Document:

EX-10.3

Exhibit 10.3

FORM OF CONSENT

     I,                     , hereby do consent to the adoption of the amendments to the “Benefit Plans” as
defined in and as described in the attached “Resolution and Amendment” adopted at the October 28,
2008 meeting of the Board of Directors, as and to the extent, and for the period, required by the
provisions of Section 111 of the Emergency Economic Stabilization Act of 2008 (“EESA”) applicable
to participants in the Capital Purchase Program under EESA and the regulation issued by the
Department of the Treasury as published in the Federal Register on October 20, 2008.

	 	 	 
	 

	 	Agreed to and acknowledged
	 

	 	as of the 12th day of December, 2008:
	 
	 	 
	 
	 	 
	 

	 	 

 

 

Citizens Republic Bancorp, Inc.

Meeting of the Board of Directors

October 28, 2008

Action: Amend Benefit Plans to Comply with Emergency Economic Stabilization Act

     WHEREAS Citizens Republic Bancorp, Inc. (the “Company”) currently intends on entering into a
Securities Purchase Agreement with the United States Department of Treasury (the “Agreement”) as
part of the Capital Purchase Program under the Emergency Economic Stabilization Act of 2008
(“EESA”); and

     WHEREAS pursuant to Section 1.2(d)(iv) of the Agreement, the Company is required to amend its
“Benefit Plans” with respect to its “Senior Executive Officers” (as such terms are defined in the
Agreement) to the extent necessary to comply with Section 111 of EESA; and

     WHEREAS the applicable “Benefit Plans” are the plans in which any Senior Executive Officer
participates, or is eligible to participate, and the agreements to which any Senior Executive
Officer is a party, that either: (i) provide for incentive or bonus compensation based on the
achievement of performance goals tied to or affected by the Company’s financial results (“Financial
Performance Plans”) or (ii) provide for payments or benefits upon an “applicable severance from
employment” within the meaning of EESA (“Involuntary Separation Pay Arrangements”);

     RESOLVED that each Financial Performance Plan and Involuntary Separation Pay Arrangement is
hereby amended effective as of the date of entry into the Agreement as follows:

     1. Compliance With Section 111 of EESA. Each Financial Performance Plan and
Involuntary Separation Pay Arrangement is hereby amended by adding the following provision as a
final section to such arrangement:

“Compliance With Section 111 of EESA. Solely to the extent, and for the
period, required by the provisions of Section 111 of the Emergency Economic
Stabilization Act of 2008 (“EESA”) applicable to participants in the Capital
Purchase Program under EESA and the regulation issued by the Department of the
Treasury as published in the Federal Register on October 20, 2008: (a) each “Senior
Executive Officer” within the meaning of Section 111 of EESA and the regulation
issued by the Department of the Treasury as published in the Federal Register on
October 20, 2008 who participates in this plan or is a party to this agreement shall
be ineligible to receive compensation hereunder to the extent that the Board of
Directors or Compensation and Human Resources Committee of the Board of Directors of
the Company determines this plan or agreement includes incentives for the Senior
Executive Officer to take unnecessary and excessive risks that threaten the value of
the financial institution; (b) each Senior Executive Officer who participates in
this plan or is a party to this agreement shall be required to forfeit any bonus or
incentive compensation paid to the Senior

 

 

Executive Officer hereunder during the period that the Department of the Treasury
holds a debt or equity position in the Company based on statements of earnings,
gains, or other criteria that are later proven to be materially inaccurate; and (c)
the Company shall be prohibited from making to each Senior Executive Officer who
participates in this plan or is a party to this agreement, and each such Senior
Executive Officer shall be ineligible to receive hereunder, any “golden parachute
payment” in connection with the Senior Executive Officer’s “applicable severance
from employment,” in each case, within the meaning of Section 111 of EESA and the
regulation issued by the Department of the Treasury as published in the Federal
Register on October 20, 2008.”

     2. Continuation of Affected Plans. Except as expressly or by necessary implication
amended hereby, each Financial Performance Plan and Involuntary Separation Pay Arrangement shall
continue in full force and effect.EX-10.1

Exhibit 10.1

FIFTH AMENDMENT

TO

CREDIT AGREEMENT

          THIS FIFTH AMENDMENT TO CREDIT AGREEMENT (the “Agreement”) is being executed and
delivered as of December [10], 2008 by and among CBIZ, Inc., a Delaware corporation (the
“Company”), the “Guarantors” as defined in the Credit Agreement, the several financial
institutions from time to time party to the Credit Agreement referred to and defined below
(collectively, the “Lenders”), and Bank of America, N.A. (“Bank of America”), as
administrative agent for the Lenders (in such capacity, the “Agent”). Undefined
capitalized terms used herein shall have the meanings ascribed to such terms in such Credit
Agreement as defined below, and section references used herein, shall, unless otherwise specified,
refer to sections of such Credit Agreement as defined below.

WITNESSETH:

          WHEREAS, the Company, the Lenders and the Agent have entered into that certain Credit
Agreement dated as of February 13, 2006 (as heretofore amended, restated, supplemented or otherwise
modified, the “Credit Agreement”), pursuant to which, among other things, the Lenders have
agreed to provide, subject to the terms and conditions contained therein, certain loans and other
financial accommodations to or for the benefit of the Company;

          WHEREAS, in connection with the Credit Agreement, the Guarantors have each executed and
delivered in favor of the Agent and the Lenders a certain Guaranty pursuant to which the Guarantors
have guaranteed the Company’s obligations under the Credit Agreement;

          WHEREAS, the Company desires to increase the Revolving Loan Commitment (as defined in the
Credit Agreement) and has requested that the Lenders agree, and subject to the terms and conditions
set forth herein, the Lenders have agreed, to such increase and to amend the Credit Agreement in
certain other respects as hereinafter set forth.

          NOW, THEREFORE, in consideration of the foregoing premises, the terms and conditions stated
herein and other valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by the Company, the Guarantors, the Majority Lenders and the Agent, such parties
hereby agree as follows:

          1. Amendment. Subject to the satisfaction of the conditions set forth in
Paragraph 4 of this Agreement, the Credit Agreement is hereby amended as follows (unless
otherwise specified, section references used in this section shall refer to such sections of the
Credit Agreement):

          (a) Section 1.01 is amended by adding each of the following defined terms in appropriate
alphabetical order:

 

 

     “Adequate Security” means Cash Collateral or a Lien provided by the Company, a
Defaulting Lender or an Impacted Lender to the Issuing Bank or the Swing Line Bank with
respect to the Pro Rata Share of the applicable Swing Line Loan or Letter of Credit, as
applicable, of such Defaulted Lender or Impacted Lender, which the Issuing Bank or the Swing
Line Bank, as applicable, deems sufficient in its sole discretion.

     “Commitment Increase Notice” has the meaning set forth in Section
2.01(c).

     “Effective Commitment Amount” has the meaning set forth in Section
2.01(c).

     “Eurodollar Unavailability Period” means any period of time during which a
notice delivered to the Company in accordance with Section 4.05(a) shall remain in
force and effect.

     “Fifth Amendment” means that certain Fifth Amendment to this Agreement, dated
as of December [10], 2008.

     “Impacted Lender” means a Lender either (a) as to which the Issuing Bank or the
Swing Line Bank, as applicable, has a good faith belief that such Lender has defaulted in
fulfilling its obligations under one or more other syndicated credit facilities or (b) which
is controlled by an entity which has been deemed insolvent or become subject to a bankruptcy
or other similar proceeding. For the purposes of this definition, a Person shall be deemed
to control another Person if the controlling Person possesses, directly or indirectly, the
power to direct or cause the direction of the management and policies of the other Person,
whether through the ownership of voting securities, membership interests, by contract, or
otherwise.

     “Lender Increase Notice” has the meaning set forth in Section 2.01(c).

     “Market Disruption Spread” means zero unless a notice delivered pursuant to
Section 4.05(b) is in effect, in which case, such spread shall be a rate per annum
equal to 1.00%.

     “Non-Ratable Loan(s)” has the meaning set forth in Section 2.06.

     “OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets
Control, and any successor thereto.

     “Proposed New Lender” has the meaning set forth in Section 2.01(c).

          (b) The definition of the term “Applicable Margin” appearing in Section 1.01 is
amended by deleting the table set forth therein and replacing it with the following table:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Revolving Loans/ Letters of Credit	 	Fees
	Total Leverage	 	Base	 	Eurodollar	 	Letter of	 	Commitment
	Ratio	 	Rate	 	Rate	 	Credit Fees	 	Fee
	> 4.00:1.00	 	 	2.000	%	 	 	3.000	%	 	 	3.000	%	 	 	0.500	%
	> 3.00:1.00, but < 4.00:1.00
	 	 	1.750	%	 	 	2.750	%	 	 	2.750	%	 	 	0.500	%

2

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Revolving Loans/ Letters of Credit	 	Fees
	Total Leverage	 	Base	 	Eurodollar	 	Letter of	 	Commitment
	Ratio	 	Rate	 	Rate	 	Credit Fees	 	Fee
	> 2.00:1.00, but < 3.00:1.00	 	 	1.500	%	 	 	2.500	%	 	 	2.500	%	 	 	0.500	%
	> 1.00:1.00, but < 2.00:1.00	 	 	1.250	%	 	 	2.250	%	 	 	2.250	%	 	 	0.450	%
	< 1.00:1.00	 	 	1.000	%	 	 	2.000	%	 	 	2.000	%	 	 	0.400	%

          (c) The proviso in the definition of the term “Applicable Margin” appearing in Section
1.01 is amended by re-numbering clause (ii) as clause (iii) and by inserting the following in the
place of the word “and” appearing immediately after clause (i) thereof:

     “ (ii) for the period from the date on which the Fifth Amendment shall have become
effective to and including the date of the delivery of the Compliance Certificate for the
fiscal year ending December 31, 2008, the Applicable Margin shall be determined as if the
Total Leverage Ratio for such period were greater than or equal to 2.00:1.00 but less than
3.00:1.00, and”

          (d) The definition of the term “Base Rate” appearing in Section 1.01 is amended and
restated in its entirety as follows:

     “Base Rate” means, for any day, the sum of (a) the highest of (i) the rate of
interest in effect for such days as publicly announced from time to time by Bank of America
as its “prime rate”, (ii) the latest Federal Funds Rate for such day plus 0.50% per
annum and (iii) except during the Eurodollar Unavailability Period, the sum of (X) the
Eurodollar Rate in effect for such day for a one-month Interest Period commencing on such
day plus (Y) 1.00% per annum plus (b) the Market Disruption Spread, if any.
The “prime rate” is a rate set by Bank of America based upon various factors including Bank
of America’s costs and desired return, general economic conditions and other factors, and is
used as a reference point for pricing some loans, which may be priced at, above or below
such announced rate. Any change in the prime rate announced by Bank of America shall take
effect at the opening of business on the day specified in the public announcement of such
change.

          (e) The definition of the term “Cash Collateralize” appearing in Section 1.01 is
amended and restated in its entirety as follows:

     “Cash Collateralize” means to pledge and deposit with or deliver to the Agent,
for the benefit of the Agent, the Lenders and the Swingline Bank or the Issuing Bank, as
applicable, as collateral for the L/C Obligations or with respect a Defaulting Lender or
Impacted Lender, cash or deposit account balances pursuant to documentation in form and
substance satisfactory to the Agent and the Swingline Bank or the Issuing Bank, as
applicable (which documents are hereby consented to by the Lenders) and “Cash
Collateral” means cash or deposit account balances so pledged and deposited.

          (f) The definition of the term “Convertible Debt” appearing in Section 1.01 is amended
and restated in its entirety as follows:

3

 

     “Convertible Debt” means Indebtedness in an aggregate principal amount of up to
$100,000,000 issued pursuant to the Indenture or any agreement or instrument governing a
refinancing or a replacement thereof; provided that such refinancing or replacement
agreement or instrument shall include subordination provisions substantially similar to
those of the Indenture, shall not have a maturity date or any mandatory redemptions or
similar obligations scheduled to occur prior to the Revolving Termination Date and shall
contain covenants and defaults that are no more onerous to the Company than those set forth
in the Indenture as determined by the Agent in its sole discretion.

          (g) The definition of the term “Eurodollar Rate” appearing in Section 1.01 is amended
and restated in its entirety as follows:

          “Eurodollar Rate” means:

(I) For any Interest Period with respect to a Eurodollar Rate Loan, the sum of (i) the rate
per annum equal to (A) the British Bankers Association LIBOR Rate (“BBA LIBOR”), as
published by Reuters (or other commercially available source providing quotations of BBA
LIBOR as designated by the Agent from time to time) at approximately 11:00 a.m., London
time, two Business Days prior to the commencement of such Interest Period, for Dollar
deposits (for delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period or (B) if such rate is not available at such time for any reason from
such sources, the rate per annum determined by the Agent to be the rate at which deposits in
Dollars for delivery on the first day of such Interest Period in same day funds in the
approximate amount of the Eurodollar Rate Loan being made, continued or converted by Bank of
America and with a term equivalent to such Interest Period would be offered by Bank of
America’s London Branch to major banks in the London interbank eurodollar market at their
request at approximately 4:00 p.m. (London time) two Business Days prior to the commencement
of such Interest Period plus (ii) the Market Disruption Spread, if any, as of the
time of determination.

