X0303 4 2010-01-26 0 0001366868 Globalstar, Inc. GSAT 0001379664 Monroe James III 461 SOUTH MILPITAS BLVD. MILPITAS CA 95035 1 1 1 0 Executive Chairman 0001379581 Globalstar Holdings, LLC 1735 NINETEENTH STREET DENVER CO 80202 0 0 1 0 0001379580 Thermo Funding CO LLC 1735 NINETEENTH STREET DENVER CO 80202 0 0 1 0 Nonvoting Common Stock 2010-01-26 4 J 0 2525750 0.9605 A 19275750 I By Thermo Funding Company LLC Voting Common Stock 146055497 I By Thermo Funding Company LLC Voting Common Stock 515000 I By Trust Voting Common Stock 38640750 I By Globalstar Holdings, LLC Voting Common Stock 618558 I By Globalstar Satellite, L.P. Conversion of approximately $2.4 million of all principal and accrued interest outstanding under a short term loan provided by Thermo Funding Company LLC in June 2009 to meet a condition precedent to funding under the Issuer's Facility Agreement. The shares may not be converted into voting common stock until stockholder approval of the transaction is effective under applicable rules or at any time if such conversion would result in Thermo Funding Company and its affiliates owning more than 70% of the voting power of the Issuer. /s/ Bridget C. Hoffman, attorney-in-fact for James Monroe III 2010-01-28