Encumbrance City Commercial Insurance Company PCC Limited GUERNSEY over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 15 Dec 2021 Ref. 202112158547046
Lender / Secured party/ies:
City & Commercial Insurance Company (PCC) Limited (GUERNSEY) and n/aDebtor / Grantor/s:
NEWPOINT FINANCIAL CORP. (DE, USA) and n/aSecured amount (USD$):
refer to the collateral for this information.Collateral:
Refer to the source document for precise wording, scanned with OCR and AI tools. - Details of the Note Issuance and Collateral Pledge: Secured Party and Debtor have entered into a Note Issuance Agreement, where the Debtor has issued two individual Notes, each valued at USD $5 million, represented by CUSIP# 65172Q AA5 / ISIN# US65172QAA58. The notes are identified as NPFC/UST/CN/2021/01-40. Under the terms of the Note Issuance Agreement, the Debtor has pledged to the Secured Party all its rights to the principal corpus of the United States Treasury Bonds registered under CUSIP 912810QZ4 as Collateral. The specifics of this Collateral Pledge and Security Agreement are detailed in the agreement between the Secured Party and Debtor.
Analysis (Mark Smith's comments):
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