Document:

Exhibit 10.8(h)

Salary Stock Unit Program

(Last revised January 18, 2011)

	
  

 	
  

 	
  

 	
  

 
	
 1.

 	
 Purpose.
 The purpose of the Program is to link more of each participant’s compensation
 to the company’s stock performance and facilitate retention of key
 executives.

 
	
  

 	
  

 	
  

 	
  

 
	
 2.

 	
 Committee
 Actions. From time to time the Compensation
 Committee (CC) (a) will identify persons who are to receive a portion of
 salary in the form of salary stock units (SSUs), and (b) will determine the
 dollar amount of salary that each such person will receive in the form of
 SSUs, sometimes called the SSU crediting rate. The portion of salary in the
 form of SSUs may be in lieu of cash salary or supplemental to prior cash
 salary rates. The crediting of SSUs to each such person will continue while
 he or she is employed with FHN until the CC changes or ends the person’s participation
 or this SSU Program, unless the CC approves an automatic sunset date for
 participation in this Program or unless the CC limits participation to a
 specified year and fails to renew participation. It is expected that the CC
 will reconsider these determinations at least once each year, and in doing so
 the CC may make changes for a new year or period retroactive to the beginning
 of that year or period. The CC may change or eliminate the dollar amount of
 salary to be paid to a participant in the form of SSUs at any time; although
 such action would not affect previously-credited SSUs, no participant has any
 right to continue to receive new SSUs at any specific dollar level or at all.
 In addition, the CC may accelerate settlement of SSUs globally or for any
 participant based on the value of FHN stock at that time, and may change the
 terms of SSUs or this Program at any time.

 
	
  

 	
  

 	
  

 	
  

 
	
 3.

 	
 SSU Terms
 and Mechanics. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 a.

 	
 For each
 person designated to participate in the Program by CC action beginning in
 2011, crediting of SSUs will occur quarterly in arrears commencing with the
 quarter in which CC action occurs, unless otherwise provided by the CC.
 Ideally, crediting dates will occur late in March, June, September, and
 December. However, in all cases crediting dates are subject to adjustment or
 delay for administrative reasons, and the CC may direct that a date be used
 in a particular instance. This provision does not disturb SSUs credited prior
 to January 1, 2011.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 b.

 	
 When SSUs
 are credited to a participant for a particular quarter, the number of SSUs
 will equal the dollar amount of salary for that quarter to be paid in the
 form of SSUs (net of any applicable withholding taxes, as provided in
 paragraph f below) divided by the Ten-Day Average Value for that quarter. The
 number of credited SSUs will be calculated as the administrator determines
 but will not be rounded up. In any case where the pay period is less than a
 full quarter, a similar calculation using an appropriate Ten-Day Average
 Value will be performed for the shorter period as determined by the
 administrator. If the period is less than ten trading days, the value used
 will be the average closing price for all trading days within that period.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 c.

 	
 For purposes
 of this Program, the “Ten-Day Average Value” for any quarter or shorter
 period is the average closing share price of FHN stock for any period of ten
 consecutive trading days selected by the administrator and occurring within
 that quarter or period. The administrator generally will favor the selection
 of a ten-day period later in the quarter or other period rather than earlier,
 but in each case may select the specific ten-day period based on administrative
 convenience. In addition, if a dividend record date or ex-date might occur
 within the valuation period the administrator may select the ten-day period
 to avoid unfair or inappropriate enlargement or dilution of value.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 d.

 	
 Settlement.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (i)

 	
 SSUs credited in 2010

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 General Rule. Each
 SSU credited in 2010 entitles the participant to receive the cash value of one
 share of FHN stock valued at the Ten-Day Average Value for the second quarter
 of 2012. 

 

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 Settlement
 of SSUs will be made within 30 business days after the last day of the
 ten-day period used for valuation. In converting SSUs to cash values when
 settled, amounts will be calculated as the administrator determines but will
 not be rounded up.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 SEOs. For those
 participants who, in 2010, were “senior executive officers” (SEOs) under the
 Troubled Asset Relief Program (TARP) rules, the General Rule above applies
 subject to the changes provided in this paragraph. For SEOs, SSUs credited in
 the first two quarters of 2010 will be paid in March 2011, and SSUs credited
 in the second two quarters of 2010 will be paid in September 2011. The administrator
 will cause the SSUs to be paid early in each such month, subject to
 administrative considerations. Each SSU payment to SEOs will be calculated
 using the Ten-Day Average Value for February in respect of the March payment,
 and using the Ten-Day Average Value for August in respect of the September
 payment.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (ii)

 	
 SSUs Credited after 2010

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 Each SSU
 entitles the participant to receive the cash value of one share of FHN stock.
 SSUs credited in the first two quarters of any given year will be paid in
 June or July, and SSUs credited in the second two quarters of that year will
 be paid in December, of the year following the year of crediting. SSUs paid
 in June or July will be valued using the Ten-Day Average Value for the second
 quarter of the year of payment, and SSUs paid in December will be valued
 using the Ten-Day Average Value for the fourth quarter of that year. In
 converting SSUs to cash values when settled, dollar amounts will be
 calculated and rounded down (not up) as the administrator determines.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 e.

