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Exhibit 10.20    
    


 
 

SUPPLEMENTAL DEED
  
  IN RESPECT OF PRIVATE LOT A < 18228 > ("the Property")    
    



BETWEEN






JURONG TOWN CORPORATION a body corporate incorporated under the Jurong Town Corporation Act and having its Head Office at the JTC Summit, 8 Jurong Town
Hall Road, Singapore 609434






("JTC")  


AND



	

	
Company's Name:	
 	

Adaptec Mfg (S) Pte Ltd
	
Registered Address:	
 	

2 Chai Chee Drive

Singapore 469044
	






("the Company") which expression shall where the context so admits include its successors-in-title and permits assigns, if any) 


WHEREAS



	A.
	 JTC has offered to the Company an option to convert from the Company's current annual 4% fixed rent increase scheme to the annual 5.5% maximum rent revision scheme.


 
	B.
	 The Company has accepted the offer by JTC in the year < 2003 > ("the year of acceptance").





IT IS AGREED AS FOLLOWS:


	1.
	The
rental clause in the agreement for lease or licence, whichever is applicable, of the Property ("the Agreement") which reflects the
annual 4% fixed rent increase shall be amended accordingly with effect from the rent revision date as stipulated in the Agreement in the year immediately following the year of acceptance
("the Effective Date") to reflect the following:



	a.
	the
rent payable on the Effective Date shall be revised to the rate based on the market rent then prevailing;



	b.
	the
rent shall be revised on each and every anniversary of the Effective Date to the rate based on the market rent on such respective dates but so that the increase shall not exceed
5.5% of the yearly rent for each immediately preceding year; and



	c.
	the
market rent in this context shall mean the rent per square metre per annum of the Property excluding the buildings and other structures erected thereon and shall be determined by
JTC on or about the dates mentioned (and payable retrospectively with effect from the dates mentioned if determined after the dates mentioned) and the decision of JTC shall be final.






	2.
	The
clause on the option for a further term, if any, in the Agreement which reflects the annual 4% fixed rent increase shall also be amended accordingly with effect from the Effective
Date to reflect the following:



	a.
	the
rent shall be revised on each and every anniversary of the Effective Date during the further term to the rate based on the market rent on such respective dates but so that the
increase shall not exceed 5.5% of the yearly rent for each immediately preceding year; and 













	b.
	the
market rent in this context shall mean the rent per square metre per annum of the Property excluding the buildings and other structures erected thereon and shall be determined by
JTC on or about the dates mentioned (and payable retrospectively with effect from the dates mentioned if determined after the dates mentioned) and the decision of JTC shall be final. 




For
the avoidance of doubt, clause 2 shall only be applicable where there is an option for a further term in the Agreement. 



	3.
	A
person (which reference includes a body corporate) who is not a party to this Deed shall have no right under the Contracts (Rights of Third Parties) Act (as amended or revised from
time to time) to enforce any of the covenants, terms and conditions of this Deed.



	4.
	Save
for the above amendments, all the covenants, terms and conditions in the Agreement shall remain in full force and effect. 




DATED <    18            > DAY OF <            February >200<
4        >








IN WITNESS WHEREOF the parties hereto have hereunto set their respective hands or seals the day and year first above written.



	

THE COMMON SEAL of	
 	

)
	 	 	)
	JURONG TOWN CORPORATION	 	)
	 	 	)
	was hereunto affixed in	 	)
	 	 	)
	in the presence of:	 	)





	

 	
 	

/s/  CHONG LIT CHEONG      
 CHIEF EXECUTIVE OFFICER
	

 	
 	

/s/  TUNG GUAT POH      
 SECRETARY





	

THE COMMON SEAL of Adaptec Mfg (S) Pte Ltd	
 	

)
	 	 	)
	<Company's Name:                        >	 	)
	 	 	)
	was hereunto affixed in	 	)
	 	 	)
	in the presence of:	 	)





	

Signature:	
 	

/s/  LIM KOK YONG      
	
 	

 
	Name:	 	Lim Kok Yong	 	 
	Designation:	 	Corp Vice President &

Managing Director	 	 
	

Signature:	
 	

/s/  NG ANDREW      
	
 	

 
	Name:	 	Ng Andrew	 	 
	Designation:	 	Snr Director

Finance & Administration	 	 













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Exhibit 10.20


SUPPLEMENTAL DEED IN RESPECT OF PRIVATE LOT A < 18228 > ("the Property")