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                                                                   EXHIBIT 10.47

                                BRIGHTSTAR CORP.

                     AUDIT AND COMPLIANCE COMMITTEE CHARTER

PURPOSE

The main function of the Audit and Compliance Committee (the "Audit Committee")
of the Board of Directors (the "Board") of Brightstar Corp. ("Brightstar") is to
oversee Brightstar's accounting and financial reporting processes, internal
systems of control, independent auditor relationships and audits of Brightstar's
consolidated financial statements. The Audit Committee is also responsible for
determining the appointment of Brightstar's independent auditors and any change
in that appointment, and for ensuring the auditors' independence.

In carrying out Audit Committee functions, the Audit Committee must maintain
free and open communication with Brightstar's independent auditors and
Brightstar's management.

APPOINTMENT AND MEMBERSHIP REQUIREMENTS

The Audit Committee shall be made up of at least three (3) independent members
of the Board. Audit Committee members are appointed by the Board upon
recommendation of the Nominating and Governance Committee of the Board. The
Board decides the Audit Committee's exact number and can at any time remove or
replace an Audit Committee member. The Board will also make all determinations
regarding satisfaction of the membership requirements described below.

The Audit Committee will comply with all applicable provisions of the
Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act") and the rules and
regulations of the Securities and Exchange Commission (the "SEC") and The Nasdaq
Stock Market ("Nasdaq"), including those related to independence.

At least one (1) member of the Audit Committee must have past employment
experience in finance or accounting, or comparable experience or background
which results in financial sophistication. Having been a CEO, CFO or other
senior officer with financial oversight, responsibilities, for instance, would
qualify a member of the Audit Committee.

Each member of the Audit Committee must be able to read and understand
fundamental financial statements, including Brightstar's balance sheet, income
statement and cash flow statement.

RESPONSIBILITIES

The Audit Committee's main responsibility is to oversee Brightstar's financial
reporting process (including Brightstar's systems of internal controls) and
report the Audit Committee's findings to the Board. The Audit Committee believes
that Brightstar's policies and procedures should remain flexible in order to
best react to changing conditions and circumstances. The following list includes
the Audit Committee's main recurring processes in carrying out its
responsibilities. This list is intended as a guide, with the understanding that
the Audit Committee can supplement it as appropriate, consistent with the
requirements of the SEC and Nasdaq.

   1) HIRING AND SELECTION OF AUDITORS. The Audit Committee will directly
   appoint, retain and compensate Brightstar's independent auditors. These
   independent auditors will report directly to, and be responsible to, the
   Audit Committee.

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   2) APPROVAL OF AUDIT AND NON-AUDIT SERVICES. The Audit Committee will decide
   what services will be performed by the independent auditors and approve in
   advance all the services they provide. However, pre-approval is not required
   for services other than audit, review or attest services if:

        1.  The total amount of all these services provided to Brightstar is
            less than or equal to [FIVE] percent ([5]%) of the total amount of
            money paid by Brightstar to its independent auditors during the
            fiscal year in which the non-audit services are provided;

        2.  The services were not recognized by Brightstar at the time of the
            engagement to be non-audit services; and

        3.  The services are promptly brought to the Audit Committee's attention
            and approved prior to the completion of the audit.

   Alternatively, the Audit Committee can engage the independent auditors with
   pre-approved policies and procedures, provided that the policies and
   procedures are detailed as to the particular services and the Audit Committee
   is informed of such service.

   3) AUDITOR INDEPENDENCE. The Audit Committee is responsible for making sure
   it reviews at least annually a formal written statement explaining all
   relationships between the outside auditors and Brightstar and its
   subsidiaries, consistent with Independence Standards Board Standard 1. The
   Audit Committee will maintain an active dialogue with the independent
   auditors, covering any disclosed relationships or services that may impact
   their objectivity and independence. [THE AUDIT COMMITTEE WILL REVIEW THE
   INDEPENDENT AUDITORS' PEER REVIEW, WHICH IS CONDUCTED EVERY [THREE] ([3])
   YEARS.] The Audit Committee will review all proposed hires by Brightstar or
   its subsidiaries of individuals formerly employed by the independent
   auditors. The Audit Committee will take, or recommend to the Board that it
   take, appropriate actions to oversee the independence of Brightstar's outside
   auditors.

