Document:

EXHIBIT 4.31

 

RENEWAL AGREEMENT FOR LOANS (1)

 

2013 Zi.No.: 3008130207

 

Lender: China Merchant Bank Co.,
Ltd., Shanghai Dongfang Sub-branch

Principal: Chen, Siqing

Address: 902, Dongfang Road

  

 

Borrower: Lansha Information Technology
(Shanghai) Co., Ltd.

Legal Representative/Principal: Tan, Qunzhao

 

 

Guarantor (legal person or other
organization):

Legal Representative/Principal:

Or

Guarantor (natural person):

ID Number:

 

 

Mortgager/ Pledger (legal person
or other organization):

Legal Representative/Principal:

Or

Mortgager/ Pledger (natural person):

ID Number:

 

 

The Lender, Borrower, Guarantor and Mortgager/Pledger
shall hereinafter be collectively referred to as Parties, and shall where the context so admits, be individually referred to as
“Party”.

 

    	1

    	 

    

 

The Borrower fails to repay the loans under
Loan Contract No.11120206 (hereinafter referred to as the “Loan Contract”) due to business operation, and has to apply
to the Lender for the loan extension. The Lender has accepted the Borrower’s application with examination.

 

NOW, THEREFORE, the Parties hereby agree
as follows:

 

ARTICLE I LOAN EXTENSION

 

Under the Loan Contract, the Borrower has
borrowed 12,300,000 yuan in RMB from the Lender, and 12,300,000 yuan shall come due on February 7, 2013. As of February 7, 2013,
the balance of such loans shall be 12,300,000 yuan which shall come due on February 7, 2014 after the loan extension made by the
Parties. The Borrower hereby agrees to repay all the loan principal and interest on the expiry date of such extension.

 

ARTICLE II LOAN RATE 

 

2.1 In terms of RMB loans, the basic rate
applied in such extension shall be the financial institution’s basic interest rate on RMB loans at a new level for the accumulated
loan term, with the following adjustment in accordance with the actual extension situation □rise /□lower (choose one
by “√”) 0%, or the loan rate shall be 3%.

 

The accumulated loan term refers to the
sum of the loan term under the Loan Contract and the term under such loan extension.

 

2.2 In terms of the foreign currency loans,
the basic rate applied in such extension shall be [ ] of □ [ ] month(s)/□ [ ] day(s) (choose one by “√”)
on the fixing day or the day before the fixing day or the two days before the fixing day, which shall be +[ ] basic points (Bps)
in accordance with the actual extension situation, or the loan rate shall be [ ]%.

 

    	2

    	 

    

 

2.3 Unless otherwise stipulated in this
Article, the regulations on interest rate in Loan Contract shall still apply.

 

ARTICLE III GUARANTEE CLAUSE

 

3.1 In terms of guaranteed loan, the Guarantor
hereby agree to continue to provide guarantee to such loan. The Irrevocable Letter of Guarantee submitted to the Lender as of [dd/mm/yy]
shall remain in force, and the guarantee period shall expiry at the end of an additional two years after the expiry of this loan
extension. If the Guarantor is changed or added, the new Guarantor shall submit the Irrevocable Letter of Guarantee to the Lender
separately.

 

3.2 In terms of mortgaged/pledged loan,
the Mortgager/Pledger hereby agree to continue to mortgage/pledge to the Lender the [property] that owned by the Mortgager/Pledger
or could be disposed by the Mortgager/Pledger lawfully. The Mortgage/Pledge Contract No. [] shall be remain in force, and the Mortgager/Pledger
shall according to relevant regulations be liable for handling the procedures such as the registration (record-keeping) of mortgaged/pledged
property, the notarization and insurance. If the collaterals are changed or increased, the new Mortgager/Pledger shall execute
a new Mortgage Contract or Pledge Contract with the Lender for the changed or increased collaterals.

 

ARTICLE IV VALIDITY OF DOCUMENTS

 

This Agreement shall serve as a component
part of the Loan Contract. Unless otherwise stipulated in this Agreement, other contents in the Loan Contract, the Irrevocable
Letter of Guarantee and/or the Mortgage/Pledge Contract shall remain in force, and shall be observed and fulfilled by each Party.

