Document:

<PAGE>

                                                                   EXHIBIT 10.11

PACCAR
FINANCIAL                         SECURITY AGREEMENT RETAIL INSTALLMENT CONTRACT
--------------------------------------------------------------------------------

            SELLER                                                         BUYER
--------------------------------------------------------------------------------

MICHIGAN KENWORTH, INC                          NAME       RUGGED LINER, INC.

PLACE OF   7393 Expressway Court SW             STREET     951 Aiken Road
BUSINESS   Grand Rapids, MI 49548-7967          ADDRESS    Owosso, MI 48867
MAILING    7393 Expressway Court SW             MAILING    951 Aiken Road
ADDRESS    Grand Rapids, MI 49548-7967          ADDRESS    Owosso, MI 48867-

Seller hereby sells, and Buyer (meaning all undersigned buyers, jointly and
severally) hereby purchases, subject to the terms set forth below and on any
attachments hereto, the following described vehicle (the "Vehicle"), delivery
and acceptance of which in good order Buyer hereby acknowledges.

Buyer hereby grants a security interest in the Vehicle and any additional
collateral (collectively the "Collateral"), and any Additions and Accessions
thereto (as defined below), to Seller and its assigns to secure prompt payment
of the indebtedness herein and performance of Buyer's other obligations,
including any additional indebtedness incurred as provided by this Contract and
any extensions and renewals of the obligations and future advances and is
subject to paragraph 16 "Cross Collateral" and the other provisions below. The
security interest extends to the proceeds of the Collateral and the proceeds of
any insurance policy.

Buyer also acknowledges that Seller has offered to sell the Vehicle for the cash
price indicated, but that the Buyer has chosen to purchase on the terms and
conditions of this Contract.

<TABLE>
<CAPTION>
                      DESCRIPTION OF VEHICLE - COLLATERAL (FOR SECURITY PURPOSES: only)
                      ------------------------------------------------------------------
YEAR      MAKE       MODEL             VEHICLE IDENTIFICATION NUMBER                NEW/USED               PRICE OF VEHICLE
----------------------------------------------------------------------------------------------------------------------------
                       DETAIL SHOWN ON SECURITY AGREEMENT SCHEDULE E: EQUIPMENT LISTING

                                                                                                          Total: $485,768.95

                                  DESCRIPTION OF TRADE-IN EQUIPMENT
YEAR      MAKE       MODEL          VEHICLE IDENTIFICATION NUMBER              ALLOWANCE          PAYOFF       PAYOFF DUE TO
----------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>                                   <C>                <C>

         DETAIL SHOWN ON SECURITY AGREEMENT SCHEDULE E: EQUIPMENT LISTING             0.00               0.00

                                         ITEMIZATION OF AMOUNT FINANCED
TOTAL CASH PRICE:                                            Cash Price        $485,768.95
                                                              Sales Tax              $0.00
                                                              Title Fee              $0.00
1.                                                     TOTAL CASH PRICE                           $485,768.95
DOWN PAYMENT:                                              Net Trade-in              $0.00
                                                                   Cash         $97,153.79
2.                                                   TOTAL DOWN PAYMENT                            $97,153.79
3. UNPAID CASH PRICE (1-2)                                                                        $388,615.16
4. TOTAL AMOUNT OF INSURANCE PREMIUMS (4A+4B)                                                           $0.00
FEES: (Itemize)                                     5A. Official Fee(s)              $0.00
                                           5B. Document Preparation Fee            $295.00
</TABLE>

                                       1

<PAGE>

<TABLE>
<S>                                                 <C>                                          <C>
5.                                                  TOTAL FEES (5A+5B)                               $295.00
6. PRINCIPAL BALANCE (Basic Time Price) (3+4+5)                                                  $388,910.16
7. Finance Charge - (Time Price Differential-(Section 17))                                        $84,174.84
8. CONTRACT BALANCE (TIME BALANCE) (6+7)                                                         $473,085.00
9. TOTAL TIME SALE PRICE (1+4+5+7)                                                               $570,238.79
</TABLE>

Page 1 of 4 of Security Agreement dated on or about November 11, 2002 between
Rugged Liner, Inc. (Buyer) and MICHIGAN KENWORTH, INC. (Seller) which includes,
without limitation, an item of Collateral with the following Vehicle
Identification Number 1XKAD69X33J390008

                                       2

<PAGE>

PACCAR
FINANCIAL                                                     SECURITY AGREEMENT
                                                     RETAIL INSTALLMENT CONTRACT
--------------------------------------------------------------------------------

                                PAYMENT SCHEDULE
THE CONTRACT BALANCE (ITEM 8) IS PAYABLE TO THE Seller OR HIS ASSIGNEE BASED ON
THE FOLLOWING SCHEDULE

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
First Installment              No. of Installments      Amount Each   First Installment No. of Installments Amount Each
-----------------------------------------------------------------------------------------------------------------------
<S>                            <C>                      <C>           <C>
1. December 11, 2002                   60                 $7,884.75
-----------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    INSURANCE

4A. PHYSICAL DAMAGE INSURANCE is required. Buyer may provide such insurance
through any insurance company authorized to do business in this state, although
Seller, as to dual interest insurance, may reject any insurer for reasonable
cause.

PHYSICAL DAMAGE INSURANCE IS NOT FINANCED IN THIS CONTRACT.

4B. CREDIT LIFE. CREDIT ACCIDENT AND HEALTH are not required by Seller, are not
a factor in approval of credit, and are not included.

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
I DESIRE:                                             INSURANCE COMPANY                        TERM          . PREMIUM
-----------------------------------------------------------------------------------------------------------------------
<S>                                                   <C>                                      <C>             <C>
N/A CREDIT LIFE INSURANCE                             N/A                                       N/A              $0.00
N/A CREDIT ACCIDENT & HEALTH INSURANCE                N/A                                       N/A              $0.00
-----------------------------------------------------------------------------------------------------------------------
</TABLE>

Buyer acknowledges disclosure of insurance charges above and requests and
authorizes Seller to obtain insurance coverage checked and include the cost in
item 4.

