<SEC-DOCUMENT>0000930413-24-001306.txt : 20240418
<SEC-HEADER>0000930413-24-001306.hdr.sgml : 20240418
<ACCEPTANCE-DATETIME>20240418083022
ACCESSION NUMBER:		0000930413-24-001306
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		16
CONFORMED PERIOD OF REPORT:	20240417
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20240418
DATE AS OF CHANGE:		20240418

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIRIUS XM HOLDINGS INC.
		CENTRAL INDEX KEY:			0000908937
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO BROADCASTING STATIONS [4832]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				383916511
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34295
		FILM NUMBER:		24852942

	BUSINESS ADDRESS:	
		STREET 1:		1290 AVENUE OF THE AMERICAS
		STREET 2:		11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10104
		BUSINESS PHONE:		212-584-5100

	MAIL ADDRESS:	
		STREET 1:		1290 AVENUE OF THE AMERICAS
		STREET 2:		11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIRIUS XM RADIO INC.
		DATE OF NAME CHANGE:	20080805

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIRIUS SATELLITE RADIO INC
		DATE OF NAME CHANGE:	19991228

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CD RADIO INC
		DATE OF NAME CHANGE:	19940203
</SEC-HEADER>
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</div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether
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Exchange Act of 1934.</p><div>

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</div><p style="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 36pt">&#160;</p><div>

</div><p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif">If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span>&#9744;</span></p><div>

</div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 5px double">&#160;</p><div>

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</div><table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 12pt Times New Roman, Times, Serif">
<tr style="vertical-align: top">
    <td style="width: 70pt"><span style="color: Black"><b>Item 5.02.</b></span></td>
    <td><span style="color: Black"><b>Departure of Directors or Certain Officers; Election of Directors; Appointment
    of Certain Officers; Compensatory Arrangements of Certain Officers</b></span></td></tr>
</table><div>
</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">&#160;</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">On April 17, 2024, our
subsidiary, Sirius XM Radio Inc., entered into a new Employment Agreement (the &#8220;Employment Agreement&#8221;) with Scott A.
Greenstein to continue to serve as our President and Chief Content Officer. The Employment Agreement will become effective as of
May 25, 2024 (the &#8220;Effective Date&#8221;). Prior to the Effective Date, the terms of Mr. Greenstein&#8217;s existing employment
agreement shall govern the terms of his employment. The term of the Employment Agreement shall begin on the Effective Date and
end on May 24, 2027. The Employment Agreement is substantially similar to his existing employment agreement, other than with respect
to the economic changes described below.</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">&#160;</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">Pursuant to the Employment
Agreement, on the Effective Date, Mr. Greenstein&#8217;s annual base salary will increase to $1,700,000. The Employment Agreement
entitles Mr. Greenstein to participate in any bonus plan generally applicable to our executive officers and provides for an annual
target bonus equal to two times his base salary.</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">&#160;</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">The Employment Agreement
provides, in the case of certain qualifying terminations, for continuation of his health insurance and life insurance benefits
for eighteen months and for a lump sum severance payment in an amount equal to one and a half times the sum of (i) Mr. Greenstein&#8217;s
annual base salary, and (ii) the greater of $2,600,000 or the last annual bonus paid (or due and payable) to him. In the case of
certain qualifying terminations, we are also obligated to pay him a pro-rated bonus for the year in which the termination occurs
(based on actual achievement of applicable performance criteria) and any earned but unpaid bonus for the year prior to the termination.
Our obligation to provide these severance benefits to Mr. Greenstein is subject to, upon our reasonable request, Mr. Greenstein
providing three months of consulting and transition services to us, and Mr. Greenstein&#8217;s execution of an effective release
of claims against us. The Employment Agreement also contains other provisions contained in his existing employment agreement, including
confidentiality and non-competition restrictions, as well as a compensation clawback to the extent required by our policies or
applicable law, regulations or stock exchange listing requirement.</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&#160;</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">In connection with entering into the Employment
Agreement, on the second business day following the day that the trading window for our employees opens after the Effective Date
we have agreed to grant Mr. Greenstein:</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt; ">&#160;</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt; ">&#9679;&#160;&#160;&#160;&#160;&#160;&#160;&#160;an
option to purchase shares of our common stock having a value, calculated based upon the Black-Scholes-Merton option pricing model
using the financial inputs consistent with those we use for financial reporting purposes, of $8,250,000 at an exercise price equal
to the closing sale price of our common stock on the Nasdaq Global Select Market on that day. This option award will vest in three
equal installments on May 26, 2025, May 25, 2026 and May 24, 2027.</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt; ">&#160;</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt; ">&#9679;&#160;&#160;&#160;&#160;&#160;&#160;&#160;time-based
restricted stock units (&#8220;RSUs&#8221;) having a grant value of $1,650,000. This time-based RSU award will vest in three equal
installments on May 26, 2025, May 25, 2026 and May 24, 2027.</p><div>

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</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; "></p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt; ">&#9679;&#160;&#160;&#160;&#160;&#160;&#160;&#160;performance-based
RSUs having a grant value of $3,300,000. This performance-based RSU award will cliff vest on May 24, 2027 after a three-year performance
period beginning on January 1, 2024 and ending on December 31, 2026 if a cumulative free cash flow target established by the Compensation
Committee is achieved, subject to his continued employment through May 24, 2027.</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt; ">&#160;</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt; ">&#9679;&#160;&#160;&#160;&#160;&#160;&#160;&#160;performance-based
RSUs having a grant value of $3,300,000. This performance-based RSU award will cliff vest following a three-year performance period
commencing on January 1, 2024 and ending on December 31, 2026 based on the performance of our common stock relative to the companies
in the S&amp;P 500 Index. Mr. Greenstein will vest in this award on May 24, 2027, subject to the Compensation Committee&#8217;s
certification of our performance during that performance period and his continued employment through May 24, 2027.</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">&#160;</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">Each of the awards will
be subject to acceleration or termination under certain circumstances <span>consistent with the
terms of equity awards granted to our other executive officers.</span></p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">&#160;</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">Additional information
about the benefit plans and programs generally available to our executive officers is included in the Proxy Statement for our 2024
annual meeting of stockholders filed with the Securities and Exchange Commission on April 8, 2024.</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">&#160;</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; ">The foregoing description
is qualified in its entirety by the Employment Agreement attached as Exhibit 10.1 to this Current Report on Form 8-K.</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p><div>

</div><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; font: 12pt Times New Roman, Times, Serif">
<tr style="vertical-align: top">
    <td style="width: 70pt"><b>Item 9.01.</b></td>
    <td><b>Statements and Exhibits</b></td></tr>
</table><div>


</div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p><div>

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<tr style="vertical-align: top">
    <td style="text-align: center">(d)</td>
    <td>&#160;</td>
    <td>Exhibits.</td></tr>
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    <td style="text-align: center">&#160;</td>
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    <td><span style="font-size: 10pt"><b><span style="text-decoration:underline">Description of Exhibit</span></b></span></td></tr>
<tr style="vertical-align: top">
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    <td>&#160;</td>
    <td>&#160;</td></tr>
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    <td style="text-align: center">10.1</td>
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    <td><p style="margin: 0"><a href="c108836_ex10-1.htm" style="-sec-extract: exhibit">Employment Agreement, dated as of April 17, 2024, between Sirius XM Radio Inc. and Scott A. Greenstein</a></p></td></tr>
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</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>SIGNATURES</b></p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&#160;</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</p><div>

