Document:

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                                                                    Exhibit 10.9

                                  EARTHWATCH
                                 Incorporated

                              Modification One to
                             Distributor Agreement
                        of the 18th day of June, 1996,
                                by and between:

                           NUOVA TELESPAZIO, S.p.A.
                     Via Tiburtina, 965 Rome 00156, Italy

                                      and

                            EarthWatch Incorporated
                  1900 Pike Road Longmont, Colorado USA 80501

         This Modification to the Distributor Agreement (the "Agreement")
         supersedes and replaces the original Distribution Agreement between
         EarthWatch Incorporated (EarthWatch) and Nuova Telespazio S.p.A.
         (TELESPAZIO). It is issued to incorporate provisions to allow the
         distribution of both EarlyBird and QuickBird products and to
         incorporate administrative changes. This modification is entered into
         by the parties as of August 01, 1997.
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                                                         DISTRIBUTION AGREEMENT
                                                                 8/1/97 7:39 AM

     1.   Definitions

          1.1.  "Product" or "Products" shall mean both data and services
                grouped into product classes as set forth in Exhibit B.

          1.2.  The "Digital Globe" shall mean the entire collection of
                data products offered for sale by EarthWatch,
                Incorporated. The Digital Globe is organized as a set of
                product CLASSES such as "IMAGES" which in turn include
                various product "GROUPS", such as EarlyBird or QuickBird
                panchromatic imagery, various aerial camera imagery, etc.

          1.3.  "Distribution" is the transfer of a limited, revocable
                license to specific Products from EarthWatch to either a
                Distributor (including Telespazio) or End User; or from a
                Distributor to a Dealer or End User. Any reference to the
                distribution of a Product or distributing the Product in
                this Agreement refers to the transfer of the license to
                use the Product.

          1.4.  A "Virtual Ground Station Link" shall mean the
                EarthWatch, "Distributor" or Customer-supplied physical
                link (e.g., VSAT or other) which enables communication
                between a Customer or Remote Archive and the EarthWatch
                Master Archive located at EarthWatch Headquarters in
                Colorado.

          1.5.  "Value Added Products" shall mean products intended for
                resale which combine or incorporate: EarthWatch imagery or
                EarthWatch Products with, additional technology, imagery
                or image processing sufficient to give such Value-Added
                Products benefits or features not available in the
                original Products. EarthWatch retains the right to make
                the sole determination of what constitutes Value Added
                Products.

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                                                         DISTRIBUTION AGREEMENT
                                                                 8/1/97 7:39 AM

     2.    Appointment; Territory; Products.

     Subject to all the terms and conditions of this Agreement, and in
     consideration of the additional purchase of $6,000,000.00 US Dollars in
     EarthWatch Series D common stock per the new Stock Purchase Agreement
     between TELESPAZIO and EarthWatch, dated the 01 day of August, 1997;

           2.1. EarthWatch hereby appoints TELESPAZIO as the Master Distributor
                responsible for all accounts ("Exclusive Accounts") within the
                territories set forth in Exhibit A paragraph 1 "Exclusive
                Product Sales and Distribution Territory." Consistent with the
                rights of a Master Distributor, TELESPAZIO shall have the right
                to establish a network of Master Resellers, Resellers, and
                Value-Added Resellers within the assigned territory. TELESPAZIO
                is also appointed as a nonexclusive Distributor of the Products
                to those specific entities set forth in Exhibit A paragraph 2.1.
                In the event that an exclusive Distributor is so assigned to
                those customer account or jurisdiction areas identified in
                Exhibit A, paragraph 2.1, EarthWatch and TELESPAZIO will make
                reasonable best efforts to secure dealer distribution rights
                for TELESPAZIO in conjunction with the new regional
                Distributor. TELESPAZIO hereby acknowledges that EarthWatch has
                exclusively assigned certain territories to other distributors.

           2.2. EarthWatch agrees to advise TELESPAZIO on a regular basis of
                all exclusive customer account or jurisdiction assignments to
                other Distributors. If TELESPAZIO receives any order from a
                prospective purchaser located in the territory assigned to
                another Distributor and of which assignment TELESPAZIO has been
                advised by EarthWatch, TELESPAZIO shall not accept any such
                orders and shall immediately refer them to EarthWatch.
                Likewise, EarthWatch and other distributors will not accept any
                order within the TELESPAZIO territory and will immediately
                refer such orders to TELESPAZIO.

           2.3. As a Master Distributor, TELESPAZIO is entitled to the option
                of purchasing from EarthWatch a Digital Globe Local Archive
                System (DG-LAS) and operating it for the benefit of customers
                and distribution partners within the territory. Specific system
                configuration, license rights and obligations, and purchase
                terms and conditions will be addressed in a separate DG-LAS
                agreement.

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                                                         DISTRIBUTION AGREEMENT
                                                                 8/1/97 7:39 AM

     2.4.   TELESPAZIO agrees to coordinate directly with EarthWatch Government
            Operations department when distributing to politically sensitive or
            military End User accounts to ensure that EarthWatch licensing and
            other regulatory requirements are met. In the event that an end-user
            account in TELESPAZIO's exclusive territory requests to work
            directly with EarthWatch due to political or military sensitive
            issues or other circumstances mutually agreed to, Telespazio or
            EarthWatch shall notify the other immediately and agree to negotiate
            for EarthWatch to support the end-user account directly, on a case-
            by-case and non-exclusive basis. TELESPAZIO and EarthWatch also
            agree to negotiate margin sharing for data sales generated from this
            activity on a case-by-case basis. These events are to be considered
            unique and individual and are not to be promoted by EarthWatch
            towards other customers within TELESPAZIO's Territory. Any
            agreements generated as a result of such activities will be held in
            strict confidentiality between EarthWatch, TELESPAZIO, and the end-
            user account. Should there be any dispute on any amounts payable to
            TELESPAZIO as a result of margin sharing, TELESPAZIO shall have the
            right to audit, at TELESPAZIO's expense, EarthWatch's account files
            relevant to the agreement in order to verify the correct amount.

     2.5.   TELESPAZIO shall maintain, and make available to EarthWatch, on an
            as-required basis, the name and address of selected customer
            accounts for EarthWatch products. Strict confidentiality of such
            information shall be maintained consistent with section 13 of this
            Agreement.

     2.6.   In the event that an Italian government agency requests that
            TELESPAZIO make Products available to foreign government accounts as
            part of an official foreign-aid package, TELESPAZIO shall notify as
            soon as reasonable, and coordinate directly with, EarthWatch if such
            accounts are not in TELESPAZIO's assigned Territory. Following this
            coordination, TELESPAZIO shall have the right in any territory not
            previously assigned to an exclusive Distributor to sell to those
            accounts directly or through the Italian government agency, subject
            to applicable laws and the terms of this Agreement. If the aid
            package including Products is targeted to an account that has been
            exclusively assigned to a distributor other than TELESPAZIO,
            EarthWatch agrees to use reasonable commercial efforts to facilitate
            discussions between TELESPAZIO and the other distributor for the
            purposes of assisting TELESPAZIO distribute Products to such
            accounts.

     2.7.   Upon request by TELESPAZIO, EarthWatch will consider extending the
            list of Exclusive Accounts and/or Territory as set forth in Exhibit
            A. The basis for granting any extension will be that TELESPAZIO
            requires the exclusivity in order to carry out a sales and
            distribution plan to the Exclusive Account and/or Territory and
            EarthWatch and TELESPAZIO agree on such plan. Notwithstanding the
            foregoing, EarthWatch may, in its sole discretion, refuse
            TELESPAZIO's request.

     2.8.   No customer of TELESPAZIO, including but not limited to Exclusive
            Accounts and Nonexclusive Accounts, shall have the right to be a
            Master Reseller, Reseller, or Value-added Reseller or otherwise
            redistribute the Products without the expressed written consent of
            EarthWatch. To the extent that EarthWatch consents to any such
            redistribution or Reseller arrangement, TELESPAZIO agrees to bind
            its Resellers (to the extent permitted hereunder) to a Master
            Reseller, Reseller, and/or Value-added Reseller License Agreement
            approved in writing by EarthWatch in substantially the form of
            Exhibit F hereto, in anticipation of any modifications that may be
            required by European Union and/or national regulations in each
            territory and also taking into account the EarthWatch and TELESPAZIO
            respective roles.

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                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:39 AM

     2.9    In furtherance and not in limitation of the foregoing, EarthWatch
            and TELESPAZIO agree that if a Value-Added Reseller desires to
            purchase Products from TELESPAZIO for resale to customers in the
            form of Value Added Products (i.e., processed imagery) or merely
            bundled together with products derived from the Products (i.e.,
            EarthWatch images and digital map files derived from the imagery),
            TELESPAZIO agrees to notify EarthWatch and EarthWatch and TELESPAZIO
            shall negotiate in advance of the production of such products, an
            appropriate distribution, pricing and margin sharing scheme. If
            necessary or appropriate, such negotiations will also involve the
            Value-Added Reseller. Such value-added products are hereby deemed to
            not be covered by the blanket margin agreement covering the standard
            EarthWatch products produced from the EarlyBird or QuickBird.

3.   Payment and Supply Terms.

     3.1.   Prices payable by TELESPAZIO to EarthWatch are discounted from those
            set forth on the then current EarthWatch Suggested European Price
            List for the products produced from EarlyBird or QuickBird satellite
            imagery and falling within the Standard Product Classes (Exhibit B
            section 1. 1). Other EarthWatch products (non-EarlyBird or non-
            QuickBird) or other third-party products in the Standard Product
            Classes will have separate discount rates associated with each and
            will be made available at the time such products are introduced into
            the EarthWatch product list. EarthWatch shall have the right, in its
            sole discretion, from time to time or at any time to change such
            price list with sixty (60) days written notice. New prices will
            apply to all Products distributed after such notice period.

     3.2.   TELESPAZIO will pay all charges, including without limitation,
            transportation charges and insurance premiums.

     3.3.   TELESPAZIO shall be solely responsible for all customs duties, sale,
            use, excise, value added and other, similar taxes, and all other
            governmental fees and charges applicable to EarthWatch's sale of the
            Products to TELESPAZIO and/or to the importation and distribution of
            the Products within the Territory. This excludes any such taxes,
            fees or charges imposed by the United States and any taxes imposed
            on EarthWatch's income.

     3.4.   In the event that either party's income arising out of this
            Agreement is determined to be subject to unanticipated taxes,
            TELESPAZIO and EarthWatch shall discuss and pursue strategies to
            legitimately minimize such liabilities. Both parties shall agree to
            reasonably use their best efforts to assist the other in this
            process.

     3.5.   Payment shall be paid by bank wire transfer in immediately available
            funds in US dollars and shall be considered paid on the date on
            which TELESPAZIO's bank, or other nominated and authorized financial
            institution, actually executes the fund transfer. Any amount that is
            initially calculated in a currency other than US dollars, by mutual
            agreement in advance, shall be converted to US dollars at the
            closing rate quoted for the purchase of US dollars in New York, New
            York, as quoted in the Wall Street Journal, on the fifth business
            day immediately prior to the date on which such payment is due.

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                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:39 AM

     3.6.   Terms of payment will be net 30 days from physical invoice receipt.
            EarthWatch will send a facsimile or electronic mail copy of each
            invoice to TELESPAZIO on the date on which it is issued as evidence
            of invoice issuance. Any payment that is not made when due and owing
            shall be subject to a late payment fee equal the lesser of one and a
            half percent (1.5%) per month or the maximum amount permitted by
            applicable law. For purposes of late payment fee assessment, a 15
            day grace period will be allowed following the net 30 day period. No
            part of any amount due hereunder may be reduced due to any
            counterclaim, set-off, adjustment or other right which TELESPAZIO,
            any other party or otherwise might claim.

     3.7.   EarthWatch and TELESPAZIO agree that, within TELESPAZIO's exclusive
            Territory, each end user customer contract for Products as listed in
            Section 1.2, 1.3, and 1.4 of Exhibit B shall be the subject of a
            specific teaming agreement with terms, conditions, responsibilities,
            and profits to be mutually agreed upon for each project. TELESPAZIO
            and EarthWatch shall agree to negotiate such terms, conditions,
            responsibilities, and profits in good faith.

     3.8.   During the term of this Agreement, subject to the other terms and
            conditions of this Agreement, EarthWatch shall maintain the Digital
            Globe archive databases available for access by TELESPAZIO with
            respect to Products ordered from such archives. With respect to any
            Product not contained in an archive, (such as new imagery to be
            taken), subject to the other terms and conditions of this Agreement,
            EarthWatch shall use its reasonable commercial efforts to fill
            TELESPAZIO's orders that have been accepted for such nonarchived
            Products, in-so-far as consistent with EarthWatch's then current
            leadtime schedule, access to supplies on acceptable terms and
            allocation of available products and capacity among other EarthWatch
            Distributors and Resellers. EarthWatch shall acknowledge TELESPAZIO
            orders within two (2) business days of receipt and agree to ship
            products available from the archive within five (5) business days.

     3.9.   The intellectual property rights embodied in the Products are
            licensed for distribution only and not sold. These rights will be
            protected by international copyright law and licensed for use by the
            buyer as an individual according to the terms of the then current
            End User License Agreement. An example of a EULA is in Exhibit G.
            EarthWatch and TELESPAZIO agree to work together to develop a EULA
            for TELESPAZIO's requirements that conforms to European Union and/or
            local national laws. Such EULA will be finalized by mutual written
            agreement only.

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                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:39 AM

4.   TELESPAZIO Covenants and Representations.

     4.1.  Except as expressly and unambiguously provided herein, TELESPAZIO
           represents, warrants and agrees:

           4.1.1.  to provide quarterly status reports to EarthWatch. These
                   reports, delivered in writing or verbally during joint
                   business meetings, shall review and discuss project status,
                   issues, and progress with respect to sales, marketing,
                   distribution, and technical considerations.

           4.1.2.  to complete a study of it's Territory of sales potentials for
                   existing and potential EarthWatch products and services.
                   TELESPAZIO will provide a complete summary of the market
                   survey results to EarthWatch.

           4.1.3.  to provide EarthWatch with yearly (calendar year, by quarter)
                   detailed sales revenue forecasts (based on revenues to
                   EarthWatch). Sales forecasts are to be delivered by 31
                   January during the term of this agreement. Forecasts will be
                   reviewed jointly by TELESPAZIO and EarthWatch and target
                   goals mutually agreed to.

           4.1.4.  to use commercially reasonable efforts to substantially
                   implement the Sales and Distribution Operations Concept set
                   forth in Exhibit E hereto.

           4.1.5.  not to (i) disassemble, decompile or otherwise reverse
                   engineer the Products or otherwise attempt to learn the
                   source code, structure, algorithms or ideas underlying the
                   Products, (ii) rent, lease or otherwise provide temporary
                   access to a Product, (iii) take any action contrary to
                   EarthWatch's end-user license agreement except as expressly
                   and unambiguously allowed under this Agreement or (iv) copy
                   or modify the Products or (v) allow others to do any of the
                   foregoing.

           4.1.6.  to use its best efforts to successfully market (including,
                   without limitation, inclusion of the Products in TELESPAZIO's
                   catalogs and other promotional materials), distribute and
                   support (including installation, training and other support)
                   the Products on a continuing basis and to comply with good
                   business practices and all laws and regulations relevant to
                   this Agreement or the subject matter hereof. In its
                   distribution efforts, TELESPAZIO will use the then-current
                   names used by EarthWatch for the Products (but will not
                   represent or imply that it is EarthWatch); provided that
                   advertisements and promotional plans and materials shall be
                   subject to EarthWatch's approval, which approval shall not be
                   unreasonably withheld, and shall conform with EarthWatch's
                   standard advertising policies and usage guidelines for
                   copyrights, trademarks, and logos as specified by EarthWatch
                   and, provided further, that no other right to use any name or
                   designation is granted by this Agreement.

           4.1.7.  to inform EarthWatch of any problems encountered with the
                   Products and any resolutions arrived at for those problems,
                   and to communicate promptly to EarthWatch modifications,
                   design changes or improvements of the Products suggested by
                   any Reseller, customer, employee or agent. TELESPAZIO will
                   also promptly notify EarthWatch of any infringement of any
                   trademarks or other proprietary rights relating to the
                   Products of which it is aware.

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                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:39 AM

           4.1.8.  to comply with all export laws and restrictions and
                   regulations of the Department of Commerce or other United
                   States or foreign agencies or authorities, and not to export,
                   or allow the export or re-export of any Product or any direct
                   product thereof in violation of any such restrictions, laws
                   or regulations. EarthWatch shall assist TELESPAZIO in
                   ascertaining the nature and extent of any such relevant US
                   law or regulation.

5.   EarthWatch Covenants and Representations.

     5.1.  Except as expressly and unambiguously provided herein, EarthWatch
           represents, warrants and agrees:

           5.1.1.  to use commercially reasonable efforts to substantially
                   implement the satellite operations concept set forth in
                   Exhibit D hereto.

           5.1.2.  to use commercially reasonable efforts to substantially
                   fulfill its obligations defined in the sales and distribution
                   concept set forth in Exhibit E hereto.

           5.1.3.  to use commercially reasonable efforts to provide, operate,
                   and maintain the following:

                   5.1.3.1.  a remote sensing satellite system and ground data
                             receiving infrastructure.

                   5.1.3.2.  physical product Distribution facilities, networks,
                             and related support staff as required.

                   5.1.3.3.  system integration personnel and technical
                             capabilities for installation and maintenance of
                             data processing and archive facilities which will
                             be made available to select customers and
                             Distributors.

                   5.1.3.4.  image data production and value-added product
                             capabilities as consistent with EarthWatch's
                             business plan.

           5.1.4.  to provide quarterly status reports to TELESPAZIO. These
                   reports, delivered in writing or verbally during joint
                   business meetings, shall review and discuss project, product,
                   and satellite status, issues, and progress with respect to
                   sales, marketing, distribution, and technical considerations.

           5.1.5.  to make available an initial 250 sets of basic marketing
                   materials to TELESPAZIO, and an additional 5 sets of basic
                   marketing materials for each reseller assigned by TELESPAZIO,
                   and to allow TELESPAZIO to make requests for additional
                   materials available at EarthWatch's costs for manufacturing
                   and providing the requested material.

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                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:39 AM

6.   Warranty; Disclaimer; Indemnity.

     6.1.  EarthWatch warrants only to TELESPAZIO that the Products, when
           shipped or made available to TELESPAZIO by EarthWatch, will
           materially conform to the applicable written specifications for such
           Product, as then in effect. This foregoing warranty covers only
           problems reported to EarthWatch within ninety (90) days of delivery
           of such Product to TELESPAZIO. TELESPAZIO will handle and be
           responsible for all warranty returns from its direct and indirect
           customers. Products obtained from EarthWatch which do not comply with
           the warranty during the aforementioned warranty period and are
           returned (by TELESPAZIO only) to EarthWatch within one hundred and
           twenty (120) days of delivery of such Product to TELESPAZIO will be
           repaired or replaced at EarthWatch's option, provided TELESPAZIO
           bears the cost of freight and insurance to the point of repair.
           EarthWatch will bear the cost of freight and insurance for return of
           repaired or replaced goods to TELESPAZIO. If EarthWatch cannot, or
           determines that it is not practical to, repair or replace the
           returned Product, the price therefore paid by TELESPAZIO will be
           refunded. EXCEPT AS SET FORTH ABOVE IN THIS SECTION 6.1, EARTHWATCH
           MAKES NO OTHER WARRANTIES WITH RESPECT TO THE PRODUCTS, INCLUDING
           WITHOUT LIMITATION, PRODUCTS THAT ARE RETRIEVED BY TELESPAZIO FROM A
           EARTHWATCH (OR TELESPAZIO) ARCHIVE, ANY OTHER SUBJECT MATTER OF THIS
           AGREEMENT OR ANY SERVICES RENDERED HEREUNDER, AND DISCLAIMS ALL OTHER
           WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A
           PARTICULAR PURPOSE. The above warranty does not extend to any Product
           that is modified or altered, is treated with abuse, negligence or
           other improper treatment (including, without limitation, use outside
           the recommended environment). TELESPAZIO's sole remedy with respect
           to any warranty or defect is as stated above.

     6.2.  EarthWatch shall hold TELESPAZIO and its officers, directors, agents
           and employees harmless from liability resulting from (i) third party
           claims against TELESPAZIO where the claim is a result of an unlawful
           action by EarthWatch or its employees; or (ii) a breach by EarthWatch
           of any representation or warranty made by it hereunder; or (iii)
           infringement by the Product of any United States patent issued as of
           the date of delivery of the first copy of the applicable Product or
           any United States copyright, provided EarthWatch is promptly notified
           of any and all threats, claims and proceedings related thereto and
           given reasonable assistance and the opportunity to assume sole
           control over the defense and all negotiations for a settlement or
           compromise; EarthWatch will not be responsible for any settlement it
           does not approve in writing. THE FOREGOING IS IN LIEU OF ANY
           WARRANTIES OF NONINFRINGEMENT, WHICH ARE HEREBY DISCLAIMED. The
           foregoing obligation of EarthWatch does not apply with respect to
           Product or portions or components thereof (i) not supplied by
           EarthWatch, (ii) made in whole or in part in accordance to TELESPAZIO
           specifications, (iii) which are modified after shipment by
           EarthWatch, if the alleged infringement relates to such modification,
           (iv) combined with other products, processes or materials where the
           alleged infringement relates to such combination, (v) where
           TELESPAZIO continues allegedly infringing activity after being
           notified thereof or after being informed of modifications that would
           have avoided the alleged infringement, or (vi) where TELESPAZIO's use
           of the Product is incident to an infringement not resulting primarily
           from the Product or is not strictly in accordance with the License.

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                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:39 AM

      6.3. TELESPAZIO shall hold EarthWatch and its officers, directors, agents
           and employees harmless from liability resulting from (i) third party
           claims against EarthWatch where the claim is a result of an unlawful
           action by TELESPAZIO or its employees; (ii) a breach by TELESPAZIO of
           any representation, warranty or covenant made by it hereunder; or
           (iii) any and all damages, settlements, attorneys' fees and expenses
           related to a claim of infringement or misappropriation excluded from
           EarthWatch's indemnity obligation under Section 6.2 above.

7.   Limited Liability. NOTWITHSTANDING ANYTHING ELSE IN THIS AGREEMENT OR
     OTHERWISE, EARTHWATCH WILL NOT BE LIABLE WITH RESPECT TO ANY SUBJECT MATTER
     OF THIS AGREEMENT UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER
     LEGAL OR EQUITABLE THEORY FOR (I) ANY AMOUNTS IN EXCESS IN THE AGGREGATE OF
     THE AMOUNTS PAID TO EARTHWATCH HEREUNDER DURING THE TWELVE-MONTH PERIOD
     PRIOR TO DATE ON WHICH THE CAUSE OF ACTION AROSE OR (II) ANY INCIDENTAL OR
     CONSEQUENTIAL DAMAGES, LOST PROFITS OR LOST DATA OR (III) COST OF
     PROCUREMENT OF SUBSTITUTE GOODS, TECHNOLOGY OR SERVICES. EARTHWATCH SHALL
     HAVE NO LIABILITY FOR ANY FAILURE OR DELAY DUE TO MATTERS BEYOND ITS
     REASONABLE CONTROL.

8.   Relationship of Parties

     8.1.  The parties hereto expressly understand and agree that TELESPAZIO is
           an independent contractor in the performance of each and every part
           of this Agreement, is solely responsible for all of its employees and
           agents and its labor costs and expenses arising in connection
           therewith and is responsible for and will indemnify EarthWatch from
           any and all claims, liabilities, damages, debts, settlements, costs,
           attorneys' fees, expenses and liabilities of any type whatsoever that
           may arise on account of TELESPAZIO's activities, or those of its
           employees or agents (including, without limitation, Resellers),
           including without limitation, providing unauthorized representations
           or warranties (or failing to disclose all warranties and liabilities
           on behalf of EarthWatch) to its customers or breaching any term,
           representation or warranty of this Agreement. EarthWatch is in no
           manner associated with or otherwise connected with the actual
           performance of this Agreement on the part of TELESPAZIO, nor with
           TELESPAZIO's employment of other persons or incurring of other
           expenses. Except as expressly provided herein, EarthWatch shall have
           no right to exercise any control whatsoever over the activities or
           operations of TELESPAZIO.

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                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:39 AM

9.   Assignment

     9.1.   This Agreement and the rights hereunder are not transferable or
            assignable without the prior written consent of the parties hereto,
            except for rights to payment and except to a person or entity who
            acquires all or substantially all of the assets or business of a
            party, whether by sale, merger or otherwise. In the event TELESPAZIO
            desires to transfer or assign this Agreement to a majority
            controlled company or affiliate, the prior written consent of
            EarthWatch shall not be unreasonably withheld.

10.  Term

     10.1.  Unless terminated earlier as provided herein, this Agreement shall
            have a term extending from the date of contract signature until the
            later of i) the fourth (4th) anniversary of the date of EarthWatch's
            first successful launch of the EarlyBird satellite or ii) the fourth
            (4th) anniversary of the date of EarthWatch's first successful
            launch of the QuickBird satellite. A successful launch is defined as
            occurring when the satellite is able to provide commercially salable
            images .

     10.2.  In the event that the U.S. Government suspends the acquisition
            and/or distribution of data from the EarthWatch satellites covered
            by this Agreement, then EarthWatch agrees to negotiate with
            TELESPAZIO an extension of the term of this contract.

     10.3.  In the event of the failure of an EarthWatch satellite covered by
            this Agreement during the first two (2) years after its successful
            launch, preventing the acquisition of images, then EarthWatch agrees
            to negotiate with TELESPAZIO an extension of the term of this
            contract.

     10.4.  Beginning at the end of the second complete calendar year following
            EarthWatch's first successful launch of the EarlyBird satellite,
            EarthWatch and TELESPAZIO agree to conduct a yearly sales
            performance review (based on revenues to EarthWatch) in conjunction
            with the supply of TELESPAZIO's yearly sales forecast, and based on
            TELESPAZIO's yearly sales forecasts for the preceding calendar year
            (section 4 paragraph 4.1.3). If a satisfactory Final Performance
            Review (as defined in section 11 paragraph 11.1.4) is achieved
            during the review twelve (12) months prior to the end of the
            contract term, then this Agreement shall extend for an additional
            four (4) year period unless TELESPAZIO shall notify EarthWatch in
            writing at least one (1) year prior to termination of its intention
            not to renew.

     10.5.  If the parties continue to do business with each other after such
            termination, the relevant terms hereof will continue to govern the
            relationship unless otherwise expressly agreed in writing and except
            that the relationship may be terminated unilaterally by either party
            merely by ceasing to do business with the other. TELESPAZIO
            understands that after the date specified above or earlier
            termination, neither it nor any Resellers shall have any right
            whatsoever to continue as a Reseller regardless of any undocumented
            continuation of the relationship with EarthWatch or be entitled to
            any compensation in connection with such termination.
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                                                        DISTRIBUTION AGREEMENT
                                                                8/1/97 8:48 AM

11.  Termination.

     11.1.  This Agreement may be terminated by either party for cause
            immediately by written notice upon the occurrence of any of the
            following events:

            11.1.1.  If the other ceases to do business, or otherwise terminates
                     its business operations or becomes insolvent or seeks
                     protection under any bankruptcy, receivership, trust deed,
                     creditors arrangement, composition or comparable
                     proceeding, or if any such proceeding is instituted against
                     the other (and not dismissed within 90 days); or

            11.1.2.  If the other shall fail to promptly secure or renew any
                     license, registration, permit, authorization or approval
                     for the conduct of its business in the manner contemplated
                     by this Agreement or if any such license, registration,
                     permit, authorization or approval is revoked or suspended
                     and not reinstated within 30 days; or

            11.1.3.  If the other materially breaches any material provision of
                     this Agreement and fails to fully cure such breach within
                     30 days of written notice describing the breach.

