Company: LBRDK
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001140361-25-000778
Chunk: 244

Company: Liberty Broadband Corp
Filing Date: 2025-01-10
Form: PRER14A
Chunk 244
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 negotiation, discussion, execution, implementation, performance and/or consummation thereof in accordance with the merger agreement, (iii) as consented to in writing by the Charter special committee (which consent will not be unreasonably conditioned, withheld or delayed), (iv) as set forth in certain confidential disclosure letter provided by Liberty Broadband to Charter in connection with the merger agreement or (v) with respect to GCI spinco, GCI, or any of their respective subsidiaries, the GCI business (as defined below), the company of which Liberty Broadband holds portfolio securities or any of its subsidiaries, except that, any action taken as permitted by this clause (v) prior to the consummation of the GCI divestiture must not (A) result in any liability (other than any tax liability resulting from or in connection with the GCI divestiture expressly contemplated by the GCI separation principles (as defined below), or any de minimisliabilities or

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reasonable fees, cost and expenses of advisors and legal counsel) for which Liberty Broadband and its subsidiaries other than GCI, GCI spinco or their respective subsidiaries (the “ non-GCI subsidiaries”), or following the effective time, Charter and its subsidiaries, would or would reasonably be expected to be held directly or indirectly liable or (B) materially impair, hinder, impede or delay, or prohibit or prevent, the consummation of the combination, it will and will cause each of its subsidiaries to:

| • | conduct its business in the ordinary course of business in all material respects; and |

| • | use its commercially reasonable efforts to preserve intact its business organization and goodwill and relationships with material customers, suppliers, licensors, licensees, distributors and other third parties. |

In addition, Liberty Broadband has agreed that, until the earlier of the effective time or the termination of the merger agreement in accordance with its terms, except (i) as required by applicable law, (ii) as expressly required or expressly permitted by the merger agreement, any other transaction document or as expressly required by the Liberty Broadband organizational documents in effect as of the date of the merger agreement, or any action or omission in connection with the GCI divestiture in accordance with the merger agreement, including the evaluation, negotiation, discussion, execution, implementation, performance and/or consummation thereof in accordance with the merger agreement, (iii) as consented to in writing by the Charter special committee (which consent will not be unreason