SETTLEMENT AGREEMENT, WAIVER AND MUTUAL RELEASESettlement Agreement • November 26th, 2010 • Nevada Geothermal Power Inc • Miscellaneous metal ores • Nevada
This Settlement Agreement , Waiver and Mutual Release (“Agreement”) is entered into on August 20, 2010, (“Effective Date”) by and between (i) NGP Blue Mountain I LLC (“NGP1” or “Owner”) for itself and on behalf of its past, present and future parent entities, affiliates, subsidiaries, shareholders, officers, directors, partners, partnerships, fiduciaries, trustees and each of such entities’ and persons’ respective employees, agents, members, predecessors, successors, assigns and attorneys (collectively, including Parent - “Owner Entities”), (ii) NGP Blue Mountain Holdco LLC (“Parent”), and (iii) Ormat Nevada Inc. (“Ormat” or “Contractor”), for itself and on behalf of its past, present and future parent entities, affiliates, subsidiaries, shareholders, officers, directors, partners, partnerships, fiduciaries, trustees and each of such entities’ and persons’ respective employees, agents, members, predecessors, successors, assigns and attorneys (collectively – “Ormat Entities”). For ease
