Document:

Exhibit
4.4

       

      Share
Entrustment Agreement

      

      

      This
Share Entrustment Agreement (hereinafter referred to as this “Agreement”) is entered into on
this 1st day of
July, 2008 in Shanghai of China by and among:

      

      Shanda Computer (Shanghai) Co.,
Ltd., located at Room 712-A, No. 625 Zhangjiang Road, Pudong New
Area, Shanghai, hereinafter referred to as
“Party A”; and

      

      Chen Tian-qiao (ID Card No.:
[XXX]),
whose residence locates at [XXX], hereinafter referred to as “Party B”; and

      

      Chen Da-nian (ID Card No.:
[XXX]),
whose residence locates at [XXX], hereinafter referred to as “Party C”.

      

      Party A,
Party B and Party C may hereinafter collectively referred to as the “Parties” and, individually
referred to as the “Party”.

      

      Whereas,

      

      Party B
and Party C have been registered as the shareholders of Shanghai Shanda
Networking Development Co., Ltd. (hereinafter referred to as the “Company”), holding 70% and 30%
Share of the Company respectively.

      

      Party B, Party C and Party A
have hereby agreed on the said share assignment and confirmed that Party B and
Party C are shareholders of the Company as follows:

      

      
        	
                1.  

              	
                Nominee Shareholders

              

      

      

      Party B
and Party C are the nominee shareholders designated by Party A for the
Company, who hold Party A's Share in the Company for and on behalf of Party
A's
benefits.

      

      
        	
                2.  

              	
                Financing
      Documents

              

      

      

      
        	
                2.1  

              	
                Party
      A has received and examined the following
  documents:

              

      

      

      
        	
                1)  

              	
                Exclusive
      Consulting and Service Agreement dated on July 01, 2008 by and between
      Shanda Computer (Shanghai) Co., Ltd. and the
  Company;

              

      

      

      
        	
                2)  

              	
                Assignment
      Agreement of Purchase Option and Cooperation Agreement dated on July 01,
      2008 by and among Shanda Computer (Shanghai) Co., Ltd., the Company, Party
      B and Party C;

              

      

       

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      
 

      
        	
                3)  

              	
                Share
      Pledge Agreement dated on July 01, 2008 by and among Shanda Computer
      (Shanghai) Co., Ltd., Party B and Party
C;

              

      

      

      
        	
                4)  

              	
                Business
      Operating Agreement dated on July 01, 2008 by and among Shanda Computer
      (Shanghai) Co., Ltd., the Company, Party B and Party
  C;

              

      

      

      
        	
                5)  

              	
                Power
      of Attorney dated on July 01, 2008 by and between Party B and Party C in
      accordance with the Business Operating
  Agreement.

              

      

      

      All of
the above documents are hereinafter referred to as the “Financing Documents”
collectively.

      

      
        	
                2.2  

              	
                Party
      A has agreed on the contents of the Financing Documents, and agreed that
      Party B and Party C are authorized to enter into the Financing Documents
      and other agreements in relation to the Financing Documents and/or take
      necessary actions, including the passing of shareholder resolutions and
      the consent of entering into the Financing Documents by the
      Company.

              

      

      

      
        	
                3.  

              	
                Confidentiality

              

      

      

      Party B
and Party C have confirmed that the contents and existence of this Agreement are
“Confidential Information” of Party A. Without Party A's prior written consents,
neither Party B nor Party C shall disclose the said contents and existence to
any third party.

      

      
        	
                4.  

              	
                Entire
      Agreement and Amendments to this
Agreement

              

      

      

      
        	
                4.1  

              	
                This
      Agreement shall constitute the entire agreement on the subject matter
      hereof among the Parties, and supersede all previous agreements,
      contracts, understandings and communications among the Parties in respect
      of the subject matter hereof, whether in oral or
  writing.

              

      

      

      
        	
                4.2  

              	
                Any
      amendment to this Agreement  comes to effect only after such
      amendment is entered into by and among the Parties in writing. Any amendment and supplement shall
      be integral to this Agreement after the same is entered into by and among the Parties, which shall have the same
      force and effect with this Agreement.

              

      

      

      
        	
                5.  

