EX-4.50 FIRST AMENDMENT TO THE RAGNAROK ONLINE






Exhibit 4.50




FIRST AMENDMENT TO

THE RAGNAROK ONLINE SOFTWARE AGREEMENT



THIS AMENDMENT was entered into on this (9th) day of ( October ), 2007 (“Effective
Date”), by Gravity Co.k Ltd., a corporation duly organized and existing under the laws of the
Republic of Korea (“Korea”) and having its offices at 14th Meritz Tower, 825-2
Yeoksam-Dong, Kangnam-Gu, Seoul 135-934, Korea (“Licenor”), and Game Flier (Malaysis) SDN. BHD., a
corporation duly organized and existing under the laws of Malaysia (“Malaysia”) and having
its principle office at 9th Flr, Hei Tech Village, Persiaran Kewajipan, USJ 1,47600 UEP
Subang Jaya, Selangor De, Malaysia (“Licensee”) and Soft-World International Corporation, a
corporation duly organized and existing under the laws of Republic of China (Taiwan) and having its
offices at F1., No 1-16 Kuo-Chien Road, Chien-Chen District, Kaohsiung 806, Taiwann, as the
guarantor of financial responsibilities to Licensor by Licensee.(“Guarantor”) Licensor and Licensee
being sometimes hereinafter referred to collectively as the “Parties”.




RECITALS



WHEREAS, the Parties has entered into RAGNAROK ONLINE LICENSE AGREEMENT on April 9th,
2006(“the Agreement”).



NOW, THEREFORE, the Parties agree as follows:




1. Extend the Term of the Agreement



The Parties agree to extend the term of the Agreement for Two (2) year (“Renewed Term”) from the
expiration date with conditions stated below in this Amendment. The Newly extended term of the
Agreement shall be from October 9th, 2007 to October 8th, 2009.




2. Payment




(1) Licensee Fee



Licensee shall pay Fifty Thousand United States Dollar (USD 50,000) to Licensor as License
Extension Fees. The License Extension Fees shall be paid in two (2) equal arts according to the
following schedule:




 









 







USD 25,000 payable within seven (7) business days from 15th Day of Febnruary, 2008.
USD 25,000 payable within fourteen (14) business days from 15th Day of February, 2008.




(2) Royalty



Licensee shall pay to Licensor as Royalty thirty (30%) percent of Service-Sale Amount paid by End
Users.




3. Technical Support Personnel



Licensee shall agree that the withdrawal of dispatched personnel by Licensor happens within
two months after the Effective Date. Should the on-site support be needed from Licensor,
the Licensee shall bear all of expenses for travel, lodging, food and other general expenses
incurred from such support




4. Other Contents



Except as hereinabove expressly agreed and amended, all of the terms and conditions of the
Agreement shall continue in full force and effect.



IN WITNESS THEREOF, the Parties have caused and executed this Amendment on the date first
above-written in duplicate originals by their duly authorized representatives as of the day and
year first above written.




	 	 	 	 	 
	Gravity Co.,Ltd

 	 	 
	By:  	 	 	 
	 	Name:  	Il Young, Ryu 	 	 
	 	Title:  	Chairman & CEO	 	 
	 	Date:  	
 	 	 
	 



	 	 	 	 	 
	Game Flier SDN. BHD.

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 	Date  	
 	 	 
	 



	 	 	 	 	 
	Soft-World International Corporation

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 	Date