Encumbrance Timber Creek Casualty Insurance Risk Retention Group LA USA over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 07 Feb 2022 Ref. U220160908828
Lender / Secured party/ies:
Timber Creek Casualty Insurance Risk Retention Group (LA, USA)Debtor / Grantor/s:
NEWPOINT FINANCIAL CORP. (DE, USA)Secured amount (USD$):
refer to the collateral for this information.Collateral:
Secured Party and Debtor entered into a Note Issuance Agreement in which Debtor has issued 1 Individual Note in the amount of USD $5 million represented by CUSIP# 65172Q AA5 / ISIN # US65172QAA58. Note is identified as NPFC/UST/CN/2021/01-26. Pursuant to the Note Issuance Agreement and Notes, Debtor has pledged to Secured Party as Collateral all of its rights to the principal corpus of the United States Treasury Bonds registered under CUSIP 912810QZ4. The terms of this Collateral Pledge and Security Agreement are reflected in the agreement between Secured Party and Debtor.
Analysis (Mark Smith's comments):
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