2007 Employee Stock Option Plan, as amended



 Exhibit 10.26 
 Approved by DigitalGlobe, Inc. Board on June 14, 2007 
 Approved by Stockholders
June 21, 2007 
 Amended by DigitalGlobe, Inc. Board on March 6, 2008 

DIGITALGLOBE, INC. 
 2007 EMPLOYEE STOCK OPTION PLAN 
  

 
 Plan Document

  
  







 Approved by DigitalGlobe, Inc. Board on June 14, 2007 

Approved by Stockholders June 21, 2007 
 Amended by DigitalGlobe, Inc. Board on March 6, 2008 
 DIGITALGLOBE, INC.

 2007 EMPLOYEE STOCK OPTION PLAN 

 
  

Plan Document 
  

 
 1. Establishment,
Purpose, and Types of Awards  
 DigitalGlobe (the “Company”) hereby establishes this “2007
Employee Stock Option Plan” (hereinafter referred to as the “Plan”), in order to provide equity-based incentives and awards to select employees, directors, consultants, and advisors of the Company and its Affiliates. The
Plan permits the granting of the following types of awards (“Awards”), Options (Section 6), Stock Appreciation Rights (Section 7), and Restricted Shares, Restricted Share Units and Unrestricted Shares (Section 8). To
the extent required by Applicable Law, security holders will be provided with Company financial statements at least annually. 

Except as provided in an Award Agreement, the Plan shall not affect any stock options, equity-based compensation, or other benefits that
the Company or its Affiliates may have provided, or may separately provide in the future pursuant to any agreement, plan, or program that is independent of this Plan. 
 2. Defined Terms  
 Terms in the Plan that begin with an initial
capital letter have the defined meaning set forth in Appendix A, unless defined elsewhere in this Plan or the context of their use clearly indicates a different meaning. 
 3. Shares Subject to the Plan  
 Subject to the provisions of
Section 11 of the Plan, the maximum number of Shares that the Company may issue for all Awards is 25,000,000 Shares (which shall be adjusted upward by 2% on each anniversary of the effective date of the Plan during the term of the Plan). Shares
that are subject to an Award that for any reason expires, is forfeited, is cancelled, or becomes unexercisable, and Shares that are for any other reason not paid or delivered under this Plan shall again, except to the extent prohibited by Applicable
Law, be available for subsequent Awards under the Plan. In addition, the Committee may make future Awards with respect to Shares that the Company retains from otherwise delivering pursuant to an Award under this Plan either (i) as payment of
the exercise price of an Award, or (ii) in order to satisfy the withholding or employment taxes due upon grant, exercise, vesting or distribution of an Award. Notwithstanding the foregoing, but subject to adjustments pursuant to Section 11
below, the number of Shares that are available for ISO Awards shall be determined, to the extent required under applicable tax laws, by reducing the number of Shares designated in the first sentence of this paragraph by the number of Shares granted
pursuant to Awards (whether or not Shares are issued pursuant to such Awards), provided that any Shares that are either issued or purchased under the Plan and forfeited back to the Plan, or surrendered in payment of the Exercise Price for an Award
shall be available for issuance pursuant to future ISO Awards. 







 4. Administration  
 (a) General. The Committee shall administer the Plan in accordance with its terms, provided that the Board may act in lieu of the Committee on any matter. The Committee shall hold meetings at
such times and places as it may determine and shall make such rules and regulations for the conduct of its business as it deems advisable. In the absence of a duly appointed Committee, the Board shall function as the Committee for all purposes of
the Plan. 
 (b) Committee Composition. The Board shall appoint the members of the Committee. If and to the extent
permitted by Applicable Law, the Committee may authorize one or more Reporting Persons (or other officers) to make Awards to Eligible Persons who are not Reporting Persons (or other officers whom the Committee has specifically authorized to make
Awards). The Board may at any time appoint additional members to the Committee, remove and replace members of the Committee with or without cause, and fill vacancies on the Committee. 

(c) Powers of the Committee. Subject to the provisions of the Plan, the Committee shall have the authority, in its sole
discretion: 
 (i) to grant Awards; 

(ii) to determine Eligible Persons to whom Awards shall be granted from time to time and the number of Shares, to be
covered by each Award; 
 (iii) to determine, from time to time, the Fair Value of Shares; 

(iv) to determine, and to set forth in Award Agreements, the terms and conditions of all Awards, including any applicable
exercise or purchase price, the installments and conditions under which an Award shall become vested (which may be based on performance), terminated, expired, cancelled, or replaced, and the circumstances for vesting acceleration or waiver of
forfeiture restrictions, and other restrictions and limitations; 
 (v) to approve the forms of Award Agreements
and all other documents, notices and certificates in connection therewith which need not be identical either as to type of Award or among Participants (The initial form of Award Agreement is set forth in Exhibit “1.” Modification to the
Exhibits shall not constitute an amendment to the Plan); 
 (vi) to construe and interpret the terms of the Plan
and any Award Agreement, to determine the meaning of their terms, and to prescribe, amend, and rescind rules and procedures relating to the Plan and its administration; 

(vii) in order to fulfill the purposes of the Plan and without amending the Plan, to modify, to cancel, or to waive the
Company’s rights with respect to any Awards, to adjust or to modify Award Agreements for changes in Applicable Law, and to recognize differences in foreign law, tax policies, or customs; and 

(viii) to make all other interpretations and to take all other actions that the Committee may consider necessary or
advisable to administer the Plan or to effectuate its purposes. 

  
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 Subject to Applicable Law and the restrictions set forth in the Plan, the Committee may
delegate administrative functions to individuals who are Reporting Persons, officers, or Employees of the Company or its Affiliates. 
 Notwithstanding any provision to the contrary in the Plan, the Committee shall have the discretion to grant options under the Plan that, to the extent so designated in the applicable Award Agreement,
shall be treated as if such options were granted under the Earthwatch Incorporated 1999 Equity Incentive Plan, as in effect from time to time (a copy of the Equity Incentive Plan in effect on April 1, 2007 is attached as Exhibit “2”),
instead of the Plan. 
 (d) Deference to Committee Determinations. The Committee shall have the discretion to
interpret or construe ambiguous, unclear, or implied (but omitted) terms in any fashion it deems to be appropriate in its sole discretion, and to make any findings of fact needed in the administration of the Plan or Award Agreements. The
Committee’s prior exercise of its discretionary authority shall not obligate it to thereafter exercise its authority in a like fashion. The Committee’s interpretation and construction of any provision of the Plan, or of any Award or Award
Agreement, shall be final, binding, and conclusive. The validity of any such interpretation, construction, decision or finding of fact shall not be given de novo review if challenged in court, by arbitration, or in any other forum, and shall
be upheld unless clearly made in bad faith or materially affected by fraud. 
 (e) No Liability; Indemnification.
Neither the Board nor any Committee member, nor any Person acting at the direction of the Board or the Committee, shall be liable for any act, omission, interpretation, construction or determination made in good faith with respect to the Plan, any
Award or any Award Agreement. The Company and its Affiliates shall pay or reimburse any member of the Committee, as well as any Director, Employee, or Consultant who takes action on behalf of the Plan, for all expenses incurred with respect to the
Plan, and to the full extent allowable under Applicable Law shall indemnify each and every one of them for any claims, liabilities, and costs (including reasonable attorney’s fees) arising out of their good faith performance of duties on behalf
of the Plan. 
 5. Eligibility 
 (a) General Rule. Subject to the express provisions of the Plan, the Committee shall determine from the class of Eligible Persons those individuals to whom Awards under the Plan may be
granted, the number of Shares subject to each Award, the price (if any) to be paid for the Shares or the Award. The Committee may grant ISOs only to Employees (including officers who are Employees) of the Company or any Affiliate that is a
“parent corporation” or “subsidiary corporation” within the meaning of Section 424 of the Code, and may grant all other Awards to any Eligible Person. A Participant who has been granted an Award may be granted an additional
Award or Awards if the Committee shall so determine, if such person is otherwise an Eligible Person and if otherwise in accordance with the terms of the Plan. 
 (b) Documentation of Awards. Each Award shall be evidenced by an Award Agreement signed by the Company and, if required by the Committee, by the Participant. The Award Agreement shall set
forth the material terms and conditions of the Award established by the Committee, and each Award shall be subject to the terms and conditions set forth in this Plan unless otherwise specifically provided in an Award Agreement, as permitted by this
Plan. 

  
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 (c) Limits on Awards. During the term of the Plan, no Participant may receive
Options or other Awards that relate to more than 20% of the total number of Shares reserved for Awards pursuant to Section 3 above, as adjusted pursuant to Section 11 below. 

(d) Replacement Awards. Subject to Applicable Laws (including any associated Shareholder approval requirements), the
Committee may, in its sole discretion and upon such terms as it deems appropriate, require as a condition of the grant of an Award to a Participant that the Participant surrender for cancellation some or all of the Awards that have previously been
granted to the Participant under this Plan or otherwise. An Award that is conditioned upon such surrender may or may not be the same type of Award, may cover the same (or a lesser or greater) number of Shares as such surrendered Award, may have
other terms that are determined without regard to the terms or conditions of such surrendered Award, and may contain any other terms that the Committee deems appropriate. In the case of Options, these other terms may not involve an Exercise Price
that is lower than the exercise price of the surrendered Option unless the Company’s shareholders approve the grant itself or the program under which the grant is made pursuant to the Plan. 

6. Option Awards 

(a) Types; Documentation. Subject to Section 5(a), the Committee may in its discretion grant Options pursuant to Award
Agreements that are delivered to Participants. Each Option shall be designated in the Award Agreement as an ISO or a Non-ISO, and the same Award Agreement may grant both types of Options. At the sole discretion of the Committee, any Option may be
exercisable, in whole or in part, immediately upon the grant thereof, or only after the occurrence of a specified event, or only in installments, which installments may vary. Options granted under the Plan may contain such terms and provisions not
inconsistent with the Plan that the Committee shall deem advisable in its sole and absolute discretion. 
 (b) ISO
$100,000 Limitation. To the extent that the aggregate Fair Value of Shares with respect to which Options designated as ISOs first become exercisable by a Participant in any calendar year (under this Plan and any other plan of the Company or any
Affiliate) exceeds $100,000, such excess Options shall be treated as Non-ISOs. For purposes of determining whether the $100,000 limit is exceeded, the Fair Value of the Shares subject to an ISO shall be determined as of the Grant Date. In reducing
the number of Options treated as ISOs to meet the $100,000 limit, the most recently granted Options shall be reduced first. In the event that Section 422 of the Code is amended to alter the limitation set forth therein, the limitation of this
Section 6(b) shall be automatically adjusted accordingly. 
 (c) Term of Options. Each Award Agreement shall
specify a term at the end of which the Option automatically expires, subject to earlier termination provisions contained in Section 6(h) hereof; provided, that, the term of any Option may not exceed ten years from the Grant Date. In the case of
an ISO granted to an Employee who is a Ten Percent Holder on the Grant Date, the term of the ISO shall not exceed five years from the Grant Date. 
 (d) Exercise Price. The exercise price of an Option shall be determined by the Committee in its sole discretion and shall be set forth in the Award Agreement, provided that — 

 

	 	(i)	the per Share exercise price shall not be less than the Fair Value per Share on the Grant Date, and 


  
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	 	(ii)	the per Share exercise price shall not be less than 110% of the Fair Value per Share on the Grant Date for any Options granted to (a) an Employee who is a Ten
Percent Holder on the Grant Date or (b) any person who owns securities possessing more than 10% of the total combined voting power (as defined in Section 194.5 of the California Corporations Code) of all classes of securities of the
Company or its parent or subsidiaries possessing voting power. 

 (e) Exercise of Option. The times,
circumstances and conditions under which an Option shall be exercisable shall be determined by the Committee in its sole discretion and set forth in the Award Agreement. The Committee shall have the discretion to determine whether and to what extent
the vesting of Options shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, vesting of Options shall be tolled during any such leave approved by the Company. 

(f) Methods of Exercise. Prior to its expiration pursuant to the terms of the applicable Award Agreement, and subject to the
times, circumstances and conditions for exercise contained in the applicable Award Agreement, each Option may be exercised, in whole or in part (provided that the Company shall not be required to issue fractional shares), by delivery of written
notice of exercise to the secretary of the Company (in the form approved by the Committee) accompanied by the full exercise price of the Shares being purchased. In the case of an ISO, the Committee shall determine the acceptable methods of payment
on the Grant Date and it shall be included in the applicable Award Agreement (The initial form of exercise is attached as Exhibit “3”). The methods of payment that the Committee may in its discretion accept or commit to accept in an Award
Agreement include: 
 (i) cash or check payable to the Company (in U.S. dollars); 

(ii) other Shares that (A) are owned by the Participant who is purchasing Shares pursuant to an Option, (B) have
a Fair Value on the date of surrender equal to the aggregate exercise price of the Shares as to which the Option is being exercised, (C) were not acquired by such Participant pursuant to the exercise of an Option, unless such Shares have been
owned by such Participant for at least six months or such other period as the Committee may determine, (D) are all, at the time of such surrender, free and clear of any and all claims, pledges, liens and encumbrances, or any restrictions which
would in any manner restrict the transfer of such Shares to or by the Company (other than such restrictions as may have existed prior to an issuance of such Shares by the Company to such Participant), and (E) are duly endorsed for transfer to
the Company; 
 (iii) a cashless exercise program that the Committee may approve, from time to time, pursuant to
which a Participant may concurrently provide irrevocable instructions (A) to such Participant’s broker or dealer to effect the immediate sale of the purchased Shares and remit to the Company, out of the sale proceeds available on the
settlement date, sufficient funds to cover the exercise price of the Option plus all applicable taxes required to be withheld by the Company by reason of such exercise, and (B) to the Company to deliver the certificates for the purchased Shares
directly to such broker or dealer in order to complete the sale; or 
 (iv) any combination of the foregoing
methods of payment. 

  
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 The Company shall not be required to deliver Shares pursuant to the exercise of an Option
until payment of the full exercise price therefore is received by the Company. 
 (g) Vesting. Unless otherwise
provided in an Award Agreement, 1/4 (25%) of the Options granted pursuant to an Award Agreement shall vest on the first anniversary of the date of grant and 1/36th of the remaining 75% shall vest thereafter on each of the first 36 monthly
anniversaries of the date of grant, subject to the Participant remaining in Continuous Service on each such vesting date. The Committee may, in its sole discretion, waive any vesting provisions contained in an Award Agreement, but any such waiver
must be in writing. 
 (h) Termination of Continuous Service. The Committee may establish and set forth in the
applicable Award Agreement the terms and conditions on which an Option shall remain exercisable, if at all, following termination of a Participant’s Continuous Service. The Committee may waive or modify these provisions at any time. To the
extent that a Participant is not entitled to exercise an Option at the date of his or her termination of Continuous Service, or if the Participant (or other person entitled to exercise the Option) does not exercise the Option to the extent so
entitled within the time specified in the Award Agreement or below (as applicable), the Option shall terminate and the Shares underlying the unexercised portion of the Option shall revert to the Plan and become available for future Awards. In no
event may any Option be exercised after the expiration of the Option term as set forth in the Award Agreement. 
 The following
provisions shall apply to the extent an Award Agreement does not specify the terms and conditions upon which an Option shall terminate when there is a termination of a Participant’s Continuous Service: 

(i) Termination other than Upon Disability or Death or for Cause. In the event of termination of a
Participant’s Continuous Service (other than as a result of Participant’s death, disability, or termination for Cause), the Participant shall have the right to exercise an Option at any time within 30 days following such termination
(or such earlier date on which the Option expires) to the extent the Participant was entitled to exercise such Option at the date of such termination. 
 (ii) Disability. In the event of termination of a Participant’s Continuous Service as a result of his or her being Disabled, the Participant shall have the right to exercise an Option at any
time within six months following such termination (or such earlier date on which the Option expires) to the extent the Participant was entitled to exercise such Option at the date of such termination. 

(iii) Death. In the event of the death of a Participant during the period of Continuous Service since the Grant
Date of an Option, or within 12 months following termination of the Participant’s Continuous Service, the Option may be exercised, at any time within 12 months following the date of the Participant’s death (or such earlier date
on which the Option expires), by the Participant’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the right to exercise the Option had vested at the date of death or, if
earlier, the date the Participant’s Continuous Service terminated. 

  
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 (iv) Cause. If the Committee determines that a Participant’s
Continuous Service terminated due to Cause or that the Company had Cause to terminate the Participant’s Continuous Service or would have had Cause if the Company had then known all of the relevant facts, the Participant shall forfeit the right
to exercise any Option as of the time that the Committee determines that Cause first existed, and it shall be considered immediately null and void. 
 If there is a Securities and Exchange Commission blackout period that prohibits the buying or selling or Shares during any part of the ten (10) day period before the expiration of any Option based on
the termination of a Participant’s Continuous Service (as described above), the period for exercising the Options shall be extended until ten (10) days beyond when such blackout period ends. Notwithstanding any provision hereof or within
an Award Agreement, no Option shall ever be exercisable after the expiration date of its original term as set forth in the Award Agreement. 

7. Share Appreciation Rights (SARs) 
 (a) Grants. The Committee may in its discretion grant Share Appreciation Rights to any Eligible Person in any of the following forms: 

(i) SARs related to Options. The Committee may grant SARs either concurrently with the grant of an Option or with
respect to an outstanding Option, in which case the SAR shall extend to all or a portion of the Shares covered by the related Option. An SAR shall entitle the Participant who holds the related Option, upon exercise of the SAR and surrender of the
related Option, or portion thereof, to the extent the SAR and related Option each were previously unexercised, to receive payment of an amount determined pursuant to Section 7(e) below. Any SAR granted in connection with an ISO will contain
such terms as may be required to comply with the provisions of Section 422 of the Code and the regulations promulgated thereunder. 
 (ii) SARs Independent of Options. The Committee may grant SARs which are independent of any Option subject to such conditions as the Committee may in its discretion determine and set forth in the
applicable Award Agreement. 
 (iii) Limited SARs. The Committee may grant SARs exercisable only upon or
in respect of a Change in Control or any other specified event, and such limited SARs may relate to or operate in tandem or combination with or substitution for Options or other SARs, or on a stand-alone basis, and may be payable in cash or Shares
based on the spread between the exercise price of the SAR, and (A) a price based upon or equal to the Fair Value of the Shares during a specified period, at a specified time within a specified period before, after or including the date of such
event, or (B) a price related to consideration payable to Company’s shareholders generally in connection with the event. 
 (b) Exercise Price. The per Share exercise price of an SAR shall be determined in the sole discretion of the Committee, shall be set forth in the applicable Award Agreement, and shall be no less
than the Fair Value of one Share. The exercise price of an SAR related to an Option shall be the same as the exercise price of the related Option. 

