Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 252

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 252
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holders of the members of their Groups, shall each ratify any actions that are reasonably necessary or desirable to be taken by the Company, SpinCo or any of the members of their respective
Groups, as the case may be, to effectuate the transactions contemplated by this Agreement and the Ancillary Agreements.

ARTICLE IX

TERMINATION

9.1
. This Agreement and all Ancillary Agreements shall not be terminated except by an agreement in writing signed by a duly authorized officer of each of the Company and, unless the Merger Agreement has been terminated in accordance
with the terms thereof, Buyer. After the Distribution Effective Time, this Agreement shall not be terminated except by an agreement in writing signed by a duly authorized officer of each of the Parties and, unless the Merger Agreement has been
terminated in accordance with the terms thereof, Buyer.

9.2 . In the event of any termination of this
Agreement prior to the Distribution Effective Time, no Party (nor any of its directors, officers or employees) shall have any Liability or further obligation to the other Party by reason of this Agreement. In the event the Merger Agreement is
terminated in accordance with the terms thereof, any rights or obligations of Buyer under this Agreement shall automatically terminate and no Party (nor any of its directors, officers or employees) shall have any Liability or obligation to Buyer (or
any of their past or present directors, officers, employees, agents, heirs, executors, successors or assigns) by reason of this Agreement.

ARTICLE X

MISCELLANEOUS

10.1 .

(a) This Agreement and each Ancillary Agreement may be executed in one or more counterparts, all of which shall be considered
one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties hereto or the parties thereto, respectively, and delivered to the other Party hereto or parties thereto, respectively.

(b) This Agreement, the Ancillary Agreements and the Exhibits, Schedules and appendices hereto and thereto contain the entire
agreement between the Parties with respect to the subject matter hereof, and supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter, and there are no
agreements or understandings between the Parties other than those set forth or referred to herein or therein.

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(c) The Company represents on behalf of itself and each other member of the
Company Group, and