Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 246

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 246
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 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, or any de minimisliabilities or reasonable fees, cost and expenses of advisors and legal counsel) for which Liberty Broadband and its 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, Liberty Broadband will:

| • | not amend the Liberty Broadband charter or the Liberty Broadband bylaws, and will cause each of its subsidiaries not to amend its respective certificate of incorporation or bylaws or similar organizational or governing documents, other than, in the case of any such subsidiaries, ministerial or administrative changes not adverse to the interests of Charter; |

| • | not authorize or adopt, or publicly propose, a plan or agreement of complete or partial liquidation or dissolution, merger, consolidation, restructuring, recapitalization or other reorganization of Liberty Broadband or any of its subsidiaries; |

| • | not, and will cause its subsidiaries not to, (1) authorize for issuance, issue or deliver, sell or transfer any shares of capital stock or other equity interests in Liberty Broadband or its subsidiaries or any convertible securities or other rights to acquire any equity interest of Liberty Broadband or its subsidiaries (excluding the (i) issuance of Liberty Broadband common stock pursuant to the exercise, vesting or settlement of Liberty Broadband equity awards outstanding as of the date of the merger agreement and governed by Liberty Broadband stock plans and applicable award agreements, (ii) the issuance of capital stock or other equity interests from any wholly owned subsidiary of Liberty Broadband to Liberty Broadband or another wholly owned subsidiary of Liberty Broadband, (iii) the issuance of shares of Liberty Broadband Series A common stock upon the conversion of any shares of Liberty Broadband Series B common stock pursuant to the Liberty Broadband certificate of incorporation, (iv) any issuances of any shares of Liberty Broadband capital stock pursuant to the Malone exchange agreement (as defined in the section entitled “Other Agreements Related to the Combination—Additional Transaction Agreements”), or (v) the issuance of shares of Liberty Broadband