Document:

exhibit413

November 15, 2013      NFL Enterprises LLC   280 Park Avenue   New York, New York 10017   Attention: President      Dear Sir or Madam:       Reference is made to the Sirius XM Radio Inc. (“Sirius”) Common Stock Purchase   Warrant (the “Warrant”) issued to NFL Enterprises LLC (“NFL”), and assumed by Sirius XM   Holdings Inc., a Delaware corporation (“Holdings”), pursuant to the Agreement and Plan of   Merger, dated as of November 14, 2013 (the “Merger Agreement”; capitalized terms used but   not defined herein shall have the meaning set forth in the Merger Agreement) among Sirius,   Holdings, and Sirius XM Merger Sub Inc., a Delaware corporation (“Merger Sub”), pursuant to   which Sirius reorganized itself into a holding company structure.  Pursuant to the Merger   Agreement, on November 15, 2013, Merger Sub merged with and into Sirius, with Sirius   continuing its corporate existence under Delaware law (the “Merger”), and Holdings became the   direct parent of Sirius.  This letter is provided pursuant to Section 6.4 of the Warrant.       1. Pursuant to Section 6.7 of the Warrant, Sirius provided notice to NFL on October   4, 2013, via United Parcel Service, of Sirius’ intention to enter into the Merger   Agreement and consummate the Merger.      2. Pursuant to the Merger Agreement, upon consummation of the Merger, each   issued and outstanding share of common stock, par value $0.001 per share, of   Sirius (“Sirius Common Stock”), other than any Sirius Common Stock held in   treasury, was cancelled and extinguished and converted automatically into the   right to receive one validly issued, fully paid and non-assessable share of common   stock, par value $0.001 per share, of Holdings (“Holdings Common Stock”).    Immediately following the effective time of the Merger (the “Effective Time”),   the designations, rights, powers and preferences, and qualifications, limitations   and restrictions, of the Holdings Common Stock are, in each case, identical with   those of the Sirius Common Stock immediately prior to the Effective Time.      3. Pursuant to the Merger Agreement, each warrant to purchase shares of Sirius   Common Stock (each, a “Sirius Warrant”) which was outstanding immediately   prior to the Effective Time was assumed by Holdings (each, an “Assumed   Warrant”).  Each Assumed Warrant continues to have, and be subject to, the same   terms and conditions as set forth in the applicable Sirius Warrant immediately in   effect prior to the Effective Time, except that subject to the terms of the Sirius   Warrants, from and after the Effective Time, (a) each such Assumed Warrant is   exercisable solely to purchase shares of Holdings Common Stock, (b) the number   of shares of Holdings Common Stock issuable upon exercise of such Assumed   Warrant is equal to the number of shares of Sirius Common Stock that was   issuable upon exercise under the corresponding Sirius Warrant immediately prior     

 

  2   to the Effective Time and (c) the per share exercise price under such Assumed   Warrant is identical to the per share exercise price of the corresponding Sirius   Warrant immediately prior to the Effective Time.      4. Pursuant to Section 6.4 of the Warrant, Holdings hereby assumes the obligation to   deliver to NFL the shares of stock, securities or assets to which NFL may be   entitled under the Warrant, and all other obligations of Sirius under the Warrant.           

 

Sincerely,      SIRIUS XM HOLDINGS INC.         By: /s/ Patrick L. Donnelly___________________   Patrick L. Donnelly   Executive Vice President, General Counsel and   Secretaryexhibit415

   November 15, 2013      Liberty Radio, LLC   c/o Liberty Media Corporation   12300 Liberty Boulevard   Englewood, Colorado 80112   Attention: General Counsel      Dear Sir or Madam:       Reference is made to the Investment Agreement (the “Investment Agreement”), dated as   of February 17, 2009 between Sirius XM Radio Inc. (“Sirius”) and Liberty Radio, LLC (“Liberty   Radio”).        Sirius proposes to reorganize its corporate structure (the “Reorganization”) whereby   Sirius would become a direct, wholly-owned subsidiary of Sirius XM Holdings Inc., a newly   formed Delaware corporation (“Holdings”), pursuant to Section 251(g) of the General   Corporation Law of the State of Delaware (the “DGCL”) and pursuant to an Agreement and Plan   of Merger (the “Merger Agreement”) to be entered into by and among Sirius, Holdings and   Sirius XM Merger Sub Inc., a Delaware corporation (“Merger Sub”).  Pursuant to the Merger   Agreement, Merger Sub would merge with and into Sirius (the “Merger”) with Sirius being the   surviving entity.  Pursuant to the Merger Agreement, upon consummation of the Merger, (i) each   issued and outstanding share of common stock, par value $0.001 per share, of Sirius (“Sirius   Common Stock”), other than any Sirius Common Stock held in treasury, will be cancelled and   extinguished and converted automatically into the right to receive one validly issued, fully paid   and non-assessable share of common stock, par value $0.001 per share, of Holdings (“Holdings   Common Stock”) and (ii) each share of Sirius Common Stock held in treasury will be cancelled   and extinguished.  Immediately following the effective time of the Merger (the “Effective   Time”), the designations, rights, powers and preferences, and qualifications, limitations and   restrictions, of the Holdings Common Stock will be, in each case, identical with those of the   Sirius Common Stock immediately prior to the Effective Time.      In connection with the Reorganization:      1. Assignment.  Sirius hereby assigns to Holdings all of its rights and obligations   under the Investment Agreement, effective as of the Effective Time.   2. Assumption.  Holdings hereby assumes all of the rights and obligations of Sirius   under the Investment Agreement, and agrees to abide by and perform all the terms, covenants   and conditions of Sirius under the Investment Agreement, effective as of the Effective Time.     3. Representation.  Holdings represents and warrants to Liberty Radio that (i) prior   to the date of this letter agreement, the Board of Directors of Holdings has duly adopted a   resolution approving, among other things, the acquisition by Liberty Radio and the other Exempt   Persons (as defined in Exhibit C to the Investment Agreement) of shares of Holdings Common   Stock for purposes of Section 203 of the Delaware General Corporation Law, which resolution is   in substantially the form of the resolution attached as Exhibit C to the Investment Agreement     

