Document:

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                                                                    EXHIBIT 10.7

PORTIONS OF THIS DOCUMENT INDICATED BY AN [***] HAVE BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT OF SUCH INFORMATION.

                                  [SENDO LOGO]

                               SENDO AMERICA, INC.

                                       AND

                                BRIGHTSTAR CORP.

                       DATED THIS 30TH DAY OF JANUARY 2003

                            DISTRIBUTORSHIP AGREEMENT
                ------------------------------------------------

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THIS AGREEMENT is made as of the 30th day of January 2003 ("EFFECTIVE DATE")

BETWEEN

(1)      SENDO AMERICA, INC., a company incorporated under the laws of the State
         of Delaware, with a principal place of business at 909 E. Lake Carolyn
         Parkway, Suite 1950, Irving, Texas 75039 (the "SUPPLIER"); and

(2)      BRIGHTSTAR CORP., a company incorporated under the laws of the State of
         Delaware, with a principal place of business at 2010 N.W. 84th Ave.,
         Miami, FL 33122. (the "DISTRIBUTOR").

BACKGROUND:

A.       The Supplier is in the business of designing, developing, manufacturing
         and supplying mobile telephone handsets and accessories ("Products").

B.       The Distributor has a sales organization in Latin America, including,
         the Caribbean Countries and Brazil, and wishes to sell, market and
         distribute the Products in the Territory (as defined herein) under the
         terms and conditions of this Agreement.

C.       The Supplier wishes to appoint the Distributor as a distributor for the
         sale of the Products in the Territory and the Distributor wishes to
         accept such appointment:

NOW IT IS HEREBY AGREED as follows:

1.       DEFINITIONS AND INTERPRETATION

1.1      In this Agreement, the following expressions shall have the following
         meanings unless the context requires otherwise:

         "AGREEMENT" means this distributorship agreement and the recitals,
         preamble and schedules hereto;

         "BUSINESS DAY" means a day other than a Saturday, Sunday or public
         holiday on which banks are open for business in the United States

         "CONFIDENTIAL INFORMATION" means all knowledge or information of a
         confidential nature relating to the business affairs or the Products
         and any data, materials, drawings, specifications, documents or
         information obtained or used in conjunction with the Products or any
         designs, trade secrets, customer lists, intellectual and industrial
         property, drawings, specifications, information, data or knowledge
         relating to customers, sales market conditions, negotiations,
         development programs, costs, products, apparatus, equipment, processes,
         formulas, financing arrangements, manufacturing methods, operations,
         materials, equipment, compositions, designs, plans or marketing
         opportunities of any of the parties hereto;

         "CONTRACT" means from time to time any purchase order, contract,
         memorandum or agreement in writing between and agreed to by the
         Supplier and the Distributor for the purchase of Products;

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         "DELIVERYPOINT" means the delivery address established by the
         Distributor within the Territory or Miami, Florida, USA;

         "DISTRIBUTOR WAREHOUSE" shall mean the warehouse destination
         established by the Distributor within the Territory or in Miami,
         Florida, USA;

         "EFFECTIVE DATE" means the date of this Agreement as stated in the
         preamble above;

         "CIF" means the cost, insurance and freight term as defined in
         Incoterms 2000;

         "FORCE MAJEURE" means an event which the party asserting Force Majeure
         could not reasonably have protected itself and which prevents such
         party from performing the relevant obligation (but for greater
         certainty does not include lack of funds as an event excusing the
         obligation to pay for the Products) including, without limitation,
         strike, lock-out or other labour disturbances, labour shortages,
         inability to obtain suitable raw materials, component and part
         shortages, fuel and means of transportation, act of God, war, riot,
         civil commotion, national dispute, malicious damage, compliance with a
         law or governmental order, rule, regulation or direction, accident,
         breakdown of plant or machinery, fire, flood, storm and other natural
         phenomena, explosions, vandalism, riots, civil commotions, sabotage,
         terrorist acts, blockages, embargoes, epidemics, difficulty or
         increased expense in obtaining workers, materials or transport and any
         other circumstances affecting the supply of goods or services;

         "INTELLECTUAL PROPERTY" means the right to:

         (a)      all inventions,
         (b)      all granted patents for inventions, including reissue thereof,
         (c)      all patent applications,
         (d)      all trademarks and trademark applications,
         (e)      all copyrights and copyright applications,
         (f)      all and any other industrial or intellectual property rights
                  including all relevant information which has been recorded in
                  any manner whatsoever, and
         (g)      all know-how;

         in each case constituting, forming a part of or relating to the
         Products or any part thereof;

         "NON DISCLOSURE AGREEMENT" means the Non Disclosure Agreement entered
         into between the Supplier and the Distributor of November 2002;

         "PURCHASE ORDER" means any purchase order for the supply and delivery
         of Products placed by the Distributor with the Supplier from time to
         time pursuant to Clause 7 of this Agreement;

         "PRODUCTS" shall mean the mobile telephone handsets and related
         accessories now or hereafter produced and/or generally distributed by
         the Supplier.

         "TERRITORY" means all of Latin America, excluding Brazil, but including
         the Caribbean Countries.

         "TRADE MARKS" means the trade marks listed in Schedule 3 together with
         any further trade marks used by the Supplier or in respect of which the
         Supplier may become the proprietor in the Territory in respect of the
         Products

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1.2      References to "Clauses", "Sections" and "Schedules" are references to
         clauses and sections in and schedules to this Agreement.

1.3      References to persons include references to individuals, firms,
         companies, corporations and unincorporated bodies of persons and vice
         versa.

1.4      References to the singular number include references to the plural and
         vice versa.

1.5      References to statutory provisions shall be construed as references to
         those provisions as respectively amended or re-enacted (whether before
         or after the date hereof) from time to time and shall include any
         provision of which they are re-enactments (whether with or without
         modification) and any subordinate legislation made under provisions.

1.6      References to a "affiliate" means an entity

         (i)      which is directly or indirectly controlling such Party;
         (ii)     which is under the same direct or indirect ownership or
                  control as such Party; or
         (iii)    which is directly or indirectly owned or controlled by such
                  Party.

         For these purposes, an entity shall be treated as being controlled by
         another if that other entity has fifty percent (50 %) or more of votes
         in such entity, is able to direct its affairs and/or to control the
         composition of its board of directors or equivalent body.

2.       APPOINTMENT

2.1      The Supplier hereby appoints the Distributor and the Distributor
         accepts such appointment as: (i) a non-exclusive distributor in the
         Territory for the distribution and sale of the Products subject to the
         terms and conditions contained herein; and (ii) for so long as the
         Distributor purchases the quantity of Products set forth in Clause 7.4
         as the minimum purchase requirements, the exclusive distributor to
         those customers designated as "Special Assignment" in Schedule 5 hereto
         within the regions specified in such schedule. Without limiting and in
         furtherance of clause (ii) above, for so long as the Distributor
         purchases the quantity of Products set forth in Clause 7.4 hereof as
         the minimum purchase requirements, the Supplier agrees for the term of
         this Agreement not to appoint another distributor of Products or sell
         directly to those customers designated as a Special Assignment in
         Schedule 5 to supply Products to network operators, or dealer/agents in
         the Territory unless any operator requests that the Supplier use a
         distributor other than the Distributor for supply of Products to such
         operator.

2.2      For so long as the Distributor purchases the quantity of Products set
         forth in Clause 7.4 as the minimum purchase requirements, Supplier
         shall not solicit any Special Assignment to purchase Products from any
         person or entity other than Distributor. Notwithstanding the foregoing,
         in the event a Special Assignment requests in writing that Supplier not
         use Distributor for a reason other than price, Supplier may elect to
         sell Products directly to that Special Assignment by providing written
         notice to Distributor cancelling the Special Assignment status of the
         customer; provided, that Supplier shall pay to Distributor on the
         fifteenth (15) day of each month during the six (6) month period
         following the date of termination of the customer's status as a Special
         Assignment, a commission equal to [***] percent [***] % of all sales to
         that Special Assignment during the immediately preceding month. This
         provision shall survive the termination of this Agreement.

3.       TERM

3.1      This Agreement shall come into force on the date of this Agreement and
         shall, subject to the termination and renewal provisions herein,
         continue for a period of one (1) year from the Effective Date.

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3.2      This Agreement shall be automatically renewed, unless terminated
         earlier pursuant to Clause 19, on the expiration date of the initial
         term and on each subsequent renewal thereof for a further period of one
         (1) year unless at least ninety (90) calendar days prior to the
         expiration date, unless either the Supplier or the Distributor shall
         give the other written notice stating that the Agreement shall
         terminate on expiry.

4.       PURCHASE OF PRODUCTS

4.1      The Distributor covenants to the Supplier that neither the Distributor
         nor any of its affiliates shall purchase the Products from any party
         whatsoever other than from the Supplier.

5.       PRICES

5.1      The price for any of the Products purchased by the Distributor from the
         Supplier shall be as set out in Schedule 1. From time to time Supplier
         may issue a revised and restated Schedule 1, which shall after thirty
         (30) days of receipt by Distributor shall be deemed incorporated into
         this Agreement and shall supersede the then existing Schedule 1.

5.2      Distributor shall be responsible for all taxes (including but not
         limited to value added tax ("VAT") and sales tax), customs, duties,
         import or other fees or other charges imposed by any governmental
         entity arising with respect to the sales of Products by Supplier to
         Distributor, except any taxes that may be based on Supplier's net
         income. Where, pursuant to the terms of the Agreement, the Supplier
         makes a supply to the Distributor and VAT or sales tax is or becomes
         chargeable on such supply, the Distributor shall pay to the Supplier
         (in addition to any other consideration for such supply and at the same
         time as paying or providing such consideration) a sum in the local
         currency of the country in which the supply is made for VAT or sales
         tax purposes equal to the amount of such VAT or sales tax.

5.3      [***]

5.4      Supplier will provide rebates to Distributor based on volumes
         (quantity) purchased as per a Joint Promotional Understanding Agreement
         to be negotiated on a quarterly basis.

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6.       METHOD OF PAYMENT

6.1      The purchase of all Products under this Agreement or any Purchase Order
         shall be payable within [***] days after delivery of relevant Products
         as specified in the relevant Contract and otherwise pursuant to the
         terms and conditions of the credit line, as determined by Supplier in
         its sole discretion, to be extended by Supplier to Distributor.
         Distributor agrees to furnish information reasonably required in
         Supplier's credit qualification process and to update such information
         from time to time during the term of this Agreement, as requested by
         Supplier.

6.2      All prices are in US Dollars and payments are to be made in US Dollars.

7.       PLACEMENT OF ORDERS AND FORECASTS

7.1      Each time the Distributor wishes to obtain Products from the Supplier,
         the Distributor shall forward to the Supplier a Purchase Order, in such
         form and content as is required pursuant to Clause 7.2. Within 5
         business days of the receipt of any Contract, the Supplier shall advise
         the Distributor if the Purchase Order is accepted or rejected. The
         Distributor shall be bound by the requirements for Products set out in
         Purchase Orders that are accepted by the Supplier. Acknowledgement of
         receipt of a Purchase Order shall not constitute acceptance.

7.2      Each Purchase Order shall be in writing and shall state: (a) the date
         of the Purchase Order; (b) the name and/or description of the
         Product(s); (c) the quantity; (d) date and location of delivery; (e)
         price; and (f) such other relevant information as may reasonably be
         required by the Supplier for the supply of the Products. The requested
         delivery date shall be three (3) weeks after Supplier's receipt of the
         Purchase Order, unless Supplier notifies Distributor within three (3)
         business days of receipt that a later delivery date is required.

7.3      In order to assist the Supplier with production scheduling, the
         Distributor shall provide the Supplier by the second (2nd) day of each
         month a twelve (12) month rolling forecast of the Distributor's
         anticipated requirements for Products. The initial forecast shall
         include a firm commitment by the Distributor to purchase units of the
         Products specified for the thirty (30) days following the date of the
         forecast, and notwithstanding the twelve (12) month rolling forecast,
         all orders shall be pursuant to a written Purchase Order.

7.4      The Distributor shall use its best efforts to purchase [***] handsets
         in the 12 months immediately following the Effective Date, in
         accordance with the following purchase schedule:

                                                UNITS
                                                -----
                    Q1 2003                      [***]
                    Q2 2003                      [***]
                    Q3 2003                      [***]
                    Q4 2003                      [***]

8.       DELIVERY

8.1      The Supplier shall use reasonable efforts to fulfill the requirements
         of the Distributor as to the delivery of all Products pursuant to the
         relevant Purchase Order that has been accepted by the Supplier, subject
         to availability of Products and its manufacturing production and supply
         schedules. Supplier will not be liable to Distributor or any third

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         party for any damages due to Supplier's failure to fill any Purchase
         Order or for any delay in delivery or error in filling any Purchase
         Order for any reason whatsoever; however, except for a Force Majeure,
         Distributor shall have the right to cancel any Purchase Order that is
         not delivered within ten (10) days of the date of delivery specified in
         the Purchase Order. In the event of a Force Majeure, the period
         specified in Clause 7.4 shall be extended accordingly.

8.2      Unless otherwise expressly agreed, the Supplier may deliver Products in
         one or more instalments

8.3      In the event that the Supplier determines that delivery of any Products
         on the date specified for delivery in the relevant Purchase Order is
         unlikely, the Supplier shall advise the Distributor and provide the
         Distributor with a proposed alternate time for delivery; however,
         except for a Force Majeure, Distributor shall have the right to cancel
         any Purchase Order that is not delivered within ten (10) days of the
         date of delivery specified in the Purchase Order.

8.4      All deliveries of Products sold by Supplier to Distributor pursuant to
         this Agreement shall be made CIF shipping point with all freight
         charges to be paid by Distributor by separate invoice either "freight
         collect" or "freight prepay and add". Distributor shall be responsible
         for unloading the Products at delivery.

8.5      The UN Conventional on the International Sale of Goods shall not apply.

9.       INSPECTION

9.1      The Distributor shall inspect the Products delivered by the Supplier
         within five (5) business days after receipt. The Distributor shall
         provide the Supplier within five (5) business days after the Products
         are delivered to the Delivery Point with full particulars of any
         delivery shortage or damage to the Products or that were caused in the
         course of delivery together with all necessary evidence of such
         shortage or damage.

9.2      In the event of any loss or damages reported to Supplier as required
         under Clause 9.1, Supplier's only obligation is, at its option, to
         replace any shortage or non-delivery or refund the purchase price paid
         by Distributor to Supplier therefor; or replace or repair any Products
         that are damaged or defective; provided, that all repairs or
         replacements occur within thirty (30) days after notification to
         Supplier.

10.      TITLE AND RISK

10.1     Risk of damage or loss of the Products shall pass to Distributor upon
         delivery to Delivery Point.

10.2     The Distributor shall at its own expense take out and secure the
         continuance of an all-risk insurance policy in respect of all Products
         supplied in accordance with this Agreement to their total value at
         replacement cost. Such policy shall cover the goods from and including
         the date on which they are delivered to the Delivery Point.

10.3     Any property of the Distributor in the Supplier's possession or under
         its control and all property supplied to the Supplier by or on behalf
         of the Distributor are held by the Supplier at the Distributor's risk.

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11.      WARRANTY

11.1     The Supplier warrants that all Products meet the specifications
         therefor and are free from defects in material or workmanship for a
         period equal to the later of (i) twelve (12) months from the date of
         purchase by end user or (ii) fifteen (15) months from the date of
         manufacture of the Products as determined by the date code in the
         Product. Supplier is responsible for replacing or repairing Products,
         at its option, that are defective under normal working conditions
         subject to any applicable exclusion or limitation in the standard
         warranty terms attached hereto as Schedule 2, and as Schedule 2 may be
         amended by Supplier from time to time.

11.2     The warranty in Clause 11.1 is (to the full extent permissible by law)
         expressly in lieu of all other conditions and warranties express,
         implied, or statutory, including without limitation any implied
         warranties or merchantability or of fitness for purpose and all other
         obligations and liabilities of Supplier with respect to any defect or
         deficiency applicable to or resulting directly or indirectly from, the
         products supplied by Supplier, whether in contract or in tort or
         otherwise, Supplier's liability shall under no circumstances exceed the
         invoice price of any Products for which warranty claim is made.

11.3     Distributor will provide its customers with documentation setting out
         the terms of Supplier's warranty and repair policy. Distributor shall
         not make any promises or representations or offer any warranties or
         guarantees beyond those clearly stated in this Agreement without the
         Supplier's consent.

11.4     The Supplier will provide spare Handsets ("seed stock units") for the
         term of the Agreement in the amount of [***] percent ([***]%) of the
         number of the Supplier's units currently under warranty, such amounts
         to include seed stock units held at Brightstar's Miami Distribution
         center or such other location in the Territory specified by
         Distributor. Title to seed stock units shall remain in the Supplier.

12.      DISTRIBUTOR'S COVENANTS

12.1     The Distributor hereby undertakes and agrees with the Supplier that it
         shall at all times during the continuance in force of this Agreement
         observe and perform the terms and conditions set out in this Agreement
         and in particular warrants that:

         (a)      Distributor is a company duly organized and existing under the
                  laws of the State of Delaware and has full power and authority
                  to enter into this Agreement and to perform each and every
                  covenant and agreement herein contained;

         (b)      this Agreement has been duly authorised, executed and
                  delivered by the Distributor and constitutes a valid, binding
                  and legally enforceable agreement of the Distributor;

         (c)      the execution and delivery of this Agreement and the
                  performance of the covenants and agreements herein contained
                  are not limited or restricted by and are not in conflict with
                  any contract, agreement or other instrument to which the
                  Distributor is bound and the Distributor has received all
                  necessary authorisations, consents and licences required in
                  the Territory to enter into this Agreement;

         (c)      Distributor shall use its best endeavours to promote and
                  extend the sales of the Products in all parts of the Territory
                  to all potential purchasers;

         (d)      Distributor shall not without the Supplier's written consent
                  sell any of the Products in, or offer for sale the Products
                  in, any place outside the Territory;

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         (e)      Distributor shall not incur any liability on behalf of the
                  Supplier or in any way pledge or purport to pledge the
                  Supplier's credit or accept any order or make any contract
                  binding upon the Supplier or give or make or purport to give
                  or make any warranty or representation on behalf of the
                  Supplier, except as approved in writing by the Supplier;

         (f)      Distributor shall not act as agent of the Supplier at any time
                  or in any manner;

         (g)      Distributor shall not use the trade name, trademarks, emblems,
                  designs or Intellectual Property of the Supplier except as
                  provided herein or with the consent of the Supplier and in
                  accordance with any directions given by the Supplier;

         (h)      Distributor shall not alter, secure, remove, conceal or
                  otherwise interfere with any markings, patent plates, labels,
                  numbers or nameplates or other indication of the source of
                  origin of the Products and sell the same in the same packages
                  in which the Products are supplied to the Distributor for
                  resale by it, except that the Distributor shall have the right
                  to attach a label to the Products and to the Products'
                  packaging indicating that the Distributor is an authorised
                  distributor of the Products and stating the address of the
                  Distributor or such other information as required by law;

         (i)      Distributor shall not reverse engineer, decompile of otherwise
                  attempt to discover the source code of any software in the
                  Products; except for approved programming requirements for
                  Network Operators.

         (j)      Distributor shall promptly pass to the Supplier details of any
                  complaints received from customers or others relating to the
                  Products and to pass on any information which may prejudice
                  sales of the Products.

         (k)      Distributor shall not make any promises, representations,
                  warranties or guarantees with reference to the Products except
                  such as are expressly authorised by the Supplier in writing;

         (l)      Distributor shall not, without the Supplier's consent, sell
                  any Products to any person who the Distributor knows or has
                  reasonable cause to believe will or may directly or indirectly
                  transfer or sell such Products to parties who will or may sell
                  such Products to other parties outside of the Territory;

         (m)      Distributor shall provide the Supplier on or prior to the 5th
                  day of each calendar month with a report detailing the opening
                  and closing stock of Products held on hand by the Distributor
                  in the previous month and describe all promotional activities
                  undertaken in relation to the Products in the Territory in the
                  previous month; and

         (n)      Distributor shall keep full and proper books of account and
                  records showing clearly all enquiries, quotations,
                  transactions and proceedings relating to the Products.

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13.      DUTIES OF THE SUPPLIER

13.1     In addition to its other duties herein, the Supplier hereby agrees with
         the Distributor that it will during the continuance of this Agreement:

         (a)      use reasonable efforts to supply the Distributor with the
                  Products pursuant to the terms of the relevant Purchase Orders
                  and provide to the Distributor any information and advice
                  reasonably requested by the Distributor in connection with the
                  marketing, advertising, packing and product content of the
                  Products; and

         (b)      take such steps as the Supplier, in its sole discretion deems
                  as reasonable and necessary, to safeguard the rights herein
                  granted to the Distributor including such action as may be
                  reasonably necessary to protect the Supplier's Intellectual
                  Property in the Territory including without limitation,
                  entering into a registered user agreement with the
                  Distributor.

14.      CHANGES TO PRODUCTS

14.1     The Supplier is entitled upon giving thirty (30) days written notice to
         the Distributor to discontinue the production of any Products.

14.2     The Supplier is entitled to make changes to the specifications of the
         Products which do not materially adversely affect that Product's
         performance and shall give notice of such changes to the Distributor as
         soon as may be practical.

15.      TRADE MARKS AND TRADE NAMES

15.1     The Distributor shall not use in its corporate, firm or business name
         or otherwise or allow to be used by others, insofar as it may have any
         power to prevent such use, the name or any trade name or trademark
         adopted by the Supplier or any of its subsidiary, holding or associated
         companies or any word or name, or combination of words or names closely
         resembling any of them, provided that, during the term of this
         Agreement, the Distributor shall have the right to, and shall indicate
         to the public and to the trade by means of advertising, pamphlets,
         letterheads or other media that the Distributor is the authorised
         distributor of the Products.

15.2     The Distributor shall not do or omit to do anything in its use of the
         Trade Marks, which may or would adversely affect their validity.

15.3     The Distributor shall not, at any time during or within one year after
         termination of this Agreement, in connection with any business similar
         to that of the Supplier, adopt, use or register without the prior
         written consent of the Supplier a word or symbol or a combination of
         the two similar to the Trade Marks.

15.4     The Supplier makes no representation or warranty as to the validity or
         enforceability of the Trade Marks nor as to whether the Trade Marks
         infringe the intellectual property rights of third parties in the
         Territory.

15.5     The Distributor acknowledges that this Agreement does not operate to
         vest any right, title or interest in the Trade Marks in the
         Distributor, any use of the Trade Marks shall enure to the benefit of
         Supplier.

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15.6     The Distributor shall immediately bring to the notice of the Supplier
         any improper or wrongful use in the Territory of the Trade Marks and
         the Distributor shall on being so requested by the Supplier and at the
         Supplier's cost assist in taking all steps to defend the rights of the
         Supplier including the institution at the Supplier's cost of any
         actions which it may deem necessary to commence for the protection of
         any of its rights.

15.7     The parties acknowledge that this Agreement does not grant any rights
         to use any third party trade marks; and any rights to use any third
         party trademarks granted to or made available to the Distributor
         pursuant to any agreement between the Supplier and the Distributor will
         be revocable at any time by the Supplier.

16.      ADVERTISING

16.1     The Distributor shall have the right, at its sole cost, to distribute
         advertising material throughout the Territory, provided that the form
         of such materials has first been provided to the Supplier and no
         objection has been received by the Distributor from the Supplier within
         15 days after receipt of such materials by the Supplier.

16.2     The Supplier agrees to make a co-op advertising program available to
         the Distributor in accord with the terms and conditions set forth in
         Schedule "4", which terms and conditions are subject to reasonable
         changes from time to time upon written notice from the Supplier to the
         Distributor. The Distributor may use the available balance in such
         account for advertising and promotion in accord with the provisions of
         Schedule 4.

17.      CONFIDENTIALITY AND DISCLOSURE

17.1     During the term of this Agreement and after termination or expiration
         of this Agreement for any reason the receiving party: shall keep the
         Confidential Information confidential; may not disclose the
         Confidential Information to another person except with the prior
         written consent of the disclosing party or in accordance with Clauses
         17.2 and 17.3 and may not use the Confidential Information for a
         purpose other than the performance of its obligations under this
         Agreement.

17.2     During the term of this Agreement the receiving party may disclose the
         Confidential Information to its employees (a "RECIPIENT") to the extent
         that it is reasonably necessary for the purposes of this Agreement. The
         receiving party shall ensure that each Recipient is made aware of and
         complies with all the receiving party's obligations of confidentiality
         under this Agreement as if the Recipient was a party to this Agreement.

17.3     Clauses 17.1 does not apply to Confidential Information which:

         (a)      can reasonably be demonstrated to be in the public domain
                  without any breach of the provisions of this Agreement;

         (b)      was known to the other party prior to its being disclosed;

         (c)      is disclosed on a confidential basis to consultants or
                  advisers of a party to assist that party in the carrying out
                  of the terms of this Agreement;

         (d)      is required to be disclosed by law; or

         (e)      is disclosed in proceedings taken by any party to this
                  Agreement for the enforcement of any rights or remedies under
                  this Agreement.

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18.      INDEMNITY

18.1     Subject to the limitations set forth herein below, Supplier shall
         indemnify and defend Distributor with respect to any claim, suit or
         proceeding brought against Distributor by a third party, and pay all
         reasonable expenses related thereto, to the extent it is based upon a
         claim that any Product infringes upon any patent issued prior to the
         date of shipment or trademark or copyright provided, that Distributor:
         (i) promptly notify Supplier in writing of such claim, suit or
         proceeding; (ii) give Supplier the right to control the defense and
         settlement of any claim, suit or proceeding; and (iii) give assistance
         and full cooperation for the defense of same. If a Product is, or in
         Supplier's opinion might be, held to infringe as set forth above,
         Supplier may, at Supplier's option, replace or modify such Product so
         as to avoid infringement, or procure the right for Distributor to
         continue to use such Product. The provisions of the foregoing indemnity
         shall not apply with respect to any instances of alleged infringement
         based upon or arising out of the use of any Product: (i) in any manner
         for which the Product was not designed; (ii) that has been modified by
         Distributor or any third party; (iii) in connection with or in
         combination with any product, device or software that has not been
         supplied or approved by Supplier; (iv) compliance with the
         Distributor's designs, specifications or instructions; or (v) used in a
         manner that is not reasonably foreseeable. The foregoing indemnity
         shall be Distributor's sole and exclusive remedy and Supplier's entire
         liability and obligation with respect to any intellectual property
         infringement.

18.2     Distributor hereby assumes all liability for, and agrees to indemnify
         and defend Supplier and Supplier's officers, directors, agents and
         employees with respect to any claim, suit or proceeding brought against
         Supplier, and to pay all reasonable expenses related thereto, relating
         to or arising out of Distributor's provision of goods or services in
         connection with the Products excluding product liability claims arising
         from a defect in the Product or materials as provided by Supplier, or
         with respect to any instances of alleged infringement based upon or
         arising out of the use by Distributor of any Product: (i) in any manner
         for which the Product was not designed; (ii) that has been modified by
         Distributor; (iii) in connection with or in combination with any
         product, device or software that has not been supplied or approved by
         Supplier; or (iv) compliance with the Distributor's designs,
         specifications or instructions.

19.      TERMINATION OF AGREEMENT

19.1     Without prejudice to any other remedies available, including any right
         of either party to sue for any antecedent breach of this Agreement,
         either the Supplier or the Distributor shall have the right at any time
         by giving notice in writing to the other party to immediately terminate
         this Agreement, in any one or more of the following events:

         (a)      if the other party commits a material breach of any of the
                  terms or conditions in this Agreement, including but not
                  limited to, Distributor's failure to satisfy the 12 month
                  purchase requirement set forth in Clause 7.4, and fails to
                  remedy such breach within thirty (30) days of being provided
                  with written notice thereof;

         (b)      if the other party enters into liquidation whether
                  compulsorily or voluntarily (otherwise than for the purposes
                  of amalgamation or reconstruction) or compounds with its
                  creditors or takes or suffers any similar action in
                  consequence of debt;

                                       12
<PAGE>

         (c)      if the other party transfers all or a substantial portion of
                  its assets (otherwise than for the purposes of amalgamation,
                  reconstruction or reorganisation); or

         (d)      if, without fault of any party to this Agreement, the approval
                  of any government or regulatory body is revoked or denied or
                  any licence or consent is revoked or denied which would
                  prevent or make it impossible for the other party to perform
                  its duties under this Agreement.

20.      RESULTS OF TERMINATION AND EXPIRATION

20.1     Results of Termination or Expiration

         Each party's further rights and obligations cease immediately on
         termination of this Agreement but termination does not affect:

         a)       a party's accrued rights and obligations at the date of
                  expiration or termination; and

         b)       the continued existence and validity of the rights and
                  obligations of the parties under those Clauses which are
                  expressed to survive termination and any provisions of this
                  Agreement necessary for the interpretation or enforcement of
                  this Agreement.

20.2     On termination of this Agreement:

         a)       the Distributor shall be permitted, if Distributor is current
                  in its payment obligations to Supplier and unless this
                  Agreement terminated for Distributor's breach by Supplier, for
                  a period of three (3) months following termination to sell and
                  distribute those stocks of the Products as it may at the time
                  have in store or under its control;

         b)       on the expiry of the three (3) month period the Distributor
                  shall, at is own cost and expense, promptly return to the
                  Supplier or otherwise dispose of as the Supplier may instruct
                  all samples, instruction books, technical pamphlets,
                  catalogues, advertising materials, specifications and other
                  materials, documents or papers whatsoever sent to the
                  Distributor and relating to the Supplier's business (other
                  than correspondence which has passed between the parties)
                  which the Distributor may have in its possession or under its
                  control.

20.3     The Supplier is entitled to cancel all orders placed by the Distributor
         prior to the date of termination, which have been accepted by the
         Supplier without any liability of whatsoever nature to the Distributor.

21.      SUPPLIER'S UNDERTAKINGS

21.1     The Supplier represents and warrants to the Distributor that:

         (a)      the Supplier is a company duly incorporated in the Cayman
                  Islands and registered in Hong Kong and has full power and
                  authority to enter into this Agreement and to perform each and
                  every covenant and agreement herein contained;

         (b)      this Agreement has been duly authorised, executed and
                  delivered by the Supplier and constitutes a valid, binding and
                  legally enforceable agreement of the Supplier; and

         (c)      the execution and delivery of this Agreement and the
                  performance of the covenants and agreements herein contained
                  are not limited or restricted by and are not in conflict with
                  any contract, agreement or other instrument to which the
                  Supplier is bound.

                                       13
<PAGE>

22.      COSTS AND EXPENSES OF DISTRIBUTOR

22.1     Without limiting the generality of any provisions herein contained, the
         parties hereto agree and acknowledge that unless specifically stated
         otherwise herein, the Distributor shall be solely responsible for and
         shall bear the costs of all expenses it incurs associated with the
         marketing, sales and distribution Products in the Territory. The
         Distributor shall obtain all necessary governmental permits, licences
         and consents for the importation of the Products purchased by the
         Distributor and the Distributor further agrees to pay all charges,
         duties, fees, levies, tariffs and taxes which are assessed against the
         Products or the Distributor by any governmental department, agency or
         branch in the Territory. The Distributor shall be solely responsible
         for all costs incurred (including cost of shipping, insurance, duty
         charges and all other costs and charges) in delivering the Products
         from the Delivery Point to their final destination.

23.      FORCE MAJEURE

23.1     If a party is prevented, hindered or delayed from or in performing any
         of its obligations under this Agreement (other than a payment
         obligation) by an event of Force Majeure:

         a)       the affected party's obligations under this Agreement are
                  suspended while the event of Force Majeure continues and to
                  the extent that it is prevented, hindered or delayed;

         b)       as soon as reasonably possible after the start of the event of
                  Force Majeure the affected party shall notify the other party
                  in writing of the Force Majeure, the date on which the event
                  of Force Majeure started and the effects of the Force Majeure
                  on its ability to perform its obligations under this
                  Agreement;

         c)       if the affected Party does not comply with sub-clause b), it
                  forfeits its rights under sub-clause a);

         d)       the affected party shall make all reasonable efforts to
                  mitigate the effects of Force Majeure on the performance of
                  its obligations under this Agreement; and

         e)       as soon as reasonably possible after the end of Force Majeure
                  the affected party shall notify the other party that the Force
                  Majeure has ended and resume performance of its obligations
                  under this Agreement.

23.2     If the Force Majeure Event continues for more than six (6) months
         starting on the day the Force Majeure Event starts, either party may
         terminate this Agreement by giving not less than thirty (30) days
         notice to the other party.

24.      ASSIGNMENT AND SUBCONTRACTING

24.1     A party may not assign or transfer or purport to assign or transfer a
         right or obligation under this Agreement without having first obtained
         the other party's written consent, which is not to be unreasonably
         withheld or delayed.

                                       14
<PAGE>

24.2     Distributor may not subcontract the performance of any of its
         obligations under this Agreement.

25.      INTEREST

25.1     In respect of all moneys whatsoever to be paid by the Distributor to
         the Supplier pursuant to the terms of any contract or this Agreement
         and not paid on the due date or dates therefore shall accrue interest
         at the annual rate of [***] percent ([***]%) above Barclays Bank base
         rate at close of business on the first business day of the month in
         which such payment is due or at the highest rate permitted by law,
         whichever is less. Such interest shall accrue from the date such
         payment is due until such payment in full, except for payments in
         dispute as a result of product defects, irregularities or any other
         dispute resolved in Distributor's favor.

26.      NOTICES

26.1     Each notice, demand, certification or other communication given or made
         under this Agreement shall be in writing, in English and shall be
         delivered by hand or sent by registered mail or by facsimile
         transmission to the address of the respective party as shown below (or
         such other address as may be designated in writing to the other party
         hereto in accordance with the terms of this Clause)

         If to THE SUPPLIER:

         Attn              Vice President of Sales
         Address:          909 E. Lake Carolyn Parkway, Suite 1950
                           Irving, Texas 75039

                           Fax No: +1972 342-9738
         Copy to:          Legal Department

         If to THE DISTRIBUTOR:

         Attn:             Oscar Fumagali
         Address:          Brightstar Corporation
                           2010 N.W. 84th Ave.,
                           Miami, FL 33122.
         Fax No:           (305) 477-9072

         Copy to:          Kirkpatrick & Lockhart LLP
                           Miami Center, Suite 2000
                           201 S. Biscayne Boulevard
                           Miami, Florida 33131
                           Attn: Clayton E. Parker, Esq.
                           Fax: (305) 358-7095

         Any change to the name, address and facsimile numbers may be made at
         any time by giving fifteen (15) days prior written notice in accordance
         with this Clause. Any such notice, demand or other communication shall
         be deemed to have been received, if delivered by hand, at the time of
         delivery or, if posted, at the expiration of seven (7) days after the
         envelope containing the same shall have been deposited in the post
         maintained for such purpose, postage prepaid, or, if sent by facsimile,
         at the date of transmission if confirmed receipt is followed by postal
         notice.

                                       15
<PAGE>

27.      DISPUTE RESOLUTION

27.1     The parties will attempt in good faith to resolve any dispute or claim
         arising out of or relating to this Agreement promptly through
         negotiations between the respective senior executives of the parties
         who have authority to settle the same.

27.2     If the matter is not resolved through negotiation, the parties will
         within 7 days agree to resolve the dispute or claim through an
         Alternative Dispute Resolution (ADR) procedure. If the parties do not
         agree to resolve the dispute or claim by ADR or if the matter has not
         been resolved by an ADR procedure within 30 days of the initiation of
         such procedure, the dispute shall be referred to litigation.

27.3    The provisions of Clauses 27.1 and 27.2 shall not apply to any claims by
        any party relating to a breach of confidentiality or an infringement of
        Intellectual Property Rights.

27.3    Subject to Clause 27.3, the parties each agree not to commence legal
        proceedings on any matter until the procedures in Clauses 27.1 and 27.2
        shall have been complied with provided that nothing in this Clause shall
        prevent any party from applying for injunctive or other equitable relief
        to protect its interests.

28.      EXPORT CONTROL.

28.1     Distributor shall comply with all export and import laws and
         restrictions and regulations of any national or foreign agency or
         authority and shall not export or re-export any Products in violation
         of any such restrictions, laws or regulations, or without any necessary
         approvals. Distributor further acknowledges that the Products are
         subject to the export control laws and regulations of the U.K and the
         U.S. and other jurisdictions, and any amendments thereof. Distributor
         confirms that with respect to the Products, it shall not export or
         re-export Products, directly or indirectly, either to (i) any countries
         that are subject to U.S. export restrictions (currently including, but
         not necessarily limited to, Cuba, Iran, Iraq, Libya, North Korea,
         Sudan, and Syria); (ii) any end user who Distributor knows or has
         reason to know will utilize them in the design, development or
         production of nuclear, chemical or biological weapons; or (iii) any end
         user who Distributor knows or has reason to know has been prohibited
         from participating in the U.S. export transactions by any federal
         agency of the U.S. government. Distributor further acknowledges that
         the Products may include technical data subject to export and re-export
         restrictions imposed by U.S. law.

29.      GENERAL LIMITATION AND EXCLUSION OF LIABILITY

29.1     This Clause prevails over all other clauses and sets forth the entire
         liability of Supplier and Distributor, and sets out the sole and
         exclusive remedies of either party in respect of:

         a)       the performance, non performance or purported performance of
                  this Agreement; and

         b)       otherwise in relation to this Agreement or the entering into
                  or performance of this Agreement.

                                       16
<PAGE>

29.2     Neither party excludes or limits liability for death or personal injury
         to the extent that such injury results from the negligence (as such
         term is defined in the Unfair Contract Terms Act 1977) or wilful act or
         default of itself, its employees, agents or sub-contractors.

29.3     Except in regard to both parties' obligations regarding Confidential
         Information, and except as provided in Clause 18 above, neither
         Supplier nor Distributor shall be liable in any event for loss of
         revenue, loss of profits, loss of contracts, loss of savings, loss of
         data or any other indirect or consequential loss which may result from
         a breach of this Agreement or a Purchase Order or from any negligence
         or tort committed by such party or which may otherwise arise out of or
         in connection with a Purchase Order or this Agreement.

29.4     Notwithstanding anything to the contrary in this Agreement, but subject
         to Clause 18, in no event shall either party's aggregate liability to
         the other party arising out of or in connection with this Agreement or
         a Purchase Order at any time exceed an amount equal to the aggregate
         amount paid by Distributor under this Agreement in the twelve (12)
         months preceding the first event giving rise to the claim.

29.5     This Clause 29 shall survive completion or termination of any Purchase
         Order and this Agreement.

30.      MISCELLANEOUS

30.1     This Agreement constitutes the entire agreement between the parties
         with respect to the subject matter hereof and supersedes all prior
         agreements, undertakings, representations and warranties. It is
         expressly declared that no variation, release, discharge or
         modification to this Agreement shall be effective unless made in
         writing and signed by both parties.

30.2     A waiver by either party of any breach of any term of this Agreement by
         the other party shall not prevent the subsequent enforcement of that
         term and shall not be deemed a waiver of any subsequent breach.

30.3     If any provision of this Agreement is found by an arbitral, judicial or
         regulatory authority having jurisdiction to be void or unenforceable,
         such provision shall be deemed to be deleted from this Agreement, and
         the remaining provisions shall continue in full force and effect.

30.4     In any action or proceeding brought to enforce any provision of this
         Agreement, or where any provision is validly asserted as a defense, the
         prevailing party shall be entitled to recover reasonable attorneys'
         fees, including, attorneys' fees for any appeal and costs incurred in
         bringing such action or proceedings, in addition to any other available
         remedy.

30.5     Each of the parties shall from time to time promptly take such action,
         and execute and deliver such further documents as shall be reasonably
         required in order to fully perform the terms of, and carry out the
         intention of, this Agreement.

30.6     This Agreement shall be binding upon the parties and their respective
         successors and permitted assigns.

30.7     This Agreement may be executed in counterparts, each of which when
         executed and delivered shall be deemed to be an original. Such
         counterparts shall together (as well as separately) constitute one and
         the same instrument.

                                       17
<PAGE>

30.8     Subject to Clause 20, any termination or expiration of this Agreement
         shall not relieve either party of any obligation under this Agreement
         that is expressed to continue after termination or expiration and such
         provisions shall survive the expiration or earlier termination of this
         Agreement.

30.9     During the currency of this Agreement each of the parties shall comply
         with all applicable laws, regulations and orders and any requirements
         of any governmental authority relating to, without limitation, all
         operations, processes, or practices whatsoever which may directly or
         indirectly relate to this Agreement.

30.10    Nothing in this Agreement shall be construed as creating a partnership
         between the parties or as constituting either party as the agent or
         employee of the other party (save as expressly set out in this
         Agreement) for any purpose whatsoever and neither party shall have the
         authority or power to bind the other party or to contract in the name
         of or create a liability against the other party in any way or for any
         purpose.

30.11    This Agreement shall be governed by and construed in accordance with
         the laws of Texas, exclusive of its choice of law provisions, and each
         of the parties hereby irrevocably submits to the non-exclusive
         jurisdiction of the courts in Dallas County, Texas.

IN WITNESS WHEREOF this Agreement has been executed as of the day and year first
above written.

Signed   /s/ R. MARCELO CLAURE
       ----------------------------------------------

For and on behalf of BRIGHTSTAR CORP.

Signed   /s/  TIM ROBINSON
       ----------------------------------------------

For and on behalf of SENDO AMERICA, INC.

                                       18
<PAGE>

SCHEDULE 1
                        DISTRIBUTOR PRODUCTS AND PRICING

------------------------------------------------------------------------------
                                 DESCRIPTION
------------------------------------------------------------------------------
S251                                                                  $[***]USD
S230                                                                  $[***]USD
J530                                                                  $[***]USD

Related accessories

HKBL-02                                                               $[***]USD
CLBL-02                                                                [***]USD
EKBL-02                                                                [***]

LCTR-02                                                                [***]USD

NPBL-02                                                                [***]
CVSY-02                                                                [***]UDS

CVNP-02                                                                [***]USD
CVMS-02                                                                [***]USD
CVMR-02                                                                [***]USD
CVVP-02                                                                [***]SD
BTNM-02                                                                [***]USD
BTLI-02                                                                [***]USD
CHUK-02                                                                [***]USD
CHEU-02                                                                [***]USD

                                       19
<PAGE>
                                   SCHEDULE 2
                                    WARRANTY

     LIMITED WARRANTY

     Sendo America, Inc. ("SENDO") warrants, subject to the exclusions and
     limitations set forth below, that this cellular phone ("Product") is free
     from defects in material and workmanship that result in Product failure
     during normal usage, according to the following terms and conditions:

     1. The limited warranty for the Product extends for ONE (1) year beginning
     on the date of the purchase of the Product or FIFTEEN (15) from the date of
     its manufacture as determined by the date code in the Product.

     2. The limited warranty extends to the original purchaser of the Product
     ("Consumer") and is not assignable or transferable to any subsequent
     purchaser or user.

     3. The Limited warranty extends only to Consumers who purchase the Product
     in the market for its intended sale

     4. During the limited warranty period, SENDO will repair, or replace, at
     SENDO's sole option, any defective parts, or any parts that will not
     properly operate for their intended use with new or refurbished replacement
     items if such repair or replacement is needed because of malfunction or
     failure of the Product during normal usage. No charge will be made to the
     Consumer for any such parts. SENDO will also pay for the labor charges
     incurred by SENDO in repairing or replacing the defective parts. The
     limited warranty does not cover defects in appearance, cosmetic, decorative
     or structural items, including framing, and any non-operative parts. This
     limited warranty does not apply to any damage or failure to operate caused
     by use of the product other than in accordance with the instructions
     contained in the User Manual, or for periodic maintenance or repair due to
     normal wear and tear. SENDO's limit of liability under the limited warranty
     shall be the actual cash value of the Product at the time the Consumer
     returns the Product for repair, determined by the price paid by the
     Consumer for the Product less a reasonable amount for usage. SENDO shall
     not be liable for any other losses or damages. These remedies are the
     Consumer's exclusive remedies for breach of warranty.

     5. Upon request from SENDO, the Consumer must prove the date of the
     original purchase of the Product by a dated bill of sale or dated itemized
     receipt.

     5. The Consumer shall bear the cost of taking or shipping the Product to
     the place of purchase or the Customer Service Department of SENDO. If the
     Product was taken to the place of purchase, the Consumer shall bear the
     cost of retrieving the Product. If shipped to SENDO, SENDO shall bear the
     cost of shipping the Product back to the Consumer after the completion of
     service under this limited warranty and provided that repairs were required
     to be performed under this limited warranty.

     7. The Consumer shall have no coverage or benefits under this limited
     warranty if any of the following conditions are applicable:

     a) The Product has been subject to abnormal use, abnormal conditions,
     improper storage, exposure to moisture or dampness, unauthorized
     modifications, unauthorized connections, unauthorized repair, misuse,
     neglect, abuse, accident, alteration, improper installation, or other acts
     which are not the fault of SENDO, including damage caused by shipping.

     b) Physical damage to the surface of the Product, including scratches or
     cracks in or to the outside casing or LCD, or damages caused by dropping
     the Product.

                                       20
<PAGE>

     c) The Product has been damaged from external causes such as liquid, water,
     collision with an object, or from fire, flooding, sand, dirt, windstorm,
     lightening, earthquake or damage from exposure to weather conditions, an
     Act of God, or battery leakage, theft, blown fuse, or improper use of any
     electrical source, damage caused by computer or internet viruses, bugs,
     worms, Trojan Horses, cancelbots or damage caused by the connection to
     other products not recommended for interconnection by SENDO.

     d) The Product has been altered or repaired by anyone other than an
     approved SENDO service center or if it has been used with unapproved
     accessories or other ancillary items.

     e) For adaptations or adjustments made to the Product to comply with local
     standards in any country other than one for which the Product was designed
     and manufactured.

     f) Loss or integrity of any user data stored in the Product or any storage
     device used in conjunction with the Product at any time.

     g) The Customer Service Department at SENDO was not advised by the Consumer
     in writing of the alleged defect or malfunction of the Product within
     fourteen (14) days after the expiration of the applicable limited warranty
     period.

     h) The Product serial number plate or the accessory data code has been
     removed, defaced or altered.

     i) The defect or failure to operate was caused by defective function of the
     cellular system or by inadequate signal reception.

     8. If a problem develops during the limited warranty period, the Consumer
     shall take the following step-by-step procedure:

     a) The Consumer shall return the Product to the place of purchase for
     repair or replacement processing. Back up all data before returning the
     Product for repair. If the Consumer has sensitive information stored on the
     Product, the Consumer must copy it to another device and delete it from the
     Product before repair.

     b) If "a" is not convenient because of distance (more than 50 miles) or for
     other good cause, the Consumer may contact the Customer Service Department
     at SENDO, at the phone number listed on the bottom of the next page, for
     further instructions.

     c) The Consumer shall ship the Product prepaid and insured. Expenses
     related to removing the Product from an installation are not covered under
     this limited warranty.

     d) The Consumer will be billed for any parts or labor charges not covered
     by this limited warranty. The Consumer will be responsible for any expenses
     related to reinstallation of the Product.

     e) SENDO will repair or authorize the repair of the Product under the
     limited warranty within 30 days after receipt of the Product by SENDO or an
     SENDO authorized service center. If SENDO cannot perform repair covered
     under this limited warranty within 30 days, or after a reasonable number of
     attempts to repair the same defect, SENDO at its sole option, will provide
     a replacement Product or refund the purchase price of the Product less a
     reasonable amount for usage.

     f) If the Product is returned to the Customer Service Department at SENDO
     during the limited warranty period, but the problem with the Product is not
     covered under the terms and conditions of this limited warranty, the
     Consumer will be notified and given an estimate of the charges the Consumer
     must pay to have the Product repaired, with all shipping charges billed to

                                       21
<PAGE>

     the Consumer. If the estimate is refused, the Product will be returned
     freight collect. If the Product is returned to the Customer Service
     Department at SENDO after the expiration of the limited warranty period,
     SENDO's normal service policies shall apply and the Consumer will be
     responsible for all shipping charges.

