Document:

exv10w3

 

EXHIBIT 10.3

Life Time Fitness, Inc.

2004 Long-Term Incentive Plan

Non-Incentive Stock Option Agreement

	 	 	 
	Name of Optionee:
	 	 
	 
	 	 
	No. of Shares Covered:

	 	Date of Grant:
	 
	 	 
	Exercise Price Per Share: $        

	 	Expiration Date:
	 
	 	 
	Exercise Schedule (Cumulative):
	 	 
	 
	 	 
	Date(s) of

Exercisability

	 	No. of Shares as to Which

Option Becomes Exercisable

This is a Non-Incentive Stock Option Agreement (the “Agreement”) between Life
Time Fitness, Inc., a Minnesota corporation (the “Company”), and the optionee
identified above (the “Optionee”) effective as of the date of grant specified
above.

Recitals

     WHEREAS, the Company maintains the Life Time Fitness, Inc. 2004 Long-Term
Incentive Plan (the “Plan”);

     WHEREAS, pursuant to the Plan, the Company’s Compensation Committee, a
committee of the Board of Directors (the “Board”), administers the Plan and has
the authority to determine the awards to be granted under the Plan; and

     WHEREAS, the Committee has determined that the Optionee is eligible to
receive an award under the Plan in the form of a non-incentive stock option
(the “Option”);

     NOW, THEREFORE, the Company hereby grants this Option to the Optionee
under the terms and conditions as follows.

Terms and Conditions*

	1.	 	Grant. The Optionee is granted this Option to purchase the number of shares of Common Stock (the “Shares”) specified at the beginning of this
Agreement.

*          Unless the context indicates otherwise, terms that are not defined in this
Agreement shall have the meaning set forth in the Plan as it currently exists
or as it is amended in the future. 

 

 

	2.	 	Exercise Price. The price to the Optionee of each Share subject to this
Option shall be the exercise price specified at the beginning of this
Agreement (which price shall not be less than the Fair Market Value as of
the date of grant).
	 
	3.	 	Non-Incentive Stock Option. This Option is not intended to be an
“incentive stock option” within the meaning of Section 422 of the Code.
	 
	4.	 	Exercise Schedule. This Option shall vest and become exercisable as to
the number of Shares and on the dates specified in the exercise schedule
at the beginning of this Agreement. The exercise schedule shall be
cumulative; thus, to the extent this Option has not already been exercised
and has not expired, terminated or been cancelled, the Optionee or the
person otherwise entitled to exercise this Option as provided herein may
at any time, and from time to time, purchase all or any portion of the
Shares then purchasable under the exercise schedule.
	 
	 	 	This Option may also be exercised in full (notwithstanding the exercise
schedule) under the circumstances described in Sections 7(b) and 8 of
this Agreement if it has not expired prior thereto.
	 
	5.	 	Expiration. This Option shall expire at the earliest of:

	(a)	 	5:00 p.m. Central Time on the expiration date specified at
the beginning of this Agreement (which date shall not be later than
ten years after the date of grant);
	 
	(b)	 	5:00 p.m. Central Time on the expiration of the period after
the termination of employment of the Optionee within which the
Option can be exercised (as specified in Section 7 of this
Agreement); or
	 
	(c)	 	Termination of the Optionee’s employment for through
discharge for Cause.

	 	 	In no event may anyone exercise this Option, in whole or in part, after
it has expired, notwithstanding any other provision of this Agreement.

	6.	 	Procedure to Exercise Option.
	 
	 	 	Notice of Exercise. This Option may be exercised by delivering written
notice of exercise to the outside Plan administrator, in the form
attached to this Agreement. The notice shall state the number of Shares
to be purchased, and shall be signed by the person exercising this
Option. If the person exercising this Option is not the Optionee, he/she
also must submit appropriate proof of his/her right to exercise this
Option.
	 
