Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 337

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 337
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 means Debevoise & Plimpton LLP, Ernst & Young LLP, KPMG LLP or another law firm or
accounting firm, in each case of nationally recognized standing.

“” means a net operating loss, net
capital loss, unused investment credit, unused foreign Tax credit (including credits of a foreign company under Section 902 of the Code), excess charitable contribution, general business credit, research and development credit, earnings and
profits, basis, or any other Tax Item that could reduce a Tax or create a Tax Benefit.

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“” means, with respect to any Tax, the Governmental Entity
or political subdivision thereof that imposes such Tax, and the agency (if any) charged with the collection of such Tax for such entity or subdivision.

“” means a reduction in the Tax liability (or increase in a Tax Refund) of a Party (or any of its Subsidiaries)
for any Tax Period arising from a net operating loss, credit, adjustment to tax basis or similar item that is utilized or realized in accordance with of this Agreement.

“” means an audit, review, examination, contest, litigation, investigation or any other administrative or
judicial proceeding with the purpose or effect of redetermining Taxes (including any administrative or judicial review of any claim for refund).

“” means any item of income, gain, loss, deduction, credit, recapture of credit or any similar item which increases
or decreases Taxes paid or payable, including an adjustment under Section 481 of the Code resulting from a change in accounting method.

“” means the Law of any Governmental Entity or political subdivision thereof relating to any Tax.

“” means an opinion of a Tax Advisor relevant to any aspect of the transactions described in this Agreement or
any subsequent transactions relating thereto.

“” means, with respect to any Tax, the period for which the
Tax is reported as provided under the Code or other applicable Tax Law.

“” means any (i) Tax Returns,
(ii) Tax Return workpapers, (iii) documentation relating to any Tax Contests, and (iv) any other books of account or records (whether or not in written, electronic or other tangible or intangible forms and whether or not stored on
electronic or any other medium) required to be maintained under the Code or other applicable Tax Laws or under any record retention agreement with any Tax Authority, in each case filed with respect to or otherwise relating to Taxes.

“” means a refund of Taxes previously paid and any over