                             AGGREGATE AMOUNT OF INSURANCE PREMIUM (4A+4B) $0.00

                          BUYER REPRESENTS AND WARRANTS

The Collateral is to be used for business and commercial purposes, and not for
agricultural purposes or for personal, family or household use.
The Collateral will be titled in the state of MI.
Buyer's chief place of business is located at STREET          951 Aiken Road
                                              CITY            Owosso
                                              COUNTY          Shiawassee
                                              STATE           MI
                                              ZIP CODE        48867
Buyer will immediately notify Seller in writing of any change in the above
address or location. This contract is entered into in the State of Michigan and
is governed by its laws.

                               DELINQUENCY CHARGE

For each installment not paid when due, Buyer agrees to pay Seller a delinquency
charge calculated thereon at the rate of 1 1/2% per month for the period of
delinquency or, at Seller's option, 5% of such installment, provided that such a
delinquency charge is not prohibited by law, otherwise at the highest rate Buyer
can legally obligate itself to pay and/or Seller can legally collect.

Page 2 of 4 of Security Agreement dated on or about November 11, 2002 between
Rugged Liner, Inc. (Buyer) and MICHIGAN KENWORTH, INC (Seller) which includes,
without limitation, an item of Collateral with the following Vehicle
Identification Number: 1XKAD69X33J390008

                                       3

<PAGE>

PACCAR
FINANCIAL                                                     SECURITY AGREEMENT
                                                     RETAIL INSTALLMENT CONTRACT
--------------------------------------------------------------------------------

