Sable Offshore Corp.

• From any fiscal year thereafter · $100m

Capital Expenditures (i) not otherwise permitted under this Section 9.05 not in excess of (x) $205,000,000 for the fiscal year ending December 31, 2026 and (y) $100,000,000 for any fiscal year thereafter,

The Borrower will not permit, as of the last day of any Rolling Period, commencing with the first Rolling Period ending after the Borrowing Base is first determined to be greater than $0.00, the Consolidated Total Leverage Ratio to exceed 3.00 to 1.00.

The Borrower will not permit, as of the last day of any fiscal quarter, commencing with the first fiscal quarter ending after the Borrowing Base is first determined to be greater than $0.00, the ratio of (i) Consolidated Current Assets as of such date to (ii) Consolidated Current Liabilities as of such date to be less than 1.00 to 1.00.

The Borrower shall not permit the General and Administrative Costs for fiscal years 2027 and 2028 to exceed the General and Administrative Costs Cap.