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) 

 
	
 


 
	
 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

 	
  

 	
  

 










	
  

 	
  

 
	
 Atlantic Components Limited 

 	
 Our
 Ref: P/HIHI4/00901/07

 
	
 


 



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:


	
  

 	
  

 
	
 

 	
  

 
	
 


 	
  

 
	
 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

 	
  

 
	
  

 
	
 

 	
  

 
	
 


 	
  

 
	
 Authorised Signature 

 	
  

 
	
  

 	
  

 
	
 Signature
of Witness: 

 	
  

 
	
  

 	
  

 
	
 


 	
  

 
	
 Name of Witness:

 	
  

 
	
 Hong Kong Identification /
 Passport No:

 	
  

 



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