1. CERTIFICATE OF TITLE - LIENS.
Buyer agrees that any Certificate of Title on the Collateral will show Seller's
security interest (lien) and will be delivered promptly to Seller. Seller has
the right to hold the Certificate of Title until Buyer pays all indebtedness
and performs all other obligations under this Contract. Buyer promises not to
give any other party a lien or security interest in the Collateral without
Sellers written Consent. Buyer promises not to part with possession of, sell or
lease the Collateral without Sellers written approval. Buyer hereby
 (a) agrees that from time to time, at the expense of the Buyer, Buyer will
promptly execute and deliver all further instruments and documents, and take
all further action that may be necessary or desirable, or that Seller may
request, in order to perfect or protect any security interest granted or
purported to be granted hereby or to enable Seller to exercise and enforce its
rights and remedies hereunder with respect to any Collateral, and
(b) grants to Seller the power to sign Buyers name and on behalf of Buyer to
execute and file applications for title, transfers of title, financing
statements, notices of lien and other documents pertaining to any or all of the
Collateral.
2. ASSIGNMENT.
Seller has the right to assign this Contract to PACCAR Financial Corp. If
Seller does assign it, PACCAR Financial Corp. will take all of the Sellers
right, title and interest under this Contract (including Sellers interest in
the Collateral). Thereafter, the term "Seller" in this contract shall mean
PACCAR Financial Corp. This means, among other things, that Buyer will be
required to make the payments under this Contract directly to PACCAR Financial
Corp. Buyer agrees that if Seller assigns this Contract, and PACCAR Financial
Corp. sues Buyer to collect any amount Buyer owes to PACCAR Financial Corp. or
to enforce any of Buyers other obligations to PACCAR Financial Corp., Buyer
will not assert any claim or defense Buyer has against Seller as a claim,
defense, or setoff against PACCAR Financial Corp.
3. INSURANCE
Buyer agrees to keep the collateral continuously insured against fire, theft,
collision, and any other hazard Seller specifies by an insurance company Seller
has approved. The amount of insurance shall be the full insurable value of the
Collateral or the full amount of all obligations this Contract secures,
whichever is greater. The insurance policy shall provide, in a form acceptable
to Seller, for payment of any loss to Seller. Buyer shall deliver promptly to
Seller certificates or, if requested, policies of insurance satisfactory to
Seller, each with a loss-payable endorsement naming Seller or its assigns as
loss-payee as their interests may appear. The insurance policy shall provide
that it can be canceled only after written notice of intention to cancel has
been delivered to Seller at least ten (10) days before the cancellation date.
If the Collateral is lost or damaged, Seller shall have full power to collect
any or all insurance proceeds and to apply them as Seller chooses either to
satisfy any obligation secured by this Contract (whether or rot due or
otherwise matured), or to repair the Collateral. If Buyer obtains insurance
from a company Seller has not approved, or fails to obtain any insurance,
Seller may (but does not have to) obtain any insurance Seller desires to
protect its interests. If Seller does so, Buyer shall reimburse Seller upon
demand for its expenses. Seller shall have no liability at all for any losses
which occur because no insurance has been obtained or the coverage of the
insurance which has been obtained is incomplete.
4. TAXES.
Buyer agrees to pay before delinquency all sales and other taxes, license fees
and other governmental charges imposed on the Collateral or its sale or use.
5. USE OF COLLATERAL
Buyer agrees to keep the Collateral in good repair, to prevent any waste, loss,
damage, or destruction of or to the Collateral; to prevent any unlawful use of
the Collateral; and not to make or allow to be made any significant change in
the Collateral or in its chassis, body or special equipment, without Sellers
written consent. Buyer assumes all risk of damage, loss or destruction of or to
the Collateral, whether or not insured against. Seller may examine the
collateral wherever located at any time, and Buyer will inform Seller of the
Collateral's location upon Sellers request
6. EXPENSES PAID BY SELLER
Buyer agrees to reimburse Seller upon demand for any expenses paid by Seller
such as taxes, insurance premiums, repair bills, title fees, or any expenses
incurred under Section 11. Buyers obligation to pay the expenses shall be
secured by this Contract.
7. TRADE-INS.
If Buyer has traded in any property, Buyer represents and warrants that the
description of it on the front of this Contract is accurate, the title conveyed
is good and its transfer rightful, and that the property is delivered free from
any security interest or other lien or encumbrance.
8. NO WARRANTY.
If the Vehicle is new, there is no warranty other than that of the manufacturer.
If the Vehicle is used, it is sold "AS IS" and "WITH ALL FAULTS".
SELLER MAKES NO WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
UNLESS SET OUT IN WRITING AND SIGNED BY THE SELLER THERE ARE NO OTHER WARRANTIES
EXPRESS OR IMPLIED.
9. ADDITIONS TO COLLATERAL.
Anything added to the Collateral, including but not limited to engines,
transmissions, tires, wheels, fifth wheels, radios and electrical equipment,
tanks and any other body or structure that becomes part of the Collateral, shall
constitute "Additions & Accessions" and shall be subject to Sellers security
interest. All Additions & Accessions must stay with the Collateral if it is
repossessed or returned to Seller.
10. DEFAULT.
Time is of the essence in this Contract. The due dates for payments and the
performance of the other obligations under this contract are among its most
crucial provisions. Buyer shall be in default under this Contract upon the
occurrence of any of the following:
(a) Buyer fails to pay on or before the due date the full amount of any
scheduled payment, taxes, insurance premium, or other obligation secured by this
Contract or under any other instrument or agreement;
(b) Buyer fails to perform any of Buyers obligations under this Contract
(c) Any representation Buyer has made in this Contract or in any credit
application or financial statement Buyer has given in connection with the credit
secured by the Contract turns out to be false;
(d) Any check, note or other instrument given for a payment is dishonored when
presented for payment;
(e) The Collateral is seized or levied upon under any legal or governmental
process or proceeding against Buyer or the Collateral;
(f) Buyer becomes insolvent or subject to insolvency proceedings as defined in
the Uniform Commercial Code or becomes subject to bankruptcy;
(g) Buyer defaults in the payment or performance of any other agreement in
connection with any other obligation owed to PACCAR Financial Corp. or for
borrowed money; or
(h) Seller reasonably deems the Collateral in danger of misuse, confiscation,
damage, a destruction.
11. REMEDIES.
If Buyer defaults under this Contract, Seller may, at its option, with or
without notice to Buyer.
(a) Declare this Contract to be in default;
(b) Declare the entire amount of the unpaid Time Balance, after deducting
unearned Time Price Differential in accordance with the applicable state law,
and other charges and indebtedness secured by this Contract immediately due and
payable, without protest, presentment demand or notice (including but riot
limited to notice of intent to accelerate and notice of acceleration), all of
which Buyer waives: and
(c) Exercise all of the rights and remedies of a secured party under the Uniform
Commercial Code and any other applicable laws.
In addition to the foregoing and any other rights Seller has under the law in
effect at the time of default, the following provisions shall apply:
(a) On Sellers demand, Buyer shall deliver possession of the Collateral to
Seller at a place Seller designates reasonably convenient to both parties.
(b) Seller may enter any premises, where the Collateral may be found and take
possession of it without notice, demand, or legal proceedings, provided such
entry is in compliance with law.
(c) Seller shall give Buyer at least ten (10) days written notice of any sale of
the Collateral, which Buyer agrees to be reasonable notice. Notice shall be
given at the address specified in this Contract or other such address as Buyer
may specify in writing to Seller. Notice shall be effective when deposited in
the mails, postage prepaid, addressed as provided above.
(d) Expanse of retaking, holding, preparing for sale, selling and the like shall
include, to the fullest extent permitted by law,
(i) the fees of any attorneys retained by Seller, and (ii) all otter legal
expenses incurred by Seller.
(e) Buyer agrees that it is liable for and will promptly pay any deficiency
resulting from any disposition of the Collateral after default.
12 NO WRONGFUL POSSESSION.
Buyer agrees that if Seller repossesses the Collateral or otherwise obtains
possession of it, Seller will not be in wrongful possession of any property
contained in the Collateral or attached to it in which Seller does not have a
security interest Seller agrees to make any such property available for Buyer to
take back at a place reasonably convenient to both parties.
13. VARIATIONS OF CONTRACT.
No provision of this Contract may be changed or amended unless by a written
contract signed by Seller. Sellers acceptance of late payments does not mean
that Seller is obligated to accept any late payments in the future. No waiver of
any default shall operate as a waiver of any other default
14. ENTIRE AGREEMENT: SEVERABILITY.
This Contract and the attached Exhibits and Addenda is the complete and
exclusive statement of rights and duties between Seller and Buyer. If any
provision is held unenforceable, it shall be deemed omitted without affecting
the enforceability of the remaining provisions.

Page 3 of 4 of Security Agreement dated on or about November 11, 2002 between
Rugged Liner, Inc. (Buyer) and MICHIGAN KENWORTH, INC (Seller) which include,
without limitation, an item of Collateral with the following Vehicle
Identification Number: 1XKAD69X33J390008.

                                       4

<PAGE>

PACCAR
FINANCIAL                                                     SECURITY AGREEMENT
                                                     RETAIL INSTALLMENT CONTRACT
--------------------------------------------------------------------------------

