Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 320

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 320
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   |       |
| Financing cash flows from finance leases                                |     | $                       | 1,148 |     | $ |   862 |
| Operating cash flows from finance leases                                |     | $                       |   318 |     | $ |   240 |
| Right-of-use assets obtained in exchange for finance lease liabilities  |     | $                       | 1,764 |     | $ | 3,243 |

<div align='center'>F-33

WaterBridge NDB Operating LLC and Subsidiaries

Notes to the Consolidated Financial Statements</div>

9. Member’s Equity Intermediate Holdings (the “sole member”) is the sole member of the Company and holds 100% of the limited liability company interests of the Company. The Company’s limited liability company interests are generally consistent with ordinary equity interests. Distributions (including liquidating distributions) are to be made to the sole member at the discretion of the board of managers of NDB Midstream, as the governing body of the parent entity of each of the sole member and the Company. The sole member’s equity account will be adjusted for distributions paid to the member and additional capital contributions that are made by the sole member. All revenues, costs and expenses of the Company are allocated to the sole member. 10. Share-Based Compensation A summary of the Company’s aggregate share-based compensation expense (income) is shown below. Substantially all share-based compensation expense (income) is included in general and administrative expense (income) on the consolidated statements of operations.

|                                                 |     | Year Ended December 31, 
 2024                    |       |     | 2023 |      |   |
|:------------------------------------------------|:----|:------------------------|------:|:----|:-----|:-----|:--|
| Total share-based compensation expense (income) |     | $                       | 9,529 |     | $    | (359 | ) |

Our management and employees participate in an equity-based incentive unit plan managed by WB NDB, the indirect parent of the Company. The Incentive Units consist of time-based awards of profits interest in NDB LLC. On July 1, 2024, as a result of the Division described above, Incentive Units are still recognized as a deemed non-cash contribution or distribution from member’s equity on the Company’s consolidated balance sheets. However, any new issuances or any vested portion of income or expense of existing awards is no longer allocated to historical WB