Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Bark Group Inc. - Exhibit 10.20

EXHIBIT 10.20

FORM OF REPURCHASE AND LOCK-UP AGREEMENT

THIS AGREEMENT (the “Agreement”) dated the <>
  of <>, 2008

BETWEEN:

EXWAL INC., a Nevada
corporation 

(the “Company”) 

AND:

THE UNDERSIGNED SHAREHOLDER OF THE
COMPANY 

(the “Shareholder”) 

(A) The Shareholder is a shareholder of the Company.

(B) The Company contemplates entering into agreements to
purchase all of the issued and outstanding share capital of Bark Corporation
A/S, a Danish corporation.

(C) The shareholders of Bark Corporation A/S will require that
each existing shareholder of the Company enter into this form of Repurchase and
Lock-Up Agreement.

(D) The Shareholder has agreed to enter into and execute this
Repurchase and Lock-Up Agreement in order to facilitate the acquisition.

THIS AGREEMENT WITNESSES that the parties AGREE
as follows:

PART 1

INTERPRETATION

Interpretation

1.1 In this Agreement, except as otherwise expressly provided
or as the context otherwise requires,

(a) “Bark” means Bark
Corporation A/S, a corporation incorporated pursuant to the laws of Denmark;

(b) “Bark Acquisition” means the
acquisition by the Company of all of the issued and outstanding share capital of
Bark pursuant to the Share Purchase Agreements;

(c) “Effective Date” means the
date of this Agreement;

(d) “Financing” means an equity
financing to be completed by the Company whereby the Company will issue not more
than 2,857,143 shares of its common stock for aggregate gross proceeds of not
less than USD $10 million;

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(e) “Financing Termination Date”
means the 30th day of June, 2008;

(f) “Immediate Family” means any
relationship by blood, marriage or adoption, not more remote than first
cousin;

(g) “Lock-Up Termination Date”
means the date which is twelve (12) months from the Trading Date; 

(h) “Option” shall have
  the meaning set forth in Section 2.1 of this Agreement;

 (i) “Option Price”
  means the price of $0.001 per Share; 

(j) “Party” means the
  Company or the Shareholder; 

(k) “SEC” means the
  United States Securities and Exchange Commission;

(l) “Shareholder’s Securities”
means all securities of the Company held by the Shareholder at any time during
the term of this Agreement;

(m) “Share Purchase Agreements”
means separate share purchase agreements to be entered into between the Company
and the shareholders of Bark whereby the Company will agree to complete the Bark
Acquisition;

(n) “Shares” means all shares of
the Company owned by the Shareholder;

(o) “Trading Date” means the
first date for which the shares of the Company’s common stock are eligible for
trading on the OTC Bulletin Board or another public exchange.

1.2 A reference in this Agreement to “approval”,
“authorization” or “consent” means written approval, authorization or
consent.

PART 2

RIGHT OF REPURCHASE

Right of Repurchase

2.1 The Shareholder hereby grants to the Company the right and
option to purchase the Shares for the Option Price (the “Option”) in the
event that: 

(a) the Company completes the Bark
Acquisition; and

(b) the Company is unable to complete
the Financing subsequent to the completion of the Bark Acquisition by the
Financing Termination Date.

2.2 The Company may exercise the Option by delivering to the
Shareholder:

(a) written notice of the exercise of
the Option; and

(b) payment to the Shareholder of the
Option Price for the aggregate number of Shares.

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2.3 The Shareholder hereby appoints the Company and any officer
or director of the Company as its attorney for the purpose of executing all
instruments of transfer necessary to transfer and vest title to the Shares in
the name of the Company, which power of attorney is irrevocable and will be
effective upon exercise of the Option by the Company and completion of the
deliveries by the Company contemplated by Section 2.2 of this Agreement.

2.4 The Shareholder agrees that prior to the Financing
Termination Date, all share certificates representing the Shares will remain in
possession of the Company.

PART 3

SHAREHOLDER CONSENTS

Consent to Acquisition

3.1 The Shareholder hereby consents to the Bark
Acquisition.

Consent to Name Change

3.2 The Shareholder hereby consents to the change of the
corporate name of the Company to “Bark Corporation”.

Consent to Share Consolidation

3.3 The Shareholder hereby consents to the consolidation of the
shares of the Company’s common stock on the basis of one new share for each
existing 2.5 shares.

PART 4

REPRESENTATION AS TO SHARES

Number of Shares

4.1 The Shareholder hereby represents and warrants to the
Company that is the sole legal and beneficial owner of the number of Shares set
forth on the execution page to this Agreement.

4.2 The Shareholder has not granted to any other party, nor
does any other party hold, any direct or indirect investment or voting control
over the Shares.

4.3 The Shareholder has not entered into any agreement with
DeBondo Capital regarding ownership or investment or voting control over the
Shares or the distribution or resale of the Shares.

4.4 The Shareholder will provide to the Company a
representation letter confirming their ownership of the Shares as a condition of
registration of the resale of any Shares on a registration statement to be filed
by the Company with the SEC.

4.5 The Shareholder paid to the Company the full purchase price
for the Shares from its own funds in accordance with the terms and conditions of
the subscription agreement entered into between the Company and the Shareholder
for the purchase of the Shares.

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PART 5

LOCK-UP AGREEMENT

Lock-Up

5.1 The Shareholder agrees that, during the period from the
Effective Date to the Lock-Up Termination Date, the Shareholder will not
directly or indirectly, offer, sell, contract to sell, lend, swap or enter into
any other agreement to transfer the economic consequences of, or otherwise
dispose of or deal with, or publicly announce any intention to offer, sell,
contract to sell, grant or sell any option to purchase, hypothecate, pledge,
transfer, assign, purchase any option or contract to sell, lend, swap or enter
into any agreement to transfer the economic consequences of, or otherwise
dispose of, or deal with, whether through the facilities of a stock exchange, by
private placement or otherwise, any shares of the common stock of the Company
held by the Shareholder as of the Effective Date or subsequently acquired
(collectively, the “Shareholder’s Securities”), directly or indirectly,
except as follows:

(a) the Shareholder may sell the
greater of the following amounts in any thirty day period without restriction,
subject to compliance with applicable securities laws:

(i) 10% of the number of Shares as of
the Effective Date; and

(ii) 12,500 Shares.