15. BAD CHECKS
Whenever a check, draft or order given by or on behalf of Buyer for the purpose
of payment of any obligation arising under this Contract has been dishonored for
lack of funds or credit to pay the item, or because the account has been closed,
or for any other reason, Seller or its assigns will assess and Buyer will
promptly pay a $50 fee per dishonored item, or the maximum amount allowed by
applicable state law, if lower.
16. CROSS COLLATERAL.
Buyer grants to Seller and any assignee of Seller a security interest in the
Collateral to secure the payment and performance of all absolute and all
contingent obligations and liabilities of Buyer to Seller or to such assignee of
Seller, now existing or hereafter arising, whether under this Contract or any
other agreement and whether due directly or by assignment; provided, however,
upon any assignment of the Contract by Seller, the assignee shall be deemed, for
the purpose of this paragraph, the only party with a security interest in the
Collateral.
17. TIME PRICE DIFFERENTIAL.
The parties agree that during the term of the Contract, the effective daily Time
Price Differential ('TPD") shall be based on an interest rate equal to 8.00%
percent per annum, compounded daily on the unpaid balance ("Buyer's Rate"). The
TPD due each month shall be equal to the sum of the daily TPDs for the month.
Based a the Buyer's Rate and assuming that all payments are timely made, the
aggregate TPD will be $84,174.84. Early or late payments over the term of the
Contract will cause the actual aggregate TPD, the Time Balance and Total Tune
Sale Price to be different than disclosed. Any delay in payment could cause
those amounts to be greater than disclosed, resulting in a larger final or
"balloon" payment. Early payments could cause those amounts to be less than
disclosed, resulting in a smaller final or "balloon" payment or reduced number
of payments. In no event shall Buyer be required to pay interest in excess of
the maximum rate allowed by law of the state having jurisdiction over the
transaction. The intention of the parties is to conform strictly to applicable
state usury laws, which may reduce the Buyers Rate to the maximum amount allowed
under such usury laws now or hereafter in effect.
18. FINANCIAL INFORMATION.
Buyer agrees to furnish Seller promptly with any financial statements or other
information which seller may reasonably request from time to time. Any and all
financial statements will be prepared on a basis of generally accepted
accounting principles, and will be complete and correct and fairly present
Buyer's financial condition as of the date thereof. Seller may at any
reasonable time examine the books and records of Buyer and make copies thereof.
19. CHATTEL PAPER.
This specific Security Agreement is to be sold only to PACCAR Financial Corp.
and is subject to the security interest of PACCAR Financial Corp. The only copy
of this Security Agreement which constitutes Chattel Paper for all purposes of
the Uniform Commercial Code is the copy marked "ORIGINAL FOR PACCAR FINANCIAL
CORP." which is delivered to and held by PACCAR Financial Corp. Any change in
the name of the assignee of this Security Agreement from PACCAR Financial Corp.
shall render the copy of this Security Agreement so changed VOID and of no
force and effect. No assignee or secured party other than PACCAR Financial Corp.
will under any circumstances acquire any rights in, under or to this Security
Agreement or any sums due hereunder, except that PACCAR Financial Corp. may, by
a separate written assignment signed by PACCAR Financial Corp. assign its
interest received hereunder.
20. PREPAYMENT FEE.
Buyer shall have the right to prepay all or part of the principal indebtedness
due under this Contract at any time. In consideration of such prepayment right,
and as compensation to Seller for the loss of the benefit of its bargain,
unless prohibited by applicable state law. Buyer shall also pay to Seller a
percentage of the amount of the principal indebtedness being prepaid equal to
1/12 of 1% (.00083) multiplied by the number of full months remaining in the
term of the Contract or the maximum rate allowed under applicable state law, if
lower.
21. MISCELLANEOUS.
(a) This Contract shall be binding, jointly and severally, upon all parties
described as the "Buyer" and their respective heirs, executors,
representatives, successors and assigns and shall inure to the benefit of PFC,
its successors and assigns.
(b) This Contract and any other evidence of the indebtedness given in
connection herewith may be assigned by Seller to a third party without notice
to Buyer and Buyer hereby waives any defense, counterclaim or cross-complaint
by Buyer against any assignee, agreeing that Seller shall be solely responsible
therefor.
c) Buyer acknowledges receipt of a true copy of this contract, and waives
acceptance hereof.

   NOTICE - SEE ALL PAGES FOR IMPORTANT TERMS WHICH ARE PART OF THIS CONTRACT.
  WARNING: LIABILITY INSURANCE FOR BODILY INJURY AND PROPERTY DAMAGE CAUSED TO
                                   OTHERS NOT
                         INCLUDED UNDER THIS CONTRACT.
                                NOTICE TO BUYER
1. DO NOT SIGN THIS CONTRACT BEFORE YOU HAVE READ IT OR IF IT CONTAINS ANY BLANK
SPACES.
2. YOU ARE ENTITLED TO AN EXACT COPY OF THE CONTRACT YOU SIGN.
3. UNDER THE LAW YOU HAVE THE RIGHT TO PAY OFF IN ADVANCE THE FULL AMOUNT DUE
AND OBTAIN A PARTIAL REFUND OF THE FINANCE CHARGE (TIME PRICE DIFFERENTIAL).
4. KEEP THIS CONTRACT TO PROTECT YOUR LEGAL RIGHTS. BUYER ACKNOWLEDGES THAT A
TRUE COPY OF THIS CONTRACT HAS BEEN RECEIVED, READ, AND WAS COMPLETELY FILLED IN
BEFORE BEING SIGNED.

<TABLE>
<S>                                                          <C>
SELLER:     MICHIGAN KENWORTH, INC.                          BUYER:   Rugged Liner, Inc.
                                                             TAX ID:  38-3330167

----------------------------------------------------         ----------------------------------------------
BY:         Brian L. Arens, Vice President                   BY:      Gregory T. Strzynski CFO
DATE:       November 11, 2002                                DATE:    November 11, 2002

                                                             BY:                                TITLE:
                                                                -------------------------------       ---------------------
                                                             DATE:    November 11, 2002

</TABLE>

Page 4 of 4 of Security Agreement dated on or about November 11, 2002 between
Rugged Liner, Inc. (Buyer) and MICHIGAN KENWORTH, INC (Seller) which includes,
without limitation, an item of Collateral with the following Vehicle
Identification Number. 1XKAD69X33J390008.

                                       5

<PAGE>
PACCAR
FINANCIAL                                                     SECURITY AGREEMENT
                                                     RETAIL INSTALLMENT CONTRACT
--------------------------------------------------------------------------------

                              SELLER'S ASSIGNMENT

FOR VALUE RECEIVED, Seller identified on the face of this Security Agreement -
Retail Installment Contract (the "Contract") hereby sells, transfers, and
assigns to PACCAR Financial Corp., its successors and assigns (collectively
"Assignee") all of Sellers right, title and interest under, in and to the
Contract (including collateral therein described), guaranties of Buyer's
obligations, and insurance policies and proceeds thereunder. This Assignment is
subject to acceptance by Assignee at its offices, as indicated, and is further
subject to the provisions of any underlying agreement between Seller and
Assignee respecting acquisition of installment paper (the "Limited Liability
Agreement").

