Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 306

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 306
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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 Liabilities satisfied by any Company Group
Member from and after the Distribution Date.

ARTICLE XII

GENERAL AND ADMINISTRATIVE

Section 12.1 .

(a) Generally. Subject to the other terms of this , the Company and SpinCo (acting directly or
through their respective Subsidiaries) shall provide to the other and their respective agents and vendors all Information as the other may reasonably request to enable the requesting Party to administer efficiently and accurately each of its Benefit
Plans (including Information for purposes of determining benefit eligibility, participation, vesting and calculation of benefits), to assist SpinCo in obtaining its own insurance policies to provide benefits under SpinCo Plans, and to determine the
scope of and/or fulfill its obligations under this Agreement (including, without limitation, under ); , , that, in the event that the Party to whom the request has been made
determines that, in the reasonable and good faith judgement of such Party, any such provision of Information could be detrimental to the Party providing the Information, violate any Law or agreement, or waive any privilege available under applicable
Law, including any attorney-client privilege, then the Parties shall use commercially reasonable efforts to permit compliance with such obligations to