	 	 	Tender of Payment. Upon giving notice of any exercise hereunder, the
Optionee shall provide for payment of the purchase price of the Shares
being purchased through one or a combination of the following methods:

	(a)	 	Cash (including check, bank draft or money order);
	 
	(b)	 	To the extent permitted by law, through a broker-assisted
cashless exercise in which the Optionee simultaneously exercises the
Option and sells all or a portion of the Shares thereby acquired
pursuant to a brokerage or similar relationship and uses the
proceeds from such sale to pay the purchase price of such Shares;
	 
	(c)	 	By delivery to the Company of unencumbered Shares having an
aggregate Fair Market Value on the date of exercise equal to the
purchase price of such Shares; or
	 
	(d)	 	By authorizing the Company to retain, from the total number
of Shares as to which the Option is exercised, that number of Shares
having a Fair Market Value on the date of
exercise equal to the purchase price for the total number of Shares
as to which the Option is exercised.

 

 

	 	 	Notwithstanding the foregoing, the Optionee shall not be permitted to pay
any portion of the purchase price with Shares, or by authorizing the
Company to retain Shares upon exercise of the Option, if the Committee,
in its sole discretion, determines that payment in such manner is
undesirable.
	 
	 	 	Delivery of Certificates. As soon as practicable after the Company
receives the notice and purchase price provided for above, it shall
deliver to the person exercising this Option, in the name of such person,
a certificate or certificates representing the Shares being purchased.
The Company shall pay any original issue or transfer taxes with respect
to the issue or transfer of the Shares and all fees and expenses incurred
by it in connection therewith. All Shares so issued shall be fully paid
and nonassessable. Notwithstanding anything to the contrary in this
Agreement, no certificate for Shares distributable under the Plan shall
be issued and delivered unless the issuance of such certificate complies
with all applicable legal requirements including, without limitation,
compliance with the provisions of applicable state securities laws, the
Securities Act of 1933, as amended (the “Securities Act”) and the
Exchange Act.
	 
	7.	 	Employment Requirement. This Option may be exercised only while the
Optionee remains employed with the Company or a parent or subsidiary
thereof, and only if the Optionee has been continuously so employed since
the date of this Agreement; provided that:

	(a)	 	This Option may be exercised for ninety (90) days after the
Optionee’s employment by the Company ceases if such cessation of
employment is for a reason other than death or Total Disability, but
only to the extent that it was exercisable immediately prior to
termination of employment, provided that if termination of the
Optionee’s employment shall have been for Cause, the Option shall
expire, and all rights to purchase Shares hereunder shall terminate,
immediately upon such termination.
	 
	(b)	 	This Option may be exercised with respect to all Shares
subject to this Option within one year after the Optionee’s
employment by the Company ceases if such cessation of employment is
because of death or Total Disability of the Optionee (all Shares
subject to this Option shall become exercisable in full on the date
of such death or Total Disability and remain exercisable for such
one-year period).

	 	 	Notwithstanding the above, the Option may not be exercised after it has
expired.
	 
	8.	 	Acceleration of Vesting.
	 
	 	 	Change in Control. In the event of a Change in Control, the Option shall
become fully exercisable and vested.
	 
	 	 	Discretionary Acceleration. Notwithstanding any other provisions of this
Agreement to the contrary, the Committee may, in its sole discretion,
declare at any time that the Option shall be immediately exercisable.
	 
	9.	 	Buy Out of Option Gains in the Event of a Change in Control. As set
forth in Section 7(a)(v) of the Plan, in the event of a Change in Control,
the Committee shall have the right to elect, in its sole discretion and
without the consent of the Optionee, to cancel the Option and to cause the
Company to pay to the Optionee the excess of the Fair Market Value of the
Shares covered by the Option over the exercise price of the Option, at the
date the Committee provides the Buy Out Notice.
	 
	10.	 	Limitation on Transfer. During the lifetime of the Optionee, only the
Optionee or his/her guardian or legal representative may exercise the
Option. The Option may not be assigned or transferred by the Optionee
otherwise than by will or the laws of descent and distribution.

 

 

	11.	 	No Shareholder Rights Before Exercise. No person shall have any of the
rights of a shareholder of the Company with respect to any Share subject
to the Option until the Share actually is issued to him/her upon exercise
of the Option.
	 
	12.	 	Discretionary Adjustment. In the event of any merger, reorganization,
consolidation, recapitalization, stock dividend, stock split, combination
or exchange of shares or other change in corporate structure affecting any
class of Common Stock, the Committee (or if the Company does not survive
any such transaction, a comparable committee of the board of directors of
the surviving corporation) may, but shall not be required to, without the
consent of the Optionee, make such adjustment as it determines in its
discretion to be appropriate as to the class, number and exercise price of
the Option.
	 
