Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 221

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 221
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 in accordance with their respective terms. Nothing contained in or shall release any Person from:

(i) any Liability provided in or resulting from any agreement among any members of the Company Group or the SpinCo Group that
is specified in or the applicable Schedules thereto as not to terminate as of the Distribution Effective Time, or any other Liability which provides shall not
terminate as of the Distribution Effective Time;

(ii) any Liability, contingent or otherwise, assumed, transferred,
assigned or allocated to the Group of which such Person is a member in accordance with, or any other Liability of any member of any Group under, this Agreement or any Ancillary Agreement;

52

(iii) any Liability for the sale, lease, construction or receipt of goods,
property or services purchased, obtained or used in the ordinary course of business by a member of one Group from a member of the other Group prior to the Distribution Effective Time;

(iv) any Liability that the Parties may have with respect to indemnification or contribution pursuant to this Agreement, any
Ancillary Agreement or otherwise for claims brought against the Parties by Third Parties, which Liability shall be governed by the provisions of this and and, if applicable, the appropriate provisions of the
Ancillary Agreements; or

(v) any Liability the release of which would result in the release of any Person other than a
Person released pursuant to this .

In addition, nothing contained in shall
release any member of the Company Group from honoring its existing obligations to indemnify any director, officer or employee of a member of the SpinCo Group who was a director, officer or employee of any member of the Company Group at or prior to
the Distribution Effective Time, to the extent such director, officer or employee becomes a named defendant in any Action with respect to which such director, officer or employee was entitled to indemnification pursuant to such existing obligations
of any member of the Company Group; , , that if the underlying obligation giving rise to such Action is a SpinCo Liability, SpinCo shall indemnify the Company for such Liability (including the Company’s costs to
indemnify the director, officer or employee) in accordance with the provisions set forth in this .

(d)
No Claims. SpinCo shall not make, and shall not permit any other member of the SpinCo 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 the Company or any other member of the Company Group, or any other Person released pursuant to , with