Exhibit 10.50

DATED THIS 27th DAY OF March 2013

Between

DBS TRUSTEE LIMITED

AS TRUSTEE OF MAPLETREE INDUSTRIAL TRUST

as the Landlord

And

EQUINIX SINGAPORE PTE. LTD.

as the Tenant

AGREEMENT TO DEVELOP AND LEASE

WONGPARTNERSHIP LLP

12 Marina Boulevard Level 28

Marina Bay Financial Centre Tower 3

Singapore 018982

Tel: +65 6416 8000

Fax: +65 6532 5711/+65 6532 5722

Email: contactus@wongpartnership.com

Website: www.wongpartnership.com.sg

TABLE OF CONTENTS

THIS AGREEMENT is made on

BETWEEN:

(hereinafter individually referred to as the “Party” and collectively referred to as the “Parties”).

WHEREAS:

In this Agreement (as hereinafter defined) the following words and expression shall have the meanings hereby assigned to them except where the context otherwise requires:

“Adjusted Contracted NLA” means the Contracted NLA over the Original Land Area multiplied by the New Land Area;

“Agreed Sum” shall have the meaning ascribed to it in Clause 18(a);

“Agreement” means this Agreement to Develop and Lease (including the Appendices), and such other letters and documents as the Parties may expressly identify in writing and agree as forming part of this Agreement;

“Appendices” means the appendices to this Agreement;

“Approvals” means any and/or all relevant permissions, consents, approvals, licences, certificates and permits issued by any of the Authorities;

“Approved Contractors” shall have the meaning ascribed to it in Clause 9.1(b);

“Assignee” shall have the meaning ascribed to it in Clause 12;

“Assignment” shall have the meaning ascribed to it in Clause 12;

“Authorities” means all governmental, quasi-governmental, statutory and regulatory authorities having jurisdiction over the Works, the Property and the Facility and/or the Tenant and/or the Landlord in connection with the Works, the Property and the Facility, including any public authority or public service company whose systems are connected with the Works, the Property and the Facility;

“Bank Guarantee” shall have the meaning ascribed to it in Clause 16.4, the form of which is attached in Appendix 1;

“Base Plans” means the agreed plans depicting the Facility, attached in Appendix 2;

“Base Specifications” means the agreed specifications relating to the Facility, attached in Appendix 2;

“Business Day” means a Day (other than a Saturday, Sunday or a gazetted public holiday in Singapore) on which commercial banks are open for business in Singapore;

“Certified NLA” shall have the meaning ascribed to it in Clause 14.2;

“Change Request Form” means the change request form set out in Appendix 4;

“Conditions Satisfaction Date” shall have the meaning ascribed to it in Clause 14.1;

“Contracted NLA” means 384,799 square feet (35,749 square metres) subject to the Original Land Area being 109,942.5 square feet (10,214 square metres);

“CSC” means the certificate of statutory completion for the Facility issued by the Building and Construction Authority under the Building Control Act (Chapter 29 of Singapore);

“Day” means a calendar day in accordance with the Gregorian calendar;

“Defects Liability Period” means the period of 12 months from the TOP Date;

“Deposit” shall have the meaning ascribed to it in Clause 16.1 read with Item 4 of the Third Schedule of the Lease;

“Detailed Plans and Specifications” means all designs, drawings, plans, layout, details, specifications and other drawn or written information which are necessary to complete the Works prepared and developed by the Landlord in accordance with the Base Plans and Base Specifications;

“Facility” means the build-to-suit data centre facility erected or to be erected at the Land in accordance with the Base Plans and Base Specifications;

“Force Majeure Event” means an exceptional event or circumstance which:

and shall include the following events:

“Guaranteed Period” shall have the meaning ascribed to it in Clause 16.4A(a);

“Head Lease” means the lease to be entered into between the Head Lessor as lessor and the Landlord as lessee;

“Head Lessor” means JTC, and includes its assigns and successors-in-title;

“Initial Period” shall have the meaning ascribed to it in Clause 16.4(c)(i);

“Initial Period Sum” shall have the meaning ascribed to it in Item 4(a)(i) of the Third Schedule of the Lease;

“Interested Parties” shall have the meaning ascribed to it in Clause 24(f);

