Document:

Exhibit 10.34

 Exhibit 10.34 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 Thomas J. Fitzpatrick 
 THIS AMENDMENT TO EMPLOYMENT
AGREEMENT (the “Amendment”) is made as of the 31st day of December, 2010, by and between IRIDIUM COMMUNICATIONS INC., a Delaware corporation (the “Company”), and Thomas J. Fitzpatrick (“Executive”
and, together with the Company, the “Parties”) and amends and restates those sections of the Employment Agreement between the Company and Executive, dated as of March 31, 2010 (the “Employment
Agreement”) as expressly stated herein. Capitalized terms not defined herein shall have the meanings set forth in the Employment Agreement. 
 WHEREAS, the Company and Executive wish to clarify the manner of compliance with, or exemption from, Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”) of certain payments in the Employment Agreement. 
 NOW, THEREFORE, in consideration of
the promises and the mutual covenants herein contained, the Parties hereby agree as follows: 
 1. Section 3(c) of the Employment
Agreement is amended and restated as follows: 
 (c) Annual Bonus. With respect to each fiscal year of the Company ending
during the Term (as of the Effective Date, a “fiscal year” is the period commencing on January 1 and ending on December 31) and subject to the achievement of the applicable performance goals and Executive’s continued service
through the bonus payment date, Executive shall be eligible to earn an annual bonus (the “Annual Bonus”) with a target amount equal to seventy-five percent (75%) of the Base Salary (the “Target
Bonus”). With respect to the Company’s 2010 fiscal year, the Annual Bonus, if any, shall be pro-rated based on the number of days worked by Executive during such fiscal year. If Executive leaves the employ of the Company prior to
payment of any Annual Bonus, he is not eligible for an annual bonus, pro-rated or otherwise, except as expressly contemplated in Section 9 below. The Annual Bonus, if any, earned for any given year shall be paid to Executive on the date on
which annual bonuses are paid to all other senior executives of the Company, but in no event later than March 15 of the year following the year in which Executive’s right to the Annual Bonus ceases to be subject to a substantial risk of
forfeiture, so as to comply with Treasury Regulation Section 1.409A-1(b)(4). 
 2. Section 9(d) of the Employment Agreement is
amended and restated as follows: 
 (d) Termination for Good Reason or Without Cause. At any time during the Term,
(i) Executive may terminate the Term and Executive’s employment hereunder for “Good Reason” (as defined below) and (ii) the Company may terminate the Term and Executive’s employment hereunder without Cause (that is,
other than by death, Disability or for Cause, in accordance with Section 9(a), 9(b) or 9(c), respectively). “Good Reason” shall mean the occurrence, without Executive’s prior written consent, of any of the following
events: (A) a reduction in the nature or scope of Executive’s responsibilities, duties or authority from those contemplated by this Agreement; (B) a reduction in the then current Base Salary; (C) causing or requiring Executive to
report to any person other than the CEO; (D) the relocation of Executive’s primary office to a location that is not within a sixty (60) mile radius of the Company’s offices in McLean, Virginia; or (E) any other breach
by the Company of a material term of this Agreement, 

 
including but not limited to a breach of Section 11(d)(iii) by failing to cause any successor to the Company to expressly assume and agree to perform this Agreement; provided,
that any such event described in (A) through (E) above shall not constitute Good Reason unless Executive delivers to the Company a Notice of Termination for Good Reason within ninety (90) days after Executive first learns of the
existence of the circumstances giving rise to Good Reason, within thirty (30) days following the delivery of such Notice of Termination for Good Reason the Company has failed to cure the circumstances giving rise to Good Reason, and
Executive’s resignation from all positions he then holds with the Company is effective not later than thirty (30) days following the end of the cure period. 
 Upon the termination of Executive’s employment hereunder pursuant to this Section 9(d), Executive shall receive (i) the Accrued Amounts and (ii) subject to Executive’s execution,
delivery and non-revocation of an effective release of all claims against the Company Group substantially in the form attached hereto as Exhibit A (the “Release”) within the forty-five (45) day period following
the date of the Executive’s Separation from Service, the following severance benefits (collectively, the “Severance Benefits”): 

