Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 258

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 258
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 that is consistent with previous statements
made by SpinCo and the Company in compliance with this . Each Party’s obligations pursuant to this shall terminate on the date on which such Party’s First
Post-Distribution Report is filed with the SEC.

81

10.10 . All fees, costs and expenses related to the Separation, the
Distribution and the consummation of the transactions contemplated hereby and by the Ancillary Agreements incurred at or prior to the Distribution shall be borne by the Company. Each Party shall bear its own costs and expenses incurred after the
Distribution.

10.11 . The Article, Section and paragraph headings contained in this Agreement and in the Ancillary
Agreements are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement or any Ancillary Agreement.

10.12 . Except as expressly set forth in this Agreement or any Ancillary Agreement, the covenants, representations
and warranties contained in this Agreement and each Ancillary Agreement, and Liability for the breach of any obligations contained herein, shall survive the Separation and the Distribution and shall remain in full force and effect in accordance with
their terms.

10.13 . Waiver by a Party of any default by the other Party of any provision of this Agreement or
any Ancillary Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the other Party. No failure or delay by a Party in exercising any right, power or privilege under this
Agreement or any Ancillary Agreement shall operate as a waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege.

10.14 . Subject to the provisions of , in the event of any actual or threatened default in, or
breach of, any of the terms, conditions and provisions of this Agreement or any Ancillary Agreement, the Party hereto or parties thereto, respectively, who are, or are to be, thereby aggrieved shall have the right to specific performance and
injunctive or other equitable relief in respect of their respective rights under this Agreement or such Ancillary Agreement, as applicable, in addition to any other rights and remedies at law or in equity, and all such rights and remedies shall be
cumulative. The Parties agree that the remedies at law for any breach or threatened breach, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance