Document:

exv10w2

 

Exhibit 10.2

	 	 	 	 	 	 	 	 	 
	 

	 	L
	 	 	 	 	1	Ver 1
	 
	 	 	 	 	 	 	 	 
	 	 	 

	 	 	(For Official use only)

THE LAND TITLES ACT

LEASE

DESCRIPTION OF LAND

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CT	 	MK	 	TS	 	Lot No	 	Property Address
	Vol	 	Fol	 	 	 	 	 	 	 	 	 	 
	428

	 	 	133	 	 	 	19	 	 	—
	 	1935X
	 	Whole
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	1 Yishun Avenue 7

Singapore 768923

LESSOR

	 	 	 
	ID/Co regn.no:

	 	NA
	 	 	 
	Name:

	 	HOUSING AND DEVELOPMENT BOARD
	 
	 	 
	Address:

(Within Singapore for

service of Notice)

	 	HDB Centre, 3451 Jalan Bukit Merah,

Singapore 159459

(the registered proprietor) in consideration of the Lessee agreeing to pay to the Lessor the
yearly rent in the manner and at the rate as hereinafter set out HEREBY LEASES the registered
estate or interest in the land (hereinafter referred to as “the said land”) to:-

LESSEE

	 	 	 
	Co. Regn No:

	 	198602431Z
	 	 	 
	Name:

	 	COMPAQ ASIA PTE LTD
	 
	 	 
	Place of Incorporation:

	 	Singapore
	 	 	 
	Address:

	 	1 Temasek Avenue # 27-01
	(Within Singapore for

	 	Millenia Tower
	service of Notice)

	 	Singapore 039192

Stamp Duty Cert Attached

 

2

TERM OF LEASE:

as tenant
for the unexpired portion of a term of twenty-nine (29) years
commencing on the 1st day
of December 1989 YIELDING AND PAYING therefor during the said term the rent in the manner and at
the rate as hereinafter set out SUBJECT to the following prior encumbrances and the covenants and
conditions hereinafter set out:

SUBJECT TO:

PRIOR ENCUMBRANCES:

     NIL

AND the following:-

COVENANTS AND CONDITIONS

1. AND THE LESSEE for itself and its successors and assigns hereby covenants with the Lessor
as follows:-

	 	 	 	 	 
	(1)

	 	(a)
	 	To pay the yearly rent of Dollars Four Hundred and Fourteen Thousand Eight Hundred and
Sixty-eight ($414,868.00) calculated at the rate of Dollars Twenty ($20.00) per square metre
per annum from the 1st day of December 1989 which rate shall be subject to revision on the
1st day
of December 1990, and thereafter annually on the 1st day of
December of each succeeding year. The revision on the 1st day of December 1990 and
each subsequent annual revision shall be subject to a rate based on the market rent on the
date of such revision and determined in the manner following but so that the increase shall
not exceed 7.6% of the yearly rent of each immediately preceding year PROVIDED THAT from the
1st day of January 1999 to the 30st day of November 2001, the Lessee shall pay
yearly rent at the prevailing market rate as at 1st January 1999 And PROVIDED ALSO
THAT the yearly rent payable from the 1st day of December 2001 and for each
succeeding year thereafter shall be subject to revision and shall be a the rate based on the
market rent on the date of such revision determined in the manner following but so that the
increase shall not exceed 5.5% of the yearly rent of each immediately preceding year. The
market rent in this context shall mean the rent per square metre per annum of the said land
excluding the buildings and other structures erected thereon and shall be determined by the
Lessor on or about the dates mentioned herein (and payable retrospectively with effect from
the dates mentioned herein if determined after the dates mentioned herein) and the
determination of the Lessor as to the market rent shall be final and conclusive:

 

3

	 	 	 	 	 
	 

	 	(b)
	 	The yearly rent aforesaid shall be paid quarterly in advance without
deductions and without demand from the 1st day of December 1989 at
the office of the Lessor or such other office as the Lessor may designate;
	 
	 	 	 	 
	(2)	 	To pay interest at the rate of 8.5% per annum or such higher rate as may be determined
from time to time by the Lessor in respect of any arrears of rent or other outstanding sums
due and payable under the Lease from the due dates thereof until payment in full is received
by the Lessor;
	 
	 	 	 	 
	(3)	 	At the termination of the said term or at the earlier determination thereof to yield
up to the Lessor the said land together with all buildings, structures and fixtures therein in
good and tenantable repair;
	 
	 	 	 	 
	(4)	 	Not to demise, transfer, assign, mortgage, let, sublet, underlet, license or part with
the possession of the said land or any part thereof in whatsoever manner and not to effect
any form of reconstruction howsoever brought about including any form of amalgamation or
merger with or takeover by another company, firm or body or party, without first obtaining
the consent of the Lessor in writing, Section 17 of the Conveyancing Law of Property Act
(Chapter 61) shall not apply. Any consent, if granted by the Lessor shall be given on such
terms and conditions as the Lessor may in its entire and unfettered discretion deem fit to
impose and shall include:-
	 
	 	 	 	 
	 

	 	(a)
	 	full revision of the rental to the prevailing market rate from the date
of assignment;
	 
	 	 	 	 
	 

	 	(b)
	 	payment of such administration fee as determined by the Lessor;
	 
	 	 	 	 
	(5)	 	Not to use or to permit or suffer the said land or the building thereon or any part of
the said land and building thereof to be used otherwise than as a factory for the assembly
of computer parts and boards subject to the approval of the Competent Authority appointed
under Section 3 of the Planning Act;
	 
	 	 	 	 
	(6)	 	Not to use the said land or any part thereof for any illegal or immoral purposes;
	 
