Document:

Exhibit 10.4

 

EXECUTION COPY

 

CONTINUING GUARANTY

 

April 8, 2020

 

		TO:	ROBERT J. PALLÉ, as Agent on behalf of the Lenders

 

1. GUARANTY;
DEFINITIONS. In consideration of any credit or other financial accommodation heretofore, now or hereafter extended or made to BLONDER
TONGUE LABORATORIES, INC., a Delaware corporation (together with its successors and permitted assigns, “Borrower”)
by Livewire Ventures, LLC, MidAtlantic IRA, LLC FBO Steven L. Shea IRA, Carol M. Pallé and Robert J. Pallé, Anthony
J. Bruno, Stephen K. Necessary, and such other Persons who may from time to time become a lender (collectively, the “Lenders”),
and Robert J. Pallé, as agent for the Lenders (in such capacity, the “Agent”), and for other valuable
consideration, the undersigned, being R. L. DRAKE HOLDINGS, LLC, a Delaware limited liability company, having an address of c/o
Blonder Tongue Laboratories, Inc., One Jake Brown Road, Old Bridge, NJ 08857 (“Guarantor”), unconditionally
jointly and severally guarantees and promises to pay to Agent and Lenders, or order, on demand in lawful money of the United States
of America and in immediately available funds, any and all Indebtedness. The term “Indebtedness” is used in
its most comprehensive sense and means any debts, obligations and liabilities of Borrower to Agent and Lenders, including, without
limitation, the “Obligations” as defined in that certain Senior Subordinated Convertible Loan and Security Agreement,
by and between the Borrower, Agent and Lenders, dated as of the date hereof (as amended or modified from time to time, the “Loan
Agreement”; capitalized terms used herein but not otherwise defined shall have the meanings ascribed thereto in the Loan
Agreement), whether incurred in the past, present or future, whether voluntary or involuntary, and however arising, and whether
due or not due, absolute or contingent, liquidated or unliquidated, determined or undetermined, and including without limitation
all obligations arising under any swap, derivative, foreign exchange, hedge, deposit, treasury management or similar transaction
or arrangement however described or defined that Borrower may enter into at any time with Agent or Lenders, whether or not Borrower
may be liable individually or jointly with others, or whether recovery upon such Indebtedness may subsequently become unenforceable.
This Guaranty is a guaranty of payment and not collection.

 

2. SUCCESSIVE
TRANSACTIONS; REVOCATION; OBLIGATION UNDER OTHER GUARANTIES. This is a continuing guaranty and all rights, powers and remedies
hereunder shall apply to all past, present and future Indebtedness, including that arising under successive transactions which
shall either continue the Indebtedness, increase or decrease it, or from time to time create new Indebtedness after all or any
prior Indebtedness has been satisfied, and notwithstanding the death, incapacity, dissolution, liquidation or bankruptcy of Borrower
or Guarantor or any other event or proceeding affecting either Borrower or Guarantor. This Guaranty shall not apply to any new
Indebtedness created after actual receipt by Agent, on behalf of Lenders, of written notice of Guarantor’s revocation as
to such new Indebtedness; provided however, that loans or advances made by Lenders to Borrower after revocation under commitments
existing prior to receipt by Agent, on behalf of Lenders, of such revocation, and extensions, renewals or modifications, of any
kind, of Indebtedness incurred by Borrower or committed by Lenders prior to receipt by Agent, on behalf of Lenders, of such notice
of revocation, shall not be considered new Indebtedness. Any such notice must be sent to Robert J. Pallé, as Agent, c/o
Blonder Tongue Laboratories, Inc., One Jake Brown Road, Old Bridge, New Jersey 08857, Telecopy No: 732 679 3259, or at such other
address as Agent shall from time to time designate. Any payment by Guarantor shall not reduce Guarantor’s maximum obligation
hereunder unless written notice to that effect is actually received by Lenders at or prior to the time of such payment. The obligations
of Guarantor under this Guaranty shall be in addition to any obligations of Guarantor under any other guaranties of any liabilities
or obligations of Borrower or other persons that may be given to Agent and Lenders at any time, unless the other guaranties are
expressly modified or revoked in writing; and this Guaranty shall not, unless expressly provided for in this Guaranty, affect or
invalidate any such other guaranties.

 

     

     

    

 

