Document:

<PAGE>

                                                                    EXHIBIT 4.64

                                 LOAN AGREEMENT

                                                           No: _________________

     This Loan Agreement ("Agreement") is made and entered into this 4th day of
January, 2006 (the "Effective Date") by and between:

CHINA MERCHANTS BANK DONGFANG BRANCH, a corporation duly organized and validly
existing under the laws of the PRC and having its principal place of business at
No. 902-904, Dongfang Roda, Pudong New Area, Shanghai 201203, the PRC (the
"Agent"); and

SHENGQU INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD., a corporation duly
organized and validly existing under the laws of the PRC and having its
principal place of business at No.1 Office Building, No. 690 Bibo Road, Pudong
New Area, Shanghai 201203, the PRC ("Shengqu").

                                    RECITALS

     WHEREAS, Shanghai Shanda Networking Co. Ltd. ("Shanda Networking") and the
Agent entered into an Entrusted Loan Agreement dated as of January 4, 2006
pursuant to which Shanda Networking will deposit funds with the Agent, which the
Agent will loan to Shengqu; and

     WHEREAS, the Agent would like to provide Shengqu with a loan on the terms
and conditions set forth below.

     NOW, THEREFORE, in consideration of the mutual promises and covenants
contained herein and for other good and valuable consideration, the parties
hereto agree as follows:

1.   DEFINITIONS

1.1  "Advance" shall mean the principal amount of the lump sum drawing made by
     Shengqu under the Facility or, as the context requires, the outstanding
     balance thereof (as reduced by repayments and prepayments by Shengqu from
     time to time).

1.2  "Availability Period" shall mean the period commencing from December 31,
     2005 and ending on December 31, 2007.

                                       1

<PAGE>

1.3  "Business Day" shall mean any day other than a Saturday, Sunday or a legal
     holiday in the PRC.

1.4  "Event of Default" shall mean any of the events specified in Section 6.1
     below.

1.5  "Facility" shall mean the one hundred million RenMinBi ("RMB") loan
     facility to be made available to Shengqu pursuant to Section 2.

2.   THE LOAN

2.1  Subject to the terms and conditions set forth in this Agreement, Shengqu
     may on any Business Day during the Availability Period make one drawing
     from the Agent under the Facility.

2.2  Shengqu shall provide the Agent with the records and information needed by
     the Agent to ensure that loan proceeds are used according to the terms and
     conditions of this Agreement.

3.   INTERESTS AND TAXES

3.1  Interest. Shengqu shall not be obligated to pay any interest on the
     Advance.

3.2  All Advances to be made hereunder shall be made by the Agent. The Agent
     hereby acknowledges and agrees that, upon Shanda Networking's instructions,
     the Agent shall be responsible for transferring the Advances to Shengqu.

4.   REPAYMENT

Shengqu shall repay the Advance outstanding at the end of the Availability
Period. Shengqu may prepay any or all part of the Advance in the event that
Shanda Networking agrees upon such prepayment by Shengqu.

5.   PAYMENT PROVISIONS

5.1  Payment of Advance by the Agent. On the date on which the Advance is to be
     made, the Agent shall make available such Advance to Shengqu in RMB in
     immediately available funds to an account with the Agent specified in the
     notice and maintained by Shengqu.

5.2  Payment of Shengqu. All payment(s) to be made by Shengqu shall be made to
     the Agent on the date upon which the relevant payment is due in RMB in
     immediately available funds to the Agent into such account as specified in
     writing by the Agent. The Agent shall deliver payments made by Shengqu to
     the account specified by Shanda Networking within one (1) Business Day
     after

                                       2

<PAGE>

     receipt of such payment.

6.   EVENT OF DEFAULT

6.1  Each of the following events shall be deemed an Event of Default:

(a)  Non-Payment. Shengqu fails to pay any sum payable under this Agreement when
     due or otherwise in accordance with the provisions.

(b)  Failure to Perform. Shengqu fails to perform any of its other obligations
     hereunder;

(c)  Insolvency. Shengqu becomes insolvent or stops or suspends or threatens to
     stop or suspend payments of all or a material part of its debts or is
     unable or admits its inability to pay its debts as they fall due.

