Document:

exv10w15

 

Exhibit 10.15

August 21, 2006

Marc Tremblay

18 Stephen Lane,

Dedham, MA 02026

Dear Marc:

We are pleased to offer you the regular, full-time position of Vice President, General Manager,
Commercial Business Unit with DigitalGlobe, Inc. Below are the terms of this offer letter.

	1.	 	Term of Employment. Your employment with the Company shall commence on July 17th, 2006.
Employment with DigitalGlobe, Inc. is “at-will”. As an At-Will employee your employment with
DigitalGlobe, Inc. shall continue until either you or the Company gives the other written
notice of termination of employment. Employment can be terminated by yourself or by
DigitalGlobe, Inc. at any time for any reason, with or without cause, with or without notice.
	 
	 	 	Your employment pursuant to this offer is contingent upon your execution the Company’s
Proprietary Information and Inventions Agreement and upon you providing DigitalGlobe, Inc.
with the legally required proof of your identity and authorization to work in the United
States.
	 
	2.	 	Nature of Duties. You will be the Company’s Vice President, General Manager, Commercial
Business Unit. As such, you will have all of the customary powers and duties associated with
that position. You will report to the Company’s Chief Executive Officer. This position is
based in Boston, MA, except for required travel on Company business.
	 
	 	 	You agree to devote substantially all of your business time, energy, attention and skill to
the services of the Company and to the promotion of its interests. So long as you are
employed by the Company, you agree that you will not, without the advance written consent of
the Board:

	 	a.	 	engage in any other activity for compensation, profit or other pecuniary
advantage, whether received during or after your employment with the Company; render or
perform services of a business, professional, or commercial nature other than to or for
the Company, either alone or as an employee, consultant, director, officer, or partner
of another business entity, whether or not for compensation, and whether or not such
activity, occupation or endeavor or investment is similar to, competitive with, or
adverse to the business (actual or potential) or welfare of the Company; except that
you may remain an Advisory Board member of American Innovative; or

 

 

	 	b.	 	invest in or become a shareholder of another corporation or other entity;
provided that your investment solely as a shareholder in another corporation
shall not be prohibited so long as such investment is not in excess of one percent (1%)
of any class of shares that are traded on a national securities exchange, if such
activity is not in conflict with my ability to properly serve the Company.

	3.	 	Compensation and Related Matters.

	 	a.	 	Base Salary. The Company will pay you a base salary of $9,615.38 bi-weekly
which is an annual rate of $250,000. The Board may, in its sole discretion, adjust the
Base Salary from time to time based upon performance, the financial condition of the
Company, prevailing industry salary levels and such other factors as the Board
determines appropriate. Your base salary will be paid in conformity with the Company’s
salary payment practices generally applicable to the Company’s other senior executives.
	 
	 	b.	 	Bonuses. For calendar year 2006, you will be eligible to participate in the
DigitalGlobe 2006 executive incentive compensation (“bonus”) plan. The target bonus at
100% of EBITDA achievement is equal to 25% of your annual base salary paid in cash and
25% of your annual base salary paid in stock options. For 2006, your bonus will be
pro-rated based upon your start date. We will guarantee a minimum bonus payment
equivalent to the pro-rated portion of your target bonus for 2006, and agree to pay you
an additional $25,000 at the time the 2006 bonus is payable in accordance with the
Bonus plan. After 2006, you will have the opportunity to earn annual bonuses based
upon performance criteria determined by the Board in its sole discretion.
	 
	 	c.	 	Stock Options. The Company shall grant you an option to purchase 400,000
shares of common stock of the Company (Option) at a strike price of $2.50 per share
pursuant to the Earthwatch Incorporated 1999 Equity Incentive Plan (Equity Plan). 25%
of the Option shall vest immediately on grant. Another 25% of the Option shall vest on
(but not prior to) the first anniversary of the date of grant. The remaining 50% of
the Option shall vest in 24 equal increments, on each monthly anniversary of the date
of grant, commencing with the thirteen month anniversary of the date of grant. The
foregoing vesting of the Option is subject to my continued employment with the Company
through the applicable vesting dates. All other terms and conditions of the Option
will be subject to and governed by the terms and provisions of the Equity Plan and any
associated grant documents.
	 
	 	d.	 	Sale Bonus Plan. You will be eligible to participate in the DigitalGlobe Sale
Bonus Plan [at %] [at the same percentage at which other executives with equivalent
titles or positions participate].
	 
	 	e.	 	Standard Benefits. The Company shall provide you with four weeks of paid
vacation, according to our PTO policy, each year, which shall accrue ratably (6.15
hours every two weeks). The Company’s regular policies with respect to caps on
accruals apply. You will be entitled to participate in all employee benefit plans

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	 	 	 	that are available from time to time to executives of the Company generally, except
to the extent such participation in any plan would, in the opinion of the Company,
alter the intended tax treatment of such plan. You acknowledge and agree that the
Company may in its discretion terminate at any time or modify from time to time any
of its employee benefit plans, including the Equity Plan and the Sale Bonus Plan.

	 	f.	 	Expenses. You will be entitled to receive reimbursement for reasonable
business expenses actually incurred or paid by you, consistent with the policies of the
Company, in rendering to the Company the services provided for in this offer letter,
upon presentation of receipts, expense statements or such other supporting information
as is consistent with the policies of the Company. You will be subject to the
Company’s travel policy as applicable to Company executives.
	 
	 	g.	 	Termination. Please see Severance Agreement, attached, for details related to
your termination of employment.
	 
	 	h.	 	Notice.

	 	a.	 	To the Company. I will send all communications to the Company
in writing, addressed as follows (or in any other manner the Company notifies
you to use):

	 	 	 
	If mailed:
	 	DigitalGlobe, Inc.
	 
	 	Attn: General Counsel
	 
	 	1601 Dry Creek Drive
	 
	 	Longmont, Colorado 80305
	 
	If faxed:
	 	303 684 4048

	 	b.	 	To Me. All communications from the Company to me relating to
this offer letter must be sent to me in writing at my Company office or in any
other manner you notify the Company to use.
	 
	 	c.	 	Time Notice Deemed Given. Notice shall be deemed to have been
given when delivered or, if earlier (i) when mailed by United States certified
or registered mail, return receipt requested, postage prepaid, or (ii) faxed
with confirmation of delivery, in either case, addressed as required in this
section.

	 	i.	 	Amendment. No provisions of this offer letter may be modified, waived, or
discharged except by a written document signed by a duly authorized Company officer and
you. A waiver of any conditions or provisions of this offer letter in a given instance
shall not be deemed a waiver of such conditions or provisions at any other time.

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	 	j.	 	Interpretation. The validity, interpretation, construction, and performance of
these terms shall be governed by the laws of the State of Colorado (excluding any that
mandate the use of another jurisdiction’s laws).
	 
	 	k.	 	Successors. These terms shall be binding upon, and shall inure to the benefit
of, you and your estate, but you may not assign or pledge these terms or any rights
arising under it, except to the extent permitted under the terms of the benefit plans
in which you participate. Without your consent, the Company may assign this letter to
any affiliate or successor that agrees in writing to be bound by this letter, after
which any reference to the “Company” in this letter shall be deemed to be a reference
to the affiliate or successor; however my obligations under this letter to
DigitalGlobe, Inc. shall not be diminished.
	 
	 	1.	 	Validity. The invalidity or unenforceability of any provision of this letter
shall not affect the validity or enforceability of any other provision of this letter,
which shall remain in full force and effect.
	 
	 	m.	 	Entire Agreement. All oral or written agreements or representations express or
implied, with respect to the subject matter of this letter are set forth in this letter
and the Proprietary Information and Inventions Agreement dated as of even date
herewith.

	 	 	 	 	 
	DIGITALGLOBE, INC. 	 	 
	 
	Date:  7/20/06 	By:  	/s/ Jill Smith
 	 
	 	 	Name:  	Jill Smith 	 
	 	 	Title:  	President and CEO 	 
	 
	 	 	 
	Date:  6/20/06 	/s/ Marc Tremblay
 	 
	 	Marc Tremblay 	 
	 	 	 
	 

4exv10w16

 

Exhibit 10.16

SEVERANCE AGREEMENT

DigitalGlobe, Inc. (Company) and I, Marc Tremblay, agree to the following Severance Agreement
(Agreement) as of July 17th, 2006.

          1. Termination.

          (a) Rights and Duties. If my employment is terminated, I shall be paid the amounts or
benefits shown in the applicable row in the following table within 65 days of the date of
employment termination (Termination Date) or at the time specified herein, subject to the balance
of this Section 1. The Company and I shall have no further obligations to each other, except my
covenants and obligations under Sections 1 and 2 and my confidentiality, etc. obligations under
the Letter Agreement (Letter Agreement) and the Proprietary Information and Inventions Agreement I
entered into with the Company (PIIA), each dated as of July 17th, 2006 or any agreement
I subsequently enter into with the Company:

	 	 	 
	DISCHARGE OTHER 

THAN FOR CAUSE OR 

DISABILITY

	 	Prompt payment of (1) any unpaid base salary, expense
reimbursements, or vacation days accrued, but unused,
prior to termination of employment, and (2) other unpaid
vested amounts when due to me under Company compensation
and benefit plans.
I will also be entitled to: (1) continued payment of my
base salary then in effect, payable in installments in
accordance with the Company’s regular payroll policies,
and (2) continuation of my health care coverage then in
effect (Additional Benefits); in each case, for the period
beginning on the Termination Date and ending nine months
thereafter (Severance Period).
	 
	 	 
	RESIGNATION FOR 

GOOD REASON

	 	Same as for “Discharge Other Than for Cause or Disability.”
	 
	 	 
	DISCHARGE FOR CAUSE

	 	Prompt payment of (1) any unpaid base salary, expense
reimbursements, or vacation days accrued, but unused,
prior to termination of employment, and (2) other unpaid
vested amounts when due to me under Company compensation
and benefit plans.
	 
