Document:

<PAGE>
                                                                   Exhibit 10.15

                   SOFTWARE LICENSING AGREEMENT (E-SALES 2.0)

This SOFTWARE LICENSING AGREEMENT (this "Agreement") is entered into by and
between the following Parties on December 9, 2003 in Shanghai:

Licensor:  Shengqu Information Technology (Shanghai) Co., Ltd.
           Address: Room 638-7, No. 2 Building, 351 Guoshoujing Road, Zhangjiang
           Hi-Tech Zone, Shanghai

Licensee:  Shanghai Shanda Networking Co., Ltd.
           Address: Room 402-B, 727 Zhangjiang Road, Shanghai

WHEREAS:

1.     The Licensor owns the software system known as the "E-sales System 2.0"
       (Computer Software Copyright Registration Number: SCR No. 017547).

2.     The Licensee desires to obtain the license of the software system
       mentioned above.

3.     The Licensor is willing to provide the Licensee with the license of the
       software system mentioned above.

NOW THEREFORE, the Parties, through negotiations, agree to enter into this
Agreement and the provisions are as follows:

ARTICLE 1  DEFINITIONS

The terms concerned used in this Agreement are hereby defined as follows:

1.1    "Licensed Program" means the executable processing programs of licensed
       information, which comprised various modules from the Licensed Software
       package provided by the Licensor.

1.2    "Licensed Information" means any information concerning the Licensed
       Program, which is owned by the Licensor and is licensed to the Licensee
       together with the Licensed Program. Licensed Information includes such
       information as input form, user manual, interface format and input/output
       format and is delivered to and used by the Licensee as confidential
       information or proprietary property of the Licensor.

1.3    "Licensed Software" means the E-sales System 2.0, including the Licensed
       Program and the Licensed Information.

<PAGE>

1.4    "Authorized Personnel" means the employees of the Licensee and the other
       contractors who work for the Licensee under a contract (which shall
       include confidentiality clause) entered into by and between the Licensee
       and the contractors.

1.5    "Upgraded Version" means the Licensed Software comprising of Licensed
       Program and/or the Licensed Information to which updates, enhancements,
       corrections, installations of BUG patches or other changes have been
       made. The exterior form of the Updated Version is reflected by changes to
       the version numbers. For example, in the version number 2.1.3, a change
       in the first number from left to right means the occurrence of a later
       version of the software, a change in the second number means substantial
       improvements to the software performance, and a change in the third
       number means slight improvements to the software performance.

1.6    "Designated Computer" means the computers and the upgraded computers
       thereof installed in the offices of the Licensee.

1.7    "Confidential Information" means the technical information and management
       information which are unknown to the public, can bring economic benefits
       to obligees, have practicability and are subject to the confidential
       measures adopted by the obligees, including, but not limited to, computer
       software, technical parameters, price lists, designs, software
       documentations, manuals, models and account tables.

1.8    "Agreement" means this Agreement and all the supplementary agreements and
       exhibits signed according to this Agreement.

ARTICLE 2  GRANT OF LICENSE AND LIMITATIONS

2.1    License of the Licensed Software. In accordance with the terms and
       conditions hereof, the Licensor agrees to grant to the Licensee and the
       Licensee agrees to accept a non-transferable and non-exclusive license of
       the Licensed Software, pursuant to which the Licensee shall be allowed to
       install and operate the Licensed Software only on the Designated Computer
       and to grant to its end users the right to use such software system.

2.2    Reservation of Rights. The Licensee shall not copy or duplicate the
       Licensed Software or any part thereof except for the purposes of system
       backup, testing, maintenance or recovery. The Licensee may duplicate the
       Licensed Information only for internal training provided that all the
       names, trademark rights, product names, copyright statement and other
       proprietary right statements of the Licensor are reserved. The Licensor
       reserves all rights which are not expressly granted to the Licensee in
       this Agreement.

                                       2
<PAGE>

2.3    Limitations. The Licensee shall not amend, translate, decrypt the
       Licensed Software or engage in decompilation, disassembly or any other
       acts attempting to detect the source code of the Licensed Software.

ARTICLE 3  SERVICES SUPPLIED BY THE LICENSOR

3.1    The Supply of the Licensed Program and the Licensed Information

       3.1.1  The Licensor shall, within five (5) days of the payment by the
              Licensee according to Article 5.1(a), provide the Licensee with
              the Licensed Program in the form of object code, and provide no
              less than one (1) copy of the Licensed Information.

       3.1.2  The Licensor shall, within five (5) days of the payment by the
              Licensee according to Article 5.1(b), commence to provide
              technical support and maintenance services.

3.2    Improvements and Enhancements

       If, during the term of this Agreement, the Licensee desires to add new
       functions or make enhancements to the Licensed Software, the Licensee
       shall notify the Licensor in writing and clearly indicate its
       requirements. The Licensor shall give the Licensee a written notice if it
       has been developing a new version containing such requirements or it
       agrees to satisfy the requirements proposed by the Licensee. Under such
       circumstances, the Licensee may, at its option, (1) upgrade the Licensed
       Software pursuant to the upgrade schedule when a new Upgraded Version is
       available or (2) negotiate with the Licensor in an attempt to reach an
       agreement in the development of new functions or the improvement of the
       Licensed Software.

3.3    Installation, Elementary Training and Debugging

       The Licensor shall provide the Licensee with services such as the
       installation and elementary training relating to the Licensed Software.
       If necessary, the Licensor shall in addition provide the Licensee with
       initial debugging services. Technical support and maintenance services
       shall also be provided by the Licensor after the use of the system by the
       Licensee.

3.4    Additional Training

       The Parties may reach a supplemental agreement in the event that the
       Licensee requests the Licensor to provide additional training.

                                       3
<PAGE>

ARTICLE 4  FEES

4.1    In consideration of the license granted by the Licensor of the Licensed
       Software and the services provided by the Licensor under Article 3.3
       above, the Licensee shall pay the Licensor the following fees:

       4.1.1  In terms of the grant of license by the Licensor pursuant to
              Article 2.1 and in order to ensure the completion of the
              installation of the Licensed Software, the Licensee shall pay the
              Licensor an installation fee of RMB 6,000,000;

       4.1.2  In terms of the services provided by the Licensor pursuant to
              Article 3 of this Agreement, the Licensee shall reasonably bear
              the actual expenses of the personnel of the Licensor, including
              the reasonable expenses relating to accommodation and
              transportation of the personnel of the Licensor;

4.2    From the first month after the installation of the Licensed Software on
       the Designated Computer, the Licensee shall in addition pay the Licensor
       a revenue sharing fee, the calculation formula of which is: revenue
       sharing fee = sales revenue realized by the Licensee through the use of
       the Licensed Software x 15%.

