Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 280

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 280
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 pursuant to the Liberty Broadband vote down termination right; or |

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

| • | 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. |

Effect of Termination If the merger agreement is terminated as described above, the merger agreement will be null and void and of no effect and the obligations of the parties under the merger agreement will terminate, without liability on the part of any party, except that obligations with respect to certain specified provisions of the merger agreement will survive the termination of the merger agreement, and that no termination will relieve any party (or any stockholder, director, officer, employee, agent, consultant or representative of such party) of any liability or damages resulting from fraud in the making of the representations and warranties contained in the merger agreement or willful breach of such party’s covenants or agreements prior to termination. Under the merger agreement, willful breach means a material breach of a party’s covenants and agreements that is the consequence of an act or omission by a party with the knowledge that the taking of such act or failure to take such action would be a material breach of such party’s covenants or agreements.

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TABLE OF CONTENTS

Termination Fee 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 Liberty Broadband Series A common stock, Liberty Broadband Series B common stock and Liberty Broadband preferred stock, Charter terminates the merger agreement pursuant to the company adverse recommendation change termination right; or |

| • | (i) either party terminates the merger agreement pursuant to the drop dead date termination right or the Liberty Broadband vote down termination right, or Charter terminates the merger agreement pursuant to the Liberty Broadband breach termination right, (ii) prior to such termination (or, in the case of a termination pursuant to the Liberty Broadband vote down termination right, prior to the Liberty Broadband special meeting), an alternative company transaction proposal is publicly announced or publicly made known to the Liberty