**Exhibit      4.33**

**AGREEMENT      FOR EQUITY TRANSFER **

**OF      **

**BEIJING      NOVEL-SUPER DIGITAL TV TECHNOLOGY CO., LTD **

**BETWEEN      **

**CHINA      DIGITAL TV TECHNOLOGY CO., LTD. **

**AND**

**GOLDEN      BENEFIT TECHNOLOGY CO., LTD.**

**DATED      DECEMBER 2007**

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| THE                  PARTIES                               | 1 |
|------------------------------------------------------------|---|
| DEFINITIONS                                                | 1 |
| TRANSFER                  OF EQUITY                        | 1 |
| STEPS                  PRIOR TO APPROVAL                   | 2 |
| STEPS                  AFTER APPROVAL                      | 2 |
| PAYMENT                  OF TRANSFER PRICE                 | 2 |
| STATEMENT,                  GUARANTEE AND PROMISE          | 2 |
| CONFIDENTIALITY                  AND NON-COMPETITION       | 3 |
| COMPENSATION                  GUARANTEE                    | 3 |
| MODIFICATION                  OF RIGHTS AND OBLIGATIONS    | 3 |
| EXPENSES                  AND STAMP TAX                    | 3 |
| NOTICE                                                     | 3 |
| APPLICABLE                  LAW AND SETTLEMENT OF DISPUTES | 3 |
| OTHERS                                                     | 3 |

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**THE      PARTIES**

| The                  Transferor: **CHINA                  DIGITAL TV TECHNOLOGY CO., LTD.**                                                                                                |
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|                                                                                                                                                                                       |   |   |
|                                                                                                                                                                                       | Legal                  Address: Pasea Estate, Road Town, Tortola, British Virgin                  Islands |
|                                                                                                                                                                                       |   |   |
|                                                                                                                                                                                       | Chairman                  of Board: Lu Zengxiang    | Nationality:                  China |
|                                                                                                                                                                                       |   |   |
| The                  Transferee: **GOLDEN                  BENEFIT TECHNOLOGY CO., LTD.**                                                                                                  |
|                                                                                                                                                                                       |   |   |
|                                                                                                                                                                        | Legal                  Address: Room 1401, Cambridge House, 26-28 Cameron Road, Tsimshatsui,                  Kowloon. |
|                                                                                                                                                                                       |   |   |
|                                 | Director:                  Zhu Jianhua | Nationality:                  China |
|                                                                                                                                                                                       |   |   |

**WHEREAS:**

*Companies      Law of the People’s Republic of China*
*Law      of the People’s Republic of China on Foreign-Capital      Enterprises*

| (1) | Whereas                meeting the structure and business development of the Company, the                Transferor agrees to transfer its 100% equity in the Company to the                Transferee in accordance with the terms and conditions herein. |
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| (2) | The                Transferor will indirectly control the Company in a 100% manner hereafter. |
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**DEFINITIONS**

| 1.1 | Under                  this Agreement: |
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| 1.2 | Under                this Agreement: |
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|   | (a) | Any                terms and WHEREAS terms mentioned shall refer to the terms and WHEREAS                terms herein. |
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|   | (b) | Any                titles are all set up for convenience and shall not influence the                construction herein. |
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**TRANSFER      OF EQUITY**

| 2.1 | The                transfer of the full equity of BEIJING NOVEL-SUPER DIGITAL TV TECHNOLOGY                CO., LTD. from CHINA DIGITAL TV TECHNOLOGY CO., LTD. to GOLDEN BENEFIT                TECHNOLOGY CO., LTD. (hereinafter referred to as “Transfer”) is an agreed                resolution through fair, impartial and equal negotiation in accordance                with the laws of the People’s Republic of China and the terms and                conditions herein. |
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| 2.2 | No                liability, burden, mortgage, pledge, pawn, lien or any other guaranty                agreements or arrangements in the transfer of the full equity of                BEIJING                NOVEL-SUPER DIGITAL TV TECHNOLOGY CO., LTD. from CHINA DIGITAL TV                TECHNOLOGY CO., LTD. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 2.5 | After                the transfer of equity, the transferee will hold 100% equity of the                Company and shall fulfill modification registration in industrial                and                commercial administration in accordance with law after being approved                by                the government in accordance with regulations. |
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**STEPS      PRIOR TO APPROVAL**

| 3.1 | It                  is agreed that the following documents shall be submitted and prepared                  before the documents for approval of transfer are submitted to                  the                  approval authority: |
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**STEPS      AFTER APPROVAL**

| 4.1 | After                the approval date: |
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**PAYMENT      OF TRANSFER PRICE**

