FORTH AMENDMENT FOR THE EXCLUSIVE RAGNAROK LICENSE AND DISTRIBUTION AGREEMENTDistribution Agreement |
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Exhibit 4.16
FORTH AMENDMENT FOR
THE
EXCLUSIVE RAGNAROK LICENSE AND DISTRIBUTION
AGREEMENT
THIS FORTH AMENDMENT FOR THE EXCLUSIVE RAGNAROK LICENSE AND DISTRIBUTION AGREEMENT (the “Agreement”), is made and entered into on 18 th May, 2005(“ Effective Date ”), by and among Gravity Corporation , a corporation duly organized and existing under the laws of the Republic of Korea (“Korea”) and having offices at 4 th Floor, Shingu Building, 620-2 Shinsa-Dong, Kangnam-Ku, Seoul, Korea (“ Licensor ”), and SOFT-WORLD International Corporation , a corporation duly organized and existing under the laws of Taiwan, R.O.C. and having it offices at 13 th Floor, No. 1-16 KuoCien Road, Chien-Chen District, Haoshiung 806, Taiwan (“ Soft-world ”) and Value Central Corporation , a corporation duly organized and existing under the laws of the Independent Sate of Western Samoa and having its offices at P.O. Box 217, Apia, Samoa (“ Licensee ”), and, together with Soft-world and the Licensor, the (“ Parties ”)
WITNESSETH:
WHEREAS , the Licensor, Licensee and Soft-world entered into an Exclusive Ragnarok License and Distribution Agreement dated October 21, 2002 (the “Original Agreement”), under which the Licensor licensed its rights to the online computer game “Ragnarok” (the “Game”) to the Service Company (as defined in the Original Agreement) through the Licensee and provided technical assistance in connection therewith pursuant to the terms of the Original Agreement.
WHEREAS , pursuant to Article 13.1 thereof, the term of the Original Agreement expired on May 21, 2005, being the second anniversary of the date that the commercial service of the Chinese version of the Game commenced in the Territory (as defined in the Original Agreement)(the “Expiration Date”).
WHEREAS , No later than four(4) month prior to the Expiration Date, the Licensor, under Article 13.2 thereof, granted to the Licensee to negotiate the re-execution thereof for thirty(30) days.
WHEREAS , as the result of negotiat
