Onfolio enters limited forbearance for defaulted Eastern Standard note

Default status: Eastern Standard failed to make the September 1, 2026 interest installment and did not pay outstanding obligations when the $850,000 note matured on October 1, 2026; the existing defaults remain uncured.

Conditional forbearance: The payee's agreement to refrain from enforcement is effective only upon full receipt of a $450,000 initial payment by October 31, 2026.

Payment schedule: $450,000 by October 31, 2026; seven $60,000 monthly payments beginning December 1, 2026; $45,754.29 final payment on July 1, 2027; total scheduled payoff of $915,754.29.

No maturity extension: The October 1, 2026 maturity is not extended, default-rate interest continues to accrue, and a $20,000 late charge applies to the maturity default.

Cure period and remedies: Each monthly payment has a ten-calendar-day cure period; an uncured missed payment allows the payee to exercise enforcement rights under the note, the security agreement and the Onfolio guaranty.

Collateral and guaranty: Eastern Standard's assets secure the note under the Security Agreement, with Onfolio Holdings as guarantor and existing priority rights preserved until obligations are paid.

Resolution upon full payment: If all scheduled payments are timely made, the note is deemed paid and, within 30 calendar days, the payee must return the note, authorize UCC-3 terminations and confirm release of the guaranty.