Document:

Exhibit 4.1

 Exhibit 4.1 
 AMENDMENT NO. 3 TO RIGHTS AGREEMENT 
 This Amendment No. 3, dated as of February 19, 2007
(this “Amendment No. 3”), to the Rights Agreement, dated as of August 2, 2002 (as amended, the “Rights Agreement”), between XM Satellite Radio Holdings Inc., a Delaware corporation (the
“Company”), and Computershare Investor Services, LLC, as successor rights agent to Equiserve Trust Company, N.A. (the “Rights Agent”). 
 W I T N E S S E T H: 
 WHEREAS, the
Company and the Rights Agent have previously entered into the Rights Agreement; and 
 WHEREAS, the Company desires to amend the Rights
Agreement in accordance with Section 27 thereof; and 
 WHEREAS, Sirius Satellite Radio Inc., a Delaware corporation
(“Sirius”), Vernon Merger Corporation, a Delaware corporation and a wholly-owned subsidiary of Sirius (“Merger Sub”) and the Company, have entered into an Agreement and Plan of Merger, dated as of February 19,
2007, (the “Merger Agreement”), pursuant to which Merger Sub will merge with and into the Company, with the Company surviving that merger; and 
 WHEREAS, at a special meeting of the Board of Directors of the Company (the “Board”) held on February 19, 2007, the Board approved this Amendment No. 3 in the manner set forth herein; and

 NOW, THEREFORE, in consideration of the foregoing and mutual agreements set forth in the Rights Agreement and this Amendment No. 3,
the parties agree as follows: 
  

	1.	Amendment to Definition of “Acquiring Person.” Section 1(a) of the Rights Agreement is amended to add the following sentence after the last sentence thereof:
“Notwithstanding the foregoing or any provision to the contrary in this Agreement, none of Sirius Satellite Radio Inc., a Delaware corporation, (“Sirius”), its Subsidiaries, Affiliates or Associates, including Vernon Merger
Corporation, a Delaware corporation and a wholly owned subsidiary of Sirius (“Merger Sub”), is, nor shall any of them be deemed to be, an Acquiring Person by virtue of (i) their acquisition, or their right to acquire,
beneficial ownership of Common Stock of the Company as a result of their execution of the Agreement and Plan of Merger, dated as of February 19, 2007, by and among Sirius, Merger Sub and the Company (the “Merger Agreement”),
(ii) the consummation of the Merger (as defined in the Merger Agreement), or (iii) any other transaction contemplated by the Merger Agreement, it being the purpose of the Company in adopting this amendment to the Agreement that neither the
execution of the Merger Agreement by any of the parties nor the consummation of the transactions contemplated thereby shall in any respect give rise to any provision of the Agreement becoming effective.” 

  

	2.	 Amendment to Definition of “Distribution Date.” Section 1(j) of the Rights Agreement is amended to add the following proviso at the end of
such section: “; provided, however, that notwithstanding the foregoing, a Distribution Date shall not 

  

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occur or be deemed to have occurred as a result of the execution of the Merger Agreement or the announcement or consummation of the transactions contemplated
thereby.” 

  

	3.	Amendment to Definition of “Section 11(a)(ii) Event.” Section 1(aa) of the Rights Agreement is amended to add the following proviso at the end of such section:
“; provided, however, that notwithstanding the foregoing, a Section 11(a)(ii) Event shall not occur or be deemed to have occurred as a result of the execution of the Merger Agreement or the announcement or consummation of the transactions
contemplated thereby.” 

  

	4.	Amendment to Definition of “ Section 13 Event.” Section 1(bb) of the Rights Agreement is amended to add the following proviso at the end of such section:
“; provided, however, that notwithstanding the foregoing, a Section 13 Event shall not occur or be deemed to have occurred as a result of the execution of the Merger Agreement or the announcement or consummation of the transactions
contemplated thereby.” 

