Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 349

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 349
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.

(b) . If any member of the SpinCo Group is required to
make a payment to a Tax Authority for Taxes allocated to the Company under this Agreement, SpinCo shall promptly notify the Company and provide a Payment Notice to the Company setting forth the amount to be reimbursed by the Company, which the
Company shall pay to SpinCo in accordance with . SpinCo shall, promptly following the payment of any Taxes described in this to the relevant Tax Authority, provide
to the Company evidence of such payment and a statement detailing the Taxes paid.

(c) . The Company agrees to
indemnify and hold harmless each member of the SpinCo Group from and against any and all (without duplication) (i) Taxes allocated to, and payments required to be made by, the Company pursuant to , and
(ii) reasonable out-of-pocket legal, accounting and other advisory and court fees and expenses incurred in connection with the items described in clause (i) of
this .

(d) . SpinCo agrees to indemnify and hold harmless each member of
the Company Group from and against any and all (without duplication) (i) Taxes allocated to, and payments required to be made by, SpinCo pursuant to , and (ii) reasonable out-of-pocket legal, accounting and other advisory and court fees and expenses incurred in connection with the items described in clause (i) of this .

(e) . Any payments required to be made by the Company to SpinCo (or any member
of the SpinCo Group), or by SpinCo to the Company (or any member of the Company Group), as the case may be, pursuant to this shall be made on an After-Tax Basis.

23

Section 4.03 .

(a) . Tax Refunds described in shall be allocated between the Company and SpinCo in the
proportions set forth in . Except as provided in the immediately preceding sentence, and subject to the limitations in , the Company shall be entitled to any Tax Refund (and any interest thereon
received from the applicable Tax Authority) with respect to Taxes for which the Company is liable hereunder, and SpinCo shall be entitled to any Tax Refund (and any interest thereon received from the applicable Tax Authority) with respect to Taxes
for which SpinCo is liable hereunder.

(b) . If a member of the Company Group receives a Tax
Refund with respect to Taxes for which SpinCo is liable hereunder, the Company shall promptly notify SpinCo and provide a Payment Notice to SpinCo setting