On November 2, 2009, Cobra Electronics Corporation (the "Company") entered into a Third Amendment to Loan and Security Agreement and Waiver (the "Amendment") to the Loan and Security Agreement dated as of February 15, 2008, among the Company, The PrivateBank and Trust Company (the "Agent") and the lenders (the "Lenders") party thereto, as amended (the "Loan Agreement"). Pursuant to the Amendment which was effective as of October 24, 2009, the Agent and the Lenders waived prior breaches by the Company of Section 14(a) and 14(b) of the Loan Agreement for the fiscal quarter ended September 30, 2009. In addition, the Amendment amends and restates certain representations and covenants contained in the Loan Agreement relating to the Company's real estate and intellectual property.

A copy of the Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01.  Exhibits.



(d) The following is a list of the exhibits filed herewith.



Exhibit No.                          Description of Exhibit

10.1          Third Amendment to Loan and Security Agreement and Waiver effective
              as of October 24, 2009 among Cobra Electronics Corporation, The
              PrivateBank and Trust Company, as a lender and administrative agent
              for itself and the other lenders, and RBS Citizens, N.A., as lender.