GRAVITY Co., Ltd. (hereinafter referred to as "GRAVITY") and Myoung-Jin Lee, copyright holder of the Ragnarok cartoon (hereinafter referred to as "Lee"), hereby enter into this Agreement on the exclusive license of the copyright regarding the Ragnarok game services, and for good and valuable consideration, agree as follows:

Article 1: Purpose

This Agreement specifies all terms and conditions necessary for stipulating the rights and obligations of the parties hereto with regard to GRAVITY's game services based on the Ragnarok cartoon authored by Lee.

Article 2: Definition

Terms herein are defined as follows:

1. "Game services copyrights" refer to the rights to use the Ragnarok cartoon's logo, characters, illustrations, scenarios and others to develop, sell, publicize, promote and advertise games, which shall be transferred to GRAVITY from Lee under this Agreement.

2. "Titles" refers to any and all online games, package games operated on personal computer, Internet cafe games, mobile machine games, consumer equipment games, mobile games and board games, which will be developed by GRAVITY using the Game services copyrights. However, to the extent that they are operated on the same type of server, online games shall be regarded as a single title irrespective of the type of clients.

Article 3: Rights to Works

详文见附件