Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 231

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 231
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 claim.

(e)
Substitution. In the event of an Action for which a Party is entitled to indemnification hereunder in which the Indemnifying Party is not a named defendant, if either the Indemnitee or Indemnifying Party shall so request, the Parties shall
endeavor to substitute the Indemnifying Party for the named defendant. If such substitution or addition cannot be achieved for any reason or is not requested, the named defendant shall allow the Indemnifying Party to manage the Action as set forth
in and this , and the Indemnifying Party shall fully indemnify the named defendant against all costs of defending the Action (including court costs, sanctions imposed by a
court, attorneys’ fees, experts’ fees and all other external expenses), the costs of any judgment or settlement and the cost of any interest or penalties relating to any judgment or settlement.

(f) Segregated Account. The Company shall establish an account on its books and records (a “”) into which any payment under or indemnification, contribution, tax sharing or similar payments that are received by any member of the Company Group under this Agreement or any of the
Ancillary Agreements shall be deposited. The Company will be permitted to invest such proceeds and any other balance of the Segregated Account in cash or short-term investments. The Company shall use the balance of the Segregated Account (inclusive
of the proceeds of the Segregated Account) to (i) repurchase the Company common stock, make pro rata cash distributions to its stockholders and/or (ii) repay or repurchase [WB Holdings] debt from third-party lenders, that,
upon the consummation of the Merger, the obligations described in this shall terminate and the Company shall be permitted to release the Segregated Account balance.

4.7 .

(a) Contribution. If any right of indemnification contained in or is
held unenforceable or is unavailable for any reason, or is insufficient to hold harmless an Indemnitee in respect of any Liability for which such Indemnitee is entitled to indemnification hereunder, then the Indemnifying Party shall contribute to
the amounts paid or payable by the Indemnitees as a result of such Liability (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and the members of its Group, on the one hand,
and the Indemnitees entitled to contribution, on the other hand,