  
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 (c) Exercise of SARs. An SAR may not have a term exceeding ten years from its
Grant Date. Unless the Award Agreement otherwise provides, an SAR related to an Option will be exercisable at such time or times, and to the extent, that the related Option will be exercisable; provided that the Award Agreement shall not, without
the approval of the shareholders of the Company, provide for a vesting period for the exercise of the SAR that is more favorable to the Participant than the exercise period for the related Option. An SAR granted independently of any other Award will
be exercisable pursuant to the terms of the Award Agreement. Whether an SAR is related to an Option or is granted independently, the SAR may only be exercised when the Fair Value of the Shares underlying the SAR exceeds the exercise price of the
SAR. 
 (d) Effect on Available Shares. All SARs that may be settled in Shares shall be counted in full against the
number of Shares available for awards under the Plan, regardless of the number of Shares actually issued upon settlement of the SARs. 
 (e) Payment. Upon exercise of an SAR related to an Option and the attendant surrender of an exercisable portion of any related Award, the Participant will be entitled to receive payment of an
amount determined by multiplying — 
 (i) the excess of the Fair Value of a Share on the date of exercise of
the SAR over the exercise price per Share of the SAR, by 
 (ii) the number of Shares with respect to which the
SAR has been exercised. 
 (iii) Notwithstanding the foregoing, an SAR granted independently of an Option
(i) may limit the amount payable to the Participant to a percentage, specified in the Award Agreement but not exceeding one-hundred percent (100%), of the amount determined pursuant to the preceding sentence, and (ii) shall be subject to
any payment or other restrictions that the Committee may at any time impose in its discretion, including restrictions intended to conform the SARs with Section 409A of the Code. 

(f) Form and Terms of Payment. Unless otherwise provided in an Award Agreement, all SARs shall be settled in Shares as soon
as practicable after exercise. Subject to Applicable Law, the Committee may, in its sole discretion, provide in an Award Agreement that the amount determined under Section 7(e) above shall be settled solely in cash, solely in Shares (valued at
their Fair Value on the date of exercise of the SAR), or partly in cash and partly in Shares, with cash paid in lieu of fractional shares. 
 (g) Termination of Employment or Consulting Relationship. The Committee shall establish and set forth in the applicable Award Agreement the terms and conditions under which an SAR shall remain
exercisable, if at all, following termination of a Participant’s Continuous Service. The provisions of Section 6(h) above shall apply to the extent an Award Agreement does not specify the terms and conditions upon which an SAR shall
terminate when there is a termination of a Participant’s Continuous Service. 

  
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 8. Restricted Shares, Restricted Share Units, and Unrestricted Shares  

(a) Grants. The Committee may in its sole discretion grant restricted shares (“Restricted Shares”) to any
Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant and that sets forth the number of Restricted Shares, the purchase price for such Restricted Shares (if any), and the terms upon which the
Restricted Shares may become vested. In addition, the Company may in its discretion grant to any Eligible Person the right to receive Shares after certain vesting requirements are met (“Restricted Share Units”), and shall evidence
such grant in an Award Agreement that is delivered to the Participant which sets forth the number of Shares (or formula, that may be based on future performance or conditions, for determining the number of Shares) that the Participant shall be
entitled to receive upon vesting and the terms upon which the Shares subject to a Restricted Share Unit may become vested. The Committee may condition any Award of Restricted Shares or Restricted Share Units to a Participant on receiving from the
Participant such further assurances and documents as the Committee may require to enforce the restrictions. In addition, the Committee may grant Awards hereunder in the form of unrestricted shares (“Unrestricted Shares”), which
shall vest in full upon the date of grant or such other date as the Committee may determine or which the Committee may issue pursuant to any program under which one or more Eligible Persons (selected by the Committee in its sole discretion) elect to
pay for such Shares or to receive Unrestricted Shares in lieu of cash bonuses that would otherwise be paid. 

(b) Vesting and Forfeiture. The Committee shall set forth in an Award Agreement granting Restricted Shares or Restricted
Share Units, the terms and conditions under which the Participant’s interest in the Restricted Shares or the Shares subject to Restricted Share Units will become vested and non-forfeitable. Except as set forth in the applicable Award Agreement
or as the Committee otherwise determines, upon termination of a Participant’s Continuous Service for any reason, the Participant shall forfeit his or her Restricted Shares and Restricted Share Units; provided that if a Participant purchases the
Restricted Shares and forfeits them for any reason, the Company shall return the purchase price to the Participant only if and to the extent set forth in an Award Agreement. 
 (c) Issuance of Restricted Shares Prior to Vesting. The Company shall issue stock certificates that evidence Restricted Shares pending the lapse of applicable restrictions, and that bear a
legend making appropriate reference to such restrictions. Except as set forth in the applicable Award Agreement or as the Committee otherwise determines, the Company or a third party that the Company designates shall hold such Restricted Shares and
any dividends that accrue with respect to Restricted Shares pursuant to Section 8(e) below. 
 (d) Issuance of
Shares upon Vesting. As soon as practicable after vesting of a Participant’s Restricted Shares (or of the right to receive Shares underlying Restricted Share Units) and the Participant’s satisfaction of applicable tax withholding
requirements, the Company shall release to the Participant, free from the vesting restrictions, one Share for each vested Restricted Share (or issue one Share free of the vesting restriction for each vested Restricted Share Unit), unless an Award
Agreement provides otherwise. No fractional shares shall be distributed, and cash shall be paid in lieu thereof. 
 (e)
Dividends Payable on Vesting. Whenever Shares are released to a Participant or duly-authorized transferee pursuant to Section 8(d) above as a result of the vesting of Restricted Shares or


  
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the Shares underlying Restricted Share Units are issued to a Participant pursuant to Section 8(d) above, such Participant or duly authorized transferee shall also be entitled to receive
(unless otherwise provided in the Award Agreement), with respect to each Share released or issued a number of Shares equal to the sum of (i) any stock dividends, which were declared and paid to the holders of Shares between the Grant Date and
the date such Share is released from the vesting restrictions in the case of Restricted Shares or issued in the case of Restricted Share Units, and (ii) a number of Shares equal to the Shares that the Participant could have purchased at Fair
Value on the payment date of any cash dividends for Shares if the Participant had received such cash dividends with respect to each Restricted Share or Share subject to a Restricted Share Unit Award between its Grant Date and its settlement date.

 (f) Section 83(b) Elections. A Participant may make an election under Section 83(b) of the Code (the
“Section 83(b) Election”) with respect to Restricted Shares. If a Participant who has received Restricted Share Units promptly provides the Committee with written notice of his or her intention to make a Section 83(b)
Election with respect to the Shares subject to such Restricted Share Units, the Committee may in its discretion convert the Participant’s Restricted Share Units into Restricted Shares, on a one-for-one basis, in full satisfaction of the
Participant’s Restricted Share Unit Award. The Participant may then make a Section 83(b) Election with respect to those Restricted Shares. 
 9. Taxes  
 (a) General. As a condition to the issuance
or distribution of Shares pursuant to the Plan, the Participant (or in the case of the Participant’s death, the person who succeeds to the Participant’s rights) shall make such arrangements as the Company may require for the satisfaction
of any applicable federal, state, local or foreign withholding tax obligations that may arise in connection with the Award and the issuance of Shares. The Company shall not be required to issue any Shares until such obligations are satisfied, and
may unilaterally withhold Shares for this purpose. If the Committee allows or effectuates the withholding or surrender of Shares to satisfy a Participant’s tax withholding obligations, the Committee shall not allow Shares to be withheld in an
amount that exceeds the minimum statutory withholding rates for federal and state tax purposes, including payroll taxes. 

(b) Default Rule for Employees. In the absence of any other arrangement authorized by the Committee or set forth in the Award
Agreement, and to the extent permitted under Applicable Law, each Participant shall be deemed to have elected to have the Company withhold from the Shares or cash to be issued pursuant to an Award that number of Shares having a Fair Value determined
as of the applicable Tax Date (as defined below) or cash equal to the minimum applicable tax withholding and employment tax obligations associated with an Award. If such withholding of Shares is not permitted for any reason, the Company shall
satisfy any required withholding through withholding from cash compensation otherwise payable to the Participant. For purposes of this Section 9, the Fair Value of the Shares to be withheld shall be determined on the date that the amount of tax
to be withheld is to be determined under the Applicable Law (the “Tax Date”). 
 (c) Surrender of
Shares. If permitted by the Committee, in its discretion, a Participant may satisfy the minimum applicable tax withholding and employment tax obligations associated with an Award by surrendering Shares to the Company (including Shares that would
otherwise be issued pursuant to the Award) that have a Fair Value determined as of the applicable Tax Date equal to the 

  
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amount required to be withheld. In the case of Shares previously acquired from the Company that are surrendered under this Section 9, such Shares must have been owned by the Participant for
more than six months on the date of surrender (or such longer period of time the Company may in its discretion require). 

(d) Income Taxes and Deferred Compensation. Participants are solely responsible and liable for the satisfaction of all taxes
and penalties that may arise in connection with Awards (including any taxes arising under Section 409A of the Code), and the Company shall not have any obligation to indemnify or otherwise hold any Participant harmless from any or all of such
taxes. The Committee shall have the discretion to organize any deferral program, to require deferral election forms, and to grant or to unilaterally modify any Award in a manner that (i) conforms with the requirements of Section 409A of
the Code, (ii) that voids any Participant election to the extent it would violate Section 409A of the Code, and (iii) for any distribution election that would violate Section 409A of the Code, to make distributions pursuant to
the Award at the earliest to occur of a distribution event that is allowable under Section 409A of the Code or any distribution event that is both allowable under Section 409A of the Code and is elected by the Participant, subject to any
valid second election to defer, provided that the Committee permits second elections to defer in accordance with Section 409A(a)(4)(C). The Committee shall have the sole discretion to interpret the requirements of the Code, including
Section 409A, for purposes of the Plan and all Awards. 
 10. Non-Transferability of Awards  

(a) General. Except as set forth in this Section 10, or as otherwise approved by the Committee, Awards may not be sold,
pledged, assigned, hypothecated, transferred or disposed of in any manner other than by will or by the laws of descent or distribution. The designation of a beneficiary by a Participant will not constitute a transfer (the initial beneficiary
designation form is attached as Exhibit “4”). An Award may be exercised, during the lifetime of the holder of an Award, only by such holder, the duly-authorized legal representative of a Participant who is Disabled, or a transferee
permitted by this Section 10. 
 (b) Limited Transferability Rights. Notwithstanding anything else in this
Section 10, the Committee may in its discretion provide in an Award Agreement that an Award in the form of a Non-ISO, or Restricted Shares may be transferred, on such terms and conditions as the Committee deems appropriate, either (i) by
instrument to the Participant’s “Immediate Family” (as defined below), or (ii) by instrument to an inter vivos or testamentary trust (or other entity) in which the Award is to be passed to the Participant’s designated
beneficiaries. Any transferee of the Participant’s rights shall succeed and be subject to all of the terms of the applicable Award Agreement and the Plan. “Immediate Family” means any child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, and shall include adoptive relationships. 

11. Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions  

(a) Changes in Capitalization. The Committee shall equitably adjust the number of Shares covered by each outstanding Award, and the
number of Shares that have been authorized for issuance under the Plan but as to which no Awards have yet been granted or that have been returned to the Plan upon cancellation, forfeiture, or expiration of an Award, as well as the price per Share
covered by each such outstanding Award, to reflect any increase or decrease in the number of 

  
 -11-









 
issued Shares resulting from a stock-split, reverse stock-split, stock dividend, combination, recapitalization or reclassification of the Shares, or any other increase or decrease in the number
of issued Shares effected without receipt of consideration by the Company. In the event of any such transaction or event, the Committee may provide in substitution for any or all outstanding Awards under the Plan such alternative consideration
(including securities of any surviving entity) as it may in good faith determine to be equitable under the circumstances and may require in connection therewith the surrender of all Awards so replaced. In any case, such substitution of securities
shall not require the consent of any person who is granted Awards pursuant to the Plan. Except as expressly provided herein, or in an Award Agreement, if the Company issues for consideration shares of stock of any class or securities convertible
into shares of stock of any class, the issuance shall not affect, and no adjustment by reason thereof shall be required to be made with respect to the number or price of Shares subject to any Award. 

(b) Dissolution or Liquidation. In the event of the dissolution or liquidation of the Company other than as part of a Change
in Control, each Award will terminate immediately prior to the consummation of such action, subject to the ability of the Committee to exercise any discretion authorized in the case of a Change in Control. 

(c) Change in Control. Unless otherwise provided in the applicable Award Agreement, on a Change in Control (i) 50% of
the then-outstanding unvested Awards held by each Participant who, as of the Change in Control, has at least one year of Continuous Service shall vest; and (ii) 25% of the then-outstanding unvested Stock Awards held by each Participant who, as
of the Change in Control, has less than one year of Continuous Service shall vest. In addition the Committee may in its sole and absolute discretion and authority, without obtaining the approval or consent of the Company’s shareholders or any
Participant with respect to his or her outstanding Awards, take one or more of the following actions: 
 (i)
arrange for or otherwise provide that each outstanding Award shall be assumed or a substantially similar award shall be substituted by a successor corporation or a parent or subsidiary of such successor corporation (the “Successor
Corporation”); 
 (ii) provide that repurchase rights of the Company with respect to Shares issued upon
exercise of an Award shall lapse as to the Shares subject to such repurchase right; 
 (iii) arrange or otherwise
provide for the payment of cash or other consideration to Participants in exchange for the satisfaction and cancellation of outstanding Awards; 
 (iv) provide that to the extent that an Award is not exercised prior to consummation of a transaction in which the Award is not being assumed or substituted, such Award shall terminate upon such
consummation; or 
 (v) make such other modifications, adjustments or amendments to outstanding Awards or this
Plan as the Committee deems necessary or appropriate. 
 (d) Certain Distributions. In the event of any distribution to
the Company’s shareholders of securities of any other entity or other assets (other than dividends payable in cash or stock of the Company) without receipt of consideration by the Company, the Committee may, in its discretion, appropriately
adjust the price per Share covered by each outstanding Award to reflect the effect of such distribution. 

  
 -12-









 12. Time of Granting Awards.  

The date of grant (“Grant Date”) of an Award shall be the date on which the Committee makes the determination granting
such Award or such other date as is determined by the Committee, provided that in the case of an ISO, the Grant Date shall be the later of the date on which the Committee makes the determination granting such ISO or the date of commencement of the
Participant’s employment relationship with the Company. 
 13. Modification of Awards and Substitution of Options. 

 (a) Modification, Extension, and Renewal of Awards. Within the limitations of the Plan, the Committee may modify
an Award to accelerate the rate at which an Option or SAR may be exercised (including without limitation permitting an Option or SAR to be exercised in full without regard to the installment or vesting provisions of the applicable Award Agreement or
whether the Option or SAR is at the time exercisable, to the extent it has not previously been exercised), to accelerate the vesting of any Award, to extend or renew outstanding Awards or to accept the cancellation of outstanding Awards to the
extent not previously exercised. However, the Committee may not cancel an outstanding Option whose exercise price is greater than Fair Value at the time of cancellation for the purpose of reissuing the Option to the Participant at a lower exercise
price or granting a replacement award of a different type. Notwithstanding the foregoing provision, no modification of an outstanding Award shall materially and adversely affect such Participant’s rights thereunder (with such an affect being
presumed to arise from a modification that would trigger a violation of Section 409A of the Code), unless either (i) the Participant provides written consent, or (ii) before a Change in Control, the Committee determines in good faith
that the modification is not materially adverse to the Participant. Nothing in this Section shall prohibit the Committee from taking any action authorized pursuant to Section 11. Furthermore, neither the Company nor the Committee shall, without
shareholder approval, allow for a “repricing” within the meaning of federal securities laws applicable to proxy statement disclosures. 
 (b) Substitution of Options. Notwithstanding any inconsistent provisions or limits under the Plan, in the event the Company or an Affiliate acquires (whether by purchase, merger or otherwise)
all or substantially all of outstanding capital stock or assets of another corporation or in the event of any reorganization or other transaction qualifying under Section 424 of the Code, the Committee may, in accordance with the provisions of
that Section, substitute Options for options under the plan of the acquired company provided (i) the excess of the aggregate fair value of the shares subject to an option immediately after the substitution over the aggregate option price of
such shares is not more than the similar excess immediately before such substitution, and (ii) the new option does not give persons additional benefits, including any extension of the exercise period. 

14. Term of Plan.  

The Plan shall continue in effect for a term of 10 years from its effective date as determined under Section 18 below, unless
the Plan is sooner terminated under Section 15 below. 

  
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 15. Amendment and Termination of the Plan.  

(a) Authority to Amend or Terminate. Subject to Applicable Laws, the Board may from time to time amend, alter, suspend,
discontinue, or terminate the Plan. 
 (b) Effect of Amendment or Termination. No amendment, suspension, or
termination of the Plan shall materially and adversely affect Awards already granted (with such an affect being presumed to arise from a modification that would trigger a violation of Section 409A of the Code) unless either it relates to an
adjustment pursuant to Section 11 or modification pursuant to Section 13(a) above, or it is otherwise mutually agreed between the Participant and the Committee, which agreement must be in writing and signed by the Participant and the
Company. Notwithstanding the foregoing, the Committee may amend the Plan to eliminate provisions which are no longer necessary as a result of changes in tax or securities laws or regulations, or in the interpretation thereof. 

16. Conditions Upon Issuance of Shares. 
 Notwithstanding any other provision of the Plan or any agreement entered into by the Company pursuant to the Plan, the Company shall not be obligated, and shall have no liability for failure, to issue or
deliver any Shares under the Plan unless such issuance or delivery would comply with Applicable Law, with such compliance determined by the Company in consultation with its legal counsel. 
 17. Reservation of Shares.  
 The Company, during the term of this
Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 
 18.
Effective Date.  
 This Plan shall become effective on the date which it has received approval by a vote of a
majority of the votes cast at a duly held meeting of the Company’s shareholders (or by such other shareholder vote that the Committee determines to be sufficient for the issuance of Shares or stock options according to the Company’s
governing documents and applicable state law), which shall occur no later more than 12 months after the date the Plan is adopted by the Company. Awards may be granted under the Plan, but shall not become exercisable, prior to obtaining such
shareholder approval. 
 19. Controlling Law.  
 All disputes relating to or arising from the Plan shall be governed by the internal substantive laws (and not the laws of conflicts of laws) of the State of Colorado, to the extent not preempted by United
States federal law. If any provision of this Plan is held by a court of competent jurisdiction to be invalid and unenforceable, the remaining provisions shall continue to be fully effective. 
 20. Laws And Regulations.  
 (a) U.S. Securities Laws. This
Plan, the grant of Awards, and the exercise of Options and SARs under this Plan, and the obligation of the Company to sell or deliver any of its securities (including, without limitation, Options, Restricted Shares, Restricted Share Units,
Unrestricted Shares, and Shares) under this Plan shall be subject to all Applicable Law. In the event that the 

  
 -14-









 
Shares are not registered under the Securities Act of 1933, as amended (the “Act”), or any applicable state securities laws prior to the delivery of such Shares, the Company may
require, as a condition to the issuance thereof, that the persons to whom Shares are to be issued represent and warrant in writing to the Company that such Shares are being acquired by him or her for investment for his or her own account and not
with a view to, for resale in connection with, or with an intent of participating directly or indirectly in, any distribution of such Shares within the meaning of the Act, and a legend to that effect may be placed on the certificates representing
the Shares. 
 (b) Other Jurisdictions. To facilitate the making of any grant of an Award under this Plan, the
Committee may provide for such special terms for Awards to Participants who are foreign nationals or who are employed by the Company or any Affiliate outside of the United States of America as the Committee may consider necessary or appropriate to
accommodate differences in local law, tax policy or custom. The Company may adopt rules and procedures relating to the operation and administration of this Plan to accommodate the specific requirements of local laws and procedures of particular
countries. Without limiting the foregoing, the Company is specifically authorized to adopt rules and procedures regarding the conversion of local currency, taxes, withholding procedures and handling of stock certificates which vary with the customs
and requirements of particular countries. The Company may adopt sub-plans and establish escrow accounts and trusts as may be appropriate or applicable to particular locations and countries. 
 21. No Shareholder Rights. 
 Neither a Participant nor any
transferee of a Participant shall have any rights as a shareholder of the Company with respect to any Shares underlying any Award until the date of issuance of a share certificate to a Participant or a transferee of a Participant for such Shares in
accordance with the Company’s governing instruments and Applicable Law. Prior to the issuance of Shares pursuant to an Award, a Participant shall not have the right to vote or to receive dividends or any other rights as a shareholder with
respect to the Shares underlying the Award, notwithstanding its exercise in the case of Options and SARs. No adjustment will be made for a dividend or other right that is determined based on a record date prior to the date the stock certificate is
issued, except as otherwise specifically provided for in this Plan. 
 22. No Employment Rights. 

