Encumbrance Mantengu Mining Limited Langpan Mining Co PTY LTD RSA over the assets of NPFC SPV 1 Inc WY USA dated 27 May 2022 Ref. 202205278252409
Lender / Secured party/ies:
Mantengu Mining Limited & Langpan Mining Co (PTY) LTD (RSA) and n/aDebtor / Grantor/s:
NPFC SPV 1 Inc (WY, 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. - Secured Party and Debtor entered into a Note Issuance Agreement in which the Debtor has issued 1 individual Note in the amount of USD $5 million, represented by CUSIP# 65172Q AA5 / ISIN# US65172QAA58. The note is identified as NPFC/UST/CN/2021/01-36. Pursuant to the Note Issuance Agreement and Notes, the Debtor has pledged to the 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 detailed in the agreement between the Secured Party and the Debtor. Additionally, Langpan Mining Co (Pty) Ltd has assigned $3,500,000 to RWE Supply & Trading GmbH to support the obligations under the Special Performance Guarantee (SPG) Facility between Newpoint Reinsurance Company Limited, Mantengu Mining Ltd & its subsidiary Langpan Mining Co (Pty) Ltd, and RWE Supply & Trading GmbH.
Analysis (Mark Smith's comments):
Security document (read it): Click Here to View document