The provisions of Annex J and K of the Agreement relating to Malaysia dated the 9th day of July, 1963 are hereby expressly rescinded as from the date of this Agreement.
With regard to any agreement entered into between the Government of Singapore and any other country or corporate body which has been guaranteed by the Government of Malaysia, the Government of Singapore hereby undertakes to negotiate with such country or corporate body to enter into a fresh agreement releasing the Government of Malaysia of its liabilities and obligations under the said guarantee, and the Government of Singapore hereby undertakes to indemnify the Government of Malaysia fully for any liabilities, obligations or damage which it may suffer as a result of the said guarantee.
In Witness whereof, the undersigned, being duly authorised thereto, have signed this Agreement.
Done this 7th day of August, 1965, in two copies of which one shall be deposited with each of the Parties.
For the Government of Malaysia:
Y. T. M. Tunku Abdul Rahman Putra Al-Haj K.O.M.
Tun Abdul Razak bin Dato Hussein, S.M.N.
Deputy Prime Minister
Dato (Dr.) Ismail bin Dato Abdul Rahman, P.M.N.
Minister of Home Affairs
Tan Siew Sin, J.P.
Minister of Finance
Dato V.T. Sambanthan, P.M.N.
Minister of Works, Post and Telecommunications