</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&#160;</p><div>

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    <td colspan="3">SIRIUS XM HOLDINGS INC.</td></tr>
<tr style="vertical-align: top">
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    <td style="width: 1%">&#160;</td>
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    <td>By:</td>
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    <td style="border-bottom: Black 1px solid">/s/ Patrick L. Donnelly</td></tr>
<tr style="vertical-align: top">
    <td>&#160;</td>
    <td/>
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    <td style="padding-left: 14pt">Patrick L. Donnelly</td></tr>
<tr style="vertical-align: top">
    <td>&#160;</td>
    <td/>
    <td>&#160;</td>
    <td style="padding-left: 14pt">Executive Vice President, General Counsel and Secretary</td></tr>
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</div><p style="font: 12pt Times New Roman, Times, Serif; margin: 0">Dated: April 18, 2024</p><div>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Exhibit 10.1</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">EMPLOYMENT AGREEMENT</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">This EMPLOYMENT AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;),
dated as of April 17, 2024, is between SIRIUS XM RADIO INC., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), and SCOTT
A. GREENSTEIN (the &ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">WHEREAS, the Company and the Executive previously
entered into an employment agreement dated as of December 7, 2020 (the &ldquo;<U>Prior Agreement</U>&rdquo;); and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">WHEREAS, the Company and the Executive jointly
desire to enter into this Agreement, which shall replace and supersede the Prior Agreement in its entirety as of the Effective
Date (as defined below), to reflect the terms and conditions of the Executive&rsquo;s continued employment with the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">In consideration of the mutual covenants and
conditions set forth herein, the Company and the Executive agree as follows:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">1.&nbsp;<U>Employment</U>. Subject to the terms and conditions of this Agreement, the Company hereby employs the Executive, and
the Executive hereby agrees to accept continued employment with the Company and Sirius XM Holdings Inc. (&ldquo;<U>Holdings</U>&rdquo;).
This Agreement shall become effective as of May 25, 2024 (the &ldquo;<U>Effective Date</U>&rdquo;). Prior to the Effective Date,
the terms of the Executive&rsquo;s employment with the Company and Holdings (including any termination thereof) shall be governed
by the terms of the Prior Agreement, and this Agreement shall not be of any force or effect.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">2.&nbsp;<U>Duties and Reporting Relationship</U>. (a) The Executive shall continue his employment as the President and Chief Content
Officer of both the Company and Holdings. In such capacity, the Executive shall be responsible for management of all aspects of
the Company&rsquo;s and Holdings&rsquo; programming functions, and all personnel working in such areas shall report to the Executive.
During the Term (as defined below), the Executive shall, on a full-time basis and consistent with the needs of the Company and
Holdings, use the Executive&rsquo;s skills and render services to the best of the Executive&rsquo;s ability. The Executive shall
perform such activities and duties consistent with his position that the Chief Executive Officer of the Company and Holdings (the
&ldquo;<U>CEO</U>&rdquo;) shall from time to time reasonably specify and direct. During the Term, the Executive shall not perform
any consulting services for, or engage in any other business enterprises with, any third parties without the express written consent
of the CEO, other than charitable, civic and other non-business activities that do not interfere with the Executive&rsquo;s duties
to the Company and/or Holdings, and passive investments.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(b)&nbsp;The Executive shall generally perform
his duties and conduct his business at the offices of the Company in Miami, Florida.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(c)&nbsp;Unless otherwise required by law, administrative
regulation or the listing standards of the exchange on which Holdings&rsquo; shares are primarily traded, the Executive shall report
solely and directly to the CEO.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">3.&nbsp;<U>Term</U>. The term of this Agreement shall commence on the Effective Date and shall end on May 24, 2027 (the &ldquo;<U>Term
End Date</U>&rdquo;), unless terminated earlier pursuant to the provisions of Section 6 (the Executive&rsquo;s period of employment
under this Agreement, the &ldquo;<U>Term</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">4.&nbsp;<U>Compensation</U>. (a) During the Term, and effective as of the Effective Date, the Executive shall be paid an annual
base salary of $1,700,000. Such annual base salary, as in effect from time to time, may be subject to increase (but not decrease)
from time to time by recommendation of the CEO to, and approval by, the Board of Directors of Holdings (the &ldquo;<U>Board</U>&rdquo;)
or any committee thereof (such amount, as increased, the &ldquo;<U>Base Salary</U>&rdquo;). All amounts paid to the Executive under
this Agreement shall be in U.S. dollars. The Base Salary shall be paid at least monthly and, at the option of the Company, may
be paid more frequently.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(b)&nbsp;On the second business day following
the Effective Date on which Holdings and the Executive are not subject to blackout restrictions (such date, the &ldquo;<U>Grant
Date</U>&rdquo;), the Company shall cause Holdings to grant to the Executive the following:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(i)&nbsp;an option to purchase shares of Holdings&rsquo; common stock, par value $.001 per share (the &ldquo;<U>Common Stock</U>&rdquo;),
at an exercise price equal to the closing price of the Common Stock on the Nasdaq Global Select Market on the Grant Date, with
the number of shares of Common Stock subject to such option being that necessary to cause the Black-Scholes-Merton value of such
option on the Grant Date to be equal to $8,250,000, determined by using inputs consistent with those Holdings uses for its financial
reporting purposes. Such option shall be subject to the terms and conditions set forth in the Option Agreement attached to this
Agreement as Exhibit&nbsp;A;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(ii)&nbsp;a number of restricted stock units (&ldquo;<U>RSUs</U>&rdquo;) equal to $1,650,000, divided by the average closing price
of the Common Stock on the Nasdaq Global Select Market for the twenty (20)-trading day period preceding, but not including, the
Grant Date. Such RSUs shall be subject to the terms and conditions set forth in the Restricted Stock Unit Agreement attached to
this Agreement as Exhibit&nbsp;B;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(iii)&nbsp;a number of performance-based restricted stock units (&ldquo;<U>PRSUs</U>&rdquo;) equal to $3,300,000, divided by the average
closing price of the Common Stock on the Nasdaq Global Select Market for the twenty (20)-trading day period preceding, but not
including, the Grant Date. Such PRSUs shall be subject to the terms and conditions set forth in the Performance-Based Restricted
Stock Unit Agreement (Free Cash Flow) attached to this Agreement as Exhibit C; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(iv)&nbsp; a number of performance-based restricted stock units (&ldquo;<U>PRSUs</U>&rdquo;) equal to $3,300,000, divided by the average
closing price of the Common Stock for the twenty (20)-trading day period preceding, but not including, the Grant Date. Such PRSUs
shall be subject to the terms and conditions set forth in the Performance-Based Restricted Stock Unit Agreement (Relative TSR)
attached to this Agreement as Exhibit D.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(c)&nbsp;All compensation paid to the Executive
hereunder shall be subject to any payroll and withholding deductions required by applicable law, including, as and where applicable,
federal, New York State and New York City income tax withholding, federal unemployment tax and social security (FICA).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">5.&nbsp;<U>Additional Compensation; Expenses and Benefits</U>. (a) During the Term, the Company shall reimburse the Executive for
all reasonable and necessary business expenses incurred and advanced by the Executive in carrying out the Executive&rsquo;s duties
under this Agreement; <U>provided</U> that such expenses are incurred in accordance with the policies and procedures established
by the Company. The Executive shall present to the Company an itemized account of all expenses in such form as may be required
by the Company from time to time.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(b)&nbsp;During the Term, the Executive shall
be eligible to participate fully in any other benefit plans, programs, policies and fringe benefits which may be made available
to the executive officers of the Company and/or Holdings generally, including, without limitation, disability, medical, dental
and life insurance and benefits under the Company&rsquo;s and/or Holdings&rsquo; 401(k) savings plan and deferred compensation
plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(c)&nbsp;During the Term, the Executive shall be
entitled to participate in any bonus plans generally offered to executive officers of the Company and/or Holdings. The Executive&rsquo;s
annual bonus (the &ldquo;<U>Bonus</U>&rdquo;), if any, shall be determined annually by the CEO, or the Board or the compensation
committee of the Board (the &ldquo;<U>Compensation Committee</U>&rdquo;). During the Term, the Executive shall have a target annual
bonus opportunity of 200% of the Executive&rsquo;s Base Salary as in effect for the applicable portion of the Term. Bonus(es) shall
be subject to the Executive&rsquo;s individual performance, satisfaction of objectives established by the CEO or the Board or the
Compensation Committee, and further are subject to the exercise of discretion by the CEO and review and approval by the Compensation
Committee. If the Term expires on the Term End Date, any Bonus earned in respect of the 2027 calendar year will be calculated based
on the Executive&rsquo;s and the Company's performance during the full 2027 calendar year, pro-rated to reflect the number of days
the Executive was employed by the Company and Holdings from January 1, 2027 through May 24, 2027 (such amount, if any, the &ldquo;<U>2027
Pro-Rata Bonus</U>&rdquo;). For the avoidance of doubt, there shall be no duplication of benefits between any 2027 Pro-Rata Bonus
and any amount contemplated under Section 6(f)(ii)(B) of this Agreement. Bonus(es), if any, shall be paid in the form of cash and
shall be paid by March 15<SUP>th</SUP> of the following year.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">6.&nbsp;<U>Termination</U>. The date upon which the Executive&rsquo;s employment with the Company under this Agreement is deemed
to be terminated in accordance with any of the provisions of this Section 6 is referred to herein as the &ldquo;<U>Termination
Date</U>.&rdquo; With respect to any payment or benefits that would be considered deferred compensation subject to Section 409A
(&ldquo;<U>Section 409A</U>&rdquo;) of the Internal Revenue Code of 1986, as amended (the &ldquo;<U>Code</U>&rdquo;), and which
are payable upon or following a termination of employment, a termination of employment shall not be deemed to have occurred unless
such termination also constitutes a &ldquo;separation from service&rdquo; within the meaning of Section 409A and the regulations
thereunder (a &ldquo;<U>Separation from Service</U>&rdquo;), and notwithstanding anything contained herein to the contrary, the
date on which a Separation from Service takes place shall be the Termination Date. In the event of the </P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Executive&rsquo;s death,
any amounts owed to the Executive hereunder shall instead be paid to the Executive&rsquo;s designated beneficiary (or, if none,
to the Executive&rsquo;s estate).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(a)&nbsp;The Company has the right and may elect to terminate the Executive&rsquo;s employment under this Agreement with or without
Cause at any time. For purposes of this Agreement, &ldquo;<U>Cause</U>&rdquo; means the occurrence or existence of any of the following:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(i)&nbsp;(A) a material breach by the Executive of the terms of this Agreement, (B) a material breach by the Executive of the Executive&rsquo;s
duty not to engage in any transaction that represents, directly or indirectly, self-dealing with the Company, Holdings or any of
their respective affiliates (which, for purposes hereof, shall mean any individual, corporation, partnership, association, limited
liability company, trust, estate, or other entity or organization directly or indirectly controlling, controlled by, or under direct
or indirect common control with the Company and/or Holdings) which has not been approved by a majority of the disinterested directors
of the Board, or (C) the Executive&rsquo;s violation of the Company&rsquo;s and/or Holdings&rsquo; Code of Ethics, or any other
written Company and/or Holdings policy that is communicated to the Executive in a similar manner as such policy is communicated
to other employees of the Company and/or Holdings, which is demonstrably and materially injurious to the Company, Holdings and/or
any of their respective affiliates, if any such material breach or violation described in clauses (A), (B) or (C), to the extent
curable, remains uncured after fifteen (15) days have elapsed following the date on which the Company gives the Executive written
notice of such material breach or violation;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(ii)&nbsp;the Executive&rsquo;s act of dishonesty, misappropriation, embezzlement, intentional fraud, or similar intentional misconduct
by the Executive involving the Company, Holdings or any of their respective affiliates;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(iii)&nbsp;the Executive&rsquo;s conviction or the plea of <I>nolo contendere</I> or the equivalent in respect of a felony;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(iv)&nbsp;any damage of a material nature to any property of the Company, Holdings or any of their respective affiliates caused by
the Executive&rsquo;s willful misconduct or gross negligence;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(v)&nbsp;the Executive&rsquo;s repeated nonprescription use of any controlled substance or the repeated use of alcohol or any other
non-controlled substance that, in the reasonable good faith opinion of the Board, renders the Executive unfit to serve as an officer
of the Company, Holdings or their respective affiliates;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(vi)&nbsp;the Executive&rsquo;s failure to comply with the CEO&rsquo;s reasonable written instructions on a material matter within
five (5) days; or</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(vii)&nbsp;conduct by the Executive that, in the reasonable good faith written determination of the Board, manifests the Executive&rsquo;s
lack of fitness to serve as an officer of the Company, Holdings or their respective affiliates, including but not limited to a
finding by the Board or any judicial or regulatory authority that the Executive </P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">committed acts of unlawful harassment or violated
any other state, federal or local law or ordinance prohibiting discrimination in employment.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(b)&nbsp;Termination of the Executive for Cause pursuant to Section 6(a) shall be communicated by a Notice of Termination for Cause.
For purposes of this Agreement, a &ldquo;<U>Notice of Termination for Cause</U>&rdquo; shall mean delivery to the Executive of
a copy of a resolution or resolutions duly adopted by the affirmative vote of not less than a majority of the directors present
(in person or by teleconference) and voting at a meeting of the Board called and held for that purpose after fifteen (15) days&rsquo;
notice to the Executive (which notice the Company shall use reasonable efforts to confirm that the Executive has actually received
and which notice for purposes of Section 6(a) may be delivered, in addition to the requirements set forth in Section 17, through
the use of electronic mail) and a reasonable opportunity for the Executive, together with the Executive&rsquo;s counsel, to be
heard before the Board prior to such vote, finding that in the good faith opinion of the Board, the Executive committed the conduct
set forth in any of clauses (i) through (vii) of Section 6(a) and specifying the particulars thereof in reasonable detail. For
purposes of Section 6(a), the Executive&rsquo;s employment and the Term shall terminate on the date specified by the Board in the
Notice of Termination for Cause and one (1) day following the receipt by the Executive of a notice of a termination without Cause.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(c)&nbsp;(i) The Term of this Agreement and the Executive&rsquo;s employment shall terminate upon the death of the Executive.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(ii)&nbsp;If the Executive is unable to perform
the essential duties and functions of the Executive&rsquo;s employment because of a disability, even with a reasonable accommodation,
for one hundred eighty (180) days within any three hundred sixty-five (365)-day period (&ldquo;<U>Disability</U>&rdquo;), the Company
shall have the right and may elect to terminate the services of the Executive by a Notice of Disability Termination. The Executive
shall not be terminated following a Disability except pursuant to this Section 6(c)(ii). For purposes of this Agreement, a &ldquo;<U>Notice
of Disability Termination</U>&rdquo; shall mean a written notice that sets forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of the Executive&rsquo;s employment under this Section 6(c)(ii). For purposes of this
Agreement, no such purported termination shall be effective without such Notice of Disability Termination. The Term of this Agreement
and the Executive&rsquo;s employment shall terminate on the day such Notice of Disability Termination is received by the Executive.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(d)&nbsp;The Executive may elect to resign from the Executive&rsquo;s employment with the Company and Holdings at any time with or
without Good Reason (as defined below). Should the Executive wish to resign from the Executive&rsquo;s employment with the Company
and Holdings during the Term for other than Good Reason, the Executive shall give at least thirty (30) days&rsquo; prior written
notice to the Company. The Executive&rsquo;s employment and the Term of this Agreement shall terminate on the effective date of
the resignation set forth in the notice of resignation; <U>provided</U> that the Company may, at its sole discretion, instruct
the Executive to perform no more job responsibilities and cease the Executive&rsquo;s active employment immediately upon or following
receipt of such notice from the Executive. Further, any resignation by the Executive of the Executive&rsquo;s employment with the
Company shall be deemed a resignation of the Executive&rsquo;s employment with Holdings (and vice versa).</P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(e)&nbsp;Should the Executive wish to resign from the Executive&rsquo;s employment with the Company and Holdings during the Term
for Good Reason following the Company&rsquo;s failure to cure an applicable event as contemplated below, the Executive shall give
at least seven (7) days&rsquo; prior written notice to the Company. The Executive&rsquo;s employment and the Term of this Agreement
shall terminate on the date specified in such notice given in accordance with the relevant provision; <U>provided</U> that the
Company may, at its sole discretion, instruct the Executive to cease active employment and perform no more job duties immediately
upon or following receipt of such notice from the Executive. Further, any resignation by the Executive of the Executive&rsquo;s
position with the Company shall be deemed a resignation of the Executive&rsquo;s position with Holdings (and vice versa).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">For purposes of this Agreement, &ldquo;<U>Good
Reason</U>&rdquo; shall mean the continuance of any of the following events (without the Executive&rsquo;s prior written consent)
for a period of thirty (30) days after delivery to the Company by the Executive of a written notice within ninety (90) days of
the Executive becoming aware of the initial occurrence of such event, during which thirty (30)-day period of continuation the Company
and Holdings shall be afforded an opportunity to cure such event (and provided that the Executive&rsquo;s effective date of resignation
for Good Reason is within one hundred thirty-five (135) days of the Good Reason event):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(i)&nbsp;the assignment to the Executive by the Company and/or Holdings of duties not reasonably consistent with the Executive&rsquo;s
positions, duties, responsibilities, titles or offices on the Effective Date, any material reduction in the Executive&rsquo;s duties
or responsibilities as described in Section 2, or any removal of the Executive from, or any failure to <Font style="white-space:nowrap">re-elect</font> the Executive to,
any of such positions (other than the Board of Managers of SoundCloud), or the Executive not being the most senior executive, other
than the CEO, who is responsible for all programming activities, including the content of podcasting, and related programming personnel,
in each case for which the Executive is responsible as of the Effective Date (except in connection with the termination of the
Executive&rsquo;s employment for Cause, Disability or as a result of the Executive&rsquo;s death or by the Executive other than
for Good Reason); <U>provided</U> that in no event shall the Executive&rsquo;s lack of responsibility for (1) podcasting, other
than podcasting content, (2) video programming, (3) all or any portion of the programming, ad sales or other business of Pandora
Media, LLC, and/or (4) all or any portion of the programming, ad sales or other business of any other subsidiaries or affiliates
of the Company or Holdings, in each case be deemed to constitute or contribute to the existence of Good Reason; or</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(ii)&nbsp;the Executive ceasing to report solely and directly to the CEO (unless otherwise required by Section 2(c)); or</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(iii)&nbsp;any requirement that the Executive report for work to a location (other than the Executive&rsquo;s residence) more than
twenty-five (25) miles from the Company&rsquo;s current offices in Miami, Florida or New York, New York, for more than thirty (30)
days in any calendar year, excluding any requirement that results from the damage, emergency closure, or destruction of such offices
as a result of natural disasters, terrorism, pandemics, acts of war or acts of God or travel in the ordinary course of business;
or</P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(iv)&nbsp;any reduction in the Base Salary or target bonus opportunity; or</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 72pt">(v)&nbsp;any material breach by the Company of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(f)&nbsp;(i) If the employment of the Executive is terminated during the Term by the Company for Cause, by the Executive other than
for Good Reason or due to death or Disability, the Executive shall, in lieu of any future payments or benefits under this Agreement,
be entitled to (A) any earned but unpaid Base Salary and any business expenses incurred but not reimbursed, in each case, prior
to the Termination Date and (B) any other vested benefits under any other benefit or incentive plans or programs (including any
equity plans and applicable award agreements) in accordance with the terms of such plans and programs (collectively, the &ldquo;<U>Accrued
Payments and Benefits</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 108pt">(ii) If, during the Term, the employment
of the Executive is terminated by the Company without Cause or if the Executive terminates the Executive&rsquo;s employment for
Good Reason, then, subject to Section 6(g), the Executive shall have an absolute and unconditional right to receive, and the Company
shall pay to the Executive without setoff, counterclaim or other withholding, except as set forth in Section 4(c), the following:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 108pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 36pt">(A) the Accrued Payments and Benefits;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 36pt">(B) a lump sum amount equal to one
and one-half (1&frac12;) times the sum of (x) the Executive&rsquo;s annualized Base Salary then in effect and (y) an amount in
cash equal to the greater of (I) $2,600,000, or (II) the Bonus last paid (or due and payable) to the Executive, with such lump
sum amount to be paid on the sixtieth (60th) day following the Termination Date;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 36pt">(C) (x) a pro-rated Bonus for the year
in which the termination occurred (based on actual achievement of applicable performance criteria, and based on the number of days
the Executive was employed by the Company as a portion of the applicable calendar year), payable when annual bonuses are normally
paid to other executive officers of the Company and (y) any earned but unpaid annual bonus with respect to the year prior to the
year of termination, payable when annual bonuses are normally paid to other executive officers;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 36pt">(D) the continuation for eighteen (18)
months, at the Company&rsquo;s expense (by direct payment, not reimbursement to the Executive), of substantially similar medical
and dental benefits in a manner that will not be taxable to the Executive; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 36pt">(E) life insurance benefits on substantially
the same terms as provided by the Company for active employees for eighteen (18) months following the Termination Date; <U>provided</U>
that (I) the Company&rsquo;s cost for such life insurance shall not exceed twice the amount that the Company would have paid to
provide such life insurance benefit to the Executive if the Executive were an active employee on the Termination Date, and (II)
</P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">such life insurance coverage shall cease if the Executive obtains a life insurance benefit from another employer during the remainder
of such eighteen (18)-month period.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">For the avoidance of doubt, the expiration
of the Term and/or the Executive&rsquo;s termination of employment on the Term End Date shall not be deemed to be a termination
by the Company without Cause or a termination by the Executive for Good Reason for purposes of this Agreement and, upon the Term
End Date, the Executive will not be entitled to receive the payments described under this Section 6(f)(ii).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(g)&nbsp;The Company&rsquo;s obligations under Section 6(f)(ii) shall be conditioned upon (i) the Executive providing, upon reasonable
written request by the Company, three (3) months of consulting/transition services (not to exceed ten (10) hours per week) following
the Termination Date; and (ii) the Executive or the Executive&rsquo;s representative executing, delivering, and not revoking during
the applicable revocation period a waiver and release of claims against the Company and Holdings, substantially in the form attached
as Exhibit E (the &ldquo;<U>Release</U>&rdquo;), within sixty (60) days following the Termination Date; <U>provided</U> that the
Company&rsquo;s General Counsel may waive such requirement in the case of the Executive&rsquo;s death.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(h)&nbsp;Notwithstanding anything contained in this Agreement, under no circumstances shall the Company or Holdings be considered
to have breached this Agreement or to have terminated the Executive&rsquo;s employment with or without Cause, or shall a Good Reason
event be deemed to have occurred, solely as a result of Holdings merging with and/or into, or otherwise effecting a business combination
with, the Company, Liberty Media Corporation, any Qualified Distribution Transferee (as defined in the Investment Agreement, dated
as of February 17, 2009, between Holdings and Liberty Radio LLC, as amended) or any of their respective wholly-owned subsidiaries,
or any entity wholly-owned jointly by any of the foregoing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(i)&nbsp;Notwithstanding any provisions of this Agreement to the contrary, if the Executive is a &ldquo;specified employee&rdquo;
(within the meaning of Section 409A and determined pursuant to policies adopted by the Company and Holdings) at the time of the
Executive&rsquo;s Separation from Service and if any portion of the payments or benefits to be received by the Executive upon Separation
from Service would be considered deferred compensation under Section 409A (&ldquo;<U>Nonqualified Deferred Compensation</U>&rdquo;),
amounts that would otherwise be payable pursuant to this Agreement during the six (6)-month period immediately following the Executive&rsquo;s
Separation from Service that constitute Nonqualified Deferred Compensation and benefits that would otherwise be provided pursuant
to this Agreement during the six (6)-month period immediately following the Executive&rsquo;s Separation from Service that constitute
Nonqualified Deferred Compensation will instead be paid or made available on the earlier of (x) the first (1<SUP>st</SUP>) business
day of the seventh (7<SUP>th</SUP>) month following the date of the Executive&rsquo;s Separation from Service and (y) the Executive&rsquo;s
death.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(j)&nbsp;Following the termination of the Executive&rsquo;s employment for any reason, if and to the extent requested by the Board,
the Executive agrees to resign, as may then be applicable, from all fiduciary positions (including, without limitation, as trustee)
and all other offices and positions the Executive holds with the Company, Holdings or any of their respective affiliates; <U>provided</U>
that if the Executive refuses to tender the Executive&rsquo;s resignation after the </P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"> Board has made such request, then the Board
will be empowered to remove the Executive from such offices and positions.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(k)&nbsp;Notwithstanding anything to the contrary in this Agreement or in any other agreement between the Executive, the Company,
