Document:

Exhibit 4.70

 Exhibit 4.70 
 SIRIUS SATELLITE RADIO INC. 
 July 28, 2008 
 Bank of America, N.A. 
 c/o Banc of America Securities LLC 
 9 West 57th
Street, 40th Floor 
 New York, New York 10019

 Attention: Eric Hambleton 
 Dear
Mr. Hambleton:
 Reference is made to the XM Satellite Radio Holdings Inc. (“XM”) Common Stock Purchase Warrant,
represented by a certificate dated as of May 24, 2006 (the “Warrant”) issued to Bank of America, N.A. (“BofA”), as purchaser and transferee of a warrant originally issued to Boeing Satellite Systems
International, Inc. dated as of July 31, 2003, and assumed by Sirius Satellite Radio Inc., a Delaware corporation (“Sirius”) pursuant to the Agreement and Plan of Merger, dated as of February 19, 2007 (the “Merger
Agreement”; capitalized terms used but not defined herein shall have the meaning set forth in the Merger Agreement) among Sirius, Vernon Merger Corporation, a Delaware corporation and direct wholly-owned subsidiary of Sirius
(“Merger Co.”) and XM, pursuant to which Merger Co. merged with and into XM, with XM as the surviving corporation (the “Merger”), on July 28, 2008. 
 Pursuant to Section 7.1(c) of the Warrant, notice is hereby given with respect to the following: 
 1. Pursuant to Section 7.4 of the Warrant, XM provided notice to BofA on November 28, 2007, via facsimile and first-class certified mail, of the
pending Merger. 
 2. Pursuant to the Merger Agreement, Merger Co. merged with and into XM, with XM as the surviving corporation on
July 28, 2008. 
 3. Pursuant to Section 2.1(b) of the Merger Agreement, upon consummation of the Merger, issued and outstanding
shares of XM Class A common stock, par value $0.01 per share (“XM Common Stock”), were canceled and extinguished and automatically converted into the right to receive 4.60 fully paid and nonassessable shares of Sirius common
stock, par value $0.001 per share (“Sirius Common Stock”). 

 4. Pursuant to Section 2.6 of the Merger Agreement, from and after the effective time of the Merger
(the “Effective Time”), each warrant to purchase shares of the XM Common Stock (each, an “XM Warrant“) which was outstanding immediately prior to the Effective Time, was converted into and become a warrant to
purchase shares of Sirius Common Stock (each, a “Converted Warrant“) on terms substantially identical to those in effect immediately prior to the Effective Time under the terms of the warrant or other related agreement or award
pursuant to which such XM Warrant was granted; provided, however, that, subject to the terms of the XM Warrants, from and after the Effective Time, (i) each such Converted Warrant may be exercised solely to purchase shares of
Sirius Common Stock, (ii) the number of shares of Sirius Common Stock issuable upon exercise of such Converted Warrant shall be equal to the number of shares of the XM Common Stock that were issuable upon exercise under the corresponding XM
Warrant immediately prior to the Effective Time multiplied by 4.60 and rounded down to the nearest whole share and (iii) the per share exercise price under such Converted Warrant shall be determined by dividing the per share exercise price of
the corresponding XM Warrant immediately prior to the Effective Time by 4.60 and rounded up to the nearest whole cent. 
 5. In accordance
with the foregoing, the Warrant has been adjusted from the right to acquire 500,000 shares of XM Common Stock at an exercise price of $13.524 per share to the right to acquire 2,300,000 shares of Sirius Common Stock at an exercise price of $2.94 per
share payable to the Warrant Agent for the account of Sirius. 
 6. Sirius hereby assumes the obligation to deliver to BofA the shares of
stock, securities or assets to which BofA may be entitled under the Warrant, and all other obligations of XM under the Warrant. 
  

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 Sincerely, 
  

			
	SIRIUS SATELLITE RADIO INC.
		
	By:	 	 /s/ Patrick L. Donnelly

	Name:	 	Patrick L. Donnelly
	Title:	 	Executive Vice President, General Counsel & Secretary

 [Banc of America N.A. Warrant - Certificate of Adjustment]Exhibit 4.71

 Exhibit 4.71 
 THIS SECOND SUPPLEMENTAL INDENTURE, dated as of July 28, 2008 (this “Second Supplemental Indenture”), is by and among XM Satellite Radio Holdings, Inc., a Delaware corporation (the “Company”),
Sirius Satellite Radio Inc., a Delaware corporation (the “Parent”) and The Bank of New York, a New York banking corporation, as Trustee (the “Trustee”). 
 W I T N E S S E T H 
 WHEREAS, the Company and the Trustee have heretofore executed and
delivered an indenture dated as of November 23, 2004 (as amended and supplemented to the date hereof, the “Indenture”), providing for the issuance of the Company’s 1.75% Convertible Senior Notes due 2009 (the “Notes”);

 WHEREAS, the Company and the Trustee have heretofore executed and delivered the First Supplemental Indenture, dated as of July 24,
2008, providing for an increased annual interest rate of 10.00% and certain amendments to the definition of “Fundamental Change”; 
 WHEREAS, the Company, Parent and Vernon Merger Corporation (“Merger Sub”), a wholly-owned subsidiary of Parent, entered into the Agreement and Plan of Merger, dated as of February 19, 2007 (the “Merger Agreement”)
pursuant to which (i) Merger Sub will merge with and into the Company with the Company continuing as the surviving corporation (the “Merger”); and (ii) each issued and outstanding share of common stock, par value $0.01 per share,
of the Company outstanding immediately prior to the Effective Time (as defined below), shall be converted into the right to receive, and shall become exchangeable in accordance with the Merger Agreement for, 4.6 shares of common stock, par value
$0.001 per share, of Parent (the “Parent Common Stock”); 
 WHEREAS, pursuant to Section 12.4 of the Indenture, as a condition
to the consummation of the transactions contemplated by the Merger Agreement, the Company is required to execute a supplemental indenture (i) providing that the Notes shall be convertible into the kind and amount of shares of stock and other
securities, property or assets, which Holders would have been entitled to receive upon the Effective Time had such Notes been converted into Common Stock immediately prior to the Effective Time; and (ii) providing for adjustments of the
Conversion Rate which shall be as nearly equivalent as may be practicable to the adjustments provided for in Article XII of the Indenture; 
 WHEREAS, pursuant to Section 11.1 of the Indenture, the Company may amend or supplement the Indenture in certain circumstances without notice to or consent of any Holder; and 
 WHEREAS, pursuant to Section 11.6 of the Indenture, the Trustee is authorized to execute and deliver this Second Supplemental Indenture. 

NOW, THEREFORE, for and in consideration of the foregoing premises, it is mutually covenanted and agreed, for the equal and proportionate benefit of
all Holders of the Notes, as follows: 
 [1.75% Convertible Senior Notes – Second Supplemental Indenture] 