	 	 	 	 
	(7)	 	Not to erect permit or suffer to be carried out any construction of chimneys or ducts of
any kind whatsoever in or at any part of the building for the purpose of discharging smoke
gas fume or any other substance connected directly or indirectly with the manufacturing
processes;
	 
	 	 	 	 
	(8)	 	Not without the consent in writing of the Lessor to affix or exhibit to erect or paint or
permit or suffer to be affixed or exhibited or erected or painted on or upon any part of the
exterior of the demised premises or of the external walls or rails or fences thereof any
nameplate signboard placard poster or other advertisement or hoarding;
	 
	 	 	 	 
	(9)	 	To make reasonable provision against and be responsible for all loss injury or damage to
any person or property including that of the Lessor for which the Lessee may be held liable
arising out of or in connection with the occupation

 

4

	 	 	 	 	 
	 	 	and use of the said land and to indemnify the Lessor against all proceedings claims costs
and expenses which he may Incur or for which he may be held liable as a result of any act
neglect or default of the Lessee its servants contractors or agents;
	 
	 	 	 	 
	(10)	 	Not to effect a change of name without the prior consent in writing of the Lessor PROVIDED
THAT on every change of name the Lessee shall pay to the Lessor a fee to be specified by the
Lessor in relation to such consent;
	 
	 	 	 	 
	(11)	 	Not to install and/or use any electrical installations, machines or apparatus that may cause
or causes heavy power surge, high frequency voltage and current, air
borne noise, vibration or
any electrical or mechanical interference or disturbance whatsoever which may prevent or
prevents in any way the service or use of any communication system or affects the operation
of other equipment, installations, machinery, apparatus or plants of other Lessees and in
connection therewith, to allow the Lessor or any authorised persons to inspect at all
reasonable times, such installations, machines or apparatus in the said land to determine the
source of the interference or disturbance and thereupon, to take suitable measures, at the
Lessee’s own expense, to eliminate or reduce such interference or disturbance to the Lessor’s
satisfaction, if it is found by the Lessor or such authorised person that the Lessee’s
electrical installations, machines or apparatus is causing or contributing to the said
interference or disturbance;
	 
	 	 	 	 
	(12)	 	To indemnify the Lessor against any claims, proceedings, action, losses, penalties, damages,
expenses, costs, demands which may arise in connection with Clause 1(11) above;
	 
	 	 	 	 
	(13)	 	To make good and sufficient provision for the safe and efficient disposal of all waste
including but not limited to pollutants generated at the said land to the requirements and
satisfaction of the Lessor and other relevant Government authorities PROVIDED THAT in the
event of any default by the Lessee under this covenant the Lessor may carry out such remedial
measures as it thinks necessary and all costs and expenses incurred thereby shall be
recoverable forthwith from the Lessee as a debt;
	 
	 	 	 	 
	(14)	 	To pay and to indemnify the Lessor against Goods and Services Tax or any other taxes levies
charges whatsoever chargeable in respect of any yearly rent or any sums payable to the Lessor
or any moneys received or receivable by the Lessor or any moneys paid or costs or expenses
incurred by the Lessor or any other matters under or relating to these presents and the Lessee
shall pay to the Lessor on demand a sum equivalent to the amount of such Goods and Services
Tax or other taxes levies or charges.
	 
	 	 	 	 
	(15)	 	To pay all charges of the Public Utilities Board and all other relevant competent authorities
for the supply of water gas sanitation or electric light or power at any time hereafter during
the said term charged or imposed by the Public Utilities Board and all other relevant competent
authorities in respect of the said land and the buildings thereon.

 

5

	 	 	 	 	 
	2. To perform, observe and be bound by:
	 
	 	 	 	 
	(1)	 	the covenants,
conditions and powers implied by law in instruments of lease (or to such of
them as are not expressly negatived or modified by this Instrument or the Memorandum of Lease
hereinafter referred to); and
	 
	 	 	 	 
	(2)	 	the covenants and
conditions set forth in the Memorandum of Lease filed in the Singapore Land
Registry and numbered as ML/24 all of which terms and conditions shall form part of this
Instrument as if fully set out herein and shall apply hereto insofar as they are not expressly
negatived or modified by this Instrument.
	 
	 	 	 	 
	3. The Lessor further covenants with the Lessee that the Lessor shall at the written request of the
Lessee made not less than twelve (12) months before the expiry of the said term but not earlier
than the twenty-seventh (27th) year of the said term grant to the Lessee a Lease of the
said land for a further term of 30 years (hereinafter referred to as “the further term”) which
shall commence from the data immediately following the expiration of
the said term on the same terms
and conditions and containing like covenants as are herein contained with the exception of the
present covenant for renewal and such variations or modifications as shall be imposed by the Lessor
PROVIDED THAT:-
	 
	 	 	 	 
	(1)	 	There be no existing breach(es) or non-observance(s) of any of the covenants and conditions
herein contained on the part of the Lessee to be observed or performed;
	 
	 	 	 	 
	(2)	 	The rental payable for
the further term shall be as set out hereunder:-
	 
	 	 	 	 
	 

	 	(a)
	 	The rent for the first year of the further term commencing on the
1st day of December 2018 shall be calculated at the rate based on the
market rent of the said land at the commencement of the further term. Thereafter the
yearly rent shall be subject to revision every year commencing on the 1st
day of December 2019 to the rate based on the market rent of the said land on the date
of each respective revision but so that the increase shall not exceed 5.5% of the
yearly rent for year immediately preceding the date of revision.
	 
	 	 	 	 
	 

	 	(b)
	 	The market rent in this context shall mean the rent per square metre per
annum of the said land excluding the buildings and other structures erected thereon
and shall be determined by the Lessor on or about the dates mentioned herein (and
payable retrospectively with effect from the dates mentioned herein if determined
after the dates mentioned herein) and the determination of the Lessor as to the market
rent shall be final and conclusive.
	 
	 	 	 	 
	 

	 	(c)
	 	The yearly rent aforesaid shall be paid quarterly in advance without
deductions and without demand from the 1st day of December 2018 at the
office of the Lessor or such other office as the Lessor may designate.

 

6

	 	 	 	 	 
	 
	 	 	 	 
	 

	 	(d)
	 	Any demise, transfer, assignment or parting of possession of the said land or
any part thereof by the Lessee in whatsoever manner within 5 years of the
commencement of the further term will be approved by the Lessor only upon payment
by the Lessee of a fee (hereinafter called “the additional fee”) which shall be
equivalent to the value of the buildings and there shall also be a full revision of
the rental to the prevailing market rate from the date of assignment and payment of
such administrative fee as determined by the Lessor as provided under Clause 1(4)
herein contained. The value of the building shall be determined by the Lessor alone
and the Lessor’s assessment shall be final and conclusive and not be subject or
open to review by the Lessee. PROVIDED THAT the Lessee shall not be required to pay
the additional fee for any demise, transfer, assignment or parting with possession
of the said land or any part thereof by the Lessee in whatsoever manner after the
aforesaid 5 years period;
	 
	 	 	 	 
	 

	 	(e)
	 	All costs expenses charges legal or otherwise including stamp duty and the
Lessor’s legal costs of or connected with the preparation completion and registration
of the Lease for the further term of 30 years shall be borne by the Lessee.
	 
	 	 	 	 
	(3)	 	The interest chargeable shall be at the rate of 8.5% per annum or such higher rate as may be
determined from time to time by the Lessor in respect of any arrears of rent or other
outstanding sums due and payable under the Lease from the due dates thereof until payment in
full is received by the Lessor.

4. PROVIDED ALWAYS THAT if the said rent hereby reserved or any part thereof shall be in arrears
for the space of fourteen (14) days next after being payable (whether the same shall have been
formally demanded or not) or if any covenant on the part of the Lessee hereinbefore contained shall
not be performed or observed or if the Lessee or other person or persons in whom for the time being
the term hereby created shall be vested shall become bankrupt or make an assignment for the benefit
of its or their creditors or enter into an agreement or make any arrangement with its or their
creditors for liquidation of its or their debts by composition or otherwise then and in any such
case it shall be lawful for the Lessor to impose such penalties as it deems fit as well as to enter
upon and take possession of the said land or any part thereof in the name of the whole and
thereupon the term hereby created shall absolutely cease and determine without prejudice to any
right of action or remedy of the Lessor in respect of any antecedent breach of any of the
Lessee’s covenants hereinbefore contained. PROVIDED ALWAYS THAT if the said land and the buildings
thereon have been assigned by way of mortgage and there should be any breach of the Lessee’s
covenants as aforesaid, the Lessor or the officer authorised as aforesaid shall not enter upon and
take possession of the said land and buildings nor shall the term hereby created cease and
determine until the Lessor has served upon the Mortgagee a notice in writing that such breach has
occurred and the Mortgagee has failed to remedy such breach within one (1) calendar month from the
date of service of such notice.

5. Clauses 1(iii), 1(vi), 1(vii)(a), 1(xiv) and Clause 3 of the said Memorandum of Lease ML/24
shall be deleted therefrom and shall not apply to this instrument.

 

7

6. The Lessee shall pay all costs and fees legal or otherwise including the Lessors’ costs as
between solicitor and client in connection with the enforcement of the covenants and conditions of
the Lease.

7. The Lessee shall pay all costs disbursements fees and charges legal or otherwise including stamp
and/or registration fees in connection with the preparation of the Lease.

DATE OF
LEASE 26 September 2000

EXECUTION BY LESSOR

	 	 	 	 	 	 	 
	The Common Seal of HOUSING

	 	)	 	 	
	AND DEVELOPMENT BOARD

	 	 	)	 	 
	was hereunto affixed in the

	 	 	)	 	 
	presence of:-

	 	 	)	 	 
	 
	 
	 
	 
	 
	 

	 	 	 	 	 
	 

	 	30/10/00
	 	 
	 
	 	 	 	 
	 

	 	/s/ Mr Quek Sze Swee	 	 
	 

	 	 	 	 
	 

	 	MEMBER Mr Quek Sze Swee	 	 
	 
	 	 	 	 
	 

	 	/s/ Gomathei Muthusamy	 	 
	 

	 	 	 	 
	 

	 	OFFICER	 	 
	 

	 	GOMATHEI MUTHUSAMY	 	 

 

8

EXECUTION OF LESSEE

	 	 	 	 	 	 	 
	The Common Seal of

	 	 	)	 	 	
	COMPAQ ASIA PTE LTD

	 	 	)	 	 
	was hereunto affixed in the

	 	 	)	 	 
	presence of:

	 	 	)	 	 
	 
	 
	 
	 
	 
	 

	 	 	 	 	 
	 

	 	/s/ Lee Khene Hock	 	 
	 

	 	 	 	 
	 

	 	DIRECTOR
	 	 
	 
	 	 	 	 
	 

	 	/s/ Edmund Leow	 	 
	 

	 	 	 	 
	 

	 	SECRETARY	 	 

CERTIFICATE PURSUANT TO THE RESIDENTIAL PROPERTY ACT AND THE LAND TITLES RULES AND PRACTICE
CIRCULARS

I, LYN WEE
SOON LI, the Solicitor for the Lessee hereby certify
that the place of Incorporation and registration number allocated by the Registry of Companies to
the Lessee as above mentioned specified in the within instrument have been verified from the
Certificate of Incorporation of the Lessee produced and shown to me and are found to be correct.

     Dated this 26th day of September 2000.

