Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 362

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 362
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 which the Non-Controlling Party may be liable pursuant to this Agreement, (i) the Non-Controlling Party shall be entitled to participate in such Tax
Contest at its expense, insofar as the liabilities of the Non-Controlling Party are concerned, (ii) the Controlling Party shall keep the Non-Controlling Party
updated and informed, and shall consult with the Non-Controlling Party, insofar as the liabilities of the Non-Controlling Party are concerned, (iii) the Controlling
Party shall act in good faith with a view to the merits in connection with such Tax Contest, and (iv) the Controlling Party shall not settle or compromise such Tax Contest if the Non-Controlling Party
would be liable pursuant to this Agreement without the Non-Controlling Party’s prior written consent, which consent shall not be unreasonably withheld or delayed.

(c) . In the case of any Tax Contest for any SpinCo Combined Return that includes Taxes that relate to
both a Pre-Distribution Period and Post-Distribution Period, the Parties shall use their reasonable efforts to cause such Tax Contest to be severed into separate Tax Contests, each relating solely to a Pre-Distribution Period and Post-Distribution Period, as applicable. If such Tax Contest is not so severable, then the Parties shall 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