Document:

Exhibit 10.5

	
 

	
 

	
Date :

	
17th April 2008 

	
 

	
 

	
Our ref : 

	
OCC/MM/Team 8/BTB

CONFIDENTIAL

Atlantic Components Limited

B24-B27, 1/F, Block B,

Proficient Industrial Centre,

6 Wang Kwun Road,

Kowloon Bay, Kowloon,

Hong Kong.

Attn:
Mr. Yang Chung Lun

Dear Sirs,

BANKING FACILITIES

We, Standard Chartered Bank
(Hong Kong) Limited, refer to our letter dated 28th December 2007 setting out
the facilities made available to the Customer(s) below.

CUSTOMER(S):

Atlantic Components Limited

Following our recent
discussions, we are pleased to confirm that the terms of the facilities will be
varied as follows:

	
 

	
 

	
B.

	
FACILITY
 LIMITS:

	
 

	
 

	
 

	
(1)
 General Banking Facilities

The entire section under
this heading will be revised to read as follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Type(s) of
 Facility

	
 

	
Facility Limit(s)

	
 

	
Designated
 Customer(s) and Sub-limit(s), if applicable

	

	

	

	

	

	

	

	
1.

	
Current Account Overdraft

	
 

	
HKD1,000,000.-

	
 

	
•

	
The Customer

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2.

	
Trade Finance

 (Please refer to Appendix 1 for

 product details.)

	
 

	
HKD24,000,000.-

	
 

	
—

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(a) Trade Finance Group All

	
 

	
 

	
 

	
•

	
The Customer
 (HKD24,000,000.-)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(b) Trade Finance Group 1

	
 

	
 

	
 

	
•

	
The Customer
 (HKD24,000,000.-)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(c) Trade Finance Group 2

	
 

	
 

	
 

	
•

	
The Customer
 (HKD24,000,000.-)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(d) Trade Finance Group 3

	
 

	
 

	
 

	
•

	
The Customer (HKD24,000,000.-)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
3.

	
Factoring

	
 

	
HKD24,000,000.-

 (being FIU Limit)

	
 

	
•

	
The Customer

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
Total
 Facility Limit:

	
 

	
HKD49,000,000.- 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

Standard Chartered Bank (Hong
Kong) Limited

Wholesale Bank

Credit Risk Control

11th Floor Standard Chartered
Tower

388 Kwun Tong Road Kwun
Tong Hong Kong

	
 

	
 

	
Atlantic
 Components Limited

	
Page 2

Notes:

	
 

	
 

	
•

	
Unutilized portion of
 Facility 1 can be earmarked for Facility 2 but not vice versa.

	
 

	
 

	
•

	
The aggregate amounts
 outstanding under all Sub-limits shall not at any time exceed the Facility
 Limit to which the Sub-limits relate and the aggregate amounts outstanding
 under all Facilities shall not at any time exceed the Total Facility Limit.

	
 

	
 

	
E.

	
COVENANTS AND
 UNDERTAKINGS:

The following item under this
section will be revised to read as follows:

The Customer undertakes to
the Bank that it will:

	
 

	
 

	
1.

	
procure that the security
 position of its existing lenders will not be improved and all new lenders
 will be on pari-passu or no better security position than the Bank.

	
 

	
 

	
G.

	
OTHER
 TERMS AND CONDITIONS:

The following item under this
section will be revised to read as follows:

	
 

	
 

	
6.

	
The Customer acknowledges
 the following:

	
 

	
 

	
 

	
 

	
(a)

	
The Customer has received
 and read the Bank’s Notice to Customers and Other Individuals relating to the
 Personal Data (Privacy) Ordinance and the Code of Practice on Consumer Credit
 Data; and

	
 

	
 

	
 

	
 

	
(b)

	
The Customer has, or will,
 notify each of its Relevant Individuals, the Bank may, in the course of
 providing banking services to the Customer, receive Customer information in
 respect of that Relevant Individual.

	
 

	
 

	
 

	
 

	
For the purpose of the
 above, a “Relevant Individual” is defined as being one of the following (but
 not limited to) Chief Executive Officer, Chief Financial Officer, Chief
 Operating Officer, department heads, corporate officers (e.g. authorized
 signatories, company secretary etc.), directors, major shareholders,
 beneficial owners, and guarantors (where applicable).

A handling fee of HKD3,000.-
will be payable upon our receipt of your acceptance of this letter.

The variation(s) set out
above will take effect when we have received:

	
 

	
 

	
•

	
the enclosed copy of this
letter signed by a director on behalf of the Customer(s). 

	
 

	
 

	
Atlantic
 Components Limited

	
Page 3

Please sign the enclosed copy
of this letter and return it to the Bank’s Credit Risk Control at 11th Floor,
Standard Chartered Tower, 388 Kwun Tong Road, Kwun Tong, Kowloon, for the
attention of Ms. Donna Chan within one month after the date of this letter,
after which this offer of variation(s) will lapse. When the variations take
effect, this letter will amend the terms of the existing facility letter which
the Bank has issued to the Customer(s), as set out above. In all other
respects, the terms of the existing facility letter will remain in full force
and effect. This letter will be governed by the laws of Hong Kong SAR.

We enclose a set of documents
which should also be completed and returned to the Bank at the above mentioned
address. If you have any queries regarding the completion of the required
documents, please contact our Ms. Donna Chan, whose telephone number is
2282-6313. With regard to banking arrangements, you can contact our
Relationship Manager Mr. Fred Ho, whose telephone number is 2821-1086.

We are pleased to be of service
to you and take this opportunity to thank you again for your custom.

Yours faithfully,

For and on behalf of

STANDARD CHARTERED BANK (HONG KONG) LIMITED

	
 

	
 

	
 

	

	
 

	

	

	
 

	

	
Stephen Wong

 Senior Credit Documentation Manager

	
 

	
Sophia Lau

 Manager, Credit Risk Control

SL/SW/DCH

Encl.

Agreed.

For and on behalf of

ATLANTIC COMPONENTS LIMITED

	
 

	

	

	
Director

Each of the undersigned
hereby acknowledge the terms of this facility letter and confirm that their
respective obligations under each guarantee and security document (as
applicable) that they have executed in favour of the Bank will continue in full
force and are not and will not be affected, discharged or varied by the
execution of this facility letter.

For and on behalf of

SYSTEMATIC INFORMATION LIMITED

	
 

	

	

	
 

	
 

	
Atlantic Components Limited

	
Page 4

For and on behalf of

SOLUTION SEMICONDUCTOR (CHINA) LIMITED

	
 

	

	

	
 

	

	

	
YANG CHUNG LUNExhibit 10.6 

Private and
Confidential  

Date: 17th
April, 2008 

Our Ref:
UCA-F-2008-0822 

M/s. Atlantic
Components Limited

Flat 24-27, 1/F., Block B,

Proficient Industrial Centre,

6 Wang Kwun Road,

Kowloon Bay,

Kowloon. 

Dear Sirs, 

Banking Facilities 

With reference
to our recent discussions, we, Industrial and Commercial Bank of China (Asia)
Limited (the “Bank”), are pleased to offer the following banking facilities to
you (the “Borrower”), subject to the terms and conditions outlined below, the
Bank’s General Agreement - General Banking Facilities (Form No.
110-1104C/0709/GH) and other agreements, availability of funds, periodic
review, amendments and withdrawal at our sole and absolute discretion. You are
advised to read and understand the terms and conditions, and seek independent
legal advice, before accepting this Facility Letter. 

	
 

	
 

	
 

	
1.

	
FACILITIES 

	
 

	
 

	
 

	
The
 facilities are available in the following forms up to the maximum amount
 specified below: 

	
 

	
 

	
 

	
 

	
Facility (a) 

	
 

	
 

	
 

	
 

	
 

	
Invoice
 Trust 

 Receipts (ITR) 

 for 45 days 

	
To the
 extent of HKD12,500,000.00 (Hong Kong Dollars Twelve Million Five Hundred
 Thousand Only).

