Company: LBRDK
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001140361-25-000778
Chunk: 251

Company: Liberty Broadband Corp
Filing Date: 2025-01-10
Form: PRER14A
Chunk 251
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, and will cause its subsidiaries not to, pay, discharge, settle, compromise or fail to defend any governmental actions or orders, other than (1) in the ordinary course consistent with past practice where the amounts paid or to be paid by Liberty Broadband and its subsidiaries are less than $25 million in the aggregate (net of amounts covered by Liberty Broadband’s and its subsidiaries’ insurance policies), (2) settlements that do not involve the admission of wrongdoing by Liberty Broadband or its subsidiaries and (3) settlements that do not impose restrictions (in any material respect) on the business of Liberty Broadband or any of its subsidiaries, or on the surviving corporation or the surviving company, as applicable, after the effective time of the merger or the effective time of the upstream merger; |

| • | not adopt or implement any stockholder rights plan, “poison pill” or similar anti-takeover agreement or plan that would prohibit, restrict or delay or otherwise be applicable to, the merger; |

| • | not, and will cause its subsidiaries not to, amend (other than renewals), modify or terminate (other than expirations and/or non-renewals pursuant to its terms) certain material contracts or enter into any contract (other than upsells or renewals in accordance with the terms thereof) which would have been a material contract if entered into prior to the date of the merger agreement, except, in any such case, (i) in the ordinary course of business or (ii) in connection with the transactions contemplated by the transaction documents; |

| • | not, and will cause its subsidiaries not to, except (i) in the ordinary course of business consistent with past practice, (ii) if any such transaction would not result in any obligation or liability to Liberty |

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TABLE OF CONTENTS

Broadband or any of its subsidiaries, and (iii) for any affiliate contracts in effect on the date of the merger agreement (including any renewals in accordance with the terms thereof after the date of the merger agreement), enter into any transactions between Liberty Broadband or any of its subsidiaries, on the one hand, and, on the other hand, any director, officer, affiliate or associate of Liberty Broadband or any of its subsidiaries, or certain other specified persons set forth in the merger agreement; or

| • | not enter into, or cause any of its subsidiaries to enter into, any agreement or otherwise make any commitment, or cause any of its subsidiaries to make any commitment, to do any of the