            11.1.4.  If TELESPAZIO does not perform it's obligation with respect
                     to a minimum sales quota, EarthWatch has the right to
                     terminate this Agreement with twelve (12) months advance
                     notice prior to the end of the initial contract term.
                     Minimum sales quota for the Final Performance Review is
                     defined as 80% of the TELESPAZIO sales forecast (based on
                     revenues to EW) for the preceding calendar year according
                     to the sales forecasts provided by TELESPAZIO and agreed to
                     by EarthWatch. In consideration for EarthWatch's provision
                     of twelve (12) months advance notice, TELESPAZIO hereby
                     forever waives all rights to severance or other termination
                     provisions which may be available under applicable law.

     11.2.  EarthWatch shall have the option to terminate the Agreement and
            TELESPAZIO's distribution license upon TELESPAZIO's failure to
            properly conform to the requirements of EarthWatch's various
            operating licenses and export regulations, details of which will be
            provided to TELESPAZIO by EarthWatch.

     11.3.  TELESPAZIO shall have the option to terminate this Distribution
            Agreement upon occurrence of any of the following conditions:

            11.3.1.  Loss of EarthWatch's operating license; or

            11.3.2.  Loss of permission for EarthWatch to export imagery data to
                     the Territory; or

            11.3.3.  Failure of the first EarthWatch satellite to meet nominal
                     mission performance specifications.

            11.3.4.  EarthWatch is unable to achieve a successful EarlyBird
                     launch by December 30, 1997.

<PAGE>

                                                         DISTRIBUTION AGREEMENT
                                                                 8/1/97 7:39 AM

     11.4.  Each party understands that the rights of termination hereunder are
            absolute. Neither party shall incur any liability whatsoever for any
            damage, loss or expenses of any kind suffered or incurred by the
            other (or for any compensation to the other) arising from or
            incident to any termination of this Agreement by such party which
            complies with the terms of the Agreement whether or not such party
            is aware of any such damage, loss or expenses.

     11.5.  In the event of a termination arising solely from a breach of this
            Agreement by TELESPAZIO or a termination event arising under Section
            11.3.1 11.3.2 or 11.3.3 above, EarthWatch may elect to continue or
            terminate any order then pending. In any other case of termination,
            both parties shall comply with their obligations relevant to the
            orders then pending. Furthermore, in the event of a termination
            (except a termination arising solely from a breach of this Agreement
            by EarthWatch), EarthWatch shall have no obligation to TELESPAZIO,
            or its employees or Resellers for compensation or for damages of any
            kind, whether on account of the loss by TELESPAZIO, its employees or
            Resellers of present or prospective sales, investments, compensation
            or goodwill.

12.  TERMINATION IS NOT THE SOLE REMEDY UNDER THIS AGREEMENT AND, WHETHER OR NOT
     TERMINATION IS EFFECTED, ALL OTHER REMEDIES WILL REMAIN AVAILABLE.

13.  Confidentiality.

     13.1.  Each party agrees that all code, inventions, algorithms, know-how
            and ideas and all other business, technical and financial
            information it obtains from the other party are the confidential
            property of the disclosing party ("Proprietary Information"). Except
            as expressly and unambiguously allowed herein, the receiving party
            will hold in confidence and not use or disclose any Proprietary
            Information of the disclosing party and shall similarly bind its
            employees and consultants in writing. Unless otherwise provided by
            law the provisions of this article shall survive the termination of
            this contract for a period of three (3) years. The receiving party
            shall not be obligated under this Section 13 with respect to
            information it can document, including information which:

            13.1.1.  is or has become readily publicly available without
                     restriction through no fault of the receiving party or its
                     employees or agents; or

            13.1.2.  is received without restriction from a third party lawfully
                     in possession of such information and lawfully empowered to
                     disclose such information; or

            13.1.3.  was rightfully in the possession of the receiving party
                     without restriction prior to its disclosure by the
                     disclosing party; or

            13.1.4.  was independently developed by employees or consultants of
                     the receiving party without access to such Proprietary
                     Information.

<PAGE>

                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:39 AM

     13.2.  The receiving party shall protect the Proprietary Information by
            using the same degree of care, but no less than a reasonable degree
            of care, to prevent the unauthorized disclosure or use of the
            Proprietary Information as the receiving party uses to protect its
            own confidential information. The parties acknowledge that any
            disclosure or unauthorized use of the Proprietary Information will
            constitute a material breach of this Agreement and cause substantial
            harm to the disclosing party for which damages would not be an
            adequate remedy, and, therefore, in the event of such breach, in
            addition to other available remedies, the disclosing party shall
            have the right to obtain injunctive relief.

14.  General.

     14.1.  Amendment and Waiver - Except as otherwise expressly provided
            herein, any provision of this Agreement may be amended and the
            observance of any provision of this Agreement may be waived (either
            generally or any particular instance and either retroactively or
            prospectively) only with the written consent of the parties.
            However, it is the intention of the parties that this Agreement be
            controlling over additional or different terms of any order,
            confirmation, invoice or similar document, even if accepted in
            writing by both parties, and that waivers and amendments shall be
            effective only if made by non-preprinted agreements clearly
            understood by both parties to be an amendment or waiver.

     14.2.  Force Majeure - If either party is prevented from performing any of
            its duties and obligations hereunder in a timely manner by reason of
            any act of God, strike, labor dispute, flood, public disaster,
            equipment or technical malfunctions or failures, power failures or
            interruptions or any other reason beyond its reasonable control,
            such condition shall be deemed to be a valid excuse for delay or
            interruptions of performance or for nonperformance of any such duty
            or obligation. In the event that a delay or interruption of
            performance continues for a period of 180 days, either party may
            terminate this Agreement upon 60 days notice.

     14.3.  Headings - Headings and captions are for convenience only and are
            not to be used in the interpretation of this Agreement.

     14.4.  Notices - Notices under this Agreement shall be sufficient only if
            personally delivered, delivered by a major commercial rapid delivery
            courier service or mailed by certified or registered mail, return
            receipt requested to a party at its addresses first set forth herein
            or as amended by notice pursuant to this subsection. If not received
            sooner, notice by mail shall be deemed received 5 days after deposit
            in the US mails.

     14.5.  Entire Agreement - This Agreement supersedes all proposals, oral or
            written, all negotiations, conversations, or discussions between or
            among parties relating to the subject matter of this Agreement and
            all past dealing or industry custom.

     14.6.  Exhibits - All exhibits, attachments and schedules referred to in
            this Agreement are attached hereto and incorporated herein by this
            reference.

     14.7.  Severability - If any provision of this Agreement is held by a court
            of competent jurisdiction to be illegal, invalid or unenforceable,
            that provision shall be limited or eliminated to the minimum extent
            necessary so that this Agreement shall otherwise remain in full
            force and effect and enforceable

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                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:39 AM

     14.8.  Arbitration - Any claim, dispute or controversy arising out of or in
            connection with or relating to this Agreement or the breach or
            alleged breach thereof shall be submitted by the parties to
            arbitration (which arbitration shall be binding for purposes of this
            Agreement only) in Geneva, Switzerland, in accordance with the then-
            current commercial arbitration rules of the American Arbitration
            Association ("AAA") except as otherwise provided herein. This
            Agreement shall be governed by and construed under the laws of the
            State of Colorado and the United States without regard to conflicts
            of laws provisions thereof and without regard to the United Nations
            Convention on Contracts for the International Sale of Goods. All
            proceedings shall be held in English and a transcribed record
            prepared in English. The parties shall each choose one arbitrator
            with technical expertise in the area of dispute and such two
            arbitrators shall, by mutual agreement, select a third, neutral
            arbitrator. If no arbitrator is appointed by either EarthWatch or
            TELESPAZIO within thirty (30) days of notice of intent to arbitrate,
            the AAA shall make such appointment within thirty (30) days of such
            failure. The judgment rendered by the arbitrators shall include
            costs of arbitration, reasonable attorneys' fees and reasonable
            costs for expert and other witnesses, and judgment on such award may
            be entered in any court having jurisdiction thereof. Nothing in this
            Agreement shall be deemed as preventing either party from seeking
            injunctive relief (or any other provisional remedy) from any court
            having jurisdiction over the parties and the subject matter of the
            dispute as necessary to protect either party's name, proprietary
            information, trade secrets, know-how or any other proprietary
            rights. If the issues in dispute involve scientific or technical
            matters, any arbitrator chosen hereunder shall have educational
            training and/or experience sufficient to demonstrate a reasonable
            level of relevant scientific knowledge. In any action or proceeding
            to enforce rights under this Agreement, the prevailing party shall
            be entitled to recover costs and attorneys' fees.

     14.9.  Basis of Bargain - Each party recognizes and agrees that the
            warranty disclaimers and liability and remedy limitations in this
            Agreement are material bargained for bases of this Agreement and
            that they have been taken into account and reflected in determining
            the consideration to be given by each party under this Agreement and
            in the decision by each party to enter into this Agreement.

15.  Prevailing Law.

     15.1.  All the provisions of this Agreement shall be in compliance with the
            European legislation and regulations.

<PAGE>

                                                         DISTRIBUTION AGREEMENT
                                                                 8/1/97 7:39 AM

Signed by and on behalf of:

EarthWatch Incorporated                     NUOVA TELESPAZIO S.p.A.

/s/ Douglas Gerull                               /s/ Amedo Natali
---------------------------------           ---------------------------------
Douglas Gerull                              Amedo Natali
President/Chief Operating Officer           General Director

August 01, 1997                             August 8, 1997
---------------------------------           ---------------------------------
Date                                        Date

<PAGE>

                                                         DISTRIBUTION AGREEMENT
                                                                 8/1/97 7:59 AM

                                   EXHIBIT A

                            DISTRIBUTION TERRITORY

1.   Exclusive Product Sales and Distribution.

     1.1.   The "Territory" includes exclusive Master Distributor rights for:

Italy              Norway                Vatican            Poland
Spain              Denmark               Cyprus             Croatia
France             Finland               Austria            Yugoslavia
Belgium            Turkey                Iceland            Bulgaria
Netherlands        Hungary               Liechtenstein
Germany            Portugal              Slovenia
Switzerland        Greece                Albania
Luxembourg         Montecarlo/Monaco     Czech Republic
United Kingdom     Malta                 Slovak Republic
Ireland            Andorra               Romania
Sweden             S. Marino

     1.2    If another State or Country is created as a result of a change in
            the legal Government over a territory geographically included in
            above list, then the new State or Country so created will be added
            to this list. If the new State or Country so created extends
            TELESPAZIO's geographic territory then EarthWatch and TELESPAZIO
            agree to negotiate the inclusion and exclusivity of the new State or
            Country with respect to its addition to this list.

     1.3    The Territory shall also include exclusive Master Distributor rights
            for Morocco, Algeria, and Tunisia. In the event that EarthWatch
            wishes to assign these countries to another Master Distributor, then
            TELESPAZIO shall have the first right of refusal contingent on
            TELESPAZIO's agreeing to the terms and conditions offered to the
            other Master Distributor for exclusivity in these countries.

2.   Nonexclusive Product Sales and Distribution

     2.1.   The following are assigned to TELESPAZIO as "Nonexclusive Accounts":

            2.1.1.  Regional Centre for Services in Surveying, Mapping and
                    Remote Sensing Nairobi, Kenya

            2.1.2.  Provincial Argentinean Cadastral Direction Offices

            2.1.3.  Provincial Argentinean Ministries of Production

            2.1.4.  The following accounts in Egypt:

                    Arab European Environmental Center

                    University of Cairo

                    University of Alexandria

                                       17
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                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:59 AM

                    Ministry of Agriculture

                    Ministry of Public Works

                    Scientific Agency for Middle East

                    Survey Research Institute

                    Mining Authority

                    Institute for Space Science

                    National Park Institute

                    Petroleum Regional Engineering Centre

                    Water Research Institute

                    Ministry of Defense

                    National Remote Sensing Centre

                    ERSS (Environmental and Remote Sensing Service)

            In the event that EarthWatch assigns exclusivity to another
            Distributor, EarthWatch will attempt to ensure that TELESPAZIO can
            continue to work in these accounts as a Reseller or Value-Added
            Reseller of the new Distributor (section 2 paragraph 2.1). In any
            event, EarthWatch will provide written notice to TELESPAZIO of such
            assignment and will allow TELESPAZIO 180 days from the date of such
            notice to exclusively conclude any ongoing projects within these
            named accounts. EarthWatch further agrees to coordinate in advance
            all EarthWatch activities within such accounts with TELESPAZIO.

            2.1.5.  TELESPAZIO shall also have non-exclusive rights to sell into
                    named accounts in all territory currently unassigned by
                    EarthWatch provided that: i) prior to beginning sales
                    activity, TELESPAZIO shall provide the named accounts to
                    EarthWatch along with reasonable justification for
                    TELESPAZIO's sales activity for EarthWatch approval, which
                    approval shall not be unreasonably withheld; and ii)
                    TELESPAZIO shall conform with any existing EarthWatch price
                    list for the territory. EarthWatch will provide TELESPAZIO
                    with a list of all unassigned territories within sixty (60)
                    days of contract signature.

                    In the event that EarthWatch assigns exclusivity of an
                    unassigned territory to another Distributor, EarthWatch will
                    attempt to ensure that TELEPAZIO can continue to work in
                    the named accounts as a Reseller or Value-Added Reseller of
                    the new Distributor (section 2 paragraph 2. 1). In any
                    event, EarthWatch will provide written notice to TELESPAZIO
                    of such assignment and will allow TELESPAZIO 180 days from
                    the date of such notice to exclusively conclude any ongoing
                    projects within the named accounts.

                                       18
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                                                         DISTRIBUTION AGREEMENT
                                                                 8/1/97 7:59 AM

                                   EXHIBIT B

                              PRODUCT DEFINITIONS

1.   Product Definitions.

     The following list identifies the EarthWatch products covered by this
     Agreement between TELESPAZIO and EarthWatch. This list of products licensed
     to TELESPAZIO for distribution includes Digital Globe products derived from
     both the EarthWatch EarlyBird (3m panchromatic/15m multispectral) satellite
     series and the EarthWatch QuickBird (1m panchromatic/4m multispectral)
     satellite series. EarthWatch reserves the right to change/redefine, add or
     remove products in its official EarthWatch products list at any time. Other
     Digital Globe products will be added to the agreement as they become
     available and terms mutually agreed to by TELESPAZIO and EarthWatch.

     1.1.   STANDARD Product Classes

            IMAGES
            MOSAICS
            ORTHOS
            DEMS
            MAPS
            DATA

     1.2.   SPECIAL Product Classes

            1.2.1.  Should TELESPAZIO perceive SPECIAL product sales
                    opportunities they will be discussed with EarthWatch in
                    advance of any project proposal and EarthWatch and
                    TELESPAZIO agree that each end user customer contract for
                    SPECIAL Products shall be the subject of a specific teaming
                    agreement with terms, conditions, responsibilities, and
                    profits to be mutually agreed upon for each project.
                    Examples of Special Product Classes are Seconds on Orbit,
                    Direct Tasking, and Secret Tasking.

                                       19
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                                                         DISTRIBUTION AGREEMENT
                                                                 8/1/97 7:59 AM

     1.3.   SYSTEMS Product Classes

            1.3.1.  Should TELESPAZIO perceive SYSTEMS product sales
                    opportunities they will be discussed with EarthWatch in
                    advance of any project proposal and EarthWatch and
                    TELESPAZIO agree that each end user customer contract for
                    SYSTEMS Products shall be the subject of a specific teaming
                    agreement with terms, conditions, responsibilities, and
                    profits to be mutually agreed upon for each project.
                    Examples of Systems Product Classes are Virtual Ground
                    Station Links, Direct Reception Stations, Digital Globe
                    Local Archive Systems, and Image Processing and Analysis
                    Centers.

     1.4.   SERVICES Product Classes

            1.4.1.  Should TELESPAZIO perceive SERVICES product sales
                    opportunities they will be discussed with EarthWatch in
                    advance of any project proposal and EarthWatch and
                    TELESPAZIO agree that each end user customer contract for
                    SERVICES Products shall be the subject of a specific teaming
                    agreement with terms, conditions, responsibilities, and
                    profits to be mutually agreed upon for each project.
                    Examples of Services Product Classes are Systems Design and
                    Engineering, Software Programming, Image Analysis and
                    Production, Consulting, and Training.

                                       20
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                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:59 AM

                                   EXHIBIT C

                                    PRICING

1.   Pricing

     1.1.   The European Suggested Retail Price List for each of the standard
            products listed in Exhibit B shall be established by EarthWatch.
            EarthWatch agrees to confer with TELESPAZIO and take into account
            associated Distributor costs and operating margin requirements in
            establishing the European Suggested Retail Price List.
            Notwithstanding anything to the contrary, TELESPAZIO shall have the
            right unilaterally to set, and shall unilaterally set, the prices
            and the currency charged by TELESPAZIO to TELESPAZIO's customers
            for Products without any consultation or agreement whatever with
            EarthWatch. The currency charged by TELESPAZIO shall in no way
            change the Payment and Supply Terms in section 3.1 wherein all
            payments are due in US dollars.

2.   Discounts

     2.1.   EarlyBird Products shall be invoiced to TELESPAZIO at 40% of the
            EarthWatch Suggested European Price as current at the time of order.
            This equates to a discount of 60%.

     2.2.   QuickBird Products shall be invoiced to TELESPAZIO at 60% of the
            EarthWatch Suggested European Price as current at the time of order.
            This equates to a discount of 40%.

            2.2.1   TELESPAZIO shall be eligible, on a yearly basis, for
                    additional, variable discounts on the price of invoiced
                    QuickBird products, as follows. Based on the yearly,
                    agreed-to sales forecast for the coming year (section 4
                    paragraph 4.1.3), a quarterly performance run rate will
                    be established and TELESPAZIO's sales for each quarter will
                    be evaluated against this run-rate target at the end of each
                    quarter. Each quarter will be considered individually, i.e.
                    cumulative yearly performance will not be considered. Based
                    on the following schedule, if TELESPAZIO's quarterly sales
                    performance is higher than forecast, then their discount
                    would be increased for the next quarter. TELESPAZIO would
                    remain at the new discount level until 1) the end of the
                    sales year, or 2) until TELESPAZIO exceeded the quarterly
                    sales forecast again. If the quarterly sales forecast is
                    exceeded again, TELESPAZIO would receive an additional
                    discount on top of the first discount, up to a maximum
                    discount of 50%. At the beginning of each year the discount
                    would reset to 40% and the cycle would start over with a new
                    sales forecast to be agreed upon.

                    Variable Discount Schedule for QuickBird Products
                    Over Quota            Discount Increase
                    10%                   5%
                    20%                   10%

                                       21
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                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:59 AM

     2.3.    The discounts of other EarthWatch data products will be established
             by an amendment to this exhibit mutually agreed upon by the parties
             to this agreement.

                                       22
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                                                         DISTRIBUTION AGREEMENT
                                                                 8/1/97 7:59 AM

                                   EXHIBIT D

                         SATELLITE OPERATIONS CONCEPT

1.   EarthWatch EarlyBird Sensor Characteristics

     1.1.   HI-RES Panchromatic Sensor

     Patch size:    9 sq km
     Frame size:    36 sq km
     Pixel size:    3 meters at nadir
     Camera:        4 megapixel, staring focal plane arrays
     Data size:     4 Mbytes (uncompressed)
     Wavelengths:   Grayscale (8 bits), sampling 445 to 650 nm

     1.2.   HI-RES Multi-Spectral Sensor

     Scene size:    900 sq km
     Pixel size:    15 meters at nadir
     Camera:        4 megapixel (x3 bands), staring focal plane arrays
     Data size:     12 Mbytes (uncompressed)
     Wavelengths:   Green, Red, Near-IR (8 bits)

     1.3.   Sensors have a 28 degree fore-and-aft, and side-to-side pointing
            capability.

2.   EarthWatch QuickBird Sensor Characteristics

     2.1.   HI-RES Panchromatic Sensor

     Scene size:    22 km x 22 km
     Pixel size:    0.82 meters at nadir
     Camera:        pushbroom linear array
     Data size:     1 GB (uncompressed)
     Wavelengths:   Grayscale (11 bits)

     2.2.   HI-RES Multi-Spectral Sensor

     Scene size:    22 km x 22 km
     Pixel size:    3.28 meters at nadir
     Camera:        pushbroom linear array
     Data size:     4 GB (uncompressed)
     Wavelengths:   Blue, Green, Red, Near-IR (11 bits)

     2.3.   Spacecraft has a 30 degree fore-and-aft, and side-to-side pointing
            capability.

3.  Image Data Collection Mode.

     3.1.   All EarthWatch satellites are equipped with on-board solid state
            recorders to allow "store-and-dump" operations.

<PAGE>

                                                         DISTRIBUTION AGREEMENT
                                                                 8/1/97 7:59 AM

            3.1.1.  As each satellite passes near a groundstation it downlinks
                    stored images and receives new imaging instructions for the
                    next orbit.

4.   Modifications

     4.1.   EarthWatch reserves the right to make modifications to the technical
            specifications of any system component or Product.

<PAGE>

                                                          DISTRIBUTION AGREEMENT
                                                                  8/1/97 7:59 AM

                                   EXHIBIT E

                   SALES AND DISTRIBUTION OPERATIONS CONCEPT

1.   Sales

     1.1.  TELESPAZIO will provide and maintain a direct sales and marketing
           organization and Reseller network(s) (as necessary) who will sell and
           distribute the Products.

     1.2.  Resellers will be qualified by TELESPAZIO and required to operate by
           the terms and conditions of the TELESPAZIO Reseller License
           Agreement(s) substantially the same as the sample Reseller License
           Agreement attached hereto as Exhibit F.

     1.3.  TELESPAZIO will maintain a complete and current list of all Resellers
           and their completed contractual agreements. TELESPAZIO shall make an
           updated Reseller list and the actual contractual agreements between
           TELESPAZIO and the Resellers available to EarthWatch on a regular
           basis.

     1.4.  TELESPAZIO will cooperate fully with EarthWatch in ensuring that all
           aspects of EarthWatch's operating license are observed and not
           compromised in any way by TELESPAZIO Resellers and further attempt to
           conform to EarthWatch standard Master Reseller, Reseller, and Value-
           Added Reseller agreement formats to the maximum extent possible.

     1.5.  TELESPAZIO agrees to maintain a regular training program for sales
           personnel and Resellers relating to the sale of Products. The extent
           of such programs will be according to need and the marketing plan.

     1.6.  EarthWatch agrees to provide TELESPAZIO with priority access to
           EarthWatch imaging services.

2.   Marketing

     2.1.  TELESPAZIO agrees to complete a study of the Territory for the
           Products. TELESPAZIO will provide a complete summary of the market
           survey results to EarthWatch.

     2.2.  The market study shall include development of a specific list of
           marketing materials. EarthWatch and TELESPAZIO will then allocate
           preparation and supply responsibilities as appropriate.

     2.3.  TELESPAZIO agrees to engage in advertising, market promotions,
           seminars and workshops within its markets featuring EarthWatch.

     2.4.  EarthWatch and TELESPAZIO agree to use best efforts to promote and
           maintain recognition of and protect each other's trademarks.

<PAGE>

                                                         DISTRIBUTION AGREEMENT
                                                                 8/1/97 7:59 AM

3.   Order Processing and Distribution

     3.1.  EarthWatch agrees to provide Products directly to TELESPAZIO.
           TELESPAZIO will then deliver the Products to customers within the
           Territory either physically or electronically, through VSAT or other
           types of links, and via the Digital Globe Local Archive System
           (DG-LAS), if existing.

     3.2.  TELESPAZIO agrees to process orders from customers and Resellers and
           make payment to EarthWatch on the basis of Products delivered to
           TELESPAZIO.

     3.3.  As EarthWatch develops electronic distribution networks in support of
           other customer accounts for imaging data and related products that
           overlap into TELESPAZIO sales and distribution territories,
           EarthWatch agrees that they will also be made available to TELESPAZIO
           in support of TELESPAZIO sales and distribution efforts. Any
           electronic distribution network established (such as the INTERNET)
           within the TERRITORY will be considered to be part of the TELESPAZIO
           distribution and will be governed by this Distribution Agreement.

4.   Documentation

     4.1.  TELESPAZIO and EarthWatch will develop detailed flow charts showing
           the nominal distribution networks for sales, order processing, and
           physical product delivery.

<PAGE>

                                  Draft Copy

                                   EXHIBIT F

                         RESELLER LICENSE AGREEMENTS

                           EARTHWATCH, INCORPORATED
                         RESELLER AGREEMENT (Domestic)

     This Reseller Agreement ("Agreement") entered into as of _______________,
19__, between EarthWatch, Incorporated, a Delaware corporation, with its
principal place of business at 1900 Pike Road, Longmont, Colorado 80501
("EarthWatch"), and _______________________ a [specify type of organization]
with its principal place of business at _________________________ ("Reseller"),

                                  WITNESSETH:

     Whereas, EarthWatch is in the business of marketing licenses for the use of
high-resolution satellite imagery, related geographic information products, as
well as a variety of other geographic data products, including the Products (as
hereinafter defined);

     Whereas, Reseller has the facilities, personnel, and technical expertise
necessary to market the Products in the Territory (as hereinafter defined); and

     Whereas, Reseller wishes to obtain, and EarthWatch is willing to grant
Reseller, a limited right to distribute the Products (as hereinafter defined) in
the Territory.

     Now, Therefore, in consideration of these premises, and mutual covenants,
representations and agreements herein contained, EarthWatch and Reseller,
intending to be legally bound, hereby agree as follows:

                                   Article 1

                                  Definitions

     For the purposes of this Agreement, the following terms shall have the
respective meanings indicated below:

     1.1.  "Confidential Proprietary Data." Any information possessed and held
in confidence by and in the control of either Party to this Agreement that may
be valuable to such Party in its business. Confidential Proprietary Data
includes, but is not limited to, information concerning secret processes,
formulas, machines, components, inventions, creations, systems, designs,
materials, computer software, methods, techniques, pending patent applications,
patents, trademarks, copyrights, trade secrets, compositions, improvements,
ideas, specifications, or arts relating to its products and services or to the
production, assembly, testing, marketing, sale, and service of its products and
services, as well as financial projections, financing plans, marketing data and
other business information related to present or prospective business activities
of such Party. Confidential Proprietary Data may also include intellectual
property and the specific application of know how as a whole to specific
projects, products or services. Confidential Proprietary Data includes any and
all documents, records, notebooks, electronic media, drawings, photographs,
charts, written descriptions, samples, compositions, visual demonstrations, oral
disclosures, and other data or information and any other repositories or
representations which may contain any of the previously stated types of
confidential, proprietary information.

     1.2.  "Derivative Works." Works based upon Products, such as a revision,
modification, translation, abridgment, condensation, expansion, or any other
form in which such preexisting works may be recast, transformed, or adapted, and
that, if prepared without authorization of the owner of the copyright in such
preexisting work, would constitute a copyright infringement.

     1.3.  "End User." Any person or entity who obtains the Products solely for
its own internal use.

     1.4.  "End User License Agreement (EULA)." A written agreement containing
the terms, conditions, and obligations of both parties effective at the time of
order under which EarthWatch grants a license to an End User for the limited use
of a Product or Products. A

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copy of the current version is attached hereto as Exhibit B. The EULA will be
revised by EarthWatch as necessary. The Reseller obligations arising from the
EULA will be those in effect at the time of the End User's order.

     1.5.  "Intellectual Property Rights." The intangible legal rights or
interests evidenced by or embodied in (1) any idea, design, concept, technique,
invention, discovery, or improvement, regardless of patentability, but including
patents, patent applications, trade secrets, and know-how; (2) any work of
authorship, regardless of copyrightability, but including copyrights and any
moral rights recognized by law; and (3) any other similar rights, in each case
on a worldwide basis.