  

	5.	Amendment to Definition of “Stock Acquisition Date.” Section 1(ff) of the Rights Agreement is amended to add the following proviso at the end of such section:
“; provided, however, that notwithstanding the foregoing, a Stock Acquisition Date shall not occur or be deemed to have occurred as a result of the execution of the Merger Agreement or the announcement or consummation of the transactions
contemplated thereby.” 

  

	6.	Amendment to Definition of “Triggering Event.” Section 1(hh) of the Rights Agreement is amended to add the following proviso at the end of such section:
“; provided, however, that notwithstanding the foregoing, a Triggering Event shall not occur or be deemed to have occurred as a result of the execution of the Merger Agreement or the announcement or consummation of the transactions contemplated
thereby.” 

  

	7.	Amendment to Section (3)(a). Section 3(a) of the Rights Agreement is amended to add the following sentence after the last sentence thereof: “Notwithstanding the
foregoing or any provision to the contrary in this Agreement, a Distribution Date shall not occur or be deemed to have occurred as a result of the execution of the Merger Agreement or the announcement or consummation of the transactions contemplated
thereby.” 

  

	8.	Amendment to Section 11(a)(ii). Section 11(a)(ii) of the Rights Agreement is amended to add the following proviso at the end of such section: “; provided,
however, that notwithstanding the foregoing, no provision for adjustment shall be made pursuant to this Section 11(a)(ii) as a result of the execution of the Merger Agreement or the announcement or consummation of the transactions contemplated
thereby.” 

  

	9.	Amendment to Section 13(a). Section 13(a) of the Rights Agreement is amended to add the following proviso at the end of such section: “; provided, however,
that notwithstanding the foregoing, no provision for adjustment shall be made pursuant to this Section 13(a) as a result of the execution of the Merger Agreement or the announcement or consummation of the transactions contemplated
thereby.” 

  

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	10.	Addition of new Section 36. A new Section 36 is hereby added reading in its entirety as follows: “This Agreement and the Rights established hereby will
terminate in all respects immediately prior to the Effective Time (as defined in the Merger Agreement). The Company hereby agrees to promptly notify the Rights Agent, in writing, upon the occurrence of the Effective Time (as defined in the Merger
Agreement), which notice shall specify (i) that the Effective Time (as defined in the Merger Agreement) has occurred, and (ii) the date upon which this Agreement and the Rights established hereby were terminated.”

  

	11.	Termination of Merger Agreement. If for any reason the Merger Agreement is terminated and the Merger is abandoned, then this Amendment shall be of no further force and effect
and the Agreement shall remain exactly the same as it existed immediately prior to execution of this Amendment No. 3. 

  

	12.	Definitions. Terms not otherwise defined in this Amendment No. 3 shall have the meaning ascribed to such terms as in the Rights Agreement. The term
“Agreement” or “Rights Agreement” as used in the Rights Agreement shall be deemed to refer to the Rights Agreement, as amended hereby, and all references to the Agreement or Rights Agreement shall be deemed to
include this Amendment No. 3. 

  

	13.	Governing Law. This Amendment No. 3 shall be governed by, and construed in accordance with, the laws of the State of Delaware, regardless of the laws that might
otherwise govern under applicable principles of conflict of laws; provided, however, that all provisions of this Amendment No. 3 regarding the rights, duties and obligations of the Rights Agent shall be governed by, and construed
in accordance with, the laws of the State of New York. 

  

	14.	Counterparts. This Amendment No. 3 may be executed in one or more 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 party and delivered to the other parties. 

  

	15.	Descriptive Headings. Descriptive headings of the several Sections of this Amendment No. 3 are inserted for convenience only and shall not control or affect the meaning
or construction of any of the provisions hereof. 

  

	16.	Effectiveness. This Amendment No. 3 shall be effective as of the date first written above, and except as expressly set forth herein, the Rights Agreement shall remain in
full force and effect and otherwise shall be unaffected hereby. 

  

	17.	Severability. If any term, provision, covenant or restriction of this Amendment No. 3 is held by a court of competent jurisdiction or other authority to be invalid, void
or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment shall remain in full force and effect and shall in no way be affected, impaired or invalidated. 