 	
 SSUs will
 not be settled in actual shares of stock and will have no voting rights. An
 SSU will not be represented by any certificate or document, but instead will
 be credited on the books of FHN or its administrative agent. SSUs are a component
 of or supplement to salary and are not associated with any plan of FHN.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 f.

 	
 Taxes will
 be withheld in connection with a crediting or settlement event (as
 applicable) and remitted to government authorities as necessary or
 appropriate. Taxes withheld in connection with crediting may be withheld from
 salary paid in the form of cash or other contemporaneously paid compensation,
 or may reduce the number of SSUs credited, or both, as the administrator
 determines. Participants are not permitted to elect to be taxed on SSUs at
 the time of crediting. The current administrative determinations of these
 matters are: any FICA, medicare, and income taxes withheld in connection with
 crediting SSUs will reduce the dollar amount of salary which is to be converted
 into SSUs.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 g.

 	
 SSUs will be
 adjusted for stock dividends and splits that occur after crediting and prior
 to settlement in order to prevent enlargement or dilution of value. In making
 such adjustments, SSUs will be treated in a manner similar to ordinary shares
 except that calculated numbers of SSUs are to be rounded down (not up) as the
 administrator determines. The administrator will make appropriate adjustments
 for SSUs credited or settled near dividend and split record dates to account
 for the effects of ex-trading dates in the market prices of FHN shares, again
 in order to prevent enlargement or dilution of value. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 h.

 	
 If cash
 dividends are declared on FHN shares during the time that a participant holds
 SSUs, a cash amount will be credited to the participant equivalent to the
 cash dividend that would have been paid on a like number of ordinary FHN
 shares, calculated and rounded down (not up) as the administrator determines.
 Credited cash dividend equivalent amounts will not be converted into SSUs,
 will not accrue interest, and will be paid to the participant at the time
 that the associated SSUs are paid. Notwithstanding the foregoing, the
 administrator may prevent or omit the crediting of a cash dividend equivalent
 in order to prevent a participant from benefiting twice from that 

 

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 dividend
 whenever the dividend’s record date or ex-date occurs near the time of the
 ten-day period used for the Ten-Day Average Value.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 i.

 	
 SSUs are not
 transferable. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 j.

 	
 Absent other
 action by the CC, if FHN merges or consolidates and as a result FHN shares
 cease to be publicly outstanding, then outstanding SSUs will be converted
 into units denominated in shares of the surviving or resulting company based
 on the transaction value. The conversion will be accomplished, to the extent
 practicable, so as to prevent enlargement or dilution of value.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 k.

 	
 SSUs are a
 special form of deferred salary. When cash salary no longer is paid to a
 participant, SSUs no longer will be credited. If cash salary previously paid
 to a participant were subject to forfeiture or reclamation for any reason,
 the associated SSUs similarly would be subject to forfeiture or reclamation.
 However, SSU crediting rates and cash salary rates may be adjusted
 independently of each other; a change in a participant’s cash salary rate
 does not automatically result in any change in that person’s SSU crediting
 rate, and vice-versa.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 l.

 	
 The timing,
 pricing, and other administrative determinations associated with SSU
 recipients who are subject to Form 4 reporting may differ from those of other
 Program participants. Currently, no such differences have been approved by
 the administrator.

 
	
  

 	
  

 	
  

 	
  

 
	
 4.

 	
 Termination
 of Employment. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 a.

 	
 Subject to
 the exceptions set forth below, credited SSUs will be forfeited unless the
 participant is continuously employed by FHN or a subsidiary through the
 payment date of the SSUs. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 b.

 	
 Notwithstanding
 paragraph a., if a participant dies, his or her credited and unpaid SSUs will
 not be forfeited as a result of death, and settlement of the SSUs will be
 accelerated in an equitable and appropriate manner determined by the
 administrator. The valuation date for any such settlement will be the first
 trading day following the date of death.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 c.

 	
 Notwithstanding
 paragraph a., if a participant’s employment with FHN terminates as a result
 of normal or early retirement or disability, then his or her credited and
 unpaid SSUs will not be forfeited as a result of that termination, and settlement
 of the SSUs will occur at the ordinary times set forth in this Program. For
 this purpose, “normal retirement” and “early retirement” have the meanings
 given in procedure 43 of the Equity Award Administration Procedures (rev’d
 July 20, 2009), and “disability” means a disability that would qualify as a
 total and permanent disability under the long-term disability plan then in
 effect at FHN, or (if different) at the FHN subsidiary employing the
 participant, at the onset of such total and permanent disability.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 d.

 	
 Notwithstanding
 paragraph c., a participant who has terminated employment but retained SSUs
 due to retirement or disability shall forfeit all of those retained SSUs if,
 at any time during the period prior to the latest payment date of any SSUs
 credited to him or her at the time of termination, the participant engages in
 any competitive activity. Each of the CC and the administrator has the
 discretion to determine whether any particular activity is competitive with
 FHN or any of its subsidiaries. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 e.

