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                                                                    Exhibit 10.7

                           MICROSTRATEGY INCORPORATED

                                     FORM OF
                           SECOND AMENDED AND RESTATED
                             1999 STOCK OPTION PLAN

1.      Purpose

        The purpose of this Second Amended and Restated 1999 Stock Option Plan
(the "Plan") of MicroStrategy Incorporated, a Delaware corporation (the
"Company"), is to enhance the Company's ability to attract, retain and motivate
persons who make (or are expected to make) important contributions to the
Company by providing such persons with equity ownership opportunities and
performance-based incentives and thereby better aligning the interests of such
persons with those of the Company's stockholders. Except where the context
otherwise requires, the term "Company" shall include any of the Company's
present or future subsidiary corporations as defined in Section 424(f) of the
Internal Revenue Code of 1986, as amended, and any regulations promulgated
thereunder (the "Code").

2.      Eligibility

        All of the Company's employees, officers, directors (including directors
who are not employees of the Company), consultants and advisors (and any
individuals who have accepted an offer for employment) are eligible to be
granted options (each, an "Award") under the Plan. Each person who has been
granted an Award under the Plan shall be deemed a "Participant".

3.      Administration, Delegation

        (a)     Administration by Board of Directors. The Plan will be
administered by the Board of Directors of the Company (the "Board"). The Board
shall have authority to grant Awards and to adopt, amend and repeal such
administrative rules, guidelines and practices relating to the Plan as it shall
deem advisable. The Board may correct any defect, supply any omission or
reconcile any inconsistency in the Plan or any Award in the manner and to the
extent it shall deem expedient to carry the Plan into effect and it shall be the
sole and final judge of such expediency. All decisions by the Board shall be
made in the Board's sole discretion and shall be final and binding on all
persons having or claiming any interest in the Plan or in any Award. No director
or person acting pursuant to the authority delegated by the Board shall be
liable for any action or determination relating to or under the Plan made in
good faith.

        (b)     Delegation to Executive Officers. To the extent permitted by
applicable law, the Board may delegate to one or more executive officers of the
Company the power to make Awards and exercise such other powers under the Plan
as the Board may determine, provided that the Board shall fix the maximum number
of shares subject to Awards and the maximum number of shares for any one
Participant to be made by such executive officers.

        (c)     Appointment of Committees. To the extent permitted by applicable
law, the Board may delegate any or all of its powers under the Plan to one or
more committees or subcommittees of the Board (a "Committee"). All references in
the Plan to the "Board" shall mean the Board or a Committee of the Board or the
executive officer referred to in Section 3(b) to the extent that the Board's
powers or authority under the Plan have been delegated to such Committee or
executive officer.

4.      Stock Available for Awards

        (a)     Number of Shares. Subject to adjustment under Section 6 (except
as such provisions relate to stock splits effected prior to July 31, 2002),
Awards may be made under the Plan for up to 3,850,000 shares of Class A Common
Stock, $0.001 par value per share, of the Company (the "Common Stock"). If any
Award expires or is

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terminated, surrendered or canceled without having been fully exercised or is
forfeited in whole or in part or results in any Common Stock not being issued,
the unused Common Stock covered by such Award shall again be available for the
grant of Awards under the Plan, subject, however, in the case of Incentive Stock
Options (as hereinafter defined), to any limitation required under the Code.
Shares issued under the Plan may consist in whole or in part of authorized but
unissued shares or treasury shares.

        (b)     Per-Participant Limit. Subject to adjustment under Section 6
(except as such provisions relate to stock splits effected prior to July 31,
2002), for Awards granted after the Common Stock is registered under the
Securities Exchange Act of 1934 (the "Exchange Act"), the maximum number of
shares of Common Stock with respect to which an Award may be granted to any
Participant under the Plan shall be 1,000,000 per calendar year. The
per-Participant limit described in this Section 4(b) shall be construed and
applied consistently with Section 162(m) of the Code.

5.      Stock Options

        (a)     General. The Board may grant options to purchase Common Stock
(each, an "Option") and determine the number of shares of Common Stock to be
covered by each Option, the exercise price of each Option and the conditions and
limitations applicable to the exercise of each Option, including conditions
relating to applicable federal or state securities laws, as it considers
necessary or advisable. An Option which is not intended to be an Incentive Stock
Option (as hereinafter defined) shall be designated a "Nonstatutory Stock
Option".