In any event, if any of the following representations or warranties is untrue,
Seller unconditionally agrees to repurchase from Assignee, upon demand, the
Contract, and pay Assignee in cash the balance remaining unpaid thereunder plus
any expenses of collection, repossession, transportation and storage, and
attorney's fees and court costs incurred by Assignee, less any customary refund
by Assignee of unearned finance charges. In addition, Seller agrees to
indemnity Assignee for any loss or expense sustained by reason of any claim or
defense Buyer may have against Seller.
Seller represents and warrants to Assignee that

(1) The property or services described in the Contract are accurately described
therein, have been delivered to and accepted by Buyer under a bona fide
deferred payment transaction as indicated in the Contract, and that all
obligations of Seller to Buyer respelling sale and delivery of property or
services have been fully performed;
(2) Any down payment reflected in the Contract has been received, and that the
Time Balance is absolutely owing and payment thereof is not subject to any Buyer
defense, counterclaim, setoff or deduction known to Seller;

(3) Seller has no reason to believe that any statement, representation or
warranty of the Buyer or any guarantor, whether made in the Contract or in
connection with Seller's extension of credit, is incorrect in any material
respect, nor has Seller any knowledge of any facts impairing the validity of the
Contract or diminishing its value;

(4) Insurance in such amounts and of such coverage as is required by the
Contract is effective in respect of property described in the Contract, and
that Assignee's lienholder interest is fully protected by such insurance;

(5) The Contract is the entire agreement of Seller and the Buyer thereunder, has
been acquired in the regular course of Seller's business, and that it and any
guaranty thereof each is valid and genuine in all respects and is legally
enforceable against an entities and all persons by whom it purports to have been
executed; and that Seller has good and valid title thereto and full right and
authority to sell the Contract and the security interest created thereby to
Assignee hereunder;
(6) The security interest created by the Contract constitutes a first rank lien
upon the properly described therein; that such security interest and this
Assignment thereof to Assignee have been duly perfected as required by
applicable law (except insofar as issuance of any Certificate of Title with
Assignee's lien notation thereon is presently pending following due application
made therefor); and that the Contract and property therein described are free of
all other liens or encumbrances;

(7) The Contract has been validly transferred to Assignee, that no part of the
indebtedness represented thereby is past due, and that no default exists on the
part of the obligor thereunder, and that all legal requirements of any
jurisdiction applicable to the transaction from which the Contract originated,
and applicable to the Contract and the Assignment, have been satisfied.

     In addition to any liability of Seller under the foregoing Assignment,
Seller shall have the following liability to Assignee under the Limited
Liability Agreement:

_____            Non-Recourse

_____            Limited Liability - Percentage of Contract Payoff ______%

_____            Limited Liability, as defined in the Limited Liability
                 Agreement

_____            Limited Liability, Other

_____            Full Recourse: If Buyer fails to pay any payment on the
                 Contract when due, or if Buyer is otherwise in default under
                 the terms of the contract, or if Buyer or Seller becomes
                 insolvent or makes assignment for the benefit of creditors, or
                 if a petition for a receiver or in bankruptcy is filed by or
                 against Buyer or Seller, then in any of such events Seller
                 will, without requiring Assignee to proceed against Buyer or
                 any other person or any security, repurchase the Contract on
                 demand and pay Assignee in cash the balance remaining unpaid
                 thereunder plus any expenses of collection, repossession,
                 transportation and storage, and reasonable attorney's fees and
                 court costs incurred by Assignee, less any customary refund by

                 Assignee of unearned finance charges. Seller waives all rights
                 arising under the Limited Liability Agreement relating to any
                 failure on the part of Assignee to obtain possession within 180
                 days.

                                       6

<PAGE>

PACCAR

<TABLE>
<S>                                                                  <C>
ASSIGNMENT: The foregoing contract is hereby assigned under the      ACCEPTANCE: The foregoing assignment is hereby accepted
 of the "Seller's Assignment" above                                  PACCAR Financial Corp.
MICHIGAN KENWORTH, INC
 SELLER

---------------------------------------------------------------      ----------------------------------------------------
BY:                                                                  BY:

                                                                     TITLE:

                                                                     ----------------------------------------------------
                                                                     DATE:
</TABLE>

Seller's Assignment for the Security Agreement dated on or about November 11,
2002 between Rugged Liner, Inc. (Buyer) and MICHIGAN KENWORTH, INC (Seller)
which includes without limitation, an item of Collateral with the following
Vehicle Identification Number. 1XKAD69X33J390008.

                                       7

<PAGE>

PACCAR
FINANCIAL                                                     SECURITY AGREEMENT
---------

                                                   SCHEDULE E: EQUIPMENT LISTING
--------------------------------------------------------------------------------

This Schedule E is affixed to and made part of the Security Agreement Retail
Installment Contract dated November 11, 2002 by and between MICHIGAN KENWORTH,
INC ("Seller") and Rugged Liner, Inc. ("Buyer") covering the equipment as
described below:

                       DESCRIPTION OF PURCHASED EQUIPMENT

<TABLE>
<CAPTION>
YEAR  MAKE                    MODEL                      VEHICLE IDENTIFICATION NUMBER       NEW/USED    PRCE/VHCLE
<S>   <C>                     <C>                        <C>                              <C>        <C>
2003  Kenworth                T600                       1XKAD69X33J390008                New         $97,153.79
2003  Kenworth                T600                       1XKAD69X53J390009                New         $97,153.79
2003  Kenworth                T600                       1XKAD69X13J390010                New         $97,153.79
2003  Kenworth                T600                       1XKAD69X33J390011                New         $97,153.79
2003  Kenworth                T600                       1XKAD69X53J390012-               New         $97,153.79
                                                                               TOTAL                 $485,768.95
----------------------------------------------------------------------------------------------------------------
<CAPTION>
                        DESCRIPTION OF TRADE-IN EQUIPMENT

YEAR   MAKE    MODEL          VEHICLE IDENTIFICATION NUMBER       ALLOWANCE         PAYOFF-        PAYOFF DUE TO

                                                                           Total:           $0.00          $0.00

<S>                                                 <C>
SELLER: MICHIGAN KENWORTH, IN                       BUYER:   Rugged Liner, Inc.