 	
 Enforcement
 of the vesting and forfeiture conditions above is subject to the U.S.
 Department of the Treasury compensation rules applicable during the period as
 to which FHN was subject to the TARP rules restricting compensation.
 Currently it is uncertain whether the TARP rules prohibit FHN from imposing
 vesting and forfeiture conditions upon SSUs credited to participants who are
 SEOs at the time of crediting. As long as such uncertainty exists, this
 Program will be interpreted to assume that the TARP rules prohibit the
 imposition of a vesting condition on SEO participants. However, if the TARP
 rules are later amended or interpreted so that the vesting condition is
 permitted with respect to SEOs, FHN retains the right to impose the vesting
 condition on SEOs to the maximum extent allowed, including retroactively to
 any time when uncertainty existed.

 

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 5.

 	
 No Elective
 Deferrals. Participants may not elect to defer the
 settlement of SSUs beyond the mandatory deferral period provided in the
 program above. SSUs are not eligible for elective deferral under any deferral
 plan or program of FHN, even if those plans or programs generally allow
 deferral of salary. Outstanding salary deferral elections shall not apply to
 SSUs.

 
	
  

 	
  

 	
  

 	
  

 
	
 6.

 	
 Treatment of
 SSUs as Base Salary. SSUs are, or are not, to be
 treated as base salary under the plans and programs listed below. For any
 plan or program not listed, SSUs shall not be treated as base salary unless
 the administrator determines otherwise; any such determinations must be reported
 to the CC at or before its next quarterly meeting.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 SSUs,
 measured at the crediting rate and date rather than the ultimate payment
 amount and date, are treated as base salary for the following (subject to the
 limitation in the next sentence):

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 a.

 	
 Retirement
 and retirement restoration plans, including pension and savings plans.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 b.

 	
 All life and
 disability benefit and insurance programs. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 c.

 	
 Other
 programs treated as ‘benefit’ programs by FHN’s Human Resources division.
 This provision does not include severance programs.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 For each
 such case, the amount of SSUs treated as base salary shall not exceed
 $200,000 per person per calendar year.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 SSUs are not
 treated as base salary for the following:

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 d.

 	
 Change in
 control severance agreements and any change in control severance plan or
 program that may apply to a holder of SSUs.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 e.

 	
 Any other
 present or future severance plan, program, or agreement.

 
	
  

 	
  

 	
  

 	
  

 
	
 7.

 	
 Administration.
 The Chief Human Resources Officer is the program administrator with authority
 to oversee all administrative matters related to the SSU program. All
 administrative actions must further the purposes of the program and be
 compatible with legal requirements and appropriate tax and accounting
 outcomes. The administrator may deviate from or modify the following program
 provisions under this authority: any provision governing a crediting date or
 a settlement date or a date as of which FHN stock is valued to convert cash
 amounts into SSUs, or SSUs into cash, provided that such a provision may be
 changed only out of demonstrable administrative necessity and must be
 reported at the next quarterly CC meeting; for any calculation, any provision
 governing a number of decimal places or a rounding convention; and, any
 provision to the extent necessary to comply with legal requirements, to avoid
 a legal penalty or forfeiture, or to obtain or preserve appropriate tax and
 accounting outcomes, provided that in no case may actual shares of stock be
 issued in settlement of SSUs.

 

4EXECUTION VERSION

INCREMENTAL ASSUMPTION AGREEMENT AND AMENDMENT

INCREMENTAL ASSUMPTION AGREEMENT AND AMENDMENT (this “Agreement”) dated as of February 24, 2011 relating to the Third Amended and Restated Credit Agreement dated as of August 26, 2010 (as heretofore amended or modified, the “Credit Agreement”) among Charles River Laboratories International, Inc. (the “Parent Borrower”), Charles River Nederland B.V., the Lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”), Bank of America, N.A., as Syndication Agent and the other agents party thereto.

RECITALS:

WHEREAS, the Parent Borrower has, by notice to the Administrative Agent dated February 18, 2011 delivered pursuant to Section 2.24 of the Credit Agreement (the “Notice”) (a copy of which notice has been delivered to the Lenders and is attached as Exhibit A hereto), requested Incremental Term Loans in an aggregate principal amount of $150,000,000.

WHEREAS, each financial institution identified on the signature pages hereto as an “New Incremental Term Lender” (each, a “New Incremental Term Lender”) has agreed severally, on the terms and conditions set forth herein and in the Credit Agreement, to provide a portion of such Incremental Term Loans and to become, if not already, a Lender for all purposes under the Credit Agreement.

WHEREAS, the Borrowers wish to amend (the “Amendment”) the Credit Agreement with the consent of the Required Lenders in the manner set forth below in Section 5 to (i) reset the amount of Incremental Facilities potentially available to the Borrowers to the amount potentially available prior to the funding of the Incremental Term Loans contemplated hereby, (ii) modify the Leverage Ratio covenant contained in Section 6.11 of the Credit Agreement and (iii) make certain other amendments to the Credit Agreement as herein provided.

