X0303 5 2009-12-31 0 0 0 0001366868 Globalstar, Inc. GSAT 0001379664 Monroe James III 461 SOUTH MILPITAS BLVD. MILPITAS CA 95035 1 1 1 0 Executive Chairman 0001379580 Thermo Funding CO LLC 1735 NINETEENTH STREET DENVER CO 80202 0 0 1 0 0001379581 Globalstar Holdings, LLC 1735 NINETEENTH STREET DENVER CO 80202 0 0 1 0 8% Convertible Senior Unsecured Notes 2009-12-15 5 J 0 445866.67 A 2009-12-15 Voting Common Stock 445866.67 445866.67 I By James Monroe III Trust Common Stock Warrants (right to buy) 0.87 2009-12-18 5 J 0 3360411 0.87 A 2009-12-18 2014-06-19 Voting Common Stock 3360411 3360411 I By James Monroe III Trust Common Stock Warrants (right to buy) 0.87 2009-12-31 5 J 0 2516990 0.87 A 2009-12-31 2014-12-31 Voting Common Stock 2516990 2516990 I By Thermo Funding Company LLC The conversion price is based on a trailing 10-day weighted average market price and may decrease if the Issuer engages in certain equity issuances below the current base conversion rate. Represents scheduled payment-in-kind interest. The 8% Notes mature when the Issuer pays and discharges all of its obligations under its Facility Agreement and the lenders thereunder have no further obligations to make advances under the Facility Agreement. Thermo Funding Company and its affiliates may not own more than 70% of the voting power of the Issuer. The securities must be converted into Nonvoting Common Stock if the conversion would cause onwership to exceed the 70% limit. Warrants issued pursuant to anti-dilution terms of warrants issued June 19, 2009. By Bridget C. Hoffman, attorney-in fact for James Monroe III 2010-02-16