Document:

Exhibit
4.21

       

      Termination
Agreement to the Loan Agreement

      

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

      

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

      

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

      

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

      

      Whereas, Shanda and the
Holding Employee have entered into the Loan Agreement (hereinafter referred to
as the “Original
Agreement”) August 10, 2004, according to which the Holding Employee
has borrowed RMB 4,644,000 (Say: RMB four million and six hundred and
forty-four thousand) from Shanda for paying the transferred Share and the
increase capital.

      

      NOW THEREFORE, the Parties
have entered into the following terms and conditions in respect of the
termination of the Original Agreement through friendly negotiation, and on the
basis of willingness and equal footing on July 01, 2008.

      

      
        	
                1.  

              	
                The
      Holding Employee has repaid all loans to Shanda. The Parties have agreed
      to terminate the Original Agreement on the date when this Agreement is
      entered into, and to release their rights and obligations under such
      Original Agreement. No Party shall bear any breaching liability to any
      other Party.

              

      

      

      
        	
                2.  

              	
                The
      rights and obligations of either Party under the Original Agreement shall
      remain in force before this Agreement is entered
  into.

              

      

      

      
        	
                3.  

              	
                This
      Agreement comes to effect immediately after it is entered into by the
      Parties.

              

      

      

      
        	
                4.  

              	
                Any
      dispute in relation to the Original Agreement and this Agreement shall be referred to the China
      International Economic and Trade Arbitration Commission Shanghai Commission
      (“CIETACSC”) according to the Rules of
      CIETACSC in force for the time
being.

              

      

      

      
        	
                5.  

              	
                This Agreement is made in
      two (2) counterparts with each
      Party holding one (1)
      

              

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
 

      counterpart.
Each counterpart shall have the same effect and force with the other counterpart.

      

      [No Text Follow]

       

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

       

       

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

      

      

      

      

      

      Shanghai
Shanda Networking Co., Ltd.

      

      Authorized
Representative (Sign): ______________

      

      Name:

      

      Title:

      

      

      

      

      

      Signed
by: __________________

      

      Name:
Zhang Ying-fengExhibit
4.22

     

    Termination
Agreement to the Share Purchase Option Agreement

    

    This
Termination Agreement to the Share Purchase Option Agreement (hereinafter
referred to as this “Agreement”) is entered into on
this 1st of
July, 2008 in Pudong New Area, Shanghai by and among:

    

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

    

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

    

    Shanghai Shulong Technology
Development Co., Ltd. (hereinafter referred to as “Shanghai Shulong”), a limited
liability company incorporated and existing in accordance with the laws of the
PRC with its principal business address at No. 690 Bibo Road, Pudong New Area, Shanghai.

    

    Shanda,
Holding Employee and Shanghai Shulong may hereinafter collectively referred to
as the “Parties” and,
individually referred to as the “Party”.

    

    Whereas, Shanda, Holding
Employee and Shanghai Shulong have entered into the Share Purchase Option
Agreement (hereinafter referred to as the “Original Agreement”), according to
which Shanda has the exclusive option to purchase all Share held by the Holding
Employee in Shanghai Shulong at any time subject to the laws of the
PRC.

    

    NOW THEREFORE, the Parties
have entered into the following terms and conditions in respect of the
termination of the Original Agreement through friendly negotiation, and on the
basis of willingness and equal footing on July 01, 2008.

    

    
      	
              1.  

            	
              The
      Parties have agreed to terminate the Original Agreement on the date when
      this Agreement is entered into, and to release their rights and
      obligations under such Original Agreement. No Party shall bear any
      breaching liability to any other
Party.

            

    

    

    
      	
              2.  

            	
              The
      rights and obligations of each Party under the Original Agreement shall
      remain in force before this Agreement is entered
  into.

            

    

    

    
      	
              3.  

            	
              This
      Agreement comes to effect immediately after it is entered into by the
      Parties.

            

    

    

    
      	
              4.  

            	
              Any
      dispute in relation to the Original Agreement and this Agreement shall be referred to the China
      International Economic and Trade Arbitration Commission
      

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      

      
        	
                  

              	
                Shanghai Commission (“CIETACSC”) according to the Rules of
      CIETACSC in force for the time
being.

              

      

       

    

    
      	
              5.  

            	
              This Agreement is made in three
      (3) counterparts with each Party holding one (1) counterpart.
      Each counterpart shall have the same effect and force with the
      others.

            

    

    

    

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

    

    

    

    

    

    Shanghai
Shanda Networking Co., Ltd.

    

    

    Authorized
Representative (Sign):                              

    

    Name:

    

    Title:

    

    

    

    

    Holding
Employee

    

    Signed
by:                                

    

    Name:
Zhang Ying-feng

    

    

    

    

    Shanghai
Shulong Technology Development Co., Ltd.

    

    Authorized
Representative (Sign):                                

    

    Name:

    

    Title:Exhibit
4.23

     

    Termination
Agreement to the Share Pledge Agreement

    

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

    

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

    

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

    

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

    

    Whereas, Shanda and the
Holding Employee have entered into the Share Pledge Agreement (hereinafter
referred to as the “Original
Agreement”) on August 11, 2004, according to which the Holding Employee
has pledged all Share held by it in Shanghai
Shulong Technology Development Co., Ltd. as the security against all of
its obligations in favor
of Shanda.

    

    NOW THEREFORE, the Parties
have entered into the following terms and conditions in respect of the
termination of the Original Agreement through friendly negotiation, and on the
basis of willingness and equal footing on July 01, 2008.

    

    
      	
              1.  

            	
              The
      Parties have agreed to terminate the Original Agreement on the date when
      this Agreement is entered into, and to release their rights and
      obligations under such Original Agreement. No Party shall bear any
      breaching liability to any other
Party.

            

    

    

    
      	
              2.  

            	
              The
      rights and obligations of each Party under the Original Agreement shall
      remain in force before this Agreement is entered
  into.

            

    

    

    
      	
              3.  

            	
              This
      Agreement comes to effect immediately after it is entered into by the
      Parties.

            

    

    

    
      	
              4.  

            	
              Any
      dispute in relation to the Original Agreement and this Agreement shall be referred to the China
      International Economic and Trade Arbitration Commission Shanghai
      Commission (“CIETACSC”) according to the Rules of
      CIETACSC in force for the time
being.

            

    

    

    
      	
              5.  

            	
              This Agreement is made in two (2)
      counterparts with each Party holding one (1)
      

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    
      
        	
                  

              	
                counterpart. Each counterpart
      shall have the same effect and force with the other
      counterpart.

              

      

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

    

    

    

    

    

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

    

    

    

    

    

    Shanghai
Shanda Networking Co., Ltd.

    

    

    Authorized
Representative (Sign):                                    

    

    Name:

    

    Title:

    

    

    

    

    

    Signed
by:                                     

    

    Name:
Zhang Ying-feng

    

    

    3

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