The parties hereto therefore agree as follows:

SECTION 1.  Defined Terms. Unless otherwise specifically defined herein, each term used herein that is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement.

SECTION 2.  Incremental Term Loans.  (a) Subject to and upon the terms and conditions set forth herein, each New Incremental Term Lender party hereto severally agrees to make, on the Incremental Facility Closing Date (as defined below), a single term loan (each, a “2011 Incremental Term Loan”) in dollars to the Parent Borrower in an amount equal to the commitment amount set forth next to such New Incremental Term Lender’s name in Schedule 1 hereto under the caption “2011 Incremental Term Loan Commitment”; provided that the 2011 Incremental Term Loans shall constitute the same Class of Term Loans under the Credit Agreement as the Term Loans made prior to the date hereof; provided, further, that on the Incremental Facility Closing Date (as defined below) the Parent Borrower shall pay an upfront fee to the Administrative Agent for the account of each New Incremental Term Lender equal to 0.30% of the aggregate principal amount of the commitments in respect of the 2011 Incremental Term Loans held by such New Incremental Term Lender as of the Incremental Facility Closing Date.  The 2011 Incremental Term Loans shall be “Loans”, “USD Term Loans”, “Term Loans” and “Incremental Term Loans” for all purposes of the Credit Agreement and the other Loan Documents.  The 2011 Incremental Term Loans may be repaid or prepaid in accordance with the provisions of the Credit Agreement and this Agreement, but once repaid or prepaid may not be reborrowed.

(b)           Use of Proceeds.  The 2011 Incremental Term Loans shall be used solely (i) to pay fees and expenses related to the establishment of the Incremental Term Loans, this Agreement and the Amendment, (ii) to finance the purchase or redemption in one or more transactions of securities of Charles River Laboratories International, Inc. held by its shareholders and (iii) for general corporate purposes of the Parent Borrower and its subsidiaries.

SECTION 3.  Applicable Margin.  The “Applicable Rate” for each 2011 Incremental Term Loan shall be as set forth in the definition of “Applicable Rate” in the Credit Agreement.

SECTION 4.  Repayment of 2011 Incremental Term Loans.  The Parent Borrower agrees to repay to the Administrative Agent, for the benefit of each Lender of 2011 Incremental Term Loans, the 2011 Incremental Loans in accordance with Section 2.03 of the Credit Agreement; provided that with regard to such 2011 Incremental Term Loans the “Installment” dates and corresponding “Applicable

 

  

  

  

 

 

Percentage” referenced in Section 2.03 of the Credit Agreement shall be as set forth below:

	
Installment

	 	
Applicable Percentage

	
March 31, 2011

	 	
1.25%

	
June 30, 2011

	 	
1.25%

	
September 30, 2011

	 	
2.50%

	
December 31, 2011

	 	
2.50%

	  	 	  
	
March 31, 2012

	 	
2.50%

	
June 30, 2012

	 	
2.50%

	
September 30, 2012

	 	
3.75%

	
December 31, 2012

	 	
3.75%

	  	 	  
	
March 31, 2013

	 	
3.75%

	
June 30, 2013

	 	
3.75%

	
September 30, 2013

	 	
5.00%

	
December 31, 2013

	 	
5.00%

	  	 	  
	
March 31, 2014

	 	
5.00%

	
June 30, 2014

	 	
5.00%

	
September 30, 2014

	 	
12.50%

	
December 31, 2014

	 	
12.50%

	  	 	  
	
March 31, 2015

	 	
12.50%

	
June 30, 2015

	 	
15.00%

SECTION 5.   Existing Required Lender Amendment.  Immediately prior to the making of the 2011 Incremental Term Loans, the Borrowers and the Required Lenders  (as defined under the Credit Agreement immediately prior to the effectiveness of this Agreement),  party hereto hereby agree to amend the Credit Agreement as follows:

(a)           Amendment of Incremental Amount Definition.  The definition of “Incremental Amount” contained in Section 1.01 of the Credit Agreement shall be amended to replace “$250,000,000” therein with “$400,000,000”.

(b)           Amendment of Section 6.04.  Section 6.04 of the Credit Agreement shall be amended by: (i) deleting the “and” at the end of clause (j), (ii) replacing the “.” at the end of clause (k) with “; and”, (iii) adding the phrase “minus the amount of investments in excess of $20,000,000 made in reliance on Section 6.04(l) below” immediately after “$100,000,000” in Section 6.04(i) and (iv) adding a new clause (l) to read as follows:

(l)  the Guaranty by Charles River Laboratories, Inc. of certain lease payment obligations of Charles River Clinical Services Northwest Inc. (“CRCSN”) (f/n/a Northwest Kinetics, Inc.) (or any successor lessee) under a lease dated April 1, 2005, as amended from time to time, by and between Pacific Avenue Professional Plaza, LLC and Outrigger Apartments, L.L.C. (together “Lessor”) and CRCSN; provided that to the extent the aggregate liability under such Guaranty exceeds $20,000,000 such excess shall be treated as an investment made in reliance on Section 6.04(i) above to the extent an investment in the amount of such excess would then be permitted under such Section 6.04(i).

