Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 320

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 320
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 the meaning set forth in the Separation
Agreement.

“” means, with respect to any Production Incentive, the legal entity that is entitled (taking into
account any contractual or similar arrangements) to the benefits of, and bears the burdens of, the applicable production that gave rise to the Production Incentive.

“” means the U.S. Internal Revenue Service or any successor agency.

“” has the meaning set forth in of this Agreement.

“” has the meaning set forth in the Separation Agreement.

“” has the meaning set forth in the Separation Agreement.

“” has the meaning set forth in the Separation Agreement.

“” has the meaning set forth in the Separation Agreement.

“” means (i) with respect to any Combined Return or
Separate Return, the Party that is not responsible for the preparation and filing of the Combined Return or Separate Return, as applicable, pursuant to and (ii) with respect to any Tax Contest, the Party that
does not control such Tax Contest pursuant to

“” has the
meaning set forth in of this Agreement.

“” and
“” have the meaning set forth in the preamble to this Agreement.

“” means
(i) with respect to any U.S. federal income tax return, the due date for any required installment of estimated taxes determined under Section 6655 of the Code, the due date (determined without regard to extensions) for filing the return
determined under Section 6072 of the Code, and the date the return is filed and (ii) with respect to any other Tax Return, the corresponding dates determined under the applicable Tax Law.

“” has the meaning set forth in of this Agreement.

“” means, with respect to any Payment Notice delivered under this Agreement, the date that falls
ten (10) Business Days after the date on which such Payment Notice is delivered to the recipient.

7

“” means, with respect to any Payment
Notice delivered under this Agreement, the last day of the month in which the day after the Payment Notice Review Date with respect to such Payment Notice falls.

“” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization or a Governmental Entity or any department, agency or political subdivision thereof, without regard to whether any entity is treated as disregarded for U.S. federal income tax
purposes.

“” shall mean the model