(II) For any interest rate calculation with respect to a Base Rate Loan, the rate per annum
equal to (i) the closing quotation of BBA LIBOR for the next preceding London Business Day
for Dollar deposits being delivered in the London interbank market for a term of one month
commencing such day or (ii) if such published rate is not available at such time for any
reason, the rate determined by the Administrative Agent to be the rate at which deposits in
Dollars for delivery on the date of determination in same day funds in the approximate
amount of the Base Rate Loan being made, continued or converted by Bank of America and with
a term equal to one month would be offered by Bank of America’s London Branch to major banks
in the London interbank Eurodollar market at their request at the date of determination.

          (h) The definition of the term “Federal Funds Rate” appearing in Section 1.01 is
amended and restated in its entirety as follows:

     “Federal Funds Rate” means, for any day, the rate per annum equal to the
weighted average of the rates on overnight Federal funds transactions with members of the
Federal Reserve System arranged by Federal funds brokers on such day, as published by the
Federal Reserve Bank of New York on the Business Day next succeeding such

4

 

day; provided that (a) if such day is not a Business Day, the Federal Funds
Rate for such day shall be such rate on such transactions on the next preceding Business Day
as so published on the next succeeding Business Day, and (b) if no such rate is so published
on such next succeeding Business Day, the Federal Funds Rate for such day shall be the
average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to
Bank of America on such day on such transactions as determined by the Administrative Agent.

          (i) The definition of the term “Indenture” appearing in Section 1.01 is amended and
restated in its entirety as follows:

     “Indenture” means that certain Indenture, dated as of May 30, 2006, executed
and delivered by the Company pursuant to which the Company issued puttable cash pay
convertible debt in an original principal amount of $100,000,000.

          (j) The defined term “Swing Line Loan Commitment” is replaced with the term “Swing Line Loan
Maximum Amount” (but the definition of such term in Section 1.01 remains unchanged) and all
references to “Swing Line Loan Commitment” are deleted and replaced with the term “Swing Line Loan
Maximum Amount”.

          (k) The definition of the term “Swing Line Termination Date” appearing in Section 1.01
is amended and restated in its entirety as follows:

          “Swing Line Termination Date” means the earlier to occur of:

          (a) November 16, 2012; and

          (b) the Revolving Termination Date.

          (l) Section 2.01(a) is amended by deleting the reference to “Section 10.08” in the
first sentence thereof and replacing it with a reference to “Section 11.08”.

          (m) Section 2.01(b) is amended by inserting the following sentence at the end thereof:

     “Notwithstanding any provision contained herein to the contrary, the agreement of the Swing
Line Bank to make Swing Line Loans hereunder is solely on a discretionary (which may include the
requirement by the Swing Line Bank that it receive Adequate Security) and uncommitted basis and the
Swing Line Bank may terminate or suspend the making of Swing Line Loans at any time in its sole
discretion upon notice thereof to the Company, which notice may be given by the Swing Line Bank
before or after the request by the Company of a Swing Line Loan hereunder.”

          (n) Section 2.01 is amended by inserting the following immediately after clause (b) thereof as
new clause (c): 

          “(c) Increase of Revolving Loan Commitment. (i) Provided that no Event of Default
has occurred and is then continuing, the Company may at any time request (in consultation with the
Agent) that the aggregate Revolving Loan Commitment be increased in a

5

 

minimum amount equal to, and in minimum increments of, $1,000,000, provided that, (A)
the aggregate Revolving Loan Commitment shall at no time exceed $250,000,000, (B) the Company shall
not previously have reduced the aggregate Revolving Loan Commitment and (C) the Company may make a
maximum of three (3) such requests. Such request shall be made in a written notice given to the
Agent and the Lenders by the Company not less than twenty (20) Business Days prior to the proposed
effective date of such increase, which notice (a “Commitment Increase Notice”) shall
specify the amount of the proposed increase in the aggregate Revolving Loan Commitment and the
proposed effective date of such increase. In the event of such a Commitment Increase Notice, each
of the Lenders shall be given the opportunity to participate in the requested increase. No Lender
shall have any obligation to increase its Commitment pursuant to a Commitment Increase Notice. On
or prior to the date that is fifteen (15) Business Days (or such other period of time specified by
the Company, in consultation with the Agent, in the Commitment Increase Notice, which shall in no
event be less than ten (10) Business Days) after receipt of the Commitment Increase Notice, each
Lender shall submit to the Agent a notice indicating the maximum amount by which it is willing to
increase its Commitment in connection with such Commitment Increase Notice (any such notice to the
Agent being herein a “Lender Increase Notice”). Any Lender which does not submit a Lender
Increase Notice to the Agent prior to the expiration of such fifteen (15) Business Day period shall
be deemed to have denied any increase in its Commitment. In the event that the increases of
Commitments set forth in the Lender Increase Notices exceed the amount requested by the Company in
the Commitment Increase Notice, the Agent and the Arranger shall have the right, in consultation
with the Company, to allocate the amount of increases necessary to meet the Company’s Commitment
Increase Notice. In the event that the Revolving Loan Commitment increases agreed to in the Lender
Increase Notices are in the aggregate less than the amount requested by the Company, not later than
three (3) Business Days prior to the proposed effective date the Company may notify the Agent of
any financial institution that shall have agreed to become a “Lender” party hereto (a “Proposed
New Lender”) in connection with the Commitment Increase Notice. Any Proposed New Lender shall
be subject to the consent of the Agent (which consent shall not be unreasonably withheld). If the
Company shall not have arranged any Proposed New Lender(s) to commit to the shortfall from the
Lender Increase Notices, then the Company shall be deemed to have reduced the amount of its
Commitment Increase Notice to the aggregate amount set forth in the Lender Increase Notices.
Based upon the Lender Increase Notices, any allocations made in connection therewith and any notice
regarding any Proposed New Lender, if applicable, the Agent shall notify the Company and the
Lenders on or before the Business Day immediately prior to the proposed effective date of the
amount of each Lender’s and Proposed New Lenders’ Commitment (the “Effective Commitment
Amount”) and the amount of the increased aggregate Revolving Loan Commitment, which amount
shall be effective on the following Business Day. Any increase in the aggregate Revolving Loan
Commitment shall be subject to the following conditions precedent: (1) the Company shall have
obtained from each Subsidiary party to a Loan Document its reaffirmation of such Loan Documents, if
any, executed by it, which consent and reaffirmation shall be in writing and in form and substance
reasonably satisfactory to the Agent, (2) as of the date of the Commitment Increase Notice and as
of the proposed effective date of the increase in the aggregate Revolving Loan Commitment, all
representations and warranties shall be true and correct in all material respects as though made on
such date (except to the extent such representation or warranties expressly refer to an earlier
date, in which case they shall be true and correct as of such earlier date) and no event shall have
occurred and then be continuing which constitutes a Default or

