On December 7, 2012, Cobra Electronics Corporation (the "Company") entered into the Third Amendment to Credit Agreement (the "Amendment") among the Company, BMO Harris Bank N.A. (formerly known as Harris N.A.), as administrative agent, and the lenders party thereto. The Amendment increases the maximum amount available under the facility from $30,000,000 to $35,000,000, amends certain components of the borrowing base availability formula, decreases the rates of interest and commitment fees thereunder and extends the maturity date from July 16, 2013 to July 16, 2016.

The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the Amendment attached hereto as Exhibit 10.1 and incorporated herein by reference.

The information required by this Item 2.03 is contained in Item 1.01 above and is incorporated herein by reference.

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

Exhibit No.       Description of Exhibit

10.1              Third Amendment to Credit Agreement dated December 7, 2012 among
                  Cobra Electronics Corporation, BMO Harris Bank N.A. (formerly
                  known as Harris N.A.), as administrative agent, and the lenders
                  party thereto