        (b)     Incentive Stock Options. An Option that the Board intends to be
an "incentive stock option" as defined in Section 422 of the Code (an "Incentive
Stock Option") shall only be granted to employees of the Company and shall be
subject to and shall be construed consistently with the requirements of Section
422 of the Code. The Company shall have no liability to a Participant, or any
other party, if an Option (or any part thereof) which is intended to be an
Incentive Stock Option is not an Incentive Stock Option.

        (c)     Exercise Price. The Board shall establish the exercise price at
the time each Option is granted and specify it in the applicable option
agreement.

        (d)     Duration of Options. Each Option shall be exercisable at such
times and subject to such terms and conditions as the Board may specify in the
applicable option agreement.

        (e)     Exercise of Option. Options may be exercised by delivery to the
Company of a written notice of exercise signed by the proper person or by any
other form of notice (including electronic notice) approved by the Board
together with payment in full as specified in Section 5(f) for the number of
shares for which the Option is exercised.

        (f)     Payment Upon Exercise. Common Stock purchased upon the exercise
of an Option granted under the Plan shall be paid for as follows:

                (1)     in cash or by check, payable to the order of the
Company;

                (2)     except as the Board may, in its sole discretion,
otherwise provide in an option agreement, by (i) delivery of an irrevocable and
unconditional undertaking by a creditworthy broker to deliver promptly to the
Company sufficient funds to pay the exercise price or (ii) delivery by the
Participant to the Company of a copy of irrevocable and unconditional
instructions to a creditworthy broker to deliver promptly to the Company cash or
a check sufficient to pay the exercise price;

                (3)     to the extent permitted by the Board, in its sole
discretion, by delivery of shares of Common Stock owned by the Participant
valued at their fair market value as determined by (or in a manner approved by)
the Board in good faith ("Fair Market Value"), provided (i) such method of
payment is then permitted under applicable law and (ii) such Common Stock was
owned by the Participant at least six months prior to such delivery;

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                (4)     to the extent permitted by the Board, in its sole
discretion by (i) delivery of a promissory note of the Participant to the
Company on terms determined by the Board, or (ii) payment of such other lawful
consideration as the Board may determine; or

                (5)     by any combination of the above permitted forms of
payment.

        (g)     Buyout Provisions. The Board may at any time offer to purchase
for a payment in cash, promissory note or shares of Common Stock, an Option
previously granted, based on such terms and conditions as the Board shall
establish and communicate to the Participant at the time that such offer is
made.

6.      Adjustments for Changes in Common Stock and Certain Other Events

        (a)     Changes in Capitalization. In the event of any stock split,
reverse stock split, stock dividend, recapitalization, combination of shares,
reclassification of shares, spin-off or other similar change in capitalization
or event, or any distribution to holders of Common Stock other than a normal
cash dividend, (i) the number and class of securities available under this Plan,
(ii) the per-Participant limit set forth in Section 4(b), (iii) the number and
class of securities and exercise price per share subject to each outstanding
Option, and (iv) the terms of each other outstanding Award shall be
appropriately adjusted by the Company (or substituted Awards may be made, if
applicable) to the extent the Board shall determine, in good faith, that such an
adjustment (or substitution) is necessary and appropriate. If this Section 6(a)
applies and Section 6(c) also applies to any event, Section 6(c) shall be
applicable to such event, and this Section 6(a) shall not be applicable. Except
as expressly provided herein, no issuance by the Company of shares of stock of
any class, or securities convertible into shares of stock of any class, shall
affect, and no adjustment by reason thereof shall be made with respect to, the
number or price of shares of Common Stock subject to an Award.

        (b)     Liquidation or Dissolution. In the event of a proposed
liquidation or dissolution of the Company, the Board shall upon written notice
to the Participants provide that all then unexercised Options will (i) become
exercisable in full as of a specified time at least 10 business days prior to
the effective date of such liquidation or dissolution and (ii) terminate
effective upon such liquidation or dissolution, except to the extent exercised
before such effective date. The Board may specify the effect of a liquidation or
dissolution on any Award granted under the Plan at the time of the grant of such
Award.

