Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 175

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 175
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 injunction, binding judicial or administrative interpretation or other
requirement, in each case, enacted, promulgated, issued or entered by a Governmental Authority.

“” shall mean
the leasing or subleasing agreements for Real Property to be entered into by and between the Company and SpinCo or members of their respective Groups in connection with the Separation, the Distribution or the other transactions contemplated by this
Agreement.

“” shall mean all debts, guarantees, assurances, commitments, liabilities, responsibilities,
Losses, remediation, deficiencies, damages, fines, penalties, settlements, sanctions, costs, expenses, interest and obligations of any nature or kind, whether accrued or fixed, absolute or contingent, matured or unmatured, accrued or not accrued,
asserted or unasserted, liquidated or unliquidated, foreseen or unforeseen, known or unknown, reserved or unreserved, or determined or determinable, including those arising under any Law, claim (including any Third-Party Claim), demand, Action or
order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental Authority or arbitration tribunal, and those arising under any contract, agreement, obligation, indenture, instrument, lease, promise,
arrangement, release, warranty, commitment or undertaking, and any fines, damages or equitable relief that is imposed, whether imposed or sought to be imposed by a Governmental Authority, another third Person, or a Party, whether based in contract,
tort, implied or express warranty, strict liability, criminal or civil statute, or otherwise, in each case including all costs and expenses relating thereto.

“” shall have the meaning set forth in .

“” shall mean actual losses (including any diminution in value), costs, damages, penalties and expenses (including
reasonable out-of-pocket legal and accounting fees and expenses and costs of investigation, litigation and enforcement of claims under ), whether or not
involving a Third-Party Claim.

“” shall have the meaning set forth in the Recitals.

“” shall have the meaning set forth in the Recitals.

“” shall have the meaning set forth in the Recitals.

“” shall mean the Nasdaq Stock Market LLC.

15

“” shall mean (a) the sum of (i) the amount of
indebtedness of the SpinCo Group for borrowed money (including all principal, accrued interest related thereto and any breakage costs or premiums, consent fees, make-whole payments