Exhibit 10.1

SETTLEMENT AGREEMENT AND MUTUAL RELEASE

This AGREEMENT (“Agreement”) is entered into between ICO Global Communications (Operations) Limited (“ICO Operations”) and Pendrell Corporation (formerly ICO Global Communications (Holdings) Limited) (“Pendrell”) (collectively “ICO Parties”) and Eagle River Investments, LLC (“Eagle River”), on the one hand, and Boeing Satellite Systems International, Inc. (“BSSI”), and The Boeing Company (“Boeing”) (collectively, the “Boeing Parties,” and collectively with the ICO Parties and Eagle River, the “Parties”), on the other hand, and is entered into as of June 25, 2012 (“Agreement”).

WHEREAS (1) BSSI filed a civil action in the Los Angeles County Superior Court entitled Boeing Satellite Sys. Int’l, Inc. v. ICO Global Comm’ns (Operations) Ltd., Case No. BC 320115, and ICO Operations filed cross-complaints (and amendments thereto) in that action against BSSI and Boeing and BSSI filed a cross-complaint (and amendments thereto) against ICO Operations, Pendrell, and Eagle River; (2) a judgment was rendered by the trial court in favor of ICO Operations on certain of its claims in its cross-complaint; (3) the Boeing Parties appealed the judgment to the California Court of Appeal; (4) on April 13, 2012, the Court of Appeal reversed the judgment in favor of ICO Operations on its claims and ordered entry of judgment in favor of the Boeing Parties on all claims asserted by ICO Operations; (5) on May 8, 2012, the Court of Appeal denied ICO Operation’s petition for rehearing; and (6) ICO Operations filed a Petition for Review (“Petition for Review”) in the Supreme Court of California on May 23, 2012 (all of these proceedings being hereinafter referred to as the “Action”);

WHEREAS in consideration of the Action and the allegations therein and the consideration set forth herein, and without any of the Parties admitting any fault or liability (which fault and liability are expressly denied), the Parties are willing to resolve their differences and enter into a settlement agreement as set forth herein;

NOW THEREFORE, the Boeing Parties, the ICO Parties, and Eagle River, each intending to be legally bound by this Agreement, agree as follows:

Terms and Conditions

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Superior Court is vacated consistent with the remittitur; and that the Parties thereafter promptly file a dismissal with prejudice in the California Superior Court in a form and content satisfactory to Boeing. If any Party to this agreement determines that, in order to effectuate the dismissal of all claims, it is necessary that the trial court formally enter an amended judgment consistent with the decision of the Court of Appeal, the parties shall promptly file a joint request to that effect with the trial court. With the exception of the actions described above to secure dismissal of the Action with prejudice, the parties expressly agree that they shall not pursue any further legal action in this matter. Specifically, in the event any court, including the California Supreme Court, conducts any additional proceedings, or renders any order or judgment, inconsistent with the parties’ intent as reflected in paragraphs 1 and 2, the parties agree that they shall not participate or appear in any way in such proceedings, except as provided in paragraph 3.

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A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.

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executive, or legislative agency or authority. This paragraph will not preclude any Party from informing any third party of the existence of this Agreement or of the releases set forth herein nor from stating that the Party is pleased that the Agreement was reached.

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by the parties to be bound thereby or their authorized counsel. This Agreement is executed without reliance upon any representations by any person or entity concerning the nature, cause or extent of injuries, or legal liability therefore, or any other representations of any type or nature except as set forth herein. No contrary or supplementary oral agreement shall be admissible in a court to contradict, alter, supplement, or otherwise change the meaning of this Agreement.

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IN WITNESS WHEREOF, the parties have hereunder executed this Agreement effective as of the date above written:

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