comparable companies, and the awards given to the Company’s
CEO in past years. The CEO may not be present during voting or deliberations on the
CEO’s compensation.

	 	(c)	 	Executive Officers. Consider and review the selection, retention and
remuneration arrangements for other executive officers and establish, review and approve
compensation plans in which any executive officer is eligible to participate. Such
remuneration arrangements can include long and short-term incentive plans, retirement
plans, deferred compensation plans, equity award plans, change in control or other
severance plans, as the Committee deems appropriate. Notwithstanding the foregoing, any
awards and contractual arrangements for the top five executive officers (including the
CEO) that are intended to be exempt under Internal Revenue Code Section 162(m) will be
reviewed and approved by the Committee.

	 	(d)	 	Incentive Compensation Plans. Make recommendations to the Board with respect to
the Company’s incentive-compensation plans and equity-based compensation plans.
Notwithstanding the foregoing, the Committee shall grant stock options and performance
based awards designed to be exempt under Internal Revenue Code Section 162(m) and shall
act as the “committee” charged with administering such incentive compensation and equity
based compensation plans as set forth therein.

	 	(e)	 	Overall Review of other Plans. Except as otherwise determined by the Board,
review the other compensation plans of the Company in light of the Company and plan
objectives, needs, and current benefit levels, and to the extent necessary under
applicable law, approve any amendments, and review the results of the retirement plan
investments for compliance with organization policies, tax laws, the Employee Retirement
Income Security Act of 1974 (ERISA), and other legal requirements.

	 	(f)	 	Back Dating. Ensure that no equity compensation awards granted by the Company
are “backdated” which shall be defined as setting an equity compensation award grant
date or exercise price with hindsight for the purpose of improperly achieving a lower
grant price.

	 	(g)	 	Board. Set the compensation for the Board and committee members.

	 	(h)	 	Succession Planning. Monitor and make recommendations with respect to succession
planning for the CEO and other officers.

	 	(i)	 	Annual Report. Produce an annual report on executive compensation for inclusion
in the Company’s proxy statement.

	 	(j)	 	Review and Publication of Charter. Review and reassess the adequacy of this
Charter as the Committee deems necessary and recommend any proposed changes to the Board
for approval. Publish the Charter as required by the rules and regulations of
applicable law and as otherwise deemed advisable by the Committee.

	 	(k)	 	Other Actions. Take such other actions as may be requested or required by the
Board from time to time.

	 	(l)	 	Recommendations. Make recommendations and report to the Board and other Board
committees with respect to compensation policy of the Company or any of the foregoing
matters.

	4.	 	Meetings. The Committee will meet with such frequency, and at such times as its Chairperson,
or a majority of the Committee, determines. A special meeting of the Committee may be called
by the Chairperson and will be called promptly upon the request of any two Committee members.
The agenda of each meeting will be prepared by the Chairperson and circulated to each member
prior to the meeting date. Unless the Committee or the Board adopts other procedures, the
provisions of the Company’s Bylaws applicable to meetings of Board committees will govern
meetings of the Committee.

	5.	 	Minutes. Minutes of each meeting will be kept with the regular corporate records.

	6.	 	Subcommittees. The Committee has the power to appoint subcommittees.

	7.	 	Reliance; Experts; Cooperation.

	 	7.1	 	Retention of Independent Counsel and Advisors. The Committee has the power, in
its discretion, to retain at the Company’s expense such independent counsel and other
advisors and experts as it deems necessary or appropriate to carry out its duties.

	 	(a)	 	Compensation Consultant. The Board delegates to the Committee the
express authority to decide whether to retain a compensation consultant to assist
in the evaluation of compensation pursuant to this Charter. If the Committee
decides in its discretion to retain such a firm, the Board delegates to the
Committee the sole authority to retain and terminate any such firm and to approve
the firm’s fees and other retention terms.

	 	7.2	 	Reliance Permitted. In carrying out its duties, the Committee will act in
reliance on management, the independent public accountants, internal auditors, and
outside advisors and experts, as it deems necessary or appropriate.

	 	7.3	 	Investigations. The Committee has the authority to conduct any investigation it
deems necessary or appropriate to fulfilling its duties.