	
 

	
 

	
 

	
 

	
Interest
 Rate

	
For bills in
 foreign currencies, at 0.5% p.a. below Best Lending Rate of that foreign
 currency as determined by us
 from time to time. For bills in Hong Kong Dollars, at 0.5% p.a. below Hong
 Kong Dollar Best Lending Rate as determined by us from time to time or 3%
 p.a. over Hong Kong Inter Bank Offered Rate (HIBOR), whichever is higher.
 Such Interest Rate is subject to fluctuation and amendment at our discretion.
 Interest payable will be calculated on the basis of actual number of days
 elapsed and a 365-day year (including leap years) for Hong Kong Dollars and
 Great Britain Pounds/sterling or a 360-day year for other currencies.

1/7

Industrial and
Commercial Bank of China (Asia) Limited 33/F., ICBC Tower, 3 Garden Road,
Central, Hong kong. Tel: 2588 1188 Fax: 2805 1166 

Private and Confidential 

Date: 17th
April, 2008 

Our Ref:
UCA-F-2008-0822 

	
 

	
 

	
 

	
 

	
 

	
Commission

	
 

	
At 1/4% flat
 on the first USD50,000.00 or its equivalent in other currency, and at 1/16%
 flat on balance in excess of USD50,000.00.

	
 

	
 

	
 

	
 

	
 

	
Repayment

	
 

	
On demand.

	
 

	
 

	
 

	
 

	
 

	
Conditions

	
 

	
A.     Documents
 required:

	
 

	
 

	
 

	
 

	
         1)     Certified
 Invoice copy

	
 

	
 

	
 

	
 

	
         2)     Application
 for TR loan

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
B.     Restricted
 suppliers:

	
 

	
 

	
 

	
 

	
         1)     Samsung
 Electronics Hongkong Company Limited

	
 

	
 

	
 

	
 

	
         2)     Tomen Devices Corporation Hong Kong
 Branch

	
 

	
 

	
 

	
 

	
 

	
Facility (b) 

	
 

	
 

	
 

	
 

	
All existing
 facilities and modifications thereto, other facilities and other liabilities
 of whatsoever nature, whether contingent or actual, existing or in the
 future, quantified or not, alone or with others, as principal or surety, or
 otherwise, may be granted or incurred at our discretion.

	
 

	
 

	
 

	
 

	
2.

	
AVAILABILITY AND REPAYMENT ON DEMAND

	
 

	
The
 availability of the facilities is subject to your execution of all required
 documents in form and substance satisfactory to us. In addition, the above
 facilities are subject to our periodic review, and it is expressly agreed
 that the facilities will at all times be available at the sole and absolute
 discretion of the Bank. Notwithstanding any other provisions contained in
 this Facility Letter or in any other documents, we reserve the overriding
 right at any time to demand immediate repayment and/or cash collateralisation
 of all or any part of the Borrower’s outstanding indebtedness, liabilities
 and obligations under or in connection with the facilities, whether actual or
 contingent, primary or collateral, existing or in the future, matured or not.
 The Borrower shall duly comply with each such demand.

2/7 

Industrial and Commercial Bank of China (Asia) Limited 33/F., ICBC Tower, 3
Garden Road, Central, Hong Kong. Tel: 2588 1188 Fax: 2805 1166 

Private and Confidential 

Date: 17th
April, 2008 

Our Ref:
UCA-F-2008-0822 

	
 

	
 

	
3.

	
DEFAULT INTEREST

	
 

	
 

	
Any amount
 outstanding under this Facility Letter which is unpaid on the due date or
 exceeds the permitted facility amount shall bear interest at the Bank’s then
 prevailing overdue or over limit interest rate, and may be compounded monthly
 or at such other intervals as the Bank determines. The Bank may, without
 prejudice to its other rights, increase the interest rate on the entire
 amount outstanding under this Facility Letter automatically (without prior
 notice) as soon as and if any amount becomes overdue notwithstanding anything
 to the contrary contained in any other documents or security deeds.

	
 

	
 

	
4.

	
SECURITY

	
 

	
 

	
The
 facilities are granted against the following securities (the “Securities”):

	
 

	
 

	
(a)

	
Fixed
 deposit placed with us for not less than HKD5,000,000.00 or its equivalent in
 a foreign currency acceptable to the Bank in name of Borrower to be charged
 to us and registered.

	
 

	
 

	
(b)

	
A fresh
 continuing Personal Guarantee from Mr. Yang Chung Lun (“Guarantor(s)”) in our
 favour for an unlimited amount.

