8/10/2019 Trust Receipt Form

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Trust Receipt Form No : ________________Date Issued : ________________Place Issued : ________________

TRUST RECEIPT AGREEMENT

Received in trust from _____________________________(ENTRUSTER) thefollowing goods per order of the undersigned ENTRUSTEE:

Quantity Description Unit Price Amount

Total: Php ________________

DUE DATE:_______________

Undersigned ENTRUSTEE hereby agrees, undertakes and commits to hold intrust for the ENTRUSTER the above goods, to dispose of or sell them for cash andreceive the proceeds thereof in trust for the ENTRUSTER, to turn over and remit theproceeds of the sale of the goods to the ENTRUSTER on or before the above duedate, at the net amount indicated above, or to return the goods to the ENTRUSTER inthe event of non-sale on or before _____________ or upon demand of theENTRUSTER.

The ENTRUSTER may cancel this trust receipt agreement and take possessionof the above goods or of the proceeds realized therefrom at any time upon default orfailure of the undersigned ENTRUSTEE to comply with any of the terms and conditionsof this trust receipt agreement. It is however, understood that should there be goodsremaining unsold on __________, the ENTRUSTER may, at his/her option, extend inwriting the operation of this trust receipt agreement to another date under the sameterms and conditions.

Any court action arising from this agreement, the same shall be brought in theproper court of Bukidnon to the exclusions of all other courts.

________________________________(ENTRUSTEEsprinted name and signature)

_________________________________Address