Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 371

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 371
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 terms defined in the singular have a comparable meaning when used in the plural and vice
versa; (ii) words importing the masculine gender shall include the feminine and neutral genders and vice versa; (iii) whenever the words “includes” or “including” are used, they shall be deemed to be followed by the
words “without limitation”; (iv) the word “or” is not exclusive; (v) the words “hereto,” “hereof,” “hereby,” “herein,” “hereunder” and similar terms in this
Agreement shall refer to this Agreement as a whole and not any particular provision of this Agreement; (vi) the word “extent” in the phrase “to the extent” shall mean the degree to which a subject or other thing extends
and such phrase shall not mean simply “if”; and (vii) a reference to any Person includes such Person’s successors and permitted assigns.

Section 14.16 . Nothing in this Agreement is intended to confer to or impose upon any Party a
duplicative right, entitlement, obligation or recovery with respect to any matter arising out of the same facts and circumstances.

[Signature Page Follows]

42

IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the day and year first above written.

| [DELIGHT] GLOBAL MEDIA, INC. |     |        |     |     |
| By                           |     |        |     |     |
|                              |     | Name:  |     | [•] |
|                              |     | Title: |     | [•] |
| [NEW WONDER]                 |     |        |     |     |
| By                           |     |        |     |     |
|                              |     | Name:  |     | [•] |
|                              |     | Title: |     | [•] |

Signature Page to Tax Matters Agreement

Schedule A

Scheduled Tax Refunds

Schedule B

Coordination Provisions with the Existing TMA

Schedule C

Scheduled Production Incentives

Schedule D

Descriptions of Company ATB and SpinCo ATB

Schedule E

Specified U.S. Internal Restructuring Transactions

Exhibit F

Transition Services Agreement

Agreed Form

TRANSITION SERVICES AGREEMENT

by and between

[DELIGHT GLOBAL MEDIA, INC.]

and

[NEW WONDER]

Dated as of [•], 202[•]

TRANSITION SERVICES AGREEMENT Table of Contents

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