Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-308654
Chunk: 61

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 61
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. 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
(financial or otherwise) or prospects in connection with this Agreement or the Transactions, and Buyer and Merger Sub hereby disclaims any such other representations or warranties, and (b) neither Buyer nor any other Person makes or has made
any representation or warranty to the Company or any of its Affiliates or Representatives with respect to (