(c)           Amendment of Section 6.11.  Section 6.11 of the Credit Agreement shall be amended and restated in its entirety to read as follows:

“Leverage Ratio.  The Consolidated Entities will not permit the Leverage Ratio as determined as of the end of each fiscal quarter of the Consolidated Entities to be greater than 4.00 to 1.00; provided that such ratio shall be (a) 3.50 to 1.00 with respect to the second and third fiscal quarters ending in 2012 and (b) 3.25 to 1.00 with respect to the fourth fiscal quarter ending in 2012 and each fiscal quarter thereafter.”

SECTION 6   Representations of the Borrowers. The Borrowers represent and warrant that:

  

  

  

 

(a)           each of the representations and warranties made by any Loan Party contained in the Credit Agreement or in the other Loan Documents is true and correct in all material respects (if not qualified as to materiality or Material Adverse Effect) or in any respect (if so qualified) on and as of the Incremental Facility Closing Date (as defined below) after giving effect hereto and to any extension of credit requested to be made on the Incremental Facility Closing Date with the same effect as though such representations and warranties had been made on and as of such date;

(b)           no Default or Event of Default has occurred and is continuing on and as of the Incremental Facility Closing Date after giving effect hereto and to any extension of credit requested to be made on the Incremental Facility Closing Date;

(c)           each Loan Party has the corporate power and authority, and the legal right, to make, deliver and perform this Agreement and the other Loan Documents as modified hereby. Each Loan Party has taken all necessary corporate or other action to authorize the execution, delivery and performance of this Agreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the execution, delivery, performance, validity or enforceability of this Agreement, except for such as have been obtained or made and are in full force and effect or to the extent failure to obtain such authorization or consent or to take such action could not reasonably be expected to result in a Material Adverse Effect.  This Agreement has been duly executed and delivered on behalf of each Loan Party.  This Agreement constitutes, and each other Loan Document as modified hereby constitutes, a legal, valid and binding obligation of each Loan Party that is a party hereto or thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law);

(d)           the execution, delivery and performance of this Agreement and the other Loan Documents as modified hereby (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect or those which the failure to obtain or make could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, (b) will not violate any applicable law or regulation or the charter, by-laws or other organizational documents of any Consolidated Entity or any order or decree of any Governmental Authority binding on or affecting any Consolidated Entity where such violation of such order or decree, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, (c) will not violate or result in a default under any indenture, agreement or other instrument binding upon any Consolidated Entity or any of its assets, or give rise to a right thereunder to require any payment to be made by any Consolidated Entity, where such violation or result, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, and (d) will not result in the creation or imposition of any Lien on any asset of any Consolidated Entity, except pursuant to the terms of any Loan Document; and

(e)           after giving effect to the Amendment and the 2011 Incremental Term Loans, the aggregate amount of the Incremental Term Loans and Incremental Revolving Commitment Increases does not exceed the amount of Incremental Term Loans and Incremental Revolving Credit Increases permitted under Section 2.24 of the Credit Agreement.

SECTION 7.  Conditions.  This Agreement shall become effective as of the first date (the “Incremental Facility Closing Date”) when each of the following conditions shall have been satisfied:

(a)           the Administrative Agent shall have received from the Required Lenders an executed counterpart hereof or other written confirmation (in form satisfactory to the Administrative Agent) that such party has signed a counterpart hereof;.

(b)           the Administrative Agent shall have received from the Borrowers and each other Loan Party, each New Incremental Term Lender and the Administrative Agent an executed counterpart hereof or other written confirmation (in form satisfactory to the Administrative Agent) that such party has signed a counterpart hereof;

(c)           each of the representations and warranties made by any Loan Party contained in Section 6 above shall be true and correct on and as of the Incremental Facility Closing Date after giving effect hereto and to any extension of credit requested to be made on the Incremental Facility Closing Date with the same effect as though such representations and warranties had been made on and as of such date;

(d)           the Parent Borrower and its Subsidiaries are in compliance with Sections 6.10 and 6.11 on a pro forma basis after giving effect to the 2011 Incremental Term Loans and the application of proceeds therefrom as if made and applied on the date hereof;

(e)           no Default or Event of Default shall have occurred and be continuing or shall result from the borrowing of the 2011 Incremental Term Loans;

  

  

  

 

(f)           the Administrative Agent shall have received a certificate, dated the Incremental Facility Closing Date and signed by the president or chief financial officer or treasurer of the parent Borrower, confirming the accuracy of the representations and warranties set forth in Section 6 above and confirming the satisfaction of the conditions in clause (e) above;

(g)           the Parent Borrower and its Subsidiaries shall be solvent on a consolidated basis after giving effect to the Borrowing of the 2011 Incremental Term Loans and the Administrative Agent shall have received a certificate from the chief financial officer or treasurer of the Parent Borrower, substantially in the form of the solvency certificate delivered by the Parent Borrower on the Closing Date (with such modifications as may be agreed between the Parent Borrower and the Administrative Agent);

