Document:

Exhibit
4.19

         

        Loan
Contract 

      

    

    
      

    

    
       

      Loan
Agreement

      

      This Loan
Agreement (hereinafter referred to as this “Agreement”) is entered into on
this 1st day of
July, 2008 in Pudong New Area, Shanghai by and between:

      

      Shengqu Information Technology
(Shanghai) Co., Ltd. (hereinafter referred to as “Shengqu”), a limited liability
company incorporated and existing in accordance with the laws of the People's
Republic of China (hereinafter referred to as the “PRC”)  with its
principal business address at No. 208 Juli Road, Pudong New Area, Shanghai;
and

      

      Wang Dong-xu (hereinafter
referred to as the “Holding
Employee”), a Chinese citizen with the ID Card No.: [XXX], whose residence locates at
[XXX];

      

      Shengqu
and the Holding Employee may hereafter collectively be referred to as the “ Parties” and, individually,
as the “Party”.

      

      Whereas,

      

      
        	
                1.  

              	
                The
      Holding Employee has entered into the Share Transfer Agreement
      (hereinafter referred to as the “Share Transfer
      Agreement”) with  Shanghai Shanda
      Networking Co., Ltd. (hereinafter referred to as
      “Shanda”) on May 26, 2008, according to
      which 48.6% Share held by Shanda in Shanghai Shulong Technology
      Development
      Co., Ltd.
      (hereinafter referred to as “Shanghai
      Shulong”) will be transferred to the
      Holding Employee. For
      this purpose, the Holding Employee shall pay the consideration for the
      transferred Share valued with RMB 6,150,000 (Say: RMB six million
      and one hundred and fifty thousand) to
  Shanda.

              

      

      

      
        	
                2.  

              	
                The Holding Employee does not have enough capitals
      to pay the said
      consideration, so she has applied to Shengqu for
      loan, and Shengqu has agreed to loan money to her.

              

      

      

      
        	
                3.  

              	
                Subject
      to the Share Disposition Agreement (hereinafter referred to as “Share
      Disposition Agreement”) dated on July 01, 2008 by and between Shengqu and
      the Holding Employee, Shengqu or a third party designated by it has an
      exclusive option to obtain all Share held by the Holding Employee in
      Shanghai Shulong at any time.

              

      

      

      NOW THEREFORE, the Parties
have reached the following terms and conditions in respect of the Loan through
friendly negotiation, on the principles of sincere cooperation, equal footing,
mutual benefits and development, in accordance with the

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      
        
          
            Loan
Contract 

          

        

        
          

        

         

      

      Company Law of the PRC and
other laws and regulations.

      

      
        	
                1.  

              	
                Type of Loan: Cash

              

      

      

      
        	
                2.  

              	
                Purpose of Loan: Personal
      Borrowing

              

      

      

      
        	
                3.  

              	
                Loan Amount: RMB 6,150,000
      (Say: RMB six million and one hundred and fifty
      thousand)

              

      

      

      The Parties have confirmed that Shengqu has
given, and the Holding Employee has received the said Loan.

      

      
        	
                4.  

              	
                Loan Interest: Zero
      Interest

              

      

      

      
        	
                5.  

              	
                Loan
      Term

              

      

      

      From July
01, 2008

      

      
        	
                6.  

              	
                Purpose of
  Loan

              

      

      

      The Holding Employee shall not use the
Loan for any other purpose rather than for paying the transferred
Share.

      

      
        	
                7.  

              	
                Repayment of
  Loan

              

      

      

      The Holding Employee can only be
released from the repayment of the Loan after the Parties perform the Share Disposition
Agreement in
full. Without the prior
written consents of Shengqu, the Holding Employee shall not repay the Loan in
whole or part to Shengqu prior to the maturity day.

      

      
        	
                8.  

              	
                Statements and
      Warranties

              

      

      

      The Holding Employee shall warrant that she is not the director or executive
officer of Shanda Interactive Entertainment Limited, an affiliate of Shengqu.

      

      
        	
                9.  

              	
                Liability for Breach of
      Agreement

              

      

      

      In the
event that the Holding Employee fails to use the Loan subject to the agreed
purpose, Shengqu is entitled to withdraw the Loan in whole or part.

      

      
        	
                10.  

