Encumbrance Newpoint Reinsurance Company Limited Nevis St Kitts Nevis over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 15 Dec 2021 Ref. 202112158546905
Lender / Secured party/ies:
Newpoint Reinsurance Company Limited (Nevis, St Kitts & Nevis) 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 entered into a Note Issuance Agreement, under which the Debtor has issued 10 individual Notes, each valued at USD $5 million, represented by CUSIP# 65172Q AA5 / ISIN# US65172QAA58. These notes are identified as NPFC/UST/CN/2021/01-01, NPFC/UST/CN/2021/01-02, NPFC/UST/CN/2021/01-03, NPFC/UST/CN/2021/01-04, NPFC/UST/CN/2021/01-05, NPFC/UST/CN/2021/01-06, NPFC/UST/CN/2021/01-07, NPFC/UST/CN/2021/01-08, NPFC/UST/CN/2021/01-09, and NPFC/UST/CN/2021/01-10. In accordance with the Note Issuance Agreement and these Notes, the Debtor has pledged to the Secured Party as Collateral all its rights to the principal corpus of the United States Treasury Bonds registered under CUSIP 912810QZ4. The specifics of this Collateral Pledge and Security Agreement are outlined in the agreement between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
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