Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 329

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 329
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 over the course of the
vesting period with respect to such options shall be entitled to claim any such Income Tax deduction associated with such event in respect of such options on its respective Tax Return.

Section 2.06 . If any Person becomes a Subsidiary of any member of the SpinCo Group in any transaction after
the Distribution (and such Person was not a member of the SpinCo Group or the Company Group prior to such transaction) (a “”), then any Taxes of such SpinCo Acquired Subsidiary for any Tax Period (or
portion thereof) ending on or prior to the date of such transaction shall be allocated to SpinCo. If any Person becomes a Subsidiary of any member of the Company Group in any transaction after the Distribution (and such Person was not a member of
the SpinCo Group or the Company Group prior to such transaction) (a “”), then any Taxes of such Company Acquired Subsidiary for any Tax Period (or portion thereof) ending on or prior to the date of such
transaction shall be allocated to the Company.

Section 2.07 .

(a) SpinCo shall provide the Company with a proposed determination of the “Aggregate Deemed Asset Disposition Price” and the
“Adjusted Grossed-Up Basis” (each as defined under applicable Treasury Regulations) and the allocation of such Aggregate Deemed Asset Disposition Price and Adjusted
Grossed-Up Basis among the SpinCo Assets in accordance with the applicable provisions of Section 336(e) of the Code and applicable Treasury Regulations (the “”). SpinCo shall deliver an initial draft of such Section 336(e) Allocation Statement, together with supporting workpapers, to the Company no later than one hundred twenty (120) days after the Distribution
Effective Time for the Company’s review and comment. The Company shall have sixty (60) days from its receipt of such draft to review and provide SpinCo any comments with respect thereto. SpinCo and the Company shall cooperate in good
faith to resolve any disputes relating to the Section 336(e) Allocation Statement. If SpinCo and the Company are unable to resolve any such dispute through good faith negotiations, the disputed matters shall be resolved in accordance with
.

(b) If the Merger is consummated, the Company and SpinCo shall file all Tax Returns (including but
not limited to IRS Form 8883 and any supplemental or amended IRS Form 8883, if applicable) consistent with the final Section 336(e) Allocation Statement unless