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<page> the Shares Represented by This Certificate Are Restricted as to Transfer as Stated on the Reverse Side Hereof Incorporated Under the Laws of the State of Delaware Number Shares America First Real Estate Investment Company, Inc. Shares Are With $.001 Par Value This Certifies That Is the Registered Holder of Shares Fully Paid and Non-Assessable of Common Stock of America First Real Estate Investment Company, Inc. Transferable Only on the Books of the Corporation by the Holder Hereof in Person or by Attorney Upon Surrender of This Certificate Properly Endorsed. in Witness Whereof, the Said Corporation Has Caused This Certificate to Be Signed by Its Duly Authorized Officers and Its Corporate Seal to Be Hereunto Affixed This Day of A.D. ___ - Secretary President <page> for Value Received, Hereby Sell, Assign and Transfer Unto Shares Represented by the Within Certificate, and Do Hereby Irrevocably Constitute and Appoint Attorney to Transfer the Said Shares on the Books of the Within Named Corporation With Full Power of Substitution in the Premises. Dated in Presence of Notice, the Signature of This Assignment Must Correspond With the Name as Written Upon the Face of the Certificate, in Every Particular, Without Alteration or Enlargement or Any Change Whatever
