<SEC-DOCUMENT>0001104659-24-127023.txt : 20241210
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<ACCEPTANCE-DATETIME>20241210083044
ACCESSION NUMBER:		0001104659-24-127023
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		16
CONFORMED PERIOD OF REPORT:	20241205
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20241210
DATE AS OF CHANGE:		20241210

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:		241537200

	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
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<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>UNITED STATES</b></p>

<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>WASHINGTON, D.C. 20549</b></p>

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<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>CURRENT REPORT</b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Pursuant to Section 13 or 15(d) of the Securities
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in Charter)</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

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

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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

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    <td style="font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities registered pursuant to Section 12(b) of the Act:</p>

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">Indicate by check mark whether the registrant is an emerging growth
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 style="font-family: Wingdings">&#168;</span></p>

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

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

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

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

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    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 1in"><b>Item 5.02.</b></td><td><b>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers</b></td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><i>Appointment of Wayne D. Thorsen as Executive
Vice President and Chief Operating Officer</i></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">On December&#160;5, 2024,
our subsidiary, Sirius XM Radio LLC, entered into an Employment Agreement (the &#8220;Employment Agreement&#8221;) with Wayne D. Thorsen
to serve as our Executive Vice President and Chief Operating Officer. Mr.&#160;Thorsen will oversee our Product and Technology functions
and be responsible for aspects of our commercial activities, as well as business development, certain consumer marketing activities, and
corporate strategy. The Employment Agreement will become effective on December&#160;16, 2024 (the &#8220;Effective Date&#8221;). The term
of the Employment Agreement shall begin on the Effective Date and end on December&#160;15, 2027.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Wayne D. Thorsen, age
51, served as the Executive Vice President and Chief Business Officer of ADT Inc., a leading provider of security, interactive, and smart
home solutions in the United States, from January&#160;2023 until December&#160;2024. From May&#160;2018 until January&#160;2023, Mr.&#160;Thorsen
served as Vice President, Devices and Services Business Development, at Google Inc., a subsidiary of Alphabet Inc. Prior to that, he was
Senior Vice President, Marketing and Strategic Partnerships, at Social Finance,&#160;Inc. (the predecessor of SoFi Technologies,&#160;Inc.),
a personal finance company, from 2017 to 2018. Mr.&#160;Thorsen has a depth of experience driving business development and innovation
at a variety of leading companies, including earlier leadership roles at Rune,&#160;Inc., a software company, Viacom,&#160;Inc., a multinational
media and entertainment company, Telef&#243;nica Digital, the digital business unit of Telef&#243;nica, a global telecommunications
company, BlueKai, a data management company for marketers, and Microsoft, the multinational technology company.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Pursuant to the Employment
Agreement, Mr.&#160;Thorsen&#8217;s annual base salary will be $1,150,000. The Employment Agreement entitles Mr.&#160;Thorsen to participate
in any bonus plan generally applicable to our executive officers and provides for an annual target bonus equal to 150% of his base salary.
Mr.&#160;Thorsen will not be eligible for a bonus for the year ending December&#160;31, 2024. Within thirty days of the Effective Date,
we have agreed to pay Mr.&#160;Thorsen a one-time cash sign-on bonus of $700,000. This sign on bonus is repayable by Mr.&#160;Thorsen
in full if he terminates his employment prior to the first anniversary of the Effective Date.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">The Employment Agreement
provides, in the case of certain qualifying terminations, for continuation of his health insurance benefits for eighteen months and life
insurance benefits for twelve months and for a lump sum severance payment in an amount equal to the sum of (i)&#160;Mr.&#160;Thorsen&#8217;s
annual base salary, and (ii)&#160;the greater of Mr.&#160;Thorsen&#8217;s target bonus opportunity for the year in which his termination
occurs 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 is subject to
Mr.&#160;Thorsen&#8217;s execution of an effective release of claims against us. The Employment Agreement also contains other provisions,
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>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the Employment Agreement, on
the second business day following the day that the trading window for our employees opens after the Effective Date (the &#8220;Grant Date&#8221;),
we have agreed to grant Mr.&#160;Thorsen:</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; background-color: white">&#9679;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#160;time-based
restricted stock units (&#8220;RSUs&#8221;) having a grant value of $1,500,000. This time-based RSU award will vest in equal installments
on the first anniversary of the Effective Date, the second anniversary of the Effective Date, and December&#160;15, 2027.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; background-color: white">&#9679;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#160;time-based
RSUs having a grant value of $1,500,000. This time-based RSU award will vest in two equal installments on the first two anniversaries
of the Effective Date.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in; background-color: white">&#9679;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#160;performance-based
RSUs having a grant value of $1,500,000. This performance-based RSU award will cliff vest following one or more performance periods designated
by the Compensation Committee if one or more performance targets to be established by the Compensation Committee are achieved, subject
to <span style="background-color: white">the Compensation Committee&#8217;s later certification of that performance during that performance
period and </span>his continued employment through December&#160;15, 2027.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Starting in 2026, and
continuing for the remainder of the term of the Employment Agreement, Mr.&#160;Thorsen will be eligible for additional equity-based compensation
awards based on his and our performance. Such annual grants, including the amounts, terms and conditions for such grants, are subject
to approval by the Compensation Committee. Such annual grants, if any, will take place at the same time that equity grants are provided
to our other management-level employees.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Each of the awards will
be subject to acceleration or termination under certain circumstances <span style="background-color: white">consistent with the terms
of equity awards granted to our other executive officers.</span></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">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&#160;8, 2024.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">The foregoing description
is qualified in its entirety by the Employment Agreement attached as Exhibit&#160;10.1 to this Current Report on Form&#160;8-K.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white; color: #212529"><i>Joseph Inzerillo, Chief
Product and Technology Officer, to Pursue Other Opportunities</i></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white; color: #212529">On December&#160;10,
2024, we announced that Joseph Inzerillo, our Chief Product and Technology Officer, will be pursuing other opportunities effective immediately.
There were no disagreements between the Company and Mr.&#160;Inzerillo. We have entered into a separation agreement with Mr.&#160;Inzerillo
that honors the terms of his employment agreement.</p>

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

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

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white">
  <tr style="vertical-align: top">
    <td style="width: 96px; font-size: 10pt"><b>Item 7.01.</b></td>
    <td style="font-size: 10pt"><b>Regulation FD Disclosure</b></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On December&#160;10, 2024, we issued a press release
updating our strategic direction. A copy of that press release is furnished as Exhibit&#160;99.1.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">On December&#160;10, 2024,
we issued a press release announcing the events described in Item 5.02 above. A copy of that press release is furnished as Exhibit&#160;99.2.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">The information furnished
in this Item 7.01 shall not be deemed &#8220;filed&#8221; for purposes of Section&#160;18 of the Securities Exchange Act of 1934, as amended
(the &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific
reference in such a filing.</p>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"/><td style="width: 1in"><b>Item 9.01.</b></td><td><b>Statements and Exhibits</b></td></tr></table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#160;Exhibits.</p>

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 16%; text-align: center"><span style="text-decoration: underline">Exhibit&#160;Number</span></td>
    <td style="width: 5%">&#160;</td>
    <td style="width: 79%"><span style="text-decoration: underline">Description of Exhibit</span></td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: center">&#160;</td>
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: center"><a href="tm2430351d1_ex10-1.htm" style="-sec-extract: exhibit">10.1</a></td>
    <td>&#160;</td>
    <td><a href="tm2430351d1_ex10-1.htm" style="-sec-extract: exhibit">Employment Agreement, dated as of December&#160;5, 2024, between Sirius XM Radio LLC and Wayne D. Thorsen</a></td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: center">&#160;</td>
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: center"><a href="tm2430351d1_ex99-1.htm" style="-sec-extract: exhibit">99.1</a></td>
    <td>&#160;</td>
    <td><a href="tm2430351d1_ex99-1.htm" style="-sec-extract: exhibit">Press release dated December&#160;10, 2024</a></td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: center">&#160;</td>
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: center"><a href="tm2430351d1_ex99-2.htm" style="-sec-extract: exhibit">99.2</a></td>
    <td>&#160;</td>
    <td><a href="tm2430351d1_ex99-2.htm" style="-sec-extract: exhibit">Press release dated December&#160;10, 2024</a></td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: center">&#160;</td>
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: center">104</td>
    <td>&#160;</td>
    <td>The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES</b></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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>

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

<table cellpadding="0" cellspacing="0" border="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<tr style="vertical-align: top">
  <td>&#160;</td>
  <td colspan="2">SIRIUS XM HOLDINGS INC.</td></tr>

