Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 311

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 311
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 shall be deemed to be an original, and
shall become effective when one or more such counterparts have been signed by each of the Parties and delivered to each of the Parties.

Section 13.5 . Except as otherwise contemplated by this Agreement, all covenants and agreements of
the Parties contained in this Agreement shall survive the Distribution Date.

Section 13.6 . Any provision of this
Agreement may be waived if, and only if, such waiver is in writing and signed by the Party against whom the waiver is to be effective. Notwithstanding the foregoing, no failure to exercise and no delay in exercising, on the part of any Party, any
right, remedy, power or privilege hereunder shall operate as a waiver hereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege. Any consent required or permitted to be given by any Party to any other Party under this Agreement shall be in writing and signed by the Party giving such consent and shall be effective only against such Party (and
its respective Subsidiaries).

Section 13.7 . This Agreement may not be modified or amended except by an agreement
in writing signed by each of the Parties; that 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