Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 357

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 357
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than the Parties and their respective successors, legal representatives and permitted assigns any rights or remedies, express or implied. For the avoidance of doubt, no stockholder of the Company or SpinCo shall be third-party beneficiaries for any
purpose prior to the Distribution, and no stockholder (or Party on behalf of their respective stockholders) shall be entitled to bring any claim for damages prior to the Distribution based on a decrease in share value or lost premiums.

Section 14.10 . This Agreement shall terminate immediately upon the valid termination of the Separation Agreement, if
the Separation Agreement is validly terminated in accordance with its terms prior to the Distribution. After the Distribution, this Agreement may not be terminated except by an agreement in writing signed by a duly authorized officer of each of the
Company and SpinCo. In the event of any termination of this Agreement, neither Party (or any of their respective directors, officers, members or managers) shall have any liability or further obligation to any other Party by reason of this Agreement.

Section 14.11 .

(a) Except as otherwise expressly provided to the contrary in this Agreement, any amount that is to be paid by or reimbursed by a Party to the
other Party under this Agreement shall be set forth in an invoice or notice describing in reasonable detail the particulars thereof and accompanied by a reasonable explanation or reasonable documentation supporting such amount (a “”) delivered by the Party making the payment or seeking reimbursement, as applicable, to the other Party. To the extent that the Party receiving the Payment Notice does not agree with the amount or with any other matter set forth in
the Payment Notice, such Party shall notify the other Party of the disputed matters on or before the Payment Notice Review Date and the disputed matters shall be resolved in accordance with . Payment shall be made

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between the Parties on or before the Payment Notice Settlement Date in the amount set forth in the Payment Notice; that if any matters with respect to the Payment Notice have been
disputed, and the disputed matters are resolved in accordance with before the Payment Notice has been paid, then payment shall be made in the amount specified in the resolution, and if the disputed matters are
not resolved by such date, then appropriate adjustment to the amount of the payment shall be made between the Parties within ten (10) Business Days following the resolution of the dispute.

(b) Except as expressly provided to the contrary in this Agreement, any amount not paid when due pursuant to this Agreement shall bear
interest at a rate per annum equal to the rate in effect