     1.6.  "License." The authorization EarthWatch gives under this agreement
and EULA's for use of the Products. Unless expressly stated otherwise, a license
is for a one time use of the products.

     1.7.  "Products." The data and data products of EarthWatch and the data and
data products of third parties licensed to EarthWatch. The specific Products
that EarthWatch shall provide to the Reseller for distribution are described in
Exhibit C attached hereto, as amended from time to time.

     1.8.  "Reseller Agreement." A written agreement containing the terms,
conditions, and obligations of both parties under which EarthWatch grants a
Reseller the right to transfer a license to use EarthWatch Products. This
document is a reseller agreement.

     1.9.  "Subreseller(s)." Any person or entity who is authorized to transfer
a single license to each Product received from Reseller as well use the Product
for its own internal use. Those so authorized (if any) are set forth or
described in Exhibit A attached hereto.

     1.10.  "Territory." The Territory in which a Reseller is authorized to sell
the Products and specifically described in Exhibit D attached hereto.

     1.11.  "Value-Added Activities." Any alteration of the Product(s) to
increase the value or utility of the Product(s) for a customer.

                                   Article 2

                                Grant of Rights

     2.1  License. EarthWatch hereby grants to Reseller, and Reseller hereby
accepts from EarthWatch, a nonexclusive right to transfer a single license for
the use by a single user of the Products delivered by EarthWatch solely to End
Users and Subresellers located in the Territory in accordance with the terms of
this Agreement.

     2.2  Demonstration Activities. EarthWatch hereby grants to Reseller a
limited right to use the Products for the purpose of furthering the goals of
this Agreement and Reseller duties under Article 3 which include marketing,
demonstration, training, and other displays calculated to increase public
awareness of the Products.

     2.3  Reserved Rights. All rights not specifically granted to Reseller
hereunder are reserved by EarthWatch. Except as expressly provided hereunder in
connection with the distribution of the Products, EarthWatch does not convey any
Intellectual Property Rights to Reseller hereunder. EarthWatch expressly
prohibits the making of copies of the Products by Reseller. Making copies of
Derivative Products is also prohibited. EarthWatch reserves the right to
discontinue developing, producing, licensing, or distributing any of the
Products and to modify, replace or add to the Products at its discretion at any
time.

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                                   Article 3

                              Duties of Reseller

     3.1  Distribution of Products. Reseller shall distribute the Products only
to End-Users and Subresellers located within the Territory as specified in
Exhibit D.

     3.2  Minimum Commitments. Minimum revenue commitments (if any) are
described in Exhibit E.

     3.3  Subreseller Support. Reseller shall support its Subresellers with
training, technical support, and other assistance appropriate for the promotion,
marketing, and distribution of the Products including the support described in
the EarthWatch Distribution Handbook. Such support and assistance may include,
without limitation, the specific services described in Exhibit A attached
hereto, which Reseller shall provide to Subresellers. Reseller shall make
available literature and other information that EarthWatch requires to be
transmitted to such Subresellers. Reseller shall call upon each Subreseller with
reasonable frequency and will answer promptly all inquiries or requests for
information relating to the Products. Reseller shall conduct EarthWatch-related
marketing and distribution activities as well as follow-up on leads provided by
EarthWatch in a timely fashion as defined in the EarthWatch Distributor
Handbook.

     3.4  Promotional Efforts. Reseller shall use its best efforts to vigorously
and aggressively market and distribute the Products to End Users and
Subresellers in the Territory. Reseller agrees to conduct EarthWatch-related
marketing and distribution activities as well as follow up on leads provided by
EarthWatch. Reseller may advertise the Products in advertising media of
Reseller's choice, provided that the primary audience or circulation is located
in the Territory. Reseller shall receive an initial supply of EarthWatch
promotional materials upon execution of this Agreement and may purchase
additional promotional materials at prices established quarterly. In all
advertising and promotion of the Products, Reseller shall comply with
EarthWatch's standard advertising policies and usage guidelines for copyrights
and trademarks as specified from time to time in the EarthWatch Distributor
Handbook.

     3.5  Reseller Personnel. Reseller shall train and maintain a sufficient
number of capable technical and distribution personnel so as to be able to
demonstrate and support the Products for End Users and Subresellers.

     3.6  Reseller Annual Reporting, Forecasting & Programming Responsibilities.
Reseller shall develop and submit annual distribution targets by January each
year of this agreement and provide updated revenue forecasts and reports
quarterly. Reseller shall advise EarthWatch promptly concerning any market
information that may come to Reseller's attention respecting EarthWatch, the
Products, EarthWatch's market position, or the continued competitiveness of the
Products in the marketplace, including charges, complaints, or claims by End
Users and Subresellers or other persons about EarthWatch or Products. Reseller
shall confer from time to time, at the request of EarthWatch, on matters
relating to market conditions, revenue forecasting, and product planning.
Reseller shall develop and present to EarthWatch annually an advertising
program, a media program, a public relations program, and an events program.
Such programs are subject to acceptance and approval by EarthWatch.

     3.7  License Transfer Agreement Responsibilities. Reseller is responsible
for preserving the rights and confining the obligations of EarthWatch in
accordance with the then current EULA (Exhibit B contains a EULA current at the
time of this Agreement) and in this Reseller Agreement, and shall require all
its End Users and Subresellers to agree to abide by such terms prior to
delivering any Products. Additionally, Reseller shall ensure that its
Subresellers require all their End Users to abide by such terms prior to
delivering any Products to the Subreseller for transfer of license to an End
User. EarthWatch reserves the right to audit that these actions are carried out
by the Reseller. This does not in any way

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require the use of EarthWatch forms. The rights that are to be preserved
include, but are not limited to, intellectual property rights that are reserved
to EarthWatch. The obligations that are to be confined include, but are not
limited to, the limited warranty and disclaimer of warranty as specified in
Section 6 of the then current EULA.

     3.8  Distribution Information. Reseller shall submit the names, addresses
and telephone numbers of Subresellers, and End Users at the time of order
placement.

     3.9  Failure to Fulfill Duties. In the event that Reseller does not fulfill
the obligations enumerated in this section specifically, or in the entire
Agreement, EarthWatch shall have the right to terminate this Agreement in whole
or in part in accordance with Article 9. In the event that Reseller does not
meet the Minimum Revenue Requirements identified in Exhibit E for the previous
year, EarthWatch, in lieu of termination, can increase the cost of the Products
to Reseller by reducing the Reseller Price Discount granted Reseller through the
remaining life of the Agreement.

                                   Article 4

                        Prices, Discounts, and Payment

     4.1  Suggested List Prices. EarthWatch shall periodically publish the
EarthWatch product guide containing a suggested price schedule for the Products.
EarthWatch may change the suggested list prices of any Products with sixty (60)
days prior written notice to Resellers.

     4.2  Prices to Reseller. The price payable by Reseller for each Product
shall be the applicable suggested list price of such Product less the discount
specified in Exhibit C for such Product at the time of order. EarthWatch may,
upon sixty (60) days prior written notice to Reseller, change the discount for
any or all Products not yet ordered.

     4.3  Taxes. Prices to Reseller do not include taxes of any nature. Reseller
shall pay those taxes invoiced by EarthWatch or will supply appropriate tax
exemption certificates in a form satisfactory to EarthWatch. All other taxes
remain the responsibility of Reseller.

     4.4  Payment. Reseller shall pay for Products in U.S. dollars within thirty
(30) days after the date of EarthWatch's invoice or on such terms as may be
otherwise specified in EarthWatch's invoice. EarthWatch reserves the right, upon
written notice to Reseller, to declare all sums immediately due and payable in
the event of a breach by Reseller of any of its obligations to EarthWatch,
including the failure of Reseller to comply with credit terms and limitations.
Furthermore, EarthWatch reserves the right to vary, change, or limit the amount
or duration of credit to be allowed to Reseller, either generally or with
respect to a particular order.

     4.5  Interest. Interest shall accrue on any delinquent amounts owed by
Reseller for the Products at the rate of 1.5 percent per month, or the maximum
rate permitted by applicable law, whichever is less.

     4.6  Reseller Financial Condition. Reseller must submit credit and
financial information as requested for credit check at the time of initial
registration process with EarthWatch. Reseller represents and warrants that it
is and at all times during the term of this Agreement shall remain in good
financial condition, solvent, and able to pay its bills when due. Reseller shall
maintain and employ in connection with Reseller's business under this Agreement
such working capital and net worth as may be required in the reasonable opinion
of EarthWatch to enable Reseller to carry out and perform all of Reseller's
obligations and responsibilities under this Agreement. Reseller shall have the
obligation to inform EarthWatch upon any material changes to Reseller's
financial condition. From time to time, on reasonable notice by EarthWatch,
Reseller shall furnish credit information including but not limited to financial
reports as necessary to determine Reseller's current financial condition.
EarthWatch shall have the right to change its financial requirements at any
time.

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                                   Article 5

                     Shipment, Risk of Loss, and Delivery

     5.1  Shipment. EarthWatch shall deliver by either shipment or via
electronic transfer, F.O.B. EarthWatch's point of shipment. Delivery shall be
made to Reseller's identified facilities or forwarded to any location designated
by the Reseller. Unless specified in Reseller's order, EarthWatch shall select
the method of shipment and the carrier. Reseller shall be responsible for and
shall pay all shipping, freight, and insurance charges. EarthWatch may require
Reseller to pay such charges in advance.

     5.2  Risk of Loss. All risk of loss or damage for any Product shall pass to
Reseller at the F.O.B. point, EarthWatch (including via electronic transfer).

     5.3  Partial Delivery. Unless Reseller clearly advises EarthWatch to the
contrary in writing, EarthWatch may make partial shipments of Reseller's orders,
to be separately invoiced and paid for when due. Delay in delivery of any
installment shall not relieve Reseller of its obligation to accept the remaining
deliveries.

                                   Article 6

                                   Warranty

     6.1  Limitation and Disclaimer of Warranty.

          6.1.1  ALL CLAIMS AND REMEDIES ARE LIMITED IN THE MANNER EXPRESSLY
PROVIDED IN THIS AGREEMENT. IN THE EVENT THAT THE DATA DELIVERED IS NOT THE DATA
WHICH WAS ORDERED OR THE MEDIA ITSELF, AS OPPOSED TO THE SOFTWARE OR DATA
ENCODED THEREON, IS DEFECTIVE AND RESELLER RETURNS THE DEFECTIVE MEDIA WITHIN
THIRTY (30) DAYS OF RECEIPT FROM THE END USER OR FROM EARTHWATCH, EARTHWATCH'S
SOLE LIABILITY AND EXCLUSIVE REMEDY OF RESELLER SHALL BE TO REPLACE ANY
DEFECTIVE PRODUCT THAT IS RETURNED TO EARTHWATCH'S POINT OF SHIPMENT OR, AT
EARTHWATCH'S SOLE DISCRETION, REFUND THE LICENSE FEE FOR THE DEFECTIVE PRODUCT
PREVIOUSLY RECEIVED BY EARTHWATCH.

          6.1.2  THIS IS THE ONLY WARRANTY PROVIDED. WITH THE EXCEPTION OF THE
PRECEDING WARRANTY, THE PRODUCTS ARE PROVIDED WITHOUT WARRANTY OF ANY KIND, AND
ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE ARE
EXPRESSLY EXCLUDED. EARTHWATCH DOES NOT WARRANT THAT THE PRODUCTS WILL MEET THE
RESELLER'S OR USER'S NEEDS OR EXPECTATIONS OR THAT OPERATIONS OF THE PRODUCTS
WILL BE ERROR FREE OR UNINTERRUPTED. EARTHWATCH DOES NOT WARRANT AS TO THE
ACCURACY, RELIABILITY OR COMPLETENESS OF ANY DATA DELIVERED WITH OR AS A RESULT
OF THE USE OF THE PRODUCT. NO ORAL OR WRITTEN ADVICE OR INFORMATION PROVIDED BY
EARTHWATCH OR ANY OF ITS AGENTS OR EMPLOYEES SHALL CREATE A WARRANTY OR IN ANY
WAY INCREASE THE SCOPE OF THIS LIMITED WARRANTY, AND USER IS NOT ENTITLED TO
RELY ON ANY SUCH ADVICE OR INFORMATION.

          6.1.3  IN NO EVENT SHALL EARTHWATCH BE LIABLE FOR ANY CLAIM OR LOSS
INCURRED BY RESELLER OR USER (INCLUDING WITHOUT

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LIMITATION COMPENSATORY, INCIDENTAL, INDIRECT, SPECIAL, CONSEQUENTIAL OR
EXEMPLARY DAMAGES, OR OTHER DAMAGES RESULTING FROM THE USE OR INABILITY TO USE
PRODUCTS) IRRESPECTIVE OF WHETHER EARTHWATCH HAS BEEN INFORMED, KNEW, OR SHOULD
HAVE KNOWN OF THE LIKELIHOOD OF SUCH DAMAGES. THIS LIMITATION APPLIES TO ALL
CAUSES OF ACTION IN THE AGGREGATE, INCLUDING WITHOUT LIMITATION BREACH OF
CONTRACT OR WARRANTY, NEGLIGENCE, STRICT LIABILITY, MISREPRESENTATION AND OTHER
TORTS. IF EARTHWATCH'S LIMITATION OF LIABILITY SET FORTH IN THIS AGREEMENT SHALL
FOR ANY REASON BE HELD UNENFORCEABLE OR INAPPLICABLE, RESELLER AND USER AGREE
THAT EARTHWATCH'S LIABILITY SHALL NOT EXCEED THE LICENSE FEES PAID BY USER TO
EARTHWATCH WITH RESPECT TO THE PRODUCTS AT ISSUE.

          6.1.4  IN NO EVENT SHALL EARTHWATCH BE LIABLE TO RESELLER, SUBRESELLER
OR END USER FOR ANY INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES, INCLUDING,
WITHOUT LIMITATION, LOST PROFITS, COSTS OF DELAY, ANY FAILURE OF DELIVERY, COSTS
OF LOST OR DAMAGED DATA OR DOCUMENTATION, OR LIABILITIES TO THIRD PARTIES
ARISING FROM ANY SOURCE.

     6.2  Responsibilities of Reseller for Warranty

          6.2.5  All products to End Users are warranted as provided in the EULA
(example in Exhibit B) current at the time of order, the applicable provisions
of which are made a part hereof by reference.

          6.2.6  Reseller is responsible for receiving and honoring all
replacement requests from its Subresellers or End Users only according to the
applicable EULA or Reseller agreement warranty terms. Reseller shall instruct
all authorized Subresellers to submit all replacement requests to Reseller.
Reseller may not accept returns from anyone other than its Subresellers, or End
Users without the express approval of EarthWatch.

          6.2.7  EarthWatch's End User warranty shall apply only during the
period commencing upon receipt by the End User of the Products from EarthWatch,
Reseller or Subreseller and ending at thirty (30) days after that receipt.

          6.2.8  EarthWatch's Reseller warranty shall apply only during the
period commencing upon receipt of the Products thirty (30) days after receipt by
the End User from EarthWatch, Reseller or Subreseller. Returns accepted by the
Reseller that do not fall within the terms of this section shall be at the sole
risk of the Reseller.

          6.2.9  Reseller shall comply with the EarthWatch Return Policy
(Exhibit F) and complete the Return Material Authorization (RMA) form included
with each shipment and request an RMA number from EarthWatch prior to the return
of any Products to EarthWatch. Upon the issuance of an RMA, Reseller shall place
the product and the completed and signed RMA inside a shipping container and
clearly mark the RMA number on the outside of the container. Reseller shall
include a copy of any End User's and/or Subreseller's return form in the
shipping container.

          6.2.10  Reseller shall not pass through to its Subresellers or End
Users or any other third party the warranties made by EarthWatch under this
Article 6, except those warranties specified in the EULA current at the time of
order.

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Reseller shall not make any other representation to its Subresellers or End
Users on behalf of EarthWatch.

     6.3  Exclusive Remedy. The remedy stated in this Article 6 constitutes the
sole and exclusive remedy of Reseller and Subreseller for any defect in the
media or nonconformity in the Products. The remedy stated in the then current
EULA constitutes the sole and exclusive remedy of any End User for any defect in
the media or nonconformity in the Products.

                                   Article 7

                               Freedom Of Action

     7.1  Relationship of the Parties. The relationship of EarthWatch and
Reseller established by this Agreement is of licensor and licensee, each to
constitute an independent contractor. Nothing in this Agreement shall be
construed to give either party the power to direct or control the daily
activities of the other party, or to constitute the parties in any way as
principal and agent, partners, co-venturers, co-owners, or otherwise as
participants in a joint undertaking. EarthWatch and Reseller understand and
agree that, except as specifically provided in this Agreement, EarthWatch does
not grant Reseller the power or authority to make or give any agreement,
statement, representation, warranty, or other commitment on behalf of
EarthWatch, or to enter into any contract or otherwise incur any liability or
obligation, express or implied, on behalf of EarthWatch, or to transfer,
release, or waive any right, title, or interest of EarthWatch.

     7.2  Equitable Dealing. Reseller shall treat Subresellers and End Users
equitably and shall not discriminate unlawfully among them in prices, terms,
allowances, services, or any other manner.

     7.3  EarthWatch Determination of Product Content. EarthWatch reserves the
right at any time without liability or prior notice to (1) determine the
contents of each Product, including its specifications, features, and functions,
as well as any documentation or related materials; (2) discontinue distribution
of any or all Products in some or all markets or through some or all channels of
distribuiion; (3) change or terminate any of the specifications, features, or
functions of the Products; or (4) change or terminate the level or type of
support or service that EarthWatch makes available for each Product. Changes to
EarthWatch Product offerings will be communicated in the EarthWatch distributor
worldwide web site as well as the product guide referenced in Article 4.1.

     7.4  Nonexclusivity. EarthWatch retains the right to market, distribute,
and support the Products in the Territory directly to or through any person or
entity on any terms deemed desirable by EarthWatch in its sole discretion.

                                   Article 8

            Trademarks, Copyright and Intellectual Property Rights

     8.1  Trademarks. EarthWatch and its third party suppliers shall retain sole
ownership of the Trademarks outlined in the EarthWatch Distributor Handbook.
Subject to Reseller's compliance with EarthWatch's standard advertising policies
and this Agreement, EarthWatch hereby grants to Reseller the right to use and
display the Trademarks solely to the extent reasonably necessary for the
marketing, distribution, and support of the Products within the Territory in
accordance with the EarthWatch Distributor Handbook guidelines. Reseller shall
market, distribute, and support the Products only under the Trademarks, and not
any other trademark or logo.

     8.2  Copyright Legend. Each EarthWatch Product delivered by Reseller,
including those that are derived from EarthWatch Products, shall have the
following copyright notice: "(C)19 EarthWatch Incorporated, Longmont,
Colorado."

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     8.3  Notification. Reseller shall promptly notify EarthWatch of (1) any
claim, allegation, or notification that EarthWatch's marketing, licensing,
support, or service of the Products may or will infringe the intellectual
property rights of any other person or entity; and (2) any determination,
discovery, or notification that any person or entity is or may be infringing the
intellectual property rights of EarthWatch.

     8.4  Infringement.

     8.5.5  If notified promptly in writing of and given sole control of the
defense and all related negotiations and settlements, EarthWatch shall defend
Reseller against any claim based on an allegation that a Product supplied
hereunder infringes any U.S. Intellectual Property Rights. EarthWatch shall pay
any resulting costs, damages, and attorney fees finally awarded by a court with
respect to any such claims.

     8.5.6  Notwithstanding any other provision of this Section 8.8, EarthWatch
shall not be liable to Reseller for any claim arising from or based upon the
combination, operation, or use of any Product with equipment, data, or
programming not supplied by EarthWatch, or arising from any alteration or
modification of Products.

     8.5.7  EarthWatch shall have no obligation to Reseller with respect to any
infringement involving or concerning the Products except as stated in this
Section 8.5.

                                   Article 9

                  Treatment of Confidential Proprietary Data

     9.1  Confidential Proprietary Data. During the course of performance of
this Agreement, either party may disclose certain Confidential Proprietary Data.
Recipient Party shall use its best efforts to maintain the secrecy of all such
Confidential Information, and not use, disclose, or otherwise exploit any
Confidential Proprietary Data for any purpose not specifically authorized by the
providing Party. All trade secrets, files, lists, records, documents, drawings,
specifications, equipment, and computer programs that incorporate or refer to
any Confidential Information shall be returned or destroyed promptly upon
termination of this Agreement. Confidential Proprietary Data may be disclosed
either visually, orally, electronically, or in writing. When disclosed in
writing or electronically, the Confidential Proprietary Data will be identified
as "(Name of Providing Party)'s Confidential Proprietary Data." When disclosed
orally or visually, such Confidential Proprietary Data shall be identified as
Confidential Proprietary Data at the time of the oral or visual disclosure. The
recipient Party shall upon request of the providing Party provide a signed,
dated receipt for Confidential Proprietary Data transmitted to it by the
providing Party under terms of this Agreement.

     9.2  Limitation On Use Of Proprietary Data - All rights to Confidential
Proprietary Data exchanged pursuant to this Agreement are reserved by the
providing Party; the recipient Party shall not use such Confidential Proprietary
Data disclosed to it by the providing Party to benefit itself or others, except
for the purpose of its own internal evaluation pertaining to uses directly
related to its business relationship with the providing Party, as contemplated
in the recitals of this Agreement, and will not disclose such Confidential
Proprietary Data to other parties unless and until expressly authorized in
writing to do so by the providing Party. It is further agreed that should this
Agreement have been terminated or shall have expired, the recipient Party shall
keep in confidence, not use for its own benefit and prevent the disclosure to
any person, firm or corporation or persons outside of its own organization or to
any unauthorized person or persons all Confidential Proprietary Data, identified
by the providing Party, which is received by the recipient Party pursuant to
this Agreement. It is further agreed that recipient Party shall not be liable
for disclosure or use of any Confidential Proprietary Data: (i) if it was in the
public domain at the time it was disclosed or falls within the public domain,
except through a breach of this Agreement; (ii) if it was known to recipient
Party either prior to or at the time of disclosure and such knowledge

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can be proved with clear and convincing documentary evidence; (iii) if it was
disclosed after written approval of the providing Party of such disclosure; (iv)
if it becomes known to the recipient Party from a source other than the
providing Party without breach of this Agreement by the recipient Party; (v) if
it was independently developed by the recipient Party subsequent to its
disclosure by the providing Party and without the benefit of Confidential
Proprietary Data received from the providing Party and such subsequent and
independent development can be proved with clear and convincing evidence; (vi)
which occurs after three years from the expiration date of this Agreement; or
(vii) if it was inadvertently or accidentally disclosed despite the exercise of
a high degree of care by the recipient Party. Provided, however, that if only a
portion of any Confidential Proprietary Data falls within any one of the
disclosure situations contemplated by the foregoing seven exceptions, the
remainder of the associated Confidential Proprietary Data shall continue to be
subject to this Agreement.

     9.3  Protection Of Proprietary Data - The recipient Party shall exercise a
high degree of care to prevent the improper or unauthorized disclosure of
Confidential Proprietary Data which recipient Party has received from the
providing Party. The recipient Party shall limit dissemination of such
Confidential Proprietary Data to those persons within its organization who have
a need to know in order to fulfill the purposes of its business relationship
with the providing Party and shall compartmentalize internal dissemination so
that no persons within itself or any of its affiliates shall be placed in a
position of conflict of interest with regard to the business relationship
between the Parties. The recipient Party warrants that its employees receiving
the providing Party's Confidential Proprietary Data will have been instructed as
may be required to enable the recipient Party to fulfill its obligations under
this Agreement.

     9.4  Return Of Proprietary Data - All Confidential Proprietary Data and
copies thereof furnished shall remain the property of the providing Party and
shall be returned to the providing Party within thirty (30) days of receipt of a
written request by the providing Party for the return of such Confidential
Proprietary Data.

                                  Article 10

                             Term And Termination

     10.1  Term. This Agreement shall become effective on the date of execution
by the parties hereto, and remain in full force and effect until terminated in
accordance with the provisions hereof.

     10.2  Voluntary Termination at Will. Reseller or EarthWatch may terminate
this Agreement at will, at any time, with or without cause, by written notice
given to the other party at least thirty (30) days prior to the effective date
of such termination.

     10.3  Termination upon Bankruptcy Dissolution. Effective immediately and
without any requirement of notice, either party may, at its option, terminate
this Agreement and/or suspend its performance in the event that (1) the other
party files a petition of bankruptcy, files a petition seeking any
reorganization, arrangement, composition, or similar relief under any law
regarding insolvency or relief for debtors, or (2) the other party adopts a
resolution for discontinuance of its business or for dissolution.

     10.4  Consequences and Survival. Upon termination of this Agreement,
Reseller may be requested to return its existing inventories of Products, and
Reseller shall otherwise discontinue all further promotion, marketing, and
support of the Products. Without limiting the generality of the foregoing,
Reseller shall cease all display, advertising, and use of all EarthWatch names,
trademarks, logos, and designations. Upon termination of this Agreement, the due
date of all outstanding invoices for the Products shall automatically be
accelerated and all such invoices shall become immediately due and payable. All
orders or portions thereof remaining unshipped as of the effective date of
termination may be canceled by EarthWatch, at its option. Notwithstanding any
termination of this Agreement, the provisions of Sections 3.7, 3.8, 4.3, and 6
through 10 shall survive.

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                                  Article 11

                              General Provisions

     11.1  Modifications, Amendments, and Waivers. This Agreement may not be
modified or amended except by an instrument in writing signed by duly authorized
officers of both of the parties hereto.

     11.2  Compliance with Law. Reseller shall comply with all applicable
federal, state, and local laws and regulations in performing its duties
hereunder and in any of its dealings with respect to the Products.

     11.3  Records. Reseller shall maintain for at least three (3) years from
the date of creation all records, contracts, and accounts relating to the
distribution of Products, and shall permit examination thereof by authorized
representatives of EarthWatch at all reasonable times and at EarthWatch's
expense in order that EarthWatch may verify compliance by Reseller with its
obligations under this Agreement.

     11.4  Severability. In the event that any provision hereof is found invalid
or unenforceable pursuant to judicial decree or decision, the remainder of this
Agreement shall remain valid and enforceable according to its terms. WITHOUT
LIMITING THE FOREGOING, IT IS EXPRESSLY UNDERSTOOD AND AGREED THAT EACH AND
EVERY PROVISION OF THIS AGREEMENT THAT PROVIDES FOR A LIMITATION OF LIABILITY,
DISCLAIMER OF WARRANTIES, OR EXCLUSION OF DAMAGES IS INTENDED BY THE PARTIES TO
BE SEVERABLE AND INDEPENDENT OF ANY OTHER PROVISION AND TO BE ENFORCED AS SUCH.
FURTHER, IT IS EXPRESSLY UNDERSTOOD AND AGREED THAT IN THE EVENT ANY REMEDY
HEREUNDER IS DETERMINED TO HAVE FAILED OF ITS ESSENTIAL PURPOSE, ALL OTHER
LIMITATIONS OF LIABILITY AND EXCLUSION OF DAMAGES SET FORTH HEREIN SHALL REMAIN
IN FULL FORCE AND EFFECT.

     11.5  Assignment. Reseller is granted distribution rights hereunder because
of the commitments and representations Reseller is making in this Agreement, and
further because of EarthWatch's confidence in Reseller, which confidence is
personal in nature. This Agreement shall not be assignable by either party,
whether by merger, acquisition, operation of law or other event, and Reseller
may not delegate its duties hereunder without the prior written consent of
EarthWatch.