(1) an amount equal to one (1) times Executive’s then current Base Salary, paid in equal
installments on the Company’s normal payroll schedule over the twelve (12)-month period immediately following the date of Separation from Service (the “Severance Period”), except as set forth below; provided,
however, that if Executive’s Separation from Service occurs prior to the first anniversary of the Effective Date and following the Company’s public announcement that the Board has authorized a sale of substantially all of the business
or assets of the Company (including by way of a merger) for a per Share sale price that is less than $15.00, Executive shall instead receive an amount equal to two (2) times Executive’s then current Base Salary, paid in equal installments
on the Company’s normal payroll schedule over the Severance Period, except as set forth below; provided further, that if Executive’s Separation from Service occurs within the twelve (12) month period commencing on the effective
date of a Change in Control (as defined below), then the amounts described in this paragraph shall be paid to Executive in a single lump sum on the 60th day following Executive’s Separation from Service; 

(2) an amount equal to the Target Bonus for the year of his Separation from Service, paid in equal installments on the
Company’s normal payroll schedule over the Severance Period; provided however, that if Executive’s Separation from Service occurs within the twelve (12) month period commencing on the effective date of a Change in Control, then
the amounts described in this paragraph shall be paid to Executive in a single lump sum on March 15 of the year following the year of the Separation from Service, except as set forth below; 

(3) if Executive is participating in the Company’s employee group health insurance plans on the date of Separation from
Service and subject to Executive making a timely election to continue such coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, or, if applicable, state or local insurance laws (“COBRA”), then the
Company shall pay, as and when due to the COBRA carrier, the COBRA premiums necessary to continue Executive’s health insurance coverage in effect for himself and his eligible dependents on the termination date until the earliest of (A) the
month in which the Severance Period ends, (B) the expiration of eligibility for the continuation coverage under COBRA, and (C) the date when Executive or his dependents become eligible for substantially equivalent health insurance

  
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coverage in connection with new employment or self-employment (such period from the termination date through the earliest of (A) through (C), the “COBRA Payment
Period”). However, if the Company determines, in its sole discretion, that the payment of the COBRA premiums would result in a violation of the nondiscrimination rules of Section 105(h)(2) of the Code or any statute or regulation
of similar effect (including but not limited to the 2010 Patient Protection and Affordable Care Act, as amended by the 2010 Health Care and Education Reconciliation Act), then in lieu of providing the COBRA premiums, the Company shall instead pay
Executive on the first day of each month of the remainder of the COBRA Payment Period, a fully taxable cash payment equal to the COBRA premiums for that month, subject to applicable tax withholdings (such amount, the “Special Severance
Payment”), for the remainder of the COBRA Payment Period. If Executive becomes eligible for coverage under another employer’s group health plan or otherwise ceases to be eligible for COBRA during the period provided in this clause,
Executive must immediately notify the Company of such event, and all payments and obligations under this clause shall cease; 

(4) if such Separation from Service occurs on or within twelve (12) months after a Change in Control (as defined above), one
hundred percent (100%) of Executive’s then-outstanding equity awards shall become vested (and exercisable, as applicable) effective as of the date of Executive’s Separation from Service. 

“Change in Control” shall have the meaning ascribed to such term in the Company’s 2009 Stock Incentive Plan; provided
that to the extent necessary for compliance with Code Section 409A, no transaction will be a Change in Control unless such transaction is also a change in the ownership or effective control of the Company, or a change in the ownership of a
substantial portion of the Company’s assets as described in Treasury Regulation Section 1.409A-3(i)(5). 
 All of the
Severance Benefits are subject to deductions for applicable tax withholdings. No Severance Benefits will be paid prior to the day that is sixty (60) days following the date of Separation from Service. On the sixtieth (60th) day following
the date of Separation from Service, the Company shall pay in a lump sum the aggregate amount of the Severance Benefits that the Company would have paid Executive through such date had the payments commenced on the Separation from Service through
such sixtieth (60th) day, with the balance paid thereafter on the applicable schedules described above. 
 All other
benefits, if any, due Executive following a termination pursuant to this Section 9(d) shall be determined in accordance with the plans, policies and practices of the Company; provided, that Executive shall not be entitled to any
payments or benefits under any severance plan, policy or program of the Company Group. All severance payments under this Agreement are intended to fulfill any statutory obligation to provide notice or pay in lieu of notice. Executive shall not
accrue any additional compensation (including any Base Salary or Annual Bonus) or other benefits under this Agreement following such termination of employment. 
 3. Section 9(e) of the Employment Agreement is amended and restated as follows: 
 (e) Election to Not Extend Term. In the event the Company elects not to extend the Term pursuant to Section 1 of this Agreement (and unless Executive’s employment is earlier terminated
pursuant to subsections (a), (b), (c) or (d) of this Section 9), such election shall be 

