Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 126

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 126
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 No Governmental Entity shall after the date of this Agreement have enacted, issued or promulgated any
Law or Governmental Order that is in effect and that restrains, enjoins or otherwise prohibits the consummation of the Merger.

(f)
. The Registration Statement shall have become effective in accordance with the provisions of the Securities Act. No stop order suspending the effectiveness of the Registration Statement shall have been issued and remain
in effect, and no Proceedings for that purpose shall have commenced or be threatened in writing by the SEC, unless subsequently withdrawn.

Section 7.2 . The obligation of the Company to effect the Merger is
further subject to the satisfaction (or waiver by the Company to the extent permitted by applicable Law) of the following conditions:

(a)
(i) The representations and warranties of Buyer and Merger Sub set forth in (Capital Structure), (Capital Structure of Merger Sub) and
(Absence of Certain Changes) shall be true and correct, at and as of the Closing, as if made at and as of such time (except to the extent expressly made as of an earlier date, in which case as of such date),
in each case, except for de minimis inaccuracies; (ii) the representations and warranties of Buyer and Merger Sub set forth in the first sentence of (Organization, Good Standing and Qualification),
(Corporate Authority and Approval) and (Brokers and Finders) shall be true and correct in all material respects, at and as of the Closing, as if made at and as of such
time (except to the extent expressly made as of an earlier date, in which case as of such date); (iii) the representations and warranties of Buyer and Merger Sub set forth in that are qualified by a “Buyer Material
Adverse Effect” qualification shall be true and correct in all respects as so qualified at and as of Closing, as if made at and as of such time (except to the extent expressly made as of an earlier date, in which case as of such date); and
(iv) the other representations and warranties of Buyer

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and Merger Sub set forth in shall be true and correct at and as of the Closing, as if made at and as of such time (except to the extent expressly made as of an earlier date, in
which case as of such date), except with respect to this clause (iv) where the failure of such representations and warranties to be so true and correct would not have, individually or