Globalstar, Inc. $200,000,000 13.00% Senior Notes due 2029 Purchase AgreementPurchase Agreement • March 29th, 2023 • Globalstar, Inc. • Communications services, nec • New York
Globalstar, Inc., a Delaware corporation (the “Issuer”), proposes, subject to the terms and conditions stated herein, to issue and sell to the notes purchasers party hereto (the “Notes Purchaser”), an aggregate of $200,000,000 principal amount of its 13.00% Senior Notes due 2029 (the “Securities”). The Securities will be issued pursuant to an Indenture to be dated as of the Closing Date (as defined in Section 2 hereof) (the “Indenture”), among the Issuer, the Guarantors (as defined below) and Wilmington Trust, National Association, as trustee (in such capacity, the “Trustee”). In the event that more than one party shall constitute the “Notes Purchaser” the Notes Purchaser’s obligations shall be joint and several, and wherever the singular term is used in this Agreement, the same shall be construed as meaning the plural if the context requires unless otherwise specifically stated.
