Document:

exv4w92

Exhibit 4.92

THIRD AMENDMENT TO

EXCLUSIVE RAGNAROK SOFTWARE LICENSE AGREEMENT

This Third Amendment to the Exclusive Ragnarok Software License Agreement(“this Amendment”) is made
as of this 16th day of October, 2010, by and between Gravity Co. Ltd., a corporation
duly organized and existing under the laws of the Republic of Korea (“Korea”) and having its
offices at 15F, Nuritkum Square Business Tower, 1605, Sangam-Dong, Mapo-Gu, Seoul, Korea
(“Licensor”), and Gravity EU SASU (“Licensee”), a corporation duly organized and existing under the
laws of France and having its principal place of business at 1 Place de la Coupole, Tour Areva 30
Floor, Paris La Defense, 92084, France.

RECITALS

WHEREAS, Licensee, Licensor and Mados, Inc. have entered into Assignment of the Agreement on October 20th, 2006. Thereafter, Licensee has been recognized as the successor party
 of Mados, Inc. to the Exclusive Ragnarok Software License Agreement(“the Agreement”) executed between Licensor and Mados, Inc. on August 22nd, 2005 to distribute and market the online role
playing game under the brand name of “Ragnarok” in France, Belgium, The United Kingdom, Finland, Sweden, Norway, Ireland, Scotland, Denmark and Spain.

WHEREAS, Licensor and Licensee (collectively “Parties” ) have executed Second Amendment to
the Exclusive Ragnarok Software License Agreement on the 29th day of June, 2010 by
which the Term of the Agreement has been extended from June 29th , 2010 to December
28th, 2010(“First Renewed Term”).

WHEREAS, the Parties now desire to amend the Agreement as specified below.

AGREEMENT

NOW, THEREFORE, the parties hereto agree as follows:

			
	1.	 	Term Extension of the Agreement

	 	 	Parties agreed to extend the Agreement for three (3) years (“Second Renewed Term”) from
theexpiration date of the Agreement. The newly extended term of the Agreement shall be
from December 29th, 2010 to December 28th, 2013.

			
	2.	 	Royalty

	 	 	The Article 5.2 in the Agreement shall be deleted in its entirety, and replaced with the
following language:

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	 	5.2	 	Royalty Payment and Report
	 
	 	In addition to the License Fee, Licensee shall pay to Licensor as Royalty payments Thirty
percent (30%) of the Gross-Sales Amount paid by End Users (“Royalty”) for the period of this
Agreement. Subject to Section 5.4 below, the Royalty Payment shall be paid on a monthly
basis within twenty (20) days after the end of the applicable month. The Royalty Payment
shall be deemed made upon presentation of Licensee whether in fax or any other means the
remittance confirmation or notice to Licensor. In any case, unless Licensor actually
receives the remitted amount, the payment shall not be deemed to be paid. Licensee shall
also provide Licensor with a report (“Royalty Report”) on a monthly basis within twenty (20)
days after the end of the applicable month. Each Royalty Report shall contain detailed
information on the calculation of Gross Sales Amount for the applicable month.

			
	3.	 	Territory

	 	 	The Article 1.19 of The Agreement shall be amended as the following language and this
amended article shall be effective from 15th date of October 2010 :

	 	1.19	 	“Territory” shall mean the territory of the following European Countries:

	 	 	 	France, Belgium, The United Kingdom, Finland, Sweden, Ireland, Denmark, Spain, Austria, Bulgaria, Cyprus, Czech, Republic, Estonia, Germany, Greece, Hungary, Italy,
Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Switzerland, Turkey, Norway, Scotland(32 service territories in total).

			
	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 WITNESSETH WHEREOF, the parties hereto have executed this Amendment as of the day and year first
written above.

