Document:

EX-10.9

EXECUTIVE MANAGEMENT SERVICES AGREEMENT

THIS EXECUTIVE MANAGEMENT SERVICES AGREEMENT (the “Agreement”) is made by and between JCM
Partners, LLC, a Delaware limited liability company (“JCM”) and Computer Management Corporation, a
California corporation (“CMC”) and is effective as of July 1, 2007 (the “Effective Date”).

In consideration of the promises made herein and on the terms and subject to the conditions
contained herein, JCM and CMC hereby agree as follows:

1.0 Engagement

JCM hereby retains CMC to provide executive management services for JCM as provided herein
(the “Management Services”) for the period commencing on the Effective Date and continuing through
July 31, 2010 (the “Engagement Period”), subject to termination as provided under Section 4.0
below.

2.0 Management Services

2.1 General. CMC will employ Gayle M. Ing (“Ing”) to act as the Chief Executive Officer,
President, Tax Matters Partner and Secretary of JCM and cause Ing to report directly to JCM’s Board
of Managers (“Board”). Ing will have day-to-day responsibility and authority for the management
and direction of JCM, as well as such other duties and responsibilities commensurate with the
position of Chief Executive Officer.

2.2 Duties. Ing will perform her duties in conformity with the reasonable and appropriate
directions of the Board. Ing will devote her full working time, attention and energies to the
business and affairs of JCM, provided that Ing may engage in outside activities so long as such
outside activities do not conflict with her obligations as Chief Executive Officer of JCM or her
other positions, if any, with JCM.

2.3 Location. Ing will, subject to reasonable travel requirements on behalf of JCM, work at
JCM’s offices in Concord, California.

3.0 Compensation

3.1 Management Services Fee. JCM will pay to CMC a fee for the Management Services (the
“Fee”) at the monthly rate of $35,000 per month ($420,000 per year), payable semi-monthly on the
15th and last day of each month. Because this is a fee for independent contractor services and not
wages, JCM will not withhold taxes from the Fee.

3.2 Benefits. JCM will not be responsible for the cost of any employment benefits provided to
Ing.

3.3 Directors and Officers Insurance and Indemnity. JCM will maintain at all times a minimum
of $10,000,000 of directors and officers insurance coverage and $10,000,000 of liability insurance
coverage, and will list CMC and Ing as insured parties at the same coverage level as other JCM
officers and executives. A copy of the applicable insurance policies naming CMC and Ing as insured
parties and listing the then-current coverage levels shall be provided to CMC. Subject to the
exceptions specified in JCM’s standard form of Indemnification Agreement, JCM will indemnify,
defend and hold CMC and Ing harmless against any claims, costs (including legal fees) or
liabilities respecting CMC’s and Ing’s actions on behalf of JCM.

3.4 Reimbursement. JCM will reimburse CMC for its reasonable JCM-related expenses.

4.0 Termination

4.1 Termination at Will by Either Party. Either JCM or CMC may terminate this Agreement, for
any reason or for no reason, upon 90 days’ written notice to the other party.

4.2 Death or Permanent Disability of Ing. This Agreement will terminate automatically upon
the death or permanent disability of Ing. Ing will be deemed permanently disabled for the purpose
of this Agreement if in the good faith determination of the Board, based on the opinion of a
physician or other medical professional mutually agreed to by CMC and JCM, Ing has become
physically or mentally incapable of performing her duties hereunder for a continuous period of 120
days, in which event Ing will be deemed permanently disabled upon the expiration of such 120-day
period.

4.3 Compensation upon Termination. In the event that either JCM or CMC terminates this
Agreement for any reason, including without limitation because of the death or disability of Ing,
CMC will be entitled to receive the Fee provided for in Section 3.1 for the period of time ending
on the date the Agreement terminates, plus reimbursement for such expenses as CMC may have properly
incurred on behalf of JCM, as provided in Section 3.4 above, prior to the date the Agreement
terminates.

5.0 Assignment and Transfer

5.1 By JCM. This Agreement may not be assigned by JCM to any purchaser of all or
substantially all of JCM’s business or assets without the written consent of CMC.

5.2 By CMC. CMC’s rights and obligations under this Agreement will not be transferable by CMC
by assignment or otherwise, except with the prior written consent of JCM.

