Company: WBD
Filing Date: 2025-02-27
Form Type: S-3ASR
Source: 0001193125-25-039203
Chunk: 57

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-02-27
Form: S-3ASR
Chunk 57
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 that, consistent with Section 102(b)(7) of the DGCL, no director shall be liable to WMH or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability: (i) for any breach of
the director’s duty of loyalty to WMH or its stockholders; (ii) for acts or omissions not in good faith or which involve intentional misconduct or knowing violation of the law; (iii) under Section 174 of the DGCL; or
(iv) for any transaction from which a director derived an improper personal benefit.

Provisions in the WMH amended and restated
bylaws provide that WMH will indemnify, to the fullest extent permitted by the DGCL and other applicable law, any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative, including any action or suit by WMH or in its right, by reason of the fact that (a) such person is or was serving or has agreed to serve as a director or officer of WMH, or,
(b) such person, while serving as a director or officer of WMH, is or was serving or has agreed to serve at WMH’s request as a director, officer, employee, manager or agent of another corporation, partnership, joint venture, trust or other
enterprise, or (c) such person is or was serving or has agreed to serve at the request of WMH as a director, officer or manager of another corporation, partnership, joint venture, trust or other enterprise, or by reason of any action alleged to
have been taken or omitted by such person in such capacity, and who satisfied the applicable standard of conduct set forth in the DGCL or other applicable law: (i) in a proceeding other than a proceeding by or in the right of WMH, against
expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person or on such person’s behalf in connection with such proceeding

II-2

and appeal therefrom or (ii) in a proceeding by or in the right of WMH to procure a judgment in its favor, against expenses (including attorneys’ fees) actually and reasonably incurred
by such person or on such person’s behalf in connection with the defense or settlement of such proceeding and any appeal therefrom.

The WMH amended and restated bylaws further state that