Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 299

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 299
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 prior to making any such modification or amendment that would materially adversely affect Buyer (as defined in the Separation Agreement), its Affiliates or the Company Group, the Company
shall also obtain Buyer’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed); , , that consent from Buyer shall not be required if at or before such modification or
amendment is made, the Merger Agreement has been terminated in accordance with the terms thereof.

Section 13.8 .
Each of the Parties shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any entity that is contemplated to be a Subsidiary of such Party after the
Distribution Date.

Section 13.9 . The Parties agree not to directly or indirectly take any actions, act in
concert with any Person who takes an action, or cause or allow any member of any such Party’s Subsidiaries to take any actions (including the failure to take a reasonable action) such that the resulting effect is to materially undermine the
effectiveness of any of the provisions of this Agreement (including adversely affecting the rights or ability of any Party to successfully pursue indemnification or payment pursuant to this Agreement or Article IV of the Separation Agreement).

Section 13.10 . Titles and headings to Sections herein are inserted for convenience of reference only and are
not intended to be a part of or to affect the meaning or interpretation of this Agreement.

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Section 13.11 . In the event any one or more of the provisions
contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby. The
Parties shall endeavor in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

Section 13.12 . Nothing in this Agreement is intended to confer to or impose upon any Party
a duplicative right, entitlement, obligation or recovery with respect to any matter arising out of the same facts and circumstances (including with respect to the rights, entitlements, obligations and recoveries that may arise out of Separation
Agreement or any of the other Ancillary Agreements).

[signature page follows]

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IN WITNESS WHEREOF,