On April 17, 2024 (the “Revolution Closing Date”), in connection with the Revolution Transaction, BE Anadarko II, LLC, a subsidiary of Benchmark, entered into a Loan Agreement (the “Benchmark Loan Agreement”) with Frost Bank, as Administrative Agent and LC Issuer (“Frost Bank”) and the lenders from time to time party thereto (the “Benchmark Lenders”), governing a revolving credit facility with a maximum aggregate credit amount of $150 million (the “Benchmark Revolving Credit Facility”), approximately $85 million of which was available at the Revolution Closing Date, that Benchmark may draw upon from time to time subject to the terms and conditions set forth in the Benchmark Loan Agreement. The Benchmark Revolving Credit Facility was originally scheduled to mature on April 17, 2027, and includes a letter of credit subfacility. On the Revolution Closing Date, $82.7 million, including $660,000 related to letters of credit, was drawn under the Benchmark Revolving Credit Facility. Benchmark pledged substantially all of its oil and gas properties and other assets as collateral to secure amounts outstanding under the Benchmark Loan Agreement. On November 3, 2025, BE Anadarko II, LLC, entered into a Second Amendment to the original Benchmark Loan Agreement (“Second Amendment”) with Frost Bank and the Benchmark Lenders. Pursuant to the Second Amendment, the Benchmark Revolving Credit Facility has been amended to mature on April 17, 2029. All other terms, conditions and provisions of the Benchmark Loan Agreement remain materially unchanged. During the nine months ended September 30, 2026, Benchmark did not make any payments under the Benchmark Revolving Credit Facility. During the three and nine months ended September 30, 2025, Benchmark made payments of $3.5 million and $12.0 million, respectively, under the Benchmark Revolving Credit Facility reducing the borrowing base. The outstanding balance on the Benchmark Revolving Credit Facility was $59.5 million as of September 30, 2026 and December 31, 2025.

Borrowings under the Benchmark Revolving Credit Facility bear interest at a rate per annum equal to the “Adjusted Term Secured Overnight Financing Rate (“SOFR”) Margin Rate” (as defined in the Benchmark Loan Agreement) plus a margin of 3.00% to 4.00%. The applicable margin is determined based on a monthly utilization percentage, and the availability is determined by reference to a borrowing base calculation. As of September 30, 2026, the weighted average interest rate associated with the outstanding balance on the Benchmark Revolving Credit Facility was 7%. Unused commitments under the Benchmark Revolving Credit Facility are subject to a commitment fee of 0.5% payable on a quarterly basis.

The Benchmark Loan Agreement contains customary covenants with respect to BE Anadarko and its subsidiaries, including, among others, limitations on indebtedness, liens, mergers, issuances of disqualified capital stock, dispositions, payment of dividends, investments and new businesses, amendments of organizational documents and other material contracts, hedging contracts, sale and lease back transactions and transactions with affiliates. In addition, the Benchmark Loan Agreement contains covenants that require BE Anadarko to maintain certain financial ratios related to its consolidated current assets and leverage. The Benchmark Loan Agreement also contains certain events of default, including, among others, nonpayment, inaccuracy of representations and warranties, violation of covenants, cross-default to other indebtedness, bankruptcy, material judgments, or a change of control. Upon the occurrence of an event of default, the Benchmark Lenders may terminate the commitments under the Benchmark Loan Agreement and declare all loans due

In connection with the Deflecto Transaction, on October 18, 2024, Deflecto, LLC (“Borrower”), a wholly-owned subsidiary of Deflecto, and certain of its subsidiaries as guarantors, entered into a $55.0 million amended and restated credit agreement (the “Deflecto Credit Agreement”) with the lenders party thereto and JPMorgan Chase Bank, N.A. as administrative agent (the “Administrative Agent”), which amended and restated Borrower’s prior credit agreement dated as of April 16, 2021. The Deflecto Credit Agreement has subsequently been amended, most recently on November 5, 2026 to modify certain terms, including the addition of certain covenants during the Specified Period (described below) and the removal of the previous requirement to maintain a fixed charge coverage ratio. The following description reflects the terms of the Deflecto Credit Agreement after giving effect to such amendments.