              	
                Governing
      Law

              

      

      

      The conclusion, validity and performance
of, interpretation to and dispute resolution in relation to this Agreement shall
be governed by and
interpreted in accordance with the laws of the PRC.

      

      
        	
                6.  

              	
                Resolution
      Dispute

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
 

      
        	
                6.1  

              	
                Any dispute among the Parties arising out of the interpretation
      to or performance of this Agreement shall be resolved through friendly
      negotiation in good faith by the Parties; if not reached, any Party may
      submit such dispute 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. The language in the arbitration
      proceedings shall be Chinese. The awards are final and binding upon the
      Parties.

              

      

      

      
        	
                6.2  

              	
                Save for the matters under
      disputes, the Parties shall continue to perform their
      respective obligations in good faith in accordance with this
      Agreement.

              

      

      

      
        	
                7.  

              	
                Validity,
      Term and Miscellaneous

              

      

      

      
        	
                7.1  

              	
                This
      Agreement comes to effect on the date first written above when it is
      sealed by Party A, and entered into by Party B and Party
  C.

              

      

      

      
        	
                7.2  

              	
                Any
      failure to exercise any of its rights, powers or privileges hereunder by
      any Party shall not constitute a waiver to such rights, powers or
      privileges by such Party. Any single or partial exercise of any of its
      rights, powers or privileges hereunder by any Party shall not affect the
      exercise of any other rights, powers or privileges hereunder by such
      Party.

              

      

      

      

      

      IN WITNESS WHEREOF, the
Parties have duly caused this Agreement to be entered into on the date first
written above.

      

      

      

      

      [No Text
Follow, Signature Page for Share Entrustment Agreement Follow]

      

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

       

       

      Party A:
Shanda Computer (Shanghai) Co., Ltd.

      

      Legal
Representative/Authorized Representative: _______________________

      

      Title:
_________________

      

      Date:
_____MM _____ DD _____YY

      

      

      

      Party B:
Chen Tian-qiao (Sign)

      

      
        Date:
_____MM _____ DD _____YY

      

      

      Party C:
Chen Da-nian (Sign)

      

      
        Date:
_____MM _____ DD _____YY

       

       

      4Exhibit
4.5

       

      Share
Pledge Agreement

      

      

      This
Share Pledge Agreement (hereinafter referred to as this “Agreement”) is entered into on
this 1st of
July, 2008 in Shanghai of China by and among:

      

      Shanda Computer (Shanghai) Co.,
Ltd., located at Room 712-A, No. 625 Zhangjiang Road, Pudong New
Area, Shanghai, hereinafter referred to as
“Party A”; and

      

      Chen Tian-qiao (ID Card No.:
[XXX]),
whose residence locates at [XXX], hereinafter referred to as “Party B”; and

      

      Chen Da-nian (ID Card No.:
[XXX]),
whose residence locates at [XXX], hereinafter referred to as “Party C”.

      

      Party A,
Party B and Party C may hereinafter collectively referred to as the “Parties” and, individually
referred to as the “Party”.

      

      Whereas,

      

      
        	
                1.  

              	
                Party
      A is a wholly foreign-owned enterprise incorporated and existing in the
      People' Republic of China (the “PRC”) according to
      law;

              

      

      

      
        	
                2.  

              	
                Shanghai
      Shanda Networking Co., Ltd. (hereinafter referred to as the “Company”) is a limited
      liability company incorporated in the
PRC;

              

      

      

      
        	
                3.  

              	
                Party
      B and Party C are shareholders of the Company (hereinafter referred to as
      the “Pledgors”),
      holding 70% and 30% Share of the Company respectively, (100% Share of the
      Company being held by Party B and Party C are referred to as “Relevant Share”
      hereinafter);

              

      

      

      
        	
                4.  

              	
                Party
      A and the Company entered into the Exclusive Concluding and Service
      Agreement on July 01, 2008; Party A, Party B and Party C, and the Company
      entered into the Assignment Agreement of Purchase Option and Cooperation
      Agreement, and the Business Operating Agreement on July 01,
      2008;

              

      

      

      
        	
                5.  

