Encumbrance Spectrum Risk Management and Reinsurance DMCC UAE over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 03 May 2022 Ref. U220189632229-10
Lender / Secured party/ies:
Spectrum Risk Management and Reinsurance DMCC (UAE) 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. - Collateral and Note Issuance Details: Secured Party and Debtor have entered into a Note Issuance Agreement where the Debtor has issued a single note valued at USD $5 million, identified by CUSIP# 65172Q AA5 / ISIN # US65172QAA58, and internally labeled as NPFC/UST/CN/2021/01-39. In line with this agreement, the Debtor has irrevocably pledged all rights to the principal corpus of the United States Treasury Bonds, which are registered under CUSIP 912810QZ4, to the Secured Party as collateral. The specific terms and conditions of this pledge are comprehensively outlined in the Collateral Pledge and Security Agreement executed between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
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