Document:

Exhibit 10.6

 

		To:	Globalstar, Inc.

300 Holiday Square Boulevard

Covington, Louisiana 70433

United States of America

 

Attention: James
Monroe III

 

		Date:	4 July 2013

 

By Express Mail and E-mail

 

Dear Sirs,

 

Waiver Letter No. 15 - COFACE Facility

 

		1.	Introduction

 

		(a)	We refer to:

 

		(i)	the facility agreement dated 5 June 2009 between Globalstar, Inc. as the Borrower, BNP Paribas,
Société Générale, Natixis, Crédit Agricole Corporate and Investment Bank and Crédit Industriel
et Commercial as the Mandated Lead Arrangers, BNP Paribas as the Security Agent and the COFACE Agent and the banks and financial
institutions listed in schedule 1 (Lenders and Commitments) thereto as the Original Lenders, as amended from time to time
(the “Facility Agreement”);

 

		(ii)	the reservation of rights letters dated 29 June 2012, 4 January 2013, 19 June 2013 and 2 July 2013
from the COFACE Agent to the Borrower (the “Reservation of Rights Letters”);

 

		(iii)	the amendment and waiver request letter dated 3 July 2012 from the Borrower to the COFACE Agent
(the “Request Letter”) setting out, among other things, certain Defaults (the “Relevant Defaults”);
and

 

		(iv)	the equity commitment, restructuring support and consent agreement dated 20 May 2013 between the
Borrower, the Subsidiary Guarantors, BNP Paribas as COFACE Agent, Security Agent and Chef de File under the Facility Agreement,
certain banks and financial institutions party thereto as lenders and Thermo (the “Restructuring Support Agreement”).

 

    	 

    	 

    

 

		(b)	Unless otherwise defined herein, terms and expressions defined in the Facility Agreement or the
Restructuring Support Agreement shall have the same meaning when used in this letter (the “Letter”).

 

		(c)	In the case of any conflict between the terms of this Letter and the terms of any other Finance
Document, the terms of this Letter shall govern and control as between the parties to this Letter.

 

		2.	Waiver under the Facility Agreement

 

		(a)	Pursuant to Clause 6.1(a) (Repayment) and Schedule 29 (Repayment Schedule) of the
Facility Agreement, the First Repayment Date on which the Borrower is due to repay principal under the Loans is 28 June 2013, being
the date that is six (6) Months after the earlier of (i) the date that is two (2) Months after the last Launch; or (ii) 31 December
2012 (the “Required Payment Date”).

 

		(b)	The Borrower failed to make the payment referred to in paragraph (a) above (the “Relevant
Principal Payment”) on the Required Payment Date and as of the date of this Letter, the Relevant Principal Payment remains
outstanding. Consequently, an Event of Default has occurred and is continuing under the Facility Agreement (the “Payment
Default”).

 

		(c)	Subject to the satisfaction of the conditions set out in paragraph 4 below and the other terms
of this Letter, the COFACE Agent agrees (acting on the instructions of all the Lenders pursuant to clause 37.2(a)(ii) and (vi)
(Exceptions) of the Facility Agreement) that:

 

		(i)	the requirement for the Borrower to pay the Relevant Principal Payment on the Required Payment
Date under the Facility Agreement shall be temporarily waived until 31 July 2013 or such other later date subject to the formal
approval of the Lenders and COFACE (the “Waiver-End Date”); and

 

		(ii)	the Payment Default shall be waived until the Waiver-End Date.

 

		(d)	If definitive documentation evidencing the transactions contemplated by the Restructuring Terms
(as defined below) are not executed, and such transaction does not close, by the Waiver-End Date:

 

		(i)	the temporary waivers set out in paragraph 2(c) above shall no longer be applicable;

 

		(ii)	the Relevant Principal Payment shall be deemed to have been due and payable on the Required Payment
Date for all purposes;

 

		(iii)	the Payment Default shall be deemed to be continuing from the Required Payment Date; and

 

    	2

    	 

    

 

		(iv)	the Lenders reserve all rights in respect of such Payment Default, including the right to claim
default interest in respect of such Payment Default as from the Required Payment Date, in accordance with the provisions of the
Facility Agreement.

 

		3.	Amendment of the Restructuring Support Agreement

 

		(a)	Pursuant to section 6(b)(v) of the Restructuring Support Agreement, the Restructuring Support Agreement
could be terminated by the Lenders upon written notice to all Parties that a COFACE Facility Restructuring has not been consummated
on or prior to 28 June 2013.

 

		(b)	Pursuant to section 7 of the Restructuring Support Agreement, 28 June 2013 is a Termination Date.

 

		(c)	Subject to satisfaction of the conditions set out in paragraph 4 below and the other terms of this
Letter, the Restructuring Support Agreement shall be deemed to have been amended as of 28 June 2013 in accordance with the Amendment
to Equity Commitment Restructuring Support and Consent Agreement (the “Amendment”) set forth in Annex B (Amendment
to Restructuring Support Agreement).

 

		4.	Conditions

 

		(a)	The granting of the waivers by the COFACE Agent as set out in paragraph 2(c) above and the effectiveness
of the Amendment as set forth in paragraph 3(c) above, shall be subject in all respects to the Borrower, Thermo and the Subsidiary
Guarantors agreeing to and accepting, by no later than 4 July 2013, the terms of a restructuring of the Facility Agreement and
other Finance Documents as set out in Annex A (Restructuring Terms), subject to any changes to such terms as may be required
by COFACE or in connection with any credit committee approvals required by the Lenders and which are agreed to by the Borrower,
Thermo and the Subsidiary Guarantors (the “Restructuring Terms”).

 

		(b)	For the avoidance of doubt, by countersigning this letter within the time period mentioned in paragraph
(a) above, each of the Borrowers, Thermo and the Subsidiary Guarantors confirms its agreement to and acceptance of:

 

		(i)	this Letter;

 

		(ii)	the Restructuring Terms; and

 

		(iii)	the Amendment.

 

		5.	General Provisions

 

		(a)	This Letter is provided without prejudice to:

 

		(i)	the Reservation of Rights Letters; and

 

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		(ii)	each Obligor’s continuing obligations under the Finance Documents to which it is a party
and which continuing obligations shall remain in full force and effect.

 

		(b)	The Lenders agree that for the sole purpose of this Letter only, the Waiver Fees (as such term
is defined in the sixth amendment letter to the Facility Agreement dated 30 March 2011 and entered into between, amongst others,
the Obligors and certain other parties to the Facility Agreement (“Amendment Letter No.6”)) shall not apply
to this Letter. For the avoidance of doubt, unless agreed to the contrary by the Lenders, paragraph 6 (Payment of Waiver Fees)
of Amendment Letter No.6 shall apply to any additional waivers and/or amendments (howsoever described) agreed to by the Lenders
in respect of the Finance Documents after the date of this Letter.

 

		(c)	Each Obligor confirms in favour of the COFACE Agent that:

 

		(i)	it hereby agrees to the terms and conditions of this Letter;

 

		(ii)	it has requisite corporate or other organizational power and authority to execute this Letter;

 

		(iii)	the execution and delivery of this Letter have been duly authorized by all necessary corporate
or other organizational action on its part;

 

		(iv)	the execution, delivery and performance by it of this Letter does not and shall not (i) violate
any provision of law, rule or regulation applicable to it or any of its affiliates, or its certificate of incorporation or bylaws
or other organizational documents or those of any of its affiliates, or (ii) conflict with, result in a breach of, or constitute
(with due notice or lapse of time or both) a default under any material contractual obligation to which it or any of its affiliates
is a party;

 

		(v)	the execution, delivery, and performance by it of this Letter does not and shall not require any
registration or filing with, the consent or approval of, notice to, or any other action with any federal, state or other governmental
authority or regulatory body; and

 

		(vi)	notwithstanding this Letter and the waivers contained herein, each Finance Document to which it
is a party remains in full force and effect and the rights, duties and obligations of each Obligor are not, except as expressly
stated to the contrary in this Letter (including the Amendment), waived, released, discharged or impaired by this Letter.

 

		(d)	The following provisions of the Facility Agreement are incorporated into this Letter, mutatis
mutandis, as if set out in this Letter with references to “this Agreement” being construed as references
to this Letter: clauses 17 (Costs and Expenses), 35 (Partial Invalidity), 38 (Counterparts), 39 (Governing
Law) and 40 (Enforcement), provided that  Clauses 39 (Governing Law) and 40 (Enforcement) of the
Facility Agreement shall not be construed as being incorporated into, or governing the terms of, the Amendment.

 

    	4

    	 

    

 

		(e)	This Letter shall constitute a Finance Document.

 

		(f)	Any failure by the Borrower to comply with this Letter shall, subject to any applicable grace periods
under the Finance Documents, constitute an Event of Default.

 

		(g)	Other than as set out in this Letter, each Finance Document shall remain in full force and effect.
Each Finance Party reserve all other rights or remedies it may have now or in the future.

 

		(h)	Other than in respect of each Finance Party, a person who is not a party to this Letter may not
rely on it and the terms of the Contracts (Rights of Third Parties) Act 1999 are excluded.

 

Please confirm your acceptance of and agreement
to, the provisions of this Letter by signing and dating the enclosed copy of this Letter and returning it to the COFACE Agent as
set forth above.

 

Yours faithfully

 

For and on behalf of

BNP Paribas

as COFACE Agent (acting for and on behalf of the Finance Parties)

 

	/s/ Jean Philippe Poirier	 
	Jean Philippe Poirier	 

 

    	5

    	 

    

 

Each of the undersigned hereby agrees to, and accepts, the Restructuring
Terms attached to this Letter as Annex A (Restructuring Terms) and the Amendment attached to this Letter as Annex B (Amendment
to Restructuring Support Agreement).

 

Acknowledged and agreed

For and on behalf of

Globalstar, Inc.

as Borrower

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

Acknowledged and agreed

For and on behalf of

Thermo Funding Company LLC

as Obligor

 

	/s/ Richard S. Roberts	 
	By: Richard S. Roberts	 

 

Title: Manager

 

Date: 4 July 2013

 

Acknowledged and agreed

For and on behalf of

GSSI, LLC

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

    	6

    	 

    

 

Acknowledged and agreed

For and on behalf of

Globalstar Security Services, LLC

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

Acknowledged and agreed

For and on behalf of

Globalstar C, LLC

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

Acknowledged and agreed

For and on behalf of

Globalstar USA, LLC

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

    	7

    	 

    

 

Acknowledged and agreed

For and on behalf of

Globalstar Leasing LLC

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

Acknowledged and agreed

For and on behalf of

Spot LLC

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

Acknowledged and agreed

For and on behalf of

ATSS Canada, Inc.

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

    	8

    	 

    

 

Acknowledged and agreed

For and on behalf of

Globalstar Brazil Holdings, L.P.

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

Acknowledged and agreed

For and on behalf of

GCL Licensee LLC

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

Acknowledged and agreed

For and on behalf of

GUSA Licensee LLC

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

    	9

    	 

    

 

Acknowledged and agreed

For and on behalf of

Globalstar Licensee LLC

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

Acknowledged and agreed

For and on behalf of

Globalstar Media LLC

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

Acknowledged and agreed

For and on behalf of

Globalstar Broadband Services Inc. 

as Subsidiary Guarantor

 

	/s/ L. Barbee Ponder IV	 
	By: L. Barbee Ponder IV	 

 

Title: General Counsel & Vice President
Regulatory Affairs

 

Date: 4 July 2013

 

    	10

    	 

    

 

ANNEX
B

 

AMENDMENT
TO RESTRUCTURING SUPPORT AGREEMENT

 

AMENDMENT TO EQUITY
COMMITMENT, RESTRUCTURING SUPPORT 

AND CONSENT AGREEMENT

 

This Amendment
to Equity Commitment, Restructuring Support and Consent Agreement dated as of _______, 2013 (“Amendment”),
is entered into by and among (i) Globalstar, Inc. (“Globalstar” or the “Borrower”), (ii)
the undersigned domestic subsidiaries of Globalstar (each, a “Subsidiary Guarantor” and, together with Globalstar
and its other subsidiaries and affiliates, the “Company”), (iii) BNP Paribas, acting in its capacities as facility
agent, security agent and Chef de File (in such capacities, the “Agent”) under that certain COFACE Facility
Agreement, dated as of June 5, 2009 (as amended, restated, supplemented and/or otherwise modified from time to time through the
date hereof, the “Facility Agreement”) among Globalstar, as borrower, BNP Paribas, Société Générale,
Natixis, Crédit Agricole Corporate and Investment Bank, and Crédit Industriel et Commercial, as mandated lead arrangers,
the Agent, and certain banks and financial institutions party thereto, as lenders (the “Lenders”), (iv) the
Lenders, and (v) Thermo Funding Company LLC (“Thermo”). Globalstar, the Subsidiary Guarantors, the Agent, the
Lenders and Thermo are referred to herein collectively as the “Parties,” and each individually as a “Party.”

 

RECITALS

 

WHEREAS, the Parties
entered into the Equity Commitment, Restructuring Support and Consent Agreement on May 20, 2013 (the “Restructuring Support
Agreement”);

 

WHEREAS, pursuant to
Section 6(b)(v) of the Restructuring Support Agreement, the Restructuring Support Agreement may be terminated by the Lenders upon
written notice to all of the Parties that a COFACE Facility Restructuring has not been consummated on or prior to June 28, 2013;

 

WHEREAS, pursuant to
Section 7 of the Restructuring Support Agreement, June 28, 2013 is a Termination Date;

 

WHEREAS, a COFACE Facility
Restructuring has not yet been consummated;

 

WHEREAS, pursuant to
Section 23 of the Restructuring Support Agreement, the Restructuring Support Agreement cannot be modified, amended or supplemented
without the prior written consent of all Parties; and

 

WHEREAS, the Parties
wish to make an amendment to the Restructuring Support Agreement.

 

NOW, THEREFORE, THIS
AMENDMENT TO Equity Commitment, Restructuring Support and Consent Agreement WITNESSETH:

 

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The Parties agree hereby
agree as follows:

 

1.          Definitions.
Capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the
Restructuring Support Agreement.

 

2.          Amendment.

 

With effect
from June 28, 2013:

 

		(a)	Section 6(b)(v) and clause (iii) of the first sentence of Section 7 of the Restructuring Support
Agreement are each amended by deleting “June 28, 2013” and substituting in its place “July 31, 2013 or such other
later date subject to the formal approval of the Lenders and COFACE”; and

 

		(b)	Section 8(b)(ii) of the Restructuring Support Agreement shall be amended by deleting the Words
“June 6, 2013” and replacing them with the words “4 July, 2013”.

 

3.          Reservation
of Rights. Nothing in this Amendment shall constitute or be deemed to constitute a waiver of the rights of any Finance Party
under, or modification or amendment of, any of the Finance Documents (including, without limitation, the Restructuring Support
Agreement) or any amendment of the Finance Documents (including, without limitation, the Restructuring Support Agreement) except
as expressly set forth in Section 2 above.

 

4.          Finance
Document. This Amendment shall constitute a Finance Document. Other than as set out herein, each Finance Document
shall remain in full force and effect.

 

5.          Miscellaneous.
The following provisions of the Facility Agreement are incorporated into this Amendment, mutatis mutandis, as if
set out in this Agreement with references to “this Agreement” being construed as references to this
Amendment: clauses 17 (Costs and Expenses), 35 (Partial Invalidity), and 38 (Counterparts). Other than
in respect of each Finance Party, a person who is not a party to this Agreement may not rely on it and the terms of the
Contracts (Rights of Third Parties) Act 1999 are excluded. Each Finance Party reserves all other rights or remedies it may
have now or in the future.

 

6.          Governing
Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, without
regard to such state’s choice of law provisions which would require the application of the law of any other
jurisdiction. By its execution and delivery of this Amendment, each of the Parties irrevocably and unconditionally agrees for
itself that any legal action, suit or proceeding against it with respect to any matter arising under or arising out of or in
connection with this Amendment or for recognition or enforcement of any judgment rendered in any such action, suit or
proceeding, may be brought in the United States District Court for the Southern District of New York, and by execution and
delivery of this Amendment, each of the Parties irrevocably accepts and submits itself to the exclusive jurisdiction of such
court, generally and unconditionally, with respect to any such action, suit or proceeding.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    	12Exhibit 10.7

 

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.

 

September 1, 2013

 

Globalstar Inc

Att: Paul Monte

461 SO Milpitas Blvd

Milpitas, CA 95035

 

Subject: Globalstar requested payment delays and “temporary
hold” - Sixth Extension 

 

Dear Paul,

 

In response to your sixth request to defer outstanding and accumulated
payments for the Globalstar CN Program, your contract number GINC-C-08-0400 (the “Agreement”), this letter acknowledges
the agreement by Ericsson to defer the payments for achieved and upcoming Payment Milestones as defined in the Agreement and in
the letter agreement PJR0311-002 dated March 7, 2011 and subsequent letter agreements on this subject. Specifically this deferral
consists of:

 

$157,963 CDR (Critical Design Review) ($929,520 less September
2012 payment of $581,862 less February 28 payment of $89,695 less June 2013 payment of $100,000= $157,963)

 

$157,963Total owed Feb 23rd 2012

 

[*]

 

Total additional owed before June 28th 2012: $
$2,100,000.

 

In addition to the above, Globalstar also owes 8 quarterly
support payments for BSCS Support as follows:

 

[*]

 

For a total BSCS Support owed of $270,000

 

 

Total deferral: $ $2,527,963

 

Subject to your consent as indicated below, Ericsson Inc. (“Ericsson”)
would agree as follows:

 

		a)	Assuming the Payment Milestone is completed and invoiced, Globalstar shall pay any unpaid milestone payments in Exhibit C and
C-1 of the Agreement (referred to as “Deferred Payments”) on or before November 15, 2013.Between the date of this letter
and November 15th, Globalstar and Ericsson will use good faith efforts to come to a mutual agreement on a revised milestone
payment schedule and amend Exhibits C and C1 of the Agreement.

 

    	 

    	 

    

 

		b)	In consideration for agreeing to the Deferred Payments, Globalstar shall pay six and a half percent (6.5%) per annum interest
on the Deferred Payments. Interest shall begin to accrue after the 31st day of acceptance of the completion of any Payment
Milestone and shall be paid at the same time as the Deferred Payment is made.

 

		c)	For any material event, such as change of ownership, bankruptcy filing, material investment, shareholder or ownership changes
affecting control (i.e. the ownership and/or ability to vote more than 50% of the total shares), breach of obligations, failure
to pay debts, and the like, the Deferred Payments become due and payable immediately.

 

		d)	Due to delays by Globalstar in delivering necessary Customer Furnished Equipment for the Core Network Program (both as defined
in the Agreement), the only work that will be performed by Ericsson between now and when the project is resumed under a new mutually
agreed milestone schedule (the “Temporary Hold Period”) will be the completion of the following agreed punch list items
for the Milpitas lab:

 

		1.	None remaining.

 

		e)	Globalstar understands and agrees that the above “temporary hold” will cause a delay to the Core Network Program,
and that Ericsson cannot guarantee a day-for-day schedule delay nor can Ericsson commit to re-staffing the project with the same
individuals as have been assigned to-date when the Core Network Program resumes as these individuals may have been assigned to
other long term Ericsson projects. Ericsson will use commercially reasonable efforts to limit any such delay caused by such “temporary
hold” to a period of time equal to the length of the Temporary Hold Period plus four months. Ericsson will not be obligated
to perform any work until the project is resumed and a new milestone schedule is agreed. Upon Ericsson’s resumption of work,
Globalstar agrees to pay Ericsson a project re-setup fee of $250,000.00.

 

Globalstar and Ericsson agree that the delays in the
Core Network Program have created issues regarding the obsolescence of certain program features (specifically 1. HPA including
“NRSPCA on offer”; 2. Push-to-Talk; and 3. Sigcomp). Upon the signing of this letter agreement, Globalstar and Ericsson
agree to continue the good faith technical discussions agreed to in the letter agreement dated March 8, 2012 relating to HPA and
“NRSPCA on offer”. Globalstar agrees to forego the requirements for Push-To-Talk and Sigcomp previously committed to
and Ericsson agrees to credit Globalstar for the elimination of these requirements. Globalstar and Ericsson will use good faith
efforts to come to mutual agreement on the technical solution for HPA and “NRSPCA on offer” at the conclusion of such
discussions. However, Ericsson will not commit to deliver the agreed solution on a particular schedule due to the delays in payment
as outlined in a) above. Globalstar and Ericsson agree to enter into good faith commercial discussions upon Ericsson’s receipt
of all monies due in this letter agreement regarding the ordering and delivery of the revised HPA and “NRSPCA on offer”
functionality and any commercial impacts following Ericsson’s receipt of the Deferred Payments. At that time, Globalstar
and Ericsson will execute a contract amendment reflecting the agreed solution for HPA and “NRSPCA on offer” and the
elimination of Push-To-Talk and Sigcomp. Should the parties be unable to agree on the above technical solution by November 15,
2013 then either Globalstar or Ericsson may choose to terminate the Agreement. Thereafter, provided that all amounts due under
this letter agreement have been paid, neither party will have any liability whatsoever under the Agreement.

 

		f)	This letter agreement will become effective collectively upon (i) Globalstar’s signature below, and (ii) Ericsson’s
receipt of $1,565,477 by September 27, 2013. The letter agreement between the parties dated June 1, 2013 is hereby superseded by
this letter agreement.

 

    	 

    	 

    

 

		g)	Globalstar requests the following payment modifications:

 

1.         If Globalstar has not paid Ericsson the amount
due, together with interest and any other amounts owing under the Agreement as of November 15, 2013, Globalstar may terminate the
Agreement for convenience by delivering such written notice of the termination and agreeing to make a final payment of $10,000,000
(“Final Payment”) to Ericsson.

 

2.         If Globalstar cancels the Agreement for convenience
on November 15, 2013, then Globalstar shall make the Final Payment either: (a) in cash not later than November 30, 2013 or (b)
subject to paragraph 3 below, in Globalstar common stock (OTC: GSAT, the “GSAT Stock”) not later than November 15,
2013. Globalstar shall provide written notice of such its request to pay in cash or GSAT Stock on November 5, 2013.

 

3.         If payment is to be made in GSAT Stock, such
GSAT Stock shall be registered and freely tradable, free and clear of any liens, encumbrances or other restrictions. The number
of shares delivered by Globalstar to Ericsson shall be equal to the Final Payment plus 5%, divided by the volume weighted average
price of GSAT for the 20 trading days immediately prior to (but not including) the date of delivery of such shares. If Globalstar
requests to make the Final Payment in GSAT Stock, Ericsson shall have the option (exercisable by written notice delivered on or
before November 10, 2013) either to accept such GSAT Stock (including the additional 5% mentioned in the above paragraph) or to
receive the Final Payment in cash from the sale of such GSAT stock by Globalstar and/or from other sources who will then remit
the full amount of the Final Payment. Under no circumstance would Globalstar remit less than the total Final Payment amount.

  

		h)	Globalstar will pay Ericsson a progress payment of $1,565,477 on or before September 27, 2013. This payment will be used to
eliminate the remaining balance of $157,963 for the CDR, and to reduce the balance for the Clifton HW Install Complete from $2,100,000
to $692,486. Should the above progress payment of $1,565,477 not be received on or before September 27, 2013, or, should
the final payment of all remaining amounts due outlined in this letter including interest not be received by November 15, 2013,
the Agreement will be automatically terminated. Upon such termination, Globalstar would be required to either pay the Deferred
Payments and amounts set forth in paragraph a) and b) above in final settlement of the Agreement, or chose the termination for
convenience option as outlined in paragraph g) above. Thereafter, upon fulfilling the obligations required by either such option,
neither party will have any liability whatsoever under the Agreement.

  

		i)	Except as modified hereby, the terms and conditions of the Agreement will continue on in full force and effect.

 

If Globalstar concurs with the foregoing, please execute a copy
of this letter and return it to my attention at Ericsson.

 

	Sincerely,	 
	 	 
	 	/s/ Johan Westerberg
	 	ERICSSON INC.
	 	Johan Westerberg
	 	Vice President Eastern Region

 

    	 

    	 

    

 

 

Agreed and accepted by Ericsson Inc and Globalstar Inc:

	Ericsson Inc.	 	Globalstar Inc.
	 	 	 
	/s/ Johan R. Westerberg	 	/s/ L. Barbee Ponder IV
	Signature	 	Signature
	 	 	 
	Johan R. Westerberg	 	L. Barbee Ponder IV
	Name	 	Name
	 	 	 
	
         VP Sales
	 	General Counsel & Vice President Regulatory Affairs
	Title	 	Title

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