              	
                For
      ensuring Party A to charge the service fees under the Exclusive Consulting
      and Service Agreement from the Company owned by Party B and Party C, and
      ensuring the performance of the Assignment Agreement of Purchase Option
      and Cooperation Agreement, and the Business Operating Agreement, the
      Pledgors pledge all of its Share in the Company as the pledge security for
      the performance 

              

      

       

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      
of the
said agreements, in which Party A is the Pledgee.

       

      NOW
THEREFORE, the
Parties have reached the following terms and conditions for mutual compliance on
the principle of equal footing and mutual benefits through friendly
negotiation:

      

      
        	
                1  

              	
                Definitions

              

      

      

      
        	
                 
      

              	
                      Unless
      otherwise specified in the context, the capitalized terms used in this
      Agreement shall have the meaning set forth
  below:

              

      

      

      

      
        	
                1.1  

              	
                “Pledge Rights” shall
      mean the contents set forth in Section 2
hereof.

              

      

      

      
        	
                1.2  

              	
                “Share” shall mean all
      Share being held by the Pledgors lawfully and all present and future
      rights and interests conferred on such
Share.

              

      

      

      
        	
                1.3  

              	
                “Each Agreement” shall
      mean the Exclusive Consulting and Service Agreement, the Assignment
      Agreement of Purchase Option and Cooperation Agreement, and the Business
      Operating Agreement dated on July 01, 2008 by and among Party A, the
      Company and other relevant parties.

              

      

      

      
        	
                1.4  

              	
                “Breaching Events” shall
      mean any circumstances set forth in Section 7
  hereof.

              

      

      

      
        	
                1.5  

              	
                “Breaching Notice” shall
      mean the notice sent by Party A in accordance with this Agreement for
      declaring the Breaching Events.

              

      

      

      
        	
                2  

              	
                Pledge

              

      

      

      
        	
                2.1  

              	
                The
      Pledgors shall pledge all of their Share in the Company as the security in
      favor of Party A's rights and interests under Each
    Agreement.

              

      

      

      
        	
                2.2  

              	
                The
      Share Pledge hereunder shall cover all fees (including legal costs),
      expenditures, losses, interests, liquidated damages, compensations,
      expenses for realization of creditor's rights, under Each Agreement,
      payable to Party A by the Company and/(or) the Pledgors, and the
      liabilities of the Company and the Pledgors to Party A when Each Agreement
      becomes invalid in whole or part for any
reason.

              

      

      

      
        	
                2.3  

              	
                The
      Pledge Rights hereunder shall mean that Party A is entitled to gain the
      considerations of the pledged Share with priority that may be disposed by
      discount, auction and disposition.

              

      

      

      
        	
                2.4  

              	
                Unless
      otherwise expressly agreed in writing by Party A after this Agreement
      comes to effect, the Pledge hereunder can be released provided
      

              

      

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
that the
Company and the Pledgors have performed all of their obligations and liabilities
under Each Agreement and Party A has accepted such performance in writing. In
the event that the Company or the Pledgors fail to perform the whole or any part
of its or their obligations or liabilities under such Each Agreement upon the
expiration of the term of any such Each Agreement, Party A is still entitled to
the Pledge Rights hereunder, unless and until the said obligations and
liabilities are performed in a way satisfactory to Party A.

       

      
        	
                3  

              	
                Validity

              

      

      

      
        	
                3.1  

              	
                This
      Pledge Agreement comes to effect from the date when it is entered into by
      and among the Parties, and the Pledge Rights come to effect from the date
      when the Administration for Industry and Commerce completes the pledge
      registration.

              

      

      

      
        	
                3.2  

              	
                In
      the event that the Company fails to pay the service fees or to perform any
      other provisions under the Exclusive Consulting and Service Agreement, or
      fails to perform any provision under the Business Operating Agreement or
      the Assignment Agreement of Purchase Option and Cooperation Agreement in
      the pledge period, Party A is entitled to exercise the Pledge Rights in
      accordance with this Agreement after giving a reasonable
      notice.

