Exhibit 10.2



 Exhibit 10.2 
 Summary of 2011 Compensation Arrangements for Non-employee Directors 
 Each
non-employee director (“Outside Director”) of MicroStrategy Incorporated (“MicroStrategy” and collectively with its subsidiaries the “Company”) receives a fee of $25,000 for each quarterly meeting of
MicroStrategy’s Board of Directors (the “Board”) which the Outside Director attends in person. An Outside Director may be paid such fee for attending a quarterly Board meeting via telephonic conference call if the Outside Director has
good reason for the Outside Director’s failure to attend such meeting in person as determined by the Chairman of the Board, but such payment is limited to one occurrence in any given fiscal year. Each Outside Director who is a member of the
Audit Committee also receives a fee of $10,000 (or $12,500 in the case of the Chairman of the Audit Committee) for each quarterly meeting of such committee which the Outside Director attends in person. Each Outside Director who is a member of the
Compensation Committee also receives a fee of $5,000 (or $7,500 in the case of the Chairman of the Compensation Committee), which is paid quarterly, provided that, in order to be eligible to receive the fee with respect to a fiscal quarter, the
Outside Director must have served on the Compensation Committee on the last day of such fiscal quarter. Each Outside Director may receive fees up to $12,000 in any fiscal quarter for additional services delegated by the Board to such Outside
Director in the Outside Director’s capacity as a member of the Audit Committee, the Compensation Committee, the Board, or any other committees of the Board, provided that any such fee paid with respect to a particular service must be approved
by the Board following the completion of such service by the Outside Director. 
 Each Outside Director is reimbursed for all
reasonable out-of-pocket expenses incurred by him or her in attending meetings of the Board and any committee thereof and otherwise in performing his or her duties as an Outside Director, subject to compliance with our standard documentation
policies regarding reimbursement of business expenses. From time to time, the Board may hold meetings and other related activities in various locations for which the Company’s payment of the expenses of Outside Directors and their guests may be
deemed compensation to Outside Directors (“Meeting Activities”). In addition, the Company may hold, host, or otherwise arrange parties, outings, or other similar entertainment events for which the Company’s payment of the expenses of
Outside Directors and their guests may be deemed compensation to Outside Directors (“Entertainment Events”). The Company may also request that Outside Directors participate in conferences, symposia, and other similar events or activities
relating to the Company’s business for which the Company’s payment of the expenses of Outside Directors and their guests may be deemed compensation to Outside Directors (“Company-Sponsored Activities”). 

The Company is also authorized to make available, from time to time, tickets to sporting, charity, dining, entertainment, or similar
events as well as use of corporate suites, club memberships, or similar facilities that the Company may acquire (“Corporate Development Programs”), for personal use by Company personnel to the extent a Corporate Development Program is not
at such time being used exclusively by the Company for business purposes. Eligible personnel include members of the Board, executive officers of the Company, and other employees of the Company. Any such personal use may be deemed compensation to
such persons. 
 The Company has adopted a policy authorizing the Company to make available, from time to time, any designated
vehicle that the Company owns or may acquire (“Designated Vehicles”) for personal use by eligible Company personnel, to the extent the Designated Vehicle is not at such time being used exclusively by the Company for business purposes.
Eligible personnel include the Chief Executive Officer and any employees and members of the Board authorized by the Chief Executive Officer to use Designated Vehicles. Any such personal use may be deemed compensation to such persons. 

Further, the Company is authorized to acquire the services of one or more drivers for vehicles other than a Company vehicle (such
services, “Alternative Car Services”) for personal use by eligible Company personnel. Eligible personnel include the Chief Executive Officer and any employees and members of the Board authorized by the Chief Executive Officer to use
Alternative Car Services. Any such personal use may be deemed compensation to such persons. The Company has established a policy that the aggregate compensation to all Company personnel as a result of use of Alternative Car Services, together with
all associated tax gross-up payments, may not exceed $150,000 in any fiscal year. 







 The Company has adopted an amended and restated aircraft use policy which, among other
things, permits certain personal use of any aircraft in which the Company has leased a fractional interest (the “Fractional Aircraft”) and which is managed by NetJets International, Inc. or any of its affiliates (collectively,
“NetJets”), together with all other aircraft managed or provided by NetJets to the extent that the Company uses such other aircraft in connection with the Company’s lease of the Fractional Aircraft (collectively, the “NetJets
Aircraft”). In addition, the amended and restated aircraft use policy permits certain non-business use of such other aircraft that the Company may, from time to time, lease, charter, or otherwise procure (other than by purchase of an interest
in an aircraft), and that has been designated by MicroStrategy to be “Company Aircraft” for purposes of the amended and restated aircraft use policy (collectively with the NetJets Aircraft, “Company Aircraft”). The amended and
restated aircraft use policy permits personal use of Company Aircraft by (a) the Chief Executive Officer, (b) non-employee members of the Board provided that (i) all non-employee Board members are invited by MicroStrategy to travel on
the applicable flight and (ii) such non-business use is in connection with the non-employee Board member’s participation in one or more of the following: Board meetings and other related activities; parties, outings, or other similar
entertainment events that the Company may hold, host, or otherwise arrange and to which all non-employee Board members have been invited; or conferences, symposia, and other similar events or activities relating to the Company’s business, in
which the non-employee Board member is participating at the Company’s request, and (c) other officers or employees of the Company to the extent approved by the Chief Executive Officer, in each case only when the Company Aircraft in
question is not otherwise being used by the Company exclusively for business use. Any such personal use may be deemed compensation to such persons. 
 To the extent that participation in Meeting Activities, Entertainment Events or Company-Sponsored Activities or personal use of Corporate Development Programs, Designated Vehicles, Alternative Car
Services, or Company Aircraft is deemed compensation to an Outside Director, the Company pays to (or withholds and pays to the appropriate taxing authority on behalf of) such Outside Director a “tax gross-up” in cash, which would
approximate the amount of the individual’s (i) federal and state income and payroll taxes on the taxable income associated with such participation or personal use plus (ii) federal and state income and payroll taxes on the taxes that
the individual may incur as a result of the payment of taxes by the Company, subject to the aggregate amount limitations described above, if applicable. 
 Each Outside Director is also eligible to receive options, restricted stock awards, and other awards under the Amended and Restated 2009 Stock Incentive Plan of Angel.com Incorporated, a wholly owned
subsidiary of MicroStrategy.