0001047469-06-013217 Sample Contracts

SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
Credit Agreement • October 27th, 2006 • Globalstar, Inc. • Communications services, nec • New York

This Second Amendment to Amended and Restated Credit Agreement (this "Amendment"), dated as of October 26, 2006, among GLOBALSTAR, INC., a Delaware corporation (the "Borrower"), the Lenders party to the Credit Agreement referenced below (the "Lenders"), and WACHOVIA INVESTMENT HOLDINGS, LLC, as administrative agent (the "Administrative Agent") for the Lenders.

NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
Non-Qualified Stock Option Award Agreement • October 27th, 2006 • Globalstar, Inc. • Communications services, nec

GRANT: Globalstar, Inc., a Delaware corporation ("Company"), hereby awards you (the "Optionee" named below) a Non-Qualified Stock Option ("Option") to purchase the number of shares ("Shares") of the Company's Series A Common Stock, par value $0.0001 per share, or of any successor class or series of Company common stock into which the Series A common stock is converted (together, the "Common Stock"), at the Option Price, set forth below, subject to the following terms and conditions: