Browse EX-10 agreements

TWELFTH AMENDMENT TO CREDIT AGREEMENT

This TWELFTH AMENDMENT TO CREDIT AGREEMENT, dated as of August 28, 2026 (this “Amendment”), is entered into by and among (a) PURECYCLE TECHNOLOGIES, INC., a Delaware corporation (the “Borrower”), (b) PURECYCLE TECHNOLOGIES HOLDINGS CORP., a Delaware Corporation (“Holdings”), (c) PURECYCLE TECHNOLOGIES, LLC, a Delaware limited liability company (“PureCycle LLC”), (d) PURECYCLE AUGUSTA, LLC, a Delaware limited liability company (“PureCycle Augusta”), (e) PURECYCLE (THAILAND) COMPANY LIMITED, a Thai limited liability company (“PureCycle Thailand” and, together with Holdings, PureCycle LLC and PureCycle Augusta, collectively, the “Guarantors”), (f) KROLL TRUSTEE SERVICES (HK) LIMITED, as Administrative Agent (in such capacity, the “Administrative Agent”), and (g) KROLL TRUSTEE SERVICES (HK) LIMITED, as Security Agent (in such capacity, the “Security Agent”).

PRELIMINARY STATEMENTS:

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Execution Version

SPLITDOLLARLIFEINSURANCEAGREEMENT

THIS SPLIT DOLLAR AGREEMENT (this “Agreement”) by and between Santa Cruz County Bank (the “Employer”) Krista Snelling (the “Executive”), madethis 3rdday of August 2021, formalizes the agreements and understanding between the Employer and the Executive.

WITNESSETH:

WHEREAS,theExecutiveisemployedbytheEmployer;

WHEREAS, the Employer recognizes the valuable services the Executive has performedfortheEmployerandwishestoencouragetheExecutive’scontinuedemployment and to provide the Executive with additional incentive to achieve corporate objectives;

WHEREAS,theEmployerwishestoprovidethetermsandconditionsuponwhichthe Employer shall share the death proceeds of certain life insurance policies with the Executive’s designated beneficiary;

NOW THEREFORE, in consideration of the premises and of the mutual promises herein contained, the Employer and the Executive agree as follows:

ARTICLE 1

DEFINITIONS

Whenever used in this Agreement, the following terms shall have the meanings specified:

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EMPLOYMENT AGREEMENT

This Employment Agreement ("Agreement”) is made and entered into as of April 21, 2021, by and between Santa Cruz County Bank (the “Bank”) and Angelo De Bernardo (the “Executive”) for the purposes set forth hereinafter.

RECITALS

WHEREAS, the Bank is a California State chartered bank subject to the supervision and regulation of the Department of Financial Protection and Innovation (“DFPI”) and the Federal Deposit Insurance Corporation (“FDIC”);

WHEREAS, the Bank’s corporate headquarters are located at 75 River Street, Santa Cruz, CA 95060.

WHEREAS, the Executive serves as the Executive Vice President/Chief Lending Officer of the Bank.

WHEREAS, it is the intention of the parties in entering into this Agreement to set forth certain of the Bank and Executive rights and obligations with respect to Executive's employment as Executive Vice President/Chief Lending Officer of the Bank.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the Bank and the Executive agree as follows:

AGREEMENT

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SANTA CRUZ COUNTY BANK

2014 OMNIBUS PLAN

Santa Cruz County Bank (“Company”) hereby adopts the 2014 Omnibus Plan (“Plan”) as set forth in this document. The Plan permits the grant of nonstatutory options, incentive stock options and restricted stock awards (individually or collectively referred to as an “Equity Award”).

