Health Net 2009 Annual Report Download - page 353

Exhibit 10.96
THIRD AMENDMENT TO OFFICE LEASE
This Third Amendment to Office Lease (“Third Amendment”) is made and entered into as of this 13 day of April, 2006, by and
between Papago Buttes Corporate, LLC, a Delaware limited liability company (“Landlord”) and Health Net of Arizona, Inc., an
Arizona corporation (“Tenant”). This Third Amendment is to that certain Office Lease dated July 24, 2003, as amended by the First
Amendment to Office Lease dated December 1 , 2003, and Second Amendment to Office Lease dated May 31, 2004, by and between
Landlord’s predecessor-in-interest, Tosco Operating Company, Inc., and Tenant (“the Lease”).
1. Defined Terms. All capitalized terms used in this Third Amendment shall have the same meanings as set forth in the Lease or
any subsequent amendment.
2. Third Expansion Space. Effective as of July 1, 2006, or the completion of tenant improvements, whichever first occurs, the
“Third Expansion Date.” The Third Expansion Space, as defined below, shall be added to and incorporated into the Premises under
Section 1.1 for all purposes under the Lease for the balance of the Lease Term, as may be extended. The Third Expansion Space,
consists of approximately 10,846 rentable square feet on the first floor of the Building, Suite E-1000, 1230 West Washington, Tempe,
Arizona as depicted in Exhibit “A”. This area will be referred to as “Third Expansion Space” for all purposes under this Third
Amendment. The Third Expansion Space shall be remeasured as provided in Section 2.5 of the Lease, which measurement shall be
binding.
3. Term. The term Lease for the Third Expansion Space only will be seven years and eleven months, beginning on the
Commencement Date of July 1, 2006, or upon completion of the Tenant Improvements as provided in Exhibit “B”, whichever first
occurs.
4. Base Rent. The Base Rent for the Third Expansion Space shall be as set forth below. The Tenant shall continue to pay rent
and all other charges for all other space under the Lease at the rates set forth in the Lease, First Amendment or Second Amendment,
as the case may be.
1
Period
Base Rent Per
Rentable S
q
.Ft. Annual Base Ren
t
Monthly Base Rent
Pa
y
men
t
Month 1 $ 0
Months 2-13 $23.00 $ 249,458 $ 20,788.16
Months 14-25 $23.50 $254,881 $21,240.80
Months 26-37
$24.00 $ 260,304 $21,692
Months 38-49 $24.50 $265,727 $22,143.91
Months 50-61
$25.00 $ 271,150 $ 22,595.83
Months 62-73 $25.50 $276,573 $23,047.75
Months 74-85
$26.00 $ 281,996 $ 23,499.66
Months 86-95 $26.5010 $263,467 $23,951.58
th