Common use of Joint and Several Obligations of Pledgors Clause in Contracts

Joint and Several Obligations of Pledgors. (a) Each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them. (b) Each of the Pledgors jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Pledgors with respect to the payment and performance of all of the Pledgor Obligations arising under this Pledge Agreement, the other Credit Documents and the Hedging Agreements, it being the intention of the parties hereto that all the Pledgor Obligations shall be the joint and several obligations of each of the Pledgors without preferences or distinction among them. (c) Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents, to the extent the obligations of a Pledgor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of such Pledgor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code). Each of the parties hereto has caused a counterpart of this Pledge Agreement to be duly executed and delivered as of the date first above written. BORROWER: XXXXXX AMERICAN CORP., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ GUARANTORS: XXXXXX AMERICAN INVESTMENT CORP., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ XXXXXX AMERICAN GROUP, INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ CONSUMER DIRECT CORPORATION, a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ (Signatures Continued) ARROW FACTORY STORES, INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ GAKM RESOURCES CORPORATION, a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ XXXXXX XXXXXXX RESOURCES CORPORATION, a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ XXXXXX PEABODY HOLDING CORP., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ (Signatures Continued) XXXXXX, XXXXXXX & CO., INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ BIDERTEX SERVICES INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ GREAT AMERICAN KNITTING XXXXX, INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ XXXXXX DESIGNER GROUP, INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ Accepted and agreed to as of the date first above written. NATIONSBANK, N.A., as Agent By:______________________________ Name:____________________________ Title:___________________________ Schedule 2(a) to Pledge Agreement dated as of May 18, 1998 in favor of NationsBank, N.A. as Agent PLEDGED STOCK Pledgor: XXXXXX AMERICAN CORP. Number of Percentage Name of Subsidiary Shares Certificate Number Ownership ------------------ ------ ------------------ --------- Subsidiaries Pledgor: Number of Percentage Name of Subsidiary Shares Certificate Number Ownership ------------------ ------ ------------------ --------- Subsidiaries Exhibit 4(a) to Pledge Agreement dated as of May 18, 1998 in favor of NationsBank, N.A. as Agent Irrevocable Stock Power FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to the following equity interests of _____________________, a ____________: No. of Shares Certificate No. ------------- --------------- and irrevocably appoints __________________________________ its agent and attorney-in-fact to transfer all or any part of such capital stock and to take all necessary and appropriate action to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act for him. The effectiveness of a transfer pursuant to this stock power shall be subject to any and all transfer restrictions referenced on the face of the certificates evidencing such interest or in the certificate of incorporation or bylaws of the subject corporation, to the extent they may from time to time exist. ________________________________ By:_____________________________ Name:___________________________ Title:__________________________ Exhibit 1.1B FORM OF SECURITY AGREEMENT THIS SECURITY AGREEMENT (this "Security Agreement") is entered into as of May 18, 1998 among XXXXXX AMERICAN CORP., a Delaware corporation (the "Borrower"), XXXXXX AMERICAN INVESTMENT CORP., a Delaware corporation (the "Parent"), XXXXXX AMERICAN GROUP, INC., a Delaware corporation ("Interco"), and certain other direct and indirect Subsidiaries of the Parent (together with the Parent and Interco, individually a "Guarantor", and collectively the "Guarantors"; together with the Borrower, individually an "Obligor", and collectively the "Obligors") and NATIONSBANK, N.A., in its capacity as agent (in such capacity, the "Agent") for the Lenders from time to time party to the Credit Agreement described below (the "Lenders").

