Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 326

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 326
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 any item of income, gain, loss, deduction, credit, recapture of credit or any similar item which increases
or decreases Taxes paid or payable, including an adjustment under Section 481 of the Code resulting from a change in accounting method.

“” means the Law of any Governmental Entity or political subdivision thereof relating to any Tax.

“” means an opinion of a Tax Advisor relevant to any aspect of the transactions described in this Agreement or
any subsequent transactions relating thereto.

“” means, with respect to any Tax, the period for which the
Tax is reported as provided under the Code or other applicable Tax Law.

“” means any (i) Tax Returns,
(ii) Tax Return workpapers, (iii) documentation relating to any Tax Contests, and (iv) any other books of account or records (whether or not in written, electronic or other tangible or intangible forms and whether or not stored on
electronic or any other medium) required to be maintained under the Code or other applicable Tax Laws or under any record retention agreement with any Tax Authority, in each case filed with respect to or otherwise relating to Taxes.

“” means a refund of Taxes previously paid and any overpayment interest within the meaning of Section 6611
of the Code or any similar provision under applicable Tax Law (whether paid by way of a refund or credited against any liability for related Taxes).

“” or “” means any report of Taxes due, any claim for refund of Taxes paid, any
information return with respect to Taxes, any documentation with respect to transfer pricing or any other similar report, statement, declaration, or document filed or required to be filed under the Code or other Tax Law with respect to Taxes,
including any attachments, exhibits, or other materials submitted with any of the foregoing, and including any amendments or supplements to any of the foregoing.

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“” means any or all of the Contribution, the Distribution and
the Debt-for-Debt Exchange.

“” means all sales, use, value added, goods and services, privilege, transfer (including real property transfer), turnover, intangible, recordation, registration, documentary, stamp, customs duty or similar Taxes attributable to or
arising as a result of the Transactions or the Internal Restructuring (including any such taxes attributable to or arising as a result of the transfer of any asset or the assumption of any liability pursuant to
, or of the Separation Agreement, but excluding any such taxes the payment or reimbursement of which is expressly addressed by