Document:

<PAGE>

                                                                   EXHIBIT 10.30

Memorandum Of Agreement rev 6

                             MEMORANDUM OF AGREEMENT

                 For the Complete Design and Installation of the

                                  FIT-OUT WORKS

                     FOR AMI SEMICONDUCTOR PHILIPPINES, INC

KNOW ALL MEN THESE PRESENTS:

      This MEMORANDUM OF AGREEMENT (hereinafter referred to for brevity as "THE
AGREEMENT") made and entered into this 13th day of January, 2005 in Makati City,
Metro Manila, between and among-

            AMI SEMICONDUCTOR PHILIPPINES, INC, a registered Export Enterprise
            organized and existing under Philippine Law with offices at 9701 Dr.
            A. Santos Ave., Paranaque City MM Philippines 1700 represented
            herein by its Executive Director for Finance, MR. WILFREDO F.
            FRANCO, hereinafter referred to for brevity as the "AMIS";

                                      -and-

            ILO LAND, INC., a Philippine Economic Zone Authority registered
            Facility Enterprise duly organized and existing under Philippine law
            with offices at 3rd Floor ILO Building 196 G. Araneta Avenue, Quezon
            City represented herein by its Chairman MR. IGNACIO L. ONG,
            hereinafter referred to as "ILO";

                                      -and-

            TAKASAGO PHILIPPINES, INC, a corporation duly organized and existing
            under Philippine law with offices at 4TH Floor Raha Sulayman Bldg.
            108 Benavidez St. Legaspi Village Makati City 1229 Metro

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Memorandum Of Agreement rev 6

            Manila Philippines represented herein by its Sr. Vice President and
            General Manager MR. TOSHIMITSU KATO, hereinafter referred t for
            brevity as the "CONTRACTOR";

                                 WINESSETH: That

      WHEREAS, AMIS, in collaboration with the domestic corporation ILO, desires
to put up and construct a NEW CLEAN ROOM FACILITY AND SUPPORTING BUILDINGS
(referred to as the FIT- OUT WORKS) with total floor areas of 12,620sqm, more or
less, (Annex "F"), located at LAND PLOT LOT NOS. C3 10 AND C2 AT CARMELRAY
INDUSTRIAL PARK II, SEZ, LAGUNA PHILIPPINES, (hereafter the "Premises") which
are be leased to AMIS by ILO pursuant to a written agreement between AMIS and
ILO.

      WHEREAS, AMIS and ILO desire to have the complete installation of the
FIT-OUT WORKS on the Premises;

      WHEREAS, ILO and the CONTRACTOR hereby agree that AMIS is a party in
interest in this agreement and, therefore, is hereby given any and all necessary
legal standing and right to enforce the terms of this AGREEMENT.

      WHEREAS, the CONTRACTOR has presented and warranted itself as capable,
competent, duly licensed and that it possesses the needed expertise, manpower,
equipment and machineries required to construct the FIT-OUT WORKS and has
offered its services to install and complete the FIT-OUT WORKS;

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Memorandum Of Agreement rev 6

      WHEREAS, on the basis of the foregoing representation and warranty of the
CONTRACTOR, AMIS and ILO have accepted the offer of the CONTRATOR to undertake
the aforesaid FIT-OUT WORKS; NOW, THEREFORE, in view of the foregoing premises,
the parties hereto agree to execute this AGREEMENT for the complete construction
and completion of the FIT-OUT WORKS under the following terms and conditions:

ARTICLE 1. CONTRACT PRICE; TERMS OF PAYMENT

      1.01 The Contract Price.

            The CONTRACTOR agrees to perform the design, procurement,
installation and completion of the FIT-OUT WORKS according to the plans and
specifications in annexes "B" and "C" hereto and the remedying of any defects
therein either as to workmanship or quality of materials, for the sum of no more
than UNITED STATES DOLLAR: FIVE MILLION NINE HUNDRED THOUSAND ONLY (USD
5,900,000). The CONTRACTOR shall make best efforts to reduce the total cost
below this amount and will diligently work with AMIS and ILO to achieve such
reduction. The parties agree that, as between ILO and AMIS, AMIS shall be the
sole focal point for the CONTRACTOR in all matters relating to the design,
procurement, installation and completion of the FIT-OUT WORKS and the remedying
of any defects therein.

      1.02  ILO shall pay the cost of the FIT-OUT WORKS up to FIVE MILLION
            UNITED STATES DOLLARS (USD 5,000,000) only pursuant to the terms of
            Section 1.04 below.

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Memorandum Of Agreement rev 6

      1.03  AMIS shall pay up to a maximum amount of NINE HUNCRED THOUSAND
            UNIITED STATES DOLLARS (USD 900,000) PURSUANT to the terms of
            Sections 1.04 and 3.3 below.

      1.04  The CONTRACTOR shall be paid as follows,

            (a)   A down payment of USD 300,000 by AMIS upon ordering by
                  CONTRACTOR of certain equipment to be owned by AMIS, as
                  outlined in annex "D" hereof.

            (b)   Payment by AMIS upon delivery on the construction site of
                  certain equipment to be owned by AMIS, as outlined in annex
                  "D", of up to USD 600,000.

            (c)   A down payment of USD 1,500,000 by ILO upon signing of this
                  Agreement.

            (d)   The remaining USD 3,500,000 of the CONTRACT PRICE shall be
                  paid by ILO, only after receipt of written approval by AMIS,
                  as follows:

                              Upon completion by CONTRACTOR of the first 1000sqm
clean room in accordance with the specifications set forth in Annex "B" and
Annex "C" hereto and written acceptance thereof by AMIS: USD 1,000,000

                              Upon completion by CONTRACTOR of the next 1000sqm
clean room in accordance with the specifications set forth in Annex "B" and
Annex "C" hereto and written acceptance thereof by AMIS: USD 750,000

                              Upon finishing of all clean room facilities in
accordance with the specifications set forth in Annex "B" and Annex "C" hereto
and written (provisional acceptance by AMIS): USD 750,000

                              Upon final written acceptance by AMIS of the
OUT WORKS         :           FIT- USD 500,000

         RETENTION            Six (6) months after Final Acceptance : USD
                              500,000

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Memorandum Of Agreement rev 6

ARTICLE 2. TIME COMPLETION

2.01 Time of Completion for the FIT-OUT WORKS.

      The FIT-OUT WORKS called for under this AGREEMENT must be completed with
the requisite permit within six months (6) months counted from date of signature
of this contract.

2.02 The CONTRACTOR hereby agrees to complete, according to the specifications
set forth in Annex "B" and Annex "C", deliver and hand-over the priority area of
1,000 sqm of Class 10K clean room to AMIS on or before April 15, 2005 and an
additional 1,000 sqm of 10K clean room by May 15, 2005.

2.03 In order to achieve the deadlines set forth in 2.02, the CONTRACTOR may
need to charge for additional labor and local delivery expedite cost. AMIS
accepts to pay such cost up to a limit of USD 50,000 upon justification once the
deadline was achieved. Furthermore, the CONTRACTOR shall provide, within one
week after contract signature, the full list of needed equipment with their
required on-site dates and the current estimated availability dates.
Representatives from the CONTRACTOR and AMIS will have weekly meetings to update
this list and jointly decide which equipment needs to be expedited. Resulting
expedite costs, if agreed to in writing by AMIS, shall be reimbursed by AMIS to
the CONTRACTOR.

2.04 The CONTRACTOR shall pay a penalty of 0.1% of the total CONTRACT PRICE for
every day delay compared to the timing defined in 2.01 and 2.02, which
amount(s), if any, may be deducted by AMIS from the amounts owed to CONTRACTOR
hereunder. A two weeks grace period will apply, during which no penalty will be
charged. If the delay exceeds the grace period, then the full penalty will be
charged, starting from the original deadline date. The maximum penalty shall not
exceed five percent (5%) of the CONTRACT PRICE.