 1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings
assigned to them in the Indenture. 
 2. Amendments to Section 1.1. Section 1.1 of the Indenture is hereby amended by
inserting each of the following definitions in place of the corresponding definition of such term in the Indenture or, where no definition for such term is provided in the Indenture, inserting the following definitions as new defined terms in
appropriate alphabetical order: 
 “Applicable Stock” means (a) common stock, par value $0.001 per share, of Sirius Satellite
Radio Inc. and/or (b) in the event of a transaction referred to in Section 12.4 of the Indenture in which the Notes become convertible into Equity Interests of another Person, such Equity Interests or any other Equity Interests into which
such Equity Interests shall be reclassified or changed. 
 “Board of Directors” means either the board of directors
of the Company or Parent, as the case may be, or any duly authorized committee of such board. 
 “Conversion Rate”
means the number of shares of Common Stock issuable upon conversion of each $1,000 of the principal amount of the Notes, which is initially 92.0 shares, subject to adjustments as set forth in this Indenture. 
 “Effective Time” means the time at which the Merger becomes effective. 
 “Fundamental Change” means the occurrence of any of the following events: (i) any “person” or “group”
(as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that a Person shall be deemed to have beneficial ownership
of all shares that such Person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 50% of the total outstanding Voting Stock of the Parent or the Company;
(ii) during any period of two consecutive years, individuals who at the beginning of such period constituted the Board of Directors of the Parent or the Company (together with any new directors whose election to such Board of Directors or whose
nomination for election by the stockholders of the Parent or the Company, as the case may be, was approved by a vote of at least 66-2/3% of the directors then still in office who were either directors at the beginning of such period or whose
election or nomination for election was previously so approved) cease for any reason to constitute a majority of such Board of Directors then in office; (iii) the Parent or the Company consolidates with or merges with or into any Person, in any
such event pursuant to a transaction in which the outstanding Voting Stock of the Parent or the Company, as the case may be, is changed into or exchanged for cash, securities or other property, or conveys, transfers, sells or otherwise disposes of
or leases all or substantially all of its assets to any Person, or any corporation consolidates with or merges into or with the Parent or the Company, as applicable, other than any such transaction where the outstanding Voting Stock of the Parent or
Company, as applicable, is not changed or exchanged at all (except to the extent necessary to reflect a change in the jurisdiction of incorporation of the Parent or the Company, as applicable), or where (A) the outstanding Voting Stock of the
Parent or the Company, as the case may be, is 

  

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changed into or exchanged for cash, securities and other property (other than Equity Interests of the surviving corporation) and (B) the stockholders of
the Parent or the Company, as the case may be, immediately before such transaction own, directly or indirectly, immediately following such transaction, more than 50% of the total outstanding Voting Stock of the surviving corporation; (iv) the
Parent or the Company is liquidated or dissolved or adopts a plan of liquidation or dissolution other than in a transaction which complies with the provisions described under ARTICLE VII; or (v) the Common Stock ceases to be traded on a
national securities exchange or quoted on the Nasdaq National Market or the Nasdaq SmallCap Market or traded on an established automated over-the-counter trading market in the United States. With respect to the Notes held by Holders who are party to
the Letter Agreement, the Merger shall not constitute a Fundamental Change and no such Holder shall be entitled to any notice, offer to repurchase Notes or payment with respect thereto. The foregoing shall have no force and effect with respect to
Non-consenting Holders, if any. In no event shall the foregoing be construed as an admission or statement of belief of the Company that the consummation of the Merger constitutes a Fundamental Change. 
 Notwithstanding the foregoing provisions, a “Fundamental Change” shall not be deemed to have occurred if either: 
 (1) the Closing Sale Price of the Common Stock for each of at least five Trading Days within: 
 (i) the period of the ten consecutive Trading Days immediately after the later of the Fundamental Change or the public announcement of
the Fundamental Change, in the case of a Fundamental Change resulting solely from a Fundamental Change in clause (i) of the definition of Fundamental Change; or 
 (ii) the period of the ten consecutive Trading Days immediately preceding the Fundamental Change, in the case of a Fundamental Change
resulting from a Fundamental Change in clauses (ii), (iii) or (iv) of the definition of Fundamental Change; 
 is at least equal to
105% of the quotient where the numerator is the principal amount of a Note and the denominator is the Conversion Rate in effect on each of such five Trading Days, with such calculation being made for each Trading Day; or 
 (2) in the case of a merger or consolidation described in clause (iii) of the definition of Fundamental Change, at least 90% of the
consideration, excluding cash payments for fractional shares and cash payments pursuant to dissenters’ appraisal rights, in the merger or consolidation constituting the Fundamental Change, consists of common stock traded on a U.S. national
securities exchange or quoted on the Nasdaq National Market or the Nasdaq SmallCap Market (or which shall be so traded or quoted when issued or exchanged in connection with such Fundamental Change) and as a result of such transaction or transactions
the Notes become convertible solely into such common stock, excluding cash payments for fractional shares. 
  

