Encumbrance NEWPOINT FINANCIAL CORP. DE USA over the assets of General Professional Indemnity LTD Bermuda dated 17 Dec 2021 Ref. U210111164525
Lender / Secured party/ies:
NEWPOINT FINANCIAL CORP. (DE, USA)Debtor / Grantor/s:
General Professional Indemnity LTD (Bermuda)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 3 individual Notes in the amount of USD $5 million each represented by CUSIP# 65172Q AA5 / ISIN # US65172QAA58. Notes are identified as NPFC/UST/CN/2021/01-11, NPFC/UST/CN/2021/01-12 and NPFC/UST/CN/2021/01-13. 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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