exhibit 10. 10 assignment agreement know all persons by these presents : that, on this 7th day of july, 2005, american telecom services, inc. ( the “ client ” ) with offices at 2466 peck road, city of industry, california 90601, for good and valuable consideration paid to and acknowledged by gain star international limited ( the “ supplier ” ) with offices at 20 / f, the sun ’ s group centre, 200 gloucester road, hong kong, does hereby irrevocably assign and transfer to supplier, a percentage as described below of the net amounts ( “ supplier ’ s share ” ) due or otherwise made available to client under the factoring agreement attributable to factor ’ s purchase price obligation to client for accounts traceable to the sale of inventory sold by supplier to client ( the “ supplier goods ” ), under the factoring agreement between client and the cit group / commercial services, inc., with address at 300 s. grand avenue, 12th floor, los angeles, california 90071 ( herein the “ factor ” ), dated, and any amendments, supplements, modifications, extensions and renewals thereof ( herein the “ factoring agreement ” ). payment of supplier ’ s share shall be made to supplier ’ s account located at the hong kong and shanghai banking corporation limited, tsimshatsui branch, with offices at 82 - 84 nathan road, tsimshatsui, hong kong, account number 636 - 393373 - 274 ( usd ) ; 636 - 393373 - 001 ( hkd ), by wire transfer instructions provided to factor by supplier. supplier ’ s share includes amounts payable by factor to client for factor risk accounts traceable to sales of the supplier goods not paid by a customer due solely to such customer ’ s financial inability to pay. this assignment and transfer is made to the supplier, its successors, endorsers or assigns, to assure the payment of any and all liabilities and obligations of client to the supplier, and any claims of the supplier against client, whether now existing or thereafter incurred, and whether absolute or contingent, secured or unsecured, matured or unmatured ( all of the foregoing being herein called “ obligations ” ). the factor is hereby authorized and directed to : remit supplier ’ s share when due and payable under the factoring agreement ( subject to all of factor ’ s rights under the