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Memorandum Of Agreement rev 6

ARTICLE 3. SCOPE OF WORKS

      3.1 The CONTRACTOR shall construct, build and complete the FIT-OUT WORKS
strictly in accordance with the approved plans, drawings and specifications set
out in Annex "B" and Annex "C" and with the Quotation # 165-04-R4C1 and 2 in
Annex "E".

      3.2 The CONTRACTOR shall provide all labor, supplies, equipment and needed
materials for the FIT-OUT WORKS.

      3.3 AMIS shall review and approve the construction plan, drawings and
specifications before the start of the work. Any changes from the approved plan
and Specifications will be documented in a written amendment to this agreement
and/or The applicable ANNEX, which amendment shall include any required
adjustment to The Contract Price and/or schedules and shall be signed by both
parties.

ARTICLE 4. PURCHASE AGREEMENT OF IMPORTED EQUIPMENT.

4.1 It is hereby understood and agreed by the parties that all imported
equipment needed by the work, as defined in Annex "D", shall be imported by AMIS
or ILO.

4.2 It is also hereby understood and agreed by THE PARTIES that AMIS and ILO
will help in the procurement and release from Manila port of these equipment.
This AGREEMENT also authorizes the CONTRACTOR, to buy at cost for AMIS or ILO
all the imported equipment as indicated in Annex D. CONTRACTOR shall complete
all acts necessary to ensure that title to such equipment is in the name of AMIS
OR ILO. Should AMIS OR ILO need assistance from CONTRACTOR in

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Memorandum Of Agreement rev 6

perfecting its title to the equipment, CONTRACTOR will promptly do all acts
helpful or necessary without charge. CONTRACTOR shall be solely responsible for
payment of the purchase price for all such equipment, WITH AMIS AND ILO being
responsible only for paying the amounts set forth in Section 1.04 of this
agreement.

ARTICLE 5. GUARANTEE AFTER COMPLETION

5.01 The CONTRACTOR shall guarantee all FIT-OUT WORKS including all equipments
supplied by the CONTRACTOR, upon their completion until one (1) year from the
date of final acceptance of the project by AMIS. The defects within the
CONTRACTOR'S scope of works within said guarantee period shall be replaced and
made good by the CONTRACTOR at its own expense. However, defects caused by wear
and tear, intentional or accidental breakage shall not be included in this
guarantee.

      However, nothing in this Article shall in any way affect or relieve the
CONTRACTOR of its responsibility to the correctness and stability of the entire
FIT-OUT WORKS.

ARTICLE 6. EFFECTIVITY OF THE CONTRACT

6.1 Conditions Precedent.

The effectivity of this AGREEMENT shall be subject to the fulfillment of the
following conditions precedent to the satisfaction of AMIS and ILO:

            (a)   the execution and delivery of this AGREEMENT by the parties;

            (b)   the submission by the CONTRACTOR to and the acceptance by the
                  AMIS and ILO of proof that the CONTRACTOR has taken all
                  corporate and/or legal action which may be required and/or
                  necessary to make this contract legal, valid and binding
                  between the parties.

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Memorandum Of Agreement rev 6

6.2 Effectivity and Notice.

the fulfillment of the conditions precedent set forth above shall be confirmed
by a written notice to that effect by AMIS AND ILO to the CONTRACTOR. Hence,
this AGREEMENT shall be deemed effective as of the date indicated in such
notice.

ARTICLE 7. THE CONTRACT DOCUMENTS

7.01 The Contract Documents.

      The CONTRACT DOCUMENTS between the parties relative to the FIT-OUT WORKS
shall consist and shall include all the following documents and any amendment/s
and/or supplement's to any or all of such documents, to wit:

      (a)   this MEMORANDUM OF AGREEMENT;

      (b)   Drawing Plans consisting of ____ pages as Annex "A" hereof,

      (c)   Specifications consisting of ____ pages as Annex "B" hereof,

      (d)   Bid Bulletin Nos. __________ as Annex "C" hereof, consisting of ___
            pages.

