Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-308654
Chunk: 140

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 140
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 of any other state, except as otherwise expressly provided in the Debt Commitment Letter or the applicable Financing Document;

(f) expressly and irrevocably waives to the fullest extent permitted by Law, all right to a jury trial with respect to any Financing Related
Proceeding;

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(g) agrees that none of the Financing Related Parties will have any obligation or liability
(including any special, consequential, punitive or indirect damages), on any theory of liability, to the Company or any of its Affiliates, and neither the Company nor any of its Affiliates shall have any rights or claims against any of the Financing
Related Parties, in each case, in any way arising out of or relating to this Agreement, any Financing Document, the Financing or any of the other transactions contemplated hereby or thereby or the performance of any services thereunder, whether in
law or in equity, whether in contract, in tort or otherwise;

(h) agrees that, notwithstanding anything to the contrary in
Section 9.8 or elsewhere in this Agreement, the Financing Related Parties are express third-party beneficiaries of, and may rely upon and enforce, this Section 9.15; and

(i) agrees that the provisions in this Section 9.15 and the definitions of “Financing”, “Financing Documents”,
“Financing Sources” and “Financing Related Parties” (and any other definition set forth in, or any other provision of, this Agreement to the extent that an amendment, waiver or other modification of such definition or other
provision would amend, waive or otherwise modify the substance of this Section 9.15 or the definition of “Financing”, “Financing Documents”, “Financing Sources” or “Financing Related Parties”)
shall not be amended, waived or otherwise modified, in each case, in any way adverse to the Financing Related Parties in any material respect without the prior written consent of the Financing Sources;

that nothing in this shall limit the rights of the parties to the Financing under the Commitment Letter
or any Financing Document.

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IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized officers of the parties to this Agreement as of the date first written above.

| Warner Bros. Discovery, Inc. |     |                    |     |                            |
| By                           |     | /s/ Bruce Campbell |     |                            |
|                              |     | Name:              |     | Bruce Campbell             |
|                              |     | Title:             |