Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 293

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 293
---
 employees after the Distribution
Date.

Section 10.7 . Effective as of the Distribution Date, () the Company Group shall be
entitled to, and, to the extent necessary, the SpinCo Group hereby assigns to the Company Group, all Employee Recoupment Assets in respect of Company Group Employees, Former Company Group Employees and Other Company Service Providers and
() the SpinCo Group shall be entitled to, and, to the extent necessary, the Company Group hereby assigns to the SpinCo Group, all Employee Recoupment Assets in respect of SpinCo Group Employees, Former SpinCo Group Employees and Other
SpinCo Service Providers.

Section 10.8 . Notwithstanding anything in this Agreement to the
contrary (including the treatment of supplemental and deferred compensation plans, outstanding long-term incentive awards and annual incentive awards as described herein), the Parties agree to negotiate in good faith regarding the need for any
treatment different from that otherwise provided herein to ensure that the treatment of such supplemental or deferred compensation or long-term incentive award, annual incentive award or other compensation does not cause the imposition of a Tax
under Section 409A of the Code.

-31-

ARTICLE XI

INDEMNIFICATION

Section 11.1 . All Liabilities retained or assumed by or allocated to SpinCo or the SpinCo Group
pursuant to this Agreement (“”) shall be deemed to be “SpinCo Liabilities” (as defined in the Separation Agreement) for purposes of the Separation Agreement, and all Assets retained or
assumed by or allocated to SpinCo or the SpinCo Group pursuant to this Agreement (“”) shall be deemed to be “SpinCo Assets” (as defined in the Separation Agreement). All Liabilities retained or
assumed by or allocated to the Company or the Company Group pursuant to this Agreement (“”) shall be deemed to be “Company Liabilities” (as defined in the Separation Agreement) for purposes
of the Separation Agreement, and all Assets retained or assumed by or allocated to the Company or the Company Group pursuant to this Agreement (“”) shall be deemed to be “Company Assets” (as
defined in the Separation Agreement). In addition, unless otherwise specifically provided in this Agreement, the Company shall promptly reimburse SpinCo upon SpinCo’s reasonable request for the cost of any Company Employee Liabilities
satisfied by any SpinCo Group Member from and after the Distribution Date, and SpinCo shall promptly reimburse the Company upon the Company’s reasonable request for the cost of any SpinCo Employee