Document:

Lease Agreement dated as of December 22, 2003 (Douglas Emmitt Realty Fund 2000)

 Exhibit 10.46 
  
 OFFICE LEASE 
  
 WARNER CENTER PLAZA 
  
 DOUGLAS EMMETT REALTY FUND 2000, 
 a California
limited partnership 
  
 as Landlord, 
  
 and 
  
 HEALTH NET, INC., 
 a Delaware corporation 
  
 as Tenant 
  

  
 WARNER CENTER TOWERS

 [Health Net, Inc.] 
  

									
	 Warner Center III\Health Net\JS\December 22, 2003
  
	  	
	  	
	  	
	  	

	 	  	Initial	  	Initial	  	Initial	  	Initial

 INDEX 
  

							
	 ARTICLE

	  	SUBJECT MATTER

	  	PAGE

	 ARTICLE 1 PREMISES, BUILDING, PROJECT, AND COMMON AREAS
	  	1
	 1.1
	  	The Premises	  	1
	 1.2
	  	The Building and The Project	  	1
	 1.3
	  	Common Areas	  	2
	 1.4
	  	Landlord’s Use and Operation of the Building, Project, and Common Areas	  	2
	 1.5
	  	Intentionally Omitted	  	2
	 1.6
	  	Right of First Offer	  	2
	 	  	1.6.1	  	Procedure for Offer	  	3
	 	  	1.6.2	  	Procedure for Acceptance	  	3
	 	  	1.6.3	  	Lease of First Offer Space	  	3
	 	  	1.6.4	  	Termination of Right of First Offer	  	4
	 1.7
	  	Right to Expand	  	4
	 	  	1.7.1	  	Method of Exercise	  	4
	 	  	1.7.2	  	Expansion Space Accepted “As-Is”	  	5
	 	  	1.7.3	  	Amendment to Lease	  	5
	 	  	1.7.4	  	Termination of Expansion Right	  	5
	 1.8
	  	Right to Contract	  	5
	 	  	1.8.1	  	Twenty-Second Floor Returned Space	  	6
	 	  	1.8.2	  	Twenty-First Floor Returned Space	  	6
	 	  	1.8.3	  	Contingencies to Contraction	  	6
	 	  	1.8.4	  	Tenant’s Compensation to Landlord for Contraction	  	6
	 	  	1.8.5	  	Termination/Expiration of Contraction Right	  	7
	 1.9
	  	Tenant’s Election Regarding the Fifteenth Floor	  	7
		
	 ARTICLE 2 LEASE TERM
	  	7
	 2.1
	  	Initial Term	  	7
	 2.2
	  	Option Terms	  	8
	 	  	2.2.1	  	Option Rent	  	8
	 	  	2.2.2	  	Exercise of Options	  	8
	 	  	2.2.3	  	Determination of Option Rent	  	9
		
	 ARTICLE 3 RENT
	  	9
	 3.1
	  	Base Rent	  	9
	 3.2
	  	Additional Rent	  	10
	 3.3
	  	Definitions of Key Terms Relating to Additional Rent	  	10
	 3.4
	  	Allocation of Direct Expenses	  	20
	 	  	3.4.1	  	Method of Allocation	  	20
	 	  	3.4.2	  	Cost Pools	  	20
	 3.5
	  	Calculation and Payment of Additional Rent	  	21
	 	  	3.5.1	  	Statement of Actual Building Direct Expenses and Payment by Tenant	  	21
	 	  	3.5.2	  	Statement of Estimated Building Direct Expenses	  	21
	 3.6
	  	Landlord’s Books and Records	  	22
		
	 ARTICLE 4 [INTENTIONALLY OMITTED]
	  	22
		
	 ARTICLE 5 USE OF PREMISES
	  	22
	 5.1
	  	Permitted Use	  	22
	 5.2
	  	Prohibited Uses	  	23
	 5.3
	  	Labor Harmony	  	23
		
	 ARTICLE 6 REPAIRS, ADDITIONS AND ALTERATIONS
	  	23
	 6.1
	  	Repairs	  	23
	 	  	6.1.1	  	Repair Obligations	  	23

  

  
 WARNER CENTER TOWERS

 [Health Net, Inc.] 
  

									
	 Warner Center III\Health Net\JS\December 22, 2003
  
	  	
	  	
	  	
	  	

	 	  	Initial	  	Initial	  	Initial	  	Initial

							
	 	  	6.1.2	  	Tenant Maintenance and Repair	  	24
	 6.2
	  	Landlord’s Consent to Alterations	  	25
	 6.3
	  	Manner of Construction	  	25
	 6.4
	  	Payment for Improvements	  	26
	 6.5
	  	Construction Insurance	  	26
	 6.6
	  	Landlord’s Property	  	26
		
	 ARTICLE 7 INSURANCE
	  	27
	 7.1
	  	Indemnification and Waiver	  	27
	 	  	7.1.1	  	Waiver	  	27
	 	  	7.1.2	  	Tenant’s Indemnity	  	27
	 	  	7.1.3	  	Landlord’s Indemnity	  	27
	 7.2
	  	Landlord’s Insurance	  	27
	 7.3
	  	Tenant’s Insurance	  	28
	 7.4
	  	Form of Policies	  	29
	 7.5
	  	Subrogation	  	29
	 7.6
	  	Additional Insurance Obligations	  	29
		
	 ARTICLE 8 DAMAGE AND DESTRUCTION
	  	30
	 8.1
	  	Repair of Damage to Premises by Landlord	  	30
	 8.2
	  	Landlord’s Option to Repair	  	30
	 8.3
	  	Waiver of Statutory Provisions	  	31
	 8.4
	  	Damage Near End of Term	  	31
	 8.5
	  	Insurance Proceeds Upon Termination	  	32
		
	 ARTICLE 9 PERSONAL PROPERTY AND OTHER TAX
	  	32
		
	 ARTICLE 10 SERVICES AND UTILITIES
	  	32
	 10.1
	  	Standard Tenant Services	  	32
	 10.2
	  	Overstandard Tenant Use	  	34
	 10.3
	  	Interruption of Use	  	34
	 10.4
	  	Additional Services	  	35
		
	 ARTICLE 11 ASSIGNMENT AND SUBLETTING
	  	36
	 11.1
	  	Transfers	  	36
	 11.2
	  	Landlord’s Consent	  	36
	 11.3
	  	Transfer Premium	  	37
	 	  	11.3.1	  	Definition of Transfer Premium	  	37
	 	  	11.3.2	  	Payment of Transfer Premium	  	38
	 11.4
	  	Landlord’s Option as to Subject Space	  	38
	 11.5
	  	Effect of Transfer	  	39
	 11.6
	  	Additional Transfers	  	39
	 11.7
	  	Non-Transfer	  	39
	 11.8
	  	Landlord’s Recognition of Transfers upon Lease Termination	  	39
		
	 ARTICLE 12 DEFAULTS; REMEDIES
	  	40
	 12.1
	  	Events of Default	  	40
	 12.2
	  	Remedies Upon Default	  	40
	 12.3
	  	Sublessees of Tenant	  	41
	 12.4
	  	Waiver of Default	  	41
	 12.5
	  	Efforts to Relet	  	41
	 12.6
	  	Landlord Default	  	42
		
	 ARTICLE 13 CONDEMNATION
	  	42
	 13.1
	  	Permanent Taking	  	42
	 13.2
	  	Temporary Taking	  	42
		
	 ARTICLE 14 BROKERS
	  	43

  

  
 WARNER CENTER TOWERS

 [Health Net, Inc.] 
  

									
	 Warner Center III\Health Net\JS\December 22, 2003
  
	  	
	  	
	  	
	  	

	 	  	Initial	  	Initial	  	Initial	  	Initial

							
	 ARTICLE 15 LANDLORD’S LIABILITY
	  	43
		
	 ARTICLE 16 INTENTIONALLY OMITTED
	  	43
		
	 ARTICLE 17 WARNER CENTER ASSOCIATION
	  	43
		
	 ARTICLE 18 TENANT PARKING
	  	43
		
	 ARTICLE 19 MISCELLANEOUS PROVISIONS
	  	44
	 19.1
	  	Estoppel Certificates	  	44
	 19.2
	  	Partial Invalidity	  	45
	 19.3
	  	Time of Essence	  	45
	 19.4
	  	Captions	  	45
	 19.5
	  	Notices	  	45
	 19.6
	  	Nonwaiver	  	45
	 19.7
	  	Holding Over	  	46
	 19.8
	  	Waiver of Default	  	46
	 19.9
	  	Binding Effect	  	46
	 19.10
	  	Governing Law	  	46
	 19.11
	  	Subordination	  	46
	 19.12
	  	Waiver of Jury Trial; Attorneys’ Fees	  	47
	 19.13
	  	Entry by Landlord	  	47
	 19.14
	  	Intentionally Omitted	  	48
	 19.15
	  	Surrender of Premises; Ownership and Removal of Trade Fixtures	  	48
	 	  	19.15.1	  	Surrender of Premises	  	48
	 	  	19.15.2	  	Removal of Tenant Property by Tenant	  	48
	 19.16
	  	Entire Agreement	  	48
	 19.17
	  	Signs	  	48
	 	  	19.17.1	  	Full Floors	  	48
	 	  	19.17.2	  	Multi-Tenant Floors	  	49
	 	  	19.17.3	  	Monument Signage	  	49
	 	  	19.17.4	  	Prohibited Signage and Other Items	  	49
	 	  	19.17.5	  	Directory	  	49
	 	  	19.17.6	  	Rooftop Signage	  	50
	 19.18
	  	Covenant Against Liens	  	50
	 19.19
	  	Terms	  	51
	 19.20
	  	Prohibition Against Recording	  	51
	 19.21
	  	Intentionally Omitted	  	51
	 19.22
	  	Quiet Employment	  	51
	 19.23
	  	Improvement of the Premises	  	51
	 19.24
	  	Force Majeure	  	51
	 19.25
	  	Rentable Square Feet of Premises, Building, and Project	  	51
	 19.26
	  	Transportation Management	  	52
	 19.27
	  	Compliance With Law	  	52
	 19.28
	  	Late Charges	  	52
	 19.29
	  	Hazardous Material	  	52
	 19.30
	  	Landlord’s Right to Cure Default; Payments by Tenant	  	53
	 	  	19.30.1	  	Landlord’s Cure	  	53
	 	  	19.30.2	  	Tenant’s Reimbursement	  	53
	 19.31
	  	No Air Rights	  	53
	 19.32
	  	Modification of Lease	  	53
	 19.33
	  	Transfer of Landlord’s Interest	  	53
	 19.34
	  	Landlord’s Title	  	54
	 19.35
	  	Relationship of Parties	  	54
	 19.36
	  	Application of Payments	  	54
	 19.37
	  	No Warranty	  	54
	 19.38
	  	Right to Lease	  	54
	 19.39
	  	Submission of Lease	  	54

  

  
 WARNER CENTER TOWERS

 [Health Net, Inc.] 
  

									
	 Warner Center III\Health Net\JS\December 22, 2003
  
	  	
	  	
	  	
	  	

	 	  	Initial	  	Initial	  	Initial	  	Initial

					
	 19.40
	  	Independent Covenants	  	54
	 19.41
	  	Waiver of Redemption by Tenant	  	54
	 19.42
	  	Joint and Several	  	54
	 19.43
	  	Project or Building Name and Signage	  	55
	 19.44
	  	No Discrimination	  	55
	 19.45
	  	Landlord Renovations	  	55
	 19.46
	  	Communication Equipment	  	55
	 19.47
	  	Stairwell Access	  	56
	 19.48
	  	Patio Area	  	57
	 19.49
	  	Waiver of Consequential Damages	  	57
	 19.50
	  	Reasonableness	  	57

  

			
	 A
	  	OUTLINE OF PREMISES
	 B
	  	SITE PLAN/PROJECT COMMON AREAS
	 C
	  	CONSTRUCTION PACKAGE
	 D
	  	FORM OF NOTICE OF LEASE TERM DATES
	 E
	  	RULES AND REGULATIONS
	 F
	  	SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT
	 G
	  	LIST OF SUPERIOR RIGHTS
	 H
	  	JANITORIAL SPECIFICATIONS

  
  

  
 WARNER CENTER TOWERS

 [Health Net, Inc.] 
  

									
	 Warner Center III\Health Net\JS\December 22, 2003
  
	  	
	  	
	  	
	  	

	 	  	Initial	  	Initial	  	Initial	  	Initial

 WARNER CENTER PLAZA 
  
 INDEX OF MAJOR DEFINED TERMS 
  

			
	 DEFINED TERMS

	  	PAGE

	 Additional Rent
	  	10
	 Affected Area
	  	35
	 Affiliate
	  	39
	 Affiliated Assignee
	  	39
	 Alterations
	  	25
	 Base Rent
	  	9
	 Base Year
	  	10
	 Brokers
	  	43
	 Building
	  	1
	 Building Common Areas
	  	2
	 Building Direct Expenses
	  	10
	 Building Operating Expenses
	  	10
	 Building Tax Expenses
	  	10
	 Certifying Contractor
	  	31
	 Claims
	  	27
	 Common Areas
	  	2
	 Communication Equipment
	  	56
	 Communication Equipment Notice
	  	56
	 Comparable Transactions
	  	8
	 Contemplated Effective Date
	  	38
	 Contemplated Term
	  	38
	 Contemplated Transfer Space
	  	38
	 Control
	  	39
	 Cost Pools
	  	21
	 Cure Notice
	  	35
	 Damage Termination Date.
	  	31
	 Damage Termination Notice
	  	31
	 Direct Expenses
	  	10
	 Economic Terms
	  	3
	 Emergency Cure Period
	  	25
	 Emergency Notice
	  	24
	 Essential Services
	  	35
	 Estimate
	  	21
	 Estimate Statement
	  	21
	 Estimated Additional Rent
	  	21
	 Expense Year
	  	10
	 First Offer Commencement Date
	  	3
	 First Offer Notice
	  	3, 4
	 First Offer Space
	  	2
	 Flex Passes
	  	44
	 Force Majeure
	  	51
	 Hazardous Material
	  	52
	 Holiday
	  	33
	 HVAC
	  	32
	 Information Estimate
	  	8
	 Intention to Transfer Notice
	  	38
	 Interest Rate
	  	52
	 Landlord
	  	1
	 Landlord Parties
	  	27
	 Landlord Repair Items
	  	24
	 Landlord’s Designee
	  	44
	 Laws
	  	52

  

  
 WARNER CENTER TOWERS

 [Health Net, Inc.] 
  

									
	 Warner Center III\Health Net\JS\December 22, 2003
  
	  	
	  	
	  	
	  	

	 	  	Initial	  	Initial	  	Initial	  	Initial

			
	 Lease
	  	1
	 Lease Expiration Date
	  	7
	 Lease Term
	  	7
	 Lease Year
	  	7
	 Legal Requirements
	  	24
	 Monument Signage
	  	49
	 Necessary Action
	  	24
	 Notice Date
	  	24
	 Notices
	  	45
	 Objectionable Name
	  	49
	 Offset Right
	  	25
	 Operating Expenses
	  	11
	 Option Notice
	  	8
	 Option Rent
	  	7
	 Option Rent Notice
	  	8
	 Option Term
	  	7
	 Original Tenant
	  	4, 5
	 Outside Agreement Date
	  	8
	 Package Units
	  	33
	 Premises
	  	1
	 Project
	  	1
	 Project Common Areas
	  	2
	 Proposition 13
	  	17
	 Renovations
	  	55
	 Rent
	  	10
	 Repair Invoice
	  	25
	 Repair Notice
	  	24
	 Required Action
	  	24
	 Review Period
	  	22
	 Roof Passes
	  	44
	 Rules and Regulations
	  	23
	 Second Notice
	  	24
	 Secured Areas
	  	48
	 Six Month Period
	  	39
	 Statement
	  	21
	 Structure Two Passes
	  	44
	 Subject Space
	  	36
	 Subleasing Costs
	  	38
	 Summary
	  	1
	 Superior Rights
	  	3
	 Systems and Equipment
	  	16
	 Tax Expenses
	  	16
	 Tenant
	  	1
	 Tenant Insured Items
	  	27
	 Tenant Parties
	  	27
	 Tenant’s Building Share
	  	20
	 Tenant’s Common Area Share
	  	20
	 Tenant’s Review Period
	  	8
	 Tenant’s Share
	  	20
	 Tenant’s Share of Building Direct Expenses
	  	20
	 Transfer Notice
	  	36
	 Transfer Premium
	  	37
	 Transferee
	  	36
	 Transfers
	  	36

  
  

  
 WARNER CENTER TOWERS

 [Health Net, Inc.] 
  

									
	 Warner Center III\Health Net\JS\December 22, 2003
  
	  	
	  	
	  	
	  	

	 	  	Initial	  	Initial	  	Initial	  	Initial

 WARNER CENTER TOWERS 
  
 SUMMARY OF BASIC LEASE INFORMATION 
  
 The undersigned hereby agree to the following terms of this Summary of Basic
Lease Information (the “Summary”). This Summary is hereby incorporated into and made a part of the attached Office Lease (the “Office Lease”) which pertains to the “Project”, as that term is defined in the
Office Lease, commonly known as “Warner Center Towers” located in Woodland Hills, California. This Summary and the Office Lease are collectively referred to herein as the “Lease”. Each reference in the Office Lease
to any term of this Summary shall have the meaning set forth in this Summary for such term. In the event of a conflict between the terms of this Summary and the Office Lease, the terms of the Office Lease shall prevail. Any capitalized terms used
herein and not otherwise defined herein shall have the meanings set forth in the Office Lease. 
  

											
	 TERMS OF LEASE
(References are to the Office Lease)

	 	 DESCRIPTION

		
	 1.      Date:
	 	December 22, 2003.
		
	 2.      Landlord:
	 	DOUGLAS EMMETT REALTY FUND 2000,
a California limited partnership
		
	 3.      Tenant:
	 	HEALTH NET, INC., a Delaware corporation
		
	 4.      Premises (Article 1).
	 	 
		
	 4.1    Building Address:
	 	21650 Oxnard Street, Woodland Hills, California 91367.
				
	 4.2    Premises:
	 	 Floor

	 	 Usable Square Feet

	 	 Rentable Area

	 	 	15	 	    8,488	 	  10,193
	 	 	21	 	  23,584	 	  26,558
	 	 	22	 	  23,584	 	  26,558
	 	 	24	 	  23,584	 	  26,558
	 	 	25	 	  22,778	 	  25,621
	 	 	TOTAL:	 	102,018	 	115,448
		
	 5.      Lease Term (Article 2).
	 	 
		
	 5.1    Length of Term:
	 	Ten (10) years.
		
	 5.2    Lease Commencement Date:
	 	January 1, 2005.
		
	 5.3    Lease Expiration Date:
	 	December 31, 2014.

  

  
 WARNER CENTER TOWERS

 [Health Net, Inc.] 
  

									
	 Warner Center III\Health Net\JS\December 22, 2003
  
	  	
	  	
	  	
	  	

	 	  	Initial	  	Initial	  	Initial	  	Initial

	6.	Base Rent (Article 3): 

  

							
	 Period

	  	Annual
Base Rent

	  	Monthly
Installment
of Base Rent

	 1/1/05 - 1/31/05
	  	 	—  	  	$	130,435.11
	 2/1/05 - 6/30/05
	  	 	—  	  	$	108,695.92
	 7/1/05 - 1/31/07
	  	$	2,608,702.20	  	$	217,391.85
	 2/1/07 - 1/31/08
	  	$	2,660,876.28	  	$	221,739.69
	 2/1/08 - 1/31/09
	  	$	2,714,093.76	  	$	226,174.48
	 2/1/09 - 1/31/10
	  	$	2,768,375.64	  	$	230,697.97
	 2/1/10 - 1/31/11
	  	$	2,823,743.16	  	$	235,311.93
	 2/1/11 - 1/31/12
	  	$	2,880,218.04	  	$	240,018.17
	 2/1/12 - 1/31/13
	  	$	2,937,822.36	  	$	244,818.53
	 2/1/13 - 1/31/14
	  	$	2,996,578.80	  	$	249,714.90
	 2/1/14 - 12/31/14
	  	$	3,056,510.40	  	$	254,709.20

  

			
	 7.      Additional Rent (Article 3).
	 	 
		
	 7.1    Base Year (Operating Expenses):
	 	The calendar year of 2005.
		
	 Base Year (Real Estate Taxes):
	 	Tax Year 2005/2006
		
	 7.2    Tenant’s Share and Tenant’s Building Share:
	 	19.029%.
		
	 7.3    Tenant’s Common Area Share :
	 	9.626%.
		
	 8.      Security Deposit (Article 4):
	 	Waived.
		
	 9.      Parking Pass Ratio (Article 18):
	 	Four (4) parking passes for every 1,000 usable square feet of the Premises.

  

  
 WARNER CENTER TOWERS

 [Health Net, Inc.] 
  

									
	 Warner Center III\Health Net\JS\December 22, 2003
  
	  	
	  	
	  	
	  	

	 	  	Initial	  	Initial	  	Initial	  	Initial

			
		
	 10.    Address of Tenant (Section 19.5):
	 	 Health Net, Inc.
 21650 Oxnard Street
 Woodland Hills, California 91367
 Attention: Director of
Facilities

		
	 	 	With copies to:
		
	 	 	 Health Net, Inc., Post Office Box 2470, Rancho Cordova, California, 95741-2470
 Attention: Director of Real Estate

		
	 11.    Broker(s) (Article 14):
	 	Cushman and Wakefield of California, Inc.

  

  
 WARNER CENTER TOWERS

 [Health Net, Inc.] 
  

									
	 Warner Center III\Health Net\JS\December 22, 2003
  
	  	
	  	
	  	
	  	

	 	  	Initial	  	Initial	  	Initial	  	Initial

 OFFICE LEASE 
  
 This Office Lease, which includes the preceding Summary of Basic Lease Information (the “Summary”) attached
hereto and incorporated herein by this reference (the Office Lease and Summary are collectively referred to herein as the “Lease”), dated as of the date set forth in Section 1 of the Summary is made by and between, DOUGLAS EMMETT
REALTY FUND 2000, a California limited partnership (“Landlord”), and HEALTH NET, INC., a Delaware corporation (“Tenant”). Tenant currently occupies the Premises (as hereinafter defined) pursuant to that certain
Office Lease dated September 9, 1998 between Landlord’s predecessor in interest, AH Warner Center Properties, Limited Liability Company, a Delaware limited liability company, and Tenant’s predecessor in interest, Foundation Health Systems,
Inc., a Delaware corporation, as amended by that certain First Amendment to Lease dated August 8, 2000 (“First Amendment”) and that certain Second Amendment to Lease dated as of the date hereof (the “Second
Amendment” and, collectively, the “Original Lease”). It is the understanding and agreement of Landlord and Tenant that this Lease shall govern all of the respective rights and obligations of Landlord and Tenant regarding
Tenant’s tenancy from and after the Commencement Date (as defined in the Summary) and that, from and after the Commencement Date, the Original Lease shall be terminated and shall have no force or effect. 
  
 ARTICLE 1 
  
 PREMISES, BUILDING, PROJECT, AND COMMON AREAS 
  
 1.1 The Premises. Upon and subject to the terms, covenants and conditions hereinafter set forth in this Lease,
Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the premises set forth in Section 4.2 of the Summary (the “Premises”). The outline of the Premises is set forth in Exhibit A attached hereto. Tenant’s
rights to the Premises include the limited right to use and access the janitorial closet and the electrical and telephone rooms on the floors containing the Premises as reasonably necessary for Tenant’s effective and efficient use of the
Premises, subject to Landlord’s notice and consent rights under Section 6.2 below. Tenant shall also be permitted to enter such areas to service its equipment. Tenant shall have the right to use, or access, any ceilings or space above and the
ceilings and floors on the floors containing the Premises to the extent necessary to service Tenant’s equipment in the Premises and to run wires, cables and other conduits to the Premises to the extent permitted by applicable laws, subject to
Landlord’s notice and consent rights under Section 6.2 below. In addition, Tenant shall be allowed to use such space as necessary for providing utility services such as the installation of computer cable conduits and core drilling, subject to
Landlord’s consent rights under Section 6.2 below. Tenant’s rights to the Premises include the right to use and access any floors or walls on the floors containing the Premises to install equipment, wiring, cables, conduits and the like as
necessary to service Tenant’s equipment in the Premises, subject to Landlord’s notice and consent rights under Section 6.2 below. Tenant shall be entitled to, and Landlord shall provide at no additional cost to Tenant, non-exclusive use of
the riser space in the Building, in order for Tenant to achieve telephone and data network transmission connectivity between the Premises and all other premises of Tenant and its Affiliates located in the Building. Tenant acknowledges that it has
independently determined that said existing conduit(s) and riser(s) shall be adequate for Tenant’s intended use, and that the Landlord does not warrant the suitability of such conduit(s) and/or riser(s) for Tenant’s use now or in the
future. Furthermore, Landlord’s responsibility for maintenance and repair of said conduit(s) and riser(s) shall be limited to those maintenance and repair obligations as set forth elsewhere in this Lease. Notwithstanding anything to the
contrary set forth in this Lease, in no event shall Tenant take any action in the Premises or the Building which may adversely affect the “Systems and Equipment,” as that term is defined in Section 3.3.8 of this Lease, without the prior
written consent of Landlord. No provision of this Lease shall limit Landlord’s responsibility to perform Landlord’s Work in accordance with the terms of the Second Amendment. 
  
 1.2 The Building and The Project. The Premises are a part of the building set forth in Section 4.1 of the Summary
(the “Building”). The Building is part of an office project known as WARNER CENTER TOWERS. The term “Project,” as used in this Lease, shall mean (i) the 

  

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Building and the “Common Areas”, as that term is defined in Section 1.3 below, (ii) the land (which is improved with landscaping, parking
facilities and other improvements as shown on Exhibit B attached hereto) upon which the Building and the Common Areas are located, and (iii) at Landlord’s reasonable discretion, any additional real property, areas, land, buildings or other
improvements added thereto pursuant to the terms of Section 1.4 of this Lease; provided that no such additions shall result in an increase in Direct Expenses allocated to Tenant under this Lease. 
  
 1.3 Common Areas. Tenant shall have the non-exclusive right to use in
common with other tenants in the Project, and subject to the rules and regulations referred to in Article 5 of this Lease, those portions of the Project which are provided, from time to time, for use in common by Landlord, Tenant and any other
tenants of the Project (such areas, together with such other portions of the Project designated by Landlord, in its discretion, including certain areas designated for the exclusive use of certain tenants, or to be shared by Landlord and certain
tenants, are collectively referred to herein as the “Common Areas”). The Common Areas shall consist of the “Project Common Areas” and the “Building Common Areas”. The term “Project Common Areas”,
as used in this Lease, shall mean the portion of the Project designated as such by Landlord, and may include, without limitation, any fixtures, systems, signs, facilities, parking areas, gardens, parks or other landscaping contained, maintained or
used in connection with the Project, and may include any city sidewalks adjacent to the Project, pedestrian walkway system, whether above or below grade, park or other facilities open to the general public and roadways, sidewalks, walkways,
parkways, driveways and landscape areas appurtenant to the Project. The location of the Project Common Areas as of the date of this Lease is shown on Exhibit B attached hereto. The term “Building Common Areas”, as used in this
Lease, shall mean the portions of the Common Areas located within the Building designated as such by Landlord, and may include, without limitation, the common entrances, lobbies, atrium areas, restrooms, elevators, stairways and accessways, loading
docks, ramps, drives, platforms, passageways, serviceways, common pipes, conduits, wires, equipment, loading and unloading areas, parking facilities and trash areas servicing the Building. The Common Areas shall be maintained and operated in a first
class manner. 
  
 1.4 Landlord’s Use and Operation of the
Building, Project, and Common Areas. Provided Landlord does not unreasonably interfere with Tenant’s normal and customary business operations and to the extent the Tenant Improvements and Alterations are not damaged and Tenant is not denied
the beneficial use of its Premises, Landlord reserves the right from time to time without notice to Tenant (i) to close temporarily any of the Common Areas; (ii) to make changes to the Common Areas, including, without limitation, changes in the
location, size, shape and number of street entrances, driveways, ramps, entrances, exits, passages, stairways and other ingress and egress, direction of traffic, landscaped areas, loading and unloading areas, and walkways; (iii) to expand the
Building; (iv) to add additional buildings and improvements to the Common Areas; (v) to designate land outside the Project to be part of the Project, and in connection with the improvement of such land to add additional buildings and common areas to
the Project and/or to delete land and improvements from the Project; (vi) to use the Common Areas while engaged in making additional improvements, repairs or alterations to the Project or to any adjacent land, or any portion thereof; and (vii) to do
and perform such other acts and make such other changes in, to or with respect to the Project, Common Areas and Building or the expansion thereof as Landlord may deem to be appropriate; provided that Landlord’s actions under items (iii), (iv),
(v) and (vi) shall not result in an increase in Direct Expenses allocated to Tenant under this Lease. 
  
 1.5 Intentionally Omitted. 
  
 1.6 Right of First Offer. Landlord hereby grants to Tenant a right of first offer with respect to that certain space consisting of, collectively,
any additional space contiguous to the initial Premises (including available space on floors contiguous to the floors on which the initial Premises is located) and any space on the fifteenth (15th), sixteenth (16th) and
nineteenth (19th) floors of the Building which become vacant and actually available for lease during the initial Term and any extension thereof (collectively, the “First Offer Space”). If Tenant does not lease any increment of First
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this Section 1.6, Tenant shall have no further right to lease such increment of First Offer Space. Notwithstanding the foregoing, such first offer right
shall be subordinate and secondary to all rights of expansion, first refusal, first offer or similar rights granted to the tenants of the Building as of the date of this Lease (collectively, the “Superior Rights”), which Superior
Rights are set forth on Exhibit G attached to this Lease. Tenant’s right of first offer shall be on the terms and conditions set forth in this Section 1.6. 
  
 1.6.1 Procedure for Offer. Landlord shall notify Tenant (the “First Offer Notice”)
the first time after the date of this Lease that Landlord receives a proposal or request for proposal for all or any portion of the First Offer Space which Landlord would seriously consider. The First Offer Notice shall describe the space which is
the subject of the First Offer Notice and shall set forth the size and location of such space, the economic terms and conditions which Landlord would accept for Tenant’s lease of such space (collectively, the “Economic Terms”),
including, without limitation, the Base Rent, any contribution by Landlord to Direct Expenses, any concessions and any contribution by Landlord to the improvement of the First Offer Space. Such Economic Terms shall constitute Landlord’s good
faith determination of the then prevailing fair market economic terms for such space. 
  
 1.6.2 Procedure for Acceptance. If Tenant wishes to exercise Tenant’s right of first offer with respect to the space described
in the First Offer Notice, then within ten (10) business days after delivery of the First Offer Notice to Tenant, Tenant shall deliver notice to Landlord of Tenant’s intention to exercise its right of first offer with respect to the entire
space described in the First Offer Notice. If concurrently with Tenant’s exercise of the first offer right, Tenant notifies Landlord that it does not accept the Economic Terms set forth in the First Offer Notice, Landlord and Tenant shall, for
a period of fifteen (15) business days after Tenant’s exercise, negotiate in good faith to reach agreement as to such Economic Terms. If Tenant does not so notify Landlord that it does not accept the Economic Terms set forth in the First Offer
Notice concurrently with Tenant’s exercise of the first offer right, the Economic Terms shall be as set forth in the First Offer Notice. In addition, if Tenant does not exercise its right of first offer within the ten (10) business day period,
or, if Tenant exercises its first offer right but timely objects to Landlord’s determination of the Economic Terms and if Landlord and Tenant are unable to reach agreement on such Economic Terms within said fifteen (15) business day period,
then Landlord shall be free to lease the space described in the First Offer Notice to anyone to whom Landlord desires on any terms Landlord desires and Tenant’s right of first offer shall terminate as to the First Offer Space described in the
First Office Notice; provided that, if Landlord desires to lease the same First Offer Space to any third party but increase or decrease the size of such First Offer Space by more than twenty-five percent (25%) or Landlord intends to accept an offer
from a prospective tenant and the net effective rent that is at least ten percent (10%) less than the net effective rent offered to Tenant, Landlord shall be required to give Tenant another First Offer Notice with respect to such increased or
decreased First Offer Space and Tenant’s rights in connection therewith shall renew under this Section 1.6, except that the ten (10) and fifteen (15) business day periods set forth above shall be reduced to five (5) and ten (10) business days,
respectively. Notwithstanding anything to the contrary contained herein, Tenant must elect to exercise its right of first offer, if at all, with respect to all of the space offered by Landlord to Tenant at any particular time, and Tenant may not
elect to lease only a portion thereof. 
  
 1.6.3
Lease of First Offer Space. If Tenant timely exercises Tenant’s right to lease the First Offer Space as set forth herein, Landlord and Tenant shall execute an amendment that is acceptable to Landlord and Tenant in the exercise of their
commercially reasonable judgment adding such First Offer Space to this Lease upon the same non-economic terms and conditions as applicable to the initial Premises, and the Economic Terms and conditions as provided in this Section 1.6. Tenant shall
commence payment of Rent for the First Offer Space and the Lease Term of the First Offer Space shall commence upon the date (“First Offer Commencement Date”) which is the earlier of (i) the expiration of a reasonable build-out
period determined as a component of the Economic Terms, and (ii) the date that Tenant, or any person occupying any of the First Offer Space with Tenant’s permission, commences business operations from the First Offer Space, subject to any
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commencement of Rent as determined as part of the Economic Terms. The Lease Term for the First Offer Space shall expire on the Lease Expiration Date, subject
to extension as provided in Section 2.2 of this Lease, co-terminously with Tenant’s lease of the initial Premises. 
  
 1.6.4 Termination of Right of First Offer. The rights set forth in this Section 1.6, and Landlord’s obligations with respect
thereto, shall be exercisable only by the originally-named Tenant (“Original Tenant”) and any Affiliated Assignee (as defined in Section 11.7) and any Permitted Assignee of the Original Tenant’s interest in this Lease, provided
that the assignee of the subject assignment assumes Tenant’s obligations to lease the entire Premises then being leased by Tenant. Tenant’s right of first offer hereunder shall not be effective in any period during which more than forty
percent (40%) of the rentable area of the Premises is subject to a sublease, other than to an Affiliated Assignee. Tenant shall not have the right to lease the First Offer Space if, as of the date of the attempted exercise of any right of first
offer by Tenant, or, at Landlord’s option, as of the scheduled date of delivery of such First Offer Space to Tenant, Tenant is in default under this Lease after notice and lapse of any applicable cure periods. 
  
 1.7 Right to Expand. Landlord hereby grants to Tenant herein the right
during the initial Term and any extensions thereof, and if exercised in accordance with this Lease, to lease any space contiguous to the initial Premises, including any space one floor immediately above or one floor immediately below the initial
Premises, that is vacant and actually available for lease (the “Expansion Space”) upon the terms and conditions set forth in this Section 1.7. Notwithstanding the foregoing, such right to expand shall be subordinate and secondary to
all Superior Rights. The expansion option contained in this Section 1.7 may be exercised only in accordance with the procedures described herein. 
  
 1.7.1 Method of Exercise. Tenant shall from time to time, but in no event more than two (2) times in any calendar year, deliver
written notice to Landlord, stating that Tenant is interested in exercising its option hereunder and specifying the size and location of the space desired (the “Expansion Notice”). Within fifteen (15) business days after delivery of
the Expansion Notice to Landlord, Landlord shall deliver to Tenant a list of any Expansion Space that is then vacant and available for lease, and any space that, to Landlord’s actual knowledge, will be vacant and available for lease within six
(6) months after Landlord’s receipt of the Expansion Notice, along with a proposed letter of intent which shall contain Landlord’s estimate of the Expansion Rent (as hereinafter defined) for the applicable Expansion Space and such other
material terms as Landlord deems appropriate (collectively, an “Expansion Notice Response”), provided that such letter of intent shall be non-binding and shall not create any liability for or obligation of either party. The Base
Rent to be paid by Tenant for any Expansion Space shall be ninety-five percent (95%) of then prevailing fair market rent for such Expansion Space as of the date of the proposed commencement date of the term of the lease for such Expansion Space
(“Expansion Rent”). The prevailing fair market rent shall be based on the same criteria for determining fair market rent as a basis for Option Rent as specified in Section 2.2.1 below. Landlord shall determine the Expansion Rent by
using its good faith judgment. Tenant shall have five (5) business days (“Tenant’s Expansion Rent Review Period”) after receipt of Landlord’s Expansion Notice Response within which to accept such rental rate or to
reasonably object thereto in writing. Tenant’s failure to object by written notice to Landlord within said five (5) business day period shall be deemed to constitute Tenant’s disapproval of the Expansion Rent specified by Landlord in the
letter of intent. In the event Tenant timely objects in writing, or is deemed to have objected by failing to object in writing within said five (5) business day period, Landlord and Tenant shall attempt to agree upon such Expansion Rent using their
diligent good faith efforts. If Landlord and Tenant fail to reach agreement within twenty (20) days following Tenant’s Expansion Rent Review Period (“Outside Expansion Agreement Date”), then the Expansion Rent shall be
determined by arbitration in accordance with Sections 1.7.1.1 through 1.7.1.7 below. 
  