	 	 	 	 	 
	 

	 	/s/ Lyn Wee Soon Li	 	 
	 

	 	 	 	 
	 

	 	NAME & SIGNATURE OF SOLICITOR FOR THE LESSEE
	 	 

 

9

I, LYN WEE SOON LI, the solicitor for the Lessee hereby certify that according to the
information supplied to me by the Chief Planner within the last 8 weeks, the within land is
zoned “Light Industry” and the within land is for industrial use and the specific use
approved is for light industrial factory with temporary permission for change of use of part
of the factory area on the 2nd storey of the part 2/part 3-storey light industrial
factory to ancillary office.

     Dated
this 26th day of September 2000.

	 	 	 	 	 
	 	 	 
	 	/s/ Lyn Wee Soon Li
 	 
	 	LYN WEE SOON LI 	 
	 	Solicitor for the Lessee 	 
	 

CERTIFICATE OF CORRECTNESS

I, the Solicitor for the Lessor hereby certify that this instrument is correct for the
purposes of the Land Titles Act.

	 	 	 	 	 
	 	 	 
	 	         /s/ Siti Zennifa Rahim	 
	 	SITI ZENNIFA RAHIM 	 
	 	Solicitor for the Lessor 	 
	 

I, the Solicitor for the Lessee hereby certify that this instrument is correct for the
purposes of the Land Titles Act.

	 	 	 	 	 
	 	 	 
	 	         /s/ Lyn Wee Soon Li
 	 
	 	LYN WEE SOON LI 	 
	 	Solicitor for the Lessee 	 

 

 

FOR
OFFICIAL USE ONLY

			
	 Note:	 	This portion shall be printed or typed on the reverse side of the last page of the
application.

 

 

	 	 	 	 	 
	THE LAND TITLES ACT

	 	       VL	       1	     Ver 1
	 
	 	 	 	 
	VARIATION OF LEASE

	 	

	(A)	 	DESCRIPTION OF LAND:

	 	 	 	 	 	 	 	 	 	 	 
	CT (Sub)	 	 	 	 	 	 	 	 
	Vol	 	Fol	 	MK	 	TS	 	Lot No	 	Property Address
	568
	 	33
	 	19
	 	—
	 	1935X
	 	Whole
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	1 Yishun Avenue 7
	 
	 	 	 	 	 	 	 	 	 	Singapore 768923

	(B)	 	REGISTERED LEASE NO:            I/33183P

	(C)	 	LESSOR

	 	 	 
	ID/Co. regn no:
	 	 
	 
	 	 
	Name:

	 	HOUSING AND DEVELOPMENT BOARD
	 
	 	 
	Address:
	 	 
	(Within Singapore for
	 	 
	service
of Notice)

	 	HDB Center, 3451 Jalan Bukit Merah, Singapore 159459

AND

	(D)	 	LESSEE

	 	 	 
	ID/Co. no:

	 	199903281G
	 
	 	 
	Name:

	 	AGILENT TECHNOLOGIES SINGAPORE PTE LTD
	 
	 	 
	Address:

	 	9 Temasek Boulevard #09-03
	(Within
Singapore for service of Notice)

	 	Suntec City Tower 2 

Singapore 038989
	 

	 	

 

 

2 

HEREBY
AGREE that the terms of the abovementioned Instrument of Lease shall be varied as
follows:-

	 	1.	 	To delete clause 1(5) of the Lease and substitute with the following:
	 
	 	 	 	“Not to use or to permit or suffer the said land or any building thereon or any part of the said
land and building thereof to be used otherwise than for, manufacturing of semiconductor products
and components as well as test and assembly of test and measurement instruments except with the
consent in writing of the Lessor and subject to the approval of the competent authority
appointed under Section 5 of the Planning Act (Cap. 232). The  Lessee shall confine all
activities within the boundary of the said land. For the avoidance of doubt, the Lessee shall not
place any articles and goods on the common area outside the boundary of the said land.”
	 
	 	2.	 	To pay all costs disbursement fees and charges legal or otherwise including
the Lessor’s cost in the preparation of this Variation of Lease and any future
documents, deeds, supplementary or collateral or in any way relating to this
Lease.
	 
	 	3.	 	Save as herein varied, the terms of the Lease shall be
binding and in full
force and effect in all respects.

 

	(E)	 	DATE OF VARIATION OF LEASE: 15 January 2002

 

	(F)	 	EXECUTION BY LESSOR

	 	 	 	 	 	 
	 

	 	The Common Seal of HOUSING

AND DEVELOPMENT BOARD
 was
hereunto
affixed in the
 presence of:
	 	)

)

)

)	

	 	 	 	 	 
	 	 	 
	 	                              /s/ David Wong
 	 
	 	MEMBER 	 
	 	Col(NS) David Wong 	 
	 

	 	 	 	 	 
	 	 	 
	 	                            /s/ Gomathei Muthusamy
 	 
	 	OFFICER 	 
	 	GOMATHEI MUTHUSAMY 	 

 

 

	 	 	 	 	 

3 

	(G)	 	EXECUTION BY LESSEE

	 	 	 	 	 	 
	 

	 	The Common Seal of AGILENT

TECHNOLOGIES SINGAPORE

PTE LTD was hereunto

affixed in the presence of:
	 	)

)

)

)	

	 	 	 	 	 
	 

	 	/s/ [ILLEGIBLE]	 	 
	 

	 	 

DIRECTOR
	 	 
	 
	 	 	 	 
	 

	 	/s/ [ILLEGIBLE]	 	 
	 

	 	 

SECRETARY
	 	 

	(H)	 	CERTIFICATE OF CORRECTNESS:
	 
	 	 	I, the Solicitor for the Lessor hereby certify that this
instrument is correct for the
purposes of the Land Titles Act and that I have a Practising Certificate issued on 1
April 2001.

