Document:

Exhibit 10.12

	
 

	
Date: 14 May 2007

	
 

	
Our ref: P/HIHI4/00413/07

	
 

	
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 December
2006 together with the “Terms and
Conditions Governing Banking Facilities and Services” attached therein setting out the facilities made available to you
(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 variation 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)

	

	

	

	
10.

	
Instalment Loan (III)

	
HKD6,380,000.- 

PRICING AND CONDITIONS:

	
 

	
 

	
Installment Loan

	
Purpose: to settle the Installment Loan outstanding
 under loan No 7901750960 of Systematic
 Information Limited with the Bank.

	
 

	
 

	
 

	
Interest: 2.5% 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 197 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 all accrued interest are repaid in full. 

	
 

	
 

	
 

	
 

	
 

	
DBS Bank (Hong Kong) Limited

	
 

	
Tel
 852 221 8 8598 

	
 

	
Enterprise Banking

	
 

	
Fax
 852 2285 3628

	
 

	
16th Floor, The Center

	
 

	
www.dbs.com

	
 

	
99 Queen’s Road Central

	
 

	
 

	
 

	
Central, Hong Kong

	
 

	
 

	
 

	
 

	
Atlantic
Components Limited 

	
Our Ref: P/HIHI4/00413/07 

	

	

	
 

	
 

	
 

	
 

	
Note: The actual number of instalments may be
 adjusted at the Bank’s discretion
 up to the remaining loan tenor of existing Loan No. 7901750960 of
 Systematic Information Limited with the Bank.

	
 

	
 

	
 

	
Prepayment:

	
 

	
 

	
 

	
•

	
one month prior written notice.
 

	
 

	
 

	
 

	
•

	
if full prepayment is not on an
 installment due date, interest
 shall be calculated and payable up to upcoming
 installment due date.

	
 

	
 

	
 

	
 •

	
Prepayment Fee. A fee will
 apply for a prepayment during the stipulated period after drawdown:

	
 

	
 

	
 

	
 

	
Fee on Full Prepayment

	
 

	
 

	
 

	
 

	
Within 1st year: 1% of amount
 prepaid

	
 

	
 

	
 

	
 

	
Fee on Partial Prepayment

	
 

	
 

	
 

	
 

	
Within 1st year: 1% of amount
 prepaid

SECURITY AND CONDITIONS PRECEDENT:

Item (4) under the above heading
of the Existing Facility Letter, detail shown below, will be released:

	
 

	
 

	
4.

	
All monies Second Legal
 Charge/Mortgage over the property at S.S. 155 of S.A. of Lot No. 1945 in D.D. 7, Hong Lok Yuen, Tai Po, New Territories and an
assignment of
 insurance policy in respect of the above property duly executed by and
 in the name of Systematic Information Limited.

An additional documentation
itemised as (14) under the above heading of the Existing Facility Letter, in form and substance satisfactory to the Bank is
required:

	
 

	
 

	
14.

	
All monies First Legal
 Charge/Mortgage over the property at House No 76, 5th Street, Sub-Section
 155 of Section A of Lot No. 1945 in D.D. 7, Hong Lok Yuen, Tai Po, New Territories and an assignment of
 insurance policy in respect of the above property duly executed by and in the name of the Borrower.

A handling fee of HKD2,000.- 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.

2

	
 

	
 

	
Atlantic
Components Limited 

	
Our Ref: P/HIHI4/00413/07

	

	

          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

	
 

	
 

	

	
 

	

	
                Authorized
Signature(s) 

	
 

	
 

	
Signature of Witness:

	
 

	
 

	
 

	
 

	

	
Name of Witness:

	
Hong Kong Identification /
 Passport No:

3Exhibit
10.13

Date: 11 September 2007

Our ref: P/HIHI4/00413/07(A)

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 letter dated 14 May 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 variation until
further notice:

Terms
and Conditions Governing Factoring Facilities and Services

The following terms and conditions apply for the
Factoring Facilities as mentioned under the above heading of the
Existing Facility Letter will be revised to read as follows:-

	
 

	
 

	
Nature of the Factoring
Facilities 

	
Disclosed and Recourse/
Non-recourse  

	

	

	
Service Charge

	
Recourse Factoring – 0.15% of invoiced amount 

	
 

	
 

	
 

	
Non-recourse Factoring –
 0.35% of invoiced amount

In addition to the existing
terms and conditions apply for the Factoring Facilities, the following terms is
added:

Credit Risk Cover Applied: Credit risk cover will be taken out by the Bank with a correspondent factor
or a credit insurer in the Bank’s name for non-recourse factoring facility
subject to the terms of credit risk cover stipulated by the correspondent
factor or the credit insurer.

          If
you have any queries, please contact Mr Jimmy Ng, whose telephone number is
2218-4834.

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
DBS
Bank (Hong Kong) Limited 

	
  

	
Tel 852 2218 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/HIHI4/00413/07(A)

	

	

          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

2Exhibit 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:

 	
  

 

2

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