Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 75

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 75
---
 (and, except as set forth below, notwithstanding the receipt of the requisite Liberty Broadband stockholder approvals, the requisite Charter stockholder approvals or the adoption of the merger agreement by Merger LLC as the sole stockholder of Merger Sub), as authorized by the Liberty Broadband Board or the Charter special committee or Charter Board (acting at the recommendation of the Charter special committee), as applicable, as follows:

| • | by the mutual written consent of each of Liberty Broadband and Charter; |

| • | by either Liberty Broadband or Charter: |

| • | subject to the parties’ specific enforcement right, if the merger has not been completed on or before the drop dead date, so long as such party’s failure to comply in all material respects with the merger agreement has not been a primary cause of the failure of the effective time to occur on or before the drop dead date, and so long as there is no pending action brought by the other party to enforce the provisions of the merger agreement; |

| • | if any governmental authority has issued or granted an order or taken any other action permanently restraining, enjoining or otherwise prohibiting the combination or the other transactions contemplated by the transaction documents and such order or other action is, or has become final and non-appealable, provided that this right to terminate the merger agreement is not available to a party if a material breach by such party of its obligations to use reasonable best efforts to obtain the requisite regulatory approvals for the combination has been a primary cause of the issuance of such order or other action; |

| • | pursuant to the Liberty Broadband vote down termination right; or |

| • | pursuant to the Charter vote down termination right. |

32

TABLE OF CONTENTS

| • | by Liberty Broadband: |

| • | pursuant to the parent adverse recommendation change termination right; |

| • | pursuant to the Charter breach termination right; or |

| • | by Charter: |

| • | pursuant to the company adverse recommendation change termination right; or |

| • | pursuant to the Liberty Broadband breach termination right. |

For more information, see “The Merger Agreement—Termination.” Termination Fee (page 148) The merger agreement provides for the payment of a termination fee if the merger agreement is terminated under the following circumstances:

| • | Liberty Broadband will pay to Charter a $460 million termination fee if: |

| • | prior to the date on which the vote is taken to approve the adoption of the merger agreement by the holders of shares of