Encumbrance Specialty Management UK Limited UK over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 03 May 2022 Ref. U220189632229-1
Lender / Secured party/ies:
Specialty Management UK Limited (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. - Note Issuance and Collateral Pledge Details: Secured Party and Debtor entered into a Note Issuance Agreement in which the Debtor has issued 2 individual Notes, each in the amount of USD $5 million, represented by CUSIP# 65172Q AA5 / ISIN# US65172QAA58. These notes are identified as NPFC/UST/CN/2021/01-37 and NPFC/UST/CN/2021/01-38. Pursuant to the Note Issuance Agreement and the notes issued therein, the Debtor has pledged to the Secured Party as collateral all of its rights to the principal corpus of the United States Treasury Bonds registered under CUSIP 91281OQZ4. The terms of this Collateral Pledge and Security Agreement are detailed in the agreement between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
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