and/or Holdings, and/or any of their respective affiliates, if the Executive&rsquo;s employment is terminated as a result of the
expiration of the Term on the Term End Date, the Executive may then exercise any vested stock options until the first (1<SUP>st</SUP>)
anniversary of the Term End Date (at which time such stock options shall be cancelled), but not later than the applicable option
expiration date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">7.&nbsp;<U>Nondisclosure of Confidential Information</U>. (a) The Executive acknowledges that in the course of the Executive&rsquo;s
employment the Executive will occupy a position of trust and confidence. The Executive shall not, except in connection with the
performance of the Executive&rsquo;s functions in accordance with this Agreement or as required by applicable law, or as required
in proceedings to enforce or defend the Executive&rsquo;s rights under this Agreement or any other written agreement between the
Executive and the Company and/or Holdings, disclose to others or use, directly or indirectly, any Confidential Information.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(b)&nbsp;&ldquo;<U>Confidential Information</U>&rdquo;
shall mean information about the Company&rsquo;s and/or Holdings&rsquo; (and their respective affiliates&rsquo;) business and operations
that is not disclosed by the Company and/or Holdings (or their respective affiliates) for financial reporting purposes and that
was learned by the Executive in the course of the Executive&rsquo;s employment by the Company and/or Holdings, including, without
limitation, any business plans, programming plans and/or concepts, product plans, strategy, budget information, proprietary knowledge,
patents, trade secrets, data, formulae, sketches, notebooks, blueprints, information and client and customer lists and all papers
and records (including but not limited to computer records) of the documents containing such Confidential Information, other than
information that is publicly disclosed by the Company and/or Holdings (or their respective affiliates) in writing. The Executive
acknowledges that such Confidential Information is specialized, unique in nature and of great value to the Company and/or Holdings,
and that such information gives the Company and/or Holdings a competitive advantage. The Executive agrees to deliver or return
to the Company, at the Company&rsquo;s request at any time or upon termination or expiration of the Executive&rsquo;s employment
or as soon as possible thereafter, all documents, computer tapes and disks, records, lists, data, drawings, prints, notes and written
information (and all copies thereof) furnished by or on behalf of the Company and/or Holdings or prepared by the Executive in the
course of the Executive&rsquo;s employment by the Company and/or Holdings; <U>provided</U> that the Executive will be able to keep
the Executive&rsquo;s cell phones, personal computers, personal contact list and the like so long as any Confidential Information
is removed from such items.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(c)&nbsp;Nothing in this Agreement will preclude,
prohibit or restrict the Executive from (i)&nbsp;communicating with any federal, state or local administrative or regulatory agency
or authority, including but not limited to the Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;); (ii)&nbsp;participating
or cooperating in any investigation conducted by any governmental agency or authority; or (iii)&nbsp;filing a charge of discrimination
with the United States Equal Employment Opportunity Commission or any other federal state or local administrative agency or regulatory
authority. Nothing in this Agreement, or any other agreement between the parties, prohibits or is intended in any manner to prohibit,
the Executive from (A)&nbsp;reporting a possible violation of</P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"> federal or other applicable law or regulation to any governmental
agency or entity, including but not limited to the Department of Justice, the SEC, the U.S. Congress, and any governmental agency
Inspector General, or (B)&nbsp;making other disclosures that are protected under whistleblower provisions of federal law or regulation.
This Agreement does not limit the Executive&rsquo;s right to receive an award (including, without limitation, a monetary reward)
for information provided to the SEC. The Executive does not need the prior authorization of anyone at the Company to make any such
reports or disclosures, and the Executive is not required to notify the Company that the Executive has made such reports or disclosures.
Nothing in this Agreement or any other agreement or policy of the Company is intended to interfere with or restrain the immunity
provided under 18 U.S.C. &sect;1833(b). The Executive cannot be held criminally or civilly liable under any federal or state trade
secret law for the disclosure of a trade secret that is made (I) (x) in confidence to federal, state or local government officials,
directly or indirectly, or to an attorney, and (y)&nbsp;for the purpose of reporting or investigating a suspected violation of
law; (II)&nbsp;in a complaint or other document filed in a lawsuit or other proceeding, if filed under seal; or (III)&nbsp;in connection
with a lawsuit alleging retaliation for reporting a suspected violation of law, if filed under seal and does not disclose the trade
secret, except pursuant to a court order. The provisions of this Section 7(c) are intended to comply with all applicable laws.
If any laws are adopted, amended or repealed after the execution of this Agreement, this Agreement shall be deemed to be amended
to reflect the same.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(d)&nbsp;The provisions of this Section 7 shall survive indefinitely. The Executive&rsquo;s obligations under this Section 7 following
the Executive&rsquo;s termination of employment for Good Reason or by the Company without Cause are expressly conditioned upon,
and subject to, the Company&rsquo;s compliance with its applicable payment obligations, if any, under Section 6.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">8.&nbsp;<U>Covenant Not to Compete</U>. During the Executive&rsquo;s employment with the Company and during the Restricted Period
(as defined below), the Executive shall not, directly or indirectly, enter into the employment of, render services to, or acquire
any interest whatsoever in (whether for the Executive&rsquo;s own account as an individual proprietor, or as a partner, associate,
stockholder, officer, director, consultant, trustee or otherwise), or otherwise assist, any person or entity engaged in any operations
in North America involving the production, creation, syndication, transmission, scheduling, distribution, promotion and/or marketing
of radio entertainment programming (which, for purposes of this Agreement, shall be deemed to include, without limitation, podcasting
and all music, sports, talk and news radio entertainment programming) or the business of telematics or audio advertising sales
and technology, in each case, in competition with the Company (each, a &ldquo;<U>Competitive Activity</U>&rdquo;); <U>provided</U>
that nothing in this Agreement shall prevent the purchase or ownership by the Executive by way of investment of less than five
(5) percent of the shares or equity interest of any corporation or other entity. Without limiting the generality of the foregoing,
the Executive agrees that during the Restricted Period, the Executive shall not call on or otherwise solicit business or assist
others to solicit business from any of the customers of the Company or its affiliates as to any product or service described above
that competes with any product or service provided or marketed by the Company or its affiliates on the Termination Date or upon
expiration of the Term (such date, as applicable, the &ldquo;<U>Milestone Date</U>&rdquo;); <U>provided</U> that general solicitations
that are not specifically targeted to current, former or prospective customers of the Company with respect to such products or
services, and which products or services have not been identified by the Executive </P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">using Confidential Information, shall not be
deemed to be a breach of the immediately preceding sentence. The Executive also agrees that during the Restricted Period the Executive
will not solicit or assist others to solicit the employment of or hire any employee of Holdings, the Company, or their subsidiaries
or Liberty Media Corporation without the prior written consent of the Company. For purposes of this Agreement, the &ldquo;<U>Restricted
Period</U>&rdquo; shall mean a period of one (1) year following the Milestone Date. For purposes of this Agreement, the term &ldquo;radio
entertainment programming&rdquo; shall mean terrestrial radio, satellite radio, podcasting, HD radio, internet radio and other
audio delivered by any means or media, including without limitation terrestrially or by cable, satellite, HD or the internet (which
audio may be coupled with a secondary video component, such as offered on a non-primary basis by the services owned or operated
by Spotify, Apple Music, SoundCloud, Tidal and/or other entities that may in the future provide similar services). &ldquo;<U>Radio
entertainment programming</U>&rdquo; shall not include any programming that is primarily video or designed to be consumed as video,
such as television, movies, the service offered on the Effective Date by YouTube, or other moving visual images delivered by any
means or media. Notwithstanding anything to the contrary in this Section 8, it shall not be a violation of this Section 8 for the
Executive to join a division or business line of a commercial enterprise with multiple divisions or business lines if such division
or business line is not engaged in a Competitive Activity; <U>provided</U> that the Executive performs services solely for such
non-competitive division or business line. The Executive&rsquo;s obligations under this Section 8 during the Restricted Period
are expressly conditioned upon, and subject to, the Company&rsquo;s compliance with its applicable payment obligations, if any,
under Section 6.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">9.&nbsp;<U>Change of Control Provisions</U>. (a) Notwithstanding any other provisions in this Agreement, in the event that any payment
or benefit received or to be received by the Executive (including but not limited to any payment or benefit received in connection
with a change of control of the Company or Holdings or the termination of the Executive&rsquo;s employment, whether pursuant to
the terms of this Agreement or any other plan, program, arrangement or agreement) (all such payments and benefits, together, the
&ldquo;<U>Total Payments</U>&rdquo;) would be subject (in whole or part), to any excise tax imposed under Section 4999 of the Code,
or any successor provision thereto (the &ldquo;<U>Excise Tax</U>&rdquo;), then, after taking into account any reduction in the
Total Payments provided by reason of Section 280G of the Code in such other plan, program, arrangement or agreement, the Company
will reduce the Total Payments to the extent necessary so that no portion of the Total Payments is subject to the Excise Tax (but
in no event to less than zero); <U>provided</U> that the Total Payments will only be reduced if (i) the net amount of such Total
Payments, as so reduced (and after subtracting the net amount of federal, state, municipal, and local income and employment taxes
on such reduced Total Payments and after taking into account the phase out of itemized deductions and personal exemptions attributable
to such reduced Total Payments), is greater than or equal to (ii) the net amount of such Total Payments without such reduction
(but after subtracting the net amount of federal, state, municipal, and local income and employment taxes on such Total Payments
and the amount of Excise Tax to which the Executive would be subject in respect of such unreduced Total Payments and after taking
into account the phase out of itemized deductions and personal exemptions attributable to such unreduced Total Payments).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(b)&nbsp;In the case of a reduction in the
Total Payments, the Total Payments will be reduced in the following order: (i) payments that are payable in cash that are valued
at full value under Treasury Regulation Section 1.280G-1, Q&amp;A 24(a) will be reduced (if necessary, to</P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"> zero), with amounts that
are payable last reduced first; (ii) payments and benefits due in respect of any equity valued at full value under Treasury Regulation
Section 1.280G-1, Q&amp;A 24(a), with the highest values reduced first (as such values are determined under Treasury Regulation
Section 1.280G-1, Q&amp;A 24), will next be reduced; (iii) payments that are payable in cash that are valued at less than full
value under Treasury Regulation Section 1.280G-1, Q&amp;A 24, with amounts that are payable last reduced first, will next be reduced;
(iv) payments and benefits due in respect of any equity valued at less than full value under Treasury Regulation Section 1.280G-1,
Q&amp;A 24, with the highest values reduced first (as such values are determined under Treasury Regulation Section 1.280G-1, Q&amp;A
24), will next be reduced; and (v) all other non-cash benefits not otherwise described in clauses (ii) or (iv) will be next reduced
pro-rata. Any reductions made pursuant to each of clauses (i)-(v) above will be made in the following manner: first, a pro-rata
reduction of cash payment and payments and benefits due in respect of any equity not subject to Section 409A, and second, a pro-rata
reduction of cash payments and payments and benefits due in respect of any equity subject to Section 409A as deferred compensation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(c)&nbsp;For purposes of determining whether
and the extent to which the Total Payments will be subject to the Excise Tax: (i) no portion of the Total Payments the receipt
or enjoyment of which the Executive shall have waived at such time and in such manner as not to constitute a &ldquo;payment&rdquo;
within the meaning of Section 280G(b) of the Code will be taken into account; (ii) no portion of the Total Payments will be taken
into account which, in the opinion of tax counsel (&ldquo;<U>Tax Counsel</U>&rdquo;) reasonably acceptable to the Executive and
selected by the accounting firm which was, immediately prior to the change of control, the Company&rsquo;s independent auditor
(the &ldquo;<U>Auditor</U>&rdquo;), does not constitute a &ldquo;parachute payment&rdquo; within the meaning of Section 280G(b)(2)
of the Code (including, without limitation, by reason of Section 280G(b)(4)(A) of the Code) and, in calculating the Excise Tax,
no portion of such Total Payments will be taken into account which, in the opinion of Tax Counsel, constitutes reasonable compensation
for services actually rendered, within the meaning of Section 280G(b)(4)(B) of the Code (including, without limitation, any portion
of such Total Payments equal to the value of the covenant included in Section 8, as determined by the Auditor or such other accounting,
consulting or valuation firm selected by the Company prior to the change of control and reasonably acceptable to the Executive),
in excess of the &ldquo;base amount&rdquo; (as set forth in Section 280G(b)(3) of the Code) that is allocable to such reasonable
compensation; and (iii) the value of any non-cash benefit or any deferred payment or benefit included in the Total Payments will
be determined by the Auditor in accordance with the principles of Sections 280G(d)(3) and (4) of the Code.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(d)&nbsp;At the time that payments are made under this Agreement,
the Company will provide the Executive with a written statement setting forth the manner in which such payments were calculated
and the basis for such calculations, including but not limited to any opinions or other advice the Company or Holdings received
from Tax Counsel, the Auditor, or other advisors or consultants (and any such opinions or advice which are in writing will be attached
to the statement). If the Executive objects to the Company&rsquo;s calculations, the Company will pay to the Executive such portion
of the Total Payments (up to 100% thereof) as the Executive determines is necessary to result in the proper application of this
Section 9. All determinations required by this Section 9 (or requested by either the Executive or the Company in connection with
this Section 9) will be at the expense of the Company. The fact that the </P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Executive&rsquo;s right to payments or benefits may be
reduced by reason of the limitations contained in this Section 9 will not of itself limit or otherwise affect any other rights
of the Executive under this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(e)&nbsp;If the Executive receives reduced payments and benefits
by reason of this Section 9 and it is established pursuant to a determination of a court which is not subject to review or as to
which the time to appeal has expired, or pursuant to an Internal Revenue Service proceeding, that the Executive could have received
a greater amount without resulting in any Excise Tax, then the Company shall thereafter pay the Executive the aggregate additional
amount which could have been paid without resulting in any Excise Tax as soon as reasonably practicable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">10.&nbsp;<U>Remedies</U>. The Executive and the Company agree that damages for breach of any of the covenants under Sections 7 and
8 will be difficult to determine and inadequate to remedy the harm which may be caused thereby, and therefore consent that these
covenants may be enforced by temporary or permanent injunction without the necessity of bond. The Executive believes, as of the
date of this Agreement, that the provisions of this Agreement are reasonable and that the Executive is capable of gainful employment
without breaching this Agreement. However, should any court or arbitrator decline to enforce any provision of Section 7 or 8, this
Agreement shall, to the extent applicable in the circumstances before such court or arbitrator, be deemed to be modified to restrict
the Executive&rsquo;s competition with the Company to the maximum extent of time, scope and geography which the court or arbitrator
shall find enforceable, and such provisions shall be so enforced.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">11.&nbsp;<U>Indemnification</U>. Notwithstanding anything herein to the contrary, the Company shall indemnify the Executive, both
during and after the Term, to the full extent provided in the Company&rsquo;s and Holdings&rsquo; respective Certificates of Incorporation
and Bylaws and the law of the State of Delaware in connection with the Executive&rsquo;s activities as an officer of the Company
and Holdings, which shall survive the termination of the Executive&rsquo;s employment with the Company or the Term of this Agreement
for any reason.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">12.&nbsp;<U>Entire Agreement</U>. The provisions contained herein constitute the entire agreement between the parties with respect
to the subject matter hereof and supersede any and all prior agreements, understandings and communications between the parties,
oral or written, with respect to such subject matter, including without limitation the Prior Agreement, but excluding any equity
award agreements between the Executive and the Company and/or Holdings. Nothing herein is intended to supersede or waive obligations
of the Executive to comply with any assignment of invention provisions applicable to the Executive under the Code of Ethics or
any assignment of invention agreement(s) between the Company and/or Holdings and the Executive.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">13.&nbsp;<U>Modification</U>. Any waiver, alteration, amendment or modification of any provisions of this Agreement shall not be
valid unless in writing and signed by both the Executive and the Company.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">14.&nbsp;<U>Severability</U>. If any provision of this Agreement shall be declared to be invalid or unenforceable, in whole or in
part, such invalidity or unenforceability shall not affect the remaining provisions hereof, which shall remain in full force and
effect.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">15.&nbsp;<U>Assignment</U>. The Executive may not assign any of the Executive&rsquo;s rights or delegate any of the Executive&rsquo;s
duties hereunder without the prior written consent of the Company. The Company may not assign any of its rights or delegate any
of its obligations hereunder without the prior written consent of the Executive, except that any successor to the Company and/or
Holdings by merger or purchase of all or substantially all of the Company&rsquo;s or Holdings&rsquo; assets shall assume this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">16.&nbsp;<U>Binding Effect</U>. This Agreement shall be binding upon and inure to the benefit of the successors in interest of the
Executive and the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">17.&nbsp;<U>Notices</U>. All notices and other communications required or permitted hereunder shall be made in writing and shall
be deemed effective when delivered personally or transmitted by facsimile transmission if received at the recipient&rsquo;s location
during normal business hours or otherwise on the next business day, one (1) business day after deposit with a nationally recognized
overnight courier (with next day delivery specified) and five (5) days after mailing by registered or certified mail:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 110pt">&nbsp;</TD>
    <TD>if to the Company:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Sirius XM Radio Inc.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>1221 Avenue of the Americas</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>35<SUP>th</SUP> Floor</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>New York, New York 10020&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Attention:&nbsp;General Counsel</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Telecopier:&nbsp;(212) 584-5353</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>if to the Executive:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Address on file at the offices</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>of the Company</TD></TR>
</TABLE>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt"></P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 144pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">or to such other person or address as either party shall furnish
in writing to the other party from time to time.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">18.&nbsp;<U>Governing Law</U>. This Agreement shall be governed by and construed in accordance with the laws of the State of New
York applicable to contracts made and to be performed entirely within the State of New York.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">19.&nbsp;<U>Non-Mitigation</U>. The Executive shall not be required to mitigate damages or seek other employment in order to receive
compensation or benefits under Section 6; nor shall the amount of any benefit or payment provided for under Section 6 be reduced
by any compensation earned by the Executive as the result of employment by another employer.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">20.&nbsp;<U>Arbitration</U>. (a)&nbsp;The Executive and the Company agree that if a dispute arises concerning or relating to
the Executive&rsquo;s employment with the Company and/or Holdings, or the termination of the Executive&rsquo;s employment, such
dispute shall be submitted to binding </P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">arbitration under the rules of the American Arbitration Association regarding resolution
of employment disputes in effect at the time such dispute arises. The arbitration shall take place in New York, New York, before
a single experienced arbitrator licensed to practice law in New York and selected in accordance with the American Arbitration Association
rules and procedures. Except as provided below, the Executive and the Company agree that this arbitration procedure will be the
exclusive means of redress for any disputes relating to or arising from the Executive&rsquo;s employment with the Company and/or
Holdings or the Executive&rsquo;s termination, including but not limited to disputes over rights provided by federal, state, or
local statutes, regulations, ordinances, and common law, including all laws that prohibit discrimination based on any protected
classification. <B>The parties expressly waive the right to a jury trial, and agree that the arbitrator&rsquo;s award shall be
final and binding on both parties, and shall not be appealable.</B> The arbitrator shall have the discretion to award monetary
and other damages, and any other relief that the arbitrator deems appropriate and is allowed by law. The arbitrator shall also
have the discretion to award the prevailing party reasonable costs and attorneys&rsquo; fees incurred in bringing or defending
an action, and shall award such costs and fees to the Executive in the event the Executive prevails on the merits of any action
brought hereunder.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(b)&nbsp;The Company shall pay the cost of any
arbitration proceedings under this Agreement if the Executive prevails in such arbitration on at least one substantive issue.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(c)&nbsp;The Company and the Executive agree that
the sole dispute that is excepted from Section 20(a) is an action seeking injunctive relief from a court of competent jurisdiction
regarding enforcement and application of Sections 7, 8 or 10, which action may be brought in addition to, or in place of, an arbitration
proceeding in accordance with Section 20(a).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">21.&nbsp;<U>Compliance with Section 409A</U>. (a)&nbsp;To the extent applicable, it is intended that the compensation arrangements
under this Agreement be in full compliance with Section 409A (it being understood that certain compensation arrangements under
this Agreement are intended not to be subject to Section 409A). This Agreement shall be construed, to the maximum extent permitted,
in a manner to give effect to such intention. Notwithstanding anything in this Agreement to the contrary, distributions upon termination
of the Executive&rsquo;s employment that constitute Nonqualified Deferred Compensation may only be made upon a Separation from
Service. Neither the Company nor any of its affiliates shall have any obligation to indemnify or otherwise hold the Executive harmless
from any or all such taxes, interest or penalties, or liability for any damages related thereto. The Executive acknowledges that
the Executive has been advised to obtain independent legal, tax or other counsel in connection with Section 409A.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(b)&nbsp;With respect to any amount of expenses
eligible for reimbursement under this Agreement, such expenses will be reimbursed by the Company within thirty (30) days following
the date on which the Company receives the applicable invoice from the Executive in accordance with the Company&rsquo;s expense
reimbursement policies, but in no event later than the last day of the Executive&rsquo;s taxable year following the taxable year
in which the Executive incurs the related expenses. In no event will the reimbursements or in-kind benefits to be provided by the
Company in one taxable year affect the amount of reimbursements or in-kind benefits to be </P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">provided in any other taxable year, nor
will the Executive&rsquo;s right to reimbursement or in-kind benefits be subject to liquidation or exchange for another benefit.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">(c)&nbsp;Each payment under this Agreement shall be regarded as a &ldquo;separate payment&rdquo; and not one of a series of payments
for purposes of Section 409A.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">22.&nbsp;<U>Counterparts</U>. This Agreement may be executed in counterparts, all of which shall be considered one and the same agreement,
and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other party.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">23.&nbsp;<U>Executive&rsquo;s Representation</U>. The Executive hereby represents and warrants to the Company that the Executive
is not now under any contractual or other obligation that is inconsistent with or in conflict with this Agreement or that would
prevent, limit, or impair the Executive&rsquo;s performance of the Executive&rsquo;s obligations under this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">24.&nbsp;<U>Survivorship</U>. Upon the expiration or other termination of the Term of this Agreement or the Executive&rsquo;s employment
with the Company, the respective rights and obligations of the parties hereto shall survive to the extent necessary to carry out
the intentions of the parties under this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">25.&nbsp;<U>Clawback Provisions</U>. Notwithstanding any other provision of this Agreement to the contrary, any cash incentive compensation
received by the Executive (including any restricted stock, restricted stock units, stock options or equity-based compensation granted
and/or shares issued with respect thereto, and/or any amount received with respect to any sale of any such shares) shall be subject
to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Company&rsquo;s
Clawback Policy, as it may be amended from time to time (the &ldquo;<U>Policy</U>&rdquo;). The Executive agrees and consents to
the Company&rsquo;s application, implementation and enforcement of (a) the Policy, or any similar policy established by the Company
that may apply to the Executive, and (b) any provision of applicable law, rule, or regulation of a securities exchange relating
to cancellation, rescission, payback or recoupment of compensation, and expressly agrees that the Company may take such actions
as are necessary to effectuate the Policy, any similar policy (as applicable to the Executive) or applicable law, rule, or regulation
of a securities exchange without further consent or action being required by the Executive. To the extent that the terms of this
Agreement and the Policy or any similar policy conflict, then the terms of such policy shall prevail.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the date first above written.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">SIRIUS XM RADIO INC.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 1%">By:&nbsp;&nbsp;</TD>
    <TD STYLE="width: 49%; border-bottom: Black 1px solid">/s/ Faye Tylee</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Faye Tylee</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief People + Culture Officer</TD>
    </TR>

