Onfolio Holdings signs forbearance deal on $850,000 note after missed payments
Onfolio Holdings subsidiary Eastern Standard, LLC and the company, as guarantor, entered into a forbearance agreement on October 12, 2026 over missed payments on an $850,000 promissory note tied to the Eastern Standard acquisition. The Payee agreed to hold off on remedies only if a $450,000 payment is made by October 31, 2026 and later monthly payments are made on time, and failure to do so lets the Payee enforce its rights against the Maker's assets and the company's guaranty.
Key points
- Initial payment of $450,000 due on or before October 31, 2026
- Monthly payments of $60,000 start December 1, 2026; final payment of $45,754.29 due July 1, 2027
- Total scheduled payments of $915,754.29, including a $20,000 late charge; default interest continues to accrue and maturity is not extended
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.