0001144204-12-070192 Sample Contracts

VIA E-MAIL and HAND DELIVERY Albert Hidalgo
Bioanalytical Systems Inc • December 31st, 2012 • Services-commercial physical & biological research
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BASi Letterhead] July 4, 2012
Bioanalytical Systems Inc • December 31st, 2012 • Services-commercial physical & biological research

You have indicated that you intend to resign from your position as President and Chief Executive Officer and as a director of Bioanalytical Systems, Inc. ("BASi" or "Company"). This letter will confirm certain agreements between you and the Company concerning the resolution of all contractual and other matters between the parties.

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