Exhibit 10.49
THIS DEED OF AMENDMENT is made the 7th day of February 2006 BETWEEN APPLIED
MATERIALS IRELAND LIMITED whose registered office is situated at 1 Gardner
House, Wilton Place, Dublin 2 (hereinafter called “the Company”) of the one part
AND MERCER TRUSTEES LIMITED whose registered office is situated at Oyster Point,
Temple Road, Blackrock, Co. Dublin (hereinafter called “the Trustees”) of the
other part.
WHEREAS :

(A)   This Deed is supplemental to:

  (i)   a resolution of the Board of Directors of the Company passed on the 31st
day of May 1996 and a Trust Deed dated the 3rd day of July 1996 (hereinafter
called “the Deed”) with rules scheduled thereto (hereinafter called “the Rules”)
whereby the the Company established ‘The Applied Materials Profit Sharing
Scheme’ (hereinafter called “the Scheme”) as an employees’ share scheme for
approval by the Revenue Commissioners in accordance with Chapter 1 of Part 17
and Schedule 11 of the Taxes Consolidation Act, 1997 and;     (ii)   Deed of
Amendment of even date whereby Clause 20 of the Deed was amended.

(B)   The Trustees are the present trustees of the Scheme.   (C)   It is
provided in Clause 20 of the Deed that the Company may with the consent of the
Trustees modify, alter, amend or extend all or any of the provisions of the Deed
and/or the Rules.   (D)   The Company with the consent of the Trustees is
desirous of amending the Deed and the Rules as hereinafter provided.

 

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NOW THIS DEED WITNESSETH as follows:-
The Company in pursuance of the aforesaid desire and in exercise of the power
for this purpose conferred upon it by the Deed and of every and any other power
enabling it in this behalf and with the consent of the Trustees HEREBY AMENDS
the Deed and the Rules as follows:

  1.   With effect from the 1st day of December 2004 the definition of Eligible
Employee in Rule 1 of the Rules shall be deleted and replaced with the
following:         “Eligible Employee” at any Cut-Off Date any person who

  (i) (A)   is or has been for at least 6 months ending on the preceding Cut-Off
Date an employee or full-time director of the Company; and

     (B)   is chargeable to tax under Schedule E in respect of that office or
employment;

      (ii)        is any other employee of a Participating Company including a
Director who has a contract of employment with such a Participating Company and
has been nominated by the Directors for participation in the Scheme;

      Provided that such person is not ineligible to become a participant by
virtue of the provisions of Part 4, Schedule 11 of the Act.

IN WITNESS WHEREOF this Deed was duly executed by the parties hereto the day and
year first above written.

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PRESENT when the Common Seal
of APPLIED MATERIALS IRELAND LIMITED
was affixed hereto:

     
/s/ Linda Richardson
 
  Director
 
   
/s/ Brent Gammon
 
  Director/Secretary

PRESENT when the Common Seal
of MERCER TRUSTEES LIMITED
was affixed hereto:

     
/s/ Patrick Burke
 
  Director
 
   
/s/ Tom Molloy
 
  Director

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Dated this 7th day of February 2006
APPLIED MATERIALS IRELAND LIMITED
one part
MERCER TRUSTEES LIMITED
other part
DEED OF AMENDMENT
THE APPLIED MATERIALS PROFIT SHARING SCHEME