The equation of the ellipse is given as:
\[
\frac{x^2}{a^2} + \frac{y^2}{b^2} = 1.
\]
The length of the latus rectum \( L \) of the ellipse is given by the formula:
\[
L = \frac{2b^2}{a}.
\]
We are told that the length of the latus rectum is 10, so:
\[
\frac{2b^2}{a} = 10 \quad \Rightarrow \quad 5a = b^2. \tag{1}
\]
Next, we are given the function \( f(t) = t^2 + t + \frac{11}{12} \), and we need to minimize it. The first derivative of \( f(t) \) is:
\[
\frac{df(t)}{dt} = 2t + 1.
\]
Setting the derivative equal to zero to find the critical point:
\[
2t + 1 = 0 \quad \Rightarrow \quad t = -\frac{1}{2}.
\]
Substitute \( t = -\frac{1}{2} \) into the function \( f(t) \) to find the minimum value:
\[
f\left( -\frac{1}{2} \right) = \left( -\frac{1}{2} \right)^2 + \left( -\frac{1}{2} \right) + \frac{11}{12} = \frac{1}{4} - \frac{1}{2} + \frac{11}{12} = \frac{3}{12} - \frac{6}{12} + \frac{11}{12} = \frac{8}{12} = \frac{2}{3}.
\]
Now, equating this minimum value to the eccentricity:
\[
e = \frac{2}{3}.
\]
Since eccentricity is related to the geometry of the ellipse by:
\[
e^2 = 1 - \frac{b^2}{a^2},
\]
we substitute \( e^2 = \frac{4}{9} \) and solve for \( \frac{b^2}{a^2} \):
\[
\frac{4}{9} = 1 - \frac{b^2}{a^2} \quad \Rightarrow \quad \frac{b^2}{a^2} = \frac{5}{9}.
\]
Using the relation \( b^2 = 5a \) from equation (1), we substitute this into the above equation:
\[
\frac{5a}{a^2} = \frac{5}{9} \quad \Rightarrow \quad \frac{5}{a} = \frac{5}{9} \quad \Rightarrow \quad a = 9.
\]
Now, substitute \( a = 9 \) into \( b^2 = 5a \):
\[
b^2 = 5 \times 9 = 45.
\]
Finally, calculate \( a^2 + b^2 \):
\[
a^2 + b^2 = 9^2 + 45 = 81 + 45 = 126.
\]
Thus, the correct answer is \( 126 \), which corresponds to option (2).