Document:

Exhibit 10.1

 

Execution Copy

 

KNIGHTSCOPE, INC.

 

AMENDMENT NO. 1 TO COMMON STOCK PURCHASE AGREEMENT

 

This
AMENDMENT NO. 1 TO COMMON STOCK PURCHASE AGREEMENT (this “Amendment”) is entered into as of April 11,
2022 (the “Effective Date”) and amends that certain Common Stock Purchase Agreement, dated as of April 4, 2022
(the “Purchase Agreement”), by and between B. Riley Principal Capital, LLC, a Delaware limited liability
company (the “Investor”), and Knightscope, Inc., a Delaware corporation (the “Company”).Capitalized
terms used and not expressly defined herein shall have the meanings for such terms set forth in the Purchase Agreement.

 

Whereas,
Section 10.6 of the Purchase Agreement provides that the Purchase Agreement may be amended prior to the date on which the Initial
Registration Statement is initially filed with the Commission, by written instrument signed by the parties to the Purchase Agreement;
and

 

Whereas,
the parties desire to make certain changes to certain of the defined terms set forth in the Purchase Agreement and add certain new defined
terms to the Purchase Agreement, which shall become effective immediately upon execution of this Amendment on the Effective Date.

 

Now,
Therefore, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Purchase Agreement is hereby amended, effective immediately upon execution of this Amendment on
the Effective Date and with effect from and after the Effective Date, as follows:

 

		1.	Amendment to the Purchase Agreement.

 

Effective immediately upon
execution of this Amendment on the Effective Date and with effect from and after the Effective Date, each of the Investor and the Company
hereby amend the Purchase Agreement as provided in this Section 1.

 

(a) Amendments
and Restatements of Certain Defined Terms. The definitions of “Intraday VWAP Purchase Ending Time,”
 “Intraday VWAP Purchase Maximum Amount,” “Intraday VWAP Purchase Share Amount,” “Intraday
VWAP Purchase Share Volume Maximum,” “VWAP Purchase Ending Time,” “VWAP Purchase Maximum
Amount,” “VWAP Purchase Share Amount” and “VWAP Purchase Share Volume Maximum Amount”
within Annex I to the Purchase Agreement are hereby amended and restated in their entirety and replaced with the following, respectively:

 

     

     

    

 

“ “Intraday
VWAP Purchase Ending Time” means, with respect to an Intraday VWAP Purchase made pursuant to Section 3.2, the time on the
Purchase Date for such Intraday VWAP Purchase that is the earliest of: (i) 4:00 p.m., New York City time, on the applicable Purchase
Date for such Intraday VWAP Purchase, or such earlier time publicly announced by the Trading Market (or, if the Common Stock is then listed
on an Eligible Market, by such Eligible Market) as the official close of the primary (or “regular”) trading session on the
Trading Market (or on such Eligible Market, as applicable) on such Purchase Date; (ii) immediately at such time following the Intraday
VWAP Purchase Commencement Time of the Intraday VWAP Purchase Period for such Intraday VWAP Purchase that the total number (or volume)
of shares of Common Stock traded on the Trading Market (or on such Eligible Market, as applicable) during such Intraday VWAP Purchase
Period has exceeded the applicable Intraday VWAP Purchase Share Volume Maximum for such Intraday VWAP Purchase; provided, however,
that the calculation of the total number (or volume) of shares of Common Stock traded on the Trading Market (or on such Eligible Market,
as applicable) shall exclude from such calculation (A) the opening or first purchase of Common Stock at or following the official open
of such primary (or “regular”) trading session that is reported in the consolidated system on such Purchase Date and (B) the
last or closing sale of Common Stock at or prior to the official close of such primary (or “regular”) trading session that
is reported in the consolidated system on such Purchase Date (as applicable); and (iii) immediately at such time following the Intraday
VWAP Purchase Commencement Time of the Intraday VWAP Purchase Period for such Intraday VWAP Purchase that the Sale Price of any share
of Common Stock traded on the Trading Market (or on such Eligible Market, as applicable) during such Intraday VWAP Purchase Period is
less than the applicable Intraday VWAP Purchase Minimum Price Threshold; provided, however, that the determination of whether
the Sale Price of any share of Common Stock traded on the Trading Market (or on such Eligible Market, as applicable) during such Intraday
VWAP Purchase Period shall exclude (A) the opening or first purchase of Common Stock at or following the official open of such primary
(or “regular”) trading session that is reported in the consolidated system on such Purchase Date and (B) the last or closing
sale of Common Stock at or prior to the official close of such primary (or “regular”) trading session that is reported in
the consolidated system on such Purchase Date (as applicable) (in each case, to be appropriately adjusted for any reorganization, recapitalization,
non-cash dividend, stock split, reverse stock split or other similar transaction).”