3. SEPARATE
ACTIONS; WAIVER OF STATUTE OF LIMITATIONS; REINSTATEMENT OF LIABILITY. Guarantor acknowledges that this Guaranty is absolute and
unconditional, that there are no conditions precedent to the effectiveness of this Guaranty, and that this Guaranty is in full
force and effect and binding on Guarantor as of the date written below, regardless of whether Agent or Lenders obtain collateral
or any guaranties from others or takes any other action contemplated by Guarantor. Guarantor waives the benefit of any statute
of limitations affecting the enforcement or Guarantor’s liability under this Guaranty, and Guarantor agrees that any payment
of any Indebtedness or other act which shall toll any applicable statute of limitations shall similarly toll the statute of limitations
applicable to Guarantor’s liability under this Guaranty. The liability of Guarantor hereunder shall be reinstated and revived
and the rights of Agent and Lenders shall continue if and to the extent for any reason any amount at any time paid on account of
any Indebtedness guaranteed hereby is rescinded or must otherwise be restored by Agent or Lenders, whether as a result of any proceedings
in bankruptcy or reorganization or otherwise, all as though such amount had not been paid. The determination as to whether any
amount so paid must be rescinded or restored shall be made by Agent, on behalf of Lenders, in its sole discretion; provided however,
that if Agent chooses to contest any such matter at the request of Guarantor, Guarantor agrees to indemnify and hold Agent, on
behalf of Lenders, harmless from and against all costs and expenses, including reasonable attorneys’ fees, expended or incurred
by Agent or Lenders in connection therewith, including without limitation, in any litigation with respect thereto.

 

4. AUTHORIZATIONS
TO AGENT. Guarantor authorizes Agent, on behalf of Lenders, either before or after
revocation hereof, without notice to or demand on Guarantor, and without affecting Guarantor’s liability hereunder, from
time to time to: (a) alter, compromise, renew, extend, accelerate or otherwise change the time for payment of, or otherwise change
the terms of the Indebtedness or any portion thereof, including increase or decrease of the rate of interest thereon; (b) take
and hold security for the payment of this Guaranty or the Indebtedness or any portion thereof, and exchange, enforce, waive, subordinate
or release any such security; (c) apply such security and direct the order or manner of sale thereof, including without limitation,
a non-judicial sale permitted by the terms of the controlling security agreement, mortgage or deed of trust, as Agent, on behalf
of Lenders, in its discretion may determine; (d) release or substitute any one or more of the endorsers or any other guarantors
of the Indebtedness, or any portion thereof, or any other party thereto; and (e) apply payments received by Agent, on behalf of
Lenders, from Borrower to any portion of the Indebtedness, in such order as Agent shall determine in its sole discretion, whether
or not such Indebtedness is covered by this Guaranty, and Guarantor hereby waives any provision of law regarding application of
payments which specifies otherwise. Agent may without notice assign this Guaranty in whole or in part. Until Guarantor is other
than a disregarded entity not engaged in any material business, upon Agent’s request, Guarantor agrees to provide to Agent
copies of Guarantor’s financial statements.

 

5. REPRESENTATIONS
AND WARRANTIES. Guarantor represents and warrants to Agent and Lenders that: (a) this Guaranty is executed at Borrower’s
request; (b) Guarantor shall not, without Agent’s prior written consent, sell, lease, assign, encumber, hypothecate, transfer
or otherwise dispose of all or a substantial or material part of Guarantor’s assets other than in the ordinary course of
Guarantor’s business; (c) Agent has made no representation to Guarantor as to the creditworthiness of Borrower; and (d) Guarantor
has established adequate means of obtaining from Borrower on a continuing basis financial and other information pertaining to Borrower’s
financial condition. Guarantor agrees to keep adequately informed of any facts, events or circumstances which might in any way
affect Guarantor’s liability under this Guaranty, and Guarantor further agrees that Agent and Lenders shall have no obligation
to disclose to Guarantor any information or material about Borrower which is acquired by Agent or Lenders in any manner.

 

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6. GUARANTOR’S
COVENANTS. Guarantor covenants and agrees from the date hereof until payment and performance in full of all Indebtedness, and until
the termination of the Loan Agreement, unless Agent, on behalf of Lenders, otherwise consents in writing, Guarantor shall deliver
or cause to be delivered to Agent promptly upon Agent’s written request, such information about the financial condition and
operations of Guarantor as Agent may, from time to time, reasonably request.

 

7. GUARANTOR’S
WAIVERS.

 

(a) Guarantor
waives any right to require Agent, on behalf of Lenders, to: (i) proceed against Borrower or any other person; (ii) marshal
assets or proceed against or exhaust any security granted by Borrower or any other person; (iii) give notice of the terms,
time and place of any public or private sale or other disposition of personal property security granted by Borrower or any other
person; (iv) take any other action or pursue any other remedy in Agent’s power; or (v) make any presentment or demand for
performance, or give any notice of nonperformance, protest, notice of protest or notice of dishonor hereunder or in connection
with any obligations or evidences of indebtedness held by Agent, on behalf of Lenders, as security for or which constitute in whole
or in part the Indebtedness guaranteed hereunder, or in connection with the creation of new or additional Indebtedness.

