Document:

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                                                                Exhibit 10.3

                      CONSENT AND AMENDMENT NUMBER ONE TO
                      ------------------------------------
                AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT
                ------------------------------------------------

     This CONSENT AND AMENDMENT NUMBER ONE TO AMENDED AND RESTATED LOAN AND
SECURITY AGREEMENT (this "Amendment") is entered into as of August 29, 2001, by
and between FOOTHILL CAPITAL CORPORATION, a California corporation ("Foothill"),
on the one hand and MICROSTRATEGY INCORPORATED, a Delaware corporation
("Parent"), and MICROSTRATEGY SERVICES CORPORATION, a Delaware corporation
("Borrower"), with reference to the following facts:

     A.   Foothill, Parent, and Borrower heretofore have entered into that
          certain Amended and Restated Loan and Security Agreement, dated as of
          June 14, 2001 (as further amended, restated, supplemented, or
          otherwise modified from time to time, the "Agreement");

     B.   Borrower and Parent have requested Foothill to amend the Agreement, as
          set forth in this Amendment, and to consent to the proposed
          acquisition by the Parent of the preferred stock of Strategy.com
          Incorporated and the issuance of  up to 3,500,000 shares of Parent's
          common stock in connection therewith in order to consummate its
          acquisition of the remaining issued and outstanding capital stock of
          Strategy.com Incorporated (other than any such stock issued or
          issuable in connection with the Strategy.com Incorporated 2000 Stock
          Option Plan ("Strategy.com Employee Options"), which will remain
          outstanding);

     C.   Foothill is willing to so amend the Agreement in accordance with the
          terms and conditions hereof; and

     D.   Unless the context requires otherwise, all capitalized terms used
          herein and not defined herein shall have the meanings ascribed to them
          in the Agreement, as amended hereby.

     NOW, THEREFORE, in consideration of the above recitals and the mutual
promises contained herein, Foothill, Borrower, and Parent hereby agree as
follows:

1.  Amendment of the Agreement.

     a.  Section 1.1 of the Agreement hereby is amended by amending and
restating each of the following definitions so that such definition reads as
follows:

     "Guarantors" means, collectively, Parent, Canadian Obligor, Aventine,
Microstrategy Capital Corporation, a Delaware corporation, Microstrategy
<PAGE>

Management Corporation, a Delaware corporation, and Strategy.com, and
"Guarantor" means any one of them.

          "Strategy.com" means Strategy.com Incorporated, a Delaware
corporation.

     b.  Schedules 5.5, 5.7, 5.8(b), 5.8(c), 5.10, 5.16, 5.18 and P-1 to the
Agreement are hereby amended and restated in their entirety in the forms
attached hereto.

     c.  Section 7.13 of the Agreement hereby is amended by inserting the
following immediately inside the parenthetical in the sixth line, before the
word "other": "other than Permitted Investments maintained by Strategy.com, for
a period not to exceed four (4) Business Days after August 29, 2001, and".

2.  Representations and Warranties.  Borrower and Parent each hereby represents
and warrants to Foothill that:

     a.  the execution, delivery, and performance of this Amendment and of the
Agreement, as amended by this Amendment, are within its corporate powers, have
been duly authorized by all necessary corporate action, and are not in
contravention of any law, rule, or regulation, or any order, judgment, decree,
writ, injunction, or award of any arbitrator, court, or governmental authority,
or of the terms of its charter or bylaws, or of any contract or undertaking to
which it is a party or by which any of its properties may be bound or affected,

     b.  this Amendment and the Agreement, as amended by this Amendment,
constitute Borrower's and Parent's legal, valid, and binding obligation,
enforceable against Borrower and Parent in accordance with its terms, and

     c.  this Amendment has been duly executed and delivered by Borrower and
Parent,

     d.  after consummation of the Exchange Transaction (as defined below),
Parent will own 100% of the outstanding capital stock of Strategy.com (excluding
any Strategy.com Employee Options).

3.  Consent.  Notwithstanding anything to the contrary in the Agreement, Parent
may (a) issue up to 3,500,000 shares of its common stock to holders of the
outstanding preferred stock of Strategy.com pursuant to, and as contemplated by,
the Exchange Agreement dated as of August 28, 2001 (the "Exchange Transaction")
and (b) consummate the Exchange Transaction; provided, however, that Parent may
not use any cash to consummate the Exchange Transaction, other than for the
payment of ordinary expenses associated with consummation of the Exchange
Transaction (such as legal and accounting fees and expenses).

