Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 169

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 169
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 Property set forth on , primarily used or primarily held for use in the Company
Business as of the Distribution Effective Time, (b) the Real Property Leases to which either Party or any member of its Group is

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party as of immediately prior to the Distribution Effective Time (x) set forth on or (y) other than the Real Property Leases set forth on ,
primarily used or primarily held for use in the Company Business as of the Distribution Effective Time (“”) and (c) all recorded Real Property notices, easements and obligations with respect to the Real Property
and/or Real Property Leases described in clauses (a) and (b) of this paragraph.

“” shall mean the
shares of common stock, par value $0.01 per share, of the Company.

“” means television shows, movies, video
games, music and other audiovisual, visual or audio content intended for broadcast, streaming or other transmission to an audience.

“” means Copyrights and other Intellectual Property rights (excluding Trademarks) in Content.

“” shall have the meaning set forth in the Recitals.

“” shall have the meaning set forth in the definition of Intellectual Property.

“” shall mean all customary actions by SpinCo and its Subsidiaries and representatives that are
reasonably requested by the Company to assist with respect to the consummation of the Debt-for-Debt Exchange and any transactions in connection therewith, including:
(i) participating in meetings, presentations and due diligence sessions, (ii) assisting with the preparation of materials for presentations, memoranda and similar documents required in connection with any such transactions,
(iii) providing any financial information (including in a form that is compliant with applicable SEC rules) and other information about SpinCo and its Subsidiaries reasonably requested by the Company, including with respect to the preparation
of pro forma financial statements, provided that SpinCo shall not be required to prepare or provide any financial statements or other information that is not otherwise prepared by SpinCo in the ordinary course, (iv) authorizing and directing
SpinCo’s auditors to provide customary cooperation, including participating in due diligence sessions, providing their consent to the inclusion of their audit reports in the offering documents and delivering customary comfort letters
(including “negative assurance” and change period comfort) and authorization letters, in connection with any such transactions and (v) providing customary certificates of the chief financial officer of SpinCo or similar certificates
with respect to certain financial information in the offering documents to the