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Exhibit 4.50 ALLEN & GLEDHILL ADVOCATES
& SOLICITORS
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Dated 31 December 2004 SINGAPORE TECHNOLOGIES PTE LTD and TERRA
INVESTMENTS PTE. LTD. and CHARTERED SILICON PARTNERS PTE LTD
NOVATION AGREEMENT ALLEN & GLEDHILL ONE MARINA BOULEVARD #28-00
SINGAPORE 018989 Private Lot A12787(d) TABLE OF CONTENTS
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CONTENTS PAGE 1.
INTERPRETATION............................................... 1 2.
SECURITY DEPOSIT............................................. 2 3.
NEW LANDLORD'S UNDERTAKINGS.................................. 2 4.
TENANT'S UNDERTAKINGS........................................ 3 5.
COSTS AND EXPENSES........................................... 3 6.
CONTRACTS (RIGHTS OF THIRD PARTIES) ACT...................... 3 7.
GOVERNING LAW................................................
3
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i Private Lot A12787(d) THIS AGREEMENT is made on 31 December 2004
BETWEEN: (1) SINGAPORE TECHNOLOGIES PTE LTD, a company incorporated
in Singapore and having its registered office at 51 Cuppage Road
#09-01 StarHub Centre Singapore 229469 (the "ORIGINAL LANDLORD");
(2) TERRA INVESTMENTS PTE. LTD. a company incorporated in Singapore
and having its registered office at 60B Orchard Road #06-18 Tower 2
The Atrium @ Orchard Singapore 238891 (the "NEW LANDLORD"); and (3)
CHARTERED SILICON PARTNERS PTE LTD, a company incorporated in
Singapore and having its registered office 60 Woodlands Industrial
Park D Street 2 Singapore 738406 (the "TENANT"). WHEREAS: (A) By
the Lease (as defined below), the Original Landlord leased to the
Tenant the Premises (as defined below) for the Term (as defined
below), subject to the compliance by the Tenant of the tenant's
obligations and the conditions contained in the Lease. (B) By an
Agreement (as defined below) made between the Original Landlord and
the New Landlord, the Original Landlord agreed to sell / transfer
to the New Landlord the Premises together with the benefit of and
subject to the Lease. (C) The Original Landlord wishes to be
released and discharged from further performance of the Lease and
the Tenant has agreed to release and discharge the Original
Landlord subject to the New Landlord's agreement to perform the
Lease and to be bound by the terms of the Lease in place of the
Original Landlord on the terms and conditions set out below. IT IS
AGREED as follows: 1. INTERPRETATION 1.1 Definitions The following
definitions apply unless the context requires otherwise: 1.1.1
"AGREEMENT" means collectively the (1) a Sale and Purchase
Agreement dated 15 December 2004 made between the Original Landlord
and the New Landlord and (2) a letter of nomination dated 31
December 2004 issued by Temasek Holdings (Private) Limited, a
company incorporated in the Republic of Singapore and having its
registered office at 60B Orchard Road #06-18 Tower 2, The Atrium @
Orchard Singapore 238891 pursuant to the terms of the Sale and
Purchase Agreement, nominating the New Landlord; 1.1.2 "EFFECTIVE
DATE" means 1 January 2005; 1.1.3 "LEASE" means the agreement for
sub-licence and sub-lease dated 24 September 1999 made between the
Original Landlord and the Tenant in respect of the Premises; 1.1.4
"PERSON" means a person, firm, company or corporation; - 1 -
Private Lot A12787(d) 1.1.5 "PREMISES" means all that piece of land
known as Private Lot A12787(d) (part of Government Survey Lots 230L
and 1179P) of Mukim 13 as shown on the plan att
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