Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 237

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 237
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 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, at and following the Distribution Effective
Time, SpinCo, or the applicable member of the SpinCo Group, shall be entitled to the proceeds payable from, and shall assume and be responsible for the reimbursement of any deductible or retention arising from, any
Pre-Distribution Effective Time Claims-Based Insurance Claim, in each case to the extent that such claim relates to the SpinCo Business, the SpinCo Assets or the SpinCo Liabilities.

(d) At the Distribution Effective Time, SpinCo shall have in effect all insurance programs required to comply with the
contractual obligations of SpinCo and the SpinCo Group and such other Insurance Policies required by Law or as reasonably necessary or appropriate for companies operating a business similar to SpinCo’s.

(e) All payments and reimbursements by SpinCo pursuant to this shall be made within
thirty (30) days after SpinCo’s receipt of an invoice therefor from the Company. If the Company incurs costs to enforce SpinCo’s obligations herein, SpinCo agrees to indemnify and hold harmless the Company for such enforcement
costs, including reasonable attorneys’ fees pursuant to .

(f) This Agreement
shall not be considered as an attempted assignment of any Insurance Policy or other