13D Filing: MHR Fund Management Further Ups Stake in Loral Space & Communications Inc. (LORL)

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Item 2. Identity and Background.

Item 2 is hereby amended by adding the following:

The term
Reporting Persons is amended to include, from and after March 8, 2016, Institutional Partners III and Institutional Advisors III.

Each
Reporting Persons principal business address is 1345 Avenue of the Americas, 42nd Floor, New York, New York, 10105.

Current information concerning
the identity and background of the officers of Advisors, Institutional Advisors, Institutional Advisors II, Institutional Advisors III, MHRC, MHRC I, MHRC II, Fund Management and MHR Holdings is set forth in Annex A hereto, which is
incorporated by reference in response to this Item 2.

Item 3. Source and Amount of Funds or Other Consideration

Item 3 is hereby amended by adding the following paragraph:

On March 8, 2016, Master Account II Holdings, Capital Partners (100) and Institutional Partners III acquired an aggregate of 190,000 shares of
Common Stock in a block trade for aggregate consideration (excluding commissions) of $6,783,000.

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