 

(b) Guarantor
waives any defense to its obligations hereunder based upon or arising by reason of: (i) any disability or other defense of Borrower
or any other person; (ii) the cessation or limitation from any cause whatsoever, other than payment in full, of the Indebtedness
or the indebtedness of any other person; (iii) any lack of authority of any officer, director, partner, agent or any other person
acting or purporting to act on behalf of Borrower, if it is a corporation, partnership or other type of entity, or any defect in
the formation of Borrower; (iv) the application by Borrower of the proceeds of any Indebtedness for purposes other than the purposes
represented by Borrower to, or intended or understood by, Agent or Guarantor; (v) any act or omission by Agent or Lenders which
directly or indirectly results in or aids the discharge of Borrower or any portion of the Indebtedness by operation of law or otherwise,
or which in any way impairs or suspends any rights or remedies of Agent and Lenders against Borrower; (vi) any impairment of the
value of any interest in any security for the Indebtedness or any portion thereof, including without limitation, the failure to
obtain or maintain perfection or recordation of any interest in any such security, the release of any such security without substitution,
and/or the failure to preserve the value of, or to comply with applicable law in disposing of, any such security; (vii) any modification
of the Indebtedness, in any form whatsoever, including any modification made after revocation hereof to any Indebtedness incurred
prior to such revocation, and including without limitation the renewal, extension, acceleration or other change in time for payment
of, or other change in the terms of, the Indebtedness or any portion thereof, including increase or decrease of the rate of interest
thereon; or (viii) any requirement that Agent or Lenders give any notice of acceptance of this Guaranty. Until all Indebtedness
has been paid in full, Guarantor shall have no right of subrogation, and Guarantor waives any right to enforce any remedy which
Agent, on behalf of Lenders, now has or may hereafter have against Borrower or any other person, and waives any benefit of, or
any right to participate in, any security now or hereafter held by Agent and Lenders. Guarantor further waives all rights and defenses
Guarantor may have arising out of (A) any election of remedies by Agent, on behalf of Lenders, even though that election of remedies,
such as a non-judicial foreclosure with respect to any security for any portion of the Indebtedness, destroys Guarantor’s
rights of subrogation or Guarantor’s rights to proceed against Borrower for reimbursement, or (B) any loss of rights
Guarantor may suffer by reason of any rights, powers or remedies of Borrower in connection with any anti-deficiency laws or any
other laws limiting, qualifying or discharging Borrower’s Indebtedness, whether by operation of law or otherwise, including
any rights Guarantor may have to a fair market value hearing to determine the size of a deficiency following any foreclosure sale
or other disposition of any real property security for any portion of the Indebtedness.

 

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8. AGENT’S
AND LENDERS’ RIGHTS WITH RESPECT TO GUARANTOR’S PROPERTY IN ITS POSSESSION; WAIVER. In addition to all liens upon and
rights of setoff against the monies, securities or other property of Guarantor given to Agent, on behalf of Lenders, by law, Guarantor
hereby grants to Agent, on behalf of Lenders, a lien, security interest and right of setoff as security for all liabilities and
Indebtedness to Agent and Lenders, whether now existing or hereafter arising, upon and against all deposits, credits, collateral
and property, now or hereafter in the possession, custody, safekeeping or control of Agent and Lenders. At any time, without demand
or notice, Agent, on behalf of Lenders, may set off the same or any part thereof and apply the same to any liability or Obligation
of Guarantor even though unmatured and regardless of the adequacy of any other collateral securing the Indebtedness. No lien or
right of setoff shall be deemed to have been waived by any act or conduct on the part of Agent, on behalf of Lenders, or by any
neglect to exercise such right of setoff or to enforce such lien, or by any delay in so doing, and every right of setoff and lien
shall continue in full force and effect until such right of setoff or lien is specifically waived or released by Agent, on behalf
of Lenders, in writing. ANY AND ALL RIGHTS TO REQUIRE MIDCAP TO EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL
OF WHICH SECURES THE INDEBTEDNESS, PRIOR TO EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY
OF GUARANTOR, ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED.

 

9. SUBORDINATION.
Any indebtedness of Borrower or any other Loan Party now or hereafter held by Guarantor is hereby subordinated to the Indebtedness.
Such indebtedness of Borrower or any other Loan Party to Guarantor is assigned to Agent, on behalf of Lenders, as security for
this Guaranty and the Indebtedness and, if Agent requests, shall be collected and received by Guarantor as trustee for Agent, on
behalf of Lenders, and paid over to Agent, on behalf of Lenders, on account of the Indebtedness but without reducing or affecting
in any manner the liability of Guarantor under the other provisions of this Guaranty. Any notes or other instruments now or hereafter
evidencing such indebtedness of Borrower or any other Loan Party to Guarantor shall be marked with a legend that indicates that
the notes or other instruments are subject to this Guaranty and, if Agent so requests, such notes and instruments shall be delivered
to Agent. Agent, on behalf of Lenders, is hereby authorized in the name of Guarantor from time to time to file financing statements
and continuation statements and execute such other documents and take such other action as Agent deems necessary or appropriate
to perfect, preserve and enforce its rights hereunder.

 

10. REMEDIES;
NO WAIVER. All rights, powers and remedies of Agent, on behalf of Lenders, hereunder are cumulative. No delay, failure or discontinuance
of Agent in exercising any right, power or remedy hereunder shall affect or operate as a waiver of such right, power or remedy;
nor shall any single or partial exercise of any such right, power or remedy preclude, waive or otherwise affect any other or further
exercise thereof or the exercise of any other right, power or remedy. Any waiver, permit, consent or approval of any kind by Agent
of any breach of this Guaranty, or any such waiver of any provisions or conditions hereof, must be in writing and shall be effective
only to the extent set forth in writing.