     11.6  Arbitration and Governing Law. If a dispute arises between the
parties relating to the interpretation or performance of this Agreement or the
grounds for the termination thereof, the parties agree to hold a meeting,
attended by individuals with decision-making authority regarding the dispute, to
attempt in good faith to negotiate a resolution of the dispute prior to pursuing
other available remedies. If, within thirty (30) days after such meeting a
dispute still exists, it shall be settled through binding arbitration in Denver,
Colorado. Such arbitration shall be conducted by a panel of three arbitrators in
accordance with the rules of the American Arbitration Association. To the extent
practicable, the arbitrators shall be appointed from a pool of arbitrators who
have experience or expertise in the computer industry. Any award made by the
arbitration panel, however constituted, shall be final, binding and conclusive
on both parties for all purposes and judgment may be entered thereon by any
state or federal court having jurisdiction pursuant to this section. Nothing in
this section shall limit the ability of EarthWatch to pursue any legal or
equitable remedy to protect or preserve any rights EarthWatch may have arising
out of or relating to Section 8 or 9. No dispute related to or arising out of
this Agreement or any breach or default of any of the provisions of this
Agreement may be commenced more than one (1) year after breach or default is
known or should be known. This Agreement shall be construed and enforced in
accordance with the laws of the State of Colorado exclusive of any conflict of

<PAGE>

                                  Draft Copy

laws provision. The exclusive jurisdiction and venue for any lawsuit between the
parties arising out of this Agreement shall be the United States District Court
for the District of Colorado or the state courts situated in Denver, Colorado,
USA.

     11.7  Export Control. Reseller understands and recognizes that the Products
and other materials made available hereunder may be subject to the export
administration regulations of the United States Department of Commerce and other
United States Government regulations related to the export of technical data and
equipment and products produced therefrom. Reseller is familiar with and agrees
to comply with all such regulations in connection with the distribution of the
Products in the defined Territory identified in Exhibit D.

     11.8  Foreign Corrupt Practices Act. Reseller hereby agrees that Reseller
and each Subreseller shall comply with the requirements of the U.S. Foreign
Corrupt Practices Act (the "Act") and shall refrain from any payments to third
parties which would cause EarthWatch, Reseller or Subresellers to violate the
Act. Reseller hereby agrees to indemnify and hold EarthWatch harmless from any
breach of this section by Reseller or any Subreseller.

     11.9  Force Majeure. EarthWatch shall not be responsible for any failure to
perform due to unforeseen circumstances or to causes beyond EarthWatch's
reasonable control, including but not limited to acts of God, war, riot,
embargoes, acts of civil or military authorities, fire, floods, accidents,
strikes, or shortages of transportation, facilities, fuel, energy, labor, or
materials. In the event of any such delay, EarthWatch may defer the delivery
date for a period equal to the time of such delay.

     11.10  Permits. Reseller shall take all actions (including the preparation
and filing of all requisite applications, certificates and the like) required by
law with respect to, and shall use their best efforts to obtain, any and all
required non-U.S. Government authorizations, including without limitation any
import licenses and foreign exchange permits. This Agreement shall become
effective at the moment that all necessary approvals, acceptances, other
notifications have been received or obtained from the appropriate government
authorities. Reseller shall provide reasonable evidence of compliance with
required non-U.S. Governmental authorization, registrations and the like to
EarthWatch upon request. As among the parties, EarthWatch shall not be liable if
any authorization is delayed, denied, revoked, restricted or not renewed.
Reseller shall bear all such risks and costs caused thereby.

     11.11  Government Rights. If any Product, in any form including with
alterations, is submitted in any fashion, directly or indirectly to a
governmental entity, whether in connection with a foreign or domestic government
contract or subcontract, including without limitation, Reseller's Subreseller or
End User performance of any government contracts or subcontracts, it shall be
provided with Restricted Rights only. Reseller shall ensure that the government
entity receives nothing more than the right to use the Products pursuant to an
executed EULA. Reseller shall inform any government entity or prime contractor
with which it is contracting exactly how it intends to use the Products in
connection with its government contracts, that such products are proprietary to
EarthWatch and Reseller has no right to grant to the government entity or prime
contractor any rights in the Products. Use, duplication or disclosure by any
government entity is subject to the restrictions contained in subparagraph
(c)(1)(ii) of the Rights in Technical Data and Computer Software Clause
contained in D.F.A.R.S. 252.227-7013, subparagraphs (c)(1) and (2) of the
Commercial Computer Software-Restricted Rights contained in 48 C.F.R. 52.227-19
and D.F.A.R.S. 227.7202. Contractor/manufacturer is EarthWatch Incorporated at
the address set forth below. The Products are copyright @ [DATE] by EarthWatch.
UNPUBLISHED. ALL RIGHTS RESERVED UNDER THE COPYRIGHT LAWS OF THE UNITED STATES.
Reseller is responsible for ensuring that any products that are submitted to a
government entity are

<PAGE>

                                  Draft Copy

submitted with the appropriate Restricted Rights legend. For purpose of any
public disclosure provision under any federal, state or local law, it is agreed
that these products are trade secret and proprietary commercial products and not
subject to disclosure.

     11.12  Notices. Unless otherwise specifically provided, all notices
required or permitted by this Agreement shall be in writing and may be delivered
personally, or may be sent by facsimile or certified mail, return receipt
requested, to the following addresses, unless the parties are subsequently
notified of any change of address in accordance with this Section:

If to Reseller:                        If to EarthWatch:
Reseller                               EarthWatch, Incorporated
Address:                               1900 Pike Road
                                       Longmont, CO 80501
------------------------------------                      --------------------

Attention:                             Attention:
           -------------------------              ----------------------------
Facsimile:                             Facsimile: (303)682-3848
           -------------------------                            --------------

Any notice shall be deemed to have been received as follows: (1) by personal
delivery, upon receipt; (2) by facsimile, one (1) business day after
transmission or dispatch; (3) by certified mail, upon receipt. If notice is sent
by facsimile, a confirming copy of the same shall be sent by mail to the same
address.

     11.13  Counterparts. This Agreement may be executed in two or more
Counterparts, each of which shall be deemed an original, and all of which
together shall constitute one and the same instrument.

     11.14  Entire Agreement. This Agreement constitutes the entire
understanding and contract between the parties and supersedes any and all prior
and contemporaneous, oral or written representations, communications,
understandings, and agreements between the parties with respect to the subject
matter hereof. The parties acknowledge and agree that neither of the parties is
entering into this Agreement on the basis of any representations or promises not
expressly contained herein.

  In Witness Whereof, the parties hereto have executed this Agreement on the
  dates specified below.

Reseller                               EarthWatch Incorporated

Signature:                             Signature:
          --------------------------             ---------------------------
Print Name:                            Print Name:
           -------------------------              --------------------------
Title:                                 Title:
      ------------------------------         -------------------------------
Dated:                                 Dated: August 1, 1997
      ------------------------------

<PAGE>

                                  Draft Copy
                                   Exhibit A
                   Subresellers - Authorization and Support
                            Authorized Subresellers

Reseller is authorized to sell through the following Subresellers:
1.
2.
3.
4.

If Reseller is not authorized to sell through Subresellers, this section is
intentionally left blank.

                                Specific Subresellers Support

The specific training, technical support, and other assistance appropriate for
the promotion, marketing, and distribution of the Products that will be provided
by Reseller follows:

Reseller is not authorized to distribute through Subresellers or there is no
specific support by the Reseller identified so this section is intentionally
left blank.

                        Exhibit B Omitted deliberately

<PAGE>

                                  Draft Copy
                                   Exhibit C
                         Products and Price Discounts

Products Reseller is Authorized to distribute:
1.
2.
3.
4.

Reseller Price Discount:

-------------------------------------------------------------------------------
           Product                             Price Discount
-------------------------------------------------------------------------------

-------------------------------------------------------------------------------

<PAGE>

                                   Drat Copy
                                   Exhibit D
                                   Territory

Reseller is authorized to distribute Products ln the following Territories:
1. United States as noted below
2.
3.
4.

Note - The Reseller is not authorized to distribute Products to the U.S.
Department of Defense, NASA or those agencies identified as U.S. governmental
intelligence community organizations under 50 USC 401a. The agencies so
identified include civilian agencies involved in efforts requiring security
clearances.

<PAGE>

                                  Draft Copy
                                   Exhibit E
                          Minimum Revenue Commitments

Beyond the Reseller's Duties identified in Article 3, including, but not limited
to providing the names and addresses of all Subresellers and End Users (list
minimum Reseller revenue commitments if any).

<PAGE>

                                  Draft Copy
                                   Exhibit F
                        Return Policy - August 1, 1997
               EarthWatch, Incorporated Return Policy - End Users

As provided in the End User License Agreement, EarthWatch, Incorporated
(EarthWatch) supplies with its products a limited warranty. For a period of
thirty (30) days, EarthWatch warrants that the products delivered by EarthWatch
will be those ordered and the original media EarthWatch used to carry the data
will be free from physical or material defects. THIS IS THE SOLE AND EXCLUSIVE
WARRANTY PROVIDED WITH THE PRODUCTS AND THE SOLE LIABILITY ACCEPTED BY
EARTHWATCH.

If the End User encounters either defect described above and such defect arose
under EarthWatch's control and the End User returns such defective data to
EarthWatch or the reseller from whom the End User purchased the product within
thirty (30) days following delivery, EarthWatch shall either replace the data or
refund the license fee in full.

These steps must be followed to allow EarthWatch to accept a return.
Unauthorized returns are subject to delay and possible rejection.

1.   Obtain a Return Merchandise Authorization number (RMA) by contacting an
     EarthWatch Customer Support Representative at (800) 496-1225 or (303)
     702-5561. Please be prepared to provide your name, address, phone number,
     original order number, and reason for return.

2.   When the return is authorized, the EarthWatch Customer Support
     Representative will provide an RMA number and approval for a merchandise
     pickup.

3.   Complete the RMA form on the reverse side of this page. Include details of
     why the data is being returned.

4.   Place the product and the completed and signed RNU inside a shipping
     container and clearly mark the RMA number on the outside of the container.

EXCEPT AS PROVIDED ABOVE, PRODUCTS ARE SUPPLIED WITHOUT WARRANTY OF ANY KIND,
AND ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE,
WHETHER EXPRESS OR IMPLIED, ARE EXPRESSLY EXCLUDED. THIS RETURN POLICY IS IN
ACCORDANCE WITH ARTICLE 5 OF THE END USER LICENSE AGREEMENT WHICH COVERS
WARRANTY AND WARRANTY ISSUES. PLEASE REVIEW ARTICLE 5 FOR FUTHER INFORMATION OF
THE EARTHWATCH WARRANTY LIMITATION AND DISCLAIMER.

<PAGE>

                                  Draft Copy
                                   Exhibit G

                   CURRENT END-USER LICENSE AGREEMENT (4/97)

                           EarthWatch, Incorporated
                          End User License Agreement

1.   Introduction. This is an End User License Agreement ("EULA") between
     EarthWatch Incorporated, a Delaware corporation ("EarthWatch Licensor") and
     ("User"). EarthWatch Licensor shall provide User with software, data
     products or documentation (collectively, the "Products Licensed Products").
     The Products include both EarthWatch data and data products, and data and
     data products of third parties licensed to EarthWatch for distribution.
     This EULA shall govern User's rights and obligations with respect to all
     Products Licensed Products provided by EarthWatch Licensor.

2.   Scope of License. EarthWatch Licensor grants User a limited, non-
     transferable, non-exclusive license to use the products Licensed Products
     and to develop Derivative Works of the Products licensed. Licensed
     Products, solely for internal use by User's business, by a single user at a
     single time on a single information processing machine. For purposes of
     this EULA, authorized Derivative Works include works that are based upon
     Products Licensed Products, such as a revision, modification, translation,
     abridgment, condensation, expansion, or any other form in which such
     preexisting works may be recast, transformed, or adapted. and that, if
     prepared without authorization of the owner of the copyright in such
     preexisting work, would constitute a copyright infringement. If the
     Products Licensed Products or Derivative Works are used in connection with
     the performance of any government contracts or subcontracts, then User
     shall ensure that (i) the Products Licensed Products and any Derivative
     Works thereof shall not constitute a deliverable under any government
     contracts or subcontracts; and (ii) in no event shall a government entity
     acquire any rights other than those provided in section 4. User may not
     copy an Product licensed hereunder, except that User may copy data
     contained in a Product in machine readable form into a single information
     processing machine for processing for the internal use of the User only.
     This EULA is not a license to copy, disclose, publish, sell, assign, lease,
     sublicense, market or transfer the Products Licensed Products, or any
     Derivative Work or to use the same in any manner or for any purpose not
     expressly authorized by this EULA. EarthWatch Licensor reserves all rights
     not expressly granted to User by this EULA.

3.   Protection of EarthWatch Licensor's Intellectual Property. User
     acknowledges that the Products and the data contained within the Products
     Licensed Products are proprietary to EarthWatch Licensor or its suppliers,
     and both the Products and the data contained in the Products remain the
     exclusive property of EarthWatch Licensor or its suppliers. The Products
     Licensed Products are copyrighted by EarthWatch Licensor or its suppliers,
     and unauthorized reproduction, distribution, or display of the Products
     Licensed Products or preparation of any Derivative Work of the Products in
     any manner not expressly authorized by paragraph 2 above is prohibited.
     User may be held legally responsible for any copyright infringement that is
     caused or encouraged by User's failure to abide by the terms of this EULA.
     User shall take all other feasible steps to protect the Products Licensed
     Products from misappropriation or misuse, unauthorized duplication or
     distribution and shall notify EarthWatch Licensor immediately if User
     learns of any use of the Products Licensed Products by anyone in any manner
     not expressly authorized by this EULA.

4.   Protection of EarthWatch's Trade Secrets. User acknowledges that the
     Products and the data contained in the Products are or contain trade
     secrets of EarthWatch or its suppliers and User agrees to take reasonable
     measures to protect the trade secret status of the data and the Products.

5.   U.S. Government Restricted Rights. The Products Licensed Products are
     provided with Restricted Rights. Use, duplication or disclosure by any
     government entity is subject to the restrictions contained in subparagraph
     (c)(1)(ii) of the Rights in Technical Data and Computer Software Clause
     contained in D.F.A.R.S. 252.227-7013, subparagraphs (c)(1) and (2) of the
     Commercial Computer Software-Restricted Rights contained in 48 C.F.R.
     52.227-19 and D.F.A.R.S. 227.7202. Contractor/manufacturer is EarthWatch
     Incorporated at the address set forth below. For purpose of any public
     disclosure provision under any federal, state or local law, it is agreed
     that the Products Licensed Products are trade secrets and proprietary
     commercial products and not subject to disclosure.

6.   Limitation and Disclaimer of Warranty. EarthWatch supplies its products
     with a limited warranty. For a period of thirty (30) days, EarthWatch
     warrants that the data delivered will be that data ordered and the media
     used to carry the data will be free from physical or material defects. WITH
     THE EXCEPTION OF THE PRECEDING WARRANTY, THE PRODUCTSLICENSED PRODUCTS, AS
     WELL AS THE MEDIA UPON WHICH THE LICENSED PRODUCTS ARE PROVIDED TO USER,
     ARE PROVIDED "AS-IS" WITHOUT WARRANTY OF ANY KIND, AND ALL WARRANTIES OF
     MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE ARE EXPRESSLY
     EXCLUDED. EARTHWATCHLICENSOR DOES NOT

<PAGE>

                                  Draft Copy

     WARRANT THAT THE PRODUCTSLICENSED PRODUCTS WILL MEET USER'S NEEDS OR
     EXPECTATIONS OR THAT OPERATIONS OF THE PRODUCTSLICENSED PRODUCTS WILL BE
     ERROR FREE OR UNINTERRUPTED. EARTHWATCHLICENSOR'S SOLE LIABILITY SHALL BE
     TO REPLACE THE MEDIA IN THE EVENT THE MEDIA ITSELF, AS OPPOSED TO THE
     SOFTWARE OR DATA ENCODED THEREON, IS DEFECTIVE AND USER RETURNS SUCH
     DEFECTIVE MEDIA TO EARTHWATCHLICENSOR WITHIN THIRTY (30) DAYS FOLLOWING
     DELIVERY. NO ORAL OR WRITTEN ADVICE OR INFORMATION PROVIDED BY
     EARTHWATCHLICENSOR OR ANY OF ITS AGENTS OR EMPLOYEES SHALL CREATE A
     WARRANTY OR IN ANY WAY INCREASE THE SCOPE OF THIS LIMITED WARRANTY, AND
     USER IS NOT ENTITLED TO RELY ON ANY SUCH ADVICE OR INFORMATION.

     IN NO EVENT SHALL EARTHWATCHLICENSOR BE LIABLE FOR ANY CLAIM OR LOSS
     INCURRED BY USER (INCLUDING WITHOUT LIMITATION COMPENSATORY, INCIDENTAL,
     INDIRECT. SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, OR OTHER DAMAGES
     RESULTING FROM THE USE OR INABILITY TO USE PRODUCTSLICENSED PRODUCTS)
     IRRESPECTIVE OF WHETHER EARTHWATCHLICENSOR HAS BEEN INFORMED, KNEW, OR
     SHOULD HAVE KNOWN OF THE LIKELIHOOD OF SUCH DAMAGES. THIS LIMITATION
     APPLIES TO ALL CAUSES OF ACTION IN THE AGGREGATE, INCLUDING WITHOUT
     LIMITATION BREACH OF CONTRACT OR WARRANTY, NEGLIGENCE, STRICT LIABILITY,
     MISREPRESENTATION AND OTHER TORTS. IF EARTHWATCHLICENSOR'S LIMITATION OF
     LIABILITY SET FORTH IN THIS AGREEMENT SHALL FOR ANY REASON BE HELD
     UNENFORCEABLE OR INAPPLICABLE. USER AGREES THAT EARTHWATCHLICENSOR'S
     LIABILITY SHALL NOT EXCEED FIFTY PERCENT (50%) OF THE LICENSE FEES PAID BY
     USER TO EARTHWATCHLICENSOR WITH RESPECT TO THE PRODUCTSLICENSED PRODUCTS
     UNITS AT ISSUE.

7.   Indemnification for Infringement. EarthWatch Licensor shall defend (or in
     EarthWatch Licensor's discretion, settle) at its own expense any claim
     asserted against User that the Products Licensed Products infringe any
     United States patents, or any copyrights, trade secrets or other
     intellectual property rights of any third party. User shall notify
     EarthWatch Licensor in writing of such claim within ten (10) days of
     learning of such claim. EarthWatch Licensor shall have the sole right to
     control the defense and negotiation of all such claims, and User shall
     fully cooperate in EarthWatch Licensor's defense of all such claims. In no
     event shall User either litigate or settle any such claim without
     EarthWatch Licensor's prior written approval. If, as a result of any claim,
     User is enjoined from using the Products Licensed Products, or EarthWatch
     Licensor believes that any such claim may be asserted, EarthWatch Licensor
     may at its expense procure the right for User to continue to use the
     Products Licensed Products. replace or modify the Products Licensed
     Products so as to make them non-infringing, or terminate this EULA and
     refund the fees previously paid by User for the use of the affected
     Products Licensed Products. EarthWatch Licensor shall not have any
     liability under this Section if such a claim of infringement is based in
     whole or in part upon the use of the Products Licensed Products in
     combination with other products not furnished or made by EarthWatch
     Licensor, the use of the Products Licensed Products in practicing any
     infringing process, the modification of the Products Licensed Products
     (including the creation of any Derivative Works) or any portion thereof, or
     application or use of the Products Licensed Products in a manner for which
     they were not designed or specified by EarthWatch Licensor. This Section
     states the entire and exclusive obligation of EarthWatch Licensor to User
     for any claim or infringement relating to the Products Licensed Products.

8.   Indemnification for Use. User shall indemnify and hold harmless EarthWatch
     Licensor against all loss, damages, claims, expenses or attorney's fees
     which may be sustained or asserted against EarthWatch Licensor arising from
     or connected with any breach by User of any provision of this EULA or any
     claim that User's use of a Product infringes the proprietary rights of any
     third party.

9.   Effective Date, Expiration, Renewal and Termination. This EULA shall become
     effective on the date on which it is signed by an authorized representative
     of EarthWatch Licensor and shall continue in force until terminated as
     provided herein. This EULA may be terminated by User upon written notice to
     EarthWatch Licensor. Further, this EULA may be terminated by EarthWatch
     Licensor or User for a breach of any provision provided that thirty (30)
     days notice of breach is provided and the breach has not been fully cured
     within thirty (30) days after mailing of such notice. Notwithstanding the
     foregoing, EarthWatch Licensor may, in addition to any other remedies it
     may have, at its option terminate this EULA immediately and without notice
     if EarthWatch Licensor determines that User has violated any of the
     provisions of this EULA. Immediately upon expiration or termination of this
     EULA, User shall deliver to EarthWatch Licensor all copies of all or any
     portion of the Products Licensed Products covered by this or any other
     EULA, which are in its possession, custody or control, and notify
     EarthWatch Licensor of the existence and identity of any custodian of any
     copy of any portion of the Products Licensed Products not in User's
     possession, custody or control but obtained or derived directly or
     indirectly from User.

10.  DISPUTES, ARBITRATION AND GOVERNING LAW. Any dispute arising out of or
     relating to this EULA, or the interpretation, breach or enforcement of it,
     shall be settled through binding arbitration in Denver, Colorado. Such
     arbitration shall be conducted by a panel of three arbitrators in
     accordance with the rules of the American

<PAGE>

                                    Draft Copy

     Arbitration Association. To the extent practicable, the arbitrators shall
     be appointed from a pool of arbitrators who have experience or expertise in
     the computer industry. Any award made by the arbitration panel, however
     constituted, shall be final, binding and conclusive on both parties for all
     purposes and judgment may be entered thereon by any state or federal court
     having jurisdiction pursuant to this Section. Nothing in this section or
     EULA shall limit the ability of EarthWatch Licensor to pursue any legal or
     equitable remedy to protect or preserve any rights EarthWatch Licensor may
     have arising out of or relating to Sections 2 or 3. This EULA shall be
     construed and enforced in accordance with the laws of the State of Colorado
     not withstanding the conflict of laws provisions governed by federal and
     Colorado law applicable to contracts entered into in Colorado. The
     exclusive jurisdiction and venue for any lawsuit between the parties
     arising out of this EULA shall be the United States District Court for the
     District of Colorado or the state courts situated in Denver, Colorado, USA.
     No dispute related to or arising out of this EULA or any breach or default
     of any of the provisions of this EULA may be commenced more than one (1)
     year after the occurrence of any such breach or default.

11.  MISCELLANEOUS. (a) User shall be responsible for obtaining any and all
     required governmental authorizations, including without limitation, any
     export or import licenses and foreign exchange permits. EarthWatch Licensor
     shall not be liable if any authorization is delayed, denied, revoked,
     restricted or not renewed: User shall bear all such risks and costs caused
     thereby. User shall be responsible for payment of all taxes, fees,
     assessments or levies on the Products Licensed Products, or arising out of
     or imposed by reason of this EULA, except for any tax based on EarthWatch
     Licensor's annual net income.

     a.   This EULA constitutes the complete and exclusive agreement between
          EarthWatch Licensor and User relating to its subject matter. This EULA
          supersedes all prior and contemporaneous representations,
          correspondence, proposals or agreements relating to its subject
          matter, whether oral or written. This EULA may be modified only by a
          written amendment signed by both EarthWatch Licensor and User. If any
          provision is determined to be invalid or unenforceable, the remaining
          provisions of this EULA shall continue to be valid and enforceable.
          Neither this EULA nor any of the rights granted by it may be assigned
          or transferred by User without the prior written consent of EarthWatch
          Licensor. This restriction on assignments or transfers shall apply to
          assignments or transfers by operation of law, as well as by contract,
          merger or consolidation. Any attempted assignment or transfer in
          derogation of this prohibition is void.

     b.   Sections 3, 4, 5, 6, 7, 8, 10 and 11(a) shall survive expiration or
          termination of this EULA.

     c.   Any notice provided pursuant to this EULA shall be delivered by hand,
          first class mail. facsimile or overnight courier, and sent to the
          address of the party specified below. EarthWatch Licensor and User
          agree that facsimile copies of this EULA and notices shall be deemed
          effective.

Acknowledged and agreed:

Company Name                           EarthWatch, Incorporated
Address                                1900 Pike Road
                                       Longmont, Colorado 80501
Phone Number                           (303) 682-3800

By:                                    By:
   -------------------------------        -------------------------------

Name:                                  Name:
     -----------------------------          -----------------------------

Title:                                 Title:
      ----------------------------           ----------------------------

Date:                                  Date:
     -----------------------------          -----------------------------<PAGE>

                                                                   Exhibit 10.10
                                                                   -------------

                           LAUNCH SERVICES AGREEMENT

                                    BETWEEN

                            EARTHWATCH INCORPORATED

                                      AND

                           UNITED START CORPORATION

                               FOR THE LAUNCH OF
                      EARTHWATCH REMOTE SENSING SPACECRAFT

                                  JUNE 7,1999

<PAGE>

                                                       Launch Services Agreement
                                                      EarthWatch to United Start
                                                                       7-June-99

ARTICLE 1:  DEFINITIONS........................................................1
ARTICLE 2:  SERVICES TO BE PROVIDED BY PROVIDER AND SUBCONTRACTOR..............4
ARTICLE 3:  CUSTOMER'S RESPONSIBILITIES........................................5
ARTICLE 4:  LAUNCH SERVICES SCHEDULE...........................................5
ARTICLE 5:  PRICES.............................................................6
ARTICLE 6:  PAYMENT TERMS......................................................7
ARTICLE 7:  LAUNCH SCHEDULE ADJUSTMENTS........................................8
ARTICLE 8:  RIGHTS OF OWNERSHIP AND CUSTODY...................................10
ARTICLE 9:  LAUNCH SUCCESS AND LAUNCH FAILURE.................................11
ARTICLE 10: REPLACEMENT LAUNCH................................................11
ARTICLE 11: EXCUSABLE DELAY...................................................13
ARTICLE 12: THIRD PARTY LIABILITY INSURANCE...................................13
ARTICLE 13: INSURANCE SUPPORT.................................................14
ARTICLE 14: ALLOCATION OF RISKS...............................................14
ARTICLE 15: RIGHTS TO INTELLECTUAL PROPERTY...................................17
ARTICLE 16: LICENSES, PERMITS AND APPROVALS...................................17
ARTICLE 17: CONFIDENTIAL DATA.................................................19
ARTICLE 18: TERMINATION.......................................................21
ARTICLE 19: NOTICES AND LANGUAGE..............................................23
ARTICLE 20: COORDINATION AND COMMUNICATIONS...................................24
ARTICLE 21: AMENDMENTS........................................................25
ARTICLE 22: ASSIGNMENT........................................................25
ARTICLE 23: SETTLEMENT OF DISPUTES............................................25
ARTICLE 24: APPLICABLE LAW....................................................26
ARTICLE 25: WAIVER OF BREACH..................................................27
ARTICLE 26: ENTIRE AGREEMENT..................................................27
ARTICLE 27: PUBLIC RELEASE OF INFORMATION.....................................27

                                       i
<PAGE>

                                                       Launch Services Agreement
                                                      EarthWatch to United Start
                                                                       7-June-99

ARTICLE 28: PROVIDER/SUBCONTRACTOR ASSISTANCE REGARDING TECHNICAL
SECURITY......................................................................27
ARTICLE 29: ACCESS TO WORK IN PROGRESS AND DATA...............................29
ARTICLE 30: ORDER OF PRECEDENCE...............................................29
ARTICLE 31: GENERAL...........................................................30
ARTICLE 32: EFFECTIVE DATE....................................................30
ARTICLE 33: MILESTONE EVENTS..................................................30
ARTICLE 34: EFFECTIVITY OF AGREEMENT..........................................32

                                       ii

<PAGE>

                                                       Launch Services Agreement
                                                      EarthWatch to United Start
                                                                       7-June-99

                           LAUNCH SERVICES AGREEMENT

This Launch Services Agreement (the "LSA") is made and entered into this ___ day
of ______________ by and between United Start Corporation (hereinafter referred
to as "PROVIDER" and/or "GENERAL CONTRACTOR"), a corporation duly organized and
validly existing under the laws of the Delaware, having its principal place of
business at 475 Highland Drive, Madison, AL 35758, and EarthWatch Incorporated,
a corporation duly organized and validly existing under the laws of Delaware,
having its principal place of business at 1900 Pike Road, Longmont, CO 80501,
USA ("CUSTOMER").