 

“ “Intraday
VWAP Purchase Maximum Amount” means, with respect to an Intraday VWAP Purchase made pursuant to Section 3.2, such number
of shares of Common Stock equal to the lesser of: (i) the product of (a) the Purchase Share Percentage, multiplied by (b) the Purchase
Volume Reference Amount applicable to such Intraday VWAP Purchase, and (ii) the product of (a) 0.20, multiplied by (b) the total number
(or volume) of shares of Common Stock traded on the Trading Market (or on such Eligible Market, as applicable) during the Intraday VWAP
Purchase Period for such Intraday VWAP Purchase; provided, however, that the calculation of the total number (or volume)
of shares of Common Stock traded on the Trading Market (or on such Eligible Market, as applicable) shall exclude from such calculation
(A) the opening or first purchase of Common Stock at or following the official open of such primary (or “regular”) trading
session that is reported in the consolidated system on such Purchase Date and (B) the last or closing sale of Common Stock at or prior
to the official close of such primary (or “regular”) trading session that is reported in the consolidated system on such Purchase
Date (as applicable) (in each case, to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split,
reverse stock split or other similar transaction).”

 

    2 

     

    

 

“ “Intraday
VWAP Purchase Share Amount” means, with respect to an Intraday VWAP Purchase made pursuant to Section 3.2, the total number
of Shares to be purchased by the Investor in such Intraday VWAP Purchase as specified by the Company in the applicable Intraday VWAP Purchase
Notice for such Intraday VWAP Purchase, which total number of Shares shall not exceed the Intraday VWAP Purchase Maximum Amount applicable
to such Intraday VWAP Purchase (and such number of Shares specified by the Company in the applicable Intraday VWAP Purchase Notice for
such Intraday VWAP Purchase shall be subject to automatic adjustment in accordance with Section 3.2 hereof as necessary to give effect
to the Intraday VWAP Purchase Maximum Amount limitation applicable to such Intraday VWAP Purchase as set forth in this Agreement).”

 

“ “Intraday
VWAP Purchase Share Volume Maximum” means, with respect to an Intraday VWAP Purchase made pursuant to Section 3.2, a number
of shares of Common Stock equal to the quotient obtained by dividing (i) the Intraday VWAP Purchase Share Amount to be purchased by the
Investor in such Intraday VWAP Purchase, by (ii) 0.20 (to be appropriately adjusted for any reorganization, recapitalization, non-cash
dividend, stock split, reverse stock split or other similar transaction).”

 

“ “VWAP
Purchase Ending Time” means, with respect to a VWAP Purchase made pursuant to Section 3.1, the time on the Purchase Date
for such VWAP Purchase that is the earliest of: (i) 4:00 p.m., New York City time, on the applicable Purchase Date for such Intraday
VWAP Purchase, or such earlier time publicly announced by the Trading Market (or, if the Common Stock is then listed on an Eligible Market,
by such Eligible Market) as the official close of the primary (or “regular”) trading session on the Trading Market (or on
such Eligible Market, as applicable) on such Purchase Date; (ii) immediately at such time following the VWAP Purchase Commencement Time
of the VWAP Purchase Period for such VWAP Purchase that the total number (or volume) of shares of Common Stock traded on the Trading Market
(or on such Eligible Market, as applicable) during such VWAP Purchase Period has exceeded the applicable VWAP Purchase Share Volume Maximum
for such VWAP Purchase; provided, however, that the calculation of the total number (or volume) of shares of Common Stock
traded on the Trading Market (or on such Eligible Market, as applicable) shall exclude from such calculation (A) the opening or first
purchase of Common Stock at or following the official open of such primary (or “regular”) trading session that is reported
in the consolidated system on such Purchase Date and (B) the last or closing sale of Common Stock at or prior to the official close of
such primary (or “regular”) trading session that is reported in the consolidated system on such Purchase Date (as applicable);
and (iii) immediately at such time following the VWAP Purchase Commencement Time of the VWAP Purchase Period for such VWAP Purchase that
the Sale Price of any share of Common Stock traded on the Trading Market (or on such Eligible Market, as applicable) during such VWAP
Purchase Period is less than the applicable VWAP Purchase Minimum Price Threshold; provided, however, that the determination
of whether the Sale Price of any share of Common Stock traded on the Trading Market (or on such Eligible Market, as applicable) during
such VWAP Purchase Period shall exclude (A) the opening or first purchase of Common Stock at or following the official open of such primary
(or “regular”) trading session that is reported in the consolidated system on such Purchase Date and (B) the last or closing
sale of Common Stock at or prior to the official close of such primary (or “regular”) trading session that is reported in
the consolidated system on such Purchase Date (as applicable) (in each case, to be appropriately adjusted for any reorganization, recapitalization,
non-cash dividend, stock split, reverse stock split or other similar transaction).”

