Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 288

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 288
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 to certain conditions, the reasonable fees and expenses of separate counsel of the Maffei Group incurred in the defense of any claim related to the Maffei voting agreement, the other transaction documents or the transactions contemplated thereby or brought by a third party. Under the Maffei voting agreement, Liberty Broadband has also agreed to pay the reasonable out-of-pocket costs and expenses incurred by members of the Maffei Group in connection with the preparation, negotiation, execution and delivery of the Maffei voting agreement, the other transaction documents or the transactions contemplated thereby, up to $200,000 (with such fee cap to exclude any filing fees payable under the HSR Act).

#### Stockholders and Letter Agreement Amendment
This section describes the material terms of the stockholders and letter agreement amendment. The descriptions of the stockholders and letter agreement amendment in this section and elsewhere in this joint proxy statement/prospectus are qualified in their entirety by reference to the complete text of the stockholders and letter agreement amendment, a copy of which is attached as Annex D and is incorporated by reference into this joint proxy statement/prospectus. This summary does not purport to be complete and may not contain all of the information about the stockholders and letter agreement amendment that is important to you. You are encouraged to carefully read the entire stockholders and letter agreement amendment.

On November 12, 2024, simultaneously with the entry into the merger agreement, Charter, Liberty Broadband and A/N also entered into the stockholders and letter agreement amendment, providing for certain amendments to the existing stockholders agreement and the existing letter agreement.

#### Repurchases and Loans
The stockholders and letter agreement amendment sets forth the terms of Liberty Broadband’s participation in Charter’s share repurchases during the pendency of the combination, commencing with the first monthly repurchase determination date following November 12, 2024, which was November 29, 2024, until the date (if any) that the merger agreement is terminated prior to the closing of the combination. Repurchases of shares of Charter Class A common stock from Liberty Broadband will be made pursuant to the stockholders and letter agreement amendment rather than pursuant to the existing letter agreement.

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#### TABLE OF CONTENTS
The stockholders and letter agreement amendment provides that each month during the pendency of the combination, subject to the terms and conditions set forth therein, Charter will repurchase from Liberty Broadband the greater of: (i) $100 million per month of shares of