     9. The Product consists of newly assembled equipment that may contain used
     components that have been reprocessed to allow machine compliance with
     Product performance and reliability specifications.

     10. ANY IMPLIED WARRANTY OF MERCHANTABILITY, OR FITNESS FOR A PARTICULAR
     PURPOSE OR USE, SHALL BE LIMITED TO THE DURATION OF THE FOREGOING LIMITED
     WRITTEN WARRANTY. OTHERWISE, THE FOREGOING LIMITED WARRANTY IS THE
     CONSUMER'S SOLE AND EXCLUSIVE REMEDY AND IS IN LIEU OF ALL OTHER
     WARRANTIES, EXPRESS OR IMPLIED. SENDO DOES NOT WARRANT UNINTERRUPTED OR
     ERROR FREE INTERNET OR DATA CONNECTIONS. SENDO SHALL NOT BE LIABLE FOR
     SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO,
     LOSS OF ANTICIPATED BENEFITS OR PROFITS, LOSS OF SAVINGS OR REVENUE,
     PUNITIVE DAMAGES, LOSS OF USE OF THE PRODUCT OR ANY ASSOCIATED EQUIPMENT,
     LOSS OF DATA, COST OF CAPITAL, COST OF ANY SUBSTITUTE EQUIPMENT OR
     FACILITIES, DOWNTIME, THE CLAIMS OF ANY THIRD PARTIES, INCLUDING CUSTOMERS,
     AND INJURY TO PROPERTY, RESULTING FROM THE PURCHASE OR USE OF THE PRODUCT
     OR ARISING FROM BREACH OF THE WARRANTY, BREACH OF CONTRACT, NEGLIGENCE,
     STRICT TORT, OR ANY OTHER LEGAL OR EQUITABLE THEORY, EVEN IF SENDO KNEW OF
     THE LIKELIHOOD OF SUCH DAMAGES. SENDO SHALL NOT BE LIABLE FOR DELAY IN
     RENDERING SERVICE UNDER THE LIMITED WARRANTY, OR LOSS OF USE DURING THE
     PERIOD THAT THE PRODUCT IS BEING REPAIRED OR LOSS OF DATA.

     11. Some jurisdictions do not allow limitation of how long an implied
     warranty lasts, so the above one year warranty limitation may not apply to
     you (the Consumer). Some jurisdictions do not allow the exclusion or
     limitation of incidental and consequential damages, so certain of the above
     limitations or exclusions may not apply to you (the Consumer). This limited
     warranty gives the Consumer specific legal rights and the Consumer may also
     have other rights that vary from jurisdiction to jurisdiction.

     12. SENDO neither assumes nor authorizes any authorized service center or
     any other person or entity to assume for it any other obligation or
     liability beyond that which is expressly provided for in this limited
     warranty including the provider or seller of any extended warranty or
     service agreement.

     13. This is the entire warranty between SENDO and the Consumer, and
     supersedes all prior and contemporaneous agreements or understandings, oral
     or written, and all communications relating to the Product, and no
     representation, promise or condition not contained herein shall modify
     these terms.

     14. This limited warranty allocates the risk of failure of the Product
     between the Consumer and SENDO. The allocation is recognized by the
     Consumer and is reflected in the purchase price of the Product.

     15. Any action or lawsuit for breach of warranty must be commenced within
     eighteen (18) months following delivery of the Product.

     16. Questions concerning this limited warranty may be directed to:
     www.sendo.com.

     17. The limited warranty period for SENDO accessories are specifically
     defined within their own warranty cards and packaging.

                                       22
<PAGE>

                                   SCHEDULE 3
                                 THE TRADE MARKS

The Licensors Trade Marks
European Community Trade Mark Office
<TABLE>

===========================================================================================================
<S>                                      <C>              <C>                        <C>
TRADE MARK NUMBER                        001278050        TYPE OF MARK:                       Word
===========================================================================================================
REGISTRATION DATE:                        13/05/02
===========================================================================================================
NICE CLASSIFICATION:            9, 16, 37, 38, 42
===========================================================================================================
TRADE MARK NUMBER               001354802
===========================================================================================================
REGISTRATION DATE:                        13/05/02        TYPE OF MARK:              Figurative
===========================================================================================================
NICE CLASSIFICATION:            9, 16, 37, 38, 42
===========================================================================================================
TRADE MARK NUMBER                                                001675974
===========================================================================================================
REGISTRATION DATE:                        09/11/01        TYPE OF MARK:                    Figurative
===========================================================================================================
NICE CLASSIFICATION:            9, 16, 37, 38, 42
===========================================================================================================
</TABLE>

and such other trademarks and logos as the Supplier has applied for, or may
apply for, in any part of the world.

                                       23
<PAGE>

                                   SCHEDULE 4

2002 CO-OP ADVERTISING GUIDELINES

BASIC GUIDELINES

1.       SENDO will accrue for the Distributor an amount equal to [***]% of
         handsets paid for by the Distributor. The accrual will be determined by
         the actual invoice price of the eligible handsets minus any deductions
         for other rebates and/or other accruals.

2.       The Distributor may order directly from SENDO point-of-purchase
         articles, dummy handsets and other marketing materials ("SENDO
         Materials") as soon as any Co-op funds accrue to the benefit of the
         Distributor.

         SENDO will provide the Distributor a periodic written report of the
         amount of Co-op funds accrued for the Distributor's use, less any
         deductions for SENDO Materials purchased by the Distributor directly
         from SENDO. The available Co-op funds must be used in the calendar year
         accrued, or within three (3) months thereafter, or longer given mutual
         agreement. Funds not used within the eligible period will expire and no
         longer be available to the Distributor.

3.       The Distributor must use available Co-op funds only on media placements
         agreed between the parties in accordance with the guidelines in this
         Schedule 4 as well as the guidelines issued from time to time by SENDO.

4.       The actual use of Co-op funds will require SENDO and the Distributor to
         enter into a "Promotional Understanding Form" ("PUF") that will
         describe the type and amount of funds to be spent for each marketing
         activity in support of SENDO promotion and must be agreed jointly.

5.       All advertising that mentions or displays SENDO products, whether
         purchased with Co-op funds or not, must comply with the current SENDO
         Brand (logo) Guidelines as are provided to the Distributor by SENDO and
         amended from time to time.

6.       The Distributor must ensure that all advertising placed by the
         Distributor with these funds, and any other advertising which mentions
         or identifies SENDO products, including any promotions, sweepstakes and
         contests, must comply with all applicable laws. In addition, contest,
         promotion and sweepstakes materials that are SENDO-related must be
         submitted to SENDO's legal department for approval. The Distributor
         indemnifies and holds harmless SENDO, its affiliates and agents, for
         any loss, liability or damage associated with any such advertising,
         promotions, sweepstakes and contests.

7.       SENDO offers these Co-op funds for the Distributor's marketing and
         advertising use. The mix and type of marketing and advertising
         recommended by the Operator must be approved by SENDO.

PRINT CO-OP

ELIGIBLE PRINT MEDIA AND REQUIREMENTS

Types of print media that are eligible are:

         Newspaper Advertising              Posters
         Custom Product Literature          Magazines
         Point-of Purchase Displays         Banners
         Direct Mailers                     Outdoor (e.g. billboards)

                                       24
<PAGE>

SENDO'S REQUIREMENTS:

1.   All print media requires a photograph (illustrations are not permitted) of
     a SENDO handset and, where possible, one or more SENDO accessories, with
     the SENDO name clearly visible in all cases, actual product size preferred
     (with a notation stating so). The ad headline and text should identify
     reasons to purchase the SENDO Products and Accessories advertised. The
     SENDO logo must be prominently displayed in the ad. When SENDO Accessories
     are advertised, the SENDO logo must also be used.

2.   All print media requires placement of the SENDO logotype and correct PMS
     color (if a color ad) shall be used. No SENDO, logo must ever be placed
     outside the border of any advertisement. All SENO logos must be displayed
     no less prominently than any other logos in the ad.

3.   The SENDO logo must have sufficient empty space surrounding it and must
     comply with the then current official SENDO logo guidelines. All print
     media with photographs or illustrations of SENDO products must contain a
     copyright legend at the bottom of the piece, for example "(C) 2002 Sendo."
     (where the date in the legend is the current date of the publication).

4.   All print media containing a SENDO name, logo, model number or slogan must
     contain a trademark legend at the bottom of the piece, for example "Sendo
     and the Model S251 phone are trademarks of SENDO International Limited
     and/or its affiliates." (where only those phone types, slogans and logos
     actually appearing in the piece are included in the trademark statement).

TV CO-OP

SENDO'S REQUIREMENTS:

1.   On 30 second and 60 second spots, the SENDO name must be mentioned at least
     the number of times required by SENDO's then current official Co-op
     Guidelines. There must also be a close-up of a SENDO phone with the SENDO
     name clearly visible and displayed for the minimum period of time required
     by SENDO's then current official Co-op Guidelines. The screen of the phone
     must accurately represent an actual screen, with power and strength bars
     full; a blank screen is not permitted.

2.   Where applicable, SENDO will also require inclusion of the copyright and
     trademark statements described in the print media section of this Schedule.

RADIO CO-OP

SENDO'S REQUIREMENTS:

1.   On 30 second and 60 second spots, the SENDO name and, where appropriate,
     other SENDO-required content, must be mentioned at least the minimum number
     of times and for the minimum period of time required by SENDO's then
     current official Co-op Guidelines.

                                       25
<PAGE>

                                   SCHEDULE 5

                            SPECIAL ASSIGNMENT AREAS

COUNTRY                                       CARRIER
-------                                       -------
[***]                                         [***]
                                              [***]
[***]                                         [***]
[***]                                         [***]
[***]                                         [***]
[***]                                         [***]
                                              [***]
[***]                                         [***]
[***]                                         [***]
[***]                                         [***]
[***]                                         [***]
                                              [***]
[***]                                         [***]
                                              [***]
[***]                                         [***]
[***]                                         [***]
[***]                                         [***]

                                       26<PAGE>
                                                                    Exhibit 10.8

PORTIONS OF THIS DOCUMENT INDICATED BY AN [***] HAVE BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT OF SUCH INFORMATION.

                             DISTRIBUTION AGREEMENT

         THIS DISTRIBUTION AGREEMENT (this "Agreement") is entered into between
SAGEM, S.A., a corporation duly organized and existing under the laws of France,
having a place of business at 27, rue Leblanc, Paris (15 eme), France
(hereinafter "Sagem"), and BRIGHTSTAR CORP., a company duly organized and
existing under the laws of the State of Delaware, having its principal place of
business at 2010 NW 84th Avenue, Miami FL 33122 (hereinafter "Brightstar"),
effective as of June 16, 2003 (the "Effective Date").

         WHEREAS, Sagem designs, develops, and distributes telecommunications
equipment world-wide;

         WHEREAS, Sagem desires to distribute certain of its products in Mexico,
Central America, South America and the Caribbean to carriers as set forth on
Exhibit 1 (collectively, the "Territory");

         WHEREAS, Brightstar is desirous of acquiring the right to promote and
to sell such products in the Territory.

         WHEREAS, Sagem desires to engage Brightstar to become the distributor
of certain of its products in the Territory to all carriers, with the exception
of certain France Telecom/Orange properties, and Brightstar desires to be
engaged by Sagem, pursuant to the terms and conditions of this Agreement.

         NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties intending to be legally
bound agree as follows:

1.       RECITALS

         The above recitals are true and correct and are incorporated into this
Agreement by this reference.

2.       APPOINTMENT AS EXPORT DISTRIBUTOR

2.1.     DISTRIBUTOR.

2.1.1 Class A Carriers. Subject to the terms of this Agreement, Sagem hereby
appoints Brightstar, and Brightstar hereby accepts the appointment, as Sagem's
sole exclusive distributor of Sagem's telecommunication equipment listed on
Exhibit 1 hereto (the "Products") for the carriers within the Territory with
whom Sagem has no prior commercial relationship, which carriers are identified
on Exhibit 1 hereto as "Class A Carriers."

2.1.2. Class B Carriers. With respect to carriers with whom Brightstar and Sagem
have a pre-existing commercial relationship, which carriers are identified on
Exhibit 1 hereto as "Class B Carriers", Brightstar shall obtain letters from
such carriers that they have no objection to buying products from Brightstar as
long as prices are the same, in which case Brightstar shall be the exclusive
distributor of Products to such carriers in the Territory.

<PAGE>

                 [***] Denotes Confidential Treatment Requested

2.1.3 In the event any Carrier (or the mother company of such Carrier) advises
Sagem in writing that it will not buy a Product from Brightstar for any reason
other than price, then Sagem may directly sell the Product to the Carrier
provided that Sagem provides to Brightstar, the Carrier's written notice that it
will not purchase Product from Brightstar. If Sagem sells directly to such
carriers, Sagem shall be entitled to request Brightstar to perform logistics
tasks under reasonable conditions to be discussed on a case by case basis. The
quantities sold by Sagem shall be deducted from the Minimum Annual Purchase
Amount, as indicated in section 6.4.

2.1.4 If Sagem is requested, in the scope of a continent-wide (or world-wide)
promotion launched by a Carrier mother company, to sell directly at a given
price lower than the price agreed upon for the same type of product with
Brightstar, Sagem shall be entitled to do so, provided Sagem gives to Brightstar
the written document duly signed by the mother company of the carrier. The
quantities sold by Sagem shall be deducted from the Minimum Annual Purchase
Amount, as indicated in section 6.4.

2.1.5 Sagem shall sell to France Telecom/Orange properties directly. If
Brightstar intends to sell Products to France Telecom/Orange properties,
Brightstar will need an authorization in writing from Sagem. Such authorization
shall be given on a case by case basis, and order by order basis.

2.1.6 In furtherance of the distribution rights granted to Brightstar in this
Section 2, Brightstar directly and through its subsidiaries listed in Exhibit 4
(this Exhibit 4 being altered from time to time by amendment entered between
both parties), is hereby authorized to purchase Products directly from Sagem
from time to time pursuant to the terms of this Agreement, and to resell such
Products solely within and into the Territory to all carriers, except for
certain France Telecom/Orange properties. Brightstar shall not advertise, resell
or solicit orders for Products outside the Territory. Sagem shall continue to
engage in the direct marketing of the Products to operators within the
Territory, and shall coordinate its marketing efforts with Brightstar.

2.1.7 Sagem shall do its reasonable commercial efforts not to quote to any
carrier or customer any price that is lower than the price offered to Brightstar
However, if such case would happen, Sagem would make reasonable commercial
efforts to readjust the price for Brightstar.

2.2. Products. The Products, as identified on Exhibit 1 hereto, may be modified
from time to time by mutual agreement of the parties. In addition, if Sagem
designs, develops or manufactures new mobile phone or accessories for sale in
the Territory to the carriers with whom Brightstar is exclusive, Sagem shall
grant to Brightstar a right of first refusal to serve as the exclusive
distributor and re-seller for such new Products within the Territory pursuant to
the terms and conditions of this Agreement, which option must be exercised by
Brightstar within thirty (30) days after written notice thereof For the
avoidance of doubt, if Brightstar chooses not to distribute these new Products
in the Territory, for any reason other than price, Sagem shall have the right to
sale/distribute them in the Territory by any means whatsoever. If Brightstar
elects to distribute these new Products in the Territory, Brightstar shall give
a commitment to sell appropriate quantities which will come in addition to the
annual committed quantities to Sagem if this new Product completes the range of
existing Product and Brightstar shall confirm its commitment if this new Product
replaces an already existing one in the range of Sagem Products.

