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                                                                     EXHIBIT 4.7

              PLAYSTATION(R)2 PERIPHERAL PRODUCTS SUPPLY AGREEMENT

THIS AGREEMENT is entered into the 15th day of September 2003 by and between

                   SONY COMPUTER ENTERTAINMENT EUROPE LIMITED
                      of 30 Golden Square, London, WIF 9LD
                      (hereinafter referred to as "SCEE")

                                      -and-

                      NAMTAI ELECTRONIC (SHENZHEN) CO., LTD
  of Gusu Industrial Estate, Xixiang, Baoan, Shenzhen,PRC, Postal Code :518126
                     (hereinafter referred to as "Nam Tai")

WHEREAS

(A)      SCEE, Sony Corporation, and/or certain of their affiliates and
         companies within the group of companies of which any of them form part
         (hereinafter jointly and severally referred to as "Sony") have
         developed a 128- bit CD and DVD based home entertainment system
         (hereinafter referred to as "the PlayStation 2" which is a registered
         trademark of Sony Computer Entertainment Inc.) and are the owners of
         certain proprietary information and intellectual property rights
         pertaining to the PlayStation 2.

(B)      SCEE has commissioned Nam Tai to supply digital camera peripheral
         devices based on SCEI's registered design and including certain third
         party proprietary technology and being compatible with SCEE's EyeToy
         software.

(C)      Nam Tai wishes to supply and SCEE wishes to purchase the peripheral
         products for resale in the Territory on the terms and subject to the
         conditions of this Agreement.

1.       DEFINITIONS AND INTERPRETATION

1.1      In this Agreement unless the context otherwise requires the following
         words and expressions shall have the following meanings:-

         "Acceptance Tests" means the acceptance tests referred to in Schedule
         2.

         "Affiliate of SCEE" means, as applicable, Sony Computer Entertainment
         Inc in Japan, Sony Computer Entertainment of America, Inc. or any
         member of the Sony Computer Entertainment group of companies.

         "Agreement" means this supply agreement including the Schedules hereto.

         "Chipset" means integrated circuit devices designed and intended for
         incorporation into a digital camera based peripheral device capable of
         interfacing with the Software.

         "Commencement Date" means 15th January 2003.

         "Confidential Information" means in relation to either party,
         information belonging or relating to that party, its business, business
         plans, affairs or activities, which information is confidential and
         proprietary to that party.

         "Contract" means a contract for supply of the Peripheral Products
         between the parties formed by Nam Tai's acceptance or deemed acceptance
         of SCEE's Purchase Order in accordance with Clause 5.2.

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         "Control" means, in relation, to either party, the right of a person or
         persons acting together, whether in law or in fact, to secure whether
         by means of the holding of shares bearing 50% or more of the voting
         rights attaching to all of the shares in that party or by having the
         power to control the composition of the Board of Directors of that
         party, that all or substantial part of the affairs of that party are
         conducted in accordance with the wishes of that person or persons, and
         "Controlled" shall be construed accordingly;

         "Delivery" means, in relation to any Contract, transfer of physical
         possession of the Peripheral Products to SCEE or SCEE's agent at the
         place specified in Clause 7.2.

         "Design" means the design of the Peripheral Product based upon SCEI's
         registered design numbers 3012081, 3012082, 3012083 and 3012084 ("the
         Registered Design").

         "Documentation" means documentation relating to the operation, support
         and maintenance of the Peripheral Products.

         "Intellectual Property Rights" means any patent, registered design,
         copyright, design right, topography right, trade mark, business name,
         application to register any of the aforementioned rights, trade secret,
         unpatented know-how and right of confidence, and any other intellectual
         property right of any nature whatsoever in any part of the world.

         "Peripheral Product(s)" means SCEE's commissioned digital camera based
         peripheral product based upon the Design, incorporating one or more
         Chipsets and bearing the Trademarks, and being more fully described in
         Schedule 1.

         "Product Failure" means a recognised component, design or technical
         defect in the Peripheral Product(s).

         "Purchase Order" means an order placed by SCEE for the supply of the
         Peripheral Products on the terms and conditions of this Agreement,
         stating SCEE's order number, the Peripheral Products ordered and the
         price(s) thereof, and the required Delivery date(s) and Delivery
         address(es).

         "Quarter" means one of subsequent periods of three calendar months, the
         first commencing on the Commencement Date.

         "Returns" means Peripheral Products which are rejected by SCEE or
         returned to SCEE by its resellers/ customers as non-conforming, damaged
         including due to Product Failure.

         "Software" means software developed by SCEE or parties authorized by
         SCEE to enable the connection and functioning of a digital camera based
         peripheral device to a video game console or any software derived from
         the same.

         "Specifications" means the Peripheral Product specifications and any
         other specifications, and any amendments thereto, agreed in writing
         between Nam Tai and SCEE from time to time.

         "Term" means the term of this Agreement being two years from the
         Commencement Date in accordance with Clause 3.1.

         "Territory" means the world.

         "Tools" means the tools purchased by Nam Tai to manufacture the
         Peripheral Products.

         "Trademarks" means the PlayStation Family logo, a registered trademark
         of SCEI and EyeToy, a registered trademark of SCEE.

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1.2      The headings in this Agreement are for convenience only and shall not
         affect its interpretation or construction.

1.3      The Schedules referred to form part of this Agreement.

1.4      References to Clauses and Schedules are, unless otherwise stated, to
         clauses in and schedules to this Agreement.

2.       BASIS OF SUPPLY

2.1      Nam Tai agrees to supply the Peripheral Products to SCEE or its
         nominated distributors.

2.2      Nam Tai agrees upon receiving payment from SCEE for the value of the
         remaining life of the tools from SCEE to render up the Tools on the
         expiration of this Agreement.

2.3      Nam Tai agrees that during the Term and throughout the Territory,
         without SCEE's consent, it will not, and will procure that its
         affiliates do not, manufacture, distribute, sell nor supply to any
         third party, other than SCEE or its nominated distributors, for
         sale the Peripheral Products or any digital camera based peripheral
         products intended for use with any video game console, but such consent
         shall not be unreasonably withheld.

         For the purpose of this clause 2.3 Nam Tai's affiliates shall mean Nam
         Tai Electronics Inc and its subsidiaries.

2.4      Nam Tai agrees to purchase the Chipsets for incorporation in the
         Peripheral Products only from Omnivision Technologies Inc.

3.       TERM

3.1      This Agreement shall commence on the Commencement Date and shall
         continue for a period of two years.

4.       SCEE'S UNDERTAKINGS

4.1      SCEE agrees to prepare written sales forecasts in accordance with
         Clause 6 with a view to assisting Nam Tai in preparing its production
         schedule.

5.       ORDERING PERIPHERAL PRODUCTS

5.1      During the continuance of this Agreement Nam Tai shall sell and SCEE
         shall purchase such quantities of the Peripheral Products as may be
         ordered by SCEE from time to time under Clause 5.2, subject to the
         terms and conditions of this Agreement.

5.2      The placing by SCEE of a Purchase Order for Peripheral Products from
         time to time and written acceptance thereof by Nam Tai shall create a
         Contract subject to the terms of this Agreement. No Contract shall be
         deemed concluded unless and until Nam Tai has accepted the Purchase
         Order by issuing a written order acceptance. Nam Tai shall be deemed to
         have accepted any Purchase Order placed in accordance with the terms of
         this Agreement if it has not issued a written order acceptance or
         rejection within five working days of receipt of such Purchase Order.

5.3      SCEE may vary the terms of, or reschedule the Delivery date under, any
         Contract subject to prior written agreement of Nam Tai.

5.4      SCEE shall be entitled to cancel any Purchase Order, in whole or in
         part, by giving reasonable notice to Nam Tai provided that SCEE shall
         be responsible for all direct material costs in terms of finished
         goods,

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         work in progress, parts and labour costs already incurred by Nam Tai in
         relation to the relevant Purchase Order.

5.5      SCEE shall be under no obligation to place Purchase Orders under this
         agreement and shall have the right during the Term hereof to acquire
         products or services from any third party.

6.       SUPPLY OF PRODUCTS AND SALES FORECASTS

6.1      Nam Tai shall maintain sufficient manufacturing and storage facilities,
         resources, materials, parts and components to meet SCEE's Purchase
         Orders placed from time to time hereunder. To this end, SCEE has given
         Nam Tai prior to signing this Agreement a written forecast for its
         anticipated requirements for the Peripheral Products for the 4-month
         period commencing on the Commencement Date.