<tr style="vertical-align: top">
  <td>&#160;</td>
  <td colspan="2">&#160;</td></tr>
<tr style="vertical-align: top">
  <td style="width: 50%">&#160;</td>
  <td style="width: 3%">By:</td>
  <td style="border-bottom: Black 1pt solid; width: 47%">/s/ Patrick L. Donnelly</td></tr>

<tr style="vertical-align: top">
  <td>&#160;</td>
  <td>&#160;</td>
  <td>Patrick L. Donnelly</td></tr>

<tr style="vertical-align: top">
  <td>&#160;</td>
  <td>&#160;</td>
  <td>Executive Vice President, General Counsel and Secretary</td></tr>

</table>


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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: December&#160;10, 2024</p>

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

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

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<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="text-align: right; margin: 0"><B>Exhibit&nbsp;10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EMPLOYMENT AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">This EMPLOYMENT AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;),
dated as of December&nbsp;5, 2024 is between SIRIUS XM RADIO LLC, a Delaware limited liability company (the &ldquo;<U>Company</U>&rdquo;),
and WAYNE D. THORSEN (the &ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">WHEREAS, the Company and the Executive jointly desire
to enter into this Agreement to reflect the terms and conditions of the Executive&rsquo;s employment with the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">In consideration of the mutual covenants and conditions
set forth herein, the Company and the Executive agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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
employment with the Company and Sirius XM Holdings Inc. (&ldquo;<U>Holdings</U>&rdquo;). This Agreement shall become effective as of December&nbsp;16,
2024 (the &ldquo;<U>Effective Date</U>&rdquo;). If the Executive does not commence employment with the Company on the Effective Date,
this Agreement shall be void <I>ab initio</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Duties
and Reporting Relationship</U>. (a)&nbsp; The Executive shall be employed as the Executive Vice President and Chief Operating Officer,
of both the Company and Holdings. In such capacity, the Executive shall oversee the Product and Technology function as well as aspects
of the commercial activities of the Company, which the Company defines as responsibility for the automotive and streaming distribution
and partnership arrangements, certain consumer marketing activities, and corporate strategy as of the Effective Date. 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 the Executive&rsquo;s 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 (i)&nbsp;charitable,
civic and other non-business activities that do not interfere with the Executive&rsquo;s duties to the Company and/or Holdings; (ii)&nbsp;passive
investments; (iii)&nbsp;serving as an advisor to an organization approved by the CEO; <U>provided</U> that such advisory role does not
interfere or conflict with the Executive&rsquo;s obligations to the Company and/or Holdings under this Agreement; and (iv)&nbsp;service
on a board of directors for one public or private company, in each case subject to the express written consent of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Executive shall generally perform </FONT>the Executive&rsquo;s duties and conduct the Executive&rsquo;s business at the principal offices
of the Company in New York, New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Term</U>.
The term of this Agreement shall commence on the Effective Date and shall end on </FONT>December&nbsp;15, 2027 (the &ldquo;<U>Term End
Date</U>&rdquo;), unless terminated earlier pursuant to the provisions of Section&nbsp;6 (the Executive&rsquo;s period of employment under
this Agreement, the &ldquo;<U>Term</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Compensation.</U></FONT>
(a)&nbsp; During the Term, the Executive shall be paid an annual base salary of $1,150,000. 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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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></FONT>&rdquo;), the Company shall cause Holdings to grant to the Executive the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
number of </FONT>restricted stock units (&ldquo;<U>RSUs</U>&rdquo;) equal to $1,500,000, 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;A;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>a
number of performance-based restricted stock units (&ldquo;<U>PRSUs</U>&rdquo;) equal to $1,500,000, 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 attached
to this Agreement as Exhibit&nbsp;B; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
number of RSUs equal to $1,500,000, 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;C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Starting
in 2026 and continuing for the remainder of the Term, the Executive shall be eligible for additional equity-based compensation awards
based on the Executive&rsquo;s and the Company&rsquo;s performance (such grants, if any, the &ldquo;<U>Annual Grants</U>&rdquo;); <U>provided</U>
that such Annual Grants, including the amounts, terms and conditions for such grants, are subject to approval by the Compensation Committee.
Such Annual Grants, if any, shall take place at the same time that equity grants are provided to the Company&rsquo;s management-level
employees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Additional
Compensation; Expenses and Benefits</U>. (a)&nbsp; 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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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)&nbsp;savings plan and deferred compensation
plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;During
the Term, the Executive shall be eligible 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, the Board
or the </FONT>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 150% of the Executive&rsquo;s Base Salary as in effect for the applicable portion of the Term;
provided that the Executive shall not be eligible for any Bonus for the 2024 calendar year. 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&nbsp;1, 2027 through the Term End Date (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&nbsp;6(f)(ii)(B)&nbsp;of
this Agreement. Bonus(es), if any, shall be paid in the form of cash and shall be paid by March&nbsp;15th of the following year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Within
thirty (30) days of the Effective Date, the Company shall pay the Executive a one-time cash sign-on bonus of $700,000 (the &ldquo;<U>Sign-on
Bonus</U>&rdquo;). If, during the first year of the Term, the Executive&rsquo;s employment is terminated by the Company for Cause (as
defined below), or if the Executive voluntarily terminates the Executive&rsquo;s employment (other than for Good Reason (as defined below)),
then the Executive shall repay to the Company within thirty (30) days of the Executive&rsquo;s termination date the full amount of the
Sign-on Bonus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;During
the Term, the Executive shall be entitled to accrue vacation under the Company&rsquo;s policy at a rate of not less than four (4)&nbsp;weeks
per year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company will provide relocation assistance or reimburse reasonable relocation expenses for the Executive&rsquo;s relocation to New York,
including but not limited to packing, moving, shipping of goods and vehicles, airfare and temporary living expenses for up to twenty-one
(21) days in the New York area, in an amount not to exceed in the aggregate $50,000 (collectively, the &ldquo;<U>Relocation Expenses</U>&rdquo;).
The reimbursement of any Relocation Expenses shall be subject to presentation of receipts and other evidence by the Executive. If the
Executive terminates his employment for other than Good Reason (as defined below) prior to the Term End Date, then the Executive shall
promptly repay the Relocation Expenses to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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&nbsp;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&nbsp;409A (&ldquo;<U>Section&nbsp;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&nbsp;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 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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(A)&nbsp;
a material breach by the Executive of the terms of this Agreement, (B)&nbsp;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)&nbsp;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)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Executive&rsquo;s failure to comply with the CEO&rsquo;s reasonable and legal written instructions on a material matter within five (5)&nbsp;days;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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 committed acts of unlawful harassment or violated any other state, federal or
local law or ordinance prohibiting discrimination in employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Termination
of the Executive for Cause pursuant to Section&nbsp;6(a)&nbsp;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&nbsp;6(a)&nbsp;may
be delivered, in addition to the requirements set forth in Section&nbsp;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)&nbsp;through (vii)&nbsp;of Section&nbsp;6(a)&nbsp;and
specifying the particulars thereof in reasonable detail. For purposes of Section&nbsp;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)&nbsp;day following the receipt by
the Executive of a notice of a termination without Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(i)&#8239;&#8239;
The Term of this Agreement and the Executive&rsquo;s employment shall terminate upon the death of the Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(ii)&#8239;&#8239;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&nbsp;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&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
purposes of this Agreement, &ldquo;Good Reason&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 (</FONT>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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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 </FONT>reduction in the Executive&rsquo;s title, any material reduction
in the Executive&rsquo;s duties or responsibilities as described in Section&nbsp;2, or any removal of the Executive from, or any failure
to re-elect the Executive to, any of such positions, (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);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Executive ceasing to report solely and directly to the CEO (unless otherwise required by Section&nbsp;2(c));</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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 </FONT>headquarters in 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 office as a result of natural disasters, terrorism,
pandemics, acts of war or acts of God or travel in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
reduction in the Base Salary</FONT> or target bonus opportunity;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
Company&rsquo;s failure to grant the equity awards set forth in Section&nbsp;4(b)&nbsp;on the Grant Date; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any
material breach by the Company of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(i)&nbsp;
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)&nbsp;any
earned but unpaid Base Salary and any business expenses incurred but not reimbursed, in each case, prior to the Termination Date and (B)&nbsp;any
other vested benefits, or in the case of death or Disability benefits provided, under any other benefit or incentive plans or programs
</FONT>(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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(ii)&nbsp; 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&nbsp;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&nbsp;4(c), the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in">(A)&nbsp; the Accrued Payments and Benefits;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in">(B)&nbsp; a lump sum amount equal to
the sum of (x)&nbsp;the Executive&rsquo;s annualized Base Salary then in effect and (y)&nbsp;an amount in cash equal to the greater of
(I)&nbsp;the Executive&rsquo;s target bonus opportunity for the year in which the Termination Date occurs, or (II)&nbsp;the Bonus last
paid (or due and payable) to the Executive, with such lump sum amount to be paid on the sixtieth (60<SUP>th</SUP>) day following the Termination
Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(C)&nbsp;
(x)&nbsp;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</FONT> and (y)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(</FONT>D)&nbsp;
