Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 224

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 224
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 the Company Group for any deductibles, retention, retrospective premium payments, indemnity payments, settlements, judgments, legal fees, allocated claims expenses, claim handling fees and expenses, and other expenses incurred or payable
by the Company or any other member of the Company Group to the extent resulting from any pursuit of any claims on behalf of SpinCo or any other members of the SpinCo Group, whether such claims are pursued on behalf of SpinCo or any other members of
the SpinCo Group, employees of SpinCo or any other members of the SpinCo Group, or Third Parties; provided that, notwithstanding the foregoing, with respect to Pre-Distribution Effective Time Occurrence-Based
Insurance Claims, whether or not known or reported on or prior to the Distribution Date, the Company Group shall be responsible for the reimbursement of any deductible or retention.

(iii) SpinCo shall exclusively bear (and neither the Company nor any other member of the Company Group shall have any
obligation to repay or reimburse SpinCo or any other member of the SpinCo Group for) and shall be liable for all excluded, uninsured, uncovered, unavailable or uncollectible amounts of all such claims pursued on behalf of SpinCo or any other member
of the SpinCo Group under the Accessible Company Policies as provided for in this . In the event an Accessible Company Policy aggregate is exhausted, or reasonably likely to be exhausted, due to noticed
claims, the SpinCo Group, on the one hand, and the Company Group, on the

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other hand, shall be responsible for their pro rata portion of the reinstatement premium, if any, based upon the losses of such Group submitted to the Company’s insurance carrier(s)
(including any submissions prior to the Distribution Effective Time). To the extent that the SpinCo Group or the Company Group is allocated more than its pro rata portion of such premium due to the timing of losses submitted to the Company’s
insurance carrier(s), the other Party shall promptly pay the first Party an amount so that each Group has been properly allocated its pro rata portion of the reinstatement premium; and

(iv) SpinCo shall, and shall cause the other members of the SpinCo Group to, cooperate and assist the Company and the members
of the Company Group and share such information as is reasonably necessary in order to allow the Company and the members of the Company Group to pursue, manage and conduct any claim on behalf of the applicable member of the SpinCo Group under this
.

(c) For the avoidance of doubt,