6

 

Event of Default, (3) the Company, the Agent and each Proposed New Lender or Lender that shall
have agreed to provide a “Commitment” in support of such increase in the aggregate Revolving Loan
Commitment shall have executed and delivered a “Commitment and Acceptance” substantially in
the form of Exhibit G hereto, (4) counsel for the Company and for any such guarantors shall
have provided to the Agent supplemental opinions in form and substance reasonably satisfactory to
the Agent and (5) the Company and the Proposed New Lender shall otherwise have executed and
delivered such other instruments and documents as are consistent with those required under
Article V or that the Agent shall have reasonably requested in connection with such
increase. If any fee shall be charged by the Buying Lenders (as defined below) in connection with
any such increase, such fee shall be in accordance with then prevailing market conditions, which
market conditions shall have been reasonably documented by the Agent to the Company. Upon
satisfaction of the conditions precedent to any increase in the aggregate Revolving Loan
Commitment, the Agent shall promptly advise the Company and each Lender of the effective date of
such increase. Upon the effective date of any increase in the aggregate Revolving Loan Commitment
that is provided by a Proposed New Lender, such Proposed New Lender shall be a party to this
Agreement as a Lender and shall have the rights and obligations of a Lender hereunder. Nothing
contained herein shall constitute, or otherwise be deemed to be, a commitment on the part of any
Lender to increase its Commitment hereunder at any time.

               (ii) The Company shall prepay any Revolving Loans outstanding on the effective date of any
increase in the Revolving Loan Commitments pursuant to the foregoing clause (i) to the extent
necessary to keep the outstanding Revolving Loans ratable with the resulting Pro Rata Shares
arising from any nonratable increase in the Revolving Loan Commitments under this Section
2.01(c). The Company hereby agrees to compensate each Lender for all losses, expenses and
liabilities incurred by each Lender in connection with the prepayment of any Eurodollar Rate Loan
hereunder on the terms and in the manner as set forth in Section 4.04.”

          (o) Section 2.03(a)(iii) is amended by replacing the time “2:00 p.m.” with the time “12:00
noon” in the first sentence thereof.

          (p) Section 2.03(b)(i) is amended by inserting the following phrase in the place of the phrase
“The Company may borrow” in the first sentence thereof: “Subject to Section 2.01(b), the
Company may borrow”.

          (q) Section 2.06 is amended by inserting the following phrase at the end of the first sentence
thereof:

     “; provided that if due to a Defaulting Lender’s failure to fund any requested
Borrowing, Loans are made not in accordance with the Lenders’ respective Pro Rata Shares (each such
Loan, a “Non-Ratable Loan”) then such prepayment shall be applied first to Non-Ratable
Loans then in the order that the Company may specify”

          (r) Section 2.07(c) is amended by inserting the following phrase at the end of the first
sentence thereof:

7

 

     “; provided that if due to a Defaulting Lender’s failure to fund any requested
Borrowing, there are Non-Ratable Loans outstanding at the time of any prepayment, such prepayment
shall be applied first to Non-Ratable Loans and then in accordance with the foregoing order”

          (s) Section 2.10(b) is amended by inserting the following sentence immediately after the last
sentence thereof:

     “Notwithstanding any provision contained herein to the contrary, no Commitment Fee shall be
due to any Defaulting Lender with respect to, and no Commitment Fee shall accrue with respect to
such Defaulting Lender’s Revolving Loan Commitment during, any period commencing on the failure of
such Defaulting Lender to fund a requested Borrowing and ending on, but excluding, the date on
which such Defaulting Lender has funded its Pro Rata Share of all Borrowings requested hereunder,
it being understood that no Lender shall be entitled to a retroactive
payment of any Commitment Fee which it has not received in accordance with this sentence.”

          (t) Article II is amended by inserting the following as new Section 2.15 at the end thereof:

     “ 2.15 Cash Collateral; Adequate Security.

          (a) The Company hereby grants to the Agent, for the benefit of the Agent, the Lenders and the
Swingline Bank or the Issuing Bank, as applicable, a security interest in all Cash Collateral
provided in accordance with Section 3.07 or constituting Adequate Security. All Cash
Collateral shall be maintained in blocked deposit accounts at Bank of America. Interest income
earned on Cash Collateral constituting Adequate Security shall be for the account of the Company
and shall be paid to the Company at reasonable intervals upon written request therefor.

          (b) Upon the written request of the Company, (i) the Swing Line Bank shall return or release
any Adequate Security provided with respect to any Swing Line Loan which has been paid in full and
(ii) the Issuing Bank shall return or release any Adequate Security provided with respect to any
Letter of Credit which has expired on its terms or been returned for cancellation.

          (c) With respect to any Cash Collateral provided by the Company as Adequate Security in
connection with a Swingline Loan, the relevant Defaulting Lender or Impacted Lender shall pay to
the Company the amount of the Company’s “negative carry” with respect to such Cash Collateral which
the parties hereto agree shall be equal to interest accruing at a rate equal to the Base Rate plus
the Applicable Margin on the amount of such Cash Collateral during the period it was provided to
the Swingline Bank less any interest income earned on such Cash Collateral.”

          (u) Section 3.01(b) is amended by (1) deleting the word “or” at the end of clause (iv)
thereof, (2) deleting the period (“.”) at the end of clause (v) thereof and replacing it with “;
or” and (3) by inserting the following as new clause (vi) after clause (v) thereof:

     “ (vi) a default of any Lender’s obligations to fund under Section 3.03 exists
or any Lender is at such time a Defaulting Lender or an Impacted Lender

8

 

hereunder, unless the Issuing Bank shall have received Adequate Security to eliminate
the Issuing Bank’s risk with respect to such Lender.”