<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">/s/ Scott A. Greenstein</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>SCOTT A. GREENSTEIN</TD>
    </TR>
</TABLE>





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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><U>Exhibit A</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIRIUS XM HOLDINGS INC. 2015 LONG-TERM
STOCK INCENTIVE PLAN</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>STOCK OPTION AGREEMENT</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">This STOCK OPTION AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;),
dated [____], 2024 (the &ldquo;<U>Grant Date</U>&rdquo;), is between SIRIUS XM HOLDINGS INC., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;),
and SCOTT A. GREENSTEIN (the &ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">1. <U>Grant of Option; Vesting</U>. (a)
Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the &ldquo;Plan&rdquo;),
and the Employment Agreement, dated as of April 17, 2024, between Sirius XM Radio Inc. (&ldquo;<U>Sirius XM</U>&rdquo;) and the
Executive (the &ldquo;<U>Employment Agreement</U>&rdquo;), the Company hereby grants to the Executive the right and option (this
&ldquo;<U>Option</U>&rdquo;) to purchase [____] shares<SUP>1</SUP> of common stock, par value $0.001 per share, of the Company
(the &ldquo;<U>Shares</U>&rdquo;), at a price per Share of $ [<U>___</U>] (the &ldquo;<U>Exercise Price</U>&rdquo;).<SUP>2</SUP>
This Option is not intended to qualify as an Incentive Stock Option for purposes of Section 422 of the Internal Revenue Code of
1986, as amended. In the case of any stock split, stock dividend or like change in the Shares occurring after the date hereof,
the number of Shares and the Exercise Price shall be adjusted as set forth in Section 4(b) of the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(b) Subject to the terms of this Agreement, this Option shall vest and become exercisable in three (3) equal installments on
(i) May 26, 2025; (ii) May 25, 2026 and (iii) May 24, 2027, subject to the Executive&rsquo;s continued employment with Sirius XM
on each of these dates, other than as specifically stated herein.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(c) If the Executive&rsquo;s employment
with Sirius XM terminates for any reason, this Option, to the extent not then vested, shall immediately terminate without
consideration; <U>provided</U><I> </I>that if the Executive&rsquo;s employment with Sirius XM is terminated (x) due to death
or &ldquo;Disability&rdquo; (as defined in the Employment Agreement), (y) by Sirius XM without &ldquo;Cause&rdquo; (as
defined in the Employment Agreement), or (z) by the Executive for &ldquo;Good Reason&rdquo; (as defined in the Employment
Agreement), then the unvested portion of this Option, to the extent not previously cancelled or forfeited, shall immediately
become vested and exercisable. In order for the Executive to receive any accelerated vesting pursuant to this Section 1(c),
the Executive must execute a release in accordance with Section 6(g) of the Employment Agreement (except that the
Company&rsquo;s General Counsel may waive such requirement in the case of the Executive&rsquo;s death).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">2. <U>Term</U>. This Option shall terminate on [__], 2034 (the <U>Option Expiration Date</U>&rdquo;); <U>provided</U>
that if:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(a) the Executive&rsquo;s employment with Sirius XM is terminated due to the Executive&rsquo;s death or Disability, by Sirius
XM without Cause, by the Executive for Good Reason, or as a result of a termination of the Executive&rsquo;s employment upon the
Term End Date, the Executive may exercise this Option in full until the first (1<SUP>st</SUP>) anniversary of such termination
(at which time this Option shall be cancelled), but not later than the Option Expiration Date;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