The Deflecto Credit Agreement provides for (i) an initial $48.0 million Deflecto Term Loan with a maturity date of October 18, 2029 and (ii) a $10.0 million secured revolving credit facility (the “Deflecto Revolving Credit Facility” and, together with the Deflecto Term Loan, as amended, the “Deflecto Facility”) that expires on October 18, 2029. The Deflecto Facility provides for an uncommitted accordion feature that could provide for an aggregate facility of up to $80.0 million. The Deflecto Facility is secured by substantially all assets of Borrower and the guarantors party thereto (but excluding real property owned as of the closing date of the Deflecto Facility, and, subject to other customary exclusions and exceptions).

Borrowings under the Deflecto Facility bear interest at a rate per annum equal to, at the Borrower’s election, either (i) the “Adjusted Term SOFR Rate” (as defined in the Deflecto Credit Agreement) plus a margin ranging from 2.50% to 3.25% or (ii) the “Alternate Base Rate” (as defined in the Deflecto Credit Agreement) plus a margin ranging from 1.50% to 2.25%. The applicable margin described in the immediately preceding sentence will be determined based on a quarterly total net leverage ratio test. Notwithstanding the foregoing, the “Adjusted Term SOFR Rate” is fixed at 4.50% until financial statements for the fiscal quarter ending March 31, 2027 are delivered (or the first fiscal quarter thereafter where the Borrower complies with the financial covenants in the Deflecto Facility, the (“Specified Period”)). Unused commitments under the Deflecto Revolving Credit Facility are subject to a commitment fee of 0.35% to 0.50% payable on a quarterly basis.

The Deflecto Credit Agreement contains customary representations and warranties as well as customary affirmative and negative covenants. The negative covenants include, among others, limitations on incurrence of indebtedness by Deflecto’s subsidiaries and limitations on incurrence of liens on assets of Deflecto and its subsidiaries. In addition, the Deflecto Credit Agreement, as amended by the Deflecto Credit Agreement Amendment requires that Borrower maintain (a) a ratio (the “total net leverage ratio”) of consolidated debt (net of up to $7.0 million of unrestricted cash) to consolidated annual earnings before interest, taxes, depreciation and amortization (subject to adjustments set forth in the Deflecto Credit Agreement, “EBITDA”) of (i) on or after March 31, 2027 and prior to March 31, 2028, not greater than 3.75 to 1.00, (ii) on or after March 31, 2028 and prior to June 30, 2028, not greater than 3.25 to 1.00 and (iii) on or after June 30, 2028, not greater than 2.75 to 1.00; (b) minimum EBITDA for the fiscal quarter ending December 31, 2026 of $(500,000); and (c) a minimum liquidity requirement of no less than $10.0 million as of the end of each calendar month (calculated based on unrestricted cash on hand plus revolver availability under the Deflecto Facility), beginning December 31, 2026.

The Deflecto Credit Agreement contains customary events of default, including, among others, nonpayment (with a grace period for interest payments), material inaccuracy of representations and warranties, violation of covenants (subject to certain grace periods), cross-default to other material indebtedness, bankruptcy, material judgments, or a change of control. Upon the occurrence and during the continuance of an event of default, the lenders may declare the outstanding advances and all other obligations under the Deflecto Credit Agreement immediately due and payable. As of September 30, 2026, Deflecto was in compliance with its covenants related to the Deflecto Credit Agreement (as amended).

During the three and nine months ended September 30, 2026, Deflecto made payments of zero and $1.8 million under the Deflecto Facility, respectively. During the three and nine months ended September 30, 2025, Deflecto made payments of $10.9 million and $12.1 million under the Deflecto Facility, respectively. In connection with the amendment, on November 5, 2026, Deflecto prepaid $17.0 million of the outstanding loan balance.

As of September 30, 2026, the interest rate associated with the outstanding balance on the Deflecto Term Loan was 7%. Deflecto’s outstanding balance on the Deflecto Term Loan, net of debt discount and issuance costs was $30.9 million and $32.6 million as of September 30, 2026 and December 31, 2025, respectively. Deflecto’s outstanding balance on the Deflecto Revolving Credit Facility was zero as of September 30, 2026 and December 31, 2025.