Exhibit 10.1



Portions of this exhibit have been omitted pursuant to a request
for confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934. Such portions are marked “[*]” in this document; they have been filed separately with the Commission.



June
26, 2012



Globalstar Canada Satellite Co. ("Globalstar Canada")

115 Matheson Boulevard West, Suite 100

Mississauga, Ontario, L5R 3L1

Canada



Globalstar, Inc. ("Globalstar, Inc.")

300 Holiday Square Blvd.

Covington, Louisiana 70433

Attention: Mr. Jay Monroe



Ref: Contract Number GINC-C-08-0390 ("Contract")
between Globalstar Canada and Hughes Network Systems, LLC ("Hughes"), as amended;

Letter Agreement, dated March 21, 2011, as amended
on Oct. 14, 2011 and December 30, 2011 and March 30, 2012 (the "Letter Agreement")



Dear Jay:



This letter memorializes
the recent discussions regarding certain milestone payments due and payable to Hughes under the Contract and reflects the parties'
further understandings and agreements in respect of the Letter Agreement. The Specified Amount currently owing from Globalstar
Canada to Hughes (excluding accrued interest) is $19,831,729, which includes the remaining $1,277,243 of the January 2011 milestone
payment and the full amounts of the April and July 2011 milestone payments. The deadline stated in the Letter Agreement for repayment
of the Specified Amount is the earlier of [*] and June 29, 2011 (such earlier date, the "Due Date").



The parties hereby agree to further amend
the Letter Agreement as follows:



·Globalstar
Canada agrees to pay to Hughes $1,000,000 in two installments, as follows: i) $500,000 no later than July 6, 2012 ("Installment
Payment #1"); and ii) $500,000 no later than August 15, 2012 ("Installment Payment #2"). Both such payments shall
be credited against the January 2011 milestone payment and upon receipt of each such payment, the Specified Amount shall be reduced
by the amount paid.

·Provided
that Hughes receives Installment Payment #1 no later than July 6, 2012, the Due Date for repayment of the Specified Amount shall
be extended to the earlier of [*] and August 15, 2012.



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·Provided
that Hughes receives Installment Payment #1 no later than July 6, 2012 and receives Installment Payment #2 no later than August
15, 2012, the Due Date for repayment of the Specified Amount shall be further extended to the earlier of [*] and September 28,
2012.

·Upon
each extension of the Due Date as specified above, the dates specified in Paragraphs 2¬3 of the Letter Agreement shall be extended
to the then-current Due Date, and the associated dates referenced in Paragraph 5 of the Letter Agreement shall be adjusted to the
corresponding days in September 2012 after payment of Installment Payment #1 and October 2012 after payment of Installment Payment
#2, respectively.

·Prior
to payment of the entire Specified Amount being made to Hughes, neither Globalstar, Inc. nor Globalstar Canada shall pay, or cause
to be paid, directly or indirectly, any amount in respect of capital expenses related to new capital projects not currently contracted
for, or capital projects previously contracted for other than i) the project for the manufacture and launch, together with related
insurance, of the satellites (the "Satellites") already manufactured by Thales, or for which an order has been placed
as of October 14, 2011, pursuant to the Amended and Restated Contract between Globalstar, Inc. and Thales Alenia Space France dated
June 3, 2009 and ii) projects for the development and supply ground network infrastructure to be used with the Satellites under
orders placed prior to October 14, 2011 or under orders valued at no more than $1.5 million.

·Except
as amended herein, all terms and conditions of the Letter Agreement and Contract shall remain in full force and effect. In the
event of a discrepancy between the terms and conditions contained in this Letter Agreement, as amended, and those contained in
the contract, the terms and conditions contained in this Letter Agreement, as amended, shall prevail.



In light of the extensions
contemplated by this letter, the parties agree to revise the program milestones set forth in Exhibit A of the Contract and the
payment milestones set forth in Exhibit C of the Contract. Notwithstanding anything to the contrary in the Contract, until such
time as the Specified Amount has been paid to Hughes and the parties have agreed on revised program milestones and payment milestones,
Hughes shall not be required to order any hardware and materials or deliver any test or production units under the Contract.



We would appreciate
the acknowledgement of Globalstar Canada's and Globalstar, Inc's agreement to this letter by having a duly authorized representative
of Globalstar Canada and Globalstar, Inc. sign in the respective signature blocks below.



| | Sincerely,         
| | -------------------
| |                    
| | /s/ Sean P. Fleming
| |                    
| | Sean P. Fleming    



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AGREED AND ACCEPTED BY:



|GLOBALSTAR CANADA |  | GLOBALSTAR INC.     
|----------------- |  | --------------------
|SATELLITE CO.     |  |                     
|                  |  |                     
|/s/ Stephen Drew  |  | /s/ James Monroe III
|Signature         |  | Signature           
|                  |  |                     
|Stephen Drew      |  | James Monroe III    
|Name              |  | Name                
|                  |  |                     
|Treasurer         |  | CEO                 
|Title             |  | Title               
|                  |  |                     
|6/26/12           |  | 6/26/12             
|Date              |  | Date                



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