SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASESettlement Agreement • February 10th, 2009 • Basin Water, Inc. • Water supply • California
THIS SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASE (the “Agreement”), entered into as of the 5th day of February, 2009 (“Effective Date”), by and between Basin Water, Inc., a Delaware corporation (“Basin Water”), BionBasin, Inc., a Delaware corporation (“BION”), Opus Trust, Inc., a Nevis corporation (“Opus Trust”), and Martin A. Benowitz, individually and as Trustee of the Martin A. Benowitz Qualified Profit Sharing Plan (the “Plan”) (Martin A. Benowitz individually and in his role as trustee of the Plan sometimes hereinafter are referred to collectively as “Benowitz”), is made with respect to the following facts:
