Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 174

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 174
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 any of the
members of its Group as of the Distribution Effective Time that are expressly provided by this Agreement or any Ancillary Agreement as Assets to be transferred to SpinCo or any other member of the SpinCo Group;

(iii) all SpinCo Contracts as of the Distribution Effective Time and all rights, interests or claims of either Party or any of
the members of its Group thereunder as of the Distribution Effective Time;

25

(iv) all SpinCo Intellectual Property as of the Distribution Effective Time
and all rights, interests or claims of either Party or any of the members of its Group thereunder as of the Distribution Effective Time;

(v) the SpinCo IT Assets as of the Distribution Effective Time and all rights, interests or claims of either Party or any of
the members of its Group thereunder as of the Distribution Effective Time;

(vi) all SpinCo Permits as of the Distribution
Effective Time and all rights, interests or claims of either Party or any of the members of its Group thereunder as of the Distribution Effective Time;

(vii) all rights and interests in and to bank accounts used or held for use primarily in the SpinCo Business, including any
cash and cash equivalents held therein as of the Distribution Effective Time;

(viii) all SpinCo Real Property as of the
Distribution Effective Time;

(ix) all rights, interests and claims of either Party or any of the members of its Group as
of the Distribution Effective Time with respect to Information that is primarily related to the SpinCo Assets, the SpinCo Liabilities, the SpinCo Business or the Transferred Entities and, subject to the provisions of the applicable Ancillary
Agreements, a non-exclusive right to all Information that is related to, but not primarily related to, the SpinCo Assets, the SpinCo Liabilities, the SpinCo Business or the Transferred Entities;

(x) all fixtures, machinery, equipment and furniture of either Party or any of the members of its Group located on SpinCo Real
Property;

(xi) all rights and interests in and to the SpinCo Policies;

(xii) all Assets set forth on ; and

(xiii) to the extent not already identified in clauses (i) through (xii) of this
or clauses (i) through (xii) of , all Assets of either Party or any of the members of its Group as of the Distribution Effective Time that are primarily used or primarily held for use in the SpinCo
Business.

(b) Company Assets. For the purposes of this Agreement, “