	 	 	 	 	 
	 

	 		 	 
	 

	 	TEM MUI KIM	 	 
	 

	 	 

NAME & SIGNATURE OF SOLICITOR FOR THE LESSOR
	 	 

	 	 	I, the Solicitor for the Lessee hereby certify that this instrument is correct for the
purposes of the Land Titles Act and that I have a Practising Certificate issued on 1st
April 2001.

	 	 	 	 	 
	 

	 		 	 
	 

	 	Chai Elsa	 	 
	 

	 	 

NAME & SIGNATURE OF SOLICITOR FOR THE LESSEE
	 	 

 

 

FOR OFFICIAL USE ONLY

	 	 	 
	Note: This portion shall be printed or typed on the reverse side of the last page of
the Application

Our
File Ref: TMK/qil/HDB-VL.2

1 Yishun Avenue 7, Singapore

Lessee: Agllent Technologies Singapore Pte Ltdexv10w3

 

Exhibit 10.3

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	L
	 	 	 	1	 	 	 	Ver	 
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	THE LAND TITLES ACT	 	(For Official use only)	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	LEASE
	 	 	 	 	 	 	 	 	 	 	 	 

DESCRIPTION OF LAND

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CT

Vol.

	 	

Fol.
	 	MK
	 	TS
	 	Lot No.
	 	Property Address
Whole or part (If part lot, to
state approved new lot / strata
lot or to
annex plan and give details)
	428

	 	 	132	 	 	 	19	 	 	-	 	 	1937	 	 	Whole.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1 Yishun Avenue 7

Singapore 768923

LESSOR:

	 	 	 
	Name	 	HOUSING & DEVELOPMENT BOARD
	Address: 

(within Singapore 

for service of
Notice)

	 	3451 Jalan Bukit Merah, HDB Centre.

 Singapore 159459

(the registered proprietor) HEREBY LEASES the registered estate or interest in the land
above described (hereinafter referred to as “the said land”) to: -

LESSEE

	 	 	 
	Co regn. No:

	 	198602431 Z
	Name:

	 	COMPAQ ASIA PTE. LIMITED
	Place of Incorporation

	 	Singapore
	Address: 

(within
Singapore for service of
Notice)

	 	A company incorporated in the
Republic of Singapore
and having its registered
address at 1 Temasek Avenue
#27-01 Millenia Tower Singapore
039192.

*to hold as

	 	 	 
	Manner of Holding

	 	—

To
complete where there are co-owners. To delete if not applicable

Stamp
Duty Cert Attached

-1-

 

FOR TERM OF LEASE

as tenant
for the term of thirty (30) years commencing from the 1st day of
December 1988. YIELDING AND PAYING therefor the yearly rent of Dollars Six Hundred
and Forty-Six Thousand One Hundred and Forty-Two and Cents Forty Only ($646,142.40)
without deductions and in advance every quarterly without demand on 1st December
1988 and shall be at the rate of $18.00 per square metre per
annum from
the 1st day of
December 1988 (hereinafter referred to as “the Initial Rent”) which rate shall be subject to
revision on the
1st day of December 1989 to a rate based on the market rent on the date of
such revision determined in the manner following but so that the increase shall not exceed
seven point six per cent (7.6%) of the
Yearly Rent. The yearly rent so revised in 1989 shall
be subject to revision every year from 1st day of December 1989 and shall be at
the rate based on the market rent on the respective dates determined in the manner following
but so that the increase shall not exceed seven point six per cent (7.6%) of the year rent
for each
immediate preceding year. Provided that:

	(a)	 	the yearly rent payable from the 1st day of January 1999 to the
30th day of November 2001 shall be based on the market rent as at 1st
January 1999;
	 
	(b)	 	the yearly rent payable from the 1st day of December 2001 and for
each succeeding year thereafter shall be subject to revision and shall be at a
rate based on the market rent on the date of such revision determined in the manner
following but so that the increase shall not exceed five point
five per cent (5.5%) of the yearly rent for each immediately preceding year.

The market rent in this context shall mean the rent per square metre per annum of the said
land excluding the buildings and other structures erected thereon and shall be determined by
the Lessor on or about the dates mentioned and the decision of the Lessor shall be final.

SUBJECT TO:

PRIOR
ENCUMBRANCES (to state ‘nil’ if there are none);

Nil

AND the following:-

COVENANTS AND CONDITIONS

	(a)	 	the covenants, conditions and powers implied by law in instruments of lease (or to
such of them as are not hereinafter expressly negatived or modified);
	 
	(b)	 	the covenants and conditions set forth in the Memorandum of
Lease filed in the
Registry of Titles as ML/24 (which Memorandum is hereinafter called “ML/24”) subject to the
variations as provided below.

-2-

 

SPECIAL COVENANTS AND CONDITIONS

	 	1.	 	The provisions of ML/24 shall apply hereto, subject to the variations thereof as
provided in the following clauses, and in the application thereof to
this Lease, each and every reference in ML/24 to the words or expressions set out in the
first column below shall have the meanings set forth in the second column respectively.

	 	 	 	 	 
	Word/Expression	 	 	 	Meaning
	“the Lease”

	 	:
	 	this Lease
	“the Lessee”

	 	:
	 	the lessee as hereinbefore named.
	“the Lessor”

	 	:
	 	the Lessor as hereinbefore named.
	“the said land”

	 	:
	 	the land above described.
	“the said term”

	 	:
	 	the term of tenancy as above recited.

	 	2.	 	Clause 1 of ML/24 in its application to this Lease is hereby amended as follows:-

	 	(a)	 	by deleting sub-clauses (vi), (vii) and (xiv) thereof and renumbering the remaining
sub-clauses in their running
order to
sub-clauses (i) to (xi) (both inclusive):
	 
	 	(b)	 	by inserting the (following new sub-clauses thereto:-

	 	(xii)	 	not to use or to permit or suffer the said land or any building thereon or any part of
the said land and building thereon to be used otherwise than as a factory for the
assembly of computer parts and boards subject to the approval of the competent authority
appointed under
the Planning Act.
	 