WHEREAS PROVIDER, serving in the role of GENERAL CONTRACTOR for the requested
launch service, will subcontract the performance of most elements of this Launch
Services Agreement to Puskovie Uslugi ("SUBCONTRACTOR"), a corporation duly
organized and validly existing under the laws of Russia, having its principal
place of business at 10/1 Beryozovaya alleya, Moscow, 127276, Russia; and

WHEREAS CUSTOMER has requested that PROVIDER launch CUSTOMER's remote sensing
spacecraft using a SUBCONTRACTOR's launch vehicle; and

WHEREAS CUSTOMER and PROVIDER wish to set forth their agreement for the
provision of launch and associated services by PROVIDER in accordance with the
terms and conditions of this LSA;

NOW, THEREFORE, the Parties agree as follows:

Article 1: Definitions

In this LSA, capitalized terms used and not otherwise defined herein shall have
the following meanings, such terms being equally applicable to the singular and
plural forms:

Agents for Spacecraft and Launch Support: CUSTOMER may choose to designate one
or more Agents for Spacecraft and/or Launch Support, intended to provide
spacecraft integration services and related launch site services generally
stipulated by US policy, licensing and other rules. The task to be performed by
such an Agent shall be other than those identified in the SOW of this LSA. The
involvement of the Agent(s) will not relieve PROVIDER from the responsibility to
perform all the tasks identified in this LSA.

Ancillary Equipment: all equipment, devices and software specified by written
agreement to be provided by CUSTOMER at the Launch Site in order to prepare the
CUSTOMER Spacecraft for the performance of Launch Services.

Archival Data: Image data of the territory of Russia or the Commonwealth of
Independent States that was previously taken by a QuickBird spacecraft and
exists in the EarthWatch data archive in Longmont, Colorado.

                                       1
<PAGE>

                                                       Launch Services Agreement
                                                      EarthWatch to United Start
                                                                       7-June-99

Associated Services: the services other than Launch Services, to be provided by
PROVIDER as specified in Article 2 and in the Statement of Work, Exhibit A
hereto.

Confidential Data: as defined in Paragraph 17.1 of this LSA.

CUSTOMER Spacecraft: all property, including the spacecraft, as described in the
Statement of Work, Exhibit A hereto, to be flown aboard the Launch Vehicle (in a
Launch, in a Replacement Launch or in a Option Launch), that is provided by
CUSTOMER

Deliverables; Launch services, associated material, and/or documentation as
required by Exhibit A, Statement of Work, provided to the CUSTOMER under this
agreement. The Launch Vehicle is not a deliverable.

Due Date: The date indicated in Exhibit B, Payment Schedules, expressed as: (1)
a date within a specified number of days from the Effective Date of this LSA,
(2) a date within a specified number of days from the satisfactory completion of
a Milestone Event, or (3) the date of the later of (1) or (2).

Effective Date: as defined in Article 32 of this LSA.

Establishment Date: as defined in Article 4.5 of this LSA.

Excusable Delay: as defined in Paragraph 11.1 of this LSA.

Intellectual Property: any inventions, software, designs, patents, trademarks,
registered designs, copyrights, trade secrets and other proprietary data or
information of a Party.

Interface Control Document: as defined in the Statement of Work.

Launch: reference Exhibit D.

Launch Attempt: reference Exhibit D.

Launch Day: reference Exhibit D.

Launch Failure: reference Exhibit D.

Launch Period: reference Exhibit D.

Launch Services: reference Exhibit D.

Launch Site: reference Exhibit D.

Launch Success: reference Exhibit D.

Launch Technical Specification: reference Exhibit D.

Launch Time: reference Exhibit D.

Launch Vehicle: reference Exhibit D.

Launch Window: reference Exhibit D.

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Lift-off: reference Exhibit D.

Milestone Event: A task of sufficient importance and accomplishment that it
warrants the establishment of an earned value as specified in Exhibit B of this
LSA. The procedures by which CUSTOMER verifies the completion of Milestone
Events are specified in Articles 29 and 33 of this LSA

Missile Technology Control Regime: the Policy Statement between the United
States, United Kingdom, the Federal Republic of Germany, France, Italy, Canada,
and Japan, announced on April 16, 1987 and as defined by the United States
Department of State, International Traffic in Arms Regulations, 22 C.F.R. (S)
120.29.

Nominal Lifetime: 5 years from Successful Launch.

On-Orbit Spacecraft Failure: Any failure, occurring either singularly or in the
aggregate, in accordance with Article 9, resulting in a reduction of at least
twenty percent (20%) of the Nominal Lifetime or of the functionality of a
CUSTOMER Spacecraft or any of its systems or subsystems within twelve (12)
months after the Successful Launch of that spacecraft shall be deemed to be an
On-Orbit Spacecraft Failure.

Party: CUSTOMER or PROVIDER, according to the context in which the term is used.

Spacecraft Processing Facility: the complex composed of various facilities and
equipment located at, in the vicinity of the Launch Site, or designated by
PROVIDER and acceptable to CUSTOMER as the integration area for the Launch Site
to be used by CUSTOMER for the preparation of the CUSTOMER Spacecraft for
Launch.

Related Participants: all persons, other than the Parties and any Third Parties,
in direct or indirect contractual privity with or having a beneficial interest
in either Party, acting directly or indirectly to perform this LSA, including
without limitation, SUBCONTRACTOR, the contractors, other sub-contractors at any
tier (and suppliers of any kind) and the respective officers, directors and
agents of each of the foregoing, or any of them. For only the purpose of Article
14, ALLOCATION OF RISKS, Related Participants shall include any person with any
right, title or interest in the CUSTOMER Spacecraft.

Request Date: as defined in Article 4.2 of this LSA.

Replacement Launch: a re-launch as defined in Article 10, REPLACEMENT LAUNCHES,
of this LSA.

START Treaty: includes both START I Treaty and the START II Treaty. START I is
the "Treaty Between the United States of America and the Union of Soviet
Socialist Republics on the Reduction and Limitation of Strategic Offensive
Arms," July 31, 1991, Treaty Doc. 102-20, agreed to by the Russian Federation
pursuant to the "Lisbon Protocol," May 23, 1992, United States of America, the
Russian Federation, the Republic of Belarus, the Republic of Kazakhstan, and
Ukraine. START II is the "Treaty Between the United States of America and the
Russian Federation on Further Reduction and Limitation of Strategic Offensive
Arms," January 3, 1993, Treaty Doc. 103-1, when ratified by the Russian
Government.

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Statement of Work or SOW: as set forth in Exhibit A, "Statement of Work", hereto
and made a part hereof.

Technical Data: as defined by the Department of State, International Traffic in
Arms Regulations, 22 C.F.R. (S) 120.10.

Technology Assistance Agreement: means any and all Technology Assistance
Agreements between CUSTOMER and PROVIDER and including SUBCONTRACTOR as
necessary.

Technology Transfer Control Plan: means the Technology Transfer Control Plan
required by the United States Department of State, Office of Defense Trade
Controls and agreed to by CUSTOMER and PROVIDER (including SUBCONTRACTOR if
appropriate) as a condition of any license or authorization to export the
CUSTOMER Spacecrafts to be launched by PROVIDER pursuant to this LSA, any
Ancillary Equipment or any Technical Data related to such CUSTOMER Spacecrafts
or Ancillary Equipment PROVIDER shall be solely responsible for obtaining any
such necessary agreements, licenses or authorization relating to SUBCONTRACTOR.

Third Party: any person or legal entity other than the Parties and the Related
Participants.

Article 2: Services To Be Provided

2.1  PROVIDER, in consideration for payments made by CUSTOMER under this LSA,
     and in accordance with the terms and conditions contained herein, shall
     implement the research and development work for providing Launch Services
     and Associated Services for the Launch of one CUSTOMER Spacecraft. These
     Services shall be as described in the Statement of Work, Exhibit A hereto,
     utilizing the Launch Vehicle for the purpose of launching the CUSTOMER
     Spacecraft into earth orbit from the Launch Site.

2.2  The results of the above mentioned research and development work shall be
     presented to Customer in the form of a Final Report. The Final Report shall
     be produced in English and Russian and shall be provided in paper hardcopy
     and electronic format. Right of ownership in research-engineering products
     made in the framework of the LSA is transferred to Customer upon signing
     the bilateral Acceptance Certificate.

2.3  In the event that any Launch results in a Launch Failure, or if an On-Orbit
     Spacecraft Failure occurs, PROVIDER will provide, or cause SUBCONTRACTOR to
     provide, Replacement Launches in accordance with the provisions of Article
     10, REPLACEMENT LAUNCHES, hereof.

2.4  All Data and documentation in connection with the Launch Services and
     Associated Services shall be delivered to CUSTOMER in accordance with the
     requirements specified in the Statement of Work.

2.5  CUSTOMER is provided the option for additional launches under this LSA, as
     specified in Exhibit B. CUSTOMER may elect to exercise its option for an

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     additional launch by providing written notice to PROVIDER, and by paying
     the initial payment for the launch as specified in Exhibit B.

2.6  In the event Provider is unable or unwilling to perform its obligations
     under this LSA, Customer shall have the right to require that Provider
     assign to Customer all of its rights under any and all subcontracts. Such
     subcontracts shall contain terms naming CUSTOMER as an intended third party
     beneficiary.

2.7  Provider as General Contractor will fulfill all its obligations under any
     subcontract, including the payment of funds to subcontractors as required.
     Provider shall include with its invoices to Customer a release and waiver,
     in form satisfactory to Customer, from all subcontractors, confirming
     payment by Provider for all subcontractor services as of the date of the
     invoice.

Article 3: CUSTOMER's Responsibilities

3.1  CUSTOMER shall perform its obligations under this LSA and as set forth in
     the Statement of Work, Exhibit A hereto, including reasonable efforts to
     meet the agreed schedule, and the delivery, at its expense, of the CUSTOMER
     Spacecraft and the Ancillary Equipment to the Launch Site in order to meet
     the Launch Services Schedule set forth in Article 4, LAUNCH SERVICES
     SCHEDULE and the requirements for integration specified in the Statement of
     Work, Exhibit A hereto.

3.2  CUSTOMER shall cause to have identified by documentation in the Spacecraft
     Export License or other Government document, the "peaceful, non-military
     purposes" aspect of the spacecraft data collection in accordance with the
     16 December 1994 Agreement between the Government of the Russian Federation
     and the Government of the United States of America, regarding customs
     regulations. The same type of documentation that has been provided by
     CUSTOMER to PROVIDER previously, for the launch of EarlyBird-1 on Start-1,
     shall be deemed by both parties to satisfy the requirements of this
     Paragraph 3.2.

3.3  CUSTOMER shall identify to PROVIDER any tasks that have been delegated to
     an Agent or Agents, and the authority assigned to the Agent with regards to
     mutual operations with PROVIDER and/or SUBCONTRACTOR.

Article 4: Launch Services Schedule

4.1  For each launch, PROVIDER shall provide Launch Services to CUSTOMER on a
     Launch Day, to be selected in accordance with the provisions of this
     Article 4. For a given Launch Day, the Launch Time is determined by
     PROVIDER with such information as necessary so as to satisfy the desired
     orbital parameters and so as to take place during the Launch Window.

4.2  When CUSTOMER has decided upon its desired Launch Day, it will make a
     written proposal to PROVIDER requesting that desired Launch Day. The date
     on which CUSTOMER submits this proposal shall be referred to as the
     "Request Date". PROVIDER shall respond to this request within fifteen (15)

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     days of the Request Date, providing CUSTOMER with a Launch Day in
     accordance with Paragraph 4.3 after such consultation with the
     SUBCONTRACTOR as necessary.

4.3  PROVIDER shall use its best efforts to provide a Launch Day that is as
     close to that requested by CUSTOMER as possible. PROVIDER shall consult
     with the SUBCONTRACTOR as necessary to assure a Launch Day that is as close
     to that requested by CUSTOMER as possible. In all cases, however, the
     Launch Day shall lie within the Launch Period, which begins with the
     requested Launch Day and extends until the later of: (i) one (1) month
     after the requested Launch Day; or (ii) eight (8) months after the Request
     Date.

4.4  The Launch shall take place during the Launch Window.

4.5  The date on which agreement is first reached between CUSTOMER and PROVIDER
     on a Launch Day, in accordance with the provisions of Paragraphs 4.2
     through 4.4, shall be referred to as the "Establishment Date".

Article 5: Prices

5.1  CUSTOMER shall pay PROVIDER for the Launch Services and Associated Services
     to be provided pursuant to this LSA, the firm-fixed price for each Launch
     as stated in Exhibit B including Replacement Launches as specified in
     Article 10 hereto.

5.2  The price set forth in Exhibit B for each Launch is the firm and fixed
     price for the cost of the Launch Services and the Associated Services,
     including, without limitation, the cost of the third party liability
     insurance specified in Article 12, THIRD PARTY LIABILITY INSURANCE, and all
     taxes and duties that may be imposed by the Governments of the Russian
     Federation and/or any other Republic of the Commonwealth of Independent
     States (C.I.S.) or by any local governmental authorities in the territory
     of the Russian Federation or any other Republic of the C.I.S.

5.3  The price set forth in Paragraph 5.1 does not include: (1) any amounts
     payable by CUSTOMER pursuant to Article 7, LAUNCH SCHEDULE ADJUSTMENTS; (2)
     shipping and insurance expenses for CUSTOMER equipment and personnel to and
     from Russia and within Russia, both to and from the Launch Site; (3) living
     and lodging expenses for CUSTOMER personnel within Russia with the
     exception of the personnel listed in Paragraph 3.1.4.2, SOW-3; and (4)
     certain services and supplies, including petroleum, oils and lubricants
     ("POL"), compressed gasses and other industrial consumables, which shall be
     provided on a least-cost, reimbursable basis at the Launch Site. PROVIDER
     will use its best efforts to obtain the lowest possible price for these
     services for CUSTOMER.

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Article 6: Payment Terms

6.1  The prices referred to in Article 5, PRICES, herein shall be paid by
     CUSTOMER in accordance with the progress payment schedule set forth in
     Exhibit B hereto ("Payment Schedule").

6.2  PROVIDER shall deliver to CUSTOMER an invoice for each payment as specified
     in Exhibit B on the Due Date of such payment. Following receipt of
     PROVIDER's invoice, CUSTOMER shall pay the amount due not later than the
     number of days following the Due Date that are specified in Exhibit B (some
     Due Dates are not established until satisfactory completion of the
     Milestone Event for that payment). When the Due Date follows satisfactory
     completion of a Milestone Event, verification of the successful completion
     of the Milestone Event shall be submitted with the invoice.

     Invoices for the amounts covered under Paragraph 5.3 (3) and (4) of this
     LSA shall be submitted on net 30-day terms following delivery of the
     service or consumable respectively.

6.3  With the exception of Archival Data payments as set forth in Exhibit B, all
     payments to be made to PROVIDER hereunder shall be made in U.S. Dollars by
     electronic funds transfer to the following PROVIDER account:

     Branch Banking and Trust Company
     1722 I Street NW
     Washington, D.C. 20006
     ABA #054001547
     A/C United Start Corporation
     A/C #3000092641

     Terms and conditions for Archival Data payments shall be set forth in the
     Amendment executed in accordance with Article 21, AMENDMENTS, subject to
     the criteria identified in Exhibit B.

     CUSTOMER shall not be required to transfer funds to an account or in a
     manner which would violate U.S. Law. All funds shall be considered
     "received" by PROVIDER when transferred to the bank designated by PROVIDER.

6.4  Invoices for all amounts payable to CUSTOMER under this LSA shall be
     submitted as set forth in Article 19, NOTICES AND LANGUAGE in one (1)
     original and two (2) copies to:

     EarthWatch Incorporated
     1900 Pike Road
     Longmont, CO 80501
     Attn: Accounts Payable

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6.5  All payments to be made to CUSTOMER hereunder shall be made in U.S. Dollars
     by Electronic Funds Transfer to a bank designated by CUSTOMER in writing to
     PROVIDER.

6.6  Past due payments owed by either Party shall bear interest at LIBOR rate,
     as quoted in The Wall Street Journal for six month contracts on the day
     payment is due (or, if The Wall Street Journal is not published on such
     day, on the next following day of publication). The interest for the past
     due period shall be calculated on the basis of three hundred sixty (360)
     days per year, and shall apply for the number of days past the due date for
     the payment until payment is made.

6.7  Payments made under this LSA shall not be deemed to constitute a waiver of
     any rights, either expressed or implied, that either Party may have under
     this LSA.

6.8  Payments listed in Exhibit B as "Archival Data" shall be made in the form
     of the right to issue sublicenses for the use of CUSTOMER Archival Data at
     CUSTOMER's reference price list less standard reseller discounts, subject
     to standard End User's License Agreement terms and conditions. This data
     may be licensed by PROVIDER only to native Russian governmental and
     commercial organizations for their internal use only within territory of
     Russia or the Commonwealth of Independent States. This Archival Data
     credit, unless used by PROVIDER, shall expire 2 years following the initial
     availability of CUSTOMER data from the CUSTOMER Spacecraft launched under
     this LSA.

Article 7: Launch Schedule Adjustments

7.1  Changes to the Launch Schedule for each Launch by either Party must be
     requested in writing and shall be governed by the following terms and
     conditions.

7.2  Launch Schedule Changes Requested by CUSTOMER.

     7.2.1  CUSTOMER may request a change to the Launch Day in accordance with
            the provisions of this Section 7.2. CUSTOMER will give written
            notice of any desired change in the Launch Schedule as soon as
            possible, in accordance with Article 20, COORDINATION AND
            COMMUNICATIONS, and will propose a new Launch Day. Within two (2)
            weeks of receipt of the written request for a Launch Schedule
            adjustment, PROVIDER will inform CUSTOMER whether or not such
            schedule adjustment is reasonably available, and, if not, PROVIDER
            shall propose an alternative Launch Day, subject to the requirements
            of Article 7.2.2. CUSTOMER has fifteen (15) days following receipt
            of PROVIDER's response to accept or refuse in writing. In the event
            that CUSTOMER does not agree to the proposed alternative, CUSTOMER
            shall request another Launch Day. The procedure, as described above,
            shall be followed until agreement is reached between the Parties.

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     7.2.2  PROVIDER will use its best efforts to schedule a Launch Day that is
            as close as possible to the requested Launch Day. In all cases,
            PROVIDER shall schedule a Launch Day within the limitations imposed
            by Article 4.

     7.2.3  The postponement fee for CUSTOMER-requested delays of the Launch Day
            shall be US$80,000 per month for delays in excess of ten days
            (cumulative), provided that such delays are announced at least
            thirty (30) days prior to the Launch Date. This fee shall be
            prorated on a daily basis for the portion of a delay that is less
            than one month. The postponement fee for CUSTOMER-requested delays
            of the Launch Day shall be US$7,500 per day for delays in excess of
            seven days (cumulative) that is announced less than thirty (30) days
            prior to the Launch Day. If a CUSTOMER requested delay, announced
            less than thirty days (30) prior to the planned launch, results in a
            delay of more than 60 days, the postponement fee shall revert back
            to the $80,000 per month rate until such time as the project is
            again within 30 days of the new launch date. Postponement fees shall
            be payable within thirty (30) days following receipt of an invoice
            from PROVIDER. Such invoices shall be sent after every three months
            of cumulative postponement, with a final invoice for postponement to
            be sent at the time of launch for any outstanding postponement of
            less than three months.

     7.2.4  Cumulative postponements by CUSTOMER under this Article 7 shall not
            exceed a total of twenty six (26) months for each Launch, or shall
            not extend the Launch Date past January 30, 2002, whichever is
            sooner. In the event that a single postponement or cumulative
            postponements by CUSTOMER exceed the aforementioned limit for a
            Launch, the price payable for the Launch shall be subject to
            renegotiations by the Parties.

7.3  Launch Schedule Changes Requested by PROVIDER

     7.3.1  PROVIDER may request a change to the Launch Day in accordance with
            the provisions of this clause. In case of a request for Launch
            postponement, PROVIDER shall notify CUSTOMER in writing and a new
            Launch Day will be established by mutual agreement between the
            Parties. PROVIDER will promptly provide written notice to CUSTOMER
            of any action, which will result in the postponement of a Launch.

     7.3.2  Cumulative postponements by PROVIDER under this Article shall not
            exceed a cumulative total of thirty (30) days for each Launch. In
            the event that a single postponement or cumulative postponements by
            PROVIDER exceed thirty (30) days for any one Launch, CUSTOMER shall
            have the right either (1) to terminate such Launch Service(s) in
            accordance with the provisions of Paragraph 18.4.3 of Article 18,
            TERMINATION, of this LSA, or (2) to receive a

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            postponement fee of US$7,500 per day of postponement in excess of
            fifteen (15) days, subject to a cumulative maximum of US$750,000 per
            Launch.

     7.3.3  Notwithstanding the foregoing, PROVIDER may change the established
            Launch Day by a cumulative amount of fifteen (15) calendar days
            within the established Launch Period for each Launch without fee or
            penalty.

     7.3.4  Any postponement fees or liquidated damage amount incurred by
            PROVIDER will be due CUSTOMER within thirty (30) days of the receipt
            of a CUSTOMER invoice.

7.4  In the event of a launch postponement due to an excusable delay under
     Article 11, EXCUSABLE DELAY, herein, the Launch Schedule for the postponed
     Launch shall be extended for a period of time equal to such period of
     Excusable Delay, and the limitation on cumulative postponements in
     Paragraph 7.2.4 shall also be extended for a period of time equal to such
     period of Excusable Delay, without fee or penalty.

Article 8: Rights of Ownership and Custody

8.1  Except for title to the Deliverables under this agreement, CUSTOMER hereby
     acknowledges and agrees that at no time shall it obtain title to or
     ownership of, or any other legal or equitable right or interest in any part
     of the Launch Vehicle, or in, any other tangible or intangible property or
     hardware of PROVIDER and/or SUBCONTRACTOR or their Related Participants
     including, without limitation, any Intellectual Property rights used or
     furnished in providing Launch Services and Associated Services under this
     LSA. Such property shall be considered the sole and exclusive property of
     PROVIDER or SUBCONTRACTOR. The Launch Vehicle at all times shall be subject
     to the jurisdiction and control of the Russian Federation and the Launch
     Vehicle shall at all times be under the continuous custody of
     SUBCONTRACTOR.

8.2  PROVIDER and SUBCONTRACTOR hereby acknowledge and agree that at no time
     shall they obtain title to or any ownership of, or any other legal or
     equitable right or interest in, any part of the CUSTOMER Spacecraft or the
     Ancillary Equipment, or in any other tangible or intangible property or
     hardware of CUSTOMER or its Related Participants including, without
     limitation, any Intellectual Property rights with respect to the CUSTOMER
     Spacecraft or the Ancillary Equipment. Such property shall be considered to
     be the sole and exclusive property of CUSTOMER. The CUSTOMER Spacecraft
     shall at all times be under the continuous custody of CUSTOMER.

8.3  SUBCONTRACTOR shall be authorized to destroy the Launch Vehicle and the
     Spacecraft in the event that, following Launch, such action shall prove
     necessary to avoid damage or injury to persons or property.

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Article 9: Launch Success and Launch Failure

The performance of Launch Services shall be considered either a success or a
failure in accordance with the following criteria:

9.1   Launch Success (or "Successful Launch") shall be a Launch that is not a
      Launch Failure (according to the definition of Launch Failure in Paragraph
      9.2).

9.2   Launch Failure: The performance of the Launch Services hereunder shall be
      considered to be a Launch Failure in the event that loss of or damage to
      the CUSTOMER Spacecraft is caused solely and directly by Launch Vehicle
      failure or Launch Vehicle-induced conditions more severe than those
      specified in the Statement of Work, Exhibit A hereto, specifically:

      9.2.1  The CUSTOMER Spacecraft is not placed into the orbit specified in
             the Statement of Work, or was placed there with release tip-off
             rates greater than those specified in the Statement of Work, or was
             (re) contacted by the fairing, bus, or other rocket components
             during ascent and release, or if the maneuvers performed by the bus
             are not in accordance with the Mission Analysis; or

      9.2.2  The CUSTOMER Spacecraft is exposed to shock or other mechanical,
             acoustic, or electromagnetic loads more severe than that specified
             in the SOW, as measured on the Launch Vehicle or spacecraft
             telemetry; or

      9.2.3  The time sequence for pre-launch and launch actions, including
             individual tolerances identified for each time-sensitive event, is
             not followed as in the Mission Analysis.

9.3   Corrective Actions Following Any Launch Failure: In the event of any
      failure of any launch performed by SUBCONTRACTOR (regardless of whether
      the launch was performed for CUSTOMER or for any other purpose), PROVIDER
      shall cause SUBCONTRACTOR to take all actions necessary to correct the
      cause or causes of such failure or failures as may be required by CUSTOMER
      and/or insurance underwriter acceptable to CUSTOMER. PROVIDER,
      SUBCONTRACTOR and CUSTOMER will both use their Best Efforts to determine
      the cause in the event of a Launch Failure of a CUSTOMER launch.

      In the event that the launch that failed carried a CUSTOMER Spacecraft,
      CUSTOMER shall use its best efforts in the correction of the
      aforementioned failures, to the extent that such failures are attributable
      to the spacecraft and not the launch vehicle.

Article 10: Replacement Launch

10.1  PROVIDER's and/or SUBCONTRACTOR's obligation to provide a Replacement
      Launch applies to all Launch Services to be provided by PROVIDER and/or
      SUBCONTRACTOR, including any Replacement Launch

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      that is considered to be a Launch Failure or an On-Orbit Spacecraft
      Failure, subject to the limitations of Paragraph 10.3.

10.2  In the event of a Launch Failure, in accordance with Paragraph 9.2,
      CUSTOMER shall have the option to require PROVIDER and SUBCONTRACTOR to
      provide a Replacement Launch. The total firm and fixed price for any
      Replacement Launch provided pursuant to this Paragraph 10.2 shall be as
      specified in Exhibit B.

10.3  In the event of an On-Orbit Spacecraft Failure, CUSTOMER shall have the
      option to require PROVIDER and SUBCONTRACTOR to provide a Replacement
      Launch. The total firm and fixed price for the Replacement Launch provided
      pursuant to this Paragraph 10.3 shall be as specified in Exhibit B.

10.4  The cost of a Replacement Launch includes those costs enumerated in
      Paragraph 5.1 of this LSA but does not include the replacement cost of the
      CUSTOMER Spacecraft(s) nor does it include those costs enumerated in
      Paragraph 5.3 of this LSA.

10.5  CUSTOMER's request for a Replacement Launch must be made in writing and
      received by PROVIDER no later than 12 months after the occurrence of the
      Launch Failure or On-Orbit Spacecraft Failure, as the case may be.

10.6  In the event CUSTOMER requests a Replacement Launch pursuant to this
      Article 10, REPLACEMENT LAUNCH, PROVIDER and SUBCONTRACTOR shall provide a
      Replacement Launch within eight (8) months from written notice by CUSTOMER
      or such later period of time as may be determined by CUSTOMER.

10.7  The terms and conditions of this LSA and the Subcontract shall govern the
      Launch Services and Associated Services to be performed in connection with
      a Replacement Launch.

10.8  The Spacecraft for the Replacement Launch shall be in accordance with the
      Interface Control Document applicable to the CUSTOMER Spacecraft. If the
      Spacecraft for the Replacement Launch has different interface requirements
      such that PROVIDER and/or SUBCONTRACTOR shall be required to modify the
      Launch Vehicle to provide the Replacement Launch, then the Parties shall
      negotiate in good faith any changes and additional payments to be made by
      CUSTOMER for such differences.

10.9  Upon the occurrence of a Launch Failure or an On-Orbit Spacecraft Failure
      and in the event either Party is not already aware thereof, that Party
      shall notify the other in writing and shall describe, to the extent
      possible, the details of the Launch Failure or On-Orbit Spacecraft
      Failure. Upon the second party's request, the first party shall provide,
      on a timely basis, evidence as to the damage to or loss of the CUSTOMER
      Spacecraft as a result of the Launch Failure or On-Orbit Spacecraft
      Failure.

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Article 11: Excusable Delay

11.1  Except as specifically provided in paragraphs 16.4 and 16.5, neither
      CUSTOMER nor PROVIDER shall be liable to the other in the event of a
      failure or delay in the performance of their respective obligations or
      commitments hereunder in the event that such failure or delay was
      unforeseeable and due to a cause beyond CUSTOMER's or PROVIDER's
      reasonable control, as the case may be, and not due to that Party's fault
      or negligence. Such causes include, without limitation, the following:
      acts of God, acts of any governmental authority in its sovereign capacity,
      wars (declared or undeclared), riots or social uprisings, revolutions,
      fires, floods, typhoons, earthquakes, freight embargoes, strikes, lock-
      outs or other labor disturbances, adverse weather or declared launch
      safety conditions that do not permit a Launch ("Excusable Delay").

11.2  In the event of an Excusable Delay, the Party so affected shall promptly
      inform the other Party in writing of the date, nature, extent of the
      occurrence and, in the event of a delay, its expected length. The Party so
      affected shall use its good faith best efforts and all means reasonably
      available to it to overcome such occurrence. Both Parties shall consult as
      soon as possible after the occurrence of an Excusable Delay to find an
      appropriate solution. Such efforts shall include, without limitation, the
      expediting of materials and the provision of additional labor
      notwithstanding that such efforts may result in additional expense to the
      affected Party, provided such additional expense is reasonable.

11.3  The schedule for the Launch Services affected by an Excusable Delay may be
      postponed, if required, for the period of the Excusable Delay, without fee
      or penalty.

Article 12: Third Party Liability Insurance

12.1  In order to protect each Party and their Related Participants against any
      claims including by any Third Party arising out of, relating to or
      resulting from the Launch Services or Associated Services provided under
      this LSA, PROVIDER shall procure and maintain, and shall cause
      SUBCONTRACTOR and any other subcontractors to PROVIDER OR SUBCONTRACTOR to
      procure and maintain, at no cost to CUSTOMER, an occurrence basis type
      insurance policy covering any and all claims, losses, damages, expenses
      and liability for bodily injury, including death, and loss of or damage to
      property. Such insurance shall be in the amount of one hundred million
      U.S. Dollars (US$100,000,000) per Launch and in the aggregate and shall be
      obtained from commercial insurance carriers acceptable to CUSTOMER. Such
      insurance shall name CUSTOMER and its Related Participants as additional
      insured and shall provide that the insurers shall waive all rights of
      subrogation that may arise by contract or at law against CUSTOMER and/or
      its Related Participants. PROVIDER shall cause the insurance carriers
      selected to provide third party liability insurance to arrange for
      reinsurance by reputable international reinsurance companies acceptable to
      CUSTOMER domiciled and doing business outside the Russian

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      Federation and the Commonwealth of Independent States with appropriate
      cut-through clauses acceptable to CUSTOMER to secure direct dealings with
      and claims payments by the reinsurance companies. The terms and conditions
      of the insurance policy and the reinsurance arrangements shall be subject
      to CUSTOMER's review and approval.

12.2  The third party liability insurance referred to in Paragraph 12.1 will
      attach upon the earlier of (i) delivery of the CUSTOMER Spacecraft(s) to
      PROVIDER; or (ii) the entry of the CUSTOMER Spacecraft(s) into Russia, and
      shall extend through thirty (30) days after physical separation of the
      CUSTOMER Spacecraft(s) from the Launch Vehicle, or twelve (12) months
      after Launch if physical separation of the CUSTOMER Spacecraft(s) from the
      Launch Vehicle does not occur.

Article 13: Insurance Support

13.1  If CUSTOMER so requests, PROVIDER shall, at its own expense, assist
      CUSTOMER in obtaining a policy of launch and/or in-orbit insurance from a
      commercial insurer of CUSTOMER's choosing, the cost of said policy to be
      paid by CUSTOMER, naming CUSTOMER as insured. Such assistance shall
      include attending underwriting presentations and furnishing information
      and materials regarding the Launch Site, Launch Vehicle and the Launch
      Services, including access to the Launch Site, if necessary, as needed to
      secure such insurance. Travel expenses for SUBCONTRACTOR's Russia
      representatives to attend meetings with insurance underwriters in the
      United States shall be reimbursed by CUSTOMER with the submission of an
      invoice with supporting documentation. Travel expenses for PROVIDER's
      United States representatives to attend meetings with insurance
      underwriters outside of the United States shall be reimbursed by CUSTOMER
      with the submission of an invoice with supporting documentation.

13.2  If CUSTOMER makes any claim under its insurance, PROVIDER agrees to
      provide, at its own expense, all relevant and necessary information,
      consistent with Russian law, regarding the Launch that may be requested by
      CUSTOMER or its insurers to assist in settling any claim, and will provide
      access to the Launch Site and other launch facilities, if necessary, for
      the purpose of the insurer's investigation of such claim.

Article 14: Allocation of Risks

14.1  Inter-participant Waiver of Liability.

      14.1.1  Except as otherwise expressly provided in this LSA, in view of the
              particular nature of the services to be performed hereunder,
              CUSTOMER and PROVIDER (and PROVIDER shall cause SUBCONTRACTOR to)
              irrevocably agree to a no-fault, no-subrogation, inter-participant
              waiver of liability pursuant to which each Party agrees to assume
              the risk of and to absorb the financial

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              and any other consequences, whether direct or indirect, of any
              property damage or loss it sustains or for any bodily injury to,
              death of, or property damage or loss sustained by its own
              employees directly or indirectly arising out of, relating to or
              resulting from any and all activities carried out under this LSA,
              and each Party further agrees that it will not make any claim or
              institute any administrative, arbitrate or judicial proceedings
              against the other Party or against the Related Participants of the
              other Party, for any such property damage or bodily injury,
              including death; provided, however the foregoing inter-participant
              waiver will not apply to any damage, loss, bodily injury or death
              sustained by a Party that is caused by the other Party's (or its
              Related Participants') gross negligence or willful or intentional
              misconduct.

      14.1.2  Each Party shall take all necessary and reasonable steps to
              foreclose all claims for property damage or loss sustained by
              their respective Related Participants, or bodily injury to, death
              of, or property damage or loss sustained by the employees of each
              Party's Related Participants directly or indirectly arising out
              of, relating to, or resulting from any and all activities carried
              out under this LSA. In furtherance of the foregoing, the Parties
              shall require their Related Participants that may suffer any loss
              or damage in connection with the performance of this LSA to agree
              to be responsible for and to make no claims against the other
              Party and its Related Participants for any property damage or loss
              they sustain or for any bodily injury to, death of, or property
              damage or loss sustained by their own employees directly or
              indirectly arising out of, relating to, or resulting from any and
              all such activities carried out under this LSA; provided, however,
              the foregoing will not apply in the case of the other Party's or
              the other Party's Related Participants' gross negligence, or
              willful or intentional misconduct.

      14.1.3  In the event that any Related Participant of a Party makes any
              claim or demand or institutes any proceeding (whether
              administrative, arbitrate, judicial or otherwise) against the
              other Party or any of the other Party's Related Participants on
              account of any loss, damage or bodily injury, including death, or
              for any consequences thereof, except in the case of the other
              Party's or the other Party's Related Participant's willful or
              intentional misconduct or gross negligence, the first Party shall
              indemnify, defend, and hold harmless, the other Party and its
              Related Participants, as the case may be, from and against such
              claim, demand or proceeding, and shall pay all expenses, including
              reasonable attorneys' fees, and satisfy all judgments or pay any
              settlements that may be incurred by or rendered against such
              indemnity arising from such claim, demand or proceeding. This
              indemnification obligation shall be in addition to indemnification
              obligations otherwise established by this LSA.

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      14.1.4  The inter-participant waiver provisions of this Article 14 shall
              inure to the benefit of, and be binding upon, the successors and
              permitted assigns of each Party.

14.2  Liability for Infringement of Intellectual Property Rights

      14.2.1  PROVIDER shall indemnify, defend and hold harmless CUSTOMER and
              its Related Participants from and against any and all claims
              arising out of or relating to any infringement, or claim of
              infringement, of the Intellectual Property rights of a Third
              Party, that may result from CUSTOMER's use of PROVIDER'S and
              SUBCONTRACTOR's Launch Services and Associated Services,
              including, but not limited to, the use of any and all products,
              processes, articles of manufacture, supporting equipment and
              facilities; and PROVIDER's subcontract with SUBCONTRACTOR shall
              contain a similar indemnity in favor of CUSTOMER.

      14.2.2  CUSTOMER shall indemnify, defend and hold harmless PROVIDER and
              SUBCONTRACTOR from and against any and all claims arising out of
              or relating to any infringement, or claim of infringement, of the
              Intellectual Property rights of a Third Party, that may result
              from CUSTOMER's design, manufacture or operation of the CUSTOMER
              Spacecraft or the Ancillary Equipment launched for CUSTOMER by
              PROVIDER and/or SUBCONTRACTOR, or by PROVIDER's and/or
              SUBCONTRACTOR's compliance with specifications furnished by
              CUSTOMER with respect to the Launch Services or the Associated
              Services.

14.3  Rights and Obligations

The right to indemnification provided under this Article 14, shall be subject to
the following conditions:

      14.3.1  The Party seeking indemnification shall promptly advise the other
              Party in writing of the filing of any suit, or of any written or
              oral claim against it alleging an infringement of any Third
              Party's rights, upon receipt thereof; and shall provide the
              indemnifying Party, at its sole cost and expense, with copies of
              all relevant documentation;

      14.3.2  The Party seeking indemnification shall not make any admission nor
              shall it reach a compromise or settlement nor take any steps in a
              dispute with any Third Party without the prior written approval of
              the other Party, which approval shall not be unreasonably withheld
              or delayed;

      14.3.3  The indemnifying Party shall have the obligation to defend and/or
              settle any claim or suit when not contrary to the governing rules
              of procedure, shall pay all reasonable litigation and
              administrative costs and expenses (including reasonable attorneys'
              fees) incurred in connection with the defense of any such claim or
              suit, shall satisfy

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              any arbitrate awards or judgments rendered by a court of competent
              jurisdiction in such suits, shall help defend the indemnified
              Party if asked, and shall make all settlement payments in
              connection therewith; and

      14.3.4  In the event that PROVIDER and/or SUBCONTRACTOR and CUSTOMER shall
              be the subject of the same infringement claim involving both
              Paragraphs 14.2.1 and 14.2.2, PROVIDER and/or SUBCONTRACTOR and
              CUSTOMER shall jointly assume the defense and shall jointly share
              the cost of any judgment, award, settlement, cost or expense on a
              pro-rata basis according to their respective share of liability.
              In the event of any disagreement with respect to the pro-rata
              allocation of any amount referred to in the immediately preceding
              sentence, such allocation shall be determined through good faith
              negotiation or final judgment of a court of competent
              jurisdiction.

14.4  WITHOUT LIMITING THE GENERALITY OF THE INTER-PARTICIPANT WAIVER OF
      LIABILITY SET FORTH IN ARTICLE 14, IN NO EVENT SHALL EITHER PARTY BE
      LIABLE TO THE OTHER AND TO PERSONS CLAIMING BY OR THROUGH SUCH PARTY UNDER
      ANY THEORY OF TORT, CONTRACT, STRICT LIABILITY, NEGLIGENCE OR UNDER ANY
      OTHER LEGAL OR EQUITABLE THEORY FOR INDIRECT, SPECIAL, INCIDENTAL OR
      CONSEQUENTIAL DAMAGES, INCLUDING WITHOUT LIMITATION LOST PROFITS OR LOST
      REVENUES.

Article 15: Rights to Intellectual Property

15.1  Each party acknowledges and agrees that neither the execution nor the
      performance by either Party of this LSA shall grant any ownership rights
      or any other right, title or interest in, or license to, any Intellectual
      Property of the other Party or of the other Party's Related Participants
      including, without limitation, any Intellectual Property conceived and
      first actually reduced to practice in the course of the performance of
      this LSA by such Party, unless such grant is expressly recited in a
      separate written document duly executed by or on behalf of the granting
      party. Notwithstanding the foregoing sentence, PROVIDER and SUBCONTRACTOR
      hereby grant to CUSTOMER title to the Deliverables of this Agreement and
      for the duration of its performance under this LSA the right to duplicate,
      disclose and use all interface and integration data necessary for
      performance of this LSA, subject to Article 17, CONFIDENTIAL DATA.

Article 16: Licenses, Permits and Approvals

16.1  Pursuant to the Convention on Registration of Objects Launched into Outer
      Space, when two or more States are the launching state, the states should
      agree on which state shall be responsible for the registration. PROVIDER
      and CUSTOMER agree to undertake such reasonable actions as are necessary
      to enable the Russian Federation to register the Launch Vehicle(s) and to
      enable the United States of America to register the Spacecraft(s).

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16.2  PROVIDER shall be responsible for obtaining all necessary government
      licenses, permits, approvals and other documentation from the Government
      of Russia for the performance of the Launch Services and the Associated
      Services.

16.3  CUSTOMER shall be responsible for obtaining all necessary U.S. government
      licenses, permits, approvals and other documentation regarding the export
      from the United States of technical information and data necessary for the
      performance by PROVIDER and/or SUBCONTRACTOR of the Launch Services and
      Associated Services regarding the export of the CUSTOMER Spacecraft(s) and
      the Ancillary Equipment from its country of origin to the Launch Site.
      CUSTOMER shall use reasonable efforts to obtain such licenses, permits or
      approvals as soon as possible and PROVIDER and/or SUBCONTRACTOR or their
      designee shall, within the prescriptions of applicable law, if requested
      by CUSTOMER, participate in the procedures necessary to obtain such
      licenses, permits or approvals. PROVIDER and SUBCONTRACTOR shall comply
      with any requirements that may be imposed by the government of the country
      of origin of the CUSTOMER Spacecraft(s) and Ancillary Equipment so that
      CUSTOMER may obtain such licenses, permits or approvals. CUSTOMER shall
      inform PROVIDER in writing of any such requirements that require PROVIDER
      and/or SUBCONTRACTOR compliance.

16.4  In the event that the necessary U.S. Government license for the export of
      the CUSTOMER Spacecraft and Ancillary Equipment for launch from the Launch
      Site, despite CUSTOMER's reasonable efforts, is revoked or suspended
      and/or CUSTOMER is unable to obtain (or if obtained, is subsequently
      revoked or suspended) any other relevant permits or approvals at least
      four (4) months prior to the scheduled Launch Date, then the Parties shall
      meet to consider if additional actions could be taken to restore such
      license and/or to obtain or restore such permits or approvals or if other
      solutions are available. If, after considering all reasonable
      alternatives, the Parties have exhausted all other courses of action, then
      CUSTOMER shall be entitled to terminate this LSA with respect to the
      launch of the CUSTOMER Spacecraft and Article 11, EXCUSABLE DELAY, shall
      not apply.

      16.4.1  If the denial, revocation or suspension of such licenses, permits
              or approvals is the result of actions or inaction attributable to
              PROVIDER and/or SUBCONTRACTOR or the Russian government, PROVIDER
              shall refund to CUSTOMER within sixty (60) days of the date of the
              termination notice all payments made by CUSTOMER under this LSA
              with respect to the launch of the affected CUSTOMER Spacecraft,
              except for the Contract Signing Date milestone payment (Exhibit B)
              and any pre-contract payments. For the purpose of this paragraph
              16.4.1, any action by the U.S. government to deny or revoke any
              CUSTOMER export authorization as a result of an alleged failure of
              the Russian government or SUBCONTRACTOR to fully comply with the
              requirements of the Missile Technology Control Regime ("MTCR"),

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              the START Treaty, any Treaty or other agreement between the
              Russian Federation and the United States (including, but not
              limited to, Executive Agreements, Memoranda of Understanding and
              other agreements between departments or agencies of the Russian
              government and U.S. government), the Technology Transfer Control
              Plan ("TTCP"), Technology Assistance Agreement ("TAA"), or any
              condition or provision of any export license or authorization,
              shall be deemed to be the result of actions of PROVIDER.

      16.4.2  If the denial of such licenses, permits or approvals is not the
              result of actions or inaction attributable to either PROVIDER or
              SUBCONTRACTOR or CUSTOMER, PROVIDER shall be entitled to retain as
              termination charges all payments made by CUSTOMER until the date
              of the termination notice up to the maximum amount of five hundred
              thousand United States Dollars (U.S.$500,000) of Exhibit B
              payments and if the amounts paid to PROVIDER by CUSTOMER for the
              Launch Services so terminated under Exhibit B exceed five hundred
              thousand United States Dollars (U.S.$500,000), PROVIDER shall
              refund to CUSTOMER within sixty (60) days of the date of the
              termination notice all amounts paid in excess of five hundred
              thousand United States Dollars (U.S.$500,000).

16.5  Each Party shall be solely responsible for any expenses incurred in
      obtaining the licenses, permits, approvals, authorizations, notices and
      other documentation such Party is required to obtain under this Article
      16, provided that each Party agrees to provide reasonable assistance to
      the other Party, at its own expense, in obtaining such licenses, permits,
      approvals, authorizations, notices and other documentation.

16.6  PROVIDER shall obtain whatever licenses, permits, approvals or other
      documentation from governmental authorities in the Russian Federation and
      any other Republic of the C.I.S. that are necessary or appropriate for the
      performance by the Parties of this LSA. In the event that such
      governmental licenses, permits or approvals are denied or, if granted,
      are later withdrawn or canceled at any time during the term of this LSA,
      CUSTOMER shall be entitled to terminate this LSA, in whole or in part and
      PROVIDER shall refund to CUSTOMER within thirty (30) days of the date of
      the termination notice all payments made by CUSTOMER under this LSA for
      each Launch that has not been performed (except for the Contract Signing
      Date milestone payment and any pre-contract payments) as of the date of
      termination and Article 11, EXCUSABLE DELAYS shall not apply.

Article 17: Confidential Data

17.1  In the course of performance of its obligations hereunder, each Party and
      its Related Participants may disclose data and information of a technical
      and financial nature that is considered to be proprietary and
      confidential, including, without limitation, information originally
      created by or available only from the

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      disclosing Party, its Related Participants or a Third Party with respect
      to which the disclosing Party has limited disclosure rights ("Confidential
      Data"). Such Confidential Data shall be marked prominently as confidential
      or proprietary before its disclosure.

17.2  A Party receiving Confidential Data that has been identified as
      confidential or proprietary shall take all reasonable precautions to
      prevent its publication or disclosure to any Third Party. Such Party shall
      only use the Confidential Data solely for the performance of its
      obligations under this LSA. The Parties shall be deemed to have discharged
      their entire obligation to maintain confidentiality of Confidential Data
      hereunder, if they exercise the same degree of care to preserve and
      safeguard the other Party's Confidential Data as they use to preserve and
      safeguard their own Confidential Data. A Party may disclose Confidential
      Data it receives to its Related Participants to the extent necessary for
      the performance of this LSA, provided that such Related Participants first
      agree to be bound by the nondisclosure and use restrictions contained
      herein.

17.3  Neither Party shall be liable for disclosure or use of any Confidential
      Data that is:

      17.3.1  In the public domain, by publication or otherwise, at the time of
              receipt or that comes into the public domain thereafter through no
              act of the receiving Party in breach of this LSA; or

      17.3.2  Known to the receiving Party or legally in the receiving Party's
              possession before disclosure by the disclosing Party; or

      17.3.3  Disclosed with the prior written approval of the disclosing Party;
              or

      17.3.4  Independently developed by the receiving Party; or

      17.3.5  Lawfully disclosed to the receiving Party by a Third Party under
              conditions permitting such disclosure; or

      17.3.6  Not marked as confidential or proprietary; or

      17.3.7  Required, but only to the extent necessary, to be disclosed
              pursuant to governmental or judicial order in which event the
              Party concerned shall notify the other Party of any such
              requirement before such disclosure and shall take all reasonable
              actions to protect the confidentiality of such Confidential Data;
              or

      17.3.8  Required in connection with the financing of this LSA or of the
              CUSTOMER Spacecraft or in connection with the procurement of
              insurance or the presentation of any insurance claim, provided any
              recipient shall have first agreed to be bound by the nondisclosure
              and use restrictions contained herein.

17.4  Upon termination or completion of this LSA, and upon request, each Party
      agrees to return all Confidential Data (including all copies thereof)
      received from the other Party or provide written certification that all
      such Confidential

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      Data has been destroyed, except that each Party may retain one legal file
      copy thereof. The confidentiality provisions of this Article 17 shall
      survive the termination or completion of this LSA for a period of five (5)
      years following termination or completion.

17.5  If the Confidential Data disclosed is verbal, such verbal Confidential
      Data shall be identified as confidential and proprietary before disclosure
      and shall be reduced to writing promptly, but in no event later than
      twenty (20) days, properly marked as confidential or proprietary and
      delivered to the receiving Party in accordance with this Article 17.

17.6  All right, title and interest in and to all Confidential Data and any
      other data or information owned by one Party or its Related Participants
      and delivered or disclosed to the other Party or its Related Participants
      pursuant to this LSA shall remain exclusively with the delivering or
      disclosing Party.

Article 18: Termination

18.1  This LSA and the performance of services hereunder may be terminated for
      cause by either Party upon the occurrence of any one of the following
      events:

      18.1.1  The other Party files a voluntary petition in bankruptcy, makes
              a general assignment, arrangement or composition with or for the
              benefit of its creditors, suffers or permits the appointment of a
              receiver for its business assets, becomes subject to involuntary
              proceedings under any bankruptcy or insolvency law (which
              proceedings remain pending for more than thirty (30) days), or is
              wound up or liquidated;

      18.1.2  The other Party breaches any material covenant in this LSA, which
              breach remains uncured for a period of time equal to the earlier
              to occur of: (a) thirty (30) days following receipt of written
              notice of such breach from the non-breaching Party or, (b) five
              (5) days following receipt of written notice of such breach from
              the non-breaching Party if such breach occurs within thirty (30)
              days before Launch, provided that, PROVIDER shall not be required
              to perform the Launch if CUSTOMER has not cured the breach of any
              material covenant before the Launch and provided further that, if
              such breach is not curable using reasonable efforts within the
              time periods specified in (a) and (b) of this Paragraph 18.1.2 and
              the Launch is not scheduled to occur before such time, such longer
              period, not exceeding ninety (90) days, provided the breach can be
              cured within such longer period and the breaching Party has
              commenced and is diligently proceeding with the cure; or

18.2  If CUSTOMER terminates this LSA pursuant to Paragraph 18.1, it shall be
      entitled to claim any amounts previously paid to PROVIDER hereunder in
      excess of launches already performed. If PROVIDER terminates this LSA

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      pursuant to Paragraph 18.1, it shall be entitled to retain all payments
      made by CUSTOMER to PROVIDER hereunder.

18.3  CUSTOMER may terminate this LSA for its own convenience at any time before
      Launch, without any further liability to PROVIDER, provided that PROVIDER
      shall be entitled to retain all payments made by or due from the CUSTOMER
      to PROVIDER under the LSA prior to the date of the termination notice.

18.4  CUSTOMER shall be entitled to cancel a Launch Service and terminate in
      whole or in part this LSA for cause upon notice to PROVIDER:

      18.4.1  If, within three (3) months before the Launch Date, PROVIDER has
              not demonstrated to the satisfaction of CUSTOMER that the Launch
              Site facilities and logistic arrangements are adequate, suitable
              and satisfactory after inspection and acceptance by CUSTOMER, so
              as to permit timely and successful performance of the Launch
              Services, or if Launch Site deficiencies are found and PROVIDER
              has not corrected such deficiencies within a reasonable time.
              CUSTOMER agrees to provide the requirements for facilities and
              logistic arrangements twelve (12) months before the Launch Date.

      18.4.2  In the event that a single postponement or delay or cumulative
              postponements or delays of a Launch by PROVIDER and/or
              SUBCONTRACTOR, for reasons other than those listed in Article 11,
              EXCUSABLE DELAY, exceed thirty (30) days for any Launch, CUSTOMER
              may cancel the Launch Services with respect to such Launch.

      18.4.3  In the event PROVIDER and/or SUBCONTRACTOR fails to accomplish a
              Milestone Event by its Due Date, if such failure is not cured
              within thirty (30) days of receipt of written notice by CUSTOMER
              of such failure.

      18.4.4  In the event that a single delay or cumulative delays by PROVIDER
              and/or SUBCONTRACTOR for reasons listed in Article 11, EXCUSABLE
              DELAY, exceed six (6) months for any Launch, CUSTOMER may cancel
              the Launch Services with respect to such Launch, in which case
              PROVIDER shall reimburse CUSTOMER within thirty (30) days of
              written notice by CUSTOMER for all payments made to PROVIDER under
              this LSA with respect to such Launch.

      18.4.5  In the event of a Launch Failure if, within six (6) months before
              the scheduled Launch Date for the Launch or Replacement Launch,
              PROVIDER has not demonstrated to the satisfaction of CUSTOMER that
              the cause of the Launch Failure has been identified and that
              corrective measures have been or are being implemented.

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      18.4.6  If PROVIDER fails to fully implement to the satisfaction of
              CUSTOMER any corrective measure required to be implemented
              pursuant to sub-paragraph 18.4.5 within sixty (60) days prior to
              the scheduled Launch Date.

      18.4.7  If, within six (6) months prior to the scheduled Launch Date,
              CUSTOMER has been unable to obtain launch and/or in-orbit
              insurance from underwriters acceptable to CUSTOMER under terms and
              conditions which, in the sole discretion of CUSTOMER, are
              reasonable, and price which does not exceed the premiums paid by
              CUSTOMER for such insurance to date, despite the best efforts of
              CUSTOMER and PROVIDER and SUBCONTRACTOR to obtain such insurance,
              and PROVIDER or SUBCONTRACTOR has been unable or unwilling to
              obtain such insurance for CUSTOMER.

      18.4.8  In the event of termination, in whole or in part, under this
              Paragraph 18.4, CUSTOMER shall not have any liability to PROVIDER
              under this LSA with respect to the portion of this LSA which is
              terminated, including, without limitation, any of the payment
              obligations under Article 5, PRICES or Article 6, PAYMENT TERMS,
              and PROVIDER shall refund to CUSTOMER any amount paid under this
              LSA with respect to such terminated portion of this LSA within
              thirty (30) days of the date of the termination notice.

18.5  Notwithstanding any provision in this LSA to the contrary, the
      termination fees set forth in this Article 18 shall be PROVIDER's sole and
      exclusive remedy in the event of CUSTOMER's default hereunder. WITHOUT
      LIMITING THE GENERALITY OF THE INTER-PARTICIPANT WAIVER OF LIABILITY SET
      FORTH IN ARTICLE 14, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER
      AND TO PERSONS CLAIMING BY OR THROUGH SUCH PARTY UNDER ANY THEORY OF TORT,
      CONTRACT, STRICT LIABILITY, NEGLIGENCE OR UNDER ANY OTHER LEGAL OR
      EQUITABLE THEORY FOR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL
      DAMAGES, INCLUDING WITHOUT LIMITATION, LOST PROFITS, OR LOST REVENUES.

18.6  PROVIDER shall provide to CUSTOMER a serialized official government
      document, signed by the Russian Space Agency, that guarantees that
      SUBCONTRACTOR will perform all of its obligations under this LSA and
      Subcontract, and this document will be provided within forty-five (45)
      days of the effective date of this LSA. It is understood that this
      guarantee is not a financial guarantee.

