Encumbrance NEWPOINT FUNDING LTD UK over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 24 Jan 2022 Ref. 202201248038944
Lender / Secured party/ies:
NEWPOINT FUNDING LTD (UK) 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 Collateral Agreement and Note Issuance: Secured Party and Debtor have entered into a Note Issuance Agreement where the Debtor issued one individual note valued at USD $5 million, represented by CUSIP# 65172Q AA5 / ISIN # US65172QAA58, and identified specifically as NPFC/UST/CN/2021/01-23. According to the agreement, the Debtor has pledged all rights to the principal corpus of the United States Treasury Bonds, registered under CUSIP 912810QZ4, to the Secured Party as collateral. The specific terms and conditions of this Collateral Pledge and Security Agreement are detailed in the agreement executed between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
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