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0000930413-19-000265 Sample Contracts

PANDORA MEDIA, LLC SIRIUS XM HOLDINGS INC. AND CITIBANK, N.A., as Trustee THIRD SUPPLEMENTAL INDENTURE February 1, 2019
Third Supplemental Indenture • February 1st, 2019 • Pandora Media, LLC • Radio broadcasting stations • New York

THIRD SUPPLEMENTAL INDENTURE, dated as of February 1, 2019 (this “Supplemental Indenture”), among Pandora Media, LLC (f/k/a Pandora Media, Inc.), a Delaware limited liability company (the “Company”), Sirius XM Holdings Inc., a Delaware corporation (the “Guarantor”), and Citibank, N.A., a national banking association, as trustee (the “Trustee”), to the Indenture, dated as of December 9, 2015 (the “Original Indenture”), between the Company and the Trustee, as amended by the First Supplemental Indenture (the “First Supplemental Indenture”), dated as of January 25, 2019, between the Company and the Trustee and the Second Supplemental Indenture, dated as of February 1, 2019 (the “Second Supplemental Indenture” and, together with the Original Indenture and the First Supplemental Indenture, the “Indenture”), among the Company, Billboard Holding Company, Inc., a Delaware corporation and the direct parent company of the Company (“New Holding Company”), and the Trustee.

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PANDORA MEDIA, INC. AND CITIBANK, N.A., as Trustee FIRST SUPPLEMENTAL INDENTURE January 31, 2019
First Supplemental Indenture • February 1st, 2019 • Pandora Media, LLC • Radio broadcasting stations • New York

FIRST SUPPLEMENTAL INDENTURE, dated as of January 31, 2019 (this “Supplemental Indenture”), between Pandora Media, Inc., a Delaware corporation (the “Company”), and Citibank, N.A., a national banking association, as trustee (the “Trustee”), to the Indenture, dated as of June 1, 2018 (the “Original Indenture”), between the Company and the Trustee.

PANDORA MEDIA, INC. BILLBOARD HOLDING COMPANY, INC. AND CITIBANK, N.A., as Trustee SECOND SUPPLEMENTAL INDENTURE February 1, 2019
Second Supplemental Indenture • February 1st, 2019 • Pandora Media, LLC • Radio broadcasting stations • New York

SECOND SUPPLEMENTAL INDENTURE, dated as of February 1, 2019 (this “Supplemental Indenture”), among Pandora Media, Inc., a Delaware corporation (the “Company”), Billboard Holding Company, Inc., a Delaware corporation (“New Holding Company”), and Citibank, N.A., a national banking association, as trustee (the “Trustee”), to the Indenture, dated as of December 9, 2015 (the “Original Indenture”), between the Company and the Trustee, as amended by the First Supplemental Indenture (the “First Supplemental Indenture” and, together with the Original Indenture, the “Indenture”), dated as of January 25, 2019, between the Company and the Trustee.

LIMITED LIABILITY COMPANY AGREEMENT OF PANDORA MEDIA, LLC
Limited Liability Company Agreement • February 1st, 2019 • Pandora Media, LLC • Radio broadcasting stations • Delaware

This Limited Liability Company Agreement (this “Agreement”) of Pandora Media, LLC (the “Company”), dated as of February 1, 2019, is executed by Billboard Holding Company, Inc., as the sole member (the “Member”) of the Company.

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