Document:

Exhibit

EXHIBIT 10.7 
As of July 17, 2019

Lone Star Value Co-Invest I, LP
C/O Lone Star Value Management, LLC 53 Forest Ave., 1st Floor
Old Greenwich, Connecticut 06870

Re:    ATRM Holdings, Inc. – Promissory Note Ladies and Gentlemen:
Reference is hereby made to that certain PROMISSORY NOTE (the “Note”) dated as of June 1, 2018, executed by ATRM HOLDINGS, INC. (the “Debtor”), in favor of the holder of the Note, LONE STAR VALUE CO-INVEST I, LP (the “Holder”), in the principal amount of NINE HUNDRED THOUSAND DOLLARS ($900,000.00). Capitalized terms used herein shall, unless otherwise indicated, have the respective meanings set forth in the Note.

Section 1. Waiver and Consent. (a) The Holder hereby acknowledges and agrees that no Event of Default under Section 4(vi) of the Note will arise with respect to the closing (the “Closing”) of that certain Agreement and Plan of Merger by and among Digirad, Digirad Acquisition Corporation and the Debtor dated as of July 3, 2019 (the “Merger Agreement”).

(b)In the event of the Closing of the Merger Agreement, the Holder hereby waives any right pursuant to Sections 4 and 9(i) to accelerate all payments due under the Note or any other right or remedy available under the Note to the Holder with respect to the Closing.

(c)The Holder hereby further acknowledges and agrees that any amendments to the Debtor’s articles or bylaws to be entered into at Closing shall not constitute a breach of the covenants of the Debtor pursuant to Section 5(d) of the Note, and the Holder hereby consents to any such amendments entered into at Closing.

Section 2.  Ratification.   Except as expressly provided for herein, by execution of this letter in the   space provided below, Debtor ratifies and confirms that the Note, and all renewals, extensions, and restatements of, and amendments and supplements to, any of the foregoing, are and remain in full force and effect in accordance with their respective terms.

Section 3. Severability. In case any one or more of the provisions contained in this letter should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.

Section 4.   Section Headings.   Section headings herein have  been inserted  for reference only  and  shall not be deemed to limit or otherwise affect, in any manner, or be deemed to interpret in whole or in part any of the terms or provisions of this letter.

Section 5. No Impairment. The waiver hereby granted by Holder does not, other than to the extent expressly waived or amended hereby, (a) constitute a waiver or modification of any other terms or

As of July 17, 2019
Page 2

provisions set forth in the Note, (b) impair any right that the Holder may now or hereafter have under or in connection with the Note, or (c) impair the Holder’s rights to insist upon strict compliance with the Note, as modified hereby. The Note continues to bind and inure to the parties and their respective successors and permitted assigns.

Section 6.   Counterparts.   This letter may be signed in any number of counterparts, each of which   shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of this letter by facsimile or other electronic transmission shall be as effective as delivery of a manually executed counterpart hereof.

Section 7.    Construction.   This Note shall be construed without any regard to any presumption or    rule requiring construction against the party causing such instrument or any portion thereof to be drafted.

SECTION 8. ENTIRE AGREEMENT. THIS LETTER AND THE NOTE EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS, AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THE SUBJECT MATTER HEREOF, AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES HERETO.

[Remainder of Page Intentionally Left Blank; Signature Page to Follow.]

Please execute a copy of this letter in the space provided below to acknowledge your agreement to the foregoing. 
	
				
	 
	 
	Sincerely,
	 

	 
	 
	 
	 

	 
	 
	ATRM HOLDINGS, INC.
	 