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	LICENSOR:	 	 	 	 
	Gravity Co.,Ltd.	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	________________________________________	 	By:	 	________________________________________
	Name
	 	Toshiro OHNO	 	Name:	 	Yoon Seok Kang
	Title:
	 	President, CEO	 	Title:	 	CEO
	Date:
	 	October 16, 2010	 	Date:	 	October 16, 2010
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	LICENSEE:	 	 	 	 
	 
	 	 	 	 	 	 
	Gravity EU SASU	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	________________________________________	 	 	 	 
	Name:
	 	Changki Kim	 	 	 	 
	Title:
	 	General Director	 	 	 	 
	Date:
	 	October 16, 2010	 	 	 	 

3exv4w93

Exhibit 4.93

Sixth Amendment

To The Exclusive Ragnarok Online License and Distribution Agreement

This AMENDMENT (“this Amendment”) is made and entered into on this 1st day of January,
2011 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 Agreement”), dated January 1st, 2006.

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.	 	Term Extension of the Agreement

	 	 	Parties agreed to extend the Agreement for Two (2) years (“Third Renewed Term”) from the
expiration date with conditions stated below in this Amendment. The newly extended term of the
Agreement shall be from January 1st, 2011 to December 31st, 2012.

			
	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, agreements or previous amendments 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.

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	Gravity Co., Ltd
	 	Gravity Interactive Inc.
	 
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	By: ________________________________________
	 	By: ________________________________________
	Name: Toshiro Ohno
	 	Name: Kitamura Yoshinori
	Title: President & CEO
	 	Title: CEO
	Date:
	 	Date:
	 
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	Gravity Co., Ltd
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	By: ________________________________________

	 	 
	Name: Yoon Seok Kang
	 	
	Title: CEO
	 	
	Date:
	 	

2exv4w94

Exhibit 4.94

FIRST AMENDMENT TO EXCLUSIVE RAGNAROK

AUTHORIZATION AND DISTRIBUTION AGREEMENT

This First AMENDMENT (This “Amendment”) is made and entered into on this 17th 
 day of January, 2011, 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 BIZ Tower, 1605, Sangam-Dong, Mapo-Gu, Seoul, Korea and
Level Up! Interactive S.A (hereinafter referred to as “LUISA”), a corporation having its principal
place of business at Avenida Dr. Cardoso de Melo, No. 1608, 11o Andar Cj. 111/112, 04548-005, 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, 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.

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

1. Renewal Term

Section 12.1 of the Agreement shall be deleted in its entirety, and replaced with the following:

Parties agreed to extend the Agreement for Two (2) years from the expiration of the Agreement with
conditions stated below in this Amendment. The newly extended term of the Agreement shall be from
March 2nd, 2011 to March 1st, 2013.

Licensee shall have the option to renew the term of the Agreement for an additional term of one (1)
year without any licensee fee if Gravity decided to maintain the Game service available globally.
LUISA shall exercise the aforesaid option to renew by sending an official letter to Gravity at
least (3) months prior to the expiration of the Term of this Amendment. The option right for
renewal exists only one time.

2. Renewal 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 One Hundred

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Thousands US Dollars (US$100,000) payable based on the following schedule:

	 	a.	 	Fifty Thousand US Dollars (US$ 50,000) shall be paid no later than May 31, 2011 and;
	 
	 	b.	 	Fifty Thousand US Dollars (US$50,000) shall be paid no later than July 31, 2011.

3. 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, Parties have executed this Amendment on the date first above written.

 

	 	 	 
	Gravity Co., Ltd.

	 	Level Up! Interactive S.A
	 
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	By: ________________________________________
	 	By: ________________________________________
	Name: Toshiro OHNO        
                
                
       

	 	Name: Julio Vieitez        
              
                     
         
	Title: President & CEO     
                
                     
    

	 	Title: Managing Director     
                
               
       
	 
	 	 
	 
	 	 
	 
	 	 
	Gravity Co., Ltd.

	 	Level Up! Interactive S.A
	 
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	By: ________________________________________
	 	By: ________________________________________
	Name: Yoon Seok Kang     
                
                        

	 	Name: Andréa Finardi Lançoni     
                 
            
	Title: CEO     
                
                    
                      
  

	 	Title: Financial Director     
               
               
         

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