        (c)     Acquisition Events

                (1)     Definition. An "Acquisition Event" shall mean:

                        (a)     any merger or consolidation of the Company with
                                or into another entity as a result of which the
                                Common Stock is converted into or exchanged for
                                the right to receive cash, securities or other
                                property; or

                        (b)     any exchange of shares of the Company for cash,
                                securities or other property pursuant to a
                                statutory share exchange transaction.

                (2)     Effect on Options. Upon the occurrence of an Acquisition
Event, or the execution by the Company of any definitive agreement with respect
to an Acquisition Event, the Board shall provide that all outstanding Options
shall be assumed, or equivalent options shall be substituted, by the acquiring
or succeeding corporation (or an affiliate thereof); provided that if the
acquiring or succeeding corporation (or an affiliate thereof) does not agree to
assume, or substitute for, such Options, then the Board shall, upon written
notice to the Participants, provide that all of the then unexercised Options
will become exercisable in full as of a specified time prior to the Acquisition
Event, and will terminate immediately prior to the occurrence of the Acquisition
Event, except to the extent exercised by the Participants before the
consummation of such Acquisition Event; provided, however, that in the event of
an Acquisition Event under the terms of which holders of Common Stock will
receive upon consummation thereof a cash payment for each share of Common Stock
surrendered pursuant to such Acquisition Event (the "Acquisition Price"), then
the Board may instead provide that all outstanding Options shall terminate upon
consummation of such Acquisition Event and that each Participant shall receive,
in exchange

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therefor, a cash payment equal to the amount (if any) by which (A) the
Acquisition Price multiplied by the number of shares of Common Stock subject to
the outstanding Options held by such Participant (whether or not exercisable),
exceeds (B) the aggregate exercise price of such Options. For purposes hereof,
an Option shall be considered to be assumed if, following consummation of the
Acquisition Event, the Option confers the right to purchase, for each share of
Common Stock subject to the Option immediately prior to the consummation of the
Acquisition Event, the consideration (whether cash, securities or other
property) received as a result of the Acquisition Event by holders of Common
Stock for each share of Common Stock held immediately prior to the consummation
of the Acquisition Event (and if holders were offered a choice of consideration,
the type of consideration chosen by the holders of a majority of the outstanding
shares of Common Stock); provided, however, that if the consideration received
as a result of the Acquisition Event is not solely common stock of the acquiring
or succeeding corporation (or an affiliate thereof), the Company may, with the
consent of the acquiring or succeeding corporation, provide for the
consideration to be received upon the exercise of Options to consist solely of
common stock of the acquiring or succeeding corporation (or an affiliate
thereof) equivalent in fair market value to the per share consideration received
by holders of outstanding shares of Common Stock as a result of the Acquisition
Event.

7.      General Provisions Applicable to Awards

        (a)     Transferability of Awards. Except as the Board may otherwise
determine or provide in an Award, Awards shall not be sold, assigned,
transferred, pledged or otherwise encumbered by the person to whom they are
granted, either voluntarily or by operation of law, except by will or the laws
of descent and distribution, and, during the life of the Participant, shall be
exercisable only by the Participant. References to a Participant, to the extent
relevant in the context, shall include references to authorized transferees.

        (b)     Documentation. Each Award shall be evidenced by a written
instrument in such form as the Board shall determine. Each Award may contain
terms and conditions in addition to those set forth in the Plan.

        (c)     Board Discretion. Except as otherwise provided by the Plan, each
Award may be made alone or in addition or in relation to any other Award. The
terms of each Award need not be identical, and the Board need not treat
Participants uniformly.

        (d)     Termination of Status. The Board shall determine the effect on
an Award of the disability, death, retirement, authorized leave of absence or
other change in the employment or other status of a Participant and the extent
to which, and the period during which, the Participant, the Participant's legal
representative, conservator or guardian may exercise rights under the Award.

        (e)     Withholding. Each Participant shall pay to the Company, or make
provision satisfactory to the Board for payment of, any taxes required by law to
be withheld in connection with Awards to such Participant no later than the date
of the event creating the tax liability. Except as the Board may otherwise
provide in an Award, when the Common Stock is registered under the Exchange Act,
Participants may, to the extent then permitted under applicable law, satisfy
such tax obligations in whole or in part by delivery of shares of Common Stock,
including shares retained from the Award creating the tax obligation, valued at
their Fair Market Value. The Company may, to the extent permitted by law, deduct
any such tax obligations from any payment of any kind otherwise due to a
Participant.

        (f)     Amendment of Award. The Board may amend, modify or terminate any
outstanding Award, including but not limited to, substituting therefor another
Award of the same or a different type, changing the date of exercise or
realization, and converting an Incentive Stock Option to a Nonstatutory Stock
Option, provided that the Participant's consent to such action shall be required
unless the Board determines that the action, taking into account any related
action, would not materially and adversely affect the Participant.

        (g)     Conditions on Delivery of Stock. The Company will not be
obligated to deliver any shares of Common Stock pursuant to the Plan or to
remove restrictions from shares previously delivered under the Plan until (i)
all conditions of the Award have been met or removed to the satisfaction of the
Company, (ii) in the opinion of the Company's counsel, all other legal matters
in connection with the issuance and delivery of such shares have been satisfied,
including any applicable securities laws and any applicable stock exchange or
stock market rules and

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regulations, and (iii) the Participant has executed and delivered to the Company
such representations or agreements as the Company may consider appropriate to
satisfy the requirements of any applicable laws, rules or regulations.

        (h)     Acceleration. The Board may at any time provide that any Options
shall become immediately exercisable in full or in part or that any other Awards
may become exercisable in full or in part or free of some or all restrictions or
conditions, or otherwise realizable in full or in part, as the case may be.

8.      Miscellaneous

        (a)     No Right To Employment or Other Status. No person shall have any
claim or right to be granted an Award, and the grant of an Award shall not be
construed as giving a Participant the right to continued employment or any other
relationship with the Company. The Company expressly reserves the right at any
time to dismiss or otherwise terminate its relationship with a Participant free
from any liability or claim under the Plan, except as expressly provided in the
applicable Award.

        (b)     No Rights As Stockholder. Subject to the provisions of the
applicable Award, no Participant shall have any rights as a stockholder with
respect to any shares of Common Stock to be distributed with respect to an Award
until becoming the record holder of such shares. Notwithstanding the foregoing,
in the event the Company effects a split of the Common Stock by means of a stock
dividend and the exercise price of and the number of shares subject to such
Option are adjusted as of the date of the distribution of the dividend (rather
than as of the record date for such dividend), then an optionee who exercises an
Option between the record date and the distribution date for such stock dividend
shall be entitled to receive, on the distribution date, the stock dividend with
respect to the shares of Common Stock acquired upon such Option exercise,
notwithstanding the fact that such shares were not outstanding as of the close
of business on the record date for such stock dividend.

        (c)     Effective Date and Term of Plan. The Plan shall become effective
on the date on which it is adopted by the Board, but no Award granted to a
Participant designated by the Board as subject to Section 162(m) of the Code by
the Board shall become exercisable, vested or realizable, as applicable to such
Award, unless and until the Plan has been approved by the Company's stockholders
to the extent stockholder approval is required by Section 162(m) (including the
vote required under Section 162(m)). No Awards shall be granted under the Plan
after the completion of ten years from the earlier of (i) the date on which the
Plan was adopted by the Board or (ii) the date the Plan was approved by the
Company's stockholders, but Awards previously granted may extend beyond that
date.

        (d)     Amendment of Plan. The Board may amend, suspend or terminate the
Plan or any portion thereof at any time, provided that to the extent required by
Section 162(m) of the Code, no Award granted after the date of such amendment to
a Participant designated as subject to Section 162(m) by the Board shall become
exercisable, realizable or vested, as applicable to such Award (to the extent
that such amendment to the Plan was required to grant such Award to a particular
Participant), unless and until such amendment shall have been approved by the
Company's stockholders as required by Section 162(m) (including the vote
required under Section 162(m)).

        (e)     Governing Law. The provisions of the Plan and all Awards made
hereunder shall be governed by and interpreted in accordance with the laws of
the State of Delaware, without regard to any applicable conflicts of law.

                          Adopted by the Board of Directors on January 23, 2003.

                          Approved by the stockholders on ________  ___, 200_.

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                                                                    Exhibit 10.8

                           MICROSTRATEGY INCORPORATED

                   1999 AMENDED AND RESTATED STOCK OPTION PLAN

                             STOCK OPTION AGREEMENT

        Unless otherwise defined herein, the terms defined in the MicroStrategy
Incorporated 1999 Amended and Restated Stock Option Plan (the "Plan") shall have
the same defined meanings in this Option Agreement.

1.      Grant of Option.

        Participant:    Eric Brown
        Address:        1187 Windrock Drive
                        McLean, VA 22102
                        USA

        You have been granted an option to purchase shares of Class A Common
Stock of MicroStrategy Incorporated, subject to the terms and conditions of the
Plan and this Option Agreement, as follows:

Grant Number:                         15390

Date of Grant:                        July 26, 2002

Vesting Commencement Date:            July 26, 2002

Fair Market Value, Date of Grant:     $ .47

Exercise Price per Share:             $ .47

Total Number of Options Granted:      187,600

Total Exercise Price:                 $88,172.00

Type of Option:                       Incentive Stock Option

Final Exercise Date:                  July 26, 2012

        Except as otherwise indicated by the context, the term "you", as used in
this option, shall be deemed to include any person who acquires the right to
exercise this option validly under its terms.

2.      Vesting Schedule; Definitions.

        (a)     Vesting Schedule. As used herein, the term "vested" shall mean
that portion of this option that is exercisable. This option shall vest in
accordance with the following schedule: (i) except as set forth in (v) and (vi)
below, no portion of this option shall be vested prior to the first anniversary
of your Vesting Commencement Date; (ii) 80 options shall be vested on the first
anniversary of your Vesting Commencement Date; (iii) 20 options shall be vested
on the second anniversary of your Vesting

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Commencement Date; (iv) 187,500 options shall be vested on the fourth
anniversary of your Vesting Commencement Date (such that this option shall be
vested in full on the fourth anniversary of your Vesting Commencement Date); (v)
immediately following the effective time (the "Change in Control Effective
Date") of a Change in Control (as defined below), a portion of this option which
is unvested on the Change in Control Effective Date shall immediately vest so
that at least 50% of the original grant is fully vested and exercisable as of
the Change in Control Effective Date and the remaining unvested portion of the
option shall vest at the rate of 50% of such remaining unvested amount on the
last day of each of the third month and the sixth month after the Change in
Control Effective Date (such that this option shall be vested in full the last
day of the month which is six months after the Change in Control Effective
Date); and (vi) if, following the Change in Control Effective Date, your
employment is terminated by the Company other than for Cause (as defined below)
or by you for Good Reason (as defined below), this option shall vest in full on
the effective date of such termination. The right of exercise shall be
cumulative so that if you do not exercise this option to the maximum extent
permissible in any period, it shall continue to be exercisable, in whole or in
part, with respect to all vested shares until the earlier of the Final Exercise
Date or the termination of this option under Section 3 below or under the Plan.
Additionally, the Board of Directors, or a committee thereof, in it sole
discretion agrees that immediately prior to a Change of Control it shall
consider whether your vesting schedule set forth above should be further
modified so that this option shall become fully vested upon the Change of
Control.

        (b)     Definitions.

                (i)     "Good Reason" shall mean the occurrence, without your
written consent, of any of the following events or circumstances: (A) a
reduction in your annual base salary or bonus opportunity as in effect on the
Change in Control Effective Date, which in no event shall be less than your base
salary and bonus opportunity in effect as of July 24, 2002,or as the same was or
may be increased thereafter from time to time; (B) a change by the Company in
the location at which you perform your principal duties for the Company to a new
location that is both (x) outside a radius of 35 miles from your principal
residence immediately prior to the Change in Control Effective Date and (y) more
than 20 miles from the location at which you performed your principal duties for
the Company immediately prior to the Change in Control Effective Date; or (C) a
requirement by the Company that you travel on Company business for more than 10
business days per month for three consecutive months, or (D) a failure by the
Company to provide you with an executive title, such as vice-president, general
manager, senior director of a corporate function or chief officer of a corporate
function. Notwithstanding the occurrence of any such event or circumstance, such
occurrence shall not be deemed to constitute Good Reason if, prior to the
effective date of such, such event or circumstance has been fully corrected and
you have been reasonably compensated for any losses or damages resulting
therefrom.