 

ARTICLE V EFFECTIVENESS

 

    	3

    	 

    

 

5.1 In terms of guaranteed loan, this Agreement
shall come into effect on the date on which the Legal Representative/Principal/Authorized Representative of the Lender, Borrower
and Guarantor signs/seals this Agreement with the aforementioned three Parties’ common seal thereon (If the Guarantor is
a natural person, this Agreement shall come into effect on the date on which the Legal Representative/Principal/Authorized Representative
of the Lender and Borrower signs/seals this Agreement with the aforementioned two Parties’ common seal thereon and the Guarantor
puts his/her signature on this Agreement), and shall cease to be in force automatically until all the principal and interest and
pertinent expenses under this Agreement have been paid.

 

5.2 In terms of mortgaged/pledged loan,
this Agreement shall come into effect on the date on which the Legal Representative/Principal/Authorized Representative of the
Lender, Borrower and Mortgager/Pledger signs/seals this Agreement with the aforementioned three Parties’ common seal thereon
(If the Mortgager/Pledger is a natural person, this Agreement shall come into effect on the date on which the Legal Representative/Principal/Authorized
Representative of the Lender and Borrower signs/seals this Agreement with the aforementioned two Parties’ common seal thereon
and the Mortgager/Pledger puts his/her signature on this Agreement); and if the registration (record-keeping) of mortgaged/pledged
property is necessary in accordance with relevant regulations, then this Agreement shall come into effect after satisfying all
the foregoing requirements and completing such registration. This Agreement shall cease to be in force automatically until all
the principal and interest and pertinent expenses under this Agreement have been paid.

 

ARTICLE VI SUPPLEMENTARY PROVISIONS

 

There are 3 copies of this contract with
each party holding one and both have the same legal effect.

 

    	4

    	 

    

 

All TERMS OF THIS AGREEMENT HAVE BEEN
NEGOTIATED AMONG THE PARTIES ADEQUATELY. THE BANK HAS REMINDED OTHER PARTIES TO PAY SPECIAL ATTENTIONS TO AND UNDERSTAND EXACTLY
THE TERMS, WHICH HAS BEEN STATED BY THE BANK AT THE REQUEST OF OTHER PARTY, ON THE LIMITATION OR EXCLUSION OF BANK’S LIABILITY,
THE UNILATERAL RIGHTS OWNED BY THE BANK, THE INCREASE ON OTHER PARTY’S LIABILITY OR THE LIMITATION ON OTHER PARTY’S
RIGHTS. ALL PARTIES HEREBY EXECUTE THIS AGREEMENT WITH A COMMON UNDERSTANDING ON ALL TERMS.

 

    	5

    	 

    

 

SIGNATURE PAGE

 

	Lender: (Seal)	[Seal]
	Legal Representative/Authorized Representative:	[Seal]
	 	 
	 	
	Borrower: (Seal)	[Seal]
	Legal Representative/Principal/Authorized Representative:	[Seal]

 

 

Guarantor (legal person or other organization):
(Seal)

Legal Representative/Principal/Authorized
Representative:

Guarantor (natural person): (Signature)

 

 

Mortgager/Pledger (legal person or other
organization): (Seal)

Legal Representative/Principal/Authorized
Representative:

Mortgager/Pledger (natural person): (Signature)

 

 

Dated: February 7, 2013

 

    	6

    	 

    

  

RENEWAL AGREEMENT FOR LOANS (1)

 

2013 Zi.No.: 3008130209

 

Lender: China Merchant Bank Co.,
Ltd., Shanghai Dongfang Sub-branch

Principal: Chen, Siqing

Address: 902, Dongfang Road

 

 

Borrower: Shengji Information Technology
(Shanghai) Co. Ltd. Legal Representative/Principal: Tan, Qunzhao

 

 

Guarantor (legal person or other
organization):

Legal Representative/Principal:

Or

Guarantor (natural person):

ID Number:

 

 

Mortgager/ Pledger (legal person
or other organization):

Legal Representative/Principal:

Or

Mortgager/ Pledger (natural person):

ID Number:

 

 

The Lender, Borrower, Guarantor and Mortgager/Pledger
shall hereinafter be collectively referred to as Parties, and shall where the context so admits, be individually referred to as
“Party”.