      (e)   List of Equipments to be property of AMIS OR ILO consisting of ___
            pages as Annex "D" hereof,

      (f)   Quotation #165-04-R4C consisting of ___ pages as Annex "E" hereof,

      (g)   Floor Area Description and Condition consisting of ___ pages as
            Annex "F" hereof,

7.02 Amendment/s and/or Supplement/s. Any amended and/or supplement to the
CONTRACT DOCUMENTS shall be binding only if signed by both parties.

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Memorandum Of Agreement rev 6

7.03 Official Copies of CONTRACT DOCUMENTS. For purposes hereof, only the copies
of the above mentioned AGREEMENT and their annexes, if any, which are initialed
on each and every page thereof by the duly authorized representative of AMIS and
ILO and the CONTRACTOR shall be the official copies of said AGREEMENT.

ARTICLE 8. GUARANTEE/WARRANTY

 8.01  The CONTRACTOR guarantees and warrants that all works under the AGREEMENT
      are in accordance with the drawings, plans and specifications set out in
      Annex "B" and Annex "C" hereto and shall make good for its own account any
      defect or defects which may later be discovered except those arising from
      ordinary wear and tear for a period of one (1) year from the date of
      issuance of the Certificate of Final Acceptance and those caused by
      negligence or fault of AMI/ILO or caused by force majeure. The CONTRACTOR
      shall likewise put up the necessary CONTRACTOR'S ALL RISK INSURANCE as
      called for in the bid documents. The CONTRACTOR warrants to AMIS AND ILO
      that all materials and equipment furnished under and in connection with
      the FIT-OUT WORKS shall be new unless otherwise agreed in writing by both
      AMIS AND ILO. CONTRACTOR further warrants that the FIT-OUT WORKS shall be
      of good quality, free from material faults, defects and omissions and in
      conformance with the applicable rules and regulations of the Philippine
      and any local governments. The CONTRACTOR further warrants that the
      FIT-OUT WORKS shall be free and clear of all liens, claims, security
      interests or encumbrances in favor of CONTRACTOR, any subcontractor,
      material suppliers or others making

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Memorandum Of Agreement rev 6

      a claim by reason of having provided labor, materials and equipment
      relating to the FIT-OUT WORKS. If requested by AMIS OR ILO, CONTRACTOR
      will furnish satisfactory evidence as to the kind and quality of materials
      and equipment furnished hereunder.

8.02  Representatives and Warranties. In addition, the CONTRACTOR makes the
      following additional and special representations and warranties to and in
      favor of AMIS and ILO:

            (a)   The CONTRACTOR has full corporate and legal capacity and
                  authority to enter into this AGREEMENT and to perform its
                  obligations hereunder. Likewise, it has taken all corporate
                  and legal action which may be required or necessary to
                  authorize the execution, delivery and performance of this
                  AGREEMENT.

            (b)   The CONTRACTOR has the professional and technical staff and
                  personnel whose members possess the required and appropriate
                  professional capabilities, qualifications and technical
                  expertise and that it has the necessary equipment, machinery
                  and facilities to perform the FIT-OUT WORKS and to undertake
                  and complete the same in satisfactory, efficient and timely
                  manner.

            (c)   The CONTRACTOR has adequate financial resources to undertake
                  the FIT-OUT WORKS and to prosecute and complete the same,
                  under this AGREEMENT to fund its compliance with its
                  obligation hereunder.

            (d)   Each of the Contract Documents constitutes the legal, valid
                  and binding obligation of the CONTRACTOR enforceable against
                  it in accordance with its terms.