ARTICLE 5  PAYMENT

5.1    Payments of the fees under Article 4.1 and Article 4.2 above shall be
       made as follows:

       (a)    The Licensee shall pay the Licensor 50% of the installation fee
              within three (3) days of the effective date of this Agreement;

       (b)    The Licensee shall pay the Licensor the remaining 50% of the
              installation fee within five (5) days of the provision of the
              Licensed Software by the Licensor according to Article 3.1;

       (c)    Subsequent to the installation and formal operation of the
              Licensed Software, the Licensee shall pay the Licensor revenue
              sharing fee on a monthly basis, and payment of the revenue sharing
              fee of each month shall be made within fifteen (15) days of the
              end of such month.

5.2    Any delay of payments hereunder shall be subject to an overdue payment
       equivalent to 0.04% of the delinquent amount for each day on which the
       payments remain delinquent.

ARTICLE 6  PROTECTION AND CONFIDENTIALITY

6.1    The Licensee agrees to protect the Confidential Information disclosed by
       the Licensor by using the same degree of care, but no less than a
       reasonable degree of care, as the Licensor uses to protect its own
       similar confidential information. Without the written

                                       4
<PAGE>

       consent of the Licensor, the Licensee shall not copy, or disclose the
       Confidential Information to any third party or permit any third party to
       use such Confidential Information.

6.2    The Licensor hereby represents that the Licensed Software has been
       developed by the Licensor by investing a great amount of funds, contains
       various proprietary trade secrets and is proprietarily owned by the
       Licensor. Hence, the Licensee agrees that, without the express written
       approval of the Licensor, it will not engage in any of the following
       activities:

       (a)    to provide all or any part of the Licensed Software to any party
              other than the Authorized Personnel;

       (b)    to make, have made, or license any third party to make, any copy
              of the Licensed Software, except for the backup of a Licensed
              Program and certain copies of the Licensed Information which are
              necessary to be used by the Authorized Personnel when such
              Authorized Personnel accept training and use the Licensed Software
              upon approval;

       (c)    to disclose or permit the disclosure of the Licensed Software to
              any third party, except for the disclosure of Licensed Software to
              the Authorized Personnel necessary for enabling the Authorized
              Personnel to use the Licensed Software.

       The limitations mentioned above shall apply to any software system
       containing the Licensed Software, notwithstanding that such software
       system may contain software which belongs to the Licensee.

6.3    Upon termination of this Agreement, the Licensee shall remove the
       Licensed Program from the designated CPU, and return the Licensed Program
       to the Licensor, together with all copies of the Licensed Program which
       have been supplied to the Licensee by the Licensor or copied by the
       Licensee.

6.4    The provisions of this Article 6 shall not apply to the information which
       (1) is in the public domain; (2) has been acquired by the Licensee by
       normal means upon the disclosure of the information by the Licensor; (3)
       is duly obtained by the Licensee directly or indirectly from a third
       party who has independently developed the information and is entitled to
       disclose the information to the Licensee, and such disclosure does not
       directly or indirectly violate the confidentiality obligation of such
       third party.

       Likewise, the provisions of this Article 6 shall not apply to such
       information which, after the receipt of the information by the Licensee,
       the information becomes the information in the public domain not as a
       result of negligence of the Licensee.

                                       5
<PAGE>

6.5    This Article 6 shall survive the termination of this Agreement and will
       remain valid after all or part of the license granted to the Licensee is
       terminated and the Licensee has returned to the Licensor all Confidential
       Information pursuant to Article 6.3.

6.6    In case of any breach of Article 2.3 and/or Article 6 by the Licensee,
       the Licensee shall compensate the Licensor for all the losses incurred by
       the Licensor arising out of such breach.

ARTICLE 7  WARRANTIES ON PERFORMANCE

The Licensor warrants that upon the installation of the Licensed Software on the
Designated Computer, the Licensed Software will conform to the specifications as
set forth in the Licensed Information. However, the said warranty shall be
revoked in the event that any person other than the Licensor and its agents make
any amendment or change to the Licensed Software in any manner.

ARTICLE 8  LIMITATION OF LIABILITY

8.1    The express warranties provided herein is the only warranties made by the
       Licensor in respect of the Licensed Software and will supersede all other
       express or implied warranties, including but not limited to any
       warranties of marketability and warranties for any special purpose.

8.2    Unless otherwise provided in this Article 8 , the only remedy available
       for the Licensee upon any damages or losses arising out of the Licensor's
       breach of warranties hereunder, or the Licensor's negligence or violation
       of other responsibilities will be, at the option of the Licensor, to
       amend the Licensed Software, or replace the Licensed Software with a
       system having equivalent functions, or to refund the part of license fees
       corresponding to the faulty part of the Licensed Software and services
       provided by the Licensor under this Agreement. If there is a malfunction
       of any part of the Licensed Software and the Licensor decides to refund
       the license fees, the Parties may terminate this Agreement upon mutual
       agreements.

8.3    If a malfunction of the Licensed Software occurs solely due to the
       material negligence or intentional action of the Licensor in relation to
       the provision of information, materials or services, then the liability
       of the Licensor shall include any incidental, consequential, or special
       damages whatsoever, including but not limited to interruption of work,
       loss of profits, any claims or requests by any third party arising out of
       such malfunction, or all other commercial damages or losses. However, the
       said liability of the Licensor shall in no event exceed the total license
       fees paid by the Licensee to the Licensor under this Agreement. Any
       breach of warranty as set forth in Article 9 by the Licensor shall not be
       subject to this Article 8.3.

                                       6
<PAGE>

8.4    If the Licensed Software is disclosed to any third party or used by any
       unauthorized party solely due to the material negligence or intentional
       action of the Licensee and such disclosure does not constitute an
       exception to the Licensee's non-disclosure obligations set forth in
       Article 6.2 hereof, then the Licensee shall bear all damages and losses
       incurred by the Licensor. In any event the Licensee shall assume the
       liability to the Licensor arising out of said disclosure or unauthorized
       use of the Licensed Software, no matter whether or not the total
       liability exceeds the license fees of the Licensed Software as set forth
       in Article 4.1.1 hereof.

ARTICLE 9  WARRANTIES OF ORIGINALITY

9.1    The Licensor warrants that the Licensed Software does not infringe any
       copyright, patent or trademark or proprietary information of any third
       Party.

9.2    In the event of any legal proceedings or claims brought by a third party
       against the Licensee alleging an infringement of any PRC copyright,
       patent or trade secrets owned by such third party in connection with the
       use of the Licensed Software or any part thereof within the scope of the
       license hereunder, the Licensor will reimburse the Licensee any cost,
       expense and loss and the litigation fees and attorney fees payable by the
       Licensee in accordance with the final judgement, provided that (a) the
       Licensee promptly inform the Licensor of the claims relating to said
       infringements, (b) the Licensee grants full authorization to the Licensor
       and provide the Licensor with all information and assistance necessary
       for enabling the Licensor to defend the claims, and (c) the Licensor has
       full control over the defense against the claims and the compromise and
       settlement of the claims.

