Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 222

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 222
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 respect to any Liabilities released pursuant to . The
Company shall not make, and shall not permit any other member of the Company Group to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification against SpinCo or any
other member of the SpinCo Group, or any other Person released pursuant to , with respect to any Liabilities released pursuant to .

(e) Execution of Further Releases. At any time at or after the Distribution Effective Time, at the request of either
Party, the other Party shall cause each member of its Group to execute and deliver releases reflecting the provisions of this .

(f) Ancillary and Other Agreements. Each of SpinCo and the Company, on behalf of itself and the members of its
respective Group, hereby knowingly, unconditionally and irrevocably waives any claims, rights of termination and any other rights under any Ancillary Agreement or any agreements, arrangements, commitments or understandings that are specified in
related to or arising out of the Separation or the Distribution (including with respect to any “change of control” or similar provision or due to any Party no longer being an Affiliate of the
other Party), in each case, other than Taxes addressed by the Tax Matters Agreement, and agrees that any change in rights or obligations that would automatically be effective as a result thereof be deemed amended to no longer apply (and that
shall apply in respect of such amendments).

53

4.2 . Except as otherwise specifically set forth in this
Agreement or in any Ancillary Agreement, to the fullest extent permitted by Law, SpinCo shall, and shall cause the other members of the SpinCo Group to, indemnify, defend and hold harmless the Company, each member of the Company Group and each of
their respective past, present and future directors, officers, employees and agents, in each case in their respective capacities as such, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the
“”), from and against all Losses actually suffered or incurred by the Company Indemnitees to the extent relating to, arising out of or resulting from, directly or indirectly, any of the following items (without
duplication):

(a) any SpinCo Liability;

(b) any failure of SpinCo, any other member of the SpinCo Group or any other Person to pay, perform or otherwise promptly
discharge any SpinCo Liabilities in accordance with their terms, whether