Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 209

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 209
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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 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