THIRD ALLONGE TO REAL ESTATE NOTE
This is the third allonge dated November 12, 1999 to the Real Estate Loan
Note dated May 23, 1996 (the "Note") from BLONDER TONGUE LABORATORIES, INC., a
Delaware corporation (the "Borrower"), payable to the order of MERIDIAN BANK
(predecessor to FIRST UNION NATIONAL BANK, hereinafter the "Bank") in the
original principal amount of Two Million Eight Hundred Thousand Dollars
($2,800,000.00). The Note was issued under the Amended and Restated Loan
Agreement dated October 2, 1995, as amended by a First Amendment and a certain
Second Amendment dated May 23, 1996 to the Amended and Restated Loan Agreement
and is the subject of an Allonge dated September 26, 1996 and a Second Allonge
dated as of February 1, 1999. This Allonge is being entered into in connection
with the Fifth Amendment and Restated Loan Agreement dated November 12, 1999 by
and between the Borrower and the Bank. The Fifth Amended and Restated Loan
Agreement dated November 12, 1999 as may be further amended, modified or
restated from time to time is hereafter referred to as the "Loan Agreement."
Terms capitalized but not defined herein shall have the meanings given to them
respectively in the Loan Agreement.
Now therefore, in consideration of the agreement of the parties contained
herein, and intending to be legally bound, the parties hereto agree as follows:
1. The term "Loan Agreement" as used in the Note shall have the meaning
assigned in the introductory paragraph to this Third Allonge.
2. All other terms of the Note and the Loan Agreement remain in full force
and effect.
3. The construction, interpretation and enforcement of this allonge to the
Note shall be governed by the internal laws of the State of New Jersey.
IN WITNESS WHEREOF, and intending to be legally bound hereby, the Borrower
and the Bank have caused this allonge to the Note to be executed by their duly
authorized officers as of the day and year first above written.
BLONDER TONGUE LABORATORIES, INC.
By: /s/Xxxxx Xxxxxxxx
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Xxxxx Xxxxxxxx
Chief Financial Officer
FIRST UNION NATIONAL BANK
By: /s/Xxxxx Xxxxxx Xxxxx
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Xxxxx Xxxxxx Xxxxx
Vice President