   4) OVERSIGHT OF AUDITORS; AUDIT PLAN. The Audit Committee will be responsible
   for oversight of the auditors' work and Brightstar's relationship with its
   independent auditors. The Audit Committee will discuss with the independent
   auditors the overall scope and plans for their audits and other financial
   reviews, including the adequacy of staffing, compensation and resources. The
   Audit Committee will be responsible for reviewing and resolving any
   disagreements between Brightstar's management and the independent auditors
   regarding financial controls or financial reporting.

   5) INTERNAL CONTROLS; RISK ASSESSMENT. The Audit Committee will discuss with
   management and the independent auditors the design, implementation, adequacy
   and effectiveness of Brightstar's internal controls, including Brightstar's
   system to monitor and manage business risk, legal and ethical compliance
   programs and financial reporting. The Audit Committee also will meet
   separately with the independent auditors, with and without management
   present, to discuss the results of their examinations. The Audit Committee
   will provide oversight over the system of internal controls, relying upon
   management's and the independent auditors' representations and assessments
   of, and recommendations regarding, the controls. The Audit Committee will
   review disclosures regarding Brightstar's internal controls the inclusion of
   which is required in SEC reports.

   6) QUARTERLY AND ANNUAL FINANCIAL STATEMENTS. The Audit Committee will review
   and discuss the annual audited financial statements and quarterly financial
   statements with management and the independent auditors, including any
   disclosures under the management's discussion and analysis sections of
   Brightstar's SEC reports and any disclosures regarding critical accounting
   estimates that Brightstar may make. The Audit Committee will be responsible
   for making a recommendation to the Board as to whether Brightstar's annual
   audited financial statements should be included in Brightstar's annual report
   on Form 10-K.

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    7) PROXY REPORT. The Audit Committee will prepare any report required to be
    prepared by it for inclusion in any proxy statement of Brightstar under SEC
    rules and regulations.

    8) EARNINGS ANNOUNCEMENTS. The Audit Committee will review, and discuss with
    management and Brightstar's independent auditors, Brightstar's quarterly
    earnings announcements, and other public announcements regarding
    Brightstar's results of operations.

    9) CRITICAL ACCOUNTING POLICIES. The Audit Committee will obtain, review and
    discuss reports from the independent auditors about:

    o   all critical accounting policies and practices which Brightstar will
        use, and the qualities of those policies and practices;

    o   all alternative treatments of financial information within generally
        accepted accounting principles that the auditors have discussed with
        management officials of Brightstar, ramifications of the use of these
        alternative disclosures and treatments, the treatment preferred by the
        independent auditors and the reasons for favoring that treatment; and

    o   other material written communications between the independent auditors
        and Brightstar management, such as any management letter or schedule of
        unadjusted differences.

    The Audit Committee will also discuss with the independent auditors and then
    disclose those matters whose disclosure is required by SAS 61, including any
    difficulties the independent auditors encountered in the course of the audit
    work, any restrictions on the scope of the independent auditors' activities
    or on their access to requested information, and any significant
    disagreements with management.

    10) CEO, CFO AND INDEPENDENT AUDITORS CERTIFICATIONS. The Audit Committee
    will review the CEO and CFO disclosure and certifications under Sections 302
    and 906 of the Sarbanes-Oxley Act and discuss with management the basis for
    their conclusions. The Audit Committee will also review the independent
    auditors' certifications under Section 404 of the Sarbanes-Oxley Act and
    discuss with the independent auditors the basis for their conclusions.

    11) RELATED PARTY TRANSACTIONS. The Audit Committee will review and approve
    all related party transactions. The term "Related party transactions" is
    defined in Regulation S-K of the Securities Act of 1933, as amended, and in
    SEC guidance relating to the management's discussion and analysis section of
    SEC reports.

    12) ANONYMOUS COMPLAINT HANDLING PROCESS. The Audit Committee will have
    responsibility for establishment and oversight of processes and procedures
    for (a) the receipt, retention and treatment of complaints about accounting,
    internal accounting controls or audit matters and (b) confidential and
    anonymous submissions by employees concerning questionable accounting,
    auditing and internal control matters. All such relevant complaints and
    submissions must be reported to the Audit Committee.