                                       2
<PAGE>

4.  Conditions Precedent to Consent and Amendment.  The satisfaction of each of
the following shall constitute conditions precedent to the effectiveness of this
Amendment:

     a.  Each of the Guarantors (including Strategy.com) shall have executed an
Amended and Restated General Continuing Guaranty in the form attached hereto as
Exhibit A.

     b.  Each of the Pledgors and Foothill shall have executed and delivered an
Amended and Restated Stock Pledge Agreement in the form attached hereto as
Exhibit B, and shall have delivered the certificates required to be delivered by
the Stock Pledge Agreement not previously delivered together with an executed
stock power in form and substance satisfactory to Lender.

     c.  Foothill shall have received the reaffirmation and consent attached
hereto as Exhibit C, duly executed and delivered by an authorized officer of
each Guarantor;

     d.  The representations and warranties in this Amendment, the Agreement as
amended by this Amendment, and the other Loan Documents shall be true and
correct in all respects on and as of the date hereof, as though made on such
date (except to the extent that such representations and warranties relate
solely to an earlier date);

     e.  No Event of Default or event which with the giving of notice or passage
of time would constitute an Event of Default shall have occurred and be
continuing on the date hereof, nor shall result from the consummation of the
transactions contemplated herein;

     f.  No injunction, writ, restraining order, or other order of any nature
prohibiting, directly or indirectly, the consummation of the transactions
contemplated herein shall have been issued and remain in force by any
governmental authority against Borrower, Parent or Foothill;

     g.  All other documents and legal matters in connection with the
transactions contemplated by this Amendment shall have been delivered or
executed or recorded and shall be in form and substance satisfactory to Foothill
and its counsel; and

     h.  Foothill shall have received a consent and amendment fee in the amount
of $10,000, which amount Borrower and Parent authorize Foothill to charge to the
Loan Account.

     i.  The parties to the Intercompany Subordination Agreement, together with
Strategy.com, shall have executed an amended and restated version of such
agreement, in form and substance satisfactory to Lender.

4.  Miscellaneous.

     a.  Upon the effectiveness of this Amendment, each reference in the
Agreement to "this Agreement", "hereunder", "herein", "hereof" or words of like
import referring to the Agreement shall mean and refer to the Agreement as
amended by this Amendment.

                                       3
<PAGE>

     b.  Upon the effectiveness of this Amendment, each reference in the Loan
Documents to the "Loan Agreement", "thereunder", "therein", "thereof" or words
of like import referring to the Agreement shall mean and refer to the Agreement
as amended by this Amendment.

     c.  This Amendment shall be governed by and construed in accordance with
the laws of the State of California.

     d.  This Amendment may be executed in any number of counterparts and by
different parties on separate counterparts, each of which, when executed and
delivered, shall be deemed to be an original, and all of which, when taken
together, shall constitute but one and the same Amendment.  Delivery of an
executed counterpart of this Amendment by telefacsimile shall be equally as
effective as delivery of a manually executed counterpart of this Amendment.  Any
party delivering an executed counterpart of this Amendment by telefacsimile also
shall deliver a manually executed counterpart of this Amendment but the failure
to deliver a manually executed counterpart shall not affect the validity,
enforceability, and binding effect of this Amendment.

                                       4
<PAGE>

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

                                MICROSTRATEGY INCORPORATED,
                                a Delaware corporation

                                By: /s/ Eric F. Brown
                                    ----------------------------------------
                                Title: President and Chief Financial Officer

                                MICROSTRATEGY SERVICES CORPORATION,
                                a Delaware corporation

                                By: /s/ Eric F. Brown
                                    -------------------------------
                                Title: Vice President and Treasurer

                                FOOTHILL CAPITAL CORPORATION,
                                a California corporation

                                By: /s/ Greg Gentry
                                    ------------------------------------
                                Title: Vice President

