Offer to Purchase for Cash All Outstanding Shares of Common Stock ofSummary Term Sheet • June 21st, 2013 • MIT Capital Inc. • Optical instruments & lenses
VictoryOne Inc., a Delaware corporation (“Purchaser”) and a wholly-owned subsidiary of MIT Capital Inc. (“Parent”), a California corporation,(together “Parent” and “Purchaser” referred to herein as “MITC”), is offering to purchase all outstanding shares of common stock, par value $0.01 per share (the “Shares”), of Meade Instruments, Inc., a Delaware corporation (“Meade”), at a price of $3.65 per share, net to the seller in cash, without interest and less any required withholding taxes, upon the terms and subject to the conditions set forth in this Offer to Purchase and the related letter of transmittal that accompanies this Offer to Purchase (the “Letter of Transmittal”) (which, together with any amendments or supplements thereto, collectively constitute the “Offer”).
