2 added 85 characters in body
source | link

I think this fits the criteria:

CAT RENDERING-----------------RENDERING
CATERING RENDCATERING-------REND
CARING RENTED-----------RENTED
CANTERING REDCANTERING-----RED
RING CANTERED---------------CANTERED
RINGED CANTERRINGED-----------CANTER
RED CANTERING----------------CANTERING
RENTED CARINGRENTED----------CARING
REND CATERING--------------CATERING
RENDERING CATRENDERING----CAT

(working on nice formatting)

I think this fits the criteria:

CAT RENDERING
CATERING REND
CARING RENTED
CANTERING RED
RING CANTERED
RINGED CANTER
RED CANTERING
RENTED CARING
REND CATERING
RENDERING CAT

(working on nice formatting)

I think this fits the criteria:

CAT-----------------RENDERING
CATERING-------REND
CARING-----------RENTED
CANTERING-----RED
RING---------------CANTERED
RINGED-----------CANTER
RED----------------CANTERING
RENTED----------CARING
REND--------------CATERING
RENDERING----CAT

1
source | link

I think this fits the criteria:

CAT RENDERING
CATERING REND
CARING RENTED
CANTERING RED
RING CANTERED
RINGED CANTER
RED CANTERING
RENTED CARING
REND CATERING
RENDERING CAT

(working on nice formatting)