Stewards extends maturity of USD 1.6 million promissory note installment to Oct. 15
SWRD•Promissory note installment maturity extended
Stewards extended the maturity of a USD 1.6 million promissory note installment owed to FAVO Holdings to Oct. 15, 2026.
- Interest stays at 10% from Sept. 1 to Oct. 15, totaling USD 20,000, payable with the installment.
- Previously accrued unpaid interest remains outstanding, due on Oct. 15 alongside the principal.
- 15% default interest is waived through Oct. 15, reinstating on any unpaid amounts from that date.
- FAVO is a related party owned 65% by Vincent Napolitano, 35% by Shaun Quin, who recused himself.
