Onfolio subsidiary enters forbearance after missing payments on $850,000 note

Onfolio Holdings, Inc disclosed in an 8-K filed on 20 October 2026 that its subsidiary Eastern Standard, LLC, a Delaware limited liability company, failed to make timely payments on an $850,000 promissory note issued to Eastern Standard, LLC, a Pennsylvania limited liability company, in connection with Onfolio's acquisition of the Eastern Standard business. The filing states the note is secured by the Maker's assets and guaranteed by Onfolio.

The 8-K states that on 12 October 2026 the Maker and Onfolio, as guarantor, entered a Limited Forbearance Agreement and Reaffirmation of Loan Documents with the Payee. Under the agreement, the Maker must pay $450,000 on or before 31 October 2026, followed by monthly payments of $60,000 beginning 1 December 2026, and a final payment of $45,754.29 on 1 July 2027, for total scheduled payments of $915,754.29. The filing says this total is inclusive of principal, interest, a $20,000 late charge and other amounts owed.

The filing states that upon receipt of the initial payment, and for so long as each monthly payment is made when due, subject to a ten-day cure period, the Payee has agreed to forbear from exercising certain rights and remedies under the note. It states that if all scheduled payments are made on time, the note will be deemed paid in full and the security interests and Onfolio's guaranty will be released. If the initial payment is not made by 31 October 2026, or any monthly payment is not made within the cure period, the filing states the Payee may exercise its remedies under the note, security agreement and guaranty. The filing also states that the forbearance agreement does not extend the maturity of the note and that default interest will continue to accrue.

The 8-K was filed under Item 1.01, Item 2.04 and Item 9.01, with the agreement attached as Exhibit 10.1. The filing notes that certain schedules or similar attachments may be omitted under Item 601(a)(5) of Regulation S-K and that the company will furnish a copy of any omitted schedule to the SEC upon request. The filing does not state the original date of the promissory note or the circumstances of the missed payments.