- Nabors Energy Transition Corp. II (NETD) and e2Companies, LLC (e2) entered into a **Settlement Agreement and Release** on **October 14, 2025**, to resolve disputes and mutually terminate their Business Combination Agreement.  **[1975218_0001104659-25-099553_tm2528746d1_ex10-1.htm:0]** **[1975218_0001104659-25-099553_tm2528746d1_8k.htm:2]** 
- As part of the settlement, e2 issued a **secured promissory note** to NETD for an aggregate principal amount of **$29.23 million**.  **[1975218_0001104659-25-099553_tm2528746d1_8k.htm:2]** 
- This promissory note consists of two parts: **$14.615 million** (Fixed Maturity Note) due by **March 31, 2026**, and another **$14.615 million** (Payment Event Note) due by **October 13, 2028**.  **[1975218_0001104659-25-099553_tm2528746d1_ex10-2.htm:0]** **[1975218_0001104659-25-099553_tm2528746d1_8k.htm:2]** 
- The agreement also includes provisions for potential **Trigger Event Payments** from e2 to NETD, equal to **6.5% of e2's equity value in excess of $500 million**, upon certain events occurring within 24 months of the effective date.  **[1975218_0001104659-25-099553_tm2528746d1_ex10-1.htm:1]** 
- The parties agreed to dismiss with prejudice the previously disclosed lawsuit, _Nabors Energy Transition Corp. II, et al. v. e2Companies, LLC_.  **[1975218_0001104659-25-099553_tm2528746d1_8k.htm:2]**