              	
                Dispute
      Resolution

              

      

      

      
        	
              	
                10.1  

              	
                Any
      dispute arising out of the performance of this Agreement shall be settled
      through friendly negotiation by the Parties; if not reached,
      such

              

      

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

      
        
          
            Loan
Contract 

          

        

        
          

        

        

        
          	
                	
                   

                	
                  dispute
      may be submitted for arbitration;

                

        

         

      

      
        	
              	
                10.2  

              	
                Any such dispute shall be referred
      to the China International Economic and Trade Arbitration Commission
      Shanghai Commission (“CIETACSC”) according to the Rules of
      CIETACSC in force for the time being. Such arbitration shall be carried
      out in Shanghai.

              

      

      

      
        	
              	
                10.3  

              	
                The awards given by CIETACSC are
      final and binding upon the Parties. The arbitration costs (including
      but not limited to arbitration charges and attorney's fees) shall be borne
      by the losing Party, unless otherwise specified in
      the given awards.

              

      

      

      
        	
                11.  

              	
                Miscellaneous

              

      

      

      
        	
                11.1  

              	
                Any
      Party shall not amend or terminate this Agreement at its own discretions,
      unless otherwise any amendment or termination of this Agreement is allowed
      by the laws and regulations. When any Party demands amending or
      terminating this Agreement in accordance with the laws and regulations, it
      shall inform the other Party of its demand in writing on a timely basis,
      and the Parties shall negotiate on and agree on any such amendment or
      termination in writing.

              

      

      

      
        	
                11.2  

              	
                Anything
      not covered herein shall be made in a supplementary agreement upon the
      negotiation of the Parties. Such supplementary agreement shall have the
      same force and effect with this
Agreement.

              

      

      

      
        	
                11.3  

              	
                This
      Agreement is made in two (2) counterparts with Shengqu and the Holding
      Employee holding one (1)
counterpart.

              

      

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

       

      
        
          
            Loan
Contract 

          

        

        
          

        

      

       

       

      [Signature
Page Follow]

      

      

      

      IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to enter into this
Agreement as of the date and year first above written.

      

      

      Shengqu

      

      Shengqu
Information Technology (Shanghai) Co., Ltd. (Seal)

      

      Authorized
Representative:  __________

      

      Name:
___________________________

      

      

      

      

      Holding
Employee

      

      

      Signed
by:

      

      Name:
Wang Dong-xu

       

       

      4Exhibit
4.20

         

        Loan
Contract

        
          
            

          

        

      

    

     

    Loan
Agreement

    

    This Loan
Agreement (hereinafter referred to as this “Agreement”) is entered into on
this 1st day of
July, 2008 in Pudong New Area, Shanghai by and between:

    

    Shengqu Information Technology
(Shanghai) Co., Ltd. (hereinafter referred to as “Shengqu”), a limited liability
company incorporated and existing in accordance with the laws of the People's
Republic of China (hereinafter referred to as the “PRC”)  with its
principal business address at No. 208 Juli Road, Pudong New Area, Shanghai;
and

    

    Zhang Ying-feng (hereinafter
referred to as the “Holding
Employee”), a Chinese citizen with the ID Card No.: [XXX], whose residence locates at
[XXX];

    

    Shengqu
and the Holding Employee may collectively be referred to as the “Parties” and,
individually, as the “Party”.

    

    Whereas,

    

    
      	
              1.  

            	
              Shanghai
      Shanda Networking Co., Ltd.
      (hereinafter referred to as “Shanda”) has entered into the Loan
      Agreement with Holding Employee on August 10, 2004, according to which the Holding Employee has borrowed RMB
      4,644,000 (Say: RMB four million and six hundred and forty-four thousand) from Shanda for
      paying the
      transferred Share of
      Shanghai Shulong Technology Development Co., Ltd. (hereinafter referred to
      as “Shanghai
      Shulong”) and the increase capital, and then
      the Holding Employee holds 51.4% Share of Shanghai Shulong.

            

    

    

    
      	
              2.  

            	
              The Holding Employee does not have
      enough capitals to repay all loans given by
      Shanda, so he has
      applied to Shengqu for loan, and Shengqu has agreed to loan
      money to
      him.

            

    

    

    
      	
              3.  

            	
              Subject
      to the Share Disposition Agreement (hereinafter referred to as “Share Disposition Agreement”) dated on
      July 01, 2008 by and between Shengqu and the Holding Employee, Shengqu or
      a third party designated by it has an exclusive option to obtain all Share
      held by the Holding Employee in Shanghai Shulong at any
    time.

