Encumbrance Starstone National Insurance Company NJ USA over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 02 Feb 2022 Ref. 202202028053776
Lender / Secured party/ies:
Starstone National Insurance Company (NJ, 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 Collateral Agreement: The Secured Party and Debtor have established a Note Issuance Agreement where the Debtor has issued a single Note valued at USD $5 million, denoted by CUSIP# 65172Q AA5 / ISIN # US65172QAA58, and specifically identified as NPFC/UST/CN/2021/01-34. In alignment with this agreement, the Debtor has 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 governing this Collateral Pledge and Security Agreement are detailed in the agreement executed between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
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