(b) such number of shares as is
consented to by the Company in writing, provided that the Company has no
obligation to consent to any sale of Shares in excess of the number of Shares
permitted by this Agreement; and

(c) the Shareholder may tender their
Shares in connection with any tender offer for all, and not less than all, of
the outstanding shares of the Company.

The foregoing restriction is expressly agreed to preclude the
Shareholder from engaging in any hedging or other transaction which is designed
to or which reasonably could be expected to lead to or result in a sale or
disposition of the Shareholder’s Securities even if such securities would be
disposed of by someone other than the Shareholder. Such prohibited hedging or
other transaction would include without limitation any short sale or any
purchase, sale or grant of any right (including without limitation any put or
call option) with respect to any of the Shareholder’s Securities or with respect
to any security that includes, relates to, or derives any significant part of
its value from the Shareholder’s Securities.

Permitted Transfers

5.2 Notwithstanding the foregoing, the Shareholder may transfer
the Shareholder’s Securities:

(a) as a bona fide gift or gifts,
provided that the donee or donees thereof agree to be bound in writing by the
restrictions set forth herein, 

(b) to any trust for the direct or
indirect benefit of the Shareholder or the Immediate Family of the Shareholder,
provided that the trustee of the trust agrees to be bound in writing by the
restrictions set forth herein, and provided further that any such transfer shall
not involve a disposition for value, or 

- 5 -

(c) with the prior written consent of
the Company.

Stop Transfer Instructions and Legend

5.3 The Shareholder also agrees and consents to 

(a) the entry of stop transfer
instructions with the Company’s transfer agent and registrar against the
transfer of the Shareholder’s Securities except in compliance with the foregoing
restrictions, and

(b) the endorsement of a legend on the
certificates representing the Shareholder’s Securities confirming that the
Shareholder’s Securities are subject to a lock-up agreement.

Additional Agreements

5.4 In addition, notwithstanding the foregoing, if the
Shareholder is a corporation, the corporation may transfer the Shareholder’s
Securities to any wholly-owned subsidiary of such corporation; provided,
however, that in any such case, it shall be a condition to the transfer that:

(a) the transferee execute an agreement
stating that the transferee is receiving and holding such securities subject to
the provisions of this Agreement,

(b) the Shareholder shall have given
advance notice of such transfer in writing which notice will include
representation that the transferee has executed the required agreement to be
bound by the provisions of this Agreement, and

(c) the transferee agrees in writing
that the Shareholder’s Securities will be automatically transferred back to the
Shareholder from the transferee up said transferee ceasing to be wholly owned by
the Shareholder,

and there shall be no further transfer of such securities
except in accordance with this Agreement, and provided further that any such
transfer shall not involve a disposition for value. 

PART 6

GENERAL

Entire Agreement

6.1 This Agreement constitutes the entire agreement between the
parties and supersedes every previous agreement, communication, expectation,
negotiation, representation or understanding, whether oral or written, express
or implied, statutory or otherwise, between the parties with respect to the
subject matter of this Agreement.

Severability

6.2 If any provision of this Agreement is at any time
unenforceable or invalid for any reason it will be severable from the remainder
of this Agreement and, in its application at that time, this Agreement will be
construed as though such provision was not contained herein and the remainder
will continue in full force and effect and be construed as if this Agreement had
been executed without the invalid or unenforceable provision.

- 6 -

Amendment

6.3 This Agreement may not be amended except in writing signed
by the parties.

Assignment

6.4 Neither of the parties may assign any right, benefit or
interest in this Agreement without the consent of the other, and any purported
assignment without such consent will be void.

Governing Law

6.5 This Agreement is and will be deemed to have been made in
the State of Nevada and for all purposes will be governed exclusively by and
construed and enforced in accordance with the laws prevailing in the State of
Nevada , and the rights and remedies of the parties will be determined in
accordance with those laws.

Attornment

6.6 Each party irrevocably attorns to the jurisdiction of the
courts the State of Nevada and all courts having appellate jurisdiction
thereover, and any proceeding commenced or maintained in respect of or arising
as a consequence of this Agreement will be commenced or maintained only in such
of those courts as is appropriate.

Notice

6.7 Every notice, request, demand or direction (each a
“Notice”) to be given pursuant to this Agreement by either party to the
other will be in writing and will be delivered or sent by telegram, telecopier,
or other similar form of written communication, in each case, addressed as
applicable as follows:

If to the Company at:

570 Shaw River Way 

  Sacramento, CA 95831

If to the Shareholder at the address set forth below on the execution
  page to this Agreement or to such other address as is specified by the particular
  party by Notice to the other.

6.8 A Notice delivered or sent in accordance with §6.7 will be
deemed to have been given and received:

(a) if delivered, on the day of
delivery, or

(b) if sent by telegram, telecopier or
other similar form of written communication, on the first business day following
the day of transmittal.

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Binding Effect

6.9 This Agreement will enure to the benefit of and be binding
upon the respective successors and permitted assigns of the parties.

Time of Essence

6.10 Time is of the essence in the performance of each
obligation under this Agreement.

Further Assurances

6.11 Each party will, at its own expense and without expense to
the other party, execute and deliver such further agreements and other documents
and do such further acts and things as the other party reasonably requests to
evidence, carry out or give full force and effect to the intent of this
Agreement.

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Counterparts

6.12 This Agreement may be executed in any number of
counterparts with the same effect as if both parties to this Agreement had
signed the same document and all counterparts will be construed together and
will constitute one and the same instrument.

