Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 237

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 237
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, in the same form and format so disclosed, together with a list of all Persons to whom such Information was disclosed, in each case to the extent legally permitted.

74

ARTICLE VII

DISPUTE RESOLUTION

7.1
. Except as otherwise provided in any Specified Ancillary Agreement or for disputes concerning the correctness of the calculations in the Statement, which shall be resolved in accordance with the process set forth in
, any dispute, controversy or claim arising out of, related to, or in connection with this Agreement or any Ancillary Agreement (including regarding whether any Assets are SpinCo Assets or Company Assets, any
Liabilities are SpinCo Liabilities or Company Liabilities or the validity, binding effect, interpretation, performance, breach or termination of this Agreement or any Ancillary Agreement) (a “”) which arises between the
Parties shall be resolved according to the procedures set forth in this .

7.2 .

(a) It is the intent of the Parties to use their respective commercially reasonable efforts to resolve expeditiously any
Dispute that may arise from time to time on a mutually acceptable negotiated basis. In furtherance of the foregoing, any Party involved in a Dispute shall deliver a notice (an “”) demanding a meeting involving
representatives of the Parties who are senior executives with authority to settle the Dispute. A copy of any such Escalation Notice shall be given to the General Counsel, or like officer or official, of each Party (which copy shall state that it is
an Escalation Notice pursuant to this Agreement). The proposed agenda, location or means of remote communication, requested senior level management participants and procedures proposed for such discussions or negotiations shall be set forth in the
Escalation Notice; , , that the Parties shall use their commercially reasonable efforts to meet (which meeting may be conducted telephonically) within fifteen (15) days of the Escalation Notice. Discussions and
correspondence relating to trying to resolve such Dispute shall be treated as confidential and Privileged Information developed for the purpose of settlement and shall be exempt from discovery or production and shall not be admissible in any
subsequent proceeding between the Parties.

(b) If the senior executives are unable to resolve the Dispute within thirty
(30) days from the Escalation Notice or one Party to the Dispute reasonably concludes that the other Party is not willing to use commercially reasonable efforts to resolve expeditiously such Dispute, then such Party shall have the right to
refer the Dispute to mediation