Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 317

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 317
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 Warner Bros. International Television Production Limited.

“” means any Person, other than the
Company, the Company’s Affiliates, SpinCo and SpinCo’s Affiliates.

“” has the
meaning set forth in the definition of “.”

“” has the meaning set
forth in the definition of “.”

“” has the meaning set forth
in .

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

ARTICLE II

INTELLECTUAL PROPERTY LICENSES

Section 2.01 .

(a) . Licensor hereby grants to Licensee a perpetual, irrevocable, non-exclusive,
royalty-free, fully paid-up, right and license under all Licensed Patents to make, have made, use, have used, sell, have sold, offer to sell, have offered to sell, import, have imported, export, have exported,
and otherwise exploit any product or service, each of which rights may be exercised by Licensee, and on Licensee’s behalf by Licensee’s authorized agents, end users, officers, directors, employees, distributors, resellers, contractors,
subcontractors, suppliers and original equipment manufacturers (the “”).

(b)
Licensor hereby grants to Licensee a worldwide, perpetual, irrevocable, non-exclusive, royalty-free, fully paid-up, right and license under all Shared IP owned or
Licensable by Licensor to copy, use, modify, reproduce, display, perform, make Improvements of or to, and otherwise exploit such Shared IP, each of which rights may be exercised by Licensee, and on Licensee’s behalf by Licensee’s
authorized agents, end users, officers, directors, employees, distributors, resellers, contractors, subcontractors, suppliers and original equipment manufacturers (the “”).

(c) . Licensor hereby grants to Licensee a worldwide, perpetual, irrevocable,
non-exclusive, royalty-free, fully paid-up, right and license under all Intellectual Property (other than Trademarks and Content IP) owned or Licensable by Licensor to
copy, use, modify, reproduce, display, perform, make Improvements of or to, and otherwise exploit such Shared Software, each of which rights may be exercised by Licensee, and on Licensee’s behalf by Licensee’s authorized agents, end
users, officers, directors, employees, distributors, resellers, contractors, subcontractors, suppliers and original equipment manufacturers (the “”).

7

(d) Trademarks.