Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 185

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 185
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ance, assignment, delivery and succession of all
of such Party’s and the applicable members of its Group’s right, title and interest in and to such Assets to the other Party and the applicable members of its Group in accordance with ,
(ii) such assumptions of contracts and other instruments of acceptance and assumption, performance, discharge and fulfillment and succession as and to the extent necessary to evidence the valid and effective assumption of the Liabilities by
such Party and the applicable members of its Group in accordance with and (iii) any other documents, instruments or contracts that are necessary to effect any other components of the Internal
Restructuring. All of the foregoing documents contemplated by this shall be referred to collectively herein as the “.”

(d) Misallocations. In the event that at any time or from time to time (whether prior to, at or after the Distribution
Effective Time), one Party (or any member of such Party’s Group) shall receive or otherwise possess any Asset (including any payments, accounts receivable or other earnings or proceeds received with respect to such Asset) that is allocated to
the other Party (or any member of such other Party’s Group) pursuant to this Agreement or any Ancillary Agreement, such Party shall promptly transfer, or cause to be transferred, such Asset (including any payments, accounts

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receivable or other earnings or proceeds received with respect to such Asset) to the Party (or to any member of such Party’s Group) so entitled thereto, and such Party (or member of such
Party’s Group) shall accept such Asset. Prior to any such transfer, the Person receiving or possessing such Asset shall hold such Asset in trust for such other Person. In the event that at any time or from time to time (whether prior to, at or
after the Distribution Effective Time), either Party (or any member of such Party’s Group) shall receive or otherwise assume any Liability that is allocated to the other Party (or any member of such Party’s Group) pursuant to this
Agreement or any Ancillary Agreement, such Party shall promptly transfer, or cause to be transferred, such Liability to the Party responsible therefor (or to any member of such Party’s Group), and such Party (or member of such Party’s
Group) shall accept, assume and agree to faithfully perform such Liability. Any Asset or Liability that is transferred under this shall be treated as having been transferred or assumed at the time in which it
was intended to have been so transferred or assumed as provided in this Agreement (