“JTC” means JTC Corporation, a body corporate incorporated under the Jurong Town Corporation Act (Chapter 150 of Singapore) and having its office at The JTC Summit, 8 Jurong Town Hall Road, Singapore 609434;

“JTC Consent” shall have the meaning ascribed to it in Clause 12(a);

“JTC Fixed Investment Criteria” shall have the meaning ascribed to it in Clause 4A.1;

“JTC Lease Documents” means collectively, (a) the JTC Letter and (b) the Schedule of Building Terms and the lease attached to the Schedule of Building Terms and shall include all documents made between JTC and the Landlord (on the terms and conditions agreed to by

the Landlord and the Tenant) which are expressed to be supplemental to any of the JTC Lease Documents;

“JTC Letter” means the letter of offer issued on 22 February 2013 (as varied by the variation letter of offer dated 25 March 2013) from JTC to the Landlord in respect of the lease of the Land to the Landlord and all references to “JTC Letter” in this Agreement shall include all appendices and schedules attached to it;

“Key Milestones” means the key events and stages of completion to be achieved throughout the carrying on of the Works in accordance with the Master Schedule;

“Land” shall mean all that piece of land comprised in Private Lot FX1-4a at Ayer Rajah Crescent, One-North which parcel of land forms part of Lot 04889V of Mukim 3 with a land area of 109,942.5 square feet (10,214 square metres) (which expression includes any part thereof and the Facility);

“Landlord’s Consultants” means the Landlord’s Architects, Quantity Surveyor, Civil & Structural Engineers, Mechanical & Electrical Engineers, Acoustic Consultants, Landscape Consultant, and/or any other persons and/or firms engaged by the Landlord in respect of the Facility or anyone or more of them;

“Landlord’s Representative” means the person appointed as such by the Landlord pursuant to Clause 4.4 of this Agreement;

“laws” means any and/or all present and future laws, legislation, subsidiary legislation, statutes, orders, by-laws, rules, regulations, and notices and requirements of any Authorities;

“Lease” means the lease to be entered into between the Tenant and the Landlord in respect of the Facility, in the form appended as Appendix 6;

“Lease Commencement Date” shall have the meaning ascribed to it in Clause 14.1;

“Licence Commencement Date” means 22 May 2013;

“Main Contract” means the contract in respect of the Project made between (a) the Landlord (as employer) of the one part and (b) the Main Contractor (as main contractor for the Project);

“Main Contractor” means the main building contractor under the Main Contract employed by the Landlord from time to time in respect of the Project;

“Mapletree Industrial Trust” means Mapletree Industrial Trust established in Singapore as a real estate investment trust and constituted by the MIT Trust Deed;

“Master Schedule” shall have the meaning ascribed to it in Clause 7.1. The initial Master Schedule is appended as Appendix 7, and may be revised from time to time by mutual agreement of the Parties;

“Milestone 1 Date” or “Site Possession Date” means the date of delivery of possession of the Land from JTC to the Landlord, which date shall be 15 April 2013 unless extended as provided in this Agreement;

“Milestone 2 Date” means the date of issue of Permit to Commence Piling Works which date shall be 15 May 2013, unless extended as provided in this Agreement;

“MIT Trust Deed” means the trust deed dated 29 January 2008 entered into between

Mapletree Industrial Fund Management Pte. Ltd. and Mapletree Trustee Pte. Ltd., as amended by (a) a supplemental deed of change of name of the trust deed dated 8 April 2008, (b) a second supplemental deed dated 17 June 2008, (c) an amending and restating deed dated 20 May 2009, (d) a supplemental deed of appointment and retirement of manager dated 27 September 2010, (e) a supplemental deed of appointment and retirement of trustee dated 27 September 2010 and (f) a second amending and restating deed dated 27 September 2010, and as further amended, modified or supplemented from time to time;

“New Land Area” means the site area of the Land certified by JTC as final upon a final survey to be carried out by JTC on the Land;

“NLA” means the aggregate net lettable floor area of the Property (as edged on the plans in Appendix 5) measured to include the edge of the slab which forms the external boundary of the space being measured as well as the areas occupied by all pillars, columns, mullions, internal partitions and projections within the space being measured and:

“Original Land Area” means 109,942.5 square feet (10,214 square metres) being the site area of the Land as provided by JTC;

“Replacement Amount” shall have the meaning ascribed to it in Clause 16.1;

“Permit to Commence Piling Works” shall mean the permit to commence piling work in respect of the Works, issued by the relevant Authorities;

“Permitted Use” shall have the meaning ascribed to it in Clause 3.1;

“Phase 1 Water Tight & Ready for Phase 2 Works” has the meaning ascribed to it in Clause 7.2;

“Phase 1 Water Tight & Ready for Phase 2 Works Completion Date” has the meaning ascribed to it in Clause 7.3(c)(i);

“Phase 1 Works” means the works conducted by the Landlord in respect of the design and construction of the core and shell of the Facility, such that the Facility achieves the TOP;

“Phase 1 Works Completion Date” means the later of (a) the date on which the Qualified Person issues to the Landlord a certificate certifying the completion of Phase 1 Works and (b) the TOP Date;

“Phase 2 Rent” shall have the meaning ascribed to it in the Lease;

“Phase 2 Works” means the works conducted by the Landlord in respect of the interior design, installation and fit out of single floor data centres on level 6 (unless otherwise designated by the Tenant in accordance with Clause 3A.2) of the Facility with supporting facilities on the roof and level 1 of the Facility, as set out in more detail in Appendix 3;

“Phase 2 Works Completion Date” has the meaning ascribed to it in Clause 7.3(c)(iii);

“Phase 2 Works Option” means the option granted by the Landlord to the Tenant to request the Landlord to carry out the Phase 2 Works;

“Phase 2 Works Option Deposit” shall have the meaning ascribed to it in Clause 16.2;

“Phase 3 Rent” shall have the meaning ascribed to it in the Lease;

“Phase 3 Works” means the works conducted by the Landlord in respect of the interior design, installation and fit out of single floor data centres on level 5 (unless otherwise designated by the Tenant in accordance with Clause 3A.3) of the Facility with supporting facilities on the roof and level 1 of the Facility, as set out in more detail in Appendix 3;

“Phase 3 Works Completion Date” has the meaning ascribed to it in Clause 7.3(c)(iv);

“Phase 3 Works Option” means the option granted by the Landlord to the Tenant to request the Landlord to carry out the Phase 3 Works;

“Phase 3 Works Option Deposit” shall have the meaning ascribed to it in Clause 16.2;

“Project” has the meaning ascribed to it in Clause 3A.1 and refers to the three phase(s) of development comprising the Works and references to “Project” shall include the development of the Facility on the Land;

“Property” means the whole of the Land including the Facility erected thereon to be leased to the Tenant pursuant to the Lease, comprising office space and facilities, and more particularly described in the Lease;

“QP Sign-Off” means the certificate from the Qualified Person certifying that the Works have been substantially completed in accordance with the Base Plans and Base Specifications;

“Qualified Person” means the architect engaged by the Landlord in respect of the Project;

“Relevant Consents” means those permissions, consents, approvals, licences, certificates and permits in legally effectual form as may be necessary lawfully to commence, carry out and complete the Tenant’s Works;

“Rent” shall have the meaning ascribed to it in the Lease;

“Service Address” shall have the meaning ascribed to it in Clause 21.2(a);

“Taxes” shall have the meaning ascribed to it in Clause 18(a);

“Tenant’s Fixed Investment Criteria” shall have the meaning ascribed to it in Clause 4A.2;

“Tenant’s Fixed Investment Criteria Fulfilment Date” shall have the meaning ascribed to it in Clause 4A.3;

“Tenant’s Representative” means the person appointed as such by the Tenant pursuant to Clause 4.1 of this Agreement;

“Tenant’s Works” means all such works to be carried out by the Tenant at the Facility including renovation and fitting out works, the installation of machinery and the installation of furniture at the Facility;

“TOP” means the temporary occupation permit for the Facility issued by the Building and

Construction Authority under the Building Control Act;

“TOP Date” means the date of issue of the TOP;

“Variation Rent” shall have the meaning ascribed to it in Clause 10.8(a)(i)(2);

“Variation Rent (Reduction)” shall have the meaning ascribed to it in Clause 10.8(a)(ii); and

“Works” means the works carried out / to be carried out on the Land for the development of the Facility which will comprise (a) the Phase 1 Works, the Phase 2 Works and the Phase 3 Works, (b) the Phase 1 Works and the Phase 2 Works; or (c) the Phase 1 Works only, as the case may be.