                (ii)    "Change in Control" shall mean an event or occurrence
set forth in any one or more of subsections (A) and (B) below (including an
event or occurrence that constitutes a Change in Control under one of such
subsections but is specifically exempted from another such subsection):

                        (A)     the acquisition by an individual, entity or
group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act")) (a "Person") of
beneficial ownership of any capital stock of the Company if, after such
acquisition, such Person beneficially owns (within the meaning of Rule 13d-3
promulgated under the Exchange Act) 50% or more of the combined voting power of
the then-outstanding securities of the Company entitled to vote generally in the
election of directors (the "Outstanding Company Voting Securities"); provided,
however, that for purposes of this subsection (A), the following acquisitions
shall not constitute a Change in Control: (i) any acquisition directly from the
Company (excluding an acquisition pursuant to the exercise, conversion or
exchange of any security exercisable for, convertible into or exchangeable for
Class A Common Stock or the Company's Class B Common Stock, $0.001 par value per
share, or voting

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securities of the Company, unless the Person exercising, converting or
exchanging such security acquired such security directly from the Company or an
underwriter or agent of the Company), (ii) any acquisition by the Company, (iii)
any acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any corporation controlled by the Company, (iv) any
acquisition by any corporation pursuant to a transaction which results in a
Continuity of Interest as defined in subsection (B) of this Section 2(b)(iii),
or (v) any acquisition by Michael J. Saylor or any of his affiliates (each such
party is referred to herein as an "Exempt Person"); or

                        (B)     the consummation of a merger, consolidation,
reorganization, recapitalization or statutory share exchange involving the
Company or a sale or other disposition of all or substantially all of the assets
of the Company in one or a series of transactions (a "Business Combination"),
unless, immediately following such Business Combination, all or substantially
all of the individuals and entities who were the beneficial owners of the
then-outstanding Outstanding Company Voting Securities immediately prior to such
Business Combination beneficially own more than 50% of the then-outstanding
combined voting power of the then-outstanding securities entitled to vote
generally in the election of directors, respectively, of the resulting or
acquiring corporation in such Business Combination (a "Continuity of Interest").

3.      Exercise of Option.

        (a)     Form of Exercise. To exercise this option, you must sign an
Exercise Notice in the form attached hereto as Exhibit A and deliver the
Exercise Notice to the Company at its principal office, accompanied by a copy of
this Option Agreement and payment in full for the shares in the manner provided
in the Plan. You may purchase less than the number of shares covered under this
Option Agreement, but may not partially exercise this option for any fractional
share or for fewer than ten whole shares. This option shall be deemed to be
exercised when the Company receives your fully-executed Exercise Notice, a copy
of this Stock Option Agreement, and payment in full for the shares in the manner
provided in the Plan.

        (b)     Continuous Relationship with the Company Required. Except as
otherwise provided in this Section 3, this option may not be exercised unless
you, at the time you exercise this option, have been at all times since the Date
of Grant, an employee of, or consultant or advisor to, the Company as defined in
Section 424(e) or (f) of the Code (an "Eligible Participant"). You shall not
cease to be an Eligible Participant if you take a leave of absence permitted
under Company policy, including but not limited to sick leave, vacation leave,
leave under the Family Medical Leave Act, jury duty, military leave, or any
other personal leave, or transfers between locations of the Company, or any
other leave that is approved by the Board of Directors of the Company. For each
day that you take a personal leave of absence or leave under the Family Medical
Leave Act (but not sick leave, vacation leave, jury duty, transfers between
locations of the Company or any other leave that is approved by the Board of
Directors) the vesting schedule described in Section 2 above shall be extended
for one additional day. If you take any leave of absence that exceeds ninety
(90) days and this option is designated in Section 1 as an Incentive Stock
Option, then this option shall be deemed a Nonstatutory Stock Option, unless
your reemployment is guaranteed at the end of such leave by contract (including
certain Company policies), statute, or applicable regulation.

        (c)     Termination of Relationship with the Company. If you cease to be
an Eligible Participant for any reason, then except as provided in paragraphs
(d), (e), and (f) below, your right to exercise this option shall terminate
three (3) months from the date of such cessation, but in no event after the
Final Exercise Date; provided that you may only exercise this option to the
extent that you were entitled to do so on the date of such cessation.

