Onfolio Holdings, Inc: enters forbearance on $850,000 note

What happened On Oct 12, 2026, the filing reports that Eastern Standard, LLC, a Delaware limited liability company and subsidiary of Onfolio Holdings, Inc (the "Maker"), and Onfolio Holdings, Inc., as guarantor, entered into a Limited Forbearance Agreement and Reaffirmation of Loan Documents with Eastern Standard, LLC, a Pennsylvania limited liability company (the "Payee"). The agreement relates to the failure to timely make certain payments under an $850,000 promissory note issued by the Maker to the Payee in connection with the acquisition of the Eastern Standard business.

Key details

• The Note is secured by the Maker’s assets and guaranteed by Onfolio Holdings, Inc.
• Scheduled payments under the forbearance: a $450,000 initial payment on or before Oct 31, 2026; monthly payments of $60,000 beginning Dec 1, 2026; and a final payment of $45,754.29 on Jul 1, 2027.
• Total scheduled payments equal $915,754.29, inclusive of principal, interest, a $20,000 late charge and other amounts owed.
• Upon receipt of the initial payment and so long as each monthly payment is made when due (subject to a ten-day cure period), the Payee agreed to forbear from exercising certain rights and remedies; if the initial payment is not made or if a payment is not cured within the cure period, the Payee may exercise its remedies. The forbearance does not extend the Note’s maturity and default interest will continue to accrue.

Why it may matter

• Item 1.01 was reported: entry into a material definitive agreement (the Limited Forbearance Agreement and Reaffirmation of Loan Documents).
• Item 2.04 was reported: triggering events that accelerate or increase a direct financial obligation are disclosed in the filing. The filing does not show why the company acted.