  
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treated as a termination by the Company without Cause pursuant to Section 9(d) and Executive’s sole right to payments following his Separation from Service shall be as set forth in
Section 9(d). In the event Executive elects not to extend the Term, such termination of employment shall be a resignation without Good Reason pursuant to Section 9(c). All other benefits, if any, due Executive following a termination
pursuant to this Section 9(e) shall be determined in accordance with the plans, policies and practices of the Company; provided, that Executive shall not participate in any severance plan, policy or program of the Company.
Executive shall not accrue any additional compensation (including any Base Salary or Annual Bonus) or other benefits under this Agreement following such termination. 
 4. Section 9(h) of the Employment Agreement is amended and restated as follows: 
 (h) Taxes. Notwithstanding any other provision of this Agreement to the contrary, if payments made or benefits provided pursuant to this Section 9 or otherwise from the Company Group or any
person or entity are considered “parachute payments” under Section 280G of the Code, then such parachute payments shall be limited to the greatest amount that may be paid to Executive under Section 280G of the Code without
causing any loss of deduction to the Company Group under such section, but only if, by reason of such reduction, the net after tax benefit to Executive shall exceed the net after tax benefit if such reduction were not made. “Net after tax
benefit” for purposes of this Agreement shall mean the sum of (i) the total amounts payable to the Executive under Section 9, plus (ii) all other payments and benefits which the Executive receives or then is entitled to
receive from the Company Group or otherwise that would constitute a “parachute payment” within the meaning of Section 280G of the Code, less (iii) the amount of federal and state income taxes payable with respect to the foregoing
calculated at the maximum marginal income tax rate for each year in which the foregoing shall be paid to Executive (based upon the rate in effect for such year as set forth in the Code at the time of termination of Executive’s employment), less
(iv) the amount of excise taxes imposed with respect to the payments and benefits described in (i) and (ii) above by Section 4999 of the Code. The determination as to whether and to what extent payments are required to be reduced
in accordance with this Section 9(h) shall be made at the Company’s expense by a nationally recognized certified public accounting firm as may be designated by the Company prior to a change in control (the “Accounting
Firm”). In the event of any mistaken underpayment or overpayment under this Agreement, as determined by the Accounting Firm, the amount of such underpayment or overpayment shall forthwith be paid to Executive or refunded to the Company,
as the case may be, with interest at one hundred twenty (120%) of the applicable Federal rate provided for in Section 7872(f)(2) of the Code. Any reduction in payments required by this Section 9(h) shall occur in the following order:
(1) any cash severance, (2) any other cash amount payable to Executive, (3) any benefit valued as a “parachute payment,” (4) the acceleration of vesting of any equity awards that are options, and (5) the
acceleration of vesting of any other equity awards. Within any such category of payments and benefits, a reduction shall occur first with respect to amounts that are not “deferred compensation” within the meaning of Section 409A and
then with respect to amounts that are. In the event that acceleration of compensation from equity awards is to be reduced, such acceleration of vesting shall be canceled, subject to the immediately preceding sentence, in the reverse order of the
date of grant. 
 [Signature page follows.] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date
first above written. 
  

			
	IRIDIUM COMMUNICATIONS INC.
		
