<PAGE>   1
                                                                   EXHIBIT 10.14


     This Agreement is executed between Thomas Chu Yan Chuen of Apt IC, Park
Villa, 37 Island Road, Deep Water Bay, Hong Kong ("the Consultant") and Supply
Chain Services Limited, a company incorporated in Hong Kong with registered
number 669329 whose registered office is at 31 New Henry House, 10 Ice House
Street, Central, Hong Kong ("the Company"), as of the last date indicated below
upon which it has been executed by both parties.

     This Agreement is made with reference to the following facts:

     A.   The Consultant and the Company entered into an agreement dated 26
          March 1999 ("the Consultation Service Agreement") by which the Company
          has engaged the Consultant to provide strategical planning and
          business consultation services to the Company.

     B.   Pursuant to the Consultation Services Agreement, the Consultant is
          entitled to receive from the Company the services fees in the sum of
          HK$210,000 ("Consultation Fees") for services tendered in the period
          from 1 April 1999 to 31 December 2000. The Consultant, however, has
          not received from the Company the Consultation Fees and the Consultant
          is desirous to waive the Consultation Fees to the intent that the
          Company shall be released and discharged from the payment of the
          Consultation Fees absolutely.

     C.   The Consultant and the Company desire to fully and finally resolve by
          this Agreement all claims, payments or other matters arising out of or
          in connection with the Consultation Fees.

     THEREFORE, the parties agree, in consideration of the mutual agreements
herein contained, as follows:

     1.   The Consultant, for and on behalf of himself and his personal
          representatives, successors and assigns, does hereby waive, release
          and forever discharge the Company and its successors and assigns from
          any and all claims, rights, benefits, interests, costs, expenses,
          damages, and actions, of whatever kind or nature, whether in law or in
          equity, whether known or unknown, which the Consultant has had, may
          now have or may hereafter have against the Company for or by reason of
          any occurrence, matter or thing through and including the date hereof
          which arises out of or in connection with any of the Consultation
          Fees.

     2.   Without prejudice to the generality of the foregoing, it is expressly
          agreed and accepted by each of the parties to this Agreement that this
          Agreement is and is intended to be a general release of all claims of
          the Consultant in respect of the subject matter of this Agreement
          including those claims which the Consultant did not know or suspect to
          exist in his favour at the time of executing this Agreement, even if
          such claims, if they had been known to him, could have affected the
          terms of the settlement reached between the parties as contained in
          this Agreement. To the extent that legislation or any principles of
          law might provide otherwise than the first sentence of this clause,
          such legislation and principles are (to the extent permitted by law)
          hereby expressly waived and excluded by the Consultant who admit to
          full knowledge and understanding of the consequences and effect of
          such waiver and exclusion.
<PAGE>   2
     3.   The Consultant warrants to the Company that he has not assigned,
          charged or in any other way dealt with or disposed or purported to
          deal with his rights or interests in the Consultation Fees.

     4.   In the event that any provision of this Agreement should be held void,
          voidable or unenforceable, the remaining portions shall remain in full
          force and effect.

     5.   This Agreement contains the entire agreement of the parties to settle
          the Consultation Fees referred to herein, and expresses the entire
          agreement between the parties in relation to the subject matter of
          this Agreement.

     6.   This Agreement shall be effective when each party has executed it.

     7.   This Agreement shall inure to the benefit of, and shall be binding
          upon, the successors and assigns of the parties hereto, and each of
          them.

     8.   For the avoidance of doubt, it is hereby declared and confirmed that
          save as herein otherwise provided in this Agreement, all the terms and
          conditions of the Consultation Service Agreement shall continue in
          full force and effect.

     9.   This Agreement shall be construed and enforced in accordance with the
          laws of Hong Kong.



Signed, Sealed and Delivered            )
By Thomas Chu Yan Chuen                 )
in the presence of:-                    )       /s/ Thomas Chu Yan Chuen
                                                ------------------------


/s/ Tsang Sau Ping
------------------

Dated: March 27, 2001



SEALED with the COMMON SEAL of          )
Supply Chain Services Limited           )
and SIGNED by its director              )
Pauline Chu Wai Man                     )
in the presence of:-                    )       /s/ Pauline Chu Wai Man
                                                -----------------------


/s/ Tsang Sau Ping
------------------

Dated: March 27, 2001
<PAGE>   3
     This Agreement is executed between Thomas Chu Yan Chuen of Apt IC, Park
Villa, 37 Island Road, Deep Water Bay, Hong Kong ("the Executive") and Supply
Chain Services Limited, a company incorporated in Hong Kong with registered
number 669329 whose registered office is at 31 New Henry House, 10 Ice House
Street, Central, Hong Kong ("the Company"), as of the last date indicated below
upon which it has been executed by both parties.