(h)           the Administrative Agent shall have received, for the ratable benefit of each Lender (as defined under the Credit Agreement immediately prior to the effectiveness of this Agreement) that consents in a timely manner to the Amendment, a consent fee equal to 0.05% of (a) the outstanding principal amount of such Lender’s Term Loans immediately prior to the making of the 2011 Incremental Term Loans and (b) such Lender’s Revolving Commitment;

(i)           the Administrative Agent shall have received all fees and other amounts due and payable by the Borrowers on the Incremental Facility Closing Date, including, to the extent invoiced, reimbursement or payment of all reasonable out-of-pocket expenses required to be reimbursed or paid by the Borrowers (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent) under the Credit Agreement;

(j)           the Administrative Agent shall have received such certificates, resolutions or other documents of the Loan Parties as the Administrative Agent may reasonably require in connection herewith, including all documents and certificates it may reasonably request relating to (i) the organization, existence and good standing of each Loan Party, (ii) the corporate or other authority for and validity of this Agreement and (iii) the incumbency of the officers of each Loan Party executing this Agreement, and other matters relevant hereto, all in form and substance reasonably satisfactory to the Administrative Agent;

(k)           the Administrative Agent shall have received a written opinion of (i) Davis Polk & Wardwell LLP, counsel to the Parent Borrower and its Subsidiaries, (ii) David Johst, General Counsel for the Consolidated Entities and (iii) NautaDutilh N.V., special Dutch counsel, each dated the Incremental Facility Closing Date and in form and substance reasonably satisfactory to the Administrative Agent; the Borrowers hereby request such counsel to deliver such opinions;

(l)           the Administrative Agent shall have received, sufficiently in advance of the Incremental Facility Closing Date, all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the United States PATRIOT Act that has been reasonably requested by the Administrative Agent or the New Incremental Term Lenders a reasonable time in advance of the Incremental Facility Closing Date; and

(m)           the Administrative Agent shall have received a notice of borrowing with respect to the 2011 Incremental Term Loans meeting the requirements of Section 2.02 of the Credit Agreement.

SECTION 8.  Acknowledgment of New Incremental Term Lenders.  Each New Incremental Term Lender expressly acknowledges that neither any of the Administrative Agent, the Syndication Agent, the Co-Documentation Agents nor any Related Party of any of the foregoing (each an “Agent”) have made any representations or warranties to it and that no act by any Agent hereafter taken, including any review of the affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by any Agent to any New Incremental Term Lender.  Each New Incremental Term Lender represents to the Agents that it has, independently and without reliance upon any Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their affiliates and made its own decision to provide its 2011 Incremental Term Loans hereunder and enter into this Agreement.  Each New Incremental Term Lender also represents that it will, independently and without reliance upon any Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under the Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their affiliates. Each New Incremental Term Lender hereby (a) confirms that it has received a copy of the Credit Agreement and each other Loan Document and such other documents and information as it deems appropriate to make its decision to enter into this Agreement, (b) agrees that it shall be bound by the terms of the Credit Agreement as a Lender thereunder and that it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender, (c) irrevocably designates and appoints the Agents as the agents of such New Incremental Term Lender under the Credit Agreement and the other Loan Documents, and each New Incremental Term Lender irrevocably authorizes each Agent, in such capacity, to take such action on

  

  

  

 

its behalf under the provisions of the Credit Agreement and the other Loan Documents and to exercise such powers and perform such duties as are delegated to such Agent by the terms of the Credit Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto and (d) specifies as its lending office and address for notices the offices set forth on the administrative questionnaire provided by it to the Administrative Agent prior to the date hereof.

SECTION 9.  Governing Law.  This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York.

SECTION 10.  Confirmation of Guarantees and Security Interests.  By signing this Agreement, each Loan Party hereby confirms that (a) the obligations of the Loan Parties under the Credit Agreement as modified hereby (including with respect to the 2011 Incremental Term Loans contemplated by this Agreement) and the other Loan Documents (i) are entitled to the benefits of the guarantees and the security interests set forth or created in the Guarantee Agreement, the Security Documents and the other Loan Documents, (ii) constitute Obligations for purposes of the Credit Agreement, the Guarantee Agreement, the Security Agreement, the Pledge Agreement and all other Security Documents, (iii) notwithstanding the effectiveness of the terms hereof, the Guarantee Agreement, the Security Documents and the other Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects and (iv) each New Incremental Term Lender shall be a “Secured Party” and a “Lender” for all purposes of the Credit Agreement and the other Loan Documents.  Each Loan Party ratifies and confirms that all Liens granted, conveyed, or assigned to any Agent by such Person pursuant to each Loan Document to which it is a party remain in full force and effect, are not released or reduced, and continue to secure full payment and performance of the Obligations as increased hereby.

SECTION 11.  Credit Agreement Governs.  Except as set forth in this Agreement, the 2011 Incremental Term Loans shall be subject to the provisions of the Credit Agreement and the other Loan Documents that apply to “Loans”, “Term Loans”, “USD Term Loans” and “Incremental Term Loans” thereunder.  Delivery of an executed counterpart of a signature page to this Agreement by facsimile or electronic (i.e., “pdf” or “tif”) transmission shall be effective as delivery of a manually executed counterpart of this Agreement.

SECTION 12.  Counterparts.  This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

SECTION 13.  Miscellaneous.  This Agreement shall constitute a Loan Document for all purposes of the Credit Agreement and the other Loan Documents.  The Borrowers shall pay all reasonable out-of-pocket costs and expenses of the Administrative Agent incurred in connection with the negotiation, preparation and execution of this Agreement and the transactions contemplated hereby (including reasonable fees and expenses of Simpson Thacher & Bartlett LLP).  The provisions of this Agreement are deemed incorporated into the Credit Agreement as if fully set forth therein.  To the extent required by the Credit Agreement, the Borrowers and the Administrative Agent hereby consent to each New Incremental Term Lender that is not a Lender as of the date hereof becoming a Lender under the Credit Agreement on the Incremental Facility Closing Date.

  

  

  

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as the date first above written.

 

	 	
CHARLES RIVER LABORATORIES INTERNATIONAL, INC.

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Thomas F. Ackerman

	  
	 	  	Name: 	
Thomas F. Ackerman

	  
	 	  	Title: 	
Corporate Executive Vice President and Chief Financial Officer

	  

	 	
CHARLES RIVER NEDERLAND B.V.

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ R.H.W. Funnekotter

	  
	 	  	Name: 	
R.H.W. Funnekotter

	  
	 	  	

Title:

	
 

	  
	 	  	 	  	  

	 	
CHARLES RIVER LABORATORIES, INC.

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Thomas F. Ackerman

	  
	 	  	Name: 	
Thomas F. Ackerman

	  
	 	  	Title: 	
Corporate Executive Vice President and Chief Financial Officer

	  

	 	
CHARLES RIVER LABORATORIES, INC.

	  
	 	
MASSACHUSETTS BUSINESS TRUST

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Thomas F. Ackerman

	  
	 	  	Name: 	
Thomas F. Ackerman

	  
	 	  	Title:	
Trustee

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

	 	
JPMORGAN CHASE BANK, N.A., as Administrative Agent

	  
	 	 	  
	 	  	  
	 	
By:

	
/s/ D. Scott Farquhar

	  
	 	  	Name: 	
D. Scott Farquhar

	  
	 	  	Title:	
Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

	 	
NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
JPMORGAN CHASE BANK, N.A., as New Incremental Term Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ D. Scott Farquhar

	  
	 	  	Name: 	
D. Scott Farquhar

	  
	 	  	Title:	
Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

	 	
NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
BANK OF AMERICA, N.A.  as New Incremental Term Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Lori Jou Egan

	  
	 	  	Name: 	
Lori Jou Egan

	  
	 	  	Title:	
Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

	 	
NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
RBS CITIZENS, NATIONAL ASSOCIATION,  as New Incremental Term Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ R. Scott Haskell

	  
	 	  	Name:	
R. Scott Haskell

	  
	 	  	Title:	
Senior Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	
NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
SOCIETE GENERALE, as New Incremental Term Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Ambrish Thalawala

	  
	 	  	Name:	
Ambish Thalawala

	  
	 	  	Title:	
Managing Director

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	
 NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as New Incremental Term Lender

	  
	 	 	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Scott Santa Cruz

	  
	 	  	Name:	
Scott Santa Cruz

	  
	 	  	Title:	
Director

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	
 NEW INCREMENTAL TERM LENDER

	 	  
	 	
Sumitomo Mitsui Banking Corp., as New Incremental Lender

	 	  	  
	 	  	  
	 	
By:

	
/s/ Yasuhiko Imai

	  
	 	  	Name:	
Yasuhiko Imai

	  
	 	  	Title: 	
Group Head

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	
NEW INCREMENTAL TERM LENDER

	 	  
	 	
SUNTRUST BANK, as New Incremental Term Lender

	 	  	  
	 	  	  
	 	
By:

	
/s/ Dana Dhaliwal

	  
	 	  	Name: 	
Dana Dhaliwal

	  
	 	  	Title:	
Director

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

	 	
NEW INCREMENTAL TERM LENDER

	 	  
	 	
TD BANK, N.A., as New Incremental Term Lender

	 	  	  
	 	  	  
	 	
By:

	
/s/ Jeremiah Hynes

	  
	 	  	Name:	
Jeremiah Hynes

	  
	 	  	Title:	
Managing Director

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	
NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
MIZUHO CORPORATE BANK, LTD., as New Incremental Term Lender

	  
	 	 	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Bertram H. Tang

	  
	 	  	Name:	
Bertram H. Tang

	  
	 	  	Title:	
Authorized Signatory

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	
NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
KEYBANK NATIONAL ASSOCIATION, as New Incremental Term Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Sukanya V. Raj