Words importing the singular also include the plural and vice versa where the context requires.

The headings and marginal notes in this Agreement shall not be deemed to be part of this Agreement or to be taken into consideration in the interpretation or construction of this Agreement.

If a Party is a joint venture partnership, the individual partners or companies comprising the Party shall be deemed jointly and severally liable to the other Party under this Agreement.

Headings are for convenience only and do not affect interpretation. The following rules of interpretation apply unless the context requires otherwise:

The Property is permitted to be used as a data centre and an ancillary office (“Permitted Use”).

The Tenant shall:

The Landlord shall, at the Tenant’s costs and expense, render reasonable assistance to the Tenant in its application(s) referred to in Clause 3.2(a), such assistance to include without limitation, execution of the relevant letters of authority / consent to facilitate the Tenant’s submission of such applications.

The Tenant’s Representative is authorised by the Tenant to amend, vary or cancel any of the Tenant’s previously communicated requirements or instructions, and to otherwise bind the Tenant to any proposed amendments, variations or cancellations of any specifications in the Base Plans, Base Specifications or Detailed Plans and Specifications.

The Tenant’s Representative may visit the construction site, provided always that the Tenant’s Representative shall:

The Tenant acknowledges that there is an existing encumbrance on the Land in the form of a 66KV live electrical cable, marked in red in the plan attached in Appendix 8 and the Tenant agrees to undertake all necessary measures and procedures prescribed by the Landlord, JTC and/or the Authorities to manage the said encumbrance and permit access to the Landlord, JTC and the Authorities and all parties authorised by the Landlord, JTC and the Authorities on the Land to repair, maintain, replace and carry out all other such acts on the live cable at reasonable times.

This offer of the lease of the Facility and the acceptance thereof is subject to the grant of a lease from JTC to the Landlord for the Land on the terms and conditions of the JTC Lease Documents which are acceptable to the Landlord and the Tenant (including the written consent of JTC to the grant of the Lease).

save that:

Provided Always that the Landlord shall not be entitled to any extension of time where the instructions or acts of the Tenant are necessitated by or intended to cure any default of or breach of this Agreement by the Landlord and such disentitlement shall not set the time for completion of the Works or part of the Works at large.

before such access is granted by the Landlord to the Tenant.

Any Party requesting any changes to the Base Plans and Base Specifications shall submit to the other Party the Change Request Form in the form appended hereto as Appendix 4, annexing drawings and plans where expedient or requested by the other Party, for the other Party’s approval of the changes detailed in the Change Request Form. Where the changes are required by JTC or the relevant Authorities, the Landlord shall communicate the required changes to the Tenant in such form and manner as the Landlord deems appropriate. As far as practicable, the Landlord shall notify the Tenant of all non-material amendments or modifications to the Base Plans and the Base Specifications during the weekly meetings held between the Landlord’s Representative and the Tenant’s Representative.

any increase or reduction in cost arising from the implementation of such amendment or modification shall be borne by the Landlord or, as the case may be, shall accrue solely to the benefit of the Landlord.

any increase or reduction in cost arising from the implementation of such amendment or modification shall be solely borne by the Tenant or, as the case may be, shall accrue solely to the benefit of the Tenant in the manner prescribed in Clause 10.8 below.

(1) be paid by the Tenant upfront within 30 Days after receipt from the Landlord of the Qualified Person’s statement that the relevant works have been completed and the actual amount of cost increase (which shall include but not be limited to the supply, construction and installation of the relevant materials and the fees payable to the relevant consultants, contractors and relevant Authorities in relation to the carrying out of such construction works) and the certificate of the Qualified Person shall be final and conclusive and binding on the Parties (save for errors therein); or

(2) be amortised over rent such that the monthly rent for Phase 1 Works (as set out in the Lease) shall be adjusted upwards (after adjustment, the “Variation Rent”) as follows:

(where “Z” means the costs arising from the implementation of such amendment or modification);

The Parties shall agree, prior to the commencement of the relevant works, on whether the aforesaid increase in costs shall be paid upfront as provided under Clause 10.8(a)(i)(1) or by way of amortisation over rent as provided under Clause 10.8(a)(i)(2) and in the event that the Parties are unable to agree, the Tenant shall pay the aforesaid increase in costs upfront as provided under Clause 10.8(a)(i)(1); and

(where “Y” means the costs savings from costs reduction arising from the implementation of such amendment or modification accruing to the Tenant).

