Extension Letter Agreement for Due Diligence Period – Blonder Tongue Laboratories, Inc. and Jake Brown Rd, LLC

Summary

Blonder Tongue Laboratories, Inc. and Jake Brown Rd, LLC have mutually agreed to extend the due diligence period for the sale of the property at One Jake Brown Road, Old Bridge, NJ. The new expiration date for the due diligence period is now the close of business on October 4, 2018. This extension allows the buyer additional time to complete their review of the property before finalizing the purchase.

EX-10.1 2 f8k092018ex10-1_blonder.htm EXTENSION LETTER AGREEMENT

Exhibit 10.1

One Jake Brown Road, Old Bridge NJ 08857
Phone: 732 ###-###-#### | Fax: 732 ###-###-####
www.blondertongue.com | www.rldrake.com

September 20, 2018

Sent by UPS

Jake Brown Rd, LLC

c/o Saadia Group

1 West 34th Street, 11th Floor

New York, NY 10001

Attention: Jack Saadia

RE:

Extension of Due Diligence Period

Agreement of Sale dated August , 2018 between Blonder Tongue

Laboratories, Inc. as “Seller” and Jake Brown Rd, LLC as “Buyer”

Property: One Jake Brown Road, Old Bridge, NJ

Dear Mr. Saadia:

This confirms that the expiration date of the Due Diligence Period defined in the above referenced Agreement of Sale has been extended by mutual agreement of the parties until the close of business on Thursday, October 4, 2018.

	Sincerely yours,

	/s/ Eric S. Skolnik
	Eric S. Skolnik
	Senior Vice President / Chief Financial Officer

cc (via UPS):	Montgomery McCracken Walker & Rhoads
	437 Madison Avenue, New York, NY 10022
	Attention: Jeffrey Dayon, Esq.