Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 403

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 403
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iliates shall be deemed to be an Affiliate of the other solely by reason of
having one or more directors in common or by reason of having been under common control prior to the Distribution.

“” has the meaning set forth in the Preamble.

“” has the meaning set forth in .

“” means, with respect to each Service Recipient, such Recipient’s and its Affiliates’
respective agents, representatives, and professional advisors (including internal auditors, co-sourced or outsourced audit service providers, consultants, and external auditors).

“” means the Company Business or the SpinCo Business, as applicable.

“” means any day other than a Saturday or Sunday or a day on which banks in the City of New York, New York or
the City of Wilmington, Delaware is required or authorized by Law to close.

“” means the occurrence
of any of the following events, either with respect to Service Provider or Service Recipient, as applicable: (i) an acquisition of a Party by another entity by means of any transaction or series of related transactions (including, without
limitation, any reorganization, merger or consolidation but excluding any merger effected exclusively for the purpose of changing the domicile of such Party); or (ii) a sale of all or substantially all of the assets of a Party, so long as in
either case such Party’s stockholders of record immediately prior to such sale, immediately after such sale, hold less than fifty percent (50%) of the voting power of the surviving or acquiring entity; that a transfer by one
Party to a wholly owned Subsidiary of the ultimate parent company of such Party is not a Change of Control.

“” means the courts of the State of Delaware or the United States District Court for the State of Delaware, which courts shall have exclusive jurisdiction for such purposes.

“” has the meaning set forth in the Preamble.

“” has the meaning set forth in the Separation and Distribution Agreement.

“” has the meaning set forth in .

“”means any written contract, agreement, lease, license,
note, mortgage, indenture, arrangement or other obligation.

“” means unauthorized access to or
infiltration of information technology systems that results in the unauthorized access to, encryption or exfiltration of Personal Information or other Confidential Information or the unavailability, disruption or other corruption of such information
technology systems.

“” means any loss, damage, injury, claim, demand, settlement, judgment, award, fine,
penalty