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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(</FONT>E)&nbsp;
life insurance benefits on substantially the same terms as provided by the Company for active employees for one (1)&nbsp;year following
the Termination Date; <U>provided</U> that (I)&nbsp;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)&nbsp;such life insurance coverage shall cease if the Executive obtains a life insurance benefit from another
employer during the remainder of such one (1)-year period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">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&nbsp;6(f)(ii).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company&rsquo;s obligations under Section&nbsp;6(f)(ii)&nbsp;shall be conditioned upon 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&nbsp;D (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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
any provisions of this Agreement to the contrary, if the Executive is a &ldquo;specified employee&rdquo; (within the meaning of Section&nbsp;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&nbsp;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)&nbsp;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)&nbsp;the Executive&rsquo;s death.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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 Board has made such request, then the Board will be empowered to remove
the Executive from such offices and positions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Nondisclosure
of Confidential Information</U>. (a)&nbsp; 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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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 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)&nbsp;(x)&nbsp;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&nbsp;7(c)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
provisions of this Section&nbsp;7 shall survive indefinitely. The Executive&rsquo;s obligations under this Section&nbsp;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&nbsp;6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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 </FONT>engaged in the distribution, transmission, production or streaming
of audio programming or any activity that directly competes with the business of the Company, including but not limited to podcasting,
telematics and audio advertising sales and technology (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)&nbsp;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 that directly 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 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 without the prior written consent of the Company. For purposes of this Agreement,
the &ldquo;Restricted Period&rdquo; shall mean a period of one (1)&nbsp;year following the Milestone Date. For purposes of this Agreement,
the term &ldquo;<U>audio</U>&rdquo; shall be defined broadly and shall include any and all forms and mediums of audio distribution now
existing or hereafter developed, including terrestrial radio, streaming audio services, podcasting and on-demand audio services. Notwithstanding
anything to the contrary in this Section&nbsp;8, it shall not be a violation of this Section&nbsp;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&nbsp;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&nbsp;6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Change
of Control Provisions.</U> (a)&nbsp; 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&nbsp;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&nbsp;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)&nbsp;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)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
the case of a </FONT>reduction in the Total Payments, the Total Payments will be reduced in the following order: (i)&nbsp;payments that
are payable in cash that are valued at full value under Treasury Regulation Section&nbsp;1.280G-1, Q&amp;A 24(a)&nbsp;will be reduced
(if necessary, to zero), with amounts that are payable last reduced first; (ii)&nbsp;payments and benefits due in respect of any equity
valued at full value under Treasury Regulation Section&nbsp;1.280G-1, Q&amp;A 24(a), with the highest values reduced first (as such values
are determined under Treasury Regulation Section&nbsp;1.280G-1, Q&amp;A 24), will next be reduced; (iii)&nbsp;payments that are payable
in cash that are valued at less than full value under Treasury Regulation Section&nbsp;1.280G-1, Q&amp;A 24, with amounts that are payable
last reduced first, will next be reduced; (iv)&nbsp;payments and benefits due in respect of any equity valued at less than full value
under Treasury Regulation Section&nbsp;1.280G-1, Q&amp;A 24, with the highest values reduced first (as such values are determined under
Treasury Regulation Section&nbsp;1.280G-1, Q&amp;A 24), will next be reduced; and (v)&nbsp;all other non-cash benefits not otherwise described
in clauses (ii)&nbsp;or (iv)&nbsp;will be next reduced pro-rata. Any reductions made pursuant to each of clauses (i)-(v)&nbsp;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&nbsp;409A, and second, a pro-rata reduction of cash payments and payments and benefits due in respect of any equity
subject to Section&nbsp;409A as deferred compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;For
purposes of determining whether and the extent to which the Total Payments will be subject to the Excise Tax: (i)&nbsp;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&nbsp;280G(b)&nbsp;of the Code will be taken into account; (ii)&nbsp;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&nbsp;280G(b)(2)&nbsp;of
the Code (including, without limitation, by reason of Section&nbsp;280G(b)(4)(A)&nbsp;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&nbsp;280G(b)(4)(B)&nbsp;of the Code (including, without limitation, any
portion of such Total Payments equal to the value of the covenant included in Section&nbsp;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&nbsp;280G(b)(3)&nbsp;of the Code) that is allocable to such reasonable
compensation; and (iii)&nbsp;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)&nbsp;and (4)&nbsp;of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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&nbsp;9. All determinations required by this Section&nbsp;9 (or requested by either the Executive or
the Company in connection with this Section&nbsp;9) will be at the expense of the Company. The fact that the Executive&rsquo;s right to
payments or benefits may be reduced by reason of the limitations contained in this Section&nbsp;9 will not of itself limit or otherwise
affect any other rights of the Executive under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
the Executive receives reduced payments and benefits by reason of this Section&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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, 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)&nbsp;between the Company and/or Holdings and the Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">13.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">14.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">15.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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 and/or Holdings&rsquo; assets shall assume this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">16.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">17.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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)&nbsp;business day after deposit with a nationally recognized overnight courier (with next day delivery
specified) and five (5)&nbsp;days after mailing by registered or certified mail:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">if
to the Company:<BR>
</FONT>Sirius XM Radio LLC<BR>
1221 Avenue of the Americas<BR>
35<SUP>th</SUP> Floor<BR>
New York, New York 10020<BR>
Attention: General Counsel<BR>
Telecopier: (212) 584-5353</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">if to the Executive:<BR>
Address on file at the offices<BR>
of the Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">18.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">19.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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&nbsp;6;
nor shall the amount of any benefit or payment provided for under Section&nbsp;6 be reduced by any compensation earned by the Executive
as the result of employment by another employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">20.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Arbitration</U>.
(a)&#8239;&#8239;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 arbitration
under the rules&nbsp;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&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company and the Executive agree that the sole dispute that is excepted from Section&nbsp;20(a)&nbsp;is an action seeking injunctive or
declaratory 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&nbsp;20(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">21.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Compliance
with Section&nbsp;409A</U>. (a)&#8239;&#8239;To the extent applicable, it is intended that the compensation arrangements under this Agreement
be in full compliance with Section&nbsp;409A (it being understood that certain compensation arrangements under this Agreement are intended
not to be subject to Section&nbsp;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&nbsp;409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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 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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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&nbsp;409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Executive&rsquo;s
Representation</U>. The Executive has disclosed non-competition, non-solicitation and confidentiality agreements to which Executive is
subject with Executive&rsquo;s prior employer. 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. </FONT><FONT STYLE="color: #222222">The Executive
agrees to indemnify, defend, and hold harmless the Company and its officers, directors, employees, agents, subsidiaries and affiliates
from and against any and all claims, actions, suits, proceedings, losses, liabilities, damages, costs, and expenses (including, without
limitation, attorneys</FONT>&rsquo; <FONT STYLE="color: #222222">fees and costs) arising out of or relating to any breach or alleged breach
of any employment agreement, non-competition agreement, non-solicitation agreement, confidentiality agreement, or any other agreement
or obligation with any of the Executive's prior employers or any of their parents, </FONT>owners, <FONT STYLE="color: #222222">subsidiaries
or affiliates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">24.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Clawback
Provisions</U>. </FONT>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)&nbsp;the Policy, or any similar policy established by the Company that may apply to the Executive, and (b)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the date first above written.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 50%"></TD><TD STYLE="width: 3%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 47%">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD COLSPAN="2" STYLE="text-align: left">SIRIUS XM RADIO LLC</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
                                            Faye Tylee</FONT></TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">Faye Tylee</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">Chief People + Culture Officer</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left"></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/Wayne
                                           D. Thorsen</FONT></TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">WAYNE D. THORSEN</TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Exhibit&nbsp;A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIRIUS XM HOLDINGS INC.<BR>
2024 LONG-TERM STOCK INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESTRICTED STOCK UNIT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
RESTRICTED STOCK UNIT AGREEMENT (this &ldquo;</FONT><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 WAYNE D. THORSEN (the &ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Grant
of RSUs</U>. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2024 Long-Term Stock Incentive Plan (the
 &ldquo;<U>Plan</U>&rdquo;), and the Employment Agreement, dated as of December&nbsp;5, 2024 between Sirius XM Radio LLC (&ldquo;<U>Sirius
