Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 173

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 173
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, disks, diskettes, tapes, computer programs or other Software, marketing plans, customer names and records, vendor names and records, customer and vendor lists,
customer and vendor data or correspondence, communications by or to attorneys (including attorney-client privileged communications), memos and other materials prepared by attorneys or under their direction (including attorney work product), and
other technical, financial, employee or business information or data, files, papers, tapes, keys, correspondence, plans, invoices, forms, product data and literature, promotional and advertising materials, technical data, operating manuals,
instructional documents, quality records and regulatory and compliance records; provided, that the term “Information” refers to the tangible form of such Information and not to any Intellectual Property rights embodied therein.

“” shall mean the information statement of SpinCo, included as an exhibit to the Form 10, to be sent
or otherwise made available to the Record Holders in connection with the Distribution, as such information statement may be amended or supplemented from time to time prior to the Distribution.

“” means Software, computer systems (including computers, screens, servers, middleware, workstations,
routers, hubs, switches, networks, data communications lines and hardware), network and telecommunications systems hardware and other information technology equipment, and all associated documentation; provided, that the term “Information
Technology” refers to the tangible form of such Information Technology and not to any Intellectual Property rights embodied therein.

13

“” shall mean insurance policies and insurance
contracts of any kind, including primary, excess and umbrella policies, commercial general liability policies, directors’ and officers’ liability policies, fiduciary liability policies, automobile policies, aircraft policies, property
and casualty policies, workers’ compensation policies, employer’s liability policies, employment practices liability policies, cyber liability policies, crime policies, in each case together with the rights, benefits and privileges
thereunder.

“” shall mean those monies:

(a) received by an insured from an insurance carrier; or

(b) paid by an insurance carrier on behalf of the insured;

in any such case net of any applicable premium adjustments (including reserves and retrospectively rated premium adjustments) and net of any costs or expenses
incurred in the collection thereof; , , that with respect to a captive insurance arrangement, Insurance Proceeds shall consist only of amounts received by the captive insurer as claim reimbursement under any reinsurance
arrangement.

“” means, collectively, all U.S. and foreign intellectual property rights, whether
registered or unregistered, and whether