              

      

      

      
        	
                4  

              	
                Possession
      and Safekeeping of Pledge Right
Certificate

              

      

      

      
        	
                4.1  

              	
                The
      Pledgors shall deliver their Shareholder Contribution Certificates
      (originals) in the Company to Party A within ten (10) business days from
      the date when this Agreement is entered into or on the other earlier date
      that has been agreed by the Parties, and submit Party A with the
      certificate showing that the Pledge hereunder has been registered on the
      Share Register, and complete all approval, registration and recording
      formalities required by the laws and regulations of the PRC, and submit
      the Share Pledge Registration Certificates that have been completed with
      the Administration for Industry and Commerce. For more information on the
      forms of the Shareholder Contribution Certificate and Share Register,
      please refer to the Appendix
hereto.

              

      

      

      
        	
                4.2  

              	
                In
      the event that the pledge recordings have been changed, and such changes
      shall be registered and recorded accordingly, Party B, Party C and Party A
      shall do so and submit relevant documents for recording such changes
      within five (5) business days from the date when such pledge recordings
      are changed.

              

      

      

      
        	
                4.3  

              	
                The
      Pledgors shall order the Company not to allocate any dividends, bonus, or
      not to make any profit distribution plan in the Share Pledge period. In
      the event that the Pledgors are entitled to obtain any other economic
      benefits in 

              

      

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      

        respect
of the pledged Share rather than the dividends, bonus or other profit
distribution, they shall order the Company to remit relevant (realized) amount
to the bank account designated by Party A at Party A's request. Without Party
A's prior written consents, the Pledgors shall not use such amount at their own
discretions.

      

       

      
        	
                4.4  

              	
                In
      the event that the Pledgors subscribe the new registered capitals of the
      Company or acquire the Company's Share held by other pledgors (hereinafter
      referred to as the “New Additional Share” collectively) in the Share
      Pledge period, such New Additional Share shall become one part of the
      Share Pledge hereunder automatically. In such case, the Pledgors shall
      complete all formalities necessary to pledge the said New Additional Share
      within ten (10) business days after they obtain such New Additional Share.
      In the event that the Pledgors fail to complete relevant formalities
      subject to the foregoing provisions, Party A is entitled to exercise the
      Pledge Rights with immediate effect in accordance with Section 8
      hereof.

              

      

      

      
        	
                5  

              	
                Statements
      and Warranties of the Pledgors

              

      

      

      The
Pledgors shall state and warrant to Party A as follows as of the signature date
of this Agreement, and shall acknowledge that the signature and performance of
this Agreement by Party A is based on such statements and
warranties:

      

      
        	
                5.1  

              	
                The
      Pledgors are holding the Share hereunder according to law, and have the
      rights to pledge such Share in favor of Party
A.

              

      

      

      
        	
                5.2  

              	
                There
      is no legitimate claim or intervention from a third party when Party A
      exercises its rights or the Pledge Rights in accordance with this
      Agreement at any time in the period from the date when this Agreement is
      entered into to the time in which Party A enjoys the Pledge Rights in
      accordance with Section 2.4 hereof.

              

      

      

      
        	
                5.3  

              	
                Party
      A is entitled to exercise the Pledge Rights through the methods specified
      by the laws, regulations and this
Agreement.

              

      

      

      
        	
                5.4  

              	
                The
      signature of this Agreement and the performance of the obligations
      hereunder by them have been authorized or approved necessarily by the
      Company and have been acknowledged by other shareholders, and shall not
      violate any applicable laws and regulations and the articles of
      association. Their signatories have been authorized to enter into this
      Agreement according to law acting as their authorized
      representatives.

              

      

      

      
        	
                5.5  

              	
                There
      is no other encumbrance or secured right and benefit (including but not
      limited to the pledge) in favor of a third party against the Share being
      held by the Pledgors.

              

      

       

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      
 

      
        	
                5.6  

              	
                There
      is no pending civil, administrative or criminal suit or administrative
      penalty or arbitration in relation to the Share, or no civil,
      administrative or criminal suit or administrative penalty or arbitration
      that may arise in the future.

              

      

      

      
        	
                5.7  

              	
                There
      is no due and outstanding tax, expense, or due and uncompleted legal
      proceeding or formality in relation to the
  Share.

              

      

      

      
        	
                5.8  

              	
                All
      provisions hereof constitute their true intents and are binding upon them
      lawfully.