6.2      SCEE agrees to give Nam Tai, not later than 30 days before the
         beginning of each subsequent month, SCEE's written forecast of its
         anticipated requirements for the Peripheral Products for the following
         month. Such forecasts shall be for information only and shall not be
         binding upon either party.

6.3      If SCEE's orders for the Peripheral Products exceed (or it appears from
         any of SCEE's forecasts given pursuant to Clause 6.2 that they will
         exceed) the output capacity or available stocks of Nam Tai, Nam Tai
         shall as soon as practicable notify SCEE.

7.       DELIVERY OF PERIPHERAL PRODUCTS AND PACKING

7.1      Nam Tai shall perform and complete, prior to Delivery, all factory and
         other tests agreed between the parties and set out in writing in the
         Specifications or as otherwise reasonably agreed between the parties in
         writing from time to time. SCEE shall be entitled to have present at
         such testing such authorised representatives as it reasonably considers
         necessary.

7.2      Nam Tai shall deliver the Peripheral Products to SCEE or SCEE's carrier
         FOB China address to be advised or such other address as may be agreed
         by the parties in writing by the Delivery date(s) specified in the
         Contract (which shall be not more than 4 weeks from the date of the
         Purchase Order), or such other date as may be agreed between the
         parties. Where Delivery of any Peripheral Products is likely to be
         delayed Nam Tai shall notify SCEE of the relevant facts and
         circumstances as soon as possible.

7.3      Should the delivery of the Peripheral Products be delayed for more than
         2 weeks, the following shall be applicable

         7.3.1.   Nam Tai shall send to SCEE a letter describing the occurred
                  situation and explaining the reasons why Nam Tai was not
                  successful in dealing with the matter. In addition, the letter
                  shall state what actions Nam Tai will take in order to ensure
                  that a similar situation will not occur again and also
                  describe how the actions will be implemented.

         7.3.2.   SCEE shall, unless the delay is due to force majeure as set
                  out in Clause 20 below or by an act of SCEE, then be entitled
                  to a reduction of the price payable. Such reduction shall
                  equal one (1) percent of the total sum payable under the
                  relevant purchase order.

7.4      SCEE acknowledges that any liability of Nam Tai to pay liquidated
         damages under Clause 7.3 shall represent SCEE's sole financial remedy
         in respect of any delay by Nam Tai in Delivery of the Peripheral
         Products, but shall be without prejudice to any other rights and
         remedies available to SCEE. For the avoidance of doubt unless the delay
         is due to force majeure as set out in Clause 20 below or by an act of
         SCEE, if any specified Delivery date is not met within 30 (whether in
         whole or in part), then Narn Tai shall be deemed to be in material
         breach of this Agreement.

7.5      Nam Tai shall deliver the Peripheral product properly packed to ensure
         against risks in transit to the Territory. Nam Tai shall include for
         all shipments a packing list that contains SCEE's Purchase Order
         number, quantity shipped and number of cartons comprised in the
         shipment. Nam Tai's packing list is to

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         be enclosed in an envelope and is to be adhered to an exposed side of a
         shipping container to allow easy access. In addition a copy of such
         packing list is to be enclosed in a prominent position inside each
         container.

7.6      SCEE shall arrange inspection of the shipments in China on Delivery for
         conformity with shipping documents only. SCEE shall have the right to
         inspect the Peripheral Products at any time prior to or after Delivery
         and SCEE shall have the right to reject non-conforming or defective
         Peripheral Products which shall be replaced by Nam Tai at its cost FOB
         China within 30 days of notification by SCEE. SCEE shall invoice Nam
         Tai for the actual costs of shipping, insuring and importing such
         replacement Products into the Territory.

8.       DOCUMENTATION

8.1      Nam Tai shall supply adequate sets of the Documentation in advance of
         Delivery, in hard copy and, if requested by SCEE, in electronic form
         (in such format as may be reasonably requested by SCEE). The
         Documentation shall include sufficient drawings and instructions to
         allow SCEE to operate and maintain the Peripheral Products, including
         details of any special environmental controls required to ensure that
         the Peripheral Products meet the Specifications.

8.2      Nam Tai shall supply at SCEE's request, free of charge for each
         Peripheral Product supplied, extra sets of Documentation.

9.       RISK AND TITLE

9.1      The Peripheral Products shall be at the risk of Nam Tai during transit
         to China and Delivery and Nam Tai undertakes to insure the Peripheral
         Products against loss or damage during transit and Delivery.

9.2      Nam Tai warrants that the Peripheral Products passed in required
         product qualification shall be supplied with full title guarantee.

9.3      Title, risk of loss or damage and responsibility to insure the
         Peripheral Products shall pass from Nam Tai to SCEE at the FOB point
         following Delivery.

10.      QUALITY ASSURANCE AND FACTORY INSPECTION

10.1     Nam Tai shall test and inspect the Peripheral Products in conformity
         with ISO 9000 and 9001 Quality Standards prior to shipment and shall
         retain and make available a copy of all factory acceptance test reports
         to SCEE on request. SCEE reserves the right to periodically audit Nam
         Tai's product quality assurance and test procedures in any reasonable
         manner including observation by SCEE of tests being conducted on the
         Peripheral Products, subject to SCEE giving Nam Tai at least one week's
         written notice of the requested observation date. SCEE shall arrange
         for pre-shipment inspection from time to time at its cost at Nam Tai's
         manufacturing facility. Nam Tai agrees to notify SCEE as soon as
         reasonably practicable (and in any event by not more than 14 days
         before the proposed shipment date) of the date the Peripheral Products
         will be loaded for shipment to China with a view to SCEE arranging for
         inspection of loading at its option.

10.2     SCEE may provide materials on loan to enable Nam Tai to test to the
         Specifications. SCEE shall retain title in and control over any
         materials made available to Nam Tai and may require the return of the
         same on demand.

10.3     SCEE shall provide 10 PAL debugging stations for production testing
         only and SCEE shall retain title in and control over these debugging
         stations which are for factory use only.

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10.4     Nam Tai's factory address is:

         Gusu Industrial Estate,
         Xixiang, Baoan,
         Shenzhen, PRC
         Postal Code: 518126

11.      ACCEPTANCE

11.1     Unless otherwise agreed between the parties in writing, acceptance by
         SCEE of each Peripheral Product shall occur on successful completion of
         the Acceptance Tests in respect of that Peripheral Product in
         accordance with Schedule 1.

11.2     Acceptance Tests shall be carried out in accordance with the terms of
         Schedule 2.

11.3     Acceptance Tests shall commence as soon as reasonably practicable after
         Delivery (and in any event within 14 days thereafter, unless otherwise
         agreed between the parties in writing).

11.4     Nam Tai shall, without charge, make available staff, materials and
         facilities reasonably necessary for performance of the Acceptance
         Tests.

11.5     Nam Tai shall be entitled to have present at the Acceptance Tests such
         authorised representatives as it reasonably considers necessary.

11.6     If any of the Peripheral Products fail to pass the Acceptance Tests,
         Nam Tai shall promptly investigate and rectify all faults to enable the
         Acceptance Tests to be repeated. If, following that investigation and
         repetition of the Acceptance Tests, the Peripheral Products still fail
         to pass the Acceptance Tests, then SCEE will be entitled to reject the
         Peripheral Products or treat the failure as a material breach for the
         purposes of Clause 15.1.1.

12.      RETURNS

12.1     SCEE shall notify Nam Tai in writing on a monthly basis of numbers of
         Returns which verified as manufacturing defects and Nam Tai shall ship
         replacement units at its cost to SCEE within 60 days of such
         notification. Shipment shall be FOB China provided that Nam Tai shall
         be liable for costs actually incurred by SCEE in shipping the
         replacements to the Territory including freight, insurance, tax and
         duties and shall be invoiced by SCEE on a monthly basis in respect of
         any such costs.

12.2     Nam Tai agrees that in the event of Product Failure should the failure
         rate exceed 1% of sold quantity of the Peripheral Products manufactured
         by Nam Tai then Nam Tai shall either replace or reimburse the full cost
         of the defective Peripheral Products as agreed between the parties.

12.3     SCEE shall at its cost co-ordinate return of Returns to its authorised
         Returns facilities. SCEE agrees that it shall at its cost audit and
         dispose of Returns, provided that Nam Tai shall bear the costs of
         auditing and disposal of Returns exceeding 2% ("Excessive Returns") of
         the quantity under a purchase order together with the cost of returning
         such Excessive Returns to SCEE's authorised Returns facilities. At Nam
         Tai's request and cost SCEE shall arrange for all Returns to be
         despatched to Nam Tai's nominated address. SCEE shall invoice Nam Tai
         on a monthly basis for costs of auditing and disposal of Excessive
         Returns or the despatch of Returns to Nam Tai at Nam Tai's request
         pursuant to this Clause 12.3.

12.4     SCEE shall maintain audit and disposal records in respect of Returns
         which Nam Tai may inspect from time to time during office hours subject
         to Nam Tai giving SCEE at least one week's prior written notice. Nam
         Tai shall be entitled to inspect Returns which have not been disposed
         of during office hours on similar notice.

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12.5     SCEE will provide Nam Tai with a monthly Returns/Product Failure report
         for the Territory showing units of Peripheral Products purchased in the
         Territory which are returned to SCEE's authorised Return facilities
         during the relevant month by country, by number of units and by reason
         for the return.

13.      TECHNICAL SUPPORT AND PROMOTIONAL ASSISTANCE

13.1     Subject to Clause 13.2, SCEE agrees that it shall at its cost during
         the Term provide an after sales service and technical support for
         customers in the Territory in relation to the Peripheral Products by
         providing access to SCEE's Customer Service Helpline during normal
         business hours Monday to Friday.

13.2     In the event Excessive Returns result in SCEE's Customer Service
         Helpline receiving calls 20% or more in excess of the average number of
         calls in relation to Peripheral Products per month SCEE reserves the
         right to invoice Nam Tai on a monthly basis for the costs of providing
         its Customer Service Helpline to Peripheral Products customers if the
         said increase of number calls is caused solely by the Peripheral
         Products manufactured by Nam Tai.

13.3     Nam Tai will provide 100 samples of the Peripheral Products to SCEE
         free of all charges, duties, taxes and levies for the purposes
         technical support training and promotional purposes. Nam Tai shall
         assist with training of SCEE's technical support staff to the extent
         reasonably required by SCEE. SCEE undertakes not to sell such
         promotional samples but use them only to procure orders.

14.      PRICE AND PAYMENT

14.1     The price payable for the Peripheral Products is set out in Schedule 3,
         inclusive of packaging costs. All unit pricing is FOB China.
         Accordingly (i) Nam Tai shall be responsible for arranging and the cost
         of insurance and shipping to Delivery, compliance with any applicable
         export controls and regulations, and all applicable export licences,
         duties, taxes and other charges payable on export; and (ii) SCEE shall
         be responsible for arranging and the cost of insurance and shipping
         from Delivery, and all applicable import duties, levies and sales taxes
         and other charges payable on import.

14.2     Unless otherwise agreed in writing, payment of all amounts due by SCEE
         under this Agreement shall be paid within 30 days from the date of
         invoice, subject to receipt of Nam Tai's valid and correct invoice, by
         BAGS transfer to Nam Tai's nominated account.

14.3     Any sums payable by Nam Tai pursuant to this Agreement whether in
         respect of Returns pursuant to Clause 12.2, Product Failure pursuant to
         Clause 123, technical support pursuant to Clause 13.2, liquidated
         damages pursuant to Clause 7.3, sump SCEE may lawfully claim from Nam
         Tai pursuant to Clause 14.4 or otherwise, shall be paid in Euros by
         telegraphic transfer to SCEE's nominated bank account within 30 days of
         the date of SCEE's invoice. In the event Nam Tai fails to make any
         payment by the due date Nam Tai shall be liable to pay interest on the
         overdue amount at the rate of 3% per annum above the base rate from
         time to time of Barclays Bank which interest shall accrue on a daily
         basis from the date when payment becomes overdue until full payment is
         made (whether before or after judgment).

14.4     SCEE shall be entitled to invoice Nam Tai for any sums it may lawfully
         claim from Nam Tai including any duties, charges or liabilities that
         ought to have been paid by Nam Tai but which SCEE pays or is held
         liable.

15.      TERMINATION

15.1     Either party shall have the right at any time by giving notice in
         writing to the other party to terminate this Agreement or any Contract
         immediately on the occurrence of any of the following events:

         15.1.1   the other party commits a material breach of any of the terms
                  of this Agreement which is incapable of remedy or which it
                  fails to remedy within thirty days of receiving written notice
                  from the other party to do so; or

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         15.1.2   the other party becomes or is deemed to be insolvent as
                  defined in the Insolvency Act 1986 or equivalent legislation
                  or unable to pay its debts or a petition is presented or order
                  made or meeting convened or resolution passed for the purpose
                  of winding up, or enter into liquidation whether compulsorily
                  or voluntarily or compounds with its creditors generally or
                  has a receiver, administrator or administrative receiver
                  appointed over all or any part of its assets or any proposal
                  is made for a company voluntary arrangement in respect of that
                  party, or that party threatens to take or takes or suffers any
                  similar action in consequence of debt or insolvency in any
                  jurisdiction; or

         15.1.3   the other party challenges or takes any step which is
                  inconsistent with the Intellectual Property rights of the
                  terminating party.

         15.1.4   the other party undergoes a change of Control, it being
                  obliged to notify the terminating party in writing within
                  thirty (30) days after such change.

15.2     At such time SCEE is required by it's parent company to deal only with
         "Green Partners" SCEE reserves the right to give Nam Tai 3 months
         notice of termination.

15.3     Termination of this Agreement shall be without prejudice to any
         subsisting right or remedy of either party in respect of any matter
         which arose before such termination nor shall it affect the obligations
         of either party in respect of any subsisting obligation remaining to be
         performed thereafter or the right of SCEE to continue to receive and
         resell any stock and Peripheral Products which it has already ordered
         or received from Nam Tai or for which it has accepted orders from third
         parties during the Term.

16.      ENHANCEMENTS AND MODIFICATIONS AND NEW VERSIONS

16.1     Nam Tai will not make any change to the specification of the Peripheral
         Products manufactured by Nam Tai without prior approval by SCEE.

17.      WARRANTIES AND UNDERTAKINGS BY NAM TAI

17.1     Nam Tai warrants and undertakes that it will at all times during the
         continuance of this Agreement and where applicable, following
         termination of this Agreement observe and perform the terms and
         conditions set out in this Agreement and in particular:-

         17.1.1   that it has the right, power and authority to enter into, and
                  fully to perform its obligations under this Agreement and each
                  Contract, and that its entry into and performance under the
                  terms of this Agreement will not infringe the rights of any
                  third party or cause it to be in breach of any obligations to
                  a third party. Without limitation, Nam Tai warrants that it is
                  and shall be entitled to supply the Peripheral Products to
                  SCEE without recourse to any third party. Nam Tai undertakes
                  that it shall not, during the Term of this Agreement, enter
                  into any contract or accept any obligation I inconsistent or
                  incompatible with Nam Tai's obligations under this Agreement;

         17.1.2   that it shall efficiently procure manufacture and assembly of
                  the Peripheral Products to promptly meet orders from SCEE as
                  soon as possible.

         17.1.3   that the Peripheral Products delivered under this Agreement
                  shall be free from defects in materials and workmanship and
                  shall perform substantially in conformance with the
                  Specifications for a period of twelve (12) months from the
                  date of purchase by the consumer ("the Warranty Period"). This
                  warranty shall include parts and labour and shall apply to all
                  Returns that are or become defective during the applicable
                  Warranty Period and are returned to SCEE or are found by SCEE
                  to be defective. Within the Warranty Period Nam Tai will
                  replace, without charge to SCEE, all Returns.

         17.1.4   that it shall ensure that the Peripheral Products, including
                  its packaging are of merchantable and satisfactory quality,
                  fit for purpose, are subject to a high standard of quality
                  control, conform with

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                  sample and all applicable laws and regulations in the EU
                  including for the avoidance of doubt Sony's pan-national
                  technical standards and are at all times covered by product
                  liability and errors and omissions insurance, a copy of the
                  policy for which shall be provided to SCEE on demand and SCEE
                  shall be noted when the relevant insurance policy expires
                  during the Term of this Agreement.

         17.1.5   that any Peripheral Products supplied under this agreement
                  comply with EC Directive 76/769/EEC (as amended) and the Dutch
                  Cadmium Decree WMS 1999. Specifically the test proving
                  compliance to EC Directive 76/769/EEC must conform to standard
                  EN1122 and any certificates submitted must reflect this. Nam
                  Tai shall with respect to cadmium provide a certificate from
                  an independent testing house (acceptable to SCEE) confirming
                  that the Products do not exceed the level of cadmium set out
                  in such Directive or Decree.

