Amendment No. 1 to Lease Agreement between Gold Pointe C, LLC and Health Net, Inc. (11971 Foundation Place, Rancho Cordova, CA)

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Summary

This amendment updates the lease agreement between Gold Pointe C, LLC (landlord) and Health Net, Inc. (tenant) for office space at 11971 Foundation Place, Rancho Cordova, California. Effective November 22, 2002, it revises the premises size, tenant's proportionate share, lease dates, and base rent schedule. The lease now covers approximately 141,151 square feet, with Health Net responsible for 96.77% of building expenses. The lease runs from July 8, 2002, to January 7, 2013, with specified rent amounts for each period. All other terms of the original lease remain unchanged.

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EX-10.61 21 dex1061.htm AMENDMENT NO.1 TO LEASE AGREEMENT, DATED AS OF NOVEMBER 22, 2002 Amendment No.1 to Lease Agreement, dated as of November 22, 2002

EXHIBIT 10.61

AMENDMENT NUMBER ONE TO THAT LEASE AGREEMENT BETWEEN GOLD POINTE C, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, AS SUCCESSOR-IN-INTEREST TO LANDHOLD, INC., A CALIFORNIA CORPORATION, AS LANDLORD, AND HEALTH NET, INC, A DELAWARE CORPORATION, AS TENANT, DATED MARCH 5th, 2001, FOR THE PREMISES LOCATED AT 11971 FOUNDATION PLACE IN RANCHO CORDOVA, CALIFORNIA.

Effective November 22, 2002, the above described Lease Agreement shall be modified as follows:

The Basic Lease Information – Premises shall be replaced in its entirety as follows:

 

Premises:

   The Premises referred to in this Lease consist of approximately 141,151 rentable square feet on the first, second and third floors of the Building.

Tenant’s Proportionate Share:

   96.77%, based on a Building rentable area of approximately 145,869 square feet.

Lease Commencement Date:

   July 8, 2002

Lease Expiration Date:

   January 7, 2013

Base Rent:

   Months:   Monthly Base Rent
  07/08/02-01/07/03:   Free Rent and Building Operating Expenses.
  01/08/03-01/07/05:   $258,306.33
  01/08/05-01/07/07:   $265,363.88
  01/08/07-01/07/09:   $272,421.43
  01/08/09-01/07/11:   $279,478.98
  01/08/11-01/07/13:   $286,536.53

All other terms and conditions shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment the day and year written below.

 

LANDLORD:

GOLD POINTE C, LLC,

a California limited liability Company

By:   /s/ Michael E. Diepenbrock
 

Michael E. Diepenbrock,

Managing Member

 

TENANT:

 

 

HEALTH NET, INC.

A Delaware Corporation

By:   /s/ Dennis Bell
  Dennis Bell
Its:   Vice President