CORPORATION NAME

NOTICE OF DELINQUENCY AND SALE

Date ________________________

The following described stock is delinquent for non-payment of the

unpaid subscription thereon, with interest accrued, due and payable on
___________, the ______ of _________, 20___, in the amounts set opposite
the names of the respective subscribers, as follows:

NAME NO. OF SHARES AMOUNT DUE ON UNPAID ACCRUED INTEREST

SUBSCRIBED SUBSCRIPTION

_____________ _____________ _________________ _____________

_____________ _____________ _________________ _____________

_____________ _____________ _________________ _____________

_____________ _____________ _________________ _____________

_____________ _____________ _________________ _____________

_____________ _____________ _________________ _____________

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 public
auction at the principal office of the corporation ________________________
__________________, in the City of _________________, PHILIPPINES, on
__________________, at the hour of __________________, ______________,
the ___ of __________, 20___, to pay the amount of the unpaid subscription
thereon, together with accrued interest, cost of advertising, and expenses of sale.

______________________
Secretary