 

    3 

     

    

 

“ “VWAP
Purchase Maximum Amount” means, with respect to a VWAP Purchase made pursuant to Section 3.1, such number of shares of Common
Stock equal to the lesser of: (i) the product of (a) the Purchase Share Percentage, multiplied by (b) the Purchase Volume Reference Amount
applicable to such VWAP Purchase, and (ii) the product of (a) 0.20, multiplied by (b) the total number (or volume) of shares of Common
Stock traded on the Trading Market (or on such Eligible Market, as applicable) during the VWAP Purchase Period for such VWAP Purchase;
provided, however, that the calculation of the total number (or volume) of shares of Common Stock traded on the Trading
Market (or on such Eligible Market, as applicable) shall exclude from such calculation (A) the opening or first purchase of Common Stock
at or following the official open of such primary (or “regular”) trading session that is reported in the consolidated system
on such Purchase Date and (B) the last or closing sale of Common Stock at or prior to the official close of such primary (or “regular”)
trading session that is reported in the consolidated system on such Purchase Date (as applicable) (in each case, to be appropriately adjusted
for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).”

 

“ “VWAP
Purchase Share Amount” means, with respect to a VWAP Purchase made pursuant to Section 3.1, the total number of Shares to
be purchased by the Investor in such VWAP Purchase as specified by the Company in the applicable VWAP Purchase Notice for such VWAP Purchase,
which total number of Shares shall not exceed the VWAP Purchase Maximum Amount applicable to such VWAP Purchase (and such number of Shares
specified by the Company in the applicable VWAP Purchase Notice for such VWAP Purchase shall be subject to automatic adjustment in accordance
with Section 3.1 hereof as necessary to give effect to the VWAP Purchase Maximum Amount limitation applicable to such VWAP Purchase as
set forth in this Agreement).”

 

“ “VWAP
Purchase Share Volume Maximum” means, with respect to a VWAP Purchase made pursuant to Section 3.1, a number of shares of
Common Stock equal to the quotient obtained by dividing (i) the VWAP Purchase Share Amount to be purchased by the Investor in such VWAP
Purchase, by (ii) 0.20 (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse
stock split or other similar transaction).”

 

    4 

     

    

 

(b) Addition
of Definitions of New Defined Terms to Annex I. The following definitions of the new defined terms set forth below are hereby
added to Annex I to the Purchase Agreement, as follows:

 

(i)            The definition of the new defined term “Intraday VWAP Purchase Minimum Price Threshold” as set forth
below shall be added to Annex I to the Purchase Agreement immediately following the definition of the term “Intraday VWAP
Purchase Maximum Amount” and immediately prior to the definition of the term “Intraday VWAP Purchase Notice”
in Annex I to the Purchase Agreement:

 

“ “Intraday
VWAP Purchase Minimum Price Threshold” means, with respect to an Intraday VWAP Purchase made pursuant to Section 3.2, the
dollar amount specified by the Company in the applicable Intraday VWAP Purchase Notice for such Intraday VWAP Purchase as the per share
minimum Sale Price threshold to be used in determining whether the event in clause (iii) of the definition of “Intraday VWAP Purchase
Ending Time” shall have occurred during the applicable Intraday VWAP Purchase Period for such Intraday VWAP Purchase (to be appropriately
adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction);
provided, however, that if the Company has not specified any such dollar amount as the per share minimum Sale Price threshold
in the applicable Intraday VWAP Purchase Notice for such Intraday VWAP Purchase, then the per share minimum Sale Price threshold to be
used in determining whether the event in clause (iii) of the definition of “Intraday VWAP Purchase Ending Time” shall have
occurred during the applicable Intraday VWAP Purchase Period for such Intraday VWAP Purchase shall be such dollar amount equal to the
product of (a) the Closing Sale Price of the Common Stock on the Trading Day immediately preceding the Purchase Date for such Intraday
VWAP Purchase, multiplied by (ii) 0.75 (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock
split, reverse stock split or other similar transaction).”

 

(ii)           The definition of the new defined term “Sale Price” as set forth below shall be added to Annex I to the
Purchase Agreement immediately following the definition of the term “Purchase Volume Reference Amount” and immediately
prior to the definition of the term “Threshold Price” in Annex I to the Purchase Agreement:

 

“ “Sale
Price” means, any trade price for a share of Common Stock on the Trading Market, or if the Common Stock is then traded on
an Eligible Market, on such Eligible Market, as reported by Bloomberg.”

 

(iii)          The definition of the new defined term “VWAP Purchase Minimum Price Threshold” as set forth below shall
be added to Annex I to the Purchase Agreement immediately following the definition of the term “VWAP Purchase Maximum Amount”
and immediately prior to the definition of the term “VWAP Purchase Notice” in Annex I to the Purchase Agreement:

 

    5 

     

    

 

“ “VWAP
Purchase Minimum Price Threshold” means, with respect to a VWAP Purchase made pursuant to Section 3.1, the dollar amount
specified by the Company in the applicable VWAP Purchase Notice for such VWAP Purchase as the per share minimum Sale Price threshold to
be used in determining whether the event in clause (iii) of the definition of “VWAP Purchase Ending Time” shall have occurred
during the applicable VWAP Purchase Period for such VWAP Purchase (to be appropriately adjusted for any reorganization, recapitalization,
non-cash dividend, stock split, reverse stock split or other similar transaction); provided, however, that if the Company
has not specified any such dollar amount as the per share minimum Sale Price threshold in the applicable VWAP Purchase Notice for such
VWAP Purchase, then the per share minimum Sale Price threshold to be used in determining whether the event in clause (iii) of the definition
of “VWAP Purchase Ending Time” shall have occurred during the applicable VWAP Purchase Period for such VWAP Purchase shall
be such dollar amount equal to the product of (a) the Closing Sale Price of the Common Stock on the Trading Day immediately preceding
the Purchase Date for such VWAP Purchase, multiplied by (ii) 0.75 (to be appropriately adjusted for any reorganization, recapitalization,
non-cash dividend, stock split, reverse stock split or other similar transaction).”

 

		2.	Effectiveness. This Amendment shall become effective immediately
upon the execution of this Amendment on the Effective Date.

 

		3.	Ratification. Except as set forth in Section 1 of this
Amendment, all of the provisions of the Purchase Agreement shall remain in full force and effect, each according to its terms as set forth
in the Purchase Agreement, and shall not be amended, changed, modified or superseded in any way whatsoever by this Amendment.

 

		4.	Counterparts. This Amendment may be executed in two or more identical
counterparts, all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed
by each party and delivered to the other party; provided that a facsimile signature or signature delivered by e-mail in a “.pdf”
format data file, including any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com,
www.echosign.adobe.com, etc., shall be considered due execution and shall be binding upon the signatory
thereto with the same force and effect as if the signature were an original signature.

 

		5.	Miscellaneous. Sections 10.2 through 10.4 (inclusive), Sections 10.6
through 10.11 (inclusive) and Section 10.15 of the Purchase Agreement are incorporated herein in their entirety and shall apply to this
Amendment, mutatis mutandis, with the same force and effect as if specifically set forth herein.