                                                    TAX ID:  38-3330167

BY:                                                 BY:      Gregory T. Strzynski, CFO

DATE:   November 11, 2002                           DATE:    November 11, 2002

                                                    BY: __________________________TITLE:_______________________
                                                    DATE:  November 11, 2002
</TABLE>

                                       8

<PAGE>

PACCAR
FINANCIAL                                           SECURITY AGREEMENT GUARANTY
--------------------------------------------------------------------------------

Reference is made to the Security Agreement-Retail Contract ("Contract") dated
November 11, 2002 between MICHIGAN KENWORTH, INC ("Seller") AND RUGGED LINER,
INC. ("Buyer").

For valuable consideration, the receipt of which is hereby acknowledged, and to
induce Seller to enter into the Contract, Guarantor (meaning all undersigned
Guarantors, if more than one, jointly and severally) hereby unconditionally
guarantees to Seller and its assigns, regardless of the enforceability of the
Contract, or any other circumstances which might affect the liability of
Guarantor that (f) all Buyers indebtedness under the Contract ("Debt"),
including without limitation each installment thereof, will be paid in full when
due, WHETHER at stated maturity or maturity by acceleration or otherwise, in
accordance with the terms of the Contract, and in case of any extension of
time of payment or renewal of any of the Debt, it will be paid in full when due
in accordance with the terms of such extension or renewal, whether at stated
maturity or maturity by acceleration or otherwise. Failing payment when due of
any amount so guaranteed for whatever reason, Guarantor will be obligated to pay
such amount immediately, regardless of whether Seller has proceeded against
Buyer or the Collateral (as defined in the Contract). Guarantor hereby waives
notice of and consents to any extensions of the time of payment, renewals,
releases of Collateral, or other indulgence from time to time granted to Buyer
in respect of any or all of the Debt. Guarantor hereby waives demand of payment,
presentation, protest, notice of sale or other disposition or release or other
handling of the Collateral, and all other notices and demands whatsoever
respecting the Debt or the Collateral. This Guaranty shall bind the Guarantor
and the estate of Guarantor- This Guaranty shall be automatically reinstated if
for any reason any payment in respect of Debt shall be rescinded or must
otherwise be restored, whether as a result of proceedings in bankruptcy or
otherwise. Any of the undersigned Guarantors, if more than one, and any other
party liable in respect of the Debt may be released without affecting the
liability of any undersigned Guarantor or Guarantors not released. Seller may
assign this guaranty to PACCAR Financial Corp., and if it does, PACCAR Financial
Corp. shall have the same rights and remedies as if originally named here in
place of Seller. Guarantor hereby waives notice of acceptance of this guaranty.
Guarantor hereby irrevocably waives and renounces any right or claim Guarantor
would otherwise have against Buyer, whether by way of indemnification,
subrogation, exoneration, right of reimbursement, contribution or otherwise, as
a consequence of Guarantors making any payment under this Guarantee.

Dated this       11TH                   DAY OF     NOVEMBER              2002

CORPORATE GUARANTOR         TAX ID            ADDRESS                 PHONE
--------------------------------------------------------------------------------

  SPORTS RESORTS INTERNATIONAL, INC.         951 Aiken Road

                                38-3262264 OWOSSO, MICHIGAN 48867  (989)725-8354

-----------------------------------
  By:  Gregory T. Strzynski, CFO

                                   CERTIFICATE

    I, the undersigned, hereby certify that I am the duly elected, qualified,
and acting Secretary and keeper of the corporate records and seal of (the
"Corporation"), a corporation organized and in good standing under the laws of
Michigan and further certify as follows:
    (1) That the following is a true and complete copy of certain resolutions
duly adopted at a meeting of the Board of Directors of the Corporation held on
November 8, 2002, at which a quorum was present and voting throughout, which
resolutions remain in FULL force and effect without modification and do not
contravene or conflict with the By-laws, Articles of Incorporation, or any
contractual undertaking of the Corporation:
    "RESOLVED, that the Guaranty by this corporation of the obligations of
Rugged Liner, Ink. to PACCAR Financial Corp. and its successors and assigns
under a retail installment contract executed or to be executed between the
aforementioned parties and any assignment thereof be, and it hereby is,
authorized or ratified, as the case may be; and be it"
    'FURTHER RESOLVED, that the authority of Gregory Strzynski, the CFO of this
corporation, to execute and deliver any instrument evidencing the aforementioned
Guaranty be, and it hereby is, conferred or ratified, as the case may be."
    (2) That the person whose name appears above is the duly elected or
appointed officer or employee of the Corporation holding the office or title
indicated.
    WITNESS my hand and the seal of the Corporation affixed this 11th day of
November, 2002.

