Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 337

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 337
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 preferred stock of the surviving entity having powers, preferences and rights substantially identical to that of a share of Charter rollover preferred stock (with limited exceptions); or |

| • | authorize, create or issue, or increase the authorized or issued amount of, any class of Senior Stock or reclassify any of the authorized capital stock of Charter into such shares of Senior Stock, or create, authorize or issue any obligation or security convertible into or evidencing the right to purchase any shares of Senior Stock. |

In any merger or consolidation that provides for the payment of only cash to the holders of shares of Charter rollover preferred stock, each holder of shares of Charter rollover preferred stock is entitled to receive an amount equal to the liquidation price of the shares of Charter rollover preferred stock held by such holder, plus an amount equal to the accrued and unpaid dividends (whether or not declared) on such shares since the immediately preceding dividend payment date. Preemptive Rights The holders of shares of Charter rollover preferred stock will not have any preemptive right to subscribe for or purchase any capital stock or other securities which may be issued by Charter. Waiver Any provision of the Charter certificate of designations and any right of the holders of shares of Charter rollover preferred stock may be waived as to all shares of Charter rollover preferred stock (and the holders thereof) upon the written consent of the Charter Board (or any authorized committee thereof) and the holders of a majority of the shares of Charter rollover preferred stock then outstanding.

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TABLE OF CONTENTS

COMPARISON OF RIGHTS OF CHARTER STOCKHOLDERS AND LIBERTY BROADBAND STOCKHOLDERS Both Charter and Liberty Broadband are incorporated under the laws of the State of Delaware, and, accordingly, the rights of the stockholders of each company are currently governed by the DGCL. If the combination is completed, holders of shares of Liberty Broadband capital stock will become stockholders of Charter. Specifically, holders of shares of Liberty Broadband common stock will become holders of Charter Class A common stock, and holders of shares of Liberty Broadband preferred stock will become holders of Charter rollover preferred stock. Upon the effective time, the rights of the former Liberty Broadband stockholders who receive merger consideration will be governed by the DGCL, the Charter certificate of incorporation and the Charter bylaws and, with respect to the former Liberty Broadband preferred stockholders, will be governed by the Charter certificate of designations, rather than the Certificate of Designations for the Liberty Broadband preferred stock