         17.1.6   that it shall promptly replace any Peripheral Products which
                  SCEE notifies to Nam Tai are Returns which SCEE or its
                  customers believe to have a defect in materials or
                  workmanship;

         in the event SCEE incurs any reasonable costs or losses or claims as a
         result of breach of the above warranties, Nam Tai shall indemnify and
         reimburse SCEE such costs or losses (including legal costs) on demand.

18.      INTELLECTUAL PROPERTY AND INDEMNITY

18.1     Nam Tai warrants and confirms to SCEE that (i) Nam Tai owns or has the
         right to license to SCEE all the Intellectual Property Rights in the
         Peripheral Product other than those rights already owned by either SCEE
         or Omnivision Technologies Inc. or their respective affiliates and (ii)
         the sale, use, distribution, marketing, promotion, and any other
         dealings with the Peripheral Products by SCEE, its agents,
         distributors, licensees and customers under this Agreement will not in
         any way violate or infringe any Intellectual Property Rights, moral
         rights, or privacy rights of any third party.

18.2     Nam Tai hereby grants SCEE all such rights and licences in relation to
         the Peripheral Products and all its elements including its name and
         packaging as SCEE requires in order for SCEE and its agents,
         distributors and licensees to freely and exclusively market,
         distribute, promote, sell and authorise use of the Peripheral Products
         during the Term and thereafter throughout the Territory.

18.3     SCEE warrants and confirms to Nam Tai that SCEE owns or has the right
         to license the Registered Design and the Trademarks. For the avoidance
         of doubt, any Intellectual Property Rights arising out of
         modifications, variations or alterations made to the Design of the
         Peripheral Product shall remain vested in SCEE.

18.4     SCEE hereby grants Nam Tai a non-exclusive licence to use the
         Trademarks and any other Intellectual Property Rights of SCEE necessary
         in order to manufacture the Peripheral Products during the Term
         throughout the Territory for supply to SCEE and its nominated
         distributors. Nam Tai shall have no other rights in respect of the
         Trademarks or any other Intellectual Property Rights of SCEE and shall
         not use the Trademarks or such Intellectual Property Rights for any
         purpose other than as provided for expressly in this Agreement.

18.5     Nam Tai now indemnifies SCEE and any Affiliate of SCEE, its
         sublicensees and assigns from and against any and all actions,
         proceedings, damages, awards, losses, demands and expenses (including
         legal costs on an indemnity basis) arising from or which result from
         any breach of the warranties set out in this Clause 18 if the same is
         not the responsibility of SCEE.

Sony Computer Entertainment Europe
PlayStation PeripheralSupply Agreement

                                  CONFIDENTIAL

                                                                          Page 9
<PAGE>

19.      CONFIDENTIALITY

         Without prejudice to the Non Disclosure Agreement signed by Nam Tai,
         each of the parties agrees that it will not at any time after the date
         of this Agreement make use of or disclose to any person (other than to
         those of its officers, employees and advisors in whose province it is
         to know the same) any Confidential Information (other than information
         properly available to the public or disclosed pursuant to an order of a
         court of competent jurisdiction) relating to the other party or its
         business including the identity of its customers, its products,
         finances, contractual arrangements or methods or doing business and,
         without limitation, any books and records which, by law, may be
         required to be disclosed by either party to the other, and each party
         shall use its respective reasonable endeavours to prevent the
         publication or disclosure of any such Confidential Information.

20.      FORCE MAJEURE

         Neither party shall be liable for any loss or damage incurred or
         suffered by the other party arising from the first party's delay or
         failure to fulfil any of its obligations under this Agreement to the
         extent that such delay or failure is caused by any cause or
         circumstance beyond that party's reasonable control and not due to its
         negligence. Subject to the party delaying promptly notifying the other
         party promptly in writing of the reason for the delay, the likely
         duration of the delay and using its best endeavours to cure the breach,
         the delaying party's obligations (to the extent affected by the delay),
         shall be suspended during the period that the cause persists provided
         that if performance is not resumed within 30 days of that notice the
         non-delaying party may forthwith by notice in writing terminate this
         Agreement or any Contract (or part thereof) affected.

21.      VARIATION

         This Agreement may only be varied by agreement in writing signed by the
         authorised representatives of both parties.

22.      WAIVER

         No failure or delay by any party in exercising any right power or
         remedy under this Agreement shall operate as a waiver of that right
         power or remedy. No waiver of any provision of this Agreement shall be
         effective unless given in writing. Any waiver of any provision of this
         Agreement shall not be construed as a waiver of any other provision or
         such provision in relation to any future or continuing event or
         circumstance.

23.      NOTICES

         Any notices or communications given under this Agreement shall be
         validly given if delivered by courier to the recipient's address set
         out at the head of this Agreement, or if by facsimile to SCEE at
         facsimile number +44 (020) 7859 5030 attn Director of Legal and
         Business Affairs and to Nam Tai at facsimile number 86-755-2749-4013,
         attn Ms. Margie Lee. Proof of delivery if sent by courier and
         confirmation of transmission if sent by facsimile shall be sufficient
         evidence of service.

24.      ASSIGNMENT AND SUBCONTRACTING

         Except that SCEE may assign its rights and obligations hereunder to
         another company within the Sony Corporation or Sony Computer
         Entertainment Inc group of companies, the rights and obligations under
         this Agreement shall not be assigned by either party without the prior
         written consent of the other. Nam Tai may subcontract its manufacturing
         obligations under this Agreement provided for the avoidance of doubt
         that Nam Tai remains liable for the acts and omissions of its
         subcontractor and has advised SCEE in writing prior to manufacturing.

Sony Computer Entertainment Europe
PlayStation PeripheralSupply Agreement

                                  CONFIDENTIAL

                                                                         Page 10
<PAGE>

25.      SEVERABILITY

         The invalidity or unenforceability of any term of or any right arising
         pursuant to the Agreement shall not in any way affect the remaining
         terms or rights.

26.      ENTIRE AGREEMENT

         This Agreement constitutes the entire agreement and understanding
         between the parties with respect to its subject matter and supersedes
         any prior agreement, understanding or arrangement between the parties
         whether oral or in writing. No representation, undertaking or promise
         shall be taken to have been given or be implied from anything said or
         written in communications between the parties prior to the date this
         Agreement was executed except as set out in this Agreement. Neither
         party shall have any remedy in respect of any untrue statement made to
         it upon which it has relied in entering into this Agreement (unless
         such untrue statement was made fraudulently) and that party's only
         remedies shall be for breach of contract as provided in this Agreement.
         For the avoidance of doubt, any SCEE's existing or future standard
         terms and conditions in relation to any Purchase Order shall not form
         part of this Agreement and/or the Purchase Order.

27.      LIMITATION OF LIABILITY

27.1     Neither party shall be liable for any consequential, incidental,
         indirect, economic or punitive damages whatsoever (including but not
         limited to damages for loss of business or personal profits, business
         interruption, loss of business, or personal or confidential
         information, or any other pecuniary loss, damages for loss of privacy,
         or for failure to meet any duty, including any duty of good faith, or
         to exercise commercially reasonable care or for negligence) arising out
         of or in any way related to this Agreement even if the parties have
         been advised of the possibility of such damages. This limitation shall
         be effective even if any remedy fails of its essential purpose.

27.2     Nam Tai's maximum aggregate liability to SCEE in respect of any
         Contract, whether arising under any indemnity, for any breach of its
         obligations under this Agreement, shall in no circumstances exceed 150%
         of the price payable pursuant to such Contract.

27.3     Nothing in this Agreement or in any contract shall exclude or in any
         way limit either party's liability for fraud or for death or personal
         injury caused by its negligence, or any other liability to the extent
         that such liability may not be excluded or limited as a matter of law.

27.4     For the avoidance of doubt, all factory and any other tests mentioned
         in this Agreement are only applicable to the Peripheral Product and are
         not applicable to any other products, software, packing materials or
         whatever which may be packed and/or sold together with the Peripheral
         Product.

