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Exhibit
10.41
 
  
   BANKING FACILITIES
  Existing
    
    RevisedFacilities
    
    Limits
    
    LimitsImport Line comprising (Sight/Usance) Letters of
Credit, Trust Receipts, Bills Receivable Purchase
(Import), Shipping Guarantees and Airway
Guarantees
    
    S$1,000,000
    
    S$1,000,000Bills Receivable Sales
    
    US$3,000,000
    
    US$3,000,000Term Loan I (original limit)
    
    S$797,627-60
    
    S$797,627-60Term Loan III (original limit)
    
    S$l,000,000
    
    S$l,000,000Term Loan IV
    
    
    
    S$1,000,000Term Loan V
    
    
    
    S$1,000,000Foreign Exchange Line
    
    S$3,000,000
    
    S$3,000,000
  (a)
    
    Purpose
 (i)
    
    Term Loan IV

To part finance the purchase/installation of one (1) unit of heat-dissipating system (hereinafter
called Equipment 1).
 DBS Bank Ltd
    
    Tel: 65.67671555DBS Business Centre (North) Enterprise Banking
    
    Fax: 65.6764 2725900 South Woodlands Drive #05-01
    
    Telex: RS 24455Woodlands Civic Centre
    
    SWIFT Dest: DBSSSGSGSingapore 730900
    
    www.dbs.com
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(ii)
    
    Term Loan VTo part finance the purchase/installation of one (1) unit of heat-dissipating system
(hereinafter called Equipment 2).
 (b)
    
    Interest Rate for Term Loans IV and V1.00% per annum above the prevailing DBS Bank Prime rate or such other rate(s) as may be determined
by us from time to time. Interest shall be calculated on daily rest basis based on a 365/366-day
year.The monthly instalment will be calculated based on the respective amount disbursed, over the
original duration of Term Loan IV and V respectively.The prevailing DBS Bank Prime rate is 4.25% per annum.(c)
    
    Financing QuantumTerm Loans IV and V shall be capped at S$1,000,000/- each.(d)
    
    Financing Period
 (i)
    
    The duration for Term Loan IV shall be three (3) years.(ii)
    
    The duration for Term Loan V shall be three (3) years
 (e)
    
    Conditions governing use of Term Loans IV and V
 (i)
    
    Term Loans IV and V shall be disbursed progressively upon your submission of:
 (a)
    
    vendors/suppliers invoices of installation works done/materials purchased for
Equipment I and 2 respectively; and(b)
    
    documentary evidence acceptable to DBS Bank that your Company has met the Goods and
Services Tax (GST) and the first 10% of the cost of Equipment I and 2 respectively under the
aforementioned invoices.
 DBS Bank Ltd
    
    Tel: 65.67671555DBS Business Centre (North) Enterprise Banking
    
    Fax: 65.6764 2725900 South Woodlands Drive #05-01
    
    Telex: RS 24455Woodlands Civic Centre
    
    SWIFT Dest: DBSSSGSGSingapore 730900
    
    www.dbs.com
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(ii)
    
    DBS Bank shall reimburse your Company the amount paid to the vendors/suppliers in respect of
clause 2(e)(i)(a) above subject to:
 (a)
    
    your submission of documentary evidence satisfactory to the Bank; and(b)
    
    your Company meeting the requirements stipulated in our letter of offer herein.
 (f)
    
    AvailabilityTerm Loans IV and V shall be available for drawdown within one (1) year from
the date of this letter of offer.(g)
    
    Repayment
 (i)
    
    Term Loans IV and V shall be repaid in thirty-six (36) monthly instalments to be determined
upon each drawdown respectively. The first of such instalments shall be paid one (1) month from the
date of its respective first disbursements. Subsequent monthly instalments shall be paid on the
corresponding day of succeeding months.(ii)
    
    In the event the interest rate applicable on Term Loan IV and/or Term Loan V is/are revised,
you shall pay such increased or reduced monthly instalments based on the new interest rate to
enable the respective loans to be completely repaid within the agreed period of three (3) years
each.
 (h)
    
    SecurityThe above banking facilities together with all monies and liabilities which may be owing or
becoming owing by you to DBS Bank from time to time shall be secured by the existing charge on
fixed deposit(s) of not less than S$800,000/- in aggregate or its equivalent in other acceptable
currencies and renewal(s) thereof shall continue to be placed with DBS Bank to be used to offset
all monies and liabilities owing by you to DBS Bank. In this connection, the existing Charge on
Specific Fixed Deposit(s) dated 20 Jan 2004 executed by you in favour of DBS Bank shall continue to
apply.(i)
    
    Financial Covenants
 (i)
    
    Your Company shall at all times maintain a minimum net worth of not less than S$10,000,000/-.
In this connection, net worth shall be defined as the sum of paid-up capital, revenue reserve and
capital reserve.
 DBS Bank Ltd
    
    Tel: 65.67671555DBS Business Centre (North) Enterprise Banking
    
    Fax: 65.67642725900 South Woodlands Drive #05-01
    
    Telex: RS 24455Woodlands Civic Centre
    
    SWIFT Dest: DBSSSGSGSingapore 730900
    
    www.dbs.com
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(ii)
    
    Your company shall maintain a gearing ratio (defined as total liabilities over shareholders
funds including shareholders loans, if any) of not more than 250% at all times.(iii)
    
    Your Company shall not create any charge, mortgage, pledge or lien in respect of any of your
properties and assets nor factor or assign any of your account receivables, save for the equipment
financed under the Hire Purchase agreements, without the prior consent of DBS Bank in writing, such
consent not to be unreasonably withheld.
 (j)
    
    Pre-Condition for DisbursementUpon completion of legal documentation as required by DBS Bank.(k)
    
    DisbursementTerm Loans IV and V shall be available for progressive drawdown against documents acceptable to DBS
Bank.(I)
    
    Right of ReviewIn conformity with normal banking practice, DBS Bank reserves the right to review the banking
facilities from time to time at its discretion. Upon the review of the facilities, DBS Bank shall
have the right to vary, reduce, or terminate the facilities (whether actual or contingent).(m)
    
    Standard ConditionsThe attached Standard Conditions governing Singapore Dollar and/or Non-Singapore Dollar Credit
Facilities granted by DBS Bank shall apply.
    DBS Bank Ltd
    
    Tel: 65.67671555DBS Business Centre (North) Enterprise Banking
    
    Fax: 65.6764 2725900 South Woodlands Drive #05-01
    
    Telex: RS 24455Woodlands Civic Centre
    
    SWIFT Dest: DBSSSGSGSingapore 730900
    
    www.dbs.com
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/s/
Loi Kai
Cheow
   /s/ Yong Siew Wai

Authorised Signatory(ies) Yong Siew Wai(Companys stamp to be affixed if required)Date:
 DBS Bank Ltd
    
    Tel: 65.6767,1555DBS Business Centre (North) Enterprise Banking
    
    Fax: 65.6764 2725900 South Woodlands Drive #05-01
    
    Telex: RS 24455Woodlands Civic Centre
    
    SWIFT Dest: DBSSSGSGSingapore 730900
    
    www.dbs.com
 5