    13) ABILITY TO INVESTIGATE; RETENTION OF ADVISORS. The Audit Committee has
    the power to investigate any matter brought to its attention, with full
    access to all Brightstar books, records, facilities and employees. The Audit
    Committee also has the power to retain independent counsel or other experts
    and advisors, and the Audit Committee will have funding sufficient for this
    purpose and the power to use such funding to compensate its counsel, experts
    and advisors.

    14) REVIEW OF CHARTER, CODE OF ETHICS, CODE OF CONDUCT AND POLICY
    STATEMENTS; REGULATORY MATTERS. The Audit Committee will review and reassess
    the adequacy of this charter at least once a year. Every year, the Audit
    Committee will submit this charter for approval by the Board. In addition,

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    the Audit Committee will review, approve and monitor Brightstar's code of
    ethics for its senior officers, including disclosure to the Board of any
    exceptions to the code of ethics. The Audit Committee will also review
    adherence to Brightstar's code of conduct and policy statements to determine
    compliance with the Foreign Corrupt Practices Act and other applicable laws
    and regulations. Legal and regulatory matters that may have a material
    effect on Brightstar's financial statement must be reviewed by the Audit
    Committee.

    It is NOT the Audit Committee's responsibility to prepare and certify
    Brightstar's financial statements, to guarantee the independent auditors'
    report, or to guarantee other disclosures by Brightstar. These are the
    fundamental responsibilities of management and the independent auditors. The
    Audit Committee members are not full-time Brightstar employees and do not
    perform the functions of auditors and accountants.

RESTRICTIONS ON INDEPENDENT AUDITORS SERVICES

Brightstar's independent auditors cannot perform any of the following services
for Brightstar:

    o   [BOOKKEEPING OR OTHER SERVICES RELATED TO BRIGHTSTAR'S ACCOUNTING
        RECORDS OR FINANCIAL STATEMENTS;

    o   FINANCIAL INFORMATION SYSTEMS DESIGN AND IMPLEMENTATION;

    o   APPRAISAL OR VALUATION SERVICES, FAIRNESS OPINIONS OR
        CONTRIBUTION-IN-KIND REPORTS;

    o   ACTUARIAL SERVICES;

    o   INTERNAL AUDIT OUTSOURCING SERVICES;

    o   MANAGEMENT OR HUMAN RESOURCES FUNCTIONS;

    o   BROKER OR DEALER, INVESTMENT ADVISER OR INVESTMENT BANKING SERVICES;

    o   LEGAL SERVICES AND EXPERT SERVICES UNRELATED TO THE AUDIT; AND

    o   ANY OTHER SERVICE THAT THE PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD
        DETERMINES, BY REGULATION, WOULD IMPAIR THE INDEPENDENCE OF BRIGHTSTAR'S
        AUDITORS.]

COMPENSATION

The Board determines the amount of any fees, if any, that Audit Committee
members receive for their services. These fees can include retainers or per
meeting fees. Audit Committee members cannot receive any compensation from
Brightstar except the fees they receive for their services as members of the
Board or any committee of the Board, and except for reimbursement of their
expenses.

MEETINGS AND MINUTES

The Audit Committee will meet at least [FOUR] ([4]) times each year, and will
keep minutes of each meeting. The Audit Committee decides when and where it will
meet, and must deliver a copy of this schedule in advance to the Board.

Unless the Board or this Charter provides otherwise, the Audit Committee can
make, alter or repeal rules for the conduct of its business. In the absence of
these rules, the Audit Committee will conduct its business in the same way the
Board conducts its business.

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DELEGATION OF AUTHORITY; CHAIR OF AUDIT COMMITTEE

The Audit Committee can delegate to one or more members of the Audit Committee
the authority to pre-approve audit and permissible non-audit services, as long
as this pre-approval is presented to the full Audit Committee at its scheduled
meetings.

The Audit Committee cannot delegate its responsibilities to non-committee
members.

The Audit Committee can appoint a chair of the committee, and can change its
decision regarding who will be chair at any time.