                                      5
<PAGE>

                                   Exhibit C
                                   ---------

                           REAFFIRMATION AND CONSENT

     All capitalized terms used herein but not otherwise defined herein shall
have the meanings ascribed to them in that certain Consent and Amendment Number
One to Amended and Restated Loan and Security Agreement, dated as of August 29,
2001 (the "Amendment").  The undersigned hereby (a) represents and warrants to
Foothill that the execution, delivery, and performance of this Reaffirmation and
Consent are within its corporate powers, have been duly authorized by all
necessary corporate action, and are not in contravention of any law, rule, or
regulation, or any order, judgment, decree, writ, injunction, or award of any
arbitrator, court, or governmental authority, or of the terms of its charter or
bylaws, or of any contract or undertaking to which it is a party or by which any
of its properties may be bound or affected; (b) consents to the amendment of the
Agreement by the Amendment and to the transactions described therein; (c)
acknowledges and reaffirms its obligations owing to Foothill under the Guaranty
as amended and restated and any other Loan Documents to which it is a party; and
(d) agrees that each of the Guaranty and any other Loan Documents to which it is
a party is and shall remain in full force and effect.  Although the undersigned
has been informed of the matters set forth herein and has acknowledged and
agreed to same, it understands that Foothill has no obligations to inform it of
such matters in the future or to seek its acknowledgement or agreement to future
amendments, and nothing herein shall create such a duty.  Delivery of an
executed counterpart of this Reaffirmation and Consent by telefacsimile shall be
equally as effective as delivery of an original executed counterpart of this
Reaffirmation and Consent.  Any party delivering an executed counterpart of this
Reaffirmation and Consent by telefacsimile also shall deliver an original
executed counterpart of this Reaffirmation and Consent but the failure to
deliver an original executed counterpart shall not affect the validity,
enforceability, and binding effect of this Reaffirmation and Consent.  This
Reaffirmation and Consent shall be governed by the laws of the State of
California.

                            [signature page follows]

                                       6
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                                  MICROSTRATEGY INCORPORATED,
                                  a Delaware corporation

                                  By: /s/ Eric F. Brown
                                      ----------------------------------------
                                  Name: Eric F. Brown
                                  Title: President and Chief Financial Officer

                                  AVENTINE, INCORPORATED,
                                  a Delaware corporation

                                  By: /s/ William J. Chatterton, Jr.
                                     ----------------------------------------
                                  Name: William J. Chatterton, Jr.
                                  Title: Chairman and President

                                  MICROSTRATEGY CAPITAL CORPORATION,
                                  a Delaware corporation

                                  By: /s/ Eric F. Brown
                                      ---------------------------------------
                                  Name: Eric F. Brown
                                  Title: Treasurer

                                  MICROSTRATEGY MANAGEMENT CORPORATION,
                                  a Delaware corporation

                                  By: /s/ Eric F. Brown
                                      ---------------------------------------
                                  Name: Eric F. Brown
                                  Title: Treasurer

                                  STRATEGY.COM INCORPORATED,
                                  a Delaware corporation

                                  By: /s/ Eric F. Brown
                                      ---------------------------------------
                                  Name: Eric F. Brown
                                  Title: Chief Financial Officer

                                       7<PAGE>

                                                                Exhibit 10.4

                             AMENDED AND RESTATED
                             --------------------
                          GENERAL CONTINUING GUARANTY
                          ---------------------------

          THIS AMENDED AND RESTATED GENERAL CONTINUING GUARANTY ("Guaranty"),
dated as of August 29, 2001, is executed and delivered by each of the Guarantors
(as defined below), in favor of Foothill Capital Corporation, a California
corporation ("Guarantied Party"), with reference to the following:

          WHEREAS, MicroStrategy Incorporated, a Delaware corporation ("Parent")
and MicroStrategy Services Corporation, a Delaware corporation ("Borrower"), and
Guarantied Party have entered into that certain Amended and Restated Loan and
Security Agreement, dated as of June 14, 2001 (as the same may be further
amended, restated or otherwise modified from time to time, the "Loan
Agreement");

          WHEREAS, Parent, Aventine, Incorporated, a Delaware corporation,
MicroStrategy Capital Corporation, a Delaware corporation, MicroStrategy
Management Corporation, a Delaware corporation, and Strategy.com, Incorporated,
a Delaware corporation (each a "Guarantor" and collectively, the "Guarantors"),
are all Affiliates of Borrower, and each Guarantor will benefit from Guarantied
Party's agreement to make financial accommodations to Borrower; and

          WHEREAS, in order to induce Guarantied Party to extend financial and
other accommodations to Borrower pursuant to the Loan Agreement and the Consent
and Amendment Number One to the Loan Agreement, and in consideration thereof,
and in consideration of any loans or other financial accommodations heretofore
or hereafter extended by Guarantied Party to Borrower, whether pursuant to the
Loan Agreement or otherwise, each Guarantor has agreed to guaranty the
Guarantied Obligations and to amend and restate this Guaranty to add
Strategy.com Incorporated as a Guarantor.

          NOW, THEREFORE, in consideration of the foregoing, each Guarantor
hereby agrees, in favor of Guarantied Party, as follows:

1.  Definitions and Construction.

          (a)  Definitions. Capitalized terms used herein and not otherwise
defined herein shall have the meanings ascribed to them in the Loan Agreement.
The following terms, as used in this Guaranty, shall have the following
meanings:

               "Borrower" shall have the meaning set forth in the recitals to
this Guaranty.

               "Guarantied Obligations" shall mean: the due and punctual payment
of the principal of, and interest (including, any and all interest which, but
for the application of the provisions of the Bankruptcy Code, would have accrued
on such amounts) on, any and all premium on, and any and all

                                       1
<PAGE>

     fees, costs, and expenses (including, any and all fees, costs, and expenses
     which, but for the application of the provisions of the Bankruptcy Code,
     would have accrued on such amounts) incurred in connection with or on the
     Indebtedness owed by Borrower to Guarantied Party pursuant to the terms of
     the Loan Documents.

               "Guarantied Party" shall have the meaning set forth in the
     preamble to this Guaranty.

               "Guarantor" or "Guarantors" shall have the respective meaning set
     forth in the preamble to this Guaranty.

               "Guaranty" shall have the meaning set forth in the preamble to
     this Guaranty.

               "Indebtedness" shall mean any and all obligations, indebtedness,
     or liabilities of any kind or character owed by Borrower to Guarantied
     Party and arising directly or indirectly out of or in connection with the
     Loan Agreement or the other Loan Documents, including all such obligations,
     indebtedness, or liabilities, whether for principal, interest (including
     any and all interest which, but for the application of the provisions of
     the Bankruptcy Code, would have accrued on such amounts), premium,
     reimbursement obligations, fees, costs, expenses (including attorneys
     fees), or indemnity obligations, whether heretofore, now, or hereafter
     made, incurred, or created, whether voluntarily or involuntarily made,
     incurred, or created, whether secured or unsecured (and if secured,
     regardless of the nature or extent of the security), whether absolute or
     contingent, liquidated or unliquidated, or determined or indeterminate,
     whether Borrower is liable individually or jointly with others, and whether
     recovery is or hereafter becomes barred by any statute of limitations or
     otherwise becomes unenforceable for any reason whatsoever, including any
     act or failure to act by Guarantied Party.

               "Loan Agreement" shall have meaning set forth in the recitals to
     this Guaranty.

               "Parent" shall have meaning set forth in the recitals to this
     Guaranty.

          (b)  Construction. Unless the context of this Guaranty clearly
     requires otherwise, references to the plural include the singular,
     references to the singular include the plural, the part includes the whole,
     the terms "include" and "including" are not limiting, and the term "or" has
     the inclusive meaning represented by the phrase "and/or." The words
     "hereof," "herein," "hereby," "hereunder," and other similar terms refer to
     this Guaranty as a whole and not to any particular provision of this
     Guaranty. Any reference in this Guaranty to any of the following documents
     includes any and all alterations, amendments, restatements, extensions,
     modifications, renewals, or supplements thereto or thereof, as applicable:
     the Loan Agreement; this Guaranty; and the other Loan Documents. Neither
     this Guaranty nor any uncertainty or ambiguity herein shall be construed or
     resolved against Guarantied Party or a Guarantor, whether under any rule of
     construction or otherwise. On the contrary, this Guaranty has been reviewed

                                       2
<PAGE>

     by each Guarantor, Guarantied Party, and their respective counsel, and
     shall be construed and interpreted according to the ordinary meaning of the
     words used so as to fairly accomplish the purposes and intentions of
     Guarantied Party and each Guarantor.

2.  Guarantied Obligations. Each Guarantor, individually and collectively,
jointly and severally, hereby irrevocably and unconditionally guaranties to
Guarantied Party, as and for its own debt, until final and indefeasible payment
thereof has been made, (a) the payment of the Guarantied Obligations, in each
case when and as the same shall become due and payable, whether at maturity,
pursuant to a mandatory prepayment requirement, by acceleration, or otherwise;
it being the intent of such Guarantor that the guaranty set forth herein shall
be a guaranty of payment and not a guaranty of collection; and (b) the punctual
and faithful performance, keeping, observance, and fulfillment by Borrower of
all of the agreements, conditions, covenants, and obligations of Borrower
contained in the Loan Agreement and under each of the other Loan Documents.

