Paramount Skydance Corporation – Material Contracts Watch

from 8-K 9 pages This Separation Agreement and General Release of All Claims (This “Agreement”) Is Entered Into by Jeffrey Shell (The “Executive”), Paramount Global, a Delaware Corporation (“Paramount”), and Paramount Skydance Corporation, a Delaware Corporation (“Parent” And, Together With Paramount, the “Company”), as of April 8, 2026 and Effective as of the Effective Date (As Defined Below). Reference Is Made to That Certain Employment Agreement Between the Executive and the Company Dated as of August 7, 2025 (The “Employment Agreement”). Any Capitalized Terms Used but Not Defined in This Agreement Shall Have the Meanings Ascribed to Them in the Employment Agreement. the Company’s and the Executive’s Rights and Obligations Under the Employment Agreement Shall Survive if and as Set Forth Therein, Subject to the Below. the Executive’s Employment With the Company and the Contract Period Terminated on April 8, 2026 (The “Separation Date”). in Consideration of the Promises to Provide the Severance Benefits (As Defined Below) to the Executive, the Executive and the Company Agree as Follows: 1. Severance Benefits. (A) Solely in Consideration of the Executive Executing This Agreement, the Company Agrees to Provide the Executive With the Following Payments and Benefits (It Being Understood That the Accrued Compensation and Benefits Are Not Contingent Upon the Executive Executing This Agreement)

from 8-K 26 pages Subscription Agreement

from DFAN14A 26 pages Subscription Agreement

from 8-K 34 pages Subscription Agreement

from DFAN14A 34 pages Subscription Agreement

from DFAN14A 18 pages Ellison Guarantee

from 8-K 18 pages Ellison Guarantee

from 10-K 32 pages Pursuant to This Letter Agreement (This “Agreement”) by and Among Paramount Global, a Delaware Corporation (“Paramount”), Paramount Skydance Corporation, a Delaware Corporation (“Parent” And, Together With Paramount, the “Company”), and Makan Delrahim (“You”), the Company Agrees to Employ You (With Paramount Being Your Technical Employer), and You Accept Such Employment, on the Terms and Conditions Set Forth in This Agreement, Effective as of October 6, 2025, or Such Earlier Date as Mutually Determined by You and the Company (The Actual Date of Your Commencement of Employment With the Company Hereunder, the “Effective Date”). for Purposes of This Agreement, “New Paramount” Shall Mean Parent and Its Subsidiaries

from 10-K 1 page 1.paragraph 2 of Your Agreement Is Hereby Amended to Reflect the Assignment to You of the Duties, Responsibilities and Authorities of the Chief Financial Officer of the Company on an Interim Basis, Effective as of June 27, 2025, and Your Title Shall Be Updated to “Strategic Advisor to the Office of the CEO and Evp, Interim Chief Financial Officer” as of Such Effective Date. 2.except as Otherwise Provided Herein, Your Agreement Shall Continue in Full Force and Effect in Accordance With Its Terms. if the Foregoing Correctly Sets Forth Our Understanding, Please Sign and Return This Letter. This Document Shall Constitute a Binding Agreement Between US Only After It Also Has Been Executed by the Company and a Fully Executed Copy Has Been Returned to You. Very Truly Yours, Paramount Global By: /S/ Nancy Phillips Name: Nancy Phillips Title: Evp, Chief People Officer Accepted and Agreed: /S/ Andrew C. Warren Andrew C. Warren Dated: 6/8/2025

from 10-K 1 page Except as Herein Amended, All Other Terms and Conditions of Your Employment Agreement Shall Remain the Same and Your Employment Agreement as Herein Amended Shall Remain in Full Force and Effect. if the Foregoing Correctly Sets Forth Our Understanding, Please Sign and Return This Letter. This Document Shall Constitute a Binding Agreement Between US Only After It Also Has Been Executed by the Company and a Fully Executed Copy Has Been Returned to You. Very Truly Yours, Paramount Global By: /S/ Nancy Phillips Name:nancy Phillips Title: Executive Vice President, Chief People Officer Accepted and Agreed: /S/ Andrew C. Warren Andrew C. Warren Dated: Jul 20, 2024

from 10-K 25 pages 2.duties. You Shall Devote Your Entire Business Time, Attention and Energies to the Business of the Company During Your Employment With the Company. You Shall Be Strategic Advisor to the Office of the CEO, and You Shall Perform All Duties Reasonable and Consistent With Such Office as May Be Assigned to You From Time to Time by the President and Chief Executive Officer(s) of the Company (Your “Manager”), or Other Individual Designated by Your Manager’s Direct Supervisor. 3. Compensation

from 8-K 27 pages Pursuant to This Letter Agreement (This “Agreement”) by and Among Paramount Global, a Delaware Corporation (“Paramount”), Paramount Skydance Corporation, a Delaware Corporation (“Parent” And, Together With Paramount, the “Company”), and Dennis Cinelli (“You”), the Company Agrees to Employ You (With Paramount Being Your Technical Employer), and You Accept Such Employment, on the Terms and Conditions Set Forth in This Agreement, Effective as of January 15, 2026, or Such Other Date as Mutually Determined by You and the Company (The Actual Date of Your Commencement of Employment With the Company Hereunder, the “Effective Date”). for Purposes of This Agreement, “New Paramount” Shall Mean Parent and Its Subsidiaries

from 8-K12B 2 pages Paramount Skydance Corporation Non-Employee Director Compensation Program

from 8-K12B 20 pages Paramount Skydance Corporation 2025 Incentive Award Plan

from 8-K12B 27 pages Material contract

from 8-K12B 28 pages Material contract

from 8-K12B 27 pages Material contract

from 8-K12B 27 pages Paramount Skydance Corporation 2025 Incentive Award Plan Restricted Stock Unit Agreement

from 8-K12B 10 pages Paramount Skydance Corporation 2025 Incentive Award Plan Restricted Stock Unit Agreement

from 8-K12B 5 pages Voting Agreement