Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 245

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 245
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.9 . Each of SpinCo and the Company shall consult with each other prior to issuing any press releases or
otherwise making public statements with respect to the Separation, the Distribution or any of the other transactions contemplated hereby or under any Ancillary Agreement and prior to making any filings with any Governmental Authority with respect
thereto, in each case prior to the issuance or filing thereof, as applicable (including the Form 10, the Parties’ respective Current Reports on Form 8-K to be filed on or shortly after the Distribution
Date relating to the Distribution, the Parties’ respective Quarterly Reports on Form 10-Q filed with respect to the fiscal quarter during which the Distribution Date occurs, or if such quarter is
the fourth fiscal quarter, the Parties’ respective Annual Reports on Form 10-K filed with respect to the fiscal year during which the Distribution Date occurs (each such Quarterly Report on Form 10-Q or Annual Report on Form 10-K, a “”)). The requirements of the immediately preceding sentence shall not apply to any
press release or other public statements that include only information with respect to the Separation, the Distribution or any of the other transactions contemplated hereby or under any Ancillary Agreement 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.

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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