Company: LBRDK
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001140361-25-000778
Chunk: 286

Company: Liberty Broadband Corp
Filing Date: 2025-01-10
Form: PRER14A
Chunk 286
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, delay, postpone or adversely affect the consummation of the transactions contemplated by the merger agreement, including the merger. |

Subject to certain conditions, the members of the Maffei Group have granted the Chief Legal Officer of Liberty Broadband an irrevocable proxy to vote their respective shares of Liberty Broadband Series A common

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stock, Liberty Broadband Series B common stock and Liberty Broadband preferred stock in accordance with the Maffei voting agreement. The members of the Maffei Group have also agreed not to (i) convert their respective shares of Liberty Broadband Series B common stock into Liberty Broadband Series A common stock or into Liberty Broadband Series C common stock, or (ii) transfer their respective shares of Liberty Broadband Series A common stock, Liberty Broadband Series B common stock or Liberty Broadband preferred stock prior to the effective time, in each case subject to certain exceptions.

Each member of the Maffei Group has also agreed to waive, and not to exercise or assert, if applicable pursuant to the merger agreement, any appraisal rights under Section 262 of the DGCL in connection with the merger.

The Maffei voting agreement applies to Mr. Maffei in his capacity as a stockholder of Liberty Broadband and does not limit or affect any actions taken by Mr. Maffei in his capacity of director or officer of Charter, Liberty Broadband or their subsidiaries. The voting and support obligations of each stockholder party to the Maffei voting agreement will terminate upon the earliest to occur of: (1) the termination of the merger agreement in accordance with its terms; (2) the effective time; (3) the written agreement of Charter, Liberty Broadband and each member of the Maffei Group; and (4) the date of any material modification, waiver or amendment of the merger agreement that adversely affects the value or tax treatment of the consideration payable to any member of the Maffei Group or causes such consideration to include any property other than (i) Charter Class A common stock for Liberty Broadband common stock (and cash, without interest, in lieu of fractional shares), (ii) Charter rollover preferred stock for Liberty Broadband preferred stock, or adds new conditions or modifies any existing conditions to the consummation of the merger that materially adversely affects any member of the Maffei Group or the merger, without the prior written consent of Mr. Maffei or (iii) property received or entitled to be received in connection with the