XM</U>&rdquo;) and the Executive (the &ldquo;<U>Employment Agreement</U>&rdquo;), the Company hereby grants [___________]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT>
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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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)&nbsp;the product of (x)&nbsp;the number of RSUs held by the Executive as of such record date, multiplied by (y)&nbsp;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)&nbsp;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)&nbsp;the aggregate number of RSUs held by the Executive on the record date for such dividend, multiplied by (2)&nbsp;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&nbsp;4(b)&nbsp;of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Issuance
of Shares subject to RSUs</U>. (a)&nbsp;Subject to earlier issuance pursuant to the terms of this Agreement or the Plan, (i)&nbsp;on the
first (1<SUP>st</SUP>) anniversary of the Effective Date (as defined in the Employment Agreement), 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&nbsp;2, if applicable), (ii)&nbsp;on the second (2<SUP>nd</SUP>) anniversary of the Effective Date (as defined
in the Employment Agreement), 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&nbsp;2, if applicable), and (iii)&nbsp;on
December&nbsp;15, 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&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP> Number to be determined in accordance with Section 4(b)(i)
of the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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)&nbsp;due to death or &ldquo;Disability&rdquo;
(as defined in the Employment Agreement), (y)&nbsp;by Sirius XM without &ldquo;Cause&rdquo; (as defined in the Employment Agreement),
or (z)&nbsp;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&nbsp;2, if applicable. In order for the Executive to receive any
accelerated vesting pursuant to this Section&nbsp;3(b), the Executive must execute a release in accordance with Section&nbsp;6(g)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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 an RSU vests and a Share is issued to the Executive pursuant to Section&nbsp;3, such RSU is no longer
considered an RSU for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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&nbsp;20 of the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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)&nbsp;business days after being sent by certified mail, postage prepaid,
return receipt requested or one (1)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Company:</FONT></TD><TD>Sirius XM Holdings Inc.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1221
</FONT>Avenue of the Americas<BR>
35<SUP>th</SUP> Floor<BR>
New York, New York 10020<BR>
Attention: General Counsel<BR>
Telecopier: (212) 584-5353</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in">Executive:</TD><TD>Address on file at the<BR>
office of Sirius XM</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">13.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">14.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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)&nbsp;the Policy, or any similar policy established by the Company that may apply to the Executive, and (b)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned have executed
this Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIRIUS XM HOLDINGS INC.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 50%"></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Faye Tylee</TD>
    <TD>&nbsp;</TD>
    <TD>WAYNE D. THORSEN</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Chief People + Culture Officer</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><U>Exhibit&nbsp;B</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIRIUS XM HOLDINGS INC.<BR>
2024 LONG-TERM STOCK INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (this &ldquo;</FONT><U>Agreement</U>&rdquo;), dated [_____], 2024, is between SIRIUS
XM HOLDINGS INC., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), and WAYNE D. THORSEN (the &ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Grant
of PRSUs</U>. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2024 Long-Term Stock Incentive Plan (the
 &ldquo;<U>Plan</U>&rdquo;), and the Employment Agreement dated as of December&nbsp;5, 2024 between Sirius XM Radio LLC and the Executive
(the &ldquo;<U>Employment Agreement</U>&rdquo;), the Company hereby grants [_________]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>2</SUP></FONT>
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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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)&nbsp;the product of (x)&nbsp;the number of PRSUs held by the Executive as of such record date, multiplied by (y)&nbsp;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)&nbsp;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)&nbsp;the aggregate number of PRSUs held by the Executive on the record date for such dividend, multiplied by (2)&nbsp;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&nbsp;4(b)&nbsp;of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Issuance
of Shares Subject to PRSUs</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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 one or more financial
and/or operating goals or combination of goals (the &ldquo;<U>Performance Metric Target</U>&rdquo;) for a two or three-year performance
period (such period, the &ldquo;<U>Performance Period</U>&rdquo;), each as determined by the Compensation Committee of the Company&rsquo;s
Board of Directors (the &ldquo;<U>Compensation Committee</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP> Number to be computed in accordance with Section 4(b)(ii)
of the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Performance Metric Target shall be the Company&rsquo;s
level of achievement of one or more financial and/or operating goals or combination of goals for the Performance Period as set by the
Compensation Committee. The Performance Metric Target may include, among other things, return on net assets, return on stockholders&rsquo;
equity, return on assets, return on capital, revenue, average revenue per subscriber, total stockholder returns, profit margin, earnings
per share, free cash flow per share, net earnings, operating earnings, free cash flow, adjusted earnings before interest, taxes, depreciation
and amortization, earnings before interest, taxes, depreciation and amortization, number of subscribers, growth of subscribers, operating
expenses, capital expenses, subscriber acquisition costs or other metrics.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Compensation Committee may adjust or modify
the calculation of the Performance Metric Target for the Performance Period in accordance with Sections 4(b)&nbsp;and 11(c)&nbsp;of the
Plan, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company shall deliver to the Executive on or
before March&nbsp;31 of each year in the Performance Period a statement setting forth the applicable Performance Metric Target for such
year of the Performance Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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 in accordance with a payout scale as determined by the Compensation
Committee, and subject to the terms of the Plan and/or this Agreement (such PRSUs, the &ldquo;<U>Eligible PRSUs</U>&rdquo;). Any PRSUs
that do not constitute Eligible PRSUs as of the Certification Date shall be cancelled on the Certification Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<I>Issuance
of Eligible PRSUs</I>. Subject to the terms of this Agreement and/or the Plan, the Company shall issue, or cause there to be transferred,
an amount of Shares representing the Eligible PRSUs (as adjusted pursuant to Section&nbsp;2 above, if applicable) in the following manner;
(i)&nbsp;if the Performance Period is two years, the Shares shall be distributed to the Executive on the Term End Date (as defined in
the Employment Agreement), <U>provided</U> that the Executive remained employed with Sirius XM Radio LLC or any of its subsidiaries or
affiliates (collectively &ldquo;<U>Sirius XM</U>&rdquo;) through the Term End Date; (ii)&nbsp;if the Performance Period is three years,
the Shares shall be distributed on the first (1<SUP>st</SUP>) business day following the Certification Date, <U>provided</U> that the
Executive remained employed with Sirius XM through the Term End Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Termination
of Employment</U>. (a)&nbsp; If the Executive&rsquo;s employment with Sirius XM terminates for any reason prior to the Term End Date,
then all of the PRSUs, including the Eligible PRSUs, shall immediately terminate without consideration; <U>provided</U> that if the Executive&rsquo;s
employment with Sirius XM is terminated (x)&nbsp;due to death or &ldquo;Disability&rdquo; (as defined in the Employment Agreement), (y)&nbsp;by
Sirius XM without &ldquo;Cause&rdquo; (as defined in the Employment Agreement), or (z)&nbsp;by the Executive for &ldquo;Good Reason&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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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&nbsp;4(b), 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 PRSUs granted
to the Executive under this Agreement, notwithstanding Section&nbsp;3(b), and as adjusted pursuant to Section&nbsp;2, if applicable; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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&nbsp;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&nbsp;3(b),
as adjusted pursuant to Section&nbsp;2, if applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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&nbsp;3(c)&nbsp;that the Executive be an employee of Sirius XM shall be waived in order
to give effect to Section&nbsp;4(a); <U>provided</U> that the Executive executes a release in accordance with Section&nbsp;6(g)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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&nbsp;2, if applicable) as provided in Section&nbsp;4(a)(i)&nbsp;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&nbsp;15<SUP>th</SUP> of the year following
the year of such termination of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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
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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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
the Executive&rsquo;s personal legal and tax advisors in connection with this Agreement and the PRSUs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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&nbsp;20 of the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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)&nbsp;business days after being sent by certified mail, postage prepaid,
return receipt requested or one (1)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Company:</FONT></TD><TD>Sirius XM Holdings Inc.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1221
</FONT>Avenue of the Americas<BR>
35<SUP>th</SUP> Floor<BR>
New York, New York 10020<BR>
Attention: General Counsel<BR>
Telecopier: (212) 584-5353</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in">Executive:</TD><TD>Address on file at the<BR>
office of Sirius XM</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">13.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">14.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">15.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Section&nbsp;409A</U>.
This Agreement and the PRSUs granted hereunder are intended to be exempt from Section&nbsp;409A of the Code and the rules&nbsp;and regulations
thereunder such as to avoid any additional taxation under the Section&nbsp;409A of the Code. Any ambiguity herein shall be interpreted
in accordance with the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">16.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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)&nbsp;the Policy, or any similar policy established by the Company that may apply to the Executive, and (b)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned have executed
this Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIRIUS XM HOLDINGS INC.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 50%"></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Faye Tylee</TD>
    <TD>&nbsp;</TD>
    <TD>WAYNE D. THORSEN</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Chief People + Culture Officer</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Exhibit&nbsp;C</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIRIUS XM HOLDINGS INC.<BR>
2024 LONG-TERM STOCK INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESTRICTED STOCK UNIT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