 

  2   (with changes therein reasonably necessary to reflect the terms of the Reorganization) and (ii)   prior to the Effective Time Holdings will not have approved, implemented or taken any action in   furtherance of the adoption or implementation of any Anti-Takeover Provision (as defined in the   Investment Agreement) with respect to Holdings or any of the other actions prohibited pursuant   to Section 3.2(b) of the Investment Agreement.   4. Amendment of Certain Terms.  (a) As of the Effective Time, and in accordance   with Section 5.3 of the Investment Agreement, the Investment Agreement will be deemed   amended to the extent reasonably necessary to reflect the terms of the Reorganization, including,   without limitation, amending the term “Company” to mean Holdings rather than Sirius and   “Common Stock” to mean Holdings Common Stock rather than Sirius Common Stock, in each   case for all purposes thereof.     (b) The parties also acknowledge that the Shelf Registration Statement (as   defined in the Investment Agreement) was not filed on the dates specified in Section 4.7(a)(1) of   the Investment Agreement pursuant to agreement of the parties and that in lieu thereof, the   parties agree that such a Shelf Registration Statement will be filed promptly upon the written   request of Liberty Radio and that the timing and performance of the Company’s obligations   related thereto will be appropriately adjusted consistent with the foregoing.   5. Governing Law.  This letter agreement will be governed by and construed in   accordance with the laws of the State of New York.  The parties hereby irrevocably and   unconditionally consent to submit to the exclusive jurisdiction of the state and federal courts   located in the Borough of Manhattan, State of New York for any actions, suits or proceeds   arising out of or relating to this letter agreement and the transactions contemplated hereby.   6. Further Actions.  Each of the parties hereto hereby agrees to take such further   actions as may be reasonably necessary to give effect to the transactions contemplated hereby.   7. Severability.  If any provision of this letter agreement shall be held to be illegal,   invalid or unenforceable, that provision will be enforced to the maximum extent permissible so   as to effect the intent of the parties, and the validity, legality or unenforceability of the remaining   provisions shall not be affected or impaired thereby.  If necessary to effect the intent of the   parties, the parties will negotiate in good faith to amend this letter agreement to replace the   unenforceable language with enforceable language which as closely as possible reflects such   intent.   8. Entire Agreement.  This letter agreement and the Investment Agreement   constitute the entire agreement, and supersede all other prior agreements, understandings,   representations and warranties, both written and oral, among the parties, with respect to the   subject matter hereof and thereof.  This letter agreement will not be assignable except as   provided herein (any attempted assignment in contravention hereof being null and void), and   except that this letter agreement may be assigned by Liberty Radio to any Liberty Party (as   defined in the Investment Agreement) that executes and delivers to Holdings a written agreement   to be bound by, and entitled to the benefit of, this letter agreement, and upon any such   assignment and assumption, all references in this letter agreement to Liberty Radio shall be   deemed to refer to such Liberty Party.       

 

  3   9. Amendments.  This letter agreement may not be modified or amended except by a   writing executed by the parties hereto.   10. Counterparts.  This letter agreement may be executed in two or more counterparts,   each of which shall be deemed an original.   11. Investment Agreement.  Other than as specifically set forth herein, all other terms   and conditions of the Investment Agreement shall remain unaffected by the terms of this letter   agreement, and shall remain in full force and effect.   [Remainder of page intentionally left blank.]        

 

    [Signature Page to Investment Agreement Assumption]   Sincerely,      SIRIUS XM RADIO INC.         By: /s/ Patrick L. Donnelly____________________   Patrick L. Donnelly   Executive Vice President, General Counsel and   Secretary         SIRIUS XM HOLDINGS INC.         By: /s/ Patrick L. Donnelly____________________   Patrick L. Donnelly   Secretary         Acknowledged and agreed to by:      LIBERTY RADIO, LLC         By: /s/ Craig Troyer_________________   Name:  Craig Troyer   Title:    Vice President      Date: November 15, 2013

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