Health Net 2009 Annual Report Download - page 309

Exhibit 10.87
FIFTH AMENDMENT TO OFFICE LEASE
LNR Warner Center
For valuable consideration, the receipt and adequacy of which are expressly acknowledged, Landlord and Tenant agree that:
1. Definitions. In this Fifth Amendment, the following terms have the meaning given:
(a) Effective Date: August 16, 2006.
(b) Landlord: MP Warner Center, LLC, a Delaware limited partnership.
(c) Tenant: Health Net of California, Inc., Inc., a California corporation.
(d) 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 and Tenant (“Second Amendment”).
(3) Third Amendment dated October 10, 2003 between Warner Center OPCO, L.P., a Delaware limited partnership
(“OPCO”), successor-in-interest to LNR, and Tenant (“Third Amendment”).
(4) Fourth Amendment to Office Lease dated May31, 2006 between OPCO, predecessor-in-interest to Landlord, and
Tenant, and approved by Landlord, as successor-in-interest to OPCO (“Fourth Amendment”).
(5) This Fifth Amendment.
(e) 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.
(f) 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.
(g) 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.
(h) 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.
(i) Building B: 21281 Burbank Blvd.
Woodland Hills, CA 91367
(j) Building C: 21271 Burbank Blvd.
Woodland Hills, CA 91367
Any capitalized term used in this Fifth Amendment but not defined in this Fifth Amendment has the meaning set forth for such
term in the Lease.
2. Rescission of 2 Reduction Notice. Prior to execution of this Fifth Amendment, Tenant delivered to Landlord a Reduction
Notice dated December 30, 2005 (the “2 Floor Reduction Notice”) pursuant to Section 1.7 of the Original Lease purporting to
reduce the Second Floor Building C Space from the Premises prior to the scheduled December 31, 2007 expiration date therefor.
Notwithstanding Tenant’s delivery of such 2 Floor Reduction Notice, such 2 Floor Reduction Notice and any reduction of the
Second Floor Building C Space contemplated thereby are hereby irrevocably rescinded, terminated and of no force and effect as if the
2nd Floor Reduction Notice was never delivered by Tenant to Landlord.
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