Browse EX-10 agreements

THE ELMET GROUP CO.

EXECUTIVE SEVERANCE POLICY

Effective Date: April 17, 2026

Approved By: Board of Directors

1. Purpose

The purpose of this Executive Severance Policy (this “Policy”) is to provide a consistent framework for severance and certain related benefits for selected executives of The Elmet Group Co. and its subsidiaries in the event of specified terminations of employment that are not related to a Change in Control.

2. Covered Executives

This Policy applies only to those executives who are (i) engaged in a role with the title of “Director” or above, and (ii) expressly designated by the Board of Directors or the Compensation Committee to participate (each such executive, a “Covered Executive”). Covered Executives shall be limited to a select group of management or highly compensated employees within the meaning of ERISA Sections 201, 301, and 404.

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THE ELMET GROUP CO.

EXECUTIVE CHANGE IN CONTROL SEVERANCE POLICY

Effective Date: April 17, 2026

Approved By: Board of Directors

1. Purpose

The purpose of this Executive Change in Control Severance Policy (this, “CIC Policy”) is to provide limited severance protection to selected executives of The Elmet Group Co. and its subsidiaries in connection with a Change in Control, in order to promote retention and continuity and to support objective decision making during a potential or completed transaction.

2. Covered Executives

This Policy applies only to those executives who are (i) engaged in a role with the title of “Director” or above, and (ii) expressly designated for participation by the Board of Directors or the Compensation Committee (each such executive, a “Covered Executive”). Covered Executives shall be limited to a select group of management or highly compensated employees within the meaning of ERISA Sections 201, 301, and 404.

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April 3, 2026

Highland Opportunities and Income Fund

NexPoint Diversified Real Estate Trust OP, L.P.

Highland Global Allocation Fund

NRESF REIT Sub II, LLC

Re: Participation Side Agreement – NSP Secured Promissory Note

Ladies and Gentlemen:

Reference is hereby made to (a) that certain Secured Promissory Note, dated as of January 16, 2026, as amended by that certain First Amendment to Secured Promissory Note and Joinder Agreement, dated as of March 25, 2026 (collectively, and as further amended, restated, supplemented or otherwise modified from time to time, the “Note”), made by NexPoint Storage Partners Operating Company, LLC, a Delaware limited liability company (together with the additional co-borrowers joined pursuant to the First Amendment, the “Borrowers”), in favor of NexPoint Real Estate Finance Operating Partnership, L.P., a Delaware limited partnership (“NREF”), in the original maximum principal amount of $40,000,000 (the “Maximum Principal Amount”), and (b) that certain Participation Agreement, dated as of March 25, 2026 (as amended, restated, supplemented or otherwi

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ExecutionVersion

CREDITAGREEMENT

DatedasofMay7,2026 between

VINEBROOKHOMESOPERATINGPARTNERSHIP,L.P.,

as Borrower,

THELENDERSPARTYHERETO,

and

NEXPOINTREALESTATEFINANCEOPERATINGPARTNERSHIP,L.P.,

asAdministrativeAgent,SoleLeadArranger and Sole Bookrunner

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TABLEOFCONTENTS

Page

ArticleI.DefinitionsandAccountingTerms.1

1.01

DefinedTerms1

1.02

OtherInterpretiveProvisions16

1.03

AccountingTerms16

1.04

Rounding17

1.05

TimesofDay17

ArticleII.TheCommitmentandAdvances17

2.01

Loan17

2.02

Borrowing17

2.03

FundingofBorrowings18

2.04

ReductionorEarlyTerminationofRevolvingCommitments18

2.05

VoluntaryandMandatoryPrepayments19

2.06

RepaymentoftheLoanandInterest19

2.07

InterestandPayments19

2.08

ComputationofInterestandFees19

2.09

EvidenceofDebt20

2.10

PaymentsGenerally20

2.11

Fees21

2.12

IncreaseintheRevolvingCommitment21

2.13

PromissoryNotes21

2.14

DefaultingLenders21

2.15

ExtensionofStatedMaturityDate22

ArticleIII.Taxes.22

3.01

Taxes22

3.02

IncreasedCosts26

3.03

MitigationofObligations;ReplacementofLenders27

3.04

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EMPLOYMENT AGREEMENT

This Employment Agreement(this “Agreement”) is effective as of the 12th day of August, 2026 (the “Effective Date”), and is made by and between Global Water Resources, Inc.,a Delaware corporation (the “Company”), and Michael J. Liebman, a resident of the State of Arizona (the “Executive”).

RECITALS

WHEREAS, the Company desires to continue to employ the Executive as its Executive Vice President, Secretary, and Chief Financial Officer, as well as Secretary/Treasurer of Global Water, LLC and all utility subsidiaries, and the Executive desires to continue such employment; and

WHEREAS, the Company and the Executive previously entered into an employment agreement dated as of December 20, 2024 (the “Superseded Agreement”); and

WHEREAS, the parties desire to enter into this Agreement to replace the Superseded Agreement and to set forth the terms and conditions of the Executive’s employment with the Company.

AGREEMENT

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EMPLOYMENT AGREEMENT

This Employment Agreement(this “Agreement”) is effective as of the 12th day of August, 2026 (the “Effective Date”), and is made by and between Global Water Resources, Inc.,a Delaware corporation (the “Company”), and Ron L. Fleming, a resident of the State of Arizona (the “Executive”).

