Exhibit 10.14

Date: 18 October 2007

Our ref: P/HIHI4/00901/07

Atlantic Components Limited
B24-27, 1st Floor, Block B
Proficient Industrial Centre
6 Wang Kwun Road
Kowloon Bay, Kowloon

Attention: Mr Kenneth Chan

Dear Sirs,

Banking Facilities: Atlantic Components Limited (“Borrower”)

          We, DBS Bank (Hong Kong) Limited (“Bank”), refer to our letter dated
27 December 2006 together with the “Terms and Conditions Governing Banking
Facilities and Services” and the “Terms and Conditions Governing Factoring
Facilities and Services” attached therein setting out the facilities made
available to you as varied by our letters dated 14 May 2007 and 11 September
2007 (collectively called “the Existing Facility Letter”).

          We are pleased to confirm that all the terms and conditions under the
Existing Facility Letter shall remain unchanged except the following variations
until further notice:

FACILITY LIMITS:

The following facilities with facility limit(s) listed below as mentioned under
the above heading of the Existing Facility Letter will be revised to read as
follows:-

 

 

 

Type(s) of Facility

Facility Limit(s)

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5.

Letter of Credit

HKD40,000,000.-

6.

Trust Receipt

HKD40,000,000.-

7.

Account Payable Financing

HKD40,000,000.-

8.

Factoring

HKD45,000,000.-

 

 

 

Important Condition(s) Governing Facility Limits.

 

 

 

•

The aggregate outstanding of Facilities 5 to 7 shall not at any time exceed
HKD40,000,000.-

PRICING AND CONDITIONS:

Only the pricing and conditions which are subject to revision are listed below,
other terms and conditions corresponding to the respective Facilities mentioned
under the above heading of the Existing Facility Letter remain unchanged:-

 

 

 

 

 

Letter of Credit (“L/C”)

 

Maximum Tenor: 6 months at sight or usance up to 45 days.

 

 

 

 

 

L/C Opening Commission

 

 

 

 

 

1st USD50,000.-

 

1/8%

 

 

Balance

 

1/24%

 

 

 

 

 

Account Payable Financing

 

Account Payable Financing Commission

 

 

 

1st USD50,000.-

 

1/8%

 

 

Balance

 

1/24%

 

 

 

 

 

DBS Bank (Hong Kong) Limited

 

Tel 852 221 8 8598

 

Enterprise Banking

 

Fax 852 2285 3601

 

16th Floor, The Center

 

www.dbs.com

 

99 Queen’s Road Central

 

 

 

Central, Hong Kong

 

 

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Atlantic Components Limited

Our Ref: P/HIHI4/00901/07

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Terms and Conditions Governing Factoring Facilities and Services

The following Prepayment Limit as mentioned under the above heading of the
Existing Facility Letter will be revised to read as follows:-

 

 

Prepayment Limit

HKD45,000,000.-

A review fee of HKD3,000.- will be payable upon our receipt of your acceptance
of this Letter.

          Please signify your understanding and acceptance of this supplemental
facility letter by signing and returning to us the duplicate copy of this letter
with supporting resolutions for the attention of Mr. Jimmy Ng (“Designated
Relationship Manager”), within one month from the date of this letter, otherwise
the offer in this letter will lapse at the discretion of the Bank.

          We enclose a set of documents which should also be completed and
returned to the Bank. If you have any queries, please contact our Designated
Relationship Manager whose telephone number is 2218-4834.

          We are pleased to be of service to you.

Signed for and on behalf of
DBS Bank (Hong Kong) Limited
by:

 

 

(ILLEGIBLE) [c55301030.jpg]

 

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Authorised Signature

 

FN/mh
Encl.

We understand that this supplemental facility letter forms an integral part of
the Existing Facility Letter, and we hereby confirm our understanding and
acceptance of all the terms and conditions set out in this supplemental facility
letter and our agreement to be bound by them.

 

 

Signed for and on behalf of

 

Atlantic Components Limited

 

 

(ILLEGIBLE) [c55301031.jpg]

 

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Authorised Signature

 

 

 

Signature of Witness:

 

 

 

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Name of Witness:

 

Hong Kong Identification / Passport No:

 

2

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