Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 356

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 356
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: |     | Jonathan E. Levitsky Gordon S. Moodie 
 Katherine D. Taylor Erik J. Andren    |
| Email:     |     | ***                                   |
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|            |     | ***                                   |

Section 14.08 Complete Agreement; Construction. This Agreement, together with the Merger Agreement, the Separation Agreement and the Ancillary Agreements constitute the entire agreement of the Parties with respect to the subject matter hereof and thereof and supersede all prior agreements and undertakings, both written and oral, among the Parties with respect to the subject matter hereof and thereof; for the avoidance of doubt, the preceding clause shall apply to all other agreements, whether or not written, in respect of any Tax between or among any member or members of the Company Group, on the one hand, and any member or members of the SpinCo Group, on the other hand, which agreements shall be of no further effect between the parties thereto and any rights or obligations existing thereunder shall be fully and finally settled, calculated as of the date hereof. Except as expressly set forth in the Merger Agreement, the Separation Agreement or any Ancillary Agreement, including this Agreement: (i) all matters relating 39

to Taxes and Tax Returns of the Parties and their respective Subsidiaries, to the extent such matters are the subject of this Agreement, shall be governed exclusively by this Agreement; and
(ii) for the avoidance of doubt, in the event of any conflict between the Merger Agreement, the Separation Agreement or any Ancillary Agreement, on the one hand, and this Agreement, on the other hand, with respect to such matters, the terms and
conditions of this Agreement shall govern; , that in the event of any conflict between Section 3.6 of the Separation Agreement and this Agreement, the terms and conditions of Section 3.6 of the Separation Agreement shall
govern.

Section 14.09 . Except for Buyer, which is an express third party beneficiary of
, , , , , ,
, and of this Agreement, and as specifically provided herein, the Parties hereby agree that their respective agreements and covenants set
forth in this Agreement are solely for the benefit of the other Parties, as the case may be, on the terms and subject to the conditions set forth in this Agreement, and this Agreement is not intended to, and does not, confer upon any Person other