Document:

EX-4.57

 Exhibit 4.57 

FOURTH AMENDMENT TO THE RAGNAROK ONLINE GAME 

LICENSE AGREEMENT 
 This
Fourth Amendment (this “Amendment”) is made and entered into on August 27th, 2015 (hereinafter called “Effective Date”), by and between Gravity Co., Ltd.
(hereinafter referred to as “Licensor”) a corporation duly organised and existing under the laws of the Republic of Korea (hereinafter referred to as “Korea”) and having its offices at (Sangam-Dong, Nuritkum Square R&D
Tower15F), 396, World Cup buk-ro, Mapo-Gu, Seoul, Korea (hereinafter to as “Korea”) and PT. LYTO DATARINDO FORTUNA., a corporation having its principal place of business at Jalan Arteri Pos Pengumben NO.8 RT 005/08 Kelurahan
Sukabumi Selatan Kecamatan Kebon Jeruk Kota Administrasi, JAKARTA BARAT 11560 INDONESIA. (hereinafter called “Licensee”). 

RECITALS 

WHEREAS, Licensor and Licensee (“Parties” collectively) entered into a Ragnarok Online Game License Agreement (“The
Agreement”), dated on February 27th, 2010. 
 WHEREAS, Parties entered
into a First Amendment to the Ragnarok Online Game License Agreement (“First Amendment”), dated on October 1st, 2011. 

WHEREAS, Parties entered into Second Amendment to the Ragnarok Online Game License Agreement (“Second Amendment”), dated on
February 27th, 2013. 
 WHEREAS, Parties entered into Third Amendment to
the Ragnarok Online Game License Agreement (“Third Amendment”), dated on February 27th, 2015. 

WHEREAS, this Amendment is supplemental to the Agreement, and the Parties enter into this Amendment, to amend certain provisions in the
Agreement. 
 WHEREAS, Parties hereto desires to amend The Agreement as specified below. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the mutual premises and covenants contained herein, Parties agree as follows: 
 1. Renewal Term 

Parties agreed to extend the Agreement for One (1) year from the expiration date of The Agreement with conditions stated in this
Amendment. The newly extended term of The Agreement shall be from August 27th, 2015 to August 26th, 2016 without any License Fee.

 2. Continuing Effectiveness of The 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 amended by its First Amendment, Second Amendment and Third Amendment, all of which are ratified and affirmed in all respects and shall continue in full force and effect.

 IN WITNESS WHEREOF, Parties have executed this Amendment on the date first above written. 

 

									
	 Gravity Co., Ltd.
	 	 PT. LYTO DATARINDO FORTUNA

			
	 By:
                                        

	 		 	     By:
                                        

			
	 Name: Hyun Chul Park
	 		 	      Name: Andi Suryanto

			
	 Title: CEO
	 		 	      Title: CEOEX-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. 

  
 1 

 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        

  
 2EX-4.59

 Exhibit 4.59 

Tenth Amendment 
 To The
Exclusive Ragnarok Online License and Distribution Agreement 
 This AMENDMENT (“this Amendment”) is made and
entered into on this 16th of November, 2015 (hereinafter referred to as “Amendment Date”) by and between Gravity Co., Ltd (hereinafter referred to as
“Licensor”) and Gravity Interactive, Inc. (hereinafter referred to as “Licensee”). 
 RECITALS: 

WHEREAS, Licensor and Licensee (“Parties” collectively) entered into the Exclusive Ragnarok Online License and Distribution
Agreement (“the Original Agreement”), dated January 1st, 2006. 

WHEREAS, the Parties has entered into the amendments to the Original Agreement (“Amendments”) Nine times to
amend certain terms and conditions of the Original Agreement(the Original Agreement amended by Amendments until now is hereinafter referred to as “The Agreement”); 

WHEREAS, both Parties to The Agreement now desire to amend The Agreement as set forth below; 

AGREEMENT 
 NOW;
THEREFORE, in consideration of the mutual promises and covenants contained herein, Licensor and Licensee agree as follows: 
 1.
Territory 
 The Article 1.12 of The Agreement shall be amended as follows: 

1.12        “Territory” shall mean the following territories: 

(a) United States of America 

(b) Canada 

(c) Australia 

(d) New Zealand 

(e) India 

  
 1 

 (f) Singapore 

(g) Malaysia 

(h) Middle East and North Africa region (UAE, Saudi Arabia, Jordan, Kuwait, Bahrain, Qatar, Oman, Lebanon, Mauritania, Egypt,
Algeria, Morocco, and Tunisia) 
 (i) Philippines 

(j) The Russian Federation, the CIS countries (Armenia, Azerbaijan, Kyrgyzstan, Kazakhstan, Moldova, Tajikistan, Turkmenistan,
Uzbekistan), Georgia, Estonia, Latvia and Lithuania. 
 (k) South America area except Brazil (including, but not limited to,
Guyana, Bolivarian Republic of Venezuela, Bolivia, Republic of Suriname, Argentina, Ecuador, Uruguay, Chile, Colombia, Paraguay, Peru) 
  

	3.	 Effective Date 

All the Articles of The Agreement amended by this Amendment shall be effective and applicable on and from the Amendment Date
defined above, and any of them shall not be construed or regarded to be retroactively effective. 
  

	4.	 Continuing Effectiveness of the 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. 

IN WITNESS WHEREOF, the Parties have executed this Amendment on the day and year first
above-written. 
  

									
	 GRAVITY CO., LTD.
	 		 	 Gravity Interactive Inc.

			
	
By:                      
                      
	 		 	
By:                      
                      

	 Name: Hyun Chul Park
	 		 	 Name: Kitamura Yoshinori

	 Title: CEO
	 		 	 Title: CEO

	 Date:
	 		 	 Date:

  
 2EX-4.60

 Exhibit 4.60 

FIFTH AMENDMENT TO EXCLUSIVE RAGNAROK 

AUTHORIZATION AND DISTRIBUTION AGREEMENT 

This Fifth Amendment (hereinafter referred to as “this Amendment”) is made and entered into on this 2nd day of March, 2016, by and between Gravity Co., Ltd., (hereinafter referred to as “Gravity”), a corporation duly organized under the laws of the Republic of Korea, having its principal
offices at 15F Nuritkum Square R&D Tower, Worldcup Bukro 396. Sangam-Dong, Mapo-Gu, Seoul, 121-270, Korea and Level Up! Interactive Ltda (hereinafter referred to as “LUISA”), a corporation having its principal place of business at
Avenida Jabaquara, 3060 – 8o. andar, 04046-000, in the city of Sao Paulo, State of Sao Paulo, enrolled with the Ministry of Finance Tax Registration Number under CNPJ/MF 06.142.151/0001-60. 

RECITALS 
 WHEREAS,
Gravity and LUISA (“Parties” collectively) entered into an Exclusive Ragnarok Authorization and Distribution Agreement (“The Agreement”), dated March 2nd, 2009. 

WHEREAS, Parties entered into a First Amendment to Exclusive Ragnarok Authorization and Distribution Agreement (“First
Amendment”), dated January 17th, 2011. 
 WHEREAS, Parties entered into a
Second Amendment to Exclusive Ragnarok Authorization and Distribution Agreement (“Second Amendment”), dated August 1st, 2011. 

WHEREAS, Parties entered into a Third Amendment to Exclusive Ragnarok Authorization and Distribution Agreement (“Third
Amendment”), dated October 29th, 2012. 
 WHEREAS, Parties entered into a
Fourth Amendment to Exclusive Ragnarok Authorization and Distribution Agreement (“Fourth Amendment”), dated March 1st, 2014. 

WHEREAS, Parties hereto desire to renew The Agreement as specified below. 

NOW, THEREFORE, in consideration of the mutual promise and covenants contained herein, Parties agree as follows: 

I. Term 
 Parties agreed to extend The
Agreement for One (1) year from the expiration of The Agreement extended by the First, Third and Fourth Amendment with conditions stated in this Amendment. The newly extended term of The Agreement shall be from March 2nd, 2016 to March 1st, 2017. 

 II. Authorization Fee 

LUISA shall pay to Gravity a non-recoupable and non-refundable renewal Authorization fee (hereinafter referred to as “Authorization
Fee”) in the amount of Twenty five Thousand US Dollars (US$25,000) within Fifteen (15) calendar days after the effective date of this Amendment. 

III. Continuing Effectiveness of the 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 amended by its amendments, all of which are ratified and affirmed in all respects and shall continue in full force and effect. 

IN WITNESS WHEREOF, Parties have executed this Amendment on the date first above written. 

 

									
	 Gravity Co., Ltd.
	 		 	 Level Up! Interactive Ltda

			
	
By:                      
                
	 		 	
By:                      
                

			
	 Name: Hyun Chul Park
	 		 	 Name: Julio Cesar Losada Vieitez

			
	 Title: CEO
	 		 	
Title:                      
              

			
		 		 	 Level Up! Interactive Ltda

			
		 		 	
By:                      
                

			
		 		 	 Name: Andrea Finardi Lançoni

			
		 		 	
Title:

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