Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 212

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 212
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be reduced by any Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses and any deductible or retention amount incurred in
the collection thereof) from any Person by or on behalf of the Indemnitee in respect of the related Liability. If an Indemnitee receives a payment (an “”) required by this Agreement from an Indemnifying Party in
respect of any Liability and subsequently receives Insurance Proceeds or any other amounts in respect of such

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Liability, then, within ten (10) calendar days of receipt of such Insurance Proceeds or such other amounts, the Indemnitee shall pay to the Indemnifying Party an amount equal to the excess
of the Indemnity Payment received over the amount of the Indemnity Payment that would have been due if such Insurance Proceeds or such other amounts (net of any
out-of-pocket costs or expenses and any deductible or retention amount incurred in the collection thereof) had been received, realized or recovered before the Indemnity
Payment was made.

(b) The Parties agree that an insurer that would otherwise be obligated to pay any claim shall not be
relieved 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