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:




	
 


	



	



	
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


	
 


	



	






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