Other Information.
−Removed: As discussed above, on October 28, 2022, the Company entered into a Forbearance Agreement with MDA to amend the satellite procurement agreement to extend the payment deferral date and allow for other related changes in terms, including two $7.0 million payments (one of which was made on October 31, 2022 and the second is required to be made in November 2022) and interest that will accrue on the amount outstanding at an annual rate of 7%.
Number Description
3 unchanged sentences
(Exhibit 3.1 to Form 8-K filed on April 15, 2019)
+Added: 10.1* Second Forbearance Agreement among Globalstar, Inc., Macdonald, Dettwiler and Associates Corporation and Rocket Lab USA, Inc.
+Added: dated January 31, 2023
+Added: 10.2* Purchase Agreement, dated March 28, 2023, by and among Globalstar, Inc., the Subsidiary Guarantors party thereto and the Purchasers party thereto
+Added: 10.3* Indenture (including form of Note) dated March 31, 2023, by and among Globalstar, Inc., the Subsidiary Guarantors party thereto and Wilmington Trust, National Association
+Added: 10.4* Collateral Agreement dated April 6, 2023 by and among Globalstar, Inc.
+Added: the grantors and guarantors party thereto and Partner
+Added: 10.5† 2023 Key Employee Bonus Plan
+Added: 10.6† Prepayment Agreement
+Added: 10.7† Amendment No.
+Added: 4 to the Key Terms Agreement
31.1 Section 302 Certification of the Principal Executive Officer
8 unchanged sentences
* Incorporated by reference.
+Added: † Portions of the exhibit have been omitted pursuant to Item 601(b)(10) of Regulation S-K.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
GLOBALSTAR, INC.
−Removed: November 3, 2022 By:
+Added: May 5, 2023 By:
Chief Executive Officer (Principal Executive Officer)
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.