Company: LBRDK
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001140361-25-000778
Chunk: 252

Company: Liberty Broadband Corp
Filing Date: 2025-01-10
Form: PRER14A
Chunk 252
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 foregoing. |

Conduct of Business of Charter In general, Charter has agreed that until the effective time, except (i) as required by applicable law, (ii) as expressly required or expressly permitted by the merger agreement or any other transaction document, or as expressly required by Charter’s organizational documents in effect as of the date of the merger agreement, (iii) as consented to in writing by Liberty Broadband (which consent will not be unreasonably conditioned, withheld or delayed), or (iv) as set forth in certain confidential disclosure letter provided by Charter to Liberty Broadband in connection with the merger agreement, Charter will:

| • | not, and will cause each of Merger Sub and Merger LLC not to, amend the Charter organizational documents or the organizational documents of Merger Sub or Merger LLC in a manner that would adversely affect the holders of shares of Liberty Broadband capital stock relative to other holders of Charter capital stock, except for the filing of the Charter certificate of designations pursuant to the merger agreement; |

| • | not authorize, adopt or publicly propose a plan or agreement of complete or partial liquidation or dissolution, merger, consolidation, restructuring, recapitalization or other reorganization of Charter or any of its subsidiaries, except for any alternative parent transactions that would not, or would not reasonably be expected to, require Charter to abandon or terminate the combination, or that would not or would not reasonably be expected to, materially impair, hinder, impede or delay, or prohibit or prevent, the consummation of the combination; |

| • | not (1) reclassify, combine, adjust, split or subdivide any capital stock of Charter or any equity security (including any units) in Charter Holdings, other than where equitable adjustments are made to the number of shares of Charter capital stock constituting the merger consideration pursuant to the merger agreement, (2) issue or authorize the issuance of shares of capital stock of Charter or equity securities of Charter Holdings, or other securities in respect of, in lieu of or in substitution for shares of Charter capital stock or equity securities of Charter Holdings (other than (i) issuances of Charter capital stock pursuant to the transaction documents or Charter equity awards governed by Charter stock plans, (ii) issuances, grants or sales of Charter Class A common stock for or in excess of fair market value or (iii) in connection with any alternative parent transactions that would not, or would not reasonably be expected to, require Charter to abandon or terminate the combination, or that would not or