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NOTICE OF GUARANTEED DELIVERY
XM SATELLITE RADIO INC.
XM SATELLITE RADIO HOLDINGS INC.
OFFER TO EXCHANGE
12% SENIOR SECURED NOTES DUE 2010
GUARANTEED BY XM SATELLITE RADIO HOLDINGS INC.
THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933
FOR ANY AND ALL OUTSTANDING
12% SENIOR SECURED NOTES DUE 2010
GUARANTEED BY XM SATELLITE RADIO HOLDINGS INC.
PURSUANT TO THE PROSPECTUS DATED , 2003
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THE EXCHANGE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW
YORK CITY TIME, ON , 2003 (THE "EXPIRATION DATE"), UNLESS THE
EXCHANGE OFFER IS EXTENDED BY XM SATELLITE RADIO INC.
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This form or one substantially equivalent hereto must be used by a holder of
Old Notes (as defined below) to accept the Exchange Offer of XM Satellite
Radio Inc. (the "Issuer") and to tender Old Notes to The Bank of New York, as
exchange agent (the "Exchange Agent") pursuant to the guaranteed delivery
procedures described in "The Exchange Offer--Delivery of Documents to DTC does
not constitute delivery to the Exchange Agent--Guaranteed Delivery" of the
Issuer's Prospectus dated July , 2003 (the "Prospectus") and in Instruction 1
to the related Letter of Transmittal. The Exchange Offer provides holders of the
Issuer's outstanding 12% Senior Secured Notes due 2010 (the "Old Notes") the
opportunity to exchange such Old Notes for the 12% Senior Secured Notes due 2010
offered pursuant to the Prospectus (the "Exchange Notes"), which Exchange Notes
have been registered under the Securities Act of 1933, as amended (the
"Securities Act"), pursuant to a Registration Statement of which the Prospectus
is a part. Any holder who wishes to tender Old Notes pursuant to such guaranteed
delivery procedures must ensure that the Exchange Agent receives this Notice of
Guaranteed Delivery prior to the Expiration Date of the Exchange Offer.
Capitalized terms used but not defined herein have the respective meaning given
to them in the Prospectus.
THE BANK OF NEW YORK, EXCHANGE AGENT
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BY MAIL: BY FACSIMILE:
The Bank of New York The Bank of New York
101 Barclay Street--7 East 101 Barclay Street--7 East
New York, NY 10286 New York, NY 10286
Attention: Reorganization Unit Attention: Reorganization Unit
Fax Number: (212) 298-1915
Confirm by Telephone: (212) 815-5098
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Originals of all documents sent by facsimile should be sent promptly by
registered or certified mail, by hand or by overnight delivery service.
Facsimile transmission is available to a member firm of a registered national
securities exchange, a member firm of the National Association of Securities
Dealers, Inc., a commercial bank or trust company having an office or
correspondent in the United States or an "eligible guarantor institution" within
the meaning of Rule 17Ad-15 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act") (an "Eligible Institution").
DELIVERY OF THIS NOTICE TO AN ADDRESS OR TRANSMISSION OF INSTRUCTIONS VIA
FACSIMILE OTHER THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE A VALID DELIVERY.
THIS NOTICE OF GUARANTEED DELIVERY IS NOT TO BE USED TO GUARANTEE
SIGNATURES. IF A SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED TO BE
GUARANTEED BY AN ELIGIBLE INSTITUTION UNDER THE INSTRUCTIONS THERETO, SUCH
SIGNATURE GUARANTEE MUST APPEAR IN THE APPLICABLE SPACE PROVIDED ON THE LETTER
OF TRANSMITTAL FOR GUARANTEE OF SIGNATURES.
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Ladies and Gentlemen:
The undersigned hereby tenders to the Issuer, upon the terms and subject to
the conditions set forth in the Prospectus and the related Letter of
Transmittal, receipt of which is hereby acknowledged, the principal amounts of
Old Notes set forth below pursuant to the guaranteed delivery procedures set
forth in the Prospectus and in Instruction 1 of the Letter of Transmittal.
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DESCRIPTION OF OLD NOTES TENDERED
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AGGREGATE AGGREGATE
CERTIFICATE NUMBER(S) (IF KNOWN) OF OLD NOTES OR PRINCIPAL AMOUNT PRINCIPAL AMOUNT
ACCOUNT NUMBER AT THE BOOK-ENTRY FACILITY REPRESENTED TENDERED
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TOTAL
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Signature of Registered Holder(s) or Authorized Signatory:
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Date:
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Name(s):
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Address:
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ZIP CODE
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Area Code and Tel. No.(s):
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(PLEASE TYPE OR PRINT)
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Principal Amount of Old Notes Tendered:
$
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Certificate Nos. (if available):
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Total Principal Amount Represented by Old
Note Certificate(s):
$
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CHECK IF OLD NOTES WILL BE TENDERED BY
BOOK-ENTRY TRANSFER
/ / The Depository Trust Company
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Account Number:
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THE GUARANTEE ON THE FOLLOWING PAGE MUST BE COMPLETED
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GUARANTEE
(Not to be used for signature guarantee)
The undersigned, being an Eligible Institution, hereby guarantees deposit
with the Exchange Agent of the Letter of Transmittal (or facsimile thereof),
properly completed and duly executed, with any required signature guarantees,
together with the Old Notes tendered hereby in proper form for transfer (or
confirmation of the book-entry transfer of such Old Notes into the Exchange
Agent's account at the Book-Entry Transfer Facility described in the Prospectus
under the caption "The Exchange Offer--Delivery of Documents to DTC does not
constitute delivery to the Exchange Agent--Guaranteed Delivery" and in the
Letter of Transmittal, in proper form for transfer), and any other required
documents, all by 5:00 p.m., New York City time, within three New York Stock
Exchange trading days following the date of execution of the Notice of
Guaranteed Delivery.
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Name of Firm Authorized Signature
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Address Title
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Zip Code Name:
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(Please Type or Print)
Area Code and Tel. No.: Dated:
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NOTE: DO NOT SEND OLD NOTE CERTIFICATES WITH THIS FORM. ACTUAL
SURRENDER OF OLD NOTES MUST BE MADE PURSUANT TO, AND BE
ACCOMPANIED BY, A PROPERLY COMPLETED AND DULY EXECUTED
LETTER OF TRANSMITTAL AND ANY OTHER REQUIRED DOCUMENTS.
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