IN WITNESS WHEREOF the parties hereto have executed this
Agreement as of the day and year first above written.

	EXWAL INC. 	 	  
	 	 	 
	Per: 	 	  
	 	 	 
	Authorized Signatory 	 	  
	 	 	 
	EXECUTION BY SHAREHOLDER: 	 	  
	 	 	 
	Number of Shares of Exwal Inc. Held: 	 	Shares 
	 	 	 
	Date of Execution: 	 	 
    
	 	 	 
	Signature of Shareholder or Authorized 	 	  
	Signatory of Shareholder: 	 	 
    
	 	 	 
	Name and Title of Authorized Signatory of 	 	  
	Shareholder (if Shareholder is not an 	 	  
	individual): 	 	 
    
	 	 	 
	Name of Shareholder: 	 	 
    
	 	 	 
	Address of Shareholder: 	 	  
	 	 	 
	E-mail Address of Shareholder: 	 	  
	 	 	 
	Telephone Number of Shareholder:Filed by Automated Filing Services Inc. (604) 609-0244 - Bark Group Inc. - Exhibit 10.21

Danske Bank COPY

EXHIBIT 10.21

		Danske Bank 
	  	Holmens Kanal 2-12 
	  	1092 Copenhagen K 
	  	Denmark 
	Bark Property Aps 	Telephone +45 33 44 00 00 
	Østergade 17, 3.th. 	Telex 27000 daba dk 
	1100 Copenhagen K 	Telegramadr. DANSKEBANK 
	Denmark 	S.W.I.F.T. DABADKKK 

	Ref.: 	Bank ref.: 	Date: 
	Nytorv Department 	41801981/63191 	18 February 2008 
	  	  	  
	Establishing a currency loan 	  	  
	Regarding loans with 	Danske Bank A/S 	  
	  	Copenhagen 	  
	  	  	  
	  	size CHF 1,128,692.44 	  

	The loan may be converted to other currency. 	  	  
	 	 	 
	Total rate for the period of 19.02.2008 - 19.05.2008 has
      been established at 4.22 % per annum, payable when due to the amount of
	CHF 	11,907.71 
	Total service that falls due for payment on 19.05.2008 	CHF 	25,591.00 
	 	 	 
	Settlement 	  	  
	 	 	 
	Currency amount CHF 1, 128,692.44 to be purchased on
      18/02/2008 by the bank at a rate of 465.140000 	DKK 	5, 250,000.02 
	 	 	 
	The amount must be deposited in account number
      XXXXX to that value on 19.02.2008 	  

Yours sincerely
Danske Bank

Danske Bank COPY

	  	Danske Bank 
	  	Holmens Kanal 2-12 
	  	1092 Copenhagen K 
	  	Denmark 
	Bark Property Aps 	Telephone +45 33 44 00 00 
	Østergade 17, 3.th. 	Telex 27000 daba dk 
	1100 Copenhagen K 	Telegramadr. DANSKEBANK 
	Denmark 	S.W.I.F.T. DABADKKK

	Ref.: 	Bank ref.: 	Date: 
	Nytorv Department 	41801981/6319J 	18 February 2008 
	  	  	  
	Establishing a currency loan 	  	  
	Regarding loans with 	Danske Bank A/S 	  
	  	Copenhagen 	  
	  	  	  
	  	size DKK 1,750,000.00 	  

	The loan may be converted to other currency. 	  	  
	 	 	 
	Total rate for the period of 19.02.2008 - 19.05.2008 has
      been established at 6.05 % per annum, payable when due to the amount of
	DKK 	26,468.75 
	Total service that falls due for payment on 19.05.2008 	DKK 	44,833.00 
	 	 	 
	Settlement 	  	  
	 	 	 
	Currency amount 	DKK 	1, 750,000.00 

The amount will be deposited in account number XXXXX to
that value on 19.02.2008

Yours sincerely
Danske Bank

Danske Bank COPY

	  	IOU 
	  	CURRENCY LOAN 
	  	with variable interest 
	  	  
	The borrower’s name and address 	Reg.no. 4180 
	Bark Property Aps 	       
                 Nytorv Dept. 
	Østergade 17, 3.th. 	Account no. XXXXX
	1100 Copenhagen K 	VAT no. 0030898141 
	Denmark 	  
	  	  
	  	  
	  	ANNUITY LOAN 
	  	  
	The borrower has received the following currency
      loan with variable interest from Danske Bank A/S. 
	The loan’s principal sum 	DKK 1,750,000.00 
	The loan amount for payment to the borrower
      constitutes 	DKK 1,750,000.00 
	  	  
	The amount will be deposited in the borrower’s
      account no. XXXXX to that amount on 19.02.2008. 

Interest

The borrower will pay variable interest on the loan set by the
bank. The interest will be established for interest periods of 3 months. The
interest will be established for an interest period 2 international banking days
before the interest period (the date of establishing the interest). The interest
will be established on the basis of the rates at which the bank itself will be
able to take out a loan in the relevant currency on the international currency
markets for the relevant interest period where the bank has applied a variable
supplement. The interest supplement in the first interest period will amount to
1.45 % per annum.

The interest (incl. interest supplement) for the first interest
period from 19.02.2008 until 19.05.2008 has been established at 6.05 % per annum
and amounts to DKK 26,468.75.

Interest for an interest period will be paid in arrears at the
end of the interest period.

Settlement

A payment of DKK 44,833.00 will be paid every 3 months. This
amount covers instalment and interest for the previous interest period.

The first payment will fall due on 19.05.2008 .

Outstanding debt on the loan will fall due for final payment on
20.02.2023.

Dates for the exact due date for the individual payments can be
given on request. Information on a following due date will be shown by the
bank’s advice, which will be sent to the borrower in connection with
establishing the interest for the interest period.

