Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 378

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 378
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 inputs:

|                          |     | December 31, |    2024 |   |     |               |    2023 |   |
|:-------------------------|:----|:-------------|--------:|:--|:----|:--------------|--------:|:--|
| Estimated equity value   |     | $            | 229,354 |   |     | $             | 182,898 |   |
| Expected life (in years) |     |              |     0.5 |   |     |               |     1.0 |   |
| Risk-free interest rate  |     |              |     4.2 | % |     |               |     4.7 | % |
| Dividend yield           |     |              |       0 | % |     |               |       0 | % |
| Volatility               |     |              |    53.7 | % |     |               |    65.5 | % |
| Marketability discount   |     | 9.0% - 32.0% |         |   |     | 16.0% - 32.0% |         |   |

The number of WBR Incentive Units granted and forfeited during the twelve months ending December 31, 2024 and 2023 is shown in the following table:

| Outstanding at January 1, 2023   |     | 6,234 |   |
| Granted                          |     |     - |   |
| Forfeited                        |     |   (40 | ) |
| Outstanding at December 31, 2023 |     | 6,194 |   |
| Granted                          |     |     - |   |
| Forfeited                        |     |   (24 | ) |
| Outstanding at December 31, 2024 |     | 6,170 |   |

The fair value of the WBR Incentive Units attributable to the Company as of December 31, 2024 was $19.3 million ($0 - $8,178 per unit) and as of December 31, 2023 was $12.8 million ($18 - $4,872 per unit).

<div align='center'>F-77</div>

#### WaterBridge Equity Finance LLC and Subsidiaries

### Notes to the Consolidated Financial Statements
The cumulative vested value of the liability for the WBR Incentive Units allocated to the