            

    

    

    NOW THEREFORE, the Parties
have reached the following terms and conditions in respect of the Loan through
friendly negotiation, on the principles of sincere cooperation, equal footing,
mutual benefits and development, in accordance with the Company Law of the PRC
and other laws and regulations.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      
        
          Loan
Contract

          
            
              

            

          

        

      

       

    

    
      	
              1.  

            	
              Type of Loan: Cash

            

    

    

    
      	
              2.  

            	
              Purpose of Loan: Personal
      Borrowing

            

    

    

    
      	
              3.  

            	
              Loan Amount: RMB4,644,000
      (Say: RMB four million and six hundred and forty-four
      thousand)

            

    

    

    The Parties have confirmed that Shengqu has given,
and the Holding Employee has received the said Loan.

    

    
      	
              4.  

            	
              Loan Interest: Zero
      Interest

            

    

    

    
      	
              5.  

            	
              Loan
      Term

            

    

    

    From July
01, 2008

    

    
      	
              6.  

            	
              Purpose of
  Loan

            

    

    

    The Holding Employee shall not use the
Loan for any other purpose
rather than for paying the transferred Share.

    

    
      	
              7.  

            	
              Repayment of
      Loan

            

    

    

    The Holding Employee can only be
released from the repayment of the Loan after the Parties perform the Share Disposition Agreement
in full. Without the prior written consents of
Shengqu, the Holding
Employee shall not repay the Loan in whole or part to Shengqu prior to the
maturity day.

    

    
      	
              8.  

            	
              Statements and
      Warranties

            

    

    

    The Holding Employee shall warrant that
he is not the director or executive officer of Shanda Interactive Entertainment
Limited, an affiliate of Shengqu.

    

    
      	
              9.  

            	
              Liability for Breach of
      Agreement

            

    

    

    In case
the Holding Employee fails to use the Loan subject to the agreed purpose,
Shengqu is entitled to withdraw the Loan in whole or part.

    

    
      	
              10.  

            	
              Dispute
      Resolution

            

    

    

    
      	
              10.1  

            	
              Any
      dispute arising out of the performance of this Agreement shall be settled
      through friendly negotiation by the Parties; if not reached, such dispute
      may be submitted for arbitration.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        
          
            Loan
Contract

            
              
                

              

               

            

          

        

      

    

    
      	
              10.2  

            	
              Any such dispute shall be referred
      to the China International Economic and Trade Arbitration Commission Shanghai Commission
      (“CIETACSC”) according to the Rules of
      CIETACSC in force for the time being. Such arbitration shall be carried
      out in Shanghai.

            

    

    

    
      	
              10.3  

            	
              The awards given by CIETACSC are
      final and binding upon the Parties. The arbitration costs
      (including but not
      limited to arbitration charges and attorney's fees) shall be borne by the
      losing Party, unless otherwise specified in
      the given awards.

            

    

    

    
      	
              11.  

            	
              Miscellaneous

            

    

    

    
      	
              11.1  

            	
              Any
      Party shall not amend or terminate this Agreement at its own discretions,
      unless otherwise any amendment or termination of this Agreement is allowed
      by the laws and regulations. When any Party demands amending or
      terminating this Agreement in accordance with the laws and regulations, it
      shall inform the other Party of its demand in writing in time, and the
      Parties shall negotiate on and agree on any such amendment or termination
      in writing.

            

    

    

    
      	
              11.2  

            	
              Anything
      not covered herein shall be made in a supplementary agreement upon the
      negotiation of the Parties. Such supplementary agreement shall have the
      same force and effect with this
Agreement.

            

    

    

    
      	
              11.3  

            	
              This
      Agreement is made in two (2) counterparts with Shengqu and the Holding
      Employee holding one (1)
counterpart.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        
          
            Loan
Contract

            
              
                

              

            

          

        

      

    

    
 

    [Signature
Page Follow]

    

    

    

    IN WITNESS WHEREOF, the
Parties have duly caused their authorized representatives to enter into this
Agreement as of the day and year first above written.

    

    

    Shengqu

    

    Shengqu
Information Technology (Shanghai) Co., Ltd. (Seal)

    

    Authorized
Representative:                                     

    

    Name:                                                                         

    

    

    

    

    Holding
Employee

    

    

    Signed
by:

    

    Name:
Zhang Ying-feng

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