Company: WBD
Filing Date: 2025-02-27
Form Type: S-3ASR
Source: 0001193125-25-039203
Chunk: 56

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-02-27
Form: S-3ASR
Chunk 56
---
 transaction from which the
director or senior officer derived an improper personal benefit; or (v) of a senior officer for any action by or in the right of the corporation. No such provision may eliminate or limit the liability of a director or senior officer for any act
or omission occurring prior to the date when such provision became effective.

Warner Bros. Discovery, Inc.

The WBD charter provides that, consistent with Section 102(b)(7) of the DGCL, no director shall be liable to WBD or its stockholders for
monetary damages for breach of fiduciary duty as a director, except for liability: (i) for any breach of the director’s duty of loyalty to WBD or its stockholders; (ii) for acts or omissions not in good faith or which involve
intentional misconduct or knowing violation of the law; (iii) under Section 174 of the DGCL; or (iv) for any transaction from which a director derived an improper personal benefit.

Provisions in the WBD bylaws provide that WBD will indemnify any person who was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, including any action or suit by WBD or in its right, by reason of the fact that such person is or was a director or officer of
WBD, or while such person is or was a director or officer of WBD, is or was serving at WBD’s request as a director, officer, employee or agent of another corporation, partnership, limited liability company, joint venture, trust, employee
benefit plan or other enterprise, against all liabilities and losses, judgments, fines, penalties, excise taxes, amounts paid in settlement and costs, charges and expenses (including attorneys’ fees and disbursements), in each case only if and
to the extent permitted under applicable state or federal law. Persons who are not directors or officers of WBD may be similarly indemnified in respect of service to WBD or to another enterprise at the request of WBD to the extent the Board of
Directors at any time specifies that such persons are entitled to the indemnification benefits set forth in the WBD bylaws.

The WBD
bylaws further state that this indemnification shall not be deemed exclusive of any other right to which the indemnified person may be entitled.

WarnerMedia Holdings, Inc.

The
WMH charter provides