	 	 
	DISABILITY

	 	Same as for “Discharge for Cause.” In addition, I shall be
eligible for disability benefits under any
company-provided disability plan in which I then
participate in accordance with such plan’s terms and
conditions.
	 
	 	 
	DEATH

	 	Same as for “Discharge for Cause”, except that payments
shall be made to the person or entity I designate before
my death, or as provided by law if I do not designate any beneficiary.

 

 

          (b) Discharge Other Than for Cause or Disability. The Company may terminate my employment at
any time for any reason, and without advance notice. If I am terminated by the Company other than
for Cause or Disability, I will receive the severance benefits provided for a
non-Cause/non-Disability discharge under Section 1(a); provided, (execute and do not
revoke) a general release and waiver (Release) in a form provided by the Company and within the
time prescribed by the Company. I understand that the Release will contain language providing that
I shall not receive severance benefits and that I will lose any right I otherwise might have had to
such severance benefits if I compete with the Company during the Severance Period.

          (c) Resignation for Good Reason. I may resign after giving the Company at least 30 days’
advance written notice. If I resign for Good Reason during the Severance Period, my employment
will end on my last day of work and I will receive the severance benefits to which I am entitled
under Section 1(a); provided, I execute a Release in a form provided by the Company and
within the time prescribed by the Company. I understand that the Release will contain language
providing that I shall not receive severance benefits and that I will lose any right I otherwise
might have had to such severance benefits if I compete with the Company during the Severance
Period. “Good Reason” means that, without my express written consent, one or more of the following
events occurred after my execution of this Agreement; provided that I shall have given the
Company notice of the event or events constituting Good Reason and the Company shall have failed to
cure such event or events within 30 business days after receipt of such notice:

               (i) Pay Cut. My annual base salary is substantially reduced (compared to the base salary then
in effect immediately prior to such reduction), except that my base salary may be reduced in
connection with similar reductions uniformly applied with respect to the Company’s other senior
executives;

               (ii) Breach of Promise. The Company materially breaches this Agreement; or

               (iii) Relocation. I am relocated to a location outside of a 50 mile radius of the location of
the Company’s initial Boston Area office without my consent.

          (d) Discharge for Cause. The Company may terminate my employment at any time if the Company
believes in good faith that it has Cause to terminate my employment. “Cause” is defined as:

2

 

               (i) my refusal to follow the Company’s lawful directions or my material failure to perform my
duties associated with my position or title with the Company (other than by reason of physical or
mental illness, injury, or condition);

               (ii) any act of gross negligence or gross misconduct by me with respect to my duties
associated with my position or title with the Company, any material violation of the Company’s Code
of Conduct then in effect, or any act by me that materially injures the reputation, business, or
business relationship of the Company;

               (iii) my conviction (including plea of nolo contendere) of any crime involving fraud,
dishonesty or moral turpitude or any felony; or

               (iv) any act by me that constitutes a material breach of my obligations under this Agreement
or any other agreement between the Company and me.

          (e) Termination for Disability. Except as prohibited by applicable law, the Company may
terminate my employment on account of Disability, or may transfer me to inactive employment status,
which shall have the same effect under this Agreement as a termination for Disability.
“Disability” means a physical or mental illness, injury, or condition that prevents me from
performing substantially all of my duties associated with my position or title with the Company for
at least 90 days in a 12-month period.

          (f) Death. If I die while employed under this Agreement, the payments required by Section
1(a) in the event of my death shall be made.

          (g) Transfer to a Company Affiliate. My transfer to a Company parent, subsidiary or affiliate
(Group) shall not be deemed a termination of my employment under this Agreement if it assumes this
Agreement.

          (h) Notwithstanding anything in the foregoing, I will not be entitled to receive the
Additional Benefits outlined in this Agreement in the event of a termination of my employment upon
a Change of Control, in connection with which a Distribution is made to me under the Company’s Sale
Bonus Plan, adopted June ___, 2004 (the “Sales Bonus Plan”). Capitalized terms used but not
defined herein have the meaning set forth in the Sale Bonus Plan.

               2. Non-Compete; Confidentiality; Non-Solicit.

               (a) I promise that, during the Severance Period, I will not compete with the Company (or any
member of the Group) or interfere with, disrupt or attempt to disrupt any of the Company’s or the
Group’s relationships, contractual or otherwise with any customer, client,

3

 

supplier or consultant. For purposes of this Agreement, prohibited competition shall include
becoming an employee, officer, consultant or director of, or being an investor in, any entity or
person engaged in a business that competes with all or some material portion of any of the
businesses then engaged in by the Company (or any member of the Group), provided, however, that
passive investments by me amounting to less then two percent of the voting equity and the value of
a business shall not be prohibited hereby.

               (b) I promise that, during the Severance Period and for 12 months thereafter: (i) As to any
customer or supplier of the Company with whom I had dealings or about whom I acquired proprietary
information during my employment, I will not solicit or attempt to solicit (or assist others to
solicit) the customer or supplier to do business with any person or entity other than the Company;
and (ii) I will not solicit or attempt to solicit (or assist others to solicit) for employment any
person who is, or within the preceding 6 months was, an officer, manager, employee, or consultant
of the Company.