RESTRICTED STOCK UNIT AGREEMENT (this &ldquo;</FONT><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 WAYNE D. THORSEN (the &ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Grant
of RSUs</U>. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2024 Long-Term Stock Incentive Plan (the
 &ldquo;<U>Plan</U>&rdquo;), and the Employment Agreement, dated as of December&nbsp;5, 2024 between Sirius XM Radio LLC (&ldquo;<U>Sirius
XM</U>&rdquo;) and the Executive (the &ldquo;<U>Employment Agreement</U>&rdquo;), the Company hereby grants [___________]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>3</SUP></FONT>
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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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)&nbsp;the product of (x)&nbsp;the number of RSUs held by the Executive as of such record date, multiplied by (y)&nbsp;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)&nbsp;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)&nbsp;the aggregate number of RSUs held by the Executive on the record date for such dividend, multiplied by (2)&nbsp;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&nbsp;4(b)&nbsp;of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Issuance
of Shares subject to RSUs</U>. (a)&nbsp;Subject to earlier issuance pursuant to the terms of this Agreement or the Plan, (i)&nbsp;on the
first (1<SUP>st</SUP>) anniversary of the Effective Date (as defined in the Employment Agreement), 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&nbsp;2, if applicable), and (ii)&nbsp;on the second (2<SUP>nd</SUP>) anniversary of the Effective Date (as
defined in the Employment Agreement), 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&nbsp;2, if applicable), representing
an equal number of RSUs granted to the Executive under this Agreement (as adjusted pursuant to Section&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>3</SUP> Number to be determined in accordance with Section 4(b)(iii)
of the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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)&nbsp;due to death or &ldquo;Disability&rdquo;
(as defined in the Employment Agreement), (y)&nbsp;by Sirius XM without &ldquo;Cause&rdquo; (as defined in the Employment Agreement),
or (z)&nbsp;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&nbsp;2, if applicable. In order for the Executive to receive any
accelerated vesting pursuant to this Section&nbsp;3(b), the Executive must execute a release in accordance with Section&nbsp;6(g)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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 an RSU vests and a Share is issued to the Executive pursuant to Section&nbsp;3, such RSU is no longer
considered an RSU for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 27; Value: 2 -->
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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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&nbsp;20 of the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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)&nbsp;business days after being sent by certified mail, postage prepaid,
return receipt requested or one (1)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Company:</FONT></TD><TD>Sirius XM Holdings Inc.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1221</FONT>
Avenue of the Americas<BR>
35<SUP>th</SUP> Floor<BR>
New York, New York 10020<BR>
Attention: General Counsel<BR>
Telecopier: (212) 584-5353</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in">Executive:</TD><TD>Address on file at the<BR>
office of Sirius XM</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">13.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">14.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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)&nbsp;the Policy, or any similar policy established by the Company that may apply to the Executive, and (b)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned have executed
this Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIRIUS XM HOLDINGS INC.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 50%"></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Faye Tylee</TD>
    <TD>&nbsp;</TD>
    <TD>WAYNE D. THORSEN</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Chief People + Culture Officer</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Exhibit&nbsp;D</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AGREEMENT AND RELEASE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Agreement and Release, dated as of [_____] (this &ldquo;</FONT><U>Agreement</U>&rdquo;), is entered into by and between WAYNE D. THORSEN
(the &ldquo;<U>Executive</U>&rdquo;) and SIRIUS XM RADIO LLC (the &ldquo;<U>Company</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Executive&rsquo;s employment with the Company is terminated as of [_____] (the &ldquo;<U>Termination Date</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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&nbsp;6(f)(ii)&nbsp;of the Employment Agreement between the Executive and the Company,
dated as of December&nbsp;5, 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&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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)&nbsp;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)&nbsp;all claims for any payment under the Employment
Agreement; <U>provided</U> that nothing contained in this Agreement shall affect the Executive&rsquo;s rights (i)&nbsp;to indemnification
from Holdings, the Company or their affiliates as provided in the Employment Agreement or otherwise; (ii)&nbsp;to coverage under the insurance
policies of the Company, Holdings or their affiliates covering officers and directors; (iii)&nbsp;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&nbsp;6(f)&nbsp;of the Employment Agreement); and (iv)&nbsp;under this Agreement, and (c)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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)&nbsp;the Executive may and should consult an attorney before signing this Agreement, (2)&nbsp;the
Executive has [twenty-one (21)/forty-five (45)]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>4</SUP></FONT>
days to consider this Agreement, and (3)&nbsp;the Executive has seven (7)&nbsp;days after signing this Agreement to revoke this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
the above, nothing in this Agreement prevents or precludes the Executive from (a)&nbsp;challenging or seeking a determination of the validity
of this Agreement under the ADEA; or (b)&nbsp;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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>This
release does not affect or impair the Executive&rsquo;s rights with respect to workmen&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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>4</SUP> To be determined by the Company in connection with the
termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
Executive shall not make any disparaging remarks about any of Holdings, the Company 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> 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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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)&nbsp;and 20(b)&nbsp;of the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
parties declare and represent that no promise, inducement, or agreement not expressed herein has been made to them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">13.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>This
Agreement, the Employment Agreement[, and _____]<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>5</SUP></FONT>
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 modification
or waiver of any other provision of this Agreement (whether or not similar) or constitute a continuing waiver.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>5</SUP> List any outstanding award agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">14.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">15.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">16.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">17.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">18.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
disputes arising from or relating to this Agreement shall be subject to arbitration pursuant to Section&nbsp;20 of the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">19.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the respective dates set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIRIUS XM RADIO LLC</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 50%"></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD></TD>
    <TD>Name:</TD>
    <TD>&nbsp;</TD>
    <TD>WAYNE D. THORSEN</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>tm2430351d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit&nbsp;99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>FOR IMMEDIATE RELEASE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SiriusXM Provides Update on Strategic Direction,
Sharpening Focus on Core Audience</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Provides 2025 Revenue, Adjusted EBITDA and Free
Cash Flow Guidance as well as 2027 Free Cash Flow Target</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Announces Additional $200 Million of Annualized
Savings Exiting 2025</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NEW YORK, NY &ndash; December&nbsp;10, 2024 </B>&ndash; Sirius XM
Holdings Inc. (NASDAQ: SIRI) today shared an updated strategic plan, which sharpens the Company&rsquo;s focus on its core subscription
business; leverages the strength of its advertising business across its portfolio; accelerates efficiency throughout the organization;
and emphasizes robust margins, free cash flow generation, and stockholder returns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;At SiriusXM, we are focusing on the strengths that set us apart
 &ndash; including our strong core subscriber base, our unique position in vehicle, and our unrivaled, curated content -- and taking steps
to drive profitability and cash flow as we face marketplace headwinds impacting the company's growth trajectory,&rdquo; said Jennifer
Witz, Chief Executive Officer of SiriusXM. &ldquo;We have a clear path forward and are confident we can deliver for our stockholders.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Sharpening Strategic Focus on the Company&rsquo;s Strengths&nbsp;&amp;
Differentiators to Drive Stockholder Value</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SiriusXM&rsquo;s premium offerings stand alone in audio entertainment,
and the Company is highlighting key actions it will take to lean into its differentiated position as it charts its path forward.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Doubling Down on SiriusXM&rsquo;s Core Automotive Subscriber Segment: </B>SiriusXM&rsquo;s position in-vehicle remains unrivaled
in audio entertainment, reflected in its leading in-car share of ear<FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT>. As 90% of SiriusXM&rsquo;s
subscribers have the service embedded in-car today, the Company is focusing its resources on increasing retention and capturing additional
growth opportunities within this valuable segment that underpins its scaled subscriber base. As a part of this effort, the Company will
shift marketing and other resources away from high-cost, high-churn audiences in streaming to focus resources on core revenue-generating
segments.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Utilizing Streaming as a Companion to the Company&rsquo;s Core Automotive Offering:</B> The investments the Company has made over
the past two years have expanded the service&rsquo;s reach and engagement in and out of the vehicle, and SiriusXM will continue to highlight
the value-added benefits of the app to its core subscribers. SiriusXM will also utilize the streaming platform for automotive distribution
where beneficial, both in support of the Company&rsquo;s growing population of IP and satellite enabled vehicles with 360L and as evidenced
by its recent inclusion in the 2024 Tesla Holiday Update. By integrating SiriusXM&rsquo;s streaming solution into Tesla&rsquo;s IP-enabled
operating system, SiriusXM is rapidly expanding access to its service to more than two million vehicles already on the road, opening up
a valuable new segment of its core audience in some of the most popular vehicles in North America.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Curating Unrivaled Content: </B>SiriusXM&rsquo;s biggest competitive advantage remains its premium, exclusive, live and on-demand
content from its roster of top talent and subject-matter experts. The Company will continue cultivating deep connections between fans
and hosts, with future investments centered on the major differentiators that resonate with its core, including: its human curated and