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                                                                  Exhibit  10.48

          BRIGHTSTAR CORP. NOMINATING AND GOVERNANCE COMMITTEE CHARTER

PURPOSE

The purpose of the Nominating and Governance Committee (the "Committee") is to:

         o        Assist the Board by identifying and recommending individuals
                  qualified to become Board members, consistent with criteria
                  approved by the Board

         o        Recommend, for the Board's approval, the slate of nominees to
                  be proposed by the Board to stockholders for election to the
                  Board

         o        Recommend appropriate policies and procedures to ensure the
                  effective functioning of the Board

         o        [DEVELOP AND RECOMMEND TO THE BOARD THE GOVERNANCE PRINCIPLES
                  APPLICABLE TO BRIGHTSTAR CORP.]

         o        Oversee the evaluation of the Board and management

         o        Recommend to the Board the directors who will serve on each
                  committee of the Board

APPOINTMENT, MEMBERSHIP AND ORGANIZATION

The Nominating and Governance Committee will be made up of no fewer than three
(3) independent members. The Committee's members are appointed by the Board. The
Board decides the exact number of members and can at any time remove or replace
a Committee member. Each of the Committee's members will be appointed by the
Board and will meet the requirements of the rules of the Nasdaq Stock Market,
including those related to independence. The Board, or a majority of the
Committee, may designate one of the Committee members as the Chair of this
Committee. The Committee may also form and delegate authority to subcommittees
as the Committee may deem appropriate.

RESPONSIBILITIES AND AUTHORITY

The Nominating and Governance Committee will:

         1.       Evaluate the composition, size, organization and governance of
                  the Board and its committees; determine future requirements;
                  make recommendations to the Board about the appointment of
                  directors to committees of the Board; and recommend the
                  selection of chairs of these committees to the Board.

         2.       Develop, review, establish and evaluate the corporate
                  governance policies, practices and procedures of Brightstar
                  Corp.

         3.       Establish a policy for considering stockholder nominees for
                  election to the Board.

         4.       Recommend ways to enhance communications and relations with
                  stockholders.

         5.       Evaluate and recommend candidates for election to the Board of
                  Directors consistent with criteria approved by the Board. In
                  this regard, in the event that the Committee will not be
                  recommending an incumbent director for inclusion in the slate
                  of nominees to be proposed by the Board to the stockholders
                  for election to the Board, and provided that the incumbent
                  director has not notified the Committee that he or she will be
                  resigning or that he or she does not intend to stand for
                  re-election to the Board, then, in the case of an election to
                  be held at an annual meeting of stockholders, the Committee
                  will recommend the slate of nominees to the Board of Directors
                  at least thirty (30) days prior to the latest date required by
                  the provisions of Sections 1.7 (advance notice of stockholder
                  business) and 1.8(A) (advance notice of director nominations)
                  of Brightstar Corp.'s Bylaws (as such provisions may be
                  amended from time to time) for stockholders to submit
                  nominations for directors at such annual meeting, or in the
                  case of an election to be held at a special meeting of
                  stockholders, at least ten (10) days prior to the latest date
                  required by the

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                  provisions of Sections 1.7 and 1.8(A) of the Bylaws for
                  stockholders to submit nominations for directors at a special
                  meeting.

         6.       Oversee the Board's performance and self-evaluation process,
                  including conducting surveys of director observations,
                  suggestions and preferences regarding how effectively the
                  board operates. The Committee also will evaluate the
                  participation of members of the Board in continuing education
                  activities in accordance with Nasdaq rules.

         7.       Evaluate and recommend termination of service of individual
                  members of the Board as appropriate, in accordance with the
                  Board's governance principles, for cause or for other proper
                  reasons

         8.       Make regular written reports to the Board.

         9.       Review and re-examine this Charter on a periodic basis and
                  make recommendations to the Board regarding any proposed
                  changes.

         10.      Review annually the Committee's own performance against
                  responsibilities outlined in this Charter and as otherwise
                  established by the Board.

In performing its responsibilities, the Nominating and Governance Committee will
have the authority to obtain advice, reports or opinions from internal or
external counsel and expert advisors, including director search firms.

MEETINGS AND MINUTES

The Nominating and Governance Committee will meet at least once per quarter and
will also meet, as required or appropriate, in response to the needs of the
Board and as necessary to fulfill the Committee's responsibilities. The
Chairperson will preside at each meeting of the Committee and, in consultation
with the other members of the Committee, shall set the frequency and length of
each meeting and the agenda items to be addressed at each meeting. The Committee
will maintain written minutes of its meetings and shall make regular reports to
the Board on its activities. Such reports will generally be made after each
Committee meeting or at such other times as the Committee may deem appropriate.

DISCLOSURE OF CHARTER

This Charter will be made available on Brightstar Corp.'s website at
WWW.BRIGHTSTARCORP.COM.

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