Gravity
Commitments
As of December 31, 2011, the Company has outstanding licensing agreements of Ragnarok Online with 10 companies internationally. Based on the agreements with the licensees, the Company receives certain amount (24% to 40%) of each licensee’s revenues as royalty.
The Company has contracts for the exclusive right of Ragnarok Online II game distribution and sales with
GungHo Online Entertainment, Inc. (“GungHo”) in Japan,
AsiaSoft Corporation Public Co., Ltd. in Thailand,
Shanghai The 9 Information Technology Ltd.,
in China, Level up! Inc. in Philippines,
AsiaSoft Online Pte. Ltd., in Singapore and Malaysia,
AsiaSoft Corporation Public Co., Ltd. in Vietnam,
PT. Lyto Datarindo Fortuna in Indonesia and
Level up! Interactive S.A. in Brazil.
The contract periods of these license agreements range from two to four years after commercialization in each geographical location."
Quote from http://www.sec.gov/Archives/edgar/data/1313310/000119312512191082/d283775d20f.htm
at page F-27 to F-28
Credits to: http://www.facebook.com/RO2LotS