Let's do the math. A jump from a height of 10 feet, involves a bodily acceleration of 44mph, albeit in a marginally short period. An impact at 44mph creates roughly 3000 Gs. So, first of all, you need to check if your watch meets the International Standard ISO 1413, which is measured using a pendulum impact-testing machine. Check the manual from Panerai. But shock resistance of the movement is only the first part of the equation. Now you have to think about WR in absolute terms, not what's listed on the dial. On the dial, sure, it says that it can withstand 300m of pressure, BUT does it specify which wrist? Depending on whether it's on the right or left wrist, and depending on the speed of the wind at the time of the jump, and depending further on the size of your wrist versus your body mass index, the water resistance of a watch can depart drastically from what's printed on the dial. Think of the 300m WR on the dial simply as a general guide. To reveal the TRUE water resistance of the watch you need to divide the nominal water resistance number (printed on the dial) by the wind speed at the time of the jump, then multiply that number by your body mass index minus your wrist size measured in inches. Then, either add 50 (for right wrist) or subtract 50 (for left wrist) and that will give you the true water resistance of the watch. For a 10m dive, you're going to need at least 120m TRUE WR. The number printed on the dial means nothing. I'd also advise you to have both the watch and your wrist insured prior to taking the dive. Sometimes if you insure the watch but do not also insure your wrist, then the underwriter for the watch won't pay out for the watch if it's revealed that your wrist was also injured (but uninsured) during the dive. Additionally, given the substantial height of your dive, a word of caution: you should have emergency medical personnel on site before you undertake the dive. You never know what can happen, and you want to have trained medics on hand if something should go wrong.
Let's breakdown the formula again:
Stated WR divided by wind speed at time of jump, multiplied by your body mass index minus your wrist size, then add 50 (right wrist) or subtract 50 (left wrist).