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