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 “Officer” means the Chief Executive Officer, the President, the Chief Financial
Officer, any Vice President, the Treasurer or the Secretary of the Company or Parent, as the case may be. 
 “Officers’ Certificate”, when used with respect to the Company or Parent, as the case may be, means a written certificate containing the information specified in Section 14.4 and Section 14.5, signed in the name of
the Company or Parent, as applicable, by any two Officers, at least one of whom is the Chief Executive Officer or the Chief Financial Officer, and delivered to the Trustee. An Officers’ Certificate given pursuant to Section 6.3 shall be
signed by two Officers, one of whom must be the principal executive officer, the principal financial officer or the principal accounting officer of the Company or Parent, as applicable. 
 “Opinion of Counsel” means a written opinion containing the information specified in Section 14.4 and Section 14.5,
from legal counsel. The counsel may be an employee of, or counsel to, the Company or Parent. 
 “Parent” means
Sirius Satellite Radio Inc., a Delaware corporation, and its successors and assigns. 
 “Parent Subsidiary” means
(i) a corporation, a majority of whose outstanding Voting Stock is, at the date of determination, directly or indirectly owned by Parent, by one or more Parent Subsidiaries or by Parent and one or more Parent Subsidiaries, (ii) a
partnership in which Parent or a Parent Subsidiary holds a majority interest in the equity capital or profits of such partnership, or (iii) any other Person (other than a corporation) in which Parent, a Parent Subsidiary or Parent and one or
more Parent Subsidiaries, directly or indirectly, at the date of determination, has (x) at least a majority ownership interest or (y) the power to elect or direct the election of a majority of the directors or other governing body of such
Person. 
 3. Amendments to Section 6.2(a). The words “and Parent” are hereby inserted after the word
“Company” the first time it appears in the first sentence, and each time it appears in the fourth sentence of Section 6.2(a) of the Indenture. The words “or Parent” are hereby inserted after the word “Company” the
second time it appears in the first sentence, each time it appears in the second and third sentences, and each time it appears in the seventh sentence of Section 6.2(a) of the Indenture. The words “or Parent’s” shall be inserted
after the word “Company’s” in the fifth sentence of Section 6.2(a) of the Indenture. 
 4. Amendments to
Section 6.2(b). The words “Each of” are hereby inserted before, and the words “and Parent” are hereby inserted after, the words “the Company” in the first sentence of Section 6.2(b) of the Indenture. The
words “or Parent” are hereby inserted after the word “Company” each time it appears in the second and third sentence of Section 6.2(b) of the Indenture. The words “or Parent’s” are hereby inserted after the
word “Company’s” in the fifth sentence of Section 6.2(b) of the Indenture. 
  

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 5. Amendments to Section 6.3. The words “and Parent” are hereby inserted after the
word “Company” the first time it appears. The words “or the Parent, as applicable,” are hereby inserted after the word “Company” the second time it appears. 
 6. Amendments to Section 6.4. The words “and Parent” are hereby inserted after the word “Company” each time it appears in
Section 6.4 of the Indenture. 
 7. Amendments to Article 8. The words “or Parent” are hereby inserted after the word
“Company” each time it appears in Section 8.1(f) of the Indenture. 
 8. Amendments to Article 11. The word “,
Parent” is hereby inserted after the word “Company” in the preamble to Section 11.1 of the Indenture and each time it appears in Section 11.1(k) . The words “or Parent” are hereby inserted after the word
“Company” in Sections 11.1(a), 11.1(b), 11.1(j), 11.1(l) and 11.2 of the Indenture. The words “or Parent’s” are hereby inserted after the word “Company’s” in Sections 11.1(c) and 11.1(d) of the Indenture.