| 5.1 | It                is agreed that the Transferee acquires the full equity in a cost                price of                the equity of the Transferor, the actual investment $ 4,500,000 of                the                Transferor in the Company; and, |
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| 5.2 | The                modes of payment: within three (3) months after acquiring the *Certificate                of Approval for an Enterprise with Foreign Investment,*                the Transferee shall pay the transfer price with dollars in cable                transfer. Before the payment, the Transferor and the Transferee shall                notify the other party in written the foreign exchange accounts opened                in                accordance with law; |
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**STATEMENT,      GUARANTEE AND PROMISE**

| 6.1 | The                Transferor’s statements and guarantees herein as                below: |
|-----|-------------------------------------------------------------------------------------------------|

|  | (a) | No                liability, burden, mortgage, pledge, pawn, lien or any other guaranty                agreements or arrangements on the ownership of the interests of equity                held by the Transferor; |
|--|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (b) | The                Transferor has sufficient right and authority to sign, perform and                abide                by any obligations under this Agreement; this Agreement shall be                signed                and delivered by the Transferor and the obligations shall be legal,                effective, binding and performable in accordance with the terms and                conditions herein. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | The                Transferee shall state and guarantee to the Transferor that the Transferee                has sufficient rights and authority to sign, perform and abide by                any                obligations under this Agreement; this Agreement shall be signed                and                delivered by the Transferee and the obligations shall be legal, effective,                binding and performable in accordance with the terms and conditions                herein. |
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| 6.3 | Any                statements and guarantees herein shall be deemed as independent to                each                other, (unless conversed regulations are made) and shall not be limited                by                other statements and guarantees, nor be limited by any other terms                and                conditions herein. |
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**CONFIDENTIALITY      AND NON-COMPETITION**

| 7.1 | It                is guaranteed that they shall bear the confidential obligation to                the                business secrets of the other party involved in the process of transfer                and the equity transfer itself. Where any loss of the other party                is                caused by any party’s faults, the faulty party shall bear the actual loss                of the other party. |
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**COMPENSATION      GUARANTEE**

| 8.1 | It                is agreed irrevocably and unconditionally that where the other party                or                the Company suffers any loss caused by each party in violation of                any                statements, guarantees or promises herein, each party shall compensate                sufficiently to the other party’s                company. |
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**MODIFICATION      OF RIGHTS AND OBLIGATIONS**

| 9.1 | The                parties herein agree that, as from the approval day when the approval                authority approves, the Transferor shall not share any right to vote                and                any power of representation in the board of directors of the                Company. |
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**EXPENSES      AND STAMP TAX**

| 10.1   | Each                party itself shall undertake any expenses arising from the negotiation,                drafting and signing of this Agreement on it. The parties shall bear                equally any stamp taxes payable arising from the execution this                Agreement. |
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| 10.2   | The                Company itself shall undertake the expenses occur in application                procedures. |
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**NOTICE**

| 11.1   | Any                notices under this Agreement shall be given in written, signed by                the                senders or its representatives and sent through fax or registration                mail.                Any notices served through fax, registration mail or sending by a                special                person shall be deemed to be received in the following                conditions: |
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|   | a) | Upon                twelve hours after sending through                fax. |
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|   | b) | Within                the fifth business day after sending through registration                mail. |
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|   | c) | Within                the fourth business day as from the date when the notice is entrusted                to                an email express service acknowledged                internationally. |
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**APPLICABLE      LAW AND SETTLEMENT OF DISPUTES**

| 12.1   | This                Agreement shall be governed by the law of                China. |
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| 12.2   | Any                disputes and claims, including any problems concerning the existence,                validity or termination of this Agreement, arising from the execution                of,                or in connection with the Agreement first shall be settled through                friendly consultations between both parties. In case no settlement                can be                settled through consultations, each party shall be entitled to submit                the                disputes to the China International Economic and Trade Arbitration                Commission for arbitration. In the process of consultation or arbitration,                this Agreement shall be performed continuously except the disputed                items                in consultation or arbitration. |
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**OTHERS**

| 13.1   | This                Agreement is signed in sextuplicate in Chinese, each party holds                one, and                other four copies shall be submitted to the approval authority for                being                approved. |
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| 13.2   | Any                amendment hereto shall not be in valid before a written document                is signed                by and between the parties and approved by the approval                authority. |
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| 13.3  | The                publicity of the content and time of the trade mentioned hereto shall                be                agreed by and between the parties. Without consultation to the other                party                in advance, any party shall not publicize, announce or disclose this                Agreement or the relationship between two parties to the public or                the                staff members of the Company. |
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| 13.4  | This                Agreement shall be effective as of the validity day. It is agreed                that the                transfer shall not be effective before the approval authority approves                in                accordance with the laws of China. |
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**CHINA      DIGITAL TV TECHNOLOGY CO., LTD. **

**      GOLDEN BENEFIT TECHNOLOGY**
**CO.,      LTD. **

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