Unassociated Document


    
      

    

    Exhibit
4.48

     

    [Translation
of Chinese Original]

     

    Framework
Agreement for Purchase of Computer Chips

     

    Party A:
Beijing Novel-Super Digital TV Technology Co., Ltd. (the purchaser)

     

    Party B:
Beijing Super TV Co., Ltd. (the supplier)

     

    Through
consultation, an agreement on Party A’s purchasing computer chips used in smart
cards (the “Computer Chips”) from Party B is hereby reached as
follows:

     

    
      	
              I

            	
              Subject
      of Purchase

            


    

     

    The
Computer Chips provided by Party B shall be purchased from internationally
famous companies like STMicroelectronics Asia Pacific Pte Ltd. and Infineon
Technologies Asia Pacific Pte Ltd., and shall meet Party A’s production need in
all respects.

     

    
      	
              II

            	
              Purchase

            


    

     

    
      	
              1.

            	
              Confirmation
      of purchase: Party B shall distribute goods in accordance with the
      purchase order issued by Party A.

            


    

     

    
      	
              2.

            	
              Confirmation
      of technical standards: Party B shall supply goods corresponding to the
      samples, which shall be confirmed by Party
A.

            


    

     

    
      	
              3.

            	
              Purchase
      mode: Each purchase under this Agreement shall be subject to Party A’s
      purchase order. Annex: Party A’s signed and sealed purchase order
      (form)

            


    

     

    
      Party A
shall place an order with Party B on the basis of its production need, and Party
B shall, within 20 working days, deliver the goods to the place designated by
Party A in accordance with the order.

    

     

    
      	
              4.

            	
              Party
      B shall guarantee that there is no defect in the goods supplied by Party B
      and that Party B will assume the corresponding legal
      liability.

            


    

     

    
      	
              III

            	
              Dispatch,
      Inspection, Acceptance, Replacement and Return of
  Goods

            


    

     

    
      	
              1.

            	
              Dispatch:

            


    

     

    
      
        	
                (1)

              	
                Package:
      subject to the specifications of standards, with the packing list
      labeled.

              


      

    

     

    Other
packing requirements: N/A.

     

    
      	
              (2) 

            	
              Consignment:

            


    

     

    Consignee:
Beijing Novel-Super Digital TV Technology Co., Ltd.

     

    Address:
Room 402, Tower B, Jingmeng High-tech Plaza, 5-2 Shangdi Road (E), Haidian
District,Beijing

     

    Contact:
Junguo Kang

     

    Tel:
62971199

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

      
        

      

    

    
      	
              IV 

            	
              Payment:

            


    

     

    
      	
              1.

            	
              Party
      B shall issue the value-added tax
invoice.

            


    

     

    
      	
              2.

            	
              Party
      A shall, upon receipt of the invoice issued by Party B and within 20
      working days after the goods are inspected and accepted, be responsible
      for wiring the full payment to the following account designated in writing
      by Party B’s accountant on the basis of the actual quantity of goods
      inspected and accepted in each order. Any other payment shall be deemed to
      be invalid.

            


    

     

    Beneficiary:
Beijing Super TV Co., Ltd.

     

    Bank:
Bank of Beijing, Shangdi Sub-branch

     

    A/C
Number: 01090946300120107006246

     

    
      	
              V 

            	
              Termination
      and Liability for Breach of
Agreement

            


    

     

    
      	
              1. 

            	
              This
      Agreement shall terminate after it is fully
  performed.

            


    

     

    
      	
              2. 

            	
              Both
      parties may terminate this Agreement through
  consultation.

            


    

     

    
      	
              3.

            	
              Should
      a party unilaterally terminate this Agreement, it shall bear the
      obligation to fully compensate the actual loss of the other
      party.

            


    

     

    
      	
              4. 

            	
              This
      Agreement shall come into effect as of the date of signature by both
      parties.

            


    

     

    
      	
              5.

            	
              This
      Agreement is executed in duplicate. Each Party shall each keep one
      original. Any matter not covered herein shall be settled through
      consultation.

            


    

     

    
      	
              6. 

            	
              This
      Agreement shall be signed and performed in
  Beijing.

            


    


    
      
         


      

      
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(No text in this page)

     

    Party A:
Beijing Novel-Super Digital TV Technology Co., Ltd.

     

    (Seal)

     

    Representative:
/s/ Dong
Li

     

    Date: December 12,
2008

     

    Party B:
Beijing Super TV Co., Ltd.

     

    (Seal)

     

    Representative:
/s/ Jianhua Zhu


     

    Date: December 12,
2008


    
      
         


      

      
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