Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 319

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 319
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 other Party (and its Affiliates) from the Legal Identity of such Party (and those of its Affiliates). In the event either Party is unable to cause the change of the Legal Identity of such Party (or any of its Affiliates) as required by this Section 2.01(d)(iii)prior to the expiration of the Legal Identity Transition Period, even after having used reasonable best efforts to effect such change of Legal Identity, such Party may request, and the other Party shall consider in good faith whether to grant, any additional extension period. (e) No Content License. For clarity, no license to Content or Content IP is granted by either Party to the other Party pursuant to this Agreement. Licenses to Content and Content IP shall be only as set forth in the Transition Services Agreement, a Commercial Agreement or as otherwise may be agreed by the Parties. 8

Section 2.02 . The licenses granted in
may be sublicensed as follows:

(a) Licensee may grant sublicenses (through multiple tiers) of the
Patent License to its Affiliates and any other entity in which Licensee or its Affiliates holds at least a [40%] equity ownership interest.

(b) Licensee may grant sublicenses (through multiple tiers) of the Shared IP License to any other Person.

(c) Licensee may grant sublicenses (through multiple tiers) of the Software License to any other Person.

Section 2.03 .

Except as expressly provided herein, this Agreement does not grant or otherwise convey to any Party a license or any other right under or to
any Intellectual Property or Software owned by any Third Party, and each Party acknowledges that it must have an appropriate license or other grant of rights from the Third Party owner (or its permitted licensee) to use or otherwise exploit such
Intellectual Property and Software.

Section 2.04 . Except as expressly provided in this Agreement,
the Transition Services Agreement (including, for the avoidance of doubt, the schedules thereto) or another written agreement between the Parties, as between the Company and its Affiliates, on the one hand, and SpinCo and its Affiliates, on the
other hand, ownership of any Improvements made after the Effective Date with respect to any Intellectual Property or Software owned by a Party or licensed thereto pursuant to this Agreement shall vest with the Party or its Affiliates that developed
such Improvement, and neither Party or its Affiliates shall have any obligation to disclose or otherwise provide any Improvement made