Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Bark Group Inc. - Exhibit 10.12

EXHIBIT 10.12

	Danske 	Bank
    

 

CREDIT FACILITY CONTRACT 
floating interest – business

Borrower’s copy

Credit facility type: Business account 
Account:
XXXXX

	 	 	 	 
	Lender 	Danske Bank A/S 	  	  
	 	 	 	 
	  	  	  	  	  
	Borrower 	Bark Property ApS 	Customer number:
      0030898141 
	  	Trommesalen 5, 4. 	  	  
	  	1614 Copenhagen V 	  	  
	  	Denmark 	  	  
	  	  	  	  	  
		If there is more than one borrower,
      the terms and conditions of the contract shall apply to each borrower.
  
	  	  	  	  	  
	 	 	 	 	 
	Credit line 	Credit line 	
      DKK 
	21,900,000.00 
	 	 	
       
	 
	  	  	  	
      
	  
	Establishment costs 	Establishment costs 	
      
	  
	  	  	Commitment fee 	
      DKK 
	7,000.00 
	  	  	Loan transaction fee 	
      DKK 
	  
	  	  	Registration fee 	
      DKK 
	  
	  	  	  	
      DKK 
	  
	  	  	  	
      DKK 
	  
	  	  	  	
      
	  
	  	Total establishment costs to
      be debited to the account 	
      DKK
	7,000.00 
	  	  	  	
      
	  
	 	 	 	 	 
	Contents of the credit 	This credit facility contract
      consists of: 
	facility contract 	•	Part 1 Individual terms and
      conditions 
	  	•	Part 2 The bank’s General Terms and
      Conditions of Business. 
	  	  	  	  	  
	  	  	  	  	  
	Part 1 Individual terms and
      conditions 	  	  
	  	  	  	  	  
	  	  	  	  	  
	Repayment and duration of the credit 	[ ] 	
      The credit facility shall be subject to renegotiation
      every year when the financial statements/annual report/annual statement
      from the Danish tax authorities are/is available. 

	  	  	
      
	
      
	
      

		[ ] 	
      The credit line shall be reduced by DKK on the last
      business day of every month, the first reduction being 

	  	  	
      
	
      
	
      

	  	[ ]	
      The credit facility shall subsist for the time being.
    

	  	  	
      
	
      
	
      

		[x] 	
      The credit facility shall be discharged by the proceeds
      of mortage loan and new foreign currency loan no later than 31 December
      2007. 

	  	  	  	  	  
	  	The debt shall not exceed the current
      line of credit. 

	Interest, commission 
and fee 	
      Lending rate of interest The borrower shall pay a
      floating interest rate on the borrowings under the credit facility,
      equivalent to Danske BID for DKK with a variable addition fixed by the
      bank, currently 1.5000 percentage point. 

As at 1 October 2007 Danske BID for
DKK is 4.6000 percent p.a. Danske BID is floating and is fixed by the bank on
every business day with effect as from the same date.

The current rate of interest is 6.1000
per cent p.a.

Overdraft interest

The borrower shall pay a separate
interest rate (authorised overdraft interest) on any authorised overdraft.
Authorised overdraft interest shall be calculated on the utilised part of the
authorised overdraft.

If the credit line is overdrawn
without prior agreement with the bank, or if the utilisation of the credit
facility contravenes any agreements entered into, the borrower shall pay
separate overdraft interest on such overdraft. 

Overdraft interest shall be payable
from the first day that the credit facility is overdrawn.

Deposit rate of interest

The bank shall pay a floating interest
rate on any account balance. The current interest is 0 per cent p.a. on
deposits.

Commission

The borrower shall pay a variable
commission on the credit line as fixed by the bank.

The current rate of commission is 0
per cent p.a.

Fee

The bank shall be entitled to charge a
fee in connection with the ongoing administration of the credit facility.

Addition of interest and
commission

Lending and deposit interest as well
as commission shall be added to the credit facility four times a year by the
bank. Interest and commission shall be calculated in arrears on 31 March, 30
June, 30 September and 31 December and added on the last business day of the
above-mentioned months. The first addition of interest shall take place at the
end of this quarter.

The bank shall only add interest in
March, June and September if the lending rate of interest – after offsetting the
deposit interest – is higher than or equal to the minimum amount specified in
the bank’s brochure on the calculation of interest etc. Interest, which is
therefore not added, shall be carried forward by the bank and 

added in the following quarter,
however, not later than on the last business day in December.

Changes

The deposit rate of interest shall be
changed in accordance with any changes to Danske BID.

The bank may change the floating
interest rate supplement/deduction in accordance with its General Terms and
Conditions of Business.

The bank may change the floating
commission rates in accordance with its General Terms and Conditions of
Business.

Bank statement

Unless otherwise agreed, the bank
shall send a bank statement after each addition of interest to the account. If
desired, the bank may send several bank statements against payment.

	 	 
	Duty to disclose 	
      In the event of a change of address, the borrower shall
      inform the bank of such change of address. 

	information to the 	
      

	bank 	
      The borrower shall be under an obligation to inform the
      bank of its financial affairs if requested to do so by the bank. This
      shall apply even if the bank has requested no such information when the
      loan was granted. 

	  	
      

		
      As such, the bank shall be entitled to demand disclosure
      of all accounting, budgetary and auditing information, including any
      long-form audit reports, which the bank may deem necessary in order to
      shed light on the borrower’s financial affairs. For companies, such
      information could be an audited annual report with specifications as well
      as budgets, and for other business borrowers, including owner-managed
      businesses, financial statements with a statement of income and assets.
      

	  	
      

		
      Furthermore, the bank may demand information about the
      owner’s/principal shareholder’s personal finances, such as income tax
      returns, annual statements from the Danish tax authorities and budgets.
      

	  	
      

	 	
       

	Information to third- party
      mortgagor/guarantor 	
      The bank may inform any third-party mortgagors/guarantors
      of the balance of the facilities secured by a mortgage or a guarantee.
    

	  	
      

	 	
       

	Insurance premium on pledged assets 	
      If the bank has a pledge on a car, boat and other
      chattels or real property and the pledged asset includes loss insurance
      and/or fire insurance, the borrower shall pay the premium fixed by the
      insurance company from time to time. 

	  	
      

	  	
      

	  	
      If security has been furnished by a third party, the
      borrower shall pay the insurance premium if it is not paid by such
      third party. 

	 

	 	 
	Calling-in 	
      The borrower may terminate the credit facility contract
      and repay the outstanding debt, in full or in part, to the bank at any
      time. 

	  	
       

	  	
       

		
      Notwithstanding any repayment provisions, the bank may
      call in the loan at any time without notice. 

	  	
       

	  	
       

	Breach of contract 	
      The borrowings under the credit facility shall be repaid
      immediately, if: 

	and other events of 	
       

	default 	
      •
      any amount under this credit facility contract is not paid when due
      

	
       
	
       •
	
      the borrower or guarantor 

	
      

      

      

      
	
      

      

      

      
	
      •
	
      becomes the subject of execution or attachment, suspends
      payments, becomes subject to insolvency proceedings, commences
      negotiations on debt restructuring or composition, including asking the
      bank or another creditor for voluntary composition 

	
      

      

      
	
      

      

      
	
      •
	
      takes up residence outside Denmark and prior to the move
      fails to make an agreement with the bank about how the borrowings under
      the credit facility should be repaid 

	
       
	
       
	
      •
	
      dies 

	
      

      
	
      

      
	
      •
	
      discontinues its operations through a merger with another
      company or a demerger 

	
      

      

      

      

      
	
      •
	
      the value of security that the borrower or a third party
      has furnished in the form of shares, bonds, currency, mortgages or other
      price-sensitive securities, or in financial assets, is reduced
      significantly, and no additional security is furnished which is
      satisfactory to the bank within 14 days of the bank having requested such
      security 