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Memorandum Of Agreement rev 6

      8.03 Special Covenants and Commitments. The CONTRACTOR shall be subject to
the following covenants/commitments:

            (a)   It shall assume full responsibility for the procurement of all
                  materials, equipment and supplies required for the FIT-OUT
                  WORKS including, if any, its subcontractor's requirements;
                  further, it warrants the availability of all such materials
                  and supplies and when needed.

            (b)   In pursuance of the covenants/commitments under the preceding
                  paragraph, the CONTRACTOR further agrees that the
                  unavailability of required materials and supplies shall not
                  constitute as a valid defense for its failure or delay to
                  complete the FIT-OUT WORKS.

            (c)   It shall at all times provide at the site all equipment,
                  machinery and skilled manpower needed for the prompt and
                  timely completion of the FIT-OUT WORKS.

ARTICLE 9. CONTRACTOR'S DAFAULT AND ITS EFFECTS

      9.01 Default. Non-Performance of any obligation shall constitute an event
of default on the part of the CONTRACTOR under this AGREEMENT.

      9.02 Effects of Default. Upon the occurrence of an event of default, AMIS
or ILO may, after service of notice on the CONTRACTOR, avail itself of any one
or all of the following remedies:

            (a)   Terminate this AGREEMENT;

            (b)   Suspend any or all payments due or to become due to the
                  CONTRACTOR or;

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Memorandum Of Agreement rev 6

            (c)   Take over and complete the FIT-OUT WORKS by itself or through
                  another or other contractor(s), and charge all related costs
                  back to the CONTRACTOR.

ARTICLE 10. COMPLIANCE WITH LAWS/REGULATIONS

      10.01 In completing the FIT-OUT WORKS, the CONTRACTOR shall secure, at its
expense, the pertinent permits and requirements and shall comply with all
existing laws, executive and administrative orders, rules and regulations issued
or to be issued by competent authority.

ARTICLE 11. MISCELLANEOUS PROVISIONS

      11.01 Settlement of Disputes. The parties agreed to exert their best
effort to resolve any dispute which may arise between them under the AGREEMENT
through amicable settlement before a case will be filed be either of them in
court.

      11.02 Waiver. The failure of either party to enforce its rights hereunder
shall not be deemed a waiver thereof unless made in writing and signed by the
party making the waiver.

      11.03. Assignability of the AGREEMENT. Neither party shall assign its
rights under this AGREEMENT or any part thereof without the written concurrence
of the other.

      11.04. CONTRACTOR shall follow and at all times be in compliance with all
applicable safety and environmental regulations and keep the work site free from
debris and unsafe conditions resulting from the FIT-OUT WORKS.

      11.05 CONTRACTOR agrees that all of the plans and specifications for the
FIT-OUT WORKS are the sole property of AMIS.

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Memorandum Of Agreement rev 6

      IN WITNESS WHEREOF, the parties have hereunto set their hands at the place
and on the date above written.

AMI SEMICONDUCTOR, PHILS, INC               ILO LAND INC.

By:                                         By:

WILFREDO F. FRANCO                          IGNACIO L. ONG
Executive Director for Finance              Chairman
Passport No. GG681948                       Passport No.22091083

TAKASAGO PHILIPPINES, INC.

By:

Toshimitsu Kato
Sr. Vice President/General Manager
Passport No. TZ0116844
Date Issue: June 8, 1999

                           SIGNED IN THE PRESENCE OF:
______________________________                 _________________________
JOEY CESAR R. ROMERO

                                 ACKNOWLEDGEMENT

                                                                         Page 13
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Memorandum Of Agreement rev 6

REPUBLIC OF THE PHILIPPINES)
MAKATI CITY                )S.S.

      BEFORE ME, A Notary Public for and in _________________, this _________
day of ____________, 2005, personally appeared the following:

         NAME       CTC NO.    DATE/PLACE OF ISSUE
------------------  ---------  -------------------
Toshimitsu Kato     TZ0116844  June 8, 1999

Wilfredo F. Franco  GG681948   January 23, 2001

Ignacio L. Ong      22091083   September 6, 2002

Both known to make and to me known to be the same persons who executed the
foregoing CONTRACT, consisting of eleven (11) pages including this page whereon
the ACKNOWLEDGEMENT is written, duly signed by them and their instrumental
witnesses and all pages and they acknowledged to me that the same is their free
and voluntary act and deed and of the corporation herein represented.

