Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 263

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 263
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Liberty Broadband and its representatives), in each case to knowingly facilitate or encourage the making of, or knowingly cooperate in any way that would reasonably be expected to lead to, any alternative parent transaction proposal, except in each case as expressly permitted by the merger agreement. Notwithstanding the foregoing, Charter or any of its representatives may:

| • | inform any person that makes an alternative parent transaction proposal of the restrictions imposed by the merger agreement; or |

| • | waive any standstill provisions in any agreement with any person or group to the extent such standstill provisions would prohibit such person or group from making an alternative parent transaction proposal privately to the Charter Board or Charter special committee. |

In connection with the receipt of any alternative parent transaction proposal or any initial request for information or for the initiation of negotiations with respect to an alternative parent transaction proposal, Charter will:

| • | as promptly as practicable (and in any event within 24 hours) provide Liberty Broadband written notice of the receipt of such proposal or request, including a written summary of the material terms and conditions of such proposal or request (including unredacted copies of such written proposal or request) and the identity of the persons making such proposal or request; |

| • | keep Liberty Broadband reasonably currently informed of the status of, and negotiations (if any) regarding, and any material developments affecting the terms and conditions of, such proposal or request; |

| • | promptly (and in any event within 48 hours) provide Liberty Broadband with all non-public information concerning Charter or any of its subsidiaries that is made available to the person or group making such proposal or request (or any of their representatives), which was not previously made available to Liberty Broadband or its representatives; and |

| • | promptly (and in any event within 24 hours after any determination) advise Liberty Broadband in writing if the Charter special committee or the Charter Board determines to begin providing information or engaging in discussions concerning such proposal in compliance with the non-solicitation provisions of the merger agreement. |

Parent Adverse Recommendation Change; Certain Prohibited Actions Except as expressly permitted by the merger agreement in the case of a superior parent proposal or a parent intervening event (in each case, as described below), neither the Charter Board nor any committee thereof, including the Charter special committee, will:

| • | (1) qualify, amend or modify in a manner adverse to Liberty Broadband, or publicly propose to qualify, amend or modify, in a manner adverse to Liberty Broadband or withdraw the recommendation