Framework Agreement for Purchase of Computer Chips
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 000, Xxxxx X, Xxxxxxxx Xxxx-xxxx Xxxxx, 0-0 Xxxxxxx Road (E), Haidian
District,Beijing
Contact:
Junguo Kang
Tel:
00000000
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.
|
2
Party A:
Beijing Novel-Super Digital TV Technology Co., Ltd.
(Seal)
Representative:
/s/ Xxxx
Xx
Date: December 12,
2008
Party B:
Beijing Super TV Co., Ltd.
(Seal)
Representative:
/s/ Xxxxxxx Xxx
Date: December 12,
2008
3