Sony Computer Entertainment Europe
PlayStation PeripheralSupply Agreement

                                  CONFIDENTIAL

                                                                         Page 11
<PAGE>

28.      GOVERNING LAW AND JURISDICTION

         This Agreement shall be governed by and construed in accordance with
         English law and the parties submit to the jurisdiction of exclusive
         jurisdiction of the English courts for the purposes of enforcing any
         claim arising under this Agreement without prejudice to SCEE's right to
         bring proceedings in any other court having jurisdiction where Nam Tai
         is resident from time to time. Nam Tai irrevocably agrees to appoint an
         agent for service of process in the United Kingdom for the purposes of
         this Clause 27 with 30 days of the date of this Agreement and shall
         notify SCEE of the name and address of such agent within 5 working days
         of such appointment If for any reason such agent ceases to act as such
         or ceases to have an address in England. Nam Tai irrevocably agrees to
         appoint a substitute process agent acceptable to SCEE and to deliver to
         SCEE a copy of the new process agent's acceptance of that appointment
         within 30 days of such cessation.

Signed by the authorized representatives of the parties on the date set out
above

SONY COMPUTER ENTERTAINMENT                        NAMTAI ELECTRONIC(SHENZHEN)
EUROPE LIMITED                                     CO., LTD

/s/ [ILLEGIBLE]                                    /s/ [ILLEGIBLE]
---------------------------                        -----------------------------
Signature                                          Signature

Christopher Deering                                Karene Wong
---------------------------                        -----------------------------
Name                                               Name

President                                          Director
---------------------------                        -----------------------------
Title                                              Title

Sony Computer Entertainment Europe
PlayStation PeripheralSupply Agreement

                                  CONFIDENTIAL

                                                                         Page 12
<PAGE>

                                   SCHEDULE 1

                              PRODUCT DESCRIPTION

                    Pls refer to the attached specification.

Sony Computer Entertainment Europe
PlayStation PeripheralSupply Agreement

                                  CONFIDENTIAL

                                                                         Page 13
<PAGE>

                                   SCHEDULE 2

                                ACCEPTANCE TESTS

            Test Marks of CE, FCC and C-Tick applied for by Nam Tai.

              SCEE will perform the following test at the factory:

When the camera's Blue LED is lit and Red LED flashes, a live image displays on
the TV screen. The software reads the camera's VIDs and PIDs and displays these
two codes on the TV screen. If there is a live image display and VIDs and PIDs
code on the TV screen, then the test is successful.

Sony Computer Entertainment Europe
PlayStation PeripheralSupply Agreement

                                  CONFIDENTIAL

                                                                         Page 14
<PAGE>

                                   SCHEDULE 3

                                     PRICE

Unless otherwise agreed in writing by the parties, the price payable by SCEE for
the Peripheral Products pursuant to Clause 14 is set out below. For the
avoidance of doubt, the net price is the actual price paid by SCEE to Nam Tai
pursuant to the payment method referred to in Clause 14.2 of this Agreement.

                Net price/unit
                --------------

                $15

Sony Computer Entertainment Europe
PlayStation PeripheralSupply Agreement

                                  CONFIDENTIAL

                                                                         Page 15<PAGE>

                                                                     EXHIBIT 4.8

                                                                     Page 1 of 7
                                                                9 September 2003

                           SPECIFIC SERVICE AGREEMENT

                                     BETWEEN

                     SONY ERICSSON MOBILE COMMUNICATIONS AB
                  (HEREINAFTER REFERRED TO AS "SONY ERICSSON")

                                       AND

                   NAMTAI ELECTRONIC (SHENZHEN) COMPANY LTD.
                   (HEREINAFTER REFERRED TO AS THE "SUPPLIER")

                            REGARDING PROJECT "ALEX"

<PAGE>

                                                                     Page 2 of 7
                                                                9 September 2003

TABLE OF CONTENTS

<TABLE>
<S>  <C>                                                                               <C>
 1.  TERMINOLOGY, INTEGRATED PART...............................................       1
 2.  SCOPE OF THE SSA...........................................................       2
 3.  FORECASTS AND ROADMAPS.....................................................       2
 4.  COMMUNICATION AND CONTACT PERSONS..........................................       2
 5.  INDUSTRIALISATION SERVICES.................................................       2
 6.  INDUSTRIALISATION-TEST APPLICATIONS........................................       3
 7.  PROTOTYPES.................................................................       3
 8.  SPECIFICATION..............................................................       3
 9.  DOCUMENTATION..............................................................       3
10.     PRICING AND TERMS OF PAYMENT............................................       3
11.     TERMS OF DELIVERY.......................................................       4
12.     PACKING AND LABELLING...................................................       4
13.     QUALITY.................................................................       4
14.     PURCHASE OF COMPONENTS..................................................       5
15.     TERM OF AGREEMENT AND TERMINATION.......................................       5
</TABLE>

ENCLOSURES:

Enclosure 2.3          Project Plan, 1/10053-FCP1012478 Latest Edition

Enclosure 10.1         Prices and Price model

Enclosure 14.1         Purchase of components

Enclosure 14.2         Forecast Flexibility & Liability model

<PAGE>

                                                                     Page 1 of 7
                                                                9 September 2003

SPECIFIC SERVICE AGREEMENT

made as of 9th September 2003, by and between

Sony Ericsson Mobile Communications AB, Org no 556615-6658, a limited liability
company duly incorporated and existing under the laws of Sweden, with its
principal office at Nya Vattentornet, S-221 88 Lund, Sweden, hereinafter
referred to as "Sony Ericsson",

and

NAMTAI ELECTRONIC (SHENZHEN) COMPANY LTD., a corporation duly incorporated and
existing under the laws of The Peoples' Republic of China ("PRC") and having its
registered officer at Gu Su Industrial Estate, Xinan, Baoan, Shenzhen, PRC
(hereinafter referred to as the "Supplier").

(hereinafter referred to as the "Supplier").

WHEREAS:

1.       Ericsson and Namtai Electronic & Electrical Products Ltd have entered
         into the General Service and Purchase Agreement, GSPA, dated 15th
         February 2001 among other agreements, The GSPA has been duly assigned
         to Sony Ericsson Mobile Communications AB during 2002.

2.       The GSPA contains the general terms and conditions for the performance
         of Product Supply to Sony Ericsson, from Supplier,

3.       It is intended that the GSPA will be supplemented by one (1) or more
         SSA's setting out the specific provisions relating to the performance
         of Product Supply, and

4.       The Supplier has explained that it is willing and fully able to perform
         the Product Supply on behalf of Sony Ericsson for delivery of high
         quality Products, under the terms and conditions set out in this SSA
         and the GSPA.

NOW THEREFORE, in consideration of the mutual obligations herein contained, the
Parties agree as follows:

1.       TERMINOLOGY, INTEGRATED PART

         The GSPA shall be an integrated part of this SSA and, accordingly, all
         terms and conditions in the GSPA shall also apply to this SSA.
         Capitalised terms contained herein shall have the meanings assigned to
         them below or as ascribed to them in the GSPA unless otherwise defined
         in the context or document where it is used.

         "AGREEMENT", means this Specific Service Agreement.

         "GSPA", means the General Service and Purchase Agreement referred to in
         the "Whereas"-section above entered into between the Parties.

<PAGE>

                                                                     Page 2 of 7
                                                                9 September 2003

         "PRODUCT", means the Flash Alex, developed by C Technologies AB on
         behalf of Sony Ericsson and as further specified in this Agreement.

         "PA", means the Purchase Agreement separately signed covering the
         Product. The PA will be the new name of the SPA mentioned in the GSPA.

         "SSA", means this Specific Service Agreement.

2.       SCOPE OF THE SSA

2.1      Under the terms and conditions set forth in the Agreement Documents

         (i)      Supplier shall - exclusively for Sony Ericsson ~ perform
   Product Supply regarding the Product, and

         (ii) Sony Ericsson shall be entitled to purchase the Products from
   Supplier under the PA.

2.2      In the event of an inconsistency in the Agreement Document, the
         inconsistency shall be resolved by giving documents precedence in the
         following order:

         (i)      The Purchase Order, excluding Sony Ericsson's general
   purchasing conditions if such have been enclosed with the Purchase Order,

         (ii)     The PA,

         (iii)    The GSPA.

         (iv)     This Agreement excluding the Enclosures,

         (v)      Enclosure 2.3       Project Plan

         (vi)     Enclosure 10.1      Prices and Price model

         (vii)    Enclosure 14.1      Purchase of components,

         (viii)   Enclosure 14.2      Forecast, Flexibility & Liability model

2.3      Included in the Product Supply shall be repair and maintenance services
         as set out in Enclosure 2.3.

3.       FORECASTS AND ROADMAPS

3.1      A forecast of RTL and production volumes may be included in Enclosure
         2.3. These volume are only for production and capacity planning
         purposes, Sony Ericsson is not committed to buy according to the
         forecasted volumes. Sony Ericsson is liability for forecasted volumes
         as per Article 14.