1.    Purpose of the Plan.

The purpose of the Plan is to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Directors and Employees of the Company and to promote the success of the Company’s business. Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Administrator at the time of grant of an Option and subject to the applicable provisions of Section 422 of the Code and the regulations promulgated thereunder. In addition, Restricted Stock Awards may be granted under the Plan to Directors and Employees. The Options and Restricted Stock Awards offered pursuant to the Plan are a matter of separate inducement and are not in lieu of

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WestCoastCommunityBancorp2024Equity-BasedCompensationPlan

I.THEPLAN

1.1.    Purpose.    Thepurposeofthis2024Equity-BasedCompensationPlan(the“Plan”)istopromotethe success of the Company by providing an additional means through the grant of Awards to attract, motivate, and retain key employees, including officers, and directors of the Company through the grant of stock-based compensation awards and incentives for high levels of individual performance and improved financial performance of the Company.

1.2.    Definitions.

(a)    “Award” shall mean an award of any Option, Restricted Stock Award, Restricted Share Unit Award, PerformanceShareAward,DividendEquivalent,oranycombinationthereof(including,butnotlimitedto restrictedunits or other deferred Awards), whether alternative or cumulative, authorizedbyandgranted under this Plan.

(b)    “Award Agreement” shall mean a written agreement signed bythe Participant setting forththe terms and conditions of an Award granted to the Participant as determined by the Committee

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Execution Version

SPLITDOLLARLIFEINSURANCEAGREEMENT

THISSPLITDOLLARAGREEMENT(this “Agreement”)byandbetweenSantaCruz County Bank (the“Employer”) Angelo DeBarnardo (the“Executive”), made this 1stday of September2020,formalizestheagreementsandunderstandingbetweentheEmployerand theExecutive.

WITNESSETH:

WHEREAS,theExecutiveisemployedbytheEmployer;

WHEREAS, the Employer recognizes the valuable services the Executive has performedfor theEmployerand wishes to encouragetheExecutive’s continuedemployment andtoprovidetheExecutivewithadditionalincentivetoachievecorporateobjectives;

WHEREAS,theEmployerwishestoprovidethe termsandconditions uponwhichthe Employer shall share the death proceeds of certain life insurance policies with the Executive’s designated beneficiary;

NOW THEREFORE, in consideration of thepremises and of the mutual promises herein contained, the Employer and the Executive agree as follows:

ARTICLE 1

DEFINITIONS

Whenever used in this Agreement, the following terms shall have the meanings specified:

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SPLIT DOLLAR LIFE INSURANCE AGREEMENT

THIS SPLIT DOLLAR AGREEMENT (this “Agreement”) by and between West Coast Community Bank (the “Employer”) and Min C. Situ (the “Executive”), made this 16th day of December 2025, formalizes the agreements and understanding between the Employer and the Executive.

WITNESSETH:

WHEREAS, the Executive is employed by the Employer;

WHEREAS, the Employer recognizes the valuable services the Executive has performed for the Employer and wishes to encourage the Executive’s continued employment and to provide the Executive with additional incentive to achieve corporate objectives;

WHEREAS, the Employer wishes to provide the terms and conditions upon which the Employer shall share the death proceeds of certain life insurance policies with the Executive’s designated beneficiary;

NOW THEREFORE, in consideration of the premises and of the mutual promises herein contained, the Employer and the Executive agree as follows:

ARTICLE 1

DEFINITIONS

Whenever used in this Agreement, the following terms shall have the meanings specified:

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SALARYCONTINUATIONAGREEMENT

This Salary Continuation Agreement (the "Agreement") by and between West Coast CommunityBank (the"Employer") and Min CeciliaSitu (the"Executive"), madeasofthe1stday of May 2025, formalizes the agreements and understanding between the Employer and the Executive.

