Health Net 2009 Annual Report Download - page 304

5. Base Rent.
(a) Original Premises Base Rent. This schedule restates and replaces in its entirety the Base Rent schedule set forth in
paragraph 8 of the Summery of Basic Lease information for the Original Lease:
(b) Second Floor Building C Space Base Rent. This schedule restates and replaces in its entirety the Base Rent Schedule
set forth in paragraph 2 of the First Amendment:
If Tenant timely exercises the Second Floor Extension Term, the Base Rent for the Second Floor Building C Space for the extension
of the Lease Term shall be as follows:
(c) First Floor Building C Space Base Rent. This schedule restates and replaces ids entirety them Base Rent schedule set
forth in paragraph 2 of the Second Amendment:
6. Tenant’s Share of Direct Expenses. As of the Effective Date, Landlord and Tenant agree that:
(a) Tenant’s Building B Share of Direct Expenses is 100%.
(b) Tenant’s Building C Share of Direct Expenses is 87.36% (i.e., 155,709 rentable square feet of the Premises in Building
C divided by 178,245 total rentable square feet in Building C).
2
M
onths of
L
ease Term
A
nnual Base Rent
M
onthly Installment
of
Base Rent
Monthly Rental Rate
P
er Rentable S
q
uare Foot
1/1/02
—
12/31/02 $8,835,719.40 $736,309.95 $2.550
1/1/03
—
12/31/03 $ 9,012,433.68 $ 751,036.14 $2.601
1/1/04
—
12/31/04 $9,192,613.08 $766,051.09 $2.653
1/1/05—12/31/05
$ 9,376,257.48 $ 781,354.79 $2.706
1/1/06
—
12/31/06 $9,563,366.88 $796,947.24 $2.760
1/1/07
—
12/31/07 $ 9,753,941.16 $ 812,828.43 $2.815
1/1/08
—
12/31/08 $9,951,445.44 $829,287.12 $2.872
1/1/09
—
12/31/09 $10,148,949.84 $ 845,745.82 $2.929
1/1/10
—
12/31/10 $10,353,384.12 $862,782.01 $2.988
1/1/11
—
12/31/11 $10,557,818.40 $ 879,818.20 $3.047
M
onths of Second
F
loor Lease Term
A
nnual Base Rent
M
onthly Installment
of
Base Rent
Monthly Rental Rate
P
er Rentable S
q
uare Foot
1/1/02
—
12/31/02 $1,070,602.20 $89,216.85 $2.550
1/1/03
—
12/31/03 $ 1,102 930.20 $ 91,910.85 $2.627
1/1/04
—
12/31/04 $1,135,678.00 $94,639.84 $2.705
1/1/05— 2/31/05
$1,169,685.30 $ 97,473.78 $2.786
1/1/06
—
12/31/06 $1,204,952.28 $100,412.69 $2,870
1/1/07
—
12/31/07 $1,241,058.86 $ 103,421.57 $2.956
M
onths of Second
F
loor Extension Term
A
nnual Base Rent
M
onthly Installment
of
Base Rent
Monthly Rental Rate
P
er Rentable S
q
uare Foot
1/1/08
—
12/31/08 $1,278,424.98 $106,535.42 $3.045
1/1/09
—
12/31/09 $1,316,630.78 $ 109,719.23 $3.136
1/1/10—12/31/10 $1,356,096.12 $113,008.01 $3.230
1/1/11
—
12/31/11 $1,396,820.99 $ 116,401.75 $3.327
M
onths of
L
ease Term
A
nnual Base Rent
M
onthly Installment
of
Base Rent
Monthly Rental Rate
P
er Rentable S
q
uare Foot
10/10/03
—
10/31/04* $307,766.16 $25,647.18 $2.51
11/1/04
—
10/31/05 $ 313,921.48 $ 26,160.12 $2.56
11/1/05
—
10/31/06 $320,199.91 $26,683.33 $2.61
11/1/06
—
10/31/07 $ 326,603.91 $ 27,216.99 $2.66
11/1/07—10/31/08 $333,135.99 $27,761.33 $2.72
11/1/08
—
10/31/09 $ 339,798.71 $ 28,316.56 $2.77
11/1/09
—
10/31/10 $346,594.68 $28,882.89 $2.83
11/1/10
—
10/31/1l $ 353,526.58 $ 29,460.55 $2.88
11/1/11
—
12/31/11 $360,597.11 $30,049.76 $2.94
* subject to proration for any partial month