EXHIBIT
4.20
 Loan Agreement
       (1)
    
    The borrower intends to purchase 20% of shares of Beijing Sina Infinity Advertising Co.,
Ltd. (hereinafter referred to as IAD Company) and for that purpose wishes to borrow RMB
200,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 200,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 20% of shares of IAD Company and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of IAD
Company to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of IAD Company held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




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##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the
contract shall have the right to request the breaching party by written notice to make
corrections to its breaching actions and avoid the bad result with sufficient, effective and
timely measures taken, and to compensate for the losses of the non-breaching party due to its
breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.
 Loan Agreement
    
    -2-




---



##### 



10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons, the remaining portions of this agreement shall be still
effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with
equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature:
    
    /s/
    
    Authorized Representative:
    
    /s/
 Loan Agreement
    
    -3-




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##### 



Loan Agreement
       (1)
    
    The borrower intends to purchase 20% of shares of Beijing Sina Infinity Advertising Co.,
Ltd. (hereinafter referred to as IAD Company) and for that purpose wishes to borrow RMB
200,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 200,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 20% of shares of IAD Company and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of IAD
Company to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of IAD Company held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the
contract shall have the right to request the breaching party by written notice to make
corrections to its breaching actions and avoid the bad result with sufficient, effective and
timely measures taken, and to compensate for the losses of the non-breaching party due to its
breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons,
 Loan Agreement
    
    -2-




---



##### 



the remaining portions of this agreement shall be still
effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature:
    
    /s/
    
    Authorized Representative:
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
  
    (1)
    
    The borrower intends to purchase 20% of shares of Beijing Sina Infinity Advertising Co.,
Ltd. (hereinafter referred to as IAD Company) and for that purpose wishes to borrow RMB
200,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 200,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 20% of shares of IAD Company and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of IAD
Company to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of IAD Company held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the
contract shall have the right to request the breaching party by written notice to make
corrections to its breaching actions and avoid the bad result with sufficient, effective and
timely measures taken, and to compensate for the losses of the non-breaching party due to its
breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons,
 Loan Agreement
    
    -2-




---



##### 



the remaining portions of this agreement shall be still
effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature:
    
    /s/
    
    Authorized Representative:
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
       (1)
    
    The borrower intends to purchase 20% of shares of Beijing Sina Infinity Advertising Co.,
Ltd. (hereinafter referred to as IAD Company) and for that purpose wishes to borrow RMB
200,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 200,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 20% of shares of IAD Company and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of IAD
Company to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of IAD Company held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the contract shall have the right to request
the breaching party by written notice to make corrections to its breaching actions
and avoid the bad result with sufficient, effective and timely measures taken, and to compensate
for the losses of the non-breaching party due to its breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons, the remaining portions of this agreement shall be still
effective and binding.
 Loan Agreement
    
    -2-




---



##### 



10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature:
    
    /s/
    
    Authorized Representative:
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
       (1)
    
    The borrower intends to purchase 20% of shares of Beijing Sina Infinity Advertising Co.,
Ltd. (hereinafter referred to as IAD Company) and for that purpose wishes to borrow RMB
200,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 200,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 20% of shares of IAD Company and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of IAD
Company to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of IAD Company held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the contract shall have the right to request
the breaching party by written notice to make corrections to its breaching actions and avoid
the bad result
with sufficient, effective and timely measures taken, and to compensate for the losses of the
non-breaching party due to its breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons, the remaining portions of this agreement shall be still
effective and binding.
 Loan Agreement
    
    -2-




---



##### 



10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature:
    
    /s/
    
    Authorized Representative:
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
  
   (1)
    
    The borrower intends to purchase 1.5% of shares of Beijing Sina Internet Information Service
Co., Ltd. (hereinafter referred to as ICP Company) and for that purpose wishes to borrow RMB
300,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 300,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 1.5% of shares of ICP Company and
any other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of ICP
Company to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of ICP Company held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the
contract shall have the right to request the breaching party by written notice to make
corrections to its breaching actions and avoid the bad result with sufficient, effective and
timely measures taken, and to compensate for the losses of the non-breaching party due to its
breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons,
 Loan Agreement
    
    -2-




---



##### 



the remaining portions of this agreement shall be still
effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature:
    
    /s/
    
    Authorized Representative:
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
       (1)
    
    The borrower intends to purchase 22.5% of shares of Beijing Sina Internet Information
Service Co., Ltd. (hereinafter referred to as ICP Company) and for that purpose wishes to
borrow RMB 4,500,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 4,500,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 22.5% of shares of ICP Company and
any other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of ICP
Company to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of ICP Company held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the
contract shall have the right to request the breaching party by written notice to make
corrections to its breaching actions and avoid the bad result with sufficient, effective and
timely measures taken, and to compensate for the losses of the non-breaching party due to its
breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons,
 Loan Agreement
    