	13.	 	Withholding Taxes. The Company shall have the right to require the
payment (through withholding from the Optionee’s salary or otherwise) of
any federal, state, local or foreign taxes in connection with the exercise
of the Option.
	 
	14.	 	Interpretation of This Agreement. All decisions and interpretations made
by the Committee with regard to any question arising hereunder or under
the Plan shall be binding and conclusive upon the Company and the
Optionee. If there is any inconsistency between the provisions of this
Agreement and the Plan, the provisions of the Plan shall govern.
	 
	15.	 	Discontinuance of Employment. This Agreement shall not give the Optionee
a right to continued employment with the Company or any parent or
subsidiary of the Company, and the Company or any such parent or
subsidiary employing the Optionee may terminate his/her employment at any
time and otherwise deal with the Optionee without regard to the effect it
may have upon him/her under this Agreement.
	 
	16.	 	Option Subject to Plan, Articles of Incorporation and By-Laws. The
Optionee acknowledges that the Option and the exercise thereof is subject
to the Plan, the Articles of Incorporation, as amended from time to time,
and the By-Laws, as amended from time to time, of the Company, and any
applicable federal or state laws, rules or regulations.
	 
	17.	 	Obligation to Reserve Sufficient Shares. The Company shall at all times
during the term of the Option reserve and keep available a sufficient
number of Shares to satisfy this Agreement.
	 
	18.	 	Binding Effect. This Agreement shall be binding in all respects on the
heirs, representatives, successors and assigns of the Optionee.
	 
	19.	 	Choice of Law. This Agreement is entered into under the laws of the
State of Minnesota and shall be construed and interpreted thereunder
(without regard to its conflict of law principles).

     IN WITNESS WHEREOF, the Optionee and the Company have executed this
Agreement as of the                    
day of                 
                 ,
                   .

	 	 	 
	 

	 	OPTIONEE
	 
	 	 
	

	 	

 

 

	 	 	 	 	 	 	 
	 	 	Life Time Fitness, Inc.
	 
	 	 	 	 	 	 
	

	 	By	 	 	 	 
	 	 	 	 	
 
	 
	 	 	 	 	 	 
	

	 	 	 	Its	 	 
	

	 	 	 	 	 	
 

 

 

                                                         , 20       

Merrill Lynch

Attn:

Dear Sir or Madame:

                    I hereby exercise the following option (the “Option”) granted to me under
the Life Time Fitness, Inc. 2004 Long-Term Incentive Plan (the “Plan”) with
respect to the number of shares of Common Stock of Life Time Fitness, Inc. (the
“Company”) indicated below:

	 	 	 	 	 
	 

	 	Name:	 	 
	

	 	 	 	
 
	 

	 	Date of Grant of Option:	 	 
	

	 	 	 	
 
	 

	 	Exercise Price Per Share:	 	 
	

	 	 	 	
 
	 

	 	Number of Shares With Respect
to Which the Option is Hereby
Exercised:	 	 
	

	 	 	 	
 
	 

	 	Total Exercise Price:	 	 
	

	 	 	 	
 

	 	 	 	 	 
	

	 	o
	 	Enclosed with this letter is a check, bank draft or
money order in the amount of the Total Exercise Price.
	 
	 	 	 	 
	

	 	o
	 	I hereby agree to pay the Total Exercise Price within
five business days of the date hereof and, as stated in
the attached Broker’s Letter, I have delivered
irrevocable instructions to
                                               
 to promptly deliver to
the Company the amount of sale or loan proceeds from the
Shares to be issued pursuant to this exercise necessary
to satisfy my obligation hereunder to pay the Total
Exercise Price.
	 
	 	 	 	 
	

	 	o
	 	Enclosed with this letter is a certificate evidencing
unencumbered Shares (duly endorsed in blank) having an
aggregate Fair Market Value (as defined in the Plan)
equal to or in excess of the Total Exercise Price.
	 
	 	 	 	 
	

	 	o
	 	I elect to pay the Total Exercise Price through a
reduction in the number of Shares delivered to me upon
this exercise of the Option.

                    If I am enclosing Shares with this letter, I hereby represent and warrant
that I am the owner of such Shares free and clear of all liens, security
interests and other restrictions or encumbrances. I agree that I will pay any
required withholding taxes in connection with this exercise.