	 	(xiii)	 	Not to use the said land or building thereon or any part thereof for any illegal or
immoral purpose and not to carry on or permit or suffer to be carried on in or upon the
said land or any part of the building thereon any noxious noisy dangerous or offensive trade
or business or manufacture whatsoever which may be or become a nuisance annoyance or
inconvenience to the owners tenants or occupiers of premises neighbouring adjoining or
adjacent or to the Lessor.
	 
	 	(xiv)	 	Not to erect permit or suffer to be carried out any construction of chimneys or ducts
of any kind whatsoever in or at any part of the buildings on the said land for the
purpose of discharging smoke gas fume or

-3-

 

	 	 	 	any other substance connected directly or
indirectly with the manufacturing processes.
	 
	 	(xv)	 	Not to demise, transfer, assign, mortgage, let, sublet, underlet, license or part with
the possession of the said land or any building thereon or any part thereof
in whatsoever manner and not to effect any form of reconstruction howsoever brought
about including any form of amalgamation or merger with or take-over by another
company, firm or body or party, without first obtaining the consent of the Lessor in writing.
Section 17 of the Conveyancing and Law of property Act (Chapter 61) shall not apply.
Any consent, if granted by the Lessor shall be given on such terms and conditions as
the lessor may in its entire and unfettered
discretion deem fit to impose and shall include:-

	 	(a)	 	full revision of the rental to the prevailing market rate from the date of
assignment;
	 
	 	(b)	 	payment of such administrative fees as determined by the Lessor.

	 	(xvi)	 	On or before the execution of this lease, the Lessee shall supply to the Lessor in
writing a list of names of its existing shareholders and particulars of classes
of shares held by each and every shareholder and the value thereof and such list shall
be duly certified to be correct by a director of the Lessee.
	 
	 	(xvii)	 	Not without the consent in writing of the Lessor to affix or exhibit or erect or paint
or permit or suffer to be affixed or exhibited or erected or painted on or upon any
part of the exterior of any buildings on the said land or of the external walls or rails or
fences thereof any nameplate signboard placard poster or other advertisement or
hoarding.
	 
	 	(xvii)	 	To make reasonable provision against and be responsible for all loss injury or damage
to any person or property including that of the Lessor for which the Lessee may be held
liable arising out of or in connection with the occupation and use of the said land and
any buildings thereon and to indemnify the Lessor against all proceedings claims costs and
expenses which It may incur or for which it may be held liable as a result of any act
neglect or default of the Lessee its servants contractors or agents.
	 
	 	(xix)	 	Not to effect a change of name without prior consent in writing of the Lessor PROVIDED
THAT on every change of name the Lessee shall pay to the Lessor a

-4-

 

	 	 	 	fee to be specified by the
Lessor in relation to such consent.
	 
	 	(xx)	 	Not to Install and/or use any electrical installations, machines or apparatus that may
cause heavy power surge, high frequency voltage and current, air borne noise, vibration
or any electrical or mechanical interference or disturbance whatsoever which
may prevent or prevents in any way the service or use of any communication system or
affects the operation of other equipment, installations, machinery, apparatus or plants of
other lessees and in connection therewith, to allow the Lessor or any authorised persons to
inspect at all reasonable times, such installations, machines or apparatus in the said
land and any buildings thereon to determine the source of the interference or disturbance and
thereupon, to take suitable measures, at the Lessee’s own expense, to eliminate or reduce
such Interference
or disturbance to the Lessor’s
satisfaction If it is found by the
Lessor or such authorised person that the Lessee’s electrical installations, machines
or apparatus is causing or contributing to the said interference or disturbance.
	 
	 	(xxi)	 	To indemnify the Lessor against any claims, proceedings, action, losses, penalties,
damages, expenses, costs, demands which may arise in connection with sub-clause (xx)
above.
	 
	 	(xxii)	 	To make good and sufficient provision for the safe and efficient disposal of all waste
including but not limited to pollutants generated at the said land and any
buildings thereon to the requirements and satisfaction of the Lessor and other relevant
government authorities PROVIDED THAT in the event of any default by the Lessee under
this covenant the Lessor may carry out such remedial measures as it thinks necessary and
all costs and expenses incurred thereby shall be recoverable forthwith from the Lessee as a
debt.
	 
	 	(xxiii)	 	To pay interest at the rate of eight point five per cent  (8.5%) per annum or
such higher rate as may be determined from time to time by the Lessor in respect of any
arrears of rent or other outstanding sums due and payable under this Lease from the above
due dates thereof until payment in full is received by the Lessor.
	 
	 	(xxiv)	 	At the termination of the said term or at the
earlier determination thereof to
yield up to the lessor the said land together with all buildings, structures and
fixtures therein in good and tenantable repair.

-5-

 

	 	 	 	3. Clause 2 of ML/24 in its application to this Lease is hereby amended by inserting
the words “and buildings thereon” after the words “land” in line 4 and substituting the word
“person” and “It: for the words “persons” and him” in lines 4 and 5 respectively.
	 
	 	 	 	4. Clause 3 of ML/24 in its application to this Lease is hereby amended by inserting
after the word “Lessor” in line 8 thereof the words “to impose such penalties as it deems
fit as well as for the Lessor” and by inserting the words “or buildings thereon” after
the words “land” in line 9.
	 