 9. Amendments to Sections 12.3, 12.7, 12.10. The words “the Company” are hereby replaced by the word “Parent”,
and the words “the Company’s” are hereby replaced by the word “Parent’s”, each time they appear in Sections 12.3, 12.7, 12.9 and 12.10 of the Indenture. 
 10. Amendment to Section 12.1(b). The words “the Company” are hereby replaced by the word “Parent” the first time it
appears in Section 12.1(b) of the Indenture. 
 11. Amendment to Section 12.2(a). The third and the fourth paragraphs of
Section 12.2(a) of the Indenture are hereby amended in their entirety to read as follows: 
 “Parent shall not issue fractional
shares of its Common Stock upon conversion of the Notes. In lieu thereof, the Company shall pay in cash the value of such fractional shares based upon the Closing Sale Price of its Common Stock on the Trading Day immediately prior to the date of
conversion. 
 Except as described in Section 12.9, the Company and Parent will not make any payment in cash or Common Stock or other
adjustment for accrued and unpaid interest or Additional Interest on any Notes when they are converted. The Company’s and Parent’s delivery to the Holder of the full number of shares of Common Stock into which the Note is convertible,
together with any cash payment for such Holder’s fractional shares, shall be deemed to satisfy the Company’s obligation to pay the principal amount of the Note and to satisfy its obligation to pay accrued and unpaid interest and Additional
Interest, if any through the conversion date. As a result, accrued interest, and Additional Interest are deemed paid in full rather than cancelled, extinguished or forfeited. Notwithstanding the foregoing, accrued interest and Additional Interest,
if any, will be payable upon any conversion of Notes made concurrently with or after acceleration of the Notes following an Event of Default.” 
 12. Amendment to Section 12.2(e). The last paragraph of Section 12.2(e) of the Indenture is hereby amended in its entirety to read as follows: 
  

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 “Notwithstanding the foregoing, in no event will the total number of shares of Common Stock issuable
upon conversion exceed 129.651 per $1,000 principal amount of Notes, subject to adjustments in the same manner as the Conversion Rate as set forth in Section 12.3.” 
 13. Amendment to Section 12.4. Section 12.4 is hereby amended by replacing the words “the Company” by the word
“Parent” the first and second time they appear in Section 12.4 and by inserting a comma followed by the word “Parent” the third time the words “the Company” appear. 
 14. Amendments to Section 12.6. The words “or Parent” are hereby inserted after the word “Company” the first and third
times it appears in Section 12.6(a) of the Indenture and each time it appears in Section 12.6(b) of the Indenture. The words “the Company” are hereby replaced by the word “Parent” the second time they appear in
Section 12.6(a) of the Indenture. 
 15. Amendments to Section 12.11 and 12.12. The words “or Parent” are hereby
inserted after the word “Company” each time it appears in Sections 12.11 and 12.12 of the Indenture. 
 16. Amendments of
Section 14.2. Section 14.2 of the Indenture is hereby amended in its entirety to read as follows: 
 “Section 14.2. Notices. Any request, demand, authorization, notice, waiver, consent or communication shall be in writing and delivered in person (including by commercial courier services) or mailed by first-class mail, postage
prepaid, addressed as follows or transmitted by facsimile transmission (confirmed by guaranteed overnight courier) to the following facsimile numbers: 
 if to the Parent: 
 Sirius Satellite Radio Inc. 
 1221 Avenue of the Americas, 36th Floor 
 New
York, New York 10020 
 Attention: General Counsel 
 Facsimile: (212) 584-5353 
 with a copy to: 
 Simpson Thacher & Bartlett LLP 
 425
Lexington Avenue 
 New York, New York 10017 
 Attention: Gary Sellers, Esq. 
 Facsimile: (212) 455-2502 
 if to the Company: 
 XM Satellite Radio
Holdings Inc. 
 1500 Eckington Place, N.E. 
  