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<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%"><SUP>1</SUP></TD>
    <TD STYLE="width: 98%">Number to be computed in accordance with Section 4(b)(i) of the Employment Agreement.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><SUP>2</SUP></TD>
    <TD>Closing price on the Grant Date.</TD></TR>
</TABLE>
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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(b) the Executive&rsquo;s employment
with Sirius XM is terminated for Cause, this Option shall be cancelled upon the date of such termination; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(c) the Executive voluntarily
terminates the Executive&rsquo;s employment with Sirius XM without Good Reason, the Executive may exercise any vested portion
of this Option until ninety (90) days following the date of such termination (at which time this Option shall be cancelled),
but not later than the Option Expiration Date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">3. <U>Exercise</U>. Subject to Sections
1 and 2 of this Agreement and the terms of the Plan, this Option may be exercised, in whole or in part, in accordance with
Section 6 of the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">4. <U>Change of Control</U>.
Notwithstanding the foregoing provisions, in the event of a Change of Control, this Option shall be governed by the terms of
the Plan; <U>provided</U> that any transactions between the Company, Sirius XM and/or any of their respective wholly-owned
subsidiaries, on the one hand, and Liberty Media Corporation, any Qualified Distribution Transferee (as defined in the
Investment Agreement, dated as of February 17, 2009, between the Company and Liberty Radio LLC, as amended) and/or any of
their respective wholly-owned subsidiaries, on the other hand, shall not constitute a Change of Control under the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">5. <U>Non-transferable</U>. This Option
may not be transferred, assigned, pledged or hypothecated in any manner (whether by operation of law or otherwise) other than
by will or by the applicable laws of descent and distribution, and shall not be subject to execution, attachment or similar
process. Any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Option or of any right or
privilege conferred hereby shall be null and void. In the event of the Executive&rsquo;s death, any amounts owed to the
Executive hereunder shall instead be paid to the Executive&rsquo;s designated beneficiary (or, if none, to the
Executive&rsquo;s estate).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">6. <U>Withholding</U>. Prior to
delivery of the Shares purchased upon exercise of this Option, the Company shall determine the amount of any United States
federal, state and local income taxes, if any, which are required to be withheld under applicable law and shall, as a
condition of exercise of this Option and delivery of the Shares purchased upon exercise of this Option, collect from the
Executive the amount of any such tax to the extent not previously withheld. The Executive may satisfy the Executive&rsquo;s
withholding obligations in the manner contemplated by Section 16(e) of the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">7. <U>No Rights of a Stockholder</U>.
The Executive shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares purchased
upon exercise of this Option have been issued.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">8. <U>Rights of the Executive</U>.
Neither this Option, the execution of this Agreement nor the exercise of any portion of this Option shall confer upon the
Executive any right to, or guarantee of, continued employment with Sirius XM or any of its subsidiaries or affiliates, or in
any way limit the right of Sirius XM or any of its subsidiaries or affiliates to terminate the Executive&rsquo;s employment
at any time, subject to the terms of the Employment Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">9. <U>Professional Advice</U>. The
acceptance and exercise of this Option may have consequences under federal and state tax and securities laws that may vary
depending upon the individual circumstances of the Executive. Accordingly, the Executive acknowledges that the</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"> Executive has
been advised to consult with the Executive&rsquo;s personal legal and tax advisors in connection with this Agreement and this
Option.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">10. <U>Agreement Subject to the
Plan</U>. This Option and this Agreement are subject to the terms and conditions set forth in the Plan, which terms and
conditions are incorporated herein by reference. Capitalized terms used herein but not otherwise defined shall have the same
meanings as in the Plan. The Executive acknowledges that a copy of the Plan is posted on Sirius XM&rsquo;s intranet site and
the Executive agrees to review it and comply with its terms. This Agreement, the Employment Agreement and the Plan constitute
the entire understanding between or among the Company, Sirius XM and the Executive with respect to this Option. In the event
of any conflict between this Agreement and the Plan, the Plan shall govern and prevail.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">11. <U>Governing Law</U>. This
Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, and shall bind and inure
to the benefit of the heirs, executors, personal representatives, successors and assigns of the parties hereto. Any disputes
arising from or relating to this Agreement shall be subject to arbitration pursuant to Section 20 of the Employment
Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">12. <U>Notices</U>. All notices and
other communications hereunder shall be in writing and shall be deemed given when delivered personally or when telecopied
(with confirmation of transmission received by the sender), three (3) business days after being sent by certified mail,
postage prepaid, return receipt requested or one (1) business day after being delivered to a nationally recognized overnight
courier with next day delivery specified to the parties at the following addresses (or at such other address for a party as
shall be specified by like notice):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 72pt">Company:</TD><TD>Sirius XM Holdings Inc.<BR>
1221 Avenue of the Americas<BR>
35<SUP>th</SUP> Floor<BR>
New York, New York 10020</TD></TR>                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Attention:</TD><TD>General Counsel</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Executive:</TD><TD>Address on file at the<BR>
office of Sirius XM</TD></TR>
</TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0pt">Notices sent by email or other electronic
means not specifically authorized by this Agreement shall not be effective for any purpose of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">13. <U>Binding Effect</U>. This
Agreement constitutes the legal, valid and binding obligation of the Company enforceable against the Company in accordance
with its terms.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">14. <U>Amendment</U>. The rights of the
Executive hereunder may not be impaired by any amendment, alteration, suspension, discontinuance or termination of the Plan or
this Agreement without the Executive&rsquo;s consent.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">15. <U>Clawback Provisions</U>.
Notwithstanding any other provision of this Agreement to the contrary, any cash incentive compensation received by the
Executive (including any restricted stock, restricted stock units, stock options or equity-based compensation granted and/or</P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">
shares issued with respect thereto, and/or any amount received with respect to any sale of any such shares) shall be subject
to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the
Company&rsquo;s Clawback Policy, as it may be amended from time to time (the &ldquo;<U>Policy</U>&rdquo;). The Executive
agrees and consents to the Company&rsquo;s application, implementation and enforcement of (a) the Policy, or any similar
policy established by the Company that may apply to the Executive, and (b) any provision of applicable law, rule, or
regulation of a securities exchange relating to cancellation, rescission, payback or recoupment of compensation, and
expressly agrees that the Company may take such actions as are necessary to effectuate the Policy, any similar policy (as
applicable to the Executive) or applicable law, rule, or regulation of a securities exchange without further consent or
action being required by the Executive. To the extent that the terms of this Agreement and the Policy or any similar
policy conflict, then the terms of such policy shall prevail.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">IN WITNESS WHEREOF, the undersigned have
executed this Agreement as of the date first above written.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-left: 5pt">SIRIUS XM HOLDINGS INC.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5pt">By:</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 45%">Faye Tylee<BR>
 Chief People + Culture Officer</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 45%">SCOTT A. GREENSTEIN</TD>
    <TD STYLE="width: 3%">&nbsp;</TD></TR>
</TABLE>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><U>Exhibit B</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIRIUS XM HOLDINGS INC.</B><BR>
<B>2015 LONG-TERM STOCK INCENTIVE PLAN</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESTRICTED STOCK UNIT AGREEMENT</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">This RESTRICTED STOCK UNIT AGREEMENT (this
&ldquo;<U>Agreement</U>&rdquo;), dated [_____], 2024 (the &ldquo;<U>Grant Date</U>&rdquo;), is between SIRIUS XM HOLDINGS INC.,
a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), and SCOTT A. GREENSTEIN (the &ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 21.6pt 0pt 0; text-indent: 36pt">1. <U>Grant of RSUs</U>. Subject
to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the &ldquo;<U>Plan</U>&rdquo;),
and the Employment Agreement, dated as of April 17, 2024 between Sirius XM Radio Inc. (&ldquo;<U>Sirius XM</U>&rdquo;) and the
Executive (the &ldquo;<U>Employment Agreement</U>&rdquo;), the Company hereby grants [___________]<SUP>3</SUP> restricted
stock units (&ldquo;<U>RSUs</U>&rdquo;) to the Executive. Each RSU represents the unfunded, unsecured right of the Executive to
receive one share of common stock, par value $0.001 per share, of the Company (each, a &ldquo;<U>Share</U>&rdquo;) on the dates
specified in this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 21.6pt 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">2. <U>Dividends</U>. If on any date
while RSUs are outstanding the Company shall pay any dividend on the Shares (other than a dividend payable in Shares), the
number of RSUs granted to the Executive shall, as of the record date for such dividend payment, be increased by a number of
RSUs equal to: (a) the product of (x) the number of RSUs held by the Executive as of such record date, multiplied by (y) the
per Share amount of any cash dividend (or, in the case of any dividend payable, in whole or in part, other than in cash, the
per Share value of such dividend, as determined in good faith by the Company), divided by (b) the average closing price of a
Share on the Nasdaq Global Select Market on the twenty (20) trading days preceding, but not including, such record date. In
the case of any dividend declared on Shares that is payable in the form of Shares, the number of RSUs granted to the
Executive shall be increased by a number equal to the product of (1) the aggregate number of RSUs held by the Executive on
the record date for such dividend, multiplied by (2) the number of Shares (including any fraction thereof) payable as a
dividend on a Share. In the case of any other change in the Shares occurring after the date hereof, the number of RSUs shall
be adjusted as set forth in Section 4(b) of the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">3. <U>Issuance of Shares subject to
RSUs</U>. (a) Subject to earlier issuance pursuant to the terms of this Agreement or the Plan, (i) on May 26, 2025, the
Company shall issue, or cause there to be transferred, to the Executive [____] Shares representing an equal number of RSUs
granted to the Executive under this Agreement (as adjusted pursuant to Section 2, if applicable), (ii) on May 25, 2026, the
Company shall issue, or cause there to be transferred, to the Executive [_____] Shares, representing an equal number of RSUs
granted to the Executive under this Agreement (as adjusted pursuant to Section 2, if applicable), and (iii) on May 24, 2027,
the Company shall issue, or cause there to be transferred, to the Executive [_____] Shares, representing an equal number of
RSUs granted to the Executive under this Agreement (as adjusted pursuant to Section 2, if applicable), in each case, if the
Executive continues to be employed with Sirius XM on each of these dates, other than as specifically stated herein.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT"><DIV STYLE="font-size: 1pt; border-top: Black 1px solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%"><SUP>3</SUP></TD>
    <TD STYLE="width: 98%">Number to be determined in accordance with Section 4(b)(ii) of the Employment Agreement.</TD></TR>
</TABLE>
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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(b) If the Executive&rsquo;s employment
with Sirius XM terminates for any reason, the RSUs shall immediately terminate without consideration; <U>provided</U> that if
the Executive&rsquo;s employment with Sirius XM is terminated (x) due to death or &ldquo;Disability&rdquo; (as defined in the
Employment Agreement), (y) by Sirius XM without &ldquo;Cause&rdquo; (as defined in the Employment Agreement), or (z) by the
Executive for &ldquo;Good Reason&rdquo; (as defined in the Employment Agreement), the RSUs, to the extent not previously
settled, cancelled or forfeited, shall immediately become vested and the Company shall issue, or cause there to be
transferred, to the Executive the amount of Shares equal to the number of RSUs granted to the Executive under this Agreement
(to the extent not previously transferred, cancelled or forfeited), as adjusted pursuant to Section 2, if applicable. In
order for the Executive to receive any accelerated vesting pursuant to this Section 3(b), the Executive must execute a
release in accordance with Section 6(g) of the Employment Agreement (except that the Company&rsquo;s General Counsel may
waive such requirement in the case of the Executive&rsquo;s death).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">4. <U>Change of Control</U>.
Notwithstanding the foregoing provisions, in the event of a Change of Control, the RSUs shall be governed by the terms of the
Plan; <U>provided</U> that any transactions between the Company, Sirius XM and/or any of their respective wholly-owned
subsidiaries, on the one hand, and Liberty Media Corporation, any Qualified Distribution Transferee (as defined in the
Investment Agreement, dated as of February 17, 2009, between the Company and Liberty Radio LLC, as amended) and/or any of
their respective wholly-owned subsidiaries, on the other hand, shall not constitute a Change of Control under the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">5. <U>Non-transferable</U>. The RSUs
may not be transferred, assigned, pledged or hypothecated in any manner (whether by operation of law or otherwise) other than
by will or by the applicable laws of descent and distribution, and shall not be subject to execution, attachment or similar
process. Any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of RSUs or of any right or privilege
conferred hereby shall be null and void. In the event of the Executive&rsquo;s death, any amounts owed to the Executive
hereunder shall instead be paid to the Executive&rsquo;s designated beneficiary (or, if none, to the Executive&rsquo;s
estate).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">6. <U>Withholding</U>. Prior to
delivery of the Shares pursuant to this Agreement, the Company shall determine the amount of any United States federal, state
and local income taxes, if any, which are required to be withheld under applicable law and shall, as a condition of delivery
of the Shares pursuant to this Agreement, collect from the Executive the amount of any such tax to the extent not previously
withheld in any manner permitted by the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">7. <U>No Rights of a Stockholder</U>.
The Executive shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares have been
issued. Once a RSU vests and a Share is issued to the Executive pursuant to Section 3, such RSU is no longer considered a RSU
for purposes of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">8. <U>Rights of the Executive</U>.
Neither this Agreement nor the RSUs shall confer upon the Executive any right to, or guarantee of, continued employment with
Sirius XM or any of its subsidiaries or affiliates, or in any way limit the right of Sirius XM or any of its subsidiaries or
affiliates to terminate the Executive&rsquo;s employment at any time, subject to the terms of the Employment Agreement.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">9. <U>Professional Advice</U>. The acceptance
of the RSUs may have consequences under federal and state tax and securities laws that may vary depending upon the individual
circumstances of the Executive. Accordingly, the Executive acknowledges that the Executive has been advised to consult the Executive&rsquo;s
personal legal and tax advisors in connection with this Agreement and the RSUs.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">10. <U>Agreement Subject to the
Plan</U>. This Agreement and the RSUs are subject to the terms and conditions set forth in the Plan, which terms and
conditions are incorporated herein by reference. Capitalized terms used herein but not otherwise defined shall have the same
meanings as in the Plan. The Executive acknowledges that a copy of the Plan is posted on Sirius XM&rsquo;s intranet site and
the Executive agrees to review it and comply with its terms. This Agreement, the Employment Agreement and the Plan constitute
the entire understanding between or among the Company, Sirius XM and the Executive with respect to the RSUs.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">11. <U>Governing Law</U>. This
Agreement shall be governed by, and construed in accordance with, the laws of the State of New&nbsp;York, and shall bind and inure
to the benefit of the heirs, executors, personal representatives, successors and assigns of the parties hereto. Any disputes
arising from or relating to this Agreement shall be subject to arbitration pursuant to Section 20 of the Employment
Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">12. <U>Notices</U>. All notices and
other communications hereunder shall be in writing and shall be deemed given when delivered personally or when telecopied
(with confirmation of transmission received by the sender), three (3) business days after being sent by certified mail,
postage prepaid, return receipt requested or one (1) business day after being delivered to a nationally recognized overnight
courier with next day delivery specified to the parties at the following addresses (or at such other address for a party as
shall be specified by like notice):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 72pt">Company:</TD><TD>Sirius XM Holdings Inc.<BR>
1221 Avenue of the Americas<BR>
35<SUP>th</SUP> Floor<BR>
New York, New York 10020</TD></TR>                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Attention:</TD><TD>General Counsel</TD></TR>

<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 72pt">Executive:</TD><TD>Address on file at the<BR>
office of Sirius XM</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">Notices sent by email or other electronic
means not specifically authorized by this Agreement shall not be effective for any purpose of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">13. <U>Binding Effect</U>. This
Agreement constitutes the legal, valid and binding obligation of the Company enforceable against the Company in accordance
with its terms.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">14. <U>Amendment</U>. The rights of the
Executive hereunder may not be impaired by any amendment, alteration, suspension, discontinuance or termination of the Plan
or this Agreement without the Executive&rsquo;s consent.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">15. <U>Clawback Provisions</U>.
Notwithstanding any other provision of this Agreement to the contrary, any cash incentive compensation received by the
Executive (including any restricted stock, restricted stock units, stock options or equity-based compensation granted and/or
shares issued with respect thereto, and/or any amount received with respect to any sale of any such shares) shall be subject
to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the
Company&rsquo;s Clawback Policy, as it may be amended from time to time (the &ldquo;<U>Policy</U>&rdquo;). The Executive
agrees and consents to the Company&rsquo;s application, implementation and enforcement of (a) the Policy, or any similar
policy established by the Company that may apply to the Executive, and (b) any provision of applicable law, rule, or
regulation of a securities exchange relating to cancellation, rescission, payback or recoupment of compensation, and
expressly agrees that the Company may take such actions as are necessary to effectuate the Policy, any similar policy (as
applicable to the Executive) or applicable law, rule, or regulation of a securities exchange without further consent or
action being required by the Executive. To the extent that the terms of this Agreement and the Policy or any similar
policy conflict, then the terms of such policy shall prevail.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">IN WITNESS WHEREOF, the undersigned have
executed this Agreement as of the date first above written.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-left: 5pt">SIRIUS XM HOLDINGS INC.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5pt">By:</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 45%">Faye Tylee<BR>
 Chief People + Culture Officer</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 45%">SCOTT A. GREENSTEIN</TD>
    <TD STYLE="width: 3%">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><U>Exhibit C</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIRIUS XM HOLDINGS INC.</B><BR>
<B>2015 LONG-TERM STOCK INCENTIVE PLAN</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PERFORMANCE-BASED RESTRICTED STOCK UNIT
AGREEMENT</B><BR>
<B>(FREE CASH FLOW)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">This PERFORMANCE-BASED RESTRICTED STOCK UNIT
AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;), dated [_____], 2024, is between SIRIUS XM HOLDINGS INC., a Delaware corporation
(the &ldquo;<U>Company</U>&rdquo;), and SCOTT A. GREENSTEIN (the &ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">1. <U>Grant of PRSUs</U>. Subject to the
terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the &ldquo;<U>Plan</U>&rdquo;),
and the Employment Agreement dated as of April 17, 2024 between Sirius XM Radio Inc. and the Executive (the &ldquo;<U>Employment
Agreement</U>&rdquo;), the Company hereby grants [_________]<SUP>4</SUP> performance-based restricted stock units (&ldquo;<U>PRSUs</U>&rdquo;)
to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par
value $0.001 per share, of the Company (each, a &ldquo;<U>Share</U>&rdquo;) on the date specified in this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">2. <U>Dividends</U>. If on any date
while PRSUs are outstanding the Company shall pay any dividend on the Shares (other than a dividend payable in Shares), the
number of PRSUs granted to the Executive shall, as of the record date for such dividend payment, be increased by a number of
PRSUs equal to: (a) the product of (x) the number of PRSUs held by the Executive as of such record date, multiplied by (y)
the per Share amount of any cash dividend (or, in the case of any dividend payable, in whole or in part, other than in cash,
the per Share value of such dividend, as determined in good faith by the Company), divided by (b) the average closing price
of a Share on the Nasdaq Global Select Market on the twenty (20) trading days preceding, but not including, such record date.
In the case of any dividend declared on Shares that is payable in the form of Shares, the number of PRSUs granted to the
Executive shall be increased by a number equal to the product of (1) the aggregate number of PRSUs held by the Executive on
the record date for such dividend, multiplied by (2) the number of Shares (including any fraction thereof) payable as a
dividend on a Share. In the case of any other change in the Shares occurring after the date hereof, the number of PRSUs shall
be adjusted as set forth in Section 4(b) of the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">3. <U>Issuance of Shares Subject to
PRSUs</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(a) <I>Performance Metric</I>. All or a
portion of the PRSUs shall be eligible to vest based on the Company&rsquo;s level of achievement of cumulative free cash flow
as set forth in the budgets (the &ldquo;<U>Performance Metric Target</U>&rdquo;) approved by the Company&rsquo;s Board of
Directors (the &ldquo;<U>Board</U>&rdquo;) for the years ending December 31, 2024, December 31, 2025 and December 31, 2026
(together, the &ldquo;<U>Performance Period</U>&rdquo;). The annual free cash flow component for each of 2024, 2025 and 2026
of the Performance Metric Target shall be set at the time such applicable budget is approved by the Board.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

