Exhibit 10.10

Date: 26 October 2006

Our ref: P/HIHI3/01151/06CTAX

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

Dear Sirs,

Banking Facilities: Atlantic Components Limited (“Borrower”)

          We, DBS Bank (Hong Kong) Limited (“Bank”), refer to our letter dated
27 June 2006 together with the “Terms and Conditions Governing Banking
Facilities and Services” attached therein setting out the facilities made
available to you as varied by our letter dated 5 August 2006 (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 will be made
available to you in addition to the facilities mentioned under the above heading
of the Existing Facility Letter subject to the compliance of the terms and
conditions stipulated in the Existing Facility Letter and those stated herein.

 

 

 

Type(s) of Facility

Facility Limit(s)

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

7.

Tax Loan

HKD1,222,794.-

PRICING AND CONDITIONS:

 

 

Tax Loan

Purpose: for settlement of tax payment.

 

 

 

Drawdown: drawdown will normally be made one Business Day before the first tax
installment due date, by cashier’s order payable and delivered directly to The
Government of The Hong Kong Special Administrative Region, and remaining portion
of the loan (if any) shall be credited to the Borrower’s account with the Bank.

 

 

 

Interest: 2% per annum below Prime Rate on the outstanding amount from drawdown
until repayment in full, as conclusively calculated by the Bank.

 

 

 

Repayment: Principal together with accrued interest will be repayable by 12
equal monthly installments (except final payment which shall be the then
outstanding balance and accrued interest). At the Bank’s discretion and without
prior notice, the amount and/or the number of monthly installments may be varied
if the interest rate changes. The first installment shall be paid one month
after the date of advance of the loan and the subsequent installments shall be
paid on the corresponding day of each succeeding month until the loan and
interest thereon are repaid in full.

 

 

 

 

 

DBS Bank (Hong Kong) Limited
Enterprise Banking
16th Floor, The Center
99 Queen’s Road Central
Central, Hong Kong

 

Tel 852 2218 8598
Fax 852 2285 3628
www.dbs.com

--------------------------------------------------------------------------------

 

 

Atlantic Components Limited

Our Ref: P/HIHI3/01151/06CTAX

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

 

 

 

 

Conditions applicable to Full Prepayment:

 

 

•.

one month prior written notice;

 

 

•

if prepayment is not made on an installment due date, interest shall be
calculated and payable up to the upcoming installment due date;

 

 

•

1% (or such other rate as is prevailing at that time) as handling fee charged on
the outstanding principal.

A handling fee of HKD5,000.- 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 Louis Lau (“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 2218-4825.

          We are pleased to be of service to you.

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

 

(ILLEGIBLE) [c55301023.jpg]

--------------------------------------------------------------------------------

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) [c55301024.jpg]

--------------------------------------------------------------------------------

2

--------------------------------------------------------------------------------