Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 243

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 243
---
 an agreement in form and substance reasonably satisfactory to the other
Party. Nothing herein is intended to, or shall be construed to, prohibit either Party or any member of its Group from being party to or undertaking a change of control or sale of all or substantially all of a Party (or its assets).

79

10.4 . Except (a) for any Company Indemnitee or SpinCo
Indemnitee (in their respective capacities as such) expressly entitled to indemnification rights under this Agreement or any Ancillary Agreement and (b) Buyer, which is an express third party beneficiary of
, , , and of this Agreement and of any section of any Ancillary
Agreement of which Buyer is an express third party beneficiary thereof as set forth in such Ancillary Agreement, and solely with respect to , ,
, and of this Agreement, and of any section of any Ancillary Agreement of which Buyer is an express third party beneficiary thereof as set forth in
such Ancillary Agreement (provided that the exception set forth in this shall be deemed not to apply if the Merger Agreement has been terminated in accordance with the terms thereof), (i) the provisions of
this Agreement and each Ancillary Agreement are solely for the benefit of the Parties hereto and parties thereto, respectively, and are not intended to confer upon any other Person any rights or remedies hereunder, and (ii) there are no
third-party beneficiaries of this Agreement or any Ancillary Agreement and neither this Agreement nor any Ancillary Agreement shall provide any Third Party with any remedy, claim, Liability, reimbursement, claim of action or other right in excess of
those existing without reference to this Agreement or any Ancillary Agreement.

10.5 . All notices, requests, claims,
demands or other communications under this Agreement and, to the extent applicable and unless otherwise provided therein, under each of the Ancillary Agreements shall be in writing and shall be given or made (and shall be deemed to have been duly
given or made upon receipt) by delivery in person, by overnight courier service or by e-mail with receipt confirmed (followed by delivery of an original via overnight courier service or by registered or
certified mail postage prepaid, return receipt requested) to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this
):

If to the Company, to:

[New Wonder]

[•]

Attention: [•]

E-mail: [•]

If to SpinCo