hosted music channels, unmatched depth and breadth of live sports, extensive bench of leading audio talent, and growing podcast network.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT>
2024 Edison Research Share of Ear Data</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Leveraging the Company&rsquo;s Advertising Strength: </B>The Company will leverage its leadership position in ad-supported audio,
both within Pandora and podcasting, to monetize ad-based experiences in its flagship SiriusXM service, and will prioritize adtech investments
that simplify campaign planning, purchasing, and measurement for advertiser campaigns across its portfolio. Additionally, long-term, the
Company plans to capitalize on its automotive expertise and prowess to launch first-to-market, integrated, addressable in-car ad experiences.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Increasing Efficiency:</B> Following the successful implementation of cost-reduction efforts across various business units as well
as a period of high re-investment in product infrastructure, SiriusXM is further optimizing efficiencies in key areas across the business.
The Company is scrutinizing the lifetime value of subscribers, optimizing marketing efforts for higher returns, aligning content investments
with its strategic and profitability goals, and closely monitoring the return on technology investments to drive greater operational efficiency
and enhance the listener experience. To date, the Company has delivered an aggregate of approximately $350 million of run rate savings
in 2023 and 2024, and will target an initial incremental $200 million of annualized savings exiting 2025.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Capital Allocation Priorities to Drive Stockholder Returns</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company&rsquo;s strategic actions are focused on preserving its
strong balance sheet, maintaining leading margins, and optimizing free cash flow. These actions will enable SiriusXM to prioritize deleveraging
in the near-term while simultaneously enhancing stockholder returns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Continuing Planned Deleveraging: </B>Following the retirement of 12% of its outstanding common stock and the addition of $1.7 billion
of debt as a result of the Liberty Media split-off transactions, the Company remains committed to its leverage target of low-to-mid 3
times adjusted EBITDA. Without giving effect to any opportunistic share repurchases, SiriusXM expects to reduce its debt by approximately
$700M in 2025 and achieve a leverage ratio of 3.6x by year end 2025.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Maintaining Dividend:</B> The Board of Directors of SiriusXM remains committed to its current quarterly dividend of $0.27 per share,
or $1.08 per share annually, currently returning more than $350 million to stockholders per year.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Stock Buyback Authorization:</B> The Board authorized $1.166 billion common stock repurchase program remains in place. The timing
and amount of any shares repurchased will be determined based on SiriusXM's evaluation of market conditions and other factors and the
program may be discontinued or suspended at any time. Repurchases will be made in compliance with all SEC rules&nbsp;and other legal requirements
and may be made in part under a Rule&nbsp;10b5-1 plan, which permits stock repurchases when SiriusXM might otherwise be precluded from
doing so.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2025 Outlook</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In conjunction with today&rsquo;s update, SiriusXM is providing 2025
guidance for total revenue of $8.5 billion, adjusted EBITDA of $2.6 billion and free cash flow of $1.15 billion. This follows the Company&rsquo;s
reaffirmation of its 2024 guidance for total revenue of approximately $8.675 billion, adjusted EBITDA of approximately $2.7 billion and
free cash flow of approximately $1 billion. Aligned with its enhanced focus on free cash flow, the Company expects free cash flow conversion,
free cash flow as a percentage of EBITDA, to increase from approximately 37% in 2024 to approximately 44% in 2025. Additionally, the Company
is targeting free cash flow of $1.5 billion in 2027.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company excludes from adjusted EBITDA the impact of other income
(expense), gain on extinguishment of debt, impairment, restructuring and other costs, other non-cash charges such as share-based payment
expense, and legal settlements and reserves (if applicable). Similarly, free cash flow does not include certain items that do not relate
to the on-going performance of the Company&rsquo;s business, such as cash flows related to acquisitions, strategic and short-term investments,
including tax efficient investments in clean energy. Free cash flow may also be negatively impacted by legal settlements which are excluded
from adjusted EBITDA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Adjusted EBITDA and free cash flow are non-GAAP financial measures.
The Company has not provided a reconciliation of adjusted EBITDA to projected net income (loss) or free cash flow to net cash provided
by operating activities because full-year net income (loss) and net cash provided by operating activities will include special items that
have not occurred and are difficult to predict with reasonable certainty. Due to this uncertainty, the Company cannot reconcile adjusted
EBITDA and free cash flow to their comparable GAAP measures without unreasonable effort.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Chief Operating Officer Appointment</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As a part of this effort, SiriusXM has appointed Wayne D. Thorsen,
former Executive Vice President and Chief Business Officer at ADT Inc., to serve as SiriusXM&rsquo;s Executive Vice President and Chief
Operating Officer, effective December&nbsp;16. In the newly-created role, Thorsen will oversee SiriusXM&rsquo;s product and technology
functions and be responsible for aspects of the Company&rsquo;s commercial activities, as well as business development, certain consumer
marketing activities, and corporate strategy. With his depth of experience driving business development and innovation at a variety of
leading companies including ADT, Google Inc., and Social Finance,&nbsp;Inc., Thorsen is well-positioned to help SiriusXM deliver meaningful
results alongside greater efficiency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SiriusXM also disclosed today that Joseph Inzerillo has stepped down
from his role as Chief Product and Technology Officer, effective immediately, to pursue other opportunities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Sirius XM Holdings Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SiriusXM is the leading audio entertainment company in North America
with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium
music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Reaching a combined
monthly audience of approximately 150 million listeners, SiriusXM offers a broad range of content for listeners everywhere they tune in
with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go
to: www.siriusxm.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>This communication contains &quot;forward-looking statements&quot;
within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements
about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products
and services; and other statements identified by words such as &quot;will likely result,&quot; &quot;are expected to,&quot; &quot;will
continue,&quot; &quot;is anticipated,&quot; &quot;estimated,&quot; &quot;believe,&quot; &quot;intend,&quot; &quot;plan,&quot; &quot;projection,&quot;
 &quot;outlook&quot; or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of
our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which
are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results
anticipated in these forward-looking statements.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>The following factors, among others, could cause actual results
and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements:
<B>Risks Relating to our Business and Operations:</B> We face substantial competition and that competition is likely to increase over
time; if our efforts to attract and retain subscribers and listeners, or convert listeners into subscribers, are not successful, our
business will be adversely affected; we engage in extensive marketing efforts and the continued effectiveness of those efforts is an
important part of our business; we rely on third parties for the operation of our business, and the failure of third parties to perform
could adversely affect our business; we are migrating our billing system and payment processing function to a new service provider; failure
to successfully monetize and generate revenues from podcasts and other non-music content could adversely affect our business, operating
results, and financial condition; we may not realize the benefits of acquisitions or other strategic investments and initiatives; the
impact of economic conditions may adversely affect our business, operating results, and financial condition; and we may be adversely
affected by the war in Ukraine. <B>Risks Relating to our Sirius XM Business:</B> A substantial number of our Sirius XM service subscribers
periodically cancel their subscriptions and we cannot predict how successful we will be at retaining customers; our ability to profitably
attract and retain subscribers to our Sirius XM service is uncertain; our business depends in part upon the auto industry; failure of
our satellites would significantly damage our business; and our Sirius XM service may experience harmful interference from wireless operations.
<B>Risks Relating to our Pandora and Off-platform Business:</B> Our Pandora ad-supported business has suffered a substantial and consistent
loss of monthly active users, which may adversely affect our Pandora and Off-platform business; our Pandora and Off-platform business
generates a significant portion of its revenues from advertising, and reduced spending by advertisers could harm our business; our failure
to convince advertisers of the benefits of our Pandora ad-supported service could harm our business; if we are unable to maintain revenue
growth from our advertising products our results of operations will be adversely affected; changes to mobile operating systems and browsers
may hinder our ability to sell advertising and market our services; and if we fail to accurately predict and play music, comedy or other
content that our Pandora listeners enjoy, we may fail to retain existing and attract new listeners. <B>Risks Relating to Laws and Governmental
Regulations: </B>Privacy and data security laws and regulations may hinder our ability to market our services, sell advertising and impose
legal liabilities; consumer protection laws and our failure to comply with them could damage our business; failure to comply with FCC
requirements could damage our business; environmental, social and governance expectations and related reporting obligations may expose
us to potential liabilities, increased costs, reputational harm, and other adverse effects; and we may face lawsuits, incur liability
or suffer reputational harm as a result of content published or made available through our services. <B>Risks Associated with Data and
Cybersecurity and the Protection of Consumer Information</B>: If we fail to protect the security of personal information about our customers,
we could be subject to costly government enforcement actions and private litigation and our reputation could suffer; we use artificial
intelligence in our business, and challenges with properly managing its use could result in reputational harm, competitive harm, and
legal liability and adversely affect our results of operations; and interruption or failure of our information technology and communications
systems could impair the delivery of our service and harm our business. <B>Risks Associated with Certain Intellectual Property Rights:
</B>The market for music rights is changing and is subject to significant uncertainties; our Pandora services depend upon maintaining
complex licenses with copyright owners, and these licenses contain onerous terms; failure to protect our intellectual property or actions
by third parties to enforce their intellectual property rights could substantially harm our business and operating results; some of our
services and technologies may use &ldquo;open source&rdquo; software, which may restrict how we use or distribute our services or require
that we release the source code subject to those licenses; and rapid technological and industry changes and new entrants could adversely
impact our services. <B>Other Operational Risks:</B> If we are unable to attract and retain qualified personnel, our business could be
