CONTRIBUTION AGREEMENT



                                  BY AND AMONG



                      LIBERTY SATELLITE & TECHNOLOGY, INC.,



                           LIBERTY MEDIA CORPORATION,



                                       AND



                           ASTROLINK INTERNATIONAL LLC





                          DATED AS OF JANUARY 17, 2003



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                                TABLE OF CONTENTS



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ARTICLE I DEFINITIONS............................................................................1

Section 1.1       Definitions....................................................................1

Section 1.2       Terms..........................................................................4



ARTICLE II TRANSACTIONS..........................................................................4

Section 2.1       Contribution by the Liberty Transferors........................................4

Section 2.2       Contribution by Astrolink......................................................5

Section 2.3       Value of LSAT Stock............................................................5

Section 2.4       Adjustment.....................................................................6

Section 2.5       Value of the Contributions.....................................................6

Section 2.6       Alternative Transaction........................................................6



ARTICLE III REPRESENTATIONS AND WARRANTIES OF LIBERTY............................................7

Section 3.1       Investment Purpose.............................................................7

Section 3.2       No Liens.......................................................................8

Section 3.3       Ownership Interests in LSAT....................................................8



ARTICLE IV REPRESENTATIONS AND WARRANTIES OF ASTROLINK...........................................8

Section 4.1       Investment Purpose.............................................................8

Section 4.2       Ownership; Capitalization; No Liens............................................9



ARTICLE V REPRESENTATIONS AND WARRANTIES OF LSAT................................................10

Section 5.1       Investment Purpose............................................................10

Section 5.2       Non-Contravention.............................................................10

Section 5.3       Validity of LSAT Shares.......................................................10

Section 5.4       Disclosure....................................................................10



ARTICLE VI COVENANTS............................................................................11

Section 6.1       Treatment of Transactions for Tax Purposes....................................11

Section 6.2       Determination of Liberty Contribution.........................................11



ARTICLE VII CLOSING CONDITIONS..................................................................11

Section 7.1       Conditions to Each Party's Obligation to Effect the Closing...................11



ARTICLE VIII TERMINATION........................................................................12

Section 8.1       Termination on Alternative Transaction........................................12

Section 8.2       Termination upon Termination of Other Agreements..............................12

Section 8.3       Effect of Termination and Abandonment.........................................12



ARTICLE IX MISCELLANEOUS........................................................................12

Section 9.1       Survival of Representations and Warranties....................................12

Section 9.2       Amendments, Waivers, Etc......................................................12

Section 9.3       Third Party Beneficiaries.....................................................13

Section 9.4       Incorporation by Reference....................................................13

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                             CONTRIBUTION AGREEMENT



     CONTRIBUTION AGREEMENT dated as of January 17, 2003, by and among LIBERTY

SATELLITE & TECHNOLOGY, INC., a Delaware corporation ("LSAT"), Liberty Media

Corporation, a Delaware corporation ("Liberty"), and ASTROLINK International

LLC, a Delaware limited liability company ("Astrolink").



                                    RECITALS



     A.     The Master Agreement Regarding Restructuring of ASTROLINK

International, LLC (the "Master Agreement"), dated as of even date herewith,

provides that LSAT, Liberty, and Astrolink will enter into this Agreement.



     B.     This Agreement provides for the Liberty Transferors (as defined

below) to contribute certain assets to LSAT in exchange for shares of LSAT's

Series B Common Stock.



     C.     This Agreement provides for Astrolink to contribute all of its

membership interests in New Astrolink (as defined in the Master Agreement) to

LSAT in exchange for cash and shares of LSAT's Series A Common Stock.



     D.     The Parties intend that the transactions contemplated by this

Agreement constitute a Section 351 Transaction.



     NOW, THEREFORE, in consideration of the mutual representations, warranties,

and agreements contained herein and for other good and valuable consideration,

the receipt and sufficiency of which are hereby acknowledged, the Parties,

intending to be legally bound, agree as follows:



                                    ARTICLE I



                                   DEFINITIONS



            Section 1.1   DEFINITIONS. The following words and expressions have

the meanings set forth below:



     10% VALUE REQUIREMENT: as defined in Section 2.1(a).



     AFFILIATE: with respect to any Person, any other Person directly or

indirectly Controlling, Controlled by or under common Control with such first

Person. Notwithstanding any other provision of this Agreement, none of Liberty

and its Subsidiaries (other than LSAT and its Subsidiaries) shall be treated as

an Affiliate of LSAT or any of its Subsidiaries, and none of LSAT and its

Subsidiaries shall be treated as an Affiliate of Liberty or any of its

Subsidiaries (other than LSAT and its Subsidiaries), for any purpose under this

Agreement.



     AGREEMENT: this contribution agreement, including all exhibits and

schedules hereto.



     ALTERNATIVE TRANSACTION NEGOTIATION: as defined in Section 2.6.



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     ASSIGNMENT AGREEMENT: as defined in Section 2.2(a).



     ASTROLINK: as defined in the preamble hereto.



     ASTROLINK CONTRIBUTION: as defined in Section 2.2(a).





     ASTROLINK LSAT SHARES: as defined in Section 2.2(b).



     BUSINESS DAY: any day other than a Saturday, a Sunday, or a day on which

banks in New York, New York are authorized to be closed.



     CLOSING: the consummation of the Transactions contemplated by this

Agreement, which Transactions will be consummated on the date when and at the

location where the other transactions under the Master Agreement which are to

close substantially simultaneously with the Transactions are consummated,

provided that, the conditions to the Parties' obligations to effect the

Transactions in Article VII have been satisfied, or to the extent permitted by

applicable Legal Requirements waived by the applicable Party.



     CLOSING DATE: the date of the Closing.



     CODE: as defined in the Master Agreement.



     CONTROL: the power, directly or indirectly, to direct or cause the

direction of the management and policies of a Person, whether by the ownership

of voting securities, by contract, or otherwise.



     EXCHANGE ACT: the Securities Exchange Act of 1934, as amended, and the

rules and regulations promulgated thereunder.



     GOVERNMENTAL AUTHORITY: as defined in the Master Agreement.



     LEGAL REQUIREMENTS: as defined in the Master Agreement.



     LIBERTY: as defined in the preamble hereto.



     LIBERTY CONTRIBUTION: as defined in Section 2.1(a).



     LIBERTY LSAT SHARES: as defined in Section 2.1(b).



     LIBERTY TRANSFERORS: the Persons transferring (or on whose behalf Liberty

transfers) the Liberty Contribution to LSAT pursuant to this Agreement, which

will be Liberty and/or one or more Affiliates of Liberty that are members of its

consolidated group for U.S. federal income tax purposes.



     LIEN: any security interest, lien, claim, pledge, charge, or other

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