Paramount Global Bonus Deferral Plan for Designated Senior Executives - Part A (as amended and restated as of October 1, 2021) (incorporated by reference to Exhibit 10(e) to the Quarterly Report on Form 10-Q of ViacomCBS Inc. for the quarter ended September 30, 2021) (File No. 00109553) (as amended by Amendment No. 1, effective as of February 16, 2022) (incorporated by reference to Exhibit 4.10 to the Registration Statement on Form S8 of Paramount Global filed October 7, 2022) (File No. 00109553)

The following clarifications shall be made to the amended and restated Paramount Global (fka ViacomCBS) Excess 401(k) Plan for Designated Senior Executives Part B (2021 Restatement), effective as of January 1, 2021, unless otherwise noted herein:

1.Section 4 of the Plan is amended by:

(a)Replacing the word ”An” at the beginning thereof with the phrase “For calendar years prior to January 1, 2021, an”.

(b)Adding the following new paragraph at the end thereof:

For calendar years beginning on and after January 1, 2021 an Employer Match will be credited each payroll period to a Participant’s Account with respect to the Eligible Salary Reduction Contributions to which an employer Match has not previously been credited. The rate of Employer Match shall be 3.5% on the first 6% of Eligible Salary Reduction Contributions and the Employer Match shall be prorated for Eligible Salary Reduction Contributions of less than 6%. Eligible Salary Reduction Contributions in excess of 6% shall not be eligible for Employer Match and Eligible Salary Reduction Contributions on annual Compensation in excess of $500,000 shall not be eligible for Employer Match.

2.Section 5 of the Plan is amended by:

(b)Adding the following immediately after the three (3) year graded vesting schedule chart:

For each Participant who has not incurred a Separation from Service before January 1, 2021, a Participant’s Employer Match (and earnings and losses thereon) will become vested according to the following schedule:

For any Participant who had a higher Vesting % under the prior vesting schedule, his or her Vesting % for the purpose of Employer Match shall not be reduced by the adoption of this new schedule.

IN WITNESS WHEREOF, pursuant to a resolution of the Paramount Global Retirement Committee, the undersigned hereby executes this amendment this 21st day of December, 2022.