0001193125-09-123429 Sample Contracts

Gmarket Inc. 8th Floor, LIG Tower Gangnam-Gu Seoul 135-912, Korea
Letter Agreement • June 2nd, 2009 • Gmarket Inc. • Services-business services, nec • New York

Reference is made to the Deposit Agreement, dated as of July 5, 2006 (the “Deposit Agreement”), by and among Gmarket Inc., a company organized and existing under the laws of the Republic of Korea (the “Company”), Citibank, N.A., a national banking association (“Citibank”) organized and existing under the laws of the United States of America, as Depositary (the “Depositary”), and the Holders and Beneficial Owners of American Depositary Shares (the “ADSs”) issued thereunder. All capitalized terms used, but not otherwise defined herein, shall have the meaning assigned thereto in the Deposit Agreement.

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