          (v) Clauses (a) and (b) of Section 4.02 are amended and restated in their entireties as
follows:

          “ (a) If any Lender determines that the introduction of any Requirement of Law or any change
in any Requirement of Law, or in the interpretation or administration of any Requirement of Law,
has made it unlawful, or that any central bank or other Governmental Authority has asserted that it
is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurodollar
Rate Loans, or to determine or charge interest rates based upon the Eurodollar Rate, or any
Governmental Authority has imposed material restrictions on the authority of such Lender to
purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice
thereof by such Lender to the Company through the Agent, any obligation of such Lender to make or
continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans or, if such
notice relates to the unlawfulness or asserted unlawfulness of charging interest based on the
Eurodollar Rate, to make Base Rate Loans as to which the interest rate is determined with reference
to the Eurodollar Rate shall be suspended until such Lender notifies the Agent and the Company that
the circumstances giving rise to such determination no longer exist.

          (b) Upon receipt of a notice from any Lender in accordance with the foregoing clause (a), the
Company shall, upon demand from such Lender (with a copy to the Agent), prepay or, if applicable,
convert all Eurodollar Rate Loans of such Lender and Base Rate Loans as to which the interest rate
is determined with reference to the Eurodollar Rate to Base Rate Loans as to which the rate of
interest is not determined with reference to the Eurodollar Rate, either on the last day of the
Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate
Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such
Eurodollar Rate Loans or Base Rate Loan. Notwithstanding the foregoing and despite the illegality
for such a Lender to make, maintain or fund Eurodollar Rate Loans or Base Rate Loans as to which
the interest rate is determined with reference to the Eurodollar Rate, that Lender shall remain
committed to make Base Rate Loans and shall be entitled to recover interest with reference to the
Base Rate. Upon any such prepayment or conversion, the Company shall also pay accrued interest on
the amount so prepaid or converted and amounts required under Section 4.04.”

          (w) Section 4.04(vi) is amended and restated in its entirety as follows:

          “(vi) any Buying Lender, in accordance with the Fifth Amendment, is deemed to have purchased a
Eurodollar Rate Loan bearing interest at a rate which is less than the prevailing rate of interest
on Eurodollar Rate Loans at the time of purchase; or”

          (x) Section 4.04(vii) is amended and restated in its entirety as follows:

          “(vii) (A) any Lender, in accordance with Section 2.01(c) is repaid with respect to,
or (B) any Selling Lender, in accordance with the Fifth Amendment, sells a Eurodollar Rate Loan
bearing interest at a rate which is higher than the prevailing rate of interest on Eurodollar Rate
Loans at the time of sale;”

9

 

          (y) Section 4.05 is amended and restated in its entirety as follows:

     “ 4.05 Inability to Determine Rates; Market Disruption.

          (a) If the Majority Lenders determine that for any reason in connection with any request for a
Loan or a conversion to or continuation thereof that (i) Dollar deposits are not being offered to
banks in the London interbank eurodollar market for the applicable amount and Interest Period of
such Loan, (ii) adequate and reasonable means do not exist for determining the Eurodollar Rate for
any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with
a Base Rate Loan, or (iii) the Eurodollar Rate for any requested Interest Period with respect to a
proposed Eurodollar Rate Loan or in connection with a Eurodollar Rate Loan does not adequately and
fairly reflect the cost to such Lenders of funding such Loan, the Agent will promptly so notify the
Company and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar
Rate Loans shall be suspended until the Agent (upon the instruction of the Majority Lenders)
revokes such notice. Upon receipt of such notice, the Company may revoke any pending request for a
Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be
deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the
amount specified therein.

          (b) If the Lenders holding 25% or more of the then aggregate Commitments determine (which
determination shall be conclusive and binding upon the Company) that the Eurodollar Rate or the
Base Rate, as the case may be, will not adequately and fairly reflect the cost to such Lenders (as
conclusively certified by such Lenders) of making or maintaining their affected Loans, the Agent
shall give notice thereof to the Company and the Lenders as soon as practicable thereafter and,
upon delivery of such notice and until the Agent (upon the instruction of such Lenders) revokes
such notice, the Market Disruption Spread shall be included in the calculation of Base Rate and
Eurodollar Rate. Each Lender that has delivered a notice then in effect under this clause (b) shall
deliver written instructions to the Agent to revoke such notice promptly upon such Lender’s
determination that the Eurodollar Rate or the Base Rate, as the case may be, adequately and fairly
reflects the cost to such Lender of making or maintaining its affected Loans.”

          (z) Section 4.08 is amended by (A) inserting the phrase “or if any Lender is a Defaulting
Lender or an Impacted Lender” immediately after the phrase “or 4.03” in the first sentence
thereof and (B) by inserting the phrase “making a claim for compensation under Section 4.01
or 4.03” immediately after the phrase “with respect to any Lender” in the proviso in the
second sentence thereof.

          (aa) Section 6.13 is amended and restated in its entirety as follows:

     “6.13 OFAC. None of the Company nor any of its Subsidiaries is a Person named on the
list of Specially Designated Nationals or Blocked Persons maintained by OFAC at
http://www.treas.gov/offices/enforcement/ofac/sdn, or as otherwise published from time to time.”

          (bb) Section 8.01(b) is amended by inserting the phrase “including, without limitation, any
Lien representing Adequate Security” after the phrase “any Loan Document” appearing therein.

10

 

          (cc) Clause (iii) of Section 8.01(i) is amended and restated in its entirety as follows:

     “(iii) the aggregate outstanding principal amount of Indebtedness secured by all such purchase
money security interests (together with Indebtedness secured by Liens permitted by Sections
8.01(j)) shall not at any time exceed $5,000,000”.

          (dd) Section 8.01(j) is amended and restated in its entirety as follows:

          “(j) Liens securing Capital Lease Obligations on assets subject to such Capital Leases,
provided that the attributable principal portion of such Capital Lease Obligations secured by all
such Capital Leases (together with Indebtedness with respect to Liens permitted by Section
8.01(i)) shall not at any time exceed $5,000,000;”

          (ee) Clause (z) of Section 8.01(l) is amended and restated in its entirety as follows:

     “(z) the aggregate outstanding principal amount of Indebtedness secured by all such Liens
shall not at any time exceed an aggregate principal amount equal to $15,000,000”.

          (ff) Section 8.05(a) is amended by inserting the phrase “including, without limitation, any
Indebtedness representing Adequate Security” after the phrase “the other Loan Documents” appearing
therein.