 1.7.1.1 Landlord and Tenant shall each appoint one arbitrator who shall by profession be a real estate broker or appraiser who shall have
been active over the ten (10) year period ending on the date of such appointment in the leasing (or appraisal, as the case may be) of commercial high-rise properties in the Woodland Hills, California area. The 

  

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determination of the arbitrators shall be limited solely to the issue of whether Landlord’s or Tenant’s submitted Expansion Rent is the closest to
the actual Expansion Rent, as determined by the arbitrators, taking into account the requirements of this Section 1.7 (i.e., the arbitrators may only select Landlord’s or Tenant’s determination and shall not be entitled to make a
compromise determination). Each such arbitrator shall be appointed within fifteen (15) business days after the applicable Outside Expansion Agreement Date. 
  
 1.7.1.2 The two (2) arbitrators so appointed shall within five (5) days of the date of the appointment of the last appointed arbitrator
agree upon and appoint a third arbitrator who shall be qualified under the same criteria set forth hereinabove for qualification of the initial two (2) arbitrators. 
  
 1.7.1.3 The three (3) arbitrators shall within five (5) days of the appointment of the third arbitrator
reach a decision as to whether the parties shall use Landlord’s or Tenant’s submitted Expansion Rent and shall notify Landlord and Tenant thereof. 
  
 1.7.1.4 The decision of the majority of the three (3) arbitrators shall be binding upon Landlord and Tenant. 
  
 1.7.1.5 If either Landlord or Tenant fails to appoint an
arbitrator within fifteen (15) business days after the applicable Outside Expansion Agreement Date, the arbitrator appointed by one of them shall reach a decision, notify Landlord and Tenant thereof, and such arbitrator’s decision shall be
binding upon Landlord and Tenant. 
  
 1.7.1.6 If
the two (2) arbitrators fail to agree upon and appoint a third arbitrator, or both parties fail to appoint an arbitrator, then the appointment of the third arbitrator or any arbitrator shall be dismissed, then the determination of Expansion Rent
shall be forthwith submitted to arbitration under the provisions of the American Arbitration Association, but subject to the instruction set forth in this Section 1.7.1. 
  
 1.7.1.7 The cost of arbitration shall be paid by Landlord and Tenant equally. 
  
 1.7.2 Expansion Space Accepted “As-Is”.
Tenant shall take the Expansion Space in its “as is” condition, subject to any latent defects. 
  
 1.7.3 Amendment to Lease. If Tenant timely exercises Tenant’s right to lease the Expansion Space as set forth herein, Landlord
and Tenant shall within fifteen (15) business days after determination of the Expansion Rent execute an amendment adding such Expansion Space to the Lease and incorporating all of the other terms of Landlord’s letter of intent delivered as part
of Landlord’s Expansion Notice Response. The term for any space leased by Tenant pursuant to the exercise of this right shall be coterminous with the initial Lease term or any extension term, as applicable. 
  
 1.7.4 Termination of Expansion Right. The rights set
forth in this Section 1.7, and Landlord’s obligations with respect thereto, shall be exercisable only by the Original Tenant, any Affiliated Assignee (as defined in Section 11.7) and any Permitted Assignee of the Original
Tenant’s interest in this Lease, provided that the assignee of the subject assignment assumes Tenant’s obligations to lease the entire Premises then being leased by Tenant. Tenant’s expansion hereunder shall not be effective in any
period during which more than forty percent (40%) of the rentable area of the Premises is subject to a sublease, other than to an Affiliated Assignee. Tenant shall not have the right to lease any Expansion Space if, as of the date of the attempted
exercise of any right of first offer by Tenant, or, at Landlord’s option, as of the scheduled date of delivery of such Expansion Space to Tenant, Tenant is in default under this Lease after notice and lapse of any applicable cure periods.

  

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 1.8 Right to Contract. Tenant may elect to reduce the Rentable Area of the Premises by up to two
(2) full floors, as such floors are identified herein (collectively, the “Returned Space”) by complying with all of the provisions of this Section 1.8. 
  
 1.8.1 Twenty-Second Floor Returned Space. Tenant may, as of the end of the seventy-second
(72nd) full calendar month of the initial Term (the “First Reduction Date”), return possession to
Landlord of up to the entire twenty-second (22nd) floor (“Twenty-Second Floor Returned Space”), by
giving Landlord at least twelve (12) months prior written notice (the “First Reduction Notice”). With respect to any portion of the Twenty-Second Floor Returned Space not surrendered by Tenant as of the First Reduction Date
(“Unused Increment”), such Unused Increment may be added to the Twenty-First Floor Returned Space (as hereinafter defined) upon delivery of not less than twelve (12) months prior written notice to Landlord. 
  
 1.8.2 Twenty-First Floor Returned Space. Tenant may,
as of the end of the ninety-sixth (96th) full calendar month of the initial Term (the “Second Reduction Date”), return possession to Landlord of up to the entire twenty-first (21st) floor and any Unused Increment (collectively, the
“Twenty-First Floor Returned Space”), by giving Landlord at least twelve (12) months prior written notice (the “Second Reduction Notice”). 
  
 1.8.3 Contingencies to Contraction. Tenant’s right to exercise its right to reduce its rentable
area hereunder is subject to, in each case, the following conditions (a) the First Reduction Notice and the Second Reduction Notice, as applicable, shall be duly and timely received by Landlord; (b) as of the date Landlord receives the First
Reduction Notice and/or Second Reduction Notice, as applicable, Tenant is in not default under this Lease after notice and lapse of any applicable cure periods; (c) prior to the First Reduction Date and/or Second Reduction Date, as applicable,
Tenant shall execute an amendment that is acceptable to Landlord and Tenant in the exercise of their commercially reasonable judgment (“Contraction Amendment”), documenting the surrender of the subject Returned Space (and the
commensurate reduction in Tenant’s Share and Tenant’s Common Area Share) and providing for Tenant’s agreement to surrender the space in broom clean condition, reasonable wear and tear excepted, and, at Landlord’s election, for
Tenant’s removal of any Extraordinary Improvements (as such term is defined in the Second Amendment) in the subject Returned Space at Tenant’s sole cost, if, at the time such improvements or alterations were installed, Landlord provided
Tenant with written notice that the same shall be removed by Tenant at Tenant’s sole cost; and (d) Tenant shall comply with all the requirements contained in this Section 1.8 (including, without limitation, the payment of funds as specified in
Section 1.8.4 below). Provided that the conditions set forth above are performed, then as of the First Reduction Date or Second Reduction Date, as applicable, Tenant shall be released from liability for any of its obligations hereunder with respect
to the subject Returned Space only. 
  
 1.8.4
Tenant’s Compensation to Landlord for Contraction. In the case of any Returned Space, Tenant shall pay to Landlord a contraction fee equal to the sum of (a) the prorated portion of the then-unamortized leasing commissions and tenant
improvement allowance for the applicable Returned Space (including leasing commissions, and tenant improvement funds expended by Landlord) to be amortized based on an interest rate of eight percent (8%) per annum, (b) the sum of three (3)
months’ Base Rent calculated using the rentable area of the subject Returned Space (at the rate then being paid by Tenant for such space) and (c) with respect to any Reduced Space that is on a floor on which there is no multi-tenant corridor,
Landlord’s commercially reasonable estimate of the cost of installing such a corridor using Landlord’s then established standard design and materials (collectively, the “Contraction Fee”). The Contraction Fee shall be due
on or before the effective date of the subject contraction. Assuming that (i) Tenant elects to retain the fifteenth (15th) floor portion of the Premises pursuant to Section 1.9 of this Lease and (ii) Tenant surrenders the entire twenty-second (22nd) floor on the First Reduction Date and the entire twenty-first (21st) floor on the Second Reduction Date (i.e., that there is no Unused Increment on the Second Reduction Date), then the Contraction Fee with respect to
the Twenty-Second Floor Returned Space shall be $880,943.49 and the Contraction Fee with respect to the Twenty-First Floor Returned Space shall be $556,743.25, plus, in each case, with respect to any Reduced Space that is on a floor on which there
is no multi-tenant corridor, Landlord’s commercially reasonable estimate of the cost of installing such a corridor using Landlord’s then established standard design and materials. As soon as is reasonably possible after Landlord’s
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Reduction Notice, as applicable, Landlord shall send to Tenant a final statement itemizing the amount of the Contraction Fee owed by Tenant. 
  
 1.8.5 Termination/Expiration of Contraction Right. If
Tenant fails to comply with the requirements of this Section 1.8 or fails to pay the required amount of the Contraction Fee within the specified time period, such failure shall constitute a material default of this provision and shall serve to
nullify the terms and conditions of this provision, in which case this Lease shall continue in full force and effect for the remainder of the Term for the entire Premises. The rights set forth in this Section 1.8, and Landlord’s obligations
with respect thereto, shall be exercisable only by the Original Tenant and any Affiliated Assignee (as defined in Section 11.7) and any Permitted Assignee of the Original Tenant’s interest in this Lease, provided that the assignee of the
subject assignment assumes Tenant’s obligations to lease the entire Premises then being leased by Tenant. Tenant shall not have the right to contract any space if, as of the date of the attempted exercise of any right by Tenant, or, at
Landlord’s option, as of the scheduled effective date of such contraction, Tenant is in default under this Lease after notice and lapse of any applicable cure periods. In the event that Tenant has not delivered the Second Reduction Notice on or
before the Second Reduction Date, then on the first calendar day after the Second Reduction Date, the provisions of this Section 1.8 shall be deemed null, void and of no further force or effect as to the Twenty-First Floor Returned Space.

  
 1.9 Tenant’s Election Regarding the Fifteenth
Floor. Provided Tenant delivers written notice to Landlord or before February 1, 2004, Tenant may elect to surrender the portion of its Premises on the fifteenth (15th) floor (as specified in Section 4.2 of the Summary of Basic Lease Information) without penalty or the payment of any costs, provided that Tenant shall comply
with the provisions of Section 19.15 of this Lease. In the event Tenant elects to surrender such portion of the Premises, Tenant shall vacate and surrender the Premises in accordance with Section 19.15 on or before January 1, 2005, before which date
Tenant shall perform all of its obligations with respect to such space as provided in the Original Lease, as amended prior to the date hereof. 
  
 ARTICLE 2 
  
 LEASE TERM 
  
 2.1 Initial Term. The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall be as set forth in Section 5.1 of the
Summary, shall commence on the dates set forth in Section 5.2 of the Summary, and shall terminate on the date set forth in Section 5.3 of the Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated or extended
as hereinafter provided. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. Landlord may deliver to Tenant a factually correct notice in the form as set
forth in Exhibit D, attached hereto, which Tenant shall execute and return to Landlord within ten (10) business days after receipt thereof 
  

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 2.2 Option Terms. Landlord hereby grants to the Tenant one (1) option to extend the Lease Term for
a period of eight (8) years (“Option Term”), which option shall be exercisable only by written notice delivered by Tenant to Landlord as provided in Section 2.2.2 below, provided that, as of the date of delivery of such notice and,
at Landlord’s option, as of the last day of the initial Lease Term, Tenant is not in default under this Lease after notice and expiration of applicable cure periods. The right contained in this Section 2.2 shall be personal to the Original
Tenant and any Affiliated Assignee or any Permitted Assignee (as such term is defined in Section 11.2), and may only be exercised by the Original Tenant or any Affiliated Assignee or any Permitted Assignee (and not any other assignee, sublessee or
other transferee of the Original Tenant’s interest in this Lease) provided that the assignee of the subject assignment assumes Tenant’s obligations to lease the entire Premises then being leased by Tenant. Exercise of the right under this
Section 2.2 shall not be effective if, as of the date of the Option Notice, more than forty percent (40%) of the rentable area of the Premises is subject to a sublease other than to an Affiliated Assignee. 
  
 2.2.1 Option Rent. The Rent payable by Tenant during
the Option Term (the “Option Rent”) shall be equal to ninety-five percent (95%) of the then prevailing fair market rent for the Premises as of the commencement date of the Option Term. The then prevailing fair market rent shall be
the rental rate, including all escalations, at which new, willing, comparable, non-equity, non-renewal, non-expansion, creditworthy tenants, as of the commencement of the Option Term, are entering into leases for non-sublease, non-encumbered space
comparable in size, location and quality to the Premises for a term of approximately the Option Term, which comparable space is located in comparable buildings (“Comparable Transactions”) in Warner Center. In any determination of
Comparable Transactions, appropriate consideration should be given to annual rental rates per rentable square foot, the standard of measurement by which the rentable square footage is measured, the ratio of rentable square feet to useable square
feet, the type of escalation clause (e.g., whether increases in additional rent are determined on a net or gross basis, and if gross, whether such increases are determined according to a base year or a base dollar amount expense stop), abatement
provisions reflecting free rent, length of the lease term, size and location of premises being leased, building standard work letter and/or tenant improvement allowances, if any, taking into account the value of the existing improvements in the
Premises as compared to the value of the then existing improvements for the Comparable Transactions, whether or not Landlord is obligated to pay a brokerage commission in connection with Tenant’s extension and other generally applicable
conditions of tenancy for such Comparable Transactions. The intent is that Tenant will obtain the same rent and other economic benefits that Landlord would otherwise give in Comparable Transactions. 
  
 2.2.2 Exercise of Options. If Tenant wishes to
exercise a renewal option hereunder, Tenant shall, on or before the date occurring fifteen (15) months prior to the expiration of the initial Lease Term for the Premises, exercise the option by delivering notice to Landlord of such exercise by
Tenant (the “Option Notice”). Landlord and Tenant acknowledge that if Tenant delivers the Option Notice, the Lease Term shall be extended for the Option Term for all space then leased by Tenant in the Building and any First Offer
Space then leased by Tenant and that the procedure for determination of the Option Rent as provided in this Section 2.2 below shall apply in order to determine the Option Rent for the entire Premises. Failure of Tenant to deliver the Option Notice
to Landlord on or before such date shall be deemed to constitute Tenant’s failure to exercise its option to extend. If Tenant timely and properly exercises its option to extend, the initial Lease Term shall be extended for the Option Term upon
all of the terms and conditions set forth in this Lease, except that the Rent shall be the Option Rent determined as follows. Tenant shall be entitled to request that Landlord notify Tenant of Landlord’s estimate of the Option Rent prior to
Tenant’s delivery of the Option Notice. Within thirty (30) days after such request by Tenant (but not earlier than eighteen (18). months prior to the expiration of the initial Lease Term or first Option Term, as applicable), Landlord shall
notify Tenant of Landlord’s estimate of the Option Rent for the applicable Option Term (the “Information Estimate”); provided that neither Tenant’s request for the Information Estimate nor Landlord’s notice thereof
shall create any liability for or obligation of either party. Landlord shall determine the Option Rent for the Option Term by using its good faith judgment. Whether or not Landlord has previously delivered the Information Estimate, Landlord shall
provide written notice (“Option Rent Notice”) of Landlord’s determination of the Option Rent within thirty (30) days after Tenant provides the Option Notice to Landlord; provided, however, that Landlord shall not be obligated
to provide the Option Rent Notice prior to the date which is eighteen (18) months before the commencement of the Option Term. Tenant shall have twenty (20) business days (“Tenant’s Review Period”) after receipt of
Landlord’s Option Rent Notice within which to accept such rental or to reasonably object thereto in writing. Tenant’s failure to object by written notice to Landlord within said twenty (20) business day period shall be deemed to constitute
Tenant’s disapproval of the Option Rent specified by Landlord in the Option Rent Notice. In the event Tenant timely objects in writing or is deemed to have objected by failing to object in writing within said five (5) business day period,
Landlord and Tenant shall attempt to agree upon such Option Rent using their diligent good faith efforts. If Landlord and Tenant fail to reach agreement within thirty (30) days following Tenant’s Review Period (“Outside Agreement
Date”), then the Option Rent shall be determined by arbitration in accordance with Sections 2.2.3.1 through 2.2.3.7 below. 
  

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 2.2.3 Determination of Option Rent. If Landlord and Tenant fail to reach agreement
on the Option Rent by the Outside Agreement Date, then each party shall make a separate determination of the Option Rent within five (5) business days after the Outside Agreement Date, concurrently exchange such determinations and such
determinations shall be submitted to arbitration in accordance with Sections 2.2.3.1 through 2.2.3.7 below. 
  
 2.2.3.1 Landlord and Tenant shall each appoint one arbitrator who shall by profession be a real estate broker or appraiser who shall have
been active over the ten (10) year period ending on the date of such appointment in the leasing (or appraisal, as the case may be) of commercial high-rise properties in the Woodland Hills, California area. The determination of the arbitrators shall
be limited solely to the issue of whether Landlord’s or Tenant’s submitted Option Rent is the closest to the actual Option Rent, as determined by the arbitrators, taking into account the requirements of Section 2.2.1 of this Lease (i.e.,
the arbitrators may only select Landlord’s or Tenant’s determination and shall not be entitled to make a compromise determination). Each such arbitrator shall be appointed within fifteen (15) business days after the applicable Outside
Agreement Date. 
  
 2.2.3.2 The two (2)
arbitrators so appointed shall within five (5) days of the date of the appointment of the last appointed arbitrator agree upon and appoint a third arbitrator who shall be qualified under the same criteria set forth hereinabove for qualification of
the initial two (2) arbitrators. 
  
 2.2.3.3 The
three (3) arbitrators shall within five (5) days of the appointment of the third arbitrator reach a decision as to whether the parties shall use Landlord’s or Tenant’s submitted Option Rent and shall notify Landlord and Tenant thereof.

  
 2.2.3.4 The decision of the majority of the
three (3) arbitrators shall be binding upon Landlord and Tenant, provided that in the event (a) such decision requires that the Option Rent submitted by Landlord shall be used and (b) Landlord’s Option Rent would result in a net effective rent
that exceeds by more than ten percent (10%) the net effective rent that Tenant last offered to be paid prior to the submission of Landlord’s and Tenant’s Option Rent to the arbitrators, then Tenant shall be permitted the one-time right to
revoke its Option Notice which right may be exercised by Tenant only by (i) Tenant delivering written notice to Landlord within two (2) business days of Tenant’s receipt of the arbitrators decision and (ii) Tenant paying any and all costs of
the arbitration to Landlord within thirty (30) days of receipt by Tenant of the arbitrator’s decision, and such requirement to pay such costs shall survive any termination of this Lease. In the event Tenant revokes its Option Notice, Tenant
shall have no further right to extend the Term of this Lease. 
  
 2.2.3.5 If either Landlord or Tenant fails to appoint an arbitrator within fifteen (15) business days after the applicable Outside Agreement Date, the arbitrator appointed by one of them shall reach a decision, notify
Landlord and Tenant thereof, and such arbitrator’s decision shall be binding upon Landlord and Tenant. 
  
 2.2.3.6 If the two (2) arbitrators fail to agree upon and appoint a third arbitrator, or both parties fail to appoint an arbitrator, then
the appointment of the third arbitrator or any arbitrator shall be dismissed and the Option Rent be decided shall be forthwith submitted to arbitration under the provisions of the American Arbitration Association, but subject to the instruction set
forth in this Section 2.2.3. 
  
 2.2.3.7 Subject
to Section 2.2.3.4 above, the cost of arbitration shall be paid by Landlord and Tenant equally. 
  
 ARTICLE 3 
  
 RENT

  
 3.1 Base Rent. Tenant shall pay, without prior
notice or demand, to Landlord or Landlord’s agent at the management office of the Project, or, at Landlord’s option, at such other 

  

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place as Landlord may from time to time designate in writing (provided any such notice changing the place for payment is given to Tenant no later than
fifteen (15) days prior to the next date that Base Rent is due), in a check for currency which, at the time of payment, is legal tender for private or public debts in the United States of America, base rent (“Base Rent”) as set
forth in Section 6 of the Summary, payable in equal monthly installments as set forth in Section 6 of the Summary in advance on or before the first day of each and every month during the Lease Term, commencing with respect to each floor of the
Premises on the Lease Commencement Date therefor as set forth in Section 5.2 of the Summary, without any setoff or deduction whatsoever (except as otherwise expressly set forth in this Lease). If any Rent payment date falls on a day of the month
other than the first day of such month or if any payment of Rent is for a period which is shorter than one month, the Rent for any fractional month shall be a proportionate amount of a full calendar month’s rental based on the proportion that
the number of days in such fractional month bears to the number of days in the calendar month during which such fractional month occurs. All other payments or adjustments required to be made under the terms of this Lease that require proration on a
time basis shall be prorated on the same basis. 
  
 3.2
Additional Rent. In addition to paying the Base Rent specified in Section 3.1 of this Lease, Tenant shall pay “Tenant’s Share” of the annual “Building Direct Expenses,” as those terms are defined in Sections 3.3.10
and 3.3.2 of this Lease, respectively, to the extent such Building Direct Expenses are in excess of Building Direct Expenses for the “Base Year,” as that term is defined in Section 3.3.1 of this Lease. Such payments by Tenant, together
with any and all other amounts payable by Tenant to Landlord pursuant to the terms of this Lease, are hereinafter collectively referred to as the “Additional Rent”, and the Base Rent and the Additional Rent are herein collectively
referred to as “Rent.” All amounts due under this Article 3 as Additional Rent shall be payable for the same periods and in the same manner as the Base Rent. Without limitation on other obligations of Tenant which survive the
expiration of the Lease Term, the obligations of Tenant to pay the Additional Rent provided for in this Article 3 and Landlord’s obligation to reimburse Tenant for overpayments, if any, of Additional Rent shall survive the expiration of the
Lease Term subject, however, to the limitations set forth in Section 3.3.7.2 below. 
  
 3.3 Definitions of Key Terms Relating to Additional Rent. As used in this Article 3, the following terms shall have the meanings hereinafter set forth: 
  
 3.3.1 “Base Year” shall be as set forth in
Section 7.1 of the Summary. 
  
 3.3.2
“Building Direct Expenses” shall mean “Building Operating Expenses” and “Building Tax Expenses”, as those terms are defined in Sections 3.3.3 and 3.3.4, below, respectively. 
  
 3.3.3 “Building Operating Expenses” shall
mean the portion of “Operating Expenses,” as that term is defined in Section 3.3.7 below, allocated to the tenants of the Building pursuant to the terms of Section 3.4.1 below. 
  
 3.3.4 “Building Tax Expenses” shall mean that portion of “Tax Expenses”, as that
term is defined in Section 3.3.9 below, allocated to the tenants of the Building pursuant to the terms of Section 3.4.1 below. 
  
 3.3.5 “Expense Year” shall mean each calendar year in which any portion of the Lease Term falls, through and including
the calendar year in which the Lease Term expires, provided that Landlord, upon notice to Tenant, may change the Expense Year from time to time to any other twelve (12) consecutive month period, and, in the event of any such change, Tenant’s
Share of Building Direct Expenses shall be equitably adjusted for any Expense Year involved in any such change. 
  
 3.3.6 “Direct Expenses” shall mean “Operating Expenses” and “Tax Expenses”. 
  
 3.3.7 “Operating Expenses” shall mean all
reasonable and actually incurred expenses, costs and amounts of every kind and nature which Landlord pays during 

  

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any Expense Year because of or in connection with the ownership, management, maintenance, repair, or operation of the Project, or any portion thereof.
Without limiting the generality of the foregoing, Operating Expenses shall specifically include any and all of the following: (i) the cost of supplying all utilities, the cost of operating, maintaining, repairing, complying with conservation
measures in connection with, and managing the utility systems, mechanical systems, sanitary and storm drainage systems, and elevator systems, and the cost of supplies and equipment and maintenance and service contracts in connection therewith; (ii)
the cost of licenses, certificates, permits and inspections and the cost of contesting the validity or applicability of any governmental enactments which may affect Operating Expenses, and the costs incurred in connection with the implementation and
operation of a transportation system management program or a municipal, private or public shuttle service or parking program; (iii) the cost of all insurance carried by Landlord in connection with the Project, or any portion thereof; (iv) the cost
of landscaping, relamping, and all supplies, tools, equipment and materials used in the operation, repair and maintenance of the Project, or any portion thereof; (v) the cost of parking area repair, restoration, and maintenance including, but not
limited to, resurfacing, repainting, restriping, and cleaning; (vi) fees, charges and other costs, including consulting fees, legal fees and accounting fees, of all contractors and consultants engaged by Landlord or reasonably incurred by Landlord
in connection with the management, operation, maintenance and repair of the Project, or any portion thereof including the fair market rental value of any office space utilized for such purpose (where the size of such office space is competitive with
the size of management office space included in Operating Expenses in other comparable projects of comparable size in the Los Angeles, California area and in no event more than 2,000 rentable square feet (provided further that such fair market
rental value shall not exceed the prevailing rents in the Building at that time)) and a commercially reasonable management/administrative fee not to exceed, in the aggregate, the greater of (x) three percent (3%) of the Building’s gross rents,
or (y) the percentage of the Building’s gross rents charged as a management fee in the Base Year; (vii) payments under any equipment rental agreements; (viii) wages, salaries and other compensation and benefits of all persons engaged in the
operation, maintenance or security of the Project, or any portion thereof, including employer’s Social Security taxes, unemployment taxes or insurance, and any other taxes which may be levied on such wages, salaries, compensation and benefits;
provided, that if any employees of Landlord provide services for more than one project of Landlord, then a prorated portion of such employees’ wages, benefits and taxes shall be included in Operating Expenses based on the portion of their
working time devoted to the Project, or any portion thereof; provided further that no portion of any employee’s wages, benefits, or taxes allocable to time spent on the development, marketing, financing, re-financing, sale, or leasing of the
Project shall be included in Operating Expenses; (ix) payments, fees or charges under any easement, license, operating agreement, declaration, restrictive covenant, or instrument pertaining to the sharing of costs by the Project, or any portion
thereof; (x) operation, repair and maintenance of all “Systems and Equipment,” as that term is defined in Section 3.3.8 of this Lease, and components thereof; (xi) the cost of janitorial services, alarm and security service, window
cleaning, trash removal, replacement of wall and floor coverings, ceiling tiles and fixtures in lobbies, corridors, restrooms and other common or public areas or facilities, maintenance and replacement of curbs and walkways and repair to roofs;
(xii) amortization (including interest on the unamortized cost at Landlord’s actual cost of funds) of the cost of acquiring or the rental expense of personal property used in the maintenance, operation and repair of the Project, or any portion
thereof; (xiii) the cost of capital improvements or other costs incurred in connection with the Project (A) which are intended to effect economies in the operation or maintenance of the Project, or any portion thereof, to the extent of the actual
cost savings achieved by Landlord, or (B) that are required under any governmental law or regulation that was not enacted prior to the Commencement Date of this Lease was fully executed and delivered or that was not applicable to the Project on the
Commencement Date of this Lease; provided, however, that any capital expenditure shall be amortized over its useful life as reasonably determined in accordance with applicable Internal Revenue Service regulations, and the unamortized cost of the
same shall bear interest at Landlord’s actual cost of funds; and (xiv) costs, fees, charges or assessments imposed by any federal, state or local government for fire and police protection, trash removal, community services, or other services
which do not constitute “Tax Expenses” as that term is defined in Section 3.3.9, below. If Landlord is not furnishing any particular work or service (the cost of which, if performed by Landlord, would be included in Operating Expenses) to
a tenant who has undertaken to perform such work or service in lieu of the performance thereof by Landlord, Operating Expenses shall be deemed to be increased by an amount equal to the additional Operating Expenses which would reasonably have been
incurred during such period by Landlord if it had at its own expense furnished such work or service to such tenant. If the Building is not one hundred percent (100%) occupied (calculated as if all tenants were paying full rent and irrespective of
any free-rent, partial-rent or other abatement that might be in effect at that time, it being the intention of Landlord and Tenant that the management fee, gross receipts tax, and any other expense that varies with the amount of rent collected,
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be calculated in the Base Year as if the all tenants were paying full rent) during all or a portion of any Expense Year, Landlord shall make an appropriate
adjustment to the variable components of Operating Expenses for such year employing sound accounting and management principles, to determine the amount of Operating Expenses that would have been paid had the Building been one hundred percent (100%)
occupied; and the amount so determined shall be deemed to have been the amount of Operating Expenses for such year. Landlord (x) shall not collect or be entitled to collect from Tenant an amount in excess of Tenant’s Share of one hundred
percent (100%) of the Operating Expenses; and (y) shall reduce the amount of the Operating Expenses by any refund or discount received by Landlord. If, in any Expense Year following the Base Year (a “Subsequent Year”), a new expense item
is included in Operating Expenses which was not included in the Base Year Operating Expenses, then the cost of such new item shall be added to the Base Year Operating Expenses for purposes of determining the Operating Expenses payable hereunder for
such Subsequent Year. During each Subsequent Year, the same amount shall continue to be included in the computation of Operating Expenses for the Base Year, resulting in each such Subsequent Year Operating Expenses only including the increase in the
cost of such new item over the Base Year, as so adjusted. However, if in any Subsequent Year thereafter, such new item is not included in Operating Expenses, no such addition shall be made to Base Year Operating Expenses. 
  
 Notwithstanding the foregoing, for purposes of this Lease, Operating Expenses
shall not, except as otherwise set forth in this Section 3.3, include: 
  
 (A) Any payments under a ground or master lease relating to the Building or the Project; 
  
 (B) Costs of items considered capital repairs, replacements, improvements and equipment under generally accepted accounting principles
consistently applied or otherwise except for the capital improvements identified in clause (xiii), above, in Section 3.3.7; 
  
 (C) Costs of structural repairs exceeding $10,000, including, but not limited to roof replacement; 
  
 (D) Depreciation of the Building and other real property
structures in the Project; 
  
 (E) Cost arising
from correction of latent defects in the Tenant Improvements installed by Landlord or latent defects in the base, shell or core of the Building/Project or improvements installed by Landlord or the repair thereof; 
  
 (F) Marketing costs including, without limitation,
attorneys’ fees in connection with the negotiation and preparation of letters, deal memos, letters of intent, leases, subleases and/or assignments, space planning costs, leasing commissions paid to agents of Landlord, other brokers or any other
persons, and other commissions, costs and expenses incurred in connection with lease, sublease and/or assignment negotiations and transactions with present or prospective tenants of the Building or any other portion of the Project; 
  
 (G) Costs, including permit, license and inspection costs,
incurred with respect to the installation of tenants’ or other occupants’ improvements in the Building (including Tenant’s) or incurred in renovating or otherwise improving, decorating, painting or redecorating vacant space for
tenants or other occupants of the Building; 
  
 (H) Interest, principal, points, closing costs and fees on debt or amortization payments on any real property mortgages or deeds of trust and ground lease payments or any other debt instrument encumbering the Building or the Project, and
other costs and charges in connection therewith such as, without limitation, environmental investigation or reports, legal fees and brokerage fees; 
  
 (I) Any costs associated with the purchase or rental of furniture, fixtures or equipment for marketing and leasing offices; 

 

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 (J) The cost of services, utilities or other benefits including, but not limited
payroll, material and contract costs which are not offered to Tenant or for which Tenant is charged directly but which are provided to another tenant or occupant of the Building, including, but not limited to, after hours HVAC, above-building
standard HVAC, janitorial services and exclusive use of Common areas; 
  
 (K) The cost of painting and decorating the Premises or premises of other tenants, including the costs for sculpture, paintings or other objects of art; 
  
 (L) Overhead and profit increment payable to Landlord, its subsidiaries or affiliates, or to any subsidiary
or affiliate of Landlord, for goods and/or services in the Building, to the extent such overhead and profit increments exceed the costs of comparable first-class, high quality goods and/or services, delivered or rendered by unaffiliated third
parties of comparable reputation, stature, experience and quality to Landlord, on a competitive basis; 
  
 (M) Legal, accounting, auditing and other related expenses associated with the enforcement of leases or the defense of Landlord’s
title to the Land, the Building or other portions of the Project; 
  
 (N) Tax penalties interest charges and fines incurred in connection with the payment or non-payment of taxes; 
  
 (O) Advertising costs and promotional expenditures incurred directly for leasing individual space in the Building or other portions of
the Building/Project and promotional gifts, events or parties for existing or future occupants, and the costs directly related to signs for other tenants, other than building standard identification and directional signage and building lobby
directory signage and any costs related to the celebration or acknowledgement of holidays, other than reasonable costs for refreshments and food served to all tenants of the Building for such holiday celebrations or acknowledgements; 
  
 (P) Costs associated with the operation of the business of
the partnership or entity which constitutes Landlord as the same are distinguished from the costs of operation of the Building, including partnership accounting and legal matters, costs of defending any lawsuits with any mortgagee (except as the
actions of Tenant may be in issue), costs of selling, syndicating, financing, mortgaging or hypothecating any of Landlord’s interest in the Building, costs of any disputes between Landlord and its employees (if any) not engaged in Building
operation, disputes of Landlord with Building management, or outside fees paid in connection with disputes with other tenants; 
  
 (Q) Landlord’s general corporate overhead and general administrative expenses not related to the operation of the Building/Project,
including costs relating to legal, accounting, payroll and computer services which are partially or totally rendered in locations outside of the Building; 
  
 (R) Any compensation paid to clerks, attendants or other persons in commercial concessions operated by Landlord; 
  
 (S) All items and services for which Tenant or any other
tenant in the Building reimburses Landlord and all items and services provided to any tenant with or without reimbursement, in excess of those which Landlord is required to provide under this Lease, provided that, any item or service supplied
selectively to Tenant shall be paid for by Tenant; and costs which are covered by and reimbursable under any contractor, manufacturer or supplier warranty or service contract; 
  
 (T) Any expenditures for which the Landlord has been or is entitled to be reimbursed by third parties such
as insurance companies or would have been compensated through proceeds of insurance had the Landlord maintained insurance required to be maintained by Landlord under the terms of this Lease; 
  

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 (U) Electric power or other utility costs for which any tenant directly contracts with
the local public service company; 
  
 (V) Costs
incurred by Landlord due to the violation by Landlord or any tenant of the terms and conditions of any lease of space in the Building; 
  
 (W) Reserves of any kind, including but not limited to replacement reserves, and reserves for bad debts or lost rent or any similar
charge not involving the payment of money to third parties, or for other fixture improvements, repairs, additions and similar items; 
  
 (X) Costs incurred by Landlord in connection with rooftop communication equipment of Landlord or other persons, tenants or occupants of
the Building if such communications equipment is not generally available to all tenants or occupants of the Building; 
  
 (Y) Costs incurred in connection with upgrading the Building to comply with disability, life, fire and safety codes, ordinances, statutes
or other laws in effect with respect to the Building/Project prior to the date of the Commencement Date of this Lease; 
  
 (Z) Costs of any “tap fees” or any sewer or water connection fees for the benefit of any particular tenant in the Building;

  
 (AA) Costs incurred in connection with the
original construction of the Building or the Project or any addition to the Building/Project or in connection with any major renovation or major change in the Building or the Project, including but not limited to the addition or deletion of floors;

  
 (BB) Costs arising from the presence of any
Hazardous Materials (including costs of clean-up, remediation, monitoring, management and administration thereof and defense of claims related to the presence of such Hazardous Materials) in or about the Premises, Building/Project or Land;;
provided, however, unless caused by the gross negligence or willful misconduct of Landlord, its agents or employees, Operating Expenses shall include costs incurred in connection with the clean-up, remediation, monitoring, management and
administration of (and defense of claims related to) the presence of Hazardous Materials used by Landlord in connection with the operation, repair and maintenance of the Building/Project to perform Landlord’s obligations under this Lease (such
as, without limitation, fuel oil for generators, cleaning solvents, and lubricants) and which are customarily found or used in first-class office buildings; 
  
 (CC) Any expenses incurred by Landlord for use of any portions of the Building to accommodate events including, but not limited to shows,
promotions, kiosks, displays, filming, photography, private events or parties, ceremonies, and advertising beyond the normal expenses otherwise attributable to providing Building services, such as lighting and HVAC to such public portions of the
Building in normal Building operations during standard Building hours of operation; 
  
 (DD) Any entertainment, dining or travel expenses of Landlord, its employees, agents, partners and affiliated for any purpose other than
such travel costs directly related to carrying out the management services of Landlord and providing the services to Tenant required under this Lease; 
  
 (EE) Any flowers, gifts, balloons, etc. provided to any entity whatsoever, to include, but not limited to, Tenant, other tenants,
employees, vendors, contractors, prospective tenants and agents; 
  
 (FF) Costs of any validated parking other than such costs directly incurred in connection with the management, operation, repair and maintenance of the Building/Project to perform Landlord’s obligations under
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such costs of validated parking incurred in connection with any marketing, leasing or public relations for the Building/Project shall be excluded from
Operating Expenses; 
  
 (GG) Salaries of
officers, executives or other employees of Landlord, any affiliate of Landlord, or partners or affiliates of such partners or affiliates other than any personnel engaged exclusively in the management, operation, maintenance and repair of the
Building (but not leasing and marketing), and working in the Building management office and not typically included in the management fee being paid and included in Operating Expenses; provided such individuals do not hold a position which is
generally considered to be higher in rank than the position of the general manager of the Building or the chief engineer of the Building; 
  
 (HH) The cost of any “tenant relations” parties, events or promotion not consented to by an authorized representative of Tenant
in writing; 
  
 (II) Costs arising from
Landlord’s charitable or political contributions; 
  
 (JJ) All Operating Costs incurred in connection with any area of the Building or the Project devoted to retail use; 
  
 (KK) Costs for the acquisition (but maintenance charges may be passed through) of sculpture, paintings or other objects of art;

  
 (LL) Costs incurred in connection with any
governmental laws or regulations applicable to the Building/Project which were enacted prior to the Commencement Date of this Lease including, but not limited to life, fire, and safety codes, environmental and Hazardous Materials laws, and federal,
state or local laws or regulations relating to disabled access, including, but not limited to, the Americans With Disabilities Act; 
  
 (MM) Costs, including in connection therewith, all attorney’s fees and costs of settlement judgments and payments in lieu thereof)
arising from and claims, disputes or potential disputes in connection with potential or actual claims, litigation or arbitration pertaining to the Landlord and/or the Building; 
  
 (NN) Costs, fines, awards or penalties incurred by or assessed against Landlord as a result of
Landlord’s negligence in operation of the Building/Project, violations of law, negligence or inability or unwillingness to make payments and/or to file any income tax, or other tax or informational returns when due; for failure to comply with
Applicable Laws; 
  
 (OO) Any costs for which
Landlord has been reimbursed or receives a credit, refund or discount, provided if Landlord receives the same in connection with any costs or expenditures previously included in Operating Expenses for a fiscal year, Landlord shall immediately credit
against Base Rent any overpayment for such previous fiscal year; and 
  
 (PP) The cost of payroll for parking clerks and parking attendants, garage keepers liability insurance, parking tickets and parking attendants’ and clerks’ uniforms; 
  
 (QQ) Any other expense which, in accordance with generally
accepted accounting principles, consistently applied, would not be treated as operating expenses by landlords in comparable buildings. 
  
