EX-4.58



 Exhibit 4.58 

8th AMENDMENT 

TO THE 2nd RENEWAL OF RAGNAROK LICENSE AND DISTRIBUTION 

AGREEMENT 
 THIS
AMENDMENT (“Amendment”) is made and entered into on this 29th day September, 2015(“Effective Date”) by and between Gravity Co., Ltd., a corporation duly organized
and existing under the laws of the Republic of Korea (hereinafter referred to as “Korea”) and having its principle office at 15F Nuritkum Square R&D Tower, Worldcup Bukro 396, Mapo-Gu, Seoul, 121-270, Korea (“Licensor”) and
GungHo Online Entertainment, Inc., a corporation duly organized and existing under the laws of Japan and having its principal office at Sumitomo Fudousan Marunouchi Bldg 3-8-1 Marunouchi, Chiyoda-ku, Tokyo, 100-0005 Japan
(“Licensee”). 
 WHEREAS, Licensor and Licensee (“Parties”) entered into the 2nd Renewal of Ragnarok License and Distribution Agreement dated September 29, 2006 (“Original Agreement”). 

WHEREAS, the Parties entered into the several Amendments (“Prior Amendments”) listed in the table below. Each
amendment shall be hereinafter referred to such name as defined in the Note of the table below. 
  

					
	Title	  	Signed Date	  	Note
	 	  	 	  	 
	Amendment to the 2nd Renewal of Ragnarok License and
Distribution Agreement	  	Dec. 17, 2007	  	
1st

 AMENDMENT

	Amendment to the 2nd Renewal of Ragnarok License and
Distribution Agreement	  	Sep. 9, 2008	  	
2nd

AMENDMENT

	Amendment to the 2nd Renewal of Ragnarok License and
Distribution Agreement	  	Sep. 29, 2009	  	3rd
AMENDMENT
	Amendment to the 2nd Renewal of Ragnarok License and
Distribution Agreement	  	Nov. 1, 2009	  	4th
AMENDMENT
	2nd Amendment to the 2nd Renewal of Ragnarok License and Distribution Agreement	  	May. 31, 2010	  	5th
AMENDMENT
	Amendment to the 2nd Renewal of Ragnarok License and
Distribution Agreement	  	Aug. 23, 2011	  	6th
AMENDMENT
	7th AMENDMENT TO THE 2nd RENEWAL OF RAGNAROK LICENSE AND DISTRIBUTION AGREEMENT	  	Sep 29, 2012	  	7th
AMENDMENT

 WHEREAS, the Parties hereto desires to amend the Original Agreement amended by Prior
Amendments(hereinafter referred to as “The Agreement”) as specified below. 
 NOW, THEREFORE, in consideration of
the mutual premises and covenants contained herein, Licensor and Licensee agree as follows: 
  

	1.	 Renewal Term 



The Parties agree to extend the term of The Agreement for two (2) years (“Renewed Term”) from September 29, 2015 with
conditions stated below in this Amendment. 

  
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 The newly extended term of The Agreement shall be from September 29, 2015 to
September 28, 2017 without any License Fee. 
  

	2.	 Renewal Condition 



	2.1	 Royalty Payment 



Licensee shall pay to Licensor as Royalty Payments Forty percent (40%) of the Net Revenue during the Renewed Term. All other
Royalty Payment and Report conditions shall remain the same as set out in The Agreement. 
  

	3.    Continuing	 Effectiveness of the Original Agreement 



Except as expressly set forth herein, this Amendment shall not by implication or otherwise alter, modify, amend or in any way
affect any of the terms, conditions, obligations, covenants or agreements contained in The Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect. 

 

	4.    Effective	 Date 



All the Articles of The Agreement amended by this Amendment shall be effective and applicable on and from Effective Date of
this Amendment as said above. 
 IN WITNESS WHEREOF, the Parties have caused their respective representatives to
execute this Amendment in duplicate and each party retains one copy. 
  

									
	 GRAVITY Co., Ltd.
	 		 	 GungHo Online Entertainment, Inc.

					
	By:	 	          
	 		 	By:	 	              

	Name:	 	 Hyun Chul Park
	 		 	Name:	 	 Kazuki Morishita

	Title:	 	 CEO        
	 		 	Title:	 	 President & CEO        



  
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