               (c) I, without prior written consent of the Board, shall not disclose the contents of this
Agreement to anyone inside or outside the Company except to the extent required by an order of a
court having jurisdiction or under subpoena from an appropriate government agency, in which event I
shall consult with the Company’s General Counsel within 1 business day of receiving any such order
or subpoena.

               (d) I acknowledge that I have acquired and will acquire proprietary information and trade
secrets concerning the operations, future plans, or business methods of the Company or Company
group members and I am a high-ranking Company executive. I acknowledge that the promises I have
made in this agreement are appropriate and necessary to protect the Company’s interests.

               (e) I understand and agree that this agreement is made to align my interests with those of the
Company and that if I were to breach any promise that I made in this Agreement, our interests would
cease to be aligned and that I would no longer be entitled to any payments under this Agreement. I
understand that the cessation of payments under this Agreement is not intended to compensate the
Company for any breach of this Agreement and that, in any event, such cessation would be wholly
inadequate to compensate the Company for its actual damages.

               3. Injunctive Relief with Respect to Covenants. I acknowledge and agree that the covenants,
obligations and agreements contained in Section 2 relate to special, unique and extraordinary
matters and that a violation of any of the terms of such covenants, obligations or agreements will
cause the Company irreparable injury for which adequate remedies are not available at law.
Therefore, I agree that the Company shall be entitled to an injunction, restraining order or such
other equitable relief (without the requirement to post bond) as a court of competent jurisdiction
may deem necessary or appropriate to restrain me from committing any violation of such covenants,
obligations or agreements. These injunctive remedies are

4

 

cumulative and in addition to any other rights and remedies the Company may have. All
disputes not relating to any request or application for injunctive relief in accordance with
Section 3 shall be resolved by arbitration in accordance with Section 4.

               4. Arbitration of Disputes.

               (a) Arbitrable Disputes. The Company and I agree to resolve any claims we may have with each
other (except for class or collective actions and except, if either or the Company so elects, any
dispute for which injunctive relief is a principal remedy) through final and binding arbitration in
accordance with this section. This arbitration requirement applies to, among other things,
disputes about the validity, interpretation, or effect of this Agreement or alleged violations of
it or statutory violation claims.

               (b) The Arbitration. Except as otherwise provided in any other enforceable arbitration
agreement between me and the Company, the arbitration shall be in accordance with the then-current
arbitration rules and procedures for employment disputes governing arbitrations administered by the
Judicial Arbitration and Mediation Service (JAMS), except as provided in this section. Arbitration
shall take place in Colorado (or the state in which I was last employed by the Company) before an
experienced employment arbitrator licensed to practice law in that state who has been selected in
accordance with subsection (c). The arbitrator may not modify or change this Agreement in any way.
I and the Company agree to submit to personal jurisdiction in the relevant state described above
for such arbitration and in any jurisdiction necessary for the enforcement of any arbitration
award. I represent that that state is a convenient dispute resolution location for me.

               (c) Selection of the Arbitrator. The arbitrator shall be selected as follows: JAMS shall give
each party a list of 11 arbitrators drawn from its panel of employment dispute arbitrators. Each
party may strike all names on the list it deems unacceptable. If only one common name remains on
the lists of both parties, that individual shall be designated as the arbitrator. If more than one
common name remains on the lists of both parties, the parties shall strike names alternately from
the list of common names until only one remains. The party who did not initiate the claim shall
strike first. If no common name exists on the lists of both parties, JAMS shall furnish an
additional list and the process shall be repeated. If no arbitrator has been selected after two
lists have been distributed, then the parties shall strike alternately from a third list, with the
party initiating the claim striking first, until only one name remains. That person shall be
designated as the arbitrator. Striking decisions must be made and communicated to the other party
and JAMS within 10 calendar days after the date of the transmittal communication relaying the
arbitrators remaining for selection. In the event a party does not make a timely strike, the other
party may select the arbitrator from the names remaining.

               (d) Fees and Expenses. Each party shall pay the fees of his or her attorneys, the expenses of
his or her witnesses, and any other expenses that party incurs in connection with the arbitration,
but all costs of the arbitration itself, including the fees of the arbitrator, the cost of

5

 

any record or transcript of the arbitration, administrative fees, and other fees and costs
shall be paid equally by the Company and me. At my written request and on a showing of substantial
hardship, the Company shall advance all or a portion of my share of those arbitration costs to the
extent they would exceed the out-of-pocket costs I would have incurred in a lawsuit. Except as
prohibited by applicable law, the party losing the arbitration shall reimburse the party who
prevailed for all attorneys’ fees and expenses the prevailing party paid pursuant to this
subsection (d).

               (e) Exclusive Remedy. Arbitration in this manner shall be the exclusive remedy for any claim
that must be arbitrated pursuant to this section. Should I or the Company attempt to resolve such
a claim by any method other than arbitration pursuant to this section, the responding party will be
entitled to recover from the initiating party all damages, expenses, and attorneys’ fees incurred
as a result of that breach.

