Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 396

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 396
---
 expire, (b) nine (9) months after
the termination of this Agreement or (c) six (6) months after the date when such Party becomes aware of the facts giving rise to such claim, whichever is earliest, such Party shall be deemed to have waived such claim.

ARTICLE IV

TERM AND TERMINATION

. The term of this Agreement shall commence on the Effective
Date and shall continue until all Services provided hereunder have been terminated (or their terms expire) in accordance with the terms of this Agreement, unless this Agreement is terminated sooner in accordance with
or or extended by mutual written agreement of the Parties (the “”); that, Service Provider’s obligation to perform each Service
shall terminate as set forth in Schedule I or Schedule II, as applicable, with respect to such Service (in each case, the “”). Subject to , any
termination or expiration of this Agreement with respect to any particular Service shall not terminate this Agreement with respect to any other Service provided under this Agreement.

. In the event (a) of any material breach
by either Party of this Agreement or (b) either Party shall become or be adjudicated insolvent or bankrupt, or a receiver or trustee shall be appointed for either Party or its property or a petition for reorganization or arrangement under any
bankruptcy or insolvency Law

19

shall be approved, or either Party shall file a voluntary petition in bankruptcy or shall consent to the appointment of a receiver or trustee (in each such case, the “”), then any non-Defaulting Party shall have the right, at its sole discretion, (i) in the case of a material breach under clause (a) to terminate all or any portion of any affected
Service(s), with such termination being effective only after the Defaulting Party has failed to cure the breach within thirty (30) days after receiving written notice of such breach, and (ii) in the case of the circumstances described
under clause (b), to terminate this Agreement immediately upon written notice to the Defaulting Party.

. At any time after three (3) months from the
Effective Date, Service Recipient may terminate this Agreement: (i) in its entirety with respect to all Services as to which it is Service Recipient, (ii) with respect to any individual Service, or (iii) for any individual Service
that is reasonably divisible and for which the applicable cost for the divisible portions of such Service can be reasonably calculated and allocated, with respect to any such divisible portion, in each case