6.2  Acceleration. At any time after the occurrence of an Event of Default and
     regardless of whether such Event of Default continues, the Agent may
     declare the Facility to be canceled whereupon the same shall be so canceled
     forthwith according to Shanda Networking's instruction.

7.   MISCELLANEOUS

7.1  Notice. Shengqu shall send a notice to the Agent upon the occurrence of a
     combination, dissolution, receivership or any such similar proceedings.

7.2  Entire Agreement. This Agreement constitutes the entire agreement between
     the parties with respect to the subject matter hereof, and merges, revokes
     and supersedes all prior and contemporaneous agreements, understandings,
     arrangements, documents and communications (whether written or oral)
     between the Parties and is intended as a final expression of their
     agreement.

7.3  Amendments and Waivers. This Agreement shall not be modified or amended
     except by written agreement signed by duly authorized representatives of
     the parties. None of the provisions of this Agreement shall be deemed to
     have been waived by any act or acquiescence on the part of a party, except
     by an instrument in writing signed by such party; and no waiver of any
     provision of this Agreement shall constitute a waiver of any other
     provision(s) or of the same provision on another occasion. The failure of
     either party to enforce, or the delay by either party in enforcing any of
     its rights under this Agreement shall not preclude either party from
     commencing appropriate legal or equitable proceedings, within the time
     provided by the applicable law, to enforce any or all of its rights under
     this Agreement, and any prior failure to enforce, or delay in enforcement,
     shall not constitute a defense.

                                       3

<PAGE>

7.4  Disputes and Governing Law. This Agreement shall be construed and enforced
     in accordance with the laws of the PRC. Any disputes that arise in
     connection with this Agreement shall be litigated in courts located within
     the Pudong New Area, Shanghai, PRC.

7.5  Costs and Expenses. The Parties shall each bear their own costs and
     expenses incurred in connection with the preparation, negotiation and
     execution of this Agreement.

7.6  Counterparts. This Agreement may be executed in one or more counterparts,
     each of which shall be deemed an original, but all of which together shall
     constitute one and the same instrument. This Agreement may be executed and
     delivered by facsimile and transmission by facsimile shall be considered
     proper delivery for legal purposes.

             [The reminder of this page is intentionally left blank]

                                       4

<PAGE>

IN WITNESS WHEREOF, the Parties have executed this Agreement through their duly
authorized representatives on the date first set forth above.

CHINA MERCHANTS BANK DONGFANG BRANCH

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

SHENGQU INFORMATION TECHNOLOGY
(SHANGHAI) CO., LTD.

By:
    ---------------------------------
Name: Chen Tianqiao
Title: General Manager

                                       5<PAGE>

                                                                    EXHIBIT 4.65

                            ENTRUSTED LOAN AGREEMENT

                                                           No: _________________

     This Entrusted Loan Agreement ("Agreement") is made and entered into this
4th day of January, 2006 (the "Effective Date") by and between:

NANJING SHANDA NETWORKING CO. LTD., a corporation duly organized and validly
existing under the laws of the PRC and having its principal place of business at
Room 801, 18 F International Garden Apartment, High-Technology Area, Nanjing,
the People's Republic of China ("PRC") ("Nanjing Shanda"); and

CHINA MERCHANTS BANK DONGFANG BRANCH, a corporation duly organized and validly
existing under the laws of the PRC and having its principal place of business at
No. 902-904, Dongfang Roda, Pudong New Area, Shanghai 201203, the PRC (the
"Agent").

                                    RECITALS

     WHEREAS, Nanjing Shanda would like to provide Shengqu Information
Technology (Shanghai) Co., Ltd. ("Shengqu") with a loan through services
provided by the Agent; and

     WHEREAS, Shengqu would like to receive a loan from Nanjing Shanda through
services provided by the Agent.

     NOW, THEREFORE, in consideration of the mutual promises and covenants
contained herein and for other good and valuable consideration, the Parties
hereto agree as follows:

1.   DEFINITIONS

1.1  "Availability Period" shall mean the period commencing from December 31,
     2005 and ending on December 31, 2007.

1.2  "Business Day" shall mean any day other than a Saturday, Sunday or a legal
     holiday in the PRC.

1.3  "Event of Default" shall mean any of the events specified in Section 4.1
     below.

1.4  "Deposit" shall mean the one hundred million RenMinBi ("RMB") provided by

                                       1

<PAGE>

     Nanjing Shanda.

2.   DEPOSIT PROVISION

2.1  Deposit by Nanjing Shanda. Nanjing Shanda shall provide the Agent with the
     Deposit within one (1) Business Day prior to the date upon which the
     Available Period begins.

2.2  Delivery of the Agent. The Agent shall deliver the payment made by Shengqu
     to the account specified by Nanjing Shanda within one (1) Business Day
     after receipt of such payment.

3.   TAXES AND FEES

3.1  The Agent hereby acknowledges and agrees that, the Agent shall be
     responsible for transferring the Deposit to Shengqu.

3.2  The Agent is entitled to charge a pro rata commission on the Deposit made
     by the Agent to Shengqu in accordance with this Agreement. Nanjing Shanda
     shall bear the 0.08% commission fees paid to the Agent.

4.   EVENT OF DEFAULT

4.1  Each of the following events shall be deemed an Event of Default:

(a)  Nanjing Shanda fails to provide the Deposit under this Agreement.

(b)  Failure to Perform. Nanjing Shanda or the Agent fail to perform any of
     their other obligations hereunder.

4.2  Acceleration. At any time after the occurrence of an Event of Default and
     regardless of whether such Event of Default continues, Nanjing Shanda may
     declare the Deposit to be canceled whereupon the same shall be so canceled
     forthwith.

5.   MISCELLANEOUS

5.1  Notice and Instructions. The instructions that Nanjing Shanda delivers to
     the Agent shall include details of the entrusted loan, such as the purpose
     of the loan and the loan term. In addition, such instructions shall comply
     with the laws and regulations of the PRC. Nanjing Shanda shall send a
     notice to the Agent upon the occurrence of a combination, dissolution,
     receivership or any such similar proceeding.

5.2  Entire Agreement. This Agreement constitutes the entire agreement between

                                       2

<PAGE>

     the parties with respect to the subject matter hereof, and merges, revokes
     and supersedes all prior and contemporaneous agreements, understandings,
     arrangements, documents and communications (whether written or oral)
     between the parties and is intended as a final expression of their
     agreement.

5.3  Amendments and Waivers. This Agreement shall not be modified or amended
     except by written agreement signed by duly authorized representatives of
     the parties. None of the provisions of this Agreement shall be deemed to
     have been waived by any act or acquiescence on the part of a party, except
     by an instrument in writing signed by such party; and no waiver of any
     provision of this Agreement shall constitute a waiver of any other
     provision(s) or of the same provision on another occasion. The failure of
     either party to enforce, or the delay by either party in enforcing any of
     its rights under this Agreement shall not preclude either party from
     commencing appropriate legal or equitable proceedings, within the time
     provided by the applicable law, to enforce any or all of its rights under
     this Agreement, and any prior failure to enforce, or delay in enforcement,
     shall not constitute a defense.

5.4  Disputes and Governing Law. This Agreement shall be construed and enforced
     in accordance with the laws of the PRC. Any disputes that arise in
     connection with this Agreement shall be litigated in courts located within
     the Pudong New Area, Shanghai, PRC.

5.5  Costs and Expenses. The Parties shall each bear their own costs and
     expenses incurred in connection with the preparation, negotiation and
     execution of this Agreement.

5.6  Counterparts. This Agreement may be executed in one or more counterparts,
     each of which shall be deemed an original, but all of which together shall
     constitute one and the same instrument. This Agreement may be executed and
     delivered by facsimile and transmission by facsimile shall be considered
     proper delivery for legal purposes.

             [The Reminder of this page is intentionally left blank]

                                       3

<PAGE>

IN WITNESS WHEREOF, the Parties have executed this Agreement through their duly
authorized representatives on the date first set forth above.

NANJING SHANDA NETWORKING CO. LTD.

By:
    ---------------------------------
Name: Chen Tianqiao
Title: General Manager

CHINA MERCHANTS BANK DONGFANG BRANCH

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

                                       4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]