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<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%"><SUP>4</SUP></TD>
    <TD STYLE="width: 98%">Number to be computed in accordance with Section 4(b)(iii) of the Employment Agreement.</TD></TR>
</TABLE>

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    <!-- Field: /Page -->


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">Free cash flow shall be derived from cash
flow provided by operating activities, net of additions to property and equipment, restricted and other investment activity and
the return of capital from investment in unconsolidated entities. The Compensation Committee of the Board shall adjust or modify
the calculation of free cash flow and/or the Performance Metric Target for the Performance Period in accordance with Sections 4(b)
and 12(c) of the Plan, as applicable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(b) <I>Calculation of Shares to be
Issued</I>. No later than sixty (60) days following the end of the Performance Period, the Company shall certify the
Company&rsquo;s level of achievement of the Performance Metric Target (such actual date of certification, the
&ldquo;<U>Certification Date</U>&rdquo;) and determine the number of PRSUs that shall remain eligible to vest, as set forth
below, in accordance with the terms of the Plan and/or this Agreement (such PRSUs, the &ldquo;<U>Eligible
PRSUs</U>&rdquo;):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 36pt">(i) If the Company fails to
achieve at least 80% of the Performance Metric Target, 0% of the PRSUs shall constitute Eligible PRSUs;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 36pt">(ii) Upon achieving 100% or
more of the Performance Metric Target, 100% of the PRSUs shall constitute Eligible PRSUs; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 36pt">(iii) If the Company&rsquo;s
achievement of the Performance Metric Target is at least 80% but less than 100% of the Performance Metric Target, the number
of PRSUs that become Eligible PRSUs shall be determined by straight line interpolation between the thresholds set forth in
subsections (i) and (ii) of this Section 3(b).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0pt">The payout scale set forth above may be modified
in order to increase (but not decrease) the percentage of PRSUs that vest hereunder. Any PRSUs that do not constitute Eligible
PRSUs as of the Certification Date shall be cancelled on the Certification Date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(c) <I>Issuance of Eligible PRSUs</I>.
Subject to the terms of this Agreement and/or the Plan, on May 24, 2027, the Company shall issue, or cause there to be
transferred, to the Executive an amount of Shares representing the Eligible PRSUs (as adjusted pursuant to Section 2 above,
if applicable); <U>provided</U> that the Executive continues to be employed with Sirius XM Radio Inc. or any of its
subsidiaries or affiliates (collectively &ldquo;<U>Sirius XM</U>&rdquo;) through May 24, 2027.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">4. <U>Termination of Employment</U>.
(a) If the Executive&rsquo;s employment with Sirius XM terminates for any reason prior to May 24, 2027, then all of the
PRSUs, including the Eligible PRSUs, shall immediately terminate without consideration;<I> </I><U>provided</U> that if the
Executive&rsquo;s employment with Sirius XM is terminated (x) due to death or &ldquo;<U>Disability</U>&rdquo; (as defined in
the Employment Agreement), (y) by Sirius XM without &ldquo;<U>Cause</U>&rdquo; (as defined in the Employment Agreement), or
(z) by the Executive for &ldquo;<U>Good Reason</U>&rdquo; (as defined in the Employment Agreement) (any such applicable date
of termination, the &ldquo;<U>PRSU Termination Date</U>&rdquo;), then the PRSUs shall be treated in the following manner:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 36pt">(i) if the PRSU Termination
Date occurs on or prior to the end of the Performance Period, then the PRSUs granted to the Executive under this Agreement,
to the extent not previously settled, cancelled or forfeited, shall, subject to Section 4(b), immediately become vested and
the Company shall issue, or cause there to be transferred,</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt"> to the Executive the amount of Shares equal to the number of PRSUs
granted to the Executive under this Agreement, notwithstanding Section 3(b), and as adjusted pursuant to Section 2, if
applicable; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 36pt">(ii) if the PRSU Termination
Date occurs after the last day of the Performance Period, all Eligible PRSUs, to the extent not previously settled, cancelled
or forfeited, shall, subject to Section 4(b), on the Certification Date become vested and the Company shall issue, or cause
there to be transferred, to the Executive the amount of Shares equal to the number of Eligible PRSUs earned pursuant to
Section 3(b), as adjusted pursuant to Section 2, if applicable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(b) In the event the Executive&rsquo;s
employment with Sirius XM terminates due to death or Disability, by Sirius XM without Cause or by the Executive for Good
Reason, the condition in Section 3(c) that the Executive be an employee of Sirius XM shall be waived in order to give effect
to Section 4(a); <U>provided</U> that the Executive executes a release in accordance with Section 6(g) of the Employment
Agreement (except that the Company&rsquo;s General Counsel may waive such requirement in the case of the Executive&rsquo;s
death).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(c) The Company shall issue, or cause
there to be transferred, to the Executive an amount of Shares representing the Eligible PRSUs (as adjusted pursuant to
Section 2, if applicable) as provided in Section 4(a)(i) or (ii), as applicable, on the 60<SUP>th</SUP> day following the
Executive&rsquo;s termination of employment, but in no event later than March 15<SUP>th</SUP> of the year following the year
of such termination of employment.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">5. <U>Change of Control</U>.
Notwithstanding the foregoing provisions, in the event of a Change of Control, the PRSUs shall be governed by the terms of
the Plan; <U>provided</U> that any transactions between the Company, Sirius XM and/or any of their respective wholly-owned
subsidiaries, on the one hand, and Liberty Media Corporation, any Qualified Distribution Transferee (as defined in the
Investment Agreement, dated as of February 17, 2009, between the Company and Liberty Radio LLC, as amended) and/or any of
their respective wholly-owned subsidiaries, on the other hand, shall not constitute a Change of Control under the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">6. <U>Non-transferable</U>. The PRSUs may
not be transferred, assigned, pledged or hypothecated in any manner (whether by operation of law or otherwise) other than by will
or by the applicable laws of descent and distribution, and shall not be subject to execution, attachment or similar process. Any
attempt to transfer, assign, pledge, hypothecate or otherwise dispose of PRSUs or of any right or privilege conferred hereby shall
be null and void. In the event of the Executive&rsquo;s death, any amounts owed to the Executive hereunder shall instead be paid
to the Executive&rsquo;s designated beneficiary (or, if none, to the Executive&rsquo;s estate).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">7. <U>Withholding</U>. Prior to
delivery of the Shares pursuant to this Agreement, the Company shall determine the amount of any United States federal, state
and local income taxes, if any, which are required to be withheld under applicable law and shall, as a condition of delivery
of the Shares pursuant to this Agreement, collect from the Executive the amount of any such tax to the extent not previously
withheld in any manner permitted by the Plan.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">8. <U>No Rights of a Stockholder</U>.
The Executive shall not have any rights as a stockholder of the Company until the Shares have been issued. Once a PRSU vests
and a Share is issued to the Executive pursuant to Sections 3 and 4, such PRSU is no longer considered a PRSU for purposes of
this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">9. <U>Rights of the Executive</U>.
Neither this Agreement nor the PRSUs shall confer upon the Executive any right to, or guarantee of, continued employment with
Sirius XM or any of its subsidiaries or affiliates, or in any way limit the right of Sirius XM or any of its subsidiaries or
affiliates to terminate the Executive&rsquo;s employment at any time, subject to the terms of the Employment Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">10. <U>Professional Advice</U>. The
acceptance of the PRSUs may have consequences under federal and state tax and securities laws that may vary depending upon
the individual circumstances of the Executive. Accordingly, the Executive acknowledges that the Executive has been advised to
consult the Executive&rsquo;s personal legal and tax advisors in connection with this Agreement and the PRSUs.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">11. <U>Agreement Subject to the
Plan</U>. This Agreement and the PRSUs are subject to the terms and conditions set forth in the Plan, which terms and
conditions are incorporated herein by reference. Capitalized terms used herein but not otherwise defined shall have the same
meanings as in the Plan. The Executive acknowledges that a copy of the Plan is posted on Sirius XM&rsquo;s intranet site and
the Executive agrees to review it and comply with its terms. This Agreement, the Employment Agreement and the Plan constitute
the entire understanding between or among the Company, Sirius XM and the Executive with respect to the PRSUs. In the event of
any conflict between this Agreement and the Plan, the Plan shall govern and prevail.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">12. <U>Governing Law</U>. This
Agreement shall be governed by, and construed in accordance with, the laws of the State of New&nbsp;York, and shall bind and inure
to the benefit of the heirs, executors, personal representatives, successors and assigns of the parties hereto. Any disputes
arising from or relating to this Agreement shall be subject to arbitration pursuant to Section 20 of the Employment
Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">13. <U>Notices</U>. All notices and
other communications hereunder shall be in writing and shall be deemed given when delivered personally or when telecopied
(with confirmation of transmission received by the sender), three (3) business days after being sent by certified mail,
postage prepaid, return receipt requested or one (1) business day after being delivered to a nationally recognized overnight
courier with next day delivery specified to the parties at the following addresses (or at such other address for a party as
shall be specified by like notice):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 72pt">Company:</TD><TD>Sirius XM Holdings Inc.<BR>
1221 Avenue of the Americas<BR>
35<SUP>th</SUP> Floor<BR>
New York, New York 10020</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 72pt">Attention:</TD><TD>General Counsel</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 72pt">Executive:</TD><TD>Address on file at the<BR>
office of Sirius XM</TD></TR></TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">Notices sent by email or other electronic
means not specifically authorized by this Agreement shall not be effective for any purpose of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">14. <U>Binding Effect</U>. This
Agreement constitutes the legal, valid and binding obligation of the Company enforceable against the Company in accordance
with its terms.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">15. <U>Amendment</U>. The rights of the
Executive hereunder may not be impaired by any amendment, alteration, suspension, discontinuance or termination of the Plan
or this Agreement without the Executive&rsquo;s consent.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">16. <U>Section 409A</U>. This Agreement
and the PRSUs granted hereunder are intended to be exempt from Section 409A of the Code and the rules and regulations
thereunder such as to avoid any additional taxation under the Section 409A of the Code. Any ambiguity herein shall be
interpreted in accordance with the foregoing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">17. <U>Clawback Provisions</U>.
Notwithstanding any other provision of this Agreement to the contrary, any cash incentive compensation received by the
Executive (including any restricted stock, restricted stock units, stock options or equity-based compensation granted and/or
shares issued with respect thereto, and/or any amount received with respect to any sale of any such shares) shall be subject
to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the
Company&rsquo;s Clawback Policy, as it may be amended from time to time (the &ldquo;<U>Policy</U>&rdquo;). The Executive
agrees and consents to the Company&rsquo;s application, implementation and enforcement of (a) the Policy, or any similar
policy established by the Company that may apply to the Executive, and (b) any provision of applicable law, rule, or
regulation of a securities exchange relating to cancellation, rescission, payback or recoupment of compensation, and
expressly agrees that the Company may take such actions as are necessary to effectuate the Policy, any similar policy (as
applicable to the Executive) or applicable law, rule, or regulation of a securities exchange without further consent or
action being required by the Executive. To the extent that the terms of this Agreement and the Policy or any similar
policy conflict, then the terms of such policy shall prevail..</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">IN WITNESS WHEREOF, the undersigned have
executed this Agreement as of the date first above written.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-left: 5pt">SIRIUS XM HOLDINGS INC.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5pt">By:</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 45%">Faye Tylee<BR>
 Chief People + Culture Officer</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 45%">SCOTT A. GREENSTEIN</TD>
    <TD STYLE="width: 3%">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><U>Exhibit D</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIRIUS XM HOLDINGS INC.</B><BR>
<B>2015 LONG-TERM STOCK INCENTIVE PLAN</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT
</B><BR>
<B>(RELATIVE TSR)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">This PERFORMANCE-BASED RESTRICTED STOCK UNIT
AGREEMENT (RELATIVE TSR) (this &ldquo;<U>Agreement</U>&rdquo;), dated [_____], 2024, is between SIRIUS XM HOLDINGS INC., a Delaware
corporation (the &ldquo;<U>Company</U>&rdquo;), and SCOTT A. GREENSTEIN (the &ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">1.&nbsp;</FONT><U>Grant
of PRSUs</U>. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive
Plan (the &ldquo;<U>Plan</U>&rdquo;) and the Employment Agreement dated as of April 17, 2024 between Sirius XM Radio Inc. and the
Executive (the &ldquo;<U>Employment Agreement</U>&rdquo;), the Company hereby grants [____________]<SUP>5</SUP><FONT STYLE="font-size: 10pt">
</FONT>performance-based restricted stock units (&ldquo;<U>PRSUs</U>&rdquo;) to the Executive, representing the target number of
PRSUs eligible to be earned under this Agreement (the &ldquo;<U>Target PRSUs</U>&rdquo;). Each PRSU represents the unfunded, unsecured
right of the Executive to receive one share of common stock, par value $0.001 per share, of the Company (each, a &ldquo;<U>Share</U>&rdquo;)
on the date specified in this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">2.&nbsp;</FONT><U>Dividends</U>.
If on any date while PRSUs are outstanding the Company shall pay any dividend on the Shares (other than a dividend payable in Shares),
the number of PRSUs granted to the Executive shall, as of the record date for such dividend payment, be increased by a number of
PRSUs equal to: (a) the product of (x) the number of PRSUs held by the Executive as of such record date, multiplied by (y) the
per Share amount of any cash dividend (or, in the case of any dividend payable, in whole or in part, other than in cash, the per
Share value of such dividend, as determined in good faith by the Company), divided by (b) the average closing price of a Share
on the Nasdaq Global Select Market on the twenty (20) trading days preceding, but not including, such record date. In the case
of any dividend declared on Shares that is payable in the form of Shares, the number of PRSUs granted to the Executive shall be
increased by a number equal to the product of (1) the aggregate number of PRSUs held by the Executive on the record date for such
dividend, multiplied by (2) the number of Shares (including any fraction thereof) payable as a dividend on a Share. In the case
of any other change in the Shares occurring after the date hereof, the number of PRSUs shall be adjusted as set forth in Section
4(b) of the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">3.&nbsp;</FONT><U>Issuance
of Shares Subject to PRSUs</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">(a)&nbsp;<I>Performance Metric</I>. All or a portion
of the PRSUs shall be eligible to vest based on the Company&rsquo;s level of achievement of the Performance Metric set forth on
the Performance Matrix attached hereto as <U>Annex A</U> (the &ldquo;<U>Performance Matrix</U>&rdquo;), subject to the terms set
forth therein and herein.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><SUP></SUP></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><SUP>5<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">
</FONT></SUP>Number to be computed in accordance with Section 4(b)(iv) of the Employment Agreement.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">(b)&nbsp;<I>Calculation of Shares to be Issued</I>.
No later than sixty (60) days following the end of the Performance Period (as defined in the Performance Matrix), the Company shall
certify the Company&rsquo;s level of achievement of the Performance Metric (such actual date of certification, the &ldquo;<U>Certification
Date</U>&rdquo;). Upon the Certification Date, the applicable portion of the Target PRSUs determined by the Payout Percentage (as
defined in the Performance Matrix) as a percentage of the Target PRSUs shall be calculated and shall remain eligible to vest, subject
to the Executive being employed with Sirius XM Radio Inc. or any of its subsidiaries or affiliates (collectively &ldquo;<U>Sirius
XM</U>&rdquo;) through the Term End Date (as defined in the Employment Agreement) (except as otherwise set forth herein) (such
PRSUs, the &ldquo;<U>Eligible Units</U>&rdquo;). On the Certification Date, any PRSUs which do not become Eligible Units in accordance
with the immediately preceding sentence shall immediately be forfeited and cancelled, and the Executive shall not be entitled to
any compensation or other amount with respect thereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">(c)&nbsp;<I>Issuance of Eligible Units</I>. Subject
to the terms of this Agreement and/or the Plan, the Company shall issue, or cause there to be transferred, to the Executive on
the Term End Date (as defined in the Employment Agreement), subject to the Executive&rsquo;s continuous employment with Sirius
XM through the Term End Date, a number of Shares equal to the number of Eligible Units.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">(d)&nbsp;<I>Termination</I>. If the Executive&rsquo;s
employment with Sirius XM terminates for any reason prior to the Term End Date, then all of the PRSUs shall immediately terminate
without consideration. Notwithstanding the foregoing, if the Executive&rsquo;s employment with Sirius XM is terminated (x) due
to death or &ldquo;Disability&rdquo; (as defined in the Employment Agreement), (y) by Sirius XM without &ldquo;Cause&rdquo; (as
defined in the Employment Agreement), or (z) by the Executive for &ldquo;Good Reason&rdquo; (as defined in the Employment Agreement),
then the Target PRSUs, to the extent not previously settled, cancelled or forfeited, shall, subject to the second to last sentence
of this Section 3(d), immediately become vested and the Company shall issue, or cause there to be transferred, to the Executive,
on the sixtieth (60<SUP>th</SUP>) day following such termination of employment, the amount of Shares equal to the number of Target
PRSUs granted to the Executive under this Agreement, and as adjusted pursuant to Section 2, if applicable; <U>provided</U><I> </I>that
if such termination occurs after the last day of the Performance Period, then the number of Shares to be issued or transferred
shall be based on the number of PRSUs that were determined to be Eligible Units as of the Certification Date. In no event shall
such PRSUs be issued or transferred later than the March 15<SUP>th</SUP> following the year of the Executive&rsquo;s termination
of employment. In the event the Executive&rsquo;s employment with Sirius XM terminates due to death or Disability, by Sirius XM
without Cause or by the Executive for Good Reason, the condition in Section 3(c) that the Executive be an employee of Sirius XM
through the Term End Date shall be waived; <U>provided</U> that the Executive executes a release in accordance with Section 6(g)
of the Employment Agreement (except that the Company&rsquo;s General Counsel may waive such requirement in the case of the Executive&rsquo;s
death).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">4.&nbsp;</FONT><U>Change
of Control</U>. Notwithstanding the foregoing provisions, in the event of a Change of Control, the PRSUs shall be governed by the
terms of the Plan; <U>provided</U> that any transactions between the Company, Sirius XM and/or any of their respective wholly-owned
subsidiaries, on the one hand, and Liberty Media Corporation, any Qualified Distribution Transferee (as defined in the Investment
Agreement, dated as of February 17, 2009, between the</P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">Company and Liberty Radio LLC, as amended) and/or
any of their respective wholly-owned subsidiaries, on the other hand, shall not constitute a Change of Control under the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">5.&nbsp;</FONT><U>Non-transferable</U>.
The PRSUs may not be transferred, assigned, pledged or hypothecated in any manner (whether by operation of law or otherwise), other
than by will or by the applicable laws of descent and distribution, and shall not be subject to execution, attachment or similar
process. Any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of PRSUs or of any right or privilege conferred
hereby shall be null and void. In the event of the Executive&rsquo;s death, any amounts owed to the Executive hereunder shall instead
be paid to the Executive&rsquo;s designated beneficiary (or, if none, to the Executive&rsquo;s estate).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">6.&nbsp;</FONT><U>Withholding</U>.
Prior to delivery of the Shares pursuant to this Agreement, the Company shall determine the amount of any United States federal,
state and local income taxes, if any, which are required to be withheld under applicable law and shall, as a condition of delivery
of the Shares pursuant to this Agreement, collect from the Executive the amount of any such tax to the extent not previously withheld
in any manner permitted by the Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">7.&nbsp;</FONT><U>No
Rights of a Stockholder</U>. The Executive shall not have any rights as a stockholder of the Company with respect to any Shares
until the Shares have been issued. Once a PRSU vests and a Share is issued to the Executive pursuant to Section 3, such PRSU is
no longer considered a PRSU .</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">8.&nbsp;</FONT><U>Rights
of the Executive</U>. Neither this Agreement nor the PRSUs shall confer upon the Executive any right to, or guarantee of, continued
employment by or service with Sirius XM, or in any way limit the right of Sirius XM to terminate the Executive&rsquo;s employment
at any time, subject to the terms of the Employment Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">9.&nbsp;</FONT><U>Professional
Advice</U>. The acceptance of the PRSUs may have consequences under federal and state tax and securities laws that may vary depending
upon the individual circumstances of the Executive. Accordingly, the Executive acknowledges that the Executive has been advised
to consult with the Executive&rsquo;s personal legal and tax advisors in connection with this Agreement and the PRSUs.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">10.&nbsp;</FONT><U>Agreement
Subject to the Plan</U>. This Agreement and the PRSUs are subject to the terms and conditions set forth in the Plan, which terms
and conditions are incorporated herein by reference. Capitalized terms used herein but not otherwise defined shall have the same
meanings as in the Plan. The Executive acknowledges that a copy of the Plan is posted on Sirius XM&rsquo;s intranet site and the
Executive agrees to review it and comply with its terms. This Agreement, the Employment Agreement and the Plan constitute the entire
understanding between or among the Company, Sirius XM and the Executive with respect to the PRSUs. In the event of any conflict
between this Agreement and the Plan, the Plan shall govern and prevail.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">11.&nbsp;</FONT><U>Governing
Law</U>. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, and shall bind
and inure to the benefit of the heirs, executors, personal representatives, successors and assigns of the parties hereto. Any disputes
arising from or relating to this Agreement shall be subject to arbitration pursuant to Section 20 of the Employment Agreement.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">12.&nbsp;</FONT><U>Notices</U>.
All notices and other communications hereunder shall be in writing and shall be deemed given when delivered personally or when
telecopied (with confirmation of transmission received by the sender), three (3) business days after being sent by certified mail,
postage prepaid, return receipt requested or one (1) business day after being delivered to a nationally recognized overnight courier
with next day delivery specified to the parties at the following addresses (or at such other address for a party as shall be specified
by like notice):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <TD STYLE="text-align: left; width: 52pt; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; width: 60pt; text-indent: 0pt; vertical-align: top">Company:</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">Sirius XM Holdings Inc.<br>
1221 Avenue of the Americas<br>
35<sup>th</sup> Floor<br>
New York, New York 10020</td></tr>
<tr>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">Attention:</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">General Counsel</td></tr>
<tr>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">Executive:</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">Address on file at the<br>
office of Sirius XM</td></tr>
</table>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 144pt; text-indent: -72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 52pt">Notices sent by email or other electronic means
not specifically authorized by this Agreement shall not be effective for any purpose of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">13.&nbsp;</FONT><U>Binding
Effect</U>. This Agreement constitutes the legal, valid and binding obligation of the Company enforceable against the Company in
accordance with its terms.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">14.&nbsp;</FONT><U>Amendment</U>.
The rights of the Executive hereunder may not be impaired by any amendment, alteration, suspension, discontinuance or termination
of the Plan or this Agreement without the Executive&rsquo;s consent.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">15.&nbsp;</FONT><U>Section
409A</U>. This Agreement and the PRSUs granted hereunder are intended to be exempt from Section 409A of the Code and the rules
and regulations thereunder such as to avoid any additional taxation under the Section 409A of the Code. Any ambiguity herein shall
be interpreted in accordance with the foregoing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">16.&nbsp;</FONT><U>Clawback
Provisions</U>. Notwithstanding any other provision of this Agreement to the contrary, any cash incentive compensation received
by the Executive (including any restricted stock, restricted stock units, stock options or equity-based compensation granted and/or
shares issued with respect thereto, and/or any amount received with respect to any sale of any such shares) shall be subject to
potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Company&rsquo;s Clawback
Policy, as it may be amended from time to time (the &ldquo;<U>Policy</U>&rdquo;). The Executive agrees and consents to the Company&rsquo;s
application, implementation and enforcement of (a) the Policy, or any similar policy established by the Company that may apply
to the Executive, and (b) any provision of applicable law, rule, or regulation of a securities exchange relating to cancellation,
rescission, payback or recoupment of compensation, and expressly agrees that the Company may take such actions as are necessary
to effectuate the Policy, any similar policy (as applicable to the Executive) or applicable law, rule, or regulation of a securities
exchange without further consent or action being required by the Executive. To the extent that the terms of this Agreement and
the Policy or any similar policy conflict, then the terms of such policy shall prevail.</P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">IN WITNESS WHEREOF, the undersigned have executed
this Agreement as of the date first above written.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 5pt; text-indent: 0pt">SIRIUS XM HOLDINGS INC.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <TD STYLE="text-align: left; width: 1%; font-family: Times New Roman, Times, Serif; padding-right: 0; vertical-align: top; padding-left: 5pt"><font style="font-family: Times New Roman, Times, Serif">By:&nbsp;</font></td>
    <TD STYLE="text-align: left; width: 48%; font-family: Times New Roman, Times, Serif; border-bottom: Black 1px solid; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; width: 3%; font-family: Times New Roman, Times, Serif; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; width: 48%; font-family: Times New Roman, Times, Serif; border-bottom: Black 1px solid; vertical-align: top">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif; padding-right: 5pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif; vertical-align: top"><font style="font-family: Times New Roman, Times, Serif">Faye Tylee</font><br>
<font style="font-family: Times New Roman, Times, Serif">Chief People + Culture Officer</font></td>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif; vertical-align: top"><font style="font-family: Times New Roman, Times, Serif">SCOTT A. GREENSTEIN</font></td></tr>
</table>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Annex A</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Performance Matrix</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><U>Target Award</U>: Participant&rsquo;s overall
target-level award hereunder is equal to [______] PRSUs (the &ldquo;<U>Target PRSUs</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The &ldquo;<U>Performance Period</U>&rdquo; shall
be January 1, 2024 through December 31, 2026.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The &ldquo;<U>Performance Metric</U>&rdquo; shall
be the three (3)-year total shareholder return (&ldquo;<U>TSR</U>&rdquo;) of the Company relative to the other entities in the
TSR Index (as defined below). Achievement of the Performance Metric shall be determined by the percentile rank of the Company&rsquo;s
TSR relative to the TSR of each other entity in the TSR Index.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><U>Determination of TSR</U>: TSR for the Company
and each other entity in the TSR Index shall be determined in accordance with the following formula. TSR shall be equal to (a)
divided by (b) minus (c), expressed as a percentage, where:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <TD STYLE="text-align: left; width: 36pt; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; width: 36pt; text-indent: 0pt; vertical-align: top">(a)</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">is equal to the product of (i) and (ii), where (i) is the Ending Price and (ii) is the Reinvestment Factor;</td></tr>
<tr>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">(b)</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">is equal to the Starting Price; and</td></tr>
<tr>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">&nbsp;</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">(c)</td>
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: top">is equal to one.</td></tr>
</table>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: -36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">For purposes of determining TSR:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;<U>Starting Price</U>&rdquo; means $5.17
per share, the average closing price of one share of common stock on the applicable stock exchange during the twenty (20) trading
days immediately preceding and including the first day of the Performance Period.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;<U>Ending Price</U>&rdquo; means the average
closing price of one share of common stock on the applicable stock exchange during the twenty (20) trading days immediately preceding
and including the last day of the Performance Period; <U>provided</U> that, in the case of a Change of Control, the Ending Price
for the Company shall be the fair market value of a Share immediately prior to the Change of Control, and the Ending Price for
all other companies shall be the average closing price of one share of common stock on the applicable stock exchange during the
twenty (20) trading days immediately preceding the date of the Change of Control.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;<U>Reinvestment Factor</U>&rdquo; means
the Total Share Count at the end of the Performance Period.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;<U>Total Share Count</U>&rdquo; equals
one share of the Company&rsquo;s common stock on the first day of the Performance Period, which is adjusted cumulatively for any
dividends declared over the Performance Period. The adjustment for each dividend declaration shall increase the Total Share Count
by an amount calculated as the sum of (x) and (y), where:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">(x)&nbsp;equals the Current Total Share Count;
and</P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">(y)&nbsp;equals the calculated result of (i) multiplied
by (ii) and divided by (iii), where (i) is the Current Total Share Count, (ii) is the dollar value of the declared dividend, and
(iii) is the closing price of the company&rsquo;s Common stock on the payment date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;<U>Current Total Share Count</U>&rdquo;
means the Total Share Count before each dividend adjustment, if any.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Company&rsquo;s &ldquo;Rank&rdquo; shall
be determined by the Company&rsquo;s position within the ranking of each entity in the TSR Index (including the Company) in descending
order based on their respective TSRs (with the highest TSR having a Rank of one). For purposes of developing the ordering provided
in the immediately-preceding sentence, (A) any entity that filed for bankruptcy protection under the United States Bankruptcy Code
during the Performance Period shall be assigned the lowest order of any entity in the TSR Index such that such entity&rsquo;s TSR
is fixed at -100%, (B) any entity that is acquired during the Performance Period, or otherwise no longer listed on a national securities
exchange at the end of the Performance Period (other than the Company), shall be removed from the TSR Index and shall be excluded
for purposes of ordering the entities in the TSR Index (and for purposes of calculating the Company&rsquo;s Percentile) and (C)
any entity that has issued multiple classes of stock that are contained in the TSR Index shall be aggregated and considered one
entity.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">After determining the Company&rsquo;s Rank, the
Company&rsquo;s &ldquo;Percentile&rdquo; will be calculated as follows:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 9pt Sans-Serif; margin: 0; text-indent: 72pt; color: Red"><IMG SRC="x1_c108836x41x1.jpg" ALT=""></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">where:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;P&rdquo; represents the Percentile which
will be rounded, if necessary, to the nearest whole percentile by application of regular rounding.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;N&rdquo; represents the total number of
entities in the TSR Index (including the Company, but after removal of any entities in accordance with the calculation of the Rank).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&ldquo;R&rdquo; represents Company&rsquo;s Rank
(as determined above).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">The &ldquo;Payout Percentage&rdquo; shall be determined
as follows, subject to the exception below:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Symbol">&#183;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Threshold
Performance</B>: If the Company&rsquo;s Percentile equals 25%, the Payout Percentage shall be 50% of the Target PRSUs. The Payout
Percentage shall equal zero if the Company Percentile is less than 25%.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Symbol">&#183;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Target
Performance</B>: If the Company&rsquo;s Percentile equals 50%, the Payout Percentage shall be 100% of the Target PRSUs.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Symbol">&#183;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Maximum
Performance</B>: If the Company&rsquo;s Percentile equals or exceeds 75%, the Payout Percentage shall be 150% of the Target PRSUs.</FONT></P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">Straight-line interpolation shall be used to
determine the Payout Percentage for any Company Percentile between 25% and 75%, based upon the Payout Percentages set forth above.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The following exception exists with respect to
the Payout Percentage determination set forth above: If the Company&rsquo;s absolute TSR (irrespective of its Rank or Percentile)
is less than 0%, then the Payout Percentage shall not exceed 100% of the Target PRSUs (subject to adjustment as set forth in Section
2 of the Agreement, if applicable).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">In addition to the Company, the &ldquo;TSR Index&rdquo;
shall be comprised of the companies in the S&amp;P 500 Index as in effect on the first day of the Performance Period (subject to
adjustment as set forth in the definition of Rank above).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The Compensation Committee of the Board of Directors
shall be permitted to adjust or modify the calculations set forth above as it deems appropriate, including pursuant to any adjustments
under Sections 4(b) and 12(c) of the Plan.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><U>Exhibit E</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AGREEMENT AND RELEASE</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">This Agreement and Release, dated as of [_____]
(this &ldquo;<U>Agreement</U>&rdquo;), is entered into by and between SCOTT A. GREENSTEIN (the &ldquo;<U>Executive</U>&rdquo;)
and SIRIUS XM RADIO INC. (the &ldquo;<U>Company</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">The purpose of this Agreement is to completely
and finally settle, resolve, and forever extinguish all obligations, disputes and differences arising out of the Executive&rsquo;s
employment with and separation from the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">NOW, THEREFORE, in consideration of the mutual
promises and covenants contained in this Agreement, the Executive and the Company hereby agree as follows:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">1.&nbsp;</FONT>The
Executive&rsquo;s employment with the Company is terminated as of [_____] (the &ldquo;<U>Termination Date</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">2.&nbsp;</FONT>The
Company and the Executive agree that the Executive shall be provided severance pay and other benefits, less all legally required
and authorized deductions, in accordance with the terms of Section 6(f)(ii) of the Employment Agreement between the Executive and
the Company, dated as of April 17, 2024 (the &ldquo;<U>Employment Agreement</U>&rdquo;); <U>provided</U> that no such severance
benefits shall be paid or provided if the Executive revokes this Agreement pursuant to Section 4 below. The Executive acknowledges
and agrees that the Executive is entering into this Agreement in consideration of such severance benefits and the Company&rsquo;s
agreements set forth herein. All vacation pay earned and unused as of the Termination Date will be paid to the Executive to the
extent required by law. Except as set forth above, the Executive will not be eligible for any other compensation or benefits following
the Termination Date other than any vested accrued benefits under the Company&rsquo;s compensation and benefit plans, and other
than the rights, if any, granted to the Executive under the terms of any stock option, restricted stock, performance-based restricted
stock or other equity award agreements or plans and other than rights to indemnification and to directors&rsquo; and officers&rsquo;
liability insurance under the Employment Agreement, the Certificates of Incorporation and Bylaws of Sirius XM Holdings Inc. (&ldquo;<U>Holdings</U>&rdquo;)
and the Company and their affiliates (or similar constituent documents of affiliates) or the provisions of Delaware law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">3.&nbsp;</FONT>The
Executive, with the intention of binding the Executive and the Executive&rsquo;s heirs, attorneys, agents, spouse and assigns,
hereby waives, releases and forever discharges Holdings, the Company and their respective parents, subsidiaries, and affiliated
companies and its and their predecessors, successors, and assigns, if any, as well as all of their officers, directors and employees,
stockholders, agents, servants, representatives, and attorneys, and the predecessors, successors, heirs and assigns of each of
them (collectively &ldquo;<U>Released Parties</U>&rdquo;), from any and all grievances, claims, demands, causes of action, obligations,
damages and/or liabilities of any nature whatsoever, whether known or unknown, suspected or claimed, which the Executive ever had,
now has, or claims to have against the Released Parties, by reason of any act or omission occurring before the Executive&rsquo;s
execution hereof, including, without limiting the generality of the foregoing, (a) any act, cause, matter or thing stated, claimed
or alleged, or which was or which could have been alleged in any manner against the Released Parties prior to the execution of
this Agreement and (b) all claims for any payment under the Employment</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">Agreement; <U>provided</U> that nothing contained
in this Agreement shall affect the Executive&rsquo;s rights (i) to indemnification from Holdings, the Company or their affiliates
as provided in the Employment Agreement or otherwise; (ii) to coverage under the insurance policies of the Company, Holdings or
their affiliates covering officers and directors; (iii) to other benefits which by their express terms extend beyond the Executive&rsquo;s
separation from employment (including, without limitation, the Executive&rsquo;s rights under Section 6(f) of the Employment Agreement);
and (iv) under this Agreement, and (c) all claims for discrimination, harassment and/or retaliation, under Title VII of the Civil
Rights Act of 1964, as amended, the Civil Rights Act of 1991, as amended, the New York State Human Rights Law, as amended, as well
as any and all claims arising out of any alleged contract of employment, whether written, oral, express or implied, or any other
federal, state or local civil or human rights or labor law, ordinances, rules, regulations, guidelines, statutes, common law, contract
or tort law, arising out of or relating to the Executive&rsquo;s employment with and/or separation from the Company, including
but not limited to the termination of the Executive&rsquo;s employment on the Termination Date, and/or any events occurring prior
to the execution of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">4.&nbsp;</FONT>The
Executive specifically waives all rights or claims that the Executive has or may have under the Age Discrimination In Employment
Act of 1967, 29 U.S.C. &sect;&sect; 621-634, as amended (&ldquo;<U>ADEA</U>&rdquo;), including, without limitation, those arising
out of or relating to the Executive&rsquo;s employment with and/or separation from the Company, the termination of the Executive&rsquo;s
employment on the Termination Date, and/or any events occurring prior to the execution of this Agreement. In accordance with the
ADEA, the Company specifically hereby advises the Executive that: (1) the Executive may and should consult an attorney before signing
this Agreement, (2) the Executive has [twenty-one (21)/forty-five (45)]<SUP>6</SUP> days to consider this Agreement, and (3) the
Executive has seven (7) days after signing this Agreement to revoke this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">5.&nbsp;</FONT>Notwithstanding
the above, nothing in this Agreement prevents or precludes the Executive from (a) challenging or seeking a determination of the
validity of this Agreement under the ADEA; or (b) filing an administrative charge of discrimination under any applicable statute
or participating in any investigation or proceeding conducted by a governmental agency.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">6.&nbsp;</FONT>This
release does not affect or impair the Executive&rsquo;s rights with respect to workman&rsquo;s compensation or similar claims under
applicable law or any claims under medical, dental, disability, life or other insurance arising prior to the date hereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">7.&nbsp;</FONT>The
Executive warrants that the Executive has not made any assignment, transfer, conveyance or alienation of any potential claim, cause
of action, or any right of any kind whatsoever, including but not limited to, potential claims and remedies for discrimination,
harassment, retaliation, or wrongful termination, and that no other person or entity of any kind has had, or now has, any financial
or other interest in any of the demands, obligations, causes of action, debts, liabilities, rights, contracts, damages, costs,
expenses, losses or claims which could have been asserted by the Executive against the Company or any other Released Party.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1px solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><SUP>6</SUP><FONT STYLE="font-family: Times New Roman, Times, Serif">
To be determined by the Company in connection with the termination.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">8.&nbsp;</FONT>The
Executive shall not make any disparaging remarks about any of Holdings, the Company, Liberty Media Corporation or any of their
directors, officers, agents or employees (collectively, the &ldquo;<U>Nondisparagement Group</U>&rdquo;) and/or any of their respective
practices or products; <U>provided</U> that the Executive may provide truthful and accurate facts and opinions about any member
of the Nondisparagement Group where required to do so by law or in proceedings to enforce or defend the Executive&rsquo;s rights
under this Agreement or any other written agreement between the Executive and a member of the Nondisparagement Group and may respond
to disparaging remarks about the Executive made by any member of the Nondisparagement Group. The Company and Holdings shall not,
and they shall instruct their officers not to, make any disparaging remarks about the Executive; <U>provided</U><I> </I>that any
member of the Nondisparagement Group may provide truthful and accurate facts and opinions about the Executive where required to
do so by law and may respond to disparaging remarks made by the Executive or the Executive&rsquo;s agents or family members.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">9.&nbsp;</FONT>The
parties expressly agree that this Agreement shall not be construed as an admission by any of the parties of any violation, liability
or wrongdoing, and shall not be admissible in any proceeding as evidence of or an admission by any party of any violation or wrongdoing.
The Company expressly denies any violation of any federal, state, or local statute, ordinance, rule, regulation, order, common
law or other law in connection with the employment and termination of employment of the Executive.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">10.&nbsp;</FONT>In
the event of a dispute concerning the enforcement of this Agreement, the finder of fact shall have the discretion to award the
prevailing party reasonable costs and attorneys&rsquo; fees incurred in bringing or defending an action, and shall award such costs
and fees to the Executive in the event the Executive prevails on the merits of any action brought hereunder. All other requests
for relief or damages awards shall be governed by Sections 20(a) and 20(b) of the Employment Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">11.&nbsp;</FONT>The
parties declare and represent that no promise, inducement, or agreement not expressed herein has been made to them.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">12.&nbsp;</FONT>This
Agreement in all respects shall be interpreted, enforced and governed under the laws of the State of New York and any applicable
federal laws relating to the subject matter of this Agreement. The language of all parts of this Agreement shall in all cases be
construed as a whole, according to its fair meaning, and not strictly for or against any of the parties. This Agreement shall be
construed as if jointly prepared by the Executive and the Company. Any uncertainty or ambiguity shall not be interpreted against
any one party.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">13.&nbsp;</FONT>This
Agreement, the Employment Agreement[, and _____]<SUP>7</SUP> between the Executive and the Company contain the entire agreement
of the parties as to the subject matter hereof. No modification or waiver of any of the provisions of this Agreement shall be valid
and enforceable unless such modification or waiver is in writing and signed by the party to be charged, and unless otherwise stated
therein, no such modification or waiver shall constitute a</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1px solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><SUP>7</SUP><FONT STYLE="font-family: Times New Roman, Times, Serif">
List any outstanding award agreements.</FONT></P>