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        (d)     Exercise Period upon Death or Disability. If you die or become
disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final
Exercise Date while you are an Eligible Participant and the Company has not
terminated your relationship for "cause" as defined in paragraph (f) below, then
you or your estate (as applicable) shall be entitled to exercise this option
within twelve (12) months following the date of your death or disability. At the
end of this twelve-month period, this option shall terminate. Notwithstanding
the above, you or your estate may only exercise this option to the extent that
you were entitled to do so on the date of your death or disability, and in no
event shall this option be exercisable after the Final Exercise Date.

        (e)     Compliance with Employment Agreements Required. If you violate
the terms of any employment agreement, non-competition agreement,
non-solicitation agreement, confidentiality agreement, non-disclosure agreement,
intellectual property agreement, or any other agreement or contract between you
and the Company, your right to exercise this option shall terminate immediately
upon such violation.

        (f)     Discharge for Cause. If you are discharged by the Company for
"Cause" as defined below prior to the Final Exercise Date, your right to
exercise this option shall terminate immediately on the effective date of such
discharge. "Cause" shall mean willful misconduct by you or your willful failure
to perform responsibilities to the Company, including your breach of any
employment, consulting, advisory, non-disclosure, non-competition, or similar
agreement between you and the Company, but excluding acts that merely constitute
negligence or gross negligence. You shall be considered to have been discharged
for "cause" if the Company determines, within thirty (30) days after your
resignation, that discharge for cause was warranted and your conduct satisfies
the definition of "Cause" in the preceding sentence.

4.      Withholding.

        No shares will be issued to you upon exercise of this option unless and
until you pay to the Company, or make provision satisfactory to the Company for
payment of, any federal, state, or local withholding taxes required by law to be
withheld with respect to this option.

5.      Nontransferability of Option.

        You shall not sell, assign, transfer, pledge or otherwise encumber this
option, either voluntarily or by operation of law, except by will or the laws of
descent and distribution, and during your lifetime, this option shall be
exercisable only by you.

6.      Disqualifying Distribution.

        If this option is an Incentive Stock Option and you dispose of shares
acquired upon exercise of this option within two years from the Date of Grant or
one year after you acquired such shares, you shall immediately notify the
Company in writing of such disposition.

7.      No Right to Employment.

        If you are an employee, neither the Plan nor this Option Agreement shall
alter in any way your status as an "at-will" employee. You retain your right to
terminate your relationship with the Company at any time, with or without
reason, and the Company retains its right to terminate your relationship at any
time, with or without reason.

                                        4

<PAGE>

8.      Provisions of the Plan.

        This option is subject to the provisions of the Plan. In the event of a
conflict between the provisions of the Plan and this Option Agreement, the Plan
shall govern.

9.      Entire Agreement; Governing Law.

        The Plan, this Option Agreement, and the attached Exercise Notice
constitute the entire agreement of the parties and supersede in their entirety
all prior undertakings and agreements of the Company and you with respect to the
subject matter hereof. The entire agreement shall be governed by Virginia law
except for that body of law pertaining to conflict of laws.

                                        5

<PAGE>

        IN WITNESS HEREOF, the Company has caused this option to be executed by
its duly authorized officer. This option shall take effect as a sealed
instrument.

                                    MICROSTRATEGY INCORPORATED

                                    By:      /s/ Michael J. Saylor
                                       -----------------------------------------
                                             Michael J. Saylor
                                    Title:   Chairman & CEO

                            PARTICIPANT'S ACCEPTANCE

        The undersigned hereby accepts the foregoing Option Agreement and agrees
to the terms and conditions thereof. The undersigned hereby acknowledges
receiving a copy of the Plan. The undersigned has reviewed the Plan and this
Option Agreement in their entirety, has had an opportunity to obtain the advice
of counsel before executing this Option Agreement and fully understands all
provisions of the Plan and this Option Agreement. The undersigned hereby agrees
to accept as binding, conclusive and final all decisions or interpretations of
the Company upon any questions relating to the Plan and Option Agreement.

                                    PARTICIPANT:

                                             /s/ Eric F. Brown
                                    --------------------------------------------
                                    Signature
                                             Eric F. Brown
                                    --------------------------------------------
                                    Print Name

                                CONSENT OF SPOUSE

        The undersigned spouse of the Participant has read and hereby approves
the terms and conditions of the Plan and this Option Agreement. In consideration
of the Company's granting his or her spouse the right to purchase shares as set
forth in the Plan and this Option Agreement, the undersigned hereby agrees to be
irrevocably bound by the terms and conditions of the Plan and this Option
Agreement and further agrees that any community property interest shall be
similarly bound. The undersigned hereby appoints the undersigned's spouse as
attorney-in-fact for the undersigned with respect to any amendment or exercise
of rights under the Plan or this Option Agreement.