      WITNESS MY HAND AND SEAL at the place and on the date first above written.

Doc. No. ________;
Page No. ________;
Book No. ________;
Series of 1997

                                                                         Page 14
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Amendment1 to Memorandum Of Agreement

                               AMENDMENT 1 TO THE

                             MEMORANDUM OF AGREEMENT

                            EXECUTED JANUARY 13, 2005

KNOW ALL MEN BY THESE PRESENTS:

            AMI SEMICONDUCTOR PHILIPPINES, INC., a registered Export Enterprise
            organized and existing under Philippine Law with offices at 9701 Dr.
            A. Santos Ave., Paranaque City MM Philippines 1700 represented
            herein by its President, MR. CHRISTOPHER K. LAYTON, hereinafter
            referred to for brevity as the "AMIS";

                                      -and-

            ILO LAND, INC., a Philippine Economic Zone Authority registered
            Facility Enterprise duly organized and existing under Philippine law
            with offices at 3rd Floor ILO Building 196 G. Araneta Avenue, Quezon
            City represented herein by its Chairman MR. IGNACIO L. ONG,
            hereinafter referred to as "ILO";

                                      -and-

            TAKASAGO PHILIPPINES, INC, a corporation duly organized and existing
            under Philippine law with offices at 4TH Floor Raha Sulayman Bldg.
            108 Benavidez St. Legaspi Village Makati City 1229 Metro Manila
            Philippines represented herein by its Sr. Vice President and General
            Manager MR. TOSHIMITSU KATO, hereinafter referred to for brevity as
            the "CONTRACTOR";

                                                                     Page 1 of 5
<PAGE>

Amendment1 to Memorandum Of Agreement

                                   WITNESSETH:

WHEREAS ILO and AMIS, along with CONTRACTOR are a party to that certain
Memorandum of Agreement signed by and between them on January 13, 2005, which
relates to the construction of the "FIT-OUT WORKS" for the Leased Premises.

WHEREAS, that Memorandum of Agreement and the provisions of Section 1.0 hereof,
most specifically Section 1.02 and 1.03, assumed that ILO would pay $5,000,000
of the expenses associated with the FIT-OUT WORKS AND AMIS would pay $900,000 of
such expenses,

WHEREAS ILO AND AMIS have now agreed to modify this arrangement so that AMIS
pays an increased amount of the expenses associated with the FIT-OUT WORKS in
exchange for a reduction in rent under this Contract,

NOW THEREFORE, ILO, AMIS AND CONTRACTOR hereby agree to the following amendments
to MEMORANDUM OF AGREEMENT:

SECTIONS 1.02, 1.03 AND 1.04 ARE DELETED AND REPLACED WITH THE FOLLOWING:

      1.02 ILO shall pay the cost of the FIT-OUT WORKS up to Three Million Nine
      Hundred Eighty Three Thousand Eight Hundred Thirty Six UNITED STATES
      DOLLARS (USD 3,983,836) only pursuant to the terms of Section 1.04 below.

      1.03  AMIS shall pay up to a maximum amount of One Million Nine Hundred
            Sixteen Thousand One Hundred Sixty Four UNITED STATES DOLLARS (USD
            1,916,164) pursuant to the terms of Sections 1.04 and 3.3 below.

      1.04  The CONTRACTOR shall be paid as follows,

      (a)   A down payment of USD 300,000 by AMIS upon ordering by CONTRACTOR of
            certain equipment to be owned by AMIS, as outlined in annex "D"
            hereof.

                                                                     Page 2 of 5
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Amendment1 to Memorandum Of Agreement

      (b)   Payment by AMIS upon delivery on the construction site of certain
            equipment to be owned by AMIS, as outlined in Annex "D", of up to
            USD 600,000.

      (c)   A down payment of USD 1,500,000 by ILO upon signing of this
            Agreement.

      (d)   The remaining USD 3,500,000 of the CONTRACT PRICE shall be paid,
            only after receipt of written approval by AMIS, as follows:

            Upon completion by CONTRACTOR of the first 1000sqm clean room in
accordance with the specifications set forth in Annex "B" and Annex "C" hereto
and written acceptance thereof by AMIS, AMIS will pay USD1, 016,164 as
compensation for imported equipment and materials.

            Upon completion by CONTRACTOR of the next 1000sqm clean room in
accordance with the specifications set forth in Annex "B" and Annex "C" hereto
and written acceptance thereof by AMIS: USD 733,836, to be paid by ILO.

            Upon finishing of all clean room facilities in accordance with the
specifications set forth in Annex "B" and Annex "C" hereto and written
(provisional acceptance by AMIS): USD 750,000 to be paid by ILO.

            Upon final written acceptance by AMIS of the FIT-OUT WORKS: USD
500,000 to be paid by ILO.

      RETENTION: Six (6) months after Final Acceptance: USD 500,000 to be paid
      by ILO.

IN WITNESS WHEREOF, the parties have hereunto set their hands at the place and
on the date above written.

AMI SEMICONDUCTOR, PHILS, INC               ILO LAND INC.

By:                                         By:

Christopher Layton                          Ignacio L. Ong
President                                   Chairman
Passport No. ____________                   Passport No._____________

                                                                     Page 3 of 5
<PAGE>

Amendment1 to Memorandum Of Agreement

TAKASAGO PHILIPPINES, INC.

By:

Toshimitsu Kato
Sr. Vice President/General Manager
Passport No. TZ0116844
Date Issue: June 8, 1999

                           SIGNED IN THE PRESENCE OF:

___________________________                 ___________________________________
Joey Cesar R. Romero

                                                                     Page 4 of 5
<PAGE>

Amendment1 to Memorandum Of Agreement

                                 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)
MAKATI CITY) S.S.

      BEFORE ME, A Notary Public for and in _________________, this _________
day of ____________, 2005, personally appeared the following:

         Name               CTC No.       Date/Place of Issue
---------------------      ---------      -------------------------
Ignacio L. Ong              22091083      September 05, 2002

Christopher K. Layton      702744168      Nov. 29, 2000/British Mla

Toshimitsu Kato            TZ0116844      June 8, 1999

Both known to make and to me known to be the same persons who executed the
foregoing CONTRACT, consisting of five (5) pages including this page whereon the
ACKNOWLEDGEMENT is written, duly signed by them and their instrumental witnesses
and all pages and they acknowledged to me that the same is their free and
voluntary act and deed and of the corporation herein represented.

      WITNESS MY HAND AND SEAL at the place and on the date first above written.

Doc. No. ________;
Page No. ________;
Book No. ________;
Series of 1997.

                                                                     Page 5 of 5<PAGE>

                                                                   EXHIBIT 10.31

                              Terms of Compensation

Name:             Jon Stoner

Title:            Senior Vice President and Chief Technical Officer

Base Salary:      $200,000, increased to $210,000 on February 1, 2005

Bonus Plan:       Eligible for participation in the company's Key Manager
                  Incentive Program with a target payout at 50% of base salary
                  and a maximum payout of 150% of base salary

Stock Options:    50,000 shares, with an exercise price = fair market
                  value on grant date, vesting 1/4 on the first anniversary of
                  the grant date and an additional 1/48 monthly thereafter

Health Benefits:  eligible for group insurance program consisting of a
                  hospital, surgical, major medical, life, dependent life,
                  accidental death insurance and dental plan, and an annual
                  executive physical

401K:             company match of 50% of the employee's first 6% contribution,
                  not to exceed 50% of the 402(g) limit

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