          (gg) Section 8.05(d) is amended and restated in its entirety as follows:

          “(d) unsecured Indebtedness in an aggregate outstanding principal amount not to exceed at any
time the greater of (A) $50,000,000 or (B) 50% of the Company’s EBITDA for the four fiscal quarter
period most recently ended (or fiscal year if more recent) with respect to which the Company has
delivered, or was required to deliver, financial statements pursuant to Section 7.01 hereof
for the last quarter of such period (or such year);”

          (hh) Section 8.05(g) is amended and restated in its entirety as follows:

          “(g) Indebtedness secured by Liens permitted by Section 8.01(i), (j) or
(l); and”

          (ii) Schedule 2.01 is hereby amended and replaced with Schedule 2.01 attached
hereto and the Lenders’ aggregate Revolving Loan Commitment is thereupon increased to $214,000,000
allocated among the Lenders in the manner set forth therein.

          2. Joinder of New Lender. PNC Bank, National Association (the “New Lender”)
hereby (i) confirms that it has received a copy of the Credit Agreement, and such other Loan
Documents and other documents and information requested by it, and that it has, independently and
without reliance upon the Company, the Agent, the Issuing Bank, the Swingline Bank or any Lender,
and based on such documentation and information as it has deemed appropriate, made its own decision
to execute this Agreement and become party to the Credit Agreement; (ii) agrees that it shall,
independently and without reliance upon the Company, the Agent, the Issuing Bank, the Swingline
Bank or any Lender and based on such documents and information as it shall deem appropriate at the
time, continue to make its own

11

 

credit decisions in taking or not taking action under any of the Loan Documents; (iii)
confirms that it is eligible to be a Lender under the terms of the Credit Agreement; (iv) appoints
and authorizes the Agent to take such action on its behalf and to exercise such powers and
discretion under the Credit Agreement and the other Loan Documents as are delegated to the Agent by
the terms hereof and thereof, together with such powers and discretion as are reasonably incidental
thereto; (v) agrees that it shall perform in accordance with their terms all of the obligations
that by the terms of the Credit Agreement and the other Loan Documents are required to be performed
by it as a Lender; (vi) specifies as its address for notices, the offices set forth on Exhibit
I hereto; and (vii) represents and warrants that this Agreement has been duly authorized,
executed and delivered by it pursuant to its corporate (or similar organizational) powers and that
each of this Agreement and the Credit Agreement constitutes the legal, valid and binding obligation
of the New Lender. The parties hereto acknowledge that, upon giving effect to this Agreement, the
New Lender shall become a Lender under the Credit Agreement and the Commitments of each Lender
after giving effect to the foregoing shall be as set forth on Schedules 2.01 hereto and all
references to the Lenders in the Credit Agreement and the other Loan Documents shall mean and be
interpreted accordingly. The Company shall, upon request of the New Lender, execute and deliver a
Note in favor of the New Lender in a maximum aggregate principal amount equal to the New Lender’s
Revolving Loan Commitment under the Credit Agreement.

          3. Reconciliation of Outstanding Loans and Letters of Credit. For purposes of this
Agreement, (A) the term “Buying Lender(s)” shall mean each Lender which has a pro rata share of
Loans and Letters of Credit immediately prior to the effectiveness hereof that is less than its Pro
Rata Share immediately after the effectiveness of this Agreement and (B) the term “Selling
Lender(s)” shall mean each Lender which has a pro rata share of Loans and Letters of Credit
immediately prior to the effectiveness hereof that is greater than its Pro Rata Share immediately
after to the effectiveness of this Agreement. Effective on the satisfaction of the conditions set
forth in Paragraph 4 of this Agreement, each Selling Lender hereby sells, grants, assigns
and conveys to each Buying Lender, without recourse, warranty, or representation of any kind,
except as specifically provided herein, an undivided percentage in such Selling Lender’s right,
title and interest in and to its outstanding Loans and participation interests in outstanding
Letters of Credit in the respective dollar amounts and percentages necessary so that, from and
after such sale, each such Selling Lender’s outstanding Loans and participation interests in
outstanding Letters of Credit shall equal such Selling Lender’s Pro Rata Share outstanding Loans
and participations in Letters of Credit (calculated based upon the Revolving Loan Commitments set
forth on the amended Schedule 2.01 attached hereto). Effective on the satisfaction of the
conditions set forth in Paragraph 4 of this Agreement, each Buying Lender hereby purchases
and accepts such grant, assignment and conveyance from the Selling Lenders. Each Buying Lender
hereby agrees that its respective purchase price for the portion of the outstanding Loans and
participations in Letters of Credit purchased hereby shall equal the respective dollar amount
necessary so that, from and after such payments, each Buying Lender’s outstanding Loans and
participations in Letters of Credit shall equal such Buying Lender’s Pro Rata Share of the
outstanding Loans and participations in Letters of Credit (calculated based upon the Revolving Loan
Commitments set forth on the amended Schedule 2.01 attached hereto). Such amount shall be
payable pursuant to and in accordance with Paragraph 4(e) hereof. The Agent, in turn,
shall wire transfer any such funds received to the Selling Lenders, in same day funds, for the sole
account of the Selling Lenders. From and after the effective date of this Agreement, the Agent

12

 

shall allocate all payments of interest and fees received with respect to the portion of the
outstanding Loans and participations in Letters of Credit purchased by each Buying Lender (i) to
the Selling Lender for amounts which accrued prior to the effective date of this Agreement and (ii)
to the Buying Lender for amounts which accrued on and after such date. Each Selling Lender hereby
represents and warrants to each Buying Lender that such Selling Lender owns the Loans and
participations in Letters of Credit being sold and assigned hereby for its own account and has not
sold, transferred or encumbered any or all of its interest in such Loans or participation
interests. Each Buying Lender hereby acknowledges and agrees that, except for each Selling
Lender’s representations and warranties contained in the foregoing sentence, each such Buying
Lender has entered into this Agreement with respect to such increase on the basis of its own
independent investigation
and has not relied upon, and will not rely upon, any explicit or implicit
written or oral representation, warranty or other statement of the Lenders or the Agent concerning
the authorization, execution, legality, validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or the other Loan Documents. The Company hereby agrees to compensate
each Lender for all losses, expenses and liabilities incurred by each Lender in connection with the
sale and assignment of any Eurodollar Rate Loan hereunder on the terms and in the manner as set
forth in Section 4.04 as amended hereby.