9.3    If the Licensee's use of the Licensed Software infringes or, in the
       Licensor's opinion, is likely to upon the copyright, patent or trade
       secrets alleged by the third party in the above mentioned claims, the
       Licensor shall be entitled to adopt any measures to enable the Licensee
       to continue to use the Licensed Software, or the Licensor may replace it
       with substitutes or modify the Licensed Software so that it will be free
       of infringement and at the same time achieving the equivalent function as
       the Licensed Software.

9.4    Notwithstanding any provisions herein, the Licensor shall not be liable
       for infringement of copyright, patent or trade secret arising out of any
       of the following circumstances:

       (a)    The latest version of the Licensed Software, which is free of the
              said infringement, has been provided to the Licensee for free
              without any changes, and the Licensee still uses other versions;

       (b)    The program and data of the Licensed Software has been provided to
              the Licensee based on extensive studies. The licensee uses the
              Licensed Software together with other program or data, and had the
              Licensee not done so, the said infringement

                                       7
<PAGE>
              would have been avoided. However, the Licensee fails to avoid the
              use of the Licensed Software together with other program and data;

       (c)    The Licensee uses the Licensed Software in systems other than the
              designated CPU operating system.

ARTICLE 10 TERM AND TERMINATION; RIGHTS AND OBLIGATION PRIOR TO THE TERMINATION
OF THE AGREEMENT; FOLLOW-UP WORK

10.1   The term of this Agreement shall be two (2) years from the date on which
       this Agreement is entered into and executed by all parties hereto. During
       the term of this Agreement the Licensee shall not unanimously terminate
       this Agreement.

10.2   This Agreement will be automatically renewed for one (1) year until
       terminated by the Licensor by serving a thirty (30) days notice to the
       Licensee of its intent to terminate this Agreement at the end of the term
       hereof or the then-current term of this Agreement.

10.3   In the event that the Licensee breaches any provision of this Agreement,
       then the Licensor may, in addition to any remedies available and if it
       deems to be necessary, terminate all the rights granted to the Licensee
       under this Agreement by giving the Licensee a two (2) months prior
       written notice stating the breach of the Licensee, unless the Licensee
       has remedied the breach to the satisfaction of the Licensor or the
       Licensee has been making continuous endeavor to remedy the breach to the
       satisfaction of the Licensor during the period stated in said notice.

10.4   This Article 1004 is subject to Article 9.3. In the event that this
       Agreement is terminated, the Licensor is not obliged to refund any
       payments made by the Licensee hereunder and the Licensee shall promptly
       make payment of all amounts payable to the Licensor under this Agreement.
       In addition, the Licensee shall, within thirty (30) days of the
       termination of this Agreement, return all documents supplied by the
       Licensor or relating to the Licensed Software to the Licensor, and the
       Licensee shall list out all the unused Licensed Software packages which
       are put in any memory units and recorded in any media. The Licensee may
       keep a copy of the Licensed Software package provided that it shall only
       use such package for filing purpose. During the term of this Agreement,
       the Licensor is entitled to inspect the use of the Licensed Software by
       the Licensee at any time so as to verify the compliance of the said
       obligation of the Licensee.

10.5   In the event that a dispute relating to whether the Licensee is in breach
       of this Agreement occurs, the Licensee shall not be requested to waive
       the right of control to the License Software or any part thereof, until a
       court judgment has been obtained and no party appeal to that judgment.

                                       8
<PAGE>

10.6   No change of owner shall be made by the Licensee. Upon any change of the
       owner of the Licensee, the Licensor may terminate this Agreement by
       providing the Licensee with a thirty (30) days prior notice.

10.7   Upon the termination hereof, the Licensee shall return all the Licensed
       Software to the Licensor.

ARTICLE 11 APPLICABLE LAWS

This Agreement shall be governed by the laws of the People's Republic of China.

ARTICLE 12 AMENDMENT OF THE AGREEMENT

No variation of or supplement to this Agreement shall be effective unless the
Parties have agreed in writing and have respectively obtained the required
authorizations and approvals (including the Licensor shall obtain an approval
from the audit committee or other independent institution, which has been
established under the Sarbanes-Oxley Act and the NASDAQ Rules, of the board of
directors of Shanda Interactive Entertainment Limited, the Licensor's overseas
holding company).

ARTICLE 13 DISPUTE RESOLUTION

Any disputes arising out of or in relation to the performance of this Agreement
shall be settled by both Parties hereof through negotiations, and if no
settlement is reached through negotiations, any Party may bring a legal
proceeding against the other Party in the people's court where the Licensor is
dwelled.

ARTICLE 14 GENERAL PROVISIONS

14.1   This Agreement and the exhibits hereof signed by the Parties constitutes
       the entire agreement between the Parties hereto with respect to the
       subject matter hereof, merges all discussions between them and supersedes
       and replaces any and every other prior or contemporaneous agreement,
       understanding or negotiation that may have existed between the Parties.
       No amendment to this Agreement shall be effective until the Parties
       mutually agree in the form of a written instrument. Headings used herein
       are for convenience only, are not part of this Agreement, and shall not
       be used in construing it.

14.2   The Licensee agrees that it will incorporate the name of the Licensed
       Software and the following wordings into all publications which mention
       the Licensed Software or the name of the Licensor --- This Licensed
       Software is proprietarily owned by the Licensor.

14.3   Any notice, payments or other communication to be given in connection
       with this Agreement shall be in writing. If any communication is
       personally delivered, then the

                                       9
<PAGE>

       delivery date shall be the date on which the recipient actually receives
       the communication. Any communication transmitted by mail shall be made by
       registered mail or courier services, and shall be delivered to the
       addresses as set forth in the first paragraph hereof, or to other
       addresses provided by a Party to the other Party in writing.

14.4   No provision hereof or expression herein shall be deemed as a waiver of
       rights by any Party, and no consent to a breach of any Party shall be
       deemed to be an exemption of liabilities of the other Party, unless the
       Party having such rights acknowledges such waiver or exemption in
       writing. A Party's express or implicit consent to or waiver of the right
       of requesting the defaulting Party to assume defaulting liabilities for a
       breach of hereof shall not operate as a consent, waiver or exemption of
       requesting the defaulting Party to assume liabilities for other breaches
       or any breaches hereof in the future.

14.5   This Agreement shall be in two (2) counterparts, of which each Party
       shall hold one. This Agreement shall be effective on the date on which it
       is signed by the authorized representatives of both Parties hereof.

