0001019155-05-000004 Sample Contracts

and OWNERS AND BENEFICIAL OWNERS OF AMERICAN DEPOSITARY RECEIPTS Deposit Agreement Dated as of _________________, 2005
Deposit Agreement • January 20th, 2005 • GRAVITY Co., Ltd. • Services-computer programming services • New York
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THE BANK OF NEW YORK
Deposit Agreement • January 20th, 2005 • GRAVITY Co., Ltd. • Services-computer programming services

Re: Deposit Agreement dated as of __________, 2005 (the "Deposit Agreement") among GRAVITY Co., Ltd. (the “Company”), The Bank of New York, as Depositary (the “Depositary”), and all Owners and holders from time to time of American Depositary Receipts issued thereunder

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