 3.3.7.1 Landlord agrees that except for the management fee and management office rental described above, Landlord shall make no profit
from Landlord’s collection of Operating Expenses. All assessments and premiums which are not specifically charged to Tenant because of what Tenant has done, which can be paid by Landlord in installments, shall be paid by Landlord in the maximum
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and not included as Operating Expenses except in the year in which the assessment or premium installment is actually paid; provided, however, that if the
prevailing practice in comparable buildings is to pay such assessments or premiums on an earlier basis, and Landlord pays on such basis, such assessments or premiums shall be included in Operating Expenses as paid by Landlord, and Landlord may, in
such event, include any accrued interest (resulting from such assessments or premiums) in its computation of Operating Expenses. Each time Landlord provides Tenant with an actual and/or estimated statement of Operating Expenses, such statement shall
be in a format containing at least the level of detail as such statements normally provided by Landlord as of the date hereof. 
  
 3.3.7.2 Landlord may not include in Operating Expenses or Tax Expenses attributable to a Lease Year any cost or tax which was incurred by
Landlord and paid by Landlord more than two (2) years prior to the date Landlord seeks to include such item as Operating Expenses and/or Tax Expenses unless such circumstance results from governmental action or inaction (e.g., an error in the
computation of Tax Expenses by the assessor). 
  
 3.3.8 “Systems and Equipment” shall mean any plant, machinery, transformers, duct work, conduit, pipe, bus duct, cable, wires, and other equipment, facilities, and systems designed to supply heat, ventilation, air
conditioning and humidity or any other services or utilities, or comprising or serving as any component or portion of the electrical, gas, steam, plumbing, sprinkler, communications, alarm, security, or fire/life safety systems or equipment, or any
other mechanical, electrical, electronic, computer or other systems or equipment which serve the Project in whole or in part. 
  
 3.3.9 “Tax Expenses” shall mean all federal, state, county, or local governmental or municipal taxes, fees, charges or
other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of
rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances,
furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of
or in connection with the ownership, leasing and operation of the Project, or any portion thereof. Real Property taxes shall be calculated as if the Project and parking facility were fully completed and fully assessed. 
  
 3.3.9.1 Tax Expenses shall include, without limitation:

  
 (i) Any tax on the rent, right to rent or
other income from the Project, or any portion thereof, or as against the business of leasing the Project, or any portion thereof; 
  
 (ii) Any assessment, tax, fee, levy or charge in addition to, or in substitution, partially or totally, of any assessment, tax, fee, levy
or charge previously included within the definition of real property tax, it being acknowledged by Tenant and Landlord that Proposition 13 was adopted by the voters of the State of California in the June 1978 election as Article XIII-A of the
California Constitution (together with implementing legislation and as the same may be from time to time amended, “Proposition 13”), and that assessments, taxes, fees, levies and charges may be imposed by governmental agencies for
such services as fire protection, street, sidewalk and road maintenance, refuse removal and for other governmental services formerly provided without charge to property owners or occupants, and, in further recognition of the decrease in the level
and quality of governmental services and amenities as a result of Proposition 13, Tax Expenses shall also include any governmental or private assessments or the Project’s contribution towards a governmental or private cost-sharing agreement for
the purpose of augmenting or improving the quality of services and amenities normally provided by governmental agencies. It is the intention of Tenant and Landlord that all such new and increased assessments, taxes, fees, levies, and charges and all
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assessments, taxes, fees, levies and charges be included within the definition of Tax Expenses for the purposes of this Lease; 
  
 (iii) Any assessment, tax, fee, levy, or charge allocable
to or measured by the area of the Premises or the Rent payable hereunder, including, without limitation, any gross income tax with respect to the receipt of such rent, or upon or with respect to the possession, leasing, operating, management,
maintenance, alteration, repair, use or occupancy by Tenant of the Premises, or any portion thereof; and 
  
 (iv) Any assessment, tax, fee, levy or charge, upon this transaction or any document to which Tenant is a party, creating or transferring
an interest or an estate in the Premises. 
  
 3.3.9.1.1 Proposition 13. Notwithstanding any other provision of the Lease, if at any time commencing on the Commencement Date and expiring five (5) years thereafter (“Full Protection Period”), or if at any time commencing
on the sixth (6th) anniversary of the Commencement Date and expiring two (2) years thereafter (“Partial Protection Period”), any sale of the Building is consummated and, solely as a result of such sale, all or part of the Building
is reassessed (“Reassessment”) for real estate tax purposes by the appropriate government authority under the terms of Proposition 13, the terms of this Section 3.3.9.1.1 shall apply. In the event Proposition 13 is repealed or modified,
the provisions of this Section 3.3.9.1.1 shall be applied as if no such repeal or modification was effective. 
  
 (i) For purposes of this Section 3.3.9.1.1, the term Tax Increase (“Tax Increase”) shall mean that portion of Operating
Expenses, as calculated immediately following any such the Reassessment that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the Operating Expenses, as calculated immediately following the
Reassessment, that is attributable to: 
  
 (A)
the assessment immediately prior to the Reassessment of the value of the Building, the base Building, or the tenant improvements constructed by Tenant to its Premises (it being agreed that Operating Expenses do not include any taxes or assessments
resulting from or allocable to tenant improvements made by other tenants to their respective premises); or 
  
 (B) assessments pending immediately before the Reassessment that were conducted during, and included in, that Reassessment or that were
otherwise rendered unnecessary following the Reassessment; or 
  
 (C) attributable to the annual inflationary increase in real estate taxes; or 
  
 (D) any real property taxes and assessments incurred during the Base Year as determined under the Lease which are included in the
calculation of Operating Expenses for the Base Year. 
  
 (ii) During the Full Protection Period, Tenant shall not be obligated to pay any portion of the Tax Increase relating to a Reassessment allocable to the Full Protection Period. 
  
 (iii) During the Partial Protection Period, (A) Tenant shall be obligated to pay thirty-three and one-third
percent (33 1/3rd%) of the Tax Increase relating to a Reassessment allocable to the first (1st) year of the Partial Protection Period; (B) Tenant shall be obligated to pay sixty-seven percent (67%) of the Tax Increase
relating to a Reassessment allocable to the 

  

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second year (2nd) year
of the Partial Protection Period; and (C) thereafter Tenant shall be obligated to pay in full the portion of the Tax Increase relating to a Reassessment allocable to any year after the second year (2nd) year of the Partial Protection Period. 
  
 (iv) The amount of any Tax Increase which Tenant is not obligated to pay, if any, in connection with a particular Reassessment pursuant
to the terms of this Section 3.3.9.1.1 shall be referred to hereinafter as a “Proposition 13 Protection Amount”. If, in connection with a pending or anticipated sale of the Building by Landlord, the occurrence of a Reassessment is
reasonably foreseeable by Landlord and the Proposition 13 Protection Amount attributable to such Reassessment can be reasonably quantified or estimated for each year of the Lease Term commencing with the year in which the Reassessment will occur,
the terms of this Section 3.3.9.1.1(iv) shall apply to each such Reassessment. Upon notice to Tenant, Landlord shall have the right to purchase the Proposition 13 Protection Amount relating to the applicable Reassessment (the “Applicable
Reassessment”), within a reasonable period of time (but no earlier than 45 days) prior to the pending or anticipated sale of the Building by Landlord, by paying to Tenant an amount equal to the “Proposition 13 Purchase
Price”, as that term is defined below, provided that the right of any successor of Landlord to exercise its right of repurchase hereunder shall not apply to any Reassessment which results from the sale of the Building pursuant to which such
successor of Landlord became the Landlord under the Lease, as hereby amended. Landlord’s right to purchase the Proposition 13 Protection Amount shall expire and terminate upon the sale of the Building by Landlord if prior thereto Landlord did
not exercise the right of purchase, or upon Landlord’s failure to pay the Proposition 13 Purchase Price to Tenant on or before the closing of such sale. As used herein, “Proposition 13 Purchase Price” shall mean the present value of
the Proposition 13 Protection Amount remaining during the Term, as of the date of payment of the Proposition 13 Purchase Price by Landlord. Such present value shall be calculated (i) by using the portion of the Proposition 13 Protection Amount
attributable to each remaining year of the Term of the Lease (as though the portion of such Proposition 13 Protection Amount benefited Tenant at the end of each such year), as the amounts to be discounted, and (ii) by using discount rates for each
amount to be discounted equal to the average rates of yield for United States Treasury Obligations with maturity dates as close as reasonably possible to the end of each year of the Term of the Lease during which the portions of the Proposition 13
Protection Amount would have benefited Tenant, which rates shall be those in effect as of Landlord’s exercise of its right hereunder. Upon such payment of the Proposition 13 Purchase Price, the provisions of Section 3.3.9.1.1 (ii) and (iii)
above, of shall not apply to any Tax Increase attributable to the Applicable Reassessment. Since Landlord, if Landlord exercises its repurchase right hereunder, will be estimating the Proposition 13 Purchase Price because a Reassessment has not yet
occurred, then when such Reassessment occurs, if Landlord has underestimated the Proposition 13 Purchase Price, then upon notice by Landlord to Tenant, Tenant’s Rent next due shall be credited with the amount of such underestimation, and if
Landlord overestimates the Proposition 13 Purchase Price, then upon notice by Landlord (to be given promptly following Landlord’s receipt of notice of Reassessment) to Tenant, Rent next due shall be increased by the amount of the
overestimation. 
  
 (iv) If in anticipation of
the sale of the Building Landlord has paid Tenant the Proposition 13 Purchase Price but Tenant is notified in writing by Landlord that the sale was not or will not be completed, Tenant shall have the right in its sole and absolute discretion to
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Purchase Price to Landlord within ten (10) business days after receipt of such written notice. 
  
 3.3.9.2 With respect to any assessment that may be levied against, upon, or in connection with the Project,
or any portion thereof, and may be evidenced by improvement or other bonds, or may be paid in annual installments, there shall be included within the definition of Tax Expenses with respect to any tax fiscal year only the amount currently payable on
such bonds, including interest, for such tax fiscal year, or the current annual installment for such tax fiscal year. 
  
 3.3.9.3 If the method of taxation of real estate prevailing at the time of execution hereof shall be, or has been, altered so as to cause
the whole or any part of the taxes now, hereafter or heretofore levied, assessed or imposed on real estate to be levied, assessed or imposed upon the owner or owners of the Project, wholly or partially, as a capital levy or otherwise, or on or
measured by the rents received therefrom, then such new or altered taxes attributable to the Project, or any portion thereof, shall be included within the term “Tax Expenses” except that the same shall not include any enhancement of said
tax attributable to other income. 
  
 3.3.9.4 In
no event shall Tax Expenses for any Expense Year be less than Tax Expenses for the Base Year. 
  
 3.3.9.5 If Tax Expenses for any period during the Lease Term or any extension thereof are increased after payment thereof for any reason,
including, without limitation, error or reassessment by applicable governmental or municipal authorities, Tenant shall pay within ten (10) business days (or thirty (30) days if the amount due from Tenant is in excess of $50,000) of receipt of
notice, Tenant’s Share of any such increased Tax Expenses included by Landlord as Building Tax Expenses pursuant to the terms of this Lease. 
  
 3.3.9.6 Any expenses incurred in attempting to protest, reduce or minimize Tax Expenses shall be included in Tax Expenses in the Expense
Year such expenses are paid. Tax refunds shall be credited against Tax Expenses regardless of when received, based on the year to which the refund is applicable. If Landlord receives a Proposition 8 reduction in Tax Expenses attributable to any
period of time during which this Lease is in effect, then regardless of whether this Lease has terminated, and regardless of when Landlord receives such deduction (by direct payment or credit), to the extent Tenant is entitled to a refund of Direct
Expenses previously paid by Tenant for such period (based upon a recalculation of Direct Expenses for such time period reflecting such reduced Tax Expense amount), Landlord shall remit the amount of such deduction attributable to the appropriate
square footage in the Premises to Tenant within thirty (30) days after receipt of such refund by Landlord or if this Lease is still in effect, credit such amount against the next Rent falling due under this Lease after Landlord’s receipt of
such refund. Landlord shall use commercially reasonable efforts to obtain a Proposition 8 refund (or any other credit or refund under a similar or replacement law) whenever Landlord makes a good faith determination that such a refund or credit is
appropriately due to Landlord. 
  
 3.3.9.7
Notwithstanding anything to the contrary contained in this Section 3.3.9 (except as set forth in Sections 3.3.9.1 and 3.3.9.3, above), there shall be excluded from Tax Expenses (i) all excess profits taxes, franchise taxes, gift taxes, capital stock
taxes, inheritance and succession taxes, estate taxes, federal and state income taxes, and other taxes to the extent applicable to Landlord’s general or net income (as opposed to rents, receipts or income attributable to operations at the
Project), (ii) any items included as Operating Expenses, and (iii) any items paid by Tenant under Article 9 of this Lease. 
  
 3.3.10 “Tenant’s Share” shall mean the percentage calculated by dividing the number of usable square feet of the
Premises by the total number of usable square feet in the Building. In the event either the usable square feet of the Premises and/or the total usable square feet of the Building is changed pursuant to Section 1.6, Section 1.7 and/or Section 1.8,
Tenant’s Share shall be appropriately adjusted, and, as to the Expense Year in which such change occurs, 

  

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Tenant’s Share for such Expense Year shall be determined on the basis of the number of days during such Expense Year that each such Tenant’s Share
was in effect. Notwithstanding the foregoing, solely with respect to the Premises described in Section 4 of the Summary of Basic Lease Information, Landlord and Tenant agree that Tenant’s Building Share shall be the percentage set forth in
Section 7.2 of the Summary of Basic Lease Information. In the event either the usable square feet of the Premises and/or the total usable square feet of the Building is changed pursuant to Section 1.6, Section 1.7 and/or Section 1.8, Tenant’s
Building Share shall be separately calculated and administered by dividing the number of usable square feet of the Premises by the total number of usable square feet in the Building, provided that Tenant’s Building Share shall not change except
in the case of a physical change to the Building or an expansion and/or contraction of the Premises pursuant to Section 1.6, Section 1.7 and/or Section 1.8. 
  
 3.3.11 Landlord shall, at Landlord’s option, have the right to segregate Direct Expenses into two (2) separate categories, one (1)
such category to be applicable only to Direct Expenses incurred for the Building and the other category applicable to Direct Expenses incurred for the Project Common Areas. If Landlord so segregates Direct Expenses into two (2) categories, two (2)
Tenant’s Shares shall apply, one (1) such Tenant’s Share shall be calculated by dividing the number of usable square feet of the Premises by the total number of usable square feet in the Building (“Tenant’s Building
Share”), subject to adjustment as provided in Section 3.3.10 above, and the other Tenant’s Share to be calculated by dividing the number of usable square feet of the Premises by the total number of usable square feet (subject to
adjustment as provided in Section 1.2) of all buildings in the Project (“Tenant’s Common Area Share”). Consequently, if Landlord elects to so segregate Direct Expenses into two (2) categories, any reference in this Lease to
“Tenant’s Share of Building Direct Expenses” shall mean and refer to both Tenant’s Building Share of Direct Expenses and Tenant’s Common Area Share of Direct Expenses. No Operating Expenses or Taxes may be charged in
a duplicative manner or as both Tenant’s Building Share of Direct Expenses and Tenant’s Common Area Share of Direct Expenses and this Section 3.3.11 shall be administered in accordance with generally accepted accounting and management
practices, consistently applied. Notwithstanding the foregoing, solely with respect to the Premises described in Section 4 of the Summary of Basic Lease Information, Landlord and Tenant agree that Tenant’s Common Area Share shall be the
percentage set forth in Section 7.3 of the Summary of Basic Lease Information. In the event either the usable square feet of the Premises and/or the total usable square feet of the Project is changed pursuant to Section 1.6, Section 1.7 and/or
Section 1.8, Tenant’s Common Area Share shall be separately calculated and administered by dividing the number of usable square feet of the Premises by the total number of usable square feet in the Project. Tenant’s Common Area Share shall
not change except in the case of a physical change to the Project Common Areas or an expansion and/or contraction of the Premises pursuant to Section 1.6, Section 1.7 and/or Section 1.8. 
  
 3.4 Allocation of Direct Expenses. 
  
 3.4.1 Method of Allocation. The parties acknowledge that the Building is a part of a multi-building
project and that the costs and expenses incurred in connection with the Project (i.e., the Direct Expenses) should be shared between the tenants of the Building and the tenants of the other buildings in the Project. Accordingly, as set forth in
Section 3.3 above, Direct Expenses (which consists of Operating Expenses and Tax Expenses) are determined annually for the Project as a whole, and a portion of the Direct Expenses, which portion shall be determined by Landlord on an equitable basis
in accordance with generally accepted accounting and management practices, consistently applied, shall be allocated to the tenants of the Building (as opposed to the tenants of any other buildings in the Project) and such portion shall be the
Building Direct Expenses for purposes of this Lease. Such portion of Direct Expenses allocated to the tenants of the Building shall include all Direct Expenses attributable solely to the Building and an equitable portion of the Direct Expenses
attributable to the Project as a whole in accordance with generally accepted accounting and management practices, consistently applied. 
  
 3.4.2 Cost Pools. Landlord shall have the right, from time to time, to equitably allocate some or all of the Direct Expenses for
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of the Project (the “Cost Pools”), in accordance with generally accepted accounting and management practices, consistently applied. Such
Cost Pools may include, but shall not be limited to, the office space tenants of a building of the Project or of the Project, and the retail space tenants of a building of the Project or of the Project. The Direct Expenses within each such Cost Pool
shall be allocated and charged to the tenants within such Cost Pool in an equitable manner in accordance with generally accepted accounting and management practices, consistently applied. 
  
 3.5 Calculation and Payment of Additional Rent. For every Expense Year ending or commencing within the Lease Term,
Tenant shall pay to Landlord, in the manner set forth in Section 3.5.1, below, and as Additional Rent, an amount equal to Tenant’s Share of Building Direct Expenses for such Expense Year in excess of the Building Direct Expenses for the Base
Year. 
  
 3.5.1 Statement of Actual Building
Direct Expenses and Payment by Tenant. Landlord shall endeavor to give to Tenant on or before the first day of April following the end of each Expense Year (but in any event on or before the first day of July), a statement (the
“Statement”) which shall state the Building Direct Expenses incurred or accrued for such preceding Expense Year, and which shall indicate the amount of Tenant’s Share of such Building Direct Expenses in excess of the Building
Direct Expenses for the Base Year. Upon receipt of the Statement for each Expense Year commencing or ending during the Lease Term, Tenant shall pay, upon the later of the next installment of Base Rent due or within thirty (30) days after receipt of
the Statement, the full amount of Tenant’s Share of Building Direct Expenses for such Expense Year in excess of the Building Direct Expenses for the Base Year, less the amounts, if any, paid during such Expense Year as “Estimated
Additional Rent,” as that term is defined in Section 3.5.2, below. If the Statement shows that Tenant has paid Estimated Additional Rent in excess of Tenant’s Building Share of Direct Expenses for such Expense Year, Landlord shall pay such
excess to Tenant together with the applicable Statement, even if the Lease has terminated or expired. The failure of Landlord to timely furnish the Statement for any Expense Year shall not prejudice Landlord or Tenant from enforcing its rights under
this Article 3. Even though the Lease Term has expired and Tenant has vacated the Premises, when the final determination is made of Tenant’s Share of Building Direct Expenses for the Expense Year in which this Lease terminates, Tenant shall pay
to Landlord within thirty (30) days after receipt of a Statement setting forth an amount owing to Landlord calculated pursuant to the provisions of Section 3.5 any unpaid amounts described herein, less any amounts owed from Landlord to Tenant. The
provisions of this Section 3.5.1 shall survive the expiration or earlier termination of the Lease Term. 
  
 3.5.2 Statement of Estimated Building Direct Expenses. In addition, Landlord shall give Tenant a yearly expense estimate statement
(the “Estimate Statement”) which shall set forth Landlord’s reasonable estimate (the “Estimate”) of what the total amount of Building Direct Expenses for the then-current Expense Year shall be and the estimated
amount of Tenant’s Share of Building Direct Expenses for the then-current Expense Year in excess of the Building Direct Expenses for the Base Year (the “Estimated Additional Rent”). The failure of Landlord to timely furnish the
Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect any Estimated Additional Rent under this Article 3, subject to the limitation set forth in Section 3.3.7.2; however, Landlord shall endeavor to
deliver the Estimate Statement as soon as practicable after Landlord has prepared the Statement for the preceding calendar year. In addition, Tenant may request by written notice to Landlord, no more than one (1) time per year, that Landlord
provided Tenant with Landlord’s good faith projection of Building Direct Expenses for the upcoming or then-current Expense Year and Landlord shall respond to such request within fifteen (15) business days based upon information then available
to Landlord; however, Tenant acknowledges that Landlord shall not be bound by any such good-faith projection and shall have no liability to Tenant for any inaccuracy of such projections. Tenant shall pay, upon the later to occur of (i) the date upon
which its next installment of Base Rent is due, and (ii) the date which is ten (10) days after Tenant’s receipt of the Estimate Statement, a fraction of the Estimated Additional Rent for the then-current Expense Year (reduced by any amounts
paid pursuant to the last sentence of this Section 3.5.2). Such fraction 

  

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shall have as its numerator the number of months which have elapsed in such current Expense Year, including the month of such payment, and twelve (12) as its
denominator. Until a new Estimate Statement is furnished (which Landlord shall have the right to deliver to Tenant at any time), Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to one-twelfth (1/12) of the total
Estimated Additional Rent set forth in the previous Estimate Statement delivered by Landlord to Tenant. 
  
 3.6 Landlord’s Books and Records. Within two (2) years after receipt of a Statement by Tenant (“Review Period”), if Tenant
disputes the amount of Additional Rent set forth in the Statement, Tenant or an independent certified public accountant (which accountant is a member of a regionally recognized accounting firm) designated by Tenant, may, after giving not less than
thirty (30) days prior written notice to Landlord, during normal business hours, not more than once in any calendar year, inspect and photocopy Landlord’s records at Landlord’s offices, provided that Tenant is not then in default after
expiration of any applicable cure period under Section 12.1.1 of this Lease, provided, further, that Tenant and such accountant shall execute a commercially reasonable confidentiality agreement regarding such inspection and deliver an original of
the same to Landlord and shall cause their respective agents and employees to, maintain all information contained in Landlord’s records in strict confidence in compliance with such agreement, except as necessary in the enforcement of this
Lease. If after such inspection, Tenant still disputes such Additional Rent, a certification as to the proper amount shall be made, at Tenant’s expense, by an independent certified public accountant mutually selected by Landlord and Tenant. If
Landlord and Tenant are unable to agree upon an independent certified public accountant, each party may apply to the presiding judge of the Los Angeles Superior Court to appoint same from a regionally recognized accounting firm. Landlord shall
cooperate in good faith with Tenant and the designated accountant to show Tenant and the designated accountant the information upon which the certification is based; provided that if such certification by the designated accountant proves that the
Direct Expenses set forth in the Statement were overstated by more than three percent (3%), then the cost of the designated accountant and the cost of such certification, up to an aggregate maximum of $10,000, shall be paid for by Landlord and, if
such certification by the designated accountant proves that the Direct Expenses set forth in the Statement were overstated by three percent (3%) or less or were in fact understated, then the cost of the designated accountant and the cost of such
certification, up to an aggregate maximum of $10,000, shall be paid for by Tenant. Promptly following the parties’ receipt of such certification, the parties shall make such appropriate payments or reimbursements, as the case may be, to each
other, as are determined to be owing pursuant to such certification, together with interest at the “Interest Rate”, as that term is defined in Section 19.28 of this Lease, from the date due until paid, in the case of payments by Tenant to
Landlord, or from the date paid until reimbursed, in the case of reimbursements by Landlord to Tenant. Landlord shall be required to maintain records of all Direct Expenses set forth in each Statement delivered to Tenant for the entirety of the two
(2) year period following Landlord’s delivery of the applicable Statement. The payment by Tenant of any amounts pursuant to this Article 3 shall not preclude Tenant from questioning the correctness of any Statement delivered by Landlord,
provided that the failure of Tenant to object thereto prior to the expiration of the Review Period shall be conclusively deemed Tenant’s approval of the applicable Statement. Tenant hereby acknowledges that Tenant’s sole right to inspect
Landlord’s books and records and to contest the amount of Direct Expenses payable by Tenant shall be as set forth in this Section 3.6 and Tenant hereby waives any and all other rights pursuant to applicable law to inspect such books and records
and/or to contest the amount of Direct Expenses payable by Tenant. 
  
 ARTICLE 4 
  
 [INTENTIONALLY OMITTED]

  
 ARTICLE 5 
  
 USE OF PREMISES 
  
 5.1 Permitted Use. Tenant shall use the Premises solely for general
office purposes consistent with the character of the Project as a first-class office building project, and Tenant 

  

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shall not use or permit the Premises to be used for any other purpose or purposes whatsoever without the prior written consent of Landlord, which Landlord
may withhold in its sole discretion; provided that consent to such other purpose or purposes shall not be unreasonably withheld if Landlord then permits a comparable use by another tenant of the Project in a comparable space and area in the Project.

  
 5.2 Prohibited Uses. Tenant further covenants and
agrees that Tenant shall not use, or suffer or permit any person or persons to use, the Premises, the Common Areas (including, without limitation, the Project’s parking facility) or any part thereof for any use or purpose contrary to the
provisions of Exhibit E attached hereto (“Rules and Regulations”), or in violation of the laws of the United States of America, the State of California, or the ordinances, regulations or requirements of the local municipal or county
governing body or other lawful authorities having jurisdiction over the Project) including, without limitation, any such laws, ordinances, regulations or requirements relating to “Hazardous Material”, as that term is defined in Section
19.29 below. Landlord shall enforce the Rules and Regulations in a reasonable and non-discriminatory manner. To the extent that these Rules and Regulations attached as Exhibit E are contrary to, or inconsistent with, the provisions of this Lease,
the provisions of this Lease shall prevail. Landlord shall not enforce, modify or amend the Rules and Regulations in an unreasonable manner or in a manner which would unreasonably interfere with normal and customary office business operations
permitted under Section 5.1. Tenant shall comply with all recorded covenants, conditions, and restrictions now or hereafter affecting the Project; provided that Landlord warrants that such documents do not prohibit use of the Premises permitted
hereunder and do not materially and adversely affect the rights and obligations of Tenant hereunder including, without limitation, obligations for Direct Expenses in accordance with Article 3. 
  
 5.3 Labor Harmony. Tenant shall not use (and upon notice from Landlord
shall cease using) contractors, services, workmen, labor, materials or equipment that, in Landlord’s reasonable judgment, would disturb labor harmony with the workforce or trades engaged in performing other work, labor or services in or about
the Project. 
  
 ARTICLE 6 
  
 REPAIRS, ADDITIONS AND ALTERATIONS 
  
 6.1 Repairs. 
  
 6.1.1 Repair Obligations. Landlord shall, as part of
Operating Expenses to the extent permitted under Article 3 of this Lease, operate, improve, manage and maintain the Building and Project in accordance with all governmental laws, rules and regulations in a manner consistent with “Comparable
Buildings,” defined as first class office buildings in the Woodland Hills/ West San Fernando Valley area comparable in age, location, amenities and quality of construction. Landlord shall keep and maintain the Building and Project
(excluding the Tenant Improvements and Alterations), including the Building’s exterior walls, windows, roof and foundation, the Base, Shell and Core, and the Systems and Equipment located in the Building, and any Building standard Improvements
installed in the Premises in proper working order, condition and repair (collectively, the “Landlord Repair Items”). Landlord shall keep and maintain the Landlord Repair Items in compliance with any law, statute, ordinance or other
governmental rule, regulation or requirement now in force or which may hereafter be enacted or promulgated, including any standard or regulation now or hereafter imposed on Landlord by a state, federal or local governmental body charged with the
establishment, regulation and enforcement of occupational health or safety standards for employers, employees, landlords or tenants, that relates to Tenant’s use or occupancy of the Premises or the operation of the Premises (collectively,
“Legal Requirements”); provided, however, that Tenant hereby covenants and agrees that if such compliance is required as a result of Tenant’s non-general office use of the Premises, or Tenant’s particular use or occupancy
(as opposed to use or occupancy by office tenants in general), Tenant shall be responsible for the cost of causing, and Tenant shall cause, the Tenant Improvements, the Alterations, the Base, Shell and Core (but then only to the extent that the cost
of such compliance is not included in Operating Expenses), to comply with the 

  

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Legal Requirements. Except as set forth above as Landlord’s obligations, and in addition to the obligations of Tenant set forth above, Tenant shall, at
Tenant’s own expense, keep the Tenant Improvements and Alterations, and fixtures and furnishings in the Premises in good order, repair and condition at all times during the Lease Term. In addition, Tenant shall, at Tenant’s own expense,
but under the supervision and subject to the prior approval of Landlord, and within any reasonable period of time specified by Landlord, promptly and adequately repair all damage to the Tenant Improvements and Alterations and replace or repair all
damaged, broken, or worn fixtures and appurtenances in the Premises; provided however, that, at Landlord’s option, or if Tenant fails to make such repairs, Landlord may, but need not, make such repairs and replacements to the Tenant
Improvements and Alterations, and Tenant shall pay Landlord the cost thereof, including a percentage of the cost thereof (to be uniformly established for the Building and/or the Project) sufficient to reimburse Landlord for all overhead, general
conditions, fees and other costs or expenses arising from Landlord’s involvement with such repairs and replacements forthwith upon being billed for same. Landlord may, but shall not be required to, enter the Premises at all reasonable times to
make such repairs, alterations, improvements or additions to the Premises or to the Project or to any equipment located in the Project as Landlord shall desire or deem necessary or as Landlord may be required to do by governmental or
quasi-governmental authority or court order or decree. Tenant hereby waives and releases its right to make repairs at Landlord’s expense under Sections 1941 and 1942 of the California Civil Code or under any similar law, statute, or ordinance
now or hereafter in effect. 
  
 6.1.2 Tenant
Maintenance and Repair. 
  
 6.1.2.1 If Tenant
provides notice (the “Repair Notice”) of an event or circumstance which pursuant to the terms of this Lease requires Landlord to fulfill an obligation, including, without limitation, to provide services or utilities, or repair,
alter, improve and/or maintain the Premises or to comply with law (a “Required Action”) to Landlord and any mortgage lender of Landlord which has previously been identified in a notice delivered to Tenant, and Landlord fails to
provide the Required Action within the time period required by this Lease, or a reasonable period of time, if no specific time period is specified in this Lease, after the receipt of the Repair Notice (the “Notice Date”), or, in any
event, does not commence the Required Action within thirty (30) days after the Notice Date and complete the Required Action within thirty (30) days after commencement of the Required Action, then Tenant may proceed to take the Required Action,
pursuant to the terms of this Lease, and shall deliver a second notice to Landlord and such mortgage lender specifying that Tenant is taking the Required Action (the “Second Notice”); provided that if the nature of the Required
Action is such that the same cannot reasonably be completed within a thirty (30)-day period, then Tenant shall not have the right to proceed to take the Required Action if Landlord diligently commences the Required Action within such period and
thereafter diligently proceeds to complete the Required Action. 
  
 6.1.2.2 Notwithstanding the foregoing, if there exists an emergency such that the Premises or a portion thereof are rendered untenantable and Tenant’s personnel are forced to vacate the Premises or such portion
thereof and if Tenant gives the notice (the “Emergency Notice”) of Tenant’s intention to take action with respect thereto (the “Necessary Action”) and the Necessary Action is also a Required Action, Tenant may
take the Necessary Action if Landlord does not commence the Necessary Action within one (1) business day after the Emergency Notice (the “Emergency Cure Period”) and thereafter use its commercially reasonable, good faith efforts and
due diligence to complete the Necessary Action as soon as possible. 
  
 6.1.2.3 If any Necessary Action will affect the Systems and Equipment, the structural integrity of the Building, or the exterior appearance of the Building, (i) Tenant shall use only those contractors used by Landlord
in the Building, provided that Landlord delivers written notice to Tenant from time to time during the Term of this Lease of any additions, deletions or other modifications, if any, to the list of approved contractors set forth in Schedule 1 to
Exhibit C attached hereto (and for purposes of this Lease Tenant may rely on the most recent list of which Tenant has been given notice) or (ii) if such contractors are unavailable or unwilling 

  

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to perform, Tenant shall use only those contractors used by landlords of Comparable Buildings, for work on such items. 
  
 6.1.2.4 If any Required Action or Necessary Action is taken
by Tenant pursuant to the terms of this Section 6.1, then Landlord shall reimburse Tenant for its reasonable and documented costs and expenses in taking the Required Action or Necessary Action within thirty (30) days after receipt by Landlord of an
invoice from Tenant which sets forth a reasonably particularized breakdown of its costs and expenses in connection with taking the Required Action or Necessary Action on behalf of Landlord (the “Repair Invoice”). In the event
Landlord does not reimburse Tenant for the Repair Invoice within thirty (30) days of receipt, then Tenant may deduct from the next Rent payable by Tenant under this Lease, the amount set forth in the Repair Invoice plus interest at the Interest Rate
(the “Offset Right”). 
  
 6.2 Landlord’s
Consent to Alterations. Tenant may not make any improvements, alterations, additions or changes to the Premises (collectively, the “Alterations”) without first procuring the prior written consent of Landlord to such Alterations,
which consent shall not be unreasonably withheld, conditioned or delayed by Landlord and shall be approved or denied by notice delivered to Tenant within ten (10) business days of Landlord’s receipt of request for consent, provided that, if
such notice of consent or denial is not received by Tenant within such ten (10) business day period, then, upon delivery of an additional five (5) business days’ notice to Landlord and Landlord’s failure to respond within such period, such
Alterations shall be deemed approved by Landlord. Notwithstanding the foregoing, Tenant may make changes to the Premises, without Landlord’s consent, provided that such changes do not require any structural modifications to the Premises, do not
require any changes to, or adversely affect, the Systems and Equipment, and do not affect the exterior appearance of the Building. Tenant shall give Landlord at least fifteen (15) days prior notice of such changes, which notice shall be accompanied
by reasonably adequate evidence that such changes meet the criteria contained in this Section 6.2. The construction of the improvements to the Premises pursuant to the Second Amendment shall be governed by the terms of the such Second Amendment and
not the terms of this Article 6. 
  
 6.3 Manner of
Construction. Landlord may impose, as a condition of its consent to any and all Alterations or repairs of the Premises or about the Premises, such requirements as Landlord in its reasonable discretion may deem desirable, including, but not
limited to, the requirement made at the time such consent is granted, which shall apply only to improvements which landlords of comparable office buildings generally do not permit tenants to leave in their premises upon the expiration or earlier
termination of their lease, that Tenant shall, at Tenant’s expense, remove such Alterations upon the expiration or any early termination of the Lease Term if such Alteration would be deemed an Extraordinary Improvement as such term is defined
in the Second Amendment, and/or the requirement that Tenant utilize for such purposes only contractors, materials, mechanics and materialmen approved by Landlord. With respect to any Alterations installed in the Premises under the Original Lease,
Landlord hereby waives any right to require that Tenant remove such Alterations upon the expiration or any early termination of this Lease Term, except in the event that, solely in connection with the improvements to be constructed pursuant to the
Second Amendment, Landlord has provided written notice to Tenant prior to the Commencement Date of this Lease that Landlord will require removal of a particular Extraordinary Improvement. A contractor of Landlord’s selection shall perform all
work that may affect the Systems and Equipment, structural aspects of the Building or exterior appearance of the Building; provided that Landlord shall cause the contractor to charge Tenant for such work an amount equal to the costs that competitive
first-class, reputable and reliable contractors would have charged Tenant (but not necessarily the lowest available), and such work shall be performed at Tenant’s cost. Tenant shall construct such Alterations and perform such repairs in
conformance with any and all applicable federal, state, county or municipal laws, rules and regulations and pursuant to a valid building permit, all in conformance with Landlord’s reasonable construction rules and regulations. All work with
respect to any Alterations must be done in a good and workmanlike manner, and in compliance with Landlord’s Construction Package attached hereto as Exhibit C and incorporated herein by this reference, and diligently prosecuted to completion to
the end that the Premises shall at all times be a complete unit except during the period of work. In performing the work of any such Alterations, Tenant shall have the 

  

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work performed in such manner so as not to obstruct access to the Project or any portion thereof by any other tenant of the Project, and so as not to
obstruct the business of Landlord or other tenants in the Project, or interfere with the labor force working in the Project. In addition to Tenant’s obligations under Section 19.18 of this Lease, upon completion of any Alterations, Tenant
agrees to cause a Notice of Completion to be recorded in the office of the Recorder of the County of Los Angeles in accordance with Section 3093 of the Civil Code of the State of California or any successor statute, and Tenant shall deliver to the
Project management office a reproducible, full-sized copy of the “as built” drawings (1/8 inch = 1 foot scale) of the Alterations. 
  
 6.4 Payment for Improvements. In the event Tenant orders any Alterations or repair work directly from Landlord, the charges for such work shall be
deemed Additional Rent under this Lease, due and payable within thirty (30) days after Tenant’s receipt of billing therefor, either periodically during construction or upon substantial completion of such work, at Landlord’s option. If
payment is made directly to contractors, Tenant shall comply with Landlord’s requirements for final lien releases and waivers in connection with Tenant’s payment for work to such contractors. If Tenant orders any work directly from
Landlord, Tenant shall pay to Landlord an amount sufficient to reimburse Landlord for all reasonable overhead, general conditions, fees and other costs and expenses arising from Landlord’s involvement with such work. If, however, (a) Tenant
retains the contractor(s) directly, (b) the subject Alterations or repair work affects Systems and Equipment, structural aspects of the Building or exterior appearance of the Building and (c) the cost of such work specified in clause (a) of this
Section 6.4 exceeds $25,000, then Tenant shall pay Landlord a construction coordination fee in the amount of two percent (2%) of the cost of such work. 
  
 6.5 Construction Insurance. In addition to the requirements of Article 7 of this Lease, in the event that Tenant makes any Alterations, prior to
the commencement of such Alterations, Tenant shall provide Landlord with evidence that Tenant carries “Builder’s All Risk” insurance in an amount approved by Landlord covering the construction of such Alterations, and such other
insurance as Landlord may reasonably require, it being understood and agreed that all of such Alterations shall be insured by Tenant pursuant to Article 7 of this Lease immediately upon completion thereof. In addition, Landlord may, in its
reasonable discretion, require Tenant to obtain a lien and completion bond or some alternate form of security satisfactory to Landlord in an amount sufficient to ensure the lien-free completion of such Alterations and naming Landlord as a
co-obligee. 
  
 6.6 Landlord’s Property. All
Alterations, improvements, fixtures and/or equipment which may be permanently installed in or about the Premises, and all signs installed in, on or about the Premises, from time to time, shall be at the sole cost of Tenant and shall be and become
the property of Landlord. Any articles of personal property including business and trade fixtures not attached to, or built into, the Premises, machinery and equipment (including, without limitation, video conferencing and boardroom equipment) not
permanently affixed to the Premises, free-standing cabinet work, and movable partitions, which were installed by Tenant in the Premises shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term as long as
Tenant is not in default under this Lease after notice and lapse of any applicable cure period and provided that Tenant repairs to Landlord’s reasonable satisfaction any damage to the Premises, the Building and any other part of the Project
caused by such removal. Furthermore, if Landlord, as a condition to Landlord’s consent to any Alteration, requires that Tenant remove any Alteration upon the expiration or early termination of the Lease Term if such Alteration is deemed to be
an Extraordinary Improvement as set forth in Section 6.3 above, Landlord may, by written notice to Tenant prior to the end of the Lease Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to
remove such Alterations and to repair any damage to the Premises and Building caused by such removal. If Tenant fails to complete such removal and/or to repair any damage caused by the removal of any Alterations, after three (3) days’ notice to
Tenant and Tenant’s failure to complete such removal and repair, Landlord may do so and may charge the cost thereof to Tenant. 
  

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 ARTICLE 7  
  
 INSURANCE 
  
 7.1 Indemnification and Waiver. The provisions of this Section 7.1 shall survive the expiration or sooner termination of this Lease with respect to
any claims or liability occurring prior to such expiration or termination. 
  
 7.1.1 Waiver. To the extent not prohibited by law, and except as provided in this Lease, Landlord, its members, their partners, and all of their respective officers, agents, servants, employees, and independent
contractors (collectively, “Landlord Parties”) shall not be liable for any damage to property or resulting from the loss of use thereof, which damage is sustained by Tenant or by other persons claiming through Tenant, except to the
extent caused by the negligence or willful misconduct of the Landlord Parties, in which case Landlord shall be responsible for such damage to the extent not covered by property insurance required to be carried by Tenant under this Lease or actually
carried by Tenant. 
  
 7.1.2 Tenant’s
Indemnity. Tenant shall indemnify, defend, protect, and hold harmless the Landlord Parties from any and all loss, cost, damage, expense and liability (including without limitation court costs and reasonable attorneys’ fees) (collectively,
“Claims”) incurred in connection with or arising from any cause in, on or about the Premises during the Lease Term, provided that, except as set forth below, the terms of the foregoing indemnity shall not apply to the negligence or
willful misconduct of the Landlord Parties. Notwithstanding the foregoing, because Tenant must carry insurance pursuant to Section 7.3.2, below, to cover its personal property and all office furniture, trade fixtures, office equipment and
merchandise within the Premises and the Tenant Improvements and other improvements, alterations and additions to the Premises (collectively, “Tenant Insured Items”), Tenant hereby agrees to protect, defend, indemnify and hold
Landlord harmless from any Claim with respect to any Tenant Insured Items within the Premises, to the extent such Claim is covered or required to covered by Tenant’s insurance, even if resulting from the negligence or willful misconduct of the
Landlord Parties (except that Landlord shall, in such case, be responsible for deductible amounts, not to exceed standard deductible amounts for such coverage). 
  
 7.1.3 Landlord’s Indemnity. Landlord shall indemnify, defend, protect, and hold harmless Tenant
its partners, and their respective officers, agents, servants, employees and independent contractors (collectively, “Tenant Parties”) from any Claims incurred in connection with or arising from (i) any cause in the Project but
outside of the Premises during the Lease Term (to the extent covered by the general liability insurance required to be carried by Landlord under Section 7.2, below), or (ii) any negligent acts or willful misconduct of any of the Landlord Parties in,
on, or about the Project (subject to the terms of the last sentence of Section 7.1.2, above) either prior to, during, or after the expiration of the Lease Term, provided that, except as set forth below, the terms of the foregoing indemnity shall not
apply to the extent such Claims arise from the negligence or willful misconduct of the Tenant Parties. Notwithstanding the foregoing, because Landlord is required to maintain pursuant to the terms of Section 7.2, below, insurance on the Project and
the Premises and Tenant compensates Landlord for such insurance as part of Direct Expenses, Landlord hereby agrees to protect, defend, indemnify and hold Tenant harmless from any Claims with respect to such property and Landlord’s equipment and
property on the Project to the extent such Claim is covered by insurance of the type required to be carried by Landlord under Section 7.2, below, even if resulting from the negligent acts or willful misconduct of the Tenant Parties (except that
Tenant shall, in such case, be responsible for deductible amounts, not to exceed $10,000 per occurrence). 
  
 7.2 Landlord’s Insurance. Landlord shall insure the Building and the Real Property during the Lease Term against loss or damage due to fire
and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage on the Building. Such coverage shall be in such amounts,
from such companies, and on such terms and conditions, as Landlord may from time to time reasonably determine. Landlord shall also carry Commercial General Liability Insurance coverage in commercially reasonable amounts. Additionally, at the option
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Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more
loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or any portion thereof. Tenant shall, at Tenant’s expense, comply with all insurance company requirements of
which Tenant has been notified pertaining to the use of the Premises. If Tenant’s conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant,
at Tenant’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body. 
  
 7.3 Tenant’s Insurance. Tenant shall maintain the following
coverages in the following amounts. 
  
 7.3.1
Commercial General Liability Insurance on an occurrence basis covering the insured against claims of bodily injury, personal injury and property damage arising out of Tenant’s operations, assumed liabilities or use of the Premises, including
the following divisions of insurance: Premises and Operations, and Blanket Contractual Liability. Such insurance shall cover the insuring provisions of this Lease and the performance by Tenant of the indemnity agreements set forth in Section 7.1 of
this Lease (but only to the extent that such coverage is typically afforded by a typical liability policy), for limits of liability not less than: 
  

			
	Bodily Injury and Property Damage Liability	  	$3,000,000 each occurrence $3,000,000 annual aggregate
		
	Personal Injury Liability	  	$3,000,000 each occurrence $3,000,000 annual aggregate

  
 7.3.2
Property Insurance covering (i) all office furniture, trade fixtures, office equipment, merchandise and all other items of Tenant’s property on the Premises installed by, for, or at the expense of Tenant, (ii) the Tenant Improvements, and (iii)
all other improvements, alterations and additions to the Premises. Such insurance shall be written on an “all risks” of physical loss or damage basis, for the full replacement cost value new without deduction for depreciation of the
covered items and in amounts that meet any co-insurance clauses of the policies of insurance and shall include a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage coverage. Provided that Tenant
has and continues to have a net worth in excess of Fifty Million Dollars ($50,000,000) calculated in accordance with generally accepted accounting principles and as evidenced by audited financial statements, Tenant shall have the right to satisfy
the property insurance requirements of Tenant set forth in Section 7.3.2 in the form of a reasonably acceptable “self-insurance” program. Within ten (10) days after request, Tenant shall provide Landlord with reasonable documentation that
Tenant satisfies the net worth requirement set forth above. Prior to the institution of any such self-insurance, Tenant shall notify Landlord in writing of its election to so self-insure and shall submit to Landlord reasonably satisfactory evidence
of a funded self-insurance program including the name, address and phone number of the claims administrator. Such program must be consistent with reasonably prudent and sound business practices. This Section 7.3.2 shall in no way limit or diminish
the rights that Landlord would have had as an additional insured under any insurance policy, or the rights it would have had under any other provision of this Lease to receive from Tenant an amount equal to all or any portion of any insurance policy
proceeds that would have been payable to Landlord or Tenant, under any required policy of insurance which was not maintained by Tenant as a result of such self-insurance program. Furthermore, this Section 7.3.2 shall in no way limit or diminish the
waiver of subrogation rights and obligations provided in Section 7.5, nor the rights that Landlord’s insurance carriers would have had under “other insurance” or similar clauses in Landlord’s insurance policies if Tenant had not
satisfied its insurance requirements with said self-insurance program. 
  
 7.3.3 Loss-of-income and extra expense insurance in such amounts as will reimburse Tenant for direct or indirect loss of earnings attributable to all perils commonly 

  

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insured against by prudent tenants or attributable to prevention of access to the Premises or to the Building as a result of such perils; provided, however,
that Tenant shall be entitled to self-insure the coverage described in this Section 7.3.3, in which case a waiver of subrogation shall be deemed to apply to such self-insurance. 
  
 7.3.4 Automobile Liability Insurance covering any and all owned, hired and non-owned vehicles used by any
employees or agents of Tenant for limits not less than One Million Dollars ($1,000,000.00) per occurrence. 
  
 7.4 Form of Policies. The minimum limits of policies of insurance required of Tenant under this Lease shall in no event limit the liability of
Tenant under this Lease. All insurance required of Tenant may be subject to standard deductibles. All insurance shall (i) be issued by an insurance company having a rating of not less than A-VII in Best’s Insurance Guide or which is otherwise
acceptable to Landlord and licensed to do business in the State of California; and (ii) provide that said insurance shall not be canceled or coverage changed in a manner which may be adverse to Landlord unless ten (10) days’ prior written
notice shall have been given to Landlord and any mortgagee of Landlord of which Tenant has at least ten (10) days’ prior notice. In addition, the insurance described in Section 7.3.1 shall (a) name Landlord, and any other party related to the
Project specified by Landlord, as an additional insured; (b) specifically cover the liability assumed by Tenant under this Lease including, but not limited to, Tenant’s obligations under Section 7.1 of this Lease (but only to the extent that
such coverage is typically afforded by a typical liability policy); and (c) be primary insurance as to all claims thereunder and provide that any insurance carried by Landlord is excess and is non-contributing with any insurance requirement of
Tenant to the extent of losses arising out of the acts or omissions of Tenant. Tenant shall deliver certificates of all policies to Landlord on or before the Lease Commencement Date and proof of continuation of coverage before the expiration dates
thereof. In the event Tenant shall fail to procure such insurance, or to deliver such policies or certificate, Landlord may, at its option, (i) deny Tenant the right to occupy the Premises until such time as Tenant delivers such policies or
certificate (which denial shall have no effect upon the Lease Commencement Date), or (ii) upon at least ten (10) days’ prior notice to Tenant, procure such policies for the account of Tenant, and the cost thereof shall be paid to Landlord
within five (5) days after delivery to Tenant of bills therefor. 
  
 7.5 Subrogation. Landlord and Tenant agree to have their respective insurance companies issuing property insurance and the type of insurance described in Section 7.3.3 above waive any rights of subrogation that such companies may
have against Landlord or Tenant, as the case may be, so long as the insurance carried by Landlord and Tenant, respectively, is not invalidated thereby. As long as such waivers of subrogation are contained in their respective insurance policies,
Landlord and Tenant hereby waive any right that either may have against the other on account of any loss or damage to their respective property to the extent such loss or damage is insurable under such policies. If either party fails to carry the
amounts and types of insurance required to be carried by it pursuant to this Article 7, such failure shall be deemed to be a covenant and agreement by such party to self-insure with respect to the type and amount of insurance which such party so
failed to carry, with full waiver of subrogation with respect thereto. 
  
 7.6 Additional Insurance Obligations. Tenant shall carry and maintain during the entire Lease Term, at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article
7, and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably requested by Landlord, but in no event shall such increased amounts of insurance
or such other reasonable types of insurance be in excess of that required by landlords of Comparable Buildings with respect to tenants comparable to Tenant, provided that Landlord reasonably demonstrates that Landlord’s request satisfies the
criteria set forth in this Section 7.6. 
  

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 ARTICLE 8 
  

DAMAGE AND DESTRUCTION 
  
 8.1 Repair of Damage to Premises by Landlord. Tenant shall promptly notify Landlord of any damage to the Premises resulting from fire or any other
casualty. If the Building, Premises or Project shall be damaged by fire or other casualty, Landlord shall promptly and diligently, subject to reasonable delays for insurance adjustment or other matters beyond Landlord’s reasonable control, and
subject to all other terms of this Article 8, restore the Building, Premises and Project. Such restoration shall be to substantially the same condition of the Project prior to the casualty, except for modifications required by zoning and building
codes and other laws or by the holder of a mortgage on the Project or any other modifications to the Common Areas deemed desirable by Landlord, provided access to the Premises and any common restrooms serving the Project shall not be materially
impaired. Upon the occurrence of any damage to the Premises, Tenant shall assign to Landlord (or to any party designated by Landlord) all insurance proceeds payable to Tenant under Tenant’s insurance required under Section 7.3 of this Lease to
the extent necessary to reimburse Landlord for all costs and expenses incurred by Landlord in connection with the repair of any such damage, and Landlord shall repair any injury or damage to the Tenant Improvements and Alterations installed in the
Premises and shall return such Tenant Improvements and Alterations to their original condition; provided that if the cost of such repair by Landlord exceeds the amount of insurance proceeds received by Landlord from Tenant’s insurance carrier,
as assigned by Tenant, plus the amount of insurance proceeds received by Landlord from Landlord’s insurance carrier to the extent allocable to damage of the Tenant Improvements and Alterations, the cost of such repair shall be paid by Tenant on
a progress-payment basis, but only after exhaustion of Tenant’s and Landlord’s insurance proceeds received by Landlord and allocable to the damage of the Tenant Improvements and Alterations. In connection with such repairs and
replacements, Tenant shall, prior to the commencement of construction, submit to Landlord, for Landlord’s review and approval, all plans, specifications and working drawings relating, to the Tenant Improvements, and Tenant and Landlord shall
select the contractors to perform such improvement work. Landlord shall not be liable for any inconvenience or annoyance to Tenant or its visitors, or injury to Tenant’s business resulting in any way from such damage or the repair thereof;
provided however, that if such fire or other casualty shall have damaged the Premises or Common Areas necessary to Tenant’s occupancy, Landlord shall allow Tenant a proportionate abatement of Rent during the time and to the extent the Premises
are unfit for occupancy for the purposes permitted under this Lease, and not occupied by Tenant as a result thereof; provided, however, that if the Premises is damaged such that the remaining portion thereof is not sufficient to allow Tenant to
conduct is business operations from such remaining portion and Tenant does not conduct its business operations therefrom, Landlord shall allow Tenant a total abatement of Rent during the time and to the extent the Premises are unfit for occupancy
for the purposes permitted under this Lease, and not occupied by Tenant as a result of the subject damage. 
  
 8.2 Landlord’s Option to Repair. Notwithstanding the terms of Section 8.1 of this Lease, Landlord may elect not to rebuild and/or restore the
Building, Premises and Project and instead terminate this Lease by notifying Tenant in writing of such termination within sixty (60) days after Landlord learns of the necessity for repairs as the result of damage, such notice to include a
termination date giving Tenant ninety (90) days to vacate the Premises, but Landlord may so elect only if the Premises shall be damaged by fire or other casualty or cause, and one or more of the following conditions is present: (i) repairs cannot
reasonably be completed within eighteen (18) months after the date Landlord learns of the necessity for repairs as the result of such damage (when such repairs are made without the payment of overtime or other premiums) as certified by a contractor
mutually acceptable to Landlord and Tenant (the “Certifying Contractor”); or (ii) the amount of the damage not fully covered, including deductible amounts, but excluding any amounts which would have been covered had Landlord carried
the insurance required to be carried by Landlord under this Lease, by Landlord’s insurance policies is equal to or greater than Five Million and No/100 Dollars ($5,000,000.00); provided, however, that if Landlord does not elect to terminate
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Landlord learns of the necessity for repairs as a result of such damage, as certified by the Certifying Contractor, Tenant may elect, no earlier than sixty
(60) days after the date of the damage and not later than the later of (A) Landlord’s delivery of notice to Tenant that Landlord is not electing to terminate this Lease or (B) ninety (90) days after the date of such damage, to terminate this
Lease by written notice to Landlord effective as of the date specified in the notice, which date shall not be less than thirty (30) days nor more than sixty (60) days after the date such notice is given by Tenant. Furthermore, if neither Landlord
nor Tenant have terminated this Lease, and the repairs are not actually completed within such eighteen (18) month period, as extended by Tenant delays and delays due to Force Majeure events, Tenant shall have the right to terminate this Lease during
the first five (5) business days of each calendar month following the end of such period until such time as the repairs are complete, by notice to Landlord (the “Damage Termination Notice”), effective as of a date set forth in the
Damage Termination Notice (the “Damage Termination Date”), which Damage Termination Date shall not be earlier than the end of each such month. Tenant may at any time prior to any Damage Termination Date void any previously delivered
Damage Termination Notice. Notwithstanding the foregoing, if Tenant delivers a Damage Termination Notice to Landlord, then Landlord shall have the right to suspend the occurrence of the Damage Termination Date for a period ending thirty (30) days
after the Damage Termination Date set forth in the Damage Termination Notice by delivering to Tenant, within five (5) business days of Landlord’s receipt of the Damage Termination Notice, a certificate of Landlord’s contractor responsible
for the repair of the damage certifying that it is such contractor’s good faith judgment that the repairs shall be substantially completed within thirty (30) days after the Damage Termination Date. If repairs shall be substantially completed
prior to the expiration of such thirty-day period, then the Damage Termination Notice shall be of no force or effect, but if the repairs shall not be substantially completed within such thirty-day period, then this Lease shall terminate upon the
expiration of such thirty-day period. At any time, from time to time, after the date occurring sixty (60) days after the date of the damage, Tenant may request that Landlord inform Tenant of Landlord’s reasonable opinion of the date of
completion of the repairs and Landlord shall respond to such request within five (5) business days. 
  
 8.3 Waiver of Statutory Provisions. The provisions of this Lease, including this Article 8, constitute an express agreement between Landlord and
Tenant with respect to any and all damage to, or destruction of, all or any part of the Premises, the Building or the Project, and any statute or regulation of the State of California, including, without limitation, Sections 1932(2) and 1933(4) of
the California Civil Code, with respect to any rights or obligations concerning damage or destruction in the absence of an express agreement between the parties, and any other statute or regulation, now or hereafter in effect, shall have no
application to this Lease or any damage or destruction to all or any part of the Premises, the Building or the Project. 
  
 8.4 Damage Near End of Term. In the event that the Premises, the Building, or the Project is destroyed or damaged to any substantial extent during
the last twelve (12) months of the Lease Term (as the same may have been extended), then notwithstanding anything contained in this Article 8, Landlord or Tenant shall have the option to terminate this Lease by giving written notice to the other
party of the exercise of such option within sixty (60) days after the necessity for repairs as the result of such damage or destruction becomes known, in which event this Lease shall cease and terminate as of the date of such notice, Tenant shall
pay the Base Rent and Additional Rent, properly apportioned up to such date of damage, and both parties hereto shall thereafter be freed and discharged of all further obligations hereunder, except as provided for in provisions of this Lease which by
their terms survive the expiration or earlier termination of the Lease Term. Notwithstanding the foregoing, however, if Landlord’s notice of termination is given more than nine (9) months before the expiration of the Term and Tenant has an
unexercised option to renew under Section 2.2, subject to the provisions of Section 8.2, Tenant may override Landlord’s termination notice given under this Section 8.4 by exercising the option to renew by written notice within ten (10) business
days of Tenant’s receipt of Landlord’s notice of termination, in which case this Lease will remain in full force and effect and Landlord will repair/restore the Damage as provided above. 
  

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 8.5 Insurance Proceeds Upon Termination. In any case where this Lease shall be terminated by
Landlord or Tenant pursuant to the provisions of this Lease, Tenant shall be entitled to retain or Landlord shall assign to Tenant the proceeds of the insurance carried by Tenant or Landlord covering the Tenant Improvements and Alterations payable
by reason of such damage event, to the extent such proceeds are attributable to the then unamortized amount paid by Tenant for such Tenant Improvements and Alterations in excess of the Tenant Improvement Allowance paid in connection with the Second
Amendment. Such amortization shall be computed on a straight line basis over a ten (10) year term commencing on the Commencement Date, with respect to any of the improvements constructed in the Premises in connection with the Second Amendment,
unless the damage occurs after the date occurring nine (9) months prior to the expiration of the initial Lease Term for the, in which case such amortization shall be computed on a straight line basis over a eight (8) year term commencing on the
Commencement Date. All other proceeds covering the Tenant Improvements and Alterations shall be paid to, or retained by, Landlord. 
  
 ARTICLE 9 
 PERSONAL PROPERTY AND
OTHER TAX 
  
 Tenant shall reimburse Landlord upon demand
for any and all taxes required to be paid by Landlord (except to the extent included in Tax Expenses by Landlord), excluding state, local and federal personal or corporate income taxes measured by the net income of Landlord from all sources and
estate and inheritance taxes, whether or not now customary or within the contemplation of the parties hereto, when: (i) such taxes are measured by or reasonably attributable to the cost or value of Tenant’s equipment, furniture, fixtures and
other personal property located in the Premises, or by the cost or value of any leasehold improvements made in or to the Premises by or for Tenant, to the extent the cost or value of such leasehold improvements exceeds the greater of (1) Forty-Five
Dollars ($45.00) per rentable square foot of the Premises, and (2) the amount per rentable square foot which Landlord is using as a base value above which Landlord will directly charge tenants in the Building for Tax Expenses attributable to the
cost or value of leasehold improvements located in such tenants’ premises; provided that any amounts of real estate taxes attributable to tenant improvements that are in excess of such base value shall not be included in Tax Expenses; (ii) such
taxes are assessed upon or with respect to the possession, leasing, operation, management, maintenance, alteration, repair, use or occupancy by Tenant of the Premises or any portion of the Project, including the Project’s parking facility;
(iii) such taxes are assessed upon this transaction or any document to which Tenant is a party creating or transferring an interest or an estate in the Premises; or (iv) such taxes or assessments are levied or assessed upon the Project or any part
thereof or upon Landlord by any governmental authority or entity, and relate to the construction, operation, management, use, alteration or repair of mass transit improvements. 
  
 ARTICLE 10 
 SERVICES AND UTILITIES 
  
 10.1 Standard
Tenant Services. Landlord shall provide the following services on all days (unless otherwise stated below) during the Lease Term. 
  
 10.1.1 Subject to all governmental rules, regulations and guidelines applicable thereto, Landlord shall provide heating ventilation and
air conditioning (“HVAC”) when necessary for normal comfort for normal office use in the Premises, from Monday through Friday, during the period from 8:00 A.M. to 6:00 P.M. and on Saturday during the period from 9:00 A.M. to 1:00
P.M., except for the date of observation of New Year’s Day, Independence Day, Labor Day, Memorial Day, Thanksgiving Day, Christmas Day and, at Landlord’s discretion, other locally or nationally recognized holidays applied as such to all
tenants of the Project (collectively, the “Holidays”). Tenant shall be entitled to install, as an Alteration, dedicated heating, ventilation and air conditioning units (“Package Units”) within the Premises at
Tenant’s sole cost and expense. The plans and specifications for any Package Units and accompanying meters shall, as indicated in Article 6 above and Exhibit C (as applicable), be subject to 

  

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Landlord’s reasonable approval. If Tenant elects to install Package Units within the Premises, Tenant shall also install, at Tenant’s sole cost and
expense, separate meters in order to measure the amount of electricity furnished to such units and Tenant shall be responsible for Landlord’s actual cost of supplying electricity to such units as reflected by such meters, which amounts shall be
payable on a monthly basis as Additional Rent. Tenant shall be solely responsible for maintenance and repair of the Package Units and such units shall be considered to be a fixture within the Premises and shall remain upon the Premises upon the
expiration or earlier termination of the Lease Term or any applicable Option Term. 
  
 10.1.2 Landlord shall provide adequate electrical wiring, power and facilities for connection to Tenant’s lighting fixtures and
incidental uses, provided that (i) the monthly connected electrical load of the incidental use equipment does not exceed an average of five (5.0) watts per usable square foot of the Premises, and (ii) the monthly connected electrical load of
Tenant’s lighting fixtures does not exceed an average of two and one-half (2 1/2) watt per usable square
foot of the Premises. Tenant shall bear the initial cost of lamps, starters and ballasts for lighting fixtures within the Premises. Tenant shall also bear the cost of replacement of non-standard lamps, starters and ballasts for lighting fixtures
within the Premises; however, the cost of replacement of Building-standard lamps, starters and ballasts for lighting fixtures within the Premises shall be included in Operating Expenses. 
  
 10.1.3 Landlord shall provide city water from the regular
Building outlets for drinking, lavatory and toilet purposes and shall supply condensor water for Tenant’s use in connection with its Package Units, if any, to the extent available. 
  
 10.1.4 Landlord shall provide janitorial services Monday through Friday except the date of observation of
the Holidays, in and about the Premises in accordance with the minimum specifications set forth as Exhibit H attached hereto and made a part hereof by this reference. 
  
 10.1.5 Landlord shall provide nonexclusive automatic passenger elevator service. 
  
 10.1.6 Landlord shall provide nonexclusive freight elevator
service subject to reasonable scheduling by Landlord. 
  
 10.1.7 Access. Landlord shall furnish to Tenant’s employees and agents access to the Building, Premises and Building parking facility on a seven (7) day per week, twenty-four (24) hour per day basis, subject to compliance with
such security measures as shall from time to time be in effect for the Building and/or the Project, Landlord maintenance activities and subject to the Rules and Regulations. 
  
 10.1.8 Building Security. Landlord shall provide building security systems and procedures which are
at least to the level in place for the Building as of the date of this Lease. In addition, upon request, Landlord’s security guards will accompany Tenant’s employees and/or visitors to their vehicles after dark. Landlord does not warrant
the effectiveness of any of Landlord’s security systems and procedures and Tenant shall have the right, at Tenant’s expense, to provide additional security equipment or personnel in the Premises, (including, subject to Landlord’s
reasonable approval, a magnetic cardkey system to control access to the Premises, the stairwells servicing the Premises, and the restrooms on full floors within the Premises and other areas within the Premises which Tenant reasonably deems necessary
to secure in a similar fashion) provided that Landlord is given reasonable access to the Premises, such access that Landlord deems necessary to Building stairwells and restrooms, and that any such security system installed by Tenant complies with
all applicable codes and shall not create any material security risk to the Building or materially adversely affect the rights of other tenants in the Project. Tenant shall have the right to retain the current restricted access Hirsch security
system, pursuant to which Tenant has restricted access to the portion of its Premises on the 21st floor,
22nd floor, 24th floor and 25th floor of the Building and shall have the right to
upgrade or replace such system from time to time in accordance with this Lease. 
  

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 10.2 Overstandard Tenant Use. Tenant shall not, without Landlord’s prior written consent, use
heat-generating machines, machines other than normal office machines, or equipment or lighting other than Building standard lights in the Premises, which may materially and adversely affect the temperature otherwise maintained by the air
conditioning system or increase the water normally furnished for the Premises by Landlord pursuant to the terms of Section 10.1 of this Lease. If such consent is given, Tenant shall, with the reasonable approval of Landlord of plans and
specifications therefor, install supplementary air conditioning units or other facilities in the Premises, including supplementary or additional metering devices (to the extent necessary to eliminate the material, adverse effect), and the cost
thereof, including the cost of installation, operation and maintenance, increased wear and tear on existing equipment and other similar charges shall be paid by Tenant to Landlord within thirty (30) days after written notice thereof. If Tenant uses
water or electricity in excess of that supplied by Landlord pursuant to Section 10.1 of this Lease, Tenant shall pay to Landlord within thirty (30) days after written notice thereof all actual costs incurred by Landlord in connection with such
excess consumption, the cost of the installation, operation, and maintenance of equipment which is installed in order to supply such excess consumption, and the cost of the increased wear and tear on existing equipment caused by such excess
consumption; and Landlord may install devices to separately meter any increased use and in such event Tenant shall pay the increased cost directly to Landlord within ten (10) business days after receipt of written notice, including the cost of such
additional metering devices if such devices indicate there has been excess consumption. If Tenant desires to use heat, ventilation or air conditioning during hours other than those for which Landlord is obligated to supply such utilities pursuant to
the terms of Section 10.1 of this Lease, Tenant shall give Landlord such reasonable prior notice, if any, as Landlord shall from time to time reasonably establish as appropriate, of Tenant’s desired use in order to supply such utilities, and
Landlord shall supply such utilities to Tenant at such hourly cost to Tenant as Landlord shall from time to time establish for the Building, which rate is, as of the date of this Lease, Sixty Dollars ($60.00) per hour per floor. The hourly charge
for such excess HVAC use shall not increase for the first thirty-six (36) months of the Term of this Lease, but may change thereafter from time-to-time throughout the Lease Term if and to the extent Landlord’s actual costs in providing such
service increase provided that Landlord can substantiate such increase. There shall be no minimum charge for such after-hours HVAC, except for any such service ordered for a Saturday, Sunday or Holiday, in which case there shall be a minimum charge
equal to four (4) hours of use. Amounts payable by Tenant to Landlord for such use of additional utilities shall be deemed Additional Rent hereunder and shall be billed on a monthly basis. Landlord may increase the hours or days during which air
conditioning, heating and ventilation are provided to the Premises and the Building to accommodate the usage by tenants occupying two-thirds or more of the rentable square feet of the Building or Project. 
  
 10.3 Interruption of Use. Tenant agrees that, except as otherwise
provided in this Lease, Landlord shall not be liable for damages, by abatement of Rent or otherwise, for failure to furnish or delay in furnishing any service (including telephone and telecommunication services), or for any diminution in the quality
or quantity thereof, when such failure or delay or diminution is occasioned, in whole or in part, by repairs, replacements, or improvements, by any strike, lockout or other labor trouble, by inability to secure electricity, gas, water, or other fuel
at the Building or Project after reasonable effort to do so, by any accident or casualty whatsoever, by act or default of Tenant or other parties, or by any other cause beyond Landlord’s reasonable control; and such failures or delays or
diminution shall never be deemed to constitute an eviction or disturbance of Tenant’s use and possession of the Premises or relieve Tenant from paying Rent or performing any of its obligations under this Lease. Furthermore, Landlord shall not
be liable under any circumstances for a loss of, or injury to, property or for injury to, or interference with, Tenant’s business, including, without limitation, loss of profits, however occurring, through or in connection with or incidental to
a failure to furnish any of the services or utilities as set forth in this Article 10. If any governmental entity promulgates or revises any statute, ordinance, building code, fire code or other code or imposes mandatory or voluntary controls or
guidelines on Landlord or the Project or any portion thereof, relating to the use or conservation of energy, water, gas, light or electricity or the reduction of automobile or other emissions or the provision of any other utility or service provided
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voluntary controls or guidelines, then Landlord may, in its sole discretion, comply with such mandatory or voluntary controls or guidelines or make such
alterations to the Project related thereto without creating any liability of Landlord to Tenant under this Lease, provided that the Premises are not thereby rendered untenantable, and further provided that Landlord will not voluntarily reduce the
level of services provided to the Premises unless Landlord is motivated to do so by anticipated costs savings and efficiencies of operation consistent with the first class character of the Project. Such compliance and the making of such permitted
alterations shall in no event entitle Tenant to any damages, relieve Tenant of the obligation to pay the full Rent reserved hereunder or constitute or be construed as a constructive or other eviction of Tenant. In addition, the cost of such
compliance and alterations shall be included in Operating Expenses. 
  
 10.3.1 Notwithstanding anything to the contrary contained in this Lease, if Tenant is prevented from using the Premises or any portion thereof (the “Affected Area”) to conduct its normal business
operations and Tenant does not, in fact, use the Affected Area for a period of five (5) consecutive business days or more or ten (10) business days or more in any twelve (12) month period, (i) due to any service or utility (including but not limited
to passenger elevator service, janitorial service, HVAC or water) (collectively, the “Essential Services”) not being provided to the Affected Area as required by the terms of this Lease, (ii) because of the presence, in a form or
concentration in violation of applicable law then in effect, of Hazardous Materials regarded as unhealthful under applicable regulations then in effect in or about the Premises (which Hazardous Materials were not brought onto the Project by Tenant
or Tenant’s employees, agents, or licensees), or (iii) due to Force Majeure directly affecting the Project, including events of damage referred to in Article 8, then the following shall apply. 
  