4.       COMMUNICATION AND CONTACT PERSONS

4.1      In accordance with Subsection 5.5 of the GSPA the Parties hereby
         appoint the contact persons set out in Enclosure 2.3 to receive and to
         communicate information.

5.       INDUSTRIALISATION SERVICES

<PAGE>

                                                                     Page 3 of 7
                                                                9 September 2003

5.1      Supplier shall, as part of the Product Supply and in accordance with
         Subsection 6.1 of the GSPA, lead and be responsible for the
         industrialisation of Product.

5.2      Supplier shall, as part of the Product Supply and in accordance with
         Subsection 6.4 of the GSPA, provide information for the design work and
         furthermore manufacture the test applications.

5.3      The requirements for traceability as provided in Subsection 6.7 in the
         GSPA shall be as set out in Enclosure 2.3.

6.       INDUSTRIALISATION-TEST APPLICATIONS,

6.1      Supplier shall develop and deliver Manufacturing Test Applications as
         set out in Section 7 of the GSPA and as the case may be in Enclosure
         2.3

7.       PROTOTYPES

7.1      Supplier shall

         (i)    provide Sony Ericsson with Prototypes

         (ii)   review the Prototypes for manufacturability,

         (iii)  perform the testing of the Prototype, as defined in Enclosure
                2.3 and

         (iv)   provide Sony Ericsson with written reports of the analysis of
                the Prototypes.

8.       SPECIFICATION

8.1      Supplier shall not deliver any Products unless they meet the
         requirements set out in the Specification as set out in Enclosure 2.3
         and amended from time to time in and as further described in Section 14
         in the GSPA,

9.       DOCUMENTATION

9.1      Project Documentation

         The Supplier shall submit written reports to Sony Ericsson on the
         activities and the progress of the Product Supply. Such reports shall
         include the reports and plans specified in Enclosure 2.3.

9.2      Product Documentation

         Supplier shall produce and deliver to Sony Ericsson Product
         Documentation fulfilling the requirements set out in templates included
         in Enclosure 2.3.

10.      PRICING AND TERMS OF PAYMENT

10.1     The current price and the price model of the Product shall be as set
         out in Enclosure 10.1

         All invoices sent by Supplier shall be in USD or Euro as agreed in the
         PA

<PAGE>

                                                                     Page 4 of 7
                                                                9 September 2003

10.2     Price review

         The price of the Products shall be reviewed and agreed quarterly before
         the ending of every quarter in order for the prices to be firm for
         deliveries during the following quarter.

         The basis for the price review shall be:

         (i)      significant changes in volumes, and/or;

         (ii)     fluctuations in the exchange rate as defined below, and/or;

         (iii)    changes to the Specification, and/or;

         (iv)     increased production efficiency including but not limited to
                  "The learning curve advantage", and/or;

         (v)      changes in the price of the components.

         (vi)     delivery performance in the last quarter before against agreed
                  and acknowledge order, call of lead time

         Changes in the Specification and/or changes of a specific component
         price during a quarter, which causes a different price shall
         immediately or with a reasonable delay - due to material in stock -
         apply to all ordered Products. Such reasonable delays shall however
         only relate to reasonable explainable normal stock levels or situations
         with higher stock levels attributable to Sony Ericsson. At the
         quarterly price review meetings Supplier will describe and specify the
         changes made during the quarter. The different price shall be passed on
         to Sony Ericsson at the aforementioned fixed exchange rate as defined
         in GSPA.

11.      TERMS OF DELIVERY

11.1     Delivery time

         The Supplier shall perform the Product Supply, in accordance with the
         time-schedule set out in Enclosure 2.3 Dates of delivery of volume
         produced Products shall be as stated in the relevant P.O.

11.2     Delivery terms

         Applicable terms of delivery shall be FCA Hong Kong International
         Airport, INCOTERMS 2000, unless otherwise agreed in P.O.

12.      PACKING AND LABELLING

12.1     The Products shall be packed and marked separately as set out in the
         Specifications and the applicable Purchase Order. The Purchase Order
         and product numbers shall be set out in the shipping documents.

13.      QUALITY

13.1     All Product Supply shall be handled in accordance with the
         standards/requirements set out in the Specification and in Enclosure
         2.3

<PAGE>

                                                                     Page 5 of 7
                                                                9 September 2003

14.      PURCHASE OF COMPONENTS

14.1     The Supplier shall purchase materials at contracted prices under
         existing Sony Ericsson Agreements for supply of materials as set out in
         Enclosure 14.1.

14.2     Sony Ericsson liability for components as related to volume forecast as
         set out in Enclosure 14.2

14.3     The Supplier is responsible for the purchase and supply of all
         components.

15.      TERM OF AGREEMENT AND TERMINATION

15.1     This Agreement shall come into force upon its execution by duly
         authorised representatives of both Parties and shall remain in effect
         until three (3) months have passed following written notice of
         termination by either Party, unless terminated on an earlier date as
         set out in Section 29 "TERM OF AGREEMENT AND TERMINATION" in the GSPA.

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be
executed, in duplicate, each party taking one copy.

Date:9th September 2003     Date; 9th September 2003
Place: Hong Kong            Place: Lund

NAM TAI ELECTRONIC          SONY ERICSSON MOBILE
(SHENZEN) COMPANY Ltd       COMMUNICATIONS AB

/s/ Karene wong              /s/ Mats Led
------------------------     -----------------
KARENE WONG                  MATS LED

<PAGE>

                                                                  Enclosure 10.1
                                                         Prices and Price model.

         PRICE MODEL.

         See enclosed Excel sheet, (Enclosure 10.1 A) to be applied as price
         model.

         PRICE.

         The following price of the Product is agreed.

         All prices in USD.

         Price of 7,37

         Prices shall be updated during the development work.

         NRE cost: 20000 USD, travel expenses.
         Tooling cost: 35000 USD for a production capacity of 150k units per
         month (P0# 70148596 received)
         Test equipment: 30000 USD.

         Test equipment cost and NRE shall be amortized over a fixed amount of
         units of 20k, to be defined and added onto the product price.

<PAGE>

                                                                 Enclosure 10.1A
                                                                     Price model

<TABLE>
<S>                                                 <C>
1 MATERIAL COST

         Bill of material
                                                    ---------------
         Material scrap 1 %
                                                    ---------------
         Material burden 1 .5 %
                                                    ---------------
         TOTAL MATERIAL COST
                                                    ===============

2 LABOUR COST

         PROCESS     RATE (USD)   LABOUR TIME

         SMT          0.003/chip
                                                     ---------------
         Final assy.  4.24/hour
                                                     ---------------
         Testing      4.24/hour
                                                     ---------------
         Packaging    4.24/hour
                                                     ---------------
         TOTAL LABOUR COST
                                                     ===============
3 FREIGHT COST

         According to enclosure

4 FINANCIAL COST

         1.5% of bill of material for 60 days credit
                                                    ===============
         0.75% of bill of material for 30 days
         sea shipment. IF APPLICABLE
                                                    ===============
         0.375% of bill of material for 15 days
         sea shipment. IF APPLICABLE
                                                    ===============
5 PROFIT

         4.3% of bill of material
                                                    ===============
TOTAL UNIT PRICE
                                                    ===============

TOOLING COST (FOR INFORMATION ONLY)
                                                    ===============
</TABLE>
<PAGE>

                                                                  Enclosure 14.1
                                                         Purchase of components.

         COMPONENTS BOUGHT UNDER SONY ERICSSON AGREEMENTS.

         Supplier may call off volumes of below listed components from
         applicable Sony Ericsson agreements. Any such components shall only be
         used for manufacturing of the Product. Supplier may issue a forecast of
         the estimated volume to the selected component supplier to secure
         delivery.

         Supplier is solely responsible for the supply chain

         1. Icon,

         2. System connector,

         Sony Ericsson will advise about agreements with component supplier and
         valid prices during the project.

<PAGE>

                                                                 Enclosure 14.2,
                                         Forecast, Flexibility & Liability model

         Sony Ericsson's forecast and production planning process, named Seihan
         Process is based upon constraint planning, i.e. the planning process
         takes all constraints regarding the product, components, manufacturing
         capacity, and other thereto related matters of Sony Ericsson entire
         supply chain. The Seihan Process operates with a six months planning
         period.