3.  Continuing Guaranty.  This Guaranty includes Guarantied Obligations arising
under successive transactions continuing, compromising, extending, increasing,
modifying, releasing, or renewing the Guarantied Obligations, changing the
interest rate, payment terms, or other terms and conditions thereof, or creating
new or additional Guarantied Obligations after prior Guarantied Obligations have
been satisfied in whole or in part.  To the maximum extent permitted by law,
each Guarantor hereby waives any right to revoke this Guaranty as to future
Indebtedness.  If such a revocation is effective notwithstanding the foregoing
waiver, each Guarantor acknowledges and agrees that (a) no such revocation shall
be effective until written notice thereof has been received by Guarantied Party,
(b) no such revocation shall apply to any Guarantied Obligations in existence on
such date (including any subsequent continuation, extension, or renewal thereof,
or change in the interest rate, payment terms, or other terms and conditions
thereof), (c) no such revocation shall apply to any Guarantied Obligations made
or created after such date to the extent made or created pursuant to a legally
binding commitment of Guarantied Party in existence on the date of such
revocation, (d) no payment by any Guarantor, Borrower, or from any other source,
prior to the date of such revocation shall reduce the maximum obligation of such
Guarantor hereunder, and (e) any payment by Borrower or from any source other
than such Guarantor subsequent to the date of such revocation shall first be
applied to that portion of the Guarantied Obligations as to which the revocation
is effective and which are not, therefore, guarantied hereunder, and to the
extent so applied shall not reduce the maximum obligation of such Guarantor
hereunder.

4.  Performance Under this Guaranty.  In the event that Borrower fails to make
any payment of any Guarantied Obligations, on or before the due date thereof, or
if Borrower shall fail to perform, keep, observe, or fulfill any other
obligation referred to in clause (b) of Section 2 hereof in the manner provided
in the Loan Agreement or the other Loan Documents, as applicable, each Guarantor
immediately shall cause such payment to be made or each of such obligations to
be performed, kept, observed, or fulfilled.

                                       3
<PAGE>

5.  Primary Obligations.  This Guaranty is a primary and original obligation of
each Guarantor, is not merely the creation of a surety relationship, and is an
absolute, unconditional, and continuing guaranty of payment and performance
which shall remain in full force and effect without respect to future changes in
conditions.  Each Guarantor agrees that it is directly, jointly and severally
with any other guarantor of the Guarantied Obligations, liable to Guarantied
Party, that the obligations of such Guarantor hereunder are independent of the
obligations of Borrower or any other guarantor, and that a separate action may
be brought against such Guarantor, whether such action is brought against
Borrower or any other guarantor or whether Borrower or any other guarantor is
joined in such action.  Each Guarantor agrees that its liability hereunder shall
be immediate and shall not be contingent upon the exercise or enforcement by
Guarantied Party of whatever remedies it may have against Borrower or any other
guarantor, or the enforcement of any lien or realization upon any security
Guarantied Party may at any time possess.  Each Guarantor agrees that any
release which may be given by Guarantied Party to Borrower or any other
guarantor shall not release such Guarantor.  Each Guarantor consents and agrees
that Guarantied Party shall be under no obligation to marshal any property or
assets of Borrower or any other guarantor in favor of such Guarantor, or against
or in payment of any or all of the Guarantied Obligations.

6.  Waivers.

          (a)  To the fullest extent permitted by applicable law, each Guarantor
hereby waives: (i) notice of acceptance hereof; (ii) notice of any loans or
other financial accommodations made or extended under the Loan Agreement, or the
creation or existence of any Guarantied Obligations; (iii) notice of the amount
of the Guarantied Obligations, subject, however, to such Guarantor's right to
make inquiry of Guarantied Party to ascertain the amount of the Guarantied
Obligations at any reasonable time; (iv) notice of any adverse change in the
financial condition of Borrower or of any other fact that might increase such
Guarantor's risk hereunder; (v) notice of presentment for payment, demand,
protest, and notice thereof as to any instrument among the Loan Documents; (vi)
notice of any Default or Event of Default under the Loan Agreement; and (vii)
all other notices (except if such notice is specifically required to be given to
such Guarantor under this Guaranty or any other Loan Documents to which such
Guarantor is a party) and demands to which such Guarantor might otherwise be
entitled.

