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Exhibit 10.3

EIGHTH AMENDMENT TO LOAN AND SECURITY AGREEMENT DATED JANUARY 31, 2020

THIS EIGHTH AMENDMENT TO LOAN AND SECURITY AGREEMENT DATED JANUARY 31, 2020 (this "Eighth Amendment") is entered into as of this twelfth day of August 2022 (the "Effective Date"), by and among eCapital Asset Based Lending Corp., formerly known as Gerber Finance Inc., a New York corporation ("Lender") EdgeBuilder, Inc., a Delaware Corporation and Glenbrook Building Supply, Inc., a Delaware corporation (individually, "Initial Borrower") and, collectively, if more than one, the "Initial Borrowers"), and together with each other Person which, on or subsequent to the Closing Date, agrees in writing to become a "Borrower" hereunder, herein called, individually, a "Borrower" and, collectively, the "Borrowers," and pending the inclusion by written agreement of any other such Person, besides each Initial Borrower, as a "Borrower" hereunder, all references herein to "Borrowers," "each Borrower," the "applicable Borrower," "such Borrower" or any similar variations thereof (whether singular or plural) shall all mean and refer to the Initial Borrower or each one of them collectively) and Star Real Estate Holdings USA, Inc., a Delaware corporation, 300 Park Street, LLC, a Delaware limited liability company, 947 Waterford Road, LLC, a Delaware limited liability company, 56 Mechanic Falls Road, LLC, a Delaware limited liability company, ATRM Holdings, Inc., a Minnesota corporation, KBS Builders, Inc., a Delaware corporation, and Star Equity Holdings, Inc., a Delaware corporation, (individually or collectively, as the context may require, "Guarantor"), each Borrower and Guarantor having an address at 53 Forest Ave, Old Greenwich, CT 06870.

RECITALS

A.Lender and Borrowers entered into a Loan and Security Agreement dated as of January 31, 2020, as amended by (i) First Amendment to Loan and Security Agreement dated March 5, 2020 and (ii) Second Amendment to Loan and Security Agreement dated July 1, 2020 and (iii) Third Amendment to Loan and Security Agreement dated February 26, 2021 and (iv) Fourth Amendment to Loan and Security Agreement dated July 30, 2021 and (v) Fifth Amendment to Loan and Security Agreement dated October 21, 2021 and (vi) Sixth Amendment to Loan and Security Agreement dated January 20, 2022 and (vii) Seventh Amendment to Loan and Security Agreement dated March 8, 2022 (as further amended, modified, restated or supplemented from time to time, the "Loan Agreement").

B.The Loans are secured by, among other things, Guarantor's guaranty by its execution of the Loan Agreement as a Corporate Credit Party ("Guaranty").

C.ATRM Holdings, Inc. has executed an Amended and Restated Subordination Agreement dated January 31, 2020 and is a Subordinated Lender as defined in the Loan Agreement.

D.Star Equity Holdings, Inc. has executed an Amended and Restated Subordination Agreement dated July 30, 2021 and is a Subordinated Lender as defined in the Loan Agreement.

E.Star Procurement, LLC has executed an Amended and Restated Subordination Agreement dated January 31, 2020 and is a Subordinated Lender as defined in the Loan Agreement.

F.Borrowers have executed an Amended and Restated Note in the maximum principal amount of$4,000,000 dated July 30, 2021.

G.Lender has changed its name and the parties which to consent and ratify the Credit Documents accordingly.

H.Borrowers have violated a financial covenant in the Loan Agreement and have requested a waiver of the resulting Event of Default.

NOW, THEREFORE, in consideration of the covenants and agreements set forth herein, in consideration of the Recitals above which are incorporated into and made a part of this Eighth Amendment and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

AGREEMENTS

1.Lender, Borrowers and Guarantor reaffirm consent and agree to all of the terms and conditions of the Credit Documents defined in the Loan Agreement as binding, effective and enforceable according to their stated terms, except to the extent that such Credit Documents are hereby expressly modified by this Eighth Amendment.

