Trust Receipt Form

Trust Receipt Form No : ________________ Date Issued : ________________ Place Issued : ________________

TRUST RECEIPT AGREEMENT Received in trust from _____________________________(ENTRUSTER) the following 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 in trust for the ENTRUSTER the above goods, to dispose of or sell them for cash and receive the proceeds thereof in trust for the ENTRUSTER, to turn over and remit the proceeds of the sale of the goods to the ENTRUSTER on or before the above due date, at the net amount indicated above, or to return the goods to the ENTRUSTER in the event of non-sale on or before _____________ or upon demand of the ENTRUSTER. The ENTRUSTER may cancel this trust receipt agreement and take possession of the above goods or of the proceeds realized therefrom at any time upon default or failure of the undersigned ENTRUSTEE to comply with any of the terms and conditions of this trust receipt agreement. It is however, understood that should there be goods remaining unsold on __________, the ENTRUSTER may, at his/her option, extend in writing the operation of this trust receipt agreement to another date under the same terms and conditions. Any court action arising from this agreement, the same shall be brought in the proper court of Bukidnon to the exclusions of all other courts.

 ________________________________ (ENTRUSTEE’s printed name and signature)  _________________________________ Address