Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 221

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 221
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 the Tax Matters Agreement in relation to any matters addressed by the Tax Matters Agreement, the Tax Matters
Agreement shall prevail. For the avoidance of doubt, , and do not apply to Taxes, which shall be governed by the Tax Matters Agreement.
The rights and obligations of the Parties with respect to Production Incentives shall be governed by the Tax Matters Agreement, and in the case of any conflict between this Agreement and the Tax Matters Agreement in relation to any Production
Incentives, the Tax Matters Agreement shall prevail.

(b) Notwithstanding any provisions of this Article to the
contrary, the indemnification and contribution obligations contained herein shall not apply to any Liabilities relating to, arising out of or resulting from any matters addressed by the Employee Matters Agreement and instead the indemnification
obligations or contribution obligations set forth in the Employee Matters Agreement shall govern with regard to such Liabilities. In the case of any conflict between Article of this Agreement and the Employee Matters Agreement in relation
to any matters addressed by the Employee Matters Agreement, the Employee Matters Agreement shall prevail.

(c)
Notwithstanding any provisions of this to the contrary, the indemnification obligations and contribution obligations contained herein shall not apply to any Liabilities relating to, arising out of or resulting from the rights and
obligations of the Parties under the Transition Services Agreement and instead the indemnification obligations or contribution obligations set forth in the Transition Services Agreement shall govern with regard to such Liabilities. In the case of
any conflict between of this Agreement and the Transition Services Agreement in relation to any matters addressed by the Transition Services Agreement, the Transition Services Agreement shall prevail.

(d) Notwithstanding any provisions of this to the contrary, the indemnification obligations and contribution
obligations contained herein shall not apply to any Liabilities relating to, arising out of or resulting from the rights and obligations of the Parties under any Commercial Agreement and instead the indemnification obligations or contribution
obligations set forth in such Commercial Agreement shall govern with regard to such Liabilities. In the case of any conflict between Article IV of this Agreement and any Commercial Agreement in relation to any matters addressed by such Commercial
Agreement, such Commercial Agreement shall prevail.

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(e) Notwithstanding any provisions of this to the
contrary, the indemnification obligations and contribution obligations contained herein shall not apply to any Liabilities relating to, arising out of or resulting from the rights and obligations of the Parties under any Lease and instead the
indemnification obligations or contribution obligations set forth in such Lease shall govern with regard