Page 1

Danske Bank COPY

The bank’s right to change the agreed settlement in the
event of interest changes

The size of the payments will be established while taking into
account the interest stated in the document for the first interest period. To
maintain the settlement rate expected on authorisation of the loan, the bank may
by giving 14 days’ notice, but is not obliged to do so, demand a change to the
size of the agreed payments if the interest is changed.

The length of interest periods

After agreement between the bank and borrower, the length of
the first interest period may be established as being shorter or longer than
stated above. An agreement hereon must be reached no later than the date of
establishing the interest. Such an agreement will not lead to a change in the
size of the forthcoming ordinary payments on the loan, however.

Interest calculation

The bank will perform an interest calculation before each
interest period for the loan for the actual number of days in the interest
period on the basis of a calendar year with 360 days as per the following
formula:

interest in % x actual days x amount 
360 x 100

For currencies other than the one originally agreed (cf. below
under points Ordinary Conversion to New Loan Currency and Extraordinary Currency
Risk Conditions), the calculation may take place on the basis of a 365 day
calendar year, and the bank therefore makes reservations for such a change if
the loan is converted to another currency. More detailed information on the
interest calculation method for the individual currencies may be obtained from
the bank at any time.

The interest date is the start date for the interest
calculation and the day on which a movement affects the calculation of interest
on the loan.

Movements on the loan have an effect on the interest as per the
following guidelines:

Interest will be calculated on the loan as of the payment day,
which is usually 2 international banking days after the establishment date. The
payment day is therefore the interest date.

On the transfer of payments and any fees, etc. to the loan from
one of the borrower’s accounts in the bank, the transfer day is normally the
interest date for both the loan and the account in the bank on which the amount
is being drawn.

Otherwise, the borrower can be informed of the bank’s rules for
calculating interest and the interest date on application to the bank. The bank
may change these rules at any time.

Payment of instalments, interest and any fees, etc.

Payment of instalments, interest and any fees, etc. on the loan
will be made to the bank with effective payment in the currency in which the
loan is outstanding at the time it falls due.

If an amount falls due for payment on a day when the bank is
closed for customer transactions, the amount will be paid on the following
banking day, and interest, etc. will be paid up to and including this date.

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Danske Bank COPY

Unless the bank states otherwise, the bank will convert
currency amounts due into Danish kroner on the basis of an exchange rate
established by the bank for the applicable currency 2 international banking days
before it becomes due. The bank is entitled to cash amounts due on one of the
borrower’s accounts in the bank.

The bank will, however, be entitled to demand that payment be
made to a correspondent bank that is indicated by the bank. If this bank is
closed for transactions, the payment shall be correspondingly made on the
following banking day, and interest, etc. shall be paid up to and including this
date.

If the loan falls into arrears, or payments and any fees, etc.
are otherwise not paid at the right time, an arrears interest that is
established by the bank will be paid on the arrears. The arrears interest that
will be paid as of the first day that the loan falls into arrears will be
calculated as a supplement to the interest that will be paid on the loan at any
time. The borrower may obtain information on the applicable rate for arrears
interest on application to the bank.

Ordinary conversion to new loan currency

In connection with establishing the interest for the following
interest period, the loan currency may be changed to another convertible
currency if the bank agrees. The bank will need to have received such a request
at least 4 international banking days before an interest establishment date. On
conversion, the loan’s outstanding debt in the new currency will be established
on the basis of an exchange rate established by the bank at the time of
conversion for the loan currency thus far and the corresponding purchase price
for the future loan currency.

Currency exchange

Currency exchange will take place on the basis of the bank’s
general terms and rates. The bank’s currency will be sold on the basis of the
bank’s exchange rates at the time of the sale. The bank’s currency will be
purchased on the basis of the bank’s purchase prices at the time of the
purchase.

Termination - early redemption

The borrower may redeem the loan in full or in part only at the
end of an interest period. The bank will need to have received a termination
from the borrower at least 2 international banking days before the end of an
interest period.

If the borrower wishes to redeem the loan in full or in part
before the end of an interest period, however, the borrower may ask the bank to
draw up a redemption offer that includes a statement showing the amount that the
bank will accept for redemption of the loan may at a given time. Any potential
offer will contain a regulation stating that a differential interest will be
paid, corresponding to any loss made by the bank by reinvesting on the
international currency markets.

The bank may calculate a fee for drawing up a redemption
offer.

The bank may only terminate the loan by giving 14 days’ notice
to redemption at the end of an interest period (cf. under the point entitled
Infringement, however).

The borrower’s duty to provide information

If the borrower changes address, the bank must be informed of
the new address.

The borrower is obliged to inform the bank of its financial
circumstances to the extent that the bank requests this. This applies also even
if the bank did not demand such information when the currency loan was
granted.

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Danske Bank COPY

The bank is thus entitled to demand all accounting, budget and
audit-related information, including audit entries that, in the opinion of the
bank, are necessary to clarify the borrower’s financial circumstances to be able
to assess the commitment.

Examples of such information for companies may be an audited
annual report with specifications and budgets, and for other commercial
borrowers, including one-man bands, business accounts containing information on
earnings and balance sheet. The bank may also demand an insight into the
holder’s/main shareholder’s own financial circumstances, including a self
assessment, annual statement from the Tax Authority, any receipts for instalment
payments and an overview of the total fixed expenses (budget).

Infringement

Irrespective of agreed terms and rules for termination, the
currency loan will fall due for immediate redemption if: a. any amount in
accordance with this loan agreement is not paid at the right time, b. that the
borrower or guarantor

	1. 	
      suspends his payments, becomes bankrupt or begins estate
      administration for insolvency, introducing debt rescheduling or a scheme
      of arrangement, including asking the bank or another creditor for a
      voluntary scheme of arrangement,

	2. 	
      is subject to distraint or attachment,

	3. 	
      takes up permanent residence outside of the country’s
      borders if the borrower or guarantor has not agreed continued settlement
      of the loan separately before moving,

	4. 	
      dies,

	5. 	
      ceases upon merger with another company or upon
      splitting,

c. the borrower does not inform the bank of his financial
circumstances as said under the point entitled The Borrower’s Duty to Provide
Information,

d. in the bank’s opinion there has been a negative change in
the borrower’s or the guarantor’s financial circumstances, or any security that
is lodged, including a security lodged by a third party, is decreased in the
opinion of the bank, and the borrower does not lodge another satisfactory
security or a supplementary security within 14 days of the bank’s request.

