Health Net 2009 Annual Report Download - page 306

Exhibit 10.86
FOURTH AMENDMENT TO OFFICE LEASE
LNR Warner Center
For valuable consideration, the receipt and adequacy of which are expressly acknowledged, Settling Landlord and Tenant agree
that:
1. Definitions. In this Fourth Amendment, the following terms have the meaning given:
(a) Effective Date: May 31, 2006.
(b) Landlord: Warner Center OPCO, L.P., a Delaware limited partnership.
(c) Successor Landlord: MP Warner Center, LLC, a Delaware limited partnership.
(d) Tenant: Health Net of California, Inc., a California corporation formally, known as Health Net, a California
corporation.
(e) Lease: Office Lease dated September 20, 2000 between DCA Home, Inc. and Lennar Rolling Ridge, Inc. (collectively,
“Prior Landlord”) and Tenant (“Original Lease”), as amended by:
(1) First Amendment to Lease dated May 14, 2001, between LNR Warner Center, LLC (“LNR”), successor-in-
interest to Prior Landlord, and Tenant (“First Amendment”),
(2) Second Amendment to Office Lease dated May 1, 2003 between LNR, predecessor-in-interest to Settling
Landlord, and Tenant (“Second Amendment”).
(3) Third Amendment dated October 10, 2003 between Settling Landlord and Tenant (“Third Amendment”).
(4) This Fourth Amendment.
(f) Original Premises: Approximately 288,749 rentable square feet (271,007 usable square feet), being all of Building B
and Floors 3, 4, and 5 in Building C, as more particularly described in Section 6.2 of the Summary of Basic Lease Information
to the Original Lease.
(g) Second Floor Building C Space: Approximately 34,987 rentable and 32,906 usable square feet on the second floor of
Building C, as more particularly described in the First Amendment.
(h) First Floor Building C Space: Approximately 10,218 rentable and 9,066 usable square feet on the first floor of Building
C, as more particularly described in the Second Amendment.
(i) Premises: Approximately 333,954 rentable and 312,979 usable square feet, comprised of the Original Premises, the
Second Floor Building C Space, and the First Floor Building C Space.
(j) Building B: 21281 Burbank Blvd.
Woodland Hills, CA 91367
(k) Building C: 21271 Burbank Blvd.
Woodland Hills, CA 91367
Any capitalized term used in this Fourth Amendment but not defined in this Fourth Amendment has the meaning set forth for such
term in the Lease.
2. Audit Settlement.
(a) Tenant has exercised its right to audit Direct Expenses for the Base Year of 2002 and the calendar year 2003.
(b) Tenant and Settling Landlord acknowledge that as of January 6, 2005, Settling Landlord assigned its interest under the
Lease to Successor Landlord, which assignment provided that settlement of Tenant’s audit claims for the Base Year of 2002 and
the calendar year 2003 remained the responsibility of Settling Landlord.
(c) The stipulation of the Direct Expenses for the Base Year of 2002 and the calendar year 2003 herein will be binding
upon Settling Landlord, Tenant, and Successor Landlord and shall constitute a final settlement of such expenses.