Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 235

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 235
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 disposal. Such solids waste handling agreements include a customary fee schedule and have initial terms of approximately ten years and automatic one‑year renewals unless terminated by either party prior to renewal. Pursuant to such produced water offload agreements, Desert Environmental offloads produced water generated from its non-hazardous oilfield reclamation and solid waste disposal facilities to us for transportation and handling on an interruptible basis. Such produced water offload agreements had one-year initial terms with automatic one‑year renewals unless terminated by either party prior to renewal. For the years ended December 31, 2024 and 2023, we paid $5.0 million and $1.9 million, respectively, in fees related to such solids waste handling agreements and received $0.3 million and $0.1 million, respectively, in fees related to such produced water offload agreements. For the three months ended March 31, 2025 and 2024, we paid $1.5 million and $0.8 million, respectively, in fees related to such solids waste handling agreements and received $0.2 million and an immaterial amount, respectively, in fees related to such produced water offload agreements.

Prior to the closing of this offering, we have not adopted a formal policy for approval of Related Party Transactions, but intend to do so following the closing of this offering. A “Related Party Transaction” is defined as a transaction, arrangement or relationship in which we or any of our current or future subsidiaries was, is or will be a participant and the amount of which involved exceeds $120,000, and in which any Related Person had, has or will have a direct or indirect material interest. A “Related Person” means:

any person who is, or at any time during the applicable period was, one of our executive officers or one of our directors or a director nominee;

any person who is known by us to be the beneficial owner of more than 5% of our outstanding common shares; and

any immediate family member of any of the foregoing persons, which means any child, stepchild, parent, stepparent, spouse, sibling, mother in law, father in law, son in law, daughter in law, brother in law or sister in law of a director, director nominee, executive officer or a beneficial owner of more than 5% of our common shares, and any person (other than a tenant or employee) sharing the household of such director, executive officer or beneficial owner of more than 5% of our