  

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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to be duly executed as of
the day and year first above written. 
  

			
	XM SATELLITE RADIO HOLDINGS INC.
		
	By:	 	 /s/ Joseph M. Titlebaum

	Name:	 	Joseph M. Titlebaum
	Title:	 	General Counsel

  

			
	COMPUTERSHARE INVESTOR SERVICES,
LLC, as Rights Agent
		
	 By:
	 	 /s/ Dennis V. Moccia 

	Name:	 	Dennis V. Moccia
	Title:	 	Director

  

 4Employment Agreement, dated 2/18/1999, Con Ed. of  New York and F. Resheske

 Exhibit 10.2.14 
 EMPLOYMENT AGREEMENT 
 EMPLOYMENT AGREEMENT made this 18th day of February, 1999, between CONSOLIDATED EDISON COMPANY OF NEW YORK, INC., a
New York corporation (the “Company”) , and FRANCIS RESHESKE (the “Employee”). 
 Whereas, the Company desires to employ the
Employee and the Employee desires to be employed by the Company, upon the terms and conditions hereinafter set forth; 
 NOW, THEREFORE, in
consideration of the premises and covenants contained herein, the Company and the Employee agree as follows: 
 1. Employment. The Company shall
employ the Employee, and the Employee shall accept employment by the Company, effective February 1, 1999 (the “Effective Date”). Commencing on the Effective Date, the Employee shall serve as Director of Public Affairs of the Company.
During the Term (as defined in Paragraph 2) the Employee shall serve in such positions and capacities, have such responsibilities, and perform such duties as may be assigned to her by the Company’s Board of Trustees or chief executive officer
or other person or persons designated by the chief executive officer. 
 2. Term of Employment. The Term of the Employee’s employment under
this Agreement shall be the three (3) year period commencing on the Effective Date and ending on February 1, 2002 (such period being hereinafter called the “Term”), unless terminated earlier as provided in Paragraph 3 below. Employee after
the expiration of the Term shall be “at will” and not under the terms of this Agreement, except as otherwise provided herein. 
 3. (a)
Salary. As of the Effective Date, the Company shall pay and the Employee shall accept a basic salary of One hundred sixty thousand dollars ($160,000) per annum, which shall accrue and be payable in equal monthly installments in accordance
with the Company’s prevailing payment practices for salary, as such practices may change from time to time. The Company shall review the Employee’s position and the amount of the Employee’s annual salary after six months of employment
and at least annually thereunder. The Company shall continue to accrue and pay the Employee the annual salary until the occurrence of the earliest of (A) the date of the Employee’s death, (B) in the event the Employee becomes totally
disabled (as defined under the Company’s Long Term Disability Plan for Management Employees), the expiration of the salary continuation period applicable to the Employee under the Company’s sick leave policy in effect for its management
employees, (C) the effective date of the Employee’s voluntary resignation, (D) the expiration of the Term, and (E) the effective date of the Employee’s termination of employment by the Company for cause. For purposes of this Agreement
cause shall mean the materially unsatisfactory performance by the Employee of her duties and responsibilities as reasonably determined by the Company in its sole discretion. 
 (b) One-Time Payment. In addition to the Employee’s salary payment of the months of March, 1999, the Company shall make a lump sum payment in the amount
of Twenty-five thousand dollars ($25,000) to the Employee in March 1999. 
 4. (a) Supplemental Pension Benefits. If the Employee is in the
Company’s employ on the third anniversary of the Effective Date, the Employee shall then be credited with three supplemental years of service for all purposes for which years of service are counted in determining the pension payable by the
Company; if the Employee is in the Company’s employ on the fourth anniversary of the Effective Date, the Employee shall then be credited with an additional supplemental year of service for pension purposes, if the Employee is in the
Company’s employ on the fifth anniversary of the Effective Date, the Employee shall then be credited with another additional supplemental year of service, with the result that on the fifth anniversary of the Effective Date the Employee shall
have been granted five supplemental years of service. The supplemental years of service shall be in addition to the years of service actually earned by the Employee under the Company’s qualified defined benefit pension plan. The benefits
attributable to such supplemental years of service shall be payable under the Company’s non-qualified defined benefit pension plan, minus any benefits payable to the Employee under the Company’s qualified defined benefit pension plan. This
Paragraph 4 shall survive the expiration of the term. 
 (b) Account. The Company shall establish a memorandum account on is books for the
Employee as a bookkeeping convenience at such time or times as amounts of benefits are accrued under this Paragraph (“Unfunded Amounts”). The Company shall not be required to segregate any funds representing any Unfunded Amounts, and
nothing in this Agreement shall be construed as providing for such segregation. In addition, the Company shall not be deemed to be a trustee or a fiduciary for the Employee of any Unfunded Amounts, and the liabilities of the Company to the Employee
in respect of the Unfunded Amounts shall be those of a debtor pursuant to such contract obligations as are created by this Agreement, and no such liabilities of the Company shall be deemed to be secured 

