Ontario · NOI

Motion Record of the Proposal Trustee

Application / notice of application · 2 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 filing1 verified

secured creditorsnote: PAID IN FULL AND SATISFIED: under the August 27, 2026 Order the Company used cash to pay RBC in full (RBC loan repayment of $721,834 actual in the six weeks to Sept 27, 2026) and on September 3, 2026 took an assignment of RBC's security and rights against North Bay. The $730,500 (approx., inclusive of legal fees) was the combined Company/North Bay obligation to RBC as of Aug 20, 2026 per the Aug 27 endorsement. The Company's own borrowings from RBC had been reduced to nil before the NOI. Not a current secured claim; the assigned security is now an estate asset. · page: 34 · as of: 2026-08-20 · amount: 730500 · debtor: 2491000 Ontario Inc. (as secured guarantor of North Bay's obligations) · creditor: Royal Bank of Canada · currency: CAD · security: Company's secured guarantee of obligations of related party 1000009704 Ontario Inc. o/a NorthBay Building Products; RBC held security against North Bay as principal debtor