    -2-




---



##### 



the remaining portions of this agreement shall be still
effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature:
    
    /s/
    
    Authorized Representative:
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
       (1)
    
    The borrower intends to purchase 22.5% of shares of Beijing Sina Internet Information
Service Co., Ltd. (hereinafter referred to as ICP Company) and for that purpose wishes to
borrow RMB 4,500,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 4,500,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 22.5% of shares of ICP Company and
any other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of ICP
Company to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of ICP Company held by the borrower to Sina Company or any subject appointed by
Sina Company.
 Loan Agreement
    
    -1-




---



##### 



6.
    
    Liability for Tax6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the
contract shall have the right to request the breaching party by written notice to make
corrections to its breaching actions and avoid the bad result with sufficient, effective and
timely measures taken, and to compensate for the losses of the non-breaching party due to its
breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such
 Loan Agreement
    
    -2-




---



##### 



rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons, the remaining portions of this agreement shall be still
effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature:
    
    /s/
    
    Authorized Representative:
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
 This agreement is signed and entered in by and between the following parties on
18 (Day) 08 (Month) 2007 (Year) in Haidian District, Beijing.Party A: H Du (hereinafter referred to as the
borrower)
ID No:Party B: SINA.com Technology (China) Co. Limited (hereinafter referred to as Sina
Company)Address: Room 1506, Ideal Intl Mansion, No. 58, West Of North Forth Ring Rd., Haidian
District, Beijing, China.Whereas:(1)
    
    The borrower intends to purchase 26.75% of shares of Beijing Sina Internet Information
Service Co., Ltd. (hereinafter referred to as ICP Company) and for that purpose wishes to
borrow RMB 5,350,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 5,350,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 26.75% of shares of ICP Company and
any other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of ICP
Company to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of ICP Company held by the borrower to Sina Company or any subject appointed by
Sina Company.
 Loan Agreement
    
    -1-




---



##### 



6.
    
    Liability for Tax6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the contract shall have the right to request
the breaching party by written notice to make corrections to its breaching actions and avoid
the bad result with sufficient, effective and timely measures taken, and to compensate for the
losses of the non-breaching party due to its breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such
 Loan Agreement
    
    -2-




---



##### 



rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons, the remaining portions of this agreement shall be still
effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with
equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    
    
    SINA.com Technology (China) Co. LimitedSignature:
    
    /s/
    
    
    
    Authorized Representative:
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
 This agreement is signed and entered in by and between the following parties on 18 (Day) 08 (Month) 2007 (Year) in Haidian District, Beijing.Party A: GM Xie (hereinafter referred to as the
borrower)
ID No:Party B: SINA.com Technology (China) Co. Limited (hereinafter referred to as Sina
Company)Address: Room 1506, Ideal Intl Mansion, No. 58, West Of North Forth Ring Rd., Haidian
District, Beijing, China.Whereas:(1)
    
    The borrower intends to purchase 26.75% of shares of Beijing Sina Internet Information
Service Co., Ltd. (hereinafter referred to as ICP Company) and for that purpose wishes to
borrow RMB 5,350,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 5,350,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 26.75% of shares of ICP Company and
any other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of ICP
Company to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of ICP Company held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the contract shall have the right to request
the breaching party by written notice to make corrections to its breaching actions and avoid
the bad result with sufficient, effective and timely measures taken, and to compensate for the
losses of the non-breaching party due to its breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons,
 Loan Agreement
    
    -2-




---



##### 



the remaining portions of this agreement shall be still effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature:
    
    /s/
    
    Authorized Representative:
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
 This agreement is signed and entered in by and between the following parties on
18 (Day) 08 (Month) 2007 (Year) in Haidian District, Beijing.Party A: D Duan (hereinafter referred to as the borrower)ID No:Party B: SINA.com Technology (China) Co. Limited (hereinafter referred to as Sina
Company)
Address: Room 1506, Ideal Intl Mansion, No. 58, West Of North Forth Ring Rd., Haidian
District, Beijing, China.Whereas:(1)
    
    The borrower intends to purchase 30% of shares of Beijing Star-Village Online Cultural
Development Co., Ltd. (hereinafter referred to as StarVI) and for that purpose wishes to
borrow RMB 3,000,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 3,000,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 30% of shares of StarVI and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of
StarVI to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of StarVI held by the borrower to Sina Company or any subject appointed by Sina
Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the contract shall have the right to request
the breaching party by written notice to make corrections to its breaching actions and avoid
the bad result with sufficient, effective and timely measures taken, and to compensate for the
losses of the non-breaching party due to its breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons,
 Loan Agreement
    