The Plan shall not confer upon any Participant any right to continue an employment, service or consulting relationship with the Company,
nor shall it affect in any way a Participant’s right or the Company’s right to terminate the Participant’s employment, service, or consulting relationship at any time, with or without Cause. By accepting any Award under this Plan a
Participant confirms his or her at-will status (except as otherwise provided in a written employment agreement signed by an officer of the Company) and that such relationship only can be changed by a written agreement signed by an officer of the
Company. 
 23. Termination, Rescission and Recapture of Awards. 

(a) Each Award under the Plan is intended to align the Participant’s long-term interest with those of the Company. If the
Participant engages in certain activities discussed below, either during employment or any other service relationship or after employment or such service relationship with the Company terminates for any reason, the Participant is acting contrary to
the 

  
 -15-









 
long-term interests of the Company. Accordingly, to the extent not prohibited by Applicable Law, the Company may terminate any outstanding, unexercised, unexpired, unpaid, or deferred Awards
(“Termination”), rescind any exercise, payment or delivery pursuant to the Award (“Rescission”), or recapture any Common Stock (whether restricted or unrestricted) or proceeds from the Participant’s sale of
Shares issued pursuant to the Award (“Recapture”), if the Participant does not comply with the conditions of subsections (b), (c), and (d) hereof (collectively, the “Conditions”). 

(b) Each Participant acknowledges that by virtue of his or her employment or other service relationship with the Company, he or she
will be granted otherwise prohibited access to confidential information and proprietary data including but not limited to such information described in those or other similar terms in any applicable patent, confidentiality, inventions, secrecy, or
other agreement between the Participant and the Company, which are not known, and not readily accessible to the Company’s competitors. This information (the “Confidential Information”) includes, but is not limited to, current
and prospective customers; the identity of key contacts at such customers; customers’ particularized preferences and needs; marketing strategies and plans; financial data; personnel data; compensation data; proprietary procedures and processes;
and other unique and specialized practices, programs and plans of the Company and its customers and prospective customers. Each Participant recognizes that this Confidential Information constitutes a valuable property of the Company, developed over
a significant period of time and at substantial expense. Accordingly, each Participant, by accepting any Award under this Plan, agrees that he or she shall not, at any time during or after his or her employment or other service relationship with the
Company, divulge such Confidential Information or make use of it for his or her own purposes or the purposes of any person or entity other than the Company. 
 (c) Pursuant to any agreement between the Participant and the Company with regard to intellectual property (including but not limited to patents, trademarks, copyrights, trade secrets, inventions,
developments, improvements, proprietary information, confidential business and personnel information), a Participant shall promptly disclose and assign to the Company or its designee all right, title, and interest in such intellectual property, and
shall take all reasonable steps necessary to enable the Company to secure all right, title and interest in such intellectual property in the United States and in any foreign country. 

(d) By virtue of his or her relationship with the Company, each Participant will be introduced to and involved in the solicitation
and servicing of existing customers of the Company and new customers obtained by the Company and agrees that all efforts expended in soliciting and servicing such customers shall be for the permanent benefit of the Company. During each
Participant’s employment or other service relationship with the Company he or she will not engage in any conduct which could in any way jeopardize or disturb any of the Company’s customer relationships. Each Participant agrees that, to the
extent not prohibited by Applicable Law, for a period beginning on the date of grant of each Award and ending (i) 1 year after termination of Continuous Service, regardless of the reason for such termination, he or she shall not, directly
or indirectly, without the prior written consent of the Chairman of the Company, market, offer, sell or otherwise furnish any products or services similar to, or otherwise competitive with, those offered by the Company to any customer of the
Company; and (ii) 2 years after termination of Continuous Service, regardless of the reason for such termination, he or she shall not, directly or indirectly, solicit, offer employment to, hire or otherwise retain the services of any
employee or other service provider of the Company. 

  
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 (e) Upon exercise, payment, or delivery of cash or Common Stock pursuant to an Award, the
Participant shall certify on a form acceptable to the Company that he or she is in compliance with the terms and conditions of the Plan and, if a severance of Continuous Service has occurred for any reason, shall state the name and address of the
Participant’s then-current employer or any entity for which the Participant performs business services and the Participant’s title, and shall identify any organization or business in which the Participant owns a greater-than-five-percent
equity interest. 
 (f) If the Company determines, in its sole and absolute discretion, that (i) a Participant has violated
any of the Conditions, or (ii) during his or her Continuous Service has rendered services to or otherwise directly or indirectly engaged in or assisted, any organization or business that, in the judgment of the Company in its sole and absolute
discretion, is or is working to become competitive with the Company; or (iii) during his or her Continuous Service, or within one year after its termination for any reason, a Participant (a) has solicited any non-administrative employee of
the Company to terminate employment with the Company; or (b) has engaged in activities which are materially prejudicial to or in conflict with the interests of the Company, including any breaches of fiduciary duty or the duty of loyalty, or
taken any action or inaction that resulted in a restatement to the Company’s audited financial statements, then, except to the extent prohibited by Applicable Law, the Company may, in its sole and absolute discretion, impose a Termination,
Rescission or Recapture with respect to any or all of the Participant’s relevant Awards, Shares, and the proceeds thereof. 

(g) Within ten days after receiving notice from the Company of any such activity described in Section 23(f) above, the Participant
shall deliver to the Company the Shares acquired pursuant to the Award, or, if Participant has sold the Shares, the gain realized, or payment received as a result of the rescinded exercise, payment, or delivery; provided, that if the Participant
returns Shares that the Participant purchased pursuant to the exercise of an Option (or the gains realized from the sale of such Common Stock), the Company shall promptly refund the exercise price, without earnings, that the Participant paid for the
Shares. Any payment by the Participant to the Company pursuant to this Section 23 shall be made either in cash or by returning to the Company the number of Shares that the Participant received in connection with the rescinded exercise, payment,
or delivery. It shall not be a basis for Termination, Rescission or Recapture if after termination of a Participant’s Continuous Service, the Participant purchases, as an investment or otherwise, stock or other securities of such an
organization or business, so long as (i) such stock or other securities are listed upon a recognized securities exchange or traded over-the-counter, and (ii) such investment does not represent more than a five percent equity interest in
the organization or business. 
 (h) Notwithstanding the foregoing provisions of this Section, the Company has sole and absolute
discretion not to require Termination, Rescission or Recapture, and its determination not to require Termination, Rescission or Recapture with respect to any particular act by a particular Participant or Award shall not in any way reduce or
eliminate the Company’s authority to require Termination, Rescission or Recapture with respect to any other act or Participant or Award. Nothing in this Section shall be construed to impose obligations on the Participant to refrain from
engaging in lawful competition with the Company after the termination of employment that does not violate subsections (b), (c), or (d) of this Section, other than any obligations that are part of any separate agreement between the Company and
the Participant or that arise under Applicable Law. 

  
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 (i) All administrative and discretionary authority given to the Company under this Section
shall be exercised by the most senior human resources executive of the Company or such other person or committee (including without limitation the Committee) as the Committee may designate from time to time. 

(j) Notwithstanding any provision of this Section, if any provision of this Section is determined to be unenforceable or invalid under
any Applicable Law, such provision will be applied to the maximum extent permitted by Applicable Law, and shall automatically be deemed amended in a manner consistent with its objectives to the extent necessary to conform to any limitations required
under Applicable Law. Furthermore, if any provision of this Section is illegal under any Applicable Law, such provision shall be null and void to the extent necessary to comply with Applicable Law. 