2.In the case of any ambiguity or inconsistency between the Credit Documents and this Eighth Amendment, the language and interpretation of this Eighth Amendment is to be deemed binding and paramount.

3.The Borrowers' failure to comply with the "'Minimum EBITDA" financial covenant on Schedule III of the Loan Agreement as of June 30, 2022 constitutes an Event of Default under the Loan Agreement. Lender hereby agrees to grant a waiver thereof provided, however, that this waiver does not constitute (i) a modification or an alteration of any of the terms, conditions or covenants of the Loan Agreement or any Credit Documents, all of which remain in full force and effect, or (ii) a waiver, release or limitation upon Lender's exercise of any of its rights and remedies thereunder, all of which are hereby expressly reserved, or (iii) a waiver of compliance with Schedule III for any other period or purpose. This waiver does not relieve or release the Borrowers in any way from any of the other respective duties, obligations, covenants or agreements under the Loan Agreement or the other Credit Documents or from the consequences of any other Event of Default thereunder, except as expressly described above. This waiver does not obligate Lender, or be construed to require Lender, to waive any other Event of Default or defaults, whether now existing or which may occur after the date of this waiver.

4.The Credit Documents are hereby amended to change the name of Lender to "eCapital Asset Based Lending Corp., formerly known as Gerber Finance, Inc.," a New York corporation.

5.The parties agree to sign, deliver and file any additional documents and take any other actions that may reasonably be required by Lender including, but not limited to, affidavits, resolutions, or certificates for a full and complete consummation of the matters covered by this Eighth Amendment

6.Capitalized terms used in this Eighth Amendment which are not otherwise defined herein have the meaning ascribed thereto in the Credit Documents.

7.Each of Borrowers, Guarantor and the Credit Parties on behalf of itself and its affiliates, heirs, successors and assigns (collectively, "Releasing Parties"), hereby releases and forever discharges Lender, any trustee of the Loans, any servicer of the Loans, each of their respective predecessors-in-interest and successors and assigns, together with the officers, directors, partners, employees, investors, certificate holders and agents of each of the foregoing (collectively, the "Lender Parties"), from all debts, accountings, bonds, warranties, representations, covenants, promises, contracts, controversies, agreements, claims, damages, judgments, executions, actions, inactions, liabilities, demands or causes of action of any nature, at law or in equity, known or unknown, which such Releasing Party has or had prior to and including the date hereof relating in any manner whatsoever to matters arising out of: (a) the Loans, including, without

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limitation, its funding, administration and servicing; (b) the Credit Documents; or (c) any reserve and/or escrow balances held by Lender or any servicers of the Loans.

8.Borrowers, Guarantor and the Credit Parties, jointly and severally, agree to reimburse, defend, indemnify and hold Lender harmless from and against any and all liabilities, claims, damages, penalties, reasonable expenditures, losses or charges (including, but not limited to, all reasonable legal fees and court costs), which may now or in the future be undertaken, suffered, paid, awarded, assessed or otherwise incurred as a result of or arising out of any fraudulent conduct of Borrowers, Guarantor or any Credit Party in connection with the Credit Documents or of any breach of any of the representations or warranties made in any material respect.

9.This Eighth Amendment is binding upon, inures to the benefit of, and is enforceable by the heirs, personal representatives, successors and assigns of the parties. This Eighth Amendment is not assignable by a Borrower or Guarantor without the prior written consent of Lender.

10.To the extent that any provision of this Eighth Amendment is determined by any court or legislature to be invalid or unenforceable in whole or part either in a particular case or in all cases, such provision or part thereof is to be deemed surplusage. If that occurs, it does not have the effect of rendering any other provision of this Eighth Amendment invalid or unenforceable. This Eighth Amendment is to be construed and enforced as if such invalid or unenforceable provision or part thereof were omitted.

11.This Eighth Amendment may only be changed or amended by a written agreement signed by all of the parties hereto. By the execution of this Eighth Amendment, Lender is not to be deemed to consent to any future renewal or extension of the Loans. This Eighth Amendment is deemed to be part of and integrated into the Credit Documents.

12.THIS EIGHTH AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO THE CONTRACTS MADE AND PERFORMED IN SUCH STATE WITHOUT REGARD TO THE CONFLICT OF LAW PRINCIPLES THEREOF.

13.The parties to this Eighth Amendment acknowledge that each has had the opportunity to consult independent counsel of their own choice, and that each has relied upon such counsel's advice concerning this Eighth Amendment, the enforceability and interpretation of the terms contained in this Eighth Amendment and the consummation of the transactions and matters covered by this Eighth Amendment.

14.Borrowers agree to pay all attorneys' fees and other costs incurred by Lender or otherwise payable in connection with this Eighth Amendment (in addition to those otherwise payable pursuant to the Credit Documents), which fees and costs are to be paid as of the date hereof.

15.This Eighth Amendment may be executed in any number of counterparts, each of which when so executed is deemed to be an original and all of which taken together constitute but one and the same agreement. Delivery of an executed counterpart of this Eighth Amendment by facsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Eighth Amendment. Any party delivering an executed counterpart of this Eighth Amendment by facsimile or other electronic method of transmission also shall deliver an original executed counterpart of this Eighth Amendment but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Eighth Amendment.

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16.BORROWERS, GUARANTOR, EACH OF THE CREDIT PARTIES AND LENDER EACH HEREBY AGREES NOT TO ELECT A TRIAL BY JURY, AND WAIVES ANY RIGHT TO TRIAL BY JURY FULLY TO THE EXTENT THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST WITH REGARD TO THIS EIGHTH AMENDMENT, THE CREDIT DOCUMENTS, OR ANY CLAIM, COUNTERCLAIM OR OTHER ACTION ARISING IN CONNECTION THEREWITH. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS GIVEN KNOWINGLY AND VOLUNTARILY AND IS INTENDED TO ENCOMPASS INDMDUALLY EACH INSTANCE AND EACH ISSUE AS TO WHICH THE RIGHT TO A TRIAL BY JURY WOULD OTHERWISE ACCRUE. LENDER IS HEREBY AUTHORIZED TO FILE A COPY OF THIS PARAGRAPH IN ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER.

[Signatures appear on the following pages]

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IN WITNESS WHEREOF, the undersigned have caused this Eighth Amendment to be executed as of the Effective Date.

LENDER:

eCAPITAL  ASSET  BASED  LENDING  CORP.,
formerly known as GERBER FINANCE, INC.

By: /s/ Elena Goynatsky                                         
Name: Elena Goynatsky
Title:    Senior Vice President

BORROWER: EDGEBUILDER, INC.

By: /s/ Ron Schumacher                                        
    Name: Ron Schumacher
Title: Executive Chairman

GLENBROOK BUILDING SUPPLY, INC.

By: /s/ Ron Schumacher                                         
    Name: Ron Schumacher
Title: Executive Chairman

GUARANTOR:

STAR REAL ESTATE HOLDINGS USA, INC.

By:    /s/ David J. Noble    
Name: David J. Noble
Title:    President and Chief Executive Officer

Signature Pages to Eighth Amendment to Loan and Security Agreement dated January 21, 2020 (Continued on Next Page)

300 PARK STREET, LLC

By: /s/ David Noble                          
Name: David J. Noble
Title:    President and Chief Executive Officer

947 WATERFORD ROAD, LLC

By: /s/ David Noble                          
Name: David J. Noble
Title:    President and Chief Executive Officer

56 MECHANIC FALLS ROAD, LLC

By: /s/ David Noble                                                         
Name: David J. Noble
Title:    President and Chief Executive Officer

ATRM HOLDINGS, INC.

By: /s/ David Noble    
Name: David J. Noble
Title:    President

KBS BUILDERS, INC.

