Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 388

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 388
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the “”) as a result of the exercise of the Receiving Party’s or Disclosing Party’s rights or the performance of the Receiving Party’s or Disclosing Party’s obligations under this Agreement, and includes any
business, marketing, sales, technical information, trade secrets, processes, designs, data, plans, product or service specifications and information, prototypes, software, source code, customer and vendor information and lists, research, business
opportunities, contracts and contract information, Personal Information and other information and materials related to or arising from the Services and which may be in any form or medium (except to the extent that such Information can be shown to
have been (a) in the public domain or known to the public through no fault of the Receiving Party or its Affiliates, (b) lawfully acquired by the Receiving Party or its Affiliates from other sources not known by the Receiving Party
to be subject to confidentiality obligations with respect to such Confidential Information or (c) independently developed by the Receiving Party or its Affiliates after the time of the Distribution without reference to or use of any
Confidential Information). As used herein, by example and without limitation, Confidential Information shall mean any information of a Party marked as confidential, proprietary or privileged.

. Notwithstanding any termination of this Agreement, each
Party shall, and shall cause its Affiliates to, hold, and cause each of their respective officers, employees, agents, third-party vendors, consultants and advisors to hold, in strict confidence, at a standard of care no less than that used for its
own Confidential Information (and in any event no less than a reasonable standard of care), to provide reasonable security for (including compliance with its own information security policies), and not to disclose or release, or except as otherwise
required for a Party to fulfill its obligations and obtain the benefits to which it is entitled pursuant this Agreement, use, without the prior written consent of each Party to whom (or to whose Affiliate) the Confidential Information relates (which
may be withheld in each such Party’s sole and absolute discretion), any and all Confidential Information concerning or belonging to another Party or any of its Affiliates; that each Party may disclose, or may permit disclosure
of, such Confidential Information (i) to its (or any of its Affiliates) respective auditors,

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attorneys, financial advisors, bankers and other appropriate employees, consultants and advisors who have a need to know such Confidential Information for auditing and other