               5. Notice.

               (a) To the Company. I will send all communications to the Company in writing, addressed as
follows (or in any other manner the Company notifies me to use):

	 	 	 
	If mailed:

	 	DigitalGlobe, Inc.
	 

	 	Attn: General Counsel
	 

	 	1601 Dry Creek Drive #260
	 

	 	Longmont, Colorado 80305
	 
	 	 
	If faxed:

	 	303 684 4048

          (b) To Me. All communications from the Company to me relating to this Agreement must be sent
to me in writing at my Company office or in any other manner I notify the Company to use.

          (c) Time Notice Deemed Given. Notice shall be deemed to have been given when delivered or, if
earlier (i) when mailed by United States certified or registered mail, return receipt requested,
postage prepaid, or (ii) faxed with confirmation of delivery, in either case, addressed as required
in this section.

          6. Amendment. No provisions of this Agreement may be modified, waived, or discharged except
by a written document signed by a duly authorized Company officer and me. A waiver of any
conditions or provisions of this Agreement in a given instance shall not be deemed a waiver of such
conditions or provisions at any other time.

6

 

          7. Interpretation. The validity, interpretation, construction, and performance of this
Agreement shall be governed by the laws of the State of Colorado (excluding any that mandate the
use of another jurisdiction’s laws).

          8. Successors. This Agreement shall be binding upon, and shall inure to the benefit of, me
and my estate, but I may not assign or pledge this Agreement or any rights arising under it.
Without my consent, the Company may assign this Agreement to any affiliate or successor that agrees
in writing to be bound by this Agreement, after which any reference to the “Company” in this
Agreement shall be deemed to be a reference to the affiliate or successor; however my obligations
under this Agreement to the Company shall not be diminished.

          9. Severability. In the event that any one or more of the provisions (or portion thereof) of
this Agreement shall be or become invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained herein shall not be affected
thereby. In addition, if any covenant or obligation is for any reason held by a court to be
excessively broad as to duration, geographical scope, activity, subject matter or otherwise, then
such provision will be construed or judicially modified so as to thereafter be limited or reduced
to the extent required to be enforceable in accordance with applicable law; it being understood and
agreed that the parties hereto regard such restrictions as reasonable and compatible with their
respective rights.

          10. Counterparts. This Agreement may be executed in one or more counterparts, each of which
shall be deemed to be an original but all of which together shall constitute the same instrument.

          11. Entire Agreement. All oral or written agreements or representations, express or implied,
with respect to the subject matter of this Agreement are set forth in this Agreement, the PIIA, and
the Letter Agreement.

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THE PARTIES ACKNOWLEDGE THAT ALL UNDERSTANDINGS AND AGREEMENTS BETWEEN THEM RELATING TO THE
SUBJECTS COVERED IN THIS AGREEMENT ARE CONTAINED IN IT OR BY THE DOCUMENTS SPECIFICALLY REFERENCED
BY THIS AGREEMENT AND THAT THEY HAVE ENTERED INTO THIS AGREEMENT VOLUNTARILY AND NOT IN RELIANCE ON
ANY PROMISES OR REPRESENTATIONS BY THE OTHER IN ADDITION TO THOSE CONTAINED IN THIS AGREEMENT
ITSELF.

	 	 	 	 	 
	 	DIGITALGLOBE, INC.

 	 
	 	By:  	/s/ Jill Smith
 	 
	 	 	Name:  	Jill Smith 	 
	 	 	Title:  	Chief Executive Officer
 	 
	 	 	Date:  	 	 
	 
	 	EXECUTIVE

 	 
	 	By:  	Marc Tremblay
 	 
	 	 	Name:  	Marc Tremblay 	 
	 	 	Title:  	GM, Commercial Business Unit 	 
	 	 	Date:  	  6/20/06 	 

8

 

	 	 	 	 	 

DigitalGlobe, Inc.

2007 SUCCESS SHARING PLAN

PART I. PLAN DESCRIPTION

	A.	 	THE PLAN

1) Purpose and Objectives. This document sets forth the DigitalGlobe, Inc. 2007
Success Sharing Plan (the “Plan”) for eligible, non-commissionable Directors, Senior
Directors, and Vice Presidents. A key component of business strategy of DigitalGlobe, Inc.
(the “Company”) is to provide incentives to attract and retain outstanding employees. The
Plan is designed to recognize overall company success, departmental and team contributions,
as well as to reward individual contributions. By paying competitive base salaries and
providing the opportunity for an additional incentive bonus, the Company targets total cash
compensation that is aggressive relative to the market.

2) Participant Eligibility. An employee shall be eligible to participate in this
Plan (and thus be a “Participant”) if the Company classifies the individual as (i) having
been employed with the Company on or before October 1, 2007 as a full-time
non-commissionable Director, Senior Director, or Vice President of the Company; (ii)
employed by the Company on the bonus payment date and as not having given notice of intent
to terminate employment (any employee who terminates employment with the Company or provides
notice of intent to do so before bonus payments are made is not eligible to receive a
bonus); and (iii) having been notified by the Company in writing of his or her participation
in the Plan.

