Encumbrance American Millenium Insurance Company NJ USA over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 10 Feb 2022 Ref. 2022-21076116
Lender / Secured party/ies:
American Millenium Insurance Company (NJ, USA)Debtor / Grantor/s:
NEWPOINT FINANCIAL CORP. (DE, USA)Secured amount (USD$):
refer to the collateral for this information.Collateral:
- Refer to the source document for precise wording, scanned with OCR and AI tools. Secured Party and Debtor entered into a Note Issuance Agreement in which Debtor has issued 2 individual Notes in the amount of USO $5 million each represented by CUSIP# 65172Q AAS / ISIN # US65172QAA58. Notes are identified as NPFC/UST/CN/2021/01-14 and NPFC/UST/CN/2021/01-15. Pursuant to the Note Issuance Agreement and Notes, Debtor has pledged to Secured Party as Collateral all of its rights to the principal corpus of the United States Treasury Bonds registered under CUSIP 912810QZ4. The terms of this Collateral Pledge and Security Agreement are reflected in the agreement between Secured Party and Debtor.
Analysis (Mark Smith's comments):
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