          4. Effectiveness of this Agreement; Conditions Precedent. The provisions of
Paragraphs 1, 2 and 3 of this Agreement shall be deemed to have become
effective as of the date of this Agreement, but such effectiveness shall be expressly conditioned
upon:

          (a) the receipt by the Agent of an executed counterpart of this Agreement executed and
delivered by duly authorized officers of the Company, the Guarantors and the Majority Lenders, the
New Lender and each other Buying Lender (collectively, herein, the “Participating
Lenders”);

          (b) the receipt by the Agent of (A) a secretary’s certificate, in form, scope and substance
acceptable to the Agent, from the secretary or assistant secretary of the Company, certifying (i)
as to the Company’s board of directors’ resolutions authorizing the Company’s execution, delivery
and performance of this Agreement and the Credit Agreement as amended by this Agreement (with
copies thereof attached to such certificate), (ii) as to the incumbency of the officer of the
Company who executes and delivers this Agreement and as to such officer’s signature or facsimile
thereof and (iii) as to the currency and completeness of the Company’s certificate of incorporation
and by-laws (with copies thereof attached to such certificate) and (B) a good standing certificate
for the Company from the Secretary of State of Delaware;

          (c) the receipt by the Agent of legal opinion, in form, scope and substance acceptable to the
Agent, from the Company’s general counsel, with respect to this Agreement and the Credit Agreement
as amended by this Agreement;

          (d) payment in full, in immediately available funds, to the Agent of (i) an upfront fee for
the account of each Participating Lender in the amount of 0.375% of the amount by which such
Lender’s Revolving Loan Commitment is increased upon the effectiveness of this Agreement (or in the
case of the New Lender, of the amount of such Lender’s Revolving Loan Commitment upon such
effectiveness), (ii) an amendment fee for the account of each Lender that executed and delivers a
counterpart hereof [on or prior to December [___], 2008] in the amount of 0.05% of such Lender’s
Revolving Loan Commitment immediately prior to giving effect to this

13

 

Agreement and (ii) an arrangement fee for the sole account of the Arranger as described in
that certain letter agreement dated as of November 12, 2008 among Bank of America, the Arranger and
the Company (all of which fees the Company hereby agrees to pay concurrently with the execution and
delivery of this Agreement and agrees and acknowledges that such fees are fully-earned and
non-refundable);

          (e) payment by the Company in full, in immediately available funds, to the Agent, for the
account of the Lenders, of all amounts owing, if any, pursuant to Section 4.04 of the Credit
Agreement after giving effect to this Agreement and the transactions contemplated hereby; and

          (f) the receipt by the Agent on behalf of each Lender of either (i) in the case of Lenders
party to the Credit Agreement prior to giving effect to this Agreement, substitute amended
promissory notes, or (ii) in the case of the New Lender, a new promissory note pursuant to
Paragraph 2 hereof, in each case, duly executed by the Company in the amount of such
Lender’s Revolving Loan Commitment set forth on Schedule 2.01).

          5. Representations and Warranties.

     (a) The Company hereby represents and warrants that this Agreement and the Credit
Agreement as amended by this Agreement constitute the legal, valid and binding obligations
of the Company enforceable against the Company in accordance with their terms.

     (b) The Company hereby represents and warrants that its execution, delivery and
performance of this Agreement and the Credit Agreement as amended by this Agreement have
been duly authorized by all proper corporate action, do not violate any provision of its
certificate of incorporation or bylaws, will not violate any law, regulation, court order or
writ applicable to it, and will not require the approval or consent of any Governmental
Authority, or of any other third party under the terms of any contract or agreement to which
the Company or any of the Company’s Subsidiaries is bound.

     (c) The Company hereby represents and warrants that (i) no Default or Event of Default
has occurred and is continuing or will have occurred and be continuing and (ii) all of the
representations and warranties of the Company contained in the Credit Agreement and in each
other Loan Document (other than representations and warranties which, in accordance with
their express terms, are made only as of an earlier specified date) are, and will be, true
and correct as of the date of the Company’s execution and delivery of this Agreement in all
material respects as though made on and as of such date.

     (d) The Company hereby represents and warrants that there has not occurred since
December 31, 2007, any event or circumstance that has resulted or could reasonably be
expected to result in a Material Adverse Effect.

     (e) The Company hereby represents and warrants that there are no actions, suits,
investigations, proceedings, claims or disputes pending, or to the best knowledge of the
Company, threatened or contemplated, at law, in equity, in arbitration or before any
Governmental Authority, against the Company, its Subsidiaries or any of their respective

14

 

properties which purport to affect or pertain to this Agreement, the Credit Agreement
or any other Loan Document or any of the transactions contemplated hereby or thereby, or
which could reasonably be expected to have a Material Adverse Effect

          6. Reaffirmation, Ratification and Acknowledgment; Reservation. The Company and each
Guarantor hereby (a) ratify and reaffirm all of their payment and performance obligations,
contingent or otherwise, under each Loan Document to which they are a party, (b) agree and
acknowledge that such ratification and reaffirmation are not a condition to the continued
effectiveness of such Loan Documents, and (c) agree that neither such ratification and
reaffirmation, nor the Agent’s or any Lender’s solicitation of such ratification and reaffirmation,
constitutes a course of dealing giving rise to any obligation or condition requiring a similar or
any other ratification or reaffirmation from the Company or such Guarantors with respect to any
subsequent modifications to the Credit Agreement or the other Loan Documents. The Credit Agreement
as amended hereby and each of the other Loan Documents shall remain in full force and effect and is
hereby ratified and confirmed. Neither the execution, delivery nor effectiveness of this Agreement
shall operate as a waiver of any right, power or remedy of the Agent or the Lenders, or of any
Default or Event of Default (whether or not known to the Agent or the Lenders), under any of the
Loan Documents, all of which rights, powers and remedies, with respect to any such Default or Event
of Default or otherwise, are hereby expressly reserved by the Agent and the Lenders. This
Agreement shall constitute a Loan Document for purposes of the Credit Agreement.

          7. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF ILLINOIS; PROVIDED THAT THE PARTIES SHALL RETAIN ALL RIGHTS ARISING
UNDER FEDERAL LAW.

          8. Agent’s Expenses. The Company hereby agrees to promptly reimburse the Agent for
all of the reasonable out-of-pocket expenses, including, without limitation, attorneys’ and
paralegals’ fees, it has heretofore or hereafter incurred or incurs in connection with the
preparation, negotiation and execution of this Agreement.

          9. Counterparts. This Agreement may be executed in counterparts and all of which
together shall constitute one and the same agreement among the parties.