     This Agreement is made with reference to the following facts:

     A.   The Executive and the Company entered into an agreement dated 13
          September 2000 ("the Employment Agreement") by which the Company has
          employed the Executive in the capacity of Managing Director of the
          Company.

     B.   Pursuant to the Employment Agreement, the Executive is entitled to the
          following remuneration for services rendered in the period from 13
          September 2000 to 31 December 2000:

          (a)  basic salaries in the sum of USD55,800;

          (b)  a staff quarters not exceeding the monthly rental of $50,000 per
               month; and

          (c)  an incentive scheme in the nature of commission on the Company's
               gross revenue.

               All the basic salaries, staff quarters and commission as referred
               to in the preceding paragraphs (a) (b) and (c) of this recital B
               are hereinafter collectively called "the Remuneration".

          C.   The Executive is desirous to waive the Remuneration to the Intent
               that the Company shall be released and discharged from the
               Payment and provision of the Remuneration absolutely.

          D.   The Executive and the Company desire to fully and finally resolve
               by this Agreement all claims, payments or other matters arising
               out of or in connection with the Remuneration.

     THEREFORE, the parties agree, in consideration of the mutual agreements
herein contained, as follows:

     1.   The Executive, for and on behalf of himself and his personal
          representatives successors and assigns, does hereby waive, release and
          forever discharge the Company and its successors and assigns from any
          and 811 claims. rights, benefits, interests, costs, expenses, damages,
          and actions, of whatever kind or nature, whether in law or in equity,
          whether known or unknown, which the Executive has had, may now have or
          may hereafter have against the company for or by reason of any
          occurrence, matter or thing through and including the date hereof
          which arises out of or in connection with any of the Remuneration.

     2.   Without prejudice to the generality of the foregoing, it is expressly
          agreed and accepted by each of the parties to this Agreement that this
          Agreement is and is intended to be a general release of all claims of
          the Executive in respect of the subject matter of this Agreement
          including those claims which the Executive did not know or suspect to
          exist in his favour at the time of executing this Agreement, even if
          such claims, if they
<PAGE>   4
          had been known to him, could have affected the terms of the settlement
          reached between the parties as contained in this Agreement To the
          extent that legislation or any principles of law might provide
          otherwise than the first sentence of this clause, such legislation and
          principles are (to the extent permitted by law) hereby expressly
          waived and excluded by the Executive who admit to full knowledge and
          understanding of the consequences and effect of such waiver and
          exclusion.

     3.   The Executive warrants to the Company that he has not assigned,
          charged or in any other way dealt with or disposed or purported to
          deal with his rights or interests in the Remuneration.

     4.   In the event that any provision of this Agreement should be held void,
          voidable or unenforceable, the remaining portions shall remain in full
          force and effect.

     5.   This Agreement contains the entire agreement of the parties to settle
          the Remuneration referred to herein, and expresses the entire
          agreement between the parties in relation to the subject matter of
          this Agreement.

     6.   This Agreement shall be effective when each party has executed it.

     7.   This Agreement shall inure to the benefit of, and shall be binding
          upon, the successors and assigns of the patties hereto, and each of
          them.

     8.   For the avoidance of doubt, it is hereby declared and confirmed that
          save as herein otherwise provided in this Agreement, all the terms and
          conditions of the Employment Agreement shall continue in full force
          and effect.

     9.   This Agreement shall be construed and enforced in accordance with the
          laws of Hong Kong.



Signed, Sealed and Delivered            )
By Thomas Chu Yan Chuen                 )
in the presence of:-                    )       /s/ Thomas Chu Yan Chuen
                                                ------------------------


/s/ Tsang Sau Ping
------------------

Dated: March 27, 2001



SEALED with the COMMON SEAL of          )
Supply Chain Services Limited           )
and SIGNED by its director              )
Pauline Chu Wai Man                     )
in the presence of:-                    )       /s/ Pauline Chu Wai Man
                                                -----------------------


/s/ Tsang Sau Ping
------------------

Dated: March 27, 2001