Boardroom Alpha
Start trial
S-1/A primary document
ELMT · Amended Registration Statement (Form S-1/A) · Filed April 14, 2026

Elmet Group Co — S-1/A exhibit

ea027036005ex10-5.htm
Elmet Group Co on Boardroom Alpha

Exhibit 10.5

 

Certain portions of this exhibit have been omitted pursuant to Item 601(b)(10)(iv). The Company hereby agrees to furnish supplementally an unredacted copy of the exhibit to the SEC upon its request.

 

The omitted portions are (i) not material and (ii) customarily treated by the Company as private and confidential.

 

InSitech

 

SUBCONTRACT AGREEMENT
[**]

 

MODIFICATION #1

 

Subrecipient:   Elmet Technologies
     
Address:   1560 Lisbon Street, Lewiston, ME 04240

 

IN CONSIDERATION of the promises, mutual covenants, and agreements contained herein, InSitech, Inc. (“INSITECH”) and Elmet Technologies (“Subrecipient” and collectively with InSitech, the “Parties”) agree as follows:

 

The purpose of this Modification is to amend the funded amount of the Subcontract Agreement dated December 23, 2022 to $14,706,325, increased $7,981,778 from $6,724,547. The Subrecipient agrees to complete the Year 2 Statement of Work under the terms of the Subrecipient’s proposal incorporated as Exhibit A. The services for this modification to be performed by the Subrecipient shall commence on November 9, 2023, and shall be completed November 8, 2025. The milestone delivery and corresponding invoicing schedule for the increased funding is incorporated as Exhibit B. Unless modified in writing by mutual agreement of the parties, InSitech, Inc. is not obligated to compensate Elmet Technologies beyond the $7,981,778 for this modification.

 

IN WITNESS WHEREOF, the Parties hereto have, through duly authorized officials, executed this Agreement effective as of the date indicated below.

 

INSITECH, Inc.   ELMET TECHNOLOGIES
     
/s/ Joseph N. Moran   /s/ Peter Anania
SIGNATURE   SIGNATURE
     
Joseph N. Moran   Peter Anania
NAME   NAME
     
President   Chief Executive Officer
TITLE   TITLE
     
November 9, 2023   November 9, 2023
DATE   DATE

 

1 of 3

InSitech

 

EXHIBIT A

 

[STATEMENT OF WORK & SUBRECIPIENT’S PROPOSAL]

 

2 of 3

InSitech

 

EXHIBIT B

 

[Schedule detailing the Milestone Payments pursuant to this Modification #1
to the Subcontract Agreement]

 

 

 

 

3 of 3

 

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer