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Exhibit 10.45  

 
  FIRST AMENDMENT TO 364-DAY CREDIT AGREEMENT    
  

        THIS FIRST AMENDMENT TO 364-DAY CREDIT AGREEMENT (this "Amendment"), dated as
of June 27, 2002, is entered into among HEALTH NET, INC., a Delaware corporation (the
"Borrower"), the Lenders identified on the signature pages hereto (the "Lenders"), and  BANK OF AMERICA, N.A.,
 as administrative agent for the Lenders (in such capacity, the "Administrative
Agent"). Terms used but not otherwise defined herein shall have the meanings provided in the Credit Agreement described below. 

W I T N E S S E T H  

        WHEREAS, the Borrower, the Lenders, and the Administrative Agent entered into that certain 364-Day
Credit Agreement dated as of June 28, 2001 (the "Existing Credit Agreement"); and 

        WHEREAS, the Borrower has requested to extend the Commitment Termination Date for an additional 364 day period, and certain Lenders
party to the Existing Credit Agreement have agreed to extend their respective Commitments and amend the Existing Credit Agreement in accordance with such request and as provided herein. 

        NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

PART 1

DEFINITIONS  

        SUBPART 1.1    Certain Definitions.    Unless otherwise defined herein or the context
otherwise requires, the following terms used in this Amendment, including its preamble and recitals, have the following meanings: 

        "Amended Credit Agreement" means the Existing Credit Agreement as amended hereby. 

        "Amendment No. 1 Effective Date" is defined in Subpart 3.1. 

        SUBPART 1.2    Other Definitions.    Unless otherwise defined herein or the context otherwise
requires, terms used in this Amendment, including its preamble and recitals, have the meanings provided in the Existing Credit Agreement. 

PART 2

AMENDMENTS TO EXISTING CREDIT AGREEMENT  

        Effective on (and subject to the occurrence of) the Amendment No. 1 Effective Date, the Existing Credit Agreement is hereby amended in accordance with this  Part 2. 

        SUBPART 2.1    Amendments to Section 1.01.    The definition of
"Commitment Termination Date" set forth in Section 1.01 of the Existing Credit Agreement is hereby amended in its entirety to read as follows: 

        "Commitment Termination Date" shall mean the date 364 days following June 27, 2002. 

        SUBPART 2.2    Amendments to
Schedule 2.01.    Schedule 2.01 of the Existing Credit Agreement is hereby replaced with  Schedule 2.01 attached hereto. 

PART 3

CONDITIONS TO EFFECTIVENESS  

        SUBPART 3.1    Amendment No. 1 Effective Date.    This Amendment shall be and become
effective as of the date hereof (the "Amendment No. 1 Effective Date") when all of the conditions set forth in 

this Part 3 shall have been satisfied, and thereafter this Amendment shall be known, and may be referred to, as the
"Amendment ". 

        SUBPART 3.2    Execution of Counterparts of Amendment.    The Administrative Agent shall have
received counterparts (or other evidence of execution, including telephonic message, satisfactory to the Administrative Agent) of this Amendment, which collectively shall have been duly executed on
behalf of each of the Borrower, the Lenders, and the Administrative Agent. 

        SUBPART 3.3    Fees and Expenses.    The Borrower has paid all fees and expenses incurred in
connection with the negotiation, preparation, execution and delivery of this Amendment and the other transactions contemplated herein including, without limitation, the reasonable legal fees and
expenses of Moore & Van Allen, counsel to the Administrative Agent. 

        SUBPART 3.4    Other Items.    The Administrative Agent shall have received such other
documents, agreements or information which may be reasonably requested by the Administrative Agent. 

PART 4

MISCELLANEOUS  

        SUBPART 4.1    Representations and Warranties.    The Borrower hereby represents and warrants
to the Administrative Agent and the Lenders that, after giving effect to this Amendment, (a) no Default or Event of Default exists under the Credit Agreement and (b) the representations
and warranties set forth in Section 3 of the Existing Credit Agreement are, subject to the limitations set forth therein, true and correct in all material respects as of the date hereof (except
for those which expressly relate to an earlier date). 

        SUBPART 4.2    Reaffirmation of Obligations.    The Borrower hereby ratifies the Credit
Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement applicable to it and (b) that it is responsible for the observance and full performance
of its respective obligations under the Credit Agreement. 

        SUBPART 4.3    Cross-References.    References in this Amendment to any Part or Subpart are,
unless otherwise specified, to such Part or Subpart of this Amendment. 

        SUBPART 4.4    Instrument Pursuant to Existing Credit Agreement.    This Amendment is executed
pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with the terms and provisions of the Existing
Credit Agreement. 

        SUBPART 4.5    References in Other Credit Documents.    At such time as this Amendment shall
become effective pursuant to the terms of Subpart 3.1, all references to the "Credit Agreement" shall be deemed to refer to the Credit Agreement as
amended by this Amendment. 

        SUBPART 4.6    Counterparts/Telecopy.    This Amendment may be executed by the parties hereto
in several counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. Delivery of executed counterparts of the Amendment
by telecopy shall be effective as an original and shall constitute a representation that an original shall be delivered. 

        SUBPART 4.7    Governing Law.    THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER
AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, BUT EXCLUDING ALL OTHER CHOICE OF LAW
AND CONFLICTS OF LAW RULES). 

        SUBPART 4.8    Successors and Assigns.    This Amendment shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns. 

        SUBPART 4.9    General.    Except as amended hereby, the Existing Credit Agreement and all
other credit documents shall continue in full force and effect. 

        [Remainder
of Page Intentionally Left Blank] 

        IN WITNESS WHEREOF, the parties hereto have executed this Amendment to the 364-Day Credit Agreement as of the date first above
written. 

	
BORROWER:	
 	
HEALTH NET, INC.,

a Delaware corporation
	

 	
 	

By:	
 	

/s/  MICHAEL P. WHITE      
	 	 	 	 	

	 	 	Name:	 	Michael P. White
	 	 	 	 	

	 	 	Title:	 	SVP & Treasurer
	 	 	 	 	

	
ADMINISTRATIVE AGENT:	
 	
BANK OF AMERICA, N.A.
	

 	
 	
By:	
 	

/s/  JOSEPH L. CORAH      
	 	 	 	 	

	 	 	Name:	 	Joseph L. Corah
	 	 	 	 	

	 	 	Title:	 	Principal
	 	 	 	 	

	
LENDERS:	
 	
BANK OF AMERICA, N.A.
	

 	
 	
By:	
 	

/s/  JOSEPH L. CORAH      
	 	 	 	 	

	 	 	Name:	 	Joseph L. Corah
	 	 	 	 	

	 	 	Title:	 	Principal
	 	 	 	 	

	

 	
 	
JPMORGAN CHASE BANK (formerly

known as The Chase Manhattan Bank)
	

 	
 	
By:	
 	

/s/  DAWN LEE LUM      
	 	 	 	 	

	 	 	Name:	 	Dawn Lee Lum
	 	 	 	 	

	 	 	Title:	 	Vice President
	 	 	 	 	

	

 	
 	
FLEET NATIONAL BANK
	

 	
 	
By:	
 	

/s/  JUDI N. CYR      
	 	 	 	 	

	 	 	Name:	 	Judi N. Cyr
	 	 	 	 	

	 	 	Title:	 	Vice President
	 	 	 	 	

	

 	
 	
MIZUHO CORPORATE BANK, LTD.

(successor to The Fuji Bank, Limited, The

Industrial Bank of Japan, Limited and

The Dai-Ichi Kangyo Bank, Ltd., respectively)
	

 	
 	
By:	
 	

/s/  MASAHITO FUKUDA      
	 	 	 	 	

	 	 	Name:	 	Masahito Fukuda
	 	 	 	 	

	 	 	Title:	 	Sr. Vice President & G.H.
	 	 	 	 	

	

 	
 	
CITICORP USA, Inc.
	

 	
 	
By:	
 	

/s/  PETER C. BICKFORD      
	 	 	 	 	

	 	 	Name:	 	Peter C. Bickford
	 	 	 	 	

	 	 	Title:	 	Vice President
	 	 	 	 	

	

 	
 	
THE BANK OF NOVA SCOTIA
	

 	
 	
By:	
 	

/s/  R.P. REYNOLDS      
	 	 	 	 	

	 	 	Name:	 	R.P. Reynolds
	 	 	 	 	

	 	 	Title:	 	Director
	 	 	 	 	

	

 	
 	
SUMITOMO MITSUI BANKING CORPORATION
	

 	
 	
By:	
 	

/s/  AL GALLUZZO      
	 	 	 	 	

	 	 	Name:	 	Al Galluzzo
	 	 	 	 	

	 	 	Title:	 	Senior Vice President
	 	 	 	 	

	

 	
 	
THE BANK OF NEW YORK
	

 	
 	
By:	
 	

/s/  REBECCA K. LEVINE      
	 	 	 	 	

	 	 	Name:	 	Rebecca K. Levine
	 	 	 	 	

	 	 	Title:	 	Vice President
	 	 	 	 	

	

 	
 	
WELLS FARGO BANK, N.A.
	