	  
	 	  	Name:	
Sukanya V. Raj

	  
	 	  	Title:	
Vice President & Portfolio Manager

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	
NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
DnB NOR Bank, ASA, as New Incremental Term Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Geshu Sugandh

	  
	 	  	Name:	
Geshu Sugandh

	  
	 	  	Title:	
Vice President

	  

 

	 	
By:

	
/s/ Phil Kurpiewski

	  
	 	  	Name:	
Phil Kurpiewski

	  
	 	  	Title:	
Senior Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	
NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
The Huntington National Bank,  as New Incremental Term Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Chad A. Lowe

	  
	 	  	Name:	
Chad A. Lowe

	  
	 	  	Title:	
Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	
NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
COMERCIA BANK,  as New Incremental Term Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Chris Rice

	  
	 	  	Name:	
Chris Rice

	  
	 	  	Title:	
Assistant Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	
NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
THE NORTHERN TRUST COMPANY,  as New Incremental Term Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Tamara M. Dowd

	  
	 	  	Name:	
Tamara M. Dowd

	  
	 	  	Title:	
Vice-President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

	 	
NEW INCREMENTAL TERM LENDER

	  
	 	  	  
	 	
PEOPLE’S UNITED BANK,  as New Incremental Term Lender

	  
	 	 	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Matthew G. Modish

	  
	 	  	Name:	
Matthew G. Modish

	  
	 	  	Title:	
Senior Vice-President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
JPMORGAN CHASE BANK,  as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ D. Scott Farquhar

	  
	 	  	Name:	
D. Scott Farquhar

	  
	 	  	Title:	
Vice-President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
BANK OF AMERICA, N.A.,  as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Lori Jou Egan

	  
	 	  	Name:	
D. Scott Farquhar

	  
	 	  	Title:	
Vice-President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
RBS CITIZENS, NATIONAL ASSOCIATION,  as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ R. Scott Haskell

	  
	 	  	Name:	
R. Scott Haskell

	  
	 	  	Title:	
Senior Vice-President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
Societe Generale  as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Ambrish Thanawala

	  
	 	  	Name:	
Ambrish Thanawala

	  
	 	  	Title:	
Managing Director

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
SUMITOMO MITSUI BANKING CORP, as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Yasuhiko Imai

	  
	 	  	Name:	
Yasuhiko Imai

	  
	 	  	Title:	
Group Head

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
SunTrust Bank, as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Dana Dhaliwal

	  
	 	  	Name:	
Dana Dhaliwal

	  
	 	  	Title:	
Director

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
TD Bank, NA, as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Jeremiah Hynes

	  
	 	  	Name:	
Jeremiah Hynes

	  
	 	  	Title:	
Managing Director

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
Mizuho Corporate Bank, as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Bertram H. Tang

	  
	 	  	Name:	
Bertram H. Tang

	  
	 	  	Title:	
Authorized Signatory

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
U.S. Bank, National Association as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Jennifer Hwang

	  
	 	  	Name:	
Jennifer Hwang

	  
	 	  	Title:	
Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
KEYBANK NATIONAL ASSOCIATION, as a Required Lender

	  
	 	 	  
	 	  	  
	 	
By:

	
/s/ Sukanya V. Raj

	  
	 	  	Name:	
Sukanya V. Raj

	  
	 	  	Title:	
Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
DnB NOR Bank, ASA as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Geshu Sugandh

	  
	 	  	Name:	
Sukanya V. Raj

	  
	 	  	Title:	
Vice President

	  

	 	
By:

	
/s/ Phil Kurpiewski

	  
	 	  	Name:	
Phil Kurpiewski

	  
	 	  	Title:	
Senior Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
The Huntington National Bank as a Required Lender

	  
	 	 	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Chad A. Lowe

	  
	 	  	Name:	
Chad A. Lowe

	  
	 	  	Title:	
Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
SOVEREIGN BANK as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Karen Ng

	  
	 	  	Name:	
Karen Ng

	  
	 	  	Title:	
Senior Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
COMERCIA BANK, as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Chris Rice

	  
	 	  	Name:	
Chris Rice

	  
	 	  	Title:	
Assistant Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
FIFTH THIRD BANK, as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Joshua N. Livingston

	  
	 	  	Name:	
Joshua N. Livingston

	  
	 	  	Title:	
Officer

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
RAYMOND JAMES BANK, FSB as a Required Lender

	
,

	 	  	  
	 	  	  
	 	
By:

	
/s/ Scott G. Axelrod

	  
	 	  	Name:	
Scott G. Axelrod

	  
	 	  	Title:	
Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
People’s United Bank as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Matthew G. Modish

	  
	 	  	Name: 	
Matthew G. Modish

	  
	 	  	Title:   	
Senior Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

  

  

  

 

 

	 	REQUIRED LENDER CONSENT	 
	 	 	 
	 	
The Northern Trust Company, as a Required Lender

	  
	 	  	  
	 	  	  
	 	
By:

	
/s/ Tamara M. Dowd

	  
	 	  	Name:	
Tamara M. Dowd

	  
	 	  	Title:	
Vice President

	  

[CRL INCREMENTAL SIGNATURE PAGE]

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