Document:

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 1, 2013

 

Globalstar Inc

Att: Paul Monte

461 S. Milpitas Blvd

Milpitas, CA 95035

 

Subject: Globalstar requested payment delays and
"temporary hold" - Fourth Extension Dear Paul,

 

In response to your fourth 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:

 

$257,963 CDR (Critical Design Review) ($929,520 less
September 2012 payment of $581,862 less February 28 payment of $89,695 = $257,963)

 

$257,963Total owed Feb 23'd 2012

 

[*]

 

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

 

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

[*]

 

For a total BSCS Support owed of $202,500

 

Total deferral: $2,560,463

 

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") upon the earlier of the completion of a third party source of financing or June 28, 2013 ( unless extended pursuant
to paragraph h) hereof). Upon such payment, 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 315t 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. Loading and testing of the
QoS patch in the SGSN including any necessary software reinstallation of software in the SGSN planned for Q2 2013

 

Should Globalstar require installation (including
upgrading the software on all boxes to the same version that is on the Milpitas lab), and integration of the Clifton Site 1 during
the Temporary Hold Period, Ericsson will initiate such work within 4 weeks of Globalstar satisfying the following 3 requirements:

 

		1.	Globalstar notifies Ericsson that the site is ready for integration including completion of Globalstar's agreed deliverables
such as power; and

		2.	Ericsson's receipt of a written request for the integration work; and

		3.	Ericsson receives a cash payment of the contracted fee of $603,273 for the integration project plus a contract amendment for
the $95,000 fee for providing and integrating the software upgrades to the Clifton site to the same level as is present in the
Milpitas lab. The $603,273 cash payment amount will be deducted from the future payment milestone "SAT sites 1-3" and
Exhibit C will be updated accordingly.

 

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 September 30, 2013 (or December
1, 2013 should the Automatic Extension referred to in paragraph G occur) 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 upon Globalstar's signature below. The letter agreement between the parties dated
January 30, 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
June 28, 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 June 28, 2013, then Globalstar shall make the Final Payment either: (a)
in cash not later than July 15, 2013 or (b) subject to paragraph 4 below, in Globalstar common stock (OTC: GSAT, the
"GSAT Stock") not later than July 15, 2013. Globalstar shall provide written notice of such its request to pay in
cash or GSAT Stock on June 28, 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 July 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)	On or before June 20, 2013, Globalstar may notify Ericsson
that it requires a fifth payment extension to September 1, 2013 ("The Automatic Extension"). Upon such notification,
Globalstar will submit a payment of $100,000 to be received by wire in Ericsson's account on or before June 24, 2013. Such extension,
for a period of sixty one (61) days beyond the dates outlined in paragraph g above, will be automatically granted by Ericsson
upon receipt in Ericsson's account of the $100,000 by wire transfer on or before June 24. This payment will be used to reduce
the then current balance of $257,963 for CDR. Should this payment not be received on or before June 24, 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/ David Milla
	Signature	 	Signature
	Johan R. Westerberg	 	David Milla
	Name	 	Name
	Vice President	 	Director - Contracts
	Title	 	Title
	6/20/2013	 	6/17/2013
	Date	 	DateExhibit 10.2

 

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 28, 2013

 

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 and June 26, 2012
and December 20, 2012 and March 26, 2013 (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 $15,831,729, which includes the remaining $6,554,486 of the April 2011 milestone payment and the full amount
of the July 2011 milestone payment. 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 $50,000 no later than July
1, 2013 (“July Installment Payment”). Such payment shall be credited against the April 2011 milestone payment and upon
receipt of such payment, the Specified Amount shall be reduced by the amount paid. 

		·	Provided that Hughes receives the (“July Installment Payment”)
no later than July 1, 2013, the Due Date for repayment of the Specified Amount shall be extended to July 8, 2013. 

		·	Upon the extension of the Due Date as specified above, the dates specified
in Paragraphs 2-3 of the Letter Agreement shall be extended to July 8, 2013, except that the date specified in Paragraph 3(b) shall
be adjusted to July 23, 2013, and the dates referenced in Paragraph 5 of the Letter Agreement shall be adjusted to July 16, 2013
and July 23, 2013, 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 capital projects not contracted for as of October 14, 2011, 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”)
manufactured by or ordered from Thales on or before 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.

 

    	 

    	 

    

 

Mr. Jay Monroe

June 28, 2013

Page 2

 

		·	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.

 

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
	 	Senior Counsel

 

	AGREED AND ACCEPTED BY:	 	 
	 	 	 
	GLOBALSTAR CANADA	 	GLOBALSTAR, INC.
	SATELLITE CO.	 	 
	 	 	 
	/s/ Stephen Drew	 	/s/ L. Barbee Ponder IV
	Signature	 	Signature
	 	 	 
	Stephen Drew	 	L. Barbee Ponder IV
	Name	 	Name
	 	 	 
	Treasurer	 	General Counsel & VP of Regulatory Affairs
	Title	 	Title
	 	 	 
	June 28, 2013	 	June 28, 2013
	Date	 	Date

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