 10.3.1.1 Tenant shall promptly deliver notice of such
condition (the “Cure Notice”) to Landlord and any first mortgage lender of Landlord which has previously been identified in a notice delivered to Tenant and if Landlord fails to cure such condition within two (2) business days after
delivery of the Cure Notice, then, upon delivery of an additional notice to Landlord and any such mortgage lender of Landlord, Rent applicable to the Affected Area shall be abated from the date which occurred three (3) full business days prior to
delivery to Landlord of the Cure Notice until the date when such failure is cured; provided, however, that if Tenant has previously paid Rent, including parking fees to Landlord for a period of time subsequent to the commencement of Tenant’s
right to abate Rent hereunder, then Landlord shall, within ten (10) business days following the date of such abatement, reimburse to Tenant the amount of such excess payments, or Tenant, in addition to its other remedies under this Lease, shall have
the right to offset an amount equivalent to such excess payments against the sums next due under this Lease. 
  
 10.3.1.2 If any condition set forth in Section 10.3.1, above, shall not be cured within ninety (90) days after Landlord’s receipt of
the Cure Notice, such condition shall be considered an event of damage to the Premises under Article 8 and Tenant shall have the rights set forth in Article 8 with respect thereto, including the right to terminate this Lease, subject to the terms
and conditions set forth therein (in which case the date of expiration of said ninety (90) day period shall be deemed the date of damage for purposes of the termination provisions of Article 8). 
  
  
 10.4 Additional Services. Landlord shall also have the exclusive right, but not the obligation, to provide any additional services which may be requested by Tenant, including, without limitation, locksmithing, lamp replacement,
additional janitorial service, and additional repairs and maintenance, provided that Tenant shall pay to Landlord within thirty (30) days after billing, the sum of all costs to Landlord of such additional services plus an administration fee in the
amount of the lesser of (i) fifteen percent (15%) of the cost of such work or (ii) Two Hundred Fifty Dollars ($250.00). If Landlord elects not to provide such service, Tenant shall be entitled to use outside vendors selected by Tenant in order to
provide such service, provided that Landlord shall have reasonable approval rights over such vendors if Landlord reasonably determines such work could affect other tenants in the Project. Charges for any service for which Tenant is required to pay
from time to time hereunder shall be deemed Additional Rent hereunder and shall be billed on a monthly basis. Notwithstanding anything to the contrary set forth in this Lease, if Tenant fails to make payment for any such services within thirty (30)
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therefor, Landlord may discontinue any or all of such additional services until payment and such discontinuance shall not be deemed to constitute an eviction
or disturbance of Tenant’s use and possession of the Premises or relieve Tenant from paying Rent or performing any of its other obligations under this Lease. 
  
 ARTICLE 11 
  
 ASSIGNMENT AND SUBLETTING 
  
 11.1 Transfers. Tenant shall not, without the prior written consent of Landlord, assign, mortgage, pledge, hypothecate, encumber, or permit any
lien to attach to, or otherwise transfer, this Lease or any interest hereunder, permit any assignment, or other transfer of this Lease or any interest hereunder by operation of law, sublet the Premises or any part thereof, or permit the use of the
Premises by any persons other than Tenant and its employees (all of the foregoing are hereinafter sometimes referred to collectively as “Transfers” and any entity to whom any Transfer is made or sought to be made is hereinafter
sometimes referred to as a “Transferee”). If Tenant desires Landlord’s consent to any Transfer, Tenant shall notify Landlord in writing, which notice (the “Transfer Notice”) shall include (i) the proposed
effective date of the Transfer, which shall not be less than thirty (30) days nor more than one hundred eighty (180) days after the date of delivery of the Transfer Notice, (ii) a description of the portion of the Premises to be transferred (the
“Subject Space”), (iii) all of the terms of the proposed Transfer and the consideration therefor, including calculation of the “Transfer Premium”, as that term is defined in Section 11.3 below, in connection with such
Transfer, the name and address of the proposed Transferee, and a copy of all existing executed and/or proposed documentation pertaining to the proposed Transfer, including all existing operative documents to be executed to evidence such Transfer or
the agreements incidental or related to such Transfer, and (iv) current financial statements of the proposed Transferee certified by an officer, partner or owner thereof, and any other information reasonably required by Landlord and which is in
Tenant’s or the proposed Transferee’s possession and to which Tenant is entitled (provided, however, Landlord shall be entitled to request and to receive, reasonably adequate financial statements or other financial reports evidencing the
financial standing and credit of the proposed Transferee), which will enable Landlord to determine the financial responsibility, character, and reputation of the proposed Transferee, nature of such Transferee’s business and proposed use of the
Subject Space, and such other information as Landlord may reasonably require and which is in Tenant’s or the proposed Transferee’s possession and to which Tenant is entitled. Any Transfer made without Landlord’s prior written consent,
where required, shall, at Landlord’s option, be null, void and of no effect. Whether or not Landlord consents to any proposed Transfer, Tenant shall pay all reasonable costs and expenses reasonably incurred by Landlord in connection therewith,
including without limitation, any reasonable legal fees incurred by Landlord, within thirty (30) days after written request by Landlord. 
  
 11.2 Landlord’s Consent. Landlord shall not unreasonably withhold or delay its consent to any proposed Transfer of the Subject Space to the
Transferee on the terms specified in the Transfer Notice, and Landlord shall grant or deny its consent to a proposed Transfer within ten (10) business days following Landlord’s receipt of Tenant’s request therefor together with the
information described in Section 11.1 above. Without limitation as to other reasonable grounds for withholding consent, the parties hereby agree that it shall be reasonable under this Lease and under any applicable law for Landlord to withhold
consent to any proposed Transfer where one or more of the following apply: 
  
 11.2.1 The Transferee is of a character or reputation or engaged in a business which is not consistent with the quality of the Building or the Project; 
  
 11.2.2 The Transferee intends to use the Subject Space for purposes which are not permitted under this
Lease; 
  
 11.2.3 The Transferee is either a
governmental agency or instrumentality thereof that experiences a high volume of public visitation (and no other governmental agency or instrumentality is then occupying any material portion of the Project); 
  

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 11.2.4 The Transfer will result in more than a reasonable and safe number of occupants
per floor within the Subject Space; 
  
 11.2.5
The Transferee is not a party of reasonable financial worth and/or financial stability in light of the responsibilities involved under the Transfer on the date consent is requested; or 
  
 11.2.6 The proposed Transfer would cause a violation of another lease for space in the Project, or would
give an occupant of the Project a right to cancel its lease. 
  
 In addition, Landlord and Tenant hereby agree that it shall be reasonable under this Lease and under any applicable law for Landlord to consider, along with other factors (including, without limitation, those set forth in Sections 11.2.1
through 11.2.6, inclusive, above) in its analysis of whether or not to withhold consent to any proposed Transfer, the fact that the proposed Transferee will retain any right originally granted to Tenant under Section 1.6 or Section 1.7 of this
Lease, provided that such retention may not be the sole factor for denying such consent (or otherwise solely determinative). An assignee pursuant to an assignment of this Lease to which Landlord has consented in accordance with this Lease shall be
referred to in this Lease as a “Permitted Assignee.” If Landlord consents to any Transfer pursuant to the terms of this Section 11.2 (and does not exercise any recapture rights Landlord may have under Section 11.4 of this Lease), Tenant
may within six (6) months after Landlord’s consent, but not later than the expiration of said six-month period, enter into such Transfer of the Premises or portion thereof, upon substantially the same terms and conditions as are set forth in
the Transfer Notice furnished by Tenant to Landlord pursuant to Section 11.1 of this Lease, provided that if there are any changes in the terms and conditions from those specified in the Transfer Notice such that Landlord would initially have been
entitled to refuse its consent to such Transfer under this Section 11.2, Tenant shall again submit the Transfer to Landlord for its approval. Notwithstanding anything to the contrary in the Lease, Tenant waives any right it may have at law or in
equity to terminate this Lease as a result of Landlord’s failure to consent to a Transfer including any of its rights under California Civil Code Section 1995.310 provided, however, Landlord shall be liable to Tenant for all damages incurred by
Tenant as a result of such failure by Landlord in breach of this Lease. Landlord waives any right it may have under this Lease to terminate this Lease as a result of Tenant’s Transfer of any Transfer Space in violation of this Article 11;
provided, however, that Tenant shall be liable to Landlord for all damages incurred by Landlord as a result of such violation of this Article 11. Furthermore, Tenant shall pay all of Landlord’s costs in connection with the termination
(including reasonable attorneys’ fees and costs) of any Transfer in violation of this Article 11 and such Transfer shall be void as against Landlord. If Landlord improperly denies its consent to a Transfer which Tenant is permitted to make
under this Article 11, Landlord shall reimburse Tenant for all direct damages incurred by Tenant as a result of such improper refusal to consent. 
  
 11.3 Transfer Premium. 
  
 11.3.1 Definition of Transfer Premium. If Landlord consents to a Transfer, as a condition thereto which the parties hereby agree is
reasonable, Tenant shall pay to Landlord fifty percent (50%) of the amount of any “Transfer Premium,” as that term is defined in this Section 11.3, received by Tenant from such Transferee. “Transfer Premium” shall mean all
rent, additional rent or other consideration received by Tenant from the Transferee in excess of the Rent and Additional Rent payable by Tenant under this Lease during the term of the Transfer on a per rentable square foot basis if less than all of
the Premises is transferred, after deducting the reasonable expenses incurred by Tenant for (i) any changes, alterations and improvements to the Premises in connection with the Transfer, (ii) any brokerage commissions in connection with the
Transfer, (iii) any costs to buy-out or takeover the previous lease of a Transferee, (iv) reasonable legal fees incurred in connection with the Transfer including those fees and costs reimbursed to Landlord pursuant to the last sentence of Section
11.1, (v) the gross revenue paid to Landlord by Tenant during the period of the applicable sublease term or during the assignment with respect to the Subject Space; (vi) the gross revenue with respect to the Subject Space paid to Landlord by Tenant
for all days the Subject Space was vacated from the date that Tenant first vacated the Subject Space until the date the assignee or sublessee was to pay Rent, (vii) 

  

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unamortized cost of initial and subsequent improvements to the Subject Space by Tenant; (viii) rental paid by Tenant to Landlord during the period the
Subject Space is vacated and not occupied by Tenant, following the engagement of a broker to market the space for sublease and (ix) marketing and advertising costs, and (x) any other “out-of-pocket” monetary concessions reasonably provided
in connection with the Transfer including, but not limited to, tenant improvement or decorating allowances (collectively, the “Transfer Costs”). “Transfer Premium” shall also include, but not be limited to, key money,
bonus money or other cash consideration paid by Transferee to Tenant in connection with such Transfer, and any payment in excess of fair market value for services rendered by Tenant to Transferee or in excess of fair market value for assets,
fixtures, inventory, equipment, or furniture transferred by Tenant to Transferee in connection with such Transfer. 
  
 11.3.2 Payment of Transfer Premium. The determination of the amount of Landlord’s applicable share of the Transfer Premium
shall be made on an annual basis in accordance with the terms of this Section 11.3.2, but an estimate of the amount of Landlord’s applicable share of the Transfer Premium shall be made each month and one-twelfth of such estimated amount shall
be paid to Landlord promptly, but in no event later than the next date for payment of Base Rent hereunder, subject to an annual reconciliation on each anniversary date of the Transfer. If the payments to Landlord under this Section 11.3.2 during the
twelve (12) months preceding each annual reconciliation exceed the amount of Landlord’s applicable share of Transfer Premium determined on an annual basis, then Landlord shall credit the overpayment against Tenant’s future obligations
under this Section 11.3.2 or if the overpayment occurs during the last year of the Transfer in question, refund the excess to Tenant within thirty (30) days after expiration or earlier termination of the Lease. If Tenant has underpaid
Landlord’s applicable share of the Transfer Premium, as determined by such annual reconciliation, Tenant shall pay the amount of such deficiency to Landlord promptly, but in no event later than the next date for payment of Base Rent hereunder
which is at least fifteen (15) days after such deficiency is determined and Tenant has notice thereof. For purposes of calculating the Transfer Premium on an annual basis, Tenant’s Transfer Costs shall be deemed to be offset against the first
rent, additional rent or other consideration payable by the Transferee, until such Transfer Costs are exhausted. 
  
 11.4 Landlord’s Option as to Subject Space. Notwithstanding anything to the contrary contained in this Article 11, if Tenant contemplates a
Transfer (other than the transactions specified in Section 11.7 below), then Tenant shall give Landlord notice (the “Intention to Transfer Notice”) of such contemplated Transfer (whether or not the contemplated Transferee or the
terms of such contemplated Transfer have been determined). The Intention to Transfer Notice shall specify the portion of and number of rentable square feet of the Premises which Tenant intends to Transfer (the “Contemplated Transfer
Space”), the contemplated date of commencement of the contemplated Transfer (the “Contemplated Effective Date”) and the contemplated length of the term of such contemplated Transfer (“Contemplated Term”).
Thereafter, Landlord shall have the option, by giving written notice to Tenant within ten (10) business days after Landlord’s receipt of the Intention to Transfer Notice, to terminate this Lease as to the Contemplated Transfer Space for the
Contemplated Term effective as of the Contemplated Effective Date. In the event that such option is exercised by Landlord, this Lease shall be terminated (or, where appropriate, suspended if the last day of the Contemplated Term is not the last day
of the Lease Term, and at the end of such suspension period, the applicable portion of the Premises shall be returned to Tenant in the same condition as when received, reasonable wear and tear excepted) with respect to the Contemplated Transfer
Space as of the Contemplated Effective Date until the last date of the Contemplated Term. If this Lease shall be so terminated with respect to less than the entire Premises, the Rent reserved herein shall be prorated on the basis of the number of
rentable square feet retained by Tenant in proportion to the number of rentable square feet contained in the entire Premises, and this Lease as so amended shall continue thereafter in full force and effect, and upon request of either party, the
parties shall execute written confirmation of the same. If Landlord declines, or fails to elect in a timely manner to terminate this Lease as to the Contemplated Transfer Space for the Contemplated Term under this Section 11.4 within such ten (10)
business day period, then, provided Landlord has consented to the proposed Transfer, Tenant shall be entitled to proceed to transfer the 

  

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Contemplated Transfer Space to a proposed Transferee and Landlord shall not have any right to recapture such Contemplated Transfer Space with respect to any
Transfer thereof consummated within a period of six (6) months (the “Six Month Period”) commencing on the expiration of such ten (10) business day period; provided, however, that any such Transfer shall be subject to other terms of
this Article 11. If such a Transfer is not so consummated within the Six Month Period (or if a Transfer is so consummated, then upon the expiration of the term of any Transfer of such Contemplated Transfer Space consummated within such Six Month
Period), Tenant shall again be required to submit a new Intention to Transfer Notice to Landlord with respect to any contemplated Transfer, as provided above in this Section 11.4. 
  
 11.5 Effect of Transfer. If Landlord consents to a Transfer, (i) the terms and conditions of this Lease shall in no
way be deemed to have been waived or modified, (ii) such consent shall not be deemed consent to any further Transfer by either Tenant or a Transferee, (iii) Tenant shall deliver to Landlord, promptly after execution, an original executed copy of all
documentation pertaining to the Transfer in a form reasonably acceptable to Landlord, and (iv) no Transfer relating to this Lease or agreement entered into with respect thereto, whether with or without Landlord’s consent, shall relieve Tenant
from liability under this Lease. Landlord or its authorized representatives shall have the right upon reasonable prior notice and at all reasonable times to audit the books, records and papers of Tenant relating to any Transfer, and shall have the
right to make copies thereof. If the Transfer Premium with respect to any Transfer shall be found understated, Tenant shall, within thirty (30) days after demand, pay the deficiency plus interest at the Interest Rate and if understated by more than
five percent (5%), Tenant shall pay Landlord’s reasonable cost of such audit. 
  
 11.6 Additional Transfers. For purposes of this Lease, the term “Transfer” shall also include (i) if Tenant is a partnership, the withdrawal or change, voluntary, involuntary or by operation of law,
of more than fifty percent (50%) of the partners, or transfer of more than fifty percent (50%) of partnership interests, within a twelve (12)-month period, or the dissolution of the partnership without immediate reconstitution thereof, and (ii) if
Tenant is a closely held corporation (i.e., whose stock is not publicly held and not traded through an exchange or over the counter), the sale or other transfer of more than an aggregate of more than fifty percent (50%) of the voting shares of
Tenant (other than to immediate family members by reason of gift or death), within a twelve (12)-month period; subject in each case to Section 11.7 below. 
  
 11.7 Non-Transfers. Notwithstanding anything to the contrary contained in this Article 11, (i) an assignment or subletting of all or a portion of
the Premises to an entity which is controlled by, controls, or is under common control with, Tenant), or to a purchaser of all or substantially all of the assets of Tenant, or to an entity resulting, by operation of law or otherwise, from the
merger, consolidation or other reorganization of Tenant (any such entity, an “Affiliate”), (ii) an assignment or subletting of all or a portion of the Premises to an Affiliate, a parent of an Affiliate, or an Affiliate of a parent,
or (iii) a transfer, by law or otherwise, in connection with the merger, consolidation or other reorganization of Tenant or an Affiliate, shall not be deemed a Transfer under this Article 11, provided that Tenant notifies Landlord of any such
assignment or sublease and promptly supplies Landlord with any documents or information requested by Landlord regarding such assignment or sublease or such Affiliate, and further provided that such assignment or sublease is not a subterfuge by
Tenant to avoid its obligations under this Lease. An assignee of Tenant’s entire interest under this Lease pursuant to the immediately preceding sentence may be referred to herein as an “Affiliated Assignee.”
“Control,” as used in this Section 11.7, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person or entity, whether through the ownership of voting
securities, by contract or otherwise. 
  
 11.8 Landlord’s
Recognition of Transfers upon Lease Termination. Tenant may request, as part of its Transfer Notice, that a Transferee receive a recognition agreement (“Recognition Agreement”) from Landlord which provides that in the event this
Lease is terminated, Landlord shall recognize the Transfer, and Landlord shall be required to execute a Recognition Agreement with such Transferee only under the following conditions (which conditions must be reflected in the Recognition Agreement):
(i) such Transfer is made upon the same terms and conditions set forth in this Lease, subject to equitable modifications based on the 

  

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number of rentable square feet contained in the Subject Space; provided, however, the rental and other economic terms of such Transfer shall be the greater
of (A) those applicable to the Subject Space under this Lease, or (B) those applicable to the Subject Space under the assignment or sublease, (ii) the Subject Space is either one or both of (A) a floor or floors higher than any other floors of the
Premises which are not subject to a Recognition Agreement, or (B) a floor or floors lower than any other floors of the Premises which are not subject to a Recognition Agreement, (iii) the Subject Space contains only full floors in the Building, (iv)
all Subject Space is contiguous, (v) the Transferee is a party of reasonable financial worth and/or financial stability in light of the responsibilities involved under the subject Transfer, (vi) Landlord shall not be liable for any act or omission
of Tenant, (vii) Landlord shall not be subject to any offsets or defenses which the Transferee might have as to Tenant or to any claims for damages against Tenant, (viii) Landlord shall not be required or obligated to credit the Transferee with any
rent or additional rent paid by the Transferee to Tenant except to the extent actually received by Landlord, (ix) Landlord shall not be bound by any terms or conditions of the Transfer which are inconsistent with the terms and conditions of this
Lease, (x) Landlord shall be responsible for performance of only those covenants and obligation of Tenant pursuant to the Transfer accruing after the termination of this Lease, and (xi) the Transferee shall make full and complete attornment to
Landlord, as lessor, pursuant to a written agreement executed by Landlord and the Transferee so as to establish direct privity of contract between Landlord and the Transferee with the same force and effect as if the Transfer was originally made
directly between Landlord and the Transferee. Upon Landlord’s written request given any time after the termination of this Lease, the Transferee shall execute a lease for the Subject Space upon the same terms and conditions as set forth in the
Recognition Agreement. Tenant shall pay, as Additional Rent and within thirty (30) days after invoice, for all reasonable out-of-pocket costs incurred by Landlord in preparing such Recognition Agreement. 
  
 ARTICLE 12 
  
 DEFAULTS; REMEDIES 
  
 12.1 Events of Default. The occurrence of any of the following shall
constitute a default of this Lease by Tenant: 
  
 12.1.1 Any failure by Tenant to pay any Rent or any other charge required to be paid under this Lease, or any part thereof, within five (5) business days of notice that the same is due, which notice shall be in addition to and not in lieu
of any notice required under California Code of Civil Procedure Section 1161 or any similar or successor law; or 
  
 12.1.2 Any failure by Tenant to observe or perform any other provision, covenant or condition of this Lease to be observed or performed by
Tenant where such failure continues for thirty (30) days after written notice thereof from Landlord to Tenant; provided however, that any such notice shall be in addition to, and not in lieu of, any notice required under California Code of Civil
Procedure Section 1161 or any similar or successor law; and provided further that if the nature of such default is such that the same cannot reasonably be cured within a thirty (30)- day period, Tenant shall not be deemed to be in default if it
diligently commences such cure within such period and thereafter diligently proceeds to rectify and cure said default as soon as possible. 
  
 12.2 Remedies Upon Default. Upon the occurrence of any event of default by Tenant, Landlord shall have, in addition to any other remedies available
to Landlord at law or in equity, the option to pursue any one or more of the following remedies, each and all of which shall be cumulative and nonexclusive. 
  
 12.2.1 Terminate this Lease, in which event Tenant shall immediately surrender the Premises to Landlord, and if Tenant fails to do so,
Landlord may, without prejudice to any other remedy which it may have for possession or arrearages in rent, enter upon and take possession of the Premises and expel or remove Tenant and any other person who may be occupying the Premises or any part
thereof, without being liable for prosecution or any claim or damages therefor; and Landlord may recover from Tenant the following: 
  
 (i) The worth at the time of award of any unpaid rent which has been earned at the time of such termination; plus 
  

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 (ii) The worth at the time of award of the amount by which the unpaid rent which would
have been earned after termination until the time of award exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided; plus 
  

(iii) The worth at the time of award of the amount by which the unpaid rent for the balance of the Lease Term after the time of award
exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided; plus 
  
 (iv) Any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its
obligations under this Lease or which in the ordinary course of things would be likely to result therefrom; and 
  
 (v) At Landlord’s election, such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by
applicable law. 
  
 The term “rent” as
used in this Section 12.2 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Paragraphs 12.2.1 (i) and (ii), above, the
“worth at the time of award” shall be computed by allowing interest at the Interest Rate. As used in Paragraph 12.2.1 (iii) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate
of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%). 
  
 12.2.2 Landlord shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in effect after
lessee’s breach and abandonment and recover rent as it becomes due, if lessee has the right to sublet or assign, subject only to reasonable limitations). Accordingly, if Landlord does not elect to terminate this Lease on account of any default
by Tenant, Landlord may, from time to time, without terminating this Lease, enforce all of its rights and remedies under this Lease, including the right to recover all rent as it becomes due. 
  
 12.3 Sublessees of Tenant. If Landlord terminates this Lease on
account of any default by Tenant, as set forth in this Article 12, except as provided in Section 11.8 of this Lease, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for
possession entered into by Tenant and affecting the Premises or may, in Landlord’s sole discretion, succeed to Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s election to succeed
to Tenant’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable
thereunder. 
  
 12.4 Waiver of Default. No waiver by
Landlord or Tenant of any violation or breach of any of the terms, provisions and covenants herein contained shall be deemed or construed to constitute a waiver of any other or later violation or breach of the same or any other of the terms,
provisions, and covenants herein contained. Forbearance by Landlord or Tenant in enforcement of one or more of the remedies available to such party upon an event of default shall not be deemed or construed to constitute a waiver of such default. The
acceptance of any Rent hereunder by Landlord following the occurrence of any default, whether or not known to Landlord, shall not be deemed a waiver of any such default, except only a default in the payment of the Rent so accepted. 
  
 12.5 Efforts to Relet. For the purposes of this Article 12,
Tenant’s right to possession shall not be deemed to have been terminated by efforts of Landlord to relet the Premises, by its acts of maintenance or preservation with respect to the Premises, or by appointment of a receiver to protect
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merely illustrative of acts which may be performed by Landlord without terminating Tenant’s right to possession. 
  
 12.6 Landlord Default. Notwithstanding anything to the contrary set
forth in this Lease, any failure by Landlord to observe or perform any provision, covenant or condition of this Lease to be observed or performed by Landlord, where such failure continues for thirty (30) days after written notice thereof from Tenant
to Landlord specifying in detail Landlord’s failure to perform shall constitute a default hereunder by Landlord, provided that, if the nature of Landlord’s obligation is such that the same cannot reasonably be cured within a thirty
(30)-day period, Landlord shall not be deemed to be in default if it diligently commences such performance within such thirty (30) day period and thereafter diligently pursues the same to completion. Upon any such default by Landlord under this
Lease, Tenant may, except as otherwise specifically provided in this Lease to the contrary, exercise any of its rights provided at law or in equity. 
  
 ARTICLE 13 
  
 CONDEMNATION 
  
 13.1 Permanent Taking. In case the whole of the Premises, the Building or Project, or such part thereof as shall substantially interfere with Tenant’s use and occupancy of the Premises, shall be taken by
any lawful power or authority by exercise of the right of eminent domain, or sold to prevent such taking, within sixty (60) days after receipt of notice of such taking, either Tenant or Landlord may terminate this Lease effective as of the date
possession is required to be surrendered to said authority. If such portion of the Building or Project is so taken or sold so as to require a substantial alteration or reconstruction of the remaining portions thereof, or which renders the Building
or Project economically inviable for its use as presently intended, or requires cancellation of substantially all tenant leases in the Building, this Lease may be terminated by Landlord, as of the date of the vesting of title under such taking or
sale, by written notice to Tenant within sixty (60) days following notice to Landlord of the date on which said vesting will occur. Except as provided herein, Tenant shall not because of such taking assert any claim against Landlord or the taking
authority for any compensation because of such taking, and Landlord shall be entitled to receive the entire amount of any award without deduction for any estate or interest of Tenant. If the amount of property or the type of estate taken shall not
substantially interfere with Tenant’s use of the Premises, this Lease shall not terminate and Landlord shall be entitled to the entire amount of the award without deduction for any estate or interest of Tenant. In such event, Landlord shall
promptly proceed to restore the Premises to substantially their condition prior to such partial taking, and the Rent shall be abated in proportion to the time during which, and to the part of the Premises of which, Tenant shall be so deprived on
account of such taking and restoration. Nothing contained in this Article 13 shall be deemed to give Landlord any interest in, or prevent Tenant from seeking any award against the taking authority for, one-half (1/2) of the value of Tenant’s
leasehold estate, the taking of personal property and fixtures belonging to Tenant or business interruption expenses recoverable from the taking authority. All Rent shall be apportioned as of the date of such termination, or the date of such taking,
whichever shall first occur. If any part of the Premises shall be taken, and this Lease shall not be so terminated, the Rent shall be proportionately abated. Tenant hereby waives any and all rights it might otherwise have pursuant to Section
1265.130 of The California Code of Civil Procedure. 
  
 13.2
Temporary Taking. Notwithstanding anything to the contrary contained in this Article 13, in the event of a temporary taking of all or any portion of the Premises for a period of one hundred and eighty (180) days or less, then this Lease shall
not terminate but the Base Rent and the Additional Rent shall be abated for the period of such taking in proportion to the ratio that the number of rentable square feet of the Premises taken bears to the total rentable square feet of the Premises.
Landlord shall be entitled to receive the entire award made in connection with any such temporary taking, except that Tenant shall have the right to file any separate claim available to Tenant for claims made by Tenant as a result of the necessity
of Tenant’s moving to temporary space during the period of such temporary taking. 
  

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 ARTICLE 14  
  
 BROKERS 
  
 Landlord and Tenant hereby warrant to each other that they have had no dealings with any real estate broker or agent in connection with the negotiation of
this Lease, excepting only the real estate brokers or agents specified in Section 11 of the Summary (the “Brokers”), and that they know of no other real estate broker or agent who is entitled to a commission in connection with this
Lease. Each party agrees to indemnify and defend the other party against and hold the other party harmless from any and all claims, demands, losses, liabilities, lawsuits, judgments, costs and expenses (including without limitation reasonable
attorneys’ fees) with respect to any leasing commission or equivalent compensation alleged to be owing on account of any dealings with any real estate broker or agent, other than the Brokers, occurring by, through, or under the indemnifying
party. 
  
 ARTICLE 15 
  
 LANDLORD’S LIABILITY 
  
 It is expressly understood and agreed that notwithstanding anything in this
Lease to the contrary, and notwithstanding any applicable law to the contrary, the liability of Landlord and the Landlord Parties hereunder (including any successor landlord hereunder) and any recourse by Tenant against Landlord or the Landlord
Parties shall be limited solely and exclusively to an amount which is equal to the lesser of (i) the interest of Landlord in and to the Building, or (ii) the equity interest Landlord would have in the Building if the Building were encumbered by
third-party debt in an amount equal to eighty percent (80%) of the value of the Building, and neither Landlord, nor any of the Landlord Parties, shall have any personal liability therefor, and Tenant, on behalf of itself and all persons claiming by,
through or under Tenant, hereby expressly waives and releases Landlord and the Landlord Parties from such personal liability. The obligations of Tenant under this Lease do not constitute personal obligations of the directors, officers or
shareholders of Tenant or Tenant’s successor, and Landlord shall look solely to the assets of Tenant for satisfaction of any liability in respect of this Lease and will not seek recourse against such directors, officers or shareholders nor
against any of their personal assets for such satisfaction. 
  
 ARTICLE 16 
  
 INTENTIONALLY OMITTED

  
 ARTICLE 17 
  
 WARNER CENTER ASSOCIATION 
  
 It is understood that at the time of the execution of this Lease an
association has been formed, the purpose of which is to identify and promote the best interest of the employers and employees of Warner Center. Tenant shall, throughout the Lease Term, at its sole cost and expense, cooperate with and promote the
programs of such association as they may from time to time exist so long as the policies of such association shall be non-discriminatory with respect to Tenant and with respect to any membership fee. 
  
 ARTICLE 18 
  
 TENANT PARKING 
  
 Tenant shall lease, commencing on the Lease Commencement Date, the number of
parking passes set forth in Section 9 of the Summary, throughout the Lease Term. Of such parking passes, two (2) passes for each 1,000 usable square feet of the Premises shall be for parking located on the roof of Parking Structure Two (as such
structure is shown on Exhibit “B” hereto) (“Roof Passes”), one (1) pass for each 1,000 usable square feet of the Premises shall be 

  

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for parking located on an unreserved basis anywhere in Parking Structure Two (“Structure Two Passes”) and the remaining one (1) pass for
each 1,000 usable square feet of the Premises shall be for parking located in Parking Structure One or Parking Structure Two as determined by Landlord (“Flex Passes”). Of the Structure Two Passes, Tenant may elect to have up to
eighteen (18) of such passes designated for covered reserved parking at locations within Parking Structure Two reasonably determined by Landlord. Tenant shall pay to Landlord or, at Landlord’s option, “Landlord’s Designee” (as
that term is defined in this Article 18 below), for all such automobile parking passes, on a monthly basis, the prevailing rate charged from time to time for parking passes in the parking facility or facilities. In addition, Tenant shall be
responsible for any taxes imposed by any governmental authority in connection with the renting of such parking passes by Tenant or the use of the parking facility by Tenant. Notwithstanding anything to the contrary contained herein, all parking
charges shall be fifty percent (50%) of the prevailing rate for the Project commencing on January 1, 2005 and continuing through the end of the sixtieth (60th) month of the Term of this Lease. Commencing on January 1, 2010 and continuing throughout
the remainder of the Term, the parking charges shall be seventy-five percent (75%) of the prevailing rate for Project parking. Tenant shall also receive monthly validation credits for fifty percent (50%) of all validation costs that exceed $2,750
per month. Tenant shall abide by all reasonable Rules and Regulations which are reasonably prescribed from time to time for the orderly operation and use of the parking facility or facilities and Tenant shall cooperate in good faith to have
Tenant’s employees and visitors also comply with such Rules and Regulations. Landlord specifically reserves the right, at any time, to (i) change the size, configuration, design, layout and all other aspects of the parking facility or
facilities, and/or (ii) perform repairs to the parking facility or facilities, and Tenant acknowledges and agrees that Landlord may, without incurring any liability to Tenant and without any abatement of Rent under this Lease, from time to time,
close-off or restrict access to the parking facility or facilities for purposes of permitting or facilitating any such construction, alteration, improvements or repairs provided such closure or restriction does not materially interfere with
Tenant’s operation of business. Landlord may lease the parking areas, enter into a license agreement or otherwise delegate its responsibilities under this Article 18 to a parking operator (“Landlord’s Designee”) in which
case Landlord’s Designee shall have all the rights attributed under this Article 18 to the Landlord. The parking passes leased by Tenant pursuant to this Article 18 are provided to Tenant solely for use by Tenant’s own personnel and such
passes may not be transferred, assigned, subleased or otherwise alienated by Tenant without Landlord’s prior approval, except that Tenant may transfer a prorata number of passes to any Transferee permitted under Article 11 above, and to
Tenant’s outside auditors, consultants, contractors, agents and/or other invitees who will frequent the Premises on more than an occasional basis; provided that Tenant shall not profit from any such transfer. Tenant shall be entitled to parking
validations for visitor parking at the rates prevailing from time to time for such validation parking in the Project, subject to the discount specified above in this Article 18. 
  
 ARTICLE 19 
  
 MISCELLANEOUS PROVISIONS 
  
 19.1 Estoppel Certificates. Within twenty (20) days following a request in writing by Landlord, Tenant shall execute and deliver to Landlord an
estoppel certificate in such form as may be required by any prospective mortgagee or purchaser of the Project, or any portion thereof, indicating therein any exceptions thereto that may exist at that time, and shall also contain any other
information reasonably requested by Landlord or Landlord’s mortgagee or prospective mortgagee. Tenant shall execute and deliver whatever other instruments may be reasonably required for such purposes. Failure of Tenant to timely execute and
deliver such estoppel certificate or other instruments shall constitute an acceptance of the Premises and an acknowledgment by Tenant that statements included in the estoppel certificate are true and correct, without exception. Landlord hereby
agrees to provide to Tenant an estoppel certificate signed by Landlord, containing the same types of information, and within the same period of time, as set forth above, with such changes as are reasonably necessary to reflect that the estoppel
certificate is being granted and signed by Landlord to Tenant, rather than from Tenant to Landlord or a lender of Landlord. 
  

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 19.2 Partial Invalidity. If any term, provision or condition contained in this Lease shall, to any
extent, be invalid or unenforceable, the remainder of this Lease, or the application of such term, provision or condition to persons or circumstances other than those with respect to which it is invalid or unenforceable, shall not be affected
thereby, and each and every other term, provision and condition of this Lease shall be valid and enforceable to the fullest extent possible permitted by law. 
  
 19.3 Time of Essence. Time is of the essence of this Lease and each of its provisions. 
  
 19.4 Captions. The captions of Articles and Sections are for
convenience only and shall not be deemed to limit, construe, affect or alter the meaning of such Articles and Sections. 
  
 19.5 Notices. All notices, demands, statements, designations, approvals or other communications (collectively, “Notices”) given or
required to be given by either party to the other hereunder shall be in writing, shall be sent by United States certified or registered mail, postage prepaid, return receipt requested, or delivered personally (i) to Tenant at the appropriate address
set forth in Section 10 of the Summary, or to such other place as Tenant may from time to time designate in a Notice to Landlord; or (ii) to Landlord at the following addresses, or to such other firm or to such other place as Landlord may from time
to time designate in a Notice to 
  
 Landlord:

 DOUGLAS EMMETT REALTY FUND 2000 
 c/o Douglas, Emmett and Company 
 Director of Property Management 
 808 Wilshire Boulevard - Suite 200 
 Santa Monica, California 90401 
  
 Tenant: 
  
 21650 Oxnard Street 
 Suite 2100 
 Woodland Hills, California 91367 
 Attn: Property Manager 
  
 With a copy to: 
  
 Health Net, Inc. 
 Post Office Box 2470 
 Rancho Cordova, California, 95741-2470 
 Attention: Director of Real Estate 
  
 Any Notice will be deemed given on the third (3rd) business day after the date it is mailed as provided in this Section 19.5 or upon the date personal
delivery is made. If Tenant is notified of the identity and address of the holder of any deed of trust or ground or underlying lessor, Tenant shall give to such mortgagee or ground or underlying lessor written notice of any default by Landlord under
the terms of this Lease by registered or certified mail. 
  