IN WITNESS WHEREOF, the Parties have each caused this Agreement to be executed
and delivered by a duly authorized representative as of the date first written
above.

[REMAINDER OF THE PAGE HAS INTENTIONALLY LEFT BLANK]

                                       10
<PAGE>

[EXECUTION PAGE]

Licensor:  SHENGQU INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD.

           -----------------------------------------
           Signature of the Authorized Representative:

Licensee:  SHANGHAI SHANGDA NETWORKING CO., LTD.

           -----------------------------------------
           Signature of the Authorized Representative:

                                       11<PAGE>
                                                                   Exhibit 10.16

Sample of Provincial General Distribution and City-level Distribution Agreement

              SHANDONG ONLINE SALES REGIONAL DISTRIBUTION CONTRACT

       Party A: _____________________________

       Address: _____________________________

       Party B: Shanghai Shanda Networking Co., Ltd.
       Address: 21/F, Huarong Building, No.1289, Pudong South Road,
                Pudong New District, Shanghai

This contract ("this Contract") was signed by authorized representatives of both
parties on June 1st, 2003, in Pudong New Area, Shanghai, China.

WHEREAS:

1.    Party A is an enterprise which provides the services of selling software,
      and is willing to cooperate with Party B to launch the online sales
      services for non-logistics rechargeable card of the relevant products in
      the designated territory;

2.    Party B is an enterprise which mainly engages in the operation and sales
      of domestic and overseas computer games, relevant software and products,
      and has developed and maintained an online sales system for all kinds of
      rechargeable cards;

3.    On the basis of their specialties, both parties are willing to cooperate
      and Party A is willing to use the relevant online sales system of Party B
      to launch non-logistics online sales within the territory as agreed upon.

IN WITNESS HEREOF, in order to jointly develop the online game market, provide
users with more relevant services, and fully perform the advantages of both
Parties A and B, both Parties have, through friendly negotiations, and in
pursuant to the requirement of relevant laws and regulations of the People'
Republic of China (the "PRC"), reached the following agreement on the
development of non-logistics online sales within the said territory and they
have mutually agreed upon:

                        Article 1--Terms and Definitions

1.1      Definition of "Online Sales" as referred to herein is: a sales mode
         that collects the "service fees for online game information" from users
         by means of "non-logistics rechargeable card" (hereafter as "virtual
         card") and through the online sales system developed and displayed by
         Party B at the time of execution hereof, where users shall obtain a
         rechargeable card account and password

<PAGE>
         through the network directly instead of by way of logistics. Use of any
         other sales channels, including, but not limited to, the offline sales
         of material rechargeable card (hereinafter as "material card"), online
         purchase by bank card, and the selling activities through the sales
         channel of China Telecom, China Mobile, China Unicom, CNC, Great Wall
         Broadband and any other sales channel will not be included in the
         scope of online sales as stipulated herein;

1.2      "Relevant Products of Party B" refer to rechargeable card and other
         relevant products of all kinds of online games and other relevant
         online entertainment products that are distributed by Party B as agent,
         specific contents to be clarified by the appendix hereto;

1.3      "Online Sales System" refers to internet-based online sales system
         developed and expressly owned by Party B and that is specialized for
         online sales of all kinds of rechargeable cards, including relevant
         webpage, program and technical support services;

                  Article 2--Project and Content of Cooperation

2.1      Content of cooperation: Party A will make use of the Online Sales
         System developed by Party B to become a regional distributor of the
         Relevant Products of Party B in the designated sales territory (see
         Article 2.3) in the sales mode stipulated in Article 2.2. Party B shall
         not confer any distribution right of such Online Sales in the said
         territory to any third party, and Party A shall have the right to
         develop distributorship in the said territory. Party A undertakes not
         to sell in any regions beyond the said territory, failing of which the
         "Management Regulations for Regional Distributor of Online Sales
         System" (Appendix 1) shall apply; and at the same time, Party B has the
         right to terminate this Contract at any time, and withhold the sales
         deposit money stipulated herein for compensation.

2.2      Sales Mode: Party A may adopt the sales mode of non-logistics Online
         Sales as stipulated in Article 1.1, and shall not engage in any
         non-network sale and any web sales mode concerning specific logistics;
         Party A is authorized to use the Online Sales System provided by Party
         B. If Party A uses any sales mode other than those stipulated above
         (including, but not limited to, the sales activities using sales
         channels other than the Online Sales System of Party B), Party B has
         the right to terminate this Contract at any time and withhold the sales
         deposit money stipulated herein for compensation.

2.3      Territory: Both parties agree that Party A may use the relevant Online
         Sales System, and the territorial scope of the operation of the Online
         Sales of the Relevant Products of Party B is the Shandong Province, and
         Party A shall at the same time guarantee the truthfulness of the
         information of its lower level distributors, and shall guarantee that
         the region of sale of its distributors does not exceed the above
         Territory, or else Party A and its lower level distributors shall be
         jointly and severally liable for any breach of this Contract by its
         lower level distributors.

2.4      Both parties agree that for all other online entertainment products
         distributed by Party B, Party A has the intention to use the relevant
         Online Sales System provided by Party B. For the cooperation of
         specific products, relevant appendix shall be signed between both
         parties for confirmation.

                                       2
<PAGE>

2.5      Both parties undertakes, in the process of cooperation, to make use of
         their respective advantages (including product resources, service
         capability, technological capability and market resources, etc.) to
         jointly promote the development of online entertainment industry, so
         that both parties will benefit from the cooperation;

                      Article 3--Time and Method of Payment

3.1    As an online regional distributor in the Territory designated in Article
       2.3, Party A agrees to use the relevant Online Sales System, and
       guarantees that it will distribute Party B's Online Sales products of
       "Shanda Online Game Card" for a minimum of RMB2,080,000 per month; at the
       same time, the inventory at the general distribution account of Party A
       (computed by equivalent sales amount) shall not be less than 25% of the
       total monthly quantity of general distribution (computed by the monthly
       sales quantity as stipulated herein). If the total distribution amount
       for products stipulated herein does not reach the minimum amount as
       stipulated herein, or the quantity of inventory is less than the
       percentage as stipulated above, and such shortage is not rectified within
       3 business days, in any of the above conditions, Party B has the right to
       terminate this Contract, and withhold the sales deposit money as
       stipulated herein for compensation.

3.2    Unless otherwise stipulated herein or between both parties, both parties
       agree that the mode of payment is delivery upon payment, i.e., each time
       when Party A buys products from Party B during the period hereof, Part A
       shall notify Party B in writing of the type and quantity of the relevant
       products, and shall settle all payment in lumpsum on the basis of the
       product settlement price (see appendix of relevant products) as
       stipulated between both parties. Party B shall, within 2 business days
       upon confirming that the payment of Party A has arrived to its account,
       provide relevant products in relevant quantities to Party A for
       distribution, and shall present corresponding sales tax invoice to Party
       A.

