SUBORDINATION AGREEMENTSubordination Agreement • April 9th, 2020 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment • Connecticut
THIS SUBORDINATION AGREEMENT, dated as of April 8, 2020, is by and between MIDCAP BUSINESS CREDIT LLC, a Texas limited liability company, as the Senior Lender (as defined below) under the Senior Loan Documents (as defined below), and the Junior Creditor under the Junior Debt Documents (as each term is defined below), and is acknowledged by, 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, “Loan Parties”.
CONSENT AND AMENDMENT TO LOAN AGREEMENT AND LOAN DOCUMENTSLoan Agreement and Loan Documents • April 9th, 2020 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment • Connecticut
This CONSENT AND AMENDMENT TO LOAN AGREEMENT AND LOAN DOCUMENTS (this “Amendment”) is made this 7th day of April, 2020 by and among 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”.
SENIOR SUBORDINATED CONVERTIBLE LOAN AND SECURITY AGREEMENTConvertible Loan and Security Agreement • April 9th, 2020 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment • Delaware
THIS SENIOR SUBORDINATED CONVERTIBLE LOAN AND SECURITY AGREEMENT (this “Agreement”) is made and entered into as of the 8th day of April, 2020 by and between Blonder Tongue Laboratories, Inc., a Delaware corporation (the “Company”), Livewire Ventures, LLC, a Florida limited liability company (“Livewire”), MidAtlantic IRA, LLC FBO Steven L. Shea IRA (“Shea”), Carol M. Pallé and Robert J. Pallé (jointly and severally, “Pallé”), Anthony J. Bruno (“Bruno”), Stephen K. Necessary (“Necessary”), and such other Persons who may from time to time become party hereto as lenders (collectively, the “Lenders”), and Robert J. Pallé, as agent for the Lenders (in such capacity, the “Agent”).
PATENT AND TRADEMARK SECURITY AGREEMENTPatent and Trademark Security Agreement • April 9th, 2020 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment
This Patent and Trademark Security Agreement (this “Agreement”), dated as of April 8, 2020, 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 Robert J. Pallé, an individual, as agent for the Lenders (as defined in the Loan Agreement (as hereinafter defined)) (in such capacity, “Agent”; and together with the Lenders, collectively, the “Secured Party”). Each of Parent and Drake are individually and collectively referred to herein as “Debtor”.
CONTINUING GUARANTY April 8, 2020Continuing Guaranty • April 9th, 2020 • Blonder Tongue Laboratories Inc • Radio & tv broadcasting & communications equipment • Delaware
