Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 175

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 175
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” shall mean
all Assets of either Party or the members of its Group as of the Distribution Effective Time, other than the SpinCo Assets, it being understood that the Company Assets shall include:

(i) all issued and outstanding capital stock or other equity interests of each member of the Company Group that are owned by
either Party or any members of its Group as of the Distribution Effective Time;

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(ii) all Assets of either Party or 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 the Company or any other member of the Company Group;

(iii) all Company 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;

(iv) all Company 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 Company 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 Company 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 Company Business, including any
cash and cash equivalents held therein as of the Distribution Effective Time;

(viii) all Company 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 Company Assets, the Company Liabilities, the Company Business or the entities that are members of the Company Group 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 Company Assets, the Company Liabilities, the Company Business or the entities
that are members of the Company Group;

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

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

(xii) all Assets set forth on ;