AirMedia Group Inc.: Exhibit 4.48 - Filed by newsfilecorp.com






Exhibit 4.48 

Summary of Supplemental Agreement to Framework Cooperation
Agreement 

Party A: AirMedia Group Co., Ltd. 

Address: 15/F, Sky Plaza, No.46 of Dongzhimenwai Avenue,
Dongcheng District, Beijing, the PRC 

Legal Representative: Guo Man 

Party B: Beijing Super TV Co., Ltd 

Address: Jingmeng High-Tech Building B, 4th Floor, No. 5
Shangdi East Road, Haidian District, Beijing, the PRC 

Legal Representative: Zhu Jianhua 

Party C: Beijing N-S Digital TV Co., Ltd. 

Address: Jingmeng High-Tech Building B, 4th Floor, No. 5
Shangdi East Road, Haidian District, Beijing, the PRC 

Legal Representative: Zhu Jianhua 

	I. 	
      Whereas :

	 	 	 
		1. 	
      Party A and Party B has executed the Framework
      Cooperation Agreement in June, 2011 (hereunder as “Framework
      Agreement”).

	 	 	 
		2. 	
      Party A and Party B acknowledge that Party B will
      transfer and assign its rights and obligations under the Framework
      Agreement to Party C, and agree that Party C and Party A will jointly
      incorporate the new companies as contemplated in the Framework
      Agreement.

	 	 	 
		3. 	
      The Parties unanimously agree to amend and modify
      relevant provisions of the Framework Agreement
hereunder.




	II. 	
      Establishment of New Companies

	 	 	 
		1. 	
      Party A and Party C will respectively contribute
      RMB10,000,000 to incorporate two new limited liability companies
      (hereunder as “Company A” and “Company B”).

	 	 	 
		2. 	
      The shareholders and shareholding of Company A and
      Company B are the same and as below:





	Shareholders 	Registered Capital (in RMB) 	Shareholding 
	Party A 	5,000,000 	50.00% 
	Party C 	5,000,000 	50.00%

	Total 	10,000,000 	100.00% 








		3. 	
      Party A and Party C will subscribe and contribute the
      registered capital in cash.

	 	 	 
	III. 	
      Management of the New Companies and Operation of
      Business

	 	 	 
		1. 	
      The boards of directors of Company A and Company B will
      be established, delegated and appointed in accordance with the Framework
      Agreement.

	 	 	 
		2. 	
      Company A will be responsible for obtaining copyright
      licenses and will bear relevant fees and expenses; Company B will be
      responsible for cooperating with broadcasting and TV operators. The
      revenue generated by Company B, after deducting the revenue shared by the
      broadcasting and TV operators, will be equally split between Company A and
      Company B. Party A and Party C may otherwise negotiate a different
      proportion.




	IV. 	
      Confidentiality

	 	 	 
		1. 	
      Without prior written consent of another Party, any Party
      shall not disclose to any third party other than the affiliates thereof
      any clauses and terms of this Supplemental Agreement, or the business
      secrets of the other party and its affiliates as disclosed for the purpose
      of concluding and performing this Supplemental Agreement.

	 	 	 
		2. 	
      This article will survive even if this Supplemental
      Agreement is amended, modified, or terminated.




	V. 	
      Miscellaneous

	 	 	 
		1. 	
      Any dispute arising from the execution and performance of
      this Supplemental Agreement, or related to this Supplemental Agreement
      shall be resolved through mutual consultation of the Parties.

	 	 	 
		2. 	
      For any conflicts between the Framework Agreement and
      this Supplemental Agreement, this Supplemental Agreement will prevail, and
      other provisions of the Framework Agreement will continue to be
    valid.



This Supplemental Agreement will become into effect upon the
execution by the authorized representatives and the approval (if necessary) of
the board of directors of all the Parties.