          (b) To the fullest extent permitted by applicable law, each Guarantor
waives the right by statute or otherwise to require Guarantied Party to
institute suit against Borrower or to exhaust any rights and remedies which
Guarantied Party has or may have against Borrower. In this regard, each
Guarantor agrees that it is bound to the payment of each and all Guarantied
Obligations, whether now existing or hereafter arising, as fully as if such
Guarantied Obligations were directly owing to Guarantied Party by such
Guarantor. Each Guarantor further waives any defense arising by reason of any
disability or other defense (other than the defense that the Guarantied
Obligations shall have been fully and finally performed and indefeasibly paid in
full in cash) of Borrower or by reason of the cessation from any cause
whatsoever of the liability of Borrower in respect thereof.

                                       4
<PAGE>

          (c)  To the fullest extent permitted by applicable law, each Guarantor
     hereby waives: (i) any rights to assert against Guarantied Party any
     defense (legal or equitable), set-off, counterclaim, or claim which such
     Guarantor may now or at any time hereafter have against Borrower or any
     other party liable to Guarantied Party; (ii) any defense, set-off,
     counterclaim, or claim, of any kind or nature, arising directly or
     indirectly from the present or future lack of perfection, sufficiency,
     validity, or enforceability of the Guarantied Obligations or any security
     therefor; (iii) any defense arising by reason of any claim or defense based
     upon an election of remedies by Guarantied Party including any defense
     based upon an election of remedies by Guarantied Party under the provisions
     of ss. 580d and 726 of the California Code of Civil Procedure, or any
     similar law of California or any other jurisdiction; (iv) the benefit of
     any statute of limitations affecting such Guarantor's liability hereunder
     or the enforcement thereof, and any act which shall defer or delay the
     operation of any statute of limitations applicable to the Guarantied
     Obligations shall similarly operate to defer or delay the operation of such
     statute of limitations applicable to such Guarantor's liability hereunder.

          (d) Until such time as all of the Guarantied Obligations (excluding
     any Guarantied Obligations with respect to the Warrant and the Registration
     Rights Agreement) have been fully, finally, and indefeasibly paid in full
     in cash: (i) each Guarantor hereby postpones any right of subrogation such
     Guarantor has or may have as against Borrower with respect to the
     Guarantied Obligations; (ii) in addition, each Guarantor hereby postpones
     any right to proceed against Borrower or any other Person, now or
     hereafter, for contribution, indemnity, reimbursement, or any other
     suretyship rights and claims (irrespective of whether direct or indirect,
     liquidated or contingent), with respect to the Guarantied Obligations; and
     (iii) in addition, each Guarantor also hereby postpones any right to
     proceed or to seek recourse against or with respect to any property or
     asset of Borrower.

          (e) WITHOUT LIMITING THE GENERALITY OF ANY OTHER WAIVER OR OTHER
     PROVISION SET FORTH IN THIS GUARANTY, EACH GUARANTOR HEREBY WAIVES, TO THE
     MAXIMUM EXTENT SUCH WAIVER IS PERMITTED BY LAW, ANY AND ALL BENEFITS OR
     DEFENSES ARISING DIRECTLY OR INDIRECTLY UNDER ANY ONE OR MORE OF CALIFORNIA
     CIVIL CODE SS. 2799, 2808, 2809, 2810, 2815, 2819, 2820, 2821, 2822,
     2838, 2839, 2845, 2847, 2848, 2849, AND 2850, CALIFORNIA CODE OF CIVIL
     PROCEDURE SS. 580a, 580b, 580c, 580d, AND 726, AND CHAPTER 2 OF TITLE 14
     OF THE CALIFORNIA CIVIL CODE.

          (f) WITHOUT LIMITING THE GENERALITY OF ANY OTHER WAIVER OR OTHER
     PROVISION SET FORTH IN THIS GUARANTY, EACH GUARANTOR WAIVES ALL RIGHTS AND
     DEFENSES ARISING OUT OF AN ELECTION OF REMEDIES BY THE GUARANTIED PARTY,
     EVEN THOUGH THAT ELECTION OF REMEDIES, SUCH AS A NONJUDICIAL FORECLOSURE
     WITH RESPECT TO SECURITY FOR A GUARANTIED OBLIGATION, HAS DESTROYED SUCH
     GUARANTOR'S RIGHTS OF SUBROGATION AND REIMBURSEMENT AGAINST BORROWER BY THE
     OPERATION OF SECTION 580d OF THE CALIFORNIA CODE OF CIVIL PROCEDURE OR
     OTHERWISE.