    -2-




---



##### 



the remaining portions of this agreement shall be still effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature:
    
    /s/
    
    Authorized Representative:
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
 This agreement is signed and entered in by and between the
following parties on 18 (Day) 08 (Month) 2007 (Year) in Haidian District, Beijing.Party A: XY Yi (hereinafter referred to as the borrower)ID No:Party B: SINA.com Technology (China) Co. Limited (hereinafter referred to as Sina Company)Address: Room 1506, Ideal Intl Mansion, No. 58, West Of North Forth Ring Rd., Haidian
District, Beijing, China.Whereas:(1)
    
    The borrower intends to purchase 30% of shares of Beijing Star-Village Online Cultural
Development Co., Ltd. (hereinafter referred to as StarVI) and for that purpose wishes to
borrow RMB 3,000,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 3,000,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 30% of shares of StarVI and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of
StarVI to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of StarVI held by the borrower to Sina Company or any subject appointed by Sina
Company.
 Loan Agreement
    
    -1-




---



##### 



6.
    
    Liability for Tax6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the
contract shall have the right to request the breaching party by written notice to make
corrections to its breaching actions and avoid the bad result with sufficient, effective and
timely measures taken, and to compensate for the losses of the non-breaching party due to its
breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such
 Loan Agreement
    
    -2-




---



##### 



rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons, the remaining portions of this agreement shall be still
effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature :
    
    /s/
    
    Authorized Representative :
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
 This agreement is signed and entered in by and between the following parties on 31
(Day) 12 (Month) 2007 (Year) in Haidian District, Beijing.Party A: GF Wang (hereinafter referred to as the borrower)ID No:Party B: SINA.com Technology (China) Co. Limited (hereinafter referred to as Sina Company)Address: Room 1506, Ideal Intl Mansion, No. 58, West Of North Forth Ring Rd., Haidian
District, Beijing, China.Whereas:(1)
    
    The borrower intends to purchase 40% of shares of Beijing Star-Village Online Cultural
Development Co., Ltd. (hereinafter referred to as StarVI) and for that purpose wishes to
borrow RMB 4,000,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 4,000,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 40% of shares of StarVI and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of
StarVI to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of StarVI held by the borrower to Sina Company or any subject appointed by Sina
Company.
 Loan Agreement
    
    -1-




---



##### 



6.
    
    Liability for Tax6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time
insufficiently to the obligations of the agreement shall constitute breach of the contract. The
party that observes the contract shall have the right to request the breaching party by written
notice to make corrections to its breaching actions and avoid the bad result with sufficient,
effective and timely measures taken, and to compensate for the losses of the non-breaching party
due to its breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such
 Loan Agreement
    
    -2-




---



##### 



rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons, the remaining portions of this agreement shall be still
effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with
equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature :
    
    /s/
    
    Authorized Representative :
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
 This agreement is signed and entered in by and between the following parties on 31 (Day) 03 (Month) 2008 (Year) in Haidian District, Beijing.Party A: HX Yan (hereinafter referred to as the borrower)
ID No:Party B: SINA.com Technology (China) Co. Limited (hereinafter referred to as Sina
Company)Address: Room 1506, Ideal Intl Mansion, No. 58, West Of North Forth Ring Rd., Haidian
District, Beijing, China.Whereas:(1)
    
    The borrower intends to purchase 55% of shares of Guangzhou Media Message Technologies Co.,
Ltd. (hereinafter referred to as Xunlong) and for that purpose wishes to borrow RMB
5,500,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 5,500,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 55% of shares of Xunlong and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of
Xunlong to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of Xunlong held by the borrower to Sina Company or any subject appointed by
Sina Company.
 Loan Agreement
    
    -1-




---



##### 



6.
    
