{"url_path":"/sec/onar/8-k/2026-08-11/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-08-11","source_url":"https://www.sec.gov/Archives/edgar/data/1682265/0001477932-26-004882-index.html","accession_number":"0001477932-26-004882","cik":"0001682265","ticker":"ONAR","issuer_name":"Onar Holding Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1682265/0001477932-26-004882-index.html","primary_entity_key":"0001682265","primary_entity_name":"Onar Holding Corp"},"word_count":666,"has_tables":true,"body_markdown":"**Item 1.01. Entry into a Material Definitive Agreement.**\n\n \n\nAs previously disclosed in the Current Report on Form 8-K filed by ONAR Holding Corporation, a Nevada corporation (the “Company”) with the Securities and Exchange Commission (“SEC”) on July 31, 2026, the Company and Advertise Purple, Inc., a California corporation (“Advertise Purple” and together with the Company, the “Parties”), entered into that certain non-binding letter of intent dated March 23, 2026 (the “LOI”), which was subsequently amended by Amendment No. 1 to the letter of intent dated July 27, 2026 (“Amendment No. 1”), relating to the proposed acquisition of all of the outstanding equity interests of Advertise Purple by the Company (the “Transaction”). Capitalized terms used but not defined in this Current Report on Form 8-K shall have the meanings ascribed to them in Amendment No. 1.\n\n \n\nOn August 6, 2026, the Parties entered into Amendment No. 2 to the LOI (“Amendment No. 2”), which amends Amendment No. 1 to, among other things, grant the Company the right (but not the obligation) to extend the Outside Date from August 27, 2026 to September 28, 2026, upon the Company’s payment of $250,000 to Advertise Purple (the “Second Down Payment”), either on or before August 27, 2026. Accordingly, upon payment of the Second Down Payment in accordance with Amendment No. 2, (i) the Outside Date shall be extended to September 28, 2026 for all purposes of Amendment No. 1, and all references to the Outside Date in Amendment No. 1 shall be deemed to mean September 28, 2026 for all purposes of Amendment No. 1, (ii) the Down Payment in Amendment No. 1 shall be deemed to mean “$1,250,000” for all purposes of Amendment No. 1 and (iii) the Definitive Agreement shall be deemed amended such that (a) the cash consideration payable at the closing of the Transaction (the “Closing”) shall be increased to $12,825,000 and (b) $1,250,000 shall be credited against and applied to reduce, on a dollar-for-dollar basis, the purchase price otherwise payable by the Company upon the Closing. The Definitive Agreement has not been executed and is not binding until executed by the Parties and certain other parties thereto.\n\n \n\nThe foregoing description of Amendment No. 2 does not purport to be complete and is qualified in its entirety by reference to the full and complete terms of Amendment No. 2, a copy of which is filed herewith as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.\n\n \n\n**Cautionary Statements Regarding Forward-Looking Statements**\n\n \n\nThis Current Report on Form 8-K contains statements that the Company believes to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the Company’s future financial condition, results of operations, business operations and business prospects, and any statements regarding potential acquisitions, financings, debt restructurings, the closing of the transactions contemplated by the Proposed Purchase Agreement, are forward-looking statements. Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “predict,” “believe,” and similar words and expressions are intended to identify forward-looking statements. These statements reflect the Company’s current expectations, are not guarantees of future performance, and involve known and unknown risks and uncertainties, including the substantial doubt about the Company’s ability to continue as a going concern described in its SEC filings, the Company’s working capital deficit, the need for additional financing, the requirement to negotiate and execute definitive documentation, the satisfaction of closing conditions, integration risks, market conditions, competition, and regulatory changes, any of which could cause actual results to differ materially. Detailed risk factors are included in the Company’s filings with the SEC, including its Annual Report on Form 10-K and its Quarterly Report on Form 10-Q. These forward-looking statements speak only as of the date hereof. The Company assumes no obligation to update these statements except as required by law."}