In these cases, the bank will be entitled, at any time
hereafter – as it chooses - to convert the loan to a variable interest loan in
Danish kroner and calculate interest, arrears interest and any fees.

The borrower must indemnify the bank for losses caused to the
bank as a consequence of infringement. The compensation, which will be
calculated as a differential interest, will correspond to any loss incurred by
the bank when reinvesting on the international currency markets.

The bank’s right to a refund of expenses to a third party
and other expenses

Apart from the loan amount, interest, any fees and expenses,
the bank is entitled to demand that the borrower pay:

	all direct expenses arising as a consequence of the loan, e.g. taxes and
  duties and insurance premiums, telephone, fax, telex, telegram and postage
  expenses, etc.,
  
	the bank’s expenses in the event of the loan being infringed, including
  fees for reminder letters, legal expenses, legal assistance, etc. and
  corresponding expenses when collecting amounts from guarantors, and insurance
  premiums paid on insurances of any type that are covered by any possible lien
  of the bank, and that the bank, in its capacity of lien holder, wishes to
  maintain, 

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Danske Bank COPY

	an arrears interest established by the bank if the loan falls into
  arrears,
  
	differential interest in connection with early redemption/infringement,
  
	a fee established by the bank for issuing a redemption offer,
  
	the bank’s expenses in answering questions from public authorities in
  accordance with the legislation, including fees for producing printouts and
  appendices, and for issuing photocopies. 

Information on the fees and rates mentioned may be obtained on
application to the bank.

Cover reservation

Payments on the loan and transfers in foreign currency will be
made with the reservation that the bank receives the amount. This applies also
to payments through cheques drawn on accounts at the bank.

The reservation applies even if it is not mentioned in an
acknowledgement or other advice regarding the payment.

Offsetting

The bank is entitled, without prior advice to the borrower, to
offset any outstanding balances of the borrower that are due or not due that the
borrower may have or obtain with the bank.

The bank is entitled to convert both the bank’s and the
borrower’s outstanding balances in foreign currency to DKK for the purpose of
offsetting. Conversion will take place on the basis of the sale and purchase
prices that are established in the bank at the time of conversion.

Legal action

The IOU may serve as a basis for immediate enforcement (cf. §
478, item 1 of the Administration of Justice Act).

Lodging a security

If a security is lodged through depositing a security or
collateral, please refer to the additional terms and provisos indicated in the
security or collateral documents. A security lodged in the form of a security or
collateral also includes any exchange rate losses on the currency loan, all
unpaid interest, including differential interest and fees, etc.

The bank will be entitled, by giving 14 days’ notice, to demand
a new security or a supplementary security for the purpose of covering the loan
through a lodging a security that, in the opinion of the bank, corresponds to
the value of the currency loan in Danish kroner in relation to the
exchange rate established at any time by the bank for the applicable currency in
which the loan was issued.

Securities lodged also pay for loans that, following
conversion, including conversion in connection with infringement, become valid
instead of the currency loan (conversion loan).

Guarantors and third parties lodging a security (security
lodged by someone other than the borrower) have the opportunity to find out
about the debt on the loan for which a security or collateral has been
lodged.

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Extraordinary currency risk circumstances

If a currency cannot be procured by the bank on the
international currency market, e.g. because the currency has ceased to be
convertible and/or transferable or for some other similar reason, the bank
reserves the right to convert the due amount(s) to another currency of its
choice, irrespective of the abovementioned termination regulations. The
conversion will take place on the basis of the currency rates established by the
bank for the day on which conversion occurs. The bank will provide information
on the conversion through adverts in the daily press or through special advice
to the borrower. The borrower will receive advice in connection with the
conversion.

The banks liability for compensation

The bank is liable for compensation if, due to errors or
omissions, it fulfils obligations too late or inadequately.

The bank will not, however, be liable for losses that are
attributed to:

	failure in the bank’s power supply or telecommunications
  
	legal measures or administrative orders
  
	natural disasters
  
	war, riots, civil unrest, sabotage, terrorism or vandalism (including
  computer viruses and hacking)
  
	strike, lockout, boycott or blockade, irrespective of whether or not the
  conflict is solved or circumvented by the bank itself or the latter’s
  organisation, and irrespective of the reason for the conflict. This also
  applies when the conflict affects only parts of the bank
  
	breakdown in/lack of access to the bank’s IT systems or damage to data in
  these systems that is attributed to abovementioned circumstances, irrespective
  of whether or not the bank itself or an external IT supplier is responsible
  for running the IT systems
  
	other circumstances that are beyond the control of the bank. 

The bank’s discharge from liability applies only if

	the bank could not have foreseen the circumstance that causes the loss
  when the agreement was entered into
  
	the bank could not have avoided or circumvented the cause of the loss
  
	the legislation does not under any circumstances make the bank liable for
  the circumstance that caused the loss. 

The banks transport, etc. of the claim

The bank is entitled to sell the claim in full or in part
according to the loan agreement with any associated securities for domestic or
foreign units of the bank, the bank’s subsidiaries and other financial
institutions and companies. Correspondingly, the bank is entitled to take out a
guarantee or insurance for the claim.

The borrower agrees that the bank may give all information
regarding this loan to possible purchasers of the claim and to possible
guarantors or insurers for the claim. Information will not be given on any other
of the borrower’s business relations with the bank. A party to whom the bank
supplies information will be subject to confidentiality with regard to
confidential treatment of information on the borrower or commit himself to
this.