6.0 Confidentiality

6.1 Proprietary Information. CMC agrees that all trade secrets, confidential or proprietary
information with respect to the activities and businesses of JCM including, without limitation,
personnel information, non-public information regarding JCM’s investors, business plans, marketing
plans, forecasts, strategies and information which are acquired by CMC, or its agents or employees,
during the course of CMC’s engagement by JCM (“Proprietary Information”) will be kept and held in
confidence and trust by CMC, provided that Proprietary Information will not include any information
that (i) is in the public domain at the time of disclosure, (ii) though originally Proprietary
Information, subsequently enters the public domain other than by breach of CMC’s obligations
hereunder or by breach of another person’s or entity’s confidentiality obligations or (iii) is
shown by documentary evidence to have been known by CMC prior to disclosure to CMC by JCM. CMC
will not use or disclose Proprietary Information except as necessary in the normal course of the
business of JCM for its sole and exclusive benefit, unless CMC is compelled to so disclose under
process of law, in which case CMC will first notify JCM promptly after receipt of a demand to so
disclose. CMC agrees and acknowledges that it will cause all agents and employees of CMC to comply
with the terms of this subsection 6.1.

6.2 Ownership of Inventions. Discoveries, copyrightable materials, developments, designs,
ideas, improvements, inventions, formulas, processes, techniques, know-how, manuals, software,
written or recorded materials or information, and data (whether or not patentable or registerable
under copyright or similar statutes) that are made, conceived, or reduced to practice by CMC, or
its agents and employees while performing services for JCM for which CMC is expressly engaged and
compensated by JCM (“Inventions”), shall belong to and shall be the sole property of JCM. CMC
represents and warrants that CMC will not claim any intellectual property rights in any such
Inventions. To the extent that JCM uses intellectual property owned by CMC, or its employees or
agents, and such intellectual property is not assigned to JCM, then CMC agrees to grant to JCM and
agrees to cause its employees or agents to grant to JCM a non-exclusive transferable, worldwide,
royalty-free perpetual license to use all of CMC’s discoveries, copyrightable materials,
developments, designs, ideas, improvements, inventions, formulas, processes, techniques, know-how,
manuals, software, written or recorded materials or information, and data (whether or not
patentable or registerable under copyright or similar statutes) made, conceived, or reduced to
practice, while performing services for JCM (“Licensed Inventions”) under this Agreement. CMC
agrees to take reasonable and necessary steps to cause its agents and employees to comply with and
adhere to the provisions of this subsection 6.2.

6.3 Return of Materials. CMC agrees that, upon the request of JCM, and in any event upon
termination of this Agreement, CMC shall deliver to JCM (or have confirmed in writing to JCM that
JCM already has) the originals of all memoranda, notes, records, drawings, manuals, papers,
computer software, listings and other documents or materials (or copies of same if originals are
not available): (a) generated or developed by CMC under this Agreement or (b) made available to CMC
in connection with providing services to JCM under this Agreement. CMC agrees to take reasonable
and necessary steps to cause its agents and employees to comply with and adhere to the provisions
of this subsection 6.3.

6.4 Survivability. This Section 6.0, and each of its subsections, shall survive termination
of this Agreement.

7.0 Arbitration

7.1 General. Any dispute hereunder will be submitted to binding arbitration before a single
arbitrator in accordance with the Commercial Dispute Resolution Rules of the American Arbitration
Association (“AAA”), subject to the provisions set forth in this Section 7.0 and each of its
subsections.

7.2 Power of the Arbitrator. The arbitrator will be instructed and empowered to take whatever
steps to expedite the arbitration as he or she deems reasonable.

7.3 Allocation of Costs and Fees. Each party will pay fifty percent (50%) of the costs and
fees of the arbitration, including without limitation the administrative fees charged by AAA and
the fee of the arbitrator.

7.4 Finality of Judgment. The arbitrator’s judgment will be final and binding upon the
parties, except that it may be challenged on the grounds of fraud or gross misconduct.

7.5 Venue; Procedures. The arbitration will be held in San Francisco, California. Judgment
upon any award in the arbitration may be entered in any court of competent jurisdiction. The
parties hereby consent to the jurisdiction of, and proper venue in, the federal and state courts
located in San Francisco, California. The procedures specified in this Section 7.0 will be the
sole and exclusive procedures for the resolution of disputes and controversies between the parties
arising out of or relating to this Agreement; provided, however, that a party may seek a
preliminary injunction or other provisional judicial relief if in its judgment such action is
necessary to avoid irreparable damage or to preserve the status quo. Despite such action, the
parties will continue to participate in good faith in the procedures specified in this Section 7.0.

8.0 Independent Contractor

It is the express intention of the parties that CMC is an independent contractor and neither
it nor Ing are employees of JCM. CMC reserves the right to determine the method, manner and means
by which the services will be performed. CMC shall not be entitled to employ anyone other than Ing
to perform the Management Services without the express written consent of JCM. Nor shall CMC be
required to employ anyone other than Ing to perform the Management Services without its express
written consent. CMC is not required to provide the Management Services during a fixed hourly or
daily time.

