---
title: "Stewards extends maturity of USD 1.6 million promissory note installment to Oct. 15"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299746020.md"
description: "Stewards Inc. extended the maturity of a USD 1.6 million promissory note installment owed to related party FAVO Holdings to October 15, 2026. Interest remains at 10% for this period, totaling USD 20,000, payable with the principal. Previously accrued unpaid interest is also due on this date. A 15% default interest penalty is waived through Oct. 15 but reinstates on any subsequent unpaid amounts. This transaction involves Vincent Napolitano and Shaun Quin, with Quin recusing himself."
datetime: "2026-09-22T10:02:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299746020.md)
  - [en](https://longbridge.com/en/news/299746020.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299746020.md)
generator: "portal-rs"
---

# Stewards extends maturity of USD 1.6 million promissory note installment to Oct. 15

-   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. 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. Stewards Inc. 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: 0001663577-26-000303), on September 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

### Related Stocks

- [SWRD.US](https://longbridge.com/en/quote/SWRD.US.md)

## Related News & Research

- [Stewards Inc Tightens Controls on Equity Incentive Plan](https://longbridge.com/en/news/298969867.md)
- [Stewards begins trading on Nasdaq Capital Market under SWRD after direct uplisting](https://longbridge.com/en/news/298926553.md)
- [Stewards Inc Updates Preferred Stock Conversion Ownership Limits](https://longbridge.com/en/news/298952564.md)
- [Stewards to buy two South Florida properties at $3/share in restricted all-stock deal](https://longbridge.com/en/news/298936926.md)
- [Stewards Provides Update on Proposed PIXL and Envy Acquisitions | SWRD Stock News](https://longbridge.com/en/news/298927638.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**