 
by any pledge or other encumbrance on any property of the Company. Commencing in the calendar year 2003, the Company shall furnish a report to the Employee showing as
of the preceding December (i) total accrued pension benefits and (ii) accrued Unfunded Amounts. 
 5. Benefits. During the Term the Employee
shall be eligible to participate in all compensation, pension, savings, health and welfare, and other employee benefit plans and arrangements, and shall be subject to all programs, policies and practices of the Company, applicable to management
employees of the Company in accordance with the terms and conditions of such plans, arrangements, programs, policies and practices and shall enjoy all perquisites and other fringe benefits that the Company may from time to time make available to its
management employees. Notwithstanding the foregoing sentence, the Employee shall be eligible for five (5) weeks of paid vacation each calendar year, commencing in 1999. 
 6. Entire Agreement. This Agreement supersedes all prior or contemporaneous agreements or understandings, written or oral, between the Employee and the Company and constitutes the only and entire agreement and
understanding of the Employee and the Company with respect to the matters provided for in this Agreement. 
 7. Assignment and Successorship.
This Agreement shall not be assignable by either party, nor shall either party have the right to assign any rights of privileges or delegate any duties or obligations under this Agreement without the prior written consent of the other party;
provided, however, that upon the sale of all or substantially all of the assets, business and goodwill of the Company, or upon its merger or consolidation with another corporation, or company or other entity, this Agreement shall inure to the
benefit of and be binding upon the Employee and the purchasing, surviving or resulting corporation, company or other entity in the same manner and to the same extent as though such other corporation, company or entity were the Company. 

8. Governing Law. This Agreement and all questions arising hereunder shall be construed and interpreted according to the laws of the State of New York.

 9. Amendment. This Agreement may not be amended or modified otherwise than by a written agreement executed by the Employee and the Company.

 10. Severability. In the event that any provision of this Agreement shall be determined to be invalid or unenforceable for any reason, the
remaining provisions shall remain in full force and effect to the fullest extent permitted by law. 
 11. Headings. The headings of the
Paragraphs of this Agreement are included solely for convenience of reference and shall not control the meaning or interpretation of any provision of this Agreement. 
 IN WITNESS WHEREOF, the Employee has subscribed her name and the Company, pursuant to authorization by its Board of Trustees, has caused this instrument to be executed and delivered in its name and on its behalf, all as of the
day and year first above written. 
  

									
	 Attest:
	 		 	 CONSOLIDATED EDISON COMPANY
 OF NEW YORK,
INC.

					
	 By:
	 	 /s/    Archie M. Bankston
	 		 	By:	 	 /s/    Richard P. Cowie

		 	Secretary	 		 		 	 Richard P. Cowie
 Vice President-
 Employee Relations

					
		 		 		 		 	 /s/    Frances Resheske

		 		 		 		 	Frances Resheske

  

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