(a) Employees Hired Or Promoted During 2007 Plan Year. Employees who are
hired, or promoted to a Plan-eligible position, after January 1, 2007 and who are
selected for Plan participation by the Company will be eligible for a prorated
bonus, prorated for the duration of their Plan participation during 2007. Employees
hired or promoted to an otherwise Plan-eligible position after October 1, 2007 are
not eligible to participate in the Plan.

(b) Change in Employment Status. In certain situations, employment status
may change mid-year from an otherwise eligible position to a non-eligible position
(such as a transition from full-time to part-time, change in employment
classification, leaves of absence, etc.). Under these circumstances, the employee
may continue to be eligible for a prorated bonus, prorated for the period of their
Plan participation during 2007. The Company, however, at its sole discretion, may
elect to not permit continued participation in the Plan for such employee and,
consequently, he or she may not be entitled to any bonus under the Plan.

3) Participant Ineligibility. No employee shall be eligible to receive a bonus
under the Plan if (i) he or she is not employed in good standing by the Company on the bonus

9

 

payment date; (ii) he or she has competed with the Company’s business during employment with
the Company or made plans to do so; or (iii) he or she has breached any agreement with the
Company or any Company policy.

4) Plan Termination or Amendment. The Plan will be in effect from January 1, 2007
through December 31, 2007, or such earlier date as the Plan is terminated. No additional
notice of Plan termination is necessary. However, the Company reserves the right to
implement a new incentive bonus plan or renew this Plan for future periods. Any such action
shall be in writing and signed by the Company’s Compensation Committee or the Board of
Directors. The Company reserves the right to amend or discontinue this Plan at any time.
The Plan may only be amended in writing by the Company’s Compensation Committee or the Board
of Directors. Participation in this Plan is not a guarantee of participation in future
Company incentive plans.

5) Scope. To ensure that our management teams are focused on common goals, all
Participants are on the same basic plan.

	B.	 	BONUSES

	 	 	 	 	 	 	 	 	 	 	 
	Participant Classification	 	Bonus Milestones	 	Total Cash	 	Total Options
	Directors and Senior Directors
	 	FOC Bonus 1)	 	 	0	%	 	 	7.5	%
	 
	 	EBITDA Bonus Achievement @ 100% 2)	 	 	15	%	 	 	7.5	%
	Vice Presidents and above
	 	FOC Bonus 1)	 	 	0	%	 	 	12.5	%
	 
	 	EBITDA Bonus Achievement @ 100% 2)	 	 	25	%	 	 	12.5	%

1) FOC Bonus. In the event that the Company’s WV-1 satellite reaches Full
Operational Capability (“FOC”) on or before October 31, 2007, as determined by the Company
in its sole discretion, each Participant will be eligible to receive a FOC Bonus (“FOC
Bonus”) in the form of stock options with a Black-Scholes value (as determined by the
Company in its sole discretion) as of the date of grant equivalent to the target percentage
of the Participant’s Base Salary, subject to pro ration, as described above. In the event
the launch is delayed for reasons outside the Company’s control but occurs in 2007, then the
FOC Bonus will be payable as set forth herein if FOC is achieved within 60 days of launch of
the WV-1 satellite, as determined by the Company in its sole discretion.

2) EBITDA Bonus. In addition to the FOC Bonus payable in connection with the WV-1
satellite reaching FOC set forth in 1), an EBITDA Bonus (“EBITDA Bonus”) will be payable if
the Company reaches certain EBITDA targets in 2007. The target EBITDA bonus (“Target EBITDA
Bonus”) for each Participant classification is set forth below and is based on a 2007
Company EBITDA target of $54.25 million (“Target EBITDA”).1

 

			
	1	 	“The original EBITDA target of $55.2 million is reduced
by $950,000 to reflect the change in accounting for certain overhead costs
associated with WV1 activities that resulted in a reclassification of those
costs from Capital Expenditures to Operating Expense.”

10

 

The actual amount of a Participant’s Bonus based on EBITDA, if any, will be calculated as described
below.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	% of TARGET EBITDA	 	Less than 90% of	 	At 90% of Targeted	 	100% of Targeted	 	At 140% of Targeted
	ACHIEVED	 	Targeted EBITDA	 	EBITDA	 	EBITDA	 	EBITDA
	EBITDA (in millions)
	 	Less than $48.73	 	$	48.73	 	 	$	54.25	 	 	$	76.33	 
	EBITDA Bonus
	 	 	0	%	 	 	50	%	 	 	100	%	 	Maximum bonus
	(as a percentage of
	 	 	 	 	 	 	 	 	 	 	 	 	 	of 200%
	the Target EBITDA
Bonus)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Calculation. If the Company achieves between 90% and 100% of Target EBITDA,
every 1% increase in EBITDA achievement will increase the EBITDA Bonus payable by
5%. For example, if the Company achieves 93% of Target EBITDA, the EBITDA Bonus
payable would be 65% of the Target EBITDA Bonus. If the Company achieves between
100% and 140% of the Target EBITDA, every 1% increase in achievement will increase
the EBITDA Bonus payable by 2.5%. For example, if the Company achieves 115% of the
Target EBITDA, the EBITDA Bonus payable would be 137.5% of the Target EBITDA Bonus.
The maximum total EBITDA Bonus payable under this Plan is 200% of the Target EBITDA
Bonus (Cash and Stock Options), payable upon achievement of 140% of the EBITDA
Target (i.e., $125,000 in cash and an EBITDA Bonus stock option with a Black-Scholes
value of $62,500 in the event of a base salary of $250,000).