	 
	 
	 
	 

	 
	By:
	/S/ Dan Koch
	 

	 
	Name:
	Dan Koch
	 

	 
	Title:
	President and Chief Executive Officer
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	Acknowledged this 17th day of July, 2019.
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	LONE STAR VALUE CO-INVEST I, LP
	 

	 
	 
	 
	 

	 
	By:
	/S/ Jeffrey E. Eberwein 
	 

	 
	Name:
	Jeffrey E. Eberwein
	 

	 
	Title:
	Managing MemberExhibit

EXHIBIT 10.8

As of July 17, 2019

Lone Star Value Management, LLC 53 Forest Ave., 1st Floor
Old Greenwich, Connecticut 06870

Re:    ATRM Holdings, Inc. – Promissory Note Ladies and Gentlemen:
Reference is hereby made to that certain PROMISSORY NOTE (the “Note”) dated as of December 17, 2018, executed by ATRM HOLDINGS, INC. (the “Debtor”), in favor of the holder of the Note, LONE STAR VALUE MANAGEMENT, LLC (the “Holder”), in the principal amount of THREE HUNDRED THOUSAND DOLLARS ($300,000.00). Capitalized terms used herein shall, unless otherwise indicated, have the respective meanings set forth in the Note.

Section 1. Waiver and Consent. (a) The Holder hereby acknowledges and agrees that no Event of Default under Section 4(vi) of the Note will arise with respect to the closing (the “Closing”) of that certain Agreement and Plan of Merger by and among Digirad, Digirad Acquisition Corporation and the Debtor dated as of July 3, 2019 (the “Merger Agreement”).

(b)In the event of the Closing of the Merger Agreement, the Holder hereby waives any right pursuant to Sections 4 and 9(i) to accelerate all payments due under the Note or any other right or remedy available under the Note to the Holder with respect to the Closing.

(c)The Holder hereby further acknowledges and agrees that any amendments to the Debtor’s articles or bylaws to be entered into at Closing shall not constitute a breach of the covenants of the Debtor pursuant to Section 5(d) of the Note, and the Holder hereby consents to any such amendments entered into at Closing.

Section 2.  Ratification.   Except as expressly provided for herein, by execution of this letter in the   space provided below, Debtor ratifies and confirms that the Note, and all renewals, extensions, and restatements of, and amendments and supplements to, any of the foregoing, are and remain in full force and effect in accordance with their respective terms.

Section 3. Severability. In case any one or more of the provisions contained in this letter should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.

Section 4.   Section Headings.   Section headings herein have  been inserted  for reference only  and  shall not be deemed to limit or otherwise affect, in any manner, or be deemed to interpret in whole or in part any of the terms or provisions of this letter.

Section 5. No Impairment. The waiver hereby granted by Holder does not, other than to the extent expressly waived or amended hereby, (a) constitute a waiver or modification of any other terms or provisions set forth in the Note, (b) impair any right that the Holder may now or hereafter have under or

As of July 17, 2019
Page 2
in connection with the Note, or (c) impair the Holder’s rights to insist upon strict compliance with the Note, as modified hereby. The Note continues to bind and inure to the parties and their respective successors and permitted assigns.

Section 6.   Counterparts.   This letter may be signed in any number of counterparts, each of which   shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of this letter by facsimile or other electronic transmission shall be as effective as delivery of a manually executed counterpart hereof.

Section 7.    Construction.   This letter shall be construed without any  regard to any presumption or   rule requiring construction against the party causing such instrument or any portion thereof to be drafted.

SECTION 8. ENTIRE AGREEMENT. THIS LETTER AND THE NOTE EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS, AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THE SUBJECT MATTER HEREOF, AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES HERETO.

[Remainder of Page Intentionally Left Blank; Signature Page to Follow.]

Please execute a copy of this letter in the space provided below to acknowledge your agreement to the foregoing. 
	
				
	 
	 
	Sincerely,
	 

	 
	 
	 
	 

	 
	 
	ATRM HOLDINGS, INC.
	 

