Order: Go-To Developments Holdings Inc (Re)

IN THE MATTER OF
GO-TO DEVELOPMENTS HOLDINGS INC., GO-TO SPADINA ADELAIDE SQUARE INC., FURTADO HOLDINGS INC., and OSCAR FURTADO

File No. 2022-8

Adjudicators:
M. Cecilia Williams (chair of the panel)
Geoffrey D. Creighton
Cathy Singer

March 6, 2026

ORDER

(Subsection 127(1) and section 127.1 of the Securities Act, RSO 1990, c S.5)

WHEREAS on December 10, 2025, the Capital Markets Tribunal held a hearing at 20 Queen Street West, Toronto, Ontario, to consider the sanctions and costs that the Tribunal should impose as a result of the findings in the Reasons and Decision on the Merits issued on May 6, 2025;

ON READING the materials filed by the Ontario Securities Commission and Oscar Furtado, and on hearing the submissions of the representatives for the Commission, Furtado and KSV Restructuring Inc. (the Receiver) in its capacity as receiver and manager of Go-To Developments Holdings Inc., Go-To Spadina Adelaide Square Inc. (Adelaide GP) and Furtado Holdings Inc.;

IT IS ORDERED THAT:

1. pursuant to paragraphs 2 and 2.1 of subsection 127(1) of the Securities Act (the Act):
   1. trading in securities of Go-To Developments Holdings Inc., Adelaide GP, and Furtado Holdings Inc. shall cease for a period of 10 years, except for trades effected by the Receiver;
   2. Go-To Developments Holdings Inc., Adelaide GP, and Furtado Holdings Inc. are prohibited for a period of 10 years from trading in any securities or derivatives, or acquiring any securities, except for any trades or acquisitions effected by the Receiver; and
   3. Furtado is prohibited for a period of 10 years from trading in any securities or derivatives, or acquiring any securities, except that he may trade securities or derivatives, and acquire securities, in a Registered Retirement Savings Plan, Registered Retirement Income Fund, Registered Education Savings Plan, Registered Disability Savings Plan or Tax-Free Savings Account (as those terms are defined in the Income Tax Act, RSC, 1985, c 1 (5^th Supp)), of which he, his spouse or his children are the sole legal and beneficial owners, through a registered dealer in Canada to whom he has given a copy of this order;
2. pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to the respondents for a period of 10 years;
3. pursuant to paragraphs 7 and 8.1 of subsection 127(1) of the Act, Furtado shall resign any positions that he holds as a director or officer of any issuer or registrant;
4. pursuant to paragraphs 8 and 8.2 of subsection 127(1) of the Act, Furtado is prohibited from becoming or acting as a director or officer of any issuer or registrant for a period of 10 years;
5. pursuant to paragraph 8.5 of subsection 127(1) of the Act, the respondents are prohibited from becoming or acting as a registrant or as a promoter for a period of 10 years;
6. pursuant to paragraph 9 of subsection 127(1) of the Act:
   1. Furtado shall pay an administrative penalty in the amount of $1,000,000 to the Commission;
   2. Go-To Developments Holdings Inc. shall pay an administrative penalty in the amount of $200,000 to the Commission;
   3. Adelaide GP shall pay an administrative penalty in the amount of $200,000 to the Commission; and
   4. Furtado Holdings Inc. shall pay an administrative penalty in the amount of $200,000 to the Commission;
7. pursuant to paragraph 10 of subsection 127(1) of the Act, the respondents shall, jointly and severally, disgorge to the Commission $22,200,000; and
8. pursuant to section 127.1 of the Act, the respondents shall, jointly and severally, pay to the Commission $638,613.85 for costs of the investigation and proceeding.