**Exhibit 10.27**

**Board CompensationPolicy(Adopted May 8, 2006;Amended March 12, 2007)**

*General:*

·       This compensation policyapplies to all board members of ICO Global Communications (Holdings) Limited (“ICO”),including future directors of ICO. The board of ICO reserves the right to amendthis policy from time to time, but such amendments shall not apply to awardsthat have been earned prior to such amendments, without the consent of therespective director.

*Historical Serviceby Current Board Members:*

·       Eachcurrent board member will receive options to purchase 30,000 shares of Class ACommon Stock of ICO at the current fair market value price for each full yearof board service since the emergence of ICO from bankruptcy in 2000. Theseoptions will vest in accordance with the following schedule:  Options willbecome 25% vested following each full year of service as a board member,beginning with the date the options are granted, with the result that theoption becomes completely vested following four years of service.

·       There will be no additionalcompensation for historical service on the board and board committees.

*Ongoing Service byCurrent and Future Board Members:*

·       *Initial Service Option Grant.* Each futureboard member who is not an employee of ICO will receive options to purchase100,000 shares of Class A Common Stock of ICO at the current fair marketvalue price. New members will receive the options at the time they are elected.These options will vest in accordance with the following schedule: Options will become 25% vested following each full year of service as a boardmember, beginning with the date the options are granted, with the result thatthe option becomes completely vested following four years of service.

·       *Annual Service Option Grant.* Each currentand future board member who is not an employee of ICO will receive options topurchase 30,000 shares of Class A Common Stock of ICO at the current fairmarket value price on an annual basis, to be granted on October 1 of eachyear. These options will vest at the rate of 25% per year, beginning as of thedate of grant (October 1) and continuing through the following September 30,with the effect that the options become fully vested after four years ofservice on the board.

·       *Annual Service Cash Payment.* Each currentand future board member that is independent as determined by NASD Marketplace Rule 4350(d)(2) shallreceive $30,000 per year cash compensation for board service, plus cashcompensation for committee service as determined by the full board.

·       *Initial Audit Committee Option Grant.* Eachcurrent and future board member that is independent as determined by NASDMarketplace Rule 4350(d)(2) and who serves on the Audit Committee ofICO will receive options to purchase 50,000 shares of Class A CommonStock of ICO at the current fair market value price, to be granted on the dateof appointment to the Audit Committee. The member of the Audit Committee whoserves as chairman will receive options to purchase an additional50,000 shares of Class A Common Stock at the current fair marketprice, to be granted on the date of appointment as chairman of the committee.These options will become 25% vested following each full year of service on theAudit Committee following the date of appointment, with the effect that theoptions become fully vested after four years of service on the Audit Committeeor as chairman of the Audit Committee, as applicable.

·       *Initial Strategy Committee Option Grant.*Each current and future board member that is independent as determined by NASDMarketplace Rule 4350(d)(2) and who serves on the Strategy Committee 

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of ICO will receiveoptions to purchase 100,000 shares of Class A Common Stock of ICO atthe current fair market value price, to be granted on the date of appointmentto the Strategy Committee. These options will become 25% vested following eachfull year of service on the Strategy Committee following the date ofappointment, with the effect that the options become fully vested after fouryears of service on the Strategy Committee.

·       *Initial Compensation Committee Option Grant.*Each current and future board member that is independent as determined by NASDMarketplace Rule 4350(d)(2) and who serves on the CompensationCommittee of ICO will receive options to purchase 25,000 shares of Class ACommon Stock of ICO at the current fair market value price, to be granted onthe date of appointment to the Compensation Committee. The member of theCompensation Committee who serves as chairman will receive options to purchasean additional 25,000 shares of Class A Common Stock at the currentfair market price, to be granted on the date of appointment as chairman of thecommittee. These options will become 25% vested following each full year ofservice on the Compensation Committee following the date of appointment, withthe effect that the options become fully vested after four years of service onthe Compensation Committee or as chairman of the Compensation Committee, asapplicable.

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