Company: LBRDK
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001140361-25-000778
Chunk: 265

Company: Liberty Broadband Corp
Filing Date: 2025-01-10
Form: PRER14A
Chunk 265
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 the facts or occurrences giving rise or contributing to such change described in clause (ii) may be taken into account when determining a parent intervening event to the extent otherwise satisfying this definition). Subject to the non-solicitation obligations described above, if, prior to the receipt of required Charter stockholder approvals, Charter receives a bona fide written alternative parent transaction proposal which did not result from a breach of the non-solicitation obligations and that the Charter special committee or Charter Board (following the recommendation of the Charter special committee) determines in good faith, after consultation with its outside legal counsel and financial advisor, constitutes or would reasonably be expected to result in a superior parent proposal (excluding any assessment of the likelihood that Liberty Broadband or its subsidiaries would vote in favor of or otherwise support such alternative parent transaction proposal), and that failure to take such action would be inconsistent with its fiduciary duties under applicable law, Charter and its representatives may take the following actions:

| • | furnish any information with respect to Charter and its subsidiaries, and afford access to the business, properties, assets, books or records of Charter and its subsidiaries (except for information furnished by or on behalf of Liberty Broadband to Charter in accordance with the terms of its confidentiality agreement with Liberty Broadband or otherwise on a confidential basis) to the person or group (and their respective representatives) making such alternative parent transaction proposal, subject to the receipt of an executed confidentiality agreement (1) containing terms and restrictions at least as restrictive as the terms contained in the confidentiality agreement entered into with Liberty Broadband (other thande minimisdifferences but including a customary “standstill” agreement by such person or group that does not prohibit the making of any alternative parent transaction proposal privately to the Charter Board or the Charter special committee) and (2) that does not contain any express provision requiring Charter or its subsidiaries to pay or reimburse the counterparty’s fees, costs or expenses of any nature, provided, further, that Charter shall not furnish to any such person or group any information furnished by or on behalf of Liberty Broadband or its representatives to Charter or its representatives or made available pursuant to the Confidentiality Agreement (as defined in the merger agreement); and |

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| • | following the execution of a confidentiality agreement that complies with the above requirements, engage in discussions or negotiations with such person or group (and their respective representatives) with respect to such alternative parent transaction proposal. |

At any time prior to the receipt of required Charter stockholder approvals, the Charter Board or any committee