Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 330

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 330
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, and then only to the extent, otherwise required pursuant to a Final Determination.

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Section 2.08 . Each Party shall be liable for and shall pay the
Taxes allocated to it by this either to the applicable Tax Authority or to the other Party in accordance with and the other applicable provisions of this Agreement.
Notwithstanding anything in this Agreement to the contrary, a Party shall not be entitled to seek reimbursement or indemnification from the other Party for any value added or similar Taxes paid or incurred by it to the extent such Taxes are
recoverable under applicable Law.

Section 3. . Except as otherwise provided in this
, Tax Returns shall be prepared and filed when due (taking into account extensions) by the Person required to file such Tax Returns under the Code or applicable Tax Law.

Section 3.01 .

(a) The Company shall timely prepare and file, or cause to be timely prepared and filed, all Combined Returns for any Tax Period, and each
member of the SpinCo Group to which any such Combined Return relates shall execute and file such consents, elections and other documents as the Company may reasonably determine are required or appropriate in connection with the filing of such
Combined Return.

(b) The Parties and their respective Affiliates shall elect to close the Tax Period of each SpinCo Group member on the
Distribution Date to the extent permitted by applicable Tax Law. Notwithstanding anything to the contrary in this Agreement, for all applicable Tax purposes, the Parties shall report any Extraordinary Transactions that are undertaken by any member
of the SpinCo Group on the Distribution Date after the Distribution Effective Time as occurring on the day after the Distribution Date to the extent permitted by Treasury Regulations
Section 1.1502-76(b)(1)(ii)(B) or any similar or analogous provision of state, local or non-U.S. Law.

Section 3.02 . Except as otherwise provided in this :

(a) . The Company shall timely prepare and file, or cause to be timely prepared and filed, all
Company Separate Returns and any SpinCo Separate Return that solely reflects any Taxes allocated to the Company pursuant to or .

(b) . SpinCo shall timely prepare and file, or cause to be timely prepared and filed, all SpinCo
Separate Returns (other than SpinCo Separate Returns described in ).

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Section 3.03 . At the request of a Controlling Party,
the Non-Controlling Party shall provide to the Controlling Party any information about members of the Non-Controlling Party’s