Safe Keeping Receipt 2
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(ON BANK LETTERHEAD)
SAFE-KEEPING RECEIPT No:

DATE:
TO:

WE ,_____________(BANK)_________, _________(ADDRESS)__________,DO HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY. THAT WE HOLD ____ (DESCRIPTION OF ASSET)__________ OR EQUIVALENT IDENTIFIED BELOW ON BEHALF OF ____________(NAME OF THE OWNER),__________SUBJECT TO HIS FUTURE DIRECTION:

Description of Asset:

WE CONFIRM THE AGGREGATE FACE VALUE OF THE ABOVE __________(ASSET)_______ OR EQUIVALENT IN OUR CUSTODY IS US DOLLARS ___________________(AMOUNT _____________, WE FURTHER CONFIRM THAT WE HAVE NO RECORD ON OUR BOOKS OF ANY PLEDGES, ENCUMBRANCES OR LIENS AGAINST THE ABOVE DESCRIBED ___________(ASSET)_________.

THE CLIENT HAS INSTRUCTED US THAT THIS SAFE-KEEPING RECEIPT IS ASSIGNABLE AND TRANSFERABLE.

THIS IS A FULLY CALLABLE OPERATIVE INSTRUMENT SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (LAST REVISION). INTERNATIONAL CHAMBER OD COMMERCE PUBLICATION NO. 500, ALL CHARGES ACCRUED TO THE ACCOUNT OF THE APPLICANT.


__________________________     ___________________________
SIGNATURES, NAMES AND TITLES       SIGNATURES, NAMES AND TITLES
OF BANK OFFICER NO.1               OF BANK OFFICER NO.2

BANK SEAL

RECEIPT OF SAFE-KEEPING RECEIPT NUMBER__________ ACKNOWLEDGED BY THE (NAME OF THE OWNER), THIS ________DAY OF ____________, 1996.


____________________________
NAME AND TITLE