harmed; our facilities could be damaged by natural catastrophes or terrorist activities; the unfavorable outcome of pending or future
litigation could have an adverse impact on our operations and financial condition; we may be exposed to liabilities that other entertainment
service providers would not customarily be subject to; and our business and prospects depend on the strength of our brands. <B>Risks
Related to the Transactions: </B>We may have a significant indemnity obligation to Liberty Media, which is not limited in amount or subject
to any cap, if the transactions associated with the Split-Off are treated as a taxable transaction; we may determine to forgo certain
transactions that might otherwise be advantageous in order to avoid the risk of incurring significant tax-related liabilities; we may
not realize the potential benefits from the Transactions in the near term or at all; we have assumed and are responsible for all of the
liabilities attributed to the Liberty SiriusXM Group as a result of the completion of the Transactions, and acquired the assets of Liberty
Sirius XM Holdings Inc. on an &ldquo;as is, where is&rdquo; basis; we may be a target of securities class action and derivative lawsuits
in connection with the Transactions; it may be difficult for a third party to acquire us, even if doing so may be beneficial to our stockholders;
we have overlapping directors with Liberty Media, which may lead to conflicting interests; our directors and officers are protected from
liability for a broad range of actions; our holding company structure could restrict access to funds of its subsidiaries that may be
needed to pay third party obligations; on a standalone basis and on a consolidated basis, we have significant indebtedness, and our subsidiaries&rsquo;
debt contains certain covenants that restrict its operations; and our ability to incur additional indebtedness to fund our operations
could be limited, which could negatively impact its operations. Additional factors that could cause our results to differ materially
from those described in the forward-looking statements can be found in the prospectus filed with the Securities and Exchange Commission
(the &ldquo;SEC&rdquo;) on July&nbsp;23, 2024, which forms part of Liberty Sirius XM Holdings Inc.&rsquo;s Registration Statement on
Form&nbsp;S-4 (File No.&nbsp;333-276758) and available at the SEC's Internet site (<U>http://www.sec.gov</U>). The information set forth
herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result
of developments occurring after the date of this communication.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investor Contacts:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Hooper Stevens</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">212-901-6718</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">hooper.stevens@siriusxm.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Natalie Candela</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">212-901-6672</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">natalie.candela@siriusxm.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Media Contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Maggie Mitchell</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">maggie.mitchell@siriusxm.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>tm2430351d1_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit&nbsp;99.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>FOR IMMEDIATE RELEASE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SiriusXM Appoints Wayne D. Thorsen Executive
Vice President and Chief Operating Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>As the Company Sharpens Its Focus on Its Core
Business, Thorsen Will Play a Critical Role in Aligning Technology, Commercial, and Strategy</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NEW YORK, NY &ndash; December&nbsp;10, 2024</B> &ndash; Sirius XM
Holdings Inc. (NASDAQ: SIRI) today announced that it has appointed Wayne D. Thorsen, former Executive Vice President and Chief Business
Officer of ADT Inc., to serve as SiriusXM&rsquo;s Executive Vice President and Chief Operating Officer, effective December&nbsp;16, 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the newly-created role of COO, Thorsen will oversee SiriusXM&rsquo;s
product and technology functions and be responsible for aspects of the Company&rsquo;s commercial activities, business development including
automotive and streaming distribution arrangements, certain consumer marketing activities such as subscriber acquisition, and corporate
strategy. He will report directly to SiriusXM&rsquo;s Chief Executive Officer, Jennifer Witz, and play an instrumental role in executing
the Company&rsquo;s updated strategic direction that was separately announced today. As the Company sharpens its focus on its core business,
Thorsen will lead SiriusXM&rsquo;s efforts to closely monitor the return on marketing and technology investments to drive greater operational
efficiency and enhance the listener experience.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Thorsen most recently served at ADT Inc. where he led product management,
engineering, business development and several other key functions. His leadership was pivotal in accelerating the Company&rsquo;s growth
strategy by emphasizing its strategic differentiators and innovative offerings. Thorsen led the transformation of ADT&rsquo;s technology
teams culminating in the launch of the ADT+ platform, which included award-winning hardware and one of the highest-rated apps in the smart
home and security category. Additionally, he spearheaded the recent successful rollout of Trusted Neighbor, the flagship product on the
new platform. During his tenure at ADT, he redefined the product and solution portfolio, led ADT&rsquo;s key partnerships, guided their
shift into AI with partnerships with Google and Sierra, and helped drive operational efficiency throughout the company. He previously
held executive positions at Google Inc., a subsidiary of Alphabet Inc., Social Finance,&nbsp;Inc., the predecessor of SoFi Technologies,&nbsp;Inc.,
Viacom,&nbsp;Inc., a multinational media and entertainment company, Telef&oacute;nica Digital, the digital business unit of Telef&oacute;nica,
a global telecommunications company and Microsoft, the multinational technology company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;We are pleased to add Wayne to the SiriusXM team at this pivotal
time for the Company,&rdquo; said Jennifer Witz, Chief Executive Officer of SiriusXM. &ldquo;Wayne is a seasoned leader who brings significant
experience driving business development and innovation, and he is well-positioned to help guide the Company through this next chapter
as we sharpen our focus on delivering meaningful results alongside greater efficiency. While at Google, where Wayne led business development
for the devices and services division, Wayne was a wonderful partner for SiriusXM, and I look forward to working closely with him to drive
SiriusXM forward.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;As a long-time SiriusXM subscriber myself,&nbsp;I have always
admired SiriusXM&rsquo;s platform and its commitment to providing listeners with unmatched content. It is an honor to join this Company
as it enters its next phase,&rdquo; said Thorsen. &ldquo;This is an important time for SiriusXM, and strong execution will be critical
as the Company implements its new strategy. I&rsquo;m excited to work alongside Jennifer and the rest of the SiriusXM leadership team
to turn the company&rsquo;s vision into results-driven, efficient action, and capture the opportunity ahead.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company also disclosed today that Joseph Inzerillo has stepped
down from his role as Chief Product and Technology Officer, effective immediately, to pursue other opportunities. Inzerillo spearheaded
the transformation of SiriusXM&rsquo;s tech platform and led the launch of the Company&rsquo;s new streaming app.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Wayne Thorsen</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Thorsen served as Executive Vice President and Chief Business Officer
of ADT Inc. since January&nbsp;2023, where he was responsible for leading ADT&rsquo;s product, engineering, innovation and business development
teams. From May&nbsp;2018 until January&nbsp;2023, Thorsen served as Vice President, Devices and Services Business Development at Google,
where he led partnerships for Nest, Pixel, Chromecast, Google Home, Fitbit, Google Labs, Google Fi, and the smart home ecosystem. Prior
to that, he was Senior Vice President, Marketing and Strategic Partnerships at Social Finance,&nbsp;Inc. (SoFi) from 2017 to 2018. He
has extensive experience in business development, strategic partnerships, product development, and marketing, including leadership roles
at SoFi, Rune,&nbsp;Inc., Viacom, Telef&oacute;nica Digital, BlueKai and Microsoft.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>About Sirius XM Holdings Inc.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SiriusXM is the leading audio entertainment company in North America
with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium
music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Reaching a combined
monthly audience of approximately 150 million listeners, SiriusXM offers a broad range of content for listeners everywhere they tune
in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please
go to: <U>www.siriusxm.com</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>This communication contains &quot;forward-looking statements&quot;
within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements
about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products
and services; and other statements identified by words such as &quot;will likely result,&quot; &quot;are expected to,&quot; &quot;will
continue,&quot; &quot;is anticipated,&quot; &quot;estimated,&quot; &quot;believe,&quot; &quot;intend,&quot; &quot;plan,&quot; &quot;projection,&quot;
 &quot;outlook&quot; or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of
our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which
are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results
anticipated in these forward-looking statements.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>The following factors, among others, could cause actual results
and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements:
<B>Risks Relating to our Business and Operations:</B> We face substantial competition and that competition is likely to increase over
time; if our efforts to attract and retain subscribers and listeners, or convert listeners into subscribers, are not successful, our
business will be adversely affected; we engage in extensive marketing efforts and the continued effectiveness of those efforts is an
important part of our business; we rely on third parties for the operation of our business, and the failure of third parties to perform
could adversely affect our business; we are migrating our billing system and payment processing function to a new service provider; failure
to successfully monetize and generate revenues from podcasts and other non-music content could adversely affect our business, operating
results, and financial condition; we may not realize the benefits of acquisitions or other strategic investments and initiatives; the
impact of economic conditions may adversely affect our business, operating results, and financial condition; and we may be adversely
affected by the war in Ukraine. <B>Risks Relating to our Sirius XM Business:</B> A substantial number of our Sirius XM service subscribers
periodically cancel their subscriptions and we cannot predict how successful we will be at retaining customers; our ability to profitably
attract and retain subscribers to our Sirius XM service is uncertain; our business depends in part upon the auto industry; failure of
our satellites would significantly damage our business; and our Sirius XM service may experience harmful interference from wireless operations.
<B>Risks Relating to our Pandora and Off-platform Business:</B> Our Pandora ad-supported business has suffered a substantial and consistent
loss of monthly active users, which may adversely affect our Pandora and Off-platform business; our Pandora and Off-platform business
generates a significant portion of its revenues from advertising, and reduced spending by advertisers could harm our business; our failure
to convince advertisers of the benefits of our Pandora ad-supported service could harm our business; if we are unable to maintain revenue
growth from our advertising products our results of operations will be adversely affected; changes to mobile operating systems and browsers
may hinder our ability to sell advertising and market our services; and if we fail to accurately predict and play music, comedy or other
content that our Pandora listeners enjoy, we may fail to retain existing and attract new listeners. <B>Risks Relating to Laws and Governmental
