Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 306

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 306
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 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. (i) Except as permitted pursuant to a Commerical Agreement or as otherwise agreed by the Parties, within one hundred and eighty (180) days of the Effective Date (the “ Transition Period”), each Party (and its Affiliates) shall remove and otherwise cease use of all Trademarks owned by the other Party (or its Affiliates), including on signage, vehicles, facilities, business cards, stationery, promotional materials, websites and social media handles; provided that, to the extent that it is not commercially reasonable to complete such removal or cessation with such one hundred and eighty (180) day period, the Parties shall discuss in good faith and extend such period as commercially reasonable, provided that such extension shall not exceed an additional one hundred and eighty (180) days. Without limiting the foregoing, any residual use by a Party (and its Affiliates) of Trademarks of the other Party (or its Affiliates) during the Transition Period must be in a form and manner consistent with use by such Party (and its Affiliates) prior to the Effective Date. For the avoidance of doubt, the foregoing shall not require a Party (or its Affiliates) to change any internal records bearing Trademarks of the other Party (or its Affiliates) that were created prior to the Effective Date or prevent such