 	
 	
By:	
 	

/s/  LUCY NIXON      
	 	 	 	 	

	 	 	Name:	 	Lucy Nixon
	 	 	 	 	

	 	 	Title:	 	Vice President
	 	 	 	 	

	

 	
 	
UNION BANK OF CALIFORNIA, N.A.
	

 	
 	
By:	
 	

/s/  PHILIP M. ROESNER      
	 	 	 	 	

	 	 	Name:	 	Philip M. Roesner
	 	 	 	 	

	 	 	Title:	 	Vice President
	 	 	 	 	

	

 	
 	
CREDIT LYONNAIS NEW YORK BRANCH
	

 	
 	
By:	
 	

/s/  CHARLES HEIDSIECK      
	 	 	 	 	

	 	 	Name:	 	Charles Heidsieck
	 	 	 	 	

	 	 	Title:	 	Senior Vice President
	 	 	 	 	

SCHEDULE 2.01  

 COMMITMENTS

(364-Day Credit Agreement)  

	Lender
	 	Commitment Amount
	 	Commitment Percentage
	 
	Bank of America, N.A.	 	$	28,500,000	 	16.285714285	%
	The Chase Manhattan Bank	 	$	28,500,000	 	16.285714285	%
	Fleet National Bank	 	$	28,000,000	 	16.000000000	%
	Citicorp, USA	 	$	25,000,000	 	14.285714285	%
	The Bank of Nova Scotia	 	$	15,000,000	 	8.571428571	%
	The Bank of New York	 	$	10,000,000	 	5.714285714	%
	Wells Fargo Bank	 	$	10,000,000	 	5.714285714	%
	Union Bank of California, N.A.	 	$	10,000,000	 	5.714285714	%
	Mizuho Corporate Bank, Ltd.	 	$	7,500,000	 	4.285714285	%
	Sumitomo Mitsui Banking Corporation	 	$	7,500,000	 	4.285714285	%
	Credit Lyonnais New York Branch	 	$	5,000,000	 	2.857142857	%
	Total:	 	$	175,000,000	 	100.000000000	%

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FIRST AMENDMENT TO 364-DAY CREDIT AGREEMENT<Page>

                                                                   EXHIBIT 10.43

                     THIRD AMENDMENT TO EMPLOYMENT AGREEMENT

     This Third Amendment to Employment Agreement is entered into as of this 1st
day of June, 2002 by and between BiznessOnline.com, Inc., a Delaware corporation
(the "Company") and Daniel J. Sullivan, an individual with an address at 2375
Apple Ridge Circle, Manasquan, New Jersey 08736 ("Employee").

                                  INTRODUCTION

     The Company and Employee entered into that certain Employment Agreement
dated as of January 25, 1999 as amended by that certain First Amendment to
Employment Agreement dated as of February 1, 2000 and (ii) Second Amendment to
Employment Agreement dated December 31, 2001 (collectively, the "Employment
Agreement"), pursuant to which the Company employed Employee as its Vice
President and Chief Financial Officer.

     The Employee possess skills and knowledge critical to the day-to-day and
continued operations of the Company and the Company desires to retain Employee's
services and considers such retention critical to the Company's continued
operations. In order to induce Employee to continue his Employment with the
Company, the Company and Employee desire amend the Employment Agreement as
hereinafter set forth.

                                    AGREEMENT

     In consideration of the premises and mutual promises hereinbelow set forth,
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereby agree as follows:

I.   At the end of Section 1 of the Agreement, the following sentence is
inserted:

      Employee's place of business shall be in Wall, New Jersey. Employee
      acknowledges that he may occasionally be required to travel to the
      Company's affiliate's offices in New York and Connecticut; provided
      however, that Employee shall not be required to travel more than one day
      per week.

II. Except as modified herein, the Employment Agreement is hereby ratified,
confirmed and approved in all respects.

<Page>

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first written above.

ATTEST:                                       BIZNESSONLINE.COM, INC.

/s/ Jennifer L. Sheridan                      By:  /s/ Mark E. Munro
---------------------------------                -----------------------------
                                                  Mark E. Munro, President

WITNESS:                                      EMPLOYEE:

/s/ Jennifer L. Sheridan                          /s/ Daniel J. Sullivan
---------------------------------             --------------------------------
                                              Daniel J. Sullivan

                                        2

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