Exhibit 10.21


	
 


	
Our reference
 number : 00106C603


	
 


	
15th
 June, 2007


	
 


	
Private &
 Confidential




	
Atlantic
 Components Ltd.


	
B24-B27, 1/F.,
 Block B, Proficient Industrial Centre


	
6 Wang Kwun Road,
 Kowloon Bay


	
Kowloon


	
 


	
Attn.: Mr. Alan
 Yang


	
 


	
Dear Sirs,








	
 

	
 


	
Re :

	
Credit Facilities
 granted to


	
 

	
Atlantic
 Components Ltd. (the “Borrower”)


	


	






We are pleased to inform you as the Borrower that the credit facilities
(the “Facilities”) currently maintained by you with The Bank of East Asia,
Limited (the “Bank”) have been revised as follows:-


	
 

	
 

	
 

	
 

	
 

	
 


	
(1)

	
L/C + T/R +
 Invoice Financing Loan (IFL) + O/D Limit
(Within which O/D not to exceed
 HK$300,000.-)

	
 

	
HK$18,000,000.-


	
 

	
 

	
 

	
 

	
 

	
 


	
 

	
-

	
for the opening of
 your sight or usance Letters of Credit.

	
 

	
 


	
 

	
 

	
 

	
 

	
 

	
 


	
 

	
-

	
for the
 refinancing of your import bills.

	
 

	
 


	
 

	
 

	
Tenor : 60 days

	
 

	
 


	
 

	
 

	
Interest Rate :

	
 

	
 


	
 

	
 

	
HKD T/R :

	
the Bank’s Best
 Lending Rate or HIBOR; whichever the higher is applicable.

	
 

	
 


	
 

	
 

	
Other currencies
 T/R : at other currencies LIBOR +

                                      1.75%
 p.a.

	
 

	
 


	
 

	
 


	
 

	
-

	
for invoice
 financing of your import bills.

	
 

	
 


	
 

	
 

	
Tenor : 45 days

	
 

	
 


	
 

	
 

	
Interest Rate :

	
 

	
 


	
 

	
 

	
HKD IFL : the
 Bank’s Best Lending Rate or HIBOR; 

                  whichever
 the higher is applicable.

	
 

	
 


	
 

	
 

	
Other currencies
 IFL : at other currencies LIBOR +

                                      1.75%
 p.a.

	
 

	
 





.../2

The Bank of East Asia,
Limited

31st Floor, BEA Tower, Millennium City 5, 418 Kwun Tong Road, Kwun Tong,
Kowloon, Hong Kong

Telephone (852) 3608 6888 Facsimile (852) 3608 6000 Telex HX 73017

www.hkbea.com






Page 4


Atlantic Components Ltd.


This offer must be accepted within one month from the date hereof,
after which, it shall automatically lapse unless extended. Please indicate your
acceptance of the aforementioned terms by signing and returning the enclosed
duplicate of this letter to Mr. Marco Hoo of our Commercial Lending Department
at 38th Floor, BEA Tower, Millennium City 5, 418 Kwun Tong Road,
Kwun Tong, Kowloon on or before 14th July, 2007 together with a
certified true copy of the resolution of your board of directors accepting the
terms of this letter and the Facilities. A credit review fee of HK$5,000.- will
be debited to your current account accordingly.


The credit facilities will be subject to review in May, 2008 and a
review fee may be collected upon its renewal.


Any reference to the Bank in this Facility Letter and security
documents shall be construed as a reference to all branches and offices of the
Bank, wheresoever located.


Notwithstanding anything contained in this letter, the Facilities are
subject to the Bank’s overriding right of repayment on demand, to review,
amend and/or cancel any or all of the said Facilities at its sole discretion.
Moreover, this letter, when accepted by you, will supersede and cancel all of
our previous offers of credit facilities.


We hope that you will make active use of these Facilities and we assure
you of our best service at all times.


Should you have any query to this letter, please feel free to contact
Mr. Marco Hoo at 3608 1017.



	
 


	
Yours faithfully,


	
For and on behalf
 of


	
The Bank of East
 Asia, Limited


	
 


	



	
HO Ngar Yee


	
Credit
 Administration Manager


	
 


	
Trade and Loan
 Services Department


	
Operations Support
 Division













	
 


	



	
LAM Choi Ling


	
Credit
 Administration Manager









.../5

The Bank of East Asia,
Limited

31st Floor, BEA Tower, Millennium City 5, 418 Kwun Tong Road, Kwun Tong,
Kowloon, Hong Kong

Telephone (852) 3608 6888 Facsimile (852) 3608 6000 Telex HX 73017

www.hkbea.com






Page 5 


Atlantic Components Ltd.


The Borrower


We hereby agree to and accept all the above terms and conditions. 


For and on behalf of 

Atlantic Components Ltd. 


	
 

	
 

	
 


	


	
 


	


	
 


	
Authorized Signature(s)
[with company chop and authorised signature(s)]

Date: 

	
 





The Guarantor 


I hereby acknowledge and accept all the above terms and conditions. 


	
 

	
 


	
       

	
 


	


	
 


	
Yang Chung Lun 

 [HKID No.: G664732(3)]

 Date: 

	
 





The Bank
of East Asia, Limited 

31st Floor, BEA Tower, Millennium City 5, 418 Kwun Tong Road, Kwun Tong,
Kowloon, Hong Kong
Telephone (852) 3608 6888 Facsimile (852) 3608 6000 Telex HX 73017

www.hkbea.com