Egrain, Inc.

the egrain system is a secure, web-based system providing electronic warehouse receipts, electronic contracts and elicensing for the grain industry. warehouse receipts - a paper warehouse receipt system is cumbersome, costly, inefficient and require physical transfer between grain warehouses, grain owners and lien holders electronic warehouse receipts (ewr) are electronically transferred and authorized by federal law and represent title documents which make them legally equivalent in every way to paper warehouse receipts. business and regulatory rules that apply to the use of paper receipts, also apply to electronic warehouse receipts. electronic warehouse receipts are widely accepted by banks and lending institutions as well as federal and state regulatory agencies. electronic warehouse receipts are currently utilized for many purposes, including: • as collateral for loans from banks and other lending institutions • for intra-company transactions when relocating grain between warehous