	By:	 	 /s/ Matthew J. Desch

		 	Name: Matthew J. Desch
		 	Title: Chief Executive Officer
	
	EXECUTIVE
	
	 /s/ Thomas J. Fitzpatrick

	Thomas J. Fitzpatrick

[Signature Page to Amendment to Employment Agreement] 

  
 1Exhibit 10.38

 Exhibit 10.38 
 [Iridium Letterhead] 
 December 31, 2010 

Eric Morrison 
 C/O Iridium Communications Inc.

 8440 South River Parkway 
 Tempe, AZ
85284 
 Dear Eric: 

This letter agreement (the “Agreement”) from Iridium Communications Inc. (the “Company”) amends your offer letter
from the Company dated April 25, 2006 in order to bring that letter into compliance with, and correct certain ambiguities in respect of payments that are exempt from, Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”). This Agreement amends your offer letter only as expressly set forth herein. 
 Annual Bonus. Amounts
earned under our Bonus Plan will be paid on the date on which annual bonuses are paid to all other similarly situated employees of the Company, but in no event later than March 15 of the year following the year in which your right to the annual
bonus is no longer subject to a substantial risk of forfeiture, so as to comply with Treasury Regulation Section 1.409A-1(b)(4). In order to earn any amounts under the Bonus Plan, you must remain employed through the payment date, except as set
forth below. 
 Expense Reimbursement. If you are entitled to any expense reimbursements (including reimbursements for
taxable benefits) in the course of your duties for the Company, and to the extent that any such reimbursements are subject to the provisions of Section 409A of the Code then: (a) you must submit expense reports within 45 days after the
expense is incurred, (b) any such reimbursements will be paid no later than December 31 of the year following the year in which the expense was incurred, (c) the amount of expenses reimbursed in one year will not affect the amount
eligible for reimbursement in any subsequent year, and (d) the right to reimbursement will not be subject to liquidation or exchange for another benefit. 
 Termination without Cause or Resignation upon Constructive Discharge. If your employment with the Company is terminated by the Company without “cause” (as defined under applicable law)
(and other than as a result of your death or disability), or by you upon “Constructive Discharge” (as defined below), and provided such termination constitutes a “separation from service” (as defined under Treasury Regulation
Section 1.409A-1(h), without regard to any alternative definitions thereunder, a “Separation From Service”), the Company will pay you the following amounts as severance (collectively, the “Severance Benefits”), subject to
your execution, delivery and non-revocation of an effective release of all claims against the Company Group substantially in the form attached hereto as Exhibit A (the “Release”) within the 60-day period following your Separation
from Service: 
 (i) an amount equal to three months of your then-current base salary, paid in equal installments on the
Company’s normal payroll schedule over such period immediately following the date of Separation From Service, except for the delay pending the Release period as described below and except to the extent a delay in payment is required under
Section 409A(a)(2)(B)(i) of the Code (as described below). 

 (ii) an amount equal to the annual bonus for the year of your Separation from Service
that you would have earned (had you remain employed through the payment date), based on actual achievement of the designated performance metrics, pro-rated based on the number of days served in the year of Separation from Service, paid in a cash
lump sum on March 15 of the year following the year of your Separation from Service, except to the extent a delay in payment is required under Section 409A(a)(2)(B)(i) of the Code (as described below). 

“Constructive Discharge” means your resignation from all positions you then hold with the Company and its affiliates after the
assignment of duties that are materially inconsistent with your position, authority, duties or responsibilities, or a substantially adverse alteration in the nature or status of your responsibilities, provided you have given written notice of such
material change to the Company’s General Counsel within 30 days after the first occurrence of such change, the Company has failed to materially cure such change within 30 days after receiving your notice, and your resignation from all positions
you then hold with the Company and its affiliates is effective not later than 30 days after the end of such cure period. 
 All of the Severance Benefits are subject to deductions for applicable tax withholdings. No Severance Benefits will be paid prior to the day that is 60 days following the date of Separation From Service.
On the 60th day following the date of Separation From
Service, the Company shall pay in a single lump sum the aggregate amount of the cash Severance Benefits that the Company would have paid you through such date had the payments commenced on the Separation From Service through such 60th day, with the balance paid thereafter on the applicable schedules
described above. The Severance Benefits are intended to fulfill any statutory obligation to provide notice or pay in lieu of notice. 
 Compliance with Code Section 409A. It is intended that all of the Severance Benefits and other payments payable under your offer letter, as amended by this Agreement, satisfy, to the greatest
extent possible, the exemptions from the application of Section 409A provided under Treasury Regulations 1.409A-1(b)(4), 1.409A-1(b)(5) and 1.409A-1(b)(9), and will be construed to the greatest extent possible as consistent with those
provisions, and to the extent not so exempt, will be construed and interpreted in a manner that makes such amounts compliant with the requirements of Section 409A. For purposes of Code Section 409A (including, without limitation, for
purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), your right to receive any installment payments (whether severance payments, reimbursements or otherwise) shall be treated as a right to receive a series of separate payments and,
accordingly, each installment payment hereunder shall at all times be considered a separate and distinct payment. Notwithstanding any provision to the contrary herein, if you are deemed by the Company at the time of your Separation from Service to
be a “specified employee” for purposes of Code Section 409A(a)(2)(B)(i), and if any of the payments or benefits due upon Separation from Service set forth herein and/or under any other agreement with the Company are deemed to be
“deferred compensation,” then to the extent delayed commencement of any portion of such payments or benefits is required in order to avoid a prohibited distribution under Code Section 409A(a)(2)(B)(i) and the related adverse taxation
under Section 409A, such payments shall not 

 
be provided to you prior to the earliest of (i) the expiration of the six-month period measured from the date of your Separation from Service with the Company, (ii) the date of your
death or (iii) such earlier date as permitted under Section 409A without the imposition of adverse taxation. Upon the first business day following the expiration of such applicable Code Section 409A(a)(2)(B)(i) period, all payments
deferred pursuant to this paragraph shall be paid in a lump sum to you, and any remaining payments due shall be paid as otherwise provided herein or in the applicable agreement. No interest shall be due on any amounts so deferred. For purposes of
the offer letter, as amended by this Agreement, any reference to termination of employment shall be construed to mean a Separation from Service. 
 Your offer letter, as amended by this Agreement, constitutes the complete, final and exclusive embodiment of the entire agreement between you and the Company with regard to its subject matter. To be
clear, this Agreement supersedes all prior understandings (including those in the offer letter) regarding your rights to receive benefits upon a termination of your employment for any reason. This Agreement is entered into without reliance on any
promise or representation, written or oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations. Any ambiguity in this Agreement shall not be construed against either party as the
drafter. This Agreement may be executed in counterparts and email or facsimile signatures will suffice as original signatures. 

If this Agreement is acceptable to you, please sign and return a copy to Jill Piovano on or before December 31, 2010. 

 

			
	IRIDIUM COMMUNICATIONS INC.
		
	By:	 	 /s/ Thomas J. Fitzpatrick

		 	Name: Thomas J. Fitzpatrick
		 	Title: Chief Financial Officer
	
	EMPLOYEE
	
	 /s/ Eric Morrison

	Eric Morrison

 EXHIBIT A 
 GENERAL RELEASE 
 THIS AGREEMENT AND RELEASE, dated as of
                    , 20     (this “Agreement”), is entered into by and between
             (“Executive”) and Iridium Communications Inc. (the “Company”). 

WHEREAS, Executive is currently employed with the Company; and 

WHEREAS, Executive’s employment with the Company will terminate effective as of
                    , 201    ; 
 NOW, THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement and other good and valuable consideration, Executive and the Company hereby agree as follows:

