Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 332

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 332
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 of such Tax Return, such Tax Return shall be filed as prepared by the Controlling Party (revised to
reflect all initially disputed matters that the parties have agreed upon prior to such date) and (ii) in the event that the resolution of the disputed matters is inconsistent with such Tax Return as filed, such Tax Return shall be amended to
properly reflect the resolution of the disputed matters and proper adjustment shall be made to any amounts previously paid or required to be paid in accordance with this Agreement in a manner that reflects such resolution.

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(b) . The Controlling Party shall prepare, or cause to be prepared, any
Tax Return described in in a manner consistent with past practices, methods, conventions, principles, positions or elections used in preparing similar Tax Returns to the extent that such Tax Return reflects
information that could reasonably be expected to impact the Tax liability of the Non-Controlling Party under this Agreement, except to the extent that taking such position would be contrary to applicable Tax
Law or with the prior written consent of the Non-Controlling Party (such consent not to be unreasonably withheld, conditioned or delayed).

(c) . The Company shall have the sole discretion of filing any Tax Return
on a consolidated, combined, or unitary basis, if such Tax Return would include at least one member of each Group and the filing of such Tax Return is elective under applicable Tax Law. SpinCo will elect and join, and will cause its respective
Affiliates to elect and join, in filing any Combined Returns that the Company determines are required to be filed or that the Company elects to file, in each case pursuant to this .

(d) . SpinCo hereby agrees that, except as otherwise required by applicable Tax Law, any available
elections to waive the right to claim in any Pre-Distribution Period with respect to any Tax Return any SpinCo Carryback arising in a Post-Distribution Period shall be made, and no affirmative election shall
be made to claim any such SpinCo Carryback. In the event that SpinCo (or the applicable member of the SpinCo Group) is prohibited by applicable Law from waiving or otherwise forgoing a SpinCo Carryback, the Company shall pay over to SpinCo any Tax
Benefit that the Company Group realizes with respect to any such SpinCo Carryback, determined in accordance with and . In the event that SpinCo (or the appropriate member of the SpinCo Group) is prohibited by
applicable Law from waiving or otherwise forgoing a SpinCo