24. Pre-IPO Provisions.  
 Subject to any contrary terms set forth in any Award Agreement, for any period preceding the date of an initial public offering, this Section shall be applicable to any Shares subject to or issued
pursuant to Awards. The provisions set forth below shall become null and void upon the occurrence of an initial public offering. 
 (a) Shareholders’ Agreement. As a condition for the delivery of any Shares pursuant to any Award, the Committee may require the Participant to execute and be bound by any agreement that
generally exists between the Company and similarly-situated Shareholders. 
 (b) Repurchase Rights. Unless provided
otherwise in the applicable Award Agreement, after a Participant experiences a termination of Continuous Service, the Company has the right to repurchase some or all of the Participant’s Shares (that were acquired as a result of exercising all
or a portion of an Option or SAR) at any time after the lapse of six months and one day from the date such shares were issued. If the Company exercises its repurchase right, it shall pay the Participant the Fair Value of the Shares repurchased as of
the date of repurchase. The Company shall pay the repurchase price to the Participant in any combination of cash, a promissory note payable over a time not to exceed five years the terms and conditions of which shall be determined in good faith by
the Committee, or by canceling debts the Participant owes to the Company. 
 (c) Market Stand-Off. In connection with any
underwritten public offering by the Company of its equity securities pursuant to an effective registration statement filed under the federal securities laws, including the Company’s initial public offering, Participants shall not directly or
indirectly sell, make any short sale of, loan, hypothecate, pledge, offer, grant or sell any option or other contract for the purchase of, purchase any option or other contract for the sale of, or otherwise dispose or transfer, or agree to engage in
any of the foregoing transactions with respect to, any Shares acquired under this Agreement without the prior written consent of the Company or its underwriters. Such restriction (the “Market Stand-Off”) shall be in effect for such
period of time, not exceeding 180 days, following the date of the final prospectus for the offering as may be requested by the Company or such underwriters. The Market Stand-Off shall in any event terminate two years after the date of the
Company’s initial public offering. In the event of the declaration of a stock dividend, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding
securities without receipt of consideration, any new, substituted or additional securities which are by reason of such transaction distributed with 

  
 -18-









 
respect to any Shares subject to the Market Stand-Off, or into which such Shares thereby become convertible, shall immediately be subject to such Market Stand-Off. In order to enforce the Market
Stand-Off, the Company may impose stop-transfer instructions with respect to the Shares acquired under this Agreement until the end of the applicable stand-off period. The Company and its underwriters shall be beneficiaries of the agreement set
forth in this paragraph. This paragraph shall not apply to Shares registered in a public offering under the federal securities laws, and the Participant shall be subject to this paragraph only if the directors and officers of the Company are subject
to similar arrangements. 

  
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 DigitalGlobe, Inc. 

Employee Stock Option Plan 
  

 

Appendix A: Definitions 
  

 
 As used in the Plan, the
following definitions shall apply: 
 “Affiliate” means, with respect to any Person (as defined below),
any other Person that directly or indirectly controls or is controlled by or under common control with such Person. For the purposes of this definition, “control,” when used with respect to any Person, means the possession, direct
or indirect, of the power to direct or cause the direction of the management and policies of such Person or the power to elect directors, whether through the ownership of voting securities, by contract or otherwise; and the terms
“Affiliated,” “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Applicable Law” means the legal requirements relating to the administration of options and share-based plans under applicable U.S. federal and state laws, the Code, and any
applicable stock exchange or automated quotation system rules or regulations (to the extent the Committee determines in its discretion that compliance with such rules or regulations is desirable) and the applicable laws of any other country or
jurisdiction where Awards are granted or that apply to the Company’s or a Participant’s rights and obligations under this Plan or any Award Agreement, as such laws, rules, regulations and requirements shall be in place from time to time.

 “Award” means any award made pursuant to the Plan, including awards made in the form of an Option, an
SAR, a Restricted Share, a Restricted Share Unit, an Unrestricted Share, or any combination thereof, whether alternative or cumulative, authorized by and granted under this Plan. 

“Award Agreement” means any written document setting forth the terms of an Award that has been authorized by the
Committee. The Committee shall determine the form or forms of documents to be used, and may change them from time to time for any reason. 
 “Board” means the Board of Directors of the Company. 
 “Cause” for termination of a Participant’s Continuous Service will have the meaning set forth in any unexpired employment agreement between the Company and the
Participant.1 In the absence of such an agreement, “Cause” will exist if the Participant is terminated from employment or
other service with the Company or an Affiliate for any of the following reasons: (i) the Participant’s willful failure to substantially perform his or her duties and responsibilities to the Company or deliberate violation of a material
Company policy; (ii) the Participant’s commission of any material act or acts of fraud, embezzlement, dishonesty, or other willful misconduct; (iii) the Participant’s material unauthorized use or disclosure of any proprietary
information or trade secrets of the Company or any other party to whom the Participant owes an obligation of nondisclosure as a result of his or her relationship with the Company; (iv) Participant’s willful and material breach of

  

	1 	 Confirm this limitation. 









 
any of his or her obligations under any written agreement or covenant with the Company or any of its Affiliates; (v) the Participant’s conviction of, or plea of nolo contendere to a
crime involving fraud, theft, or moral turpitude or any felony; or (vi) the Participant’s misconduct, significant failure to perform the Participant’s duties or engagement in any activity that constitutes a conflict of interest with
the Company or its Affiliates. 
 The Committee shall in its discretion determine whether or not a Participant is being
terminated for Cause. The Committee’s determination shall, unless arbitrary and capricious, be final and binding on the Participant, the Company, and all other affected persons. The foregoing definition does not in any way limit the
Company’s ability to terminate a Participant’s employment or consulting relationship at any time, and the term “Company” will be interpreted herein to include any Affiliate or successor thereto, if appropriate. 

“Change in Control” means any of the following: 

(i) Acquisition of Controlling Interest. Any Person (other than Persons who are Employees at any time more
than one year before a transaction) becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s then outstanding securities. In
applying the preceding sentence, (i) securities acquired directly from the Company or its Affiliates by or for the Person shall not be taken into account, and (ii) an agreement to vote securities shall be disregarded unless its ultimate
purpose is to cause what would otherwise be Change in Control, as reasonably determined by the Board. 
 (ii)
Merger. The Company consummates a merger, or consolidation of the Company with any other corporation unless: (a) the voting securities of the Company outstanding immediately before the merger or consolidation would continue to represent
(either by remaining outstanding or by being converted into voting securities of the surviving entity) at least 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately
after such merger or consolidation; and (b) no Person (other than Persons who are Employees at any time more than one year before a transaction) becomes the Beneficial Owner, directly or indirectly, of securities of the Company
representing 50% or more of the combined voting power of the Company’s then outstanding securities. 
 (iii) Sale of Assets. The stockholders of the Company approve an agreement for the sale or disposition by the Company of all, or substantially all, of the Company’s assets. 

(iv) Liquidation or Dissolution. The stockholders of the Company approve a plan or proposal for liquidation or
dissolution of the Company. 
 Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have
occurred by virtue of the consummation of any transaction or series of integrated transactions immediately following which the record holders of the common stock of the Company immediately prior to such transaction or series of transactions continue
to have substantially the same proportionate ownership in an entity which owns all or substantially all of the assets of the Company immediately following such transaction or series of transactions. 

  
 -2-









 “Code” means the U.S. Internal Revenue Code of 1986, as amended.

 “Committee” means one or more committees or subcommittees of the Board appointed by the Board to
administer the Plan in accordance with Section 4 above. With respect to any decision involving an Award made at a time when the Company is publicly traded and that is intended to satisfy the requirements of Section 162(m) of the Code, the
Committee shall consist of two or more Directors of the Company who are “outside directors” within the meaning of Section 162(m) of the Code. With respect to any decision relating to a Reporting Person made at a time when the Company
is publicly traded, the Committee shall consist of two or more Directors who are disinterested within the meaning of Rule 16b-3. 
 “Company” means DigitalGlobe, Inc., a Delaware corporation; provided, however, that in the event the Company reincorporates to another jurisdiction, all references to the term
“Company” shall refer to the Company in such new jurisdiction. 
 “Consultant” means any
person, including an advisor, who is engaged by the Company or any Affiliate to render services and is compensated for such services. 
 “Continuous Service” means the absence of any interruption or termination of service as an Employee, Director, or Consultant. Continuous Service shall not be considered interrupted
in the case of: (i) sick leave; (ii) military leave; (iii) any other leave of absence approved by the Committee, provided that such leave is for a period of not more than 90 days, unless reemployment upon the expiration of such
leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to time; or (iv) in the case of transfers between locations of the Company or between the Company, its Affiliates or their
respective successors. Changes in status between service as an Employee, Director, and a Consultant will constitute an interruption of Continuous Service if the Committee determines that the individual has not continued or will not continue to
perform bona fide services for the Company or determines that the relationship will or may result in adverse accounting consequences. 
 “Director” means a member of the Board, or a member of the board of directors of an Affiliate. 
 “Disabled” means that a Participant is contemporaneously receiving full disability benefits under a long-term disability plan maintained by the Company (but, if a Participant is
awarded disability benefits as the result of such a disability plan’s formal claims procedure process, prior to denial at the final level of administrative appeal, he or she shall be deemed to have contemporaneously received such benefits with
respect to the period for which they were awarded). If a Participant is denied such benefits at the final level of appeal, or does not timely pursue his or her disability plan administrative remedies through the final level of appeal, he or she
shall not be considered to be Disabled for purposes of the Plan. 
 “Eligible Person” means any
Consultant, Director or Employee and includes non-Employees to whom an offer of employment has been or is being extended. 

“Employee” means any person whom the Company or any Affiliate classifies as an employee (including an officer)
for employment tax purposes, whether or not that classification is correct. The payment by the Company of a director’s fee to a Director shall not be sufficient to constitute “employment” of such Director by the Company. 

  
 -3-









 “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
 “Fair Value” means, as of any date (the “Determination Date”) means:
(i) the closing price of a Share on the New York Stock Exchange or the American Stock Exchange (collectively, the “Exchange”), on the Determination Date, or, if shares were not traded on the Determination Date, then on the
nearest preceding trading day during which a sale occurred; or (ii) if such stock is not traded on the Exchange but is quoted on Nasdaq or a successor quotation system, (A) the last sales price (if the stock is then listed as a National
Market Issue under The Nasdaq National Market System) or (B) the mean between the closing representative bid and asked prices (in all other cases) for the stock on the Determination Date as reported by Nasdaq or such successor quotation system;
or (iii) if such stock is not traded on the Exchange or quoted on Nasdaq but is otherwise traded in the over-the-counter, the mean between the representative bid and asked prices on the Determination Date; or (iv) if subsections
(i)-(iii) do not apply, the fair value established in good faith by the Board or the Committee. 
 “Grant
Date” has the meaning set forth in Section 12 of the Plan. 
 “Incentive Share Option or
ISO” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code, as designated in the applicable Award Agreement. 

