Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 340

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 340
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 any of the Transactions to qualify for the Intended U.S. Tax Treatment described in clause (a) of the definition thereof that would not have arisen but for a SpinCo Tainting Act, that a Company Tainting
Act has not occurred prior to such SpinCo Tainting Act.

Section 2.03 . The Company shall be
allocated all Transfer Taxes.

Section 2.04 . shall be deemed
incorporated by reference as if fully set forth herein.

Section 2.05 . Except as
otherwise required by applicable Law, (i) solely the member of the Group by which the relevant individual is employed at the time of the vesting, exercise, disqualifying disposition, payment or other relevant taxable event that fixes the timing
of the applicable Income Tax deduction in respect of any equity awards and other incentive compensation (including restricted stock units) other than options, or, if such individual is not employed

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at such time by a member of the Group, solely the member of the Group for which the individual was most recently employed, shall be entitled to claim any such Income Tax deduction associated with
such event in respect of such equity awards and other incentive compensation on its respective Tax Return and (ii) in the case of any options, solely the member of the Group by which the relevant individual is employed 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