Termination agreement dated effective August 1, 2009 between Debondo Capital Limited, Debondo Capital Limited (Hong Kong), Bark Group Inc. and Bark Corporation A/S
BARK GROUP INC.
Ostergrade 17-19, 3rd Floor, DK-1100 Copenhagen K, Denmark
August 1, 2009
Debondo Capital Limited
DeBondo Capital Limited (Hongkong)
Suite 813, Hollywood Plaza,
610 Nathan Road,
Kowloon, Hong Kong
Dear Sirs/Mesdames:
We write further to the following agreements:
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Indemnification Agreement between Bark Corporation A/S (Bark) and DeBondo Capital Limited (Hongkong) ("DeBondo HK") dated February 29, 2008 (the "Indemnification Agreement");
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Consulting agreement Bark and DeBondo Capital Limited ("DeBondo") dated October 2, 2007 (the "Consulting Agreement"); and
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Letter Agreement dated June 30, 2008 pursuant to which each of the Indemnification Agreement and the Consulting Agreement were amended (the First Amendment Agreement);
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Letter Agreement dated April 7, 2009 pursuant to which each of the Indemnification Agreement and the Consulting Agreement were further amended (the Second Amendment Agreement).
Further to our discussions, we write to confirm our agreement to amend the Indemnification Agreement and the Consulting Agreement on the following basis:
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The Indemnification Agreement, as amended by the First Amendment Agreement and the Second Amendment Agreement, is hereby terminated.
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The Consultant Agreement, as amended by the First Amendment Agreement and the Second Amendment Agreement, is hereby Terminiated.
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If these terminations to the Indemnification Agreement and the Consulting Agreement are acceptable to DeBondo and DeBondo HK, we ask that you execute a copy of this letter where indicated below and return it to us forthwith.
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Yours truly,
BARK CORPORATION AS
Per: /s/ Bent Helvang
Bent Helvang, Chairman
BARK GROUP INC.
Per: /s/ Bent Helvang
Bent Helvang, Chairman
Accepted and Agreed effective the 01 day of August, 2009. |
DEBONDO CAPITAL LIMITED |
Per: /s/ Ulrik DeBo |
ULRIK DEBO |
Authorized Signatory |
DEBONDO CAPITAL LIMITED (HONGKONG) |
Per: /s/ Ulrik DeBo |
ULRIK DEBO |
Authorized Signatory |