 

    	7

    	 

    

 

The Borrower fails to repay the loans under
Loan Contract No.11120203 (hereinafter referred to as the “Loan Contract”) due to business operation, and has to apply
to the Lender for the loan extension. The Lender has accepted the Borrower’s application with examination.

 

NOW, THEREFORE, the Parties hereby agree
as follows:

 

ARTICLE I LOAN EXTENSION

 

Under the Loan Contract, the Borrower
has borrowed 154,300,000 yuan in RMB from the Lender, and 154,300,000 yuan shall come due on February 8, 2013. As of February
8, 2013, the balance of such loans shall be 154,300,000 yuan which shall come due on February 8, 2014 after the loan extension
made by the Parties. The Borrower hereby agrees to repay all the loan principal and interest on the expiry date of such extension.

 

ARTICLE II LOAN RATE 

 

2.1 In terms of RMB loans, the basic rate
applied in such extension shall be the financial institution’s basic interest rate on RMB loans at a new level for the accumulated
loan term, with the following adjustment in accordance with the actual extension situation □rise /□lower (choose one
by “√”) 0%, or the loan rate shall be 3%.

 

The accumulated loan term refers to the
sum of the loan term under the Loan Contract and the term under such loan extension.

 

2.2 In terms of the foreign currency loans,
the basic rate applied in such extension shall be [ ] of □ [ ] month(s)/□ [ ] day(s) (choose one by “√”)
on the fixing day or the day before the fixing day or the two days before the fixing day, which shall be +[ ] basic points (Bps)
in accordance with the actual extension situation, or the loan rate shall be [ ]%.

 

    	8

    	 

    

 

2.3 Unless otherwise stipulated in this
Article, the regulations on interest rate in Loan Contract shall still apply.

 

ARTICLE III GUARANTEE CLAUSE

 

3.1 In terms of guaranteed loan, the Guarantor
hereby agree to continue to provide guarantee to such loan. The Irrevocable Letter of Guarantee submitted to the Lender as of
[dd/mm/yy] shall remain in force, and the guarantee period shall expiry at the end of an additional two years after the expiry
of this loan extension. If the Guarantor is changed or added, the new Guarantor shall submit the Irrevocable Letter of Guarantee
to the Lender separately.

 

3.2 In terms of mortgaged/pledged loan,
the Mortgager/Pledger hereby agree to continue to mortgage/pledge to the Lender the [property] that owned by the Mortgager/Pledger
or could be disposed by the Mortgager/Pledger lawfully. The Mortgage/Pledge Contract No. [] shall be remain in force, and the
Mortgager/Pledger shall according to relevant regulations be liable for handling the procedures such as the registration (record-keeping)
of mortgaged/pledged property, the notarization and insurance. If the collaterals are changed or increased, the new Mortgager/Pledger
shall execute a new Mortgage Contract or Pledge Contract with the Lender for the changed or increased collaterals.

 

ARTICLE IV VALIDITY OF DOCUMENTS

 

This Agreement shall serve as a component
part of the Loan Contract. Unless otherwise stipulated in this Agreement, other contents in the Loan Contract, the Irrevocable
Letter of Guarantee and/or the Mortgage/Pledge Contract shall remain in force, and shall be observed and fulfilled by each Party.

 

    	9

    	 

    

 

ARTICLE V EFFECTIVENESS

 

5.1 In terms of guaranteed loan, this Agreement
shall come into effect on the date on which the Legal Representative/Principal/Authorized Representative of the Lender, Borrower
and Guarantor signs/seals this Agreement with the aforementioned three Parties’ common seal thereon (If the Guarantor is
a natural person, this Agreement shall come into effect on the date on which the Legal Representative/Principal/Authorized Representative
of the Lender and Borrower signs/seals this Agreement with the aforementioned two Parties’ common seal thereon and the Guarantor
puts his/her signature on this Agreement), and shall cease to be in force automatically until all the principal and interest and
pertinent expenses under this Agreement have been paid.

