public static X509Certificate SelectLocalCertificate(
    object sender,
    string targetHost, 
    X509CertificateCollection localCertificates, 
    X509Certificate remoteCertificate, 
    string[] acceptableIssuers)
{	
    Console.WriteLine("Client is selecting a local certificate.");
    if (acceptableIssuers != null && 
        acceptableIssuers.Length > 0 &&
        localCertificates != null &&
        localCertificates.Count > 0)
    {
        // Use the first certificate that is from an acceptable issuer.
        foreach (X509Certificate certificate in localCertificates)
        {
            string issuer = certificate.Issuer;
            if (Array.IndexOf(acceptableIssuers, issuer) != -1)
                return certificate;
        }
    }
    if (localCertificates != null &&
        localCertificates.Count > 0)
        return localCertificates[0];
        
    return null;
}

// Server name must match the host name and the name on the host's certificate. 
serverName = args[0];
// Create a TCP/IP client socket.
TcpClient client = new TcpClient(serverName,80);
Console.WriteLine("Client connected.");
// Create an SSL stream that will close the client's stream.
SslStream sslStream = new SslStream(
    client.GetStream(), 
    false, 
    new RemoteCertificateValidationCallback (ValidateServerCertificate), 
    new LocalCertificateSelectionCallback(SelectLocalCertificate)
    );