Aetrium Inc. (NasdaqCM:ATRM) announced that it has entered into a securities purchase agreement for a private placement of an unsecured convertible promissory note for gross proceeds of $2,000,000 on October 4, 2016. The transaction included participation from existing lender Lone Star Value Co-Invest I, LP, a fund managed by Lone Star Value Management LLC. The note was issued at par. The note bears an interest at a fixed rate of 10% per annum, payable semi-annually. In the event of default, the company may elect to pay interest at the rate of 12% per annum. The note will mature on April 1, 2019. The company shall be entitled to prepay the principal amount of this note together with all interest under this note accrued and unpaid at the date of prepayment at any time without penalty or premium upon five days prior written notice to the holder. The company shall be obligated to effect such prepayment within three days after the end of such notice period. The company has not retained any finder, broker, agent, financial advisor or other intermediary in connection with the agreement. The note is restricted. All costs and expenses incurred in connection with this agreement shall be paid by the party incurring such costs and expenses.