TERM NOTETerm Note • March 30th, 2000 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment • New Jersey
FOR VALUE RECEIVED, BLONDER TONGUE LABORATORIES, INC., a Delaware corporation (the "Borrower"), hereby promises to pay to the order of FIRST UNION NATIONAL BANK (the "Bank") the principal amount of Seventeen Million, One Hundred Thousand, One Dollar and Eighteen Cents ($17,100,001.18). This Term Note is issued under the Fifth Amended and Restated Loan Agreement dated November 12, 1999 by and between the Borrower and the Bank, as may be further amended, modified or restated from time to time (the "Loan Agreement"). Terms capitalized but not defined herein shall have the meanings given to them respectively in the Loan Agreement. The terms of the Loan Agreement are incorporated herein as if set forth at length.
FIFTH AMENDED AND RESTATED LINE OF CREDIT NOTE $7,500,000 As of November 12, 1999 FOR VALUE RECEIVED, BLONDER TONGUE LABORATORIES, INC., a Delaware corporation (the "Borrower"), hereby promises to pay to the order of FIRST UNION NATIONAL BANK (the...Line of Credit Note • March 30th, 2000 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment • New Jersey
FOR VALUE RECEIVED, BLONDER TONGUE LABORATORIES, INC., a Delaware corporation (the "Borrower"), hereby promises to pay to the order of FIRST UNION NATIONAL BANK (the "Bank") on the Termination Date the principal amount of SEVEN MILLION, FIVE HUNDRED THOUSAND DOLLARS ($7,500,000) or, if less, the aggregate outstanding principal under the Line of Credit extended under the Fifth Amended and Restated Loan Agreement dated the date hereof by and between the Borrower and the Bank as may be amended, modified or restated from time to time (the "Loan Agreement"). Terms capitalized but not defined herein shall have the meanings given to them respectively in the Loan Agreement. Reference is made to the Loan Agreement for a statement of the terms and conditions under which the loans evidenced hereby have been made, secured, and may be prepaid or accelerated. This Note amends and restates and replaces (but does not discharge) the obligations of the Borrower under the Fourth Amended and Restated Line
FIFTH AMENDED AND RESTATED LOAN AGREEMENT dated as of November 12, 1999Loan Agreement • March 30th, 2000 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment • New Jersey
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...Real Estate Loan Note • March 30th, 2000 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment • New Jersey
