Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 270

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 270
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, the “

#### alternative tax-free transactions
”); provided that such alternative tax-free transaction (x) does not impose any unreimbursed incremental costs on Charter, Liberty Broadband, or their shareholders, reduce the anticipated benefits of the combination to Charter in any unreimbursed respect or otherwise fail to satisfy the intended tax treatment and (y) is not reasonably expected to delay the closing past the drop dead date. Following any such change of law or material change of facts described in the first sentence of this paragraph, Liberty Broadband or Charter may, at its election, present a proposed alternative tax-free transaction to Charter or Liberty Broadband, as applicable, and Charter or Liberty Broadband, as applicable, shall, within twenty days after receipt thereof, indicate whether it agrees such proposal qualifies as an alternative tax-free transaction, or, if not, identify the specific prongs of the definition of alternative tax-free transaction that are not satisfied by the proposal. If an alternative tax-free transaction is identified, the parties shall amend the transaction documents to implement such alternative tax-free transactions and to provide that the parties shall cooperate in obtaining the opinions referred to in clause (E) of the preceding sentence, including by the provision of appropriate representation letters.

From the date of the merger agreement until the consummation of the GCI divestiture, any acquisition by GCI or any of its subsidiaries, directly or indirectly, by purchase, merger, consolidation or otherwise, of the

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#### TABLE OF CONTENTS
**equity or material assets of another person (other than GCI or any of its Subsidiaries) shall be structured as a fully taxable acquisition, provided that if the acquisition is a purchase of stock of such person for applicable tax purposes that does not result in a step-up in asset basis, then, notwithstanding anything to the contrary in the GCI separation principles, no election under Section 338(h)(10) or Section 336(e) of the Code shall be made with respect to such person in connection with the GCI divestiture.

Directors’ and Officers’ Indemnification and Insurance

For six years after the effective time (or, in certain limited circumstances, a longer period), Charter will, and will cause the surviving corporation and its subsidiaries, and from and after the effective time of the upstream merger, the surviving company and its subsidiaries, to, honor and fulfill in all respects the obligations (including both indemnification and advancement of expenses) of Liberty Broadband and its subsidiaries