Article 19: Notices and Language

19.1  All notices and communications between the Parties given under this LSA
      shall be in writing and shall be delivered in person or sent by reliable
      international air courier, registered mail, postage prepaid or by fax to
      the other Party at the

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      address listed below or to such other address as shall be given in writing
      by either Party to the other in accordance with this Paragraph 19.1:

          Notice to CUSTOMER:

          Shawn R. Thompson
          Director, Contracts
          EarthWatch Incorporated
          1900 Pike Road
          Longmont, CO 80501 94566 USA
          Telephone: +1-303-682-4927
          Fax: +1-303-682-3848

          Notice to PROVIDER:

          Lawrence R. Foor
          Vice President
          United Start Corporation
          475 Highland Drive
          Madison, AL 35758 USA
          Telephone: +1-256-772-6670
          Fax: +1-256-772-6694

19.2  All documentation, notices, reports, correspondence and other
      communications furnished by one Party to the other under this LSA,
      including those required under Exhibits A and B hereto, shall be in the
      English language.

Article 20: Coordination and Communications

20.1  CUSTOMER and PROVIDER shall each designate a project coordinator
      immediately following the Effective Date of this LSA.

20.2  The project coordinators shall supervise and coordinate the performance of
      the Launch Services and Associated Services and the technical commitments
      of the respective Parties under this LSA.

20.3  The project coordinators shall have sufficient powers to be able to settle
      any technical issues that may arise during the performance of this LSA as
      well as any daily administration issues.

20.4  Either Party may replace its project coordinator by prior written notice
      to the other Party, signed by an authorized representative, indicating the
      effective date of designation of the new project coordinator.

20.5  The project coordinators shall not be authorized to direct work contrary
      to the requirements of or to make modifications to this LSA. Modifications
      to this LSA shall only be made in accordance with Article 21, AMENDMENTS.

                                      24

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                                                       Launch Services Agreement
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Article 21: Amendments

21.1  This LSA may be amended only in writing, signed by the following duly
      authorized representatives of both Parties.

      For CUSTOMER:

          Herbert F. Satterlee, III Chief Executive and Officer, President,

          Walter S. Scott, Chief Technical Officer or

          Shawn Thompson, Director of Contracts.

      For PROVIDER:

          Lawrence R. Foor, Vice President

Article 22: Assignment

22.1  As CUSTOMER is contracting for the unique services of PROVIDER, this LSA
      shall not be transferred or assigned by PROVIDER without the prior written
      consent of CUSTOMER, except that PROVIDER may transfer or assign its
      rights and obligations under this LSA to a Third Party or to a wholly
      owned subsidiary of such Party pursuant to any merger, sale of all or
      substantially all assets, or other corporate reorganization. CUSTOMER's
      consent to such assignment or delegation under this Article 22 shall not
      be unreasonably withheld and shall be provided in a timely manner.

22.2  This LSA shall not be transferred or assigned by CUSTOMER without the
      prior written consent of PROVIDER, except that CUSTOMER may transfer or
      assign its rights under this LSA to a wholly owned subsidiary, or to a
      Third Party pursuant to any merger, sale of all or substantially all
      assets, or other corporate reorganization. Where PROVIDER's consent to
      such assignment or delegation is required under this Article 22, it shall
      not be unreasonably withheld and shall be provided in a timely manner.

22.3  Any purported assignment or transfer in violation of this Article 22
      shall be null and void and of no legal effect.

22.4  This LSA shall be binding on and inure to the benefit of any successor
      and permitted assignee.

Article 23: Settlement and Resolution of Disputes

23.1  Any dispute or controversy arising out of, in connection with, or in
      relation to this agreement will be determined and settled on an informal
      basis if possible. To that end, each party shall have the right to meet
      with senior management of the other party in an attempt to resolve any
      dispute. If the dispute remains unresolved and after providing a 30-day
      notice of its intentions, either party may request resolution by
      arbitration. Arbitration shall be held in Longmont Colorado in accordance
      with rules then prevailing of the American Arbitration

                                      25

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                                                       Launch Services Agreement
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      Association ("AAA"). Arbitration may be conducted by one arbitrator by the
      mutual agreement of the parties or by three arbitrators if the parties
      cannot so agree, with each party choosing one arbitrator and the third
      selected in accordance with the rules of the AAA. Any award rendered
      therein will be conveyed in a written, reasoned opinion and shall be final
      and binding upon the PROVIDER and CUSTOMER and may be entered thereon in
      the District Court of the State of Colorado for the County of Boulder.

23.2  Reserved

23.3  Reserved.

23.4  The cost of any Arbitration conducted pursuant to this Article 23 shall
      be borne equally by the Parties, provided; however, that each Party shall
      pay its own attorney's fees.

23.5  The arbitration proceedings and all communications relating thereto
      shall be in the English language.

23.6  The arbitration shall be final and binding upon the Parties and neither
      Party shall seek recourse to a law court or other authorities to appeal or
      request revision of the award. Judgment upon the award returned by the
      arbitrators may be entered in any court having jurisdiction.

23.7  During the period in which resolution of the dispute is pending, PROVIDER
      may, but shall not be required to, continue to perform its obligations
      under this LSA, unless otherwise instructed by CUSTOMER in writing.

23.8  Under no circumstances may the result of the Arbitration award exceed any
      limitation of liability contained in the LSA or contravene International
      Law, Agreement or Treaty.

23.9  Notwithstanding the foregoing, the Parties agree that, upon application
      thereto, a court of competent jurisdiction may issue (A) preliminary
      injunctive relief to preserve the status quo or otherwise enforce or
      provide for the effectiveness of the terms and conditions of this Contract
      pending the outcome of the arbitration hereunder; or (B) permanent
      injunctive relief to require compliance with the arbitration award.

Article 24: Applicable Law

24.1  This LSA shall be governed by, subject to and construed in accordance with
      the laws of the State of Delaware, United States of America, without
      giving effect to the conflicts of laws provisions thereof.

24.2  The Parties hereby irrevocably consent to and submit to the exclusive
      jurisdiction of the federal and state courts located in the State of
      Colorado, and any action, suit or proceeding under this LSA may be brought
      by the Parties in any federal or state court of competent jurisdiction
      established or sitting in the State of Colorado. Furthermore, the Parties
      shall not raise, and hereby waive, any defenses based upon improper venue,
      inconvenience of the forum, lack of

                                      26

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                                                       Launch Services Agreement
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      personal jurisdiction, sufficiency of service of process or the like in
      any such action, suit or proceeding brought in the State of Colorado.

24.3  To the extent that PROVIDER or any of its property is or becomes entitled
      at any time to assert the claim or defense of sovereign immunity in any
      legal action, suit or proceeding (including, but not limited to actions,
      suits or proceedings brought in the State of Colorado), or in connection
      with any other legal process in any jurisdiction, PROVIDER for itself and
      its property hereby irrevocably and unconditionally waives, and agrees not
      to plead or claim, the claim or defense of sovereign immunity (including,
      but not limited to, any immunity provided under the Foreign Sovereign
      Immunities Act of 1976, 28 U.S.C. (S) 1602 et seq. of the United States of
      America) with respect to its obligations, liabilities, or any other matter
      arising under or relating to this LSA.

24.4  The Parties agree that the United Nations Convention for the International
      Sales of Goods shall not be applicable to this LSA.

Article 25: Waiver of Breach

25.1  The failure of a Party at any time to require performance by the other
      Party of any provision of this LSA shall in no way affect its right to
      require such performance at any time thereafter. The waiver by a Party of
      a breach of any provision of this LSA shall not constitute a waiver of any
      succeeding breach of the same or any other provision, nor shall it
      constitute a waiver of the provision itself.

Article 26: Entire Agreement

26.1  This LSA, including all its Exhibits, constitutes the entire understanding
      and agreement between the Parties and supersedes all prior or
      contemporaneous correspondence, representations, proposals, negotiations,
      understandings or agreements of the Parties, whether oral or written in
      connection with the subject matter hereof. The Parties hereby acknowledge
      that there are no collateral agreements between them with respect to the
      subject matter hereof.

Article 27: Public Release of Information

27.1  Each Party shall obtain the written approval of the other Party
      concerning the content and timing of news releases, articles, brochures,
      advertisements, prepared speeches, and other information releases to be
      made by the Party of any of its Associates concerning this LSA or the
      Launch Services performed or to be performed hereunder. Such approval
      shall not be unreasonably withheld.

Article 28: Provider/Subcontractor Assistance Regarding Technical Security

28.1  PROVIDER covenants that it will not, at any time, seek any technology
      associated with CUSTOMER'S Spacecraft and the Ancillary Equipment; and it
      will cause SUBCONTRACTOR to not, at any time, seek such technology.
      PROVIDER agrees that it shall cause SUBCONTRACTOR to strictly comply

                                      27

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                                                       Launch Services Agreement
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      with any agreement on spacecraft technology safeguards among the
      Governments of the United States of America and the Russian Federation and
      any other Republic of the C.I.S. Upon arrival of CUSTOMER's Spacecraft at
      the port of entry in the territory of the Russian Federation or any other
      Republic of the C.I.S., PROVIDER shall use its Best Efforts to provide, or
      to procure through other competent organizations, reasonable security
      measures, including but not limited to the following:

      28.1.1  PROVIDER will assist CUSTOMER in obtaining exemption for
              CUSTOMER's Spacecraft and Ancillary Equipment, to the extent
              possible, from examination by customs authorities when any
              CUSTOMER Spacecraft and Ancillary Equipment enter the territory of
              the Russian Federation or any other Republic of the C.I.S.,
              provided CUSTOMER provides written assurances or other
              documentation that the CUSTOMER Spacecraft and Ancillary Equipment
              comply with all relevant requirements of the customs authorities.

      28.1.2  CUSTOMER will be permitted to dispatch personnel to oversee and
              protect CUSTOMER Spacecraft after their entry into the territory
              of the Russian Federation and any other Republic of the C.I.S.,
              during their transport to the Launch Site, and while they are
              present at the Launch Site. If requested by CUSTOMER, PROVIDER
              will assign personnel to assist in such supervision and
              protection.

      28.1.3  The testing and processing of CUSTOMER Spacecraft at the Launch
              Site will be conducted entirely by CUSTOMER's technical personnel
              at suitable facilities provided by SUBCONTRACTOR. If requested,
              PROVIDER will assist with such testing and processing.

      28.1.4  In the event any CUSTOMER Spacecraft or Ancillary Equipment are
              transported out of the territory of the Russian Federation or any
              other Republic of the C.I.S. PROVIDER shall assist with any
              governmental approvals required for export and assign personnel to
              assist in overseeing and protecting such CUSTOMER Spacecraft and
              Ancillary Equipment.

28.2  PROVIDER will provide reasonable assistance to CUSTOMER and its Related
      Participants with the administrative arrangements necessary in connection
      with the transportation of CUSTOMER Spacecraft from their entry into the
      territory of the Russian Federation and any other Republic of the C.I.S.
      to the Launch Site, the storage of CUSTOMER Spacecraft (if required) and
      their possible return, and the entry, exit and stay of CUSTOMER's and its
      Related Participants' personnel in the territory of the Russian Federation
      and any other Republic of the C.I.S., during the performance of this LSA.

                                      28

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                                                       Launch Services Agreement
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Article 29: Access To Work In Progress And Data

29.1  Work in progress under this LSA and technical data and documentation,
      including design and test data, that is directly related to this LSA and
      reasonably necessary for CUSTOMER to ascertain PROVIDER's performance
      under this LSA and SUBCONTRACTOR's performance under the Subcontract are
      subject to reasonable verification and confirmation. To the extent that
      such verification and confirmation by CUSTOMER and its representatives is
      precluded by existing National Security limitations, PROVIDER shall
      propose a Russian Government Agency to act as independent evaluator of
      progress under this LSA and the Subcontract. CUSTOMER will rely on the
      results of these evaluations. This proposed Agency shall be identified
      within 45 days of the effective date of this contract. The Agency shall
      perform such verifications and confirmations which are requested in a
      specific and timely manner as required by the LSA. PROVIDER shall make
      available all other work, data and facilities not restricted by National
      Security of Russian Federation at reasonable advance notice and convenient
      time. Without affecting SUBCONTRACTOR's obligation under National
      Security, other provisions of this LSA, and subject to PROVIDER's and/or
      SUBCONTRACTOR's rights in data under Article 15, RIGHTS TO INTELLECTUAL
      PROPERTY, herein, PROVIDER shall on reasonable request by CUSTOMER
      deliver, without affecting PROVIDER's or SUBCONTRACTOR's obligation under
      National Security, copies of relevant design and test data and other
      technical data, excluding financial data, to CUSTOMER at any time during
      this LSA.

29.2  Consistent with 29.1, PROVIDER agrees to provide reasonable facilities and
      equipment to representatives of CUSTOMER, or the agreed Russian Agency, to
      the extent necessary to provide access to and examination of work in
      progress and technical data and documentation.

29.3  Consistent with 29.1, PROVIDER shall undertake to obtain access by
      CUSTOMER, or the agreed Russian Agency, accompanied by SUBCONTRACTOR's
      technical manager or its representative, to major subcontractors'
      facilities, work in progress and technical data related to this LSA,
      subject to reasonable coordination by SUBCONTRACTOR with the affected
      major subcontractors and reasonable advance notice to PROVIDER and/or
      SUBCONTRACTOR.

Article 30: Order Of Precedence

30.1  All Exhibits and documents referred to herein are hereby incorporated into
      this LSA and shall form an integral part hereof. The Articles of this LSA
      and all Exhibits hereto shall be read so as to be consistent to the extent
      practicable. In the event of any ambiguity, conflict or inconsistency
      among or between the various parts of this LSA, such ambiguity, conflict
      or inconsistency shall be resolved by giving precedence to the documents
      in the order set forth below:

      1.  Launch Services Agreement

                                      29
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                                                       Launch Services Agreement
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      2.  Exhibit A, Statement of Work, dated April 1, 1999

      3.  Exhibit B, Payment Schedule, dated April 1, 1999

      4.  Exhibit C, Reserved

      5.  Exhibit D, Launch Vehicle Definitions, dated March 25, 1999

      6.  Any documents incorporated into the LSA or Exhibits A or B by
          reference.

Article 31: General

31.1  All rights and remedies hereunder shall be cumulative and may be exercised
      singly or concurrently. If any provision of this LSA is found to be
      invalid, or unenforceable, it shall not affect any other provision of this
      LSA and the invalid or unenforceable provision shall be replaced with a
      provision consistent with the original intent of the parties. The
      following provisions shall survive the expiration or termination of this
      Contract.

Article 32: Effective Date

32.1  This Agreement shall become effective upon signature, by both Parties and
      satisfaction of the conditions of Article 34, provided that CUSTOMER may
      cancel and rescind this LSA at any time prior to its payment to PROVIDER
      of the complete amount of the ATP payment, Milestone 5 in Schedule B.

Article 33: Milestone Events

33.1  Certain events in Exhibit B are designated as Milestone Events. This
      paragraph governs the procedure by which a Milestone Event is judged to
      have been successfully completed.

      33.1.1  In the event that a Milestone Event involves the delivery of
              services, material, or documentation to CUSTOMER (a
              "Deliverable"), within ten (10) business days following delivery
              of the Deliverable, CUSTOMER will notify PROVIDER in writing of
              its acceptance or rejection of the Deliverable.

              (i) If CUSTOMER fails to provide written notification within this
              period, the Deliverable is considered to be accepted. Acceptance
              or rejection of a Deliverable shall be at CUSTOMER'S discretion;
              however, CUSTOMER shall not unreasonably withhold acceptance of a
              Deliverable.

              (ii) If CUSTOMER rejects the Deliverable, then the written
              notification of rejection shall state the reason for the rejection
              and specify the corrective action required in order to make the
              Deliverable acceptable. PROVIDER shall resubmit the Deliverable to
              CUSTOMER within thirty (30) days of having received the notice of
              rejection. Upon receipt of the Deliverable, CUSTOMER shall again

                                       30
<PAGE>

                                                       Launch Services Agreement
                                                      EarthWatch to United Start
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              have ten (10) business days to accept or reject the Deliverable.
              If CUSTOMER rejects Deliverable three times then any dispute
              relating thereto is subject to resolution in accordance with
              Article 23, SETTLEMENT OF DISPUTES, hereof.

              (iii) A Milestone Event of this type is considered to have been
              successfully completed when all of the Deliverables identified for
              that Milestone Event have been accepted by CUSTOMER.

      33.1.2  In the event that a Milestone Event involves completion by
              PROVIDER or SUBCONTRACTOR of a certain manufacturing or testing
              step or procedure, then PROVIDER shall provide or cause
              SUBCONTRACTOR to provide CUSTOMER with written notification
              fourteen (14) business days prior to the date on which the
              manufacturing event is expected to be completed, or the testing
              step or procedure is expected to be performed. This notification
              shall specify whether the Milestone Event can be witnessed by a
              CUSTOMER representative, or if the National Security provisions of
              29.1 apply and the Milestone Event must be witnessed by a Russian
              Agency official.

              (i) A CUSTOMER representative, or the Agency representative as
              identified in 29.1, shall witness the completion of the Milestone
              Event. The Milestone Event is considered to have been successfully
              completed when either (a) a CUSTOMER representative witnesses the
              successful completion of the Milestone Event, and so certifies in
              writing to PROVIDER at the time of the Milestone Event, such
              certification not to be unreasonably withheld, or (b) upon receipt
              by CUSTOMER of a written certification by the Russian Agency
              representative that the Milestone Event has been successfully
              completed, in the event that CUSTOMER has been precluded from
              sending a representative to witness the Milestone Event by
              existing Russian National Security limitations pursuant to 29.1.

              (ii) If CUSTOMER elects not to send a representative to witness
              the Milestone Event, despite receiving notification that a
              CUSTOMER representative is permitted to witness the Milestone
              Event, then the Milestone Event shall be considered to have been
              satisfied when successfully completed.

              (iii) If PROVIDER and/or SUBCONTRACTOR notifies CUSTOMER that it
              may send a representative to witness the Milestone Event, and the
              CUSTOMER representative is not permitted, or unable, to witness
              the Milestone Event, despite the Best Efforts of the CUSTOMER
              representative, then the Milestone Event shall not be considered
              to be complete until such time as the CUSTOMER representative is
              able to witness the Milestone Event.

                                       31
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                                                       Launch Services Agreement
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              (iv) If PROVIDER and/or SUBCONTRACTOR notifies CUSTOMER that it
              may not send a representative to witness the Milestone Event, and
              the Milestone is not witnessed by the Russian Agency
              representative, or a written certification by such representative
              is not received by CUSTOMER, then the Milestone Event shall not be
              considered complete until such time as it can be either witnessed
              by a CUSTOMER representative or by a Russian Agency representative
              pursuant to Paragraph 29.1 and (i) above.

Article 34: Effectiveness of Agreement

This Agreement becomes effective when three conditions have been satisfied: (1)
the execution of the Agreement by both parties, (2) approval of the Agreement by
the EarthWatch Board of Directors, and (3) approval of the Agreement by the
United Start Board of Directors. Upon execution of the Agreement, the first
milestone payment can be invoiced in accordance with the terms of the Agreement.
The remaining payments will be due according to the milestone schedule following
the approval of the EarthWatch Board of Directors. In the event that the
EarthWatch Board of Directors does not approve the Agreement, and suitable
changes cannot be made to make it acceptable, then the Agreement will be
considered terminated and EarthWatch's entire obligation will not exceed the
amount of the specify which payment of Exhibit B.

          IN WITNESS WHEREOF, the Parties have executed this LSA by their duly
authorized representatives in duplicate originals.

PROVIDER                               CUSTOMER

By: /s/ Larry Foor                     By: /s/ Herbert F. Satterlee III
    -----------------------                ----------------------------
Name: Larry Foor                       Name: Herbert F. Satterlee III
Title: Vice President                  Title: President and Chief Executive
                                       Officer

                                       32
<PAGE>

                         EXHIBIT A - Statement of Work

[The Company has not filed this Exhibit with the Commission because it contains
voluminous and highly technical data that the Company believes is not material
to investors.]
<PAGE>

                EXHIBIT D - Launch Vehicle Related Definitions

Launch: issuance of the launch command from the launch sequencer, followed by
flow of fuel or oxidizer into any of the first stage engines of the Launch
Vehicle that has been integrated with the Spacecraft supplied by EARTHWATCH. The
intent of this definition is that a Launch shall be considered to occur at the
"point of no return", i.e., the earliest point in the launch sequence when it is
no longer possible to prevent either lift-off or destruction of the Launch
Vehicle or Satellite.

Launch Attempt: the pre-launch and launch operations of the Launch Vehicle that
has been integrated with the Spacecraft supplied by EARTHWATCH, up to the point
of, but not including, launch.

Launch Day: a calendar day established for the Launch pursuant to this LSA
within which the Launch Window is open.

Launch Failure: as defined in Article 9 of this LSA.

Launch Period: as defined in Article 4.3 of this LSA.

Launch Services: those services to be performed by PROVIDER as specified in
Article 2, Services To Be Provided By Provider, and in the Statement of Work,
Exhibit A hereto.

Launch Site: the physical location at Plesetsk, Russia or Kapustin Yar, Russia,
for the Launch, including the associated installations and equipment used by
PROVIDER in connection with the Launch Services and Associated Services.

Launch Success: as defined in Paragraph 9.1 of this LSA.

Launch Technical Specification: as set forth in the Spacecraft to Launch Vehicle
ICD or the Statement of Work, Exhibit A hereto.

Launch Time: the time within the Launch Window when the Lift-off of the Launch
Vehicle is scheduled to take place and, if Lift-off occurs, the time of Lift-
off, defined in hours, minutes and seconds in Universal Time (UTC).

Launch Vehicle: the COSMOS launch vehicle (11K65M) as defined in the COSMOS SL-8
Launch Vehicle Users Guide, dated January 1997, Revision 1, which is to be used
to perform the Launch Services for the CUSTOMER Spacecraft pursuant to the terms
of this LSA.

Launch Window: a time period during the Launch Day within which the Launch may
take place, as derived from the Launch Technical Specification.

Lift-off: the moment of intentional first motion of the Launch Vehicle that has
been integrated with the Spacecraft supplied by CUSTOMER.
<PAGE>

                                              Exhibit D (LV Related Definitions)
                                                         EWI to United Start LSA
                                                                         6/15/98

                EXHIBIT D - Launch Vehicle Related Definitions

Launch: issuance of the launch command from the launch sequencer, followed by
flow of fuel or oxidizer into any of the first stage engines of the Launch
Vehicle that has been integrated with the Spacecraft supplied by EARTHWATCH. The
intent of this definition is that a Launch shall be considered to occur at the
"point of no return", i.e., the earliest point in the launch sequence when it is
no longer possible to prevent either lift-off or destruction of the Launch
Vehicle or Satellite.

Launch Attempt: the pre-launch and launch operations of the Launch Vehicle that
has been integrated with the Spacecraft supplied by EARTHWATCH, up to the point
of, but not including, launch.

Launch Day: a calendar day established for the Launch pursuant to this LSA
within which the Launch Window is open.

Launch Failure: as defined in Article 9 of this LSA.

Launch Period: as defined in Article 4.3 of this LSA.

Launch Services: those services to be performed by PROVIDER as specified in
Article 2, Services To Be Provided By Provider, and in the Statement of Work,
Exhibit A hereto.

Launch Site: the physical location at Plesetsk, Russia or Kapustin Yar, Russia,
for the Launch, including the associated installations and equipment used by
PROVIDER in connection with the Launch Services and Associated Services.

Launch Success: as defined in Paragraph 9.1 of this LSA.

Launch Technical Specification: as set forth in the Spacecraft to Launch Vehicle
ICD or the Statement of Work, Exhibit A hereto.

Launch Time: the time within the Launch Window when the Lift-off of the Launch
Vehicle is scheduled to take place and, if Lift-off occurs, the time of Lift-
off, defined in hours, minutes and seconds in Universal Time (UTC).

Launch Vehicle: the COSMOS launch vehicle (11K65M) as defined in the COSMOS SL-8
Launch Vehicle Users Guide, dated January 1997, Revision 1, which is to be used
to perform the Launch Services for the CUSTOMER Spacecraft pursuant to the terms
of this LSA.

Launch Window: a time period during the Launch Day within which the Launch may
take place, as derived from the Launch Technical Specification.

Lift-off: the moment of intentional first motion of the Launch Vehicle that has
been integrated with the Spacecraft supplied by CUSTOMER.

                                    Page 1
<PAGE>

                                   AMENDMENT
                                     TO THE
                           LAUNCH SERVICES AGREEMENT
                        BETWEEN EARTHWATCH INCORPORATED
                                      AND
                            UNITED START CORPORATION
                               FOR THE LAUNCH OF
                      EARTHWATCH REMOTE SENSING SPACECRAFT

This Amendment I amends the Agreement dated April 1, 1999, and acknowledges the
latest revisions to the following documents:
-Launch Services Agreement, Revision 9, dated June 3, 1999.
-Exhibit A Statement of Work, Revision 7, dated June 1, 1999.
-Exhibit B Payment Schedule, Revision 6, dated April 1, 1999.

The Amendment conditionally exercises an Optional Launch for QuickBird 2, to a
sun-synchronous, 600 km circular orbit, in accordance with a paragraph 2.5 of
this Launch Services Agreement. All other requirement and interfaces as defined
in the Launch Vehicle to Spacecraft Interface Control Document for EarthWatch
QuickBird Spacecraft to Cosmos-3M Launch Vehicle Document (reference Exhibit A)
apply to this launch.

This amendment is conditioned upon (1) adequate verification that the Cosmos-3M
launch vehicle has sufficient performance to inject the QuickBird 2 spacecraft
into a sun-synchronous, 600 km circular orbit and (2) upon formal approval of
the necessary launch trajectory by the Russian Government. In the event that
either of these conditions are not met within 6 months of the effective date of
this Amendment then all funds provided for this Optional launch shall be applied
to the next payment due for the QuickBird 1 launch and this amendment shall be
considered terminated. Further, in the event that modifications to the exist
Cosmos 3-M design are necessary to meet the performance requirements, such
modification must be accepted by EarthWatch.

For this QuickBird 2 launch only, Exhibit B, Table B-2 is modified as follows:
(Please see Attachment 1 to this Amendment 1).
<PAGE>

                                                              Amendment 1 to LSA

IN WITNESS WHEREOF, the Parties have executed this Amendment 1 to the LSA by
their duly authorized representatives in duplicate originals.

PROVIDER                       CUSTOMER

By: -------------------        By: -------------------------
Name: Larry Foor               Name: Herbert F. Satterlee III
Title: Vice President          Title: President and Chief Executive Officer

By: -------------------
Name: Sergei Zinchenko
Title: Director General

                                       2
<PAGE>

                                                              Amendment 1 to LSA

                         Exhibit B - Payment Schedule

1. The price for each Launch shall be $14.0 million US dollars for the first
   launch and for replacement or option launches. The proportion of this price
   that is cash, and the proportion that is archival data, shall be determined
   based on the first-requested Launch Date as defined in Article 4.2 of the LSA
   and the milestones as defined in Tables B-1 and B-2. If the Launch Date is
   on or before 30 November 2001, the cash portion of the price shall be
   $10,000,000 for the first launch and for replacement or option launches.

2. For the first launch, the initial payment is to make this LSA effective. The
   succeeding payments are defined in Table B-1. The final payment is made
   following the Launch. The payment amounts are shown based on a cash portion
   of the launch price of $10,000,000. If the cash portion of the launch price
   is greater than $10,000,000 as described above, then the amounts of all cash
   payments except for the first payment shall be increased at the next
   occurring milestone in a proportional fashion such that the sum of all cash
   payments will equal the cash portion of the launch price. The first payment
   shall remain at $100,000 in all cases.

