Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 211

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 211
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 each member of the SpinCo Group and each of their respective
past, present and future directors, officers, employees or 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 SpinCo Indemnitees to the extent relating to, arising out of or resulting from, directly or indirectly, any of the following items (without duplication):

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(a) any Company Liability;

(b) any failure of the Company, any other member of the Company Group or any other Person to pay, perform or otherwise promptly
discharge any Company Liabilities in accordance with their terms, whether prior to, on or after the Distribution Effective Time;

(c) any breach by the Company or any other member of the Company Group of this Agreement or any of the Ancillary Agreements;

(d) except to the extent it relates to a SpinCo Liability, any guarantee, indemnification or contribution obligation,
surety bond or other credit support agreement, arrangement, commitment or understanding for the benefit of any member of the Company Group by any member of the SpinCo Group that survives following the Distribution;

(e) any untrue statement or alleged untrue statement of a material fact or omission or alleged omission to state a material
fact required to be stated therein or necessary to make the statements therein not misleading, relating to, arising out of or resulting from any Company Disclosure contained in the Form 10, the Information Statement or any other Disclosure Document
(each as amended or supplemented), and any stockholder or securities litigation, and the administration thereof, to the extent relating to any Company Disclosure contained in the Form 10, the Information Statement or any other Disclosure
Document; and

(f) the Company’s securities filings, the maintenance of the Company’s books and records, the
Company’s corporate compliance and other corporate-level actions and oversight of the Company.

4.4 .

(a) The Parties intend that any Liability subject to indemnification,
contribution or reimbursement pursuant to this or will be net of 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 any indemnifiable Liability. Accordingly, the amount that either Party (an “”) is required to pay to any Person entitled to indemnification or contribution hereunder (an “”) shall