By: /s/ Thatcher Butcher                                        
Name: Thatcher Butcher
Title:    President

Signature Pages to Eighth Amendment to Loan and Security Agreement dated January 21, 2020 (Continued from Previous Page)

DocuSign Envelope ID: 017CDD69-1AD3-4DA8-8ED2-90B5C44A9689

STAR EQUITY HOLDINGS, INC.

By:     /s/ Richard K. Coleman     
Name: Richard K. Coleman
Title:    Chief Executive Officer

Signature Pages to Eighth Amendment to Loan and Security Agreement dated January 21, 2020 (Continued from Previous Page)

DocuSign Envelope ID: 017CDD69-1AD3-4DA8-8ED2-90B5C44A9689

CONSENTS TO EIGHTH AMENDMENT
TO LOAN AND SECURITY AGREEMENT DATED JANUARY 31. 2020
We hereby consent and agree to the attached terms of the Eighth Amendment to Loan and Security Agreement dated January 31, 2020.
ATRM HOLDINGS, INC.
(as Creditor pursuant to an Amended and Restated Subordination Agreement dated January 31, 2020)

By: /s/ David Noble    
Name: David Noble
Title:    President

STAR PROCUREMENT, LLC
(as Creditor pursuant to Amended and Restated Subordination Agreement dated January 31, 2020)

By: /s/ David Noble    
Name: David Noble
Title:    Manager
STAR EQUITY HOLDINGS, INC.
(as Creditor pursuant to Amended and Restated Subordination Agreement dated July 30, 2021)

By: /s/ Richard K Coleman    
Name: Richard K. Coleman
Title:    Chief Executive Officer

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Signature Page to Consents to Eighth Amendment to Loan and Security Agreement Dated January 31, 2020Document

Exhibit 10.1

AMENDMENT NINETEEN TO THE LOGISTICS SERVICES AGREEMENT

THIS AMENDMENT NINETEEN TO THE LOGISTICS SERVICES AGREEMENT (the
“Amendment”), dated as of May 17, 2022 (the “Amendment Effective Date”), is by and between The Honest Company, Inc. (“CLIENT”) and GEODIS Logistics LLC (“GEODIS”). CLIENT and GEODIS are collectively referred to herein as the “Parties”.

RECITALS:

WHEREAS, the Parties entered into a Logistics Services Agreement dated January 31, 2014, as amended from time to time (collectively the “Agreement”);
WHEREAS, pursuant to Amendment Ten to the Agreement, dated November 2, 2018 (“Amendment Ten”), GEODIS currently provides warehousing, distribution and fulfillment services for CLIENT at the CLIENT-leased facility located at 5550 Donovan Way North, Las Vegas, NV 89081 (the “Warehouse”); and
WHEREAS, the Parties desire to amend the Agreement for the purpose of extending the term set forth in Amendment Ten to the Agreement as set forth herein.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree to amend the Agreement with respect to the Warehouse as follows:
1.Extension. 
a.Effective as of March 31, 2022, the Initial Term set forth in Amendment Ten to the Agreement is hereby extended through August 1, 2022.

2.Conflict. To the extent there is any conflict between the Agreement and this Amendment with respect to the Services hereunder, the terms of this Amendment and any exhibits hereto will supersede such conflicting terms of the Agreement.

3.Defined Terms. Capitalized terms used in this Amendment or any of the exhibits attached hereto will have the meanings given to them in the Agreement unless otherwise defined.

4.No Other Changes. Except as provided herein, the Agreement and its amendments shall remain unchanged and in full force and effect in accordance with its terms.

[SIGNATURE PAGE FOLLOWS]

			
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Exhibit 10.1

IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as of the date set forth above.

									
	THE HONEST COMPANY, INC.
		GEODIS LOGISTICS LLC

	By: /s/ Kelly Kennedy
		By: /s/ Anthony Jordan

	Name: Kelly Kennedy		Name: Anthony Jordan
	Title: Chief Financial Officer		Title: Chief Operating Officer

			
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