Company: WBI
Filing Date: 2025-09-03
Form Type: S-1/A
Source: 0000950170-25-112682
Chunk: 3

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-03
Form: S-1/A
Chunk 3
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 and is therefore unenforceable.

<div align='center'>II‑1</div>

Item 15. Recent Sales of Unregistered Securities.

On April 11, 2025 in connection with the formation of WaterBridge Infrastructure LLC, we issued a 100% limited liability company interest in us to NDB Holdings. The issuance was exempt from registration under Section 4(a)(2) of the Securities Act. This limited liability company interest will be cancelled or redeemed in connection with our reorganization. There have been no other sales of unregistered securities within the past three years.

In connection with the formation transactions described herein and pursuant to the terms of the Corporate Reorganization that will be completed prior to the closing of this offering, we will issue Class B shares, representing an aggregate % non‑economic limited liability company interest in us, to the Five Point Members, Devon Holdco and Elda River. Such issuance will not involve any underwriters, underwriting discounts or commissions or a public offering, and such issuance will be exempt from registration requirements pursuant to Section 4(a)(2) of the Securities Act.

<div align='center'>II‑2</div>

Item 16. Exhibits and Financial Statement Schedules. (a) Exhibits The following documents are filed as exhibits to this registration statement:

| Exhibit Number |     | Description                                                                                                                                                                                                                                                                                                                                                                 |
| *1.1           |     | Form of Underwriting Agreement.                                                                                                                                                                                                                                                                                                                                             |
| **3.1          |     | Certificate of Formation of WaterBridge Infrastructure LLC.                                                                                                                                                                                                                                                                                                                 |
| **3.2          |     | Limited Liability Company Agreement of WaterBridge Infrastructure LLC.                                                                                                                                                                                                                                                                                                      |
| *3.3           |     | Form of Amended and Restated Limited Liability Company Agreement of WaterBridge Infrastructure LLC.                                                                                                                                                                                                                                                                         |
| *4.1           |     | Form of Registration Rights Agreement.                                                                                                                                                                                                                                                                                                                                      |
| *5.1           |     | Form of Opinion of Latham & Watkins LLP as to the legality of the securities being registered.                                                                                                                                                                                                                                                                              |
| *10.1†         |     | Form of WaterBridge Infrastructure LLC Long-Term Incentive Plan.                                                                                                                                                                                                                                                                                                            |
| *10.2          |     | Form of Amended and Restated Limited Liability Company Agreement of OpCo.                                                                                                                                                                                                                                                                                                   |
| *10.3†         |     | Form of Indemnification Agreement.                                                                                                                                                                                                                                                                                                                                          |
| *10.4

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