 1. Executive shall be provided severance pay and other benefits (the “Severance Benefits”) in
accordance with the terms and conditions of the employment agreement by and between Executive and the Company, dated as of                  ,
201    , as amended on December     , 2010 (the “Employment Agreement”); provided that, no such Severance Benefits shall be paid or provided if Executive revokes
this Agreement pursuant to Section 5 below. 
 2. Executive, for and on behalf of himself and Executive’s
heirs, successors, agents, representatives, executors and assigns, hereby waives and releases any common law, statutory or other complaints, claims, demands, expenses, damages, liabilities, charges or causes of action (each, a
“Claim”) arising out of or relating to Executive’s employment or termination of employment with, Executive’s serving in any capacity in respect of, or Executive’s status at any time as a holder of any
securities of, any of the Company and any of its affiliates (collectively, the “Company Group”), both known and unknown, in law or in equity, which Executive may now have or ever had against any member of the Company Group or
any equityholder, agent, representative, administrator, trustee, attorney, insurer, fiduciary, employee, director or officer of any member of the Company Group, including their successors and assigns (collectively, the “Company
Releasees”), including, without limitation, any claim for any severance benefit which might have been due Executive under any previous agreement executed by and between any member of the Company Group and Executive, and any complaint,
charge or cause of action arising out of his employment with the Company Group under the Age Discrimination in Employment Act of 1967 (“ADEA,” a law which prohibits discrimination on the basis of age against individuals who
are age 40 or older), the National Labor Relations Act, the Civil Rights Act of 1991, the Americans with Disabilities Act of 1990, Title VII of the Civil Rights Act of 1964, the Employee Retirement Income Security Act of 1974, the Family Medical
Leave Act, the Equal Pay Act, the Securities Act of 1933, the Securities Exchange Act of 1934, the Rehabilitation Act of 1973, the Worker Adjustment and Retraining Notification Act, and the Virginia Human Rights Act, all as amended; and all other
federal, state and local statutes, ordinances and regulations. By signing this Agreement, Executive acknowledges that Executive intends to waive and release any rights known or unknown Executive may have against the Company Releasees under these and
any other laws; provided that, Executive does not waive or 

 
release Claims (i) with respect to the right to enforce this Agreement or those provisions of the Employment Agreement that expressly survive the termination of Executive’s employment
with the Company, (ii) with respect to any vested right Executive may have under any employee pension or welfare benefit plan of the Company Group, or (iii) any rights to indemnification preserved by the Employment Agreement or under any
applicable indemnification agreement, any D&O insurance policy applicable to Executive and/or the Company’s certificates of incorporation, charter and by-laws, or (iv) with respect to any claims that cannot legally be waived.

 3. Executive acknowledges that Executive has been given twenty-one (21) days from the date of receipt of this
Agreement to consider all of the provisions of the Agreement and, to the extent he has not used the entire 21-day period prior to executing the Agreement, he does hereby knowingly and voluntarily waive the remainder of said 21-day period. EXECUTIVE
FURTHER ACKNOWLEDGES THAT HE HAS READ THIS AGREEMENT CAREFULLY, HAS BEEN ADVISED BY THE COMPANY TO CONSULT AN ATTORNEY, AND FULLY UNDERSTANDS THAT BY SIGNING BELOW HE IS GIVING UP CERTAIN RIGHTS WHICH HE MAY HAVE TO SUE OR ASSERT A CLAIM AGAINST ANY
OF THE COMPANY RELEASEES, AS DESCRIBED HEREIN AND THE OTHER PROVISIONS HEREOF. EXECUTIVE ACKNOWLEDGES THAT HE HAS NOT BEEN FORCED OR PRESSURED IN ANY MANNER WHATSOEVER TO SIGN THIS AGREEMENT AND EXECUTIVE AGREES TO ALL OF ITS TERMS VOLUNTARILY.

 4. Executive shall have seven (7) days from the date of Executive’s execution of this Agreement to revoke
the release, including with respect to all claims referred to herein (including, without limitation, any and all claims arising under ADEA). If Executive revokes the Agreement, Executive will be deemed not to have accepted the terms of this
Agreement. 
 5. Executive hereby agrees not to defame or disparage any member of the Company Group or any executive,
manager, director, or officer of any member of the Company Group in any medium to any person without limitation in time. The Company hereby agrees that its board of directors and the executives, managers and officers of the members of the Company
Group shall not defame or disparage Executive in any medium to any person without limitation in time. Notwithstanding this provision, either party may confer in confidence with his or its legal representatives and make truthful statements as
required by law. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

  

	
	IRIDIUM COMMUNICATIONS INC.
	
	  

	By:
	Its:
	
	EXECUTIVE
	
	  

	[Name]

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