 19.6
Nonwaiver. No waiver of any provision of this Lease shall be implied by any failure of Landlord or Tenant to enforce any remedy on account of the violation of such provision and even if such violation shall continue or be repeated
subsequently, any waiver by Landlord or Tenant of any provision of this Lease may only be in writing. Additionally, no express waiver shall affect any provision other than the one specified in such waiver and then only for the time and in the manner
specifically stated. No receipt of monies by Landlord from Tenant after the termination of this Lease shall in any way alter the length of the Lease Term or of Tenant’s right of possession hereunder, or after the giving of any notice shall
reinstate, continue or extend the Lease Term or affect any notice given Tenant prior to the receipt of such monies, it being agreed that after the service of notice or the commencement of a suit, or after final judgment for possession of the
Premises, Landlord may receive and collect any Rent due, and the payment of 

  

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said Rent shall not waive or affect said notice, suit or judgment, except with respect to Rent due under such notice, suit or judgment. 
  
 19.7 Holding Over. If Tenant holds over after the expiration of the
Lease Term hereof, with or without the express or implied consent of Landlord, such tenancy shall be from month-to-month only, and shall not constitute a renewal hereof or an extension for any further term, and in such case Base Rent shall be
payable, during the first thirty (30) days after such holdover commences, at a monthly rate equal to one hundred ten percent (110%) of the Base Rent applicable during the last rental period of the Lease Term under this Lease, and thereafter at a
monthly rate equal to one hundred twenty-five percent (125%) of the Base Rent applicable during the last rental period of the Lease Term under this Lease. Such month-to-month tenancy shall be subject to every other applicable term, covenant and
agreement contained herein. Nothing contained in this Section 19.7 shall be construed as consent by Landlord to any holding over by Tenant, and Landlord expressly reserves the right to require Tenant to surrender possession of the Premises to
Landlord as provided in this Lease upon the expiration or other termination of this Lease. The provisions of this Section 19.7 shall not be deemed to limit or constitute a waiver of any other rights or remedies of Landlord provided herein or at law.
If Tenant fails to surrender the Premises upon the termination or expiration of this Lease, in addition to any other liabilities to Landlord accruing therefrom, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs
(including reasonable attorneys’ fees) and liability resulting from such failure, including, without limiting the generality of the foregoing, any claims made by any succeeding tenant founded upon such failure to surrender and any lost profits
to Landlord resulting therefrom. 
  
 19.8 Waiver of
Default. No waiver by Landlord or Tenant of any violation or breach of any of the terms, provisions and covenants herein contained shall be deemed or construed to constitute a waiver of any other or later violation or breach of the same or any
other of the terms, provisions, and covenants herein contained. Forbearance by Landlord or Tenant in enforcement of one or more of the remedies herein provided upon an event of default shall not be deemed or construed to constitute a waiver of such
default. The acceptance of any Rent hereunder by Landlord following the occurrence of any default, whether or not known to Landlord, shall not be deemed a waiver of any such default, except only a default in the payment of the Rent so accepted.

  
 19.9 Binding Effect. Subject to all other provisions of
this Lease, each of the provisions of this Lease shall extend to and shall, as the case may require, bind or inure to the benefit not only of Landlord and of Tenant, but also of their respective successors or assigns, provided this clause shall not
permit any assignment by Tenant contrary to the provisions of Article 11 of this Lease. 
  
 19.10 Governing Law. This Lease shall be construed and enforced in accordance with the laws of the State of California. 
  

19.11 Subordination. This Lease shall be subject and subordinate to all present and future ground or underlying leases of the Building or
Project and to the lien of any mortgage or trust deed, now or hereafter in force against the Building or Project, if any, and to all renewals, extensions, modifications, consolidations and replacements thereof, and to all advances made or hereafter
to be made upon the security of such mortgages or trust deeds, unless the holders of such mortgages or trust deeds, or the lessors under such ground lease or underlying leases, require in writing that this Lease be superior thereto. In consideration
of, and as a condition precedent to, Tenant’s agreement to permit its interest pursuant to this Lease to be subordinated to any particular future ground or underlying lease of the Building or Project or to the lien of any first mortgage or
trust deed hereafter enforced against the Building or Project and to any renewals, extensions, modifications, consolidations and replacements thereof, Landlord shall deliver to Tenant a commercially reasonable non-disturbance agreement executed by
the landlord under such ground lease or underlying lease or the holder of such mortgage or trust deed. Each such non-disturbance agreement provided by Landlord shall acknowledge, or shall not preclude, any rights of Tenant to offsets against Rent,
as expressly provided in this Lease. Tenant covenants and agrees in the event any proceedings are brought for the foreclosure of any such 

  

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mortgage or if Landlord grants a deed in lieu thereof, or if any ground or underlying lease is terminated, to attorn, without any deductions or set-offs
whatsoever except as expressly provided in this Lease, to the purchaser or any successors thereto upon any such foreclosure sale or the grantee of a deed in lieu thereof, or to the lessor of such ground or underlying lease, as the case may be, if so
requested to do so by such purchaser, grantee or lessor, and to recognize such purchaser, grantee or lessor as the lessor under this Lease. Tenant shall, within twenty (20) business days of request by Landlord, execute such further instruments or
assurances as Landlord may reasonably deem necessary to evidence or confirm the subordination or superiority of this Lease to any such mortgages, trust deeds, ground leases or underlying leases. Tenant waives the provisions of any current or future
statute, rule or law which may give or purport to give Tenant any right or election to terminate or otherwise adversely affect this Lease and the obligations of the Tenant hereunder in the event of any foreclosure proceeding or sale. Promptly after
Landlord’s execution and delivery of this Lease, and not later than thirty (30) days after such execution and delivery, Landlord shall deliver to Tenant, for Tenant’s signature, a Subordination, Non-Disturbance and Attornment Agreement in
the form of Exhibit F attached hereto and made a part hereof (“SNDA”) executed by SunAmerica Life Insurance Company and Landlord. Delivery of an original of the SNDA executed by Landlord and Tenant shall be a condition precedent to
Tenant’s obligations under this Lease. 
  
 19.12
Waiver of Jury Trial; Attorneys’ Fees. EACH PARTY HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION TO ENFORCE THE SPECIFIC PERFORMANCE OF THIS LEASE, FOR DAMAGES FOR THE BREACH HEREOF, OR OTHERWISE FOR ENFORCEMENT OF ANY
REMEDY HEREUNDER. If either party commences litigation against the other for the specific performance of this Lease, for damages for the breach hereof or otherwise for enforcement of any remedy hereunder, the prevailing party shall be entitled
to recover from the other party such costs and reasonable attorneys’ fees as may have been incurred, including any and all costs incurred in enforcing, perfecting and executing such judgment. 
  
 19.13 Entry by Landlord. Landlord reserves the right at all reasonable
times and upon reasonable notice to Tenant (except in the case of an emergency) to enter the Premises to (i) inspect them during normal business hours; (ii) show the Premises to prospective purchasers, mortgagees or ground or underlying lessors or
during the last nine (9) months of the Lease Term, to prospective tenants; (iii) post notices of nonresponsibility; or (iv) alter, improve or repair the Premises or the Building if necessary to comply with current building codes or other applicable
laws, or for structural alterations, repairs or improvements to the Building. Notwithstanding anything to the contrary contained in this Section 19.13, Landlord may enter the Premises at any time to (A) perform services required of Landlord during
normal business hours (except for janitorial service which shall be performed after normal business hours); and (B) perform any covenants of Tenant which Tenant fails to perform. Landlord may make any such entries without the abatement of Rent,
except as otherwise provided in this Lease, and may take such reasonable steps as required to accomplish the stated purposes; provided, however, that any such entry shall be accomplished as expeditiously as reasonably possible and in a manner so as
to cause as little interference to Tenant as reasonably possible. Tenant hereby waives any claims for damages or for any injuries or inconvenience to or interference with Tenant’s business, lost profits, any loss of occupancy or quiet enjoyment
of the Premises, and any other loss occasioned thereby. For each of the above purposes, Landlord shall at all times have a key with which to unlock all the doors in the Premises, excluding Tenant’s vaults, safes and special security areas
designated in advance by Tenant. In an emergency, Landlord shall have the right to use any means that Landlord may deem proper to open the doors in and to the Premises. Any entry into the Premises by Landlord in the manner hereinbefore described
shall not be deemed to be a forcible or unlawful entry into, or a detainer of, the Premises, or an actual or constructive eviction of Tenant from any portion of the Premises. Tenant may, subject to Landlord’s prior approval, designate certain
areas of the Premises as “Secured Areas” should Tenant require such areas for the purpose of securing certain valuable property or confidential information. Landlord may only enter such Secured Areas upon two (2) business days’
notice to Tenant which notice shall specify the date and time of such entry by Landlord; provided, however, that Landlord may enter the Secured Areas without notice to Tenant in the event of an emergency, in which case Landlord 

  

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shall provide Tenant with notice of such entry promptly thereafter. Tenant acknowledges that Landlord shall have no obligation to provide janitorial service
to any such Secured Areas except to the extent Tenant authorizes and permits access thereto for such purposes. 
  
 19.14 Intentionally Omitted. 
  
 19.15 Surrender of Premises; Ownership and Removal of Trade Fixtures. 
  
 19.15.1 Surrender of Premises. No act or thing done by Landlord or any agent or employee of Landlord
during the Lease Term shall be deemed to constitute an acceptance by Landlord of a surrender of the Premises unless such intent is specifically acknowledged in writing by Landlord. The delivery of keys to the Premises to Landlord or any agent or
employee of Landlord shall not constitute a surrender of the Premises or effect a termination of this Lease, whether or not the keys are thereafter retained by Landlord, and notwithstanding such delivery Tenant shall be entitled to the return of
such keys at any reasonable time upon request until this Lease shall have been properly terminated. The voluntary or other surrender of this Lease by Tenant, whether accepted by Landlord or not, or a mutual termination hereof, shall not work a
merger, and at the option of Landlord shall operate as an assignment to Landlord of all subleases or subtenancies affecting the Premises. 
  
 19.15.2 Removal of Tenant Property by Tenant. Upon the expiration of the Lease Term, or upon any earlier termination of this Lease,
Tenant shall, subject to the provisions of this Section 19.15, quit and surrender possession of the Premises to Landlord in good order and condition and as improved by Landlord and/or Tenant (subject to the provisions of Article 6), reasonable wear
and tear and repairs which are specifically made the responsibility of Landlord hereunder excepted. Upon such expiration or termination, Tenant shall, without expense to Landlord, remove or cause to be removed from the Premises all debris and
rubbish, and such items of furniture, equipment, free-standing cabinet work, and other articles of personal property owned by Tenant or installed or placed by Tenant at its expense in the Premises, and such similar articles of any other persons
claiming under Tenant and Tenant shall repair at its own expense all damage to the Premises and Building resulting from such removal. 
  
 19.16 Entire Agreement. It is understood and acknowledged that there are no oral agreements between the parties hereto affecting this Lease and
this Lease supersedes and cancels any and all previous negotiations, arrangements, brochures, agreements and understandings, if any, between the parties hereto or displayed by Landlord to Tenant with respect to the subject matter thereof, and none
thereof shall be used to interpret or construe this Lease. This Lease, the exhibits and schedules attached hereto, and any side letter or separate agreement executed by Landlord and Tenant in connection with this Lease and dated of even date
herewith, contain all of the terms, covenants, conditions, warranties and agreements of the parties relating in any manner to the rental, use and occupancy of the Premises and shall be considered to be the only agreement between the parties hereto
and their representatives and agents with respect to the subject hereof. None of the terms, covenants, conditions or provisions of this Lease can be modified, deleted or added to except in writing signed by the parties hereto. All negotiations and
oral agreements acceptable to both parties have been merged into and are included herein. There are no other representations or warranties between the parties, and all reliance with respect to representations is based totally upon the
representations and agreements contained in this Lease. 
  
 19.17
Signs. 
  
 19.17.1 Full Floors.
Provided all signs are in keeping with the quality, design and style of the Building and Project, Tenant, for any portion of the Premises which comprises an entire floor of the Building, at its sole cost and expense, may install exclusive
identification signage and informational signage anywhere in such full floor portion of the Premises including in the elevator lobby of such full floor portion of the Premises, provided that such signs must not be visible from the exterior of the
Building. The size and specifications for such signs shall be subject to Landlord’s approval, which shall not be unreasonably withheld, conditioned or delayed. Tenant shall be responsible, at Tenant’s sole cost and expense, for maintenance
and repair of any such signs. In addition, Tenant shall cause such signs to be removed from the 

  

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Premises and shall repair all damage to the Premises and the Building resulting from such removal, at Tenant’s sole cost and expense, upon the
expiration or earlier termination of this Lease. 
  
 19.17.2 Multi-Tenant Floors. If other tenants occupy space on the floor on which the Premises is located, Tenant’s identifying signage shall be provided by Landlord, at Tenant’s cost, and such signage shall be comparable to
that used by Landlord for other similar floors in the Building and shall comply with Landlord’s Building standard signage program. 
  
 19.17.3 Monument Signage. Tenant shall be entitled to maintain, at Tenant’s sole cost and expense, the monument signage Tenant
currently maintains at the Project (“Monument Signage”). Such Monument Signage shall be exclusive to Tenant and will afford signs and general visibility thereof on two (2) sides. The graphics, materials, color, design, lettering,
lighting, size, and specifications of the Monument Signage shall be consistent with that of other monument signage at the Project as of the date of this Lease and otherwise subject to the reasonable approval of Landlord and Tenant. In addition, the
Monument Signage shall be subject to receipt of all required governmental permits and approvals and shall be subject to all applicable governmental laws and ordinances including, without limitation, the Warner Center Specific Plan and shall be
subject to any covenants, conditions and restrictions affecting the Project. In the event the necessary governmental approvals and permits for the monument or the Monument Signage are not received, Landlord’s and Tenant’s rights and
obligations under the remaining provisions of this Lease shall be unaffected. The rights to the Monument Signage may not be transferred by the Original Tenant or changed once such signage is initially installed except that Tenant shall be entitled
to transfer the rights to the Monument Signage to an Affiliate Assignee (and, as a result, change the name on the Monument Signage to reflect such assignee’s name), but only if such Affiliate Assignee’s name is not an “Objectionable
Name.” The term “Objectionable Name” shall mean any name which relates to an entity which is of a character or reputation, or is associated with a political orientation or faction, which is materially inconsistent with the
quality of the Project, or which would otherwise reasonably offend a landlord of a first-class, institutional quality, high-rise office building in the Los Angeles area; notwithstanding the foregoing, any name that would conflict with any covenants
in leases of space in the Project shall also be deemed to be an Objectionable Name. Upon the expiration or earlier termination of this Lease (or any other time that Tenant determines that it no longer desire to have Monument Signage as set forth in
Section 19.17.6 below or otherwise), Tenant shall, at Tenant’s sole cost and expense, cause the Monument Signage to be removed from the monument and shall cause the monument to be restored to the condition existing prior to the placement of
such signage. If Tenant fails to remove such signage from the monument and to restore the monument as provided in the immediately preceding sentence within thirty (30) days following the expiration or earlier termination of this Lease (or upon
termination of Tenant’s right to such signage pursuant to Section 19.17.6 below), then Landlord may perform such work, and all costs and expenses reasonably incurred by Landlord in so performing shall be reimbursed by Tenant to Landlord within
thirty (30) days after Tenant’s receipt of invoice therefor. The immediately preceding sentence shall survive the expiration or earlier termination of this Lease. 
  
 19.17.4 Prohibited Signage and Other Items. Any signs, notices, logos, pictures, names or
advertisements which are installed and that have not been separately approved by Landlord may be removed without notice by Landlord at the sole expense of Tenant. Tenant may not install any signs on the exterior or roof of the Project or the Common
Areas. Any signs, window coverings, or blinds (even if the same are located behind the Landlord-approved window coverings for the Building), or other items visible from the exterior of the Premises or Building, shall be subject to the prior written
approval of Landlord, in its sole discretion. 
  
 19.17.5 Directory. During the Term, Tenant shall have the right to designate one (1) name (a department or individual) per one thousand (1,000) rentable square feet in the Premises occupied by Tenant or its Transferees for placement
on the directory board in the lobby of the Building and any other common directory board which may be available for use by office tenants of the Building. 
  

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 19.17.6 Rooftop Signage. Upon the expiration or any earlier termination of the
rights now held by SunAmerica Life Insurance Company to maintain the currently existing rooftop signage at the Building, Tenant shall have the right to substitute Tenant’s rooftop signage identifying Tenant (“Exterior
Signage”). Tenant must exercise such right, if at all, within thirty (30) days after notice from Landlord that such Exterior Signage is available. Tenant’s failure to so notify Landlord in writing that Tenant is exercising such right
shall be deemed to constitute Tenant’s election to not to exercise its right to such Exterior Signage. If Tenant so elects to obtain Exterior Signage, the finish, location graphics, materials, color, design, lettering and other specifications
of the Exterior Signage shall otherwise be subject to Landlord’s approval, which approval may be withheld in Landlord’s reasonable discretion. Tenant acknowledges that the quality of the Project will be closely identified with the
aesthetics of the buildings located therein and of the signage in the Project and that Landlord’s reasonable discretion in approving the graphics, materials, color, design, lettering and other specifications of the Exterior Signage may take
into consideration Landlord’s heightened concerns over such aesthetics. In addition, Tenant’s rights to the Exterior Signage shall be subject to Tenant’s receipt of all required governmental permits and approvals and shall be subject
to all applicable governmental laws and ordinances including, without limitation, any specific plan governing Warner Center. Landlord shall fully cooperate with Tenant’s attempt to obtain any such permits and approvals, at no cost to Landlord.
The cost of installation of the Exterior Signage as well as all costs of design and construction of such signage and all other cost associated with such signage including, without limitation, permits, maintenance and repair, shall be the sole
responsibility of Tenant. The rights to the Exterior Signage may not be transferred by the Original Tenant or changed once such signage is initially installed except that Tenant shall be entitled to transfer the rights to the Exterior Signage to an
Affiliate Assignee (and as a result, change the name on the Exterior Signage to reflect such assignee’s name), but only if such Affiliate Assignee’s name is not an Objectionable Name. Upon the expiration or earlier termination of this
Lease (or any other time Tenant determines that it no longer desires to have Exterior Signage) Tenant shall, at Tenant’s sole cost and expense, cause the Exterior Signage to be removed from the Building and shall cause the Building to be
restored to the condition existing prior to the placement of such signage. If Tenant fails to remove such signage from the Building and fails to restore the Building as provided in the immediately preceding sentence within thirty (30) days following
the expiration or earlier termination of this Lease, then Landlord may perform such work, and all costs and expenses reasonably incurred by Landlord in so performing shall be reimbursed by Tenant to Landlord within thirty (30) days after
Tenant’s receipt of invoice therefor. The immediately preceding sentence shall survive the expiration or earlier termination of this Lease. 
  
 19.18 Covenant Against Liens. Tenant has no authority or power to cause or permit any lien or encumbrance of any kind whatsoever, whether created
by act of Tenant, operation of law or otherwise, to attach to or be placed upon the Project or Premises, and any and all liens and encumbrances created by Tenant shall attach to Tenant’s interest only. Landlord shall have the right at all times
to post and keep posted on the Premises any notice which it deems necessary for protection from such liens. Tenant covenants and agrees not to suffer or permit any lien of mechanics or materialmen or others to be placed against the Project, the
Building or the Premises, or any portion thereof, with respect to work or services claimed to have been performed for or materials claimed to have been furnished to Tenant or the Premises, and, in case of any such lien attaching or notice of any
lien, Tenant covenants and agrees to cause it to be removed of record within thirty (30) days after Tenant’s receipt of notice from Landlord regarding the existence of such lien. Notwithstanding anything to the contrary set forth in this Lease,
in the event that such lien is not released and removed on or before the date occurring thirty (30) days after notice of such lien is delivered by Landlord to Tenant, Landlord, at its sole option, may upon an additional five (5) days notice to
Tenant, immediately take all action necessary to release and remove such lien, without any duty to investigate the validity thereof, and all sums, costs and expenses, including reasonable attorneys’ fees and costs, incurred by Landlord in
connection with such lien shall be deemed Additional Rent under this Lease and shall be due and payable by Tenant within thirty (30) days of the Tenant’s receipt of an invoice therefor. 
  

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 19.19 Terms. The necessary grammatical changes required to make the provisions hereof apply either
to corporations or partnerships or individuals, men or women, as the case may require, shall in all cases be assumed as though in each case fully expressed. 
  
 19.20 Prohibition Against Recording. Except as provided in Section 19.32 of this Lease, neither this Lease, nor any memorandum, affidavit or other
writing with respect thereto, shall be recorded by Tenant or by anyone acting through, under or on behalf of Tenant, and the recording thereof in violation of this provision shall make this Lease null and void at Landlord’s election.

  
 19.21 Intentionally Omitted. 
  
 19.22 Quiet Enjoyment. Landlord covenants that Tenant, on paying the
Rent, charges for services and other payments herein reserved and on keeping, observing and performing all the other terms, covenants, conditions, provisions and agreements herein contained on the part of Tenant to be kept, observed and performed,
shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Premises subject to the terms, covenants, conditions, provisions and agreements hereof without interference by any persons lawfully claiming by or through Landlord. The
foregoing covenant is in lieu of any other covenant express or implied. 
  
 19.23 Improvement of the Premises. Except as specifically set forth in this Lease, Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Premises. Tenant also
acknowledges that Landlord has made no representation or warranty regarding the condition of the Premises or the Project except as specifically set forth in this Lease and Exhibit C. 
  
 19.24 Force Majeure. Any prevention, delay or stoppage due to strikes, lockouts, labor disputes, acts of God,
inability to obtain services, labor, or materials or reasonable substitutes therefor, governmental action(s) or inaction(s), civil commotions, fire or other casualty, and other causes beyond the reasonable control of the party obligated to perform,
except with respect to the obligations imposed with regard to Rent and other charges to be paid by Tenant pursuant to this Lease (collectively, a “Force Majeure”), notwithstanding anything to the contrary contained in this Lease,
shall excuse the performance of such party for a period equal to any such prevention, delay or stoppage and, therefore, if this Lease specifies a time period for performance of an obligation of either party, that time period shall be extended by the
period of any delay in such party’s performance caused by a Force Majeure. 
  
 19.25 Rentable Square Feet of Premises, Building, and Project. Landlord and Tenant hereby stipulate to the square footage figures reflected in Section 4.2 of the Summary and Section 1.5 of the Office Lease as
to the initial Premises and further stipulate as to the percentage figures specified in Sections 7.2 and 7.3 of the Summary with respect to the initial Premises. Landlord and Tenant hereby stipulate that the Building contains a usable area of
531,935 square feet and the Project contains a usable area of 1,056,804 square feet. The number of usable square feet of any First Offer Space leased by Tenant pursuant to Section 1.6 or any Expansion Space leased by Tenant pursuant to Section 1.7
above shall be the usable area of such space calculated pursuant to the Standard Method for Measuring Floor Area in Office Buildings, ANSI Z65.1 - 1980 and the number of rentable square feet of any such space shall be the product of (i) the usable
square footage multiplied by 1.1261 if the First Offer Space or Expansion Space constitutes a full floor, or (ii) the usable square footage of the First Offer Space or Expansion Space multiplied by 20.09% if such First Offer Space or Expansion Space
constitutes a portion of a floor in the Building. 
  

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 19.26 Transportation Management. Tenant shall fully comply with all present or future programs
which are obligations of the Building or Project as imposed by a governmental entity or authority, which programs are intended to manage parking, transportation or traffic in and around the Project or Building, and in connection therewith, Tenant
shall take responsible action for the transportation planning and management of all employees located at the Premises by working directly with Landlord, any governmental transportation management organization or any other transportation-related
committees or entities. Such programs may include, without limitation: (i) restrictions on the number of peak-hour vehicle trips generated by Tenant; (ii) increased vehicle occupancy; (iii) implementation of an in-house ridesharing program and an
employee transportation coordinator; (iv) working with employees and any Project, Building or area-wide ridesharing program manager; (v) instituting employer-sponsored incentives (financial or in-kind) to encourage employees to rideshare; and (vi)
utilizing flexible work shifts for employees. 
  
 19.27
Compliance With Law. Tenant shall not do anything or suffer anything to be done in or about the Premises which will in any way conflict with any law, statute, ordinance or other governmental rule, regulation or requirement now in force or
which may hereafter be enacted or promulgated (“Laws”). Landlord shall be responsible, as part of Operating Expenses to the extent permitted under Article 3, for making all alterations to the following portions of the Premises and
Project required by Laws: (i) structural portions of the Premises and the Base, Shell and Core and Landlord’s Work (as defined in the Second Amendment), but not including Tenant Improvements installed by or at the request of Tenant or any
Alterations installed by or at the request of Tenant, and (ii) those portions of the Building and Project located outside the Premises; provided, however, Landlord shall not be obligated to make alterations to any such portions of the Premises and
Project described in clause (i) or (ii) above to the extent such alterations are necessary due to the installation of Alterations to the Premises not normally found in first-class office buildings by or at the request of Tenant and Tenant shall, at
its sole cost and expense, be responsible therefor. Except for Landlord’s obligations described in the immediately preceding sentence, Tenant shall, at its sole cost and expense, be responsible for compliance with all Laws affecting the
Premises, including the making of all required alterations thereto. Should any standard or regulation now or hereafter be imposed on Landlord or Tenant by a state, federal or local governmental body charged with the establishment, regulation and
enforcement of occupational, health or safety standards for employers, employees, landlords or tenants, then Tenant agrees, at its sole cost and expense, to comply promptly with such standards or regulations. The judgment of any court of competent
jurisdiction or the admission of Tenant in any judicial action, regardless of whether Landlord is a party thereto, that Tenant has violated any of said governmental measures, shall be conclusive of that fact as between Landlord and Tenant.

  
 19.28 Late Charges. If any installment of Rent or any
other sum due from Tenant shall not be received by Landlord or Landlord’s designee within five (5) business days after written notice to Tenant by Landlord that said amount is due, then Tenant shall pay to Landlord a late charge equal to two
percent (2%) of the overdue amount. The late charge shall be deemed Additional Rent and the right to require it shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as liquidated
damages or as limiting Landlord’s remedies in any manner. Any Rent or other amounts owing hereunder from one party to the other which are not paid within five (5) business days after the date they are due shall bear interest from the date when
due until paid at a rate per annum (the “Interest Rate”) equal to the lesser of (i) the rate per annum announced from time to time by Citibank N.A. as its prime rate (or, if such bank fails to announce such a rate, then the prime
rate announced by the largest state chartered bank operating in the State of California) plus two (2) percentage points, and (ii) the highest rate permitted by applicable law. Payment of such interest by Tenant to Landlord shall be in addition to
any late charge described above. 
  
 19.29 Hazardous
Material. As used herein, the term “Hazardous Material” means any hazardous or toxic substance, material or waste which is or becomes regulated by, or is dealt with in, any local governmental authority, the State of California
or the United States Government. Accordingly, the term “Hazardous Material” includes, without limitation, any material or substance which is (i) defined as a “hazardous waste,” “extremely hazardous waste” or
“restricted hazardous waste” under Sections 25115, 25117 or 25122.7, or listed pursuant to Section 25140 of the California Health and Safety Code, Division 20, Chapter 6.5 (Hazardous Waste Control Law), (ii) defined as a “hazardous
substance” under Section 25316 of the California Health and Safety Code, Division 20, Chapter 6.95 (Hazardous Materials Release Response Plans and Inventory), (iii) defined as a “hazardous substance” under Section 25281 of the
California Health and Safety Code, Division 20, Chapter 6.7 (Underground Storage of Hazardous Substances), (iv) petroleum, (v) asbestos, (vi) listed under Article 9 or defined as hazardous or extremely hazardous pursuant to Article 11 of Title 22 of
the California Administrative Code, Division 4, 

  

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Chapter 20, (vii) designated as a “hazardous substance” pursuant to Section 311 of the Federal Water Pollution Control Act (33 U.S.C. 1317), (viii)
defined as a “hazardous waste” pursuant to Section 1004 of the Federal Resource Conservation and Recovery Act, 42 U.S.C. § 6902 et seq. (42 U.S.C. § 6903), or (ix) defined as a “hazardous substance” pursuant to Section
101 of the Compensation and Liability Act, 42 U.S.C. § 9601 et seq. (42 U.S.C. § 9601). Tenant shall not (either with or without negligence) cause or permit the escape, disposal or release of any Hazardous Materials. Tenant shall not allow
the storage or use of Hazardous Materials in any manner not sanctioned by law or by the highest standards prevailing in the industry for the storage or use of such substances or materials, nor allow to be brought into the Project any such materials
or substances, except that Tenant may maintain products in the Premises which are incidental to the operation of its offices, such as photocopy supplies, secretarial supplies and limited janitorial supplies which products contain chemicals which are
categorized as Hazardous Materials, provided that the use of such products in the Premises by Tenant shall be in compliance with applicable laws and shall be in the manner in which such products are designed to be used. Landlord, at its sole cost
and expense, shall deliver the Project, Building and the Premises free of Hazardous Material that are required to be removed by law as of the date of this Lease and in compliance with all Laws relating to environmental conditions. Landlord and
Tenant will not, at any time, use or authorize the use of any portion of the Premises, the Building, parking facilities, or the Project to be used in violation of any Laws in effect relating to environmental conditions on, under or about the
Building, including but not limited to asbestos, soil and ground water conditions and Hazardous Material. Neither Landlord nor Tenant shall at any time use, generate, store or dispose of on, under or about the Building or transport to or from the
same any Hazardous Material or permit or allow any third party to do so, without compliance with all Laws. Landlord and Tenant shall defend, indemnify and hold the other harmless from and against any and all losses, damages, costs (including
reasonable attorneys’ fees), liabilities and claims arising from their respective failure to perform in accordance with the foregoing. The covenants of this Section 19.29 shall survive the expiration or earlier termination of the Lease Term.

  
 19.30 Landlord’s Right to Cure Default; Payments by
Tenant. 
  
 19.30.1 Landlord’s
Cure. All covenants and agreements to be kept or performed by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent, except as otherwise set forth in this Lease. If Tenant
shall fail to perform any of its obligations under this Lease within a reasonable time after such performance is required by the terms of this Lease, Landlord may, but shall not be obligated to, after reasonable prior notice to Tenant (except in the
case of an emergency), make any such payment or perform any such act on Tenant’s part without waiving its rights based upon any default of Tenant and without releasing Tenant from any obligations hereunder. 
  
 19.30.2 Tenant’s Reimbursement. Except as may be
specifically provided to the contrary in this Lease, Tenant shall pay to Landlord, within fifteen (15) days after delivery by Landlord to Tenant of documented statements therefor: sums equal to expenditures reasonably made and obligations incurred
by Landlord in connection with the remedying by Landlord of Tenant’s defaults pursuant to the provisions of Section 19.30.1. Tenant’s obligations under this Section 19.30 shall survive the expiration or sooner termination of the Lease
Term. 
  
 19.31 No Air Rights. No rights to any view or to
light or air over any property, whether belonging to Landlord or any other person, are granted to Tenant by this Lease. If at any time any windows of the Premises are temporarily darkened or the light or view therefrom is obstructed by reason of any
repairs, improvements, maintenance or cleaning in or about the Project, the same shall be without liability to Landlord and without any reduction or diminution of Tenant’s obligations under this Lease. 
  
 19.32 Intentionally Omitted. 
  
 19.33 Transfer of Landlord’s Interest. Tenant acknowledges that
Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all 

  

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liability under this Lease accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord’s
obligations hereunder after the date of transfer, provided that any such transferee agrees in writing to be bound by this Lease and to assume all of Landlord’s obligations hereunder. Tenant further acknowledges that Landlord may assign its
interest in this Lease to the holder of any mortgage or deed of trust as additional security, but agrees that an assignment shall not release Landlord from its obligations hereunder and Tenant shall continue to look to Landlord for the performance
of its obligations hereunder. 
  
 19.34 Landlord’s
Title. Landlord’s title is and always shall be paramount to the title of Tenant. Nothing herein contained shall empower Tenant to do any act which can, shall or may encumber the title of Landlord. 
  
 19.35 Relationship of Parties. Nothing contained in this Lease shall
be deemed or construed by the parties hereto or by any third party to create the relationship of principal and agent, partnership, joint venturer or any association between Landlord and Tenant, it being expressly understood and agreed that neither
the method of computation of Rent nor any act of the parties hereto shall be deemed to create any relationship between Landlord and Tenant other than the relationship of landlord and tenant. 
  
 19.36 Application of Payments. Landlord shall have the right to apply
payments received from Tenant pursuant to this Lease, regardless of Tenant’s designation of such payments, to satisfy any obligations of Tenant hereunder, in such order and amounts as Landlord, in its sole discretion, may elect. 
  
 19.37 No Warranty. In executing and delivering this Lease, Tenant has
not relied on any representations, including, but not limited to, any representation as to the amount of any item comprising Additional Rent or the amount of the Additional Rent in the aggregate or that Landlord is furnishing the same services to
other tenants, at all, on the same level or on the same basis, or any warranty or any statement of Landlord which is not set forth herein or in one or more of the exhibits attached hereto. 
  
 19.38 Right to Lease. Landlord reserves the absolute right to effect
such other tenancies in the Project as Landlord in the exercise of its sole business judgment shall determine to best promote the interests of the Building or Project. Tenant does not rely on the fact, nor does Landlord represent, that any specific
tenant or type or number of tenants shall, during the Lease Term, occupy any space in the Building or Project. 
  
 19.39 Submission of Lease. Submission of this instrument for examination or signature by Tenant does not constitute a reservation of or an option
for lease, and it is not effective as a lease or otherwise until execution and delivery by both Landlord and Tenant. 
  
 19.40 Independent Covenants. This Lease shall be construed as though the covenants herein between Landlord and Tenant are independent and not
dependent and Tenant hereby expressly waives the benefit of any statute to the contrary and agrees that if Landlord fails to perform its obligations set forth herein, Tenant shall not be entitled to make any repairs or perform any acts hereunder at
Landlord’s expense or to any setoff of the Rent or other amounts owing hereunder against Landlord; provided, however, that the foregoing shall in no way impair the right of Tenant to commence a separate action against Landlord for any violation
by Landlord of the provisions hereof so long as notice is first given to Landlord and any holder of a mortgage or deed of trust covering the Building or Project or any portion thereof, whose address has theretofore been given to Tenant. 

 
 19.41 Waiver of Redemption by Tenant. Tenant hereby waives, for
Tenant and for all those claiming under Tenant, any and all rights now or hereafter existing to redeem by order or judgment of any court or by any legal process or writ, Tenant’s right of occupancy of the Premises after any termination of this
Lease. 
  
 19.42 Joint and Several. If there is more than
one entity which constitutes Tenant, the obligations imposed upon Tenant under this Lease shall be joint and several. 
  

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 19.43 Project or Building Name and Signage. Landlord shall have the right at any time to change
the name of the Project or Building and to install, affix and maintain any and all signs on the exterior and on the interior of the Project or Building as Landlord may, in Landlord’s sole discretion, desire, subject to Tenant’s rights set
forth in Section 19.17. Tenant shall not use the name of the Project or Building or use pictures or illustrations of the Project or Building in advertising or other publicity, without the prior written consent of Landlord. 
  
 19.44 No Discrimination. Tenant covenants by and for itself, its
heirs, executors, administrators and assigns, and all persons claiming under or through Tenant, and this Lease is made and accepted upon and subject to the following conditions: that there shall be no discrimination against or segregation of any
person or group of persons, on account of race, color, creed, sex, religion, marital status, ancestry or national origin in the leasing, subleasing, transferring, use, or enjoyment of the Premises, nor shall Tenant itself, or any person claiming
under or through Tenant, establish or permit such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy, of tenants, lessees, sublessees, subtenants or vendees in the Premises.

  
 19.45 Landlord Renovations. It is specifically
understood and agreed that, except as set forth herein or in Exhibit C Landlord has no obligation and has made no promises to alter, remodel, improve, renovate, repair or decorate the Premises, Building, Project or any part thereof and that no
representations respecting the condition of the Premises, Building or Project have been made by Landlord to Tenant except as specifically set forth herein or in Exhibit C. However, Tenant acknowledges that Landlord shall have the right, but not the
obligation, during the Lease Term to renovate, improve, alter, or modify (collectively, the “Renovations”) the Building, Premises, and/or Project, including without limitation the parking facilities, Common Areas, Systems and
Equipment, roof, and structural portions of the same, provided that Tenant’s access to and use of the Premises is not materially and adversely affected. In connection with such Renovations, Landlord may, among other things, erect scaffolding or
other necessary structures in the Building or on the Project, limit or eliminate access to portions of the Project, including portions of the Common Areas and/or parking facilities, or perform work in the Building, which work may create noise, dust
or leave debris in the Building, provided that Tenant’s access to and use of the Premises is not materially and adversely affected. Tenant hereby agrees that such Renovations and Landlord’s actions in connection with such Renovations shall
in no way constitute a constructive eviction of Tenant nor entitle Tenant to any abatement of Rent, except as specifically provided in this Lease. Landlord shall have no responsibility or for any reason be liable to Tenant for any direct or indirect
injury to or interference with Tenant’s business arising from the Renovations conducted in accordance with the foregoing, nor shall Tenant be entitled to any compensation or damages from Landlord for loss of the use of the whole or any part of
the Premises or of Tenant’s personal property or improvements resulting from such Renovations or Landlord’s actions in connection with such Renovations, or for any inconvenience or annoyance occasioned by such Renovations or
Landlord’s actions in connection with such Renovations. 
  
 19.46 Communication Equipment. If Tenant desires to use the roof of the Building to install communication equipment to be used from the Premises, Tenant may so notify Landlord in writing (“Communication Equipment
Notice”), which Communication Equipment Notice shall generally describe the specifications for the equipment desired by Tenant. If at the time of Landlord’s receipt of the Communication Equipment Notice, Landlord reasonably determines
that space is available on the roof of the Building for such equipment, then subject to all governmental laws, rules and regulations, Tenant and Tenant’s contractors (which shall first be reasonably approved by Landlord) shall have the right
and access to install, repair, replace, remove, operate and maintain one (1) so-called “satellite dish” or other similar device no greater than forty-eight (48) inches in diameter, together with all cable, wiring, conduits and related
equipment (collectively, “Communication Equipment”), for the purpose of receiving and sending radio, television, computer, telephone or other communication signals, at a location on the roof of the Building designated by Landlord.
Landlord shall have the right to require Tenant to relocate the Communication Equipment at any time to another location on the roof of the Building reasonably approved by Tenant. Tenant shall retain Landlord’s designated roofing 

  

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contractor to make any necessary penetrations and associated repairs to the roof in order to preserve Landlord’s roof warranty. Tenant’s
installation and operation of the Communication Equipment shall be governed by the following terms and conditions: 
  
 (a) Tenant’s right to install, replace, repair, remove, operate and maintain the Communication Equipment shall be subject to all
governmental laws, rules and regulations and Landlord makes no representation that such laws, rules and regulations permit such installation and operation. 
  
 (b) All plans and specifications for the Communication Equipment shall be subject to Landlord’s reasonable approval. 
  
 (c) All costs of installation, operation and maintenance of
the Communication Equipment and any necessary related equipment (including, without limitation, costs of obtaining any necessary permits and connections to the Building’s electrical system) shall be borne by Tenant. 
  
 (d) It is expressly understood that Landlord retains the
right to use the roof of the Building for any purpose whatsoever provided that Landlord shall not unduly interfere with Tenant’s use of the Communication Equipment. 
  
 (e) Tenant shall use the Communication Equipment so as not to cause any interference to other tenants in the
Building or to other tenants of the Project or with any other tenant’s Communication Equipment, and not to damage the Building or interfere with the normal operation of the Building. 
  
 (f) Landlord shall not have any obligations with respect to
the Communication Equipment. Landlord makes no representation that the Communication Equipment will be able to receive or transmit communication signals without interference or disturbance (whether or not by reason of the installation or use of
similar equipment by others on the roof of the Building) and Tenant agrees that Landlord shall not be liable to Tenant therefor. 
  
 (g) Tenant shall (i) be solely responsible for any damage caused as a result of the Communication Equipment, (ii) promptly pay any tax,
license or permit fees charged pursuant to any laws or regulations in connection with the installation, maintenance or use of the Communication Equipment and comply with all precautions and safeguards recommended by all governmental authorities, and
(iii) pay for all necessary repairs, replacements to or maintenance of the Communication Equipment. 
  
 (h) The Communication Equipment shall remain the sole property of Tenant. Tenant shall remove the Communication Equipment and related
equipment at Tenant’s sole cost and expense upon the expiration or sooner termination of this Lease or upon the imposition of any governmental law or regulation which may require removal, and shall repair the Building upon such removal to the
extent required by such work of removal. If Tenant fails to remove the Communication Equipment and repair the Building within fifteen (15) days after the expiration or earlier termination of this Lease, Landlord may do so at Tenant’s expense.
The provisions of this Section 19.46(h) shall survive the expiration or earlier termination of this Lease. 
  
 (i) The Communication Equipment shall be deemed to constitute a portion of the Premises for purposes of Article 6 of this Lease or the
Exhibit C. 
  
 19.47 Stairwell Access. Landlord hereby
grants Tenant the nonexclusive right of access to those portions of the stairwells in the Building which would provide access between contiguous full floors leased by Tenant pursuant to this Lease. Tenant’s right of access pursuant to this
Section 19.47 shall be conditioned upon Tenant’s observance of all applicable rules, regulations, laws or ordinances applicable to the Building or promulgated by any governmental or quasi-governmental entity, including obtaining any necessary
or required permits or approvals. In connection with Tenant’s use of the stairwells, Tenant shall install, at Tenant’s sole cost and 

  

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expense, any and all locking devices, intercoms and all other improvements deemed necessary by Tenant, subject to Landlord’s reasonable consent and any
applicable rules, regulations, laws or ordinances, provided that such improvements shall be constructed by Tenant in accordance with, and subject to, Article 6 of this Lease or Exhibit C. 
  
 19.48 Patio Area. Upon Tenant’s receipt of Landlord’s prior approval, which approval shall not be
unreasonably withheld, Tenant, at Tenant’s sole cost and expense, shall be provided with access to the outside patio area adjacent to Plaza One as shown on Exhibit “B” for special events of Tenant. Tenant shall be responsible for, and
shall obtain, all necessary governmental permits and approvals with respect to any such events and any such use shall comply with all governmental laws, rules and regulations with respect thereto. In addition, Tenant’s use shall comply with any
reasonable rules and regulations promulgated by Landlord. Tenant shall be obligated to clean such area after such event at Tenant’s sole cost and expense and to remove all trash therefrom. Should Tenant fail to so clean such area and/or to
remove trash therefrom within one (1) business day after notification from Landlord, Landlord shall be entitled to perform any such obligation on behalf of Tenant and all costs of Landlord in connection therewith shall be paid to Landlord, as
Additional Rent, within ten (10) business days after Tenant’s receipt of invoice therefor. The terms and conditions of Article 7 of this Lease shall apply to Tenant’s use of such area as though such area were a part of the Premises. Tenant
acknowledges that Tenant’s right to use such area shall be non-exclusive with the rights of Landlord and other tenants. 
  
 19.49 Waiver of Consequential Damages. Notwithstanding anything to the contrary contained in this Lease, except as provided in Section 19.7 above,
neither Landlord nor Tenant shall be liable under any circumstances, for injury or damage to, or interference with, the other party’s business, including, but not limited to, loss of title to the Premises or any portion thereof, loss of
profits, loss of business opportunity, loss of goodwill or loss of use, in each case however occurring. 
  
 19.50 Reasonableness. Except for determinations expressly described as being in the sole or absolute discretion of the applicable party, neither
Landlord nor Tenant shall unreasonably withhold or delay any consent, approval or other determination provided for hereunder. In the event that either Landlord or Tenant disagrees with any determination made by the other hereunder (other than a
determination in the sole or absolute discretion of the determining party) and reasonably requests the reasons for such determination, the determining party shall furnish its reasons in writing and in reasonable detail within ten (10) business days
following such request. Furthermore, in addition to the foregoing, whenever the Lease grants Landlord or Tenant the right to take action, exercise discretion, establish rules and regulations, make allocations or other determinations, or otherwise
exercise rights or fulfill obligations, Landlord and Tenant shall act reasonably and in good faith. 
  
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 IN WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be executed the day and date first
above written. 
  

					
	 “Landlord”:
  

	 DOUGLAS EMMETT REALTY FUND 2000,
 a California limited partnership

		
	 By:
	 	 DOUGLAS, EMMETT AND COMPANY,
 a California
corporation, its agent

			
	 	 	By:	 	/s/    MICHAEL J. MEANS        
	 	 	 	 	

	 	 	 	 	Michael J. Means, Vice President
	 	 	 Dated:
	 	 12/23/03

  

			
	 “Tenant”:
  

	 HEALTH NET, INC.,
 a Delaware corporation

		
	By:	 	/s/    DENNIS BELL        
	 	 	

	 Its:
	 	Vice President
		
	By:	 	/s/    LINDA SALZMAN        
	 	 	

	 Its:
	 	Senior Vice President
	 Dated:
	 	 12/23/03

  

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	 	  	Initial	  	Initial	  	Initial	  	InitialREMARKETING AGREEMENT

 Exhibit 4.14 
  
 RAYTHEON COMPANY 
  
 7.00% Trust Preferred Security of RC Trust I 
  

  
 REMARKETING AGREEMENT 

 
 Dated as of February 9, 2004 
  
 Citigroup Global Markets Inc. 
 J.P. Morgan Securities Inc. 
 UBS Securities LLC 
 Credit Lyonnais Securities (USA) Inc. 
 Lazard Frères & Co. LLC 
 The Royal Bank of Scotland plc 
  
 c/o Citigroup Global Markets Inc. 
 388 Greenwich Street, 34th Floor 
 New York, NY 10013 
  
 Ladies and Gentlemen: 
  
 The several remarketing agents named in Schedule I hereto (each, a “Remarketing Agent”, and collectively, the
“Remarketing Agents”), for whom Citigroup Global Markets Inc. (the “Representative”), is acting as representative, are undertaking to remarket the 7.00% Trust Preferred Securities, stated liquidation amount $50 per Trust
Preferred Security (the “Trust Preferred Securities”), issued by RC Trust I, a statutory trust created under Delaware law (the “Trust”), pursuant to the Purchase Contract Agreement dated as of May 9, 2001 (the
“Purchase Contract Agreement”) between Raytheon Company, a Delaware corporation (the “Company”), and The Bank of New York, as purchase contract agent (the “Purchase Contract Agent”) and
attorney-in-fact for holders of Units (as defined below). 
  
 The
Trust Preferred Securities have been issued pursuant to and are governed by, the Amended and Restated Declaration of Trust dated as of May 9, 2001 (the “Declaration”), among the Company, as the sponsor, The Bank of New York, as
property trustee (the “Property Trustee”), The Bank of New York (Delaware), as the Delaware Trustee (the “Delaware Trustee”), the regular trustees named therein (the “Regular Trustees”), and the
holders from time to time of undivided beneficial ownership interests in the assets of the Trust. Each Trust Preferred Security was issued as part of an equity security unit of the Company (the “Unit”) that initially also included a
contract (a “Purchase Contract”) under which the holder agreed to purchase from the Company, and 

 the Company agreed to sell to the holders, on May 15, 2004, a number of shares (the “Issuable Common
Stock”) of common stock, par value $0.01 per share, of the Company equal to the Settlement Rate (as defined in the Purchase Contract Agreement) as set forth in the Purchase Contract Agreement. 
  
 In accordance with the terms of the Purchase Contract Agreement, the Trust
Preferred Securities constituting a part of the Units have been pledged by the Purchase Contract Agent to J.P. Morgan Trust Company, N.A. (successor in interest to Bank One Trust Company, N.A.), as collateral agent (the “Collateral
Agent”), pursuant to the Pledge Agreement, dated as of May 9, 2001 (the “Pledge Agreement”), among the Company, the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the Securities Intermediary, to
secure the holders’ obligation to purchase Common Stock under the Purchase Contracts. Payments on the Trust Preferred Securities are guaranteed (the “Guarantee”) by the Company on an unsecured and subordinated basis, pursuant
to the Guarantee Agreement dated as of May 9, 2001 (the “Guarantee Agreement”) between the Company and The Bank of New York, as guarantee trustee (the “Guarantee Trustee”). 
  
 The Trust Preferred Securities and the common securities of the Trust (the
“Common Securities” and together with the Trust Preferred Securities, the “Trust Securities”) have been issued by the Trust in exchange for the 7.00% Notes due May 15, 2006 of the Company (the
“Notes”) issued by the Company pursuant to an Indenture dated as of July 3, 1995 (the “Base Indenture”), as supplemented by the First Supplemental Indenture, dated as of May 2, 2000, and as supplemented by a Second
Supplemental Indenture dated as of May 9, 2001 (“Supplemental Indenture No. 1,” and “Supplemental Indenture No. 2,” respectively, and, together with the Base Indenture and all other amendments and supplements
thereto in effect on the date hereof, the “Indenture”), in each case, between the Company and The Bank of New York, as indenture trustee (the “Indenture Trustee”). 
  
 Capitalized terms that are used and not defined in this Agreement shall have
the meanings set forth in the Purchase Contract Agreement. 
  
 Section 1. Appointment and Obligations of the Remarketing Agents. (a) Pursuant to Section 5.2(b)(i) of the Purchase Contract Agreement, the Purchase Contract Agent, in consultation with, and with the approval of, the Company, and as
attorney-in-fact for the holders of the Units, hereby appoints the several remarketing agents named in Schedule I hereto as Remarketing Agents and Citigroup Global Markets Inc. as Representative of the Remarketing Agents. The Representative, on
behalf of the Remarketing Agents, hereby accepts such appointment for the benefit of holders of the Trust Preferred Securities to be remarketed and for the purpose of (i) the remarketing (“Remarketing”) of the Remarketed Trust Preferred
Securities (as defined below) pursuant to the remarketing procedures, as set forth in the Purchase Contract Agreement, the Pledge Agreement and the Declaration, as the case may be (such procedures, the “Remarketing Procedures”), on behalf
of the holders thereof and (ii) performing such 
  

 2 

 other duties as are assigned to the Remarketing Agents in the Remarketing Procedures and the Declaration, all in
accordance with and pursuant to the Remarketing Procedures and the Declaration. 
  
 (b) The Remarketing Agents agree to use commercially reasonable best efforts to remarket the Remarketed Trust Preferred Securities in the Remarketing, and the Representative agrees (i) to notify the Company, the
Trust, the Depositary and the Indenture Trustee promptly of the Reset Rate (as defined in the Declaration) in accordance with the Declaration and (ii) to establish the Reset Rate and carry out such other duties as are assigned to the Representative
in the Remarketing Procedures, all in accordance with the provisions of the Remarketing Procedures and the Declaration. 
  
 (c) On the third Business Day immediately preceding February 15, 2004 (the “Remarketing Date”), the Remarketing Agents shall use
commercially reasonable best efforts to remarket, at a price equal to at least 100.25% of the Remarketing Value, Trust Preferred Securities subject to the Remarketing as notified to the Representative by the Purchase Contract Agent and the Custodial
Agent, on or prior to the first Business Day prior to the Remarketing Date (the “Remarketed Trust Preferred Securities”). 
  
 (d) If, as a result of the efforts described in Section 1(c), the Representative determines that the Remarketing Agents will be able to remarket all
Remarketed Trust Preferred Securities for purchase at a price of 100.25% of the Remarketing Value prior to 4:00 P.M., New York City time, on the Remarketing Date, the Representative shall (i) determine the Reset Rate that will enable the Remarketing
Agents to remarket all Remarketed Trust Preferred Securities, but in no event will the Reset Rate be lower than 7.00%, and (ii) purchase, for settlement no later than the third Business Day following the Remarketing Date, the Agent-purchased
Treasury Consideration (as defined in the Purchase Contract Agreement). 
  
 (e) If, notwithstanding the efforts described in Section 1(c), the Representative, in consultation with the Company, determines that the Remarketing Agents cannot remarket the Remarketed Trust Preferred Securities on the Remarketing Date,
the Representative will, in consultation with the Company, direct the Remarketing Agents to continue to attempt to remarket the Remarketed Trust Preferred Securities on one or more occasions until the Stock Purchase Date (as defined in the Purchase
Contract Agreement) in accordance with the Remarketing Procedures (each such remarketing, the “Subsequent Remarketing”), provided that (i) the notice of any Subsequent Remarketing cannot be given until the Failed Remarketing notice
has been published in accordance with the Remarketing Procedures in respect of any immediately preceding Failed Remarketing, (ii) a new notice to holders of Normal Units and holders of Separate Trust Preferred Securities shall have been delivered in
accordance with Section 5.2(b)(i) of the Purchase Contract Agreement at least five business days prior to any Subsequent Remarketing and (iii) the Remarketing Date in respect of any Subsequent Remarketing must fall no later than on the Business Day
(as defined in the Purchase Contract Agreement) immediately preceding the Stock Purchase Date (as defined in the Purchase Contract Agreement). 
  

 3 

 (f) If, by 4:00 P.M., New York City time, on the Remarketing Date (including a Remarketing Date of any
Subsequent Remarketing), the Representative, in consultation with the Company, determines that the Remarketing Agents are unable to remarket all the Remarketed Trust Preferred Securities, a failed Remarketing (“Failed Remarketing”)
shall be deemed to have occurred, and the Representative shall, on such date, so advise by telephone (and promptly confirm in writing) the Purchase Contract Agent, the Indenture Trustee, the Company, the Trust, the Collateral Agent and the Property
Trustee. 
  
 (g) On the third Business Day following any Failed
Remarketing, the Representative shall, to the extent it has received any Remarketed Trust Preferred Securities from the Collateral Agent or the Custodial Agent, remit (i) to the Collateral Agent the Remarketed Trust Preferred Securities comprised of
the Pledged Trust Preferred Securities, and (ii) to the Custodial Agent the balance of the Remarketed Trust Preferred Securities. 
  
 (h) By approximately 4:30 P.M., New York City time, on the Remarketing Date (or any Subsequent Remarketing Date), provided that there has not been a
Failed Remarketing, the Representative shall advise, by telephone (i) the Company, the Trust, the Purchase Contract Agent, the Depositary and the Indenture Trustee of the Reset Rate determined in the Remarketing and the number of Remarketed Trust
Preferred Securities remarketed in the Remarketing, (ii) each purchaser (or the Depositary Participant thereof) purchasing Remarketed Trust Preferred Securities sold in the Remarketing of the Reset Rate and the number of Remarketed Trust Preferred
Securities such purchaser is to purchase and (iii) each purchaser to give instructions to its Depositary Participant to pay the purchase price on or prior to the third Business Day after the Remarketing Date in same day funds against delivery of the
Remarketed Trust Preferred Securities purchased through the facilities of the Depositary. 
  
 (i) In accordance with the Depositary’s normal procedures, on the Remarketing Date (or any Subsequent Remarketing Date), the transactions described above with respect to each Remarketed Trust Preferred Security
shall be executed through the Depositary, and the accounts of the respective Depositary participants shall be debited and credited, respectively, and such Trust Preferred Securities delivered by book-entry as necessary to effect purchases and
remarketings of such Trust Preferred Securities. 
  
 (j) On the
Remarketing Date (or any Subsequent Remarketing Date), the tender and settlement procedures set forth in this Section 1, including provisions for payment by purchasers of the Trust Preferred Securities in the Remarketing, shall, in consultation with
the Company, be subject to modification to the extent required by the Depositary or if the book-entry system is no longer available for the Trust Preferred Securities at the time of the Remarketing, to facilitate the tendering and remarketing of

  

 4 

 the Trust Preferred Securities in certificated form. In addition, the Representative, in consultation with the Company,
may modify the settlement procedures set forth herein in order to facilitate the settlement process. 
  
 (k) On the Remarketing Closing Date, in the event of a successful Remarketing, the Representative shall remit to the Collateral Agent for deposit to the
Collateral Account through the Purchase Contract Agent the Agent-purchased Treasury Consideration. 
  
 (l) On the Remarketing Closing Date, in the event of a successful Remarketing, the Representative shall retain as a remarketing fee for itself and the
other Remarketing Agents an amount not exceeding 25 basis points (0.25%) of the total proceeds from the sale of the Remarketed Trust Preferred Securities and each Remarketing Agent shall be entitled to the portion of the remarketing fees set forth
in Schedule I hereto. The Representative shall use the portion of the proceeds attributable to the Trust Preferred Securities that were components of Equity Security Units to purchase (in open market or at treasury auction, in its discretion) the
amount and types of U.S. Treasury securities set forth in clauses (A) and (B) of the definition of “Remarketing Value” in the Declaration and shall deliver such securities through the Purchase Contract Agent to the Collateral Agent for
deposit to the Collateral Account to secure the obligations under the related purchase contracts of the Holders of Equity Security Units whose Trust Preferred Securities were included in the Remarketing. The Representative shall remit the portion of
the proceeds (less the remarketing fees) pro rata to the original amount attributable to the Remarketed Trust Preferred Securities that were not components of Equity Security Units to the holders of such Trust Preferred Securities. No later than the
third Business Day following the Remarketing Date, the Representative shall remit the remaining balance of the proceeds, if any, to the Purchase Contract Agent for the benefit of the Holders of Equity Security Units participating in the Remarketing.

  
 (m) Terms of the Remarketing of the Trust Preferred Securities
are also set forth in the Purchase Contract Agreement, the Pledge Agreement and the Declaration. 
  
 Section 2. Delivery and Payment. In the event of a successful Remarketing, delivery and payment for the Remarketed Trust Preferred Securities, and
purchase and delivery of the Agent-purchased Consideration will occur no later than the third Business Day following the Remarketing Date (such date, the “Remarketing Closing Date”). 
  
 Section 3. Representations, Warranties and Agreements of the Company.
The Company hereby represents, warrants and agrees as to itself and as to the Trust that on and as of the Remarketing Date as follows: 
  
 (a) A registration statement (File Nos. 333-82529 and 333-58474), as amended by Post-Effective Amendment No. 3, Post-Effective Amendment No. 2 and
Post-Effective Amendment No. 1 to registration statement No. 333-82529 and Post-Effective Amendment No. 2 and Post-Effective Amendment No. 1 to registration 
  

 5 

 statement No. 333-58474, of the Company and the Trust (collectively, the “Registration Statement”),
including a prospectus (the “Base Prospectus”), relating to the Remarketing and the Remarketed Trust Preferred Securities, the Notes and the Guarantee (collectively, the “Securities”) has been filed under the
Securities Act of 1933, as amended, and the rules and regulations of the Commission thereunder (the “Securities Act”) with the Securities and Exchange Commission (the “Commission”) and has become effective. The
preliminary prospectus supplement, dated as of February 5, 2004, which forms a part of the Registration Statement as first filed pursuant to Rule 424(b) of the Securities Act is referred to herein as the “Preliminary Prospectus
Supplement,” and the final prospectus supplement, dated as of February 11, 2004, which forms a part of the Registration Statement as first filed pursuant to Rule 424(b) of the Securities Act is referred to herein as the “Final Prospectus
Supplement”. Unless the context otherwise requires, following a voluntary or involuntary dissolution, all references herein to the Trust Preferred Securities, shall be deemed to refer to the Notes. 
  
 (b) On the effective date of the Registration Statement, the Registration
Statement, including documents incorporated by reference therein at such time, if applicable, conformed in all material respects to the requirements of the Securities Act, the Trust Indenture Act of 1939, as amended, and the rules and regulations of
the Commission thereunder (“Trust Indenture Act”), and did not include any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not
misleading; and on the date hereof, the Registration Statement, any Preliminary Prospectus Supplement (including any Remarketing Materials) and the Final Prospectus Supplement (including any Remarketing Materials) will conform in all material
respects to the requirements of the Securities Act and the Trust Indenture Act, and none of such documents will include any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein not misleading, except that the foregoing does not apply to (i) statements in or omissions from any of such documents based upon written information furnished to the Company by the Representative, on behalf of the Remarketing
Agents, if any, specifically for use therein or (ii) that part of the Registration Statement that constitutes the Statement of Eligibility and Qualification (Form T-1) under the Trust Indenture Act. 
  
 Reference made herein to the Base Prospectus, any Preliminary Prospectus
Supplement, the Final Prospectus Supplement or any other information furnished by the Company to the Remarketing Agents for distribution to investors in connection with the Remarketing (the “Remarketing Materials”) shall be deemed
to refer to and include any documents incorporated by reference therein pursuant to Item 12 of Form S-3 under the Securities Act as of the date of such Preliminary Prospectus Supplement or the Final Prospectus Supplement, as the case may be, or, in
the case of Remarketing Materials, referred to as incorporated by reference therein, and any reference to any amendment or supplement to any Preliminary Prospectus Supplement, the Final Prospectus Supplement or the Remarketing Materials shall be
deemed to refer to and include any document filed under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), after the 
  

 6 

 date of such Preliminary Prospectus Supplement or the Final Prospectus Supplement incorporated by reference therein
pursuant to Item 12 of Form S-3 or, if so incorporated, the Remarketing Materials, as the case may be; and any reference to any amendment to the Registration Statement shall be deemed to include any annual report of the Company or the Trust filed
with the Commission pursuant to Section 13(a) or 15(d) of the Exchange Act after the date and time that the Registration Statement, or any post-effective amendment, declared effective by the Commission, that is incorporated by reference in the
Registration Statement. 
  
 (c) No stop order suspending the
effectiveness of the Registration Statement or any post-effective amendment thereto has been issued and no proceeding for that purpose has been initiated or, to the Company’s knowledge, threatened by the Commission; and no order preventing or
suspending the use of the Base Prospectus, the Preliminary Prospectus Supplement or the Final Prospectus Supplement has been issued by the Commission. 
  
 (d) The Trust has been duly created and is validly existing as a statutory trust in good standing under the Statutory Trust Act of the State of Delaware
(the “Delaware Trust Act”) with the trust power and authority to own property and conduct its business as described in the Base Prospectus and the Final Prospectus Supplement; the Trust is not a party to or bound by any agreement or
instrument and is not be a party to or bound by any agreement or instrument other than the Purchase Contract Agreement, the Declaration, the Pledge Agreement and this Agreement (the “Trust Agreements”) and the other agreements
entered into in connection with the transactions contemplated hereby; the Trust has no liabilities or obligations other than those arising out of the transactions contemplated by this Agreement and the Declaration as described in the Final
Prospectus Supplement; and the Trust is not a party to or subject to any action, suit or proceeding of any nature. 
  
 (e) Each of the Securities and the Trust Agreements, the Guarantee Agreement, the Indenture (the “Transaction Agreements”) and the
Remarketing Agreement has been duly authorized by the Company and the Trust, as the case may be, and conforms to the description thereof contained in the Base Prospectus and the Final Prospectus Supplement. 
  
 (f) There are no preemptive or other rights to subscribe for or to purchase,
nor is there any restriction on the voting or transfer of, any of the Securities pursuant to the Company’s Certificate of Incorporation or by-laws, the Declaration or any agreement or instrument, except as such preemptive or other rights and/or
restrictions are expected with respect to the transactions contemplated by the Purchase Contract Agreement, the Pledge Agreement and the Declaration. 
  
 (g) The Notes have been duly executed, authenticated, issued and delivered as contemplated by the Indenture against payment of the agreed consideration
therefor, have been duly and validly issued and outstanding, and constitute valid and binding obligations of the Company entitled to the benefits of the Indenture, and 
  

 7 

 enforceable against the Company in accordance with their terms, subject to the effects of bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good
faith and fair dealing. 
  
 (h) The Guarantee Agreement has been
duly executed, authenticated, issued and delivered and constitutes a valid and binding obligation of the Company and is enforceable against the Company in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and
fair dealing. 
  
 (i) The Trust Securities have been validly
issued, are fully paid and, in the case of the Trust Preferred Securities, non-assessable, and conform to the descriptions contained in the Base Prospectus and the Final Prospectus Supplement. 
  
 (j) Each of the Transaction Agreements has been duly authorized by the
Company and has been duly executed by the proper officers of the Company and delivered by the Company, and constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with its terms, subject to the effects
of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and
an implied covenant of good faith and fair dealing. 
  
 (k) The
Remarketing Agreement has been duly authorized by the Company and has been duly executed by the proper officers of the Company and delivered by the Company. 
  
 (l) The Remarketing, the execution, delivery and performance of the Transaction Agreements and the Remarketing Agreement, the issuance and sale or
exchange, as the case may be, of the Securities and the consummation by the Company and the Trust, as the case may be, of the transactions contemplated hereby and thereby (collectively, the “Transactions”) has not or will not, as
the case may be, (1) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company,
any of its subsidiaries or the Trust is a party or by which the Company, any of its subsidiaries or the Trust is bound or to which any of the properties or assets of the Company, any of its subsidiaries or the Trust is subject, which would cause a
material adverse change in the financial position, shareholders’ equity or results of operations of the Company, (2) result in any violation of the provisions of the charter or by-laws (or equivalent organizational documents) of the Company,
any of its subsidiaries or the Trust or (3) result in any violation of any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over the 
  

 8 

 Company, any of its subsidiaries, the Trust or any of their respective properties or assets, which would cause a material
adverse change in the financial position, shareholders’ equity or results of operations of the Company, and (4) require any material consent, approval, authorization or order of, or filing or registration with, any such court or governmental
agency or body for the consummation of the Transaction Agreements, the Remarketing Agreement or the issuance and sale or exchange of the Securities, as the case may be, except for (a) the registration under the Securities Act of the Securities, (b)
the qualification of the Indenture, the Guarantee Agreement and the Declaration under the Trust Indenture Act, and (c) such consents, approvals, authorizations, registrations or qualifications as may be required under the Exchange Act and applicable
state securities laws in connection with the Remarketing. 
  
 Section 4. Fees and Expenses. The Company covenants and agrees with the Remarketing Agents that the Company will pay or cause to be paid the following: (i) the reasonable costs incident to the preparation of the Registration
Statement and the Preliminary Prospectus Supplement, and the preparation and printing of the Final Prospectus Supplement and any Remarketing Materials and any amendments or supplements thereto; (ii) the reasonable costs of distributing the
Registration Statement, the Preliminary Prospectus Supplement, the Final Prospectus Supplement and any Remarketing Materials and any amendments or supplements thereto; (iii) any reasonable fees and expenses of qualifying the Remarketed Trust
Preferred Securities under the securities laws of the several jurisdictions as provided in Section 5(h) and of preparing, printing and distributing a Blue Sky memorandum (including related reasonable fees and expenses of counsel to the Remarketing
Agents); (iv) the reasonable fees and expenses of counsel to the Remarketing Agents that shall have been incurred by them in connection with the Remarketing; and (v) all other reasonable costs and expenses incident to the performance of the
obligations of the Company and the Trust hereunder. 
  
 Section 5.
Further Agreements of the Company. The Company agrees to use its reasonable best efforts: 
  
 (a) To prepare the Registration Statement (including the Base Prospectus), the Preliminary Prospectus Supplement or the Final Prospectus Supplement, in a
form reasonably approved by the Representative, in connection with the Remarketing, and to file any such Final Prospectus Supplement pursuant to the Securities Act within the period required by the Securities Act; prior to the termination of the
Remarketing, to make no further amendment or any supplement to the Registration Statement, the Preliminary Prospectus Supplement, Final Prospectus Supplement or the Remarketing Materials which shall be reasonably disapproved by the Representative
promptly after reasonable notice thereof; to advise the Representative, promptly after it receives notice thereof, of the time when any amendment to the Registration Statement has been filed or becomes effective or any supplement to the Preliminary
Prospectus Supplement or the Final Prospectus Supplement or any amended Final Prospectus Supplement has been filed and to furnish the Representative with copies thereof; to file promptly all reports and any definitive proxy or information statements
required to be 
  

 9 

 filed by the Company with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to
the date of the Final Prospectus Supplement and for so long as the delivery of a prospectus is required in connection with the offering or sale of Remarketed Trust Preferred Securities; to advise the Representative, on behalf of the Remarketing
Agents, promptly after it receives notice thereof, of the issuance by the Commission of any stop order or of any order preventing or suspending the use of the Final Prospectus Supplement or the Remarketing Materials, of the suspension of the
qualification of the Remarketed Trust Preferred Securities for offering or sale in any jurisdiction, of the initiation or threatening of any proceeding for any such purpose, or of any request by the Commission for the amending or supplementing of
the Registration Statement, the Preliminary Prospectus Supplement, the Final Prospectus Supplement or the Remarketing Materials or for additional information; and, in the event of the issuance of any stop order or of any order preventing or
suspending the use of any Preliminary Prospectus Supplement, any Final Prospectus Supplement or the Remarketing Materials or suspending any such qualification, to use promptly its best efforts to obtain the withdrawal of such order. 
  
 (b) To furnish promptly to the Representative and to counsel for the
Remarketing Agents a signed copy of the Registration Statement as originally filed with the Commission, and each amendment thereto filed with the Commission, including all consents and exhibits filed therewith. 
  
 (c) Prior to 10:00 a.m. New York City time, on the New York Business Day (as
defined in the Purchase Contract Agreement) next succeeding the date of this Agreement and from time to time, to deliver promptly to the Representative in New York City such number of the following documents as the Representative shall request: (i)
conformed copies of the Registration Statement as originally filed with the Commission and each amendment thereto (in each case excluding exhibits), (ii) the Preliminary Prospectus Supplement, the Final Prospectus Supplement and any amended or
supplemented Preliminary Prospectus Supplement or Final Prospectus Supplement and (iii) any Remarketing Materials; and, if the delivery of a prospectus is required at any time in connection with the Remarketing and if at such time any event shall
have occurred as a result of which the Preliminary Prospectus Supplement or Final Prospectus Supplement or the Remarketing Materials as then amended or supplemented would include any untrue statement of a material fact or omit to state any material
fact necessary in order to make the statements therein, in the light of the circumstances under which they were made when such Final Prospectus Supplement or the Remarketing Materials, as applicable, is delivered, not misleading, or if for any other
reason it shall be necessary during such same period to amend or supplement the Preliminary Prospectus Supplement or Final Prospectus Supplement and the Remarketing Materials or to file under the Exchange Act any document incorporated by reference
in the Final Prospectus Supplement in order to comply with the Securities Act or the Exchange Act, to notify the Representative, on behalf of the Remarketing Agents, and, upon its request, to file such document and to prepare and furnish without
charge to the Remarketing Agents and to any dealer in Securities as many copies as the Representative, on behalf of the 
  

 10 

 Remarketing Agents, may from time to time request of an amended or supplemented Final Prospectus Supplement which will
correct such statement or omission or effect such compliance. 
  
 (d) For so long as the delivery of a prospectus is required in connection with the offering or sale of Remarketed Trust Preferred Securities, prior to the resignation or removal of the Representative pursuant to Section 8 herein, to file
promptly with the Commission any amendment to the Registration Statement, the Preliminary Prospectus Supplement, or the Final Prospectus Supplement or any supplement to the Preliminary Prospectus Supplement or Final Prospectus Supplement that may,
in the judgment of the Company or the Representative, be required by the Securities Act or requested by the Commission. 
  
 (e) Prior to filing with the Commission (i) any amendment to the Registration Statement or supplement to the Preliminary Prospectus Supplement or Final
Prospectus Supplement or any document incorporated by reference in the Final Prospectus Supplement or (ii) any Preliminary Prospectus Supplement or Final Prospectus Supplement pursuant to Rule 424 of the Securities Act, to furnish a copy thereof to
the Representative, on behalf of the Remarketing Agents, and counsel for the Remarketing Agents; and not to file any such amendment or supplement which shall be reasonably disapproved by the Representative promptly by reasonable notice. 

 
 (f) To make generally available to securityholders of the Company and of
the Trust and to deliver to the Representative, on behalf of the Remarketing Agents, as soon as practicable, but in any event not later than eighteen months after the effective date of the post-effective amendment to the Registration Statement (as
defined in Rule 158(c) under the Securities Act) dated January 23, 2004, an earnings statement of the Company and its subsidiaries (which need not be audited) complying with Section 11(a) of the Securities Act (including, at the option of the
Company, Rule 158 under the Securities Act). 
  
 (g) Promptly from
time to time to take such action as the Representative, on behalf of the Remarketing Agents, may reasonably request to qualify the Remarketed Trust Preferred Securities and the obligations of the Company under the Notes and the Guarantee for
offering and sale under the securities laws of such jurisdictions as the Representative may reasonably request and to comply with such laws so as to permit the continuance of sales and dealings therein in such jurisdictions for as long as may be
necessary to complete the distribution of the Trust Preferred Securities; provided that in connection therewith, neither the Company nor the Trust shall be required to qualify as a foreign corporation or to file a general consent to service of
process in any jurisdiction. 
  
 Section 6. Conditions to the
Remarketing Agents’ Obligations. The obligations of the Remarketing Agents hereunder are subject to the accuracy of the representations and warranties of the Company contained herein, to the performance by the Company of its obligations
hereunder and to each of the following additional conditions. The following conditions shall be satisfied by either 9:00 a.m., New York 
  

 11 

 City Time, on the Remarketing Date or by 9:00 a.m., New York City Time, on the Remarketing Closing Date, as the case may
be. The Representative may in its sole discretion waive on behalf of the Remarketing Agents compliance with any conditions to their obligations hereunder. Any documents to be delivered to the Remarketing Agents pursuant to this Section 6 shall be
delivered to the offices of Cravath, Swaine & Moore LLP, 825 Eighth Avenue, New York, New York 10019. 
  