                                    SPOUSE OF PARTICIPANT:

                                             /s/ Hyun-Ju Park
                                    --------------------------------------------
                                    Signature
                                             Hyun-Ju Park
                                    --------------------------------------------
                                    Print Name

                                        6

<PAGE>

                     EXHIBIT A TO THE STOCK OPTION AGREEMENT

                           MICROSTRATEGY INCORPORATED

                   1999 AMENDED AND RESTATED STOCK OPTION PLAN

                                 EXERCISE NOTICE

MicroStrategy Incorporated
1861 International Drive
McLean, VA 22102
Attention:  Stock Option Administrator

        1.      Exercise of Option. Effective as of today, ________________,
200__, I, _________________________________ ("Purchaser"), hereby elect to
purchase ___________ shares (the "Shares") of the Class A Common Stock of
MicroStrategy Incorporated (the "Company") under and pursuant to the
MicroStrategy Incorporated 1999 Amended and Restated Stock Option Plan (the
"Plan") and the Stock Option Agreement listed below (the "Option Agreement"):

<TABLE>
<CAPTION>
                                            Number of Shares         Exercise              Aggregate
Grant Number          Date of Grant         Being Exercised          Price Per Share       Exercise Price
-------------------------------------------------------------------------------------------------------------
<S>                   <C>                   <C>                      <C>                   <C>
                                                                     $                     $
-------------------------------------------------------------------------------------------------------------
</TABLE>

        2.      Delivery of Payment. Purchaser herewith delivers to the Company
the full purchase price for the Shares.

        3.      Representations of Purchaser. Purchaser acknowledges that
Purchaser has received, read and understood the Plan and the Option Agreement
and agrees to abide by and be bound by their terms and conditions.

        4.      Rights as Stockholder. Subject to the terms and conditions of
the Plan, the Option Agreement, and this Exercise Notice, Purchaser shall have
all of the rights of a stockholder of the Company with respect to the Shares
from and after the date the stock certificate evidencing such Shares is issued,
as evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company.

        5.      Tax Consultation. Purchaser understands that Purchaser may
suffer adverse tax consequences as a result of Purchaser's purchase or
disposition of the Shares. Purchaser represents that Purchaser has consulted
with any tax consultants Purchaser deems advisable in connection with the
purchase or disposition of the Shares and that Purchaser is not relying on the
Company for any tax advice.

        6.      Interpretation. Any dispute regarding the interpretation of the
Plan, the Option Agreement, or this Exercise Notice shall be submitted by
Purchaser or by the Company forthwith to the Company's Board of Directors or the
committee thereof that administers the Plan, which shall review such dispute at
its next regular meeting. The resolution of such a dispute by the Board or
committee shall be final and binding on the Company and on Purchaser.

                                        1

<PAGE>

        7.      Entire Agreement; Governing Law. The Plan, the Option Agreement,
and this Exercise Notice constitute the entire agreement of the parties and
supersede in their entirety all prior undertakings and agreements of the Company
and Purchaser with respect to the subject matter hereof. The entire agreement
shall be governed by Virginia law except for that body of law pertaining to
conflict of laws.

Submitted by:                       Accepted by:

PURCHASER:                          MicroStrategy Incorporated

-----------------------------       By:
Signature                              -----------------------------------
                                             Michael J. Saylor

-----------------------------       Title:   Chairman & CEO
Print Name

-----------------------------       Address:
Tax I.D. Number
                                    1861 International Drive
-----------------------------       McLean, VA  22102
Address

-----------------------------
City, State, Zip      Country

Brokerage Account Information (voluntary)*

-----------------------------            * This section will also need to be
Broker Name                              completed if you would like your shares
                                         to be wired directly to your brokerage
                                         account, which generally takes a few
-----------------------------            business days.  If you do not supply
Broker DTC Number                        brokerage account information, your
                                         stock certificate will be mailed to
                                         you. Please note that it can take
-----------------------------            several weeks before you receive shares
Account Number                           by mail.

                                        2

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