Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 157

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 157
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 to assist with respect to the consummation of the Debt-for-Debt Exchange and any transactions in connection therewith, including:
(i) participating in meetings, presentations and due diligence sessions, (ii) assisting with the preparation of materials for presentations, memoranda and similar documents required in connection with any such transactions,
(iii) providing any financial information (including in a form that is compliant with applicable SEC rules) and other information about SpinCo and its Subsidiaries reasonably requested by the Company, including with respect to the preparation
of pro forma financial statements, provided that SpinCo shall not be required to prepare or provide any financial statements or other information that is not otherwise prepared by SpinCo in the ordinary course, (iv) authorizing and directing
SpinCo’s auditors to provide customary cooperation, including participating in due diligence sessions, providing their consent to the inclusion of their audit reports in the offering documents and delivering customary comfort letters
(including “negative assurance” and change period comfort) and authorization letters, in connection with any such transactions and (v) providing customary certificates of the chief financial officer of SpinCo or similar certificates
with respect to certain financial information in the offering documents to the extent not otherwise covered by the “comfort letters” described herein.

“” shall mean the Data Processing Agreement that may be entered into by and between the Company
and SpinCo or members of their respective Groups in connection with the Separation, the Distribution and the other transactions contemplated by this Agreement pursuant to .

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

10

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

“” shall mean any registration statement (including the Form 10) filed with the SEC by or on behalf
of either Party or any member of its Group and also includes any information statement (including the Information Statement), prospectus, offering memorandum, offering circular, periodic report or similar disclosure document, whether or not filed
with the SEC or any other Governmental Authority, including any such disclosure document which offers for sale or registers the transfer or distribution of securities or indebtedness of, with respect to SpinCo, the SpinCo Group (including, for the
avoidance of doubt, the SpinCo Financing Arrangements) or, with respect to the Company, the