                                       2
<PAGE>
                 [***] Denotes Confidential Treatment Requested

2.3. Brightstar shall sell and distribute the Products in the Territory only and
shall refrain to market, sell or distribute the Products in the Territory of the
United States of America. In case of a breach of this clause by Brightstar,
Sagem shall have the right to forthwith terminate this Agreement without
prejudice of any indemnification for damages deriving from the consequences of
the introduction of the Products in the territory of the United States of
America.

2.4. For the performance of its obligations under this Agreement, Brightstar
shall comply with the 47 U.S.C. 302 and 47 C.F.R. 2.801 regulations issued by
U.S. Customers Service for equipment being imported solely for export.
Brightstar shall use a dedicated bond warehouse for stocking and customization
if necessary of the Products.

3.       TERM OF THIS AGREEMENT

         The term of this Agreement shall commence on the Effective Date and
shall continue for a period of one (1) year, unless terminated as permitted
herein. At the end of this period, this Agreement shall be automatically renewed
for an additional two (2) year period unless written notice of non-renewal is
sent by either party at least ninety (90) days prior to the expiration date of
the initial term. At the end of this two (2) year period, the Parties will
discuss the terms and conditions of a possible renewal of this Agreement.

4.       PARTY RELATIONSHIP

         It is agreed that Brightstar's relationship to Sagem is that of an
independent contractor and no other relationship is intended to be created
between the parties hereto. Nothing in this Agreement shall be construed so as
to make Brightstar or its employees or agents an employee of Sagem or an agent
with the power to bind Sagem contractually. Brightstar shall have no authority
to bind, obligate or incur any liability on behalf of Sagem, except as provided
in this Agreement. This Agreement does not create any agency, joint venture or
partnership between Brightstar and Sagem. Brightstar purchases the products from
Sagem and sells them in its own name and on its own behalf. Brightstar shall not
engage in transactions in the name of Sagem or in any unauthorized activities
which create liability against Sagem.

5.       RESPONSIBILITIES OF PARTIES

5.1.     BRIGHTSTAR RESPONSIBILITIES.

In distributing the Products, Brightstar shall perform the following services:

Use reasonably commercial efforts to sell, advertise and promote the sale and
use of Products throughout the Territory.

Maintain a sales organization adequate to effectively promote and market the
Products in the Territory, including funding and hiring one (1) employee
completely dedicated to selling the Products.

Purchase the Products from Sagem in the manner described in Section 6 hereof.

                                       3
<PAGE>

                 [***] Denotes Confidential Treatment Requested

Furnish to Sagem on a quarterly basis information relating to orders, sales,
service and inventory of Products and Product sales budgets and forecasts
including the Forecast stated in sub-article 6.5, as well as market analyses and
reports with respect to the Territory, in such manner as agreed upon between
Brightstar and Sagem.

Provide office space at Brightstar's Miami office for one individual Sagem sales
manager at no cost to Sagem.

Maintain a one (1) month's supply of Products in its inventory.

5.2.     SAGEM RESPONSIBILITIES.

In partial consideration for Brightstar's obligations under this Agreement,
Sagem shall perform the following services:

Visit existing and potential customers and carriers in the Territory with a
Brightstar representative.

Manage all marketing activities with carriers, and further, be responsible for
all co-operative funds related thereto;

Maintain the confidentiality of Brightstar's customer and market information.

6.       PURCHASE OF PRODUCTS

6.1.     PURCHASES. Under the terms and conditions of this Agreement, Brightstar
         agrees to purchase at its own risk and for its own account, Products to
         be resold in the Territory, solely from Sagem or any other supplier
         approved by Sagem. Brightstar shall submit to Sagem for its acceptance
         purchase orders listing the model, quantity, shipment date, and price
         of the Products requested. The prices set forth in Exhibit 2 hereto do
         not include customs, duties, taxes, fees or other charges which may be
         imposed on the importation, handling, transportation, use or sale of
         the. Products. The amount of any present or future tax, fee or charge
         applicable to the Products shall be paid by Distributor except where
         law otherwise provides in which event the amount of such duties, taxes,
         fees and charges shall be added to the price.

6.2.     PRICES. Brightstar's purchase price for each Product is set forth on
         Exhibit 2 hereto. Sagem may update its selling prices each calendar
         quarter or such sooner period as deemed reasonably necessary by Sagem;
         provided, however, that Sagem shall provide Brightstar with price
         protection for all Products purchased by Brightstar during the
         preceding calendar quarter only and which remain in its inventory
         and/or the inventory of its subsidiaries, except if Brightstar has made
         no effort to sell such Products before.

6.3.     MINIMUM GUARANTEED MARGIN. Sagem hereby agrees with Brightstar that
         Sagem shall provide price protection to Brightstar on all Products
         purchased from Sagem in order that, unless otherwise agreed in writing
         by the parties, Brightstar shall have the following minimum guaranteed
         margins: (i) on Products purchased for under $100.00, a margin of [***]
         percent ([***]%) (with a minimum of $[***]); (ii) on Products purchased
         for between

                                       4
<PAGE>

                 [***] Denotes Confidential Treatment Requested

         $100.00 and $200.00, a margin of [***] percent ([***]%); and (iii) on
         Products purchased for greater than $200.00, a margin of [***] percent
         ([***]%).

For purposes of this Section 6.3, margins will be calculated on the final sales
price to the customer less any customer rebates, and multiplied by the
applicable percentage.

         In the event Brightstar has a margin greater than [***] percent
([***]%) (except as a result of the minimum of $[***]) on Products purchased for
under $100.00, or greater than [***] percent ([***]%) on Products purchased for
between $100.00 and $200.00, or greater than [***] percent ([***]%) on Products
purchased for more than $200.00, then Brightstar will issue Sagem a credit memo
for the excess margin generated in those sales.

         In the event Brightstar has a margin less than [***] percent ([***]%)
(with a minimum of $[***]) on Products purchased for under $100.00, or less than
[***] percent on Products purchased for between $100.00 and $200.00, or less
than [***] percent ([***]%) on Products purchased for more than $200.00, then
Brightstar will issue Sagem a debit memo for the difference between the margin
generated in those sales and the minimum margins set forth above.

         On the fifteenth (15th) day of each calendar month, Brightstar shall
provide to Sagem a complete report of all debit memos and credit memos issued by
Brightstar to Sagem for the immediately preceding calendar month pursuant to
this Section 6.3. Sagem shall have a period of five (5) days to accept or
contest the report. Within fifteen (15) days of the reconciliation between the
parties as to the debit memos/credit memos, Brightstar shall remit to Sagem
payment for any excess margins generated from the sales in the preceding
calendar month (i.e., credit memos exceed debit memos) or if the margins
generated from sales in the preceding month are less than those required
pursuant to this Section 6.3 (i.e., debit memos exceed credit memos) then Sagem
shall issue to Brightstar a credit note to be used by Brightstar to deduct from
future invoiced amounts.

         For purposes of clarification, below are various examples depicting the
calculation of the margins based on the transaction type:

1)       Sale FOB Miami to Carrier debit memo to Sagem without Sales agent
         commission

<TABLE>
<CAPTION>

                                                             Pricing          Comments
                                                             -------          --------

<S>                                              <C>         <C>              <C>
Brightstar Purchase Price FOB Paris                             [***]
Brightstar Purchase Price FOB Paris                             [***]
Freight and Insurance to Miami                                  [***]
Commission to Sales Agent                                       [***]
Total Cost Brightstar                                           [***]
Coop funds on Sales Price                        [***]%         [***]
Total Costs                                                     [***]

Sales Price to Carrier                                          [***]
Sales Price to Carrier                                          [***]
Guaranteed Minimum Margin Brightstar             [***]%         [***]
Base Price for Calculation                                      [***]
Base Price for Calculation                                      [***]

Credit or Debit to Sagem                                        [***]        Issue Debit Memo to Sagem

</TABLE>

                                       5
<PAGE>

                 [***] Denotes Confidential Treatment Requested

2)       Sale FOB Miami to Carrier credit memo to Sagem without sales agent
         commission

<TABLE>
<CAPTION>

                                                             Pricing          Comments
                                                             -------          --------

<S>                                                 <C>        <C>            <C>
  Brightstar Purchase Price FOB Paris                           [***]
  Freight and Insurance to Miami                                [***]
  Commission to Sales Agent                                     [***]
  Total Cost Brightstar                                         [***]
  Coop funds on Sales Price                       [***]%        [***]
  Total Costs                                                   [***]

  Sales Price to Carrier                                        [***]
  Guaranteed Minimum Margin Brightstar            [***]%        [***]
  Base Price for Calculation                                    [***]
  Credit or Debit to Sagem                                      [***]           Issue Credit Memo to Sagem

</TABLE>

3)       Sale FOB Miami to Carrier debit memo to Sagem with sales agent
         commission

<TABLE>
<CAPTION>

                                                             Pricing          Comments
                                                             -------          --------

<S>                                                 <C>        <C>            <C>
  Brightstar Purchase Price FOB Paris                          [***]
  Freight and Insurance to Miami                               [***]
  Commission to Sales Agent                                    [***]
  Total Cost Brightstar                                        [***]
  Coop funds on Sales Price                         [***]%     [***]
  Total Costs                                                  [***]
  Sales Price to Carrier                                       [***]
  Guaranteed Minimum Margin Brightstar              [***]%     [***]
  Base Price for Calculation                                   [***]
  Credit or Debit to Sagem                                     [***]

                                                                              Issue Debit Memo to Sagem
</TABLE>

4)       Sale FOB Miami to Carrier credit memo to Sagem with sales agent
         commission

<TABLE>
<CAPTION>

                                                             Pricing          Comments
                                                             -------          --------

<S>                                                 <C>        <C>            <C>
  Brightstar Purchase Price FOB Paris                          [***]
  Freight and Insurance to Miami                               [***]
  Commission to Sales Agent                                    [***]
  Total Cost Brightstar                                        [***]
  Coop funds on Sales Price                         [***]%     [***]
  Total Costs                                                  [***]

  Sales Price to Carrier                                       [***]
  Guaranteed Minimum Margin Brightstar              [***]%     [***]
  Base Price for Calculation                                   [***]
  Credit or Debit to Sagem                                     [***]          Issue Credit Memo to Sagem

</TABLE>

                                       6
<PAGE>
                     [***] Confidential Treatment Requested

5)       Sale Landed In-Country to Carrier debit memo to Sagem without sales
         agent commission

<TABLE>
<CAPTION>

                                                                 Pricing       Comments
                                                                 -------       --------

<S>                                                 <C>        <C>            <C>
   Brightstar Purchase Price FOB Paris                             [***]
   Freight and Insurance to Miami                                  [***]
   Commission to Sales Agent                                       [***]
   Total Cost Brightstar Corp.                                     [***]
   Freight and Insurance to Sub.                                   [***]
   Duties and other costs excluding VAT             [***]%         [***]
   Coop funds on Sales Price                        [***]%         [***]

   Total Costs in Brightstar Sub                                   [***]
   Sales Price to Carrier                                          [***]

   Guaranteed Minimum Margin Brightstar             [***]%         [***]
   Base Price for Calculation                                      [***]
   Credit or Debit to Sagem                                        [***]         Issue Debit Memo to Sagem

</TABLE>

6)       Sale Landed In-Country to Carrier credit memo to Sagem without sales
         agent commission

<TABLE>
<CAPTION>

                                                                Pricing       Comments
                                                                -------       --------

<S>                                                 <C>        <C>            <C>
  Brightstar Purchase Price FOB Paris                             [***]
  Freight and Insurance to Miami                                  [***]
  Commission to Sales Agent                                       [***]
  Total Cost Brightstar Corp.                                     [***]
  Freight and Insurance to Sub.                                   [***]
  Duties and other costs excluding VAT            [***]%          [***]

  Coop fiends on Sales Price                      [***]%          [***]
  Total Costs in Brightstar Sub                                   [***]

  Sales Price to Carrier                                          [***]
  Guaranteed Minimum Margin Brightstar            [***]%          [***]
  Base Price for Calculation                                      [***]
  Credit or Debit to Sagem                                        [***]          Issue Credit Memo to Sagem
</TABLE>

7)       Sale Landed In-Country to Carrier debit memo to Sagem with sales agent
         commission

<TABLE>
<CAPTION>

                                                                Pricing       Comments
                                                                -------       --------

<S>                                                 <C>        <C>            <C>
Brightstar Purchase Price FOB Paris                               [***]
Freight and Insurance to Miami                                    [***]
Commission to Sales Agent                                         [***]
Total Cost Brightstar Corp.                                       [***]
Freight and Insurance to Sub.                                     [***]
Duties and other costs excluding VAT               [***]%         [***]

Coop funds on Sales Price                          [***]%         [***]
Total Costs in Brightstar Sub                                     [***]

Sales Price to Carrier                                            [***]
Guaranteed Minimum Margin Brightstar               [***]%         [***]
Base Price for Calculation                                        [***]
Credit or Debit to Sagem                                          [***]         Issue Debit Memo to Sagem

</TABLE>

                                       7
<PAGE>
                     [***] Confidential Treatment Requested

8)       Sale Landed In-Country to Carrier credit memo to Sagem with sales agent
         commission

<TABLE>
<CAPTION>

                                                                Pricing       Comments
                                                                -------       --------
<S>                                                 <C>         <C>           <C>
  Brightstar Purchase Price FOB Paris                             [***]
  Freight and Insurance to Miami                                  [***]
  Commission to Sales Agent                                       [***]
  Total Cost Brightstar Corp.                                     [***]
  Freight and Insurance to Sub.                                   [***]
  Duties and other costs excluding VAT             [***]%         [***]

  Coop funds on Sales Price                        [***]%         [***]
  Total Costs in Brightstar Sub                                   [***]

  Sales Price to Carrier                                          [***]
  Guaranteed Minimum Margin Brightstar             [***]%         [***]
  Base Price for Calculation                                      [***]
  Credit or Debit to Sagem                                        [***]          Issue Credit Memo to Sagem

</TABLE>

         o        Any transactions that require a debit memo from Brightstar to
                  Sagem, shall require the prior written consent of Sagem.

         o        Any transaction that requires a sales agent shall require the
                  prior written consent of Sagem.

         o        The following terms shall have the following meanings:
                  "Freight and Insurance to Miami" shall equal the actual costs
                  incurred by Brightstar in transporting the Products to Miami;
                  (ii) "Commission to Sales Agent" shall equal the costs
                  associated with outside or independent sales agents used by
                  Brightstar in connection with certain carriers or countries
                  within the Territory (and with the prior written consent of
                  Sagem); (iii) "Freight and Insurance to Subsidiary" shall
                  equal the actual costs incurred by Brightstar or its
                  subsidiaries in connection with transporting the Products
                  "Landed In-Country", where required by carrier; (iv) "Coop
                  Funds" shall equal the amount reserved by Brightstar for its
                  marketing efforts to promote Sagem within the Territory.
                  Brightstar's intent is to reserve 2% of the sales price as
                  coop funds, provided, however, in some cases where the margins
                  are less than Brightstar's customary margins, the reserve may
                  be a lesser amount, as determined by Brightstar; and (v)
                  "Duties and other Costs excluding VAT" shall mean duties
                  required to import Products into respective country and
                  customer brokerage and other fees for the
                  importation/nationalization of Products.

Notwithstanding the foregoing, in the event of an exceptional circumstance in
which Sagem will lose a potential sale as a result of the guaranteed margins
provided in Section 6.3(i) above, Brightstar shall review its service fee for
such transaction and use its commercially reasonable efforts to revise its
standard margin.

Closed deals:

Notwithstanding the foregoing, in certain cases, the margins that Brightstar
will have will exceed [***]%, resp. [***]% or [***]%. In such specific cases,
Brightstar can request that there is no profit sharing. In

                                       8
<PAGE>
                     [***] Confidential Treatment Requested

order for this request to be fulfilled, Sagem will have to accept the request in
writing. In such case, the examples N(degree) 1 to 8 shall not apply.

6.4.     MINIMUM PURCHASE REQUIREMENT.

Brightstar agrees to comply with the minimum purchase amounts set forth in
Exhibit 3 (hereinafter "Minimum Annual Purchase Amounts"). The Minimum Annual
Purchase Amounts may be revised from time to time by mutual written agreement of
the parties hereto. Any quantity that Sagem shall sell directly to any carrier
within the Territory (other than France Telecom/Orange properties in the
Caribbean) shall be deducted from the Minimum Annual Purchase Amount. Any
quantity that Brightstar shall sell directly to a France Telecom/Orange
properties within the Territory shall be added to the Minimum Annual Purchase
Amount.

6.5.     FORECAST. Brightstar shall provide Sagem, on a monthly basis, a
         continuous usage forecast for the following three (3) months (the
         "Forecast") to assist Sagem in maintaining an orderly production flow
         for the purpose of Birghtstar's delivery requirements. Brightstar shall
         indicate the Product model number and project purchase volume by units
         for each month of the Forecast.

6.6.     PURCHASE ORDERS. Brightstar shall submit a firm purchase order no less
         than twenty (20) working days prior to the requested shipment date,
         unless otherwise agreed to by Sagem. Sagem agrees that Brightstar may
         adjust model quantities on any purchase order twenty (20) working days
         prior to shipment. No purchase order is binding on Sagem until
         accepted. A purchase order shall be deemed accepted by Sagem when
         Product is shipped or Sagem's failure to reject, in writing, a purchase
         order within five (5) days after receipt thereof, whichever occurs
         first. Sagem reserves the right in its sole discretion to accept or
         reject any order for Products received from Brightstar, provided,
         however, that any rejected orders which was in the monthly forecast
         will be reduced from the Minimum Purchase Requirements set forth in
         this Agreement.

6.7.     SAMPLES: MARKETING MATERIALS. Sagem agrees to provide at no cost to
         Brightstar thirty (30) working samples of any new Product. In addition,
         Sagem shall provide Brightstar, at no cost, a reasonable quantity of
         manuals, boxes, and promotional and marketing material, in both English
         and Spanish languages, as well as 120 and 220 volt chargers or
         autovolt.

6.8.     MINIMUM QUANTITIES FOR SOFTWARE DEVELOPMENT.. When needed, Sagem will
         customize mobile phone software for a given customer provided this
         customization is made for a MINIMUM ordered quantity of respectively
         7.5 K units for my X1 or myX3, 5K units for myX2, 2.5 K units for
         myX5/C5, 2 K units for myX6/C6 and 1K units for myX8. Upon reception,
         of the specifications of the requested customization, Sagem will make
         its reasonable efforts to provide such customization within three
         weeks. The customization for any quantity below the above mentioned
         threshold will need to be discussed between Brightstar and Sagem to
         mutually agree upon the conditions of performance of such
         customizations.

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6.9.     MINIMUM QUANTITIES FOR LOCAL REPAIR CENTER SET UP. Provided the
         cumulative quantity of Sagem mobile phones sold by Brightstar in a
         given country is higher than 10 K, Sagem will set up a domestic repair
         center in this given country.

7.       PAYMENT AND DELIVERY

7.1.     PAYMENT. Unless otherwise approved in writing by Sagem, Brightstar must
         pay for Products, net of any discount, at Sagem's bank account listed
         below, in U.S. currency by wire transfer within forty-five (45) days
         following the date of the invoice. The following is Sagem's account
         information:

                           NATEXIS BANQUES POPULAIRES
                             Account Number : [***]

7.2.     DELIVERY TERMS. All deliveries are FCA Brightstar forwarder at Charles
         de Gaulle International Airport, unless otherwise specified in the
         subject purchase order. Title to the Products sold shall pass to
         Brightstar upon delivery to Brightstar. Risk to the Products shall pass
         to Brightstar in accordance with ICC Incoterms 2000.

8.       WARRANTY

8.1      Sagem shall have the sole responsibility for providing, at its cost,
         warranty services on the Products and shall be responsible for
         sub-contracting authorized service centers in each country within the
         Territory for the provision of such warranty services. Brightstar shall
         assist Sagem in identifying possible authorized service centers.

8.2.     As soon as Brightstar Miami receives an order, from one of its
         Subsidiaries or from a Carrier, it shall immediately inform Sagem
         Customer Service department of that order.

         Brightstar shall send to Sagem the following information every time
         products are delivered to a Customer:

         IMEI number, Reception date at Brightstar, Expeditor (Sagem FGR...),
         initial Handset reference, Updated reference (when customized),
         Original software, Updated software, soft updated date, Packaging
         reference (from Unit packaging), Customer name, Country of delivery,
         Delivery date by Brightstar, (refer to specification of customized
         process describing the data required).

         Sagem will bear the costs of the warranty of a product if Sagem has
         received the corresponding information for that product and the product
         is to be repaired in the same country as indicated in the Brightstar
         information.

8.3.     Sagem warrants that each Product (consumables, software and accessories
         excluded) sold by it to Brightstar under the terms and conditions
         herein will be free from defects in material and workmanship under
         normal conditions of use for a period of twelve (12) months from the
         date of sale to the end :user, and not to exceed fifteen (15) months,
         from Brightstar date of delivery to the Customer or such other
         applicable period negotiated between Sagem and the carrier. In the
         event any carrier charges Brightstar for any defective Products, as a
         result

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         of Sagem's failure to comply with its warranty obligations, Sagem shall
         reimburse Brightstar for any such chargebacks. Brightstar shall use its
         best efforts to limit such chargebacks.

         SAGEM warrants under the same conditions as the equipment that new
         accessories will be free from defects in workmanship during a period of
         three (3) months from the date of sale of the accessory to the end
         user, but not exceeding six (6) months from the date of delivery of the
         accessory by BRIGHTSTAR to the Customer.

         Conditions of warranty shall be as described in Exhibit 5 (Warranty
         Conditions).

         The Warranty card will be included in the product only if a Carrier
         requires to have that Warranty card and Sagem agrees with that. Prior
         to including a specific warranty card in the box of a mobile phone for
         a given customer, Brightstar shall request the approval in writing on
         the content of such warranty card from Sagem. Sagem shall answer within
         a period of one (1) month maximum from the writing request.

8.4.     As to replacement parts supplied for a Product or repairs performed on.
         a Product during the original warranty period for such Product, the
         warranty period on the replacement part or the repaired part shall
         expire ninety (90) days after shipment or upon the expiration of the
         warranty period applicable to the original Product, whichever is later.

8.5.     Except as set forth in this Agreement, Sagem assumes no other
         warranties, whether explicit or implicit. Specifically, Sagem does not
         warrant that the Products are merchandable or meet the specific needs
         of Brightstar and/or its customers or that their operation will be
         uninterrupted or error free.

8.6.     SAGEM MAKES NO OTHER REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR
         IMPLIED. EXCEPT AS OTHERWISE PROVIDED IN THE LIMITED WARRANTIES, SAGEM
         SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTY OF MERCHANTABILITY OR
         FITNESS FOR A PARTICULAR PURPOSE.

8.7.     Brightstar's Responsibility. As Brightstar's sole obligation hereunder
         relating to the warranty of Products, it agrees to transfer Sagem's
         limited warranty set forth above to its customers and end-users.
         Brightstar shall have no liability or responsibility for providing any
         additional warranties or for performing any warranty service.
         Notwithstanding the foregoing, Brightstar may, at its election, provide
         warranty support services for an additional fee to be mutually agreed
         upon, in writing, between the parties. Brightstar shall not grant any
         other warranty conditions to carriers except for those provided by
         Sagem, without Sagem's prior written consent. Brightstar shall inform
         its Customers of the services provided by Sagem as described in Exhibit
         5.

8.8.     INDEMNIFICATION. Subject to the provisions of Section 12, Sagem shall
         indemnify and hold Brightstar harmless against any claim by any third
         party and ensuing damages and expenses which would result for
         Brightstar from the non-observance by Sagem of its warranty obligations
         contained in this Section 8. Subject to the provisions of Section 12,
         Brightstar shall indemnify and hold Sagem harmless against any claim by
         any third

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         party and ensuing damages and expenses which would result for Sagem
         from the nonobservance by Brightstar of its obligations of performance
         and quality in customizing Sagem mobile phones for a given customer.

9.       PATENT AND COPYRIGHT INDEMNIFICATION

         Sagem agrees to defend, at its expense, any suits against Brightstar
and third parties purchasing Sagem products from Brightstar based upon a claim
that any Products furnished hereunder infringes a patent or copyright within the
Territory. Subject to the conditions and limitations of liability stated in this
Agreement, Sagem shall pay costs and damages finally awarded in any such suit,
provided that Sagem is notified promptly in writing of the suit and at Sagem's
request and at Sagem's expense is given control of said suit and all requested
assistance for defense of same. If the use or sale of any Product(s) furnished
hereunder is enjoined as a result of such suit, Sagem at its option and at no
expense to Brightstar, shall obtain for Brightstar the right to use or sell said
product(s) or shall substitute an equivalent product reasonably acceptable to
Brightstar and extend this indemnity thereto or shall accept the return of the
Products) and reimburse Brightstar the purchase price therefore. This indemnity
does not extend to any suit based upon any infringement or alleged infringement
of any patent or copyright by the alteration of any products furnished by Sagem
or by the combination of any Products(s) furnished by Sagem and other elements.

10.      DISCLAIMER OF INTELLECTUAL PROPERTY LICENSE

         Nothing contained herein shall be deemed to grant either directly or by
implication, estoppel, or otherwise, any license under any patents, copyrights,
trademarks or trade secrets of Sagem. In order that Sagem may protect its
trademarks, trade names, corporate slogans, corporate logo, goodwill and product
designations, except as provided in this Agreement, Brightstar, without the
express written consent of Sagem, shall have no right to use any such marks,
names, slogans or designations of Sagem in the sales or advertising of any
Products or on any Product container, component part, business forms, sales,
advertising or promotional materials or other business supplies or material,
whether in writing, orally or otherwise.

         Brightstar shall use Sagem's trademarks only to identify and sell the
Products. Brightstar shall not register, in its own name, any trademarks or
other distinctive sign of Sagem or which may be confused with those of Sagem, in
the Territory or, elsewhere.

         Brightstar shall refrain from integrating a Sagem's trademarks in its
name and its letterheads or business paper.

         Brightstar shall sell the Products under Sagem's trademark and
tradename. Brightstar shall not alter or cancel or otherwise any Sagem's
trademark or tradename appearing on any Product or documentation, and shall not
apply additional markings on the Products or on the documentation, except for
any co-branding of the Products requested by the carriers.

11.      COMPLIANCE WITH LAWS

11.1.    Brightstar shall at all times conduct its efforts hereunder in
         accordance with all applicable laws and regulations. Brightstar shall
         effect or secure and maintain at its own cost all

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         necessary governmental permits, licenses, approvals and registrations
         required in connection with the execution or performance of this
         Agreement and the importation and resale of the Products in the
         Territory.

11.2.    It is Brightstar's sole liability to check, before the resale, lease or
         other disposal of any Product purchased from Sagem, what are the safety
         standards or other requirements applicable, such as approvals, norms in
         force and required on the relevant country where Brightstar intends to
         resell, lease, or otherwise to dispose of the Products. In case
         Brightstar has any doubt that said Product or part thereof does not
         comply with the legal obligations, he shall ask Sagem for the existence
         of any equivalence, and if necessary, communicate to Sagem the standard
         of the relevant country for examination. Brightstar shall indemnify and
         hold Sagem harmless against any claim by any third party and ensuing
         damages and expenses which would result for Sagem from the
         non-observance of this stipulation.

12.      LIMITATION OF LIABILITY

12.1.    EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
         LAW, ANY RIGHT TO OR CLAIM OF ANY PUNITIVE, EXEMPLARY, INCIDENTAL,
         INDIRECT, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES (INCLUDING, WITHOUT
         LIMITATION, LOSS OF PROFITS) AGAINST THE OTHER PARTY HERETO, ITS
         AFFILIATES, AND THEIR RESPECTIVE OFFICERS, DIRECTORS, SHAREHOLDERS,
         PARTNERS, AGENTS, REPRESENTATIVES, INDEPENDENT CONTRACTORS, SERVANTS
         AND EMPLOYEES, IN THEIR CORPORATE AND INDIVIDUAL CAPACITIES, ARISING
         OUT OF ANY CAUSE WHATSOEVER AND AGREES THAT IN THE EVENT OF A DISPUTE,
         SUCH OTHER PARTY SHALL BE LIMITED TO THE RECOVERY OF ANY ACTUAL DAMAGES
         SUSTAINED BY IT, BUT IN NO EVENT GREATER THAN THE AMOUNT PAID OR
         PAYABLE FOR THE SUBJECT PURCHASE ORDER..

12.2.    EXCEPT FOR CLAIMS FOR PRODUCT LIABILITY AND CLAIMS FOR INFRINGEMENT OF
         INTELLECTUAL PROPERTY AND SUBJECT TO EACH PARTY'S INDEMNIFICATION
         OBLIGATIONS CONTAINED HEREIN, EACH PARTY AGREES THAT IN THE EVENT OF A
         DISPUTE, THE GLOBAL AND DEFINITIVE LIABILITY OF THE OTHER PARTY SHALL
         BE LIMITED TO THE RECOVERY OF ANY ACTUAL DAMAGES SUSTAINED BY IT, BUT
         IN NO EVENT GREATER THAN THE AMOUNT PAID OR PAYABLE FOR THE SUBJECT
         PURCHASE ORDER.

12.3.    In case of loss or damage to data, Sagem shall not be liable and shall
         not reinstall any such data in the Products.

12.4.    Neither party hereto shall be under any liability or obligation to
         compensate the other in case of force majeure as defined in article 13.

12.5.    Brightstar shall indemnify and hold harmless Sagem at all times from
         and against all claims, costs, charges and expenses, including, without
         limitation, legal expenses,

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         damages and liability (collectively, "Loss") incurred or suffered by
         Sagem in respect of or out of the resale, use, state, condition or
         ownership of the Products arising other than as a result of defects in
         material or workmanship of the Products.

12.6.    Sagem shall indemnify and hold harmless Brightstar at all times from
         and against all Loss incurred or suffered by Brightstar in respect of
         or arising out of Sagem's gross negligence, willful misconduct or
         claims for product liability or otherwise arising as a result of
         defects in material or workmanship of the Products.

12.7.    It is expressly agreed between both Parties that Brightstar shall
         refrain to sell or distribute or introduce Products in United States of
         America territory. In case of a breach of this commitment by
         Brightstar, Brightstar shall indemnify and hold harmless Sagem against
         any damages or consequences of such introduction of Products in the
         said territory.

12.8.    In all cases, each party's sole liability shall be limited to those
         specifically provided for in this Agreement

13.      FORCE MAJEURE

         Neither party shall be held liable for any delay or failure to perform
due to any cause beyond its reasonable control. The delivery schedule shall be
considered extended by a period of time equal to the time lost because of any
excusable delay.

14.      WAIVER

           The failure of either party to insist in any one or more instances,
  upon the performance of any of the terms or conditions herein or to exercise
  any right hereunder shall not be construed as a waiver or relinquishment of
  the future performance of any such terms or conditions or the future exercise
  of such right but the obligation of the other party with respect to such
  future performance shall continue in full force and effect.