 

5.2 In terms of mortgaged/pledged loan,
this Agreement shall come into effect on the date on which the Legal Representative/Principal/Authorized Representative of the
Lender, Borrower and Mortgager/Pledger signs/seals this Agreement with the aforementioned three Parties’ common seal thereon
(If the Mortgager/Pledger is a natural person, this Agreement shall come into effect on the date on which the Legal Representative/Principal/Authorized
Representative of the Lender and Borrower signs/seals this Agreement with the aforementioned two Parties’ common seal thereon
and the Mortgager/Pledger puts his/her signature on this Agreement); and if the registration (record-keeping) of mortgaged/pledged
property is necessary in accordance with relevant regulations, then this Agreement shall come into effect after satisfying all
the foregoing requirements and completing such registration. This Agreement shall cease to be in force automatically until all
the principal and interest and pertinent expenses under this Agreement have been paid.

 

ARTICLE VI SUPPLEMENTARY PROVISIONS

 

    	10

    	 

    

 

There are 3 copies of this contract with
each party holding one and both have the same legal effect.

 

All TERMS OF THIS AGREEMENT HAVE BEEN
NEGOTIATED AMONG THE PARTIES ADEQUATELY. THE BANK HAS REMINDED OTHER PARTIES TO PAY SPECIAL ATTENTIONS TO AND UNDERSTAND EXACTLY
THE TERMS, WHICH HAS BEEN STATED BY THE BANK AT THE REQUEST OF OTHER PARTY, ON THE LIMITATION OR EXCLUSION OF BANK’S LIABILITY,
THE UNILATERAL RIGHTS OWNED BY THE BANK, THE INCREASE ON OTHER PARTY’S LIABILITY OR THE LIMITATION ON OTHER PARTY’S
RIGHTS. ALL PARTIES HEREBY EXECUTE THIS AGREEMENT WITH A COMMON UNDERSTANDING ON ALL TERMS.

 

    	11

    	 

    

 

SIGNATURE PAGE

  

	Lender: (Seal)	[Seal]
	Legal Representative/Authorized Representative:	[Seal]
	 	 
	 	 
	Borrower: (Seal)	[Seal]
	Legal Representative/Principal/Authorized Representative:	[Seal]

 

 

Guarantor (legal person or other organization):
(Seal)

Legal Representative/Principal/Authorized
Representative:

Guarantor (natural person): (Signature)

 

 

Mortgager/Pledger (legal person or other
organization): (Seal)

Legal Representative/Principal/Authorized
Representative:

Mortgager/Pledger (natural person): (Signature)

 

 

Dated: February 8, 2013

 

    	12

    	 

    

 

 

RENEWAL AGREEMENT FOR LOANS (1)

 

2013 Zi.No.: 3008130210

 

Lender: China Merchant Bank Co.,
Ltd., Shanghai Dongfang Sub-branch

Principal: Chen, Siqing

Address: 902, Dongfang Road

 

 

Borrower: Shengqu Information Technology
(Shanghai) Co. Ltd.

Legal Representative/Principal: Tan, Qunzhao

 

Guarantor (legal person or other
organization):

Legal Representative/Principal:

Or

Guarantor (natural person):

ID Number:

 

 

Mortgager/ Pledger (legal person
or other organization):

Legal Representative/Principal:

Or

Mortgager/ Pledger (natural person):

ID Number:

 

The Lender, Borrower, Guarantor and Mortgager/Pledger
shall hereinafter be collectively referred to as Parties, and shall where the context so admits, be individually referred to as
“Party”.

 

    	13

    	 

    

 

The Borrower fails to repay the loans under
Loan Contract No.11120204 (hereinafter referred to as the “Loan Contract”) due to business operation, and has to apply
to the Lender for the loan extension. The Lender has accepted the Borrower’s application with examination.

