LandBridge Co LLC

Second Amendment to Credit Agreement

On November 4, 2024, the Company entered into that certain Second Credit Agreement Amendment, which amended the credit agreement governing our Credit Facilities, by and among DBR Land, certain of the Company’s subsidiaries, as guarantors, Texas Capital Bank, as administrative agent and letter of credit issuer, and the other lenders party thereto from time to time. Among other things, the Second Credit Agreement Amendment increased the maximum available amount under our Revolving Credit Facility to $100.0 million, increased the principal amount of the Term Loan to $300.0 million, with an additional $75.0 million uncommitted delayed draw term loan, and eliminated the Company’s obligation to make Term Loan amortization payments and permits the Company to make restricted payments as long as the Company’s leverage ratio is less than 3.50 to 1.00 for the most recently ended four-fiscal quarter period, subject to certain conditions and exceptions.

The foregoing description of the Second Credit Agreement Amendment is qualified in its entirety by reference to the full text of the Second Credit Agreement Amendment, a copy of which is filed as Exhibit 10.7 to this Quarterly Report and is incorporated into this Item 5 by reference.

Trading Arrangements

During the three months ended September 30, 2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.