Encumbrance Timber Creek Casualty Insurance Risk Retention Group LA USA over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 07 Feb 2022 Ref. 202202078060341
Lender / Secured party/ies:
Timber Creek Casualty Insurance Risk Retention Group (LA, 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 established a Note Issuance Agreement under which the Debtor has issued one individual Note valued at USD $5 million, identified by CUSIP# 65172Q AA5 / ISIN # US65172QAA58, and specifically as NPFC/UST/CN/2021/01-26. Following this agreement, the Debtor has pledged to the Secured Party as collateral all of its rights to the principal corpus of the United States Treasury Bonds, which are registered under CUSIP 912810QZ4. The specific terms and conditions governing this arrangement are detailed in the Collateral Pledge and Security Agreement executed between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
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