EXHIBIT 10.23
AMENDMENT TO
THE EXCLUSIVE RAGNAROK ONLINE
LICENSE AND DISTRIBUTION AGREEMENT
DATED 2ND DECEMBER, 2003
THIS AMENDMENT (this "Amendment") is made and entered into on this 2nd day of
December, 2003, by and between GRAVITY CORPORATION ("Licensor") and BURDA
HOLDING INTERNATIONAL GMBH("licensee").
WHEREAS, Licensor and Licensee ("Parties" collectively) entered into an
Exclusive Ragnarok Online License and Distribution Agreement ("The Agreement"),
dated November 26th, 2003.
NOW, THEREFORE, the parties agree as follows:
1. The additional "Initial Fee" of 250,000US$ will be paid if licensee starts
commercial service for any country/countries in Remaining Europe.
- Revised of 2.1.1 from the original agreement
2. Licensee will put its tools to block all the users from the outside of the
Territory.
3. The renewal of the term will be of course based on mutual written
agreement between the parties.
IN WITNESS WHEREOF, the Parties have executed this Amendment the day and year
first above-written.
GRAVITY CORPORATION, BURDA HOLDINGS INTERNATIONAL GMBH
By: /s/ Jung-Ryool Xxx By: /s/ Xxxxx Xxxxx
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Name: Jung-Ryool Xxx Name: Xx. Xxxxx Xxxxx
Title: Chairman Title: CEO, The Operation of cRO
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