	 	 	 	5. In addition to Clauses 2 and 3 of ML/24 the Lessor further covenants with the Lessee
that he shall at the written request of the Lessee made not less than twelve (12) months
before the expiry of the said term but not
earlier than
the twenty-eight (28th) year of the
said term grant to the Lessee a lease of the said land for a further term of 30 years
(hereinafter referred to as “the further term”) which
shall commence from the date immediately following the  expiration of the said term on the same
terms and conditions and containing  like covenants as are herein contained with exception
of the present  covenant for renewal or such variations or modifications as shall be
imposed by
the Lessor PROVIDED that:-

	 	(i)	 	there be no existing breach(es) or non observance(s) of any of the covenants and
conditions herein contained on the part of the Lessee to be observed or performed.
	 
	 	(ii)	 	the rental payable for the further term shall be as set
out hereunder:-

	 	(a)	 	The yearly rent for the further term commencing on the 
1st day of December 2018
shall be at the rate based
on the market rent at the commencement of the further term
(hereinafter referred to as the Second Initial Rent”) which rate shall however be subject to
a
revision on
the 1st day of December 2019 to a rate based on the market rent
prevailing on the date of such revision determined in the manner following but so that
the increase shall not exceed five point five per cent (5.5%) of the Second Initial
Rent.
	 
	 	(b)	 	The yearly rent so revised shall be subject to revision on the 1st day of December
annually thereafter and shall be at a rate based on the market rent prevailing on the
date of such revision but so that the increase shall not exceed five point five per cent
(5.5%) of the yearly
rent for the immediately preceding year.
	 
	 	(c)	 	The market rent and the time of payment of the yearly rent shall be as aforesaid.
	 
	 	(d)	 	Any demise, transfer, assignment or parting of possession of the said
land or any buildings thereon or

- 6 -

 

	 	 	 	any part thereof by the Lessee in whatsoever manner within 5 years of the commencement of the
further term will be approved by the Lessor only upon payment by the Lessee of a fee
(hereinafter called “the additional fee”) which shall be equivalent to the value of
the buildings and there shall also be a full revision of the rental to the prevailing
market rate from the date of assignment and payment of such administrative fee
as determined by the Lessor as provided in Clause 1(xv) of ML/24. The value of the
buildings shall be determined by the Lessor alone and the Lessor’s assessment shall be
final and conclusive and not subject or open to review by the Lessee. PROVIDED THAT the
Lessee shall not be required to pay the additional fee for any demise, transfer, assignment
or parting with possession of the said land or any buidings
thereon or any part
thereof by the Lessee in whatsoever
 manner after the aforesaid 5 year period.
	 
	 	(e)	 	All costs expenses charges legal or otherwise including stamp duty and the Lessor’s legal
costs of or connected with the preparation completion and registration of the lease for
the further term of 30 years shall be borne by the Lessee.

	 	(iii)	 	The interest chargeable shall be at the rate of eight point five (8.5%) per annum or
such higher rate as may be determined from time to time by the Lessor in respect of any
arrears of rent or outstanding sums due and payable under the Lease from the due dates
thereof until payment in full is received by the Lessor.

6. All sums payable under this Lease are exclusive of
Goods and Services Tax. The Lessee,
shall pay and indemnify the Lessor against Goods and Services Tax chargeable in respect of
any payment with this Lease or in respect of any payment made by the Lessor where the Lessee
hereby agrees in this Lease to reimburse the Lessor for such payment

DATE
OF LEASE: 26 September 2000

-7-

 

EXECUTION BY LESSOR 

	 	 	 	 	 
	The Common Seal of the HOUSING

	 	)
	 	 
	 
	 	)	 	 
	& DEVELOPMENT BOARD was

	 	)	 	 
	 
	 	)	 	 
	hereunto affixed in the

	 	)	 	 
	 
	 	)	 	 
	presence
of:

	 	)	 	 

/s/ Edmund Koh

MEMBER Mr. Edmund Koh

/s/ Jacqueline Low Li LingOFFICER
JACQUELINE LOW LI LING

	 	 	 	 	 
	EXECUTION
BY LESSEE 

	 	 	 	 
	 
	The
Common Seal of 

COMPAQ ASIA PTE. LIMITED 

	 	)
)

)	 	 
	 	 	)
	 	 
	Was hereunto affixed in the 

presence of:-

	 	)
)

)
	 	 

/s/ Lee Kheng Hock

Lee Kheng Hock

Director

/s/ Edmund
Leow

EDMUND
LEOW

Secretary

-8-

 

CERTIFICATES PURSUANT TO THE RESIDENTIAL PROPERTY ACT AND THE LAND TITLES RULES AND
PRACTICE CIRCULARS:

I, LYN WEE SOON LI, the solicitor for the Lessee hereby certify that the place
of Incorporation and registration number allocated by the Registry of Companies to
the Lessee as abovementioned specified in the within instrument have been verified
from the Certificate of Incorporation produced and shown to me and are found to be correct.

     Dated this 26th day of September 2000.

	 	 	 	 	 
	 

	 	-s- LYN WEE SOON LI
 

LYN WEE SOON LI

Solicitor for the Lessee
	 	 

I, LYN WEE SOON LI, the solicitor for the Lessee hereby certify that according to the information
supplied to me by the Chief Planner within the last 8 weeks, the within land is zoned “Light
Industry” and the within land is for industrial use and the specific use approved is for light
Industrial factory with temporary permission for change of use of part of the factory area on the
2nd storey of the part 2/part 3-storey light industrial factory to ancillary office.

     Dated this 26th day of September 2000.

	 	 	 	 	 
	 

	 	-s- LYN WEE SOON LI
 

LYN WEE SOON LI

Solicitor for the Lessee
	 	 

CERTIFICATE OF CORRECTNESS

I, the Solicitor for the Lessor hereby certify that this instrument is correct for
the purposes of the Land Titles Act.

	 	 	 	 	 
	 

	 	-s- TEO WEI LING RENEE
 

TEO WEI LING RENEE

Solicitor for the Lessor
	 	 

I, the Solicitor for the Lessee hereby certify that this instrument is correct for
the purposes of the Land Titles Act.