 

11. COSTS,
EXPENSES AND ATTORNEYS’ FEES. Guarantor shall pay to Agent, on behalf of Lenders, promptly upon demand the full amount of
all payments, advances, charges, costs and expenses, including reasonable attorneys’ fees (to include outside counsel fees),
expended or incurred by Agent, or Lenders in connection with the enforcement of any of Agent’s or Lenders’ rights,
powers or remedies and/or the collection of any amounts which become due to Agent and Lenders under this Guaranty, and the prosecution
or defense of any action in any way related to this Guaranty, whether incurred at the trial or appellate level, in an arbitration
proceeding or otherwise, and including any of the foregoing incurred in connection with any bankruptcy proceeding (including without
limitation, any adversary proceeding, contested matter or motion brought by Agent or Lenders or any other person) relating to Guarantor
or any other person or entity.

 

12. SUCCESSORS;
ASSIGNMENT. This Guaranty shall be binding upon and inure to the benefit of the successors and assigns of the parties; provided
however, that Guarantor may not assign or transfer any of its interests or rights hereunder without Agent’s prior written
consent and any prohibited assignment shall be absolutely void. Guarantor acknowledges that Agent, on behalf of Lenders, has the
right to sell, assign, transfer, negotiate or grant participations in all or any part of, or any interest in, the Indebtedness
and any obligations with respect thereto, including this Guaranty. In connection therewith, Agent may disclose all documents and
information which Agent now has or hereafter acquires relating to Guarantor and/or this Guaranty, whether furnished by Borrower,
Guarantor or otherwise. Guarantor further agrees that Agent may disclose such documents and information to Borrower.

 

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13. AMENDMENT.
This Guaranty may be amended or modified only in writing signed by Agent, on behalf of Lenders, and Guarantor.

 

14. APPLICATION
OF SINGULAR AND PLURAL. In all cases where there is more than one Borrower named in this instrument, then the term “Borrower”
shall be deemed to have been used in the plural where context and construction so require; and when this Guaranty is executed by
more than one Guarantor, the word “Guarantor” shall mean all or any one or more of them as the context requires.

 

15. UNDERSTANDING
WITH RESPECT TO WAIVERS; SEVERABILITY OF PROVISIONS. Guarantor warrants and agrees that each of the waivers set forth herein is
made with Guarantor’s full knowledge of its significance and consequences, and that under the circumstances, the waivers
are reasonable and not contrary to public policy or law. If any waiver or other provision of this Guaranty shall be held to be
prohibited by or invalid under applicable public policy or law, such waiver or other provision shall be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of such waiver or other provision or any remaining
provisions of this Guaranty.

 

16. GOVERNING
LAW AND CONSENT TO JURISDICTION. This Guaranty shall be governed by and construed in accordance with the laws of the State of Delaware.
Guarantor agrees that any suit for the enforcement of this Guaranty may be brought in any state or federal court in the State of
New Jersey and consents to the non-exclusive jurisdiction of such court and to service of process in any such suit being made upon
Guarantor by mail at the address specified on the signature pager hereof. Guarantor hereby waives any objection that it may now
or hereafter have to the venue of any such suit or any such court or that such suit was brought in an inconvenient court.

 

17. Waiver
of Jury Trial. GUARANTOR IRREVOCABLY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING
OUT OF, BASED ON OR PERTAINING TO THIS GUARANTY. 

 

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IN WITNESS WHEREOF, the undersigned Guarantor
has executed this Guaranty as of the date first written above.

 

	R. L. DRAKE
    HOLDINGS, LLC	 
	 	 
	By:
    	            	 
	Name:
    Eric Skolnik	 
	Title:
    Senior Vice President and Chief Financial Officer	 

 

Address:

One Jake Brown Road

Old Bridge, New Jersey 08857

 

 

6Exhibit 10.5

 

Execution
Copy

 

PATENT
AND TRADEMARK SECURITY AGREEMENT

 

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”.

 

Recitals

 

Parent,
the Secured Party and certain other parties are parties to a Senior Subordinated Convertible Loan and Security Agreement, dated
as of even date herewith (as the same may hereafter be amended, supplemented or restated from time to time, the “Loan
Agreement”) setting forth the terms on which the Secured Party may now or hereafter extend credit to or for the
account of Debtor.

 

As
a condition to extending credit to or for the account of Debtor, the Secured Party has required the execution and delivery of
this Agreement by Debtor.

 

ACCORDINGLY,
in consideration of the mutual covenants contained in the Loan Documents and herein, the parties hereby agree as follows:

 

1. Definitions.
All capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Loan Agreement. In
addition, the following terms have the meanings set forth below:

 

“Lien”
means, with respect to any Collateral, any lien, encumbrance, adverse right or claim or deemed trust, or security interest of
any kind.