3.3    If Party B needs to make adjustment to the sale price of relevant
       products of the Contract, it shall give a 2 weeks prior notice to Party
       A by appropriate means.

3.4    Party A shall strictly abide by the sales price strategy designated by
       Party B for the relevant products, Party A shall not sell products to end
       users at prices lower than the average sales price in the market or sell
       products at prices lower than the cost of Party A, and shall not sell
       products at prices higher than recommended retail prices stipulated by
       Party B. In violation of the above, Party B has the right to terminate
       this Contract, and withhold the sales deposit money as stipulated herein
       for compensation.

3.5    Party A shall, within 5 business days of the signing of this Contract,
       pay a one (1) month purchase price to Party B in lumpsum in the amount as
       stipulated in Article 3.1, and shall pay the sales deposit as stipulated
       in Article 9.1 hereof, or else Party A shall be deemed as breaching this
       Contract.

                                       3
<PAGE>

                     Article 4--Rights and Responsibilities

To perform the content of cooperation as stipulated in Article 1 hereof, both
parties agree that their rights and liabilities are as follows:

4.1   Rights and responsibilities of Party A:

      1)   Party A shall be responsible for Online Sales and promotion of the
           products of Party B within the Territory. Under the condition that
           Party B does not breach this Contract, Party A shall not, without any
           reason, terminate the performance hereof; Party B shall ensure that
           Party A is the exclusive online regional distributor within the
           Territory as stipulated herein;

      2)   Party A shall ensure that the payment for products reaches the
           account of Party B on a timely basis, and shall actively pay taxes to
           taxation authorities. Party A shall take all responsibilities for
           complaints and disputes arising from the sales activities of Party A,
           as well as improper management of the sales mode of its lower level
           distributors. Party A shall not request for returning the products;

      3)   Party A shall, in its cooperation with Party B, strictly abide by the
           mode of Online Sales as stipulated in Article 2.2 hereof, and shall
           not engage in sales activities in any other forms (including, but not
           limited to, the provision of distributors or dealers' IDs to
           distributive websites for online game cards that are not authorized
           by Shanghai Shanda Networking Co., Ltd.);

      4)   Party A shall, in the entire process of distribution, strictly abide
           by the price strategy as designated by Party B, shall not, without
           the consent of Party B, raise or decrease the sale prices of the
           products of Party B, not to make use of the advantage of the prices
           due to exclusive distribution to request its lower level distributors
           to sell other game products;

      5)   Party A has the responsibility not to disclose to any third party the
           discount standard, price standard sales quantity and any other
           relevant information of the agreement between both parties;

      6)   Party A shall make use of its promotional channels and other market
           resources to actively promote this cooperative project, and shall not
           make use of its distributive rights of this product to require its
           lower level distributors to publicize, promote and sell other online
           game products;

      7)   Party A shall, upon the request of Party B, provide necessary working
           personnel, and shall ensure that they perform their corresponding
           duties. Particulars of which shall be implemented in accordance with
           Appendix 3 attached hereto;

      8)   To effectively complete the channel coverage of corresponding sales
           region, Part A must reasonably provide and establish corresponding
           distributors in the Territory. To accomplish the best coverage, Party
           B may, under the condition of not affecting the market coverage,
           require Party A to make adjustment to the distribution and setup of
           distributors in the Territory, and the distribution personnel and
           their authorities shall be defined after adjustment;

      9)   Party A shall fully and unconditionally perform the "Management
           Regulations for Regional Distributor of Online Sales System"
           (Appendix 1), where Party B reserves the right to amend, enlarge and
           interpret the Rule;

      10)  Party A warrants to cooperate with the relevant arrangement of Party
           B, actively promote

                                       4
<PAGE>

           and assist the construction of relevant service agencies within the
           Territory, particular of which are to be further negotiated between
           both parties.

4.2   Rights and responsibilities of Party B:

      1)   Party B shall be responsible for providing Party A the relevant
           products and the right of exclusive online distribution within the
           Territory. The third-party distributor in the Territory shall contact
           the regional distributor, and buy products on the basis of the price
           standards and sales policy established by it; under the condition
           that Party A has no defaulting activities, Party B shall not, without
           any reason, terminate the performance hereof;

      2)   Party B shall, during the period of cooperation, provide necessary
           technological support to ensure that Party A can use the relevant
           Online Sales System to sell the relevant product of virtual card;

      3)   Party B shall ensure normal operation and maintenance of relevant
           products, and shall take responsibilities for complaints and
           disputes arising from the online game itself;

      4)   Party B shall be responsible for customer service agencies of
           relevant products, and to answer questions of the customers (players)
           in using the game;

      5)   The content of the online game provided by Party B shall not be in
           violation of any provisions of the relevant state laws and
           regulations;

      6)   Party B shall make use of its promotional channels and other market
           resources to actively promote this cooperation project.

                         Article 5--Term of the Contract

5.1   This Contract shall become effective as of the date of execution by both
      parties, and for a term of half a year. If any party presents ideas for
      modification, such party shall, at least one month prior to the expiration
      date hereof, present its idea for mutual negotiations on relevant details.

                           Article 6--Confidentiality

6.1   Party A warrants to keep confidential the commercial secrets relating to
      the Online Sales System, including, but not limited to, distributors
      participating in the Online Sales System, list and contact details of
      distributors, internal function and user's manual of the Online Sales
      System, internal management policy and internal management policy of the
      Online Sales System. And Party A shall be liable for any breach.

6.2   Both Parties A and B shall mutually take all necessary steps to take
      confidentiality measures for the commercial secrets acquired from the
      other party in the cooperation so as to prevent commercial secrets from
      being disclosed, used publicly or obtained by any unauthorized party.
      Party A shall not disclose the Online Sales System provided by Party B to
      unauthorized party. Once such activity is discovered, Party B has the
      right to terminate this Contract, and claim relevant economic and legal
      compensation from Party A, including, but not limited to, withholding the
      sales deposit money as stipulated herein for compensation.

                                       5
<PAGE>

6.3   The party that acquires such commercial secrets (hereinafter as the
      "Acquirer") shall do the following with respect to the commercial secrets
      acquired from the party who provides such commercial secrets (hereinafter
      as the "Provider" ): (i) Not to make partial or full reproduction or
      copying of the commercial secrets without the authorization of the
      Provider, and without the approval under this Contract; (ii) Return all
      commercial secret to the Provider upon termination of this Contract, or
      destroy the commercial secret with the written consent of the Provider.

6.4   The Acquirer shall use the commercial secrets only within the scope as
      stipulated herein. Further, the Acquirer shall cause, or have already
      caused, its employees and advisors to sign a contract with essentially the
      same confidentiality clause as this Article 6.4.