	
      

      

      

      
	
      •
	
      insurance taken out on pledged items is not maintained,
      and if the pledgor does not, within 8 days of the bank having issued a
      written request for remedial action to be taken, produce a receipt proving
      that remedial action has been taken 

	
      

      
	
      •
	
      the bank estimates that there has been a significant
      negative change in the borrower’s or guarantor’s financial affairs
  

	
      
	
      •
	
      the borrower does not inform the bank of its financial
      affairs as provided above under ”Duty to disclose information to the bank”
      

	 	 	 
	Environmental affairs 	The borrower undertakes to comply
      with all environmental legislation in force from time to time and any
      environmental approvals that may apply to the borrower’s business. The
      borrower shall inform the bank of any changes in the environmental status
      of the borrower’s business. 
	  	 	  
	  	 	  
	  	 	  
	Special terms 	None 
	  	 	  
	Other terms and 	The following shall also apply to the
      credit facility contract: 
	conditions 	 	  
		
      •
	Part 2 The bank’s General Terms and Conditions
      of Business unless derogated from in Part 1. 
	  	 	  
	  	 	  
		The Terms and Conditions of Business
      contain, among other things, provisions on: 
	  	
      •
	Interest, commission and fee 
	  	
      •
	Offsetting 
	  	
      •
	The bank’s liability in damages.

	 	 
	Borrower’s signature 	
      By signing this credit facility contract, the borrower
      accepts that the bank may change its General Terms and Conditions of
      Business subject to the notice specified in the Terms and Conditions of
      Business. 

	
	  	
      
	 	
      

		
      By signing this document, the borrower declares to owe
      Danske Bank A/S the borrowings under the credit facility from time to time
      plus interest, commission 

	
      and any fees and costs. 
	 	
      

	  	
      
	 	
      

		
      If there is more than one borrower, the borrowers shall
      be jointly and severally liable. 

	  	
      
	 	
      

		
      At the same time, the borrower acknowledges receipt of a
      copy of the credit facility contract. 

	  	
      
	 	
      

	  	
      
	 	
      

	  	
      
	 	
      

	  	
      
	 	
      

	  	
      Date 
	 	
      

	  	
      
	 	
      Date 

	  	
      
	 	
      

	  	
      /s/ Bent Helvang 
	 	
       /s/ Maria Brabrand

	  	
      
	 	
      

	  	
       
	 	
      PROJECT MANAGER MARIA BRABRAND

	  	
      Binding signature 
	 	
      Witness 

	  	
      Bark Property ApS 
	 	
      

	  	
      
	 	
      

	  	
      CHAIRMAN + CEO BENT HELVANG
	 	
      

	  	
      Date 
	 	
      Date 

	  	
      
	 	
      

	  	
      
	 	
      

	  	
      
	 	
      

	  	
      
	 	
      

	  	
      Binding signature 
	 	
      WitnessFiled by Automated Filing Services Inc. (604) 609-0244 - Bark Group Inc. - Exhibit 10.13

EXHIBIT 10.13

130 Shaftesbury Ave, Suite 3.19
London W1D 5EU
United
Kingdom

October 2nd, 2007

Bark Corporation A/S
Sølvgade 10, 5th
floor.
DK-1307 Copenhagen K

Attention: Bent Helvang

Dear Sirs:

	Re: 	The
      Registration and Listing of Bark Corporation A/S (“Bark”) Common Stock
    

This letter summarizes our discussions and represents our
proposal for the direct registration and listing of Bark and its issued share
capital on the American Stock exchange (“AMEX”).

Summary of Proposal
It is our understanding
that Bark is incorporated in Denmark and owns a number of wholly-owned operating
subsidiaries in Denmark.

