Encumbrance OSSO ENERGY PLC UK over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 24 Jan 2022 Ref. 202201248039011
Lender / Secured party/ies:
OSSO ENERGY PLC (UK) and OSSO ENERGY PLC (UK)Debtor / Grantor/s:
NEWPOINT FINANCIAL CORP. (DE, USA) and NPFC SPV 1 IncSecured amount (USD$):
refer to the collateral for this information.Collateral:
Refer to the source document for precise wording, scanned with OCR and AI tools. - Collateral Agreement Overview: Secured Party and Debtor have established a Note Issuance Agreement under which the Debtor has issued a single note with a value of USD $5 million, denoted by CUSIP# 65172Q AA5 / ISIN # US65172QAA58, and specifically identified as NPFC/UST/CN/2021/01-24. In accordance with this agreement, the Debtor has irrevocably pledged all rights to the principal amount of the United States Treasury Bonds, registered under CUSIP 912810QZ4, to the Secured Party as collateral. The specific provisions and obligations pertaining to this Collateral Pledge and Security Agreement are detailed within the agreement executed between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
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