Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 359

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 359
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 with Section 251 of the General Corporation Law of the State of Delaware (the “ DGCL ”), with the Company surviving the Merger as the Surviving Corporation;

WHEREAS, the Merger shall be immediately followed by a merger of the Surviving Corporation with and into Merger LLC (the “ Upstream Merger ”, and together with the Merger, the “ Combination ”), in accordance with Section 267 of the DGCL and Section 18-209(i) of the Delaware Limited Liability Company Act (the “ DLLCA ”), with Merger LLC surviving the Upstream Merger as the Surviving Company;

WHEREAS, the Merger shall be mutually interdependent with and a condition precedent to the Upstream Merger, and the Upstream Merger shall be effected immediately following the Effective Time in accordance with the DGCL and the DLLCA;

WHEREAS, simultaneously with the execution and delivery of this Agreement, and as a condition to the willingness of Parent to enter into this Agreement, the Malone Group is entering into a voting agreement with Parent (the “ Malone Voting Agreement ”);

WHEREAS, simultaneously with the execution and delivery of this Agreement, and as a condition to the willingness of Parent to enter into this Agreement, the Maffei Group is entering into a voting agreement with Parent (the “ Maffei Voting Agreement ” and together with the Malone Voting Agreement, the “ Voting Agreements ”);

WHEREAS, as of the date of this Agreement, the Company beneficially owns 45,560,806 shares of Parent Class A Common Stock (the “ Company Owned Parent Shares ”);

WHEREAS, simultaneously with the execution and delivery of this Agreement, Parent, the Company and Advance/Newhouse Partnership, a New York general partnership (“ A/N ”), are entering into an amendment (the “ Stockholders and Letter Agreement Amendment ”) to (i) that certain Second Amended and Restated Stockholders Agreement, dated as of May 23, 2015 (the “ Stockholders Agreement ”), by and among Parent, the Company and A/N, and (ii) that certain Letter Agreement, dated as of February 23, 2021 (the “ Letter Agreement ”), by and between Parent and the Company, setting forth certain agreements relating to the governance of Parent and the participation of the Company in Parent’s share repurchase program;

WHEREAS, the board of directors of Parent (the “ Parent Board ”) has established a special committee thereof consisting only of independent and disinterested directors (the “ Parent Special