Company: LBRDK
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001140361-25-000778
Chunk: 284

Company: Liberty Broadband Corp
Filing Date: 2025-01-10
Form: PRER14A
Chunk 284
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 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, including with respect to clause (i) above, pursuant to the Malone exchange agreement or the Malone exchange side letter. Each member of the Malone 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.

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The Malone voting agreement does not limit or affect any actions taken by such member of the Malone Group in his, her or its capacity as a director or officer of Liberty Broadband or its subsidiaries. The voting and support obligations of each stockholder party to the Malone 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 Malone 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 Malone 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 Malone Group or the merger, without the prior written consent of Mr. Malone or (iii) property received or entitled to be received in connection with the GCI divestiture. Under the Malone voting agreement, Liberty Broadband, and from and after the effective time, Charter, have agreed to indemnify the members of the Malone Group for certain losses in connection with or arising out of the Malone voting agreement, the other transaction documents or the transactions contemplated thereby, including, subject to certain conditions, the reasonable fees and expenses of separate counsel of the Malone Group incurred in the defense of any claim related to the Malone voting agreement, the other transaction documents or the transactions contemplated thereby brought by a third party. Under the Malone voting agreement, Liberty Broadband has also agreed to pay the reasonable out-of-pocket costs and expenses incurred by the members of the Malone Group in connection with the preparation, negotiation, execution