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EXHIBIT 10.2

AMENDMENT TO STOCK PURCHASE AGREEMENT

    THIS AMENDMENT TO STOCK PURCHASE AGREEMENT ("Amendment") is entered into as
of this 2nd day of February, 2001, by and between Health Net, Inc., a Delaware
corporation ("Seller"), and Florida Health Plan Holdings II, L.L.C., a Florida
limited liability company ("Purchaser").

RECITALS

    WHEREAS, Seller and Purchaser entered into that certain Stock Purchase
Agreement dated January 19, 2001 (the "Agreement") concerning the sale of all of
the outstanding shares of capital stock of Foundation Health, A Florida Health
Plan, Inc., a Florida corporation (the "Company")(capitalized terms used but not
defined in this Amendment shall have the meanings given to them in the
Agreement); and

    WHEREAS, Seller and Purchaser desire to modify certain terms of the
Agreement on the terms set forth hereinbelow.

    NOW, THEREFORE, in consideration of the foregoing and of the mutual
obligations, promises and covenants herein contained, the receipt and adequacy
of which is hereby acknowledged by each of the parties hereto, it is hereby
agreed as follows:

    1.  Recitals. The foregoing recitals are true and correct and made a part
hereof.

    2.  Vendor Agreements. Notwithstanding the terms of the Agreement, the
parties acknowledge and agree that the Vendor Agreements shall not be executed
by the parties in connection with the Closing of the transactions contemplated
in the Agreement. Instead, the parties agree to cooperate to facilitate a
transition, effective as of the Closing, from the Company's vendors presently
providing such services to those vendors selected by the Purchaser as to those
services that otherwise would have been provided under the Vendor Agreements,
subject to applicable regulatory requirements and existing contractual
restrictions.

    3.  Post-Closing Adjustments for Pre-Closing Unpaid Claims and Unused
Balance of Premium Deficiency Reserve. The first sentence of Section 1.4 (b) of
the Agreement is hereby replaced in its entirety with the following two
sentences:

For purposes of this Agreement "Pre-Closing Unpaid Claims" shall mean the amount
shown as the balance of the balance sheet account of the Company reflected as
the "Outstanding Claim Liability, including LAE" line item determined in
accordance with SAP using methods within the then existing range of generally
accepted industry practices and consistent with the Company's past practices
which account includes: (i) incurred but not reported claims of the Company that
are incurred prior to the Closing Date and (ii) reported claims of the Company
that are received by the Company prior to the Closing Date but are unpaid as of
the Closing Date. It is agreed that such account is reflected on the
December 31, 2000 balance sheet of the Company provided to Purchaser pursuant to
Section 2.6 of the Agreement in the amount of Eighty Three Million Sixteen
Thousand Forty-Nine and No/Dollars ($83,016,049.00) in the aggregate as of
December 31, 2000 and such account shall be maintained with the same actuarially
equivalent margin from December 31, 2000 through the Closing Date as determined
by the Seller's and Purchaser's actuaries (the "IBNR Account Balance").

    4.  Indemnity Contracts. Section 4.10(c) of the Agreement is hereby deleted
in its entirety and replaced with the following:

(c) Upon the renewal of or the exercise of any conversion right under any
Indemnity Contract, Purchaser's Affiliate authorized as a health insurer in the
State of Florida shall make available that insurance coverage as is required
under applicable Florida and federal law pertaining to guaranteed renewability
of coverage or conversion on termination of eligibility (the "Replacement
Coverage"). The Replacement Coverage shall be offered at the Purchaser's
Affiliate's then prevailing premium rate or such lower rate if required by law.
The obligation under this

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Agreement to provide the Replacement Coverage shall continue and survive until
each of the Indemnity Contracts, and the insureds rights thereunder, have
terminated or expired, notwithstanding any other provision in the Agreement to
the contrary. Purchaser's Affiliate shall cooperate with the Indemnity Affiliate
in filing all necessary and appropriate documents with the DOI to effect the
foregoing transition to the Replacement Coverage.

    and new Section 4.10(d) is added as follows:

(d) Indemnity Contracts shall not include insurance policies written outside the
State of Florida by the Indemnity Affiliate inclusive of policies relating to
national accounts insured by the Indemnity Affiliate. Indemnity Contracts shall
include those policies issued by the Indemnity Affiliate and incorporated with a
policy issued by the Company; such policies jointly and commonly referred to as
a "Point of Service Policy." With respect to each Indemnity Contract issued in
connection with a Point of Service Policy, all of the requirements and
obligations of this Section 4.10 shall apply, as applicable.

    5.  Miscellaneous. This Amendment is a part of the Agreement; provided,
however, that in the event that there are any inconsistencies between the terms
and provisions of this Amendment and the remaining portions of the Agreement,
the terms and provisions of this Amendment shall govern, control and prevail. In
all other respects, the Agreement shall be unchanged and shall remain in full
force and effect. The captions appearing in this Amendment are for convenience
only and no way define, limit, construe or describe the scope or intent of any
section or paragraph. This Amendment shall not be construed more or less
favorably with respect to either party as a consequence of the Amendment or
various provisions hereof have been drafted by one of the parties hereto. This
Amendment may be executed simultaneously in two (2) or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute
one and the same instrument. A facsimile copy of this Amendment and any
signatures thereon shall be considered for all purposes as originals.

    IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the
date first above written.

 
   
   
   
   
            SELLER: WITNESSES:                             Health Net, Inc., a
Delaware corporation /s/ MICHAEL E. JANSEN   

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Print Name: Michael E. Jansen      
By: /s/ B. CURTIS WESTEN
   

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Print Name: B. Curtis Westen
Title: Sr. VP, Gen Counsel & Secretary /s/ ERIC G. GROEN   

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Print Name: Eric G. Groen                         PURCHASER:             Florida
Health Plan Holdings II, L.L.C., a Florida limited liability company /s/ MITZI
MEYERS   

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Print Name: Mitzi Meyers      
By: /s/ STEVEN M. SCOTT, M.D. 
   

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Print Name: Steven M. Scott, M.D.
Title: Manager /s/ NANCY F. LOCKLEAR   

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Print Name: Nancy F. Locklear            

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EXHIBIT 10.2
AMENDMENT TO STOCK PURCHASE AGREEMENT