Notice of Delinquency and Sale. Form of

f the whole or any part of the subscription on unpaid capital stock with interest accrued is unpaid on the date of delinquency, such unpaid stock COL021307 CH. 3 CORPORATE S TOCK becomes subject to sale, and the secretary or clerk, unless otherwise ordered by the board of directors, must give notice of delinquency and sale substantially in the following form. (Here insert name of the corporation in full and location of principal office.) NOTICE The following described stock is delinquent for nonpayment of the unpaid subscription thereon, with interest accrued, due and payable on the ____

(date)____, in the amounts set opposite the names of the respective shareholders, as follows: _______ (insert names, number of each certificate unpaid, number of shares, amount due on unpaid subscription, date from which interest is accrued) ___________________, Now, therefore, in accordance with law, so many shares of said stock belonging to the several owners as may be necessary will be sold at _____ (principal office of the corporation) _____ on the _____(date)_____ at _____

(hour)_____________. of said day, to pay the amount of the unpaid subscription thereon, together with interest, cost of advertising, and expenses of sale. ______________________ secretary or clerk ______________________ location of office