Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 152

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 152
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, hereby agree as set forth herein.

ARTICLE I

DEFINITIONS

For the purpose of this Agreement, the following terms shall have the following meanings:

“” shall have the meaning set forth in .

“” shall have the meaning set forth in .

5

“” shall mean any demand, action, claim, charge, dispute, suit,
countersuit, arbitration, inquiry, subpoena, proceeding or investigation of any nature (whether criminal, civil, legislative, administrative, regulatory, prosecutorial or otherwise) by or before any Governmental Authority or any arbitration or
mediation tribunal.

“” shall mean, when used with respect to a specified Person, a Person that, directly or
indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such specified Person. For the purpose of this definition, “” (including, with correlative meanings,
“” and “”), shall mean, when used with respect to any specified Person, the possession, directly or indirectly, of the power to direct or cause the direction of the
management and policies of such Person, whether through the ownership of voting securities or other interests, by contract, agreement, obligation, indenture, instrument, lease, promise, arrangement, release, warranty, commitment, undertaking or
otherwise. It is expressly agreed that, prior to, at and after the Distribution Effective Time, for purposes of this Agreement and the Ancillary Agreements, (a) no member of the SpinCo Group shall be deemed to be an “Affiliate” of
any member of the Company Group and (b) no member of the Company Group shall be deemed to be an “Affiliate” of any member of the SpinCo Group.

“” shall mean the trust company or bank duly appointed by the Company to act as distribution agent, transfer agent and
registrar for the SpinCo Shares in connection with the Distribution.

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

“” shall have the meaning set forth in
.

“” shall mean the following agreements entered into by
the Parties or members of their respective Groups in connection with the Separation, the Distribution or the other transactions contemplated by this Agreement: (a) the Transition Services Agreement, (b) the Tax Matters Agreement,
(c) the Employee Matters Agreement, (d) the Intellectual Property Matters Agreement, (e) the Commercial Agreements, (f) the Leases, and (g) the Transfer Documents and (h) the Data