Document:

EX-4.97

 Exhibit 4.97 
 FOURTH AMENDMENT TO 
 RAGNAROK ONLINE 

EXCLUSIVE GAME LICENSE AGREEMENT 
 This FOURTH AMENDMENT (hereinafter referred to as “Amendment”) is made and entered into on this 22nd day of October 2011, (hereinafter referred to as “Effective Date”), by and between Gravity Co., Ltd.
(hereinafter referred to as “Licensor”), a corporation duly organized and existing under the laws of the Republic of Korea and having its offices at 15F, Nuritkum Square BIZ Tower, 1605, Sangam-Dong, Mapo-Gu, Seoul, Korea, and Game
Flier International Corporation (hereinafter referred to as “Licensee”), as successor to Soft-World International Corporation, a corporation duly organized and existing under the law of Taiwan and having its principal office at 8F,
No. 95 Sec. 2 Nan-Kang Road, Nan-Kang District, Taipei, Taiwan, R.O.C.). 
 RECITALS 

WHEREAS, Licensor and Licensee (also individually as “Party” and collectively as “Parties”)
entered into an RAGNAROK ONLINE EXCLUSIVE GAME LICENSE AGREEMENT (hereinafter referred to as “Original Agreement”), dated on the 22nd day of October, 2009. 
 WHEREAS, this Amendment is supplemental to the Original Agreement, and the Parties enter into this Amendment, to amend certain provisions in the Original Agreement. 

WHEREAS, Parties hereto desire to amend the Original Agreement as specified below. 
 NOW, THEREFORE, in consideration of the mutual premises and covenants contained herein, Parties hereto agree as follows: 
 1. Renewal License Fee 
 Licensor agrees to extend the term of the Original
Agreement to service the Game in the Territory with no further License Fee. 
 2. Renewal Term 

Parties agreed to extend the Original Agreement for Two (2) years from the Effective Date with conditions stated below
in this Amendment. The newly extended term of the Original Agreement shall be from October 22nd, 2011 to October 21st, 2013. 

 3. Royalty Payment 
 The Article 5.2 in the Original Agreement shall be deleted in it entirely, and replaced with the following language: 
 5.2 Royalty Payment and Report 
 Licensee shall pay to Licensor as Royalty Payments
Thirty Five percent (35%) of the Service-Sales Amount paid by End Users during the commercial period of this Agreement. Subject to Article 5.3 below, the Royalty Payment shall be paid by Licensee on a monthly basis within Twenty (20) days
after the end of the applicable month. The Royalty Payment shall be deemed made upon presentation by Licensee of remittance confirmation or notice to Licensor of payment. Unless Licensor actually receives the remitted amount, the Royalty Payment
shall not be deemed to have been paid. Licensee may not set-off the Royalty Payment against any claims Licensee may have against the Licensor. Licensee shall also provide Licensor with a report (“Royalty Report”) on a monthly basis within
Fifteen (15) days after the end of the applicable month. Each Royalty Report shall contain detailed information concerning the calculation of Gross-Sales Amount for the applicable month. 
 4. Technical Support 
 Licensor shall dispatch One (1) Technical
Support Personnel upon the mutual consent of the Parties for One (1) year only during the term of the Agreement to perform maintenance service at Licensee’s office in the Territory, and Licensee shall pay to Licensor the following Expenses
for all the dispatched Technical Support Personnel: 
  

	 	(i)	Traveling Cost including all Round-Trip Airfare from Licensor to Licensee’s office for all the dispatched Technical Support Personnel; and

  

	 	(ii)	Accommodation Fee and Living Expenses for all the dispatched Technical Support Personnel (lodging, local transportation costs, and meals and so on)

 Except as expressly set forth herein, any and all other Expenses with relation to Technical Support shall be
borne by Licensor. 
 5. Effective Date 
 All the Articles of the Original Agreement amended by this Amendment shall be effective and applicable on and from Effective Date as said above, and any of them shall not be construed or regarded to be
retroactively effective. 
 6. 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.	 		 	Game Flier International Corporation	 	
				
	By:
                                         
                        	 		 	By:
                                         
                        	 	
				
	Name: Hyun Chul
Park                                	 		 	Name:
                                         
                   	 	
				
	Title:
CEO                                        
              	 		 	Title:EX-4.98

 Exhibit 4.98 
 Fourth Amendment 
 to the Exclusive Requiem Online License and
Distribution Agreement 
 This Amendment is made and entered into on this 26th day of October, 2011 (hereinafter referred to as “Effective
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 an Exclusive Requiem Online License and Distribution Agreement (“the
Agreement”) dated 21st day of February, 2008, First Amendment to The Exclusive Requiem Online License and Distribution Agreement (“First Amendment”) dated 1st day of December, 2009, Second Amendment to The Exclusive Requiem Online
License and Distribution Agreement (“Second Amendment”) dated 1st day of March, 2010, and Third Amendment to The Exclusive Requiem Online License and Distribution Agreement (“Third Amendment”) dated 16th day of June, 2011.