 

 

                    Please issue a certificate (the “Certificate”) for the number of Shares
with respect to which the Option is being exercised in the name of the person
indicated below and deliver the Certificate to the address indicated below:

	 	 	 	 	 
	

	 	Name in Which to Issue Certificate:	 	 
	 

	 	 	 	

	

	 	Address to Which Certificate Should be
Delivered:	 	 
	 

	 	 	 	

	 

	 	 	 	

	 

	 	 	 	

	 

	 	 	 	

	 
	 	 	 	 
	

	 	Principal Mailing Address for Holder of
the Certificate (if different from
above):	 	 
	 

	 	 	 	

	 

	 	 	 	

	 

	 	 	 	

	 

	 	 	 	

	 	 	 
	

	 	Very truly yours,
	 
	 	 
	

	 	
 
	

	 	Signature
	 
	 	 
	

	 	
 
	

	 	Name, please print
	 
	 	 
	

	 	
 
	

	 	Social Security Number

 

 

                                                         , 20       

Life Time Fitness, Inc.

6442 City West Parkway

Eden Prairie, MN 55344

Attn: General Counsel

Dear Sir or Madame:

	 	 	 	 	 
	 

	 	Name of Optionee:	 	 
	

	 	 	 	
 
	

	 	Date of Grant of Option:	 	 
	

	 	 	 	
 
	

	 	Exercise Price Per Share:	 	 
	

	 	 	 	
 
	

	 	Number of Shares With Respect
to Which the Option is to be
Exercised:	 	 
	

	 	 	 	
 
	

	 	Total Exercise Price:	 	 
	

	 	 	 	
 

                    The above Optionee has requested that we finance the exercise of the above
Option to purchase Shares of Common Stock of Life Time Fitness, Inc. (the
“Company”) and has given us irrevocable instructions to promptly deliver to the
Company the amount of sale or loan proceeds from the Shares to be issued
pursuant to such exercise to satisfy the Optionee’s obligation to pay the Total
Exercise Price.

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	
 
	 	 	Broker Name
	 
	 	 	 	 
	

	 	Byexv10w4

 

EXHIBIT 10.4

AMENDMENT NO. 8 TO AMENDED AND RESTATED

MASTER CONSTRUCTION AND TERM LOAN AGREEMENT

     This Amendment No. 8 to Amended and Restated Master Construction and Term
Loan Agreement, dated June 28, 2004 (the “Amendment”), among FCA Real Estate
Holdings, LLC, a Delaware limited liability company (“Borrower”), U.S. Bank
National Association, a national banking association, as agent and
administrative bank (in such capacity, “Administrative Bank”) and as collateral
agent (in such capacity, the “Collateral Agent”) and the “Lender parties” to
the Original Agreement described in this Amendment (each a “Lender” and
collectively the “Lenders”) and U.S. Bank National Association, a national
banking association, as collateral agent (in such capacity, “Collateral
Agent”).

RECITALS:

     A. Borrower, Administrative Bank, Collateral Agent and the Lenders are
parties to that certain Amended and Restated Master Construction and Term Loan
Agreement dated as of July 17, 2000, as amended by Amendment No. 1 to Amended
and Restated Master Construction and Term Loan Agreement dated June 14, 2001,
Amendment No. 2 to Amended and Restated Master Construction and Term Loan
Agreement dated July 19, 2001, Amendment No. 3 to Amended and Restated Master
Construction and Term Loan Agreement dated August 21, 2001, Amendment No. 4 to
Amended and Restated Master Construction and Term Loan Agreement dated February
28, 2002, Amendment No. 5 to Amended and Restated Master Construction and Term
Loan Agreement dated May 31, 2002, Amendment No. 6 to Amended and Restated
Master Construction and Term Loan Agreement dated April 18, 2003, and Amendment
No. 7 to Amended and Restated Master Construction and Term Loan Agreement dated
April 28, 2004 (as so amended and supplemented by the Supplements through the
Series R Loan, the “Original Agreement”).

     B. Borrower has requested that Administrative Bank and the Lenders further
amend certain provisions of the Original Agreement.

     C. Subject to the terms and conditions of this Amendment, Administrative
Bank and the Lenders have agreed to Borrower’s request.