         This Forecast, Flexibility & Liability model, the Model, defines the
         responsibilities and undertaking of both Parties with regard to
         forecasts, flexibility and lead-times.

         The components covered by this Model shall solely be used for the
         manufacturing of the Product. See enclosed Excel sheet, Enclosure
         14.2a, defining the Model. Components included in the Model shall have
         a significant impact upon the Product price and the applicable delivery
         lead-time. All such components shall be listed in the Model. Volume
         figures, component lead-times and prices snail be updated on a monthly
         base by Sony Ericsson, (Seller to provide input for Prices and
         lead-times)

         Sony Ericsson shall issue a new Model the last business day of each
         month, with updated forecast volumes, prices and lead-times. Prices and
         lead times shall be agreed with Supplier prior to such update.

         If the forecast proposal during the ramp-up period, (normally three
         months from the RTL-date) is higher than the latest agreed flexibility
         limits or production capacity Sony Ericsson may issue a forecast
         proposal to Supplier in order for Supplier to confirm if the
         availability of the necessary production capacity. This forecast
         proposal shall be communicated in due time before the Model shall be
         issued at the end of each month.

         Supplier undertakes that for all components listed in the Model
         actively work for to reduce the lead-time for each component in order
         to increase the flexibility of production process and to reduce its own
         financial exposure. The agreed objective, which is a non binding
         commitment of the Supplier, shall be to reduce lead-time by 20%
         annually. Purchase orders for component shall be placed at component
         suppliers on weekly bases to enable high flexibility.

         If Supplier does not receive the purchase orders in the quantity amount
         as stated in the forecast or any part thereof for any week before the
         agreed lead-time of that week, the Supplier shall withhold purchase of
         components for that week and for subsequent weeks in excess of the
         purchase orders received.

         Supplier shall always have an obligation to reallocate any components
         in stock and on order which becomes in excess due to changes in
         forecasted volumes.

         The Supplier shall within three days from receipt of a new Model review
         and confirm the acceptance of the same. If the new Model is not
         acceptable to the Supplier, the Supplier may reject the new Model and
         the following shall apply;

<PAGE>

                                                                 Enclosure 14.2,
                                         Forecast, Flexibility & Liability model

         -        Supplier shall use its best commercial effort to reallocate,
                  divest and cancel any excess component in order to follow the
                  new forecast provided by Sony Ericsson. Sony Ericsson shall
                  assume liability for any components covered by the latest
                  agreed Model and the component price is calculated on the
                  agreed unit price for the components, as listed in the Model.
                  Enclosure 14.2b is an illustration of the application of the
                  model.

         -        In the event the new forecast issued by Sony Ericsson may not
                  use up the components on hand and on order, Supplier
                  undertakes to use his best commercial effort to reallocate,
                  divest and cancel any excess component. Any remaining
                  components which are covered by the last agreed Model shall be
                  kept in stock free of charge for the first three months
                  following the rejection of the new Model. After this three
                  months period Supplier may agree to the liability undertaking
                  by Sony Ericsson as set out in the last agreed Model and
                  invoice and deliver any such remaining excess components as
                  agreed with Sony Ericsson.

         -        Sony Ericsson shall assume liability for the scrapping of
                  excess components covered by the Model provided that Sony
                  Ericsson has given the Supplier a written approval to scrap.
                  Sony Ericsson maximum liability shall always be limited to the
                  direct cost for the components; taking into consideration the
                  applicable lead-times and the fore cast volume below the
                  flexibility limit all as defined in the Model.

         -        Sony Ericsson shall always have the option to have any excess
                  components assembled into finished Products at agreed price
                  instead of scrapping the components.

         Any significant delay in delivery of the Products, caused by Supplier
         shall fully relieve Sony Ericsson from its liability under this
         Enclosure 14.2.

         Any undertaking by Sony Ericsson and/or Supplier as defined herein
         shall be valid until for 30th June 2004. Supplier may invoice Sony
         Ericsson for any components left.and covered by the last agreed Model
         at 30th June 2004 within 30 days thereafter and Sony Ericsson shall
         settle any such invoice within 30days from the date of invoice. The
         Supplier shall deliver the concerned components as advised by Sony
         Ericsson, FCA "HK/SZ" acc. to INCO-terms 2000.
<PAGE>

                                                                 Enclosure 14.2A
                                       Forecast, Flexibility and Liability Model

           DEFINITION OF FORECAST FLEXIBILITY & LIABILITY, THE MODEL.

<TABLE>
<S>                               <C>                  <C>
FORE CAST & LIABILITY                                  Fill out yellow and Blue fields
Part no:                          DPY 901 410          Yellow fields to be updated monthly
Description                       Flash                Brown fields calculated by formula
Project                           Alex
Date of "The Model"                 19th August 2003   Week        Six month rolling F/C for information only
Forecast dated                      19th August 2003    34   Month     Sept     Oct     Nov     Dec    Jan    Feb
Leadtime, Call off. Weeks               6                    Week     36-39    40-44   45-48   49-52   1-4    5-8
Leadtime, w/o f.c. Weeks               10                    Volume   128500   147500  104000  62000  62000  77000
Product Price                        7,37
</TABLE>

<TABLE>
<CAPTION>
         Week                 1       2       3       4       5       6      7       8       9      10      11      12      13
<S>                       <C>      <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>
Accumulated BOM cost
per week, (USD)                 0       0       0       0       0       0   1,583   1,473   1,322   1,322       0       0       0
% liability per Week            0%      0%      0%      0%      0%      0%    100%     90%     40%      0%      0%      0%      0%
Week                           35      36      37      38      39      40      41      42      43      44      45      46      47
Average forecast per week  37 500  32 125  32 125  32 125  32 125  29 500  29 500      (?)     (?) 29 500  26 000  26 000  26 000
Maximum liability per
 week, (USD)                    0       0       0       0       0       0      (?) 39 108  15 600       0       0       0       0
Total liability, (USD)    101 406

<CAPTION>
         Week               14      15      16
<S>                       <C>     <C>     <C>
Accumulated BOM cost
per week, (USD)                0       0       0
% liability per Week           0%      0%      0%
Week                          48       1       2
Average forecast per week 26 000  26 000  26 000
Maximum liability per
 week, (USD)                   0       0       0
Total liability, (USD)
</TABLE>

<TABLE>
<CAPTION>
                  FLEXIBILITY
<S>                                                     <C>       <C>
Presently agreed/Installed max. production capacity     37 500     per week
Leadtime to Increase capacity with 50%                      12      Weeks
Leadtime to Increase capacity with 100%                     12      Weeks
Maximum flexibility within Installed capacity to
 increase production per month, upward flexibility.         25    (?) volume
                                                                   month 1
</TABLE>

PRICES AND LEADTIME OF SELECTED COMPONENTS.

<TABLE>
<CAPTION>
                                                                    Delta price.
                                   Leadtime                         Weeks 8, 6-
Component               Part no      Weeks           Price. USD       8, 5-8
---------               -------      -----           ----------       ------
<S>                    <C>         <C>               <C>            <C>
Motorola 8 Bit CPU
MC68HC908QT4CDW          0107-
SOIC8                   T4CDWNVO      8                  0.8

WHITE LED DRIVER
MAX1561ETA-T QFN-8       0107-
MAXIM                   61ETAOV1      8                 0.47

SCHOTTKY DIODE           0108-
CUSO2 TOSHIBA           CUS02041      8                0.052           1,322

INDUCTOR                 0401-
LOH32CN220K23           22325191      6                0.044

PCB FR4 DOUBLE-SIDES     0610-
28.4X13.7X1MMX20 gold   RA2GF201
plating Halogen free       XO         6                0.069

PCB FR4 single-SIDES     0601-
20X11X0.5MM Gold        RA1DF202
Plating Halogen free       XO         6                0.038           1,473

TACH SW SOH-113HST       1804-        5                 0.11           1,583
</TABLE>

Model based upon two
weeks production
leaqdtime in addition to
each component leadtime

<PAGE>

                              Scenario description              Enclosure 1 4.2B
                                       Forecast, Flexibility and Liability Model

           DEFINITION OF FORECAST FLEXIBILITY & LIABILITY, THE MODEL.

