Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 356

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 356
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 the consummation of the Merger.

Section 7. .

Section 7.01 .

(a) Without limiting any of the Parties’ obligations under the Merger Agreement, the Separation Agreement or any Ancillary Agreement,
the Parties shall reasonably cooperate and assist (and cause their respective Affiliates to reasonably cooperate) each other, in connection with Tax matters relating to the Parties and their Affiliates including, among other things,
(i) preparation and filing of Tax Returns, (ii) Tax Contests, (iii) determining the amount of any Tax liabilities owed under this Agreement, (iv) obtaining a Tax Opinion or, at the Company’s discretion, an IRS Ruling with
respect to the Distribution or any subsequent transactions (including, without limitation, by providing appropriate representations regarding discussions and negotiations prior to the Distribution with potential acquisition candidates that may be
relevant under Treasury Regulations Section 1.355-7), (v) determining the size of acquisitions as such term is used in 355(e) of the Code, in connection with the transactions contemplated by the
Separation Agreement or the Merger Agreement, (vi)

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the monetization of Production Incentives, (vii) reporting or compliance matters relating to the Pillar Two Provisions and any related country-by-country reporting or payment obligations (including mitigation of any double counting), (viii) the BBA Rules, (ix) advance pricing agreements and mutual agreement procedures relating to
transfer pricing, (x) filings related to Report of Foreign Bank and Financial Accounts and (xi) the Merger; that the Party requesting such assistance shall reimburse the other Party and its Affiliates for any reasonable and
documented out-of-pocket costs incurred by such other Party in connection with such request. Such cooperation shall include making available, upon reasonable notice and
during normal business hours, information and documents in their possession relating to any other Party and its Affiliates reasonably available to such other Party. Each of the Parties shall also make available to any other Party, as reasonably
requested and available during normal business hours, personnel (including officers, directors, employees and agents of the Parties or their respective Affiliates) responsible for preparing, maintaining, and interpreting information and documents
relevant to Taxes, and personnel reasonably required as witnesses or for purposes of providing information or documents in connection with any administrative or judicial proceedings relating to Taxes.

(b) The Company Group and SpinCo Group shall cooperate in good faith to minimize the impacts of the ATB Obligations following the