              

      

      

      
        	
                6  

              	
                Undertakings
      of Pledgors

              

      

      

      
        	
                6.1  

              	
                During
      the Term of this Agreement, the Pledgors shall undertake to Party A that
      they will:

              

      

      

      6.1.1  
 Not
assign the Share, nor create or allow existence of any other encumbrance or
secured rights and benefits in favor of a third party that may affect the rights
and benefits of Party A in any way without Party A's prior written consents,
unless otherwise such Share is assigned to Party A or the person designated by
it at the request of Party A;

      

      6.1.2  
 Abide by
all applicable laws and regulations, and show the notices, orders or suggestion
to Party A within five (5) business days after they receive such notices, orders
or suggestion from relevant competent authorities, and take actions subject to
reasonable indication of Party A;

      

      6.1.3  
 Notify
Party A, on a timely basis, of any events or received notices that may affect
the Share of the Pledgors or any rights thereon, or any events or received
notices that may change any obligations of or affect the performance of the
obligations of the Pledgors under this Agreement, and take actions subject to
reasonable indication of Party A.

      

      
        	
                6.2  

              	
                The
      Pledgors have undertaken that the exercise of the rights hereunder by
      Party A will not be interrupted or impaired by them or their successors or
      assigns or any other persons.

              

      

      

      
        	
                6.3  

              	
                For
      protecting or enhancing the security against the obligations of the
      Pledgors and /or the Company under Each Agreement, the Pledgors have
      undertaken to Party A that they will make necessary modifications over
      their respective articles of association and the articles of association
      of the Company (if applicable), enter into all entitlement certificates
      and deeds 

              

      

       

       

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      
 

      
        requested
by Party A in good faith, and cause other persons related to the Pledge Rights
to do so, and/or perform the actions required by Party A and cause other related
persons to do so, and provide convenience for the exercise of the Pledge Rights
by Party A, and enter into all documents in relation to the change of the Share
Certificate with Party A or any third party designated by it, and provide Party
A with all necessary documents in relation to the Pledge Rights as Party A
thinks fit within a reasonable period.

      

       

      
        	
                6.4  

              	
                In
      favor of Party A's benefits, the Pledgors have undertaken to Party A that
      they will abide by and perform all of their promises, undertakings,
      agreements and statements. In the event that the Pledgors fail to perform
      their promises, undertakings, agreements and statements or do so
      incompletely, they shall indemnify all of Party A's losses arising
      therefrom.

              

      

      

      
        	
                7  

              	
                Breaching
      Events

              

      

      

      
        	
                7.1  

              	
                Any
      of the following events shall be deemed as the Breaching
      Events:

              

      

      

      7.1.1   
Any of
the Company, its successors or assigns fails to pay any due amount in full under
Each Agreement within the agreed period, or any of the Pledgors, their
successors or assigns fails to perform its obligations under the Business
Operating Agreement, the Assignment Agreement of Purchase Option and Cooperation
Agreement, and the Exclusive Consulting and Service Agreement;

      

      7.1.2    Any of
the statements, promises or undertakings of the Pledgors under Section 5 and 6
hereof is materially misleading or wrong, and/or there exist other actions in
violation of the statements, promises or undertakings of the Pledgors under
Section 5 and 6 hereof;

      

      7.1.3    The
Pledgors have violated any provisions hereof materially;

       

      
        
          7.1.4    The
Pledgors have waived the pledged Share or assigned such pledged Share at its own
discretions without Party A's prior written consents, unless otherwise specified
in Section 6.1.1;

        

      

       

      7.1.5    Any
borrowings, security, indemnifications, undertakings or other liabilities of the
Pledgors are required to be repaid or performed earlier due to their breaches,
or the same are due but cannot be repaid or performed, which makes Party A deem
that the capabilities of the Pledgors to perform their obligations hereunder
have been affected adversely, and in turn its benefits may be
affected;

      

      7.1.6   
The
Pledgors cannot repay their general obligations or other owed money, which in
turn affects Party A's benefits;

       

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      
 

      7.1.7    This
Agreement becomes invalid or the Pledgors cannot perform their obligations
hereunder further due to the promulgation of relevant new laws;

      

      7.1.8    The
consents, permits, approvals or authorizations of any governmental authorities,
which are necessary to the enforcement, legitimacy or validity of this
Agreement, have been withdrawn, suspended, expired or modified
materially;

      

      7.1.9 
 
The
adverse changes of the properties owned by the Pledgors make Party A deem that
the capabilities of the Pledgors to perform their obligations hereunder have
been affected adversely;

      

      7.1.10    
 Other
circumstances in which Party A cannot dispose the Pledge Rights hereunder in
accordance with the laws and regulations.

      

      
        	
                7.2  

              	
                In
      the event that the Pledgors are aware of any matter specified in Section
      7.1 or any other events that may cause the such matters arisen, they shall
      inform Party A in writing of such matters or events
    forthwith.

              

      

      

      
        	
                7.3  

              	
                Unless
      otherwise the breaches specified in Section 7.1 above have been settled to
      the satisfactory of Party A, Party A may send a written Breaching Notice
      to the Pledgors at any time when or after such breaches arise, and request
      the Pledgors to repay the owed money and other receivables immediately or
      perform the Assignment Agreement of Purchase Option and Cooperation
      Agreement, and the Business Operating Agreement forthwith. In the event
      that the Pledgors or the Company have failed to correct their breaches or
      make necessary remedies within ten (10) days after the said written notice
      is sent, Party A is entitled to exercise the Pledge Rights hereunder in
      accordance with Section 8 hereof.

              

      

      

      
        	
                8  

              	
                Exercise
      of Pledge Rights

              

      

      

      
        	
                8.1  

              	
                The
      Pledgors shall not assign the Share without Party A's prior written
      consents before the fees and obligations under Each Agreement are paid and
      performed.

              

      

      

      
        	
                8.2  

              	
                Party
      A shall send the Breaching Notice to the Pledgors in accordance with
      Section 7.3 hereof when it exercises the Pledge Rights
      hereunder.

              

      

      

      
        	
                8.3  

              	
                Subject
      to Section 7.3 hereof, Party A may exercise the Pledge Rights at any time
      after it sends the Breaching Notice in accordance with Section 7.3
      hereof.

              

      

      

      
        	
                8.4  

              	
                Party
      A is entitled to gain the considerations of the pledged Share hereunder or
      any part of it that may be disposed by discount, auction and disposition
      

              

      

       

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      

        with
priority in accordance with the legal proceedings, unless and until any
outstanding service fees and any other payables under Each Agreement are offset,
and the obligations under the Assignment Agreement of Purchase Option and
Cooperation Agreement, the Business Operating Agreement are performed in
full.

         

      

      
        	
                8.5  

              	
                When
      Party A exercises the Pledge Rights hereunder, the Pledgors shall not
      interrupt such exercise, and shall give necessary assistance for the
      exercise of the Pledge Rights by Party
A.

              

      

      

      
        	
                9  

              	
                Assignment

              

      

      

      
        	
                9.1  

              	
                Without
      Party A's prior written consents, the Pledgors shall not assign any of
      their rights and/or obligations hereunder to a third
  party.

              

      

      

      
        	
                9.2  

              	
                This
      Agreement shall be binding upon the Pledgors and their successors, and
      inure to the benefit of Party A and its successors or
    assigns.

              

      

      

      
        	
                9.3  

              	
                Party
      A may at any time assign all or any part of its rights or obligations
      hereunder to any third party designated by it. In such case, such third
      party shall enjoy and bear Party A's rights and obligations hereunder.
      When Party A assigns its rights and obligations under Each Agreement, the
      Pledgors shall enter into the agreements and/or documents in relation to
      such assignment at Party A's
request.

              

      

      

      
        	
                9.4  

              	
                In
      the event that the Pledgors are replaced by virtue of the said assignment,
      the parties to the new pledge shall enter into a new pledge agreement, and
      the Pledgors shall be responsible for completing all relevant registration
      formalities.

              

      

      

      
        	
                10  

              	
                Commission
      Charge and Other Fees

              

      

      

      
        	
                10.1  

              	
                Any
      fees and out-of-pockets in relation to this Agreement, including but not
      limited to legal fees, production costs, stamp duties and any other taxes
      and fees, shall be borne by Party A and Party B in
  50:50.