WITNESSETH:

WHEREAS,theExecutive isemployedbytheEmployer;

WHEREAS, the Employer recognizes the valuable services the Executive has performed for the Employer and wishes toencourage the Executive's continued employment andtoprovidetheExecutivewithadditional incentivetoachievecorporateobjectives;

WHEREAS, theEmployer wishes toprovide thetermsand conditions uponwhich the Employershall payadditionalretirement benefitstotheExecutive;

WHEREAS, the Employer and the Executive intend thisAgreement shall at all times beadministered andinterpreted incompliancewithCodeSection409A;and

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Failure to accurately document your arrangement could result in significant losses, from claims of those participating in the arrangement, from their heirs and beneficiaries, or from federal or state governmental bodies including the Internal Revenue Service, the Department of Labor or bank examiners.

For companies subject to SEC regulation, implementation of an executive or director compensation program may trigger rules requiring disclosures on Form 8-K within four days of implementing the program. Consult with your SEC attorney to determine your responsibilities under those rules.

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SALARY CONTINUATION AGREEMENT

This Salary Continuation Agreement (the “Agreement”) by and between Santa Cruz County Bank, headquartered in Santa Cruz County, California (the “Employer”), Krista Snelling (the “Executive”), made this 3rdday of August 2021, formalizes the agreements and understanding between the Employer and the Executive.

WITNESSETH:

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SALARY CONTINUATION AGREEMENT

This Salary Continuation Agreement (the “Agreement”) by and between Santa Cruz County Bank, headquartered in Santa Cruz County, California (the “Employer”), Angelo DeBernardo (the “Executive”), made this 1day of September 2020, formalizes the agreements and understanding between the Employer and the Executive.

WITNESSETH:

WHEREAS, the Executive is employed by the Employer;

WHEREAS, the Employer recognizes the valuable services the Executive has performed for the Employer and wishes to encourage the Executive’s continued employment and to provide the Executive with additional incentive to achieve corporate objectives;

WHEREAS, the Employer wishes to provide the terms and conditions upon which the Employer shall pay additional retirement benefits to the Executive;

WHEREAS, the Employer and the Executive intend this Agreement shall at all times be administered and interpreted in compliance with Code Section 409A; and

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EMPLOYMENT AGREEMENT

This Employment Agreement (“Agreement') is made and entered into as of October 27, 2022, by and between Santa Cruz County Bank (the “Bank”) and Min Cecilia Situ (the “Executive”) for the purposes set forth hereinafter.

RECITALS

WHEREAS, the Bank is a California State chartered bank subject to the supervision and regulation of the Department of Financial Protection and Innovation (“DFPI) and the Federal Deposit Insurance Corporation (“FDIC”);

WHEREAS, the Bank’s corporate headquarters are located at 75 River Street, Santa Cruz, CA 95060.

WHEREAS, the Executive serves as the Executive Vice President and Chief Financial Officer of the Bank pursuant to his/her appointment to such position effective as of October 27,2022.

WHEREAS, it is the intention of the parties in entering into this Agreement to set forth certain of the Bank and Executive rights and obligations with respect to Executive’s employment as Executive Vice President and Chief Financial Officer of the Bank.

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EMPLOYMENTAGREEMENT

This Employment Agreement (“Agreement”) is made and entered into as of January 1, 2026, by andbetweenWestCoastCommunityBank(the“Bank”)andKristaSnelling(the“Executive”)for the purposes set forth hereinafter.

RECITALS

WHEREAS, the Bank is a California State chartered bank subject to the supervision and regulation of the Department of Financial Protection and Innovation (“DFPI”) and the Federal Deposit Insurance Corporation (“FDIC”);

WHEREAS,theBank’scorporateheadquartersarelocatedat75RiverStreet,SantaCruz, CA 95060.

WHEREAS,theExecutiveservesastheChairmanandChiefExecutiveOfficeroftheBank pursuant to her appointment to the President and ChiefExecutive Officer position effective as of March 1, 2021.

WHEREAS,theExecutivecurrentlyservesasChairmanof theBank while serving asthe Bank’s President and Chief Executive Officer. Upon removal or retirement, as the Bank’s President and ChiefExecutive Officer, theExecutiveshall immediately resign from theBoard of Directors.

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