Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 158

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 158
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 is a partnership, its certificate of
partnership and partnership agreement, or comparable documents, (iii) with respect to any Person that is a limited liability company, its certificate of formation and limited liability company or operating agreement, or comparable documents,
(iv) with respect to any Person that is a trust or other entity, its declaration or agreement of trust or other constituent document or comparable documents and (v) with respect to any other Person that is not an individual, its comparable
organizational documents.

“” has the meaning set forth in the definition of “.”

“” means the Pension Benefit Guaranty Corporation.

“” means $23.25, , that, if the Company has given notice of a Specified Amount
Reduction pursuant to the Separation and Distribution Agreement, then the Per Share Cash Amount shall be reduced by the Per Share Cash Amount Reduction.

“” means an amount equal to (a) the Specified Amount Reduction multiplied by
(b) the Cash Consideration Percentage divided by (c) the Effective Time FD Share Count.

“”
means any individual, corporation (including not-for-profit), general or limited partnership, limited liability company, joint venture, estate, trust, association,
organization, Governmental Entity or other entity of any kind or nature.

Annex A-13

“” means, with respect to a Party, any data or information
in any media that can reasonably be used to identify a particular individual or device, including any data or other information that constitutes “personal information,” “personal identifying information” or analogous term
under any applicable Law.

“” means the Retained Entities (after giving effect to the
Separation).

“” means any action, cause of action, claim, charge, demand, litigation, suit, investigation,
grievance, citation, summons, subpoena, inquiry, audit, hearing, originating application to a tribunal, arbitration or other similar proceeding of any nature, civil, criminal, regulatory, administrative or otherwise, whether in equity or at law, in
contract, in tort or otherwise.

“” means the joint proxy statement/prospectus to be filed with the SEC
as part of the Registration Statement.

“” means issued by, registered with, or the subject of a pending
application for issuance or registration before, any Governmental Entity.

“” means Company Owned
IP that is Registered.

“” means, with respect to any Person, any director, officer, principal, partner,
manager, member (if such Person is a member-managed limited