 

NOW, THEREFORE, the Parties hereby agree
as follows:

 

ARTICLE I LOAN EXTENSION

 

Under the Loan Contract, the Borrower
has borrowed 759,400,000 yuan in RMB from the Lender, and 759,400,000 yuan shall come due on February 8, 2013. As of February
8, 2013, the balance of such loans shall be 759,400,000 yuan which shall come due on February 8, 2014 after the loan extension
made by the Parties. The Borrower hereby agrees to repay all the loan principal and interest on the expiry date of such extension.

 

ARTICLE II LOAN RATE 

 

2.1 In terms of RMB loans, the basic rate
applied in such extension shall be the financial institution’s basic interest rate on RMB loans at a new level for the accumulated
loan term, with the following adjustment in accordance with the actual extension situation □rise /□lower (choose one
by “√”) 0%, or the loan rate shall be 3%.

 

The accumulated loan term refers to the
sum of the loan term under the Loan Contract and the term under such loan extension.

 

2.2 In terms of the foreign currency loans,
the basic rate applied in such extension shall be [ ] of □ [ ] month(s)/□ [ ] day(s) (choose one by “√”)
on the fixing day or the day before the fixing day or the two days before the fixing day, which shall be +[ ] basic points (Bps)
in accordance with the actual extension situation, or the loan rate shall be [ ]%.

 

    	14

    	 

    

 

2.3 Unless otherwise stipulated in this
Article, the regulations on interest rate in Loan Contract shall still apply.

 

ARTICLE III GUARANTEE CLAUSE

 

3.1 In terms of guaranteed loan, the Guarantor
hereby agree to continue to provide guarantee to such loan. The Irrevocable Letter of Guarantee submitted to the Lender as of
[dd/mm/yy] shall remain in force, and the guarantee period shall expiry at the end of an additional two years after the expiry
of this loan extension. If the Guarantor is changed or added, the new Guarantor shall submit the Irrevocable Letter of Guarantee
to the Lender separately.

 

3.2 In terms of mortgaged/pledged loan,
the Mortgager/Pledger hereby agree to continue to mortgage/pledge to the Lender the [property] that owned by the Mortgager/Pledger
or could be disposed by the Mortgager/Pledger lawfully. The Mortgage/Pledge Contract No. [] shall be remain in force, and the
Mortgager/Pledger shall according to relevant regulations be liable for handling the procedures such as the registration (record-keeping)
of mortgaged/pledged property, the notarization and insurance. If the collaterals are changed or increased, the new Mortgager/Pledger
shall execute a new Mortgage Contract or Pledge Contract with the Lender for the changed or increased collaterals.

 

ARTICLE IV VALIDITY OF DOCUMENTS

 

This Agreement shall serve as a component
part of the Loan Contract. Unless otherwise stipulated in this Agreement, other contents in the Loan Contract, the Irrevocable
Letter of Guarantee and/or the Mortgage/Pledge Contract shall remain in force, and shall be observed and fulfilled by each Party.

 

    	15

    	 

    

 

ARTICLE V EFFECTIVENESS

 

5.1 In terms of guaranteed loan, this Agreement
shall come into effect on the date on which the Legal Representative/Principal/Authorized Representative of the Lender, Borrower
and Guarantor signs/seals this Agreement with the aforementioned three Parties’ common seal thereon (If the Guarantor is
a natural person, this Agreement shall come into effect on the date on which the Legal Representative/Principal/Authorized Representative
of the Lender and Borrower signs/seals this Agreement with the aforementioned two Parties’ common seal thereon and the Guarantor
puts his/her signature on this Agreement), and shall cease to be in force automatically until all the principal and interest and
pertinent expenses under this Agreement have been paid.

 

5.2 In terms of mortgaged/pledged loan,
this Agreement shall come into effect on the date on which the Legal Representative/Principal/Authorized Representative of the
Lender, Borrower and Mortgager/Pledger signs/seals this Agreement with the aforementioned three Parties’ common seal thereon
(If the Mortgager/Pledger is a natural person, this Agreement shall come into effect on the date on which the Legal Representative/Principal/Authorized
Representative of the Lender and Borrower signs/seals this Agreement with the aforementioned two Parties’ common seal thereon
and the Mortgager/Pledger puts his/her signature on this Agreement); and if the registration (record-keeping) of mortgaged/pledged
property is necessary in accordance with relevant regulations, then this Agreement shall come into effect after satisfying all
the foregoing requirements and completing such registration. This Agreement shall cease to be in force automatically until all
the principal and interest and pertinent expenses under this Agreement have been paid.

