Deed of Floating Charge

between

Lionbridge Mauritius Ltd.

and

Wachovia Bank, National Association,

as administrative agent

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December 4, 2006
TABLE OF CONTENTS

1. Preamble

2. Definitions.

3. Creation of Charge

4. Perfection of Security

5. Representations & Warranties

6. Conversion of Floating Charge into Fixed Charge; Remedies

7. Appointment of Receiver and Manager.

8. Unconditional and Continuing Security

9. Release

10. Amendments

11. No Waiver

12. Indemnity

13. Binding effect; Assignment

14. Severability

15. Governing Law

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Deed of Floating Charge

This Agreement is made on December 4, 2006 between:

  1.   LIONBRIDGE MAURITIUS LTD.

a private company incorporated in the Republic of Mauritius, with its registered
office at IFS Court, Twenty-Eight, Cybercity, Ebène, Mauritius (the “Chargor”);
and

  2.   WACHOVIA BANK, NATIONAL ASSOCIATION

a U.S. national banking association, having its principal office at One Wachovia
Center, Charlotte, North Carolina 28288-0737, United States of America, as
Administrative Agent under the Credit Agreement (defined below), (the
“Chargee”).

    1. Preamble

1.1   The Chargor has determined that the execution, delivery and performance of
this Deed directly benefit, and are in the best interests of, the Chargor.

1.2   In consideration of the Chargee making certain financial accommodations
available to the Credit Parties pursuant to the Credit Agreement, the Chargor
agrees with the Chargee as below.

    2. Definitions.

2.1   In this Deed, the terms in the first column shall have the definitions set
out in the second column, as follows:

     
Borrowers
  The Company, the Irish Borrower, Lionbridge
Holdings BV and Lionbridge of Europe B.V.;
 
   
Charged Assets
  All the present and future assets of the Chargor;
 
   
Code
  The Civil Code of Mauritius;
 
   
Company
  Lionbridge Technologies, Inc, a company
incorporated in the State of Delaware, USA and
having its principal office at 1050 Winter
Street, Waltham, MA 02451, USA;
 
   
Credit Agreement
  A credit agreement dated 1st September
2005 (as amended, restated, supplemented or
otherwise modified) by and among the Borrowers,
the US Guarantors, the Foreign Guarantors, the
lenders from time to time party thereto and the
Pledgee, to which the Company has joined by
virtue of the Joinder Agreement;
 
   
Deed
  This deed of floating charge;
 
   
Dutch Borrowers
  Lionbridge Holdings BV and Lionbridge Global
Solutions Holdings (Netherlands) B.V. (f/k/a
Bowne Global Solutions Holdings (Netherlands)
B.V.);
 
   
Foreign Guarantors
  The Borrowers, the US Guarantors, Lionbridge
Holdings Luxembourg S.A.R.L., Lionbridge
Luxembourg S.A.R.L. and the Subsidiaries of the
Irish Borrower and the Dutch Borrowers;
 
   
Irish Borrower
  Lionbridge International (f/k/a Lionbridge
Technologies Ireland);
 
   
Joinder Agreement
  An agreement dated December 4, 2006 between the
Chargor, the Borrowers, the US Guarantors, the
Foreign Guarantors and the Pledgee;
 
   
Lionbridge Holdings BV
  Lionbridge Technologies Holdings B.V.;
 
   
Secured Obligations
  all the Credit Party Obligations of the Credit
Parties as defined in the Credit Agreement; and
 
   
US Guarantors
  The Material Domestic Subsidiaries of the Company.

2.2   Terms not otherwise defined herein shall, where the context so permits,
have the same meaning as in the Credit Agreement.

    3. Creation of Charge

3.1   As continuing security for the due and punctual discharge of the Secured
Obligations, the Chargor hereby creates in favour of the Chargee (as Security
Trustee) a first rank floating charge over the Charged Assets.

3.2   For the purpose of this Deed but without prejudice to the terms of the
Credit Documents, the Obligations shall be valued at the sum of US$ 175,000,000
(including interest, costs, commissions, etc).

    4. Perfection of Security

4.1   Immediately following the execution of this Deed, the Chargor shall cause,
at its own costs, this Deed to be registered with the Registrar General and
inscribed in the registers of the Conservator of Mortgages.

4.2   Following such inscription, the Chargor shall deliver to the Chargee an
original of this Deed bearing the original stamp witnessing the inscription of
the charge created herein in the registers of the Conservator of Mortgages.

4.3   The Chargor shall cause the particulars of the charge created herein to be
filed with the Registrar of Companies for the purpose of Section 127 of the
Companies Act 2001.

    5. Representations & Warranties

5.1   The Chargor represents and warrants as follows:

  (i)   the Chargor:

  (a)   is a corporation duly organized, validly existing and in good standing
under the laws of Mauritius, and

  (b)   has all requisite power and authority to execute, deliver and perform
this Agreement;

  (ii)   the execution, delivery and performance by the Chargor of this
Agreement:

  (a)   have been duly authorized by all necessary action; and

  (b)   do not and will not contravene its constitution or any applicable law or
any material contractual restriction binding on or affecting it or any of its
properties;

  (iii)   all necessary authorisations to enable the Chargor to enter into this
Agreement have been obtained and are, and will remain, in full force and effect;

  (iv)   the exercise by the Chargee of any of its rights and remedies in
accordance with the terms of this Agreement will not contravene any law or any
contractual restriction binding on or affecting the Chargor or any of the
properties of the Chargor;

  (v)   save as is expressly mentioned in Clause 4 above, no authorization or
approval or other action by, and no notice to or filing with, any governmental
authority is required to be obtained or made by the Chargor for:

  (a)   the due execution, delivery and performance by the Chargor of this
Agreement,

  (b)   the grant by the Chargor, or the perfection, of the security created
hereby in the Charged Assets; or

  (c)   the exercise by the Chargee of any of its rights and remedies hereunder;
and

  (vi)   this Deed will, after the steps set out in Clause 4.1 above have been
taken, create a legal, valid and binding first ranking floating charge on the
Charged Assets as effective security for the Secured Obligations;

  (vii)   it shall not, at any time during the subsistence of this Agreement,
create or permit to subsist any lien or any other security over all or any part
of the Assets other than as permitted in accordance with the Credit Documents;

  (viii)   it has not performed and will not perform any act which might prevent
the Chargee from enforcing any of the terms and conditions of this Deed or which
would limit or restrict the Chargee in such enforcement;

  (ix)   the above representations, warranties and undertakings are and will be
correct and complied with in all respects as at the date of this Deed and also
at all times thereafter so long as the Secured Obligations have not been duly
and irrevocably discharged in full, as if repeated by reference to the then
existing circumstances.

    6. Conversion of Floating Charge into Fixed Charge; Remedies

6.1   For so long as any of the Secured Obligations shall not have been duly and
irrevocably discharged, the Chargee shall have the right, pursuant to the
provisions of the Civil Code, at any time and at its sole discretion and upon
giving notice to the Chargor, to convert and crystallise in its favour the
charge herein created over the Charged Assets or any part thereof into a fixed
charge.

6.2   In case such right of conversion is exercised, the Chargee shall upon
conversion cause the inventory prescribed under the Code to be made and fulfil
all the other formalities and procedures prescribed by the Code.

6.3   The Chargor shall bear all the costs incurred in converting and
crystallising the Charge into a fixed charge.

6.4   The Chargee shall be entitled to all the remedies provided by law. The
remedies provided in this Deed are cumulative and not exclusive of any remedies
provided by law.

    7. Appointment of Receiver and Manager.

7.1   If any of the Secured Obligations is due and payable but not paid or
discharged on demand or if the Chargor has breached any provision of this Deed
or any other Credit Document or in the case of any other Event of Default, the
Chargee may appoint any person to be a receiver and manager of the Charged
Assets or any part thereof and may in like manner from time to time remove any
receiver and manager so appointed and appoint another in his stead.

7.2   A receiver and manager so appointed shall be the agent of the Chargor and
the Chargor shall alone be liable for his acts and defaults and remuneration and
he shall have authority and be entitled to exercise the powers hereinafter set
forth and to do all such acts and things which a receiver and manager lawfully
may or can do which may be necessary for or considered to be incidental or
conductive to the carrying on of the business of the Chargor including the
raising of money with the consent of the Chargee on the security of the Charged
Assets or without security and generally to take possession of and collect all
or part of the Charged Assets and for that purpose to take proceedings in the
name of the Chargor to sell all or any part of the Charged Assets and to make
any compromises.

7.3   No purchaser, mortgagor, mortgagee or other person or company dealing with
the Chargee or any receiver and manager or with their attorneys or agents shall
be concerned to enquire whether the powers exercised or purported to be
exercised have been exercisable or whether any money remains due on the security
of this Deed or as to the necessity or expediency of the stipulations and
conditions subject to which any sale shall have been made or otherwise as to the
propriety or regularity of such sale, calling in, collection or conversion or to
see to the application of any money paid to the Chargee or such receiver and
manager and in the absence of mala fides on the part of such purchaser,
mortgagor, mortgagee or other person or company, such dealing shall be deemed in
so far as regards the safety and protection of such purchaser, mortgagor,
mortgagee person or company to be within the powers hereby conferred and to be
valid and effectual accordingly.

7.4   Subject to the law, all proceeds of any sale, transfer, or other disposal
of the Charged Assets pursuant to this Deed shall be applied by the Chargee in
accordance with the Credit Agreement.

    8. Unconditional and Continuing Security

8.1   The charge and security interest created by this Deed and the obligations
of the Chargor hereunder are unconditional and shall not be affected by any
invalidity or unenforceability of provision of this Deed or any provision of the
other Credit Documents or any other agreement between the Chargee and the
Chargor (whether made before or after the date of this Deed).

8.2   The security created by this Deed:

  (i)   shall constitute and be a continuing security notwithstanding any
intermediate discharge or settlement or reduction or satisfaction of the Secured
Obligations or any other matter or thing whatsoever;

  (ii)   is in addition to and is not in any way prejudiced or affected by any
collateral or other security, judgement or order or any lien to which the
Chargee or any other Credit Party may be otherwise entitled; and

  (iii)   shall be reinstated by the Chargor if, for any reason, any payment by
or on behalf of the Chargor under the Credit Agreement or this Deed shall be
rescinded or must otherwise be restored, whether as a result of any proceedings
in bankruptcy or reorganisation or the like or otherwise.

8.3   To the extent that the Chargor has or hereafter may acquire any immunity
or any other defence from any legal action, suit or proceeding, from the
jurisdiction of any court or any legal process (whether service or notice,
attachment prior to judgment, attachment in aid of execution of judgment,
execution of judgment or otherwise) with respect to itself or any of its
property, the Chargor hereby irrevocably waives and agrees not to plead or claim
such immunity or other defence in respect of its obligations under this Deed.

    9. Release

9.1   The Chargee hereby undertakes that if the Secured Obligations are duly and
irrevocably discharged in full in accordance with the provisions of the Credit
Agreement and this Deed, the Chargee shall, as soon as reasonably practicable
after the first written request and at the expense of the Chargor, discharge the
Charged Assets from the charge created herein.

    10. Amendments

10.1   No amendment or waiver of any provision of this Deed, nor consent to any
departure by the Chargor therefrom, shall in any event be effective unless the
same shall be in writing and signed by the Chargee and registered with the
Registrar General and inscribed with the Conservator of Mortgages, and then such
waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given.

    11. No Waiver

11.1   No failure on the part of the Chargor to exercise, and no delay in
exercising, any right under this Deed shall operate as a waiver thereof; nor
shall any single or partial exercise of any such right preclude any other or
further exercise thereof or the exercise of any other right.

    12. Indemnity

12.1   The Chargor agrees to pay, indemnify, and hold the Chargee harmless from
and against any and all other liabilities, obligations, losses, damages,
penalties, actions (whether in contract, in tort or on any other ground),
judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever with respect to the enforcement of this Deed (the “indemnified
liabilities”), provided, that the Chargor shall have no obligation hereunder to
the Chargee with respect to indemnified liabilities arising from the gross
negligence or wilful misconduct of the Chargee.

    13. Binding effect; Assignment

13.1   This Deed shall be binding upon and inure for the benefit of the Parties
and their respective successors.

13.2   The Chargor shall not assign any of its rights or obligations under this
Deed without the prior written consent of the Chargee.

13.3   The Chargee may assign any of its rights or obligations under this Deed
in accordance with the provisions of any Credit Document.

    14. Severability

14.1   In the event that any Clause or part of a Clause in this Deed shall, for
any reason, be determined by a court or arbitration tribunal to be invalid,
illegal or unenforceable, the validity, legality or enforceability of the
remaining Clauses shall not be affected or impaired.

14.2   The Chargor shall take all steps, execute all documents and do everything
reasonably required by the Chargee in order to give full legal effect to that
Clause or part of its intended purpose.

    15. Governing Law

15.1   This Deed shall be governed by and construed in accordance with the laws
of the Republic of Mauritius.

IN WITNESS WHEREOF, the Chargor and the Chargee have executed this Deed the day
and year first written above in two originals.

LIONBRIDGE MAURITIUS LTD. (“Chargor”)

     
By:
Name:
Title:
  /s/Stephen J. Lifshatz
Stephen J. Lifshatz
Director

[SIGNATURE PAGE OF CHARGEE FOLLOWS]

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WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent (“Chargee”)

     
By:
Name:
Title:
  /s/ Mark B. Felker
Mark B. Felker
Managing Director,

    Wachovia Bank, National Association

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