     NOW, THEREFORE, the parties agree as follows:

     1. Defined Terms. All capitalized terms used in this Amendment shall,
except where the context otherwise requires, have the meanings set forth in the
Original Agreement as amended by this Amendment.

     2. Amendments. The Original Agreement is hereby amended as follows:

     (a) The definition of “Change of Control” appearing in the
DEFINITIONS Section of the Original Agreement is amended in its entirety
to read as follows:

 

 

     “Change of Control: (a) With respect to LTF, the occurrence
after the ‘Effective Date’ of that certain Amendment No. 8 to
Amended and Restated Master Construction and Term Loan Agreement
dated as of June    , 2004 (the ‘Eighth Amendment’) among Borrower,
the Administrative Bank and the Lenders of any single transaction
or event or any series of transactions or events (whether as the
most recent transaction in a series of transactions) which,
individually or in the aggregate, results in: (i) any Person or two
or more Persons acting in concert acquiring beneficial ownership
(within the meaning of Rule 13d-3 of the Securities and Exchange
Commission under the Securities Exchange Act of 1934), directly or
indirectly of, or control over, voting securities or other equity
securities of LTF representing 25% or more of the combined voting
power of all equity interests of LTF entitled to vote in the
election of directors; or (ii) the election of a director of LTF as
a result of which at least a majority of LTF’s Board of Directors
does not consist of Continuing Directors; (b) with respect to
Borrower, the occurrence after the date of this Agreement of any
event where LTF ceases to own 100% of Borrower’s members interests
(either financial rights or governance rights) or ceases to control
the election of a majority of Borrower’s board of governors or
ceases to control Borrower’s management policies; or (c) with
respect to any Substitute Lessee the occurrence after the date of
this Agreement of any event where LTF ceases to own 100% of the
equity interests in such Substitute Lessee or ceases to control the
election of a majority of Borrower’s board of directors or board of
governors or ceases to control such Substitute Lessee’s management
policies.

     (b) The DEFINITIONS Section of the Original Agreement is further
amended by adding the following new definition of “Continuing Directors”
in proper alphabetical order:

     “Continuing Directors: Those directors on LTF’s Board of
Directors as of the ‘Effective Date’ of the Eighth Amendment (the
‘Current Board’) or those directors who are recommended or endorsed
for election to the Board of Directors of that Person by a majority
of the Current Board or their successors so recommended or
endorsed.”

     3. Conditions to Effectiveness. This Amendment shall become effective on
the date (the “Effective Date”) when, and only when, Administrative Bank shall
have received:

     (a) Counterparts of this Amendment executed by Borrower,
Administrative Bank, and all Lenders;

     (b) Written confirmation from LTF that LTF’s initial public offering
has closed; and

     (c) Such other documents as Administrative Bank or any Lender may
reasonably request.

 

 

     4. Representations and Warranties. To induce Administrative Bank and the
Lenders to enter into this Amendment, Borrower represents and warrants to
Administrative Bank and the Lenders and Collateral Agent as follows:

     (a) The execution, delivery and performance by Borrower of the
Original Agreement, as amended by this Amendment, and any other documents
to be executed and/or delivered by Borrower in connection with this
Amendment have been duly authorized by all necessary company action, do
not require any approval or consent of, or any registration,
qualification or filing with, any government agency or authority or any
approval or consent of any other person (including, without limitation,
any member), do not and will not conflict with, result in any violation
of or constitute any default under, any provision of Borrower’s Articles
of Organization, Member Control Agreement or Operating Agreement, any
agreement binding on or applicable to Borrower or any of its property, or
any law or governmental regulation or court decree or order, binding upon
or applicable to Borrower or of any of its property and will not result
in the creation or imposition of any security interest or other lien or
encumbrance in or on any of its property pursuant to the provisions of
any agreement applicable to Borrower or any of its property;

     (b) The representations and warranties contained in the Original
Agreement are true and correct as of the date of this Amendment as though
made on that date except to the extent that such representations and
warranties relate solely to an earlier date and except that the
representations and warranties set forth in Section IV.5 of the Original
Agreement with respect to the audited or unauditied financial statements
of Borrower or the Lessee, as the case may be, shall be deemed to be a
reference to the most recent audited or unaudited financial statements of
the relevant Person delivered to the Lenders pursuant to Section V.7 of
the Original Agreement;