3) Bonus Payment. Any Bonus will be paid as described above no later than March 15,
2008. For the 2007 Plan Year, the stock option components of the Bonus will be paid as
follows:

(a) The Bonus stock options will vest 50% upon grant with the remaining options
vesting in 24 equal monthly installments thereafter, subject to the Participant’s
continued employment with the Company.

(b) The strike price will be the per share fair market value of company common stock
at the time of the option grant as determined by the Company in its sole discretion.

(c) The Bonus stock options will be granted pursuant to the Company’s 2007 Employee
Stock Option Plan and subject in all respects to the terms and conditions of such
plan and related documents.

4) Definitions.

(a) “Base Salary” means an employee’s straight time rate of pay, calculated
on an annual basis, in effect on the date the employee’s Plan participation
commences as determined by the Company in its sole discretion. Base Salary does not
include pay for commissions, overtime, shift differential, or any other premiums,
bonuses, or incentive compensation or expense reimbursements, etc.

11

 

(b) “Bonus” means the actual amount to be paid to a Participant under the
terms of this Plan, which may include the FOC Bonus and the EBITDA Bonus.

(c) “EBITDA” means (a) consolidated Net Income of the Company for calendar
year 2007 minus, (b) to the extent added to determine such consolidated Net Income,
the sum of (1) non-cash revenue representing amortization of pre-FOC payments made
to DG by NGA for the construction of WV-1, (2) interest income, and (3) any
extraordinary or unusual gains or other gains not incurred in the ordinary course of
business, in each case determined by the Company in its sole discretion plus, (c) to
the extent deducted to determine such consolidated Net Income, the sum of (1)
depreciation expense, (2) interest expense, (3) amortization expense, (4) tax
expense, and (5) any extraordinary or unusual losses or other losses not incurred in
the ordinary course of business in each case determined by the Company in its sole
discretion.

(d) “Net Income” means the consolidated Net Income of the Company and its
subsidiaries for calendar year 2007 as determined by the Company in accordance with
Generally Accepted Accounting Principles.

PART II. MISCELLANEOUS

	A.	 	PLAN ADMINISTRATION
	 
	 	 	The Company is responsible for the general administration and management of the Plan and
shall have all powers and duties necessary to fulfill its responsibilities including, but
not limited to, the discretion to interpret and apply the Plan and to determine all
questions relating to eligibility for benefits. The Company and its delegates shall have
the discretion to interpret or construe ambiguous, unclear, or implied (but omitted) terms
in any fashion they deem to be appropriate in their sole and absolute discretion, and to
make any findings of fact needed in the administration of the Plan. 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 arbitrary or capricious.
	 
	B.	 	DRAFTING ERRORS
	 
	 	 	If, due to errors in drafting, any Plan provision does not accurately reflect its intended
meaning, as demonstrated by consistent interpretations or other evidence of intent, or as
determined by the Company in its sole and absolute discretion, the provision shall be
considered ambiguous and shall be interpreted by the Company and its delegates in a fashion
consistent with its intent, as determined in the Company’s sole and absolute discretion.

12

 

	C.	 	ENTIRE STATEMENT
	 
	 	 	The Plan, including all documentation referred to herein, is a complete and exclusive
statement of the agreement between the parties relating to this subject matter. This Plan
supersedes all prior communications, oral or written, concerning this subject matter. Any
provision of the Plan that is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability
without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction.
	 
	D.	 	NO EMPLOYMENT AGREEMENT
	 
	 	 	This Plan is not to be construed as an employment agreement and in no way limits the right
of the Company to terminate the employment of any Participant at any time, with or without
cause. Each Participant’s employment with the Company is, and continues to be, “at-will”
with either party having the right to terminate the employment relationship at any time,
with or without cause or advance notice. By Participating in the Plan, each Participant
acknowledges his or her at-will employment status and that such at-will status only may be
changed by a written document signed by the Participant and the Company’s CEO. Except to
the extent governed by federal law, the Plan is governed by the laws of the State of
Colorado, excluding choice of law principles.
	 
	E.	 	ISSUE RESOLUTION
	 
	 	 	In the event that there is a dispute between the Company and a Participant over any
compensation alleged to be due including, but not limited to, disputes concerning the
Participant’s Bonus, the Participant must immediately bring such dispute to the attention of
the Vice President, Human Resources. The Participant and the Vice President, Human
Resources shall use their commercially reasonable efforts to resolve any such dispute on an
informal basis. In the event that such dispute cannot be resolved on an informal basis, the
Participant must arbitrate any controversy or claim in accordance with the Dispute
Resolution Agreement, a copy of which is attached as Appendix A, which the Participant must
sign as a precondition to Plan participation.
	 