Joint and Several Obligations of Pledgors. (a) Each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them. (b) Each of the Pledgors jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Pledgors with respect to the payment and performance of all of the Pledgor Obligations arising under this Pledge Agreement, the other Credit Documents and the Hedging Agreements, it being the intention of the parties hereto that all the Pledgor Obligations shall be the joint and several obligations of each of the Pledgors without preferences or distinction among them. (c) Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents, to the extent the obligations of a Pledgor Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of such Pledgor each Guarantor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code). Each of the parties hereto has caused a counterpart of this Pledge Agreement to be duly executed and delivered as of the date first above written. BORROWER: XXXXXX AMERICAN CORPEXTENDICARE HEALTH SERVICES, INC., a Delaware corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ GUARANTORS: XXXXXX AMERICAN INVESTMENT CORPEXTENDICARE HOLDINGS, INC., a Delaware Wisconsin corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ XXXXXX AMERICAN GROUPEXTENDICARE HEALTH FACILITY HOLDINGS, INC., a Delaware corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ CONSUMER DIRECT CORPORATIONEXTENDICARE HEALTH FACILITIES, INC., a Delaware Wisconsin corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ (Signatures Continued) ARROW FACTORY STORESCOVENTRY CARE, INC., a Delaware Pennsylvania corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ GAKM RESOURCES CORPORATION188 NORTHERN HEALTH FACILITIES, INC., a Delaware corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ XXXXXX XXXXXXX RESOURCES CORPORATIONEXTENDICARE HOMES, INC., a Delaware corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ XXXXXX PEABODY HOLDING CORPUNITED PROFESSIONAL COMPANIES, INC., a Delaware corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ (Signatures Continued) XXXXXX, XXXXXXX & CO., INC.THE PROGRESSIVE STEP CORPORATION, a Delaware Wisconsin corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ BIDERTEX SERVICES EXTENDICARE OF INDIANA, INC., a Delaware corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ GREAT AMERICAN KNITTING XXXXXUNITED REHABILITATION SERVICES, INC., a Delaware Wisconsin corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ XXXXXX DESIGNER GROUP189 EDGEWOOD NURSING CENTER, INC., a Delaware Pennsylvania corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ Accepted and agreed to as of the date first above written. NATIONSBANKELDER CREST, N.A.INC., as Agent a Pennsylvania corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ Schedule 2(a) to Pledge Agreement dated as of May 18HAVEN CREST, 1998 in favor of NationsBank, N.A. as Agent PLEDGED STOCK Pledgor: XXXXXX AMERICAN CORP. Number of Percentage Name of Subsidiary Shares Certificate Number Ownership ------------------ ------ ------------------ --------- Subsidiaries Pledgor: Number of Percentage Name of Subsidiary Shares Certificate Number Ownership ------------------ ------ ------------------ --------- Subsidiaries Exhibit 4(a) to Pledge Agreement dated as of May 18, 1998 in favor of NationsBank, N.A. as Agent Irrevocable Stock Power FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to the following equity interests of _____________________INC., a ____________Pennsylvania corporation By: No. of Shares Certificate No. ------------- --------------- and irrevocably appoints __________________________________ its agent and attorney-in-fact to transfer all or any part of such capital stock and to take all necessary and appropriate action to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act for him. The effectiveness of a transfer pursuant to this stock power shall be subject to any and all transfer restrictions referenced on the face of the certificates evidencing such interest or in the certificate of incorporation or bylaws of the subject corporation, to the extent they may from time to time exist. Name: ____________________________ Title: ___________________________ MEADOW CREST, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ OAK HILL HOME OF REST AND CARE, INC., a Pennsylvania corporation By:: ______________________________ Name:: ____________________________ Title:: ___________________________ Exhibit 1.1B FORM OF SECURITY AGREEMENT THIS SECURITY AGREEMENT (this "Security Agreement") is entered into as of May 18, 1998 among XXXXXX AMERICAN CORP., a Delaware corporation (the "Borrower"), XXXXXX AMERICAN INVESTMENT CORP., a Delaware corporation (the "Parent"), XXXXXX AMERICAN