 

[Signature pages follow]

 

    6 

     

    

 

Execution Copy

 

IN WITNESS WHEREOF,
each of the parties hereto have caused this AMENDMENT NO. 1 TO COMMON STOCK PURCHASE AGREEMENT to
be duly executed by their respective authorized officer as of the date first above written.

 

	 	THE COMPANY:
	 	 
	 	KNIGHTSCOPE, INC.
	 	 	 
	 	By: 	/s/ William Santana Li
	 	Name: 	William Santana Li
	 	Title: 	Chairman and Chief Executive Officer
	 	 	 
	 	 	 
	 	THE INVESTOR:
	 	 
	 	B. RILEY PRINCIPAL CAPITAL, LLC:
	 	 	 
	 	By: 	/s/ Daniel Shribman
	 	Name: 	Daniel Shribman
	 	Title: 	President

 

 

SIGNATURE PAGE TO AMENDMENT NO. 1 TO COMMON STOCK
PURCHASE AGREEMENTEX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
 DISCOVERY
COMMUNICATIONS, LLC, 
 Issuer 

WARNER BROS. DISCOVERY, INC., 

Parent Guarantor 

MAGALLANES, INC., 

Subsidiary Guarantor 

and 
 U.S. BANK TRUST
COMPANY, NATIONAL ASSOCIATION, 
 Trustee 

TWENTIETH SUPPLEMENTAL INDENTURE 

DATED AS OF APRIL 8, 2022 

TO 
 INDENTURE 

DATED AS OF AUGUST 19, 2009 

Relating To 

$1,200,000,000 2.950% Senior Notes due 2023 

£400,000,000 2.500% Senior Notes due 2024 

$476,725,000 3.900% Senior Notes due 2024 

$488,512,000 3.950% Senior Notes due 2025 

$1,700,000,000 3.950% Senior Notes due 2028 

$750,000,000 4.125% Senior Notes due 2029 

$1,000,000,000 3.625% Senior Notes due 2030 

$1,250,000,000 5.000% Senior Notes due 2037 

$1,250,000,000 5.200% Senior Notes due 2047 

$750,000,000 5.300% Senior Notes due 2049 

$1,000,000,000 4.650% Senior Notes due 2050 

$1,732,036,000 4.000% Senior Notes due 2055 

 TWENTIETH SUPPLEMENTAL INDENTURE 

TWENTIETH SUPPLEMENTAL INDENTURE, dated as of April 8, 2022 (the “Supplemental Indenture”), to the Base Indenture
(defined below) among Discovery Communications, LLC, a Delaware limited liability company (the “Company”), Warner Bros. Discovery, Inc. (f/k/a Discovery, Inc.), a Delaware corporation (the “Parent
Guarantor”), Magallanes, Inc., a Delaware corporation (the “Subsidiary Guarantor”) and U.S. Bank Trust Company, National Association, as Trustee (the “Trustee”). 

RECITALS 
 WHEREAS, the
Company has executed and delivered to the Trustee the Indenture, dated as of August 19, 2009 (the “Base Indenture” and, together with this Supplemental Indenture, the “Indenture”), providing for the issuance
from time to time of its Securities; 
 WHEREAS, the Company has previously established (i) a series of its Securities designated as
the “2.950% Senior Notes due 2023” (the “2023 Notes”) and issued $1,200,000,000 aggregate principal amount of the 2023 Notes, (ii) a series of its Securities designated as the “3.950% Senior Notes due 2028”
(the “2028 Notes”) and issued $1,700,000,000 aggregate principal amount of the 2028 Notes, (iii) a series of its Securities designated as the “5.000% Senior Notes due 2037” (the “2037 Notes”) and
issued $1,250,000,000 aggregate principal amount of the 2037 Notes and (iv) a series of its Securities designated as the “5.200% Senior Notes due 2047” (the “2047 Notes”) and issued $1,250,000,000 aggregate principal
amount of the 2047 Notes, in each case pursuant to the Eleventh Supplemental Indenture, dated as of September 21, 2017, to the Base Indenture (the “Eleventh Supplemental Indenture”); 

WHEREAS, the Company has previously established a series of its Securities designated as the “2.500% Senior Notes due 2024” (the
“Sterling 2024 Notes”) and issued £400,000,000 aggregate principal amount of the Sterling 2024 Notes, pursuant to the Thirteenth Supplemental Indenture, dated as of September 21, 2017, to the Base Indenture (the
“Thirteenth Supplemental Indenture”); 
 WHEREAS, the Company has previously established (i) a series of its
Securities designated as the “3.900% Senior Notes due 2024” (the “USD 2024 Notes”) and issued $476,725,000 aggregate principal amount of the USD 2024 Notes and (ii) a series of its Securities designated as the
“3.950% Senior Notes due 2025” (the “2025 Notes”) and issued $488,512,000 aggregate principal amount of the 2025 Notes, in each case pursuant to the Fifteenth Supplemental Indenture, dated as of April 3, 2018, to the
Base Indenture (the “Fifteenth Supplemental Indenture”); 

  
 2 

 WHEREAS, the Company has previously established (i) a series of its Securities
designated as the “4.125% Senior Notes due 2029” (the “2029 Notes”) and issued $750,000,000 aggregate principal amount of the 2029 Notes and (ii) a series of its Securities designated as the “5.300% Senior Notes
due 2049” (the “2049 Notes”) and issued $750,000,000 aggregate principal amount of the 2049 Notes, in each case pursuant to the Seventeenth Supplemental Indenture, dated as of May 21, 2019, to the Base Indenture (the
“Seventeenth Supplemental Indenture”); 
 WHEREAS, the Company has previously established (i) a series of its
Securities designated as the “3.625% Senior Notes due 2030” (the “2030 Notes”) and issued $1,000,000,000 aggregate principal amount of the 2030 Notes and (ii) a series of its Securities designated as the “4.650%
Senior Notes due 2050” (the “2050 Notes”) and issued $1,000,000,000 aggregate principal amount of the 2050 Notes, in each case pursuant to the Eighteenth Supplemental Indenture, dated as of May 18, 2020, to the Base
Indenture (the “Eighteenth Supplemental Indenture”); 
 WHEREAS, the Company has previously established a series of its
Securities designated as the “4.000% Senior Notes due 2055” (the “2055 Notes” and together with the 2023 Notes, the 2028 Notes, the 2037 Notes, the 2047 Notes, the Sterling 2024 Notes, the USD 2024 Notes, the 2025 Notes,
the 2029 Notes, the 2049 Notes, the 2030 Notes and the 2050 Notes, collectively, the “Notes”) and issued $1,732,036,000 aggregate principal amount of the 2055 Notes, pursuant to the Nineteenth Supplemental Indenture, dated as of
September 21, 2020, to the Base Indenture (the “Nineteenth Supplemental Indenture” and, together with the Eleventh Supplemental Indenture, the Thirteenth Supplemental Indenture, the Fifteenth Supplemental Indenture, the
Seventeenth Supplemental Indenture and the Eighteenth Supplemental Indenture, collectively, the “Existing Supplemental Indentures”); 

WHEREAS, Section 3.04 of each of the Existing Supplemental Indentures provides that under certain circumstances certain wholly-owned
Domestic Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which such wholly-owned Domestic Subsidiaries shall guarantee payment of the Notes issued pursuant to such Existing Supplemental Indenture and shall
become a Subsidiary Guarantor for all purposes under such Existing Supplemental Indenture; and 
 WHEREAS, pursuant to Section 8.01 of
the Base Indenture, the parties hereto are authorized to execute and deliver this Supplemental Indenture to amend the Base Indenture, without the consent of any Holder. 

WITNESSETH: 
 NOW,
THEREFORE, for and in consideration of the premises contained herein, each party agrees for the benefit of each other party and for the equal and ratable benefit of the Holders of the Notes, as follows: 

  
 3 

 ARTICLE 1 

DEFINITIONS 

Section 1.01.    Capitalized terms used but not defined in this Supplemental Indenture shall have the meanings
ascribed to them in the Base Indenture. Terms defined in the preamble or recitals hereto are used herein as therein defined 

Section 1.02.    References in this Supplemental Indenture to article and section numbers shall be deemed to be
references to article and section numbers of this Supplemental Indenture unless otherwise specified. 
 ARTICLE 2 