 

“Obligations”
means each and every debt, liability and obligation of every type and description arising under or in connection with any Loan
Document (as defined in the Loan Agreement) which Debtor may now or at any time hereafter owe to the Secured Party, whether such
debt, liability or obligation now exists or is hereafter created or incurred and whether it is or may be direct or indirect, due
or to become due, absolute or contingent, primary or secondary, liquidated or unliquidated, independent, joint, several or joint
and several, and including specifically, but not limited to, the Lender Indebtedness (as defined in the Loan Agreement).

 

“Patents”
means all of Debtor’s right, title and interest in and to patents or applications for patents, fees or royalties with respect
to each, and including without limitation the right to sue for past infringement and damages therefor, and licenses thereunder,
all as presently existing or hereafter arising or acquired, including without limitation the patents listed on Exhibit A.

 

“Permitted
Liens” means as applicable to the particular Collateral, (i) “Permitted Liens”, as defined in the MidCap
Credit Agreement, and (ii) Liens in favor of MidCap.

 

“Security
Interest” has the meaning given in Section 2.

 

“Trademarks”
means all of Debtor’s right, title and interest in and to: (i) trademarks, service marks, collective membership marks,
registrations and applications for registration for each, and the respective goodwill associated with each, (ii) licenses,
fees or royalties with respect to each, (iii) the right to sue for past, present and future infringement, dilution and damages
therefor, (iv) and licenses thereunder, all as presently existing or hereafter arising or acquired, including, without limitation,
the marks listed on Exhibit B.

  

     

     

    

 

2. Security
Interest. Debtor hereby irrevocably pledges and assigns to, and grants to Agent, on behalf of Lenders, a security interest
(the “Security Interest”) with power of sale to the extent permitted by law, in the Patents and in the
Trademarks to secure payment of the Obligations. As set forth in the Loan Agreement, the Security Interest is coupled with a security
interest in substantially all of the personal property of Debtor. This Agreement grants only the Security Interest herein described,
is not intended to and does not affect any present transfer of title of any trademark registration or application and makes no
assignment and grants no right to assign or perform any other action with respect to any intent to use trademark application,
unless such action is permitted under 15 U.S.C. § 1060.

 

3. Representations,
Warranties and Agreements. Debtor represents, warrants and agrees as follows:

 

(a) Existence;
Authority. Debtor is a limited liability company or corporation, as applicable, duly organized, validly existing and in good
standing under the laws of its state of formation or incorporation, and this Agreement has been duly and validly authorized by
all necessary organizational action on the part of Debtor.

 

(b) Patents.
Exhibit A accurately lists all Patents owned or controlled by Debtor as of the date hereof, or to which Debtor has
a right as of the date hereof to have assigned to it, and accurately reflects the existence and status of applications and letters
patent pertaining to the Patents as of the date hereof. If after the date hereof, Debtor owns, controls or has a right to have
assigned to it any Patents not listed on Exhibit A, or if Exhibit A ceases to accurately reflect the existence and
status of applications and letters patent pertaining to the Patents, then Debtor shall within 60 days provide written notice to
Agent, on behalf of Lenders, with a replacement Exhibit A, which upon acceptance by Agent shall become part of this Agreement.

 

(c) Trademarks.
Exhibit B accurately lists all Trademarks owned or controlled by Debtor as of the date hereof and accurately reflects
the existence and status of Trademarks and all applications and registrations pertaining thereto as of the date hereof; provided,
however, that Exhibit B need not list common law marks (i.e., Trademarks for which there are no applications or registrations)
which are not material to the business(es) of Debtor or any affiliate (as such term is defined in the Loan Agreement and hereinafter
referred to as “Affiliate”). If after the date hereof, Debtor owns or controls any Trademarks not listed on
Exhibit B (other than common law marks which are not material to Debtor’s or any Affiliate’s business(es)),
or if Exhibit B ceases to accurately reflect the existence and status of applications and registrations pertaining to the
Trademarks, then Debtor shall promptly provide written notice to Agent, on behalf of Lenders, with a replacement Exhibit B,
which upon acceptance by Agent shall become part of this Agreement.

 

(d) Affiliates.
As of the date hereof, no Affiliate owns, controls, or has a right to have assigned to it any items that would, if such item were
owned by Debtor, constitute Patents or Trademarks. If after the date hereof any Affiliate owns, controls, or has a right to have
assigned to it any such items, then Debtor shall promptly either: (i) cause such Affiliate to assign all of its rights in
such item(s) to Debtor; or (ii) notify Agent, on behalf of Lenders, of such item(s) and cause such Affiliate to execute and
deliver to Agent a patent and trademark security agreement substantially in the form of this Agreement.

 

(e) Title.
Debtor has absolute title to each Patent and each Trademark listed on Exhibits A and B, free and clear of all
Liens except Permitted Liens. Debtor (i) will have, at the time Debtor acquires any rights in Patents or Trademarks hereafter
arising, absolute title to each such Patent or Trademark free and clear of all Liens except Permitted Liens, and (ii) will
keep all Patents and Trademarks free and clear of all Liens except Permitted Liens.

