SECURED SUPER-PRIORITY DEBTOR IN POSSESSION CREDIT AGREEMENT Dated as of January 15, 2003 among GLOBALSTAR, L.P., as Borrower The Subsidiaries of the Borrower Party Hereto, as Guarantors and NEW VALLEY CORPORATION, as LenderSecured Super-Priority Debtor in Possession Credit Agreement • January 15th, 2003 • Globalstar Lp • Radiotelephone communications • New York
SECURED SUPER-PRIORITY DEBTOR IN POSSESSION CREDIT AGREEMENT, dated as of January 15, 2003, between GLOBALSTAR, L.P., a Delaware limited partnership, as debtor and debtor in possession under chapter 11 of the Bankruptcy Code (as hereinafter defined) (the “Borrower”), the Subsidiaries (as defined below) of the Borrower listed on the signature pages hereto as Guarantors, as debtors and debtors in possession under chapter 11 of the Bankruptcy Code (the “Guarantors”) and NEW VALLEY CORPORATION, a Delaware corporation (the “Lender”).
FORM OF INVESTMENT AGREEMENT BY AND AMONG GLOBALSTAR, L.P., THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF GLOBALSTAR, L.P. AND NEW VALLEY CORPORATION DATED AS OF January __, 2003Investment Agreement • January 15th, 2003 • Globalstar Lp • Radiotelephone communications • New York
This INVESTMENT AGREEMENT (this “Agreement”) is dated as of January , 2003, by and among Globalstar, L.P., a Delaware limited partnership (the “Partnership”), the Official Committee of Unsecured Creditors of Globalstar, L.P. (the “Creditors Committee”) (solely with respect to Sections 4.3, 4.4, 4.5(a), 4.6 and 8.4) and New Valley Corporation, a Delaware corporation (“New Valley”). Capitalized terms used but not defined elsewhere in the text of this Agreement are defined in Section 8.8 hereof.