RECITALS

WHEREAS, the Company desires to continue to employ the Executive as its President and Chief Executive Officer, as well as President of Global Water, LLC and all utility subsidiaries, and the Executive desires to continue such employment; and

WHEREAS, the Company and the Executive previously entered into an employment agreement dated as of December 20, 2024 (the “Superseded Agreement”); and

WHEREAS, the parties desire to enter into this Agreement to replace the Superseded Agreement and to set forth the terms and conditions of the Executive’s employment with the Company.

AGREEMENT

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EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is effective as of the 12thday of August 2026 (the “Effective Date”), and is made by and between Global Water Resources, Inc., a Delaware corporation (the “Company”), and Christopher D. Krygier, a resident of the State of Arizona (the “Executive”).

RECITALS

WHEREAS, the Company desires to continue to employ the Executive as its Executive Vice President and Chief Operating Officer, and the Executive desires to continue such employment; and

WHEREAS, the Company and the Executive previously entered into an employment agreement dated as of December 20, 2024 (the “Superseded Agreement”); and

WHEREAS, the parties wish to enter into this Agreement to replace the Superseded Agreement and to set forth the terms and conditions of the Executive’s employment with the Company.

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EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT(hereinafter, this “Agreement”) is effective as of the 12th day of August, 2026 (the “Effective Date”), and is made by and between Global Water Resources, Inc., a Delaware corporation (the “Company”), and Robert J. Kuta, an individual and resident of the State of Arizona (the “Executive”).

RECITALS

WHEREAS, the Company desires to continue to employ the Executive to serve as the Executive Vice President - Engineering, Construction, and Environmental Quality of the Company, and the Executive desires to continue such employment; and

WHEREAS,the Company and the Executive previously entered into an employment agreement dated as of December 31, 2024 (the “Superseded Agreement”); and

WHEREAS, the parties desire to enter into this Agreement to replace the Superseded Agreement and to set forth the terms and conditions of the Executive’s employment with the Company.

AGREEMENT

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**AMENDMENT NO. 1 TO **

**SPONSOR SUPPORT AGREEMENT **

This AMENDMENT NO. 1 TO SPONSOR SUPPORT AGREEMENT (“Amendment No.*** 1*”) is entered into on August 12, 2026, by and among Arrington XRP Capital Fund, LP, a Delaware limited partnership (“Sponsor”), Armada Acquisition Corp. II, a Cayman Islands exempted company (“SPAC”), and Evernorth Holdings Inc., a Nevada corporation (“Pubco”). Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Sponsor Support Agreement (as defined below).

WHEREAS, Sponsor, SPAC and Pubco are party to the Sponsor Support Agreement, dated as of October 19, 2025 (the “Original Sponsor Support Agreement” and, as amended by this Amendment No. 1, the “Amended Sponsor Support Agreement”);

WHEREAS, the parties hereto believe it is in their respective best interests to make certain revisions to the terms of the Original Sponsor Support Agreement; and

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**AMENDMENT NO. 1 TO **

**CONTRIBUTION AGREEMENT **

This AMENDMENT NO. 1 (“Amendment No.*** 1*”) is entered into on August 12, 2026, by and among Evernorth Holdings Inc., a Nevada corporation (“Pubco”), Pathfinder Digital Assets LLC, a Delaware limited liability company (the “Company”), and Ripple Labs Inc., a Delaware corporation (“Contributor”). Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Contribution Agreement (as defined below).

WHEREAS, Pubco, the Company and Contributor are party to the Contribution Agreement, dated as of October 19, 2025 (the “Contribution Agreement” and, as amended by this Amendment No. 1, the “Amended Contribution Agreement”);

WHEREAS, Pubco and the Company believe it is in the best interests of all parties that certain revisions be made to the terms of the Contribution Agreement; and

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**AMENDMENT NO. 1 TO **

**ADVANCE FUNDING SUBSCRIPTION AGREEMENT **

This AMENDMENT NO. 1 (“Amendment No.*** 1*”) is entered into on August 12, 2026, by and among Evernorth Holdings Inc., a Nevada corporation (“Pubco”), Pathfinder Digital Assets LLC, a Delaware limited liability company (the “Company”), Armada Acquisition Corp. II, a Cayman Islands exempted company (“SPAC”), and the undersigned subscriber (“Subscriber”). Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Subscription Agreement (as defined below).

WHEREAS, Pubco, the Company, SPAC and Subscriber are party to the Advance Funding Subscription Agreement, dated as of October 19, 2025 (the “Subscription Agreement” and, as amended by this Amendment No. 1, the “Amended Subscription Agreement”);

WHEREAS, Pubco believes it is in the best interests of all parties that certain revisions be made to the terms of the Subscription Agreement; and

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**AMENDMENT NO. 1 TO **

**SERIES C SUBSCRIPTION AGREEMENT **

This AMENDMENT NO. 1 (“Amendment No.*** 1*”) is entered into on August 12, 2026, by and among Evernorth Holdings Inc., a Nevada corporation (“Pubco”), Pathfinder Digital Assets LLC, a Delaware limited liability company (the “Company”), Armada Acquisition Corp. II, a Cayman Islands exempted company (“SPAC”), and Arrington XRP Capital Fund, LP, a Delaware limited partnership (“Subscriber”). Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Subscription Agreement (as defined below).

WHEREAS, Pubco, the Company, SPAC and Subscriber are party to the Series C Subscription Agreement, dated as of October 19, 2025 (the “Subscription Agreement” and, as amended by this Amendment No. 1, the “Amended Subscription Agreement”);

WHEREAS, Pubco believes it is in the best interests of all parties that certain revisions be made to the terms of the Subscription Agreement; and

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