     (c) (i) No events have taken place and no circumstances exist at the
date of this Amendment that would give Borrower the right to assert a
defense, offset or counterclaim to any claim by Administrative Bank or
any Lender for payment of any Note; and (ii) Borrower hereby releases and
forever discharges Administrative Bank, each Lender and their respective
successors, assigns, directors, officers, agents, employees and
participants from any and all actions, causes of action, suits,
proceedings, debts, sums of money, covenants, contracts, controversies,
claims and demands, at law or in equity, that Borrower ever had or now
has against such Person by virtue of such Person’s relationship to
Borrower in connection with the Loan Documents and the transactions
related to the Loan Documents;

     (d) The Original Agreement, as amended by this Amendment, is the
legal, valid and binding obligation of Borrower, remains in full force
and effect and is enforceable in accordance with its terms, subject only
to bankruptcy, insolvency, reorganization, moratorium or similar laws,
rulings or decisions at the time in effect affecting the enforceability
of rights of creditors generally and to general equitable principles that
may limit the right to obtain equitable remedies; and

 

 

     (e) No Default or Event of Default exists prior to or after giving
effect to this Amendment.

     5. Reference to and Effect on the Loan Documents.

     (a) From and after the date of this Amendment, each reference in the
Original Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”
or words of like import referring to the Original Agreement, and each
reference to the “Credit Agreement”, “Loan Agreement”, “thereunder”,
“thereof”, “therein” or words of like import referring to the Original
Agreement in any other Loan Document shall mean and be a reference to the
Original Agreement as amended hereby.

     (b) The execution, delivery and effectiveness of this Amendment
shall not, except as expressly provided in this Amendment, operate as a
waiver of any right, power or remedy of Administrative Bank, any Lender
or Collateral Agent under the Original Agreement or any other Loan
Document, nor constitute a waiver of any provision of the Original
Agreement or any such other Loan Document.

     6. Costs, Expenses and Taxes. Borrower agrees to pay on demand all costs
and expenses of Administrative Bank and each Lender in connection with the
preparation, reproduction, execution and delivery of this Amendment and the
other documents to be delivered hereunder, including their reasonable
attorneys’ fees and legal expenses. In addition, Borrower shall pay any and
all stamp and other taxes and fees payable or determined to be payable in
connection with the execution and delivery, filing or recording of this
Amendment and the other instruments and documents to be delivered under this
Amendment, and agrees to save Administrative Bank and each Lender harmless from
and against any and all liabilities with respect to, or resulting from, any
delay in Borrower’s paying or omission to pay, such taxes or fees.

     7. Governing Law. THE VALIDITY, CONSTRUCTION AND ENFORCEABILITY OF THIS
AMENDMENT SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE STATE OF MINNESOTA,
WITHOUT GIVING EFFECT TO CONFLICT OF LAWS PRINCIPLES THEREOF, BUT GIVING EFFECT
TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

     8. Headings. Section headings in this Amendment are included in this
Amendment for convenience of reference only and shall not constitute a part of
this Amendment for any other purpose.

     9. Counterparts. This Amendment may be executed in one or more
counterparts, each of which shall be deemed to be an original.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers thereunto duly authorized as of the date
first written above.

	 	 	 	 	 	 	 
	 	 	FCA REAL ESTATE HOLDINGS, LLC
	 
	 	 	 	 	 	 
	 	 	By:	 	LIFE TIME FITNESS, Inc., its Manager
	 
	 	 	 	 	 	 
	

	 	 	 	By:	 	 
	

	 	 	 	 	 	
 
	

	 	 	 	Name:	 	 
	

	 	 	 	 	 	
 
	

	 	 	 	Title:	 	 
	

	 	 	 	 	 	
 

Subscribed and sworn to before

me this     day of June, 2004.

                                                         

Notary Public

	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION, as Administrative

Bank, Collateral Agent and a Lender
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	
 
	

	 	 	 	Karen E. Weathers, its Vice President
	 
	 	 	 	 
	 	 	BANK ONE, NA (Chicago Office), as a Lender
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	
 
	

	 	 	 	Mitchell Dangremond, Vice President
	 
	 	 	 	 
	 	 	MB FINANCIAL BANK, N.A., as a Lender
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	
 
	

	 	 	 	Joseph P. Valenti, its Senior Vice President

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