Encumbrance Novea WY USA over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 03 May 2022 Ref. U220189632229-23
Lender / Secured party/ies:
Novea (WY, USA) 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. - Summary of the Agreement: The Secured Party and Debtor have executed a Note Issuance Agreement under which the Debtor has issued ten individual Notes, each valued at USD $5 million, represented by CUSIP# 65172Q AA5 / ISIN # US65172QAA58. These Notes are specifically identified as NPFC/UST/CN/2021/02-01 through NPFC/UST/CN/2021/02-10. In accordance with this agreement, the Debtor has irrevocably pledged to the Secured Party all of its rights to the principal corpus of the United States Treasury Bonds, registered under CUSIP 912810QZ4. The detailed terms and provisions of this arrangement are encapsulated within the Collateral Pledge and Security Agreement that has been formally agreed upon and documented between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
Security document (read it): Click Here to View document