9.0 Miscellaneous

9.1 Governing Law and Interpretation. This Agreement will be governed by the substantive laws
of the State of California applicable to contracts entered into and fully performed in such
jurisdiction. The headings and captions of the sections of this Agreement are for convenience only
and in no way define, limit or extend the scope or intent of this Agreement or any provision
hereof. This Agreement will be construed as a whole, according to its fair meaning, and not in
favor of or against any party, regardless of which party may have initially drafted certain
provisions set forth herein.

9.2 Notices. Any notice, request, claim or other communication required or permitted
hereunder will be in writing and will be deemed to have been duly given if delivered by hand or if
sent by Federal Express to CMC at the address set forth below its signature, or to JCM at its
address as set forth below its signature, or to such other address or addresses as either party may
have furnished to the other in writing in accordance herewith.

9.3 Entire Agreement and Amendments. This Agreement constitutes the final and complete
expression of all of the terms of the understanding and agreement between the parties hereto with
respect to the subject matter hereof, and this Agreement replaces and supersedes any and all prior
or contemporaneous negotiations, communications, understandings, obligations, commitments,
agreements or contracts, whether written or oral, between the parties respecting the subject matter
hereof. This Agreement may not be modified, amended, altered or supplemented except by means of
the execution and delivery of a written instrument mutually executed by both parties.

9.4 Attorneys’ Fees. In the event it becomes necessary for any party to initiate arbitration
or any other proceeding to enforce, defend or construe such party’s rights or obligations under
this Agreement, the prevailing party in such arbitration or proceeding will be entitled to its
reasonable costs and expenses, including attorneys’ fees, incurred in connection with such
arbitration or proceeding whether or not brought to final judgment, except as provided in
Section 7.3 of this Agreement. For purposes of the enforcement of this section, the “prevailing
party” will be the party receiving substantially the benefits or relief sought by that party. The
arbitrator or decision-maker under this Section 9.4 shall determine the prevailing party or parties
in any such arbitration or proceeding.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed, with
the Agreement automatically taking effect as of the Effective Date.

	 	 	 	 	 
	JCM PARTNERS, LLC,
	 	COMPUTER MANAGEMENT CORPORATION, a
	a Delaware limited liability company
	 	California corporation

	By: /s/ Marvin Helder
	 	By: /s/ Gayle M. Ing

	 
	 	 	 	 
	Marvin Helder
	 	Gayle M. Ing

	Vice Chairman
	 	Vice President

	2151 Salvio Street, Suite 325
	 	614 Castro Street
	Concord, CA 94522-3000
	 	San Francisco, CA  94114

	Fax: (925) 676-1744
	 	Fax:  (415) 431-8758EX-10.79

Exhibit 10.79

SEVENTH AMENDMENT TO 

AMENDED AND RESTATED CREDIT AGREEMENT 

This Seventh Amendment to Amended and Restated Credit Agreement (this “Amendment”) is
dated as of July 31, 2006 (the “Amendment Closing Date”) and entered into by and among Bank
of America, N.A., as lender (the “Lender”), with offices at 55 South Lake Avenue, Suite
900, Pasadena, California 91101, and Meade Instruments Corp., a Delaware corporation, Simmons
Outdoor Corp., a Delaware corporation, and Coronado Instruments, Inc., a California corporation
(such entities being referred to hereinafter each individually as a “Borrower” and
collectively, the “Borrowers”).

WHEREAS, the Lender and the Borrowers have entered into that certain Amended and Restated
Credit Agreement dated as of October 25, 2002 (as amended, restated or modified from time to time,
the “Agreement”); and

WHEREAS, in order to avoid any default related to the filing of the Borrowers’ annual and
quarterly reports as set forth in the Agreement, the Borrowers have requested that the Lender amend
the Agreement in certain respects and the Lender has agreed to such amendments pursuant to the
terms and conditions provided herein.

NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth in the
Agreement and this Amendment, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, hereby
agree as follows:

ARTICLE I

Definitions

Section 1.01. Definitions. Capitalized terms used in this Amendment, to the extent
not otherwise defined herein, shall have the same meanings as in the Agreement, as amended hereby.

ARTICLE II

Amendments

Section 2.01. Amendment of Section 5.2(a). Solely with respect to the Fiscal Year of
the Borrower ending February 28, 2006, the ninety (90) day period set forth in Section
5.2(a) of the Agreement that was previously amended, is now amended to read two hundred (200)
days. Section 5.2(a) shall remain unchanged with respect to all other Fiscal Years of the
Borrower ending thereafter.

Section 2.02. Amendment of Section 5.2(b). Solely with respect to the fiscal quarter
of the Borrower ending May 31, 2006, the text “forty-five (45) days after the end of each fiscal
quarter” set forth in Section 5.2(b) of the Agreement that was previously amended, is now
amended to read “the earlier to occur of September 20, 2006 or five (5) days after the delivery of
the 10K for the Fiscal Year ending February 28, 2006”. Section 5.2(b) shall remain
unchanged with respect to all other fiscal quarters of the Borrower ending thereafter.

ARTICLE III

Section 3.01. Conditions Precedent. The effectiveness of this Amendment is subject to
the satisfaction of the following conditions precedent:

(i) The representations and warranties contained herein and in the Agreement, as
amended hereby, shall be true and correct in all material respects as of the date hereof as
if made on the date hereof, except for such representations and warranties limited by their
terms to a specific date;

(ii) The Borrowers shall have delivered to the Lender an executed original copy of this
Amendment;

(iii) The Borrowers shall have delivered to the Lender executed original copies of each
of the Consents and Reaffirmations attached to this Amendment;

(iv) No Default or Event of Default shall have occurred and be continuing; and

(v) All proceedings taken in connection with the transactions contemplated by this
Amendment and all documentation and other legal matters incident thereto shall be
satisfactory to the Lender in its sole and absolute discretion.

ARTICLE IV

Section 4.01. Acknowledgment. Each Borrower hereby represents and warrants that the
execution and delivery of this Amendment and compliance by such Borrower with all of the provisions
of this Amendment, (i) are within its powers and purposes, (ii) have been duly authorized or
approved by such Borrower, and (iii) when executed and delivered by or on behalf of such Borrower,
will constitute valid and binding obligations of the Borrower, enforceable in accordance with their
terms. Each Borrower reaffirms its obligation to pay all amounts due the Lender under the Loan
Documents in accordance with the terms thereof, as modified hereby.

Section 4.02. Loan Documents Unmodified. Except as otherwise specifically modified by
this Amendment, all terms and provisions of the Agreement and all other Loan Documents, as modified
hereby, shall remain in full force and effect. Nothing contained in this Amendment shall in any
way impair the validity or enforceability of the Loan Documents, as modified hereby or alter,
waive, annul, vary, affect, or impair any provisions, conditions, or covenants contained therein or
any rights, powers, or remedies granted therein. Any lien and/or security interest granted to the
Lender in the Collateral set forth in the Agreement or any other Loan Document is and shall remain
unchanged and in full force and effect and the Agreement and the other Loan Documents shall
continue to secure the payment and performance of all of the Obligations thereunder, as modified
hereby, and the Borrowers’ obligations hereunder.

Section 4.03. Parties, Successors and Assigns. This Amendment shall be binding upon
and shall inure to the benefit of each of the Borrowers, the Lender, and their respective
successors and assigns.

Section 4.04. Counterparts. This Amendment may be executed in one or more
counterparts, each of which when so executed shall be deemed to be an original, but all of which
when taken together shall constitute one and the same instrument. A facsimile signature shall be
deemed effective as an original.

Section 4.05. Headings. The headings, captions and arrangements used in this
Amendment are for convenience only and shall not affect the interpretation of this Amendment.

Section 4.06. Expenses of the Lender. The Borrowers agree to pay on demand (i) all
reasonable costs and expenses incurred by the Lender in connection with the preparation,
negotiation and execution of this Amendment and the other Loan Documents executed pursuant hereto
and any and all subsequent amendments, modifications, and supplements hereto or thereto, including,
without limitation, the costs and fees of the Lender’s legal counsel and the allocated cost of
staff counsel and (ii) all costs and expenses reasonably incurred by the Lender in connection with
the enforcement or preservation of any rights under the Agreement, this Amendment and/or other Loan
Documents, including, without limitation, the reasonable costs and fees of the Lender’s legal
counsel, the allocated cost of staff counsel, and the costs and fees associated with any
environmental due diligence conducted in relation hereto.

Section 4.07. Total Agreement. This Amendment, the Agreement, and all other Loan
Documents shall constitute the entire agreement between the parties relating to the subject matter
hereof, and shall rescind all prior agreements and understandings between the parties hereto
relating to the subject matter hereof, and shall not be changed or terminated orally.

Section 4.08. WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY LAW, EACH OF THE
BORROWERS AND THE LENDER IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM
OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS AMENDMENT, THE AGREEMENT, THE
OTHER LOAN DOCUMENTS, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, IN ANY ACTION, PROCEEDING
OR OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES AGAINST ANY OTHER PARTY OR ANY
LENDER-RELATED PERSON OR PARTICIPANT, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR
OTHERWISE. Without limiting the applicability of any other provision of the Credit Agreement, the
terms of Section 12.3 of the Agreement shall apply to this Amendment.