(Corporate Seal)

                                                  Ted M. Gans

                                        9<PAGE>
                                                                     EXHIBIT 4.1
                                                                          to S-3

                               DELPHI CORPORATION

               CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS
                                       OF
                    NON-CUMULATIVE PREFERRED STOCK, SERIES AA

      Delphi Corporation, a corporation organized under the laws of the State of
Delaware (the "Corporation"), pursuant to Section 151 of the Delaware General
Corporation Law,
                              DOES HEREBY CERTIFY:

       FIRST, that the Corporation is duly incorporated and is in good
standing under the laws of the State of Delaware; and

      SECOND, the Board of Directors of the Corporation duly adopted, at a
meeting of the Board of Directors of the Corporation held on March 26, 2003, the
following resolutions:

                "RESOLVED, that the creation and authorization of 40,000,000
         shares of the Corporation's Series AA Preferred Stock, on terms set
         forth in the Certificate of Designations relating to the Series AA
         Preferred Stock (the "Certificate of Designations") and substantially
         in the form of the draft circulated to the Board of Directors of the
         Corporation is hereby authorized and approved and the Designated
         Officers are hereby authorized and directed to file or cause to be
         filed with the Secretary of State of the State of Delaware the
         Certificate of Designations, and all documents necessary, advisable or
         appropriate to create and give continuing effect to the Series AA
         Preferred Stock, and that up to 20,000,000 shares of the Series AA
         Preferred Stock are hereby reserved for issuance in connection with the
         Offering, with the final amount to be identical to the number of shares
         of REIT Preferred Stock issued in the Offering, as determined by the
         office of the REIT, and the Designated Officers, or any of them, are
         authorized and empowered, on behalf of the Corporation and in its name,
         to execute and deliver, or cause to be executed, and delivered, the
         Series AA Preferred Stock with respect to the Offering for issuance
         upon the occurrence of an automatic exchange event resulting in an
         exchange of REIT Preferred Stock for Series AA Preferred Stock, on a
         share-for-share basis".

         1. Dividends.

                  (a) The dividend rate for the Series AA Preferred Stock, when
and as authorized by the Corporation's board of directors out of the
Corporation's legally available assets, shall be [ ]% per annum of the
liquidation preference, which is $25 per share. If authorized and declared,
dividends on the Series AA Preferred Stock shall be payable quarterly in arrears
on [ ], [ ], [ ] and [ ] of each year, or, if any such day is not a business
day, on the next business day, commencing on the date that the Series AA
preferred stock is exchanged for shares of Non-Cumulative Perpetual Preferred
Securities, Series A, of Delphi Properties, Inc. (each such quarter, a "Dividend
Period"), and shall be payable to holders of record as they appear on the
Corporation's stock register on the relevant record dates, which shall be on the
first day of each month in which a dividend payment date falls. Dividends
payable on the Series AA Preferred Stock shall be computed on the basis of a
360-day year consisting of twelve 30-day months. Holders of the Series AA
Preferred Stock that is received in exchange for shares of Non-Cumulative
Perpetual Preferred Securities, Series A, of Delphi Properties, Inc. (the "REIT
Preferred Stock") shall be entitled to receive dividends on the Series AA
Preferred Stock that are equivalent to dividends that were authorized, declared
and unpaid in respect of the REIT Preferred Stock at the time of the exchange,
upon declaration by the Corporation's Board of Directors.

                  (b) Dividends shall be non-cumulative. If the Corporation's
Board of Directors does not authorize a dividend on the Series AA Preferred
Stock or authorizes less than a full dividend in respect of any Dividend Period,
the holders of the Series AA Preferred Stock shall have no right to receive any
dividend or a full dividend, as the case may be, for that Dividend Period, and
the Corporation shall have no obligation to pay a

<PAGE>

dividend or to pay full dividends with respect to the Series AA Preferred Stock
for that Dividend Period, whether or not dividends are declared and paid for any
future dividend period with respect to the Series AA Preferred Stock or the
common stock, par value $0.01 per share, of the Corporation (the "Common
Stock"). No interest shall be payable in respect of any dividend not declared or
paid for any Dividend Period. If full dividends on the Series AA Preferred Stock
for any Dividend Period shall not have been declared and paid, or declared and a
sum sufficient for the payment thereof shall not have been set apart for such
payments:

                  (i) no dividends shall be declared or paid or set aside for
         payment and no other distribution shall be declared or made or set
         aside for payment upon the Common Stock or any other of the
         Corporation's capital stock ranking junior to the Series AA Preferred
         Stock as to dividends or amounts upon liquidation for that Dividend
         Period, except by conversion into, or exchange for, other shares of the
         Corporation's capital stock ranking junior to the Series AA Preferred
         Stock as to dividends and amounts upon liquidation nor shall any monies
         be paid or made available for a sinking fund for redemption of any such
         stock; and

                  (ii) no Common Stock or any other of the Corporation's capital
         stock ranking junior to the Series AA Preferred Stock as to dividends
         or amounts upon liquidation shall be redeemed, purchased or otherwise
         acquired for any consideration.

                  (c) If dividends are not paid in full on, or a sum sufficient
for such full payment is not set apart for, the Series AA Preferred Stock and
any other parity stock, all dividends declared upon the Series AA Preferred
Stock and any other parity stock shall be declared pro rata.

         2. Liquidation Preference.

                  (a) In the event of the voluntary or involuntary liquidation,
dissolution, or winding up of the affairs of the Corporation, the holders of
Series AA Preferred Stock at the time outstanding shall be entitled to receive
liquidating distributions of $25 per share, plus in each case, the quarterly
declared but unpaid dividend to the date of liquidation, out of the assets of
the Corporation legally available for distribution to the Corporation's
shareholders, before any distribution of assets is made to holders of the Common
Stock or any of the Corporation's securities ranking junior to the Series AA
Preferred Stock, and subject to the rights of the holders of any class or series
of securities of the Corporation ranking senior to or at parity with the Series
AA Preferred Stock upon liquidation and the rights of the Corporation's
creditors. After payment of the full amount of the liquidating distributions to
which they are entitled, the holders of the Series AA Preferred Stock shall have
no right or claim to any of the Corporation's remaining assets. In the event
that, upon any liquidation, dissolution, or winding up, the Corporation's
available assets are insufficient to pay the amount of the liquidation
distributions on all outstanding Series AA Preferred Stock and the corresponding
amounts payable on any other securities of equal ranking, then the holders of
the Series AA Preferred Stock and any other securities of equal ranking shall
share ratably in any such distribution of assets in proportion to the full
liquidating distributions to which they would otherwise be respectively
entitled.

