Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 97

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 97
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 this Agreement are consummated.

(c) Except as prohibited by applicable Law or Governmental Order, each of Buyer and the Company shall (i) cooperate and consult with
each other in connection with any filing or submission with a Governmental Entity in connection with the transactions contemplated by this Agreement and in connection with any investigation or other inquiry by or before a Governmental Entity
relating to the transactions contemplated by this Agreement, including any proceeding initiated by a private party, including by allowing the other Party to have a reasonable opportunity to review in advance and comment on drafts of filings and
submissions, (ii) promptly inform the other Party of (and if in writing, supply to the other Party) any substantive communication received by such Party from, or given by such Party to, the Federal Trade Commission, the Antitrust Division of
the Department of Justice or any other Governmental Entity and of any material communication received or given in connection with any proceeding by a private party, in each case regarding any of the transactions contemplated by this Agreement,
(iii) consult with each other prior to taking any material position with respect to the filings contemplated by in discussions with or filings to be submitted to any Governmental Entity, (iv) permit
the other to review and discuss in advance, and consider in good faith the views of the other in connection with, any analyses, presentations, memoranda, briefs, arguments, opinions and proposals to be submitted to any Governmental Entity with
respect to the filings contemplated by and (v) coordinate with the other in preparing and exchanging such information and promptly provide the other (and its counsel) with copies of all filings,
presentations or submissions (and a summary of any oral presentations)

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made by such Party with any Governmental Entity relating to this Agreement or the transactions contemplated hereby. Notwithstanding the foregoing, in the event of any dispute between the Parties
relating to strategy in connection with obtaining all necessary approvals under Antitrust Laws or Foreign Regulatory Lawswith respect to the Merger and the other transactions contemplated by this Agreement, the Parties shall escalate such
dispute to the chief legal officers of the Company and Buyer for resolution. If such dispute is not resolved pursuant to the preceding sentence, Buyer shall have the right to make the final determination with respect to such matter acting reasonably
and in good faith and in a manner consistent with Buyer’s obligations under . Each party may, as it deems advisable and necessary, reasonably designate material provided to the other party as
“Outside Counsel Only Material,” and