The borrower agrees to assist at the time of the sale of the
claim, taking out of a guarantee or insurance for the claim and transfer of any
associated securities. The borrower will, among other things, sign new loan and
security documents, etc., should this be required.

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Sale of the claim or the taking out of a guarantee or insurance
for the claim will not mean that the borrower incurs expenses and will not
compromise the borrower’s legal position compared with the legal position that
the borrower has in relation to the bank.

General business terms

The bank’s General Business Terms apply to the extent that they
are not deviated from in this loan document. General business terms are sent to
the borrower.

The borrower hereby agrees to pay Danske Bank A/S the amount
borrowed in the outstanding currency plus interest, any fees and expenses.

If the borrower is two or more persons, each borrower agrees to
be jointly and severally liable vis-à-vis the bank for repayment of the amount
borrowed in the outstanding currency plus interest, any fees and expenses.

The borrower declares that the environmental regulations
applicable at any one time and any environmental certificates that are
applicable to my/our business are observed, and that changes to my/our business’
environmental status will be communicated to the bank.

The bank will not be liable for any loss that the borrower may
ascertain concerning the currency loan as a consequence of fluctuations in
currency exchange rates. The bank has informed the borrower a currency exchange
rate risk is linked to the currency loan, and that there are special tax-related
conditions concerning loans in currency.

The borrower simultaneously acknowledges receipt of a copy of
the IOU and the bank’s General business terms.

	As borrower 	 	 As witness 
	2008	/s/ Bent Helvang
    	 	 
	Date 	Binding signature 	 	 
	 	 	 	 
	Date 	Binding signature 	 	 

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	  	IOU 
	  	with variable interest 
	  	CURRENCY LOAN 
	The borrower’s name and address 	Reg.no. 4180 
	Bark Property Aps 	       
                 Nytorv Dept. 
	Østergade 17, 3.th. 	Account no. XXXXX
	1100 Copenhagen K 	VAT no. 0030898141 
	Denmark 	  

	  	  	ANNUITY LOAN 
	  	  	  
	The borrower has received the following currency
      loan with variable interest from Danske Bank A/S. 
	The loan’s principal sum 	  	CHF 1,128,692.44 
	 	 	 
	Equivalent value in Danish kroner 	DKK 5,250,000.02 	  
	 	 	 
	The loan amount for payment to the
      borrower constitutes 	CHF 1,128,692.44 
	 	 
	The amount will be converted to DKK and settled
      on 18/02/2008 at a rate of 465.140000. 
	The loan will be paid out on 19/02/2008. 	  	  
	 	 	 
	The amount will be deposited in the borrower’s
      account no. XXXXX to that amount on 19.02.2008. 

Interest

The borrower will pay variable interest on the loan set by the
bank. The interest will be established for interest periods of 3 months. The
interest will be established for an interest period 2 international banking days
before the interest period (the date of establishing the interest). The interest
will be established on the basis of the rates at which the bank itself will be
able to take out a loan in the relevant currency on the international currency
markets for the relevant interest period where the bank has applied a variable
supplement. The interest supplement in the first interest period will amount to
1.45 % per annum.

The interest (incl. interest supplement) for the first interest
period from 19.02.2008 until 19.05.2008 has been established at 4.22 % per annum
and constitutes CHF 11,907.71.

Interest for an interest period will be paid in arrears at the
end of the interest period.

Settlement

A payment of CHF 25,591.00 will be paid every 3 months. This
amount covers instalment and interest for the previous interest period.

The first payment will fall due on 19.05.2008 .

Outstanding debt on the loan will fall due for final payment on
20.02.2023.

Dates for the exact due date for the individual payments can be
given on request. Information on a following due date will be shown by the
bank’s advice, which will be sent to the borrower in connection with
establishing the interest for the interest period.

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Danske Bank COPY

The bank’s right to change the agreed settlement in the
event of interest changes

The size of the payments will be established while taking into
account the interest stated in the document for the first interest period. To
maintain the settlement rate expected on authorisation of the loan, the bank may
by giving 14 days’ notice, but is not obliged to do so, demand a change to the
size of the agreed payments if the interest is changed.

The length of interest periods

After agreement between the bank and borrower, the length of
the first interest period may be established as being shorter or longer than
stated above. An agreement hereon must be reached no later than the date of
establishing the interest. Such an agreement will not lead to a change in the
size of the forthcoming ordinary payments on the loan, however.

Interest calculation

The bank will perform an interest calculation before each
interest period for the loan for the actual number of days in the interest
period on the basis of a calendar year with 360 days as per the following
formula:

interest in % x actual days x amount
 360 x 100

For currencies other than the one originally agreed (cf. below
under points Ordinary Conversion to New Loan Currency and Extraordinary Currency
Risk Conditions, the calculation may take place on the basis of a 365 day
calendar year, and the bank therefore makes reservations for such a change if
the loan is converted to another currency. More detailed information on the
interest calculation method for the individual currencies may be obtained from
the bank at any time.

The interest date is the start date for the interest
calculation and the day on which a movement affects the calculation of interest
on the loan.

Movements on the loan have an effect on the interest as per the
following guidelines:

Interest will be calculated on the loan as of the payment day,
which is usually 2 international banking days after the establishment date. The
payment day is therefore the interest date.

On the transfer of payments and any fees, etc. to the loan from
one of the borrower’s accounts in the bank, the transfer day is normally the
interest date for both the loan and the account in the bank on which the amount
is being drawn.

Otherwise, the borrower can be informed of the bank’s rules for
calculating interest and the interest date on application to the bank. The bank
may change these rules at any time.

Payment of instalments, interest and any fees, etc.

Payment of instalments, interest and any fees, etc. on the loan
will be made to the bank with effective payment in the currency in which the
loan is outstanding at the time it falls due.