    Liability for Tax6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the contract shall have the right to request
the breaching party by written notice to make corrections to its breaching actions and avoid
the bad result with sufficient, effective and timely measures taken, and to compensate for the
losses of the non-breaching party due to its breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such
 Loan Agreement
    
    -2-




---



##### 



rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons, the remaining portions of this agreement shall be still
effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with
equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature :
    
    /s/
    
    Authorized Representative :
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
 This agreement is signed and entered in by and between the following parties on 31 (Day) 03 (Month) 2008 (Year) in Haidian District, Beijing.Party A: B Luo (hereinafter referred to as the borrower)ID No:Party B: SINA.com Technology (China) Co. Limited (hereinafter referred to as Sina
Company)Address: Room 1506, Ideal Intl Mansion, No. 58, West Of North Forth Ring Rd., Haidian
District, Beijing, China.Whereas:(1)
    
    The borrower intends to purchase 45% of shares of Guangzhou Media Message Technologies Co.,
Ltd. (hereinafter referred to as Xunlong) and for that purpose wishes to borrow RMB
4,500,000 Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 4,500,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 45% of shares of Xunlong and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of
Xunlong to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of Xunlong held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the contract shall have the right to request
the breaching party by written notice to make corrections to its breaching actions and avoid
the bad result with sufficient, effective and timely measures taken, and to compensate for the
losses of the non-breaching party due to its breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons,
 Loan Agreement
    
    -2-




---



##### 



the remaining portions of this agreement shall be still effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with
equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature :
    
    /s/
    
    Authorized Representative :
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
 This agreement is signed and entered in by and between the following parties on
18 (Day) 08 (Month) 2007 (Year) in Haidian District, Beijing.Party A: B Wang (hereinafter referred to as the
borrower)ID No:Party B: SINA.com Technology (China) Co. Limited (hereinafter referred to as Sina
Company)Address: Room 1506, Ideal Intl Mansion, No. 58, West Of North Forth Ring Rd., Haidian
District, Beijing, China.Whereas:(1)
    
    The borrower intends to purchase 40% of shares of Shenzhen Wangxing Technology Co., Ltd.
(hereinafter referred to as Wangxing) and for that purpose wishes to borrow RMB 4,000,000
Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 4,000,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 40% of shares of Wangxing and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of
Wangxing to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of Wangxing held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the contract shall have the right to request
the breaching party by written notice to make corrections to its breaching actions and avoid
the bad result with sufficient, effective and timely measures taken, and to compensate for the
losses of the non-breaching party due to its breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons,
 Loan Agreement
    
    -2-




---



##### 



the remaining portions of this agreement shall be still effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature :
    
    /s/
    
    Authorized Representative :
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
 This agreement is signed and entered in by and between the following parties on
18 (Day) 08 (Month) 2007 (Year) in Haidian District, Beijing.Party A: SL Zhang (hereinafter referred to as the borrower)
ID No:Party B: SINA.com Technology (China) Co. Limited (hereinafter referred to as Sina
Company)Address: Room 1506, Ideal Intl Mansion, No. 58, West Of North Forth Ring Rd., Haidian
District, Beijing, China.Whereas:(1)
    
    The borrower intends to purchase 30% of shares of Shenzhen Wangxing Technology Co., Ltd.
(hereinafter referred to as Wangxing) and for that purpose wishes to borrow RMB 3,000,000
Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 3,000,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 30% of shares of Wangxing and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of
Wangxing to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of Wangxing held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the contract shall have the right to request
the breaching party by written notice to make corrections to its breaching actions and avoid
the bad result with sufficient, effective and timely measures taken, and to compensate for the
losses of the non-breaching party due to its breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons,
 Loan Agreement
    
    -2-




---



##### 



the remaining portions of this agreement shall be still effective and binding.
 10.3
    
    This agreement is made into one original with two copies, one for each party, both with
equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature :
    
    /s/
    
    Authorized Representative :
    
    /s/
 Loan Agreement
    
    -3-




---



##### 



Loan Agreement
 This agreement is signed and entered in by and between the following parties on
18 (Day) 08 (Month) 2007 (Year) in Haidian District, Beijing.Party A: W Li (hereinafter referred to as the borrower)ID No:Party B: SINA.com Technology (China) Co. Limited (hereinafter referred to as Sina
Company)Address: Room 1506, Ideal Intl Mansion, No. 58, West Of North Forth Ring Rd., Haidian
District, Beijing, China.Whereas:(1)
    
    The borrower intends to purchase 30% of shares of Shenzhen Wangxing Technology Co., Ltd.
(hereinafter referred to as Wangxing) and for that purpose wishes to borrow RMB 3,000,000
Yuan from Sina Company;(2)
    
    Sina Company agrees to provide the said loan to the borrower in accordance with and subject
to the terms and conditions under the agreement.The following agreements have been reached by and between both parties based on the
principles of equality and mutual benefits via friendly negotiation:1.
    
    Amount of Loan1.1
    
    Sina Company agrees to provide a long-term loan in the amount of RMB 3,000,000 Yuan to the
borrower subject to the terms and conditions under the agreement (hereinafter referred to as
long-term loan).2.
    