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IN WITNESS WHEREOF, the parties have executed and delivered this Amendment as of the day
and year first above written.

“BORROWERS”:

MEADE INSTRUMENTS CORP.

By: /s/ Brent W. Christensen

	 
	 	 	Name: Brent W. Christensen
	 	 	Title: Senior Vice President and CFO

SIMMONS OUTDOOR CORP.

By: /s/ Brent W. Christensen

	 
	 	 	Name: Brent W. Christensen
	 	 	Title: Senior Vice President and CFO

CORONADO INSTRUMENTS, INC.

By: /s/ Brent W. Christensen

	 
	 	 	Name: Brent W. Christensen
	 	 	Title: Senior Vice President and CFO

“LENDER”:

BANK OF AMERICA, N.A.

By: /s/ Todd R. Eggertsen

	 
	 	 	Name: Todd R. Eggertsen	 
	 	 	Title:	 	 	Vice President

2

CONSENTS AND REAFFIRMATIONS

Each of MEADE INSTRUMENTS EUROPE CORP., a California corporation, and MEADE INSTRUMENTS
HOLDINGS CORP., a California corporation, hereby acknowledges the execution of, and consent to, the
terms and conditions of that Seventh Amendment to Amended and Restated Credit Agreement and Limited
Waiver of Defaults dated as of July 31, 2006, among MEADE INSTRUMENTS CORP., SIMMONS OUTDOOR CORP.,
CORONADO INSTRUMENTS, INC. and BANK OF AMERICA, N.A. (“Creditor”), and reaffirms its
obligations under (a) that certain Continuing Guaranty (the “Guaranty”) dated as of
September 24, 2001, made by the undersigned in favor of the Creditor, and (b) that certain Security
Agreement (the “Security Agreement”) dated as of September, 2001, by and between the
undersigned and the Creditor. Each of the undersigned acknowledges and agrees that each of the
Guaranty and the Security Agreement remain in full force and effect and are hereby ratified and
confirmed.

Dated as of July 31, 2006.

MEADE INSTRUMENTS EUROPE CORP., a California
corporation

By: /s/ Brent W. Christensen

	 
	 	 	Name: Brent W. Christensen
	 	 	Title: Senior Vice President and CFO

MEADE INSTRUMENTS HOLDINGS CORP., a California
corporation

By: /s/ Brent W. Christensen

	 
	 	 	Name: Brent W. Christensen
	 	 	Title: Senior Vice President and CFO

3

CONSENTS AND REAFFIRMATIONS

Each of MTSC HOLDINGS, INC., a California corporation (“MTSC”), MC HOLDINGS,
INC., a California corporation (“MC HOLDINGS”), and MEADE CORONADO HOLDINGS CORP., a
California corporation (“MCHC”), hereby acknowledges the execution of, and consents to, the
terms and conditions of that Seventh Amendment to Amended and Restated Credit Agreement and Limited
Waiver of Defaults dated as of July 31, 2006, among MEADE INSTRUMENTS CORP., SIMMONS OUTDOOR CORP.,
CORONADO INSTRUMENTS, INC. and BANK OF AMERICA, N.A. (“Creditor”), and reaffirms its
obligations under that certain Continuing Guaranty (the “Guaranty”) dated as of September
24, 2001 executed in favor of the Creditor and joined by each of the undersigned pursuant to an
Instrument of Joinder, dated as of (i) October 25, 2002 with respect to MTSC and MC HOLDINGS, and
(ii) December 1, 2004 with respect to MCHC (respectively, the “Instrument”). Each of the
undersigned acknowledges and agrees that each of the Guaranty and Instrument remain in full force
and effect and are hereby ratified and confirmed.

Dated as of July 31, 2006.

MTSC HOLDINGS, INC., a California corporation,

By: /s/ Brent W. Christensen

	 
	 	 	Name: Brent W. Christensen
	 	 	Title: Senior Vice President and CFO

MC HOLDINGS, INC., a California corporation

By: /s/ Brent W. Christensen

	 
	 	 	Name: Brent W. Christensen
	 	 	Title: Senior Vice President and CFO

MEADE CORONADO HOLDINGS CORP., a California
corporation

By: /s/ Brent W. Christensen

	 
	 	 	

             Name: Brent W. Christensen                           }

             Title:                   Senior Vice President and CFO

Name: Brent W. Christensen
	 	 	Title: Senior Vice President and CFO

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