Browse EX-10 agreements

EXECUTION VERSION

FOURTH AMENDED AND RESTATED TRADE NAME AND TRADEMARK LICENSE AGREEMENT

This Fourth Amended and Restated Trade Name and Trademark License Agreement (this “Agreement”) is executed as of April 23, 2026 and is effective as of the Closing, as defined in that certain the Agreement and Plan of Merger, dated as of the date hereof (the “Merger Agreement”), by and among Helix Energy Solutions Group, Inc. (“Helix”), Hornbeck Offshore Services Inc. and the other parties thereto (the “Commencement Date”), and entered into by and between HFR, LLC, a Texas Limited Liability Company (“Licensor”), and Hornbeck Offshore Operators, LLC, a Delaware Limited Liability Company (“Licensee”). Licensee and Licensor are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”

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SETTLEMENT TERM SHEET

This Settlement Term Sheet is entered into by and among Hornbeck Offshore Services, LLC (“HOS”), Gulf Island Shipyards, LLC (“G1S”), Gulf Island Fabrication, Inc. (“GIFI”), Fidelity & Deposit Company of Maryland (“F&D”) and Zurich American Insurance Company (F&D and Zurich American Insurance Company, collectively, “Zurich”) and made effective as of this 3rd day of October 2023.

For good and valuable consideration, the sufficiency of which is acknowledged, the parties agree to the following settlement terms:

1. HOS revokes its $ 146 million all cash offer.

2. Zurich exercises its option under Paragraph 1 of the bonds to take over the contracts and complete Hulls 369/370. The vessels will be completed at either Bollinger Shipyards or Eastern Shipbuilding Group, or another mutually agreed shipyard.

3. Subject to HOS’ financial contribution below, Zurich will be responsible for the entire cost to complete Hulls 369/370 per the terms of the contracts and the drawings and specifications.

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FIRST AMENDMENT TO CREDIT AGREEMENT

This FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of December 27, 2024, is entered into by and among (i) Hornbeck Offshore Services, Inc., a Delaware corporation, as borrower (the “Borrower”), (ii) the Lenders constituting Required Lenders under Section 11.01 of the Existing Credit Agreement (as defined below) (such Lenders, the “Consenting Lenders”), (iii) Wilmington Trust, National Association (“WT”), as Collateral Agent (in such capacity, the “Collateral Agent”) under the Existing Credit Agreement and as Collateral Trustee (in such capacity, the “Collateral Trustee”) under the Credit Agreement and the First Amendment Collateral Trust Agreement (in each case, as defined below), and (iv) DNB Bank ASA, New York Branch (“DNB”), as administrative agent (the “Administrative Agent”).

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Execution Version

CREDIT AGREEMENT dated as of August 13, 2024 by and among

HORNBECK OFFSHORE SERVICES, INC., as Borrower

DNB BANK ASA, NEW YORK BRANCH, as Administrative Agent,

WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Collateral Agent

and

THE LENDERS PARTY HERETO

DNB MARKETS, INC., JPMorgan Chase Bank, N.A and Barclays bank PLC

as Lead Arrangers and Physical Bookrunners

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TABLE OF CONTENTS

Article I Definitions and Accounting Terms	1
SECTION 1.01   Defined Terms	1
SECTION 1.02   Other Interpretive Provisions	96
SECTION 1.03   Accounting and Finance Terms; Accounting Periods; Unrestricted Subsidiaries	97
SECTION 1.04   Rounding	97
SECTION 1.05   References to Agreements, Laws, Etc	97
SECTION 1.06   Times of Day	97
SECTION 1.07   [Reserved]	97
SECTION 1.08   Pro Forma Calculations; Limited Condition Transactions; Basket and Ratio Compliance	97
SECTION 1.09   Currency Equivalents Generally	100
Article II The Commitments and Borrowings	101
SECTION 2.01   [Reserved]	101

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EXECUTIVE EMPLOYMENT AGREEMENT

THIS AGREEMENT is made as of the         day of         Month         year

B E T W E E N:

VERSAVERSABANK, a corporation continued under the Bank Act (Canada) (hereinafter called “VersaBank”)

OF THE FIRST PART

of the City of London, in the Province of Ontario (Hereinafter referred to as the “Executive”)

OF THE SECOND PART

WHEREAS:

	A.	VersaBank carries on the business of a financial institution (the “Business or Business Activity);

	B.	The Executive has been employed with VersaBank since and most recently in the position of .

	C.	VersaBank and the Executive have agreed to continue the employment relationship for their mutual benefit in accordance with the terms and conditions set out in this Agreement;

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EXECUTIVE EMPLOYMENT AGREEMENT

THIS AGREEMENT is made effective as of the 16th day of June 2025.

BETWEEN:

VERSAHOLDINGS US CORP.

a corporation incorporated under the laws of Delaware

(Hereinafter called the “Employer”)

• and -

DAVID ROY TAYLOR

(Hereinafter called the “Executive”)

WHEREAS the Employer carries on the business of a United States Bank Holding Company;

AND WHEREASthe Executive is a key executive of the Employer and has made and continues to make valuable contributions to the Business;

AND WHEREAS the Executive has been employed with the Employer, or its affiliates and their successors, since January 18, 1993, most recently pursuant to the terms and conditions of an executive agreement dated December 3, 2024 (the “Former Agreement”) between the Executive and VersaBank, a corporation continued under the Bank Act (Canada) (hereinafter, “VersaBank”);

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Exhibit 10.14

EMPLOYMENT AGREEMENT

This Employment Agreement (the “Agreement”) is entered into as of ________ __, 2026 by and between Matthew Hutchings (the “Executive”) and SeeQC UK Limited. (the “Company”), a wholly owned subsidiary of SeeQC, Inc. (the “Parent”). The Executive and the Company are collectively referred to herein as the “Parties”.

RECITALS

WHEREAS, the Company desires to continue to employ the Executive and the Executive desires to continue be employed by the Company on the terms contained herein, which terms shall replace and supersede any and all prior agreements between Executive and the Company related to the Executive’s employment by the Company.

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

1. Employment.

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EMPLOYMENT AGREEMENT

This Employment Agreement (the “Agreement”) is entered into as of _______ __, 2026 by and between Oleg Mukhanov (the “Executive”) and SeeQC, Inc. (the “Company”; the Executive and the Company are collectively referred to as the “Parties”).

RECITALS

WHEREAS, the Company desires to continue to employ the Executive and the Executive desires to continue be employed by the Company on the terms contained herein, which terms shall replace and supersede any and all prior agreements between Executive and the Company related to the Executive’s employment by the Company.

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

1. Employment.

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EMPLOYMENT AGREEMENT

This Employment Agreement (the “Agreement”) is entered into as of ________ __, 2026 by and between Shu-Jen Han (the “Executive”) and SeeQC, Inc. (the “Company”; the Executive and the Company are collectively referred to as the “Parties”).

RECITALS

WHEREAS, the Company desires to continue to employ the Executive and the Executive desires to continue be employed by the Company on the terms contained herein, which terms shall replace and supersede any and all prior agreements between Executive and the Company related to the Executive’s employment by the Company.

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

1. Employment.

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EMPLOYMENT AGREEMENT

This Employment Agreement (the “Agreement”) is entered into as of _______ __, 2026 by and between Raja Bal (the “Executive”) and SeeQC, Inc. (the “Company”; the Executive and the Company are collectively referred to as the “Parties”).

RECITALS

WHEREAS, the Company desires to continue to employ the Executive and the Executive desires to continue be employed by the Company on the terms contained herein, which terms shall replace and supersede any and all prior agreements between Executive and the Company related to the Executive’s employment by the Company.

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

1. Employment.

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EMPLOYMENT AGREEMENT

This Employment Agreement (the “Agreement”) is entered into as of October 2025 (the “Effective Date”) by and between SEEQC, Inc. (the “Company”), and Kanwardev Raja Singh Bal (“Executive”). Executive, together with the Company, are referred to as the “Parties.”

1. Nature of Position.

(a) Since September 2, 2025 (the “Start Date”), Executive has been serving as the Company’s Chief Financial Officer, reporting directly to the Company’s Chief Executive Officer (the “CEO”). In this position, Executive is responsible for the duties and responsibilities typically performed by the principal financial officer of a venture-backed privately held company, and such other duties as may reasonably be assigned to him by the CEO from time to time. Executive agrees that he will perform his duties faithfully and to the best of his ability and will devote his full business efforts and time to the Company.

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EMPLOYMENT AGREEMENT

This Employment Agreement (the “Agreement”) is entered into as of ________ __, 2026 by and between John Levy (the “Executive”) and SeeQC, Inc. (the “Company”; the Executive and the Company are collectively referred to as the “Parties”).

RECITALS

WHEREAS, the Company desires to continue to employ the Executive and the Executive desires to continue be employed by the Company on the terms contained herein, which terms shall replace and supersede any and all prior agreements between Executive and the Company related to the Executive’s employment by the Company.

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

1. Employment.

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