<!-- Field: Page; Sequence: 41; Value: 2 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">modification or waiver of any other provision
of this Agreement (whether or not similar) or constitute a continuing waiver.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">14.&nbsp;</FONT>The
Executive and the Company represent that they have been afforded a reasonable period of time within which to consider the terms
of this Agreement (including but not limited to the foregoing release), that they have read this Agreement, and they are fully
aware of its legal effects. The Executive and the Company further represent and warrant that they enter into this Agreement knowingly
and voluntarily, without any mistake, duress, coercion or undue influence, and that they have been provided the opportunity to
review this Agreement with counsel of their own choosing. In making this Agreement, each party relies upon their own judgment,
belief and knowledge, and has not been influenced in any way by any representations or statements not set forth herein regarding
the contents hereof by the entities who are hereby released, or by anyone representing them.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">15.&nbsp;</FONT>This
Agreement may be executed in counterparts, all of which shall be considered one and the same agreement, and shall become effective
when one or more counterparts have been signed by each of the parties and delivered to the other parties. The parties further agree
that delivery of an executed counterpart by facsimile or pdf shall be as effective as delivery of an originally executed counterpart.
This Agreement shall be of no force or effect until executed by all the signatories.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">16.&nbsp;</FONT>The
Executive warrants that the Executive will return to the Company all software, computers, computer-related equipment, keys and
all materials (including, without limitation, copies) obtained or created by the Executive in the course of the Executive&rsquo;s
employment with the Company on or before the Termination Date; <U>provided</U> that the Executive will be able to keep the Executive&rsquo;s
cell phones, personal computers, personal contact list and the like so long as any Confidential Information (as defined in the
Employment Agreement) is removed from such items.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">17.&nbsp;</FONT>Any
existing obligations the Executive has with respect to confidentiality, nonsolicitation of clients, nonsolicitation of employees
and noncompetition, in each case with the Company or its subsidiaries or affiliates, shall remain in full force and effect, including,
but not limited to, Sections 7 and 8 of the Employment Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">18.&nbsp;</FONT>Any
disputes arising from or relating to this Agreement shall be subject to arbitration pursuant to Section 20 of the Employment Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="text-transform: uppercase">19.&nbsp;</FONT>Should
any provision of this Agreement be declared or be determined by a forum with competent jurisdiction to be illegal or invalid, the
validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal or invalid part, term, or provision
shall be deemed not to be a part of this Agreement.</P>

<!-- Field: Page; Sequence: 42; Value: 2 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the respective dates set forth below.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 5pt">SIRIUS XM HOLDINGS INC.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <TD STYLE="vertical-align: bottom; width: 1%; font-family: Times New Roman, Times, Serif; padding-left: 5pt"><font style="font-family: Times New Roman, Times, Serif">By:</font>&nbsp;</td>
    <TD STYLE="vertical-align: bottom; width: 48%; font-family: Times New Roman, Times, Serif; border-bottom: Black 1px solid">&nbsp;</td>
    <TD STYLE="vertical-align: top; width: 3%; font-family: Times New Roman, Times, Serif;">&nbsp;</td>
    <TD STYLE="vertical-align: top; width: 48%; font-family: Times New Roman, Times, Serif; border-bottom: Black 1px solid">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif; padding-right: 5pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;"><font style="font-family: Times New Roman, Times, Serif">Name:</font></td>
    <TD STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif;">&nbsp;</td>
    <TD STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif;"><font style="font-family: Times New Roman, Times, Serif">SCOTT A. GREENSTEIN</font></td></tr>
<tr>
    <TD STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif; padding-right: 5pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;"><font style="font-family: Times New Roman, Times, Serif">Title:</font></td>
    <TD STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif;"><font style="font-family: Times New Roman, Times, Serif">&nbsp;</font></td>
    <TD STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif;"><font style="font-family: Times New Roman, Times, Serif">&nbsp;</font></td></tr>
</table>

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    <!-- Field: /Page -->



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end
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>4
<FILENAME>siri-20240417_def.xml
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com -->
<!-- Created: Thu Apr 18 08:08:30 UTC 2024 -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:xbrldt="http://xbrl.org/2005/xbrldt">
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    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="dei_DocumentInformationLineItems" xlink:to="dei_PreCommencementIssuerTenderOffer" order="21" xbrldt:closed="true"/>
    <loc xlink:type="locator" xlink:label="dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle"/>
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    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="dei_DocumentInformationLineItems" xlink:to="dei_SecurityExchangeName" order="23" xbrldt:closed="true"/>
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</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>siri-20240417_lab.xml
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com -->
<!-- Created: Thu Apr 18 08:08:30 UTC 2024 -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</label>
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    <loc xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</label>
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    <loc xlink:type="locator" xlink:label="dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</label>
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    <loc xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</label>
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    <loc xlink:type="locator" xlink:label="dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle"/>
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    <loc xlink:type="locator" xlink:label="dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</label>
<!-- [WMV5][XcpuxYn59dz7vgYynUDuwG7r97K2jUTysl7vcz0lJt/PYxLIN/5NHMx5hUQlADhNtPbyWpnR7RgZjFcxBZmCMszqIFeCBcBUgkqv/s9KJnT0nPuXat2M0BLP5by5F5tP9gzVP+qbC27oKayzwGfpfhhGPanomsxEmJX/QkG1qzkZ1va88dVtksvIlbgropvKHyH6PRdOdaPGyO2YRxXHkAK8nlIL6AzGHTg7+FeY1vZGz9XmqKfJNx3Y5A+xKjCOBDntOIwJEe+PuGXT/Kb1OA==] CSR-->
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl0" xml:lang="en-US">Document Type</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl0" xml:lang="en-US">Entity Address, City or Town</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl0" xml:lang="en-US">Written Communications</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl0" xml:lang="en-US">Entity Address, State or Province</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl0" xml:lang="en-US">Security Exchange Name</label>
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</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>siri-20240417_pre.xml
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com -->
<!-- Created: Thu Apr 18 08:08:30 UTC 2024 -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
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<TYPE>EX-101.SCH
<SEQUENCE>7
<FILENAME>siri-20240417.xsd
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
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<!-- Created: Thu Apr 18 08:08:30 UTC 2024 -->
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<TYPE>XML
<SEQUENCE>9
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.24.1.u1</span><table class="report" border="0" cellspacing="2" id="idm140335888335184">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document And Entity Information<br></strong></div></th>
<th class="th"><div>Apr. 17, 2024</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information Line Items</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">SIRIUS XM HOLDINGS INC.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">SIRI<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000908937<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Apr. 17,  2024<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-34295<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">38-3916511<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">1221 Avenue of the Americas<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">35th Fl.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">New York<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">NY<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">10020<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(212)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">584-5100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, par value $0.001 per share<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
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