	 	 	 	 	 
	 

	 	-s- LYN WEE SOON LI
 

LYN WEE SOON LI

Solicitor for the Lessee
	 	 

-9-

 

FOR OFFICE USE ONLY

	 	 	 
	M/S SHOOK LIN & BOK

	 	
	 ADVOCATES & SOLICITORS
	 
	 1 ROBINSON ROAD
	 
	 #18-00 AIA TOWER
	 
	 SINGAPORE 048542
	 
	 
	RT/TWL/955110/HDB
	 	 
	1 August, 2000/TWL
	 	 
	s:\1995\955110\955110.000721.draft lease.doc

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 

	 	 	L
	 	 	 	1	 	 	 	Ver 1	 
	 	 

	 	 	 	 	 	 
	 	THE LAND TITLES ACT

	 	 	

	 
	 	 

	 	 	 
	VARIATION OF LEASE

	 	

(A) DESCRIPTION OF LAND

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CT
(SUB)
	 	MK
	 	TS	 	Lot No	 	Property
Address Whole
or part lot (If
part lot, to
state appd new
lot/strata
lot or to annex plan
and give
details)
	Vol

	 	Fol
	 	 	 	 	 	 	 	 	 	 
	 
	570

	 	 	137	 	 	 	19	 	 	—
	 	1937C
	 	Whole.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	1 Yishun
Avenue
7 
Singapore
768923

			
	 	 	 
	(B) REGISTERED LEASE NO.:
	 	1/31607P

(C) LESSOR

	 	 	 
	ID/Co reg no:

	 	- 
	 
	 	 
	Name:

	 	HOUSING AND DEVELOPMENT BOARD
	 
	 	 
	Address: 

(within
Singapore for
service of Notice)

	 	A body corporate incorporated under the
Housing and Development Act and having its
office at HDB Centre, 3451 Jalan Bukit
Merah Singapore 159459 (hereinafter called
“the Board”)

          AND

(D) LESSEE

	 	 	 
	ID/Co. regn no.:

	 	199903281G
	 
	 	 
	Name:

	 	AGILENT TECHNOLOGIES SINGAPORE PTE LTD
	 
	 	 
	Address:
	 	 
	(within
Singapore for
service of Notice)

	 	9 Temesek Bculevand #09-03 suntec City Tower 2

Singapore 038989

 

2

HEREBY AGREE that the terms of the abovementioned Instrument of Lease shall be varied as
follows:-

	(a)	 	Clause 1(xii) of ML/24 shall be deleted and substituted with the following:-

	 	“(xii).	 	Not to use or permit or suffer the said land or any building thereon to be used
otherwise than for their own occupation and for the Manufacturing of Semiconductor Products
and Components as well as the Testing and Assembly of Test and Measurement Instruments. All
activities shall be confined within the boundary of the said land and the Lessee
shall not place any articles and goods on the common area outside the boundary of the
said land.”

	(b)	 	The Lessee shall pay all registration fees, stamp fees, legal costs and
other charges legal or otherwise incurred in connection with the preparation and issue
of this Variation of Lease.
	 
	(c)	 	Save as herein varied and amended the said Instrument of Lease shall in all
other respects continue to be in full force and effect.

		
	
(E) DATE OF VARIATION OF LEASE :
	
15 January 2002

 

(F) EXECUTION
BY BOARD

	 	 	 	 	 
	The Common Seal of the HOUSING AND

DEVELOPMENT BOARD was

hereunto affixed in the presence of:

	 	)

)

)

)

)
	 	 

	 	 	 	 	 
	/s/ Mr Edmund Koh

	 	/s/ Jacqueline Low Li Ling
	 	 
	 

	 	 	 	 
	     MEMBER

	 	     OFFICER	 	 
	Mr Edmund Koh

	 	JACQUELINE LOW LI LING	 	 

(G) EXECUTION BY LESSEE

	 	 	 	 	 
	Signed by the abovenamed Lessee

AGILENT TECHNOLOGIES

SINGAPORE PTE LTD

in the presence of:-

	 	)

)

)

)

)

)
	 	 
	 
	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	/s/ [ILLEGIBLE]
	 	 	 	 
	 	 	 	 	 
	Director
	 	 	 	 
	 
	 	 	 	 
	/s/ [ILLEGIBLE]
	 	 	 	 
	 	 	 	 	 
	Secretary
	 	 	 	 

 

 

(J) CERTIFICATE OF CORRECTNESS

I, the Solicitor for the Board hereby certify that this instrument is correct for the
purposes of the Land Titles Act and that I have a Practising Certificate issued
on 1st April 2001.

	 	 	 	 	 
	 

	 	 	 	 
	 

	 	/s/ Leong Siew Fong Elaine	 	 
	 

	 	     LEONG SIEW FONG ELAINE	 
	 

	 	 	 	 
	 

	 	NAME & SIGNATURE OF SOLICITOR FOR THE BOARD	 

I, the
Solicitor for the Lessee hereby certify that this instrument is correct for the purposes
of the Land Titles Act and that I have a Practising Certificate issued on 1st April 2001.

	 	 	 	 	 
	 

	 	 	 	 
	 

	 	/s/
Chai Elsa	 	 
	 

	 	                         Chai
Elsa	 
	 

	 	 	 	 
	 

	 	NAME & SIGNATURE OF SOLICITOR
FOR THE LESSEE	 

 

 

FOR OFFICE USE ONLY

M/S
SHOOK LIN & BOK

ADVOCATES & SOLICITORS

1 ROBINSON ROAD

#18-00 AIA TOWER

SINGAPORE 048542

TWL/955110/HDB

TWL/\\sn1031\ey\1995\955110\955110.010503.variation of lease.doc

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