Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 153

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 153
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 (including any Intellectual Property),
the exhibition, sale, distribution, publication, transmission, broadcast, telecast, performance, display, license, covenant not to sue or enjoin, right to obtain, enforce or register, covenant not to sue or enjoin last, sublicense, use,
reproduction, marketing, creating derivative works of, or other commercial exploitation thereof, by any means, methods, processes, media devices and delivery systems of every kind or character, whether now known or hereafter created.
“” means to cause the Exploitation.

“” means the United States Foreign Corrupt Practices
Act of 1977.

“” means any debt financing, whether in the form of debt securities, a credit or loan facility
or otherwise, obtained or proposed to be obtained by Buyer in connection with the Transactions, including the debt financing contemplated by the Debt Commitment Letter or any other debt financing the proceeds of which are intended to be used to
finance the payment, in whole or in part, of the Cash Consideration or in connection with any of the transactions contemplated by or any of the other amounts payable by Buyer under this Agreement or in
connection with the Transactions.

“” means the Debt Commitment Letter, any other commitment letter,
engagement letter, underwriting agreement, purchase agreement, placement agreement, credit agreement or indenture or any other agreement or document, in each case entered into by any Financing Source, on the one hand, and Buyer, on the other, in
connection with any Financing.

“” means the Financing Sources, their respective Affiliates
and the respective partners, managers, members, trustees, officers, directors, employees, controlling persons, agents and other Representatives of any of the foregoing, and their respective successors and permitted assigns.

“” means the Persons (other than Buyer) party from time to time to the Debt Commitment Letter or any other
Financing Document, including any such Persons becoming party thereto pursuant to any joinder documentation, and each other Person that has committed or agreed to provide, arrange, syndicate, underwrite, purchase or place any Financing, or has
otherwise entered into any agreement with Buyer in connection with, or that is otherwise acting as an arranger, bookrunner, underwriter, initial purchaser, placement agent, administrative agent, trustee or a similar representative in respect of, all
or any part of the Financing, and their respective successors and permitted assigns.

Annex A-9

“” means foreign and transnational Governmental
Entities with jurisdiction over