Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed, on October 25, 2019, Blonder Tongue Laboratories, Inc. (the "Company"), R. L. Drake Holdings, LLC, a wholly-owned subsidiary of the Company, Blonder Tongue Far East, LLC, a wholly-owned subsidiary of the Company and MidCap Business Credit LLC ("MidCap") entered into a Loan and Security Agreement (All Assets) (the "Original Agreement"), which was subsequently amended by a Consent and Amendment to Loan Agreement and Loan Documents dated as of April 7, 2020 (the "First Amendment"), a Second Amendment to Loan Agreement dated as of January 8, 2021 (the "Second Amendment"), a Third Amendment to Loan Agreement dated as of June 14, 2021 (the "Third Amendment"), a Fourth Amendment to Loan Agreement dated as of July 30, 2021 (the "Fourth Amendment"), a Fifth Amendment to Loan Agreement dated as of August 26, 2021 (the "Fifth Amendment"), a Sixth Amendment to Loan Agreement dated as of December 16, 2021 (the "Sixth Amendment," a Seventh Amendment to Loan Agreement dated as of February 11, 2022 (the "Seventh Amendment"), an Eighth Amendment to Loan Agreement dated as of March 3, 2022 (the "Eighth Amendment"), a Ninth Amendment to Loan Agreement dated as of April 5, 2022 (the "Ninth Amendment"), a Tenth Amendment to Loan Agreement dated as of May 5, 2022 (the "Tenth Amendment"), an Eleventh Amendment to Loan Agreement dated as of June 14, 2022 (the "Eleventh Amendment") and a Twelfth Amendment to Loan Agreement, dated as of July 1, 2022 ("Twelfth Amendment") together with the Original Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment, the Seventh Amendment, the Eighth Amendment, the Ninth Amendment, the Tenth Amendment, the Eleventh Amendment and the Twelfth Amendment, (the "Loan Agreement").

The parties have entered into a Thirteenth Amendment to Loan Agreement, dated as of October 25, 2022 ("Thirteenth Amendment"), to, among other things, extend the expiration date of the Loan Agreement to October 28, 2022.

The foregoing summary of the Thirteenth Amendment is not complete and is qualified in its entirety by reference to the full text of the Thirteenth Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. In addition, the Original Agreement is attached as an exhibit to our Current Report on Form 8-K filed on October 30, 2019, the First Amendment is attached as an exhibit to our Current Report on Form 8-K filed on April 9, 2020, the Second Amendment is attached as an exhibit to our Current Report on Form 8-K filed on January 11, 2021, the Third Amendment is attached as an exhibit to our Current Report on Form 8-K filed on June 15, 2021 the Fourth Amendment is attached as an exhibit to our Current Report on Form 8-K filed on August 2, 2021, the Fifth Amendment is attached as an exhibit to our Current Report on Form 8-K filed on August 30, 2021, the Sixth Amendment is attached as an exhibit to our Current Report on Form 8-K filed on December 17, 2021, the Seventh Amendment is attached as an exhibit to our Current Report on Form 8-K filed on February 15, 2022, the Eighth Amendment is attached as an exhibit to our Current Report on Form 8-K filed on March 4, 2022, the Ninth Amendment is attached as an exhibit to our Current Report on Form 8-K filed on April 8, 2022, the Tenth Amendment is attached as an exhibit to our Current Report on Form 8-K filed on May 5, 2022, the Eleventh Amendment is attached as an exhibit to our Current Report on Form 8-K filed on June 15, 2022 and the Twelfth Amendment is attached as an exhibit to our Current Report on Form 8-K filed on July 6, 2022. We encourage you to read each of the Original Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment, the Seventh Amendment, the Eighth Amendment, the Ninth Amendment, the Tenth Amendment, the Eleventh Amendment, the Twelfth Amendment and the Thirteenth Amendment in its entirety.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information contained in Item 1.01 above with respect to the Thirteenth Amendment is hereby incorporated by reference into this Item 2.03. Upon a default under the Loan Agreement, as amended, including the non-payment of principal or interest, the obligations of the borrower may be accelerated and MidCap may pursue its rights under the Loan Agreement, as amended, and the related pledge agreement, security agreement and guaranty agreement, and under the Uniform Commercial Code and/or any other applicable law or in equity.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The following exhibits are filed herewith:





Exhibit No.   Description

10.1            Thirteenth Amendment to Loan Agreement, dated October 25, 2022.
104           Cover Page Interactive Data File (embedded within the Inline XBRL document).




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