GROUPEXTENDICARE GREAT TRAIL, INC., a Delaware corporation ("Interco")By: ______________________________ Name: ____________________________ Title: ___________________________ 190 XXX XXXX XXXXXXX XXXVALESCENT CENTER, and certain other direct and indirect Subsidiaries of the Parent (together with the Parent and IntercoINC., individually a "Guarantor"Washington corporation By: ______________________________ Name: ____________________________ Title: ___________________________ UNITED PROFESSIONAL SERVICES, and collectively the "Guarantors"; together with the BorrowerINC., individually a Wisconsin corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBOR HEALTH CARE COMPANY, a Delaware corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ADULT SERVICES UNLIMITED, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ALTERNACARE PLUS ENTERPRISES, INC., an "Obligor"Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBORS EAST, and collectively the "Obligors") and NATIONSBANKINC., N.A.an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 191 ARBORS AT FT. WAYNX, in its capacity as agent (in such capacityXXC., the "Agent") for the Lenders from time to time party to the Credit Agreement described below (the "Lenders")an Indiana corporation By: ______________________________ Name: ____________________________ Title: ___________________________ ARBORS AT TOLEDO, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ BAY GERIATRIC PHARMACY, INC., a Florida corporation By: ______________________________ Name: ____________________________ Title: ___________________________ THE DRUGGIST, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HEALTH POCONOS, INC., a Pennsylvania corporation By: ______________________________ Name: ____________________________ Title: ___________________________ HOME CARE PHARMACY, INC. OF FLORIDA, a Florida corporation By: ______________________________ Name: ____________________________ Title: ___________________________ 192 MARSXXXX XXXPERTIES, INC., an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________ By: ______________________________ Name: ____________________________ Title: ___________________________ POLY-STAT SUPPLY CORPORATION, an Ohio corporation By: ______________________________ Name: ____________________________ Title: ___________________________

Joint and Several Obligations of Pledgors. (a) Each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them. (b) Each of the Pledgors jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Pledgors with respect to the payment and performance of all of the Pledgor Obligations arising under this Pledge Agreement, the other Credit Documents and the Hedging AgreementsAgreements between any Pledgor and any Lender, or any Affiliate of a Lender, it being the intention of the parties hereto that all the Pledgor Obligations shall be the joint and several obligations of each of the Pledgors without preferences or distinction among them. (c) Notwithstanding any provision to the contrary contained herein or herein, in any other of the Credit DocumentsDocuments or in any Hedging Agreement between any Pledgor and any Lender, to the extent or any Affiliate of a Lender, the obligations of a Pledgor each Guarantor under the Credit Agreement and the other Credit Documents shall be adjudicated limited to be invalid an aggregate amount equal to the largest amount that would not render such obligations subject to avoidance under Section 548 of the Bankruptcy Code or unenforceable for any reason (including, without limitation, because comparable provisions of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of such Pledgor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code). Each of the parties hereto has caused a counterpart of this Pledge Agreement to be duly executed and delivered as of the date first above writtenlaw. BORROWER: XXXXXX AMERICAN CORP.MODTECH HOLDINGS, a Delaware corporation INC. By:_________________________________________ Name:_______________________________________ Title:______________________________________ GUARANTORS: XXXXXX AMERICAN INVESTMENT CORP.MODTECH, a Delaware corporation INC. By:_________________________________________ Name:_______________________________________ Title:______________________________________ XXXXXX AMERICAN GROUPSPI HOLDINGS, INC., a Delaware corporation . By:_________________________________________ Name:_______________________________________ Title:______________________________________ CONSUMER DIRECT CORPORATIONSPI MANUFACTURING, a Delaware corporation INC. By:_________________________________________ Name:_______________________________________ Title:______________________________________ (Signatures Continued) ARROW FACTORY