“Non-ISO” means an Option not intended to qualify as an ISO, as designated in the applicable Award Agreement.

 “Option” means any stock option granted pursuant to Section 6 of the Plan. 

“Participant” means any holder of one or more Awards, or the Shares issuable or issued upon exercise of such
Awards, under the Plan. 
 “Person” means any natural person, association, trust, business trust,
cooperative, corporation, general partnership, joint venture, joint-stock company, limited partnership, limited liability company, real estate investment trust, regulatory body, governmental agency or instrumentality, unincorporated organization or
organizational entity. 
 “Plan” means this DigitalGlobe, Inc. 2007 Employee Stock Option Plan.

 “Reporting Person” means an officer, Director, or greater than ten percent shareholder of the Company
within the meaning of Rule 16a-2 under the Exchange Act, who is required to file reports pursuant to Rule 16a-3 under the Exchange Act. 
 “Restricted Shares” mean Shares subject to restrictions imposed pursuant to Section 8 of the Plan. 
 “Restricted Share Units” mean Awards pursuant to Section 8 of the Plan. 

  
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 “Rule 16b-3” means Rule 16b-3 promulgated under the
Exchange Act, as amended from time to time, or any successor provision. 
 “SAR” or “Share Appreciation
Right” means Awards granted pursuant to Section 7 of the Plan. 
 “Share” means a
share of common stock of the Company, as adjusted in accordance with Section 11 of the Plan. 
 “Ten Percent
Holder” means a person who owns stock representing more than ten percent (10%) of the combined voting power of all classes of stock of the Company or any Affiliate. 

“Unrestricted Shares” mean Shares awarded pursuant to Section 8 of the Plan. 

  
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 Exhibit 1 
 DIGITALGLOBE, INC. 
 2007 EMPLOYEE STOCK PLAN 

 
  

Stock Option Award Agreement 
  

 
 Award No.
             
 You are hereby awarded the following
stock option (the “Option”) to purchase Shares of DigitalGlobe, Inc. (the “Company”), subject to the terms and conditions set forth in this Stock Option Award Agreement (the “Award Agreement”) and
in the DigitalGlobe, Inc. 2007 Employee Stock Option Plan (the “Plan”), which is attached hereto as Appendix 1. You should carefully review these documents, and consult with your personal financial advisor, before exercising
this Option. 
 By executing this Award Agreement, you agree to be bound by all of the Plan’s terms and conditions as if
they had been set out verbatim below. In addition, you recognize and agree that all determinations, interpretations, or other actions respecting the Plan and this Award Agreement will be made by the Company’s Board of Directors or any Committee
appointed by the Board to administer the Plan, and shall (in the absence of material and manifest bad faith or fraud) be final, conclusive and binding on all parties, including you and your successors in interest. Terms that begin with initial
capital letters have the special meanings set forth in the Plan or in this Award Agreement (unless the context indicates otherwise). 
 1.
Specific Terms. This Option shall have, and be interpreted according to, the following terms, subject to the provisions of the Plan in all instances: 
  

							
	Your Name:	  	  
	  	
				
	Type of Stock Option:	  	 ̈	  	Incentive Stock Option (ISO)1	  	
				
		  	 ̈	  	Non-Incentive Stock Option	  	
			
	Number of Shares subject to Option:	  	  
	  	
			
	Option Exercise Price per Share:	  	  
	  	
			
	Grant Date:	  	  
	  	

  

			
	 Vesting Schedule:
	  	(Establishes your rights to exercise this Option with respect to the Number of Shares stated above, subject to any shareholder approval requirement set forth in the
Plan.)

  

	1 	 If you directly or indirectly own more than 10% of the voting power of all classes of stock of the Company or of any Subsidiary, then the term of your
ISO cannot exceed 5 years and the exercise price must be at least 110% of the Fair Value (100% for any other employee who is receiving ISO awards). Only employees may receive ISOs. 









  

							
		  	25% on the first anniversary of the Grant Date (subject to your Continuous Service through such date) and 1/36th of the remaining 75% thereafter on each of the first
36 monthly anniversaries of the Grant Date (subject to your Continuous Service through each such date).
				
	Expiration Date:	  	 ̈	  	            years after Grant Date; or	  	
				
		  	 ̈	  	10 years after Grant Date.	  	

 2. Term of Option. The term of the Option will expire at 5:00 p.m. (M.D.T. or M.S.T., as applicable) on the
Expiration Date. 
 3. Manner of Exercise. The Option shall be exercised in the manner set forth in the Plan, using the exercise
form required by the Committee. The amount of Shares for which the Option may be exercised is cumulative; that is, if you fail to exercise the Option for all of the Shares vested under the Option during any period set forth above, then any Shares
subject to the Option that are not exercised during such period may be exercised during any subsequent period, until the expiration or termination of the Option pursuant to Sections 2 and 5 of this Award Agreement and the terms of the Plan.
Fractional Shares may not be purchased. 
 4. Special ISO Provisions. If designated as an ISO, this Option shall be treated as an
ISO to the extent allowable under Section 422 of the Code, and shall otherwise be treated as a Non-ISO. If you sell or otherwise dispose of Shares acquired upon the exercise of an ISO within 1 year from the date such Shares were acquired
or 2 years from the Grant Date, you agree to deliver a written report to the Company within 10 days following the sale or other disposition of such Shares detailing the net proceeds of such sale or disposition. 

5. Termination of Continuous Service. If your Continuous Service with the Company is terminated for any reason, this Option shall terminate
on the date on which you cease to have any right to exercise the Option pursuant to the terms and conditions set forth in Section 6 of the Plan. 
 6. Designation of Beneficiary. Notwithstanding anything to the contrary contained herein or in the Plan, following the execution of this Award Agreement, you may expressly designate a
beneficiary (the “Beneficiary”) to your interest in the Option awarded hereby. You shall designate the Beneficiary by completing and executing a designation of beneficiary agreement in the form required by the Committee (the
“Designation of Beneficiary”) and delivering an executed copy of the Designation of Beneficiary to the Company’s HR Manager or such other person designated by the Company in writing. 

7. Restrictions on Transfer of Awards; Right of Repurchase. This Award Agreement may not be sold, pledged, or otherwise transferred
without the prior written consent of the Committee. If the Committee permits any such transfer, any transferee shall succeed and be subject to all of the terms of this Award Agreement and the Plan. If you experience a termination of Continuous
Service, the Company has the right to repurchase some or all of your Shares (that were acquired as a result of exercising all or a portion of your option) at any time after the lapse of six months and one day from the date such shares were issued.
If the Company exercises its repurchase right, it shall pay you the Fair Value of the Shares repurchased as of the date of repurchase. The Company shall pay 

  
 -2-









 
the repurchase price to you in any combination of cash, a promissory note payable over a time not to exceed five years, or by canceling debts you owe to the Company. The Company’s repurchase
rights as set forth in this Section 7 shall lapse on the effective date of an initial public offering. 
 8. Conditions on Issuance
of Shares; Transfer Restrictions. Notwithstanding any other provision of the Plan or of this Award Agreement: (i) the Committee may condition your receipt of Shares on your execution of a shareholder agreement imposing terms
generally applicable to other similarly-situated employee-shareholders; and (ii) unless authorized by the Committee in writing, any Shares issued pursuant to this Award Agreement shall be non-transferable except in accordance with
Section 7 above. 
 9. Taxes. By signing this Award Agreement, you acknowledge that you shall be solely responsible for the
satisfaction of any taxes that may arise (including taxes arising under Sections 409A or 4999 of the Code), and that neither the Company nor the Committee shall have any obligation whatsoever to pay such taxes. In the event that any payment or
benefit received or to be received by Participant pursuant to the Plan or otherwise (collectively, the “Payments”) would result in a “parachute payment” as described in section 280G of the Internal Revenue Code of 1986, as
amended (or any successor provision), notwithstanding the other provisions of this Award Agreement, the Plan, or any other agreement or arrangement (but subject to any contrary provisions of any separate unexpired employment or other agreement
between you and the Company), such Payments shall not, in the aggregate, exceed the maximum amount that may be paid to you without triggering golden parachute penalties under Section 280G and related provisions of the Internal Revenue Code, as
determined in good faith by the Company’s independent auditors. If any benefits must be cut back to avoid triggering such penalties, they shall be cut back in the priority order designated by the Company. If an amount in excess of the limit set
forth in this section is paid to you, you shall repay the excess amount to the Company on demand, with interest at the rate provided for in Internal Revenue Code Section 1274(b)(2)(B) (or any successor provision). The Company and you agree to
cooperate with each other in connection with any administrative or judicial proceedings concerning the existence or amount of golden parachute penalties. The foregoing reduction, however, shall only apply if it increases the net amount you would
realize from Payments, after payment of income and excise taxes on such Payments. 
 10. Notices. Any notice or communication
required or permitted by any provision of this Award Agreement to be given to you generally shall be in writing and generally shall be delivered electronically, personally, or by certified mail, return receipt requested, addressed to you at the last
address that the Company had for you on its records. Any notice or communication required or permitted by any provision of this Award Agreement to be given by you must be in writing and delivered personally or by certified mail, return receipt
requested, addressed to the Company’s HR Manager at its corporate headquarters. Each party may, from time to time, by notice to the other party hereto, specify a new e-mail or address for delivery of notices relating to this Award Agreement.
Any such notice shall be deemed to be given as of the date such notice is personally delivered or properly mailed. 
 11. Binding
Effect. Except as otherwise provided in this Award Agreement or in the Plan, every covenant, term, and provision of this Award Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs,
legatees, legal representatives, successors, transferees, and assigns. 

