PATENT AND TRADEMARK SECURITY AGREEMENTPatent and Trademark Security Agreement • October 30th, 2019 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment
This Patent and Trademark Security Agreement (this “Agreement”), dated as of October 25, 2019, is made by and between BLONDER TONGUE LABORATORIES, INC., a Delaware corporation (together with its successors and permitted assigns, “Parent”), R. L. DRAKE HOLDINGS, LLC, a Delaware limited liability company (together with its permitted successors and assigns, “Drake”), and MidCap Business Credit LLC, a Texas limited liability company (the “Secured Party”), having a business location at 433 South Main Street, West Hartford, Connecticut 06110. Each of Parent and Drake are individually and collectively referred to herein as “Debtor”.
MIDCAP BUSINESS CREDIT LLC LOAN AND SECURITY AGREEMENT (ALL ASSETS)Loan and Security Agreement • October 30th, 2019 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment
THIS LOAN AND SECURITY AGREEMENT (ALL ASSETS) (as amended or modified from time to time, this “Agreement”), is entered into as of the date set forth above by and between MIDCAP BUSINESS CREDIT LLC, a Texas limited liability company, the secured party hereunder (hereinafter called “Lender”), BLONDER TONGUE LABORATORIES, INC., a Delaware corporation (together with its successors and permitted assigns, “Borrower”), R. L. DRAKE HOLDINGS, LLC, a Delaware limited liability company (together with its permitted successors and assigns, “Drake”), and BLONDER TONGUE FAR EAST, LLC, a Delaware limited liability company (together with its permitted successors and assigns, “Far East”). Each of Borrower, Drake and Far East are individually referred to herein as a “Loan Party” and individually, collectively, jointly and severally, the “Loan Parties”.
PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • October 30th, 2019 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment • New York
Pledge and Security Agreement (“Agreement”) made and entered into as of the 25th day of October, 2019 by and between BLONDER TONGUE LABORATORIES, INC., a Delaware corporation (the “Pledgor”) and MIDCAP BUSINESS CREDIT LLC (the “Secured Party”), having an address at 433 South Main Street, West Hartford, Connecticut 06110.
CONTINUING GUARANTY October 25, 2019Continuing Guaranty • October 30th, 2019 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment • New York
MIDCAP BUSINESS CREDIT LLC REVOLVING NOTERevolving Note • October 30th, 2019 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment
This Note is issued pursuant, and is subject, to the Loan Agreement, which provides, among other things, for acceleration hereof. This Note is the “Revolving Note” referred to in the Loan Agreement.