  

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(f) No
Sale. Except as permitted in the Loan Agreement, Debtor will not assign, transfer, encumber or otherwise dispose of the Patents
or Trademarks, or any interest therein, without Agent’s prior written consent.

 

(g) Defense.
Debtor will, at its own expense and using commercially reasonable efforts, protect and defend the Patents and Trademarks against
all claims or demands of all Persons other than those holding Permitted Liens.

 

(h) Maintenance.
Debtor will at its own expense maintain the Patents and the Trademarks to the extent reasonably advisable in its business
including, but not limited to, filing all applications to obtain letters patent or trademark registrations and all affidavits,
maintenance fees, annuities, and renewals possible with respect to letters patent, trademark registrations and applications therefor.
Debtor covenants that it will not abandon nor fail to pay any maintenance fee or annuity due and payable on any Patent or Trademark,
nor fail to file any required affidavit or renewal in support thereof, without first providing Agent, on behalf of Lenders: (i) sufficient
written notice, of at least 30 days, to allow Agent, on behalf of Lenders, to timely pay any such maintenance fees or annuities
which may become due on any Patents or Trademarks, or to file any affidavit or renewal with respect thereto, and (ii) a separate
written power of attorney or other authorization to pay such maintenance fees or annuities, or to file such affidavit or renewal,
should such be necessary or desirable.

 

(i) Agent’s
Right to Take Action. If Debtor fails to perform or observe any of its covenants or agreements set forth in this Section 3,
and if such failure continues for a period of ten (10) calendar days after Agent gives Debtor written notice thereof (or, in the
case of the agreements contained in subsection (h), immediately upon the occurrence of such failure, without notice or lapse of
time), or if Debtor notifies Agent that it intends to abandon a Patent or Trademark, Agent may (but need not) perform or observe
such covenant or agreement or take steps to prevent such intended abandonment on behalf and in the name, place and stead of Debtor
(or, at Agent’s option, in Agent’s own name on behalf of Lenders) and may (but need not) take any and all other actions
which Agent, on behalf of Lenders, may reasonably deem necessary to cure or correct such failure or prevent such intended abandonment.

 

(j) Costs
and Expenses. Except to the extent that the effect of such payment would be to render any loan or forbearance of money usurious
or otherwise illegal under any applicable law, Debtor shall pay Agent, for the benefit of Lenders, on demand the amount of all
moneys expended and all costs and expenses (including reasonable attorneys’ fees and disbursements) incurred by the Secured
Party in connection with or as a result of Agent’s taking action under subsection (i) or exercising its rights under Section
6, together with interest thereon from the date expended or incurred by the Secured Party at the Default Rate.

 

(k) Power
of Attorney. To facilitate Agent’s taking action under subsection (i) and exercising its rights under Section 6, Debtor
hereby irrevocably appoints (which appointment is coupled with an interest) Agent, on behalf of Lenders, or its delegate, as the
attorney-in-fact of Debtor with the right (but not the duty) from time to time to create, prepare, complete, execute, deliver,
endorse or file, in the name and on behalf of Debtor, any and all instruments, documents, applications, financing statements,
and other agreements and writings required to be obtained, executed, delivered or endorsed by Debtor under this Section 3, or,
necessary for Agent, on behalf of Lenders, after an Event of Default, to enforce or use the Patents or Trademarks or to grant
or issue any exclusive or non-exclusive license under the Patents or Trademarks to any third party, or to sell, assign, transfer,
pledge, encumber or otherwise transfer title in or dispose of the Patents or Trademarks to any third party. Debtor hereby ratifies
all that such attorney shall lawfully do or cause to be done by virtue hereof. The power of attorney granted herein shall terminate
upon the termination of the Loan Agreement as provided therein and the payment and performance of all Obligations.

 

4. Debtor’s
Use of the Patents and Trademarks. Debtor shall be permitted to control and manage the Patents and Trademarks, including the
right to exclude others from making, using or selling items covered by the Patents and Trademarks and any licenses thereunder,
in the same manner and with the same effect as if this Agreement had not been entered into, so long as no Event of Default exists.

  

    3

     

    

 

5. Events
of Default. Each of the following occurrences shall constitute an event of default under this Agreement (herein called “Event
of Default”): (a) an Event of Default, as defined in the Loan Agreement, shall exist; or (b) Debtor shall
fail promptly to observe or perform any covenant or agreement herein binding on it; or (c) any of the representations or warranties
contained in Section 3 shall prove to have been incorrect in any material respect when made.

 

6. Remedies.
While an Event of Default exists, subject to the terms of Section 3(i) to the extent applicable, Agent, on behalf of Lenders,
may, at its option, take any or all of the following actions:

 

(a) Agent
may exercise any or all remedies available under the Loan Agreement.

 

(b) Agent
may sell, assign, transfer, pledge, encumber or otherwise dispose of the Patents and Trademarks.