    Life of Loan2.1
    
    The life of the long-term loan prescribed under the agreement shall be 10 years from the date
when this agreement is signed.2.2
    
    The borrower agrees that Sina Company shall have the right to, at its own discretion, shorten
or extend the life of loan with reference to the real situation.3.
    
    Use of Loan3.1
    
    The borrower shall use the long-term loan for purchasing 30% of shares of Wangxing and any
other application of this long-term loan shall obtain earlier written consent from Sina
Company.3.2
    
    During the life of loan, the borrower shall neither transfer partial or all its shares of
Wangxing to any third party nor set any security against such shares without prior approval
given by Sina Company in written form.4.
    
    Interest of Loan4.1
    
    The long-term loan under this agreement is interest-free loan and Sina Company shall not
collect any other fees or charges from the borrower.5.
    
    Satisfaction with Loan5.1
    
    Sina Company shall have the right to require from time to time the borrower to compensate for
the long-term loan under this agreement without violating the laws and regulations of PR China
in the method as Sina Company directs, including but not limited to, transfer of all or
partial shares of Wangxing held by the borrower to Sina Company or any subject appointed by
Sina Company.6.
    
    Liability for Tax
 Loan Agreement
    
    -1-




---



##### 



6.1
    
    Both parties shall on their own pay taxes and costs by laws respectively.6.2
    
    Save for taxes and costs of the borrower or Sina Company on their own expressly reserved by
laws, Sina Company shall be liable for all other taxes and reasonable costs in connection with
this long-term loan under this agreement.7.
    
    Breach and Compensation7.1
    
    Any breach of any article of the agreement directly or indirectly or no commitment or
commitment out of time insufficiently to the obligations of the agreement shall constitute
breach of the contract. The party that observes the contract shall have the right to request
the breaching party by written notice to make corrections to its breaching actions and avoid
the bad result with sufficient, effective and timely measures taken, and to compensate for the
losses of the non-breaching party due to its breaching actions.7.2
    
    After any breaching occurs, the non-breaching party, if holding that the breaching has
resulted in impossibility or unfairness for the non-breaching party to perform the relevant
obligations under this agreement with reasonable and objective discretion applied, shall have
the power to discontinue its relevant obligations of this agreement with written notice sent
to the non-breaching party until the breaching party stops its breach of the contact, take
sufficient, effective and timely measures to avoid the bad results, and compensate for the
losses of the non-breaching party due to its breaching actions.7.3
    
    The indemnification that the breaching party makes to the non-breaching party shall include
any direct economic losses and any predictable indirect losses or excess expenses that occur
to the non-breaching party due to violation of the contract by the breaching party, including
but not limited to attorney fees, legal costs, arbitration fees, financial expenses, travel
expenses and etc.8.
    
    Effectiveness, Modification and Termination8.1
    
    This agreement shall be effective since it is signed by authorized representatives of the
parties.8.2
    
    The parties may via negotiation modify or terminate this agreement in advance in written form
at any time.8.3
    
    Any party shall have the right to terminate this agreement unilaterally in advance with
written notice given if any of the following situations occurs to the other party:
 8.3.1
    
    Within 30 days since the written notice sent out by the non-breaching party, the
breaching party still not modifies its breach of the contact, or takes sufficient,
effective and timely measures to avoid the bad results, and compensate for the losses of
the non-breaching party due to its breaching actions.8.3.2
    
    Such party is unable to continue to perform this agreement due to force majesture.
 8.4
    
    Earlier termination of this agreement shall not affect the generated rights and obligations
by this agreement before such termination date.9.
    
    Settlement of Disputes and Governing Laws9.1
    
    Parties shall settle any disputes over contents of this agreement or its execution via
friendly negotiation; which if fails, they shall submit the disputes to China International
Economic and Trade Arbitration Commission (CIETAC) for settlement. The arbitrament awarded
shall be final and binding on both parties.9.2
    
    Laws and regulations of PRC shall be applied for conclusion, execution, interpretation and
settlement of disputes concerning this agreement.10.
    
    Miscellaneous10.1
    
    Either partys failure to perform its rights in time under this agreement shall neither be
deemed as waiver of such rights nor affect its execution of such rights in future.10.2
    
    If any article or clause of this agreement becomes invalid or unexecutable entirely or
partially no matter what reasons,
 Loan Agreement
    
    -2-




---



##### 



the remaining portions of this agreement shall be still effective and binding.10.3
    
    This agreement is made into one original with two copies, one for each party, both with equally legal effectiveness.10.4
    
    Matters not included in this agreement shall be determined by both parties via negotiation.
 Employee
    
    
    
    SINA.com Technology (China) Co. LimitedSignature :
    
    /s/
    
    Authorized Representative :
    
    /s/
 Loan Agreement
    
    -3-