EXHIBIT 10.94 KPMG PEAT MARWICK Certified public Accountants Office address Mail address Telephone (65) 2707411 16 Raffles Quay #22-00 P.O. Box 448 Telefax (65) 2250984 Hong Leong Building Robinson Road Singapore 048581 Singapore 900848 Microelectronic Packaging (S) Pte Ltd Our Ref MNNBC/BY/GCG 1003 Bukit Merah Central #04-01 Singapore 159836 Contact Mr Bob Yap DID 3210678 ATTENTION: MR PAK JEE FOOK DIRECTOR 10 July 1997 Dear Sirs MICROELECTRONIC PACKAGING (S) PTE LTD APPOINTMENT OF RECEIVERS AND MANAGERS In accordance with the provisions of Section 223 of the Companies Act. Cap. 50, I hereby notify you that I have been appointed as Receivers and Managers of your company in accordance with the provisions of the Deed of Debenture dated 27 November 1984 as varied by Supplementary Deed 24 April 1985 and a further Deed of Debenture dated 10 June 1986 as varied by 8 Supplementary Deeds dated 16-7-87, 20-2-89, 24-8-90, 4-6-92, 30-10-93, 11-1-94, 1-12-94 and 21-8-96 entered into between your company and The Development Bank of Singapore Limited. I would like to draw your attention to the provisions of Section 222(1) of the Act and request that you must comply with the provisions as set out in that sub-section. For the purpose of your reference, the provisions of that sub-section are quoted as follows:- " Where a Receiver or Manager of the property of a corporation has been appointed, every invoice order for goods or business letter issued by or on behalf of the corporation or the Receiver or Manager or the Liquidator of the corporation, being a document on or in which the name of the corporation appears, shall contain a statement immediately following the name of the corporation that a Receiver or Manager has been appointed." In accordance with the provisions of Section 223(1)(b), you are required to make out and submit to us a Statement of Affairs in the prescribed form, showing details of the company's assets and liabilities, within fourteen days. This Statement should be prepared in accordance with the provisions of Section 224 of the Act. If you are unable to comply with the timetable or require assistance, please advise me accordingly. KPMG Peat Marwick Page 2 Your authority to deal with the company's assets or liabilities now cease unless otherwise instructed by me. I may require your assistance in regard to realising the assets and other company matters and I am sure I can rely on your co-operation. Yours faithfully Received by me: /s/ MICHAEL NG Michael Ng Partner ----------------- cc The company Secretary