Without prejudice to the Landlord’s and Tenant’s obligations under the Lease in respect of repair and maintenance of the Facility and upkeep of the Land, the Landlord must make good at its own cost and expense any defect in the Facility (including, where applicable, any mechanical and electrical equipment) resulting from the workmanship and/or materials of the Landlord and/or Main Contractor or the Landlord’s agents, employees or appointed sub-contractors, including but not limited to any damage, shrinkage, deterioration, seepage, leakage, failure, lack of fitness, non-satisfaction of performance specifications or other requirements under the Detailed Plans and Specifications, or other faults in relation to the Works, which appears or becomes apparent before or within the Defects Liability Period.

For the avoidance of doubt, the Landlord shall not be required to make good any defect which is caused by any act, negligence or omission of the Tenant, its employees, agents, workmen, Approved Contractors, contractors or invitees.

Subject to Clause 11.3, all rectification works referred to in Clause 11.1 shall be executed by the Landlord at its own cost.

If any defect in the Property or in such parts of the Facility appears at any time from the commencement of Works to the end of the Defects Liability Period, the Tenant’s Representative may instruct the Landlord to investigate under the direction of the Tenant’s Representative the cause of the defect. If such defect is one which arose from some default by the Landlord and/or the Main Contractor or any of the Landlord’s agents, employees or appointed sub-contractors, the cost of the work carried out in such investigation shall be borne by the Landlord, but if such defect(s) arose from the default by the Tenant or any of its agents, employees or Approved Contractors, the costs of the works carried out in such investigations shall be borne by the Tenant.

The provisions of Clauses 11.1 to 11.3 shall not derogate in any way whatsoever from the Landlord’s liability under this Agreement or otherwise for defective work at common law.

The Tenant shall not assign its interests, rights or benefits under this Agreement or transfer its liability under this Agreement (collectively, “Assignment”) or sub-let license or in any way dispose of or part with possession of the Property or any part thereof either by way of sub-letting sharing or other means whereby any company or person or persons not a party to this Agreement obtains the use or possession of the Property or any part thereof irrespective of whether or not any rental or other consideration is given for such use or possession save with the Landlord’s approval in writing, and Provided Always that any Assignment shall be in favour of a Singapore incorporated entity which is wholly owned by Equinix Inc. whether directly or indirectly (“Assignee”) Provided further that the Landlord shall only give its approval in writing to the Assignment subject to compliance with the following:

The Tenant shall on or within 10 Business Days of the execution of this Agreement deposit with the Landlord the sum set out in Item 4(a)(i) of the Third Schedule of the Lease.

The Deposit shall be held by the Landlord as security for the due performance and observance by the Tenant of all and singular the several stipulations covenants and conditions on the part of the Tenant herein contained and contained in the Lease (as may be applicable).

If the Tenant shall fail to perform and observe the said stipulations covenants and conditions and has not commenced the remedy of such breach within 14 Days after receipt of the Landlord’s written notice in that effect (or such shorter period as may be reasonably determined by the Landlord having regard to the extent and nature of the breach), the Landlord shall be entitled (but not obliged) to apply the Deposit or any part thereof towards payment of moneys outstanding or making good any breach by the Tenant or to deduct from the Deposit any loss or expense to the Landlord occasioned by such breach but without prejudice to any other right or remedy which the Landlord may be entitled to.

If any part of the Deposit shall be applied or deducted as aforesaid, the Tenant shall within 14 Days of demand by the Landlord furnish to the Landlord in cash (or by way of a fresh bank guarantee in accordance with Clauses 16.4 to 16.6) an amount equivalent to the sum so applied and/or deducted from the Deposit (“Replacement Amount”). Provided Always that the Tenant is to deposit with the Landlord the Replacement Amount in cash if no bank guarantee is issued for the Replacement Amount within 14 Days of demand by the Landlord.

