Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 290

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 290
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                                                   |     |                   |
| Total pro forma adjustment to depreciation, amortization and accretion expense |     |                                        |     |            |     | $                                                 |     | $                 |

<div align='center'>F-11</div>

Corporate Reorganization and Offering Adjustments to Unaudited Pro Forma Condensed Combined Financial Information The Company made the following adjustments and assumptions in the preparation of the unaudited pro forma condensed combined balance sheet: (a) Reflects the following adjustments:

| Gross proceeds from Offering                        |     | $ | 400,000 |
| Less:                                               |     |   |         |
| Underwriting discounts and commissions              |     |   |  22,000 |
| Issuance expenses                                   |     |   |   6,500 |
| Proceeds, net of underwriting and issuance expenses |     | $ | 371,500 |
| Less:                                               |     |   |         |
| Repayment of outstanding debt                       |     |   |  73,913 |
| Purchase of OpCo preferred equity interests         |     |   | 297,587 |
| Retained proceeds from offering                     |     | $ |       - |

(b) Represents the elimination of deferred offering costs associated with the Offering from Other assets, respectively, to reflect these costs being charged against the proceeds of this offering. (c) Represents a $47.6 million paydown of the Term Loan B issued by WBEF, of which $11.5 million is the current portion of long-term debt, and a $26.3 million paydown of the revolving credit facility issued by NDB Operating using proceeds from the Offering. (d) Represents an adjustment to members’ equity reflecting (i) $ million for Class A shares outstanding following this offering and application of the net proceeds therefrom calculated as the % controlling interest in OpCo’s pro forma, as adjusted, members’ equity as of March 31, 2025 (see note (e) below) and (ii) a decrease of $ million in members’ equity to allocate a portion of WaterBridge Infrastructure LLC’s equity to the non-controlling interest (see Note (e) below). (e) Represents the non-controlling interest due to the consolidation of financial results of OpCo. As described in “Corporate Reorganization,” the Company will become the managing member of OpCo. The Company will initially have a minority economic interest in OpCo, but will have exclusive control over the management of Op