On this basis we propose a two-stage listing of Bark’s shares
on the AMEX exchange consisting of an initial quotation of Bark’s shares on the
United States National Association of Securities Dealers Over-the-Counter
Bulletin Board (the “OTCBB”) and a subsequent listing of Bark’s shares on the
AMEX.

AMEX listing Requirements
Our initial
discussions were based upon the listing of Bark’s shares on AMEX. AMEX has
certain defined minimum listing requirements for all companies seeking to list
on its exchange. These requirements must be met in order for Bark to list on
AMEX; if these are not already met we must agree the next steps to ensure they
are covered. 

The listing standards applicable are:

	Criteria
	Standard 1 	Standard 2 	Standard 3 
	Pre-Tax Income 	$750,000 	N/A
    	N/A
    
	Market
      Capitalization 	N/A
    	N/A
    	$50
      million 
	Market Value of
      Public Float 	$3
      million 	$15
      million 	$15
      million 
	Minimum Share
      Price 	$3 /
      share 	$3 /
      share 	$2 /
      share 
	Operating History
    	N/A
    	2
      years 	N/A
    
	Shareholder equity
    	$4
      million 	$4
      million 	$4
      million 
	Shareholders / Public Float Shares 			800/500,000 or 400/1,000,000

It is our understanding that Bark at the moment does not meet
these criteria, hence we propose that the listing of Bark’s shares on AMEX be
achieved in a two-step process.

2

Overview of the Proposed Listing Process in the United
States
The process of listing Bark’s shares involves the following
elements:

	Satisfying Bark’s due diligence of Exwal Inc. after which Bark will
  complete a Reverse-Take-Over “RTO” of Exwal Inc., a privately held US company
  with 37 investors, whereby the shareholders of Bark will exchange their Bark
  shares for 12,964,548 shares in the common stock of Exwal Inc. giving Exwal
  Inc. a total amount of 16,205,686 shares issued. 
 
  
	It is a on the conclusion of this transaction, Exwal Inc. will change its
  name to Bark Corp Inc. “Bark Corp” or such similar name, and Bark will be Bark
  Corp’s wholly-owned subsidiary. 
 
  
	Bark Corp will register its share capital in the United States through the
  filing and acceptance of an effective registration statement in Form S-1 with
  the United States Securities and Exchange Commission (the “SEC”). On the
  conclusion of this, Bark Corp. will be a reporting company in the United
  States with its share eligible for trading on the OTCBB. 
 
  
	Subsequent to Bark Corp’s registration of its shares on OTCBB, Bark Corp
  would then use the listing and its business success to build out its
  shareholder base, increase its share price and thus its market capitalization
  to the point it meets one of the AMEX listing standards once achieved, Bark
  Corp would then seek a graduation of its listing to AMEX which is accomplished
  through the preparation, submission and negotiation of a listing application
  to AMEX through a sponsoring market specialist. 
 
  
	DeBondo will liaise with the Exwal Inc. existing shareholders and on a
  best effort basis ensure an orderly exit for the shareholders. 

The process will be as follows, with approx timelines in
brackets: 

	Objective 	Time to
      completion
(cumulative) 
	Preparation of Bark Corp’s GAAP / GAAS Financial Statements
      by a registered auditor. 	30 – 45 days 
	Preparation of
      Form S-1 registration statement and prospectus 	30 – 45 days 
	Filing and Approval of S-1 registration Statement and
      prospectus with the SEC 	60 – 90 days 
	Application for and listing of Bark Corp’s shares on OTCBB
      including preparation of Form 211 filing 	60 – 90 days 
	Building of
      shareholder base and share price on OTCBB 	60 – 90 days 
	Application for and completion of graduation of Bark Corp’s
      shares to AMEX market 	30 – 60 days 
	Engagement of required AMEX specialist market maker to
      sponsor Bark Corp’s listing 	30 – 60 days

Several of the above noted objectives are overlapping.
Consequently, we estimate the following times lines:

	 	(a) 	
      listing of Bark Corp on OTCBB 3 – 4 months after
      commencement of the listing process