                                       5
<PAGE>

7.  Releases.  Each Guarantor consents and agrees that, without notice
to or by such Guarantor and without affecting or impairing the obligations of
such Guarantor hereunder, Guarantied Party may, by action or inaction,
compromise or settle, extend the period of duration or the time for the payment,
or discharge the performance of, or may refuse to, or otherwise not enforce, or
may, by action or inaction, release all or any one or more parties to, any one
or more of the terms and provisions of the Loan Agreement or any of the other
Loan Documents or may grant other indulgences to Borrower in respect thereof, or
may amend or modify in any manner and at any time (or from time to time) any one
or more of the Loan Agreement or any of the other Loan Documents, or may, by
action or inaction, release or substitute any other guarantor, if any, of the
Guarantied Obligations, or may enforce, exchange, release, or waive, by action
or inaction, any security for the Guarantied Obligations or any other guaranty
of the Guarantied Obligations, or any portion thereof.

8.  No Election.  Guarantied Party shall have the right to seek recourse against
each Guarantor to the fullest extent provided for herein and no election by
Guarantied Party to proceed in one form of action or proceeding, or against any
party, or on any obligation, shall constitute a waiver of Guarantied Party's
right to proceed in any other form of action or proceeding or against other
parties unless Guarantied Party has expressly waived such right in writing.
Specifically, but without limiting the generality of the foregoing, no action or
proceeding by Guarantied Party under any document or instrument evidencing the
Guarantied Obligations shall serve to diminish the liability of a Guarantor
under this Guaranty except to the extent that Guarantied Party finally and
unconditionally shall have realized indefeasible payment by such action or
proceeding.

9.  Indefeasible Payment.  The Guarantied Obligations shall not be considered
indefeasibly paid for purposes of this Guaranty unless and until all payments to
Guarantied Party are no longer subject to any right on the part of any person
whomsoever, including Borrower, Borrower as a debtor in possession, or any
trustee (whether appointed under the Bankruptcy Code or otherwise) of any
Borrower's assets to invalidate or set aside such payments or to seek to recoup
the amount of such payments or any portion thereof, or to declare same to be
fraudulent or preferential.  In the event that, for any reason, all or any
portion of such payments to Guarantied Party is set aside or restored, whether
voluntarily or involuntarily, after the making thereof, the obligation or part
thereof intended to be satisfied thereby shall be revived and continued in full
force and effect as if said payment or payments had not been made and each
Guarantor shall be liable for the full amount Guarantied Party is required to
repay plus any and all costs and expenses (including reasonable attorneys fees)
paid by Guarantied Party in connection therewith.

10.  Financial Condition of Borrower.  Each Guarantor represents and warrants to
Guarantied Party that it is currently informed of the financial condition of
Borrower and of all other circumstances which a diligent inquiry would reveal
and which bear upon the risk of nonpayment of the Guarantied Obligations.  Each
Guarantor further represents and warrants to Guarantied Party that it has read
and understands the terms and conditions of the Loan Agreement and the other
Loan Documents.  Each Guarantor hereby covenants that it will continue to keep

                                       6
<PAGE>

itself informed of Borrower's financial condition, the financial condition of
other guarantors, if any, and of all other circumstances which bear upon the
risk of nonpayment or nonperformance of the Guarantied Obligations.

11.  Payments; Application.  All payments to be made hereunder by a Guarantor
shall be made in lawful money of the United States of America at the time of
payment, shall be made in immediately available funds, and shall be made without
deduction (whether for taxes or otherwise) or offset.  All payments made by a
Guarantor hereunder shall be applied as follows:  first, to all reasonable costs
and expenses (including reasonable attorneys fees) incurred by Guarantied Party
in enforcing this Guaranty or in collecting the Guarantied Obligations; second,
to all accrued and unpaid interest, premium, if any, and fees owing to
Guarantied Party constituting Guarantied Obligations; and third, to the balance
of the Guarantied Obligations.

12.  Attorneys Fees and Costs.  Each Guarantor agrees to pay, on demand, all
reasonable attorneys fees and all other reasonable costs and expenses which may
be incurred by Guarantied Party in the enforcement of this Guaranty or in any
way arising out of, or consequential to the protection, assertion, or
enforcement of the Guarantied Obligations (or any security therefor),
irrespective of whether suit is brought.

13.  Notices.  Unless otherwise specifically provided in this Guaranty, any
notice or other communication relating to this Guaranty shall be made in
accordance with the terms of the Loan Agreement.

