Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 351

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 351
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 cooperate and shall jointly control such Tax Contest. In the event of any
disagreement regarding such Tax Contest, the provisions of shall apply (without regard to the limitation set forth in that such Section is limited to computational matters).

(d) . Each member of the SpinCo Group shall execute and deliver to the Company (or such member of the Company
Group as the Company shall designate) any power of attorney or other similar document reasonably requested by the Company (or such designee) in connection with any Tax Contest (as to which the

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Company is the Controlling Party) described in this . Each member of the Company Group shall execute and deliver to SpinCo (or such member of the SpinCo Group
as SpinCo shall designate) any power of attorney or other similar document requested by SpinCo (or such designee) in connection with any Tax Contest (as to which SpinCo is the Controlling Party) described in this .

Section 10. . Except as expressly set forth in this Agreement or the Separation Agreement, this Agreement shall
become effective upon the consummation of the Distribution.

Section 11. . The representations,
warranties, covenants and agreements set forth in this Agreement shall be unconditional and absolute and shall remain in effect without limitation as to time.

Section 12. . The tax characterization of payments made hereunder shall be determined under the
principles of Section 5.2 of the Separation Agreement.

Section 13. . In the event that the Company and
SpinCo are unable to resolve a disagreement under this Agreement involving computational matters (or, if a disagreement involves both computational and non-computational matters, the portion of the
disagreement relating to computational matters, so long as such portion can reasonably be separated from the other matters in dispute) (a “”), the Reconciliation Dispute shall be submitted for determination
to a nationally recognized expert in the area of disagreement (the “”) mutually acceptable to both parties cooperating in good faith. The Independent Expert shall be a partner in a nationally recognized
accounting firm or a law firm, and the Independent Expert shall not, and the firm that employs the Independent Expert shall not, have any material relationship with the Company or SpinCo or any other actual or potential conflict of interest. If the
parties are unable to agree on an Independent Expert within fifteen (15) days of receipt by the respondent(s) of written notice of a Reconciliation Dispute, the Independent Expert shall be appointed in the same