 (a) PricewaterhouseCoopers LLP, the independent auditors, or another independent accounting firm with nationally recognized reputation, that have audited
the consolidated financial statements of the Company, shall have furnished to the Remarketing Agents a letter or letters on the Remarketing Date and on the Remarketing Closing Date, dated the respective dates of delivery thereof and addressed to the
Remarketing Agents, in form and substance reasonably satisfactory to the Representative, containing statements and information of the type ordinarily included in accountants’ “comfort letters” with respect to certain financial
information contained in the Final Prospectus Supplement and in the Remarketing Materials. 
  
 (b) No stop order suspending the effectiveness of the Registration Statement or of any part thereof shall have been issued and no proceedings for that purpose shall have been instituted or, to the knowledge of the
Company or the trustees of the Trust, shall be contemplated by the Commission. 
  
 (c) Subsequent to the Remarketing Date, (i) there shall not have occurred any change, or any development involving a prospective change, in or affecting particularly the business or properties of the Company, the
Trust or its subsidiaries which, in the judgment of the Representative, materially impairs the investment quality of the Trust Securities, the Notes or the Guarantee; (ii) trading generally shall not have been suspended or materially limited on or
by, as the case may be, any of the New York Stock Exchange, the American Stock Exchange, the National Association of Securities Dealers, Inc., the Chicago Board of Options Exchange, the Chicago Mercantile Exchange or the Chicago Board of Trade;
(iii) trading of any securities of the Company or the Trust shall not have been suspended on any exchange or in any over-the-counter market; (iv) there shall not have occurred any downgrading, nor shall any notice have been given of any intended or
potential downgrading, in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization”, as such term is defined for purposes of Rule 436(g)(2) under the Securities Act; (v) no
banking moratorium shall have been declared by Federal or New York authorities; and (vi) there shall not have occurred any outbreak or escalation of major hostilities in which the United States is involved, any declaration of war by Congress or any
other substantial national or international calamity or emergency if, in the judgment of the Representative, the effect of any such outbreak, escalation, declaration, calamity or emergency makes it impractical to proceed with completion of the
Remarketing. 
  
 (d) The Remarketing Agents shall have received a
certificate, dated the Remarketing Closing Date, of any vice-president and a principal financial or accounting 
  

 12 

 officer of the Company in which such officers, to the best of their knowledge after reasonable investigation, shall state
that the representations and warranties of the Company in this Agreement are true and correct, that the Company has complied with all agreements and satisfied all conditions on its part to be performed or satisfied hereunder at or prior to the
Remarketing Closing Date, that no stop order suspending the effectiveness of the Registration Statement or of any part thereof has been issued and no proceedings for that purpose have been instituted or are contemplated by the Commission and that,
subsequent to the date of the most recent financial statements in the Final Prospectus Supplement, there has been no material adverse change in the business, financial position or results of operations of the Company and its subsidiaries except as
set forth or contemplated by the Final Prospectus Supplement or as described in such certificate. 
  
 (e) Jay B. Stephens, Senior Vice President and General Counsel of the Company, shall have furnished to the Remarketing Agents his written opinion, dated
the Remarketing Closing Date and addressed to the Remarketing Agents, in form and substance reasonably satisfactory to the Representative, to the effect that: 
  

(i) The Company is duly incorporated, validly existing and in good standing under the laws of the State of Delaware, with corporate
power and authority to own its properties and conduct its business as described in the Base Prospectus and the Final Prospectus Supplement; and the Company is duly qualified to do business as a foreign corporation in good standing in all other
jurisdictions in which it owns or leases substantial properties or in which the conduct of its business requires such qualification, except where the failure to be so qualified would not have a material adverse effect on the Company. 
  
 (ii) The Notes have been duly authorized, executed and
delivered by the Company and (assuming due authentication by the Indenture Trustee) constitute valid and binding obligations of the Company entitled to the benefits of the Indenture and are enforceable against the Company in accordance with their
terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a
proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
  
 (iii) The Trust Preferred Securities have been duly authorized, executed and delivered by the Company and (assuming due authentication by
the Property Trustee) constitute valid and binding obligations of the Company entitled to the benefits of the Declaration and enforceable against the Company in accordance with their terms, subject to the effects of bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good
faith and fair dealing. 
  

 13 

 (iv) The Guarantee Agreement has been duly authorized, executed and delivered by the
Company and (assuming due authentication by the Guarantee Trustee) constitutes valid and binding obligations of the Company and is enforceable against the Company in accordance with its terms, subject to the effects of bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good
faith and fair dealing. 
  
 (v) The execution,
delivery and performance of the Transaction Agreements and the Remarketing Agreement and the sale of the Securities and compliance with the terms and provisions thereof did not and will not, as the case may be, result in a breach or violation of any
of the terms and provisions of or constitute a default under (a) any order known to such counsel of any governmental agency having jurisdiction over the Company or any of its properties or any agreement or instrument known to such counsel to which
the Company is a party or by which the Company is bound or to which any of the properties of the Company is subject, which would cause a material adverse change in the financial position, shareholders’ equity or results of operations of the
Company or affect the validity of the Securities or the legal authority of the Company to comply with the terms of the Securities, the Transaction Agreements or the Remarketing Agreement or (b) the Certificate of Incorporation or by-laws of the
Company, and the Company has full power and authority to authorize and cause the Trust Preferred Securities to be Remarketed as contemplated by this Agreement. 
  

(vi) Each of the Transaction Agreements has been duly authorized, executed and delivered by the Company and constitutes a valid and
binding agreement of the Company enforceable against the Company in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws now or hereafter in effect
relating to creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
  
 (vii) The Remarketing Agreement has been duly authorized,
executed and delivered by the Company. 
  
 (viii)
No authorization, approval or consent of any governmental authority or agency is necessary in connection with the transactions contemplated by the Remarketing Agreement, except such as may be required under the Securities Act and state securities or
Blue Sky laws. 
  

 14 

 (ix) There are no preemptive or other rights to subscribe for or to purchase, nor any
restriction upon the voting or transfer of, any Securities issuable pursuant to the Company’s Certificate of Incorporation or by-laws or any agreement or other instrument known to such counsel, except as such preemptive or other rights and/or
restrictions are expected with respect to the transactions contemplated by the Purchase Contract Agreement, the Pledge Agreement and the Declaration of Trust. 
  

In addition, Mr. Stephens shall state that he or others working under his supervision have participated in conferences with officers and other
representatives of the Company, outside counsel for the Company, representatives of the independent public accountants for the Company, and the Remarketing Agents and their counsel, at which the contents of the Registration Statement and Final
Prospectus Supplement and related matters were discussed and, although, except as otherwise set forth in paragraph (i) above, he is not passing upon, and does not assume any responsibility for, the accuracy, completeness or fairness of the
statements contained in the Registration Statement and Final Prospectus Supplement, on the basis of the foregoing and on his ongoing representation of the Company, no facts have come to his attention that leads him to believe that (i) such
Registration Statement, at the time such Registration Statement became effective and as of the Remarketing Closing Date, or any amendment or supplement to the Registration Statement or the Final Prospectus Supplement contained an untrue statement of
a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading, or (ii) that the Final Prospectus Supplement, as of its date and Remarketing Closing Date, contained an
untrue statement of a material fact or omitted to state a material fact necessary to make the statements therein in light of the circumstances under which they were made, not misleading, except that he need express no opinion with respect to the
financial statements, schedules and other financial and statistical data included or incorporated by reference in the Registration Statement or Final Prospectus Supplement or with respect to the Form T-1. 
  
 (f) Davis Polk & Wardwell, special counsel to the Company, who may rely
as to the approval or consent of non-Federal governmental authorities upon the opinion of Jay B. Stephens, Esq. referred to above, shall have furnished to the Remarketing Agents their written opinion, dated the Remarketing Closing Date and addressed
to the Remarketing Agents, in form and substance reasonably satisfactory to Representative, to the effect that: 
  
 (i) Each of the Securities, the Transaction Agreements and the Remarketing Agreement conform or will conform in all material respects to
the descriptions thereof contained in the Base Prospectus and the Final Prospectus Supplement. 
  
 (ii) Based upon current law, the assumptions and facts stated or referred to in the Final Prospectus Supplement (including under the
caption “U.S. 
  

 15 

 Federal Income Tax Consequences”) and certain representations the Representative and Raytheon
Company have provided to such firm and subject to the qualifications and limitations set forth in the Final Prospectus Supplement (including under the caption “Material U.S. Federal Income Tax Consequences”), the statements set forth in
the Final Prospectus Supplement under the caption “Material U.S. Federal Income Tax Consequences,” insofar as they purport to constitute summaries of United States federal income tax laws and regulations or legal conclusions with respect
thereto (but not insofar as they relate to expectations, intentions or determinations), are accurate and fairly summarize in all material respects the United States Federal tax laws referred to therein. 
  
 (iii) The Second Supplemental Indenture, the Declaration and
the Guarantee Agreement have been duly qualified under the Trust Indenture Act. 
  
 (iv) The Registration Statement has become effective under the Securities Act, and, to the best of such counsel’s knowledge, no stop
order suspending the effectiveness of the Registration Statement or any part thereof has been issued and no proceedings for that purpose have been instituted or are pending or contemplated. 
  
 (v) Such counsel does not know of any legal or governmental
proceedings required to be described in the Final Prospectus Supplement which are not described as required, nor of any contracts or documents of a character required to be described in the Registration Statement or Final Prospectus Supplement or to
be filed as exhibits to the Registration Statement which are not described and filed as required. 
  
 (vi) No authorization, approval or consent of any governmental authority or agency is necessary in connection with the transactions
contemplated by the Remarketing Agreement, except such as may be required under the Securities Act and state securities Blue Sky Laws. 
  
 In addition, such counsel shall state that they have participated in conferences with officers and other representatives of the Company, representatives
of the independent public accountants for the Company, and the Remarketing Agents and their counsel, at which the contents of the Registration Statement and Final Prospectus Supplement and related matters were discussed and, although, except as
otherwise set forth in paragraphs (i) and (ii) above, such counsel is not passing upon, and does not assume any responsibility for, the accuracy, completeness or fairness of the statements contained in the Registration Statement and Final Prospectus
Supplement, on the basis of the foregoing, no facts have come to the attention of such counsel that lead them to believe that (i) the Registration Statement, relating to the Trust Securities, at the time the post-effective amendment became effective
on January 26, 2004 and the Final Prospectus Supplement, as of its date (but excluding documents incorporated by reference and the financial statements and schedules and other financial and statistical data and the Form T-1 included or incorporated
by reference therein, as to which such counsel need express no 
  

 16 

 opinion) do not comply as to form in all material respects with the Securities Act and the rules and regulation of the
Commission thereunder, (ii) the Registration Statement (but excluding documents incorporated by reference and the financial statements and schedules and other financial and statistical data and the Form T-1 included or incorporated by reference
therein, as to which such counsel need express no opinion), at the time it became effective, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements
therein not misleading, or (iii) that the Final Prospectus Supplement (but excluding documents incorporated by reference and the financial statements and schedules and other financial and statistical data and the Form T-1 included or incorporated by
reference therein, as to which such counsel need express no opinion), as of its date and the Remarketing Closing Date, contained an untrue statement of a material fact or omitted to state a material fact necessary to make the statements therein, in
light of the circumstances under which they were made, not misleading, except that such counsel need express no opinion with respect to documents incorporated and the financial statements, schedules and other financial and statistical data included
or incorporated by reference in the Registration Statement or Final Prospectus Supplement or with respect to the Form T-1. In stating the foregoing beliefs, such counsel is not passing upon the adequacy or accuracy of the derivation or compilation
of any statistical data. 
  
 (g) Richards, Layton & Finger,
P.A. shall have furnished to the Remarketing Agents its written opinion, as special Delaware counsel to the Company and the Trust, dated the Remarketing Closing Date and addressed to the Remarketing Agents, in form and substance satisfactory to the
Representative, to the effect that: 
  
 (i) The
Trust has been duly created and is validly existing in good standing as a statutory trust under the Delaware Trust Act. Under the Delaware Trust Act and the Declaration, the Trust has the trust power and authority to own property and to conduct its
business as described in the Base Prospectus and the Final Prospectus Supplement and to enter into and perform its obligations under the Trust Securities. 
  
 (ii) The Common Securities have been duly authorized by the Declaration and are fully paid undivided beneficial interests in the assets of
the Trust (such counsel may note that the holders of Common Securities will be subject to the withholding provisions of the Declaration, will be required to make payment or provide indemnity or security as set forth in the Declaration and will be
liable for the debts and obligations of the Trust to the extent provided in the Declaration); under the Delaware Trust Act and the Declaration, the issuance of the Common Securities is not subject to preemptive rights. 
  
 (iii) The Trust Preferred Securities have been duly
authorized by the Declaration and have been validly issued and (subject to the terms in this paragraph) are fully paid and are non-assessable undivided beneficial interests in the assets of the Trust, the holders of the Trust Preferred Securities
are entitled to 
  

 17 

 the benefits of the Declaration (subject to the limitations set forth in clause (v) below) and will be
entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the General Corporation Law of the State of Delaware (such counsel may note that the holders of Trust Preferred
Securities will be subject to the withholding provisions of the Declaration and will be required to make payment or provide indemnity or security as set forth in the Declaration); under the Delaware Trust Act and the Declaration, the issuance of the
Trust Preferred Securities is not subject to preemptive rights. 
  
 (iv) Assuming the Declaration has been duly authorized by the Company and has been duly executed and delivered by the Company and the Regular Trustees, and assuming due authorization, execution and delivery of the
Declaration by the Property Trustee and the Delaware Trustee, the Declaration constitutes a valid and binding obligation of the Company and the Regular Trustees, and is enforceable against the Company and the Regular Trustees, in accordance with its
terms, except to the extent that enforcement thereof may be limited by (i) bankruptcy, insolvency, moratorium, receivership, reorganization, liquidation, fraudulent conveyance or transfer and other similar laws relating to or affecting the rights
and remedies of creditors generally, (ii) principles of equity, including applicable law relating to fiduciary duties (regardless of whether considered and applied in a proceeding in equity or at law), and (iii) the effect of applicable public
policy on the enforceability of provisions relating to indemnification or contribution. 
  
 (v) The issuance by the Trust of the Trust Securities in exchange for the Notes and the consummation by the Trust of the transactions
contemplated by the Declaration do not violate any of the provisions of the Certificate of Trust or the Declaration or any applicable Delaware law or administrative regulation. 
  
 (vi) Assuming that the Trust derives no income from or connected with sources within the State of Delaware
and has no assets, activities (other than having a Delaware Trustee as required by the Delaware Trust Act and the filing of documents with the Secretary of State of Delaware) or employees in the State of Delaware, no filing with, or authorization,
approval consent, license, order, registration, qualification or decree of, or with any Delaware court or Delaware governmental authority or agency (other than as may be required under the securities or blue sky laws of the state of Delaware, as to
which such counsel need express no opinion) is necessary or required to be obtained by the Trust solely in connection with the offering or delivery of the Trust Preferred Securities. 
  
 (h) Emmet Marvin & Marvin shall have furnished to the Remarketing Agents its written opinion, as counsel to The Bank of
New York, as Property Trustee, Guarantee Trustee, Indenture Trustee and Purchase Contract Agent, dated the 
  

 18 

 Remarketing Closing Date and addressed to the Remarketing Agents, in form and substance satisfactory to the
Representative, to the effect that: 
  
 (i) Each
of the Property Trustee, Guarantee Trustee, Indenture Trustee and Purchase Contract Agent, is a banking corporation duly incorporated under the laws of the State of New York with all necessary power and authority to execute and deliver and perform
their respective obligations under the terms of the Declaration, the Guarantee Agreement, the Purchase Contract Agreement and the Pledge Agreement. 
  
 (ii) The execution, delivery and performance by the Property Trustee of the Declaration, the execution, delivery and performance by the
Guarantee Trustee of the Guarantee Agreement and the execution, delivery and performance by the Indenture Trustee of the Indenture have been duly authorized by all necessary corporate action on the part of the Property Trustee, the Guarantee Trustee
and the Indenture Trustee, respectively. The Declaration has been duly executed and delivered by the Property Trustee, the Guarantee Agreement has been duly executed and delivered by the Guarantee Trustee and the Indenture has been duly executed and
delivered by the Indenture Trustee, and each constitutes the valid and binding agreement of the Property Trustee, the Guarantee Trustee and the Indenture Trustee, respectively, enforceable against the Property Trustee, the Guarantee Trustee and the
Indenture Trustee, respectively, in accordance with their terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting
creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
  
 (iii) The execution, delivery and performance by the Purchase Contract Agent of the Purchase Contract
Agreement and the Pledge Agreement, and the authentication and delivery of the Trust Preferred Securities have been duly authorized by all necessary corporate action on the part of the Purchase Contract Agent. The Purchase Contract Agreement and the
Pledge Agreement have been duly executed and delivered by the Purchase Contract Agent, and constitute the valid and binding agreements of the Purchase Contract Agent, enforceable against the Purchase Contract Agent in accordance with their terms,
except as enforcement thereof may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles
(whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
  
 (iv) The execution, delivery and performance of the Declaration, the Guarantee Agreement and the Indenture by the Property Trustee, the
Guarantee Trustee and the Indenture Trustee, and the Purchase Contract 
  

 19 

 Agreement and Pledge Agreement by the Purchase Contract Agent respectively, do not conflict with or
constitute a breach of the charter or by-laws of the Property Trustee, the Guarantee Trustee, the Indenture Trustee and the Purchase Contract Agent, respectively. 
  
 (v) No consent, approval or authorization of, or registration with or notice to, any New York or federal
banking authority is required for the execution, delivery or performance by the Property Trustee, the Guarantee Trustee and the Indenture Trustee of the Declaration and the Guarantee Agreement, respectively, or for the execution, delivery and
performance by the Purchase Contract Agent of the Purchase Contract Agreement and the Pledge Agreement. 
  
 (i) Richards, Layton & Finger, P.A. shall have furnished to the Remarketing Agents its written opinion, with respect to The Bank of New York
(Delaware), as Delaware Trustee, dated the Remarketing Closing Date and addressed to the Remarketing Agents, in form and substance satisfactory to the Representative, to the effect that: 
  
 (i) The Delaware Trustee has been duly incorporated and is validly existing as a banking corporation in good
standing under the laws of the State of Delaware with all necessary corporate power and authority to execute and deliver, and to carry out and perform its obligations under, the terms of the Declaration. 
  
 (ii) The execution, delivery and performance by the Delaware
Trustee of the Declaration have been duly authorized by all necessary corporate action on the part of the Delaware Trustee. The Declaration constitutes the valid and binding agreement of the Delaware Trustee, and is enforceable against the Delaware
Trustee, in accordance with its terms, subject to bankruptcy, insolvency, moratorium, receivership, reorganization, liquidation, fraudulent conveyance or transfer and other similar laws relating to or affecting the rights and remedies of creditors
generally, principles of equity, including applicable law relating to fiduciary duties (regardless of whether considered and applied in a proceeding in equity or at law), and the effect of applicable public policy on the enforceability of provisions
relating to indemnification or contribution. 
  
 (iii) The execution, delivery and performance of the Declaration by the Delaware Trustee do not conflict with or constitute a breach of the charter or by-laws of the Delaware Trustee. 
  
 (iv) No consent, approval or authorization of, or
registration with or notice to, any Delaware or federal banking authority is required for the execution, delivery or performance by the Delaware Trustee of the Declaration. 
  

 20 

 (j) The Law Department of J.P. Morgan Trust Company, N.A. shall have furnished to the Remarketing Agents
its written opinion, as counsel to J.P. Morgan Trust Company, N.A., as Collateral Agent, Custodial Agent and Securities Intermediary, dated the Remarketing Closing Date and addressed to the Remarketing Agents, in form and substance satisfactory to
the Representative, to the effect that: 
  
 (i)
Each of the Collateral Agent, Custodial Agent and Securities Intermediary is duly incorporated as a New York banking corporation with all necessary power and authority to execute, deliver and perform its obligations under the Pledge Agreement.

  
 (ii) The execution, delivery and performance
by the Collateral Agent, Custodial Agent and Securities Intermediary of the Pledge Agreement, and the authentication and delivery of the Units have been duly authorized by all necessary corporate action on the part of the Collateral Agent, Custodial
Agent and Securities Intermediary. The Pledge Agreement has been duly executed and delivered by the Collateral Agent, Custodial Agent and Securities Intermediary, and constitutes the valid and binding agreements of the Collateral Agent, Custodial
Agent and Securities Intermediary, enforceable against the Collateral Agent, Custodial Agent and Securities Intermediary in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
  
 (iii) The execution, delivery and performance of the Pledge
Agreement by the Collateral Agent, Custodial Agent and Securities Intermediary does not conflict with or constitute a breach of the charter or by-laws of the Collateral Agent, Custodial Agent and Securities Intermediary. 
  
 (iv) No consent, approval or authorization of, or
registration with or notice to, any state or federal governmental authority or agency is required for the execution, delivery or performance by the Collateral Agent, Custodial Agent and Securities Intermediary of the Pledge Agreement. 
  
 (k) The Company will furnish the Representative, on behalf of the Remarketing
Agents, with such conformed copies of such opinions, certificates, letters and documents as the Representative may reasonably request. 
  
 (l) Cravath Swaine & Moore LLP, as counsel for the Remarketing Agents, shall have furnished to the Remarketing Agents such written opinion or opinions
dated the Remarketing Closing Date, with respect to the validity of the Securities, the Registration Statement, the Final Prospectus Supplement and other related matters as the Representative may reasonably request, and such counsel shall have
received such papers and information as they may reasonably request to enable them to pass upon such matters. 
  

 21 

 All opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be
deemed to be in compliance with the provisions hereof only if they are in form and substance reasonably satisfactory to the Representative. 
  
 Section 7. Indemnification and Contribution. (a) The Company will indemnify and hold harmless each of the Remarketing Agents and its directors and
officers against any losses, claims, damages or liabilities, joint or several, to which such Remarketing Agent may become subject, under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof)
arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement, the Final Prospectus Supplement and the Remarketing Materials, as the case may be, or any amendment or
supplement thereto, or any related preliminary prospectus or preliminary prospectus supplement, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make
the statements therein not misleading, and will reimburse each Remarketing Agent for any legal or other expenses reasonably incurred by such Remarketing Agent in connection with investigating or defending any such loss, claim, damage, liability or
action as such expenses are incurred; provided, however, that the Company will not be liable (i) in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue
statement in or omission or alleged omission from any of such documents in reliance upon and in conformity with written information furnished to the Company by any Remarketing Agent through the Representative specifically for use therein and (ii) to
any Remarketing Agent (or anyone controlling such Remarketing Agent), with respect to any preliminary prospectus or preliminary prospectus supplement, from whom the person asserting any such loss, claim, damage or liability purchased Securities, if
a copy of the Final Prospectus Supplement and the Remarketing Materials, as the case may be (as then amended or supplemented if the Company shall have furnished any amendment or supplements thereto sufficiently in advance to permit delivery), was
not delivered by or on behalf of such Remarketing Agent to such person, if required by law to have been so delivered, at or prior to the written confirmation of the sale of the Securities to such person, and if the Final Prospectus Supplement and
the Remarketing Materials, as the case may be (as so amended and supplemented) would have cured the defect giving rise to such loss, claim, damage or liability. 
  

(b) Each Remarketing Agent will, severally and not jointly, indemnify and hold harmless the Company and its directors and officers against any losses,
claims, damages or liabilities to which the Company may become subject, under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged
untrue statement of any material fact contained in the Registration Statement, the Final Prospectus 
  

 22 

 Supplement and the Remarketing Materials, as the case may be, or any amendment or supplement thereto, or any related
preliminary prospectus or preliminary prospectus supplement, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not
misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to the Company by
such Remarketing Agent through the Representative specifically for use therein, and will reimburse any legal or other expenses reasonably incurred by the Company in connection with investigating or defending any such loss, claim, damage, liability
or action as such expenses are incurred. 
  
 (c) Promptly after
receipt by an indemnified party under this section of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under subsection (a) or (b) above, notify the
indemnifying party of the commencement thereof; but the omission so to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than under subsection (a) or (b) above. In case any such
action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish, jointly with any other
indemnifying party similarly notified, to assume the defense thereof, with counsel satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and after notice from
the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party under this Section for any legal or other expenses subsequently incurred by such
indemnified party in connection with the defense thereof other than reasonable costs of investigation. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened action
in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all liability
on any claims that are the subject matter of such action. 
  
 (d)
If the indemnification provided for in this Section is unavailable or insufficient to hold harmless an indemnified party under subsection (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such
indemnified party as a result of the losses, claims, damages or liabilities referred to in subsection (a) or (b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the Company on the one hand and the
Remarketing Agents on the other from the offering of the Securities or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to
in clause (i) above but also the relative fault of the Company on the one hand and the Remarketing Agents on the other in connection with the statements or omissions which resulted in such losses, claims, damages or 
  

 23 

 liabilities as well as any other relevant equitable considerations. The relative benefits received by the Company on the
one hand and the Remarketing Agent on the other shall be deemed to be in the same proportion as the aggregate stated liquidation amount of the remarketed Securities bear to the remarketing fees received by the Remarketing Agent under this Agreement.
The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company
or the Remarketing Agents and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such untrue statement or omission. The amount paid by an indemnified party as a result of the losses, claims,
damages or liabilities referred to in the first sentence of this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any action or claim
which is the subject of this subsection (d). Notwithstanding the provisions of this subsection (d), none of the Remarketing Agents shall be required to contribute any amount in excess of the amount by which the aggregate stated liquidation amount of
the Remarketed Securities exceeds the amount of any damages which such Remarketing Agents has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Remarketing Agents’ obligations in this subsection (d) to
contribute are several in proportion to their respective underwriting obligations and not joint. 
  
 (e) The obligations of the Company under this Section shall be in addition to any liability which the Company may otherwise have and shall extend, upon
the same terms and conditions, to each person, if any, who controls any Remarketing Agent within the meaning of the Act; and the obligations of the Remarketing Agents under this Section shall be in addition to any liability which the respective
Remarketing Agents may otherwise have and shall extend, upon the same terms and conditions, to each director of the Company, to each officer of the Company who has signed the Registration Statement and to each person, if any, who controls the
Company within the meaning of the Act. 
  
 Section 8.
Resignation and Removal of a Remarketing Agent. Any Remarketing Agent may resign and be discharged from its duties and obligations hereunder by giving 60 days’ prior written notice to the Company, the Depositary and the Indenture
Trustee. The Company or the Purchase Contract Agent on behalf of holders of the Trust Preferred Securities may remove any Remarketing Agent by giving 60 days’ prior written notice to the removed Remarketing Agent, the Depositary and the
Indenture Trustee upon any of (i) such Remarketing Agent becoming involved as a debtor in a bankruptcy, insolvency or similar proceeding; (ii) such Remarketing Agent becoming subject to one or more legal restrictions preventing the performance of
its obligations hereunder; or (iii) such Remarketing Agent determining that (A) there has been an occurrence of a material adverse change of the kind described under Section 6(b) or (B) 
  

 24 

 using its commercially reasonable best efforts, the Representative would be unable to consummate the Remarketing (or any
Subsequent Remarketing) on the terms and in the manner contemplated in the Final Prospectus Supplement and the Remarketing Materials. 
  
 Notwithstanding any other provision in this Section 8, no such resignation nor any such removal shall become effective until the Company or the Purchase
Contract Agent on behalf of holders of the Trust Preferred Securities shall have appointed at least one nationally recognized broker-dealer as successor Remarketing Agent and such successor Remarketing Agent shall have entered into a remarketing
agreement with the Company and Purchase Contract Agent, in which it shall have agreed to conduct the Remarketing in accordance with the Remarketing Procedures. The provisions of Sections 4, 7, and 8 shall survive the resignation or removal of any
Remarketing Agent pursuant to this Agreement. 
  
 Section 9.
Dealing in the Remarketed Trust Preferred Securities. Any Remarketing Agent, when acting as a Remarketing Agent or in its individual or any other capacity, may, to the extent permitted by law, buy, sell, hold and deal in any of the Remarketed
Trust Preferred Securities. Such Remarketing Agent may exercise any vote or join in any action which any beneficial owner of Remarketed Trust Preferred Securities may be entitled to exercise or take pursuant to the Purchase Contract Agreement, the
Declaration or the Indenture with like effect as if it did not act in any capacity hereunder. Such Remarketing Agent, in its individual capacity, either as principal or agent, may also engage in or have an interest in any financial or other
transaction with the Company or the Trust as freely as if it did not act in any capacity hereunder. 
  
 Section 10. Remarketing Agents’ Performance; Duty of Care; Supervising Obligations. The duties and obligations of the Remarketing Agents shall
be determined solely by the express provisions of this Agreement, the Purchase Contract Agreement and the Declaration. No implied covenants or obligations of or against the Remarketing Agents shall be read into this Agreement, the Purchase Contract
Agreement or the Declaration. In the absence of bad faith on the part of a Remarketing Agent, such Remarketing Agent may conclusively rely upon any document furnished to it, which purports to conform to the requirements of this Agreement, the
Purchase Contract Agreement or the Declaration as to the truth of the statements expressed in any of such documents. A Remarketing Agent shall be protected in acting upon any document or communication reasonably believed by it to have been signed,
presented or made by the proper party or parties. The Remarketing Agents, acting under this Agreement, shall incur no liability to the Company or to any holder of Remarketed Trust Preferred Securities in its individual capacity or as Remarketing
Agent for any action or failure to act, on its part in connection with a Remarketing or otherwise, except if such liability is judicially determined to have resulted from the bad faith or willful misconduct on its part. Each Remarketing Agent may,
but shall not be obligated to, purchase Remarketed Trust Preferred Securities for its own account. If at any time during the term of this Agreement, any Event of Default under the Indenture or the Declaration, or any event 
  

 25 

 that with the passage of time or the giving of notice or both would become an Event of Default under the Indenture or the
Declaration, has occurred and is continuing under the Indenture or the Declaration, then the obligations and duties of the Remarketing Agents under this Agreement shall be suspended until such default or event has been cured. The Company will cause
the Indenture Trustee, the Purchase Contract Agent and the Regular Trustees to give the Remarketing Agents notice of all such defaults and events of which such trustee, agent or administrator is aware. 
  
 Section 11. Termination. This Agreement shall terminate as to a
Remarketing Agent on the effective date of the resignation or removal of such Remarketing Agent pursuant to Section 8. In addition, the obligations of a Remarketing Agent hereunder may be terminated by it by notice given to the Company prior to
10:00 a.m., New York City time, on the Remarketing Date if, prior to that time, any of the conditions described in Section 6 are not satisfied. 
  
 Section 12. Notices. Except as otherwise stated herein, all statements, requests, notices and agreements hereunder shall be in writing, as follows:

  
 (a) if to the Remarketing Agents, shall be delivered or sent
by mail or facsimile transmission to Citigroup Global Markets Inc., 388 Greenwich Street, 34th Floor, New York New
York 10013, Attention: Legal Department (fax: 212-816-0949); 
  
 (b) if to the Company, shall be delivered or sent by mail or facsimile transmission to 870 Winter Street, Waltham, Massachusetts 02451, Attention: Secretary (fax: 781-522-3332); 
  
 (c) if to the Trust, shall be delivered or sent by mail or facsimile transmission to 220 Continental Drive, Suite 112,
Newark, DE 19713, Attention: Richard A. Goglia (fax: (781) 522-5831) and to the Company’s address as listed above in Section 12(b); 
  
 (d) if to the Property Trustee, shall be delivered or sent by mail; or facsimile transmission to The Bank of New York, 101 Barclay Street, Floor 8W, New
York, New York 10286, Attention: Corporate Trust Administration (fax: 212-815-5707); 
  
 (e) if to the Indenture Trustee, shall be delivered or sent by mail or facsimile transmission to The Bank of New York, 101 Barclay Street, Floor 8W, New York, New York 10286, Attention: Corporate Trust Administration
(fax: 212-815-5707); and 
  
 (f) if to the Collateral Agent or the
Custodial Agent shall be delivered or sent by mail or facsimile transmission to J.P. Morgan Trust Company, N.A., 1 Bank One Plaza, Suite IL1-0823, Chicago, Illinois 60670, Attention: Yolanda Ash (fax: 312-407-2088). 
  

 26 

 Any such statements, requests, notices or agreements shall take effect at the time of receipt thereof.

  
 Section 13. Benefit of Agreement. This Agreement shall
be binding upon, and inure solely to the benefit of, the Remarketing Agents, the Company to the extent provided in Section 7 hereof, the officers and directors of the Company and each person who controls the Company, or a Remarketing Agent, and
their respective heirs, executors, administrators, successors and assigns, and no other person shall acquire or have any right under or by virtue of this Agreement. No purchaser or any of the Trust Preferred Securities from a Remarketing Agent shall
be deemed a successor or assign by reason merely of such purchase. 
  
 Section 14. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF NEW YORK. 
  
 Section 15. Jurisdiction. The Company hereby submits to the nonexclusive jurisdiction of the Federal and state courts in the Borough of Manhattan
in The City of New York in any suit or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. 
  
 Section 16. Counterparts. This Agreement may be executed in one or more counterparts and, if executed in more than one counterpart, the executed
counterparts shall each be deemed to be an original but all such counterparts shall together constitute one and the same instrument. 
  
 Section 17. Headings. The headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the
meaning or interpretation of, this Agreement. 
  
 Section 18.
Use of the Term Remarketing Agent. To the extent the term “Remarketing Agent” is used in the Transaction Agreements, such term shall be deemed to refer to Citigroup Global Markets Inc., as Representative of the Remarketing Agents.

  
 Section 19. Limitation of Liability of the Purchase
Contract Agent. It is expressly understood and agreed by the parties hereto that (a) this Agreement is executed and delivered by The Bank of New York, not individually or personally, but solely in its capacity as Purchase Contract Agent on
behalf of the holders of Units and (b) nothing herein contained shall be construed as creating any liability on The Bank of New York, individually or personally, to perform any covenant contained herein. 
  
 Section 20. Power of Attorney. Each Remarketing Agent hereby
constitutes and appoints the Representative the true and lawful attorney-in-fact of such Remarketing Agent, with full power and authority on behalf of and in the name, place and stead of such Remarketing Agent to sign in its name and on its behalf
all documents related to the Remarketing, and to take all action with respect thereto, including any action in connection with the closing of the Remarketing. 
  

 27 

 Section 21. Entire Agreement. This Agreement, the Purchase Contract Agreement, the Pledge
Agreement and the Declaration constitute the only agreements relating to the matters stated herein and therein with respect to Remarketing. 
  

 28 

 If the foregoing correctly sets forth the agreement among the Company, the Purchase Contract Agent and
the Remarketing Agents, please indicate your acceptance in the space provided for that purpose below. 
  

			
	 Very truly yours,

	
	 Raytheon Company

		
	 By:
	 	 /s/ Richard A. Goglia

	 	 	 Vice President and Treasurer

	
	 The Bank of New York,

	 not in its individual capacity, but

	 solely as Purchase Contract Agent

		
	 By:
	 	 /s/ Kisha A. Holder

	 	 	 Assistant Vice President

			
	 The foregoing Agreement is hereby
 confirmed and accepted as of the
 date first above written.

	
	 Citigroup Global Markets Inc.

		
	 By:
	 	 /s/ Stephen Edelman

	 	 	 Director

	
	 J.P. Morgan Securities Inc.

		
	 By:
	 	 /s/ Maria Sramek

	 	 	 Vice President

	
	 UBS Securities LLC

		
	 By:
	 	 /s/ Bruce J. Widas

	 	 	 Managing Director Capital Markets

	
	 Credit Lyonnais Securities (USA) Inc.

		
	 By:
	 	 /s/ Ronald S. Krolick

	 	 	 Managing Director

	
	 Lazard Frères & Co. LLC

		
	 By:
	 	 /s/ David R. McMillan, Jr.

	 	 	 Managing Director

	
	 The Royal Bank of Scotland plc

		
	 By:
	 	 /s/ David Hopkins

  

 Schedule I 
  

				
	 Remarketing Agents

	  	 Amount of
 Remarketing Fees
(equal to
percentage of total
proceeds from the
Remarketing)

	 
	 Citigroup Global Markets Inc.
	  	.0875	%
	 JPMorgan Securities Inc.
	  	.0500	%
	 UBS Securities LLC
	  	.0500	%
	 Credit Lyonnais Securities (USA) Inc.
	  	.0208	%
	 Lazard Frères & Co. LLC
	  	.0208	%
	 The Royal Bank of Scotland plc
	  	.0208	%
	 	  	
	

	 	  	.2500	%

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