Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 308

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 308
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(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 by or on behalf of such Party or its Affiliates to the other Party or its Affiliates.

ARTICLE III

TREATMENT OF BOLT AND OTHER CLONED SOFTWARE

Section 3.01 .

(a) The Parties acknowledge and agree that, pursuant to the Transition Services Agreement, the Company will create a second instance of the
Bolt Platform that will be referred to as the Bolt Prime Platform through implementation of an “Off-boarding and Knowledge Transfer” process described in more detail in rTSA Sub-Schedule ST-R02 of the Transition Services Agreement (“”).

(b) For the avoidance of doubt, the Parties acknowledge and agree that: (i) with respect to any Software of the Bolt Platform that may be
owned by SpinCo or its Affiliates, such Software constitutes Shared Software and is included in the Software License granted to the Company, and (ii) with respect to any Software of the Bolt Prime Platform that may be owned by the Company or
its Affiliates (including any new features developed pursuant to Transition Services Agreement that are included in the Bolt Prime Platform as contemplated in rTSA Sub-Schedule ST-R02 thereof), such Software
of the Bolt Prime Platform constitutes Shared Software and is included in the Software License granted to SpinCo.

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(c) For the further avoidance of