 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.	Local Language 

 The
Article 1.9 of the Agreement shall be amended as following language and this amended article shall be effective from
26th October, 2011. 

 

	1.9	“Local Language” shall mean the English and Korean as used in the Territory. 

 

	2.	Territory 

 The
Article 1.20 of the Agreement shall be amended as following language and this amended article shall be effective from
26th October, 2011. 

 

	1.20	“Territory” shall mean all the world except for the licensed territories (“Licensed Territories”) in which Licensor has already
granted a license regarding the service of Requiem Online game to 3rd parties before the Effective Date as defined above, provided that, without further agreement between Licensor and Licensee, Territory shall further include Licensed Territories,
in which the license will expire or will be terminated, after the expiration or termination of such license. 

	 	As of Effective Date as above, Licensed Territories are as follows: 

  

	 	1) The Russian Federation, the CIS countries (Armenia, Azerbaijan, Belarus, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, 

	 	Uzbekistan),	and also Georgia, Kazakhstan, Ukraine, Estonia, Latvia and Lithuania 

  

	 	2) Philippines 

  

	 	3) Taiwan, Hong Kong and Macao 

  

	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, 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: Yoshinori Kitamura
	Title: CEO	 		 		 		 	Title: CEO
	Date:	 		 		 		 	Date:EX-4.99

 Exhibit 4.99 
 SECOND AMENDMENT TO 
 THE EXCLUSIVE RAGNAROK ONLINE LICENSE

 AND DISTRIBUTION AGREEMENT 
 THIS SECOND AMENDMENT was made and entered into on this 5th day of March, 2012 (“Effective Date”), by and between Gravity Co., Ltd. (“Licensor”), a corporation duly organized and existing under the laws of the Republic of Korea
and having its Principle office at 15F, Nuritkum Square BIZ Tower, 1605, Sangam-Dong, Mapo-Gu Seoul and AsiaSoft Corporation Public Co., Ltd. (“Licensee”), a corporation duly organized and existing under the laws of the
Thailand and having its principal office at 9 U.M. Tower, 28th Floor, Room 9/283-5, Ramkhamhaeng Road, Suanluang, Bangkok 10250, Thailand. 

RECITALS 
 WHEREAS, Licensor and Licensee signed EXCLUSIVE RAGNAROK ONLINE LICENSE AND DISTRIBUTION AGREEMENT (“the Agreement”), on 5th day of March 2010; and 
 WHEREAS, Licensor has entered into FIRST AMENDMENT TO THE EXCLUSIVE RAGNAROK ONLINE LINCENSE AND DISTRIBUTION AGREEMENT (“the First Amendment”) on 5th day of March 2010. 

NOW, THEREFORE, the Parties agree as follows: 
  

	1.	Renewal Term 

 The
Parties agree to extend the term of the Agreement for one (1) year (“Renewed Term”) from
March 5th, 2012 with conditions stated below in this
Amendment. The Newly extended term of the Agreement shall be from March 5th, 2012 to March 4th, 2013. 
  

	2.	Renewal Condition 

 (1) License Fee.

 Licensee shall pay to Licensor a non-recoupable and non-refundable Renewal License Fee in the amount of Fifty Thousand USD (US$50,000)
within Thirty (30) Calendar days of the Effective Date. 

 (2) Article 5.6 of the Agreement shall be replaced with the new clause set forth below. 

Except as may be otherwise provided for herein, unless explicitly approved in writing by Licensor, any and all taxes including the sales tax, value added
tax, income tax, duties, fees and other government charges of any kind on any payment to Licensor under this Agreement shall be borne by Licensee, provided, however, if any government in the Territory requires Licensee to withhold the withholding
tax on the payment to Licensor, Licensee is allowed to withhold such tax no more than (15)% from such payments only if Licensor is entitled to receive such payments as a tax credit under the relevant laws of Korea or any existing tax treaty between
the respective countries of operation of Licensor and Licensee. Licensee shall pay the W/H tax to the legal government within 10 calendar days after the royalty payment remittance and send the receipt to Licensor via airmail within 30 calendar
days. Any withholding tax in excess of the aforesaid limit shall be borne by Licensee, and shall not be deducted from the actual payment amount. 
 (3) This added provision shall go into effect from the Effective Date. 
  

	7.6	Both Licensor and Licensee agree that all the whole revenues based on “Love Daddy Event” shall be donated to the government of Thailand but limited to only
once a year and the details of donation shall be written on the royalty report separately. 

  

	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.	 		 	AsiaSoft Corporation Public Co., Ltd.

									
					
	 By:
	 	  
	 		 	By:	 	  

									
	 Name:
	 	Hyun Chul Park	 		 	Name: Pramoth Sudjitporn
	 Title:
	 	CEO	 		 	Title: Chief Executive Officer

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