GUARANTEE 

Section 2.01.    Agreement to Guarantee. The Subsidiary Guarantor hereby agrees, fully and unconditionally, to
guarantee payment of the Notes on the terms and subject to the conditions set forth in Section 3.04 of each of the Existing Supplemental Indentures and to be bound by (and shall be entitled to the benefits of) all other applicable provisions of
the Indenture as a Subsidiary Guarantor. 
 Section 2.02.    Termination, Release and Discharge. The
Subsidiary Guarantor’s subsidiary guarantee shall terminate and be of no further force or effect, and the Subsidiary Guarantor shall be released and discharged from all obligations in respect of such subsidiary guarantee, as and when provided
in Section 3.04 of each of the Existing Supplemental Indentures. 
 ARTICLE 3 

MISCELLANEOUS 

Section 3.01.    Ratification of Base Indenture. The Base Indenture, as supplemented by this Supplemental
Indenture, is in all respects ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the extent herein and therein provided. 

Section 3.02.    Trust Indenture Act Controls. If any provision hereof limits, qualifies or conflicts with the
duties imposed by Section 310 through Section 317 of the Trust Indenture Act of 1939, the imposed duties shall control. 

Section 3.03.    Conflict with Indenture. To the extent not expressly amended or modified by this Supplemental
Indenture, the Base Indenture shall remain in full force and effect. If any provision of this Supplemental Indenture relating to the Notes is inconsistent with any provision of the Base Indenture, the provision of this Supplemental Indenture shall
control. 

  
 4 

 Section 3.04.    Governing Law. THIS SUPPLEMENTAL INDENTURE
AND THE NOTES SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE, EXCEPT AS MAY OTHERWISE BE REQUIRED BY MANDATORY PROVISIONS OF LAW. 

Section 3.05.    Successors. All agreements of the Company, the Parent Guarantor and the Subsidiary Guarantor
in the Base Indenture, this Supplemental Indenture and the Notes shall bind their respective successors. All agreements of the Trustee in the Base Indenture and this Supplemental Indenture shall bind its successors. 

Section 3.06.    Counterparts. This instrument may be executed in any number of counterparts, each of which so
executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all
purposes. Electronic signatures believed by the Trustee to comply with the ESIGN Act of 2000 or other applicable law (including electronic images of handwritten signatures and digital signature provided by DocuSign, Orbit, Adobe Sign or any other
digital signature provider acceptable to Trustee) shall also be deemed original signatures for all purposes hereunder. Any communication or documents sent to the Trustee hereunder must be in the form of a document that is signed manually or by way
of a digital signature provided by DocuSign (or such other digital signature provider as specified in writing to the Trustee by the authorized representative of the Company). Notwithstanding the foregoing, Trustee may in any instance and in its sole
discretion require that an original document bearing a manual signature be delivered to Trustee in lieu of, or in addition to, any such electronic method. The Company agrees to assume all risks arising out of the use of using digital signatures and
electronic methods to submit communications to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties. 

Section 3.07.    Trustee Disclaimer. The Trustee makes no representation as to the validity or sufficiency of
this Supplemental Indenture other than as to the validity of its execution and delivery by the Trustee. The recitals and statements herein are deemed to be those of the Company, the Parent Guarantor and the Subsidiary Guarantor and not the Trustee.

 [Signature Pages Follow] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused the Supplemental Indenture to be duly
executed as of the day and year first above written. 
  

			
	DISCOVERY COMMUNICATIONS, LLC
		
	By:	 	 /s/ Fraser Woodford

		 	Name: Fraser Woodford
		 	 Title:   Executive Vice President, Treasury

            and Corporate Finance

	
	WARNER BROS. DISCOVERY, INC.
		
	By:	 	 /s/ Fraser Woodford

		 	Name: Fraser Woodford
		 	 Title:   Executive Vice President, Treasury

            and Corporate Finance

 [Signature Page to Twentieth Supplemental Indenture] 

 
			
	MAGALLANES, INC.
		
	By:	 	 /s/ Fraser Woodford

		 	Name: Fraser Woodford
		 	 Title:   Executive Vice President, Treasury

            and Corporate Finance

 [Signature Page to Twentieth Supplemental Indenture] 

 
			
	U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, Trustee
		
	By:	 	 Karen R. Beard

		 	Name: Karen R. Beard
		 	Title: Vice President

 [Signature Page to Twentieth Supplemental Indenture]

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