Company: WBI
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0000950170-25-113383
Chunk: 495

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 495
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| Affiliate Facility Access Agreement |     | Operating expenses |     | $ |        1,784 |     | $ |          683 |

<div align='center'>F-121

Desert Environmental LLC and Subsidiaries

Notes to Consolidated Financial Statements</div>

Shared Services Agreement

The Company has a services agreement with certain affiliates, pursuant to which it receives common management and general, administrative, overhead, and operating services in support of the Company’s operations and development activities. The Company is required to reimburse all fees incurred by it that are necessary to perform services under the agreement. For shared services, the basis of allocation is an approximation of time spent on activities supporting the Company. For shared costs paid on behalf of the Company, the costs are directly allocated to it based on its pro rata share of the expenses. For the years ended December 31, 2024 and 2023, the Company paid approximately $2.4 million and $4.9 million for the shared services and direct cost reimbursements, respectively.

Equity Sponsor Services Agreement

Five Point Energy LLC (“FPE”), an affiliate of Five Point Energy Fund III LP, invoices the Company, and the Company reimburses FPE in cash, for expenses associated with the Company’s use of geographic information system (“GIS”) and certain legal services provided by FPE. The reimbursement includes allocated FPE personnel costs and third-party software and hardware expenses and is determined based on the Company’s use of FPE’s total services for such period. For the years ended December 31, 2024 and 2023, the GIS and legal services reimbursement paid were $174 thousand and an immaterial amount, respectively.

Customer Agreement

The Company has customer agreements with certain affiliates which include a standard fee schedule. Under these agreements, the Company provides waste handling and disposal services to affiliates in the ordinary course of business.

Affiliate Facility Access and Water Management Services Agreement

The Company has a facility access, surface use and water management services agreement with certain affiliates to which the Company is granted certain rights to construct, operate and maintain waste reclamation facilities in the ordinary course of business. These agreements include the ability to purchase from and receive certain services from such affiliates, including the purchase of fresh water and caliche and wastewater handling services. These agreements include a standard fee or damage rate schedule and provision for specified surface use activities including royalty payments related to certain activities. For the years ended December 31, 2024 and 2023, the Company paid $1.6 million