	 	7.4	 	Required Participation of Employees. The Committee shall have unrestricted
access to the independent public accountants, the internal auditors, internal and
outside counsel, and anyone else in the Company, and may require any officer or employee
of the Company or the Company’s outside counsel or independent public accountants to
attend a meeting of the Committee or to meet with any members of, or consultants or
advisors to, the Committee.EX-10.1

SECURITIES EXCHANGE AGREEMENT

This Securities Exchange Agreement (“Agreement”) is made and entered into as of June 28, 2007
between JMAR Technologies, Inc., a Delaware corporation (the “Company”), and Laurus Master Fund,
Ltd., a Cayman Islands company (“Laurus”).

RECITALS

A. Whereas, Laurus currently owns 126,126.6 shares of the Company’s Series G Cumulative
Convertible Preferred Stock (with a stated value of $1,261,266) and 637,498 shares of Series I
Cumulative Convertible Preferred Stock (with a stated value of $6,374,984) (“the Preferred Stock”);
and

B. Whereas, the Company desires to issue 2,000,000 shares of its Common Stock (the “Shares”)
in exchange for a portion of the shares of Series G and Series I Preferred Stock, on the terms and
conditions set forth in this Agreement;

Now, therefore, the parties agree as follows:

AGREEMENT

	 	1.	 	EXCHANGE OF COMMON STOCK FOR PREFERRED STOCK.

1.1 Agreement to Exchange Shares. At the Closing, the Company agrees to issue to
Laurus 2,000,000 shares of Common Stock (the “Shares”) in exchange for and in cancellation of i)
2,782.2 shares of Series G Preferred Stock, with a stated value of $27,822, and ii) 17,657.8 shares
of Series I Preferred Stock, with a stated value of $176,578. Following this exchange, Laurus
shall retain a total of 123,344.4 shares of Series G Preferred Stock, with a stated value of
$1,233,444, and 619,840.6 shares of Series I Preferred Stock, with a stated value of $6,198,406.

1.2 Payment of Redemption Payments. As a result of the payment of the Shares, a total
of $204,400 shall be applied to pay the monthly redemption payments owing under the Preferred Stock
in chronological order as follows: (i) the remaining redemption amount owed for the month of
August, 2007 under the Series I Preferred Stock ($103,182), (ii) the monthly redemption amount
($27,822) owing under the Series G Preferred Stock for the month of September, 2007, and (iii)
$73,396 of the redemption amount owing under the Series I Preferred Stock for the month of
September, 2007.

	 	2.	 	CLOSING.

Subject to the terms and conditions herein, the closing of the transactions contemplated
hereby (the “Closing”) shall take place on the date hereof or at such other time or place as the
Company and Laurus may mutually agree (such date is hereinafter referred to as the “Closing Date”).

	 	3.	 	REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

The Company hereby represents and warrants to Laurus as follows:

3.1 Organization, Good Standing and Qualification. The Company has been duly
incorporated and organized, and is validly existing in good standing, under the laws of the State
of Delaware. The Company has the corporate power and authority to enter into and perform this
Agreement, to own and operate its properties and assets, and to carry on its business as currently
conducted and as presently proposed to be conducted.

3.2 Due Authorization. All corporate action on the part of the Company necessary for
the authorization, execution, delivery of, and the performance of all obligations of the Company
under this Agreement, including the authorization, issuance and delivery of all of the Shares has
been taken, and this Agreement constitutes, valid and legally binding obligations of the Company,
enforceable in accordance with their respective terms, except as may be limited by (i) applicable
bankruptcy, insolvency, reorganization or others laws of general application relating to or
affecting the enforcement of creditors’ rights generally and (ii) the effect of rules of law
governing the availability of equitable remedies.

3.3 Valid Issuance of Stock. Upon delivery of the Shares at the Closing, the Shares
will be duly authorized and validly issued, fully paid and nonassessable.

	 	4.	 	REPRESENTATIONS, WARRANTIES AND CERTAIN AGREEMENTS OF LAURUS.

Laurus hereby represents and warrants to, and agrees with, the Company as follows:

4.1 Authorization. This Agreement constitutes Laurus’ valid and legally binding
obligation, enforceable in accordance with its terms except as may be limited by (i) applicable
bankruptcy, insolvency, reorganization or other laws of general application relating to or
affecting the enforcement of creditors’ rights generally and (ii) the effect of rules of law
governing the availability of equitable remedies. Laurus represents that it has full power and
authority to enter into this Agreement.

4.2 Purchase for Own Account. The Shares to be issued to Laurus hereunder will be
acquired for investment for Laurus’ own account, not as a nominee or agent, and not with a view to
the public resale or distribution thereof within the meaning of the 1933 Act (other sales pursuant
to Rule 144(k)).

4.3 Disclosure of Information. Laurus has received or has had full access to all the
information it considers necessary or appropriate to make an informed investment decision with
respect to the Shares to be received by Laurus under this Agreement. Laurus further has had an
opportunity to ask questions and receive answers from the Company regarding the terms and
conditions of the issuance of the Shares and to obtain additional information (to the extent the
Company possessed such information or could acquire it without unreasonable effort or expense)
necessary to verify any information furnished to Laurus or to which Laurus had access.

4.4 Accredited Investor Status. Laurus is an “accredited investor” within the meaning
of Regulation D promulgated under the 1933 Act.

	 	5.	 	CONDITIONS TO LAURUS’ OBLIGATIONS AT CLOSING.

The obligations of Laurus under this Agreement are subject to the fulfillment or waiver, on or
before the Closing, of each of the following conditions:

5.1 Representations and Warranties True. The representations and warranties of the
Company contained in Section 3 shall be true and correct on the Closing with the same effect as
though such representations and warranties had been made on and as of the date of the Closing.

5.2 Performance. The Company shall have performed and complied with all agreements,
obligations and conditions contained in this Agreement that are required to be performed or
complied with by it on or before the Closing and shall have obtained all approvals, consents and
qualifications necessary to complete the purchase and sale described herein.

	 	6.	 	CONDITIONS TO THE COMPANY’S OBLIGATIONS AT CLOSING.

The obligations of the Company under this Agreement are subject to the fulfillment or waiver,
on or before the Closing, of each of the following conditions:

6.1 Representations and Warranties. The representations and warranties of Laurus
contained in Section 4 shall be true and correct on the date of the Closing with the same effect as
though such representations and warranties had been made on and as of the Closing.

6.2 Performance. Laurus shall have performed and complied with all agreements,
obligations and conditions contained in this Agreement that are required to be performed or
complied with by it on or before the Closing and shall have obtained all approvals, consents and
qualifications necessary to complete the purchase and sale described herein

	 	7.	 	GENERAL PROVISIONS.

7.1 Survival of Warranties. The representations, warranties and covenants of the
Company and Laurus contained in or made pursuant to this Agreement shall survive the execution and
delivery of this Agreement and the Closing and shall in no way be affected by any investigation of
the subject matter thereof made by or on behalf of Laurus or the Company, as the case may be.

7.2 Successors and Assigns. The terms and conditions of this Agreement shall inure to
the benefit of and be binding upon the respective successors and assigns of the parties.

7.3 Governing Law. This Agreement shall be governed by and construed under the
internal laws of the State of New York as applied to agreements among New York residents entered
into and to be performed entirely within New York, without reference to principles of conflict of
laws or choice of laws.

7.4 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. Delivery of an executed copy of a signature page to this Agreement by facsimile
transmission shall be effective as delivery of a manually executed copy of this Agreement and shall
be effective and enforceable as the original.

7.5 Notices. All notices required or permitted hereunder shall be in writing and
shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when
sent by confirmed telex or facsimile if sent during normal business hours of the recipient, if not,
then on the next business day, (c) five days after having been sent by registered or certified
mail, return receipt requested, postage prepaid, or (d) one day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written verification of receipt.
All communications shall be sent to the Company at the address as set forth on the signature page
hereof and to Laurus at the address set forth on the signature page hereto for, with a copy in the
case of Laurus to John E. Tucker Esq. 825 Third Avenue, New York, NY 10022, facsimile number (212)
541-4434, or at such other address as the Company or Laurus may designate by ten days advance
written notice to the other parties hereto.

7.6 Entire Agreement. This Agreement constitutes the entire agreement and
understanding of the parties with respect to the subject matter hereof and supersedes any and all
prior negotiations, correspondence, agreements, understandings duties or obligations between the
parties with respect to the subject matter hereof.

IN WITNESS WHEREOF, the parties hereto have executed this Securities Exchange Agreement as of
the date set forth in the first paragraph hereof.

	 	 	 
	JMAR Technologies, Inc.

By: /s/ C. Neil Beer

Name: C. Neil Beer

Title: Chief Executive Officer

Address: 10905 Technology Place

San Diego, California 92127

	 	Laurus Master Fund, Ltd.

By: /s/ Eugene Grin

Name: Eugene Grin, Director

Address: LAURUS MASTER FUND, LTD.

c/o Ironshore Corporate Services Ltd.

P.O. Box 1234 G.T., Queensgate House, South Church

Street

Grand Cayman, Cayman Islands

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