For the avoidance of doubt, the Landlord shall be entitled to apply or deduct the Deposit or any part thereof for any breach under this Agreement up to three (3) months after the Lease Commencement Date and the Tenant shall remain obliged to furnish the Replacement Amount in the event of the Deposit being so applied or deducted by the Landlord.

Subject to the provisions of this Clause 16.2, the Deposit shall be maintained at an amount equivalent to the sum set out in Item 4(a)(i) of the Third Schedule of the Lease for the Initial Period (as defined hereinafter).

If the Rent for the Initial Period is increased in accordance with the provisions of the Lease (save for the increment in Rent further to the yearly rent escalation of 2% per annum on the preceding year’s Rent set out in Item 3 of the Third Schedule of the Lease), then the Deposit shall be increased proportionately and the Tenant shall within 14 Days of demand furnish to the Landlord in cash (or by way of a fresh bank guarantee in accordance with Clauses 16.4 to 16.6) an amount equivalent to the increment in the Deposit.

Upon the Tenant’s exercise of the Phase 2 Works Option and the Phase 3 Works Option, the Deposit shall be increased by an amount equivalent to 36 months of the Phase 2 Rent as stated in Item 4(b) of the Third Schedule of the Lease and by 36 months of the Phase 3 Rent as stated in Item 4(c) of the Third Schedule of the Lease.

The Tenant shall immediately pay to the Landlord such increase in the amount of the Deposit by way of a fresh bank guarantee (in accordance with Clauses 16.4 to 16.6) and additionally, such bank guarantee shall (a) in respect of the Deposit payable upon the exercise of the Phase 2 Works Option (“Phase 2 Works Option Deposit”) be on the same terms and bear the same expiry date as the Bank Guarantee issued in respect of the Initial Period and shall (b) in respect of the Deposit payable upon the exercise of the Phase 3 Works Option (“Phase 3 Works Option Deposit”) be on the same terms and bear the same expiry date as the Bank Guarantee issued in respect of the Second Period (as defined in the Lease); or the Tenant may combine the Phase 2 Works Option Deposit and the Phase 3 Works Option Deposit with the Initial Period Sum and furnish a fresh bank guarantee for the aggregate amount which bank guarantee shall be on the same terms and bear the same expiry date as the Bank Guarantee issued in respect of the Second Period, which aggregate amounts shall be maintained for a period of 10 years from the Lease Commencement Date.

Notwithstanding Clause 16.1, the whole of the Deposit may in the Landlord’s sole discretion be forfeited to the Landlord if the Tenant:

For the avoidance of doubt, it is hereby agreed and declared that the Deposit does not constitute a penalty or liquidated damages and that any forfeiture of the Deposit by the Landlord shall be without prejudice to any other rights or remedies that the Landlord may be entitled to.

For the avoidance of doubt, this Clause 16.4 shall be without prejudice to the provisions of provisions of Clause 16.2 with respect to any increase in the amount of Deposit payable by the Tenant

Provided Always that, without affecting the generality of (a) above, (i) in the event that the Bank Guarantee for the Initial Period (or any replacements thereof) is to expire before the expiry of five (5) years from the Lease Commencement Date, the Tenant shall procure the guarantor to issue a replacement Bank Guarantee at least 45 Days before the expiry of the Initial Period for the period commencing from the expiry of the Bank Guarantee for the Initial Period (or any replacements thereof) up to the expiry of five (5) years from the Lease Commencement Date; and (ii) in the event that the Bank Guarantee for the Initial Period (or any replacements thereof) will only expire after the expiry of five (5) years from the Lease Commencement Date, the Tenant shall procure the guarantor to issue the Bank Guarantee for the Second Period at least 45 Days before the expiry of five (5) years from the Lease Commencement Date and the Landlord shall in exchange for the Bank Guarantee for the Second Period return the Bank Guarantee for the Initial Period to the Tenant for its cancellation, failing which, in either case of (i) or (ii), the Landlord shall be entitled to demand payment under the Bank Guarantee without affecting its rights in relation to the Bank Guarantees to be issued for the remaining periods under which the Deposits are payable in accordance with the provisions of Clause 3 of the Lease, as the case may be. Notwithstanding the above, the Parties agree in the event that the Landlord demands and receives payment under the Bank Guarantee under (ii) above, the Tenant shall only be required to top up the payment received by the Landlord under the Bank Guarantee for the Initial Period (by cash or by way of a fresh Bank Guarantee) to an amount equivalent to the Deposit payable for the Second Period such that the amount of Deposit held by the Landlord after such topping up equals the Deposit payable for the Second Period.