 

(c) Agent
may enforce the Patents and Trademarks and any licenses thereunder, and if Agent shall commence any suit for such enforcement,
Debtor shall, at the request of Agent, do any and all lawful acts and execute any and all proper documents required by Agent in
aid of such enforcement.

 

7. Miscellaneous.
This Agreement can be waived, modified, amended, terminated or discharged, and the Security Interest can be released, only explicitly
in a writing signed by the Secured Party. A waiver signed by the Secured Party shall be effective only in the specific instance
and for the specific purpose given. Mere delay or failure to act shall not preclude the exercise or enforcement of any of the
Secured Party’s rights or remedies. All rights and remedies of Agent, on behalf of Lenders, shall be cumulative and may
be exercised singularly or concurrently, at Agent’s option, and the exercise or enforcement of any one such right or remedy
shall neither be a condition to nor bar the exercise or enforcement of any other. All notices to be given to Debtor under this
Agreement shall be given in the manner and with the effect provided in the Loan Agreement. Agent shall not be obligated to preserve
any rights Debtor may have against prior parties, to realize on the Patents and Trademarks at all or in any particular manner
or order, or to apply any cash proceeds of Patents and Trademarks in any particular order of application. This Agreement shall
be binding upon and inure to the benefit of Debtor and the Secured Party and their respective participants, successors and assigns
and shall take effect when signed by Debtor and delivered to Agent, and Debtor waives notice of the Agent’s acceptance hereof.
Agent may execute this Agreement if appropriate for the purpose of filing, but the failure of Agent to execute this Agreement
shall not affect or impair the validity or effectiveness of this Agreement. This Agreement or any financing statement signed by
Debtor may be transmitted by facsimile machine or by electronic mail in portable document format (“pdf”) and signatures
appearing on faxed instruments and/or electronic mail instruments shall be treated as original signatures. Any party delivering
an executed counterpart of this Agreement or any financing statement signed by Debtor by telefacsimile or other electronic method
of transmission also shall deliver an original executed counterpart of this Agreement, but the failure to deliver an original
executed counterpart shall not affect the validity, enforceability or binding effect hereof. This Agreement shall be governed
by the internal law of the State of Delaware without regard to conflicts of law provisions. The Debtor hereby consents to the
exclusive jurisdiction of any state or federal court located within the State of New Jersey, and irrevocably agrees that subject
to Agent’s election, all actions or proceedings relating to the Loan Documents or the transactions contemplated hereunder
shall be litigated in such courts and Debtor waives any objection which it may have based on lack of personal jurisdiction, improper
venue or forum non-conveniens to the conduct of any proceeding in any such court and waives personal service of any and all process
upon them and consent that all such service of process be made by mail or messenger directed to it as the address set forth in
the Loan Agreement. If any provision or application of this Agreement is held unlawful or unenforceable in any respect, such illegality
or unenforceability shall not affect other provisions or applications which can be given effect and this Agreement shall be construed
as if the unlawful or unenforceable provision or application had never been contained herein or prescribed hereby. All representations
and warranties contained in this Agreement shall survive the execution, delivery and performance of this Agreement and the creation
and payment of the Obligations.

 

[CONTINUED
ON THE FOLLOWING PAGE]

  

    4

     

    

 

THE
PARTIES WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED ON OR PERTAINING TO THIS AGREEMENT.

 

IN
WITNESS WHEREOF, the parties have executed this Patent and Trademark Security Agreement as of the date written above.

 

	 	DEBTOR:
	 	 
	 	BLONDER TONGUE LABORATORIES, INC.
	 	 
	 	By:	 
	 	Name: Eric Skolnik
	 	Title: Senior Vice President and Chief Financial Officer
	 	 
	 	R. L. DRAKE HOLDINGS, LLC
	 	 
	 	By:	                       
	 	Name: Eric Skolnik
	 	Title: Senior Vice President and Chief Financial Officer

   

 [Signature
Page to Patent and Trademark Security Agreement]

     

     

    

 

	 	AGENT, ON BEHALF OF THE SECURED PARTY:
	 	 
	 	 
	 	ROBERT J. PALLÉ, as Agent

 

 [Signature
Page to Patent and Trademark Security Agreement]

     

     

    

 

EXHIBIT
A

 

ISSUED
PATENTS

 

None.

