STOCK PURCHASE AGREEMENTStock Purchase Agreement • June 25th, 2008 • GungHo Online Entertainment, Inc. • Services-business services, nec • New York
THIS STOCK PURCHASE AGREEMENT (the “Agreement”) relating to certain American Depository Shares of Gravity Co., Ltd., a Korean company (“Gravity”), is entered into this June 24, 2008, by and between GUNGHO ONLINE ENTERTAINMENT INC., a Japanese company (the “Buyer”), and RAFFLES ASSOCIATES, L.P., a Delaware limited partnership (the “Seller”). The Buyer and the Seller are sometimes referred to herein each individually as a “Party” and collectively as the “Parties”.
Translation] Share Subscription AgreementShare Subscription Agreement • February 22nd, 2008 • GungHo Online Entertainment, Inc. • Services-business services, nec
GungHo Online Entertainment, Inc. (“GOE”) enters into this agreement (this “Agreement”) as follows with Heartis Inc. (“Heartis”) regarding subscription of 24,308 shares of common stock outlined in Schedule 1 to be newly issued based on the resolution at the board of directors held on February 14, 2008 by way of third party allotment.
