0001193125-10-035850 Sample Contracts

DISCOVERY PERFORMANCE EQUITY PROGRAM CASH-SETTLED STOCK APPRECIATION RIGHT AGREEMENT FOR EMPLOYEES

Appreciation Right Agreement for Employees • February 22nd, 2010 • Discovery Communications, Inc. • Cable & other pay television services • Delaware

• Contract Type
  Appreciation Right Agreement for Employees
• Filed
  February 22nd, 2010
• Company
  Discovery Communications, Inc.
• Industry
  Cable & other pay television services
• Jurisdiction
  Delaware

Discovery Communications, Inc. (the “Company”) has granted you a stock appreciation right (the “SAR”) under the Discovery Communications, Inc. 2005 Incentive Plan (As Amended and Restated) (the “Plan”). The Company’s general program to offer equity and equity-type awards to eligible employees is referred to as the “Performance Equity Program” (or “PEP”). The SAR lets you receive a cash amount equivalent to the appreciation in value, if any, at the time of exercise of a specified number of shares of the Company’s Series A common stock (the “SAR Shares”) over a specified measurement price per share (the “Base Price”).

DISCOVERY PERFORMANCE EQUITY PROGRAM NONQUALIFIED STOCK OPTION GRANT AGREEMENT FOR EMPLOYEES

Nonqualified Stock Option Grant Agreement for Employees • February 22nd, 2010 • Discovery Communications, Inc. • Cable & other pay television services

• Contract Type
  Nonqualified Stock Option Grant Agreement for Employees
• Filed
  February 22nd, 2010
• Company
  Discovery Communications, Inc.
• Industry
  Cable & other pay television services

Discovery Communications, Inc. (the “Company”) has granted you an option (the “Option”) under the Discovery Communications, Inc. 2005 Incentive Plan (As Amended and Restated) (the “Plan”). The Company’s general program to offer equity and equity-type awards to eligible employees is referred to as the “Performance Equity Program” (or “PEP”). The Option lets you purchase a specified number (the “Option Shares”) of shares of the Company’s Series A common stock, at a specified price per share (the “Grant Price”).

DISCOVERY COMMUNICATIONS, INC. PERFORMANCE RESTRICTED STOCK UNIT GRANT AGREEMENT FOR EMPLOYEES

Performance Restricted Stock Unit Grant Agreement for Employees • February 22nd, 2010 • Discovery Communications, Inc. • Cable & other pay television services • Delaware

• Contract Type
  Performance Restricted Stock Unit Grant Agreement for Employees
• Filed
  February 22nd, 2010
• Company
  Discovery Communications, Inc.
• Industry
  Cable & other pay television services
• Jurisdiction
  Delaware

Discovery Communications, Inc. (the “Company”) has granted you a performance restricted stock unit (the “PRSU”) under the Discovery Communications, Inc. 2005 Incentive Plan (As Amended and Restated) (the “Plan”). The PRSU lets you receive a specified number (the “PRSU Shares”) of shares (“Shares”) of the Company’s Series A common stock upon satisfaction of the conditions to receipt.

DISCOVERY COMMUNICATIONS, INC. RESTRICTED STOCK UNIT GRANT AGREEMENT FOR EMPLOYEES

Restricted Stock Unit Grant Agreement for Employees • February 22nd, 2010 • Discovery Communications, Inc. • Cable & other pay television services • Delaware

• Contract Type
  Restricted Stock Unit Grant Agreement for Employees
• Filed
  February 22nd, 2010
• Company
  Discovery Communications, Inc.
• Industry
  Cable & other pay television services
• Jurisdiction
  Delaware

Discovery Communications, Inc. (the “Company”) has granted you a restricted stock unit (the “RSU”) under the Discovery Communications, Inc. 2005 Incentive Plan (As Amended and Restated) (the “Plan”). The RSU lets you receive a specified number (the “RSU Shares”) of shares (“Shares”) of the Company’s Series A common stock upon satisfaction of the conditions to receipt.