6.5   Both parties agree to keep strictly confidential the quantity of products,
      product settlement price and other sensitive information involved in the
      cooperation; if the above information is disclosed by a party in default,
      the defaulting party shall be liable to pay damages.

6.6   This article shall continue to have effect within 1 year after the
      expiration of this Contract.

                     Article 7--Termination of the Contract

7.1   Unless stipulated by law or terminated in accordance with Articles 2.1,
      3.1, 3.4, 10.3 or 10.4 hereof, this Contract shall be terminated
      immediately in the case of one of the followings:

      1)   The relevant business qualifications of either Party A or Party B
           have been nullified or cancelled by government authorities;

      2)   Party A or Party B violates the representations and warranties made
           in Article 8 hereof;

      3)   Either party enters into bankruptcy or liquidation proceedings
           voluntarily or initiated by third parties;

      4)   In cases where either party violates any provisions hereto, and fails
           to take measures to rectify such violation within five (5) days from
           the date when the other party notifies it in writing of its default;

      5)   If, without any reason, a party delays in performing this Contract,
           and fails to take measures within 5 days upon the other party's
           notification in writing of such delay, then the other party has the
           option to request the defaulting party to continue to perform this
           Contract or to terminate this Contract. If the defaulting party still
           fails to perform this Contract, then the other party can still
           terminate the Contract and the defaulting party shall be liable for
           any economic losses.

7.2   Either party hereof shall not be liable for any losses incurred by the
      other party due to the failure or delay in performance of this Contract
      for reasons of force majeure. In the case of force majeure, the affected
      party shall notify the other party in the quickest manner possible, and
      shall present documents duly evidencing the occurrence of the force
      majeure event within 15 days upon the occurrence of such force majeure
      events. The affected party shall act actively to minimize and mitigate any
      losses that may be resulted from the failure or delay in performance of
      this Contract. The delay in performance of its duty due to force majeure
      shall be the same as the time of the

                                       6
<PAGE>

      continuation of the force majeure.

7.3   Force majeure refers to events that are unforeseeable, and whose
      occurrence and consequence cannot be avoided and cannot be overcome. In
      view of the special features of the network, force majeure shall include,
      but not limited to, the following that affects normal operation of the
      network:

      1)   Hacker attack, invasion or outbreak of computer virus;

      2)   The computer system is damaged, paralyzed or cannot be normally used,
           which causes the loss of information and record to the extent where
           Party B becomes unable to provide the sales service;

      3)   Major influences caused by technological adjustment of the
           telecommunications department;

      4)   Temporary closure caused by management of the government.

      5)   Other reasons not attributable to Party B or its carriers.

7.4   In the case of termination of this Contract on the basis under this
      Article 7, the non-defaulting party may ask the defaulting party to take
      the liabilities and compensate its losses; the scope of compensation shall
      include all economic losses caused by the defaulting party.

                    Article 8--Representations and Warranties

8.1   Representations and warranties of Party A:

      1)   Party A is a limited company duly established in accordance with laws
           officially promulgated in China. The signatory of Party A has
           obtained sufficient and valid approval and authorization;

      2)   Party A has the qualification for engaging in the sales activities as
           stipulated herein;

      3)   The execution and performance hereof by Party A conforms to the
           provisions of relevant laws and its articles of association;

      4)   This Contract constitutes valid, binding and enforceable legal
           obligations on Party A;

      5)   The execution and performance hereof by Party A needs no approval of
           or filing with any third party;

8.2   Representations and warranties of Party B:

      1)   Party B is a limited corporation duly established in accordance with
           laws officially promulgated in China. The signatory of Party B has
           obtained sufficient and valid approval and authorization;

      2)   The execution and performance hereof by Party B conforms to the
           provisions of relevant laws and its article of association;

      3)   This Contract constitutes valid, binding and enforceable legal
           obligations on Party B;

      4)   The execution and performance hereof by Party B needs no approval of
           or filing with any third party;

                                       7
<PAGE>

      Article 9--Computation Method for Damages or Compensation for Losses

9.1      To ensure effective development of the cooperation between both
         parties, Party A agrees to pay to Party B in lumpsum 50% of the monthly
         sales amount as stipulated in Article 3.1 as the sales deposit money
         for this cooperation within 5 business days upon execution of this
         Contract, and such payment shall be refunded to Party A in full upon
         completion of this Contract.

9.2      If, in the course of the project, any party violates any terms of this
         Contract or terminate the Contract without any valid reason, such party
         shall be liable for breach of contract. Apart from being compensated
         any direct economic losses by the defaulting party, the non-defaulting
         party may reserve the right for further pursuit of such
         responsibilities.

9.3      Apart from the defaulting activities and defaulting responsibilities as
         stipulated in Articles 2.1, 3.1, 3.4, 3.5, 10.1, 10.2, 10.4 and 10.5,
         the defaulting party of other defaulting activities shall immediately
         terminate its defaulting activities upon the written notice from the
         non-defaulting party, and shall, within 10 days, compensate all losses
         incurred by the other party (including direct loss, indirect loss and
         all reasonable expenses and costs incurred thereby).

9.4      If the defaulting party continues to perform its defaulting activity or
         fails to perform the said obligations, apart from acquiring the
         compensation for relevant losses from the defaulting party, the
         non-defaulting party may also notify the defaulting party in writing to
         terminate this Contract prior to the expiry of its term.

9.5      In the case where Party A breaches this Contract, Party B may take,
         including, but not limited to, the following measures: immediately
         terminate this Contract, temporarily suspend the supply of products to
         Party A, seal products already sold to Party A, withhold sales deposit
         money as stipulated herein for compensation, directly supply products
         to a third party in the Territory, cancel the sales award to Party A.
         Party A has no objection to this, and Party B shall be liable under
         this Contract.

                  Article 10 Clauses of Anti-Unfair Competition

To avoid possible unfair competitions that may arise, both parties agree to the
following:

10.1     For competing online game products which began commercial operation or
         charging fees after January 1st, 2003 and which are not distributed by
         Party B as agent, if Party A decides to sell or to carry on other
         distribution agency activities for such products, Part A shall, 1 week
         prior to the actual agency and distribution of such products commence,
         notify Party B in the manner stipulated herein; if Party A commences to
         operate other online game products (no matter whether a contract has
         been signed or not) without notifying Party B, Party A shall be deemed
         to be in default hereof, where Party B shall have the right to act in
         accordance with Article 9 hereof.

10.2     For competing products (refers to products stipulated in the Anti-
         Unfair Competition Law that

                                       8
<PAGE>

         infringe the interests of Party B, or other products that have disputes
         with the Relevant Products of Party B with regard to intellectual
         property right or trademark) that seriously harm the interests of
         Party B, any units engaged in the sale, promotion and marketing of the
         said competing products or distributors that are engaged in the sale,
         promotion and marketing of the said competing products under different
         names, and such units or distributors have close property right
         relationship with Party A or major responsible people of Party A,
         Party B shall have the right to deem Party A in default of this
         Contract, and shall take action in accordance with Article 9 hereof.

