Onar Holding agrees to pay USD 1.5 million plus 18% interest in settlement tied to promissory note dispute

• Onar Holding entered a settlement agreement that restructures repayment of a USD 1.5 million senior secured promissory note.
• Deal sets simple interest at 18% from March 18, 2024, accruing only on unpaid principal with no compounding.
• Payments include USD 50,000 within one business day, USD 300,000 by Aug. 30, 2026, then 14 quarterly USD 75,000 installments.
• Final true-up payment is due the first business day of February 2030 for any remaining principal or accrued unpaid interest.
• Settlement provides mutual releases tied to the note dispute, supporting dismissal of the related Delaware lawsuit.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Onar Holding Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-004451), on July 22, 2026, and is solely responsible for the information contained therein.