15.      TERMINATION

         15.1 TERMINATION. Either party hereto shall have the right to terminate
this Agreement, upon: (i) a party's material breach of this Agreement, and the
breaching party's failure to cure said breach within ninety (90) days' after its
receipt of written notice detailing the breach with specificity; or (ii) a
petition for bankruptcy being filed, voluntarily or involuntarily, against a
party hereto, and failure to have same withdrawn within thirty (30) days
thereof. In addition to the above, Sagem shall have the right to (i) terminate
this Agreement with a thirty (30) days prior written notice to Brightstar, which
election to terminate must be exercised within thirty (30) days after a rolling
quarter, if the Minimum Quarterly Purchase Amount (as set forth for the first
year of this Agreement on Exhibit 3 and as thereafter agreed upon between the
parties hereto in writing) has not been reached and same is not the result of
(A) Sagem's Products not being competitively prices with similar models of
Motorola or Nokia; (B) Sagem postpones the launch of any of its Products; (C)
Sagem's delay in its delivery of Products; or (D) force majeure and if, at the
end of the next quarter, the total quantifies over this rolling quarter and the
following quarter is lower than the sum of the Minimum Quarterly Purchase Amount
corresponding to these two consecutive quarters; or (ii) terminate this
Agreement with a thirty (30) days written

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notice to Brightstar if the employee provided under' article 5.2 hereabove
should leave Brightstar without being replaced by a person approved by Sagem,
which approval shall not be unreasonably withheld.

         15.2 SURVIVAL. The terms, provisions, representations and warranties
contained in this Agreement that be their sense and context are intended to
survive the performance thereof by either or both parties shall so survive the
completion of performances and termination or expiration of this Agreement.

         15.3 EFFECT OF TERMINATION. Upon termination of this Agreement
Brightstar shall return to Sagem all Product catalogues, sales literature,
samples, demonstration equipment or other promotional materials. Also, upon
termination, Brightstar shall have the right to sell within the Territory any
Product remaining in its inventory; provided, however, that Sagem shall have the
option, but not the obligation, to repurchase all or any part of the remaining
inventory of the Products remaining in Brightstar's possession at the price paid
to Sagem for such inventory, plus all additional costs incurred by Brightstar in
connection therewith, including, without limitation, freight, insurance, duties.
Said option shall be exercisable upon written notice to Brightstar within thirty
(30) days following notice of termination of this Agreement. Upon exercise of
said option to repurchase, Sagem and Brightstar shall at Sagem's option take an
inventory of all Products remaining in Brightstar's possession. Sagem shall pay
Brightstar for the inventory of repurchased Products upon delivery thereof.
Neither expiration of the term of this Agreement nor its termination or
non-renewal shall entail a right to damages or indemnity for the benefit of any
party. In particular, Brightstar shall not be entitled to any indemnity
whatsoever whether for goodwill loss of prospective profits or anticipated
orders or on account of any expenditures, investments, or for any other reason
whatsoever, by reason of the investments made, said investments being made by.
Brightstar on its sole initiative. Notwithstanding the foregoing, in the event
Sagem terminates this Agreement, without cause, Sagem shall pay to Brightstar,
on the first day of each month during the six (6) month period following -the
termination of the Agreement, an amount equal to [***] percent ([***]%) of the
gross revenues from the sale of Products in the Territory to Class A Carriers
for the immediately preceding calendar month and an amount equal to [***]
percent ([***] %) of the gross revenues from the sale of Products in the
Territory to Class B Carriers for the immediately preceding calendar month.

         Reciprocally, in the event Brightstar terminates this Agreement,
without cause, Brightstar shall pay to Sagem an amount equal to [***] percent
([***]%). of the gross revenues from the sale of Products in the Territory
performed by Brightstar to Class A Carriers over the preceding six calendar
month and an amount equal to [***] percent ([***] %) of the gross revenues from
the. sale of Products in the Territory performed by Brightstar month to Class B
Carriers over the preceding six calendar months(or over the highest number of
months which sales are known if less than six months have elapsed). Such amount
shall be paid to Sagem over six months following the termination of the
Agreement, on the first day of each month.

16.      DISPUTE RESOLUTION

         Federal Swiss Law, to the exclusion of the provisions of the Vienna
Convention on the International Sales of goods, shall apply to this Agreement
and to the orders governed by it.

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         In the event of a dispute relating to the interpretation or application
of this Agreement, the Parties shall first endeavor an amicable settlement. If
the Parties fail to reach such settlement within two (2) months, the dispute
shall be finally settled in accordance with the Rules of Conciliation and
Arbitration of the International Chamber of Commerce by three arbitrators
appointed in accordance with the said Rules unless the Parties agree on the name
of a sole arbitrator. The arbitration shall take place in Miami, Florida, in the
English language.

17.      CONFIDENTIALITY

         Each party hereto (the "Receiving Party") shall treat as confidential
all business or technical information of the other party hereto or its
affiliated or related parties (the "Disclosing, Party") which it obtains in
connection with this Agreement. Such information is collectively referred to as
"Confidential Information". The foregoing obligation of confidentiality shall
commence on the date hereof and continue for a period of five (5) years
following the expiration or earlier termination, for any reason, of this
Agreement. The Receiving Party shall protect the confidentiality of Confidential
Information disclosed to it, using the same degree of care as it uses to protect
its own confidential proprietary information of like kind (but in no event less
than a reasonable standard of care). The Receiving Party shall not use any
Confidential Information, except as necessary for performance of its
responsibilities hereunder. The Receiving Party shall limit disclosure of
Confidential Information to only those of its employees, agents and
representatives with a need to know for the purposes authorized herein. The
Receiving Party shall not disclose any Confidential Information to any third
party without the Disclosing Party's prior written consent. Excluded from the
obligations of confidentiality in this Section is information known or that
becomes known to the general public without breach by the Receiving Party of
this Agreement. Upon termination of this Agreement, the Receiving Party shall
return to the Disclosing Party all copies of Confidential Information in its
possession or certify to the Disclosing Party in writing that all such copies
have been destroyed.

18.      NOTICES

         All notices required under this Agreement (other than purchase orders,
invoices and forecasts) will be sent and deemed delivered (i) upon personal
delivery; or (ii) three (3) days after mailing by an internationally recognized
express courier (i.e., Federal Express; DHL) to the appropriate party at its
address stated below (or to a new address if the other has been properly
notified in writing of the change):

                  If to Sagem:           Sagem, S.A.
                                         27, rue Leblanc
                                         Paris (15 eme) France
                                         Attn:  The Managing Director,
                                         Mobile Phones Division

                  If to Brightstar:      Brightstar Corp.
                                         2010 N.W. 84 Avenue
                                         Miami, Florida 33122
                                         Attn: R. Marcelo Claure, President

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                  With a copy to:        Kirkpatrick & Lockhart LLP
                                         Miami Center, Suite 2000
                                         201 S. Biscayne Blvd.
                                         Miami, Florida 33131
                                         Attn: Clayton E. Parker, Esq.

19.      GENERAL

19.1.    MODIFICATIONS. No alterations or modifications of this Agreement shall
         be binding upon either party hereto unless made in writing and signed
         by an authorized representative of each party.

19.2.    SURVIVAL., If any term or condition of this Agreement shall to any
         extent be held by a court or other tribunal to be invalid, void or
         unenforceable, then that term or condition shall be inoperative and
         void insofar as it is in conflict with law, but the remaining rights
         and obligations of the parties shall be construed and enforced as if
         this Agreement did not contain the particular term or condition held to
         be invalid, void or unenforceable.

19.3.    ASSIGNMENT. No assignment of this Agreement or of any right granted
         herewith shall be made by either party hereto, without the prior
         written consent of the other party hereto.

19.4.    ENTIRE AGREEMENT. This Agreement and its attachments set forth the
         entire understanding between the parties hereto and supersedes all
         prior agreements, arrangements and communications, whether oral or
         written, with. respect to the subject matter hereof. No other
         agreements, representations, warranties or other matters, whether oral
         or written, shall be deemed to bind the parties hereto with respect to
         the subject matter hereof.

19.5.    ENFORCEMENT COSTS. If any legal action or other proceedings is brought
         for the enforcement of this Agreement, or because of an alleged
         dispute, breach, default or misrepresentation in connection with any
         provision of this Agreement, the prevailing party shall be entitled to
         recover reasonable attorneys' fees, court costs and all expenses
         (including, without limitation, all such fees, costs and expenses
         incident to appellate, bankruptcy, post-judgment and alternative
         dispute resolution proceedings), incurred in that action or proceeding,
         in addition to any other relief to which such party or parties may be
         entitled.

19.6.    COUNTERPARTS. This Agreement may be executed in two or more
         counterparts, each of which shall be deemed an original, but all of
         which together shall constitute one and the same instrument.
         Confirmation by a facsimile signature shall be binding upon that party
         so confirming.

         IN WITNESS WHEREOF, the parties have caused this AGREEMENT to be
executed by their duly authorized representatives on the dates under their
signatures below.

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"SAGEM"                                        "BRIGHTSTAR"

SAGEM, S.A.                                    BRIGHTSTAR CORP.

By: /s/ Thierry Buffenoir                      By: /s/ R. Marcelo Claure
    ---------------------------                    -----------------------------
    Name:  Thierry Buffenoir                       Name:  R. Marcelo Claure
    Title: Senior VP, Managing Director            Title: President and CEO
           Mobile Phones Division

Date: 5th July 2003                            Date:  28 July 2003

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                                    EXHIBIT 1

                        TERRITORY. CARRIERS AND PRODUCTS

TERRITORY: Mexico, Central America, South America (except Brazil) and the
Caribbean,

CARRIERS: Carriers do not include France Telecom/Orange properties, which are
handled in accordance with article 2.1.5.

CLASS A CARRIERS: all carriers in the Territory with the exception of the B
Carriers and France Telecom/Orange properties

CLASS B CARRIERS: Enter PCS Chile, Movir de Enter Bolivia, TIM Peru, Digicel El
Salvador and VOX- Paraguay.

PRODUCTS: mobiles phones: myX1, myX2, myX3, myX5/C5, myX6/C6, myX8, MW
3020/3026, MW 3088

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                                    EXHIBIT 2

Prices:
MW 3020/2/6 = [***] euros
MY 3088 =[***] US$ OR [***] euros
myX-3 = [***] US$ OR [***] euros (for a quantity of 75 K to be delivered before
June 30th)*
myX-5 = [***] US$ OR [***]
euros myC-5 = [***] US$ OR [***] euros
myC-5w = [***] US$ OR [***] euros
myX-6 = [***] US$ OR [***] euros
myC-6 = [***] US$ OR [***] euros
myX-1 = below [***] euros
myX-2 = below [***] euros
myX-8 = [***] US$ OR [***] euros

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                                    EXHIBIT 3

MINIMUM ANNUAL PURCHASE AMOUNTS

Year One        --      [***] mobile phones
Year Two        --      [***] mobile phones
Year One starts at the effective Date.

MINIMUM ANNUAL PURCHASE AMOUNTS

Q1:                [***] mobile phones
Q2:                [***] mobile phones
Q3:                [***] mobile phones
Q4:                [***] mobile phones

(with Q1= Effective Date + 3 months; Q2 = end of Q1 + 3 months; Q3 = end of Q2 +
3 months; Q4 = end of Q3 + 3 months)

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                                    EXHIBIT 4

LIST OF BRIGHTSTAR SUBSIDIARIES

Brightstar Argentina, Brightstar Bolivia, Brightstar Chile, Brightstar
Dominicana, Brightstar Ecuador, Brightstar El Salvador, Brightstar Guatemala,
Brightstar Mexico, Brightstar Paraguay, Brightstar Peru, Brightstar Puerto Rico
and Brightstar Venezuela.

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                                    EXHIBIT 5
                      CHAPTER I GENERAL WARRANTY CONDITIONS

 Where:

         -        Customer means Brightstar direct customer (Carrier or
                  distributor)

         -        ARC means Sagem Authorized Repair Center or authorized
                  collecting center

         -        DOA means Dead On Arrival

         -        DDP means Duty Delivery Paid

ARTICLE 1

         a) Unless otherwise stated in writing by Sagem,

         o        Sagem warrants that any new equipment (consumables, software
                  and accessories excluded) will be free from defects in
                  workmanship (labor and parts included but freight excluded)
                  during a period of twelve (12) months from the date of sale of
                  the equipment to the end user, upon proof of the date of
                  purchase by the said end user, but not exceeding fifteen (15)
                  months from the date of delivery of the equipment from
                  Brightstar to the Customer.

         o        Sagem warrants under the same conditions as the equipment that
                  new accessories will be free from defects in workmanship
                  during a period of three (3) months from the date of sale of
                  the accessory to the end user, but not exceeding six (6)
                  months from the date of delivery of the accessory by
                  Brightstar to the Customer.

         b) As to repaired or exchanged equipment during the original warranty
            period here above mentioned, the warranty period on the exchanged or
            repaired equipment shall expire three (3) months after the date of
            shipment to end user of such equipment or upon the expiration of the
            warranty period applicable to the original equipment set forth in
            ss. a), whichever is later.

         c) The statutory rights of private consumers shall remain in force and
            are not affected by this warranty.

ARTICLE 2

Any defective equipment under warranty shall be replaced or repaired, free of
charge at Sagem's discretion (to the exclusion of compensation for any other
damage ), being understood that the end user shall have to pay the travel cost
of the equipment (transport and insurance) to ARC.

Subject to legal mandatory provisions, the express warranties set forth in this
article 1 are in lieu of all other warranties express or implied. Especially,
Sagem makes no representations or warranty as to quality or fitness of the
equipment or service for any particular purpose. In no event shall Sagem be
liable for indirect, special or consequential damage (including but not limited
to loss of orders, loss of

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profits, loss of data and any other financial or commercial damage) whether
based on warranty contract or tort.

ARTICLE 3

The guarantee applies under normal conditions of use.

Prior to any work, the Customer shall, at his/her own costs, undertake every
step in preparation for such work and save all personalized data held in the
equipment. In case of loss or damage to data, Sagem shall not be liable and
shall not reinstall any such data in the equipment.

Sagem has the choice to repair the equipment with new or used spare parts,
replace the equipment by a new piece, or in good working order. The defective
elements shall become the property of Sagem.

The time when the equipment is repaired or unavailable during the guarantee
period shall not give rise to an extension of the guarantee period as set forth
in article 1 here above, subject to legal mandatory provisions.

ARTICLE 4
Sagem shall have no liability under the guarantee in respect of:

     4.1. defects breakdown or malfunction due to:

         o        failure to properly follow the installation process and
                  instructions for use; or

         o        an external cause to the equipment (including but not limited
                  to, shock, lightening, fire, vandalism, malevolent action,
                  contacts with various liquids or vermin or water damage of any
                  nature, inappropriate electric voltage); or

         o        modifications to the equipment made without the written
                  approval of Sagem; or

         o        a lack of every day maintenance (as described in the
                  documentation supplied with the equipment) or to a lack of
                  supervision or care; or

         o        bad storage conditions or poor environmental conditions,
                  particularly those related to temperature and hygrometry,
                  effects of variations of electric voltage, parasites from the
                  electric network or from the earth; or

         o        repair, work (opening or attempt to open the equipment) or
                  maintenance of the equipment by persons not authorized by
                  Sagem;

     4.2. damage due to insufficient or bad packaging of equipment when returned
     to Sagem

     4.3 wear and tear from normal daily use of the equipment and its
     accessories

     4.4. communication problems related to an unsuitable environment, including
     in particular:

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         o        problems related to access and/or connection to the Internet
                  such as interruptions by access networks or malfunction of the
                  line used by the subscriber or his correspondent,

         o        transmission faults (for example poor geographical coverage by
                  radio transmitters, interference or poor line quality),

         o        the local network fault (wiring, servers, workstations) or the
                  failure of the transmission network (such as but not limited
                  to interference's, fault or poor quality of the network)

         o        modification of the parameters of the cellular network carried
                  out after the sale of the equipment

     4.5. supply of new versions of software

     4.6. work in connection with normal use: delivery, installation or exchange
     of consumable supplies,

     4.7. work on any equipment modified or added without the consent of Sagem

     4.8. malfunction due to the use of products, consumables or accessories
     which are non compatible with the equipment

     4.9. opening or locking of an operator's SIM key and work due to the non
     functioning of the equipment caused by the opening or locking of an
     operator's SIM key carried out without the original operator's approval

     4.10 Defects from materials supplied or chosen by the Customer or from a
     design imposed by the Customer.

Article 5

In the cases of warranty exclusion as well as after the expiry of the warranty
period, a quotation shall be sent to the Customer to be agreed before any work.
The repair and return transport costs, mentioned in the agreed quotation, will
be invoiced to the Customer.