Regulations:</B> Privacy and data security laws and regulations may hinder our ability to market our services, sell advertising and impose
legal liabilities; consumer protection laws and our failure to comply with them could damage our business; failure to comply with FCC
requirements could damage our business; environmental, social and governance expectations and related reporting obligations may expose
us to potential liabilities, increased costs, reputational harm, and other adverse effects; and we may face lawsuits, incur liability
or suffer reputational harm as a result of content published or made available through our services. <B>Risks Associated with Data and
Cybersecurity and the Protection of Consumer Information:</B> If we fail to protect the security of personal information about our customers,
we could be subject to costly government enforcement actions and private litigation and our reputation could suffer; we use artificial
intelligence in our business, and challenges with properly managing its use could result in reputational harm, competitive harm, and
legal liability and adversely affect our results of operations; and interruption or failure of our information technology and communications
systems could impair the delivery of our service and harm our business. <B>Risks Associated with Certain Intellectual Property Rights:
</B>The market for music rights is changing and is subject to significant uncertainties; our Pandora services depend upon maintaining
complex licenses with copyright owners, and these licenses contain onerous terms; failure to protect our intellectual property or actions
by third parties to enforce their intellectual property rights could substantially harm our business and operating results; some of our
services and technologies may use &ldquo;open source&rdquo; software, which may restrict how we use or distribute our services or require
that we release the source code subject to those licenses; and rapid technological and industry changes and new entrants could adversely
impact our services. <B>Other Operational Risks:</B> If we are unable to attract and retain qualified personnel, our business could be
harmed; our facilities could be damaged by natural catastrophes or terrorist activities; the unfavorable outcome of pending or future
litigation could have an adverse impact on our operations and financial condition; we may be exposed to liabilities that other entertainment
service providers would not customarily be subject to; and our business and prospects depend on the strength of our brands. <B>Risks
Related to the Transactions:</B> We may have a significant indemnity obligation to Liberty Media, which is not limited in amount or subject
to any cap, if the transactions associated with the Split-Off are treated as a taxable transaction; we may determine to forgo certain
transactions that might otherwise be advantageous in order to avoid the risk of incurring significant tax-related liabilities; we may
not realize the potential benefits from the Transactions in the near term or at all; we have assumed and are responsible for all of the
liabilities attributed to the Liberty SiriusXM Group as a result of the completion of the Transactions, and acquired the assets of Liberty
Sirius XM Holdings Inc. on an &ldquo;as is, where is&rdquo; basis; we may be a target of securities class action and derivative lawsuits
in connection with the Transactions; it may be difficult for a third party to acquire us, even if doing so may be beneficial to our stockholders;
we have overlapping directors with Liberty Media, which may lead to conflicting interests; our directors and officers are protected from
liability for a broad range of actions; our holding company structure could restrict access to funds of its subsidiaries that may be
needed to pay third party obligations; on a standalone basis and on a consolidated basis, we have significant indebtedness, and our subsidiaries&rsquo;
debt contains certain covenants that restrict its operations; and our ability to incur additional indebtedness to fund our operations
could be limited, which could negatively impact its operations. Additional factors that could cause our results to differ materially
from those described in the forward-looking statements can be found in the prospectus filed with the Securities and Exchange Commission
(the &ldquo;SEC&rdquo;) on July&nbsp;23, 2024, which forms part of Liberty Sirius XM Holdings Inc.&rsquo;s Registration Statement on
Form&nbsp;S-4 (File No.&nbsp;333-276758) and available at the SEC's Internet site (<U>http://www.sec.gov</U>). The information set forth
herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result
of developments occurring after the date of this communication.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Source: SiriusXM</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investor Contacts:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Hooper Stevens</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">212-901-6718</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">hooper.stevens@siriusxm.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Natalie Candela</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">212-901-6672</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">natalie.candela@siriusxm.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Media Contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Maggie Mitchell</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">617-797-1443</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1155CC"><FONT STYLE="color: Black"><U>maggie.mitchell@siriusxm.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>5
<FILENAME>siri-20241205.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.24c -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: +aA5w7xRiXgen8uLa3ZcWauMSbOdzZR+GYkxtmB3bTmqvycoROneZSy2WvIWkXMJ -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2023" xmlns:us-gaap="http://fasb.org/us-gaap/2023" xmlns:srt="http://fasb.org/srt/2023" xmlns:srt-types="http://fasb.org/srt-types/2023" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" xmlns:siri="http://siriusxm.com/20241205" elementFormDefault="qualified" targetNamespace="http://siriusxm.com/20241205">
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        <link:roleType roleURI="http://siriusxm.com/role/Cover" id="Cover">
          <link:definition>00000001 - Document - Cover</link:definition>
          <link:usedOn>link:presentationLink</link:usedOn>
          <link:usedOn>link:calculationLink</link:usedOn>
          <link:usedOn>link:definitionLink</link:usedOn>
        </link:roleType>
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        <link:linkbaseRef xlink:type="simple" xlink:href="siri-20241205_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2023" schemaLocation="https://xbrl.sec.gov/dei/2023/dei-2023.xsd" />
    <import namespace="http://fasb.org/us-gaap/2023" schemaLocation="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd" />
    <import namespace="http://fasb.org/us-types/2023" schemaLocation="https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2023" schemaLocation="https://xbrl.sec.gov/country/2023/country-2023.xsd" />
    <import namespace="http://fasb.org/srt/2023" schemaLocation="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd" />
    <import namespace="http://fasb.org/srt-types/2023" schemaLocation="https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>siri-20241205_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.24c -->
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<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
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    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
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    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CoverAbstract" xlink:label="dei_CoverAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CoverAbstract_lbl" xml:lang="en-US">Cover [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US">Other Reporting Standard Item Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>siri-20241205_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
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    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
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<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45248527804832">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Dec. 05, 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_CoverAbstract', window );"><strong>Cover [Abstract]</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_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_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Dec.  05,  2024<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_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-34295<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_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000908937<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_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">93-4680139<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_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_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">SIRI<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_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<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>
</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>
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</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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<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>Cover page.</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_CoverAbstract</td>
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<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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<td><strong> Period Type:</strong></td>
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</table></div>
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<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>
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<td>dei:submissionTypeItemType</td>
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<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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Balance Type:</strong></td>
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</div></td></tr>
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<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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>duration</td>
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</table></div>
</div></td></tr>
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<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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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</table></div>
</div></td></tr>
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<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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</div></td></tr>
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<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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<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>
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<tr>
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<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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>dei:fileNumberItemType</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_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>
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<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>
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<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>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<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 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>
<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_SolicitingMaterial</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>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<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>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>
<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_TradingSymbol</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:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<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 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>
<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_WrittenCommunications</td>
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<td>dei_</td>
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<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>
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