 

ARTICLE VI SUPPLEMENTARY PROVISIONS

 

    	16

    	 

    

 

There are 3 copies of this contract with
each party holding one and both have the same legal effect.

 

All TERMS OF THIS AGREEMENT HAVE BEEN
NEGOTIATED AMONG THE PARTIES ADEQUATELY. THE BANK HAS REMINDED OTHER PARTIES TO PAY SPECIAL ATTENTIONS TO AND UNDERSTAND EXACTLY
THE TERMS, WHICH HAS BEEN STATED BY THE BANK AT THE REQUEST OF OTHER PARTY, ON THE LIMITATION OR EXCLUSION OF BANK’S LIABILITY,
THE UNILATERAL RIGHTS OWNED BY THE BANK, THE INCREASE ON OTHER PARTY’S LIABILITY OR THE LIMITATION ON OTHER PARTY’S
RIGHTS. ALL PARTIES HEREBY EXECUTE THIS AGREEMENT WITH A COMMON UNDERSTANDING ON ALL TERMS.

 

    	17

    	 

    

 

SIGNATURE PAGE

 

	Lender: (Seal)	[Seal]
	Legal Representative/Authorized Representative:	[Seal]
	 	 
	 	 
	Borrower: (Seal)	[Seal]
	Legal Representative/Principal/Authorized Representative:	[Seal]

 

 

Guarantor (legal person or other organization):
(Seal)

Legal Representative/Principal/Authorized
Representative:

Guarantor (natural person): (Signature)

 

 

Mortgager/Pledger (legal person or other
organization): (Seal)

Legal Representative/Principal/Authorized
Representative:

Mortgager/Pledger (natural person): (Signature)

 

 

 

 

Dated: February 8, 2013

 

    	18EXHIBIT 4.33

 

Supplemental
Agreement to the Loan Agreement

 

No.

 

This Agreement (the “Agreement”)
is entered into and executed by and between the following Parties on February 8, 2013:

 

Party A: Shanda Interactive Entertainment
Limited

 

Party B: Shanda Games Limited

 

Each of Party A and Party B shall be referred
to as the “Party” and collectively, the “Parties”.

 

Whereas

 

		1.	Party A and Party B entered into a Loan Agreement dated as of February 8, 2012 (“Original
Agreement”), pursuant to which Party B borrowed from Party A US$ 147,000,000 (the “Original Loan”)
at the interest rate of 3% p.a.

 

		2.	The maturity date for the Original Loan under the Original Agreement was February 8, 2013;

 

		3.	Party B proposes to extend the maturity date of the Original Loan (the “Loan”)
and Party A agrees accordingly.

 

Under the principles
of good faith, equality, mutual benefits and common development, through friendly negotiations, the Parties reach the following
terms and conditions in respect to the Loan in accordance with Hong Kong law:

 

Section 1. Principle
Amount

 

The total principal amount of the Loan
is US$13,000,000.

 

Section 2. Maturity Date

 

Party B agrees to pay off the principle
amount of the Loan on February 8, 2014.

 

Section 3. Interests 

 

The Loan will hear an interest of 3% per
annum and the interest are payable at the maturity date.

 

    	 

    	 

    

 

Section 4. Other Provisions

 

Except as modified in this Agreement, all
other terms and conditions of the Original Loan as specified in the Original Agreement shall remain full force and effect and apply
to the Loan under this Agreement.

 

 

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    	 

    	 

    

 

The Parties have procured their duly authorized
representatives to sign this Agreement on the date first written above:

 

 

Party A: Shanda Interactive Entertainment
Limited

 

Authorized Representative (Signature):
/s/ Tianqiao Chen

 

 

Party B: Shanda
Games Limited

 

Authorized Representative (Signature):
/s/ Xiangdong Zhang

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