	
 

	
 

	
(c)

	
Any other
 security as may be required by us from time to time.

	
 

	
 

	
5.

	
UNDERTAKINGS

	
 

	
5.1

	
The Borrower
 at all times shall provide any other documents as may reasonably be requested
 by the Bank from time to time.

	
 

	
 

	
5.2

	
The
 Borrower’s failure for any reason whatsoever to comply with any of the
 aforesaid undertakings constitutes an event of default and all amounts
 (actual or contingent, existing or in the future) due or owing by the
 Borrower shall, without any demand, become immediately due and payable unless
 a waiver in writing is given by us.

	
 

	
 

	
6.

	
CONSOLIDATION OF FACILITIES
 & SECURITIES

	
 

	
6.1

	
The
 Borrower/Guarantor hereby jointly and severally acknowledges that the
 facilities herein described shall be granted in addition to other facilities
 which the Bank may have granted or may in the future grant to the Borrower
 above or jointly with other parties (hereinafter collectively called “the
 Facilities”)

3/7 

Industrial and
Commercial Bank of China (Asia)
Limited 33/F., ICBC Tower,
3 Garden Road, Central, Hong Kong. Tel: 2588 1188 Fax: 2805 1166 

Private and Confidential 

Date: 17th
April, 2008 

Our Ref:
UCA-F-2008-0822

	
 

	
 

	
6.2

	
The Borrower/Guarantor
 hereby jointly and severally acknowledges that the security herein described
 shall be given in addition to other securities which the Bank may have
 received or may in the future received from any parties who may or may not be
 a party or parties in this Facility Letter. 

	
 

	
 

	
6.3

	
The Bank may
 without notice to the Borrower/Guarantor treat the Facilities as being
 integrated or consolidate the Facilities in such manner as the Bank may deem
 fit at the Bank’s discretion.

	
 

	
 

	
6.4

	
The
 Securities shall at all times be treated as consolidated or collateralised to
 the extent that the Securities may or shall be treated as securities for the
 Facilities. 

	
 

	
 

	
7.

	
OTHER TERMS AND CONDITIONS 

	
 

	
 

	
7.1

	
Pursuant to
 the Deposit Protection Scheme Ordinance (Cap.581), the security described in
 clause 4(a) is not a protected
 deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
 The Borrower hereby jointly and severally acknowledge(s) that they have
 received notice from the Bank and understand that the security described in
 clause 4(a) is not a protected deposit and is not protected by the Deposit
 Protection Scheme in Hong Kong pursuant to the Deposit Protection Scheme
 Ordinance (Cap.581). For the avoidance of doubt, this clause is without
 prejudice to all the rights, powers and remedies available to the Bank
 hereunder. 

	
 

	
 

	
7.2

	
All costs,
 expenses and charges including legal fees and other out-of-pocket expenses
 are to be borne by you. A facility fee of HKD6,000.00 for the subject
 facilities shall be payable upon your acceptance of this Facility Letter. All
 fees paid are non-refundable whether or not any facility is drawn down or
 used. 

	
 

	
 

	
7.3

	
Our
 certificate as to a rate or any amount owing from you to us is, except for
 manifest error, conclusive and binding on you. 

	
 

	
 

	
7.4

	
If any sum
 is payable by you but unpaid, the Bank may, without prior notice, combine all
 or any of your accounts anywhere with the Bank whether held singly or jointly
 with others and all your liabilities (whether actual or contingent, primary
 or collateral, future or existing, alone or jointly with others, matured or
 not). For such purpose, the Bank may convert any currency into another
 currency at the Bank’s spot rate, treat future liabilities as presently due
 after a discount by the Bank to present value in a commercially reasonable
 manner, and reasonably estimate the amounts of contingent or unquantified
 liabilities. This is not intended to create a security interest. 

4/7 

Industrial and
Commercial Bank of China (Asia) Limited 33/F., ICBC Tower, 3 Garden Road, Central,
Hong Kong. Tel: 2588 1188 Fax: 2805 1166 

Private and Confidential 

Date: 17th
April, 2008 

Our Ref:
UCA-F-2008-0822 

	
 

	
 

	
7.5

	
The Bank
 shall be entitled to employ debt collecting agents to collect any sum due but
 unpaid by the Borrower under the facilities. The Borrower agrees and
 acknowledges that the Borrower has been warned, that the Borrower shall
 indemnify the Bank against all reasonable costs and expenses which the Bank
 may reasonably incur in the employment of debt collecting agents. 

