Received from the .............. Trust Company/Bank, hereinafter called the Trust Company/Bank, the following goods and merchandise, their property specified in warehouse receipt/bill of lading.

......................... warehouse, dated ....................

......................consignor, consignee......................

goods described as follows:

In consideration thereof we hereby agree to hold said goods and merchandise in trust for said Trust Company/Bank and as its property and subject to its order, and it is understood and agreed that the warehouse receipt/bill of lading and the goods and merchandise represented thereby and any other document of title which may be issued in respect thereof is held by us only as trustees for the benefit of the Trust Company/Bank, without giving us any title to the goods and merchandise they represent, except as trustees for the benefit of said Trust Company/Bank. It is agreed that we are to have power subject to the same conditions, to sell or manufacture, or cause to be manufactured, products from such goods and merchandise, and to sell such manufactured products for the account of and as trustees for said Trust Company/Bank.

We further agree to keep said property or manufactured products thereof insured against fire, payable in case of loss to the said Trust Company/Bank as interest may appear, with the understanding that it is not to be chargeable for any expense incurred thereby, the intention of the arrangement being to protect and preserve the title of the Trust Company/Bank to the goods or proceeds thereof without expense.

Signed ........................

Trust Receipt

Form to be signed and returned to bank by purchaser or party in whose behalf bank has accepted. The purpose of the "trust receipt" in "bank acceptances" is to give to the purchaser, upon his signing the "trust receipt" possession or right to possession of the goods covered by it, governed by limitations as to mode of payment, guaranty, security, etc., to be given by the "purchaser" to the bank. Trust receipts are sometimes accepted as temporary collateral from responsible parties in exchange for shipping documents or warehouse receipts. They are also used in connection with Import and Export Letters of Credit and loans.

Trust Receipt Used in Connection With Acceptance Credits

Received from River National Bank of St. Louis the following goods and merchandise, their property, specified in the Bill of Lading per................R. R., Dated................marked and numbered as follows: and, in consideration thereof, We Herby Agree To Hold Said Goods In Trust for them, and as their property, with liberty to sell the same for their account, and further agree, in case of sale, to hand the proceeds to them to apply against the acceptances of River National Bank of St. Louis on our account, under the terms of the Letter Credit No...........for our account and for the payment of any other indebtedness of ours to River National Bank of St. Louis.

The River National Bank of St. Louis, may at any time cancel this trust and take possession of said goods, or of the proceeds of such of the same as may then have been sold, wherever the said go©ds or proceeds may then be found and in the event of any suspension, or failure, or assignment for the benefit of creditors, on our part, or of the non-fulfillment of any obligation, or of the non-payment at maturity of any acceptance made by us under said credit, or under any other credit issued by River National Bank of St. Louis, on our account or of any indebtedness on our part to them, all obligations, acceptances, indebtedness and liabilities whatsoever shall thereupon (with or without notice) mature and become due and payable. The said goods while in our hands shall be fully insured against loss by fire.

Dated, New York City....................19___

(Signed) ...........................................

$....................

Trust Receipt

This form of trust receipt is used for the same purposes as that in No. 19. The only difference between the two is in the wording.