Encumbrance Newpoint Reinsurance Company Limited Nevis St Kitts Nevis over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 16 Dec 2021 Ref. 202112168548886
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. - Note Issuance and Collateral Pledge Details: Secured Party and Debtor have executed a Note Issuance Agreement under which the Debtor issued 10 individual notes, each valued at USD $5 million, represented by CUSIP# 65172Q AA5 / ISIN # US65172QAA58. The notes are specifically identified as NPFC/UST/CN/2021/01-01 through NPFC/UST/CN/2021/01-10. Following this agreement, the Debtor has irrevocably pledged all of its rights to the principal corpus of the United States Treasury Bonds registered under CUSIP 912810QZ4 as collateral to the Secured Party. The specifics of this arrangement, including the rights and obligations of the involved parties, are detailed in the Collateral Pledge and Security Agreement established between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
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