	F.	 	TAX WITHHOLDINGS
	 
	 	 	The Company may withhold from any payments made under this Plan all applicable taxes and
other withholdings including, but not limited to, Federal, state and local income,
employment and social insurance taxes, as it determines are required or permitted by law.
All amounts paid to Participants under this Plan will be treated as compensation, and each
Participant agrees to such treatment by accepting a payment under the Plan. The Company
cannot guarantee the tax treatment of any payments under the Plan and each Participant
agrees that he or she, and not the Company, shall be liable for any excise taxes, penalties,
or interest imposed on the Participant.

13

 

	G.	 	SOURCE OF PLAN ASSETS
	 
	 	 	The Plan shall be unfunded. Payments under the Plan shall be made from the general assets
of the Company. To the extent any Participants have any right to payments under the Plan,
such Participants shall be general unsecured creditors of the Company. No Participant shall
have any right, title, claim or interest in or with respect to any specific assets of the
Company or any of its affiliates in connection with the Participant’s participation in the
Plan.
	 
	H.	 	PARTICIPANT WARRANTIES
	 
	 	 	By participating and receiving the benefits of the Plan, each Participant acknowledges and
agrees that: (i) the Participant has read and understood the terms and conditions specified
in the Plan; (ii) the terms and conditions specified in the Plan are fair and reasonable;
(iii) neither the Company nor any person acting on its behalf has made any representation or
other inducement to the Participant to enter into the Plan, except for the representations
or inducements expressly set out in the Plan; (iv) the Participant has not entered into the
Plan in reliance on any representation or inducement by or on behalf of the Company (nor any
person acting on its behalf) or any other party, other than representations or inducements
expressly set out in the Plan; and (v) no person, other than the Company’s Compensation
Committee or the Board of Directors, has the authority to interpret this Plan and the
Participant shall not rely on any interpretation, representation or inducement by or on
behalf of the Company unless it is in writing and signed by a member of the Company’s
Compensation Committee or the Board of Directors.

DigitalGlobe, Inc. 2007 Success Sharing Plan

Participant Acknowledgement

The following Participant has reviewed a copy of the DigitalGlobe, Inc. 2007 Success Sharing Plan
and hereby acknowledges and agrees to its terms, which are incorporated by reference as though
fully set forth herein.

	 	 	 	 	 
	 	 	 
	Date:  Aug 14, 2007 	Signature: 
	/s/ Marc Tremblay
	 
	 	Name:  	MARC TREMBLAY 	 
	 	 	 

14

 

APPENDIX A

DISPUTE RESOLUTION AGREEMENT

DigitalGlobe, Inc. (the “Company”) and I expect to treat each other in a professional manner. By
doing so, we believe that we will be able to resolve any disagreement by sitting down and
discussing the matter, respectfully listening to the other side’s concerns, and working together to
find a solution to the problem. In the event that we fail to resolve any legally actionable
dispute through this method, we understand that litigation is a costly and time-consuming process,
and agree that we will exclusively resolve that dispute by binding arbitration. We understand that
this agreement to arbitrate covers all disputes that the Company may have against me, or that I
might have against the Company or its related entities or employees, including those that relate to
my employment or termination of employment (for example claims of unlawful discrimination or
harassment) or any compensation or bonus plans.

The arbitration will be conducted by an impartial arbitrator experienced in employment law
(mutually selected from either the JAMS panel of arbitrators) in accordance with JAMS then-current
employment arbitration rules (except as otherwise provided in this agreement). We waive the right
to institute a court action, except for requests for injunctive relief pending arbitration, and
understand that we are giving up our right to a jury trial. The arbitrator’s award and opinion
shall be in writing and in the form typically rendered in labor and employment arbitrations.

To the extent permitted by applicable law, the fees and costs of the arbitrator shall be shared
equally. If not permitted by applicable law, the Company shall pay the fees and costs of the
arbitrator. Each of us shall be responsible for our own attorneys’ fees and costs; however, the
arbitrator may award attorneys’ fees and arbitrator’s fees to the prevailing party, if permitted by
applicable law. This arbitration agreement does not prohibit either of us from filing a claim with
an administrative agency (e.g., the EEOC), nor does it apply to claims for workers’ compensation or
unemployment benefits, or claims for benefits under an employee welfare or pension plan that
specifies a different dispute resolution procedure. The arbitration shall take place in the city
in which I was last employed, unless we agree otherwise. This agreement can only be changed or
modified by a written agreement signed by both parties and shall continue in existence
indefinitely.

	 	 	 	 	 	 	 	 	 	 	 
	DigitalGlobe,

	 	Inc.
	 	 	 	Participant
	 	Name	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Signature:

	 	/s/ Yancey Spruill
	 	 	 	Signature:
	 	/s/ Marc Tremblay	 	 
	Name:

	 	 

Yancey Spruill
	 	 	 	 	 	 

	 	 
	Title:

	 	CFO	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Date:
	 	Aug 14, 2007	 	 
	 

	 	 	 	 	 	 	 	 	 	 

15

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