Health Net 2009 Annual Report Download - page 348

5. Improvements. Landlord and Tenant shall cooperate with respect to the preparation of plans and specifications for Tenant
Improvements in the Expansion Premises (“Plans”). Landlord shall construct the Tenant Improvements for the Expansion Space in
accordance with the mutually-approved Plans and construction schedule, and Tenant shall pay all Costs of Construction of such
Tenant Improvements in excess of $38.00 per square foot of Usable Area of the Expansion Premises. The Architect shall be DFD
Cornoyer Hedrick and the general contractor shall be Ryan Companies US, Inc. Paragraphs 2, 3, 4, 5, and 7 of Exhibit C to the Lease
shall apply to the construction of Tenant Improvements in the Expansion Premises.
6. Other Changes. From and after the Expansion Date:
(a) Tenant’s Proportionate Share shall be increased from 21.42% to 24.06%.
(b) The number of parking spaces that Tenant is entitled to use pursuant to Section 1.9 of the Lease shall be increased from
30 covered reserved spaces, 90 covered unreserved spaces, and 30 uncovered unreserved spaces to 36 covered reserved spaces,
102 covered unreserved spaces, and 36 uncovered unreserved.
Period
Base Rent Per
Rentable S
q
. Ft. Annual Base Ren
t
Monthly Base Rent
Pa
y
men
t
June 1, 2008 – May 31, 2009 $22.50 $865,597.50 $72,133.13
June 1, 2009 – May 31, 2010
$23.00 $ 884,833.00 $ 73,736.08
June 1, 2010 – May 31, 2011 $23.50 $904,068.50 $75,339.04
June 1, 2011 – May 31, 2012
$24.00 $ 923,304.00 $ 76,942.00
June 1, 2012 – May 31, 2013 $24.50 $942,539.50 $78,544.96
June 1, 2013 – May 31, 2014
$25.00 $ 961,775.00 $ 80,147.92
* Represents 15 days of Base Rent on 4,786 square feet and 30 days of Base Rent on 33,685 square feet at $7.50 per square foot
annually.
** Represents 24 days of Base Rent at $7.50 per square foot annually and 7 days at $20.50 per square foot annually, prorated on a
per diem basis, on 38,471 square feet.