	 
	 
	 
	 

	 
	By:
	/S/ Dan Koch
	 

	 
	Name:
	Dan Koch
	 

	 
	Title:
	President and Chief Executive Officer
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	Acknowledged this 17th day of July, 2019.
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	LONE STAR VALUE CO-INVEST I, LP
	 

	 
	 
	 
	 

	 
	By:
	/S/ Jeffrey E. Eberwein 
	 

	 
	Name:
	Jeffrey E. Eberwein
	 

	 
	Title:
	Managing MemberExhibit

Exhibit 10.9

                                            PREMIER BANK
                                          EXTENSION/REVISION AGREEMENT OF NOTE
Loan No. 9040551-01

This refers to the loan evidenced by promissory note dated June 30, 2017, executed by Glenbrook Building Supply, Inc and Edgebuilder, Inc. upon which the present principal balance is $2,635,874.53. This revision is effective October 1, 2019.

Said note is secured by: Collateral and any other pertinent documents.

Request is hereby made that you revise the terms of said note and that you accept payments thereof at the time, or times, and in the manner following:

XX    Said note shall be extended to and become payable on: November 1, 2019.

XX    Interest due and payable as of October 1, 2019, as well as an extension fee of $10,000.00 will be drawn from the account ending in 7850 upon execution of this document. The loan shall remain on auto payments from the checking account ending in 7850.

XX    This loan shall balloon on January 1, 2020, when all principal and interest is due

XX    All other terms and conditions of the original note dated June 30, 2019 and subsequent revisions and extensions shall remain in effect until maturity on October 1, 2019.
In consideration of your acceptance of such revision, and your forbearance to enforce payment except as herein above revised, the indebtedness evidenced by said note is hereby acknowledged and admitted, and the undersigned, jointly, severally, and unconditionally promise and agree to pay the same with the interest thereon within the time and in the manner provided for in said revision, together with attorneys’ fees, costs of collection, and any other sums provided for in said note.
Any and all security held by you for said note and/or for any other obligation(s) of the undersigned may be enforced by you concurrently or independently in such order as you may determine; and with reference to any such security, you may, without consent of or notice to any of the undersigned, exchange, substitute or release such security without affecting the liability of the undersigned, or any of them, and you may release any one or more parties hereto or to the above obligation, or permit the liability of said party or parties to terminate without affecting the liability of any other party or parties liable thereon.
This agreement is a revision only, and not a novation; and except as herein provided, all of the terms and conditions of said note and of any mortgage, security agreement or other document of lien or encumbrance shall remain in full force and effect.

Executed this 1st day of October 2019. I acknowledge receipt of a copy of this agreement.
	
				
	BORROWERS
	 
	GUARANTORS
	 

	 
	 
	 
	 

	Glenbrook Building Supply, Inc., a
	 
	ATRM Holdings, LLC, a Minnesota 
	 

	Delaware Corporation
	 
	corporation
	 

	 
	 
	 
	 

	/S/ Daniel M. Koch
	 
	/S/ Daniel M. Koch
	 

	Daniel M. Koch
	 
	Daniel M. Koch
	 

	Its: Chief Executive Officer
	 
	Its: Chief Executive Officer
	 

	 
	 
	 
	 

	 
	 
	 
	 

	Edgebuilder, Inc., a Delaware
	 
	/S/ Jeffrey E. Eberwein
	 

	Corporation
	 
	Jeffery E. Eberwein
	 

	 
	 
	Individually
	 

	/S/ Daniel M. Koch
	 
	 
	 

	Daniel M. Koch
	 
	 
	 

	Its: Chief Executive Officer
	 
	 
	 

The foregoing revision is accepted this   1st    day of October 2019.

	
				
	PREMIER BANK
	 
	 
	 

	 
	 
	 
	 

	BY:  /S/ Brian L Carnes
	 
	 
	 

	Brian L. Carnes
	 
	 
	 

	Chief Credit Officer
	 
	 
	 

It is agreed that this Agreement may be signed in counterparts and by electronic and facsimile transmissions, each of which when taken together shall constitute one and the same original Agreement.

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