If an amount falls due for payment on a day when the bank is
closed for customer transactions, the amount will be paid on the following
banking day, and interest, etc. will be paid up to and including this date.

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Danske Bank COPY

Unless the bank states otherwise, the bank will convert
currency amounts due into Danish kroner on the basis of an exchange rate
established by the bank for the applicable currency 2 international banking days
before it becomes due. The bank is entitled to cash amounts due on one of the
borrower’s accounts in the bank.

The bank will, however, be entitled to demand that payment be
made to a correspondent bank that is indicated by the bank. If this bank is
closed for transactions, the payment shall be correspondingly made on the
following banking day, and interest, etc. shall be paid up to and including this
date.

If the loan falls into arrears, or payments and any fees, etc.
are otherwise not paid at the right time, an arrears interest that is
established by the bank will be paid on the arrears. The arrears interest that
will be paid as of the first day that the loan falls into arrears will be
calculated as a supplement to the interest that will be paid on the loan at any
time. The borrower may obtain information on the applicable rate for arrears
interest on application to the bank.

Ordinary conversion to new loan currency

In connection with establishing the interest for the following
interest period, the loan currency may be changed to another convertible
currency if the bank agrees. The bank will need to have received such a request
at least 4 international banking days before an interest establishment date. On
conversion, the loan’s outstanding debt in the new currency will be established
on the basis of an exchange rate established by the bank at the time of
conversion for the loan currency thus far and the corresponding purchase price
for the future loan currency.

If the loan is converted to a new loan currency, future
services will constitute the equivalent value of the originally established
service converted to the new currency.

Currency exchange

Currency exchange will take place on the basis of the bank’s
general terms and rates. The bank’s currency will be sold on the basis of the
bank’s exchange rates at the time of the sale. The bank’s currency will be
purchased on the basis of the bank’s purchase prices at the time of the
purchase.

Termination - early redemption

The borrower may redeem the loan in full or in part only at the
end of an interest period. The bank will need to have received a termination
from the borrower at least 2 international banking days before the end of an
interest period.

If the borrower wishes to redeem the loan in full or in part
before the end of an interest period, however, the borrower may ask the bank to
draw up a redemption offer that includes a statement showing the amount that the
bank will accept for redemption of the loan at a given time. Any potential offer
will contain a regulation stating that a differential interest will be paid,
corresponding to any loss made by the bank by reinvesting on the international
currency markets.

The bank may calculate a fee for drawing up a redemption
offer.

The bank may only terminate the loan by giving 14 days’ notice
to redemption at the end of an interest period (cf. under the point entitled
Infringement, however).

The borrower’s duty to provide information

If the borrower changes address, the bank must be informed of
the new address.

The borrower is obliged to inform the bank of its financial
circumstances to the extent that the bank requests this. This applies also even
if the bank did not demand such information when the currency loan was
granted.

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Danske Bank COPY

The bank is thus entitled to demand all accounting, budget and
audit-related information, including audit entries that, in the opinion of the
bank, are necessary to clarify the borrower’s financial circumstances to be able
to assess the commitment.

Examples of such information for companies may be an audited
annual report with specifications and budgets, and for other commercial
borrowers, including one-man bands, business accounts containing information on
earnings and balance sheet. The bank may also demand an insight into the
holder’s/main shareholder’s own financial circumstances, including a self
assessment, annual statement from the Tax Authority, any receipts for instalment
payments and an overview of the total fixed expenses (budget).

Infringement

Irrespective of agreed terms and rules for termination, the currency
  loan will fall due for immediate redemption if: 

a. any amount in accordance with this loan agreement is not paid
  at the right time, 

b. that the borrower or guarantor

	6. 	
      suspends his payments, becomes bankrupt or begins estate
      administration for insolvency, introducing debt rescheduling or a scheme
      of arrangement, including asking the bank or anther creditor for a
      voluntary scheme of arrangement,

	7. 	
      is subject to distraint or attachment,

	8. 	
      takes up permanent residence outside of the country’s
      borders if the borrower or guarantor has not agreed continued settlement
      of the loan separately before moving,

	9. 	
      dies,

	10. 	
      ceases upon merger with another company or upon
      splitting,

c. the borrower does not inform the bank of his financial
circumstances as said under the point entitled The Borrower’s Duty to Provide
Information,

d. in the bank’s opinion there has been a negative change in
the borrower’s or the guarantor’s financial circumstances, or any security that
is lodged, including a security lodged by a third party, is decreased in the
opinion of the bank, and the borrower does not lodge another satisfactory
security or a supplementary security within 14 days of the bank’s request.

In these cases, the bank will be entitled, at any time
hereafter – as it chooses - to convert the loan to a variable interest loan in
Danish kroner and calculate interest, arrears interest and any fees.

The borrower must indemnify the bank for losses caused to the
bank as a consequence of infringement. The compensation, which will be
calculated as a differential interest, will correspond to any loss incurred by
the bank when reinvesting on the international currency markets.

The bank’s right to a refund of expenses to a third party
and other expenses

Apart from the loan amount, interest, any fees and expenses,
the bank is entitled to demand that the borrower pay:

	all direct expenses arising as a consequence of the loan, e.g. taxes and
  duties and insurance premiums, telephone, fax, telex, telegram and postage
  expenses, etc.,
  
	the bank’s expenses in the event of the loan being infringed, including
  fees for reminder letters, legal expenses, legal assistance, etc. and
  corresponding expenses when collecting amounts from guarantors, and insurance
  premiums paid on insurances of any type that are covered by any possible lien
  of the bank, and that the bank, in its capacity of lien holder, wishes to
  maintain, 

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Danske Bank COPY

	an arrears interest established by the bank if the loan falls into
  arrears,
  
	differential interest in connection with early redemption/infringement,
  
	a fee established by the bank for issuing a redemption offer,
  
	the bank’s expenses in answering questions from public authorities in
  accordance with the legislation, including fees for producing printouts and
  appendices, and for issuing photocopies. 