10.3     Unfair competitive activities referred to in this Article 10 include,
         but not limited to, the following types:

         1)  Intentional disclosure of the commercial secrets between both
             parties;

         2)  Make use of the right of product distribution provided herein to
             inappropriately obtain interests for its own benefits;

         3)  Viciously violate the sales policy designated by Part B, to dispose
             of or viciously circulate the relevant products;

         4)  To promote to the users and distributors in a harmful way;

         5)  Bribe to, soliciting, or threatening in any manner the staff of
             Party B or other distributors; and

         6)  Other activities that are against commercial regulations and state
             laws and regulations.

10.4     If, during the term of this Contract, Party A commits any unfair
         activities as stipulated in Article 10.2, Party B has the right to deem
         Party A as breaching this Contract, regardless of whether actual loss
         has been incurred by Party B or not, and Party B shall take action in
         accordance with the stipulation of Article 9 hereof.

10.5     If, during the term of this Contract, Party A fails to perform
         stipulations of Article 10.1 without notifying Party B in a correct
         manner or it fails to buy the sales quantity as stipulated herein on a
         timely basis, then Party B may, after confirming the corresponding
         sales activities of Party A, have the right to deem Party A as
         breaching this Contract, and shall take action in accordance with
         Article 9 hereof.

10.6     In the case of the occurrence of Articles 10.4 and 10.5, Party B has
         the right to take further actions in accordance with corresponding
         stipulations of Article 7 and Article 9.

                            Article 11--Miscellaneous

11.1   Both parties understand and agree that both parties to this Contract are
       independent. This Contract shall not be considered as the creation of
       partnership or joint venture between the parties.

11.2   Both parties agree that Party A is the exclusive online regional
       distributor within the Territory. This Contract has exclusive
       stipulations where Party B shall not grant the right of operation to a
       third party in the Territory within the term of this Contract.

11.3   Without written confirmation by both parties hereof, neither party shall
       transfer the whole or any

                                       9
<PAGE>

       part of this Contract in any form or manner.

11.4   Any notice as required or allowed herein shall be made in written forms
       and shall be sent to the other party to its respective address as
       stipulated herein by mail or fax. The notice shall become effective as of
       the date of receipt.

11.5   Manner of delivery of the relevant products: both parties agree to make
       use of the method in the relevant Online Sales System provided by Party
       B.

11.6   For all relevant data materials involving the Online Sales System, both
       parties agree to use and rely on the corresponding server datas provided
       by Party B;

11.7   Appendices hereof shall have the same legal effect as this Contract.

11.8   If there are matters not included in the performance hereof, or, if due
       to business development, there is a need to supplement, alter or modify
       this Contract, both parties or any party may present suggestions. After
       both parties agreed to the amendment, they may prepare for the
       supplementation, alteration or modification in writing. Such
       supplementary document shall have the same legal effect as this Contract.

11.9   If any part of this Contract is deemed to be invalid or unenforceable,
       such invalidity and unenforceability shall not affect the validity and
       enforceability of other clauses or any part of the other clauses.

11.10  Establishment, effect, interpretation, performance and settlement of
       disputes of this Contract shall be governed by laws of the PRC. In the
       event of any dispute which may arise from this Contract, or the
       performance of this Contract, both parties shall seek settlement through
       friendly negotiations, failing of which any party shall have the right to
       submit such dispute to the people's court of the place of this Contract.

11.11  This Contract shall become effective when signed and sealed by authorized
       representatives of both parties. After this Contract becomes effective,
       any agreement in relation to the Online Sales of online game products
       signed between both parties prior to the effective date of this Contract
       shall be terminated. Both parties shall strictly abide by the
       stipulations hereof to perform all rights and liabilities stipulated
       herein.

11.12  This Contract is written in Chinese, with both parties holding one copy
       each, and these 2 copies shall have the same legal effect.

[The remainder of this page has been intentionally left blank]

                                       10
<PAGE>

IN WITNESS HEREOF, both parties have authorized their designated representatives
to sign this contract on the date in the first page hereof.

Party A:
(Common seal):
Legal address:
Contact Address:
Postal code:
Tel:
Fax:
Legal representative:
(Authorized representative):
Date of signature:

Party: Shanghai Shanda Networking Co., Ltd.
(Common seal):
Legal address:
Contact address: 21F, Huarong Building, No.1289, Pudong South Road,
Pudong New District, Shanghai
Postal code: 200122
Tel: (021)-50504720
Fax: (021)-50504720-8088
Legal representative:
(Authorized representative):
Date of signature:

                                       11
<PAGE>
    Appendix 1:

     MANAGEMENT REGULATIONS FOR REGIONAL DISTRIBUTOR OF ONLINE SALES SYSTEM
                      SHANGHAI SHANDA NETWORKING CO., LTD.
               (Version 2.0, Date of publication: June 1st, 2003)

To ensure normal operation of the online sales system, maintain the interest of
all online distributors, and strengthen the stability and security of the online
sales system, Shanghai Shanda Networking Co., Ltd. (hereinafter as "Shanda") has
hereby established the following management regulations:

1. All regional distributor must effectively abide by the market price system as
set forth by Shanda; if the sale is at a price lower than its lowest standard,
Shanda may raise the purchasing price of products until the cancellation of the
regional distributorship; if the sale is at a price higher than the maximum
standard, Shanda may cancel the exclusive rights and supply products to the
distributors within the region at the upper limit of the price;

2. Regional distributor shall not take discriminatory policy and treat some of
the distributors within the region differently, including, but not limited to,
the refusal of product supply to particular distributors, forcing distributors
to buy other products not belonging to Shanda, and the major difference in the
manner of payment. Under these circumstances, distributors may complain to
Shanda directly, if the regional distributor cannot provide reasonable
explanation, Shanda may go beyond the regional exclusive agency to supply goods
directly to the distributors;

3. Regional distributor must collect and adjust the distribution of secondary
distributors within the Territory to ensure necessary geographical coverage
ratio. Regional distributor has the responsibility to cooperate closely with
Shanda to jointly provide service for distributors within the Territory,
including, but not limited to, provide necessary personnel for professional
service, service site, service telephone, in accordance to the marketing and
promotional requirement of Shanda and assist distributors within the Territory
with any network security work;

4. Regional distributor must cooperate with Shanda to jointly trace down all
forms of product circulation and selling activities that are against the
regulations, shall not supply products to distributors specifically designated
by Shanda. Regional distributor shall not carry out any cross-regional sales
activities in any forms; when there are cross-regional selling activities in the
Territory, regional distributors shall actively cooperate with Shanda to take
appropriate actions;