14.  Cumulative Remedies.  No remedy under this Guaranty, under the Loan
Agreement, or any other Loan Document is intended to be exclusive of any other
remedy, but each and every remedy shall be cumulative and in addition to any and
every other remedy given under this Guaranty, under the Loan Agreement, or any
other Loan Document, and those provided by law.  No delay or omission by
Guarantied Party to exercise any right under this Guaranty shall impair any such
right nor be construed to be a waiver thereof.  No failure on the part of
Guarantied Party to exercise, and no delay in exercising, any right under this
Guaranty shall operate as a waiver thereof; nor shall any single or partial
exercise of any right under this Guaranty preclude any other or further exercise
thereof or the exercise of any other right.

15.  Severability of Provisions.  Any provision of this Guaranty which is
prohibited or unenforceable under applicable law shall be ineffective to the
extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof.

16.  Entire Agreement; Amendments.  This Guaranty constitutes the entire
agreement between the Guarantors and Guarantied Party pertaining to the subject
matter contained herein.  This Guaranty may not be altered, amended, or
modified, nor may any provision hereof be waived or noncompliance therewith
consented to, except by means of a writing executed by each Guarantor and
Guarantied Party.  Any such alteration, amendment, modification, waiver, or
consent shall be effective only to the extent specified therein and for the
specific purpose for which given.  No course of dealing and no delay or waiver
of any right or default under this Guaranty shall be deemed a waiver of any

                                       7
<PAGE>

other, similar or dissimilar, right or default or otherwise prejudice the rights
and remedies hereunder.

17.  Successors and Assigns.  This Guaranty shall be binding upon Guarantor and
its successors and assigns and shall inure to the benefit of the successors and
assigns of Guarantied Party; provided, however, Guarantor shall not assign this
Guaranty or delegate any of its duties hereunder without Guarantied Party's
prior written consent and any unconsented to assignment shall be absolutely
void.  In the event of any assignment or other transfer of rights by Guarantied
Party, the rights and benefits herein conferred upon Guarantied Party shall
automatically extend to and be vested in such assignee or other transferee.

18.  No Third Party Beneficiary.  This Guaranty is solely for the benefit of
Guarantied Party and its successors and assigns and may not be relied on by any
other Person.

19.  CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER

          THE VALIDITY OF THIS GUARANTY, ITS CONSTRUCTION, INTERPRETATION, AND
ENFORCEMENT, AND THE RIGHTS OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS
ARISING HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA.

          THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN
CONNECTION WITH THIS GUARANTY SHALL BE TRIED AND LITIGATED ONLY IN THE STATE AND
FEDERAL COURTS LOCATED IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA.  EACH
GUARANTOR AND GUARANTIED PARTY WAIVES, TO THE EXTENT PERMITTED UNDER APPLICABLE
LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR
TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH
THIS SECTION 19.

          EACH GUARANTOR AND GUARANTIED PARTY HEREBY WAIVE THEIR RESPECTIVE
RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT
OF THIS GUARANTY OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING
CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR
STATUTORY CLAIMS.  EACH GUARANTOR AND GUARANTIED PARTY REPRESENT THAT EACH HAS
REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL
RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.  IN THE EVENT OF LITIGATION, A
COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE
COURT.

                                       8
<PAGE>

     IN WITNESS WHEREOF, the undersigned has executed and delivered this
Guaranty as of the date first written above.

                                 MICROSTRATEGY INCORPORATED,
                                 a Delaware corporation

                                 By:  /s/ Eric F. Brown
                                     ----------------------------------------
                                 Name: Eric F. Brown
                                 Title: President and Chief Financial Officer

                                 AVENTINE, INCORPORATED,
                                 a Delaware corporation

                                 By: /s/ William J. Chatterton, Jr.
                                     ----------------------------------------
                                 Name: William J. Chatterton, Jr.
                                 Title: Chairman and President

                                 MICROSTRATEGY CAPITAL CORPORATION,
                                 a Delaware corporation

                                 By: /s/ Eric F. Brown
                                     ----------------------------------------
                                 Name: Eric F. Brown
                                 Title: Treasurer

                                 MICROSTRATEGY MANAGEMENT CORPORATION,
                                 a Delaware corporation

                                 By: /s/ Eric F. Brown
                                     ----------------------------------------
                                 Name: Eric F. Brown
                                 Title: Treasurer

                                 STRATEGY.COM INCORPORATED,
                                 a Delaware corporation

                                 By: /s/ Eric F. Brown
                                     ----------------------------------------
                                 Name: Eric F. Brown
                                 Title: Chief Financial Officer

                                       9

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