Information on the fees and rates mentioned may be obtained on
application to the bank.

Cover reservation

Payments on the loan and transfers in foreign currency will be
made with the reservation that the bank receives the amount. This applies also
to payments through cheques drawn on accounts at the bank.

The reservation applies even if it is not mentioned in an
acknowledgement or other advice regarding the payment.

Offsetting

The bank is entitled, without prior advice to the borrower, to
offset any outstanding balances of the borrower that are due or not due that the
borrower may have or obtain with the bank.

The bank is entitled to convert both the bank’s and the
borrower’s outstanding balances in foreign currency to DKK for the purpose of
offsetting. Conversion will take place on the basis of the sale and purchase
prices that are established in the bank at the time of conversion.

Legal action

The IOU may serve as a basis for immediate enforcement (cf. §
478, item 1 of the Administration of Justice Act).

Lodging a security

If a security is lodged through depositing a security or
collateral, please refer to the additional terms and provisos indicated in the
security or collateral documents. A security lodged in the form of a security or
collateral also includes any exchange rate losses on the currency loan, all
unpaid interest, including differential interest and fees, etc.

The bank will be entitled, by giving 14 days’ notice, to demand
a new security or a supplementary security for the purpose of covering the loan
through a lodging a security that, in the opinion of the bank, corresponds to
the value of the currency loan in Danish kroner in relation to the
exchange rate established at any time by the bank for the applicable currency in
which the loan was issued.

Securities lodged also pay for loans that, following
conversion, including conversion in connection with infringement, become valid
instead of the currency loan (conversion loan).

Guarantors and third parties lodging a security (security
lodged by someone other than the borrower) have the opportunity to find out
about the debt on the loan for which a security or collateral has been
lodged.

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Danske Bank COPY

Extraordinary currency risk circumstances

If a currency cannot be procured by the bank on the
international currency market, e.g. because the currency has ceased to be
convertible and/or transferable or for some other similar reason, the bank
reserves the right to convert the due amount(s) to another currency of its
choice, irrespective of the abovementioned termination regulations. The
conversion will take place on the basis of the currency rates established by the
bank for the day on which conversion occurs. The bank will provide information
on the conversion through adverts in the daily press or through special advice
to the borrower. The borrower will receive advice in connection with the
conversion.

The banks liability for compensation

The bank is liable for compensation if, due to errors or
omissions, it fulfils obligations too late or inadequately.

The bank will not, however, be liable for losses that are
attributed to:

	failure in the bank’s power supply or telecommunications
  
	legal measures or administrative orders
  
	natural disasters
  
	war, riots, civil unrest, sabotage, terrorism or vandalism (including
  computer viruses and hacking)
  
	strike, lockout, boycott or blockade, irrespective of whether or not the
  conflict is solved or circumvented by the bank itself or the latter’s
  organisation, and irrespective of the reason for the conflict. This also
  applies when the conflict affects only parts of the bank
  
	breakdown in/lack of access to the bank’s IT systems or damage to data in
  these systems that is attributed to abovementioned circumstances, irrespective
  of whether or not the bank itself or an external IT supplier is responsible
  for running the IT systems
  
	other circumstances that are beyond the control of the bank 

The bank’s discharge from liability applies only if

	the bank could not have foreseen the circumstance that causes the loss
  when the agreement was entered into
  
	the bank could not have avoided or circumvented the cause of the loss
  
	the legislation does not under any circumstances make the bank liable for
  the circumstance that caused the loss. 

The banks transport, etc. of the claim

The bank is entitled to sell the claim in full or in part
according to the loan agreement with any associated securities for domestic or
foreign units of the bank, the bank’s subsidiaries and other financial
institutions and companies. Correspondingly, the bank is entitled to take out a
guarantee or insurance for the claim.

The borrower agrees that the bank may give all information
regarding this loan to possible purchasers of the claim and to possible
guarantors or insurers for the claim. Information will not be given on any other
of the borrower’s business relations with the bank. A party to whom the bank
supplies information will be subject to confidentiality with regard to
confidential treatment of information on the borrower or commit himself to
this.

The borrower agrees to assist at the time of the sale of the
claim, taking out of a guarantee or insurance for the claim and transfer of any
associated securities. The borrower will, among other things, sign new loan and
security documents, etc., should this be required.

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Danske Bank COPY

Sale of the claim or the taking out of a guarantee or insurance
for the claim will not mean that the borrower incurs expenses and will not
compromise the borrower’s legal position compared with the legal position that
the borrower has in relation to the bank.

General business terms

The bank’s General Business Terms apply to the extent that they
are not deviated from in this loan document. General business terms are sent to
the borrower.

The borrower hereby agrees to pay Danske Bank A/S the amount
borrowed in the outstanding currency plus interest, any fees and expenses.

If the borrower is two or more persons, each borrower agrees to
be jointly and severally liable vis-à-vis the bank for repayment of the amount
borrowed in the outstanding currency plus interest, any fees and expenses.

The borrower declares that the environmental regulations
applicable at any one time and any environmental certificates that are
applicable to my/our business are observed, and that changes to my/our business’
environmental status will be communicated to the bank.

The bank will not be liable for any loss that the borrower may
ascertain concerning the currency loan as a consequence of fluctuations in
currency exchange rates. The bank has informed the borrower a currency exchange
rate risk is linked to the currency loan, and that there are special tax-related
conditions concerning loans in currency.

The borrower simultaneously acknowledges receipt of a copy of
the IOU and the bank’s General business terms.

	As borrower 	 	As witness 
	 	 	/s/ Bent Helvang 
	 	/s/ Bent Helvang, CEO 	 	 
	Date 	Binding signature 	 	CHAIRMAN BENT HELVANG 
	 	 	 	 
	Date 	Binding signature 	 	  

Page 7

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