STORESOFFICE MASTER OF TEXAS, INC., a Delaware corporation . By:_________________________________________ Name:_______________________________________ Title:______________________________________ GAKM RESOURCES CORPORATIONROSEWOOD ENTERPRISES, a Delaware corporation INC. By:_________________________________________ Name:_______________________________________ Title:______________________________________ XXXXXX XXXXXXX RESOURCES CORPORATION15 171 TRAC MODULAR MANUFACTURING, a Delaware corporation INC. By:_________________________________________ Name:_______________________________________ Title:______________________________________ XXXXXX PEABODY HOLDING CORP.A SPACE, a Delaware corporation INC. By:_________________________________________ Name:_______________________________________ Title:______________________________________ (Signatures Continued) XXXXXXAccepted and agreed to as of the date first above written. NATIONSBANK, XXXXXXX & CO.N.A., INC., a Delaware corporation as Administrative Agent By:_________________________________________ Name:____________________________ Title:___________________________ BIDERTEX SERVICES INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ GREAT AMERICAN KNITTING XXXXX, INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ XXXXXX DESIGNER GROUP, INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ Accepted and agreed to as of the date first above written. NATIONSBANK, N.A., as Agent By:______________________________ Name:____________________________ Title:___________________________ Schedule 2(a) to Pledge Agreement dated as of May 18February 16, 1998 1999 in favor of NationsBank, N.A. as Administrative Agent PLEDGED STOCK PledgorPLEDGOR: XXXXXX AMERICAN CORP. Number of Percentage Modtech Holdings, Inc. Name of Subsidiary Number of Shares Certificate Number Percentage Ownership ------------------ ------ ---------------- ------------------ --------- Subsidiaries Pledgor-------------------- Modtech, Inc. 100% SPI Holdings, Inc. 100% PLEDGOR: Number of Percentage Modtech, Inc. Name of Subsidiary Number of Shares Certificate Number Percentage Ownership ------------------ ------ ---------------- ------------------ --------- Subsidiaries -------------------- A Space, Inc. 100% Trac Modular Manufacturing, Inc. 80% PLEDGOR: SPI Holdings, Inc. Name of Subsidiary Number of Shares Certificate Number Percentage Ownership ------------------ ---------------- ------------------ -------------------- SPI Manufacturing, Inc. 100% PLEDGOR: SPI Manufacturing, Inc. Name of Subsidiary Number of Shares Certificate Number Percentage Ownership ------------------ ---------------- ------------------ -------------------- Office Master of Texas, Inc. 100% Rosewood Enterprises, Inc. 100% 18 174 Exhibit 4(a) to Pledge Agreement dated as of May 18February 16, 1998 1999 in favor of NationsBank, N.A. as Administrative Agent Irrevocable Stock Power FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to the following equity interests shares of capital stock of _____________________, a _____________ corporation: No. of Shares Certificate No. ------------- --------------- and irrevocably appoints __________________________________ its agent and attorney-in-fact to transfer all or any part of such capital stock and to take all necessary and appropriate action to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act for him. The effectiveness of a transfer pursuant to this stock power shall be subject to any and all transfer restrictions referenced on the face of the certificates evidencing such interest or in the certificate of incorporation or bylaws of the subject corporation, to the extent they may from time to time exist. ____________________________________________ By:_________________________________________ Name:_______________________________________ Title:______________________________________ Exhibit 1.1B FORM OF SECURITY AGREEMENT THIS SECURITY AGREEMENT (this "Security Agreement") is entered into as of May 18February 16, 1998 1999 among XXXXXX AMERICAN CORPMODTECH HOLDINGS, INC., a Delaware corporation (the "Borrower"), XXXXXX AMERICAN INVESTMENT CORP., a Delaware corporation (the "Parent"), XXXXXX AMERICAN GROUP, INC., a Delaware corporation ("Interco"), and certain other direct and indirect Subsidiaries of the Parent Borrower (together with the Parent and Interco, individually a "Guarantor", " and collectively the "Guarantors"; together with the Borrower, individually an "Obligor", and collectively the "Obligors") and NATIONSBANK, N.A., in its capacity as administrative agent (in such capacity, the "Administrative Agent") for the Lenders lenders from time to time party to the Credit Agreement described below (the "Lenders").

