Ontario · NOI

Motion Record of NTSM returnable October 13, 2026

Application / notice of application · 12 October 2026

AI summary

A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.

What we verified from this filing3 verified

secured creditorsnote: No outstanding balance stated on these pages. Advanced funds and extended credit after the Initial Proposal approval to refinance certain existing indebtedness and fund working capital. · page: 10 · debtor: National Traffic Safety Management Inc. · creditor: Oxygen Working Capital Corp. · currency: CAD · security: Interest in factored accounts receivable (Factoring Agreement); other security interests including security in respect of the term loan (loan agreement dated April 28, 2025). Ranks first as to factored accounts receivable, ahead of the existing $80,000 Administration Charge; its other security ranks behind the existing $80,000 Administration Charge and ahead of the additional $120,000 Administration Charge.
secured creditorsnote: Court-ordered priority charge securing professional fees, not a loan balance. $200,000 is the proposed maximum charge amount (existing $80,000 plus $120,000 increase), not an outstanding balance. A significant amount of professional fees remain unpaid, amount not stated. · page: 12 · amount: 200000 · debtor: National Traffic Safety Management Inc. · creditor: Administration Charge (Proposal Trustee, its counsel and Company counsel) · currency: CAD · security: Court-ordered charge granted by Justice Black on June 3, 2026 at $80,000; proposed increase to $200,000 (additional $120,000 ranks fourth, behind Oxygen's other security). Order states $200,000 before HST and disbursements.
counselChaitons LLP