  
 -3-









 12. Modifications. This Award Agreement may be modified or amended at any time, in
accordance with Section 13 of the Plan and provided that you must consent in writing to any modification that adversely and materially affects your rights or obligations under this Award Agreement (with such an affect being presumed to arise
from a modification that would trigger a violation of Section 409A of the Code). Notwithstanding the foregoing, the Committee may, however, take the action permitted by Section 11 of the Plan without your written consent. 

13. Headings. Section and other headings contained in this Award Agreement are for reference purposes only and are not intended to
describe, interpret, define or limit the scope or intent of this Award Agreement or any provision hereof. 
 14. Severability.
Every provision of this Award Agreement and of the Plan is intended to be severable. If any term hereof is illegal or invalid for any reason, such illegality or invalidity shall not affect the validity or legality of the remaining terms of this
Award Agreement. 
 15. Counterparts. This Award Agreement may be executed by the parties hereto in separate counterparts, each of
which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. 

16. Plan Governs. By signing this Award Agreement, you acknowledge that you have received a copy of the Plan and that your Award Agreement
is subject to all the provisions contained in the Plan, the provisions of which are made a part of this Award Agreement and your Award is subject to all interpretations, amendments, rules and regulations which from time to time may be promulgated
and adopted pursuant to the Plan. In the event of a conflict between the provisions of this Award Agreement and those of the Plan, the provisions of the Plan shall control. 
 17. Investment Purposes. By executing this Award Agreement, you represent and warrant that any Shares issued to you pursuant to your Options will be held for investment purposes only for
your own account, and not with a view to, for resale in connection with, or with an intent in participating directly or indirectly in, any distribution of such Shares within the meaning of the Securities Act of 1933, as amended. 

18. Not a Contract of Employment. By executing this Award Agreement you acknowledge and agree that (i) any person who is
terminated before full vesting of an award, such as the one granted to you by this Award Agreement, could claim that he or she was terminated to preclude vesting; (ii) you promise never to make such a claim; (iii) nothing in this Award
Agreement or the Plan confers on you any right to continue an employment, service or consulting relationship with the Company, nor shall it affect in any way your right or the Company’s right to terminate your employment, service, or consulting
relationship at any time, with or without Cause; (iv) unless you have a written agreement signed by the Company’s President providing otherwise, you are an at-will employee who may be terminated at any time and for any or no reason; and
(v) the Company would not have granted this Award to you but for these Acknowledgments and agreements. 
 19. Long-term Consideration
for Award. By executing this Award Agreement you acknowledge the terms and conditions set forth in Section 23 of the Plan and that such terms are hereby incorporated by reference and made an integral part of this Award Agreement.
An invalidation of all or part of Section 23 of the Plan, or your commencement of litigation to invalidate, modify, or alter the terms and conditions set forth in this Section 19 of this Award Agreement or Section 23 of


  
 -4-









 
the Plan, shall cause this Award to become null, void, and unenforceable. You further acknowledge and agree that the terms and conditions of this Section and Section 23 of the Plan shall
survive both (i) the termination of your Continuous Service for any reason, and (ii) the termination of the Plan, for any reason. You acknowledge and agree that the grant of Options in this Award Agreement is just and adequate
consideration for the survival of the restrictions set forth herein, and that the Company may pursue any or all of the following remedies if you either violate the terms of this Section or Section 23 of the Plan or succeed for any reason in
invalidating any part of it (it being understood that the invalidity of any term hereof would result in a failure of consideration for the Award): 
  

	 	(i)	declaration that the Award is null and void and of no further force or effect; 


 

	 	(ii)	recapture of any cash paid or Shares issued to you, or any designee or beneficiary of you, pursuant to the Award; 


 

	 	(iii)	recapture of the proceeds, plus reasonable interest, with respect to any Shares that are both issued pursuant to this Award and sold or otherwise disposed of by you, or
any designee or beneficiary of you. 

 The remedies provided above are not intended to be exclusive, and the Company may seek such
other remedies as are provided by law, including equitable relief. You acknowledge and agree that your adherence to the foregoing requirements will not prevent you from engaging in your chosen occupation and earning a satisfactory livelihood
following the termination of your employment with the Company 
 20. Governing Law. The laws of the State of Colorado shall govern
the validity of this Award Agreement, the construction of its terms, and the interpretation of the rights and duties of the parties hereto. 

  
 -5-









 BY YOUR SIGNATURE BELOW, along with the signature of the Company’s representative, you
and the Company agree that the Option is awarded under and governed by the terms and conditions of this Award Agreement and the Plan. 
  

					
	DIGITALGLOBE, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	PARTICIPANT
	
	The undersigned Participant hereby accepts the terms of this Award Agreement and the Plan.
		
	By:	 	  

		
	Name of Participant:	 	  




  
 -6-









 Exhibit 2 
 EARTHWATCH INCORPORATED 1999 EQUITY INCENTIVE PLAN 







 Exhibit 3 
 DIGITALGLOBE, INC. 
 2007 EMPLOYEE STOCK OPTION PLAN 

 
  

Form of Exercise of Stock Option Award Agreement 

 
  

 

			
		  	DigitalGlobe, Inc.
		
	Attention:	  	  

		
		  	  


 Dear Sir or Madam: 
 The undersigned elects to exercise his/her Incentive Stock Option to purchase              shares of Common Stock of DigitalGlobe, Inc.
(the “Company”) under and pursuant to a Stock Option Agreement dated as of             . 
 Delivered herewith is a certified or bank cashier’s or teller’s check in the amount of $        . 

The name or names to be on the stock certificate or certificates and the address and Social Security Number(s) of such person(s) is as
follows: 
  

							
	Name:	 	  

		
	Address:	 	  

		
	Social Security Number	 	  


  

					
		 		 	Very truly yours,
			
	  
	 		 	  

	Date	 		 	Optionee


  
 -2-









 Exhibit 4 
 DIGITALGLOBE, INC. 
 2007 EMPLOYEE STOCK OPTION PLAN 

 
  

Designation of Beneficiary 
  

 
 In connection
with the Awards designated below that I have received pursuant to the Plan, I hereby designate the person specified below as the beneficiary upon my death of my interest in Awards as defined in the Company’s 2007 Employee Stock Option Plan (the
“Plan”). This designation shall remain in effect until revoked in writing by me. 
  

									
		 	Name of Beneficiary:	 		 	  
	 	
					
		 	Address:	 		 	  
	 	
					
		 		 		 	  
	 	
					
		 		 		 	  
	 	
					
		 	Social Security No.:	 		 	  
	 	

 This beneficiary designation relates to any and all of my rights under the following Award or Awards:

  

	 	 ̈	any Award that I have received or ever receive under the Plan. 

  

	 	 ̈	the                      Award that I received pursuant to an
award agreement dated                  ,          between myself and the Company. 


I understand that this designation operates to entitle the above-named beneficiary, in the event of my death, to any and all of my rights
under the Award(s) designated above from the date this form is delivered to the Company until such date as this designation is revoked in writing by me, including by delivery to the Company of a written designation of beneficiary executed by me on a
later date. 
  

			
	Date:	 	  

	By:	 	  

		 	Name of Participant



	
	
	 Sworn to before me this

     day of             ,
200    

	
	  

	Notary Public


			
	County of	 	  

	State of	 	  









 Exhibit 2 
 (This form is needed only when designating a non-spouse as a beneficiary) 
  

					
	
( State of                     
     
	  	)	  	


					
	
(                        
                
	  	) ss.	  	


					
	
( County of                     
   
	  	)	  	

 SPOUSE’S CONSENT 
 TO 
 BENEFICIARY DESIGNATION 

                     (Name of Spouse), being duly
sworn, deposes and says: 
 As the spouse of
                     (Name of Participant) — I have read the Designation of Beneficiary form attached to this affidavit and completed by
my spouse. I understand that: 
 1. My spouse has named an entity or a person other than me to receive benefits under the DigitalGlobe, Inc.
2007 Employee Stock Option Plan. This benefit may consist of community property in which I have an interest. 
 2. The designation of a
beneficiary other than me will cause some or all of any benefits available on my spouse’s death to be provided to the named beneficiary rather than to me. 
 3. If I do not voluntarily consent to my spouse’s beneficiary designation, the designation may be invalid and I may receive the Plan benefits that may be available on my spouse’s death.

 I hereby voluntarily consent to and join in the beneficiary selections made by my spouse by means of the attached form. This affidavit of
consent applies only to the attached form. As long as my spouse allows this form to remain in force, I hereby waive any and all claim to benefits that I may have under applicable law solely because of my status as the spouse of an employee. Prior to
my spouse’s death, I retain the right to revoke this consent at any time by delivering a written revocation notice to the Company’s Human Resources Manager. Upon my spouse’s death, my consent shall become irrevocable. 

 

			
	  

	Signature of Spouse
	
	 Sworn to before me this
      day of                  , 200    

	
	  

	Notary Public


			
	County of	 	  

	State of	 	  









 On March 6, 2008, the Board of Directors of DigitalGlobe, Inc. amended Section 6(h)(i) of the 2007 Employee
Stock Option Plan to provide as follows: 
 “(i) Termination other than Upon Disability or Death or for Cause. In
the event of termination of a Participant’s Continuous Service (other than as a result of Participant’s death, disability, or termination for Cause), the Participant shall have the right to exercise an Option at any time within three
months following such termination (or such earlier date on which the Option expires) to the extent the Participant was entitled to exercise such Option at the date of such termination.”