	
 

	
 

	
8.

	
GOVERNING
 LAW

	
 

	
This
 Facility Letter shall be governed by and construed in accordance with the
 laws of the Hong Kong Special Administrative Region and the Borrower agrees
 to submit to the non-exclusive jurisdiction of the Courts of the Hong Kong
 Special Administrative Region.

By accepting
this Facility Letter, you hereby give consent to Bank that: for as long as
there are banking facilities available to you or there are outstandings owed to
the Bank by you, (a) the Bank may provide the guarantors and third party
security providers with copies of your application(s) for the facilities,
facility letters, latest statement of account (if any), other financial
information and demand letters; and (b) we are authorized to contact all
relevant parties for verification purposes and to disclose any information
about you/the guarantors/third party security providers to any third parties
for the purposes of exchanging credit information, debt collection and/or any other
reasonable purposes. You shall as soon as possible notify us in writing of any
change of information provided to us and any difficulty you may have in
repaying or servicing outstanding interest and/or principal. We may transfer
our rights and obligations and disclose your information to any person
proposing to enter into any contract with us or as required by law or any order
or requirement of any court or regulatory authority. 

5/7

Industrial and
Commercial Bank of China (Asia) Limited 33/F., ICBC Tower, 3 Garden Road,
Central, Hong Kong. Tel: 2588 1188 Fax: 2805 1166

Private and Confidential 

Date: 17th
April, 2008 

Our Ref:
UCA-F-2008-0822 

The Hong Kong
Monetary Authority has issued a supervisory guideline in relation to Commercial
Credit Reference Agency (“CCRA”) requiring banks to collect and share credit
data of Borrower to be made available to designated CCRA. In this connection,
by signing and returning to us a copy of this facility letter, the Borrower
hereby expressly consents the Bank, in its absolute discretion, to access use
collect supply furnish or divulge either in writing or otherwise such credit
information relating to the Borrower known to or experienced by the Bank to
licensed banks, merchant banks, deposit taking companies and other finance
bodies or any credit reference agencies or similar organization in connection
with the lawful business of such persons including but not limited to the
provisions of credit, credit review, credit scoring or matching. Without prejudice
to the foregoing, the Borrower, the Guarantor or if applicable each of their
respective officers (any of the foregoing being referred to as a “Data
Provider”) hereby agrees that any commercial personal and account data
supplied from time to time to the Bank whether by the Data Provider or by a
third party pursuant to or in connection with this Facility or any related
documents or transactions may be used by the Bank in connection with the
administration of this Facility and in relation to the purposes and disclosed
to the persons as stated in the Circular to Customers and Other Individuals
relating to the Personal Data (Privacy) Ordinance.

Please note that Section 83
of the Banking Ordinance has imposed on us as a bank certain limitations on
advances to persons related to our directors and employees. In acknowledging
this Facility Letter, you confirm to us that you are not in any way related to
any of our directors or employees within the meaning of Section 83. You
undertake to advise us promptly in writing if you become so related subsequent
to this date. 

Please signify
your agreement and acceptance of this offer by signing and returning the
duplicate of this Facility Letter on or before 15th May, 2008,
failing which this offer will automatically lapse unless extended by us. 

We are pleased
to be of service to you.

Yours
faithfully, 

For Industrial and Commercial Bank of China
(Asia) Limited 

(Authorised
Signatures) 

6/7 

(ILLEGIBLE)

Private and Confidential 

Date: 17th
April, 2008 

Our Ref: UCA-F-2008-0822

The Borrower
hereby confirms that the Borrower understands the above terms and conditions
and agrees to accept and abide by them: 

	
 

	

	
for M/s.
 Atlantic Components Limited

	
Date:

The Guarantor
hereby confirms my understanding of the contents of this Facility Letter and
agrees to obtain independent professional advice in good time prior to the
execution of the guarantee: 

	
 

	

	
Mr. Yang
 Chung Lun

	
Date:

7/7 

(ILLEGIBLE)

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