Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 225

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 225
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ieved of the responsibility with respect thereto or, solely by virtue of any provision contained in this Agreement or any Ancillary Agreement, have any subrogation rights with respect thereto, it being understood that no insurer or any other
Third Party shall be entitled to a “windfall” (i.e., a benefit it would not be entitled to receive in the absence of the indemnification provisions in this Agreement or any Ancillary Agreement) by virtue of the indemnification and
contribution provisions hereof. Each Party shall, and shall cause the members of its Group to, use commercially reasonable efforts (taking into account the probability of success on the merits and the cost of expending such efforts, including
attorneys’ fees and expenses) to collect or recover, any Insurance Proceeds or other amounts that may be collectible or recoverable respecting the Liabilities for which indemnification or contribution may be available under this . Notwithstanding the foregoing, an Indemnifying Party shall not delay making any indemnification payment required, or otherwise satisfying any indemnification obligation, under the terms of this Agreement pending the outcome of any Action to
collect or recover Insurance Proceeds or other amounts, and an Indemnitee need not attempt to collect any Insurance Proceeds or other amounts prior to making a claim for indemnification or contribution or receiving any Indemnity Payment otherwise
owed to it under this Agreement or any Ancillary Agreement.

4.5 .

(a) Notice of Claims. If, on or following the Distribution Effective Time, an Indemnitee shall receive notice or
otherwise learn of the assertion by any Third Party (including any Governmental Authority) of any claim or of the commencement by any such Third Party of any Action (collectively, a “”) with respect to which an
Indemnifying Party may be obligated to provide indemnification to such Indemnitee pursuant to or , or any other Section of this Agreement or any Ancillary Agreement, such Indemnitee shall give such
Indemnifying Party written notice thereof as soon as practicable, but in any event within twenty-one (21) days (or sooner if the nature of the Third-Party Claim so requires) after becoming aware of such
Third-Party Claim. Any such notice shall describe the Third-Party Claim in reasonable detail, including the facts and circumstances giving rise to such claim, and include copies of all notices and documents (including court papers) received by the
Indemnitee relating to the Third-Party Claim. Not