5. Regional distributor has the liability to report and trace down when private
server or cheating programs are detected. Otherwise, Shanda has the right to
take necessary measures including, but not limited to, choosing a third party as
a sales partner of the region, until the termination of the contract between
both parties;

6. Any transfer of capital pressure to the distributors is strictly forbidden,
including the activities of collection of high security, and failure to supply
products for a long time after receiving cargo payment. In any event the capital
of the distributors must be secured;

                                       12
<PAGE>

7. Regional distributor shall ensure timely delivery of products to its
distributors within 2 business days upon receipt of the product payment from the
distributors. If the distributors have not received products within stipulated
period of time, they may complain to Party B. If the number of confirmed
complaints exceeds 3, Party A shall be deemed as breaching this Contract, and
Party B may take action in accordance with the defaulting clauses hereof;

8. Inspection clauses: Party B has the right to, or authorize other units to,
make use of all legal methods to do inspection on Party A's conformity to the
above Management Regulations, including, but not limited to, market
investigation, telephone recordings, all kinds of sales vouchers, online sales
system data and analysis data, and shall make judgment on the basis of
this, where Party A shall have no objection.

9. Security protection

Regional distributor shall pay attention to the safety protection of its own
online sales account, and shall take safety measures, for examples, selecting
appropriate people to do account management, not to use such account in public
places such as the net cafe, setup of appropriate password and modification of
it on a regular basis;

10. Effectiveness of data record

Regional distributor shall agree that the sales data record of online sales
system provided by Shanda shall be used as the sole basis for settlement between
both parties and the treatment of relevant affairs, and shall have the legal
effect confirmed by both parties.

The above regulations shall formally become effective as of the date of its
publication. Shanda reserves the right to modify, supplement and interpret this
Regulation.

    Shanghai Shanda Networking Co., Ltd.
      June 1st, 2003

                                       13
<PAGE>

APPENDIX 2:

             Letter of Agreement on Online Products of Online Games

               (Version 3.0, time of publication: June 1st, 2003)

1.    Basics of the product

      o Product name: Shanda online rechargeable card (hereinafter as "online
      rechargeable card")

      Product type: Recommended retail price of 10 Yuan for online rechargeable
      card with the first two number of "69" (69 card)

                    Recommended retail price of 35 Yuan for online rechargeable
      card with the first two number of "68" (68 card)

2.    Method of recharge and rechargeable game

      Shanda web game online rechargeable card is to recharge value for products
      such as The World of Legend 2 and Fortress 2 operated and served by
      Shanda. Special method of recharging each of the product is to be based
      upon internal regulation of the online sales system.

3.    Standard of settlement

      1)   Both parties agree that Party A buys 68 card at the price of 26
           Yuan/card, and the minimal amount is 1,000 cards, and Party A buys 69
           card at the price of 8 Yuan/card for an minimal amount of 3,000
           cards;

      2)   If Party B makes adjustment to the above discount on the basis of
           market need, Party B may give a 2 week (14 days) transitional period
           after the release of the public announcement. Party A must make
           settlement with Party B at the adjusted discount after the
           transitional period.

4.    Regulations on sales price

      Party A must, in actual sale of the product, abide by the following
      regulations on selling prices:

      1)   Party A shall not, as of the date when this Contract becomes
           effective, sell 68 card to its distributors at a price lower than
           26.5 Yuan/card, and sell 69 card at a price lower than 8.5 Yuan/card;

      2)   Party A shall not, as of the date when this Contract becomes
           effective, sell 68 card to its distributors at a price higher than 28
           Yuan/card, and sell 69 card at a price higher than 9 Yuan/card.

5.    Responsible people of both parties

      Responsible people of Party A:

      Method of contact:

               Email:
               MP:
               Tel:

      Responsible people of Party B: Zhang Nan
      Method of contact: Email: bar@mir2.com.cn
                         Tel: 021-58367297-8658

                                       14
<PAGE>

APPENDIX 3

            Staff Placement and Distributor Development Requirements

1.    Party A shall ensure the following staff placement requirements.

      o  To accomplish area coverage, Party A must place ________ distribution
      commercial personnel (Business operation personnel are: distribution
      personnel and direct commercial personnel.).

      o  Major responsibilities of business service personnel:

      a. Establish good business cooperative relationship with dealers
         (including, but not limited to, Internet cafe, software sales locations
         and retail network locations that sell prepaid rechargeable cards for
         online games) and distributors (including, but not limited to, online
         distributors and software enterprises that have sales channel).

      b. Sell game virtual cards of Party B, accomplish sales goals and
         realization goals.

      c. Organize marketing and promotional activities on a regular basis upon
         the demand of dealers and distributors.

      d. Promotional work of delivery, posting and updating of posters of
         distributors and dealers.

      e. Develop new dealers and distributors and assist regional distributors
         to accomplish distributor and dealer management and control.

      f. Gather relevant market information of competing products of Party B.

      g. Complete work statements and copy them to the Sales Department of
         Party B for reference.

2.    Distributor development requirement

      To effectively accomplish the coverage of the Territory of Party A, Party
      A must divide the Territory into ________regions; for each of theses
      regions, the number of distributors shall not exceed ________. Currently
      the regions are: _________________________________________________________

      __________________________________________________________________________

      __________________________________________________________________________

      __________________________________________________________________________

      __________________________________________________________________________

      __________________________________________________________________________

      __________________________________________________________________________

      __________________________________________________________________________

      __________________________________________________________________________

      __________________________________________________________________________

      _____________________________________________________

      Accomplishment of coverage of the entire Territory--to accomplish the best
      coverage of the market, Party B may, on the condition of not affecting the
      market coverage, make adjustment to the distribution and setup of
      distributors within the Territory.

                                       15
<PAGE>

APPENDIX 4

               Letter of Attorney on the Payment of Contract Price

Consignor:

Consignee:             (ID card No.:               )

In view that the consignor signs regional sales contract with Shanghai Shanda
Networking Co., Ltd. ("Shanda"), the consignor must pay the contract price in
accordance with the contract. During the term hereof, due to reasons of funding
or any other special reasons, the consignor consigns the consignee to perform
the liability of paying the contract price, where the consignee only accepts the
consignment of the consignor to pay the contract amount without accepting any
rights of the contract between the consignor and Shanda. Consignors and the
consignees agree that this consignment contains no illegal objective, and shall
not bring any legal risk to Shanda, or else the consignor is willing to
undertake responsibilities for all losses incurred by such consigned payment.
The consignor only consigns the consignee as designated herein without further
designating other people to perform the obligation of making the payment.

    Hereby consigned

                                                   Consignor:

                                                   Consignee:

                                       16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}]]