3. The archival data payments shall be as defined in Tables B-1 and B-2 less any
   increases in the cash payments per the above formula. In the following
   tables, the column titled "Projected Completion Date" shows the dates by
   which it is anticipated that the corresponding Milestone Events will be
   completed. However, payment for a given Milestone Event shall only be made
   after the Milestone Event is considered to be complete, in accordance with
   Article 29, paragraph 29.4 of this LSA.

4. Certain milestones in the tables below are referenced against the
   "Establishment Date", which is the date on which agreement is made on the
   initial Launch Date in accordance with Article 4.2 of this LSA. Payment for
   these milestones is due upon the later of the completion of the milestone and
   the projected completion date shown for that milestone. Unless otherwise
   noted below, payment is due within 10 business days following receipt by
   EarthWatch of the invoice for milestone completion.

5. The nomenclature Contract Signing Date (CD+n), Establishment Date (ED+n), or
   Launch Date (LD - n or +n) months means on the same day of the month as CD,
   ED or LD, n months earlier or later. For example, if ED is 1 December 1998,
   then ED+3 months will be 1 March 1999.

6. CUSTOMER insurance obtained under LSA Article 13 shall assign directly to the
   PROVIDER an amount in United States Dollars equal to all payments due
   PROVIDER at the time of launch and after launch.

7. For replacement and option launches, the initial payment in Table B-2 is to
   make this LSA effective for such a launch. The succeeding payments are
   defined in Table B-2. The final payment is made following the Launch. The
   payment amounts are shown based on a cash portion of the launch price of
   $10,000,000. If the cash portion of the launch price is greater than
   $10,000,000 as described in paragraph 1 above, then the amounts of all cash
   payments except for the first payment shall be increased at the

                                       3
<PAGE>

                                                              Amendment 1 to LSA

   next occurring milestone in a proportional fashion such that the sum of all
   cash payments will equal the cash portion of the launch price. The first
   payment shall remain at $100,000 in all cases. Should additional milestones
   need to be repeated they shall be negotiated and added to Table B-2 as they
   are identified.

8. Licenses, Permits and Approvals in accordance with Article 16 of this LSA
   shall occur on or before Milestone 9 for the first launch and on or before
   Milestone 2 for optional or replacement launches. If such approval and
   licensing does not occur by these milestones EarthWatch, at its sole option
   may delay further payments until such approval and licensing does occur.

                                       4
<PAGE>

                                                              Amendment 1 to LSA

               TABLE B-1 FIRST LAUNCH MILESTONE PAYMENT SCHEDULE

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
 Milestone        Amount   Method     Due Date - Milestone Event                            Projected
  Number                   of                                                               Completion Date
                           Payment
-----------------------------------------------------------------------------------------------------------
<S>            <C>        <C>         <C>                                                   <C>
     1         $  100,000   Cash      PRE-CONTRACT PAYMENT                                  Pre-CD
-----------------------------------------------------------------------------------------------------------
     2         $  100,000   Cash      PRE-CONTRACT PAYMENTS                                 Pre-CD
-----------------------------------------------------------------------------------------------------------
     3         $  200,000   Cash      Contract Signing Date (CD)                            CD
-----------------------------------------------------------------------------------------------------------
     4         $  200,000   Cash      Delivery of early engineering analyses (SOW           CD + 2 mos
                                      paragraph 3)
-----------------------------------------------------------------------------------------------------------
     5         $1,600,000   Cash      Authority to Proceed (ATP) from EarthWatch            ATP
                                      dependent upon EarthWatch receiving its Export
                                      License and TAA approval; Authority to Proceed
                                      (ATP) shall be at least 7 months before launch
-----------------------------------------------------------------------------------------------------------
     6         $  850,000   Cash      Submission of the Range Operations Plan (SOW          ATP + I mo
                                      para 3.2) and the Logistics and Transportation
                                      Plan (SOW para 3.6); mutual agreement and
                                      signoff of the Spacecraft/Launch Vehicle ICD
                                      addressing all significant issues
-----------------------------------------------------------------------------------------------------------
     7         $1,000,000   Cash      Submission of the Preliminary Mission Analyses        ATP + 2 mos
                                      (SOW para 3.1.2),of inputs to the Ground
                                      Security Plan (SOW para. 3.1.4.5), and the
                                      Facilities Plan (SOW para 3.1.4)
-----------------------------------------------------------------------------------------------------------
     8         $  800,000   Cash      Submission of preliminary Coupled Loads               ATP + 3 mos
                                      Analysis
                                      (5 mos after receipt of spacecraft structural
                                      model)
                                      (SOW para 3.1.2.5)
-----------------------------------------------------------------------------------------------------------
     9         $1,250,000   Cash      Establishment of a Firm launch date (LD)              Establishment
                                      between EarthWatch and the Provider, The              Date (ED)
                                      Establishment Date (ED) shall be at least 6
                                      months before the launch
-----------------------------------------------------------------------------------------------------------
    10         $  600,000   Cash      Final Mission Analyses (SOW para. 3.1.2);             No later than
                                      Final Coupled Loads Analysis (SOW para                LD - 4 mos
                                      3.1.2.5)
-----------------------------------------------------------------------------------------------------------
    11         $  800,000   Cash      Pathfinder Arrival at Launch Site                     LD - 2 mos
-----------------------------------------------------------------------------------------------------------
    12         $  500,000   Cash      Spacecraft and Launch Vehicle Arrival at Launch       LD- I mo
                                      Site
-----------------------------------------------------------------------------------------------------------
    13         $2,000,000   Cash      Launch                                                LD + 2 mos
-----------------------------------------------------------------------------------------------------------
               $4,000,000   Archival  Valued at CUSTOMER's North American price list
                            Data      less standard North American distributor
                                      discounts subject to standard data sales terms and
                                      conditions. The amount of this Archival Data
-----------------------------------------------------------------------------------------------------------
</TABLE>

                                       5
<PAGE>

                                                              Amendment 1 to LSA

<TABLE>
<S>            <C>        <C>         <C>                                                   <C>
-----------------------------------------------------------------------------------------------------------
                                      payment shall be adjusted per paragraph 3 of this
                                      exhibit such that the total price of a launch is
                                      $14,000,000.
-----------------------------------------------------------------------------------------------------------
               $14,000,000            TOTAL FIXED PRICE FOR FIRST LAUNCH
                                      before 30 November 2001
-----------------------------------------------------------------------------------------------------------
</TABLE>

                                       6
<PAGE>

                                                              Amendment 1 to LSA

                                   TABLE B-2

            REPLACEMENT OR OPTION LAUNCH MILESTONE PAYMENT SCHEDULE

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
                             Method of                                                              Projected
            Amount           Payment        Due Date - Milestone Event                              Completion Date
-----------------------------------------------------------------------------------------------------------------------
<C>         <C>              <C>            <S>                                                     <C>
   1.a      $   200,000      Cash           Contract Signing Date (CD)                              CD
-----------------------------------------------------------------------------------------------------------------------
   1.b      $   400,000      Cash           Verification that Cosmos has sufficient                 NLT CD+6
                                            performance to a sun-synchronous, 600 km orbit
                                            and trajectory approval is granted by the Russian
                                            Government
-----------------------------------------------------------------------------------------------------------------------
   2        $ 3,100,000      Cash           Submission of Program Schedule per paragraph 4          Milestone 1b+1 mo.
                                            of SOW
-----------------------------------------------------------------------------------------------------------------------
   3        $ 2,250,000      Cash           Establishment of a Firm launch date (LD)                Establishment Date
                                            between EarthWatch and the Provider. The                (ED)
                                            Establishment Date (ED) shall be at least 8
                                            months before the launch.
-----------------------------------------------------------------------------------------------------------------------
   4        $ 1,100,000      Cash           Final Mission Analyses (SOW para 3.1.2): Final          Not later than LD -
                                            Coupled Loads Analysis (SOW para 3.1.2.5)               4 months
-----------------------------------------------------------------------------------------------------------------------
   5        $   550,000      Cash           Rocket Arrival at the Launch Site                       LD - 3 mos
-----------------------------------------------------------------------------------------------------------------------
   6        $   550,000      Cash           Path Finder Arrival at Launch Site                      LD - 2 mos
-----------------------------------------------------------------------------------------------------------------------
   7        $   350,000      Cash           Spacecraft Arrival at Launch Site                       LD - 1 mos
-----------------------------------------------------------------------------------------------------------------------
   8        $ 1,500,000      Cash           Launch                                                  LD
-----------------------------------------------------------------------------------------------------------------------
            $10,000,000                     TOTAL CASH FOR FIXED PRICE TASKS for a
                                            launch before 30 November 2001
-----------------------------------------------------------------------------------------------------------------------
            $ 4,000,000      Archival       Valued at CUSTOMER'S North American price list
                             Data           less standard North American distributor
                                            discounts subject to standard data sales terms and
                                            conditions. The amount of this Archival Data
                                            payment shall be adjusted per paragraph 3 of this
                                            exhibit such that the total price of a launch is
                                            $14,000,000.
-----------------------------------------------------------------------------------------------------------------------
    .       $14,000,000                     TOTAL FIXED PRICE FOR A
                                            REPLACEMENT/OPTION LAUNCH before
                                            30 November 2001
-----------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       7

<PAGE>

                                Amendment 2 to LSA Agreement dated April 1, 1999

                                   AMENDMENT 2
                                     TO THE
                           LAUNCH SERVICES AGREEMENT
                        BETWEEN EARTHWATCH INCORPORATED
                                      AND
                            UNITED START CORPORATION
                               FOR THE LAUNCH OF
                      EARTHWATCH REMOTE SENSING SPACECRAFT

This Amendment 2 amends the Agreement dated April 1, 1999 (Amendment 1 was
issued but never signed), and acknowledges the latest revisions to the following
documents:
-Launch Services Agreement, Revision 9, dated June 3, 1999.
-Exhibit A Statement of Work, Revision 7, dated June 1, 1999.
-Exhibit B Payment Schedule, Revision 6, dated April 1,1999.

This Amendment 2 is issued to add a Special Clause because of an amendment (3)
to the contract number 9905-0144 with Assured Space Access Incorporated (ASAI).
The Special Clause is being added to this contract to specify that neither ASAI
nor United Start shall be entitled to any adjustment under their respective
contracts if the Fairing is not delivered to the Launch Services Provider on
time or does not meet the various launch vehicle of spacecraft requirements.

1.0 Modification: Add the following paragraph:

Article 35: Special Clause
In the event that the Fairing is delivered late to the Launch Services Provider
for any reason or does not meet the various launch vehicle or spacecraft
requirements, neither Assured Space Access Incorporated (ASAI) nor United Start
Corporation shall be entitled to any adjustment to the terms and conditions of
their respective contracts.

All other terms and conditions unchanged by this Amendment 2 remain in fall
force and effect.

                                       1
<PAGE>

                                Amendment 2 to LSA Agreement dated April 1, 1999

--------------------------------------------------------------------------------
IN WITNESS WHEREOF, the Parties have executed this Amendment 2 to the LSA by
their duly authorized representatives in duplicate originals.

PROVIDER                         CUSTOMER

    /s/ Larry R. Foor                /s/ Shawn Thompson
By:______________________        By:_______________________________
Name: Larry R. Foor              For Name: Herbert F. Satterlee III
Title: President                 Title: President and Chief Executive Officer

                                       2
<PAGE>

                                   AMENDMENT 3
                                     TO THE
                           LAUNCH SERVICES AGREEMENT
                        BETWEEN EARTHWATCH INCORPORATED
                                      AND
                            UNITED START CORPORATION
                               FOR THE LAUNCH OF
                      EARTHWATCH REMOTE SENSING SPACECRAFT

This Amendment 3 modifies the Launch Service Agreement executed on 1 April 1999.
The Agreement is between EarthWatch Incorporated and United Start Corporation.
The Launch Services Agreement is amended as noted herein. All other terms not
noted as changed remain in force.

Description:

This Amendment 3 increases the value of the Agreement by $400,000 by a
modification of Exhibit B - Payment Schedule and authorizes a modification of
Exhibit A - the Statement of Work.

Modifications:

Replace the current Exhibit B with a revised Exhibit B dated April 14, 2000.

The revised Exhibit B modifies the title of Table B-2 to delete "or option" and
make Table B-2 applicable only to a replacement launch.

The revised Exhibit B modifies Table B-1 to insert a "Milestone 9a" in the
Amount of "$200,000"; Method of Payment is "Cash"; Due Date - Milestone Event is
"Initiation of Guidance Instrument Modifications"; Projected Completion Date is
"April 2000" and to insert a Milestone 9 b. in the Amount of "$200,000"; Method
of Payment is "Cash"; Due Date - Milestone Event is "Completion of Guidance
Instrument Modifications and Reinstallation/Test in Cosmos"; Projected
Completion Date is "Not Later Than LD-2 mos".

The revised Exhibit B adds a Table B-3 defining price milestone payment schedule
for an optional QB-2 launch to a sun synchronous orbit.

Exhibit A - Statement of Work:

Insert the following after the third sentence in paragraph 3.1.3.

The PROVIDER shall modify two sets of Cosmos guidance instruments (one flight
and one flight spare) for each of the QuickBird 1 and QuickBird 2 launches. The
guidance instruments will be modified such that the fairing release altitude is
not less than 89 km for both launches while achieving the QB1 spacecraft weight
and orbital requirements specified in the ICD. For the QB2 launch, these
guidance modifications will allow the Cosmos to place a spacecraft weighing not
more than 981 kg into a 300 by 600 km, TBD

                                       1

<PAGE>

                               Amendment 3 to LSA Agreement dated April 20, 2000

inclined orbit. Subcontractors who have previously performed such modifications
for other Cosmos missions using standard removal/replacement, modification, and
test techniques shall modify the guidance instruments.

Add the following paragraph: 3.1.6 Cosmos RF Field Strength Measurements:

The PROVIDER will measure the RF field strength resulting for transmitters on
the launch vehicle. These measurements shall be at various points around and
along a model of the QuickBird spacecraft with the objective of determining the
volts per meter in the frequency bands identified in the (ICD).

This Amendment 3 is agreed to by EarthWatch Incorporated and United Start
Corporation and is executed and agreed to be effective the last date written
below as signified by the signatures and shall be a binding agreement.

--------------------------------------------------------------------------------
IN WITNESS WHEREOF, the Parties have executed this Amendment 3 to the LSA by
their duly authorized representatives in duplicate originals.

PROVIDER                                       CUSTOMER

    /s/ Larry Foor                                 /s/ Shawn Thompson
By:_________________________________           By:____________________________
Name: Larry Foor                               Name: Shawn Thompson
Title: President & Chief Operating Officer     Title: Director of Contracts

                                       2
<PAGE>

                         Exhibit B -- Payment Schedule
                             Revised April 20, 2000

1. The price for each Launch shall be $14.0 million US dollars for the first
   launch and for replacement or option launches. The proportion of this price
   that is cash, and the proportion that is archival data, shall be determined
   based on the first-requested Launch Date as defined in Article 4.2 of the LSA
   and the milestones as defined in Tables B-1 and B-2. If the Launch Date is
   on or before 30 November 2001, the cash portion of the price shall be
   $10,400,000 for the first launch, $10,000,000 for replacement launches, and
   $12,000,000 for an optional QB2 launch to a sun synchronous orbit.

2. For the first launch, the initial payment is to make this LSA effective. The
   succeeding payments are defined in Table B-1. The final payment is made
   following the Launch. The payment amounts are shown based on a cash portion
   of the launch price of $10,400,000. If the cash portion of the launch price
   is greater than $10,400,000 as described above, then the amounts of all cash
   payments except for the first payment shall be increased at the next
   occurring milestone in a proportional fashion such that the sum of all cash
   payments will equal the cash portion of the launch price. The first payment
   shall remain at $100,000 in all cases.

3. The archival data payments shall be as defined in Tables B-1, B-2, and B-3
   less any increases in the cash payments per the above formula. In the
   following tables, the column titled "Projected Completion Date" shows the
   dates by which it is anticipated that the corresponding Milestone Events will
   be completed. However, payment for a given Milestone Event shall only be made
   after the Milestone Event is considered to be complete, in accordance with
   Article 29, paragraph 29.4 of this LSA.

4. Certain milestones in the tables below are referenced against the
   "Establishment Date", which is the date on which agreement is made on the
   initial Launch Date in accordance with Article 4.2 of this LSA. Payment for
   these milestones is due upon the later of the completion of the milestone and
   the projected completion date shown for that milestone. Unless otherwise
   noted below, payment is due within 10 business days following receipt by
   EarthWatch of the invoice for milestone completion.

5. The nomenclature Contract Signing Date (CD+n), Establishment Date (ED+n), or
   Launch Date (LD - n or +n) months means on the same day of the month as CD,
   ED or LD, n months earlier or later. For example, if ED is 1 December 1998,
   then ED+3 months will be 1 March 1999.

6. The proceeds from any CUSTOMER launch insurance obtained under LSA Article
   13 shall be used to satisfy all payments due PROVIDER at the time of launch
   and after launch if applicable.

7. For replacement launches and for an optional QB2 launch to a sun synchronous
   orbit, the initial payment in Table B-2 or B-3 is to make this LSA effective
   for such a launch. The succeeding payments are defined in Tables B-2 and B-3.
   The final payment is made following the Launch. The payment amounts are shown
   based on a cash portion of the launch price of $10,000,000 and $11,800,000
   respectively. If the

<PAGE>

                                                      Exhibit B Payment Schedule
                                                  EarthWatch to United Start LSA
                                                          Revised April 20, 2000

   cash portion of the launch price is greater than their values as described
   in paragraph 1 above, then the amounts of all cash payments except for the
   first payment shall be increased at the next occurring milestone in a
   proportional fashion such that the sum of all cash payments will equal the
   cash portion of the launch price. The first payment shall remain at $200,000
   in all cases. Should additional milestones need to be repeated they shall be
   negotiated and added to Table B-2 or B-3 as they are identified.

8. Licenses, Permits and Approvals in accordance with Article 16 of this LSA
   shall occur on or before Milestone 9 for the first launch and on or before
   Milestone 2 for optional or replacement launches. If such approval and
   licensing does not occur by these milestones, EarthWatch, at its sole option,
   may delay further payments until such approval and licensing does occur.

9. As the enumerated agreement within Table B-3 is between EarthWatch and a
   related party, the EarthWatch Board will review the exercise of the option
   before any exercise is effective.

                                    Page 2

<PAGE>

<PAGE>

                                                      Exhibit B Payment Schedule
                                                  EarthWatch to United Start LSA
                                                          Revised April 20, 2000

               TABLE B-1 FIRST LAUNCH MILESTONE PAYMENT SCHEDULE

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
 Milestone        Amount   Method              Due Date - Milestone Event                     Projected
  Number                     of                                                             Completion Date
                           Payment
-----------------------------------------------------------------------------------------------------------
<S>            <C>        <C>         <C>                                                   <C>
     1         $  100,000   Cash      PRE-CONTRACT PAYMENT                                  Pre-CD
-----------------------------------------------------------------------------------------------------------
     2         $  100,000   Cash      PRE-CONTRACT PAYMENTS                                 Pre-CD
-----------------------------------------------------------------------------------------------------------
     3         $  200,000   Cash      Contract Signing Date (CD)                            CD
-----------------------------------------------------------------------------------------------------------
     4         $  200,000   Cash      Delivery of early engineering analyses (SOW           CD + 2 mos
                                      paragraph 3)
-----------------------------------------------------------------------------------------------------------
     5         $1,600,000   Cash      Authority to Proceed (ATP) from EarthWatch            ATP
                                      dependent upon EarthWatch receiving its Export
                                      License and TAA approval; Authority to Proceed
                                      (ATP) shall be at least 7 months before launch
-----------------------------------------------------------------------------------------------------------
     6         $  850,000   Cash      Submission of the Range Operations Plan (SOW          ATP + 1 mo
                                      para 3.2) and the Logistics and Transportation
                                      Plan (SOW Para 3.6); mutual agreement and
                                      signoff of the Spacecraft/Launch Vehicle ICD
                                      addressing all significant issues
-----------------------------------------------------------------------------------------------------------
     7         $1,000,000   Cash      Submission of the Preliminary Mission Analyses        ATP + 2 mos
                                      (SOW para 3.1.2), of inputs to the Ground
                                      Security Plan (SOW para 3.1.4.5), and the
                                      Facilities Plan (SOW para 3.1.4)
-----------------------------------------------------------------------------------------------------------
     8         $  800,000   Cash      Submission of preliminary Coupled Loads               ATP + 3 mos
                                      Analysis
                                      (5 mos after receipt of spacecraft structural
                                      model)
                                      (SOW para 3.1.2.5)
-----------------------------------------------------------------------------------------------------------
     9         $1,250,000   Cash      Establishment of a Firm launch date (LD)              Establishment
                                      between EarthWatch and the Provider, The              Date (ED)
                                      Establishment Date (ED) shall be at least 6
                                      months before the launch
-----------------------------------------------------------------------------------------------------------
    9a         $  200,000   Cash      Initiation of Guidance Instrument Modifications       April, 2000
-----------------------------------------------------------------------------------------------------------
    9b         $  200.000   Cash      Completion of Guidance Instrument                     Not later than
                                      Modifications and Reinstallation/Test in Cosmos       LD - 2 mos
-----------------------------------------------------------------------------------------------------------
    10         $  600,000   Cash      Final Mission Analyses (SOW para 3.1.2);              No later than
                                      Final Coupled Loads Analysis (SOW para 3.1.2.5)       LD - 4 mos
-----------------------------------------------------------------------------------------------------------
    11         $  800,000   Cash      Pathfinder Arrival at Launch Site                     LD - 2 mos
-----------------------------------------------------------------------------------------------------------
    12         $  500,000   Cash      Spacecraft and Launch Vehicle Arrival at Launch       LD - 1 mo
                                      Site
-----------------------------------------------------------------------------------------------------------
    13         $2,000,000   Cash      Launch                                                LD + 2 mos
-----------------------------------------------------------------------------------------------------------
               $3,600,000   Archival  Valued at CUSTOMER'S North American price list
-----------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 3
<PAGE>

                                                      Exhibit B Payment Schedule
                                                  EarthWatch to United Start LSA
                                                          Revised April 20, 2000

<TABLE>
<S>            <C>        <C>         <C>                                                   <C>
-----------------------------------------------------------------------------------------------------------
                            Data      less standard North American distributor
                                      discounts subject to standard data sales terms and
                                      conditions. The amount of this Archival Data
                                      payment shall be adjusted per paragraph 3 of this
                                      exhibit such that the total price of a launch is
                                      $14,000,000.
-----------------------------------------------------------------------------------------------------------
               $14,000,000            TOTAL FIXED PRICE FOR FIRST LAUNCH
                                      before 30 November 2001
-----------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 4
<PAGE>

                                                      Exhibit B Payment Schedule
                                                  EarthWatch to United Start LSA
                                                          Revised April 20, 2000

                                  TABLE B-2

                 REPLACEMENT LAUNCH MILESTONE PAYMENT SCHEDULE

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
            Amount          Method             Due Date - Milestone Event                  Projected
                               of                                                         Completion Date
                            Payment
-----------------------------------------------------------------------------------------------------------
<S>         <C>             <C>       <C>                                              <C>
  1         $   200,000      Cash     Contract Signing Date (CD)                       CD
-----------------------------------------------------------------------------------------------------------
  2         $ 3,500,000      Cash     Submission of Program Schedule per paragraph 4   CD+1 mo
                                      of SOW
-----------------------------------------------------------------------------------------------------------
  3         $ 2,250,000      Cash     Establishment of a Firm launch dates (LD)        Establishment Date
                                      between EarthWatch and the Provider. The         (ED)
                                      Establishment Dale (ED) shall be at least 8
                                      months before the launch.
-----------------------------------------------------------------------------------------------------------
  4         $ 1,100,000      Cash     Final Mission Analyses (SOW para 3.1.2): Final   Not later than LD -
                                      Coupled Loads Analysis (SOW para 3.1.2.5)        4 months
-----------------------------------------------------------------------------------------------------------
  5         $   550,000      Cash     Rocket Arrival at the Launch Site                LD - 3 mos
-----------------------------------------------------------------------------------------------------------
  6         $   550,000      Cash     Path Finder Arrival at Launch Site               LD - 2 mos
-----------------------------------------------------------------------------------------------------------
  7         $   350,000      Cash     Spacecraft Arrival at Launch Site                LD - 1 mos
-----------------------------------------------------------------------------------------------------------
  8         $ 1,500,000      Cash     Launch                                           LD
-----------------------------------------------------------------------------------------------------------
            $10,000,000               TOTAL CASH FOR FIXED PRICE TASKS for a
                                      launch before 30 November 2001
-----------------------------------------------------------------------------------------------------------
            $ 4,000,000     Archival  Valued at CUSTOMER'S North American price list
                            Data      less standard North American distributor
                                      discounts subject to standard data sales terms
                                      and conditions.  The amount of this Archival Data
                                      payment shall be adjusted per paragraph 3 of
                                      this exhibit such that the total price of a
                                      launch is $14,000,000.
-----------------------------------------------------------------------------------------------------------
  *         $14,000,000               TOTAL FIXED PRICE FOR A
                                      REPLACEMENT LAUNCH before 30
                                      November 2001
-----------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 5
<PAGE>

                                                      Exhibit B Payment Schedule
                                                  EarthWatch to United Start LSA
                                                          Revised April 20, 2000

                                  TABLE B-3

                 OPTIONAL QB2 LAUNCH MILESTONE PAYMENT SCHEDULE
                          For a Sun Synchronous Orbit
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------
              Amount         Method             Due Date - Milestone Event                  Projected
                               of                                                         Completion Date
                            Payment
-------------------------------------------------------------------------------------------------------------
<S>        <C>              <C>        <C>                                                <C>
  1        $   200,000        Cash     Contract Signing Date (CD)                         CD
-------------------------------------------------------------------------------------------------------------
  2        $ 3,300,000        Cash     Submission of Program Schedule per paragraph 4     CD+1 mo
                                       of SOW
-------------------------------------------------------------------------------------------------------------
  3        $ 2,500,000        Cash     Establishment of a Firm launch date (LD)           Establishment Date
                                       between EarthWatch and least the Provider. The     (ED)
                                       Establishment Date (ED) shall be at least 8
                                       months before the launch.
-------------------------------------------------------------------------------------------------------------
  4        $ 1,500,000        Cash     Final Mission Analyses (SOW para 3.1.2): Final     Not later than LD -
                                       Coupled Loads Analysis (SOW para 3.1.2.5)          4 months
-------------------------------------------------------------------------------------------------------------
  5        $ 1,000,000        Cash     Rocket Arrival at the Launch Site                  LD - 3 mos
-------------------------------------------------------------------------------------------------------------
  6        $   750,000        Cash     Path Finder Arrival at Launch Site                 LD - 2 mos
-------------------------------------------------------------------------------------------------------------
  7        $   550,000        Cash     Spacecraft Arrival at Launch Site                  LD - 1 mos
-------------------------------------------------------------------------------------------------------------
  8        $ 2,000,000        Cash     Launch                                             LD
-------------------------------------------------------------------------------------------------------------
           $11,800,000                 TOTAL CASH FOR FIXED PRICE TASKS for a
                                       launch before 30 November 2001
-------------------------------------------------------------------------------------------------------------
           $ 2,200,000        Archival Valued at CUSTOMER'S North American price list
                              Data     less standard North American distributor
                                       discounts subject to standard data sales terms
                                       and conditions.  The amount of this Archival Data
                                       payment shall be adjusted per paragraph 3 of
                                       this exhibit such that the total price of a
                                       launch is $14,000,000.
-------------------------------------------------------------------------------------------------------------
  *        $14,000,000                 TOTAL FIXED PRICE FOR A
                                       REPLACEMENT/OPTION LAUNCH before 30
                                       November 2001
-------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 6

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