Joint and Several Obligations of Pledgors. (a) Each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them. (b) Each of the Pledgors jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Pledgors with respect to the payment and performance of all of the Pledgor Obligations arising under this Pledge Agreement, the other Credit Documents and the Hedging AgreementsAgreements between any Credit Party and any Lender, it being the intention of the parties hereto that all the Pledgor Obligations shall be the joint and several obligations of each of the Pledgors without preferences or distinction among them. (c) Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents, to the extent the obligations of a Pledgor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of such Pledgor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code). Each of the parties hereto has caused a counterpart of this Pledge Agreement to be duly executed and delivered as of the date first above written. BORROWERBORROWERS: XXXXXX AMERICAN CORP.PACKAGING DYNAMICS, a Delaware corporation L.L.C., --------- By:_________________________________ Name:_______________________________ Title:______________________________ GUARANTORS: XXXXXX AMERICAN INVESTMENT CORP.INTERNATIONAL CONVERTER, INC. (f/k/a Delaware corporation CB Acquisition, Inc.) By:_________________________________ Name:_______________________________ Title:______________________________ XXXXXX AMERICAN GROUPGUARANTORS: PACKAGING HOLDINGS, INC., a Delaware corporation L.L.C. ---------- By:_________________________________ Name:_______________________________ Title:______________________________ CONSUMER DIRECT CORPORATIONBAGCRAFT PACKAGING, L.L.C. (f/k/a Delaware corporation Bagcraft Acquisition, L.L.C.) By:_________________________________ Name:_______________________________ Title:______________________________ (Signatures Continued) ARROW FACTORY STORESIPMC ACQUISITION, INC., a Delaware corporation L.L.C. By:_________________________________ Name:____________________________ Title:___________________________ GAKM RESOURCES CORPORATION, a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ XXXXXX XXXXXXX RESOURCES CORPORATION, a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ XXXXXX PEABODY HOLDING CORP., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ (Signatures Continued) XXXXXX, XXXXXXX & CO., INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ BIDERTEX SERVICES INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ GREAT AMERICAN KNITTING XXXXX, INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ XXXXXX DESIGNER GROUP, INC., a Delaware corporation By:______________________________ Name:____________________________ Title:___________________________ Accepted and agreed to as of the date first above written. NATIONSBANKBANK OF AMERICA, N.A., a national banking association, formerly known as NationsBank, N.A., as Agent By:______________________________ Name:____________________________ Title:___________________________ Schedule 2(a) ------------- to Pledge Agreement dated as of May 18July ___, 1998 1999 in favor of NationsBankBank of America, N.A. as Agent PLEDGED CAPITAL STOCK --------------------- Pledgor: XXXXXX AMERICAN CORP. PACKAGING DYNAMICS, L.L.C. Name of Number of Certificate [_] Percentage Name of Percentage Subsidiary [_] Shares Certificate Number Ownership ------------------ [_] Pledged ---------- ------ ------------------ ------ --------- Subsidiaries Pledgor: Number of Percentage Name of Subsidiary Shares Certificate Number Ownership ------------------ ------ ------------------ --------- Subsidiaries ------- International Converter, Inc. 100% 100% Exhibit 4(a) ------------ to Pledge Agreement dated as of May 18, 1998 in favor of NationsBank, N.A. as Agent Irrevocable Stock Power FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to the following equity interests of __________________July ___, a ____________: No. 1999 in favor of Shares Certificate No. ------------- --------------- and irrevocably appoints __________________________________ its agent and attorney-in-fact to transfer all or any part Bank of such capital stock and to take all necessary and appropriate action to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act for him. The effectiveness of a transfer pursuant to this stock power shall be subject to any and all transfer restrictions referenced on the face of the certificates evidencing such interest or in the certificate of incorporation or bylaws of the subject corporation, to the extent they may from time to time exist. ________________________________ By:_____________________________ Name:___________________________ Title:__________________________ Exhibit 1.1B FORM OF SECURITY AGREEMENT THIS SECURITY AGREEMENT (this "Security Agreement") is entered into as of May 18, 1998 among XXXXXX AMERICAN CORP., a Delaware corporation (the "Borrower"), XXXXXX AMERICAN INVESTMENT CORP., a Delaware corporation (the "Parent"), XXXXXX AMERICAN GROUP, INC., a Delaware corporation ("Interco"), and certain other direct and indirect Subsidiaries of the Parent (together with the Parent and Interco, individually a "Guarantor", and collectively the "Guarantors"; together with the Borrower, individually an "Obligor", and collectively the "Obligors") and NATIONSBANKAmerica, N.A., in its capacity as agent (in such capacity, the "Agent") for the Lenders from time to time party to the Credit Agreement described below (the "Lenders").