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. U220197509835
Lender / Secured party/ies:
Mantengu Mining Limited & Langpan Mining Co (PTY) LTD (RSA)Debtor / Grantor/s:
NPFC SPV 1 Inc (WY, USA)Secured amount (USD$):
refer to the collateral for this information.Collateral:
Secured Party and Debtor entered into a Note Issuance Agreement in which Debtor has issued 1 individual Note in the amount of USD $5 million each represented by CUSIP# 65172Q AA5 / ISIN # US65172QAA58. Note is identified as NPFC/UST/CN/2021/01-36. 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. Langpan Mining Co (Pty) Ltd have 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):
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