ARTICLE 6

Sagem will repair or replace defective products of a given model up to 36 months
after the production of this model has been discontinued.

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ARTICLE 7

1        DELIVERY OF THE SWAP STOCK

         - Sagem will deliver to Brightstar free of charge a stock of products
         (handsets or boards) dedicated exclusively to the replacement of the
         defective products not repairable. The of swap delivered will be:

            -  Sagem 2% of the customized products for the countries where there
               is no ARC.

            -  2% of the generic products delivered by Sagem to Brightstar

         that % can be modified by SAGEM, at its own option, in a case by case
         basis depending on the conditions and needs (quantity of products
         ordered, % of defective products,...).

         - This stock shall remain Sagem's entire and exclusive property. The
         ownership of the swap units shall be under no circumstances transferred
         except with the prior written agreement of Sagem. On delivery of the
         swap and for so long as consignee shall remain in possession of the
         swap, the consignee will be liable for damage to or loss of the swap,
         howsoever caused (theft, fire, water damage... and even if it is a case
         of force majeure).

I.       COUNTRIES WITH ARC

         1.       Product goes directly to the carrier or to Brightstar
                  subsidiary with the customer approved software

                  -        Seed/swap stock will go directly from Sagem to the
                           ARC

                  -        Brightstar will not get involved in any process
                           (logistics, customs clearing, collecting, diagnostic,
                           reverse logistics).

         2.       Product is bought from the generic stock that Brightstar Corp
                  keeps in Miami.

                  -        The seed/swap stock will be programmed by Brightstar
                           before sending it to the local ARC directly from
                           Miami or through its local subsidiary. Brightstar
                           will invoice Sagem for the cost of bringing the
                           seed/swap stock from Miami or to the local ARC.

         Note : if the percentage of seed/swap to be sent to the local ARC
         exceeds the percentage that Brightstar Miami received from Sagem, the
         difference will be taken from Brightstar's commercial inventory and
         invoiced to Sagem.

II.      COUNTRIES WITH NO ARC

         -        Seed/swap stock will be shipped with regular product to
                  Brightstar Miami or to its subsidiaries.

         -        Brightstar will invoice Sagem for freight, duties (IVA not to
                  be included :TB Discussed) and all costs associated with
                  taking the product from Miami and delivering it to the local
                  carrier.

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         -        Brightstar Miami or its subsidiaries will collect, at least
                  once a month, all defective* units from the carrier and will
                  return them to Sagem ( France unless otherwise indicated) for
                  repair or exchange.

         -        All costs involved in the collection and return processes of
                  the defective* units as well as the cost involved in sending
                  back to the carrier the repaired or exchange units will be
                  invoiced to Sagem.

o        Defective units means all units returned by the carrier. Brightstar has
         no technical capability/authority to determine what is a valid
         defective/DOA/guaranteed units. Therefore it will not be held
         responsible if the carrier returns such units to Sagem.

o        Note : if the % of seed/swap to be sent to the local ARC exceeds the %
         that Brightstar Miami received from Sagem, the difference will be taken
         from Brightstar's commercial inventory and invoiced to Sagem

         2 SWAP STOCK RECOVERY:

         Upon request of Sagem made at any time, all swap units, or any portion
         thereof, shall be returned to Sagem within 2 weeks at Sagem cost. The
         swap units should be returned in the same position as it was received
         (in a perfect functionality and cosmetics as new with the accessories
         when they have been delivered with the handset). In case of
         difficulties to recover the swap due to local legal conditions, Sagem
         and Brightstar will define the best solution to recover it.

                      CHAPTER II SERVICES PROVIDED BY SAGEM

ARTICLE 1 DEAD ON ARRIVAL (DOA)

If a piece of equipment (or an accessory) breaks down within a period of seven
(7) days after sale to the first end-customer, the following provisions shall
apply:

1.1  DEFINITION OF DOA

This is a basic failure to new equipment, not subsequent to an accidental cause,
to faulty use or related to the environment, coming about when the end-customer
puts the equipment into service (or if the failure is discovered when the
product is unpacked prior to sale to the customer). It is essential for this
failure to be recorded within a maximum of 7 calendar days following the
purchase date of the equipment by the end customer.

A DOA Product is a Product which meets all the following conditions

     o   The malfunctions presented by the Product must always be a consequence
         of an internal. defect of the Product, provided that the said Product
         is used by the end user for its intended purpose,

     o   The Product must be in good condition (as new),

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     o   The package must be complete (Product plus accessories and manual in
         the original box)

     o   The malfunction must occur within the seven (7) calendar days from the
         date of purchase by the end user

         -        the end user must justify the purchase (invoice and guarantee
                  card with stamp of the- dealer, with the following mandatory
                  requirements : date of purchase and date of return to dealer),

         -        in case of symptom detected before the sale, a stamp of the
                  dealer on the invoice or on the guarantee card,

     o   The Product must have been delivered to Customer by Brightstar less
         than 6 months before the date of purchase by the end user

     o   The total Product talk time must be less than 15 minutes

         It is expressly agreed that a Product is never a DOA Product in those
         cases set out in Chapter 1 Article 4 above.

1.2      OPERATIONS TO BE PERFORMED BY THE CUSTOMER IN EVENT OF DOA

         1.       When it exists Customer DOA team previously shall verify that
                  all the Products taken back by the end customer or the dealer
                  and considered as DOA Products, meet all the conditions set
                  forth in article 1.1 hereabove and that all personalized data
                  held in the Product are saved by the end user.

         2.       Customer shall establish a report in order to identify the
                  Product's malfunction and shall attach it to the Product with
                  the proof of purchase with the date of return to the shop,

         3.       Customer shall inform the relevant ARC when it exists or
                  Brightstar about the DOA Products (the total quantity per
                  model and IMEI number of each Product) checked and ready to be
                  sent.

         4.       Customer, once a month as a minimum, shall send the DOA
                  Products with the relevant fault report and proofs of purchase
                  to the appropriate ARC.

         5.       ARC shall control that the DOA products meet all the
                  conditions set forth in article hereabove. Product not
                  accepted as DOA by the ARC shall be returned in the same state
                  to the Customer, except otherwise agreed by Sagem with
                  Customer.

         6.       ARC shall inform Customer, Brightstar and Sagem about the DOA
                  accepted and rejected within 4 days from the date of reception
                  of the DOA.

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         7.       Accordingly to that information, Sagem shall credit, except
                  other Sagem agreement with Customer, the accepted DOA to
                  Brightstar at the Sagem sold price plus freight, duties and
                  all other related cost supported and justified by BRIGHTSTAR.

         8.       Brightstar shall credit the accepted DOA to its Customer or
                  replace it.

         9.       Confirmed DOA will remain in the ARC and become part of the
                  swap stock of the ARC.

         10.      Product which do not meet the DOA requirements will be
                  returned to the Customer as it was previously received.

ARTICLE 2 REPAIRS

Except in cases where a failure occurs within a period of 7 days after sale of
the equipment to the end-customer, the rules set out below shall apply.

         2.1 OPERATIONS TO BE PERFORMED BY THE CUSTOMER

         The Customer or end-customer will send the product to ARC together with
         a description of the defect recorded and, if the equipment is under
         guarantee, with the proof of purchase (Proof of purchase)).

         2.2 SERVICES PROVIDED BY ARC

                  1.       If ARC confirms a failure under the terms of the
                           guarantee, ARC will repair or replace the defective
                           equipment under the guarantee, (to the exclusion for
                           any compensation of any other damage) and return it
                           to the Customer or end user.

                  2.       If ARC reports that failure is not covered by the
                           guarantee (see Chapter 1 Article 4 specifying the
                           cases excluded from the terms of the guarantee) or
                           that the guarantee period has expired, ARC will
                           inform the end user or Customer of the estimated cost
                           of the repair.

                           - Only if the estimate is accepted, then ARC will
                           repair the defective equipment (to the exclusion for
                           any compensation of any other damage ) and return it
                           to the Customer or end user. The costs of repair and
                           shipping (to and from the ARC) will be invoiced to
                           the Customer or end user.

                           - If the estimated cost of repair is not accepted or
                           the Customer or end user fail to reply within 30 days
                           the product will be returned as is to the expeditor.

                           - Subject to legal mandatory provisions, ARC might
                           invoice the shipping and diagnostic costs to the
                           expeditor according to the ARC tariffs in force at
                           the intervention date.

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ARTICLE 3 DELAYS FOR REPAIRS AND EXCHANGE

Sagem undertakes to respect average processing delays of five (5) working days
(excluding Saturdays, Sundays and Bank holidays) on receipt of any defective
product, shipments excluded.

If, after a period of ten (10) working days the Customer or end user has not
received back the product he sends to the ARC, he should contact ARC in writing
(fax or email), and the shipping company to check if any problem may be caused
by this shipping company.

If ARC does not reply to this return inquiry within a period of five (5) working
days, the Customer or end user will be entitled to request from ARC a
replacement product by a refurbished, product of the same model.

The time taken for repair - when the equipment is out of use during the period
of guarantee - may not lead to extension of the guarantee as set out in Chapter
I above, except in the case of specific legal provision to the contrary.

ARTICLE 4 TRANSPORT

Shipping Costs from the Customer or end user r to ARC will be the responsibility
of the expeditor.

Shipping Costs from ARC to the expeditor will be the responsibility of Sagem.

Goods are transported at the sender's own risk, who is responsible for all
damage arising as a result of insufficient packaging.

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Example of WARRANTY CARD FOR SAGEM MOBILE PHONES SERIE

Dear Customer:

You have just purchased a and we thank you for your custom. This equipment was
manufactured with the greatest care and we hope that it gives you complete
satisfaction.

To avoid any possible inconvenience relating to the use of your equipment, may
we suggest that you read the user manual carefully.

If, despite our efforts, you experience difficulties with this equipment, the
following shall apply:

Sagem SA warrants that any new equipment will be, subject to the terms and
conditions below, free from any defect in workmanship (labor and replacement
parts included) *during a period of twelve (12) months from the date of purchase
of the equipment. (As to new accessories : three (3) months from the date of
purchase). Proof of purchase will be required; so, please keep the receipt in a
safe place.

Sagem SA warrants (labor and replacement parts included) * any repaired
equipment during the original ,warranty period hereabove mentioned, for a period
expiring three (3) months after the date of repair of such equipment or upon the
expiration of the warranty period applicable to the original equipment set forth
above, whichever is later.

This warranty shall apply provided that the equipment is used properly for its
intended purpose and under normal conditions.

Under this warranty, your equipment will be repaired free of charge, in one of
our Authorized Repair Centers in _________________ (country) .You must however
send at your expense (transport and insurance) the equipment to one of our
Authorized Repair Centers, a list of which is given ______________ Please send
your equipment back in suitable packing, as product damage during transportation
is not covered by our warranty. No replacement device will be loaned during the
repair period.

Before sending your equipment to the Authorized Repair Center, please remember
to:

         o        save all the details in your directory and other personal data
                  recorded in your equipment, as they may be erased during the
                  repair process. Sagem SA shall be under no liability in the
                  event of damage caused to your data. No data shall under any
                  circumstances be reinstalled by Sagem SA in the equipment.

         o        Include in the packing of the equipment your name, address and
                  telephone number.

         o        Include a copy of the proof of purchase of the equipment or
                  the warranty card duly dated and completed, at the date of
                  purchase, by the seller.

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THE STATUTORY RIGHTS OF PRIVATE CONSUMERS SHALL REMAIN IN FORCE AND ARE NOT
AFFECTED BY THIS WARRANTY.

* except in the cases mentioned further in this document

                      *************************************

No liability shall arise under the warranty in respect of:

1.       Defects breakdown or malfunction due to:

         o        failure to properly follow the instructions for use; or

         o        an external cause to the equipment (including but not limited
                  to, shock, lightening, fire, vandalism,. malevolent action,
                  contacts with various liquids or vermin or water damage of any
                  nature, inappropriate electric voltage); or

         o        modifications to the equipment made without the written
                  approval of Sagem SA; or

         o        a lack of every day maintenance (as described in the
                  documentation supplied with the equipment) or to a lack of
                  supervision or care; or

         o        bad storage conditions or poor environmental conditions,
                  particularly those related to temperature and hygrometry
                  effects of variations of electric voltage, parasites from the
                  electric network or from the earth; or

         o        repair, work (opening or attempt to open the equipment) or
                  maintenance of the equipment by persons not authorized by
                  Sagem SA;

2.       Damage due to insufficient or bad packaging of equipment when returned
         to the Authorized Repair Center

3.       Wear and tear from normal daily use of the equipment and its
         accessories

4.       Communication problems related to an unsuitable environment, including
         in particular:

         o        problems related to access and/or connection to the Internet
                  such as interruptions by access networks or malfunction of the
                  line used by the subscriber or his correspondent,

         o        transmission faults (for example, poor geographical coverage
                  by radio transmitters, interference or poor line quality),

         o        the local network fault (wiring, ...) or the failure of the
                  transmission network (such as but not limited to interference,
                  fault or poor quality of the network)

         o        modifications of the parameters of the cellular network
                  carried out after the sale of the equipment

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5.       Supply of new versions of software

6.       Work on any equipment or software modified or added without the consent
         of Sagem SA

7.       Malfunction due to the use of products, or accessories which are non
         compatible with the equipment

                                     ******

8.       opening or locking of an operator's SIM key and work due to the non
         functioning of the equipment caused by the opening or locking of an
         operator's SIM key carried out without the original operator's
         approval.

In the cases of warranty exclusion as well as after the expose of the 12 month
warranty period (as to accessories : 3 months), the Customer must ask Sagem SA
for a quotation, and pay the charges (repair and delivery costs) mentioned in it
before returning the equipment to the Authorized Repair Center (ARC).

WARNING:

1.The exchanged defective parts shall become the property of Sagem SA.

2. SUBJECT TO LEGAL MANDATORY PROVISIONS, THE EXPRESS WARRANTIES SET FORTH IN
THIS DOCUMENT ARE IN LIEU OF ALL- OTHER WARRANTIES EXPRESS OR IMPLIED.
ESPECIALLY, SAGEM SA MAKES NO REPRESENTATIONS OR WARRANTY AS TO QUALITY OR
FITNESS OF THE EQUIPMENT FOR ANY PARTICULAR PURPOSE. SAGEM SA'S LIABILITY IN
RESPECT OF ANY CLAIM BY THE CUSTOMER, WHETHER ARISING IN CONTRACT, TORT OR
OTHERWISE, SHALL NOT EXCEED THE PRICE PAID BY THE CUSTOMER FOR THE EQUIPMENT. IN
NO EVENT SHALL SAGEM SA BE LIABLE FOR INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGE
OF ANY KIND (INCLUDING BUT NOT LIMITED TO LOSS OF ORDERS, LOSS OF PROFITS, LOSS
OF DATA, LOSS OF ANTICIPATED EARNINGS, DAMAGE TO GOODWILL OR REPUTATION,
INTERRUPTION OF SERVICE AND ANY OTHER FINANCIAL OR COMMERCIAL DAMAGE) WHETHER
BASED ON WARRANTY CONTRACT OR TORT.

3. Subject to legal mandates provisions, the time when the equipment is repaired
or unavailable during the warranty shall net give rise to an extension of
warranty.

                                  ************

THE FOREGOING SHALL APPLY ONLY FOR ___________ (COUNTRY). IF ANY PROVISION OF
THIS WARRANTY SHALL BE HELD TO BE IN WHOLE OR IN PART INVALID OR ILLEGAL DUE TO
A MANDATORY RULE APPLICABLE TO CONSUMERS PURSUANT TO LEGISLATION, SUCH PROVISION
SHALL NOT BE APPLICABLE TO THESE CONSUMERS. THE REMAINING PROVISIONS SHALL ALL
REMAIN APPLICABLE.

                                       33

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