                  (b) For the purposes of this section, the Corporation's
consolidation or merger with or into any other entity, the consolidation or
merger of any other entity with or into the Corporation, or the sale,
conveyance, exchange or transfer (for cash, shares of stock, securities or other
consideration) of all or substantially all of the Corporation's property, assets
or business, shall not be deemed to constitute the liquidation, dissolution or
winding up of the Corporation.

         3. Voting Rights. The Series AA Preferred Stock shall have no voting
rights, except as expressly required by law.

         4. Redemption.

                  (a) The Series AA Preferred Stock shall not be redeemable by
the Corporation prior to [ ], 2008. Subject to the conditions described in (b)
below, the Series AA Preferred Stock shall be redeemable at the option of the
Corporation, in whole or in part, at any time or from time to time, out of funds
legally available

                                       2
<PAGE>

therefor, on and after [ ], 2008 at a redemption price, payable in cash, of
$[25] per share of Series AA Preferred Stock, plus in each case an amount equal
to declared but unpaid dividends, if any, to the date of redemption. If fewer
than all of the shares of Series AA Preferred Stock are to be redeemed, the
shares to be redeemed shall be selected by lot or pro rata or in some other
equitable manner determined by the Corporation's Board of Directors, in its sole
discretion.

                  (b) In the event that full dividends on the Series AA
preferred stock and any other series of stock ranking, as to dividends, on a
parity with the Series AA preferred stock have not been paid or declared and set
apart for payment in respect of the immediately preceding Dividend Period, the
Series AA preferred stock may not be redeemed in part and the Corporation may
not purchase or acquire shares of Series AA preferred stock or such other stock
otherwise than pursuant to a purchase or exchange offer made on the same terms
to all holders of shares of Series AA preferred stock and such other stock.

                  (c) Not more than 60 days and not less than 30 days prior to
the date established for such redemption by the Corporation's Board of Directors
(the "Redemption Date"), notice of the proposed redemption shall be mailed to
the holders of record of the Series AA Preferred Stock to be redeemed, such
notice to be addressed to each such stockholder at his last known address shown
on the records of the Corporation, and the time of mailing such notice shall be
deemed to be the time of the giving thereof. On or after the Redemption Date,
the Series AA Preferred Stock called for redemption shall automatically, and
without further action on the part of the holder thereof, be deemed to have been
redeemed and the former holder thereof shall thereupon only be entitled to
receive payment of the Redemption Price. If such notice of redemption shall have
been given as aforesaid, and if on or before the Redemption Date the funds
necessary for the redemption shall have been set aside so as to be available
therefore, then all rights with respect to the Series AA Preferred Stock so
called for redemption shall forthwith after such Redemption Date cease, except
the right of the holders to receive the Redemption Price, without interest. If
such notice of redemption of all or any part of the Series AA Preferred Stock
shall have been mailed as aforesaid and the Corporation shall thereafter deposit
money for the payment of the Redemption Price pursuant thereto with any bank or
trust Corporation (the "Depositary Corporation") selected by the Corporation's
Board of Directors for that purpose, to be applied to such redemption, then from
and after the making of such deposit, such Series AA Preferred Stock shall not
be deemed to be outstanding for any purpose, and the rights of the holders
thereof shall be limited to the rights to receive payment of the Redemption
Price, without interest but including any declared, but unpaid dividends to the
Redemption Date, from the Depositary Corporation, if applicable, upon
endorsement, if required, and surrender of the certificates therefore. The
Corporation shall be entitled to receive, from time to time, from the Depositary
Corporation, the interest, if any, allowed on such moneys deposited with it, and
the holders of any Series AA Preferred Stock so redeemed shall have no claim to
any such interest. Any moneys so deposited and remaining unclaimed at the end of
three years from the Redemption Date shall, if thereafter requested by
resolution of the Corporation's Board of Directors, be repaid to the
Corporation, and in the event of such repayment to the Corporation, such holders
of record of the Series AA Preferred Stock so redeemed which shall not have made
claim against such moneys prior to such repayment to the Corporation shall be
deemed to be unsecured creditors of the Corporation for an amount equivalent to
the amount deposited as stated above for the redemption of the Series AA
Preferred Stock and so repaid to the Corporation, but shall in no event be
entitled to any interest.

                  (d) Subject to the provisions hereof, the Corporation's Board
of Directors shall have the authority to prescribe from time to time the manner
in which the Series AA Preferred Stock shall be redeemed.

                                       3
<PAGE>

         5. Conversion. The holders of the Series AA Preferred Stock shall not
have any rights to convert such shares into shares of any other class of capital
stock of the Corporation.

         6. Rank; Additional Stock. Notwithstanding anything set forth in the
Certificate of Incorporation of the Corporation or this Certificate of
Designations, Preferences and Rights to the contrary, the Board of Directors,
without the vote of the holders of the Series AA Preferred Stock, may authorize
and issue additional shares of Common Stock and/or other series of preferred
stock of the Corporation ranking, as to dividends and upon liquidation, junior
to, senior to or at parity with the Series AA Preferred Stock.

         7. Transfer Restrictions. The Series AA Preferred Stock is transferable
by any holder thereof, subject to applicable securities laws.

         8. Repurchase. Nothing contained herein shall limit the right of the
Corporation to purchase and sell Series AA Preferred Stock from time to time to
such extent, in such manner, and upon such terms as the Board of Directors may
determine; provided however, that the Corporation shall not use any of its funds
for any such purchase when there are reasonable grounds to believe that the
Corporation is, or by such purchase would be, rendered insolvent.

         9. Form. The Series AA Preferred Stock shall be issued and sold in
uncertificated form.

      IN WITNESS WHEREOF, Delphi Corporation has caused this certificate to be
signed by[ ], its [ ], and attested by [ ], its [ ], this [ ] day of [ ], 2003.

                                                 DELPHI CORPORATION

                                        By:
                                             -----------------------------------
                                             Name:
                                             Title:

                                                 ATTEST:

                                        By:
                                             -----------------------------------
                                             Name:
                                             Title:

                                       4

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