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                                                                   EXHIBIT 10.87

                      SUBCONTRACT MANUFACTURING AGREEMENT
                      -----------------------------------

This is an agreement made on the 29th day of July in the year 1993 between 
Microelectronic Packaging Inc. (herein referred to as MPI) with its corporate 
office at 11065 Roselle Street, San Diego, California 92121 and the Innoventure 
(S) Pte Ltd (herein referred to as Innoventure) with its corporate office at 133
New Bridge Road #17-08 Chinatown Point, Singapore 0105.

RECAPULATION
------------

WHEREAS it is the intention of MPI to sub-contract its pressed ceramic 
production including all cerdips to Innoventure in order to reduce manufacturing
costs verses current Singapore prevailing rates, and to make available existing
MPI Singapore facilities and infrastructure for new products on a timely basis.

WHEREAS it is the intention of Innoventure to set up a factory in Jakarta 
Indonesia, to manufacture pressed ceramic production including all cerdips on 
behalf of mPI for sales exclusively by MPI.

WHEREAS further, MPI and Innoventure have agreed to enter into certain mutual
commitments and to requlate these rights in accordance with such agreements in 
he manner appearing below.

THE PARTIES HERETO AGREE AS FOLLOWS:

1.1) This is a partnership program between MPI and Innoventure to make the
     subcontract manufacturing operation of Innoventure at Jakarta successful
     for both companies, and treat each as if they were partners in a single 
     cooperative venture.

1.2) MPI has technical know how and committed volume requirements for pressed
     ceramic production including cerdips which MPI desires to transfer to
     Innoventure's sub-contract facility in Jakarta.

1.3) Innoventure will set up a factory with appropriate facilities selective
     start up equipment, provide labor, and management to produce required MPI
     pressed ceramic products including cerdips to meet MPI's quality and
     quantity requirements.

1.4) MPI will insure that all of its current pressed ceramic production 
     equipment and cerdip equipment will be made available to Innoventure's sub-
     contract facility, contingent upon availability of funds to finance the one
     third of net book value required by the DBS Bank for release of such
     equipment from Singapore to Innoventure's Jakarta facility.
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Subcontract Manufacturing Agreement
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     However, Innoventure is responsible for capital and any additional 
equipment including replacement beyond what MPI now requires for the current 
level of business.

1.5) MPI will support Innoventure in the start up of the sub-contract operations
     in Jakarta with machinery and equipment, technology, engineering support,
     and a fully paid up license to manufacture pressed ceramic products and
     cerdips using MPI's technology currently available as well as those
     developed fro such manufacturing in the future.

1.6) MPI will provide Innoventure with raw materials and other consumables as 
     required for the start up of production and until a smooth transfer of
     direct purchasing from approved MPI suppliers can be taken over by
     Innoventure. MPI will assure that Innoventure receives all the negotiated
     volume pricing and trade terms from all its suppliers.

1.7) MPI will buy back all of the output scheduled from the sub=contract
     manufacturing agreement and Innoventure agrees to sell to MPI all of the
     output manufactured by Innoventure unless otherwise agreed to in writing
     by MPI.

1.8) Both parties agree to work together to expedite the start up and saving 
     benefits of this sub-contract manufacturing agreement/

THE PARTIES FURTHER AGREE TO THE FOLLOWING FINANCIAL TERMS:

2.1) Innoventure will provide the necessary financing to establish and operate
     the sub-contract manufacturing facility in Jakarta for producing MPI's
     pressed ceramic and cerdip products which is estimated to require
     approximately US $3.5M in equity and another US $3.5M in working capital.

2.2) Innoventure will provide MPI the following payments for technology/license
     fees and prepayment for equipment lease costs:

          a)  US $100,000 by August 31, 1993 to MPI/USA
          b)  US $400,000 by October 31, 1993 to MPI/USA
          c)  US $500,000 by December 31, 1993 to MPI/Singapore

2.3) MPI agrees to have Innoventure obtain full payback of its equity investment
     in this subcontract manufacturing project within five years of project
     start up.  The initial technology/license fee and prepayment for equipment
     lease totaling US $1,000,000 will be included as equity investment for
     purposes of payback.
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Subcontract Manufacturing Agreement
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2.4) During the first five years of this agreement and/or until the equity
     investment by Innoventure is fully repaid by MPI, Innoventure and MPI
     will mutually agree upon a repayment schedule that will assist both
     companies to achieve their financial objectives.  After repayment of
     equity investment, Innoventure and MPI will share 50/50 on all savings
     derived on manufacturing cost transfer from Singapore to Indonesia.

2.5) While it is MPI's responsibility to provide production equipment for the
     transfer of sub-contract manufacturing from Singapore to Indonesia,
     Innoventure will help MPI in satisfying DBS Bank requirements to secure
     the release of equipment necessary to meet planned production build up
     at Jakarta.

2.6) MPI will pay for the products from Innoventure by letter of credit or
     alternatively by telegraphic transfer on a net ten days basis.

2.7) Both parties agree to provide each other financial information on an open
     book basis to insure fair and equitable performance on he financial 
     agreements, herein agreed to between Innoventure and MPI.

2.8) MPI agrees to provide Innoventure colateral in MPI shares and/or other 
     agreed upon legal instruments to provide Innoventure security for the
     initial payments of section 2.2.


THE PARTIES CONFIRM THIS BINDING AGREEMENT:

3.1) Upon approval of this agreement by the Board of Directors of MPI and the
     Board of Directors of Innoventure it shall become binding on both parties.

3.2) Signing of this agreement by representatives of each party listed below
     indicates that they have received all required approvals to execute this
     agreement for their respective companies.

3.3) This overall agreement as written will be the basis for
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     all other necessary legal documents required to fully transact
     details of this subcontract manufacturing agreement.

3.4) This agreement shall be governed by the laws of Singapore.






Sign on behalf of MPI                             Sign on behalf of Innoventure



/s/ TIMOTHY DA SILVA  7/29/93                     /s/ ENG SENG CHEW  7/29/93
---------------------                             ------------------
Timothy da Silva/Date                             Eng Seng CHEW/Date
  President and CEO                                 Vice President and 
                                                     Managing Director