  

PENDING
PATENT APPLICATIONS

   

	Country	 	App No Filing Date	 	Title	 	Publication

 Date	 	Publication No.
	PCT	 	PCT/US2017/055342

10/5/2017	 	International Networking Modules for Display Systems	 	4/11/2019	 	WO 2019/070283A1
	USA	 	15/722,643

10/2/2017	 	Enterprise Content Gateway	 	10/4/2018	 	US20180288829
	Australia	 	2017407363

10/2/2019	 	Enterprise Content Gateway	 	 	 	AU2017407363
	Canada	 	3058156

9/26/2019	 	Enterprise Content Gateway	 	 	 	CA3058156
	EPO	 	17903385.7

10/23/2019	 	Enterprise Content Gateway	 	2/5/2020	 	EP3602314
	USA	 	16/580,180

9/24/2019	 	Networking Modules for Display Systems	 	1/16/2020	 	US2020/0021874

 

PATENT
LICENSES

   

The
following are the patent licenses which Parent is a party:

  

	Licensor	 	Description
	Moonbeam
    LLC	 	Patent
    Purchase Agreement (with license back to Blonder Tongue)
	CableLabs	 	CableCARD
    Software Keys
	Dolby
    Laboratories Licensing Corp	 	Dolby
    Trademark
	Digital
    Content Protection	 	HDCP
    License Agreement
	Digital
    Transmission Licensing Admin 	 	DTCP
    license
	HDMI	 	HDMI
	LG
    Electronics	 	Pro:Idiom
    content protection
	Motion
    Picture Experts Group	 	MPEG-2
    Systems Patent Portfolio License
	Via
    Licensing Corporation	 	AAC
    Patent License Agreement
	ViXS	 	Development
    Kit License Agreement; Technical Support Agreement
	Commsonic
    LTD	 	Developer
    License Agreement
	Verimatrix	 	Master
    Integration Agreement
	Broadcom	 	Software
    License Agreement
	RDK
    Management	 	Software
License Agreement

 

Miscellaneous
shrink wrap software licenses

  

The
Company also from time to time licenses technology from third parties that may not be subject to an underlying patent, but rather
constitutes trade secret information of the licensor.

  

The
following are the patent licenses which R. L. Drake Holdings, LLC (“Drake”) is a party:

  

ATSC
Patent Portfolio License dated April 30, 2008 by and between MPEG LA, LLC (as licensor) and Drake (as licensee) and the ATSC non-assert
document offered on behalf of Zenith Electronics dated April 13, 2010.

 

AVC
Patent Portfolio License dated April 30, 2008 by and between MPEG LA, LLC (as licensor) and Drake (as licensee).

 

MPEG-2
Patent Portfolio License dated September 14, 2009 by and between MPEG LA, LLC (as licensor) and Drake (as licensee).

 

DFAST
Technology License Agreement for Non-Portable (Cable Operator-Purchased) Devices) dated July 20, 2009 by and between Cable Television
Laboratories, Inc. (as licensor) and Drake (as licensee).

 

Dolby
Laboratories System License Agreement dated May 28, 2009 by and between Dolby Laboratories Licensing Corporation (as licensor)
and Drake (as licensee).

  

     

     

    

 

EXHIBIT
B

 

UNITED
STATES ISSUED TRADEMARKS, SERVICE MARKS

AND
COLLECTIVE MEMBERSHIP MARKS

REGISTRATIONS

	I.	PARENT

 

None.

 

	II.	DRAKE

 

None.

 

	

    COUNTRY	 	

    MARK	 	

    SERIAL NO.	 	REG.
    DATE/

    REG. NO.
	USA	 	DRAKE	 	76604375	 	09/20/2005
    / 2996788
	Italy	 	 	 	349,155	 	 
	France	 	 	 	1406111	 	 
	Switzerland	 	 	 	P288,683	 	 
	Norway	 	 	 	101980	 	 
	Lebanon	 	 	 	68262	 	 
	Bahrain	 	 	 	Tm17974	 	 
	Canada	 	 	 	TMA318883	 	 

 

APPLICATIONS

None.

 

COLLECTIVE
MEMBERSHIP MARKS

 

None.

  

     

     

    

 

UNREGISTERED
MARKS

 

		I.	PARENT

 

	Mark	 	Description
	“BLONDER
    TONGUE” (block letters)	 	Company
    logo
	“BT”
    (with design)	 	Company
    logo
	BIDA	 	Distribution
    amplifiers or “Broadband Indoor Distribution Amplifier”; 1986
	AP	 	AP
    series Agile heterodyne Processors; 1992
	AM	 	Agile
    audio/video Modulator; 1992
	MICM	 	Channelized
    Audio/Video Modulator; 1996
	ACA	 	Distribution
    amplifiers or “Apartment Complex Amplifier”; 1986
	NeXgen
    Gateway	 	Enterprise
    Content Gateway 
	NXG	 	Abbreviation
    for NeXgen Gateway
	BT
    Cryptolink	 	Encryption
    Module for IP Decoding
	Cryptolink	 	Encryption
    Module for IP Decoding
	Clearview	 	Transcoder
	NXG-View	 	Blade
    to oversee all working blades for the NeXgen Gateway
	NXG-BTCRYPT	 	Provides
    AES-128 Encryption

 

		II.	DRAKE

 

	Mark	 	Description
	“R.
    L. Drake”	 	Company
    logo
	“Drake”	 	Company
    logo
	Trailblazer	 	Transmitters,
    receivers, fiber optic broadband links; 2000
	Drake
    Canada	 	Fiber
    optic telecommunications line; 2000
	Drake
    Digital	 	Distribution
    amplifiers or “Broadband Indoor Distribution Amplifier”; 1986

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