Letter of Bark Group to original shareholders of Bark Group advising as to termination of Repurchase and Lock-Up Agreements, as amended
BARK GROUP INC.
Ostergade 17-19, 3rd Floor, DK-1100 Copenhagen K, Denmark
August 01, 2009
TO THE ORIGINAL SHAREHOLDERS OF BARK GROUP INC.
Dear Sirs/Mesdames:
| Re: | Repurchase and lock-up agreements entered into between Bark Group Inc. (“Bark Group”, formerly Exwal Inc.) and the original shareholders of Bark Group |
We write to advise you that we have determined to terminate and release from you from your obligations pursuant to the repurchase and lock-up agreement entered into between Bark Group and yourself as an original shareholder of Bark Group (the “Repurchase and Lock-Up Agreement”), as amended on July 14, 2009 and April 3, 2009. Accordingly, we confirm that:
-
Bark Group no longer has any right to repurchase your shares of Bark Group under the Repurchase and Lock-Up Agreement, and
-
You may resell your shares of Bark Group without reference to the lock-up agreement originally provided for in the Repurchase and Lock-Up Agreement, provided that you comply with all applicable securities laws in completing any resale of your shares.
Yours truly,
BARK GROUP INC.
/s/ Bent Helvang
Per:
Bent Helvang, Chairman
