X0202 4 2007-05-09 0 0001366868 Globalstar, Inc. GSAT 0001379580 Thermo Funding CO LLC 1735 NINETEENTH STREET DENVER CO 80202 0 0 1 0 Common Stock 2007-05-09 4 O 0 618429 16.17 A 6592342 D Right to Purchase Common Stock 16.17 2007-05-09 4 O 0 618429 0 D Common Stock 618429 5778794 D Pursuant to the Second Amended and Restated Irrevocable Standby Stock Purchase Agreement, as amended, among Globalstar, Thermo Funding Company LLC and Wachovia Investment Holdings, LLC, Thermo Funding Company has the obligation to purchase up to $200 million of Globalstar common stock upon the occurrence of certain events and Thermo Funding Company has the right to purchase the same amount of shares at any time during the term of the agreement. Thermo Funding Company elected to purchase the shares reported in this Form 4 and may elect to purchase any or all of the remaining shares subject to the agreement at any time. The date of mandatory purchase is unknown. The obligation and right to purchase terminates on the earliest of December 31, 2011, the payment in full of all obligations of Globalstar under its current credit agreement or Thermo Funding Company's purchase of all of the common stock subject to the agreement. /s/ Bridget C. Hoffman, attorney-in-fact for Thermo Funding Company LLC 2007-05-10