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TABLE OF CONTENTS


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ARTICLE I DEFINITIONS

		1
Section 1.1. Definitions		1

ARTICLE II TRANSFER OF ASSETS AND LIABILITIES		10

Section 2.1. Acquired Assets		10
Section 2.2. Excluded Assets		12
Section 2.3. Assumed Liabilities		13
Section 2.4. Excluded Liabilities		13
Section 2.5. Transfer of Acquired Assets and Assumed Liabilities		13
Section 2.6. Consideration; Escrow		14
Section 2.7. Closing		15
Section 2.8. Deliveries by Seller		15
Section 2.9. Deliveries by Purchaser		16
Section 2.10. Allocation of Aggregate Consideration		17
Section 2.11. Non-Assignable Acquired Assets.		17
Section 2.12. Limitation on Seller Liability		18

ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLER		18

Section 3.1. Organization and Qualification of Seller		18
Section 3.2. Authority to Execute and Perform Agreement		19
Section 3.3. Financial Statements		19
Section 3.4. Absence of Certain Changes or Events		19
Section 3.5. Litigation and Liabilities		21
Section 3.6. Title and Condition to Properties; Absence of Liens; etc.		21
Section 3.7. Licenses and Registrations; Compliance with Laws, etc.		23
Section 3.8. Intellectual Property		23
Section 3.9. Non-Contravention		25
Section 3.10. Consents and Approvals		25
Section 3.11. Employee Benefit Plans; ERISA		26
Section 3.12. Insurance Policies		27
Section 3.13. Contracts		27
Section 3.14. Environmental Matters		29
Section 3.15. Taxes		29
Section 3.16. Satellite Coordination		30
Section 3.17. Liabilities		30
Section 3.18. Real Estate		30
Section 3.19. Labor Matters		31
Section 3.20. Subsidiaries		31
Section 3.21. Government Contracts		31
Section 3.22. Government Furnished Equipment		32
Section 3.23. Registration with U.S. State Department		33

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PURCHASER		33

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Section 4.1. Organization		33
Section 4.2. Authority to Execute and Perform Agreement Ability to Perform		33
Section 4.3. Consents and Approvals		33
Section 4.4. Non-Contravention		33
Section 4.5. Purchaser Litigation		34
Section 4.6. Registration with U.S. State Department		34
Section 4.7. Foreign Ownership		34
Section 4.8. Due Diligence by Purchaser		34

ARTICLE V ADDITIONAL AGREEMENTS OF THE PARTIES		35

Section 5.1. Conduct of Operations		35
Section 5.2. Further Assurances		37
Section 5.3. Access to Records and Facilities		37
Section 5.4. Preservation of Records		37
Section 5.5. Confidentiality		38
Section 5.6. Reasonable Efforts, Consents		39
Section 5.7. Employees		40
Section 5.8. Litigation		41
Section 5.9. Satisfaction of Conditions Precedent		41
Section 5.10. Expenses and Apportioned Obligations		41
Section 5.11. Bulk Sales Compliance		42
Section 5.12. Public Announcements		42
Section 5.13. Use of Name and Logo		42
Section 5.14. Access to Information after the Closing		43
Section 5.15. Loss of Satellite; Consequences		44
Section 5.16. Tax Matters		44
Section 5.17. Notice of Developments		44

ARTICLE VI CONDITIONS TO CLOSING		45

Section 6.1. Conditions to Obligations of Seller		45
Section 6.2. Conditions to Obligations of Purchaser		46

ARTICLE VII CERTAIN FEES RELATING TO THIS TRANSACTION		47

ARTICLE VIII TERMINATION		48

Section 8.1. Termination		48
Section 8.2. Effect of Termination		48

ARTICLE IX INDEMNIFICATION		49

Section 9.1. Indemnification by Seller		49
Section 9.2. Indemnification by Purchaser		50
Section 9.3. Survival of Representations and Warranties		51
Section 9.4. Defense of Third Party Claims		51
Section 9.5. Environmental Actions		52

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Section 9.6. Exclusive Remedies		52
Section 9.7. Treatment of Indemnification Payments		53
Section 9.8. Exclusivity of Escrow		53

ARTICLE X MISCELLANEOUS		53

Section 10.1. Waivers and Amendments; Non-Contractual Remedies; Preservation of Remedies		53
Section 10.2. Governing Law		53
Section 10.3. Submission of Jurisdiction; Waiver of Jury Trial		53
Section 10.4. Notices		54
Section 10.5. Section Headings		55
Section 10.6. Counterparts		55
Section 10.7. Assignments		55
Section 10.8. Entire Agreement, Enforceability and Miscellaneous		55
Section 10.9. Interpretation		56

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EXHIBITS

Exhibit A		Bill of Sale and Assignment
Exhibit B		Patent Assignment
Exhibit C		Copyright Assignment
Exhibit D		Trademark Assignment
Exhibit E		Lease Assignment
Exhibit F		Assumption Agreement
Exhibit G		Escrow Agreement
Exhibit H		Raytheon/Lockheed Martin Consent

SCHEDULES

Schedule 1.1(a)		Seller Persons with Knowledge
Schedule 1.1(b)		Purchaser Persons with Knowledge
Schedule 2.1(b)		Equipment
Schedule 2.1(c)		Inventory
Schedule 2.1(d)		Assigned IP Assets
Schedule 2.1(f)		Assigned Agreements
Schedule 2.1(g)(i)		Material Permits
Schedule 2.1(g)(ii)		Other Permits
Schedule 2.1(h)		Insurance Policies
Schedule 2.1(j)		Claims and Causes of Action Against Third Parties
Schedule 2.1(m)		Real Property
Schedule 2.1(p)		Transferred Bank Accounts
Schedule 3.1		Organization and Qualification of Seller
Schedule 3.4		Absence of Certain Changes or Events
Schedule 3.5		Litigation and Liabilities
Schedule 3.6(a)		Liens
Schedule 3.6(b)		Health Status Reports
Schedule 3.6(c)		Ground Facilities
Schedule 3.7		Licenses and Registrations; Compliance with Laws
Schedule 3.8(a)(i)		Owned Intellectual Property
Schedule 3.8(a)(ii)		IP Licenses and Licensed IP
Schedule 3.8(c)(i)		Intellectual Property Claims
Schedule 3.8(c)(ii)		Infringement by Seller on Intellectual Property of Third Parties
Schedule 3.8(c)(iii)		Interference with Sellers Intellectual Property
Schedule 3.8(d)		Persons Waiving Rights to SI Intellectual Property
Schedule 3.9		Non-Contravention
Schedule 3.10		Consents and Approvals
Schedule 3.11		Employee Benefits; ERISA
Schedule 3.12		Insurance
Schedule 3.13(a)		Contracts
Schedule 3.13(c)		Defaults Under Contracts
Schedule 3.14		Environmental Contracts
Schedule 3.15		Taxes

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Schedule 3.16		Satellite Coordination Agreements
Schedule 3.17		Liabilities
Schedule 3.18(a)		Owned Real Property
Schedule 3.18(b)		Leased Real Property
Schedule 3.19		Labor Issues
Schedule 3.21(a)-(e)		Government Contracts
Schedule 3.22		Government Furnished Equipment
Schedule 4.2		Authorizations and Consents
Schedule 4.3		Governmental Consents
Schedule 5.1		Conduct of Operations
Schedule 5.7		Transferred Employees

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ASSET PURCHASE AGREEMENT

ASSET PURCHASE AGREEMENT, dated as of September 15, 2005 (the Agreement), by and among Space Imaging LLC, a Delaware limited liability company (Seller), and OrbImage Holdings, Inc., a Delaware corporation and OrbImage, Inc., a Delaware corporation (collectively, the Purchaser).

WHEREAS, Purchaser desires to purchase from Seller, and Seller desires to sell to Purchaser, on an as-is, where-is basis (except as otherwise expressly provided herein), substantially all of the property, assets and rights owned or leased by Seller relating to the Operations (as defined herein), and to assume certain obligations and liabilities of Seller relating to the Operations, upon the terms and subject to the conditions hereinafter set forth.

NOW, THEREFORE, in consideration of the foregoing and of the representations, warranties, covenants, agreements and conditions contained herein, and intending to be legally bound hereby, the parties agree as follows:

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CONFIDENTIAL		EXECUTION VERSION