Reference to Arbitration

In the event of any dispute between the Parties in connection with or arising out of this Agreement or the Works, including any dispute as to the existence, validity or termination of this Agreement, the Parties shall refer the dispute for arbitration by a sole arbitrator agreed upon by the Parties within 14 Days of either Party giving written notice requiring arbitration to the other. If no agreement can be reached, the arbitrator shall be appointed, on the application of either Party, by the Chairman for the time being of the Singapore International Arbitration Centre. The place of arbitration shall be Singapore. Any such reference shall be deemed to be submission to arbitration within the meaning of the Arbitration Act (Chapter 10 of Singapore) or any re-enactment or modification thereof and be in accordance with the Arbitration Rules of the Singapore International Arbitration Centre at the time being in force.

This Agreement may not be varied except by an agreement in writing signed by the duly authorised representative of both Parties.

It is acknowledged by the Parties that in relation to this Agreement, each Party has not acted or relied on any representations made by or on behalf of the other Party except those which are contained in this Agreement (if any). This Agreement and the Lease constitutes the entire contract between the Parties. However, nothing in this Clause shall affect the validity and binding effect of any subsequent agreements in writing signed between the Parties.

The provisions of this Agreement shall remain in full force and effect after the grant of the Lease, in so far as they are still required to be observed and performed and are not repeated or inconsistent with the Lease.

Notwithstanding any provision to the contrary in this Agreement, each of the Parties to this Agreement acknowledges and agrees that the Landlord has entered into this Agreement only in its capacity as trustee of Mapletree Industrial Trust and not in the Landlord’s personal capacity and all references to the Landlord in this Agreement shall be construed accordingly. Accordingly, notwithstanding any provision in this Agreement, the Landlord has assumed all obligations under this Agreement in its capacity as trustee of Mapletree Industrial Trust and not in its personal capacity and any liability of or indemnity given by the Landlord under this Agreement any power or right conferred on any receiver, attorney, agent and/or delegate is limited to the assets of Mapletree Industrial Trust over which the Landlord has recourse and shall not extend to any personal or other assets of the Landlord or any assets held by the Landlord as trustee of any trust (other than Mapletree Industrial Trust). Any obligation, matter, act, action or thing required to be done, performed or undertaken by the Landlord under this Agreement shall only be in connection with matters relating to Mapletree Industrial Trust (and shall not extend to the Landlord’s obligations in respect of any other trust or real estate investment trust of which it is a trustee).

It is hereby agreed that each of the Parties’ obligations under this Agreement will be solely the corporate obligations of that Party and there shall be no recourse against the shareholders, directors, officers or employees of that Party for any claims, losses, damages, liabilities or other obligations whatsoever in connection with any of the transactions contemplated by the provisions of this Agreement.

For the avoidance of doubt, any legal action or proceedings commenced against the Landlord whether in Singapore or elsewhere pursuant to this Agreement shall be brought against the Landlord in its capacity as trustee of Mapletree Industrial Trust and not in its personal capacity.

Both Parties agree to hold all the terms and conditions of this Agreement in strict confidence and not to disclose the same to any party except to each Party’s respective directors, officers and employees who are directly involved in this Agreement. Notwithstanding the aforesaid, the confidentiality obligations shall not apply to:

This Agreement may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Each Party may enter into this Agreement by signing any such counterpart and each counterpart may be signed and executed by the Parties and transmitted by facsimile transmission and shall be as valid and effectual as if executed as an original.

IN WITNESS WHEREOF this Agreement has been entered into on the date stated at the beginning.

THE LANDLORD

THE TENANT