	 	(b) 	
      approximately 1 – 2 months to build out shareholder base
      and meet AMEX listing criteria

	 	(c) 	
      listing of Bark Corp on AMEX 1 – 2 months after
      engagement of AMEX market maker specialist

3

Proposal
DeBondo Capital proposes to provide
the advisory services necessary to meet the objectives laid out above and the
services will include:

	Consulting with Bark and all relevant professionals and regulatory bodies
  to structure and package Bark for the most efficient AMEX listing and market
  valuation post-listing on both the OTCBB and AMEX;
  
	Provide and make available a US holding company with 37 investors, which
  enable Bark to fast- track its listing on OTCBB;
  
	Introduce Bark to our broker/dealer network (PacificWave Partners Limited)
  and its institutional investors and secure $10m in funding which will be
  released to Bark Corp as per agreement with PacificWave Partners Limited;
  
	Arrange for Bark and its management team investor-relation road shows in
  both North America and Europe post listing to ensure maximum exposure and
  secure the further funding needed for Bark Corp’s continued acquisition
  strategy. 

In consideration of providing these services, Debondo’s fee
would consist of:

Cash Fee

	An initial payment of $25,000 due and payable on submission of Bark’s
    Form S-1 registration statement with the SEC (upon SEC approval).
  
	A payment of $200,000 on final receipt and acceptance of Bark’s Form
    211 with NASD (issue of ticker symbol);
  
	A payment of US$25,000 due and payable upon Bark’s shares being registered
    on the AMEX exchange. 

Equity Fee

	There will be no equity fee payable to DeBondo. 

In addition to all fees and equity outlined above Bark will
cover all the professional fees of the listing, including but not limited to
professional fees of lawyers, auditors, accountants, filing costs, investor
relations and commissions. DeBondo anticipate the cost of listing Bark on OTCBB
will amount to approximately $150,000, a more detailed budget will be submitted
once Bark has provided a full due diligence package to DeBondo and its SEC
attorneys as the level of complexity of ownership structure of Bark and its
subsidiaries might add to the overall cost of the listing.

The parties agree that in addition, DeBondo will (through its
network of advisors) facilitate an introduction to Bark for any corporate
communications program that Bark may wish to undertake the terms and costs of
which Bark and DeBondo agree will be negotiated as a separate agreement between
the relevant parties.

This letter agreement is governed and construed in accordance
with the laws of England and Wales. However any disagreements regarding this
contract shall be final and binding settled by the Danish institute of
Arbitration (Danish Arbitration) in accordance with the roles adopted by said
institute.

This offer is subject to the following conditions:

	Completion of a due diligence of Bark, satisfactory to DeBondo in its sole
  discretion which will initially and immediately require DeBondo to have access
  to a full and updated business plan as well as full financials. 
 
  
	DeBondo and Bark agreeing to a proposed listing value, market
  capitalization, listing share pricing and proposed free-trading float which is
  accomplished in with our market analysts, specialized marketmaker and the
  AMEX. 
 
  
	Completion of a due diligence of Exwal Inc., satisfactory to Bark in its
  sole discretion which will initially and immediately require Bark to have
  access to a full and updated business plan as well as full financials.

4

	A signed NDA from DeBondo in regarding to Bark strategies and financials.
  

The terms and conditions of the proposal set out herein
constitute a binding contract between the parties upon execution of this
letter.

Bark have the full right to at any time to stop the process if
it develops unexpectedly and against the goals set in this contract in any event
Bark agrees to pay any outstanding balances owed to professional advisors,
approved by Bark.

Yours sincerely,

DEBONDO CAPITAL LIMITED

Per: /s/ Ulrik Debo

_______________________________
Authorized signatory

Agreed and Accepted by Bark effective the 2nd day of
October, 2007.

Bark Corporation A/S

Per: /s/ Bent Helvang

_______________________________
Authorized signatory

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