              

      

      

      
        	
                11  

              	
                Force
      Majeure

              

      

      

      
        	
                11.1  

              	
                When
      the performance of this Agreement is delayed or interrupted due to any
      Force Majeure Events, the Party so affected (the “Affected Party”) shall
      be excused from such delayed or interrupted performance. The “Force
      Majeure Events” shall mean any events beyond the reasonable controls of
      the Affected Party, which are unavoidable even if the Affected Party takes
      a reasonable care, including but not limited to the governmental acts, Act
      of God, fires, explosion, geographic variation, storms, floods,
      earthquakes, morning and evening tides, lightning or wars. However, any
      insufficiency of credits, funds or financing shall not be deemed as the
      events beyond reasonable controls of the Affected Party. The Affected
      Party seeking for the exemption of
any

              

      

       

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      

        performance
under this Agreement or any provision hereof shall inform the other Party of
such exemption and its proposed measures for making further performance as soon
as practicable.

         

      

      
        	
                11.2  

              	
                The
      Affected Party shall be excused from any liability hereunder provided
      always that it has tried its best efforts to perform this Agreement.
      However, the exempted liabilities shall be subject to such delayed or
      interrupted performance. Once the causations for the said exemption are
      corrected or remedied, each Party shall try its best efforts to recover
      the performance of this Agreement.

              

      

      

      
        	
                12  

              	
                Governing
      Law and Dispute Resolution

              

      

      

      
        	
                12.1  

              	
                The conclusion, validity and
      performance of, interpretation to and dispute resolution in
      relation to this Agreement shall be governed and interpreted by the laws of the PRC.

              

      

      

      
        	
                12.2  

              	
                Any dispute arising out of the
      interpretation to or performance of this Agreement shall be resolved
      through friendly negotiation by the Parties; if not reached, any Party
      may submit such dispute to the China International Economic and Trade
      Arbitration Commission Shanghai Commission (“CIETACSC”) according to the Rules of
      CIETACSC. Such arbitration shall be carried out in Shanghai. The language in the arbitration
      proceedings shall be Chinese. The awards are final and binding upon the
      Parties.

              

      

      

      
        	
                12.3  

              	
                Save for the matters under
      disputes, the Parties shall continue to perform their respective
      obligations in good faith in accordance with this Agreement.

              

      

      

      
        	
                13  

              	
                Notices

              

      

      

      
        	
                13.1  

              	
                All
      notices and correspondences to or upon each Party to be effective for the
      performance of the rights and obligations hereunder shall be in writing,
      and shall be sent to the following addresses of the other Parties by
      personal delivery, registered mail, postage prepaid mail, generally
      accepted courier service or fax.

              

      

      

      Party A:
Shanda Computer (Shanghai) Co., Ltd.

      Address:
Room 712-A, No. 625 Zhangjiang Road, Pudong New Area, Shanghai

      

      Party B:
Chen Tian-qiao

      Address:
[XXX]

      

      Party C:
Chen Da-nian

       

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

       

      Address:
[XXX]

      

      
        	
                13.2  

              	
                Any
      notice and correspondence shall be deemed to be served as
      follows:

              

      

      

      
        	
                13.2.1  

              	
                If
      it is sent by fax, it shall be deemed to be served on the recording date
      on the faxed copy. However, if it is sent after 17:00 P.M. on a business
      day or on a non-business day of the addressee, it shall be deemed to be
      served on the next business day following the recording date on the faxed
      copy;

              

      

      

      
        	
                13.2.2  

              	
                If
      it is sent by personal delivery (including the express mail service), the
      date when it is signed and accepted shall
  prevail;

              

      

      

      
        	
                13.2.3  

              	
                If
      it is sent by registered mail, the 15th
      day following the date recorded on the return receipt shall
      prevail.

              

      

      

      
        	
                14  

              	
                Appendix

              

      

      

      Any
appendix to this Agreement shall be integral to it.

      

      
        	
                15  

              	
                Waiver

              

      

      

      Any
failure or delay to exercise any of its rights, remedies, powers or privileges
hereunder by Party A shall not constitute a waiver of such rights, remedies,
powers or privileges by Party A. Any single or partial exercise of any of its
rights, remedies, powers or privileges hereunder by Party A shall not affect the
exercise of any other rights, remedies, powers or privileges hereunder by Party
A. The rights, remedies, powers or privileges hereunder are accumulative without
any prejudices to any rights, remedies, powers or privileges specified by any
laws and regulations.

      

      
        	
                16  

              	
                Miscellaneous

              

      

      

      
        	
                16.1  

              	
                Any
      amendments, supplements or alterations to this Agreement shall be made in
      writing, which can come to effect after they are entered into and sealed
      (if applicable) by the Parties.

              

      

      

      
        	
                16.2  

              	
                The
      Parties hereby confirm that this Agreement constitutes the fair and
      reasonable agreements by and between them on the basis of equal footing
      and mutual benefits. In the event that any provision hereof becomes
      invalid or unenforceable because such provision conflicts with relevant
      laws, such provision shall be void and null or unenforceable under the
      applicable laws, but shall not affect the validity and enforcement of the
      remaining provisions of this
Agreement.

              

      

      

      
        	
                16.3  

              	
                Party B and Party C have
      undertaken that any provision herein is binding
  

              

      

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          
 

      

      
        upon them lawfully, irrespective of any
change of the Company's Share held by Party B and Party C
respectively in the future, and that this Agreement shall be applicable to all of
the Company's Share to be held by Party B and Party C
for the time being.

      

       

      
        	
                16.4  

              	
                This Agreement is made in Chinese
      with two (2) originals.

              

      

      

      

      

      [No Text Follow, Signature
Page for Share Pledge Agreement Follow]

      

      

      

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      

      

       

      

      Party A:
Shanda Computer (Shanghai) Co., Ltd.

      

      Legal
Representative/Authorized Representative:______________

      

      Title: ________________

      

      Date:
_____MM _____DD _____YY

      

      

      Party B:
Chen Tian-qiao (Sign)

      

      
        Date:
_____MM _____DD _____YY

      

      Party C:
Chen Da-nian (Sign)

      

      Date:
_____MM _____DD _____YY

    

     

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      

      Appendix:

      

      1. Share
Register of Company

      

      Share
Register of Shanghai Shanda Networking Development Co., Ltd.

      

      Company's
Shareholders

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            	
                                                    Name
      of Shareholder

                                                  	
                                                    ID
      Card No.

                                                  	
                                                    Address

                                                  	
                                                    Contribution

                                                  	
                                                    Ratio

                                                  	
                                                    Note

                                                  
	
                                                          
                                                      Chen
      Tian-qiao

                                                    

                                                  	
                                                    [XXX]

                                                  	
                                                    [XXX]

                                                  	
                                                    RMB
      14 Million

                                                  	
                                                    70%

                                                  	
                                                    Pledged

                                                  
	
                                                    Chen
      Da-nian

                                                  	
                                                    [XXX]

                                                  	
                                                    [XXX]

                                                  	
                                                    RMB
      6 Million

                                                  	
                                                    30%

                                                  	
                                                    Pledged

                                                  

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                          
It is
hereby verified that Chen Tian-qiao, the shareholder of the Company, has pledged
70% Share of the Company to Shanda Computer (Shanghai) Co.,
Ltd.

                        

                      

                    

                  

                

              

            

          

        

      

      

      It is
hereby verified that Chen Da-nian, the shareholder of the Company, has pledged
30% Share of the Company to Shanda Computer (Shanghai) Co., Ltd.

      

      Shanghai
Shanda Networking Development Co., Ltd.

      (Seal)

      

      Chen
Tian-qiao

      Sign and
Seal:

      

      Chen
Da-nian

      Sign and
Seal:

      

      Date: __________   MM
______    DD ______  YY ______

      

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

       

      2.
Shareholder Contribution Certificate

      

      Shareholder
Contribution Certificate of Shanghai Shanda Networking Development Co.,
Ltd.

      

      Name of
Company: Shanghai Shanda Networking Development Co., Ltd.

      

      Incorporation
Date of Company: December 29, 1999

      

      Registered
Capital of Company: RMB 20 Million

      

      Name of
Shareholder:

      

      Contribution:

      

      Contribution
Method:

      

      Contribution
Date: [●]
2008

      

      Sealed by
Company:

      

      Issuance
Date:   MM  DD  YY

      

    

     14

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