Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 51

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 51
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 were supplied by or on behalf of Buyer or Merger Sub for use therein.

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Section 4.18 . The Company has not employed any broker or
finder or incurred any liability for any brokerage fees, commissions or finders’ fees in connection with the Transactions, except that the Company has engaged Allen & Company LLC, J.P. Morgan Securities LLC and Evercore Group L.L.C.
as the Company’s financial advisors.

Section 4.19 .

(a) of the Company Disclosure Letter sets forth a true and complete list in all material respects of the real property
owned in fee by the Retained Entities (collectively, the “”). The Retained Entities have good fee title to all Owned Real Property, free and clear of all Liens to the Knowledge of the Company. To the Knowledge
of the Company, the Owned Real Property is not subject to any agreement under which any Person has a right to purchase any of the Owned Real Property. Except as set forth in of the Company Disclosure Letter,
to the Knowledge of the Company, there does not exist, any actual, pending or threatened violation of any Laws that remains uncured, proceedings of eminent domain, condemnation or any sale or disposition in lieu thereof.

(b) of the Company Disclosure Letter sets forth a true and complete list in all material respects pursuant to which any
Retained Entity leases or subleases any real property in excess of 100,000 square feet (each, a “,” and such real property the subject thereof, the “”). The
Company has made available to Buyer correct and complete copies in all material respects each Material Real Property Lease in the possession of the Company and, to the Knowledge of the Company, each is in full force and effect. The Company and its
Subsidiaries, as applicable, hold valid real estate interests and rights to the Leased Real Property, free and clear of all Liens. To the Knowledge of the Company, there does not exist any material breaches or defaults by the Company or any of its
Subsidiaries under any Material Real Property Lease.

Section 4.20 . The Company, on
its own behalf and behalf of its Affiliates and each of its and their respective representatives, acknowledges and agrees that (a) except for the representations and warranties made by Buyer and Merger Sub in , neither Buyer,
Merger Sub nor any other Person makes any express or implied representation or warranty with respect Buyer and its Affiliates or any of their respective businesses, operations, assets, liabilities, conditions