* * * *

15

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by their proper and duly authorized officers as of the day and year first above written.

	 	 	 	 	 
	 	CBIZ, INC.

 	 
	 	By 	        /s/ Ware Grove
 	 
	 	 	Name:  	Ware Grove 	 
	 	 	Title:  	Senior Vice President and CFO 	 
	 

Signature Page to

Fifth Amendment to

Credit Agreement

 

	 	 	 	 	 
	 	THE GUARANTORS:

CBIZ ACCOUNTING, TAX & ADVISORY OF ATLANTA, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF MARYLAND, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF CHICAGO, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF COLORADO, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF KANSAS CITY, INC.

CBIZ ACCOUNTING, TAX & ADVISORY OF NEW YORK, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF OHIO, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF NORTHERN CALIFORNIA, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF ORANGE COUNTY, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF PHOENIX, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF SAN DIEGO, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF FLORIDA, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF TOPEKA, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF WICHITA, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF ST. LOUIS, LLC

CBIZ ACCOUNTING, TAX & ADVISORY OF UTAH, LLC

CBIZ ACCOUNTING, TAX & ADVISORY, LLC

CBIZ BEATTY SATCHELL, LLC

CBIZ BENEFITS & INSURANCE SERVICES, INC.

CBIZ BVKT, LLC

CBIZ GIBRALTAR REAL ESTATE SERVICES, LLC

CBIZ RISK & ADVISORY SERVICES LLC

CBIZ INSURANCE SERVICES, INC.

CBIZ KA CONSULTING SERVICES, LLC

CBIZ KESSLER GOVERNMENT RELATIONS, LLC

CBIZ M & S CONSULTING SERVICES, LLC

CBIZ M.T. DONAHOE & ASSOCIATES, LLC

 	 
	 	 	 
	 	 	 
	 	 	 
	 

Signature Page to

Fifth Amendment to

Credit Agreement

 

	 	 	 	 	 
	 	CBIZ MEDICAL MANAGEMENT, INC.

CBIZ MEDICAL MANAGEMENT NORTHEAST, INC.

CBIZ MEDICAL MANAGEMENT PROFESSIONALS, INC.

CBIZ MMP OF TEXAS, LLC

CBIZ NETWORK SOLUTIONS, LLC

CBIZ UNCLAIMED PROPERTY SERVICES, LLC

CBIZ RETIREMENT CONSULTING, INC.

CBIZ SK&B, LLC

CBIZ SOUTHERN CALIFORNIA, LLC

CBIZ SPECIAL RISK INSURANCE SERVICES, INC.

CBIZ TAX AND ADVISORY OF NEBRASKA INC.

CBIZ TECHNOLOGIES, LLC

CBIZ VALUATION GROUP, LLC

CBIZ FLEX, INC.

EFL ASSOCIATES OF COLORADO INC.

EFL ASSOCIATES, INC.

EFL HOLDINGS, INC.

HAWTHORN FINANCIAL CORPORATION

MHM RETIREMENT PLAN SOLUTIONS, LLC

MEDICAL MANAGEMENT SYSTEMS, INC.

TRIMED INDIANA, LLC

 	 
	 	By:  	/s/ Jerome P. Grisko, Jr.
 	 
	 	 	Name:  	Jerome P. Grisko, Jr. 	 
	 	 	Title:  	Executive Vice President 	 
	 

Signature Page to

Fifth Amendment to

Credit Agreement

 

	 	 	 	 	 
	 	CBIZ MHM, LLC

CBIZ ACQUISITION A, LLC

CBIZ NETWORK SOLUTIONS CANADA, INC.

CBIZ OPERATIONS, INC.

CBIZ ACCOUNTING, TAX & ADVISORY OF NAPERVILLE, LLC

CBIZ WEST, INC.

CBIZ WESTERN KANSAS, INC.

ONECBIZ, INC.

 	 
	 	By:  	/s/ Jerome P. Grisko, Jr.
 	 
	 	 	Name:  	Jerome P. Grisko, Jr. 	 
	 	 	Title:  	President 	 
	 

Signature Page to

Fifth Amendment to

Credit Agreement

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as Agent

 	 
	 	By  	/s/ Rosanne Parsill
 	 
	 	 	Name:  	Rosanne Parsill 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	BANK OF AMERICA, N.A., as a Lender

 	 
	 	By  	/s/ Jonathan M. Phillips
 	 
	 	 	Name:  	Jonathan M. Phillips 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	FIFTH THIRD BANK, as a Lender

 	 
	 	By  	/s/ James P. Byrnes
 	 
	 	 	Name:  	James P. Byrnes 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION, as a

Lender

 	 
	 	By  	/s/ Patrick McGraw
 	 
	 	 	Name:  	Patrick McGraw 	 
	 	 	Title:  	Vice President 	 
	 
	 	HUNTINGTON NATIONAL BANK, as a Lender

 	 
	 	By  	/s/ Matthew Rodusky
 	 
	 	 	Name:  	Matthew Rodusky 	 
	 	 	Title:  	Staff Officer 	 
	 

Signature Page to

Fifth Amendment to

Credit Agreement

 

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION, as a Lender

 	 
	 	By  	/s/ Babette C. Schubert
 	 
	 	 	Name:  	Babette C. Schubert 	 
	 	 	Title:  	Managing Director 	 
	 
	 	PNC BANK, NATIONAL ASSOCIATION, as a Lender

 	 
	 	By  	/s/ Joseph G. Moran
 	 
	 	 	Name:  	Joseph G. Moran 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to

Fifth Amendment to

Credit Agreement

 

SCHEDULE 2.01

Amended Schedule of Revolving Loan Commitments

	 	 	 	 	 	 	 	 	 
	Lender	 	Commitment	 	Pro Rata Share
	Bank of America, N.A.
	 	$	50,000,000.00	 	 	 	23.364485980	%
	U.S. Bank National Association
	 	$	40,000,000.00	 	 	 	18.691588785	%
	Fifth Third Bank
	 	$	37,500,000.00	 	 	 	17.523364486	%
	Huntington National Bank
	 	$	33,250,000.00	 	 	 	15.537383178	%
	Keybank National Association
	 	$	33,250,000.00	 	 	 	15.537383178	%
	PNC Bank, National Association
	 	$	20,000,000.00	 	 	 	9.345794393	%
	 	 	 	 	 
	Total
	 	$	214,000,000.00	 	 	 	100.000000000	%

Sch. 2.01

 

EXHIBIT I

Notice Addresses for New Lender

EX-I

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}]]