Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 268

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 268
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 Each party generally is required (1) to, and to cause its respective subsidiaries to, use its reasonable best efforts to cause the transactions described in the preceding sentence to qualify for the intended tax treatment, (2) to file all tax returns consistent with, and take no position inconsistent with (whether in audits, tax returns or otherwise) such intended tax treatment, (3) to use its reasonable best efforts to take or cause to be taken any action reasonably necessary to ensure the receipt of the tax opinions and (4) to cooperate with the tax counsel that are to render the tax opinions by providing appropriate representations as to factual matters. The parties adopted the merger agreement, the stockholders and letter agreement amendment and the GCI divestiture documents and any agreements entered into pursuant to the merger agreement as a “plan of

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reorganization” within the meaning of Sections 1.368-2(g) and 1.368-3(a) of the Treasury regulations, and the parties generally may not take any action or fail to take any action which would prevent, preclude or impede Skadden or Wachtell Lipton from delivering its tax opinion.

Immediately prior to the closing of the combination, each of Liberty Broadband and Charter is generally required to execute and deliver to the applicable tax counsel a representation letter in connection with the delivery of the tax opinions.

If, following the date of the merger agreement, there is a proposed change in U.S. federal income tax law (including new or revised pronouncements of the Internal Revenue Service (the “

#### IRS
”) or Treasury Department) that has an announced effective date, but is not yet effective (a “

#### proposed tax law change
”), and Skadden or Wachtell Lipton, as applicable, indicates such proposed change would prevent Skadden or Wachtell Lipton from delivering its tax opinion, in each case, if such change were effective, then, at the election of Liberty Broadband or Charter, Charter, Liberty Broadband, Merger Sub and Merger LLC shall use reasonable best efforts to cause the closing of the combination to occur prior to the effective date of such proposed tax law change.

If, following the date of the merger agreement, there is a change in U.S. federal income tax law (including new or revised pronouncements of the IRS or Treasury Department) or a material change in facts, as set forth in the representation letters delivered by each of Liberty Broadband and Charter in connection with the tax