EXHIBIT 2.1 ----------- BIW LIMITED 230 Beaver Street Ansonia, Connecticut 06401 (203) 735-1888 August 7, 2007 South Central Connecticut Regional Water Authority 90 Sargent Drive New Haven, CT 06511-5966 Attn: David Silverstone, President RE: CLARIFICATION AND WAIVER OF CERTAIN PROVISIONS OF AGREEMENT AND PLAN OF MERGER DATED AS OF JUNE 29, 2007 ("AGREEMENT") Dear Mr. Silverstone: Reference is hereby made to the Agreement by and among BIW Limited ("BIW"), South Central Connecticut Regional Water Authority ("RWA") and RWA21, Ltd. ("Merger Sub"). Unless otherwise provided, capitalized terms set forth therein shall have the meanings ascribed to them in the Agreement. The parties to the Agreement hereby agree to clarify and waive certain provisions of the Agreement as follows: 1. Required Vote. Notwithstanding anything to the contrary contained in the Agreement, the defined term "Required Atlantis Vote" shall mean the affirmative vote of the holders of a majority of the outstanding shares of Atlantis Common Stock. 2. Opinion of Atlantis Financial Advisor. Notwithstanding the language contained in Section 3.1(u) of the Agreement, the opinion of Carter Capital Corporation shall only address the fairness of the Merger Consideration, from a financial point of view, to the shareholders of Atlantis, not to Atlantis itself. 3. No Other Changes. Except as expressly provided by this letter agreement, the terms and conditions of the Agreement shall continue to govern the respective rights and obligations of the parties hereto. [SIGNATURE PAGE FOLLOWS.] South Central Connecticut Regional Water Authority August 7, 2007 Page 2 of 2 Kindly indicate your agreement with the above by signing in the space indicated below. Very truly yours, BIW Limited By: /S/ BETSY HENLEY-COHN --------------------------- Betsy Henley-Cohn Chair of the Board of Directors and Chief Executive Officer Accepted and Approved: RWA21 Ltd. By: /S/ DAVID SILVERSTONE --------------------------- David Silverstone Its President and Chief Executive Officer South Central Connecticut Regional Water Authority By: /S/ DAVID SILVERSTONE --------------------------- David Silverstone Its President and Chief Executive Officer