COR DEVELOPMENT LLC
SB-2/A, EX-4, 2000-09-08
LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES)
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                                    EXHIBIT 4

                    SPECIMEN UNIT CERTIFICATES OF REGISTRANT

<PAGE>

                         CERTIFICATE FOR COMMON UNITS IN
                              COR DEVELOPMENT, LLC

No. __________                                                   __________Units

   _________________  as a manager of COR  Development,  LLC,  a Kansas  limited
liability     company     (the     "Company"),     hereby     certifies     that
________________________  is the registered owner of __________  Common Units of
ownership interest in the Company (the "Common Units").  The right,  preferences
and limitations of the Common Units are set forth in the Operating  Agreement of
the Company as the same may,  from time to time,  be amended and  restated  (the
"Operating Agreement"),  under which the Company was organized,  copies of which
are on file at the principal office of the Company maintained in accordance with
the Operating Agreement.

   This Certificate is freely transferable.

                                     COR DEVELOPMENT, LLC



                                     By:  _______________________________
                                     Name:  _____________________________
                                     Title:   Manager

Dated:  ______________________

ATTEST:

By: _______________________________
Name:  ____________________________
Title:   Manager

<PAGE>

                            (REVERSE OF CERTIFICATE)
                          ASSIGNMENT OF COMMON UNITS IN
                              COR DEVELOPMENT, LLC

   FOR VALUE RECEIVED, the undersigned (the "Assignor") hereby assigns, conveys,
sells and transfers unto


                                              ----------------------------------

                                              ----------------------------------

----------------------------------            ----------------------------------
(Please insert Social Security or             (Please print or typewrite
other identifying number of Assignee)         Name and address)

all  rights  and  interest  of  the  Assignor  in  _____________   Common  Units
represented by the within Certificate and irrevocably constitutes and appoints a
Manager of COR  Development,  LLC (the "Company") as its  attorney-in-fact  with
full power of  substitution in the premises to transfer the same on the books of
the Company.

Dated: _________________________               By: _____________________________
                                                      Signature


   Signature Guaranteed: ________________________________

   Note: The signature to any  endorsement  hereon must correspond with the name
as  written  upon the face of this  Certificate  in  every  particular,  without
alteration or enlargement or any change whatever. If the endorsement is executed
by an  attorney,  executor,  administrator,  trustee  or  guardian,  the  person
executing the endorsement must give his full title in such capacity,  and proper
evidence of authority to act in such  capacity,  if not on file with the Company
or its transfer agent, must be forwarded with this  Certificate.  This signature
must be guaranteed by an authorized  employee of a bank, trust company or member
of a national securities exchange.

<PAGE>

                       CERTIFICATE FOR PREFERRED UNITS IN
                              COR DEVELOPMENT, LLC

No. __________                                                   __________Units

   _________________  as a manager of COR  Development,  LLC,  a Kansas  limited
liability     company     (the     "Company"),     hereby     certifies     that
________________________  is the registered owner of __________  Preferred Units
of  ownership  interest  in the  Company  (the  "Preferred  Units").  The right,
preferences  and  limitations  of the  Preferred  Units  are  set  forth  in the
Operating  Agreement  of the  Company  as the same may,  from  time to time,  be
amended and restated (the  "Operating  Agreement"),  under which the Company was
organized,  copies of which are on file at the  principal  office of the Company
maintained in accordance with the Operating Agreement.

   This Certificate is freely transferable.

                                     COR DEVELOPMENT, LLC



                                     By:  _______________________________
                                     Name:  _____________________________
                                     Title:   Manager

Dated:  ______________________

ATTEST:

By: _______________________________
Name:  ____________________________
Title:   Manager

<PAGE>

                            (REVERSE OF CERTIFICATE)
                        ASSIGNMENT OF PREFERRED UNITS IN
                              COR DEVELOPMENT, LLC

   FOR VALUE RECEIVED, the undersigned (the "Assignor") hereby assigns, conveys,
sells and transfers unto


                                              ----------------------------------

                                              ----------------------------------

----------------------------------            ----------------------------------
(Please insert Social Security or             (Please print or typewrite
other identifying number of Assignee)         Name and address)


all rights  and  interest  of the  Assignor  in  _____________  Preferred  Units
represented by the within Certificate and irrevocably constitutes and appoints a
Manager of COR  Development,  LLC (the "Company") as its  attorney-in-fact  with
full power of  substitution in the premises to transfer the same on the books of
the Company.


Dated: _________________________               By: _____________________________
                                                     Signature

   Signature Guaranteed: ________________________________

   Note: The signature to any  endorsement  hereon must correspond with the name
as  written  upon the face of this  Certificate  in  every  particular,  without
alteration or enlargement or any change whatever. If the endorsement is executed
by an  attorney,  executor,  administrator,  trustee  or  guardian,  the  person
executing the endorsement must give his full title in such capacity,  and proper
evidence of authority to act in such  capacity,  if not on file with the Company
or its transfer agent, must be forwarded with this  Certificate.  This signature
must be guaranteed by an authorized  employee of a bank, trust company or member
of a national securities exchange.




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