<TABLE>
<S>                          <C>                  <C>
FORE CAST & LIABILITY                             Fill out yellow and Blue fields
Part no:                     DPY 901 410          Yellow fields to be updated monthly
Description                  Flash                Brown fields calculated by formula
Project                      Alex
Date of "The Model"            19th Sep 2003      Week        Six month rolling F/C for information only
Forecast dated                 19th Sep 2003       38   Month     Sept     Oct     Nov     Dec    Jan    Feb
Leadtime, Call off. Weeks          6                    Week     36-39    40-44   45-48   49-52   1-4    5-8
Leadtime, w/o f.c. Weeks          10                    Volume   128500   147500  104000  62000  62000  62000
Product Price                   7,37
</TABLE>

<TABLE>
<CAPTION>
         Week                 1       2       3       4       5       6      7       8       9      10      11      12        13
<S>                        <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>      <C>
Accumulated BOM cost
 per week, (USD)                0       0       0       0       0       0   1,583   1,473   1,322   1,322       0       0        0
% liability per Week            0%      0%      0%      0%      0%      0%    100%     90%     40%      0%      0%      0%       0%
Week                           39      40      41      42      43      44      45      46      47      48      49      50       51
Average forecast per week  32 125  29 500  29 500  29 500  29 500  29 500  26 000  26 000  26 000  26 000  15 500  15 500   15 500
Maximum liability per
 week, (USD)                    0       0       0       0       0       0  41 158  34 468  13 749       0       0       0        0
Total liability, (USD)     69 375

<CAPTION>
         Week               14      15      16
<S>                       <C>     <C>     <C>
Accumulated BOM cost
per week, (USD)                0       0       0
% liability per Week           0%      0%      0%
Week                          52       1       2
Average forecast per week 15 500  15 500  15 500
Maximum liability per
 week, (USD)                   0       0       0
Total liability, (USD)
</TABLE>

<TABLE>
<CAPTION>
                   FLEXIBILITY
<S>                                                     <C>       <C>
Presently agreed/Installed max. production capacity     37 500     per week
Leadtime to Increase capacity with 50%                      12      Weeks
Leadtime to Increase capacity with 100%                     12      Weeks
Maximum flexibility within Installed capacity to
 increase production per month, upward flexibility.         25    % of volume
                                                                    month 1
</TABLE>

PRICES AND LEADTIME OF SELECTED COMPONENTS.

<TABLE>
<CAPTION>
                                                                    Delta price.
                                   Leadtime                         Weeks 8, 6-
Component               Part no      Weeks            Price, USD       8, 5-8
---------               -------      -----            ----------       ------
<S>                    <C>         <C>                <C>           <C>
Motorola 8 Bit CPU
MC68HC908QT4CDW          0107-
SOIC8                   T4CDWNVO      8                  0.8

WHITE LED DRIVER
MAX1561ETA-T QFN-8       0107-
MAXIM                   61ETAOV1      8                 0.47

SCHOTTKY DIODE           0108-
CUSO2 TOSHIBA           CUS02041      8                0.052           1,322

INDUCTOR                 0401-
LOH32CN220K23           22325191      6                0.044

PCB FR4 DOUBLE-SIDES     0610-
28.4X13.7X1MMX20 gold   RA2GF201
plating Halogen free       XO         6                0.069

PCB FR4 single-SIDES     0601-
20X11X0.5MM Gold        RA1DF202
Plating Halogen free       XO         6                0.038           1,473

TACH SW SOH-113HST       1804-        5                 0.11           1,583
</TABLE>

Model based upon two
weeks production
leaqdtime in addition to
each component leadtime

REMARKS :

THIS NEW MODEL IS ACCEPTABLE TO NAMTAI SINCE THIS LATEST FORECAST GO IN-LINE
WITH THE PREVIOUS AGREED MODEL.

<PAGE>

                              Scenario description              Enclosure 14.2 B
                                       Forecast, Flexibility and Liability Model

           DEFINITION OF FORECAST FLEXIBILITY & LIABILITY, THE MODEL.

<TABLE>
<S>                       <C>              <C>
FORE CAST & LIABILITY                      Fill out yellow and Blue fields
Part no:                  DPY 901 410      Yellow fields to be updated monthly
Description               Flash            Brown fields calculated by formula
Project                   Alex
Date of "The Model"       19th Sep 2003      Week        Six month rolling F/CV for information only
Forecast dated            19th Sep 2003       38   Month     Sept     Oct     Nov     Dec    Jan    Feb
Leadtime, Call off. Weeks        6                 Week     36-39    40-44   45-48   49-52   1-4    5-8
Leadtime, w/o f.c. Weeks        10                 Volume   128500   147500  62000   62000  62000  62000
Product Price                 7,37
</TABLE>

<TABLE>
<CAPTION>
         Week                 1       2       3       4       5       6      7           8          9            10          11
<S>                        <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>             <C>     <C>              <C>
Accumulated BOM cost
per week, (USD)                 0       0       0       0       0       0   1,583   1,583   1,473   1,473  1,473    1,322    1,322
% liability per Week            0%      0%      0%      0%      0%      0%    100%    100%     90%     90%    90%      40%      40 %
Week                           39      40      41      42      43      44      45         46            47        48            49
Average forecast per week  32 125  29 500  29 500  29 500  29 500  29 500  15 500  10 500   5 500  15 500  5 500   10 500   15 500
Maximum liability per
 week, (USD)                    0       0       0       0       0       0  24 537  16 622   6 629  20 548  7 291    5 552    8 196
Total liability, (USD)     89 375

<CAPTION>
         Week                12      13      14      15      16
<S>                        <C>     <C>     <C>     <C>     <C>
Accumulated BOM cost
per week, (USD)                 0       0       0       0       0
% liability per Week            0%      0%      0%      0%      0%
Week                           50      51      52       1       2
Average forecast per week  15 500  15 500  15 500  15 500  15 500
Maximum liability per
 week, (USD)                    0       0       0       0       0
Total liability, (USD)
</TABLE>

<TABLE>
<CAPTION>
                 FLEXIBILITY
<S>                                                     <C>       <C>
Presently agreed/Installed max. production capacity     37 500     per week
Leadtime to Increase capacity with 50%                      12      Weeks
Leadtime to Increase capacity with 100%                     12      Weeks
Maximum flexibility within Installed capacity to
 increase production per month, upward flexibility.         25    % of volume
                                                                    month 1
</TABLE>

PRICES AND LEADTIME OF SELECTED COMPONENTS.

<TABLE>
<CAPTION>
                                                                    Delta price.
                                   Leadtime                          Week 8, 6-
Component               Part no      Weeks            Price. USD       8, 5-8
---------               -------      -----            ----------       ------
<S>                    <C>         <C>                <C>           <C>
Motorola 8 Bit CPU
MC68HC908OT4CDW          0107-
SOIC8                   T4CDWNVO      8                  0.8

WHITE LED DRIVER
MAX1561ETA-T OFN-8       0107-
MAXIM                   61ETAOV1      8                 0.47

SCHOTTKY DIODE           0108-
CUSO2 TOSHIBA           CUS02041      8                0.052           1,322

INDUCTOR                 0401-
LOH32CN220K23           22325191      6                0.044

PCB FR4 DOUBLE-SIDES     0610-
28.4X13.7X1MMX20 gold   RA2GF201
plating Halogen free       xo         6                0.069

PCB FR4 single-SIDES     0601-
20X11X0.5MM Gold        RA1DF202
Plating Halogen free       xo         6                0.038           1,473

TACH SW SOH-113HST       1804-        5                 0.11           1,583
</TABLE>

Model based upon two
weeks production
leaqdtime in addition to
each component leadtime

REMARKS :

1.   THE NEW MODEL IS NOT ACCEPTABLE TO NAMTAI WITH THE ASSUMPTION THAT THE
     WEEKLY OUTPUT IS DROPPED FROM 26K TO 15.5K.

2.   NAMTAI SHALL USE ITS BEST COMMERCIAL EFFORT TO REALLOCATE, DIVEST AND
     CANCEL ANY EXCESS COMPONENTS IN ORDER TO FOLLOW THE NEW FORECAST PROVIDED
     BY SONY ERICSSON.

3.   SONY ERICSSON SHALL ASSUME LIABILITY FOR ANY COMPONENTS COVERED BY THE
     LATEST AGREED MODEL AND THE COMPONENT PRICE IS CALCULATED ON THE AGREED
     UNIT PRICE AS LISTED IN THE LAST AGREED MODEL.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}]]