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 Washington, DC 20002 
 Attention: Chief Financial Officer 
 Facsimile: (202) 969-7113 
 with a copy to: 
 Hogan & Hartson
L.L.P. 
 555 Thirteenth Street, N.W. 
 Washington, D.C. 20004 
 Attention: Steven M. Kaufman, Esq. 
 Facsimile: (202) 637-5910 
 if to the
Trustee: 
 The Bank of New York 
 101 Barclay Street, 8 West 
 New York, New York 10286 
 Attention: Corporate Trust Administration 
 Facsimile No.: (212) 815-5707 
 The Company, Parent or the Trustee by notice given to the other in the manner provided above may designate additional or different
addresses for subsequent notices or communications. 
 Any notice or communication given to a Holder shall be mailed to the
Holder, by first-class mail, postage prepaid, at the Holder’s address as it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 
 Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders.
If a notice or communication is mailed in the manner provided above, it is duly given, whether or not received by the addressee. 
 If the Company or Parent mails a notice or communication to the Holders, it shall mail a copy to the Trustee and each Registrar, Paying Agent, Conversion Agent, or co-registrar.” 
 17. Amendments of Section 14.11. The first sentence of Section 14.11 of the Indenture is hereby replaced with the following sentence:
“All agreements of the Company and Parent in this Indenture and the Notes shall bind their respective successors.” 
 18.
Amendments to Note. The words “the Company” are hereby replaced by the word “Parent” in the third paragraph of Section 7 of the form of Note and the second time they appear in the fourth paragraph of Section 7 of
the form of the Note. 
  

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 19. Amendments to Schedule I. Schedule I of the Indenture is hereby amended in its entirety by
replacing it with Schedule I to this Second Supplemental Indenture. 
 20. Ratification of Indenture; Second Supplemental Indenture Part
of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Second Supplemental Indenture shall form a
part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 21. Governing Law. This Second Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York. 
 22. Counterparts. The parties may sign any number of copies of this Second Supplemental Indenture. Each signed copy shall be an original, but all of them together shall represent the same agreement. 

23. Effect of Headings. The section headings herein are for convenience only and shall not affect the construction hereof. 
 24. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second
Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly
executed, all as of the date first above written. 
  

			
	XM SATELLITE RADIO HOLDINGS INC.
		
	By	 	 /s/ Joseph J. Euteneuer

	Name:	 	Joseph J. Euteneuer
	Title:	 	Executive Vice President
		 	and Chief Financial Officer
	
	SIRIUS SATELLITE RADIO INC.
		
	By	 	 /s/ Patrick Donnelley

	Name:	 	Patrick Donnelley
	Title:	 	Executive Vice President and General Counsel
	
	THE BANK OF NEW YORK, as Trustee
		
	By:	 	 /s/ Remo J. Reale

	Name:	 	Remo J. Reale
	Title:	 	Vice President

 [1.75% Convertible Senior Notes – Second Supplemental Indenture] 

 Schedule I 
 The following table sets forth the Stock Prices and number of Additional Shares to be issuable per $1,000 principal amount of Notes: 
 XM Satellite Radio Holdings Inc. 
 Conversion Rate Adjustment Table 
  

																															
	 	  	Stock Price
	 Effective Date
	  	$7.71	  	$8.70	  	$9.78	  	$10.87	  	$11.96	  	$13.04	  	$14.13	  	$15.22	  	$16.30	  	$17.39	  	$18.48	  	$19.57	  	$20.65	  	$21.74	  	$27.17
	 December 1, 2008
	  	37.504	  	26.698	  	18.409	  	12.751	  	8.878	  	6.224	  	4.393	  	3.128	  	2.249	  	1.633	  	1.205	  	0.902	  	0.685	  	0.529	  	0.184
	 December 1, 2009
	  	0.000	  	0.000	  	0.000	  	0.000	  	0.000	  	0.000	  	0.000	  	0.000	  	0.000	  	0.000	  	0.000	  	0.000	  	0.000	  	0.000	  	0.000

 [1.75% Convertible Senior Notes – Second Supplemental Indenture]

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